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.
Thursday, September 29, 2016
Denialists Can't Afford To Be Wrong
Bailouts are considered anathema, and German officials in recent days have signaled an unwillingness to step in.
"The politicians in Germany aren't in position right now to do anything ahead of the election,"
The situation conjured dark images of the 2008 financial crisis — with the important caveat that the overall risks are nowhere near as great now as they were then.
Deutsche Bank weekly:
Global GDP (black) with S&P Earnings yield:
Two year Treasury with NYSE Composite
China (Shanghai, Aussie, Hong Kong) w/China GDP:
S&P downside gaps with Europe and Japan:
Skew / VIX ratio
Nasdaq 100 with new highs
Money Flow
Selling pressure
Amazon versus Sears, Deutsche Bank, US 10 Year, Trade, Junk bonds
Qualcomm
Canadian dollar with oil: