BDI swooned, CHina slowing, demand for commodities slowing, prices receding to follow. Consumer spending collapsing. Ability to fund consumption from rising home values vanishing. Speculators stuck with inventory they cant sell. 70% already own.CNBC jackles sputter "we are becoming more competitive.....businesses will spend (tech) to increase productivity which is booming". cyclical bull 41 months old. deficits out of control, if Bernanke does as many think, the US $$ will be decimated, assets will plummet, int rates will sky rocket (why I wont touch high yields nor treasuries). RATES have been HELD low below inflation and mkt by manipulation. CHinese already stopped buying. Iran OIL/EURO will CURB demand for US $$$ IS THIS WHY M3 EXPLODING? CAN FED PRINT AT WILL??? setting up dollar tsunami. BDI shipping rates swooning is DIRECT result of lessening in demand.PERIOD.
RECORD bullish readings near 70% for 3 week mkt vane (EWT) 18 yr high.Home equity was 40% of 2004 GDP (Privateer)
$50 Trillion unfunded liabilities means NO NEW TAXES to pay for this, who then how?
DURATEK, DAY OF RECKONING APPROACHING
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