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 9, 2016

Truth and Consequences aka. RISK IS BINARY

Stoned gamblers have systematically ignored global risk...even as the conduit for transmitting global risk to the S&P - USDJPY - has continually diverged from U.S. stocks...

Overnight Risk Visualized:
Major declines in USDJPY are associated with progressively wider opening gaps in the S&P 500:

The red line is the 5 day moving average of S&P opening gaps. USDJPY is the black line...

Stocks versus Treasuries and USDJPY aka. "Global risk"

JPY Hourly

Truth and consequences
Only one of these will be right about global risk, and when I say "one", I mean Currency, yields, and deflation versus stocks

To be sure, Europe enjoys pounding the U.S. pre-market as well. Piling on when liquidity is thin...

The fate of Globalization rests with dumb beta and HFT...bet against Soros accordingly...