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, July 18, 2017
Fake It To The Limit. One More Time...
What happens when you combine multi-decade low volatility with multi-decade low volume and global asset prices rolling over at cycle highs? We're about to find out...
