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.
Sunday, July 24, 2016
Appetite For Self-Destruction
In addition to watching left-for-dead retail stocks dead cat bouncing, one never wants to see left-for-dead IPO stocks leading the market...
First off, IPO year-to-date proceeds are at their lowest level in decades...
