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.

Friday, December 11, 2015

Liquidation Mode

Hourly stock volume (SPY) is currently 2x the 10 day average. Junk bond volume is 3x average. And leveraged loan ETF volume is 4x average.

Junk bonds:

Leveraged loans

"New York-based Third Avenue Management is blocking investors from withdrawing their money from a near $1 billion junk bond fund as it tries to liquidate the fund in the biggest failure in the U.S. mutual fund industry since the Primary Reserve Fund "broke the buck" during the 2008 financial crisis."

Dollar / Yen:

All exits from the Hotel Californication are now closed

http://www.nanex.net/NxResearch/NxLiquidity/