Business Summary Links By Day
Dave’s Daily: http://www.etfdigest.com
‘TRIAL BALLOONS FROM EUROZONE DOMINATE MARKETS 9-5-12 The U.S. Fed has its own leaker with
the WSJ’s Hilsenrath while the ECB uses just about anybody to test their future
QE strategies. Thursday the ECB may clue us in on what they’re actually going
to do vs all the talk. It appears the Germans are okay with some bond buying
but not necessarily unlimited.Markets have been responding to all this
tentatively which is helps the leakers to gauge what markets like or not.One
thing continues to haunt markets and that’s the ongoing economic contraction in
China. Investors there are literally begging the PBOC to reduce bank reserves
and employ other stimulus measures to stem the fall in equities there. Thus far
not much has come from the PBOC especially when the Wen
regime is about to end. Add to this their concern about a housing bubble and
ghost cities that more stimulus would just stimulate.In the U.S. economic data
included a bump in Nonfarm Productivity (2.2% vs 1.9% expected & prior
1.6%) while Unit Labor Costs were tame (1.5% vs 1.4% expected & prior
1.7%). The big downer was the report from FedEx (FDX) that forward earnings
would be reduced sharply to reflect the contracting economy globally. This
report was quite negative for markets and was clearly for transports (IYT).
After all shipping conditions are an important indicator for economic
conditions overall. At the same time investors bullish or otherwise are more focused
on the ECB Thursday and Fed given Friday’s employment report—it’s the “bad news
is good theme” in play until it doesn’t work any longer.So while there will be
Jobless Claims again Thursday most eyes will be glued to Draghi and his press
conference. This means what we comment about today is nothing by comparison to
the action that should take place Thursday and Friday.So stocks were basically
neutralized in advance of Draghi and may see more action even before the
employment report Friday.Investment Tip: Wait till you see the whites of their
eyes? But you’ll miss the first move bulls argue; however, I advise which move
which way?Volume was once again light as investors chose to sit things out
before the deluge of news. Breadth per the WSJ was mixed to negative…’ , The Next Round of
the EU Implosion is at Our Doorstep
September 5, 2012 http://albertpeia.com/nextroundeuimplosionnow.htm , Spot Gold $1700 ZeroHedge.com Earlier we
noted Gold's seeming clairvoyance with regard the expansion of the Fed and
ECB balance sheets over the last few years. It seems the EUR strength overnight
(or stop-run) has provided just enough USD weakness impetus to nudge spot Gold (not futures) back over $1700 for
the first time since March 13th. , Retirement
Reality Full Frontal: Why Every 30 Year Old Must Risk It All To Be Able To
Retire Exceptionally low interest
rates are bad for banks, insurers, and, more generically, anyone wishing to
save money. Of the three, it’s the situation of the savers that is most untenable. In
particular, Citi notes in a recent report, those wishing to retire at 65 or
thereabouts are in for a nasty surprise when they start to run the numbers.
Given that real yields are negative for Treasury bonds inside of 20-years, the
steady stream of inflows into investment grade bond fund that hold a mixture of
government, agency, and high grade corporate securities, will simply fail to return an adequate rate of
return commensurate with the current savings rates of most retirement savers.
What savers need to do is find higher asset returns or increase their personal
savings rate. As the chart below shows, there are few options but to go all-in to the most excessive ends of the
risk spectrum, or raise the proportion of savings and higher
savings rates lead to lower consumption, a decline in corporate profits, and
recession. , Citi's
'Red Flag' Warning From The Credit Markets
, Bad
News For NFP Bulls: Help Wanted Ads Plunge By Most Since Lehman Collapse , The
Post Globalized World Part 1: Why The PIGS Are Out Of Luck , 88%
Of Traders Expect A Spanish 'Bailout' By Year-End With the front-end of the Spanish (and Italian) credit spread
curves having compressed to what Goldman believes is 'fair-value' given rates
and current fundamentals, it seems the consensus expectation ahead of
tomorrow's ECB call is that Draghi will promise, deliver, and implement instantaneously.
