Friday, April 17, 2015

The Madoff Moment

The Idiocracy is not defined by hard questions that are not answered, it's defined by hard questions that aren't even asked.

Unasked question of the week:

If China GDP growth is currently at a 25 year low with stock euphoria at a 7 year high. What does that portend for demand when gambling Chinese housewives realize they just lost the life savings? Like the rest of the world, Chinese stocks will be chasing GDP lower.

We are witnessing the Madoff Moment, coalescing in real time.