Business Summary Links By Day
Super Mario’s Big Bluff http://albertpeia.com/supermariosbigbluff.htm ‘… In closing, the new ECB program will ultimately prove to be Mario
Draghi’s big bluff. By presenting an old, failed program as something “new” and
“unlimited” in scope, the ECB has actually shown that it’s essentially out of
firepower. Indeed, consider the following…The ECB says it will
buy EU sovereign bonds if EU nations apply for bailouts from the EFSF. Spain
and Italy (the very countries that need bailouts) are meant to supply 30% of the EFSF’s funding.So
this new program involves Spain and Italy bailing themselves out, while
simultaneously implementing austerity measures so the ECB will buy their
sovereign bonds?!?!Oh, and by the way, the EFSF only has €65 billion in
funding left. That will definitely be enough to bailout Spain and Italy, seeing
as Greece has received over €200 billion in bailouts is still imploding.On that
note, if you are not preparing for a bloodbath in the markets, now is the time
to do so. The reality is that the Central Banks are fast losing their grip on
the markets. They’ll never admit this publicly, but I can assure you that
Bernanke and pals are scared stiff by what’s happening in the banking system
right now…’ , Dave’s Daily: http://www.etfdigest.com
‘ALGOS PLAY IN LIGHT
VOLUME 9-10-12 Markets almost saw little if any volume
Monday. As the afternoon session progressed algos stepped-up the profit-taking
especially after a much worse than expected Consumer Credit report (-$3.28
billion vs $9.2 billion expected) allowed algos to hit the sell switch. Absent
any other news, and with volume very light, there was little support to be
found. Most of the day Monday was spent with markets propped and waiting
primarily for Thursday’s Fed meeting. One would think the poor Consumer Credit
report would be a QE stimulant and may well be one. For now however it’s just a
trading opportunity. For bulls it means some overbought conditions eased while
bears believe QE is already priced-in. Only time will
tell who’s right. Tech put in another poor showing led lower again by Intel
(INTC) as PC demand remains weak. Just about everything that had been higher
late last week was fair game for sellers on Monday. I posted a few charts below
as economic data remains scant while most investors await the Fed…’ , The
Student Loan Debt Bubble Is Creating Millions Of Modern Day Serfs http://albertpeia.com/studentloandebtserfs.htm , The
Real Unemployment Numbers Are Worse Than You Are Being Told http://albertpeia.com/realunemploymentnumbersmuchworse.htm
{ Sampling some
of the network talking head roundtables over the weekend I was astounded how many
wobamanoid apologists talked up the dismal, paltry private jobs, many part-time
or low-pay, without mention of the record insurmountable $5 trillion increase in
the deficit to create them for the purpose of obscuring wobama’s blatantly failed
performance as potus. Such people, either so partisan, so unschooled in the relevant
disciplines, so ill-prepared for the journalistic task entrusted to them, literally
have no defendable place in the field of real journalism and are an embarrassment
to all that journalism purports to be. }
, The
Historic Demise Of The Ever-Shrinking Dollar: An Infographic ZeroHedge.com The almighty Dollar is looking less mighty these days. By almost
every measure, the purchasing power of the US Dollar is in precipitous decline.
The following infographic, whose contents should be well-known to our readers,
visualizes the sad state of affairs that the average American seems to have
ignored for far too long. And since the whole world is now engaged in the 4th
year of all out currency debasement one can safely channel Lester Burnham and
say it's "all downhill from here."
, Investors,
Nostalgic For Logical Markets, Boycott New Centrally-Planned Normal , Guest
Post: The Contrarian Indicator Of The Decade? ‘…And the uber-bullishness is based on what? Hopium. Hope that the
Fed will unleash QE3, or nominal GDP level targeting and buy, buy, buy —
because what the market really needs right now is more bond flippers, right?
Hope that Europeans have finally gotten their act together in respect to buying
up periphery debt to create a ceiling on borrowing costs. Hope that this time
is different in China, and that throwing a huge
splash of stimulus cash at infrastructure will soften the landing , Next: The Great
Recoupling The chart below from
UBS' George Magnus captures perhaps better than anything, not only the reason
why the global economy grew with the speed it did over the past 40 years, not
only why "globalization" (a/k/a finding new places to issue debt in
exchange for secured assets and unsecured cash flows all the while under the
umbrella of globalist organizations: see Confessions
of an Economic Hit Man) was the primary urgency for the status quo, not
only why the developed world managed to delay the inevitable day of reckoning
for as long as it did, but most importantly, why the global day of debt-saturated
reckoning is coming. , Market
Realizes It Has Already Priced In QE
, Consumer
Credit Posts First Drop Since August 2011 Following Nonsensical Data Revision , It's
Different This Time: PMIs And Global Stocks The fundamental backdrop, in the shape of economic lead
indicators and earnings momentum, has been deteriorating: manufacturing PMIs for the US, China,
Japan, Korea, the Euro zone, and the UK are all now sub-50, and consensus
earnings growth estimates for 2012 have been halved in recent months.
What has this meant for Global Equities? Well, as UBS notes, in the last three
months, very little. The MSCI AC World index is up more than 12% from the 4
June low. That markets have rallied while fundamentals have deteriorated in
this manner is unusual. Historically, equity market rebounds have tended to
coincide with a trough in PMIs and earnings momentum – that is, when PMIs have
stopped going down and the pace of earnings downgrades slows (waiting for PMIs
to recover to 50 or for earnings momentum to turn positive is usually too
late). Markets now appear to
be taking their cues from central bankers: potential policy actions are
becoming a sort of ‘lead indicator of the lead indicators’, if
you will. Given the recent rally, in addition to underlying macro weakness,
policy action - and effective action at that – has become increasingly
important for investors. Without it this recent rally could end up looking
more like a false start than a head start.
, Guest
Post: How Draghi Opened The Door To Hyperinflation And Denied The Fed An Exit
Strategy , Another
Ex-Fed Governor Admits "Only So Much Fed Can Do" , California
Lt. Governor: This Aggression Against Our Expropriation Of Private Property
Will Not Stand, Man , GM
Loses Over $49,000 On Every Chevy Volt
, Two
Days Ahead Of More QE, JPM Finds That World Is Already "Drowning In
Liquidity"
A few days ago, the BOE's Andy Haldane, rightfully, lamented that
the apparent "solution" to the exponentially growing level of
complexity in the financial system is more
complexity. Alas, there was little discussion on the far more relevant
central planning concept of fixing debt with even more debt, especially as the
US just crossed $16 trillion in public debt last week, right on schedule, and
as we pointed out over the weekend, there has been precisely zero global deleveraging
during the so-called austerity phase. But perhaps most troubling is that with 2
days to go to what JPM says 77% of investors expect with be a NEW QE round (mostly
MBS) between $200 and $500 billion in QE, the world is, also in the words of JP
Morgan, drowning in liquidity.
In other words, according to the central planners, not only is debt the fix to
record debt, but liquidity is about to be unleashed on a world that is, you
guessed it, already drowning in liquidity. The bad news: everything being tried
now will fail, as it did before, because nothing has changed, except for the
scale, meaning the blow up will be all that more spectacular. The good news: at
least the Keynesians (or is it simply Socialists now?) out there will not be
able to say we should have just added one more [ ]illion in
debt/liquidity and all would have worked, just as our textbooks predicted.
Because by the time it's over, that too will have happened. , Rising
Food Prices Continue to Climb, with Prices Up 10% in July Alone Lisa Garber | Food prices are rising, and
consumers are feeling it.
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 }