TUESDAY 3/31/15; EOM and EOQ1; CONN; Chicago PMI; Consumer Confidence; Cascading Global Stock Market Selloff

The Chinese finance Ministry lowers the down payment required on second home purchases from 60% to 40% and homeowners that have held property for over two years are exempted from sales tax. The measures are welcome but traders are expecting the PBOC to provide juicier rate cuts and lower triple R cuts for the banks that will catapult stocks higher. Asian stocks follow the US joy beginning on a strong upbeat but as the sessions continue stocks leak lower with traders disappointed that the PBOC is not announcing more easy money policies right away.

The NIKK ends down -1.1% to 













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 The information verifies other recent polls and surveys. No wonder lower gasoline prices die not boost retail sales; people are trying to save money rather than spend which is troubling news for sustaining a fragile economic recovery. The Federal Reserve easy money policies over the last few years have succeeded in making the wealthy, that own stocks, filthy rich while hurting the middle class and poor.

An Uber driver in New York is arrested after dropping off a rider at the airport and then robbing the person’s house. People continue to stupidly publicize all their personal information on the internet; idiots using computers to interact socially with other idiots.

The grandson of oil tycoon J Paul Getty, Andrew Getty, 47 years young, is found dead at his Hollywood home. Preliminary investigations indicate that the body experienced trauma but no other details are available.