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, August 20, 2018

"Buy The Fucking Recession"

What happens when what the majority of gamblers have been led to believe, is the exact opposite of the truth? We're about to find out...

On the surface of the Dow Jones Illusional Average everything looks "fantastic". Beneath the surface, is a MASSIVE end-of-cycle short-covering rally, rotation into recession stocks, RISK OFF Tech, and nascent bond market rally. Good times...

MW: The Dow Just Registered Its Longest Correction In 60 Years

"This is NOT a bear market. It's just the longest correction ever"

Here we see the super-cycle short-covering rally, led by the most beaten down retailers:

A closer view of the index by itself, not as a ratio:

Healthcare is making a good (corrective) run, right?

Here we see the recession trade as a ratio of S&P over Utilities:

Record bets on fake reflation are getting crushed:

This is the reason why the Nasdaq fired off five Hindenburg Omens in the past two weeks:

New lows are expanding on every down day, despite the index still near all time highs

Stair-stepping lower to panic time:

Germany is the next shoe to drop

And the UK

In other words, the selling will take place overnight. How else?