Business Summary Links By Day

 

 

Dave’s Daily: http://www.etfdigest.com BULLS HAVE GREAT EXPECTATIONS 4-17-12 ‘There was little news to account for any rally on this Turnaround Tuesday given poor Industrial Production and lower than expected Housing Starts. But, bulls are looking ahead to earnings which have been much lowered and engineered to beat expectations … There could also be some fresh money to funds as investors beat the tax deadline. That money gets invested quickly.IBM just announced earnings that missed top line revenue estimates and stock falls. Intel (INTC) beats lowered estimates but stock is lower in after-hours trading. Yahoo (YHOO) earnings beat estimates and the stock is nearly 2% higher. Of many others, Cree Inc (CREE) shares were lower by almost 8% after its report.There wasn’t much news out of Europe today so stock bears there could take the day off while bulls could play…’ , Five Fundamental Flaws In Dip-Buying Euphoria Durden With S&P futures, and most notably financials, staging the second overnight opening surge in a row, we thought it perhaps worth reflecting on five quite concerning fundamental reasons why dip-buyers (as anesthetized as they have become thanks to central bank 'protection') could face a tougher time. As Mike Wilson of Morgan Stanley notes, for those looking for a cause or explanation of recent weakness, feel free to blame it on the more hawkish Fed minutes, Draghi’s comments that it was now “up to governments to do the right thing” or the soft US payroll numbers. After such an uninterrupted run, some kind of correction was inevitable and simply a matter of timing. The bigger question to resolve is whether this pull back will look like what we experienced in 2010 and 2011 or end up being more muted. Obviously, the key variables for this analysis remain growth and liquidity expectations. The 'payback' that we have been warned about for such an unseasonably warm winter is upon us (as macro data surprises increasingly to the downside) and that is the first flaw in BTFD logic. Wilson goes on to point out that NFIB small business hiring intentions have dropped precipitously, GDP growth is weak but earnings growth is now catching up (down) to that weakness and for many stocks is rapidly falling towards zero, we remain in a 'liquidity lull' as central banks stand on the sidelines and reflect, and perhaps most worrisome is the rapid deterioration in the Bloomberg financial conditions index. All-in-all, these sum up to suggest a greater-than-5% correction is more than likely. , On The Goldman Path To Complete World Destruction: Mark Carney On His Way To Head The Bank Of England? Durden ‘…The place? Why the center of the entire modern infinitely rehypothecatable financial system of course: England, which may have 1,000x consolidated debt/GDP, but at least it can repledge any asset in perpetuity thus giving the world the impression it is solvent (no wonder AIG, MF Global, and now the CME are scrambling to operate out of there). Which is why we read with little surprise that none other than former Goldmanite, and current head of the Bank of Canada, is on his way to the final frontier: the Bank of England.’, Market Is Long Of Mania In Schizophrenic Terms , Are Soaring Student Loans The Best Economic Indicator? , Bank Of Spain Releases Details Of Additional Capital Needs For Spanish Banks , Guest Post: "All Transactions To Be Conducted In The Presence Of A Tax Collector" In the terminal collapse of the Roman Empire, there was perhaps no greater burden to the average citizen than the extreme taxes they were forced to pay.  The tax 'reforms' of Emperor Diocletian in the 3rd century were so rigid and unwavering that many people were driven to starvation and bankruptcy. The state went so far as to chase around widows and children to collect taxes owed.  By the 4th century, the Roman economy and tax structure were so dismal that many farmers abandoned their lands in order to receive public entitlements.  