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, November 3, 2016
The Idiocracy Is Bungee Jumping With A Noose
It turns out that Brexit was not a good reason to buy stocks...
Relative Strength is firmly in the Mega Crash zone:
VIX / Liquidity aka. No way out...
"What, me worry?"
Selling intensity (TRIN):
As long as restaurants hired a lot of workers ahead of the election, this will all be fine... "The LMCI is derived from a dynamic factor model that extracts the primary common variation from 19 labor market indicators."