Wall Street Lunacy

AP - Rupert Murdoch hasn't shrunk away from fights as he built News Corp. into a global media empire. But his surprise $5 billion bid for Dow Jones & Co., publisher of The Wall Street Journal, faces tough sledding after the company's controlling shareholders said they would block it.

After struggling to find their footing all morning and much of the afternoon Tuesday, stocks finally garnered some of the momentum that just helped propel stocks to their best monthly performance since 2003. The underlying bullish momentum vaulted the Dow to another record close, finishing the first trading day in May with its eighth gain over the last ten years.Absent a catalyst to get buying efforts back on track following a 4.9% decline in March pending home sales and a higher than expected prices paid component in today's ISM Index report feeding into inflation fears, oil prices spiking to session lows late in the day gave investors something to cheer about. Crude for June delivery closed down 2% at $64.40/bbl amid speculation tomorrow's weekly inventories report will show a build in crude supplies. The fact that the Energy sector did not relinquish much in the way of its intraday leadership was also noteworthy.Of the eight sectors finishing higher, Utilities (+1.1%) continued to provide the safest bet for investors unsure if the two-decade old adage "sell in May and go away" will hold true this year, especially since there is no reason for the stock market to have rallied so strongly in April based on deteriorating fundamentals.Some more M&A activity also helped to keep sellers sidelined into the close of trading. Dow Jones & Co. (DJ 56.30 +19.97) confirming receipt of an unsolicited $60 per share offer (or roughly $5 bln) from News Corp (NWS 22.99 -1.01) was the day's biggest surprise. Speculation about more consolidation throughout Publishing (+3.7%) helped to offset weakness among retailers like Circuit City (CC 16.55 -0.90), which lowered Q1 expectations and withdrew guidance, and Liz Claiborne (LIZ 37.13 -7.59), which handily missed analysts' expectations.Microsoft (MSFT 30.40 +0.46) also made news on the M&A front, and the bellwether's 1.5% surge was an integral part of the leadership exhibited by Technology Tuesday. Shareholders applauded reports that Microsoft may make a bid for 24/7 Real Media (TFSM 11.97 +2.02) to keep pace with similar deals made recently by Internet search-engine rivals.On the earnings front, Dow component Procter & Gamble (PG 62.98 -1.42) highlighted the list of reporters posting a 14% rise in Q3 profits and raising the lower end of its FY07 EPS outlook. Vulcan Materials (VMC 115.27 -8.40) also turned in a solid earnings report. Be that as it may, with PG and VMC running higher in anticipation of strong results yesterday, both were greeted with a sell-the-news response and were among their respective sectors' worst performing components. Consumer Staples and Materials were the only sectors failing to start the new month on an upbeat note. BTK +0.2% DJ30 +73.23 DJTA -0.1% DJUA +1.0% NASDAQ +6.44 NQ100 +0.3% SOX +0.1% SP400 +0.3% SP500 +3.93 XOI +0.2% NASDAQ Dec/Adv/Vol 1624/1434/2.15 bln NYSE Dec/Adv/Vol 1518/1723/1.68 bln

TOP INVESTOR SEES U.S. PROPERTY CRASH
Wed Mar 14, 2007 1:56 EDT By Elif Kaban MOSCOW (Reuters) - Commodities investment guru Jim Rogers stepped into the U.S. subprime fray on Wednesday, predicting a real estate crash that would trigger defaults and spread contagion to emerging markets. You can't believe how bad it's going to get before it gets any better," the prominent U.S. fund manager told Reuters by telephone from New York. It's going to be a disaster for many people who don't have a clue about what happens when a real estate bubble pops. It is going to be a huge mess, said Rogers, who has put his $15 million belle epoque mansion on Manhattan's Upper West Side on the market and is planning to move to Asia. Worries about losses in the U.S. mortgage market have sent stock prices falling in Asia and Europe, with shares in financial services companies falling the most. Some investors fear the problems of lenders who make subprime loans to people with weak credit histories are spreading to mainstream financial firms and will worsen the U.S. housing slowdown. Real estate prices will go down 40-50 percent in bubble areas. There will be massive defaults. This time it'll be worse because we haven't had this kind of speculative buying in U.S. history, Rogers said. When markets turn from bubble to reality, a lot of people get burned.....

GREENSPAN SAYS JUMP, WALL STREET'S PEEVED Comments from the former Fed chief still rattle the markets, while many critics say he is contradicting previous statements.
�March 16 2007: 6:04 NEW YORK (Reuters) -- Alan Greenspan is causing more of a stir in retirement than he did as Fed chairman, shocking many investors with a radical make-over: irrepressible optimist turned curmudgeonly bear.Making matters worse, his critics contend that many of the troubles facing the U.S. economy - including growing tumult in the housing market - are a direct product of his prolonged policy of rock-bottom interest rates. His outlook was not always glum. On the contrary, Greenspan always seemed to be looking at the bright side when holding the economy together was part of his job description. This is what he had to say back in 2005 about the subprime mortgage market, where rising default rates have now sparked concern about a broader economic crisis: "Lenders are now able to quite efficiently judge the risk posed by individual applicants and to price that risk appropriately," he argued at the height of the housing boom. With many of those very same lenders now declaring bankruptcy, their efficiency in measuring risk now seems a lot less sturdy - making Greenspan's assessment seem off target. Greenspan: Yen 'carry trade' can't last

There is nothing to rationally justify the previous up move or mixed results in the market other than what is tantamount to a negative, and based upon spurious data from the government; ie., fake government numbers said total PPI rose a smaller than expected 0.1% (consensus 0.4%) in July, which was well below the 0.5% jump in June, while the more closely watched core rate (ex-food and energy) unexpectedly (RIIIIIGHT!) fell 0.3% (consensus +0.2%) -- the first decline since October and the largest drop since a 0.5% decline in April 2003. Home Sales Decline in 28 States, D.C.. Real estate prices down/stagnant. But housing stocks�..up.....riiiiight!.....in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down.� Martin Crutsinger, AP Economics Writer, previously wrote,� U.S. Trade Deficit Falls 0.3 Percent in June to $64.8B, Offsetting Jump in Chinese Imports. Dell Recall Stems From sony Production Flaw� WASHINGTON (AP) -- America's trade deficit showed a slight improvement as strong global growth pushed U.S. exports to a record level. That helped offset a surge in Chinese imports and record crude oil prices. The deficit declined 0.3 percent in June, compared with May, dropping to $64.8 billion, still the fifth largest imbalance on record, the Commerce Department reported Thursday. The deficit is running at an annual rate of $768 billion through the first six months of this year, putting the country on track to see a fifth straight record imbalance. Last year's deficit was $716.7 billion. Prior considerations remain apposite in this clearly overvalued market. The frauds on wall street feel compelled to continue their tradition/superstition/fraud tactic of buying on the rumor and selling on the news (fact) of the Fed�s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money.� Yahoo previously commented: Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance....., to which I responded, Wild..... I�ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported and will now join gm in worker buyouts; but both GM and Ford will now offer built-in ipods which should substantially help their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Analyst says GM good news now behind it (past/discounted), yet stock still rose upon said analysis �..riiiiight�.. daaaaah! Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal, maybe even suspension, that has cast a harsh light on Silicon Valley's compensation practices. Don�t forget that GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland lunatic world of wall street is of course good news. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid (approx.) 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it�s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very commissionable (investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $64; yes, as in the last crash, they will get fooled again� as stocks up sharply in the fraudulent alice-in-wonderland lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the pundits/analysts are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley (who also says that in Europe bush�s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the �better than expectations� game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. Spotlight on the Stock Option Scandal-The share prices of companies involved in stock options backdating have held up well compared to the broader market. But shareholders might be in for a rougher ride. Plus, why the Nasdaq has its hands full. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived pearl harbor effect)/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/ and the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what�s up is down and what�s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they�ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin� to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don�t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)

A ballooning budget deficit and a pensions and welfare timebomb could send the economic superpower into insolvency, according to research by Professor Laurence Kotlikoff for the Federal Reserve Bank of St Louis, a leading constituent of the US Federal Reserve.

Prof Kotlikoff said that, by some measures, the US is already bankrupt. "To paraphrase the Oxford English Dictionary, is the United States at the end of its resources, exhausted, stripped bare, destitute, bereft, wanting in property, or wrecked in consequence of failure to pay its creditors," he asked.

According to his central analysis, "the US government is, indeed, bankrupt, insofar as it will be unable to pay its creditors, who, in this context, are current and future generations to whom it has explicitly or implicitly promised future net payments of various kinds''.

The budget deficit in the US is not massive. The Bush administration this week cut its forecasts for the fiscal shortfall this year by almost a third, saying it will come in at 2.3pc of gross domestic product. This is smaller than most European countries - including the UK - which have deficits north of 3pc of GDP.

Prof Kotlikoff, who teaches at Boston University, says: "The proper way to consider a country's solvency is to examine the lifetime fiscal burdens facing current and future generations. If these burdens exceed the resources of those generations, get close to doing so, or simply get so high as to preclude their full collection, the country's policy will be unsustainable and can constitute or lead to national bankruptcy.

"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."

Experts have calculated that the country's long-term "fiscal gap" between all future government spending and all future receipts will widen immensely as the Baby Boomer generation retires, and as the amount the state will have to spend on healthcare and pensions soars. The total fiscal gap could be an almost incomprehensible $65.9 trillion, according to a study by Professors Gokhale and Smetters.

The figure is massive because President George W Bush has made major tax cuts in recent years, and because the bill for Medicare, which provides health insurance for the elderly, and Medicaid, which does likewise for the poor, will increase greatly due to demographics.

Prof Kotlikoff said: "This figure is more than five times US GDP and almost twice the size of national wealth. One way to wrap one's head around $65.9trillion is to ask what fiscal adjustments are needed to eliminate this red hole. The answers are terrifying. One solution is an immediate and permanent doubling of personal and corporate income taxes. Another is an immediate and permanent two-thirds cut in Social Security and Medicare benefits. A third alternative, were it feasible, would be to immediately and permanently cut all federal discretionary spending by 143pc."

The scenario has serious implications for the dollar. If investors lose confidence in the US's future, and suspect the country may at some point allow inflation to erode away its debts, they may reduce their holdings of US Treasury bonds.

Prof Kotlikoff said: "The United States has experienced high rates of inflation in the past and appears to be running the same type of fiscal policies that engendered hyperinflations in 20 countries over the past century."

Commentary: Newsletters react to stock markets' losing week
By Peter Brimelow, MarketWatch� 12:04 AM ET Jul 17, 2006
Investors may still be too optimistic
NEW YORK (MarketWatch) -- First, a proprietary word: on Friday night, the Hulbert Stock Newsletter Sentiment Index (HSNSI), which reflects the average recommended stock market exposure among a subset of short-term market timing newsletters tracked by the Hulbert Financial Digest, stood at plus-23.8%. This was certainly below the 31.4% it showed on Tuesday night, when Mark Hulbert worried, presciently we must say, that it was too strong from a contrary opinion point of view. But it's still above its 12.6% reading at end of June, although, Mark pointed out, the stock market had declined in the interim. And since Mark wrote, the Dow Jones Industrial Average has had three triple-digit down days.

Dow Theory Letters' Richard Russell wrote Friday morning: "If the Dow breaks support at 10,760, I think we could have some nasty action, even some crash-type action." But, perhaps significantly, Russell did not quite hit the panic button when the Dow did indeed close at 10,739 Friday night.

He simply remarked, supporting the contrary opinion view: "Three days in a row with the Dow down over 100 points each day -- you don't see that very often. But still no signs of real fear, no capitulation, no panic -- just down, down, and down. The key consideration here is that there is still no sign of big money coming into this market. In fact, the big money has been leaving this market all year. ... The longer the market continues down without a panic decline, the worse the ultimate panic will be when it arrives."

John D. Rockefeller was once asked why he decided to sell all his stocks just months before the 1929 Wall Street Crash. He explained: One morning, I was on the way to my office and stopped to have my shoes polished. The guy asked my advice about the shares he bought. If people with this kind of talent were now playing the market, I knew there was something wrong.....

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006

WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):

The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

End Of The Bubble Bailouts A. Gary Shilling, Insight 08.29.06 - For a quarter-century, Americans� spending binge has been fueled by a declining savings rate and increased borrowing. The savings rate of American consumers has fallen from 12% in the early 1980s to -1.7% today (see chart below). This means that, on average, consumer spending has risen about a half percentage point more than disposable, or after-tax, income per year for a quarter-century.

The fact that Americans are saving less and less of their after-tax income is only half the profligate consumer story. If someone borrows to buy a car, his savings rate declines because his outlays go up but his disposable income doesn�t. So the downward march in the personal savings rate is closely linked to the upward march in total consumer debt (mortgage, credit card, auto, etc.) in relation to disposable income (see chart below).

Robust consumer spending was fueled first by the soaring stock market of the 1990s and, more recently, by the housing bubble, as house prices departed from their normal close link to the Consumer Price Index (see chart below) and subsequently racked up huge appreciation for homeowners, who continued to save less and spend more. Thanks to accommodative lenders eager to provide refinancings and home equity loans, Americans extracted $719 billion in cash from their houses last year after a $633 billion withdrawal in 2004, according to the Federal Reserve.

But the housing bubble is deflating rapidly. I expect at least a 20% decline in median single-family house prices nationwide, and that number may be way understated. A bursting of the bubble would force many homeowners to curb their outlays in order to close the gaps between their income and spending growth. That would surely precipitate a major recession that would become global, given the dependence of most foreign countries on U.S. consumers to buy the excess goods and services for which they have no other markets.

That is, unless another source of money can bridge the gap between consumer incomes and outlays, just as house appreciation seamlessly took over when stocks nosedived. What could that big new source of money be? And would it be available soon, given the likelihood that house prices will swoon in coming quarters?

One possible source of big, although not immediate, money to sustain consumer spending is inheritance. Some estimates in the 1990s had the postwar babies, who have saved little for their retirement, inheriting between $10 trillion and $41 trillion from their parents in the coming decades. But subsequent work by AARP, using the Federal Reserve�s Survey of Consumer Finances for 2004 and previous years, slashed the total for inheritances of all people alive today to $12 trillion in 2005 dollars. Most of it, $9.2 trillion, will go to pre-boomers born before 1946, only $2.1 trillion to the postwar babies born between 1946 and 1964, and $0.7 trillion to the post-boomers.

Furthermore, the value of all previous inheritances as reported in the 2004 survey was $49,902 on average, with $70,317 for pre-boomers, $48,768 for boomers and $24,348 for post-boomers. Clearly, these are not numbers that provide for comfortable retirements and, therefore, allow people to continue to spend like drunken sailors.

What other assets could consumers borrow against or liquidate to support spending growth in the future? After all, they do have a lot of net worth, almost $54 trillion for households and nonprofit organizations as of the end of the first quarter. Nevertheless, there aren�t any other big assets left to tap. Another big stock bonanza is unlikely for decades, and the real estate bubble is deflating.

Deposits total $6.3 trillion, but the majority, $4.9 trillion worth, is in time and savings deposits, largely held for retirement by financially conservative people. Is it likely that a speculator who owns five houses has sizable time deposits to fall back on? Households and nonprofits hold $3.2 trillion in bonds and other credit market instruments, but most owned by individuals are in conservative hands. Life insurance reserves can be borrowed, but their total size, $1.1 trillion, pales in comparison to the $1.8 trillion that homeowners extracted from their houses in the 2003-2005 years. There�s $6.7 trillion of equity in noncorporate business, but the vast majority of that is needed by typically cash-poor small businesses to keep their doors open.

Pension funds might be a source of cash for consumers who want to live it up now and take the Scarlett O�Hara, �I�ll worry about that tomorrow� attitude toward retirement. They totaled $11.1 trillion in the first quarter, but that number includes public funds and private defined benefit plans that are seldom available to pre-retirees unless they leave their jobs.

The private defined contribution plans, typically 401(k)s, totaled $2.5 trillion in 2004 and have been growing rapidly because employers favor them. But sadly, many employees, especially those at lower income levels, don�t share their bosses� zeal. Only about 70% participate in their company 401(k) plans and thereby take advantage of company contributions. Lower paid employees are especially absent from participation, with 40% of those making less than $20,000 contributing (60% of those earning $20,000 to $40,000), while 90% of employees earning $100,000 or more participate.

Furthermore, the amount that employees could net from withdrawals from defined contribution plans would be far less than the $2.5 trillion total, probably less than the $1.8 trillion they pulled out of their houses from 2003 to 2005. That $2.5 trillion total includes company contributions that are not yet vested and can�t be withdrawn. Also, withdrawals by those under 59� years old are subject to a 10% penalty, with income taxes due on the remainder.

With soaring stock portfolios now ancient history and leaping house prices about to be, no other sources, such as inheritance or pension fund withdrawals, are likely to fill the gap between robust consumer spending and weak income growth. Consumer retrenchment and the saving spree I�ve been expecting may finally be about to commence. And the effects on consumer behavior, especially on borrowing and discretionary spending, will be broad and deep.

Analysts' Forecasts and Brokerage-Firm Trading
THE ACCOUNTING REVIEW Vol. 79, No. 1 2004 pp. 125�149 Analysts� Forecasts and
Brokerage-Firm Trading Paul J. Irvine Emory University University of Georgia
Collectively, these results suggest that analysts can generate higher trading commissions through their positive stock recommendations than by biasing their forecasts.

(4-30-07) STAGFLATION, AS INFLATION ABOVE EXPECTATIONS (HIGHEST IN 16 YEARS), WEAK GROWTH BELOW EXPECTATIONS, Worthless Dollar Down [they�re printing them like they�re going out of style because they are (so much so that they�ve stopped reporting M3)], then there was also the Weimar Republic, the pre-1929 crash rally, but this is far worse. LEGENDARY VALUE INVESTOR JEREMY GRANTHAM, CHAIRMAN OF BOSTON FIRM GRANTHAM MAYO VAN OTTERLOO, SAYS WE ARE NOW SEEING THE FIRST WORLDWIDE BUBBLE IN HISTORY COVERING ALL ASSET CLASSES. First, realize that the criminal americans lie about everything, especially for money. One expert says that with near record lows against the Euro, Pound, etc., the translation into worthless dollars by multi-nationals artificially inflates profits/stock prices, but that is only part of the story. The Euro Next union brings the fraud to the european exchange rates, much like the carry trades in a ponzi-like commissionable paper scheme in Asia, which ultimately reverts to the mean (arbitrage) and as greenspan says, can�t last and will unravel into what would be tantamount to hot potato/musical chairs with someone holding the bag/precipitous decline/wiped out. The expert also correctly points out that there is now a total disconnect between the market and the u.s. economy which has and will continue to decline/weaken. The fact is also that although superior to the u.s., there are substantial structural problems inherent to the European economies. So absurd was this surge (like nutcase dumbya�s) that the higher oil prices rallied the transports.....riiiiight! Lunatic frauds on wall street rally on as bad business news can get, sales of previously owned homes take biggest tumble in two decades, consumer confidence down sharply , b**l s**t� (including fake economic reports-they lie about everything), higher oil prices, and, ie.,� ignoring reality regarding,� erosion in consumer sentiment and one-year inflation expectations at the highest level in 8 months, rising food and energy costs, Systemic Recession The US is sliding into a long-term economic downturn, ChinaMerica America owned the 20th century, but it won't own the 21^st, Dollar Down, Gold to Soar ...Real Estate Fiz...Recession 2007 ...Catch 22 � Lower interest rates in u.s. would decimate already worthless dollar REALITY COURTESY OF http://www.trendsresearch.com, negative inflation/economic data and continue their backward looking frenzied rally mode despite higher oil prices, unexpected jump in jobless claims, mortgage defaults highest in 37 years, retailers warning that April same-store sales will be weak, and the largest rise in import prices, Citigroup to cut 17000 jobs and earnings down 11% but stock rallies, national mortgage delinquency rate hit an all-time high of 2.87% in Q1, sentiment down, Fed Governor Mishkin saying the current rate of inflation remains too high, and on previous stellar employment report from government ...riiiiight!..., (what about the real $11 TRILLION unfunded social security/medicare unfunded liabilty by acturial/accounting), as previously u.s. auto sector sparks rally...riiiiight!..., despite previously experts acknowledging SEC must crackdown on rampant insider trading on M&A info, both services and manufacturing indices far below expectations, u.s. auto sales down, February existing home sales up but down 8.5% from previous year.....riiiiight!...previously, manufacturing index barely positive and substantially below expectations, producer prices up and above expectations, citing obfuscating mergers, higher oil prices, and a new way to scam the unwary public by unloading their worthless paper on workers through ESOPs, rally into the close building on previous stagflation report of high core rate of inflation, slightly higher spending on lower income, high oil prices and fake upward revision to GDP report (riiiiight! US GDP growth hobbled by stocks of unsold ) still relying on b**l s**t alone, even as Bernanke totally dashes wall street�s previous b.s. story underlying the previous week�s fraudulent up move based on b**l s**t alone and the paper paper chase/commissionable ponzi scheme continues (with borrowed funds) but will unwind/unravel as they always do, Home prices down/worst since '94, defaults up, new home sales unexpectedly down 3.9%.....it�s the weather say the frauds on wall street.....riiiiight!, home inventories up, oil prices up, leading indicators down again, existing home sales unexpectedly up.....right!, even as home inventories up as prices fell, warnings from the tech sector, all no problemo for the frauds on wall street, [fed heads, who�ve been printing worthless dollars like they�re going out of style because they are (so much so that they�ve stopped reporting M3), remove words �additional firming� is excuse for ridiculous mixed close as previously dollar precipitously fell on the news which is catch 22 as same is hyper-inflationary/stagflationary and dollar denominated assets fall in value], home construction unexpectedly up according to government report (riiiiight.....if you believe same.....I don�t) though permits down, lunatic frauds on wall street rally on the news, builder/construction sentiment down again and now below 50% reflecting reality, obfuscating mergers/b.s. to the rescue,� previous CPI (.4), wholesale (1.3 annualized 15.6), and core (.4) inflation rates far exceed expectations as worthless dollar and massive printing thereof and debt come home to roost, unexpected decline on the Philadelphia Fed's manufacturing index/disappointing NY Empire State Index, commissionable ponzi scheme with borrowed (ie., japan, etc.) and suckers� funds continues,� blowout Q1 earnings report from wall street lunatic frauds morgan stanley, goldman sachs (daaaaah!) even as record foreclosure rate and retail sales below expectations, mergers obfuscate dismal picture, retail sales down (they say it�s the weather.....riiiiight.....how about consumer debt at record $2.41 trillion) jobs data from private (as opposed to government) entity below expectations (who would have thunk it!.....riiiiight! But wait; latest government data at expectations and above, revising past data as unemployment rate falls to 4.5%.....and says trade deficit trend changing..... riiiiight!), along with below expectations oil inventories which had spurred oil price rally, while productivity below expectations/wage costs higher and above expectations (very inflationary), no problemo for the lunatic frauds on wall street (what a joke wall street is!) who are maniacal as lunatics suckers short-covering �bear market/higher oil prices/fake economic reports/fed speak rally� (based upon b**l s**t/fake reports even assuming fake growth rate though false, the decline of the fiat currency, the worthless dollar would negate same in real terms) (b.s. contrary to bernanke testimony before congress owing to previous implicit threat of prosecution for false statements)� fueled by b**l s**t alone close only moderately lower to suck the suckers in; ie., as the Dow Jones industrial average down 58, S&P down 12, and NASDAQ down 32, all very commissionable on heavy volume, as in final pre-election result push for bush, which fell very short but has provided the same pump-priming of the market as most recently seen in 1999 which ended quite badly even without the exacerbating effects of huge unsustainable and debilitating debt/deficits deferring/delaying/prolonging the inevitable reality even as entire domestic u.s. industries are rendered what is tantamount to defunct and with corporate welfare unwisely spent (war crimes, etc.). Greenspan Warns of Likely U.S. Recession..... FORECLOSURES AT RECORD PACE, retail sales below expectations. TOP INVESTOR, SOROS' PARTNER, SEES U.S. PROPERTY CRASH 3-16-07 Major Mortgage Lender On Bankruptcy's Doorstep... REIT New Century Financial (NEW 3.21, halted at 0).....Everything is hunky doory says financial propaganda minister/comedian paulson (son of pat paulson?) while Moody�s says at least a 10% correction from fraudulent bubble highs is warranted/appropriate (I believe that to be a modest analytical view). Who would you believe? What do you expect a member of a failed administration to say? What�s changed? Nothing, as the frauds on wall street continue their commissionable ponzi scheme with borrowed (ie., japan, etc.) and suckers� funds.� Real estate experts say the pain/damage will exceed that of prior downturns since the great depression.Bernanke responds to recession prediction with b**l s**t (to his small credit he begrudgingly admits to looming fiscal crisis). Top investor, Soros partner sees property crash: 'You can't believe how bad it's going to get'... Manufacturing activity in u.s. up say fake reports (what, paper/worthless dollars/ securities/packaging for imported goods/parts/components, etc.). �BROKERS AT 'TOP-TIER' FIRMS CHARGED IN INSIDER TRADING SCHEME JUST TIP OF THE ICEBERG. New home sales down 17%.....Durables down over seven percent. Are they going to fudge/falsify the GDP revision? Oil rise on US energy inventory data. Stagflation, fake reports understate fundamental weakness, higher oil prices rally. Housing starts down sharply, as investors, domestic and international, dramatically slow purchase of fiat currency/worthless us/dollar denominated stocks and bonds. Record real estate price slump; industrial production/utilization down. Record home price slump. Retail numbers at best (I don�t believe them for a second) just flat; massive layoffs at Chrysler; more government borrowing to paint false facade. Trade deficit up sharply and new record for all of 2006 - $763 billion (the market last rallied with previous month�s improvement, and rallies with worsening, everything else was typical wall street b**l s**t meaning and based on nothing, ie., m&a, upgrade, etc.). Default rates up again. HSBC Holdings, the world's third largest bank, warned that provisions for bad debt will be some 20% higher than previously thought. SEC launch of insider trading (pervasive on fraudulent wall street) probe just tip of the iceberg. Negative savings rate (highest since great depression), factory output down, home inventories highest since last crash, defaults up, gm and ford sales down 17% and 19%, deficits trade/budget, dollar down and going lower, january jobs data weaker than the consensus estimate and below the average gain of 153,000 per month for all of 2006 and viewed as bearish......but no problemo if you�re a lunatic fraud on wall street. Personal Savings at Lowest Point Since 1933-- Great Depression's low. �Fake economic growth report from the administration. Mergers and acquisitions continue to cloud the picture facilitating the fraud. Having beat fraudulent alice-in-wonderland lunatic world of wall street expectations with Record Loss of $12.7 Billion, the rally in Ford�s stock continues..... riiiiight! Fake numbers also a plus. Ford Posts Record Loss of $12.7 Billion.....stock rallies on the news.....riiiiight! P/E ratios far beyond the mean particularly for this stage in the cycle for selected securities (ie., 80+, etc.). Higher oil prices and fake indicators report spark rally.....riiiiight! Report on leading economic indicators is delayed (very unusual unless you understand the greater complexity in fudging same.....not to worry, fans of frauds on wall street.....the lunatic frauds will also get their churn-and-earn commission dollars on the way down).Fed Chairman Bernanke begins to euphemistically discuss reality on capital hill. PAPER: Condo market in DC, Vegas, Miami and Boston has collapsed... Euro displaces dollar in bond markets...13 charged in Wall Street insider trading ring CNN International Higher oil prices and fake numbers spurs rally. More fake job numbers (at best, hamburger helpers, etc.). Foreclosures Rip Neighborhoods in Denver. Yahoo profit falls 61% but rallies 6% on b**l s**t alone. �Insider-Trading Ring Bust in US Fuels Hedge-Fund Concerns. Jawboning by kohn of print-those-worthless-dollars fed raises market.....riiiiight! The ism services index fell, but that was down from an unexpectedly and fake strong read a month earlier, manufacturing index up slightly to 51.4 (they must be counting hamburgers as manufactured goods in u.s......riiiiight!) but fed knows they�ve been printing worthless dollars like mad which of course is hyperinflationary and will come home to roost, along with huge debt/deficits, trade and budget, Stores Report Disappointing Dec. Sales, Gap Woes Deepen in Bleak Holiday Season. Ford and GM auto sales down 13%. More reports in defiance of reality, oil prices up, Dollar Slides...,every intelligent analyst/economist knows that the new home sales number from the government is a total lie that will be revised downward later, that the options scandals are pervasive in fraudulent america (100 investigations just tip of the iceberg), oil stocks continue to rally on lower oil prices, as previously on pipeline explosion in Nigeria, spill in Gulf, and sanctions for Iran, and sharp FALL in oil prices.....riiiiight!.....predictions of disappointing retail sales even with fire-sale discounted prices,..... Highest increase (2%) in 30 years for the wholesale price index, and as well, the core ppi (1.3%), GDP growth less than expected at 2%, dollar sharply lower, oil prices up, building permits down, all unexpectedly bad but great news in the fraudulent alice-in-wonderland lunatic world of wall street. New Record Quarterly Trade Deficit initially spurred lunatic market rally along with obfuscating but very commissionable merger activity. Core inflation a very unexpected unchanged .....riiiiight!.....spurs superstitious, devoid of reality, santa rally.� Investment Banks Post Record 2006 Profit .....daaaaah! Churning and earning on worthless paper, where is that commission dollar coming from even as america has ceded solvency/leadership in every economic measure. Even at the lofty record numbers the indices are worth roughly half their value based on precipitous fall of the dollar in only 5 years with further downside to go. Superstitious �Santa Claus rally�.....riiiiight! High oil price rally.....riiiiight!� Total� bulls**t ! Retail sales up a very unexpected 1%, riiiiight, at the same time inventories of such goods rising substantially (do you think they�re booking sales to �straw men/companies�.....I do!) and oil inventories down. Fake employment numbers (from the government.....riiiiight!) the impetus for previous b.s. rally despite falling sentiment and uptick in unemployment. The ism services index (financed by unsustainable deficit/debt spending and pushing/commissioning worthless paper) and jawboning/bulls**t from the housing industry (the end is near.....riiiiight!), obfuscating mergers continued to cloud the picture, closely-watched core-PCE deflator had risen a more than expected 0.2%, second sub-50 reading on manufacturing activity in as many sessions-the November ISM index unexpectedly fell to 49.5 (consensus 52.0), Chicago PMI fell to its lowest level (49.9%) in October, and below the 50 level, indicating contraction, crude prices up� (OIL PRICES RISE ABOVE $63 A BARREL...), DOLLAR RESUMES SLIDE, Fed Chairman Bernanke & Co. cheerleading/jawboning/bulls**t, 3.2% decline in new home sales, oil inventories down and oil prices up, oil producers shun the dollar, Russia and Opec shift revenues into euros, yen and sterling..., all very bad news anywhere but in the fraudulent alice-in-wonderland world of wall street. Durable goods orders fell sharply, sentiment down, but supposedly used home sales rose slightly (riiiiight.....who says; the realtors/government who have been talking up this bubble market?) albeit at sharply lower prices. DOLLAR PLUNGES TO NEAR 15-YEAR LOW� In other words, no good news to justify the ridiculous up move by the alice-in-wonderland frauds of wall street. Worthless dollar, triple deficits, stock/options scandals/corruption, as some speculate that fed is behind purchases/manipulation (through proxy) of worthless american paper now being shunned by more rational market players abroad.� MARKETS ROCKED BY LONG OVERDUE BUT STILL MODEST RELATIVE TO REALITY SHARP SLIDE IN DOLLAR...There has never been a time since 1929 when stock prices and p/e ratios were so irrationally high for this point in a bull cycle in this indisputable secular bear market, particularly with the existing unprecedented structural economic problems, ie., trade and budget deficits, worthless dollar, scandals, fraud, corruption , etc.. In fact, unemployment unexpectedly rose substantially and consumer sentiment unexpectedly but similarly realistically fell, both very negative exept in the� fraudulent alice-in-wonderland world of wall street. Indeed, the housing bubble bursting with ie., unexpected 14% decline in starts/permits, etc., led to rally in the fraudulent alice-in-wonderland world of wall street. Obfuscating mergers help preclude detection of this massive and pervasive fraud which defies analysis owing to these mergers. New talking pointing: dell numbers exceed expectations depending upon ongoing government scrutiny of their accounting practices.....riiiiight! More contrived manipulated markets and data well as that previous unexpected rise in that global hub of manufacturing activity, New York (worthless paper is their real product, etc.) �..riiiiight!�.. underpins fraudulent up move. Reassuring Fed speak, also known as b**l s**t, along with IPO�s (get the suckers in at the highs as in late 90�s market bubble), and shrugging off pervasive stock/options fraud as at, ie., KB Homes, etc., leave stocks ridiculously higher. Nations leaving the worthless dollar in droves for currencies backed by value and for precious metals. Based on the self-interested statement of typical fraud american and fed rep, we hear once again the wishful thought that housing has bottomed.....right! [Reality/Truth: US housing slump deepens, spreads]. Home depot rallies despite lower than expected results and lower guidance for the year.....right! Who is stupid enough to believe anything the fraudulent criminal americans say. They are printing worthless dollars like mad. Consumer sentiment actually previously fell and there was nothing but wall street lunacy to prop the fraudulent market. The republicans who lockstepped with war criminal dumbya bush deserved to lose. The frauds on wall street now looking for the new corporate welfare program for which to sell the sizzle ie., stem cells, etc.. The know-nothing pundits are now saying the up move without any rational basis is predicated upon the the falsity that gridlock in washington is welcomed and good because no regulation of, ie., fraud on wall street, etc., can be passed. How about a tax on stock trades to come directly from the traders' (traitors/frauds) bottom lines and provide a disincentive for the churn-and-earn fraud which is tantamount to a wasteful tax on the economy. Even token Christian paulison from jew fraud wall street couldn't stem the tide against the blatent zionist/neocon/bush co failure accross the board as the wall street frauds show record profits financed, albeit indirectly, by huge deficits, both trade and budget. Obfuscating mergers blur the picture to provide cover for up move talking points in defiance of reality.� Stagflation and full employment revisions pre-election.....riiiiight. Productivity comes in at a less than expected 0 (inflationary). The only surprise should have been that the number wasn't negative. The pundits are now saying that the market/wall street fraud is in a state of denial regarding economic fundamentals and that the market is substantially overbought, overvalued, overfrauded, over, etc., the manufacturing index coming in lower than expectations. Consumer sentiment unexpectedly fell.....daaaaah. Pre-election core inflation rate report good �..riiiiight�..but savings rate still negative and walmart sales/profits/outlook substantially below expectations but what the heck, they�re wallstreet lunatics/frauds and reality is no problem. Despite pre-election deficit spending, GNP comes in a less than expected paltry 1.6% increase with worthless falling dollar the catch-22 precluding reality avoidance and the worst yet to come. More nations leaving the worthless dollar as reserve currency even as frauds on wall street reach new highs (What are they smoking? Coking? or like the dollar just cracking) based on corporate welfare flows with money the nation doesn't have pre-election (record deficits). Housing prices continue their sharp decline as bubble deflates. GM only lost 115 million. Ford lost 5.8 billion and must restate earnings back to year 2000 is a bullish sign in the fraudulent alice-in-wonderland lunatic world of wall street. Typical pre-fed meeting rally to provide a cushion for any negative pronouncements which reality would require but are seldom forthcoming by the accommodative frauds who have similarly embraced unreality. Indeed, the gutless wimps of wall street think they're "tough" when they fraudulently take the market higher despite a clearly contrary fact based reality. Caterpillar relates the pervasive reality and the frauds on wallstreet intimidate same with sell off, ignoring pervasive options scandal/fraud and rallies Merck despite lower than expectation results.....riiiiight! Election year corporate welfare to prime the pump and the mock stock market with money the nation doesn�t have (increasing already huge deficits). CPI figures (upon which government inflation adjusted payment obligations are based) lower than expected�..riiiiight! Intel earnings/revenues down sharply but according to the lunatic frauds on wall street, beat expectations and stock rallies along with yahoo which as in the pre-dot com bust days says better days are a coming�.. riiiiight Core inflation rate which is closely watched by the Fed exceeds all expectations. Fraud Merrill Lynch has really been pushing and commissioning that worthless paper and reports record earnings, despite having produced nothing and for very little if any value added (that ill-gotten money has to come from somewhere-your pockets?). The big economic report awaiting scrutiny was the monthly trade deficit which was expected to narrow but in fact INCREASED to 69.9 billion. The alice-in-wonderland lunatic wall street frauds rallied on the news as the dollar precipitously fell. The Fed Chairman said there is a "substantial correction" in housing, which will probably shave about 1% off growth in the second half of the year. The Institute of Supply Management said its services index fell to 52.9 in September -- the lowest level since April 2003. Great News�.. riiiiight!..... Consumer Confidence Higher Than Expected... riiiiight!..... and housing starts were down sharply but not-as-bad-as-expectations game in play US Existing Home Sales Fall 0.5% in August; Sales Price Drops Existing-home prices fall for 1st time in 11 years along with fed jaw-boning pre-election that inflation has been licked .....riiiiight �..despite printing worthless dollars like they�re going out of style because they really are! Fed did nothing and stocks rallied, pre-election.....riiiiight! What about the reality of u.s. debt service at a record unsustainable $2 billion per day on a revolving $2 trillion charge account with ie., China, etc.. The fact that foreclosures are up and that there is projected new trade deficit record, fake government inflation numbers for election year purposes, housing starts down 6% means little to the alice-in-wonderland lunatic frauds of wall street and the so-called pundits including yahoo below. Almost all computerized volume is and must be considered heavy, manipulated, economically wasteful volume [stocks move contrary to rational analytical facts (ie., exceeded lowered expectations, things so bad interest rates can�t rise, exceeded expectations, no earnings but outlook extraordinary, the fed says booo as they print more worthless dollars to finance deficits, etc. ) is money in the bank for the frauds on wall street when they unwind said irrational positions ]. Philadelphia Federal Reserve announces that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, leading economic indicators fall .2%, and previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows with b**l s**t from Yahoo (which didn�t even reference the record unanticipated trade gap):

Ford Exec Foresees Smaller Engines

AP - Susan Cischke admits that her vision is a little fuzzy when she looks more than two decades into the future, but she still sees an internal combustion engine, albeit one smaller, lighter and more fuel-efficient than the engines of today.

After turning in such an impressive performance in April, it wasn't surprising to see investors finally start to question whether valuations would be sustainable over the near term, especially with the worst six months of the year [historically] beginning tomorrow.Before the opening bell sounded, participants were greeted with some encouraging news on the inflation front. March core PCE, the Fed's favored inflation gauge, was unchanged. That brought the year/year rate back down to 2.1% and closer to the Fed's comfort zone of below 2%, which we believe will be reached around mid-year to leave policy makers more room to address any economic concerns with some modest easing.Be that as it may, with the Dow, S&P 500, and Nasdaq coming into today's action with respective gains of 6.2%, 5.2%, and 5.6% for the month, a rally built on a batch of quarterly earnings results that merely checked in better than lowered expectations offered little incentive for investors to keep forging ahead with the indices clearly running ahead of the fundamentals. As a reminder, earnings growth expectations for Q2 and Q3 still languish in the low single digits and, if the earnings game rules continue to hold true, the bar will be lowered even further if the economic outlook remains murky. Of the nine sectors losing ground, Materials (-1.6%) paced the way lower; but that could be expected since it ranks among this year's best performers.Consumer Discretionary (-1.3%) was in focus after RadioShack (RSH 29.14 +1.42) said Q1 profits soared five-fold. However, a softer than expected personal spending number earlier prompted some consolidation among several other retailers. Homebuilders were another weak spot after a government report showed that private residential construction fell by 1% in March.Energy turned in the third worst performance today, falling 1.2% in sympathy with a 1.1% decline in crude for June delivery, followed by a 1.0% drop in Technology. Both sectors ranking among April's top three in terms of performance also tempted investors to take some money off the table heading into a seasonally weak period for stocks.Consumer Staples was in focus following upbeat earnings reports from Wrigley (WWY 58.88 +3.83) and Alberto-Culver (ACV 24.33 +0.98), as well as an analyst upgrade on Colgate-Palmolive (CL 67.76 +0.72). Procter & Gamble (PG 64.51 1.53) and Avon Products (AVP 39.86 +0.35) running up ahead of their Tuesday-morning reports also provided a floor of support throughout most of the day. Nonetheless, not even the proclivity of the sector to outperform during periods of uncertainty or an economic slowdown was enough to keep it in positive territory.Telecom was the only sector to finish higher Monday, as Verizon Communications (VZ 38.18 +0.29) matched analysts' forecasts but added 1.7 mln wireless customers in Q1. Telecom was also the only sector that failed to partake in the April rally, closing out the month flat versus April gains of more than 4% on average for the remaining nine economic sectors. BTK -1.6% DJ30 -58.03 DJTA -1.7% DJUA -1.0% DOT -1.0% NASDAQ -32.12 NQ100 -1.2% R2K -1.8% SOX -1.2% SP400 -1.4% SP500 -11.70 XOI -1.0% NASDAQ Dec/Adv/Vol 2172/895/2.03 bln NYSE Dec/Adv/Vol 2379/910/1.50 bln

There is nothing to rationally justify the previous up move or mixed results in the market other than what is tantamount to a negative, and based upon spurious data from the government; ie., fake government numbers said total PPI rose a smaller than expected 0.1% (consensus 0.4%) in July, which was well below the 0.5% jump in June, while the more closely watched core rate (ex-food and energy) unexpectedly (RIIIIIGHT!) fell 0.3% (consensus +0.2%) -- the first decline since October and the largest drop since a 0.5% decline in April 2003. Home Sales Decline in 28 States, D.C.. Real estate prices down/stagnant. But housing stocks�..up.....riiiiight!.....in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down.� Martin Crutsinger, AP Economics Writer, previously wrote,� U.S. Trade Deficit Falls 0.3 Percent in June to $64.8B, Offsetting Jump in Chinese Imports. Dell Recall Stems From sony Production Flaw� WASHINGTON (AP) -- America's trade deficit showed a slight improvement as strong global growth pushed U.S. exports to a record level. That helped offset a surge in Chinese imports and record crude oil prices. The deficit declined 0.3 percent in June, compared with May, dropping to $64.8 billion, still the fifth largest imbalance on record, the Commerce Department reported Thursday. The deficit is running at an annual rate of $768 billion through the first six months of this year, putting the country on track to see a fifth straight record imbalance. Last year's deficit was $716.7 billion. Prior considerations remain apposite in this clearly overvalued market. The frauds on wall street feel compelled to continue their tradition/superstition/fraud tactic of buying on the rumor and selling on the news (fact) of the Fed�s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money.� Yahoo previously commented: Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance....., to which I responded, Wild..... I�ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported and will now join gm in worker buyouts; but both GM and Ford will now offer built-in ipods which should substantially help their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Analyst says GM good news now behind it (past/discounted), yet stock still rose upon said analysis �..riiiiight�.. daaaaah! Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal, maybe even suspension, that has cast a harsh light on Silicon Valley's compensation practices. Don�t forget that GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland lunatic world of wall street is of course good news. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid (approx.) 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it�s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very commissionable (investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $65; yes, as in the last crash, they will get fooled again� as stocks up sharply in the fraudulent alice-in-wonderland lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the pundits/analysts are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley (who also says that in Europe bush�s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the �better than expectations� game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. Spotlight on the Stock Option Scandal-The share prices of companies involved in stock options backdating have held up well compared to the broader market. But shareholders might be in for a rougher ride. Plus, why the Nasdaq has its hands full. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived pearl harbor effect)/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/ and the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what�s up is down and what�s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they�ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin� to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don�t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)

"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006

WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):

The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

(4-27-07) STAGFLATION AS INFLATION ABOVE EXPECTATIONS (HIGHEST IN 16 YEARS), WEAK GROWTH BELOW EXPECTATIONS, Worthless Dollar Down, then there was also the Weimar Republic, the pre-1929 crash rally, but this is far worse. LEGENDARY VALUE INVESTOR JEREMY GRANTHAM, CHAIRMAN OF BOSTON FIRM GRANTHAM MAYO VAN OTTERLOO, SAYS WE ARE NOW SEEING THE FIRST WORLDWIDE BUBBLE IN HISTORY COVERING ALL ASSET CLASSES. First, realize that the criminal americans lie about everything, especially for money. One expert says that with near record lows against the Euro, Pound, etc., the translation into worthless dollars by multi-nationals artificially inflates profits/stock prices, but that is only part of the story. The Euro Next union brings the fraud to the european exchange rates, much like the carry trades in a ponzi-like commissionable paper scheme in Asia, which ultimately reverts to the mean (arbitrage) and as greenspan says, can�t last and will unravel into what would be tantamount to hot potato/musical chairs with someone holding the bag/precipitous decline/wiped out. The expert also correctly points out that there is now a total disconnect between the market and the u.s. economy which has and will continue to decline/weaken. The fact is also that although superior to the u.s., there are substantial structural problems inherent to the European economies. So absurd was this surge (like nutcase dumbya�s) that the higher oil prices rallied the transports.....riiiiight! Lunatic frauds on wall street rally on as bad business news can get, sales of previously owned homes take biggest tumble in two decades, consumer confidence down sharply , b**l s**t� (including fake economic reports-they lie about everything), higher oil prices, and, ie.,� ignoring reality regarding,� erosion in consumer sentiment and one-year inflation expectations at the highest level in 8 months, rising food and energy costs, Systemic Recession The US is sliding into a long-term economic downturn, ChinaMerica America owned the 20th century, but it won't own the 21^st, Dollar Down, Gold to Soar ...Real Estate Fiz...Recession 2007 ...Catch 22 � Lower interest rates in u.s. would decimate already worthless dollar REALITY COURTESY OF http://www.trendsresearch.com, negative inflation/economic data and continue their backward looking frenzied rally mode despite higher oil prices, unexpected jump in jobless claims, mortgage defaults highest in 37 years, retailers warning that April same-store sales will be weak, and the largest rise in import prices, Citigroup to cut 17000 jobs and earnings down 11% but stock rallies, national mortgage delinquency rate hit an all-time high of 2.87% in Q1, sentiment down, Fed Governor Mishkin saying the current rate of inflation remains too high, and on previous stellar employment report from government ...riiiiight!..., (what about the real $11 TRILLION unfunded social security/medicare unfunded liabilty by acturial/accounting), as previously u.s. auto sector sparks rally...riiiiight!..., despite previously experts acknowledging SEC must crackdown on rampant insider trading on M&A info, both services and manufacturing indices far below expectations, u.s. auto sales down, February existing home sales up but down 8.5% from previous year.....riiiiight!...previously, manufacturing index barely positive and substantially below expectations, producer prices up and above expectations, citing obfuscating mergers, higher oil prices, and a new way to scam the unwary public by unloading their worthless paper on workers through ESOPs, rally into the close building on previous stagflation report of high core rate of inflation, slightly higher spending on lower income, high oil prices and fake upward revision to GDP report (riiiiight! US GDP growth hobbled by stocks of unsold ) still relying on b**l s**t alone, even as Bernanke totally dashes wall street�s previous b.s. story underlying the previous week�s fraudulent up move based on b**l s**t alone and the paper paper chase/commissionable ponzi scheme continues (with borrowed funds) but will unwind/unravel as they always do, Home prices down/worst since '94, defaults up, new home sales unexpectedly down 3.9%.....it�s the weather say the frauds on wall street.....riiiiight!, home inventories up, oil prices up, leading indicators down again, existing home sales unexpectedly up.....right!, even as home inventories up as prices fell, warnings from the tech sector, all no problemo for the frauds on wall street, [fed heads, who�ve been printing worthless dollars like they�re going out of style because they are (so much so that they�ve stopped reporting M3), remove words �additional firming� is excuse for ridiculous mixed close as previously dollar precipitously fell on the news which is catch 22 as same is hyper-inflationary/stagflationary and dollar denominated assets fall in value], home construction unexpectedly up according to government report (riiiiight.....if you believe same.....I don�t) though permits down, lunatic frauds on wall street rally on the news, builder/construction sentiment down again and now below 50% reflecting reality, obfuscating mergers/b.s. to the rescue,� previous CPI (.4), wholesale (1.3 annualized 15.6), and core (.4) inflation rates far exceed expectations as worthless dollar and massive printing thereof and debt come home to roost, unexpected decline on the Philadelphia Fed's manufacturing index/disappointing NY Empire State Index, commissionable ponzi scheme with borrowed (ie., japan, etc.) and suckers� funds continues,� blowout Q1 earnings report from wall street lunatic frauds morgan stanley, goldman sachs (daaaaah!) even as record foreclosure rate and retail sales below expectations, mergers obfuscate dismal picture, retail sales down (they say it�s the weather.....riiiiight.....how about consumer debt at record $2.41 trillion) jobs data from private (as opposed to government) entity below expectations (who would have thunk it!.....riiiiight! But wait; latest government data at expectations and above, revising past data as unemployment rate falls to 4.5%.....and says trade deficit trend changing..... riiiiight!), along with below expectations oil inventories which had spurred oil price rally, while productivity below expectations/wage costs higher and above expectations (very inflationary), no problemo for the lunatic frauds on wall street (what a joke wall street is!) who are maniacal as lunatics suckers short-covering �bear market/higher oil prices/fake economic reports/fed speak rally� (based upon b**l s**t/fake reports even assuming fake growth rate though false, the decline of the fiat currency, the worthless dollar would negate same in real terms) (b.s. contrary to bernanke testimony before congress owing to previous implicit threat of prosecution for false statements)� fueled by b**l s**t alone ridiculously rally into the close to suck the suckers in; ie., as the Dow Jones industrial average up 15, S&P down 1, and NASDAQ up 3, all very commissionable on heavy volume, as in final pre-election result push for bush, which fell very short but has provided the same pump-priming of the market as most recently seen in 1999 which ended quite badly even without the exacerbating effects of huge unsustainable and debilitating debt/deficits deferring/delaying/prolonging the inevitable reality even as entire domestic u.s. industries are rendered what is tantamount to defunct and with corporate welfare unwisely spent (war crimes, etc.). Greenspan Warns of Likely U.S. Recession..... FORECLOSURES AT RECORD PACE, retail sales below expectations. TOP INVESTOR, SOROS' PARTNER, SEES U.S. PROPERTY CRASH 3-16-07 Major Mortgage Lender On Bankruptcy's Doorstep... REIT New Century Financial (NEW 3.21, halted at 0).....Everything is hunky doory says financial propaganda minister/comedian paulson (son of pat paulson?) while Moody�s says at least a 10% correction from fraudulent bubble highs is warranted/appropriate (I believe that to be a modest analytical view). Who would you believe? What do you expect a member of a failed administration to say? What�s changed? Nothing, as the frauds on wall street continue their commissionable ponzi scheme with borrowed (ie., japan, etc.) and suckers� funds.� Real estate experts say the pain/damage will exceed that of prior downturns since the great depression.Bernanke responds to recession prediction with b**l s**t (to his small credit he begrudgingly admits to looming fiscal crisis). Top investor, Soros partner sees property crash: 'You can't believe how bad it's going to get'... Manufacturing activity in u.s. up say fake reports (what, paper/worthless dollars/ securities/packaging for imported goods/parts/components, etc.). �BROKERS AT 'TOP-TIER' FIRMS CHARGED IN INSIDER TRADING SCHEME JUST TIP OF THE ICEBERG. New home sales down 17%.....Durables down over seven percent. Are they going to fudge/falsify the GDP revision? Oil rise on US energy inventory data. Stagflation, fake reports understate fundamental weakness, higher oil prices rally. Housing starts down sharply, as investors, domestic and international, dramatically slow purchase of fiat currency/worthless us/dollar denominated stocks and bonds. Record real estate price slump; industrial production/utilization down. Record home price slump. Retail numbers at best (I don�t believe them for a second) just flat; massive layoffs at Chrysler; more government borrowing to paint false facade. Trade deficit up sharply and new record for all of 2006 - $763 billion (the market last rallied with previous month�s improvement, and rallies with worsening, everything else was typical wall street b**l s**t meaning and based on nothing, ie., m&a, upgrade, etc.). Default rates up again. HSBC Holdings, the world's third largest bank, warned that provisions for bad debt will be some 20% higher than previously thought. SEC launch of insider trading (pervasive on fraudulent wall street) probe just tip of the iceberg. Negative savings rate (highest since great depression), factory output down, home inventories highest since last crash, defaults up, gm and ford sales down 17% and 19%, deficits trade/budget, dollar down and going lower, january jobs data weaker than the consensus estimate and below the average gain of 153,000 per month for all of 2006 and viewed as bearish......but no problemo if you�re a lunatic fraud on wall street. Personal Savings at Lowest Point Since 1933-- Great Depression's low. �Fake economic growth report from the administration. Mergers and acquisitions continue to cloud the picture facilitating the fraud. Having beat fraudulent alice-in-wonderland lunatic world of wall street expectations with Record Loss of $12.7 Billion, the rally in Ford�s stock continues..... riiiiight! Fake numbers also a plus. Ford Posts Record Loss of $12.7 Billion.....stock rallies on the news.....riiiiight! P/E ratios far beyond the mean particularly for this stage in the cycle for selected securities (ie., 80+, etc.). Higher oil prices and fake indicators report spark rally.....riiiiight! Report on leading economic indicators is delayed (very unusual unless you understand the greater complexity in fudging same.....not to worry, fans of frauds on wall street.....the lunatic frauds will also get their churn-and-earn commission dollars on the way down).Fed Chairman Bernanke begins to euphemistically discuss reality on capital hill. PAPER: Condo market in DC, Vegas, Miami and Boston has collapsed... Euro displaces dollar in bond markets...13 charged in Wall Street insider trading ring CNN International Higher oil prices and fake numbers spurs rally. More fake job numbers (at best, hamburger helpers, etc.). Foreclosures Rip Neighborhoods in Denver. Yahoo profit falls 61% but rallies 6% on b**l s**t alone. �Insider-Trading Ring Bust in US Fuels Hedge-Fund Concerns. Jawboning by kohn of print-those-worthless-dollars fed raises market.....riiiiight! The ism services index fell, but that was down from an unexpectedly and fake strong read a month earlier, manufacturing index up slightly to 51.4 (they must be counting hamburgers as manufactured goods in u.s......riiiiight!) but fed knows they�ve been printing worthless dollars like mad which of course is hyperinflationary and will come home to roost, along with huge debt/deficits, trade and budget, Stores Report Disappointing Dec. Sales, Gap Woes Deepen in Bleak Holiday Season. Ford and GM auto sales down 13%. More reports in defiance of reality, oil prices up, Dollar Slides...,every intelligent analyst/economist knows that the new home sales number from the government is a total lie that will be revised downward later, that the options scandals are pervasive in fraudulent america (100 investigations just tip of the iceberg), oil stocks continue to rally on lower oil prices, as previously on pipeline explosion in Nigeria, spill in Gulf, and sanctions for Iran, and sharp FALL in oil prices.....riiiiight!.....predictions of disappointing retail sales even with fire-sale discounted prices,..... Highest increase (2%) in 30 years for the wholesale price index, and as well, the core ppi (1.3%), GDP growth less than expected at 2%, dollar sharply lower, oil prices up, building permits down, all unexpectedly bad but great news in the fraudulent alice-in-wonderland lunatic world of wall street. New Record Quarterly Trade Deficit initially spurred lunatic market rally along with obfuscating but very commissionable merger activity. Core inflation a very unexpected unchanged .....riiiiight!.....spurs superstitious, devoid of reality, santa rally.� Investment Banks Post Record 2006 Profit .....daaaaah! Churning and earning on worthless paper, where is that commission dollar coming from even as america has ceded solvency/leadership in every economic measure. Even at the lofty record numbers the indices are worth roughly half their value based on precipitous fall of the dollar in only 5 years with further downside to go. Superstitious �Santa Claus rally�.....riiiiight! High oil price rally.....riiiiight!� Total� bulls**t ! Retail sales up a very unexpected 1%, riiiiight, at the same time inventories of such goods rising substantially (do you think they�re booking sales to �straw men/companies�.....I do!) and oil inventories down. Fake employment numbers (from the government.....riiiiight!) the impetus for previous b.s. rally despite falling sentiment and uptick in unemployment. The ism services index (financed by unsustainable deficit/debt spending and pushing/commissioning worthless paper) and jawboning/bulls**t from the housing industry (the end is near.....riiiiight!), obfuscating mergers continued to cloud the picture, closely-watched core-PCE deflator had risen a more than expected 0.2%, second sub-50 reading on manufacturing activity in as many sessions-the November ISM index unexpectedly fell to 49.5 (consensus 52.0), Chicago PMI fell to its lowest level (49.9%) in October, and below the 50 level, indicating contraction, crude prices up� (OIL PRICES RISE ABOVE $63 A BARREL...), DOLLAR RESUMES SLIDE, Fed Chairman Bernanke & Co. cheerleading/jawboning/bulls**t, 3.2% decline in new home sales, oil inventories down and oil prices up, oil producers shun the dollar, Russia and Opec shift revenues into euros, yen and sterling..., all very bad news anywhere but in the fraudulent alice-in-wonderland world of wall street. Durable goods orders fell sharply, sentiment down, but supposedly used home sales rose slightly (riiiiight.....who says; the realtors/government who have been talking up this bubble market?) albeit at sharply lower prices. DOLLAR PLUNGES TO NEAR 15-YEAR LOW� In other words, no good news to justify the ridiculous up move by the alice-in-wonderland frauds of wall street. Worthless dollar, triple deficits, stock/options scandals/corruption, as some speculate that fed is behind purchases/manipulation (through proxy) of worthless american paper now being shunned by more rational market players abroad.� MARKETS ROCKED BY LONG OVERDUE BUT STILL MODEST RELATIVE TO REALITY SHARP SLIDE IN DOLLAR...There has never been a time since 1929 when stock prices and p/e ratios were so irrationally high for this point in a bull cycle in this indisputable secular bear market, particularly with the existing unprecedented structural economic problems, ie., trade and budget deficits, worthless dollar, scandals, fraud, corruption , etc.. In fact, unemployment unexpectedly rose substantially and consumer sentiment unexpectedly but similarly realistically fell, both very negative exept in the� fraudulent alice-in-wonderland world of wall street. Indeed, the housing bubble bursting with ie., unexpected 14% decline in starts/permits, etc., led to rally in the fraudulent alice-in-wonderland world of wall street. Obfuscating mergers help preclude detection of this massive and pervasive fraud which defies analysis owing to these mergers. New talking pointing: dell numbers exceed expectations depending upon ongoing government scrutiny of their accounting practices.....riiiiight! More contrived manipulated markets and data well as that previous unexpected rise in that global hub of manufacturing activity, New York (worthless paper is their real product, etc.) �..riiiiight!�.. underpins fraudulent up move. Reassuring Fed speak, also known as b**l s**t, along with IPO�s (get the suckers in at the highs as in late 90�s market bubble), and shrugging off pervasive stock/options fraud as at, ie., KB Homes, etc., leave stocks ridiculously higher. Nations leaving the worthless dollar in droves for currencies backed by value and for precious metals. Based on the self-interested statement of typical fraud american and fed rep, we hear once again the wishful thought that housing has bottomed.....right! [Reality/Truth: US housing slump deepens, spreads]. Home depot rallies despite lower than expected results and lower guidance for the year.....right! Who is stupid enough to believe anything the fraudulent criminal americans say. They are printing worthless dollars like mad. Consumer sentiment actually previously fell and there was nothing but wall street lunacy to prop the fraudulent market. The republicans who lockstepped with war criminal dumbya bush deserved to lose. The frauds on wall street now looking for the new corporate welfare program for which to sell the sizzle ie., stem cells, etc.. The know-nothing pundits are now saying the up move without any rational basis is predicated upon the the falsity that gridlock in washington is welcomed and good because no regulation of, ie., fraud on wall street, etc., can be passed. How about a tax on stock trades to come directly from the traders' (traitors/frauds) bottom lines and provide a disincentive for the churn-and-earn fraud which is tantamount to a wasteful tax on the economy. Even token Christian paulison from jew fraud wall street couldn't stem the tide against the blatent zionist/neocon/bush co failure accross the board as the wall street frauds show record profits financed, albeit indirectly, by huge deficits, both trade and budget. Obfuscating mergers blur the picture to provide cover for up move talking points in defiance of reality.� Stagflation and full employment revisions pre-election.....riiiiight. Productivity comes in at a less than expected 0 (inflationary). The only surprise should have been that the number wasn't negative. The pundits are now saying that the market/wall street fraud is in a state of denial regarding economic fundamentals and that the market is substantially overbought, overvalued, overfrauded, over, etc., the manufacturing index coming in lower than expectations. Consumer sentiment unexpectedly fell.....daaaaah. Pre-election core inflation rate report good �..riiiiight�..but savings rate still negative and walmart sales/profits/outlook substantially below expectations but what the heck, they�re wallstreet lunatics/frauds and reality is no problem. Despite pre-election deficit spending, GNP comes in a less than expected paltry 1.6% increase with worthless falling dollar the catch-22 precluding reality avoidance and the worst yet to come. More nations leaving the worthless dollar as reserve currency even as frauds on wall street reach new highs (What are they smoking? Coking? or like the dollar just cracking) based on corporate welfare flows with money the nation doesn't have pre-election (record deficits). Housing prices continue their sharp decline as bubble deflates. GM only lost 115 million. Ford lost 5.8 billion and must restate earnings back to year 2000 is a bullish sign in the fraudulent alice-in-wonderland lunatic world of wall street. Typical pre-fed meeting rally to provide a cushion for any negative pronouncements which reality would require but are seldom forthcoming by the accommodative frauds who have similarly embraced unreality. Indeed, the gutless wimps of wall street think they're "tough" when they fraudulently take the market higher despite a clearly contrary fact based reality. Caterpillar relates the pervasive reality and the frauds on wallstreet intimidate same with sell off, ignoring pervasive options scandal/fraud and rallies Merck despite lower than expectation results.....riiiiight! Election year corporate welfare to prime the pump and the mock stock market with money the nation doesn�t have (increasing already huge deficits). CPI figures (upon which government inflation adjusted payment obligations are based) lower than expected�..riiiiight! Intel earnings/revenues down sharply but according to the lunatic frauds on wall street, beat expectations and stock rallies along with yahoo which as in the pre-dot com bust days says better days are a coming�.. riiiiight Core inflation rate which is closely watched by the Fed exceeds all expectations. Fraud Merrill Lynch has really been pushing and commissioning that worthless paper and reports record earnings, despite having produced nothing and for very little if any value added (that ill-gotten money has to come from somewhere-your pockets?). The big economic report awaiting scrutiny was the monthly trade deficit which was expected to narrow but in fact INCREASED to 69.9 billion. The alice-in-wonderland lunatic wall street frauds rallied on the news as the dollar precipitously fell. The Fed Chairman said there is a "substantial correction" in housing, which will probably shave about 1% off growth in the second half of the year. The Institute of Supply Management said its services index fell to 52.9 in September -- the lowest level since April 2003. Great News�.. riiiiight!..... Consumer Confidence Higher Than Expected... riiiiight!..... and housing starts were down sharply but not-as-bad-as-expectations game in play US Existing Home Sales Fall 0.5% in August; Sales Price Drops Existing-home prices fall for 1st time in 11 years along with fed jaw-boning pre-election that inflation has been licked .....riiiiight �..despite printing worthless dollars like they�re going out of style because they really are! Fed did nothing and stocks rallied, pre-election.....riiiiight! What about the reality of u.s. debt service at a record unsustainable $2 billion per day on a revolving $2 trillion charge account with ie., China, etc.. The fact that foreclosures are up and that there is projected new trade deficit record, fake government inflation numbers for election year purposes, housing starts down 6% means little to the alice-in-wonderland lunatic frauds of wall street and the so-called pundits including yahoo below. Almost all computerized volume is and must be considered heavy, manipulated, economically wasteful volume [stocks move contrary to rational analytical facts (ie., exceeded lowered expectations, things so bad interest rates can�t rise, exceeded expectations, no earnings but outlook extraordinary, the fed says booo as they print more worthless dollars to finance deficits, etc. ) is money in the bank for the frauds on wall street when they unwind said irrational positions ]. Philadelphia Federal Reserve announces that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, leading economic indicators fall .2%, and previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows with b**l s**t from Yahoo (which didn�t even reference the record unanticipated trade gap):

Economy Crawls, Raising Recession Fears

AP - The worst economic growth in four years is raising concern that troubles in the U.S. housing market will spread and throw the country into a recession before the year is out.

The major averages finished mixed and relatively flat Friday as investors looked lethargic closing out another impressive week of sizable gains fueled by this quarter's busiest week of earnings. Nonetheless, sellers armed with a weak GDP report, a mixed batch of earnings, and surging oil prices tried to fight the market's underlying bullish trend only to come up short, again.As has been the case throughout the Dow's virtually unabated month-long run into record territory, gains from just a handful of blue chips were just enough to help the average finish higher for the 19th time in 21 tries.Follow-through momentum in 3M Co (MMM 81.72 +1.27), and Honeywell (HON 54.87 +1.18) soaring 2.2% to a multi-year high, accounted for the bulk of the price-weighted index's advance; but fellow component Microsoft (MSFT 30.08 +0.98) was the day's headliner and Dow's best performer. Last night, the tech bellwether posted a 65% jump in Q3 profits that were a record amid strong Vista sales and provided reassuring guidance. A quiet 1.7% surge in shares of Cisco Systems (CSCO 26.99 +0.44), a suggested holding in the Briefing.com Active Portfolio, provided additional sector support. Dell (DELL 25.21 +0.30) was another tech winner, jumping 1.2% after CEO Michael Dell sent an email to the company's employees outlining steps to "re-ignite" growth. Minimizing the tech sector's performance, though, was weakness across the board from chip stocks after Broadcom (BRCM 33.40 -1.46) said it has limited visibility into near-term results. That news ran counter to what larger competitor Texas Instruments (TXN 34.79 -0.37) said earlier in the week. The PHLX Semiconductor Sector Index surged 3.1% on Tuesday after TXN cited improved demand predicated on the end to last year's inventory correction.The biggest surprise of the day was the economically-sensitive Industrial sector's ability to shrug off a weaker than expected advance read of 1.3% on Q1 GDP. While the data served as a reminder that the decent earnings trends for Q1 may not continue into Q2 and Q3, investors already anticipating signs of a slowdown and perhaps another round of supportive M&A news come Monday found just enough momentum to look past the dated nature of the GDP data.The Industrial sector got its biggest lift from a 2.7% surge in Dow component General Electric (GE 36.79 +0.95), which moved after a Citigroup analyst said GE should spin off its NBC and GE Money units. Environmental Services was the day's best performing S&P industry group (+7.6%) after Waste Management (WMI 38.21 +2.86) followed up a 19% rise in Q1 profits by raising its full-year forecasts. Construction & Farming was another source of sector support, getting a huge lift from Cummins Inc. (CMI 96.15 +10.16). The stock soared 12% to an all-time high after it handily beat expectations and boosted its FY07 profit outlook. DJ30 +15.44 NASDAQ +2.75 SP500 -0.18 NASDAQ Dec/Adv/Vol 1836/1166/2.11 bln NYSE Dec/Adv/Vol 1854/1392/1.40 bln

There is nothing to rationally justify the previous up move or mixed results in the market other than what is tantamount to a negative, and based upon spurious data from the government; ie., fake government numbers said total PPI rose a smaller than expected 0.1% (consensus 0.4%) in July, which was well below the 0.5% jump in June, while the more closely watched core rate (ex-food and energy) unexpectedly (RIIIIIGHT!) fell 0.3% (consensus +0.2%) -- the first decline since October and the largest drop since a 0.5% decline in April 2003. Home Sales Decline in 28 States, D.C.. Real estate prices down/stagnant. But housing stocks�..up.....riiiiight!.....in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down.� Martin Crutsinger, AP Economics Writer, previously wrote,� U.S. Trade Deficit Falls 0.3 Percent in June to $64.8B, Offsetting Jump in Chinese Imports. Dell Recall Stems From sony Production Flaw� WASHINGTON (AP) -- America's trade deficit showed a slight improvement as strong global growth pushed U.S. exports to a record level. That helped offset a surge in Chinese imports and record crude oil prices. The deficit declined 0.3 percent in June, compared with May, dropping to $64.8 billion, still the fifth largest imbalance on record, the Commerce Department reported Thursday. The deficit is running at an annual rate of $768 billion through the first six months of this year, putting the country on track to see a fifth straight record imbalance. Last year's deficit was $716.7 billion. Prior considerations remain apposite in this clearly overvalued market. The frauds on wall street feel compelled to continue their tradition/superstition/fraud tactic of buying on the rumor and selling on the news (fact) of the Fed�s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money.� Yahoo previously commented: Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance....., to which I responded, Wild..... I�ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported and will now join gm in worker buyouts; but both GM and Ford will now offer built-in ipods which should substantially help their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Analyst says GM good news now behind it (past/discounted), yet stock still rose upon said analysis �..riiiiight�.. daaaaah! Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal, maybe even suspension, that has cast a harsh light on Silicon Valley's compensation practices. Don�t forget that GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland lunatic world of wall street is of course good news. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid (approx.) 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it�s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very commissionable (investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $66; yes, as in the last crash, they will get fooled again� as stocks up sharply in the fraudulent alice-in-wonderland lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the pundits/analysts are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley (who also says that in Europe bush�s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the �better than expectations� game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. Spotlight on the Stock Option Scandal-The share prices of companies involved in stock options backdating have held up well compared to the broader market. But shareholders might be in for a rougher ride. Plus, why the Nasdaq has its hands full. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived pearl harbor effect)/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/ and the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what�s up is down and what�s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they�ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin� to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don�t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)

"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006

WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):

The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

(4-26-07) There was the Weimar Republic, the pre-1929 crash rally, but this is far worse. First, realize that the criminal americans lie about everything, especially for money. One expert says that with near record lows against the Euro, Pound, etc., the translation into worthless dollars by multi-nationals artificially inflates profits/stock prices, but that is only part of the story. The Euro Next union brings the fraud to the european exchange rates, much like the carry trades in a ponzi-like commissionable paper scheme in Asia, which ultimately reverts to the mean (arbitrage) and as greenspan says, can�t last and will unravel into what would be tantamount to hot potato/musical chairs with someone holding the bag/precipitous decline/wiped out. The expert also correctly points out that there is now a total disconnect between the market and the u.s. economy which has and will continue to decline/weaken. The fact is also that although superior to the u.s., there are substantial structural problems inherent to the European economies. So absurd was this surge (like nutcase dumbya�s) that the higher oil prices rallied the transports.....riiiiight! Lunatic frauds on wall street rally on as bad business news can get, sales of previously owned homes take biggest tumble in two decades, consumer confidence down sharply , b**l s**t� (including fake economic reports-they lie about everything), higher oil prices, and, ie.,� ignoring reality regarding,� erosion in consumer sentiment and one-year inflation expectations at the highest level in 8 months, rising food and energy costs, Systemic Recession The US is sliding into a long-term economic downturn, ChinaMerica America owned the 20th century, but it won't own the 21^st, Dollar Down, Gold to Soar ...Real Estate Fiz...Recession 2007 ...Catch 22 � Lower interest rates in u.s. would decimate already worthless dollar REALITY COURTESY OF http://www.trendsresearch.com, negative inflation/economic data and continue their backward looking frenzied rally mode despite higher oil prices, unexpected jump in jobless claims, mortgage defaults highest in 37 years, retailers warning that April same-store sales will be weak, and the largest rise in import prices, Citigroup to cut 17000 jobs and earnings down 11% but stock rallies, national mortgage delinquency rate hit an all-time high of 2.87% in Q1, sentiment down, Fed Governor Mishkin saying the current rate of inflation remains too high, and on previous stellar employment report from government ...riiiiight!..., (what about the real $11 TRILLION unfunded social security/medicare unfunded liabilty by acturial/accounting), as previously u.s. auto sector sparks rally...riiiiight!..., despite previously experts acknowledging SEC must crackdown on rampant insider trading on M&A info, both services and manufacturing indices far below expectations, u.s. auto sales down, February existing home sales up but down 8.5% from previous year.....riiiiight!...previously, manufacturing index barely positive and substantially below expectations, producer prices up and above expectations, citing obfuscating mergers, higher oil prices, and a new way to scam the unwary public by unloading their worthless paper on workers through ESOPs, rally into the close building on previous stagflation report of high core rate of inflation, slightly higher spending on lower income, high oil prices and fake upward revision to GDP report (riiiiight! US GDP growth hobbled by stocks of unsold ) still relying on b**l s**t alone, even as Bernanke totally dashes wall street�s previous b.s. story underlying the previous week�s fraudulent up move based on b**l s**t alone and the paper paper chase/commissionable ponzi scheme continues (with borrowed funds) but will unwind/unravel as they always do, Home prices down/worst since '94, defaults up, new home sales unexpectedly down 3.9%.....it�s the weather say the frauds on wall street.....riiiiight!, home inventories up, oil prices up, leading indicators down again, existing home sales unexpectedly up.....right!, even as home inventories up as prices fell, warnings from the tech sector, all no problemo for the frauds on wall street, [fed heads, who�ve been printing worthless dollars like they�re going out of style because they are (so much so that they�ve stopped reporting M3), remove words �additional firming� is excuse for ridiculous mixed close as previously dollar precipitously fell on the news which is catch 22 as same is hyper-inflationary/stagflationary and dollar denominated assets fall in value], home construction unexpectedly up according to government report (riiiiight.....if you believe same.....I don�t) though permits down, lunatic frauds on wall street rally on the news, builder/construction sentiment down again and now below 50% reflecting reality, obfuscating mergers/b.s. to the rescue,� previous CPI (.4), wholesale (1.3 annualized 15.6), and core (.4) inflation rates far exceed expectations as worthless dollar and massive printing thereof and debt come home to roost, unexpected decline on the Philadelphia Fed's manufacturing index/disappointing NY Empire State Index, commissionable ponzi scheme with borrowed (ie., japan, etc.) and suckers� funds continues,� blowout Q1 earnings report from wall street lunatic frauds morgan stanley, goldman sachs (daaaaah!) even as record foreclosure rate and retail sales below expectations, mergers obfuscate dismal picture, retail sales down (they say it�s the weather.....riiiiight.....how about consumer debt at record $2.41 trillion) jobs data from private (as opposed to government) entity below expectations (who would have thunk it!.....riiiiight! But wait; latest government data at expectations and above, revising past data as unemployment rate falls to 4.5%.....and says trade deficit trend changing..... riiiiight!), along with below expectations oil inventories which had spurred oil price rally, while productivity below expectations/wage costs higher and above expectations (very inflationary), no problemo for the lunatic frauds on wall street (what a joke wall street is!) who are maniacal as lunatics suckers short-covering �bear market/higher oil prices/fake economic reports/fed speak rally� (based upon b**l s**t/fake reports even assuming fake growth rate though false, the decline of the fiat currency, the worthless dollar would negate same in real terms) (b.s. contrary to bernanke testimony before congress owing to previous implicit threat of prosecution for false statements)� fueled by b**l s**t alone ridiculously rally into the close to suck the suckers in; ie., as the Dow Jones industrial average up 15, S&P down 1, and NASDAQ up 6, all very commissionable on heavy volume, as in final pre-election result push for bush, which fell very short but has provided the same pump-priming of the market as most recently seen in 1999 which ended quite badly even without the exacerbating effects of huge unsustainable and debilitating debt/deficits deferring/delaying/prolonging the inevitable reality even as entire domestic u.s. industries are rendered what is tantamount to defunct and with corporate welfare unwisely spent (war crimes, etc.). Greenspan Warns of Likely U.S. Recession..... FORECLOSURES AT RECORD PACE, retail sales below expectations. TOP INVESTOR, SOROS' PARTNER, SEES U.S. PROPERTY CRASH 3-16-07 Major Mortgage Lender On Bankruptcy's Doorstep... REIT New Century Financial (NEW 3.21, halted at 0).....Everything is hunky doory says financial propaganda minister/comedian paulson (son of pat paulson?) while Moody�s says at least a 10% correction from fraudulent bubble highs is warranted/appropriate (I believe that to be a modest analytical view). Who would you believe? What do you expect a member of a failed administration to say? What�s changed? Nothing, as the frauds on wall street continue their commissionable ponzi scheme with borrowed (ie., japan, etc.) and suckers� funds.� Real estate experts say the pain/damage will exceed that of prior downturns since the great depression.Bernanke responds to recession prediction with b**l s**t (to his small credit he begrudgingly admits to looming fiscal crisis). Top investor, Soros partner sees property crash: 'You can't believe how bad it's going to get'... Manufacturing activity in u.s. up say fake reports (what, paper/worthless dollars/ securities/packaging for imported goods/parts/components, etc.). �BROKERS AT 'TOP-TIER' FIRMS CHARGED IN INSIDER TRADING SCHEME JUST TIP OF THE ICEBERG. New home sales down 17%.....Durables down over seven percent. Are they going to fudge/falsify the GDP revision? Oil rise on US energy inventory data. Stagflation, fake reports understate fundamental weakness, higher oil prices rally. Housing starts down sharply, as investors, domestic and international, dramatically slow purchase of fiat currency/worthless us/dollar denominated stocks and bonds. Record real estate price slump; industrial production/utilization down. Record home price slump. Retail numbers at best (I don�t believe them for a second) just flat; massive layoffs at Chrysler; more government borrowing to paint false facade. Trade deficit up sharply and new record for all of 2006 - $763 billion (the market last rallied with previous month�s improvement, and rallies with worsening, everything else was typical wall street b**l s**t meaning and based on nothing, ie., m&a, upgrade, etc.). Default rates up again. HSBC Holdings, the world's third largest bank, warned that provisions for bad debt will be some 20% higher than previously thought. SEC launch of insider trading (pervasive on fraudulent wall street) probe just tip of the iceberg. Negative savings rate (highest since great depression), factory output down, home inventories highest since last crash, defaults up, gm and ford sales down 17% and 19%, deficits trade/budget, dollar down and going lower, january jobs data weaker than the consensus estimate and below the average gain of 153,000 per month for all of 2006 and viewed as bearish......but no problemo if you�re a lunatic fraud on wall street. Personal Savings at Lowest Point Since 1933-- Great Depression's low. �Fake economic growth report from the administration. Mergers and acquisitions continue to cloud the picture facilitating the fraud. Having beat fraudulent alice-in-wonderland lunatic world of wall street expectations with Record Loss of $12.7 Billion, the rally in Ford�s stock continues..... riiiiight! Fake numbers also a plus. Ford Posts Record Loss of $12.7 Billion.....stock rallies on the news.....riiiiight! P/E ratios far beyond the mean particularly for this stage in the cycle for selected securities (ie., 80+, etc.). Higher oil prices and fake indicators report spark rally.....riiiiight! Report on leading economic indicators is delayed (very unusual unless you understand the greater complexity in fudging same.....not to worry, fans of frauds on wall street.....the lunatic frauds will also get their churn-and-earn commission dollars on the way down).Fed Chairman Bernanke begins to euphemistically discuss reality on capital hill. PAPER: Condo market in DC, Vegas, Miami and Boston has collapsed... Euro displaces dollar in bond markets...13 charged in Wall Street insider trading ring CNN International Higher oil prices and fake numbers spurs rally. More fake job numbers (at best, hamburger helpers, etc.). Foreclosures Rip Neighborhoods in Denver. Yahoo profit falls 61% but rallies 6% on b**l s**t alone. �Insider-Trading Ring Bust in US Fuels Hedge-Fund Concerns. Jawboning by kohn of print-those-worthless-dollars fed raises market.....riiiiight! The ism services index fell, but that was down from an unexpectedly and fake strong read a month earlier, manufacturing index up slightly to 51.4 (they must be counting hamburgers as manufactured goods in u.s......riiiiight!) but fed knows they�ve been printing worthless dollars like mad which of course is hyperinflationary and will come home to roost, along with huge debt/deficits, trade and budget, Stores Report Disappointing Dec. Sales, Gap Woes Deepen in Bleak Holiday Season. Ford and GM auto sales down 13%. More reports in defiance of reality, oil prices up, Dollar Slides...,every intelligent analyst/economist knows that the new home sales number from the government is a total lie that will be revised downward later, that the options scandals are pervasive in fraudulent america (100 investigations just tip of the iceberg), oil stocks continue to rally on lower oil prices, as previously on pipeline explosion in Nigeria, spill in Gulf, and sanctions for Iran, and sharp FALL in oil prices.....riiiiight!.....predictions of disappointing retail sales even with fire-sale discounted prices,..... Highest increase (2%) in 30 years for the wholesale price index, and as well, the core ppi (1.3%), GDP growth less than expected at 2%, dollar sharply lower, oil prices up, building permits down, all unexpectedly bad but great news in the fraudulent alice-in-wonderland lunatic world of wall street. New Record Quarterly Trade Deficit initially spurred lunatic market rally along with obfuscating but very commissionable merger activity. Core inflation a very unexpected unchanged .....riiiiight!.....spurs superstitious, devoid of reality, santa rally.� Investment Banks Post Record 2006 Profit .....daaaaah! Churning and earning on worthless paper, where is that commission dollar coming from even as america has ceded solvency/leadership in every economic measure. Even at the lofty record numbers the indices are worth roughly half their value based on precipitous fall of the dollar in only 5 years with further downside to go. Superstitious �Santa Claus rally�.....riiiiight! High oil price rally.....riiiiight!� Total� bulls**t ! Retail sales up a very unexpected 1%, riiiiight, at the same time inventories of such goods rising substantially (do you think they�re booking sales to �straw men/companies�.....I do!) and oil inventories down. Fake employment numbers (from the government.....riiiiight!) the impetus for previous b.s. rally despite falling sentiment and uptick in unemployment. The ism services index (financed by unsustainable deficit/debt spending and pushing/commissioning worthless paper) and jawboning/bulls**t from the housing industry (the end is near.....riiiiight!), obfuscating mergers continued to cloud the picture, closely-watched core-PCE deflator had risen a more than expected 0.2%, second sub-50 reading on manufacturing activity in as many sessions-the November ISM index unexpectedly fell to 49.5 (consensus 52.0), Chicago PMI fell to its lowest level (49.9%) in October, and below the 50 level, indicating contraction, crude prices up� (OIL PRICES RISE ABOVE $63 A BARREL...), DOLLAR RESUMES SLIDE, Fed Chairman Bernanke & Co. cheerleading/jawboning/bulls**t, 3.2% decline in new home sales, oil inventories down and oil prices up, oil producers shun the dollar, Russia and Opec shift revenues into euros, yen and sterling..., all very bad news anywhere but in the fraudulent alice-in-wonderland world of wall street. Durable goods orders fell sharply, sentiment down, but supposedly used home sales rose slightly (riiiiight.....who says; the realtors/government who have been talking up this bubble market?) albeit at sharply lower prices. DOLLAR PLUNGES TO NEAR 15-YEAR LOW� In other words, no good news to justify the ridiculous up move by the alice-in-wonderland frauds of wall street. Worthless dollar, triple deficits, stock/options scandals/corruption, as some speculate that fed is behind purchases/manipulation (through proxy) of worthless american paper now being shunned by more rational market players abroad.� MARKETS ROCKED BY LONG OVERDUE BUT STILL MODEST RELATIVE TO REALITY SHARP SLIDE IN DOLLAR...There has never been a time since 1929 when stock prices and p/e ratios were so irrationally high for this point in a bull cycle in this indisputable secular bear market, particularly with the existing unprecedented structural economic problems, ie., trade and budget deficits, worthless dollar, scandals, fraud, corruption , etc.. In fact, unemployment unexpectedly rose substantially and consumer sentiment unexpectedly but similarly realistically fell, both very negative exept in the� fraudulent alice-in-wonderland world of wall street. Indeed, the housing bubble bursting with ie., unexpected 14% decline in starts/permits, etc., led to rally in the fraudulent alice-in-wonderland world of wall street. Obfuscating mergers help preclude detection of this massive and pervasive fraud which defies analysis owing to these mergers. New talking pointing: dell numbers exceed expectations depending upon ongoing government scrutiny of their accounting practices.....riiiiight! More contrived manipulated markets and data well as that previous unexpected rise in that global hub of manufacturing activity, New York (worthless paper is their real product, etc.) �..riiiiight!�.. underpins fraudulent up move. Reassuring Fed speak, also known as b**l s**t, along with IPO�s (get the suckers in at the highs as in late 90�s market bubble), and shrugging off pervasive stock/options fraud as at, ie., KB Homes, etc., leave stocks ridiculously higher. Nations leaving the worthless dollar in droves for currencies backed by value and for precious metals. Based on the self-interested statement of typical fraud american and fed rep, we hear once again the wishful thought that housing has bottomed.....right! [Reality/Truth: US housing slump deepens, spreads]. Home depot rallies despite lower than expected results and lower guidance for the year.....right! Who is stupid enough to believe anything the fraudulent criminal americans say. They are printing worthless dollars like mad. Consumer sentiment actually previously fell and there was nothing but wall street lunacy to prop the fraudulent market. The republicans who lockstepped with war criminal dumbya bush deserved to lose. The frauds on wall street now looking for the new corporate welfare program for which to sell the sizzle ie., stem cells, etc.. The know-nothing pundits are now saying the up move without any rational basis is predicated upon the the falsity that gridlock in washington is welcomed and good because no regulation of, ie., fraud on wall street, etc., can be passed. How about a tax on stock trades to come directly from the traders' (traitors/frauds) bottom lines and provide a disincentive for the churn-and-earn fraud which is tantamount to a wasteful tax on the economy. Even token Christian paulison from jew fraud wall street couldn't stem the tide against the blatent zionist/neocon/bush co failure accross the board as the wall street frauds show record profits financed, albeit indirectly, by huge deficits, both trade and budget. Obfuscating mergers blur the picture to provide cover for up move talking points in defiance of reality.� Stagflation and full employment revisions pre-election.....riiiiight. Productivity comes in at a less than expected 0 (inflationary). The only surprise should have been that the number wasn't negative. The pundits are now saying that the market/wall street fraud is in a state of denial regarding economic fundamentals and that the market is substantially overbought, overvalued, overfrauded, over, etc., the manufacturing index coming in lower than expectations. Consumer sentiment unexpectedly fell.....daaaaah. Pre-election core inflation rate report good �..riiiiight�..but savings rate still negative and walmart sales/profits/outlook substantially below expectations but what the heck, they�re wallstreet lunatics/frauds and reality is no problem. Despite pre-election deficit spending, GNP comes in a less than expected paltry 1.6% increase with worthless falling dollar the catch-22 precluding reality avoidance and the worst yet to come. More nations leaving the worthless dollar as reserve currency even as frauds on wall street reach new highs (What are they smoking? Coking? or like the dollar just cracking) based on corporate welfare flows with money the nation doesn't have pre-election (record deficits). Housing prices continue their sharp decline as bubble deflates. GM only lost 115 million. Ford lost 5.8 billion and must restate earnings back to year 2000 is a bullish sign in the fraudulent alice-in-wonderland lunatic world of wall street. Typical pre-fed meeting rally to provide a cushion for any negative pronouncements which reality would require but are seldom forthcoming by the accommodative frauds who have similarly embraced unreality. Indeed, the gutless wimps of wall street think they're "tough" when they fraudulently take the market higher despite a clearly contrary fact based reality. Caterpillar relates the pervasive reality and the frauds on wallstreet intimidate same with sell off, ignoring pervasive options scandal/fraud and rallies Merck despite lower than expectation results.....riiiiight! Election year corporate welfare to prime the pump and the mock stock market with money the nation doesn�t have (increasing already huge deficits). CPI figures (upon which government inflation adjusted payment obligations are based) lower than expected�..riiiiight! Intel earnings/revenues down sharply but according to the lunatic frauds on wall street, beat expectations and stock rallies along with yahoo which as in the pre-dot com bust days says better days are a coming�.. riiiiight Core inflation rate which is closely watched by the Fed exceeds all expectations. Fraud Merrill Lynch has really been pushing and commissioning that worthless paper and reports record earnings, despite having produced nothing and for very little if any value added (that ill-gotten money has to come from somewhere-your pockets?). The big economic report awaiting scrutiny was the monthly trade deficit which was expected to narrow but in fact INCREASED to 69.9 billion. The alice-in-wonderland lunatic wall street frauds rallied on the news as the dollar precipitously fell. The Fed Chairman said there is a "substantial correction" in housing, which will probably shave about 1% off growth in the second half of the year. The Institute of Supply Management said its services index fell to 52.9 in September -- the lowest level since April 2003. Great News�.. riiiiight!..... Consumer Confidence Higher Than Expected... riiiiight!..... and housing starts were down sharply but not-as-bad-as-expectations game in play US Existing Home Sales Fall 0.5% in August; Sales Price Drops Existing-home prices fall for 1st time in 11 years along with fed jaw-boning pre-election that inflation has been licked .....riiiiight �..despite printing worthless dollars like they�re going out of style because they really are! Fed did nothing and stocks rallied, pre-election.....riiiiight! What about the reality of u.s. debt service at a record unsustainable $2 billion per day on a revolving $2 trillion charge account with ie., China, etc.. The fact that foreclosures are up and that there is projected new trade deficit record, fake government inflation numbers for election year purposes, housing starts down 6% means little to the alice-in-wonderland lunatic frauds of wall street and the so-called pundits including yahoo below. Almost all computerized volume is and must be considered heavy, manipulated, economically wasteful volume [stocks move contrary to rational analytical facts (ie., exceeded lowered expectations, things so bad interest rates can�t rise, exceeded expectations, no earnings but outlook extraordinary, the fed says booo as they print more worthless dollars to finance deficits, etc. ) is money in the bank for the frauds on wall street when they unwind said irrational positions ]. Philadelphia Federal Reserve announces that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, leading economic indicators fall .2%, and previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows with b**l s**t from Yahoo (which didn�t even reference the record unanticipated trade gap):

Microsoft's Vista Sales Boost 3Q Profit

AP - Windows Vista buoyed Microsoft Corp.'s quarterly results, easing fears that the new operating system is too pricey, requires too many hardware upgrades and doesn't work with other companies' applications.

With the Dow soaring more than 800 points over the last four weeks, logging gains in 18 of the last 20 sessions, and finally eclipsing the psychologically significant 13,000 mark yesterday, it wasn't surprising to see blue chips take a bit of a breather Thursday. Nonetheless, a sizable gain from one of the price-weighted index's most expensive names again helped the Dow close at a new all-time high. Before the bell, 3M Co. (MMM 80.52 +3.55) handily topped Wall Street forecasts with a 52% rise in Q1 profits and reaffirmed its FY07 outlook, becoming the Dow's best performer. In fact, if it weren't for a 4.6% rally in 3M shares, the Dow would have closed in negative territory. Fellow Dow component General Motors (GM 32.40 1.33) was the index's next best performer, surging 4.3% after rival Ford Motor (F 8.21 +0.33) posted a narrower than expected Q1 loss that gave investors hope that GM will also surprise the street. Despite a late-day downturn in oil prices, Exxon Mobil (XOM 80.56 +0.64) turning in a commendable performance was also noteworthy. The world's largest publicly-traded component closed at a new all-time high after shareholders applauded better than expected earnings even though the average price of U.S. crude was 8% lower in Q1 versus last year.Of the four sectors finishing with gains, Technology was really the only bright spot following a blowout report from Apple (AAPL 98.84 +3.49). Last night, Apple posted an 88% jump in Q2 earnings on robust iPod sales and surged as much as 7.5% intraday before finishing at an all-time high. Turning in an even better performance on the tech-heavy Nasdaq, though, was Amazon.com (AMZN 62.78 +5.97), which tacked a 10.5% gain onto yesterday's giant 27% surge.

There is nothing to rationally justify the previous up move or mixed results in the market other than what is tantamount to a negative, and based upon spurious data from the government; ie., fake government numbers said total PPI rose a smaller than expected 0.1% (consensus 0.4%) in July, which was well below the 0.5% jump in June, while the more closely watched core rate (ex-food and energy) unexpectedly (RIIIIIGHT!) fell 0.3% (consensus +0.2%) -- the first decline since October and the largest drop since a 0.5% decline in April 2003. Home Sales Decline in 28 States, D.C.. Real estate prices down/stagnant. But housing stocks�..up.....riiiiight!.....in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down.� Martin Crutsinger, AP Economics Writer, previously wrote,� U.S. Trade Deficit Falls 0.3 Percent in June to $64.8B, Offsetting Jump in Chinese Imports. Dell Recall Stems From sony Production Flaw� WASHINGTON (AP) -- America's trade deficit showed a slight improvement as strong global growth pushed U.S. exports to a record level. That helped offset a surge in Chinese imports and record crude oil prices. The deficit declined 0.3 percent in June, compared with May, dropping to $64.8 billion, still the fifth largest imbalance on record, the Commerce Department reported Thursday. The deficit is running at an annual rate of $768 billion through the first six months of this year, putting the country on track to see a fifth straight record imbalance. Last year's deficit was $716.7 billion. Prior considerations remain apposite in this clearly overvalued market. The frauds on wall street feel compelled to continue their tradition/superstition/fraud tactic of buying on the rumor and selling on the news (fact) of the Fed�s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money.� Yahoo previously commented: Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance....., to which I responded, Wild..... I�ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported and will now join gm in worker buyouts; but both GM and Ford will now offer built-in ipods which should substantially help their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Analyst says GM good news now behind it (past/discounted), yet stock still rose upon said analysis �..riiiiight�.. daaaaah! Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal, maybe even suspension, that has cast a harsh light on Silicon Valley's compensation practices. Don�t forget that GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland lunatic world of wall street is of course good news. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid (approx.) 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it�s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very commissionable (investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $65; yes, as in the last crash, they will get fooled again� as stocks up sharply in the fraudulent alice-in-wonderland lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the pundits/analysts are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley (who also says that in Europe bush�s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the �better than expectations� game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. Spotlight on the Stock Option Scandal-The share prices of companies involved in stock options backdating have held up well compared to the broader market. But shareholders might be in for a rougher ride. Plus, why the Nasdaq has its hands full. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived pearl harbor effect)/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/ and the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what�s up is down and what�s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they�ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin� to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don�t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)

"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006

WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):

The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

(4-25-07) There was the Weimar Republic, the pre-1929 crash rally, but this is far worse. First, realize that the criminal americans lie about everything, especially for money. One expert says that with near record lows against the Euro, Pound, etc., the translation into worthless dollars by multi-nationals artificially inflates profits/stock prices, but that is only part of the story. The Euro Next union brings the fraud to the european exchange rates, much like the carry trades in a ponzi-like commissionable paper scheme in Asia, which ultimately reverts to the mean (arbitrage) and as greenspan says, can�t last and will unravel into what would be tantamount to hot potato/musical chairs with someone holding the bag/precipitous decline/wiped out. The expert also correctly points out that there is now a total disconnect between the market and the u.s. economy which has and will continue to decline/weaken. The fact is also that although superior to the u.s., there are substantial structural problems inherent to the European economies. So absurd was this surge (like nutcase dumbya�s) that the higher oil prices rallied the transports.....riiiiight! Lunatic frauds on wall street rally on as bad business news can get, sales of previously owned homes take biggest tumble in two decades, consumer confidence down sharply , b**l s**t� (including fake economic reports-they lie about everything), higher oil prices, and, ie.,� ignoring reality regarding,� erosion in consumer sentiment and one-year inflation expectations at the highest level in 8 months, rising food and energy costs, Systemic Recession The US is sliding into a long-term economic downturn, ChinaMerica America owned the 20th century, but it won't own the 21^st, Dollar Down, Gold to Soar ...Real Estate Fiz...Recession 2007 ...Catch 22 � Lower interest rates in u.s. would decimate already worthless dollar REALITY COURTESY OF http://www.trendsresearch.com, negative inflation/economic data and continue their backward looking frenzied rally mode despite higher oil prices, unexpected jump in jobless claims, mortgage defaults highest in 37 years, retailers warning that April same-store sales will be weak, and the largest rise in import prices, Citigroup to cut 17000 jobs and earnings down 11% but stock rallies, national mortgage delinquency rate hit an all-time high of 2.87% in Q1, sentiment down, Fed Governor Mishkin saying the current rate of inflation remains too high, and on previous stellar employment report from government ...riiiiight!..., (what about the real $11 TRILLION unfunded social security/medicare unfunded liabilty by acturial/accounting), as previously u.s. auto sector sparks rally...riiiiight!..., despite previously experts acknowledging SEC must crackdown on rampant insider trading on M&A info, both services and manufacturing indices far below expectations, u.s. auto sales down, February existing home sales up but down 8.5% from previous year.....riiiiight!...previously, manufacturing index barely positive and substantially below expectations, producer prices up and above expectations, citing obfuscating mergers, higher oil prices, and a new way to scam the unwary public by unloading their worthless paper on workers through ESOPs, rally into the close building on previous stagflation report of high core rate of inflation, slightly higher spending on lower income, high oil prices and fake upward revision to GDP report (riiiiight! US GDP growth hobbled by stocks of unsold ) still relying on b**l s**t alone, even as Bernanke totally dashes wall street�s previous b.s. story underlying the previous week�s fraudulent up move based on b**l s**t alone and the paper paper chase/commissionable ponzi scheme continues (with borrowed funds) but will unwind/unravel as they always do, Home prices down/worst since '94, defaults up, new home sales unexpectedly down 3.9%.....it�s the weather say the frauds on wall street.....riiiiight!, home inventories up, oil prices up, leading indicators down again, existing home sales unexpectedly up.....right!, even as home inventories up as prices fell, warnings from the tech sector, all no problemo for the frauds on wall street, [fed heads, who�ve been printing worthless dollars like they�re going out of style because they are (so much so that they�ve stopped reporting M3), remove words �additional firming� is excuse for ridiculous mixed close as previously dollar precipitously fell on the news which is catch 22 as same is hyper-inflationary/stagflationary and dollar denominated assets fall in value], home construction unexpectedly up according to government report (riiiiight.....if you believe same.....I don�t) though permits down, lunatic frauds on wall street rally on the news, builder/construction sentiment down again and now below 50% reflecting reality, obfuscating mergers/b.s. to the rescue,� previous CPI (.4), wholesale (1.3 annualized 15.6), and core (.4) inflation rates far exceed expectations as worthless dollar and massive printing thereof and debt come home to roost, unexpected decline on the Philadelphia Fed's manufacturing index/disappointing NY Empire State Index, commissionable ponzi scheme with borrowed (ie., japan, etc.) and suckers� funds continues,� blowout Q1 earnings report from wall street lunatic frauds morgan stanley, goldman sachs (daaaaah!) even as record foreclosure rate and retail sales below expectations, mergers obfuscate dismal picture, retail sales down (they say it�s the weather.....riiiiight.....how about consumer debt at record $2.41 trillion) jobs data from private (as opposed to government) entity below expectations (who would have thunk it!.....riiiiight! But wait; latest government data at expectations and above, revising past data as unemployment rate falls to 4.5%.....and says trade deficit trend changing..... riiiiight!), along with below expectations oil inventories which had spurred oil price rally, while productivity below expectations/wage costs higher and above expectations (very inflationary), no problemo for the lunatic frauds on wall street (what a joke wall street is!) who are maniacal as lunatics suckers short-covering �bear market/higher oil prices/fake economic reports/fed speak rally� (based upon b**l s**t/fake reports even assuming fake growth rate though false, the decline of the fiat currency, the worthless dollar would negate same in real terms) (b.s. contrary to bernanke testimony before congress owing to previous implicit threat of prosecution for false statements)� fueled by b**l s**t alone ridiculously rally into the close to suck the suckers in; ie., as the Dow Jones industrial average up 135.95, S&P up 15.01, and NASDAQ up 23.35, all very commissionable on heavy volume, as in final pre-election result push for bush, which fell very short but has provided the same pump-priming of the market as most recently seen in 1999 which ended quite badly even without the exacerbating effects of huge unsustainable and debilitating debt/deficits deferring/delaying/prolonging the inevitable reality even as entire domestic u.s. industries are rendered what is tantamount to defunct and with corporate welfare unwisely spent (war crimes, etc.). Greenspan Warns of Likely U.S. Recession..... FORECLOSURES AT RECORD PACE, retail sales below expectations. TOP INVESTOR, SOROS' PARTNER, SEES U.S. PROPERTY CRASH 3-16-07 Major Mortgage Lender On Bankruptcy's Doorstep... REIT New Century Financial (NEW 3.21, halted at 0).....Everything is hunky doory says financial propaganda minister/comedian paulson (son of pat paulson?) while Moody�s says at least a 10% correction from fraudulent bubble highs is warranted/appropriate (I believe that to be a modest analytical view). Who would you believe? What do you expect a member of a failed administration to say? What�s changed? Nothing, as the frauds on wall street continue their commissionable ponzi scheme with borrowed (ie., japan, etc.) and suckers� funds.� Real estate experts say the pain/damage will exceed that of prior downturns since the great depression.Bernanke responds to recession prediction with b**l s**t (to his small credit he begrudgingly admits to looming fiscal crisis). Top investor, Soros partner sees property crash: 'You can't believe how bad it's going to get'... Manufacturing activity in u.s. up say fake reports (what, paper/worthless dollars/ securities/packaging for imported goods/parts/components, etc.). �BROKERS AT 'TOP-TIER' FIRMS CHARGED IN INSIDER TRADING SCHEME JUST TIP OF THE ICEBERG. New home sales down 17%.....Durables down over seven percent. Are they going to fudge/falsify the GDP revision? Oil rise on US energy inventory data. Stagflation, fake reports understate fundamental weakness, higher oil prices rally. Housing starts down sharply, as investors, domestic and international, dramatically slow purchase of fiat currency/worthless us/dollar denominated stocks and bonds. Record real estate price slump; industrial production/utilization down. Record home price slump. Retail numbers at best (I don�t believe them for a second) just flat; massive layoffs at Chrysler; more government borrowing to paint false facade. Trade deficit up sharply and new record for all of 2006 - $763 billion (the market last rallied with previous month�s improvement, and rallies with worsening, everything else was typical wall street b**l s**t meaning and based on nothing, ie., m&a, upgrade, etc.). Default rates up again. HSBC Holdings, the world's third largest bank, warned that provisions for bad debt will be some 20% higher than previously thought. SEC launch of insider trading (pervasive on fraudulent wall street) probe just tip of the iceberg. Negative savings rate (highest since great depression), factory output down, home inventories highest since last crash, defaults up, gm and ford sales down 17% and 19%, deficits trade/budget, dollar down and going lower, january jobs data weaker than the consensus estimate and below the average gain of 153,000 per month for all of 2006 and viewed as bearish......but no problemo if you�re a lunatic fraud on wall street. Personal Savings at Lowest Point Since 1933-- Great Depression's low. �Fake economic growth report from the administration. Mergers and acquisitions continue to cloud the picture facilitating the fraud. Having beat fraudulent alice-in-wonderland lunatic world of wall street expectations with Record Loss of $12.7 Billion, the rally in Ford�s stock continues..... riiiiight! Fake numbers also a plus. Ford Posts Record Loss of $12.7 Billion.....stock rallies on the news.....riiiiight! P/E ratios far beyond the mean particularly for this stage in the cycle for selected securities (ie., 80+, etc.). Higher oil prices and fake indicators report spark rally.....riiiiight! Report on leading economic indicators is delayed (very unusual unless you understand the greater complexity in fudging same.....not to worry, fans of frauds on wall street.....the lunatic frauds will also get their churn-and-earn commission dollars on the way down).Fed Chairman Bernanke begins to euphemistically discuss reality on capital hill. PAPER: Condo market in DC, Vegas, Miami and Boston has collapsed... Euro displaces dollar in bond markets...13 charged in Wall Street insider trading ring CNN International Higher oil prices and fake numbers spurs rally. More fake job numbers (at best, hamburger helpers, etc.). Foreclosures Rip Neighborhoods in Denver. Yahoo profit falls 61% but rallies 6% on b**l s**t alone. �Insider-Trading Ring Bust in US Fuels Hedge-Fund Concerns. Jawboning by kohn of print-those-worthless-dollars fed raises market.....riiiiight! The ism services index fell, but that was down from an unexpectedly and fake strong read a month earlier, manufacturing index up slightly to 51.4 (they must be counting hamburgers as manufactured goods in u.s......riiiiight!) but fed knows they�ve been printing worthless dollars like mad which of course is hyperinflationary and will come home to roost, along with huge debt/deficits, trade and budget, Stores Report Disappointing Dec. Sales, Gap Woes Deepen in Bleak Holiday Season. Ford and GM auto sales down 13%. More reports in defiance of reality, oil prices up, Dollar Slides...,every intelligent analyst/economist knows that the new home sales number from the government is a total lie that will be revised downward later, that the options scandals are pervasive in fraudulent america (100 investigations just tip of the iceberg), oil stocks continue to rally on lower oil prices, as previously on pipeline explosion in Nigeria, spill in Gulf, and sanctions for Iran, and sharp FALL in oil prices.....riiiiight!.....predictions of disappointing retail sales even with fire-sale discounted prices,..... Highest increase (2%) in 30 years for the wholesale price index, and as well, the core ppi (1.3%), GDP growth less than expected at 2%, dollar sharply lower, oil prices up, building permits down, all unexpectedly bad but great news in the fraudulent alice-in-wonderland lunatic world of wall street. New Record Quarterly Trade Deficit initially spurred lunatic market rally along with obfuscating but very commissionable merger activity. Core inflation a very unexpected unchanged .....riiiiight!.....spurs superstitious, devoid of reality, santa rally.� Investment Banks Post Record 2006 Profit .....daaaaah! Churning and earning on worthless paper, where is that commission dollar coming from even as america has ceded solvency/leadership in every economic measure. Even at the lofty record numbers the indices are worth roughly half their value based on precipitous fall of the dollar in only 5 years with further downside to go. Superstitious �Santa Claus rally�.....riiiiight! High oil price rally.....riiiiight!� Total� bulls**t ! Retail sales up a very unexpected 1%, riiiiight, at the same time inventories of such goods rising substantially (do you think they�re booking sales to �straw men/companies�.....I do!) and oil inventories down. Fake employment numbers (from the government.....riiiiight!) the impetus for previous b.s. rally despite falling sentiment and uptick in unemployment. The ism services index (financed by unsustainable deficit/debt spending and pushing/commissioning worthless paper) and jawboning/bulls**t from the housing industry (the end is near.....riiiiight!), obfuscating mergers continued to cloud the picture, closely-watched core-PCE deflator had risen a more than expected 0.2%, second sub-50 reading on manufacturing activity in as many sessions-the November ISM index unexpectedly fell to 49.5 (consensus 52.0), Chicago PMI fell to its lowest level (49.9%) in October, and below the 50 level, indicating contraction, crude prices up� (OIL PRICES RISE ABOVE $63 A BARREL...), DOLLAR RESUMES SLIDE, Fed Chairman Bernanke & Co. cheerleading/jawboning/bulls**t, 3.2% decline in new home sales, oil inventories down and oil prices up, oil producers shun the dollar, Russia and Opec shift revenues into euros, yen and sterling..., all very bad news anywhere but in the fraudulent alice-in-wonderland world of wall street. Durable goods orders fell sharply, sentiment down, but supposedly used home sales rose slightly (riiiiight.....who says; the realtors/government who have been talking up this bubble market?) albeit at sharply lower prices. DOLLAR PLUNGES TO NEAR 15-YEAR LOW� In other words, no good news to justify the ridiculous up move by the alice-in-wonderland frauds of wall street. Worthless dollar, triple deficits, stock/options scandals/corruption, as some speculate that fed is behind purchases/manipulation (through proxy) of worthless american paper now being shunned by more rational market players abroad.� MARKETS ROCKED BY LONG OVERDUE BUT STILL MODEST RELATIVE TO REALITY SHARP SLIDE IN DOLLAR...There has never been a time since 1929 when stock prices and p/e ratios were so irrationally high for this point in a bull cycle in this indisputable secular bear market, particularly with the existing unprecedented structural economic problems, ie., trade and budget deficits, worthless dollar, scandals, fraud, corruption , etc.. In fact, unemployment unexpectedly rose substantially and consumer sentiment unexpectedly but similarly realistically fell, both very negative exept in the� fraudulent alice-in-wonderland world of wall street. Indeed, the housing bubble bursting with ie., unexpected 14% decline in starts/permits, etc., led to rally in the fraudulent alice-in-wonderland world of wall street. Obfuscating mergers help preclude detection of this massive and pervasive fraud which defies analysis owing to these mergers. New talking pointing: dell numbers exceed expectations depending upon ongoing government scrutiny of their accounting practices.....riiiiight! More contrived manipulated markets and data well as that previous unexpected rise in that global hub of manufacturing activity, New York (worthless paper is their real product, etc.) �..riiiiight!�.. underpins fraudulent up move. Reassuring Fed speak, also known as b**l s**t, along with IPO�s (get the suckers in at the highs as in late 90�s market bubble), and shrugging off pervasive stock/options fraud as at, ie., KB Homes, etc., leave stocks ridiculously higher. Nations leaving the worthless dollar in droves for currencies backed by value and for precious metals. Based on the self-interested statement of typical fraud american and fed rep, we hear once again the wishful thought that housing has bottomed.....right! [Reality/Truth: US housing slump deepens, spreads]. Home depot rallies despite lower than expected results and lower guidance for the year.....right! Who is stupid enough to believe anything the fraudulent criminal americans say. They are printing worthless dollars like mad. Consumer sentiment actually previously fell and there was nothing but wall street lunacy to prop the fraudulent market. The republicans who lockstepped with war criminal dumbya bush deserved to lose. The frauds on wall street now looking for the new corporate welfare program for which to sell the sizzle ie., stem cells, etc.. The know-nothing pundits are now saying the up move without any rational basis is predicated upon the the falsity that gridlock in washington is welcomed and good because no regulation of, ie., fraud on wall street, etc., can be passed. How about a tax on stock trades to come directly from the traders' (traitors/frauds) bottom lines and provide a disincentive for the churn-and-earn fraud which is tantamount to a wasteful tax on the economy. Even token Christian paulison from jew fraud wall street couldn't stem the tide against the blatent zionist/neocon/bush co failure accross the board as the wall street frauds show record profits financed, albeit indirectly, by huge deficits, both trade and budget. Obfuscating mergers blur the picture to provide cover for up move talking points in defiance of reality.� Stagflation and full employment revisions pre-election.....riiiiight. Productivity comes in at a less than expected 0 (inflationary). The only surprise should have been that the number wasn't negative. The pundits are now saying that the market/wall street fraud is in a state of denial regarding economic fundamentals and that the market is substantially overbought, overvalued, overfrauded, over, etc., the manufacturing index coming in lower than expectations. Consumer sentiment unexpectedly fell.....daaaaah. Pre-election core inflation rate report good �..riiiiight�..but savings rate still negative and walmart sales/profits/outlook substantially below expectations but what the heck, they�re wallstreet lunatics/frauds and reality is no problem. Despite pre-election deficit spending, GNP comes in a less than expected paltry 1.6% increase with worthless falling dollar the catch-22 precluding reality avoidance and the worst yet to come. More nations leaving the worthless dollar as reserve currency even as frauds on wall street reach new highs (What are they smoking? Coking? or like the dollar just cracking) based on corporate welfare flows with money the nation doesn't have pre-election (record deficits). Housing prices continue their sharp decline as bubble deflates. GM only lost 115 million. Ford lost 5.8 billion and must restate earnings back to year 2000 is a bullish sign in the fraudulent alice-in-wonderland lunatic world of wall street. Typical pre-fed meeting rally to provide a cushion for any negative pronouncements which reality would require but are seldom forthcoming by the accommodative frauds who have similarly embraced unreality. Indeed, the gutless wimps of wall street think they're "tough" when they fraudulently take the market higher despite a clearly contrary fact based reality. Caterpillar relates the pervasive reality and the frauds on wallstreet intimidate same with sell off, ignoring pervasive options scandal/fraud and rallies Merck despite lower than expectation results.....riiiiight! Election year corporate welfare to prime the pump and the mock stock market with money the nation doesn�t have (increasing already huge deficits). CPI figures (upon which government inflation adjusted payment obligations are based) lower than expected�..riiiiight! Intel earnings/revenues down sharply but according to the lunatic frauds on wall street, beat expectations and stock rallies along with yahoo which as in the pre-dot com bust days says better days are a coming�.. riiiiight Core inflation rate which is closely watched by the Fed exceeds all expectations. Fraud Merrill Lynch has really been pushing and commissioning that worthless paper and reports record earnings, despite having produced nothing and for very little if any value added (that ill-gotten money has to come from somewhere-your pockets?). The big economic report awaiting scrutiny was the monthly trade deficit which was expected to narrow but in fact INCREASED to 69.9 billion. The alice-in-wonderland lunatic wall street frauds rallied on the news as the dollar precipitously fell. The Fed Chairman said there is a "substantial correction" in housing, which will probably shave about 1% off growth in the second half of the year. The Institute of Supply Management said its services index fell to 52.9 in September -- the lowest level since April 2003. Great News�.. riiiiight!..... Consumer Confidence Higher Than Expected... riiiiight!..... and housing starts were down sharply but not-as-bad-as-expectations game in play US Existing Home Sales Fall 0.5% in August; Sales Price Drops Existing-home prices fall for 1st time in 11 years along with fed jaw-boning pre-election that inflation has been licked .....riiiiight �..despite printing worthless dollars like they�re going out of style because they really are! Fed did nothing and stocks rallied, pre-election.....riiiiight! What about the reality of u.s. debt service at a record unsustainable $2 billion per day on a revolving $2 trillion charge account with ie., China, etc.. The fact that foreclosures are up and that there is projected new trade deficit record, fake government inflation numbers for election year purposes, housing starts down 6% means little to the alice-in-wonderland lunatic frauds of wall street and the so-called pundits including yahoo below. Almost all computerized volume is and must be considered heavy, manipulated, economically wasteful volume [stocks move contrary to rational analytical facts (ie., exceeded lowered expectations, things so bad interest rates can�t rise, exceeded expectations, no earnings but outlook extraordinary, the fed says booo as they print more worthless dollars to finance deficits, etc. ) is money in the bank for the frauds on wall street when they unwind said irrational positions ]. Philadelphia Federal Reserve announces that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, leading economic indicators fall .2%, and previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows with b**l s**t from Yahoo (which didn�t even reference the record unanticipated trade gap):

Investors Hope for Continued Rise on Dow
AP - With the Dow Jones industrial average moving past the 13,000 mark for the first time, investors will likely be searching for a catalyst to send the markets higher.

Finally, the wait is over, as the attraction of a psychologically important number such as 13,000 on the Dow helped underpin a bullish bias right out of the gate and well into the close. All three major indices finished just off their highs but averaged a one-day gain of roughly 1.0%.While corporate profits continued to pour in better than analysts' lowered expectations, arming the bulls with enough momentum to power the Dow further into record territory, it is worth noting that news other than earnings also had a profound effect on the blue-chip index. Alcoa (AA 35.76 +1.81) soared 5.3% after saying it will explore the possible sale of its packaging unit. Another example was IBM (IBM 101.46 +2.97), which nearly matched yesterday's surprise 3.4% surge following very upbeat buyback news.Nonetheless, more evidence that Wall Street analysts were overly pessimistic going into the Q1 earnings season continued to provide a floor of support for stocks even though economic trends remain worrisome.On the economic front, March durable goods rose a stronger than expected 3.4%, boosted significantly by aircraft orders which also helped Boeing (BA 94.69 +1.02) shareholders look past management's conservative guidance. Even though the headline durable goods number combined with an upward revision to the February figure still doesn't wipe out the huge 8.8% drop in January, investors found solace in the fact that core capital equipment orders bounced back after two months of declines with a healthy 4.7% increase. Non-defense capital goods orders excluding transportation provide a clearer read on underlying business investment.Investors were also eyeing the Fed's Beige Book to see what it may or may not say about the economy. However, after the report to be used at the May 9 FOMC meeting showed "modest or moderate" expansion, "only modest overall wage increases," and generally stable consumer prices, stocks caught another wave of buying interest.A bidding war taking shape that is likely to result in the largest banking deal ever was also noteworthy. Brokerage stocks got a lift after a consortium led by the Royal Bank of Scotland announced a $98 bln counterbid to Barclays' (BCS 58.47 +1.62) $91 bln offer for ABN Amro (ABN 49.77 +2.37) earlier in the week.With the market already questioning whether gasoline supplies will be sufficient by the start of the summer driving season, an 11th straight weekly decline in inventories, and refinery utilization falling to 87.8%, boosting oil prices nearly 2.0%, still wasn't enough to deter investors. Crude for June delivery closed near $65.80/bbl. The Energy sector surged more than 2.0%, providing some influential leadership as the day's best performing sector.Technology also provided notable leadership to the upside as investors scooped up bellwethers like Apple (AAPL 95.34 +2.10) and Qualcomm (QCOM 45.34 +0.98) in anticipation of more earnings surprises in the what is expected to be one of the largest contributors to profit growth on the S&P 500 this year.Consumer Discretionary was another bright spot Wednesday, getting its biggest boost from Amazon.com (AMZN 56.81 +12.06), which soared 27% after management raised its full-year outlook and said Q1 profits more than doubled. DJ30 +135.95 NASDAQ +23.35 SP500 +15.01 NASDAQ Dec/Adv/Vol 1251/1827/2.69 bln NYSE Dec/Adv/Vol 943/2329/1.67 bln

US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)

"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006

WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):

The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

(4-24-07) Lunatic frauds on wall street rally on as bad business news can get, sales of previously owned homes take biggest tumble in two decades, consumer confidence down sharply , b**l s**t� (including fake economic reports-they lie about everything), higher oil prices, and, ie.,� ignoring reality regarding,� erosion in consumer sentiment and one-year inflation expectations at the highest level in 8 months, rising food and energy costs, Systemic Recession The US is sliding into a long-term economic downturn, ChinaMerica America owned the 20th century, but it won't own the 21^st, Dollar Down, Gold to Soar ...Real Estate Fiz...Recession 2007 ...Catch 22 � Lower interest rates in u.s. would decimate already worthless dollar REALITY COURTESY OF http://www.trendsresearch.com, negative inflation/economic data and continue their backward looking frenzied rally mode despite higher oil prices, unexpected jump in jobless claims, mortgage defaults highest in 37 years, retailers warning that April same-store sales will be weak, and the largest rise in import prices, Citigroup to cut 17000 jobs and earnings down 11% but stock rallies, national mortgage delinquency rate hit an all-time high of 2.87% in Q1, sentiment down, Fed Governor Mishkin saying the current rate of inflation remains too high, and on previous stellar employment report from government ...riiiiight!..., (what about the real $11 TRILLION unfunded social security/medicare unfunded liabilty by acturial/accounting), as previously u.s. auto sector sparks rally...riiiiight!..., despite previously experts acknowledging SEC must crackdown on rampant insider trading on M&A info, both services and manufacturing indices far below expectations, u.s. auto sales down, February existing home sales up but down 8.5% from previous year.....riiiiight!...previously, manufacturing index barely positive and substantially below expectations, producer prices up and above expectations, citing obfuscating mergers, higher oil prices, and a new way to scam the unwary public by unloading their worthless paper on workers through ESOPs, rally into the close building on previous stagflation report of high core rate of inflation, slightly higher spending on lower income, high oil prices and fake upward revision to GDP report (riiiiight! US GDP growth hobbled by stocks of unsold ) still relying on b**l s**t alone, even as Bernanke totally dashes wall street�s previous b.s. story underlying the previous week�s fraudulent up move based on b**l s**t alone and the paper paper chase/commissionable ponzi scheme continues (with borrowed funds) but will unwind/unravel as they always do, Home prices down/worst since '94, defaults up, new home sales unexpectedly down 3.9%.....it�s the weather say the frauds on wall street.....riiiiight!, home inventories up, oil prices up, leading indicators down again, existing home sales unexpectedly up.....right!, even as home inventories up as prices fell, warnings from the tech sector, all no problemo for the frauds on wall street, [fed heads, who�ve been printing worthless dollars like they�re going out of style because they are (so much so that they�ve stopped reporting M3), remove words �additional firming� is excuse for ridiculous mixed close as previously dollar precipitously fell on the news which is catch 22 as same is hyper-inflationary/stagflationary and dollar denominated assets fall in value], home construction unexpectedly up according to government report (riiiiight.....if you believe same.....I don�t) though permits down, lunatic frauds on wall street rally on the news, builder/construction sentiment down again and now below 50% reflecting reality, obfuscating mergers/b.s. to the rescue,� previous CPI (.4), wholesale (1.3 annualized 15.6), and core (.4) inflation rates far exceed expectations as worthless dollar and massive printing thereof and debt come home to roost, unexpected decline on the Philadelphia Fed's manufacturing index/disappointing NY Empire State Index, commissionable ponzi scheme with borrowed (ie., japan, etc.) and suckers� funds continues,� blowout Q1 earnings report from wall street lunatic frauds morgan stanley, goldman sachs (daaaaah!) even as record foreclosure rate and retail sales below expectations, mergers obfuscate dismal picture, retail sales down (they say it�s the weather.....riiiiight.....how about consumer debt at record $2.41 trillion) jobs data from private (as opposed to government) entity below expectations (who would have thunk it!.....riiiiight! But wait; latest government data at expectations and above, revising past data as unemployment rate falls to 4.5%.....and says trade deficit trend changing..... riiiiight!), along with below expectations oil inventories which had spurred oil price rally, while productivity below expectations/wage costs higher and above expectations (very inflationary), no problemo for the lunatic frauds on wall street (what a joke wall street is!) who are maniacal as lunatics suckers short-covering �bear market/higher oil prices/fake economic reports/fed speak rally� (based upon b**l s**t/fake reports even assuming fake growth rate though false, the decline of the fiat currency, the worthless dollar would negate same in real terms) (b.s. contrary to bernanke testimony before congress owing to previous implicit threat of prosecution for false statements)� fueled by b**l s**t alone ridiculously rally into the close to suck the suckers in; ie., as the Dow Jones industrial average up 34.54, S&P down .52, and NASDAQ up .87, all very commissionable on heavy volume, as in final pre-election result push for bush, which fell very short but has provided the same pump-priming of the market as most recently seen in 1999 which ended quite badly even without the exacerbating effects of huge unsustainable and debilitating debt/deficits deferring/delaying/prolonging the inevitable reality even as entire domestic u.s. industries are rendered what is tantamount to defunct and with corporate welfare unwisely spent (war crimes, etc.). Greenspan Warns of Likely U.S. Recession..... FORECLOSURES AT RECORD PACE, retail sales below expectations. TOP INVESTOR, SOROS' PARTNER, SEES U.S. PROPERTY CRASH 3-16-07 Major Mortgage Lender On Bankruptcy's Doorstep... REIT New Century Financial (NEW 3.21, halted at 0).....Everything is hunky doory says financial propaganda minister/comedian paulson (son of pat paulson?) while Moody�s says at least a 10% correction from fraudulent bubble highs is warranted/appropriate (I believe that to be a modest analytical view). Who would you believe? What do you expect a member of a failed administration to say? What�s changed? Nothing, as the frauds on wall street continue their commissionable ponzi scheme with borrowed (ie., japan, etc.) and suckers� funds.� Real estate experts say the pain/damage will exceed that of prior downturns since the great depression.Bernanke responds to recession prediction with b**l s**t (to his small credit he begrudgingly admits to looming fiscal crisis). Top investor, Soros partner sees property crash: 'You can't believe how bad it's going to get'... Manufacturing activity in u.s. up say fake reports (what, paper/worthless dollars/ securities/packaging for imported goods/parts/components, etc.). �BROKERS AT 'TOP-TIER' FIRMS CHARGED IN INSIDER TRADING SCHEME JUST TIP OF THE ICEBERG. New home sales down 17%.....Durables down over seven percent. Are they going to fudge/falsify the GDP revision? Oil rise on US energy inventory data. Stagflation, fake reports understate fundamental weakness, higher oil prices rally. Housing starts down sharply, as investors, domestic and international, dramatically slow purchase of fiat currency/worthless us/dollar denominated stocks and bonds. Record real estate price slump; industrial production/utilization down. Record home price slump. Retail numbers at best (I don�t believe them for a second) just flat; massive layoffs at Chrysler; more government borrowing to paint false facade. Trade deficit up sharply and new record for all of 2006 - $763 billion (the market last rallied with previous month�s improvement, and rallies with worsening, everything else was typical wall street b**l s**t meaning and based on nothing, ie., m&a, upgrade, etc.). Default rates up again. HSBC Holdings, the world's third largest bank, warned that provisions for bad debt will be some 20% higher than previously thought. SEC launch of insider trading (pervasive on fraudulent wall street) probe just tip of the iceberg. Negative savings rate (highest since great depression), factory output down, home inventories highest since last crash, defaults up, gm and ford sales down 17% and 19%, deficits trade/budget, dollar down and going lower, january jobs data weaker than the consensus estimate and below the average gain of 153,000 per month for all of 2006 and viewed as bearish......but no problemo if you�re a lunatic fraud on wall street. Personal Savings at Lowest Point Since 1933-- Great Depression's low. �Fake economic growth report from the administration. Mergers and acquisitions continue to cloud the picture facilitating the fraud. Having beat fraudulent alice-in-wonderland lunatic world of wall street expectations with Record Loss of $12.7 Billion, the rally in Ford�s stock continues..... riiiiight! Fake numbers also a plus. Ford Posts Record Loss of $12.7 Billion.....stock rallies on the news.....riiiiight! P/E ratios far beyond the mean particularly for this stage in the cycle for selected securities (ie., 80+, etc.). Higher oil prices and fake indicators report spark rally.....riiiiight! Report on leading economic indicators is delayed (very unusual unless you understand the greater complexity in fudging same.....not to worry, fans of frauds on wall street.....the lunatic frauds will also get their churn-and-earn commission dollars on the way down).Fed Chairman Bernanke begins to euphemistically discuss reality on capital hill. PAPER: Condo market in DC, Vegas, Miami and Boston has collapsed... Euro displaces dollar in bond markets...13 charged in Wall Street insider trading ring CNN International Higher oil prices and fake numbers spurs rally. More fake job numbers (at best, hamburger helpers, etc.). Foreclosures Rip Neighborhoods in Denver. Yahoo profit falls 61% but rallies 6% on b**l s**t alone. �Insider-Trading Ring Bust in US Fuels Hedge-Fund Concerns. Jawboning by kohn of print-those-worthless-dollars fed raises market.....riiiiight! The ism services index fell, but that was down from an unexpectedly and fake strong read a month earlier, manufacturing index up slightly to 51.4 (they must be counting hamburgers as manufactured goods in u.s......riiiiight!) but fed knows they�ve been printing worthless dollars like mad which of course is hyperinflationary and will come home to roost, along with huge debt/deficits, trade and budget, Stores Report Disappointing Dec. Sales, Gap Woes Deepen in Bleak Holiday Season. Ford and GM auto sales down 13%. More reports in defiance of reality, oil prices up, Dollar Slides...,every intelligent analyst/economist knows that the new home sales number from the government is a total lie that will be revised downward later, that the options scandals are pervasive in fraudulent america (100 investigations just tip of the iceberg), oil stocks continue to rally on lower oil prices, as previously on pipeline explosion in Nigeria, spill in Gulf, and sanctions for Iran, and sharp FALL in oil prices.....riiiiight!.....predictions of disappointing retail sales even with fire-sale discounted prices,..... Highest increase (2%) in 30 years for the wholesale price index, and as well, the core ppi (1.3%), GDP growth less than expected at 2%, dollar sharply lower, oil prices up, building permits down, all unexpectedly bad but great news in the fraudulent alice-in-wonderland lunatic world of wall street. New Record Quarterly Trade Deficit initially spurred lunatic market rally along with obfuscating but very commissionable merger activity. Core inflation a very unexpected unchanged .....riiiiight!.....spurs superstitious, devoid of reality, santa rally.� Investment Banks Post Record 2006 Profit .....daaaaah! Churning and earning on worthless paper, where is that commission dollar coming from even as america has ceded solvency/leadership in every economic measure. Even at the lofty record numbers the indices are worth roughly half their value based on precipitous fall of the dollar in only 5 years with further downside to go. Superstitious �Santa Claus rally�.....riiiiight! High oil price rally.....riiiiight!� Total� bulls**t ! Retail sales up a very unexpected 1%, riiiiight, at the same time inventories of such goods rising substantially (do you think they�re booking sales to �straw men/companies�.....I do!) and oil inventories down. Fake employment numbers (from the government.....riiiiight!) the impetus for previous b.s. rally despite falling sentiment and uptick in unemployment. The ism services index (financed by unsustainable deficit/debt spending and pushing/commissioning worthless paper) and jawboning/bulls**t from the housing industry (the end is near.....riiiiight!), obfuscating mergers continued to cloud the picture, closely-watched core-PCE deflator had risen a more than expected 0.2%, second sub-50 reading on manufacturing activity in as many sessions-the November ISM index unexpectedly fell to 49.5 (consensus 52.0), Chicago PMI fell to its lowest level (49.9%) in October, and below the 50 level, indicating contraction, crude prices up� (OIL PRICES RISE ABOVE $63 A BARREL...), DOLLAR RESUMES SLIDE, Fed Chairman Bernanke & Co. cheerleading/jawboning/bulls**t, 3.2% decline in new home sales, oil inventories down and oil prices up, oil producers shun the dollar, Russia and Opec shift revenues into euros, yen and sterling..., all very bad news anywhere but in the fraudulent alice-in-wonderland world of wall street. Durable goods orders fell sharply, sentiment down, but supposedly used home sales rose slightly (riiiiight.....who says; the realtors/government who have been talking up this bubble market?) albeit at sharply lower prices. DOLLAR PLUNGES TO NEAR 15-YEAR LOW� In other words, no good news to justify the ridiculous up move by the alice-in-wonderland frauds of wall street. Worthless dollar, triple deficits, stock/options scandals/corruption, as some speculate that fed is behind purchases/manipulation (through proxy) of worthless american paper now being shunned by more rational market players abroad.� MARKETS ROCKED BY LONG OVERDUE BUT STILL MODEST RELATIVE TO REALITY SHARP SLIDE IN DOLLAR...There has never been a time since 1929 when stock prices and p/e ratios were so irrationally high for this point in a bull cycle in this indisputable secular bear market, particularly with the existing unprecedented structural economic problems, ie., trade and budget deficits, worthless dollar, scandals, fraud, corruption , etc.. In fact, unemployment unexpectedly rose substantially and consumer sentiment unexpectedly but similarly realistically fell, both very negative exept in the� fraudulent alice-in-wonderland world of wall street. Indeed, the housing bubble bursting with ie., unexpected 14% decline in starts/permits, etc., led to rally in the fraudulent alice-in-wonderland world of wall street. Obfuscating mergers help preclude detection of this massive and pervasive fraud which defies analysis owing to these mergers. New talking pointing: dell numbers exceed expectations depending upon ongoing government scrutiny of their accounting practices.....riiiiight! More contrived manipulated markets and data well as that previous unexpected rise in that global hub of manufacturing activity, New York (worthless paper is their real product, etc.) �..riiiiight!�.. underpins fraudulent up move. Reassuring Fed speak, also known as b**l s**t, along with IPO�s (get the suckers in at the highs as in late 90�s market bubble), and shrugging off pervasive stock/options fraud as at, ie., KB Homes, etc., leave stocks ridiculously higher. Nations leaving the worthless dollar in droves for currencies backed by value and for precious metals. Based on the self-interested statement of typical fraud american and fed rep, we hear once again the wishful thought that housing has bottomed.....right! [Reality/Truth: US housing slump deepens, spreads]. Home depot rallies despite lower than expected results and lower guidance for the year.....right! Who is stupid enough to believe anything the fraudulent criminal americans say. They are printing worthless dollars like mad. Consumer sentiment actually previously fell and there was nothing but wall street lunacy to prop the fraudulent market. The republicans who lockstepped with war criminal dumbya bush deserved to lose. The frauds on wall street now looking for the new corporate welfare program for which to sell the sizzle ie., stem cells, etc.. The know-nothing pundits are now saying the up move without any rational basis is predicated upon the the falsity that gridlock in washington is welcomed and good because no regulation of, ie., fraud on wall street, etc., can be passed. How about a tax on stock trades to come directly from the traders' (traitors/frauds) bottom lines and provide a disincentive for the churn-and-earn fraud which is tantamount to a wasteful tax on the economy. Even token Christian paulison from jew fraud wall street couldn't stem the tide against the blatent zionist/neocon/bush co failure accross the board as the wall street frauds show record profits financed, albeit indirectly, by huge deficits, both trade and budget. Obfuscating mergers blur the picture to provide cover for up move talking points in defiance of reality.� Stagflation and full employment revisions pre-election.....riiiiight. Productivity comes in at a less than expected 0 (inflationary). The only surprise should have been that the number wasn't negative. The pundits are now saying that the market/wall street fraud is in a state of denial regarding economic fundamentals and that the market is substantially overbought, overvalued, overfrauded, over, etc., the manufacturing index coming in lower than expectations. Consumer sentiment unexpectedly fell.....daaaaah. Pre-election core inflation rate report good �..riiiiight�..but savings rate still negative and walmart sales/profits/outlook substantially below expectations but what the heck, they�re wallstreet lunatics/frauds and reality is no problem. Despite pre-election deficit spending, GNP comes in a less than expected paltry 1.6% increase with worthless falling dollar the catch-22 precluding reality avoidance and the worst yet to come. More nations leaving the worthless dollar as reserve currency even as frauds on wall street reach new highs (What are they smoking? Coking? or like the dollar just cracking) based on corporate welfare flows with money the nation doesn't have pre-election (record deficits). Housing prices continue their sharp decline as bubble deflates. GM only lost 115 million. Ford lost 5.8 billion and must restate earnings back to year 2000 is a bullish sign in the fraudulent alice-in-wonderland lunatic world of wall street. Typical pre-fed meeting rally to provide a cushion for any negative pronouncements which reality would require but are seldom forthcoming by the accommodative frauds who have similarly embraced unreality. Indeed, the gutless wimps of wall street think they're "tough" when they fraudulently take the market higher despite a clearly contrary fact based reality. Caterpillar relates the pervasive reality and the frauds on wallstreet intimidate same with sell off, ignoring pervasive options scandal/fraud and rallies Merck despite lower than expectation results.....riiiiight! Election year corporate welfare to prime the pump and the mock stock market with money the nation doesn�t have (increasing already huge deficits). CPI figures (upon which government inflation adjusted payment obligations are based) lower than expected�..riiiiight! Intel earnings/revenues down sharply but according to the lunatic frauds on wall street, beat expectations and stock rallies along with yahoo which as in the pre-dot com bust days says better days are a coming�.. riiiiight Core inflation rate which is closely watched by the Fed exceeds all expectations. Fraud Merrill Lynch has really been pushing and commissioning that worthless paper and reports record earnings, despite having produced nothing and for very little if any value added (that ill-gotten money has to come from somewhere-your pockets?). The big economic report awaiting scrutiny was the monthly trade deficit which was expected to narrow but in fact INCREASED to 69.9 billion. The alice-in-wonderland lunatic wall street frauds rallied on the news as the dollar precipitously fell. The Fed Chairman said there is a "substantial correction" in housing, which will probably shave about 1% off growth in the second half of the year. The Institute of Supply Management said its services index fell to 52.9 in September -- the lowest level since April 2003. Great News�.. riiiiight!..... Consumer Confidence Higher Than Expected... riiiiight!..... and housing starts were down sharply but not-as-bad-as-expectations game in play US Existing Home Sales Fall 0.5% in August; Sales Price Drops Existing-home prices fall for 1st time in 11 years along with fed jaw-boning pre-election that inflation has been licked .....riiiiight �..despite printing worthless dollars like they�re going out of style because they really are! Fed did nothing and stocks rallied, pre-election.....riiiiight! What about the reality of u.s. debt service at a record unsustainable $2 billion per day on a revolving $2 trillion charge account with ie., China, etc.. The fact that foreclosures are up and that there is projected new trade deficit record, fake government inflation numbers for election year purposes, housing starts down 6% means little to the alice-in-wonderland lunatic frauds of wall street and the so-called pundits including yahoo below. Almost all computerized volume is and must be considered heavy, manipulated, economically wasteful volume [stocks move contrary to rational analytical facts (ie., exceeded lowered expectations, things so bad interest rates can�t rise, exceeded expectations, no earnings but outlook extraordinary, the fed says booo as they print more worthless dollars to finance deficits, etc. ) is money in the bank for the frauds on wall street when they unwind said irrational positions ]. Philadelphia Federal Reserve announces that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, leading economic indicators fall .2%, and previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows with b**l s**t from Yahoo (which didn�t even reference the record unanticipated trade gap):

Options Troubles at Apple Remain
AP - Apple Inc., on a tear with its popular iPod players and Macintosh computers, is expected to report strong quarterly results Wednesday but will face lingering worries over the role its iconic CEO played in its stock options backdating troubles.

�� Today�s market close was such a joke, no further commentary is warranted.

US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)

"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006

WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):

The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

(4-23-07) Lunatic frauds on wall street only modestly lower relative to reality, b**l s**t� (including fake economic reports-they lie about everything), higher oil prices, and, ie.,� ignoring reality regarding,� erosion in consumer sentiment and one-year inflation expectations at the highest level in 8 months, rising food and energy costs, Systemic Recession The US is sliding into a long-term economic downturn, ChinaMerica America owned the 20th century, but it won't own the 21^st, Dollar Down, Gold to Soar ...Real Estate Fiz...Recession 2007 ...Catch 22 � Lower interest rates in u.s. would decimate already worthless dollar REALITY COURTESY OF http://www.trendsresearch.com, negative inflation/economic data and continue their backward looking frenzied rally mode despite higher oil prices, unexpected jump in jobless claims, mortgage defaults highest in 37 years, retailers warning that April same-store sales will be weak, and the largest rise in import prices, Citigroup to cut 17000 jobs and earnings down 11% but stock rallies, national mortgage delinquency rate hit an all-time high of 2.87% in Q1, sentiment down, Fed Governor Mishkin saying the current rate of inflation remains too high, and on previous stellar employment report from government ...riiiiight!..., (what about the real $11 TRILLION unfunded social security/medicare unfunded liabilty by acturial/accounting), as previously u.s. auto sector sparks rally...riiiiight!..., despite previously experts acknowledging SEC must crackdown on rampant insider trading on M&A info, both services and manufacturing indices far below expectations, u.s. auto sales down, February existing home sales up but down 8.5% from previous year.....riiiiight!...previously, manufacturing index barely positive and substantially below expectations, producer prices up and above expectations, citing obfuscating mergers, higher oil prices, and a new way to scam the unwary public by unloading their worthless paper on workers through ESOPs, rally into the close building on previous stagflation report of high core rate of inflation, slightly higher spending on lower income, high oil prices and fake upward revision to GDP report (riiiiight! US GDP growth hobbled by stocks of unsold ) still relying on b**l s**t alone, even as Bernanke totally dashes wall street�s previous b.s. story underlying the previous week�s fraudulent up move based on b**l s**t alone and the paper paper chase/commissionable ponzi scheme continues (with borrowed funds) but will unwind/unravel as they always do, Home prices down/worst since '94, defaults up, new home sales unexpectedly down 3.9%.....it�s the weather say the frauds on wall street.....riiiiight!, home inventories up, oil prices up, leading indicators down again, existing home sales unexpectedly up.....right!, even as home inventories up as prices fell, warnings from the tech sector, all no problemo for the frauds on wall street, [fed heads, who�ve been printing worthless dollars like they�re going out of style because they are (so much so that they�ve stopped reporting M3), remove words �additional firming� is excuse for ridiculous mixed close as previously dollar precipitously fell on the news which is catch 22 as same is hyper-inflationary/stagflationary and dollar denominated assets fall in value], home construction unexpectedly up according to government report (riiiiight.....if you believe same.....I don�t) though permits down, lunatic frauds on wall street rally on the news, builder/construction sentiment down again and now below 50% reflecting reality, obfuscating mergers/b.s. to the rescue,� previous CPI (.4), wholesale (1.3 annualized 15.6), and core (.4) inflation rates far exceed expectations as worthless dollar and massive printing thereof and debt come home to roost, unexpected decline on the Philadelphia Fed's manufacturing index/disappointing NY Empire State Index, commissionable ponzi scheme with borrowed (ie., japan, etc.) and suckers� funds continues,� blowout Q1 earnings report from wall street lunatic frauds morgan stanley, goldman sachs (daaaaah!) even as record foreclosure rate and retail sales below expectations, mergers obfuscate dismal picture, retail sales down (they say it�s the weather.....riiiiight.....how about consumer debt at record $2.41 trillion) jobs data from private (as opposed to government) entity below expectations (who would have thunk it!.....riiiiight! But wait; latest government data at expectations and above, revising past data as unemployment rate falls to 4.5%.....and says trade deficit trend changing..... riiiiight!), along with below expectations oil inventories which had spurred oil price rally, while productivity below expectations/wage costs higher and above expectations (very inflationary), no problemo for the lunatic frauds on wall street (what a joke wall street is!) who are maniacal as lunatics suckers short-covering �bear market/higher oil prices/fake economic reports/fed speak rally� (based upon b**l s**t/fake reports even assuming fake growth rate though false, the decline of the fiat currency, the worthless dollar would negate same in real terms) (b.s. contrary to bernanke testimony before congress owing to previous implicit threat of prosecution for false statements)� fueled by b**l s**t alone ridiculously rally into the close to suck the suckers in; ie., as the Dow Jones industrial average down 42.58, S&P down 3.42, and NASDAQ down 2.72, all very commissionable on heavy volume, as in final pre-election result push for bush, which fell very short but has provided the same pump-priming of the market as most recently seen in 1999 which ended quite badly even without the exacerbating effects of huge unsustainable and debilitating debt/deficits deferring/delaying/prolonging the inevitable reality even as entire domestic u.s. industries are rendered what is tantamount to defunct and with corporate welfare unwisely spent (war crimes, etc.). Greenspan Warns of Likely U.S. Recession..... FORECLOSURES AT RECORD PACE, retail sales below expectations. TOP INVESTOR, SOROS' PARTNER, SEES U.S. PROPERTY CRASH 3-16-07 Major Mortgage Lender On Bankruptcy's Doorstep... REIT New Century Financial (NEW 3.21, halted at 0).....Everything is hunky doory says financial propaganda minister/comedian paulson (son of pat paulson?) while Moody�s says at least a 10% correction from fraudulent bubble highs is warranted/appropriate (I believe that to be a modest analytical view). Who would you believe? What do you expect a member of a failed administration to say? What�s changed? Nothing, as the frauds on wall street continue their commissionable ponzi scheme with borrowed (ie., japan, etc.) and suckers� funds.� Real estate experts say the pain/damage will exceed that of prior downturns since the great depression.Bernanke responds to recession prediction with b**l s**t (to his small credit he begrudgingly admits to looming fiscal crisis). Top investor, Soros partner sees property crash: 'You can't believe how bad it's going to get'... Manufacturing activity in u.s. up say fake reports (what, paper/worthless dollars/ securities/packaging for imported goods/parts/components, etc.). �BROKERS AT 'TOP-TIER' FIRMS CHARGED IN INSIDER TRADING SCHEME JUST TIP OF THE ICEBERG. New home sales down 17%.....Durables down over seven percent. Are they going to fudge/falsify the GDP revision? Oil rise on US energy inventory data. Stagflation, fake reports understate fundamental weakness, higher oil prices rally. Housing starts down sharply, as investors, domestic and international, dramatically slow purchase of fiat currency/worthless us/dollar denominated stocks and bonds. Record real estate price slump; industrial production/utilization down. Record home price slump. Retail numbers at best (I don�t believe them for a second) just flat; massive layoffs at Chrysler; more government borrowing to paint false facade. Trade deficit up sharply and new record for all of 2006 - $763 billion (the market last rallied with previous month�s improvement, and rallies with worsening, everything else was typical wall street b**l s**t meaning and based on nothing, ie., m&a, upgrade, etc.). Default rates up again. HSBC Holdings, the world's third largest bank, warned that provisions for bad debt will be some 20% higher than previously thought. SEC launch of insider trading (pervasive on fraudulent wall street) probe just tip of the iceberg. Negative savings rate (highest since great depression), factory output down, home inventories highest since last crash, defaults up, gm and ford sales down 17% and 19%, deficits trade/budget, dollar down and going lower, january jobs data weaker than the consensus estimate and below the average gain of 153,000 per month for all of 2006 and viewed as bearish......but no problemo if you�re a lunatic fraud on wall street. Personal Savings at Lowest Point Since 1933-- Great Depression's low. �Fake economic growth report from the administration. Mergers and acquisitions continue to cloud the picture facilitating the fraud. Having beat fraudulent alice-in-wonderland lunatic world of wall street expectations with Record Loss of $12.7 Billion, the rally in Ford�s stock continues..... riiiiight! Fake numbers also a plus. Ford Posts Record Loss of $12.7 Billion.....stock rallies on the news.....riiiiight! P/E ratios far beyond the mean particularly for this stage in the cycle for selected securities (ie., 80+, etc.). Higher oil prices and fake indicators report spark rally.....riiiiight! Report on leading economic indicators is delayed (very unusual unless you understand the greater complexity in fudging same.....not to worry, fans of frauds on wall street.....the lunatic frauds will also get their churn-and-earn commission dollars on the way down).Fed Chairman Bernanke begins to euphemistically discuss reality on capital hill. PAPER: Condo market in DC, Vegas, Miami and Boston has collapsed... Euro displaces dollar in bond markets...13 charged in Wall Street insider trading ring CNN International Higher oil prices and fake numbers spurs rally. More fake job numbers (at best, hamburger helpers, etc.). Foreclosures Rip Neighborhoods in Denver. Yahoo profit falls 61% but rallies 6% on b**l s**t alone. �Insider-Trading Ring Bust in US Fuels Hedge-Fund Concerns. Jawboning by kohn of print-those-worthless-dollars fed raises market.....riiiiight! The ism services index fell, but that was down from an unexpectedly and fake strong read a month earlier, manufacturing index up slightly to 51.4 (they must be counting hamburgers as manufactured goods in u.s......riiiiight!) but fed knows they�ve been printing worthless dollars like mad which of course is hyperinflationary and will come home to roost, along with huge debt/deficits, trade and budget, Stores Report Disappointing Dec. Sales, Gap Woes Deepen in Bleak Holiday Season. Ford and GM auto sales down 13%. More reports in defiance of reality, oil prices up, Dollar Slides...,every intelligent analyst/economist knows that the new home sales number from the government is a total lie that will be revised downward later, that the options scandals are pervasive in fraudulent america (100 investigations just tip of the iceberg), oil stocks continue to rally on lower oil prices, as previously on pipeline explosion in Nigeria, spill in Gulf, and sanctions for Iran, and sharp FALL in oil prices.....riiiiight!.....predictions of disappointing retail sales even with fire-sale discounted prices,..... Highest increase (2%) in 30 years for the wholesale price index, and as well, the core ppi (1.3%), GDP growth less than expected at 2%, dollar sharply lower, oil prices up, building permits down, all unexpectedly bad but great news in the fraudulent alice-in-wonderland lunatic world of wall street. New Record Quarterly Trade Deficit initially spurred lunatic market rally along with obfuscating but very commissionable merger activity. Core inflation a very unexpected unchanged .....riiiiight!.....spurs superstitious, devoid of reality, santa rally.� Investment Banks Post Record 2006 Profit .....daaaaah! Churning and earning on worthless paper, where is that commission dollar coming from even as america has ceded solvency/leadership in every economic measure. Even at the lofty record numbers the indices are worth roughly half their value based on precipitous fall of the dollar in only 5 years with further downside to go. Superstitious �Santa Claus rally�.....riiiiight! High oil price rally.....riiiiight!� Total� bulls**t ! Retail sales up a very unexpected 1%, riiiiight, at the same time inventories of such goods rising substantially (do you think they�re booking sales to �straw men/companies�.....I do!) and oil inventories down. Fake employment numbers (from the government.....riiiiight!) the impetus for previous b.s. rally despite falling sentiment and uptick in unemployment. The ism services index (financed by unsustainable deficit/debt spending and pushing/commissioning worthless paper) and jawboning/bulls**t from the housing industry (the end is near.....riiiiight!), obfuscating mergers continued to cloud the picture, closely-watched core-PCE deflator had risen a more than expected 0.2%, second sub-50 reading on manufacturing activity in as many sessions-the November ISM index unexpectedly fell to 49.5 (consensus 52.0), Chicago PMI fell to its lowest level (49.9%) in October, and below the 50 level, indicating contraction, crude prices up� (OIL PRICES RISE ABOVE $63 A BARREL...), DOLLAR RESUMES SLIDE, Fed Chairman Bernanke & Co. cheerleading/jawboning/bulls**t, 3.2% decline in new home sales, oil inventories down and oil prices up, oil producers shun the dollar, Russia and Opec shift revenues into euros, yen and sterling..., all very bad news anywhere but in the fraudulent alice-in-wonderland world of wall street. Durable goods orders fell sharply, sentiment down, but supposedly used home sales rose slightly (riiiiight.....who says; the realtors/government who have been talking up this bubble market?) albeit at sharply lower prices. DOLLAR PLUNGES TO NEAR 15-YEAR LOW� In other words, no good news to justify the ridiculous up move by the alice-in-wonderland frauds of wall street. Worthless dollar, triple deficits, stock/options scandals/corruption, as some speculate that fed is behind purchases/manipulation (through proxy) of worthless american paper now being shunned by more rational market players abroad.� MARKETS ROCKED BY LONG OVERDUE BUT STILL MODEST RELATIVE TO REALITY SHARP SLIDE IN DOLLAR...There has never been a time since 1929 when stock prices and p/e ratios were so irrationally high for this point in a bull cycle in this indisputable secular bear market, particularly with the existing unprecedented structural economic problems, ie., trade and budget deficits, worthless dollar, scandals, fraud, corruption , etc.. In fact, unemployment unexpectedly rose substantially and consumer sentiment unexpectedly but similarly realistically fell, both very negative exept in the� fraudulent alice-in-wonderland world of wall street. Indeed, the housing bubble bursting with ie., unexpected 14% decline in starts/permits, etc., led to rally in the fraudulent alice-in-wonderland world of wall street. Obfuscating mergers help preclude detection of this massive and pervasive fraud which defies analysis owing to these mergers. New talking pointing: dell numbers exceed expectations depending upon ongoing government scrutiny of their accounting practices.....riiiiight! More contrived manipulated markets and data well as that previous unexpected rise in that global hub of manufacturing activity, New York (worthless paper is their real product, etc.) �..riiiiight!�.. underpins fraudulent up move. Reassuring Fed speak, also known as b**l s**t, along with IPO�s (get the suckers in at the highs as in late 90�s market bubble), and shrugging off pervasive stock/options fraud as at, ie., KB Homes, etc., leave stocks ridiculously higher. Nations leaving the worthless dollar in droves for currencies backed by value and for precious metals. Based on the self-interested statement of typical fraud american and fed rep, we hear once again the wishful thought that housing has bottomed.....right! [Reality/Truth: US housing slump deepens, spreads]. Home depot rallies despite lower than expected results and lower guidance for the year.....right! Who is stupid enough to believe anything the fraudulent criminal americans say. They are printing worthless dollars like mad. Consumer sentiment actually previously fell and there was nothing but wall street lunacy to prop the fraudulent market. The republicans who lockstepped with war criminal dumbya bush deserved to lose. The frauds on wall street now looking for the new corporate welfare program for which to sell the sizzle ie., stem cells, etc.. The know-nothing pundits are now saying the up move without any rational basis is predicated upon the the falsity that gridlock in washington is welcomed and good because no regulation of, ie., fraud on wall street, etc., can be passed. How about a tax on stock trades to come directly from the traders' (traitors/frauds) bottom lines and provide a disincentive for the churn-and-earn fraud which is tantamount to a wasteful tax on the economy. Even token Christian paulison from jew fraud wall street couldn't stem the tide against the blatent zionist/neocon/bush co failure accross the board as the wall street frauds show record profits financed, albeit indirectly, by huge deficits, both trade and budget. Obfuscating mergers blur the picture to provide cover for up move talking points in defiance of reality.� Stagflation and full employment revisions pre-election.....riiiiight. Productivity comes in at a less than expected 0 (inflationary). The only surprise should have been that the number wasn't negative. The pundits are now saying that the market/wall street fraud is in a state of denial regarding economic fundamentals and that the market is substantially overbought, overvalued, overfrauded, over, etc., the manufacturing index coming in lower than expectations. Consumer sentiment unexpectedly fell.....daaaaah. Pre-election core inflation rate report good �..riiiiight�..but savings rate still negative and walmart sales/profits/outlook substantially below expectations but what the heck, they�re wallstreet lunatics/frauds and reality is no problem. Despite pre-election deficit spending, GNP comes in a less than expected paltry 1.6% increase with worthless falling dollar the catch-22 precluding reality avoidance and the worst yet to come. More nations leaving the worthless dollar as reserve currency even as frauds on wall street reach new highs (What are they smoking? Coking? or like the dollar just cracking) based on corporate welfare flows with money the nation doesn't have pre-election (record deficits). Housing prices continue their sharp decline as bubble deflates. GM only lost 115 million. Ford lost 5.8 billion and must restate earnings back to year 2000 is a bullish sign in the fraudulent alice-in-wonderland lunatic world of wall street. Typical pre-fed meeting rally to provide a cushion for any negative pronouncements which reality would require but are seldom forthcoming by the accommodative frauds who have similarly embraced unreality. Indeed, the gutless wimps of wall street think they're "tough" when they fraudulently take the market higher despite a clearly contrary fact based reality. Caterpillar relates the pervasive reality and the frauds on wallstreet intimidate same with sell off, ignoring pervasive options scandal/fraud and rallies Merck despite lower than expectation results.....riiiiight! Election year corporate welfare to prime the pump and the mock stock market with money the nation doesn�t have (increasing already huge deficits). CPI figures (upon which government inflation adjusted payment obligations are based) lower than expected�..riiiiight! Intel earnings/revenues down sharply but according to the lunatic frauds on wall street, beat expectations and stock rallies along with yahoo which as in the pre-dot com bust days says better days are a coming�.. riiiiight Core inflation rate which is closely watched by the Fed exceeds all expectations. Fraud Merrill Lynch has really been pushing and commissioning that worthless paper and reports record earnings, despite having produced nothing and for very little if any value added (that ill-gotten money has to come from somewhere-your pockets?). The big economic report awaiting scrutiny was the monthly trade deficit which was expected to narrow but in fact INCREASED to 69.9 billion. The alice-in-wonderland lunatic wall street frauds rallied on the news as the dollar precipitously fell. The Fed Chairman said there is a "substantial correction" in housing, which will probably shave about 1% off growth in the second half of the year. The Institute of Supply Management said its services index fell to 52.9 in September -- the lowest level since April 2003. Great News�.. riiiiight!..... Consumer Confidence Higher Than Expected... riiiiight!..... and housing starts were down sharply but not-as-bad-as-expectations game in play US Existing Home Sales Fall 0.5% in August; Sales Price Drops Existing-home prices fall for 1st time in 11 years along with fed jaw-boning pre-election that inflation has been licked .....riiiiight �..despite printing worthless dollars like they�re going out of style because they really are! Fed did nothing and stocks rallied, pre-election.....riiiiight! What about the reality of u.s. debt service at a record unsustainable $2 billion per day on a revolving $2 trillion charge account with ie., China, etc.. The fact that foreclosures are up and that there is projected new trade deficit record, fake government inflation numbers for election year purposes, housing starts down 6% means little to the alice-in-wonderland lunatic frauds of wall street and the so-called pundits including yahoo below. Almost all computerized volume is and must be considered heavy, manipulated, economically wasteful volume [stocks move contrary to rational analytical facts (ie., exceeded lowered expectations, things so bad interest rates can�t rise, exceeded expectations, no earnings but outlook extraordinary, the fed says booo as they print more worthless dollars to finance deficits, etc. ) is money in the bank for the frauds on wall street when they unwind said irrational positions ]. Philadelphia Federal Reserve announces that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, leading economic indicators fall .2%, and previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows with b**l s**t from Yahoo (which didn�t even reference the record unanticipated trade gap):

Toyota Tops GM in 1Q Global Auto Sales
AP - Toyota Motor Corp. became the world's top auto seller in the first three months of the year, passing rival General Motors Corp. for the first time, the Japanese automaker said Tuesday.

� Stocks closed modestly lower Tuesday as a market ripe for a pullback lacked the overwhelming evidence necessary to extend recent market gains. With the Dow closing at record highs over the previous three sessions and garnering its entire 4% year-to-date advance over the last three weeks, it wasn't surprising to see investors take some money off the table. The Dow came within 16 points of hitting the 13,000 milestone earlier in the day, getting a lift from analyst upgrades on IBM (IBM 95.27 +0.69) and Caterpillar (CAT 71.85 +0.03), two of the price-weighted index's most expensive names.However, valuation concerns that prompted analyst downgrades on ExxonMobil (XOM 79.24 -0.52) and Pfizer (PFE 26.35 -0.62), coupled with an afternoon sell-off in fellow Dow component General Motors (GM 30.68 -1.00), pushed the Dow into the red for good. GM's Vice Chairman Bob Lutz said there has been some spillover of the mortgage industry meltdown into the auto business, giving investors another reason to question the sustainability of the market's recent run-up.As if valuations weren't already posing a concern, oil prices surging 2.6% and flirting with $66/bbl acted as an additional headwind for the bulls. Crude for June delivery closed at $65.77/bbl amid potential supply disruptions from Nigeria following its presidential elections over the weekend. Oil's rise did lure investors into energy names; but ExxonMobil's substantial influence on the sector offset gains in everything from Drillers to Refiners.Other news getting overshadowed Monday was another wave of M&A. Barclays PLC (BCS 58.27 -1.73) finally unveiled a proposal to acquire ABN Amro NV (ABN 48.16 -1.13) for $91 bln while AstraZeneca PLC (AZN 56.00 -3.04) said it will buy MedImmune (MEDI 56.57 +8.56) for $15.6 bln. While both deals offered some reassurance that companies remain confident about the business climate, the fact that Friday's rally was fueled in part by anticipation Monday would bring another round of supportive M&A activity, and that both deals had been rumored for weeks, resulted in a muted response from investors. As a reminder, MedImmune said it was exploring strategic alternatives on April 12 while Barclays confirmed talks with ABN Amro over a potential blockbuster merger in March.The absence of leadership from Financials and Technology, which only trailed Telecom as today's worst performing sectors, were among the biggest reasons behind the market taking a breather. Better than expected earnings from both sectors last week were among the catalysts for the market's outperformance.Utilities was the only sector that finished in positive territory; but a 0.7% advance on one of the S&P 500's least influential sectors, and an area defensive in nature no less, merely underscored the hesitation on the part of buyers Monday. BTK +1.5% DJ30 -42.58 DJTA -0.9% DJUA +0.6% DOT -0.1% NASDAQ -2.72 NQ100 +0.2% R2K -0.2% SOX -0.7% SP400 +0.2% SP500 -3.42 XOI +0.1% NASDAQ Dec/Adv/Vol 1766/1294/1.93 bln NYSE Dec/Adv/Vol 1718/1551/1.38 bln

There is nothing to rationally justify the previous up move or mixed results in the market other than what is tantamount to a negative, and based upon spurious data from the government; ie., fake government numbers said total PPI rose a smaller than expected 0.1% (consensus 0.4%) in July, which was well below the 0.5% jump in June, while the more closely watched core rate (ex-food and energy) unexpectedly (RIIIIIGHT!) fell 0.3% (consensus +0.2%) -- the first decline since October and the largest drop since a 0.5% decline in April 2003. Home Sales Decline in 28 States, D.C.. Real estate prices down/stagnant. But housing stocks�..up.....riiiiight!.....in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down.� Martin Crutsinger, AP Economics Writer, previously wrote,� U.S. Trade Deficit Falls 0.3 Percent in June to $64.8B, Offsetting Jump in Chinese Imports. Dell Recall Stems From sony Production Flaw� WASHINGTON (AP) -- America's trade deficit showed a slight improvement as strong global growth pushed U.S. exports to a record level. That helped offset a surge in Chinese imports and record crude oil prices. The deficit declined 0.3 percent in June, compared with May, dropping to $64.8 billion, still the fifth largest imbalance on record, the Commerce Department reported Thursday. The deficit is running at an annual rate of $768 billion through the first six months of this year, putting the country on track to see a fifth straight record imbalance. Last year's deficit was $716.7 billion. Prior considerations remain apposite in this clearly overvalued market. The frauds on wall street feel compelled to continue their tradition/superstition/fraud tactic of buying on the rumor and selling on the news (fact) of the Fed�s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money.� Yahoo previously commented: Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance....., to which I responded, Wild..... I�ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported and will now join gm in worker buyouts; but both GM and Ford will now offer built-in ipods which should substantially help their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Analyst says GM good news now behind it (past/discounted), yet stock still rose upon said analysis �..riiiiight�.. daaaaah! Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal, maybe even suspension, that has cast a harsh light on Silicon Valley's compensation practices. Don�t forget that GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland lunatic world of wall street is of course good news. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid (approx.) 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it�s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very commissionable (investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $65; yes, as in the last crash, they will get fooled again� as stocks up sharply in the fraudulent alice-in-wonderland lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the pundits/analysts are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley (who also says that in Europe bush�s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the �better than expectations� game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. Spotlight on the Stock Option Scandal-The share prices of companies involved in stock options backdating have held up well compared to the broader market. But shareholders might be in for a rougher ride. Plus, why the Nasdaq has its hands full. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived pearl harbor effect)/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/ and the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what�s up is down and what�s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they�ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin� to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don�t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)

"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006

WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):

The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

(4-20-07) Lunatic frauds on wall street rallying on short-covering, b**l s**t� (including fake economic reports-they lie about everything), higher oil prices, and, ie.,� ignoring reality regarding,� erosion in consumer sentiment and one-year inflation expectations at the highest level in 8 months, rising food and energy costs, Systemic Recession The US is sliding into a long-term economic downturn, ChinaMerica America owned the 20th century, but it won't own the 21^st, Dollar Down, Gold to Soar ...Real Estate Fiz...Recession 2007 ...Catch 22 � Lower interest rates in u.s. would decimate already worthless dollar REALITY COURTESY OF http://www.trendsresearch.com, negative inflation/economic data and continue their backward looking frenzied rally mode despite higher oil prices, unexpected jump in jobless claims, mortgage defaults highest in 37 years, retailers warning that April same-store sales will be weak, and the largest rise in import prices, Citigroup to cut 17000 jobs and earnings down 11% but stock rallies, national mortgage delinquency rate hit an all-time high of 2.87% in Q1, sentiment down, Fed Governor Mishkin saying the current rate of inflation remains too high, and on previous stellar employment report from government ...riiiiight!..., (what about the real $11 TRILLION unfunded social security/medicare unfunded liabilty by acturial/accounting), as previously u.s. auto sector sparks rally...riiiiight!..., despite previously experts acknowledging SEC must crackdown on rampant insider trading on M&A info, both services and manufacturing indices far below expectations, u.s. auto sales down, February existing home sales up but down 8.5% from previous year.....riiiiight!...previously, manufacturing index barely positive and substantially below expectations, producer prices up and above expectations, citing obfuscating mergers, higher oil prices, and a new way to scam the unwary public by unloading their worthless paper on workers through ESOPs, rally into the close building on previous stagflation report of high core rate of inflation, slightly higher spending on lower income, high oil prices and fake upward revision to GDP report (riiiiight! US GDP growth hobbled by stocks of unsold ) still relying on b**l s**t alone, even as Bernanke totally dashes wall street�s previous b.s. story underlying the previous week�s fraudulent up move based on b**l s**t alone and the paper paper chase/commissionable ponzi scheme continues (with borrowed funds) but will unwind/unravel as they always do, Home prices down/worst since '94, defaults up, new home sales unexpectedly down 3.9%.....it�s the weather say the frauds on wall street.....riiiiight!, home inventories up, oil prices up, leading indicators down again, existing home sales unexpectedly up.....right!, even as home inventories up as prices fell, warnings from the tech sector, all no problemo for the frauds on wall street, [fed heads, who�ve been printing worthless dollars like they�re going out of style because they are (so much so that they�ve stopped reporting M3), remove words �additional firming� is excuse for ridiculous mixed close as previously dollar precipitously fell on the news which is catch 22 as same is hyper-inflationary/stagflationary and dollar denominated assets fall in value], home construction unexpectedly up according to government report (riiiiight.....if you believe same.....I don�t) though permits down, lunatic frauds on wall street rally on the news, builder/construction sentiment down again and now below 50% reflecting reality, obfuscating mergers/b.s. to the rescue,� previous CPI (.4), wholesale (1.3 annualized 15.6), and core (.4) inflation rates far exceed expectations as worthless dollar and massive printing thereof and debt come home to roost, unexpected decline on the Philadelphia Fed's manufacturing index/disappointing NY Empire State Index, commissionable ponzi scheme with borrowed (ie., japan, etc.) and suckers� funds continues,� blowout Q1 earnings report from wall street lunatic frauds morgan stanley, goldman sachs (daaaaah!) even as record foreclosure rate and retail sales below expectations, mergers obfuscate dismal picture, retail sales down (they say it�s the weather.....riiiiight.....how about consumer debt at record $2.41 trillion) jobs data from private (as opposed to government) entity below expectations (who would have thunk it!.....riiiiight! But wait; latest government data at expectations and above, revising past data as unemployment rate falls to 4.5%.....and says trade deficit trend changing..... riiiiight!), along with below expectations oil inventories which had spurred oil price rally, while productivity below expectations/wage costs higher and above expectations (very inflationary), no problemo for the lunatic frauds on wall street (what a joke wall street is!) who are maniacal as lunatics suckers short-covering �bear market/higher oil prices/fake economic reports/fed speak rally� (based upon b**l s**t/fake reports even assuming fake growth rate though false, the decline of the fiat currency, the worthless dollar would negate same in real terms) (b.s. contrary to bernanke testimony before congress owing to previous implicit threat of prosecution for false statements)� fueled by b**l s**t alone ridiculously rally into the close to suck the suckers in; ie., as the Dow Jones industrial average up 153.35, S&P up 13.62, and NASDAQ up 21.04, all very commissionable on heavy volume, as in final pre-election result push for bush, which fell very short but has provided the same pump-priming of the market as most recently seen in 1999 which ended quite badly even without the exacerbating effects of huge unsustainable and debilitating debt/deficits deferring/delaying/prolonging the inevitable reality even as entire domestic u.s. industries are rendered what is tantamount to defunct and with corporate welfare unwisely spent (war crimes, etc.). Greenspan Warns of Likely U.S. Recession..... FORECLOSURES AT RECORD PACE, retail sales below expectations. TOP INVESTOR, SOROS' PARTNER, SEES U.S. PROPERTY CRASH 3-16-07 Major Mortgage Lender On Bankruptcy's Doorstep... REIT New Century Financial (NEW 3.21, halted at 0).....Everything is hunky doory says financial propaganda minister/comedian paulson (son of pat paulson?) while Moody�s says at least a 10% correction from fraudulent bubble highs is warranted/appropriate (I believe that to be a modest analytical view). Who would you believe? What do you expect a member of a failed administration to say? What�s changed? Nothing, as the frauds on wall street continue their commissionable ponzi scheme with borrowed (ie., japan, etc.) and suckers� funds.� Real estate experts say the pain/damage will exceed that of prior downturns since the great depression.Bernanke responds to recession prediction with b**l s**t (to his small credit he begrudgingly admits to looming fiscal crisis). Top investor, Soros partner sees property crash: 'You can't believe how bad it's going to get'... Manufacturing activity in u.s. up say fake reports (what, paper/worthless dollars/ securities/packaging for imported goods/parts/components, etc.). �BROKERS AT 'TOP-TIER' FIRMS CHARGED IN INSIDER TRADING SCHEME JUST TIP OF THE ICEBERG. New home sales down 17%.....Durables down over seven percent. Are they going to fudge/falsify the GDP revision? Oil rise on US energy inventory data. Stagflation, fake reports understate fundamental weakness, higher oil prices rally. Housing starts down sharply, as investors, domestic and international, dramatically slow purchase of fiat currency/worthless us/dollar denominated stocks and bonds. Record real estate price slump; industrial production/utilization down. Record home price slump. Retail numbers at best (I don�t believe them for a second) just flat; massive layoffs at Chrysler; more government borrowing to paint false facade. Trade deficit up sharply and new record for all of 2006 - $763 billion (the market last rallied with previous month�s improvement, and rallies with worsening, everything else was typical wall street b**l s**t meaning and based on nothing, ie., m&a, upgrade, etc.). Default rates up again. HSBC Holdings, the world's third largest bank, warned that provisions for bad debt will be some 20% higher than previously thought. SEC launch of insider trading (pervasive on fraudulent wall street) probe just tip of the iceberg. Negative savings rate (highest since great depression), factory output down, home inventories highest since last crash, defaults up, gm and ford sales down 17% and 19%, deficits trade/budget, dollar down and going lower, january jobs data weaker than the consensus estimate and below the average gain of 153,000 per month for all of 2006 and viewed as bearish......but no problemo if you�re a lunatic fraud on wall street. Personal Savings at Lowest Point Since 1933-- Great Depression's low. �Fake economic growth report from the administration. Mergers and acquisitions continue to cloud the picture facilitating the fraud. Having beat fraudulent alice-in-wonderland lunatic world of wall street expectations with Record Loss of $12.7 Billion, the rally in Ford�s stock continues..... riiiiight! Fake numbers also a plus. Ford Posts Record Loss of $12.7 Billion.....stock rallies on the news.....riiiiight! P/E ratios far beyond the mean particularly for this stage in the cycle for selected securities (ie., 80+, etc.). Higher oil prices and fake indicators report spark rally.....riiiiight! Report on leading economic indicators is delayed (very unusual unless you understand the greater complexity in fudging same.....not to worry, fans of frauds on wall street.....the lunatic frauds will also get their churn-and-earn commission dollars on the way down).Fed Chairman Bernanke begins to euphemistically discuss reality on capital hill. PAPER: Condo market in DC, Vegas, Miami and Boston has collapsed... Euro displaces dollar in bond markets...13 charged in Wall Street insider trading ring CNN International Higher oil prices and fake numbers spurs rally. More fake job numbers (at best, hamburger helpers, etc.). Foreclosures Rip Neighborhoods in Denver. Yahoo profit falls 61% but rallies 6% on b**l s**t alone. �Insider-Trading Ring Bust in US Fuels Hedge-Fund Concerns. Jawboning by kohn of print-those-worthless-dollars fed raises market.....riiiiight! The ism services index fell, but that was down from an unexpectedly and fake strong read a month earlier, manufacturing index up slightly to 51.4 (they must be counting hamburgers as manufactured goods in u.s......riiiiight!) but fed knows they�ve been printing worthless dollars like mad which of course is hyperinflationary and will come home to roost, along with huge debt/deficits, trade and budget, Stores Report Disappointing Dec. Sales, Gap Woes Deepen in Bleak Holiday Season. Ford and GM auto sales down 13%. More reports in defiance of reality, oil prices up, Dollar Slides...,every intelligent analyst/economist knows that the new home sales number from the government is a total lie that will be revised downward later, that the options scandals are pervasive in fraudulent america (100 investigations just tip of the iceberg), oil stocks continue to rally on lower oil prices, as previously on pipeline explosion in Nigeria, spill in Gulf, and sanctions for Iran, and sharp FALL in oil prices.....riiiiight!.....predictions of disappointing retail sales even with fire-sale discounted prices,..... Highest increase (2%) in 30 years for the wholesale price index, and as well, the core ppi (1.3%), GDP growth less than expected at 2%, dollar sharply lower, oil prices up, building permits down, all unexpectedly bad but great news in the fraudulent alice-in-wonderland lunatic world of wall street. New Record Quarterly Trade Deficit initially spurred lunatic market rally along with obfuscating but very commissionable merger activity. Core inflation a very unexpected unchanged .....riiiiight!.....spurs superstitious, devoid of reality, santa rally.� Investment Banks Post Record 2006 Profit .....daaaaah! Churning and earning on worthless paper, where is that commission dollar coming from even as america has ceded solvency/leadership in every economic measure. Even at the lofty record numbers the indices are worth roughly half their value based on precipitous fall of the dollar in only 5 years with further downside to go. Superstitious �Santa Claus rally�.....riiiiight! High oil price rally.....riiiiight!� Total� bulls**t ! Retail sales up a very unexpected 1%, riiiiight, at the same time inventories of such goods rising substantially (do you think they�re booking sales to �straw men/companies�.....I do!) and oil inventories down. Fake employment numbers (from the government.....riiiiight!) the impetus for previous b.s. rally despite falling sentiment and uptick in unemployment. The ism services index (financed by unsustainable deficit/debt spending and pushing/commissioning worthless paper) and jawboning/bulls**t from the housing industry (the end is near.....riiiiight!), obfuscating mergers continued to cloud the picture, closely-watched core-PCE deflator had risen a more than expected 0.2%, second sub-50 reading on manufacturing activity in as many sessions-the November ISM index unexpectedly fell to 49.5 (consensus 52.0), Chicago PMI fell to its lowest level (49.9%) in October, and below the 50 level, indicating contraction, crude prices up� (OIL PRICES RISE ABOVE $63 A BARREL...), DOLLAR RESUMES SLIDE, Fed Chairman Bernanke & Co. cheerleading/jawboning/bulls**t, 3.2% decline in new home sales, oil inventories down and oil prices up, oil producers shun the dollar, Russia and Opec shift revenues into euros, yen and sterling..., all very bad news anywhere but in the fraudulent alice-in-wonderland world of wall street. Durable goods orders fell sharply, sentiment down, but supposedly used home sales rose slightly (riiiiight.....who says; the realtors/government who have been talking up this bubble market?) albeit at sharply lower prices. DOLLAR PLUNGES TO NEAR 15-YEAR LOW� In other words, no good news to justify the ridiculous up move by the alice-in-wonderland frauds of wall street. Worthless dollar, triple deficits, stock/options scandals/corruption, as some speculate that fed is behind purchases/manipulation (through proxy) of worthless american paper now being shunned by more rational market players abroad.� MARKETS ROCKED BY LONG OVERDUE BUT STILL MODEST RELATIVE TO REALITY SHARP SLIDE IN DOLLAR...There has never been a time since 1929 when stock prices and p/e ratios were so irrationally high for this point in a bull cycle in this indisputable secular bear market, particularly with the existing unprecedented structural economic problems, ie., trade and budget deficits, worthless dollar, scandals, fraud, corruption , etc.. In fact, unemployment unexpectedly rose substantially and consumer sentiment unexpectedly but similarly realistically fell, both very negative exept in the� fraudulent alice-in-wonderland world of wall street. Indeed, the housing bubble bursting with ie., unexpected 14% decline in starts/permits, etc., led to rally in the fraudulent alice-in-wonderland world of wall street. Obfuscating mergers help preclude detection of this massive and pervasive fraud which defies analysis owing to these mergers. New talking pointing: dell numbers exceed expectations depending upon ongoing government scrutiny of their accounting practices.....riiiiight! More contrived manipulated markets and data well as that previous unexpected rise in that global hub of manufacturing activity, New York (worthless paper is their real product, etc.) �..riiiiight!�.. underpins fraudulent up move. Reassuring Fed speak, also known as b**l s**t, along with IPO�s (get the suckers in at the highs as in late 90�s market bubble), and shrugging off pervasive stock/options fraud as at, ie., KB Homes, etc., leave stocks ridiculously higher. Nations leaving the worthless dollar in droves for currencies backed by value and for precious metals. Based on the self-interested statement of typical fraud american and fed rep, we hear once again the wishful thought that housing has bottomed.....right! [Reality/Truth: US housing slump deepens, spreads]. Home depot rallies despite lower than expected results and lower guidance for the year.....right! Who is stupid enough to believe anything the fraudulent criminal americans say. They are printing worthless dollars like mad. Consumer sentiment actually previously fell and there was nothing but wall street lunacy to prop the fraudulent market. The republicans who lockstepped with war criminal dumbya bush deserved to lose. The frauds on wall street now looking for the new corporate welfare program for which to sell the sizzle ie., stem cells, etc.. The know-nothing pundits are now saying the up move without any rational basis is predicated upon the the falsity that gridlock in washington is welcomed and good because no regulation of, ie., fraud on wall street, etc., can be passed. How about a tax on stock trades to come directly from the traders' (traitors/frauds) bottom lines and provide a disincentive for the churn-and-earn fraud which is tantamount to a wasteful tax on the economy. Even token Christian paulison from jew fraud wall street couldn't stem the tide against the blatent zionist/neocon/bush co failure accross the board as the wall street frauds show record profits financed, albeit indirectly, by huge deficits, both trade and budget. Obfuscating mergers blur the picture to provide cover for up move talking points in defiance of reality.� Stagflation and full employment revisions pre-election.....riiiiight. Productivity comes in at a less than expected 0 (inflationary). The only surprise should have been that the number wasn't negative. The pundits are now saying that the market/wall street fraud is in a state of denial regarding economic fundamentals and that the market is substantially overbought, overvalued, overfrauded, over, etc., the manufacturing index coming in lower than expectations. Consumer sentiment unexpectedly fell.....daaaaah. Pre-election core inflation rate report good �..riiiiight�..but savings rate still negative and walmart sales/profits/outlook substantially below expectations but what the heck, they�re wallstreet lunatics/frauds and reality is no problem. Despite pre-election deficit spending, GNP comes in a less than expected paltry 1.6% increase with worthless falling dollar the catch-22 precluding reality avoidance and the worst yet to come. More nations leaving the worthless dollar as reserve currency even as frauds on wall street reach new highs (What are they smoking? Coking? or like the dollar just cracking) based on corporate welfare flows with money the nation doesn't have pre-election (record deficits). Housing prices continue their sharp decline as bubble deflates. GM only lost 115 million. Ford lost 5.8 billion and must restate earnings back to year 2000 is a bullish sign in the fraudulent alice-in-wonderland lunatic world of wall street. Typical pre-fed meeting rally to provide a cushion for any negative pronouncements which reality would require but are seldom forthcoming by the accommodative frauds who have similarly embraced unreality. Indeed, the gutless wimps of wall street think they're "tough" when they fraudulently take the market higher despite a clearly contrary fact based reality. Caterpillar relates the pervasive reality and the frauds on wallstreet intimidate same with sell off, ignoring pervasive options scandal/fraud and rallies Merck despite lower than expectation results.....riiiiight! Election year corporate welfare to prime the pump and the mock stock market with money the nation doesn�t have (increasing already huge deficits). CPI figures (upon which government inflation adjusted payment obligations are based) lower than expected�..riiiiight! Intel earnings/revenues down sharply but according to the lunatic frauds on wall street, beat expectations and stock rallies along with yahoo which as in the pre-dot com bust days says better days are a coming�.. riiiiight Core inflation rate which is closely watched by the Fed exceeds all expectations. Fraud Merrill Lynch has really been pushing and commissioning that worthless paper and reports record earnings, despite having produced nothing and for very little if any value added (that ill-gotten money has to come from somewhere-your pockets?). The big economic report awaiting scrutiny was the monthly trade deficit which was expected to narrow but in fact INCREASED to 69.9 billion. The alice-in-wonderland lunatic wall street frauds rallied on the news as the dollar precipitously fell. The Fed Chairman said there is a "substantial correction" in housing, which will probably shave about 1% off growth in the second half of the year. The Institute of Supply Management said its services index fell to 52.9 in September -- the lowest level since April 2003. Great News�.. riiiiight!..... Consumer Confidence Higher Than Expected... riiiiight!..... and housing starts were down sharply but not-as-bad-as-expectations game in play US Existing Home Sales Fall 0.5% in August; Sales Price Drops Existing-home prices fall for 1st time in 11 years along with fed jaw-boning pre-election that inflation has been licked .....riiiiight �..despite printing worthless dollars like they�re going out of style because they really are! Fed did nothing and stocks rallied, pre-election.....riiiiight! What about the reality of u.s. debt service at a record unsustainable $2 billion per day on a revolving $2 trillion charge account with ie., China, etc.. The fact that foreclosures are up and that there is projected new trade deficit record, fake government inflation numbers for election year purposes, housing starts down 6% means little to the alice-in-wonderland lunatic frauds of wall street and the so-called pundits including yahoo below. Almost all computerized volume is and must be considered heavy, manipulated, economically wasteful volume [stocks move contrary to rational analytical facts (ie., exceeded lowered expectations, things so bad interest rates can�t rise, exceeded expectations, no earnings but outlook extraordinary, the fed says booo as they print more worthless dollars to finance deficits, etc. ) is money in the bank for the frauds on wall street when they unwind said irrational positions ]. Philadelphia Federal Reserve announces that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, leading economic indicators fall .2%, and previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows with b**l s**t from Yahoo (which didn�t even reference the record unanticipated trade gap):

� Stocks charged out of the gate Friday as buyers rallied around another batch of better than expected quarterly results while sellers, expecting a worst-case scenario for the Q1 earnings season, ran for cover. For a third straight day the Dow closed in record territory, just 38 points away from hitting the 13,000 milestone, and finished the week up 2.8%. The S&P 500, whose five-day winning streak was snapped yesterday, turned in the next best performance among the majors, while the Nasdaq, fresh off its third consecutive decline, closed just below a new six-year high. All 10 economic sectors closed higher. With analysts ratcheting their Q1 EPS growth estimates down from almost 9% three months ago to just above 3%, and several influential names being eyed for more clarity about growth prospects, Caterpillar (CAT 71.82 +3.20) was among the day's biggest surprises after handily topping Wall Street expectations and raising its full-year outlook. Fellow Dow component Honeywell (HON 51.40 +2.34) turned in an even stronger performance, soaring 4.8% to a multi-year high after posting a 21% rise in Q1 earnings and then boosting its 2007 guidance as well. Providing additional support for the Industrials sector were transportation stocks, which completely ignored a 2.7% surge in oil prices. The Dow Jones Transportation Average, an economically-sensitive proxy, also closed at an all-time high. Taking full advantage of higher oil prices, though, was Energy. Crude for May delivery, which expired today, surged 2.7% to $ 63.52/bbl amid growing worries that tomorrow's presidential election in Nigeria, one of the biggest sources of U.S. oil imports, may result in possible shipment disruptions. As the day's best performing sector, its biggest boost came from a 3.0% surge in Exxon Mobil (XOM 79.76 +2.30), which reports earnings next week. Schlumberger (SLB 75.03 +0.71) posting a 63% jump in Q1 profits provided some sense that sector estimates are too low. Evidently, surging oil prices didn't completely upset consumers. The Consumer Discretionary sector also provided some notable upside leadership. Auto Parts & Equipment (+5.6%) was the day's best performing S&P industry group as shareholders applauded a 38% jump in Q2 net profits on record sales from Johnson Controls (JCI 102.25 +4.65). Specialty Consulting Services (+3.2%) ranked second among the more than 130 S&P industry groups to post gains. H&R Block (HRB 22.56 +0.73), a suggested holding in our Active Portfolio, reached an agreement to sell its OptionOne subprime mortgage businesss.Further proof that first quarter profit growth won't be as dismal as so many on Wall Street initially feared was also witnessed in Technology, a sector pegged to be a significant contributor to earnings growth this year. Last night, Google (GOOG 482.91 +11.26) beat analysts' estimates for the 10th time in 11 tries since going public with a 69% surge in Q1 profits. Its blowout quarter helped to restore some confidence among tech investors. Above average volume, due in part to options expiration, and the market closing near session highs, set a good tone entering the weekend. Given the slightly negative market breadth over the last three sessions, a decidedly bullish sentiment today was also encouraging. Advancers outpaced decliners on the NYSE by a 3-to-1 margin while those on the Nasdaq held a 2-to-1 edge. BTK +1.1% DJ30 12961.98 DJTA +0.8% DJUA +1.0% DOT +0.6% NASDAQ 2526.39 NQ100 +0.7% R2K +1.2% SOX +0.2% SP400 +1.0% SP500 1484.35 XOI +1.5% NASDAQ Dec/Adv/Vol 944/2076/2.17 bln NYSE Dec/Adv/Vol 729/2517/1.82 bln

There is nothing to rationally justify the previous up move or mixed results in the market other than what is tantamount to a negative, and based upon spurious data from the government; ie., fake government numbers said total PPI rose a smaller than expected 0.1% (consensus 0.4%) in July, which was well below the 0.5% jump in June, while the more closely watched core rate (ex-food and energy) unexpectedly (RIIIIIGHT!) fell 0.3% (consensus +0.2%) -- the first decline since October and the largest drop since a 0.5% decline in April 2003. Home Sales Decline in 28 States, D.C.. Real estate prices down/stagnant. But housing stocks�..up.....riiiiight!.....in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down.� Martin Crutsinger, AP Economics Writer, previously wrote,� U.S. Trade Deficit Falls 0.3 Percent in June to $64.8B, Offsetting Jump in Chinese Imports. Dell Recall Stems From sony Production Flaw� WASHINGTON (AP) -- America's trade deficit showed a slight improvement as strong global growth pushed U.S. exports to a record level. That helped offset a surge in Chinese imports and record crude oil prices. The deficit declined 0.3 percent in June, compared with May, dropping to $64.8 billion, still the fifth largest imbalance on record, the Commerce Department reported Thursday. The deficit is running at an annual rate of $768 billion through the first six months of this year, putting the country on track to see a fifth straight record imbalance. Last year's deficit was $716.7 billion. Prior considerations remain apposite in this clearly overvalued market. The frauds on wall street feel compelled to continue their tradition/superstition/fraud tactic of buying on the rumor and selling on the news (fact) of the Fed�s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money.� Yahoo previously commented: Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance....., to which I responded, Wild..... I�ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported and will now join gm in worker buyouts; but both GM and Ford will now offer built-in ipods which should substantially help their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Analyst says GM good news now behind it (past/discounted), yet stock still rose upon said analysis �..riiiiight�.. daaaaah! Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal, maybe even suspension, that has cast a harsh light on Silicon Valley's compensation practices. Don�t forget that GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland lunatic world of wall street is of course good news. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid (approx.) 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it�s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very commissionable (investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $63; yes, as in the last crash, they will get fooled again� as stocks up sharply in the fraudulent alice-in-wonderland lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the pundits/analysts are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley (who also says that in Europe bush�s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the �better than expectations� game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. Spotlight on the Stock Option Scandal-The share prices of companies involved in stock options backdating have held up well compared to the broader market. But shareholders might be in for a rougher ride. Plus, why the Nasdaq has its hands full. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived pearl harbor effect)/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/ and the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what�s up is down and what�s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they�ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin� to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don�t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)

"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006

WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):

The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

(4-19-07) What a joke the lunatic frauds on wall street are by rallying on b**l s**t alone (including fake economic reports-they lie about everything), and, ie.,� ignoring reality regarding,� erosion in consumer sentiment and one-year inflation expectations at the highest level in 8 months, rising food and energy costs, Systemic Recession The US is sliding into a long-term economic downturn, ChinaMerica America owned the 20th century, but it won't own the 21^st, Dollar Down, Gold to Soar ...Real Estate Fiz...Recession 2007 ...Catch 22 � Lower interest rates in u.s. would decimate already worthless dollar REALITY COURTESY OF http://www.trendsresearch.com, negative inflation/economic data and continue their backward looking frenzied rally mode despite higher oil prices, unexpected jump in jobless claims, mortgage defaults highest in 37 years, retailers warning that April same-store sales will be weak, and the largest rise in import prices, Citigroup to cut 17000 jobs and earnings down 11% but stock rallies, national mortgage delinquency rate hit an all-time high of 2.87% in Q1, sentiment down, Fed Governor Mishkin saying the current rate of inflation remains too high, and on previous stellar employment report from government ...riiiiight!..., (what about the real $11 TRILLION unfunded social security/medicare unfunded liabilty by acturial/accounting), as previously u.s. auto sector sparks rally...riiiiight!..., despite previously experts acknowledging SEC must crackdown on rampant insider trading on M&A info, both services and manufacturing indices far below expectations, u.s. auto sales down, February existing home sales up but down 8.5% from previous year.....riiiiight!...previously, manufacturing index barely positive and substantially below expectations, producer prices up and above expectations, citing obfuscating mergers, higher oil prices, and a new way to scam the unwary public by unloading their worthless paper on workers through ESOPs, rally into the close building on previous stagflation report of high core rate of inflation, slightly higher spending on lower income, high oil prices and fake upward revision to GDP report (riiiiight! US GDP growth hobbled by stocks of unsold ) still relying on b**l s**t alone, even as Bernanke totally dashes wall street�s previous b.s. story underlying the previous week�s fraudulent up move based on b**l s**t alone and the paper paper chase/commissionable ponzi scheme continues (with borrowed funds) but will unwind/unravel as they always do, Home prices down/worst since '94, defaults up, new home sales unexpectedly down 3.9%.....it�s the weather say the frauds on wall street.....riiiiight!, home inventories up, oil prices up, leading indicators down again, existing home sales unexpectedly up.....right!, even as home inventories up as prices fell, warnings from the tech sector, all no problemo for the frauds on wall street, [fed heads, who�ve been printing worthless dollars like they�re going out of style because they are (so much so that they�ve stopped reporting M3), remove words �additional firming� is excuse for ridiculous mixed close as previously dollar precipitously fell on the news which is catch 22 as same is hyper-inflationary/stagflationary and dollar denominated assets fall in value], home construction unexpectedly up according to government report (riiiiight.....if you believe same.....I don�t) though permits down, lunatic frauds on wall street rally on the news, builder/construction sentiment down again and now below 50% reflecting reality, obfuscating mergers/b.s. to the rescue,� previous CPI (.4), wholesale (1.3 annualized 15.6), and core (.4) inflation rates far exceed expectations as worthless dollar and massive printing thereof and debt come home to roost, unexpected decline on the Philadelphia Fed's manufacturing index/disappointing NY Empire State Index, commissionable ponzi scheme with borrowed (ie., japan, etc.) and suckers� funds continues,� blowout Q1 earnings report from wall street lunatic frauds morgan stanley, goldman sachs (daaaaah!) even as record foreclosure rate and retail sales below expectations, mergers obfuscate dismal picture, retail sales down (they say it�s the weather.....riiiiight.....how about consumer debt at record $2.41 trillion) jobs data from private (as opposed to government) entity below expectations (who would have thunk it!.....riiiiight! But wait; latest government data at expectations and above, revising past data as unemployment rate falls to 4.5%.....and says trade deficit trend changing..... riiiiight!), along with below expectations oil inventories which had spurred oil price rally, while productivity below expectations/wage costs higher and above expectations (very inflationary), no problemo for the lunatic frauds on wall street (what a joke wall street is!) who are maniacal as lunatics suckers short-covering �bear market/higher oil prices/fake economic reports/fed speak rally� (based upon b**l s**t/fake reports even assuming fake growth rate though false, the decline of the fiat currency, the worthless dollar would negate same in real terms) (b.s. contrary to bernanke testimony before congress owing to previous implicit threat of prosecution for false statements)� fueled by b**l s**t alone ridiculously rally into the close to suck the suckers in; ie., as the Dow Jones industrial average up 5, S&P down 2, and NASDAQ down 5, all very commissionable on heavy volume, as in final pre-election result push for bush, which fell very short but has provided the same pump-priming of the market as most recently seen in 1999 which ended quite badly even without the exacerbating effects of huge unsustainable and debilitating debt/deficits deferring/delaying/prolonging the inevitable reality even as entire domestic u.s. industries are rendered what is tantamount to defunct and with corporate welfare unwisely spent (war crimes, etc.). Greenspan Warns of Likely U.S. Recession..... FORECLOSURES AT RECORD PACE, retail sales below expectations. TOP INVESTOR, SOROS' PARTNER, SEES U.S. PROPERTY CRASH 3-16-07 Major Mortgage Lender On Bankruptcy's Doorstep... REIT New Century Financial (NEW 3.21, halted at 0).....Everything is hunky doory says financial propaganda minister/comedian paulson (son of pat paulson?) while Moody�s says at least a 10% correction from fraudulent bubble highs is warranted/appropriate (I believe that to be a modest analytical view). Who would you believe? What do you expect a member of a failed administration to say? What�s changed? Nothing, as the frauds on wall street continue their commissionable ponzi scheme with borrowed (ie., japan, etc.) and suckers� funds.� Real estate experts say the pain/damage will exceed that of prior downturns since the great depression.Bernanke responds to recession prediction with b**l s**t (to his small credit he begrudgingly admits to looming fiscal crisis). Top investor, Soros partner sees property crash: 'You can't believe how bad it's going to get'... Manufacturing activity in u.s. up say fake reports (what, paper/worthless dollars/ securities/packaging for imported goods/parts/components, etc.). �BROKERS AT 'TOP-TIER' FIRMS CHARGED IN INSIDER TRADING SCHEME JUST TIP OF THE ICEBERG. New home sales down 17%.....Durables down over seven percent. Are they going to fudge/falsify the GDP revision? Oil rise on US energy inventory data. Stagflation, fake reports understate fundamental weakness, higher oil prices rally. Housing starts down sharply, as investors, domestic and international, dramatically slow purchase of fiat currency/worthless us/dollar denominated stocks and bonds. Record real estate price slump; industrial production/utilization down. Record home price slump. Retail numbers at best (I don�t believe them for a second) just flat; massive layoffs at Chrysler; more government borrowing to paint false facade. Trade deficit up sharply and new record for all of 2006 - $763 billion (the market last rallied with previous month�s improvement, and rallies with worsening, everything else was typical wall street b**l s**t meaning and based on nothing, ie., m&a, upgrade, etc.). Default rates up again. HSBC Holdings, the world's third largest bank, warned that provisions for bad debt will be some 20% higher than previously thought. SEC launch of insider trading (pervasive on fraudulent wall street) probe just tip of the iceberg. Negative savings rate (highest since great depression), factory output down, home inventories highest since last crash, defaults up, gm and ford sales down 17% and 19%, deficits trade/budget, dollar down and going lower, january jobs data weaker than the consensus estimate and below the average gain of 153,000 per month for all of 2006 and viewed as bearish......but no problemo if you�re a lunatic fraud on wall street. Personal Savings at Lowest Point Since 1933-- Great Depression's low. �Fake economic growth report from the administration. Mergers and acquisitions continue to cloud the picture facilitating the fraud. Having beat fraudulent alice-in-wonderland lunatic world of wall street expectations with Record Loss of $12.7 Billion, the rally in Ford�s stock continues..... riiiiight! Fake numbers also a plus. Ford Posts Record Loss of $12.7 Billion.....stock rallies on the news.....riiiiight! P/E ratios far beyond the mean particularly for this stage in the cycle for selected securities (ie., 80+, etc.). Higher oil prices and fake indicators report spark rally.....riiiiight! Report on leading economic indicators is delayed (very unusual unless you understand the greater complexity in fudging same.....not to worry, fans of frauds on wall street.....the lunatic frauds will also get their churn-and-earn commission dollars on the way down).Fed Chairman Bernanke begins to euphemistically discuss reality on capital hill. PAPER: Condo market in DC, Vegas, Miami and Boston has collapsed... Euro displaces dollar in bond markets...13 charged in Wall Street insider trading ring CNN International Higher oil prices and fake numbers spurs rally. More fake job numbers (at best, hamburger helpers, etc.). Foreclosures Rip Neighborhoods in Denver. Yahoo profit falls 61% but rallies 6% on b**l s**t alone. �Insider-Trading Ring Bust in US Fuels Hedge-Fund Concerns. Jawboning by kohn of print-those-worthless-dollars fed raises market.....riiiiight! The ism services index fell, but that was down from an unexpectedly and fake strong read a month earlier, manufacturing index up slightly to 51.4 (they must be counting hamburgers as manufactured goods in u.s......riiiiight!) but fed knows they�ve been printing worthless dollars like mad which of course is hyperinflationary and will come home to roost, along with huge debt/deficits, trade and budget, Stores Report Disappointing Dec. Sales, Gap Woes Deepen in Bleak Holiday Season. Ford and GM auto sales down 13%. More reports in defiance of reality, oil prices up, Dollar Slides...,every intelligent analyst/economist knows that the new home sales number from the government is a total lie that will be revised downward later, that the options scandals are pervasive in fraudulent america (100 investigations just tip of the iceberg), oil stocks continue to rally on lower oil prices, as previously on pipeline explosion in Nigeria, spill in Gulf, and sanctions for Iran, and sharp FALL in oil prices.....riiiiight!.....predictions of disappointing retail sales even with fire-sale discounted prices,..... Highest increase (2%) in 30 years for the wholesale price index, and as well, the core ppi (1.3%), GDP growth less than expected at 2%, dollar sharply lower, oil prices up, building permits down, all unexpectedly bad but great news in the fraudulent alice-in-wonderland lunatic world of wall street. New Record Quarterly Trade Deficit initially spurred lunatic market rally along with obfuscating but very commissionable merger activity. Core inflation a very unexpected unchanged .....riiiiight!.....spurs superstitious, devoid of reality, santa rally.� Investment Banks Post Record 2006 Profit .....daaaaah! Churning and earning on worthless paper, where is that commission dollar coming from even as america has ceded solvency/leadership in every economic measure. Even at the lofty record numbers the indices are worth roughly half their value based on precipitous fall of the dollar in only 5 years with further downside to go. Superstitious �Santa Claus rally�.....riiiiight! High oil price rally.....riiiiight!� Total� bulls**t ! Retail sales up a very unexpected 1%, riiiiight, at the same time inventories of such goods rising substantially (do you think they�re booking sales to �straw men/companies�.....I do!) and oil inventories down. Fake employment numbers (from the government.....riiiiight!) the impetus for previous b.s. rally despite falling sentiment and uptick in unemployment. The ism services index (financed by unsustainable deficit/debt spending and pushing/commissioning worthless paper) and jawboning/bulls**t from the housing industry (the end is near.....riiiiight!), obfuscating mergers continued to cloud the picture, closely-watched core-PCE deflator had risen a more than expected 0.2%, second sub-50 reading on manufacturing activity in as many sessions-the November ISM index unexpectedly fell to 49.5 (consensus 52.0), Chicago PMI fell to its lowest level (49.9%) in October, and below the 50 level, indicating contraction, crude prices up� (OIL PRICES RISE ABOVE $63 A BARREL...), DOLLAR RESUMES SLIDE, Fed Chairman Bernanke & Co. cheerleading/jawboning/bulls**t, 3.2% decline in new home sales, oil inventories down and oil prices up, oil producers shun the dollar, Russia and Opec shift revenues into euros, yen and sterling..., all very bad news anywhere but in the fraudulent alice-in-wonderland world of wall street. Durable goods orders fell sharply, sentiment down, but supposedly used home sales rose slightly (riiiiight.....who says; the realtors/government who have been talking up this bubble market?) albeit at sharply lower prices. DOLLAR PLUNGES TO NEAR 15-YEAR LOW� In other words, no good news to justify the ridiculous up move by the alice-in-wonderland frauds of wall street. Worthless dollar, triple deficits, stock/options scandals/corruption, as some speculate that fed is behind purchases/manipulation (through proxy) of worthless american paper now being shunned by more rational market players abroad.� MARKETS ROCKED BY LONG OVERDUE BUT STILL MODEST RELATIVE TO REALITY SHARP SLIDE IN DOLLAR...There has never been a time since 1929 when stock prices and p/e ratios were so irrationally high for this point in a bull cycle in this indisputable secular bear market, particularly with the existing unprecedented structural economic problems, ie., trade and budget deficits, worthless dollar, scandals, fraud, corruption , etc.. In fact, unemployment unexpectedly rose substantially and consumer sentiment unexpectedly but similarly realistically fell, both very negative exept in the� fraudulent alice-in-wonderland world of wall street. Indeed, the housing bubble bursting with ie., unexpected 14% decline in starts/permits, etc., led to rally in the fraudulent alice-in-wonderland world of wall street. Obfuscating mergers help preclude detection of this massive and pervasive fraud which defies analysis owing to these mergers. New talking pointing: dell numbers exceed expectations depending upon ongoing government scrutiny of their accounting practices.....riiiiight! More contrived manipulated markets and data well as that previous unexpected rise in that global hub of manufacturing activity, New York (worthless paper is their real product, etc.) �..riiiiight!�.. underpins fraudulent up move. Reassuring Fed speak, also known as b**l s**t, along with IPO�s (get the suckers in at the highs as in late 90�s market bubble), and shrugging off pervasive stock/options fraud as at, ie., KB Homes, etc., leave stocks ridiculously higher. Nations leaving the worthless dollar in droves for currencies backed by value and for precious metals. Based on the self-interested statement of typical fraud american and fed rep, we hear once again the wishful thought that housing has bottomed.....right! [Reality/Truth: US housing slump deepens, spreads]. Home depot rallies despite lower than expected results and lower guidance for the year.....right! Who is stupid enough to believe anything the fraudulent criminal americans say. They are printing worthless dollars like mad. Consumer sentiment actually previously fell and there was nothing but wall street lunacy to prop the fraudulent market. The republicans who lockstepped with war criminal dumbya bush deserved to lose. The frauds on wall street now looking for the new corporate welfare program for which to sell the sizzle ie., stem cells, etc.. The know-nothing pundits are now saying the up move without any rational basis is predicated upon the the falsity that gridlock in washington is welcomed and good because no regulation of, ie., fraud on wall street, etc., can be passed. How about a tax on stock trades to come directly from the traders' (traitors/frauds) bottom lines and provide a disincentive for the churn-and-earn fraud which is tantamount to a wasteful tax on the economy. Even token Christian paulison from jew fraud wall street couldn't stem the tide against the blatent zionist/neocon/bush co failure accross the board as the wall street frauds show record profits financed, albeit indirectly, by huge deficits, both trade and budget. Obfuscating mergers blur the picture to provide cover for up move talking points in defiance of reality.� Stagflation and full employment revisions pre-election.....riiiiight. Productivity comes in at a less than expected 0 (inflationary). The only surprise should have been that the number wasn't negative. The pundits are now saying that the market/wall street fraud is in a state of denial regarding economic fundamentals and that the market is substantially overbought, overvalued, overfrauded, over, etc., the manufacturing index coming in lower than expectations. Consumer sentiment unexpectedly fell.....daaaaah. Pre-election core inflation rate report good �..riiiiight�..but savings rate still negative and walmart sales/profits/outlook substantially below expectations but what the heck, they�re wallstreet lunatics/frauds and reality is no problem. Despite pre-election deficit spending, GNP comes in a less than expected paltry 1.6% increase with worthless falling dollar the catch-22 precluding reality avoidance and the worst yet to come. More nations leaving the worthless dollar as reserve currency even as frauds on wall street reach new highs (What are they smoking? Coking? or like the dollar just cracking) based on corporate welfare flows with money the nation doesn't have pre-election (record deficits). Housing prices continue their sharp decline as bubble deflates. GM only lost 115 million. Ford lost 5.8 billion and must restate earnings back to year 2000 is a bullish sign in the fraudulent alice-in-wonderland lunatic world of wall street. Typical pre-fed meeting rally to provide a cushion for any negative pronouncements which reality would require but are seldom forthcoming by the accommodative frauds who have similarly embraced unreality. Indeed, the gutless wimps of wall street think they're "tough" when they fraudulently take the market higher despite a clearly contrary fact based reality. Caterpillar relates the pervasive reality and the frauds on wallstreet intimidate same with sell off, ignoring pervasive options scandal/fraud and rallies Merck despite lower than expectation results.....riiiiight! Election year corporate welfare to prime the pump and the mock stock market with money the nation doesn�t have (increasing already huge deficits). CPI figures (upon which government inflation adjusted payment obligations are based) lower than expected�..riiiiight! Intel earnings/revenues down sharply but according to the lunatic frauds on wall street, beat expectations and stock rallies along with yahoo which as in the pre-dot com bust days says better days are a coming�.. riiiiight Core inflation rate which is closely watched by the Fed exceeds all expectations. Fraud Merrill Lynch has really been pushing and commissioning that worthless paper and reports record earnings, despite having produced nothing and for very little if any value added (that ill-gotten money has to come from somewhere-your pockets?). The big economic report awaiting scrutiny was the monthly trade deficit which was expected to narrow but in fact INCREASED to 69.9 billion. The alice-in-wonderland lunatic wall street frauds rallied on the news as the dollar precipitously fell. The Fed Chairman said there is a "substantial correction" in housing, which will probably shave about 1% off growth in the second half of the year. The Institute of Supply Management said its services index fell to 52.9 in September -- the lowest level since April 2003. Great News�.. riiiiight!..... Consumer Confidence Higher Than Expected... riiiiight!..... and housing starts were down sharply but not-as-bad-as-expectations game in play US Existing Home Sales Fall 0.5% in August; Sales Price Drops Existing-home prices fall for 1st time in 11 years along with fed jaw-boning pre-election that inflation has been licked .....riiiiight �..despite printing worthless dollars like they�re going out of style because they really are! Fed did nothing and stocks rallied, pre-election.....riiiiight! What about the reality of u.s. debt service at a record unsustainable $2 billion per day on a revolving $2 trillion charge account with ie., China, etc.. The fact that foreclosures are up and that there is projected new trade deficit record, fake government inflation numbers for election year purposes, housing starts down 6% means little to the alice-in-wonderland lunatic frauds of wall street and the so-called pundits including yahoo below. Almost all computerized volume is and must be considered heavy, manipulated, economically wasteful volume [stocks move contrary to rational analytical facts (ie., exceeded lowered expectations, things so bad interest rates can�t rise, exceeded expectations, no earnings but outlook extraordinary, the fed says booo as they print more worthless dollars to finance deficits, etc. ) is money in the bank for the frauds on wall street when they unwind said irrational positions ]. Philadelphia Federal Reserve announces that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, leading economic indicators fall .2%, and previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows with b**l s**t from Yahoo (which didn�t even reference the record unanticipated trade gap):

Nacchio Convicted of 19 of 42 Charges
AP - Joe Nacchio, a former AT&T executive tapped to transform Qwest Communications into a major telecommunications competitor, was convicted Thursday of 19 of 42 insider trading charges after one-time top executives described his relentless drive to meet revenue projections without revealing financial risks.

� With conviction on the part of buyers lagging all day and the Dow closing in record territory a day earlier, it wasn't surprising to see the blue-chip index take a bit of a breather Thursday. Be that as it may, the blue-chip index still eked out enough of a gain to extend its winning streak to six and close at another new all-time high. The major averages finished mixed for a third straight session as the tech-heavy Nasdaq languished again as investors remained cautious ahead of more key earnings reports.It is worth noting, though, that things could have been a lot worse, given the decidedly bearish tone coming into today's trading. Before the bell, the market had all of the makings for round two, albeit a much less dramatic sequel, of the Shanghai sell-off that triggered widespread panic on February 27. Higher than expected GDP and CPI reports from China initially renewed concerns about the Chinese government stepping up its efforts to curb speculative buying interest with a possible rate hike.The news roiled overseas markets as Japan's Nikkei 225 fell 1.7%, Hong Kong's Hang Seng Index plunged 2.3% and the once unknown Shanghai stock exchange tumbled 4.5%. Fortunately for the bulls, fears of a possible unwinding in the yen carry trade and resurgence in risk aversion, similar to that exhibited throughout the month of March in the aftermath of the Asian contagion, continued to subside as the day wore on. The European bourses as well as the major U.S. averages posted only fractional declines.From a leadership standpoint, six of 10 sectors posted losses. Energy (-1.0%) paced the way lower as a 2.1% drop in oil prices diminished the desire to own the likes of explorers and refiners. Crude for May delivery, which expires tomorrow, closed near $61.80/bbl following reports that Enbridge resumed shipments through a previously shutdown pipeline from Canada, last year's biggest source of U.S. crude-oil imports.Evidently lower oil prices did little to excite consumers as the Discretionary turned in the day's second worst performance. Everything from retailers to autos to cable companies were weak, but hotels were the sector's biggest disappointment after Marriott International (MAR 48.12 -3.75) issued disappointing RevPAR guidance.With Google's (GOOG 471.27 -4.74) earnings out after the close, and rival Yahoo! (YHOO 27.50 -0.80) shocking Wall Street yesterday with its disappointing Q1 report, Technology was in focus again Thursday. Yahoo! tacked a nearly 3% decline onto yesterday's 11% drubbing while eBay (EBAY 33.16 -1.29) also weighed heavily on the Internet Services group. A suggested holding in the Briefing.com Active Portfolio, eBay posted a 52% rise in Q1 profits and raised its full-year earnings and revenue forecasts; but with expectations running high ahead of its report last night, investors were tempted to lock in some of its 15% year-to-date advance. One bright spot for tech was Intel (INTC 21.81 +0.46), another suggested holding which surged 2.2% after being upgraded. Intel was an integral reason the Dow hit a new record again and why the tech sector's decline was minimal.On the positive side of things, Health Care was the day's standout, with the bulk of sector support coming from Biotech (+3.4%), today's best performing S&P industry group. Amgen (AMGN 62.32 +2.31) staged a relief rally following upbeat results from a study regarding its blockbuster Aranesp drug while investors also applauded an upbeat Q1 report from Gilead Sciences (GILD 81.67 +3.24). BTK +0.7% DJ30 +4.79 DJTA +0.7% DJUA -0.4% DOT -0.6% NASDAQ -5.15 R2K -0.8% SOX +0.5% SP400 -0.4% SP500 -1.77 XOI -0.8% NASDAQ Dec/Adv/Vol 1988/1023/2.04 bln NYSE Dec/Adv/Vol 2122/1117/1.48 bln

There is nothing to rationally justify the previous up move or mixed results in the market other than what is tantamount to a negative, and based upon spurious data from the government; ie., fake government numbers said total PPI rose a smaller than expected 0.1% (consensus 0.4%) in July, which was well below the 0.5% jump in June, while the more closely watched core rate (ex-food and energy) unexpectedly (RIIIIIGHT!) fell 0.3% (consensus +0.2%) -- the first decline since October and the largest drop since a 0.5% decline in April 2003. Home Sales Decline in 28 States, D.C.. Real estate prices down/stagnant. But housing stocks�..up.....riiiiight!.....in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down.� Martin Crutsinger, AP Economics Writer, previously wrote,� U.S. Trade Deficit Falls 0.3 Percent in June to $64.8B, Offsetting Jump in Chinese Imports. Dell Recall Stems From sony Production Flaw� WASHINGTON (AP) -- America's trade deficit showed a slight improvement as strong global growth pushed U.S. exports to a record level. That helped offset a surge in Chinese imports and record crude oil prices. The deficit declined 0.3 percent in June, compared with May, dropping to $64.8 billion, still the fifth largest imbalance on record, the Commerce Department reported Thursday. The deficit is running at an annual rate of $768 billion through the first six months of this year, putting the country on track to see a fifth straight record imbalance. Last year's deficit was $716.7 billion. Prior considerations remain apposite in this clearly overvalued market. The frauds on wall street feel compelled to continue their tradition/superstition/fraud tactic of buying on the rumor and selling on the news (fact) of the Fed�s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money.� Yahoo previously commented: Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance....., to which I responded, Wild..... I�ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported and will now join gm in worker buyouts; but both GM and Ford will now offer built-in ipods which should substantially help their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Analyst says GM good news now behind it (past/discounted), yet stock still rose upon said analysis �..riiiiight�.. daaaaah! Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal, maybe even suspension, that has cast a harsh light on Silicon Valley's compensation practices. Don�t forget that GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland lunatic world of wall street is of course good news. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid (approx.) 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it�s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very commissionable (investment bankers/brokers), and historically have more often than not ended qui3e badly; oil prices now above $61; yes, as in the last crash, they will get fooled again� as stocks up sharply in the fraudulent alice-in-wonderland lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the pundits/analysts are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley (who also says that in Europe bush�s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the �better than expectations� game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. Spotlight on the Stock Option Scandal-The share prices of companies involved in stock options backdating have held up well compared to the broader market. But shareholders might be in for a rougher ride. Plus, why the Nasdaq has its hands full. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived pearl harbor effect)/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/ and the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what�s up is down and what�s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they�ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin� to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don�t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)

"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006

WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):

The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

(4-18-07) New Moon and what a joke the lunatic frauds on wall street are by rallying on b**l s**t alone, and, ie.,� ignoring reality regarding,� erosion in consumer sentiment and one-year inflation expectations at the highest level in 8 months, rising food and energy costs, Systemic Recession The US is sliding into a long-term economic downturn, ChinaMerica America owned the 20th century, but it won't own the 21^st, Dollar Down, Gold to Soar ...Real Estate Fiz...Recession 2007 ...Catch 22 � Lower interest rates in u.s. would decimate already worthless dollar REALITY COURTESY OF http://www.trendsresearch.com, negative inflation/economic data and continue their backward looking frenzied rally mode despite higher oil prices, unexpected jump in jobless claims, mortgage defaults highest in 37 years, retailers warning that April same-store sales will be weak, and the largest rise in import prices, Citigroup to cut 17000 jobs and earnings down 11% but stock rallies, national mortgage delinquency rate hit an all-time high of 2.87% in Q1, sentiment down, Fed Governor Mishkin saying the current rate of inflation remains too high, and on previous stellar employment report from government ...riiiiight!..., (what about the real $11 TRILLION unfunded social security/medicare unfunded liabilty by acturial/accounting), as previously u.s. auto sector sparks rally...riiiiight!..., despite previously experts acknowledging SEC must crackdown on rampant insider trading on M&A info, both services and manufacturing indices far below expectations, u.s. auto sales down, February existing home sales up but down 8.5% from previous year.....riiiiight!...previously, manufacturing index barely positive and substantially below expectations, producer prices up and above expectations, citing obfuscating mergers, higher oil prices, and a new way to scam the unwary public by unloading their worthless paper on workers through ESOPs, rally into the close building on previous stagflation report of high core rate of inflation, slightly higher spending on lower income, high oil prices and fake upward revision to GDP report (riiiiight! US GDP growth hobbled by stocks of unsold ) still relying on b**l s**t alone, even as Bernanke totally dashes wall street�s previous b.s. story underlying the previous week�s fraudulent up move based on b**l s**t alone and the paper paper chase/commissionable ponzi scheme continues (with borrowed funds) but will unwind/unravel as they always do, Home prices down/worst since '94, defaults up, new home sales unexpectedly down 3.9%.....it�s the weather say the frauds on wall street.....riiiiight!, home inventories up, oil prices up, leading indicators down again, existing home sales unexpectedly up.....right!, even as home inventories up as prices fell, warnings from the tech sector, all no problemo for the frauds on wall street, [fed heads, who�ve been printing worthless dollars like they�re going out of style because they are (so much so that they�ve stopped reporting M3), remove words �additional firming� is excuse for ridiculous mixed close as previously dollar precipitously fell on the news which is catch 22 as same is hyper-inflationary/stagflationary and dollar denominated assets fall in value], home construction unexpectedly up according to government report (riiiiight.....if you believe same.....I don�t) though permits down, lunatic frauds on wall street rally on the news, builder/construction sentiment down again and now below 50% reflecting reality, obfuscating mergers/b.s. to the rescue,� previous CPI (.4), wholesale (1.3 annualized 15.6), and core (.4) inflation rates far exceed expectations as worthless dollar and massive printing thereof and debt come home to roost, unexpected decline on the Philadelphia Fed's manufacturing index/disappointing NY Empire State Index, commissionable ponzi scheme with borrowed (ie., japan, etc.) and suckers� funds continues,� blowout Q1 earnings report from wall street lunatic frauds morgan stanley, goldman sachs (daaaaah!) even as record foreclosure rate and retail sales below expectations, mergers obfuscate dismal picture, retail sales down (they say it�s the weather.....riiiiight.....how about consumer debt at record $2.41 trillion) jobs data from private (as opposed to government) entity below expectations (who would have thunk it!.....riiiiight! But wait; latest government data at expectations and above, revising past data as unemployment rate falls to 4.5%.....and says trade deficit trend changing..... riiiiight!), along with below expectations oil inventories which had spurred oil price rally, while productivity below expectations/wage costs higher and above expectations (very inflationary), no problemo for the lunatic frauds on wall street (what a joke wall street is!) who are maniacal as lunatics suckers short-covering �bear market/higher oil prices/fake economic reports/fed speak rally� (based upon b**l s**t/fake reports even assuming fake growth rate though false, the decline of the fiat currency, the worthless dollar would negate same in real terms) (b.s. contrary to bernanke testimony before congress owing to previous implicit threat of prosecution for false statements)� fueled by b**l s**t alone ridiculously rally into the close to suck the suckers in; ie., as the Dow Jones industrial average up 30, S&P up 1, and NASDAQ down 6, all very commissionable on heavy volume, as in final pre-election result push for bush, which fell very short but has provided the same pump-priming of the market as most recently seen in 1999 which ended quite badly even without the exacerbating effects of huge unsustainable and debilitating debt/deficits deferring/delaying/prolonging the inevitable reality even as entire domestic u.s. industries are rendered what is tantamount to defunct and with corporate welfare unwisely spent (war crimes, etc.). Greenspan Warns of Likely U.S. Recession..... FORECLOSURES AT RECORD PACE, retail sales below expectations. TOP INVESTOR, SOROS' PARTNER, SEES U.S. PROPERTY CRASH 3-16-07 Major Mortgage Lender On Bankruptcy's Doorstep... REIT New Century Financial (NEW 3.21, halted at 0).....Everything is hunky doory says financial propaganda minister/comedian paulson (son of pat paulson?) while Moody�s says at least a 10% correction from fraudulent bubble highs is warranted/appropriate (I believe that to be a modest analytical view). Who would you believe? What do you expect a member of a failed administration to say? What�s changed? Nothing, as the frauds on wall street continue their commissionable ponzi scheme with borrowed (ie., japan, etc.) and suckers� funds.� Real estate experts say the pain/damage will exceed that of prior downturns since the great depression.Bernanke responds to recession prediction with b**l s**t (to his small credit he begrudgingly admits to looming fiscal crisis). Top investor, Soros partner sees property crash: 'You can't believe how bad it's going to get'... Manufacturing activity in u.s. up say fake reports (what, paper/worthless dollars/ securities/packaging for imported goods/parts/components, etc.). �BROKERS AT 'TOP-TIER' FIRMS CHARGED IN INSIDER TRADING SCHEME JUST TIP OF THE ICEBERG. New home sales down 17%.....Durables down over seven percent. Are they going to fudge/falsify the GDP revision? Oil rise on US energy inventory data. Stagflation, fake reports understate fundamental weakness, higher oil prices rally. Housing starts down sharply, as investors, domestic and international, dramatically slow purchase of fiat currency/worthless us/dollar denominated stocks and bonds. Record real estate price slump; industrial production/utilization down. Record home price slump. Retail numbers at best (I don�t believe them for a second) just flat; massive layoffs at Chrysler; more government borrowing to paint false facade. Trade deficit up sharply and new record for all of 2006 - $763 billion (the market last rallied with previous month�s improvement, and rallies with worsening, everything else was typical wall street b**l s**t meaning and based on nothing, ie., m&a, upgrade, etc.). Default rates up again. HSBC Holdings, the world's third largest bank, warned that provisions for bad debt will be some 20% higher than previously thought. SEC launch of insider trading (pervasive on fraudulent wall street) probe just tip of the iceberg. Negative savings rate (highest since great depression), factory output down, home inventories highest since last crash, defaults up, gm and ford sales down 17% and 19%, deficits trade/budget, dollar down and going lower, january jobs data weaker than the consensus estimate and below the average gain of 153,000 per month for all of 2006 and viewed as bearish......but no problemo if you�re a lunatic fraud on wall street. Personal Savings at Lowest Point Since 1933-- Great Depression's low. �Fake economic growth report from the administration. Mergers and acquisitions continue to cloud the picture facilitating the fraud. Having beat fraudulent alice-in-wonderland lunatic world of wall street expectations with Record Loss of $12.7 Billion, the rally in Ford�s stock continues..... riiiiight! Fake numbers also a plus. Ford Posts Record Loss of $12.7 Billion.....stock rallies on the news.....riiiiight! P/E ratios far beyond the mean particularly for this stage in the cycle for selected securities (ie., 80+, etc.). Higher oil prices and fake indicators report spark rally.....riiiiight! Report on leading economic indicators is delayed (very unusual unless you understand the greater complexity in fudging same.....not to worry, fans of frauds on wall street.....the lunatic frauds will also get their churn-and-earn commission dollars on the way down).Fed Chairman Bernanke begins to euphemistically discuss reality on capital hill. PAPER: Condo market in DC, Vegas, Miami and Boston has collapsed... Euro displaces dollar in bond markets...13 charged in Wall Street insider trading ring CNN International Higher oil prices and fake numbers spurs rally. More fake job numbers (at best, hamburger helpers, etc.). Foreclosures Rip Neighborhoods in Denver. Yahoo profit falls 61% but rallies 6% on b**l s**t alone. �Insider-Trading Ring Bust in US Fuels Hedge-Fund Concerns. Jawboning by kohn of print-those-worthless-dollars fed raises market.....riiiiight! The ism services index fell, but that was down from an unexpectedly and fake strong read a month earlier, manufacturing index up slightly to 51.4 (they must be counting hamburgers as manufactured goods in u.s......riiiiight!) but fed knows they�ve been printing worthless dollars like mad which of course is hyperinflationary and will come home to roost, along with huge debt/deficits, trade and budget, Stores Report Disappointing Dec. Sales, Gap Woes Deepen in Bleak Holiday Season. Ford and GM auto sales down 13%. More reports in defiance of reality, oil prices up, Dollar Slides...,every intelligent analyst/economist knows that the new home sales number from the government is a total lie that will be revised downward later, that the options scandals are pervasive in fraudulent america (100 investigations just tip of the iceberg), oil stocks continue to rally on lower oil prices, as previously on pipeline explosion in Nigeria, spill in Gulf, and sanctions for Iran, and sharp FALL in oil prices.....riiiiight!.....predictions of disappointing retail sales even with fire-sale discounted prices,..... Highest increase (2%) in 30 years for the wholesale price index, and as well, the core ppi (1.3%), GDP growth less than expected at 2%, dollar sharply lower, oil prices up, building permits down, all unexpectedly bad but great news in the fraudulent alice-in-wonderland lunatic world of wall street. New Record Quarterly Trade Deficit initially spurred lunatic market rally along with obfuscating but very commissionable merger activity. Core inflation a very unexpected unchanged .....riiiiight!.....spurs superstitious, devoid of reality, santa rally.� Investment Banks Post Record 2006 Profit .....daaaaah! Churning and earning on worthless paper, where is that commission dollar coming from even as america has ceded solvency/leadership in every economic measure. Even at the lofty record numbers the indices are worth roughly half their value based on precipitous fall of the dollar in only 5 years with further downside to go. Superstitious �Santa Claus rally�.....riiiiight! High oil price rally.....riiiiight!� Total� bulls**t ! Retail sales up a very unexpected 1%, riiiiight, at the same time inventories of such goods rising substantially (do you think they�re booking sales to �straw men/companies�.....I do!) and oil inventories down. Fake employment numbers (from the government.....riiiiight!) the impetus for previous b.s. rally despite falling sentiment and uptick in unemployment. The ism services index (financed by unsustainable deficit/debt spending and pushing/commissioning worthless paper) and jawboning/bulls**t from the housing industry (the end is near.....riiiiight!), obfuscating mergers continued to cloud the picture, closely-watched core-PCE deflator had risen a more than expected 0.2%, second sub-50 reading on manufacturing activity in as many sessions-the November ISM index unexpectedly fell to 49.5 (consensus 52.0), Chicago PMI fell to its lowest level (49.9%) in October, and below the 50 level, indicating contraction, crude prices up� (OIL PRICES RISE ABOVE $63 A BARREL...), DOLLAR RESUMES SLIDE, Fed Chairman Bernanke & Co. cheerleading/jawboning/bulls**t, 3.2% decline in new home sales, oil inventories down and oil prices up, oil producers shun the dollar, Russia and Opec shift revenues into euros, yen and sterling..., all very bad news anywhere but in the fraudulent alice-in-wonderland world of wall street. Durable goods orders fell sharply, sentiment down, but supposedly used home sales rose slightly (riiiiight.....who says; the realtors/government who have been talking up this bubble market?) albeit at sharply lower prices. DOLLAR PLUNGES TO NEAR 15-YEAR LOW� In other words, no good news to justify the ridiculous up move by the alice-in-wonderland frauds of wall street. Worthless dollar, triple deficits, stock/options scandals/corruption, as some speculate that fed is behind purchases/manipulation (through proxy) of worthless american paper now being shunned by more rational market players abroad.� MARKETS ROCKED BY LONG OVERDUE BUT STILL MODEST RELATIVE TO REALITY SHARP SLIDE IN DOLLAR...There has never been a time since 1929 when stock prices and p/e ratios were so irrationally high for this point in a bull cycle in this indisputable secular bear market, particularly with the existing unprecedented structural economic problems, ie., trade and budget deficits, worthless dollar, scandals, fraud, corruption , etc.. In fact, unemployment unexpectedly rose substantially and consumer sentiment unexpectedly but similarly realistically fell, both very negative exept in the� fraudulent alice-in-wonderland world of wall street. Indeed, the housing bubble bursting with ie., unexpected 14% decline in starts/permits, etc., led to rally in the fraudulent alice-in-wonderland world of wall street. Obfuscating mergers help preclude detection of this massive and pervasive fraud which defies analysis owing to these mergers. New talking pointing: dell numbers exceed expectations depending upon ongoing government scrutiny of their accounting practices.....riiiiight! More contrived manipulated markets and data well as that previous unexpected rise in that global hub of manufacturing activity, New York (worthless paper is their real product, etc.) �..riiiiight!�.. underpins fraudulent up move. Reassuring Fed speak, also known as b**l s**t, along with IPO�s (get the suckers in at the highs as in late 90�s market bubble), and shrugging off pervasive stock/options fraud as at, ie., KB Homes, etc., leave stocks ridiculously higher. Nations leaving the worthless dollar in droves for currencies backed by value and for precious metals. Based on the self-interested statement of typical fraud american and fed rep, we hear once again the wishful thought that housing has bottomed.....right! [Reality/Truth: US housing slump deepens, spreads]. Home depot rallies despite lower than expected results and lower guidance for the year.....right! Who is stupid enough to believe anything the fraudulent criminal americans say. They are printing worthless dollars like mad. Consumer sentiment actually previously fell and there was nothing but wall street lunacy to prop the fraudulent market. The republicans who lockstepped with war criminal dumbya bush deserved to lose. The frauds on wall street now looking for the new corporate welfare program for which to sell the sizzle ie., stem cells, etc.. The know-nothing pundits are now saying the up move without any rational basis is predicated upon the the falsity that gridlock in washington is welcomed and good because no regulation of, ie., fraud on wall street, etc., can be passed. How about a tax on stock trades to come directly from the traders' (traitors/frauds) bottom lines and provide a disincentive for the churn-and-earn fraud which is tantamount to a wasteful tax on the economy. Even token Christian paulison from jew fraud wall street couldn't stem the tide against the blatent zionist/neocon/bush co failure accross the board as the wall street frauds show record profits financed, albeit indirectly, by huge deficits, both trade and budget. Obfuscating mergers blur the picture to provide cover for up move talking points in defiance of reality.� Stagflation and full employment revisions pre-election.....riiiiight. Productivity comes in at a less than expected 0 (inflationary). The only surprise should have been that the number wasn't negative. The pundits are now saying that the market/wall street fraud is in a state of denial regarding economic fundamentals and that the market is substantially overbought, overvalued, overfrauded, over, etc., the manufacturing index coming in lower than expectations. Consumer sentiment unexpectedly fell.....daaaaah. Pre-election core inflation rate report good �..riiiiight�..but savings rate still negative and walmart sales/profits/outlook substantially below expectations but what the heck, they�re wallstreet lunatics/frauds and reality is no problem. Despite pre-election deficit spending, GNP comes in a less than expected paltry 1.6% increase with worthless falling dollar the catch-22 precluding reality avoidance and the worst yet to come. More nations leaving the worthless dollar as reserve currency even as frauds on wall street reach new highs (What are they smoking? Coking? or like the dollar just cracking) based on corporate welfare flows with money the nation doesn't have pre-election (record deficits). Housing prices continue their sharp decline as bubble deflates. GM only lost 115 million. Ford lost 5.8 billion and must restate earnings back to year 2000 is a bullish sign in the fraudulent alice-in-wonderland lunatic world of wall street. Typical pre-fed meeting rally to provide a cushion for any negative pronouncements which reality would require but are seldom forthcoming by the accommodative frauds who have similarly embraced unreality. Indeed, the gutless wimps of wall street think they're "tough" when they fraudulently take the market higher despite a clearly contrary fact based reality. Caterpillar relates the pervasive reality and the frauds on wallstreet intimidate same with sell off, ignoring pervasive options scandal/fraud and rallies Merck despite lower than expectation results.....riiiiight! Election year corporate welfare to prime the pump and the mock stock market with money the nation doesn�t have (increasing already huge deficits). CPI figures (upon which government inflation adjusted payment obligations are based) lower than expected�..riiiiight! Intel earnings/revenues down sharply but according to the lunatic frauds on wall street, beat expectations and stock rallies along with yahoo which as in the pre-dot com bust days says better days are a coming�.. riiiiight Core inflation rate which is closely watched by the Fed exceeds all expectations. Fraud Merrill Lynch has really been pushing and commissioning that worthless paper and reports record earnings, despite having produced nothing and for very little if any value added (that ill-gotten money has to come from somewhere-your pockets?). The big economic report awaiting scrutiny was the monthly trade deficit which was expected to narrow but in fact INCREASED to 69.9 billion. The alice-in-wonderland lunatic wall street frauds rallied on the news as the dollar precipitously fell. The Fed Chairman said there is a "substantial correction" in housing, which will probably shave about 1% off growth in the second half of the year. The Institute of Supply Management said its services index fell to 52.9 in September -- the lowest level since April 2003. Great News�.. riiiiight!..... Consumer Confidence Higher Than Expected... riiiiight!..... and housing starts were down sharply but not-as-bad-as-expectations game in play US Existing Home Sales Fall 0.5% in August; Sales Price Drops Existing-home prices fall for 1st time in 11 years along with fed jaw-boning pre-election that inflation has been licked .....riiiiight �..despite printing worthless dollars like they�re going out of style because they really are! Fed did nothing and stocks rallied, pre-election.....riiiiight! What about the reality of u.s. debt service at a record unsustainable $2 billion per day on a revolving $2 trillion charge account with ie., China, etc.. The fact that foreclosures are up and that there is projected new trade deficit record, fake government inflation numbers for election year purposes, housing starts down 6% means little to the alice-in-wonderland lunatic frauds of wall street and the so-called pundits including yahoo below. Almost all computerized volume is and must be considered heavy, manipulated, economically wasteful volume [stocks move contrary to rational analytical facts (ie., exceeded lowered expectations, things so bad interest rates can�t rise, exceeded expectations, no earnings but outlook extraordinary, the fed says booo as they print more worthless dollars to finance deficits, etc. ) is money in the bank for the frauds on wall street when they unwind said irrational positions ]. Philadelphia Federal Reserve announces that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, leading economic indicators fall .2%, and previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows with b**l s**t from Yahoo (which didn�t even reference the record unanticipated trade gap):

Dow Closes Above 12,800 for First Time
AP - The Dow Jones industrial average closed above 12,800 for the first time Wednesday, signaling Wall Street's recovery from its steep decline in February as investors rewarded companies with strong earnings.

�� The indices finished mixed for a second straight day and, in similar fashion to Tuesday's performance, the bulk of buying interest was dictated by gains in just a handful of blue chips. The Dow closed at an historic high, but all three major averages finished the day well off their best levels of the session. A day after a tame read on consumer inflation and solid earnings from two Dow components helped the index briefly eclipse its all-time closing high of 12,786.64, the absence of any potentially troubling economic data and two more of the Dow 30 announcing upbeat quarterly results, alongside some other upbeat blue-chip news, helped power the Dow to its best finish ever.As evidenced by the 1.0% rally in Financials, a nearly 4% surge in shares of Dow component JPMorgan Chase (JPM 52.07 +1.89) was the biggest story of the day. The financial services giant soared to a six-year high after handily beating analysts' expectations with record results, authorizing a $10 bln buyback, and raising its dividend for the first time in six years. Its report helped renew enthusiasm throughout the recently beaten-down and heavily-weighted Financials sector.The only other influential sector attracting buyers, and telling the rest of the story behind today's move into uncharted territory for the Dow, was Industrials. Boeing (BA 93.88 +3.43) surged almost 4% to an all-time high following reports it is the sole bidder for a $2.5 bln South Korean fighter contract. Fellow Dow component Caterpillar (CAT 69.48 +1.82) climbed almost 3% on the back of an analyst upgrade two days before it reports earnings. Boeing's gain alone accounted for almost the entire gain on the Dow.Technology was also in focus after Dow component Intel (INTC 21.37 +0.39) kicked things off last night with its Q1 report. Intel, a suggested holding in the Briefing.com Active Portfolio, posted an in-line report and revenues were a bit light; but management raising gross margin guidance for the full year helped restore investor confidence in its leadership position. Also helping Semiconductors turn in one of the day's best performances was Linear Technology (LLTC 36.05 +3.93), which soared 12% as shareholders applauded its $3 bln stock buyback program.However, given such high expectations being priced into Yahoo! (YHOO 28.31 -3.78) shares of late, first quarter results falling short of forecasts on both the top and bottom lines revived worries that estimates for the tech sector are still overly optimistic. IBM (IBM 94.82 -2.30) was another tech blemish after an in-line report. Its CFO saying the U.S. market showed signs of weakness prompted multiple analyst downgrades. The 2.4% decline on the Dow's highest priced stock offset what was shaping up to be an even stronger record performance for the price-weighted index. DJ30 +30.80 NASDAQ -6.45 SP500 +1.02 NASDAQ Dec/Adv/Vol 1797/1228/2.10 bln NYSE Dec/Adv/Vol 1850/1414/1.58 bln

There is nothing to rationally justify the previous up move or mixed results in the market other than what is tantamount to a negative, and based upon spurious data from the government; ie., fake government numbers said total PPI rose a smaller than expected 0.1% (consensus 0.4%) in July, which was well below the 0.5% jump in June, while the more closely watched core rate (ex-food and energy) unexpectedly (RIIIIIGHT!) fell 0.3% (consensus +0.2%) -- the first decline since October and the largest drop since a 0.5% decline in April 2003. Home Sales Decline in 28 States, D.C.. Real estate prices down/stagnant. But housing stocks�..up.....riiiiight!.....in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down.� Martin Crutsinger, AP Economics Writer, previously wrote,� U.S. Trade Deficit Falls 0.3 Percent in June to $64.8B, Offsetting Jump in Chinese Imports. Dell Recall Stems From sony Production Flaw� WASHINGTON (AP) -- America's trade deficit showed a slight improvement as strong global growth pushed U.S. exports to a record level. That helped offset a surge in Chinese imports and record crude oil prices. The deficit declined 0.3 percent in June, compared with May, dropping to $64.8 billion, still the fifth largest imbalance on record, the Commerce Department reported Thursday. The deficit is running at an annual rate of $768 billion through the first six months of this year, putting the country on track to see a fifth straight record imbalance. Last year's deficit was $716.7 billion. Prior considerations remain apposite in this clearly overvalued market. The frauds on wall street feel compelled to continue their tradition/superstition/fraud tactic of buying on the rumor and selling on the news (fact) of the Fed�s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money.� Yahoo previously commented: Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance....., to which I responded, Wild..... I�ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported and will now join gm in worker buyouts; but both GM and Ford will now offer built-in ipods which should substantially help their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Analyst says GM good news now behind it (past/discounted), yet stock still rose upon said analysis �..riiiiight�.. daaaaah! Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal, maybe even suspension, that has cast a harsh light on Silicon Valley's compensation practices. Don�t forget that GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland lunatic world of wall street is of course good news. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid (approx.) 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it�s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very commissionable (investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $63; yes, as in the last crash, they will get fooled again� as stocks up sharply in the fraudulent alice-in-wonderland lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the pundits/analysts are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley (who also says that in Europe bush�s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the �better than expectations� game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. Spotlight on the Stock Option Scandal-The share prices of companies involved in stock options backdating have held up well compared to the broader market. But shareholders might be in for a rougher ride. Plus, why the Nasdaq has its hands full. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived pearl harbor effect)/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/ and the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what�s up is down and what�s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they�ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin� to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don�t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)

"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006

WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):

The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

(4-17-07) New Moon and the lunatic frauds on wall street do what you expect lunatics to do, ie.,� ignore reality regarding,� erosion in consumer sentiment and one-year inflation expectations at the highest level in 8 months, rising food and energy costs, Systemic Recession The US is sliding into a long-term economic downturn, ChinaMerica America owned the 20th century, but it won't own the 21^st, Dollar Down, Gold to Soar ...Real Estate Fiz...Recession 2007 ...Catch 22 � Lower interest rates in u.s. would decimate already worthless dollar REALITY COURTESY OF http://www.trendsresearch.com, negative inflation/economic data and continue their backward looking frenzied rally mode despite higher oil prices, unexpected jump in jobless claims, mortgage defaults highest in 37 years, retailers warning that April same-store sales will be weak, and the largest rise in import prices, Citigroup to cut 17000 jobs and earnings down 11% but stock rallies, national mortgage delinquency rate hit an all-time high of 2.87% in Q1, sentiment down, Fed Governor Mishkin saying the current rate of inflation remains too high, and on previous stellar employment report from government ...riiiiight!..., (what about the real $11 TRILLION unfunded social security/medicare unfunded liabilty by acturial/accounting), as previously u.s. auto sector sparks rally...riiiiight!..., despite previously experts acknowledging SEC must crackdown on rampant insider trading on M&A info, both services and manufacturing indices far below expectations, u.s. auto sales down, February existing home sales up but down 8.5% from previous year.....riiiiight!...previously, manufacturing index barely positive and substantially below expectations, producer prices up and above expectations, citing obfuscating mergers, higher oil prices, and a new way to scam the unwary public by unloading their worthless paper on workers through ESOPs, rally into the close building on previous stagflation report of high core rate of inflation, slightly higher spending on lower income, high oil prices and fake upward revision to GDP report (riiiiight! US GDP growth hobbled by stocks of unsold ) still relying on b**l s**t alone, even as Bernanke totally dashes wall street�s previous b.s. story underlying the previous week�s fraudulent up move based on b**l s**t alone and the paper paper chase/commissionable ponzi scheme continues (with borrowed funds) but will unwind/unravel as they always do, Home prices down/worst since '94, defaults up, new home sales unexpectedly down 3.9%.....it�s the weather say the frauds on wall street.....riiiiight!, home inventories up, oil prices up, leading indicators down again, existing home sales unexpectedly up.....right!, even as home inventories up as prices fell, warnings from the tech sector, all no problemo for the frauds on wall street, [fed heads, who�ve been printing worthless dollars like they�re going out of style because they are (so much so that they�ve stopped reporting M3), remove words �additional firming� is excuse for ridiculous mixed close as previously dollar precipitously fell on the news which is catch 22 as same is hyper-inflationary/stagflationary and dollar denominated assets fall in value], home construction unexpectedly up according to government report (riiiiight.....if you believe same.....I don�t) though permits down, lunatic frauds on wall street rally on the news, builder/construction sentiment down again and now below 50% reflecting reality, obfuscating mergers/b.s. to the rescue,� previous CPI (.4), wholesale (1.3 annualized 15.6), and core (.4) inflation rates far exceed expectations as worthless dollar and massive printing thereof and debt come home to roost, unexpected decline on the Philadelphia Fed's manufacturing index/disappointing NY Empire State Index, commissionable ponzi scheme with borrowed (ie., japan, etc.) and suckers� funds continues,� blowout Q1 earnings report from wall street lunatic frauds morgan stanley, goldman sachs (daaaaah!) even as record foreclosure rate and retail sales below expectations, mergers obfuscate dismal picture, retail sales down (they say it�s the weather.....riiiiight.....how about consumer debt at record $2.41 trillion) jobs data from private (as opposed to government) entity below expectations (who would have thunk it!.....riiiiight! But wait; latest government data at expectations and above, revising past data as unemployment rate falls to 4.5%.....and says trade deficit trend changing..... riiiiight!), along with below expectations oil inventories which had spurred oil price rally, while productivity below expectations/wage costs higher and above expectations (very inflationary), no problemo for the lunatic frauds on wall street (what a joke wall street is!) who are maniacal as lunatics suckers short-covering �bear market/higher oil prices/fake economic reports/fed speak rally� (based upon b**l s**t/fake reports even assuming fake growth rate though false, the decline of the fiat currency, the worthless dollar would negate same in real terms) (b.s. contrary to bernanke testimony before congress owing to previous implicit threat of prosecution for false statements)� fueled by b**l s**t alone ridiculously rally into the close to suck the suckers in; ie., as the Dow Jones industrial average up 53, S&P up 3, and NASDAQ down 1, all very commissionable on heavy volume, as in final pre-election result push for bush, which fell very short but has provided the same pump-priming of the market as most recently seen in 1999 which ended quite badly even without the exacerbating effects of huge unsustainable and debilitating debt/deficits deferring/delaying/prolonging the inevitable reality even as entire domestic u.s. industries are rendered what is tantamount to defunct and with corporate welfare unwisely spent (war crimes, etc.). Greenspan Warns of Likely U.S. Recession..... FORECLOSURES AT RECORD PACE, retail sales below expectations. TOP INVESTOR, SOROS' PARTNER, SEES U.S. PROPERTY CRASH 3-16-07 Major Mortgage Lender On Bankruptcy's Doorstep... REIT New Century Financial (NEW 3.21, halted at 0).....Everything is hunky doory says financial propaganda minister/comedian paulson (son of pat paulson?) while Moody�s says at least a 10% correction from fraudulent bubble highs is warranted/appropriate (I believe that to be a modest analytical view). Who would you believe? What do you expect a member of a failed administration to say? What�s changed? Nothing, as the frauds on wall street continue their commissionable ponzi scheme with borrowed (ie., japan, etc.) and suckers� funds.� Real estate experts say the pain/damage will exceed that of prior downturns since the great depression.Bernanke responds to recession prediction with b**l s**t (to his small credit he begrudgingly admits to looming fiscal crisis). Top investor, Soros partner sees property crash: 'You can't believe how bad it's going to get'... Manufacturing activity in u.s. up say fake reports (what, paper/worthless dollars/ securities/packaging for imported goods/parts/components, etc.). �BROKERS AT 'TOP-TIER' FIRMS CHARGED IN INSIDER TRADING SCHEME JUST TIP OF THE ICEBERG. New home sales down 17%.....Durables down over seven percent. Are they going to fudge/falsify the GDP revision? Oil rise on US energy inventory data. Stagflation, fake reports understate fundamental weakness, higher oil prices rally. Housing starts down sharply, as investors, domestic and international, dramatically slow purchase of fiat currency/worthless us/dollar denominated stocks and bonds. Record real estate price slump; industrial production/utilization down. Record home price slump. Retail numbers at best (I don�t believe them for a second) just flat; massive layoffs at Chrysler; more government borrowing to paint false facade. Trade deficit up sharply and new record for all of 2006 - $763 billion (the market last rallied with previous month�s improvement, and rallies with worsening, everything else was typical wall street b**l s**t meaning and based on nothing, ie., m&a, upgrade, etc.). Default rates up again. HSBC Holdings, the world's third largest bank, warned that provisions for bad debt will be some 20% higher than previously thought. SEC launch of insider trading (pervasive on fraudulent wall street) probe just tip of the iceberg. Negative savings rate (highest since great depression), factory output down, home inventories highest since last crash, defaults up, gm and ford sales down 17% and 19%, deficits trade/budget, dollar down and going lower, january jobs data weaker than the consensus estimate and below the average gain of 153,000 per month for all of 2006 and viewed as bearish......but no problemo if you�re a lunatic fraud on wall street. Personal Savings at Lowest Point Since 1933-- Great Depression's low. �Fake economic growth report from the administration. Mergers and acquisitions continue to cloud the picture facilitating the fraud. Having beat fraudulent alice-in-wonderland lunatic world of wall street expectations with Record Loss of $12.7 Billion, the rally in Ford�s stock continues..... riiiiight! Fake numbers also a plus. Ford Posts Record Loss of $12.7 Billion.....stock rallies on the news.....riiiiight! P/E ratios far beyond the mean particularly for this stage in the cycle for selected securities (ie., 80+, etc.). Higher oil prices and fake indicators report spark rally.....riiiiight! Report on leading economic indicators is delayed (very unusual unless you understand the greater complexity in fudging same.....not to worry, fans of frauds on wall street.....the lunatic frauds will also get their churn-and-earn commission dollars on the way down).Fed Chairman Bernanke begins to euphemistically discuss reality on capital hill. PAPER: Condo market in DC, Vegas, Miami and Boston has collapsed... Euro displaces dollar in bond markets...13 charged in Wall Street insider trading ring CNN International Higher oil prices and fake numbers spurs rally. More fake job numbers (at best, hamburger helpers, etc.). Foreclosures Rip Neighborhoods in Denver. Yahoo profit falls 61% but rallies 6% on b**l s**t alone. �Insider-Trading Ring Bust in US Fuels Hedge-Fund Concerns. Jawboning by kohn of print-those-worthless-dollars fed raises market.....riiiiight! The ism services index fell, but that was down from an unexpectedly and fake strong read a month earlier, manufacturing index up slightly to 51.4 (they must be counting hamburgers as manufactured goods in u.s......riiiiight!) but fed knows they�ve been printing worthless dollars like mad which of course is hyperinflationary and will come home to roost, along with huge debt/deficits, trade and budget, Stores Report Disappointing Dec. Sales, Gap Woes Deepen in Bleak Holiday Season. Ford and GM auto sales down 13%. More reports in defiance of reality, oil prices up, Dollar Slides...,every intelligent analyst/economist knows that the new home sales number from the government is a total lie that will be revised downward later, that the options scandals are pervasive in fraudulent america (100 investigations just tip of the iceberg), oil stocks continue to rally on lower oil prices, as previously on pipeline explosion in Nigeria, spill in Gulf, and sanctions for Iran, and sharp FALL in oil prices.....riiiiight!.....predictions of disappointing retail sales even with fire-sale discounted prices,..... Highest increase (2%) in 30 years for the wholesale price index, and as well, the core ppi (1.3%), GDP growth less than expected at 2%, dollar sharply lower, oil prices up, building permits down, all unexpectedly bad but great news in the fraudulent alice-in-wonderland lunatic world of wall street. New Record Quarterly Trade Deficit initially spurred lunatic market rally along with obfuscating but very commissionable merger activity. Core inflation a very unexpected unchanged .....riiiiight!.....spurs superstitious, devoid of reality, santa rally.� Investment Banks Post Record 2006 Profit .....daaaaah! Churning and earning on worthless paper, where is that commission dollar coming from even as america has ceded solvency/leadership in every economic measure. Even at the lofty record numbers the indices are worth roughly half their value based on precipitous fall of the dollar in only 5 years with further downside to go. Superstitious �Santa Claus rally�.....riiiiight! High oil price rally.....riiiiight!� Total� bulls**t ! Retail sales up a very unexpected 1%, riiiiight, at the same time inventories of such goods rising substantially (do you think they�re booking sales to �straw men/companies�.....I do!) and oil inventories down. Fake employment numbers (from the government.....riiiiight!) the impetus for previous b.s. rally despite falling sentiment and uptick in unemployment. The ism services index (financed by unsustainable deficit/debt spending and pushing/commissioning worthless paper) and jawboning/bulls**t from the housing industry (the end is near.....riiiiight!), obfuscating mergers continued to cloud the picture, closely-watched core-PCE deflator had risen a more than expected 0.2%, second sub-50 reading on manufacturing activity in as many sessions-the November ISM index unexpectedly fell to 49.5 (consensus 52.0), Chicago PMI fell to its lowest level (49.9%) in October, and below the 50 level, indicating contraction, crude prices up� (OIL PRICES RISE ABOVE $63 A BARREL...), DOLLAR RESUMES SLIDE, Fed Chairman Bernanke & Co. cheerleading/jawboning/bulls**t, 3.2% decline in new home sales, oil inventories down and oil prices up, oil producers shun the dollar, Russia and Opec shift revenues into euros, yen and sterling..., all very bad news anywhere but in the fraudulent alice-in-wonderland world of wall street. Durable goods orders fell sharply, sentiment down, but supposedly used home sales rose slightly (riiiiight.....who says; the realtors/government who have been talking up this bubble market?) albeit at sharply lower prices. DOLLAR PLUNGES TO NEAR 15-YEAR LOW� In other words, no good news to justify the ridiculous up move by the alice-in-wonderland frauds of wall street. Worthless dollar, triple deficits, stock/options scandals/corruption, as some speculate that fed is behind purchases/manipulation (through proxy) of worthless american paper now being shunned by more rational market players abroad.� MARKETS ROCKED BY LONG OVERDUE BUT STILL MODEST RELATIVE TO REALITY SHARP SLIDE IN DOLLAR...There has never been a time since 1929 when stock prices and p/e ratios were so irrationally high for this point in a bull cycle in this indisputable secular bear market, particularly with the existing unprecedented structural economic problems, ie., trade and budget deficits, worthless dollar, scandals, fraud, corruption , etc.. In fact, unemployment unexpectedly rose substantially and consumer sentiment unexpectedly but similarly realistically fell, both very negative exept in the� fraudulent alice-in-wonderland world of wall street. Indeed, the housing bubble bursting with ie., unexpected 14% decline in starts/permits, etc., led to rally in the fraudulent alice-in-wonderland world of wall street. Obfuscating mergers help preclude detection of this massive and pervasive fraud which defies analysis owing to these mergers. New talking pointing: dell numbers exceed expectations depending upon ongoing government scrutiny of their accounting practices.....riiiiight! More contrived manipulated markets and data well as that previous unexpected rise in that global hub of manufacturing activity, New York (worthless paper is their real product, etc.) �..riiiiight!�.. underpins fraudulent up move. Reassuring Fed speak, also known as b**l s**t, along with IPO�s (get the suckers in at the highs as in late 90�s market bubble), and shrugging off pervasive stock/options fraud as at, ie., KB Homes, etc., leave stocks ridiculously higher. Nations leaving the worthless dollar in droves for currencies backed by value and for precious metals. Based on the self-interested statement of typical fraud american and fed rep, we hear once again the wishful thought that housing has bottomed.....right! [Reality/Truth: US housing slump deepens, spreads]. Home depot rallies despite lower than expected results and lower guidance for the year.....right! Who is stupid enough to believe anything the fraudulent criminal americans say. They are printing worthless dollars like mad. Consumer sentiment actually previously fell and there was nothing but wall street lunacy to prop the fraudulent market. The republicans who lockstepped with war criminal dumbya bush deserved to lose. The frauds on wall street now looking for the new corporate welfare program for which to sell the sizzle ie., stem cells, etc.. The know-nothing pundits are now saying the up move without any rational basis is predicated upon the the falsity that gridlock in washington is welcomed and good because no regulation of, ie., fraud on wall street, etc., can be passed. How about a tax on stock trades to come directly from the traders' (traitors/frauds) bottom lines and provide a disincentive for the churn-and-earn fraud which is tantamount to a wasteful tax on the economy. Even token Christian paulison from jew fraud wall street couldn't stem the tide against the blatent zionist/neocon/bush co failure accross the board as the wall street frauds show record profits financed, albeit indirectly, by huge deficits, both trade and budget. Obfuscating mergers blur the picture to provide cover for up move talking points in defiance of reality.� Stagflation and full employment revisions pre-election.....riiiiight. Productivity comes in at a less than expected 0 (inflationary). The only surprise should have been that the number wasn't negative. The pundits are now saying that the market/wall street fraud is in a state of denial regarding economic fundamentals and that the market is substantially overbought, overvalued, overfrauded, over, etc., the manufacturing index coming in lower than expectations. Consumer sentiment unexpectedly fell.....daaaaah. Pre-election core inflation rate report good �..riiiiight�..but savings rate still negative and walmart sales/profits/outlook substantially below expectations but what the heck, they�re wallstreet lunatics/frauds and reality is no problem. Despite pre-election deficit spending, GNP comes in a less than expected paltry 1.6% increase with worthless falling dollar the catch-22 precluding reality avoidance and the worst yet to come. More nations leaving the worthless dollar as reserve currency even as frauds on wall street reach new highs (What are they smoking? Coking? or like the dollar just cracking) based on corporate welfare flows with money the nation doesn't have pre-election (record deficits). Housing prices continue their sharp decline as bubble deflates. GM only lost 115 million. Ford lost 5.8 billion and must restate earnings back to year 2000 is a bullish sign in the fraudulent alice-in-wonderland lunatic world of wall street. Typical pre-fed meeting rally to provide a cushion for any negative pronouncements which reality would require but are seldom forthcoming by the accommodative frauds who have similarly embraced unreality. Indeed, the gutless wimps of wall street think they're "tough" when they fraudulently take the market higher despite a clearly contrary fact based reality. Caterpillar relates the pervasive reality and the frauds on wallstreet intimidate same with sell off, ignoring pervasive options scandal/fraud and rallies Merck despite lower than expectation results.....riiiiight! Election year corporate welfare to prime the pump and the mock stock market with money the nation doesn�t have (increasing already huge deficits). CPI figures (upon which government inflation adjusted payment obligations are based) lower than expected�..riiiiight! Intel earnings/revenues down sharply but according to the lunatic frauds on wall street, beat expectations and stock rallies along with yahoo which as in the pre-dot com bust days says better days are a coming�.. riiiiight Core inflation rate which is closely watched by the Fed exceeds all expectations. Fraud Merrill Lynch has really been pushing and commissioning that worthless paper and reports record earnings, despite having produced nothing and for very little if any value added (that ill-gotten money has to come from somewhere-your pockets?). The big economic report awaiting scrutiny was the monthly trade deficit which was expected to narrow but in fact INCREASED to 69.9 billion. The alice-in-wonderland lunatic wall street frauds rallied on the news as the dollar precipitously fell. The Fed Chairman said there is a "substantial correction" in housing, which will probably shave about 1% off growth in the second half of the year. The Institute of Supply Management said its services index fell to 52.9 in September -- the lowest level since April 2003. Great News�.. riiiiight!..... Consumer Confidence Higher Than Expected... riiiiight!..... and housing starts were down sharply but not-as-bad-as-expectations game in play US Existing Home Sales Fall 0.5% in August; Sales Price Drops Existing-home prices fall for 1st time in 11 years along with fed jaw-boning pre-election that inflation has been licked .....riiiiight �..despite printing worthless dollars like they�re going out of style because they really are! Fed did nothing and stocks rallied, pre-election.....riiiiight! What about the reality of u.s. debt service at a record unsustainable $2 billion per day on a revolving $2 trillion charge account with ie., China, etc.. The fact that foreclosures are up and that there is projected new trade deficit record, fake government inflation numbers for election year purposes, housing starts down 6% means little to the alice-in-wonderland lunatic frauds of wall street and the so-called pundits including yahoo below. Almost all computerized volume is and must be considered heavy, manipulated, economically wasteful volume [stocks move contrary to rational analytical facts (ie., exceeded lowered expectations, things so bad interest rates can�t rise, exceeded expectations, no earnings but outlook extraordinary, the fed says booo as they print more worthless dollars to finance deficits, etc. ) is money in the bank for the frauds on wall street when they unwind said irrational positions ]. Philadelphia Federal Reserve announces that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, leading economic indicators fall .2%, and previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows with b**l s**t from Yahoo (which didn�t even reference the record unanticipated trade gap):

Yahoo Disappointing 1Q Drags Down Stock
AP - Investors were falling in love with Yahoo Inc. again until the Internet icon's disheartening first-quarter results ruined the mood.

�� The major averages closed in split fashion Tuesday as investors weighed another round of upbeat earnings reports and tame inflation data against the temptation to lock in some of the market's recent gains. As a reminder, the Dow, S&P 500 and Nasdaq have climbed roughly 3.6% on average during the month of April amid heightened expectations Wall Street analysts may have revised their earnings estimates too low.Meanwhile, with policy makers recently emphasizing their inflation concerns, and the monthly CPI report's ability to influence monetary decision making, early indications were signaling a lower start for stocks. The market's sizable gains a day earlier and the Dow less than 60 points away from its all-time closing high also contributed to the lack of buying interest at the onset of trading.Core consumer prices rising a lower than expected 0.1%, though, helped to ease renewed fears about pricing pressures and provided a floor of buying support. In the end, however, the soft number, coupled with rising energy costs that left total CPI with its biggest increase (+0.6%) since last April, did not exactly signal that inflation is back under control. The recent uptrend in energy prices threatens to raise overall inflation pressures and keep the core trends above Fed targets.Further proof of stabilization in housing, following unexpected 0.8% increases in monthly starts and permits, was also encouraging; but the data merely prompted bargain-hunting interest in Homebuilding (+2.8%), this year's worst performing S&P industry group (-17.9%).The bigger story Tuesday was earnings. Coca-Cola (KO 51.62 +1.35) and Johnson & Johnson (JNJ 64.60 +1.58), which topped Wall Street expectations, were the biggest reasons behind the Dow briefly eclipsing its all-time closing high of 12,786.64 (Feb.20). While both blue chips acted as notable sources of support for their respective Consumer Staples and Health Care sectors, the defensive nature of both stocks suggested there was less conviction in today's follow-through buying efforts. Coca-Cola and J&J accounted for nearly half of the Dow's 52-point advance.Technology was also in focus as investors placed their bets on solid earnings reports from tech bellwethers like IBM (IBM 97.16 +0.98) and Intel (INTC 20.97 +0.28). Average gains of more than 1.0% from each Dow component, which were scheduled to report after the bell, accounted for another 10 Dow points. DJ30 +52.58 NASDAQ -1.38 SP500 +3.01 NASDAQ Dec/Adv/Vol 1751/1278/1.92 bln NYSE Dec/Adv/Vol 1685/1589/1.47 bln

There is nothing to rationally justify the previous up move or mixed results in the market other than what is tantamount to a negative, and based upon spurious data from the government; ie., fake government numbers said total PPI rose a smaller than expected 0.1% (consensus 0.4%) in July, which was well below the 0.5% jump in June, while the more closely watched core rate (ex-food and energy) unexpectedly (RIIIIIGHT!) fell 0.3% (consensus +0.2%) -- the first decline since October and the largest drop since a 0.5% decline in April 2003. Home Sales Decline in 28 States, D.C.. Real estate prices down/stagnant. But housing stocks�..up.....riiiiight!.....in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down.� Martin Crutsinger, AP Economics Writer, previously wrote,� U.S. Trade Deficit Falls 0.3 Percent in June to $64.8B, Offsetting Jump in Chinese Imports. Dell Recall Stems From sony Production Flaw� WASHINGTON (AP) -- America's trade deficit showed a slight improvement as strong global growth pushed U.S. exports to a record level. That helped offset a surge in Chinese imports and record crude oil prices. The deficit declined 0.3 percent in June, compared with May, dropping to $64.8 billion, still the fifth largest imbalance on record, the Commerce Department reported Thursday. The deficit is running at an annual rate of $768 billion through the first six months of this year, putting the country on track to see a fifth straight record imbalance. Last year's deficit was $716.7 billion. Prior considerations remain apposite in this clearly overvalued market. The frauds on wall street feel compelled to continue their tradition/superstition/fraud tactic of buying on the rumor and selling on the news (fact) of the Fed�s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money.� Yahoo previously commented: Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance....., to which I responded, Wild..... I�ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported and will now join gm in worker buyouts; but both GM and Ford will now offer built-in ipods which should substantially help their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Analyst says GM good news now behind it (past/discounted), yet stock still rose upon said analysis �..riiiiight�.. daaaaah! Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal, maybe even suspension, that has cast a harsh light on Silicon Valley's compensation practices. Don�t forget that GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland lunatic world of wall street is of course good news. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid (approx.) 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it�s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very commissionable (investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $63; yes, as in the last crash, they will get fooled again� as stocks up sharply in the fraudulent alice-in-wonderland lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the pundits/analysts are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley (who also says that in Europe bush�s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the �better than expectations� game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. Spotlight on the Stock Option Scandal-The share prices of companies involved in stock options backdating have held up well compared to the broader market. But shareholders might be in for a rougher ride. Plus, why the Nasdaq has its hands full. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived pearl harbor effect)/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/ and the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what�s up is down and what�s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they�ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin� to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don�t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)

"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006

WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):

The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

(4-16-07) The lunatic frauds on wall street prove they are a joke,� ignore reality regarding, erosion in consumer sentiment and one-year inflation expectations at the highest level in 8 months, rising food and energy costs, Systemic Recession The US is sliding into a long-term economic downturn, ChinaMerica America owned the 20th century, but it won't own the 21^st, Dollar Down, Gold to Soar ...Real Estate Fiz...Recession 2007 ...Catch 22 � Lower interest rates in u.s. would decimate already worthless dollar REALITY COURTESY OF http://www.trendsresearch.com, negative inflation/economic data and continue their backward looking frenzied rally mode despite higher oil prices, unexpected jump in jobless claims, mortgage defaults highest in 37 years, retailers warning that April same-store sales will be weak, and the largest rise in import prices, Citigroup to cut 17000 jobs and earnings down 11% but stock rallies, national mortgage delinquency rate hit an all-time high of 2.87% in Q1, sentiment down, Fed Governor Mishkin saying the current rate of inflation remains too high, and on previous stellar employment report from government ...riiiiight!..., (what about the real $11 TRILLION unfunded social security/medicare unfunded liabilty by acturial/accounting), as previously u.s. auto sector sparks rally...riiiiight!..., despite previously experts acknowledging SEC must crackdown on rampant insider trading on M&A info, both services and manufacturing indices far below expectations, u.s. auto sales down, February existing home sales up but down 8.5% from previous year.....riiiiight!...previously, manufacturing index barely positive and substantially below expectations, producer prices up and above expectations, citing obfuscating mergers, higher oil prices, and a new way to scam the unwary public by unloading their worthless paper on workers through ESOPs, rally into the close building on previous stagflation report of high core rate of inflation, slightly higher spending on lower income, high oil prices and fake upward revision to GDP report (riiiiight! US GDP growth hobbled by stocks of unsold ) still relying on b**l s**t alone, even as Bernanke totally dashes wall street�s previous b.s. story underlying the previous week�s fraudulent up move based on b**l s**t alone and the paper paper chase/commissionable ponzi scheme continues (with borrowed funds) but will unwind/unravel as they always do, Home prices down/worst since '94, defaults up, new home sales unexpectedly down 3.9%.....it�s the weather say the frauds on wall street.....riiiiight!, home inventories up, oil prices up, leading indicators down again, existing home sales unexpectedly up.....right!, even as home inventories up as prices fell, warnings from the tech sector, all no problemo for the frauds on wall street, [fed heads, who�ve been printing worthless dollars like they�re going out of style because they are (so much so that they�ve stopped reporting M3), remove words �additional firming� is excuse for ridiculous mixed close as previously dollar precipitously fell on the news which is catch 22 as same is hyper-inflationary/stagflationary and dollar denominated assets fall in value], home construction unexpectedly up according to government report (riiiiight.....if you believe same.....I don�t) though permits down, lunatic frauds on wall street rally on the news, builder/construction sentiment down again and now below 50% reflecting reality, obfuscating mergers/b.s. to the rescue,� previous CPI (.4), wholesale (1.3 annualized 15.6), and core (.4) inflation rates far exceed expectations as worthless dollar and massive printing thereof and debt come home to roost, unexpected decline on the Philadelphia Fed's manufacturing index/disappointing NY Empire State Index, commissionable ponzi scheme with borrowed (ie., japan, etc.) and suckers� funds continues,� blowout Q1 earnings report from wall street lunatic frauds morgan stanley, goldman sachs (daaaaah!) even as record foreclosure rate and retail sales below expectations, mergers obfuscate dismal picture, retail sales down (they say it�s the weather.....riiiiight.....how about consumer debt at record $2.41 trillion) jobs data from private (as opposed to government) entity below expectations (who would have thunk it!.....riiiiight! But wait; latest government data at expectations and above, revising past data as unemployment rate falls to 4.5%.....and says trade deficit trend changing..... riiiiight!), along with below expectations oil inventories which had spurred oil price rally, while productivity below expectations/wage costs higher and above expectations (very inflationary), no problemo for the lunatic frauds on wall street (what a joke wall street is!) who are maniacal as lunatics suckers short-covering �bear market/higher oil prices/fake economic reports/fed speak rally� (based upon b**l s**t/fake reports even assuming fake growth rate though false, the decline of the fiat currency, the worthless dollar would negate same in real terms) (b.s. contrary to bernanke testimony before congress owing to previous implicit threat of prosecution for false statements)� fueled by b**l s**t alone ridiculously rally into the close to suck the suckers in; ie., as the Dow Jones industrial average up 108.33, S&P up 15.62, and NASDAQ up 26.39, all very commissionable on heavy volume, as in final pre-election result push for bush, which fell very short but has provided the same pump-priming of the market as most recently seen in 1999 which ended quite badly even without the exacerbating effects of huge unsustainable and debilitating debt/deficits deferring/delaying/prolonging the inevitable reality even as entire domestic u.s. industries are rendered what is tantamount to defunct and with corporate welfare unwisely spent (war crimes, etc.). Greenspan Warns of Likely U.S. Recession..... FORECLOSURES AT RECORD PACE, retail sales below expectations. TOP INVESTOR, SOROS' PARTNER, SEES U.S. PROPERTY CRASH 3-16-07 Major Mortgage Lender On Bankruptcy's Doorstep... REIT New Century Financial (NEW 3.21, halted at 0).....Everything is hunky doory says financial propaganda minister/comedian paulson (son of pat paulson?) while Moody�s says at least a 10% correction from fraudulent bubble highs is warranted/appropriate (I believe that to be a modest analytical view). Who would you believe? What do you expect a member of a failed administration to say? What�s changed? Nothing, as the frauds on wall street continue their commissionable ponzi scheme with borrowed (ie., japan, etc.) and suckers� funds.� Real estate experts say the pain/damage will exceed that of prior downturns since the great depression.Bernanke responds to recession prediction with b**l s**t (to his small credit he begrudgingly admits to looming fiscal crisis). Top investor, Soros partner sees property crash: 'You can't believe how bad it's going to get'... Manufacturing activity in u.s. up say fake reports (what, paper/worthless dollars/ securities/packaging for imported goods/parts/components, etc.). �BROKERS AT 'TOP-TIER' FIRMS CHARGED IN INSIDER TRADING SCHEME JUST TIP OF THE ICEBERG. New home sales down 17%.....Durables down over seven percent. Are they going to fudge/falsify the GDP revision? Oil rise on US energy inventory data. Stagflation, fake reports understate fundamental weakness, higher oil prices rally. Housing starts down sharply, as investors, domestic and international, dramatically slow purchase of fiat currency/worthless us/dollar denominated stocks and bonds. Record real estate price slump; industrial production/utilization down. Record home price slump. Retail numbers at best (I don�t believe them for a second) just flat; massive layoffs at Chrysler; more government borrowing to paint false facade. Trade deficit up sharply and new record for all of 2006 - $763 billion (the market last rallied with previous month�s improvement, and rallies with worsening, everything else was typical wall street b**l s**t meaning and based on nothing, ie., m&a, upgrade, etc.). Default rates up again. HSBC Holdings, the world's third largest bank, warned that provisions for bad debt will be some 20% higher than previously thought. SEC launch of insider trading (pervasive on fraudulent wall street) probe just tip of the iceberg. Negative savings rate (highest since great depression), factory output down, home inventories highest since last crash, defaults up, gm and ford sales down 17% and 19%, deficits trade/budget, dollar down and going lower, january jobs data weaker than the consensus estimate and below the average gain of 153,000 per month for all of 2006 and viewed as bearish......but no problemo if you�re a lunatic fraud on wall street. Personal Savings at Lowest Point Since 1933-- Great Depression's low. �Fake economic growth report from the administration. Mergers and acquisitions continue to cloud the picture facilitating the fraud. Having beat fraudulent alice-in-wonderland lunatic world of wall street expectations with Record Loss of $12.7 Billion, the rally in Ford�s stock continues..... riiiiight! Fake numbers also a plus. Ford Posts Record Loss of $12.7 Billion.....stock rallies on the news.....riiiiight! P/E ratios far beyond the mean particularly for this stage in the cycle for selected securities (ie., 80+, etc.). Higher oil prices and fake indicators report spark rally.....riiiiight! Report on leading economic indicators is delayed (very unusual unless you understand the greater complexity in fudging same.....not to worry, fans of frauds on wall street.....the lunatic frauds will also get their churn-and-earn commission dollars on the way down).Fed Chairman Bernanke begins to euphemistically discuss reality on capital hill. PAPER: Condo market in DC, Vegas, Miami and Boston has collapsed... Euro displaces dollar in bond markets...13 charged in Wall Street insider trading ring CNN International Higher oil prices and fake numbers spurs rally. More fake job numbers (at best, hamburger helpers, etc.). Foreclosures Rip Neighborhoods in Denver. Yahoo profit falls 61% but rallies 6% on b**l s**t alone. �Insider-Trading Ring Bust in US Fuels Hedge-Fund Concerns. Jawboning by kohn of print-those-worthless-dollars fed raises market.....riiiiight! The ism services index fell, but that was down from an unexpectedly and fake strong read a month earlier, manufacturing index up slightly to 51.4 (they must be counting hamburgers as manufactured goods in u.s......riiiiight!) but fed knows they�ve been printing worthless dollars like mad which of course is hyperinflationary and will come home to roost, along with huge debt/deficits, trade and budget, Stores Report Disappointing Dec. Sales, Gap Woes Deepen in Bleak Holiday Season. Ford and GM auto sales down 13%. More reports in defiance of reality, oil prices up, Dollar Slides...,every intelligent analyst/economist knows that the new home sales number from the government is a total lie that will be revised downward later, that the options scandals are pervasive in fraudulent america (100 investigations just tip of the iceberg), oil stocks continue to rally on lower oil prices, as previously on pipeline explosion in Nigeria, spill in Gulf, and sanctions for Iran, and sharp FALL in oil prices.....riiiiight!.....predictions of disappointing retail sales even with fire-sale discounted prices,..... Highest increase (2%) in 30 years for the wholesale price index, and as well, the core ppi (1.3%), GDP growth less than expected at 2%, dollar sharply lower, oil prices up, building permits down, all unexpectedly bad but great news in the fraudulent alice-in-wonderland lunatic world of wall street. New Record Quarterly Trade Deficit initially spurred lunatic market rally along with obfuscating but very commissionable merger activity. Core inflation a very unexpected unchanged .....riiiiight!.....spurs superstitious, devoid of reality, santa rally.� Investment Banks Post Record 2006 Profit .....daaaaah! Churning and earning on worthless paper, where is that commission dollar coming from even as america has ceded solvency/leadership in every economic measure. Even at the lofty record numbers the indices are worth roughly half their value based on precipitous fall of the dollar in only 5 years with further downside to go. Superstitious �Santa Claus rally�.....riiiiight! High oil price rally.....riiiiight!� Total� bulls**t ! Retail sales up a very unexpected 1%, riiiiight, at the same time inventories of such goods rising substantially (do you think they�re booking sales to �straw men/companies�.....I do!) and oil inventories down. Fake employment numbers (from the government.....riiiiight!) the impetus for previous b.s. rally despite falling sentiment and uptick in unemployment. The ism services index (financed by unsustainable deficit/debt spending and pushing/commissioning worthless paper) and jawboning/bulls**t from the housing industry (the end is near.....riiiiight!), obfuscating mergers continued to cloud the picture, closely-watched core-PCE deflator had risen a more than expected 0.2%, second sub-50 reading on manufacturing activity in as many sessions-the November ISM index unexpectedly fell to 49.5 (consensus 52.0), Chicago PMI fell to its lowest level (49.9%) in October, and below the 50 level, indicating contraction, crude prices up� (OIL PRICES RISE ABOVE $63 A BARREL...), DOLLAR RESUMES SLIDE, Fed Chairman Bernanke & Co. cheerleading/jawboning/bulls**t, 3.2% decline in new home sales, oil inventories down and oil prices up, oil producers shun the dollar, Russia and Opec shift revenues into euros, yen and sterling..., all very bad news anywhere but in the fraudulent alice-in-wonderland world of wall street. Durable goods orders fell sharply, sentiment down, but supposedly used home sales rose slightly (riiiiight.....who says; the realtors/government who have been talking up this bubble market?) albeit at sharply lower prices. DOLLAR PLUNGES TO NEAR 15-YEAR LOW� In other words, no good news to justify the ridiculous up move by the alice-in-wonderland frauds of wall street. Worthless dollar, triple deficits, stock/options scandals/corruption, as some speculate that fed is behind purchases/manipulation (through proxy) of worthless american paper now being shunned by more rational market players abroad.� MARKETS ROCKED BY LONG OVERDUE BUT STILL MODEST RELATIVE TO REALITY SHARP SLIDE IN DOLLAR...There has never been a time since 1929 when stock prices and p/e ratios were so irrationally high for this point in a bull cycle in this indisputable secular bear market, particularly with the existing unprecedented structural economic problems, ie., trade and budget deficits, worthless dollar, scandals, fraud, corruption , etc.. In fact, unemployment unexpectedly rose substantially and consumer sentiment unexpectedly but similarly realistically fell, both very negative exept in the� fraudulent alice-in-wonderland world of wall street. Indeed, the housing bubble bursting with ie., unexpected 14% decline in starts/permits, etc., led to rally in the fraudulent alice-in-wonderland world of wall street. Obfuscating mergers help preclude detection of this massive and pervasive fraud which defies analysis owing to these mergers. New talking pointing: dell numbers exceed expectations depending upon ongoing government scrutiny of their accounting practices.....riiiiight! More contrived manipulated markets and data well as that previous unexpected rise in that global hub of manufacturing activity, New York (worthless paper is their real product, etc.) �..riiiiight!�.. underpins fraudulent up move. Reassuring Fed speak, also known as b**l s**t, along with IPO�s (get the suckers in at the highs as in late 90�s market bubble), and shrugging off pervasive stock/options fraud as at, ie., KB Homes, etc., leave stocks ridiculously higher. Nations leaving the worthless dollar in droves for currencies backed by value and for precious metals. Based on the self-interested statement of typical fraud american and fed rep, we hear once again the wishful thought that housing has bottomed.....right! [Reality/Truth: US housing slump deepens, spreads]. Home depot rallies despite lower than expected results and lower guidance for the year.....right! Who is stupid enough to believe anything the fraudulent criminal americans say. They are printing worthless dollars like mad. Consumer sentiment actually previously fell and there was nothing but wall street lunacy to prop the fraudulent market. The republicans who lockstepped with war criminal dumbya bush deserved to lose. The frauds on wall street now looking for the new corporate welfare program for which to sell the sizzle ie., stem cells, etc.. The know-nothing pundits are now saying the up move without any rational basis is predicated upon the the falsity that gridlock in washington is welcomed and good because no regulation of, ie., fraud on wall street, etc., can be passed. How about a tax on stock trades to come directly from the traders' (traitors/frauds) bottom lines and provide a disincentive for the churn-and-earn fraud which is tantamount to a wasteful tax on the economy. Even token Christian paulison from jew fraud wall street couldn't stem the tide against the blatent zionist/neocon/bush co failure accross the board as the wall street frauds show record profits financed, albeit indirectly, by huge deficits, both trade and budget. Obfuscating mergers blur the picture to provide cover for up move talking points in defiance of reality.� Stagflation and full employment revisions pre-election.....riiiiight. Productivity comes in at a less than expected 0 (inflationary). The only surprise should have been that the number wasn't negative. The pundits are now saying that the market/wall street fraud is in a state of denial regarding economic fundamentals and that the market is substantially overbought, overvalued, overfrauded, over, etc., the manufacturing index coming in lower than expectations. Consumer sentiment unexpectedly fell.....daaaaah. Pre-election core inflation rate report good �..riiiiight�..but savings rate still negative and walmart sales/profits/outlook substantially below expectations but what the heck, they�re wallstreet lunatics/frauds and reality is no problem. Despite pre-election deficit spending, GNP comes in a less than expected paltry 1.6% increase with worthless falling dollar the catch-22 precluding reality avoidance and the worst yet to come. More nations leaving the worthless dollar as reserve currency even as frauds on wall street reach new highs (What are they smoking? Coking? or like the dollar just cracking) based on corporate welfare flows with money the nation doesn't have pre-election (record deficits). Housing prices continue their sharp decline as bubble deflates. GM only lost 115 million. Ford lost 5.8 billion and must restate earnings back to year 2000 is a bullish sign in the fraudulent alice-in-wonderland lunatic world of wall street. Typical pre-fed meeting rally to provide a cushion for any negative pronouncements which reality would require but are seldom forthcoming by the accommodative frauds who have similarly embraced unreality. Indeed, the gutless wimps of wall street think they're "tough" when they fraudulently take the market higher despite a clearly contrary fact based reality. Caterpillar relates the pervasive reality and the frauds on wallstreet intimidate same with sell off, ignoring pervasive options scandal/fraud and rallies Merck despite lower than expectation results.....riiiiight! Election year corporate welfare to prime the pump and the mock stock market with money the nation doesn�t have (increasing already huge deficits). CPI figures (upon which government inflation adjusted payment obligations are based) lower than expected�..riiiiight! Intel earnings/revenues down sharply but according to the lunatic frauds on wall street, beat expectations and stock rallies along with yahoo which as in the pre-dot com bust days says better days are a coming�.. riiiiight Core inflation rate which is closely watched by the Fed exceeds all expectations. Fraud Merrill Lynch has really been pushing and commissioning that worthless paper and reports record earnings, despite having produced nothing and for very little if any value added (that ill-gotten money has to come from somewhere-your pockets?). The big economic report awaiting scrutiny was the monthly trade deficit which was expected to narrow but in fact INCREASED to 69.9 billion. The alice-in-wonderland lunatic wall street frauds rallied on the news as the dollar precipitously fell. The Fed Chairman said there is a "substantial correction" in housing, which will probably shave about 1% off growth in the second half of the year. The Institute of Supply Management said its services index fell to 52.9 in September -- the lowest level since April 2003. Great News�.. riiiiight!..... Consumer Confidence Higher Than Expected... riiiiight!..... and housing starts were down sharply but not-as-bad-as-expectations game in play US Existing Home Sales Fall 0.5% in August; Sales Price Drops Existing-home prices fall for 1st time in 11 years along with fed jaw-boning pre-election that inflation has been licked .....riiiiight �..despite printing worthless dollars like they�re going out of style because they really are! Fed did nothing and stocks rallied, pre-election.....riiiiight! What about the reality of u.s. debt service at a record unsustainable $2 billion per day on a revolving $2 trillion charge account with ie., China, etc.. The fact that foreclosures are up and that there is projected new trade deficit record, fake government inflation numbers for election year purposes, housing starts down 6% means little to the alice-in-wonderland lunatic frauds of wall street and the so-called pundits including yahoo below. Almost all computerized volume is and must be considered heavy, manipulated, economically wasteful volume [stocks move contrary to rational analytical facts (ie., exceeded lowered expectations, things so bad interest rates can�t rise, exceeded expectations, no earnings but outlook extraordinary, the fed says booo as they print more worthless dollars to finance deficits, etc. ) is money in the bank for the frauds on wall street when they unwind said irrational positions ]. Philadelphia Federal Reserve announces that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, leading economic indicators fall .2%, and previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows with b**l s**t from Yahoo (which didn�t even reference the record unanticipated trade gap):

Restructuring Cuts Citi's 1Q Profit
AP - Despite strong growth in revenue, profit at Citigroup Inc. fell 11 percent in the first quarter as the nation's largest financial institution took a charge to cover a massive restructuring aimed at improving earnings.

�� Stocks rallied Monday as investors applauded a batch of better-than-expected earnings, some M&A activity and encouraging economic data. With the S&P 500 finishing Friday above its closing price the day before the global sell-off on February 27, broad-based gains helped the Dow and Nasdaq follow suit. All 10 economic sectors closed in positive territory.With the market exhibiting a fair amount of optimism heading into what is still widely expected to be an uninspiring first quarter of earnings, the majority of reports this morning checking in better than expected offered some validation behind recent market gains. The Dow, S&P 500 and Nasdaq had climbed 2.4% on average over the last two weeks amid heightened expectations the first quarter won't be as bad as initially thought. Today's gains now leave all three indices up about 3.4% on average during the month of April alone.Citigroup (C 52.86 +1.26) beating Wall Street expectations topped today's list of earnings surprises, especially with so much nervousness surrounding financial stocks. The sector remains this year's biggest disappointment amid concerns stemming from a liquidity crisis and global recession to fears about subprime lending woes spilling over into the broader economy; but today's 2.1% advance helped erase most of its 2.9% year-to-date decline. That point aside, Briefing.com recently lowered its rating for the sector to Underweight.Fremont General (FMT 8.85 +1.80) finding a buyer for $2.9 bln in subprime loans provided additional relief, especially in the struggling Thrifts & Mortgage (+3.2%) space. Diversified Banks (+2.0%) was another bright spot after Wachovia (WB 55.14 +1.14) posted a 33% rise in Q1 profits and reminded shareholders it has a "very low amount" of subprime mortgages.More evidence of ample liquidity to help support the stock market also provided some reassurance about current valuations and made beaten-down Investment Banks & Brokers more attractive. SLM Corp (SLM 55.37 +8.61) confirmed it will be taken private for roughly $25 bln, a proposal that was better than the rumored $20 bln price tag that vaulted SLM shares 15% on Friday. Today's 18.4% surge in SLM shares earmarked Consumer Finance (+4.6%) as the day's second best performing S&P industry group.More M&A news, which is typical for a Monday morning, came from Google (GOOG 474.27 +7.98). The stock's 1.7% surge following reports that it will pay $3.1 bln for DoubleClick provided a big boost to the Tech sector. Health Care was another influential sector gaining ground Monday. Drug stocks got a lift after Eli Lilly (LLY 58.37 +1.49) followed up its solid Q1 earnings report by raising its full-year outlook. Boston Scientific (BSX 15.97 +0.96) soaring 6.4% after saying the FDA has lifted restrictions on its St. Paul plant provided additional sector support.On the economic front, March retail sales and sales, ex-autos, checked in better than expected while an upward revision to February sales provided further proof that consumer spending remains on track. With the market increasingly concerned about the pace of economic growth, especially in manufacturing, the April NY Empire State Index rebounding from its lowest level since May 2005 was also noteworthy. BTK +0.7% DJ30 +108.33 DJTA +1.4% DJUA +0.5% DOT +1.1% NASDAQ +26.39 NQ100 +0.9% R2K +1.4% SOX +0.3% SP400 +1.1% SP500 +15.62 NASDAQ Dec/Adv/Vol 875/2180/1.75 bln NYSE Dec/Adv/Vol 915/2353/1.42 bln

There is nothing to rationally justify the previous up move or mixed results in the market other than what is tantamount to a negative, and based upon spurious data from the government; ie., fake government numbers said total PPI rose a smaller than expected 0.1% (consensus 0.4%) in July, which was well below the 0.5% jump in June, while the more closely watched core rate (ex-food and energy) unexpectedly (RIIIIIGHT!) fell 0.3% (consensus +0.2%) -- the first decline since October and the largest drop since a 0.5% decline in April 2003. Home Sales Decline in 28 States, D.C.. Real estate prices down/stagnant. But housing stocks�..up.....riiiiight!.....in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down.� Martin Crutsinger, AP Economics Writer, previously wrote,� U.S. Trade Deficit Falls 0.3 Percent in June to $64.8B, Offsetting Jump in Chinese Imports. Dell Recall Stems From sony Production Flaw� WASHINGTON (AP) -- America's trade deficit showed a slight improvement as strong global growth pushed U.S. exports to a record level. That helped offset a surge in Chinese imports and record crude oil prices. The deficit declined 0.3 percent in June, compared with May, dropping to $64.8 billion, still the fifth largest imbalance on record, the Commerce Department reported Thursday. The deficit is running at an annual rate of $768 billion through the first six months of this year, putting the country on track to see a fifth straight record imbalance. Last year's deficit was $716.7 billion. Prior considerations remain apposite in this clearly overvalued market. The frauds on wall street feel compelled to continue their tradition/superstition/fraud tactic of buying on the rumor and selling on the news (fact) of the Fed�s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money.� Yahoo previously commented: Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance....., to which I responded, Wild..... I�ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported and will now join gm in worker buyouts; but both GM and Ford will now offer built-in ipods which should substantially help their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Analyst says GM good news now behind it (past/discounted), yet stock still rose upon said analysis �..riiiiight�.. daaaaah! Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal, maybe even suspension, that has cast a harsh light on Silicon Valley's compensation practices. Don�t forget that GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland lunatic world of wall street is of course good news. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid (approx.) 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it�s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very commissionable (investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $63; yes, as in the last crash, they will get fooled again� as stocks up sharply in the fraudulent alice-in-wonderland lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the pundits/analysts are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley (who also says that in Europe bush�s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the �better than expectations� game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. Spotlight on the Stock Option Scandal-The share prices of companies involved in stock options backdating have held up well compared to the broader market. But shareholders might be in for a rougher ride. Plus, why the Nasdaq has its hands full. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived pearl harbor effect)/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/ and the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what�s up is down and what�s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they�ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin� to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don�t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)

"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006

WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):

The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

(4-13-07) The lunatic frauds on wall street ignore reality regarding, erosion in consumer sentiment and one-year inflation expectations at the highest level in 8 months, rising food and energy costs, Systemic Recession The US is sliding into a long-term economic downturn, ChinaMerica America owned the 20th century, but it won't own the 21^st, Dollar Down, Gold to Soar ...Real Estate Fiz...Recession 2007 ...Catch 22 � Lower interest rates in u.s. would decimate already worthless dollar REALITY COURTESY OF http://www.trendsresearch.com, negative inflation/economic data and continue their backward looking frenzied rally mode despite higher oil prices, unexpected jump in jobless claims, mortgage defaults highest in 37 years, retailers warning that April same-store sales will be weak, and the largest rise in import prices, Citigroup to cut 17000 jobs, national mortgage delinquency rate hit an all-time high of 2.87% in Q1, sentiment down, Fed Governor Mishkin saying the current rate of inflation remains too high, and on previous stellar employment report from government ...riiiiight!..., (what about the real $11 TRILLION unfunded social security/medicare unfunded liabilty by acturial/accounting), as previously u.s. auto sector sparks rally...riiiiight!..., despite previously experts acknowledging SEC must crackdown on rampant insider trading on M&A info, both services and manufacturing indices far below expectations, u.s. auto sales down, February existing home sales up but down 8.5% from previous year.....riiiiight!...previously, manufacturing index barely positive and substantially below expectations, producer prices up and above expectations, citing obfuscating mergers, higher oil prices, and a new way to scam the unwary public by unloading their worthless paper on workers through ESOPs, rally into the close building on previous stagflation report of high core rate of inflation, slightly higher spending on lower income, high oil prices and fake upward revision to GDP report (riiiiight! US GDP growth hobbled by stocks of unsold ) still relying on b**l s**t alone, even as Bernanke totally dashes wall street�s previous b.s. story underlying the previous week�s fraudulent up move based on b**l s**t alone and the paper paper chase/commissionable ponzi scheme continues (with borrowed funds) but will unwind/unravel as they always do, Home prices down/worst since '94, defaults up, new home sales unexpectedly down 3.9%.....it�s the weather say the frauds on wall street.....riiiiight!, home inventories up, oil prices up, leading indicators down again, existing home sales unexpectedly up.....right!, even as home inventories up as prices fell, warnings from the tech sector, all no problemo for the frauds on wall street, [fed heads, who�ve been printing worthless dollars like they�re going out of style because they are (so much so that they�ve stopped reporting M3), remove words �additional firming� is excuse for ridiculous mixed close as previously dollar precipitously fell on the news which is catch 22 as same is hyper-inflationary/stagflationary and dollar denominated assets fall in value], home construction unexpectedly up according to government report (riiiiight.....if you believe same.....I don�t) though permits down, lunatic frauds on wall street rally on the news, builder/construction sentiment down again and now below 50% reflecting reality, obfuscating mergers/b.s. to the rescue,� previous CPI (.4), wholesale (1.3 annualized 15.6), and core (.4) inflation rates far exceed expectations as worthless dollar and massive printing thereof and debt come home to roost, unexpected decline on the Philadelphia Fed's manufacturing index/disappointing NY Empire State Index, commissionable ponzi scheme with borrowed (ie., japan, etc.) and suckers� funds continues,� blowout Q1 earnings report from wall street lunatic frauds morgan stanley, goldman sachs (daaaaah!) even as record foreclosure rate and retail sales below expectations, mergers obfuscate dismal picture, retail sales down (they say it�s the weather.....riiiiight.....how about consumer debt at record $2.41 trillion) jobs data from private (as opposed to government) entity below expectations (who would have thunk it!.....riiiiight! But wait; latest government data at expectations and above, revising past data as unemployment rate falls to 4.5%.....and says trade deficit trend changing..... riiiiight!), along with below expectations oil inventories which had spurred oil price rally, while productivity below expectations/wage costs higher and above expectations (very inflationary), no problemo for the lunatic frauds on wall street (what a joke wall street is!) who are maniacal as lunatics suckers short-covering �bear market/higher oil prices/fake economic reports/fed speak rally� (based upon b**l s**t/fake reports even assuming fake growth rate though false, the decline of the fiat currency, the worthless dollar would negate same in real terms) (b.s. contrary to bernanke testimony before congress owing to previous implicit threat of prosecution for false statements)� fueled by b**l s**t alone ridiculously rally into the close to suck the suckers in; ie., as the Dow Jones industrial average up 59.17, S&P up 5.05, and NASDAQ up 11.62, all very commissionable on heavy volume, as in final pre-election result push for bush, which fell very short but has provided the same pump-priming of the market as most recently seen in 1999 which ended quite badly even without the exacerbating effects of huge unsustainable and debilitating debt/deficits deferring/delaying/prolonging the inevitable reality even as entire domestic u.s. industries are rendered what is tantamount to defunct and with corporate welfare unwisely spent (war crimes, etc.). Greenspan Warns of Likely U.S. Recession..... FORECLOSURES AT RECORD PACE, retail sales below expectations. TOP INVESTOR, SOROS' PARTNER, SEES U.S. PROPERTY CRASH 3-16-07 Major Mortgage Lender On Bankruptcy's Doorstep... REIT New Century Financial (NEW 3.21, halted at 0).....Everything is hunky doory says financial propaganda minister/comedian paulson (son of pat paulson?) while Moody�s says at least a 10% correction from fraudulent bubble highs is warranted/appropriate (I believe that to be a modest analytical view). Who would you believe? What do you expect a member of a failed administration to say? What�s changed? Nothing, as the frauds on wall street continue their commissionable ponzi scheme with borrowed (ie., japan, etc.) and suckers� funds.� Real estate experts say the pain/damage will exceed that of prior downturns since the great depression.Bernanke responds to recession prediction with b**l s**t (to his small credit he begrudgingly admits to looming fiscal crisis). Top investor, Soros partner sees property crash: 'You can't believe how bad it's going to get'... Manufacturing activity in u.s. up say fake reports (what, paper/worthless dollars/ securities/packaging for imported goods/parts/components, etc.). �BROKERS AT 'TOP-TIER' FIRMS CHARGED IN INSIDER TRADING SCHEME JUST TIP OF THE ICEBERG. New home sales down 17%.....Durables down over seven percent. Are they going to fudge/falsify the GDP revision? Oil rise on US energy inventory data. Stagflation, fake reports understate fundamental weakness, higher oil prices rally. Housing starts down sharply, as investors, domestic and international, dramatically slow purchase of fiat currency/worthless us/dollar denominated stocks and bonds. Record real estate price slump; industrial production/utilization down. Record home price slump. Retail numbers at best (I don�t believe them for a second) just flat; massive layoffs at Chrysler; more government borrowing to paint false facade. Trade deficit up sharply and new record for all of 2006 - $763 billion (the market last rallied with previous month�s improvement, and rallies with worsening, everything else was typical wall street b**l s**t meaning and based on nothing, ie., m&a, upgrade, etc.). Default rates up again. HSBC Holdings, the world's third largest bank, warned that provisions for bad debt will be some 20% higher than previously thought. SEC launch of insider trading (pervasive on fraudulent wall street) probe just tip of the iceberg. Negative savings rate (highest since great depression), factory output down, home inventories highest since last crash, defaults up, gm and ford sales down 17% and 19%, deficits trade/budget, dollar down and going lower, january jobs data weaker than the consensus estimate and below the average gain of 153,000 per month for all of 2006 and viewed as bearish......but no problemo if you�re a lunatic fraud on wall street. Personal Savings at Lowest Point Since 1933-- Great Depression's low. �Fake economic growth report from the administration. Mergers and acquisitions continue to cloud the picture facilitating the fraud. Having beat fraudulent alice-in-wonderland lunatic world of wall street expectations with Record Loss of $12.7 Billion, the rally in Ford�s stock continues..... riiiiight! Fake numbers also a plus. Ford Posts Record Loss of $12.7 Billion.....stock rallies on the news.....riiiiight! P/E ratios far beyond the mean particularly for this stage in the cycle for selected securities (ie., 80+, etc.). Higher oil prices and fake indicators report spark rally.....riiiiight! Report on leading economic indicators is delayed (very unusual unless you understand the greater complexity in fudging same.....not to worry, fans of frauds on wall street.....the lunatic frauds will also get their churn-and-earn commission dollars on the way down).Fed Chairman Bernanke begins to euphemistically discuss reality on capital hill. PAPER: Condo market in DC, Vegas, Miami and Boston has collapsed... Euro displaces dollar in bond markets...13 charged in Wall Street insider trading ring CNN International Higher oil prices and fake numbers spurs rally. More fake job numbers (at best, hamburger helpers, etc.). Foreclosures Rip Neighborhoods in Denver. Yahoo profit falls 61% but rallies 6% on b**l s**t alone. �Insider-Trading Ring Bust in US Fuels Hedge-Fund Concerns. Jawboning by kohn of print-those-worthless-dollars fed raises market.....riiiiight! The ism services index fell, but that was down from an unexpectedly and fake strong read a month earlier, manufacturing index up slightly to 51.4 (they must be counting hamburgers as manufactured goods in u.s......riiiiight!) but fed knows they�ve been printing worthless dollars like mad which of course is hyperinflationary and will come home to roost, along with huge debt/deficits, trade and budget, Stores Report Disappointing Dec. Sales, Gap Woes Deepen in Bleak Holiday Season. Ford and GM auto sales down 13%. More reports in defiance of reality, oil prices up, Dollar Slides...,every intelligent analyst/economist knows that the new home sales number from the government is a total lie that will be revised downward later, that the options scandals are pervasive in fraudulent america (100 investigations just tip of the iceberg), oil stocks continue to rally on lower oil prices, as previously on pipeline explosion in Nigeria, spill in Gulf, and sanctions for Iran, and sharp FALL in oil prices.....riiiiight!.....predictions of disappointing retail sales even with fire-sale discounted prices,..... Highest increase (2%) in 30 years for the wholesale price index, and as well, the core ppi (1.3%), GDP growth less than expected at 2%, dollar sharply lower, oil prices up, building permits down, all unexpectedly bad but great news in the fraudulent alice-in-wonderland lunatic world of wall street. New Record Quarterly Trade Deficit initially spurred lunatic market rally along with obfuscating but very commissionable merger activity. Core inflation a very unexpected unchanged .....riiiiight!.....spurs superstitious, devoid of reality, santa rally.� Investment Banks Post Record 2006 Profit .....daaaaah! Churning and earning on worthless paper, where is that commission dollar coming from even as america has ceded solvency/leadership in every economic measure. Even at the lofty record numbers the indices are worth roughly half their value based on precipitous fall of the dollar in only 5 years with further downside to go. Superstitious �Santa Claus rally�.....riiiiight! High oil price rally.....riiiiight!� Total� bulls**t ! Retail sales up a very unexpected 1%, riiiiight, at the same time inventories of such goods rising substantially (do you think they�re booking sales to �straw men/companies�.....I do!) and oil inventories down. Fake employment numbers (from the government.....riiiiight!) the impetus for previous b.s. rally despite falling sentiment and uptick in unemployment. The ism services index (financed by unsustainable deficit/debt spending and pushing/commissioning worthless paper) and jawboning/bulls**t from the housing industry (the end is near.....riiiiight!), obfuscating mergers continued to cloud the picture, closely-watched core-PCE deflator had risen a more than expected 0.2%, second sub-50 reading on manufacturing activity in as many sessions-the November ISM index unexpectedly fell to 49.5 (consensus 52.0), Chicago PMI fell to its lowest level (49.9%) in October, and below the 50 level, indicating contraction, crude prices up� (OIL PRICES RISE ABOVE $63 A BARREL...), DOLLAR RESUMES SLIDE, Fed Chairman Bernanke & Co. cheerleading/jawboning/bulls**t, 3.2% decline in new home sales, oil inventories down and oil prices up, oil producers shun the dollar, Russia and Opec shift revenues into euros, yen and sterling..., all very bad news anywhere but in the fraudulent alice-in-wonderland world of wall street. Durable goods orders fell sharply, sentiment down, but supposedly used home sales rose slightly (riiiiight.....who says; the realtors/government who have been talking up this bubble market?) albeit at sharply lower prices. DOLLAR PLUNGES TO NEAR 15-YEAR LOW� In other words, no good news to justify the ridiculous up move by the alice-in-wonderland frauds of wall street. Worthless dollar, triple deficits, stock/options scandals/corruption, as some speculate that fed is behind purchases/manipulation (through proxy) of worthless american paper now being shunned by more rational market players abroad.� MARKETS ROCKED BY LONG OVERDUE BUT STILL MODEST RELATIVE TO REALITY SHARP SLIDE IN DOLLAR...There has never been a time since 1929 when stock prices and p/e ratios were so irrationally high for this point in a bull cycle in this indisputable secular bear market, particularly with the existing unprecedented structural economic problems, ie., trade and budget deficits, worthless dollar, scandals, fraud, corruption , etc.. In fact, unemployment unexpectedly rose substantially and consumer sentiment unexpectedly but similarly realistically fell, both very negative exept in the� fraudulent alice-in-wonderland world of wall street. Indeed, the housing bubble bursting with ie., unexpected 14% decline in starts/permits, etc., led to rally in the fraudulent alice-in-wonderland world of wall street. Obfuscating mergers help preclude detection of this massive and pervasive fraud which defies analysis owing to these mergers. New talking pointing: dell numbers exceed expectations depending upon ongoing government scrutiny of their accounting practices.....riiiiight! More contrived manipulated markets and data well as that previous unexpected rise in that global hub of manufacturing activity, New York (worthless paper is their real product, etc.) �..riiiiight!�.. underpins fraudulent up move. Reassuring Fed speak, also known as b**l s**t, along with IPO�s (get the suckers in at the highs as in late 90�s market bubble), and shrugging off pervasive stock/options fraud as at, ie., KB Homes, etc., leave stocks ridiculously higher. Nations leaving the worthless dollar in droves for currencies backed by value and for precious metals. Based on the self-interested statement of typical fraud american and fed rep, we hear once again the wishful thought that housing has bottomed.....right! [Reality/Truth: US housing slump deepens, spreads]. Home depot rallies despite lower than expected results and lower guidance for the year.....right! Who is stupid enough to believe anything the fraudulent criminal americans say. They are printing worthless dollars like mad. Consumer sentiment actually previously fell and there was nothing but wall street lunacy to prop the fraudulent market. The republicans who lockstepped with war criminal dumbya bush deserved to lose. The frauds on wall street now looking for the new corporate welfare program for which to sell the sizzle ie., stem cells, etc.. The know-nothing pundits are now saying the up move without any rational basis is predicated upon the the falsity that gridlock in washington is welcomed and good because no regulation of, ie., fraud on wall street, etc., can be passed. How about a tax on stock trades to come directly from the traders' (traitors/frauds) bottom lines and provide a disincentive for the churn-and-earn fraud which is tantamount to a wasteful tax on the economy. Even token Christian paulison from jew fraud wall street couldn't stem the tide against the blatent zionist/neocon/bush co failure accross the board as the wall street frauds show record profits financed, albeit indirectly, by huge deficits, both trade and budget. Obfuscating mergers blur the picture to provide cover for up move talking points in defiance of reality.� Stagflation and full employment revisions pre-election.....riiiiight. Productivity comes in at a less than expected 0 (inflationary). The only surprise should have been that the number wasn't negative. The pundits are now saying that the market/wall street fraud is in a state of denial regarding economic fundamentals and that the market is substantially overbought, overvalued, overfrauded, over, etc., the manufacturing index coming in lower than expectations. Consumer sentiment unexpectedly fell.....daaaaah. Pre-election core inflation rate report good �..riiiiight�..but savings rate still negative and walmart sales/profits/outlook substantially below expectations but what the heck, they�re wallstreet lunatics/frauds and reality is no problem. Despite pre-election deficit spending, GNP comes in a less than expected paltry 1.6% increase with worthless falling dollar the catch-22 precluding reality avoidance and the worst yet to come. More nations leaving the worthless dollar as reserve currency even as frauds on wall street reach new highs (What are they smoking? Coking? or like the dollar just cracking) based on corporate welfare flows with money the nation doesn't have pre-election (record deficits). Housing prices continue their sharp decline as bubble deflates. GM only lost 115 million. Ford lost 5.8 billion and must restate earnings back to year 2000 is a bullish sign in the fraudulent alice-in-wonderland lunatic world of wall street. Typical pre-fed meeting rally to provide a cushion for any negative pronouncements which reality would require but are seldom forthcoming by the accommodative frauds who have similarly embraced unreality. Indeed, the gutless wimps of wall street think they're "tough" when they fraudulently take the market higher despite a clearly contrary fact based reality. Caterpillar relates the pervasive reality and the frauds on wallstreet intimidate same with sell off, ignoring pervasive options scandal/fraud and rallies Merck despite lower than expectation results.....riiiiight! Election year corporate welfare to prime the pump and the mock stock market with money the nation doesn�t have (increasing already huge deficits). CPI figures (upon which government inflation adjusted payment obligations are based) lower than expected�..riiiiight! Intel earnings/revenues down sharply but according to the lunatic frauds on wall street, beat expectations and stock rallies along with yahoo which as in the pre-dot com bust days says better days are a coming�.. riiiiight Core inflation rate which is closely watched by the Fed exceeds all expectations. Fraud Merrill Lynch has really been pushing and commissioning that worthless paper and reports record earnings, despite having produced nothing and for very little if any value added (that ill-gotten money has to come from somewhere-your pockets?). The big economic report awaiting scrutiny was the monthly trade deficit which was expected to narrow but in fact INCREASED to 69.9 billion. The alice-in-wonderland lunatic wall street frauds rallied on the news as the dollar precipitously fell. The Fed Chairman said there is a "substantial correction" in housing, which will probably shave about 1% off growth in the second half of the year. The Institute of Supply Management said its services index fell to 52.9 in September -- the lowest level since April 2003. Great News�.. riiiiight!..... Consumer Confidence Higher Than Expected... riiiiight!..... and housing starts were down sharply but not-as-bad-as-expectations game in play US Existing Home Sales Fall 0.5% in August; Sales Price Drops Existing-home prices fall for 1st time in 11 years along with fed jaw-boning pre-election that inflation has been licked .....riiiiight �..despite printing worthless dollars like they�re going out of style because they really are! Fed did nothing and stocks rallied, pre-election.....riiiiight! What about the reality of u.s. debt service at a record unsustainable $2 billion per day on a revolving $2 trillion charge account with ie., China, etc.. The fact that foreclosures are up and that there is projected new trade deficit record, fake government inflation numbers for election year purposes, housing starts down 6% means little to the alice-in-wonderland lunatic frauds of wall street and the so-called pundits including yahoo below. Almost all computerized volume is and must be considered heavy, manipulated, economically wasteful volume [stocks move contrary to rational analytical facts (ie., exceeded lowered expectations, things so bad interest rates can�t rise, exceeded expectations, no earnings but outlook extraordinary, the fed says booo as they print more worthless dollars to finance deficits, etc. ) is money in the bank for the frauds on wall street when they unwind said irrational positions ]. Philadelphia Federal Reserve announces that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, leading economic indicators fall .2%, and previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows with b**l s**t from Yahoo (which didn�t even reference the record unanticipated trade gap):

Google to Acquire DoubleClick for $3.1B
AP - Seeking to expand its already well-honed ability to sell targeted Internet advertisements, online search leader Google Inc. said it has agreed to pay $3.1 billion in cash to acquire ad-management technology company DoubleClick Inc.

�� The major averages closed modestly higher Friday as some upbeat corporate news eventually helped investors look past mixed economic data.With the Fed recently increasing its attention on raw material prices as the chief influence on inflation, the market's early focus was on the March PPI report. Core PPI in March checking in unchanged was initially comforting; but the soft number, coupled with rising food and energy costs, did not exactly signal that inflation is back under control.Another report showing erosion in consumer sentiment and that one-year inflation expectations are at the highest level in eight months also sidelined the bulls in early action.Be that as it may, investors gradually embraced leadership in two of the S&P 500's most heavily-weighted sectors -- Financials and Health Care. The latter got a huge boost from Merck (MRK 50.20 +3.84), which opened up 6% at a three-year high after upside Q1 and FY07 EPS guidance prompted an upgrade from Goldman Sachs. By far today's best performing Dow component (+8.3%), Merck accounted for more than half of the Dow's 59-point advance.Financials garnered some early interest following reports that SLM Corp. (SLM 46.76 +6.01) could be taken private in a deal worth $30 bln, including debt. ABN AMRO (ABN 48.28 +2.49) confirming receipt of a joint letter from three potential acquirers late in the day gave the sector an added lift.It wasn't until news out of Cisco Systems (CSCO 26.65 +0.68) late in the session, though, that helped the Nasdaq finally break out of its intraday funk. After trading down as much as 1.2% in early trading, Cisco spiked more than 3.0% after its Chief Development Officer said the company is at the "high end" of sales forecasts and is in the "early phases" of an upgrade cycle.The news gave the market a late-day lift, especially among tech companies reeling from a handful of warnings that have placed the sector's growth prospects under scrutiny of late. Technology bounced 1.1% from its intraday lows. DJ30 +59.17 NASDAQ +11.62 SP500 +5.05 NASDAQ Dec/Adv/Vol 1119/1902/1.86 bln NYSE Dec/Adv/Vol 1306/1940/1.32 bln

There is nothing to rationally justify the previous up move or mixed results in the market other than what is tantamount to a negative, and based upon spurious data from the government; ie., fake government numbers said total PPI rose a smaller than expected 0.1% (consensus 0.4%) in July, which was well below the 0.5% jump in June, while the more closely watched core rate (ex-food and energy) unexpectedly (RIIIIIGHT!) fell 0.3% (consensus +0.2%) -- the first decline since October and the largest drop since a 0.5% decline in April 2003. Home Sales Decline in 28 States, D.C.. Real estate prices down/stagnant. But housing stocks�..up.....riiiiight!.....in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down.� Martin Crutsinger, AP Economics Writer, previously wrote,� U.S. Trade Deficit Falls 0.3 Percent in June to $64.8B, Offsetting Jump in Chinese Imports. Dell Recall Stems From sony Production Flaw� WASHINGTON (AP) -- America's trade deficit showed a slight improvement as strong global growth pushed U.S. exports to a record level. That helped offset a surge in Chinese imports and record crude oil prices. The deficit declined 0.3 percent in June, compared with May, dropping to $64.8 billion, still the fifth largest imbalance on record, the Commerce Department reported Thursday. The deficit is running at an annual rate of $768 billion through the first six months of this year, putting the country on track to see a fifth straight record imbalance. Last year's deficit was $716.7 billion. Prior considerations remain apposite in this clearly overvalued market. The frauds on wall street feel compelled to continue their tradition/superstition/fraud tactic of buying on the rumor and selling on the news (fact) of the Fed�s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money.� Yahoo previously commented: Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance....., to which I responded, Wild..... I�ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported and will now join gm in worker buyouts; but both GM and Ford will now offer built-in ipods which should substantially help their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Analyst says GM good news now behind it (past/discounted), yet stock still rose upon said analysis �..riiiiight�.. daaaaah! Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal, maybe even suspension, that has cast a harsh light on Silicon Valley's compensation practices. Don�t forget that GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland lunatic world of wall street is of course good news. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid (approx.) 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it�s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very commissionable (investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $63; yes, as in the last crash, they will get fooled again� as stocks up sharply in the fraudulent alice-in-wonderland lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the pundits/analysts are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley (who also says that in Europe bush�s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the �better than expectations� game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. Spotlight on the Stock Option Scandal-The share prices of companies involved in stock options backdating have held up well compared to the broader market. But shareholders might be in for a rougher ride. Plus, why the Nasdaq has its hands full. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived pearl harbor effect)/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/ and the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what�s up is down and what�s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they�ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin� to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don�t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)

"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006

WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):

The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

(4-12-07) The lunatic frauds on wall street ignore reality regarding negative inflation/economic data and continue their backward looking frenzied rally mode despite higher oil prices, unexpected jump in jobless claims, mortgage defaults highest in 37 years, retailers warning that April same-store sales will be weak, and the largest rise in import prices, Citigroup to cut 17000 jobs, national mortgage delinquency rate hit an all-time high of 2.87% in Q1, sentiment down, Fed Governor Mishkin saying the current rate of inflation remains too high, and on previous stellar employment report from government ...riiiiight!..., (what about the real $11 TRILLION unfunded social security/medicare unfunded liabilty by acturial/accounting), as previously u.s. auto sector sparks rally...riiiiight!..., despite previously experts acknowledging SEC must crackdown on rampant insider trading on M&A info, both services and manufacturing indices far below expectations, u.s. auto sales down, February existing home sales up but down 8.5% from previous year.....riiiiight!...previously, manufacturing index barely positive and substantially below expectations, producer prices up and above expectations, citing obfuscating mergers, higher oil prices, and a new way to scam the unwary public by unloading their worthless paper on workers through ESOPs, rally into the close building on previous stagflation report of high core rate of inflation, slightly higher spending on lower income, high oil prices and fake upward revision to GDP report (riiiiight! US GDP growth hobbled by stocks of unsold ) still relying on b**l s**t alone, even as Bernanke totally dashes wall street�s previous b.s. story underlying the previous week�s fraudulent up move based on b**l s**t alone and the paper paper chase/commissionable ponzi scheme continues (with borrowed funds) but will unwind/unravel as they always do, Home prices down/worst since '94, defaults up, new home sales unexpectedly down 3.9%.....it�s the weather say the frauds on wall street.....riiiiight!, home inventories up, oil prices up, leading indicators down again, existing home sales unexpectedly up.....right!, even as home inventories up as prices fell, warnings from the tech sector, all no problemo for the frauds on wall street, [fed heads, who�ve been printing worthless dollars like they�re going out of style because they are (so much so that they�ve stopped reporting M3), remove words �additional firming� is excuse for ridiculous mixed close as previously dollar precipitously fell on the news which is catch 22 as same is hyper-inflationary/stagflationary and dollar denominated assets fall in value], home construction unexpectedly up according to government report (riiiiight.....if you believe same.....I don�t) though permits down, lunatic frauds on wall street rally on the news, builder/construction sentiment down again and now below 50% reflecting reality, obfuscating mergers/b.s. to the rescue,� previous CPI (.4), wholesale (1.3 annualized 15.6), and core (.4) inflation rates far exceed expectations as worthless dollar and massive printing thereof and debt come home to roost, unexpected decline on the Philadelphia Fed's manufacturing index/disappointing NY Empire State Index, commissionable ponzi scheme with borrowed (ie., japan, etc.) and suckers� funds continues,� blowout Q1 earnings report from wall street lunatic frauds morgan stanley, goldman sachs (daaaaah!) even as record foreclosure rate and retail sales below expectations, mergers obfuscate dismal picture, retail sales down (they say it�s the weather.....riiiiight.....how about consumer debt at record $2.41 trillion) jobs data from private (as opposed to government) entity below expectations (who would have thunk it!.....riiiiight! But wait; latest government data at expectations and above, revising past data as unemployment rate falls to 4.5%.....and says trade deficit trend changing..... riiiiight!), along with below expectations oil inventories which had spurred oil price rally, while productivity below expectations/wage costs higher and above expectations (very inflationary), no problemo for the lunatic frauds on wall street (what a joke wall street is!) who are maniacal as lunatics suckers short-covering �bear market/higher oil prices/fake economic reports/fed speak rally� (based upon b**l s**t/fake reports even assuming fake growth rate though false, the decline of the fiat currency, the worthless dollar would negate same in real terms) (b.s. contrary to bernanke testimony before congress owing to previous implicit threat of prosecution for false statements)� fueled by b**l s**t alone ridiculously rally into the close to suck the suckers in; ie., as the Dow Jones industrial average up 68.34, S&P up 8.93, and NASDAQ up 21.01, all very commissionable on heavy volume, as in final pre-election result push for bush, which fell very short but has provided the same pump-priming of the market as most recently seen in 1999 which ended quite badly even without the exacerbating effects of huge unsustainable and debilitating debt/deficits deferring/delaying/prolonging the inevitable reality even as entire domestic u.s. industries are rendered what is tantamount to defunct and with corporate welfare unwisely spent (war crimes, etc.). Greenspan Warns of Likely U.S. Recession..... FORECLOSURES AT RECORD PACE, retail sales below expectations. TOP INVESTOR, SOROS' PARTNER, SEES U.S. PROPERTY CRASH 3-16-07 Major Mortgage Lender On Bankruptcy's Doorstep... REIT New Century Financial (NEW 3.21, halted at 0).....Everything is hunky doory says financial propaganda minister/comedian paulson (son of pat paulson?) while Moody�s says at least a 10% correction from fraudulent bubble highs is warranted/appropriate (I believe that to be a modest analytical view). Who would you believe? What do you expect a member of a failed administration to say? What�s changed? Nothing, as the frauds on wall street continue their commissionable ponzi scheme with borrowed (ie., japan, etc.) and suckers� funds.� Real estate experts say the pain/damage will exceed that of prior downturns since the great depression.Bernanke responds to recession prediction with b**l s**t (to his small credit he begrudgingly admits to looming fiscal crisis). Top investor, Soros partner sees property crash: 'You can't believe how bad it's going to get'... Manufacturing activity in u.s. up say fake reports (what, paper/worthless dollars/ securities/packaging for imported goods/parts/components, etc.). �BROKERS AT 'TOP-TIER' FIRMS CHARGED IN INSIDER TRADING SCHEME JUST TIP OF THE ICEBERG. New home sales down 17%.....Durables down over seven percent. Are they going to fudge/falsify the GDP revision? Oil rise on US energy inventory data. Stagflation, fake reports understate fundamental weakness, higher oil prices rally. Housing starts down sharply, as investors, domestic and international, dramatically slow purchase of fiat currency/worthless us/dollar denominated stocks and bonds. Record real estate price slump; industrial production/utilization down. Record home price slump. Retail numbers at best (I don�t believe them for a second) just flat; massive layoffs at Chrysler; more government borrowing to paint false facade. Trade deficit up sharply and new record for all of 2006 - $763 billion (the market last rallied with previous month�s improvement, and rallies with worsening, everything else was typical wall street b**l s**t meaning and based on nothing, ie., m&a, upgrade, etc.). Default rates up again. HSBC Holdings, the world's third largest bank, warned that provisions for bad debt will be some 20% higher than previously thought. SEC launch of insider trading (pervasive on fraudulent wall street) probe just tip of the iceberg. Negative savings rate (highest since great depression), factory output down, home inventories highest since last crash, defaults up, gm and ford sales down 17% and 19%, deficits trade/budget, dollar down and going lower, january jobs data weaker than the consensus estimate and below the average gain of 153,000 per month for all of 2006 and viewed as bearish......but no problemo if you�re a lunatic fraud on wall street. Personal Savings at Lowest Point Since 1933-- Great Depression's low. �Fake economic growth report from the administration. Mergers and acquisitions continue to cloud the picture facilitating the fraud. Having beat fraudulent alice-in-wonderland lunatic world of wall street expectations with Record Loss of $12.7 Billion, the rally in Ford�s stock continues..... riiiiight! Fake numbers also a plus. Ford Posts Record Loss of $12.7 Billion.....stock rallies on the news.....riiiiight! P/E ratios far beyond the mean particularly for this stage in the cycle for selected securities (ie., 80+, etc.). Higher oil prices and fake indicators report spark rally.....riiiiight! Report on leading economic indicators is delayed (very unusual unless you understand the greater complexity in fudging same.....not to worry, fans of frauds on wall street.....the lunatic frauds will also get their churn-and-earn commission dollars on the way down).Fed Chairman Bernanke begins to euphemistically discuss reality on capital hill. PAPER: Condo market in DC, Vegas, Miami and Boston has collapsed... Euro displaces dollar in bond markets...13 charged in Wall Street insider trading ring CNN International Higher oil prices and fake numbers spurs rally. More fake job numbers (at best, hamburger helpers, etc.). Foreclosures Rip Neighborhoods in Denver. Yahoo profit falls 61% but rallies 6% on b**l s**t alone. �Insider-Trading Ring Bust in US Fuels Hedge-Fund Concerns. Jawboning by kohn of print-those-worthless-dollars fed raises market.....riiiiight! The ism services index fell, but that was down from an unexpectedly and fake strong read a month earlier, manufacturing index up slightly to 51.4 (they must be counting hamburgers as manufactured goods in u.s......riiiiight!) but fed knows they�ve been printing worthless dollars like mad which of course is hyperinflationary and will come home to roost, along with huge debt/deficits, trade and budget, Stores Report Disappointing Dec. Sales, Gap Woes Deepen in Bleak Holiday Season. Ford and GM auto sales down 13%. More reports in defiance of reality, oil prices up, Dollar Slides...,every intelligent analyst/economist knows that the new home sales number from the government is a total lie that will be revised downward later, that the options scandals are pervasive in fraudulent america (100 investigations just tip of the iceberg), oil stocks continue to rally on lower oil prices, as previously on pipeline explosion in Nigeria, spill in Gulf, and sanctions for Iran, and sharp FALL in oil prices.....riiiiight!.....predictions of disappointing retail sales even with fire-sale discounted prices,..... Highest increase (2%) in 30 years for the wholesale price index, and as well, the core ppi (1.3%), GDP growth less than expected at 2%, dollar sharply lower, oil prices up, building permits down, all unexpectedly bad but great news in the fraudulent alice-in-wonderland lunatic world of wall street. New Record Quarterly Trade Deficit initially spurred lunatic market rally along with obfuscating but very commissionable merger activity. Core inflation a very unexpected unchanged .....riiiiight!.....spurs superstitious, devoid of reality, santa rally.� Investment Banks Post Record 2006 Profit .....daaaaah! Churning and earning on worthless paper, where is that commission dollar coming from even as america has ceded solvency/leadership in every economic measure. Even at the lofty record numbers the indices are worth roughly half their value based on precipitous fall of the dollar in only 5 years with further downside to go. Superstitious �Santa Claus rally�.....riiiiight! High oil price rally.....riiiiight!� Total� bulls**t ! Retail sales up a very unexpected 1%, riiiiight, at the same time inventories of such goods rising substantially (do you think they�re booking sales to �straw men/companies�.....I do!) and oil inventories down. Fake employment numbers (from the government.....riiiiight!) the impetus for previous b.s. rally despite falling sentiment and uptick in unemployment. The ism services index (financed by unsustainable deficit/debt spending and pushing/commissioning worthless paper) and jawboning/bulls**t from the housing industry (the end is near.....riiiiight!), obfuscating mergers continued to cloud the picture, closely-watched core-PCE deflator had risen a more than expected 0.2%, second sub-50 reading on manufacturing activity in as many sessions-the November ISM index unexpectedly fell to 49.5 (consensus 52.0), Chicago PMI fell to its lowest level (49.9%) in October, and below the 50 level, indicating contraction, crude prices up� (OIL PRICES RISE ABOVE $63 A BARREL...), DOLLAR RESUMES SLIDE, Fed Chairman Bernanke & Co. cheerleading/jawboning/bulls**t, 3.2% decline in new home sales, oil inventories down and oil prices up, oil producers shun the dollar, Russia and Opec shift revenues into euros, yen and sterling..., all very bad news anywhere but in the fraudulent alice-in-wonderland world of wall street. Durable goods orders fell sharply, sentiment down, but supposedly used home sales rose slightly (riiiiight.....who says; the realtors/government who have been talking up this bubble market?) albeit at sharply lower prices. DOLLAR PLUNGES TO NEAR 15-YEAR LOW� In other words, no good news to justify the ridiculous up move by the alice-in-wonderland frauds of wall street. Worthless dollar, triple deficits, stock/options scandals/corruption, as some speculate that fed is behind purchases/manipulation (through proxy) of worthless american paper now being shunned by more rational market players abroad.� MARKETS ROCKED BY LONG OVERDUE BUT STILL MODEST RELATIVE TO REALITY SHARP SLIDE IN DOLLAR...There has never been a time since 1929 when stock prices and p/e ratios were so irrationally high for this point in a bull cycle in this indisputable secular bear market, particularly with the existing unprecedented structural economic problems, ie., trade and budget deficits, worthless dollar, scandals, fraud, corruption , etc.. In fact, unemployment unexpectedly rose substantially and consumer sentiment unexpectedly but similarly realistically fell, both very negative exept in the� fraudulent alice-in-wonderland world of wall street. Indeed, the housing bubble bursting with ie., unexpected 14% decline in starts/permits, etc., led to rally in the fraudulent alice-in-wonderland world of wall street. Obfuscating mergers help preclude detection of this massive and pervasive fraud which defies analysis owing to these mergers. New talking pointing: dell numbers exceed expectations depending upon ongoing government scrutiny of their accounting practices.....riiiiight! More contrived manipulated markets and data well as that previous unexpected rise in that global hub of manufacturing activity, New York (worthless paper is their real product, etc.) �..riiiiight!�.. underpins fraudulent up move. Reassuring Fed speak, also known as b**l s**t, along with IPO�s (get the suckers in at the highs as in late 90�s market bubble), and shrugging off pervasive stock/options fraud as at, ie., KB Homes, etc., leave stocks ridiculously higher. Nations leaving the worthless dollar in droves for currencies backed by value and for precious metals. Based on the self-interested statement of typical fraud american and fed rep, we hear once again the wishful thought that housing has bottomed.....right! [Reality/Truth: US housing slump deepens, spreads]. Home depot rallies despite lower than expected results and lower guidance for the year.....right! Who is stupid enough to believe anything the fraudulent criminal americans say. They are printing worthless dollars like mad. Consumer sentiment actually previously fell and there was nothing but wall street lunacy to prop the fraudulent market. The republicans who lockstepped with war criminal dumbya bush deserved to lose. The frauds on wall street now looking for the new corporate welfare program for which to sell the sizzle ie., stem cells, etc.. The know-nothing pundits are now saying the up move without any rational basis is predicated upon the the falsity that gridlock in washington is welcomed and good because no regulation of, ie., fraud on wall street, etc., can be passed. How about a tax on stock trades to come directly from the traders' (traitors/frauds) bottom lines and provide a disincentive for the churn-and-earn fraud which is tantamount to a wasteful tax on the economy. Even token Christian paulison from jew fraud wall street couldn't stem the tide against the blatent zionist/neocon/bush co failure accross the board as the wall street frauds show record profits financed, albeit indirectly, by huge deficits, both trade and budget. Obfuscating mergers blur the picture to provide cover for up move talking points in defiance of reality.� Stagflation and full employment revisions pre-election.....riiiiight. Productivity comes in at a less than expected 0 (inflationary). The only surprise should have been that the number wasn't negative. The pundits are now saying that the market/wall street fraud is in a state of denial regarding economic fundamentals and that the market is substantially overbought, overvalued, overfrauded, over, etc., the manufacturing index coming in lower than expectations. Consumer sentiment unexpectedly fell.....daaaaah. Pre-election core inflation rate report good �..riiiiight�..but savings rate still negative and walmart sales/profits/outlook substantially below expectations but what the heck, they�re wallstreet lunatics/frauds and reality is no problem. Despite pre-election deficit spending, GNP comes in a less than expected paltry 1.6% increase with worthless falling dollar the catch-22 precluding reality avoidance and the worst yet to come. More nations leaving the worthless dollar as reserve currency even as frauds on wall street reach new highs (What are they smoking? Coking? or like the dollar just cracking) based on corporate welfare flows with money the nation doesn't have pre-election (record deficits). Housing prices continue their sharp decline as bubble deflates. GM only lost 115 million. Ford lost 5.8 billion and must restate earnings back to year 2000 is a bullish sign in the fraudulent alice-in-wonderland lunatic world of wall street. Typical pre-fed meeting rally to provide a cushion for any negative pronouncements which reality would require but are seldom forthcoming by the accommodative frauds who have similarly embraced unreality. Indeed, the gutless wimps of wall street think they're "tough" when they fraudulently take the market higher despite a clearly contrary fact based reality. Caterpillar relates the pervasive reality and the frauds on wallstreet intimidate same with sell off, ignoring pervasive options scandal/fraud and rallies Merck despite lower than expectation results.....riiiiight! Election year corporate welfare to prime the pump and the mock stock market with money the nation doesn�t have (increasing already huge deficits). CPI figures (upon which government inflation adjusted payment obligations are based) lower than expected�..riiiiight! Intel earnings/revenues down sharply but according to the lunatic frauds on wall street, beat expectations and stock rallies along with yahoo which as in the pre-dot com bust days says better days are a coming�.. riiiiight Core inflation rate which is closely watched by the Fed exceeds all expectations. Fraud Merrill Lynch has really been pushing and commissioning that worthless paper and reports record earnings, despite having produced nothing and for very little if any value added (that ill-gotten money has to come from somewhere-your pockets?). The big economic report awaiting scrutiny was the monthly trade deficit which was expected to narrow but in fact INCREASED to 69.9 billion. The alice-in-wonderland lunatic wall street frauds rallied on the news as the dollar precipitously fell. The Fed Chairman said there is a "substantial correction" in housing, which will probably shave about 1% off growth in the second half of the year. The Institute of Supply Management said its services index fell to 52.9 in September -- the lowest level since April 2003. Great News�.. riiiiight!..... Consumer Confidence Higher Than Expected... riiiiight!..... and housing starts were down sharply but not-as-bad-as-expectations game in play US Existing Home Sales Fall 0.5% in August; Sales Price Drops Existing-home prices fall for 1st time in 11 years along with fed jaw-boning pre-election that inflation has been licked .....riiiiight �..despite printing worthless dollars like they�re going out of style because they really are! Fed did nothing and stocks rallied, pre-election.....riiiiight! What about the reality of u.s. debt service at a record unsustainable $2 billion per day on a revolving $2 trillion charge account with ie., China, etc.. The fact that foreclosures are up and that there is projected new trade deficit record, fake government inflation numbers for election year purposes, housing starts down 6% means little to the alice-in-wonderland lunatic frauds of wall street and the so-called pundits including yahoo below. Almost all computerized volume is and must be considered heavy, manipulated, economically wasteful volume [stocks move contrary to rational analytical facts (ie., exceeded lowered expectations, things so bad interest rates can�t rise, exceeded expectations, no earnings but outlook extraordinary, the fed says booo as they print more worthless dollars to finance deficits, etc. ) is money in the bank for the frauds on wall street when they unwind said irrational positions ]. Philadelphia Federal Reserve announces that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, leading economic indicators fall .2%, and previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows with b**l s**t from Yahoo (which didn�t even reference the record unanticipated trade gap):

Morgan Stanley Buys 13 Hotels for $2.4B
AP - Morgan Stanley is buying 13 hotels from Japanese carrier All Nippon Airways Co. for 281 billion yen , the airline said Friday, in a transaction that would roughly double the U.S. investment bank's portfolio of hotels in Japan.

�� After a shaky start, the belief that Wednesday's pullback was overdone sidelined early follow-through selling interest and prompted renewed buying activity that left all three major averages at session highs with noticeable gains.Before the bell, investors questioned whether the change in views towards the interest-rate outlook following yesterday's release of the FOMC minutes had caused a fundamental shift in underlying sentiment. Throw in an unexpected jump in jobless claims, possibly signaling a softening in the labor market, a handful of retailers warning that April same-store sales will be weak, and the largest rise in import prices since May, and the market had all the makings of another down day.However, the market eventually gave way to buyers looking for places to park investment dollars. As evidenced by Railroads turning in the day's best performance, billionaire investor Warren Buffett's recent endorsement of the group seemed as good as any place to start. In fact, the Dow Jones Transportation Average's resilience in the face of oil prices soaring 3%, due largely to another railroad rally, was among the day's most surprising stories and gave Industrials a noticeable boost.The Health Care sector was also up 1.0% and provided some notable support in the absence of any leadership from the struggling Financials sector. Biotech got a boost as reports that MedImmune (MEDI 43.63 +5.79) was seeking a potential buyer fueled speculation that its peers may also be takeover candidates.Manor Care (HCR 62.81 +1.13), building on yesterday's buyout-induced 10.6% surge, provided additional sector support. The sector's defensive characteristics, which are largely why we reiterated an Overweight rating on Health Care in late January, also contributed to its outperformance. Dow component Pfizer (PFE 26.46 +0.42), which also ranks among the ten most influential S&P 500 constituents, surged 1.6%. Fortunately for the bulls, oil's late-day rally finally woke up an Energy sector that was initially ignoring today's early gains in crude. The May contract spiked to session highs near $64/bbl just before the NYMEX closed after Valero Energy (VLO 68.71 1.33) said its fire-damaged McKee facility will not reach full capacity of 170,000 barrels per day this year. The energy sector's 1.4% advance eventually provided enough leadership for the stock market to help offset the early inflationary concerns sparked by import prices surging 1.7% to 10-month highs. BTK +2.5% DJ30 +68.34 DJTA +1.7% NASDAQ +21.01 NQ100 +0.9% R2K +0.8% SP400 +0.7% SP500 +8.93 XOI +1.6% NASDAQ Dec/Adv/Vol 1098/1927/1.90 bln NYSE Dec/Adv/Vol 1108/2177/1.38 bln

There is nothing to rationally justify the previous up move or mixed results in the market other than what is tantamount to a negative, and based upon spurious data from the government; ie., fake government numbers said total PPI rose a smaller than expected 0.1% (consensus 0.4%) in July, which was well below the 0.5% jump in June, while the more closely watched core rate (ex-food and energy) unexpectedly (RIIIIIGHT!) fell 0.3% (consensus +0.2%) -- the first decline since October and the largest drop since a 0.5% decline in April 2003. Home Sales Decline in 28 States, D.C.. Real estate prices down/stagnant. But housing stocks�..up.....riiiiight!.....in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down.� Martin Crutsinger, AP Economics Writer, previously wrote,� U.S. Trade Deficit Falls 0.3 Percent in June to $64.8B, Offsetting Jump in Chinese Imports. Dell Recall Stems From sony Production Flaw� WASHINGTON (AP) -- America's trade deficit showed a slight improvement as strong global growth pushed U.S. exports to a record level. That helped offset a surge in Chinese imports and record crude oil prices. The deficit declined 0.3 percent in June, compared with May, dropping to $64.8 billion, still the fifth largest imbalance on record, the Commerce Department reported Thursday. The deficit is running at an annual rate of $768 billion through the first six months of this year, putting the country on track to see a fifth straight record imbalance. Last year's deficit was $716.7 billion. Prior considerations remain apposite in this clearly overvalued market. The frauds on wall street feel compelled to continue their tradition/superstition/fraud tactic of buying on the rumor and selling on the news (fact) of the Fed�s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money.� Yahoo previously commented: Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance....., to which I responded, Wild..... I�ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported and will now join gm in worker buyouts; but both GM and Ford will now offer built-in ipods which should substantially help their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Analyst says GM good news now behind it (past/discounted), yet stock still rose upon said analysis �..riiiiight�.. daaaaah! Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal, maybe even suspension, that has cast a harsh light on Silicon Valley's compensation practices. Don�t forget that GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland lunatic world of wall street is of course good news. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid (approx.) 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it�s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very commissionable (investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $63; yes, as in the last crash, they will get fooled again� as stocks up sharply in the fraudulent alice-in-wonderland lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the pundits/analysts are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley (who also says that in Europe bush�s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the �better than expectations� game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. Spotlight on the Stock Option Scandal-The share prices of companies involved in stock options backdating have held up well compared to the broader market. But shareholders might be in for a rougher ride. Plus, why the Nasdaq has its hands full. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived pearl harbor effect)/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/ and the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what�s up is down and what�s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they�ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin� to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don�t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)

"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006

WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):

The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

(4-11-07) Reality confronts lunatic frauds on wall street regarding negative inflation/economic data for modest losses relative to reality, Citigroup to cut 17000 jobs, national mortgage delinquency rate hit an all-time high of 2.87% in Q1, sentiment down, Fed Governor Mishkin saying the current rate of inflation remains too high, and on previous stellar employment report from government ...riiiiight!..., (what about the real $11 TRILLION unfunded social security/medicare unfunded liabilty by acturial/accounting), as previously u.s. auto sector sparks rally...riiiiight!..., despite previously experts acknowledging SEC must crackdown on rampant insider trading on M&A info, both services and manufacturing indices far below expectations, u.s. auto sales down, February existing home sales up but down 8.5% from previous year.....riiiiight!...previously, manufacturing index barely positive and substantially below expectations, producer prices up and above expectations, citing obfuscating mergers, higher oil prices, and a new way to scam the unwary public by unloading their worthless paper on workers through ESOPs, rally into the close building on previous stagflation report of high core rate of inflation, slightly higher spending on lower income, high oil prices and fake upward revision to GDP report (riiiiight! US GDP growth hobbled by stocks of unsold ) still relying on b**l s**t alone, even as Bernanke totally dashes wall street�s previous b.s. story underlying the previous week�s fraudulent up move based on b**l s**t alone and the paper paper chase/commissionable ponzi scheme continues (with borrowed funds) but will unwind/unravel as they always do, Home prices down/worst since '94, defaults up, new home sales unexpectedly down 3.9%.....it�s the weather say the frauds on wall street.....riiiiight!, home inventories up, oil prices up, leading indicators down again, existing home sales unexpectedly up.....right!, even as home inventories up as prices fell, warnings from the tech sector, all no problemo for the frauds on wall street, [fed heads, who�ve been printing worthless dollars like they�re going out of style because they are (so much so that they�ve stopped reporting M3), remove words �additional firming� is excuse for ridiculous mixed close as previously dollar precipitously fell on the news which is catch 22 as same is hyper-inflationary/stagflationary and dollar denominated assets fall in value], home construction unexpectedly up according to government report (riiiiight.....if you believe same.....I don�t) though permits down, lunatic frauds on wall street rally on the news, builder/construction sentiment down again and now below 50% reflecting reality, obfuscating mergers/b.s. to the rescue,� previous CPI (.4), wholesale (1.3 annualized 15.6), and core (.4) inflation rates far exceed expectations as worthless dollar and massive printing thereof and debt come home to roost, unexpected decline on the Philadelphia Fed's manufacturing index/disappointing NY Empire State Index, commissionable ponzi scheme with borrowed (ie., japan, etc.) and suckers� funds continues,� blowout Q1 earnings report from wall street lunatic frauds morgan stanley, goldman sachs (daaaaah!) even as record foreclosure rate and retail sales below expectations, mergers obfuscate dismal picture, retail sales down (they say it�s the weather.....riiiiight.....how about consumer debt at record $2.41 trillion) jobs data from private (as opposed to government) entity below expectations (who would have thunk it!.....riiiiight! But wait; latest government data at expectations and above, revising past data as unemployment rate falls to 4.5%.....and says trade deficit trend changing..... riiiiight!), along with below expectations oil inventories which had spurred oil price rally, while productivity below expectations/wage costs higher and above expectations (very inflationary), no problemo for the lunatic frauds on wall street (what a joke wall street is!) who are maniacal as lunatics suckers short-covering �bear market/higher oil prices/fake economic reports/fed speak rally� (based upon b**l s**t/fake reports even assuming fake growth rate though false, the decline of the fiat currency, the worthless dollar would negate same in real terms) (b.s. contrary to bernanke testimony before congress owing to previous implicit threat of prosecution for false statements)� fueled by b**l s**t alone ridiculously rally into the close to suck the suckers in; ie., as the Dow Jones industrial average down 89.23, S&P down 9.52, and NASDAQ down 18.30, all very commissionable on heavy volume, as in final pre-election result push for bush, which fell very short but has provided the same pump-priming of the market as most recently seen in 1999 which ended quite badly even without the exacerbating effects of huge unsustainable and debilitating debt/deficits deferring/delaying/prolonging the inevitable reality even as entire domestic u.s. industries are rendered what is tantamount to defunct and with corporate welfare unwisely spent (war crimes, etc.). Greenspan Warns of Likely U.S. Recession..... FORECLOSURES AT RECORD PACE, retail sales below expectations. TOP INVESTOR, SOROS' PARTNER, SEES U.S. PROPERTY CRASH 3-16-07 Major Mortgage Lender On Bankruptcy's Doorstep... REIT New Century Financial (NEW 3.21, halted at 0).....Everything is hunky doory says financial propaganda minister/comedian paulson (son of pat paulson?) while Moody�s says at least a 10% correction from fraudulent bubble highs is warranted/appropriate (I believe that to be a modest analytical view). Who would you believe? What do you expect a member of a failed administration to say? What�s changed? Nothing, as the frauds on wall street continue their commissionable ponzi scheme with borrowed (ie., japan, etc.) and suckers� funds.� Real estate experts say the pain/damage will exceed that of prior downturns since the great depression.Bernanke responds to recession prediction with b**l s**t (to his small credit he begrudgingly admits to looming fiscal crisis). Top investor, Soros partner sees property crash: 'You can't believe how bad it's going to get'... Manufacturing activity in u.s. up say fake reports (what, paper/worthless dollars/ securities/packaging for imported goods/parts/components, etc.). �BROKERS AT 'TOP-TIER' FIRMS CHARGED IN INSIDER TRADING SCHEME JUST TIP OF THE ICEBERG. New home sales down 17%.....Durables down over seven percent. Are they going to fudge/falsify the GDP revision? Oil rise on US energy inventory data. Stagflation, fake reports understate fundamental weakness, higher oil prices rally. Housing starts down sharply, as investors, domestic and international, dramatically slow purchase of fiat currency/worthless us/dollar denominated stocks and bonds. Record real estate price slump; industrial production/utilization down. Record home price slump. Retail numbers at best (I don�t believe them for a second) just flat; massive layoffs at Chrysler; more government borrowing to paint false facade. Trade deficit up sharply and new record for all of 2006 - $763 billion (the market last rallied with previous month�s improvement, and rallies with worsening, everything else was typical wall street b**l s**t meaning and based on nothing, ie., m&a, upgrade, etc.). Default rates up again. HSBC Holdings, the world's third largest bank, warned that provisions for bad debt will be some 20% higher than previously thought. SEC launch of insider trading (pervasive on fraudulent wall street) probe just tip of the iceberg. Negative savings rate (highest since great depression), factory output down, home inventories highest since last crash, defaults up, gm and ford sales down 17% and 19%, deficits trade/budget, dollar down and going lower, january jobs data weaker than the consensus estimate and below the average gain of 153,000 per month for all of 2006 and viewed as bearish......but no problemo if you�re a lunatic fraud on wall street. Personal Savings at Lowest Point Since 1933-- Great Depression's low. �Fake economic growth report from the administration. Mergers and acquisitions continue to cloud the picture facilitating the fraud. Having beat fraudulent alice-in-wonderland lunatic world of wall street expectations with Record Loss of $12.7 Billion, the rally in Ford�s stock continues..... riiiiight! Fake numbers also a plus. Ford Posts Record Loss of $12.7 Billion.....stock rallies on the news.....riiiiight! P/E ratios far beyond the mean particularly for this stage in the cycle for selected securities (ie., 80+, etc.). Higher oil prices and fake indicators report spark rally.....riiiiight! Report on leading economic indicators is delayed (very unusual unless you understand the greater complexity in fudging same.....not to worry, fans of frauds on wall street.....the lunatic frauds will also get their churn-and-earn commission dollars on the way down).Fed Chairman Bernanke begins to euphemistically discuss reality on capital hill. PAPER: Condo market in DC, Vegas, Miami and Boston has collapsed... Euro displaces dollar in bond markets...13 charged in Wall Street insider trading ring CNN International Higher oil prices and fake numbers spurs rally. More fake job numbers (at best, hamburger helpers, etc.). Foreclosures Rip Neighborhoods in Denver. Yahoo profit falls 61% but rallies 6% on b**l s**t alone. �Insider-Trading Ring Bust in US Fuels Hedge-Fund Concerns. Jawboning by kohn of print-those-worthless-dollars fed raises market.....riiiiight! The ism services index fell, but that was down from an unexpectedly and fake strong read a month earlier, manufacturing index up slightly to 51.4 (they must be counting hamburgers as manufactured goods in u.s......riiiiight!) but fed knows they�ve been printing worthless dollars like mad which of course is hyperinflationary and will come home to roost, along with huge debt/deficits, trade and budget, Stores Report Disappointing Dec. Sales, Gap Woes Deepen in Bleak Holiday Season. Ford and GM auto sales down 13%. More reports in defiance of reality, oil prices up, Dollar Slides...,every intelligent analyst/economist knows that the new home sales number from the government is a total lie that will be revised downward later, that the options scandals are pervasive in fraudulent america (100 investigations just tip of the iceberg), oil stocks continue to rally on lower oil prices, as previously on pipeline explosion in Nigeria, spill in Gulf, and sanctions for Iran, and sharp FALL in oil prices.....riiiiight!.....predictions of disappointing retail sales even with fire-sale discounted prices,..... Highest increase (2%) in 30 years for the wholesale price index, and as well, the core ppi (1.3%), GDP growth less than expected at 2%, dollar sharply lower, oil prices up, building permits down, all unexpectedly bad but great news in the fraudulent alice-in-wonderland lunatic world of wall street. New Record Quarterly Trade Deficit initially spurred lunatic market rally along with obfuscating but very commissionable merger activity. Core inflation a very unexpected unchanged .....riiiiight!.....spurs superstitious, devoid of reality, santa rally.� Investment Banks Post Record 2006 Profit .....daaaaah! Churning and earning on worthless paper, where is that commission dollar coming from even as america has ceded solvency/leadership in every economic measure. Even at the lofty record numbers the indices are worth roughly half their value based on precipitous fall of the dollar in only 5 years with further downside to go. Superstitious �Santa Claus rally�.....riiiiight! High oil price rally.....riiiiight!� Total� bulls**t ! Retail sales up a very unexpected 1%, riiiiight, at the same time inventories of such goods rising substantially (do you think they�re booking sales to �straw men/companies�.....I do!) and oil inventories down. Fake employment numbers (from the government.....riiiiight!) the impetus for previous b.s. rally despite falling sentiment and uptick in unemployment. The ism services index (financed by unsustainable deficit/debt spending and pushing/commissioning worthless paper) and jawboning/bulls**t from the housing industry (the end is near.....riiiiight!), obfuscating mergers continued to cloud the picture, closely-watched core-PCE deflator had risen a more than expected 0.2%, second sub-50 reading on manufacturing activity in as many sessions-the November ISM index unexpectedly fell to 49.5 (consensus 52.0), Chicago PMI fell to its lowest level (49.9%) in October, and below the 50 level, indicating contraction, crude prices up� (OIL PRICES RISE ABOVE $63 A BARREL...), DOLLAR RESUMES SLIDE, Fed Chairman Bernanke & Co. cheerleading/jawboning/bulls**t, 3.2% decline in new home sales, oil inventories down and oil prices up, oil producers shun the dollar, Russia and Opec shift revenues into euros, yen and sterling..., all very bad news anywhere but in the fraudulent alice-in-wonderland world of wall street. Durable goods orders fell sharply, sentiment down, but supposedly used home sales rose slightly (riiiiight.....who says; the realtors/government who have been talking up this bubble market?) albeit at sharply lower prices. DOLLAR PLUNGES TO NEAR 15-YEAR LOW� In other words, no good news to justify the ridiculous up move by the alice-in-wonderland frauds of wall street. Worthless dollar, triple deficits, stock/options scandals/corruption, as some speculate that fed is behind purchases/manipulation (through proxy) of worthless american paper now being shunned by more rational market players abroad.� MARKETS ROCKED BY LONG OVERDUE BUT STILL MODEST RELATIVE TO REALITY SHARP SLIDE IN DOLLAR...There has never been a time since 1929 when stock prices and p/e ratios were so irrationally high for this point in a bull cycle in this indisputable secular bear market, particularly with the existing unprecedented structural economic problems, ie., trade and budget deficits, worthless dollar, scandals, fraud, corruption , etc.. In fact, unemployment unexpectedly rose substantially and consumer sentiment unexpectedly but similarly realistically fell, both very negative exept in the� fraudulent alice-in-wonderland world of wall street. Indeed, the housing bubble bursting with ie., unexpected 14% decline in starts/permits, etc., led to rally in the fraudulent alice-in-wonderland world of wall street. Obfuscating mergers help preclude detection of this massive and pervasive fraud which defies analysis owing to these mergers. New talking pointing: dell numbers exceed expectations depending upon ongoing government scrutiny of their accounting practices.....riiiiight! More contrived manipulated markets and data well as that previous unexpected rise in that global hub of manufacturing activity, New York (worthless paper is their real product, etc.) �..riiiiight!�.. underpins fraudulent up move. Reassuring Fed speak, also known as b**l s**t, along with IPO�s (get the suckers in at the highs as in late 90�s market bubble), and shrugging off pervasive stock/options fraud as at, ie., KB Homes, etc., leave stocks ridiculously higher. Nations leaving the worthless dollar in droves for currencies backed by value and for precious metals. Based on the self-interested statement of typical fraud american and fed rep, we hear once again the wishful thought that housing has bottomed.....right! [Reality/Truth: US housing slump deepens, spreads]. Home depot rallies despite lower than expected results and lower guidance for the year.....right! Who is stupid enough to believe anything the fraudulent criminal americans say. They are printing worthless dollars like mad. Consumer sentiment actually previously fell and there was nothing but wall street lunacy to prop the fraudulent market. The republicans who lockstepped with war criminal dumbya bush deserved to lose. The frauds on wall street now looking for the new corporate welfare program for which to sell the sizzle ie., stem cells, etc.. The know-nothing pundits are now saying the up move without any rational basis is predicated upon the the falsity that gridlock in washington is welcomed and good because no regulation of, ie., fraud on wall street, etc., can be passed. How about a tax on stock trades to come directly from the traders' (traitors/frauds) bottom lines and provide a disincentive for the churn-and-earn fraud which is tantamount to a wasteful tax on the economy. Even token Christian paulison from jew fraud wall street couldn't stem the tide against the blatent zionist/neocon/bush co failure accross the board as the wall street frauds show record profits financed, albeit indirectly, by huge deficits, both trade and budget. Obfuscating mergers blur the picture to provide cover for up move talking points in defiance of reality.� Stagflation and full employment revisions pre-election.....riiiiight. Productivity comes in at a less than expected 0 (inflationary). The only surprise should have been that the number wasn't negative. The pundits are now saying that the market/wall street fraud is in a state of denial regarding economic fundamentals and that the market is substantially overbought, overvalued, overfrauded, over, etc., the manufacturing index coming in lower than expectations. Consumer sentiment unexpectedly fell.....daaaaah. Pre-election core inflation rate report good �..riiiiight�..but savings rate still negative and walmart sales/profits/outlook substantially below expectations but what the heck, they�re wallstreet lunatics/frauds and reality is no problem. Despite pre-election deficit spending, GNP comes in a less than expected paltry 1.6% increase with worthless falling dollar the catch-22 precluding reality avoidance and the worst yet to come. More nations leaving the worthless dollar as reserve currency even as frauds on wall street reach new highs (What are they smoking? Coking? or like the dollar just cracking) based on corporate welfare flows with money the nation doesn't have pre-election (record deficits). Housing prices continue their sharp decline as bubble deflates. GM only lost 115 million. Ford lost 5.8 billion and must restate earnings back to year 2000 is a bullish sign in the fraudulent alice-in-wonderland lunatic world of wall street. Typical pre-fed meeting rally to provide a cushion for any negative pronouncements which reality would require but are seldom forthcoming by the accommodative frauds who have similarly embraced unreality. Indeed, the gutless wimps of wall street think they're "tough" when they fraudulently take the market higher despite a clearly contrary fact based reality. Caterpillar relates the pervasive reality and the frauds on wallstreet intimidate same with sell off, ignoring pervasive options scandal/fraud and rallies Merck despite lower than expectation results.....riiiiight! Election year corporate welfare to prime the pump and the mock stock market with money the nation doesn�t have (increasing already huge deficits). CPI figures (upon which government inflation adjusted payment obligations are based) lower than expected�..riiiiight! Intel earnings/revenues down sharply but according to the lunatic frauds on wall street, beat expectations and stock rallies along with yahoo which as in the pre-dot com bust days says better days are a coming�.. riiiiight Core inflation rate which is closely watched by the Fed exceeds all expectations. Fraud Merrill Lynch has really been pushing and commissioning that worthless paper and reports record earnings, despite having produced nothing and for very little if any value added (that ill-gotten money has to come from somewhere-your pockets?). The big economic report awaiting scrutiny was the monthly trade deficit which was expected to narrow but in fact INCREASED to 69.9 billion. The alice-in-wonderland lunatic wall street frauds rallied on the news as the dollar precipitously fell. The Fed Chairman said there is a "substantial correction" in housing, which will probably shave about 1% off growth in the second half of the year. The Institute of Supply Management said its services index fell to 52.9 in September -- the lowest level since April 2003. Great News�.. riiiiight!..... Consumer Confidence Higher Than Expected... riiiiight!..... and housing starts were down sharply but not-as-bad-as-expectations game in play US Existing Home Sales Fall 0.5% in August; Sales Price Drops Existing-home prices fall for 1st time in 11 years along with fed jaw-boning pre-election that inflation has been licked .....riiiiight �..despite printing worthless dollars like they�re going out of style because they really are! Fed did nothing and stocks rallied, pre-election.....riiiiight! What about the reality of u.s. debt service at a record unsustainable $2 billion per day on a revolving $2 trillion charge account with ie., China, etc.. The fact that foreclosures are up and that there is projected new trade deficit record, fake government inflation numbers for election year purposes, housing starts down 6% means little to the alice-in-wonderland lunatic frauds of wall street and the so-called pundits including yahoo below. Almost all computerized volume is and must be considered heavy, manipulated, economically wasteful volume [stocks move contrary to rational analytical facts (ie., exceeded lowered expectations, things so bad interest rates can�t rise, exceeded expectations, no earnings but outlook extraordinary, the fed says booo as they print more worthless dollars to finance deficits, etc. ) is money in the bank for the frauds on wall street when they unwind said irrational positions ]. Philadelphia Federal Reserve announces that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, leading economic indicators fall .2%, and previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows with b**l s**t from Yahoo (which didn�t even reference the record unanticipated trade gap):

Citigroup to Eliminate 17,000 Jobs
AP - Under pressure from investors to contain burgeoning costs, Citigroup Inc., the nation's largest financial institution, announced that it will eliminate about 17,000 jobs, shift 9,500 positions to "lower cost locations" and consolidate some corporate operations.

�� With the market pricing in a possible rate cut over the last several months, the FOMC minutes providing no indicationn that a rate cut will happen anytime soon exacerbated early consolidation efforts and snapped the Dow's eight-session winning streak.According to the Stock Trader's Almanac, April has been the best month for the Dow since 1950, turning in an average return of 1.8%. However, with the blue-chip index already surging 1.7% during the first week of April alone and not closing in negative territory since March 28, it wasn't surprising to see some early profit-taking activity.However, a market having placed way too much emphasis on the belief that the Fed was moving away from a tightening bias to a neutral view, as reflected in the broad-based rally following the surprise removal of "additional firming" in the Fed's latest policy directive, got a wake-up call late Wednesday. While most of the nine pages of minutes brought few surprises, the FOMC minutes from the March 20-21 FOMC meeting stating that "further policy firming might prove necessary to foster lower inflation," even if offset by economic concerns, showed that there is no leaning towards an easing anytime soon. That reality check further underscored why we remain cautious about the near-term outlook.It is worth noting, though, that stocks were succumbing to selling efforts before the 2:00 ET release of the minutes.Contributing to the negative disposition that stalled momentum from the onset of trading was the absence of any notable earnings reports other than the one from Alcoa (AA 35.08 +0.18), which officially kicked off the first quarter earnings season Tuesday night. Unfortunately for the bulls, Alcoa's record net income merely rising 9.0% underscored the strong likelihood that 14 straight quarters of double-digit profit growth for the S&P 500 will come to an end.With the market increasingly sensitive to weak data, especially from the housing sector, the National Association of Realtors saying it sees median existing home prices down 0.7% in 2007, the first decline in nearly 40 years, also weighed on sentiment. That news, coupled with KB Home's (KBH 41.50 -0.46) CEO saying the housing market will get worse before it gets better, gave investors another reason to keep selling this year's worst performing S&P industry group. Homebuilding is now down 21.7% this year.All 10 economic sectors closed lower, paced by a 1.1% decline in Telecom, but were more influentially impacted by a 0.8% pullback in the rate-sensitive and much more heavily-weighted Financials sector. Everything from banks to brokers to REITs extended their year-to-date declines. Citigroup (C 51.83 -0.57), yesterday's best performing component (+1.6%), came under added pressure as shareholders questioned whether today's announced restructuring, which will include 17,000 job cuts, will be enough since cost-cutting can only take the investment bank so far. BTK -0.4% DJ30 -89.23 DJTA -0.5% DJUA -0.4% DOT -1.1% NASDAQ -18.30 NQ100 -1.0% R2K -0.8% SOX -1.1% SP400 -0.6% SP500 -9.52 XOI -0.2% NASDAQ Dec/Adv/Vol 1952/1056/1.98 bln NYSE Dec/Adv/Vol 2242/1046/1.48 bln

There is nothing to rationally justify the previous up move or mixed results in the market other than what is tantamount to a negative, and based upon spurious data from the government; ie., fake government numbers said total PPI rose a smaller than expected 0.1% (consensus 0.4%) in July, which was well below the 0.5% jump in June, while the more closely watched core rate (ex-food and energy) unexpectedly (RIIIIIGHT!) fell 0.3% (consensus +0.2%) -- the first decline since October and the largest drop since a 0.5% decline in April 2003. Home Sales Decline in 28 States, D.C.. Real estate prices down/stagnant. But housing stocks�..up.....riiiiight!.....in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down.� Martin Crutsinger, AP Economics Writer, previously wrote,� U.S. Trade Deficit Falls 0.3 Percent in June to $64.8B, Offsetting Jump in Chinese Imports. Dell Recall Stems From sony Production Flaw� WASHINGTON (AP) -- America's trade deficit showed a slight improvement as strong global growth pushed U.S. exports to a record level. That helped offset a surge in Chinese imports and record crude oil prices. The deficit declined 0.3 percent in June, compared with May, dropping to $64.8 billion, still the fifth largest imbalance on record, the Commerce Department reported Thursday. The deficit is running at an annual rate of $768 billion through the first six months of this year, putting the country on track to see a fifth straight record imbalance. Last year's deficit was $716.7 billion. Prior considerations remain apposite in this clearly overvalued market. The frauds on wall street feel compelled to continue their tradition/superstition/fraud tactic of buying on the rumor and selling on the news (fact) of the Fed�s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money.� Yahoo previously commented: Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance....., to which I responded, Wild..... I�ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported and will now join gm in worker buyouts; but both GM and Ford will now offer built-in ipods which should substantially help their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Analyst says GM good news now behind it (past/discounted), yet stock still rose upon said analysis �..riiiiight�.. daaaaah! Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal, maybe even suspension, that has cast a harsh light on Silicon Valley's compensation practices. Don�t forget that GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland lunatic world of wall street is of course good news. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid (approx.) 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it�s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very commissionable (investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $61; yes, as in the last crash, they will get fooled again� as stocks up sharply in the fraudulent alice-in-wonderland lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the pundits/analysts are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley (who also says that in Europe bush�s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the �better than expectations� game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. Spotlight on the Stock Option Scandal-The share prices of companies involved in stock options backdating have held up well compared to the broader market. But shareholders might be in for a rougher ride. Plus, why the Nasdaq has its hands full. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived pearl harbor effect)/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/ and the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what�s up is down and what�s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they�ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin� to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don�t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)

"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006

WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):

The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

(4-10-07) The crazed lunatic frauds on wall street still in frenzied rally mode despite national mortgage delinquency rate hit an all-time high of 2.87% in Q1, sentiment down, Fed Governor Mishkin saying the current rate of inflation remains too high, and on previous stellar employment report from government ...riiiiight!..., (what about the real $11 TRILLION unfunded social security/medicare unfunded liabilty by acturial/accounting), as previously u.s. auto sector sparks rally...riiiiight!..., despite previously experts acknowledging SEC must crackdown on rampant insider trading on M&A info, both services and manufacturing indices far below expectations, u.s. auto sales down, February existing home sales up but down 8.5% from previous year.....riiiiight!...previously, manufacturing index barely positive and substantially below expectations, producer prices up and above expectations, citing obfuscating mergers, higher oil prices, and a new way to scam the unwary public by unloading their worthless paper on workers through ESOPs, rally into the close building on previous stagflation report of high core rate of inflation, slightly higher spending on lower income, high oil prices and fake upward revision to GDP report (riiiiight! US GDP growth hobbled by stocks of unsold ) still relying on b**l s**t alone, even as Bernanke totally dashes wall street�s previous b.s. story underlying the previous week�s fraudulent up move based on b**l s**t alone and the paper paper chase/commissionable ponzi scheme continues (with borrowed funds) but will unwind/unravel as they always do, Home prices down/worst since '94, defaults up, new home sales unexpectedly down 3.9%.....it�s the weather say the frauds on wall street.....riiiiight!, home inventories up, oil prices up, leading indicators down again, existing home sales unexpectedly up.....right!, even as home inventories up as prices fell, warnings from the tech sector, all no problemo for the frauds on wall street, [fed heads, who�ve been printing worthless dollars like they�re going out of style because they are (so much so that they�ve stopped reporting M3), remove words �additional firming� is excuse for ridiculous mixed close as previously dollar precipitously fell on the news which is catch 22 as same is hyper-inflationary/stagflationary and dollar denominated assets fall in value], home construction unexpectedly up according to government report (riiiiight.....if you believe same.....I don�t) though permits down, lunatic frauds on wall street rally on the news, builder/construction sentiment down again and now below 50% reflecting reality, obfuscating mergers/b.s. to the rescue,� previous CPI (.4), wholesale (1.3 annualized 15.6), and core (.4) inflation rates far exceed expectations as worthless dollar and massive printing thereof and debt come home to roost, unexpected decline on the Philadelphia Fed's manufacturing index/disappointing NY Empire State Index, commissionable ponzi scheme with borrowed (ie., japan, etc.) and suckers� funds continues,� blowout Q1 earnings report from wall street lunatic frauds morgan stanley, goldman sachs (daaaaah!) even as record foreclosure rate and retail sales below expectations, mergers obfuscate dismal picture, retail sales down (they say it�s the weather.....riiiiight.....how about consumer debt at record $2.41 trillion) jobs data from private (as opposed to government) entity below expectations (who would have thunk it!.....riiiiight! But wait; latest government data at expectations and above, revising past data as unemployment rate falls to 4.5%.....and says trade deficit trend changing..... riiiiight!), along with below expectations oil inventories which had spurred oil price rally, while productivity below expectations/wage costs higher and above expectations (very inflationary), no problemo for the lunatic frauds on wall street (what a joke wall street is!) who are maniacal as lunatics suckers short-covering �bear market/higher oil prices/fake economic reports/fed speak rally� (based upon b**l s**t/fake reports even assuming fake growth rate though false, the decline of the fiat currency, the worthless dollar would negate same in real terms) (b.s. contrary to bernanke testimony before congress owing to previous implicit threat of prosecution for false statements)� fueled by b**l s**t alone ridiculously rally into the close to suck the suckers in; ie., as the Dow Jones industrial average up 4, S&P up 3, and NASDAQ up 8, all very commissionable on heavy volume, as in final pre-election result push for bush, which fell very short but has provided the same pump-priming of the market as most recently seen in 1999 which ended quite badly even without the exacerbating effects of huge unsustainable and debilitating debt/deficits deferring/delaying/prolonging the inevitable reality even as entire domestic u.s. industries are rendered what is tantamount to defunct and with corporate welfare unwisely spent (war crimes, etc.). Greenspan Warns of Likely U.S. Recession..... FORECLOSURES AT RECORD PACE, retail sales below expectations. TOP INVESTOR, SOROS' PARTNER, SEES U.S. PROPERTY CRASH 3-16-07 Major Mortgage Lender On Bankruptcy's Doorstep... REIT New Century Financial (NEW 3.21, halted at 0).....Everything is hunky doory says financial propaganda minister/comedian paulson (son of pat paulson?) while Moody�s says at least a 10% correction from fraudulent bubble highs is warranted/appropriate (I believe that to be a modest analytical view). Who would you believe? What do you expect a member of a failed administration to say? What�s changed? Nothing, as the frauds on wall street continue their commissionable ponzi scheme with borrowed (ie., japan, etc.) and suckers� funds.� Real estate experts say the pain/damage will exceed that of prior downturns since the great depression.Bernanke responds to recession prediction with b**l s**t (to his small credit he begrudgingly admits to looming fiscal crisis). Top investor, Soros partner sees property crash: 'You can't believe how bad it's going to get'... Manufacturing activity in u.s. up say fake reports (what, paper/worthless dollars/ securities/packaging for imported goods/parts/components, etc.). �BROKERS AT 'TOP-TIER' FIRMS CHARGED IN INSIDER TRADING SCHEME JUST TIP OF THE ICEBERG. New home sales down 17%.....Durables down over seven percent. Are they going to fudge/falsify the GDP revision? Oil rise on US energy inventory data. Stagflation, fake reports understate fundamental weakness, higher oil prices rally. Housing starts down sharply, as investors, domestic and international, dramatically slow purchase of fiat currency/worthless us/dollar denominated stocks and bonds. Record real estate price slump; industrial production/utilization down. Record home price slump. Retail numbers at best (I don�t believe them for a second) just flat; massive layoffs at Chrysler; more government borrowing to paint false facade. Trade deficit up sharply and new record for all of 2006 - $763 billion (the market last rallied with previous month�s improvement, and rallies with worsening, everything else was typical wall street b**l s**t meaning and based on nothing, ie., m&a, upgrade, etc.). Default rates up again. HSBC Holdings, the world's third largest bank, warned that provisions for bad debt will be some 20% higher than previously thought. SEC launch of insider trading (pervasive on fraudulent wall street) probe just tip of the iceberg. Negative savings rate (highest since great depression), factory output down, home inventories highest since last crash, defaults up, gm and ford sales down 17% and 19%, deficits trade/budget, dollar down and going lower, january jobs data weaker than the consensus estimate and below the average gain of 153,000 per month for all of 2006 and viewed as bearish......but no problemo if you�re a lunatic fraud on wall street. Personal Savings at Lowest Point Since 1933-- Great Depression's low. �Fake economic growth report from the administration. Mergers and acquisitions continue to cloud the picture facilitating the fraud. Having beat fraudulent alice-in-wonderland lunatic world of wall street expectations with Record Loss of $12.7 Billion, the rally in Ford�s stock continues..... riiiiight! Fake numbers also a plus. Ford Posts Record Loss of $12.7 Billion.....stock rallies on the news.....riiiiight! P/E ratios far beyond the mean particularly for this stage in the cycle for selected securities (ie., 80+, etc.). Higher oil prices and fake indicators report spark rally.....riiiiight! Report on leading economic indicators is delayed (very unusual unless you understand the greater complexity in fudging same.....not to worry, fans of frauds on wall street.....the lunatic frauds will also get their churn-and-earn commission dollars on the way down).Fed Chairman Bernanke begins to euphemistically discuss reality on capital hill. PAPER: Condo market in DC, Vegas, Miami and Boston has collapsed... Euro displaces dollar in bond markets...13 charged in Wall Street insider trading ring CNN International Higher oil prices and fake numbers spurs rally. More fake job numbers (at best, hamburger helpers, etc.). Foreclosures Rip Neighborhoods in Denver. Yahoo profit falls 61% but rallies 6% on b**l s**t alone. �Insider-Trading Ring Bust in US Fuels Hedge-Fund Concerns. Jawboning by kohn of print-those-worthless-dollars fed raises market.....riiiiight! The ism services index fell, but that was down from an unexpectedly and fake strong read a month earlier, manufacturing index up slightly to 51.4 (they must be counting hamburgers as manufactured goods in u.s......riiiiight!) but fed knows they�ve been printing worthless dollars like mad which of course is hyperinflationary and will come home to roost, along with huge debt/deficits, trade and budget, Stores Report Disappointing Dec. Sales, Gap Woes Deepen in Bleak Holiday Season. Ford and GM auto sales down 13%. More reports in defiance of reality, oil prices up, Dollar Slides...,every intelligent analyst/economist knows that the new home sales number from the government is a total lie that will be revised downward later, that the options scandals are pervasive in fraudulent america (100 investigations just tip of the iceberg), oil stocks continue to rally on lower oil prices, as previously on pipeline explosion in Nigeria, spill in Gulf, and sanctions for Iran, and sharp FALL in oil prices.....riiiiight!.....predictions of disappointing retail sales even with fire-sale discounted prices,..... Highest increase (2%) in 30 years for the wholesale price index, and as well, the core ppi (1.3%), GDP growth less than expected at 2%, dollar sharply lower, oil prices up, building permits down, all unexpectedly bad but great news in the fraudulent alice-in-wonderland lunatic world of wall street. New Record Quarterly Trade Deficit initially spurred lunatic market rally along with obfuscating but very commissionable merger activity. Core inflation a very unexpected unchanged .....riiiiight!.....spurs superstitious, devoid of reality, santa rally.� Investment Banks Post Record 2006 Profit .....daaaaah! Churning and earning on worthless paper, where is that commission dollar coming from even as america has ceded solvency/leadership in every economic measure. Even at the lofty record numbers the indices are worth roughly half their value based on precipitous fall of the dollar in only 5 years with further downside to go. Superstitious �Santa Claus rally�.....riiiiight! High oil price rally.....riiiiight!� Total� bulls**t ! Retail sales up a very unexpected 1%, riiiiight, at the same time inventories of such goods rising substantially (do you think they�re booking sales to �straw men/companies�.....I do!) and oil inventories down. Fake employment numbers (from the government.....riiiiight!) the impetus for previous b.s. rally despite falling sentiment and uptick in unemployment. The ism services index (financed by unsustainable deficit/debt spending and pushing/commissioning worthless paper) and jawboning/bulls**t from the housing industry (the end is near.....riiiiight!), obfuscating mergers continued to cloud the picture, closely-watched core-PCE deflator had risen a more than expected 0.2%, second sub-50 reading on manufacturing activity in as many sessions-the November ISM index unexpectedly fell to 49.5 (consensus 52.0), Chicago PMI fell to its lowest level (49.9%) in October, and below the 50 level, indicating contraction, crude prices up� (OIL PRICES RISE ABOVE $63 A BARREL...), DOLLAR RESUMES SLIDE, Fed Chairman Bernanke & Co. cheerleading/jawboning/bulls**t, 3.2% decline in new home sales, oil inventories down and oil prices up, oil producers shun the dollar, Russia and Opec shift revenues into euros, yen and sterling..., all very bad news anywhere but in the fraudulent alice-in-wonderland world of wall street. Durable goods orders fell sharply, sentiment down, but supposedly used home sales rose slightly (riiiiight.....who says; the realtors/government who have been talking up this bubble market?) albeit at sharply lower prices. DOLLAR PLUNGES TO NEAR 15-YEAR LOW� In other words, no good news to justify the ridiculous up move by the alice-in-wonderland frauds of wall street. Worthless dollar, triple deficits, stock/options scandals/corruption, as some speculate that fed is behind purchases/manipulation (through proxy) of worthless american paper now being shunned by more rational market players abroad.� MARKETS ROCKED BY LONG OVERDUE BUT STILL MODEST RELATIVE TO REALITY SHARP SLIDE IN DOLLAR...There has never been a time since 1929 when stock prices and p/e ratios were so irrationally high for this point in a bull cycle in this indisputable secular bear market, particularly with the existing unprecedented structural economic problems, ie., trade and budget deficits, worthless dollar, scandals, fraud, corruption , etc.. In fact, unemployment unexpectedly rose substantially and consumer sentiment unexpectedly but similarly realistically fell, both very negative exept in the� fraudulent alice-in-wonderland world of wall street. Indeed, the housing bubble bursting with ie., unexpected 14% decline in starts/permits, etc., led to rally in the fraudulent alice-in-wonderland world of wall street. Obfuscating mergers help preclude detection of this massive and pervasive fraud which defies analysis owing to these mergers. New talking pointing: dell numbers exceed expectations depending upon ongoing government scrutiny of their accounting practices.....riiiiight! More contrived manipulated markets and data well as that previous unexpected rise in that global hub of manufacturing activity, New York (worthless paper is their real product, etc.) �..riiiiight!�.. underpins fraudulent up move. Reassuring Fed speak, also known as b**l s**t, along with IPO�s (get the suckers in at the highs as in late 90�s market bubble), and shrugging off pervasive stock/options fraud as at, ie., KB Homes, etc., leave stocks ridiculously higher. Nations leaving the worthless dollar in droves for currencies backed by value and for precious metals. Based on the self-interested statement of typical fraud american and fed rep, we hear once again the wishful thought that housing has bottomed.....right! [Reality/Truth: US housing slump deepens, spreads]. Home depot rallies despite lower than expected results and lower guidance for the year.....right! Who is stupid enough to believe anything the fraudulent criminal americans say. They are printing worthless dollars like mad. Consumer sentiment actually previously fell and there was nothing but wall street lunacy to prop the fraudulent market. The republicans who lockstepped with war criminal dumbya bush deserved to lose. The frauds on wall street now looking for the new corporate welfare program for which to sell the sizzle ie., stem cells, etc.. The know-nothing pundits are now saying the up move without any rational basis is predicated upon the the falsity that gridlock in washington is welcomed and good because no regulation of, ie., fraud on wall street, etc., can be passed. How about a tax on stock trades to come directly from the traders' (traitors/frauds) bottom lines and provide a disincentive for the churn-and-earn fraud which is tantamount to a wasteful tax on the economy. Even token Christian paulison from jew fraud wall street couldn't stem the tide against the blatent zionist/neocon/bush co failure accross the board as the wall street frauds show record profits financed, albeit indirectly, by huge deficits, both trade and budget. Obfuscating mergers blur the picture to provide cover for up move talking points in defiance of reality.� Stagflation and full employment revisions pre-election.....riiiiight. Productivity comes in at a less than expected 0 (inflationary). The only surprise should have been that the number wasn't negative. The pundits are now saying that the market/wall street fraud is in a state of denial regarding economic fundamentals and that the market is substantially overbought, overvalued, overfrauded, over, etc., the manufacturing index coming in lower than expectations. Consumer sentiment unexpectedly fell.....daaaaah. Pre-election core inflation rate report good �..riiiiight�..but savings rate still negative and walmart sales/profits/outlook substantially below expectations but what the heck, they�re wallstreet lunatics/frauds and reality is no problem. Despite pre-election deficit spending, GNP comes in a less than expected paltry 1.6% increase with worthless falling dollar the catch-22 precluding reality avoidance and the worst yet to come. More nations leaving the worthless dollar as reserve currency even as frauds on wall street reach new highs (What are they smoking? Coking? or like the dollar just cracking) based on corporate welfare flows with money the nation doesn't have pre-election (record deficits). Housing prices continue their sharp decline as bubble deflates. GM only lost 115 million. Ford lost 5.8 billion and must restate earnings back to year 2000 is a bullish sign in the fraudulent alice-in-wonderland lunatic world of wall street. Typical pre-fed meeting rally to provide a cushion for any negative pronouncements which reality would require but are seldom forthcoming by the accommodative frauds who have similarly embraced unreality. Indeed, the gutless wimps of wall street think they're "tough" when they fraudulently take the market higher despite a clearly contrary fact based reality. Caterpillar relates the pervasive reality and the frauds on wallstreet intimidate same with sell off, ignoring pervasive options scandal/fraud and rallies Merck despite lower than expectation results.....riiiiight! Election year corporate welfare to prime the pump and the mock stock market with money the nation doesn�t have (increasing already huge deficits). CPI figures (upon which government inflation adjusted payment obligations are based) lower than expected�..riiiiight! Intel earnings/revenues down sharply but according to the lunatic frauds on wall street, beat expectations and stock rallies along with yahoo which as in the pre-dot com bust days says better days are a coming�.. riiiiight Core inflation rate which is closely watched by the Fed exceeds all expectations. Fraud Merrill Lynch has really been pushing and commissioning that worthless paper and reports record earnings, despite having produced nothing and for very little if any value added (that ill-gotten money has to come from somewhere-your pockets?). The big economic report awaiting scrutiny was the monthly trade deficit which was expected to narrow but in fact INCREASED to 69.9 billion. The alice-in-wonderland lunatic wall street frauds rallied on the news as the dollar precipitously fell. The Fed Chairman said there is a "substantial correction" in housing, which will probably shave about 1% off growth in the second half of the year. The Institute of Supply Management said its services index fell to 52.9 in September -- the lowest level since April 2003. Great News�.. riiiiight!..... Consumer Confidence Higher Than Expected... riiiiight!..... and housing starts were down sharply but not-as-bad-as-expectations game in play US Existing Home Sales Fall 0.5% in August; Sales Price Drops Existing-home prices fall for 1st time in 11 years along with fed jaw-boning pre-election that inflation has been licked .....riiiiight �..despite printing worthless dollars like they�re going out of style because they really are! Fed did nothing and stocks rallied, pre-election.....riiiiight! What about the reality of u.s. debt service at a record unsustainable $2 billion per day on a revolving $2 trillion charge account with ie., China, etc.. The fact that foreclosures are up and that there is projected new trade deficit record, fake government inflation numbers for election year purposes, housing starts down 6% means little to the alice-in-wonderland lunatic frauds of wall street and the so-called pundits including yahoo below. Almost all computerized volume is and must be considered heavy, manipulated, economically wasteful volume [stocks move contrary to rational analytical facts (ie., exceeded lowered expectations, things so bad interest rates can�t rise, exceeded expectations, no earnings but outlook extraordinary, the fed says booo as they print more worthless dollars to finance deficits, etc. ) is money in the bank for the frauds on wall street when they unwind said irrational positions ]. Philadelphia Federal Reserve announces that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, leading economic indicators fall .2%, and previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows with b**l s**t from Yahoo (which didn�t even reference the record unanticipated trade gap):

Alcoa's 1st-Quarter Profit Rises 9 Pct.
AP - Record aerospace industry demand and higher metal prices helped lift Alcoa Inc.'s first-quarter profits nearly 9 percent, as the aluminum maker kicked off earnings season and gave Wall Street its first taste of how companies have fared so far this year.

�� Stocks closed higher Tuesday, but market gains were modest in scope given a lack of corporate news, no scheduled economic data, and a sense of caution that typically precedes the start of earnings season, especially one in which 14 consecutive quarters of double-digit profit growth for the S&P 500 are likely to come to an end. Alcoa (AA 34.90 +0.03), the best performing Dow component last quarter (+13.6%), was scheduled to officially kick things off with its Q1 report after the closing bell.Speaking of the blue-chip index, it finished to the upside for an eighth consecutive day, recording its longest winning streak since March 2003. However, had it not been for respective gains of 1.6% and 1.0% in Citigroup (C 52.41 +0.83) and Exxon Mobil (XOM 77.59 +0.79), which rank as two of the most heavily-weighted constituents in the S&P 500, the Dow's streak would have been snapped.Among the nine sectors finishing in positive territory, Energy was the only one posting a respectable gain; but its 1.4% advance was tied primarily to a rebound in oil prices, which is bearish for equities. Crude for May delivery rose 0.6% to $61.89/bbl as yesterday's sharp 4.3% sell-off and the possibility that weekly gasoline inventories fell for a ninth week renewed buying interest. The remaining eight sectors trading higher averaged gains of only 0.15%; meanwhile, below average volume on the NYSE showed there was little conviction on the part of today's participants.Technology was in focus following upgrades on a few notable sector components (e.g. ORCL +1.5%, AMAT +4.0%, and ADSK +3.8%), as well as upbeat analyst commentary on Intel (INTC 20.69 +0.59). However, Seagate Technology (STX 21.90 -1.56) warning that Q3 revenue will miss forecasts left investors questioning the sector's growth prospects. Tech is expected to be one of the S&P 500's biggest earnings drivers this year.A market increasingly sensitive to weak data, especially from the housing sector, viewed a 37% drop in Q2 net sales orders at D.R. Horton (DHI 21.65 -0.39) as a reason to keep selling homebuilders (-1.2%), this year's worst performing S&P industry group (-20.1%). A report from Equifax/Moody's that showed the national mortgage delinquency rate hit an all-time high of 2.87% in Q1 also took some steam out the Consumer Discretionary sector's recent recovery efforts.Separately, Fed Governor Mishkin saying the current rate of inflation remains too high and that policy makers will need to raise interest rates if price gains don't moderate also stalled momentum following last week's rally. BTK -0.7% DJ30 +4.71 DJTA -0.3% DJUA +0.3% DOT +0.4% NASDAQ +8.43 NQ100 +0.5% R2K +0.4% SOX 0.8% SP400 +0.3% SP500 +3.78 XOI +0.9% NASDAQ Dec/Adv/Vol 1358/1677/1.75 bln NYSE Dec/Adv/Vol 1265/2014/1.20 bln

There is nothing to rationally justify the previous up move or mixed results in the market other than what is tantamount to a negative, and based upon spurious data from the government; ie., fake government numbers said total PPI rose a smaller than expected 0.1% (consensus 0.4%) in July, which was well below the 0.5% jump in June, while the more closely watched core rate (ex-food and energy) unexpectedly (RIIIIIGHT!) fell 0.3% (consensus +0.2%) -- the first decline since October and the largest drop since a 0.5% decline in April 2003. Home Sales Decline in 28 States, D.C.. Real estate prices down/stagnant. But housing stocks�..up.....riiiiight!.....in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down.� Martin Crutsinger, AP Economics Writer, previously wrote,� U.S. Trade Deficit Falls 0.3 Percent in June to $64.8B, Offsetting Jump in Chinese Imports. Dell Recall Stems From sony Production Flaw� WASHINGTON (AP) -- America's trade deficit showed a slight improvement as strong global growth pushed U.S. exports to a record level. That helped offset a surge in Chinese imports and record crude oil prices. The deficit declined 0.3 percent in June, compared with May, dropping to $64.8 billion, still the fifth largest imbalance on record, the Commerce Department reported Thursday. The deficit is running at an annual rate of $768 billion through the first six months of this year, putting the country on track to see a fifth straight record imbalance. Last year's deficit was $716.7 billion. Prior considerations remain apposite in this clearly overvalued market. The frauds on wall street feel compelled to continue their tradition/superstition/fraud tactic of buying on the rumor and selling on the news (fact) of the Fed�s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money.� Yahoo previously commented: Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance....., to which I responded, Wild..... I�ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported and will now join gm in worker buyouts; but both GM and Ford will now offer built-in ipods which should substantially help their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Analyst says GM good news now behind it (past/discounted), yet stock still rose upon said analysis �..riiiiight�.. daaaaah! Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal, maybe even suspension, that has cast a harsh light on Silicon Valley's compensation practices. Don�t forget that GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland lunatic world of wall street is of course good news. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid (approx.) 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it�s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very commissionable (investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $61; yes, as in the last crash, they will get fooled again� as stocks up sharply in the fraudulent alice-in-wonderland lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the pundits/analysts are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley (who also says that in Europe bush�s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the �better than expectations� game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. Spotlight on the Stock Option Scandal-The share prices of companies involved in stock options backdating have held up well compared to the broader market. But shareholders might be in for a rougher ride. Plus, why the Nasdaq has its hands full. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived pearl harbor effect)/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/ and the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what�s up is down and what�s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they�ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin� to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don�t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)

"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006

WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):

The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

(4-09-07) The crazed lunatic frauds on wall street still in frenzied rally mode on stellar employment report from government (what about the real $11 TRILLION unfunded social security/medicare unfunded liabilty by actuarial/accounting standards) ...riiiiight!..., as previously u.s. auto sector sparks rally...riiiiight!..., despite previously experts acknowledging SEC must crackdown on rampant insider trading on M&A info, both services and manufacturing indices far below expectations, u.s. auto sales down, February existing home sales up but down 8.5% from previous year.....riiiiight!...previously, manufacturing index barely positive and substantially below expectations, producer prices up and above expectations, citing obfuscating mergers, higher oil prices, and a new way to scam the unwary public by unloading their worthless paper on workers through ESOPs, rally into the close building on previous stagflation report of high core rate of inflation, slightly higher spending on lower income, high oil prices and fake upward revision to GDP report (riiiiight! US GDP growth hobbled by stocks of unsold ) still relying on b**l s**t alone, even as Bernanke totally dashes wall street�s previous b.s. story underlying the previous week�s fraudulent up move based on b**l s**t alone and the paper paper chase/commissionable ponzi scheme continues (with borrowed funds) but will unwind/unravel as they always do, Home prices down/worst since '94, defaults up, new home sales unexpectedly down 3.9%.....it�s the weather say the frauds on wall street.....riiiiight!, home inventories up, oil prices up, leading indicators down again, existing home sales unexpectedly up.....right!, even as home inventories up as prices fell, warnings from the tech sector, all no problemo for the frauds on wall street, [fed heads, who�ve been printing worthless dollars like they�re going out of style because they are (so much so that they�ve stopped reporting M3), remove words �additional firming� is excuse for ridiculous mixed close as previously dollar precipitously fell on the news which is catch 22 as same is hyper-inflationary/stagflationary and dollar denominated assets fall in value], home construction unexpectedly up according to government report (riiiiight.....if you believe same.....I don�t) though permits down, lunatic frauds on wall street rally on the news, builder/construction sentiment down again and now below 50% reflecting reality, obfuscating mergers/b.s. to the rescue,� previous CPI (.4), wholesale (1.3 annualized 15.6), and core (.4) inflation rates far exceed expectations as worthless dollar and massive printing thereof and debt come home to roost, unexpected decline on the Philadelphia Fed's manufacturing index/disappointing NY Empire State Index, commissionable ponzi scheme with borrowed (ie., japan, etc.) and suckers� funds continues,� blowout Q1 earnings report from wall street lunatic frauds morgan stanley, goldman sachs (daaaaah!) even as record foreclosure rate and retail sales below expectations, mergers obfuscate dismal picture, retail sales down (they say it�s the weather.....riiiiight.....how about consumer debt at record $2.41 trillion) jobs data from private (as opposed to government) entity below expectations (who would have thunk it!.....riiiiight! But wait; latest government data at expectations and above, revising past data as unemployment rate falls to 4.5%.....and says trade deficit trend changing..... riiiiight!), along with below expectations oil inventories which had spurred oil price rally, while productivity below expectations/wage costs higher and above expectations (very inflationary), no problemo for the lunatic frauds on wall street (what a joke wall street is!) who are maniacal as lunatics suckers short-covering �bear market/higher oil prices/fake economic reports/fed speak rally� (based upon b**l s**t/fake reports even assuming fake growth rate though false, the decline of the fiat currency, the worthless dollar would negate same in real terms) (b.s. contrary to bernanke testimony before congress owing to previous implicit threat of prosecution for false statements)� fueled by b**l s**t alone ridiculously rally �to suck the suckers in; ie., as the Dow Jones industrial average up 8, S&P up 0, and NASDAQ down 2, all very commissionable on heavy volume, as in final pre-election result push for bush, which fell very short but has provided the same pump-priming of the market as most recently seen in 1999 which ended quite badly even without the exacerbating effects of huge unsustainable and debilitating debt/deficits deferring/delaying/prolonging the inevitable reality even as entire domestic u.s. industries are rendered what is tantamount to defunct and with corporate welfare unwisely spent (war crimes, etc.). Greenspan Warns of Likely U.S. Recession..... FORECLOSURES AT RECORD PACE, retail sales below expectations. TOP INVESTOR, SOROS' PARTNER, SEES U.S. PROPERTY CRASH 3-16-07 Major Mortgage Lender On Bankruptcy's Doorstep... REIT New Century Financial (NEW 3.21, halted at 0).....Everything is hunky doory says financial propaganda minister/comedian paulson (son of pat paulson?) while Moody�s says at least a 10% correction from fraudulent bubble highs is warranted/appropriate (I believe that to be a modest analytical view). Who would you believe? What do you expect a member of a failed administration to say? What�s changed? Nothing, as the frauds on wall street continue their commissionable ponzi scheme with borrowed (ie., japan, etc.) and suckers� funds.� Real estate experts say the pain/damage will exceed that of prior downturns since the great depression.Bernanke responds to recession prediction with b**l s**t (to his small credit he begrudgingly admits to looming fiscal crisis). Top investor, Soros partner sees property crash: 'You can't believe how bad it's going to get'... Manufacturing activity in u.s. up say fake reports (what, paper/worthless dollars/ securities/packaging for imported goods/parts/components, etc.). �BROKERS AT 'TOP-TIER' FIRMS CHARGED IN INSIDER TRADING SCHEME JUST TIP OF THE ICEBERG. New home sales down 17%.....Durables down over seven percent. Are they going to fudge/falsify the GDP revision? Oil rise on US energy inventory data. Stagflation, fake reports understate fundamental weakness, higher oil prices rally. Housing starts down sharply, as investors, domestic and international, dramatically slow purchase of fiat currency/worthless us/dollar denominated stocks and bonds. Record real estate price slump; industrial production/utilization down. Record home price slump. Retail numbers at best (I don�t believe them for a second) just flat; massive layoffs at Chrysler; more government borrowing to paint false facade. Trade deficit up sharply and new record for all of 2006 - $763 billion (the market last rallied with previous month�s improvement, and rallies with worsening, everything else was typical wall street b**l s**t meaning and based on nothing, ie., m&a, upgrade, etc.). Default rates up again. HSBC Holdings, the world's third largest bank, warned that provisions for bad debt will be some 20% higher than previously thought. SEC launch of insider trading (pervasive on fraudulent wall street) probe just tip of the iceberg. Negative savings rate (highest since great depression), factory output down, home inventories highest since last crash, defaults up, gm and ford sales down 17% and 19%, deficits trade/budget, dollar down and going lower, january jobs data weaker than the consensus estimate and below the average gain of 153,000 per month for all of 2006 and viewed as bearish......but no problemo if you�re a lunatic fraud on wall street. Personal Savings at Lowest Point Since 1933-- Great Depression's low. �Fake economic growth report from the administration. Mergers and acquisitions continue to cloud the picture facilitating the fraud. Having beat fraudulent alice-in-wonderland lunatic world of wall street expectations with Record Loss of $12.7 Billion, the rally in Ford�s stock continues..... riiiiight! Fake numbers also a plus. Ford Posts Record Loss of $12.7 Billion.....stock rallies on the news.....riiiiight! P/E ratios far beyond the mean particularly for this stage in the cycle for selected securities (ie., 80+, etc.). Higher oil prices and fake indicators report spark rally.....riiiiight! Report on leading economic indicators is delayed (very unusual unless you understand the greater complexity in fudging same.....not to worry, fans of frauds on wall street.....the lunatic frauds will also get their churn-and-earn commission dollars on the way down).Fed Chairman Bernanke begins to euphemistically discuss reality on capital hill. PAPER: Condo market in DC, Vegas, Miami and Boston has collapsed... Euro displaces dollar in bond markets...13 charged in Wall Street insider trading ring CNN International Higher oil prices and fake numbers spurs rally. More fake job numbers (at best, hamburger helpers, etc.). Foreclosures Rip Neighborhoods in Denver. Yahoo profit falls 61% but rallies 6% on b**l s**t alone. �Insider-Trading Ring Bust in US Fuels Hedge-Fund Concerns. Jawboning by kohn of print-those-worthless-dollars fed raises market.....riiiiight! The ism services index fell, but that was down from an unexpectedly and fake strong read a month earlier, manufacturing index up slightly to 51.4 (they must be counting hamburgers as manufactured goods in u.s......riiiiight!) but fed knows they�ve been printing worthless dollars like mad which of course is hyperinflationary and will come home to roost, along with huge debt/deficits, trade and budget, Stores Report Disappointing Dec. Sales, Gap Woes Deepen in Bleak Holiday Season. Ford and GM auto sales down 13%. More reports in defiance of reality, oil prices up, Dollar Slides...,every intelligent analyst/economist knows that the new home sales number from the government is a total lie that will be revised downward later, that the options scandals are pervasive in fraudulent america (100 investigations just tip of the iceberg), oil stocks continue to rally on lower oil prices, as previously on pipeline explosion in Nigeria, spill in Gulf, and sanctions for Iran, and sharp FALL in oil prices.....riiiiight!.....predictions of disappointing retail sales even with fire-sale discounted prices,..... Highest increase (2%) in 30 years for the wholesale price index, and as well, the core ppi (1.3%), GDP growth less than expected at 2%, dollar sharply lower, oil prices up, building permits down, all unexpectedly bad but great news in the fraudulent alice-in-wonderland lunatic world of wall street. New Record Quarterly Trade Deficit initially spurred lunatic market rally along with obfuscating but very commissionable merger activity. Core inflation a very unexpected unchanged .....riiiiight!.....spurs superstitious, devoid of reality, santa rally.� Investment Banks Post Record 2006 Profit .....daaaaah! Churning and earning on worthless paper, where is that commission dollar coming from even as america has ceded solvency/leadership in every economic measure. Even at the lofty record numbers the indices are worth roughly half their value based on precipitous fall of the dollar in only 5 years with further downside to go. Superstitious �Santa Claus rally�.....riiiiight! High oil price rally.....riiiiight!� Total� bulls**t ! Retail sales up a very unexpected 1%, riiiiight, at the same time inventories of such goods rising substantially (do you think they�re booking sales to �straw men/companies�.....I do!) and oil inventories down. Fake employment numbers (from the government.....riiiiight!) the impetus for previous b.s. rally despite falling sentiment and uptick in unemployment. The ism services index (financed by unsustainable deficit/debt spending and pushing/commissioning worthless paper) and jawboning/bulls**t from the housing industry (the end is near.....riiiiight!), obfuscating mergers continued to cloud the picture, closely-watched core-PCE deflator had risen a more than expected 0.2%, second sub-50 reading on manufacturing activity in as many sessions-the November ISM index unexpectedly fell to 49.5 (consensus 52.0), Chicago PMI fell to its lowest level (49.9%) in October, and below the 50 level, indicating contraction, crude prices up� (OIL PRICES RISE ABOVE $63 A BARREL...), DOLLAR RESUMES SLIDE, Fed Chairman Bernanke & Co. cheerleading/jawboning/bulls**t, 3.2% decline in new home sales, oil inventories down and oil prices up, oil producers shun the dollar, Russia and Opec shift revenues into euros, yen and sterling..., all very bad news anywhere but in the fraudulent alice-in-wonderland world of wall street. Durable goods orders fell sharply, sentiment down, but supposedly used home sales rose slightly (riiiiight.....who says; the realtors/government who have been talking up this bubble market?) albeit at sharply lower prices. DOLLAR PLUNGES TO NEAR 15-YEAR LOW� In other words, no good news to justify the ridiculous up move by the alice-in-wonderland frauds of wall street. Worthless dollar, triple deficits, stock/options scandals/corruption, as some speculate that fed is behind purchases/manipulation (through proxy) of worthless american paper now being shunned by more rational market players abroad.� MARKETS ROCKED BY LONG OVERDUE BUT STILL MODEST RELATIVE TO REALITY SHARP SLIDE IN DOLLAR...There has never been a time since 1929 when stock prices and p/e ratios were so irrationally high for this point in a bull cycle in this indisputable secular bear market, particularly with the existing unprecedented structural economic problems, ie., trade and budget deficits, worthless dollar, scandals, fraud, corruption , etc.. In fact, unemployment unexpectedly rose substantially and consumer sentiment unexpectedly but similarly realistically fell, both very negative exept in the� fraudulent alice-in-wonderland world of wall street. Indeed, the housing bubble bursting with ie., unexpected 14% decline in starts/permits, etc., led to rally in the fraudulent alice-in-wonderland world of wall street. Obfuscating mergers help preclude detection of this massive and pervasive fraud which defies analysis owing to these mergers. New talking pointing: dell numbers exceed expectations depending upon ongoing government scrutiny of their accounting practices.....riiiiight! More contrived manipulated markets and data well as that previous unexpected rise in that global hub of manufacturing activity, New York (worthless paper is their real product, etc.) �..riiiiight!�.. underpins fraudulent up move. Reassuring Fed speak, also known as b**l s**t, along with IPO�s (get the suckers in at the highs as in late 90�s market bubble), and shrugging off pervasive stock/options fraud as at, ie., KB Homes, etc., leave stocks ridiculously higher. Nations leaving the worthless dollar in droves for currencies backed by value and for precious metals. Based on the self-interested statement of typical fraud american and fed rep, we hear once again the wishful thought that housing has bottomed.....right! [Reality/Truth: US housing slump deepens, spreads]. Home depot rallies despite lower than expected results and lower guidance for the year.....right! Who is stupid enough to believe anything the fraudulent criminal americans say. They are printing worthless dollars like mad. Consumer sentiment actually previously fell and there was nothing but wall street lunacy to prop the fraudulent market. The republicans who lockstepped with war criminal dumbya bush deserved to lose. The frauds on wall street now looking for the new corporate welfare program for which to sell the sizzle ie., stem cells, etc.. The know-nothing pundits are now saying the up move without any rational basis is predicated upon the the falsity that gridlock in washington is welcomed and good because no regulation of, ie., fraud on wall street, etc., can be passed. How about a tax on stock trades to come directly from the traders' (traitors/frauds) bottom lines and provide a disincentive for the churn-and-earn fraud which is tantamount to a wasteful tax on the economy. Even token Christian paulison from jew fraud wall street couldn't stem the tide against the blatent zionist/neocon/bush co failure accross the board as the wall street frauds show record profits financed, albeit indirectly, by huge deficits, both trade and budget. Obfuscating mergers blur the picture to provide cover for up move talking points in defiance of reality.� Stagflation and full employment revisions pre-election.....riiiiight. Productivity comes in at a less than expected 0 (inflationary). The only surprise should have been that the number wasn't negative. The pundits are now saying that the market/wall street fraud is in a state of denial regarding economic fundamentals and that the market is substantially overbought, overvalued, overfrauded, over, etc., the manufacturing index coming in lower than expectations. Consumer sentiment unexpectedly fell.....daaaaah. Pre-election core inflation rate report good �..riiiiight�..but savings rate still negative and walmart sales/profits/outlook substantially below expectations but what the heck, they�re wallstreet lunatics/frauds and reality is no problem. Despite pre-election deficit spending, GNP comes in a less than expected paltry 1.6% increase with worthless falling dollar the catch-22 precluding reality avoidance and the worst yet to come. More nations leaving the worthless dollar as reserve currency even as frauds on wall street reach new highs (What are they smoking? Coking? or like the dollar just cracking) based on corporate welfare flows with money the nation doesn't have pre-election (record deficits). Housing prices continue their sharp decline as bubble deflates. GM only lost 115 million. Ford lost 5.8 billion and must restate earnings back to year 2000 is a bullish sign in the fraudulent alice-in-wonderland lunatic world of wall street. Typical pre-fed meeting rally to provide a cushion for any negative pronouncements which reality would require but are seldom forthcoming by the accommodative frauds who have similarly embraced unreality. Indeed, the gutless wimps of wall street think they're "tough" when they fraudulently take the market higher despite a clearly contrary fact based reality. Caterpillar relates the pervasive reality and the frauds on wallstreet intimidate same with sell off, ignoring pervasive options scandal/fraud and rallies Merck despite lower than expectation results.....riiiiight! Election year corporate welfare to prime the pump and the mock stock market with money the nation doesn�t have (increasing already huge deficits). CPI figures (upon which government inflation adjusted payment obligations are based) lower than expected�..riiiiight! Intel earnings/revenues down sharply but according to the lunatic frauds on wall street, beat expectations and stock rallies along with yahoo which as in the pre-dot com bust days says better days are a coming�.. riiiiight Core inflation rate which is closely watched by the Fed exceeds all expectations. Fraud Merrill Lynch has really been pushing and commissioning that worthless paper and reports record earnings, despite having produced nothing and for very little if any value added (that ill-gotten money has to come from somewhere-your pockets?). The big economic report awaiting scrutiny was the monthly trade deficit which was expected to narrow but in fact INCREASED to 69.9 billion. The alice-in-wonderland lunatic wall street frauds rallied on the news as the dollar precipitously fell. The Fed Chairman said there is a "substantial correction" in housing, which will probably shave about 1% off growth in the second half of the year. The Institute of Supply Management said its services index fell to 52.9 in September -- the lowest level since April 2003. Great News�.. riiiiight!..... Consumer Confidence Higher Than Expected... riiiiight!..... and housing starts were down sharply but not-as-bad-as-expectations game in play US Existing Home Sales Fall 0.5% in August; Sales Price Drops Existing-home prices fall for 1st time in 11 years along with fed jaw-boning pre-election that inflation has been licked .....riiiiight �..despite printing worthless dollars like they�re going out of style because they really are! Fed did nothing and stocks rallied, pre-election.....riiiiight! What about the reality of u.s. debt service at a record unsustainable $2 billion per day on a revolving $2 trillion charge account with ie., China, etc.. The fact that foreclosures are up and that there is projected new trade deficit record, fake government inflation numbers for election year purposes, housing starts down 6% means little to the alice-in-wonderland lunatic frauds of wall street and the so-called pundits including yahoo below. Almost all computerized volume is and must be considered heavy, manipulated, economically wasteful volume [stocks move contrary to rational analytical facts (ie., exceeded lowered expectations, things so bad interest rates can�t rise, exceeded expectations, no earnings but outlook extraordinary, the fed says booo as they print more worthless dollars to finance deficits, etc. ) is money in the bank for the frauds on wall street when they unwind said irrational positions ]. Philadelphia Federal Reserve announces that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, leading economic indicators fall .2%, and previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows with b**l s**t from Yahoo (which didn�t even reference the record unanticipated trade gap):

Martha Stewart Relaunching Web Site
AP - Domesticity diva Martha Stewart aims to parlay her authoritative voice on everything about lifestyle to the millions of women who surf the Internet with the relaunch of her namesake Web site.

� Stocks Flat As Market Awaits 1Q Earnings - AP - Mon 6:50 pm ET
Wall Street ended an erratic session essentially flat Monday as investors grew anxious about upcoming first-quarter earnings and the possibility that interest rates won't be declining anytime soon.�� Business Highlights - AP - Mon 6:22 pm ET
The Bush administration announced new trade cases against China on Monday over copyright piracy and restrictions on the sale of American movies, music and books.
�Stocks flat, oil drops and bonds firm - Reuters - Mon 5:02 pm ET
Stocks struggled to finish in a stalemate on Monday as worries about earnings tempered optimism over strong job growth, falling oil prices and talk of what could be the biggest leveraged buyout ever.

There is nothing to rationally justify the previous up move or mixed results in the market other than what is tantamount to a negative, and based upon spurious data from the government; ie., fake government numbers said total PPI rose a smaller than expected 0.1% (consensus 0.4%) in July, which was well below the 0.5% jump in June, while the more closely watched core rate (ex-food and energy) unexpectedly (RIIIIIGHT!) fell 0.3% (consensus +0.2%) -- the first decline since October and the largest drop since a 0.5% decline in April 2003. Home Sales Decline in 28 States, D.C.. Real estate prices down/stagnant. But housing stocks�..up.....riiiiight!.....in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down.� Martin Crutsinger, AP Economics Writer, previously wrote,� U.S. Trade Deficit Falls 0.3 Percent in June to $64.8B, Offsetting Jump in Chinese Imports. Dell Recall Stems From sony Production Flaw� WASHINGTON (AP) -- America's trade deficit showed a slight improvement as strong global growth pushed U.S. exports to a record level. That helped offset a surge in Chinese imports and record crude oil prices. The deficit declined 0.3 percent in June, compared with May, dropping to $64.8 billion, still the fifth largest imbalance on record, the Commerce Department reported Thursday. The deficit is running at an annual rate of $768 billion through the first six months of this year, putting the country on track to see a fifth straight record imbalance. Last year's deficit was $716.7 billion. Prior considerations remain apposite in this clearly overvalued market. The frauds on wall street feel compelled to continue their tradition/superstition/fraud tactic of buying on the rumor and selling on the news (fact) of the Fed�s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money.� Yahoo previously commented: Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance....., to which I responded, Wild..... I�ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported and will now join gm in worker buyouts; but both GM and Ford will now offer built-in ipods which should substantially help their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Analyst says GM good news now behind it (past/discounted), yet stock still rose upon said analysis �..riiiiight�.. daaaaah! Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal, maybe even suspension, that has cast a harsh light on Silicon Valley's compensation practices. Don�t forget that GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland lunatic world of wall street is of course good news. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid (approx.) 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it�s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very commissionable (investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $61; yes, as in the last crash, they will get fooled again� as stocks up sharply in the fraudulent alice-in-wonderland lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the pundits/analysts are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley (who also says that in Europe bush�s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the �better than expectations� game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. Spotlight on the Stock Option Scandal-The share prices of companies involved in stock options backdating have held up well compared to the broader market. But shareholders might be in for a rougher ride. Plus, why the Nasdaq has its hands full. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived pearl harbor effect)/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/ and the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what�s up is down and what�s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they�ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin� to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don�t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)

"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006

WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):

The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

(4-05-07) Full moon and the crazed lunatic frauds on wall street still in frenzied rally mode as u.s. auto sector sparks rally...riiiiight!..., despite previously experts acknowledging SEC must crackdown on rampant insider trading on M&A info, both services and manufacturing indices far below expectations, u.s. auto sales down, February existing home sales up but down 8.5% from previous year.....riiiiight!...previously, manufacturing index barely positive and substantially below expectations, producer prices up and above expectations, citing obfuscating mergers, higher oil prices, and a new way to scam the unwary public by unloading their worthless paper on workers through ESOPs, rally into the close building on previous stagflation report of high core rate of inflation, slightly higher spending on lower income, high oil prices and fake upward revision to GDP report (riiiiight! US GDP growth hobbled by stocks of unsold ) still relying on b**l s**t alone, even as Bernanke totally dashes wall street�s previous b.s. story underlying the previous week�s fraudulent up move based on b**l s**t alone and the paper paper chase/commissionable ponzi scheme continues (with borrowed funds) but will unwind/unravel as they always do, Home prices down/worst since '94, defaults up, new home sales unexpectedly down 3.9%.....it�s the weather say the frauds on wall street.....riiiiight!, home inventories up, oil prices up, leading indicators down again, existing home sales unexpectedly up.....right!, even as home inventories up as prices fell, warnings from the tech sector, all no problemo for the frauds on wall street, [fed heads, who�ve been printing worthless dollars like they�re going out of style because they are (so much so that they�ve stopped reporting M3), remove words �additional firming� is excuse for ridiculous mixed close as previously dollar precipitously fell on the news which is catch 22 as same is hyper-inflationary/stagflationary and dollar denominated assets fall in value], home construction unexpectedly up according to government report (riiiiight.....if you believe same.....I don�t) though permits down, lunatic frauds on wall street rally on the news, builder/construction sentiment down again and now below 50% reflecting reality, obfuscating mergers/b.s. to the rescue,� previous CPI (.4), wholesale (1.3 annualized 15.6), and core (.4) inflation rates far exceed expectations as worthless dollar and massive printing thereof and debt come home to roost, unexpected decline on the Philadelphia Fed's manufacturing index/disappointing NY Empire State Index, commissionable ponzi scheme with borrowed (ie., japan, etc.) and suckers� funds continues,� blowout Q1 earnings report from wall street lunatic frauds morgan stanley, goldman sachs (daaaaah!) even as record foreclosure rate and retail sales below expectations, mergers obfuscate dismal picture, retail sales down (they say it�s the weather.....riiiiight.....how about consumer debt at record $2.41 trillion) jobs data from private (as opposed to government) entity below expectations (who would have thunk it!.....riiiiight! But wait; latest government data at expectations and above, revising past data as unemployment rate falls to 4.5%.....and says trade deficit trend changing..... riiiiight!), along with below expectations oil inventories which had spurred oil price rally, while productivity below expectations/wage costs higher and above expectations (very inflationary), no problemo for the lunatic frauds on wall street (what a joke wall street is!) who are maniacal as lunatics suckers short-covering �bear market/higher oil prices/fake economic reports/fed speak rally� (based upon b**l s**t/fake reports even assuming fake growth rate though false, the decline of the fiat currency, the worthless dollar would negate same in real terms) (b.s. contrary to bernanke testimony before congress owing to previous implicit threat of prosecution for false statements)� fueled by b**l s**t alone ridiculously rally into the close to suck the suckers in; ie., as the Dow Jones industrial average up 30, S&P up 4, and NASDAQ up 13, all very commissionable on heavy volume, as in final pre-election result push for bush, which fell very short but has provided the same pump-priming of the market as most recently seen in 1999 which ended quite badly even without the exacerbating effects of huge unsustainable and debilitating debt/deficits deferring/delaying/prolonging the inevitable reality even as entire domestic u.s. industries are rendered what is tantamount to defunct and with corporate welfare unwisely spent (war crimes, etc.). Greenspan Warns of Likely U.S. Recession..... FORECLOSURES AT RECORD PACE, retail sales below expectations. TOP INVESTOR, SOROS' PARTNER, SEES U.S. PROPERTY CRASH 3-16-07 Major Mortgage Lender On Bankruptcy's Doorstep... REIT New Century Financial (NEW 3.21, halted at 0).....Everything is hunky doory says financial propaganda minister/comedian paulson (son of pat paulson?) while Moody�s says at least a 10% correction from fraudulent bubble highs is warranted/appropriate (I believe that to be a modest analytical view). Who would you believe? What do you expect a member of a failed administration to say? What�s changed? Nothing, as the frauds on wall street continue their commissionable ponzi scheme with borrowed (ie., japan, etc.) and suckers� funds.� Real estate experts say the pain/damage will exceed that of prior downturns since the great depression.Bernanke responds to recession prediction with b**l s**t (to his small credit he begrudgingly admits to looming fiscal crisis). Top investor, Soros partner sees property crash: 'You can't believe how bad it's going to get'... Manufacturing activity in u.s. up say fake reports (what, paper/worthless dollars/ securities/packaging for imported goods/parts/components, etc.). �BROKERS AT 'TOP-TIER' FIRMS CHARGED IN INSIDER TRADING SCHEME JUST TIP OF THE ICEBERG. New home sales down 17%.....Durables down over seven percent. Are they going to fudge/falsify the GDP revision? Oil rise on US energy inventory data. Stagflation, fake reports understate fundamental weakness, higher oil prices rally. Housing starts down sharply, as investors, domestic and international, dramatically slow purchase of fiat currency/worthless us/dollar denominated stocks and bonds. Record real estate price slump; industrial production/utilization down. Record home price slump. Retail numbers at best (I don�t believe them for a second) just flat; massive layoffs at Chrysler; more government borrowing to paint false facade. Trade deficit up sharply and new record for all of 2006 - $763 billion (the market last rallied with previous month�s improvement, and rallies with worsening, everything else was typical wall street b**l s**t meaning and based on nothing, ie., m&a, upgrade, etc.). Default rates up again. HSBC Holdings, the world's third largest bank, warned that provisions for bad debt will be some 20% higher than previously thought. SEC launch of insider trading (pervasive on fraudulent wall street) probe just tip of the iceberg. Negative savings rate (highest since great depression), factory output down, home inventories highest since last crash, defaults up, gm and ford sales down 17% and 19%, deficits trade/budget, dollar down and going lower, january jobs data weaker than the consensus estimate and below the average gain of 153,000 per month for all of 2006 and viewed as bearish......but no problemo if you�re a lunatic fraud on wall street. Personal Savings at Lowest Point Since 1933-- Great Depression's low. �Fake economic growth report from the administration. Mergers and acquisitions continue to cloud the picture facilitating the fraud. Having beat fraudulent alice-in-wonderland lunatic world of wall street expectations with Record Loss of $12.7 Billion, the rally in Ford�s stock continues..... riiiiight! Fake numbers also a plus. Ford Posts Record Loss of $12.7 Billion.....stock rallies on the news.....riiiiight! P/E ratios far beyond the mean particularly for this stage in the cycle for selected securities (ie., 80+, etc.). Higher oil prices and fake indicators report spark rally.....riiiiight! Report on leading economic indicators is delayed (very unusual unless you understand the greater complexity in fudging same.....not to worry, fans of frauds on wall street.....the lunatic frauds will also get their churn-and-earn commission dollars on the way down).Fed Chairman Bernanke begins to euphemistically discuss reality on capital hill. PAPER: Condo market in DC, Vegas, Miami and Boston has collapsed... Euro displaces dollar in bond markets...13 charged in Wall Street insider trading ring CNN International Higher oil prices and fake numbers spurs rally. More fake job numbers (at best, hamburger helpers, etc.). Foreclosures Rip Neighborhoods in Denver. Yahoo profit falls 61% but rallies 6% on b**l s**t alone. �Insider-Trading Ring Bust in US Fuels Hedge-Fund Concerns. Jawboning by kohn of print-those-worthless-dollars fed raises market.....riiiiight! The ism services index fell, but that was down from an unexpectedly and fake strong read a month earlier, manufacturing index up slightly to 51.4 (they must be counting hamburgers as manufactured goods in u.s......riiiiight!) but fed knows they�ve been printing worthless dollars like mad which of course is hyperinflationary and will come home to roost, along with huge debt/deficits, trade and budget, Stores Report Disappointing Dec. Sales, Gap Woes Deepen in Bleak Holiday Season. Ford and GM auto sales down 13%. More reports in defiance of reality, oil prices up, Dollar Slides...,every intelligent analyst/economist knows that the new home sales number from the government is a total lie that will be revised downward later, that the options scandals are pervasive in fraudulent america (100 investigations just tip of the iceberg), oil stocks continue to rally on lower oil prices, as previously on pipeline explosion in Nigeria, spill in Gulf, and sanctions for Iran, and sharp FALL in oil prices.....riiiiight!.....predictions of disappointing retail sales even with fire-sale discounted prices,..... Highest increase (2%) in 30 years for the wholesale price index, and as well, the core ppi (1.3%), GDP growth less than expected at 2%, dollar sharply lower, oil prices up, building permits down, all unexpectedly bad but great news in the fraudulent alice-in-wonderland lunatic world of wall street. New Record Quarterly Trade Deficit initially spurred lunatic market rally along with obfuscating but very commissionable merger activity. Core inflation a very unexpected unchanged .....riiiiight!.....spurs superstitious, devoid of reality, santa rally.� Investment Banks Post Record 2006 Profit .....daaaaah! Churning and earning on worthless paper, where is that commission dollar coming from even as america has ceded solvency/leadership in every economic measure. Even at the lofty record numbers the indices are worth roughly half their value based on precipitous fall of the dollar in only 5 years with further downside to go. Superstitious �Santa Claus rally�.....riiiiight! High oil price rally.....riiiiight!� Total� bulls**t ! Retail sales up a very unexpected 1%, riiiiight, at the same time inventories of such goods rising substantially (do you think they�re booking sales to �straw men/companies�.....I do!) and oil inventories down. Fake employment numbers (from the government.....riiiiight!) the impetus for previous b.s. rally despite falling sentiment and uptick in unemployment. The ism services index (financed by unsustainable deficit/debt spending and pushing/commissioning worthless paper) and jawboning/bulls**t from the housing industry (the end is near.....riiiiight!), obfuscating mergers continued to cloud the picture, closely-watched core-PCE deflator had risen a more than expected 0.2%, second sub-50 reading on manufacturing activity in as many sessions-the November ISM index unexpectedly fell to 49.5 (consensus 52.0), Chicago PMI fell to its lowest level (49.9%) in October, and below the 50 level, indicating contraction, crude prices up� (OIL PRICES RISE ABOVE $63 A BARREL...), DOLLAR RESUMES SLIDE, Fed Chairman Bernanke & Co. cheerleading/jawboning/bulls**t, 3.2% decline in new home sales, oil inventories down and oil prices up, oil producers shun the dollar, Russia and Opec shift revenues into euros, yen and sterling..., all very bad news anywhere but in the fraudulent alice-in-wonderland world of wall street. Durable goods orders fell sharply, sentiment down, but supposedly used home sales rose slightly (riiiiight.....who says; the realtors/government who have been talking up this bubble market?) albeit at sharply lower prices. DOLLAR PLUNGES TO NEAR 15-YEAR LOW� In other words, no good news to justify the ridiculous up move by the alice-in-wonderland frauds of wall street. Worthless dollar, triple deficits, stock/options scandals/corruption, as some speculate that fed is behind purchases/manipulation (through proxy) of worthless american paper now being shunned by more rational market players abroad.� MARKETS ROCKED BY LONG OVERDUE BUT STILL MODEST RELATIVE TO REALITY SHARP SLIDE IN DOLLAR...There has never been a time since 1929 when stock prices and p/e ratios were so irrationally high for this point in a bull cycle in this indisputable secular bear market, particularly with the existing unprecedented structural economic problems, ie., trade and budget deficits, worthless dollar, scandals, fraud, corruption , etc.. In fact, unemployment unexpectedly rose substantially and consumer sentiment unexpectedly but similarly realistically fell, both very negative exept in the� fraudulent alice-in-wonderland world of wall street. Indeed, the housing bubble bursting with ie., unexpected 14% decline in starts/permits, etc., led to rally in the fraudulent alice-in-wonderland world of wall street. Obfuscating mergers help preclude detection of this massive and pervasive fraud which defies analysis owing to these mergers. New talking pointing: dell numbers exceed expectations depending upon ongoing government scrutiny of their accounting practices.....riiiiight! More contrived manipulated markets and data well as that previous unexpected rise in that global hub of manufacturing activity, New York (worthless paper is their real product, etc.) �..riiiiight!�.. underpins fraudulent up move. Reassuring Fed speak, also known as b**l s**t, along with IPO�s (get the suckers in at the highs as in late 90�s market bubble), and shrugging off pervasive stock/options fraud as at, ie., KB Homes, etc., leave stocks ridiculously higher. Nations leaving the worthless dollar in droves for currencies backed by value and for precious metals. Based on the self-interested statement of typical fraud american and fed rep, we hear once again the wishful thought that housing has bottomed.....right! [Reality/Truth: US housing slump deepens, spreads]. Home depot rallies despite lower than expected results and lower guidance for the year.....right! Who is stupid enough to believe anything the fraudulent criminal americans say. They are printing worthless dollars like mad. Consumer sentiment actually previously fell and there was nothing but wall street lunacy to prop the fraudulent market. The republicans who lockstepped with war criminal dumbya bush deserved to lose. The frauds on wall street now looking for the new corporate welfare program for which to sell the sizzle ie., stem cells, etc.. The know-nothing pundits are now saying the up move without any rational basis is predicated upon the the falsity that gridlock in washington is welcomed and good because no regulation of, ie., fraud on wall street, etc., can be passed. How about a tax on stock trades to come directly from the traders' (traitors/frauds) bottom lines and provide a disincentive for the churn-and-earn fraud which is tantamount to a wasteful tax on the economy. Even token Christian paulison from jew fraud wall street couldn't stem the tide against the blatent zionist/neocon/bush co failure accross the board as the wall street frauds show record profits financed, albeit indirectly, by huge deficits, both trade and budget. Obfuscating mergers blur the picture to provide cover for up move talking points in defiance of reality.� Stagflation and full employment revisions pre-election.....riiiiight. Productivity comes in at a less than expected 0 (inflationary). The only surprise should have been that the number wasn't negative. The pundits are now saying that the market/wall street fraud is in a state of denial regarding economic fundamentals and that the market is substantially overbought, overvalued, overfrauded, over, etc., the manufacturing index coming in lower than expectations. Consumer sentiment unexpectedly fell.....daaaaah. Pre-election core inflation rate report good �..riiiiight�..but savings rate still negative and walmart sales/profits/outlook substantially below expectations but what the heck, they�re wallstreet lunatics/frauds and reality is no problem. Despite pre-election deficit spending, GNP comes in a less than expected paltry 1.6% increase with worthless falling dollar the catch-22 precluding reality avoidance and the worst yet to come. More nations leaving the worthless dollar as reserve currency even as frauds on wall street reach new highs (What are they smoking? Coking? or like the dollar just cracking) based on corporate welfare flows with money the nation doesn't have pre-election (record deficits). Housing prices continue their sharp decline as bubble deflates. GM only lost 115 million. Ford lost 5.8 billion and must restate earnings back to year 2000 is a bullish sign in the fraudulent alice-in-wonderland lunatic world of wall street. Typical pre-fed meeting rally to provide a cushion for any negative pronouncements which reality would require but are seldom forthcoming by the accommodative frauds who have similarly embraced unreality. Indeed, the gutless wimps of wall street think they're "tough" when they fraudulently take the market higher despite a clearly contrary fact based reality. Caterpillar relates the pervasive reality and the frauds on wallstreet intimidate same with sell off, ignoring pervasive options scandal/fraud and rallies Merck despite lower than expectation results.....riiiiight! Election year corporate welfare to prime the pump and the mock stock market with money the nation doesn�t have (increasing already huge deficits). CPI figures (upon which government inflation adjusted payment obligations are based) lower than expected�..riiiiight! Intel earnings/revenues down sharply but according to the lunatic frauds on wall street, beat expectations and stock rallies along with yahoo which as in the pre-dot com bust days says better days are a coming�.. riiiiight Core inflation rate which is closely watched by the Fed exceeds all expectations. Fraud Merrill Lynch has really been pushing and commissioning that worthless paper and reports record earnings, despite having produced nothing and for very little if any value added (that ill-gotten money has to come from somewhere-your pockets?). The big economic report awaiting scrutiny was the monthly trade deficit which was expected to narrow but in fact INCREASED to 69.9 billion. The alice-in-wonderland lunatic wall street frauds rallied on the news as the dollar precipitously fell. The Fed Chairman said there is a "substantial correction" in housing, which will probably shave about 1% off growth in the second half of the year. The Institute of Supply Management said its services index fell to 52.9 in September -- the lowest level since April 2003. Great News�.. riiiiight!..... Consumer Confidence Higher Than Expected... riiiiight!..... and housing starts were down sharply but not-as-bad-as-expectations game in play US Existing Home Sales Fall 0.5% in August; Sales Price Drops Existing-home prices fall for 1st time in 11 years along with fed jaw-boning pre-election that inflation has been licked .....riiiiight �..despite printing worthless dollars like they�re going out of style because they really are! Fed did nothing and stocks rallied, pre-election.....riiiiight! What about the reality of u.s. debt service at a record unsustainable $2 billion per day on a revolving $2 trillion charge account with ie., China, etc.. The fact that foreclosures are up and that there is projected new trade deficit record, fake government inflation numbers for election year purposes, housing starts down 6% means little to the alice-in-wonderland lunatic frauds of wall street and the so-called pundits including yahoo below. Almost all computerized volume is and must be considered heavy, manipulated, economically wasteful volume [stocks move contrary to rational analytical facts (ie., exceeded lowered expectations, things so bad interest rates can�t rise, exceeded expectations, no earnings but outlook extraordinary, the fed says booo as they print more worthless dollars to finance deficits, etc. ) is money in the bank for the frauds on wall street when they unwind said irrational positions ]. Philadelphia Federal Reserve announces that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, leading economic indicators fall .2%, and previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows with b**l s**t from Yahoo (which didn�t even reference the record unanticipated trade gap):

Consumer Confidence Falls for 2nd Month
AP - Consumer confidence sank to a six-month low as higher gasoline prices, a housing slump and stock market turbulence made people fret more about the economy.

� Stocks clawed their way higher again Thursday, ending a holiday-shortened week on an upbeat note and extending the winning streak on the Dow and Nasdaq to six sessions. Among the few news items providing a floor of modest buying support were more upbeat analyst commentary, another pullback in oil prices, and some M&A action.With regard to the latter, billionaire investor Kirk Kerkorian's Tracinda Corp made an offer to purchase DaimlerChrysler's (DCX 84.88 +4.32) Chrysler Group for $4.5 bln in cash. The market was trading sideways in a narrow range until that news hit the wires around 1:00 ET. Not surprisingly, General Motors (GM 31.93 +0.90), which has been rumored as a possible bidder, surged to session highs as shareholders, questioning whether such a deal would be the right move for GM considering its own challenges, embraced the news.Aside from Autos gaining momentum, Homebuilders were another bright spot for the Consumer Discretionary sector after Ryland Group (RYL 42.10 +0.85) issued encouraging preliminary Q1 results.Health Care, though, was the day's best-performing sector. However, its 0.7% advance got a big lift from solid follow-through buying in biotech giant Amgen (AMGN 58.33 +1.65). Another sector attracting buyers due in part to its defensive characteristics was Consumer Staples. Distillers ranked as one of the day's best-performing S&P groups after Constellation Brands (STZ 21.50 +0.68) posted a 26% jump in Q4 profits, which plays into Briefing.com's Overweight rating on the sector.Technology was in focus after Micron Technology (MU 11.47 -0.60) posted a wider than expected Q2 loss. Goldman Sachs raising its estimates on Yahoo! (YHOO 31.95 +0.33) and Research in Motion (RIMM 145.65 +3.12), however, helped to provide some reassurance about the influential sector's growth prospects.The Energy sector's resilience in the face of falling oil prices for a third consecutive session was also noteworthy. Crude for May delivery closed down 0.7% and below $64/bbl, or about 6% below the six-month high set a week earlier.Nonetheless, with economic data playing an increasingly important role of late, and no report bigger than tomorrow's closely-watched jobs report given its influence on monetary policy, the market's inability to trade on the employment data until the market reopens Monday left investors cautiously optimistic heading into a three-day weekend. Overall market gains were modest at best and below average volume during another thinly-traded session offered evidence that there was little conviction on the part of buyers. BTK +1.5% DJ30 +30.15 DJTA +0.5% DJUA +0.4% DOT +0.4% NASDAQ +12.65 NQ100 +0.6% R2K +0.3% SOX 0.4% SP400 +0.3% SP500 +4.39 XOI +0.5% NASDAQ Dec/Adv/Vol 1349/1664/1.49 bln NYSE Dec/Adv/Vol 1209/2032/1.13 bln

There is nothing to rationally justify the previous up move or mixed results in the market other than what is tantamount to a negative, and based upon spurious data from the government; ie., fake government numbers said total PPI rose a smaller than expected 0.1% (consensus 0.4%) in July, which was well below the 0.5% jump in June, while the more closely watched core rate (ex-food and energy) unexpectedly (RIIIIIGHT!) fell 0.3% (consensus +0.2%) -- the first decline since October and the largest drop since a 0.5% decline in April 2003. Home Sales Decline in 28 States, D.C.. Real estate prices down/stagnant. But housing stocks�..up.....riiiiight!.....in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down.� Martin Crutsinger, AP Economics Writer, previously wrote,� U.S. Trade Deficit Falls 0.3 Percent in June to $64.8B, Offsetting Jump in Chinese Imports. Dell Recall Stems From sony Production Flaw� WASHINGTON (AP) -- America's trade deficit showed a slight improvement as strong global growth pushed U.S. exports to a record level. That helped offset a surge in Chinese imports and record crude oil prices. The deficit declined 0.3 percent in June, compared with May, dropping to $64.8 billion, still the fifth largest imbalance on record, the Commerce Department reported Thursday. The deficit is running at an annual rate of $768 billion through the first six months of this year, putting the country on track to see a fifth straight record imbalance. Last year's deficit was $716.7 billion. Prior considerations remain apposite in this clearly overvalued market. The frauds on wall street feel compelled to continue their tradition/superstition/fraud tactic of buying on the rumor and selling on the news (fact) of the Fed�s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money.� Yahoo previously commented: Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance....., to which I responded, Wild..... I�ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported and will now join gm in worker buyouts; but both GM and Ford will now offer built-in ipods which should substantially help their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Analyst says GM good news now behind it (past/discounted), yet stock still rose upon said analysis �..riiiiight�.. daaaaah! Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal, maybe even suspension, that has cast a harsh light on Silicon Valley's compensation practices. Don�t forget that GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland lunatic world of wall street is of course good news. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid (approx.) 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it�s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very commissionable (investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $63; yes, as in the last crash, they will get fooled again� as stocks up sharply in the fraudulent alice-in-wonderland lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the pundits/analysts are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley (who also says that in Europe bush�s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the �better than expectations� game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. Spotlight on the Stock Option Scandal-The share prices of companies involved in stock options backdating have held up well compared to the broader market. But shareholders might be in for a rougher ride. Plus, why the Nasdaq has its hands full. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived pearl harbor effect)/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/ and the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what�s up is down and what�s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they�ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin� to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don�t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)

"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006

WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):

The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

(4-04-07) Full moon and the crazed lunatic frauds on wall street still in frenzied rally mode despite experts acknowledging SEC must crackdown on rampant insider trading on M&A info, both services and manufacturing indices far below expectations, u.s. auto sales down, February existing home sales up but down 8.5% from previous year.....riiiiight!...previously, manufacturing index barely positive and substantially below expectations, producer prices up and above expectations, citing obfuscating mergers, higher oil prices, and a new way to scam the unwary public by unloading their worthless paper on workers through ESOPs, rally into the close building on previous stagflation report of high core rate of inflation, slightly higher spending on lower income, high oil prices and fake upward revision to GDP report (riiiiight! US GDP growth hobbled by stocks of unsold ) still relying on b**l s**t alone, even as Bernanke totally dashes wall street�s previous b.s. story underlying the previous week�s fraudulent up move based on b**l s**t alone and the paper paper chase/commissionable ponzi scheme continues (with borrowed funds) but will unwind/unravel as they always do, Home prices down/worst since '94, defaults up, new home sales unexpectedly down 3.9%.....it�s the weather say the frauds on wall street.....riiiiight!, home inventories up, oil prices up, leading indicators down again, existing home sales unexpectedly up.....right!, even as home inventories up as prices fell, warnings from the tech sector, all no problemo for the frauds on wall street, [fed heads, who�ve been printing worthless dollars like they�re going out of style because they are (so much so that they�ve stopped reporting M3), remove words �additional firming� is excuse for ridiculous mixed close as previously dollar precipitously fell on the news which is catch 22 as same is hyper-inflationary/stagflationary and dollar denominated assets fall in value], home construction unexpectedly up according to government report (riiiiight.....if you believe same.....I don�t) though permits down, lunatic frauds on wall street rally on the news, builder/construction sentiment down again and now below 50% reflecting reality, obfuscating mergers/b.s. to the rescue,� previous CPI (.4), wholesale (1.3 annualized 15.6), and core (.4) inflation rates far exceed expectations as worthless dollar and massive printing thereof and debt come home to roost, unexpected decline on the Philadelphia Fed's manufacturing index/disappointing NY Empire State Index, commissionable ponzi scheme with borrowed (ie., japan, etc.) and suckers� funds continues,� blowout Q1 earnings report from wall street lunatic frauds morgan stanley, goldman sachs (daaaaah!) even as record foreclosure rate and retail sales below expectations, mergers obfuscate dismal picture, retail sales down (they say it�s the weather.....riiiiight.....how about consumer debt at record $2.41 trillion) jobs data from private (as opposed to government) entity below expectations (who would have thunk it!.....riiiiight! But wait; latest government data at expectations and above, revising past data as unemployment rate falls to 4.5%.....and says trade deficit trend changing..... riiiiight!), along with below expectations oil inventories which had spurred oil price rally, while productivity below expectations/wage costs higher and above expectations (very inflationary), no problemo for the lunatic frauds on wall street (what a joke wall street is!) who are maniacal as lunatics suckers short-covering �bear market/higher oil prices/fake economic reports/fed speak rally� (based upon b**l s**t/fake reports even assuming fake growth rate though false, the decline of the fiat currency, the worthless dollar would negate same in real terms) (b.s. contrary to bernanke testimony before congress owing to previous implicit threat of prosecution for false statements)� fueled by b**l s**t alone ridiculously rally into the close to suck the suckers in; ie., as the Dow Jones industrial average up 19, S&P up 1, and NASDAQ up 8, all very commissionable on heavy volume, as in final pre-election result push for bush, which fell very short but has provided the same pump-priming of the market as most recently seen in 1999 which ended quite badly even without the exacerbating effects of huge unsustainable and debilitating debt/deficits deferring/delaying/prolonging the inevitable reality even as entire domestic u.s. industries are rendered what is tantamount to defunct and with corporate welfare unwisely spent (war crimes, etc.). Greenspan Warns of Likely U.S. Recession..... FORECLOSURES AT RECORD PACE, retail sales below expectations. TOP INVESTOR, SOROS' PARTNER, SEES U.S. PROPERTY CRASH 3-16-07 Major Mortgage Lender On Bankruptcy's Doorstep... REIT New Century Financial (NEW 3.21, halted at 0).....Everything is hunky doory says financial propaganda minister/comedian paulson (son of pat paulson?) while Moody�s says at least a 10% correction from fraudulent bubble highs is warranted/appropriate (I believe that to be a modest analytical view). Who would you believe? What do you expect a member of a failed administration to say? What�s changed? Nothing, as the frauds on wall street continue their commissionable ponzi scheme with borrowed (ie., japan, etc.) and suckers� funds.� Real estate experts say the pain/damage will exceed that of prior downturns since the great depression.Bernanke responds to recession prediction with b**l s**t (to his small credit he begrudgingly admits to looming fiscal crisis). Top investor, Soros partner sees property crash: 'You can't believe how bad it's going to get'... Manufacturing activity in u.s. up say fake reports (what, paper/worthless dollars/ securities/packaging for imported goods/parts/components, etc.). �BROKERS AT 'TOP-TIER' FIRMS CHARGED IN INSIDER TRADING SCHEME JUST TIP OF THE ICEBERG. New home sales down 17%.....Durables down over seven percent. Are they going to fudge/falsify the GDP revision? Oil rise on US energy inventory data. Stagflation, fake reports understate fundamental weakness, higher oil prices rally. Housing starts down sharply, as investors, domestic and international, dramatically slow purchase of fiat currency/worthless us/dollar denominated stocks and bonds. Record real estate price slump; industrial production/utilization down. Record home price slump. Retail numbers at best (I don�t believe them for a second) just flat; massive layoffs at Chrysler; more government borrowing to paint false facade. Trade deficit up sharply and new record for all of 2006 - $763 billion (the market last rallied with previous month�s improvement, and rallies with worsening, everything else was typical wall street b**l s**t meaning and based on nothing, ie., m&a, upgrade, etc.). Default rates up again. HSBC Holdings, the world's third largest bank, warned that provisions for bad debt will be some 20% higher than previously thought. SEC launch of insider trading (pervasive on fraudulent wall street) probe just tip of the iceberg. Negative savings rate (highest since great depression), factory output down, home inventories highest since last crash, defaults up, gm and ford sales down 17% and 19%, deficits trade/budget, dollar down and going lower, january jobs data weaker than the consensus estimate and below the average gain of 153,000 per month for all of 2006 and viewed as bearish......but no problemo if you�re a lunatic fraud on wall street. Personal Savings at Lowest Point Since 1933-- Great Depression's low. �Fake economic growth report from the administration. Mergers and acquisitions continue to cloud the picture facilitating the fraud. Having beat fraudulent alice-in-wonderland lunatic world of wall street expectations with Record Loss of $12.7 Billion, the rally in Ford�s stock continues..... riiiiight! Fake numbers also a plus. Ford Posts Record Loss of $12.7 Billion.....stock rallies on the news.....riiiiight! P/E ratios far beyond the mean particularly for this stage in the cycle for selected securities (ie., 80+, etc.). Higher oil prices and fake indicators report spark rally.....riiiiight! Report on leading economic indicators is delayed (very unusual unless you understand the greater complexity in fudging same.....not to worry, fans of frauds on wall street.....the lunatic frauds will also get their churn-and-earn commission dollars on the way down).Fed Chairman Bernanke begins to euphemistically discuss reality on capital hill. PAPER: Condo market in DC, Vegas, Miami and Boston has collapsed... Euro displaces dollar in bond markets...13 charged in Wall Street insider trading ring CNN International Higher oil prices and fake numbers spurs rally. More fake job numbers (at best, hamburger helpers, etc.). Foreclosures Rip Neighborhoods in Denver. Yahoo profit falls 61% but rallies 6% on b**l s**t alone. �Insider-Trading Ring Bust in US Fuels Hedge-Fund Concerns. Jawboning by kohn of print-those-worthless-dollars fed raises market.....riiiiight! The ism services index fell, but that was down from an unexpectedly and fake strong read a month earlier, manufacturing index up slightly to 51.4 (they must be counting hamburgers as manufactured goods in u.s......riiiiight!) but fed knows they�ve been printing worthless dollars like mad which of course is hyperinflationary and will come home to roost, along with huge debt/deficits, trade and budget, Stores Report Disappointing Dec. Sales, Gap Woes Deepen in Bleak Holiday Season. Ford and GM auto sales down 13%. More reports in defiance of reality, oil prices up, Dollar Slides...,every intelligent analyst/economist knows that the new home sales number from the government is a total lie that will be revised downward later, that the options scandals are pervasive in fraudulent america (100 investigations just tip of the iceberg), oil stocks continue to rally on lower oil prices, as previously on pipeline explosion in Nigeria, spill in Gulf, and sanctions for Iran, and sharp FALL in oil prices.....riiiiight!.....predictions of disappointing retail sales even with fire-sale discounted prices,..... Highest increase (2%) in 30 years for the wholesale price index, and as well, the core ppi (1.3%), GDP growth less than expected at 2%, dollar sharply lower, oil prices up, building permits down, all unexpectedly bad but great news in the fraudulent alice-in-wonderland lunatic world of wall street. New Record Quarterly Trade Deficit initially spurred lunatic market rally along with obfuscating but very commissionable merger activity. Core inflation a very unexpected unchanged .....riiiiight!.....spurs superstitious, devoid of reality, santa rally.� Investment Banks Post Record 2006 Profit .....daaaaah! Churning and earning on worthless paper, where is that commission dollar coming from even as america has ceded solvency/leadership in every economic measure. Even at the lofty record numbers the indices are worth roughly half their value based on precipitous fall of the dollar in only 5 years with further downside to go. Superstitious �Santa Claus rally�.....riiiiight! High oil price rally.....riiiiight!� Total� bulls**t ! Retail sales up a very unexpected 1%, riiiiight, at the same time inventories of such goods rising substantially (do you think they�re booking sales to �straw men/companies�.....I do!) and oil inventories down. Fake employment numbers (from the government.....riiiiight!) the impetus for previous b.s. rally despite falling sentiment and uptick in unemployment. The ism services index (financed by unsustainable deficit/debt spending and pushing/commissioning worthless paper) and jawboning/bulls**t from the housing industry (the end is near.....riiiiight!), obfuscating mergers continued to cloud the picture, closely-watched core-PCE deflator had risen a more than expected 0.2%, second sub-50 reading on manufacturing activity in as many sessions-the November ISM index unexpectedly fell to 49.5 (consensus 52.0), Chicago PMI fell to its lowest level (49.9%) in October, and below the 50 level, indicating contraction, crude prices up� (OIL PRICES RISE ABOVE $63 A BARREL...), DOLLAR RESUMES SLIDE, Fed Chairman Bernanke & Co. cheerleading/jawboning/bulls**t, 3.2% decline in new home sales, oil inventories down and oil prices up, oil producers shun the dollar, Russia and Opec shift revenues into euros, yen and sterling..., all very bad news anywhere but in the fraudulent alice-in-wonderland world of wall street. Durable goods orders fell sharply, sentiment down, but supposedly used home sales rose slightly (riiiiight.....who says; the realtors/government who have been talking up this bubble market?) albeit at sharply lower prices. DOLLAR PLUNGES TO NEAR 15-YEAR LOW� In other words, no good news to justify the ridiculous up move by the alice-in-wonderland frauds of wall street. Worthless dollar, triple deficits, stock/options scandals/corruption, as some speculate that fed is behind purchases/manipulation (through proxy) of worthless american paper now being shunned by more rational market players abroad.� MARKETS ROCKED BY LONG OVERDUE BUT STILL MODEST RELATIVE TO REALITY SHARP SLIDE IN DOLLAR...There has never been a time since 1929 when stock prices and p/e ratios were so irrationally high for this point in a bull cycle in this indisputable secular bear market, particularly with the existing unprecedented structural economic problems, ie., trade and budget deficits, worthless dollar, scandals, fraud, corruption , etc.. In fact, unemployment unexpectedly rose substantially and consumer sentiment unexpectedly but similarly realistically fell, both very negative exept in the� fraudulent alice-in-wonderland world of wall street. Indeed, the housing bubble bursting with ie., unexpected 14% decline in starts/permits, etc., led to rally in the fraudulent alice-in-wonderland world of wall street. Obfuscating mergers help preclude detection of this massive and pervasive fraud which defies analysis owing to these mergers. New talking pointing: dell numbers exceed expectations depending upon ongoing government scrutiny of their accounting practices.....riiiiight! More contrived manipulated markets and data well as that previous unexpected rise in that global hub of manufacturing activity, New York (worthless paper is their real product, etc.) �..riiiiight!�.. underpins fraudulent up move. Reassuring Fed speak, also known as b**l s**t, along with IPO�s (get the suckers in at the highs as in late 90�s market bubble), and shrugging off pervasive stock/options fraud as at, ie., KB Homes, etc., leave stocks ridiculously higher. Nations leaving the worthless dollar in droves for currencies backed by value and for precious metals. Based on the self-interested statement of typical fraud american and fed rep, we hear once again the wishful thought that housing has bottomed.....right! [Reality/Truth: US housing slump deepens, spreads]. Home depot rallies despite lower than expected results and lower guidance for the year.....right! Who is stupid enough to believe anything the fraudulent criminal americans say. They are printing worthless dollars like mad. Consumer sentiment actually previously fell and there was nothing but wall street lunacy to prop the fraudulent market. The republicans who lockstepped with war criminal dumbya bush deserved to lose. The frauds on wall street now looking for the new corporate welfare program for which to sell the sizzle ie., stem cells, etc.. The know-nothing pundits are now saying the up move without any rational basis is predicated upon the the falsity that gridlock in washington is welcomed and good because no regulation of, ie., fraud on wall street, etc., can be passed. How about a tax on stock trades to come directly from the traders' (traitors/frauds) bottom lines and provide a disincentive for the churn-and-earn fraud which is tantamount to a wasteful tax on the economy. Even token Christian paulison from jew fraud wall street couldn't stem the tide against the blatent zionist/neocon/bush co failure accross the board as the wall street frauds show record profits financed, albeit indirectly, by huge deficits, both trade and budget. Obfuscating mergers blur the picture to provide cover for up move talking points in defiance of reality.� Stagflation and full employment revisions pre-election.....riiiiight. Productivity comes in at a less than expected 0 (inflationary). The only surprise should have been that the number wasn't negative. The pundits are now saying that the market/wall street fraud is in a state of denial regarding economic fundamentals and that the market is substantially overbought, overvalued, overfrauded, over, etc., the manufacturing index coming in lower than expectations. Consumer sentiment unexpectedly fell.....daaaaah. Pre-election core inflation rate report good �..riiiiight�..but savings rate still negative and walmart sales/profits/outlook substantially below expectations but what the heck, they�re wallstreet lunatics/frauds and reality is no problem. Despite pre-election deficit spending, GNP comes in a less than expected paltry 1.6% increase with worthless falling dollar the catch-22 precluding reality avoidance and the worst yet to come. More nations leaving the worthless dollar as reserve currency even as frauds on wall street reach new highs (What are they smoking? Coking? or like the dollar just cracking) based on corporate welfare flows with money the nation doesn't have pre-election (record deficits). Housing prices continue their sharp decline as bubble deflates. GM only lost 115 million. Ford lost 5.8 billion and must restate earnings back to year 2000 is a bullish sign in the fraudulent alice-in-wonderland lunatic world of wall street. Typical pre-fed meeting rally to provide a cushion for any negative pronouncements which reality would require but are seldom forthcoming by the accommodative frauds who have similarly embraced unreality. Indeed, the gutless wimps of wall street think they're "tough" when they fraudulently take the market higher despite a clearly contrary fact based reality. Caterpillar relates the pervasive reality and the frauds on wallstreet intimidate same with sell off, ignoring pervasive options scandal/fraud and rallies Merck despite lower than expectation results.....riiiiight! Election year corporate welfare to prime the pump and the mock stock market with money the nation doesn�t have (increasing already huge deficits). CPI figures (upon which government inflation adjusted payment obligations are based) lower than expected�..riiiiight! Intel earnings/revenues down sharply but according to the lunatic frauds on wall street, beat expectations and stock rallies along with yahoo which as in the pre-dot com bust days says better days are a coming�.. riiiiight Core inflation rate which is closely watched by the Fed exceeds all expectations. Fraud Merrill Lynch has really been pushing and commissioning that worthless paper and reports record earnings, despite having produced nothing and for very little if any value added (that ill-gotten money has to come from somewhere-your pockets?). The big economic report awaiting scrutiny was the monthly trade deficit which was expected to narrow but in fact INCREASED to 69.9 billion. The alice-in-wonderland lunatic wall street frauds rallied on the news as the dollar precipitously fell. The Fed Chairman said there is a "substantial correction" in housing, which will probably shave about 1% off growth in the second half of the year. The Institute of Supply Management said its services index fell to 52.9 in September -- the lowest level since April 2003. Great News�.. riiiiight!..... Consumer Confidence Higher Than Expected... riiiiight!..... and housing starts were down sharply but not-as-bad-as-expectations game in play US Existing Home Sales Fall 0.5% in August; Sales Price Drops Existing-home prices fall for 1st time in 11 years along with fed jaw-boning pre-election that inflation has been licked .....riiiiight �..despite printing worthless dollars like they�re going out of style because they really are! Fed did nothing and stocks rallied, pre-election.....riiiiight! What about the reality of u.s. debt service at a record unsustainable $2 billion per day on a revolving $2 trillion charge account with ie., China, etc.. The fact that foreclosures are up and that there is projected new trade deficit record, fake government inflation numbers for election year purposes, housing starts down 6% means little to the alice-in-wonderland lunatic frauds of wall street and the so-called pundits including yahoo below. Almost all computerized volume is and must be considered heavy, manipulated, economically wasteful volume [stocks move contrary to rational analytical facts (ie., exceeded lowered expectations, things so bad interest rates can�t rise, exceeded expectations, no earnings but outlook extraordinary, the fed says booo as they print more worthless dollars to finance deficits, etc. ) is money in the bank for the frauds on wall street when they unwind said irrational positions ]. Philadelphia Federal Reserve announces that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, leading economic indicators fall .2%, and previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows with b**l s**t from Yahoo (which didn�t even reference the record unanticipated trade gap):

Anschutz to Testify in Nacchio's Defense
AP - Billionaire Philip Anschutz, who hired Joe Nacchio to turn Qwest Communications into a major telecommunications company, has been chosen to kick off the defense's case in Nacchio's insider trading trial.

� The major averages held onto modest gains Wednesday as a diplomatic resolution in the Middle East and some upbeat analyst commentary provided the bulls with just enough impetus to look past more evidence of slowing economic growth.With the Dow, S&P 500 and Nasdaq up 1.0% on average a day earlier, it wasn't surprising to see investors begin to question such sizable gains amid a lack of overwhelming news behind such a surprise rally.However, with a nearly 6% risk premium put into oil futures last week amid growing geopolitical tensions, Iranian President Ahmadinejad announcing the release of 15 British sailors pushed oil prices to session lows and improved overall sentiment. Crude for May delivery was down as much as 1.7% and below $64/bbl; but it closed well off its lows since the geopolitical crisis involving Iran's capture of 15 Britons merely became less of a crisis as Iran continues to defy UN demands to halt its uranium enrichment program.As evidenced by the Nasdaq outpacing its blue-chip counterparts to the upside and logging its fifth consecutive gain, Technology was the day's best performer. Microsoft (MSFT 28.50 +0.63), which is also the Nasdaq's most influential constituent and third most heavily-weighted stock on the S&P 500, was the driving force behind all three indices.The day's best performing Dow component soared 2.3% after a Citigroup analyst raised his Q3 earnings and revenue estimates due to demand for Microsoft's Windows Vista. An analyst upgrade on Semiconductor Equipment (+1.7%), the day's seventh best performing S&P industry group, provided additional sector support.Health Care and Consumer Staples were other bright spots today due in part to their defensive characteristics; but their modest gains struggled to offset the lack of follow-through from the likes of Financials and Industrials. REITs were among the day's biggest disappointments but Industrials was home to the day's worst performing S&P industry group. Human Resources plunged 9.5% after Monster Worldwide (MNST 42.10 -6.41) cut its Q1 revenue guidance.Telecom and Utilities were the day's biggest laggards, but that's understandable since both are among this year's three best-performing sectors.Separately, ISM Services unexpectedly fell in March to 52.4 in March, the lowest reading since April 2003, while the employment component slumped to just above growth at 50.8. The bears also pointed to a smaller than expected rise in February factory orders, which further underscores the weak pace for 2007 manufacturing activity, as another reason to question whether or not yesterday's surprise rally was a bit overdone. BTK +0.6% DJ30 +19.75 DJTA -0.2% DJUA -0.4% DOT -0.2% NASDAQ +8.36 NQ100 +0.3% R2K -0.1% SOX +0.9% SP400 +0.1% SP500 +1.60 XOI +0.6% NASDAQ Dec/Adv/Vol 1631/1356/1.68 bln NYSE Dec/Adv/Vol 1528/1730/1.26 bln

US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)

"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006

WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):

The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

(4-03-07) Blazing full moon and the crazed lunatic frauds on wall street in frenzied rally mode with u.s. auto sales down, February existing home sales up but down 8.5% from previous year.....riiiiight!...previously, manufacturing index barely positive and substantially below expectations, producer prices up and above expectations, citing obfuscating mergers, higher oil prices, and a new way to scam the unwary public by unloading their worthless paper on workers through ESOPs, rally into the close building on previous stagflation report of high core rate of inflation, slightly higher spending on lower income, high oil prices and fake upward revision to GDP report (riiiiight! US GDP growth hobbled by stocks of unsold ) still relying on b**l s**t alone, even as Bernanke totally dashes wall street�s previous b.s. story underlying the previous week�s fraudulent up move based on b**l s**t alone and the paper paper chase/commissionable ponzi scheme continues (with borrowed funds) but will unwind/unravel as they always do, Home prices down/worst since '94, defaults up, new home sales unexpectedly down 3.9%.....it�s the weather say the frauds on wall street.....riiiiight!, home inventories up, oil prices up, leading indicators down again, existing home sales unexpectedly up.....right!, even as home inventories up as prices fell, warnings from the tech sector, all no problemo for the frauds on wall street, [fed heads, who�ve been printing worthless dollars like they�re going out of style because they are (so much so that they�ve stopped reporting M3), remove words �additional firming� is excuse for ridiculous mixed close as previously dollar precipitously fell on the news which is catch 22 as same is hyper-inflationary/stagflationary and dollar denominated assets fall in value], home construction unexpectedly up according to government report (riiiiight.....if you believe same.....I don�t) though permits down, lunatic frauds on wall street rally on the news, builder/construction sentiment down again and now below 50% reflecting reality, obfuscating mergers/b.s. to the rescue,� previous CPI (.4), wholesale (1.3 annualized 15.6), and core (.4) inflation rates far exceed expectations as worthless dollar and massive printing thereof and debt come home to roost, unexpected decline on the Philadelphia Fed's manufacturing index/disappointing NY Empire State Index, commissionable ponzi scheme with borrowed (ie., japan, etc.) and suckers� funds continues,� blowout Q1 earnings report from wall street lunatic frauds morgan stanley, goldman sachs (daaaaah!) even as record foreclosure rate and retail sales below expectations, mergers obfuscate dismal picture, retail sales down (they say it�s the weather.....riiiiight.....how about consumer debt at record $2.41 trillion) jobs data from private (as opposed to government) entity below expectations (who would have thunk it!.....riiiiight! But wait; latest government data at expectations and above, revising past data as unemployment rate falls to 4.5%.....and says trade deficit trend changing..... riiiiight!), along with below expectations oil inventories which had spurred oil price rally, while productivity below expectations/wage costs higher and above expectations (very inflationary), no problemo for the lunatic frauds on wall street (what a joke wall street is!) who are maniacal as lunatics suckers short-covering �bear market/higher oil prices/fake economic reports/fed speak rally� (based upon b**l s**t/fake reports even assuming fake growth rate though false, the decline of the fiat currency, the worthless dollar would negate same in real terms) (b.s. contrary to bernanke testimony before congress owing to previous implicit threat of prosecution for false statements)� fueled by b**l s**t alone ridiculously rally into the close to suck the suckers in; ie., as the Dow Jones industrial average up 128, S&P up 13, and NASDAQ up 28, all very commissionable on heavy volume, as in final pre-election result push for bush, which fell very short but has provided the same pump-priming of the market as most recently seen in 1999 which ended quite badly even without the exacerbating effects of huge unsustainable and debilitating debt/deficits deferring/delaying/prolonging the inevitable reality even as entire domestic u.s. industries are rendered what is tantamount to defunct and with corporate welfare unwisely spent (war crimes, etc.). Greenspan Warns of Likely U.S. Recession..... FORECLOSURES AT RECORD PACE, retail sales below expectations. TOP INVESTOR, SOROS' PARTNER, SEES U.S. PROPERTY CRASH 3-16-07 Major Mortgage Lender On Bankruptcy's Doorstep... REIT New Century Financial (NEW 3.21, halted at 0).....Everything is hunky doory says financial propaganda minister/comedian paulson (son of pat paulson?) while Moody�s says at least a 10% correction from fraudulent bubble highs is warranted/appropriate (I believe that to be a modest analytical view). Who would you believe? What do you expect a member of a failed administration to say? What�s changed? Nothing, as the frauds on wall street continue their commissionable ponzi scheme with borrowed (ie., japan, etc.) and suckers� funds.� Real estate experts say the pain/damage will exceed that of prior downturns since the great depression.Bernanke responds to recession prediction with b**l s**t (to his small credit he begrudgingly admits to looming fiscal crisis). Top investor, Soros partner sees property crash: 'You can't believe how bad it's going to get'... Manufacturing activity in u.s. up say fake reports (what, paper/worthless dollars/ securities/packaging for imported goods/parts/components, etc.). �BROKERS AT 'TOP-TIER' FIRMS CHARGED IN INSIDER TRADING SCHEME JUST TIP OF THE ICEBERG. New home sales down 17%.....Durables down over seven percent. Are they going to fudge/falsify the GDP revision? Oil rise on US energy inventory data. Stagflation, fake reports understate fundamental weakness, higher oil prices rally. Housing starts down sharply, as investors, domestic and international, dramatically slow purchase of fiat currency/worthless us/dollar denominated stocks and bonds. Record real estate price slump; industrial production/utilization down. Record home price slump. Retail numbers at best (I don�t believe them for a second) just flat; massive layoffs at Chrysler; more government borrowing to paint false facade. Trade deficit up sharply and new record for all of 2006 - $763 billion (the market last rallied with previous month�s improvement, and rallies with worsening, everything else was typical wall street b**l s**t meaning and based on nothing, ie., m&a, upgrade, etc.). Default rates up again. HSBC Holdings, the world's third largest bank, warned that provisions for bad debt will be some 20% higher than previously thought. SEC launch of insider trading (pervasive on fraudulent wall street) probe just tip of the iceberg. Negative savings rate (highest since great depression), factory output down, home inventories highest since last crash, defaults up, gm and ford sales down 17% and 19%, deficits trade/budget, dollar down and going lower, january jobs data weaker than the consensus estimate and below the average gain of 153,000 per month for all of 2006 and viewed as bearish......but no problemo if you�re a lunatic fraud on wall street. Personal Savings at Lowest Point Since 1933-- Great Depression's low. �Fake economic growth report from the administration. Mergers and acquisitions continue to cloud the picture facilitating the fraud. Having beat fraudulent alice-in-wonderland lunatic world of wall street expectations with Record Loss of $12.7 Billion, the rally in Ford�s stock continues..... riiiiight! Fake numbers also a plus. Ford Posts Record Loss of $12.7 Billion.....stock rallies on the news.....riiiiight! P/E ratios far beyond the mean particularly for this stage in the cycle for selected securities (ie., 80+, etc.). Higher oil prices and fake indicators report spark rally.....riiiiight! Report on leading economic indicators is delayed (very unusual unless you understand the greater complexity in fudging same.....not to worry, fans of frauds on wall street.....the lunatic frauds will also get their churn-and-earn commission dollars on the way down).Fed Chairman Bernanke begins to euphemistically discuss reality on capital hill. PAPER: Condo market in DC, Vegas, Miami and Boston has collapsed... Euro displaces dollar in bond markets...13 charged in Wall Street insider trading ring CNN International Higher oil prices and fake numbers spurs rally. More fake job numbers (at best, hamburger helpers, etc.). Foreclosures Rip Neighborhoods in Denver. Yahoo profit falls 61% but rallies 6% on b**l s**t alone. �Insider-Trading Ring Bust in US Fuels Hedge-Fund Concerns. Jawboning by kohn of print-those-worthless-dollars fed raises market.....riiiiight! The ism services index fell, but that was down from an unexpectedly and fake strong read a month earlier, manufacturing index up slightly to 51.4 (they must be counting hamburgers as manufactured goods in u.s......riiiiight!) but fed knows they�ve been printing worthless dollars like mad which of course is hyperinflationary and will come home to roost, along with huge debt/deficits, trade and budget, Stores Report Disappointing Dec. Sales, Gap Woes Deepen in Bleak Holiday Season. Ford and GM auto sales down 13%. More reports in defiance of reality, oil prices up, Dollar Slides...,every intelligent analyst/economist knows that the new home sales number from the government is a total lie that will be revised downward later, that the options scandals are pervasive in fraudulent america (100 investigations just tip of the iceberg), oil stocks continue to rally on lower oil prices, as previously on pipeline explosion in Nigeria, spill in Gulf, and sanctions for Iran, and sharp FALL in oil prices.....riiiiight!.....predictions of disappointing retail sales even with fire-sale discounted prices,..... Highest increase (2%) in 30 years for the wholesale price index, and as well, the core ppi (1.3%), GDP growth less than expected at 2%, dollar sharply lower, oil prices up, building permits down, all unexpectedly bad but great news in the fraudulent alice-in-wonderland lunatic world of wall street. New Record Quarterly Trade Deficit initially spurred lunatic market rally along with obfuscating but very commissionable merger activity. Core inflation a very unexpected unchanged .....riiiiight!.....spurs superstitious, devoid of reality, santa rally.� Investment Banks Post Record 2006 Profit .....daaaaah! Churning and earning on worthless paper, where is that commission dollar coming from even as america has ceded solvency/leadership in every economic measure. Even at the lofty record numbers the indices are worth roughly half their value based on precipitous fall of the dollar in only 5 years with further downside to go. Superstitious �Santa Claus rally�.....riiiiight! High oil price rally.....riiiiight!� Total� bulls**t ! Retail sales up a very unexpected 1%, riiiiight, at the same time inventories of such goods rising substantially (do you think they�re booking sales to �straw men/companies�.....I do!) and oil inventories down. Fake employment numbers (from the government.....riiiiight!) the impetus for previous b.s. rally despite falling sentiment and uptick in unemployment. The ism services index (financed by unsustainable deficit/debt spending and pushing/commissioning worthless paper) and jawboning/bulls**t from the housing industry (the end is near.....riiiiight!), obfuscating mergers continued to cloud the picture, closely-watched core-PCE deflator had risen a more than expected 0.2%, second sub-50 reading on manufacturing activity in as many sessions-the November ISM index unexpectedly fell to 49.5 (consensus 52.0), Chicago PMI fell to its lowest level (49.9%) in October, and below the 50 level, indicating contraction, crude prices up� (OIL PRICES RISE ABOVE $63 A BARREL...), DOLLAR RESUMES SLIDE, Fed Chairman Bernanke & Co. cheerleading/jawboning/bulls**t, 3.2% decline in new home sales, oil inventories down and oil prices up, oil producers shun the dollar, Russia and Opec shift revenues into euros, yen and sterling..., all very bad news anywhere but in the fraudulent alice-in-wonderland world of wall street. Durable goods orders fell sharply, sentiment down, but supposedly used home sales rose slightly (riiiiight.....who says; the realtors/government who have been talking up this bubble market?) albeit at sharply lower prices. DOLLAR PLUNGES TO NEAR 15-YEAR LOW� In other words, no good news to justify the ridiculous up move by the alice-in-wonderland frauds of wall street. Worthless dollar, triple deficits, stock/options scandals/corruption, as some speculate that fed is behind purchases/manipulation (through proxy) of worthless american paper now being shunned by more rational market players abroad.� MARKETS ROCKED BY LONG OVERDUE BUT STILL MODEST RELATIVE TO REALITY SHARP SLIDE IN DOLLAR...There has never been a time since 1929 when stock prices and p/e ratios were so irrationally high for this point in a bull cycle in this indisputable secular bear market, particularly with the existing unprecedented structural economic problems, ie., trade and budget deficits, worthless dollar, scandals, fraud, corruption , etc.. In fact, unemployment unexpectedly rose substantially and consumer sentiment unexpectedly but similarly realistically fell, both very negative exept in the� fraudulent alice-in-wonderland world of wall street. Indeed, the housing bubble bursting with ie., unexpected 14% decline in starts/permits, etc., led to rally in the fraudulent alice-in-wonderland world of wall street. Obfuscating mergers help preclude detection of this massive and pervasive fraud which defies analysis owing to these mergers. New talking pointing: dell numbers exceed expectations depending upon ongoing government scrutiny of their accounting practices.....riiiiight! More contrived manipulated markets and data well as that previous unexpected rise in that global hub of manufacturing activity, New York (worthless paper is their real product, etc.) �..riiiiight!�.. underpins fraudulent up move. Reassuring Fed speak, also known as b**l s**t, along with IPO�s (get the suckers in at the highs as in late 90�s market bubble), and shrugging off pervasive stock/options fraud as at, ie., KB Homes, etc., leave stocks ridiculously higher. Nations leaving the worthless dollar in droves for currencies backed by value and for precious metals. Based on the self-interested statement of typical fraud american and fed rep, we hear once again the wishful thought that housing has bottomed.....right! [Reality/Truth: US housing slump deepens, spreads]. Home depot rallies despite lower than expected results and lower guidance for the year.....right! Who is stupid enough to believe anything the fraudulent criminal americans say. They are printing worthless dollars like mad. Consumer sentiment actually previously fell and there was nothing but wall street lunacy to prop the fraudulent market. The republicans who lockstepped with war criminal dumbya bush deserved to lose. The frauds on wall street now looking for the new corporate welfare program for which to sell the sizzle ie., stem cells, etc.. The know-nothing pundits are now saying the up move without any rational basis is predicated upon the the falsity that gridlock in washington is welcomed and good because no regulation of, ie., fraud on wall street, etc., can be passed. How about a tax on stock trades to come directly from the traders' (traitors/frauds) bottom lines and provide a disincentive for the churn-and-earn fraud which is tantamount to a wasteful tax on the economy. Even token Christian paulison from jew fraud wall street couldn't stem the tide against the blatent zionist/neocon/bush co failure accross the board as the wall street frauds show record profits financed, albeit indirectly, by huge deficits, both trade and budget. Obfuscating mergers blur the picture to provide cover for up move talking points in defiance of reality.� Stagflation and full employment revisions pre-election.....riiiiight. Productivity comes in at a less than expected 0 (inflationary). The only surprise should have been that the number wasn't negative. The pundits are now saying that the market/wall street fraud is in a state of denial regarding economic fundamentals and that the market is substantially overbought, overvalued, overfrauded, over, etc., the manufacturing index coming in lower than expectations. Consumer sentiment unexpectedly fell.....daaaaah. Pre-election core inflation rate report good �..riiiiight�..but savings rate still negative and walmart sales/profits/outlook substantially below expectations but what the heck, they�re wallstreet lunatics/frauds and reality is no problem. Despite pre-election deficit spending, GNP comes in a less than expected paltry 1.6% increase with worthless falling dollar the catch-22 precluding reality avoidance and the worst yet to come. More nations leaving the worthless dollar as reserve currency even as frauds on wall street reach new highs (What are they smoking? Coking? or like the dollar just cracking) based on corporate welfare flows with money the nation doesn't have pre-election (record deficits). Housing prices continue their sharp decline as bubble deflates. GM only lost 115 million. Ford lost 5.8 billion and must restate earnings back to year 2000 is a bullish sign in the fraudulent alice-in-wonderland lunatic world of wall street. Typical pre-fed meeting rally to provide a cushion for any negative pronouncements which reality would require but are seldom forthcoming by the accommodative frauds who have similarly embraced unreality. Indeed, the gutless wimps of wall street think they're "tough" when they fraudulently take the market higher despite a clearly contrary fact based reality. Caterpillar relates the pervasive reality and the frauds on wallstreet intimidate same with sell off, ignoring pervasive options scandal/fraud and rallies Merck despite lower than expectation results.....riiiiight! Election year corporate welfare to prime the pump and the mock stock market with money the nation doesn�t have (increasing already huge deficits). CPI figures (upon which government inflation adjusted payment obligations are based) lower than expected�..riiiiight! Intel earnings/revenues down sharply but according to the lunatic frauds on wall street, beat expectations and stock rallies along with yahoo which as in the pre-dot com bust days says better days are a coming�.. riiiiight Core inflation rate which is closely watched by the Fed exceeds all expectations. Fraud Merrill Lynch has really been pushing and commissioning that worthless paper and reports record earnings, despite having produced nothing and for very little if any value added (that ill-gotten money has to come from somewhere-your pockets?). The big economic report awaiting scrutiny was the monthly trade deficit which was expected to narrow but in fact INCREASED to 69.9 billion. The alice-in-wonderland lunatic wall street frauds rallied on the news as the dollar precipitously fell. The Fed Chairman said there is a "substantial correction" in housing, which will probably shave about 1% off growth in the second half of the year. The Institute of Supply Management said its services index fell to 52.9 in September -- the lowest level since April 2003. Great News�.. riiiiight!..... Consumer Confidence Higher Than Expected... riiiiight!..... and housing starts were down sharply but not-as-bad-as-expectations game in play US Existing Home Sales Fall 0.5% in August; Sales Price Drops Existing-home prices fall for 1st time in 11 years along with fed jaw-boning pre-election that inflation has been licked .....riiiiight �..despite printing worthless dollars like they�re going out of style because they really are! Fed did nothing and stocks rallied, pre-election.....riiiiight! What about the reality of u.s. debt service at a record unsustainable $2 billion per day on a revolving $2 trillion charge account with ie., China, etc.. The fact that foreclosures are up and that there is projected new trade deficit record, fake government inflation numbers for election year purposes, housing starts down 6% means little to the alice-in-wonderland lunatic frauds of wall street and the so-called pundits including yahoo below. Almost all computerized volume is and must be considered heavy, manipulated, economically wasteful volume [stocks move contrary to rational analytical facts (ie., exceeded lowered expectations, things so bad interest rates can�t rise, exceeded expectations, no earnings but outlook extraordinary, the fed says booo as they print more worthless dollars to finance deficits, etc. ) is money in the bank for the frauds on wall street when they unwind said irrational positions ]. Philadelphia Federal Reserve announces that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, leading economic indicators fall .2%, and previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows with b**l s**t from Yahoo (which didn�t even reference the record unanticipated trade gap):

DaimlerChrysler in Talks About Chrysler
AP - Confirming weeks of conjecture and rumor, DaimlerChrysler AG's chairman said Wednesday that it has been in talks with people about the sale of its struggling Chrysler unit.

� Stocks surged Tuesday as investors rallied around easing tensions in the Middle East and reassurance about stabilization in the housing market. The Dow turned positive for the year as its 1.0% gain erased a lackluster Q1 performance (-0.9%). Of the 147 S&P industry groups, only seven failed to participate in today's broad-based rally.After climbing to a six-month high above $68/bbl last week, oil prices slipping below $65/bbl early on, amid easing fears of supply disruptions attributed to a potentially diplomatic release of 15 British sailors, provided the initial catalyst for the bulls to make a case for owning equities today. Crude for May delivery briefly fell below $64/bbl (-3.0%) before closing down 2.1% near $64.60/bbl, yet the Energy sector continued to attract buyers.Further proof that the consumer is still holding up just fine in the face of so many obstacles provided an added boost to the stock market. With the market increasingly sensitive to weak economic data, especially from the housing sector, an unexpected rise of 0.7% in February pending home sales alleviated the worst of fears that a housing crisis will develop and spread into the broader economy. That, in turn, sparked a wave of bargain-hunting interest among underperforming Homebuilders, this year's biggest laggard.Also helping the Consumer Discretionary (+1.2%) pace the way among the 10 economic sectors posting gains and turn positive for the year were retailers, which became more attractive after a report showed chain store sales for the week ending March 31 rose 4.9%. That was the fastest pace in two months.Technology, which also turned positive for the year, was another source of notable support. IT Consulting Services, one of Monday's worst performing S&P industry groups, attracted enough bargain hunting interest to rank as today's best performer. Internet Software & Services turned in the session's second best performance as Google (GOOG 472.60 +14.07) soared 3.1% on plans to sell TV ads through a partnership with EchoStar Communications (DISH 44.04 +0.50) and after Goldman Sachs said shares may rise at least another 30% by the end of the year. eBay (EBAY 33.80 +0.80) surged 2.4% after Bear Stearns raised its Q1 profit and sales estimates.The return of leadership from the struggling Financials sector, though, renewed optimism among investors that a short-term bottom has been put in place. The sector was initially in focus following reports that Warburg Pincus plans to pay about $4 bln for a stake in the upcoming Marshall & Ilsley (MI 49.73 +3.87) spin-off of Metavante. However, the encouraging pending home sales report alleviating worries of the subprime mortgage meltdown adding to the huge inventory of properties already on the market was the main driver prompting buyers to jump back into beaten-down banks and brokerage names. BTK +1.2% DJ30 12510.30 DJTA +1.8% DOT +1.4% NASDAQ 2450.33 NQ100 +1.3% R2K +1.1% SOX +0.7% SP400 +0.7% SP500 1437.77 XOI +0.1% NASDAQ Dec/Adv/Vol 1009/2029/1.92 bln NYSE Dec/Adv/Vol 867/2433/1.41 bln

US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)

"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006

WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):

The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

(4-02-07) Manufacturing index barely positive and substantially below expectations, producer prices up and above expectations, but there�s a blazing full moon and the lunatic frauds on wall street don�t disappoint citing obfuscating mergers, higher oil prices, and a new way to scam the unwary public by unloading their worthless paper on workers through ESOPs, rally into the close building on previous stagflation report of high core rate of inflation, slightly higher spending on lower income, high oil prices and fake upward revision to GDP report (riiiiight! US GDP growth hobbled by stocks of unsold ) still relying on b**l s**t alone, even as Bernanke totally dashes wall street�s previous b.s. story underlying the previous week�s fraudulent up move based on b**l s**t alone and the paper paper chase/commissionable ponzi scheme continues (with borrowed funds) but will unwind/unravel as they always do, Home prices down/worst since '94, defaults up, new home sales unexpectedly down 3.9%.....it�s the weather say the frauds on wall street.....riiiiight!, home inventories up, oil prices up, leading indicators down again, existing home sales unexpectedly up.....right!, even as home inventories up as prices fell, warnings from the tech sector, all no problemo for the frauds on wall street, [fed heads, who�ve been printing worthless dollars like they�re going out of style because they are (so much so that they�ve stopped reporting M3), remove words �additional firming� is excuse for ridiculous mixed close as previously dollar precipitously fell on the news which is catch 22 as same is hyper-inflationary/stagflationary and dollar denominated assets fall in value], home construction unexpectedly up according to government report (riiiiight.....if you believe same.....I don�t) though permits down, lunatic frauds on wall street rally on the news, builder/construction sentiment down again and now below 50% reflecting reality, obfuscating mergers/b.s. to the rescue,� previous CPI (.4), wholesale (1.3 annualized 15.6), and core (.4) inflation rates far exceed expectations as worthless dollar and massive printing thereof and debt come home to roost, unexpected decline on the Philadelphia Fed's manufacturing index/disappointing NY Empire State Index, commissionable ponzi scheme with borrowed (ie., japan, etc.) and suckers� funds continues,� blowout Q1 earnings report from wall street lunatic frauds morgan stanley, goldman sachs (daaaaah!) even as record foreclosure rate and retail sales below expectations, mergers obfuscate dismal picture, retail sales down (they say it�s the weather.....riiiiight.....how about consumer debt at record $2.41 trillion) jobs data from private (as opposed to government) entity below expectations (who would have thunk it!.....riiiiight! But wait; latest government data at expectations and above, revising past data as unemployment rate falls to 4.5%.....and says trade deficit trend changing..... riiiiight!), along with below expectations oil inventories which had spurred oil price rally, while productivity below expectations/wage costs higher and above expectations (very inflationary), no problemo for the lunatic frauds on wall street (what a joke wall street is!) who are maniacal as lunatics suckers short-covering �bear market/higher oil prices/fake economic reports/fed speak rally� (based upon b**l s**t/fake reports even assuming fake growth rate though false, the decline of the fiat currency, the worthless dollar would negate same in real terms) (b.s. contrary to bernanke testimony before congress owing to previous implicit threat of prosecution for false statements)� fueled by b**l s**t alone ridiculously rally into the close to suck the suckers in; ie., as the Dow Jones industrial average up 27, S&P up 3, and NASDAQ up 1, all very commissionable on heavy volume, as in final pre-election result push for bush, which fell very short but has provided the same pump-priming of the market as most recently seen in 1999 which ended quite badly even without the exacerbating effects of huge unsustainable and debilitating debt/deficits deferring/delaying/prolonging the inevitable reality even as entire domestic u.s. industries are rendered what is tantamount to defunct and with corporate welfare unwisely spent (war crimes, etc.). Greenspan Warns of Likely U.S. Recession..... FORECLOSURES AT RECORD PACE, retail sales below expectations. TOP INVESTOR, SOROS' PARTNER, SEES U.S. PROPERTY CRASH 3-16-07 Major Mortgage Lender On Bankruptcy's Doorstep... REIT New Century Financial (NEW 3.21, halted at 0).....Everything is hunky doory says financial propaganda minister/comedian paulson (son of pat paulson?) while Moody�s says at least a 10% correction from fraudulent bubble highs is warranted/appropriate (I believe that to be a modest analytical view). Who would you believe? What do you expect a member of a failed administration to say? What�s changed? Nothing, as the frauds on wall street continue their commissionable ponzi scheme with borrowed (ie., japan, etc.) and suckers� funds.� Real estate experts say the pain/damage will exceed that of prior downturns since the great depression.Bernanke responds to recession prediction with b**l s**t (to his small credit he begrudgingly admits to looming fiscal crisis). Top investor, Soros partner sees property crash: 'You can't believe how bad it's going to get'... Manufacturing activity in u.s. up say fake reports (what, paper/worthless dollars/ securities/packaging for imported goods/parts/components, etc.). �BROKERS AT 'TOP-TIER' FIRMS CHARGED IN INSIDER TRADING SCHEME JUST TIP OF THE ICEBERG. New home sales down 17%.....Durables down over seven percent. Are they going to fudge/falsify the GDP revision? Oil rise on US energy inventory data. Stagflation, fake reports understate fundamental weakness, higher oil prices rally. Housing starts down sharply, as investors, domestic and international, dramatically slow purchase of fiat currency/worthless us/dollar denominated stocks and bonds. Record real estate price slump; industrial production/utilization down. Record home price slump. Retail numbers at best (I don�t believe them for a second) just flat; massive layoffs at Chrysler; more government borrowing to paint false facade. Trade deficit up sharply and new record for all of 2006 - $763 billion (the market last rallied with previous month�s improvement, and rallies with worsening, everything else was typical wall street b**l s**t meaning and based on nothing, ie., m&a, upgrade, etc.). Default rates up again. HSBC Holdings, the world's third largest bank, warned that provisions for bad debt will be some 20% higher than previously thought. SEC launch of insider trading (pervasive on fraudulent wall street) probe just tip of the iceberg. Negative savings rate (highest since great depression), factory output down, home inventories highest since last crash, defaults up, gm and ford sales down 17% and 19%, deficits trade/budget, dollar down and going lower, january jobs data weaker than the consensus estimate and below the average gain of 153,000 per month for all of 2006 and viewed as bearish......but no problemo if you�re a lunatic fraud on wall street. Personal Savings at Lowest Point Since 1933-- Great Depression's low. �Fake economic growth report from the administration. Mergers and acquisitions continue to cloud the picture facilitating the fraud. Having beat fraudulent alice-in-wonderland lunatic world of wall street expectations with Record Loss of $12.7 Billion, the rally in Ford�s stock continues..... riiiiight! Fake numbers also a plus. Ford Posts Record Loss of $12.7 Billion.....stock rallies on the news.....riiiiight! P/E ratios far beyond the mean particularly for this stage in the cycle for selected securities (ie., 80+, etc.). Higher oil prices and fake indicators report spark rally.....riiiiight! Report on leading economic indicators is delayed (very unusual unless you understand the greater complexity in fudging same.....not to worry, fans of frauds on wall street.....the lunatic frauds will also get their churn-and-earn commission dollars on the way down).Fed Chairman Bernanke begins to euphemistically discuss reality on capital hill. PAPER: Condo market in DC, Vegas, Miami and Boston has collapsed... Euro displaces dollar in bond markets...13 charged in Wall Street insider trading ring CNN International Higher oil prices and fake numbers spurs rally. More fake job numbers (at best, hamburger helpers, etc.). Foreclosures Rip Neighborhoods in Denver. Yahoo profit falls 61% but rallies 6% on b**l s**t alone. �Insider-Trading Ring Bust in US Fuels Hedge-Fund Concerns. Jawboning by kohn of print-those-worthless-dollars fed raises market.....riiiiight! The ism services index fell, but that was down from an unexpectedly and fake strong read a month earlier, manufacturing index up slightly to 51.4 (they must be counting hamburgers as manufactured goods in u.s......riiiiight!) but fed knows they�ve been printing worthless dollars like mad which of course is hyperinflationary and will come home to roost, along with huge debt/deficits, trade and budget, Stores Report Disappointing Dec. Sales, Gap Woes Deepen in Bleak Holiday Season. Ford and GM auto sales down 13%. More reports in defiance of reality, oil prices up, Dollar Slides...,every intelligent analyst/economist knows that the new home sales number from the government is a total lie that will be revised downward later, that the options scandals are pervasive in fraudulent america (100 investigations just tip of the iceberg), oil stocks continue to rally on lower oil prices, as previously on pipeline explosion in Nigeria, spill in Gulf, and sanctions for Iran, and sharp FALL in oil prices.....riiiiight!.....predictions of disappointing retail sales even with fire-sale discounted prices,..... Highest increase (2%) in 30 years for the wholesale price index, and as well, the core ppi (1.3%), GDP growth less than expected at 2%, dollar sharply lower, oil prices up, building permits down, all unexpectedly bad but great news in the fraudulent alice-in-wonderland lunatic world of wall street. New Record Quarterly Trade Deficit initially spurred lunatic market rally along with obfuscating but very commissionable merger activity. Core inflation a very unexpected unchanged .....riiiiight!.....spurs superstitious, devoid of reality, santa rally.� Investment Banks Post Record 2006 Profit .....daaaaah! Churning and earning on worthless paper, where is that commission dollar coming from even as america has ceded solvency/leadership in every economic measure. Even at the lofty record numbers the indices are worth roughly half their value based on precipitous fall of the dollar in only 5 years with further downside to go. Superstitious �Santa Claus rally�.....riiiiight! High oil price rally.....riiiiight!� Total� bulls**t ! Retail sales up a very unexpected 1%, riiiiight, at the same time inventories of such goods rising substantially (do you think they�re booking sales to �straw men/companies�.....I do!) and oil inventories down. Fake employment numbers (from the government.....riiiiight!) the impetus for previous b.s. rally despite falling sentiment and uptick in unemployment. The ism services index (financed by unsustainable deficit/debt spending and pushing/commissioning worthless paper) and jawboning/bulls**t from the housing industry (the end is near.....riiiiight!), obfuscating mergers continued to cloud the picture, closely-watched core-PCE deflator had risen a more than expected 0.2%, second sub-50 reading on manufacturing activity in as many sessions-the November ISM index unexpectedly fell to 49.5 (consensus 52.0), Chicago PMI fell to its lowest level (49.9%) in October, and below the 50 level, indicating contraction, crude prices up� (OIL PRICES RISE ABOVE $63 A BARREL...), DOLLAR RESUMES SLIDE, Fed Chairman Bernanke & Co. cheerleading/jawboning/bulls**t, 3.2% decline in new home sales, oil inventories down and oil prices up, oil producers shun the dollar, Russia and Opec shift revenues into euros, yen and sterling..., all very bad news anywhere but in the fraudulent alice-in-wonderland world of wall street. Durable goods orders fell sharply, sentiment down, but supposedly used home sales rose slightly (riiiiight.....who says; the realtors/government who have been talking up this bubble market?) albeit at sharply lower prices. DOLLAR PLUNGES TO NEAR 15-YEAR LOW� In other words, no good news to justify the ridiculous up move by the alice-in-wonderland frauds of wall street. Worthless dollar, triple deficits, stock/options scandals/corruption, as some speculate that fed is behind purchases/manipulation (through proxy) of worthless american paper now being shunned by more rational market players abroad.� MARKETS ROCKED BY LONG OVERDUE BUT STILL MODEST RELATIVE TO REALITY SHARP SLIDE IN DOLLAR...There has never been a time since 1929 when stock prices and p/e ratios were so irrationally high for this point in a bull cycle in this indisputable secular bear market, particularly with the existing unprecedented structural economic problems, ie., trade and budget deficits, worthless dollar, scandals, fraud, corruption , etc.. In fact, unemployment unexpectedly rose substantially and consumer sentiment unexpectedly but similarly realistically fell, both very negative exept in the� fraudulent alice-in-wonderland world of wall street. Indeed, the housing bubble bursting with ie., unexpected 14% decline in starts/permits, etc., led to rally in the fraudulent alice-in-wonderland world of wall street. Obfuscating mergers help preclude detection of this massive and pervasive fraud which defies analysis owing to these mergers. New talking pointing: dell numbers exceed expectations depending upon ongoing government scrutiny of their accounting practices.....riiiiight! More contrived manipulated markets and data well as that previous unexpected rise in that global hub of manufacturing activity, New York (worthless paper is their real product, etc.) �..riiiiight!�.. underpins fraudulent up move. Reassuring Fed speak, also known as b**l s**t, along with IPO�s (get the suckers in at the highs as in late 90�s market bubble), and shrugging off pervasive stock/options fraud as at, ie., KB Homes, etc., leave stocks ridiculously higher. Nations leaving the worthless dollar in droves for currencies backed by value and for precious metals. Based on the self-interested statement of typical fraud american and fed rep, we hear once again the wishful thought that housing has bottomed.....right! [Reality/Truth: US housing slump deepens, spreads]. Home depot rallies despite lower than expected results and lower guidance for the year.....right! Who is stupid enough to believe anything the fraudulent criminal americans say. They are printing worthless dollars like mad. Consumer sentiment actually previously fell and there was nothing but wall street lunacy to prop the fraudulent market. The republicans who lockstepped with war criminal dumbya bush deserved to lose. The frauds on wall street now looking for the new corporate welfare program for which to sell the sizzle ie., stem cells, etc.. The know-nothing pundits are now saying the up move without any rational basis is predicated upon the the falsity that gridlock in washington is welcomed and good because no regulation of, ie., fraud on wall street, etc., can be passed. How about a tax on stock trades to come directly from the traders' (traitors/frauds) bottom lines and provide a disincentive for the churn-and-earn fraud which is tantamount to a wasteful tax on the economy. Even token Christian paulison from jew fraud wall street couldn't stem the tide against the blatent zionist/neocon/bush co failure accross the board as the wall street frauds show record profits financed, albeit indirectly, by huge deficits, both trade and budget. Obfuscating mergers blur the picture to provide cover for up move talking points in defiance of reality.� Stagflation and full employment revisions pre-election.....riiiiight. Productivity comes in at a less than expected 0 (inflationary). The only surprise should have been that the number wasn't negative. The pundits are now saying that the market/wall street fraud is in a state of denial regarding economic fundamentals and that the market is substantially overbought, overvalued, overfrauded, over, etc., the manufacturing index coming in lower than expectations. Consumer sentiment unexpectedly fell.....daaaaah. Pre-election core inflation rate report good �..riiiiight�..but savings rate still negative and walmart sales/profits/outlook substantially below expectations but what the heck, they�re wallstreet lunatics/frauds and reality is no problem. Despite pre-election deficit spending, GNP comes in a less than expected paltry 1.6% increase with worthless falling dollar the catch-22 precluding reality avoidance and the worst yet to come. More nations leaving the worthless dollar as reserve currency even as frauds on wall street reach new highs (What are they smoking? Coking? or like the dollar just cracking) based on corporate welfare flows with money the nation doesn't have pre-election (record deficits). Housing prices continue their sharp decline as bubble deflates. GM only lost 115 million. Ford lost 5.8 billion and must restate earnings back to year 2000 is a bullish sign in the fraudulent alice-in-wonderland lunatic world of wall street. Typical pre-fed meeting rally to provide a cushion for any negative pronouncements which reality would require but are seldom forthcoming by the accommodative frauds who have similarly embraced unreality. Indeed, the gutless wimps of wall street think they're "tough" when they fraudulently take the market higher despite a clearly contrary fact based reality. Caterpillar relates the pervasive reality and the frauds on wallstreet intimidate same with sell off, ignoring pervasive options scandal/fraud and rallies Merck despite lower than expectation results.....riiiiight! Election year corporate welfare to prime the pump and the mock stock market with money the nation doesn�t have (increasing already huge deficits). CPI figures (upon which government inflation adjusted payment obligations are based) lower than expected�..riiiiight! Intel earnings/revenues down sharply but according to the lunatic frauds on wall street, beat expectations and stock rallies along with yahoo which as in the pre-dot com bust days says better days are a coming�.. riiiiight Core inflation rate which is closely watched by the Fed exceeds all expectations. Fraud Merrill Lynch has really been pushing and commissioning that worthless paper and reports record earnings, despite having produced nothing and for very little if any value added (that ill-gotten money has to come from somewhere-your pockets?). The big economic report awaiting scrutiny was the monthly trade deficit which was expected to narrow but in fact INCREASED to 69.9 billion. The alice-in-wonderland lunatic wall street frauds rallied on the news as the dollar precipitously fell. The Fed Chairman said there is a "substantial correction" in housing, which will probably shave about 1% off growth in the second half of the year. The Institute of Supply Management said its services index fell to 52.9 in September -- the lowest level since April 2003. Great News�.. riiiiight!..... Consumer Confidence Higher Than Expected... riiiiight!..... and housing starts were down sharply but not-as-bad-as-expectations game in play US Existing Home Sales Fall 0.5% in August; Sales Price Drops Existing-home prices fall for 1st time in 11 years along with fed jaw-boning pre-election that inflation has been licked .....riiiiight �..despite printing worthless dollars like they�re going out of style because they really are! Fed did nothing and stocks rallied, pre-election.....riiiiight! What about the reality of u.s. debt service at a record unsustainable $2 billion per day on a revolving $2 trillion charge account with ie., China, etc.. The fact that foreclosures are up and that there is projected new trade deficit record, fake government inflation numbers for election year purposes, housing starts down 6% means little to the alice-in-wonderland lunatic frauds of wall street and the so-called pundits including yahoo below. Almost all computerized volume is and must be considered heavy, manipulated, economically wasteful volume [stocks move contrary to rational analytical facts (ie., exceeded lowered expectations, things so bad interest rates can�t rise, exceeded expectations, no earnings but outlook extraordinary, the fed says booo as they print more worthless dollars to finance deficits, etc. ) is money in the bank for the frauds on wall street when they unwind said irrational positions ]. Philadelphia Federal Reserve announces that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, leading economic indicators fall .2%, and previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows with b**l s**t from Yahoo (which didn�t even reference the record unanticipated trade gap):

Tribune OKs $8.2 Billion Offer From Zell
AP - Real estate mogul Sam Zell has bested his billionaire competitors, scoring media conglomerate Tribune Co. after a down-to-the-wire bidding war.

