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, May 11, 2016
Overlapping Lies. The Facade Is Crumbling
Retail annihilation circa 2008. Check.
European stock obliteration circa 2002 and 2008. Check.
Consumer staples DOUBLE overthrow. Check.
U.S. Treasuries going parabolic. Check.
Small caps with rate of change (red):
Nasdaq %of stocks above 200 dma
Wall Street broker/dealers
Oil with oil inventories (updated today):
Earnings yield (E/P):
JPY
World stocks
Berkshire
Option Skew
Internet stocks