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.
Tuesday, March 28, 2017
The Fed Is Boxed In By Bullshit
The Fed can continue their current course of raising interest rates imploding the economy and forcing the slow motion unwind of the reflation trade OR they can ratchet back tightening expectations which will bring about the instantaneous implosion of the reflation trade. They are now boxed in by their own lies and b.s along with unprecedented amounts of capital...
Stocks to bond rotation is well underway, so any attempt by the Fed to take their foot off the peddle will cause this to accelerate, as bonds sense lower interest rates:
They've done their best to implode Commodities, Oil, and Junk bonds:
Slow motion Financials implosion well underway: Rydex banking stock allocation:
Skynet is now hiding in the world's largest stock by market cap: