Business Summary Links By Day
Graham Eats Humble Pie September 13,
2012 http://gainspainscapital.com { This is an especially great opportunity to
sell this suckers’ market/take profits! Nothing’s been
solved! Just because ‘no-recession-helicopter-ben’ says
something, does not mean it’s true (remember that ‘no recession call’ of his; and, of course, no QE before the election,
prospectively, already discounted many times over by the ‘markets,
such as they are, ie., algo buy programs, etc.. ). All this and now ‘whatever’ is too little and too late for the uss Titanic which
has taken on too much, not water, but b***s***. This was a desperate move,
bespeaking desperation.The fact is things are ominously so bad, and worse than ‘allowed’ to be seen
for the moment, that something as this QE which is economically and financially
contraindicated and a proven failure for all but the frauds on wall street
along with their cohorts including desperate politicos, is resorted to in
desperation to divert attention from their unequivocal failure. After all,
though having cost so many americans their jobs with wrong calls and policies,
bernanke is trying to save his own by inflating the markets (along with
everything else, ultimately hyperinflationary)
for fellow failure wobama’s sake (wobama rehired failure bernanke, President
Romney would have fired, and will fire him … goldman sachs knew this dollar debasing failed
policy QE 3 would come and at the expense of the muppets…that’s their
term for all you suckers). I further believe this contraindicated largess to
the frauds on wall street is to preserve his post fedship tenure job
possibilities by ingratiating himself even further with those nefarious,
self-serving interest groups. } ‘For months
I’ve
predicted we wouldn’t see QE 3. It’s now clear I was wrong. The Fed just announced QE 3.
And while the implications of this will not be positive for the cost of living
in the US, or ultimately the markets (inflation will eat away profit margins),
the fact of the matter is that on this forecast I was totally and completely
wrong. With that in mind, I’m openly admitting that this call was 100% incorrect.
Ditto for my predictions of the ECB’s moves. The ECB’s actions are of questionable value. However, the
fact remains that the ECB is monetizing bonds or will at least try to (unless
Germany stops them). So I was 100% wrong there too…’, The Fed
Panicked Posted by: Econophile Post date: 09/13/2012 - The Fed panicked. It is extraordinary that the
Fed would announce an open-ended "we'll print as much as it takes, as long
as it takes" policy. Chairman Bernanke is sending a signal to the markets
and... ‘ , Dave’s
Daily: http://www.etfdigest.com ‘FED IN FOR A PENNY IN FOR A POUND 9-13-12
Basically the Fed has gone too far done the money printing mode to stop
now. They believe what their policies will stimulate employment but all operations
in this regard have failed. The Bernank will spin this as an apolitical move
coming two months before an election that could cost him his job…just sayin’.The
highlights include: Fed to keep policies stimulative for a considerable time.
The Fed will buy $40 billion Mortgage Backed Securities continuing Operation
Twist and extends (aspirationally) ZIRP into 2015. The key language is the
following sentence from the official announcement:“If the outlook for the
labor market does not improve substantially, the Committee will continue its
purchases of agency mortgage-backed securities, undertake additional asset
purchases, and employ its other policy tools as appropriate until such
improvement is achieved in a context of price stability.”This policy
is intended to boost asset prices and prevent a Japanese style deflationary
cycle. No matter what they say, TPTB will always choose inflation vs deflation
every time. Thus far they’ve succeeded in supporting their primary clients, the
mega-banks. Beyond that these operations might see liquidity trickle down to
the 99%. For the rest of us now, it might be better to just toss money out the
window like the bank robbers yesterday. At least this would go directly to the
people, again…just sayin’. Price stability which they believe exists, exits
only in the conjured-up data from the flawed structure of the CPI and other
measures. My understanding is there isn’t enough MBS debt around for them to buy at $40
billion a month. Maybe they’ll start going to garage sales to buy stuff thus
pumping up prices. The bottom line for us is we’re long markets from stem to stern so why should we
complain? Being disciplined and systematic is more important than raging at the
machine. One thing QE has done is to make a hash of normal technical analysis
since “the more
money than brains” theme trumps everything. Let’s just say
everything was higher today with the exception of the dollar and conventional
bonds. Volume on this bullish QE day was much higher than recently putting
previous light volume melt-ups in the rear view mirror. Breadth per the WSJ was
quite positive but shy of a 90/10 overall… , QE3:
Helicopter Ben Bernanke Makes It Rain Money http://albertpeia.com/debaseddollarfailedstrategy.htm ‘…The course that the Federal Reserve has
set us on is utter insanity. Ben Bernanke can rain money down on us all he
wants, but it is not going to do much at all to help the real economy.
