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.

Tuesday, September 6, 2016

The Low Volatility Mass Delusion

Unfortunately, low volatility has been misconstrued as low risk. And that's not always the case in life nor markets...

Realized volatility is the lowest in at least 20 years. Prior low was the May 2015 market high:

Bollinger Band width (6 weeks, 2 standard deviations):

On a related note, oil is tracing out the exact same fractal as last year and by coincidence is at the exact same level. One difference, this move lower is occurring twice as fast...

You don't have to be a fucking genius to figure out how this ends...

"Getting in was easy"