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.

Friday, September 18, 2015

The Perfect Shit Storm

The modus operandi of the Idiocracy is to look at every issue in total isolation and pretend that all risks are uncorrelated, until a Black Swan flies up their ass...

An artificially levitated stock market with an 8 month momentum divergence.

China and Emerging Markets in meltdown mode

Global GDP growth falling

Commodity collapse

Only the third global carry trade unwind in 20 years

A peak in every risk market in the entire world

Multi-year breadth divergences

Minimal liquidity/De Facto Flash Crash

Massive selling on par with every other stock market "correction" of between -17% and -55%

Consumer sentiment peaked 8 months prior

Collapsing corporate profits and revenue

A totally bogus debt-sponsored "recovery"

Interest rates still at 0%

A clueless Fed considering raising interest rates at the end of the fake expansion

History's largest IPO lockup expiration (Alibaba. Sept. 19)

Mass complacency