Business Summary Links By Day

Business Summary Links By Day

Two Reasons Why the Global Economy Will Slow and Government Promises to Retirees Will be Broken March 13, 2012 By gpc1981 http://gainspainscapital.com ‘The coming years will be marked by a seismic change in the economic landscape in the US. Firstly and most importantly, we are going to see economic growth slow down dramatically. , CBO Hikes 2012 Budget Deficit Forecast By $97 Billion In One Month, Sees $1.17 Trillion In Funding Shortfall Durden 3-13-12 , ECRI Stays with Recession Call New American | The vicious cycle is starting where lower sales, lower production, lower employment and lower income [leads] back to lower sales…BOB ADELMANN New American Tuesday, March 13, 2012 http://albertpeia.com/ecricallsrecession.htm , Guest Post: How Does FINRA Lose 8 Hours of Testimony? Wall Street’s “Kangaroo Court” Durden 3-13-12 , Troika Finds Greece Already Likely To Miss Bailout Budget Targets Durden 3-13-12 , Fed Stress Test Released: Citi, SunTrust, Ally And MetLife Have Insufficient Capital Durden 3-13-12 , Market Summary: FOMC Snoozer Followed By Premature Exuberation Durden 3-13-12 , Dave’s Daily: http://www.etfdigest.com 3-13-12 ‘Bernanke & Co had nothing new to say and one assumes this must be bullish as stocks shot higher after the announcement. Gold fell as it was “risk on” for stocks and as the dollar rose slightly. Select commodity prices rose (USO, JJC) while bond prices continued to fall as yields rose. Retail Sales were higher but below expectations (1.1% vs 1.2% exp. & prior .6%) ex autos and gasoline sales were up only .6%. Goldman Sachs same store sales data for the week was .7% vs 1.3% prior…’ , Conned 2012: Joseph Kony Is A CIA Contractor [ Yeah, cia, mossad, kony, they look like and are a bunch of spooks. ] Saman Mohammadi | Former European MP, journalist, and author Richard Cottrell says Lord Resistance Army is backed by CIA and Mossad. , Who Decided That It Would Be A Good Idea.... http://albertpeia.com/misplacedfaith.htm Do you have faith in the people running this nation? When answering that question, most people would bash either the Democrats or the Republicans, but my question goes much deeper than that. Power is constantly shifting back and forth between the two major political parties, and it seems like things don't really change no matter who is in power. What I am asking is if you have faith in the entire system. Do you have faith in the U.S. government, the Federal Reserve, the state governments, the local governments, our public schools and our financial system? Do you believe that the people that are running things in this country are doing a good job? When you look at the results, it is hard to argue that those in power are making good decisions. In fact, this country is caught in such a downward spiral that it would be easy to argue that most of our politicians should immediately resign in disgrace. Our leaders just keep coming up with one bad idea after another. Sometimes it almost seems as though it would be better for our leaders to do absolutely nothing at all because every time they try to do something they only make things worse. , Does High Frequency Trading Add To Market Liquidity? Vote Here (No!) Durden 3-13-12 At this point it is safe to say that the world has far greater issues than simple trade scalping and a broken market structure courtesy of the few robotic algorithms that still trade, even compared to three years ago. Back then it was far less obvious that the global ponzi was on the edge every day, and that only coordinated efforts such as today's one-two punch by Jamie Dimon and his subordinates at the FRBNY could mask the fact that the stress test was never actually needed, as any time banks suffer a 20% drop the Fed would simply proceed to the New QE (pass go, and give the $200 direct to the banks). And yet, years after the flash crash, pervasive central planning notwithstanding, the High Freaks are still around, subpennying, stub quoting, channel stuffing and otherwise making a total mockery of the retail investor (at least the one who is dumb enough to put in a limit order and not split up a big order into many tiny ones). Which is simply stunning - by now, even if reading just a fraction of the hundreds of posts on the topic on this site alone of which this one may be the most encompassing, one would think that everyone, and that even includes the SEC, would be well aware of the (borderline) criminal, and certainly liquidity destroying (although volume spiking via churn), product that is High Frequency Trading. Apparently not. , Is This The Chart Of A Broken Inflation Transmission Mechanism? Durden 3-13-12 Sean Corrigan presents an interesting chart for everyone who still believes that, contrary to millennia of evidence otherwise, money is not fungible. Such as the Lerry Meyers of the world, who in a CNBC interview earlier said the following: "I’m sorry, I’m sorry, you think he doesn't have the right model of inflation, he would allow hyperinflation. Not a prayer. Not a prayer. If you wanted to forecast inflation three or four years out and you don't have it close to 2%, I don't know why. Balance sheet, no impact. Level of reserves, no impact, so you have a different model of inflation, hey, you like the hawk on the committee, you got good company." (coupled with a stunning pronouncement by Steve Liesman: "I think the Fed is going to be dead wrong on inflation. I think inflation is going up." - yes, quite curious for a man who for the longest time has been arguing just the opposite: 5 minutes into the clip). , Japan's Shocking Keynesian Slip: "We Are Worse Than Greece" Durden 3-13-12 In a stunning turn of events, a Japanese Ministry of Finance official admits to Richard Koo's worst nightmare "Japan is fiscally worse than Greece". Bloomberg is reporting that, at a conference in Tokyo, Yasushi Kinoshita says Japan's 2011 fiscal deficit was up to 10% of GDP and its debt-to-GDP has soared to over 230%. What is more concerning is the Kyle-Bass- / Hugh-Hendry-recognized concentration risk that Kinoshita admits to also - with a large amount of JGBs held domestically, the Japanese financial system is much more vulnerable to fiscal shocks (cough energy price cough) than Europe. Of course, the market is catatonic in its reaction to this - mesmerized by the possibility of buybacks and hypnotized at big-banks-passing-stress-tests - though we do note the small reverse stronger in USDJPY has reversed as this news broke and the USD pushes modestly higher. , Four Big 'Troubles' In Little China Durden on 03/14/2012 While not quite as dramatic as Kim Cattrall in a cheongsam, the recent group-think of 'heads bulls win, tails bears lose" on the back of seemingly ever-rising strike prices on central bankers implied-puts is becoming crescendo-like. Nowhere is this more evident in China currently, as the world views every inflation, growth, and lending print as either positive because of more stimulation or positive because of global growth. Of course all of this ignores the 'trap' that is/has already sprung in Japan (ZIRP, deflation, and zombification), US (ZIRP, addiction, and energy prices), and Europe (print, subordinate, and alienate foreign bond purchasers) and the care with which even insane printers must tread for fear of upsetting the world economy. Tonight we hear from China's Premier Wen that, via Bloomberg, China seeks to establish social democracy and much to Chuck Schumer's chagrin we pre-suppose, that the Yuan is close to equilibrium levels. Furthermore the veiled threat that China-US cooperation is better than confrontation, which brings us to four charts we found interesting in their potential to upset the euphoria of a global race-to-the-bottom which apparently makes US stocks invincible. , Why Are Millions Of Americans Preparing For Doomsday? http://albertpeia.com/preparingfordoomsday.htm

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(some prior links of current interest)