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Playing the Ponzi  

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

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  • Description: Occasional Investor. Trading frequency: Daily
  • Interests: Bonds, Commodities, Developed International Markets, Dividend stock ideas & income, ETFs, Energy stocks, Gold, Options, REITs, Stocks - long, Stocks - short
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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
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Market Fragility Returns $SPY, $SDS, $SSO Dec 15, 2014