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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Saturday, November 14, 2015
Flash Crash 2.0: Primed For Meltdown
In a nutshell, the market is right back to where it was just prior to the August Flash Crash...Except it's far weaker than it was back then... Ding, ding, ding "I wonder if that's significant..."
Another close at the lows of the day
Green arrows are open gaps. Black arrows are filled
Daily S&P: Below year ago levels "The whole charade ended when a few McJobs showed up"...
Dollar Yen is outperforming the S&P. So far... Dollar Yen aka. "Overnight Risk"
