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 (Only up to 3-11-11-you must be logged in - (Washington Post) [ Comments COMMENTS ARE CLOSED WHILE WE UPGRADE OUR SYSTEMS ] the comments are no longer archived on their site ) . The following is the cumulative archive of blog posts / topics for 2010 as the new year starts anew (and archived by quarter): http://albertpeia.com/December312010postsarchive.htm or PDF formatted version
http://albertpeia.com/December312010postsarchive.pdf ]
Deal will cut $37.8 billion from federal budget (Washington Post) [ US Lawmakers Reach Budget Agreement Voice of America/ Drudgereport: 11TH HOUR: LET'S MAKE A DEAL [ Hopes of the people dashed with last-minute budget deal avoiding shutdown – This may seem 20/20 hindsightish but I always thought the probabilities were against a shut-down, if only because of the additional 'paperwork' that would be engendered thereby, and the relatively small, insignificant budgetary amounts involved in separating the two parties. Some are totally skeptical and correctly so: Hoyer: “No Budget Deal Yet But 70% Agreement” Means Soap Opera Almost Over Zero Hedge Government Shutdown “Equivalent of Bombing Innocent Civilians” Kurt Nimmo | Democrats have worked themselves into a lather over the absurd circus sideshow billed as a government shutdown. Davis ‘… This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ . Previous: White House talks fail to produce budget deal (WP) [ Hope is still alive say the people who hope they're prayers for a government shutdown are answered ... after all, they can't muck up what they're not in session to f*** up ... then, they're plenty to spare … More Americans work for the government than in manufacturing, farming, fishing, forestry, mining and utilities combined Today in America there are nearly twice as many people working for the government (22.5 million) than in all of manufacturing (11.5 million). Defacto bankrupt america the new marxian dream … eh, comrade ? Talks to avert shutdown make no headway (WP) The people are sayin' there's still hope as no way as in no headway is the right way. After all, the Dems are playin' political pretend here given the magnitude of defacto bankrupt america's insurmountable debt {GOP’s plan for 2012 budget comes in at $6.2 trillion less than Obama’s (WP) ] To keep the government running through Friday, lawmakers approve a short-term spending measure and say the final agreement will be approved next week. If that happens, the measure will cut $37.8 billion from the federal budget through the end of September.
Sinking together in hostile embrace (Washington Post) [ This, of course, is the correct headline for what has now literally become a 'Titanic' (you may recall the oft heard quips analogizing the washington process to rearranging the deck chairs on the Titanic; and the scenario has only gotten much worse, not better, in that intervening time) of a nation. 'Washington is still broken' … duh! … ya think? And, that the ultimate understatement. Smart people are hearing none of that self-serving rhetoric, propaganda in noting the insurmountability of this debt debacle. 'Davis ‘… This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ . Moreover, the amounts here don't even cover interest on the debt, and soon borrowing to pay just the interest will take on a life and end of its own. It might very well be that they've actually thrown in the towel on what their approach has made and now is recognized as unsolvable by them if they are to maintain their own stipends. How tragic and pathetic at once! ] THE TAKE | This should have been the easy battle. Instead, it turned from confrontation to stalemate.
SEC to study private trading rules (Washington Post) [ Now tell me … how does the SEC shirk their responsibility, mission, purpose when dealing with a security and fraud together? What is a security? … hornbook law and the first thing you learn in Securities Law. That they along with the DOJ shirked their responsibilities, mission, and purpose in the last and continuing financial crisis / debacle in favor of the biggest, too big to fail perpetrators, there is no question. There are loads of worthless paper qualifying as securities being churned and foisted off every day which this one, big cottage (cheesey) industry (including enforcement) tends to indulge rather than prosecute, fine, jail and seek digorgement from (they would really help the budget scenario by doing the opposite; as per their responsibilities, mission, and purpose). Overvalued paper at best, fraudulent securities at worst: Selling In May Is Very Good Advice This Year Harding [ { April Is a Good Time to Sell ( I quite agree … overvalued to the hilt in this new manipulated bubble … at the least a 'sell in May and go away', but 'don't be mentally ill, sell in April!' ) Adler , see infra, immediately after Harding } 'It’s that time of year again when I always remind you of the market’s seasonality, its proven tendency to make most of its gains between November and May, and experience most of its losses in the opposite period.
I get a kick out of people who dismiss it as an interesting theory that doesn’t always work. It’s not theory. It’s proven fact. In spite of the few years when it has not worked, investing over the long-term based on the market’s seasonality significantly outperforms the market, and with much less risk.
Don’t take my word for it. Academic studies provide clear evidence...' ] As investors seek shares in shadow markets, agency seeks reduced regulatory burden on small business.
Shutdown theatrics (Washington Post) [ Well, here I am again, somewhat implausibly (we're so … opposite) agreeing with at least the tenor of Mr. Milbank's article; and at the least, the trillions part. More show than substance … sure … but that's just unfortunately the devolution of american politics in the most negative sense, regardless of party. Politics of decline? … Absolutely. New? … Not at all … the history books are replete with the carcasses of such failed nations as pervasively corrupt, defacto bankrupt america. [ US Lawmakers Reach Budget Agreement Voice of America/ Drudgereport: 11TH HOUR: LET'S MAKE A DEAL [ Hopes of the people dashed with last-minute budget deal avoiding shutdown – This may seem 20/20 hindsightish but I always thought the probabilities were against a shut-down, if only because of the additional 'paperwork' that would be engendered thereby, and the relatively small, insignificant budgetary amounts involved in separating the two parties. Some are totally skeptical and correctly so: Hoyer: “No Budget Deal Yet But 70% Agreement” Means Soap Opera Almost Over Zero Hedge Government Shutdown “Equivalent of Bombing Innocent Civilians” Kurt Nimmo | Democrats have worked themselves into a lather over the absurd circus sideshow billed as a government shutdown. Davis ‘… This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ . Previous: White House talks fail to produce budget deal (WP) [ Hope is still alive say the people who hope they're prayers for a government shutdown are answered ... after all, they can't muck up what they're not in session to f*** up ... then, they're plenty to spare … More Americans work for the government than in manufacturing, farming, fishing, forestry, mining and utilities combined Today in America there are nearly twice as many people working for the government (22.5 million) than in all of manufacturing (11.5 million). Defacto bankrupt america the new marxian dream … eh, comrade ? ] It was an absurd dispute over crumbs.
NATO regrets deadly strike on Libya rebels (Washington Post) [ Regrets? Not really. After all, just yesterday they were talking 'no apologies!' 'Nuff said … or, in new american lingo, 'snuff's said'. Yet, all this as the NATO members sink deeper and deeper into debt, if not as america, defacto bankruptcy. Regrets, they've had a few … Now how does that song go … what is it 'Their Way' …
And now, the end is here
And so they face the final curtain
Their friend, they'll say it clear
they'll state their case, of which they're certain
they've lived a life that's full
they traveled each and ev'ry highway
And more, much more than this, they did it their way
Regrets, they've had a few
But then again, too few to mention
they did what they had to do and saw it through without exemption
they planned each uncharted course, each reckless step along the byway
And more, much more than this, they did it their way …
Well, you know the real song … sung distinctively by the great singers, Elvis Presley, Frank Sinatra … But people should be reminded, they're both dead …
Congress Delivered Articles of Impeachment for tyrant Obama Bruce Fein | A prominent libertarian constitutional lawyer and civil libertarian has drafted an article of impeachment against President Obama. Article II, Section IV of the United States Constitution provides: “The President, Vice President and all civil Officers of the United States, shall be removed from Office on Impeachment for, and Conviction of, Treason, Bribery, or other high Crimes and Misdemeanors.”
Libya rebels unlikely to oust Kadhafi: US general Western allies have stepped up “non-lethal” aid to Libyan rebels hours after a rebel armoured unit was hit by apparent NATO ‘friendly fire’, sources said.
Obama Successfully Demobilized the Anti-war Movement
Why Is NATO Really In Libya?
A test of Obama’s leadership style (Washington Post) [ Leadership style? Are you kiddin'? What leadership? 'Wobama's been a failed president since his first broken campaign promise; and there've been plenty more since then. The man's a total fraud!
Obama says shutdown would be ‘inexcusable’ (WP) [ What is totally inexcusable is 'wobama the b' (for b*** s***) continuing in the office of the Presidency. He is an abject failure and a total fraud. He should be impeached and removed from office. Time for clichéd, stereotypical, 'mr. for a nickel he will' to go! GOP lawyer circulating wobama impeachment article on Hill...
Constitutional Problems with the Libyan War Ron Paul | The costs of this terrible mistake cannot be ignored. Obama Raises American Hypocrisy To A Higher Level 10 Reasons Obama is Just As Bad or Worse Than Bush AP 4-5-11 ] NATO officials grudgingly express regret for mistakenly bombing rebel forces in Libya and killing at least five people the previous day.
Selling In May Is Very Good Advice This Year Harding [ { April Is a Good Time to Sell ( I quite agree … overvalued to the hilt in this new manipulated bubble … at the least a 'sell in May and go away', but 'don't be mentally ill, sell in April!' ) Adler , see infra, immediately after Harding } 'It’s that time of year again when I always remind you of the market’s seasonality, its proven tendency to make most of its gains between November and May, and experience most of its losses in the opposite period.
I get a kick out of people who dismiss it as an interesting theory that doesn’t always work. It’s not theory. It’s proven fact. In spite of the few years when it has not worked, investing over the long-term based on the market’s seasonality significantly outperforms the market, and with much less risk.
Don’t take my word for it. Academic studies provide clear evidence.
For instance, a 27-page study published in the prestigious American Economic Review in 2002 concludes, “We found that this inherited wisdom of Sell in May to be true in 36 of 37 developed and emerging markets” It went on to say that, “A trading strategy based on this anomaly would be highly profitable in many countries. The annual risk-adjusted outperformance ranges between 1.5% and 8.9% annually depending on the country being considered. The effect is robust over time, economically significant, unlikely to be caused by data-mining, and not related to taking excess risk.”
Another study in 2008 at the New Zealand Institute of Advanced Study, which focused solely on the U.S. stock market, concluded that “All U.S. stock market sectors, and 48 out of 49 U.S. industry sectors performed better during the winter months than summer months in our sampling from 1926-2006.”
Let’s put the fact that it doesn’t work every year in context.
To begin with, no strategy, particularly buy and hold, works every year. And that is also true of seasonality. For instance, it underperformed in 2003 and 2009. In those years the market made gains in the winter months, and then, fueled by massive government stimulus programs, continued still higher during the summer months when a seasonal investor would have been invested in something other than stocks.
But the seasonal investor did not lose money by being out of the market in the unfavorable season in those years. He or she merely missed further gains. But when an investor is in the market in unfavorable seasons in which the market experiences the serious declines that most often take place in unfavorable seasons, that investor actually loses money. Those losses can be substantial, with investors giving back much, if not all of the gains made in the previous favorable season. For instance, from May 1st to its low during the summer months, the S&P 500 lost 22% of its value in 2001, 24% in 2002, 38% in 2008, and even 16% in the early summer correction in the positive year last year. Those are the experiences that created the ‘lost decade’ that buy and hold investors experienced but which seasonal investors avoided.
Why might seasonality be even more important this year than in other years?
Negatives are piled up against the economy and market to a degree not seen in a number of years. They include rising inflation; global central banks raising interest rates to ward off inflation, which is also likely to slow their economic growth; signs of the U.S. economy slowing again (sharp declines in home sales, durable goods orders, and consumer confidence); the coming end of the Federal Reserve’s QE2 stimulus efforts in June; and the austerity measures Congress will be forcing on the country in efforts to bring the record budget deficit under control.
Then there is the high level of investor bullishness usually seen near market tops. For instance, the Investors Intelligence Sentiment survey shows bullishness has jumped up to 57%, while bearishness has fallen to just 15.7%. That spread of 41.6% is considered to be in a danger zone. The last time it reached 40% was in October, 2007, as the market topped out into the 2007-2009 bear market.
So, fair warning. Seasonality is liable to be even more important this year than in most years.
The traditional seasonality maxim, ‘Sell in May and Go Away’, calls for buying November 1 and selling on May 1 of the following year. Those dates were the basis for the academic studies mentioned earlier.
But obviously a positive market move does not begin and end on the same day each year. So in my 1999 book Riding the Bear – How to Prosper in the Coming Bear Market, I introduced my Seasonal Timing Strategy. It uses a technical indicator that tracks market momentum reversals to better identify the entries and exits. Over the last 40 years, its exit signals have been as early as April 20, and as late as June 20.
The modification significantly improved the already impressive performance of the basic ‘Sell in May and Go Away’ seasonal strategy. In a recent article on MarketWatch, Mark Hulbert wrote that the Hulbert Financial Digest has only been tracking the performance since mid-2002, and since then “Harding’s modification of the Sell In May and Go Away indicator produced an 8.2% annualized return . . . with 37% less risk.” That significantly beat the performance of the S&P 500.' April Is a Good Time to Sell [ I quite agree … overvalued to the hilt in this new manipulated bubble … at the least a 'sell in May and go away', but 'don't be mentally ill, sell in April!' ] Adler 'Both banks and foreign central banks [FCB] have normal buying cycles, and last week’s evidence suggests that both are just past the peak of those cycles. In addition, because of Japan’s predicament, FCB buying is for the foreseeable future, likely to be well below the necessary levels to keep levitating stocks. Add to that, the loss of the 2 month long, $25 billion weekly stipend from the Treasury on March 24, and we have the conditions for a rough patch.
With less help from the Treasury, the banks, and FCBs, the Fed would have its hands full keeping all its balls in the air. Some would be likely to hit the ground, but not this month. That’s because of the light Treasury supply that I covered in the Treasury update. That makes the job much easier this month, even without the banks and the FCBs.This week is one of those easy weeks, with lots of Fed pumping and no new Treasury supply ...
The evidence shows that banks are again out of the Treasury buying game. It also shows that they lost money in the first quarter, which is insane considering that their cost of funds is zero. It’s an indication of just how dire the circumstances are. Banks continue to accumulate cash at a frantic rate in their accounts at the Fed. The last time reserves rose this fast was in the midst of the crisis in 2008.
...These elements essentially neutralize the Fed’s pumping. ..
In the meantime I would not wait to "sell in May and go away." April looks like a good time to scale out of all equity longs, including in particular broad based ETFs, like SPY (SPY), DIA (DIA), QQQ (QQQ), and IWM (IWM). Aggressive traders and hedgers can use strength to establish short positions probably around mid-month and after ...' ]
FLASHBACK: MM Gameplan Recap: 3/11/11 - Mad Money HomegamerMar 11, 2011... Cramer said it's recently been hit by higher oil prices. ... Cramer is interested for its comments on whether $100+ oil has ... Cramer: I'm Not a Bull at $110 Oil … Cramer's 'Mad Money' Recap: Oil Key to Game Plan (Final) – TheStreet [ Wall Street shock jock and perma bull cramer eats his words … somewhat … since being not as bullish is a far cry different from being 'not a bull' … but words are cheap, in pervasively corupt, defacto bankrupt america generally and wall street particularly. 'They' must have given him a 'talkin' to' for not being a fraud team player.]
Apr 8, 2011 ... NEW YORK (TheStreet) -- 'With the price of oil breaching the $110 a ... time oil surged this high, and they're likely to hit the brakes yet again. ... NEW YORK (TheStreet) -- With the price of oil breaching the $110 a barrel level, Jim Cramer told the viewers of his "Mad Money" TV show Friday that we've officially "entered the danger zone" where the price of oil will matter more than corporate earnings. Cramer said he simply cannot be as bullish on the markets as he once was, and advised investors to begin using strength to raise cash. "Take a lesson from 2008," Cramer told viewers as he outlined his game plan for next week's trading. He said the markets faltered the last time oil surged this high, and they're likely to hit the brakes yet again. "I'm going to become more bearish as oil continues to climb," Cramer told viewers frankly. ...'
Keep it Simple - Here's What's Really Driving Stock Prices
Toshiba proposes to scrap 4 nuke reactors at Fukushima plant [ Am I missing something here … some failed attempt at (Japanese) humor … Wow! … remind me not to buy a Toshiba computer (I’ve also just eliminated dell and apple’s just not worth it). The only explanation is that the radiation must be eating at their brains. Was this proposal ever in doubt … even necessary? I’m at a loss for words! I really am! ] TOKYO, April 8 (Xinhua) -- Toshiba Corp. submitted a proposal to Tokyo Electric Power Co. (TEPCO) and the Ministry of Economy, Trade and Industry (METI) to decommission four troubled reactors at the Fukushima Daiichi nuclear power plant, ...
Stocks End Lower Friday, Mixed for Week Midnight Trader 4:24 PM, Apr 8, 2011 --
1. NYSE down 5.39 (-0.1%) to 8,483.94
2. DJIA down 29.44 (-0.2%) to 12,380
3. S&P 500 down 5.34 (-0.4%) to 1,328
4. Nasdaq down 15.73 (-0.6%) to 2,780
GLOBAL SENTIMENT
· Hang Seng up 0.47%
· Nikkei up 1.85%
· FTSE down 0.81%
UPSIDE MOVERS
(+) EXPE splitting in two publicly traded companies.
(+) STX continues evening gain that followed revenue figures, reinstated dividend.
(+) NXPI subject of takeover speculation.
(+) CFW gains as drillers remain active.
(+) LPSN added to S&P SmallCap 600.
(+) LLNW started with Buy rating.
(+) BYI downgraded.
(+) JEF announces stock offering.
DOWNSIDE MOVERS
(-/+) ARR to sell shares.
(-) HERO continues evening drop that followed SEC subpoena.
(-) SGMO announces stock offering.
(-) CLX downgraded.
(-) SPR shareholders selling stock.
(-) COST downgraded.
(-) AIS says NDA for Anturol gel accepted for review.
MARKET DIRECTION
Stocks ended lower after a mixed session. For the week, the DJIA ends just in positive territory but the tech-heavy Nasdaq and S&P 500 dropped 0.3%. New data showed a rise in wholesale inventories in February, indicating that retail buyers may be curbing purchases. Adding to the mix were hawkish comments from the Dallas Federal Reserve president and ongoing concern following another strong earthquake in Japan.
February wholesale inventories rose 1%, matching the downwardly revised 1% gain in January, the Commerce Department reported. Sales by wholesalers fell 0.8% in February, while the inventory-to-sales ratio was 1.16, Marketwatch.com reports.
Meanwhile, Dallas Fed President Richard Fisher lobbed criticism at the Fed's $600 billion bond-buying program. Fisher said the bank should look at "curtailing what remains of the program," according to The Wall Street Journal.
In company news:
Goldman Sachs Group Inc. (GS) and Morgan Stanley (MS) said Friday they have increased the size of an accelerated bookbuilding offer to place a stake of up to 10.1% in Spanish travel company Amadeus IT Holding SA among qualified investors, Dow Jones Newswires reports. The move comes after both banks said late Thursday they planned to sell a stake of up to 6.7% on behalf of current Amadeus shareholders that they didn't identify.
NXP Semiconductors (NXPI) is seeing aggressive upside momentum, boosted by a Reuters report the company is in takeover talks with Intel (INTC). Qualcomm (QCOM) and Broadcom (BRCM) are also reportedly in talks with the company about a deal.
Expedia (EXPE) said its board has preliminarily approved a plan to separate Expedia, Inc. into two publicly traded companies. TripAdvisor, which will include the domestic and international operations associated with the TripAdvisor Media Group, which includes its flagship brand as well as 18 other travel media and advertising brands, and Expedia, Inc., which will continue to include the domestic and international operations of the company's travel transaction brands including Expedia.com, Hotels.com, eLong, Hotwire, Egencia, Expedia Affiliate Network, CruiseShipCenters, Venere, Classic Vacations and carrentals.com.
Seadrill (SDRL) has through its affiliate, Sea Dragon de Mexico, settled a final agreement with Pemex Exploracion y Produccion (Pemex) for the provision of the ultra-deepwater semi-submersible drilling rig West Pegasus. The five-year assignment in Mexico has a fixed operating dayrate for the first two years, and the dayrate will be adjusted annually thereafter based on market conditions. Estimated contract value is approximately US$850 million (excluding mobilization fee) assuming a constant dayrate over the five year term.
Shares of Novartis (NVS) are higher in as Alcon (ACL) announced that its shareholders approved the merger of Alcon into Novartis AG at its Annual General Meeting of Shareholders.
Shares of Procter & Gamble (PG) are lower and the consumer products maker announced later yesterday it is conducting a voluntary recall of ten shades of Clairol Natural Instincts in the United States, Canada and Puerto Rico.
Hercules Offshore (HERO) is down just over 8% in early trading after it said late Thursday it received a subpoena issued by the Securities and Exchange Commission requesting the delivery of certain documents in connection with its investigation into possible violations of securities laws, including the Foreign Corrupt Practices Act (FCPA).
In earnings news:
--Seagate Technology (STX) is out with certain preliminary fiscal Q3 results. Seagate management expects to report revenue of approximately $2.7 billion, unit shipments of 49 million and gross margin as a percent of revenue near or slightly above the high-end of the original outlook range of 18-19%. The Street's revenue estimate is at $2.62 billion.
Commodities are higher. June gold contracts are up $14, or 0.97%, to $1,473 an ounce while May crude oil contacts are up 1.29%, or $1.42, at $111.72 a barrel.
In energy ETFs, the United States Oil Fund (USO) is up 1.34% to $44.60 and the United States Natural Gas fund (UNG) is down $0.04, or 0.3%, to $10.59.
In precious metal ETFs, the SPDR Gold Trust (GLD) is up 0.73% at $143.53. Market Vectors Gold Miners (GDX) is up 2.4% to $64.02. iShares Silver Trust (SLV) is up 1.83% to $39.45.'
US Lawmakers Reach Budget Agreement Voice of America Drudgereport: 11TH HOUR: LET'S MAKE A DEAL [ Hopes of the people dashed with last-minute budget deal avoiding shutdown – This may seem 20/20 hindsightish but I always thought the probabilities were against a shut-down, if only because of the additional 'paperwork' that would be engendered thereby, and the relatively small, insignificant budgetary amounts involved in separating the two parties. ] Hoyer: “No Budget Deal Yet But 70% Agreement” Means Soap Opera Almost Over Zero Hedge | Supposedly 30% disagreement on a binary issue is good news. White House talks fail to produce budget deal (Washington Post) [ Hope is still alive say the people who hope they're prayers for a government shutdown are answered ... after all, they can't muck up what they're not in session to f*** up ... then, they're plenty to spare … More Americans work for the government than in manufacturing, farming, fishing, forestry, mining and utilities combined Today in America there are nearly twice as many people working for the government (22.5 million) than in all of manufacturing (11.5 million). Defacto bankrupt america the new marxian dream … eh, comrade ? ... Talks to avert shutdown make no headway (WP) The people are sayin' there's still hope as no way as in no headway is the right way. After all, the Dems are playin' political pretend here given the magnitude of defacto bankrupt america's insurmountable debt {GOP’s plan for 2012 budget comes in at $6.2 trillion less than Obama’s (WP) Proposal represents GOP’s most comprehensive philosophical statement since midterm wins.(and then there's all that funny money)}. Davis ‘… This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ . With deadline near, spending accord is elusive (WP) [ If only their spending was as elusive as accords. Oh, there's no question but that they really know how to spend your money at the further expense of children … yet, elusive in this context is a good thing as hope still remains … House GOP leaders turn to Dems for deal (WP) [ Of Dees, Dems, Does, and Gops … Sounds like a plan … Not! … The people are still hoping, praying … will their dream come true? … Government shutdown looms- (WP) [ Shutdown? ... One can only hope, and pray ... after all, they can't muck up what they're not in session to f*** up ... ] After back-to-back meetings at White House and on the Hill, Obama and congressional leaders remain billions of dollars apart as the first federal government shutdown in more than 15 years draws closer. ] President Obama and congressional leaders met again Thursday night to try to negotiate a deal on a spending bill that would avert a looming federal government shutdown. ”Differences have been narrowed,” Obama said.
Congress Delivered Articles of Impeachment for tyrant Obama Bruce Fein | A prominent libertarian constitutional lawyer and civil libertarian has drafted an article of impeachment against President Obama.
A test of Obama’s leadership style (Washington Post) [ Leadership style? Are you kiddin'? What leadership? 'Wobama's been a failed president since his first broken campaign promise; and there've been plenty more since then. The man's a total fraud!
Obama says shutdown would be ‘inexcusable’ (WP) [ What is totally inexcusable is 'wobama the b' (for b*** s***) continuing in the office of the Presidency. He is an abject failure and a total fraud. He should be impeached and removed from office. Time for clichéd, stereotypical, 'mr. for a nickel he will' to go! GOP lawyer circulating wobama impeachment article on Hill... Constitutional Problems with the Libyan War Ron Paul | The costs of this terrible mistake cannot be ignored. Obama Raises American Hypocrisy To A Higher Level 10 Reasons Obama is Just As Bad or Worse Than Bush AP 4-5-11 George W. Bush was clearly a mentally-challenged puppet of the military/banking/oil elite. The policies put it in place at breakneck speed after 9/11 were provably predetermined by think tanks well in advance... but there was a noticeable in-your-face quickening of corporate-government tyranny under Bush.
These policies like wars of aggression, illegal surveillance of Americans, torture of detainees indefinitely held without formal charges, unfair “free trade” agreements, and bank bailouts ... these policies accelerated under Obama, even more of the draconian playbook is unfolding.
After 8 years of Bush’s reign that ended with a record low presidential approval rating in the low 20s, Obama’s promise of hope and change ...Although policies being implemented under Obama’s leadership exhibit the continuation of Bush’s tyrannical agenda, his stunning betrayal of populist and Constitutional principles in support of these actions makes him the ultimate hypocrite...
There have been many articles written about Obama’s unkept promises and outright lies, but here are 10 actions that prove Obama is just as bad if not worse than Bush:
1) Bank/Corporate Bailouts...
2) Betrayal of the Poor...
3) Expansion of Free Trade: Obama excoriated NAFTA, GATT and other so-called “Free Trade” agreements that were put in place under Clinton and Bush (with CAFTA)...These free trade agreements are designed to only help the multinational corporations who wrote them, and who Obama now works for. … the government moves forward with many new similar agreements.
4) Escalating Wars of Aggression...
5)Internet Rights Eroding...
6) Finally, the DHS has been arbitrarily seizing domain names, which is clearly unconstitutional … Obama is completely in bed with Google and others in the corporate information cartel...
7) Free Speech Restrictions...
8) Illegal Domestic Surveillance...
9) Rule of Law is Dead...
10) Obamacare Fascism... ]
From Egypt to Libya and now the budget, the questions on leadership style have followed a consistent pattern.
A Crack in the Great Wall-mart: Watch Out for Rising Prices from China Jason Kaspar | If inflation is to hit home in the heartland of America, it will certainly begin at Wal-Mart.
Portugal defaults, America on the waiting list? RT | Prime Minister of Portugal asked the European Union for a bailout.
Two George Soros Events Aim to Remake Financial Order and Media Dan Gainor | His flunkies want to “Change the world. Change the media.”
The Dollar Is Getting Crushed As Oil Hits $111, Gold Hits $1470, Silver Hits $40, And Euro Hits $1.44 It’s not too surprising, since we’re seeing one of these classically “risk on” type of days that have defined this whole rally, but the dollar is getting killed against everything.
Wild And Crazy 2011: 10 History-Shattering Events That Have Shaken The Financial World To The Core 2011 has already had more history-shattering events than almost any other year since World War 2.
(4-8-11) Dow 12,380 -29 Nasdaq 2,780 -15 S&P 500 1,328 -5 [CLOSE- OIL $112.79 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.67 (reg. gas in LAND OF FRUITS AND NUTS $4.07 REG./ $4.14 MID-GRADE/ $4.22 PREM./ $4.27 DIESEL) / GOLD $1,474 (+24% for year 2009) / SILVER $40.62 (+47% for year 2009) PLATINUM $1,796 (+56% for year 2009) Metal News for the Day / DOLLAR= .69 EURO, 85 YEN, .60 POUND STERLING, ETC. (How low can you go - LOWER)/ Interest Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 3.59% …..… 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 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 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 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 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!
National / World
Lyndon LaRouche Exposes the Face of Evil Infowars | Alex Jones interviews political activist and former presidential candidate Lyndon LaRouche.
Congress Delivered Articles of Impeachment for tyrant Obama Bruce Fein | A prominent libertarian constitutional lawyer and civil libertarian has drafted an article of impeachment against President Obama. Article II, Section IV of the United States Constitution provides: “The President, Vice President and all civil Officers of the United States, shall be removed from Office on Impeachment for, and Conviction of, Treason, Bribery, or other high Crimes and Misdemeanors.”
Socialist Leader Calls for Revolution (video) Naked Emperor News | American Socialist Leader Calling For Revolution Says ‘We Are Not Pacifists, Violence Sometimes is Necessary’
Government Shutdown “Equivalent of Bombing Innocent Civilians” Kurt Nimmo | Democrats have worked themselves into a lather over the absurd circus sideshow billed as a government shutdown.
The Future Expansion of Unmanned Drones Over The U.S. Michael Edwards | The goal is 24-hour eye-in-the-sky surveillance by predator drones within civilian airspace from coast to coast.
Libya rebels unlikely to oust Kadhafi: US general Western allies have stepped up “non-lethal” aid to Libyan rebels hours after a rebel armoured unit was hit by apparent NATO ‘friendly fire’, sources said.
Obama Successfully Demobilized the Anti-war Movement It is more evidence the antiwar movement is largely a left-vs-right distraction. A new studyby U-M’s Michael Heaney and colleague Fabio Rojas of Indiana University shows that the antiwar movement in the United States demobilized as Democrats took over Congress and the White House.
Why Is NATO Really In Libya? Is NATO failing with its attempts in Libya? Former Regan Administration official Paul Craig Roberts thinks the situation with Gaddafi is much different than the other recent protests in the Arab world. “Why is NATO there?” has become to real question, says Roberts, who fears that risky involvement stemming from American influence could lead to catastrophic breaking point.
Drudgereport: 11TH HOUR: LET'S MAKE A DEAL
Obama: 'Americans of different beliefs came together'...
Takes credit for 'biggest annual spending cut in history'...
'LIVE WITHIN OUR MEANS'...
FLASHBACK: Deficit Forecast Nears $1.5 Trillion...
SURPRISE: Government shutdown averted...
Spending cuts total nearly $40 billion...
$78 billion below Obama request...
Deal bans DC from spending funds for abortion, continues school voucher program...
BOEHNER: 'As good a deal as we could get'...
REPORT: Oprah won't endorse Obama for re-election...
Poll: Obama Struggling With Whites...
Even black voters slip...
OIL JUMPS 2% -- IN A DAY...
Fever for Gold, Silver Grips Investors...
Biden daughter trashes Trump...
Bill Cosby slams: 'He's full of it!'...
Trump Takes On NYT, Gail Collins...
Admires her for surviving 'so long with so little talent'...
NBCWSJ POLL SHOCK: TRUMP #2 GOP [ NBC where t_rump has his Jerry Springer derivative shock-jock show and sinkhole new york's fraud street journal … poll? … Don't make me laugh … Lawrence O'Donnell insists parent company NBC consider firing Donald Trump Daily Caller ... Milbank: Donald trumps CPAC | Gibbs gone (Washington Post) [ Trump’s a loser, dressed up and propped up by and to shill for a declining, fallen nation in the most corrupt regions (ie., new york, jersey, etc.) of the country (every fallen nation has such); of that there is no question …"Over the years I've participated in many battles and have really almost come out very, very victorious every single time," the Donald said. (Except for the bankruptc[ies], that is. [ trump’s never won a battle that wasn’t fixed in advance (including the ‘pre-packaged bankrupcies’ crammed down the throats of objecting creditors – jersey general ] He also with his corrupt mob ilk 'chased' Steve Wynn out of jersey – Steve Wynn's doing extremely well in Macau and Vegas.) "I've beaten many people and companies, and I've won many wars," he added. (Though he didn't serve in the military.) "I have fairly [according to mobster rules; ie., bribery, money laundering, etc.] but intelligently [ as any other mob boss … trump is total b*** s***, a fraud, and lightweight … and, despite the façade, quite insecure … trump’s a total mental case … He truly is the ‘poster-boy’ of american decline and part of the problem, not the solution! …trump also said america’s become the laughingstock of the world … true enough … and trump the biggest joke … NEWS FLASH: Direct from Lost Angeles Learning Annex – Presenting mobster t_rump of new yoke, new joyzey, and now caleefornia mob fame with his continuing message for the past several years: buy real estate (and watch the values go down…..riiiiight!).
Bank sues Trump over Chicago tower loan...
Trump casino to miss interest payment...
trump’s fired (from ‘his own company’)
Gunfire Erupts Inside trump Taj Mahal Casino, 1 Dead - Second Such Incident In A Year At N.J. Mainstay Ends With Employee Killed – What else would you you expect from a mobster’s casino in mob-infested jersey!
Trump luxury resort folds, leaving buyers defrauded…litigation has commenced…send for sister maryanne, the corrupt federal judge to preside, coverup, etc., she’s in n.y./n.j./pa 3rd circuit ct appeals, understands drug money laundering/fraud and handles her own motions to recuse her and like mobster trump should be in jail ... (see RICO Case)
] earned many billions of dollars [ at whose expense ], which in a sense was both a scorecard and acknowledgment of my abilities [ to fool most of the people, all of the time. ] ." TRUMP DRAWS CHEERS, BOOS AT CONSERVATIVE CONFERENCE...
PONDERING PRESIDENTIAL RUN... [Don’t make me laugh! … Donald T_rump Would Impose 25% Tax on China Imports if President [ trump also said america’s become the laughingstock of the world … true enough … and trump the biggest joke … Indeed, that trump even posits the possibility of a run when he should be in jail is a testament to just how big a laughingstock pervasively corrupt, defacto bankrupt america’s become! [ If he was mobster in chief, mobster and scoundrel trump wraps himself in populist american flag and offers up an (too little too late – typical lightweight) implausible solution to keep ‘the juice’ flowing though he’d already be in jail in a rational, non-declining nation with meaningful laws. All China has to do is dump (and not prospectively buy) their ever more and declining in value day-by-day (from dollar debasement policies) u.s. paper / bonds and overnight and the u.s. economy consequently thereby collapse. [ When you come right down to it, this has been america’s most significant export. Indeed, this irrevocable structural shift, hailed by cia men hw bush and clinton (clinton couldn’t have survived with them) by way of NAFTA as the greatest thing since sliced bread was indeed in no uncertain terms condemned and warned against by Perot, a man of honor who, unlike his opponents, could not be bought, which is the reason, in pervasively corrupt america, he could never have been elected. Interestingly, you may have noticed the good (but not great, other than the spotlight on pervasive bribery including judges, police, politicians, etc., being far too light) the film ‘The Untouchables’ getting a wide re-airing of late, purporting to be a significant part of american folklore / history / culture. However, the reality is that in america, and certainly today, the real story with impact is that of ‘The Touchables’. The reality is that Elliot Ness died a broken man; bankrupt, unable to even win election to the mayoralty of his then current hometown. He was incorruptible; and hence, in the real america, unelectable at the least if not also all but unemployable (he and his are among those few genetic anomalies in america as I’ve previously alluded to. How far america has fallen from even false perception! Pervasively corrupt, meaningfully lawless america can’t even fake it anymore. See, for example, http://albertpeia.com/CIAAgentAffidavit1.jpg http://albertpeia.com/FBIAgentAffidavit11.jpg , and of course, corrupt legal / judicial processes, etc., 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 … The pervasively corrupt american illegal system … corrupt u.s. courts / (lawyers) / judges: Their lifetime plush appointments should be abolished, which corrupt entities are unheard of in productive societies as China, Japan, etc.. Time to abolish these drags on society and eliminate their lifetime stipends and costly bureaucracies. Rules of law mean nothing to these typically corrupt americans. Most, including sam alito of the u.s. supreme court, concerning drug money laundering and obstruction of justice in the 3rd circuit ( also maryanne trump barry who covered-up drug money laundering through her brother’s casinos in a civil RICO case) should have gone to or belong in jail. Contrary to popular belief, they do it for the money, personal money, big, cash, untraceable money. The fog of war is great for such things (360 tons $100 bills flown into Iraq and missing, etc.). [ http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]. america’s just a fraudulent and failed defacto bankrupt nation. ] “I would announce, without equivocation, a 25% tax increase on anything purchased from China.” ]
CHENEY HECKLED... 'DRAFTDOGER!' 'WHERE'S BIN LADEN?' ]
White House talks fail to produce budget deal (Washington Post) [ Hope is still alive say the people who hope they're prayers for a government shutdown are answered ... after all, they can't muck up what they're not in session to f*** up ... then, they're plenty to spare … More Americans work for the government than in manufacturing, farming, fishing, forestry, mining and utilities combined Today in America there are nearly twice as many people working for the government (22.5 million) than in all of manufacturing (11.5 million). Defacto bankrupt america the new marxian dream … eh, comrade ? ... Talks to avert shutdown make no headway (WP) The people are sayin' there's still hope as no way as in no headway is the right way. After all, the Dems are playin' political pretend here given the magnitude of defacto bankrupt america's insurmountable debt {GOP’s plan for 2012 budget comes in at $6.2 trillion less than Obama’s (WP) Proposal represents GOP’s most comprehensive philosophical statement since midterm wins.(and then there's all that funny money)}. Davis ‘… This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ . With deadline near, spending accord is elusive (WP) [ If only their spending was as elusive as accords. Oh, there's no question but that they really know how to spend your money at the further expense of children … yet, elusive in this context is a good thing as hope still remains … House GOP leaders turn to Dems for deal (WP) [ Of Dees, Dems, Does, and Gops … Sounds like a plan … Not! … The people are still hoping, praying … will their dream come true? … Government shutdown looms- (WP) [ Shutdown? ... One can only hope, and pray ... after all, they can't muck up what they're not in session to f*** up ... ] After back-to-back meetings at White House and on the Hill, Obama and congressional leaders remain billions of dollars apart as the first federal government shutdown in more than 15 years draws closer. ] President Obama and congressional leaders met again Thursday night to try to negotiate a deal on a spending bill that would avert a looming federal government shutdown. ”Differences have been narrowed,” Obama said.
A test of Obama’s leadership style (Washington Post) [ Leadership style? Are you kiddin'? What leadership? 'Wobama's been a failed president since his first broken campaign promise; and there've been plenty more since then. The man's a total fraud!
Obama says shutdown would be ‘inexcusable’ (WP) [ What is totally inexcusable is 'wobama the b' (for b*** s***) continuing in the office of the Presidency. He is an abject failure and a total fraud. He should be impeached and removed from office. Time for clichéd, stereotypical, 'mr. for a nickel he will' to go! GOP lawyer circulating wobama impeachment article on Hill...
Constitutional Problems with the Libyan War Ron Paul | The costs of this terrible mistake cannot be ignored. Obama Raises American Hypocrisy To A Higher Level 10 Reasons Obama is Just As Bad or Worse Than Bush AP 4-5-11 George W. Bush was clearly a mentally-challenged puppet of the military/banking/oil elite. The policies put it in place at breakneck speed after 9/11 were provably predetermined by think tanks well in advance... but there was a noticeable in-your-face quickening of corporate-government tyranny under Bush.
These policies like wars of aggression, illegal surveillance of Americans, torture of detainees indefinitely held without formal charges, unfair “free trade” agreements, and bank bailouts ... these policies accelerated under Obama, even more of the draconian playbook is unfolding.
After 8 years of Bush’s reign that ended with a record low presidential approval rating in the low 20s, Obama’s promise of hope and change ...Although policies being implemented under Obama’s leadership exhibit the continuation of Bush’s tyrannical agenda, his stunning betrayal of populist and Constitutional principles in support of these actions makes him the ultimate hypocrite...
There have been many articles written about Obama’s unkept promises and outright lies, but here are 10 actions that prove Obama is just as bad if not worse than Bush:
1) Bank/Corporate Bailouts...
2) Betrayal of the Poor...
3) Expansion of Free Trade: Obama excoriated NAFTA, GATT and other so-called “Free Trade” agreements that were put in place under Clinton and Bush (with CAFTA)...These free trade agreements are designed to only help the multinational corporations who wrote them, and who Obama now works for. … the government moves forward with many new similar agreements.
4) Escalating Wars of Aggression...
5)Internet Rights Eroding...
6) Finally, the DHS has been arbitrarily seizing domain names, which is clearly unconstitutional … Obama is completely in bed with Google and others in the corporate information cartel...
7) Free Speech Restrictions...
8) Illegal Domestic Surveillance...
9) Rule of Law is Dead...
10) Obamacare Fascism... ]
From Egypt to Libya and now the budget, the questions on leadership style have followed a consistent pattern.
Would Trump pass a budget? (Washington Post) [ You have to be pretty low on the 'evolutionary food chain' to be taken in by a fraud like trump. Yet, total b*** s*** and fraud that he is, as the flip side of the same coin as fraud and failed president wobama the b (for b*** s***) it would represent the ultimate match-up in the 'new' failed and fallen america. Gaming is an economic win (WP)“Gold farmers” and other online workers in Asia are benefitting, according to a World Bank report. [ Well, I don't know about online, but offline certainly has been a big win for Wynn, Steve Wynn, who was 'chased' from mob infested jersey by mental case mobster trump et als. Drudgereport: NBCWSJ POLL SHOCK: TRUMP #2 GOP [ NBC where t_rump has his Jerry Springer derivative shock-jock show and sinkhole new york's fraud street journal … poll? … Don't make me laugh … Milbank: Donald trumps CPAC (WP) [ Trump’s a loser, dressed up and propped up by and to shill for a declining, fallen nation in the most corrupt regions (ie., new york, jersey, etc.) of the country (every fallen nation has such); of that there is no question …"Over the years I've participated in many battles and have really almost come out very, very victorious every single time," the Donald said. (Except for the bankruptc[ies], that is. [ trump’s never won a battle that wasn’t fixed in advance (including the ‘pre-packaged bankrupcies’ crammed down the throats of objecting creditors – jersey general ] He also with his corrupt mob ilk 'chased' Steve Wynn out of jersey – Steve Wynn's doing extremely well in Macau and Vegas.) "I've beaten many people and companies, and I've won many wars," he added. (Though he didn't serve in the military.) "I have fairly [according to mobster rules; ie., bribery, money laundering, etc.] but intelligently [ as any other mob boss … trump is total b*** s***, a fraud, and lightweight … and, despite the façade, quite insecure … trump’s a total mental case … He truly is the ‘poster-boy’ of american decline and part of the problem, not the solution! …trump also said america’s become the laughingstock of the world … true enough … and trump the biggest joke … NEWS FLASH: Direct from Lost Angeles Learning Annex – Presenting mobster t_rump of new yoke, new joyzey, and now caleefornia mob fame with his continuing message for the past several years: buy real estate (and watch the values go down).
Bank sues Trump over Chicago tower loan...
Trump casino to miss interest payment...
trump’s fired (from ‘his own company’)
Gunfire Erupts Inside trump Taj Mahal Casino, 1 Dead - Second Such Incident In A Year
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]
Chain stores post increased sales (Washington Post) [ The mall? If they can find one with stores … Drudgereport: Malls hit highest vacancy in 11 years... Reality paints a different picture ... You're going to see some very large bankruptcies / foreclosures soon … This is the grim economic reality [ http://albertpeia.com/grimreality.htm . A Trading System That Challenges the Efficient Market Hypothesis [ I haven't included the body of this article because it's not worth your time. What parallel universe is McCurdy operating in? Even in the heyday of that so-called hypothesis, close examination of the data indicated that if you weren't timing the market you were, in a somewhat 'Charlie Sheenish' manner of speaking, duh! … losing! (my MBA Thesis, 1977, NYU GBA, Finance – which required study / mastery of such math intensive theory which wasn't for the faint of heart.) Said 'hypothesis' wasn't true then and certainly isn't true today where complex computer-programming can and does artificially produce the various criteria / buy / sell / signals alluded to in the article (they're widely known / followed) creating the rigged / fraudulent trading game geared to maximized the 'churn-and-earn' commission profits (net negative in economic terms) and enabling the passing of 'those hot potatoes'/paper shares in a manner that resembles a game of musical chairs with those not in the loop winding up holding the bag (including pension funds, etc.); all the while funding those lavish lifesyles / over-compensation of the frauds on wall street along with the direct / indirect bribes inuring them from stigma and as well, insulating them from proper scrutiny and prosecution. Fundamentals, fundamental rational analysis has become virtually irrelevant to these now fraud-prone markets like never before in history facilitating frauds of magnitudes that have made the rationalization 'too big to fail' a byword of pervasively corrupt, defacto bankrupt american failed finance; which frauds continue unabated, unprosecuted even as you read these words. In retrospect, one might say of such theory, in reality, that famed snoopy(ish - the dog) aphorism, 'baffling them with b*** s*** '. The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed. Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money-- … an especially great opportunity to sell / take profits while you still can since there's much worse to come! ]
Zeroing in on giant insider trading ring (Washington Post) [ Just don't bring the case in new york (or the 2nd or 3rd circuits for that matter); the bribes have already been paid, one way or another. Bonds show little concern about U.S. fiscal health WP/Bloomberg (they call that the 'dumb money', you know, your money; while the smart money, ie., PIMCO, sold their entire portfolio of u.s. bonds. April Is a Good Time to Sell [ I quite agree … at the least a 'sell in May and go away', but 'don't be mentally ill, sell in April!' Adler ]
Whistling Past the Expanding Graveyard as Spain Goes 'On the Clock 'Inflation Trader 'For some time now, the markets have been ‘whistling past the graveyard,’ impressively ignoring and/or shrugging off a fair pile of news that ought definitely to be negative for equities and probably somewhat negative for bonds as well. I’ve detailed these things previously and they don’t really need much repeating.
But it’s one thing to go whistling past the local church graveyard, something else entirely to keep whistling when the graveyard stretches on for miles. Yesterday, Portugal formally asked the EU for a bailout. “I tried everything but we came to a moment that not taking this decision would bring risks we can’t afford,” said Prime Minister Jose Socrates. A day or two ago, there had been talk that Portugal wanted a short-term loan to float it past a big slug of bond redemptions that is approaching; the EU said ‘it doesn’t work that way,’ so Portugal was forced to throw itself on the mercy of the Union.
Well, this is something less than a total surprise, and indeed Portuguese bond yields rallied 17bps, along with Ireland’s 32bp rally and Spain’s 6bp rally. I don’t know how Portugal seeking aid improves the lot of Ireland, but there it is. Now, I don’t really care about a one-day rally but the significance of Portugal succumbing is that the market’s crosshairs will now be trained on Spain, Italy, or Belgium. Judging from market yields, it would appear Spain is likely to be the next one ‘on the clock.’ And that’s really the main event, because Spain’s economy is much larger than Portugal’s, Greece’s, or Ireland’s.
The graveyard stretches onward. How long can markets keep whistling?
U.S. 10y note yields reached 1-month highs at 3.55%, and I will not be at all surprised to see them keep going higher. .. ] The SEC says Matthew Kluger passed tips on corporate deals to a middleman, who then talked to a Wall Street trader, for 17 years.
A Trading System That Challenges the Efficient Market Hypothesis [ I haven't included the body of this article because it's not worth your time. What parallel universe is McCurdy operating in? Even in the heyday of that so-called hypothesis, close examination of the data indicated that if you weren't timing the market you were, in a somewhat 'Charlie Sheenish' manner of speaking, duh! … losing! (my MBA Thesis, 1977, NYU GBA, Finance – which required study / mastery of such math intensive theory which wasn't for the faint of heart.) Said 'hypothesis' wasn't true then and certainly isn't true today where complex computer-programming can and does artificially produce the various criteria / buy / sell / signals alluded to in the article (they're widely known / followed) creating the rigged / fraudulent trading game geared to maximized the 'churn-and-earn' commission profits (net negative in economic terms) and enabling the passing of 'those hot potatoes'/paper shares in a manner that resembles a game of musical chairs with those not in the loop winding up holding the bag (including pension funds, etc.); all the while funding those lavish lifesyles / over-compensation of the frauds on wall street along with the direct / indirect bribes inuring them from stigma and as well, insulating them from proper scrutiny and prosecution. Fundamentals, fundamental rational analysis has become virtually irrelevant to these now fraud-prone markets like never before in history facilitating frauds of magnitudes that have made the rationalization 'too big to fail' a byword of pervasively corrupt, defacto bankrupt american failed finance; which frauds continue unabated, unprosecuted even as you read these words. In retrospect, one might say of such theory, in reality, that famed snoopy(ish - the dog) aphorism, 'baffling them with b*** s*** '. (Which as it stands today particularly, remains an american financial / economic strategy, albeit a now widely known failed strategy.) - Lawyer charged with insider trading (Washington Post) [ Come on! Just enough for a few headlines so people think they're actually doing something. They could (but don't) bring a case as this or other wall street crime against a different wall street liar (sic lawyer) / fraud in that corrupt sinkhole new york (metro, ie., jersey, conn., etc.) every single day and bearly touch the tip of the iceberg. Is anybody foolish enough to think what goes on there is legitimate? Remember, still no pros for the huge debacle / fraud precipitating the last and continuing economic / financial crisis. Chemist charged with insider trading (WP) [ This remains incredulous to me. Everyone but the big boys / frauds! The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed. Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money-- … an especially great opportunity to sell / take profits while you still can since there's much worse to come! This is the grim economic reality [ http://albertpeia.com/grimreality.htm . Looking Like A Good Time To Sell Into Strength - Harding PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Davis ‘… This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). SEC: Wachovia cheated investors (WP) I truly can see decreasing the apple weighting (formerly 20%), and increasing the oracle (open office, etc.), google (ubiquitous) weighting, but increasing dyingosaur microsoft weighting … I don't think so … something's gone awry here that smacks of desperation and an attempt to circumvent the visual effects on the nasdaq of a post-jobs apple, viz., over-priced apple sauce. Isn't that just like the frauds on wall street … to pad the nasdaq bubble based on a 1-stock story (apple), and manipulate when that 1-stock story falls to earth! April Is a Good Time to Sell [ I quite agree … at the least a 'sell in May and go away', but 'don't be mentally ill, sell in April!' Adler ]
Whistling Past the Expanding Graveyard as Spain Goes 'On the Clock 'Inflation Trader 'For some time now, the markets have been ‘whistling past the graveyard,’ impressively ignoring and/or shrugging off a fair pile of news that ought definitely to be negative for equities and probably somewhat negative for bonds as well. I’ve detailed these things previously and they don’t really need much repeating.
But it’s one thing to go whistling past the local church graveyard, something else entirely to keep whistling when the graveyard stretches on for miles. Yesterday, Portugal formally asked the EU for a bailout. “I tried everything but we came to a moment that not taking this decision would bring risks we can’t afford,” said Prime Minister Jose Socrates. A day or two ago, there had been talk that Portugal wanted a short-term loan to float it past a big slug of bond redemptions that is approaching; the EU said ‘it doesn’t work that way,’ so Portugal was forced to throw itself on the mercy of the Union.
Well, this is something less than a total surprise, and indeed Portuguese bond yields rallied 17bps, along with Ireland’s 32bp rally and Spain’s 6bp rally. I don’t know how Portugal seeking aid improves the lot of Ireland, but there it is. Now, I don’t really care about a one-day rally but the significance of Portugal succumbing is that the market’s crosshairs will now be trained on Spain, Italy, or Belgium. Judging from market yields, it would appear Spain is likely to be the next one ‘on the clock.’ And that’s really the main event, because Spain’s economy is much larger than Portugal’s, Greece’s, or Ireland’s.
The graveyard stretches onward. How long can markets keep whistling?
U.S. 10y note yields reached 1-month highs at 3.55%, and I will not be at all surprised to see them keep going higher. I believe the economic data is going to be flattening out a bit here, but not quickly enough to get investors champing at the bit to take up the slack once the Fed stops buying in a couple of months. Real yields are back to 0.96% on the 10y – still too expensive for my tastes but it is easy to say that; harder it is to find good alternatives. Even OSM, which I wrote about a year ago when it was trading at 16, only sports a yield of CPI+4.8% or so. After accounting for the credit risk of the issuer, that’s not particularly cheap (although probably better than many alternatives – I am not selling mine yet).
Energy markets continue to ooze slowly higher. The impacts of the Japanese disaster are continuing to spread and be felt. The financial impacts won’t be measured by Geiger counter readings, but by guidance from companies whose supply chains have been disrupted by the crisis. That guidance and those calls will start to happen when earnings announcement season gets kicked off on Monday (although the companies affected probably aren’t those that report next week but in the week or two thereafter).
And the money spigot the Fed has turned on will be turning off in only a few months.
Some people would say that this is all part of the “market climbing a wall of worry.” But that’s not right. A “wall of worry” is when investors are timid because of the possibility that things might go wrong, and they’re worrying about what might go wrong. That’s not the situation here. These things are not possibilities; they are things that are actually going wrong, right now. It’s whistling past the graveyard (frankly I picture it more like Michael Jackson’s Thriller, with lots of ghouls and ghastly things reaching out to clutch at the passersby).
Today, there are two main events on schedule. The first is the announcement by the ECB of the results of the monetary policy meeting. There is total unanimity among economists (at least, the 57 polled by Bloomberg) that the ECB will hike rates by 25bps even as Portugal, Greece, and Ireland are foundering on high rates. I think that will be a colossal error, although if they stop after one tightening or indicate that there will be a pause of some length to let the policymakers evaluate the effect of the move then it may not be as big of an error. But tightening policy now, given what is happening in MENA, given what is happening in Japan, and given what is happening with oil (which price rise is already contractionary), is a mind-boggling decision. And, as I have said before, it clearly points out that the EU doesn’t care much about the periphery countries and that policy is being run for the core. That’s fine, unless you’re a periphery country! We will see, I suppose, how willing the consumers of Europe are to take slower growth or a return to recession in order to restrain inflation.
This was always going to be the battle. Inflation, given the scale of central bank response to crisis, was always doomed to turn higher long before the “economic slack” (which is to say, jobs for the people) had evaporated. In the U.S., I have long assumed that the Fed would be very slow to hike rates for this reason and because the institution – despite its apparent independence – isn’t insulated from public rancor or from the brickbats of Congressional blowhards.
The other report is the weekly Initial Claims data (Consensus: 385k from 388k), which is unlikely to have a major impact unless it spikes well above 400k. A 410k print would get people wondering whether Claims are turning higher again, but a better-than-expected number has a high hurdle because the presumption is that Claims are in a downtrend.
For my money, I’m watching the ECB, listening to the press conference afterwards, and wearing a garlic necklace.'
Obama says shutdown would be ‘inexcusable’ (Washington Post) [ What is totally inexcusable is 'wobama the b' (for b*** s***) continuing in the office of the Presidency. He is an abject failure and a total fraud. He should be impeached and removed from office. Time for clichéd, stereotypical, 'mr. for a nickel he will' to go! Drudgereport: Obama: 'I Remember What It Was Like To Pump Gas'...
Get used to high prices...
GOP lawyer circulating wobama impeachment article on Hill...
Constitutional Problems with the Libyan War Ron Paul | The costs of this terrible mistake cannot be ignored. Obama Raises American Hypocrisy To A Higher Level 10 Reasons Obama is Just As Bad or Worse Than Bush Activist Post April 5, 2011 George W. Bush was clearly a mentally-challenged puppet of the military/banking/oil elite. The policies put it in place at breakneck speed after 9/11 were provably predetermined by think tanks well in advance... but there was a noticeable in-your-face quickening of corporate-government tyranny under Bush.
These policies like wars of aggression, illegal surveillance of Americans, torture of detainees indefinitely held without formal charges, unfair “free trade” agreements, and bank bailouts ... these policies accelerated under Obama, even more of the draconian playbook is unfolding.
After 8 years of Bush’s reign that ended with a record low presidential approval rating in the low 20s, Obama’s promise of hope and change ...Although policies being implemented under Obama’s leadership exhibit the continuation of Bush’s tyrannical agenda, his stunning betrayal of populist and Constitutional principles in support of these actions makes him the ultimate hypocrite...
There have been many articles written about Obama’s unkept promises and outright lies, but here are 10 actions that prove Obama is just as bad if not worse than Bush:
1) Bank/Corporate Bailouts...
2) Betrayal of the Poor...
3) Expansion of Free Trade: Obama excoriated NAFTA, GATT and other so-called “Free Trade” agreements that were put in place under Clinton and Bush (with CAFTA)...These free trade agreements are designed to only help the multinational corporations who wrote them, and who Obama now works for. In contrast to being “opposed” to such agreements, the government moves forward with many new similar agreements.
4) Escalating Wars of Aggression...
5)Internet Rights Eroding...
6) Finally, the DHS has been arbitrarily seizing domain names, which is clearly unconstitutional. Given that Obama is completely in bed with Google and others in the corporate information cartel, you can bet he will show his support for these endeavors even if only by remaining silent as they are debated then implemented.
7) Free Speech Restrictions...
8) Illegal Domestic Surveillance...
9) Rule of Law is Dead...
10) Obamacare Fascism... ] After an evening meeting with congressional leaders at the White House, the president said the two sides are divided over “relatively narrow numbers.”
Damage would increase with duration (Washington Post) [ But think of the longterm benefits for the nation and the world. Indeed, if only because 'wobama the b' (for b*** s***) was against the shutdown is reason enough to do exactly that, so failed a president and fatally flawed man and total fraud he is (although there are innumerable reasons for the shutdown). Talks to avert shutdown make no headway (Washington Post) [ The people are sayin' there's still hope as no way as in no headway is the right way. After all, the Dems are playin' political pretend here given the magnitude of defacto bankrupt america's insurmountable debt {GOP’s plan for 2012 budget comes in at $6.2 trillion less than Obama’s (Washington Post) Proposal represents GOP’s most comprehensive philosophical statement since midterm wins.(and then there's all that funny money)}. Davis ‘… This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ . With deadline near, spending accord is elusive (Washington Post) [ If only their spending was as elusive as accords. Oh, there's no question but that they really know how to spend your money at the further expense of children … yet, elusive in this context is a good thing as hope still remains … House GOP leaders turn to Dems for deal (Washington Post) [ Of Dees, Dems, Does, and Gops … Sounds like a plan … Not! … The people are still hoping, praying … will their dream come true? … Government shutdown looms-Paul Kane (Washington Post) [ Shutdown? ... One can only hope, and pray ... after all, they can't muck up what they're not in session to f*** up ... Government shutdown looms Paul Kane (Washington Post) ] ] After back-to-back meetings at White House and on the Hill, Obama and congressional leaders remain billions of dollars apart as the first federal government shutdown in more than 15 years draws closer. ] The economic effects of a government shutdown could be significant in the Washington region and nationally if the impasse continues for several weeks, some economists said.
A Crack in the Great Wall-mart: Watch Out for Rising Prices from China Jason Kaspar | If inflation is to hit home in the heartland of America, it will certainly begin at Wal-Mart.
Portugal defaults, America on the waiting list? RT | Prime Minister of Portugal asked the European Union for a bailout.
Two George Soros Events Aim to Remake Financial Order and Media Dan Gainor | His flunkies want to “Change the world. Change the media.”
The Financial System Designed To Self Destruct As each day passes the US dollar loses prestige and its status as a world reserve currency. Washington and Wall Street pay little attention to its slide and the changes a lower dollar and loss of reserve status will bring.
Markets Fall On Second Major Earthquake Near Fukushima Following a 7.4 magnitude earthquake off the coast of northeastern Japan today, the major stock market indexes fell after rising all morning.
“We Don’t Need A Bailout… We Don’t Need A Bailout…Uh, We Need A Bailout”: Portugal Admits To Needing EU Rescue In the biggest shocker to come out just hours before the ECB’s announcement tomorrow, which many see is a guaranteed rate hike, Journal de Negocios has just announced that according to the Portuguese Finance Minister, the country needs a bailout, after weeks and weeks of Greece-style denials. And yes, nobody could have foreseen this, and all that jazz.
Bank of England Holds Rates Despite High Inflation The Bank of England held interest rates at a record-low 0.5 percent on Thursday despite a surge in inflation, ceding the limelight to the European Central Bank, which was expected to raise borrowing costs less than an hour later.
US Going Same Route as Greece, Portugal: Economist The US is going down a similar road as that taken by Greece and Portugal with regard to its budget decisions, John E. Silvia, chief economist at Wells Fargo, said on Wednesday.
National / World
Our Immune System: Nature’s Perfect Machine Ben Fuchs | Suppression of the immune system is serious business.
U.S. General: Ground Troops to Invade Libya Kurt Nimmo | Troops to be sent despite assurances by Obama and Def. Sec. Gates to the contrary.
Onagawa Nuclear Plant Loses Power After Earthquake Kurt Nimmo | Japanese power companies have a less than sterling record in reporting nuclear accidents.
New Earthquake Off Japanese Coast Accompanied By Strange Blue Light Show Infowars.com | Onagawa nuclear power plant lost power.
Markets Fall On Second Major Earthquake Near Fukushima Kurt Nimmo | Major stock market indexes fell after rising all morning.
Obama vows to veto short-term bill The White House has vowed to veto the short-term spending bill House Republicans will vote on this afternoon, taking away the safety net that could have given both sides another week to avert an immediate government shutdown.
Obama props up corporate media with tax payer money The Daily Caller is reporting that two crown jewels in the CIA’s long-standing corporate media propaganda effort – the Washington Post and CBS – are receiving hundreds of thousands of dollars each from hoodwinked taxpayers in order to twist coverage of Obamacare.
Obama Remembers Pumping Gas During an appearance before Al Sharpton’s shake down organization, the National Action Network, the comedian Obama said he was a gas station attendant before he decided to serve his country as a teleprompter reader. Barry Obama was a regular Joe with student loans to pay off and other hardships suffered daily by the boobeoisie.
Jesse Ventura: Enough Government Cover-ups! It’s time for a Revolution! On the heels of the release of his latest book, 63 Documents the Government Doesn’t Want You Know, former governor of Minnesota, talk show host and professional wrestler Jesse Ventura talks with RT’s Anastasia Churkina to discuss his latest effort. In this sit-down, Ventura shares his thoughts on the recent decision to bring alleged 9/11 mastermind Khalid Sheikh Mohammed before a military tribunal and how Democrats and Republicans have “sold their soul to rock and roll.”
‘CIA involved in Yemen repressions’ Al-Qaeda in Yemen has not been held responsible for the death of even one American for the past five years, yet the US continues to play the al-Qaeda card and provide the country’s regime with military aid.
Sudan Accuses Israel Of Long-Range Attack Sudan has accused Israel of carrying out a long-range assassination mission from the air that has killed two people.
Drudgereport: Obama: 'I Remember What It Was Like To Pump Gas'...
Get used to high prices...
GOP lawyer circulating wobama impeachment article on Hill...
FAA sets 'no-fly zone' over Williamsburg...
'Long-planned family trip'...
'Rest and relaxation'...
Malls hit highest vacancy in 11 years...
General: U.S. may consider ground troops in Libya...
DEM: WH 'dramatically underestimating' cost of war...
NATO Fears War without End...
NATO Airstrike Kills Libyan Rebels -- again...
OIL SPIKES PAST $110...
Traders prepare for oil at $175...
Ryan: Debt On Track To Hit 800% Of GDP...
Oklahoma sees driest 4 months since Dust Bowl...
'CBO Can't Conceive of Any Way' Economy Can Continue Past 2037...[that's awfully optimistically close to if not beyond the 'decades at best scenario']...
REPORT: Saudis 'So Unhappy' With White House They Sent Emissaries to China, Russia Seeking Enhanced Ties...
Cash-Strapped NYC To Close 20 Fire Companies...
NBCWSJ POLL SHOCK: TRUMP #2 GOP [ NBC where t_rump has his Jerry Springer derivative shock-jock show and sinkhole new york's fraud street journal … poll? … Don't make me laugh … Lawrence O'Donnell insists parent company NBC consider firing Donald Trump Daily Caller ... Milbank: Donald trumps CPAC | Gibbs gone (Washington Post) [ Trump’s a loser, dressed up and propped up by and to shill for a declining, fallen nation in the most corrupt regions (ie., new york, jersey, etc.) of the country (every fallen nation has such); of that there is no question …"Over the years I've participated in many battles and have really almost come out very, very victorious every single time," the Donald said. (Except for the bankruptc[ies], that is. [ trump’s never won a battle that wasn’t fixed in advance (including the ‘pre-packaged bankrupcies’ crammed down the throats of objecting creditors – jersey general ] He also with his corrupt mob ilk 'chased' Steve Wynn out of jersey – Steve Wynn's doing extremely well in Macau and Vegas.) "I've beaten many people and companies, and I've won many wars," he added. (Though he didn't serve in the military.) "I have fairly [according to mobster rules; ie., bribery, money laundering, etc.] but intelligently [ as any other mob boss … trump is total b*** s***, a fraud, and lightweight … and, despite the façade, quite insecure … trump’s a total mental case … He truly is the ‘poster-boy’ of american decline and part of the problem, not the solution! …trump also said america’s become the laughingstock of the world … true enough … and trump the biggest joke … NEWS FLASH: Direct from Lost Angeles Learning Annex – Presenting mobster t_rump of new yoke, new joyzey, and now caleefornia mob fame with his continuing message for the past several years: buy real estate (and watch the values go down…..riiiiight!).
Bank sues Trump over Chicago tower loan...
Trump casino to miss interest payment...
trump’s fired (from ‘his own company’)
Gunfire Erupts Inside trump Taj Mahal Casino, 1 Dead - Second Such Incident In A Year At N.J. Mainstay Ends With Employee Killed – What else would you you expect from a mobster’s casino in mob-infested jersey!
Trump luxury resort folds, leaving buyers defrauded…litigation has commenced…send for sister maryanne, the corrupt federal judge to preside, coverup, etc., she’s in n.y./n.j./pa 3rd circuit ct appeals, understands drug money laundering/fraud and handles her own motions to recuse her and like mobster trump should be in jail ... (see RICO Case)
] earned many billions of dollars [ at whose expense ], which in a sense was both a scorecard and acknowledgment of my abilities [ to fool most of the people, all of the time. ] ." TRUMP DRAWS CHEERS, BOOS AT CONSERVATIVE CONFERENCE...
PONDERING PRESIDENTIAL RUN... [Don’t make me laugh! … Donald T_rump Would Impose 25% Tax on China Imports if President [ trump also said america’s become the laughingstock of the world … true enough … and trump the biggest joke … Indeed, that trump even posits the possibility of a run when he should be in jail is a testament to just how big a laughingstock pervasively corrupt, defacto bankrupt america’s become! [ If he was mobster in chief, mobster and scoundrel trump wraps himself in populist american flag and offers up an (too little too late – typical lightweight) implausible solution to keep ‘the juice’ flowing though he’d already be in jail in a rational, non-declining nation with meaningful laws. All China has to do is dump (and not prospectively buy) their ever more and declining in value day-by-day (from dollar debasement policies) u.s. paper / bonds and overnight and the u.s. economy consequently thereby collapse. [ When you come right down to it, this has been america’s most significant export. Indeed, this irrevocable structural shift, hailed by cia men hw bush and clinton (clinton couldn’t have survived with them) by way of NAFTA as the greatest thing since sliced bread was indeed in no uncertain terms condemned and warned against by Perot, a man of honor who, unlike his opponents, could not be bought, which is the reason, in pervasively corrupt america, he could never have been elected. Interestingly, you may have noticed the good (but not great, other than the spotlight on pervasive bribery including judges, police, politicians, etc., being far too light) the film ‘The Untouchables’ getting a wide re-airing of late, purporting to be a significant part of american folklore / history / culture. However, the reality is that in america, and certainly today, the real story with impact is that of ‘The Touchables’. The reality is that Elliot Ness died a broken man; bankrupt, unable to even win election to the mayoralty of his then current hometown. He was incorruptible; and hence, in the real america, unelectable at the least if not also all but unemployable (he and his are among those few genetic anomalies in america as I’ve previously alluded to. How far america has fallen from even false perception! Pervasively corrupt, meaningfully lawless america can’t even fake it anymore. See, for example, http://albertpeia.com/CIAAgentAffidavit1.jpg http://albertpeia.com/FBIAgentAffidavit11.jpg , and of course, corrupt legal / judicial processes, etc., 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 … The pervasively corrupt american illegal system … corrupt u.s. courts / (lawyers) / judges: Their lifetime plush appointments should be abolished, which corrupt entities are unheard of in productive societies as China, Japan, etc.. Time to abolish these drags on society and eliminate their lifetime stipends and costly bureaucracies. Rules of law mean nothing to these typically corrupt americans. Most, including sam alito of the u.s. supreme court, concerning drug money laundering and obstruction of justice in the 3rd circuit ( also maryanne trump barry who covered-up drug money laundering through her brother’s casinos in a civil RICO case) should have gone to or belong in jail. Contrary to popular belief, they do it for the money, personal money, big, cash, untraceable money. The fog of war is great for such things (360 tons $100 bills flown into Iraq and missing, etc.). [ http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]. america’s just a fraudulent and failed defacto bankrupt nation. ] “I would announce, without equivocation, a 25% tax increase on anything purchased from China.” ]
CHENEY HECKLED... 'DRAFTDOGER!' 'WHERE'S BIN LADEN?' ]
Obama says shutdown would be ‘inexcusable’ (Washington Post) [ What is totally inexcusable is 'wobama the b' (for b*** s***) continuing in the office of the Presidency. He is an abject failure and a total fraud. He should be impeached and removed from office. Time for clichéd, stereotypical, 'mr. for a nickel he will' to go! Drudgereport: Obama: 'I Remember What It Was Like To Pump Gas'...
Get used to high prices...
GOP lawyer circulating wobama impeachment article on Hill...
Constitutional Problems with the Libyan War Ron Paul | The costs of this terrible mistake cannot be ignored. Obama Raises American Hypocrisy To A Higher Level 10 Reasons Obama is Just As Bad or Worse Than Bush Activist Post April 5, 2011 George W. Bush was clearly a mentally-challenged puppet of the military/banking/oil elite. The policies put it in place at breakneck speed after 9/11 were provably predetermined by think tanks well in advance... but there was a noticeable in-your-face quickening of corporate-government tyranny under Bush.
These policies like wars of aggression, illegal surveillance of Americans, torture of detainees indefinitely held without formal charges, unfair “free trade” agreements, and bank bailouts ... these policies accelerated under Obama, even more of the draconian playbook is unfolding.
After 8 years of Bush’s reign that ended with a record low presidential approval rating in the low 20s, Obama’s promise of hope and change ...Although policies being implemented under Obama’s leadership exhibit the continuation of Bush’s tyrannical agenda, his stunning betrayal of populist and Constitutional principles in support of these actions makes him the ultimate hypocrite...
There have been many articles written about Obama’s unkept promises and outright lies, but here are 10 actions that prove Obama is just as bad if not worse than Bush:
1) Bank/Corporate Bailouts...
2) Betrayal of the Poor...
3) Expansion of Free Trade: Obama excoriated NAFTA, GATT and other so-called “Free Trade” agreements that were put in place under Clinton and Bush (with CAFTA)...These free trade agreements are designed to only help the multinational corporations who wrote them, and who Obama now works for. In contrast to being “opposed” to such agreements, the government moves forward with many new similar agreements.
4) Escalating Wars of Aggression...
5)Internet Rights Eroding...
6) Finally, the DHS has been arbitrarily seizing domain names, which is clearly unconstitutional. Given that Obama is completely in bed with Google and others in the corporate information cartel, you can bet he will show his support for these endeavors even if only by remaining silent as they are debated then implemented.
7) Free Speech Restrictions...
8) Illegal Domestic Surveillance...
9) Rule of Law is Dead...
10) Obamacare Fascism...
]
After an evening meeting with congressional leaders at the White House, the president said the two sides are divided over “relatively narrow numbers.”
Constitutional Problems with the Libyan War Ron Paul | The costs of this terrible mistake cannot be ignored. Obama Raises American Hypocrisy To A Higher Level Paul Craig Roberts | Gadhafi is being demonized while Bush/Cheney/Obama are sitting on their high horse draped in cloaks of morality. Reuters: Obama Signs Secret Order Authorizing Covert CIA Support For Libyan Rebels Obama has signed secret order authorizing covert US govt support for rebel forces in Libya, officials tell Reuters. Poll: Obama’s approval hits new low President Barack Obama’s approval rating and prospects for reelection have plunged to all-time lows in a Quinnipiac University poll released Wednesday. Americans worried about Libya conflict: poll A new poll published on Wednesday found nearly half of Americans were opposed to US military involvement in Libya, ]
Damage would increase with duration (Washington Post) [ But think of the longterm benefits for the nation and the world. Indeed, if only because 'wobama the b' (for b*** s***) was against the shutdown is reason enough to do exactly that, so failed a president and fatally flawed man and total fraud he is (although there are innumerable reasons for the shutdown). Talks to avert shutdown make no headway (Washington Post) [ The people are sayin' there's still hope as no way as in no headway is the right way. After all, the Dems are playin' political pretend here given the magnitude of defacto bankrupt america's insurmountable debt {GOP’s plan for 2012 budget comes in at $6.2 trillion less than Obama’s (Washington Post) Proposal represents GOP’s most comprehensive philosophical statement since midterm wins.(and then there's all that funny money)}. Davis ‘… This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ . With deadline near, spending accord is elusive (Washington Post) [ If only their spending was as elusive as accords. Oh, there's no question but that they really know how to spend your money at the further expense of children … yet, elusive in this context is a good thing as hope still remains … House GOP leaders turn to Dems for deal (Washington Post) [ Of Dees, Dems, Does, and Gops … Sounds like a plan … Not! … The people are still hoping, praying … will their dream come true? … Government shutdown looms-Paul Kane (Washington Post) [ Shutdown? ... One can only hope, and pray ... after all, they can't muck up what they're not in session to f*** up ... Government shutdown looms Paul Kane (Washington Post) ] ] After back-to-back meetings at White House and on the Hill, Obama and congressional leaders remain billions of dollars apart as the first federal government shutdown in more than 15 years draws closer. ] The economic effects of a government shutdown could be significant in the Washington region and nationally if the impasse continues for several weeks, some economists said.
Lawyer charged with insider trading (Washington Post) [ Come on! Just enough for a few headlines so people think they're actually doing something. They could (but don't) bring a case as this or other wall street crime against a different wall street liar (sic lawyer) / fraud in that corrupt sinkhole new york (metro, ie., jersey, conn., etc.) every single day and bearly touch the tip of the iceberg. Is anybody foolish enough to think what goes on there is legitimate? Remember, still no pros for the huge debacle / fraud precipitatin the last and continuing economic / financial crisis. Chemist charged with insider trading (WP) [ This remains incredulous to me. Everyone but the big boys / frauds! The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed. Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money-- … an especially great opportunity to sell / take profits while you still can since there's much worse to come! This is the grim economic reality [ http://albertpeia.com/grimreality.htm . Looking Like A Good Time To Sell Into Strength - Harding PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Davis ‘… This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). SEC: Wachovia cheated investors (WP) [ I truly can see decreasing the apple weighting, and increasing the oracle (open office, etc.), google (ubiquitous) weighting, but increasing dyingosaur microsoft weighting … I don't think so … something's gone awry here that smacks of desperation and an attempt to circumvent the visual effects on the nasdaq of a post-jobs apple, viz., over-priced apple sauce. Isn't that just like the frauds on wall street … to pad the nasdaq bubble based on a 1-stock story, and manipulate when that 1-stock story falls to earth! April Is a Good Time to Sell [ I quite agree … at the least a 'sell in May and go away', but 'don't be mentally ill, sell in April!' Adler ]
Gaming is an economic win (Washington Post)“Gold farmers” and other online workers in Asia are benefitting, according to a World Bank report. [ Well, I don't know about online, but offline certainly has been a big win for Wynn, Steve Wynn, who was 'chased' from mob infested jersey by mental case mobster trump et als. Drudgereport: [1] NBCWSJ POLL SHOCK: TRUMP #2 GOP [ NBC where t_rump has his Jerry Springer derivative shock-jock show and sinkhole new york's fraud street journal … poll? … Don't make me laugh … Milbank: Donald trumps CPAC (WP) [ Trump’s a loser, dressed up and propped up by and to shill for a declining, fallen nation in the most corrupt regions (ie., new york, jersey, etc.) of the country (every fallen nation has such); of that there is no question …"Over the years I've participated in many battles and have really almost come out very, very victorious every single time," the Donald said. (Except for the bankruptc[ies], that is. [ trump’s never won a battle that wasn’t fixed in advance (including the ‘pre-packaged bankrupcies’ crammed down the throats of objecting creditors – jersey general ] He also with his corrupt mob ilk 'chased' Steve Wynn out of jersey – Steve Wynn's doing extremely well in Macau and Vegas.) "I've beaten many people and companies, and I've won many wars," he added. (Though he didn't serve in the military.) "I have fairly [according to mobster rules; ie., bribery, money laundering, etc.] but intelligently [ as any other mob boss … trump is total b*** s***, a fraud, and lightweight … and, despite the façade, quite insecure … trump’s a total mental case … He truly is the ‘poster-boy’ of american decline and part of the problem, not the solution! …trump also said america’s become the laughingstock of the world … true enough … and trump the biggest joke … NEWS FLASH: Direct from Lost Angeles Learning Annex – Presenting mobster t_rump of new yoke, new joyzey, and now caleefornia mob fame with his continuing message for the past several years: buy real estate (and watch the values go down).
Bank sues Trump over Chicago tower loan...
Trump casino to miss interest payment...
trump’s fired (from ‘his own company’)
Gunfire Erupts Inside trump Taj Mahal Casino, 1 Dead - Second Such Incident In A Year At N.J. Mainstay Ends With Employee Killed
Trump luxury resort folds, leaving buyers defrauded…litigation has commenced…send for sister maryanne, the corrupt federal judge to preside, coverup, etc., she’s in n.y./n.j./pa 3rd circuit ct appeals, understands drug money laundering/fraud and handles her own motions to recuse her and like mobster trump should be in jail ... (see RICO Case)
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ] earned many billions of dollars [ at whose expense ], which in a sense was both a scorecard and acknowledgment of my abilities [ to fool most of the people, all of the time. ] ." TRUMP DRAWS CHEERS, BOOS AT CONSERVATIVE CONFERENCE...
PONDERING PRESIDENTIAL RUN... [Don’t make me laugh! … Donald T_rump Would Impose 25% Tax on China Imports if President [ trump also said america’s become the laughingstock of the world … true enough … and trump the biggest joke … Indeed, that trump even posits the possibility of a run when he should be in jail is a testament to just how big a laughingstock pervasively corrupt, defacto bankrupt america’s become! [ If he was mobster in chief, mobster and scoundrel trump wraps himself in populist american flag and offers up an (too little too late – typical lightweight) implausible solution to keep ‘the juice’ flowing though he’d already be in jail in a rational, non-declining nation with meaningful laws. All China has to do is dump (and not prospectively buy) their ever more and declining in value day-by-day (from dollar debasement policies) u.s. paper / bonds and overnight and the u.s. economy consequently thereby collapse. [ When you come right down to it, this has been america’s most significant export. Indeed, this irrevocable structural shift, hailed by cia men hw bush and clinton (clinton couldn’t have survived with them) by way of NAFTA as the greatest thing since sliced bread was indeed in no uncertain terms condemned and warned against by Perot, a man of honor who, unlike his opponents, could not be bought, which is the reason, in pervasively corrupt america, he could never have been elected. Interestingly, you may have noticed the good (but not great, other than the spotlight on pervasive bribery including judges, police, politicians, etc., being far too light) the film ‘The Untouchables’ getting a wide re-airing of late, purporting to be a significant part of american folklore / history / culture. However, the reality is that in america, and certainly today, the real story with impact is that of ‘The Touchables’. The reality is that Elliot Ness died a broken man; bankrupt, unable to even win election to the mayoralty of his then current hometown. He was incorruptible; and hence, in the real america, unelectable at the least if not also all but unemployable (he and his are among those few genetic anomalies in america as I’ve previously alluded to. How far america has fallen from even false perception! Pervasively corrupt, meaningfully lawless america can’t even fake it anymore. See, for example, http://albertpeia.com/CIAAgentAffidavit1.jpg http://albertpeia.com/FBIAgentAffidavit11.jpg , and of course, corrupt legal / judicial processes, etc., 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 … The pervasively corrupt american illegal system … corrupt u.s. courts / (lawyers) / judges: Their lifetime plush appointments should be abolished, which corrupt entities are unheard of in productive societies as China, Japan, etc.. Time to abolish these drags on society and eliminate their lifetime stipends and costly bureaucracies. Rules of law mean nothing to these typically corrupt americans. Most, including sam alito of the u.s. supreme court, concerning drug money laundering and obstruction of justice in the 3rd circuit ( also maryanne trump barry who covered-up drug money laundering through her brother’s casinos in a civil RICO case) should have gone to or belong in jail. Contrary to popular belief, they do it for the money, personal money, big, cash, untraceable money. The fog of war is great for such things (360 tons $100 bills flown into Iraq and missing, etc.). [ http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]. america’s just a fraudulent and failed defacto bankrupt nation. ] “I would announce, without equivocation, a 25% tax increase on anything purchased from China.” ]
CHENEY HECKLED... 'DRAFTDOGER!' 'WHERE'S BIN LADEN?' ] ]
U.S. pledges money to jump-start peace program in Afghanistan (Washington Post) [ Well, there you go … peace in our time … now where's neville chamberlain's hologram when you need it … just make sure those hundred dollar bills to be flown in are untraceable and delivered directly to the 'peace profiteers' … seems we've heard this one before (Iraq-that 360 tons of missing $100 bills … didn't come close to ending that conflict but made a lot of 'peace profiteers' very wealthy at the taxpayers' / treasury's / nation's expense.) ... boy, that peace is comin' cheap … new war and all … the smart thing to do … that $50 mil will go far … riiiiight! … The Peace Program or stated another way, a piecw of the action program… Drudgereport: Obama: 'I Remember What It Was Like To Pump Gas'...
Get used to high prices...
GOP lawyer circulating wobama impeachment article on Hill...
Ryan: Debt On Track To Hit 800% Of GDP...
Oklahoma sees driest 4 months since Dust Bowl...
'CBO Can't Conceive of Any Way' Economy Can Continue Past 2037...[that's awfully optimistically close to if not beyond the 'decades at best scenario']...
REPORT: Saudis 'So Unhappy' With White House They Sent Emissaries to China, Russia Seeking Enhanced Ties...
Cash-Strapped NYC To Close 20 Fire Companies... ] A program to lure Taliban fighters from the battlefield is set to get $50 million.
Davis ‘… This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ .
Fed sees recovery on track (Washington Post) [ Yeah … that's indeed what THEY saw, as the blind no-recession fed took their hammer and saw ... or, by the new reality of things, their hammer and sickle … and, that increased asset inflation plan of theirs seems to be making headway (grains, meat, metals, oil, commodities, etc.) and when your loaf of bread's a cool $100, they'll claim victory. Of course, as planned, inflated stock prices are not immune from their 'plan' since all along was the plan within a 'plan' which is great for the churn-and-earn frauds on wall street though margins will begin to suffer even with the 'plan within the plan' which, of course, is not a plan at all but another scam, at best, and at worst, this 'no-recession' fed hasn't the slightest idea what (damage) they're doing. Wages not keeping pace with prices (WP) [ Yes , there is a substantial cost to 'no-recession, helicopter ben' b. s. bernanke's attempt at new age alchemy in trying to spin worthless currency / paper securities / toxic assets into gold for the sake of fraudulent wall street only; which of course, not only does not work, but invariably ends quite badly. The more recent your trip to the grocery store, gas station, etc., the more pronounced the evidence. There is no modern day alchemy that 'spins more paper into gold'. That value has to come from some place; viz., you! Chemist charged with insider trading (WP) [ This remains incredulous to me. Everyone but the big boys / frauds! The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed. M&A, Ben Resuscitate Bulls: Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money--nifty trick eh? With all the geopolitical and nuclear events going on little noticed was Fed "stress tests" of financial institutions to see if they were healthy enough to buy back shares and pay dividends. Making the matter sinister and less transparent is their gag order on the entire process. The Fed also has some toxic waste they'd like to sell you… Come on! What total b*** s***! … an especially great opportunity to sell / take profits while you still can since there's much worse to come! Fed to hold regular news conferences (WP) [ Wow! Just what everyone needed - more spoon-fed b*** s*** . This is the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Looking Like A Good Time To Sell Into Strength - Harding BOB PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Talks to avert shutdown make no headway (Washington Post) [ The people are sayin' there's still hope as no way as in no headway is the right way. After all, the Dems are playin' political pretend here given the magnitude of defacto bankrupt america's insurmountable debt {GOP’s plan for 2012 budget comes in at $6.2 trillion less than Obama’s (Washington Post) Proposal represents GOP’s most comprehensive philosophical statement since midterm wins.(and then there's all that funny money)}. Davis ‘… This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ . SEC: Wachovia cheated investors (Washington Post) [ Excuse me for sounding a bit sarcastic but is that not SOP, viz., standard operating procedure on fraudulent and certainly ubiquitous through the last crash and even now? This latest nasdaq stunt takes the cake: Top 3 Reasons were Flat While Gold Set Another Record [ I truly can see decreasing the apple weighting, and increasing the oracle (open office, etc.), google (ubiquitous) weighting, but increasing dyingosaur microsoft weighting … I don't think so … something's gone awry here that smacks of desperation and an attempt to circumvent the visual effects on the nasdaq of a post-jobs apple, viz., over-priced apple sauce. Isn't that just like the frauds on wall street … to pad the nasdaq bubble based on a 1-stock story, and manipulate when that 1-stock story falls to earth! April Is a Good Time to Sell [ I quite agree … overvalued to the hilt in this new manipulated bubble … at the least a 'sell in May and go away', but 'don't be mentally ill, sell in April!' ] Adler 'Both banks and foreign central banks [FCB] have normal buying cycles, and last week’s evidence suggests that both are just past the peak of those cycles. In addition, because of Japan’s predicament, FCB buying is for the foreseeable future, likely to be well below the necessary levels to keep levitating stocks. Add to that, the loss of the 2 month long, $25 billion weekly stipend from the Treasury on March 24, and we have the conditions for a rough patch.
With less help from the Treasury, the banks, and FCBs, the Fed would have its hands full keeping all its balls in the air. Some would be likely to hit the ground, but not this month. That’s because of the light Treasury supply that I covered in the Treasury update. That makes the job much easier this month, even without the banks and the FCBs.This week is one of those easy weeks, with lots of Fed pumping and no new Treasury supply ...
The evidence shows that banks are again out of the Treasury buying game. It also shows that they lost money in the first quarter, which is insane considering that their cost of funds is zero. It’s an indication of just how dire the circumstances are. Banks continue to accumulate cash at a frantic rate in their accounts at the Fed. The last time reserves rose this fast was in the midst of the crisis in 2008.
...These elements essentially neutralize the Fed’s pumping. ..
In the meantime I would not wait to "sell in May and go away." April looks like a good time to scale out of all equity longs, including in particular broad based ETFs, like SPY (SPY), DIA (DIA), QQQ (QQQ), and IWM (IWM). Aggressive traders and hedgers can use strength to establish short positions probably around mid-month and after ...' ]
Bad News for Cisco is Good: Dave's Daily 'This is the Alice in Wonderland world we live in. Cisco CEO John Chambers admits that all is not well ("we suck!") and investors bid the stock up 5%. Maybe the thinking is his confession will force his ouster. Maybe investors will think a government shutdown is a good thing since that's one way to cut spending. Across the pond, Portugal is bust (another bad news item) but the euro and stocks rally. Elsewhere Fed Governor Lockhart stated he didn't see any reason to abandon "QE2" early or raise interest rates before the end of the year. Was that bad or good news? The best news item of the day came from part one of a David Stockman op-ed calling out "Crony Capitalism" as our major problem. It's a great read and the conclusions within will ring true for many people...'
Slowing Global Economy With Downside Risk Roche 'Danske Bank, which has been very bullish in recent years, is joining the chorus of banks becoming increasingly concerned about a global slowdown. In a recent note they discussed their macro outlook and where they see the risks to the downside:
Summary and outlook
Global leading indicators are showing signs of weakening, but they are still at comfortable levels. US ISM declined modestly from a very high level in March. Likewise, European PMIs still look good, but survey expectations point towards a slowdown in growth. In China the slowdown seems to have taken hold.
We expect the majority of the leading indicators to decline to less expansive levels in the coming months, but to remain at decent levels. However, several factors could temporarily speed up the decline. Rising oil prices, caused by the Middle East turmoil, lead to rising production costs and reduced purchasing power. The disaster in Japan hampers Japanese production and could also disrupt global supply chains. Finally, the recent slowdown in China reduces demand growth from Asia.
Details
Global PMI new orders have dropped to 55 from the peak last month at 60. This is the first drop since September 2010, confirming the expected slowdown in growth.
In the US, ISM declined moderately from 61.4 to 61.2, but the new orders index took a dive indicating further corrections in the coming months. Hence we expect ISM to continue to decline.
In Euroland PMIs generally sent a positive signal, with Germany being the driving force. However, here as well, we expect to see adjustments in the coming months. Scandi leading indicators are somewhat less positive, but generally point to decent growth rates, yet Denmark is still trailing the rest of the region.
Asia has been sending less upbeat signals lately. Chinese manufacturing PMI dropped also in March, indicating slowing growth. Other Asian PMIs are starting to point in the same direction. CEE PMIs have started to show some signs of moderation as well, but we continue to believe in healthy growth rates over the coming months. Similarly in Brazil PMI has lost its recent momentum.
click to enlarge http://static.seekingalpha.com/uploads/2011/4/6/saupload_danske.png '
U.S. Equities Stall: Short Exposure Is Best Karnik [ I have a few difficulties with 'Karnak' here since he correctly sets forth reasons for lower equities; yet he's long SPY (though in his article he seems to distinguish already ultra short S & P plays which might bounce to cover). ]
Short-Term, High-Probability Mean-Reversion Strategy: ETFs Hit a Short-Term Extreme Crowder 'After marching higher for most of the day, the major market indices came back near the closing bell to close Tuesday basically flat.
We have seen several days of range bound trading, and I expect to see a violent move outside of the range when it inevitably occurs.
Given the extreme short-term overbought state in most of the ETFs I follow for my ETF/Options strategy, I expect to see a short-term reprieve over the coming days.
Because of the extreme overbought nature of the ETFs, I still have both of my positions on. I will take them both off once we get back to neutral territory.
Until then, I will sit back and patiently wait for the trade. This type of price action has happened before and it will happen again. However, if we look at the history of the strategy each time this has occurred we have seen profitable days ahead. I expect that history will repeat itself once again. Of course, as we all know, there are no guarantees in trading so always consider risk management mostly through position-sizing with each and every trade. This is a must for every trader and one that will make you a successful trader over the long-term. Remember, this is a marathon and not a sprint.
Short-Term High-Probability, Mean-Reversion Indicator – as of close 4/04/11
click to enlarge http://static.seekingalpha.com/uploads/2011/4/6/saupload_4_5_11_hpmr.png
Disclosure: I am short IWM, SPY.'
Ryan: Debt on Track to Hit 800 Percent of GDP CNSNews.com | Ryan said House Republicans’ FY2012 budget would save Medicare and help the United States avoid a debt crisis.
Gold hits new record Gold hit a record high on Wednesday while oil and corn were just off peaks struck this week as commodity prices fuel rising inflation that governments worldwide are struggling to contain.
VIDEO: Ron Paul Speaks On The Budget Congressman Paul discusses budget issues with Dylan Ratigan.
Libya war costs $4 million a day: US Air Force The war in Libya is costing the US Air Force $4 million a day but the cost likely will drop now that American fighter jets pulled out of the operation, the air force secretary said Tuesday.
Analysts Backing Gold All the Way to $1,500 Market watchers are calling for gold prices to hit $1,500 an ounce in the next three months, as the precious metal continues chugging ahead on a two-and-a-half-year run that has coincided with the beginning of the financial crisis.
Banksters Raped A Blindfolded America All societies have social and moral deviants, but in healthy ones they are not in control of the government and large financial banks as they are in America, Canada, England, and other Western countries.
National / World
Alex Jones: Revolt Against the NWO Banksters Expanding Worldwide RT | Max Keiser talks to Alex Jones about food stamps and financial terror.
Lindsey Williams: Arab Monarchies To Be Overthrown Infowars | Alex talks with Lindsey Williams about rising oil prices and the ongoing turmoil in the Middle East.
Congressman Ron Paul: One Worlders Will Fall Steve Watson | Paul sends a stark message to ruling elite “internationalists” attempting to expand globalism.
Glenn Beck Makes It Official: He Will Depart Fox News Kurt Nimmo | Fox and Beck have released a statement announcing the departure.
Spread the Truth with the New Infowars Widget Infowars.com | You can now easily spread the truth by embedding a player of the Alex Jones Show on your blog and website.
Ron Paul: ‘New World Order’ Using Financial Crisis, Wars To Enhance Globalism Congressman Ron Paul, icon to liberty lovers the world over, sent a stark message to ruling elite “internationalists” attempting to expand globalism via the Western military industrial complex this week – you will fail.
Alex Jones: Revolt Against the NWO Banksters Expanding Worldwide Max Keiser talks to Alex Jones about food stamps and financial terror on the Keiser Report.
Glenn Beck Makes It Official: He Will Depart Fox News Glenn Beck has finally put an end to the rumor that his popular television show will cease to be broadcast on the Fox News Network. Beck and Fox jointly announced his departure in a statement today, according to the New York Times.
Ron Paul to Announce Presidential Bid Next Month Appearing on the Alex Jones Show today, Texas Rep. Ron Paul said he will make a final decision within a month on whether he will run for president in the 2012 election.
Ron Paul: The ‘Big Event’ Has Started Skyrocketing gold, silver, oil and other commodity prices, a brazen attempt by the Federal Reserve to monetize a staggering and deleterious debt, a precipitously falling dollar, creeping inflation – these are elements of a “big event,” Ron Paul told Alex Jones on Tuesday.
Washington Post and CBS receiving money from Obamacare slush fund Two mainstream news organizations are receiving hundreds of thousands of taxpayer dollars from Obamacare’s Early Retiree Reinsurance Program.
Gaddafi asks Obama to end air war Libyan leader Muammar Gaddafi has sent a message to U.S. President Barack Obama “following the withdrawal of America from the crusader colonial alliance against Libya,” Libya’s official news agency JANA said on Wednesday.
U.S. Sees Array of New Threats at Japan’s Nuclear Plant United States government engineers sent to help with the crisis in Japan are warning that the troubled nuclear plant there is facing a wide array of fresh threats that could persist indefinitely.
NRC says not clear that Japan reactor has melted vessel A top official from the U.S. Nuclear Regulatory Commission said on Wednesday it was not clear that Japan’s Fukushima No. 2 nuclear reactor has melted through thereactor pressure vessel.
US Senate defeats bill hitting Obama on Libya The US Senate on Tuesday easily swept aside a symbolic but politically potent measure declaring that President Barack Obama’s decision to intervene militarily in Libya violated the US Constitution.
Defense Secretary Gates arrives in Saudi Arabia for meeting with King Abdullah RIYADH, Saudi Arabia — Defense Secretary Robert M. Gates arrived in Saudi Arabia on Wednesday for a meeting with King Abdullah, opening his third trip to the tumultuous region in the past month.
K Street’s favorite dictators Popular revolutions swept away autocratic leaders in Tunisia and Egypt. The US and NATO launched airstrikes in Libya under a “responsibility to protect” civilians. But for decades the same dictators clung to power with US support.
TEPCO to inject nitrogen into No. 1 reactor to prevent explosion
America and EU Agree: Raise Radiation Levels for Food No congressional approval is legally needed to makes such changes, because the EPA is a regulatory agency that sets “policy” and, although these types of agencies can be directed by congress or the president, they often form their own policies.
Media is wrong on the dangers of radiation Radiation is now being detected in Russia, imagine what it must be like for the poor Japanese who live within 500 miles. Japan is not that big of a place, though it is a land of big people who have made some huge mistakes. Almost all supporters of the nuclear industry have run for cover but today we see one being sneaked out or savagely used.
Talks to avert shutdown make no headway (Washington Post) [ The people are sayin' there's still hope as no way as in no headway is the right way. After all, the Dems are playin' political pretend here given the magnitude of defacto bankrupt america's insurmountable debt {GOP’s plan for 2012 budget comes in at $6.2 trillion less than Obama’s (Washington Post) Proposal represents GOP’s most comprehensive philosophical statement since midterm wins.
