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, December 7, 2015
"Full Speed Ahead: Corruption As Usual"
"At the end, the psychopaths believed their own hubristic bullshit"
Junk Bonds (red) with 1 Year Treasury Yields (log scale)
Nasdaq with Commodities aka. "Black Swan event"
Heaviest ever option bets on a crash continue Skew 40 day moving average