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.
Sunday, August 28, 2016
Trapped In The Temple of MORE...
ZH: August 28, 2016
Hedge Funds Are ALL IN
"So with volatility at near record low levels, stock-picking virtually impossible, and hedge funds underperforming every other asset class, what do they do? Why go all in, of course: recall that year-end bonuses are due in just 4 months, and as of this moment they are not looking good."