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.

Tuesday, November 1, 2016

"No Zombie Saw That Coming"

This wasn't supposed to happen - "the best 24 hours of the year" are turning into an unhedged bloodbath. All because gamblers covered their shorts ahead of the Fed and hence ahead of the election. Last night's Bank of Japan gong show served to weaken USDJPY, which portends badly for tomorrow. Because regardless of what the Fed decides, the dollar and financials are already priced for a rate hike, meaning carry trades and financials will get monkey hammered after the decision. Which, as usual, is not priced in...

Speaking of which: