TUESDAY 4/22/14; Existing Home Sales; 2-Year Note Auction; MCD; UTX; T; GILD; YUM

Australia returns from the Easter holiday and the ASX 200 pops +0.5%. The dollar/yen is 102.51. The NIKK drops -0.9%. Japanese banks drop from -1% to -3%.

China is cutting the triple R’s on Friday for the rural areas which creates a positive mood. The banks will not have to keep as much cash on hand so lending can be increased. Property stocks run higher. China Premier Xi will not cap medicine prices as originally planned. China Resources Group Chairman Song Lin is fired and the associated enterprise, power and cement companies plummet form -3% to -10%. China Mobile misses on earnings with lower profits. The WB IPO is up +33% since its debut last week and the CEO says the shares were priced too low for the offering. Weibo is the Twitter of China.SSEC +0.3%. The Chinese Yuan is at the weakest level against the US Dollar in one year.

Vice president Biden is in meetings in Kiev, Ukraine, offering a paltry $50 million in aid. Ukraine will need near $50 billion to right its economic ship. 






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

Homeland Security orders 25 million shotgun shells to be delivered over the next five years. All branches of the Federal government continue to weaponize and order huge lots of ammunition. A standing order of over 700 million rounds of ammunition to be delivered to the US government over the next three years remains in place. What does the government know that no one else knows? Is it an external or internal fear that causes taxpayer money to be spent on mountains of guns and ammunition?

22 million young adults are living with their parents the highest numbers in history. These young folks are victims of the economic malaise caused by the housing, banking and financial crisis that ruptured in 2006-2009. The young folks have hopes and dreams of marrying and forming a family but they have no money, there are very few job opportunities and at the same time they are straddled with huge student debt. Adults are marrying at the latest and oldest ages in history. The average student is stuck with $27K of debt. At least Ma and Pa has someone to take the garbage out and cut the grass. The structural unemployment in America will create economic problems for years to come.