Wednesday, November 5, 2014

The Minsky Cycle

The Canadian Dollar, Oil and Russian Ruble are all at new multi-year lows this week
The Russian sanctions are starting to boomerang back to the Globalized Ponzi scheme some euphemistically call the "Economy". Today's policy dunces will realize far too late that Globalization has massively correlated all economies. Or didn't we remember that from 2013 when Cyprus, an island state of a million people, nearly defaulted?

Global Macro
Canadian Dollar, Russian Stocks, Crude Oil, Copper:


I knew I had seen that shape somewhere


I was asking for a "sign", but all I got was the inconvenient truth staring me in the face.