Business Summary Links By Day

Business Summary Links By Day

There Is Not Going To Be A Solution To Our Economic Problems On The National Level http://albertpeia.com/nonationalsolutiontouseconomicproblems.htm , 16 Reasons To Move Away From California , Dave’s Daily: http://www.etfdigest.com CONFUSED MARKETS 4-18-12 ‘On second thought, some leading tech names saw heavy profit-taking on Wednesday. IBM and Intel (INTC) saw their shares fall as earnings reports disappointed either on revenue or guidance. Apple (AAPL) still an outsized weighting in tech sector ETFs (QQQ) & (XLK) kept losses from being too great as the shares only sold-off slightly.Why the sell-off Wednesday? You might think the eurozone (again) and you’d be partially right as more bad news dumped rain on the bulls’ parade. And that rain was from the plain in Spain? It seems there is more bad Spanish loans and the costs for propping up banks there is soaring. The Argentine takeover of Rapsol’s YPF is still reverberating throughout markets there as well. All the news from across the pond wasn’t limited to Spain as the Bank of England has decided there will be no more QE in the UK for now. Bulls don’t like anything like that certainly.A little covered story is that the wireless telephone market (IYZ) may now be starting to shrink as sales of wireless contracts, the most lucrative segment of the business may have shrunk for the first time ever according to this report from Bloomberg. So, perhaps we’ll now see the effects of saturation and some folks wanting a new iGadget may be loathe to sign up for a new contract…’ , SF Fed: This Time It Really Is Different Submitted by Tyler Durden on 04/18/2012 It appears that after months of abuse for their water-is-wet economic insights, the San Francisco Fed may have stumbled on to the cold harsh reality that this post-great-recession world finds itself in. The crux of the matter, that will come as no surprise to any of our readers, is credit and "its central role to understanding the business cycle". Oscar Jorda then concludes, in a refreshingly honest and shocking manner that "Any forecast that assumes the recovery from the Great Recession will resemble previous post-World War II recoveries runs the risk of overstating future economic growth, lending activity, interest rates, investment, and inflation." His analysis, which Minsky-ites (and Reinhart and Rogoff) will appreciate - and perhaps our neo-classical brethren will embrace - is that the Great Recession upended the paradigm that modern macro-economic models omitted banks and finance and this time it really is different in that the 'achilles heel' of economic modeling - credit - cannot be considered a secondary effect. His analysis points to considerably slower GDP growth and lower inflation expectations as he compares the current 'recovery' to post-WWII recoveries across 14 advanced economies - a sad picture is painted as he notes "Today employment is about 10% and investment 30% below where they were on average at similar points after other postwar recessions." , Saudi Arabia Pumps Record 9.8 Million Barrels/Day In March ,

Bob Janjuah Dismisses Central Bank Independence Amid Monetary Anarchy Durden

We discussed Bob Janjuah's must-read perspective of the market just over a week ago and his appearance on Bloomberg TV this morning reiterates that strongly held view that we are in midst of central bank anarchy and the rules of the game continue to change. While earnestly admitting his miss in Q1, on the back of under-estimation of just how incredibly un-independent central banks are (and will be proved to be in an election year), the bearded bear goes on to confirm his view of short term 10% correction in the S&P 500, a mid-year recovery on Bernanke's bowing to Obama's pressure, and ultimately back to S&P 500 in the 800pt range (and Dow/Gold to hit 1). Dismissing the don't-fight-the-Fed argument with analogies from 2007's 'you have to dance while the music is playing' and the tick-tick-boom carry trades that so many funds and investors follow now, he reminds the interviewer and the audience of how quickly all the trickle of carry gains are lost and then some when the music stops. Must watch to comprehend how smart money is comprehending the ultimate game theory of today's central bank largesse and the clear non-self-sustaining recoveries in global economies. , The Complete And Annotated "Hollande Victory" Matrix , Guest Post: Crony Capitalism And The Expansive Central State Crony capitalism arises when an expansive Central State dominates the economy. The Central State can then protect crony-capitalist perquisites, cartels, quasi-monopolies and financialization skimming operations of the sort which now dominate the U.S. economy's primary profit centers. If we step back, the larger context is the purpose and role of establishing a State to protect its citizens from foreign and domestic predation and exploition. The Central State is granted the sole power of coercion by its membership (citizenry) to protect the membership from the predation of individuals, concentrations of wealth and other subgroups seeking monopoly. They grant the State this extraordinary power to insure that no subgroup or individual can gain enough power to dominate the entire membership for their private gain and to protect freedom of faith, movement, expression, enterprise and association. Granting this power to the State creates a risk that the State itself may become predatory, supplanting the parasitic elements it was designed to limit. , Italian Bad Loans Surge To Highest Since 2000, Foreign Deposits Plunge , A Quick Reminder Ahead Of Tomorrow's Spain Debt Auction The Centre for European Policy Studies published their own findings this week and they estimate that the Real Estate accumulated overhang is actually almost $500 billion which equates to 59% of the IMF revised projections for Spain’s GDP. The EU and the ECB may not mandate that the Spanish banks have to mark-to-market in the normal fashion but a quick calculation indicates that the equity of the major Spanish banks is well into the red and past the blood line of any sustainable position. In my opinion, I would state, that the Spanish banks are in fact bankrupt and are only still alive given the financial shenanigans of how Europe allows the numbers to be calculated. I am well aware that many in Europe do not like to be confronted with the truth and that the stock market in the United States is so myopic that they wish to ignore the truth but the numbers are right in front of your nose if you care to look and reality has a funny way of catching up with the markets and reminding them one still equals one in the end. I am an adherent of the Greater Fool Theory and the trick is to let the other guy be the Greater Fool and not one of us. The “when” is unknowable but the “if” is behind us now and I suggest great caution. , Guest Post: Fake Conservatives As Dangerous To Freedom As Obama The campaign of Barack Obama in 2008 was a perfect example of the propaganda pageant, complete with visceral slogans like “Hope” and “Change”. After eight years of the clownish George Bush Jr., when our country spiraled down into a state of disturbed and vicious adolescence, people were looking for a renewal. They were looking for a path away from the edge of the abyss. Instead, they were given a better liar, with a brand new costume. The American Dream has become harder to sustain since…to say the least. In 2012, what I see is like a lightning bolt in slow motion. I can sense it branching out across the sky towards the ground and tearing through our surroundings, upending everything we know. Both the President and Congress have some of the lowest approval ratings in history. The question of whether anything can be accomplished through government has been answered for most people with a resounding “no”. The citizenry is on the verge of total fury. I wish I could say that most have abandoned the fleeting hollow satisfaction of choosing the “lesser of two evils”, but that would not be accurate. , Visualizing Aubrey McClendon "Rehypothecation" Scheme... And The China Trail , Back To Ground Zero: Spanish Bonds Now Red , The True Cost Of The Greek Bailout Emerges BARROSO SAYS TOTAL GREEK AID EQUAL TO 177% OF GREEK GDP , Contagion Returns: France CDS Over 200 For First Time Since January

Miscellaneous Business Headlines

Occupy Wall Street Sees Merit in Current Tax System?

The Daily bell | The elites, we can see in hindsight, apparently helped build a worldwide countercultural movement in the 1960s.

Amid Euro-Slump, IMF Clever Technocrats Are Forced to Rethink Austerity

Washington Post | Better late than never. But when will the people wise-up to the bankers’ game?

Goldman Sachs Rules The World; Bank of England Next

Paul Joseph Watson | Financial terrorists have exploited chaos they created to seize complete control.

Ignorance Is Bliss — Gullible Public Or Lying Media & Government Or All Of The Above

Monty Pelerin | Charles Biderman explains how gullible the public and media are with respect to government statistics.

The Too Big To Fail Banks Are Now Much Bigger And Much More Powerful Than Ever

The Economic Collapse | The too big to fail banks are now much bigger and much more powerful than ever.

Giant Banks Now 30% Bigger than When Dodd-Frank Financial “Reform” Law Was Passed

Washington’s Blog | Size of Banks Killing Economy … But Giant Banks Have Only Gotten Bigger Since Financial “Reform” Enacted.

Bottom-Bouncing Economy

Greg Hunter | The mainstream media would like you to believe that with every slight uptick in the economy, we have hit bottom and are in a so-called “recovery.”

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.

Second MEP Calls ACTA Internet Treaty A Threat To Liberties

Steve Watson | “Cannot guarantee adequate protection for citizens’ rights”.

The $5 Trillion Man: Debt Has Increased Under Obama by $5,027,761,476,484.56

CNSNews.com | Since Barack Obama took the oath of office as president of the United States, the federal government’s debt has increased by $5,027,761,476,484.56. { Quite simply, wobama the b for b***s*** has run this country like the typical mentally troubled nigger that he is! }

AP Business Highlights

...Yahoo Market Update…

Metal News for the Day

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 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... ,