.
Income Inequality
.
.
“2009-2010, the top 1%
.
of US income earners captured
.
93% of the income growth”
.

.
.
.
“America has become a country
.
not “with justice for all,”
.
but rather with favoritism for the rich
,
and justice for those who can afford it
,
– so evident in the foreclosure crisis,
,
in which the big banks believed
.
that they were too big not only to fail,
.
but also to be held accountable.”
.
.
Nobel Prize Winner
.
.
.
******************
.
.
Yankee Bob’s
.

.
The Rifleman, the Virginian, Bonanza, The Big Valley or a number of other Westerns, where a small town where a small town newspaper editor, by himself would take on and defeat Big Vested interests…
.
.
.
********************
.
.
.
Please, Just do what

Ronald Reagan did & his top

economist Milton Friedman

recommends – Stimulate
.
.
LINK to Krugman editorial
.
(See Monday’s 411 for Friedman recommendation)
.
.
The Money Quote
.
.
“As many economists have pointed out,
.
America is currently suffering from
.
a classic case of
.
debt deflation:
all across the economy people are
.
trying to pay down debt by
.
slashing spending,
.
but, in so doing,
.
they are causing a depression
.
that makes their debt problems
.
even worse.”
.
.
******************
.
China’s Growth
.
.

.
.
6 Charts all showing

a slowdown

in China’s Growth

(See Link above for more)

.
Across the world

when Economic times get tough

You do NOT impose

AUSTERITY

You STIMULATE the Economy
.
Exception -

USA’s Right wing austerity dogma
.

  • Major news from China is surprise [STIMULUS] interest rate cut. Short term juice for stocks but Long term = Chinese economic slowdownBearish
  • Repeat – “411 currently uses the yield of the 10 year Spanish bond as a leading indicator of market direction – Our canary in a Coal mine. - Bond yield up= stocks down”

Past quote on

Long Term Outlook

.

“No changes in LTO considered

till Spanish bonds at least close

below at 6.25%.

.

  • Let’s have  at least a 3 to 5 days of yields remaining below 6.25% before we upgrade to NEUTRAL.
  • The ugly Fundamental reality in Europe can overwhelm Central Bank intervention/manipulation.

.

Longer Term Outlook

3 months+

.

CAUTIOUSLY BEARISH/

NEUTRAL

.

AS ALWAYS, DO YOUR OWN RESEARCH BEFORE INVESTING

ALL TRADING INVOLVES RISK & POTENTIAL LOSS OF PRINCIPLE

CHECK ALL DATA, I MAKE MORE THAN GRAMMAR  ERRORS.

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