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, April 24, 2016
Atlas Shrugged. Indeed.
"Printing money to buy stocks was their secret to effortless wealth. Their only question was why no one had tried it sooner..."
"One minute I held the key
Next the walls were closed on me
And I discovered that my castles stand
Upon pillars of salt and pillars of sand"
S&P 500 (SPY ETF) versus Rest of the World
You have to ask? Friday, April 22nd
It was a Greater Tool's Market. Fear of missing out on collapse, was driving the market... Consumer staples with average U.S. stock (red). The inevitable convergence...
"You have to dance on the head of a pin, while the music's playing, otherwise you look like an idiot..."