Business Summary Links By Day
The
EU in Recession, the US is Entering a Recession and China is Lying About Its
Growth http://albertpeia.com/euinrecessionusrecessionchinachinakissmyhina.htm , Dave’s Daily: http://www.etfdigest.com
GYPSIES
TRAMPS AND THIEVES 7-10-12 ‘We started
Tuesday on a more positive note as UK Factory Output surged 1.2% vs .1% expected. (Although, inside the numbers it was noted
a holiday was moved from May to June. Remember, algos
don’t look too far under the hood.) Italy also posted better industrial
output at .8% vs expected -.6%. (They must be forcing
some to work now.) The Bank of Japan
(BOJ) is increasing its asset purchases (QE) by another $200 billion from $680
billion. Not much the BOJ has done has brought much success to relieve its
20-year slump. Most aren’t aware that debt to GDP in Japan is now approaching 200%.
Meanwhile, the world’s problem child, the eurozone
saw the German high court assert they won’t have a decision on the
constitutionality of the EMS bailout facility for
three months as noted in Der
Spiegel. This throws a serious monkey wrench into bailout timeliness.
Perhaps the joke
of the day came from Spain
which vowed that bailout money would be used for a “deep clean-up” of the
financial sector. Another story from Bloomberg
suggested the Fed knew all about the LIBOR bid fixing in 2007. Elsewhere Bob
Diamond of Barclays was accused of being a liar.In
other news, Futures Commission Merchant (FCM) Peregrine
Financial is accused of another MF Global-like theft of customer funds to
the tune of $200M. Oh, and about that MF Global deal: where’s Corzine and the financial media on this story? The 10-year U.S. Treasury
bond (IEF) dropped to 1.49% Tuesday which indicates a “risk off” environment.
Gold (GLD) fell sharply as the dollar (UUP) rallied once again. Commodities
(DBC), (USO) and (JJC) overall were weak especially as the dollar rallied.Earnings warnings are dominant now as Applied
Materials (AMAT) followed Advanced Micro Devices (AMD) with bellwether Cummins
(CMI) and Mako Surgical (MAKO) also warning. So the
beat goes on and it’s a wonder there is any buying whatsoever.Stocks
which began the day higher started to breakdown after the German court
announcement and fell further on the accumulation of amazingly crummy news.
Some bulls are anxiously awaiting Wednesday’s release of Fed minutes which
might contain a kernel of QE hints. But we’ve heard from the Fed already and
the Bernank already had his news conference, so
what’s to know?Volume picked-up some from Monday’s
weak effort and breadth per the WSJ was negative…’ , The Corn Is Dying
All Over America http://albertpeia.com/corndyingoveramerica.htm , More
profit warnings hit Wall Street
- NEW YORK (Reuters) - Stocks fell for a fourth day on Tuesday as more
pessimism from companies compounded worries the sluggish world economy is
taking a toll on profit growth. A sales warning from engi... , BofA cutting commercial banking jobs: sources , Barclays'
Diamond accused of misleading inquiry , China's
slowing economy claiming firms' CEOs, profits , PFG's Chairman Was Forging Bank Documents For Years Even As
The CFTC Gave An "All Clear"
ZeroHedge.com Tyler Durden 7-10-12 , Bearish
Enough To Buy? The Real Fear Index Says Not So Fast , Labor
Unions: The New, Old SuperPACs? Much has been said about the evil crony
capitalism inflicted upon America as a result of PAC, SuperPACs,
corporate donations, and just general bribery on behalf of America's
corporations in broad terms, and Wall Street in narrow (and Private Equity
firms in uber-narrow) terms. But is there an even
bigger destabilizing force of "cronyness"
in America?
According to the WSJ, there well may be: labor unions. Yes: those same entities that are
so critical for Obama's reelection campaign that the president abrogated
property rights and overturned the entire bankruptcy process in the case of GM
and Chrysler, to benefit various forms of organized labor at the expense of
evil, evil bondholders (represented on occasion by such even more evil entities
as little old grandmas whose retirement money had been invested in GM bonds),
appear to have a far greater impact in bribe-facilitated decision-making than
previously thought. , Equities
Smash Back To Risk-Asset Reality
, Guest Post:
Peak Employment ‘…we have already passed Peak Employment and the downward trend will
continue, perhaps disguised by increasingly more part time employment.’ , ECRI's Achuthan: "The US Is
In Recession Already" ‘Lakshman Achuthan, co-founder of
the Economic Cycle Research Institute, spoke with Bloomberg Television’s Tom
Keene today and said that, "What we said back in December was that the
most likely start date for the recession would be in Q1 and if not then, by the
middle of 2012. I’m here to reaffirm that. I think we’re in a recession already." And just like
us, the anagrammatic ECRI economist believes that "It is not all about
GDP. It is about jobs. It is about income and sales. A recession is a
vicious interplay among output, input, employment, income and sales"
noting that recessions don't generally start with a cliff (that everyone looks
for) adding (rather ominously): "there is this belief that somehow government
or a central bank will stave off a recession. For the last 220 years, you do some history
with Hamilton,
which ended in a duel by the way... you have
had 47 recessions. Why are we going to avoid the 48th?" ‘ , China
Imports More Gold From Hong Kong In Five Months Than All Of UK's Combined Gold
Holdings , Five
Ominous Charts For Q2 Earnings , Gordon
Brown Sold Britain’s Gold at Artificially Low Prices to Bail Out a Large
American Bank Posted by : George Washington Post date: 07/10/2012 - Governments Don’t Manipulate the Price of Gold
… Do They? , FRaCTuReD ReSeRVe FaiRY TaiLs... Posted
by: williambanzai7
Post date: 07/10/2012 - "The few who understand
the system, will either be so interested from it's profits or so dependent on
it's favors, that there will be no opposition from that
class."--Rothschild Brothers of London... , Obama’s
Middle Class Tax Scam Posted by: Bruce
Krasting Post date: 07/10/2012 - A tax break that is a tax increase.
‘…What the President didn’t say in his speech yesterday is far more important
than what he did say. He did not say word one about the 2% Social Security tax
break that has been on the books the past few years. What this means is that
the FICA tax break is going to expire. When it does, every worker’s paycheck is
going to get hit by 2%.In the 2012 Social Security Trust Fund report to
Congress the Trustees estimated that total FICA (SS taxes) would amount to
$733.4B in 2013. The 2% increase in FICA taxes in 2013 will increase workers
tax load by $120B. Therefore the combined effect of extending the sub-250k tax
cut and the increase in FICA comes to a paltry $30B.Even worse is the way in
which the increase in FICA taxes will be felt by workers making $60K or less.
(The average annual wage in the US
is $42,000). Households in the lower tax brackets will not get much benefit
from extending the Bush tax cuts, but they will, on average, see their take
home pay reduced by $1,200 a year. , Biderman Blasts The Bernanke Put And Questions QE-Hopers Scoffing at the smugness of a CNBC talking
head suggesting he is long-term bullish because of the Bernanke Put, TrimTabs' CEO Charles Biderman
empirically analyses the effects of QEs-past and just
as we have noted again and again - highlights the fact that without at least a 15% drop in stocks, Bernanke will not ride to the
rescue. Based on his analysis of wage and
salary growth, he believes the US
economy is now starting to contract in line with what is going on in Europe and the rest of the emerging world. , Federal
Reserve Admits It Knew Of Barclays Libor "Problems" In 2007 And 2008 , Eminent-Domain
'Transfer Of Wealth'-Program Challenges Remain , First MFG(lobal), Now PFG: Who Is Next?
04:10PM Good Reasons to Move to Korea or Japan at
Minyanville 04:07PM Tuesday's Biggest ETF Winners And Losers at
Investor's Business Daily 04:00PM STOCKS TUMBLE: Here's What You Need To Know Business
Insider 03:45PM Tuesday's Biggest ETF Winners And Losers at
Investor's Business Daily 03:13PM InPlay:
Stock indices accelerate afternoon downside extension -- Dow -82, S&P -10, Nasdaq Comp -26 Briefing.com
01:49PM InPlay: Stock indices slip slightly under very narrow
midday range lows -- Dow -6, S&P -4, Nasdaq Comp
-15 Briefing.com
01:09PM MF Global Part 2? Another Brokerage Missing Over $200M In
Client Funds at Forbes
12:27PM JPMorgan Chase Quarterly Earnings Sneak Peek at
Wall St. Cheat Sheet 12:14PM Boeing: "No" to a Share Buyback and "Yes"
to a Higher Dividend at Motley Fool 12:07PM Wells Fargos Second Quarter Earnings
Sneak Peek at Wall St. Cheat Sheet
11:41AM Index, ETF option volumes near midday optionMONSTER 11:30AM Index, ETF option volumes near midday optionMONSTER 11:26AM Index, ETF option volumes near midday optionMONSTER 11:19AM Dividend Stocks Pay Better Than Treasury Paper at
Forbes 11:06AM InPlay: Fresh lows for stock indices
amid broad based sector weakness -- Dow -30, S&P -2.9, Nasdaq
Comp -11 Briefing.com
10:49AM [video] Earnings Season Blame Game at
TheStreet 10:43AM 10 Most Oversold S&P 500 Stocks at
Forbes 10:35AM Wells Fargo Second Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 10:30AM The 6-Week Options Trading Kickstarter:
What Are Options, and Why Should We Care About Them? at
Minyanville 10:24AM JPMorgan Chase Second Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 10:24AM Wells Fargo Second Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 10:20AM InPlay:
Further slip off resistances for stock indices -- Dow +45, S&P +3.6, Nasdaq Comp +7.6 Briefing.com
09:47AM Secondary Sources: Wealth Comparisons, Earnings Downgrades, Fed
Missing Targets at The Wall Street Journal
09:46AM InPlay: Stock indices retrace half of slide off last week's
highs and pause Briefing.com
09:43AM Don't Count On The Next QE Helping Much at
Forbes 09:35AM Advanced Micro Devices and Armour
Residential REIT Most Active Stocks in Pre-Market Today on the NYSE at
Minyanville 09:28AM Advanced Micro Devices and Armour Residential
REIT Most Active Stocks in Pre-Market Today on the NYSE at
Minyanville 09:19AM Stocks Look To Shake Three-Day Funk With Higher Open at
Forbes 09:15AM Liquidity Alert! Some Banks Are Pulling Out of EU Money Markets
at Minyanville
09:07AM Pre-Market Primer: Euro Finmins Take
the Pressure Off of Spain at Minyanville
08:20AM [video] Futures Positive As Alcoa Kicks Off Earnings at
TheStreet 07:36AM 10 Things You Need To Know Before The Opening Bell Business
Insider
Fighting Back
Against Big Brother
Infowars.com | Why are
our controllers creating a surveillance society?
Taxes
for online shopping gaining support in states, Congress
chicagotribune.com | Online
shopping in some states is about to become more expensive.
Obama
Now Controls All Communications Via Executive Order
Infowars.com | “The
Federal Government must have the ability to communicate at all times.”
Federal
Reserve Admits It Knew Of Barclays Libor “Problems” In 2007 And 2008
Zero Hedge | The Fed has decided to take the high road and openly admit
it was well aware of Barclays’ LIBOR “problems.”
Bankers
rob Central Banks: ‘That’s where the credit is!’
Russia Today | Max
Keiser and co-host, Stacy Herbert, discuss bankers
robbing Central Banks and governments.
In
Maryland, Higher Taxes Chase Out Rich: Study
CNBC | Maryland residents may
be moving out due to recent tax hikes.
The
Big Banks are Amateurs When It Comes to Manipulating Interest Rates
Washington’s Blog | The big
banks are rank amateurs when it comes to manipulating interest rates.
AP Business
Highlights
...Yahoo Market
Update…
Compendium of
Important Business / National / World News / Topics / Articles / Headlines
http://albertpeia.com/articlelinkspage3.htm
http://albertpeia.com/archives.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 }
