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.

Wednesday, November 21, 2018

Cold Turkey

Shorts are covering ahead of Black Thursday, formerly known as "Thanksgiving" - the day of (un)rest when "consumers" demonstrate their gratitude by grappling over the same foreign-made junk they can buy every other day of the year...

With every global bubble imploding at the same time, the stakes are high. Optimists see an impending rally similar to the one from last April. Realists, not so much...

Unlike the S&P above, the Nasdaq 100 already broke through the October low. And yet we see from volume that complacency has been growing with each leg lower:

Speaking of "consumers", the Consumer Discretionary sector, aka. Amazon, Home Depot, Nike etc. is at critical support ahead of Black Friday. And well below the 200 dma for the first time since 2016:

Global overnight risk keeps growing