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, September 15, 2015
"How Can I Monetize The Collapse of Asia?"
The Fed meets tomorrow and Thursday (not Tues/Wed, as previously indicated) and the no volume short-covering rally continues.
Rate hike odds priced into the bond market are now at the highest level since the August Flash Crash. Which by sheer coincidence originated in Asia...