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, September 23, 2016

"Fool Me 20 Times, Shame On Me"

CNBC: Sept. 23, 2016
Low Treasury Yields Are Good News for Stocks

Until they're not...

There are Wall Street whores, and then there's Jim Paulsen

ZH: Sept. 23, 2016
Deutsche Bank: It May Be Over For Bank of Japan. Stay Long JPY

aka. Short USDJPY

"It may be over for Deutsche Bank, stay short Deutsche Bank"

Speaking of Deutsche Bank

Data released this week by America’s Federal Deposit Insurance Corporation on capital-asset ratios suggested that Deutsche’s status as the riskiest of a score of big banks is worsening.

it's over for yield

Market Breadth

Internals

What happens when a bunch of fucking morons trust even bigger fucking morons...

i.e. How this was always going to end:

"No 'Conomy is good for stocks"