Business Summary Links By Day
Obama's Five
Trillion Dollar Lie http://albertpeia.com/obamas5trilliondollarlie.htm { I disagree to the extent that this economic
scenario is posited as anything but presently already in depression in real
terms when taking into account real inflation numbers. 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 .. “the
new recession has started.”… Over the past 33 years, we have called the start
of every recession..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..is
now more than 11%. Using that to adjust GDP for inflation, would show that the
economy is now in a very sharp contraction…’ } , Neither
the Fed Nor the ECB Will Be Able to Stop What’s Coming http://albertpeia.com/fedecbcantstopcomingcrash.htm , Jim
Cramer Is Predicting Bank Runs In Spain And Italy And Financial Anarchy
Throughout Europe http://albertpeia.com/bankrunsspainitalyeuropeanarchy.htm { The one ‘glass half-full’ thing that’s
going for them is that perma-bull Cramer is so wrong,
so often, in very big ways; yet, realistically one must admit that if cramer’s saying so, it’s many times worse! } , The Rise
Of Nationalism Will End the Euro Before Summer’s End http://albertpeia.com/eurosend.htm , Facebook
IPO Post-Mortem For Dummies ZeroHedge.com , Forget
The "Bazookas": Here Come The "Tomahawks" And
"Howitzers" - An R-Rated Walk Thru The Greek Endgame "So lets "run" through the mechanics of a
Greek bank run. ... The end is of course ECB printing, Eurobonds
and every developed market central bank dumping massive liquidity into the
global financial markets as systemic risks rise - QE, LTROs, Currency swaps,
and every funding facility under the sun come into play. The
path to this end game will be bumpy, but make no mistake, the developed market central banks will dump so much
fiat on the system to cover the losses, that risk free real rates will plummet
to levels so negative that anyone left holding cash or cash equivalents will
see massive destruction of real wealth. , China
Can Now Monetize US Debt Directly
, The
Elephant In The Room: European Capital (Out)flows And Another €215 Billion In
Spanish Deposit Flight , Guest
Post: Americans Want Smaller Government And Lower Taxes , Blast
From The Past: SNL Explains Wall Street
Just because few have captured the essence of Wall Street quite like the
following "Straight talk with Global Century" SNL skit from the
recent past, which reminds us that the more things change, the more they stay
the same: a timely reminder in the aftermath of the FB bloodbath. , Guest
Post: Feedback, Unintended Consequences And Global Markets All models of non-linear complex systems are crude
because they attempt to model millions of interactions with a handful of
variables. When it comes to global weather or global markets,
our ability to predict non-linear complex systems with what amounts to
mathematical tricks (algorithms, etc.) is proscribed by the fundamental limits
of the tricks. Projecting current
trends is also an erratic and inaccurate method of prediction.
The current trend may continue or it may weaken or reverse. "The Way of
the Tao is reversal," but gaming life's propensity for reversal with
contrarian thinking is not sure-fire, either. If it was that easy to predict
the future of markets, we'd all be millionaires. Part of the intrinsic uncertainty of the future is
visible in unintended consequences. The Federal Reserve, for
example, predicted that lowering interest rates to zero and paying banks
interest on their deposits at the Federal Reserve would rebuild bank reserves
by slight-of-hand. Banks would then start lending to qualified borrowers, and the economy would recover strongly as a
result. They were wrong on every count. , Neither
the Fed Nor the ECB Can Stop What's Coming : Phoenix Capital... : 05/21/2012 The two biggest market props of the last two
years: the Fed and the ECB have found their hands tied. What will follow will
make 2008 look like a joke. On that note, if you have
not taken steps... http://albertpeia.com/fedecbcantstopcomingcrash.htm , Paul
Krugman’s Economic Blinders : ilene
, Bipartisan
Congressional Bill Would Authorize the Use of Propaganda On Americans Living
Inside America : George Washington : 05/21/2012 Because Banning Propaganda “Ties the Hands of
America’s Diplomatic Officials, Military, and Others by Inhibiting Our Ability
to Effectively Communicate In a Credible Way” http://albertpeia.com/creepingfascismpropaganda.htm http://albertpeia.com/targetinguscitizens.htm , "The
Mourning After" - Argentina Is On The Greek Side, But Why Is The IMF
Holding It Hostage? , Forget 'GREXIT';
Meet 'GEURO' , FadeBook Enters Bear Market; -20% From Highs , Chinese
Buyers Defaulting On Commodity Shipments As Prices Plunge , JPM
Halts Share Repurchase Program , The
One Chart US Banks Don't Want You To See Three years ago, the government in
all its glory and sound central-planning decided to provide a fully-FDIC-backed
facility to allow banks to raise capital at ultra-cheap cost of funds in the
middle of the crisis. The Term-Loan-Guarantee-Program (TLGP) has not been far
from our thoughts but the next month or so is going to be increasingly
anxiety-inducing for the banks that took advantage of that bailout. By the end of June 2012 (i.e. the next six weeks)
there is almost $60 billion of TLGP debt that matures for US banks
(and will need to be refinanced we assume). This $60 billion has an average cost of funds of 0.3% (that is yield NOT
spread) which when compared to the 3.5% - 4% cost of funds for mid-dated US financial
debt currently (average CDS around 230bps) means a more than
10x increase in funding costs for this segment of their debt. Of course there
are yield-hungry ETF-buyers to be satisfied (note LQD can soak this up and few
retail investors realize just how exposed LQD - the investment-grade ETF - is
to US financials) and so we expect them to get this off but it can only
pressure spreads wider as supply dominates demand in this risk-averse market
environment. , FaceBook Under $38 As Artificial
Underwriter Support Ends
Facebook Shares Fall Below IPO
Offering Price
cnbc.com | Facebook shares sank on Monday without the full support of
the company’s underwriters.
Recovery or Collapse? Bet on Collapse
Paul Craig Roberts | The US financial system and, probably, the financial system
of Europe, like the police, no longer serves a useful social purpose.
JPMorgan’s
Potential Trading Loss Just Keeps Spiraling Higher
Business Insider | When
JPMorgan first announced that its CIO office had blundered into a huge trading
loss, the number was pegged at $2 billion, though the company said it could go
higher.
Iranian
economic minister: Sanctions to send oil ‘considerably higher’ than $100 per
barrel
Daily Caller | Iran’s
government is warning of dire consequences if the European Union goes ahead
with its planned total embargo of Iranian crude oil purchases.
Jim
Cramer Is Predicting Bank Runs In Spain And Italy And
Financial Anarchy Throughout Europe
The
Economic Collapse | During
an appearance on Meet The Press on Sunday, Jim Cramer of CNBC boldly predicted
that “financial anarchy” is coming to Europe. http://albertpeia.com/bankrunsspainitalyeuropeanarchy.htm
German
finance minister: Greece ‘needs austerity programs’
AFP | German Finance Minister Wolfgang Schaeuble said cash-strapped Greece needed to implement EU and
IMF-imposed austerity measures.
The Top 50
Excuses For Not Prepping
The
American Dream | With
the way that things are heading in this country, it is not surprising that
there are approximately 3 million preppers in the United States
today. http://albertpeia.com/top50excusesfornotprepping.htm
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 }
