Ponzi World (Over 3 Billion NOT Served)

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 17, 2016

Wall Street Imploding: Biggest Short Squeeze Since Lehman

...was compliments of overleveraged hedge funds that are now imploding en masse...suffice to say today's "contrarian" action didn't help the rest of Team Groupthink...

ZH: Feb. 17, 2016
Quant Fund Carnage Deja Vu

Long/short hedge funds got obliterated today as their favourite shorts aka. cheap junk, got moonlaunched due to Quant Funds unwinding their short positions.

In other words, the biggest short-covering rally since Lehman was all junk that is now in no man's land ready to crash back to earth since there's no marginal buyer for this crap.

Junk miners (3 day rate of change lower pane)