A Young Tree

A young tree that gets the most water and sun grows the fastest and strongest......what we are currently lacking is the water part!

Mid year facts:
1) Cash searching for a home..some $60b into Switzerland last month alone can't continue...they have negative .48% "rates" on 2 year government paper.
2) 50% of our nations issued debt now has a maturity of 24 months or less....we should be selling longer dated paper....the folks at the treasury are asleep at the wheel.
3) The loss of purchasing power in the developing world has plummeted...add the exploding cost of food to that and there is a huge problem...much less shortages of key foods if the drought continues.
4) A strong USD equals lower USA profits.
5) lessons learned from 2008-2009 have almost nobody left in the stock market. Even corporations are afraid now...slowing their buy backs as absolute (yet record) cash levels have peaked.
6) Peak Gold (production) .....yes production of gold peak many years ago and is in rapid decline in Africa.....not unlike sweet crude production peaked years ago.
7) Many companies now trade below replacement value...will many go private? Shareholders in a private company are better rewarded for ownership than a public one now....
8) China's slow down is directly related to the intense (and growing) weakness in Europe.

Why is WMT making new highs?

Broad market charts look still awful.........and have most studied/ students sidelined still....when coupled with politics.....still a long ways off....season weakness do into November?

Most recent rallies in Gold have all started in the past years from their July lows.....like now?

More USA citizens have joined the Disability ranks than new jobs...3.1 million to be exact vs. 2.6 million jobs....which news service has told you that fact in the past three years?


Danny Boy seen here going for a boat ride.