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, December 13, 2016
Get Ready For Blastoff
This is going to be very interesting. Can the bulls close the Dow over 20,000 by buying stocks ahead of a Fed rate hike, with Financials having their biggest melt-up ever?
Or, will Icarus implode en route? Dow with Rest of the World: