Business Summary Links By Day
Doug
Casey Predicts Day of Economic Reckoning Is Near (Casey Research
8-27-12) http://albertpeia.com/caseysayseconomicreckoningnear.htm , ANGELA
MERKEL JUST REVEALED THE TRUTH ABOUT EUROPE gpc1981 http://albertpeia.com/truthabouteurope.htm , It
Is Not Just Your Imagination - American Families ARE Getting Poorer http://albertpeia.com/americansgettingpoorer.htm , A
Flashing Warning On The "Unintended Consequences" Of Ultra Easy
Monetary Policy From... The Fed?!
Zerohedge.com , Guest
Post: The Endless War: Saudi Arabia Goes On The Offensive Against Iran , When
Channel-Stuffing Comes Home? GM 'Idles' Volt Production (Again) , Why
Paul McCulley Would Be Shorting The Economy With Both Hands Right Now According to the plethora of long-only
managers willing to trot out on the public stage and beg for more commissions,
the US has been (and will remain) the cleanest-dirty-shirt in the global risk
asset laundry basket; but as David Rosenberg of Gluskin Sheff points out not
only has the S&P 500 hit a new record high in its total return index but it
also possesses a rather
'ebullient' valuation premium (2012E P/E) of 13.8x relative to China 9.8x and
Europe 11.4x. However, while this is more than enough to slow
some investors from backing up the long-truck, Rosie goes on to highlight a
very worrisome indicator - that favored by ex-PIMCO's Paul McCulley. The YoY trend in the three-month moving
average of core capex orders (which was updated last Friday) has just cracked
negative, crushing the hopes of US growth prospects and we
assume equity superlatives. However, since the market no longer reflects
anything; certainly not the economy, but merely who will ease more when and
how, one really can't short much if anything, even if McCulley is 100% spot on. , Stocks
Stumble Despite AAPL's Best Efforts Not even the almighty power of AAPL could bring to bear a positive
end to the day for the S&P 500 or the Dow. Most notably, the Dow Transports
are now -2.3% from the highs last Tuesday and diverging aggressively lower.
Volume was simply incredibly low today (with London close) in NYSE and S&P
500 e-minis where volume was its lowest of the year by a long-way. VIX soared today, up over 1.2vols to 16.4%
with some major put-spread buying in SPY. The afternoon
weakness in gold, silver, stocks broadly (and specifically Materials,
Industrials, Discretionary, and Financials) tend to indicate a QE-off move but
Treasuries (which rallied 2-4bps) were largely unmoved in the afternoon. The
USD limped higher also (QE-off) all afternoon but ended the day practically unchanged
with AUD weakness the
standout. Oil was volatile as Isaac was downgraded, cracks were
arb'd, and SPR-release rumors swung it around - though the
economically-sensitive commodities
all clustered together at the close around -0.5%. , Lies,
Damned Lies, And Pianalto's QE/Deleveraging Lies We tried to bite our tongue; we ignored some of the sheer
hypocrisy of Cleveland Fed's Sandra' oh Sandy' Pianalto (that QE2 was a definitive
success in 2010 but now LSAPs require more analysis of costs and benefits);
but when she started down the road of praising the US consumer for deleveraging
we had enough. In the immortal words of John Travolta: "Sandy, can't you
see, we're in misery" as while she notes consumers cutting back on credit card debt (due to forced
bankruptcies we note), Consumer debt has only been higher on one month in
history! Soaring auto loans and student debt should just be
ignored? There is no
deleveraging - Total US Consumer debt is 0.23% from its
all-time high in mid-2008, and will with all likelihood break the record at
the next data point. Meanwhile her speech, so full of
careful-not-to-over-commits can be summed up by the world-cloud that shows the
six words most prominent: 'Monetary Policy', 'Financial Conditions', and
most importantly 'Credit Economy'. Here's the deal: Consumer Debt is
Consumer Debt. , When
It All Goes Bidless: What Losing $1 Billion In 100 Milliseconds Looks LIke , Dallas Fed
Beats On Hope Alone As Prices Paid Jump Most In 19 Months , China
Stocks Drop To Fresh Post-2009 Lows Following Plunge In Industrial Company
Profits , Germany
Loses Confidence For The Fourth Month In A Row
Submitted by Tyler
Durden on 08/27/2012
Looking
for a Good Job? Don’t Get Your Hopes Up
In These
Times.com | If you think your job stinks, you’re not
alone.
Bankers
Told to Watch What They Say at Bar
Reuters
| After a series of banking scandals, banks’ compliance teams are ramping up their checks on
every aspect of office life.
U.S.
Debt On Track to Hit $16 Trillion Within Week
CNS
News | The federal government’s debt could hit an unprecedented $16 trillion this
week.
Not
Even Bernanke Knows What’ll Happen When The Fed Sell Trillions Of Dollars Worth
Of Bonds
Bruce
Krasting | House Oversight Committee Chairman Darrell Issa (R-Calif.) wrote a
letter to Ben Bernanke and Ben wrote back.
Over
80% of Infowars.com Poll Respondents Know Somebody On Government Dole
Kurt
Nimmo | 165 million Americans take money from their fellow
citizens.
AP Business
Highlights
...Yahoo Market
Update…
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
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.
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
Postal Service loses $3.2b in first quarter...
78% of
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{ some prior links of current
interest }