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, June 21, 2017
All Hail Corruption
Gamblers are crowding into the riskiest casino stocks at the end of the cycle... New lows > new highs...
The S&P was flat on the day:
Ending right at the election trendline:
First, the riskiest sector is now leading on news that Trump is going to renege on another campaign promise:
Almost three calls have traded for every put that bets on a decline. A ratio that lopsided was last seen in July 2005
After threatening to give government more negotiating power over drug costs and accusing manufacturers of “getting away with murder,” President Donald Trump is expected to settle for an executive order that will be “constructive” "Thanks Donny"
The Bitcoin count still looks right, with a head and shoulders top one month in the making:
Oil is at a 10 month low, totally ignored by casino gamblers: