Business / Economic / Financial
[ This link to a somewhat more cumulative blog posts page will precede current days news since most all topics remain current in terms of impact and longer-term effect and can be searched by topical index term more easily. The same is provided since the blog site http://alpeiablog.blogspot.com has just been censored as to size by google which is typical for google as nsa / cia / gov’t shill as more are becoming aware of. The same is true for microsoft, another co. that’s seen their best days and relies on the government to maintain their monopoly. Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and clarity thereby while the Washington Post page is the real deal but without formatting http://www.washingtonpost.com/wp-srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia ]
Economists Herald New Great Depression The world is currently experiencing the modern day equivalent of the Great Depression, according to a prominent economist who has added his voice to scores of others now forecasting ongoing economic doom on a scale not seen since the 1930s.) , and my position, Nobel Prize Winner Krugman’s, and that of demographer Dent … This is a global depression. This is a secular bear market in a global depression. The past up move was a manipulated bull (s***) cycle in a secular bear market. This has been a typically manipulated bubble as has preceded the prior crashes with great regularity that the wall street frauds and insiders commission and sell into. This is a typical wall street churn and earn pass the hot potato scam / fraud as in prior crashes’. This national decline, economic and otherwise, will not end until justice is served and the wall street frauds et als are criminally prosecuted, jailed, fined, and disgorgement imposed … Krugman: It's All Downhill From Here Cullen Roche Love him or hate him Paul Krugman has been awfully right with regards to the macro picture in the last few years. He’s one of the rare economists who had the foresight to see the housing bubble and the likelihood of economic downturn that would result from it. Krugman recently caused a stir when he said the US economy was headed for the third depression. He isn’t back down from that outlook:
I’ve had a couple of conversations lately with people who follow politics and public affairs, but aren’t that close to the economic discussion — and I’ve discovered that there are two comforting delusions still out there.
Delusion #1 is that we’re on the road to recovery, just more slowly than we’d like; to be fair, the White House keeps saying this.
But it’s not at all true. GDP is growing below potential; employment, even if you focus just on private employment, is growing more slowly than the working-age population. If you ask how long it will take us to return to, say, 5 percent unemployment on the current track, the answer is forever.
Delusion #2 is the belief that the stimulus may yet do the trick, because there are still substantial funds unspent. I tried to deal with this last year. The level of GDP depends not on total funds spent, but on the rate at which funds are being spent, which has already peaked; GDP growth on the rate of change in the rate at which funds are being spent, which peaked last year. It’s all downhill from here.
If you can ignore the schizophrenic market for just a second it’s hard to reject Krugman’s macro outlook. The private sector has been running on fumes since the debt bubble burst in 2007. The government’s extraordinary actions helped bolster the economy, but merely papered over what was a very weak private sector. As we see the government step aside it’s difficult to imagine that the weakness at the private sector won’t again be exposed for what it really is.
Here Are 13 Signs That We’re Actually In A Depression Right Now Gregory White | David Rosenberg has outlined, in his latest letter, the 13 reasons with this so-called recovery is actually a depression… David Rosenberg has outlined, in his latest letter, the 13 reasons with this so-called recovery is actually a depression.Rosenberg sums it up like this:
This is what a depression is all about — an economy that 33 months after a recession begins, with zero policy rates, a stuffed central bank sheet, and a 10% deficit-to-GDP ratio, is still in need of government help for its sustenance.
Harry Dent, Jr. Economy will be in a Depression by 2011
The worst of this next depression is likely to hit between mid-2010 and mid-2013, especially around early 2011, but if the banking system continues to implode a deep downturn or depression could begin sometime in 2009 instead of 2010.
Dow will Fall to 3,800 – 4,500 by 2012
Nasdaq will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at the latest.
Inflation will Increase until mid- 2010 and then turn to Deflation
Interest Rates will Increase
U.S. Dollar will Decline
Housing will Decline by 40 – 60% from Today’s Levels
Greatest Economic and Banking Crisis since the 1930s will Occur Between 2010 and 2012). ]
Our Best Minds Are Failing Us Newsweek | Policy and political debates still driven by outdated economic theory have been racing out of control.
The Emerging Global Fed New American | The Federal Reserve has been a nightmare for the American people. It inflates the money supply, thereby devaluing already-existing money and placing a massive hidden tax on the people via rising prices.
US ‘sees world influence declining’ amid economic woe BBC | There has been a sharp rise in the number of Americans who believe the US role as a world leader is on the decline, a survey suggests.
Accumulating Incongruities [ Bottom line in this article is that the author (and me) doesn’t buy the labor / unemployment stats which have been skewed / guesstimated to the up side which probably is no surprise given the abounding desperation and proximity to the elections ]
Household Net Worth Plunges By Most Since Q4 2008, As Government Borrowing Surges In other words, the net wealth of the US household continues to track the performance of the stock market tick for tick. And one wonders why the Fed, per Alan Greenspan’s admission, is only focused on ramping stocks up to all time highs.
The Secret List Of 10 States With Soaring Poverty Rates The Government Doesn’t Want You To See
This is only half of the story though. Despite all these methodological weaknesses I was curious enough to look for the list of states with the worst and best poverty rates. I skimmed through their 88 page report but I could not find a single table breaking down their flawed results by state. This must be top secret information, I said to myself.
The poor and impoverished turn to the forest RT’s Anastasia Churkina re-visits Tent City – a homeless camp tucked away in the woods of New Jersey, where over 40 people have been forced to live, with nowhere else to go.
Roubini Turns Bearish On Gold (Again), Suggests Taking Profits And Buying Puts… Much Like He Did In December 2009 Rouibini has never been much of a fan of gold. Which is why we were not too surprised when we read RGE’s latest recommendation on the precious metal, which, as expected was to take profits.
More Than a Third Say It’s Okay to Walk Away from Mortgage More than a third (36%) of respondents believe “walking away” from the mortgage is acceptable, according to a Pew Research Center survey released today.
(9-17-10) Dow 10,608 +13 Nasdaq 2,315 +12 S&P 500 1,125 -0- [CLOSE- OIL $73.66 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.74 (reg. gas in LAND OF FRUITS AND NUTS $3.11 REG./ $3.26 MID-GRADE/ $3.35 PREM./ $3.69 DIESEL) / GOLD $1,278 (+24% for year 2009) / SILVER $20.83 (+47% for year 2009) PLATINUM $1,609 (+56% for year 2009) / DOLLAR= .76 EURO, 85 YEN, .63 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.75% …..… AP Business Highlights ...Yahoo Market Update... T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies - Domestic / International This Is a Secular Bear Market and The End of Buy and Hold … and Hope MARKET MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED 3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10 [archived website file] Risks Lurk for ETF Investors The bull market that never was/were beyond wall street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10 Forecast for 2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11 Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover Current Economic / Fiscal Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression… thecomingdepression.net MUST READ: JEREMY GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!
9/11 Truth: Direct Engagement to Incite Public Inquiry Travis Crank | Too many Americans now seem all too willing to forget, to allow the events surrounding 9/11 to fall down the memory hole and just go on about their daily business after nine years.
Take a Second Look at Christine O’Donnell Keith Johnson | Those who are serious about ending the Fed must be just as serious about ending these wars.
Geo-Engineering: Killing Off The Useless Eaters Paul Joseph Watson | Injecting the atmosphere with sulfate aerosols is a completely insane, untested and dangerous proposal.
Pennsylvania Homeland Security Employed Israeli Company to Suppress American Political Dissent Kurt Nimmo | Pittsburgh cops may have employed Israeli company to squash dissent during the G20.
8-year-old expelled from two years of school for bringing toy gun in backpack NBC Miami | The 8-year-old boy hasn’t been in school for a year and will likely miss another year if the Broward County School Board has its way.
Drudgereport: Doomsday warnings of US apocalypse gain ground...
Audit: $2 million per stimulus job...
1 in 7 Americans lives in poverty...
50-year high...
Foreclosures Rise; Repossessions Set Record...
Gold hits new high...
US poverty on track to post record gain under Obama...
Last minute aid helps city dodge default...
MICHELLE IN 'HELL': 'CAN'T STAND' FIRST LADY JOB … (at least there’s some reciprocity) ...
BREITBART Shock Audio: Facing 'Obligations' From Leadership, Democrat Congresswoman Leaves Voicemail for Lobbyist Cash...
RASMUSSEN: First Post-Primary Poll, Coons winning in Delaware
Coons (D) 53% O’Donnell (R) 42%
Senators grill Geithner on China trade policy (Washington Post) [ When tiny tim talks, God bless us everyone, people listen … Where did I here that slogan? … Ah, that now defunct wall street brokerage … Careful tiny tim … you know how easily offended the Chinese are … (Taiwan, Taiwan, Taiwan) … And who’s going to buy the worthless american paper denominated in ever more worthless Weimar dollaros, and what if they cash out now having already lost hundreds of billions on same which cost their comrade / overseer his job … etc. ]The Treasury Secretary signaled a tougher line on China as both parties have expressed frustration with the administration's reliance on negotiation in dealing with China's currency and trade policies.
Will light bulb manufacturing stay in the U.S.? [ Methinks it’s a bit late to be asking that question. In fact, meknows it’s too late to be asking that question in light of the irrevocable structural shift precipitated by those geniuses in Washington, including among other helmsmen of this now titanic of a nation, those ‘strategists’ in those hallowed halls of, ie., the cia, nsa, think tanks, sink tanks, etc., and of course, those vaunted trade deals which include essentially all branches of the corrupt u.s. government with complicit titans / ceos of american industry with a time horizon defined by their latest compensation package / stock option expirations as cheered by the wall street frauds who sold off / transferred the technological capacity to do so; and, of course, the coup de grace, viz., that thing called NAFTA that Ross Perot was vilified for opposing and warning against. There is really nothing in america that can’t be produced cheaper elsewhere. Then there’s the defacto bankruptcy of the nation when even more corporate welfare / subsidies would be necessary to make such even remotely possible. As for prospective purported technological advances / innovations, from my view there’s only so much utility that can derived / squeezed from ‘hula hoops’. ]
Bank got even more special help (Washington Post) [ Special help? … Talk about euphemisms … LA, yes dudes, way (as they say in the valley! ] OneUnited, now at the center of a House ethics probe, received TARP aid despite its poor health. Warren to be tapped as adviser (Washington Post) [ Well, that about does it … slam-dunk for the administration … yet another ivy leaguer who at least to her credit has talked tough; but, show us the prosecutions … show us the money (they took) ! Show them the jail walls! Handcuffs For Wall Street, Not Happy Talk Zach Carter | The fraud allegations that have emerged over the past year are not restricted to a few bad apples at shady companies — they involve some of the largest players in global finance. ] Obama plans to tap Harvard law professor to a special advisory role so she can help stand up a new consumer financial protection bureau while avoiding a potentially vicious Senate confirmation fight. Senate passes small business credit measure (Washington Post) [ Riiiiight! That should do the trick! Besides … It’s an election year … time to celebrate … you know, don’t worry, be happy … and what’s a paltry amount like that anyway for defacto bankrupt america, an interest payment on the insurmountable debt anyway … what the heck! (Economists Herald New Great Depression , see infra) ]The bill creates a $30 billion government fund to help open lending for credit-starved small businesses, cut their taxes and boost federal loan programs for them.
1 in 7 Americans live in poverty, Census says (Washington Post) [ Wow! Sounds like a plan! Carry on wayward ‘no recession helicopter ben b.s. bernanke, and mr. guns instead of butter as promised wobama’, et als. Workin’ like … a plan! Census Reveals 45m Americans Living in Poverty One in seven Americans is living below the poverty line, it was revealed yesterday. With 45mn Americans officially designated as poor, the US census figures reflect the worst decline in living standards for more than half a century. ] Number of people living in poverty and lacking health insurance rises; ranks of working-age poor last year reaches highest level since at least 1965. (Economists Herald New Great Depression , see infra)
Clinton wraps up Israeli, Palestinian talks - for now (Washington Post) [ That’s a wrap (Hollywood speak), or just a lot of crap (reality). Well some celluloid facetime (hill, I said celluloid, not cellulite), appearance of doing something (not). U.S. urges Arab states to drop israel nuclear treaty demand Reuters Oooooh! Wow! Sounds like a plan! … For world conflagration … Another step toward nuclear prone middle east … israel should be exempt because ….. ‘US – Israel’s partner in crime, not a referee’ … You really can’t make this stuff up; the preposterous s*** coming out of america! ]The U.S. envoy to the UN atomic watchdog urged Arab states to withdraw a resolution calling on Israel to sign an anti-nuclear arms treaty, warning it would send a negative signal to Middle East peace talks. Israelis, Palestinians already broaching tough topics in talks, envoy says (Washington Post) ‘US – Israel’s partner in crime, not a referee’ (Infowars.com) Israeli and Palestinian leaders are holding a new round of direct talks. Bombshell: Barack Obama conclusively outed as CIA creation Wayne Madsen | Investigative journalist Wayne Madsen has discovered CIA files that document the agency’s connections to the lives of Barack Obama and his mother, father, grandmother, and stepfather. ] RAMALLAH, WEST BANK - Secretary of State Hillary Rodham Clinton on Thursday wrapped up three days of intense Middle East diplomacy that produced good atmospherics but no sign that an impasse over Israeli settlement construction has been resolved. (Alex Brandon - AP)
Leading Economic Indicators Continue to Suggest Return to Contraction Is Likely
U.S. Economy "Gradually Deteriorating," Levy Says: Recession Likely in 2011
Philadelphia Manufacturing Index Falls
Foreclosures Rise; Repossessions Set Record CNBC | US foreclosure activity rose in August from the previous month, and banks and lenders took ownership from homeowners at a record pace.
Ten Reasons This Rally Is Ultimately Toast Wachtel ‘Here are 10 reasons why risk assets (stocks, riskier forex pairs, industrial commodities) have a very high probability of a pullback very soon.
Technical Indicators: High Risk Of Downturn
The S&P 500 is the best single representative of overall risk appetite. It is telling us that a pullback is coming very soon. (chart)
1. Coming Bounce Off Of Upper Bollinger Band (standard 2, 20 default settings):
Once the index starts to pull back from its upper Bollinger band, it usually pulls back to at least its 50 day SMA, often lower. Since the end of the most recent rally in late April, this rule has worked flawlessly in both mid-June and mid-August. The index is now once again at its upper Bollinger Band.
Up Against Multiple Reinforcing Layers Of Strong Resistance Around 1120.
2. Upper Bollinger Band (noted above).
3. 200 day SMA (purple line).
4. 61.8% Fibonacci retracement from the February 2010 low (which has held up well as support, only violated for a few sessions in July and August).
5. Neckline (red horizontal line around 1125) of the big bearish Head-And-Shoulders pattern dating all the way back to the beginning of 2010. Left shoulder in January, head in April, and right shoulder in June.
6. This same resistance at 1125 is reinforced by another bearish chart pattern- a bearish double top (that may soon become a triple top if the above indicators prove correct).
7. Recent Rally On Low Volume: The rally that began in late August has been on very low volume, which suggests lack of conviction and thus less durability.
Fundamentals Don’t Support A Rally
8. We are heading into the second half of the month, which is lighter on significant news data than would be needed to justify a push past the above strong resistance layers
In addition, there is the overwhelmingly bearish fundamental backdrop:
9. US economic slowdown in every meaningful category: housing prices (where the bear market began), jobs, spending, etc. Even manufacturing, until recently a rare bright spot, has been slowing since the prior Philly Fed report.
10. The ongoing and utterly unsolved EU sovereign debt/banking crisis, with its now periodic eruptions. While we have no major eruptions reported recently, PIIGS sovereign and bank yields and CDS rates remain at May’s crisis levels, a clear indication that markets are very nervous and ready to sell off, as they have over the past weeks on news of Ireland’s latest bank bailout and a Wall Street Journal article on how the EU bank stress tests understated PIIGS bond exposure.
Despite Range Trading - Prominent Sell Signals Still Alive On Thursday September 16, 2010, 12:35 pm EDT About a month ago, news about the ominous Hindenburg Omen, terrible September/October and other prominent sell signals were the big buzz around Wall Street. Has the recent rally and range bound trading neutralized or even eliminated the bearish undercurrents? A look at current sentiment would make you think so. Sentiment surveys show that bullishness has soared and optimists are back in control (see chart below).But are the optimists generally right? No. In fact, unfounded optimism is one of the biggest investment traps and most effective bear market tricks. On April 16, the ETF Profit Strategy Newsletter warned that: 'The message conveyed by the composite bullishness is unmistakably bearish. Most bulls have no clue why they are bullish except for the fact that they feel the need to play the momentum game. Sounds like 2000 and 2007 all over again.' When it comes to investing, emotions tend to get in the way of making money. It takes an opportunistic, yet realistic approach to profit in this market.
Parallels Between 2000, 2007, and Today
From a purely analytical point of view, the April ETF Profit Strategy Newsletter examined the 2000 and 2007 market tops and compared them with the 2010 price action, at a time when optimism was soaring sky-high. The parallels between the 2000, 2007 and forming 2010 tops were striking, that's why the newsletter concluded that: 'A comparison between the 2000 and 2007 double tops to the current constellations shows that the market may roll over at any time.' Similar to the January/April 2000 and July/October 2007 double tops, the April 2010 highs were preceded by a lower January top. But the parallels didn't stop there.
Major Tops Followed by Decoy Rallies
Following the initial 2007 decline, the April, May 2008 rally rekindled new hope and pushed the major indexes a la Dow Jones (DJI: ^DJI), S&P (SNP: ^GSPC), and Nasdaq (Nasdaq: ^IXIC) briefly above their 200-day moving average (MA). Following the initial April 2010 decline, the July/August rally also pushed the S&P briefly above the 200-day MA. Both, in 2008 and 2010, the indexes were rebuffed by the 200-day MA. The failure to stay above the 200-day MA in May 2008 was followed by a 53.75% decline in the S&P 500. Former performance leaders like the Financial Select Sector SPDRs (NYSEArca: XLF - News) and KBW Bank ETF (NYSEArca: KBE - News) tumbled 79%, the Technology Sector SPDRs (NYSEArca: XLK - News) dropped 49%. Even conservative sectors such as utilities (NYSEArca: XLU - News) and healthcare (NYSEArca: XLV - News) dropped another 35 - 45%. Like a free diver who comes up for air, the market tends to rally to keep investors engaged before the next leg down. The chart below - which plots bullish advisor sentiment against the price of the S&P 500 from June 2007 - September 2010, illustrates the market's cruel habit of spreading hope just before the hammer drops. [chart]
It Happened Before
Since we are talking about prior market tops, we can't help but mention the mother of all sucker rallies, which occurred in 1929/1930. Following the initial 1929 meltdown, the 1930 rally recouped 50% of the previously lost points. Ironically, the 1930 rally ended on April 16. The 2010 counter trend rally ran its course on April 26. In addition to a near identical termination date, the two rallies rekindled the same kind of bullish sentiment. Below are a few headlines and statement from April 1930. Keep in mind that the Dow went on to decline more than 80% thereafter. 'For the immediate future, the outlook is bright' - Irving Fisher, Ph. D. in Economics 'I see nothing in the present situation that is either menacing or warrants pessimism.' - Andrew W. Mellon, U. S. Secretary of the Treasury 'The depression is over' - Herbert Hoover, President If you escaped the market in time, you might be able to read the following April 2010 headlines with a fair shot of humor and realize the irony: 'As job worries ease, will anything stop the stock market?' – CNBC 'Dow 11,000 is only the beginning' - Wall Street Journal 'Check the real estate: It is time to delve in' - Wall Street Journal
It Happened Recently
It's easy to dismiss any parallels to the Great Depression simply because it happened 80 years ago. However, an 80% drop is nothing unusual and has been seen recently. The Nasdaq (Nasdaq: QQQQ - News) peaked in 2000 and tumbled 78.4% within less than two years. Much evidence suggests that the Nasdaq's woes are not yet over with more losses and lower lows on the horizon. Oil prices tumbled 77% after topping at $147.3 a barrel in 2008. Both, the Nasdaq and oil prices topped at a time when higher prices were a foregone conclusion. With regards to oil, the expectation for higher fuel prices moved all major car manufacturers to advertise and build low MPG cars. As soon as their commercials hit TVs, radios, and newspapers across the country, oil and fuel prices started to drop like a rock. Some still dismiss those declines as sector bubbles, not broad market declines.
It Happened to an Entire Country
The Nikkei is Japan's version of the S&P 500 and covers hundreds of stocks. In 1989, the Nikkei topped at 38,946. Since then, it has dropped over 80% to below 8,000 (see chart below, published in the April 2010 ETF Profit Strategy Newsletter). [chart] Throughout this 20-year decline, the Nikkei had eleven rallies of 20% or more and four that were 50% or more. In total, the Nikkei rallied well over 250,000 rally points, yet it remains 76% below its 1989 peak. The decline of Japan's stock market (NYSEArca: EWJ - News) and economy happened amidst a global bull market. Imagine what can happen to the U.S. stock market during a global recession spurred by European (NYSEArca: FEZ - News) debt woes and global stock market (NYSEArca: EFA - News) weakness. It's human nature to rationalize and invent reasons why something can't happen. It's the stock market's nature to prove investors wrong. Based on parallels that aren't farfetched by any means, a follow through of the post 2007 U.S. equity meltdown is more than just a possibility.
