Saturday, May 28, 2016

The Biggest Ponzi Scheme: 100% Bought In And Sold Out

PhDs are just figuring out what we've been saying since 2006, and others long before that...

IMF this week:

"Instead of delivering growth, some neoliberal policies have increased inequality, in turn jeopardizing durable expansion"

"In addition to raising the odds of a crash, financial openness has distributional effects, appreciably raising inequality"

Every bubble is attended by mass delusion. And Globalization is the biggest bubble in human history without any comparison. Therefore it should come as no surprise that mass delusion is rampant.

Those who can't see the bubble, are the fucking bubble...

Wall Street

"Global hot money significantly raises the odds of a financial crash..." 

"Faux News never told me this was a Ponzi scheme"