Take It Or Leave It

A small country like Belize has public debt at 80% of GDP....and they are struggling to meet interest payments...the researcher told clients this country is following Greece...there are no negotiations with the creditors....take what is offered!

MORE FUN FACTS
1) China will spend more on travel than America..by 2014.
2) Technology companies now account for 13.8% of all dividends paid out up from 6% in the S&P 500 in 2007.
3) The warming Northern Hemisphere (diminishing ice pack) has the jet stream nudging north by some 18 feet per day (average) or 1 mile per year...thus the growing drought....
4) 40% of the nations corn crop now goes to government mandated ethanol.....only 36% to feed and 24% to food.
5) The average age of all cars on the road is a record 11 years...demographics are changing and the cars are built better.
6) Mainland Chinese stocks are at three year lows....decoupling from the global stock market rally..is this suggesting the deglobalization we are facing?? Or as they have been "tightening" are they ready to ease with new leadership coming in..
7) North Dakota crude oil production is at a record high.....but month vs. month change is slowing...
8) Another $5 billion left equity funds last week by the public...as they continue to liquidate.....and add more to cash and bonds.
9) A record 165,000,000 Americans are dependant on the state. 54,000,000 Americans pay no income tax and another 65,000,000 Americans get refunds in excess of what was owed.
10) Delta (and other airlines) have raised air fares nine times year to date.
11) Oh yea....the gov is selling another $99,000,000,000 in debt this week.
12) Only 11% of hedge funds are out performing the S&P 500 ytd.

The Olympic gold medal sprinter said, "never give up, work on your weaknesses, practice and over come adversity."

Danny Boy seen here taking in the dog days of summer.