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.
Thursday, September 17, 2015
CAUTION: Extreme Hubris
The psychopaths are drinking their own Kool-Aid...
The last two times the stock market broke its 50-week moving average, interest rates were falling, not rising. Because the expansion was over...
Bond bets on Fed rate hike, highest in five years
Six years of non-stop bullshit culminating in non-stop bullshit: 1 Year Treasury yield: .46%