Oh thank the Lord – more good news. China’s GDP is suck-U-lent…as in craptacular…which is not so good for the average-Joe, but when has Fraud Street cared about the “average Joe?” Heck, the “average Joe” is not even a “Muppet” to the likes of Golden Slacks; he’s the gum under the shoe of the Muppet’s - driver’s - nanny.

Why is the poor Chinese GDP data “good” news? It should be obvious by now; all bad news, whether in the US, Europe, Japan, or China is good gossip: QE3 is coming!

All praise the central planners – for it is right to give them thanks and praise. Hallelujah!

Yes sir – more counterfeit cash is coming into the system any day now. How will this benefit you? It won’t, by design. The banking mafia, however, will benefit first and mightily – by design.

Well my children…China’s GDP isn’t so good as I said above. Fraud Street was expecting another centrally planned (read: bull$#*t lie) number, just like what emanates from the BLS in the USA. If it was bad, we were told, there would be hell to pay.

The central planners heard Fraud Street loud and clear and acted early. QE3, it was said, is a guarantee. Moreover, the European situation has gone from bad to worse, which is a perfect recipe for more fake money, pardon – “liquidity.”

CHINA 1Q GDP GROWS 8.1% ON YEAR, DOWN FROM 8.9% IN Q4; EXPECTED 8.4%, and whispered at 9.0%

CHINA'S MARCH INDUSTRIAL OUTPUT RISES 11.9% FROM YEAR EARLIER

CHINA STATISTICS BUREAU SAYS PROBLEMS REMAIN IN THE ECONOMY

CHINA 1Q RETAIL SALES RISE 14.8% VS EST. 14.8%

NBS: CHINA STILL FACES UPWARD PRESSURE ON INFLATION

NBS: CHINA FACES DIFFICULTY STABILIZING EXPORTS

NBS: CHINA STILL FACES UPWARD PRESSURE ON INFLATION

The market is not afraid of this news of course. Why? Well, yesterday’s statement says it all: “The Fed constantly says that there is no risk in these arrangements and that it’s not a big deal overall. What Ben Bernanke never says, however, is that the swap arrangements are necessary because of the terrible business decisions of European banksters. Without the largess of the US Fed, the European banks fail and we just can’t have a ‘free market’ – ever. Therefore, Ben Bernanke continues to support crony capitalism, debasing the US dollar, and bailouts for all (of the well connected).”

In other words, Ben Bernanke will support China if necessary. Oh sure, the idea is beyond laughable, but what does it matter anyway; the entire globe’s financial system is a putrid fish pile of guts.

What does another fish head (China) matter to the fisherman (The Bernank). He only sees the next bailout, not the pile of “bailouts.”

Trade well and follow the trend, not the so-called “experts.”

Behold the age of infinite moral hazard! On April 2nd, 2009 CONgress forced FASB to suspend rule 157 in favor of deceitful accounting for the TBTF banksters.

larrylevin@tradingadvantage.com
Trading Advantage
(888) 755-3846

Larry Levin's Trading Advantage is a leading investment education firm that empowers traders to achieve and surpass their financial goals. More than 50,000 students have used Larry Levin's proven techniques for powerful results.

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