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.
Sunday, April 22, 2018
A Consensual Collapse
This is where it gets interesting - we've never seen so many like-minded idiots in one place at one time. I'm looking forward to irrefutable proof that the Idiocracy exists. Forty years of failed Supply Side policy is all it took to convince them that it works. There's never been such extreme consensus on fake reflation as we are seeing right now. Unfortunately, outsourcing the economy for nine years straight and then raising interest rates at the end of the accompanying debt binge, is not "reflationary"...
Record dollar shorts
Record Treasury shorts
Record oil longs
Record stock margin
Suffice to say, one-sided gamblers can't afford to be wrong...
"...higher inflation is the consensus view of those sampled by Bank of America's latest monthly global fund manager survey, as net 82 percent of respondents earlier this month expect the core consumer price index to rise over the next year"
Despite the fact that there are a few more days left in April, I will take that bet, again.
"We've been waiting for inflation, literally, for the last nine years, since the recession ended in 2009. You could ask the question, 'Well, why now?...what's different today?'" He told CNBC he's been fielding more questions about risks surrounding inflation from his clients.
The answer can be found in a weak U.S. dollar"
The answer can be found in a weak dollar, which by sheer coincidence has been record shorted lower.