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, April 13, 2016
The Cycle Is Over
For the first time in seven years this fabrication has no leadership sector. The "defensive" recession stocks are rolling over with no place left to hide, except "cash"...
Today's short-covering rally is compliments of the cyclical "Buffett trade"