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

Prepare For Lift-Off aka. The Conspiracy Of Dunces

This shall be cataclysmic...

Realized volatility (weekly):

Junk bonds and interest rates (log scale):

Global macro (weekly):
Canadian dollar, new low
Oil new low
Commodities, new low
EM Debt, new low
U.S. deflation (at prior lows)
EM Currencies, new low
Junk bonds, new low (not shown)
Leveraged loans, new low (not shown)...

The week that was... ignored