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.
Thursday, May 4, 2017
CAUTION: FedPlosion In Progress
There goes the S&P 500's forward earnings forecast for the entire year...
U.S. Oil ETF
It's called "BTFD". Meaning, always assume there's a bigger dunce than the one looking back in the mirror... Any questions?