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 13, 2018
Countdown To Implosion
The first two FOMC meetings this year led to massive selloffs. The third meeting (May 1) led to a brief selloff followed by a non-stop rally that has lasted until... Today Getting the casino exactly back to where it was the last time it imploded:
The S&P 500 peaked concurrent with China Tech in 2011, 2015, and so far...2018...