Business Summary Links By Day
How
QE3 Will Make The Wealthy Even Wealthier While Causing Living Standards To Fall
For The Rest Of Us http://albertpeia.com/qe3wealthywealthiertherestpoorer.htm , Where
We Are and Where We’re Going
(Week of September 17, 2012) http://gainspainscapital.com http://albertpeia.com/hereandthere.htm , ‘My sense
is [QE3] is going to have a greater effect on inflation
and a minimal impact on jobs.’—Jeffrey Lacker President , Richmond Federal Reserve Bank , Dave’s
Daily: http://etfdigest.com ‘MARKETS TAKE A BREAK 9-17-12 China stocks were hit hard yesterday with Shanghai indexes
weaker by 2-2.5% and down to levels not seen since 2009. Much of this has to do
with leadership uncertainty as a changeover is at hand. The current government
seems caught between stimulus given weakening economic data and inflation
concerns occasioned by food, energy and housing prices. This data in turn
caused eurozone stocks to fall which then
hurt U.S. markets. In the U.S. the poor Empire State Mfg Survey results (-10.41
vs -2.00 expected & prior -5.85) continues to indicate economic
contraction. For bulls this may be QE friendly (“bad news is good” theme) but given the rally already experienced caused
some profit-taking.We should remember previous QE
programs haven’t succeeded
in solving the economy’s primary
problems—unemployment
and protecting the purchasing power of the dollar (energy & food). I would
say the bloom isn’t off the QE
rose just yet but markets were much overbought and needing a break with some
reflection.Not tolerating any break is the real U.S. stock market doing
business as Apple (AAPL) which continues to
ignore its lesser members and rally. It’s said nearly 2M new iPhone 5s were ordered already. Imagine
all the new phone plans buyers have to negotiate. Many Americans previously
tied down by car debt (and still are) now have cell phone provider debts to
deal with as well.Everything that was up last week begins this week lower and
vice versa. There may have been some kind of trading event at the CME regarding
crude oil which dove sharply in minutes. The
pulled other commodity prices sharply lower as well. Analysts were hard-pressed to explain it.Volume Monday returned to its former light volume ways
perhaps highlighting a new normal. Breadth per the WSJ was negative relieving
some short-term overbought conditions.’ , University
of Colorado prediction model points to big Romney win Read more: http://dailycaller.com/2012/08/23/university-of-colorado-prediction-model-points-to-big-romney-win/#ixzz26ZnrMS7E , How
China's Rehypothecated "Ghost" Steel Just Vaporized, And What This
Means For The World Economy
Zerohedge.com One of the key
stories of 2011 was the revelation, courtesy of MF Global, that no asset in the
financial system is "as is", and instead is merely a copy of a copy of a copy-
rehypothecated up to an infinite number of times (if domiciled in the UK) for
one simple reason: there are not enough money-good, credible assets in
existence, even if there are more than enough 'secured' liabilities that claim
said assets as collateral. And while the status quo is marching on, the Ponzi
is rising, and new liabilities are created, all is well; however, the second
the system experiences a violent deleveraging and the liabilities have to be
matched to their respective assets as they are unwound, all hell breaks loose
once the reality sets in that each asset has been diluted exponentially.
Naturally, among such assets are not only paper representations of securities,
mostly stock and bond certificates held by the DTC's Cede & Co.,
but physical assets, such as bars of gold held by paper ETFs such as GLD and
SLV. In fact, the speculation that the physical precious metals in circulation
have been massively diluted has been a major topic of debate among the precious
metal communities, and is the reason for the success of such physical-based
gold and silver investment vehicles as those of Eric Sprott. Of course, the
"other side" has been quite adamant that this is in no way realistic
and every ounce of precious metals is accounted for. While that remains to be
disproven in the next, and final, central-planner driven market crash, we now
know that it is not only precious metals that are on the vaporization chopping block:
when it comes to China, such simple assets as simple steel held in inventories,
apparently do not exist. , It's Just Getting
Stupid! As Cantor's Peter Cecchini
notes today "when
things are this senseless, a reversion to sensibility will occur again at some
point." His view is to be long vol and as the
disconnect between the economic cycle and stocks continues to grow, we present
three mind-numbing charts of the exuberant hopefulness that is now priced in (oh
yeah, aside from AAPL actually selling some iPhones in pre-order). Whether
it is earnings hockey-sticks, global growth ramps, or fiscal cliff resolutions,
it seems the market can only see the silver-lining. We temper that extreme
bullish view with the fact that all the monetary policy good news has to be
out now - for Ben hath made it so with QEternity. , Goldman
On The Fiscal Cliff: Worse Before It Gets Better As we have explained recently, the US fiscal cliff is a far more
important issue 'fundamentally' than the Fed's economic impotence. While most
market participants believe some kind of compromise will be reached - in the
lame-duck session but not before the election - the possibility of a 3.5% drag
on GDP growth is dramatic to say the least in our new normal stagnation. As
Goldman notes, the window to address the fiscal cliff ahead of the election has
all but closed, the 40% chance of a short-term extension of most current
policies is only marginally better than the probability they assign to 'falling off the cliff' at 35%.
The base case assumptions and good, bad, and ugly charts of what is possible
are concerning especially when a recent survey of asset managers assigned only a 17% chance of congress failing
to compromise before year-end. Critically, and not helped by
Bernanke's helping hand (in direct opposition to his hopes), resolution of the
fiscal cliff will look harder, not easier, to address as we approach the end of
the year - and its likely only the market can dictate that direction - as the "consequence is terrible, but bad
enough to force a deal." , Markets Gone Wild UPDATE: Denial: *WHITE HOUSE'S CARNEY SAYS `NO CHANGE' ON OIL
RESERVES , Guest
Post: The Fed Has Failed, Failed, Failed
, Full
Summary Of The Latest In Anti-American Sentiment , Japanese
Businesses Shuttering Chinese Facilities As Mainland Anger Spreads , Empire
Manufacturing Index Prints At Lowest Since April 2009 Today's horrible piece of news, which at
least on the surface was supposed to send the market soaring, comes courtesy of
the Empire Fed Manufacturing Index, which printed at -10.41, the lowest print
since April 2009, down from -5.85, and well below expectations of -2.0. The
Index print confirmed the biggest 6 month drop since records began. The
components painted a dire picture for jobs, with the employment index sliding
from 16.47 to 4.26, New Orders tumbling from -5.50 to -14.03, while, wait for
it, prices rose, from 16.47 to 19.15. Re-stagflation here we come. Market for
now seems confused - since QE is priced into infinity, it is unclear if this
latest datapoint confirming a recessionary economy, QE can't be more-er
infiniter. Best to not respond to this, or any other macro news at all, which
is precisely what the market has done. For those who missed it, not only has
Bernanke doomed the global economy to stagflation and imminent food riots,
while making the richest 0.001% richer than ever, he has completely broken any
linkage between the economy and the market.
, Faber:
Own Gold – “Don’t Store It In The U.S., The Fed Will Take It Away From You One
Day”
Guest Post:
Dagan vs Netanyahu A regional war
in the Middle East could result, potentially sucking in the United States and
Eurasian powers like China, Pakistan and Russia. China and
Pakistan have
both hinted that they could defend Iran if Iran were attacked — and for
good reason, as Iran supplies significant quantities of energy. And with the
American government deep in debt to foreign powers like China who are broadly
supportive of Iran’s regime, America’s ability to get involved in a war on Israel’s behalf is
highly questionable. And even without a war, further hostility and tension
between America and her creditors would surely result in an even faster rush
toward more bilateral
and multilateral agreements to ditch the dollar for trade, something
that America will almost certainly seek to avoid. So even with a President in
the White House significantly more sympathetic to Netanyahu than Obama, America
may find herself constrained by the realities of global economics, and unable
to assist Israel. Most discouragingly, such a high risk operation seems to
offer very little reward — a successful Israeli strike on Iran is estimated to
set back Iran’s program by only one to three years. And such
an operation would likely require bombings over many days and in many
locations. If Netanyahu wishes to go ahead with such a scheme then that is his
prerogative. But if he will not listen to Dagan’s wise counsel, why should the West rush to his aid
if his scheme backfires?
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 }
