Saturday, April 30, 2016

MAYDAY

This era is doing to capital what 2008 did to labour...

The story of this entire era is capital attempting to monetize poverty at 0%. A zero sum game, rotating between asset classes until there was nowhere left to hide...

To be sure, it took a while for reality to catch up with the *free* trade free lunch club:



(VOLUME + VOLATILITY + COMPLACENCY) - LIQUIDITY = PANIC

Deflation with oil


The Oracle of Omaha is dispensing wisdom today:
"Folks, let's be honest, the secret to effortless wealth is printing money"




Nowhere left to hide...



Dead Presidents