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.

Monday, June 6, 2016

All Ponzi Schemes Collapse Suddenly And Violently

This one will be no exception...

These are the two most crowded trades on the planet, this side of 3x leveraged oil: JPY Carry trade (red) versus Dumb Beta.

The carry trade is unwinding. While the risk trade is going ALL IN on dumb beta, amid collapsing payrolls. What else?

Currency is the trigger

3x leveraged oil is the accelerant...

Volatility is coiled to explode:
UVXY (2x leveraged volatility) SHORT volume

And global poverty/deflation is the fuse driving yields ever lower...

ZH: June 6, 2016
Developed World Bond Yields Plunge To Record Lows