Business Summary Links By Day
GOP: Ruling will hurt swing-state Dems in November { This may seem somewhat counterintuitive and a bit of a
rationalization; but, it is absolutely true. So true in fact, that wobama will come to be compared to Pyrrhus of Ephyrus (W. Greece) since realization of what this
legislation won’t do for americans and the economy
and what it actually does will not have the galvanizing effect that striking
the bill down would have had on voters who were thinking ‘another free lunch
from the government’ will save them (we all now know better, no such thing).
Yes, in somewhat European tradition, defacto bankrupt
america
is keeping up with the (ie., rating agencies Egan) Joneses. After all, we all know how
well this European program model is working out for Europe
(and any other nation that’s tried it). In the final analysis, this and such
programs as the contraindicated bailouts for the unprosecuted frauds on wall
street, etc., will prove to be the ‘camel-back breaking’ moment for america; and, a pyrrhic victory for the egregiously failed
president wobama.
America’s
debt woe is worse than Greece’s News (CNN) — ‘Our government is
utterly broke. There are signs everywhere one looks…The government’s total
indebtedness is $211 trillion’ … }
, Jaw-dropping switch saves 'Obamacare' ‘In his White House
memoir, “Courage and Consequence,” Karl Rove recalls being the lone non-lawyer
among the group of George W. Bush aides who initially interviewed John Roberts
for the Supreme Court in 2005. Rove asked Roberts to go back in history to name
the justice whom he most revered. Roberts’ answer, Robert Jackson, intrigued
and reassured Rove. When appointed in 1941, Jackson was serving as Franklin Roosevelt’s
attorney general and had been expected to be a pro-New Deal rubber-stamp on the
court…’ { I’d
say that, like wobama, Roberts on an
attention-starved court of meaningfully lawless rules in a meaningfully lawless
nation was just looking for a legacy to hang a hat on! So, while we’re all getting ‘greeked’, let’s get really greecey
and immerse ourselves in greek
lore and in potus and scotus
being the modern day equivalents of scylla and charybdis. } , House holds Attorney General Eric Holder in contempt of
Congress , Suckers’ algo rally into the close to keep suckers sucked in for
month, quarter, half window dressing (manipulated stock prices, oh my!) - As
per Dave (Dave’s Daily: http://www.etfdigest.com )‘… But a late day rally on
an old Bloomberg story that Italy
and Spain
might get some short-term help launched algo buy
programs late. Another story from the
BBC indicates more of the same—some short-term support for Spain and Italy to buy time. But at the end
of the story note how determined Merkel remains. What happened was a 50K block
of S&P 500 e-mini futures contracts (or around $3.3B notional equivalent)
was enough drive the nominal price index up 1% to close the day-session almost
green...’ , 15
Reasons Why The Obamacare Decision Is A Mind Blowing Disaster For America http://albertpeia.com/15reasonsobamacareisadisaster.htm , 17
Reasons To Be EXTREMELY Concerned About The Second Half Of 2012 http://albertpeia.com/17reasonssecondhalfworse.htm
,
Drudgereport: MICHAEL
SAVAGE: 'ROBERTS EPILEPSY MEDICATION AFFECTS HIS COGNITION'...
FLASHBACK
NYT: Roberts drugs 'can have troubling side effects, mental slowing and
forgetfulness'... { Wow! Who woulda thunk it, known it! I
certainly didn’t know of roberts’
condition. And, yes, the effects of said drugs are significant, serious as set
forth above and over time particularly, debilitating. Roberts should step down,
not that the u.s. supreme
court is some font of reason, sound judgment, and wisdom. Indeed, quite the
contrary is true. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm }
SUPREME
COURT RULES:
OBAMACARE
STANDS...
Mandate
survives AS A 'TAX'...
Chief
Justice Roberts joins left of the Court...
'It is not
our role to forbid it, or pass upon its wisdom or fairness'...
.PDF OF
OPINIONS
Dissent: 'We
Cannot Rewrite the Statute to Be What It Is Not'...
FLASHBACK:
Obama: Mandate is NOT A TAX...
VIDEO...
RUSH
LIMBAUGH: 'WE NOW HAVE THE BIGGEST 'TAX' INCREASE IN HISTORY OF THE WORLD'...
21 TAX
INCREASES...
Did Justice
Roberts change his vote at last minute?
