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.

Tuesday, October 6, 2015

No Bid Market: Elliot Wave Is Pounding Skynet

The Nasdaq is leading the 3rd wave lower, as it was in Y2K...

Biotech is getting pounded. Again. There is no marginal buyer of overvalued junk getting Shanghai'd back to reality...

A reminder of what happens to overloved/overbought assets when they return to reality
Chinese small caps:

RISK OFF
Growth / Value ratio