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, January 27, 2017
The Law of Unintended Circus Clowns
Forrest Trump just imploded the U.S. economy. Shit happens... Trump wants GDP of 4%, so he's only off by 100% on a relative basis. Apparently quantitative tightening (higher bond yields) and strong dollar are not conducive to economic growth. Who knew?
Caution: Quantitative tightening in progress. Don't try this at home...