N. Korea may be willing to unify with South Korea now. South Korea should offer N. Korea that opportunity.

N. Korea may be willing to unify with South Korea now. South Korea should offer N. Korea that opportunity.
China may be willing to have a unified N. Korea now that China no longer fears free enterprise or Christianity.
Christianity certainly beats the holy haters in China who were rioting last year and killing other Chinese by using hypodermic needles and injecting their neighbors with poisons. Who would believe the hate-faith could be so weird?

Foreclosure-fraud class action lawsuits have been mounting against major banks across the country, threatening billions more in losses for the industry. There are also several investigations into the matter, including one by involving all 50 state attorneys general. Worst-case stories have featured homeowners who had to fight foreclosure despite not having mortgages at all. GE/MSNBC/Pravda's Jim Cramer says buy the banks now.

World Markets:
Asian markets tumbled yesterday but were flat last night. The big question is how will China deal with their corporate corruption and incompetence. Do communist understand the term, "Crazy like a fox" which describes how massive skimming of profits is hidden by what appears outwardly to be innocent incompetence. It should become obvious when Chinese currency begins to be smuggled out of China. China seems to turn a blind eye toward shell corporations siphoning off capital from foreign investors. Many Chinese stocks that were worth dollars and pounds are now worth pennies.

Today
Jan 11 10:00 AM Wholesale Inventories Nov
Jan 12 7:00 AM MBA Mortgage Purchase Index 01/07
Jan 12 8:30 AM Export Prices ex-ag. Dec
Jan 12 8:30 AM Import Prices ex-oil Dec
Jan 12 10:30 AM Crude Inventories 01/08
Jan 12 2:00 PM Treasury Budget Dec
Jan 12 2:00 PM Fed's Beige Book Jan
Jan 13 8:30 AM Initial Claims 01/08
Jan 13 8:30 AM Continuing Claims 01/01
Jan 13 8:30 AM PPI Dec
Jan 13 8:30 AM Core PPI Dec
Jan 13 8:30 AM Trade Balance Nov
Jan 14 8:30 AM CPI Dec
Jan 14 8:30 AM Core CPI Dec
Jan 14 8:30 AM Retail Sales Dec
Jan 14 8:30 AM Retail Sales ex-auto Dec
Jan 14 9:15 AM Industrial Production Dec
Jan 14 9:15 AM Capacity Utilization Dec
Jan 14 9:55 AM Mich Sentiment Jan
Jan 14 10:00 AM Business Inventories Nov


Market Outlook Jan 11, 2011
World markets are flat today, but tumbled yesterday after holding a flat first week of the year. Last year Wall Street emphasized earnings while revenues shrunk. This year revenues are being hawked because earnings are dwindling. We will see if investors are that blind.
2009 Earn +6%, Rev-6%
2010 Earn + 0, Rev +6%
Net two-year change, earnings up 3% per year, no revenue change.

Currently investors are at historic levels of optimism, although there were very few to be found investing yesterday. Volume is shrinking, down another 17% yesterday.

By mid year we expect state and federal worker layoffs because the socialists have not put their government houses in order and the Tea Party wants smaller government. Many predict a major sell off at mid year when the individual states also are in budget crisis. But typically the stock market is six months ahead of economy. QE2 ends mid year but that is likely to be extended. Today the FED started saying they are saving jobs just like Obama said he did last year.

World Markets
Asian markets were flat last night. China's market was up 0.5%, Hong Kong up 1%, India down -0.2%, and Japan down 0.3%, Jakarta down -0.7%.

European markets are up this morning in a range of about 0.3% to 1.3% half way through their day.

US pre-market futures are up about 0.5 % at 7:30 AM EST.