Once again, the stock market slipped on a 239 point banana peel. We revisit this blog exactly a year ago and my, oh my, it was the exact same thing! Looks like the Japanese carry trade has been pulled out of the ditch and restarted. I don't think it will creak along much longer due to increasingly painful inflation in Japan. Japan's workers are being hammered even harder, incidentally. All the major US media is now intent on proving that it is China, not the warmongering US, that is causing high oil prices. HAHAHA. I don't see China menacing Iran Kitty! And Venezuela pulls our chain, sells oil for only $100 a barrel to Spain. I don't think the US public can figure out what is going on, thanks to all this wonderful propaganda churned out by our lovely media owners.