SATURDAY 5/10/14

China’s PBOC Governor Zhou Xiaochuan comments on the expectation that the central bank will provide more stimulus, especially a relaxation of the triple R requirements (the amount of money a bank must maintain in reserves), saying China has no plans to implement any large-scale stimulus programs. This news is a nasty surprise in trader’s Cheerio’s this morning. Global investors are expecting continued stimulus from the PBOC. China is placing more concern on the long term rather than short term fixes but they must weigh the problem of growing unemployment and food inflation. Food inflation occurred and resulted in the downfall of all Chinese dynasties throughout history.

[Text is Redacted: Purchase May 2014-05 to Read the Complete Chronology]

The Times, WSJ and 247wallst.com publish a list of the best-selling products of all time in order from one through ten; PlayStation, Lipitor, Corolla, Star Wars, iPad, Mario Brothers Franchise, Michael Jackson’s Thriller, Harry Potter, iPhone, and the Rubik’s Cube. This creates an image of America as folks hooked on prescription meds while playing video games, watching movies, listening to music and talking on the phone. They prefer to drive Toyota’s and place a Rubik’s Cube on the end table to impress guests. Mom’s everywhere should have a happy Mother’s Day tomorrow since TIF had a good week gaining +0.5%. Lots of little blue boxes must be planned as gifts.