Business Summary Links By Day

Business Summary Links By Day

Dave’s Daily: http://www.etfdigest.com DON’T FIGHT THE TAPE 7-18-12 ‘Search as one might for bullish news, there was little to be found from a normal perspective. Intel (INTC) delivers a poor report and outlook but the market rallies sharply. In fact, Intel is one of the largest gaining stocks in the DJIA Wednesday. It’s not a good idea to argue with the tape but the rationale for the rally is amusing naturally. Bank of America (BAC) reported earnings that beat while tech (XLK) continued to dominate with positive reports from VMWare (VMW) and EMC Corp (EMC). Bernanke’s last day of testimony offered few hints of more QE stating frankly the Fed’s balance sheet is limited but has “some” room. Most striking to me were his comments regarding the eurozone which were quite bearish to me: “The eurozone has not come close to a solution to its problems.” So, it remains “unfixed” but this item didn’t bother bulls either on Wednesday. We have long equity positions overall so are pleased by a rally but that won’t stop me from challenging conditions. Frankly, the elephant in the room remains the fiscal cliff and eurozone. Economic data from Housing Starts which beat estimates (.760M vs .745M expected & prior .711M); however New Housing Permits missed (.755M vs.775M expected & prior .784M) making the number a wash. But the trading algos liked the first number. Meanwhile the Fed’s Beige Book showed what we already knew—a slowdown is at hand even as some spun it positively. But, Bernanke testified Wednesday that he didn’t expect a recession but some might remember back in 2007 he stated assuredly “subprime was contained”. Stocks in the U.S. rallied because the momentum players have seized the tape. It’s reported that some are buying the S&P (SPY) for example paired with VIX call options as a hedge. That’s an interesting strategy. The dollar (UUP) was flat while commodities (DBC), (USO), (JJG) and (JJC) were stronger particularly abetted by the ongoing drought. Gold (GLD) remains weak as investors find it tiresome and seek greater returns. There’s plenty of rotation going on within sectors as we move abruptly between “risk on/off” sentiment. Wednesday financials (XLF) & (KBE) and REITs (IYR) were weaker while investors rotated to tech. Bonds (IEF) were slightly higher. Volume (not shown on your brokerage statement) remains pathetically light on rallies. Breadth per the WSJ was positive…’ , 11 International Agreements That Are Nails In The Coffin Of The Petrodollar http://albertpeia.com/endofpetrodollar.htm , UBS Issues Hyperinflation Warning For US And UK, Calls It Purely "A Fiscal Phenomenon" ZeroHedge.com Tyler Durden 7-18-12 From UBS: "We think that a creditor nation is less at risk of hyperinflation than a debtor nation, as a debtor nation relies not only on the confidence of domestic creditors, but also of foreign creditors. We therefore think that the hyperinflation risk to global investors is largest in the US and the UK. The more the fiscal situation deteriorates and the more central banks debase their currencies, the higher the risk of a loss of confidence in the future purchasing power of money. Indicators to watch in order to determine the risk of hyperinflation therefore pertain to the fiscal situation and monetary policy stance in high-deficit countries. Note that current government deficits and the current size of central bank balance sheets are not sufficient to indicate the sustainability of the fiscal or monetary policy stance and thus, the risk of hyperinflation. The fiscal situation can worsen without affecting the current fiscal deficit, for example when governments assume contingent liabilities of the banking system or when the economic outlook worsens unexpectedly. Similarly, the monetary policy stance can expand without affecting the size of the central bank balance sheet. This happens for example when central banks lower collateral requirements or monetary policy rates, in particular the interest rate paid on reserves deposited with the central bank. A significant deterioration of the fiscal situation or a significant expansion of the monetary policy stance in the large-deficit countries could lead us to increase the probability we assign to the risk of hyperinflation." , Bernanke's Libor Alternatives Libor is not a market determined interest rate, rather it is a trimmed mean from a survey of banks participating in a survey conducted on behalf of the British Bankers Association (BBA). There are a number of problems inherent in the survey-based Libor calculation. Chairman Bernanke was asked in testimony several times yesterday whether Libor should be dropped as a benchmark interest rate. His answer was Libor should be repaired or some market determined interest rate should be embraced as an alternative. He offered up 2 market-determined replacement possibilities for Libor: (1) Repo Rates; and (2) OIS rates. Both are market determined interest rates, but neither in our minds captures the essence of what Libor is supposed to measure. Stone & McCarthy's preference for a Libor alternative would simply be the eurodollar rate. , Guest Post: The Growing Pressures Likely To Blow The Eurozone Apart , Low Volume Equity Decoupling Becoming Farcical , Sicily Is Greece As Italy Provides EUR400 Million 'Risk-Free' Bailout/Loan , Spain Goes From Bad To Worse , So Much For "Housing Has Bottomed" - Shadow Housing Inventory Resumes Upward Climb Appropriately coming just after today's Housing Starts data, which captured MSM headlines will blast was "the highest since 2008" is the following chart from this morning's Bloomberg Brief, which shows precisely the reason why "housing has bottomed" - and it has nothing to do with organic demand rising. No, it has everything with excess inventory once again starting to pile up, which means that the imbalance in the supply and demand curves is purely a function of shadow inventory being stocked away, and that there is once again no true clearing price. , Guest Post: Bad Economic Signs 2012 , Are Big Banks Criminal Enterprises? Posted by : George Washington Post date: 07/18/2012 - 13:54 Updated Executive Summary / Cheat Sheet ... , City Of Compton Next On The Muni Bankruptcy Deck Because once the dominoes start, they don't stop. Stockton, Mammoth, San Bernardino and now legendary rap and LA riots nexus - the City of Compton. Fear not: the ESM, and the German population whose retirement age will have to be in the quadruple digit range to fund a broke world, has got this, too, covered. Also, only squares don't make fun of Meredith Whitney for saying municipal America is insolvent, so please do. , Guest Post: Organized Financial Crime Is Now The New Normal

