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.

Monday, September 18, 2017

Moths To A Flame

Every risk factor has been construed as bullish. But don't take my word for it...

"Wall Street is expecting the Fed to announce the unwinding of its $4.5 trillion balance sheet"

The Fed is two for two, let's go for three...

Coiled volatility
EM blowoff
Big Cap tech meltdown
Bank short-covering
Fed balance sheet rolloff

What's not to like?

Among the most active major components of the ETF, Alibaba rose 1.3% while Baidu added 0.9%. Both stocks, along with many China-based technology names, have been major year-to-date gainers. Alibaba has more than doubled thus far this year.