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.
Friday, November 4, 2016
"This Is NOT The Big Short"
"This is the big long..."
Chart of the week: VIX / Cash balances aka. "Buy and implode" Never before have so many taken so much risk for no fucking reason...
"Because we're owed another eight year rally"
As long as the buyers show up on Monday, this will all be fine...