Business Summary Links By Day

Business Summary Links By Day

‘Massive Wealth Destruction’ Is About to Hit Investors: Faber http://albertpeia.com/massivewealthdestructionabouttohit.htm CNBC.com | Runaway government debts have triggered uncontrolled money printing that in turn will lead to inflation.. , The 15 Trillion Dollar Party http://albertpeia.com/bankruptamericadestroyingthefuture.htm { WALL STREET IS SO FRAUDULENTLY BEYOND THE PALE; FOR THERE IS NO QUESTION BUT THAT THEY BELONG IN JAIL! } , RICHARD RUSSELL: A Massive Stock Market Collapse Will Wipe Out 60 Years Of Inflation And Leveraging Business Insider , Graham Summers’ Weekly Market Forecast (Europe on the Verge Edition) 4-2-12 http://albertpeia.com/euontheverge.htm , Dave’s Daily: http://www.etfdigest.com CENTRAL BANK LIQUIDITY KEEPS BULLS HAPPY 4-2-12 ‘As Marc Faber reported Monday, two separate packages of over $1.3 trillion LTROs (Long-Term Refinancing Operations: dba “bailouts”) in the U.S. & Europe are bullish for stocks. Further, rumors remain the Bank of Japan is privately conducting similar operations and no one really knows what the Chinese (PBOC) are doing.ISM Mfg Data (53.4 vs 53.2 expected & prior at 52.4) indicates continued slow and steady economic expansion. Unfortunately prices paid remains higher at the same time. Construction Spending (-1.1% vs .7% expected & prior -.8%) was lower and some blamed this on the weather which isn’t intuitive.Stocks rallied as the new quarter began on the back of ISM data primarily and secondarily as new funds get reinvested to begin the month and quarter…’ , Guest Post: The Cliff Notes Durden 4-2-12 As it now stands, the US economy faces a “fiscal cliff” in early 2013 – meaningful Government spending cuts AND tax increases at the household level. , Pink Slime Maker Files For Bankruptcy: Pink Slips Galore As The Pink Sheets Beckon , VIX Pops As AAPL Snaps Stops With Action Between US Open And EUR Close , Foodstamp Usage Remains At All Time High, Record Number Of Households Receive $277 In Poverty Assistance Monthly , Rosenberg Recaps The Record Quarter Durden 4-2-12 What a quarter! The Dow up 8% and enjoying a record quarter in terms of points — 994 of them to be exact and in percent terms, now just 7% off attaining a new all-time high. The S&P 500 surged 12% (and 3.1% for March; 28% from the October 2011 lows), which was the best performance since 1998. It seems so strange to draw comparisons to 1998, which was the infancy of the Internet revolution; a period of fiscal stability, 5% risk-free rates, sustained 4% real growth in the economy, strong housing markets, political stability, sub-5% unemployment, a stable and predictable central bank. And look at the composition of the rally. Apple soared 48% and accounted for nearly 20% of the appreciation in the S&P 500. But outside of Apple, what led the rally were the low-quality names that got so beat up last year, such as Bank of America bouncing 72% (it was the Dow's worst performer in 2011; financials in aggregate rose 22%). Sears Holdings have skyrocketed 108% this year even though the company doesn't expect to make money this year or next. What does that tell you? What it says is that this bull run was really more about pricing out a possible financial disaster coming out of Europe than anything that could really be described as positive on the global macroeconomic front. What is most fascinating is how the private client sector simply refuses to drink from the Fed liquidity spiked punch bowl, having been burnt by two central bank-induced bubbles separated less than a decade apart leaving David Rosenberg, of Gluskin Sheff, still rightly focused on benefiting from his long-term 3-D view of deleveraging, demographics, and deflation - as he notes US data is on notably shaky ground. This appears to have been very much a trader's rally as he reminds us that liquidity is not an antidote for fundamentals. , Biderman On April's Equity Inflection Point As Fed's Front-Loading Fades Durden 4-2-12 The Fed has undertaken the same front-loading of the US economy for three years in a row (QE1, QE2, and Operation Twist) and each of the three times the performance of the US equity market to this sudden flush of liquidity has been almost identical in terms of velocity (speed