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.

Sunday, April 3, 2016

ALL IN On Exceptional Bullshit

It's called "Globalization" for a reason...ALL global risk assets OR the S&P 500...

Factset April 1, 2016
Largest Drop in S&P 500 EPS Estimate During a Quarter since Q1 2009

7 out of 10 sectors now have negative earnings growth...

European Stoxx Composite (600 stocks from 18 countries): -19%

S&P 500 (black): -3%

France CAC: All roads lead to the bottom of the same hill...

Where to go when Globalization is collapsing: