Business Summary Links By Day
Dave’s Daily: http://www.etfdigest.com ‘OCTOBER REMAINS A TOUGH MONTH 10-10-12
The IMF was active once again Wednesday
this time telling eurozone banks it must divest themselves of $4.5 trillion
(with a “T”) of assets over the next 12 months. Note to central banks: “You’re
gonna need a bigger printing press.” That comment heaped atop previous
advisories didn’t help markets Wednesday.The Fed’s Beige Book was released at 2
PM and it offered little news beyond what we already knew. Further Fed Governor Kocherlakota chimed-in
from Disneyland saying the Fed could keep interest rates low for the next four
years. If markets are forward looking what’s to like about that assessment?
Earnings news from Alcoa (AA) was viewed Wednesday as a disappointment
which pounded the materials sector (XLB). After their release Tuesday post NY
close they actually beat estimates but this didn’t matter since their guidance
relative to Chinese demand was weak. Chevron (CVX) earnings missed occasioned
by Hurricane Isaac production stoppages. Tech continued to remain weak with
semi’s like Intel (INTC) leading the sector (SOXX) lower. But all wasn’t lost
as Yum Brands (YUM) earnings rose, Wal-Mart (WMT) stated it would open more
small-scale stores and Costco (COST) reported good earnings. Also FedEx (FDX)
gained nearly 5% on cost-cutting initiatives (read, lay-offs). Overall there
isn’t anything we already weren’t expecting from earnings. Bulls were counting
on QE3 to support what they already knew to be a tough earnings season. Perhaps
QE had become well priced-in and/or has lost some of its effectiveness. After
all, how many times can you go to the well on this? The dollar (UUP was
slightly weaker and precious metals (GLD & SLV) were mostly flat while
commodities overall (DBC) were slightly weaker led lower by oil (USO). Bonds
(IEF) were higher in price and lower in yield as is normally the
case...’ , UNSUSTAINABLE http://albertpeia.com/unsustainable.htm ,
Marketwatch: Euro erases gains after Spain downgraded S&P cuts Spain's rating to one notch above junk ,
FOX: Playing
games with pensions Public pensions are severely underfunded, threatening the
retirements of government workers and taxpayer wallets. 401(k)s
in 'plain English'? Plan providers
are now required to explain all the costs, but many critics say Wall Street
seems intent on drowning them in paperwork and fine print.
Obama's
Lucky Charms: A Hindu God In His Pocket, A Masonic Emblem, And A Ring That Says
"There Is No God Except Allah"
http://albertpeia.com/ohowweird.htm
Why do our politicians have to be so
weird? { Why? Because in, ie., O’s case, he is weird. Homo/hetero,
Muslim/Hindu/Christian, for Wall Street/against Wall Street, prosecute/no
prosecute, war/no war, say one thing/do another, truth/no truth, etc.. wobama’s
gotten’ by on b***s*** and ‘special consideration’ alone, never having done
anything of substance in his entire life. Indeed, even his so-called
‘auto-biographies’ are works of what appear to be ‘choom-gang’ induced
fantasies which reveal a psychogenic/dissociative amnesia that works well in
the continuing ‘narrative’ devoid of fact on his ‘more b*** s*** campaign
trail’ littered with the cowpies of stark reality. People owe themselves and
their children more than this grifter’s con which in numbers measures more than
the increased deficits of all the presidents since President General Eisenhower
combined to obfuscate his unequivocal failure. http://albertpeia.com/10waysobamakillingjobsinamerica.htm
Wobama’s Choom Gang Bangin’ { This brief video (11 mb) is well
done and worth a watch! } http://www.albertpeia.com/wobamaschoomgangbangin.wmv Friday
Humor: "I Am Pledging To Cut The Deficit We Inherited By Half By The End
Of My First Term In Office"
ZeroHedge.com Tyler Durden { Wobama the b for
b***s*** speaks … on the prior pre-election campaign trail ( The
Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm } You can tell a lot about a person by the
jewelry that they wear and by the things that they carry around in their
pockets, and Barack Obama's "lucky charms" include a Hindu god, a
Masonic emblem and a "wedding ring" that has the phrase "there
is no god except Allah" inscribed on it. So what do these things
tell us about Barack Obama? …’ ,
Food
Inflation To Surge, Goldman Warns
ZeroHedge.com We have been very
active in our discussions of the
impact of the pending rise in food prices around the world (from central
bank largesse to weather-related
chaos). As Goldman notes, food
inflation has been one of the most significant sources of headline inflation
variation in emerging markets (EM) over the past few years.
