Ponzi World (Over 3 Billion NOT Served)

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.

Saturday, September 19, 2015

The Yuan Devaluation Was The Lehman Moment

Unfortunately, the Idiocracy slept through it. Shit happens man.

Only one U.S. sector peaked AFTER Lehman. It wasn't consumer staples. It wasn't Utilities. It wasn't defense contractors. It wasn't retail brokers. All of which peaked concurrent or prior to Lehman...

It was brewers, which just caught a takeover bid due to the Anheuser/Miller proposed mega-deal:

Deja Vu:

The rest of CasinoConomy is well into bear market...

At the recent lows:
Resources - 74%
Casinos - 50%
Energy: -42%
Construction: -40%
Transports - 25%
Semiconductors - 23%
Biotech - 17%

Rest of World