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Playing the Ponzi
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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... More
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Playing the Ponzi
  • FXI Approaching Resistance 0 comments
    Nov 30, 2012 10:55 AM | about stocks: FXI

    FXI, the China 25 ETF, is approach trendline resistance once again. A break to the upside would seem to be a pretty big deal as this pattern is 5+ years in the making. China has be under-performing world markets for over two years now. Maybe it's due for a breakout.

    (click to enlarge)

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: FXI
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