Business Summary Links By Day
Is
America The Most Materialistic Society In The History Of The World? http://albertpeia.com/americanmaterialism.htm
{ When it comes to american fortunes especially; particularly, ie., fraudulent
wall street-made fortunes, though there are otherwise some exceptions, that old
adage displayed at the beginning of one of Francis Ford Coppola’s masterfully
done mafia movies, viz., ‘Behind every fortune a crime’, is apposite. } , The richest and poorest U.S. cities by income http://albertpeia.com/25uscitiesbyincome.htm , 10
Quotes From Financial Experts About The Effect That QE3 Will Have On Gold And
Silver http://albertpeia.com/10quotesfromfinancialexpertsreqe.htm
, Forget About QE… I’m Worried About UC September
20, 2012 http://gainspainscapital.com
http://albertpeia.com/qeconsequences.htm
‘…Inflation is back in a big way. It’s not going to show up in the official numbers, but
if you’ve paid for
gas or food or healthcare recently, you’ve no doubt noticed that: A) Things are a
lot more expensive B) You get way less bang for your buck (food
packages are shrinking while prices remain the same) This has been the case for
some time now. However, the Fed’s QE 3 program, combined with the ECB’s OMT
program, (both of which are “open ended” or “unlimited” in scope), have taken things to a whole new level. Which
is why we need to be concerned not with QE, but with UC: Unintended Consequences. The
Fed is largely composed of academics with little if any professional/ banking
experience. These are people who use flawed data (case in point, the inflation
measures in the US are a joke) to build models that they believe explain how reality works…’ , Bernanke
Fails At Herding Cats Again As Market Simply Front-Runs The Fed... Again Zerohedge.com Once again, the unintended
consequences (or fundamental flaw as we
noted previously) remain front-and-center, just as with prior episodes of
QE, we have seen the market surge into the very assets that the Fed has
promised to buy (in this case into Eternity). 30Y current coupon mortgages spread to 10Y Treasuries has fallen -
rather stunningly - below 20bps. An all-time record low by a
mile. Homebuilders and broad equity markets are not so excited as in his failed
attempts to drive people into risky assets (stocks), those 'smart' people have simply front-run the
Fed's MBS buying deluge - more than willing to sell the market back to
the Fed while reaping some additional yield. , The
Payoff: Why Wall Street Always Wins {and everyone else loses} - An Excerpt ‘...the pushback from Wall Street was
intense and multi-pronged. The Blob oozed through the halls of government,
seeking, through its glutinous embrace, to immobilize the legislative and
regulatory apparatus, thereby preserving the status quo. The executive jets of
the Wall Street air force flew sortie after sortie, transporting high-ranking
emissaries from new York to Washington to meet with the SEC, [Senator Chris]
Dodd and [Senator Richard] Shelby staff, and the staff of other senators on the
Banking Committee. Some of the executives, no doubt less enthusiastically, even
met with Josh and me. The research companies and market experts Wall Street
employs also raised their voices against us. At times it got ugly. Ted was
called a crackpot and dangerously uninformed. He was accused of “politicizing” market
regulation (a strange notion considering he wasn’t running for election). It seemed as if Wall Street,
which wasn’t used to someone on Capitol Hill asking in-depth questions
about arcane issues, wished to silence or marginalize its critics. Industry
people would always ask me, “What got Kaufman so interested in this stuff?” Used to
politicians whose top priorities were to please their home-state business
interests and raise money, they had trouble fathoming that Ted was so
interested because it was the right thing to do. He believed in fair markets.
And because he was genuinely concerned about emerging issues that threatened
the stock market, where half of all Americans keep a sizable portion of their
retirement savings.’ , Jim
Grant: We Are Now All Labrats Of Bernanke And The Fourth Branch Of Government
‘.."The
Experiment Economy".."We are all living in a land of speculation and manipulation" is
Grant's summary of the current predicament of anyone who wishes to trade these
"markets" and it may as well be the best synopsis of the New
(ab)normal..’ , Guest
Post: How to Navigate An Economy Weighed Down By Government Meddling and
Cronyism , Meet Robert
Rubin: The Man In Charge … of failure
, Art
Cashin's Post Mortem On Japan's Now Failed QE 8 , Philly
Fed Posts Fifth Consecutive Negative Print, As Hopium Soars By Most Since 1991 The Philly Fed's current September Business
Indicators index, long ignored when bearish and cheered when bullish, came
slightly above expectations of -4.5, printing higher from last week's -7.1 to
-1.9. This was the fifth consecutive negative print. And while there were no
major highlights in the index, whose New Orders rose from -5.5 to 1.0 at the
expense of Shipments and Inventories, both of which imploded to worse then -20,
the real story is the Six Months expectations index, which exploded from 12.5
to 41.2: this was the biggest
spike may not ever, but certainly in the past 22 years! Is
there any wonder why everyone is transfixed with hope that Q4 will be the deus
ex that saves the US economy. And so we are back to being a hopium driven
economy - when reality sucks, there may not be much change, but there is always
hope that
finally, the central planners will get it right, and the future will be so
bright you've gotta wear Made in China shades. One word of caution: if the so
very much anticipated and 100% priced in Q4 recovery does not
materialize, and with the fiscal cliff and debt ceiling issues still
unresolved, get the hell out of Dodge, as the spread between hope and reality
comes crashing.
Bad News Is Bad
News Again We explained
last week why the initial exuberance from QEternity was likely to fade
since it basically removed all suspense from futures FOMC announcements - i.e.
that bad news would once
again become bad news as opposed to bad news stoking the hopes or more-er QE.
Well this morning's bad news - to wit: China PMI, Europe PMI, and US initial
claims - has indeed had a detrimental impact on S&P futures as they approach
fresh post-FOMC lows. , Odds Of
Avoiding Recession: One In Thirty
, Initial
Claims Print Is So Bad, It Is Actually Good, That Market Sees It As Bad Today's initial claims print was the 5th
week out of 6 in which expectations missed: instead of coming in at the
consensus number of 375K, down from last week's 382K, the BLS reported a miss
to expectations of 7K, resulting in a seasonally adjusted number of 382K, or
what is now once again secular shift higher. But, wait big miss was actually
good news: why? Because the ever data-massaging BLS was kind enough to revise
last week's print upward (for the 86th week in a row) from 382K to
385K (just as we predicted last week) which in turn led to such farcical
headlines as " U.S. weekly jobless claims drop slightly to 382,000"
from the WSJ. And so bad news is now great headlines: Orwell would be proud.
Here is an alternative and realistic headline: "Initial Claims Rise Post
Next Week's Upward Revision."
, Bank Of
America To Fire 16,000 By Year End
, The New Con:
Three-Card-Mario
Submitted by Tyler
Durden on 09/20/2012
For all those who thought the
smooth-talking, avuncular Goldman operative Mario Monti would never lie when he
said "Italy is fine", we have some bad news. He did:
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 }