Wednesday, January 20, 2016

The Arc of the Idiocracy

Originally, Ponzi schemes consisted of paying people back with their own money.

However, the Idiocracy took Ponzi to all new levels of asinine. What I call, the arc of the Idiocracy...

The same arc can be observed in many forms...

Global Macro: All new lows
Canadian dollar, all commodities, EM currencies, EM Debt 

Canadian stocks are in free-fall