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.

Thursday, August 25, 2016

Globalization: Fun, Games And Competitive Debasement

Tomorrow, trillions of gambling capital will get reallocated based upon what Janet Yellen says. After tomorrow, reality will resume where it left off...

Asinine levels of risk:

All time extreme complacency

All time low cash balances

Blow-off in junk risk assets (IPOs, Biotech, Small Cap growth)

U.S. GDP ex-deficit, lowest since 2009

U.S. oil and gas combined inventories all time highs

Retail inventories all time highs

Fed policy clusterfucked at 0%

ECB, BOJ, PBOC engaged in competitive debasement

Retail and dollar stores imploding

Transports not diverging massively

Rest of world diverging massively

Retail has had a big week, as the cyclical trade rolls over...