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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Tuesday, March 1, 2016
Globalization Is Not "Cyclical"
The S&P back in 2014...forty global bear markets, IPO market effectively closed, Energy sector obliterated, Biotech and momentum monkey hammered, defensive stocks going parabolic, corporate profits falling faster than stocks first time ever, Treasury yields nearing all time lows, negative interest rates in Europe and Japan.
