Business Summary Links By Day
The
Weaponization of Economic Theory Posted by : ilene Post date: 07/20/2012
So the end stage of neoliberalism threatens a Dark
Age of poverty/immiseration – most
characteristically, one of debt peonage. ~ Michael Hudson
“Southern
Europe Does Almost Nothing—Except Complain” Posted by:
testosteronepit Post date: 07/20/2012
Spanish
Stocks Plunge Most In 12 Months As Egan-Jones Cuts Spain To CCC+ , US
Banks Battered On Spain's Bailout Approval
, EURUSD Free-Falling , Seven
Sigma Rally In LQD: Be Careful Where You Reach For Yield With 'safe-haven' yields at extreme lows (and
negative in some cases), there is sense in 'reaching for yield' but - obviously
- any increase in yield implies an increase in risk (and just because it is
called a 'bond' doesn't mean its safer than an 'equity'). By way of
example, moving to investment grade credit is the 'strategy du jour' of many
asset allocators - "a little more yield and it's
still IG after all." However, while this is a decent safety strategy
overall - in a diversified and actively managed credit book, falling for the
easy route of buying the liquid IG bond ETF LQD may run some into problems - no
matter how much its 'price' tracks Treasuries. The last month has seen LQD experience a 7-sigma rally
and it stands at multi-month rich levels to its intrinsic value (which
implicitly places technical bids in the cash market). What worries us the most
about LQD specifically is, we suspect retail investors who are piling in are
unaware of the exposures within the portfolio of bonds. LQD is 24.3% weighted in financials - the very same
Libor-rigging, beached-whale, NIM-compressing financials that are anything but
'risk-free'. As a reminder, an old adage from credit portfolio
management, "the loss from losers far
exceeds the gains from winners" and at these levels of price
(and therefore yield) there is a lot of convexity in that risk-reward. Understanding
the credit risk you are taking is key.
Submitted
by Tyler
Durden on 07/20/2012
04:52PM July 20, 2012 Market Summary at
Investopedia 04:30PM STOCKS FALL: Here's What You Need To Know Business
Insider 03:59PM STOCKS FALL: Here's What You Need To Know Business
Insider 03:55PM Increasing Wealth Inequality Is A Warning Sign Of Instability
at Forbes 03:55PM Increasing Wealth Inequality is a Warning Sign of Instability
at Forbes 03:45PM A Dark Day for Movie-Chain Stocks at
Barrons.com 03:44PM Spain ETF Crashes 7% As Euro Nears Two-Year Low at
Investor's Business Daily 03:15PM A Dark Day for Movie-Chain Stocks at
Barrons.com 03:03PM Buzz on the Street: The Dark Market Rises at
Minyanville 02:25PM Newfield Exploration Second Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 02:21PM Airgas First Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 02:19PM Lorillard Second Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 02:16PM Allegheny Technologies Second Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 02:14PM Bristol-Myers Squibb Second Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 02:07PM Boeing Second Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 02:03PM Cooper Industries plc Second Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 02:03PM General Dynamics Second Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 01:57PM Eli Lilly & Co Second Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 01:53PM Hess Second Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 01:42PM MeadWestvaco Second Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 01:39PM Motorola Solutions Second Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 01:33PM Nasdaq OMX Group Second Quarter
Earnings Sneak Peek at Wall St. Cheat Sheet
01:27PM Praxair Second Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 01:21PM Southern Co Second Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 01:15PM Assurant Second Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 01:12PM Avalonbay Communities Second Quarter
Earnings Sneak Peek at Wall St. Cheat Sheet 01:09PM Cliffs Natural Resources Second Quarter Earnings Sneak Peek
at Wall St. Cheat Sheet 01:06PM Northrop Grumman Second Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 01:03PM Thermo Fisher Second Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 01:00PM T Rowe Price Second Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 12:57PM Wyndham Worldwide Second Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 12:55PM Equity Residential Second Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 12:33PM LSI Corp Second Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 12:30PM Owens-Illinois Second Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 12:27PM OReilly Automotive Second Quarter
Earnings Sneak Peek at Wall St. Cheat Sheet
12:27PM Stericycle Second Quarter Earnings
Sneak Peek at Wall St. Cheat Sheet
12:24PM Teradyne Second Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 12:21PM Symantec First Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 12:19PM Varian Medical Systems Third Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 12:15PM Visa Third Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 11:45AM Ford Motor Second Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 11:39AM TE Connectivity Third Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 11:31AM Index, ETF option volumes near midday optionMONSTER 11:09AM ETF Worry Gauges Are Plummeting --- Maybe Now You Should Worry
at Barrons.com 10:07AM InPlay:
S&P -6 edges off lower end of support zone Briefing.com
10:06AM ETF Worry Gauges Are Plummeting --- Maybe Now You Should Worry
at Barrons.com 09:55AM S&P 500 breaks lower after setting new relative high
Thursday theflyonthewall.com
09:50AM Minyanville's T3 Morning Market Call:
Futures Follow European Markets Lower Ahead of Options Expiration at
Minyanville 09:45AM ETF Worry Gauges Are Plummeting. Maybe Now You Should Worry.
at Barrons.com 09:39AM InPlay:
Weaker open with S&P -7 and Nasdaq Comp -12
probing first level supports -- Dow -74 Briefing.com
09:22AM SPDR S&P 500 ETF and Bank of America Most Active Stocks in
Pre-Market Today on the NYSE at Minyanville
09:17AM GE Earnings: Rising Revenue BREAKS Cold Streak, Profit UP at
Wall St. Cheat Sheet 09:10AM Stocks that the Highest Paid Hedge Fund Manager Loves at
Motley Fool 09:10AM SPDR S&P 500 ETF and Bank of America Most Active Stocks in
Pre-Market Today on the NYSE at Minyanville
09:00AM Pre-Market Primer: Tech Heavyweights Beat the Street at
Minyanville 08:54AM GE Earnings: Rising Revenue Turns Around Cold Streak, PROFIT UP
at Wall St. Cheat Sheet 08:48AM Stocks that the Highest Paid Hedge Fund Manager Loves at
Motley Fool 08:48AM Netflix Quarterly Earnings SNEAK PEEK at
Wall St. Cheat Sheet 08:47AM Xerox Earnings: Two Straight Quarters of Profit Declines at
Wall St. Cheat Sheet 08:46AM Schlumberger Earnings: Powering Up at
Wall St. Cheat Sheet 08:45AM Baker Hughes Earnings: CRUSHES Analyst Estimates at
Wall St. Cheat Sheet 08:17AM GE Earnings: Rising Revenue Turns Cold Streak Around, Profit UP
at Wall St. Cheat Sheet 08:02AM Ingersoll-Rand Earnings: Exceeds Forecasts with BOOST of Profit
at Wall St. Cheat Sheet 07:45AM Xerox Earnings: Two Straight Quarters of Profit Drops at
Wall St. Cheat Sheet 07:43AM Schlumberger Earnings: Powering Upward at
Wall St. Cheat Sheet 07:43AM First Horizon National Earnings: Swinging to a Loss After Two
Quarters of Profit at Wall St. Cheat Sheet
07:43AM Baker Hughes Earnings: CRUSHES Estimates at
Wall St. Cheat Sheet 07:40AM Suntrust Banks Earnings: Revenue
Grows After Four Straight Declines, Net Income Rises at
Wall St. Cheat Sheet 07:27AM EMC Second Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 07:25AM Netflix Second Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 07:22AM American Electric Power Earnings: Powering Ahead at
Wall St. Cheat Sheet 07:18AM Peabody Energy Second Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 07:06AM Whirlpool Second Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 07:05AM Altria Groups Second Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 07:04AM Western Unions Second Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 07:00AM Robert Half International Second Quarter Earnings Sneak Peek
at Wall St. Cheat Sheet
Goldman
Sachs: the bank that thought it ruled the world
telegraph.co.uk | Goldman
Sachs was ‘doing God’s work’ – but it is now being investigated for fraud.
12
Signs That The Next Recession In The United States Has
Already Begun
The American Dream | Is the
The Libor
Scandal In Full Perspective
Paul Craig Roberts | The article about the Libor scandal, coauthored with Nomi Prins, received much attention, with Internet repostings, foreign translation, and video interviews.
The Libor
Scandal In Full Perspective
Paul Craig Roberts | The article about the Libor scandal, coauthored with Nomi Prins, received much attention, with Internet repostings, foreign translation, and video interviews.
The
Financial Crisis Was Foreseeable … Thousands of Years Ago
Washington’s Blog |
Economists, Military Strategists and Others Warned Us … Long Ago
The
Price Of Corn Hits A Record High As A Global Food
Crisis Looms
The Economic Collapse | Are you
ready for the next major global food crisis? The price of corn hit an all-time
record high on Thursday.
Prosecutors
investigate Vatican Bank mafia link
London Telegraph | Anti
Mafia prosecutors have asked the secretive Vatican Bank to disclose details of
an account held by a priest in connection with a money laundering and fraud
investigation, it emerged on Sunday.
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
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
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.
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
_______________________________________
{ some prior links of current interest }