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.
Thursday, March 5, 2015
Dow Theory Failure
Dow Transports peaked in November and have failed to confirm this week's Dow high
Close-up view of Transports
The Transports : Industrials Ratio
The Transports : Energy Sector Ratio
Three lower highs:
The real economy is rolling over. Growth and tech are holding up the market, deja vu of March 2000.
