Ponzi World (Over 3 Billion NOT Served)

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.

Wednesday, May 3, 2017

Ignorance x Arrogance = "Aw Fuck, Not This Again!"

The only large scale gamblers who actually believe Trump right now are the the most important ones - the U.S. Fed...

Yellen & Co, came out today on the hawkish side, dismissing recent weak data as "transitory".

Unfortunately, it comes down to who do we trust?

Treasury bonds, oil, copper, precious metals, agricultural commodities, retail, transports, Q1 GDP, loan data, banks, recession stocks and corporate insiders.

Or the Fed's Magic 8 ball?

Yield curve flattener:

Banks and the dollar garnered the only bid today due to the hawkish Fed, however, dollar gamblers will have to contend with sinking long bond yields...

Or as I call it "overnight risk"

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