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, October 6, 2016
"They Bet It All On The Jobless Consumer"
Because no one told them that no such thing exists outside of Free Trade agreements and classrooms...
Speaking of jobless consumers, shorts are covering ahead of tomorrow's jobless report...
5 waves down, 3 waves up on every timescale aka. 1s and 2s, heading for 3rd wave down at all degrees of trend...
Kiss goodbye