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.

Thursday, December 14, 2017

Naughty Or Nice?

I think we all see where I'm going with this...

The S&P just hit the third multiple of 666 since 2009. Which was impeccably timed by the AntiChrist-in-chief:

Indeed.

Despite the nomenclature, shorting volatility is of course an inherently long RISK position. It's an overwhelming endorsement in the continuation of Ponzi status quo. A bet on the never-ending greater fool to follow. Bernie Madoff believed the exact same thing when he was arrested during this same week in 2008. Just like today's gamblers, Madoff's investors never once questioned how returns could be so high and volatility could be so low.

Speaking of the Big Long, record high risk exposure by active managers, this week:

Caught between the Scylla and Charybdis of dumb and dumber:

Casino crash risk is also reaching an extreme this week:

Momentum is getting pole axed again:

China Tech is primed for overnight implosion:

The Military Industrial Complex is disappointed that WWIII hasn't broken out yet...

Financials have lost their bid since the Fed meeting yesterday:

Bueller?

Mind the gaps: