10 May Off to Vouliagmeni

I have not been travelling, and this coming week I would off to the Bilderberg meeting (14 to 16 May Athen), may be I would update you guys on the happenings. Last year this time, was the China Sichuan Earthquake, followed by the surge in Crude prices, and then the collapse.

http://www.grreporter.info/statiaen.php?mysid=1823&t=16

The coincidence of last yr Bilderberg Virginia meeting and the surge in crude prices can be attributed to the China Sichuan Earthquake. Bços of the Earthquake, the China military needs to fly countless sorties of helicopter and planes, this skewed the demand in that few weeks.

As for this year Bilderberg, we would gather to talk about Sustainable Recoveries, how to beat the Kondratieff Winter cycle. This type of Anglo-Saxon groups (Iluminati, FreeMasons, etc) are typically Anti-China, Anti-Communism. I would not be surprised some members broach the topics of restoring Democracy in China (China was briefly a democracy after the Qing Dynasty, when the Kuomingtang party (incumbent Taiwan governing party) was holding the government for a while). The greater scheme of things would be to retore Anglo-Saxon rule over the world.

Watch how USD, Crude and Commodities behave next 2 weeks. (China is now lopsided onto Commodities investment, may be a lesson ought to be taught to bring them back to 10-30 years Treasuries).

Next week would be the watershed, with the Bilderberg meeting (14-16 May), Netanyahoo (15 May) in Washington. The Full Moon this month was 9 May, Opex on 15 May.

Pope Benedict just asked the Muslims and Christians to worship the GOD together. How shocking it would be for the Muslims to worship the GOD of Jesus.

The Iranian Nuclear capability and North Korean re-nuclearisation would be a topic of discussion as well.

Something big is going to happen, dun you think so ?

One eerie conclusion the group may have is that the current economy needs to plunge further to rid it of excesses faster inorder to escape from the grip of Kondratieff winter sooner.And the tool or mechanism to achieve that would be decided upon.

Some coming data points, all pointing to better forecast:

Bloomberg Survey

================================================================
Release Period Prior Median
Indicator Date Value Forecast
================================================================
Trade Balance $ Blns 5/12 March -26.0 -29.0
Federal Budget $ Blns 5/12 April 159.3 -20.0
Import Prices MOM% 5/13 April 0.5% 0.5%
Import Prices YOY% 5/13 April -12.1% -16.8%
Retail Sales MOM% 5/13 April -1.2% 0.0%
Retail ex-autos MOM% 5/13 April -1.0% 0.2%
Business Inv. MOM% 5/13 March -1.3% -1.1%
PPI MOM% 5/14 April -1.2% 0.1%
Core PPI MOM% 5/14 April 0.0% 0.1%
PPI YOY% 5/14 April -3.5% -3.8%
Core PPI YOY% 5/14 April 3.8% 3.4%
Initial Claims ,000’s 5/14 9-May 601 610
Cont. Claims ,000’s 5/14 2-May 6351 6400
CPI MOM% 5/15 April -0.1% 0.0%
Core CPI MOM% 5/15 April 0.2% 0.1%
CPI YOY% 5/15 April -0.4% -0.6%
Core CPI YOY% 5/15 April 1.8% 1.8%
Empire Manu. Index 5/15 May -14.7 -12.0
Net Long Term TICS $ Bl 5/15 March 22.0 30.0
Total TICS $ Blns 5/15 March -97.0 50.0
Ind. Prod. MOM% 5/15 April -1.5% -0.6%
Cap. Util. % 5/15 April 69.3% 68.8%
U of Mich Conf. Index 5/15 May P 65.1 66.5
================================================================

Monday, no important data. pull back ritual. Surprise Retail sales with surge, then end with the May Empire Manufacturing Index on Friday. Friday is also OPEX.

Definitely not a week to take aggressive Short positions. A cautious long to ride the rise is advised. As we are into the end stage of the current rally.