Business Summary Links By Day
18
Signs That The Banking Crisis In Europe Has Just Gone From Bad To Worse http://albertpeia.com/18signseuropebankcrisisbadtoworse.htm ‘With each passing day, the banking crisis in Europe
escalates. European banks are having their credit ratings downgraded in
waves, bond yields are soaring and billions of euros are being pulled out of
banks all across the eurozone. The situation in Europe
is rapidly going from bad to worse. It is almost like watching air being
let out of a balloon. The key to any financial system is confidence, and
right now confidence in banks in Greece,
Italy, Spain and Portugal is declining at an
alarming rate. When things hit the fan in Europe,
it is going to be much safer to have your money in Swiss banks or German banks
than in Greek banks, Spanish banks or Italian banks. Millions of people
in Europe are starting to realize that a
"euro" is not necessarily always going to be a "euro" and
they are starting to panic. The Greek banking system is already on the
verge of total collapse, and at this rate it is only a
matter of time before we see some major Spanish and Italian banks start to
fail. In fact it has already been announced that the fourth largest bank
in Spain,
Bankia, will be getting bailed out
by the Spanish government. It is only a matter of time before we hear
more announcements like this. Right now, events are moving so quickly in Europe that it is hard to keep up with them all.
But this is what usually happens in the financial world. When things go
well, it tends to happen over an extended period of time. When things
fall apart, it tends to happen very rapidly…’ , We
Are Watching The Greek Banking System Die Right In Front Of Our Eyes http://albertpeia.com/greekbankingsystemdying.htm ‘Money
is being pulled out of Greek banks at an alarming rate, and if something
dramatic is not done quickly Greek banks are going to start dropping like
flies. As I detailed yesterday, people do not want to be stuck with euros in
Greek banks when Greece
leaves the euro and converts back to the drachma. The fear is that all
existing euros in Greek banks would be converted over to drachmas which would
then rapidly lose value after the transition. So right now euros are
being pulled out of Greek banks at a staggering pace. According to MSNBC,
Greeks withdrew $894 million from Greek banks on
Monday alone and a similar amount was withdrawn on Tuesday. ..’ , One Epic
Chinese Bubble - One Chart ZeroHedge.com Tyler Durden, Everything
You Need To Know About Europe's Dilemma In 4 Minutes , So
How Are JPM's Prop "Counterparties" Faring? We already know that
JPM has lost billions on its prop trade, and as suggested earlier (and
as the FT
picked up subsequently), JPM's prop desk (not to mention its actual
standalone hedge fund, $29
billion Highbridge, which nobody has oddly enough discussed in the
mainstream press yet) is so large that unwinding the full trade, as well as all
other positions held by the CIO, would be unwieldy, allowing us to mock
"the fun of negative convexity -
especially when you ARE the market and there is no-one to unwind the actual
tranches to." The FT
then phrased it as follows: "I can’t see how they could unwind these
positions because no one can replace them in terms of size. It’s a bit of the
same problem they face with the derivatives trade," said a credit trader
at a rival bank. "They pretty
much are the market." Which actually is funny,
because if the media were to actually read a paper or two on how the market
works, and puts two and two together, it just may figure out that the biggest
beneficial counterparty for JPM is none other than the Fed, using the conduits
of the Tri-Party repo system. But that is for Long-Term Capital MorganTM and its new CIO head Matt
"LTCM" Zames to worry about. In the meantime, a question nobody
has asked is how have the purported JPM counterparties, the most public of
which are BlueMountain
and BlueCrest who leaked the trade to the press in the first place, and are
allegedly on the other side of the IG9 blow up doing. Well, according to the
latest HSBC hedge fund update looking at the week ended May 11, not that hot. ,
It's Not Over Yet
For JPM , Moody's
Downgrades 16 Spanish Banks, As Expected , Flight
From Risk: Treasury Plummets To Record Low Yield As Gold Surges , Jamie
Dimon "Invited" To Testify Before Senate , Goldman
Goes Short The US Consumer , Guest
Post: Regardless Of What The Propaganda Says, This Is Not How A Free Society
Treats People , A Simple
Question For Senator Schumer As many already know, earlier
today Senator Schumer announced the cleverly named Ex-PATRIOT act, which
seeks nothing short of exile for anyone who effectively declines their US
citizenship for tax avoidance purposes. So far so good. We have, however, one
simple question. In light of recent media reports of rampant abuse of various
international tax loopholes by US corporations (recall the Double
Irish with a Dutch Sandwich), but much more importantly, the glaring abuse
of offshore
tax shelters by hedge funds - organization such as Paulson & Co.,
RenTec, York Capital, etc., and financial institutions, such as Lazard,
Blackstone, and Credit Suisse, can Senator Schumer please rep, warrant and
guarantee that none of his corporate sponsors, i.e., his Top
100 Contributors, have ever engaged in any form of explicit or implicit tax
avoidance, tax offshoring, and tax shelter. To facilitate his checklisting, we
have presented his top 100 contributors below. Because if he can't, one may be
left with the impression that his whole anti-tax tirade and legislation is, you
know, hypocritical. , Prudent
Fiscal Policy and Political Suicide
: testosteronepit
: “Public debt is an enemy for the country” , Forget
Peak Oil, Time To Worry About Peak Oil Labor : EconMatters : A
recent IMF working paper predicts a permanent doubling of real oil prices over
the coming decade. However, the "peak oil labor" could be
just enough to tip the scale for the... , Debate:
Do We Need More Regulation … Or Less? : George Washington : The Issue Is Not Really Regulation ... It is a Malignant,
Symbiotic Relationship Between Government and Wall Street , The
American Foreclosure Process Has Ground To A Halt Something funny happened
in the aftermath of the US fraudclosure settlement, in which millions of
backlogged housing units were supposed to enter the foreclosure process and
begin the clearing of the nearly
9 million housing units in shadow inventory: nothing. Because as RealtyTrac disclosed
overnight, in April the US
saw a mere 188,780 foreclosures events of various type (NOD, auction, REO) take
place. Why is this number significant? Because it is the lowest
in 5 years, despite shadow inventory in the US now being virtually the highest
ever. But, but, "this is precisely what the foreclosure settlement was
supposed to prevent" , Guest
Post: How The U.S. Dollar Will Be Replaced The dollar was a median step
towards a newer and more corrupt ideal. Its time is nearly over.
This is open, it is admitted, and it is being activated as you read
this. , Philly
Fed Plunges, First Contraction Since September 2011 , Consumer
Blinks as "Consumer Comfort" Collapses Most In 4 Years , US
leading indicators -0.1% in Apr, below market expectations of +0.1%, vs +0.3%
in Mar. May 17th, 2012 09:28 by News , US
Philly Fed fell to -5.8 in May, well below market expectations of 10.3, vs 8.5
in Apr. May 17th, 2012 09:24 by News , Greek Exit:
How Much It Would Cost Europe , Experts
Try to Chart Path for Exit From Currency
, US
initial jobless claims 370k for the week ended 12-may, above expectations of
365k, vs upward revised 370k in the previous week. , Dave’s Daily: http://www.etfdigest.com IT WAS THE BEST OF TIMES; IT WAS
THE WORST OF TIMES 5-17-12 ‘It struck me as odd knowing how much money is at
stake in underwriting fees and newfound wealth set against a rapidly collapsing
stock market. You probably know how these deals like Facebook get priced and
distributed. The underwriters and selling group members have been twisting arms
and issuing ultimatums to institutional clients—you are to take “x” number of
shares or you’ll never get another deal again. That’s the way we roll. So as
billions are about to be made by underwriters and insiders, Main Street is losing its collective
shirt in the current stock market plunge. It’s quite a
disconnect frankly.Facebook is a great company, growing and dominating
in many ways. But others have a different take including Lucy
Marcus via Reuters which others aren’t discussing. And,
not mentioned overall of course: What if the Facebook deal is a flop given
market conditions?Jobless Claims (370K vs 365K estimated & prior revised
higher to 370K) were a little weaker than estimated but the revisions allowed
for a better headline. On the other hand, The Philly Fed Survey (-5.8 vs 10
expected & prior 8.5) was much worse and the Bloomberg Consumer Comfort
Index (-443.6 vs prior -40.4) was also quite weak. Leading Economic Indicators
(-.1% vs .1% expected & prior .3%) were also disappointing…’ , New evidence in Trayvon Martin case raises
more questions Trayvon Martin's autopsy shows he had marijuana in
his system the night he was killed by neighborhood watch volunteer George
Zimmerman, and a gunshot to his chest came from close range, according to
nearly 200 pages of previously undisclosed documents released Thursday. ABC News Exclusive: Zimmerman Medical Report Shows Broken Nose,
Lacerations After Trayvon Martin Shooting {That little (6’3”) thieving
nigger was enraged by his being thwarted in his scope-out/plundering of
Zimmerman’s neighborhood. Clearly self-defense with wounds consistent with his
true story, Zimmerman was fighting for his life and ultimately saved the
citizens of Florida from the future costs of the burgeoning violent, thieving
typical nigger-criminal trayvon martin.} , 19
Things That All High School Students Should Be Told Before They Go To College http://albertpeia.com/19thingshsstudentsshouldbetoldbeforecollege.htm , 12
Pictures That Demonstrate How The New World Order Openly Mocks Us http://albertpeia.com/newworldordervedgesmockus.htm { First, let me say that the vedges of the
so-called new world order are in no real position to mock anyone, so mockable
as they indeed are, as the incompetent vegetables that they in fact are, who
have been the very architects of ultimately their own and the planet’s decline,
fall, and demise. Yet, there is no question but that the ‘masses’ so mocked,
deserve to be mocked, having embraced their dismal fate at every turn; viz.,
their embrace of ‘political correctness’, though contraindicated, as, ie., the
embrace of the violent, destructive nigger who literally would have them for
dinner, or the compulsion to embrace that which the state says is right, though
contraindicated, for political expedience owing to failure fed (including the
incompetent missteps of the failed fed) desperation, ie., gay marriage, etc.,
contrived wars / conflicts, among other clearly observable, self-interested
behavior of people, companies, nations, including the gargantuan bailed out
frauds on wall street to everyone’s (but the frauds’) detriment, still
unprosecuted. That the jive-talking, b***s*** artist/grifter/con-man obama has
not been held to even one of his former now broken campaign promises and is embraced
by those foolish enough to believe more of the same is testament to how
deserving of mocking the masses truly are (people should be outraged and wobama
should be ‘ridden out on a rail’). Make no mistake; the reality is that the
‘new world order’/so-called ‘elite’ are not elite at all; but rather,
incompetent vegetables who can’t do anything right as they’ve now proven time
and time again. As I previously said: The
Elite Believe That You Are Ruining Their Planet And They Want You To Stop
Reproducing { First and foremost
clarification: There are no elite on this planet. The grim reality for this
planet is a dominant species descended from initially notochords, primitive
chordates, and relatively more recently primitive apes. See generally, http://albertpeia.com/anthroindex1.htm , for a brief but sorrowful history of man. http://albertpeia.com/planetalreadyruined.htm
}
17-May 2012 European Misery vs. U.S. Improvements - Will Europe Sink U.S.
Markets? ETFguide 07:29PM Option players seek shelter as risk gauge rises at Reuters 06:22PM If Gold Demand is Up, Why Are Prices Still Down? ETFguide 06:11PM Daily ETF Roundup: GDX Soars On Golds Glitter, SPY Drags On
Weak Markets ETF
Database 06:11PM Stocks Continue to Tumble Ahead of Facebook IPO at Barrons.com 06:00PM Daily ETF Roundup: GDX Soars On Golds Glitter, SPY Drags On
Weak Markets ETF
Database 05:48PM Facebook IPO: Market Players Gear Up for Offering at The Wall Street Journal 05:39PM Train Reading: Facebook Frenzy Hits Fever Pitch at The Wall Street Journal 05:36PM Tomorrow's Tape: The Social Calendar, At Least, is Full at The Wall Street Journal 05:14PM The Gap Earnings: Heres Why Investors Are Buying Shares Now
at Wall St. Cheat Sheet 05:12PM Mixed Messages From Capitol Hill on J.P. Morgan Loss at The Wall Street Journal 05:08PM Facebook IPO: Market Players Gear Up for Offering at The Wall Street Journal 04:38PM Bank of America's Ugly Stock Decline Continues at The Wall Street Journal 04:35PM Here Comes the Sun: U.S. Slaps Duties on Chinese Solar Cos.
at The Wall Street Journal 04:19PM STOCKS TANK, JP MORGAN AND APPLE GET HAMMERED: Here's What You
Need To Know Business
Insider 03:49PM Best Buy First Quarter Earnings Sneak Peek at Wall St. Cheat Sheet 03:47PM Record Closing Low For 10-Year Treasury Yield at The Wall Street Journal 03:44PM Financial Stocks Roundup: JPMorgan Weighs on Financial Sector
at Minyanville 03:30PM Dell First Quarter Earnings Sneak Peek at Wall St. Cheat Sheet 03:27PM Wiping Out $90,000 in Student Loans in 7 Months at The Wall Street Journal 03:26PM InPlay: S&P -13 and
Dow -106 join Nasdaq Comp -44 at new afternoon/session lows Briefing.com 03:06PM Dell First Quarter Earnings Sneak Peek at Wall St. Cheat Sheet 02:51PM InPlay: Nasdaq Comp -42
dips to new session low, Dow -97 and S&P -13 hovering just above their lows
Briefing.com 02:39PM Who's A Broker's Best Friend In Facebook IPO? at The Wall Street Journal 02:38PM Continued European Concerns Sink Bullish Sentiment Near
Two-Year Low at Forbes 02:13PM NY Fed: Median Dealer Forecast First Fed Hike in Q3 2014 at The Wall Street Journal 02:08PM Gundlach: Apple Short Idea Has 'Monster Legs' at The Wall Street Journal 01:29PM Fed's Bullard Backs Splitting Up Large Banks at The Wall Street Journal 01:18PM InPlay: Additional
upticks off midday low for stock indices -- Dow -56 bounced as much as 50
points, S&P -6.9, Nasdaq Comp -23 Briefing.com 01:05PM What's a Pinterest Worth? About $1.5 Billion at The Wall Street Journal 01:01PM 'One Recession Away' From Next Bull Market John Mauldin at The Wall Street Journal 12:44PM European Misery vs. U.S. Improvements - Will Europe Sink U.S.
Markets? ETFguide 12:11PM Facebook-Owning Funds Slump Ahead of IPO at The Wall Street Journal 12:08PM Facebook-Owning Funds Slump Ahead of IPO at The Wall Street Journal 12:05PM InPlay: S&P -11 and
Dow -85 join Nasdaq Comp -37 at new session lows Briefing.com 12:01PM Philly Fed Undercuts the Growth Picture at The Wall Street Journal 11:41AM Senator Asks About 'Unusual' Trading Ahead of Jobs Report at The Wall Street Journal 11:25AM InPlay: New session low
for Nasdaq Comp -24, Dow -46 and S&P -6.2 hovering near mid-point of bounce
attempt Briefing.com 11:20AM Whatever You Do, Don't Say 'Bank Run' at The Wall Street Journal 11:19AM Philly Fed Manufacturing Report Disappoints at The Wall Street Journal 11:05AM Best of the Blogs: How Will Going Public Change Facebook in
Year One? at
Minyanville 11:03AM Facebook IPO: Should You Stay Away? at The Wall Street Journal 10:57AM [video] Trader: We've Broken Key Technical Levels at TheStreet 10:48AM Facebook IPO: Should You Stay Away? at The Wall Street Journal 10:38AM Philly Fed Manufacturing Report Disappoints at The Wall Street Journal 10:35AM SPX, VIX, and RUT Updates: Market Placed on Dive Watch at Minyanville 10:14AM Philly Fed Manufacturing Report Disappoints at The Wall Street Journal 10:14AM The Right Way to Use the VIX to Profit and Avoid Losses at TheStreet 10:00AM InPlay: Stock indices
slide to new lows after weak data -- Dow -56, S&P -6, Nasdaq Comp -20 Briefing.com 09:44AM Secondary Sources: Greek Exit, Wisconsin Jobs, Chinese
Dissatisfaction at The
Wall Street Journal 09:36AM InPlay: Stock indices
slip back into the red after slightly firmer start -- Dow -14, S&P -1.5,
Nasdaq Comp -1.8 Briefing.com 09:35AM SPDR S&P 500 ETF and Bank of America Among Most Active
Stocks in Pre-Market Today on the NYSE at Minyanville
09:28AM Whatever You Do, Don't Say 'Bank Run' at The Wall Street Journal 09:25AM SPDR S&P 500 ETF and Bank of America Among Most Active
Stocks in Pre-Market Today on the NYSE at Minyanville
09:23AM Stocks to Watch: Wal-Mart, Sears Holdings, Dollar Tree at The Wall Street Journal 09:12AM Morning Links: Fears of Facebook IPO at The Wall Street Journal 08:55AM Pre-Market Primer: Jobless Claims Unexpectedly Increase,
JPMorgan Finds Another Billion Dollars Missing at Minyanville 08:37AM Vital Signs: Strong Industrial Production at The Wall Street Journal 07:56AM [video] Correction Continues as We Approach Macro Support at TheStreet 07:28AM 10 Things You Need To Know Before The Opening Bell Business Insider 07:16AM Stock ETFs: Brief Pullback or Serious Correction? ETF Trends 07:15AM Stock ETFs: Brief Pullback or Serious Correction? ETF Trends 07:14AM Stock ETFs: Brief Pullback or Serious Correction? ETF Trends 06:50AM Morning MarketBeat: Stocks Still Stuck in Rut at The Wall Street Journal 04:02AM Are the bears due for a win? at MarketWatch
AP Business
Highlights
...Yahoo Market
Update…
Infowars.com | Now is the time to put an end to Obama’s
treasonous and tyrannical behavior.
http://albertpeia.com/impeachobama.htm
Nancy Pelosi Wants to Amend the First Amendment Kurt Nimmo | When Pelosi says
“special interests,” she means interests opposed to establishment Democrats. [
Here’s a look at the pelosi / wobama styled new california ( 16 Reasons To
Move Away From California http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm ) . pelosi’s
incompetent / senile in that chronological order. At this point, wobama the b
for b***s*** is just incompetent but acts and seems as if he’s senile,
particularly with regard to previous things he’s said and prior promises that
he’s made. ]
Drudgereport: Obama: 'Sometimes I Forget' Magnitude of Recession…{
Oh! How conveniently forgetful, though the vast majority of americans don’t
have wobama’s luxury of feigned amnesia suffering from what wobama did and
didn’t do contrary to promises last time around the perpetual campaign trail
littered with his typical jive-talking b***s***! The following headline will
help him remember some of his sordid, pot-clouded high school past! }...
FLASHBACK: Obama's Sordid High School Past...
By Ben Shapiro ‘While the Washington
Post has been diligently digging into relatively innocent high
school pranks
by Mitt Romney, they’ve spent the last few years diligently ignoring President Obama’s
far more controversial high school days.Obama, by all accounts, was a habitual
drug user in high school. He tried cocaine, he admits in Dreams From My Father; he “tried drugs
enthusiastically.” The Chicago Tribune
reported back in 2007 that Obama thanked the “Choom Gang” in his high school
yearbook; “chooming” was Hawaiian slang for smoking pot. The Honolulu Advertiser reported that Obama’s
senior portrait “prominently displayed … A package of ‘Zig-Zag’ rolling papers
and a matchbook.” One of Obama’s close friends was arrested for drug possession
during high school.In his memoir, Obama talked about routinely getting high.
“Junkie. Pothead,” he wrote. “That’s where I’d been headed: the final, fatal
role of the young would-be black man.” But, according to Obama, he only got
high because he was contemplating deep matters: drugs could “push questions of
who I was out of my mind.” Obama told students in 2007 that this activity
constituted “goofing off” and “wasting time”:"I will confess to you that I
was kind of a goof off in high school as my mom reminded me," Obama said.
"I went to high school in Hawaii,
so there's a lot of opportunity to goof off because the weather is really good
all the time …"You know, I made some bad decisions …. You know, got into drinking
and experimenting with drugs. There was a whole stretch of time where I didn't
apply myself. It wasn't until I got out of … high school, and went to college
that I started realizing, man, I wasted a lot of time.”The New York Times, however, went out of its
way to find Obama’s classmates to testify that drugs played only a “bit
part” in Obama’s youth. Yet Obama would later brag on the campaign trail
that he “inhaled frequently … that was the point.”During his high school years,
Obama hung out with communist radical Frank Marshall Davis; in 2007, the Los Angeles Times reported that during
his high school days, “he felt the first stirrings of anger toward whites. He
says he also delved into black nationalism.” He was “offended or even enraged
when white classmates adopted black street slang or revealed their underlying
consciousness of his race by going out of their way to tell him how much they
admired a black musician or athlete.” This activity is certainly more
reflective of Obama’s ideological history than Mitt Romney’s pranks on teachers
and fellow students. And as for the drug use – well, that seems just a bit more
serious than walking a teacher into a door or cutting a student’s hair. But
leave it to the Post to ignore
or downplay all of that in favor of continuing stories about Romney’s dog, his
high school hijinks, and whatever other nonsense they can use to protect
President Obama from his own incompetence.’ Ben Shapiro is Breitbart News Editor-at-Large. Follow him on
twitter @benshapiro.
Cracks
in the Washington Post story on Romney’s ‘pranks’ emerge
Correction
Request: Washington Post Uses Falsehood in Romney Hit Piece
Media
Downplays Obama's Past, Tries to Define Romney with Teen Prank
If we're going to delve deep into a candidate's past, let's delve deep into a
candidate's past. Here's Obama in his own words admitting to physically shoving
a little girl named Coretta. Yes, it was at this moment that the first
shot in the War on Women was fired.http://albertpeia.com/obamashovesgirl.png
No doubt that after expending all that energy
bullying an innocent little girl, young Obama readied himself for round two by
eating a Golden Retriever. More on this breaking story here.If
you're wondering what the rules are regarding a candidate's past; how far back
we're allowed to go in an attempt to define them -- the answer is simple: the corrupt
media will let us know.
Washington
Post Disgraces Itself By Targeting Romney's 'Anti-Gay' High School Pranks by Ben
Shapiro { It is true! The once great now failed newspaper, the washington post, is an absolute disgrace! But a shadow of its former self, the post is biased presumably owing to shared desperation with the failed
president wobama in return for access. So egregious had the bias become wherein
‘sensitive’ commentary antithetical to wobama and his, seldom seemed to work/post properly; and, then of course, the post’s
pro-wobama perpetual darkness-induced blind ‘constituency’. I stopped posting there and have not
visited their site since nor will I ever
again. A rather pathetic swansong / end
/ wind-down / final chapter for what was once a great
newspaper for which I had the utmost regard and respect! }
Obama WILL NOT pursue gay marriage as part of party
platform...
STONE: 'Playing a
cruel and cynical game'...
Unites Republicans?
New Black Panther Niggers Plan Newspaper Cover With
Zimmerman In Noose { and civilized people everywhere should respond with
niggers in nooses and contributions to the Klu Klux Klan! } ...
LOONEY CLOONEYLAND: BIG CAMPAIGN BOXOFFICE FOR NIGGERO
– Meanwhile, looney clooneyland ain’t doin’ so well with the niggero model –
see next headline! ...
Failed
Wobama model illustrated: 16 Reasons To Move Away From California http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm
Postal Service loses $3.2b in first quarter...
78% of California 8th graders fail national science
test...
_______________________________________
{ some prior links of current
interest }