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.

Friday, October 2, 2015

"Great News: No Jobs"

The disastrous jobs report fuelled a parabolic stock rally, because the Fed rate hike has been postponed until never, due to the missing economy.

No surprise, Commodities and Emerging Markets led the rally while financials lagged since the premise for buying them (rate hike) has now evaporated...

For six years bulltards have taken every sign of economic weakness as good news for more Monetary dopium. That game was always going to end with them blowing themselves up...

MW: Oct. 2nd, 2015
"Financial Sector Has Scariest Chart"
Financials peak with interest rates:

Carry trades with interest rates. The charade is ending...

U.S. credit spreads (High Yield / Treasuries)
Showing us where stocks are headed...