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.
Friday, June 24, 2016
Skynet System Test In Progress
As expected, Team Groupthink is buying the third wave down. Because Brexit is another buying opportunity...
The noose keeps getting tighter.
TRIN: Selling intensity
And what are they buying? What else?
Yield aka. dumb beta
Utility stocks are completing their blow-off top...