Business Summary Links By Day
Dave’s Daily: http://www.etfdigest.com ‘MARKETS UNIMPRESSED BY FED ACTION 10-24-12 The Fed announced basically no changes in policies
Wednesday. Parse the statement 20 different ways from Sunday and all you find
is weak fixed business investment, global risks and more stable home prices. So
previous ideas the Fed would double asset purchases was not in the cards for
this meeting. Tuesday the rumor swirled that Ben would not be accepting a third
term as Fed chief if offered (Romney has said no to an offer anyway). This gave
markets the blue since Ben has been providing the sugar bulls were addicted to.
Ben no doubt wants to write a book, sit on boards and make lucrative speeches.
Besides he may miss those Bee Gee days ya think?New Home Sales in the U.S. rose
5.7% the highest rate in two years screamed the headlines in the financial
media. But as always, inside the numbers things weren’t quite so rosy as again
prior data was revised lower (368K vs 373K) thus allowing for the “beat”. The Flash PMI rose to
51.3 vs expected 51.5 but prior data was revised lower from 51.5 to 51.1
allowing a beat. (Oh, those pesky revisions!)Chinese manufacturing rose from
47.9 to 49.1 which cheered investors hoping for a “soft landing” in the region. But, at the
same time eurozone manufacturing fell as did German confidence data. Europe’s SAP reported better
earnings allowing for a rebound in indexes. Boeing (BA) reported weaker
earnings but beat estimates while Eli Lilly (LLY) missed and Dow Chemical (DOW)
announced large lay-offs. Facebook (FB) shares soared 22% at the open on a
slightly better report regarding mobile ads. However, the outsized boost came
as a result of a massive short squeeze abetted by some analyst buy ratings. Cynically,
let’s remember restricted
shares are due for release in two months so getting the stock higher helps
those in need.There have been rumors from the eurozone that a deal with Greece
had been reached. (This was all later denied by Draghi and further amended by
the troika that no monies would be dispersed until conditions are met.) In it
is an austerity commitment of $13.5 billion over two years, an increase in the
retirement age to 67 from 65 and a placement of 25K government workers on “reserve” (read layoffs &
welfare). If this were true we’d see tear
gas and firebombs in the streets of Athens by now. The show in the eurozone may
go on for years. The ECB’s Draghi
spoke to the German parliament Wednesday and everyone came away talking about
how comforting the presentation was. Spiegel featured Germany’s Finance Minister Schauble
with a grimmer outlook. It’s the central
banks and QE vs economic data and earnings. Below are charts of economic data
from China, Europe and the U.S., which tell the story (courtesy of ZH and
Credit Suisse).
http://albertpeia.com/davesdailycharts.htm
Submitted by Tyler
Durden on 10/24/2012
This
will learn him:
Moral
of the story: steal $100 million (illustratively: nobody knows what the bottom
line impact of the criminal activity was: could be more, could be less) ->
spend two years in a minimum security country club, electric golf carts
included. Look for a surge in insider trading cases with this ruling which
makes risks to getting caught trading on inside information not only
acceptable, but in fact welcome. The good news, for Jon Corzine at least, is
that if the MF Global case ever gets to the sentencing stage (it won't), his
sentence would be to fly coach class for 24-48 hours.
Submitted
by Tyler Durden on 10/24/2012
Legendary
oilman T. Boone Pickens famously calls America’s oil imports ‘the greatest
transfer of wealth in the history of the world.’ Pickens is
referring to the money that is paid each year to oil exporting nations,
particularly those in the Persian Gulf which raked in around $100 billion last
year. No doubt, this is an enormous transfer of wealth. But it’s a drop in the
bucket compared to the TRILLIONS that Ben Bernanke gives the world’s elite. It constitutes, by far, the greatest transfer of
wealth in history, vastly exceeding America’s energy imports. It’s an unconscionable,
immoral, ridiculous game. But there’s good news– we can stop playing whenever we want. We don’t HAVE to hold their
worthless currency. We don’t HAVE to keep transferring our purchasing power to
an elite group. We can “opt-out”. Trade as much of their paper as you can for
something REAL, especially physical precious metals.
Debates 'diminished' Obama, says Romney "You can boil
down what he's saying to four simple words: more of the same," Romney said
today in Reno. { I’m truly astounded that after 4 years of b***s***, lies,
profligate spending for obfuscation but much vacation, and consequent
unequivocal failure, people are even listening to, much less ‘buying’ what
wobama desperately says. Not even a word from 0 is worth listening to. That
includes those who should supposedly know better. Moreover, self-respect
requires that americans reject wobama’s desperate campaign slings, arrows, and
desperate entreaties which ignore the reality of his blatant failure in large
part owing to his having failed to do as promised last ‘eternal campaign’. Then
there’s the threats and intimidation from the niggers who are like ignorant, vicious animals in lockstep accord with the abject
and utter presidential failure obama; yet, such typical ‘clannish’ racism by
blacks is virtually ignored and rational opposition to the failure spelled ‘0’
is being cast as racist. How can any nation survive such contraindicated
insanity. I’m truly amazed! }
Why
Greg Smith Left Goldman: Wall St. Now an 'Eat-What-You-Kill System'
Dutch court says Samsung does not infringe Apple patent [
Though contrary, american courts almost without exception and the federal
system generally, are so corrupt and lacking in credibility that they really
deserve no precedential, jurisprudential respect…and get none. From my direct
experience: One thing is
certain from my own direct experience { The unfortunate reality is what I’ve alluded to in
the context of my own direct experience; viz., america’s ‘legal system’ is an
illegal system used to cover-up crimes, arbitrarily enforce laws to apply
pressure, etc., and essentially run by the inmates of this collective criminal
entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
http://albertpeia.com/fbimartinezcongallard.htm } ; despite
enormous amounts of taxpayer money poured into the ‘federal system’, there’s
relatively/proportionately very little real significant results (an example
would be the brutalizing of Martha Stewart over a $45 thousand transaction
while wall street frauds in the trillions by the biggest players have gone
unprosecuted). ( I believe reasonable diligence requires self-reliance more
than ever before in this nation’s history; particularly when political
correctness in some states prevents calling a spade a spade to the substantial
detriment of law enforcement! http://albertpeia.com/selfdefense.htm ) ]
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 }
