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, August 12, 2016

Just A Wafer Thin Mega Crash From All Time Highs

Exactly one year ago, China "surprise" devalued the Yuan by a large overnight amount, sending shockwaves across all global risk assets. Another shock in January. An entire year of risk has been ignored. Forced short-covering and volatility collapse (mass complacency) has forced gamblers out to the farthest point on the risk curve...

U.S. Mega cap stocks are at all time highs unattended by Transports, Financials, Retail, Energy, Biotech, IPOs, Resources, Automakers, Homebuilders, Cyclicals, the rest of the World, Global GDP...And the average U.S. stock: