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 ]

Harold Camping: the heart of the doomsday frenzy (Los Angeles Times)

The last-minute rapture reading list (Los Angeles Times) [Drudgereport: `Preacher made same prediction in 1994...` `Doomsday church thriving, worth $72 million...` [Previous: ‘End of Days’ message rolls into D.C. (Washington Post) The potentially rotten news that the world will end on May 21 arrived plastered on a caravan of RVs. [ Gee … little premature … you know, that 2012, end of Mayan calendar, Nostradamus thing … I previously weighed in / wrote: Why do Americans still dislike atheists? (Washington Post) [ And not just americans … Why? First and foremost because there is a God. Second, it is intellectually dishonest to be an atheist. Specifically, there is absolutely no evidence to dispute the existence of God. While one might similarly argue that there is no evidence to suggest there is a God (which I would dispute), which for most is a fair statement, the same would yield at best, if intellectually honest, the position of ‘agnostic’. I can totally understand and even empathize with the view of the agnostic. After all, at this point, there seems to be ‘no rhyme nor reason’ at all. But, think binary, positives / negatives. Just too many negatives. Think ‘capital punishment’. No, the world’s not going to end in 2012 as some fear. Rather, think slow burn; decades at best; then ‘poof’. In the scheme of things, this world’s just not that important (apes, notochordates, and initially single celled organisms).

LinkedIn: Getting it while the getting is good (Los Angeles Times) Column: The firm's hot IPO should make the Fed happy as it tries to get money moving in the economy. But what happens when the latest stimulus program ends? [ Hot IPO? More like ‘Twilight Zone’ time and Dave thinks so as well … In reminder of '90s, LinkedIn has big first day (AP) - There was an unmistakable echo of the dot-com boom Thursday on Wall Street. Rod Serling Now Linked-In : Dave's Daily ‘It definitely remains a really strange market. Fed Governor Fisher summed things up nicely Thursday stating: "We've gone from too little liquidity to too much." He's definitely off the main Fed talking points but a little honesty explains the "more money than brains" market. The LinkedIn(LNKD _) IPO typifies this Thursday. You may not be aware of it but word on the street is only ten institutions were privileged to obtain freshly issued shares. I wonder who was favored with this gift; care to guess? You couldn't get a collection of bad economic news much worse than what appeared today. While Jobless Claims were marginally lower given previous adjustments, the moving average of claims reached six-month highs; Home Sales were down...again; the Philly Fed reading came in at 3.9 vs 18 expected; and Leading Indicators were lower 0.3 vs flat expectations. These were dreadful but bulls brushed them off hoping for more POMO and extended ZIRP. Perhaps the stupid people are the ones not playing ball, given rising markets on this lousy economic news. LinkedIn should remind everyone of dotcom experiences but it's really about too much liquidity. Commodity prices were generally lower with economic data while the dollar was weaker and so too were base and precious metals. Bonds were flat overall…’ ]

Obama praises CIA’s role in bin Laden killing (Washington Post) [ Kinda like that gay sex and crack cocaine use by wobama (the cia’s into that cocaine business in a very big way) with Larry Sinclair (from Sinclair’s affidavit); their mutual lovefest … they (cia/wobama) just ‘can’t get enough of each other these days’ … all that stroking … and as with most such ‘group therapies’, such mutual support though contraindicated in terms of reality, has become all too cloyingly, disingenuously regular, however ineffective … nobody’s buying their bs anymore … OPINION: Words can only do so much (Washington Post) [ Especially when they’re belied by misguided actions … . Pakistani troops, NATO helicopters engage in firefight 6th soldier charged in plot to kill Afghan civilians (Washington Post) [ Gen. Hamid Gul: U.S. Generals Provoking War with Pakistan Jones | Hamid Gul, former ISI chief, talks about NATO firing on Pakistani troops and the prospect of WWIII. Ludicrous Bin Laden “Porno” Claim Harks Back To CIA Fakery Watson | Spooks admitted creating hoax videotapes of Osama talking about having sex with boys. [ Yeah! This is becoming preposterous and it’s quite amazing that anyone’s believing anything they say. Next thing you know, they’ll be saying beyond the porn stash, Bin Laden was a closet Christian. Osama bin Laden: A dead nemesis perpetuated by the US government ... May 1, 2011 ... U.S. intelligence is that bin Laden needs dialysis every 3 days ... http://whatreallyhappened.com/WRHARTICLES/osama_dead.php 5-1-11, JUST MOMENTS BEFORE PRESIDENT OBAMA ANNOUNCED THAT THE US HAD KILLED OSAMA BIN LADEN, THE WHATREALLYHAPPENED WEBSITE CAME UNDER MASSIVE DISTRIBUTED DENIAL OF SERVICE ATTACK. THIS PAGE, WHICH DOCUMENTS THAT OSAMA BIN LADEN ACTUALLY DIED IN DECEMBER OF 2001, APPEARS TO BE WHAT THE WHITE HOUSE DIDN'T WANT AVAILABLE WHILE THE NEW PROPAGANDA WAS "CATAPULTED FORWARD". IT IS POSSIBLE THAT THIS IS THE OPENING GAMBIT IN A PLAN TO STAGE A "REVENGE" ATTACK FROM "AL QAEDA" ON THE UNITED STATES, WITH WHICH TO JUSTIFY TOTAL WAR ON THE MIDDLE EAST… FLASHBACK: Editorial: US in quagmire War in Afghanistan and Iraq costs America $1trillion “All In All It Appears That Eisenhower’s Worst Fears Have Been Realized And His Remarkable And Unique Warnings Given For Naught” Financialization and Our Increasingly Unstable Economy Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... `‘`In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv

Harold Camping: the heart of the doomsday frenzy (Los Angeles Times)

The last-minute rapture reading list (Los Angeles Times)

Signs of the apocalypse Quinn: It’s not the end of the world Petri: Harold Camping’s actual calculations (Washington Post) [ Drudgereport: Preacher made same prediction in 1994... Doomsday church thriving, worth $72 million... [Previous: ‘End of Days’ message rolls into D.C. (Washington Post) The potentially rotten news that the world will end on May 21 arrived plastered on a caravan of RVs. [ Gee … little premature … you know, that 2012, end of Mayan calendar, Nostradamus thing … I previously weighed in / wrote: Why do Americans still dislike atheists? (Washington Post) [ And not just americans … Why? First and foremost because there is a God. Second, it is intellectually dishonest to be an atheist. Specifically, there is absolutely no evidence to dispute the existence of God. While one might similarly argue that there is no evidence to suggest there is a God (which I would dispute), which for most is a fair statement, the same would yield at best, if intellectually honest, the position of ‘agnostic’. I can totally understand and even empathize with the view of the agnostic. After all, at this point, there seems to be ‘no rhyme nor reason’ at all. But, think binary, positives / negatives. Just too many negatives. Think ‘capital punishment’. No, the world’s not going to end in 2012 as some fear. Rather, think slow burn; decades at best; then ‘poof’. In the scheme of things, this world’s just not that important (apes, notochordates, and initially single celled organisms). Kind of akin to what I previously wrote: (God doesn’t care that you wrestle a girl who wants to wrestle!) Boy wrestler forfeits match to female opponent... [ What a homo! Wow! I feel sorry for those guys she actually beat (20 of them – her record was 20 and 13) … they’ll probably never get over it … nor should they … I have to rethink my regard for Iowa, Iowa state wrestling now presuming such stalwart championship teams to be the products of out-of-state imports … as for the guy who forfeited, he could have easily and gently taken her down (you can easily do that with a lesser opponent), got her in a double grapevine and grind her in a certain way into the mat, and when she was in the throws of convulsive orgasm, she’d unwittingly arch her back, thereby pressing her own shoulder blades to the mat, thereby pinning herself, thus enabling the homo to say in a manner of speaking that he was making heterosexual love not war with her ……… how pathetic and preposterous this was … and, let me remind the homo that God doesn’t care that you wrestle a girl who wants to wrestle! ]

Senate Dems find themselves in a tough spot (Washington Post) [ Tough spot? Like Iraq and a hard place … called Afghanistan … indeed they are … in a tough spot … of their own making … by a wobama prevaricating approach to most all things despite campaign promise that belie their actions, or lack thereof. ] Democrats who control the Senate are blocking bills from the GOP-led House and changing the way they are selling themselves in reelection campaigns. [ OPINION: Words can only do so much (Washington Post) [ Especially when they’re belied by misguided actions … . Pakistani troops, NATO helicopters engage in firefight 6th soldier charged in plot to kill Afghan civilians (Washington Post) [ Gen. Hamid Gul: U.S. Generals Provoking War with Pakistan Jones | Hamid Gul, former ISI chief, talks about NATO firing on Pakistani troops and the prospect of WWIII. Ludicrous Bin Laden “Porno” Claim Harks Back To CIA Fakery Watson | Spooks admitted creating hoax videotapes of Osama talking about having sex with boys. [ Yeah! This is becoming preposterous and it’s quite amazing that anyone’s believing anything they say. Next thing you know, they’ll be saying beyond the porn stash, Bin Laden was a closet Christian. Osama bin Laden: A dead nemesis perpetuated by the US government ... May 1, 2011 ... U.S. intelligence is that bin Laden needs dialysis every 3 days ... http://whatreallyhappened.com/WRHARTICLES/osama_dead.php 5-1-11, JUST MOMENTS BEFORE PRESIDENT OBAMA ANNOUNCED THAT THE US HAD KILLED OSAMA BIN LADEN, THE WHATREALLYHAPPENED WEBSITE CAME UNDER MASSIVE DISTRIBUTED DENIAL OF SERVICE ATTACK. THIS PAGE, WHICH DOCUMENTS THAT OSAMA BIN LADEN ACTUALLY DIED IN DECEMBER OF 2001, APPEARS TO BE WHAT THE WHITE HOUSE DIDN'T WANT AVAILABLE WHILE THE NEW PROPAGANDA WAS "CATAPULTED FORWARD". IT IS POSSIBLE THAT THIS IS THE OPENING GAMBIT IN A PLAN TO STAGE A "REVENGE" ATTACK FROM "AL QAEDA" ON THE UNITED STATES, WITH WHICH TO JUSTIFY TOTAL WAR ON THE MIDDLE EAST… FLASHBACK: Editorial: US in quagmire War in Afghanistan and Iraq costs America $1trillion Editorial: Bin Laden raid no vindication of torture (WP) [I can only wonder what the presence of substantially underrated President General Eisenhower would have meant, and truly believe this entire debacle and the nation’s decline would have been avoided. “All In All It Appears That Eisenhower’s Worst Fears Have Been Realized And His Remarkable And Unique Warnings Given For Naught” Financialization and Our Increasingly Unstable Economy Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... `‘`In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]

How the U.S could lose its credit rating (Washington Post) [ Kinda’ like how the west was won, then lost … but, Davis knows: 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! ‘ …

A taste of Navy SEAL training (Washington Post) The Extreme SEAL Experience gives participants a hint of what it takes to become one of the Navy’s elite. [ How ‘bout more than just a taste of serious math / economics training … you know, the kind that in real terms determines whether such can / should even exist. After all, the nation is defacto bankrupt … 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! ‘ …

Economic Data Dismal This Week as Corporate Earnings (on currency manipulation, dollar debasement) Carry Markets WallStCheatSheet / Nyardi Like Putting Lipstick on a Pig ‘As the old saying goes, “You can put lipstick on a pig but it’s still a pig,” and this week’s economic and financial data for the U.S. economy have been truly swine-like. Here are the “boarish” details regarding global stock markets and ETFs:

· Japan (NYSE:EWJ) has reentered recession, its economy plunging for the First Quarter at a -3.7% annualized rate, twice as deeply as expected.

· May Empire Manufacturing Index: 11.9 versus 21.7 previously

· April Housing Starts: 523,000 versus 585,000 previously

· April Building Permits: 551,000 versus 574,000 previously

· April Industrial Production: 0.0% versus 0.7% previously

· April Existing Home Sales: 5.05 million versus 5.09 previously, a -13% year over year decline

· May Philadelphia Fed: 3.9 versus 18.5 previously, down from 43 just two months ago which was the highest reading since 1984.

· April Leading Indicators: -0.3 versus -0.7, the first decline since last June

The only glimmer of positive data was in Initial Unemployment Claims which declined to 409,000 versus 438,000 last week, but still above the psychologically and statistically significant 400,000 level.

Bad…bad….bad…..it has definitely been a “Miss Piggy” kind of week as, overall, the economic numbers have been a debacle, particularly the Philly Fed which came in at 3.9 compared to a consensus 20.5 and last month’s 18.5.

Small wonder they call economics the “dismal science.”

At Wall Street Sector Selector, we continue to expect lower prices ahead in global stock markets and maintain our inverse ETF and put option positions…’

Jobless rate up in D.C., dips in Md., Va. The rate fell in more than three-quarters of the nation’s states. (Washington Post) [ Jobless rate? With or without the ‘stopped looking’ fudge factor. I don’t buy any of it!

7 Reasons a Major Stock Market Correction Is Imminent Furman ‘The recent 2.5% pullback in the S&P 500 (SPY) may just be a blip during a year bullish analysts predict the index will finish above 1500. Brief and minor sell-offs have indeed been the market's only hurdles since QE1 began in March 2009 -- the lone exception being early summer 2010, between QE1 and QE2. On the other hand, here are seven reasons U.S. indicies could lose 20% or more in the next two months.

· CONCLUSION OF QE2. Marc Faber, Austrian economist and leading market forecaster, aptly likens fiscal policy to narcotics abuse: Always destructive in the end, though it may have social benefits early on. Over time, however, that benefit requires more and more of the "good" stuff. Americans are no longer net savers and depend, along with every corporation that uses credit or relies on consumer spending, on government jobs and welfare more so than ever before. QE1 supported investment until it was finished. A sell off post-QE2 will be preempted by investors large and small, which may explain recent trading sessions closing in the red.

· COMMODITIES LEADING DOWN. Commodities markets are smaller and less subject to speculation than stock markets, which is why experienced investors refer to them as leading markets. Oil, silver, sugar, copper and other staples for both consumers and producers have fallen severely in price of late. The selling may still be escalating.

· UNCLE BUCK IS BACK. Currency markets are also referred to as leaders to stocks. Trading volume is huge, but more driven by governments and billionaires than pension plans and gamblers. The first few weeks of May have witnessed a long-unseen affinity for the U.S. dollar, which has gained 2-5% versus most currencies. This may signal the beginning of a flight to safety.

· LEADING STOCKS LOOKING UGLY. From economic bellwethers such as Bank of America (BAC) and KB Homes (KBH) to highly profitable market-changers like Apple (AAPL) and OpenTable (OPEN), downward moves have been drastic. Companies like these are growth-drivers of the economy.

· DEFENSIVE STOCKS OUTPERFORMING. The best performers lately include utility companies American Water Works (AWK) and Consolidated Edison (ED), consumer staples companies Procter & Gamble (PG) and General Electric (GE), and pharmaceutical conglomerate Pfizer (PFE). Outperformance by stocks that operate low-risk, low-growth businesses indicates defensiveness by investors or an apparent lack of value elsewhere in the market.

· GLOBAL GROWTH STIFLED. In 2009 and 2010, bullish arguments were largely focused on a "good enough" United States and an emerging market boom. With Middle Eastern sociopolitical turmoil taking center stage in that region, Japan in shambles, Europe using Scotch tape to fix budgets, and inflation crippling economies worldwide, from where is growth to come?

· NO BOTTOM IN SIGHT FOR U.S. HOUSING. It is one of the largest asset markets, and one that affects everyone, in the world's largest economy. Still, even buyer incentives and suppressed interest rates haven't stopped prices from sliding. A growing population and falling housing prices are basic and clear signs of economic recession.

Investors looking to hedge portfolios or even flip net-short have endless choices thanks to inverse and leveraged ETFs, as well as the opportunity to short individual stocks directly or via options. Betting on increased volatility via VXX will also yield profits if markets sell off. Leveraged ETFs inherently lose value over time and are best for day-traders looking for highly-liquid, diversified ways to capture quick moves.

Directly selling a stock or ETF short allows for less potential upside than a leveraged play, but in doing so you avoid paying a time premium. My preferred method is to short indexes via put options. During significant sell offs, stocks generally fall in unison, while diversified ETFs garner lower options premiums than more volatile individual stocks. Technology (QQQ), homebuilders (XHB), retail (XRT) and financial (XLF) sector ETFs as well as broader ones (SPY) offer appealing prices on the massive leverage that comes with options.’

Top 3 Reasons Markets were Down Ahead of the Rapture Craze May 20, 2011 ‘Markets closed down on Wall Street: DJI 0.74% SP500 0.77% Nasdaq 0.71% Gold 1.29% Oil 1.19% .

Markets started down, attempted to recover at lunch, and got slapped back down in the late afternoon. On the commodities front, Oil (NYSE:USO) found a bid as traders start placing their first bets around the new tension between the US and Israel. Gold (NYSE:GLD) retook $1,500 and closed at $1,511.50, while Silver (NYSE:SLV) didn’t have the same luck.

Today’s markets were down because:

· Retailer earnings are flowing in and input costs are crushing margins. Last night Gap (NYSE:GPS) reported earnings and the stock got folded 17%. Although there are store-specific problems, higher cotton costs are going to keep retailers (NYSE:XRT) from enjoying the summer and possibly beyond. This theme was reiterated by Aeropostale (NYSE:ARO) and The Wet Seal (NASDAQ:WTSLA).

· Two milestones were overtaken in the background . If you are still bitter Bill Gates stole IP from IBM to create Microsoft (NASDAQ:MSFT), revenge is yours. Today IBM’s (NYSE:IBM) market cap finally eclipsed Microsoft. IBM is now worth over $208 billion while Microsoft remains in the lowly high $207 billion range. On another note, streaming video company Netflix (NASDAQ:NFLX) now has more subscribers than Comcast (CMSCA) — making Netflix the king with more subscribers than any U.S. cable or satellite provider.

· Let’s face it: LinkedIn! LinkedIn (NYSE:LNKD) may be trading at twice the price it was less than 48 hours ago, but it still got off to a positive start this morning. Unfortunately for shareholders, the irrational exuberance on Day 2 wasn’t the same and the stock was in a downtrend until it closed down 1.23% at 93.09. This could just be some healthy profit taking, or it could be the beginning of a pattern established by other Web 2.0 darlings Demand Media (NYSE:DMD) and RenRen (NYSE:RENN). Don’t Miss: “LinkedIn Now has a Price-Earnings Ratio Making Pets.com Blush” …’

Retail Woes Push Markets Lower

Ready for Apple, Microsoft and S&P to Drop_ The LFB ‘S&P 500 futures (ESM1) (1339) are at a pivotal price point at 1340, with the path of least resistance seeming to be a technical and fundamental drop to support. Recent participation levels have been very weak, with some trading sessions close to 50% off daily averages on the main indices.

Adding to the bearish potential over the next two months of trade will be the lack of upside momentum generated from earnings-related news headlines. Recently published data from Q1 hedge funds that show a change in outlook toward Apple (AAPL) and Microsoft (MSFT) may also weigh on sentiment.

A trading signal will be generated to sell S&P 500 with a session close below 1333, which will target 1328, 1323 and in the mid-term 1315. The SPY (134.35) exchange traded fund that tracks S&P 500 futures momentum historically lags behind the main index, and a sell signal will start to not form until 133.50 is broken.

Investors who do not want to wait for their regional cash market to open, or do not have 24-hour access to the market they have open positions in, are able to access the 24-hour currency market. There is potential to analyze and trade currencies in a high-volume market that is supported by the global inter-bank system, which tracks the 24-hour S&P 500 futures market moves.

Investors can trade currencies in-line with a rising global market, or trade ahead of a falling cash market open. Being able to use currencies offers the opportunity to be in a trade before the regional market opens.

If S&P 500 valuations drop ahead of the next Wall Street session, investors will receive an alternate signal on a currency pair that mirrors the move, so that the trade potential can be accessed at any time. AUD/USD and EUR/USD are strongly aligned with S&P 500 direction, GBP/USD is also well aligned on days that do not have U.K. economic releases, as highlighted previously.

Adding to the potential negativity on equity indices is the outlook on high profile stocks, and the changes in Q1 hedge fund holdings. It would seem that Apple has lost the title of most widely held hedge fund holding, after 22 funds (over 10% of the total 195 that held Apple previously) closed their entire holdings of Apple, which will certainly impact the intra-day dynamics of the market going forward.

At the end of Q1, the most widely held hedge fund stock, according to David Kostin’s Hedge Fund Trend Monitor, was Microsoft, which increased the number of funds holding it from 161 to 181. Those hedge funds have racked up over 10% of losses on this holding alone. The pressure coming to bear from a negative turn in S&P sentiment, as highlighted above, may also impact MSFT as selling pressure will increase in an overall negative equity arena.

A daily chart sell signal on Microsoft formed Feb 22 11, with a drop below 26.90 targeting 25.00. Another sell signal on May 12 11, to sell from 25.20 targeting 24.20 also followed through. A four-hour chart sell signals formed Feb 01 11 from 27.50, which traveled as low as 24.70.

The one-hour charts have been a technical mess, but the 30-minute chart outlook reveals a descending trading pattern that is about to signal a sell signal with a break below 24.40 that targets 24.00 and 23.70.’

Minyanville's T3 Weekly Recap: Stocks Sell Off Into Options Expiration, Judgement Day* [ Riiiiight! ‘Judgement Day’ – Certainly been so for the ‘Terminator’ or former ‘Governator’ … Wow! Or should we say, Bow Wow! I mean, what a dog … You just can’t take former male model schwarzenegger any place … what a failed, gutless wonder and fraud (that commutation) he turned out to be! … Speaking of judgement days, raptures, previously I wrote: ‘End of Days’ message rolls into D.C. (Washington Post) The potentially rotten news that the world will end on May 21 arrived plastered on a caravan of RVs. [ Gee … little premature … you know, that 2012, end of Mayan calendar, Nostradamus thing … I previously weighed in / wrote: Why do Americans still dislike atheists? (Washington Post) [ And not just americans … Why? First and foremost because there is a God. Second, it is intellectually dishonest to be an atheist. Specifically, there is absolutely no evidence to dispute the existence of God. While one might similarly argue that there is no evidence to suggest there is a God (which I would dispute), which for most is a fair statement, the same would yield at best, if intellectually honest, the position of ‘agnostic’. I can totally understand and even empathize with the view of the agnostic. After all, at this point, there seems to be ‘no rhyme nor reason’ at all. But, think binary, positives / negatives. Just too many negatives. Think ‘capital punishment’. No, the world’s not going to end in 2012 as some fear. Rather, think slow burn; decades at best; then ‘poof’. In the scheme of things, this world’s just not that important (apes, notochordates, and initially single celled organisms). Kind of akin to what I previously wrote: (God doesn’t care that you wrestle a girl who wants to wrestle!) Boy wrestler forfeits match to female opponent... [ What a homo! Wow! I feel sorry for those guys she actually beat (20 of them – her record was 20 and 13) … they’ll probably never get over it … nor should they … I have to rethink my regard for Iowa, Iowa state wrestling now presuming such stalwart championship teams to be the products of out-of-state imports … as for the guy who forfeited, he could have easily and gently taken her down (you can easily do that with a lesser opponent), got her in a double grapevine and grind her in a certain way into the mat, and when she was in the throws of convulsive orgasm, she’d unwittingly arch her back, thereby pressing her own shoulder blades to the mat, thereby pinning herself, thus enabling the homo to say in a manner of speaking that he was making heterosexual love not war with her ……… how pathetic and preposterous this was … and, let me remind the homo that God doesn’t care that you wrestle a girl who wants to wrestle! ]

This is an especially great opportunity to sell / take profits while you still can since there's much worse to come! Remember: ‘Sell in May and go away! ‘ … El-Erian: “Financial Repression” In the Form of a Negative Real Rate of Return for Savers Is Coming to America Pimco co-chair El-Erian is saying that the major flaws in the financial system will not be addressed, the government will keep on printing money, and that the inflation-adjusted return on investments for most Americans will be negative. Stock Market: 4 Current Warning Signs Navin ‘…

1) The 5-year high in the level of insider corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be selling some of their stocks so they can buy new yachts and some of this is pre-planned. But that ratio — which has spiked recently — is extraordinarily high, one might even say off-the-chart.

2) Professor Shiller at Yale figures that the present price-to-earnings ratio for the Standard & Poor’s 500 is in the area of 26. The historical average is about 16.

3) The failure of the financial sector to keep up is a significant negative divergence for the entire market.

4) Key market leaders are rolling over in price... ‘

Market's Risk/Reward Ratio Remains Poor McCurdy ‘The S&P 500 index has been in a secular bear market since 2000 and our Secular Trend Score (STS) indicates that we remain in the middle stage of its development (click to enlarge images):

http://static.seekingalpha.com/uploads/2011/5/14/668911-130540693393499-Erik-McCurdy_origin.png

This is an especially great opportunity to sell / take profits while you still can since there's much worse to come! Remember: ‘Sell in May and go away! …

America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog | It’s now mainstream news that none of the big financial criminals have been prosecuted. This is the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling In May Is Very Good Advice This Year Harding / April Is a Good Time to Sell Adler Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued …only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar 'Despite the terrible economic performance of the past ten years, equity valuations are the 2nd largest bubble in U.S. history... According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued according to this valuation metric. The only time the markets have been more overvalued was a few brief months in 1929 and the tech bubble

... growth in earnings have been artificially manufactured...

· The change in accounting rules for the financial sector by FASB has generated massive “false” account profits beginning in 2009…’

Treasury to tap pensions to fund government (WP) 24 Signs Of Economic Decline In America ‘The US is in the middle of a devastating long-term economic decline’ ] States face shortfall for retirees (WP) (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!

Hedge Funds: Paulson, other big hedge funds, down in May

In reminder of '90s, LinkedIn has big first day (AP) - There was an unmistakable echo of the dot-com boom Thursday on Wall Street. Rod Serling Now Linked-In : Dave's Daily ‘It definitely remains a really strange market. Fed Governor Fisher summed things up nicely Thursday stating: "We've gone from too little liquidity to too much." He's definitely off the main Fed talking points but a little honesty explains the "more money than brains" market. The LinkedIn(LNKD _) IPO typifies this Thursday. You may not be aware of it but word on the street is only ten institutions were privileged to obtain freshly issued shares. I wonder who was favored with this gift; care to guess? You couldn't get a collection of bad economic news much worse than what appeared today. While Jobless Claims were marginally lower given previous adjustments, the moving average of claims reached six-month highs; Home Sales were down...again; the Philly Fed reading came in at 3.9 vs 18 expected; and Leading Indicators were lower 0.3 vs flat expectations. These were dreadful but bulls brushed them off hoping for more POMO and extended ZIRP. Perhaps the stupid people are the ones not playing ball, given rising markets on this lousy economic news. LinkedIn should remind everyone of dotcom experiences but it's really about too much liquidity. Commodity prices were generally lower with economic data while the dollar was weaker and so too were base and precious metals. Bonds were flat overall…’

McCain Calls for “Free Trade” in Middle East AFP | McCain said United States should “move urgently” to establish free trade agreements with Egypt and Tunisia.

The End Of The Eurozone? — Stiglitz At European Zeitgeist 2011 The Daily Bail | “We are out of money, but we can pay you in fish.”

Paulson Cast as Stoic Savior in HBO’s ‘Big’ Wall Street Saga Bloomberg | “Too Big to Fail” a TV movie that transforms complex tale of Wall Street greed into a knight-in-shining-armor saga.

China Becomes World’s Larest Gold Buyer – Buys 93.5 Tonnes Of Gold Coins / Bars in Q1 – Gold Ownership Rising From Miniscule Levels Gold and silver are higher again today with the debt laden dollar, euro and yen all being sold. News that China has become the world’s largest buyer of gold bullion and has seen investment demand double continues to reverberate in the markets and may have contributed to this morning’s strength.

The Next Big Gold Rally Has Started The theory was that gold prices would drop to the 150-day moving average, before rising to new highs.

Treasury Prepares To Plunder Another $45 Billion From Retirement Funds As It Issues $110 Billion More Debt Next Week It has finally been made clear that in order to accommodate the debt ceiling by adding marketable debt, the Treasury has no choice but to literally plunder retirement accounts.

Was Dominique Strauss-Kahn Trying to Torpedo the Dollar? It’s all about perception management. The media is trying to dig up as much dirt as they can on Dominique Strauss-Kahn so they can hang the man before he ever sees the inside of a courthouse.

FDIC Closes Three Banks By AP Regulators on Friday shut two banks in Georgia and one in Washington State, lifting to 43 the number of bank failures this year.

OPINION: Words can only do so much (Washington Post) [ Especially when they’re belied by misguided actions … . Pakistani troops, NATO helicopters engage in firefight 6th soldier charged in plot to kill Afghan civilians (Washington Post) [ Gen. Hamid Gul: U.S. Generals Provoking War with Pakistan Jones | Hamid Gul, former ISI chief, talks about NATO firing on Pakistani troops and the prospect of WWIII. Ludicrous Bin Laden “Porno” Claim Harks Back To CIA Fakery Watson | Spooks admitted creating hoax videotapes of Osama talking about having sex with boys. [ Yeah! This is becoming preposterous and it’s quite amazing that anyone’s believing anything they say. Next thing you know, they’ll be saying beyond the porn stash, Bin Laden was a closet Christian. Osama bin Laden: A dead nemesis perpetuated by the US government ... May 1, 2011 ... U.S. intelligence is that bin Laden needs dialysis every 3 days ... http://whatreallyhappened.com/WRHARTICLES/osama_dead.php 5-1-11, JUST MOMENTS BEFORE PRESIDENT OBAMA ANNOUNCED THAT THE US HAD KILLED OSAMA BIN LADEN, THE WHATREALLYHAPPENED WEBSITE CAME UNDER MASSIVE DISTRIBUTED DENIAL OF SERVICE ATTACK. THIS PAGE, WHICH DOCUMENTS THAT OSAMA BIN LADEN ACTUALLY DIED IN DECEMBER OF 2001, APPEARS TO BE WHAT THE WHITE HOUSE DIDN'T WANT AVAILABLE WHILE THE NEW PROPAGANDA WAS "CATAPULTED FORWARD". IT IS POSSIBLE THAT THIS IS THE OPENING GAMBIT IN A PLAN TO STAGE A "REVENGE" ATTACK FROM "AL QAEDA" ON THE UNITED STATES, WITH WHICH TO JUSTIFY TOTAL WAR ON THE MIDDLE EAST… FLASHBACK: Editorial: US in quagmire War in Afghanistan and Iraq costs America $1trillion Editorial: Bin Laden raid no vindication of torture (WP) [I can only wonder what the presence of substantially underrated President General Eisenhower would have meant, and truly believe this entire debacle and the nation’s decline would have been avoided. “All In All It Appears That Eisenhower’s Worst Fears Have Been Realized And His Remarkable And Unique Warnings Given For Naught” Financialization and Our Increasingly Unstable Economy Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... `‘`In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv

Japan slips back into recession Japan's economy shrank last quarter by almost double the margin economists had expected, as the March disaster pushed the country back into recession. (LA Times) [I’ve always thought, and from the beginning (see infra and website) that this disaster was of greater consequence than reported; after all, as to america, who else besides china was foolish enough and had cash reserves sufficient to buy pervasively corrupt, defact bankrupt america’s ever more worthless paper Chernobyl, 25 years later (Washington Post) Following the nuclear disaster in Japan, the Chernobyl accident has a particular importance. Japan declares evacuation zone near nuclear plant (Washington Post)[ Wow! Sounds like a plan!… From the beginning, as I’ve written on my website, I’ve thought the catastrophic nature and impact of this disaster to have been underreported at the least … the Japanese uncharacteristically have adopted somewhat of a ‘if wishing could make it so’ tact in this sad crisis. Chernobyl, 25 years later (Washington Post) Following the nuclear disaster in Japan, the Chernobyl accident has a particular importance. Japan declares evacuation zone near nuclear plant (Washington Post) [ Wow! Sounds like a plan! … From the beginning, as I’ve written on my website, I’ve thought the catastrophic nature and impact of this disaster to have been underreported at the least … the Japanese uncharacteristically have adopted somewhat of a ‘if wishing could make it so’ tact in this sad crisis.

Existing-home sales drop in April Sales fall short of many analysts’ expectations for this key month of the spring selling season. (WP) [ Come on! Stocks rally on worse than expected bad news to keep the suckers suckered! This is an especially great opportunity to sell / take profits while you still can since there's much worse to come! Remember: ‘Sell in May and go away! LinkedIn IPO shatters expectations (WP) [ Kind of like the pre-bust dot.com days/preposterous (all bad news today) that Dave preceded his commentary with a twighlight zone picture In reminder of '90s, LinkedIn has big first day (AP) an unmistakable echo of the dot-com boom Thursday on Wall Street. Rod Serling Now Linked-In : Dave's Daily ‘It definitely remains a really strange market. Fed Governor Fisher summed things up nicely Thursday stating: "We've gone from too little liquidity to too much." He's definitely off the main Fed talking points but a little honesty explains the "more money than brains" market. The LinkedIn(LNKD _) IPO typifies this Thursday. You may not be aware of it but word on the street is only ten institutions were privileged to obtain freshly issued shares. I wonder who was favored with this gift; care to guess? You couldn't get a collection of bad economic news much worse than what appeared today… While Jobless Claims were marginally lower given previous adjustments, the moving average of claims reached six-month highs; Home Sales were down...again; the Philly Fed reading came in at 3.9 vs 18 expected; and Leading Indicators were lower 0.3 vs flat expectations. These were dreadful but bulls brushed them off hoping for more POMO and extended ZIRP. Perhaps the stupid people are the ones not playing ball, given rising markets on this lousy economic news. LinkedIn should remind everyone of dotcom experiences but it's really about too much liquidity. Commodity prices were generally lower with economic data while the dollar was weaker and so too were base and precious metals. Bonds were flat overall…’

Strauss-Kahn indicted in sexual assault Former IMF chief will be freed on bail but confined to a New York apartment as he awaits trial on a seven-count indictment in an alleged attack on a hotel maid. (Washington Post) [ Sinkhole new york will do anything to take the heat / attention off their fraudulent denisons … Strauss-Kahn resigns as head of the IMF (Washington Post) [ So what! Who cares! There is not one head of even one institution in the world today that deserves to keep their job; from bernanke at the fed, to the nobel committee that awarded wobama the peace prize, to geithner at treasury, to looney moony at the u.n., etc.. For jobs poorly done, they should step down and make way for the generation that’s been so negatively impacted by their venality, incompetence, corruption, etc… Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billions from the fraud ). Stock Market: 4 Current Warning Signs Navin ‘…

Why Are Investors Fearful? Here are 19 Answers Khaner 5-17-11’

QE II:

U.S. ECONOMY: (bad)

UNEMPLOYMENT: ..(problematic)

U.S. DEBT CEILING:

INVESTOR SENTIMENT:

HOUSING CRISIS:

INFLATION:

SAUDI ARABIA:

STOCK MARKET TECHNICALS:

FLOODS

OIL PRICES:

ARAB SPRING:

LIBYA: ..

JAPAN:

CHINA: ..

RING OF FIRE + SPAIN:

CURRENCIES:

SOVEREIGN DEBT:

COMMODITIES:

.. http://www.minyanville.com/investing/lloyds-wall-of-worry/5/17/2011 ‘ ]

Obama adopts the Bush Doctrine The May 19 Middle East speech, annotated. (Washington Post) [ Yeah! Two nut cases; two failed presidents. The latest case of U.S. paranoia (Los Angeles Times) [ Yeah! This really needs to be said; particularly when you take into account the reality, that while plentiful, american laws are all but meaningless, arbitrarily enforced at best, and ‘federales’ and their supporters (more commonly called bribes, one way or form or another) invariably the worst offenders. Though having but 5% of the world’s population, u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:

Focus Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that both nations are regressively but nostalgically trying bring the world back to failed geopolitical paradigms that made the 20th century the bloodiest century, not coincidentally the american century (obviously for israel the latter half century). Yet, such a conditioned psychopathic approach to global matters has led them self-destructively, self-defeatingly, and ineluctably to decline, fall, and as with dinosaurs, extinction, at least in a manner of speaking. Global information exchange at lightning speed has made such throwbacks to a lost era, propaganda, and maladaptive traits foolish at best, deadly at worst. Intelligent people worldwide aren’t buying the obsolete, Orwellian approach fostered by the purveyors of global unrest; viz., israel, america, Orwellian england, etc..; more specifically, diversion of the masses from the glaring failures of leadership, economic and otherwise.

CRIME STATISTICS >(america is No. 1)

Rank	Countries	Amount
# 1	United States:	11,877,218
# 2	United Kingdom:	6,523,706
# 3	Germany:	6,507,394

UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]

Agents irked by plan to keep Mueller (Washington Post) [ ‘abide by .. tenure limits’ ? I’m more concerned with, and it’s fundamentally more important from the perspective of the FBI’s ‘mission and purpose’, that meaningful law be abided by regarding the following:
October 15, 2010 (*see infra)

Steven M. Martinez, Assistant Director In Charge
Federal Bureau of Investigation, USDOJ
11000 Wilshire Blvd., Suite 1700

Los Angeles, CA 90024

Dear Sir:

I enclose herewith 3 copies of the within DVD rom autorun disk (which will open in your computer’s browser) as per your office’s request as made this day (the disk and contents have been scanned by Avast, McAfee, and Norton which I’ve installed on my computer to prevent viral attacks / infection and are without threat). I also include 1 copy of the DVD as filed with the subject court as referenced therein (which files are also included on the aforesaid 3 disks in a separate folder named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act is a criminal statute which provides a civil remedy, including treble damages and attorney fees, as an incentive for private prosecution of said claims probably owing to the fact that the USDOJ seems somewhat overwhelmed and in need of such assistance given the seriousness and prevalence of said violations of law which have a corrupting influence on the process, and which corruption is pervasive). A grievance complaint against Coan was also filed concurrently with the subject action and held in abeyance pending resolution of the action which was illegally dismissed without any supporting law and in contravention of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District Connecticut. The files below the horizontal rule are the referenced documents as filed. (Owing to the damage to the financial interests of both the U.S. and the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam provisions of the Federal False Claims Act probably would apply and I would absent resolution seek to refer the within to a firm with expertise in that area of the law with which I am not familiar).

The document in 5 pages under penalty of perjury I was asked to forward to the FBI office in New Haven is probably the best and most concise summary of the case RICO Summary to FBI Under Penalty of Perjury at Their Request (5 pages) [ ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf ].

The correspondence I received from the Congresswoman by way of email attachment (apparent but typical problem with my mail) along with my response thereto is included on the 3 disks as fbicorrespondencereyes.htm . With regard to the calls to the FBI’s LA and New Haven, CT offices: There was one call to the LA office and I was referred to the Long Beach, CA office where I personally met with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of the money laundering which he confirmed as indicative of same (he was transferred from said office within approximately a month of said meeting and his location was not disclosed to me upon inquiry). The matter was assigned to FBI Agent Ron Barndollar and we remained in touch for in excess of a decade until he abruptly retired (our last conversation prior to his retirement related to the case and parenthetically, Rudy Giuliani whose father I stated had been an enforcer for the mob to which he registered disbelief and requested I prove it, which I did – he served 12 years in prison, aggravated assault/manslaughter? – and no, there is no Chinese wall of separation – Andrew Maloney’s the one that prosecuted gotti).

In contradistinction to the statement in said correspondence, there is a plethora of information including evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see infra). Such includes and as set forth in the case, inter alia,

· A judgment had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which could be used for payment to creditors, Los Angeles, etc..

· Counsel Robert Sullivan on my behalf documented by way of certification upon investigation that Alan Shiff, USBCJ, had falsely stated a dismissal upon which false statement he predicated a retaliatory and spurious contempt proceeding against me causing substantial damage, and for which he sought Judicial Notice of those and related proceedings as did I in some of my filings.

· The Order of Dismissal With Prejudice by Alan Shiff, USBCJ, owing to Defendant Coan’s failure to file anything whatsoever by the court’s deadline causing creditors and me substantial damages: [ Shiff Order of Dismissal With Prejudice on Coan’s Failure to File Page 1 Page 2 ]

· Defendant Coan had filed an action against me to prevent me from suing him which necessitated me to fly to Connecticut for a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC, District of Connecticut, who denied Coan’s requested relief as to Coan but precluded my action against Shiff (although there is no immunity, judicial or otherwise, for criminal acts, ie., fraud connected with a case under Title 11, USC, etc.) . [ transcript in pertinent part - crossexamofcoanbypeia.pdf ]

· Newly appointed judge, Maryanne Trump Barry, Donald Trump’s sister, was assigned the RICO case despite the conflict of interest in light of hundreds of thousands of dollars of illegal (drug) money being laundered through the Trump casinos by the RICO defendants, and despite my motion to recuse her which motion she heard herself and denied, and U.S. Trustee Hugh Leonard with whom I met personally refused to join or file a separate motion to recuse and not long thereafter left said office for private practice at Cole, Shotz, et als on retainer with the RICO defendants as his primary client.

· Probative and evidentiary documents, affidavits, exhibits, including those turned over to FBI Agent Jeff Hayes in Long Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at which time Samuel Alito was U.S. Attorney, and went over said documents and their probative value with him. Within approximately a month thereafter upon inquiry I was told that Jonathon Lacey was no longer with the office, that the file/documents could not be located, and that there was no further information available concerning contacting him or his location. I thereupon delivered by hand, copies of said documents to the office of then U.S. Attorney Alito, addressed to him, with assurance they would go directly to him. In addition to being inept [ I looked in on the one mob case he had brought, bungled, lost (accidently on purpose?) since I was suing some mob-connected under RICO and the court (I had known / previously met outside of court the judge Ackerman through a client) was absolute bedlam and a total joke since incompetent corrupt Alito brought in all 20 mob defendants (rather than prosecute one or a few to flip them first) who feigning illness had beds/cots in the courtroom along with their moans during testimony and had the jury in stitches. As much as I hate the mob, it truly was funny, if not so tragic.], Alito is also corrupt (and maybe corrupt because he is inept). After a reasonable (but still rather short) time I called to determine the status and was told that Alito was no longer with the Office of the U.S. Attorney, that he was (appointed) a federal judge, and that neither the documents nor any file or record of same could be located. Alito did parley the same / cover-up into quid pro quo direct lifetime appointment to the Court of Appeals, 3^rd circuit, despite the absence of judicial experience or successful tenure as U.S. Attorney (Maryanne Trump Barry as well). This is the same Sam Alito that now sits on the purported highest court in the land. The real application of the illegal rule ‘don’t ask, don’t tell’.

There is applicable insurance / surety coverage and neither LA, nor creditors, nor I should continue to have been damaged by this brazened corrupt and illegal scenario, which should be resolved in accordance with the meaningful rules of law apposite thereto.

Sincerely,

Albert L. Peia

611 E. 5^th Street, #404

Los Angeles, CA 90013

(213) 219-**** (cell phone)

(213) 622-3745 (listed land line but there are unresolved problems with the line, computer connection may be the reason but I hesitate to chance greater non-performance / worsening by their ‘fix’ so cell phone best for contact).

ECONOMIC CRISIS ARCHIVE

(5-20-11) Dow 12,512 -93 Nasdaq 2,803 -20 S&P 500 1,333 -10 [CLOSE- OIL $99.90 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.95 (reg. gas in LAND OF FRUITS AND NUTS $4.26 REG./ $4.36 MID-GRADE/$4.46 PREM./ $4.55 DIESELL) / GOLD $1,511 (+24% for year 2009) / SILVER $35.03 (+47% for year 2009) PLATINUM $1,769 (+56% for year 2009) Metal News for the Day / DOLLAR= .69 EURO, 82 YEN, .61 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 3.15% …..… 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 The bull market that never was/were beyond wall street b.s. when measured in gold ‘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

China to US: respect Pakistan’s sovereignty, independence The Economic Times | China has asked the US not to violate Islamabad’s territorial integrity, following the reported killing of Osama bin Laden.

Fukushima Ocean Contamination: Worse Than Chernobyl Paul Joseph Watson | The radioactive impact on surrounding oceans from the Fukushima nuclear disaster has already outstripped the 1986 Chernobyl disaster.

New Details On Al Qaeda Pentagon Lunch: Defense Dept. Was “Impressed” With Terrorist’s Presentation Steve Watson & Paul Joseph Watson | Top Pentagon lawyer booked known extremist as featured guest speaker.

The Establishment Eliminates A Threat Paul Craig Roberts | Strauss-Kahn made the mistake of revealing that he might have a social conscience.

Government Orders You Tube To Censor Protest Videos Paul Joseph Watson | Forget copyright infringement, You Tube is now complying with removal orders from governments to stop populist rage going viral.

Big Sis and DHS Push ID Program for Travelers Kurt Nimmo | Government moving away from one size fits all in security, Napolitano declares in Las Vegas.

America’s “Arab Deception” Tony Cartalucci | President Obama remarked that ‘America didn’t put people in the streets,’ yet in reality the “Arab Spring” was entirely engineered. As Adolf Hitler noted, “all propaganda has to be popular and has to accommodate itself to the comprehension of the least intelligent of those whom it seeks to reach.” Certainly the writers handing US President Barack Obama his “Middle East speech” had a particularly ignorant audience in mind.

Fukushima Ocean Contamination: Worse Than Chernobyl Scientists have discovered that the radioactive impact on surrounding oceans from the Fukushima nuclear disaster has already outstripped the 1986 Chernobyl disaster, meaning that the figure of nearly a million cancer deaths as a result of Chernobyl is set to be replicated over the coming decades.

New Details On Al Qaeda Pentagon Lunch: Defense Dept. Was “Impressed” With Terrorist’s Presentation New details have emerged in the case of the Al Qaeda front man who was invited to a Pentagon lunch just months after the 9/11 attacks.

Government Orders You Tube To Censor Protest Videos In a frightening example of how the state is tightening its grip around the free Internet, it has emerged that You Tube is complying with thousands of requests from governments to censor and remove videos that show protests and other examples of citizens simply asserting their rights, while also deleting search terms by government mandate.

The Establishment Eliminates A Threat The police and the prostitute media have made it impossible for Dominique Strauss-Kahn to get a fair trial.

Big Sis and DHS Push ID Program for Travelers Department of Homeland Security boss Janet Napolitano told a conference of travel and tourism industry leaders gathered in Las Vegas that the prospect of shoe bombing remains a threat to aviation.

Federally Funded NASA ‘Educates’ Children About Global Warming on ‘Climate Kids’ Web Site The National Aeronautics and Space Administration (NASA) Web site network includes “Climate Kids: NASA’s Eyes on the Earth,” which use cartoons, games, and other activities to teach children about man-made global warming and climate change.

Medvedev appears to question Osama`s death Russian President Dmitry Medvedev on Wednesday appeared to question Washington’s account of how al-Qaeda chief Osama bin Laden was killed by special US forces in Pakistan this month.

CIA chief’s letter confirms torture did not lead to Osama bin Laden A private letter from CIA chief Leon Panetta to Senator John McCain (R-AZ) confirms that the so-called enhanced interrogation techniques put in place by the Bush administration did not reveal intelligence about Abu Ahmed al-Kuwaiti, the courier that eventually led the U.S. to Osama bin Laden.

US consulate cars attacked in Pakistan One person has been killed and at least 11 others, including two Americans, injured as a roadside bomb targeting US consulate vehicles went off in Pakistan’s northwestern city of Peshawar.

Saudi Activist Deplores Obama’s Silence on ‘Tyrannical’ Regime In his major policy speech Thursday on the protests sweeping the Middle East, President Obama did not refer once to Saudi Arabia, arguably the Arab world’s least democratic state.

Drudgereport: USA HITS DEBT CEILING...
TREASURY RAIDS PENSIONS...OBAMA SIDES WITH THE PALESTINIANS...
Netanyahu fumes at call to return to '67 borders...
Abbas calls emergency Palestinian Authority meeting...
Israeli Knesset member: Obama is the new Arafat... OBAMA: 'Limited' US Role in Libyan War Means No Need For Congressional Authorization...I DON'T NEED YOUR PERMISSION (FOR WAR, says nobel peace laureate)CHICAGOLAND: GODFATHER WANTS CASINO... Cornel West: Obama 'a black mascot' and 'black puppet'... Peter Fonda calls Obama 'traitor' at Cannes...
Obama, Sarkozy dissed in films... Doomsday Food Price Scenario Turning Hedge Fund Managers into Survivalists... In China, some new cities are ghost towns... RON PAUL: SELL THE GOLD IN FORT KNOX... [ I personally believe that some has already been ‘sold’, as in stole, with gold plate the replacement; after all, with the wall street frauds, 360 tons of $100 bills flown into Iraq and ‘disappeared’, etc., why would same seem unlikely. ] NEXT UP FOR BAILOUT: POST OFFICE...
4 MONTHS UNTIL DEFAULT... US Postal Service reports $2.2B loss for quarter... [ And, let me add that they deserved that loss. The USPS is totally unreliable and basically a jobs program for the otherwise unemployable; and, they are also corrupt. I’ve previously set forth the scenario where the postal service waylaid dvd disks sent priority/confirmation and a second time, certified mail, to the FBI (violations of federal law, tampering, obstruction, etc.), and ultimately additional copies of said disks were delivered by the reliable, efficient, competitive, performance-driven UPS (their parcel rates are roughly the same and yet half the delivery time – Fedex is as unreliable as the USPS-and for some time had a deal with the USPS)…infra ] Medvedev warns West of new Cold War...
Russia Expels Israel's Military Attache... U.S.-Israeli group tells members not to boo president... WHITE HOUSE SHUTS OUT NEWSPAPER OVER 'BIAS'...
Veteran reporters mock WH press for kowtowing to 'monarch'... GOV'T MOTORS CHEERS CHINESE COMMUNIST MOVIE... US helicopter exchanges fire with Pakistan troops on Afghan border...
...increasing tensions
Pakistan, China Grow Closer... New, federally-mandated light bulbs will cost $50 -- each...
GE lobbied for them... REPORT: Secret Service interrogates 7th grader without parents' knowledge...
China cuts holdings of Treasurys for 5th month...
U.S. borrows $58,000 a second...
BUCHANAN: 'Bad day for New World Order'...NO BAIL FOR WORLD'S BANKERDOWN AND OUT IN MANHATTAN... ...sex charges likely to isolate IMF in debt crisis talks
'BLOOD ON THE BED'...
Authorities investigating 'at least one other' case... CHANGE: Obama Assets Total as Much as $12 Million... GALLUP: OBAMA DROPS ANOTHER 2 POINTS, DOWN TO 46%...
...Post-Bin Laden Bump Has Vanished Hamas PM: Pray for an end to Israel...
Protesters try to breach Israeli border on 3 fronts...
Israel opens fire across border with Lebanon...
Egypt police fire tear gas at Nakba rally...
Demonstrators pour into Israel from Syria...
'Iran fingerprints'...
'Terror truck' attack... GALLUP: Obama slips back to 48/45... Administration approves 200 more new Obamacare waivers... IMF HEAD IN RAPE RAP...
New Details...
May Step Aside?
French presidential race hopes in jeopardy...
'THUNDERBOLT'...
Ron Paul: 'These are the kind of people running the IMF'... 9 civilians killed in U.S. drone strike in Pakistan... ALARM OVER APPROACHING INSOLVENCY OF SOCIAL SECURITY, MEDICARE...
Social Security to run 'permanent' deficits... Texas official accuses ATF of starting wildfire... 'That bunch has a real corner on stupid'... British woman decapitated in grocery store; killer flees with head... Cannes: Diana doc slams UK royals as 'gangsters'... Senate Bill Gives Feds Power to Order Blacklisting of Websites... Treasury Auctions to Push US Over Debt Ceiling...
McCARTHY: 'Not one Republican vote' to borrow more without cuts... REPORT: 48 Women Raped Every Hour in Congo... 'DOLLAR IN GRAVER DANGER THAN EURO'...
FORBES: RETURN TO GOLD STANDARD WITHIN 5 YEARS...
In S.C., legislature takes first step... POLL: 1 in 5 say bin Laden alive...
MICHELLE: KEEPS ON DANCING!
First Lady to host rapper who talks of killing cops...USA FREAK OUT: TERROR FEARS; FALSE ALARMS... Sen. Schumer Calls For Amtrak 'Do Not Ride' List...
Two tunnel 'breaches' cause scare in NYC...
Threats Divert Planes in Three Separate Incidents...
Passengers, flight crew subdue man banging on cockpit door...
Dallas Train Station Evacuated: Man Asked For Help Carrying Packages...
4 Arrested For Videotaping TSA Line At Denver...
SHOCK PHOTO: TSA LOOKING FOR 'POOP BOMBS?' U.S.-Pak. Rift Widens...
Pak. warns of 'full force' response to future US raids... S&P cuts Greece's rating... BOEHNER TO DEMAND NOT BILLIONS, BUT TRILLIONS IN CUTS... OIL REBOUNDS; 2ND LARGEST GAIN ON RECORD... REPORT: Housing crash getting worse...
...values fall fastest rate since '08 Michelle Obama to host rapper at WH who talks of killing cops... 'COMMAND CENTER'...
Pakistan skeptical of U.S. claim bin Laden directed network...
Two loud explosions heard in town where bin Laden killed...
Videos show 9-11 mastermind watching himself on TV...
U.S. government censors tapes, cuts audio...
Inside bin Laden's squalid home...
NYT: Final days of domesticity... Drone Strike Kills 15 in Pakistan...
First since bin Laden raid... BIN LADEN SUPPORTERS RAGE ON THE STREETS OF LONDON, VOW REVENGE...
Stage mock funeral in front of US embassy... Gas nat'l average: $3.99...
Eats 9% of household budgets...
Average price sets record in Indiana -- $4.25 a gallon...
$6.03 in Hawaii... JAPAN URGES HALT AT THREE REACTORS... UNEMPLOYMENT BACK UP TO 9.0%... Fannie Mae Reports $8.7B Loss for First Quarter...
Seeks $8.5B more from taxpayers... APRIL JOBS: +244,000...
FUZZY MATH: How can US add jobs but the unemployment rate go up? Gas nat'l average: $3.99...
Eats 9% of household budgets...
Average price sets record in Indiana -- $4.25 a gallon...
$6.03 in Hawaii... PAPER: GREECE EU EXIT? Silver Plunge Spreads...
OIL GUTTED...
Price Slide Temporary, New Highs Likely: Goldman...
Fears linger of a new 'flash crash'...
Euro Tumbles... CNN SHOCK POLL: RON PAUL HAS BEST CHANCE VS OBAMANational Home Prices Double Dip...
JOBLESS CLAIMS RISE TO 8 MONTH HIGH...
Fears linger of a new 'flash crash'... 9-11 FAMILY: 'SHOW US PROOF BIN LADEN KILLED'...
Victim's father: Obama 'putting too much spotlight on himself'...
Channels Bush at Ground Zero: 'We will never forget'...
Tells teen survivor he knows Justin Bieber...
Turns Back on 9/11 Family Member...
AUDIO... Muslim Brotherhood urges review of Israel ties... Pakistanis burn U.S. flags; backlash over death grows... Pakistan officials: No resistance in 'cold-blooded' U.S. raid...
Warns America not to stage any more...
Threatens 'disastrous consequences'...
Muslims already name dump location 'Martyr's Sea'...
OBAMA, NO PHOTOS OF OSAMA: 'We don't need to spike the football'... 'Conspiracy theorists will just claim doctored'...
Sen. Scott Brown: 'I've seen picture, he's definitely dead'... UPDATE: Photo proving bin Laden's death to Sen. Brown was faked...
three senators fell for fakes...
UPDATE: 'The photo I saw and that a lot of other people saw is not authentic'...
Top Dem: No photo needed, 'there's absolute proof'...REUTERS RELEASES 'DEATH SCENE' PHOTOS
**WARNING GRAPHIC**
UPDATE: Photo proving bin Laden's death to Sen. Brown was faked...
Possibly three senators fell for fakes... Pakistan: 'Not a single bullet fired from compound'...
WIRE: Photos from 1 hour after raid show 3 dead, no weapons...
The Slippery Story of the bin Laden Kill... Official says 'killed apparently by the U.S. raid team'... DOLLAR HITS 3 YEAR LOW...
1 IN 7 ON FOOD STAMPS!
Job numbers disappoint...
Treasury suggests $2 trillion debt cap raise... REUTERS, AP journalists describe staging of Obama photo taken after TV announcement of bin Laden's death...Wrap up those loose ends: 'Rapture' movement predicts end of world on Saturday...
Preacher made same prediction in 1994...
Doomsday church thriving, worth $72 million... : ‘End of Days’ message rolls into D.C. (Washington Post) The potentially rotten news that the world will end on May 21 arrived plastered on a caravan of RVs. [ Gee … little premature … you know, that 2012, end of Mayan calendar, Nostradamus thing … I previously weighed in / wrote: Why do Americans still dislike atheists? (Washington Post) [ And not just americans … Why? First and foremost because there is a God. Second, it is intellectually dishonest to be an atheist. Specifically, there is absolutely no evidence to dispute the existence of God. While one might similarly argue that there is no evidence to suggest there is a God (which I would dispute), which for most is a fair statement, the same would yield at best, if intellectually honest, the position of ‘agnostic’. I can totally understand and even empathize with the view of the agnostic. After all, at this point, there seems to be ‘no rhyme nor reason’ at all. But, think binary, positives / negatives. Just too many negatives. Think ‘capital punishment’. No, the world’s not going to end in 2012 as some fear. Rather, think slow burn; decades at best; then ‘poof’. In the scheme of things, this world’s just not that important (apes, notochordates, and initially single celled organisms). Kind of akin to what I previously wrote: (God doesn’t care that you wrestle a girl who wants to wrestle!) Boy wrestler forfeits match to female opponent... [ What a homo! Wow! I feel sorry for those guys she actually beat (20 of them – her record was 20 and 13) … they’ll probably never get over it … nor should they … I have to rethink my regard for Iowa, Iowa state wrestling now presuming such stalwart championship teams to be the products of out-of-state imports … as for the guy who forfeited, he could have easily and gently taken her down (you can easily do that with a lesser opponent), got her in a double grapevine and grind her in a certain way into the mat, and when she was in the throws of convulsive orgasm, she’d unwittingly arch her back, thereby pressing her own shoulder blades to the mat, thereby pinning herself, thus enabling the homo to say in a manner of speaking that he was making heterosexual love not war with her ……… how pathetic and preposterous this was … and, let me remind the homo that God doesn’t care that you wrestle a girl who wants to wrestle! ]

US Postal Service reports $2.2B loss for quarter... [ And, let me add that they deserved that loss. The USPS is totally unreliable and basically a jobs program for the otherwise unemployable; and, they are also corrupt. I’ve previously set forth the scenario where the postal service waylaid dvd disks sent priority/confirmation and a second time, certified mail, to the FBI (violations of federal law, tampering, obstruction, etc.), and ultimately additional copies of said disks were delivered by the reliable, efficient, competitive, performance-driven UPS (their parcel rates are roughly the same and yet half the delivery time – Fedex is as unreliable as the USPS-and for some time had a deal with the USPS). Amazon, Ebay, though a boon to the USPS, have consistently failed to deliver in the realm of computers / peripherals. The following includes a prior testimonial to the service, reliability of PRO Computer Center ( http://www.procomputercenter.com Pro Computer Center, 10837 Santa Monica Blvd., Los Angeles, CA 90025 ) . Pro Computer Center is among the few remaining stores of their kind. They are performance / service / customer oriented like no other surviving computer retailer / repairer / service providers I’ve experienced. They’ve also moved into the realm of computer forensics / data recovery in the context of court proceedings where they’ve successfully performed where others failed and at substantially more reasonable rates than ‘the competition’. My most recent computer problems accounting for some website / posting delays has been once again been resolved by them and another Dell computer (the circumstances of the most recent debacle was a barrage of Trojans caught by my antivirus, one after another, then shutting down my antivirus, ultimately freezing (no boot) my computer (I previously alluded to my reasonable suspicions as to who perpetrated same). My experiences with such as Amazon, Ebay have been atrocious and borderline if not outright fraudulent (the shoddy sellers), time consuming, and aggravating in the ‘claims process’. Moreover, the other brick and mortar stores, even if reputable, have a fine print which lays most of the warrantee/ guarantee on the manufacturer. In sum, Pro Computer Center does not have any ‘real’ competition. They are currently building me a backup computer that comports with my budget and their survival as a company, though somewhat rare among computer retailers of their type, is totally understandable and a testament to high quality performance and service. (Prior testimonial:Pro Computer Center
10837 Santa Monica Blvd.
Los Angeles, CA 90025

Gentlemen:

I just wanted to extend to you and your company my sincere thanks for a job well done. The Dell computer I recently purchased from you has lived up to all your representations and as well, my own expectations. I bought my first computer from you (Ben) in or around 1999. It was a Sony Vaio laptop which owing to Windows Millenium and a very proprietary approach to computing on the part of Sony, truth be told, was not the greatest system in terms of stability (typical Millenium problems), but no fault of yours. Ultimately, though functional, I traded the Vaio for a Mac, an accommodation by your company seldom seen with other companies if at all (3+ years later). You’ve always stood by your products / service, are available / accessible to field / handle all questions / problems which is rare indeed. In Armand you have a top-notch A+ Certified Tech who is patient, knowledgeable, and talented. Ruben, in truth has been particularly instrumental in seeing to a smooth transition in my recent dealings with your company as a knowledgeable IT Specialist and especially as a savvy, capable manager. Since 1999 I’ve purchased five computers from you and based upon performance, the sixth is assured.

Sincerely,

Albert L. Peia ) ]

Come on! Stocks rally on worse than expected bad news to keep the suckers suckered! This is an especially great opportunity to sell / take profits while you still can since there's much worse to come! Remember: ‘Sell in May and go away! … El-Erian: “Financial Repression” In the Form of a Negative Real Rate of Return for Savers Is Coming to America Pimco co-chair El-Erian is saying that the major flaws in the financial system will not be addressed, the government will keep on printing money, and that the inflation-adjusted return on investments for most Americans will be negative. Stock Market: 4 Current Warning Signs Navin ‘…

2) Professor Shiller at Yale figures that the present price-to-earnings ratio for the Standard & Poor’s 500 is in the area of 26. The historical average is about 16.

3) The failure of the financial sector to keep up is a significant negative divergence for the entire market.

http://static.seekingalpha.com/uploads/2011/5/14/668911-130540693393499-Erik-McCurdy_origin.png

This is an especially great opportunity to sell / take profits while you still can since there's much worse to come! Remember: ‘Sell in May and go away! …

... growth in earnings have been artificially manufactured...

· The change in accounting rules for the financial sector by FASB has generated massive “false” account profits beginning in 2009…’

In reminder of '90s, LinkedIn has big first day (AP) - There was an unmistakable echo of the dot-com boom Thursday on Wall Street.

Rod Serling Now Linked-In : Dave's Daily ‘It definitely remains a really strange market. Fed Governor Fisher summed things up nicely Thursday stating: "We've gone from too little liquidity to too much." He's definitely off the main Fed talking points but a little honesty explains the "more money than brains" market. The LinkedIn(LNKD _) IPO typifies this Thursday. You may not be aware of it but word on the street is only ten institutions were privileged to obtain freshly issued shares. I wonder who was favored with this gift; care to guess? You couldn't get a collection of bad economic news much worse than what appeared today. While Jobless Claims were marginally lower given previous adjustments, the moving average of claims reached six-month highs; Home Sales were down...again; the Philly Fed reading came in at 3.9 vs 18 expected; and Leading Indicators were lower 0.3 vs flat expectations. These were dreadful but bulls brushed them off hoping for more POMO and extended ZIRP. Perhaps the stupid people are the ones not playing ball, given rising markets on this lousy economic news. LinkedIn should remind everyone of dotcom experiences but it's really about too much liquidity. Commodity prices were generally lower with economic data while the dollar was weaker and so too were base and precious metals. Bonds were flat overall…’

Here’s Why Existing Home Sales Unexpectedly Slipped in April May 19, 2011 ‘According to the National Association of Realtors , Existing Home Sales came in at 5.05 million annualized sales– lower than Wall Street’s expectations for 5.23 million sales (Briefing). Here’s your Cheat Sheet:

Sales: Came in at an annual rate of 5.05 million in March.

Month-over-Month Change: This is 0.8% below the downwardly revised 5.09 million in March 2011.

Year-over-Year Change: This is 12.9% below the 5.8 million pace in April 2010.

Prices: The national median existing-home price of $163,700 in April was 5 percent below April 2010.

Inventory: Up 9.9 percent to 3.87 million existing homes available for sale. This represents a supply of 9.2 months at the current sales rate, up from 8.3 months in March.

Noteworthy Stats: First-time buyers purchased 36 percent of homes in April, up from 33 percent in March; they were 49 percent in April 2010 when the tax credit was in place. Investors slipped to 20 percent in April from 22 percent of purchase activity in March; they were 15 percent in April 2010. The balance of sales was to repeat buyers, which were 44 percent in April.

All-cash transactions stood at 31 percent in April, down from a record level of 35 percent in March; they were 26 percent in March 2010; investors account for the bulk of cash purchases.

Commentary: Lawrence Yun NAR chief economist, said the market is underperforming. “Given the great affordability conditions, job creation and pent-up demand, home sales should be stronger,” he said. “Although existing-home sales are expected to trend up unevenly through next year, unnecessarily tight credit is continuing to restrain the market, along with a steady level of low appraisals that result in contract cancellations.”

More Details:

Single-family home sales slipped 0.5 percent to a seasonally adjusted annual rate of 4.42 million in April from 4.44 million in March, and are 12.6 percent below the 5.06 million pace in April 2010. The median existing single-family home price was $163,200 in April, which is 5.4 percent below a year ago.

Existing condominium and co-op sales fell 3.1 percent to a seasonally adjusted annual rate of 630,000 in April from 650,000 in March, and are 15.0 percent below the 741,000-unit level one year ago. The median existing condo price 5 was $167,300 in April, down 2.3 percent from April 2010.

Regionally , existing-home sales in the Northeast fell 7.5 percent to an annual pace of 740,000 in April and are 32.1 percent below a year-ago surge. The median price in the Northeast was $225,400, which is 7.3 percent below April 2010.

Existing-home sales in the Midwest rose 5.7 percent in April to a level of 1.12 million but are 16.4 percent below a cyclical peak in April 2010. The median price in the Midwest was $133,200, down 5.1 percent from a year ago.

In the South, existing-home sales declined 4.1 percent to an annual pace of 1.95 million in April and are 9.3 percent below a year ago. The median price in the South was $142,800, which is 4.1 percent lower than April 2010.

Existing-home sales in the West slipped 1.6 percent to an annual level of 1.24 million in April and are 0.8 percent below April 2010. The median price in the West was $203,400, down 6.1 percent from a year ago.’

Weekly Unemployment Claims Can’t Fall Below This Critical Level May 19, 2011, Short ‘The Department of Labor’s Unemployment Insurance Weekly Claims Report was released this morning for last week. Claims fell 29,000 from a 4,000 upward revision of the previous week. Here is the official statement from the Department of Labor:

In the week ending May 14, the advance figure for seasonally adjusted initial claims was 409,000, a decrease of 29,000 from the previous week’s revised figure of 438,000. The 4-week moving average was 439,000, an increase of 1,250 from the previous week’s revised average of 437,750.

The advance seasonally adjusted insured unemployment rate was 3.0 percent for the week ending May 7, unchanged from the prior week’s unrevised rate of 3.0 percent.

The advance number for seasonally adjusted insured unemployment during the week ending May 7 was 3,711,000, a decrease of 81,000 from the preceding week’s revised level of 3,792,000. The 4-week moving average was 3,728,250, an increase of 750 from the preceding week’s revised average of 3,727,500.

Today’s number was 11,000 below the Briefing.com consensus estimate of 420,000 claims.

As we can see, there’s a good bit of volatility in this indicator, which is why the 4-week moving average (shown in the callouts) is a more useful number than the weekly data.

http://dshort.com/charts/indicators/weekly-unemployment-claims.gif

Occasionally I see articles critical of seasonal adjustment, especially when the non-adjusted number better suits the author’s bias. But a comparison of these two charts clearly shows extreme volatility of the non-adjusted data, and the 4-week MA gives an indication of the recurring pattern of seasonal change in the second chart (note, for example, those regular January spikes).

http://dshort.com/charts/indicators/weekly-unemployment-claims-NSA.gif

Because of the extreme volatility of the non-adjusted weekly data, a 52-week moving average gives a better sense of the long-term trends.

http://dshort.com/charts/indicators/weekly-unemployment-claims-NSA-52-ma.gif

The Bureau of Labor Statistics provides an overview on seasonal adjustment here (scroll down about half way down).’

Geithner: There Will Be Another Storm Roche ‘(Tiny) Tim Geithner was recently interviewed by Andrew Ross Sorkin for the upcoming film “Too Big To Fail”. His comments on the future were pretty encouraging (via the Daily Beast):

“It will come again. There will be another storm,” warned Geithner, who in early 2009 succeeded Paulson as treasury secretary. “But it’s not going to come for a while.”

Under mostly gentle questioning from Pulitzer Prize-winning financial writer Liaquat Ahamed and New York Times business columnist Andrew Ross Sorkin, author of the book on which the film is based, Geithner said “I’m certain we will” experience another catastrophe—he just couldn’t say when or what kind.

“You will not know,” he answered when Sorkin tried to pin him down. “It’s not going to be possible for people to capture risk with perfect foresight and knowledge.”

And of course he’s right. Mr. Geithner, the fox in the hen house at the NY Fed while the too big to fail banks were becoming the behemoths that they are, was instrumental in ensuring that too big to fail became too bigger to fail. He has been one of the primary players in the build-up of the Wall Street financialization scheme. And worst of all, he knows that it has the ability to cause another crippling storm.

The infuriating thing is that there are rules and regulations that we could implement that would thwart or lessen the damage from any future storms. But no, we choose instead to allow these companies to seek profit maximization without requiring proper risk management. And in doing so, it increases the instability of the entire system. The fact that our leaders understand this is beyond maddening. And it would be funny if it wasn’t the cause of so much hardship.’

Jailed IMF chief resigns but maintains his innocence Strauss-Kahn, who is facing sexual assault charges in N.Y., says he is stepping down with "infinite sadness" and that he wants to devote "all my energy to proving my innocence." (Los Angeles Times) I.M.F. Chief Quits After His Arrest In Sexual Attack (New York Times) [ Strauss-Kahn resigns as head of the IMF (Washington Post) [ So what! Who cares! There is not one head of even one institution in the world today that deserves to keep their job; from bernanke at the fed, to the nobel committee that awarded wobama the peace prize, to geithner at treasury, to looney moony at the u.n., etc.. For jobs poorly done, they should step down and make way for the generation that’s been so negatively impacted by their venality, incompetence, corruption, etc… Why Are Investors Fearful? Here are 19 Answers Khaner 5-17-11’

QE II: .. Place yer bets, place yer bets! Tick, tick, tick…

U.S. ECONOMY: Inventory built, inventory sold, inventory built, inventory sold. ..

UNEMPLOYMENT: ..(problematic)

U.S. DEBT CEILING: “Going up, she said, uh, huh…”

INVESTOR SENTIMENT: Mom & Pop investors still getting’ their ya-yas out by pouring their savings into the equity markets. .. Main Street flash crash.

HOUSING CRISIS: Markets worldwide still looking pricey..

INFLATION: Said to be “uncomfortably high” in London. Given the Brits penchant for understatement..

SAUDI ARABIA: No one can convince me that they aren’t quietly calling all the shots in the Middle East..

STOCK MARKET TECHNICALS: The technical signals aren’t flashing anything definitive and the current low volume..

FLOODS: “High water rising, the shacks are sliding down, folks lose their possessions -- folks are leaving town…” It's hold-your-breath time as the Mississippi is flooding and the Louisiana gulf oil refineries may be threatened.

OIL PRICES: We get to $3.50 per gallon by July 1 and all is well. We get to $3 per gallon by July 1 and all is well and riding in a new stretch SUV Land Yacht! “It’s a party in the USA!"

ARAB SPRING: “Spring has sprung, the grass has risen’, I wonder where the birdies is?” Answer: Any place but the Middle East!

LIBYA: ..

JAPAN: Lost 3.2 million jobs in March alone. Insert audible “Gasp” here.

CHINA: .. China starts punishing companies for publicly announcing that they're about to raise prices on their products. “You woke up this morning, the world turned upside down...”

RING OF FIRE + SPAIN: Talk about getting kicked when you’re down. And since when does Europe get into the earthquake act?

CURRENCIES: The American Buck wakes from its deep slumber and bucks hyper-levered commodity traders right in the assets.

SOVEREIGN DEBT: .. all of Europe will get a hangover from this seemingly never ending bacchanal.

COMMODITIES: ..oil, gold and silver staging freakishly odd crashes every other day ..

.. http://www.minyanville.com/investing/lloyds-wall-of-worry/5/17/2011 ‘ ]

Gang of Six, minus one, presses on The five remaining senators say they are “encouraged” as Gang of Six deficit talks resume. (Washington Post) [Whew! Close one! Nothing to worry about now with the ‘gang of five’ back on track … Riiiiight! … New math for debt compromise With the “Gang of Six” down a member, Sen. Chambliss will need to be the one selling any deal. (Washington Post) [ How ‘bout no math, which certainly would be consistent. After all, in Washington, when has math ever mattered ... 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! ‘ . … Osama bin Laden: A dead nemesis perpetuated by the US government ... 5-1-11 / U.S. intelligence is that bin Laden needs dialysis every 3 days ... http://whatreallyhappened.com/WRHARTICLES/osama_dead.php

ON MAY 1, 2011, JUST MOMENTS BEFORE PRESIDENT OBAMA ANNOUNCED THAT THE US HAD KILLED OSAMA BIN LADEN, THE WHATREALLYHAPPENED WEBSITE CAME UNDER MASSIVE DISTRIBUTED DENIAL OF SERVICE ATTACK. THIS PAGE, WHICH DOCUMENTS THAT OSAMA BIN LADEN ACTUALLY DIED IN DECEMBER OF 2001, APPEARS TO BE WHAT THE WHITE HOUSE DIDN'T WANT AVAILABLE WHILE THE NEW PROPAGANDA WAS "CATAPULTED FORWARD". IT IS POSSIBLE THAT THIS IS THE OPENING GAMBIT IN A PLAN TO STAGE A "REVENGE" ATTACK FROM "AL QAEDA" ON THE UNITED STATES, WITH WHICH TO JUSTIFY TOTAL WAR ON THE MIDDLE EAST.

Bin Laden's voice was detected regularly until [12-14-01] by intelligence operatives monitoring radio transmissions in Tora Bora, according to the Pentagon [details]. Since then, nothing has been heard from the al-Qa'eda leader ..[Telegraph, 12/28/2001]

Osama bin Laden: A dead nemesis perpetuated by the US government

Osama bin Laden is dead. The news first came from sources in Afghanistan and Pakistan almost 6 mos ago: the fugitive died in December [2001] and was buried in the mountains of southeast Afghanistan. Pakistan's president, Pervez Musharraf, echoed the information. ..

..Osama bin Laden would not have.. remained silent for so long if he were still alive. He always liked to take credit even for things he had nothing to do with …[NYT 7-11-02]

FOX News Report: Bin Laden Already Dead

Fed won’t expand easing policy Central bank has been using “quantitative easing” to keep rates low to boost the nations’ economy. (Washington Post) [El-Erian: “Financial Repression” In the Form of a Negative Real Rate of Return for Savers Is Coming to America Pimco co-chair El-Erian is saying that the major flaws in the financial system will not be addressed, the government will keep on printing money, and that the inflation-adjusted return on investments for most Americans will be negative.Stock Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be selling some of their stocks so they can buy new yachts and some of this is pre-planned. But that ratio — which has spiked recently — is extraordinarily high, one might even say off-the-chart.

2) Professor Shiller at Yale figures that the present price-to-earnings ratio for the Standard & Poor’s 500 is in the area of 26. The historical average is about 16.

3) The failure of the financial sector to keep up is a significant negative divergence for the entire market.

http://static.seekingalpha.com/uploads/2011/5/14/668911-130540693393499-Erik-McCurdy_origin.png

This is an especially great opportunity to sell / take profits while you still can since there's much worse to come! Remember: ‘Sell in May and go away! …

24 Signs Of Economic Decline In America ‘The US is in the middle of a devastating long-term economic decline’ ] States face shortfall for retirees (WP) (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!

Many With New College Degree Find the Job Market Humbling Employment rates for new graduates have fallen sharply, as have starting salaries for those who can find work. (New York Times) [ Yet, we all know things are humming on wall street, and military recruitment is up. This is the grim economic reality [ http://albertpeia.com/grimreality.htm America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog | It’s now mainstream news that none of the big financial criminals have been prosecuted. ]. Selling In May Is Very Good Advice This Year Harding / April Is a Good Time to Sell Adler Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar 24 Signs Of Economic Decline In America ‘The US is in the middle of a devastating long-term economic decline’ ] States face shortfall for retirees (WP) (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! El-Erian: “Financial Repression” In the Form of a Negative Real Rate of Return for Savers Is Coming to America Pimco co-chair El-Erian is saying that the major flaws in the financial system will not be addressed, the government will keep on printing money, and that the inflation-adjusted return on investments for most Americans will be negative. Stock Market: 4 Current Warning Signs Navin ‘… 1) The 5-year high in the level of insider corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be selling some of their stocks so they can buy new yachts and some of this is pre-planned. But that ratio — which has spiked recently — is extraordinarily high, one might even say off-the-chart. 2) Professor Shiller at Yale figures that the present price-to-earnings ratio for the Standard & Poor’s 500 is in the area of 26. The historical average is about 16. 3) The failure of the financial sector to keep up is a significant negative divergence for the entire market. 4) Key market leaders are rolling over in price... ‘ Market's Risk/Reward Ratio Remains Poor McCurdy ‘The S&P 500 index has been in a secular bear market since 2000 and our Secular Trend Score (STS) indicates that we remain in the middle stage of its development (click to enlarge images):

http://static.seekingalpha.com/uploads/2011/5/14/668911-130540693393499-Erik-McCurdy_origin.png

Financialization and Our Increasingly Unstable Economy Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billions from the fraud ). UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]

This is an especially great opportunity to sell / take profits while you still can since there's much worse to come! Remember: ‘Sell in May and go away! …

Focus Is on Obama as Tensions Soar Across Mideast american and israeli officials are struggling to balance national security interests against the need to adapt to a transformative movement in the Arab world. (New York Times) [ Adapt? I don’t think so! I do believe that both nations are regressively but nostalgically trying bring the world back to failed geopolitical paradigms that made the 20th century the bloodiest century, not coincidentally the american century (obviously for israel the latter half century). Yet, such a conditioned psychopathic approach to global matters has led them self-destructively, self-defeatingly, and ineluctably to decline, fall, and as with dinosaurs, extinction, at least in a manner of speaking. Global information exchange at lightning speed has made such throwbacks to a lost era, propaganda, and maladaptive traits foolish at best, and deadly at worst. Intelligent people worldwide aren’t buying the obsolete, Orwellian approach fostered by the purveyors of global unrest; viz., israel, america, Orwellian england, etc..; more specifically, diversion of the masses from the glaring failures of leadership, economic and otherwise. CIA’s stealth drones watched bin Laden house Sophisticated new stealth aircraft flew dozens of secret missions deep into Pakistani airspace in an effort to capture high-resolution video that satellites could not provide, U.S. officials say. Pakistani troops, NATO helicopters engage in firefight 6th soldier charged in plot to kill Afghan civilians (Washington Post) [ Gen. Hamid Gul: U.S. Generals Provoking War with Pakistan Jones | Hamid Gul, former ISI chief, talks about NATO firing on Pakistani troops and the prospect of WWIII. Ludicrous Bin Laden “Porno” Claim Harks Back To CIA Fakery Watson | Spooks admitted creating hoax videotapes of Osama talking about having sex with boys. [ Yeah! This is becoming preposterous and it’s quite amazing that anyone’s believing anything they say. Next thing you know, they’ll be saying beyond the porn stash, Bin Laden was a closet Christian. Osama bin Laden: A dead nemesis perpetuated by the US government ... May 1, 2011 ... U.S. intelligence is that bin Laden needs dialysis every 3 days ... http://whatreallyhappened.com/WRHARTICLES/osama_dead.php 5-1-11, JUST MOMENTS BEFORE PRESIDENT OBAMA ANNOUNCED THAT THE US HAD KILLED OSAMA BIN LADEN, THE WHATREALLYHAPPENED WEBSITE CAME UNDER MASSIVE DISTRIBUTED DENIAL OF SERVICE ATTACK. THIS PAGE, WHICH DOCUMENTS THAT OSAMA BIN LADEN ACTUALLY DIED IN DECEMBER OF 2001, APPEARS TO BE WHAT THE WHITE HOUSE DIDN'T WANT AVAILABLE WHILE THE NEW PROPAGANDA WAS "CATAPULTED FORWARD". IT IS POSSIBLE THAT THIS IS THE OPENING GAMBIT IN A PLAN TO STAGE A "REVENGE" ATTACK FROM "AL QAEDA" ON THE UNITED STATES, WITH WHICH TO JUSTIFY TOTAL WAR ON THE MIDDLE EAST… FLASHBACK: Editorial: US in quagmire War in Afghanistan and Iraq costs America $1trillion From the Old | On May 30th at 10:06 the United States reached the point where they have spent $1trillion on the wars in Afghanistan and Iraq. Editorial: Bin Laden raid no vindication of torture (Washington Post) [ While I don’t disagree with this Editorial, I do disagree with the premise; viz., that they truly sought to prevent that ultimate ‘pearl harbor event’, to ratchet up the war spending / military industrial complex welfare plan with broad based enthusiasm / support. Even war-monger mccain supports this which also finds support in international law, treaties, conventions.I can only wonder what the presence of substantially underrated President General Eisenhower would have meant, and truly believe this entire debacle and the nation’s decline would have been avoided. “All In All It Appears That Eisenhower’s Worst Fears Have Been Realized And His Remarkable And Unique Warnings Given For Naught” Financialization and Our Increasingly Unstable Economy Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... `‘`In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv

The latest case of U.S. paranoia (Los Angeles Times) [ Yeah! This really needs to be said; particularly when you take into account the reality, that while plentiful, american laws are all but meaningless, arbitrarily enforced at best, and ‘federales’ and their supporters (more commonly called bribes, one way or form or another) invariably the worst offenders. Though having but 5% of the world’s population, u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:

CRIME STATISTICS >(america is No. 1)

Rank	Countries	Amount
# 1	United States:	11,877,218
# 2	United Kingdom:	6,523,706
# 3	Germany:	6,507,394

UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... `‘`In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]

Al Peia's Blog

Saturday, May 21, 2011

May 20, 2011

Business / Economic / Financial

The last-minute rapture reading list (Los Angeles Times)

Retail Woes Push Markets Lower

The Next Big Gold Rally Has Started The theory was that gold prices would drop to the 150-day moving average, before rising to new highs.

Treasury Prepares To Plunder Another $45 Billion From Retirement Funds As It Issues $110 Billion More Debt Next Week It has finally been made clear that in order to accommodate the debt ceiling by adding marketable debt, the Treasury has no choice but to literally plunder retirement accounts.

Was Dominique Strauss-Kahn Trying to Torpedo the Dollar? It’s all about perception management. The media is trying to dig up as much dirt as they can on Dominique Strauss-Kahn so they can hang the man before he ever sees the inside of a courthouse.

INVESTOR SENTIMENT:

HOUSING CRISIS:

INFLATION:

SAUDI ARABIA:

STOCK MARKET TECHNICALS:

FLOODS

OIL PRICES:

ARAB SPRING:

LIBYA: ..

JAPAN:

CHINA: ..

RING OF FIRE + SPAIN:

CURRENCIES:

SOVEREIGN DEBT:

COMMODITIES:

.. http://www.minyanville.com/investing/lloyds-wall-of-worry/5/17/2011 ‘ ]

CRIME STATISTICS >(america is No. 1)

National / World

Fukushima Ocean Contamination: Worse Than Chernobyl Paul Joseph Watson | The radioactive impact on surrounding oceans from the Fukushima nuclear disaster has already outstripped the 1986 Chernobyl disaster.

New Details On Al Qaeda Pentagon Lunch: Defense Dept. Was “Impressed” With Terrorist’s Presentation Steve Watson & Paul Joseph Watson | Top Pentagon lawyer booked known extremist as featured guest speaker.

The Establishment Eliminates A Threat Paul Craig Roberts | Strauss-Kahn made the mistake of revealing that he might have a social conscience.

Government Orders You Tube To Censor Protest Videos Paul Joseph Watson | Forget copyright infringement, You Tube is now complying with removal orders from governments to stop populist rage going viral.

Big Sis and DHS Push ID Program for Travelers Kurt Nimmo | Government moving away from one size fits all in security, Napolitano declares in Las Vegas.

New Details On Al Qaeda Pentagon Lunch: Defense Dept. Was “Impressed” With Terrorist’s Presentation New details have emerged in the case of the Al Qaeda front man who was invited to a Pentagon lunch just months after the 9/11 attacks.

The Establishment Eliminates A Threat The police and the prostitute media have made it impossible for Dominique Strauss-Kahn to get a fair trial.

Big Sis and DHS Push ID Program for Travelers Department of Homeland Security boss Janet Napolitano told a conference of travel and tourism industry leaders gathered in Las Vegas that the prospect of shoe bombing remains a threat to aviation.

Medvedev appears to question Osama`s death Russian President Dmitry Medvedev on Wednesday appeared to question Washington’s account of how al-Qaeda chief Osama bin Laden was killed by special US forces in Pakistan this month.

US consulate cars attacked in Pakistan One person has been killed and at least 11 others, including two Americans, injured as a roadside bomb targeting US consulate vehicles went off in Pakistan’s northwestern city of Peshawar.

Saudi Activist Deplores Obama’s Silence on ‘Tyrannical’ Regime In his major policy speech Thursday on the protests sweeping the Middle East, President Obama did not refer once to Saudi Arabia, arguably the Arab world’s least democratic state.

FOX News Report: Bin Laden Already Dead

CRIME STATISTICS >(america is No. 1)

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Saturday, May 21, 2011

May 20, 2011

Business / Economic / Financial

The last-minute rapture reading list (Los Angeles Times)

Retail Woes Push Markets Lower

The Next Big Gold Rally Has Started The theory was that gold prices would drop to the 150-day moving average, before rising to new highs.

Treasury Prepares To Plunder Another $45 Billion From Retirement Funds As It Issues $110 Billion More Debt Next Week It has finally been made clear that in order to accommodate the debt ceiling by adding marketable debt, the Treasury has no choice but to literally plunder retirement accounts.

Was Dominique Strauss-Kahn Trying to Torpedo the Dollar? It’s all about perception management. The media is trying to dig up as much dirt as they can on Dominique Strauss-Kahn so they can hang the man before he ever sees the inside of a courthouse.

INVESTOR SENTIMENT:HOUSING CRISIS:INFLATION:SAUDI ARABIA: STOCK MARKET TECHNICALS:FLOODSOIL PRICES:ARAB SPRING:LIBYA: ..JAPAN:CHINA: ..RING OF FIRE + SPAIN:CURRENCIES:SOVEREIGN DEBT:COMMODITIES:.. http://www.minyanville.com/investing/lloyds-wall-of-worry/5/17/2011 ‘ ]

CRIME STATISTICS >(america is No. 1)

National / World

Fukushima Ocean Contamination: Worse Than Chernobyl Paul Joseph Watson | The radioactive impact on surrounding oceans from the Fukushima nuclear disaster has already outstripped the 1986 Chernobyl disaster.

New Details On Al Qaeda Pentagon Lunch: Defense Dept. Was “Impressed” With Terrorist’s Presentation Steve Watson & Paul Joseph Watson | Top Pentagon lawyer booked known extremist as featured guest speaker.

The Establishment Eliminates A Threat Paul Craig Roberts | Strauss-Kahn made the mistake of revealing that he might have a social conscience.

Government Orders You Tube To Censor Protest Videos Paul Joseph Watson | Forget copyright infringement, You Tube is now complying with removal orders from governments to stop populist rage going viral.

Big Sis and DHS Push ID Program for Travelers Kurt Nimmo | Government moving away from one size fits all in security, Napolitano declares in Las Vegas.

New Details On Al Qaeda Pentagon Lunch: Defense Dept. Was “Impressed” With Terrorist’s Presentation New details have emerged in the case of the Al Qaeda front man who was invited to a Pentagon lunch just months after the 9/11 attacks.

The Establishment Eliminates A Threat The police and the prostitute media have made it impossible for Dominique Strauss-Kahn to get a fair trial.

Big Sis and DHS Push ID Program for Travelers Department of Homeland Security boss Janet Napolitano told a conference of travel and tourism industry leaders gathered in Las Vegas that the prospect of shoe bombing remains a threat to aviation.

Medvedev appears to question Osama`s death Russian President Dmitry Medvedev on Wednesday appeared to question Washington’s account of how al-Qaeda chief Osama bin Laden was killed by special US forces in Pakistan this month.

US consulate cars attacked in Pakistan One person has been killed and at least 11 others, including two Americans, injured as a roadside bomb targeting US consulate vehicles went off in Pakistan’s northwestern city of Peshawar.

Saudi Activist Deplores Obama’s Silence on ‘Tyrannical’ Regime In his major policy speech Thursday on the protests sweeping the Middle East, President Obama did not refer once to Saudi Arabia, arguably the Arab world’s least democratic state.

FOX News Report: Bin Laden Already Dead

CRIME STATISTICS >(america is No. 1)

No comments:

Post a Comment

INVESTOR SENTIMENT:

HOUSING CRISIS:

INFLATION:

SAUDI ARABIA:

STOCK MARKET TECHNICALS:

FLOODS

OIL PRICES:

ARAB SPRING:

LIBYA: ..

JAPAN:

CHINA: ..

RING OF FIRE + SPAIN:

CURRENCIES:

SOVEREIGN DEBT:

COMMODITIES:

.. http://www.minyanville.com/investing/lloyds-wall-of-worry/5/17/2011 ‘ ]