and direction) - even though the underlying macroeconomic impact has been lesser and lesser as we pointed out here earlier. What is also most notable is that as we head into April (as Biderman reminds us, a typically positive 'flow' month for US equities given the tax-based moves and quarter-start) we are nearing what has been the inflection point in the previous two pump-and-hope episodes. While sounding eerily bullish in the very short-term, Charles is critically clear that he expects the short-lived nature of money-printing's impact on the market economy to fade rapidly as he fully expects the government agencies to revise their growth expectations more in line with his 'fact'-based growth expectations which are considerably lower. Though he notes the timing of the election may mean more of a sustained 'hope', the fact that in 2012 (starting Nov2011) equity performance is better now than the previous two Fed-infused rallies is perhaps why corporate insider-selling is so dominating insider-buying now through March. The avuncular antagonist concludes with his expectations that once the April surge is done with (which it may already have done today?) he fully expects the stock market to give up all its first quarter gains (and need we remind you that high yield credit is sending the very same signals of concern that it did in Q2 of the previous 2 rallies). , 10 'Facts' That Should Worry Europe's Equity 'Fiction' , Guest Post: There Is No Shortcut, But All We Have Are Shortcuts Durden 4-2-12 We all know there is no shortcut to anything worth having--mastery, security, wealth-- yet all we have in America is another useless, doomed shortcut. Insolvency is scale-invariant, meaning that being unable to live within your means leads to insolvency for households, towns, corporations, states and national governments. There is no shortcut to living within one's means. Expenses must align with revenues or the debt taken on to fill the gap will eventually bankrupt the entity--even an Empire. We know this, but all we have in America is the shortcut of borrowing more to fill the gap between revenues and expenses. The Federal government is borrowing a staggering 40% of its budget this year--and it has done so for the past three years. Despite all the fantastic predictions of future solvency, the cold reality is that no plausible level of "growth" will close the gap: either expenses must be cut by $1.5 trillion or tax revenues raised by $1.5 trillion or some combination of those realities. , ISM Beats Expectations Modestly As Construction Spending Slides , Meet The Uber-Kommissar: Germany Expands European Domination Plan; Will Enact European Budget Supervision Panel , Italian Banks Underwater On LTRO2 After Just One Month , Guest Post: Understanding The Slave Mentality Durden 4-2-12 In the initial stages of nearly every recorded tyranny, the saucer eyed dumbstruck masses exhibit astonishing and masterful skill when denying reality. , Ever Less Bang For The Printed Buck Durden 4-2-12 As markets crave their next fix of the money-printing elixir, perhaps it is worth noting the ever-decreasing impact that the quantitative easing experiments have had on 'measures' of the real economy. This seems to suggest that either: "we're gonna need a bigger boat" and the ongoing QEs will need to be exponentially larger than the prior in order to enact change in the 'measures' of real economy; or, the Fed has hit its limit as yet another 'multiplier effect' has been proved wrong in the limit and all we get to play with is the unintended consequences of a hidden inflation peering into view. Of course this is typical Keynesian dogma: if at first you don't succeed, do it again but bigger, more global, and with more geopolitical danger. , The True French Debt To GDP: 146% , More Fed "Bad Cop" Durden 4-2-12 Bernanke telling the world the Fed will ease any time there is a stock downtick is the 'good cop.' Which means there needs to be a bad cop to pretend that the Fed actually cares about more than just 10-20% red candles in the Russell 2000, and to give the impression of a balanced Fed. Last week it was Plosser (who simply regurgitated his script from March 2010). Today it is Dallas Fed's Fisher… , Greece Set To Default On Foreign-Law Bonds On May 15

Miscellaneous Business Headlines

Senior citizens continue to bear burden of student loans

Washington Post | Burden of paying for college is wreaking havoc on finances… of senior citizens.

‘Massive Wealth Destruction’ Is About to Hit Investors: Faber

CNBC.com | Runaway government debts have triggered uncontrolled money printing that in turn will lead to inflation that will decimate portfolios, according to the latest forecast from Faber.

The 15 Trillion Dollar Party

The Economic Collapse | If you knew that you could live in luxury for the rest of your life but that by doing so it would absolutely destroy the future for your children, your grandchildren and your great-grandchildren would you do it?

‘Massive Wealth Destruction’ Is About to Hit Investors: Faber

CNBC.com | Runaway government debts have triggered uncontrolled money printing that in turn will lead to inflation that will decimate portfolios, according to the latest forecast from Faber.

RICHARD RUSSELL: A Massive Stock Market Collapse Will Wipe Out 60 Years Of Inflation And Leveraging

Business Insider | Richard Russell, writer of the Dow Theory Letters, is just looking for the right time to buy stocks.

Eurozone unemployment hits 15-year high

Sharecast | Unemployment across the countries that use the euro hit a 15-year high of 10.8 per cent in February.

The 15 Trillion Dollar Party

Timeline: Major U.S. school and college shootings http://albertpeia.com/majorsuschoolcollegeshootings.htm

AP Business Highlights

...Yahoo Market Update…

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{ some prior links of current interest }

A Warning Sign For The World http://albertpeia.com/warningsignfortheworld.htm, 20 Signs You Might Be A Typical American Worker http://albertpeia.com/20signsoftypicalamericanworker.htm , 10 Signs That America Is Decomposing Right In Front Of Our Eyes http://albertpeia.com/10signsamericadecomposing.htm , 8 Reasons Why The Greek Debt Deal May Not Stop A Chaotic Greek Debt Default http://albertpeia.com/8reasonsgreekdebtdefaultstillcoming.htm , 55 Interesting Facts About The U.S. Economy In 2012 http://albertpeia.com/55factsaboutus2012economy.htm , http://albertpeia.com/debtpercapita.jpg , Double-dip recession setting in across eurozone: EU , America 1950 vs. America 2012 http://albertpeia.com/downhillslideofamerica.htm , Society’s Five Stages of Economic Collapse http://albertpeia.com/5stagesofcollapse.htm , No Housing Recovery - Case Shiller Shows 8th Consecutive Month Of House Price Declines Durden , Goldman: Germany Is Now On The Hook By €1 Trillion (Or 40% Of GDP) Durden, , 20 Economic Statistics To Use To Wake Sheeple Up From Their Entertainment-Induced Comas http://albertpeia.com/20ecostatstowakesheeple.htm , Central bank balance sheet expansion since end 2007 Mar 1st, 2012 by News (ZeroHedge) — SNB +230%; Fed +222%, BOJ +125%, BOE +87%, PBOC +93%, ECB +51%. USA Gold / PG View: Pretty strong evidence that the rally in bonds — and by extension the rally in stocks — is nothing but a charade. , 10.7 Percent: Unemployment In Europe Is Worse Than It Was At The Peak Of The Last Recession http://albertpeia.com/europeunemploymentworsethanrecession.htm , Inflation Is A Tax And The Federal Reserve Is Taxing The Living Daylights Out Of Us http://albertpeia.com/inflationisatax.htm , 15 Potentially Massive Threats To The U.S. Economy Over The Next 12 Months http://albertpeia.com/15massivethreatstoeconomy.htm , 1 Through 30 – The Coming U.S. Financial Crisis By The Numbers http://albertpeia.com/1-30usfinancialcrisiscoming.htm , Greece Has Defaulted - Which Country In Europe Is Next? http://albertpeia.com/greecehasdefaultedwhonext.htm , Five Charts That Prove We’re in a Depression and That the Federal Reserve and Washington Are Wasting Money gpc1981 http://albertpeia.com/usindepressionfedandgovwastingmoney.htm , Broken Promises: Pensions All Over America Are Being Savagely Cut Or Are Vanishing Completely .http://albertpeia.com/uspensionscutorvanishing.htm , America Is Being Transformed From A Wealthy Nation Into A Poor Nation At Breathtaking Speed http://albertpeia.com/ustransformedfromwealthytopoor.htm , 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 , Consumer prices rise on high gas costs But outside higher pump prices, inflation stayed mild. (Washington Post) [ Wake up! They’d have a hard time denying what’s in plain sight for everyone to see. Yet, apparently they’ve not gone grocery shopping lately; you know, all that catered food for fools in Washington. , Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year. I now see a similar confluence of events that warns of phase II of the global crisis… My work shows that “the new recession has started.”… Over the past 33 years, we have called the start of every recession, often on the exact month, or within one month, of the official start as determined one year later by the official arbiter of recession, the National Bureau of Economic Research (NBER)… However, inflation is far understated for political reasons. Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation, according to free market economists who calculate inflation as it was done in 1980 before the politician re-engineered it, is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’ , 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. , 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.com , 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!] , Who Decided That It Would Be A Good Idea.... http://albertpeia.com/misplacedfaith.htm , As US Rakes Largest Monthly Deficit In History, 2012 Tax Revenues Net Of Refunds Trail 2011 Durden, Guest Post: Money from Nothing - A Primer On Fake Wealth Creation And Its Implications (Part 1) Durden 3-12-12 What is fraud except creating “value” from nothing and passing it off as something? Frauds interlink and grow upon each other. Our debt-based money system serves as the fraud foundation. In our debt-based money system, debt must grow in order to create money. Therefore, there is no way to pay off aggregate debt with available money. More money must be lent into the system to make the payments for old debts. This causes overall debt to expand as new money for actual people (vs. banks) always arrives at interest and compounds exponentially. This process is called financialization. Financialization: The process of making money from nothing in which debt (i.e. poverty, lack) is paradoxically considered an asset (i.e. wealth, gain). In current financialized economies “wealth expansion” comes from the parasitic taxation of productivity in the form of interest on fiat lending. This interest over time consumes a greater and greater share of resources, assets, labor, and livelihood until nothing is left., 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. , Guest Post: The Audacity of Bonuses At MF Global Durden 3-12-12 In the spirit of George Orwell’s Animal Farm commandment: “all animals are equal, but some animals are more equal then others” comes the galling news that bankruptcy trustee, Louis Freeh, could approve the defunct, MF Global to pay bonuses to certain senior executives. This, despite the fact that nearly $1.6 billion of customer funds remains “missing” or otherwise partially accounted for, yet beyond the reach of those customers, perhaps forever, since before the firm declared bankruptcy on October 31, 2011... ,