Germany Would Leave the Euro… Well, Germans Are Already Using Deutschemarks Again! http://albertpeia.com/germanywillleaveeuro.htm ,

National Security Threat: Obama’s Birth Certificate Proven Fraudulent Watson | One of the biggest cover-ups in U.S. political history. http://albertpeia.com/obamasfraudulentbirthcertificate.htm

Why Are So Many Bad Things Happening To America? http://albertpeia.com/americacursed.htm

Peter Schiff: ‘If you don’t own gold and silver, you really got to buy’

Infowars.com | Peter Schiff recommends investing overseas and buying gold and silver.

HSBC ‘allowed drug cartels to launder money’

Al Jazeera | ‘US senate probe has found that Europe’s largest bank had lax controls that allowed money laundering for seven years.’

The Federal Reserve Is Not Going To Save Us From The Great Depression That Is Coming

The American Dream | Federal Reserve Chairman Ben Bernanke delivered his annual address to Congress on Tuesday, and he did very little to give lawmakers much confidence about where the U.S. economy is heading. http://albertpeia.com/fedcantwontsaveusfromgreatdepression.htm

Ron Paul’s Final Questions for Fed Chairman Ben Bernanke

New American | When Federal Reserve Chairman Ben Bernanke appears before the House Financial Services Committee, he’ll be facing, for the final time, his nemesis, Representative Ron Paul.

Goldman Sachs developing in-house private bank

AFP | Goldman Sachs said Tuesday it is developing its private bank for wealthy clients.

Bad Economic Signs 2012

Brandon Smith | Manufacturing has tumbled in the U.S., the EU, and Asia simultaneously as orders drop back to the dismal levels last seen in 2008-2009 after the credit crisis first took hold.

Corn Prices Headed for Record Highs as Crop Shrinks

CNBC | Corn futures are heading to record highs on reports of wider crop devastation, and as forecasts show continued hot, dry weather threatening even more of this year’s crop.

AP Business Highlights

...Yahoo Market Update…

Metal News for the Day

Compendium of Important Business / National / World News / Topics / Articles / Headlines

http://albertpeia.com/articlelinkspage3.htm

http://albertpeia.com/archives.htm

Impeach Obama 2012. Join the National Campaign

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 bs 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...

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{ some prior links of current interest }

A Warning Sign For The World http://albertpeia.com/warningsignfortheworld.htm , Inventor of World Wide Web Savages Government’s Big Brother Plans http://albertpeia.com/bernersleeantibigbrotherwebintrusion.htm , 16 Reasons To Move Away From California `http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm` , 20 Signs You Might Be A Typical American Worker http://albertpeia.com/20signsoftypicalamericanworker.htm , 10 Signs That America Is Decomposing Right In Front Of Our Eyes http://albertpeia.com/10signsamericadecomposing.htm , Soylent Pepsi is People http://albertpeia.com/soylentpepsi.htm Infowars.com | Ground up dead baby fetuses… just business as usual. { Well, let’s not kid ourselves; there’s likely canabalism in wobama’s line! How totally disgusting. I’ll never drink pepsi ever again! } New Obama Executive Order Pushes Us Closer To A North American Union And A One World Economic System http://albertpeia.com/wobamaexecorderforoneworldgovernment.htm { The truly astounding thing here is that without exception, these respective nations, from largest to smallest, can’t even manage themselves, their own nations properly, efficiently; and then there’s the inevitable corruption, ‘bigger and better?’. Come on! More obfuscation! In a world such as this, human nature being what it is, ‘bigger is definitely not better’! They’re pushing on a string! Time for accountability! Time to pay the piper! Additionally, people must come to grips with the reality that wobama hasn’t the slightest idea what he’s doing; hence, the over-vacationed teleprompter reader whose ‘handlers’ have literally taken over policy, with some ‘slick’ maneuvering to try and repackage him; ultimately to no avail inasmuch as his disastrous results at home and abroad speak volumes. If only he had done what he said he was going to do last campaign, this nation and the world would have been in a better position today! } ,Military Winning War Over Pensions Bruce Krasting 05/02/2012 Why is the Military Retirement Fund exploding higher? http://albertpeia.com/militarypensiondebacle.htm , This Is the First Time In History that All Central Banks Have Printed Money at the Same Time … And They’re Failing Miserably Washington’s Blog | Simultaneous Global Printing Is Failing Miserably. Why New York Times Economist Paul Krugman Is Partly Right But Mostly Wrong http://albertpeia.com/nyteconomistkrugmanwrong.htm , NBER's Martin Feldstein Bashes The Deplorable US Economy, Says Bernanke Has Engineered Another Stock Bubble Tyler Durden 5-2-12 , Hugh Hendry On Europe "You Can't Make Up How Bad It Is" , Biderman Makes Friends: "Bankers Are As Dumb As Politicians" , Guest Post: 3 Likely Triggers Of The Next Recession Durden [ We’re already in a (continued) recession, stupid; actually, depression. { 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…’ } ] , Zuckerman To CNBC: "The Recession Never Ended" 8 Reasons Why The Greek Debt Deal May Not Stop A Chaotic Greek Debt Default http://albertpeia.com/8reasonsgreekdebtdefaultstillcoming.htm , 55 Interesting Facts About The U.S. Economy In 2012 http://albertpeia.com/55factsaboutus2012economy.htm , http://albertpeia.com/debtpercapita.jpg , Double-dip recession setting in across eurozone: EU , America 1950 vs. America 2012 http://albertpeia.com/downhillslideofamerica.htm , Society’s Five Stages of Economic Collapse http://albertpeia.com/5stagesofcollapse.htm , No Housing Recovery - Case Shiller Shows 8th Consecutive Month Of House Price Declines Durden , Goldman: Germany Is Now On The Hook By €1 Trillion (Or 40% Of GDP) Durden, , 20 Economic Statistics To Use To Wake Sheeple Up From Their Entertainment-Induced Comas http://albertpeia.com/20ecostatstowakesheeple.htm , Central bank balance sheet expansion since end 2007 Mar 1st, 2012 by News (ZeroHedge) — SNB +230%; Fed +222%, BOJ +125%, BOE +87%, PBOC +93%, ECB +51%. USA Gold / PG View: Pretty strong evidence that the rally in bonds — and by extension the rally in stocks — is nothing but a charade. , 10.7 Percent: Unemployment In Europe Is Worse Than It Was At The Peak Of The Last Recession http://albertpeia.com/europeunemploymentworsethanrecession.htm , Inflation Is A Tax And The Federal Reserve Is Taxing The Living Daylights Out Of Us http://albertpeia.com/inflationisatax.htm , 15 Potentially Massive Threats To The U.S. Economy Over The Next 12 Months http://albertpeia.com/15massivethreatstoeconomy.htm , 1 Through 30 – The Coming U.S. Financial Crisis By The Numbers http://albertpeia.com/1-30usfinancialcrisiscoming.htm , Greece Has Defaulted - Which Country In Europe Is Next? http://albertpeia.com/greecehasdefaultedwhonext.htm , Five Charts That Prove We’re in a Depression and That the Federal Reserve and Washington Are Wasting Money gpc1981 http://albertpeia.com/usindepressionfedandgovwastingmoney.htm , Broken Promises: Pensions All Over America Are Being Savagely Cut Or Are Vanishing Completely .http://albertpeia.com/uspensionscutorvanishing.htm , America Is Being Transformed From A Wealthy Nation Into A Poor Nation At Breathtaking Speed http://albertpeia.com/ustransformedfromwealthytopoor.htm , ECRI Stays with Recession Call New American | The vicious cycle is starting where lower sales, lower production, lower employment and lower income [leads] back to lower sales…BOB ADELMANN New American Tuesday, March 13, 2012 http://albertpeia.com/ecricallsrecession.htm , Consumer prices rise on high gas costs But outside higher pump prices, inflation stayed mild. (Washington Post) [ Wake up! They’d have a hard time denying what’s in plain sight for everyone to see. Yet, apparently they’ve not gone grocery shopping lately; you know, all that catered food for fools in Washington. , 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 that warns of phase II of the global crisis… My work shows that “the new recession has started.”… Over the past 33 years, we have called the start of every recession, often on the exact month, or within one month, of the official start as determined one year later by the official arbiter of recession, the National Bureau of Economic Research (NBER)… However, inflation is far understated for political reasons. 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, according to free market economists who calculate inflation as it was done in 1980 before the politician re-engineered it, is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’ , Conned 2012: Joseph Kony Is A CIA Contractor [ Yeah, cia, mossad, kony, they look like and are a bunch of spooks. ] Saman Mohammadi | Former European MP, journalist, and author Richard Cottrell says Lord Resistance Army is backed by CIA and Mossad. , 11 Reasons Why America Would Be A Better Place Without Goldman Sachs [ If only it was just 11 and not an endless number of reasons why the aforesaid is true! And, though america particularly, not just america, but the entire world as well! ] http://albertpeia.com/americabetterwithoutgoldmansachs.htm , The Obama Flag: Who Decided That It Was Okay To Replace The Stars On The American Flag With The Face Of Barack Obama? http://endoftheamericandream.com http://albertpeia.com/monkeyflag.htm [Aside from the desecration issues, from a purely aesthetic perspective, that picture on the flag of that ugly monkey obama is an absolute disgrace and affront to any rational person’s aesthetic sensibilities!] , Who Decided That It Would Be A Good Idea.... http://albertpeia.com/misplacedfaith.htm , Chimps Throwing Poop And 29 Other Mind Blowing Ways That The Government Is Wasting Your Money http://albertpeia.com/whydochimpslikeobamasthrowpoop29waysgovernmentwastesmoney.htm , Failed Wobama model illustrated: 16 Reasons To Move Away From California `http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm ,` No Housing Recovery Until 2020 In 5 Simple Charts
http://albertpeia.com/nohousingrecoveryuntil2020in5charts.htm Durden `,` The Mother Of All Infographics: Visualizing America's Derivatives Universe http://albertpeia.com/usderivatives221trillionof707trillionglobal.htm , Fasten Your Seatbelts: High Frequency Trading Is Coming To The Treasury Market `[` http://albertpeia.com/highfrequencytradingcomingtotreasuries.htm , As US Rakes Largest Monthly Deficit In History, 2012 Tax Revenues Net Of Refunds Trail 2011 Durden, Guest Post: Money from Nothing - A Primer On Fake Wealth Creation And Its Implications (Part 1) Durden 3-12-12 What is fraud except creating “value” from nothing and passing it off as something? Frauds interlink and grow upon each other. Our debt-based money system serves as the fraud foundation. In our debt-based money system, debt must grow in order to create money. Therefore, there is no way to pay off aggregate debt with available money. More money must be lent into the system to make the payments for old debts. This causes overall debt to expand as new money for actual people (vs. banks) always arrives at interest and compounds exponentially. This process is called financialization. Financialization: The process of making money from nothing in which debt (i.e. poverty, lack) is paradoxically considered an asset (i.e. wealth, gain). In current financialized economies “wealth expansion” comes from the parasitic taxation of productivity in the form of interest on fiat lending. This interest over time consumes a greater and greater share of resources, assets, labor, and livelihood until nothing is left., Guest Post: Money from Nothing - A Primer on Fake Wealth Creation and its Implications (Part 2) ZeroHedge.com 3-14-12 Only in a debt-based money system could debt be curiously cast as an asset. We’ve made “extend and pretend” a quaint phrase for a burgeoning market for financial lying and profiteering aimed toward preventing the collapse of a debt- (or lack-) based system that was already doomed by its initial design to collapse. , Guest Post: The Audacity of Bonuses At MF Global Durden 3-12-12 In the spirit of George Orwell’s Animal Farm commandment: “all animals are equal, but some animals are more equal then others” comes the galling news that bankruptcy trustee, Louis Freeh, could approve the defunct, MF Global to pay bonuses to certain senior executives. This, despite the fact that nearly $1.6 billion of customer funds remains “missing” or otherwise partially accounted for, yet beyond the reach of those customers, perhaps forever, since before the firm declared bankruptcy on October 31, 2011...