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.
Monday, November 9, 2015
Emerging Markets: Match Meet Dynamite
One doesn't "predict" what's already happened. To equivocate is to convey an unwarranted sense of complacency...the house has been packed full of dynamite by the same people who have no idea what's coming...
As expected, strong dollar and weak oil are not "helping" Emerging Markets which are making their next leg down following an a-b-c retracement: EM stocks with S&P 500: