Saturday, January 3, 2015

2014: $11 Trillion of "Stimulus" Straight Into Offshore Bank Accounts

The Global Casino was up 0% in 2014 despite $11 trillion in "Keynesian stimulus"


This is the biggest circle jerk in human history...
Global Dow close-up (0.6% gain to be exact):



The best performing casino of 2014 was Argentina's Merval
This country is notable for having the only sovereign default of 2014. The Merval gained 65% over the year, and at the peak was up 138%. You can't make this shit up...


The second highest gaining casino was the Shanghai Composite, up 58% on a full year basis. Apparently due to GDP growth coming in at a 25 year low.

Runners up: Bombay Sensex +33%. Karachi Pakistan +26%

Other Major Casinos:
U.S. Dow was up 7.5%
UK FTSE: -3%
Canadian Dow: +8%
German Dax: +1.7%

Worst Performing: Russia -45%

Global Dow (Incl. U.S.): 0%

Rest of World Combined (ex-U.S.): -4%

United States 30 Year Treasury (TLT): +28%

Gold: 0%

The psychopaths are running out of tricks