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.

Thursday, June 16, 2016

All Ponzi Schemes Collapse Suddenly And Violently

...with only three decades' notice...

Let's see, global risk off, global yields @500 year low, oil annihilation, and JPY carry trade obliteration. Dow up 100, aka. short-covering...

People think that I'm very good at spinning things bearishly. Suffice to say that when this all final implodes, they will say I was an optimist. Because there's no adequate way to describe history's most violent financial implosion, without any comparison. And there's no way to wake up stoned zombies. I've tried...

Ok, whatever...

Speaking of overnight risk...
These are S&P downside opening gaps...

You can't make this shit up...

And what else...

Regardless, VIX remains well-bid as here we see the S&P / VIX ratio...

Second derivative volatility
VVIX

Oil was monkey hammered again today...another day like this could wake up a stoned zombie...
3x leveraged oil

1x leveraged oil:

Oil versus Exxon
Really, what could go wrong?

Treasury yields

Deflation