However, it will definitely hasten the destruction of the U.S. dollar…’ , The
Punchline In His Own Words: Bernanke Advocates Blowing Asset Bubbles As The
Antidote To Depression
ZeroHedge.com If there was one
absolutely must see moment exposing everything that is broken with the
Fed's brand new policy of QE-nfinity, it was this exchange between Reuters' Pedro da Costa and the Chairman. It
explains, beyond a reasonable doubt, that the only goal the Fed now has is to reflate the stock
market bubble to previously unseen levels, to focus on generating jobs although
not for everyone but only for Wall Street, consequences be damned, because by
the time the consequences arrive, and they will (just recall that subprime is
contained) they will be some other Fed chairman's problem. Bernake's term
mercifully runs out in January 2014
, Up
In case you missed it. Markets soared on the back of possibly the
darkest day in central-planning banking largesse. Gold and Silver were the biggest winners,
though stocks will get all the attention we are sure. Treasuries initially sold
off on the news that this was an MBS program (and mortgage spreads collapsed from already
record tights) but by the close, Treasury yields had almost
round-tripped to pre-FOMC levels. For the first hour or so after the news, all
assets moved in sync and correlations soared across risk-assets, but as the
afternoon wore on, FX carry consolidated, Treasuries retreated (and 2s10s30s
fell), dragging risk lower leaving
stocks up near their highs in a world of unicorns and free-money.
Notably, it appeared that stocks caught up to high-yield credits' recent
exuberance and then found little ability to push ahead. HYG (the high-yield
bond ETF) remains notably rich to real bond prices. VIX tumbled under 14% (down almost 2 vols)
but notably the term structure of vol collapsed even more - as
it seemed the QuEnfinity prompted longer-term hedges to be lifted. A
remarkable day in many ways as the S&P crosses over 14x P/E and AAPL over
20% of the Nasdaq-100. , Guest Post:
Psychoanalyzing The Fed There is one last irony in Bernanke's
constant promotion of his powers to unleash QE. Having talked
up the market for years with his promises/threats of QE, the market has priced
in ever higher doses of QE, in effect bidding expectations of QE's
effectiveness to the sky. Bernanke has lost the power to surprise the market.
Having raised expectations to the sky, he must deliver something beyond the
stratosphere to surprise the market. But he doesn't have anything capable of
matching the absurd expectations he's inflated, never mind exceed them. The only surprise left is a negative one.
Chairman Bernanke and his fellow doves will soon realize the consequences of
over-promising and under-delivering. It works better the other way around, but
now it's too late. , Fed
Releases Latest Economic Forecast Which Will Be Proven 100% Wrong With a few minutes to go until Ben speaks,
the entirely useless projections are out (as noted before by Reuters that the
Fed has been constantly wrong in its forecasts). The stunning punchline is that
according to the Fed things are not as bad as one would have expected given the
dramatic open-ended shart-fest that Bernanke is portraying. In fact, things are
improving per the FOMC! Though we assume that these projections are
self-defeating since they likely include this new policy. Be interested to see
the pre-policy projections.
One wonders, whether in addition to
having excel models which appoarently do not recognize circular assumptions, if
the Fed's forecasts also assume $10 gas, $100 loaves of bread, and $10,000
gold?
I THINK IT IS TIME TO
RECOGNIZE THAT BERNANKE IS TOTALLY BURNED OUT IF NOT ABSOLUTELY INSANE (YOU
RECALL THOSE PROPAGANDA ROUNDS AT THE SCHOOLS, ETC.; THOSE CAPTIVE AUDIENCES
WHO COULDN’T CARE LESS). HE IS TOTALLY INCOMPETENT! THE FACT IS, BEYOND THE BLATANT
FAILURE OF HIS CONSISTENTLY FAILED POLICIES, HE STILL TALKS OF ‘GROWTH’ AS
BEING SOMETHING OTHER THAN THE INFLATIONARY IMPACT OF INFLATIONARY QE AND
UNDERSTATED INFLATION AND HIGHER PRICES THEREBY. IT’S REALLY QUITE INCREDIBLE
THAT ANYONE BELIEVES ANY OF THEIR B***S***!
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
_______________________________________
{ some prior links of current
interest }
