ZEROS

Chinese market was off almost 3% overnight, seems like there is a slowing in their economy...what a surprise.

But don't worry here, FED meeting and rate decision today, and seeing as how everything the FED has already done has worked so well, surely stock bulls will be encouraged if they say they will do more....some suggest they just "add some ZEROS to bank reserves"

Keep in mind, now everyone is sure the $ is going to 0, and talk of deflation is commonplace......this sets up a contrarian rally in both( $ and Yields)

SO many taxes and costs, make it prohibitive for employers to ADD new employees.

Descelerating economy 100% addicted to gov stimulus, businesses not hiring, housing not reviving even in face of record low interest rates, possibility of tax increases, distinct change in Consumer behavior with savings rates rising, still have stock outflows and bond inflows (who is buying stocks and contributing to rally?)......we have a secular theme, we have STRUCTURAL problems that are NOT being dealt with.....with structural solutions....and the band played on.
*($ rallied overnight, oil fell back below $80)
D