Global Economy Bursting?

[Terrel L. Shields]

forget about retirement and just think about how to live off the land and raise our daughter to marry a farmer ....

hedge her bets and marry her off to a commodity trader

 

[Randolph Kinney]

A European Generation Takes to the Streets

http://www.spiegel.de/international/europe/0,1518,767032,00.html

The common element with the rest of the world is the lack of jobs and high unemployment. Europe has more of a sense of entitlement than the rest of the world however, the U.S. is going to be experiencing the unrest and demonstrations of young people taking to the streets.

Here in California, students are protesting tuition increases of 40%. College and University eduction was a give away supported entirely by the taxpayer. Not any more. And to compound the problems, graduates can't find work.

Students now finishing their schooling (nationwide)--the class of 2011--are confronting a youth unemployment rate above 17 percent. The problem is compounding itself as those collecting high school or college degrees jostle for jobs with recent graduates still lacking steady work. "The biggest problem they face is, they are still competing with the class of 2010, 2009, and 2008," says Matthew Segal, cofounder of Our Time, an advocacy group for young people.

 

[Randolph Kinney]

What are the chances the U.S. economy could eventually trigger violence in our country?

http://caffertyfile.blogs.cnn.com/2...ly-trigger-violence-in-our-country/?hpt=hp_t2

A new CNN poll says 48 percent of Americans think the country is headed for another Great Depression in the next twelve months.

 

[Randolph Kinney]

Stocks Fall in Biggest Dow Slump Since 2002

http://www.bloomberg.com/news/2011-...ecline-korean-won-gains-on-rate-increase.html

The Dow lost 137.41 points, or 1.1 percent, to 11,986.95 at 10:47 a.m. in New York, its first dip below 12,000 since March, and the Standard & Poor’s 500 Index fell 1.1 percent.

 

[Randolph Kinney]

Import Prices in U.S. Unexpectedly Increase on Automobile, Clothing Costs

http://www.bloomberg.com/news/2011-...ly-increase-on-automobile-clothing-costs.html

 

[Randolph Kinney]

Treasuries Rally on Speculation Fed Will Maintain Stimulus as Stocks Fall

http://www.bloomberg.com/news/2011-...-prospect-fed-to-keep-interest-rates-low.html

 

[Randolph Kinney]

Biofuels From Algae, Wood Chips Are Approved for Use by Passenger Airlines

http://www.bloomberg.com/news/2011-...ood-chips-approved-for-airlines-ata-says.html

Other biofuels companies that may benefit from opening up the $139 billion-a-year aviation fuel market are Neste Oil Oyj (NES1V) of Finland, Spain’s Abengoa SA and Honeywell International Inc. (HON)’s UOP unit, which is developing a fuel-making technology.

The 27-nation European Union is prodding airlines toward cleaner fuels by forcing them to cap emissions or buy permits for the excess beginning next year. Aviation accounts for about 2 percent of global carbon-dioxide emissions.

Developing a renewable fuel supply is a critical part of our industry’s strategy for achieving carbon-neutral growth beyond 2020 and creating a sustainable future for aviation.

 

[Workbox]

I would hate to bet against you...

Corn is suffering from the floods. The Midwest, particularly near any flooding river, is hard hit and the crop will decrease.

I would think that is obvious to anyone paying attention to the world around them. Even in these modern times natural events have far greater impact on the economy than any government action on the economy.

You are right guys, it can still go down and all indications point that way, but I also understand how manipulated the market is. I still have advance orders to go short, but also going to have advance orders on metals and oils going long, IF we get that reversal. But we will at least need 4 steady days of going up to indicate a reversal to the upside.

But between the 200-DMA and 1279 for the SPX we could have a key reversal, but If we break the 200-DMA everything changes.

I'm holding my breath.

 

[Terrel L. Shields]

can still go down and all indications point that way

until you have the regulators pinch the heads off the naked shorts and require them to start taking posession of their product as well as allowing more commodity be traded at one time than actually exists in the world... the market will be manipulated.

The purpose of "market" was to smooth out the bumps in markets. Corn could be hedged against lower prices or higher prices. Today, speculation causes market disruptions and increases market volatility not reduces it.

 

[Randolph Kinney]

Dow ends below 12,000 level Friday, capping sixth straight week of losses

http://www.marketwatch.com/story/st...eek-dow-off-172-points-2011-06-10?siteid=bnbh


SEC warns retail investors on trading outside of regular-exchange hours

http://www.marketwatch.com/story/af...-risky-a-decade-later-2011-06-09?siteid=nwhpm

Why is the bond market rallying?

http://www.marketwatch.com/story/why-is-the-bond-market-rallying-2011-06-10?siteid=nwhpm

The U.S. economy is clearly weakening, with disappointing numbers across the board in housing, employment and manufacturing. The global economy is sliding as well, with eye-opening soft economic numbers starting to come out of Asia.

Many of us won’t be able to retire until our 80s

http://www.marketwatch.com/story/ma...-retire-until-our-80s-2011-06-09?siteid=nwhpm