Business Summary Links By Day
19
Warnings About A Coming Global Financial Catastrophe http://albertpeia.com/19warningsofglobalcatastrophe.htm , Dave’s Daily: http://www.etfdigest.com TWO-WAY ACTION AS FED MINUTES
RELEASED 7-11-12 ‘The FOMC Minutes were released at 2 PM and bulls were anxious
to see some sign that a fresh round of QE was buried somewhere in the minutes.
Apparently bulls didn’t think the release a few weeks ago of more Operation Twist, the published language and the Bernank’s press conference yielded enough clues.
Anyway, bulls didn’t like what was in the minutes and sold stocks almost
immediately. But then clearer heads prevailed and the 2:15 Buy Program Express
was engaged a few minutes late to save the day. So as they say in the Army: “As
you were” and stocks returned to only slight losses.The
U.S.
Treasury completed a historical 10-year bond auction (IEF) Wednesday. The “when
issued” security was trading at 1.51% at 1 PM but the result was 1.459%, a new
record low. What’s the message here and who were the buyers? This is mattress
money since even officially low inflation rate makes this yield negative with
duration risk to boot.Spain
initiates new taxes, public employee wage cuts
and other austerity measures which bring out protests in Pamplona running of the bulls style. Almost
comically, Finland
which has wanted collateral for any new bailout money has stated that “maybe”
they’ll accept Spanish bank stock as collateral. Really? In other news the Washington
Post no less points out that the eurozone will
have to reduce and adjust its social contract forcing workers to retire later.
For example, some countries like Italy provide 3 months of annual
vacation which reduces the actual work years to 51.The dollar (UUP) was
slightly higher and unusually gold (GLD) was slightly higher too. Combine gold,
dollar and the bond auction and it spells fear. This is the environment we’re
in and there’s little that can be done given global political BS. Within the
Fed minutes today was this item: “business contacts say heightened uncertainty
about future tax and regulatory policies put potential investment projects on
hold". That little nugget says a lot about political gridlock, a lack of
leadership and isn’t being reported by the media. Also from the meeting was
this quote: “Several on the FOMC said the Fed should study ‘new tools’ for
easing”. Whoever the “several” are is an admission that QE has been a long term
failure only producing short-term results. And from our view it also promotes a
serious misallocation of capital, screwing seniors and savers and creating an
entire generation addicted to Fed crack. We still haven’t heard any fresh news
about Peregrine’s theft of client money or much in the way of updates on MF Global’s missing funds. So
where’s Corzine? How come
he isn’t hounded like Madoff
by the MSM? And then there’s the “LIEBOR” thing which is just another scandal
under the rug while bulls wait for another fix from the Fed.Crude
oil (USO) prices rallied nearly 3% after supply data showed a bigger decline
than expected. Financial (XLF) and energy (XLE) sectors rallied primarily due
to rallies in a few banks like JP Morgan (JPM) and Bank of America (BAC) and a
report that consumers have upped their usage of credit card accounts by 11%
versus a year ago. Still MasterCard (MA) and Visa (V) were lower on the day.
Tech (XLK) remains a notable laggard held back primarily by semis (SOXX) amid
continued warnings.Volume was lower than Tuesday but
only slightly so, and breadth per the WSJ was mixed to negative…’ , Four
Reasons To Be Even Less Optimistic About The Global Financial System Than You
Were Last Month http://albertpeia.com/4reasonsforlessoptimism.htm , Brutal
Gestapo Tactics Are Being Used Against Homeowners All Over America http://albertpeia.com/usgestapotactics.htm , Scenes Of Despair http://albertpeia.com/scenesofdespair.htm , US
Attorneys General Jump On The Lieborgate Bandwagon;
900,000+ Lawsuits To Follow, And What Happens Next? ZeroHedge.com
Tyler Durden
, Biderman Demands New 'Non-Parasitic' Constitutional
Convention , Guest Post:
The Deleveraging Trap The
debt-to-GDP ratio is gradually falling, yet it is still at a far higher level than
the historical average, and it is still proportionately higher than industrial
output. And at the same time, consumers are
re-leveraging, and government
debt is soaring. And industrial production is barely above where it it was a decade ago, and far below
its pre-2000 trend line. We have barely started, and already this has been a
slow and grinding deleveraging; rather than the quick and brutal liquidation like that seen in 1907 where
the banking system was effectively forced into bailing itself out, the stimulationist policies of low rates, quantitative easing
and fiscal stimulus have kept in business zombie companies and institutions
carrying absurd debt loads. Like Japan who experienced a similar debt-driven
bubble in the late ’80s and early ’90s, we in the West appear to have embarked
on a low-growth, high-unemployment period of deleveraging; and
like Japan, we appear to be simply transferring the bulk of the debt load from the private sector to the
public, without making any real impact in the total debt level, or any serious
reduction in the debt-to-GDP ratio.
, "The
Use Of Temps Is Outpacing Outright New Hirings By A
10-To-1 Ratio" , Two
And Twenty And Zero To Show For It As Hedge Funds Underperform The Stock Market , The
Seeds For An Even Bigger Crisis Have Been Sown , Despite
Low Volume Schizophrenia, S&P Extends Losses To 5th Day , The
"Contrarian" Permabull's Ultimate Guide To
The Non-Zombie Economy Presenting,
with little comment, the ultimate arbiter of the truth - First Trust's Brian Wesbury - discussing his "Mark-to-Market accounting is
to blame for it all; the economy is fine and is not reliant on Fed QE; 80,000
jobs creating; Facebook wealth-building" view of
the non-zombie economy. So we presume: Forget China, ignore Europe, the
fiscal-cliff is a molehill, and once the government stops spending/growing
(which is his angle) then all will be well with this thoroughbred economy - as
opposed to his non-zombie plough-horse (that unfortunately just leads us down a
path of low/slow growth, labor force participation-lagging, deficit spending,
social welfare dependent dysphoria). , The
Ever-Increasing Age Of Retirement
, Desperate
Acts Of Government Continued - Europe Edition , U.S.
Gave Tens of Billions to Libor-Manipulating Banks ... Even AFTER Learning about
the Manipulation Posted by : George Washington Federal Reserve REWARDS Fraud By Throwing Money At Criminal
Manipulators , 10
Year Bond Smashes All Records In WTF Auction , Guest
Post: Why We’re Light Years Away From Solving Our Problems , Gold
Report 2012: Erste's Comprehensive Summary Of The
Gold Space And Where The Yellow Metal Is Going , Syntagma Riotcam Resumes
Broadcasting From Madrid Where Cops Use Rubber Bullets On Protesters , Wholesale
Inventories Meet Expectations As Sales Plunge Most Since March 2009 , Goldman
Cuts US Q2 GDP Two Times In Two Hours
11-Jul-12 12:26PM The S&P 500 - A Second Quarter Road to Nowhere ETFguide 11:49AM Peregrine Files For Bankruptcy After $215M Goes Missing, Where
Were The Regulators? at Forbes
11:35AM Index, ETF option volumes near midday optionMONSTER 11:31AM Index, ETF option volumes near midday optionMONSTER 11:21AM Citigroups Second Quarter Earnings
Sneak Peek at Wall St. Cheat Sheet
11:15AM Investors Pile Into Options of Apple, Google at
The Wall Street Journal 10:46AM Citigroup Second Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 10:39AM Central banks are losing the battle at
MarketWatch 10:38AM Gannett Second Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 10:28AM :17AM Retail ETF in Focus as Earnings Season Kicks Off ETF
Trends 10:12AM InPlay: Minor new session highs for
S&P +3.3 and Nasdaq Comp +3 -- Dow -5 still
lagging Briefing.com
09:56AM Secondary Sources: Fed and Stocks, What to Watch, Inequality
and Growth at The Wall Street Journal
09:40AM InPlay: Mixed, weaker start with indices holding above
yesterday's lows -- Dow -23, S&P -0.1, Nasdaq
Comp -5.1 Briefing.com
09:15AM Nokia and Beazer Homes USA Most Active Stocks in Pre-Market
Today on the NYSE at Minyanville
09:10AM Nokia and Beazer Homes USA Most Active Stocks in Pre-Market
Today on the NYSE at Minyanville
09:10AM Pre-Market Primer: Futures Rise Ahead of Fed Announcement, and
Here Comes Silvio at Minyanville
08:55AM SPX Update: Market Reaches Critical Decision Point at
Minyanville 08:51AM SNEAK PEEK: Marriott Internationals Q2 Earnings at
Wall St. Cheat Sheet 08:26AM SNEAK PEEK: JPMorgan Chase Quarterly Earnings at
Wall St. Cheat Sheet 08:21AM SNEAK PEEK: Wells Fargos Q2 Earnings
at Wall St. Cheat Sheet 08:13AM Retail ETF in Focus as Earnings Season Kicks Off ETF
Trends 08:00AM [video] Technical Pressure As Global Slowdown Intensifies at
TheStreet 07:21AM 10 Things You Need To Know Before The Opening Bell Business
Insider 07:17AM 10 Things You Need To Know This Morning Business
Insider 07:17AM 10 Things You Need To Know Before The Opening Bell Business
Insider 06:05AM ETF Outlook for Q2 Earnings ETF Trends
Obama
Administration Outsourced Jobs with Stimulus Funding
cnsnews.com | Millions
of dollars in federal stimulus funds went to foreign companies.
Another
220 Million Lost Under JP Morgan’s Watch
Infowars.com | Yet another massive banker scandal involving stolen
millions.
PFG’s Chairman Was Forging Bank Documents For Years Even As
The CFTC Gave An “All Clear”
Zero Hedge | If there
is an event that should cost Gary Gensler his job as
head regulator at the CFTC, it is this.
Chinese Economy
Continues to Weaken
New American | If
Americans are looking at the Chinese economy to lift the United States
out of recession, it would be prudent to look somewhere else.
Gordon
Brown Sold Britain’s Gold at Artificially Low Prices to Bail Out a Large
American Bank
Washington’s Blog | This is
what had happened on an enormous scale by early 1999.
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.”
http://albertpeia.com/19warningsofglobalcatastrophe.htm
http://albertpeia.com/4reasonsforlessoptimism.htm
http://albertpeia.com/scenesofdespair.htm
http://albertpeia.com/usgestapotactics.htm
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 }
