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, February 3, 2016
Extend and Pretend to the End
Faking it was all they had left... Speaking out of school, Fed member Bill Dudley just telegraphed to Wall Street that the rate cycle is over:
"Yay, time to buy more stocks"
"Good job everybody"
1 Year:30 year yield ratio with Fed Funds rate:
52 week range of average stock (red) with Fed policy