Casino gamblers went ALL IN to monetize poverty this week. They will now learn the hard way that Globalization is a zero sum game...
These are the RISK factors that EXCEED September 2008, Lehman moment levels i.e. going into Lehman, global risks were nowhere near as high as they are right now:
Global GDP
Global Trade
Global debt
Global Deflation
Global interest rates
Chinese Yuan collapse
JPY global carry unwind
Rest of world stocks
European stocks
Japanese stocks
Chinese stocks
Oil
Commodities
Corporate Profits
Junk Bonds
Small Caps
Energy sector
Global Financials
U.S. Financials
European Banks
Retail
Biotech
Construction
Transports
Airlines
IPOs
Federal Funds Rate
Inventories
Labor market conditions
U.S. GDP ex-Deficit
Nasdaq
Capacity Utilization
This week saw a colossal Dow Theory divergence between the Industrials (black) making a new high versus the Transports. All due to the doomed-to-fail global hunt for "yield"...
Poverty is not as profitable as it used to be...
"I'm rich!!!"
