MONDAY 3/30/15; SSEC Rallies on PBOC Stimulus Expectations; CALM; Personal Income and Expenses; Cascading Global Stock Market Rally

At 8 AM Tokyo time (7 PM EST Sunday evening in the States), Australia trading is well underway with the SPASX down -0.7% at 5880. Mining, energy and basic material stocks are weak as commodities trade lower. Japan industrial production data is down -3.4% weaker than expected. S&P futures are -2. Dow -14. Nasdaq -4. Euro 1.0887. Dollar/yen 119.24. Pound 1.4896. Aussie dollar 0.7739. Dollar/Yuan 6.2157.

WTIC oil 48.17. Brent oil 55.94. Natural gas 2.63. Gold 1198. Silver 16.93. Copper 2.754.

Treasury yields are; 2-year 0.59%, 5-year 1.44%, 10-year 1.96%, 30-year 2.54%. The 2-10 spread is 137 basis points.

The NIKK begins 













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poll shows that one-third of Americans have no savings. Nearly 60% of Americans say they are not prepared to handle an unexpected emergency that would cost over $500 and 55% say they only break even or spend more than they make each month to barely make ends meet. The data explains why the lower gasoline prices since last Fall have not had a positive effect on retail sales.

Common folks are trying to save the gasoline money instead of spend it which does not portend a healthy economy moving forward. The Fed is relying on consumers to spend to jump-start the economy but the obscene Keynesian policies of former Federal Reserve Chairman Bernanke and current Chair Yellen have only served to make the wealthy filthy rich, since they own stocks, while leaving the rest of America in the dust. The FOMC policies champion the wealthy elite in America while screwing the middle class and poor which will lead to future social unrest in the United States.