Not really a great week for the GreeKs. Right now they're a pawn in the great game of Wonky Wonks. Herr Schauble says jump this high one day and Big Mama Germanmeister says maybe not that high, hold on a minute. Its become a daily comedy act as the One Quadrillion can of worms gets kicked down the road ever more slowly.
China is now in complete collapse. Once again it may not be straight down this week, but that scam is over. Its fiat driven margin mountain has peaked and is blowing like Yellowstone. Kiss your Chinese gambling stock money good-bye. Your bones are going to be picked by the state. Look for hangings in China to become common place very soon....and they will be public. SOMEONE has to pay the price for this and the STATE will not.
Here's an easy prediction for this week....EVERYTHING IS FINE. Do you really think anything will change on the MSM? Watch over the next few weeks as earnings intensify. Without stock repurchases (can you say ponzi) they would be horrific....but I'll bet they are mediocre but "overall positive". Top line misses will be spun as positive.
Without all of the food programs and EBT we would have lines that make the Great Depression look like a party. There's no retirement savings for ANYONE over 50. We have checkers at retail stores in there 80s.......servers in their 70s.......all debt slaves..
On the road a few more days and hope you all enjoy the Kabuki theater.