� With economic data playing an increasingly important role of late, investors were initially expecting an update on national manufacturing conditions to set a more definitive tone to Monday's action.However, after the ISM Index failed to offer a positive surprise following Friday's strong Chicago PMI data, participants were left looking for other catalysts to get buying efforts back on track after stocks recently limped into the end of Q1 battered and bruised. As a reminder, the S&P 500 and Nasdaq ended the quarter up just 0.2% and 0.3%, respectively, but the Dow fell 0.9%, logging its worst quarterly performance since Q2 of 2005.A wave of M&A news, typical for a Monday morning, provided some comfort, suggesting stocks may have found a short-term bottom. Kohlberg Kravis Roberts offered to take First Data Corp. (FDC 32.45 +5.55) private for $29 bln, a 26% premium to Friday's close. Tribune Co. (TRB 32.80 +0.69) agreed to an $8.2 bln bid from Chicago real estate magnate Sam Zell, ending a six-month battle for the troubled publisher.In other related news, Altria Group (MO 68.21 +2.31) surged 3.5% as shareholders applauded its spin off of Kraft Foods (KFT 30.79 -0.87), positioning the Dow to keep pace with its long history of observing April as its best month of the year.Be that as it may, further evidence of trouble in the housing market, after M&T Bank (MTB 105.95 -9.88) lowered its Q1 guidance citing weakness in the secondary market for Alt-A loans, acted as an overhang all day and minimized overall market gains. M&T's warning left Regional Banks as one of the day's worst performing S&P industry groups (-2.0%) and placed added concern on the rest of the influential Financials sector, removing some notable leadership.Investors also contended with volatile oil prices and some commentary from St. Louis Fed President William Poole who said the Fed isn't likely to cut interest rates even as the economy slows. After climbing as high as $66.69/bbl (+1.2%) earlier, and helping the Energy sector continue to attract bargain hunters after a dismal start to 2007, crude for May delivery closed relatively flat on the day near $66/bbl.Utilities (+1.9%), though, was the day's best performer following analyst upgrades on PG & E Corp (PCG 49.37 +1.10) and TECO Energy (TE 17.61 +0.40). This year's best performing sector (+10.4%) continues to attract buyers due to its defensive characteristics as well, especially since economic growth remains sluggish and aggregate earnings forecasts for the S&P 500 continue to fall. DJ30 +27.95 DJUA +2.0% NASDAQ +0.62 NQ100 +0.1% R2K +0.3% SP400 +0.5% SP500 +3.69 XOI +1.0% NASDAQ Dec/Adv/Vol 1520/1519/1.75 bln NYSE Dec/Adv/Vol 1240/2042/1.42 bln

There is nothing to rationally justify the previous up move or mixed results in the market other than what is tantamount to a negative, and based upon spurious data from the government; ie., fake government numbers said total PPI rose a smaller than expected 0.1% (consensus 0.4%) in July, which was well below the 0.5% jump in June, while the more closely watched core rate (ex-food and energy) unexpectedly (RIIIIIGHT!) fell 0.3% (consensus +0.2%) -- the first decline since October and the largest drop since a 0.5% decline in April 2003. Home Sales Decline in 28 States, D.C.. Real estate prices down/stagnant. But housing stocks�..up.....riiiiight!.....in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down.� Martin Crutsinger, AP Economics Writer, previously wrote,� U.S. Trade Deficit Falls 0.3 Percent in June to $64.8B, Offsetting Jump in Chinese Imports. Dell Recall Stems From sony Production Flaw� WASHINGTON (AP) -- America's trade deficit showed a slight improvement as strong global growth pushed U.S. exports to a record level. That helped offset a surge in Chinese imports and record crude oil prices. The deficit declined 0.3 percent in June, compared with May, dropping to $64.8 billion, still the fifth largest imbalance on record, the Commerce Department reported Thursday. The deficit is running at an annual rate of $768 billion through the first six months of this year, putting the country on track to see a fifth straight record imbalance. Last year's deficit was $716.7 billion. Prior considerations remain apposite in this clearly overvalued market. The frauds on wall street feel compelled to continue their tradition/superstition/fraud tactic of buying on the rumor and selling on the news (fact) of the Fed�s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money.� Yahoo previously commented: Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance....., to which I responded, Wild..... I�ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported and will now join gm in worker buyouts; but both GM and Ford will now offer built-in ipods which should substantially help their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Analyst says GM good news now behind it (past/discounted), yet stock still rose upon said analysis �..riiiiight�.. daaaaah! Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal, maybe even suspension, that has cast a harsh light on Silicon Valley's compensation practices. Don�t forget that GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland lunatic world of wall street is of course good news. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid (approx.) 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it�s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very commissionable (investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $65; yes, as in the last crash, they will get fooled again� as stocks up sharply in the fraudulent alice-in-wonderland lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the pundits/analysts are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley (who also says that in Europe bush�s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the �better than expectations� game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. Spotlight on the Stock Option Scandal-The share prices of companies involved in stock options backdating have held up well compared to the broader market. But shareholders might be in for a rougher ride. Plus, why the Nasdaq has its hands full. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived pearl harbor effect)/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/ and the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what�s up is down and what�s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they�ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin� to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don�t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)

"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006

WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):

The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

(3-30-07) Looming full moon and lunatic frauds on wall street rally into the close on stagflation report of high core rate of inflation, slightly higher spending on lower income, high oil prices and fake upward revision to GDP report (riiiiight! US GDP growth hobbled by stocks of unsold ) still relying on b**l s**t alone, even as Bernanke totally dashes wall street�s previous b.s. story underlying the previous week�s fraudulent up move based on b**l s**t alone and the paper paper chase/commissionable ponzi scheme continues (with borrowed funds) but will unwind/unravel as they always do, Home prices down/worst since '94, defaults up, new home sales unexpectedly down 3.9%.....it�s the weather say the frauds on wall street.....riiiiight!, home inventories up, oil prices up, leading indicators down again, existing home sales unexpectedly up.....right!, even as home inventories up as prices fell, warnings from the tech sector, all no problemo for the frauds on wall street, [fed heads, who�ve been printing worthless dollars like they�re going out of style because they are (so much so that they�ve stopped reporting M3), remove words �additional firming� is excuse for ridiculous mixed close as previously dollar precipitously fell on the news which is catch 22 as same is hyper-inflationary/stagflationary and dollar denominated assets fall in value], home construction unexpectedly up according to government report (riiiiight.....if you believe same.....I don�t) though permits down, lunatic frauds on wall street rally on the news, builder/construction sentiment down again and now below 50% reflecting reality, obfuscating mergers/b.s. to the rescue,� previous CPI (.4), wholesale (1.3 annualized 15.6), and core (.4) inflation rates far exceed expectations as worthless dollar and massive printing thereof and debt come home to roost, unexpected decline on the Philadelphia Fed's manufacturing index/disappointing NY Empire State Index, commissionable ponzi scheme with borrowed (ie., japan, etc.) and suckers� funds continues,� blowout Q1 earnings report from wall street lunatic frauds morgan stanley, goldman sachs (daaaaah!) even as record foreclosure rate and retail sales below expectations, mergers obfuscate dismal picture, retail sales down (they say it�s the weather.....riiiiight.....how about consumer debt at record $2.41 trillion) jobs data from private (as opposed to government) entity below expectations (who would have thunk it!.....riiiiight! But wait; latest government data at expectations and above, revising past data as unemployment rate falls to 4.5%.....and says trade deficit trend changing..... riiiiight!), along with below expectations oil inventories which had spurred oil price rally, while productivity below expectations/wage costs higher and above expectations (very inflationary), no problemo for the lunatic frauds on wall street (what a joke wall street is!) who are maniacal as lunatics suckers short-covering �bear market/higher oil prices/fake economic reports/fed speak rally� (based upon b**l s**t/fake reports even assuming fake growth rate though false, the decline of the fiat currency, the worthless dollar would negate same in real terms) (b.s. contrary to bernanke testimony before congress owing to previous implicit threat of prosecution for false statements)� fueled by b**l s**t alone ridiculously rally into the close to suck the suckers in; ie., as the Dow Jones industrial average up 5.60, S&P down 1.67, and NASDAQ up 3.73, all very commissionable on heavy volume, as in final pre-election result push for bush, which fell very short but has provided the same pump-priming of the market as most recently seen in 1999 which ended quite badly even without the exacerbating effects of huge unsustainable and debilitating debt/deficits deferring/delaying/prolonging the inevitable reality even as entire domestic u.s. industries are rendered what is tantamount to defunct and with corporate welfare unwisely spent (war crimes, etc.). Greenspan Warns of Likely U.S. Recession..... FORECLOSURES AT RECORD PACE, retail sales below expectations. TOP INVESTOR, SOROS' PARTNER, SEES U.S. PROPERTY CRASH 3-16-07 Major Mortgage Lender On Bankruptcy's Doorstep... REIT New Century Financial (NEW 3.21, halted at 0).....Everything is hunky doory says financial propaganda minister/comedian paulson (son of pat paulson?) while Moody�s says at least a 10% correction from fraudulent bubble highs is warranted/appropriate (I believe that to be a modest analytical view). Who would you believe? What do you expect a member of a failed administration to say? What�s changed? Nothing, as the frauds on wall street continue their commissionable ponzi scheme with borrowed (ie., japan, etc.) and suckers� funds.� Real estate experts say the pain/damage will exceed that of prior downturns since the great depression.Bernanke responds to recession prediction with b**l s**t (to his small credit he begrudgingly admits to looming fiscal crisis). Top investor, Soros partner sees property crash: 'You can't believe how bad it's going to get'... Manufacturing activity in u.s. up say fake reports (what, paper/worthless dollars/ securities/packaging for imported goods/parts/components, etc.). �BROKERS AT 'TOP-TIER' FIRMS CHARGED IN INSIDER TRADING SCHEME JUST TIP OF THE ICEBERG. New home sales down 17%.....Durables down over seven percent. Are they going to fudge/falsify the GDP revision? Oil rise on US energy inventory data. Stagflation, fake reports understate fundamental weakness, higher oil prices rally. Housing starts down sharply, as investors, domestic and international, dramatically slow purchase of fiat currency/worthless us/dollar denominated stocks and bonds. Record real estate price slump; industrial production/utilization down. Record home price slump. Retail numbers at best (I don�t believe them for a second) just flat; massive layoffs at Chrysler; more government borrowing to paint false facade. Trade deficit up sharply and new record for all of 2006 - $763 billion (the market last rallied with previous month�s improvement, and rallies with worsening, everything else was typical wall street b**l s**t meaning and based on nothing, ie., m&a, upgrade, etc.). Default rates up again. HSBC Holdings, the world's third largest bank, warned that provisions for bad debt will be some 20% higher than previously thought. SEC launch of insider trading (pervasive on fraudulent wall street) probe just tip of the iceberg. Negative savings rate (highest since great depression), factory output down, home inventories highest since last crash, defaults up, gm and ford sales down 17% and 19%, deficits trade/budget, dollar down and going lower, january jobs data weaker than the consensus estimate and below the average gain of 153,000 per month for all of 2006 and viewed as bearish......but no problemo if you�re a lunatic fraud on wall street. Personal Savings at Lowest Point Since 1933-- Great Depression's low. �Fake economic growth report from the administration. Mergers and acquisitions continue to cloud the picture facilitating the fraud. Having beat fraudulent alice-in-wonderland lunatic world of wall street expectations with Record Loss of $12.7 Billion, the rally in Ford�s stock continues..... riiiiight! Fake numbers also a plus. Ford Posts Record Loss of $12.7 Billion.....stock rallies on the news.....riiiiight! P/E ratios far beyond the mean particularly for this stage in the cycle for selected securities (ie., 80+, etc.). Higher oil prices and fake indicators report spark rally.....riiiiight! Report on leading economic indicators is delayed (very unusual unless you understand the greater complexity in fudging same.....not to worry, fans of frauds on wall street.....the lunatic frauds will also get their churn-and-earn commission dollars on the way down).Fed Chairman Bernanke begins to euphemistically discuss reality on capital hill. PAPER: Condo market in DC, Vegas, Miami and Boston has collapsed... Euro displaces dollar in bond markets...13 charged in Wall Street insider trading ring CNN International Higher oil prices and fake numbers spurs rally. More fake job numbers (at best, hamburger helpers, etc.). Foreclosures Rip Neighborhoods in Denver. Yahoo profit falls 61% but rallies 6% on b**l s**t alone. �Insider-Trading Ring Bust in US Fuels Hedge-Fund Concerns. Jawboning by kohn of print-those-worthless-dollars fed raises market.....riiiiight! The ism services index fell, but that was down from an unexpectedly and fake strong read a month earlier, manufacturing index up slightly to 51.4 (they must be counting hamburgers as manufactured goods in u.s......riiiiight!) but fed knows they�ve been printing worthless dollars like mad which of course is hyperinflationary and will come home to roost, along with huge debt/deficits, trade and budget, Stores Report Disappointing Dec. Sales, Gap Woes Deepen in Bleak Holiday Season. Ford and GM auto sales down 13%. More reports in defiance of reality, oil prices up, Dollar Slides...,every intelligent analyst/economist knows that the new home sales number from the government is a total lie that will be revised downward later, that the options scandals are pervasive in fraudulent america (100 investigations just tip of the iceberg), oil stocks continue to rally on lower oil prices, as previously on pipeline explosion in Nigeria, spill in Gulf, and sanctions for Iran, and sharp FALL in oil prices.....riiiiight!.....predictions of disappointing retail sales even with fire-sale discounted prices,..... Highest increase (2%) in 30 years for the wholesale price index, and as well, the core ppi (1.3%), GDP growth less than expected at 2%, dollar sharply lower, oil prices up, building permits down, all unexpectedly bad but great news in the fraudulent alice-in-wonderland lunatic world of wall street. New Record Quarterly Trade Deficit initially spurred lunatic market rally along with obfuscating but very commissionable merger activity. Core inflation a very unexpected unchanged .....riiiiight!.....spurs superstitious, devoid of reality, santa rally.� Investment Banks Post Record 2006 Profit .....daaaaah! Churning and earning on worthless paper, where is that commission dollar coming from even as america has ceded solvency/leadership in every economic measure. Even at the lofty record numbers the indices are worth roughly half their value based on precipitous fall of the dollar in only 5 years with further downside to go. Superstitious �Santa Claus rally�.....riiiiight! High oil price rally.....riiiiight!� Total� bulls**t ! Retail sales up a very unexpected 1%, riiiiight, at the same time inventories of such goods rising substantially (do you think they�re booking sales to �straw men/companies�.....I do!) and oil inventories down. Fake employment numbers (from the government.....riiiiight!) the impetus for previous b.s. rally despite falling sentiment and uptick in unemployment. The ism services index (financed by unsustainable deficit/debt spending and pushing/commissioning worthless paper) and jawboning/bulls**t from the housing industry (the end is near.....riiiiight!), obfuscating mergers continued to cloud the picture, closely-watched core-PCE deflator had risen a more than expected 0.2%, second sub-50 reading on manufacturing activity in as many sessions-the November ISM index unexpectedly fell to 49.5 (consensus 52.0), Chicago PMI fell to its lowest level (49.9%) in October, and below the 50 level, indicating contraction, crude prices up� (OIL PRICES RISE ABOVE $63 A BARREL...), DOLLAR RESUMES SLIDE, Fed Chairman Bernanke & Co. cheerleading/jawboning/bulls**t, 3.2% decline in new home sales, oil inventories down and oil prices up, oil producers shun the dollar, Russia and Opec shift revenues into euros, yen and sterling..., all very bad news anywhere but in the fraudulent alice-in-wonderland world of wall street. Durable goods orders fell sharply, sentiment down, but supposedly used home sales rose slightly (riiiiight.....who says; the realtors/government who have been talking up this bubble market?) albeit at sharply lower prices. DOLLAR PLUNGES TO NEAR 15-YEAR LOW� In other words, no good news to justify the ridiculous up move by the alice-in-wonderland frauds of wall street. Worthless dollar, triple deficits, stock/options scandals/corruption, as some speculate that fed is behind purchases/manipulation (through proxy) of worthless american paper now being shunned by more rational market players abroad.� MARKETS ROCKED BY LONG OVERDUE BUT STILL MODEST RELATIVE TO REALITY SHARP SLIDE IN DOLLAR...There has never been a time since 1929 when stock prices and p/e ratios were so irrationally high for this point in a bull cycle in this indisputable secular bear market, particularly with the existing unprecedented structural economic problems, ie., trade and budget deficits, worthless dollar, scandals, fraud, corruption , etc.. In fact, unemployment unexpectedly rose substantially and consumer sentiment unexpectedly but similarly realistically fell, both very negative exept in the� fraudulent alice-in-wonderland world of wall street. Indeed, the housing bubble bursting with ie., unexpected 14% decline in starts/permits, etc., led to rally in the fraudulent alice-in-wonderland world of wall street. Obfuscating mergers help preclude detection of this massive and pervasive fraud which defies analysis owing to these mergers. New talking pointing: dell numbers exceed expectations depending upon ongoing government scrutiny of their accounting practices.....riiiiight! More contrived manipulated markets and data well as that previous unexpected rise in that global hub of manufacturing activity, New York (worthless paper is their real product, etc.) �..riiiiight!�.. underpins fraudulent up move. Reassuring Fed speak, also known as b**l s**t, along with IPO�s (get the suckers in at the highs as in late 90�s market bubble), and shrugging off pervasive stock/options fraud as at, ie., KB Homes, etc., leave stocks ridiculously higher. Nations leaving the worthless dollar in droves for currencies backed by value and for precious metals. Based on the self-interested statement of typical fraud american and fed rep, we hear once again the wishful thought that housing has bottomed.....right! [Reality/Truth: US housing slump deepens, spreads]. Home depot rallies despite lower than expected results and lower guidance for the year.....right! Who is stupid enough to believe anything the fraudulent criminal americans say. They are printing worthless dollars like mad. Consumer sentiment actually previously fell and there was nothing but wall street lunacy to prop the fraudulent market. The republicans who lockstepped with war criminal dumbya bush deserved to lose. The frauds on wall street now looking for the new corporate welfare program for which to sell the sizzle ie., stem cells, etc.. The know-nothing pundits are now saying the up move without any rational basis is predicated upon the the falsity that gridlock in washington is welcomed and good because no regulation of, ie., fraud on wall street, etc., can be passed. How about a tax on stock trades to come directly from the traders' (traitors/frauds) bottom lines and provide a disincentive for the churn-and-earn fraud which is tantamount to a wasteful tax on the economy. Even token Christian paulison from jew fraud wall street couldn't stem the tide against the blatent zionist/neocon/bush co failure accross the board as the wall street frauds show record profits financed, albeit indirectly, by huge deficits, both trade and budget. Obfuscating mergers blur the picture to provide cover for up move talking points in defiance of reality.� Stagflation and full employment revisions pre-election.....riiiiight. Productivity comes in at a less than expected 0 (inflationary). The only surprise should have been that the number wasn't negative. The pundits are now saying that the market/wall street fraud is in a state of denial regarding economic fundamentals and that the market is substantially overbought, overvalued, overfrauded, over, etc., the manufacturing index coming in lower than expectations. Consumer sentiment unexpectedly fell.....daaaaah. Pre-election core inflation rate report good �..riiiiight�..but savings rate still negative and walmart sales/profits/outlook substantially below expectations but what the heck, they�re wallstreet lunatics/frauds and reality is no problem. Despite pre-election deficit spending, GNP comes in a less than expected paltry 1.6% increase with worthless falling dollar the catch-22 precluding reality avoidance and the worst yet to come. More nations leaving the worthless dollar as reserve currency even as frauds on wall street reach new highs (What are they smoking? Coking? or like the dollar just cracking) based on corporate welfare flows with money the nation doesn't have pre-election (record deficits). Housing prices continue their sharp decline as bubble deflates. GM only lost 115 million. Ford lost 5.8 billion and must restate earnings back to year 2000 is a bullish sign in the fraudulent alice-in-wonderland lunatic world of wall street. Typical pre-fed meeting rally to provide a cushion for any negative pronouncements which reality would require but are seldom forthcoming by the accommodative frauds who have similarly embraced unreality. Indeed, the gutless wimps of wall street think they're "tough" when they fraudulently take the market higher despite a clearly contrary fact based reality. Caterpillar relates the pervasive reality and the frauds on wallstreet intimidate same with sell off, ignoring pervasive options scandal/fraud and rallies Merck despite lower than expectation results.....riiiiight! Election year corporate welfare to prime the pump and the mock stock market with money the nation doesn�t have (increasing already huge deficits). CPI figures (upon which government inflation adjusted payment obligations are based) lower than expected�..riiiiight! Intel earnings/revenues down sharply but according to the lunatic frauds on wall street, beat expectations and stock rallies along with yahoo which as in the pre-dot com bust days says better days are a coming�.. riiiiight Core inflation rate which is closely watched by the Fed exceeds all expectations. Fraud Merrill Lynch has really been pushing and commissioning that worthless paper and reports record earnings, despite having produced nothing and for very little if any value added (that ill-gotten money has to come from somewhere-your pockets?). The big economic report awaiting scrutiny was the monthly trade deficit which was expected to narrow but in fact INCREASED to 69.9 billion. The alice-in-wonderland lunatic wall street frauds rallied on the news as the dollar precipitously fell. The Fed Chairman said there is a "substantial correction" in housing, which will probably shave about 1% off growth in the second half of the year. The Institute of Supply Management said its services index fell to 52.9 in September -- the lowest level since April 2003. Great News�.. riiiiight!..... Consumer Confidence Higher Than Expected... riiiiight!..... and housing starts were down sharply but not-as-bad-as-expectations game in play US Existing Home Sales Fall 0.5% in August; Sales Price Drops Existing-home prices fall for 1st time in 11 years along with fed jaw-boning pre-election that inflation has been licked .....riiiiight �..despite printing worthless dollars like they�re going out of style because they really are! Fed did nothing and stocks rallied, pre-election.....riiiiight! What about the reality of u.s. debt service at a record unsustainable $2 billion per day on a revolving $2 trillion charge account with ie., China, etc.. The fact that foreclosures are up and that there is projected new trade deficit record, fake government inflation numbers for election year purposes, housing starts down 6% means little to the alice-in-wonderland lunatic frauds of wall street and the so-called pundits including yahoo below. Almost all computerized volume is and must be considered heavy, manipulated, economically wasteful volume [stocks move contrary to rational analytical facts (ie., exceeded lowered expectations, things so bad interest rates can�t rise, exceeded expectations, no earnings but outlook extraordinary, the fed says booo as they print more worthless dollars to finance deficits, etc. ) is money in the bank for the frauds on wall street when they unwind said irrational positions ]. Philadelphia Federal Reserve announces that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, leading economic indicators fall .2%, and previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows with b**l s**t from Yahoo (which didn�t even reference the record unanticipated trade gap):

Recall Expanded to Some Dry Cat Food
AP - The recall of pet foods contaminated with a chemical used to make plastics has grown to include both wet and dry products, even as investigators remain uncertain about why the substance would be fatal to dogs and cats.

� The market had its share of trading triggers on Friday, the bulk of which were bearish in Briefing.com's estimation.Granted there was encouraging news from an economic growth standpoint, as personal income and spending were both reported to be up 0.6% in February, versus expectations for a 0.3% increase for each, while the Chicago Purchasing Manager's Index printed with a 61.7 reading versus the 49.5 consensus estimate. A number above 50 reflects growth.Those items, in fact, proved to be early buying catalysts. However, they weren't enough to sustain a strong bullish bias as there were some overriding factors that effectively canceled them out.The biggest factor in that respect was the core-PCE component of the Personal Income and Spending report, which is the Fed's favorite inflation gauge. It was up 0.3% (consensus +0.2%) which pushed the annual rate up to 2.4% from 2.2% in January. The Fed's target range for core-PCE is 1.0% to 2.0%. To be sure, the combination of stronger than expected growth and higher than expected inflation not only squashed the idea that a Fed rate cut will happen soon, it also raised the potential that the Fed might raise rates again.Despite that negative implication and an admission from Dell (DELL 23.21, -0.18) that it found accounting errors and evidence of misconduct, stocks managed to hold their ground fairly well before a late-morning report that the Commerce Department approved duties on Chinese paper imports knocked them back in noticeable fashion.At their lows for the session, which were established just before noon eastern time, the Dow, Nasdaq and S&P were down approximately 105, 15 and 14 points, respectively.The impetus for the broad-based sell-off was the supposition that the Commerce Department's action reflected a protectionist agenda. Whether one agrees with that view or not, protectionism never plays out well on Wall Street given its detrimental effect on overall earnings prospects.Compounding the market's concerns mid-day were worries about the tension in the Persian Gulf between Iran and Western powers. Those concerns pushed oil prices as high as $66.78 on an intra-day basis before they rolled over on a burgeoning hope that there will be a peaceful resolution over the weekend with respect to Iran's capture of 15 British sailors.The pullback in oil prices helped drive an afternoon recovery effort that saw each of the major indices make their way back into positive territory before ending the day mixed and little changed. On a related note, the latter characterization sums up the first quarter for the major indices. While the Dow declined 0.87%, the Nasdaq and S&P 500 managed to eke out gains of 0.26% and 0.18%, respectively, for the first three months of the year.DJ30 +5.60 NASDAQ +3.76 SP500 -1.67 NASDAQ Dec/Adv/Vol 1477/1558/1.88 bln NYSE Dec/Adv/Vol 1540/1720/1.27 bln

There is nothing to rationally justify the previous up move or mixed results in the market other than what is tantamount to a negative, and based upon spurious data from the government; ie., fake government numbers said total PPI rose a smaller than expected 0.1% (consensus 0.4%) in July, which was well below the 0.5% jump in June, while the more closely watched core rate (ex-food and energy) unexpectedly (RIIIIIGHT!) fell 0.3% (consensus +0.2%) -- the first decline since October and the largest drop since a 0.5% decline in April 2003. Home Sales Decline in 28 States, D.C.. Real estate prices down/stagnant. But housing stocks�..up.....riiiiight!.....in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down.� Martin Crutsinger, AP Economics Writer, previously wrote,� U.S. Trade Deficit Falls 0.3 Percent in June to $64.8B, Offsetting Jump in Chinese Imports. Dell Recall Stems From sony Production Flaw� WASHINGTON (AP) -- America's trade deficit showed a slight improvement as strong global growth pushed U.S. exports to a record level. That helped offset a surge in Chinese imports and record crude oil prices. The deficit declined 0.3 percent in June, compared with May, dropping to $64.8 billion, still the fifth largest imbalance on record, the Commerce Department reported Thursday. The deficit is running at an annual rate of $768 billion through the first six months of this year, putting the country on track to see a fifth straight record imbalance. Last year's deficit was $716.7 billion. Prior considerations remain apposite in this clearly overvalued market. The frauds on wall street feel compelled to continue their tradition/superstition/fraud tactic of buying on the rumor and selling on the news (fact) of the Fed�s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money.� Yahoo previously commented: Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance....., to which I responded, Wild..... I�ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported and will now join gm in worker buyouts; but both GM and Ford will now offer built-in ipods which should substantially help their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Analyst says GM good news now behind it (past/discounted), yet stock still rose upon said analysis �..riiiiight�.. daaaaah! Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal, maybe even suspension, that has cast a harsh light on Silicon Valley's compensation practices. Don�t forget that GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland lunatic world of wall street is of course good news. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid (approx.) 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it�s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very commissionable (investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $65; yes, as in the last crash, they will get fooled again� as stocks up sharply in the fraudulent alice-in-wonderland lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the pundits/analysts are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley (who also says that in Europe bush�s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the �better than expectations� game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. Spotlight on the Stock Option Scandal-The share prices of companies involved in stock options backdating have held up well compared to the broader market. But shareholders might be in for a rougher ride. Plus, why the Nasdaq has its hands full. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived pearl harbor effect)/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/ and the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what�s up is down and what�s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they�ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin� to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don�t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)

"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006

WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):

The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

(3-29-07) The lunatic frauds on wall street rally into the close on high oil prices and fake upward revision to GDP report (riiiiight!) still relying on b**l s**t alone, even as Bernanke totally dashes wall street�s previous b.s. story underlying the previous week�s fraudulent up move based on b**l s**t alone and the paper paper chase/commissionable ponzi scheme continues (with borrowed funds) but will unwind/unravel as they always do, Home prices down/worst since '94, defaults up, new home sales unexpectedly down 3.9%.....it�s the weather say the frauds on wall street.....riiiiight!, home inventories up, oil prices up, leading indicators down again, existing home sales unexpectedly up.....right!, even as home inventories up as prices fell, warnings from the tech sector, all no problemo for the frauds on wall street, [fed heads, who�ve been printing worthless dollars like they�re going out of style because they are (so much so that they�ve stopped reporting M3), remove words �additional firming� is excuse for ridiculous mixed close as previously dollar precipitously fell on the news which is catch 22 as same is hyper-inflationary/stagflationary and dollar denominated assets fall in value], home construction unexpectedly up according to government report (riiiiight.....if you believe same.....I don�t) though permits down, lunatic frauds on wall street rally on the news, builder/construction sentiment down again and now below 50% reflecting reality, obfuscating mergers/b.s. to the rescue,� previous CPI (.4), wholesale (1.3 annualized 15.6), and core (.4) inflation rates far exceed expectations as worthless dollar and massive printing thereof and debt come home to roost, unexpected decline on the Philadelphia Fed's manufacturing index/disappointing NY Empire State Index, commissionable ponzi scheme with borrowed (ie., japan, etc.) and suckers� funds continues,� blowout Q1 earnings report from wall street lunatic frauds morgan stanley, goldman sachs (daaaaah!) even as record foreclosure rate and retail sales below expectations, mergers obfuscate dismal picture, retail sales down (they say it�s the weather.....riiiiight.....how about consumer debt at record $2.41 trillion) jobs data from private (as opposed to government) entity below expectations (who would have thunk it!.....riiiiight! But wait; latest government data at expectations and above, revising past data as unemployment rate falls to 4.5%.....and says trade deficit trend changing..... riiiiight!), along with below expectations oil inventories which had spurred oil price rally, while productivity below expectations/wage costs higher and above expectations (very inflationary), no problemo for the lunatic frauds on wall street (what a joke wall street is!) who are maniacal as lunatics suckers short-covering �bear market/higher oil prices/fake economic reports/fed speak rally� (based upon b**l s**t/fake reports even assuming fake growth rate though false, the decline of the fiat currency, the worthless dollar would negate same in real terms) (b.s. contrary to bernanke testimony before congress owing to previous implicit threat of prosecution for false statements)� fueled by b**l s**t alone ridiculously rally into the close to suck the suckers in; ie., as the Dow Jones industrial average up 48.39, S&P up 5.30, and NASDAQ up .78, all very commissionable on heavy volume, as in final pre-election result push for bush, which fell very short but has provided the same pump-priming of the market as most recently seen in 1999 which ended quite badly even without the exacerbating effects of huge unsustainable and debilitating debt/deficits deferring/delaying/prolonging the inevitable reality even as entire domestic u.s. industries are rendered what is tantamount to defunct and with corporate welfare unwisely spent (war crimes, etc.). Greenspan Warns of Likely U.S. Recession..... FORECLOSURES AT RECORD PACE, retail sales below expectations. TOP INVESTOR, SOROS' PARTNER, SEES U.S. PROPERTY CRASH 3-16-07 Major Mortgage Lender On Bankruptcy's Doorstep... REIT New Century Financial (NEW 3.21, halted at 0).....Everything is hunky doory says financial propaganda minister/comedian paulson (son of pat paulson?) while Moody�s says at least a 10% correction from fraudulent bubble highs is warranted/appropriate (I believe that to be a modest analytical view). Who would you believe? What do you expect a member of a failed administration to say? What�s changed? Nothing, as the frauds on wall street continue their commissionable ponzi scheme with borrowed (ie., japan, etc.) and suckers� funds.� Real estate experts say the pain/damage will exceed that of prior downturns since the great depression.Bernanke responds to recession prediction with b**l s**t (to his small credit he begrudgingly admits to looming fiscal crisis). Top investor, Soros partner sees property crash: 'You can't believe how bad it's going to get'... Manufacturing activity in u.s. up say fake reports (what, paper/worthless dollars/ securities/packaging for imported goods/parts/components, etc.). �BROKERS AT 'TOP-TIER' FIRMS CHARGED IN INSIDER TRADING SCHEME JUST TIP OF THE ICEBERG. New home sales down 17%.....Durables down over seven percent. Are they going to fudge/falsify the GDP revision? Oil rise on US energy inventory data. Stagflation, fake reports understate fundamental weakness, higher oil prices rally. Housing starts down sharply, as investors, domestic and international, dramatically slow purchase of fiat currency/worthless us/dollar denominated stocks and bonds. Record real estate price slump; industrial production/utilization down. Record home price slump. Retail numbers at best (I don�t believe them for a second) just flat; massive layoffs at Chrysler; more government borrowing to paint false facade. Trade deficit up sharply and new record for all of 2006 - $763 billion (the market last rallied with previous month�s improvement, and rallies with worsening, everything else was typical wall street b**l s**t meaning and based on nothing, ie., m&a, upgrade, etc.). Default rates up again. HSBC Holdings, the world's third largest bank, warned that provisions for bad debt will be some 20% higher than previously thought. SEC launch of insider trading (pervasive on fraudulent wall street) probe just tip of the iceberg. Negative savings rate (highest since great depression), factory output down, home inventories highest since last crash, defaults up, gm and ford sales down 17% and 19%, deficits trade/budget, dollar down and going lower, january jobs data weaker than the consensus estimate and below the average gain of 153,000 per month for all of 2006 and viewed as bearish......but no problemo if you�re a lunatic fraud on wall street. Personal Savings at Lowest Point Since 1933-- Great Depression's low. �Fake economic growth report from the administration. Mergers and acquisitions continue to cloud the picture facilitating the fraud. Having beat fraudulent alice-in-wonderland lunatic world of wall street expectations with Record Loss of $12.7 Billion, the rally in Ford�s stock continues..... riiiiight! Fake numbers also a plus. Ford Posts Record Loss of $12.7 Billion.....stock rallies on the news.....riiiiight! P/E ratios far beyond the mean particularly for this stage in the cycle for selected securities (ie., 80+, etc.). Higher oil prices and fake indicators report spark rally.....riiiiight! Report on leading economic indicators is delayed (very unusual unless you understand the greater complexity in fudging same.....not to worry, fans of frauds on wall street.....the lunatic frauds will also get their churn-and-earn commission dollars on the way down).Fed Chairman Bernanke begins to euphemistically discuss reality on capital hill. PAPER: Condo market in DC, Vegas, Miami and Boston has collapsed... Euro displaces dollar in bond markets...13 charged in Wall Street insider trading ring CNN International Higher oil prices and fake numbers spurs rally. More fake job numbers (at best, hamburger helpers, etc.). Foreclosures Rip Neighborhoods in Denver. Yahoo profit falls 61% but rallies 6% on b**l s**t alone. �Insider-Trading Ring Bust in US Fuels Hedge-Fund Concerns. Jawboning by kohn of print-those-worthless-dollars fed raises market.....riiiiight! The ism services index fell, but that was down from an unexpectedly and fake strong read a month earlier, manufacturing index up slightly to 51.4 (they must be counting hamburgers as manufactured goods in u.s......riiiiight!) but fed knows they�ve been printing worthless dollars like mad which of course is hyperinflationary and will come home to roost, along with huge debt/deficits, trade and budget, Stores Report Disappointing Dec. Sales, Gap Woes Deepen in Bleak Holiday Season. Ford and GM auto sales down 13%. More reports in defiance of reality, oil prices up, Dollar Slides...,every intelligent analyst/economist knows that the new home sales number from the government is a total lie that will be revised downward later, that the options scandals are pervasive in fraudulent america (100 investigations just tip of the iceberg), oil stocks continue to rally on lower oil prices, as previously on pipeline explosion in Nigeria, spill in Gulf, and sanctions for Iran, and sharp FALL in oil prices.....riiiiight!.....predictions of disappointing retail sales even with fire-sale discounted prices,..... Highest increase (2%) in 30 years for the wholesale price index, and as well, the core ppi (1.3%), GDP growth less than expected at 2%, dollar sharply lower, oil prices up, building permits down, all unexpectedly bad but great news in the fraudulent alice-in-wonderland lunatic world of wall street. New Record Quarterly Trade Deficit initially spurred lunatic market rally along with obfuscating but very commissionable merger activity. Core inflation a very unexpected unchanged .....riiiiight!.....spurs superstitious, devoid of reality, santa rally.� Investment Banks Post Record 2006 Profit .....daaaaah! Churning and earning on worthless paper, where is that commission dollar coming from even as america has ceded solvency/leadership in every economic measure. Even at the lofty record numbers the indices are worth roughly half their value based on precipitous fall of the dollar in only 5 years with further downside to go. Superstitious �Santa Claus rally�.....riiiiight! High oil price rally.....riiiiight!� Total� bulls**t ! Retail sales up a very unexpected 1%, riiiiight, at the same time inventories of such goods rising substantially (do you think they�re booking sales to �straw men/companies�.....I do!) and oil inventories down. Fake employment numbers (from the government.....riiiiight!) the impetus for previous b.s. rally despite falling sentiment and uptick in unemployment. The ism services index (financed by unsustainable deficit/debt spending and pushing/commissioning worthless paper) and jawboning/bulls**t from the housing industry (the end is near.....riiiiight!), obfuscating mergers continued to cloud the picture, closely-watched core-PCE deflator had risen a more than expected 0.2%, second sub-50 reading on manufacturing activity in as many sessions-the November ISM index unexpectedly fell to 49.5 (consensus 52.0), Chicago PMI fell to its lowest level (49.9%) in October, and below the 50 level, indicating contraction, crude prices up� (OIL PRICES RISE ABOVE $63 A BARREL...), DOLLAR RESUMES SLIDE, Fed Chairman Bernanke & Co. cheerleading/jawboning/bulls**t, 3.2% decline in new home sales, oil inventories down and oil prices up, oil producers shun the dollar, Russia and Opec shift revenues into euros, yen and sterling..., all very bad news anywhere but in the fraudulent alice-in-wonderland world of wall street. Durable goods orders fell sharply, sentiment down, but supposedly used home sales rose slightly (riiiiight.....who says; the realtors/government who have been talking up this bubble market?) albeit at sharply lower prices. DOLLAR PLUNGES TO NEAR 15-YEAR LOW� In other words, no good news to justify the ridiculous up move by the alice-in-wonderland frauds of wall street. Worthless dollar, triple deficits, stock/options scandals/corruption, as some speculate that fed is behind purchases/manipulation (through proxy) of worthless american paper now being shunned by more rational market players abroad.� MARKETS ROCKED BY LONG OVERDUE BUT STILL MODEST RELATIVE TO REALITY SHARP SLIDE IN DOLLAR...There has never been a time since 1929 when stock prices and p/e ratios were so irrationally high for this point in a bull cycle in this indisputable secular bear market, particularly with the existing unprecedented structural economic problems, ie., trade and budget deficits, worthless dollar, scandals, fraud, corruption , etc.. In fact, unemployment unexpectedly rose substantially and consumer sentiment unexpectedly but similarly realistically fell, both very negative exept in the� fraudulent alice-in-wonderland world of wall street. Indeed, the housing bubble bursting with ie., unexpected 14% decline in starts/permits, etc., led to rally in the fraudulent alice-in-wonderland world of wall street. Obfuscating mergers help preclude detection of this massive and pervasive fraud which defies analysis owing to these mergers. New talking pointing: dell numbers exceed expectations depending upon ongoing government scrutiny of their accounting practices.....riiiiight! More contrived manipulated markets and data well as that previous unexpected rise in that global hub of manufacturing activity, New York (worthless paper is their real product, etc.) �..riiiiight!�.. underpins fraudulent up move. Reassuring Fed speak, also known as b**l s**t, along with IPO�s (get the suckers in at the highs as in late 90�s market bubble), and shrugging off pervasive stock/options fraud as at, ie., KB Homes, etc., leave stocks ridiculously higher. Nations leaving the worthless dollar in droves for currencies backed by value and for precious metals. Based on the self-interested statement of typical fraud american and fed rep, we hear once again the wishful thought that housing has bottomed.....right! [Reality/Truth: US housing slump deepens, spreads]. Home depot rallies despite lower than expected results and lower guidance for the year.....right! Who is stupid enough to believe anything the fraudulent criminal americans say. They are printing worthless dollars like mad. Consumer sentiment actually previously fell and there was nothing but wall street lunacy to prop the fraudulent market. The republicans who lockstepped with war criminal dumbya bush deserved to lose. The frauds on wall street now looking for the new corporate welfare program for which to sell the sizzle ie., stem cells, etc.. The know-nothing pundits are now saying the up move without any rational basis is predicated upon the the falsity that gridlock in washington is welcomed and good because no regulation of, ie., fraud on wall street, etc., can be passed. How about a tax on stock trades to come directly from the traders' (traitors/frauds) bottom lines and provide a disincentive for the churn-and-earn fraud which is tantamount to a wasteful tax on the economy. Even token Christian paulison from jew fraud wall street couldn't stem the tide against the blatent zionist/neocon/bush co failure accross the board as the wall street frauds show record profits financed, albeit indirectly, by huge deficits, both trade and budget. Obfuscating mergers blur the picture to provide cover for up move talking points in defiance of reality.� Stagflation and full employment revisions pre-election.....riiiiight. Productivity comes in at a less than expected 0 (inflationary). The only surprise should have been that the number wasn't negative. The pundits are now saying that the market/wall street fraud is in a state of denial regarding economic fundamentals and that the market is substantially overbought, overvalued, overfrauded, over, etc., the manufacturing index coming in lower than expectations. Consumer sentiment unexpectedly fell.....daaaaah. Pre-election core inflation rate report good �..riiiiight�..but savings rate still negative and walmart sales/profits/outlook substantially below expectations but what the heck, they�re wallstreet lunatics/frauds and reality is no problem. Despite pre-election deficit spending, GNP comes in a less than expected paltry 1.6% increase with worthless falling dollar the catch-22 precluding reality avoidance and the worst yet to come. More nations leaving the worthless dollar as reserve currency even as frauds on wall street reach new highs (What are they smoking? Coking? or like the dollar just cracking) based on corporate welfare flows with money the nation doesn't have pre-election (record deficits). Housing prices continue their sharp decline as bubble deflates. GM only lost 115 million. Ford lost 5.8 billion and must restate earnings back to year 2000 is a bullish sign in the fraudulent alice-in-wonderland lunatic world of wall street. Typical pre-fed meeting rally to provide a cushion for any negative pronouncements which reality would require but are seldom forthcoming by the accommodative frauds who have similarly embraced unreality. Indeed, the gutless wimps of wall street think they're "tough" when they fraudulently take the market higher despite a clearly contrary fact based reality. Caterpillar relates the pervasive reality and the frauds on wallstreet intimidate same with sell off, ignoring pervasive options scandal/fraud and rallies Merck despite lower than expectation results.....riiiiight! Election year corporate welfare to prime the pump and the mock stock market with money the nation doesn�t have (increasing already huge deficits). CPI figures (upon which government inflation adjusted payment obligations are based) lower than expected�..riiiiight! Intel earnings/revenues down sharply but according to the lunatic frauds on wall street, beat expectations and stock rallies along with yahoo which as in the pre-dot com bust days says better days are a coming�.. riiiiight Core inflation rate which is closely watched by the Fed exceeds all expectations. Fraud Merrill Lynch has really been pushing and commissioning that worthless paper and reports record earnings, despite having produced nothing and for very little if any value added (that ill-gotten money has to come from somewhere-your pockets?). The big economic report awaiting scrutiny was the monthly trade deficit which was expected to narrow but in fact INCREASED to 69.9 billion. The alice-in-wonderland lunatic wall street frauds rallied on the news as the dollar precipitously fell. The Fed Chairman said there is a "substantial correction" in housing, which will probably shave about 1% off growth in the second half of the year. The Institute of Supply Management said its services index fell to 52.9 in September -- the lowest level since April 2003. Great News�.. riiiiight!..... Consumer Confidence Higher Than Expected... riiiiight!..... and housing starts were down sharply but not-as-bad-as-expectations game in play US Existing Home Sales Fall 0.5% in August; Sales Price Drops Existing-home prices fall for 1st time in 11 years along with fed jaw-boning pre-election that inflation has been licked .....riiiiight �..despite printing worthless dollars like they�re going out of style because they really are! Fed did nothing and stocks rallied, pre-election.....riiiiight! What about the reality of u.s. debt service at a record unsustainable $2 billion per day on a revolving $2 trillion charge account with ie., China, etc.. The fact that foreclosures are up and that there is projected new trade deficit record, fake government inflation numbers for election year purposes, housing starts down 6% means little to the alice-in-wonderland lunatic frauds of wall street and the so-called pundits including yahoo below. Almost all computerized volume is and must be considered heavy, manipulated, economically wasteful volume [stocks move contrary to rational analytical facts (ie., exceeded lowered expectations, things so bad interest rates can�t rise, exceeded expectations, no earnings but outlook extraordinary, the fed says booo as they print more worthless dollars to finance deficits, etc. ) is money in the bank for the frauds on wall street when they unwind said irrational positions ]. Philadelphia Federal Reserve announces that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, leading economic indicators fall .2%, and previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows with b**l s**t from Yahoo (which didn�t even reference the record unanticipated trade gap):

Dell Says Audit Found Accounting Errors
AP - In the most serious admission yet of the extent of Dell Inc.'s financial woes, the company's internal audit committee said it has found a number of accounting errors and evidence of misconduct in its months-long review of previous earnings statements.

� Riding a shift in sentiment and better than expected economic data, the stock market started Thursday's session on an upbeat note. Its bullish tune quickly changed, however, when the technology sector got hit with selling interest and oil prices spiked more than $2.00 to trade above $66 per barrel.When it seemed as if the market was destined to suffer another down day, things changed just as quickly in the final hour as a rush of buying interest pushed the major indices back into positive territory. The Nasdaq for its part was down as much as 20 points at its low for the day.There wasn't any specific news catalyst for the late surge, but it was emblematic of a market that has had a manic demeanor ever since the global stock market sell-off on Feb. 27.At the end of the day, nine out of ten economic sectors had recorded a gain. The lone holdout was technology (-0.12%) but its loss is better than it appears considering the sector was down close to 1.0% with less than two hours to go in the session.One of the "rallying" points for the market was the relative strength of the financial sector (+0.57%) which was a main beneficiary of the late-day buying interest.Energy (+0.91%) was another notable leader as it drafted off the surge in crude prices that followed reports of the death of a presidential candidate in Nigeria. That news, combined with the growing tension in the Persian Gulf between Iran and the UK, added to the sense of uncertainty for traders with respect to supply lines and drove a speculative rally that saw crude futures for May delivery top out at $66.50 per barrel.Separately, it was reported that initial claims fell 10,000 to 308,000 in the latest week and that Q4 GDP was revised up to 2.5% from 2.2%. Those indications were well-received (even though the GDP data is dated) as they reinforced the view that labor market conditions remain strong and that economic growth is moderating to a point that should help curb inflation.The late rally pushed the S&P 500 into positive territory for the year (+0.30%). Friday marks the end of the first quarter for traders and the Personal income and Spending report, which contains the Fed's favored inflation indicator in the form of the core-PCE index, should help determine if the first quarter ends on a positive or negative note for the S&P.DJ30 +48.39 NASDAQ +0.78 SP500 +5.30 NASDAQ Dec/Adv/Vol 1471/1515/1.95 bln NYSE Dec/Adv/Vol 1253/2021/1.41 bln

There is nothing to rationally justify the previous up move or mixed results in the market other than what is tantamount to a negative, and based upon spurious data from the government; ie., fake government numbers said total PPI rose a smaller than expected 0.1% (consensus 0.4%) in July, which was well below the 0.5% jump in June, while the more closely watched core rate (ex-food and energy) unexpectedly (RIIIIIGHT!) fell 0.3% (consensus +0.2%) -- the first decline since October and the largest drop since a 0.5% decline in April 2003. Home Sales Decline in 28 States, D.C.. Real estate prices down/stagnant. But housing stocks�..up.....riiiiight!.....in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down.� Martin Crutsinger, AP Economics Writer, previously wrote,� U.S. Trade Deficit Falls 0.3 Percent in June to $64.8B, Offsetting Jump in Chinese Imports. Dell Recall Stems From sony Production Flaw� WASHINGTON (AP) -- America's trade deficit showed a slight improvement as strong global growth pushed U.S. exports to a record level. That helped offset a surge in Chinese imports and record crude oil prices. The deficit declined 0.3 percent in June, compared with May, dropping to $64.8 billion, still the fifth largest imbalance on record, the Commerce Department reported Thursday. The deficit is running at an annual rate of $768 billion through the first six months of this year, putting the country on track to see a fifth straight record imbalance. Last year's deficit was $716.7 billion. Prior considerations remain apposite in this clearly overvalued market. The frauds on wall street feel compelled to continue their tradition/superstition/fraud tactic of buying on the rumor and selling on the news (fact) of the Fed�s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money.� Yahoo previously commented: Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance....., to which I responded, Wild..... I�ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported and will now join gm in worker buyouts; but both GM and Ford will now offer built-in ipods which should substantially help their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Analyst says GM good news now behind it (past/discounted), yet stock still rose upon said analysis �..riiiiight�.. daaaaah! Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal, maybe even suspension, that has cast a harsh light on Silicon Valley's compensation practices. Don�t forget that GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland lunatic world of wall street is of course good news. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid (approx.) 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it�s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very commissionable (investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $66; yes, as in the last crash, they will get fooled again� as stocks up sharply in the fraudulent alice-in-wonderland lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the pundits/analysts are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley (who also says that in Europe bush�s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the �better than expectations� game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. Spotlight on the Stock Option Scandal-The share prices of companies involved in stock options backdating have held up well compared to the broader market. But shareholders might be in for a rougher ride. Plus, why the Nasdaq has its hands full. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived pearl harbor effect)/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/ and the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what�s up is down and what�s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they�ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin� to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don�t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)

"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006

WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):

The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

(3-28-07) Stocks drop only modestly relative to reality, with lunatic frauds on wall street still relying on b**l s**t alone, even as Bernanke totally dashes wall street�s previous b.s. story underlying the previous week�s fraudulent up move based on b**l s**t alone and the paper paper chase/commissionable ponzi scheme continues (with borrowed funds) but will unwind/unravel as they always do, Home prices down/worst since '94, defaults up, new home sales unexpectedly down 3.9%.....it�s the weather say the frauds on wall street.....riiiiight!, home inventories up, oil prices up, leading indicators down again, existing home sales unexpectedly up.....right!, even as home inventories up as prices fell, warnings from the tech sector, all no problemo for the frauds on wall street, [fed heads, who�ve been printing worthless dollars like they�re going out of style because they are (so much so that they�ve stopped reporting M3), remove words �additional firming� is excuse for ridiculous mixed close as previously dollar precipitously fell on the news which is catch 22 as same is hyper-inflationary/stagflationary and dollar denominated assets fall in value], home construction unexpectedly up according to government report (riiiiight.....if you believe same.....I don�t) though permits down, lunatic frauds on wall street rally on the news, builder/construction sentiment down again and now below 50% reflecting reality, obfuscating mergers/b.s. to the rescue,� previous CPI (.4), wholesale (1.3 annualized 15.6), and core (.4) inflation rates far exceed expectations as worthless dollar and massive printing thereof and debt come home to roost, unexpected decline on the Philadelphia Fed's manufacturing index/disappointing NY Empire State Index, commissionable ponzi scheme with borrowed (ie., japan, etc.) and suckers� funds continues,� blowout Q1 earnings report from wall street lunatic frauds morgan stanley, goldman sachs (daaaaah!) even as record foreclosure rate and retail sales below expectations, mergers obfuscate dismal picture, retail sales down (they say it�s the weather.....riiiiight.....how about consumer debt at record $2.41 trillion) jobs data from private (as opposed to government) entity below expectations (who would have thunk it!.....riiiiight! But wait; latest government data at expectations and above, revising past data as unemployment rate falls to 4.5%.....and says trade deficit trend changing..... riiiiight!), along with below expectations oil inventories which had spurred oil price rally, while productivity below expectations/wage costs higher and above expectations (very inflationary), no problemo for the lunatic frauds on wall street (what a joke wall street is!) who are maniacal as lunatics suckers short-covering �bear market/higher oil prices/fake economic reports/fed speak rally� (based upon b**l s**t/fake reports even assuming fake growth rate though false, the decline of the fiat currency, the worthless dollar would negate same in real terms) (b.s. contrary to bernanke testimony before congress owing to previous implicit threat of prosecution for false statements)� fueled by b**l s**t alone ridiculously rally into the close off lows to suck the suckers in; ie., as the Dow Jones industrial average down 96.93, S&P down 11.39, and NASDAQ down 20.33, all very commissionable on heavy volume, as in final pre-election result push for bush, which fell very short but has provided the same pump-priming of the market as most recently seen in 1999 which ended quite badly even without the exacerbating effects of huge unsustainable and debilitating debt/deficits deferring/delaying/prolonging the inevitable reality even as entire domestic u.s. industries are rendered what is tantamount to defunct and with corporate welfare unwisely spent (war crimes, etc.). Greenspan Warns of Likely U.S. Recession..... FORECLOSURES AT RECORD PACE, retail sales below expectations. TOP INVESTOR, SOROS' PARTNER, SEES U.S. PROPERTY CRASH 3-16-07 Major Mortgage Lender On Bankruptcy's Doorstep... REIT New Century Financial (NEW 3.21, halted at 0).....Everything is hunky doory says financial propaganda minister/comedian paulson (son of pat paulson?) while Moody�s says at least a 10% correction from fraudulent bubble highs is warranted/appropriate (I believe that to be a modest analytical view). Who would you believe? What do you expect a member of a failed administration to say? What�s changed? Nothing, as the frauds on wall street continue their commissionable ponzi scheme with borrowed (ie., japan, etc.) and suckers� funds.� Real estate experts say the pain/damage will exceed that of prior downturns since the great depression.Bernanke responds to recession prediction with b**l s**t (to his small credit he begrudgingly admits to looming fiscal crisis). Top investor, Soros partner sees property crash: 'You can't believe how bad it's going to get'... Manufacturing activity in u.s. up say fake reports (what, paper/worthless dollars/ securities/packaging for imported goods/parts/components, etc.). �BROKERS AT 'TOP-TIER' FIRMS CHARGED IN INSIDER TRADING SCHEME JUST TIP OF THE ICEBERG. New home sales down 17%.....Durables down over seven percent. Are they going to fudge/falsify the GDP revision? Oil rise on US energy inventory data. Stagflation, fake reports understate fundamental weakness, higher oil prices rally. Housing starts down sharply, as investors, domestic and international, dramatically slow purchase of fiat currency/worthless us/dollar denominated stocks and bonds. Record real estate price slump; industrial production/utilization down. Record home price slump. Retail numbers at best (I don�t believe them for a second) just flat; massive layoffs at Chrysler; more government borrowing to paint false facade. Trade deficit up sharply and new record for all of 2006 - $763 billion (the market last rallied with previous month�s improvement, and rallies with worsening, everything else was typical wall street b**l s**t meaning and based on nothing, ie., m&a, upgrade, etc.). Default rates up again. HSBC Holdings, the world's third largest bank, warned that provisions for bad debt will be some 20% higher than previously thought. SEC launch of insider trading (pervasive on fraudulent wall street) probe just tip of the iceberg. Negative savings rate (highest since great depression), factory output down, home inventories highest since last crash, defaults up, gm and ford sales down 17% and 19%, deficits trade/budget, dollar down and going lower, january jobs data weaker than the consensus estimate and below the average gain of 153,000 per month for all of 2006 and viewed as bearish......but no problemo if you�re a lunatic fraud on wall street. Personal Savings at Lowest Point Since 1933-- Great Depression's low. �Fake economic growth report from the administration. Mergers and acquisitions continue to cloud the picture facilitating the fraud. Having beat fraudulent alice-in-wonderland lunatic world of wall street expectations with Record Loss of $12.7 Billion, the rally in Ford�s stock continues..... riiiiight! Fake numbers also a plus. Ford Posts Record Loss of $12.7 Billion.....stock rallies on the news.....riiiiight! P/E ratios far beyond the mean particularly for this stage in the cycle for selected securities (ie., 80+, etc.). Higher oil prices and fake indicators report spark rally.....riiiiight! Report on leading economic indicators is delayed (very unusual unless you understand the greater complexity in fudging same.....not to worry, fans of frauds on wall street.....the lunatic frauds will also get their churn-and-earn commission dollars on the way down).Fed Chairman Bernanke begins to euphemistically discuss reality on capital hill. PAPER: Condo market in DC, Vegas, Miami and Boston has collapsed... Euro displaces dollar in bond markets...13 charged in Wall Street insider trading ring CNN International Higher oil prices and fake numbers spurs rally. More fake job numbers (at best, hamburger helpers, etc.). Foreclosures Rip Neighborhoods in Denver. Yahoo profit falls 61% but rallies 6% on b**l s**t alone. �Insider-Trading Ring Bust in US Fuels Hedge-Fund Concerns. Jawboning by kohn of print-those-worthless-dollars fed raises market.....riiiiight! The ism services index fell, but that was down from an unexpectedly and fake strong read a month earlier, manufacturing index up slightly to 51.4 (they must be counting hamburgers as manufactured goods in u.s......riiiiight!) but fed knows they�ve been printing worthless dollars like mad which of course is hyperinflationary and will come home to roost, along with huge debt/deficits, trade and budget, Stores Report Disappointing Dec. Sales, Gap Woes Deepen in Bleak Holiday Season. Ford and GM auto sales down 13%. More reports in defiance of reality, oil prices up, Dollar Slides...,every intelligent analyst/economist knows that the new home sales number from the government is a total lie that will be revised downward later, that the options scandals are pervasive in fraudulent america (100 investigations just tip of the iceberg), oil stocks continue to rally on lower oil prices, as previously on pipeline explosion in Nigeria, spill in Gulf, and sanctions for Iran, and sharp FALL in oil prices.....riiiiight!.....predictions of disappointing retail sales even with fire-sale discounted prices,..... Highest increase (2%) in 30 years for the wholesale price index, and as well, the core ppi (1.3%), GDP growth less than expected at 2%, dollar sharply lower, oil prices up, building permits down, all unexpectedly bad but great news in the fraudulent alice-in-wonderland lunatic world of wall street. New Record Quarterly Trade Deficit initially spurred lunatic market rally along with obfuscating but very commissionable merger activity. Core inflation a very unexpected unchanged .....riiiiight!.....spurs superstitious, devoid of reality, santa rally.� Investment Banks Post Record 2006 Profit .....daaaaah! Churning and earning on worthless paper, where is that commission dollar coming from even as america has ceded solvency/leadership in every economic measure. Even at the lofty record numbers the indices are worth roughly half their value based on precipitous fall of the dollar in only 5 years with further downside to go. Superstitious �Santa Claus rally�.....riiiiight! High oil price rally.....riiiiight!� Total� bulls**t ! Retail sales up a very unexpected 1%, riiiiight, at the same time inventories of such goods rising substantially (do you think they�re booking sales to �straw men/companies�.....I do!) and oil inventories down. Fake employment numbers (from the government.....riiiiight!) the impetus for previous b.s. rally despite falling sentiment and uptick in unemployment. The ism services index (financed by unsustainable deficit/debt spending and pushing/commissioning worthless paper) and jawboning/bulls**t from the housing industry (the end is near.....riiiiight!), obfuscating mergers continued to cloud the picture, closely-watched core-PCE deflator had risen a more than expected 0.2%, second sub-50 reading on manufacturing activity in as many sessions-the November ISM index unexpectedly fell to 49.5 (consensus 52.0), Chicago PMI fell to its lowest level (49.9%) in October, and below the 50 level, indicating contraction, crude prices up� (OIL PRICES RISE ABOVE $63 A BARREL...), DOLLAR RESUMES SLIDE, Fed Chairman Bernanke & Co. cheerleading/jawboning/bulls**t, 3.2% decline in new home sales, oil inventories down and oil prices up, oil producers shun the dollar, Russia and Opec shift revenues into euros, yen and sterling..., all very bad news anywhere but in the fraudulent alice-in-wonderland world of wall street. Durable goods orders fell sharply, sentiment down, but supposedly used home sales rose slightly (riiiiight.....who says; the realtors/government who have been talking up this bubble market?) albeit at sharply lower prices. DOLLAR PLUNGES TO NEAR 15-YEAR LOW� In other words, no good news to justify the ridiculous up move by the alice-in-wonderland frauds of wall street. Worthless dollar, triple deficits, stock/options scandals/corruption, as some speculate that fed is behind purchases/manipulation (through proxy) of worthless american paper now being shunned by more rational market players abroad.� MARKETS ROCKED BY LONG OVERDUE BUT STILL MODEST RELATIVE TO REALITY SHARP SLIDE IN DOLLAR...There has never been a time since 1929 when stock prices and p/e ratios were so irrationally high for this point in a bull cycle in this indisputable secular bear market, particularly with the existing unprecedented structural economic problems, ie., trade and budget deficits, worthless dollar, scandals, fraud, corruption , etc.. In fact, unemployment unexpectedly rose substantially and consumer sentiment unexpectedly but similarly realistically fell, both very negative exept in the� fraudulent alice-in-wonderland world of wall street. Indeed, the housing bubble bursting with ie., unexpected 14% decline in starts/permits, etc., led to rally in the fraudulent alice-in-wonderland world of wall street. Obfuscating mergers help preclude detection of this massive and pervasive fraud which defies analysis owing to these mergers. New talking pointing: dell numbers exceed expectations depending upon ongoing government scrutiny of their accounting practices.....riiiiight! More contrived manipulated markets and data well as that previous unexpected rise in that global hub of manufacturing activity, New York (worthless paper is their real product, etc.) �..riiiiight!�.. underpins fraudulent up move. Reassuring Fed speak, also known as b**l s**t, along with IPO�s (get the suckers in at the highs as in late 90�s market bubble), and shrugging off pervasive stock/options fraud as at, ie., KB Homes, etc., leave stocks ridiculously higher. Nations leaving the worthless dollar in droves for currencies backed by value and for precious metals. Based on the self-interested statement of typical fraud american and fed rep, we hear once again the wishful thought that housing has bottomed.....right! [Reality/Truth: US housing slump deepens, spreads]. Home depot rallies despite lower than expected results and lower guidance for the year.....right! Who is stupid enough to believe anything the fraudulent criminal americans say. They are printing worthless dollars like mad. Consumer sentiment actually previously fell and there was nothing but wall street lunacy to prop the fraudulent market. The republicans who lockstepped with war criminal dumbya bush deserved to lose. The frauds on wall street now looking for the new corporate welfare program for which to sell the sizzle ie., stem cells, etc.. The know-nothing pundits are now saying the up move without any rational basis is predicated upon the the falsity that gridlock in washington is welcomed and good because no regulation of, ie., fraud on wall street, etc., can be passed. How about a tax on stock trades to come directly from the traders' (traitors/frauds) bottom lines and provide a disincentive for the churn-and-earn fraud which is tantamount to a wasteful tax on the economy. Even token Christian paulison from jew fraud wall street couldn't stem the tide against the blatent zionist/neocon/bush co failure accross the board as the wall street frauds show record profits financed, albeit indirectly, by huge deficits, both trade and budget. Obfuscating mergers blur the picture to provide cover for up move talking points in defiance of reality.� Stagflation and full employment revisions pre-election.....riiiiight. Productivity comes in at a less than expected 0 (inflationary). The only surprise should have been that the number wasn't negative. The pundits are now saying that the market/wall street fraud is in a state of denial regarding economic fundamentals and that the market is substantially overbought, overvalued, overfrauded, over, etc., the manufacturing index coming in lower than expectations. Consumer sentiment unexpectedly fell.....daaaaah. Pre-election core inflation rate report good �..riiiiight�..but savings rate still negative and walmart sales/profits/outlook substantially below expectations but what the heck, they�re wallstreet lunatics/frauds and reality is no problem. Despite pre-election deficit spending, GNP comes in a less than expected paltry 1.6% increase with worthless falling dollar the catch-22 precluding reality avoidance and the worst yet to come. More nations leaving the worthless dollar as reserve currency even as frauds on wall street reach new highs (What are they smoking? Coking? or like the dollar just cracking) based on corporate welfare flows with money the nation doesn't have pre-election (record deficits). Housing prices continue their sharp decline as bubble deflates. GM only lost 115 million. Ford lost 5.8 billion and must restate earnings back to year 2000 is a bullish sign in the fraudulent alice-in-wonderland lunatic world of wall street. Typical pre-fed meeting rally to provide a cushion for any negative pronouncements which reality would require but are seldom forthcoming by the accommodative frauds who have similarly embraced unreality. Indeed, the gutless wimps of wall street think they're "tough" when they fraudulently take the market higher despite a clearly contrary fact based reality. Caterpillar relates the pervasive reality and the frauds on wallstreet intimidate same with sell off, ignoring pervasive options scandal/fraud and rallies Merck despite lower than expectation results.....riiiiight! Election year corporate welfare to prime the pump and the mock stock market with money the nation doesn�t have (increasing already huge deficits). CPI figures (upon which government inflation adjusted payment obligations are based) lower than expected�..riiiiight! Intel earnings/revenues down sharply but according to the lunatic frauds on wall street, beat expectations and stock rallies along with yahoo which as in the pre-dot com bust days says better days are a coming�.. riiiiight Core inflation rate which is closely watched by the Fed exceeds all expectations. Fraud Merrill Lynch has really been pushing and commissioning that worthless paper and reports record earnings, despite having produced nothing and for very little if any value added (that ill-gotten money has to come from somewhere-your pockets?). The big economic report awaiting scrutiny was the monthly trade deficit which was expected to narrow but in fact INCREASED to 69.9 billion. The alice-in-wonderland lunatic wall street frauds rallied on the news as the dollar precipitously fell. The Fed Chairman said there is a "substantial correction" in housing, which will probably shave about 1% off growth in the second half of the year. The Institute of Supply Management said its services index fell to 52.9 in September -- the lowest level since April 2003. Great News�.. riiiiight!..... Consumer Confidence Higher Than Expected... riiiiight!..... and housing starts were down sharply but not-as-bad-as-expectations game in play US Existing Home Sales Fall 0.5% in August; Sales Price Drops Existing-home prices fall for 1st time in 11 years along with fed jaw-boning pre-election that inflation has been licked .....riiiiight �..despite printing worthless dollars like they�re going out of style because they really are! Fed did nothing and stocks rallied, pre-election.....riiiiight! What about the reality of u.s. debt service at a record unsustainable $2 billion per day on a revolving $2 trillion charge account with ie., China, etc.. The fact that foreclosures are up and that there is projected new trade deficit record, fake government inflation numbers for election year purposes, housing starts down 6% means little to the alice-in-wonderland lunatic frauds of wall street and the so-called pundits including yahoo below. Almost all computerized volume is and must be considered heavy, manipulated, economically wasteful volume [stocks move contrary to rational analytical facts (ie., exceeded lowered expectations, things so bad interest rates can�t rise, exceeded expectations, no earnings but outlook extraordinary, the fed says booo as they print more worthless dollars to finance deficits, etc. ) is money in the bank for the frauds on wall street when they unwind said irrational positions ]. Philadelphia Federal Reserve announces that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, leading economic indicators fall .2%, and previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows with b**l s**t from Yahoo (which didn�t even reference the record unanticipated trade gap):

Ex-Qwest CEO Accused of Concealing $90M
AP - Former Qwest Communications chief executive Joe Nacchio, on trial for insider trading, attempted to hide $90 million in assets by transferring stock into accounts held solely by his wife, according to a prosecution motion made public Wednesday.

� As far as today's participants were concerned, there wasn't much to get excited about when it came to buying stocks. Their disinterest was understandable, too. Oil prices pushed above $64 per barrel, the February durable orders report was relatively weak, and Fed Chairman Bernanke reminded listeners in his testimony on the economy before the Joint Economic Committee that Fed policy remains oriented toward inflation control. The translation there is that participants shouldn't expect a rate cut from the Fed anytime soon. That realization was effective at taking the wind out of the market's already wet sails and left the indices languishing in negative territory from bell to bell.At their worst levels of the day, the Dow, Nasdaq and S&P were down approximately 139, 24 and 14 points, respectively. They managed a decent recovery try in early-afternoon trading, but ultimately, that effort was met with resistance when the influential financial sector didn't show any lasting support.The weak showing by the financials (-1.22%) was linked to an assortment of concerns - subprime mortgage problems, housing market weakness, stock market volatility, the economic slowdown, and lackluster earnings growth - that clipped just about every industry group.The financial sector had plenty of company, though, as there wasn't a single economic sector that ended the day with a gain.Telecom services (-1.22%) joined with financials to lead the list of losers, but the technology (-0.92%), industrial (-0.99%), and consumer discretionary (-1.04%) sectors were among the more influential loss leaders.Underpinned by the spike in crude prices that was linked to concerns about the growing tension in the Persian Gulf over Iran's capture of 15 British sailors, energy (-0.20%) exhibited some relative strength along with some other traditionally defensive-oriented sectors such as consumer staples (-0.18%) and utilities (-0.09%).Although durable orders for February rose 2.5%, the focal point for economists was the 1.2% drop in nondefense capital goods orders, excluding transportation, which is a proxy for business investment. That decline followed on the heels of a 7.4% decline for January.There weren't a lot of individual stock stories of note. However, Beazer Homes (BZH 28.77, -2.64) is one company that couldn't escape the spotlight as it was reported by Business Week that the home builder is under investigation by several federal agencies for various fraud issues. The company denied the allegations made in the report, but investors were inclined to believe the worst today.DJ30 -96.93 NASDAQ -20.33 SP500 -11.39 NASDAQ Dec/Adv/Vol 2057/957/1.85 bln NYSE Dec/Adv/Vol 2190/1103/1.40 bln

US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)

"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006

WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):

The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

(3-27-07) Stocks drop only modestly relative to reality, with lunatic frauds on wall street relying on b**l s**t alone, Home prices down/worst since '94, defaults up, new home sales unexpectedly down 3.9%.....it�s the weather say the frauds on wall street.....riiiiight!, home inventories up, oil prices up, leading indicators down again, existing home sales unexpectedly up.....right!, even as home inventories up as prices fell, warnings from the tech sector, all no problemo for the frauds on wall street, [fed heads, who�ve been printing worthless dollars like they�re going out of style because they are (so much so that they�ve stopped reporting M3), remove words �additional firming� is excuse for ridiculous mixed close as previously dollar precipitously fell on the news which is catch 22 as same is hyper-inflationary/stagflationary and dollar denominated assets fall in value], home construction unexpectedly up according to government report (riiiiight.....if you believe same.....I don�t) though permits down, lunatic frauds on wall street rally on the news, builder/construction sentiment down again and now below 50% reflecting reality, obfuscating mergers/b.s. to the rescue, �previous CPI (.4), wholesale (1.3 annualized 15.6), and core (.4) inflation rates far exceed expectations as worthless dollar and massive printing thereof and debt come home to roost, unexpected decline on the Philadelphia Fed's manufacturing index/disappointing NY Empire State Index, commissionable ponzi scheme with borrowed (ie., japan, etc.) and suckers� funds continues,� blowout Q1 earnings report from wall street lunatic frauds morgan stanley, goldman sachs (daaaaah!) even as record foreclosure rate and retail sales below expectations, mergers obfuscate dismal picture, retail sales down (they say it�s the weather.....riiiiight.....how about consumer debt at record $2.41 trillion) jobs data from private (as opposed to government) entity below expectations (who would have thunk it!.....riiiiight! But wait; latest government data at expectations and above, revising past data as unemployment rate falls to 4.5%.....and says trade deficit trend changing..... riiiiight!), along with below expectations oil inventories which had spurred oil price rally, while productivity below expectations/wage costs higher and above expectations (very inflationary), no problemo for the lunatic frauds on wall street (what a joke wall street is!) who are maniacal as lunatics suckers short-covering �bear market/higher oil prices/fake economic reports/fed speak rally� (based upon b**l s**t/fake reports even assuming fake growth rate though false, the decline of the fiat currency, the worthless dollar would negate same in real terms) (b.s. contrary to bernanke testimony before congress owing to previous implicit threat of prosecution for false statements)� fueled by b**l s**t alone ridiculously rally into the close to suck the suckers in; ie., as the Dow Jones industrial average down 72, S&P down 8, and NASDAQ down 18, all very commissionable on heavy volume, as in final pre-election result push for bush, which fell very short but has provided the same pump-priming of the market as most recently seen in 1999 which ended quite badly even without the exacerbating effects of huge unsustainable and debilitating debt/deficits deferring/delaying/prolonging the inevitable reality even as entire domestic u.s. industries are rendered what is tantamount to defunct and with corporate welfare unwisely spent (war crimes, etc.). Greenspan Warns of Likely U.S. Recession..... FORECLOSURES AT RECORD PACE, retail sales below expectations. TOP INVESTOR, SOROS' PARTNER, SEES U.S. PROPERTY CRASH 3-16-07 Major Mortgage Lender On Bankruptcy's Doorstep... REIT New Century Financial (NEW 3.21, halted at 0).....Everything is hunky doory says financial propaganda minister/comedian paulson (son of pat paulson?) while Moody�s says at least a 10% correction from fraudulent bubble highs is warranted/appropriate (I believe that to be a modest analytical view). Who would you believe? What do you expect a member of a failed administration to say? What�s changed? Nothing, as the frauds on wall street continue their commissionable ponzi scheme with borrowed (ie., japan, etc.) and suckers� funds.� Real estate experts say the pain/damage will exceed that of prior downturns since the great depression.Bernanke responds to recession prediction with b**l s**t (to his small credit he begrudgingly admits to looming fiscal crisis). Top investor, Soros partner sees property crash: 'You can't believe how bad it's going to get'... Manufacturing activity in u.s. up say fake reports (what, paper/worthless dollars/ securities/packaging for imported goods/parts/components, etc.). �BROKERS AT 'TOP-TIER' FIRMS CHARGED IN INSIDER TRADING SCHEME JUST TIP OF THE ICEBERG. New home sales down 17%.....Durables down over seven percent. Are they going to fudge/falsify the GDP revision? Oil rise on US energy inventory data. Stagflation, fake reports understate fundamental weakness, higher oil prices rally. Housing starts down sharply, as investors, domestic and international, dramatically slow purchase of fiat currency/worthless us/dollar denominated stocks and bonds. Record real estate price slump; industrial production/utilization down. Record home price slump. Retail numbers at best (I don�t believe them for a second) just flat; massive layoffs at Chrysler; more government borrowing to paint false facade. Trade deficit up sharply and new record for all of 2006 - $763 billion (the market last rallied with previous month�s improvement, and rallies with worsening, everything else was typical wall street b**l s**t meaning and based on nothing, ie., m&a, upgrade, etc.). Default rates up again. HSBC Holdings, the world's third largest bank, warned that provisions for bad debt will be some 20% higher than previously thought. SEC launch of insider trading (pervasive on fraudulent wall street) probe just tip of the iceberg. Negative savings rate (highest since great depression), factory output down, home inventories highest since last crash, defaults up, gm and ford sales down 17% and 19%, deficits trade/budget, dollar down and going lower, january jobs data weaker than the consensus estimate and below the average gain of 153,000 per month for all of 2006 and viewed as bearish......but no problemo if you�re a lunatic fraud on wall street. Personal Savings at Lowest Point Since 1933-- Great Depression's low. �Fake economic growth report from the administration. Mergers and acquisitions continue to cloud the picture facilitating the fraud. Having beat fraudulent alice-in-wonderland lunatic world of wall street expectations with Record Loss of $12.7 Billion, the rally in Ford�s stock continues..... riiiiight! Fake numbers also a plus. Ford Posts Record Loss of $12.7 Billion.....stock rallies on the news.....riiiiight! P/E ratios far beyond the mean particularly for this stage in the cycle for selected securities (ie., 80+, etc.). Higher oil prices and fake indicators report spark rally.....riiiiight! Report on leading economic indicators is delayed (very unusual unless you understand the greater complexity in fudging same.....not to worry, fans of frauds on wall street.....the lunatic frauds will also get their churn-and-earn commission dollars on the way down).Fed Chairman Bernanke begins to euphemistically discuss reality on capital hill. PAPER: Condo market in DC, Vegas, Miami and Boston has collapsed... Euro displaces dollar in bond markets...13 charged in Wall Street insider trading ring CNN International Higher oil prices and fake numbers spurs rally. More fake job numbers (at best, hamburger helpers, etc.). Foreclosures Rip Neighborhoods in Denver. Yahoo profit falls 61% but rallies 6% on b**l s**t alone. �Insider-Trading Ring Bust in US Fuels Hedge-Fund Concerns. Jawboning by kohn of print-those-worthless-dollars fed raises market.....riiiiight! The ism services index fell, but that was down from an unexpectedly and fake strong read a month earlier, manufacturing index up slightly to 51.4 (they must be counting hamburgers as manufactured goods in u.s......riiiiight!) but fed knows they�ve been printing worthless dollars like mad which of course is hyperinflationary and will come home to roost, along with huge debt/deficits, trade and budget, Stores Report Disappointing Dec. Sales, Gap Woes Deepen in Bleak Holiday Season. Ford and GM auto sales down 13%. More reports in defiance of reality, oil prices up, Dollar Slides...,every intelligent analyst/economist knows that the new home sales number from the government is a total lie that will be revised downward later, that the options scandals are pervasive in fraudulent america (100 investigations just tip of the iceberg), oil stocks continue to rally on lower oil prices, as previously on pipeline explosion in Nigeria, spill in Gulf, and sanctions for Iran, and sharp FALL in oil prices.....riiiiight!.....predictions of disappointing retail sales even with fire-sale discounted prices,..... Highest increase (2%) in 30 years for the wholesale price index, and as well, the core ppi (1.3%), GDP growth less than expected at 2%, dollar sharply lower, oil prices up, building permits down, all unexpectedly bad but great news in the fraudulent alice-in-wonderland lunatic world of wall street. New Record Quarterly Trade Deficit initially spurred lunatic market rally along with obfuscating but very commissionable merger activity. Core inflation a very unexpected unchanged .....riiiiight!.....spurs superstitious, devoid of reality, santa rally.� Investment Banks Post Record 2006 Profit .....daaaaah! Churning and earning on worthless paper, where is that commission dollar coming from even as america has ceded solvency/leadership in every economic measure. Even at the lofty record numbers the indices are worth roughly half their value based on precipitous fall of the dollar in only 5 years with further downside to go. Superstitious �Santa Claus rally�.....riiiiight! High oil price rally.....riiiiight!� Total� bulls**t ! Retail sales up a very unexpected 1%, riiiiight, at the same time inventories of such goods rising substantially (do you think they�re booking sales to �straw men/companies�.....I do!) and oil inventories down. Fake employment numbers (from the government.....riiiiight!) the impetus for previous b.s. rally despite falling sentiment and uptick in unemployment. The ism services index (financed by unsustainable deficit/debt spending and pushing/commissioning worthless paper) and jawboning/bulls**t from the housing industry (the end is near.....riiiiight!), obfuscating mergers continued to cloud the picture, closely-watched core-PCE deflator had risen a more than expected 0.2%, second sub-50 reading on manufacturing activity in as many sessions-the November ISM index unexpectedly fell to 49.5 (consensus 52.0), Chicago PMI fell to its lowest level (49.9%) in October, and below the 50 level, indicating contraction, crude prices up� (OIL PRICES RISE ABOVE $63 A BARREL...), DOLLAR RESUMES SLIDE, Fed Chairman Bernanke & Co. cheerleading/jawboning/bulls**t, 3.2% decline in new home sales, oil inventories down and oil prices up, oil producers shun the dollar, Russia and Opec shift revenues into euros, yen and sterling..., all very bad news anywhere but in the fraudulent alice-in-wonderland world of wall street. Durable goods orders fell sharply, sentiment down, but supposedly used home sales rose slightly (riiiiight.....who says; the realtors/government who have been talking up this bubble market?) albeit at sharply lower prices. DOLLAR PLUNGES TO NEAR 15-YEAR LOW� In other words, no good news to justify the ridiculous up move by the alice-in-wonderland frauds of wall street. Worthless dollar, triple deficits, stock/options scandals/corruption, as some speculate that fed is behind purchases/manipulation (through proxy) of worthless american paper now being shunned by more rational market players abroad.� MARKETS ROCKED BY LONG OVERDUE BUT STILL MODEST RELATIVE TO REALITY SHARP SLIDE IN DOLLAR...There has never been a time since 1929 when stock prices and p/e ratios were so irrationally high for this point in a bull cycle in this indisputable secular bear market, particularly with the existing unprecedented structural economic problems, ie., trade and budget deficits, worthless dollar, scandals, fraud, corruption , etc.. In fact, unemployment unexpectedly rose substantially and consumer sentiment unexpectedly but similarly realistically fell, both very negative exept in the� fraudulent alice-in-wonderland world of wall street. Indeed, the housing bubble bursting with ie., unexpected 14% decline in starts/permits, etc., led to rally in the fraudulent alice-in-wonderland world of wall street. Obfuscating mergers help preclude detection of this massive and pervasive fraud which defies analysis owing to these mergers. New talking pointing: dell numbers exceed expectations depending upon ongoing government scrutiny of their accounting practices.....riiiiight! More contrived manipulated markets and data well as that previous unexpected rise in that global hub of manufacturing activity, New York (worthless paper is their real product, etc.) �..riiiiight!�.. underpins fraudulent up move. Reassuring Fed speak, also known as b**l s**t, along with IPO�s (get the suckers in at the highs as in late 90�s market bubble), and shrugging off pervasive stock/options fraud as at, ie., KB Homes, etc., leave stocks ridiculously higher. Nations leaving the worthless dollar in droves for currencies backed by value and for precious metals. Based on the self-interested statement of typical fraud american and fed rep, we hear once again the wishful thought that housing has bottomed.....right! [Reality/Truth: US housing slump deepens, spreads]. Home depot rallies despite lower than expected results and lower guidance for the year.....right! Who is stupid enough to believe anything the fraudulent criminal americans say. They are printing worthless dollars like mad. Consumer sentiment actually previously fell and there was nothing but wall street lunacy to prop the fraudulent market. The republicans who lockstepped with war criminal dumbya bush deserved to lose. The frauds on wall street now looking for the new corporate welfare program for which to sell the sizzle ie., stem cells, etc.. The know-nothing pundits are now saying the up move without any rational basis is predicated upon the the falsity that gridlock in washington is welcomed and good because no regulation of, ie., fraud on wall street, etc., can be passed. How about a tax on stock trades to come directly from the traders' (traitors/frauds) bottom lines and provide a disincentive for the churn-and-earn fraud which is tantamount to a wasteful tax on the economy. Even token Christian paulison from jew fraud wall street couldn't stem the tide against the blatent zionist/neocon/bush co failure accross the board as the wall street frauds show record profits financed, albeit indirectly, by huge deficits, both trade and budget. Obfuscating mergers blur the picture to provide cover for up move talking points in defiance of reality.� Stagflation and full employment revisions pre-election.....riiiiight. Productivity comes in at a less than expected 0 (inflationary). The only surprise should have been that the number wasn't negative. The pundits are now saying that the market/wall street fraud is in a state of denial regarding economic fundamentals and that the market is substantially overbought, overvalued, overfrauded, over, etc., the manufacturing index coming in lower than expectations. Consumer sentiment unexpectedly fell.....daaaaah. Pre-election core inflation rate report good �..riiiiight�..but savings rate still negative and walmart sales/profits/outlook substantially below expectations but what the heck, they�re wallstreet lunatics/frauds and reality is no problem. Despite pre-election deficit spending, GNP comes in a less than expected paltry 1.6% increase with worthless falling dollar the catch-22 precluding reality avoidance and the worst yet to come. More nations leaving the worthless dollar as reserve currency even as frauds on wall street reach new highs (What are they smoking? Coking? or like the dollar just cracking) based on corporate welfare flows with money the nation doesn't have pre-election (record deficits). Housing prices continue their sharp decline as bubble deflates. GM only lost 115 million. Ford lost 5.8 billion and must restate earnings back to year 2000 is a bullish sign in the fraudulent alice-in-wonderland lunatic world of wall street. Typical pre-fed meeting rally to provide a cushion for any negative pronouncements which reality would require but are seldom forthcoming by the accommodative frauds who have similarly embraced unreality. Indeed, the gutless wimps of wall street think they're "tough" when they fraudulently take the market higher despite a clearly contrary fact based reality. Caterpillar relates the pervasive reality and the frauds on wallstreet intimidate same with sell off, ignoring pervasive options scandal/fraud and rallies Merck despite lower than expectation results.....riiiiight! Election year corporate welfare to prime the pump and the mock stock market with money the nation doesn�t have (increasing already huge deficits). CPI figures (upon which government inflation adjusted payment obligations are based) lower than expected�..riiiiight! Intel earnings/revenues down sharply but according to the lunatic frauds on wall street, beat expectations and stock rallies along with yahoo which as in the pre-dot com bust days says better days are a coming�.. riiiiight Core inflation rate which is closely watched by the Fed exceeds all expectations. Fraud Merrill Lynch has really been pushing and commissioning that worthless paper and reports record earnings, despite having produced nothing and for very little if any value added (that ill-gotten money has to come from somewhere-your pockets?). The big economic report awaiting scrutiny was the monthly trade deficit which was expected to narrow but in fact INCREASED to 69.9 billion. The alice-in-wonderland lunatic wall street frauds rallied on the news as the dollar precipitously fell. The Fed Chairman said there is a "substantial correction" in housing, which will probably shave about 1% off growth in the second half of the year. The Institute of Supply Management said its services index fell to 52.9 in September -- the lowest level since April 2003. Great News�.. riiiiight!..... Consumer Confidence Higher Than Expected... riiiiight!..... and housing starts were down sharply but not-as-bad-as-expectations game in play US Existing Home Sales Fall 0.5% in August; Sales Price Drops Existing-home prices fall for 1st time in 11 years along with fed jaw-boning pre-election that inflation has been licked .....riiiiight �..despite printing worthless dollars like they�re going out of style because they really are! Fed did nothing and stocks rallied, pre-election.....riiiiight! What about the reality of u.s. debt service at a record unsustainable $2 billion per day on a revolving $2 trillion charge account with ie., China, etc.. The fact that foreclosures are up and that there is projected new trade deficit record, fake government inflation numbers for election year purposes, housing starts down 6% means little to the alice-in-wonderland lunatic frauds of wall street and the so-called pundits including yahoo below. Almost all computerized volume is and must be considered heavy, manipulated, economically wasteful volume [stocks move contrary to rational analytical facts (ie., exceeded lowered expectations, things so bad interest rates can�t rise, exceeded expectations, no earnings but outlook extraordinary, the fed says booo as they print more worthless dollars to finance deficits, etc. ) is money in the bank for the frauds on wall street when they unwind said irrational positions ]. Philadelphia Federal Reserve announces that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, leading economic indicators fall .2%, and previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows with b**l s**t from Yahoo (which didn�t even reference the record unanticipated trade gap):

Wall Street Slides on Economy Worries
AP - Stocks stumbled Tuesday as investors grew wary when new data raised the possibility that the nation's weak housing market would seep into the broader economy and crimp consumer spending.

� Since there is still a risk that a housing crisis will develop and spread to the broader economy, more proof today that it may take longer than anticipated for the housing correction to subside gave anxious investors an excuse to take some money off the table following last week's huge run-up.With the market already showing signs of fatigue and uncertainty over the previous three sessions, discouraging comments from Lennar Corp (LEN 44.53 -0.01) made a market increasingly sensitive to weak data even more nervous about the sustainability of recent gains.Lennar opened down nearly 4% after management withdrew its 2007 earnings guidance and said the typically strong spring selling season has not yet materialized. Lennar also warned that "soft market conditions have been exacerbated by the well-publicized problems in the subprime lending market." It is worth noting that Lennar shares did close well off their highs, but much of that can be attributed to short covering since homebuilders are among the most heavily shorted industry groups in the S&P 500.Further underscoring the troubled state of the U.S. housing market was the S&P/Case-Shiller home-price index, which showed that the price of homes in 20 U.S. metropolitan areas fell in January for the first time in at least six years. Albeit not a well-known survey, a fixation on over every piece of weak data exaggerated its importance.Even though monthly sentiment data don't correlate well with spending in any case, a larger than expected drop in consumer confidence also provided the bears with an excuse to send the bulls into hibernation for the time being. A growing understanding that the upcoming earnings season will be uninspiring, and that guidance may be extremely cautious, also acted as an overhang. The first quarter comes to a close on Friday and there's a strong likelihood that 14 consecutive quarters of double-digit profit growth for the S&P 500 will come to an end, which will restrain the near-term outlook for stocks.Of the eight sectors that closed lower, Materials was the day's biggest laggard. However, that wasn't all that surprising since it's also this year's best performing sector (+10.3%). DuPont (DD 49.81 -1.55), the day's worst performing Dow component, plunged 3.0% after Soleil cut its price target to $48. Newmont Mining (NEM 42.70 -1.03) tumbled 2.1% after being downgraded at HSBC Securities, earmarking Gold as today's biggest disappointment. The absence of leadership from Financials, however, was an even bigger drag on the day's action as more negative commentary about the subprime situation pushed mortgage lenders even lower on the year. The inability of the Health Care sector to benefit whatsoever from its defensive characteristics further underscored the market's difficulties attracting buyers. Managed Health was under pressure after a consumer group urged the Justice Department to block UnitedHealth Group's (UNH 55.95 -0.93) proposed purchase of Sierra Health Services (SIE 41.32 -0.12).Industrials was another weak spot for investors. Ingersoll Rand (IR 43.88 -1.45) was the sector's worst performer (-3.2%) after it was downgraded to Neutral at UBS; but it was the inability among transportation stocks to take advantage of an intraday pullback in oil prices that further echoed the lack of enthusiasm to own economically sensitive equities. BTK +0.4% DJ30 -71.78 DJTA -1.2% DJUA -0.2% DOT -0.2% NASDAQ -18.20 NQ100 -0.7% R2K -0.8% SOX -0.7% SP400 -0.5% SP500 -8.89 XOI +0.1% NASDAQ Dec/Adv/Vol 2015/1019/1.74 bln NYSE Dec/Adv/Vol 2269/998/1.30 bln

There is nothing to rationally justify the previous up move or mixed results in the market other than what is tantamount to a negative, and based upon spurious data from the government; ie., fake government numbers said total PPI rose a smaller than expected 0.1% (consensus 0.4%) in July, which was well below the 0.5% jump in June, while the more closely watched core rate (ex-food and energy) unexpectedly (RIIIIIGHT!) fell 0.3% (consensus +0.2%) -- the first decline since October and the largest drop since a 0.5% decline in April 2003. Home Sales Decline in 28 States, D.C.. Real estate prices down/stagnant. But housing stocks�..up.....riiiiight!.....in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down.� Martin Crutsinger, AP Economics Writer, previously wrote,� U.S. Trade Deficit Falls 0.3 Percent in June to $64.8B, Offsetting Jump in Chinese Imports. Dell Recall Stems From sony Production Flaw� WASHINGTON (AP) -- America's trade deficit showed a slight improvement as strong global growth pushed U.S. exports to a record level. That helped offset a surge in Chinese imports and record crude oil prices. The deficit declined 0.3 percent in June, compared with May, dropping to $64.8 billion, still the fifth largest imbalance on record, the Commerce Department reported Thursday. The deficit is running at an annual rate of $768 billion through the first six months of this year, putting the country on track to see a fifth straight record imbalance. Last year's deficit was $716.7 billion. Prior considerations remain apposite in this clearly overvalued market. The frauds on wall street feel compelled to continue their tradition/superstition/fraud tactic of buying on the rumor and selling on the news (fact) of the Fed�s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money.� Yahoo previously commented: Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance....., to which I responded, Wild..... I�ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported and will now join gm in worker buyouts; but both GM and Ford will now offer built-in ipods which should substantially help their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Analyst says GM good news now behind it (past/discounted), yet stock still rose upon said analysis �..riiiiight�.. daaaaah! Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal, maybe even suspension, that has cast a harsh light on Silicon Valley's compensation practices. Don�t forget that GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland lunatic world of wall street is of course good news. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid (approx.) 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it�s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very commissionable (investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $62; yes, as in the last crash, they will get fooled again� as stocks up sharply in the fraudulent alice-in-wonderland lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the pundits/analysts are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley (who also says that in Europe bush�s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the �better than expectations� game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. Spotlight on the Stock Option Scandal-The share prices of companies involved in stock options backdating have held up well compared to the broader market. But shareholders might be in for a rougher ride. Plus, why the Nasdaq has its hands full. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived pearl harbor effect)/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/ and the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what�s up is down and what�s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they�ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin� to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don�t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)

"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006

WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):

The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

(3-26-07) Suckers bear market rally into the close by lunatic frauds on wall street� based on b**l s**t alone, new home sales unexpectedly down 3.9%.....it�s the weather say the frauds on wall street.....riiiiight!, home inventories up, oil prices up, leading indicators down again, existing home sales unexpectedly up.....right!, even as home inventories up as prices fell, warnings from the tech sector, all no problemo for the frauds on wall street, [fed heads, who�ve been printing worthless dollars like they�re going out of style because they are (so much so that they�ve stopped reporting M3), remove words �additional firming� is excuse for ridiculous mixed close as previously dollar precipitously fell on the news which is catch 22 as same is hyper-inflationary/stagflationary and dollar denominated assets fall in value], home construction unexpectedly up according to government report (riiiiight.....if you believe same.....I don�t) though permits down, lunatic frauds on wall street rally on the news, builder/construction sentiment down again and now below 50% reflecting reality, obfuscating mergers/b.s. to the rescue,� previous CPI (.4), wholesale (1.3 annualized 15.6), and core (.4) inflation rates far exceed expectations as worthless dollar and massive printing thereof and debt come home to roost, unexpected decline on the Philadelphia Fed's manufacturing index/disappointing NY Empire State Index, commissionable ponzi scheme with borrowed (ie., japan, etc.) and suckers� funds continues,� blowout Q1 earnings report from wall street lunatic frauds morgan stanley, goldman sachs (daaaaah!) even as record foreclosure rate and retail sales below expectations, mergers obfuscate dismal picture, retail sales down (they say it�s the weather.....riiiiight.....how about consumer debt at record $2.41 trillion) jobs data from private (as opposed to government) entity below expectations (who would have thunk it!.....riiiiight! But wait; latest government data at expectations and above, revising past data as unemployment rate falls to 4.5%.....and says trade deficit trend changing..... riiiiight!), along with below expectations oil inventories which had spurred oil price rally, while productivity below expectations/wage costs higher and above expectations (very inflationary), no problemo for the lunatic frauds on wall street (what a joke wall street is!) who are maniacal as lunatics suckers short-covering �bear market/higher oil prices/fake economic reports/fed speak rally� (based upon b**l s**t/fake reports even assuming fake growth rate though false, the decline of the fiat currency, the worthless dollar would negate same in real terms) (b.s. contrary to bernanke testimony before congress owing to previous implicit threat of prosecution for false statements)� fueled by b**l s**t alone ridiculously rally into the close to suck the suckers in; ie., as the Dow Jones industrial average down 12, S&P up 1, and NASDAQ up 6, all very commissionable on heavy volume, as in final pre-election result push for bush, which fell very short but has provided the same pump-priming of the market as most recently seen in 1999 which ended quite badly even without the exacerbating effects of huge unsustainable and debilitating debt/deficits deferring/delaying/prolonging the inevitable reality even as entire domestic u.s. industries are rendered what is tantamount to defunct and with corporate welfare unwisely spent (war crimes, etc.). Greenspan Warns of Likely U.S. Recession..... FORECLOSURES AT RECORD PACE, retail sales below expectations. TOP INVESTOR, SOROS' PARTNER, SEES U.S. PROPERTY CRASH 3-16-07 Major Mortgage Lender On Bankruptcy's Doorstep... REIT New Century Financial (NEW 3.21, halted at 0).....Everything is hunky doory says financial propaganda minister/comedian paulson (son of pat paulson?) while Moody�s says at least a 10% correction from fraudulent bubble highs is warranted/appropriate (I believe that to be a modest analytical view). Who would you believe? What do you expect a member of a failed administration to say? What�s changed? Nothing, as the frauds on wall street continue their commissionable ponzi scheme with borrowed (ie., japan, etc.) and suckers� funds.� Real estate experts say the pain/damage will exceed that of prior downturns since the great depression.Bernanke responds to recession prediction with b**l s**t (to his small credit he begrudgingly admits to looming fiscal crisis). Top investor, Soros partner sees property crash: 'You can't believe how bad it's going to get'... Manufacturing activity in u.s. up say fake reports (what, paper/worthless dollars/ securities/packaging for imported goods/parts/components, etc.). �BROKERS AT 'TOP-TIER' FIRMS CHARGED IN INSIDER TRADING SCHEME JUST TIP OF THE ICEBERG. New home sales down 17%.....Durables down over seven percent. Are they going to fudge/falsify the GDP revision? Oil rise on US energy inventory data. Stagflation, fake reports understate fundamental weakness, higher oil prices rally. Housing starts down sharply, as investors, domestic and international, dramatically slow purchase of fiat currency/worthless us/dollar denominated stocks and bonds. Record real estate price slump; industrial production/utilization down. Record home price slump. Retail numbers at best (I don�t believe them for a second) just flat; massive layoffs at Chrysler; more government borrowing to paint false facade. Trade deficit up sharply and new record for all of 2006 - $763 billion (the market last rallied with previous month�s improvement, and rallies with worsening, everything else was typical wall street b**l s**t meaning and based on nothing, ie., m&a, upgrade, etc.). Default rates up again. HSBC Holdings, the world's third largest bank, warned that provisions for bad debt will be some 20% higher than previously thought. SEC launch of insider trading (pervasive on fraudulent wall street) probe just tip of the iceberg. Negative savings rate (highest since great depression), factory output down, home inventories highest since last crash, defaults up, gm and ford sales down 17% and 19%, deficits trade/budget, dollar down and going lower, january jobs data weaker than the consensus estimate and below the average gain of 153,000 per month for all of 2006 and viewed as bearish......but no problemo if you�re a lunatic fraud on wall street. Personal Savings at Lowest Point Since 1933-- Great Depression's low. �Fake economic growth report from the administration. Mergers and acquisitions continue to cloud the picture facilitating the fraud. Having beat fraudulent alice-in-wonderland lunatic world of wall street expectations with Record Loss of $12.7 Billion, the rally in Ford�s stock continues..... riiiiight! Fake numbers also a plus. Ford Posts Record Loss of $12.7 Billion.....stock rallies on the news.....riiiiight! P/E ratios far beyond the mean particularly for this stage in the cycle for selected securities (ie., 80+, etc.). Higher oil prices and fake indicators report spark rally.....riiiiight! Report on leading economic indicators is delayed (very unusual unless you understand the greater complexity in fudging same.....not to worry, fans of frauds on wall street.....the lunatic frauds will also get their churn-and-earn commission dollars on the way down).Fed Chairman Bernanke begins to euphemistically discuss reality on capital hill. PAPER: Condo market in DC, Vegas, Miami and Boston has collapsed... Euro displaces dollar in bond markets...13 charged in Wall Street insider trading ring CNN International Higher oil prices and fake numbers spurs rally. More fake job numbers (at best, hamburger helpers, etc.). Foreclosures Rip Neighborhoods in Denver. Yahoo profit falls 61% but rallies 6% on b**l s**t alone. �Insider-Trading Ring Bust in US Fuels Hedge-Fund Concerns. Jawboning by kohn of print-those-worthless-dollars fed raises market.....riiiiight! The ism services index fell, but that was down from an unexpectedly and fake strong read a month earlier, manufacturing index up slightly to 51.4 (they must be counting hamburgers as manufactured goods in u.s......riiiiight!) but fed knows they�ve been printing worthless dollars like mad which of course is hyperinflationary and will come home to roost, along with huge debt/deficits, trade and budget, Stores Report Disappointing Dec. Sales, Gap Woes Deepen in Bleak Holiday Season. Ford and GM auto sales down 13%. More reports in defiance of reality, oil prices up, Dollar Slides...,every intelligent analyst/economist knows that the new home sales number from the government is a total lie that will be revised downward later, that the options scandals are pervasive in fraudulent america (100 investigations just tip of the iceberg), oil stocks continue to rally on lower oil prices, as previously on pipeline explosion in Nigeria, spill in Gulf, and sanctions for Iran, and sharp FALL in oil prices.....riiiiight!.....predictions of disappointing retail sales even with fire-sale discounted prices,..... Highest increase (2%) in 30 years for the wholesale price index, and as well, the core ppi (1.3%), GDP growth less than expected at 2%, dollar sharply lower, oil prices up, building permits down, all unexpectedly bad but great news in the fraudulent alice-in-wonderland lunatic world of wall street. New Record Quarterly Trade Deficit initially spurred lunatic market rally along with obfuscating but very commissionable merger activity. Core inflation a very unexpected unchanged .....riiiiight!.....spurs superstitious, devoid of reality, santa rally.� Investment Banks Post Record 2006 Profit .....daaaaah! Churning and earning on worthless paper, where is that commission dollar coming from even as america has ceded solvency/leadership in every economic measure. Even at the lofty record numbers the indices are worth roughly half their value based on precipitous fall of the dollar in only 5 years with further downside to go. Superstitious �Santa Claus rally�.....riiiiight! High oil price rally.....riiiiight!� Total� bulls**t ! Retail sales up a very unexpected 1%, riiiiight, at the same time inventories of such goods rising substantially (do you think they�re booking sales to �straw men/companies�.....I do!) and oil inventories down. Fake employment numbers (from the government.....riiiiight!) the impetus for previous b.s. rally despite falling sentiment and uptick in unemployment. The ism services index (financed by unsustainable deficit/debt spending and pushing/commissioning worthless paper) and jawboning/bulls**t from the housing industry (the end is near.....riiiiight!), obfuscating mergers continued to cloud the picture, closely-watched core-PCE deflator had risen a more than expected 0.2%, second sub-50 reading on manufacturing activity in as many sessions-the November ISM index unexpectedly fell to 49.5 (consensus 52.0), Chicago PMI fell to its lowest level (49.9%) in October, and below the 50 level, indicating contraction, crude prices up� (OIL PRICES RISE ABOVE $63 A BARREL...), DOLLAR RESUMES SLIDE, Fed Chairman Bernanke & Co. cheerleading/jawboning/bulls**t, 3.2% decline in new home sales, oil inventories down and oil prices up, oil producers shun the dollar, Russia and Opec shift revenues into euros, yen and sterling..., all very bad news anywhere but in the fraudulent alice-in-wonderland world of wall street. Durable goods orders fell sharply, sentiment down, but supposedly used home sales rose slightly (riiiiight.....who says; the realtors/government who have been talking up this bubble market?) albeit at sharply lower prices. DOLLAR PLUNGES TO NEAR 15-YEAR LOW� In other words, no good news to justify the ridiculous up move by the alice-in-wonderland frauds of wall street. Worthless dollar, triple deficits, stock/options scandals/corruption, as some speculate that fed is behind purchases/manipulation (through proxy) of worthless american paper now being shunned by more rational market players abroad.� MARKETS ROCKED BY LONG OVERDUE BUT STILL MODEST RELATIVE TO REALITY SHARP SLIDE IN DOLLAR...There has never been a time since 1929 when stock prices and p/e ratios were so irrationally high for this point in a bull cycle in this indisputable secular bear market, particularly with the existing unprecedented structural economic problems, ie., trade and budget deficits, worthless dollar, scandals, fraud, corruption , etc.. In fact, unemployment unexpectedly rose substantially and consumer sentiment unexpectedly but similarly realistically fell, both very negative exept in the� fraudulent alice-in-wonderland world of wall street. Indeed, the housing bubble bursting with ie., unexpected 14% decline in starts/permits, etc., led to rally in the fraudulent alice-in-wonderland world of wall street. Obfuscating mergers help preclude detection of this massive and pervasive fraud which defies analysis owing to these mergers. New talking pointing: dell numbers exceed expectations depending upon ongoing government scrutiny of their accounting practices.....riiiiight! More contrived manipulated markets and data well as that previous unexpected rise in that global hub of manufacturing activity, New York (worthless paper is their real product, etc.) �..riiiiight!�.. underpins fraudulent up move. Reassuring Fed speak, also known as b**l s**t, along with IPO�s (get the suckers in at the highs as in late 90�s market bubble), and shrugging off pervasive stock/options fraud as at, ie., KB Homes, etc., leave stocks ridiculously higher. Nations leaving the worthless dollar in droves for currencies backed by value and for precious metals. Based on the self-interested statement of typical fraud american and fed rep, we hear once again the wishful thought that housing has bottomed.....right! [Reality/Truth: US housing slump deepens, spreads]. Home depot rallies despite lower than expected results and lower guidance for the year.....right! Who is stupid enough to believe anything the fraudulent criminal americans say. They are printing worthless dollars like mad. Consumer sentiment actually previously fell and there was nothing but wall street lunacy to prop the fraudulent market. The republicans who lockstepped with war criminal dumbya bush deserved to lose. The frauds on wall street now looking for the new corporate welfare program for which to sell the sizzle ie., stem cells, etc.. The know-nothing pundits are now saying the up move without any rational basis is predicated upon the the falsity that gridlock in washington is welcomed and good because no regulation of, ie., fraud on wall street, etc., can be passed. How about a tax on stock trades to come directly from the traders' (traitors/frauds) bottom lines and provide a disincentive for the churn-and-earn fraud which is tantamount to a wasteful tax on the economy. Even token Christian paulison from jew fraud wall street couldn't stem the tide against the blatent zionist/neocon/bush co failure accross the board as the wall street frauds show record profits financed, albeit indirectly, by huge deficits, both trade and budget. Obfuscating mergers blur the picture to provide cover for up move talking points in defiance of reality.� Stagflation and full employment revisions pre-election.....riiiiight. Productivity comes in at a less than expected 0 (inflationary). The only surprise should have been that the number wasn't negative. The pundits are now saying that the market/wall street fraud is in a state of denial regarding economic fundamentals and that the market is substantially overbought, overvalued, overfrauded, over, etc., the manufacturing index coming in lower than expectations. Consumer sentiment unexpectedly fell.....daaaaah. Pre-election core inflation rate report good �..riiiiight�..but savings rate still negative and walmart sales/profits/outlook substantially below expectations but what the heck, they�re wallstreet lunatics/frauds and reality is no problem. Despite pre-election deficit spending, GNP comes in a less than expected paltry 1.6% increase with worthless falling dollar the catch-22 precluding reality avoidance and the worst yet to come. More nations leaving the worthless dollar as reserve currency even as frauds on wall street reach new highs (What are they smoking? Coking? or like the dollar just cracking) based on corporate welfare flows with money the nation doesn't have pre-election (record deficits). Housing prices continue their sharp decline as bubble deflates. GM only lost 115 million. Ford lost 5.8 billion and must restate earnings back to year 2000 is a bullish sign in the fraudulent alice-in-wonderland lunatic world of wall street. Typical pre-fed meeting rally to provide a cushion for any negative pronouncements which reality would require but are seldom forthcoming by the accommodative frauds who have similarly embraced unreality. Indeed, the gutless wimps of wall street think they're "tough" when they fraudulently take the market higher despite a clearly contrary fact based reality. Caterpillar relates the pervasive reality and the frauds on wallstreet intimidate same with sell off, ignoring pervasive options scandal/fraud and rallies Merck despite lower than expectation results.....riiiiight! Election year corporate welfare to prime the pump and the mock stock market with money the nation doesn�t have (increasing already huge deficits). CPI figures (upon which government inflation adjusted payment obligations are based) lower than expected�..riiiiight! Intel earnings/revenues down sharply but according to the lunatic frauds on wall street, beat expectations and stock rallies along with yahoo which as in the pre-dot com bust days says better days are a coming�.. riiiiight Core inflation rate which is closely watched by the Fed exceeds all expectations. Fraud Merrill Lynch has really been pushing and commissioning that worthless paper and reports record earnings, despite having produced nothing and for very little if any value added (that ill-gotten money has to come from somewhere-your pockets?). The big economic report awaiting scrutiny was the monthly trade deficit which was expected to narrow but in fact INCREASED to 69.9 billion. The alice-in-wonderland lunatic wall street frauds rallied on the news as the dollar precipitously fell. The Fed Chairman said there is a "substantial correction" in housing, which will probably shave about 1% off growth in the second half of the year. The Institute of Supply Management said its services index fell to 52.9 in September -- the lowest level since April 2003. Great News�.. riiiiight!..... Consumer Confidence Higher Than Expected... riiiiight!..... and housing starts were down sharply but not-as-bad-as-expectations game in play US Existing Home Sales Fall 0.5% in August; Sales Price Drops Existing-home prices fall for 1st time in 11 years along with fed jaw-boning pre-election that inflation has been licked .....riiiiight �..despite printing worthless dollars like they�re going out of style because they really are! Fed did nothing and stocks rallied, pre-election.....riiiiight! What about the reality of u.s. debt service at a record unsustainable $2 billion per day on a revolving $2 trillion charge account with ie., China, etc.. The fact that foreclosures are up and that there is projected new trade deficit record, fake government inflation numbers for election year purposes, housing starts down 6% means little to the alice-in-wonderland lunatic frauds of wall street and the so-called pundits including yahoo below. Almost all computerized volume is and must be considered heavy, manipulated, economically wasteful volume [stocks move contrary to rational analytical facts (ie., exceeded lowered expectations, things so bad interest rates can�t rise, exceeded expectations, no earnings but outlook extraordinary, the fed says booo as they print more worthless dollars to finance deficits, etc. ) is money in the bank for the frauds on wall street when they unwind said irrational positions ]. Philadelphia Federal Reserve announces that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, leading economic indicators fall .2%, and previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows with b**l s**t from Yahoo (which didn�t even reference the record unanticipated trade gap):

Wal-Mart Increases Charitable Donations
AP - Wal-Mart Stores Inc. increased its U.S. charitable giving 10 percent last year to $272.9 million, the world's largest retailer said Tuesday, likely defending its position as the country's largest corporate donor of cash.

