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.

Thursday, April 14, 2016

Oil Hopium Springs Eternal

Today's rally is compliments of the IEA saying that the supply / demand gap is closing due to shale oil production coming offline. Production has come down slightly, but due to seasonal fluctuations in both production and demand, the persistent glut of oil can most objectively be viewed in terms of "days supply"...

https://www.eia.gov/petroleum/weekly/

And investment positioning can be viewed relative to futures net long...

And as far as shale going offline...