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, February 12, 2016
All Shorts Must Cover Prior To Collapse
Wall Street is covering ahead of the long weekend, because option decay (theta) accelerates over long weekends. They don't want to take a hit to the P&L, and anyways it's "other peoples' money"... ZH: Feb. 12, 2016 Biggest % Oil Rally Since 2009
Oil volatility just closed at the high of the week (Today's close):
Here is the volume from the oil ETF overlaid with End of Day WTI prices. Intra-day, WTI bounced from $26 yesterday to $29 today.