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, November 17, 2016

The Last Temptation Of Wall Street

The gap between the casino and the 'Conomy has never been wider. Truly a generation of moronic gamblers and liquidators with no fucking clue about anything else...

"Get in while you still can..."
Schwab retail brokerage:

There have been reflationary false dawns at the end of each of the past two, now three, economic cycles. Each one exhibited a ramp in bond yields, a selloff in defensive stocks, Nasdaq underperformance, cyclical outperformance, manic short-covering, irrational exuberance and financial stock blow-off...

Each false dawn was the last chance to get out, somewhat misrepresented as the last chance to get in...

One year treasury yields:

Banks (red) with USDJPY (carry currency):

USDJPY with S&P: