Ponzi World (Over 3 Billion NOT Served)

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 12, 2016

Smash Crash On Deck

4x Overvalued "Leadership" is rolling over at all time highs.

Speaking of leadership, yesterday I surmised what would happen to stocks when long-term bonds rolled over.

Now one day later, U.S. Treasuries are having their worst day in weeks.

This is the TLT (black) with the leading stock sector, Utilities. So we're about to find out...

Volatility is rising...

Global Dow:

Small caps are "catching up"...

aka. final short-covering

JPY shorts are covering as well giving S&P futures a bid...

And oil. Fourth short-covering rally in a month...