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, May 22, 2016

The Hardest Landing: Momentum Is To The Downside

Throughout this era the noose has gotten tighter and tighter, but the attention deficit Idiocracy mistook 0% as a sign that risk is low, when it's the most blatant sign of collapse. Faith in Central Banks is 100%...

Survivor Bias
The gamblers who have survived thus far have taken the most market risk (Beta). Whereas the most active managers have been systematically obliterated. Now today's perma-bulls are lazy about collapse - They don't look for something they don't want to see coming...

The last crowded, massively over-owned risk assets are ready to fall HARD...

aka. "Yield"

Steeper and steeper...
Global Dow