George Will:
Conservatives' consolation prize...
Republican
governors vow to ignore Obamacare...
HOUSE REPEAL
VOTE SET FOR WEEK OF JULY 9...
Speaker
Boehner: 'Ruling underscores urgency'...
MCCONNELL: 'Sold to American
people on a deception'...
If
You Are Basing Your Investment Decisions on This, You Might Want to Rethink
Things June 28, 2012 By gpc1981 http://albertpeia.com/hopiumover.htm , Full
EU Summit Statement (In All Its Conditional Wishy-Washy
Glory) ZeroHedge.com 6-28-12 The early Friday morning release of an
entirely conditional 'plan' for a 'plan' that will likely require the ESM contracts to be torn up and a
new contract to be re-ratified (by ALL members - including Finland and Germany),
due to the stripping of the ESM seniority via the EFSF 'workaround', was
high-fived by any and all EU leader still standing. Is it any wonder (given the
conditionality and ratifications required) that the best the market could
manage, on what is now obviously nothing
but yet another watered-down talking-point ridden 'promise-of-more-to-come'
plan (as opposed to the impossible becoming possible as Ireland's Kenny so
eloquently described it), is a 1% pop in US equity futures. , Juncker 'Hoped For More' As Italy And Spain (Oh, And
Ireland Now) Get (To Share Same-Size) 'Band-Aid' , Mike
Krieger: Where Food Stamps Go to Die
, California
Is Not Spain, Uganda, Or Greece; But Stockton Sure Is: Largest US City
Bankruptcy Is Now Official , Obama On The Topic Of
Mandates Earlier, we
presented a slightly more idealistic, slightly less gray, slightly less
mathematically challenged version of the president talking to ABC's George Stephanopolous on the topic of whether or not the
Affordable Care Act should be treated as tax. Obama said "I absolutely reject that notion".
The Supreme Court, however, whether with a last
minute change of heart by Chief Justice Roberts for whatever reasons, or
not, disagreed in what ended up being a shocking hail mary
effort, and essentially said that Obama's entire spin campaign of Obamacare as 'not a tax' is wrong, in the process making Obamacare constitutional but also making it the largest tax
increase in the history of the US… , Spain Back Over 7% , Guest
Post: Q1 GDP - Consumer Weaker As Weather Saves The Day , Update:
Germany Just Said, You Know It, Nein; Eurobeggars
Continue To Be Choosers; ..In other words, beggars continue to be choosers,
as Italy and Spain will not agree on getting aid (!) until Germany relents
on buying their bonds. There was a reason why in the summer of 2011 we said
that as the Game Theory equilibrium shifts to defection, he who defects first,
defects best. Well, Greece
is now leaps and bounds ahead of everyone as the global ponzi
unravels. And so the posturing for second place is now on. We can't wait for
the official German response, to both this, and to the loss by Italy in
Euro2012. Peak idiocy.
, Stocks
Don't Even Need A Rumor To Surge Now
Stocks just surged over 1% off their lows on absolutely no news
whatsoever. The Merkel news was minutes ago (and how is that
in any way positive) and the JPM news is old and irrelevant... This is simply
ridiculous... they are on their own from a cross-asset perspective and just
touched yesterday's closing VWAP which feels very algo-exit-driven... , Congress
Finds AG Holder In Contempt , Biderman On Biflation And 'After
The Endgame' "What happens when
the Bernanke Put dies?" is the salient question that Charles Biderman of TrimTabs asks and
answers in today's effusive excursion into a market that will face both
deflation and inflation. In response to the question of what happens after the
current miasma of markets ends, Biderman opines that
assets will deflate - once the Bernank's constant
handing over of trillions to bankers is done, equity and bond prices will deflate and commodity prices will inflate.
Nominal USD-priced commodities will soar against a deflating currency as asset
prices for everything else will deflate. Concerned, just as we have been, that
outbreaks of violence will occur in Europe as their 'safety net' unravels,
Charles adds that while the US faces turmoil, Europe will get their ahead of us
as "their entire
welfare-state-based economies will need a do-over". He
does offer a silver-lining for the post-modern world with some thoughts on the
productivity boom (and not just leverage) that an online world will bring and
while he believes US housing has bottomed for the lowest 2/3rds of the
population, he remains extremely
cautious on equity prices and their inevitable crash.
28-Jun-12
09:01PM U.S. Bulls STAMPEDE Higher Into Close at Wall St. Cheat Sheet 06:16PM U.S. Bulls STAMPEDE Into Closing BELL at Wall St. Cheat Sheet 04:25PM Is Obamacare Tax Killing Stocks? at Forbes 04:00PM MARKETS MAKE HUGE COMEBACK: Here's What You Need To Know Business Insider 03:24PM InPlay:
Dow -118 and S&P -12 vacillating near their midday rebound highs -- Nasdaq Comp -47 Briefing.com
03:02PM InPlay: Sector weakness in financials & banks (XLF),
and technology (XLK) pressures the SPX to new session lows here; SPX now @
1313.53 -18.32 (-1.4%) Briefing.com 01:58PM Profit From Baidu's Plunge With
Options Plays at
Forbes 01:53PM Is Obamacare Tax Killing Stocks? at Forbes 01:35PM Will The Market Fall off Its Treadmill? at Motley Fool 01:31PM InPlay:
Nasdaq Comp -46 set a fractional new low but Dow -136
and S&P -14 continue to vacillate in a range near their midday rebound
highs Briefing.com 01:23PM 2 High Yields for Turbulent Times at Forbes 11:59AM Index, ETF option volumes near midday optionMONSTER 11:40AM Index, ETF option volumes near midday optionMONSTER 11:34AM Index, ETF option volumes near midday optionMONSTER 11:30AM InPlay:
Dow -133 edges roughly 30 points off low -- S&P -13, Nasdaq
Comp -39 Briefing.com 10:41AM [video] Market Not Slammed on Health Care Ruling at TheStreet 10:27AM How to Perform Technical Analysis on the VIX at TheStreet 10:17AM InPlay:
Dow -123 and S&P -11 set new lows, Nasdaq Comp
-30 approaching its low Briefing.com 09:33AM iShares MSCI EAFE Index and SPDR
S&P 500 ETF Most Active Stocks in Pre-Market Today on the NYSE at Minyanville 09:20AM iShares MSCI EAFE Index and SPDR
S&P 500 ETF Most Active Stocks in Pre-Market Today on the NYSE at Minyanville 09:10AM Pre-Market Primer: Euro Drops Ahead of Brussels Summit,
JPMorgan Loss Might Hit $9 Billion at Minyanville 09:09AM The Great Depression II: Five Ways To Survive at Forbes 08:53AM Family Dollar Stores Earnings: Fifth Quarter of SHRINKING
Margins at Wall St.
Cheat Sheet 08:51AM [video] JPMorgan and EU Headlines Impact the Market at TheStreet
Flashback:
Neurosurgeon Told Death Panels Will Decide Who Deserves Surgery
Infowars.com | Aging
Baby Boomers better get political and fast.
Supreme Court
Upholds Mandate as Tax
wsj.com | People
must show when they file tax returns for 2014 that they had coverage during
that year or pay a tax penalty.
The Truth Behind Pensions with Carl Herman
Prisonplanet.com | Infowars Nighly News host Aaron
Dykes speaks with blogger Carl Herman.
With
Total Viewers Sliding To 7 Year Lows, Is CNBC Fading Into Obscurity?
Zero Hedge | Total Q2
CNBC viewership as calculated by Nielsen, has tumbled to to
the lowest it has been since Q3 2005.
Says
It Ain’t So Joe: “IT’S A DEPRESSION” *Video Biden vs.
Obama*
Mac Slavo | While the
President, his czars and inner circle experts promise Americans that we are
well on our way to recovery, Vice President Joe Biden isn’t so sure.
‘Audit the
Fed’ bill advances in House
Washington Times | It
passed by voice vote, signaling the growing sense among lawmakers that the time
has come for a full review.
AP Business
Highlights
...Yahoo Market
Update…
Compendium of
Important Business / National / World News / Topics / Articles / Headlines
http://albertpeia.com/articlelinkspage3.htm
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. ]
Wobama’s Choom Gang Bangin’ { This
brief video (11 mb) is well done and worth a
watch! }
http://www.albertpeia.com/wobamaschoomgangbangin.wmv
PAPER:
Obama's grandfather tortured by the British? A fantasy (like most of the
President's own memoir)... { http://albertpeia.com/wobamaschoomgangfantasy.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 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 }
