Business Summary Links By Day
Dave’s Daily: http://www.etfdigest.com
8-15-12 ‘It’s hard to
imagine markets being this quietly determined to move higher without any
dissent. Bears are in hibernation consistently put-off by fear of QE3 and HAL
9000s. (Rosengrens
& Fisher duel over QE.) Economic data remains mixed with some better
housing data but much worse manufacturing data given today’s poor Empire State
Mfg Survey (-5.85 vs 7 expected & prior 7).
Within that data was very poor employment trends and much higher prices paid data.The CPI came in flat which was strange given the 20%
rise in most energy prices. The Homebuilders Sentiment rose to 37 from 35 which
is the highest since February 2007 but we know what happened after that.
Industrial Production was slightly higher (.6%) and energy inventories dropped
substantially allowing for more price gains.A chart
from the Fed shows “completed” new homes and presents a rather different
picture. http://albertpeia.com/newhousingunitscompleted.jpg Meanwhile eurozone
bulls remain enthusiastic there will be a “fix” even as Germans continue to
shout “nein, nein, nein.” I guess bulls just don’t believe German rhetoric.Little noticed in headlines are higher energy
costs stimulated by more war talk with Iran and much lower inventory data.
Saudi Arabia, Qatar and the UAE just ordered all their
citizens to leave Lebanon immediately
as the Syrian conflict escalates and headlines shout Israel
is preparing an attack on Iran.
Given such a publicized headline might mean it’s not going to happen, at least
not right away. If Obama is successful in securing a second term I doubt he’ll
be attacking anyone other than RNC headquarters.Beneath
the surface are some disturbing preparations the government is engaging in. The
Fed and Treasury have asked the TBTF banks to prepare an emergency plan should
there be an economic collapse. Homeland Security has been practicing for civil
disorder on a massive scale. Over the past two days several articles
have appeared suggesting various government agencies are ordering massive
amounts of deadly hollow point bullets as noted. This is all quite disturbing
and not denied by the government. I sound paranoid.As
noted stocks continued their stealth rally led mostly by tech (XLK), bonds
continued to sell-off during current auction, commodity prices (DBC) were
higher, and the dollar (UUP) was slightly stronger putting gold (GLD) back on
the defensive.Trading volume is the lowest since 2007
as the summer wears on and most investors must be awaiting Jackson Hole
results. Breadth per the WSJ was positive overall…’ ,
EUROPE HAS TWO POTENTIAL “HAIL MARY”
PASSES … WOULD EITHER OF THEM WORK { Short Answer: NO! } ? http://albertpeia.com/europesbailmario.htm , THE CODY WORD Prepare
for the crash now. , The
Hoarding Continues: China Has Imported More Gold In Six Months Than Portugal's
Entire Gold Reserve
ZeroHedge.com , Guest
Post: The Biggest Conflict Of Interest In Finance? Maybe this is a naive question, but as
Goldman clients get skinned again and again
and again and
again and again
by Goldman’s failed calls — while
Goldman itself continues to rack up prop trading profits — I keep wondering
just why anyone would take investment advice from a trading firm? And beyond
that, why is it even legal for trading firms to advise
clients? Isn’t this the biggest conflict of interest possible? We know firms
including Goldman have advised clients to buy junk that the trading arm wants
to get off its books. , Spot The Looming
Crisis Yes, we all know that Europe
is in deep, deep, trouble, and we all know that Europe has a major fiscal
deficit issue which is why well over half of the Eurozone
is effectively locked out of the capital markets, and only has funding courtesy
of various back door Ponzi schemes funded by the ECB,
and we also all know that on a consolidated basis Europe's debt/GDP is very
high. But the truth is that at least Europe is taking small steps to rectify
its historic profligacy and is at least pretending to be implementing austerity
(in some cases actually truly doing so). How about the US.
Well, the chart below should answer that particular question. Because while the
consolidated GDP of the US and Europe are nearly identical, they differ very
materially in terms of both fiscal deficit, and total Debt/GDP. The chart below shows precisely where the differences lie between
the United States of Europe
and the United States of
America. , Guest
Post: Former Central Bankers Step Up Against The Central Banks , Fed's
Fisher Reluctant To 'Bail Out White House' With More QE It was not enough that the Fed's Richard
Fisher was 'allowed' on CNBC this afternoon to expropriate himself and his
merry-Fed-men from his 'fanatical' colleague nemesis Rosengren;
but Maria B., for one glorious moment, asked a question so sensible it was
stunning: "Is The Fed Bailing Out
The White House?" The notably business-man-background
Fisher was wonderfully heretical in explaining that additional stimulus
would have little impact, that the Fed's action would indeed 'look political',
and that "US lawmakers need to get their fiscal act together."
While he doesn't see a high likelihood of a recession in 2013, he comprehends
clearly the wait-and-see 'defensive crouch' that businesses are in given the
huge uncertainty. On a slow day, with so much print-and-it's-all-fixed hope,
the clarifying vision of at least one man on the FOMC is perhaps worth holding
onto. ,
Global
Car-Maker Channel Stuffing Conspiracy 'Theory' Now Conspiracy 'Fact' , Guest
Post: The Sentinel Case - Another Nail In The Coffin Of 'Market Confidence' , Crushed
Consumption: The Unintended Consequence Of Bernanke's Arrogance With the Fed lowering interest rates and
flattening the curve in an effort to squeeze any- and every-one into
risk-assets and mal-investment; the sad truth of this action is that it forces
a drastic unintended consequence on the growing population of people that
actually care about the future. Critically, as Citi
points out, lower yields require much
higher rates of saving (both corporates and
households) and while 10% of salary allocated to 'retirement
savings' will meet its goals with a 4% return hurdle, at current low yields,
the average-joe
in the street will need to 'save' 25% of his income - cutting heavily
into his current consumptive and discretionary iPad
needs. , Summarizing
America's Record Drought In One Picture
, Crude
Spikes On Renewed Mid-East War Fears As Saudi Arabia Recalls Lebanon Citizens , Guest
Post: We Are All Muppets Now Muppets
only complain when the prop jobs and skimming fail to deliver fat gains to
their accounts. But being a muppet is being a mark: it's the muppets
who are being milked and skimmed. Being a participant in a
hopelessly compromised, rigged market makes us marks because we're ultimately providing
liquidity and capital for the players to skim. When the officially sanctioned intervention finally fails and the market
leaks 40% of its current value, the muppets will
finally understand the "outsized returns" were just a con used to
entice them into playing digital 3-card monte.
The game is rigged, but the greed of the player overrides his skepticism and
caution. The same can be said for pension funds and all the other institutional
players. Desperate for yield, they've foolishly ponied
up hundreds of billions of dollars to play 3-card monte
with crooked dealers and a crooked house.
, On
GDP vs Equity Returns, Bill Gross Is In Fact Right...
With A Twist … Hence, equities for
the short- and long-term, are essentially a Ponzi
scheme … , Killing
The 'Stocks Are Cheap' Myth Once And For All
Submitted by Tyler
Durden on 08/15/2012
- Investors Shift Money Out of China (WSJ)
- Rajoy Risks
Riling ECB in Bid to Avoid Union Ire (Bloomberg)
- Romney-Ryan See Fed QE as
Inflation Risk Amid Subdued Prices (Bloomberg)
- Spanish savers offered haircut
then money back (FT)
- Must wipe all traces of illegality
and settle for $25,000: Standard Chartered Faces Fed Probes After N.Y.
Deal (BBG)
- Greece debt
report backs cuts plan (FT)
- Greece seeks
two-year austerity extension (FT)
- Brevan
Howard Looks To U.S.
To Raise Money For Currency Fund (Bloomberg)
- Can he please stop buying gold?
Paulson, Soros Add Gold as Price Declines Most Since 2008 (Bloomberg)
- BOE Drops Reference to Rate Cut as
It Considers Policy Options (Bloomberg)
- EU Banking Plans Asks ECB to Share
Power, Documents Show (Bloomberg)
The Mississippi
River Is Drying Up http://albertpeia.com/mississippidryingup.htm
04:59PM Train Reading: Judges Urges Apple, Samsung CEOs to Talk at
The Wall Street Journal 04:44PM Limited Brands Earnings: Net Income Keeps Falling at
Wall St. Cheat Sheet 04:42PM NetApp Earnings: Net Income Falls,
Stock JUMPS at Wall St. Cheat Sheet
04:36PM Applied Materials Earnings: Net Income Dips, Stock Does Too
at Wall St. Cheat Sheet 04:35PM Cisco Systems Earnings: Profit ROCKETS Higher for Third
Straight Quarter at Wall St. Cheat Sheet
04:32PM Agilent Technologies Earnings: Investors HATE These Numbers
at Wall St. Cheat Sheet 04:16PM Foreign Regulators Take Lead On High-Frequency Trading at
The Wall Street Journal 04:15PM Cisco Systems Earnings: Profit ROCKETS Higher for Third
Straight Quarter at Wall St. Cheat Sheet
04:11PM Index ETFs: Is Buy and Hold Dead?
ETF Trends 04:00PM STOCKS GO NOWHERE: Here's What You Need To Know Business
Insider 03:57PM Small-Cap Stocks at Key Bullish Juncture at
The Wall Street Journal 03:45PM Is The Euro Dying Already? at The Wall Street
Journal 02:50PM Ben Bernanke's Waiting Game at The Wall Street
Journal 02:43PM What Money Goes Around Comes Around at
Motley Fool 02:15PM InPlay:
Stock indices remain range bound but extend slide off midday highs -- Dow -15,
S&P +0.06, Nasdaq Comp +6 Briefing.com
12:45PM Markets Hub: Housing Could Drive Inflation Up at
The Wall Street Journal 12:45PM This Restaurant Stock is Looking Tasty at
Motley Fool 12:44PM Toxic Migration and the Bull Case at
Minyanville 12:01PM This Restaurant Stock is Looking Tasty at
Motley Fool 11:52AM Nike Stealing the Olympic Show at
Motley Fool 11:32AM Index, ETF option volumes near midday optionMONSTER 11:28AM Index, ETF option volumes near midday optionMONSTER 11:07AM What Money Goes Around Comes Around at
Motley Fool 10:48AM Low Margin Sales Hurting Boeing at
Motley Fool 10:18AM Nike Stealing the Olympic Show at
Motley Fool 10:15AM Are Analyst Ratings Confirming the Bull Market? at
Minyanville 10:14AM Nike Stealing the Olympic Show at
Motley Fool 10:14AM Low Margin Sales Hurting Boeing at
Motley Fool 10:11AM Wednesday Worries: Goldman Takes Away The Punch Bowl at
Seeking Alpha 09:57AM InPlay:
Stock indices hovering near highs after mixed start -- Dow +7.8, S&P +2.2, Nasdaq Comp +9.3 Briefing.com
09:31AM Lowes Cos Second Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 09:29AM Urban Outfitters Second Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 09:25AM Nokia and SPDR S&P 500 ETF Among Most Active Stocks in NYSE
Pre-Market at Minyanville
09:18AM Wal-Mart Earnings Sneak Peek at
Wall St. Cheat Sheet 09:09AM Target Corp Earnings: The Profit Streak Continues at
Wall St. Cheat Sheet 09:00AM Pre-Market Primer: Inflation Flatlines
Again at Minyanville
08:59AM Deere & Co. Earnings: Short of Analyst Estimates, Stock
Down 5% at Wall St. Cheat Sheet
08:44AM Cycles of War and Financial Markets at
Minyanville 08:40AM Staples Earnings: Heres Why Shares
are Crashing 16% Now at Wall St. Cheat Sheet 08:37AM Abercrombie & Fitch Earnings: Investors Ignore These
Numbers at Wall St. Cheat Sheet
08:35AM Target Corp Earnings: The Profit Streak Continues at
Wall St. Cheat Sheet 08:30AM Deere & Co. Earnings: Short of Analyst Estimates at
Wall St. Cheat Sheet 08:30AM ES Support and Resistance for August 15 at
Minyanville 07:52AM [video] The Haves and the Have-Nots
at TheStreet
07:41AM [video] The Paul Ryan Medicare Plan...Dissected at
TheStreet
Posted on August 15, 2012
by News
Posted on August 15, 2012
by News
Posted on August 15, 2012
by News
Posted on August 15, 2012
by News
Posted on August 15, 2012
by News
Posted on August 15, 2012
by News
Approval
of Congress falls to all-time low (10% approval)
Factory
owners: Federal prisoners stealing our business
CNN | Unicor’s prisons pay inmates as little as 23 cents an hour
to make goods for the Pentagon and other federal agencies.
Crude
Spikes On Renewed Mid-East War Fears As Saudi Arabia
Recalls Lebanon Citizens
Zero Hedge | Paint is
drying, so what is the best way to break the monotony?
Aaaand It’s Gone: This Is Why You Always Demand Physical
Zero Hedge | We have said it over and over, we’ll say it again.
U.S.
banks told to prepare for financial collapse
Natural News | Is the nation and the world headed for another financial
meltdown? You would think so, judging by what U.S. banks have been told to
prepare for by regulators.
‘It’s
a free. F***ing. Country’:
Jamie Dimon’s foul-mouthed rant as JP Morgan boss
attacks ‘banker bashers’
thisismoney.co.uk | Jamie Dimon, the boss of blue blooded US investment bank JP
Morgan, has launched a foul mouthed attack on ‘banker bashers’.
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
FBI Nazi
Bikers Bust FBI Nazi Bikers - What's Up At The FBI/DOJ?
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 }