Since June, international prices for agricultural commodities have risen almost
30%, increasing the risk of fresh, food-related increases to EM headline
inflation. We, like Goldman, expect EM headline inflation to start to reflect
the relevant pressures more broadly in the October prints at the latest. While
the effects, for now, are expected to be less extreme than the 2010-2011
episode, the timing as the US enters its fiscal-cliff-prone malaise, could mean
a further round of easing
will reignite this critical inflationary concern. , UPDATE:*JPMORGAN CFO
EXPECTED TO STEP DOWN: WSJ Jamie "The
Europeans have the will, but no way; The US has the way, but no will."
Dimon had a very open and wide-ranging discussion with the Council on
Foreign Relations today. , Guest
Post: The Many Guises Of Financial Repression , The
US Economy In Q4 - Just The 'Chart-Porn' Facts The US economy grew at a 1.65% pace in the first half of the year
and, according to Bloomberg
Brief's chief economist Jo Brusuelas, is now tracking at a 1.5% pace of
growth. The IMF's dour outlook for the world's economy has been
shoulder-shrugged by many but in this compendium of everything you need to know about the US economic outlook
but were afraid to ask, Brusuelas provides the facts and
nothing but the facts. From slack in the labor markets, to a slowdown in
investment and soft household spending, even the Fed's unprecedented QEternity is unlikely to grab us back
from the edge of a malaise-like sub-2% consensus forecast for Q4.
{ Adjusting for real inflation, the economy’s in already in a sharp contraction
as previously pointed out by Bert Dohmen who called the last crisis and calls
this crisis worse! } , Guggenheim
On Gold And The 'Unsustainable' Return To Bretton Woods , S&P
Downgrades Spain To BBB- (Negative Outlook) As European Support Wanes , The
Cost to Future Generations of the Economic Data Fabrications - Much has been made lately of Jack Welch's
"turn" on the Administration regarding the BLS data for September... , Forget
Class-Warfare; It's Age-Warfare We Should Worry About , The
CEO Letter Heard Around The World "Vote Obama; Lose Your Job" , BoE
Finds Gold Standard Leads To Less Crises Than Fiat Regime , Meet
The People Behind The Vacuum Tubes In The World's Largest HFT Shop
Jack
Welch: I Was Right About That Strange Jobs Report
WSJ |
The 7.8% unemployment figure released by the BLS last week is downright
implausible.
Goldman
Sachs ‘in bid to change’ Volcker rule
AFP |
Goldman Sachs is seeking changes to the Volcker rule, which keeps banks from
speculative trades in their own accounts.
Selling
your own books, electronics and even furniture will soon be illegal if the
Supreme Court says so
Natural
News | What’s the problem? Isn’t something yours to do with as you please once you
buy it? Hasn’t it been that way forever?
Forget
Class-Warfare; It’s Age-Warfare We Should Worry About
zerohedge.com | The real
divide in this nation is not between rich and poor but old and young. .”
Alert:
Highly Sophisticated Large Scale Cyberheist Targets Customer Funds at Major
U.S. Banks
Mac
Slavo | A credible threat to the U.S. banking system has been identified by
cyber security firm RSA.
AP Business
Highlights
...Yahoo Market
Update…
Compendium of Important Business / National / World News / Topics /
Articles / Headlines
http://albertpeia.com/articlelinkspage3.htm
http://albertpeia.com/archives.htm
FBI Nazi
Bikers Bust FBI Nazi Bikers - What's Up At The FBI/DOJ?
Infowars.com | Now is the time to put an end to Obama’s
treasonous and tyrannical behavior.
http://albertpeia.com/impeachobama.htm
Nancy Pelosi Wants to Amend the First Amendment Kurt
Nimmo | When Pelosi says “special interests,” she means interests
opposed to establishment Democrats. [ Here’s a look at the pelosi / wobama
styled new california ( 16 Reasons To
Move Away From California http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm ) . pelosi’s
incompetent / senile in that chronological order. At this point, wobama the b
for b***s*** is just incompetent but acts and seems as if he’s senile,
particularly with regard to previous things he’s said and prior promises that
he’s made. ]
Wobama’s
Choom Gang Bangin’ { This brief video (11 mb) is well done and worth a
watch! }
http://www.albertpeia.com/wobamaschoomgangbangin.wmv
PAPER:
Obama's grandfather tortured by the British? A fantasy (like most of the President's
own memoir)... { http://albertpeia.com/wobamaschoomgangfantasy.htm }
Drudgereport: Obama: 'Sometimes I Forget' Magnitude of Recession…{
Oh! How conveniently forgetful, though the vast majority of americans don’t
have wobama’s luxury of feigned amnesia suffering from what wobama did and
didn’t do contrary to promises last time around the perpetual campaign trail
littered with his typical jive-talking b***s***! The following headline will
help him remember some of his sordid, pot-clouded high school past! }...
FLASHBACK: Obama's Sordid High School Past...