(and then there's all that funny money)}. Davis ‘… This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ . With deadline near, spending accord is elusive (Washington Post) [ If only their spending was as elusive as accords. Oh, there's no question but that they really know how to spend your money at the further expense of children … yet, elusive in this context is a good thing as hope still remains … House GOP leaders turn to Dems for deal (Washington Post) [ Of Dees, Dems, Does, and Gops … Sounds like a plan … Not! … The people are still hoping, praying … will their dream come true? … Government shutdown looms-Paul Kane (Washington Post) [ Shutdown? ... One can only hope, and pray ... after all, they can't muck up what they're not in session to f*** up ... Government shutdown looms Paul Kane (Washington Post) ] ] After back-to-back meetings at White House and on the Hill, Obama and congressional leaders remain billions of dollars apart as the first federal government shutdown in more than 15 years draws closer.
Hoping for one state, preparing for two (Washington Post) [ Well, there's a plan that comports with the worst suspicions; that this new-found west / nato / american debacle was all about oil after all … the oil half of the nation, and the non-oil half of the nation (they can keep that non-oil half) … riiiiight! … that non-transparent transparency has been lifted. Libyan rebels gain backing (Washington Post) [ Well there you go … it's all over but the shoutin'! … Riiiiight!Libya is a Continuation of Neocon War to Remake Middle East [ Come on! They're muddling along, debt ridden, incompetent, declining, failing, almost to a nation, individually and collectively. Trying to still appear relevant, more important are the nations absent from their war crimes folly (excepting israel for which these treasury depleting fiascos in the name of zionism continue down this path of self-defeat / self-destruction) ] Secret Illegal War Of Aggression Has Been Raging In Libya For Weeks Watson | US and British spies have been coordinating war for oil for some time. Rebels in ‘tactical’ retreat as leaders meet (WP) [ Tactical … riiiiight! Well, that sounds like a plan … right out of the manuals on trench warfare from WWI … works every time … you know, those manual tactics … meanwhile, back at the other american induced wartime disasters ... ] Italy became the third country to recognize the opposition as the legitimate government...
Drudgereport: Libyan Rebels: 'NATO Is Now Our Problem'...
...asset freeze on Gaddafi regime 'hurting opposition'
Europe feels strain as US alters Libya policy...
Air Force spending $4 million a day on war...
NATO running short on of jets... ]. As progress on the battlefield stalls, the rebel-held area of eastern Libya is settling into its status as a de facto separate state.
Fed sees recovery on track (Washington Post) [ Yeah … that's indeed what THEY saw, as the blind no-recession fed took their hammer and saw ... or, by the new reality of things, their hammer and sickle … and, that increased asset inflation plan of theirs seems to be making headway (grains, meat, metals, oil, commodities, etc.) and when your loaf of bread's a cool $100, they'll claim victory. Of course, as planned, inflated stock prices are not immune from their 'plan' since all along was the plan within a 'plan' which is great for the churn-and-earn frauds on wall street though margins will begin to suffer even with the 'plan within the plan' which, of course, is not a plan at all but another scam, at best, and at worst, this 'no-recession' fed hasn't the slightest idea what (damage) they're doing. Wages not keeping pace with prices (WP) [ Yes , there is a substantial cost to 'no-recession, helicopter ben' b. s. bernanke's attempt at new age alchemy in trying to spin worthless currency / paper securities / toxic assets into gold for the sake of fraudulent wall street only; which of course, not only does not work, but invariably ends quite badly. The more recent your trip to the grocery store, gas station, etc., the more pronounced the evidence. There is no modern day alchemy that 'spins more paper into gold'. That value has to come from some place; viz., you! Chemist charged with insider trading (WP) [ This remains incredulous to me. Everyone but the big boys / frauds! The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed. M&A, Ben Resuscitate Bulls: Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money--nifty trick eh? With all the geopolitical and nuclear events going on little noticed was Fed "stress tests" of financial institutions to see if they were healthy enough to buy back shares and pay dividends. Making the matter sinister and less transparent is their gag order on the entire process. The Fed also has some toxic waste they'd like to sell you… Come on! What total b*** s***! … an especially great opportunity to sell / take profits while you still can since there's much worse to come! Fed to hold regular news conferences (WP) [ Wow! Just what everyone needed - more spoon-fed b*** s*** . This is the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Looking Like A Good Time To Sell Into Strength - Harding BOB PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows ]
SEC: Wachovia cheated investors (Washington Post) [ Excuse me for sounding a bit sarcastic but is that not SOP, viz., standard operating procedure on fraudulent and certainly ubiquitous through the last crash and even now? This latest nasdaq stunt takes the cake: Top 3 Reasons were Flat While Gold Set Another Record [ I truly can see decreasing the apple weighting, and increasing the oracle (open office, etc.), google (ubiquitous) weighting, but increasing dyingosaur microsoft weighting … I don't think so … something's gone awry here that smacks of desperation and an attempt to circumvent the visual effects on the nasdaq of a post-jobs apple, viz., over-priced apple sauce. Isn't that just like the frauds on wall street … to pad the nasdaq bubble based on a 1-stock story, and manipulate when that 1-stock story falls to earth! April Is a Good Time to Sell [ I quite agree … overvalued to the hilt in this new manipulated bubble … at the least a 'sell in May and go away', but 'don't be mentally ill, sell in April!' ] Adler 'Both banks and foreign central banks [FCB] have normal buying cycles, and last week’s evidence suggests that both are just past the peak of those cycles. In addition, because of Japan’s predicament, FCB buying is for the foreseeable future, likely to be well below the necessary levels to keep levitating stocks. Add to that, the loss of the 2 month long, $25 billion weekly stipend from the Treasury on March 24, and we have the conditions for a rough patch.
With less help from the Treasury, the banks, and FCBs, the Fed would have its hands full keeping all its balls in the air. Some would be likely to hit the ground, but not this month. That’s because of the light Treasury supply that I covered in the Treasury update. That makes the job much easier this month, even without the banks and the FCBs.
This week is one of those easy weeks, with lots of Fed pumping and no new Treasury supply ...
The evidence shows that banks are again out of the Treasury buying game. It also shows that they lost money in the first quarter, which is insane considering that their cost of funds is zero. It’s an indication of just how dire the circumstances are. Banks continue to accumulate cash at a frantic rate in their accounts at the Fed. The last time reserves rose this fast was in the midst of the crisis in 2008.
...
These elements essentially neutralize the Fed’s pumping. ..
In the meantime I would not wait to "sell in May and go away." April looks like a good time to scale out of all equity longs, including in particular broad based ETFs, like SPY (SPY), DIA (DIA), QQQ (QQQ), and IWM (IWM). Aggressive traders and hedgers can use strength to establish short positions probably around mid-month and after ...' ] Wachovia Capital Markets charged inflated markups on securities tied to home mortgages, regulators say.
Flood of phishing may follow breach (Washington Post) [ Well, I don't know about the breach, but going fishing in May sounds like a good idea … even April ...
April Is a Good Time to Sell [ I quite agree … overvalued to the hilt in this new manipulated bubble … at the least a 'sell in May and go away', but 'don't be mentally ill, sell in April!' ] Adler 'Both banks and foreign central banks [FCB] have normal buying cycles, and last week’s evidence suggests that both are just past the peak of those cycles. In addition, because of Japan’s predicament, FCB buying is for the foreseeable future, likely to be well below the necessary levels to keep levitating stocks. Add to that, the loss of the 2 month long, $25 billion weekly stipend from the Treasury on March 24, and we have the conditions for a rough patch.
With less help from the Treasury, the banks, and FCBs, the Fed would have its hands full keeping all its balls in the air. Some would be likely to hit the ground, but not this month. That’s because of the light Treasury supply that I covered in the Treasury update. That makes the job much easier this month, even without the banks and the FCBs.
This week is one of those easy weeks, with lots of Fed pumping and no new Treasury supply. That should be relentlessly bullish, but you sure wouldn’t know that from Monday’s action. There’s tremendous drag behind the scenes that is preventing the Fed’s pumping from having as much effect is it would otherwise.
The evidence shows that banks are again out of the Treasury buying game. It also shows that they lost money in the first quarter, which is insane considering that their cost of funds is zero. It’s an indication of just how dire the circumstances are. Banks continue to accumulate cash at a frantic rate in their accounts at the Fed. The last time reserves rose this fast was in the midst of the crisis in 2008.
Although the banks did buy some Treasuries in mid-March, they have again stopped buying, and have reduced their holdings, opting to hold cash at the Fed instead. The banks are pulling cash out of the system and depositing it in their reserve accounts even faster than the Fed is printing it, lately 60% faster. We have to wonder what has them so spooked.
At the same time, FCB purchases of Treasuries are also backsliding, and are well below the threshold where they need to be to keep the markets stable.
These elements essentially neutralize the Fed’s pumping ...
In the meantime I would not wait to "sell in May and go away." April looks like a good time to scale out of all equity longs, including in particular broad based ETFs, like SPY (SPY), DIA (DIA), QQQ (QQQ), and IWM (IWM). Aggressive traders and hedgers can use strength to establish short positions probably around mid-month and after ...'
Top 3 Reasons were Flat While Gold Set Another Record [ I truly can see decreasing the apple weighting, and increasing the oracle (open office, etc.), google (ubiquitous) weighting, but increasing dyingosaur microsoft weighting … I don't think so … something's gone awry here that smacks of desperation and an attempt to circumvent the visual effects on the nasdaq of a post-jobs apple, viz., over-priced apple sauce. Isn't that just like the frauds on wall street … to pad the nasdaq bubble based on a 1-stock story, and manipulate when that 1-stock story falls to earth! ] Wall Street Cheat Sheet 'On Tuesday April 5, 2011, Markets closed flat on Wall Street: DJI -0.05% SP500 -0.02% Nasdaq +0.07% Gold +1.37% Oil -0.45% . Markets went nowhere today … again. Today’s story was Gold (NYSE:GLD) setting new record highs. (See “Gold Bugs, Unite!“)
Today’s markets were flat because:
1) The US Services sector continues to expand. Although the ISM Non-Manufacturing Index came in below Wall Street expectation, 16 out of 17 sectors expanded. Check Out: Chart of the Day: US Services Sector Breathes, But Still Expanding.
2) The Nasdaq 100 (NASDAQ:QQQ) is rebalancing. It was bad news for Nasdaq OMX Group’s (NASDAQ:NDAQ) former love Apple (NASDAQ:AAPL). Apple currently comprises 20.49% of the index, but will drop to 12.33%. However, other tech heavy-weights are cheering the move. Microsoft (NASDAQ:MSFT) is increases its weighting to 8.3% from 3.41%, Intel (NASDAQ:INTC) increases to 4.2% from 1.75%, Oracle (NASDAQ:ORCL) increases to 6.68% from 3.38%, and Google (NASDAQ:GOOG) increases to 5.8%. That’s some nice wind on the back of new CEO Larry Page.
3) Bonus: Chipotle (NYSE:CMG) sets a new 52-week high. We recommended Chipotle to our Wall St. Cheat Sheet Investment Newsletter subscribers when it was trading at $140. Today it hit $280....'
April Is a Good Time to Sell [ I quite agree … overvalued to the hilt in this new manipulated bubble … at the least a 'sell in May and go away', but 'don't be mentally ill, sell in April!' ] Adler 'Both banks and foreign central banks [FCB] have normal buying cycles, and last week’s evidence suggests that both are just past the peak of those cycles. In addition, because of Japan’s predicament, FCB buying is for the foreseeable future, likely to be well below the necessary levels to keep levitating stocks. Add to that, the loss of the 2 month long, $25 billion weekly stipend from the Treasury on March 24, and we have the conditions for a rough patch.
With less help from the Treasury, the banks, and FCBs, the Fed would have its hands full keeping all its balls in the air. Some would be likely to hit the ground, but not this month. That’s because of the light Treasury supply that I covered in the Treasury update. That makes the job much easier this month, even without the banks and the FCBs.
This week is one of those easy weeks, with lots of Fed pumping and no new Treasury supply. That should be relentlessly bullish, but you sure wouldn’t know that from Monday’s action. There’s tremendous drag behind the scenes that is preventing the Fed’s pumping from having as much effect is it would otherwise.
The evidence shows that banks are again out of the Treasury buying game. It also shows that they lost money in the first quarter, which is insane considering that their cost of funds is zero. It’s an indication of just how dire the circumstances are. Banks continue to accumulate cash at a frantic rate in their accounts at the Fed. The last time reserves rose this fast was in the midst of the crisis in 2008.
Although the banks did buy some Treasuries in mid-March, they have again stopped buying, and have reduced their holdings, opting to hold cash at the Fed instead. The banks are pulling cash out of the system and depositing it in their reserve accounts even faster than the Fed is printing it, lately 60% faster. We have to wonder what has them so spooked.
At the same time, FCB purchases of Treasuries are also backsliding, and are well below the threshold where they need to be to keep the markets stable.
These elements essentially neutralize the Fed’s pumping. It may not be enough to send the markets lower, and in the absence of new Treasury supply, Fed buying should be enough to keep the field tilted in favor of higher prices. April’s bias should be to the upside, but the background drag will be there. Things will get tougher in May when Treasury supply increases, and really tough this summer when the Fed presumably will stop pumping. The question at that point is to what extent the banks and FCBs will be on the upside of their buying cycle, and will that alone be enough to prevent a selloff.
In the meantime I would not wait to "sell in May and go away." April looks like a good time to scale out of all equity longs, including in particular broad based ETFs, like SPY (SPY), DIA (DIA), QQQ (QQQ), and IWM (IWM). Aggressive traders and hedgers can use strength to establish short positions probably around mid-month and after ...'
Top 3 Reasons were Flat While Gold Set Another Record [ I truly can see decreasing the apple weighting, and increasing the oracle (open office, etc.), google (ubiquitous) weighting, but increasing dyingosaur microsoft weighting … I don't think so … something's gone awry here that smacks of desperation and an attempt to circumvent the visual effects on the nasdaq of a post-jobs apple, viz., over-priced apple sauce. Isn't that just like the frauds on wall street … to pad the nasdaq bubble based on a 1-stock story, and manipulate when that 1-stock story falls to earth! ] Wall Street Cheat Sheet 'On Tuesday April 5, 2011, Markets closed flat on Wall Street: DJI -0.05% SP500 -0.02% Nasdaq +0.07% Gold +1.37% Oil -0.45% . Markets went nowhere today … again. Today’s story was Gold (NYSE:GLD) setting new record highs. (See “Gold Bugs, Unite!“)
Today’s markets were flat because:
1) The US Services sector continues to expand. Although the ISM Non-Manufacturing Index came in below Wall Street expectation, 16 out of 17 sectors expanded. Check Out: Chart of the Day: US Services Sector Breathes, But Still Expanding.
2) The Nasdaq 100 (NASDAQ:QQQ) is rebalancing. It was bad news for Nasdaq OMX Group’s (NASDAQ:NDAQ) former love Apple (NASDAQ:AAPL). Apple currently comprises 20.49% of the index, but will drop to 12.33%. However, other tech heavy-weights are cheering the move. Microsoft (NASDAQ:MSFT) is increases its weighting to 8.3% from 3.41%, Intel (NASDAQ:INTC) increases to 4.2% from 1.75%, Oracle (NASDAQ:ORCL) increases to 6.68% from 3.38%, and Google (NASDAQ:GOOG) increases to 5.8%. That’s some nice wind on the back of new CEO Larry Page.
3) Bonus: Chipotle (NYSE:CMG) sets a new 52-week high. We recommended Chipotle to our Wall St. Cheat Sheet Investment Newsletter subscribers when it was trading at $140. Today it hit $280....'
[video] Weisberg: Market Priced for Earnings Perfection [ I'd say far more than perfection as in contrived, fraudulent overbought bubble! ]
Monetary and Fiscal Policy Uncertainty: Dave's Daily ' Fed minutes revealed what most thought despite recent signs of improvement in the US economy; it didn't need to change its plan to boost the economy by buying $600 billion worth of bonds. In fact some thought QE2 should continue past the scheduled June expiration. Therefore POMO continues and Wednesday the Fed bought another $7.5 billion from their pals on Wall Street.
Separately, a government shutdown looms, which troubles some but not me particularly. There's more politics and posturing than leadership in Washington, that's for sure.
