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.
Tuesday, July 26, 2016
EXTREME RISK. EXTREME COMPLACENCY
A testament to the power of Central Banks to sponsor collapse in broad daylight... The VIX is at last August levels, while the World ex-U.S. is -11% lower. Global GDP is lower, U.S. GDP is lower, oil is lower, trade is lower, profits lower, carry currency lower... World Stocks ex-U.S. with Global GDP, and VIX