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.
Monday, May 16, 2016
Oil Has Decoupled From Reality
Today's short-covering rally was compliments of small caps, Apple, and oil... The correlation between oil and stocks has largely broken down over the past three weeks:
I'm not a believer in this fantasy, and neither is volume... U.S. Oil ETF: