Obama's pseudo-recovery was all borrowed money
GDP less Deficit:
Fed Funds Rate
"Who needs 'Conomy when we have stocks?"
Two year yield
ZH: July 30, 2016
In 50 years this has never failed to trigger a bear market...
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.