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.

Saturday, December 19, 2015

Terminal Idiocracy: The Hardest Landing

The psychopaths bought into their imaginary recovery this week, with the first interest rate hike since 2006. Skynet stopped out shorts on Wednesday and then stocks, bond yields, and commodities fell hard Thursday and Friday...

"QE4 will fix this..."

Stocks:

52 week range of average S&P stock:

Treasury Bonds (yields):

Junk bonds and interest rates (log scale)

"They were well stocked for the holidays. For the next decade..."
Inventories - sales

Global Macro
Canadian dollar, U.S. deflation, Emerging Market currencies, EM debt, commodities: