The globalized economy is a colossal Ponzi Scheme in which the vast majority survive on the bread crumbs falling off the table. The possibility of 7 billion people achieving a consumption-oriented lifestyle is zero, so the World Bank conveniently set the poverty line at $1.25/day to legalize global slavery. As long as someone else's children are doing the suffering, it's "all good". Post-2008, this illusion was extended merely by plundering all future generations.
Tuesday, August 25, 2015
The Idiocracy Is "Decoupled" From Reality
Wall Street is front-running the Idiocracy. Out the door.
"Companies in the Standard & Poor’s 500 Index with the highest share volume were down 5.7 percent over the three months through July, five times as much as the broader market. That’s the worst underperformance since 2011 and came right before American stocks staged their biggest selloff in four years" NYSE Up volume / Total Volume:
Now, this just in, it's the timely "decoupling" fantasy: MW: Aug. 25, 2015
“We expect the U.S. economy will avoid contagion and continue to expand. [The] S&P 500 will rise by 11% to reach 2,100 at year-end. Such a rebound would echo the trading pattern exhibited in 1998, when U.S. equities rallied and largely ignored the Asian financial crisis,”
The U.S. Dow with Chinese stocks aka. decoupling for blind men:
"We need more time to sell, bitchez. No one saw this coming..."