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.

Friday, September 9, 2016

"What, Me Worry?"

Chinese Yuan is coming unglued. Oil is tanking. Yield is imploding. Sovereign bonds are "unwinding", mega-cap stocks getting hammered. S&P ETF volume was 3x the 10 day average...

ZH: Sept. 9, 2016
Complacency Is At An All Time Extreme

In other words, the last volatility cycle is in progress...

Momentum

Oil and junk bonds:

Look at the volatility pattern from 1987.

The Brexit rally was a bull trap aka. fifth wave overthrow. It's the market top equivalent of the Lehman low (March 2009)...

Doh!