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.
Thursday, October 8, 2015
End Game: Nowhere to Hide
Major rotation out of growth/momentum back into energy and cyclicals. We've seen this movie before, we know how it ends...
It's the last step in the process towards "discontinuous price discovery":
