Seeking Alpha

Playing the Ponzi

ABOUT
Why “Playing the Ponzi”? I view the entire monetary and financial system as something of a Ponzi scheme. Starting with currency that is created as debt, and running straight through a global economic model that is based on infinite growth in a finite world. This won’t end well. I’d go a step further and suggest that our materialistic value and belief system is another way in which we’re building castles on sand… but I digress. I view our financial markets as a casino, and frankly, I like gambling. I prefer technical analysis to fundamental analysis because I find the “behavioral” side of investing more interesting than longer term projections based on financial/numerical analysis. Pictures make more sense to me than ...More

See Seeking Alpha's policy on anonymous authors.

SNAPSHOT
  • Description: Independent trader. Trading frequency: Daily
  • Interests: Bonds, Commodities, Dividend stock ideas & income, ETFs, Energy stocks, Foreign stocks, Forex, Gold, Options, REITs, Stocks - long, Stocks - short
COMPANY
Currently, you have no company profile. Click edit to add a company profile.
BLOG
Playing the Ponzi The financial markets are a passionate hobby of mine. I think our financial system is in essence a giant Ponzi - currency that pretends to be an asset but is really debt, and an economic model built on a premise of infinite growth in a finite world. I don't think this will end well. But in the meantime, I ...More
Book
Currently, you have no book details. Click edit to add book details.
LATEST STOCKTALK more »
S&P Reversal On Cue $SPY, $SSO, $SDS http://seekingalpha.com/p/1oxk5 3 days ago