Fundamentals, Technicals, Valuations, and History in Agreement
Investing is about putting the odds in your favor. There is no such thing as a 100% certain profit opportunity. However, there are high probability profit opportunities where the odds of having a winning trade are high and the potential reward is much higher than the potential risk. Such high probability profit opportunities occur when as many indicators as possible point in the same direction. Right now, there is a near unanimous consent between fundamental and technical indicators, along with valuations and historic patterns. The latest ETF Profit Strategy Newsletter includes a detailed analysis of various market forecasting tools, along with a short, mid, and long-term outlook for the U.S. stock market and a target range for the ultimate market bottom. Even though the economic outlook is dim, realistic investors can feel optimistic about the opportunities in the months and years ahead. ,
Gold Rises to Record on Increased Demand for Wealth Protection
Yen hits 15-year high vs dollar
Regional Manufacturing Still Deteriorating
Census Reveals 45m Americans Living in Poverty One in seven Americans is living below the poverty line, it was revealed yesterday. With 45mn Americans officially designated as poor, the US census figures reflect the worst decline in living standards for more than half a century.
Gold to Surge 50% to ‘Real’ Record?
Fed Issues More Debt Than It Needs On Friday, September 10, 2010, Horizon Bank, Bradenton, FL was closed by the Florida Office of Financial Regulation and the Federal Deposit Insurance Corporation (FDIC) was named Receiver. No advance notice is given to the public when a financial institution is closed.
August Foreclosures Highest on Record RealtyTrac, an online foreclosure sale site, will release its monthly numbers on Thursday, but sources there confirm the number of repossessions will come in just shy of 100,000 for the month.
Eco-Fascists Call For Tyranny To Enforce Draconian Agenda Paul Joseph Watson | The ugly face of eugenics peers from behind the mask of environmentalism.
Gold And Silver Hit New Highs For Second Time In One Week Steve Watson | Gold and Silver have once again risen to new highs, with bullion futures soaring close to a record $1,280 an ounce as the dollar fell to a five week low against the euro.
Globalist Foundation Exploits Angry Child to Blame Adults for Fake Climate Change Kurt Nimmo | Boy donning a gangbanger hoodie warns that adults have had their chance to save the earth and now it will be the responsibility of the next generation.
Protest Group Demands Investigation Into Homeland Security Spying Paul Joseph Watson | Latest case follows multi-year trend of authorities being trained to treat peaceful, patriotic Americans as domestic terrorists.
O’Reilly (bill the perve) Says 9/11 Truth Activists Are Dangerous Radicals Kurt Nimmo | Links Muslim scholar and first responder to Ground Zero imam Feisal Abdul Rauf.
White House Science Czar Says He Would Use ‘Free Market’ to ‘De-Develop the United States’ In a video interview this week, White House Office of Science and Technology Director John P. Holdren told CNSNews.com that he would use the “free market economy” to implement the “massive campaign” he advocated along with Population Bomb author Paul Ehrlich to “de-develop the United States.”
Shock Audio: DC Congresswoman Leaves Voicemail Asking For Lobbyist Cash Delegate to Congress for the District of Columbia Rep. Eleanor Holmes Norton leaves voice mail citing her seniority and stimulus-based projects in lobbyist’s “sector”.
U.S. urges Arab states to drop israel nuclear treaty demand Reuters [ Oooooh! Wow! Sounds like a plan! … For world conflagration … Another step toward nuclear prone middle east … israel should be exempt because ….. ‘US – Israel’s partner in crime, not a referee’ … You really can’t make this stuff up; the preposterous s*** coming out of america! ]The U.S. envoy to the UN atomic watchdog urged Arab states to withdraw a resolution calling on Israel to sign an anti-nuclear arms treaty, warning it would send a negative signal to Middle East peace talks. Israelis, Palestinians already broaching tough topics in talks, envoy says (Washington Post) ‘US – Israel’s partner in crime, not a referee’ (Infowars.com) Israeli and Palestinian leaders are holding a new round of direct talks. Bombshell: Barack Obama conclusively outed as CIA creation Wayne Madsen | Investigative journalist Wayne Madsen has discovered CIA files that document the agency’s connections to the lives of Barack Obama and his mother, father, grandmother, and stepfather.
O'Donnell's win throws a challenge at the GOP [ Aw shucks! Change just around the corner say the bipartisan incumbents… change afoot, like wobama’s foot in his mouth / a** change … Let’s get real … no real change is a-coming … but ‘hopium’ (previously discussed) is a powerfully addictive drug. Let’s all awake from this hopium induced stupor and read these government frauds the riot act! Defacto bankrupt american politics are getting downright nasty (AP). Ask nancy pelosi, ‘the wicked witch of the west’ ( only a minute, this political ad by John Dennis is well done and very funny) http://albertpeia.com/nancypelosiwickedwitchofthewest.flv . ] By beating their candidate for the Senate seat in Delaware, the tea party sends a message to the Republican establishment: You are not in charge. Frustration with GOP pushed win O'Donnell's win in the Delaware Senate primary reflects voter sentiment toward party elders.
Fed faces tough choices Shocking CNBC Headline: “Home Price Double Dip Begins” Diana Olick, by far the best reporter at CNBC, and not merely an anchored regurgitator of propaganda bullet points, let one slip today, by posting an article on CNBC titled: “Home Price Double Dip Begins”. Are poll workers being used to inflate jobs totals? Workers at polling places for today’s primary and November’s general election are being required to file tax withholding forms for the first time ever in a move that could be aimed at inflating the nation’s employment numbers.Agency is facing its biggest decision since the end of the financial crisis, confronting a fateful choice this fall whether to take new steps to boost the economy.
U.S. sharpens criticism of China Treasury Secretary Tiny TimGeithner signals a tougher line toward China's economic policies, saying that he plans to persuade China to change how it manages its currency and to treat U.S. businesses more fairly.
Stocks' rise defies record Underestimating the Risks of the Stock Market Keep in mind, this is an election year and as good as it gets, as bad as it is beyond the spun / fake market-frothing data ] [Babak ‘If you spend enough time trading and studying the markets you realize viscerally that markets tend to fall and fall hard much more than they rise. We got a very good example of this in the 2008 bear market where the S&P 500 index gave back in about 18 months all the gains that had taken it almost 5 years to accumulate (March 2003 to October 2007). The theoretical framework that many people use and that which is still taught in finance classes across the globe continues to assume that returns fall into a normal distribution. While it is useful to know that modern portfolio theory and EMH are flimsy theories with no real world applications, it doesn’t help us to recalibrate our instruments to just how asymmetrical stock returns really are. To get at that answer, the research team at Welton Investments compared the actual distribution of returns from the S&P 500 index over the past 50 years with the expected risk based on a Monte Carlo simulation. The results are shown in the chart below: [ chart Source: Tail Risk ] This study shows that investors continuously and severely underestimated negative returns. In fact, going by rolling quarterly losses of 20% or more, investors experienced 5.3 times more of these “fat tail” events than that accounted for by the expectations based on a normal distribution. That difference is huge! Knowing this historical reality, investors have two choices: either don’t play the game (get out of stocks) or play but have a safety net handy for the inevitable fall …’ ]Defying September's track record of being unkind to investors, the stock market has shot up for the past two weeks as investors have grown less fearful the economy will slip into another recession.
O'Donnell's win throws a challenge at the GOP [ Aw shucks! Change just around the corner say the bipartisan incumbents… change afoot, like wobama’s foot in his mouth / a** change … Let’s get real … no real change is a-coming … but ‘hopium’ (previously discussed) is a powerfully addictive drug. Let’s all awake from this hopium induced stupor and read these government frauds the riot act! Defacto bankrupt american politics are getting downright nasty (AP). Ask nancy pelosi, ‘the wicked witch of the west’ ( only a minute, this political ad by John Dennis is well done and very funny) http://albertpeia.com/nancypelosiwickedwitchofthewest.flv . ] By beating their candidate for the Senate seat in Delaware, the tea party sends a message to the Republican establishment: You are not in charge. Frustration with GOP pushed win O'Donnell's win in the Delaware Senate primary reflects voter sentiment toward party elders.
Fed faces tough choices Shocking CNBC Headline: “Home Price Double Dip Begins” Diana Olick, by far the best reporter at CNBC, and not merely an anchored regurgitator of propaganda bullet points, let one slip today, by posting an article on CNBC titled: “Home Price Double Dip Begins”. Are poll workers being used to inflate jobs totals? Workers at polling places for today’s primary and November’s general election are being required to file tax withholding forms for the first time ever in a move that could be aimed at inflating the nation’s employment numbers.Agency is facing its biggest decision since the end of the financial crisis, confronting a fateful choice this fall whether to take new steps to boost the economy.
U.S. sharpens criticism of China Treasury Secretary Tiny TimGeithner signals a tougher line toward China's economic policies, saying that he plans to persuade China to change how it manages its currency and to treat U.S. businesses more fairly.
Stocks' rise defies record Underestimating the Risks of the Stock Market Keep in mind, this is an election year and as good as it gets, as bad as it is beyond the spun / fake market-frothing data ] [Babak ‘If you spend enough time trading and studying the markets you realize viscerally that markets tend to fall and fall hard much more than they rise. We got a very good example of this in the 2008 bear market where the S&P 500 index gave back in about 18 months all the gains that had taken it almost 5 years to accumulate (March 2003 to October 2007). The theoretical framework that many people use and that which is still taught in finance classes across the globe continues to assume that returns fall into a normal distribution. While it is useful to know that modern portfolio theory and EMH are flimsy theories with no real world applications, it doesn’t help us to recalibrate our instruments to just how asymmetrical stock returns really are. To get at that answer, the research team at Welton Investments compared the actual distribution of returns from the S&P 500 index over the past 50 years with the expected risk based on a Monte Carlo simulation. The results are shown in the chart below: [ chart Source: Tail Risk ] This study shows that investors continuously and severely underestimated negative returns. In fact, going by rolling quarterly losses of 20% or more, investors experienced 5.3 times more of these “fat tail” events than that accounted for by the expectations based on a normal distribution. That difference is huge! Knowing this historical reality, investors have two choices: either don’t play the game (get out of stocks) or play but have a safety net handy for the inevitable fall …’ ]Defying September's track record of being unkind to investors, the stock market has shot up for the past two weeks as investors have grown less fearful the economy will slip into another recession.
Israelis, Palestinians already broaching tough topics in talks, envoy says (Washington Post) ‘US – Israel’s partner in crime, not a referee’ (Infowars.com) Israeli and Palestinian leaders are holding a new round of direct talks. Bombshell: Barack Obama conclusively outed as CIA creation Wayne Madsen | Investigative journalist Wayne Madsen has discovered CIA files that document the agency’s connections to the lives of Barack Obama and his mother, father, grandmother, and stepfather.
Where Are The Jobs? Most Americans don’t really care about the economic minutiae that many of us who study the U.S. economy love to pour over.
‘US – Israel’s partner in crime, not a referee’ Israeli and Palestinian leaders are holding a new round of direct talks.
Justice Breyer Suggests “Globalization” Trumps First Amendment Supreme Court Associate Justice Stephen Breyer was indecisive when answering a question about whether or not Pastor Terry Jones’ proposed Koran burning was protected by free speech, suggesting that “globalization” now trumps the First Amendment in the eyes of lawmakers.
Let’s Raise Taxes, Greenspan Tells CFR “I am in favor for the first time in my memory [What memory? Incompetent greenspun is senile! ] of raising taxes,” Greenspan told an audience at the Council on Foreign Relations in New York.
Government Bans Tea Party From Celebrating U.S. Constitution Local government representatives in an Ohio town have taken it upon themselves to prohibit a Tea Party celebration of the US Constitution, prompting a lawsuit over restrictions on First Amendment rights.
Empire State Manufacturing Falls in September
Technical Resistance: Here We Go Again Hui ‘…The odds seem to favor another downleg for a couple of reasons.
First of all, investor sentiment has gotten incredibly bullish in the space of a couple of weeks, which is contrarian bearish.
More important for the intermediate term, the market is facing a number of macro headwinds of economic weakness starting in 4Q. John Hussman noted in his latest weekly comment [emphasis added]: As I've noted frequently in recent commentaries, the typical lag between deterioration in say, the ECRI Weekly Leading Index and the ISM Purchasing Managers Index is about 13 weeks, and sometimes longer. The typical lag with respect to new claims for unemployment is about 23-26 weeks (which puts the likely window of deterioration at about the October - November time frame), and the typical lag with respect to the payroll unemployment report is, not surprisingly, about 4 weeks beyond that.
Uber-bear Albert Edwards put it more bluntly:The current situation reminds me of mid 2007. Investors then were content to stick their heads into very deep sand and ignore the fact that The Great Unwind had clearly begun. But in August and September 2007, even though the wheels were clearly falling off the global economy, the S&P still managed to rally 15%! The recent reaction to data suggests the market is in a similar deluded state of mind. Yet again, equity investors refuse to accept they are now locked in a Vulcan death grip and are about to fall unconscious…’
The Dow Is Overbought on Its Daily Chart
To Dip or Double-Dip? Janjigian There has been a lot of talk lately about whether or not we will have a double-dip recession. I have long been in the camp that says a double-dip is a real possibility. I believe the probability for a second recession is higher now than it was last March. But how does one actually assign a number to this probability? The economists Nouriel Roubini and Martin Feldstein are perhaps the most bearish on the economy. They say the chances of a second recession are about one in three. This means they believe that if the economy were to experience the same exact conditions it is experiencing now hundreds of times, one-third of those times would result in a recession. Another way to look at is that the probability that we will not have a second recession is about 67%. In other words, even the most bearish economists believe there is a much better chance that we will avoid a second recession than there is that we will actually have one … [ Hey, come on! If they only were the most bearish on the economy
To Dip or Double-Dip? Janjigian There has been a lot of talk lately about whether or not we will have a double-dip recession. I have long been in the camp that says a double-dip is a real possibility. I believe the probability for a second recession is higher now than it was last March.
Economists Herald New Great Depression The world is currently experiencing the modern day equivalent of the Great Depression, according to a prominent economist who has added his voice to scores of others now forecasting ongoing economic doom on a scale not seen since the 1930s.) , and my position and that of demographer Dent (This is a global depression. This is a secular bear market in a global depression. The past up move was a manipulated bull (s***) cycle in a secular bear market. This has been a typically manipulated bubble as has preceded the prior crashes with great regularity that the wall street frauds and insiders commission and sell into. This is a typical wall street churn and earn pass the hot potato scam / fraud as in prior crashes’. This national decline, economic and otherwise, will not end until justice is served and the wall street frauds et als are criminally prosecuted, jailed, fined, and disgorgement imposed. Krugman: It's All Downhill From Here Cullen Roche Love him or hate him Paul Krugman has been awfully right with regards to the macro picture in the last few years. He’s one of the rare economists who had the foresight to see the housing bubble and the likelihood of economic downturn that would result from it. Krugman recently caused a stir when he said the US economy was headed for the third depression. He isn’t back down from that outlook
Industrial output growth slows (Reuters) WASHINGTON (Reuters) – ‘U.S. industrial output slowed last month and a regional measure of factory activity touched a 14-month low in September, pointing to a cooling in manufacturing as the boost from an inventory build-up fades. The reports on Wednesday were consistent with other data suggesting the U.S. economy is stuck in a soft spot, but they also showed the manufacturing sector continued to expand and offered nothing to suggest a new recession was brewing. "We have a sharp slowdown, but that doesn't look like it's going to develop into an outright collapse," said Paul Ashworth, senior U.S. economist at Capital Economics in Toronto. Industrial production rose 0.2 percent in August, Federal Reserve data showed, matching economists' forecasts for a sharp slowdown from July when unusually strong auto manufacturing lifted output. July's gain was revised down to 0.6 percent from 1 percent …’
Yen hits 15-year high vs dollar Reuters | The dollar hit a 15-year low against the yen on Tuesday, testing Japanese authorities’ resolve to stem the yen’s climb after Prime Minister Naoto Kan won a party leadership vote.
Six in 10 Canadians live pay to pay Globe and Mail | Fifty-nine per cent of Canadian workers say they would be in financial trouble if their paycheque was delayed by just a week.
IMF fears ‘social explosion’ from world jobs crisis Telegraph | America and Europe face the worst jobs crisis since the 1930s and risk “an explosion of social unrest” unless they tread carefully, the International Monetary Fund has warned.
Shocking CNBC Headline: “Home Price Double Dip Begins” Diana Olick, by far the best reporter at CNBC, and not merely an anchored regurgitator of propaganda bullet points, let one slip today, by posting an article on CNBC titled: “Home Price Double Dip Begins”.
Are poll workers being used to inflate jobs totals? Workers at polling places for today’s primary and November’s general election are being required to file tax withholding forms for the first time ever in a move that could be aimed at inflating the nation’s employment numbers.
Currency Intervention, Bitches After a six year wait, the BoJ has finally had enough of the Federal Reserve’s endless manipulation and has itself intervened in the currency market.
Where Are The Jobs? Most Americans don’t really care about the economic minutiae that many of us who study the U.S. economy love to pour over.
‘US – Israel’s partner in crime, not a referee’ Israeli and Palestinian leaders are holding a new round of direct talks.
Defacto bankrupt american politics are getting downright nasty. Ask nancy pelosi, ‘the wicked witch of the west’ http://albertpeia.com/nancypelosiwickedwitchofthewest.flv .
Justice Breyer Suggests “Globalization” Trumps First Amendment Supreme Court Associate Justice Stephen Breyer was indecisive when answering a question about whether or not Pastor Terry Jones’ proposed Koran burning was protected by free speech, suggesting that “globalization” now trumps the First Amendment in the eyes of lawmakers.
Let’s Raise Taxes, Greenspan Tells CFR “I am in favor for the first time in my memory [What memory? Incompetent greenspun is senile! ] of raising taxes,” Greenspan told an audience at the Council on Foreign Relations in New York.
Government Bans Tea Party From Celebrating U.S. Constitution Local government representatives in an Ohio town have taken it upon themselves to prohibit a Tea Party celebration of the US Constitution, prompting a lawsuit over restrictions on First Amendment rights.
Globalist Soros Declares “Gold Is The Ultimate Bubble”… Again Billionaire globalist George Soros wants you to think that investing in Gold is “unsafe” and that the rallies the precious metal has seen in the wake of the economic implosion are abnormal.
Police Continue to Harass Citizens Who Record Them A number of cases show how police continue to misunderstand citizens’ rights to record their behavior, and they’re now neatly compiled into a video from the Cato Institute.
Anti-Establishment Fervor A Hammer Blow To Washington Elite Amidst the defeat two more establishment Republicans by Tea Party candidates last night, a new Rasmussen poll shows that anti-incumbent challenger Sharron Angle is now tied with Democratic Senate Majority Leader Harry Reid, and stands a good chance of ousting him in November, which would represent a massive blow to the Washington elite.
Karl Rove: Defender of Forever War and a Devastating National Debt Kurt Nimmo | Rove loathes Christine O’Donnell because she represents political change in Washington — and that must be halted at all cost.
Secretive Executive Order Establishes ‘Big Brother’ Health Bureaucracy Eric Blair | Obama quietly signed an Executive Order that some claim lays the foundation for implementing Codex Alimentarius.
Bill Gates Death Panels Tip of Iceberg Paul Joseph Watson, Kurt Nimmo & Alex Jones | Gates in cahoots with the Rockefellers and the bioethics movement to deny health care to Americans.
Anti-Establishment Fervor A Hammer Blow To Washington Elite Paul Joseph Watson | Waiting for an October surprise: The system is cornered, desperate, and dangerous.
Pennsylvania Homeland Security Puts Anti-tax Protesters On List of Terror Threats Kurt Nimmo | Pennsylvania’s Democrat governor Ed Renell says he is “deeply embarrassed” by the disclosure.
Drudgereport: Doomsday warnings of US apocalypse gain ground...
US poverty on track to post record gain under Obama...
Last minute aid helps city dodge default...
NYC Disaster On Primary Day; Machine Glitches Cause Chaos...
Bloomberg Blasts...
Feds probing...
US troops continue combat missions in Iraq, despite Obama's end-of-war speech...
Poll workers being used to inflate jobs totals?
Retirement on Hold: American Workers $6 Trillion Short...
REPUBLICAN ACCUSES WHITE HOUSE OF 'CLASS WARFARE'...
Paul says GOP shares blame for deficits...
Kerry flip-flops on tax cuts...
Muslims protest Quran-burning plan...
Florida pastor calls it off...
Christians rip pages from Muslim holy book in front of White House...
Man ignites Quran near Ground Zero...
VIDEO...
Mosque opponents, supporters face off in downtown NYC...
OBAMA: 'We are not and never will be at war with Islam'...
'Tea party' favorites score in DE, NY...
Establishment Freaks...
'One nation under revolt'...
Christine Smacks Rove: 'So-Called Political Guru'...
CASH POURS IN FOR O'DONNELL; $500,000 IN ONE DAY...
Upsets...
RESULTS...
WIRE...
IN: RANGEL SURVIVES CHALLENGE...
OUT: DC MAYOR VOTED DOWN IN UPSET...
HANGING: DINGELL WARNS DONORS HE COULD LOSE...
Dems gamble by shifting fire to Boehner...
Bill Clinton: New-look GOP makes Bush look liberal!
POLL: Only 25% of public trusts gov't...
The Crash, Obama and Disappearing Dem Majority...