At this point, the imperial government was spending the majority of the funds it collected on either the military or public entitlements. For a time, according to historian Joseph Tainter, "those who lived off the treasury were more numerous than those paying into it." Sound familiar? , LTROver , Chris Martenson: "The Trouble With Money" Recently I was asked by a high school teacher if I had any ideas about why students today seem so apathetic when it comes to engaging with the world around them. I waggishly responded, "Probably because they're smart." In my opinion, we're asking our young adults to step into a story that doesn't make any sense. Sure, we can grow the earth's population to 9 billion (and probably will), and sure, we can extract our natural gas and oil resources as fast as possible, and sure, we can continue to pile on official debts at a staggering pace -- but why are we doing all this? Even more troubling, what do we say to our youth when they ask what role they should play in this story -- a story with a plot line they didn't get to write? So far, the narrative we're asking them to step into sounds a lot like this: Study hard, go to college, maybe graduate school. And when you get out, not only will you be indebted to your education loans and your mortgage, but you'll be asked to help pay back trillions and trillions of debt to cover the decisions of those who came before you. All while operating within a crumbling, substandard infrastructure. Oh, and by the way, the government and corporate sector appear to have no real interest in your long-term future; you're on your own there. Yeah, I happen to think apathy is a perfectly sane response to that story. Thanks, but no thanks. To understand how our national narrative evolved (or, more accurately, devolved) to become so unappealing, we have to take an honest look at money. , Repsol Demands $10.5 Billion From Argentina (And Argentina's Counteroffer) , The European North-South Divide Is Exploding , “It Is Incumbent On Every Generation to Pay Its Own Debts As It Goes - A Principle Which If Acted On Would Save [Half] The Wars" George Washington The Founding Fathers Knew that Debt-Financed Wars Ruin the Country , Giant Banks Now 30% Bigger than When Dodd-Frank Financial “Reform” Law Was Passed , The Delays Begin: Italy Pushes Back Balanced Budget Target By One Year Durden , Best Day In 5 Months As Europe Soars On Second "Bill Issuance" Catalyst In One Week , Ben Bernanke Full Unredacted Frontal Yesterday the Wall Street Journal's Jon Hilsenrath was kind enough to present to the general public some 515 pages of massively redacted Fed transcripts from the oh so very interesting period of 2007-2010, ahead of schedule. Unfortunately those curious to find out the details of just what was going on in that critical period between March 2008 and March 2009 will have to wait another 3 years for the full declassification to take place. That said, digging among the unredacted data, one does find the occasional pearl. Such as the following exchange between CHAIRMAN BERNANKE and the Fed staff, from the October 28-29, 2008 meeting, in the days when AIG was dying, when Lehman had failed, when money markets had frozen and when the end of the world was nigh. Ironically, it is this one unredacted piece of data that pretty much says it all. ‘I’d like first to do the open market operations, which I hope are not too controversial. [Laughter] (source: page 231 of 513) And that, as they say, is that. , Live Webcast Of Obama Demonizing Oil "Speculators" After Obama's "fairness doctrine" was roundly rejected by the Senate last night as the doomed from the beginning Buffett Rule was voted down, Obama needs to find some more evil villains for society to demonize, and whom to blame for the failure of central planning, or rather its success in pushing gas prices to all time highs , Guest Post: Why the Middle Class Is Doomed The Federal government is supporting its dependents and its crony-capitalist Elites with borrowed money: $1.5 trillion every year, fully 40% of the Federal budget. It is in effect filling the gap between exploding costs and declining income, just like the middle class did until they ran out of collateral to leverage. The dwindling middle class, now at best perhaps 25% of the workforce, has been reduced to tax donkeys supporting those above and below who are dependent on Federal largesse. Fisher found that this cycle ends in transformational political upheaval. No wonder; even as the class paying most of the taxes shrinks and is pressured by higher costs, the class of dependents expands as the economy deteriorates and the super-wealthy Power Elites continue to control the levers of Central State power. 25 Signs That Middle Class Families Have Been Targeted For Extinction  http://albertpeia.com/25signsmiddleclasstargetedforextinction.htm

 

Miscellaneous Business Headlines

 

17-Apr-12 05:45PM  Berkshire Shares Drop Slightly On Buffett Cancer News at The Wall Street Journal 05:26PM  Train Reading: Happy Tax Day! at The Wall Street Journal 05:20PM  Tomorrow's Tape: Yummy Earnings at The Wall Street Journal 05:11PM  Apple Notches Best One-Day Dollar Advance in Its History at The Wall Street Journal 05:01PM   IBM Earnings: Beat the Street But Investors Not Impressed at The Wall Street Journal 04:44PM  Occupy the Buttonwood Tree: The 99% in 1765 at The Wall Street Journal 04:37PM  Intel Earnings: Profit Drop Breaks Four Consecutive Quarters of Growing Profits at Wall St. Cheat Sheet 04:33PM  Intel Earnings: Not Bad, But No Blowout at The Wall Street Journal 04:32PM  Yahoo! Inc. Earnings Cheat Sheet: Beats Expectations at Wall St. Cheat Sheet 04:28PM  Citigroup Shares Get Some Meredith Whitney Love at The Wall Street Journal 04:21PM  W.W. Grainger Inc. Earnings: Five Quarters in a Row of Expanding Margins, Net Income Climbs at Wall St. Cheat Sheet 04:19PM   IBM Earnings: Beat the Street But Investors Not Impressed at The Wall Street Journal 04:03PM  Small-Business Owners, Banks Blame Washington for Credit Woes at The Wall Street Journal 03:59PM  STOCKS SURGE, APPLE GOES WILD: Here's What You Need To Know Business Insider 03:58PM  A Need To Know Basis: IBM, Intel, Yahoo, CSX Earnings at The Wall Street Journal 03:51PM  Citigroup Shares Get Some Meredith Whitney Love at The Wall Street Journal 03:21PM  Which College Majors Pay Best? at The Wall Street Journal 03:16PM  Fed Survey Asks Banks About Their Thoughts on QE3 at The Wall Street Journal 03:16PM   Don't Get Burned By ETNs If There's Another Lehman Catastrophe at Forbes 03:02PM  InPlay: Limited slip off afternoon highs -- Dow +194, S&P +21, Nasdaq Comp +59 Briefing.com 03:00PM  Don't Get Burned By ETNs If There's Another Lehman Catastrophe at Forbes 02:54PM  Europe Hemorrhages Through A Refinancing Operation Band-Aid at The Wall Street Journal 02:52PM   Zut Alors! French Elections Looming as New Hurdle For Markets at The Wall Street Journal 02:10PM  Here's What Scares Dimensional Fund Advisors' CEO at Forbes 02:07PM  Is This Why Stocks Are Rallying? at The Wall Street Journal 01:45PM  Who's Your BFF? The VIX! at Minyanville 01:43PM  Zut Alors! French Elections Looming as New Hurdle For Markets at The Wall Street Journal 01:12PM  Virtual Tupac Sparks Real Life Rally In Digital Domain Media at The Wall Street Journal 12:57PM  Virtual Tupac Sparks Real Life Rally In Digital Doman Media at The Wall Street Journal 12:44PM  Housing, Manufacturing Not Doing Their Part for The Economy at The Wall Street Journal 12:42PM  U.S. Stocks Are Rising; Trading Volume Isn't at The Wall Street Journal 12:30PM  Is the Tax Man Helping the Stock Market? at The Wall Street Journal 12:26PM  Markets Put Off Expected Date of First Fed Rate Increases at The Wall Street Journal 12:24PM  InPlay: New highs in midday trade after tight lateral drift -- Dow +186, S&P +20, Nasdaq Comp +51 Briefing.com 12:16PM   Apple Faithful: No Reason to Freak Out; Shares Rebound at The Wall Street Journal 11:28AM  InPlay: Minor new highs, S&P +17 and Nasdaq Comp +45 still holding near resistances Briefing.com 11:25AM  Index, ETF option volumes near midday optionMONSTER 11:18AM  Index, ETF option volumes near midday optionMONSTER 10:49AM    WEBINAR: Volatility Is Not All The Same at TheStreet 10:28AM   InPlay: Fresh high for Nasdaq Comp +37, S&P +13 with Dow +130 probing its early high Briefing.com 10:18AM  Canadian Loonie Jumps Amid Slightly Hawkish BoC at The Wall Street Journal 10:02AM  Data Down; Stocks Up at The Wall Street Journal 09:55AM  Secondary Sources: Tax Spending, European Crisis, Barney Frank at The Wall Street Journal 09:38AM  Stocks To Watch: Goldman Sachs, Coca-Cola, Comerica at The Wall Street Journal 09:21AM  Morning Links: Welcome to the Apple Correction at The Wall Street Journal 09:10AM  'Spain Is on Track.' What a Relief! at The Wall Street Journal 09:10AM  Pre-Market Primer: US, European Stocks Rise With German Investor Confidence at Minyanville 09:01AM  Johnson & Johnson Earnings: Margins Suffer for Five Quarters Straight, but Net Income Climbs at Wall St. Cheat Sheet 08:28AM  Vital Signs: Warm Weather Fuels Home Improvement at The Wall Street Journal 07:55AM  [video] Goldman Earnings Puts Financials In Focus at TheStreet 07:55AM  [video] Goldman Earnings Put Financials in Focus at TheStreet 07:51AM    10 Things You Need To Know Before The Opening Bell Business Insider 06:25AM  Morning MarketBeat: Apple Woes Contained, For Now at The Wall Street Journal 06:19AM  Morning MarketBeat: Apple Woes Contained, For Now at The Wall Street Journal 06:17AM   How to Manage Risk Using ETFs TheStreet

 

 

 

US Editor Of The Economist: “Paper Dollar” And “Paper Euro” Will “Debase” In A “Big Way”

GoldCore | Gold’s London AM fix this morning was USD 1,652.00, EUR 1,255.51, and GBP 1,035.54 per ounce. Friday’s AM fix was USD 1,648.25, EUR 1,266.03 and GBP 1,040.69 per ounce.

 

25 Signs That Middle Class Families Have Been Targeted For Extinction

The Economic Collapse | The middle class in America is being systematically wiped out, and most people don’t even realize what is happening.


IRS Implementing Cashless Society Control Grid

Infowars.com | Now that Government Coercion Day — er, Tax Day, April 15 — is behind us, I thought it might be appropriate to show a federal bureaucrat rationalizing your sacrifice at gunpoint.

 

Soros warns euro crisis could destroy the EU

Reuters | Billionaire George Soros warned on Monday that the euro crisis is growing deeper, tearing at the fabric of European Union cohesion, because policymakers are prescribing the wrong remedies.



China Continues To Be A Wreck

Business Insider | This continues to be one of the wreckiest stock markets out there.



Peter Schiff: Ben Bernanke completely clueless

RT | Max Keiser talks to investor, author and radio show host, Peter Schiff about gold, the dollar and Japanese monetary policy.

 

 

 

AP Business Highlights 

...Yahoo Market Update…

 

 

Impeach Obama 2012. Join the National Campaign

Infowars.com | Now is the time to put an end to Obama’s treasonous and tyrannical behavior.

http://albertpeia.com/impeachobama.htm

 

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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, Goldman: Germany Is Now On The Hook By €1 Trillion (Or 40% Of GDP), 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 2011Guest Post: Money from Nothing - A Primer On Fake Wealth Creation And Its Implications (Part 1)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) 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 GlobalIn 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... ,