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, January 29, 2015

Another Pump and Dump

Alibaba took Etraders for the usual ride and is now back below the first day IPO price

CNBC: Jan. 29, 2015

Alibaba plunges on better than expected earnings

"Alibaba said revenue rose 40 percent to $4.22 billion, but missed the average estimate of $4.45 billion"

"Alibaba did post better-than-expected third-quarter earnings excluding items of 81 cents a share."

Earnings beat, revenue growth miss. Sounds familiar...

Good times in the casino-formerly-known-as-the-economy