Uncertainty Continues

1. The underlying factor of the economy is not going to improve anytime soon. US consumers are not spending, instead they are saving at 6% of earning to offset the break-back debt, or to prepare for more rainy days. 2. A case in point , Japanese products for the affluent are free falling, shrinking by double digits as recent as last reporting month. 3. As US stores start to refill depleted shelves of daily essentials, a small revival is seem in the Chinese manufacturing centres, but the overall activity is dismal. Chinese unemployment is not improving, although the country hinterland can for now absorb a larger number of work-less peasants.4. Yet there is the mirage of unyielding prosperity in China, fuelled by, as one central government economist admitted this week, an outflow of tax payer fund/stimuli money via the state owned banks in terms of easy credits. And the same economist concurred that 20% of the credits went to stock market and 30% to the property market. 5. Who's receiving the easy money?! Commie officials all over. They are squandering an opportunity to weave the social safety net to allow the citizen to consume and an internal economy to flourish. The biggest theft of public money in recent Chinese history is shamelessly unveiling. How long will it last until another revolt from the populace??6. And now the season (Jul) of quarterly report of US banks is descending, how much more rabbits can the Summers/Geither cohorts pull from their bag? Are there yet another easing of "mark to the market" accounting trick, of de facto injection of public money via AIG honoring CDOs for the bad loans? Soon we will know At the moment, I am buying SDS & SDK to short the market!!!