News 04-19-2012

I've said it before.  I'll say it again.  The central banks HAVE to print more money.  They have no choice...  it's that simple. 

Bank of America is seeking to sell off hundreds of homes in a second bulk bid.   What's being missed is that this will further supress home values, and home sales.  There's more supply of an item coming to the market. 

So...  I talked about the misleading jobless numbers trending up with some "Unexpected" increases.  The main stream media must have not gotten the memo.   Or....did they?

Spanish bond yields are soaring.  (as previously discussed), yet their auction had a strong turn out.  What this means is; no one wants to buy spanish bonds, yet everyone did.  We'll get the final numbers next week on direct and indirect take downs, but my guess is they're monetizing their debt too.  Or, some form of it.