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.
Wednesday, December 14, 2016
"HOUSTON, WE HAVE IGNITION"
The Fed raised forward guidance for 2017 to three rate hikes. Dollar and Financials up. EVERYTHING else down...
Oil and Emerging Markets getting monkey hammered
Liquidity as of an hour after the FOMC release:
"Is this bad?"
Russell 2000 long futures positions
Equity Call / Put Ratio
Wilshire / Dow ratio: