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, October 31, 2015

Now For The Coup De Grace: "Shanghai Surprise"

Shanghai rule #1: Never throw your life savings away on overvalued tech stocks when the economy is tanking

Because: "No one saw that coming"

Two months to nowhere:
The biggest rally in four years, carries the market back to the scene of the Flash Crash two months ago

black arrows are filled gaps, green arrows open...

The Fed is back in tightening mode
What could go wrong?

Enter Sandman aka. "Overnight risk":
The Bank of Japan didn't come through for dopium whores, no additional stock buying...

S&P with Dollar/Yen:

Aussie/Yen w/S&P:

Yen carry trade: 1998 indeed