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.
Tuesday, January 26, 2016
96% Short Covering
The fate of the stock market is tied to oil. What could go wrong? The latest fantasy, that OPEC and non-OPEC oil suppliers will cut back on production and go bankrupt sooner...
January 25th, 2016
It's called tying two rocks together to see if they float:
Exxon is the locus of perpetual short-covering:
One of these is not like the other Exxon with Crude oil: