Business Summary Links By Day
21
Signs That This Could Be A Long, Hot, Crazy Summer For The Global Financial
System http://albertpeia.com/21signsbadsummerforglobalfinancialsystem.htm
,
The EU’s Systemic
Risk: Why This Time IS Different http://albertpeia.com/eusystemicrisk.htm
, Dave’s Daily: http://www.etfdigest.com FORCING THE FED’S HAND 6-4-12
‘Trading desks and hedge funds may just keep driving equity prices lower until
the Bernanke led Fed responds with the QE3 they want. It seems another round
may work temporarily to resuscitate the patient but it also just may flop, a la
Facebook (FB). Or, can you go to the well three times
and expect the same results? Further buying longer dated Treasury bonds now at
these levels may cause the Fed to lose money on them down the road. But, “down
the road” seems to be the modus operandi for politicians and officialdom these
days. There’s an election to be won, elected jobs to hold, the power that comes
with it, not to mention the goodwill (money) that accrues to whichever power
base wins. Yes, it’s easy to be cynical about this.The
Bernank may give us a hint of what’s to come with his
congressional testimony Thursday. The lights are burning bright late into the
night at 33 Liberty.Economic news continues to be
awful. Chinese non-manufacturing data sank to 55.2 from 56.1. The Tokyo stock market is at a
28 year low. Eurozone Investor Confidence (Sentix) fell to -28.9 matching the lows from 2009. The NY
Mfg ISM data collapsed to 49.9 versus 61.2 previous and Factory Orders fell to
-.6% with the prior revised lower to -1.1%.Despite all of the
bad data markets were able to maintain their composure and close mostly
unchanged on Monday. The dollar (UUP) was slightly lower as a
short-squeeze occurred in the euro on little news. Leading markets higher
throughout the day was tech (XLK) while bonds (IEF) took a break and financials
(XLF) remained weak. Commodity markets (DBC, USO and even JJC) were able to
turn things around late and close mildly positive.Volume
continues to run higher and breadth per the WSJ remained mixed to negative…’ , 1.6
Trillion Dollars More Debt: Fiscal Conservatives Have Been Raped By The
Democrats, The Democratic Party, as well as The Republican Party
http://albertpeia.com/onepointsixtrillionmoredebt.htm , 10
Things That We Can Learn About Shortages And Preparation From The Economic
Collapse In Greece http://albertpeia.com/10thingswecanlearnpreparefromgreekeconomiccollapse.htm , As
Soros Starts A Three Month Countdown To D(oom)-Day,
Europe Plans A New Master Plan ZeroHedge.com Tyler Durden ‘…Suggestions targeting
a fiscal, banking, and political union, as well as structural reforms, are
being worked out..." Less than credible sources report that Spiderman
towels (which are now trading at negative repo rates) and cross-rehypothecated kitchen sinks are also key components of all
future "master plans"
which sadly are absolutely meaningless since the signature of Europe's
paymaster - the Bundesrepublik - is as usual lacking…’
, AIG's Benmosche, Speaking From
His Seaside Villa, Says World Will Need To Retire At 80 , Guest
Post: An Example Of Why This Country Is Headed In The Wrong Direction ‘…Obama
was at a Minneapolis-area Honeywell plant touting his economic recovery
credentials to cheering disciples. One of the excited faithful was a young
boy, fifth-grader Tyler Sullivan, who took the day off from school to hear
the President speak. The President was full of the usual bombast about how
Congress needs to work with him to ‘build a strong economy’, and how he
wants to get $3,000 to everyone in the American middle class so that
people can go out and buy ‘thingamajigs’. Naturally, the crowd cheered. It
was the typical sort of gross misunderstanding of economic prosperity that
you see from politicians… and most people at this point...’ , Record
Number Of US Households On Foodstamps , Guest Post:
The Lie That Is Social Security The problems facing the U.S. economy
are daunting especially when it comes the issues of Government spending and the
current deficit. We recently wrote about the dependency
on Government programs which is
currently making up as much as 35% of personal incomes. Social Security,
Medicaid and Medicare make up the largest portions of the current spending
requirements of the Federal Budget. The current administration has promised
that cuts will not be made to government "entitlement"
programs but is that a promise that any administration can actually keep? When
it comes to Social Security the facts are rather alarming. By 2017 the Social
Security Administration will pay out more in benefits than it takes in. This is
not surprising given that in the 1950's there were roughly 5 workers for every
retiree. Today, it is roughly half of that. With 78 Million "baby boomers" moving into
retirement the demands on social security are set to spiral higher in the
coming years ahead. Is it really any wonder then that with demographics heading
in the wrong direction, not to mention a much slower growth economy, that the
Social Security Administration has moved up its estimate that the Social
Security Fund will be exhausted entirely by 2033? , Morgan
Stanley Has Lowest Close Since December 2008, Down 40% From Jim Cramer's
"Dirt Cheap" Level , Gold
Wins As Financials And USD Deteriorate
, Egan
Jones Downgrades The UK From AA To AA-
, The
Hoarding Continues: China Purchases A Record 100 Tons Of Gold In April From
Hong Kong , IrrAUSional
Exuberance , Guest
Post: A Central Bank Running Suicide? SNB Prints At Pace Not Seen Since EUR/CHF
Parity In August 2011 , Brussels... We
Have A Problem The following chart from Ray Dalio's Bridgewater
probably explains why the words "funding
gap" (or "math") will never be uttered by any Eurocrat as that would mean the jig is up. It is also quite
self-explanatory. , Dead
Bank Deja Vu? How The Sovereigns Killed Their Banks
& Why Nobody Realizes They're Dead , Unnatural
Disasters: Jobs, Wages, And Savings Econophile The employment numbers that came out
Friday were very bad and caught most economists and analysts by surprise.
Nothing the Fed has done has worked. Once again the ranks of the unemployed
grow, wages... , How
Much Further Can Financial Stocks Fall? It seems to us that the entire global
financial system continues to walk the tight-rope of public-confidence in
fictional reserve banking. Where it is European (or Chinese) bank runs or mega
losses at US bank non-proprietary businesses, it appears the credit market has
been becoming more and more fearsome of the endgame since last Summer's US
downgrade when S&P made the impossible possible. While not all of the US
financials have active CDS, the dependence between stocks and credit had
remained high with current CDS levels
inferring a drop of over 60% in XLF as the top 30 globally most systemically important financial
entities reach their March 2009 peak in riskiness once again. , Faber
On Europe's Dilemma And China's Hard Landing
‘…Faber then proceeds to state
his view that Europe is in a deepening
recession and more importantly that China is growing at a far lower
pace than official statistics would infer. Reminding viewers
that about 40% of US corporate profits are from outside the US and the 'vicious spiral chain reaction' from
slowing demand in China for industrial commodities has lagged effects on
producing countries and then aggregate demand globally, Faber fears broad-based
risk sell-offs but remains notably less
sanguine on US Treasuries.
, JPM's Tom Lee From May 2, 2011: "I Am Raising My 2011
S&P Target To 1475" ‘…anyone
who has listened to this person in the past has consistently lost money…’ , MF
Global Trustee May Pursue Claims Against Jon Corzine,
Could Sue JP Morgan , Goldman
Cuts Q2 GDP Forecast To 2.0% Following Miserable Factory Orders , Guest
Post: The We-Fixed-Nothing Chickens Are Coming Home to Roost , FakeBoom (facebook) Down 40% From Highs To New All-Time Low , Factory
Orders Add Insult To Economic Injury
, Another
Rumor Of A Plan For A Conference Call To Bail Out Everyone , Obama's
Latest Bailout Plan Summarized In 4 Words: "3000 Bucks For
Thingamajigs" For those who missed Obama's post-NFP
sermon on Friday, here is a summary of the Keynesian-in-Chief's latest plan to
fix the country: $3000 for everyone to buy "thingamajigs." We wish this was
a joke. , Art
Cashin: Mighty CTRL-P Has Struck Out
, The
Export-Driven Warmonger: Germany Supplying World, And Israel, With Submarines , America's
Transition To A Part-Time Worker Society Accelerates As Part-Time Jobs Hit
Record , Charting
May (Day): The Markets Hit A Brick Wall
, Why
A Grexit Would Make Lehman Look Like Childs Play , Big
factory orders miss on top of last week’s grim jobs data sends some of those in
the record dollar long position heading toward the exit. , US
factory goods orders -0.6% in Apr, well below market expectations of +0.3% vs big negative revision for Mar from -1.5% to -2.1%;
inventories unch.
04-Jun-12
07:08PM Your First Move For Tuesday June 5th at CNBC 06:54PM Today In Commodities: Mixed Trade Day at Seeking Alpha 05:58PM [video] Final Trade: Your First Trade Tomorrow at CNBC 05:50PM Market-Crushing ETFs at Investopedia 05:36PM Market-Crushing ETFs at Investopedia 05:25PM [video] Stimulus Hopes Rise Amid Heightened Eurozone
Distress at TheStreet
05:17PM [video] Stimulus Hopes Rise Amid Heightened Eurozone
Distress at TheStreet
05:04PM [video] Elliott Waves Still Look Ugly For Facebook,
Apple, Stock Market at
Forbes 04:33PM Egan-Jones Lowers UK Rating to AA- From AA at The Wall Street Journal 04:32PM Train Reading: Europe's 'Call Me Maybe' Approach at The Wall Street Journal 04:20PM Force Yourself to Buy Into This Market at Minyanville 04:10PM Force Yourself to Buy Into This Market at Minyanville 04:09PM Caterpillar Carried The Dow Up, Now It's Dragging the Dow Down
at The Wall Street Journal 04:09PM The J.M. Smucker Company Fourth
Quarter Earnings Sneak Peek at Wall St. Cheat Sheet
03:41PM Wal-Mart Shares Jump As Broad Market Struggles at The Wall Street Journal 03:28PM InPlay:
Stock indices slide back into the red -- Dow -37, S&P -3.3, Nasdaq Comp -0.06 Briefing.com
02:58PM Stock Investors Face a Cruel Summer Amid Selloffs, Slowdown
at The Wall Street Journal 02:26PM Carl Icahn Scores With Chesapeake Shake-Up at The Wall Street Journal 02:19PM One Crazy Summer: Soros Gives Germany Three Months to Fix
Europe at The Wall
Street Journal 02:19PM Starbucks Shares Get a Lift On Pending Announcement at The Wall Street Journal 02:12PM InPlay:
Stock indices vacillating near their bounce highs once again -- Dow -53,
S&P -5.7, Nasdaq Comp -9.5 Briefing.com 01:55PM China, the Ghosts of Tiananmen, and the Hard Landing at The Wall Street Journal 01:45PM JPMorgan's Other Messy Problem: MF Global's
Missing Money at
Forbes 01:15PM Fed Out of Bullets? It May Not Matter Either Way at The Wall Street Journal 01:12PM High Yield ETFs Swing to Hefty
Discounts at The Wall
Street Journal 12:57PM High Yield ETFs Swing to Hefty
Discounts at The Wall
Street Journal 12:18PM InPlay:
Slow slide off mid-morning bounce highs extended to new session lows -- Dow
-56, S&P -8.6, Nasdaq Comp -16 Briefing.com 11:40AM Index, ETF option volumes near midday optionMONSTER 11:33AM Index, ETF option volumes near midday optionMONSTER 11:05AM Stock ETFs Cant Shake Euro Fears ETF Trends 11:04AM Stock Selloff Steepens After Factory Orders at The Wall Street Journal 11:00AM InPlay:
Stock indices edge back to initial morning rebound attempt highs and pause --
Dow -10, S&P -2, Nasdaq Comp +3 Briefing.com 10:57AM Stock ETFs Cant Shake Euro Fears ETF Trends 10:53AM Stock ETFs Cant Shake Euro Fears ETF Trends 10:52AM [video] Trader: Low Volume Averts Market Collapse at TheStreet 10:38AM Soros: 3 Months to Euro Collapse Zacks 10:02AM InPlay:
Stock indices slip to new session lows following weaker data -- Dow -40,
S&P -5, Nasdaq Comp -7.2 Briefing.com 10:00AM That Sound You Hear Is The Market Falling at Seeking Alpha 09:57AM The great bond bubble joins the S&P at MarketWatch 09:52AM SPDR S&P 500 ETF and iShares MSCI
Emerging Markets Index Among Most Active Stocks in Pre-Market Today on the NYSE
at Minyanville 09:40AM SPDR S&P 500 ETF and iShares MSCI
Emerging Markets Index Among Most Active Stocks in Pre-Market Today on the NYSE
at Minyanville 09:35AM InPlay:
Stock indices firmer with Technology helping Nasdaq
Comp +18 pace the way -- Dow +19, S&P +4.1 Briefing.com 09:25AM Major Cycle Bottom in Gold and Commodities at Minyanville 09:12AM Morning Links: Buy Stocks Over Bonds? at The Wall Street Journal 09:05AM What Gold Is Telling Us About the Direction of Equity Markets
at Minyanville 09:05AM Pre-Market Primer: A European Banking Union Might Become a
Reality at Minyanville
09:04AM [video] Technically Speaking, the Signs Were in the Charts at TheStreet 07:33AM Can the U.S. Provide Relief for a Spain Shock? at Wall St. Cheat Sheet 07:23AM 10 Things You Need To Know This Morning Business Insider 07:15AM 10 Things You Need To Know Before The Opening Bell Business Insider 07:00AM Morning MarketBeat: Investors Brace
for More Volatility at
The Wall Street Journal
US
Factory Orders Post Surprise Fall in April
cnbc.com | Orders
for manufactured goods dropped 0.6 percent during the month.
1.6
Trillion Dollars More Debt: Fiscal Conservatives Have Been Raped By The Republican Party
The American Dream | What the
Republican Party has done to fiscal conservatives over the past year and a half
has been a betrayal so vast that it is difficult to find words to describe it.
Greek
Power Regulator Calls Emergency Meeting to Avert Collapse of Power Grid and
Natural Gas System
Mac Slavo | Today
it’s Greece.
Tomorrow it could be your hometown.
Obama’s
Latest Bailout Plan Summarized In 4 Words: “3000 Bucks
For Thingamajigs”
Zero Hedge | We wish this was a joke.
Three
Months to Save the Euro: George Soros
CNBC.com | Euro-zone
governments have around three months to ensure the survival of the single
currency, billionaire investor George Soros said in a speech on Saturday.
Tokyo Hits
28-Year Low Amid Global Rout
Reuters with CNBC.com | The Tokyo
market slumped to a 28-year low on Monday.
Greek
Power Regulator Calls Emergency Meeting to Avert Collapse of Power Grid and
Natural Gas System
Mac Slavo | When the
political and economic systems of entire nations collapse the consequences are
devastating.
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 }