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.
Sunday, February 28, 2016
2008 Monkey Hammered Globalization. This Will Kill It.
Global Dow with Commodities in background Each 2nd wave bounce is weaker and shorter...
This latest bounce is well below the August low (S&P in black):