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.
Saturday, March 11, 2017
Countdown To FedPlosion 2017
Sovereign Bonds Municipal Bonds Junk bonds Oil/Nat Gas/Gasoline Commodities Precious Metals Bitcoin EM Stocks Rest of World Carry Trades Energy stocks Small Caps/Junk stocks Retail stocks IPOs There is only one thing holding up the casino right now... Large cap Equal weight/cap weight S&P:
The fool? Or the one that follows again, and again, and again...