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.

Wednesday, December 10, 2014

Meltdown Update

The 7th Hindenburg Omen. Oil down another 4%

Very likely the last Hindenburg Omen we see in this cycle, since New Highs are dwindling fast...

S&P Fractals: Closed on the lows of the day

We haven't seen this all year i.e. real selling is the highest since last January

Ratio of down/up volume:

The VIX is rising, finally reflecting the as-usual binary repricing of risk at the very last moment when it's far too late to hedge risk:

Canadian stocks at a critical juncture, revisiting the October lows:

THE LOCUS OF RISK
Junk bonds (high yield) getting annihilated - at two and a half year lows

Fracking ETF: Another dumbfuck idea with the shelf life of :15 minutes

United Airlines new all time high today. Up 65% since October

Apparently low oil prices trumps shitty food and unfriendly service

Treasuries continue to rally (not shown)