Wednesday, November 26, 2014

Third World Convergence in Real-Time

The Buffoons Who Created this Fiasco Won't be the Ones to Fix It
ZH: November 26th, 2014
For some *unknown* reason, 0% interest rates still haven't fixed the problems caused by 1% interest rates

...And the $33 trillion of global stimulus was siphoned off into offshore bank accounts leaving nothing to show for it except more debt. All while Third World wage deflation continues to bury jobless "consumers", who are already buried in debt 

"No one saw that coming"
The Fed stopped buying Treasury bonds a month ago and yet yields keep falling. Below shows the massive and growing divergence between stocks and Treasury bonds. Despite $3.8 trillion in Quantitative Easing, Treasury yields are heading back down towards 2009/2012 levels with absolutely nothing to stop them from going lower:


One of these rising wedges is not like the other (anymore)
Crude Oil is also signalling a massive slowdown in global markets
Crude Oil versus Emerging Market stocks:


Central Banksters bailed out lenders by doubling the debts of borrowers. A "strategy" by and for morons.