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.

Saturday, March 19, 2016

Liquidation Phase: Team Groupthink Imploding

Add hedge fund redemptions to the list of sellers. End of quarter is in two weeks...

Central Banks have made it "impossible" to hedge for anyone marked to market aka. "Wall Street"...

From bad:

"Redemptions in January were the worst since January 2009."

To worse:

ZH: Mar. 19, 2016

"Nobody Is Making Money"

"as of this moment the Goldman Sachs Hedge Fund index which tracks the performance of these "most popular" among hedge fund stocks, has never been lower despite the dramatic rebound in the broad market!"

Pershing Square (Bill Ackman's hedge fund)

All of which puts this into perspective:

Option skew: bets on a crash...