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Any Geo-Political, Economic or Financial Event Could Trigger a Market Clearing Fall
8/20/2012
STALL SPEED
Any Geo-Political, Economic or Financial Event Could Trigger a Market Clearing Fall
GLOBAL SENTIMENT - Europe has a Growing Sentiment /Confidence Problem ................................................................ 124
GLOBAL CREDIT MARKETS - Stable but Tenuous ............................................................................................................ 131
GLOBAL INFLATION - Where Do these Deflators Come From? ......................................................................................... 133
GLOBAL TRENDS - Commodities and Brands Tell the Global Story ................................................................................... 134
Cooper - Rio Tinto ......................................................................................................................................................................................................... 134
Aluminum - Alcoa, Rio Tinto ........................................................................................................................................................................................ 136
Iron Ore and Thermal Coal - Rio Tinto ....................................................................................................................................................................... 138
Consumable Brands - P&G .......................................................................................................................................................................................... 140
Parcel Volumes - FEDEX ............................................................................................................................................................................................. 141
Shipping - Baltic Dry Index ........................................................................................................................................................................................... 142
MONETARY MALPRACTICE - How Long Will Germany & the Bundesbank Accept TARGET2 "Contingent Liability"? ....... 190
CURRENT STATE OF EU BAIL-OUTS ............................................................................................................................... 196
ASIA - EUROPEAN FALLOUT NOW ACUTE ..................................................................................................................................................... 198
CHINA................................................................................................................................................................................. 202
Socit General Sees a Likely Soft Landing! ............................................................................................................................................................ 202
SLIDES BELOW ............................................................................................................................................................................................................ 202
CHINA PMI: 48.2. Fourth Straight Month of JOB Contraction ................................................................................................................................. 210
CHINA: Manipulated Statistics due to Upcoming Decade Long Regime Change ................................................................................................ 212
CONSUMPTION GROWTH - A 70% CONSUMPTION ECONOMY MAY BE THE LIMIT? ............................................................................. 295
CONSUMPTION - No Longer the Answer for America? ...................................................................................................... 295
RECESSION - At Stall Speed but NOT There Yet! .............................................................................................................. 297
BACKGROUND ANALYSIS: The Big Four Indicators and Recessions ................................................................................................................. 300
BIG FOUR: Are They Rolling Over? ........................................................................................................................................................................... 303
CHART GALLERY :Notes ............................................................................................................................................................................................ 304
Industrial Production ..................................................................................................................................................................................................... 304
Real Personal Income Less Transfer Payments ....................................................................................................................................................... 306
Total Nonfarm Employees ............................................................................................................................................................................................ 307
Real Retail Sales ........................................................................................................................................................................................................... 309