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.
Sunday, February 12, 2017
"Good News, We Have Now Reached Terminal Idiocracy"
Once again, as painful as it is to admit, Prechter was right. This is all 100% manic social mood going late stage fully insane... "Sit back, relax, and enjoy the flight"
At this latest juncture, U.S. stocks are aligned against literally every major asset class, and macro data point including:
Rest of World stocks
U.S. deficit/honest GDP
And yet, I recall for some also inexplicable reason that speculators went late stage insane back in 2008 amid all of that turmoil as well. As if they were "owed" some sort of rally regardless of impending collapse.
I showed a few posts ago the manic reach for speculative stocks such as cannabis stocks, junk semiconductors, internet stocks, Netflix etc. Micro cap stocks are the smallest most speculative penny stocks in the entire market. Therefore, this is the micro cap stock index as a ratio of the S&P 500 with Ameritrade (black):