U3 Dip to 9.7% but we are seeing massive sellout. In such times of uncertainty, do not depend on U3, check U5 fluctuations. There is too many discouraged workers in and out of U5 to make U3 predictions totally off mark.

With such unemployment rates, how can Consumer Sentiment truly improves? With European Union now mulling a Fiscal Union in addition to a Monetary Union, the initial formation of the EU seemed more and more like that of a shotgun marriage. We aren’t out of the woods yet.

The recent suicide cases at Foxconn points to wider social issues that China is facing, rampant corruption, runaway inflation, ridiculous Gini Index, excessively overheated economy…….may all this be just my fragments of imagination…..

As at Jun 2010, my analysis of the data of Federal Bank of St Louis still points towards a deflationary economy rather than stagflation that may have been expected. The euphoria of the Wall Street for the previous months doesn’t really tally with my predictions. The bears are getting the upper hand now but it seems that equity is kinda weaned away from reality. A lot of economists are laughing at the roads to nowhere in Japan pointing to their lost decade due to deflation. But remember, Japan despite facing tremendous pressures made full use of the decade to change the structure of the Japanese economy to make equality a possibility. I do not see that in USA, where the rich are getting richer at the expense of the poor. Where too big to fail corporations hold their government at ransom.