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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