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.
Friday, March 13, 2015
Sufficient Time + Sufficient Denial = Inevitable Collapse
NYSE New 52 week lows
Submerging Market stocks:
52 week range of average Dow stock:
NYSE Composite and % of stocks above 200 DMA:
Canadian Dollar:
Commodities, new low:
Got Fear?
Index Put/Call Ratio (Wall Street's hedging mechanism):
