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, October 13, 2016
The Brexit Headfake Rally Is Over
Notwithstanding today's S&P gap fill and the backtest for dumb beta shown earlier, the technical damage is done...
The fourth retest of Brexit breakout level 2120 held. Today...
