…the world gets a cold. Even on Cinco de Mayo. Odd, how that works.
You can see it in the numbers from overnight. China’s Hang Seng Index was down 1.28%. What does that mean other places in the world? Well, in Europe this morning Germany dropped 1.31% and the French dropped 1.17% (as of when I looked).
I’m pretty sure that the UK stock market would be tanking, too, but this is a public holiday for the kneelers.
Karnack the Magnificent, I am not. But a one percent drop in the Dow today would mean a decline of 165 points by the close and 19 points being shaved off the S&P. Not saying it will come to that, but let’s look to see if there is any really good news, shall we?
Pfizer might consider changing its name to Pfizzer after a major earnings miss this morning might be fairly called a Pfizzle.
Later on this morning we’ll get some Institute for Supply Management numbers, but that’s not going to turn the tide of a fourth month in a row on the downside in China.
Events later in the week include a balance of trade number tomorrow, productivity on Wednesday, and couple of other blah-blah numbers.
The one to watch? That will be the Wednesday release of Consumer Debt by the Fed. This is the one rich kapitalists slobber over because if they can keep you signing on the dotted line, going deeper in debt (to them) they make more money.
In case you’ve been asleep lately? That’s what most places no longer even need a signature on the checkout machines if the tab is $50-bucks or less.
This is all part of the long slow slide into the Mark of the Beast which will become the next level for computers (see: Person of Interest and Samaritan which did Beta this week for details) and yes, it’s all true, what Edward Snowden has been saying about “Whole populations”are living under more or less total electronic surveillance.
All of which gets us to a topic for an upcoming Peoplenomics report: The Criminalization of Cash, but it’s too early for deep thoughts just yet, being Monday and all.
For now, the crooked world is spinning away and just marking time until Russia rolls west to save citizens in…oh, wait. That’s our next story…
In the meantime, our first economic data point has me wondering whether to head out for Mexican food today, or Chinese. Yah see how tough Monday’s are? Cinco’about it.
Russian Rolls?
Bear claws, is more like it: The Russian Bear has huge numbers of troops positioned and ready to roll into Ukraine’s eastern sections as soon as the civil war breaks out there.
And that could be any old time.
The mobgov (coup) in Kiev is sending its special forces troops into Odessa after a deadline series of classes over the weekend.
Meantime, the Jewish community of Odessa is planning evacuations because the right-wingers behind the Kiev coup are – in some cases – violently anti-Semitic.