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.
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Sunday, September 27, 2015
BANANA REPUBLIC RISK: Liquidity Lower Than 2008
In the context of a clueless Fed worried about a future bubble in stocks, it's important to realize that current average liquidity is already Banana Republic quality. Lower than 2008, but '1' better than Lord of the Flies... Via: https://twitter.com/nanexllc
The average S&P stock (red) with interest rates (black):
This leg down is a Third Wave at all degrees of trend...I said that a week ago post-FOMC (point 'c'), and the S&P only lost 110 points (-5.5%). This time I mean it...
