Business Summary Links By Day
So
stepping aside from the biggest aggregator of private data for a few minutes,
and focusing on what actually matters,
here is Citigroup telling our European readers who have those fancy
multi-colored bills in their wallets, that they are in deep trouble.
To
summarize from Citi:
As
The Chinese Car "Channel Stuffing" Bubble Pops, "Debilitating
Price Cuts" Arrive The fact
that GM's "stunning" car sales have been in no small part driven
exclusively by its eagerness to stuff dealers with unsold inventory, aka channel stuffing, is well known to
Zero Hedge readers - we have been covering
the subject for over a year now. What we did not know, yet what in
retrospect is so glaringly obvious, is that the GM ploy of fooling the dumbest sellside analysts and investors all the time has now gone
global. And while channel stuffing may have worked for a while, it is now
starting to bite back. Bloomberg reports: "Chinese dealers are struggling
with the rising number of unsold cars that’s threatening to deepen price cuts,
according to the nation’s biggest automobile dealers’ association. Dealerships
for Honda Motor Co., Chery Automobile Co., BYD Co.
and Geely Automobile Holdings Ltd. carried more than 45 days of inventory as of the end
of April, exceeding the threshold that foreshadows debilitating price cuts,
Su Hui, vice president of the auto market division at
the state-backed China Automobile Dealers Association, said in an interview
yesterday. Unsold cars are crowding dealer lots in cities
from
18-May-12 09:33PM 5 Reasons Why the Facebook IPO is
Insane and Dangerous ETFguide
09:32PM The Week Ahead: When Will the Selling End? at Forbes 07:16PM Q&A: Lessons on Central Banking From Bank of England's
Posen at The Wall
Street Journal 06:33PM Q&A: Lessons on Central Banking From Bank of England's
Posen at The Wall
Street Journal 06:20PM The Bears Are BackBut For How Long?
at Wall St. Cheat Sheet 06:04PM Hewlett-Packard Second Quarter Earnings Sneak Peek at Wall St. Cheat Sheet 05:26PM Stocks Fall Again; Blame Facebook
at Barrons.com 05:24PM Train Reading: Those Facebook Funds
Aren't Looking So Hot at
The Wall Street Journal
05:12PM Facebook IPO: Put It In the Books
at The Wall Street Journal 05:05PM UPDATE 1-Facebook IPO averts 'odd lot' question at Reuters 04:59PM Next Week's Tape: It's the Spring Selling Season! at The Wall Street Journal 04:59PM Live Blogging Facebook's Close at The Wall Street Journal 04:30PM Is an Oversold Rally in the Works? at Minyanville 04:23PM May 18, 2012 Market Summary at Investopedia 04:03PM Potential Middle Path for Further Fed Stimulus at The Wall Street Journal 04:00PM STOCKS TANK AND FACEBOOK FLOPS: Here's What You Need To Know
Business Insider 03:55PM Buzz on the Street: Facebook Comes to
Town and Fails to Save the Day for an Exhausted Market at Minyanville 03:41PM Facebook IPO: A View From the
Trenches at The Wall
Street Journal 03:40PM Facebook IPO: Relive the Delay! at The Wall Street Journal 03:33PM Live Blogging Facebook's Close at The Wall Street Journal 03:29PM Barney Frank Weighs In on J.P. Morgan Loss at The Wall Street Journal 03:28PM Facebook IPO: A View From the
Trenches at The Wall
Street Journal 03:23PM TD Ameritrade: Facebook Made Up More
Than 1/4 of Our Trading Volume at The Wall Street Journal
03:02PM Facebook IPO: Relive the Delay! at The Wall Street Journal 03:02PM Someone Thinks Facebook Is a Sell
at The Wall Street Journal 02:51PM Someone Thinks Facebook is a Sell
at The Wall Street Journal 02:42PM Helpful Advice for Facebook
Millionaires at The
Wall Street Journal 02:29PM Nearing A Bottom On Gold at Seeking Alpha
02:23PM Meanwhile, the Rest of the Market Is Still Selling Off at Barrons.com 02:22PM Facebook's IPO averts questions over
'odd lots' at Reuters 02:11PM Hewlett-Packard Second Quarter Earnings Sneak Peek at Wall St. Cheat Sheet 02:08PM Navigating S&P 500 Sectors In Troubled Markets at Seeking Alpha 01:54PM InPlay:
Stock indices slip back further off midday bounce highs -- Dow -40, S&P
-4.4, Nasdaq Comp -18 Briefing.com 01:46PM 5 Reasons Why the Facebook IPO is
Insane and Dangerous ETFguide
01:30PM What Is the Most Likely Scenario If Greece Exits the Eurozone? at Minyanville 01:22PM Fed's Idea of 'Exceptionally Low' Still Under Debate at The Wall Street Journal 12:18PM Economists React: What if Greece Exits the Euro Zone? at The Wall Street Journal 12:13PM Live Blog: Facebook's Trading Debut
at The Wall Street Journal 12:06PM Market Swings Lower After Facebook
IPO at Barrons.com 11:57AM Live Blog: Facebook's Trading Debut
at The Wall Street Journal 11:51AM Jobless Rates Fall in Swing States at The Wall Street Journal 11:21AM Live Blog: Facebook's Trading Debut
at The Wall Street Journal 11:11AM InPlay:
Choppy trade persists as stock indices drift back toward flat line following
limited upticks -- Dow +14, S&P +3, Nasdaq Comp
+1 Briefing.com 10:50AM InPlay:
Minor upside for stock indices after choppy first hour -- Dow +29, S&P
+4.9, Nasdaq Comp +8.9 Briefing.com 10:45AM Live Blog: Facebook's Trading Debut
at The Wall Street Journal 10:45AM U.S. Stocks: the Social Rally? at The Wall Street Journal 10:28AM Crazy But True: A $4,000 Facebook
Limit Order at The
Wall Street Journal 10:27AM Bank of England's Posen Named to Lead Peterson Institute at The Wall Street Journal 10:23AM Secondary Sources: Greek Exit, Mortgage Mess, Inflation
Targeting at The Wall
Street Journal 10:10AM Facebook IPO Remakes 2012 Scorecard
at The Wall Street Journal 10:08AM Facebook IPO Remakes '12 Scorecard
at The Wall Street Journal 10:07AM Bank of England's Posen Named to Lead Peterson Institute at The Wall Street Journal 10:05AM Facebook IPO: Wall Street Preps for
Heavy Trading Volume at
The Wall Street Journal
09:51AM Hewlett-Packard Second Quarter Earnings Sneak Peek at Wall St. Cheat Sheet 09:49AM Facebook IPO Comes Amid 'Very Sloppy
Week for Markets' at
The Wall Street Journal
09:45AM SPX Update: 81 Points of Profit Captured as the Market Hopes
for a 'Facebook Bounce' at Minyanville 09:40AM InPlay:
Limited upticks in opening trade and a pause -- Dow +3, S&P 1.9, Nasdaq Comp -2 Briefing.com
09:30AM Major Long-Term Bottoms Forming in Gold and Commodities at Minyanville 08:50AM ETF Spotlight: Inflation Protection ETF Trends 08:46AM U.S. Stocks: the Social Rally? at The Wall Street Journal 08:44AM Morning Links: Facebook IPO Day
Finally Here at The
Wall Street Journal 08:39AM Vital Signs: Leading Indicators Slip at The Wall Street Journal 08:26AM 10 Things You Need To Know Before The Opening Bell Business Insider 07:23AM Morning MarketBeat: Facebook IPO No Sign of the Times at The Wall Street Journal 03:36AM Forget Facebook, stocks are at
serious risk at MarketWatch
03:16AM Highest close for VIX since December optionMONSTER
Spain
Crisis Rocks Europe, Bank Credit Ratings Downgraded
The Independent | Eurozone crisis is exacerbated by Moody’s downgrade of 16
Spanish banks.
18
Signs That The Banking Crisis In Europe Has Just Gone
From Bad To Worse
The Economic Collapse | With each passing day, the banking crisis in
6-Fold
Increase in Americans 55 or Older Unemployed 6 Months or Longer
CNSNews.com | Concerns
are growing about their retirement income.
Will
The European Union Destroy Itself Just To Save The Euro?
Zero Hedge |
Must-watch clip to comprehend the ‘game’ occurring in
Bono
will be very, very rich by 4 p.m. EST today
Taylor Bigler | Facebook’s IPO could make Bono the wealthiest rocker in the
world.
Panic
Withdrawals At Santander Bank After Credit Downgrade
UK Daily Mail | Millions
of British bank customers felt the effects of the eurozone
turmoil today as
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
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
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
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{ some prior links of current interest }