FRIDAY 12/12/14; China Industrial Production; Russian Ruble Collapses; IEA Cuts Oil Demand Forecast; Oil Collapses; German Bund Record Low Yield 0.618%; PPI (Producer Price Index); Consumer Sentiment at Eight-Year High; European Indexes are Crushed; Greece Crashes this Week; US Stocks Collapse

Bad news is good news in the modern day central bank-controlled markets. China industrial production is up +7.2% but misses expectations at +7.5% and is lower than last month’s +7.7%. Retail sales bump a touch higher to +11.7% year over year. Fixed asset investment over the last year is up nearly +16% meeting expectations. Traders cheer the weak industrial production data since the PBOC will have to provide more stimulus that will pump the stock market higher. The PBOC will provide further rate cuts and triple R cuts in 2015 so traders are eager to buy stocks. What a twisted world the central bankers have created. SSEC gains +0.5%.

Chinese banks are sold off with Minsheng Bank and 































[Text is Redacted: Purchase December 2014-12 to Read the Complete Chronology]








 funds the government though the end of the fiscal year in September 2015. The bill weakens the Dodd-Frank legislation that strives to prevent future bank bailouts. The banksters will always be bailed out with taxpayer money since the wealthy run the country.

A new poll shows that 71% of Americans are dissatisfied with the direction the country is heading; that is nearly three out of every four people. The other one-fourth are probably the wealthy with large stock portfolio’s made richer beyond their dreams courtesy of the Fed’s easy money policies. Former Fed Chairman Bernanke and current Fed Chair Yellen cheer the wealth created since they receive kickbacks from the banksters once out of office rewarded with lucrative speaking engagements. The Fed leaders are fully backed and supported by President Obama verifying that both democrats and republicans are in full agreement at making the rich richer with Keynesian money-printing policies. The remainder of the country carries the elite’s water.