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.
Monday, January 30, 2017
A Clown Too Far
The last emperor, Circus Clownius
Conned by Social Mood aka. 'Greed' again...
Any questions?
Dollar shorts are cautious right now because the BOJ wraps up tonight. By tomorrow it could get real ugly since no one is hedged ahead of the Fed on Wednesday...
Russell / Dow ratio with JPY
RISK OFF has now arrived...
SMASH CRASH is base case scenario...
the rally also reflects expectations that Trump will roll back regulations across the industry"
Global Financials
2010