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.
Monday, October 17, 2016
"Buy The Fucking Brexit"
We've never seen this before... Market breadth is falling off a cliff as the average stock gets bludgeoned... The last time breadth was this bad, the S&P was 200 points lower (circled):
