Sunday, April 13, 2014

MONDAY 4/14/14; C; Retail Sales; Business Inventories; ECB Stimulus Talk Boosts Markets

Australia considers raising the pension age breaking the promise during elections. Treasury official Joe Hockey says “all Australians must share the pain.” Aussie Dollar 0.9384. Coca-Cola Amatil, the KO arm in Australia, plunges -3% after a JPM downgrade adding to a -12% drop on Friday. The Korean Won weakens and Asia begins trading on a sour note. Industrials and raw materials are weak. Singapore Q1 GDP is 5.1% lower than expected.















[Text is Redacted: Purchase April 2014-04 to Read the Complete Chronology]





The worlds wealthy, made wealthier by the central bank policies, continue to buy expensive real estate, art, collectibles and vintage cars while the common person suffers with structural unemployment. Two homes are purchased in the US in excess of $100 million each which has never happened before. The Airbnb home-sharing service receives additional bad press as prostitutes are using many of the available apartments for sexual escapades and orgies. The Airbnb houses and apartments are far cheaper than renting hotel rooms. The owners are returning to their homes finding condoms, baby wipes and other remnants of the sexual parties and encounters strewn across the rooms.

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