TheStreet.com's Jim Cramer says news is not being properly disseminated, and some people are getting an unfair edge.

I love how easily I am misunderstood by people who have about one-tenth the history I have in the markets. I love it, because their dogmatic criticism of me is so unfounded and anti-historical, not to mention totally un-rigorous, that I get a kick out of reading it.

I am talking, of course, about the outrageous trading in Fannie (NYSE: FNM) (Cramer's Take) and Freddie (NYSE: FRE) (Cramer's Take) over the last few days.

My beef: For most of the last 80 years, when there was "unusual activity" in a stock, as you would certainly have to say there has been here, the New York Stock Exchange or the company or even the SEC would call a halt in trading, the reason being that it is clear there is news that is not being properly disseminated. Halting trading is something that is done to level the playing field, to be sure that some don't know something that others don't.

Here the disinformation has been so ludicrous, the lack of disclosure so ridiculous, the misdirection so nonstop that it is simply inconceivable that everyone has the same information available to trade on. That's the darned law, for heaven's sake. It isn't something I made up. We aren't supposed to have situations where some know information and others don't. Given the nature of the talks involving so many parties and the leaks that are happening left and right, does this feel like a place where the average investor is getting a fair shake? I don't think so. How anyone could even disagree with that notion is the height of naiveté.

Jonathan Laing of Barron's did an interview (subscription required) with GaveKal, a global adviser to financial services firms. GaveKal gave some great stats:

• Research & development now dwarfs capital spending -- Danaher Corp.'s research spending has jumped from 150% of capital outlays to 300% during this decade. And Analog Devices has also seen a big jump in its R&D-to-capex ratio, increasing from 1.5-to-1 to 6-to-1 this year. Big increases in R&D and the shift of manufacturing to Asia will continue to translate into a more productive U.S. corporation.
• Concerns about consumer debt levels -- mortgage, credit card and auto debt has plunged from 6% of totals outstanding at the beginning of the 1990s to 1.5% to 2.5% the past few years.
• Corporate profits remain very strong -- after-tax profits and cash flow as a percentage of GDP exceed 8.5% and 15%, respectively -- very high by historical standards.
• Trade Deficit at 7% of GDP -- not a concern when measured against U.S. total household net worth which grows about $2.5 trillion per year. A traded deficit of $800 billion is more than offset by growth in U.S. net household wealth.
• Net foreign debt as a percentage of national net worth is only 4.6%.
• The earning-yield and dividends for stocks earn investors 9% versus 6% for private equity to borrow money. That is what is fueling the private equity boom. Stocks should do well as long as this disparity exists.
  

Laing titled his piece Sizzle Inc, referring to GaveKal's optimistic outlook. The premise behind the positive outlook is that the global economy is "on a cusp of a decades-long" deflationary boom. It is a very compelling argument to invest in U.S. stocks.