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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
  • LQD Currently Testing Support Trend Line 0 comments
    Dec 7, 2012 10:36 AM | about stocks: LQD

    For quite a while now, corporate credit has been seen as a safe refuge in a world of ZIRP + elevated equity risk. The common and growing acceptance of that belief has led to a ramp across the board in corporate credit prices, including high grade credit as bundled in the LQD ETF. Well, LQD is currently testing the support trend line of a 1-2 year rising wedge.

    (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: LQD
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