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, January 16, 2015
Last Sector Standing
Which sector peaked this week? Hint it was the sector that peaked FIRST during the last bubble
Yes, homebuilders
Q: Why are they peaking now?
A: Because housing starts are finally back to 1960s recession levels i.e. when the U.S. population was 100 million less...