Jobless strain Social Security's disability program (Washington Post) [ Jobless? Strain? Disability? If only that were the only problem for the debacle that will be called ‘social security’. Indeed, even at full employment, those worthless iou’s will still be worthless as this typical capital hill political math project will eventually, as with ponzi schemes generally, end very badly. ]
More banks missing TARP dividend payments [ Isn’t it true as never before in the short history of defacto bankrupt america, that nothing succeeds in america quite like a lack of success? ] Bank Failure Friday Continues at Seeking Alpha ‘…Bank Failure Friday continues with the total number of failures for 2010 now up to 119 on the way to 150 to 200, as the third quarter total ended September 10th at 33. During “The Great Credit Crunch” the FDIC only closed 25 banks during all of 2008. In 2009 the FDIC picked up the pace with 140 bank failures with a peak of 50 in the third quarter of 2009. So far in 2010 the FDIC closed 41 banks in the first quarter, another 45 in the second quarter, and so far 33 for the third quarter. With 119 bank failures so far in 2010 the total for “The Great Credit Crunch” is up to 284 continuing its path to my predicted 500 to 800 by the end of 2012 into 2013 …]
Pearlstein: A bold new breed of bank regulators (Washington Post) [ Wow! Gee! I had always viewed Mr. Pearlstein as a grounded kind of guy. You know … somewhat realistic … I guess I was wrong ‘cause who’s kidding whom? Criminal prosecutions, jail, fines, and disgorgement are the only way to maximize regulatory effectiveness, presently and prospectively. As of now, it pays for the predisposed frauds to take what currently is miniscule chance of prosecution for what have been and remain huge personal and corporate gains. Handcuffs For Wall Street, Not Happy Talk Zach Carter | The fraud allegations that have emerged over the past year are not restricted to a few bad apples at shady companies — they involve some of the largest players in global finance. Finance groups: Long transition to ease new bank rules (Washington Post) [ Basel’s all the rage … Riiiiight! Bonkers for Basel, the thing in rally vogue this day … but, not Basil as in Basil Rathbone of super sleuth Sherlock Holmes film fame who’d make short shrift of this fraudulent wall street contagion that has swept over Europe in a manner to rightfully earn the moniker ‘eventual black Friday plague’ … and then there’s the ‘higher oil price’ part of the suckers’ rally. We can certainly expect Rosanne Rosanna Danna formerly of SNL fame, as night follows the day, to chime in with a reminder as her mama always used to say, ‘it’s always something’ … but unfortunately, that somethin’ is not reality. YAHOO [BRIEFING.COM]: ‘Broad-based buying on the back of Basel III boosted stocks to their fourth straight gain, or seventh advance in eight sessions. Still, participation remained unimpressive ... ‘ AP Business Highlights ‘… Banks get years to adjust to new global rules BASEL, Switzerland (AP) -- Bankers and analysts said new global rules could mean less money available to lend to businesses and consumers, but praised a decision to leave plenty of time -- until 2019 -- before the financial stability requirements come into full force’ ] The requirements adopted by the Basel Committee on Banking Supervision fall short of what's needed to prevent another financial crisis. ]
Asian sites' protection urged to save tigers (Washington Post) [ This is clearly a noble task of the highest order that will effect returns manyfold in the most positive sense for this increasing small and troubled world. ] Just 42 sites across Asia, ranging from temperate forests to tropical grasslands, are key to the survival of one of the world's most iconic, and feared, wild cats - the tiger.
Buried Alive - Prominent Sell Signals
Is the Stock Market Safe? [ This time the consensus is correct, in a ‘fish in a barrel’ kind of way! ]‘In a word, no. That’s the general consensus found in a survey of individual investors done by AP and CNBC this week. As if dealing with two major bear markets since the turn of the century wasn’t enough, all the talk about high frequency trading and the May 6th "Flash Crash" seems to have pushed individual investors over the edge in terms of their comfort level with the stock market. In fact, according to an AP/CNBC poll, 55% of those surveyed believe the stock market is fair only to some investors. The bottom line of this particular survey is that investors are now wary about the idea of using the stock market as a way to invest for retirement. Instead, the survey found that the vast majority of individual investors continue to pump unprecedented amounts of money into what many believe is the most overvalued asset class on the planet – government bonds. One result of the 10-plus year secular bear market in stocks is the gradual erosion of the public’s interest and confidence in stocks as an investment. Of course this HAS happened before. Anyone recall the 1982 cover of Time magazine with the title “The Death of Equities?” Although the cyclical bull market that began in March 2009 remains intact, the public has been pulling money out of the market on a monthly basis. Since January 2008, the Investment Company Institute reports that a total of $244 billion has been withdrawn from US equity funds. Yet at the same time, a total of more than $589 billion has poured into US bond mutual funds, which is an unparalleled amount. It appears that the "Flash Crash" may have been the straw that broke the camel’s back. For example, in the 11 weeks prior to May 6th the public pumped a strong $26.6 billion into equity mutual funds. This is hardly surprising since during that time the market was rising steadily and had gained more than 70% in the past 12 months. However, in the 16 weeks since the "Flash Crash," investors have been running scared. In fact, Investment Company Institute reports that the public has pulled money out of US equity funds each and every week since, with cumulative withdrawals now totaling $55.9 billion. Thus, it would appear that the market’s recent volatility has caused the investing public to lose confidence in the market. The AP/CNBC poll found that 61% of those surveyed felt the volatility has made them less confident about buying and selling stocks. There is also a widespread perception is that the market is rigged or unfair to the little guy. Nearly 90% of the survey respondents whose portfolios are less than $50,000 said the market is unfair to small investors. In addition, the public doesn’t seem to have much faith in the administration to fix the situation in the market. The poll found that just 8% expressed strong confidence in federal regulators while 50% expressed little-to-no confidence in those tasked with overseeing the markets. Does this mean it is time to give up on the stock market as an investment vehicle? We would respond with a resounding “no!” The trick is to understand that the game has changed. After an 18-year bull market, the tide has turned. As such, investors actually have to do something besides putting money into any old mutual fund and closing their eyes. Disclosure: No positions’
Handcuffs For Wall Street, Not Happy Talk Zach Carter | The fraud allegations that have emerged over the past year are not restricted to a few bad apples at shady companies — they involve some of the largest players in global finance.
Hatzius: The Risks Are Still to the Downside
Yen hits 15-year high vs dollar Reuters | The dollar hit a 15-year low against the yen on Tuesday, testing Japanese authorities’ resolve to stem the yen’s climb after Prime Minister Naoto Kan won a party leadership vote.
Six in 10 Canadians live pay to pay Globe and Mail | Fifty-nine per cent of Canadian workers say they would be in financial trouble if their paycheque was delayed by just a week.
IMF fears ‘social explosion’ from world jobs crisis Telegraph | America and Europe face the worst jobs crisis since the 1930s and risk “an explosion of social unrest” unless they tread carefully, the International Monetary Fund has warned.
‘The Great American Stickup’: It Was The Economy, Stupid It is not conspiratorial but rather accurate to suggest that blame can be assigned to those who consciously developed and implemented a policy of radical financial deregulation that led to a global recession.
John Williams Sees The Onset Of Hyperinflation In As Little As 6 To 9 Months As Fed “Tap Dances On A Land Mine” John Williams, arguably one of the best trackers of real, unmanipulated government data via his Shadow Stats blog, has just released a note to clients in which he warns that hyperinflation may hit as soon as 6 to 9 months from today.
Will the Basel III Bank Regulations Change Anything? The much-trumpeted Basel III increase in capital requirements will not be fully phased in until 2019.
Three Powerful Trends Will Push Gold Prices To $1600 UniCredit has upgraded their target price for gold from $1,250 to $1,600 by the end of 2012. The reason for the upgrade is based on three powerful trends: the fear over “money printing” at the Fed (QE), the idea that the Euro sovereign debt crisis represents a condemnation of fiat money and increasing demand for gold from China.
