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 27, 2016
LIQUIDATION SALE. Everything Must Go
Volumes are massive. No sign of panic. Yet...
Volume moving averages 90 day (blue). 10 day (red):
Goldman Sachs "Now this looks familiar. Don't tell me..."