The Mike Bertelsen Project

from zerohedge.com

A slowing world economy is here. The Eurozone and China are at the focus of this. See the post from zerohedge.com.

Structural changes in the U.S. economy are ongoing. Can the Fed break through this stagnant stalemate? Could a replay of 2008 be setting up? With the GDP number down for Q1 2014 in the U.S. there isn't much room for optimism when it comes to asset increases. The drag on the overall big picture has the bond guys wondering and waiting. Interest rates have been projected to go up, however the data speaks for a flat interest rate. Can the high risk pool help the U.S. economy if enough folks jump in? Can all-time highs keep getting higher?

This is the situation we are facing. Our views on housing and wealth generation have been muddled by the stark reality of sluggish job growth. Frankly we aren't back to work like we should be.

The risk-off scenario is coming into view according to a safehaven.com article, which gives plenty of reasons why this should play out. Hello U.S. Treasuries.

With the 10 Year Note yield being put on the radar, could this tell us that global debt bubble fears will increase? Chinese government debt is up 25 times since 2000! This has gave us the notion of a crumbling economy in China. Here at home we need job growth. But we're at the mercy of so much around us. According to a seekingalpha.com story, our labor participation rate is just under 63%.

I can't help but see a continued lag in the U.S. job market.

The IMF has made some blunders lately. One in particular is the Greek GDP growth. This started about three years ago. The Wall Street Journal came away with a document that admits handling Greece was all wrong and the bailout that followed didn't reduce pressure on the Eurozone. Their future debt forecast was way off.

Greece was nothing but a scapegoat to preserve the viability of the otherwise doomed Eurozone.

Inspired by the zerohedge. com article by Tyler Durden.

Inside the Eurozone, the German economy is rarely questioned. German workers face wage suppression. In a report by Josh Rosner of Graham Fisher reported that delay is costing Germany. Already that tab is 500 billion euro.

German central bankers and the government are seeking to protect markets for German exporters and the German banking sector. Recapitalizing German banks will have a massive cost. German debts will rise and the German economy will contract.

Wall Street benefited from the Eurozone headline fatigue Tuesday the 5th of June. The European Central Bank rate decision is tomorrow the 6th. What do the eurocrats have in the central system pipeline? We'll soon find out.

The waiting game is on for U.S. stocks. After an impressive first quarter in 2012,the engines haven't really hit higher rpm's in the second quarter. The bias is negative and there is no news. No news is good news.... right?

Federal Reserve Chairman Ben Bernanke is heading to Capital Hill on Thursday. QE3 rumbling seems to be getting louder, but nothing definitive. Pullbacks could bring more money into the market, and we'll see.

The Fed meets on June 19 and 20.