In a recent client survey a stunning
88% of investors expect Spain to officially request activation of EFSF/ESM
support - subject to an MoU - by the end of the year (with 70%
expecting it by the end of October - the heavy redemption month). A full 50% expect the Italians to follow suit by
the end of Q1 2013. The paradox of course is that with the
spread cost of funding so 'low', Spain has no need to ask for the help that is
implicitly priced into the low yields - and with that huge maturity looming, it
seems they have two options: 1) pre-empt the redemption by issuing short-dated
debt now to fund it (piggy-backing on the ECB's confidence inspiration) but of
course this will signal no need for a short-term MoU and therefore no ECB
support and therefore bonds will sell-off; or 2) admit defeat, beg for help,
lose face and get the bailout... (as we await tomorrow's 'details' on the
seniority issue). The promise (or threat) of support implies it has to get
worse before it can get better. , US
Aircraft Carrier Stennis Is Now En Route To Join Enterprise And Eisenhower Off
Iranian Coast , Merkel
and Clinton Go To China: One Makes Deals, The Other (clinton) Gets Snubbed
Where is the bacon, Mrs. Clinton? , Guest
Post: What to Do When - Not If - Inflation Gets Out Of Hand The cheek of it! They raised the price of our favorite ice cream.
Actually, they didn't increase the price; they reduced the container size.
Raising prices is one thing. We understand raw-ingredient price rises will be
passed on. But underhandedly reducing the amount they give you… that's another
thing entirely. It just doesn't feel… honest. You've noticed, we're sure, how much
gasoline is going up. Food costs too are edging up. Kids' college expenses, up.
Car prices, insurance premiums, household items – a list of necessities we
can't go without. Regardless of one's income level or how tough life might get
at times, one has to keep spending money on the basics. According to the government, we're
supposedly in a low-inflation environment. What happens if
price inflation really takes off, reaching high levels – or worse, spirals out
of control? That's not a rhetorical question. Have you considered how you'll deal with rising costs? Are you sure
your future income will even keep up with rising inflation? If
your monthly expenses are about $3,000/month, you need 45 ounces of Gold to
cover two years of high inflation.
, Will
We Never Learn? Subprime Auto Loans Accelerating (Again)
Submitted
by Tyler Durden on 09/05/2012 That the
SEC is the most incompetent, corrupt, irrelevant and captured organization
"serving" the US public is known by everyone. And while the details
of the SEC's glaring lack of capacity to do anything to restore
investor confidence in the capital markets, which has become a casino used
exclusively by Wall Street to defraud any retail investor still stupid enough
to play (which lately a moot point as there have been no material retail
inflows into mutual funds in over three years), are scattered, courtesy of
Bloomberg we now have the best summary of just how the utterly clueless SEC is
a muppet plaything of Wall Street, and together with it, the "grand
regulation" that was supposed to keep Wall Street in check, is nothing but
what Wall Street demand it to be, and forced the SEC, way over its head on
regulation, to accept every change, that the very banks that are supposed to be
regulated, demands as part of Dodd-Frank reforms. In short: everything we know
about Wall Street 'regulation' has been a farce, and a lie, exclusively thanks
to corruption rampant at the now documentedly incompetent Securities And
Exchange Commission.
Posted on September 5,
2012 by News
Financial Post (Sept 5) — The price
of gold is expected to increase over the next four months as investors demand a
safe haven amid concerns over a euro-zone break up according to a new report
from Capital Economics.
“We would continue to emphasize that our forecast of a rise in price to
$2,000 per. oz by year-end does not rely on the launch of a third round of
qualitative easing (QE3). Rather it is mainly based on an exception that a
break up of the euro-zone will boost the demand,” said economist John
Higgins.
[Source]
JK Comment: So if gold’s rise to
$2000 doesn’t depend on QE3, what will happen to the price if
Bernanke does press forward? The specter of combined European and US easing is
certainly creating a bigger, perhaps even a ‘perfect’, storm for gold. Maybe it is the fact that gold
doesn’t ‘need’ QE3 to get
to $2000, yet QE3 seems like such a strong possibility, that is prompting a
spike in $2000 price predictions/expectations:
Here’s a few…….
Merrill
Lynch
Drakon Capital’s Guy Adami
Economist
Shayne Heffernan
Afshin Nabavi, head of trading at MKS
Finance
http://albertpeia.com/outrageoushospitalbills.htm
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 }