� With the S&P 500 fresh off its best weekly percentage gain (+3.5%) in four years and the Dow logging its fifth straight advance, it wasn't surprising to see the stock market take a bit of a breather Monday.As expected, today's housing report was the catalyst that set the tone for trading. To the dismay of the bulls, however, a surprise 3.9% drop in new home sales rocked a market that had been pricing in more signs of stabilization within the troubled housing market.At 10:00 ET, the Commerce Dept. showed that new home sales unexpectedly fell in February to the lowest level in nearly seven years. More troubling was the fact that inventories rose to the highest level in 16 years. Even though the data do not mean that the housing market is crashing and will pull the overall economy into recession, the broader perspective showed that housing is still in a correction and will remain a moderate drag on real GDP for several more quarters.Not surprising, Homebuilders (-1.8%), this year's biggest disappointment (-16.5%), ranked among today's worst performing S&P industry groups. However, new signs of weakness in the troubled housing sector exacerbated ongoing concerns of further impairment charges among mortgage lenders. That, in turn, left investors wondering if Financials is likely to see some downward earnings revisions over the next couple of weeks as the Q1 earnings season gets underway.Crude oil prices eclipsing $63/bbl for the first time this year amid potential supply disruptions after the U.N. tightened sanctions against Iran also weighed on sentiment throughout the session. Eventually the Energy sector took notice and helped to offset the adverse effect oil's uptick had on transportation stocks, especially Railroads (-2.0%). Industrials ranked second among the five sectors closing lower while a late-day tech rally provided enough of a boost to close the major averages mixed.Internet Software & Services was one of the day's top ten performers as eBay (EBAY 33.28 +1.45) got a big boost after Goldman Sachs raised their Q1 revenue and earnings estimates. Computer Hardware was another bright spot for tech as Dell (DELL 23.62 +0.79) surged 3.5% after Goldman upgraded the stock to a Buy while Apple (AAPL 95.90 +2.38) climbed 2.5% after a favorable mention in Barron's. BTK -0.2% DJ30 -11.94 DJTA -1.3% DJUA +0.7% DOT +0.4% NASDAQ +6.70 NQ100 +0.5% R2K -0.1% SOX -0.1% SP400 -0.1% SP500 +1.39 XOI +0.8% NASDAQ Dec/Adv/Vol 1666/1397/1.66 bln NYSE Dec/Adv/Vol 1730/1513/1.33 bln

There is nothing to rationally justify the previous up move or mixed results in the market other than what is tantamount to a negative, and based upon spurious data from the government; ie., fake government numbers said total PPI rose a smaller than expected 0.1% (consensus 0.4%) in July, which was well below the 0.5% jump in June, while the more closely watched core rate (ex-food and energy) unexpectedly (RIIIIIGHT!) fell 0.3% (consensus +0.2%) -- the first decline since October and the largest drop since a 0.5% decline in April 2003. Home Sales Decline in 28 States, D.C.. Real estate prices down/stagnant. But housing stocks�..up.....riiiiight!.....in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down.� Martin Crutsinger, AP Economics Writer, previously wrote,� U.S. Trade Deficit Falls 0.3 Percent in June to $64.8B, Offsetting Jump in Chinese Imports. Dell Recall Stems From sony Production Flaw� WASHINGTON (AP) -- America's trade deficit showed a slight improvement as strong global growth pushed U.S. exports to a record level. That helped offset a surge in Chinese imports and record crude oil prices. The deficit declined 0.3 percent in June, compared with May, dropping to $64.8 billion, still the fifth largest imbalance on record, the Commerce Department reported Thursday. The deficit is running at an annual rate of $768 billion through the first six months of this year, putting the country on track to see a fifth straight record imbalance. Last year's deficit was $716.7 billion. Prior considerations remain apposite in this clearly overvalued market. The frauds on wall street feel compelled to continue their tradition/superstition/fraud tactic of buying on the rumor and selling on the news (fact) of the Fed�s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money.� Yahoo previously commented: Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance....., to which I responded, Wild..... I�ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported and will now join gm in worker buyouts; but both GM and Ford will now offer built-in ipods which should substantially help their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Analyst says GM good news now behind it (past/discounted), yet stock still rose upon said analysis �..riiiiight�.. daaaaah! Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal, maybe even suspension, that has cast a harsh light on Silicon Valley's compensation practices. Don�t forget that GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland lunatic world of wall street is of course good news. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid (approx.) 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it�s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very commissionable (investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $62; yes, as in the last crash, they will get fooled again� as stocks up sharply in the fraudulent alice-in-wonderland lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the pundits/analysts are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley (who also says that in Europe bush�s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the �better than expectations� game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. Spotlight on the Stock Option Scandal-The share prices of companies involved in stock options backdating have held up well compared to the broader market. But shareholders might be in for a rougher ride. Plus, why the Nasdaq has its hands full. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived pearl harbor effect)/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/ and the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what�s up is down and what�s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they�ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin� to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don�t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)

"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006

WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):

The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

(3-23-07) Suckers bear market rally by lunatic frauds on wall street continues based on b**l s**t alone, oil prices up, leading indicators down again, existing home sales unexpectedly up.....right!, even as home inventories up as prices fell, warnings from the tech sector, all no problemo for the frauds on wall street, [fed heads, who�ve been printing worthless dollars like they�re going out of style because they are (so much so that they�ve stopped reporting M3), remove words �additional firming� is excuse for ridiculous mixed close as previously dollar precipitously fell on the news which is catch 22 as same is hyper-inflationary/stagflationary and dollar denominated assets fall in value], home construction unexpectedly up according to government report (riiiiight.....if you believe same.....I don�t) though permits down, lunatic frauds on wall street rally on the news, builder/construction sentiment down again and now below 50% reflecting reality, obfuscating mergers/b.s. to the rescue,� previous CPI (.4), wholesale (1.3 annualized 15.6), and core (.4) inflation rates far exceed expectations as worthless dollar and massive printing thereof and debt come home to roost, unexpected decline on the Philadelphia Fed's manufacturing index/disappointing NY Empire State Index, commissionable ponzi scheme with borrowed (ie., japan, etc.) and suckers� funds continues,� blowout Q1 earnings report from wall street lunatic frauds morgan stanley, goldman sachs (daaaaah!) even as record foreclosure rate and retail sales below expectations, mergers obfuscate dismal picture, retail sales down (they say it�s the weather.....riiiiight.....how about consumer debt at record $2.41 trillion) jobs data from private (as opposed to government) entity below expectations (who would have thunk it!.....riiiiight! But wait; latest government data at expectations and above, revising past data as unemployment rate falls to 4.5%.....and says trade deficit trend changing..... riiiiight!), along with below expectations oil inventories which had spurred oil price rally, while productivity below expectations/wage costs higher and above expectations (very inflationary), no problemo for the lunatic frauds on wall street (what a joke wall street is!) who are maniacal as lunatics suckers short-covering �bear market/higher oil prices/fake economic reports/fed speak rally� (based upon b**l s**t/fake reports even assuming fake growth rate though false, the decline of the fiat currency, the worthless dollar would negate same in real terms) (b.s. contrary to bernanke testimony before congress owing to previous implicit threat of prosecution for false statements)� fueled by b**l s**t alone ridiculously rally into the close to suck the suckers in; ie., as the Dow Jones industrial average up 19.87, S&P up 1.56, and NASDAQ down 2.81, all very commissionable on heavy volume, as in final pre-election result push for bush, which fell very short but has provided the same pump-priming of the market as most recently seen in 1999 which ended quite badly even without the exacerbating effects of huge unsustainable and debilitating debt/deficits deferring/delaying/prolonging the inevitable reality even as entire domestic u.s. industries are rendered what is tantamount to defunct and with corporate welfare unwisely spent (war crimes, etc.). Greenspan Warns of Likely U.S. Recession..... FORECLOSURES AT RECORD PACE, retail sales below expectations. TOP INVESTOR, SOROS' PARTNER, SEES U.S. PROPERTY CRASH 3-16-07 Major Mortgage Lender On Bankruptcy's Doorstep... REIT New Century Financial (NEW 3.21, halted at 0).....Everything is hunky doory says financial propaganda minister/comedian paulson (son of pat paulson?) while Moody�s says at least a 10% correction from fraudulent bubble highs is warranted/appropriate (I believe that to be a modest analytical view). Who would you believe? What do you expect a member of a failed administration to say? What�s changed? Nothing, as the frauds on wall street continue their commissionable ponzi scheme with borrowed (ie., japan, etc.) and suckers� funds.� Real estate experts say the pain/damage will exceed that of prior downturns since the great depression.Bernanke responds to recession prediction with b**l s**t (to his small credit he begrudgingly admits to looming fiscal crisis). Top investor, Soros partner sees property crash: 'You can't believe how bad it's going to get'... Manufacturing activity in u.s. up say fake reports (what, paper/worthless dollars/ securities/packaging for imported goods/parts/components, etc.). �BROKERS AT 'TOP-TIER' FIRMS CHARGED IN INSIDER TRADING SCHEME JUST TIP OF THE ICEBERG. New home sales down 17%.....Durables down over seven percent. Are they going to fudge/falsify the GDP revision? Oil rise on US energy inventory data. Stagflation, fake reports understate fundamental weakness, higher oil prices rally. Housing starts down sharply, as investors, domestic and international, dramatically slow purchase of fiat currency/worthless us/dollar denominated stocks and bonds. Record real estate price slump; industrial production/utilization down. Record home price slump. Retail numbers at best (I don�t believe them for a second) just flat; massive layoffs at Chrysler; more government borrowing to paint false facade. Trade deficit up sharply and new record for all of 2006 - $763 billion (the market last rallied with previous month�s improvement, and rallies with worsening, everything else was typical wall street b**l s**t meaning and based on nothing, ie., m&a, upgrade, etc.). Default rates up again. HSBC Holdings, the world's third largest bank, warned that provisions for bad debt will be some 20% higher than previously thought. SEC launch of insider trading (pervasive on fraudulent wall street) probe just tip of the iceberg. Negative savings rate (highest since great depression), factory output down, home inventories highest since last crash, defaults up, gm and ford sales down 17% and 19%, deficits trade/budget, dollar down and going lower, january jobs data weaker than the consensus estimate and below the average gain of 153,000 per month for all of 2006 and viewed as bearish......but no problemo if you�re a lunatic fraud on wall street. Personal Savings at Lowest Point Since 1933-- Great Depression's low. �Fake economic growth report from the administration. Mergers and acquisitions continue to cloud the picture facilitating the fraud. Having beat fraudulent alice-in-wonderland lunatic world of wall street expectations with Record Loss of $12.7 Billion, the rally in Ford�s stock continues..... riiiiight! Fake numbers also a plus. Ford Posts Record Loss of $12.7 Billion.....stock rallies on the news.....riiiiight! P/E ratios far beyond the mean particularly for this stage in the cycle for selected securities (ie., 80+, etc.). Higher oil prices and fake indicators report spark rally.....riiiiight! Report on leading economic indicators is delayed (very unusual unless you understand the greater complexity in fudging same.....not to worry, fans of frauds on wall street.....the lunatic frauds will also get their churn-and-earn commission dollars on the way down).Fed Chairman Bernanke begins to euphemistically discuss reality on capital hill. PAPER: Condo market in DC, Vegas, Miami and Boston has collapsed... Euro displaces dollar in bond markets...13 charged in Wall Street insider trading ring CNN International Higher oil prices and fake numbers spurs rally. More fake job numbers (at best, hamburger helpers, etc.). Foreclosures Rip Neighborhoods in Denver. Yahoo profit falls 61% but rallies 6% on b**l s**t alone. �Insider-Trading Ring Bust in US Fuels Hedge-Fund Concerns. Jawboning by kohn of print-those-worthless-dollars fed raises market.....riiiiight! The ism services index fell, but that was down from an unexpectedly and fake strong read a month earlier, manufacturing index up slightly to 51.4 (they must be counting hamburgers as manufactured goods in u.s......riiiiight!) but fed knows they�ve been printing worthless dollars like mad which of course is hyperinflationary and will come home to roost, along with huge debt/deficits, trade and budget, Stores Report Disappointing Dec. Sales, Gap Woes Deepen in Bleak Holiday Season. Ford and GM auto sales down 13%. More reports in defiance of reality, oil prices up, Dollar Slides...,every intelligent analyst/economist knows that the new home sales number from the government is a total lie that will be revised downward later, that the options scandals are pervasive in fraudulent america (100 investigations just tip of the iceberg), oil stocks continue to rally on lower oil prices, as previously on pipeline explosion in Nigeria, spill in Gulf, and sanctions for Iran, and sharp FALL in oil prices.....riiiiight!.....predictions of disappointing retail sales even with fire-sale discounted prices,..... Highest increase (2%) in 30 years for the wholesale price index, and as well, the core ppi (1.3%), GDP growth less than expected at 2%, dollar sharply lower, oil prices up, building permits down, all unexpectedly bad but great news in the fraudulent alice-in-wonderland lunatic world of wall street. New Record Quarterly Trade Deficit initially spurred lunatic market rally along with obfuscating but very commissionable merger activity. Core inflation a very unexpected unchanged .....riiiiight!.....spurs superstitious, devoid of reality, santa rally.� Investment Banks Post Record 2006 Profit .....daaaaah! Churning and earning on worthless paper, where is that commission dollar coming from even as america has ceded solvency/leadership in every economic measure. Even at the lofty record numbers the indices are worth roughly half their value based on precipitous fall of the dollar in only 5 years with further downside to go. Superstitious �Santa Claus rally�.....riiiiight! High oil price rally.....riiiiight!� Total� bulls**t ! Retail sales up a very unexpected 1%, riiiiight, at the same time inventories of such goods rising substantially (do you think they�re booking sales to �straw men/companies�.....I do!) and oil inventories down. Fake employment numbers (from the government.....riiiiight!) the impetus for previous b.s. rally despite falling sentiment and uptick in unemployment. The ism services index (financed by unsustainable deficit/debt spending and pushing/commissioning worthless paper) and jawboning/bulls**t from the housing industry (the end is near.....riiiiight!), obfuscating mergers continued to cloud the picture, closely-watched core-PCE deflator had risen a more than expected 0.2%, second sub-50 reading on manufacturing activity in as many sessions-the November ISM index unexpectedly fell to 49.5 (consensus 52.0), Chicago PMI fell to its lowest level (49.9%) in October, and below the 50 level, indicating contraction, crude prices up� (OIL PRICES RISE ABOVE $63 A BARREL...), DOLLAR RESUMES SLIDE, Fed Chairman Bernanke & Co. cheerleading/jawboning/bulls**t, 3.2% decline in new home sales, oil inventories down and oil prices up, oil producers shun the dollar, Russia and Opec shift revenues into euros, yen and sterling..., all very bad news anywhere but in the fraudulent alice-in-wonderland world of wall street. Durable goods orders fell sharply, sentiment down, but supposedly used home sales rose slightly (riiiiight.....who says; the realtors/government who have been talking up this bubble market?) albeit at sharply lower prices. DOLLAR PLUNGES TO NEAR 15-YEAR LOW� In other words, no good news to justify the ridiculous up move by the alice-in-wonderland frauds of wall street. Worthless dollar, triple deficits, stock/options scandals/corruption, as some speculate that fed is behind purchases/manipulation (through proxy) of worthless american paper now being shunned by more rational market players abroad.� MARKETS ROCKED BY LONG OVERDUE BUT STILL MODEST RELATIVE TO REALITY SHARP SLIDE IN DOLLAR...There has never been a time since 1929 when stock prices and p/e ratios were so irrationally high for this point in a bull cycle in this indisputable secular bear market, particularly with the existing unprecedented structural economic problems, ie., trade and budget deficits, worthless dollar, scandals, fraud, corruption , etc.. In fact, unemployment unexpectedly rose substantially and consumer sentiment unexpectedly but similarly realistically fell, both very negative exept in the� fraudulent alice-in-wonderland world of wall street. Indeed, the housing bubble bursting with ie., unexpected 14% decline in starts/permits, etc., led to rally in the fraudulent alice-in-wonderland world of wall street. Obfuscating mergers help preclude detection of this massive and pervasive fraud which defies analysis owing to these mergers. New talking pointing: dell numbers exceed expectations depending upon ongoing government scrutiny of their accounting practices.....riiiiight! More contrived manipulated markets and data well as that previous unexpected rise in that global hub of manufacturing activity, New York (worthless paper is their real product, etc.) �..riiiiight!�.. underpins fraudulent up move. Reassuring Fed speak, also known as b**l s**t, along with IPO�s (get the suckers in at the highs as in late 90�s market bubble), and shrugging off pervasive stock/options fraud as at, ie., KB Homes, etc., leave stocks ridiculously higher. Nations leaving the worthless dollar in droves for currencies backed by value and for precious metals. Based on the self-interested statement of typical fraud american and fed rep, we hear once again the wishful thought that housing has bottomed.....right! [Reality/Truth: US housing slump deepens, spreads]. Home depot rallies despite lower than expected results and lower guidance for the year.....right! Who is stupid enough to believe anything the fraudulent criminal americans say. They are printing worthless dollars like mad. Consumer sentiment actually previously fell and there was nothing but wall street lunacy to prop the fraudulent market. The republicans who lockstepped with war criminal dumbya bush deserved to lose. The frauds on wall street now looking for the new corporate welfare program for which to sell the sizzle ie., stem cells, etc.. The know-nothing pundits are now saying the up move without any rational basis is predicated upon the the falsity that gridlock in washington is welcomed and good because no regulation of, ie., fraud on wall street, etc., can be passed. How about a tax on stock trades to come directly from the traders' (traitors/frauds) bottom lines and provide a disincentive for the churn-and-earn fraud which is tantamount to a wasteful tax on the economy. Even token Christian paulison from jew fraud wall street couldn't stem the tide against the blatent zionist/neocon/bush co failure accross the board as the wall street frauds show record profits financed, albeit indirectly, by huge deficits, both trade and budget. Obfuscating mergers blur the picture to provide cover for up move talking points in defiance of reality.� Stagflation and full employment revisions pre-election.....riiiiight. Productivity comes in at a less than expected 0 (inflationary). The only surprise should have been that the number wasn't negative. The pundits are now saying that the market/wall street fraud is in a state of denial regarding economic fundamentals and that the market is substantially overbought, overvalued, overfrauded, over, etc., the manufacturing index coming in lower than expectations. Consumer sentiment unexpectedly fell.....daaaaah. Pre-election core inflation rate report good �..riiiiight�..but savings rate still negative and walmart sales/profits/outlook substantially below expectations but what the heck, they�re wallstreet lunatics/frauds and reality is no problem. Despite pre-election deficit spending, GNP comes in a less than expected paltry 1.6% increase with worthless falling dollar the catch-22 precluding reality avoidance and the worst yet to come. More nations leaving the worthless dollar as reserve currency even as frauds on wall street reach new highs (What are they smoking? Coking? or like the dollar just cracking) based on corporate welfare flows with money the nation doesn't have pre-election (record deficits). Housing prices continue their sharp decline as bubble deflates. GM only lost 115 million. Ford lost 5.8 billion and must restate earnings back to year 2000 is a bullish sign in the fraudulent alice-in-wonderland lunatic world of wall street. Typical pre-fed meeting rally to provide a cushion for any negative pronouncements which reality would require but are seldom forthcoming by the accommodative frauds who have similarly embraced unreality. Indeed, the gutless wimps of wall street think they're "tough" when they fraudulently take the market higher despite a clearly contrary fact based reality. Caterpillar relates the pervasive reality and the frauds on wallstreet intimidate same with sell off, ignoring pervasive options scandal/fraud and rallies Merck despite lower than expectation results.....riiiiight! Election year corporate welfare to prime the pump and the mock stock market with money the nation doesn�t have (increasing already huge deficits). CPI figures (upon which government inflation adjusted payment obligations are based) lower than expected�..riiiiight! Intel earnings/revenues down sharply but according to the lunatic frauds on wall street, beat expectations and stock rallies along with yahoo which as in the pre-dot com bust days says better days are a coming�.. riiiiight Core inflation rate which is closely watched by the Fed exceeds all expectations. Fraud Merrill Lynch has really been pushing and commissioning that worthless paper and reports record earnings, despite having produced nothing and for very little if any value added (that ill-gotten money has to come from somewhere-your pockets?). The big economic report awaiting scrutiny was the monthly trade deficit which was expected to narrow but in fact INCREASED to 69.9 billion. The alice-in-wonderland lunatic wall street frauds rallied on the news as the dollar precipitously fell. The Fed Chairman said there is a "substantial correction" in housing, which will probably shave about 1% off growth in the second half of the year. The Institute of Supply Management said its services index fell to 52.9 in September -- the lowest level since April 2003. Great News�.. riiiiight!..... Consumer Confidence Higher Than Expected... riiiiight!..... and housing starts were down sharply but not-as-bad-as-expectations game in play US Existing Home Sales Fall 0.5% in August; Sales Price Drops Existing-home prices fall for 1st time in 11 years along with fed jaw-boning pre-election that inflation has been licked .....riiiiight �..despite printing worthless dollars like they�re going out of style because they really are! Fed did nothing and stocks rallied, pre-election.....riiiiight! What about the reality of u.s. debt service at a record unsustainable $2 billion per day on a revolving $2 trillion charge account with ie., China, etc.. The fact that foreclosures are up and that there is projected new trade deficit record, fake government inflation numbers for election year purposes, housing starts down 6% means little to the alice-in-wonderland lunatic frauds of wall street and the so-called pundits including yahoo below. Almost all computerized volume is and must be considered heavy, manipulated, economically wasteful volume [stocks move contrary to rational analytical facts (ie., exceeded lowered expectations, things so bad interest rates can�t rise, exceeded expectations, no earnings but outlook extraordinary, the fed says booo as they print more worthless dollars to finance deficits, etc. ) is money in the bank for the frauds on wall street when they unwind said irrational positions ]. Philadelphia Federal Reserve announces that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, leading economic indicators fall .2%, and previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows with b**l s**t from Yahoo (which didn�t even reference the record unanticipated trade gap):

Rat Poison Found in Tainted Pet Food
AP - Rat poison was found in pet food blamed for the deaths of at least 16 cats and dogs, but scientists said Friday they still don't know how it got there and predicted more animal deaths would be linked to it.

� For a second straight day, stocks looked rather lethargic as investors again lacked significant data needed to more convincingly support a week of sizable gains.For the week, the S&P 500 surged 3.5%, logging its best performance in four years, while the Nasdaq turned in a similar performance. However, their minimal gains Friday suggests the sustainability of such a rally, predicated largely on revised Fed language that didn't indicate any imminent rate cut no less, will come in question next week as the first quarter comes to a close and fund managers rebalance their portfolios.The Dow also closed slightly higher, posting just enough of an advance to turn positive for the year and extend its winning streak to five days; but that was largely due to a 5.5% surge in General Motors (GM 31.99 +1.67) which accounted for 13 of the Dow's 19 point gain. Shareholders applauded news that GM will pay stock bonuses to top executives for the first time since 2003 while autos were also in focus following reports that Magna International (MGA 75.42 +0.41) teamed up with a private equity partner to pay between $4.6 bln and $4.7 bln for Chrysler Group (DCX 82.36 +4.76).With the Fed recently saying in its policy directive that "the adjustment in the housing sector is ongoing," today's housing data at 10:00 ET was anticipated to set a more definitive tone. Initially, the bulls got what they were hoping for as existing home sales unexpectedly rising 3.9% in February to 6.69 mln, the fastest pace in three years, eased some of the overblown fears of a housing crisis leading to recession. However, the report also greatly reducing the rationale behind the Fed cutting rates anytime soon prompted a reversal in bonds that also took some steam out of equities.Oil prices climbing back above $62/bbl didn't help matters much either. Fortunately for the bulls, oil closed off its best levels yet offered enough of an incentive for the Energy sector to provide some notable leadership. Crude for May delivery surged amid renewed geopolitical tensions after the British Ministry of Defense confirmed that 15 Naval personnel were seized by Iran. Such worries contributed to a cautionary tone going into the weekend. DJ30 +19.87 NASDAQ �2.81 SP500 +1.56 NASDAQ Dec/Adv/Vol 1431/1593/1.65 bln NYSE Dec/Adv/Vol 1368/1853/1.28 bln

There is nothing to rationally justify the previous up move or mixed results in the market other than what is tantamount to a negative, and based upon spurious data from the government; ie., fake government numbers said total PPI rose a smaller than expected 0.1% (consensus 0.4%) in July, which was well below the 0.5% jump in June, while the more closely watched core rate (ex-food and energy) unexpectedly (RIIIIIGHT!) fell 0.3% (consensus +0.2%) -- the first decline since October and the largest drop since a 0.5% decline in April 2003. Home Sales Decline in 28 States, D.C.. Real estate prices down/stagnant. But housing stocks�..up.....riiiiight!.....in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down.� Martin Crutsinger, AP Economics Writer, previously wrote,� U.S. Trade Deficit Falls 0.3 Percent in June to $64.8B, Offsetting Jump in Chinese Imports. Dell Recall Stems From sony Production Flaw� WASHINGTON (AP) -- America's trade deficit showed a slight improvement as strong global growth pushed U.S. exports to a record level. That helped offset a surge in Chinese imports and record crude oil prices. The deficit declined 0.3 percent in June, compared with May, dropping to $64.8 billion, still the fifth largest imbalance on record, the Commerce Department reported Thursday. The deficit is running at an annual rate of $768 billion through the first six months of this year, putting the country on track to see a fifth straight record imbalance. Last year's deficit was $716.7 billion. Prior considerations remain apposite in this clearly overvalued market. The frauds on wall street feel compelled to continue their tradition/superstition/fraud tactic of buying on the rumor and selling on the news (fact) of the Fed�s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money.� Yahoo previously commented: Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance....., to which I responded, Wild..... I�ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported and will now join gm in worker buyouts; but both GM and Ford will now offer built-in ipods which should substantially help their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Analyst says GM good news now behind it (past/discounted), yet stock still rose upon said analysis �..riiiiight�.. daaaaah! Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal, maybe even suspension, that has cast a harsh light on Silicon Valley's compensation practices. Don�t forget that GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland lunatic world of wall street is of course good news. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid (approx.) 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it�s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very commissionable (investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $62; yes, as in the last crash, they will get fooled again� as stocks up sharply in the fraudulent alice-in-wonderland lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the pundits/analysts are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley (who also says that in Europe bush�s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the �better than expectations� game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. Spotlight on the Stock Option Scandal-The share prices of companies involved in stock options backdating have held up well compared to the broader market. But shareholders might be in for a rougher ride. Plus, why the Nasdaq has its hands full. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived pearl harbor effect)/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/ and the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what�s up is down and what�s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they�ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin� to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don�t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)

"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006

WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):

The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

(3-22-07) Suckers bear market rally by lunatic frauds on wall street continues� based on b**l s**t alone [fed heads, who�ve been printing worthless dollars like they�re going out of style because they are (so much so that they�ve stopped reporting M3), remove words �additional firming� is excuse for ridiculous mixed close as previously dollar precipitously fell on the news which is catch 22 as same is hyper-inflationary/stagflationary and dollar denominated assets fall in value], home construction unexpectedly up according to government report (riiiiight.....if you believe same.....I don�t) though permits down, lunatic frauds on wall street rally on the news, builder/construction sentiment down again and now below 50% reflecting reality, obfuscating mergers/b.s. to the rescue,� previous CPI (.4), wholesale (1.3 annualized 15.6), and core (.4) inflation rates far exceed expectations as worthless dollar and massive printing thereof and debt come home to roost, unexpected decline on the Philadelphia Fed's manufacturing index/disappointing NY Empire State Index, commissionable ponzi scheme with borrowed (ie., japan, etc.) and suckers� funds continues,� blowout Q1 earnings report from wall street lunatic frauds morgan stanley, goldman sachs (daaaaah!) even as record foreclosure rate and retail sales below expectations, mergers obfuscate dismal picture, retail sales down (they say it�s the weather.....riiiiight.....how about consumer debt at record $2.41 trillion) jobs data from private (as opposed to government) entity below expectations (who would have thunk it!.....riiiiight! But wait; latest government data at expectations and above, revising past data as unemployment rate falls to 4.5%.....and says trade deficit trend changing..... riiiiight!), along with below expectations oil inventories which had spurred oil price rally, while productivity below expectations/wage costs higher and above expectations (very inflationary), no problemo for the lunatic frauds on wall street (what a joke wall street is!) who are maniacal as lunatics suckers short-covering �bear market/higher oil prices/fake economic reports/fed speak rally� (based upon b**l s**t/fake reports even assuming fake growth rate though false, the decline of the fiat currency, the worthless dollar would negate same in real terms) (b.s. contrary to bernanke testimony before congress owing to previous implicit threat of prosecution for false statements)� fueled by b**l s**t alone into the close to suck the suckers in; ie., as the Dow Jones industrial average up 13.62, S&P down .50, and NASDAQ down 4.18, all very commissionable on heavy volume, as in final pre-election result push for bush, which fell very short but has provided the same pump-priming of the market as most recently seen in 1999 which ended quite badly even without the exacerbating effects of huge unsustainable and debilitating debt/deficits deferring/delaying/prolonging the inevitable reality even as entire domestic u.s. industries are rendered what is tantamount to defunct and with corporate welfare unwisely spent (war crimes, etc.). Greenspan Warns of Likely U.S. Recession..... FORECLOSURES AT RECORD PACE, retail sales below expectations. TOP INVESTOR, SOROS' PARTNER, SEES U.S. PROPERTY CRASH 3-16-07 Major Mortgage Lender On Bankruptcy's Doorstep... REIT New Century Financial (NEW 3.21, halted at 0).....Everything is hunky doory says financial propaganda minister/comedian paulson (son of pat paulson?) while Moody�s says at least a 10% correction from fraudulent bubble highs is warranted/appropriate (I believe that to be a modest analytical view). Who would you believe? What do you expect a member of a failed administration to say? What�s changed? Nothing, as the frauds on wall street continue their commissionable ponzi scheme with borrowed (ie., japan, etc.) and suckers� funds.� Real estate experts say the pain/damage will exceed that of prior downturns since the great depression.Bernanke responds to recession prediction with b**l s**t (to his small credit he begrudgingly admits to looming fiscal crisis). Top investor, Soros partner sees property crash: 'You can't believe how bad it's going to get'... Manufacturing activity in u.s. up say fake reports (what, paper/worthless dollars/ securities/packaging for imported goods/parts/components, etc.). �BROKERS AT 'TOP-TIER' FIRMS CHARGED IN INSIDER TRADING SCHEME JUST TIP OF THE ICEBERG. New home sales down 17%.....Durables down over seven percent. Are they going to fudge/falsify the GDP revision? Oil rise on US energy inventory data. Stagflation, fake reports understate fundamental weakness, higher oil prices rally. Housing starts down sharply, as investors, domestic and international, dramatically slow purchase of fiat currency/worthless us/dollar denominated stocks and bonds. Record real estate price slump; industrial production/utilization down. Record home price slump. Retail numbers at best (I don�t believe them for a second) just flat; massive layoffs at Chrysler; more government borrowing to paint false facade. Trade deficit up sharply and new record for all of 2006 - $763 billion (the market last rallied with previous month�s improvement, and rallies with worsening, everything else was typical wall street b**l s**t meaning and based on nothing, ie., m&a, upgrade, etc.). Default rates up again. HSBC Holdings, the world's third largest bank, warned that provisions for bad debt will be some 20% higher than previously thought. SEC launch of insider trading (pervasive on fraudulent wall street) probe just tip of the iceberg. Negative savings rate (highest since great depression), factory output down, home inventories highest since last crash, defaults up, gm and ford sales down 17% and 19%, deficits trade/budget, dollar down and going lower, january jobs data weaker than the consensus estimate and below the average gain of 153,000 per month for all of 2006 and viewed as bearish......but no problemo if you�re a lunatic fraud on wall street. Personal Savings at Lowest Point Since 1933-- Great Depression's low. �Fake economic growth report from the administration. Mergers and acquisitions continue to cloud the picture facilitating the fraud. Having beat fraudulent alice-in-wonderland lunatic world of wall street expectations with Record Loss of $12.7 Billion, the rally in Ford�s stock continues..... riiiiight! Fake numbers also a plus. Ford Posts Record Loss of $12.7 Billion.....stock rallies on the news.....riiiiight! P/E ratios far beyond the mean particularly for this stage in the cycle for selected securities (ie., 80+, etc.). Higher oil prices and fake indicators report spark rally.....riiiiight! Report on leading economic indicators is delayed (very unusual unless you understand the greater complexity in fudging same.....not to worry, fans of frauds on wall street.....the lunatic frauds will also get their churn-and-earn commission dollars on the way down).Fed Chairman Bernanke begins to euphemistically discuss reality on capital hill. PAPER: Condo market in DC, Vegas, Miami and Boston has collapsed... Euro displaces dollar in bond markets...13 charged in Wall Street insider trading ring CNN International Higher oil prices and fake numbers spurs rally. More fake job numbers (at best, hamburger helpers, etc.). Foreclosures Rip Neighborhoods in Denver. Yahoo profit falls 61% but rallies 6% on b**l s**t alone. �Insider-Trading Ring Bust in US Fuels Hedge-Fund Concerns. Jawboning by kohn of print-those-worthless-dollars fed raises market.....riiiiight! The ism services index fell, but that was down from an unexpectedly and fake strong read a month earlier, manufacturing index up slightly to 51.4 (they must be counting hamburgers as manufactured goods in u.s......riiiiight!) but fed knows they�ve been printing worthless dollars like mad which of course is hyperinflationary and will come home to roost, along with huge debt/deficits, trade and budget, Stores Report Disappointing Dec. Sales, Gap Woes Deepen in Bleak Holiday Season. Ford and GM auto sales down 13%. More reports in defiance of reality, oil prices up, Dollar Slides...,every intelligent analyst/economist knows that the new home sales number from the government is a total lie that will be revised downward later, that the options scandals are pervasive in fraudulent america (100 investigations just tip of the iceberg), oil stocks continue to rally on lower oil prices, as previously on pipeline explosion in Nigeria, spill in Gulf, and sanctions for Iran, and sharp FALL in oil prices.....riiiiight!.....predictions of disappointing retail sales even with fire-sale discounted prices,..... Highest increase (2%) in 30 years for the wholesale price index, and as well, the core ppi (1.3%), GDP growth less than expected at 2%, dollar sharply lower, oil prices up, building permits down, all unexpectedly bad but great news in the fraudulent alice-in-wonderland lunatic world of wall street. New Record Quarterly Trade Deficit initially spurred lunatic market rally along with obfuscating but very commissionable merger activity. Core inflation a very unexpected unchanged .....riiiiight!.....spurs superstitious, devoid of reality, santa rally.� Investment Banks Post Record 2006 Profit .....daaaaah! Churning and earning on worthless paper, where is that commission dollar coming from even as america has ceded solvency/leadership in every economic measure. Even at the lofty record numbers the indices are worth roughly half their value based on precipitous fall of the dollar in only 5 years with further downside to go. Superstitious �Santa Claus rally�.....riiiiight! High oil price rally.....riiiiight!� Total� bulls**t ! Retail sales up a very unexpected 1%, riiiiight, at the same time inventories of such goods rising substantially (do you think they�re booking sales to �straw men/companies�.....I do!) and oil inventories down. Fake employment numbers (from the government.....riiiiight!) the impetus for previous b.s. rally despite falling sentiment and uptick in unemployment. The ism services index (financed by unsustainable deficit/debt spending and pushing/commissioning worthless paper) and jawboning/bulls**t from the housing industry (the end is near.....riiiiight!), obfuscating mergers continued to cloud the picture, closely-watched core-PCE deflator had risen a more than expected 0.2%, second sub-50 reading on manufacturing activity in as many sessions-the November ISM index unexpectedly fell to 49.5 (consensus 52.0), Chicago PMI fell to its lowest level (49.9%) in October, and below the 50 level, indicating contraction, crude prices up� (OIL PRICES RISE ABOVE $63 A BARREL...), DOLLAR RESUMES SLIDE, Fed Chairman Bernanke & Co. cheerleading/jawboning/bulls**t, 3.2% decline in new home sales, oil inventories down and oil prices up, oil producers shun the dollar, Russia and Opec shift revenues into euros, yen and sterling..., all very bad news anywhere but in the fraudulent alice-in-wonderland world of wall street. Durable goods orders fell sharply, sentiment down, but supposedly used home sales rose slightly (riiiiight.....who says; the realtors/government who have been talking up this bubble market?) albeit at sharply lower prices. DOLLAR PLUNGES TO NEAR 15-YEAR LOW� In other words, no good news to justify the ridiculous up move by the alice-in-wonderland frauds of wall street. Worthless dollar, triple deficits, stock/options scandals/corruption, as some speculate that fed is behind purchases/manipulation (through proxy) of worthless american paper now being shunned by more rational market players abroad.� MARKETS ROCKED BY LONG OVERDUE BUT STILL MODEST RELATIVE TO REALITY SHARP SLIDE IN DOLLAR...There has never been a time since 1929 when stock prices and p/e ratios were so irrationally high for this point in a bull cycle in this indisputable secular bear market, particularly with the existing unprecedented structural economic problems, ie., trade and budget deficits, worthless dollar, scandals, fraud, corruption , etc.. In fact, unemployment unexpectedly rose substantially and consumer sentiment unexpectedly but similarly realistically fell, both very negative exept in the� fraudulent alice-in-wonderland world of wall street. Indeed, the housing bubble bursting with ie., unexpected 14% decline in starts/permits, etc., led to rally in the fraudulent alice-in-wonderland world of wall street. Obfuscating mergers help preclude detection of this massive and pervasive fraud which defies analysis owing to these mergers. New talking pointing: dell numbers exceed expectations depending upon ongoing government scrutiny of their accounting practices.....riiiiight! More contrived manipulated markets and data well as that previous unexpected rise in that global hub of manufacturing activity, New York (worthless paper is their real product, etc.) �..riiiiight!�.. underpins fraudulent up move. Reassuring Fed speak, also known as b**l s**t, along with IPO�s (get the suckers in at the highs as in late 90�s market bubble), and shrugging off pervasive stock/options fraud as at, ie., KB Homes, etc., leave stocks ridiculously higher. Nations leaving the worthless dollar in droves for currencies backed by value and for precious metals. Based on the self-interested statement of typical fraud american and fed rep, we hear once again the wishful thought that housing has bottomed.....right! [Reality/Truth: US housing slump deepens, spreads]. Home depot rallies despite lower than expected results and lower guidance for the year.....right! Who is stupid enough to believe anything the fraudulent criminal americans say. They are printing worthless dollars like mad. Consumer sentiment actually previously fell and there was nothing but wall street lunacy to prop the fraudulent market. The republicans who lockstepped with war criminal dumbya bush deserved to lose. The frauds on wall street now looking for the new corporate welfare program for which to sell the sizzle ie., stem cells, etc.. The know-nothing pundits are now saying the up move without any rational basis is predicated upon the the falsity that gridlock in washington is welcomed and good because no regulation of, ie., fraud on wall street, etc., can be passed. How about a tax on stock trades to come directly from the traders' (traitors/frauds) bottom lines and provide a disincentive for the churn-and-earn fraud which is tantamount to a wasteful tax on the economy. Even token Christian paulison from jew fraud wall street couldn't stem the tide against the blatent zionist/neocon/bush co failure accross the board as the wall street frauds show record profits financed, albeit indirectly, by huge deficits, both trade and budget. Obfuscating mergers blur the picture to provide cover for up move talking points in defiance of reality.� Stagflation and full employment revisions pre-election.....riiiiight. Productivity comes in at a less than expected 0 (inflationary). The only surprise should have been that the number wasn't negative. The pundits are now saying that the market/wall street fraud is in a state of denial regarding economic fundamentals and that the market is substantially overbought, overvalued, overfrauded, over, etc., the manufacturing index coming in lower than expectations. Consumer sentiment unexpectedly fell.....daaaaah. Pre-election core inflation rate report good �..riiiiight�..but savings rate still negative and walmart sales/profits/outlook substantially below expectations but what the heck, they�re wallstreet lunatics/frauds and reality is no problem. Despite pre-election deficit spending, GNP comes in a less than expected paltry 1.6% increase with worthless falling dollar the catch-22 precluding reality avoidance and the worst yet to come. More nations leaving the worthless dollar as reserve currency even as frauds on wall street reach new highs (What are they smoking? Coking? or like the dollar just cracking) based on corporate welfare flows with money the nation doesn't have pre-election (record deficits). Housing prices continue their sharp decline as bubble deflates. GM only lost 115 million. Ford lost 5.8 billion and must restate earnings back to year 2000 is a bullish sign in the fraudulent alice-in-wonderland lunatic world of wall street. Typical pre-fed meeting rally to provide a cushion for any negative pronouncements which reality would require but are seldom forthcoming by the accommodative frauds who have similarly embraced unreality. Indeed, the gutless wimps of wall street think they're "tough" when they fraudulently take the market higher despite a clearly contrary fact based reality. Caterpillar relates the pervasive reality and the frauds on wallstreet intimidate same with sell off, ignoring pervasive options scandal/fraud and rallies Merck despite lower than expectation results.....riiiiight! Election year corporate welfare to prime the pump and the mock stock market with money the nation doesn�t have (increasing already huge deficits). CPI figures (upon which government inflation adjusted payment obligations are based) lower than expected�..riiiiight! Intel earnings/revenues down sharply but according to the lunatic frauds on wall street, beat expectations and stock rallies along with yahoo which as in the pre-dot com bust days says better days are a coming�.. riiiiight Core inflation rate which is closely watched by the Fed exceeds all expectations. Fraud Merrill Lynch has really been pushing and commissioning that worthless paper and reports record earnings, despite having produced nothing and for very little if any value added (that ill-gotten money has to come from somewhere-your pockets?). The big economic report awaiting scrutiny was the monthly trade deficit which was expected to narrow but in fact INCREASED to 69.9 billion. The alice-in-wonderland lunatic wall street frauds rallied on the news as the dollar precipitously fell. The Fed Chairman said there is a "substantial correction" in housing, which will probably shave about 1% off growth in the second half of the year. The Institute of Supply Management said its services index fell to 52.9 in September -- the lowest level since April 2003. Great News�.. riiiiight!..... Consumer Confidence Higher Than Expected... riiiiight!..... and housing starts were down sharply but not-as-bad-as-expectations game in play US Existing Home Sales Fall 0.5% in August; Sales Price Drops Existing-home prices fall for 1st time in 11 years along with fed jaw-boning pre-election that inflation has been licked .....riiiiight �..despite printing worthless dollars like they�re going out of style because they really are! Fed did nothing and stocks rallied, pre-election.....riiiiight! What about the reality of u.s. debt service at a record unsustainable $2 billion per day on a revolving $2 trillion charge account with ie., China, etc.. The fact that foreclosures are up and that there is projected new trade deficit record, fake government inflation numbers for election year purposes, housing starts down 6% means little to the alice-in-wonderland lunatic frauds of wall street and the so-called pundits including yahoo below. Almost all computerized volume is and must be considered heavy, manipulated, economically wasteful volume [stocks move contrary to rational analytical facts (ie., exceeded lowered expectations, things so bad interest rates can�t rise, exceeded expectations, no earnings but outlook extraordinary, the fed says booo as they print more worthless dollars to finance deficits, etc. ) is money in the bank for the frauds on wall street when they unwind said irrational positions ]. Philadelphia Federal Reserve announces that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, leading economic indicators fall .2%, and previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows with b**l s**t from Yahoo (which didn�t even reference the record unanticipated trade gap):

Calif. Farm Sues Taco Bell for Libel
AP - The Southern California farm that grew the green onions that were first linked to and then cleared in last year's E. coli outbreak has filed a libel lawsuit against Taco Bell Corp.

� The market took a breather Thursday as investors, looking a bit fatigued, lacked the data needed to support the best three-day percentage gain on the S&P 500 since April 2003. It also wasn't surprising to see the Nasdaq, fresh off its largest percentage gain (+2.0%) since last October, as becoming ripe for a pullback. The Dow finished to the upside, but its 0.22% gain was nothing to write home about and still left it shy of turning positive for the year.Before the bulls could even find room to rationalize a rally fueled by a revised Fed policy statement that didn't indicate any imminent rate cut a day earlier, they were greeted with some negative news in a Tech sector whose earnings potential is already under the microscope. Last night, Motorola (MOT 17.52 -1.22) warned of a loss for this quarter and forecasted the company's first sales decline in four years. That news trumped a blowout quarter from Oracle (ORCL 18.51 +0.34) two days ago and questioned the sustainability of Technology's recent recovery.The absence of leadership in a Financials sector that has been a significant driver behind gains on all three major averages in five of the prior six sessions acted as an even larger overhang on the market. Thrifts & Mortgage (-1.3%), already one of this year's biggest disappointments (-7.0%) amid overblown concerns about subprime mortgage woes spilling over into the broader economy, was the sector's weakest link today. As if a Fed official saying that some borrowers are clearly experiencing "significant financial and personal challenges" wasn't enough Countrywide Financial (CFC 36.36 -0.59) followed by saying its foreclosures on 2006 subprime mortgages may top 2000's 9.9%, becoming the worst year yet.Also stalling follow-through momentum were soaring oil prices. Crude for May delivery surged 3.5% to $61.69/bbl, its biggest one-day gain in six weeks, amid growing concerns that gasoline supplies remain inadequate to meet upcoming summer driving demand. Fortunately for the bulls, the Energy sector tacking a 1.8% advance onto yesterday's strong 1.7% gain helped to offset some of the commodity's inflationary potential. Exxon Mobil (XOM 74.34 +1.11), the most heavily weighted constituent on the S&P 500, climbed 1.5% in response to oil's advance.Fellow Dow component Procter & Gamble (PG 63.85 +0.89), the blue-chip index's second best performer, gained 1.4% after being upgraded at Bear Stearns on valuation. P&G's gain, along with General Mills (GIS 58.32 +0.44) topping expectations and raising its full-year outlook, helped the Consumer Staples garner added attention for its defensive characteristics. BTK +0.37% DJ30 +13.62 DJTA -0.04% DJUA +0.11% DOT -0.16% NASDAQ -4.18 NQ100 -0.37% R2K +0.03% SOX -1.26% SP400 +0.23% SP500 -0.50 XOI +1.59% NASDAQ Dec/Adv/Vol 1449/1578/1.89 bln NYSE Dec/Adv/Vol 1633/1619/1.50 bln

There is nothing to rationally justify the previous up move or mixed results in the market other than what is tantamount to a negative, and based upon spurious data from the government; ie., fake government numbers said total PPI rose a smaller than expected 0.1% (consensus 0.4%) in July, which was well below the 0.5% jump in June, while the more closely watched core rate (ex-food and energy) unexpectedly (RIIIIIGHT!) fell 0.3% (consensus +0.2%) -- the first decline since October and the largest drop since a 0.5% decline in April 2003. Home Sales Decline in 28 States, D.C.. Real estate prices down/stagnant. But housing stocks�..up.....riiiiight!.....in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down.� Martin Crutsinger, AP Economics Writer, previously wrote,� U.S. Trade Deficit Falls 0.3 Percent in June to $64.8B, Offsetting Jump in Chinese Imports. Dell Recall Stems From sony Production Flaw� WASHINGTON (AP) -- America's trade deficit showed a slight improvement as strong global growth pushed U.S. exports to a record level. That helped offset a surge in Chinese imports and record crude oil prices. The deficit declined 0.3 percent in June, compared with May, dropping to $64.8 billion, still the fifth largest imbalance on record, the Commerce Department reported Thursday. The deficit is running at an annual rate of $768 billion through the first six months of this year, putting the country on track to see a fifth straight record imbalance. Last year's deficit was $716.7 billion. Prior considerations remain apposite in this clearly overvalued market. The frauds on wall street feel compelled to continue their tradition/superstition/fraud tactic of buying on the rumor and selling on the news (fact) of the Fed�s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money.� Yahoo previously commented: Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance....., to which I responded, Wild..... I�ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported and will now join gm in worker buyouts; but both GM and Ford will now offer built-in ipods which should substantially help their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Analyst says GM good news now behind it (past/discounted), yet stock still rose upon said analysis �..riiiiight�.. daaaaah! Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal, maybe even suspension, that has cast a harsh light on Silicon Valley's compensation practices. Don�t forget that GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland lunatic world of wall street is of course good news. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid (approx.) 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it�s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very commissionable (investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $61; yes, as in the last crash, they will get fooled again� as stocks up sharply in the fraudulent alice-in-wonderland lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the pundits/analysts are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley (who also says that in Europe bush�s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the �better than expectations� game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. Spotlight on the Stock Option Scandal-The share prices of companies involved in stock options backdating have held up well compared to the broader market. But shareholders might be in for a rougher ride. Plus, why the Nasdaq has its hands full. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived pearl harbor effect)/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/ and the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what�s up is down and what�s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they�ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin� to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don�t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)

"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006

WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):

The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

(3-21-07) Suckers short-covering/bear market rally by lunatic frauds on wall street� based on b**l s**t alone [fed heads, who�ve been printing worthless dollars like they�re going out of style because they are (so much so that they�ve stopped reporting M3), remove words �additional firming� is excuse for ridiculous up move as dollar precipitously falls on the news which is catch 22 as same is hyper-inflationary/stagflationary and dollar denominated assets fall in value], home construction unexpectedly up according to government report (riiiiight.....if you believe same.....I don�t) though permits down, lunatic frauds on wall street rally on the news, builder/construction sentiment down again and now below 50% reflecting reality, obfuscating mergers/b.s. to the rescue,� previous CPI (.4), wholesale (1.3 annualized 15.6), and core (.4) inflation rates far exceed expectations as worthless dollar and massive printing thereof and debt come home to roost, unexpected decline on the Philadelphia Fed's manufacturing index/disappointing NY Empire State Index, commissionable ponzi scheme with borrowed (ie., japan, etc.) and suckers� funds continues,� blowout Q1 earnings report from wall street lunatic frauds morgan stanley, goldman sachs (daaaaah!) even as record foreclosure rate and retail sales below expectations, mergers obfuscate dismal picture, retail sales down (they say it�s the weather.....riiiiight.....how about consumer debt at record $2.41 trillion) jobs data from private (as opposed to government) entity below expectations (who would have thunk it!.....riiiiight! But wait; latest government data at expectations and above, revising past data as unemployment rate falls to 4.5%.....and says trade deficit trend changing..... riiiiight!), along with below expectations oil inventories which had spurred oil price rally, while productivity below expectations/wage costs higher and above expectations (very inflationary), no problemo for the lunatic frauds on wall street (what a joke wall street is!) who are maniacal as lunatics suckers short-covering �bear market/higher oil prices/fake economic reports/fed speak rally� (based upon b**l s**t/fake reports even assuming fake growth rate though false, the decline of the fiat currency, the worthless dollar would negate same in real terms) (b.s. contrary to bernanke testimony before congress owing to previous implicit threat of prosecution for false statements)� fueled by b**l s**t alone into the close to suck the suckers in; ie., as the Dow Jones industrial average up 159, S&P up 24, and NASDAQ up 47, all very commissionable on heavy volume, as in final pre-election result push for bush, which fell very short but has provided the same pump-priming of the market as most recently seen in 1999 which ended quite badly even without the exacerbating effects of huge unsustainable and debilitating debt/deficits deferring/delaying/prolonging the inevitable reality even as entire domestic u.s. industries are rendered what is tantamount to defunct and with corporate welfare unwisely spent (war crimes, etc.). Greenspan Warns of Likely U.S. Recession..... FORECLOSURES AT RECORD PACE, retail sales below expectations. TOP INVESTOR, SOROS' PARTNER, SEES U.S. PROPERTY CRASH 3-16-07 Major Mortgage Lender On Bankruptcy's Doorstep... REIT New Century Financial (NEW 3.21, halted at 0).....Everything is hunky doory says financial propaganda minister/comedian paulson (son of pat paulson?) while Moody�s says at least a 10% correction from fraudulent bubble highs is warranted/appropriate (I believe that to be a modest analytical view). Who would you believe? What do you expect a member of a failed administration to say? What�s changed? Nothing, as the frauds on wall street continue their commissionable ponzi scheme with borrowed (ie., japan, etc.) and suckers� funds.� Real estate experts say the pain/damage will exceed that of prior downturns since the great depression.Bernanke responds to recession prediction with b**l s**t (to his small credit he begrudgingly admits to looming fiscal crisis). Top investor, Soros partner sees property crash: 'You can't believe how bad it's going to get'... Manufacturing activity in u.s. up say fake reports (what, paper/worthless dollars/ securities/packaging for imported goods/parts/components, etc.). �BROKERS AT 'TOP-TIER' FIRMS CHARGED IN INSIDER TRADING SCHEME JUST TIP OF THE ICEBERG. New home sales down 17%.....Durables down over seven percent. Are they going to fudge/falsify the GDP revision? Oil rise on US energy inventory data. Stagflation, fake reports understate fundamental weakness, higher oil prices rally. Housing starts down sharply, as investors, domestic and international, dramatically slow purchase of fiat currency/worthless us/dollar denominated stocks and bonds. Record real estate price slump; industrial production/utilization down. Record home price slump. Retail numbers at best (I don�t believe them for a second) just flat; massive layoffs at Chrysler; more government borrowing to paint false facade. Trade deficit up sharply and new record for all of 2006 - $763 billion (the market last rallied with previous month�s improvement, and rallies with worsening, everything else was typical wall street b**l s**t meaning and based on nothing, ie., m&a, upgrade, etc.). Default rates up again. HSBC Holdings, the world's third largest bank, warned that provisions for bad debt will be some 20% higher than previously thought. SEC launch of insider trading (pervasive on fraudulent wall street) probe just tip of the iceberg. Negative savings rate (highest since great depression), factory output down, home inventories highest since last crash, defaults up, gm and ford sales down 17% and 19%, deficits trade/budget, dollar down and going lower, january jobs data weaker than the consensus estimate and below the average gain of 153,000 per month for all of 2006 and viewed as bearish......but no problemo if you�re a lunatic fraud on wall street. Personal Savings at Lowest Point Since 1933-- Great Depression's low. �Fake economic growth report from the administration. Mergers and acquisitions continue to cloud the picture facilitating the fraud. Having beat fraudulent alice-in-wonderland lunatic world of wall street expectations with Record Loss of $12.7 Billion, the rally in Ford�s stock continues..... riiiiight! Fake numbers also a plus. Ford Posts Record Loss of $12.7 Billion.....stock rallies on the news.....riiiiight! P/E ratios far beyond the mean particularly for this stage in the cycle for selected securities (ie., 80+, etc.). Higher oil prices and fake indicators report spark rally.....riiiiight! Report on leading economic indicators is delayed (very unusual unless you understand the greater complexity in fudging same.....not to worry, fans of frauds on wall street.....the lunatic frauds will also get their churn-and-earn commission dollars on the way down).Fed Chairman Bernanke begins to euphemistically discuss reality on capital hill. PAPER: Condo market in DC, Vegas, Miami and Boston has collapsed... Euro displaces dollar in bond markets...13 charged in Wall Street insider trading ring CNN International Higher oil prices and fake numbers spurs rally. More fake job numbers (at best, hamburger helpers, etc.). Foreclosures Rip Neighborhoods in Denver. Yahoo profit falls 61% but rallies 6% on b**l s**t alone. �Insider-Trading Ring Bust in US Fuels Hedge-Fund Concerns. Jawboning by kohn of print-those-worthless-dollars fed raises market.....riiiiight! The ism services index fell, but that was down from an unexpectedly and fake strong read a month earlier, manufacturing index up slightly to 51.4 (they must be counting hamburgers as manufactured goods in u.s......riiiiight!) but fed knows they�ve been printing worthless dollars like mad which of course is hyperinflationary and will come home to roost, along with huge debt/deficits, trade and budget, Stores Report Disappointing Dec. Sales, Gap Woes Deepen in Bleak Holiday Season. Ford and GM auto sales down 13%. More reports in defiance of reality, oil prices up, Dollar Slides...,every intelligent analyst/economist knows that the new home sales number from the government is a total lie that will be revised downward later, that the options scandals are pervasive in fraudulent america (100 investigations just tip of the iceberg), oil stocks continue to rally on lower oil prices, as previously on pipeline explosion in Nigeria, spill in Gulf, and sanctions for Iran, and sharp FALL in oil prices.....riiiiight!.....predictions of disappointing retail sales even with fire-sale discounted prices,..... Highest increase (2%) in 30 years for the wholesale price index, and as well, the core ppi (1.3%), GDP growth less than expected at 2%, dollar sharply lower, oil prices up, building permits down, all unexpectedly bad but great news in the fraudulent alice-in-wonderland lunatic world of wall street. New Record Quarterly Trade Deficit initially spurred lunatic market rally along with obfuscating but very commissionable merger activity. Core inflation a very unexpected unchanged .....riiiiight!.....spurs superstitious, devoid of reality, santa rally.� Investment Banks Post Record 2006 Profit .....daaaaah! Churning and earning on worthless paper, where is that commission dollar coming from even as america has ceded solvency/leadership in every economic measure. Even at the lofty record numbers the indices are worth roughly half their value based on precipitous fall of the dollar in only 5 years with further downside to go. Superstitious �Santa Claus rally�.....riiiiight! High oil price rally.....riiiiight!� Total� bulls**t ! Retail sales up a very unexpected 1%, riiiiight, at the same time inventories of such goods rising substantially (do you think they�re booking sales to �straw men/companies�.....I do!) and oil inventories down. Fake employment numbers (from the government.....riiiiight!) the impetus for previous b.s. rally despite falling sentiment and uptick in unemployment. The ism services index (financed by unsustainable deficit/debt spending and pushing/commissioning worthless paper) and jawboning/bulls**t from the housing industry (the end is near.....riiiiight!), obfuscating mergers continued to cloud the picture, closely-watched core-PCE deflator had risen a more than expected 0.2%, second sub-50 reading on manufacturing activity in as many sessions-the November ISM index unexpectedly fell to 49.5 (consensus 52.0), Chicago PMI fell to its lowest level (49.9%) in October, and below the 50 level, indicating contraction, crude prices up� (OIL PRICES RISE ABOVE $63 A BARREL...), DOLLAR RESUMES SLIDE, Fed Chairman Bernanke & Co. cheerleading/jawboning/bulls**t, 3.2% decline in new home sales, oil inventories down and oil prices up, oil producers shun the dollar, Russia and Opec shift revenues into euros, yen and sterling..., all very bad news anywhere but in the fraudulent alice-in-wonderland world of wall street. Durable goods orders fell sharply, sentiment down, but supposedly used home sales rose slightly (riiiiight.....who says; the realtors/government who have been talking up this bubble market?) albeit at sharply lower prices. DOLLAR PLUNGES TO NEAR 15-YEAR LOW� In other words, no good news to justify the ridiculous up move by the alice-in-wonderland frauds of wall street. Worthless dollar, triple deficits, stock/options scandals/corruption, as some speculate that fed is behind purchases/manipulation (through proxy) of worthless american paper now being shunned by more rational market players abroad.� MARKETS ROCKED BY LONG OVERDUE BUT STILL MODEST RELATIVE TO REALITY SHARP SLIDE IN DOLLAR...There has never been a time since 1929 when stock prices and p/e ratios were so irrationally high for this point in a bull cycle in this indisputable secular bear market, particularly with the existing unprecedented structural economic problems, ie., trade and budget deficits, worthless dollar, scandals, fraud, corruption , etc.. In fact, unemployment unexpectedly rose substantially and consumer sentiment unexpectedly but similarly realistically fell, both very negative exept in the� fraudulent alice-in-wonderland world of wall street. Indeed, the housing bubble bursting with ie., unexpected 14% decline in starts/permits, etc., led to rally in the fraudulent alice-in-wonderland world of wall street. Obfuscating mergers help preclude detection of this massive and pervasive fraud which defies analysis owing to these mergers. New talking pointing: dell numbers exceed expectations depending upon ongoing government scrutiny of their accounting practices.....riiiiight! More contrived manipulated markets and data well as that previous unexpected rise in that global hub of manufacturing activity, New York (worthless paper is their real product, etc.) �..riiiiight!�.. underpins fraudulent up move. Reassuring Fed speak, also known as b**l s**t, along with IPO�s (get the suckers in at the highs as in late 90�s market bubble), and shrugging off pervasive stock/options fraud as at, ie., KB Homes, etc., leave stocks ridiculously higher. Nations leaving the worthless dollar in droves for currencies backed by value and for precious metals. Based on the self-interested statement of typical fraud american and fed rep, we hear once again the wishful thought that housing has bottomed.....right! [Reality/Truth: US housing slump deepens, spreads]. Home depot rallies despite lower than expected results and lower guidance for the year.....right! Who is stupid enough to believe anything the fraudulent criminal americans say. They are printing worthless dollars like mad. Consumer sentiment actually previously fell and there was nothing but wall street lunacy to prop the fraudulent market. The republicans who lockstepped with war criminal dumbya bush deserved to lose. The frauds on wall street now looking for the new corporate welfare program for which to sell the sizzle ie., stem cells, etc.. The know-nothing pundits are now saying the up move without any rational basis is predicated upon the the falsity that gridlock in washington is welcomed and good because no regulation of, ie., fraud on wall street, etc., can be passed. How about a tax on stock trades to come directly from the traders' (traitors/frauds) bottom lines and provide a disincentive for the churn-and-earn fraud which is tantamount to a wasteful tax on the economy. Even token Christian paulison from jew fraud wall street couldn't stem the tide against the blatent zionist/neocon/bush co failure accross the board as the wall street frauds show record profits financed, albeit indirectly, by huge deficits, both trade and budget. Obfuscating mergers blur the picture to provide cover for up move talking points in defiance of reality.� Stagflation and full employment revisions pre-election.....riiiiight. Productivity comes in at a less than expected 0 (inflationary). The only surprise should have been that the number wasn't negative. The pundits are now saying that the market/wall street fraud is in a state of denial regarding economic fundamentals and that the market is substantially overbought, overvalued, overfrauded, over, etc., the manufacturing index coming in lower than expectations. Consumer sentiment unexpectedly fell.....daaaaah. Pre-election core inflation rate report good �..riiiiight�..but savings rate still negative and walmart sales/profits/outlook substantially below expectations but what the heck, they�re wallstreet lunatics/frauds and reality is no problem. Despite pre-election deficit spending, GNP comes in a less than expected paltry 1.6% increase with worthless falling dollar the catch-22 precluding reality avoidance and the worst yet to come. More nations leaving the worthless dollar as reserve currency even as frauds on wall street reach new highs (What are they smoking? Coking? or like the dollar just cracking) based on corporate welfare flows with money the nation doesn't have pre-election (record deficits). Housing prices continue their sharp decline as bubble deflates. GM only lost 115 million. Ford lost 5.8 billion and must restate earnings back to year 2000 is a bullish sign in the fraudulent alice-in-wonderland lunatic world of wall street. Typical pre-fed meeting rally to provide a cushion for any negative pronouncements which reality would require but are seldom forthcoming by the accommodative frauds who have similarly embraced unreality. Indeed, the gutless wimps of wall street think they're "tough" when they fraudulently take the market higher despite a clearly contrary fact based reality. Caterpillar relates the pervasive reality and the frauds on wallstreet intimidate same with sell off, ignoring pervasive options scandal/fraud and rallies Merck despite lower than expectation results.....riiiiight! Election year corporate welfare to prime the pump and the mock stock market with money the nation doesn�t have (increasing already huge deficits). CPI figures (upon which government inflation adjusted payment obligations are based) lower than expected�..riiiiight! Intel earnings/revenues down sharply but according to the lunatic frauds on wall street, beat expectations and stock rallies along with yahoo which as in the pre-dot com bust days says better days are a coming�.. riiiiight Core inflation rate which is closely watched by the Fed exceeds all expectations. Fraud Merrill Lynch has really been pushing and commissioning that worthless paper and reports record earnings, despite having produced nothing and for very little if any value added (that ill-gotten money has to come from somewhere-your pockets?). The big economic report awaiting scrutiny was the monthly trade deficit which was expected to narrow but in fact INCREASED to 69.9 billion. The alice-in-wonderland lunatic wall street frauds rallied on the news as the dollar precipitously fell. The Fed Chairman said there is a "substantial correction" in housing, which will probably shave about 1% off growth in the second half of the year. The Institute of Supply Management said its services index fell to 52.9 in September -- the lowest level since April 2003. Great News�.. riiiiight!..... Consumer Confidence Higher Than Expected... riiiiight!..... and housing starts were down sharply but not-as-bad-as-expectations game in play US Existing Home Sales Fall 0.5% in August; Sales Price Drops Existing-home prices fall for 1st time in 11 years along with fed jaw-boning pre-election that inflation has been licked .....riiiiight �..despite printing worthless dollars like they�re going out of style because they really are! Fed did nothing and stocks rallied, pre-election.....riiiiight! What about the reality of u.s. debt service at a record unsustainable $2 billion per day on a revolving $2 trillion charge account with ie., China, etc.. The fact that foreclosures are up and that there is projected new trade deficit record, fake government inflation numbers for election year purposes, housing starts down 6% means little to the alice-in-wonderland lunatic frauds of wall street and the so-called pundits including yahoo below. Almost all computerized volume is and must be considered heavy, manipulated, economically wasteful volume [stocks move contrary to rational analytical facts (ie., exceeded lowered expectations, things so bad interest rates can�t rise, exceeded expectations, no earnings but outlook extraordinary, the fed says booo as they print more worthless dollars to finance deficits, etc. ) is money in the bank for the frauds on wall street when they unwind said irrational positions ]. Philadelphia Federal Reserve announces that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, leading economic indicators fall .2%, and previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows with b**l s**t from Yahoo (which didn�t even reference the record unanticipated trade gap):

Fed Concerned About Growth and Inflation
AP - Federal Reserve Chairman Ben Bernanke and his colleagues are still worried about inflation, even while hinting that an interest rate cut may be needed to help boost a weak economy.

� Stocks rallied across the board Wednesday as investors embraced further evidence that the Fed continues to do a remarkably good job of engineering the so-called soft landing that has been priced into stocks since last July. The S&P 500 and Nasdaq soared 1.7 % and 2.0%, respectively, climbing back into positive territory for the year.Per usual, all eyes were fixed on the culmination of a two-day FOMC meeting and, as expected, policy makers left rates unchanged at 5.25% for a sixth straight time. What was not a foregone conclusion, though, was what the accompanying policy directive would imply about future rate decisions. Then, at 2:15 ET, the bulls got what they were hoping for -- some softening in the Fed's long-standing tightening bias. Even though the Fed's predominant concern remains the "risk that inflation will fail to moderate as expected," which we believe does not amount to signs of a rate cut anytime soon, the surprise removal of "additional firming" in the directive was enough of a change to trigger a relief rally that vaulted every sector. Acknowledgement by the Fed of ongoing "adjustments" in the housing sector also sent the shorts running for cover, especially among beaten-down Homebuilders -- one of today's best performers (+3.5%). In fact, 144 of the 147 S&P industry groups posted gains.Not surprisingly, growing evidence of a more neutral stance lit a fire under an influential Financials sector that was already embracing record results from Morgan Stanley (MS 80.77 +4.66). The investment bank handily topped Wall Street expectations with a 70% surge in quarterly earnings. Management also saying its mortgage business was a "significant contributor" to its record Q1 results also helped silence overblown concerns about the subprime mortgage misfortunes potentially spilling over into the broader economy. DJ30 +159.42 NASDAQ +47.71 SP500 +24.10 NASDAQ Dec/Adv/Vol 796/2252/2.10 bln NYSE Dec/Adv/Vol 598/2693/1.48 bln

(3-20-07) New moon, home construction unexpectedly up according to government report (riiiiight.....if you believe same.....I don�t) though permits down, lunatic frauds on wall street rally on the news, suckers short-covering/bear market rally despite builder/construction sentiment down again and now below 50% reflecting reality, obfuscating mergers/b.s. to the rescue,� previous CPI (.4), wholesale (1.3 annualized 15.6), and core (.4) inflation rates far exceed expectations as worthless dollar and massive printing thereof and debt come home to roost, unexpected decline on the Philadelphia Fed's manufacturing index/disappointing NY Empire State Index, commissionable ponzi scheme with borrowed (ie., japan, etc.) and suckers� funds continues,� blowout Q1 earnings report from wall street lunatic frauds goldman sachs (daaaaah!) even as record foreclosure rate and retail sales below expectations, mergers obfuscate dismal picture, retail sales down (they say it�s the weather.....riiiiight.....how about consumer debt at record $2.41 trillion) jobs data from private (as opposed to government) entity below expectations (who would have thunk it!.....riiiiight! But wait; latest government data at expectations and above, revising past data as unemployment rate falls to 4.5%.....and says trade deficit trend changing..... riiiiight!), along with below expectations oil inventories which had spurred oil price rally, while productivity below expectations/wage costs higher and above expectations (very inflationary), no problemo for the lunatic frauds on wall street (what a joke wall street is!) who are maniacal as lunatics suckers short-covering �bear market/higher oil prices/fake economic reports/fed speak rally� (based upon b**l s**t/fake reports even assuming fake growth rate though false, the decline of the fiat currency, the worthless dollar would negate same in real terms) (b.s. contrary to bernanke testimony before congress owing to previous implicit threat of prosecution for false statements)� fueled by b**l s**t alone into the close to suck the suckers in; ie., as the Dow Jones industrial average up 61.93, S&P up 8.88, and NASDAQ up 13.8, all very commissionable on heavy volume, as in final pre-election result push for bush, which fell very short but has provided the same pump-priming of the market as most recently seen in 1999 which ended quite badly even without the exacerbating effects of huge unsustainable and debilitating debt/deficits deferring/delaying/prolonging the inevitable reality even as entire domestic u.s. industries are rendered what is tantamount to defunct and with corporate welfare unwisely spent (war crimes, etc.). Greenspan Warns of Likely U.S. Recession..... FORECLOSURES AT RECORD PACE, retail sales below expectations. TOP INVESTOR, SOROS' PARTNER, SEES U.S. PROPERTY CRASH 3-16-07 Major Mortgage Lender On Bankruptcy's Doorstep... REIT New Century Financial (NEW 3.21, halted at 0).....Everything is hunky doory says financial propaganda minister/comedian paulson (son of pat paulson?) while Moody�s says at least a 10% correction from fraudulent bubble highs is warranted/appropriate (I believe that to be a modest analytical view). Who would you believe? What do you expect a member of a failed administration to say? What�s changed? Nothing, as the frauds on wall street continue their commissionable ponzi scheme with borrowed (ie., japan, etc.) and suckers� funds.� Real estate experts say the pain/damage will exceed that of prior downturns since the great depression.Bernanke responds to recession prediction with b**l s**t (to his small credit he begrudgingly admits to looming fiscal crisis). Top investor, Soros partner sees property crash: 'You can't believe how bad it's going to get'... Manufacturing activity in u.s. up say fake reports (what, paper/worthless dollars/ securities/packaging for imported goods/parts/components, etc.). �BROKERS AT 'TOP-TIER' FIRMS CHARGED IN INSIDER TRADING SCHEME JUST TIP OF THE ICEBERG. New home sales down 17%.....Durables down over seven percent. Are they going to fudge/falsify the GDP revision? Oil rise on US energy inventory data. Stagflation, fake reports understate fundamental weakness, higher oil prices rally. Housing starts down sharply, as investors, domestic and international, dramatically slow purchase of fiat currency/worthless us/dollar denominated stocks and bonds. Record real estate price slump; industrial production/utilization down. Record home price slump. Retail numbers at best (I don�t believe them for a second) just flat; massive layoffs at Chrysler; more government borrowing to paint false facade. Trade deficit up sharply and new record for all of 2006 - $763 billion (the market last rallied with previous month�s improvement, and rallies with worsening, everything else was typical wall street b**l s**t meaning and based on nothing, ie., m&a, upgrade, etc.). Default rates up again. HSBC Holdings, the world's third largest bank, warned that provisions for bad debt will be some 20% higher than previously thought. SEC launch of insider trading (pervasive on fraudulent wall street) probe just tip of the iceberg. Negative savings rate (highest since great depression), factory output down, home inventories highest since last crash, defaults up, gm and ford sales down 17% and 19%, deficits trade/budget, dollar down and going lower, january jobs data weaker than the consensus estimate and below the average gain of 153,000 per month for all of 2006 and viewed as bearish......but no problemo if you�re a lunatic fraud on wall street. Personal Savings at Lowest Point Since 1933-- Great Depression's low. �Fake economic growth report from the administration. Mergers and acquisitions continue to cloud the picture facilitating the fraud. Having beat fraudulent alice-in-wonderland lunatic world of wall street expectations with Record Loss of $12.7 Billion, the rally in Ford�s stock continues..... riiiiight! Fake numbers also a plus. Ford Posts Record Loss of $12.7 Billion.....stock rallies on the news.....riiiiight! P/E ratios far beyond the mean particularly for this stage in the cycle for selected securities (ie., 80+, etc.). Higher oil prices and fake indicators report spark rally.....riiiiight! Report on leading economic indicators is delayed (very unusual unless you understand the greater complexity in fudging same.....not to worry, fans of frauds on wall street.....the lunatic frauds will also get their churn-and-earn commission dollars on the way down).Fed Chairman Bernanke begins to euphemistically discuss reality on capital hill. PAPER: Condo market in DC, Vegas, Miami and Boston has collapsed... Euro displaces dollar in bond markets...13 charged in Wall Street insider trading ring CNN International Higher oil prices and fake numbers spurs rally. More fake job numbers (at best, hamburger helpers, etc.). Foreclosures Rip Neighborhoods in Denver. Yahoo profit falls 61% but rallies 6% on b**l s**t alone. �Insider-Trading Ring Bust in US Fuels Hedge-Fund Concerns. Jawboning by kohn of print-those-worthless-dollars fed raises market.....riiiiight! The ism services index fell, but that was down from an unexpectedly and fake strong read a month earlier, manufacturing index up slightly to 51.4 (they must be counting hamburgers as manufactured goods in u.s......riiiiight!) but fed knows they�ve been printing worthless dollars like mad which of course is hyperinflationary and will come home to roost, along with huge debt/deficits, trade and budget, Stores Report Disappointing Dec. Sales, Gap Woes Deepen in Bleak Holiday Season. Ford and GM auto sales down 13%. More reports in defiance of reality, oil prices up, Dollar Slides...,every intelligent analyst/economist knows that the new home sales number from the government is a total lie that will be revised downward later, that the options scandals are pervasive in fraudulent america (100 investigations just tip of the iceberg), oil stocks continue to rally on lower oil prices, as previously on pipeline explosion in Nigeria, spill in Gulf, and sanctions for Iran, and sharp FALL in oil prices.....riiiiight!.....predictions of disappointing retail sales even with fire-sale discounted prices,..... Highest increase (2%) in 30 years for the wholesale price index, and as well, the core ppi (1.3%), GDP growth less than expected at 2%, dollar sharply lower, oil prices up, building permits down, all unexpectedly bad but great news in the fraudulent alice-in-wonderland lunatic world of wall street. New Record Quarterly Trade Deficit initially spurred lunatic market rally along with obfuscating but very commissionable merger activity. Core inflation a very unexpected unchanged .....riiiiight!.....spurs superstitious, devoid of reality, santa rally.� Investment Banks Post Record 2006 Profit .....daaaaah! Churning and earning on worthless paper, where is that commission dollar coming from even as america has ceded solvency/leadership in every economic measure. Even at the lofty record numbers the indices are worth roughly half their value based on precipitous fall of the dollar in only 5 years with further downside to go. Superstitious �Santa Claus rally�.....riiiiight! High oil price rally.....riiiiight!� Total� bulls**t ! Retail sales up a very unexpected 1%, riiiiight, at the same time inventories of such goods rising substantially (do you think they�re booking sales to �straw men/companies�.....I do!) and oil inventories down. Fake employment numbers (from the government.....riiiiight!) the impetus for previous b.s. rally despite falling sentiment and uptick in unemployment. The ism services index (financed by unsustainable deficit/debt spending and pushing/commissioning worthless paper) and jawboning/bulls**t from the housing industry (the end is near.....riiiiight!), obfuscating mergers continued to cloud the picture, closely-watched core-PCE deflator had risen a more than expected 0.2%, second sub-50 reading on manufacturing activity in as many sessions-the November ISM index unexpectedly fell to 49.5 (consensus 52.0), Chicago PMI fell to its lowest level (49.9%) in October, and below the 50 level, indicating contraction, crude prices up� (OIL PRICES RISE ABOVE $63 A BARREL...), DOLLAR RESUMES SLIDE, Fed Chairman Bernanke & Co. cheerleading/jawboning/bulls**t, 3.2% decline in new home sales, oil inventories down and oil prices up, oil producers shun the dollar, Russia and Opec shift revenues into euros, yen and sterling..., all very bad news anywhere but in the fraudulent alice-in-wonderland world of wall street. Durable goods orders fell sharply, sentiment down, but supposedly used home sales rose slightly (riiiiight.....who says; the realtors/government who have been talking up this bubble market?) albeit at sharply lower prices. DOLLAR PLUNGES TO NEAR 15-YEAR LOW� In other words, no good news to justify the ridiculous up move by the alice-in-wonderland frauds of wall street. Worthless dollar, triple deficits, stock/options scandals/corruption, as some speculate that fed is behind purchases/manipulation (through proxy) of worthless american paper now being shunned by more rational market players abroad.� MARKETS ROCKED BY LONG OVERDUE BUT STILL MODEST RELATIVE TO REALITY SHARP SLIDE IN DOLLAR...There has never been a time since 1929 when stock prices and p/e ratios were so irrationally high for this point in a bull cycle in this indisputable secular bear market, particularly with the existing unprecedented structural economic problems, ie., trade and budget deficits, worthless dollar, scandals, fraud, corruption , etc.. In fact, unemployment unexpectedly rose substantially and consumer sentiment unexpectedly but similarly realistically fell, both very negative exept in the� fraudulent alice-in-wonderland world of wall street. Indeed, the housing bubble bursting with ie., unexpected 14% decline in starts/permits, etc., led to rally in the fraudulent alice-in-wonderland world of wall street. Obfuscating mergers help preclude detection of this massive and pervasive fraud which defies analysis owing to these mergers. New talking pointing: dell numbers exceed expectations depending upon ongoing government scrutiny of their accounting practices.....riiiiight! More contrived manipulated markets and data well as that previous unexpected rise in that global hub of manufacturing activity, New York (worthless paper is their real product, etc.) �..riiiiight!�.. underpins fraudulent up move. Reassuring Fed speak, also known as b**l s**t, along with IPO�s (get the suckers in at the highs as in late 90�s market bubble), and shrugging off pervasive stock/options fraud as at, ie., KB Homes, etc., leave stocks ridiculously higher. Nations leaving the worthless dollar in droves for currencies backed by value and for precious metals. Based on the self-interested statement of typical fraud american and fed rep, we hear once again the wishful thought that housing has bottomed.....right! [Reality/Truth: US housing slump deepens, spreads]. Home depot rallies despite lower than expected results and lower guidance for the year.....right! Who is stupid enough to believe anything the fraudulent criminal americans say. They are printing worthless dollars like mad. Consumer sentiment actually previously fell and there was nothing but wall street lunacy to prop the fraudulent market. The republicans who lockstepped with war criminal dumbya bush deserved to lose. The frauds on wall street now looking for the new corporate welfare program for which to sell the sizzle ie., stem cells, etc.. The know-nothing pundits are now saying the up move without any rational basis is predicated upon the the falsity that gridlock in washington is welcomed and good because no regulation of, ie., fraud on wall street, etc., can be passed. How about a tax on stock trades to come directly from the traders' (traitors/frauds) bottom lines and provide a disincentive for the churn-and-earn fraud which is tantamount to a wasteful tax on the economy. Even token Christian paulison from jew fraud wall street couldn't stem the tide against the blatent zionist/neocon/bush co failure accross the board as the wall street frauds show record profits financed, albeit indirectly, by huge deficits, both trade and budget. Obfuscating mergers blur the picture to provide cover for up move talking points in defiance of reality.� Stagflation and full employment revisions pre-election.....riiiiight. Productivity comes in at a less than expected 0 (inflationary). The only surprise should have been that the number wasn't negative. The pundits are now saying that the market/wall street fraud is in a state of denial regarding economic fundamentals and that the market is substantially overbought, overvalued, overfrauded, over, etc., the manufacturing index coming in lower than expectations. Consumer sentiment unexpectedly fell.....daaaaah. Pre-election core inflation rate report good �..riiiiight�..but savings rate still negative and walmart sales/profits/outlook substantially below expectations but what the heck, they�re wallstreet lunatics/frauds and reality is no problem. Despite pre-election deficit spending, GNP comes in a less than expected paltry 1.6% increase with worthless falling dollar the catch-22 precluding reality avoidance and the worst yet to come. More nations leaving the worthless dollar as reserve currency even as frauds on wall street reach new highs (What are they smoking? Coking? or like the dollar just cracking) based on corporate welfare flows with money the nation doesn't have pre-election (record deficits). Housing prices continue their sharp decline as bubble deflates. GM only lost 115 million. Ford lost 5.8 billion and must restate earnings back to year 2000 is a bullish sign in the fraudulent alice-in-wonderland lunatic world of wall street. Typical pre-fed meeting rally to provide a cushion for any negative pronouncements which reality would require but are seldom forthcoming by the accommodative frauds who have similarly embraced unreality. Indeed, the gutless wimps of wall street think they're "tough" when they fraudulently take the market higher despite a clearly contrary fact based reality. Caterpillar relates the pervasive reality and the frauds on wallstreet intimidate same with sell off, ignoring pervasive options scandal/fraud and rallies Merck despite lower than expectation results.....riiiiight! Election year corporate welfare to prime the pump and the mock stock market with money the nation doesn�t have (increasing already huge deficits). CPI figures (upon which government inflation adjusted payment obligations are based) lower than expected�..riiiiight! Intel earnings/revenues down sharply but according to the lunatic frauds on wall street, beat expectations and stock rallies along with yahoo which as in the pre-dot com bust days says better days are a coming�.. riiiiight Core inflation rate which is closely watched by the Fed exceeds all expectations. Fraud Merrill Lynch has really been pushing and commissioning that worthless paper and reports record earnings, despite having produced nothing and for very little if any value added (that ill-gotten money has to come from somewhere-your pockets?). The big economic report awaiting scrutiny was the monthly trade deficit which was expected to narrow but in fact INCREASED to 69.9 billion. The alice-in-wonderland lunatic wall street frauds rallied on the news as the dollar precipitously fell. The Fed Chairman said there is a "substantial correction" in housing, which will probably shave about 1% off growth in the second half of the year. The Institute of Supply Management said its services index fell to 52.9 in September -- the lowest level since April 2003. Great News�.. riiiiight!..... Consumer Confidence Higher Than Expected... riiiiight!..... and housing starts were down sharply but not-as-bad-as-expectations game in play US Existing Home Sales Fall 0.5% in August; Sales Price Drops Existing-home prices fall for 1st time in 11 years along with fed jaw-boning pre-election that inflation has been licked .....riiiiight �..despite printing worthless dollars like they�re going out of style because they really are! Fed did nothing and stocks rallied, pre-election.....riiiiight! What about the reality of u.s. debt service at a record unsustainable $2 billion per day on a revolving $2 trillion charge account with ie., China, etc.. The fact that foreclosures are up and that there is projected new trade deficit record, fake government inflation numbers for election year purposes, housing starts down 6% means little to the alice-in-wonderland lunatic frauds of wall street and the so-called pundits including yahoo below. Almost all computerized volume is and must be considered heavy, manipulated, economically wasteful volume [stocks move contrary to rational analytical facts (ie., exceeded lowered expectations, things so bad interest rates can�t rise, exceeded expectations, no earnings but outlook extraordinary, the fed says booo as they print more worthless dollars to finance deficits, etc. ) is money in the bank for the frauds on wall street when they unwind said irrational positions ]. Philadelphia Federal Reserve announces that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, leading economic indicators fall .2%, and previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows with b**l s**t from Yahoo (which didn�t even reference the record unanticipated trade gap):

Prosecutors: Former Qwest CEO a Cheater
AP - Former Qwest Communications CEO Joe Nacchio, a firm believer in the telephone company's future, was reluctant to sell shares in early 2001 and asked the board for an extension but was turned down, his attorney says.

