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, July 11, 2016
Denialistic Self-Implosion: "Buy The Fucking All Time Lie"
The only thing "confirming" the casino, are the dunces throwing money at it. And CNBS coordinating the momentum circle jerk... NO OTHER MAJOR RISK ASSET ON THE PLANET IS CONFIRMING.
It's easier to list what IS confirming this latest "New All Time High" than what isn't (at the sector level): Defense Stocks, Utilities, Staples and Municipal Bonds. First the "good news". What is confirming
Staples are confirming they are in 5th wave blow-off top, like last time...
Defense stocks, same thing, even deadlier than last time...
Utilities are likewise parabolic (Not shown)
The entire rest of the world...
Global yields, deflation, and GDP
The entire Nasdaq growth complex:
Oil and Energy stocks (shown) and of course all commodities
New 52 week highs
Risk allocation via Rydex
Option bets on systemic collapse aka. "Skew"
Last but not least, that "minor detail", corporate profits