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.
Tuesday, November 15, 2016
OVERNIGHT RISK. Has Never Been Higher
It's very appropriate that this Ponzi scheme now hinges soely upon fake-believe in the eight year Obama liecovery... Now that shorts have covered and gamblers are ALL IN, this rally running on fumes is wholly dependent upon the dollar inbound carry trade: Any questions?
The dollar is in blow-off mode:
2x Dollar ETF UUP, up and away...
Which in turn is predicated upon the usual recovery fantasy...
Fake-believe is at a one year high:
1 Year Treasury yield:
While stoned zombies wait patiently for the 'Conomy to float back from China: