Business Summary Links By Day

Business Summary Links By Day

11 Reasons Why America Would Be A Better Place Without Goldman Sachs [ If only it was just 11 and not an endless number of reasons why the aforesaid is true! And, though america particularly, not just america, but the entire world as well! ] http://albertpeia.com/americabetterwithoutgoldmansachs.htm , The Real Problem At Goldman Sachs? You, The Muppet Client Forbes , Guest Post: Money from Nothing - A Primer on Fake Wealth Creation and its Implications (Part 2) ZeroHedge.com 3-14-12 Only in a debt-based money system could debt be curiously cast as an asset. We’ve made “extend and pretend” a quaint phrase for a burgeoning market for financial lying and profiteering aimed toward preventing the collapse of a debt- (or lack-) based system that was already doomed by its initial design to collapse. , The Big Fat Greek Lie Is Now Obvious to Spain… So Who’s Next to Default? March 15, 2012 By gpc1981 http://gainspainscapital.com ‘The big fat Greek lie being spread throughout the financial community is that Greece has been saved. It’s a lie for the following reasons: #1) Greece did in fact default #2) Greece now has more debt than it did before the bailout (how does writing off €100 billion Euros in debt and taking on €130 billion Euros in more debt improve this situation?) #3) The Greek economy continues to implode (youth unemployment over 50%, one in ten Greek youth looking for jobs abroad, Greek GDP fell 7% in 4Q11) #4) This Second Bailout was indeed a “Credit event” which the markets have yet to discount (though German investors are already lining up litigation) #5) Germany’s finance minister has already admitted Greece may need a third bailout. , U.S. Current Account Deficit Likely to Go Wider The Wall Street Journal , ‘.. Finding that while markets may be in rally mode, analysts are still fretful about near term sales momentum at these large multinationals. Currently, they expect the average Dow company to post only a 3.6% sales “Comp” in Q1 2012 versus last year, or 5.0% for the non-financial companies in the index. That is the lowest expected growth rate for the current quarter since we started keeping tabs on what the analysts had in their models a year ago.. Sell in May and go away? Only 31 trading days left until May 1st. ’ , Elijah Cummings Is First Political Muppet To Issue Goldman Op-Ed Response Durden 3-14-12 It was literally a matter of hours following the release of the now historic Greg Smith "Muppets" Op-Ed, before the true criminals enabling the slow motion trainwreck of the Keynesian klepto-fascist experiment became heard. , Commodities Crumble As Stocks Ignore Treasury Selling Durden 3-14-12 , Fitch Revises UK Outlook To Negative From Stable, Keeps Country At AAA Durden 3-14-12 In keeping with the tradition of waking up to reality with a several month delay on downgrades (if being the first to upgrade insolvent Eurozone members), here comes Fitch, to boldly go where Moody's went long ago. -UNITED KINGDOM L-T IDR OUTLOOK TO NEGATIVE FROM STABLE BY FITCH -FITCH AFFS UNITED KINGDOM AT 'AAA'; REVISES OUTLOOK TO NEGATIVE As a reminder, UK consolidated debt/GDP is... oh... ~1000% , What Closing The Straits Of Hormuz Will Mean In 3 Simple Charts Durden 3-14-12 , Guest Post: The Vampire Squid’s Problems Durden 3-14-12 Smith’s sentiments are appreciated, but actually he is wrong about a fundamental point, at least in today’s business environment. Goldman doesn’t have to give a damn about its clients because the vampire squid has found a much more lucrative way of insuring their bottom line: government largesse. , On This Day In History.... Gas Prices Have Never Been Higher Durden 3-14-12 , 30 Year Prices At Highest Yield Since August 2011 Durden 3-14-12 , Official Memo From Lloyd And Gary To Employees: "89% Of You Provide Exceptional Services To Clients" Durden 3-14-12 The Greg Smith drama refuses to go away (probably for a reason). Earlier, we presented a spoof response from a spoof Goldman CEO. Now, courtesy of the WSJ, here is the real memo sent out from Lloyd and Gary to employees in which we learn that "89% of Goldman employees self reported they provide exceptional services to their clients." But what about the remaining 11%? Because out of 10 employees, just one is required to rob a client, whatever that means these days anyway, blind. Oddly enough, didn't CFA Magazine just find that 10% of all Wall Streeters are psychopaths? , Biderman on Dow 6000 Durden 3-14-12 The storm clouds gathering behind Charles Biderman, CEO of TrimTabs, are a perfect analogy for his fascinating treatise on the key to long term bull markets and why the Dow could get cut in half. Bringing together the critical fundamental driver of P/E multiples - income growth in his view - and the historically most critical secular shift of this fundamental driver - communications breakthroughs, Biderman remains calm (for once) in his explanation for why the current low levels of income growth mean that should a new reality of less Fed exuberance (or a belief in less Fed exuberance) occur, the Dow will go to 6000 as he sees little evidence of technological innovations of the scale needed to lead the next 25 years secular bull market. , Farage On Europe: Determined But Delusional Durden 3-14-12 , It's Official - Apple Is Now Bigger Than The Entire US Retail Sector Durden 3-14-12 A company whose value is dependent on the continued success of two key products, now has a larger market capitalization (at $542 billion), than the entire US retail sector (as defined by the S&P 500). Little to add here. [ I would say 1 key product and even that’s old news and with any even limited competence can easily be duplicated by competition ] , Russia Discloses The Iran Ultimatum: Cooperate Or Be Invaded By Year End Durden 3-14-12 In what can only be seen as raising the rhetoric bar on the timing, scale, and seriousness of the Iran 'situation', Kommersant is reporting that "Tehran has one last chance" as US Secretary of State Clinton asks her Russian counterpart Sergei Lavrov to relay the message to Iranian leaders. If this 'last chance' is wasted an attack will happen in months as diplomats noted that the probability of an Israel/US attack on Iran is now a specific 'when' instead of an indefinite 'if'. The sentiment is best summarized by a quote from inside the meeting "The invasion will happen before year’s end. The Israelis are de facto blackmailing Obama. They’ve put him in this interesting position – either he supports the war or loses the support of the Jewish lobby". Russian diplomats, as Russia Today points out, criticized the 'last chance' rhetoric as unprofessional suggesting "those tempted to use military force should restrain themselves - a war will not solve any problems, but create a million new ones." , Ron Paul’s Economic Platform Cheered by ‘Black Swan’ Author Ron Paul 2012 | 2012 Republican Presidential candidate Ron Paul’s economic platform of fiscal restraint was praised today by one of the world’s premier risk managers. , American flag with President Obama’s image sparks outrage at Florida Democrats FoxNews.com | An American flag with President Obama’s image in place of the stars flew over a Florida county’s Democrat headquarters. The Obama Flag: Who Decided That It Was Okay To Replace The Stars On The American Flag With The Face Of Barack Obama? http://endoftheamericandream.com http://albertpeia.com/monkeyflag.htm [Aside from the desecration issues, from a purely aesthetic perspective, that picture on the flag of that ugly monkey obama is an absolute disgrace and affront to any rational person’s aesthetic sensibilities!]

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{ some prior links of current interest }