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
Globalization Is 100% Correlated. To The Downside.
The rest of the world and small caps are playing catch-up to the U.S. mega-cap indices. And of course, "smart beta" aka. dividend stocks are becoming ever more crowded... June 6, 2016
Some of us have seen this movie before, and actually remember the ending. It's called short-covering and it comes right before the crash...