OBAMA QE2 is a disaster. Obama lied and said Japan never recovered because Japan never had Quantitative Easing.

Japan called Obama a liar and said they have had Quantitative Easing for the 20 years of their continuing recession. Only Japan apparently did not create inflation because Japan borrowed from their own people to fund QE so Japan’s debt is owed to itself. Obama is borrowing from China and Japan to provide welfare checks to the people who voted in the Obama socialists and that is just an insane Obama policy needed for Obama to get re-elected.

It’s been reported that China, the largest foreign holder of U.S. debt, was lightening up on its holdings in U.S. treasury bonds. That could make it impossible for the FED to unwind QE2.

Bond-king Bill Gross, founder and manager of the giant PIMCO Total Return Fund said he was so concerned about U.S. debt that his fund had been selling U.S. treasuries from its holdings, and as of February was holding none.

It is time for the USA to leave the IMF. The IMF has been giving away America’s future and the BRICS (emerging countries) are totally ungrateful.

World Markets:
China’s truckers went on strike over rising prices and wage pressure is now beginning.


Xinjiang Goldwind Science and Technology Co. won two orders for its wind turbines in the U.S., helping the Chinese manufacturer expand into the world’s second-biggest energy market.

The yen fell versus all of its major counterparts on speculation the Bank of Japan will signal this week it will maintain Japan's monetary stimulus QE policy.

US Market Highlights
Initial Claims 04/16 403K down slightly from last weeks 412K
Continuing Claims 04/09 were up again to 3695K from 3680K
Philadelphia Fed Apr fell to 18.5 from 43.4 indicating an economic slowdown.
Shipments and new orders fell. The new orders index took the hardest hit, declining from 40.3 in March to 18.8 in April. The shipments index fell from 34.9 in March to 29.1 in April while the unfilled backlogged orders index declined from 14.9 to 12.9. The economy is slowing while inflation is picking up. The odds are high that the shipments index will decelerate further next month. But while stagnating it is unlikely the economy will go negative next month.
Leading Indicators Mar fell to 0.4% from 0.8% last month.
FHFA Housing Price Index Feb fell -1.6% after declining -0.3% last month.
This week
Apr 25 10:00 AM New Home Sales Mar
Apr 26 9:00 AM Case-Shiller 20-city Index Feb
Apr 26 10:00 AM Consumer Confidence Apr
Apr 27 7:00 AM MBA Mortgage Index 04/22
Apr 27 8:30 AM Durable Orders Mar
Apr 27 8:30 AM Durable Orders -ex Transportation Mar
Apr 27 10:30 AM Crude Inventories 04/23
Apr 27 12:30 PM FOMC Rate Decision Apr -
Apr 27 2:15 PM FOMC Rate Decision Apr
Apr 28 8:30 AM GDP-Adv. Q1
Apr 28 8:30 AM GDP Deflator Q1
Apr 28 8:30 AM Initial Claims 04/23
Apr 28 8:30 AM Continuing Claims 04/16
Apr 28 10:00 AM Pending Home Sales Mar
Apr 29 8:30 AM Personal Income Mar
Apr 29 8:30 AM Personal Spending Mar -
Apr 29 8:30 AM PCE Prices - Core Mar
Apr 29 8:30 AM Employment Cost Index Q1
Apr 29 9:45 AM Chicago PMI Apr
Apr 29 9:55 AM Michigan Sentiment - Final Apr

Market Outlook April 25, 2011
Market volume declines 18% in Friday’s advance indicating another topping out is occurring. The VIX bottomed complacently low, a very bearish sign of overconfidence reversing.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=6m&l=on&z=m&q=l&c=

The stock market is continuing to test its head and shoulders now. This time it bounced encouraging the buyers to jump in. Now the test is of the previous highs. The fact that the DOW has led the market this year is a bearish sign because safety is the last refuge before a bear market. That is why gold is rising. People only buy gold when they think a disaster is around the corner.
http://finance.yahoo.com/q/ta?s=%5EGSPC&t=1y&l=on&z=m&q=l&p=m50&a=m26-12-9&c=

World Markets
International trade shows that the world economy has only revived about 25% not the 60% shown by the stock and commodities markets. QE2 is creating the stock market and commodity. That means more than half of the stock market rise from the 2009 lows is unsupportable and could evaporate. See:

http://www.bloomberg.com/apps/quote?ticker=BDIY:IND

Asian markets were down last night. China down –1.5%, Hong Kong up 1%, India down -0.1%, and Japan down -0.1%.
European markets are up slightly this morning in a range of about –0.2% to 0.4% half way through their day.

US pre-market futures are up today in a range of about 0.2% to 0.3 % at 6:30 AM EST.