The Real Story Behind Bill Gates And “Death Panels” Bill Gates’ advocacy for “death panels” has caused controversy amongst conservative commentators, but the real outrage behind the story has been completely overlooked – the fact that Gates is a hardcore eugenicist and has called for lowering the global population through vaccines which his foundation funds to the tune of billions.
Asian sites' protection urged to save tigers (Washington Post) [ This is clearly a noble task of the highest order that will effect returns manyfold in the most positive sense for this increasing small and troubled world. ] Just 42 sites across Asia, ranging from temperate forests to tropical grasslands, are key to the survival of one of the world's most iconic, and feared, wild cats - the tiger.
Gates starts to outline cuts to save $100 billion for defense (Washington Post ) [ Oooooh … sounds like a plan! No, not gates’ only slightly less bankrupt nation plan over 5 years which bearly covers the interest on the trillion plus for the wars; but rather, Karzai’s plan for u.s. companies extended to u.s. presence, period! ] Defense Secretary Robert Gates on Tuesday said the Pentagon must get "more bang for its buck and shift its focus to the military's needs for the future." Karzai wants private security firms out of Afghanistan: KARZAI WANTS COMPANIES OUT U.S. calls 4-month deadline 'very challenging' (Washington Post) One too many civilian killed. Maybe they figured out that american non-strategy employing the Hegelian methodology of creating problems that American firms can solve. Doomed to failure, they eventually catch on. The bushes were famed for same but wobama has foolishly been no slouch in this regard.
Ex-CIA Agents Confirm Torture at Polish Black Site Former CIA agents have confirmed rumors that the agency tortured terror suspects at a detention center in Poland. One agent allegedly held a drill to a prisoner’s head while he was naked and hooded.
Blair’s Journey: US medal for ‘war criminal’? Former British Prime Minister Tony Blair will receive a prestigious American medal for human rights work. But in his ten years as premier, Blair went from huge popularity to being called a U.S. poodle. His policies in Iraq and Afghanistan earned him accusations of having blood on his hands. And as Laura Emmett reports, many are outraged at his latest award.
Big Sis To Get Expanded Role In Policing Internet Two cybersecurity bills that would hand President Obama the power to shut down parts of the Internet in the event of a national emergency have now been merged into a single unified piece of legislation that Democrats will try to pass before the end of the year, with the Department of Homeland Security being given a larger role in policing the world wide web.
Peace Activist Cindy Sheehan: “I am A 9/11 Truther” Cindy Sheehan, the anti-war activist who lost her son to the ongoing war in Iraq, delivered an impassioned and emotional speech during which she specifically addressed concerns over the 9/11 attacks and stated that she believes they were orchestrated by elements of the U.S. government for political gain.
Soros Front Group Exploits Teenage Celebrity to Get Out Vote for War Party Soros and crew want to get out the vote at all cost, even if they have to exploit kids.
Gold and Silver Explode as Banksters Abandon Market Manipulation Gold has surged to a new high as the prospect of inflation reared its ugly head in the United Kingdom on bad news from a report indicating a weaker-than-expected eurozone industrial production. Germany and France, despite sovereign debt fears, have been able to manage anemic growth but today’s data signals a slow down.
Allegation: Americans Flooded Out Millions in Pakistan to Protect U.S. Drone Military Base Feryal Ali Gauhar served as a Goodwill Ambassador for the United Nations Population Fund and is the only UN Goodwill Ambassador who quit over the invasion of Iraq.
The Biocratic Utopians Part I: Prussian Grenadiers Jurriaan Maessen | The ambition of the biocrats is to create a “superior” class of men.
Gold and Silver Explode as Banksters Abandon Market Manipulation Kurt Nimmo | Gold traded as high as $1,261.90 on Tuesday.
Big Sis To Get Expanded Role In Policing Internet Paul Joseph Watson | Democrats want “Kill Switch” bill passed this year.
Soros Front Group Exploits Teenage Celebrity to Get Out Vote for War Party Kurt Nimmo | The Twitter crowd needs to know that the health of the state is perpetual war.
Expanding U.S.-Canada Security and Economic Partnership Dana Gabriel | NAFTA partners are pursuing a more bilateral agenda for advancing continental integration.
Cuba to cut 500,000 workers, reform salaries (Washington Post) [ Boy, when Castro said communism wasn’t working for them anymore, he wasn’t kidding! No gloating for defacto bankrupt, pervasively corrupt america which is a far cry from capitalism and but a whisper from collapse itself.]
Banks miss TARP payments (Washington Post) [ Sounds like a plan! … Bank Failure Friday Continues at Seeking Alpha ‘…Bank Failure Friday continues with the total number of failures for 2010 now up to 119 on the way to 150 to 200, as the third quarter total ended September 10th at 33. During “The Great Credit Crunch” the FDIC only closed 25 banks during all of 2008. In 2009 the FDIC picked up the pace with 140 bank failures with a peak of 50 in the third quarter of 2009. So far in 2010 the FDIC closed 41 banks in the first quarter, another 45 in the second quarter, and so far 33 for the third quarter. With 119 bank failures so far in 2010 the total for “The Great Credit Crunch” is up to 284 continuing its path to my predicted 500 to 800 by the end of 2012 into 2013 … (see rest of article infra)]
Economy's fallout (Washington Post) The fallout of a troubled economy [ I’m sorry to say that … you ain’t seen nothing yet … much worse to come! ]From foreclosure to food shortages, the recession set in motion by the financial crisis of 2008 is having a broad and deeply-felt global impact.
Doomsday warnings of US apocalypse gain ground AFP | Economists peddling dire warnings that the world’s number one economy is on the brink of collapse.
A subtler tack to fight Afghan corruption? (Washington Post) [ How about a not so subtler tack to fight corruption starting right here in the u.s. of a. where corruption and crime are pervasive and in fact, at the root of the Afghanistan problems, from american reinvigorated heroin trade to bribery attendant thereto to killing civilians, etc.. Defacto Bankrupt, Meaningfully Lawless, War Criminal Nation america, the leader of nations … in crime:
Though having but 5% of the world’s population, america can boast 76% of the world’s serial killers, followed by Europe with England/UK then Germany leading the way for the eu [excerpt, 6 minute video, Serial Killers: Real Life Hannibal Lechters http://www.albertpeia.com/realifeamericaserialkillers.mpg (as is consistent with crime generally, see infra)]. Defacto bankrupt, fraudulent america also spends more on offensive (defensive a misnomer / propaganda) military spending than all the nations of the world combined, and by a large margin at that. Do you see a pattern emerging here [ I unfortunately only belatedly did, and the feds, fed employees, cia, all 3 branches of the u.s. government, etc., are included in this evolved american trait of inherent criminality in the most nefarious sense ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) ]:
CRIME STATISTICS > TOTAL CRIMES (MOST RECENT) BY COUNTRY SHOWING LATEST AVAILABLE DATA (america’s No. 1).
Rank | |||
# 1 | 11,877,218 |
| |
# 2 | 6,523,706 |
| |
# 3 | 6,507,394 |
|
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Doomsday warnings of US apocalypse gain ground AFP | Economists peddling dire warnings that the world’s number one economy is on the brink of collapse.
Handcuffs For Wall Street, Not Happy Talk Zach Carter | The fraud allegations that have emerged over the past year are not restricted to a few bad apples at shady companies — they involve some of the largest players in global finance.
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