Tuesday, August 30, 2016

Globalization: Highly Liquid. Totally Insolvent

A Ponzi scheme is a liability without an asset, which hides insolvency by using inbound liquidity, until everyone wants their money back at the same time. Then the con job is over..

As it was in 2008, global financials are rallying last...

Global Financials since last August:

Since 2008:

U.S. Banks

Royal Bank of Canada

World's most leveraged bank:

World's second most leveraged bank:

Asset Manager to Baby Boomers

And another...

Shouldn't Skynet peak last?

Retail is imploding...

So mind the Gap 'n Crap: