Business Summary Links By Day
Dave’s
Daily: http://www.etfdigest.com
‘QE
QUESTIONS { To QE or not to QE, that is
the question…whether it is nobler in the mind to suffer the slings
and arrows of outrageous destruction of fortunes … ah, yes … good
choice Dave … I know those soliloquies by heart…and now, a
little Lewis Carroll with a mad hatter none other than
helicopter-ben-shalom-bernanke … } 8-28-12 It’s not like
words fail me, it’s that volume and waiting do. Yesterday I didn’t post as
volume on much watched SPY was only (cough) 65M shares. That’s even less
than a half-day holiday-like trading. Markets followed by doing little. What’s the point
of even discussing it? As long as economic data dominates without market
reaction it’s hard to write much. I may continue light posting
until Friday if this persists. All eyes are glued to whatever hints develop
before Jackson Hole and events that follow in rapid fire succession in
September. Traders (wish I had done the same) have taken the last two weeks of
August off. That in itself isn’t unusual but this lack of action is extreme. Clearly
those less fortunate junior traders have been left in foxholes to defend the
market status quo. Both bulls and bears are essentially sidelined. The Fed’s oracle,
Hilsenrath is awaiting orders and targeted leaked information to assuage
investors causing algos to jump or not. Early on it was noted the ECB’s Mario
Draghi would be making an appearance and might have been the star of the
Jackson Hole show. But today he backed out. Some have rationalized this to mean
he either didn’t want to steal the limelight from Bernanke or he had
no ability to confirm previous statements to “defend the euro at all costs” and etc.
Perhaps this might mean in Bernanke’s speech Friday he will reveal new actions. If he has
the authority to implement another round of QE he must have gotten votes to do
so via a conference call with other voting Fed governors. But I speculate.
Spain’s GDP
shrunk once again to -.4% which seemed generous given the news backdrop. The
Catalan province “demanded” a €5 billion bailout “without” any conditions. (Beggars are now choosers.)The Basel
Group is now under direct ECB pressure to relax new liquidity rules for banks
which some might surmise would allow for additional misbehavior.Not to be left
out, Japan is lowering its GDP estimates but can’t really find a firm number to assign to it. Let’s just say
things aren’t good.In the U.S. Consumer Confidence imploded (60.6
vs 65.8 expected & prior 65.9) or a 9 month low. This was quite stunning
and may be the result of rising gas prices and ongoing joblessness. You wouldn’t have
known this by the Consumer Discretionary sector (XLY) which rallied on the
news. This reflects the “bad news is good” theme for QE pimps. Bulls liked that Home Prices
rose .9% or the same as in June although it seems to me this is the season for
home buying. But even Shiller commented that improvement was nice but there
wasn’t a rush to
buy. The Richmond Fed Index was better but still weak at -9. http://albertpeia.com/consumercon.png Wednesday will feature U.S. GDP data,
Corporate Profits and Pending Home Sales. This is an intense week for economic
data although the featured player remains the Bernank.The dollar (UUP) was weak
while gold (GLD) and silver (SLV) were higher. Oil (USO) was only slightly
higher keeping commodity tracking ETF (DBC) only slightly better on the day.
Bonds (IEF) once again rose on the weak overall economic data.Stocks limped
along throughout the day Tuesday closing mostly unchanged. Volume was once
again ultra-light and breadth per the WSJ was mixed overall…’ , Drudgereport: Gasoline To Hit Labor Day
Record Price... { Predominantly the consequence of failed QE for the
benefit of fraudulent wall street only and wobama’s (failed) re-election scam! }
, Is
There Going To Be A Stock Market Crash In The Fall? http://albertpeia.com/stockmarketcrashcoming.htm { Short answer, YES! If there’s still any
rationality left in these stock markets! }
, FOUR REASONS WHY THE FED WILL
NOT ANNOUNCE QE 3 THIS FRIDAY gpc1981 http://albertpeia.com/4reasonsnoqe3.htm , $16,OOO,OOO,OOO,OOOBAMA! ZeroHedge.com November
16, 2011 was a historic date: that's when the US officially surpassed $15
trillion in debt for the first time since World War 2. We celebrated it by
cheering $15,OOO,OOO,OOO,OOOBAMA. Today, August 28, 2012, is when we can unofficially
celebrate again, because 286 days after the last major milestone was surpassed
with disturbing ease, total US debt following today's $35 billion auction of 2
Year bonds is, well, in a word: $16,OOO,OOO,OOO,OOOBAMA!
, Judgment
Day For The Euro And What's At Stake Europe and the world are
eagerly awaiting the decision of Germany’s Constitutional Court on
September 12 regarding the European Stability Mechanism (ESM), the
proposed permanent successor to the eurozone’s current emergency lender, the European Financial
Stability Mechanism. The Court must rule on German plaintiffs’ claim that
legislation to establish the ESM would violate Germany’s
Grundgesetz (Basic Law). Nobody knows how the Constitutional Court will rule on
these objections. It is good that the Court’s decisions cannot be forecast, and even better that
the Court cannot be lobbied or petitioned. The European Union can be based only on the rule of law.
If those in power can break its rules on a case-by-case basis, the EU will
never develop into the stable construct that is a prerequisite for peace and
prosperity. , The
'Euphoric' Economy And Why 'They' Didn't See It Coming We are often asked for glossaries or
background posts to help in the comprehension of how-we-got-here?, where-here-is?,
and where-we-are-going? We hope that our posts, while diverse in nature, build
upon one another and provide an educational platform for all levels of
market/economy participant (active traders, passive investors, and working /
non-working citizens alike) but as far as a succinct primer on how broken the status quo is and the 'euphoric'
economy that very few could see through their Keynesian "debt doesn't
matter" blinders, Steve Keen's introductory lecture at UWS
is perhaps the most complete soup-to-nuts discussion we have seen recently. From
the OECD's total ignorance to Bernanke's 'Great Moderation' miss; from economic
'religion' to science; and from Keynes to Minksy, Keen explains, in
language even Chuck Schumer could understand, how more debt doesn't solve too
much debt, how stability breeds instability, and why the US won't be finished
deleveraging until 2025 (at this rate).
, The
Ultimate Visualization Of Australia's Housing Bubble , Guest
Post: China's Difficult Choice Over
the weekend, we pointed out that the old
mechanism for the People’s Bank of
China to expand its balance sheet and create base money has been broken by
new funds flow pattern, and it will sooner or later require some sort of large
scale asset purchases programme a.k.a. quantitative
easing to offset the impact of the broken mechanism (after other tools such
as cutting RRR reach their limits). However, we also mentioned that as the private
sector is currently quite overstretched and will start the deleveraging process
(if they have not already started), and that would render traditional
monetary tools useless, and quantitative easing ineffective. And that would
necessitate deficit spending at both local and central government levels. If we
have read the social mood correctly that China might be more pro-austerity than pro-Keynesian,
and if policymakers indeed share that view, then the consequence in the near
term could be rather grim. The delay in stimulus as well as the small size of
it so far has already done damage, if you like. The economy is
already on course to a hard landing.
, China's
'Non-Performing Loan' Nightmare , From
Hard Landing To Train Crash, All Chinese Indicators Have Slammed On The Brakes , Guest
Post: The New Endangered Species: Liquidity & Reliable Income Streams , Drought
Crop Update: From Harsh Expectations To Harsher Reality , Despite
Record High Stocks, Consumer Confidence Crashes to 9 Month Low , Case
Shiller Home Prices Beat Expectations, Rate Of Increase Slows , Guest
Post: The Rot Runs Deep 2: Don't Call Out My Scam And I Won't Call Out Yours
"Everybody's going to war but we
don't know what we are fighting for."– Nerina
Pallot, from "Everybody's Gone to War"
Henry
Paulson Confronted on Threatening Congress With Martial Law
We Are
Change | Paulson’s cronies strong arm citizen journalists to prevent
questions to former Treasury Secretary and Goldman Sachs executive.
It
Is Not Just Your Imagination – American Families ARE Getting Poorer
The
Economic Collapse | Did you know that median household income in the United
States is lower today than it was when the last recession supposedly ended?
Breaking
Evidence in Gov’t Fraud Revealed
Infowars.com | The U.S.
Government is the world’s largest buyer of goods and services.
UK
Daily Mail | The iPhone has already replaced digital cameras, MP3 players and
portable games consoles for most owners.
Whispers
on Wall Street: Major Financial House Is Going to Implode… Could It Be Morgan
Stanley?
Mac
Slavo | Before the collapse of mega behemoth Bear Stearns there were rumors
that a major Wall Street firm had bitten off more than it could chew.
Summer
Is Over With A Bang As Bomb Explodes Outside Greek Bank
Zero
Hedge | A makeshift bomb exploded outside a National Bank of Greece branch in
Athens early on Tuesday, causing minor damage but no injuries, police said.
Feds:
Too few Americans ‘turn to government for assistance’
Washington
Examiner | More Americans rely on their families for assistance than the
government, so federal officials have undertaken an effort to help people to
apply for federal assistance.
Blunt Christie tells Republicans it's time to face fiscal truth
- TAMPA, Florida (Reuters) - New Jersey Governor Chris Christie accused
Democrats of refusing to tell Americans the truth about the depth of the
country's deep fiscal woes on Tuesday in a pugnacious... { I
had no idea Gov. Christie was a former federal prosecutor. Maybe he could find
out what happened to asst. us attorney Jonathon Lacey, the
files/documents/exhibits etc., from as well, former us attorney alito and fed
judge maryanne trump barry, former us trustee leonard … http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
http://albertpeia.com/fbimartinezcongallard.htm }
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 }