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.

Friday, May 6, 2016

Rotation to Annihilation

More crowding into value stocks this week as the rotation out of growth continued...

This chart sums it up: Small cap value

Growth/value ratio:

"Hiding" in 50 P/E beer stocks. What could go wrong?

Zuckerberg Shrugged

Of course, Facebook is the last growth stock still standing...in what can only be described as history's largest rising wedge...

Dead Presidents (Financials) had a bad week as the chart expected...

Mind the Gap 'n Crap
Retail is getting hammered...

Municipal bonds shrugged off the Puerto Rico default...

The Dow is king shit of turd island...

Global markets 6 year rate of return

I was wrong, the Nikkei was only closed Tues-Thursday, but still managed to lose -3% on the week. I'm sure that doesn't portend badly for next week...

World ex-U.S. the next leg down began this week...