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, May 30, 2017
An Inconvenient Ground And Pound
Today's S&P ETF volume, within 1% of the S&P's all time high, was the lowest full day volume in over a decade. Now that's conviction...
"Wait, I thought Globalization was fixed. By cheap money for the gambling casino and Forrest Chump..."