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.
Wednesday, January 13, 2016
RISK OFF: Momentum Is Getting Monkey Hammered
You can't make this shit up: "At the end, Netflix dragged down the Dow..."
The leading growth stocks from 2015 are getting smoked...
Chinese small caps, with U.S. small caps in the background: "We're decoupled"