Business Summary Links By Day
The
Last Days Of America? 25 Signs Of Extreme Social Decay http://albertpeia.com/lastdaysofamerica.htm , Waiting On November 6th http://albertpeia.com/waitingforgodoe.htm , Why
Intel Better Not Be Economic Bellwether This Time Around ZeroHedge.com For those who missed it earlier, Intel reported results that were
just slightly better than expected, and yet the stock tumbled over 3% after
hours. The reason is because despite a weak quarter which had been pre-guided
down by the sellside community every so effectively, the semiconductor
manufacturer saw even more weakness in Q4. Those who wish to read the details
can do
so here. For everyone else who is more of a visual learning bent, we
present the following chart which shows the year-over-year change in Intel
revenue, which shows that for the first time in 12 quarters, INTC reported
a decline in annual revenue. Furthermore, there is virtually no question
that Q4 will also see a revenue decline: the only question is whether it will
be greater than Q3's 5.5% Y/Y drop.
, Destroying
The Myths Of Bernanke's Brave New World Of QEtc. Entering the final quarter of the year, Lacy Hunt and Van
Hoisington (H&H) describe domestic
and global economic conditions as extremely fragile. New government
initiatives have been announced, particularly by central banks, in an attempt
to counteract deteriorating economic conditions. These latest programs in the U.S. and Europe are
similar to previous efforts. While prices for risk assets have
improved, governments have not been able to address underlying debt imbalances.
Thus, nothing suggests that these latest actions do anything to change the
extreme over-indebtedness of major global economies. To avoid recession in
the U.S., the Federal Reserve embarked on open-ended quantitative easing (QE3).
Importantly, in their view, the
enactment of QE3 is a tacit admission by the Fed that earlier efforts failed,
but this action will also fail to bring about stronger economic growth.
H&H go on to break down every branch that Bernanke rests his QE hat on from
the Fed's inability to create demand, to the de minimus wealth effect, and most
importantly the numerous unintended consequences of the Fed's actions. , Hours
Ahead Of The Presidential Debate, Total US Debt Hits Record $16.19 Trillion , Stocks
See Biggest 2-Day Gain In 5 Weeks On...Denied Rumors? UPDATE: IBM -3% after-hours (equiv. 50 Dow Points) Citi
was the headline-maker of the day and is now (somehow) up 12.4% from QEtc.
AAPL's low average-trade-size but reasonable volume rip (+2.3%) just failed to
fill the gap-down from 10/5 but provided just the excuse the market needed to
rip on a debate-day. Tech remains the only sector in the red post-QEtc. The last two days we have seen the same
pattern play out as in the last few weeks, a plunge-plunge-linear-ramp with the
opposite scale on volume during these moves. Today's equity
market levitation was predicated on rumors of a pending credit line with Spain
- which was denied by everyone involved but by then correlations were high and
momentum was in charge. FX markets are highly dispersed with JPY weakness
and EUR strength leaving the USD
-0.44% on the week. Commodities recovered a little on the day
with Oil/Copper +0.25% on the week and gold/silver still lagging. Treasuries bear-steepened with 30Y +8.5bps.
VIX dropped marginally to 15.22%. Credit was dead after Europe closed,
underperforming equities push. , As
Coke Goes, So Goes 20% Of The Greek Stock Market (Which Is Now Smaller Than
Vietnam's) , Confusion
Reigns In Europe , The
Curious Case Of Debate-Day Stock Market Surges In addition to the mysterious volley of recent economic data
points that have blown even the most optimistic expectations out of the water,
it is perhaps notable that not only is the economy in agreement with the status
quo in the month before the election, but so is the market, and as can be seen
below, on presidential (and
vice) debate days, the market has posted some truly six sigma returns.
For the month of October, the S&P 500 futures have risen a cumulative 20
points on the days of the debate; and fallen a cumulative 4.75pts on the
non-debate days. Forget
needing moar QE, we need moar debates! While we leave up to our
readers to divine the implications of such outlier moves on debate days, our
only suggestion for those who have missed their opportunity to buy the central
bank policy vehicle, formerly known as the S&P 500, with both hands and
feet, is to wait until the next presidential debate and go all in. After all, "it's only fair" that the market
will soar hours ahead of the two teleprompter-less candidates debating highly
irrelevant stuff. , Why
A Balanced Budget Is Impossible In America
If the US government cut all government services except Social
Security, Medicare, Medicaid, and interest payments, federal spending would
still outpace revenues. As we
noted here, these four mandatory items dominate costs. All the
arguing over sequestration and the fiscal cliff are moot since as Professor
Antony Davis notes in this brief clip, there are no specific cust that will
enable government to balance the budget; in fact "nothing less than a complete redesign
will solve the problem." That redesign begins with determing the proper
role of government.
Guest
Post: The Future of America Is Japan: Stagnation Japan's economy
has stagnated for two decades despite the global economy experiencing one of
its greatest economic booms ever. Japan continues to avoid
fiscal or financial crisis, and perhaps it can do so for decades to come. But
we should note that Japan has had the incredible, once-in-a-lifetime tailwind
of a global boom for the past 23 years. That has enabled Japan, and all the
other developed economies, the means to avoid facing their structural and
demographic problems. If Japan's economy has stagnated during a global boom,
what will it do during a global bust? Japan's stable stagnation will continue in a linear fashion--until it
doesn't.
China
Continues To Boycott Treasurys As Japan Prepares To Become Largest Foreign
Holder Of US Paper Where there were
notable developments in today's TIC report, was in the composition of buyers of
US paper, which showed that for yet another month, there has been virtually no
buying interest in US paper by the biggest non-Fed holder: China, whose total
TSY holdings were $1,154 billion, down $12 billion since the beginning of the
year, and down a whopping $125 billion from a year ago. Ironically that other
massively indebted country, Japan, which has Y1 quadrillion in its own public debt
to deal with, for a debt/GDP ratio will above 200%, continues to load up on US
paper, as the biggest paper ponzi scheme continues going ever higher and
nothing possibly can get in the way. In fact, as the chart below shows, the
difference between total Chinese and Japanese holdings has declined to a record
low $32 billion, and will likely see Japan surpass China as the biggest holder
of US paper very soon.
http://albertpeia.com/globalfoodreservesdown.htm
http://albertpeia.com/americanfoodfeces.htm
Even
Slaves in 1774 Colonial America Experienced Less Inequality than We Have Today
WashingtonsBlog | Even Slave-Holding
Societies Had More Economic Equality than Modern America.
Obama:
‘We Got Back Every Dime’ of Bailout; CBO: Bailout Will Lose $24 Billion
CNS News | President Barack Obama said on
Thursday that “we got back every dime we used to rescue the
financial system.”
US
Households Are Not “Deleveraging” – They Are Simply Defaulting In Bulk
Zero Hedge | The
implication here is that unlike in year past, US households are finally doing
the responsible thing and are actively deleveraging of their own free will.
This couldn’t be further from the truth.
AP Business
Highlights
...Yahoo Market
Update…
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
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
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.
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
Postal Service loses $3.2b in first quarter...
78% of
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{ some prior links of current
interest }