There was more fun when Michael Steinhardt of trading fame and now chairman of Wisdom Tree went off the reservation blasting Buffett and phony inflation data. The CNBC panel was flummoxed.
Stocks did little overall despite the long delayed reweighting of the NASDAQ affecting Apple (AAPL), Microsoft (MSFT) and Cisco (CSCO). Given the Fed's unwillingness to deal with obvious inflation in commodity markets, precious metals once again were higher being the featured sector Wednesday.
Volume remains anemic while breadth per the WSJ was flat...'
Retail, ISM, Fed Reports Lead Tuesday's Economic Calendar [ Watch for the fake data / reports as their desperation grows! ]
A Weak SOX Can Trump a Dow Theory Buy Signal Suttmeier 'We are now operating under a Dow Theory Buy Signal as the Dow Industrial Average closed at 12,400.03 on Monday above its February 18 high at 12,391.29. Be aware that the Philadelphia Semiconductor Index (SOX) is a drag in the opposite direction being down 9.5% from its February high. The Dow Industrials is up 0.1%, Dow Transports is up 1.4%, as is the Russell 2000 versus February highs. The SOX thus questions the sustainability of the Dow Theory Buy.
Stocks Remain Overvalued Fundamentally – We are operating under a ValuEngine Valuation Watch with more than 60% of all stocks overvalued. At Friday’s close 61.1% of all stocks were overvalued. In addition all 16 sectors are overvalued with eight by double-digit percentages. A ValuEngine Valuation Warning occurs when more than 65% of all stocks are overvalued. This last occurred at the mid-February highs.
10-Year Note – (3.431) The 10-Year yield is back below its 50-day simple moving average at 3.466, which favors the flight to quality scenario. Daily, annual and quarterly value levels are 3.537, 3.796 and 4.016 with weekly and monthly risky levels at 3.275 and 3.181...'
Wages not keeping pace with prices (Washington Post) [ Yes , there is a substantial cost to 'no-recession, helicopter ben' b. s. bernanke's attempt at new age alchemy in trying to spin worthless currency / paper securities / toxic assets into gold for the sake of fraudulent wall street only; which of course, not only does not work, but invariably ends quite badly. The more recent your trip to the grocery store, gas station, etc., the more pronounced the evidence. There is no modern day alchemy that 'spins more paper into gold'. That value has to come from some place; viz., you! Chemist charged with insider trading (Washington Post) [ This remains incredulous to me. Everyone but the big boys / frauds! Not just corruption, but bad time /resource management. The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed (this would also help significantly the hapless, hopeless budget scenario). Drop in home prices raises fear of double dip (Washington Post) [ Fear of double dip? We're in a continuing dip that never really ended with obfuscations of reality including more insurmountable debt and fed-based manipulations (Dave explains infra) Case-Shiller Chairman: Here’s Why the Housing Market Recession is Not Over Wall St Cheat Sheet 'Welcome to 2003! The S&P Case-Shiller Home Price Index 10-City Composite was down 2% and the 20-City Composite fell 3.1% in January on a year-over-year basis. On a monthly basis, the 10-City Composite was down 0.9% and the 20-City Composite fell 1.0% in January versus December 2010.San Diego and Washington D.C. were the only two markets to record positive year-over-year changes. However, San Diego was up a scant 0.1%, while Washington DC posted a healthier +3.6% annual growth rate. The same 11 cities that had posted recent index level lows in December 2010, posted new lows in January.
David M. Blitzer, Chairman of the Index Committee at Standard & Poor’s commented:
“Keeping with the trends set in late 2010, January brings us weakening home prices with no real hope in sight for the near future. With this month’s data, we find the same 11 MSAs posting new recent index lows. The 10-City and 20-City Composites continue to decline month-over-month and have posted monthly declines for six consecutive months now.These data confirm what we have seen with recent housing starts and sales reports. The housing market recession is not yet over, and none of the statistics are indicating any form of sustained recovery . At most, we have seen all statistics bounce along their troughs; at worst, the feared double-dip recession may be materializing. ..., but both series have moved closer to a confirmed double-dip for six consecutive months. At this point we are not too far off, and that is what many analysts are seeing with sales, starts and inventory data too...' M&A, Ben Resuscitate Bulls: Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money--nifty trick eh? With all the geopolitical and nuclear events going on little noticed was Fed "stress tests" of financial institutions to see if they were healthy enough to buy back shares and pay dividends. Making the matter sinister and less transparent is their gag order on the entire process. The Fed also has some toxic waste they'd like to sell you… (see infra)’ ] False / fake data / reports galore … High oil price rally! Come on! What total b*** s***! Previous rally sparked by upward revision of GDP by the scandal-scarred commerce department? You can’t believe anything these desperate self-servers say! This manipulated bubble in this secular bear market based on b*** s*** alone and today’s suckers’ rally on more bad/worse than expected news (consumer confidence down) provides an especially great opportunity to sell / take profits while you still can since there's much worse to come! Fed to hold regular news conferences (Washington Post) [ Wow! Just what everyone needed … more spoon-fed b*** s*** / jawboning by the flawed, flatulent, faultful fed … for the sake of fraudulent wall street … you do remember those 'no-recession' jawbone sessions that sent the prior bubble expanding faster than 'the big bang' itself … until every got and continues to get banged from the last bubble-fraud crash. Chairman Bernanke’s move is part of efforts by the central bank to make the institution appear less secretive. States target jobless benefits (Washington Post) Durable goods (leading indicator) 200% worse than expected, stocks rally. ‘ February Durable Goods Orders Disappoint NEW YORK (TheStreet) Bharatwaj …’ This is the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Looking Like A Good Time To Sell Into Strength - Harding BOB PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows ]
Gold Settles at Record High Above $1,452 Reuters | Gold prices rose to settle at a record high above $1,452 ounce Tuesday.
The foreclosure mess isn’t going away Zachary Roth | Compelling video of a grandmother being evicted from her home by a SWAT team.
Oil prices hit all-time high in Britain Mail Online | Increases the mounting pressure on Bank of England interest rate-setters.
Larry Kramer CHART OF THE DAY: Verizon iPhone Owners Don't Have As Many Dropped Calls As AT&T iPhone Owners http://t.co/tj40Ku8 via @businessinsider
Larry KramerApple makes bid to become gatekeeper for newspapers and magazines - Be Careful! San Jose Mercury News http://t.co/j6OYNDh [ Very bad idea … for you … great for apple's over-priced offerings of all kinds; viz., hardware, software, content, etc.. … Let's just hope the air you breathe is not garnered through apple / itunes, etc.. ]
Gold in record territory, pushes past $1,443 Gold futures shook off early weakness to trade in record territory Tuesday, supported by conflict in the Middle East and North Africa, fears of a potential U.S. government shutdown and a drop for a key service-sector gauge.
US to reach debt limit by May 16: Treasury The United States is likely to hit its $14.29 trillion debt limit sooner than thought, the Treasury Department said Monday, pressuring lawmakers to raise the ceiling or face a possible government default.
Debt Management: Is There Any Hope For America’s Debt Problem? Wouldn’t it be nice if our politicians in Washington D.C. simply decided that we are not going to spend more money then we bring in? That would just seem to be common sense. After all, what do most of those big time debt management seminars teach?
Reaping What Bretton Woods Has Sown The seeds of today’s monetary problems were laid at Bretton Woods, NH in 1944, as a combination of socialists, communists and fascists laid the groundwork for the IMF, the World Bank and the eventual elimination of gold from the monetary world. The Federal Reserve’s role was to bring that about from behind the scenes.
National / World
10 Reasons Obama is Just As Bad or Worse Than Bush George W. Bush was clearly a mentally-challenged puppet of the military/banking/oil elite. The policies put it in place at breakneck speed after 9/11 were provably predetermined by think tanks well in advance. Not that other presidents were any less controlled by this hidden agenda, but there was a noticeable in-your-face quickening of corporate-government tyranny under Bush. [ Clearly, there is no denying the verity of this article. As such, this and the 10 reasons are set forth infra, following some prominent links from the Drudgereport. ]
Typical jersey – I recall back when, essex county sheriff d'allessio got indicted for innumerable bribes mob-infested jersey style … Christie says Essex County executive is wrong to collect pension, full salary TRENTON — Gov. Chris Christie said today that Essex County Executive Joseph N. DiVincenzo Jr. is wrong to collect a pension and a salary for the same position simultaneously. Christie, in his strongest words yet on the issue, said he called DiVincenzo to express his displeasure. "I made this really … California's got their Bell's rizzo, etc., et als
Libyan rebels gain backing (Washington Post) [ Well there you go … it's all over but the shoutin'! … Riiiiight!Libya is a Continuation of Neocon War to Remake Middle East [ Come on! They're muddling along, debt ridden, incompetent, declining, failing, almost to a nation, individually and collectively. Trying to still appear relevant, more important are the nations absent from their war crimes folly (excepting israel for which these treasury depleting fiascos in the name of zionism continue down this path of self-defeat / self-destruction) ] Secret Illegal War Of Aggression Has Been Raging In Libya For Weeks Watson | US and British spies have been coordinating war for oil for some time. Rebels in ‘tactical’ retreat as leaders meet (WP) [ Tactical … riiiiight! Well, that sounds like a plan … right out of the manuals on trench warfare from WWI … works every time … you know, those manual tactics … meanwhile, back at the other american induced wartime disasters ... ] Italy became the third country to recognize the opposition as the legitimate government...
City withers in shadow of reactors (Washington Post) Japan dumps radioactive water into ocean [ Japan will never be viewed nor be quite the same again; somewhat hapless, if not hopeless, they have indeed become. Drudgereport: JAPAN TRIES 'SHREDDED NEWSPAPER' TO STOP NUKE LEAK (Well, there you go … a nostalgic throwback to yesteryear … paper maché … who woulda' thunk it … or remembered it … riiiiight … sounds like a plan!) 4 of 6 Daiichi reactors can’t be fixed (Washington Post) [ I continue to believe this to be a far more serious catastrophe with further reaching consequences, economically, financially, and otherwise than are being sloughed off by markets, pols, and media. It truly is sad to even think about what seem likely to be 'suicide jobs' but I must say I was incredulous regarding the $5,000 / day offer of recruitment for such workers (short-term? … for as long as they live?... Wow! … I immediately thought of skid row, the bowery, and admit to being somewhat ashamed for having done so.) Fukushima Nuke Plant Now in Full Meltdown Kurt Nimmo | Smoke was reported at a second nuclear power plant in Japan today. Japan’s Nuclear Rescuers: ‘Inevitable Some of Them May Die Within Weeks’ Workers at the disaster-stricken Fukushima nuclear plant in Japan say they expect to die from radiation sickness as a result of their efforts to bring the reactors under control, the mother of one of the men tells Fox News.Smoke Rises from DIFFERENT Nuclear Complex … 7 Miles from the Leaking Reactors The same nuclear power plant operator that runs the Daiichi complex – Tepco – runs a separate nuclear complex 7 miles away, called Fukushima Daini. There are 4 reactors located at the Daini complex.Japan Considers Entombing Nuclear Plant as Workers Fight to Stop Radiation Bloomberg | Japan will consider entombing its crippled atomic plant in concrete. Reactors now leaking plutonium into soil New York Post | “The situation is very grave,” Chief Cabinet Secretary Yukio Edano said today. ]Workers continue to endure soaring radiation levels as they work to stave off a full-scale meltdown. ] In area that survived quake and tsunami largely intact, nuclear fears have created a ghost town.
Wages not keeping pace with prices (Washington Post) [ Yes , there is a substantial cost to 'no-recession, helicopter ben' b. s. bernanke's attempt at new age alchemy in trying to spin worthless currency / paper securities / toxic assets into gold for the sake of fraudulent wall street only; which of course, not only does not work, but invariably ends quite badly. The more recent your trip to the grocery store, gas station, etc., the more pronounced the evidence. There is no modern day alchemy that 'spins more paper into gold'. That value has to come from some place; viz., you! M&A, Ben Resuscitate Bulls: Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money--nifty trick eh? With all the geopolitical and nuclear events going on little noticed was Fed "stress tests" of financial institutions to see if they were healthy enough to buy back shares and pay dividends. Making the matter sinister and less transparent is their gag order on the entire process. The Fed also has some toxic waste they'd like to sell you / ' ...The Fed has injected $500 billion (another $7B in POMO Wednesday) to the financial system since January 2011 and that wave of liquidity is overwhelming most thoughtful analysis... Sure it's the end of the quarter and a jam-job to close things out puts a smile on investors' faces and bonuses in portfolio managers' pockets. Painting the tape and window dressing is against the law … ’ 19 Reasons Why The Federal Reserve Is At The Heart Of Our Economic Problems Most Americans don't understand what the Fed Reserve is or why it is at the heart of our economic problems...most of them still blame either the Democrats or Republicans for inflation, for the housing crash, for our rampant unemployment and for the national debt. ] ] Inflation is back, with higher prices for food and fuel, and what hurts is paychecks are falling behind.
With deadline near, spending accord is elusive (Washington Post) [ If only their spending was as elusive as accords. Oh, there's no question but that they really know how to spend your money at the further expense of children … yet, elusive in this context is a good thing as hope still remains … House GOP leaders turn to Dems for deal (Washington Post) [ Of Dees, Dems, Does, and Gops … Sounds like a plan … Not! … The people are still hoping, praying … will their dream come true? … Government shutdown looms-Paul Kane (Washington Post) [ Shutdown? ... One can only hope, and pray ... after all, they can't muck up what they're not in session to f*** up ... Government shutdown looms Paul Kane (Washington Post) ]
Paul B. Farrell: Super-Rich CEOs are killing your retirement SAN LUIS OBISPO, Calif. (MarketWatch) — 'Headlines race across the web: “Jamie Dimon Worries That Financial Regulation Will Doom Banks, Forever.” Doom? Forever? Settle down Dimon, this sounds like an over-the-top B-movie promo for “Vampire Chronicles.” ...
Mark Whitehouse explains how while low interest rates have meant big profits for banks, they are hurting small investors, including seniors who are seeing their cash earn minimal interest... 1-10 … 11. Nations ignore obvious till too late, then collapse rapidly
Yes, the end will be swift. Why? Few can take the warnings of geniuses like evolutionary anthropologist Jared Diamond. In “Collapse: How Societies Choose to Fail or Succeed,” Diamond warns that societies fail because they’re unprepared, in denial till it’s too late: “Civilizations share a sharp curve of decline. Indeed, a society’s demise may begin only a decade or two after it reaches its peak population, wealth and power.” Just two decades. America hit its peak in 2000, with Bush’s election. Our two-decade reprieve will soon be up.
...
And again, the warnings are everywhere. Again ignored. Tragic figures like Dimon, Bernanke, Geithner as well as Bachus, Bachman, Palin, Trump, Koch Brothers and even Obama have that blind spot. They simply cannot hear any warnings … won’t till it’s too late. '
] After weeks of negotiating over money, time is now the biggest concern. There is general agreement the sides must work out a deal by Tuesday night.
Milbank: Robots in Congress? Yes, we replicant! (Washington Post) [ Wow! Mr. Milbank was apparently in quite an artsy mood when writing this article, so replete with latent meaning. Yet, when I think of replicants, I tend to think of the greater brilliance and beauty, viz., ie., Rutger Hauer and Sean Young / Darryl Hannah respectively in the spectacular classic, 'Blade Runner' by Ridley Scott; and hence, Mr. Milbank slights their memory unfairly. Moreover, when I think of henry waxman, I can't help but picture some hapless creature of the woodlands, ie., hedgehog, groundhog, etc., who gets plenty of face-time (big mistake ... doesn't he look like such a creature, personified?) but few results ($360 tons of hundreds flown into Iraq, etc.). He could have said biden's short-circuited (that previous lobotomy), harry's (milk-)toast, boxer (the california disaster), schumer a mob-friendly zionist (that FBI Agent Taus Affidavit), and pelosi correctly described as obsolete, disfunctional, incompetent, but beloved? … I don't think so, and I'm constrained to take issue with that. McConnel? I really seldom watch/listen to them but I guess he's good for Barney Fife or one of the original Hatfields / McCoys. Yes, they are all that … bad, and worse. It's good to see Mr. Milbank giving them a well-deserved shot across their bow … but he should keep in mind that robots with human flesh would be considered cyborgs … please don't insult the robots, they would say. The robots indeed take umbrage! ]
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