Business Summary Links By Day
Dave’s Daily: http://www.etfdigest.com ‘HALLOWEEN
TRICKS FOR MARKETS 10-31-12 After two days of market closures, I wonder how
many people missed the investing scene? Speaking for myself I enjoyed the days
off. And, it appeared we didn’t miss much. It could be 3 days a week
(Tuesday-Thursday) would suffice for most carbon-based investors. The machines
might rust up and the exchanges wouldn’t like the loss of trading volume not
that there is much anyway. I noted to subscribers today that this
felt like a “zero-week” in the army. That is, there isn’t much going on in
advance of Friday’s employment report and Tuesday’s election. After we pass
through those gates of hell perhaps we’ll get a better read on the way forward.In
the meantime data and earnings continue to flow. The Chicago PMI (released
ham-handedly again) fell to 49.9 vs 51 expected. Under the hood the employment
data within the data was 50.3, which was the lowest in 33 months. ADP slashed
September job growth from 162K to 88K which is quite remarkable. And, these aren’t a good sign for employment data ahead. General Motors (GM) reported earnings that
beat while other reports seemed unremarkable. Insurance companies (KIE) were on
the downside given claims pouring in from hurricane Sandy. Apple (AAPL) was on
the downside early as two high-ranking executive were shown the door.Overseas
markets were mixed overall. Greece is on the verge of getting an extension
(it’s what politicians do) to austerity demands. The Bank of Japan is leading
the way in QE logging in nearly $1 trillion in stimulus. They’re the buyer of
last resort for their own bonds. Global central banks are “all-in” now on QE
and how/when this will end is the fantasy they and we live in.It may not be
worth posting until Friday when the latest employment data is released. There
are many guesses as to the data and lots of suspicions at the same time.The
dollar (UUP) was slightly lower and gold higher. Commodities (DBC) and oil
(USO) were basically flat. Bonds (TLT) were higher as stocks searched for
direction. Volume was
ultra-light once again as most investors are waiting for data and the election
it seems. Breadth per the WSJ was mixed…’
, Somebody
Should Start The 'Stuff Costs Too Much' Party http://albertpeia.com/inflationrisingfastandfurious.htm , …Worse Than 2008? http://albertpeia.com/worsethan2008.htm { The only reason that it doesn’t appear
that way here yet (though still quite bad) is because of the profligate
spending of money the nation doesn’t have to hide obama’s egregious failure as
president; exacerbating the nation’s already dire predicament economically and
otherwise. } , Superstorm Sandy's extremes, by the numbers AP By The
Associated Press { Damage estimates
are conservative and likely to go significantly higher. } ,
ZH: Guest
Post: Hurricanes Do Not Have A 'Silver Lining' , Guest
Post: The Tremendous Economic Benefits Of Superstorm Sandy ZeroHedge.com
10/31/2012 { I really have to say, I was thinking the same thing regarding the
outlandish spin (the ubiquity of which regardless of reality helped get us to
this precarious point in the first place) to be accorded this unequivocally
devastating blow to the economy, on top of all the other ‘deferred/pending’
blows to come! Really! } The public
relations propaganda campaign to convince the ignorant masses that Sandy’s
impact on our economy will be minor and ultimately positive, as rebuilding
boosts GDP, has begun. I’ve been hearing it on the corporate radio, seeing it
on corporate TV and reading it in the corporate newspapers. There are stories
in the press that this storm won’t hurt the earnings of insurers. The
only way this can be true is if the insurance companies figure out a way to not
pay claims. They wouldn’t do that. Would they? It seems all the stories use
unnamed economists as the background experts for their contention that this
storm will not cause any big problems for the country. These are the same
economists who never see a recession coming, never see a housing collapse, and
are indoctrinated in Keynesian claptrap theory.
ADP
"Cancels" 365,000 Private Jobs Created In 2012 ZeroHedge.com Frequent readers know that in
addition of any "data" and "numbers" out of Larry Yun's
National Association of Realtors, which we openly boycott as these are
consistently manipulated (recall the massive historical December
2011 revision), slanted and conflicted, the second dataset which we have
mocked with a passion is anything coming out of the ADP, which every month
releases its "Private Jobs" number a day before the official BLS Non-farm
Payroll data. Today, our mockeries have been proven 100% spot on. The reason? A
week ago, ADP
announced that going forward it would coordinate with Moody's (yes, that
Moody's), and especially its chief economist, SecTres hopeful (InTrade odds of
actually attain that post: 0.00) Mark Zandi, to fudge adjust its data
going forward. The data revision was supposed to be publicly disclosed tomorrow
when the official October ADP number was released. Well, just like today's
Chicago PMI, and so many other data points recently, this too was released
early. What the early release allowed us to promptly calculate is that using
the historically revised numbers, and comparing those based on the original
methodology, in 2012 alone, the US would have lost a whopping... 365,000 private jobs!
Putting thus number in context, according to the revised methodology, the US
has generated only 1.172MM jobs in 2012 through September, or in other words, a
statistical "fix" magically eliminated over 30% of what the market
had previously expected were job gains, a number which the incumbent president
has certain taken advantage of on more than one occasions while campaigning. , Guest
Post: China’s J-31
Stealth Aircraft Takes Flight ‘…. Interesting timing given
we are all focused on Sandy and the election... one thing is sure: Defense analysts have underestimated China’s ability to overcome
technological hurdles before…’
, Deciphering
The Dismal Reality In Europe From The Hopeful Green Shoots , Real
Economy Still Sliding As 'Eating Out' Continues to Go Down , France's
Fiasco In One Fine Chart , It
Begins: Ecuador Demands Repatriation Of One Third Of Its Gold Holdings
Submitted by Tyler
Durden on 10/31/2012
As the one year anniversary of the MF
Global Bankruptcy is upon us, the WSJ
has now joined the NY
Times in writing a ‘woe is me’ piece on behalf of Jon Corzine. The WSJ continues
bemoaning the pitiable situation of “restlessness and frustration” of the
former CEO of Goldman Sachs, former Governor of New Jersey, and former Senator
from New Jersey who apparently isn’t content with being “confident about the likelihood that he will avoid any
criminal charges related to MF Global.” Corzine is still estimated to be worth several
hundred million dollars despite presiding over the failure of the largest
non-bank commodity broker where $1.6 billion in customer money was stolen. I
cry for him, I really do... Trying to portray Corzine as being focused on
mundane things like finding a job rather than worried about doing jail time for
his obvious crimes appears to be another prong of Corzine’s attorneys’ use of the
Chewbacca
Defense, along with saying that the fraud
charges “Make No Sense,” because the money “Vaporized” and he had no motive since he had a de
minimis portion of his net worth invested in MF Global stock. However, proving
Corzine committed fraud and perjury would be relatively simple for any
motivated prosecutor. Since the
Department of Justice clearly is not motivated to prosecute Corzine after he
bundled $500,000+ in campaign contributions to their boss, I provide this
quick and easy guide for any ambitious state prosecutor to bring charges
themselves:
Submitted by Tyler
Durden on 10/31/2012
There
remains more than $1.6 billion of customer funds unaccounted for and whether
you believe PwC (as
Forbes notes) were duped or not, one year on from MFGlobal, one thing is
for sure - there is no more hated character in the pits of Chicago than Jon
Corzine. CNBC's Rick Santelli says it all in this blockbuster rant against the incredible
reality that this 'connected' individual has got away with monetary
murder. Must watch - but beware your blood pressure... as he
concludes "we haven't heard the end of this - Chicago will find the
answers!"
Submitted by Tyler
Durden on 10/31/2012
Four
years of glorious central-planning "extend and pretend" have enriched
the political and financial Aristocracies, and imbued them with a bubble-era
hubris that they have indeed gotten away with murder: the $6 trillion the
Federal government borrowed over the past four years, the Fed's $2 trillion in
fresh cash, the Fed's $16 trillion bailout of the banking sector and various
perception management manipulations have righted the storm-tossed ship. All
those with power in 2008 remain in power and all those with outsized wealth in
2008 still hold their outsized wealth. Except the financial tides and winds have shifted, and the linearity of
central planning is about to be disrupted by nonlinear, positive-feedback
storms.
Submitted by Tyler
Durden on 10/31/2012
Brent
oil price up over $109 as Hurricane Sandy threatens partial operation shutdown
liveoilprices.co.uk |
Hurricane Sandy threatens a partial operational shutdown in refineries.
money.cnn.com |
Hurricane Sandy could cause a delay in the release of the highly-anticipated
October jobs report set for this Friday.
Paul
Craig Roberts | Since mid-2009 the US has been enjoying a virtual recovery
courtesy of a rigged inflation measure that understates inflation.
Sandy
Total Loss Estimate: Up To $100 Billion
Prisonplanet.com
| Based on extrapolations from storm surge heights, the authors see a ‘perfect
storm’ of this
magnitude likely creating a total loss between $50 and $100bn.
‘Obama’s
Redistribution Halloween’: Crowder Pranks Kids With Commie Candy
Breitbart
| Steven Crowder teaches trick-or-treaters a valuable Halloween lesson by
applying President Obama’s economic philosophy to their candy-gathering
efforts.
Report:
Enough Spent on Welfare Programs in 2011 to Write Every Poor Household a
$59,523 Check
CNS
News | Foundation close to central leadership urges end to birth limits policy
across China by 2015, with experts saying reform is ‘inevitable’.
Doug
Casey: There’s Going to Be a Huge Change of Ownership Over Global Resources
*Video*
Mac
Slavo | Casey warns that the world’s economic, financial and monetary systems have
passed the point of no return and a change of ownership over global resources
will soon take place.
The Marion Star | Joan
Stevens was one of several early voters at the polls on Monday.
Politico | Iowa has joined Texas in warning
international election observers of possible criminal prosecution if they
violate state laws.
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 }