By Ben Shapiro ‘While the Washington Post has been diligently
digging into relatively innocent high school pranks
by Mitt Romney, they’ve spent the last few years diligently ignoring President
Obama’s far more controversial high school days.Obama, by all accounts, was a
habitual drug user in high school. He tried cocaine, he admits in Dreams
From My Father; he “tried drugs enthusiastically.” The Chicago Tribune
reported back in 2007 that Obama thanked the “Choom Gang” in his high school
yearbook; “chooming” was Hawaiian slang for smoking pot. The Honolulu
Advertiser reported that Obama’s senior portrait “prominently displayed …
A package of ‘Zig-Zag’ rolling papers and a matchbook.” One of Obama’s close
friends was arrested for drug possession during high school.In his memoir,
Obama talked about routinely getting high. “Junkie. Pothead,” he wrote. “That’s
where I’d been headed: the final, fatal role of the young would-be black man.”
But, according to Obama, he only got high because he was contemplating deep
matters: drugs could “push questions of who I was out of my mind.” Obama told
students in 2007 that this activity constituted “goofing off” and “wasting
time”:"I will confess to you that I was kind of a goof off in high school
as my mom reminded me," Obama said. "I went to high school in Hawaii,
so there's a lot of opportunity to goof off because the weather is really good
all the time …"You know, I made some bad decisions …. You know, got into
drinking and experimenting with drugs. There was a whole stretch of time where
I didn't apply myself. It wasn't until I got out of … high school, and went to
college that I started realizing, man, I wasted a lot of time.”The New York
Times, however, went out of its way to find Obama’s classmates to testify
that drugs played only a “bit
part” in Obama’s youth. Yet Obama would later brag on the campaign trail
that he “inhaled frequently … that was the point.”During his high school years,
Obama hung out with communist radical Frank Marshall Davis; in 2007, the Los
Angeles Times reported that during his high school days, “he felt the
first stirrings of anger toward whites. He says he also delved into black
nationalism.” He was “offended or even enraged when white classmates adopted
black street slang or revealed their underlying consciousness of his race by
going out of their way to tell him how much they admired a black musician or
athlete.” This activity is certainly more reflective of Obama’s ideological
history than Mitt Romney’s pranks on teachers and fellow students. And as for
the drug use – well, that seems just a bit more serious than walking a teacher
into a door or cutting a student’s hair. But leave it to the Post to
ignore or downplay all of that in favor of continuing stories about Romney’s
dog, his high school hijinks, and whatever other nonsense they can use to
protect President Obama from his own incompetence.’ Ben
Shapiro is Breitbart News Editor-at-Large. Follow him on twitter @benshapiro.
Cracks
in the Washington Post story on Romney’s ‘pranks’ emerge
Correction
Request: Washington Post Uses Falsehood in Romney Hit Piece
Media
Downplays Obama's Past, Tries to Define Romney with Teen Prank
If we're going to delve deep into a candidate's past, let's delve deep into a
candidate's past. Here's Obama in his own words admitting to physically shoving
a little girl named Coretta. Yes, it was at this moment that the first
shot in the War on Women was fired.
http://albertpeia.com/obamashovesgirl.png
No doubt that after expending all that energy
bullying an innocent little girl, young Obama readied himself for round two by
eating a Golden Retriever. More on this breaking story here.If
you're wondering what the rules are regarding a candidate's past; how far back
we're allowed to go in an attempt to define them -- the answer is simple: the
corrupt media will let us know.
Washington
Post Disgraces Itself By Targeting Romney's 'Anti-Gay' High School Pranks by Ben
Shapiro { It is true! The once great now failed newspaper, the washington
post, is an absolute disgrace! But a shadow of its former self, the
post is biased presumably owing to
shared desperation with the failed president wobama in return for access. So
egregious had the bias become wherein ‘sensitive’ commentary antithetical to
wobama and his, seldom seemed to work/post properly; and, then of course, the post’s pro-wobama perpetual
darkness-induced blind ‘constituency’.
I stopped posting there and have not visited their site since nor will I ever again. A rather pathetic swansong /
end / wind-down / final chapter
for what was once a great newspaper for which I had the utmost regard and
respect! }
Obama WILL NOT pursue gay marriage as part of party
platform...
STONE: 'Playing a
cruel and cynical game'...
Unites Republicans?
New Black Panther Niggers Plan Newspaper Cover With
Zimmerman In Noose { and civilized people everywhere should respond with
niggers in nooses and contributions to the Klu Klux Klan! } ...
LOONEY CLOONEYLAND: BIG CAMPAIGN BOXOFFICE FOR NIGGERO
– Meanwhile, looney clooneyland ain’t doin’ so well with the niggero model –
see next headline! ...
Failed Wobama model illustrated: 16 Reasons To Move Away From California http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm
Postal Service loses $3.2b in first quarter...
78% of California
8th graders fail national science test...
_______________________________________
{ some prior links of current
interest }