� Evidently buyers were still hungry to own stocks Tuesday as investors built on a broad-based rally a day earlier that was predicated in part on hopes that tomorrow's Fed statement will reflect a more accommodative policy stance.Investors also embraced an added sense of stability in overseas markets, as the Bank of Japan leaving rates unchanged at 0.5% eased concerns tied to the unwinding of the carry trade. Good overall housing data, more M&A news, and relief in the troubled subprime mortgage space also helped the bulls extend Monday's sizable gains.After plunging 14% to a 10-year low in January, housing starts rebounded in February with a 9% rise to a 1.525 mln annual rate. Building permits, a sign of future construction, fell for the 12th time in 13 months, which investors felt will help with the housing inventory glut. It is worth noting, though, that while the volatile data overall eased the worst of fears about a housing market crash, the lack of a clear sign of a bottom didn't exactly provide overwhelming conviction that the Fed's impending statement will reflect the more balanced policy stance investors began pricing into the market yesterday.As evidenced by the S&P 500 turning in a better performance than the Dow and Nasdaq, it's not surprising to see just how big of an impact more bargain-hunting interest throughout the beaten-down Financials sector had on the day's action. Another round of M&A activity helped the brokerage group build on yesterday's 1.6% advance. Citigroup (C 50.64 +0.58), whose Global Markets unit is funding the $8.2 bln buyout of Affiliated Computer Services (ACS 59.97 +8.68), rose 1.2%.Accredited Home Lenders (LEND 10.77 +1.82) receiving a commitment for a $200 mln term loan from Farallon Capital helped silence concerns about the subprime mortgage misfortunes potentially spilling over into the broader economy. Insurance companies got a lift after Bear Stearns upgraded the group on valuation.Of the other nine sectors trading higher, Utilities actually turned in the best performance as its defensive characteristics became attractive as a hedge against tomorrow's Fed directive possibly piquing concerns about the pace of economic growth. DJ30 +61.93 NASDAQ +13.80 SP500 +8.88 NASDAQ Dec/Adv/Vol 1078/1937/1.67 bln NYSE Dec/Adv/Vol 957/2321/1.33 bln

There is nothing to rationally justify the previous up move or mixed results in the market other than what is tantamount to a negative, and based upon spurious data from the government; ie., fake government numbers said total PPI rose a smaller than expected 0.1% (consensus 0.4%) in July, which was well below the 0.5% jump in June, while the more closely watched core rate (ex-food and energy) unexpectedly (RIIIIIGHT!) fell 0.3% (consensus +0.2%) -- the first decline since October and the largest drop since a 0.5% decline in April 2003. Home Sales Decline in 28 States, D.C.. Real estate prices down/stagnant. But housing stocks�..up.....riiiiight!.....in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down.� Martin Crutsinger, AP Economics Writer, previously wrote,� U.S. Trade Deficit Falls 0.3 Percent in June to $64.8B, Offsetting Jump in Chinese Imports. Dell Recall Stems From sony Production Flaw� WASHINGTON (AP) -- America's trade deficit showed a slight improvement as strong global growth pushed U.S. exports to a record level. That helped offset a surge in Chinese imports and record crude oil prices. The deficit declined 0.3 percent in June, compared with May, dropping to $64.8 billion, still the fifth largest imbalance on record, the Commerce Department reported Thursday. The deficit is running at an annual rate of $768 billion through the first six months of this year, putting the country on track to see a fifth straight record imbalance. Last year's deficit was $716.7 billion. Prior considerations remain apposite in this clearly overvalued market. The frauds on wall street feel compelled to continue their tradition/superstition/fraud tactic of buying on the rumor and selling on the news (fact) of the Fed�s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money.� Yahoo previously commented: Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance....., to which I responded, Wild..... I�ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported and will now join gm in worker buyouts; but both GM and Ford will now offer built-in ipods which should substantially help their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Analyst says GM good news now behind it (past/discounted), yet stock still rose upon said analysis �..riiiiight�.. daaaaah! Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal, maybe even suspension, that has cast a harsh light on Silicon Valley's compensation practices. Don�t forget that GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland lunatic world of wall street is of course good news. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid (approx.) 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it�s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very commissionable (investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $56; yes, as in the last crash, they will get fooled again� as stocks up sharply in the fraudulent alice-in-wonderland lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the pundits/analysts are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley (who also says that in Europe bush�s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the �better than expectations� game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. Spotlight on the Stock Option Scandal-The share prices of companies involved in stock options backdating have held up well compared to the broader market. But shareholders might be in for a rougher ride. Plus, why the Nasdaq has its hands full. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived pearl harbor effect)/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/ and the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what�s up is down and what�s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they�ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin� to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don�t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)

"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006

WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):

The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

(3-19-07) Suckers short-covering/bear market rally despite builder/construction sentiment down again and now below 50% reflecting reality, obfuscating mergers/b.s. to the rescue,� previous CPI (.4), wholesale (1.3 annualized 15.6), and core (.4) inflation rates far exceed expectations as worthless dollar and massive printing thereof and debt come home to roost, unexpected decline on the Philadelphia Fed's manufacturing index/disappointing NY Empire State Index, commissionable ponzi scheme with borrowed (ie., japan, etc.) and suckers� funds continues,� blowout Q1 earnings report from wall street lunatic frauds goldman sachs (daaaaah!) even as record foreclosure rate and retail sales below expectations, mergers obfuscate dismal picture, retail sales down (they say it�s the weather.....riiiiight.....how about consumer debt at record $2.41 trillion) jobs data from private (as opposed to government) entity below expectations (who would have thunk it!.....riiiiight! But wait; latest government data at expectations and above, revising past data as unemployment rate falls to 4.5%.....and says trade deficit trend changing..... riiiiight!), along with below expectations oil inventories which had spurred oil price rally, while productivity below expectations/wage costs higher and above expectations (very inflationary), no problemo for the lunatic frauds on wall street (what a joke wall street is!) who are maniacal as lunatics suckers short-covering �bear market/higher oil prices/fake economic reports/fed speak rally� (based upon b**l s**t/fake reports even assuming fake growth rate though false, the decline of the fiat currency, the worthless dollar would negate same in real terms) (b.s. contrary to bernanke testimony before congress owing to previous implicit threat of prosecution for false statements)� fueled by b**l s**t alone into the close to suck the suckers in; ie., as the Dow Jones industrial average up 115.76, S&P up 15.11, and NASDAQ up 21.75, all very commissionable on heavy volume, as in final pre-election result push for bush, which fell very short but has provided the same pump-priming of the market as most recently seen in 1999 which ended quite badly even without the exacerbating effects of huge unsustainable and debilitating debt/deficits deferring/delaying/prolonging the inevitable reality even as entire domestic u.s. industries are rendered what is tantamount to defunct and with corporate welfare unwisely spent (war crimes, etc.). Greenspan Warns of Likely U.S. Recession..... FORECLOSURES AT RECORD PACE, retail sales below expectations. TOP INVESTOR, SOROS' PARTNER, SEES U.S. PROPERTY CRASH 3-16-07 Major Mortgage Lender On Bankruptcy's Doorstep... REIT New Century Financial (NEW 3.21, halted at 0).....Everything is hunky doory says financial propaganda minister/comedian paulson (son of pat paulson?) while Moody�s says at least a 10% correction from fraudulent bubble highs is warranted/appropriate (I believe that to be a modest analytical view). Who would you believe? What do you expect a member of a failed administration to say? What�s changed? Nothing, as the frauds on wall street continue their commissionable ponzi scheme with borrowed (ie., japan, etc.) and suckers� funds.� Real estate experts say the pain/damage will exceed that of prior downturns since the great depression.Bernanke responds to recession prediction with b**l s**t (to his small credit he begrudgingly admits to looming fiscal crisis). Top investor, Soros partner sees property crash: 'You can't believe how bad it's going to get'... Manufacturing activity in u.s. up say fake reports (what, paper/worthless dollars/ securities/packaging for imported goods/parts/components, etc.). �BROKERS AT 'TOP-TIER' FIRMS CHARGED IN INSIDER TRADING SCHEME JUST TIP OF THE ICEBERG. New home sales down 17%.....Durables down over seven percent. Are they going to fudge/falsify the GDP revision? Oil rise on US energy inventory data. Stagflation, fake reports understate fundamental weakness, higher oil prices rally. Housing starts down sharply, as investors, domestic and international, dramatically slow purchase of fiat currency/worthless us/dollar denominated stocks and bonds. Record real estate price slump; industrial production/utilization down. Record home price slump. Retail numbers at best (I don�t believe them for a second) just flat; massive layoffs at Chrysler; more government borrowing to paint false facade. Trade deficit up sharply and new record for all of 2006 - $763 billion (the market last rallied with previous month�s improvement, and rallies with worsening, everything else was typical wall street b**l s**t meaning and based on nothing, ie., m&a, upgrade, etc.). Default rates up again. HSBC Holdings, the world's third largest bank, warned that provisions for bad debt will be some 20% higher than previously thought. SEC launch of insider trading (pervasive on fraudulent wall street) probe just tip of the iceberg. Negative savings rate (highest since great depression), factory output down, home inventories highest since last crash, defaults up, gm and ford sales down 17% and 19%, deficits trade/budget, dollar down and going lower, january jobs data weaker than the consensus estimate and below the average gain of 153,000 per month for all of 2006 and viewed as bearish......but no problemo if you�re a lunatic fraud on wall street. Personal Savings at Lowest Point Since 1933-- Great Depression's low. �Fake economic growth report from the administration. Mergers and acquisitions continue to cloud the picture facilitating the fraud. Having beat fraudulent alice-in-wonderland lunatic world of wall street expectations with Record Loss of $12.7 Billion, the rally in Ford�s stock continues..... riiiiight! Fake numbers also a plus. Ford Posts Record Loss of $12.7 Billion.....stock rallies on the news.....riiiiight! P/E ratios far beyond the mean particularly for this stage in the cycle for selected securities (ie., 80+, etc.). Higher oil prices and fake indicators report spark rally.....riiiiight! Report on leading economic indicators is delayed (very unusual unless you understand the greater complexity in fudging same.....not to worry, fans of frauds on wall street.....the lunatic frauds will also get their churn-and-earn commission dollars on the way down).Fed Chairman Bernanke begins to euphemistically discuss reality on capital hill. PAPER: Condo market in DC, Vegas, Miami and Boston has collapsed... Euro displaces dollar in bond markets...13 charged in Wall Street insider trading ring CNN International Higher oil prices and fake numbers spurs rally. More fake job numbers (at best, hamburger helpers, etc.). Foreclosures Rip Neighborhoods in Denver. Yahoo profit falls 61% but rallies 6% on b**l s**t alone. �Insider-Trading Ring Bust in US Fuels Hedge-Fund Concerns. Jawboning by kohn of print-those-worthless-dollars fed raises market.....riiiiight! The ism services index fell, but that was down from an unexpectedly and fake strong read a month earlier, manufacturing index up slightly to 51.4 (they must be counting hamburgers as manufactured goods in u.s......riiiiight!) but fed knows they�ve been printing worthless dollars like mad which of course is hyperinflationary and will come home to roost, along with huge debt/deficits, trade and budget, Stores Report Disappointing Dec. Sales, Gap Woes Deepen in Bleak Holiday Season. Ford and GM auto sales down 13%. More reports in defiance of reality, oil prices up, Dollar Slides...,every intelligent analyst/economist knows that the new home sales number from the government is a total lie that will be revised downward later, that the options scandals are pervasive in fraudulent america (100 investigations just tip of the iceberg), oil stocks continue to rally on lower oil prices, as previously on pipeline explosion in Nigeria, spill in Gulf, and sanctions for Iran, and sharp FALL in oil prices.....riiiiight!.....predictions of disappointing retail sales even with fire-sale discounted prices,..... Highest increase (2%) in 30 years for the wholesale price index, and as well, the core ppi (1.3%), GDP growth less than expected at 2%, dollar sharply lower, oil prices up, building permits down, all unexpectedly bad but great news in the fraudulent alice-in-wonderland lunatic world of wall street. New Record Quarterly Trade Deficit initially spurred lunatic market rally along with obfuscating but very commissionable merger activity. Core inflation a very unexpected unchanged .....riiiiight!.....spurs superstitious, devoid of reality, santa rally.� Investment Banks Post Record 2006 Profit .....daaaaah! Churning and earning on worthless paper, where is that commission dollar coming from even as america has ceded solvency/leadership in every economic measure. Even at the lofty record numbers the indices are worth roughly half their value based on precipitous fall of the dollar in only 5 years with further downside to go. Superstitious �Santa Claus rally�.....riiiiight! High oil price rally.....riiiiight!� Total� bulls**t ! Retail sales up a very unexpected 1%, riiiiight, at the same time inventories of such goods rising substantially (do you think they�re booking sales to �straw men/companies�.....I do!) and oil inventories down. Fake employment numbers (from the government.....riiiiight!) the impetus for previous b.s. rally despite falling sentiment and uptick in unemployment. The ism services index (financed by unsustainable deficit/debt spending and pushing/commissioning worthless paper) and jawboning/bulls**t from the housing industry (the end is near.....riiiiight!), obfuscating mergers continued to cloud the picture, closely-watched core-PCE deflator had risen a more than expected 0.2%, second sub-50 reading on manufacturing activity in as many sessions-the November ISM index unexpectedly fell to 49.5 (consensus 52.0), Chicago PMI fell to its lowest level (49.9%) in October, and below the 50 level, indicating contraction, crude prices up� (OIL PRICES RISE ABOVE $63 A BARREL...), DOLLAR RESUMES SLIDE, Fed Chairman Bernanke & Co. cheerleading/jawboning/bulls**t, 3.2% decline in new home sales, oil inventories down and oil prices up, oil producers shun the dollar, Russia and Opec shift revenues into euros, yen and sterling..., all very bad news anywhere but in the fraudulent alice-in-wonderland world of wall street. Durable goods orders fell sharply, sentiment down, but supposedly used home sales rose slightly (riiiiight.....who says; the realtors/government who have been talking up this bubble market?) albeit at sharply lower prices. DOLLAR PLUNGES TO NEAR 15-YEAR LOW� In other words, no good news to justify the ridiculous up move by the alice-in-wonderland frauds of wall street. Worthless dollar, triple deficits, stock/options scandals/corruption, as some speculate that fed is behind purchases/manipulation (through proxy) of worthless american paper now being shunned by more rational market players abroad.� MARKETS ROCKED BY LONG OVERDUE BUT STILL MODEST RELATIVE TO REALITY SHARP SLIDE IN DOLLAR...There has never been a time since 1929 when stock prices and p/e ratios were so irrationally high for this point in a bull cycle in this indisputable secular bear market, particularly with the existing unprecedented structural economic problems, ie., trade and budget deficits, worthless dollar, scandals, fraud, corruption , etc.. In fact, unemployment unexpectedly rose substantially and consumer sentiment unexpectedly but similarly realistically fell, both very negative exept in the� fraudulent alice-in-wonderland world of wall street. Indeed, the housing bubble bursting with ie., unexpected 14% decline in starts/permits, etc., led to rally in the fraudulent alice-in-wonderland world of wall street. Obfuscating mergers help preclude detection of this massive and pervasive fraud which defies analysis owing to these mergers. New talking pointing: dell numbers exceed expectations depending upon ongoing government scrutiny of their accounting practices.....riiiiight! More contrived manipulated markets and data well as that previous unexpected rise in that global hub of manufacturing activity, New York (worthless paper is their real product, etc.) �..riiiiight!�.. underpins fraudulent up move. Reassuring Fed speak, also known as b**l s**t, along with IPO�s (get the suckers in at the highs as in late 90�s market bubble), and shrugging off pervasive stock/options fraud as at, ie., KB Homes, etc., leave stocks ridiculously higher. Nations leaving the worthless dollar in droves for currencies backed by value and for precious metals. Based on the self-interested statement of typical fraud american and fed rep, we hear once again the wishful thought that housing has bottomed.....right! [Reality/Truth: US housing slump deepens, spreads]. Home depot rallies despite lower than expected results and lower guidance for the year.....right! Who is stupid enough to believe anything the fraudulent criminal americans say. They are printing worthless dollars like mad. Consumer sentiment actually previously fell and there was nothing but wall street lunacy to prop the fraudulent market. The republicans who lockstepped with war criminal dumbya bush deserved to lose. The frauds on wall street now looking for the new corporate welfare program for which to sell the sizzle ie., stem cells, etc.. The know-nothing pundits are now saying the up move without any rational basis is predicated upon the the falsity that gridlock in washington is welcomed and good because no regulation of, ie., fraud on wall street, etc., can be passed. How about a tax on stock trades to come directly from the traders' (traitors/frauds) bottom lines and provide a disincentive for the churn-and-earn fraud which is tantamount to a wasteful tax on the economy. Even token Christian paulison from jew fraud wall street couldn't stem the tide against the blatent zionist/neocon/bush co failure accross the board as the wall street frauds show record profits financed, albeit indirectly, by huge deficits, both trade and budget. Obfuscating mergers blur the picture to provide cover for up move talking points in defiance of reality.� Stagflation and full employment revisions pre-election.....riiiiight. Productivity comes in at a less than expected 0 (inflationary). The only surprise should have been that the number wasn't negative. The pundits are now saying that the market/wall street fraud is in a state of denial regarding economic fundamentals and that the market is substantially overbought, overvalued, overfrauded, over, etc., the manufacturing index coming in lower than expectations. Consumer sentiment unexpectedly fell.....daaaaah. Pre-election core inflation rate report good �..riiiiight�..but savings rate still negative and walmart sales/profits/outlook substantially below expectations but what the heck, they�re wallstreet lunatics/frauds and reality is no problem. Despite pre-election deficit spending, GNP comes in a less than expected paltry 1.6% increase with worthless falling dollar the catch-22 precluding reality avoidance and the worst yet to come. More nations leaving the worthless dollar as reserve currency even as frauds on wall street reach new highs (What are they smoking? Coking? or like the dollar just cracking) based on corporate welfare flows with money the nation doesn't have pre-election (record deficits). Housing prices continue their sharp decline as bubble deflates. GM only lost 115 million. Ford lost 5.8 billion and must restate earnings back to year 2000 is a bullish sign in the fraudulent alice-in-wonderland lunatic world of wall street. Typical pre-fed meeting rally to provide a cushion for any negative pronouncements which reality would require but are seldom forthcoming by the accommodative frauds who have similarly embraced unreality. Indeed, the gutless wimps of wall street think they're "tough" when they fraudulently take the market higher despite a clearly contrary fact based reality. Caterpillar relates the pervasive reality and the frauds on wallstreet intimidate same with sell off, ignoring pervasive options scandal/fraud and rallies Merck despite lower than expectation results.....riiiiight! Election year corporate welfare to prime the pump and the mock stock market with money the nation doesn�t have (increasing already huge deficits). CPI figures (upon which government inflation adjusted payment obligations are based) lower than expected�..riiiiight! Intel earnings/revenues down sharply but according to the lunatic frauds on wall street, beat expectations and stock rallies along with yahoo which as in the pre-dot com bust days says better days are a coming�.. riiiiight Core inflation rate which is closely watched by the Fed exceeds all expectations. Fraud Merrill Lynch has really been pushing and commissioning that worthless paper and reports record earnings, despite having produced nothing and for very little if any value added (that ill-gotten money has to come from somewhere-your pockets?). The big economic report awaiting scrutiny was the monthly trade deficit which was expected to narrow but in fact INCREASED to 69.9 billion. The alice-in-wonderland lunatic wall street frauds rallied on the news as the dollar precipitously fell. The Fed Chairman said there is a "substantial correction" in housing, which will probably shave about 1% off growth in the second half of the year. The Institute of Supply Management said its services index fell to 52.9 in September -- the lowest level since April 2003. Great News�.. riiiiight!..... Consumer Confidence Higher Than Expected... riiiiight!..... and housing starts were down sharply but not-as-bad-as-expectations game in play US Existing Home Sales Fall 0.5% in August; Sales Price Drops Existing-home prices fall for 1st time in 11 years along with fed jaw-boning pre-election that inflation has been licked .....riiiiight �..despite printing worthless dollars like they�re going out of style because they really are! Fed did nothing and stocks rallied, pre-election.....riiiiight! What about the reality of u.s. debt service at a record unsustainable $2 billion per day on a revolving $2 trillion charge account with ie., China, etc.. The fact that foreclosures are up and that there is projected new trade deficit record, fake government inflation numbers for election year purposes, housing starts down 6% means little to the alice-in-wonderland lunatic frauds of wall street and the so-called pundits including yahoo below. Almost all computerized volume is and must be considered heavy, manipulated, economically wasteful volume [stocks move contrary to rational analytical facts (ie., exceeded lowered expectations, things so bad interest rates can�t rise, exceeded expectations, no earnings but outlook extraordinary, the fed says booo as they print more worthless dollars to finance deficits, etc. ) is money in the bank for the frauds on wall street when they unwind said irrational positions ]. Philadelphia Federal Reserve announces that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, leading economic indicators fall .2%, and previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows with b**l s**t from Yahoo (which didn�t even reference the record unanticipated trade gap):

State Farm to Re-Examine Katrina Claims
AP - State Farm Fire & Casualty Co. will re-examine more than 35,000 policyholder claims filed after Hurricane Katrina and "make millions of dollars available" for additional payments, Mississippi Insurance Commissioner George Dale said Monday.

� Stocks recouped nearly all of last week's losses Monday as investors embraced a round of encouraging M&A news that added to the belief that stocks are oversold on a short-term basis and may have found a bottom. The Dow, S&P 500 and Nasdaq closed up 1.0%, 1.1% and 0.9%, respectively.The biggest news item making waves was confirmation that Barclays PLC (BCS 53.43 -0.07) is in "exclusive preliminary discussions" with ABN Amro (ABN 41.36 +5.12) over a potential blockbuster merger. Such a combination would create a banking powerhouse with a market capitalization of roughly $156 bln.Also helping participants look past recent subprime concerns was a deal involving ServiceMaster's (SVM 15.14 +1.67) decision to go private for $4.7 bln. The 16% premium to Friday's closing stock price renewed enthusiasm for an investment banking group that has been at the heart of our Overweight rating on the Financials sector since September. Morgan Stanley (MS 75.02 +0.61) and Goldman Sachs (GS 202.44 +3.44) acted as financial advisers.Aside from the all-important Financials sector playing an influential role, M&A news also gave the Health Care sector a boost. Community Health Systems (CYH 34.78 -2.02) confirming it will pay $5.1 bln in cash for Triad Hospitals (TRI 51.95 +2.59) - canceling a $4.5 bln private equity bid - kept other hospital names in play as possible takeover targets.The Utilities sector was another bright spot for investors following reports that a Blackstone-led group is looking to trump a record-breaking $32 bln bid for TXU Corp. (TXU 64.28 +1.53). The day's best performing sector today was Energy. Not even a nearly 1% decline in oil prices was enough to attract sellers as bargain hunters, embracing a 2.7% surge in gasoline futures instead, scooped up beaten-down drillers and refiners.A rally in overseas markets, as a falling yen eased liquidity concerns tied to a potential unwinding of the carry trade, also helped restore optimism among investors also weighing the possibility of policy makers softening their language in this week's Fed policy directive. A more balanced approach to monetary policy Wednesday afternoon and improvement in the interest rate outlook would be welcome news, especially since lowered earnings expectations of late restrict the upside potential for equities.Volume on the NYSE just barely exceeding its slowest day of the year, and the lack of participation from transports, a leading economic indicator, diminished some of the excitement, however, behind the day's broad-based bounce. BTK 1.3% DJ30 +115.76 DJTA +0.3% DJUA +1.2% NASDAQ +21.75 SOX -0.6% SP500 +15.11 XOI +1.7% NASDAQ Dec/Adv/Vol 1024/2036/1.69 bln NYSE Dec/Adv/Vol 816/2458/1.37 bln

There is nothing to rationally justify the previous up move or mixed results in the market other than what is tantamount to a negative, and based upon spurious data from the government; ie., fake government numbers said total PPI rose a smaller than expected 0.1% (consensus 0.4%) in July, which was well below the 0.5% jump in June, while the more closely watched core rate (ex-food and energy) unexpectedly (RIIIIIGHT!) fell 0.3% (consensus +0.2%) -- the first decline since October and the largest drop since a 0.5% decline in April 2003. Home Sales Decline in 28 States, D.C.. Real estate prices down/stagnant. But housing stocks�..up.....riiiiight!.....in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down.� Martin Crutsinger, AP Economics Writer, previously wrote,� U.S. Trade Deficit Falls 0.3 Percent in June to $64.8B, Offsetting Jump in Chinese Imports. Dell Recall Stems From sony Production Flaw� WASHINGTON (AP) -- America's trade deficit showed a slight improvement as strong global growth pushed U.S. exports to a record level. That helped offset a surge in Chinese imports and record crude oil prices. The deficit declined 0.3 percent in June, compared with May, dropping to $64.8 billion, still the fifth largest imbalance on record, the Commerce Department reported Thursday. The deficit is running at an annual rate of $768 billion through the first six months of this year, putting the country on track to see a fifth straight record imbalance. Last year's deficit was $716.7 billion. Prior considerations remain apposite in this clearly overvalued market. The frauds on wall street feel compelled to continue their tradition/superstition/fraud tactic of buying on the rumor and selling on the news (fact) of the Fed�s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money.� Yahoo previously commented: Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance....., to which I responded, Wild..... I�ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported and will now join gm in worker buyouts; but both GM and Ford will now offer built-in ipods which should substantially help their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Analyst says GM good news now behind it (past/discounted), yet stock still rose upon said analysis �..riiiiight�.. daaaaah! Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal, maybe even suspension, that has cast a harsh light on Silicon Valley's compensation practices. Don�t forget that GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland lunatic world of wall street is of course good news. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid (approx.) 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it�s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very commissionable (investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $56; yes, as in the last crash, they will get fooled again� as stocks up sharply in the fraudulent alice-in-wonderland lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the pundits/analysts are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley (who also says that in Europe bush�s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the �better than expectations� game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. Spotlight on the Stock Option Scandal-The share prices of companies involved in stock options backdating have held up well compared to the broader market. But shareholders might be in for a rougher ride. Plus, why the Nasdaq has its hands full. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived pearl harbor effect)/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/ and the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what�s up is down and what�s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they�ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin� to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don�t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)

"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006

WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):

The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

(3-16-07) CPI (.4), wholesale (1.3 annualized 15.6), and core (.4) inflation rates far exceed expectations as worthless dollar and massive printing thereof and debt come home to roost, unexpected decline on the Philadelphia Fed's manufacturing index/disappointing NY Empire State Index, commissionable ponzi scheme with borrowed (ie., japan, etc.) and suckers� funds continues,� blowout Q1 earnings report from wall street lunatic frauds goldman sachs (daaaaah!) even as record foreclosure rate and retail sales below expectations, mergers obfuscate dismal picture, retail sales down (they say it�s the weather.....riiiiight.....how about consumer debt at record $2.41 trillion) jobs data from private (as opposed to government) entity below expectations (who would have thunk it!.....riiiiight! But wait; latest government data at expectations and above, revising past data as unemployment rate falls to 4.5%.....and says trade deficit trend changing..... riiiiight!), along with below expectations oil inventories which had spurred oil price rally, while productivity below expectations/wage costs higher and above expectations (very inflationary), no problemo for the lunatic frauds on wall street (what a joke wall street is!) who are maniacal as lunatics suckers short-covering �bear market/higher oil prices/fake economic reports/fed speak rally� (based upon b**l s**t/fake reports even assuming fake growth rate though false, the decline of the fiat currency, the worthless dollar would negate same in real terms) (b.s. contrary to bernanke testimony before congress owing to previous implicit threat of prosecution for false statements)� fueled by b**l s**t alone into the close to suck the suckers in; ie., as the Dow Jones industrial average down 49.27, S&P down 5.33, and NASDAQ down 6.04, all very commissionable on heavy volume, as in final pre-election result push for bush, which fell very short but has provided the same pump-priming of the market as most recently seen in 1999 which ended quite badly even without the exacerbating effects of huge unsustainable and debilitating debt/deficits deferring/delaying/prolonging the inevitable reality even as entire domestic u.s. industries are rendered what is tantamount to defunct and with corporate welfare unwisely spent (war crimes, etc.). Greenspan Warns of Likely U.S. Recession..... FORECLOSURES AT RECORD PACE, retail sales below expectations. TOP INVESTOR, SOROS' PARTNER, SEES U.S. PROPERTY CRASH 3-16-07 Major Mortgage Lender On Bankruptcy's Doorstep... REIT New Century Financial (NEW 3.21, halted at 0).....Everything is hunky doory says financial propaganda minister/comedian paulson (son of pat paulson?) while Moody�s says at least a 10% correction from fraudulent bubble highs is warranted/appropriate (I believe that to be a modest analytical view). Who would you believe? What do you expect a member of a failed administration to say? What�s changed? Nothing, as the frauds on wall street continue their commissionable ponzi scheme with borrowed (ie., japan, etc.) and suckers� funds.� Real estate experts say the pain/damage will exceed that of prior downturns since the great depression.Bernanke responds to recession prediction with b**l s**t (to his small credit he begrudgingly admits to looming fiscal crisis). Top investor, Soros partner sees property crash: 'You can't believe how bad it's going to get'... Manufacturing activity in u.s. up say fake reports (what, paper/worthless dollars/ securities/packaging for imported goods/parts/components, etc.). �BROKERS AT 'TOP-TIER' FIRMS CHARGED IN INSIDER TRADING SCHEME JUST TIP OF THE ICEBERG. New home sales down 17%.....Durables down over seven percent. Are they going to fudge/falsify the GDP revision? Oil rise on US energy inventory data. Stagflation, fake reports understate fundamental weakness, higher oil prices rally. Housing starts down sharply, as investors, domestic and international, dramatically slow purchase of fiat currency/worthless us/dollar denominated stocks and bonds. Record real estate price slump; industrial production/utilization down. Record home price slump. Retail numbers at best (I don�t believe them for a second) just flat; massive layoffs at Chrysler; more government borrowing to paint false facade. Trade deficit up sharply and new record for all of 2006 - $763 billion (the market last rallied with previous month�s improvement, and rallies with worsening, everything else was typical wall street b**l s**t meaning and based on nothing, ie., m&a, upgrade, etc.). Default rates up again. HSBC Holdings, the world's third largest bank, warned that provisions for bad debt will be some 20% higher than previously thought. SEC launch of insider trading (pervasive on fraudulent wall street) probe just tip of the iceberg. Negative savings rate (highest since great depression), factory output down, home inventories highest since last crash, defaults up, gm and ford sales down 17% and 19%, deficits trade/budget, dollar down and going lower, january jobs data weaker than the consensus estimate and below the average gain of 153,000 per month for all of 2006 and viewed as bearish......but no problemo if you�re a lunatic fraud on wall street. Personal Savings at Lowest Point Since 1933-- Great Depression's low. �Fake economic growth report from the administration. Mergers and acquisitions continue to cloud the picture facilitating the fraud. Having beat fraudulent alice-in-wonderland lunatic world of wall street expectations with Record Loss of $12.7 Billion, the rally in Ford�s stock continues..... riiiiight! Fake numbers also a plus. Ford Posts Record Loss of $12.7 Billion.....stock rallies on the news.....riiiiight! P/E ratios far beyond the mean particularly for this stage in the cycle for selected securities (ie., 80+, etc.). Higher oil prices and fake indicators report spark rally.....riiiiight! Report on leading economic indicators is delayed (very unusual unless you understand the greater complexity in fudging same.....not to worry, fans of frauds on wall street.....the lunatic frauds will also get their churn-and-earn commission dollars on the way down).Fed Chairman Bernanke begins to euphemistically discuss reality on capital hill. PAPER: Condo market in DC, Vegas, Miami and Boston has collapsed... Euro displaces dollar in bond markets...13 charged in Wall Street insider trading ring CNN International Higher oil prices and fake numbers spurs rally. More fake job numbers (at best, hamburger helpers, etc.). Foreclosures Rip Neighborhoods in Denver. Yahoo profit falls 61% but rallies 6% on b**l s**t alone. �Insider-Trading Ring Bust in US Fuels Hedge-Fund Concerns. Jawboning by kohn of print-those-worthless-dollars fed raises market.....riiiiight! The ism services index fell, but that was down from an unexpectedly and fake strong read a month earlier, manufacturing index up slightly to 51.4 (they must be counting hamburgers as manufactured goods in u.s......riiiiight!) but fed knows they�ve been printing worthless dollars like mad which of course is hyperinflationary and will come home to roost, along with huge debt/deficits, trade and budget, Stores Report Disappointing Dec. Sales, Gap Woes Deepen in Bleak Holiday Season. Ford and GM auto sales down 13%. More reports in defiance of reality, oil prices up, Dollar Slides...,every intelligent analyst/economist knows that the new home sales number from the government is a total lie that will be revised downward later, that the options scandals are pervasive in fraudulent america (100 investigations just tip of the iceberg), oil stocks continue to rally on lower oil prices, as previously on pipeline explosion in Nigeria, spill in Gulf, and sanctions for Iran, and sharp FALL in oil prices.....riiiiight!.....predictions of disappointing retail sales even with fire-sale discounted prices,..... Highest increase (2%) in 30 years for the wholesale price index, and as well, the core ppi (1.3%), GDP growth less than expected at 2%, dollar sharply lower, oil prices up, building permits down, all unexpectedly bad but great news in the fraudulent alice-in-wonderland lunatic world of wall street. New Record Quarterly Trade Deficit initially spurred lunatic market rally along with obfuscating but very commissionable merger activity. Core inflation a very unexpected unchanged .....riiiiight!.....spurs superstitious, devoid of reality, santa rally.� Investment Banks Post Record 2006 Profit .....daaaaah! Churning and earning on worthless paper, where is that commission dollar coming from even as america has ceded solvency/leadership in every economic measure. Even at the lofty record numbers the indices are worth roughly half their value based on precipitous fall of the dollar in only 5 years with further downside to go. Superstitious �Santa Claus rally�.....riiiiight! High oil price rally.....riiiiight!� Total� bulls**t ! Retail sales up a very unexpected 1%, riiiiight, at the same time inventories of such goods rising substantially (do you think they�re booking sales to �straw men/companies�.....I do!) and oil inventories down. Fake employment numbers (from the government.....riiiiight!) the impetus for previous b.s. rally despite falling sentiment and uptick in unemployment. The ism services index (financed by unsustainable deficit/debt spending and pushing/commissioning worthless paper) and jawboning/bulls**t from the housing industry (the end is near.....riiiiight!), obfuscating mergers continued to cloud the picture, closely-watched core-PCE deflator had risen a more than expected 0.2%, second sub-50 reading on manufacturing activity in as many sessions-the November ISM index unexpectedly fell to 49.5 (consensus 52.0), Chicago PMI fell to its lowest level (49.9%) in October, and below the 50 level, indicating contraction, crude prices up� (OIL PRICES RISE ABOVE $63 A BARREL...), DOLLAR RESUMES SLIDE, Fed Chairman Bernanke & Co. cheerleading/jawboning/bulls**t, 3.2% decline in new home sales, oil inventories down and oil prices up, oil producers shun the dollar, Russia and Opec shift revenues into euros, yen and sterling..., all very bad news anywhere but in the fraudulent alice-in-wonderland world of wall street. Durable goods orders fell sharply, sentiment down, but supposedly used home sales rose slightly (riiiiight.....who says; the realtors/government who have been talking up this bubble market?) albeit at sharply lower prices. DOLLAR PLUNGES TO NEAR 15-YEAR LOW� In other words, no good news to justify the ridiculous up move by the alice-in-wonderland frauds of wall street. Worthless dollar, triple deficits, stock/options scandals/corruption, as some speculate that fed is behind purchases/manipulation (through proxy) of worthless american paper now being shunned by more rational market players abroad.� MARKETS ROCKED BY LONG OVERDUE BUT STILL MODEST RELATIVE TO REALITY SHARP SLIDE IN DOLLAR...There has never been a time since 1929 when stock prices and p/e ratios were so irrationally high for this point in a bull cycle in this indisputable secular bear market, particularly with the existing unprecedented structural economic problems, ie., trade and budget deficits, worthless dollar, scandals, fraud, corruption , etc.. In fact, unemployment unexpectedly rose substantially and consumer sentiment unexpectedly but similarly realistically fell, both very negative exept in the� fraudulent alice-in-wonderland world of wall street. Indeed, the housing bubble bursting with ie., unexpected 14% decline in starts/permits, etc., led to rally in the fraudulent alice-in-wonderland world of wall street. Obfuscating mergers help preclude detection of this massive and pervasive fraud which defies analysis owing to these mergers. New talking pointing: dell numbers exceed expectations depending upon ongoing government scrutiny of their accounting practices.....riiiiight! More contrived manipulated markets and data well as that previous unexpected rise in that global hub of manufacturing activity, New York (worthless paper is their real product, etc.) �..riiiiight!�.. underpins fraudulent up move. Reassuring Fed speak, also known as b**l s**t, along with IPO�s (get the suckers in at the highs as in late 90�s market bubble), and shrugging off pervasive stock/options fraud as at, ie., KB Homes, etc., leave stocks ridiculously higher. Nations leaving the worthless dollar in droves for currencies backed by value and for precious metals. Based on the self-interested statement of typical fraud american and fed rep, we hear once again the wishful thought that housing has bottomed.....right! [Reality/Truth: US housing slump deepens, spreads]. Home depot rallies despite lower than expected results and lower guidance for the year.....right! Who is stupid enough to believe anything the fraudulent criminal americans say. They are printing worthless dollars like mad. Consumer sentiment actually previously fell and there was nothing but wall street lunacy to prop the fraudulent market. The republicans who lockstepped with war criminal dumbya bush deserved to lose. The frauds on wall street now looking for the new corporate welfare program for which to sell the sizzle ie., stem cells, etc.. The know-nothing pundits are now saying the up move without any rational basis is predicated upon the the falsity that gridlock in washington is welcomed and good because no regulation of, ie., fraud on wall street, etc., can be passed. How about a tax on stock trades to come directly from the traders' (traitors/frauds) bottom lines and provide a disincentive for the churn-and-earn fraud which is tantamount to a wasteful tax on the economy. Even token Christian paulison from jew fraud wall street couldn't stem the tide against the blatent zionist/neocon/bush co failure accross the board as the wall street frauds show record profits financed, albeit indirectly, by huge deficits, both trade and budget. Obfuscating mergers blur the picture to provide cover for up move talking points in defiance of reality.� Stagflation and full employment revisions pre-election.....riiiiight. Productivity comes in at a less than expected 0 (inflationary). The only surprise should have been that the number wasn't negative. The pundits are now saying that the market/wall street fraud is in a state of denial regarding economic fundamentals and that the market is substantially overbought, overvalued, overfrauded, over, etc., the manufacturing index coming in lower than expectations. Consumer sentiment unexpectedly fell.....daaaaah. Pre-election core inflation rate report good �..riiiiight�..but savings rate still negative and walmart sales/profits/outlook substantially below expectations but what the heck, they�re wallstreet lunatics/frauds and reality is no problem. Despite pre-election deficit spending, GNP comes in a less than expected paltry 1.6% increase with worthless falling dollar the catch-22 precluding reality avoidance and the worst yet to come. More nations leaving the worthless dollar as reserve currency even as frauds on wall street reach new highs (What are they smoking? Coking? or like the dollar just cracking) based on corporate welfare flows with money the nation doesn't have pre-election (record deficits). Housing prices continue their sharp decline as bubble deflates. GM only lost 115 million. Ford lost 5.8 billion and must restate earnings back to year 2000 is a bullish sign in the fraudulent alice-in-wonderland lunatic world of wall street. Typical pre-fed meeting rally to provide a cushion for any negative pronouncements which reality would require but are seldom forthcoming by the accommodative frauds who have similarly embraced unreality. Indeed, the gutless wimps of wall street think they're "tough" when they fraudulently take the market higher despite a clearly contrary fact based reality. Caterpillar relates the pervasive reality and the frauds on wallstreet intimidate same with sell off, ignoring pervasive options scandal/fraud and rallies Merck despite lower than expectation results.....riiiiight! Election year corporate welfare to prime the pump and the mock stock market with money the nation doesn�t have (increasing already huge deficits). CPI figures (upon which government inflation adjusted payment obligations are based) lower than expected�..riiiiight! Intel earnings/revenues down sharply but according to the lunatic frauds on wall street, beat expectations and stock rallies along with yahoo which as in the pre-dot com bust days says better days are a coming�.. riiiiight Core inflation rate which is closely watched by the Fed exceeds all expectations. Fraud Merrill Lynch has really been pushing and commissioning that worthless paper and reports record earnings, despite having produced nothing and for very little if any value added (that ill-gotten money has to come from somewhere-your pockets?). The big economic report awaiting scrutiny was the monthly trade deficit which was expected to narrow but in fact INCREASED to 69.9 billion. The alice-in-wonderland lunatic wall street frauds rallied on the news as the dollar precipitously fell. The Fed Chairman said there is a "substantial correction" in housing, which will probably shave about 1% off growth in the second half of the year. The Institute of Supply Management said its services index fell to 52.9 in September -- the lowest level since April 2003. Great News�.. riiiiight!..... Consumer Confidence Higher Than Expected... riiiiight!..... and housing starts were down sharply but not-as-bad-as-expectations game in play US Existing Home Sales Fall 0.5% in August; Sales Price Drops Existing-home prices fall for 1st time in 11 years along with fed jaw-boning pre-election that inflation has been licked .....riiiiight �..despite printing worthless dollars like they�re going out of style because they really are! Fed did nothing and stocks rallied, pre-election.....riiiiight! What about the reality of u.s. debt service at a record unsustainable $2 billion per day on a revolving $2 trillion charge account with ie., China, etc.. The fact that foreclosures are up and that there is projected new trade deficit record, fake government inflation numbers for election year purposes, housing starts down 6% means little to the alice-in-wonderland lunatic frauds of wall street and the so-called pundits including yahoo below. Almost all computerized volume is and must be considered heavy, manipulated, economically wasteful volume [stocks move contrary to rational analytical facts (ie., exceeded lowered expectations, things so bad interest rates can�t rise, exceeded expectations, no earnings but outlook extraordinary, the fed says booo as they print more worthless dollars to finance deficits, etc. ) is money in the bank for the frauds on wall street when they unwind said irrational positions ]. Philadelphia Federal Reserve announces that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, leading economic indicators fall .2%, and previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows with b**l s**t from Yahoo (which didn�t even reference the record unanticipated trade gap):

Yahoo Not Available

There is nothing to rationally justify the previous up move or mixed results in the market other than what is tantamount to a negative, and based upon spurious data from the government; ie., fake government numbers said total PPI rose a smaller than expected 0.1% (consensus 0.4%) in July, which was well below the 0.5% jump in June, while the more closely watched core rate (ex-food and energy) unexpectedly (RIIIIIGHT!) fell 0.3% (consensus +0.2%) -- the first decline since October and the largest drop since a 0.5% decline in April 2003. Home Sales Decline in 28 States, D.C.. Real estate prices down/stagnant. But housing stocks�..up.....riiiiight!.....in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down.� Martin Crutsinger, AP Economics Writer, previously wrote,� U.S. Trade Deficit Falls 0.3 Percent in June to $64.8B, Offsetting Jump in Chinese Imports. Dell Recall Stems From sony Production Flaw� WASHINGTON (AP) -- America's trade deficit showed a slight improvement as strong global growth pushed U.S. exports to a record level. That helped offset a surge in Chinese imports and record crude oil prices. The deficit declined 0.3 percent in June, compared with May, dropping to $64.8 billion, still the fifth largest imbalance on record, the Commerce Department reported Thursday. The deficit is running at an annual rate of $768 billion through the first six months of this year, putting the country on track to see a fifth straight record imbalance. Last year's deficit was $716.7 billion. Prior considerations remain apposite in this clearly overvalued market. The frauds on wall street feel compelled to continue their tradition/superstition/fraud tactic of buying on the rumor and selling on the news (fact) of the Fed�s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money.� Yahoo previously commented: Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance....., to which I responded, Wild..... I�ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported and will now join gm in worker buyouts; but both GM and Ford will now offer built-in ipods which should substantially help their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Analyst says GM good news now behind it (past/discounted), yet stock still rose upon said analysis �..riiiiight�.. daaaaah! Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal, maybe even suspension, that has cast a harsh light on Silicon Valley's compensation practices. Don�t forget that GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland lunatic world of wall street is of course good news. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid (approx.) 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it�s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very commissionable (investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $57; yes, as in the last crash, they will get fooled again� as stocks up sharply in the fraudulent alice-in-wonderland lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the pundits/analysts are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley (who also says that in Europe bush�s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the �better than expectations� game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. Spotlight on the Stock Option Scandal-The share prices of companies involved in stock options backdating have held up well compared to the broader market. But shareholders might be in for a rougher ride. Plus, why the Nasdaq has its hands full. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived pearl harbor effect)/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/ and the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what�s up is down and what�s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they�ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin� to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don�t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)

"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006

WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):

The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

(3-15-07) Wholesale (1.3 annualized 15.6)� and core (.4) inflation rates far exceed expectations as worthless dollar and massive printing thereof and debt come home to roost, unexpected decline on the Philadelphia Fed's manufacturing index/disappointing NY Empire State Index, commissionable ponzi scheme with borrowed (ie., japan, etc.) and suckers� funds continues,� blowout Q1 earnings report from wall street lunatic frauds goldman sachs (daaaaah!) even as record foreclosure rate and retail sales below expectations, mergers obfuscate dismal picture, retail sales down (they say it�s the weather.....riiiiight.....how about consumer debt at record $2.41 trillion) jobs data from private (as opposed to government) entity below expectations (who would have thunk it!.....riiiiight! But wait; latest government data at expectations and above, revising past data as unemployment rate falls to 4.5%.....and says trade deficit trend changing..... riiiiight!), along with below expectations oil inventories which had spurred oil price rally, while productivity below expectations/wage costs higher and above expectations (very inflationary), no problemo for the lunatic frauds on wall street (what a joke wall street is!) who are maniacal as lunatics suckers short-covering �bear market/higher oil prices/fake economic reports/fed speak rally� (based upon b**l s**t/fake reports even assuming fake growth rate though false, the decline of the fiat currency, the worthless dollar would negate same in real terms) (b.s. contrary to bernanke testimony before congress owing to previous implicit threat of prosecution for false statements)� fueled by b**l s**t alone into the close to suck the suckers in; ie., as the Dow Jones industrial average up 26.28, S&P up 5.11, and NASDAQ up 6.96, all very commissionable on heavy volume, as in final pre-election result push for bush, which fell very short but has provided the same pump-priming of the market as most recently seen in 1999 which ended quite badly even without the exacerbating effects of huge unsustainable and debilitating debt/deficits deferring/delaying/prolonging the inevitable reality even as entire domestic u.s. industries are rendered what is tantamount to defunct and with corporate welfare unwisely spent (war crimes, etc.). Greenspan Warns of Likely U.S. Recession..... FORECLOSURES AT RECORD PACE, retail sales below expectations. Major Mortgage Lender On Bankruptcy's Doorstep... REIT New Century Financial (NEW 3.21, halted at 0).....Everything is hunky doory says financial propaganda minister/comedian paulson (son of pat paulson?) while Moody�s says at least a 10% correction from fraudulent bubble highs is warranted/appropriate (I believe that to be a modest analytical view). Who would you believe? What do you expect a member of a failed administration to say? What�s changed? Nothing, as the frauds on wall street continue their commissionable ponzi scheme with borrowed (ie., japan, etc.) and suckers� funds.� Real estate experts say the pain/damage will exceed that of prior downturns since the great depression.Bernanke responds to recession prediction with b**l s**t (to his small credit he begrudgingly admits to looming fiscal crisis). Manufacturing activity in u.s. up say fake reports (what, paper/worthless dollars/ securities/packaging for imported goods/parts/components, etc.). �BROKERS AT 'TOP-TIER' FIRMS CHARGED IN INSIDER TRADING SCHEME JUST TIP OF THE ICEBERG. New home sales down 17%.....Durables down over seven percent. Are they going to fudge/falsify the GDP revision? Oil rise on US energy inventory data. Stagflation, fake reports understate fundamental weakness, higher oil prices rally. Housing starts down sharply, as investors, domestic and international, dramatically slow purchase of fiat currency/worthless us/dollar denominated stocks and bonds. Record real estate price slump; industrial production/utilization down. Record home price slump. Retail numbers at best (I don�t believe them for a second) just flat; massive layoffs at Chrysler; more government borrowing to paint false facade. Trade deficit up sharply and new record for all of 2006 - $763 billion (the market last rallied with previous month�s improvement, and rallies with worsening, everything else was typical wall street b**l s**t meaning and based on nothing, ie., m&a, upgrade, etc.). Default rates up again. HSBC Holdings, the world's third largest bank, warned that provisions for bad debt will be some 20% higher than previously thought. SEC launch of insider trading (pervasive on fraudulent wall street) probe just tip of the iceberg. Negative savings rate (highest since great depression), factory output down, home inventories highest since last crash, defaults up, gm and ford sales down 17% and 19%, deficits trade/budget, dollar down and going lower, january jobs data weaker than the consensus estimate and below the average gain of 153,000 per month for all of 2006 and viewed as bearish......but no problemo if you�re a lunatic fraud on wall street. Personal Savings at Lowest Point Since 1933-- Great Depression's low. �Fake economic growth report from the administration. Mergers and acquisitions continue to cloud the picture facilitating the fraud. Having beat fraudulent alice-in-wonderland lunatic world of wall street expectations with Record Loss of $12.7 Billion, the rally in Ford�s stock continues..... riiiiight! Fake numbers also a plus. Ford Posts Record Loss of $12.7 Billion.....stock rallies on the news.....riiiiight! P/E ratios far beyond the mean particularly for this stage in the cycle for selected securities (ie., 80+, etc.). Higher oil prices and fake indicators report spark rally.....riiiiight! Report on leading economic indicators is delayed (very unusual unless you understand the greater complexity in fudging same.....not to worry, fans of frauds on wall street.....the lunatic frauds will also get their churn-and-earn commission dollars on the way down).Fed Chairman Bernanke begins to euphemistically discuss reality on capital hill. PAPER: Condo market in DC, Vegas, Miami and Boston has collapsed... Euro displaces dollar in bond markets...13 charged in Wall Street insider trading ring CNN International Higher oil prices and fake numbers spurs rally. More fake job numbers (at best, hamburger helpers, etc.). Foreclosures Rip Neighborhoods in Denver. Yahoo profit falls 61% but rallies 6% on b**l s**t alone. �Insider-Trading Ring Bust in US Fuels Hedge-Fund Concerns. Jawboning by kohn of print-those-worthless-dollars fed raises market.....riiiiight! The ism services index fell, but that was down from an unexpectedly and fake strong read a month earlier, manufacturing index up slightly to 51.4 (they must be counting hamburgers as manufactured goods in u.s......riiiiight!) but fed knows they�ve been printing worthless dollars like mad which of course is hyperinflationary and will come home to roost, along with huge debt/deficits, trade and budget, Stores Report Disappointing Dec. Sales, Gap Woes Deepen in Bleak Holiday Season. Ford and GM auto sales down 13%. More reports in defiance of reality, oil prices up, Dollar Slides...,every intelligent analyst/economist knows that the new home sales number from the government is a total lie that will be revised downward later, that the options scandals are pervasive in fraudulent america (100 investigations just tip of the iceberg), oil stocks continue to rally on lower oil prices, as previously on pipeline explosion in Nigeria, spill in Gulf, and sanctions for Iran, and sharp FALL in oil prices.....riiiiight!.....predictions of disappointing retail sales even with fire-sale discounted prices,..... Highest increase (2%) in 30 years for the wholesale price index, and as well, the core ppi (1.3%), GDP growth less than expected at 2%, dollar sharply lower, oil prices up, building permits down, all unexpectedly bad but great news in the fraudulent alice-in-wonderland lunatic world of wall street. New Record Quarterly Trade Deficit initially spurred lunatic market rally along with obfuscating but very commissionable merger activity. Core inflation a very unexpected unchanged .....riiiiight!.....spurs superstitious, devoid of reality, santa rally.� Investment Banks Post Record 2006 Profit .....daaaaah! Churning and earning on worthless paper, where is that commission dollar coming from even as america has ceded solvency/leadership in every economic measure. Even at the lofty record numbers the indices are worth roughly half their value based on precipitous fall of the dollar in only 5 years with further downside to go. Superstitious �Santa Claus rally�.....riiiiight! High oil price rally.....riiiiight!� Total� bulls**t ! Retail sales up a very unexpected 1%, riiiiight, at the same time inventories of such goods rising substantially (do you think they�re booking sales to �straw men/companies�.....I do!) and oil inventories down. Fake employment numbers (from the government.....riiiiight!) the impetus for previous b.s. rally despite falling sentiment and uptick in unemployment. The ism services index (financed by unsustainable deficit/debt spending and pushing/commissioning worthless paper) and jawboning/bulls**t from the housing industry (the end is near.....riiiiight!), obfuscating mergers continued to cloud the picture, closely-watched core-PCE deflator had risen a more than expected 0.2%, second sub-50 reading on manufacturing activity in as many sessions-the November ISM index unexpectedly fell to 49.5 (consensus 52.0), Chicago PMI fell to its lowest level (49.9%) in October, and below the 50 level, indicating contraction, crude prices up� (OIL PRICES RISE ABOVE $63 A BARREL...), DOLLAR RESUMES SLIDE, Fed Chairman Bernanke & Co. cheerleading/jawboning/bulls**t, 3.2% decline in new home sales, oil inventories down and oil prices up, oil producers shun the dollar, Russia and Opec shift revenues into euros, yen and sterling..., all very bad news anywhere but in the fraudulent alice-in-wonderland world of wall street. Durable goods orders fell sharply, sentiment down, but supposedly used home sales rose slightly (riiiiight.....who says; the realtors/government who have been talking up this bubble market?) albeit at sharply lower prices. DOLLAR PLUNGES TO NEAR 15-YEAR LOW� In other words, no good news to justify the ridiculous up move by the alice-in-wonderland frauds of wall street. Worthless dollar, triple deficits, stock/options scandals/corruption, as some speculate that fed is behind purchases/manipulation (through proxy) of worthless american paper now being shunned by more rational market players abroad.� MARKETS ROCKED BY LONG OVERDUE BUT STILL MODEST RELATIVE TO REALITY SHARP SLIDE IN DOLLAR...There has never been a time since 1929 when stock prices and p/e ratios were so irrationally high for this point in a bull cycle in this indisputable secular bear market, particularly with the existing unprecedented structural economic problems, ie., trade and budget deficits, worthless dollar, scandals, fraud, corruption , etc.. In fact, unemployment unexpectedly rose substantially and consumer sentiment unexpectedly but similarly realistically fell, both very negative exept in the� fraudulent alice-in-wonderland world of wall street. Indeed, the housing bubble bursting with ie., unexpected 14% decline in starts/permits, etc., led to rally in the fraudulent alice-in-wonderland world of wall street. Obfuscating mergers help preclude detection of this massive and pervasive fraud which defies analysis owing to these mergers. New talking pointing: dell numbers exceed expectations depending upon ongoing government scrutiny of their accounting practices.....riiiiight! More contrived manipulated markets and data well as that previous unexpected rise in that global hub of manufacturing activity, New York (worthless paper is their real product, etc.) �..riiiiight!�.. underpins fraudulent up move. Reassuring Fed speak, also known as b**l s**t, along with IPO�s (get the suckers in at the highs as in late 90�s market bubble), and shrugging off pervasive stock/options fraud as at, ie., KB Homes, etc., leave stocks ridiculously higher. Nations leaving the worthless dollar in droves for currencies backed by value and for precious metals. Based on the self-interested statement of typical fraud american and fed rep, we hear once again the wishful thought that housing has bottomed.....right! [Reality/Truth: US housing slump deepens, spreads]. Home depot rallies despite lower than expected results and lower guidance for the year.....right! Who is stupid enough to believe anything the fraudulent criminal americans say. They are printing worthless dollars like mad. Consumer sentiment actually previously fell and there was nothing but wall street lunacy to prop the fraudulent market. The republicans who lockstepped with war criminal dumbya bush deserved to lose. The frauds on wall street now looking for the new corporate welfare program for which to sell the sizzle ie., stem cells, etc.. The know-nothing pundits are now saying the up move without any rational basis is predicated upon the the falsity that gridlock in washington is welcomed and good because no regulation of, ie., fraud on wall street, etc., can be passed. How about a tax on stock trades to come directly from the traders' (traitors/frauds) bottom lines and provide a disincentive for the churn-and-earn fraud which is tantamount to a wasteful tax on the economy. Even token Christian paulison from jew fraud wall street couldn't stem the tide against the blatent zionist/neocon/bush co failure accross the board as the wall street frauds show record profits financed, albeit indirectly, by huge deficits, both trade and budget. Obfuscating mergers blur the picture to provide cover for up move talking points in defiance of reality.� Stagflation and full employment revisions pre-election.....riiiiight. Productivity comes in at a less than expected 0 (inflationary). The only surprise should have been that the number wasn't negative. The pundits are now saying that the market/wall street fraud is in a state of denial regarding economic fundamentals and that the market is substantially overbought, overvalued, overfrauded, over, etc., the manufacturing index coming in lower than expectations. Consumer sentiment unexpectedly fell.....daaaaah. Pre-election core inflation rate report good �..riiiiight�..but savings rate still negative and walmart sales/profits/outlook substantially below expectations but what the heck, they�re wallstreet lunatics/frauds and reality is no problem. Despite pre-election deficit spending, GNP comes in a less than expected paltry 1.6% increase with worthless falling dollar the catch-22 precluding reality avoidance and the worst yet to come. More nations leaving the worthless dollar as reserve currency even as frauds on wall street reach new highs (What are they smoking? Coking? or like the dollar just cracking) based on corporate welfare flows with money the nation doesn't have pre-election (record deficits). Housing prices continue their sharp decline as bubble deflates. GM only lost 115 million. Ford lost 5.8 billion and must restate earnings back to year 2000 is a bullish sign in the fraudulent alice-in-wonderland lunatic world of wall street. Typical pre-fed meeting rally to provide a cushion for any negative pronouncements which reality would require but are seldom forthcoming by the accommodative frauds who have similarly embraced unreality. Indeed, the gutless wimps of wall street think they're "tough" when they fraudulently take the market higher despite a clearly contrary fact based reality. Caterpillar relates the pervasive reality and the frauds on wallstreet intimidate same with sell off, ignoring pervasive options scandal/fraud and rallies Merck despite lower than expectation results.....riiiiight! Election year corporate welfare to prime the pump and the mock stock market with money the nation doesn�t have (increasing already huge deficits). CPI figures (upon which government inflation adjusted payment obligations are based) lower than expected�..riiiiight! Intel earnings/revenues down sharply but according to the lunatic frauds on wall street, beat expectations and stock rallies along with yahoo which as in the pre-dot com bust days says better days are a coming�.. riiiiight Core inflation rate which is closely watched by the Fed exceeds all expectations. Fraud Merrill Lynch has really been pushing and commissioning that worthless paper and reports record earnings, despite having produced nothing and for very little if any value added (that ill-gotten money has to come from somewhere-your pockets?). The big economic report awaiting scrutiny was the monthly trade deficit which was expected to narrow but in fact INCREASED to 69.9 billion. The alice-in-wonderland lunatic wall street frauds rallied on the news as the dollar precipitously fell. The Fed Chairman said there is a "substantial correction" in housing, which will probably shave about 1% off growth in the second half of the year. The Institute of Supply Management said its services index fell to 52.9 in September -- the lowest level since April 2003. Great News�.. riiiiight!..... Consumer Confidence Higher Than Expected... riiiiight!..... and housing starts were down sharply but not-as-bad-as-expectations game in play US Existing Home Sales Fall 0.5% in August; Sales Price Drops Existing-home prices fall for 1st time in 11 years along with fed jaw-boning pre-election that inflation has been licked .....riiiiight �..despite printing worthless dollars like they�re going out of style because they really are! Fed did nothing and stocks rallied, pre-election.....riiiiight! What about the reality of u.s. debt service at a record unsustainable $2 billion per day on a revolving $2 trillion charge account with ie., China, etc.. The fact that foreclosures are up and that there is projected new trade deficit record, fake government inflation numbers for election year purposes, housing starts down 6% means little to the alice-in-wonderland lunatic frauds of wall street and the so-called pundits including yahoo below. Almost all computerized volume is and must be considered heavy, manipulated, economically wasteful volume [stocks move contrary to rational analytical facts (ie., exceeded lowered expectations, things so bad interest rates can�t rise, exceeded expectations, no earnings but outlook extraordinary, the fed says booo as they print more worthless dollars to finance deficits, etc. ) is money in the bank for the frauds on wall street when they unwind said irrational positions ]. Philadelphia Federal Reserve announces that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, leading economic indicators fall .2%, and previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows with b**l s**t from Yahoo (which didn�t even reference the record unanticipated trade gap):

There is nothing to rationally justify the previous up move or mixed results in the market other than what is tantamount to a negative, and based upon spurious data from the government; ie., fake government numbers said total PPI rose a smaller than expected 0.1% (consensus 0.4%) in July, which was well below the 0.5% jump in June, while the more closely watched core rate (ex-food and energy) unexpectedly (RIIIIIGHT!) fell 0.3% (consensus +0.2%) -- the first decline since October and the largest drop since a 0.5% decline in April 2003. Home Sales Decline in 28 States, D.C.. Real estate prices down/stagnant. But housing stocks�..up.....riiiiight!.....in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down.� Martin Crutsinger, AP Economics Writer, previously wrote,� U.S. Trade Deficit Falls 0.3 Percent in June to $64.8B, Offsetting Jump in Chinese Imports. Dell Recall Stems From sony Production Flaw� WASHINGTON (AP) -- America's trade deficit showed a slight improvement as strong global growth pushed U.S. exports to a record level. That helped offset a surge in Chinese imports and record crude oil prices. The deficit declined 0.3 percent in June, compared with May, dropping to $64.8 billion, still the fifth largest imbalance on record, the Commerce Department reported Thursday. The deficit is running at an annual rate of $768 billion through the first six months of this year, putting the country on track to see a fifth straight record imbalance. Last year's deficit was $716.7 billion. Prior considerations remain apposite in this clearly overvalued market. The frauds on wall street feel compelled to continue their tradition/superstition/fraud tactic of buying on the rumor and selling on the news (fact) of the Fed�s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money.� Yahoo previously commented: Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance....., to which I responded, Wild..... I�ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported and will now join gm in worker buyouts; but both GM and Ford will now offer built-in ipods which should substantially help their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Analyst says GM good news now behind it (past/discounted), yet stock still rose upon said analysis �..riiiiight�.. daaaaah! Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal, maybe even suspension, that has cast a harsh light on Silicon Valley's compensation practices. Don�t forget that GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland lunatic world of wall street is of course good news. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid (approx.) 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it�s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very commissionable (investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $58; yes, as in the last crash, they will get fooled again� as stocks up sharply in the fraudulent alice-in-wonderland lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the pundits/analysts are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley (who also says that in Europe bush�s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the �better than expectations� game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. Spotlight on the Stock Option Scandal-The share prices of companies involved in stock options backdating have held up well compared to the broader market. But shareholders might be in for a rougher ride. Plus, why the Nasdaq has its hands full. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived pearl harbor effect)/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/ and the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what�s up is down and what�s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they�ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin� to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don�t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)

"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006

WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):

The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

(3-14-07) Commissionable ponzi scheme with borrowed (ie., japan, etc.) and suckers� funds continues, blowout Q1 earnings report from wall street lunatic frauds goldman sachs (daaaaah!) even as record foreclosure rate and retail sales below expectations, mergers obfuscate dismal picture, retail sales down (they say it�s the weather.....riiiiight.....how about consumer debt at record $2.41 trillion) jobs data from private (as opposed to government) entity below expectations (who would have thunk it!.....riiiiight! But wait; latest government data at expectations and above, revising past data as unemployment rate falls to 4.5%.....and says trade deficit trend changing..... riiiiight!), along with below expectations oil inventories which had spurred oil price rally, while productivity below expectations/wage costs higher and above expectations (very inflationary), no problemo for the lunatic frauds on wall street (what a joke wall street is!) who are maniacal as lunatics suckers short-covering �bear market/higher oil prices/fake economic reports/fed speak rally� (based upon b**l s**t/fake reports even assuming fake growth rate though false, the decline of the fiat currency, the worthless dollar would negate same in real terms) (b.s. contrary to bernanke testimony before congress owing to previous implicit threat of prosecution for false statements)� fueled by b**l s**t alone into the close to suck the suckers in; ie., as the Dow Jones industrial average up 57.44, S&P up 9.22, and NASDAQ up 21.17, all very commissionable on heavy volume, as in final pre-election result push for bush, which fell very short but has provided the same pump-priming of the market as most recently seen in 1999 which ended quite badly even without the exacerbating effects of huge unsustainable and debilitating debt/deficits deferring/delaying/prolonging the inevitable reality even as entire domestic u.s. industries are rendered what is tantamount to defunct and with corporate welfare unwisely spent (war crimes, etc.). Greenspan Warns of Likely U.S. Recession..... FORECLOSURES AT RECORD PACE, retail sales below expectations. Major Mortgage Lender On Bankruptcy's Doorstep... REIT New Century Financial (NEW 3.21, halted at 0).....Everything is hunky doory says financial propaganda minister/comedian paulson (son of pat paulson?) while Moody�s says at least a 10% correction from fraudulent bubble highs is warranted/appropriate (I believe that to be a modest analytical view). Who would you believe? What do you expect a member of a failed administration to say? What�s changed? Nothing, as the frauds on wall street continue their commissionable ponzi scheme with borrowed (ie., japan, etc.) and suckers� funds.� Real estate experts say the pain/damage will exceed that of prior downturns since the great depression.Bernanke responds to recession prediction with b**l s**t (to his small credit he begrudgingly admits to looming fiscal crisis). Manufacturing activity in u.s. up say fake reports (what, paper/worthless dollars/ securities/packaging for imported goods/parts/components, etc.). �BROKERS AT 'TOP-TIER' FIRMS CHARGED IN INSIDER TRADING SCHEME JUST TIP OF THE ICEBERG. New home sales down 17%.....Durables down over seven percent. Are they going to fudge/falsify the GDP revision? Oil rise on US energy inventory data. Stagflation, fake reports understate fundamental weakness, higher oil prices rally. Housing starts down sharply, as investors, domestic and international, dramatically slow purchase of fiat currency/worthless us/dollar denominated stocks and bonds. Record real estate price slump; industrial production/utilization down. Record home price slump. Retail numbers at best (I don�t believe them for a second) just flat; massive layoffs at Chrysler; more government borrowing to paint false facade. Trade deficit up sharply and new record for all of 2006 - $763 billion (the market last rallied with previous month�s improvement, and rallies with worsening, everything else was typical wall street b**l s**t meaning and based on nothing, ie., m&a, upgrade, etc.). Default rates up again. HSBC Holdings, the world's third largest bank, warned that provisions for bad debt will be some 20% higher than previously thought. SEC launch of insider trading (pervasive on fraudulent wall street) probe just tip of the iceberg. Negative savings rate (highest since great depression), factory output down, home inventories highest since last crash, defaults up, gm and ford sales down 17% and 19%, deficits trade/budget, dollar down and going lower, january jobs data weaker than the consensus estimate and below the average gain of 153,000 per month for all of 2006 and viewed as bearish......but no problemo if you�re a lunatic fraud on wall street. Personal Savings at Lowest Point Since 1933-- Great Depression's low. �Fake economic growth report from the administration. Mergers and acquisitions continue to cloud the picture facilitating the fraud. Having beat fraudulent alice-in-wonderland lunatic world of wall street expectations with Record Loss of $12.7 Billion, the rally in Ford�s stock continues..... riiiiight! Fake numbers also a plus. Ford Posts Record Loss of $12.7 Billion.....stock rallies on the news.....riiiiight! P/E ratios far beyond the mean particularly for this stage in the cycle for selected securities (ie., 80+, etc.). Higher oil prices and fake indicators report spark rally.....riiiiight! Report on leading economic indicators is delayed (very unusual unless you understand the greater complexity in fudging same.....not to worry, fans of frauds on wall street.....the lunatic frauds will also get their churn-and-earn commission dollars on the way down).Fed Chairman Bernanke begins to euphemistically discuss reality on capital hill. PAPER: Condo market in DC, Vegas, Miami and Boston has collapsed... Euro displaces dollar in bond markets...13 charged in Wall Street insider trading ring CNN International Higher oil prices and fake numbers spurs rally. More fake job numbers (at best, hamburger helpers, etc.). Foreclosures Rip Neighborhoods in Denver. Yahoo profit falls 61% but rallies 6% on b**l s**t alone. �Insider-Trading Ring Bust in US Fuels Hedge-Fund Concerns. Jawboning by kohn of print-those-worthless-dollars fed raises market.....riiiiight! The ism services index fell, but that was down from an unexpectedly and fake strong read a month earlier, manufacturing index up slightly to 51.4 (they must be counting hamburgers as manufactured goods in u.s......riiiiight!) but fed knows they�ve been printing worthless dollars like mad which of course is hyperinflationary and will come home to roost, along with huge debt/deficits, trade and budget, Stores Report Disappointing Dec. Sales, Gap Woes Deepen in Bleak Holiday Season. Ford and GM auto sales down 13%. More reports in defiance of reality, oil prices up, Dollar Slides...,every intelligent analyst/economist knows that the new home sales number from the government is a total lie that will be revised downward later, that the options scandals are pervasive in fraudulent america (100 investigations just tip of the iceberg), oil stocks continue to rally on lower oil prices, as previously on pipeline explosion in Nigeria, spill in Gulf, and sanctions for Iran, and sharp FALL in oil prices.....riiiiight!.....predictions of disappointing retail sales even with fire-sale discounted prices,..... Highest increase (2%) in 30 years for the wholesale price index, and as well, the core ppi (1.3%), GDP growth less than expected at 2%, dollar sharply lower, oil prices up, building permits down, all unexpectedly bad but great news in the fraudulent alice-in-wonderland lunatic world of wall street. New Record Quarterly Trade Deficit initially spurred lunatic market rally along with obfuscating but very commissionable merger activity. Core inflation a very unexpected unchanged .....riiiiight!.....spurs superstitious, devoid of reality, santa rally.� Investment Banks Post Record 2006 Profit .....daaaaah! Churning and earning on worthless paper, where is that commission dollar coming from even as america has ceded solvency/leadership in every economic measure. Even at the lofty record numbers the indices are worth roughly half their value based on precipitous fall of the dollar in only 5 years with further downside to go. Superstitious �Santa Claus rally�.....riiiiight! High oil price rally.....riiiiight!� Total� bulls**t ! Retail sales up a very unexpected 1%, riiiiight, at the same time inventories of such goods rising substantially (do you think they�re booking sales to �straw men/companies�.....I do!) and oil inventories down. Fake employment numbers (from the government.....riiiiight!) the impetus for previous b.s. rally despite falling sentiment and uptick in unemployment. The ism services index (financed by unsustainable deficit/debt spending and pushing/commissioning worthless paper) and jawboning/bulls**t from the housing industry (the end is near.....riiiiight!), obfuscating mergers continued to cloud the picture, closely-watched core-PCE deflator had risen a more than expected 0.2%, second sub-50 reading on manufacturing activity in as many sessions-the November ISM index unexpectedly fell to 49.5 (consensus 52.0), Chicago PMI fell to its lowest level (49.9%) in October, and below the 50 level, indicating contraction, crude prices up� (OIL PRICES RISE ABOVE $63 A BARREL...), DOLLAR RESUMES SLIDE, Fed Chairman Bernanke & Co. cheerleading/jawboning/bulls**t, 3.2% decline in new home sales, oil inventories down and oil prices up, oil producers shun the dollar, Russia and Opec shift revenues into euros, yen and sterling..., all very bad news anywhere but in the fraudulent alice-in-wonderland world of wall street. Durable goods orders fell sharply, sentiment down, but supposedly used home sales rose slightly (riiiiight.....who says; the realtors/government who have been talking up this bubble market?) albeit at sharply lower prices. DOLLAR PLUNGES TO NEAR 15-YEAR LOW� In other words, no good news to justify the ridiculous up move by the alice-in-wonderland frauds of wall street. Worthless dollar, triple deficits, stock/options scandals/corruption, as some speculate that fed is behind purchases/manipulation (through proxy) of worthless american paper now being shunned by more rational market players abroad.� MARKETS ROCKED BY LONG OVERDUE BUT STILL MODEST RELATIVE TO REALITY SHARP SLIDE IN DOLLAR...There has never been a time since 1929 when stock prices and p/e ratios were so irrationally high for this point in a bull cycle in this indisputable secular bear market, particularly with the existing unprecedented structural economic problems, ie., trade and budget deficits, worthless dollar, scandals, fraud, corruption , etc.. In fact, unemployment unexpectedly rose substantially and consumer sentiment unexpectedly but similarly realistically fell, both very negative exept in the� fraudulent alice-in-wonderland world of wall street. Indeed, the housing bubble bursting with ie., unexpected 14% decline in starts/permits, etc., led to rally in the fraudulent alice-in-wonderland world of wall street. Obfuscating mergers help preclude detection of this massive and pervasive fraud which defies analysis owing to these mergers. New talking pointing: dell numbers exceed expectations depending upon ongoing government scrutiny of their accounting practices.....riiiiight! More contrived manipulated markets and data well as that previous unexpected rise in that global hub of manufacturing activity, New York (worthless paper is their real product, etc.) �..riiiiight!�.. underpins fraudulent up move. Reassuring Fed speak, also known as b**l s**t, along with IPO�s (get the suckers in at the highs as in late 90�s market bubble), and shrugging off pervasive stock/options fraud as at, ie., KB Homes, etc., leave stocks ridiculously higher. Nations leaving the worthless dollar in droves for currencies backed by value and for precious metals. Based on the self-interested statement of typical fraud american and fed rep, we hear once again the wishful thought that housing has bottomed.....right! [Reality/Truth: US housing slump deepens, spreads]. Home depot rallies despite lower than expected results and lower guidance for the year.....right! Who is stupid enough to believe anything the fraudulent criminal americans say. They are printing worthless dollars like mad. Consumer sentiment actually previously fell and there was nothing but wall street lunacy to prop the fraudulent market. The republicans who lockstepped with war criminal dumbya bush deserved to lose. The frauds on wall street now looking for the new corporate welfare program for which to sell the sizzle ie., stem cells, etc.. The know-nothing pundits are now saying the up move without any rational basis is predicated upon the the falsity that gridlock in washington is welcomed and good because no regulation of, ie., fraud on wall street, etc., can be passed. How about a tax on stock trades to come directly from the traders' (traitors/frauds) bottom lines and provide a disincentive for the churn-and-earn fraud which is tantamount to a wasteful tax on the economy. Even token Christian paulison from jew fraud wall street couldn't stem the tide against the blatent zionist/neocon/bush co failure accross the board as the wall street frauds show record profits financed, albeit indirectly, by huge deficits, both trade and budget. Obfuscating mergers blur the picture to provide cover for up move talking points in defiance of reality.� Stagflation and full employment revisions pre-election.....riiiiight. Productivity comes in at a less than expected 0 (inflationary). The only surprise should have been that the number wasn't negative. The pundits are now saying that the market/wall street fraud is in a state of denial regarding economic fundamentals and that the market is substantially overbought, overvalued, overfrauded, over, etc., the manufacturing index coming in lower than expectations. Consumer sentiment unexpectedly fell.....daaaaah. Pre-election core inflation rate report good �..riiiiight�..but savings rate still negative and walmart sales/profits/outlook substantially below expectations but what the heck, they�re wallstreet lunatics/frauds and reality is no problem. Despite pre-election deficit spending, GNP comes in a less than expected paltry 1.6% increase with worthless falling dollar the catch-22 precluding reality avoidance and the worst yet to come. More nations leaving the worthless dollar as reserve currency even as frauds on wall street reach new highs (What are they smoking? Coking? or like the dollar just cracking) based on corporate welfare flows with money the nation doesn't have pre-election (record deficits). Housing prices continue their sharp decline as bubble deflates. GM only lost 115 million. Ford lost 5.8 billion and must restate earnings back to year 2000 is a bullish sign in the fraudulent alice-in-wonderland lunatic world of wall street. Typical pre-fed meeting rally to provide a cushion for any negative pronouncements which reality would require but are seldom forthcoming by the accommodative frauds who have similarly embraced unreality. Indeed, the gutless wimps of wall street think they're "tough" when they fraudulently take the market higher despite a clearly contrary fact based reality. Caterpillar relates the pervasive reality and the frauds on wallstreet intimidate same with sell off, ignoring pervasive options scandal/fraud and rallies Merck despite lower than expectation results.....riiiiight! Election year corporate welfare to prime the pump and the mock stock market with money the nation doesn�t have (increasing already huge deficits). CPI figures (upon which government inflation adjusted payment obligations are based) lower than expected�..riiiiight! Intel earnings/revenues down sharply but according to the lunatic frauds on wall street, beat expectations and stock rallies along with yahoo which as in the pre-dot com bust days says better days are a coming�.. riiiiight Core inflation rate which is closely watched by the Fed exceeds all expectations. Fraud Merrill Lynch has really been pushing and commissioning that worthless paper and reports record earnings, despite having produced nothing and for very little if any value added (that ill-gotten money has to come from somewhere-your pockets?). The big economic report awaiting scrutiny was the monthly trade deficit which was expected to narrow but in fact INCREASED to 69.9 billion. The alice-in-wonderland lunatic wall street frauds rallied on the news as the dollar precipitously fell. The Fed Chairman said there is a "substantial correction" in housing, which will probably shave about 1% off growth in the second half of the year. The Institute of Supply Management said its services index fell to 52.9 in September -- the lowest level since April 2003. Great News�.. riiiiight!..... Consumer Confidence Higher Than Expected... riiiiight!..... and housing starts were down sharply but not-as-bad-as-expectations game in play US Existing Home Sales Fall 0.5% in August; Sales Price Drops Existing-home prices fall for 1st time in 11 years along with fed jaw-boning pre-election that inflation has been licked .....riiiiight �..despite printing worthless dollars like they�re going out of style because they really are! Fed did nothing and stocks rallied, pre-election.....riiiiight! What about the reality of u.s. debt service at a record unsustainable $2 billion per day on a revolving $2 trillion charge account with ie., China, etc.. The fact that foreclosures are up and that there is projected new trade deficit record, fake government inflation numbers for election year purposes, housing starts down 6% means little to the alice-in-wonderland lunatic frauds of wall street and the so-called pundits including yahoo below. Almost all computerized volume is and must be considered heavy, manipulated, economically wasteful volume [stocks move contrary to rational analytical facts (ie., exceeded lowered expectations, things so bad interest rates can�t rise, exceeded expectations, no earnings but outlook extraordinary, the fed says booo as they print more worthless dollars to finance deficits, etc. ) is money in the bank for the frauds on wall street when they unwind said irrational positions ]. Philadelphia Federal Reserve announces that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, leading economic indicators fall .2%, and previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows with b**l s**t from Yahoo (which didn�t even reference the record unanticipated trade gap):

There is nothing to rationally justify the previous up move or mixed results in the market other than what is tantamount to a negative, and based upon spurious data from the government; ie., fake government numbers said total PPI rose a smaller than expected 0.1% (consensus 0.4%) in July, which was well below the 0.5% jump in June, while the more closely watched core rate (ex-food and energy) unexpectedly (RIIIIIGHT!) fell 0.3% (consensus +0.2%) -- the first decline since October and the largest drop since a 0.5% decline in April 2003. Home Sales Decline in 28 States, D.C.. Real estate prices down/stagnant. But housing stocks�..up.....riiiiight!.....in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down.� Martin Crutsinger, AP Economics Writer, previously wrote,� U.S. Trade Deficit Falls 0.3 Percent in June to $64.8B, Offsetting Jump in Chinese Imports. Dell Recall Stems From sony Production Flaw� WASHINGTON (AP) -- America's trade deficit showed a slight improvement as strong global growth pushed U.S. exports to a record level. That helped offset a surge in Chinese imports and record crude oil prices. The deficit declined 0.3 percent in June, compared with May, dropping to $64.8 billion, still the fifth largest imbalance on record, the Commerce Department reported Thursday. The deficit is running at an annual rate of $768 billion through the first six months of this year, putting the country on track to see a fifth straight record imbalance. Last year's deficit was $716.7 billion. Prior considerations remain apposite in this clearly overvalued market. The frauds on wall street feel compelled to continue their tradition/superstition/fraud tactic of buying on the rumor and selling on the news (fact) of the Fed�s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money.� Yahoo previously commented: Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance....., to which I responded, Wild..... I�ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported and will now join gm in worker buyouts; but both GM and Ford will now offer built-in ipods which should substantially help their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Analyst says GM good news now behind it (past/discounted), yet stock still rose upon said analysis �..riiiiight�.. daaaaah! Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal, maybe even suspension, that has cast a harsh light on Silicon Valley's compensation practices. Don�t forget that GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland lunatic world of wall street is of course good news. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid (approx.) 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it�s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very commissionable (investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $58; yes, as in the last crash, they will get fooled again� as stocks up sharply in the fraudulent alice-in-wonderland lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the pundits/analysts are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley (who also says that in Europe bush�s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the �better than expectations� game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. Spotlight on the Stock Option Scandal-The share prices of companies involved in stock options backdating have held up well compared to the broader market. But shareholders might be in for a rougher ride. Plus, why the Nasdaq has its hands full. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived pearl harbor effect)/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/ and the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what�s up is down and what�s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they�ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin� to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don�t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)

"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006

WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):

The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

(3-13-07) Blowout Q1 earnings report from wall street lunatic frauds goldman sachs (daaaaah!) even as record foreclosure rate and retail sales below expectations, mergers obfuscate dismal picture, retail sales down (they say it�s the weather.....riiiiight.....how about consumer debt at record $2.41 trillion) jobs data from private (as opposed to government) entity below expectations (who would have thunk it!.....riiiiight! But wait; latest government data at expectations and above, revising past data as unemployment rate falls to 4.5%.....and says trade deficit trend changing..... riiiiight!), along with below expectations oil inventories which had spurred oil price rally, while productivity below expectations/wage costs higher and above expectations (very inflationary), no problemo for the lunatic frauds on wall street (what a joke wall street is!) who are maniacal as lunatics suckers short-covering �bear market/higher oil prices/fake economic reports/fed speak rally� (based upon b**l s**t/fake reports even assuming fake growth rate though false, the decline of the fiat currency, the worthless dollar would negate same in real terms) (b.s. contrary to bernanke testimony before congress owing to previous implicit threat of prosecution for false statements)� fueled by b**l s**t alone propels stocks to end only modestly lower relative to reality to suck the suckers in; ie., as the Dow Jones industrial average down 242.66, S&P down 28.65, and NASDAQ down 51.72, all very commissionable on heavy volume, as in final pre-election result push for bush, which fell very short but has provided the same pump-priming of the market as most recently seen in 1999 which ended quite badly even without the exacerbating effects of huge unsustainable and debilitating debt/deficits deferring/delaying/prolonging the inevitable reality even as entire domestic u.s. industries are rendered what is tantamount to defunct and with corporate welfare unwisely spent (war crimes, etc.). Greenspan Warns of Likely U.S. Recession..... FORECLOSURES AT RECORD PACE, retail sales below expectations. Major Mortgage Lender On Bankruptcy's Doorstep... REIT New Century Financial (NEW 3.21, halted at 0).....Everything is hunky doory says financial propaganda minister/comedian paulson (son of pat paulson?) while Moody�s says at least a 10% correction from fraudulent bubble highs is warranted/appropriate (I believe that to be a modest analytical view). Who would you believe? What do you expect a member of a failed administration to say? What�s changed? Nothing, as the frauds on wall street continue their commissionable ponzi scheme with borrowed (ie., japan, etc.) and suckers� funds.� Real estate experts say the pain/damage will exceed that of prior downturns since the great depression.Bernanke responds to recession prediction with b**l s**t (to his small credit he begrudgingly admits to looming fiscal crisis). Manufacturing activity in u.s. up say fake reports (what, paper/worthless dollars/ securities/packaging for imported goods/parts/components, etc.). �BROKERS AT 'TOP-TIER' FIRMS CHARGED IN INSIDER TRADING SCHEME JUST TIP OF THE ICEBERG. New home sales down 17%.....Durables down over seven percent. Are they going to fudge/falsify the GDP revision? Oil rise on US energy inventory data. Stagflation, fake reports understate fundamental weakness, higher oil prices rally. Housing starts down sharply, as investors, domestic and international, dramatically slow purchase of fiat currency/worthless us/dollar denominated stocks and bonds. Record real estate price slump; industrial production/utilization down. Record home price slump. Retail numbers at best (I don�t believe them for a second) just flat; massive layoffs at Chrysler; more government borrowing to paint false facade. Trade deficit up sharply and new record for all of 2006 - $763 billion (the market last rallied with previous month�s improvement, and rallies with worsening, everything else was typical wall street b**l s**t meaning and based on nothing, ie., m&a, upgrade, etc.). Default rates up again. HSBC Holdings, the world's third largest bank, warned that provisions for bad debt will be some 20% higher than previously thought. SEC launch of insider trading (pervasive on fraudulent wall street) probe just tip of the iceberg. Negative savings rate (highest since great depression), factory output down, home inventories highest since last crash, defaults up, gm and ford sales down 17% and 19%, deficits trade/budget, dollar down and going lower, january jobs data weaker than the consensus estimate and below the average gain of 153,000 per month for all of 2006 and viewed as bearish......but no problemo if you�re a lunatic fraud on wall street. Personal Savings at Lowest Point Since 1933-- Great Depression's low. �Fake economic growth report from the administration. Mergers and acquisitions continue to cloud the picture facilitating the fraud. Having beat fraudulent alice-in-wonderland lunatic world of wall street expectations with Record Loss of $12.7 Billion, the rally in Ford�s stock continues..... riiiiight! Fake numbers also a plus. Ford Posts Record Loss of $12.7 Billion.....stock rallies on the news.....riiiiight! P/E ratios far beyond the mean particularly for this stage in the cycle for selected securities (ie., 80+, etc.). Higher oil prices and fake indicators report spark rally.....riiiiight! Report on leading economic indicators is delayed (very unusual unless you understand the greater complexity in fudging same.....not to worry, fans of frauds on wall street.....the lunatic frauds will also get their churn-and-earn commission dollars on the way down).Fed Chairman Bernanke begins to euphemistically discuss reality on capital hill. PAPER: Condo market in DC, Vegas, Miami and Boston has collapsed... Euro displaces dollar in bond markets...13 charged in Wall Street insider trading ring CNN International Higher oil prices and fake numbers spurs rally. More fake job numbers (at best, hamburger helpers, etc.). Foreclosures Rip Neighborhoods in Denver. Yahoo profit falls 61% but rallies 6% on b**l s**t alone. �Insider-Trading Ring Bust in US Fuels Hedge-Fund Concerns. Jawboning by kohn of print-those-worthless-dollars fed raises market.....riiiiight! The ism services index fell, but that was down from an unexpectedly and fake strong read a month earlier, manufacturing index up slightly to 51.4 (they must be counting hamburgers as manufactured goods in u.s......riiiiight!) but fed knows they�ve been printing worthless dollars like mad which of course is hyperinflationary and will come home to roost, along with huge debt/deficits, trade and budget, Stores Report Disappointing Dec. Sales, Gap Woes Deepen in Bleak Holiday Season. Ford and GM auto sales down 13%. More reports in defiance of reality, oil prices up, Dollar Slides...,every intelligent analyst/economist knows that the new home sales number from the government is a total lie that will be revised downward later, that the options scandals are pervasive in fraudulent america (100 investigations just tip of the iceberg), oil stocks continue to rally on lower oil prices, as previously on pipeline explosion in Nigeria, spill in Gulf, and sanctions for Iran, and sharp FALL in oil prices.....riiiiight!.....predictions of disappointing retail sales even with fire-sale discounted prices,..... Highest increase (2%) in 30 years for the wholesale price index, and as well, the core ppi (1.3%), GDP growth less than expected at 2%, dollar sharply lower, oil prices up, building permits down, all unexpectedly bad but great news in the fraudulent alice-in-wonderland lunatic world of wall street. New Record Quarterly Trade Deficit initially spurred lunatic market rally along with obfuscating but very commissionable merger activity. Core inflation a very unexpected unchanged .....riiiiight!.....spurs superstitious, devoid of reality, santa rally.� Investment Banks Post Record 2006 Profit .....daaaaah! Churning and earning on worthless paper, where is that commission dollar coming from even as america has ceded solvency/leadership in every economic measure. Even at the lofty record numbers the indices are worth roughly half their value based on precipitous fall of the dollar in only 5 years with further downside to go. Superstitious �Santa Claus rally�.....riiiiight! High oil price rally.....riiiiight!� Total� bulls**t ! Retail sales up a very unexpected 1%, riiiiight, at the same time inventories of such goods rising substantially (do you think they�re booking sales to �straw men/companies�.....I do!) and oil inventories down. Fake employment numbers (from the government.....riiiiight!) the impetus for previous b.s. rally despite falling sentiment and uptick in unemployment. The ism services index (financed by unsustainable deficit/debt spending and pushing/commissioning worthless paper) and jawboning/bulls**t from the housing industry (the end is near.....riiiiight!), obfuscating mergers continued to cloud the picture, closely-watched core-PCE deflator had risen a more than expected 0.2%, second sub-50 reading on manufacturing activity in as many sessions-the November ISM index unexpectedly fell to 49.5 (consensus 52.0), Chicago PMI fell to its lowest level (49.9%) in October, and below the 50 level, indicating contraction, crude prices up� (OIL PRICES RISE ABOVE $63 A BARREL...), DOLLAR RESUMES SLIDE, Fed Chairman Bernanke & Co. cheerleading/jawboning/bulls**t, 3.2% decline in new home sales, oil inventories down and oil prices up, oil producers shun the dollar, Russia and Opec shift revenues into euros, yen and sterling..., all very bad news anywhere but in the fraudulent alice-in-wonderland world of wall street. Durable goods orders fell sharply, sentiment down, but supposedly used home sales rose slightly (riiiiight.....who says; the realtors/government who have been talking up this bubble market?) albeit at sharply lower prices. DOLLAR PLUNGES TO NEAR 15-YEAR LOW� In other words, no good news to justify the ridiculous up move by the alice-in-wonderland frauds of wall street. Worthless dollar, triple deficits, stock/options scandals/corruption, as some speculate that fed is behind purchases/manipulation (through proxy) of worthless american paper now being shunned by more rational market players abroad.� MARKETS ROCKED BY LONG OVERDUE BUT STILL MODEST RELATIVE TO REALITY SHARP SLIDE IN DOLLAR...There has never been a time since 1929 when stock prices and p/e ratios were so irrationally high for this point in a bull cycle in this indisputable secular bear market, particularly with the existing unprecedented structural economic problems, ie., trade and budget deficits, worthless dollar, scandals, fraud, corruption , etc.. In fact, unemployment unexpectedly rose substantially and consumer sentiment unexpectedly but similarly realistically fell, both very negative exept in the� fraudulent alice-in-wonderland world of wall street. Indeed, the housing bubble bursting with ie., unexpected 14% decline in starts/permits, etc., led to rally in the fraudulent alice-in-wonderland world of wall street. Obfuscating mergers help preclude detection of this massive and pervasive fraud which defies analysis owing to these mergers. New talking pointing: dell numbers exceed expectations depending upon ongoing government scrutiny of their accounting practices.....riiiiight! More contrived manipulated markets and data well as that previous unexpected rise in that global hub of manufacturing activity, New York (worthless paper is their real product, etc.) �..riiiiight!�.. underpins fraudulent up move. Reassuring Fed speak, also known as b**l s**t, along with IPO�s (get the suckers in at the highs as in late 90�s market bubble), and shrugging off pervasive stock/options fraud as at, ie., KB Homes, etc., leave stocks ridiculously higher. Nations leaving the worthless dollar in droves for currencies backed by value and for precious metals. Based on the self-interested statement of typical fraud american and fed rep, we hear once again the wishful thought that housing has bottomed.....right! [Reality/Truth: US housing slump deepens, spreads]. Home depot rallies despite lower than expected results and lower guidance for the year.....right! Who is stupid enough to believe anything the fraudulent criminal americans say. They are printing worthless dollars like mad. Consumer sentiment actually previously fell and there was nothing but wall street lunacy to prop the fraudulent market. The republicans who lockstepped with war criminal dumbya bush deserved to lose. The frauds on wall street now looking for the new corporate welfare program for which to sell the sizzle ie., stem cells, etc.. The know-nothing pundits are now saying the up move without any rational basis is predicated upon the the falsity that gridlock in washington is welcomed and good because no regulation of, ie., fraud on wall street, etc., can be passed. How about a tax on stock trades to come directly from the traders' (traitors/frauds) bottom lines and provide a disincentive for the churn-and-earn fraud which is tantamount to a wasteful tax on the economy. Even token Christian paulison from jew fraud wall street couldn't stem the tide against the blatent zionist/neocon/bush co failure accross the board as the wall street frauds show record profits financed, albeit indirectly, by huge deficits, both trade and budget. Obfuscating mergers blur the picture to provide cover for up move talking points in defiance of reality.� Stagflation and full employment revisions pre-election.....riiiiight. Productivity comes in at a less than expected 0 (inflationary). The only surprise should have been that the number wasn't negative. The pundits are now saying that the market/wall street fraud is in a state of denial regarding economic fundamentals and that the market is substantially overbought, overvalued, overfrauded, over, etc., the manufacturing index coming in lower than expectations. Consumer sentiment unexpectedly fell.....daaaaah. Pre-election core inflation rate report good �..riiiiight�..but savings rate still negative and walmart sales/profits/outlook substantially below expectations but what the heck, they�re wallstreet lunatics/frauds and reality is no problem. Despite pre-election deficit spending, GNP comes in a less than expected paltry 1.6% increase with worthless falling dollar the catch-22 precluding reality avoidance and the worst yet to come. More nations leaving the worthless dollar as reserve currency even as frauds on wall street reach new highs (What are they smoking? Coking? or like the dollar just cracking) based on corporate welfare flows with money the nation doesn't have pre-election (record deficits). Housing prices continue their sharp decline as bubble deflates. GM only lost 115 million. Ford lost 5.8 billion and must restate earnings back to year 2000 is a bullish sign in the fraudulent alice-in-wonderland lunatic world of wall street. Typical pre-fed meeting rally to provide a cushion for any negative pronouncements which reality would require but are seldom forthcoming by the accommodative frauds who have similarly embraced unreality. Indeed, the gutless wimps of wall street think they're "tough" when they fraudulently take the market higher despite a clearly contrary fact based reality. Caterpillar relates the pervasive reality and the frauds on wallstreet intimidate same with sell off, ignoring pervasive options scandal/fraud and rallies Merck despite lower than expectation results.....riiiiight! Election year corporate welfare to prime the pump and the mock stock market with money the nation doesn�t have (increasing already huge deficits). CPI figures (upon which government inflation adjusted payment obligations are based) lower than expected�..riiiiight! Intel earnings/revenues down sharply but according to the lunatic frauds on wall street, beat expectations and stock rallies along with yahoo which as in the pre-dot com bust days says better days are a coming�.. riiiiight Core inflation rate which is closely watched by the Fed exceeds all expectations. Fraud Merrill Lynch has really been pushing and commissioning that worthless paper and reports record earnings, despite having produced nothing and for very little if any value added (that ill-gotten money has to come from somewhere-your pockets?). The big economic report awaiting scrutiny was the monthly trade deficit which was expected to narrow but in fact INCREASED to 69.9 billion. The alice-in-wonderland lunatic wall street frauds rallied on the news as the dollar precipitously fell. The Fed Chairman said there is a "substantial correction" in housing, which will probably shave about 1% off growth in the second half of the year. The Institute of Supply Management said its services index fell to 52.9 in September -- the lowest level since April 2003. Great News�.. riiiiight!..... Consumer Confidence Higher Than Expected... riiiiight!..... and housing starts were down sharply but not-as-bad-as-expectations game in play US Existing Home Sales Fall 0.5% in August; Sales Price Drops Existing-home prices fall for 1st time in 11 years along with fed jaw-boning pre-election that inflation has been licked .....riiiiight �..despite printing worthless dollars like they�re going out of style because they really are! Fed did nothing and stocks rallied, pre-election.....riiiiight! What about the reality of u.s. debt service at a record unsustainable $2 billion per day on a revolving $2 trillion charge account with ie., China, etc.. The fact that foreclosures are up and that there is projected new trade deficit record, fake government inflation numbers for election year purposes, housing starts down 6% means little to the alice-in-wonderland lunatic frauds of wall street and the so-called pundits including yahoo below. Almost all computerized volume is and must be considered heavy, manipulated, economically wasteful volume [stocks move contrary to rational analytical facts (ie., exceeded lowered expectations, things so bad interest rates can�t rise, exceeded expectations, no earnings but outlook extraordinary, the fed says booo as they print more worthless dollars to finance deficits, etc. ) is money in the bank for the frauds on wall street when they unwind said irrational positions ]. Philadelphia Federal Reserve announces that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, leading economic indicators fall .2%, and previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows with b**l s**t from Yahoo (which didn�t even reference the record unanticipated trade gap):

There is nothing to rationally justify the previous up move or mixed results in the market other than what is tantamount to a negative, and based upon spurious data from the government; ie., fake government numbers said total PPI rose a smaller than expected 0.1% (consensus 0.4%) in July, which was well below the 0.5% jump in June, while the more closely watched core rate (ex-food and energy) unexpectedly (RIIIIIGHT!) fell 0.3% (consensus +0.2%) -- the first decline since October and the largest drop since a 0.5% decline in April 2003. Home Sales Decline in 28 States, D.C.. Real estate prices down/stagnant. But housing stocks�..up.....riiiiight!.....in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down.� Martin Crutsinger, AP Economics Writer, previously wrote,� U.S. Trade Deficit Falls 0.3 Percent in June to $64.8B, Offsetting Jump in Chinese Imports. Dell Recall Stems From sony Production Flaw� WASHINGTON (AP) -- America's trade deficit showed a slight improvement as strong global growth pushed U.S. exports to a record level. That helped offset a surge in Chinese imports and record crude oil prices. The deficit declined 0.3 percent in June, compared with May, dropping to $64.8 billion, still the fifth largest imbalance on record, the Commerce Department reported Thursday. The deficit is running at an annual rate of $768 billion through the first six months of this year, putting the country on track to see a fifth straight record imbalance. Last year's deficit was $716.7 billion. Prior considerations remain apposite in this clearly overvalued market. The frauds on wall street feel compelled to continue their tradition/superstition/fraud tactic of buying on the rumor and selling on the news (fact) of the Fed�s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money.� Yahoo previously commented: Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance....., to which I responded, Wild..... I�ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported and will now join gm in worker buyouts; but both GM and Ford will now offer built-in ipods which should substantially help their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Analyst says GM good news now behind it (past/discounted), yet stock still rose upon said analysis �..riiiiight�.. daaaaah! Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal, maybe even suspension, that has cast a harsh light on Silicon Valley's compensation practices. Don�t forget that GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland lunatic world of wall street is of course good news. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid (approx.) 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it�s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very commissionable (investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $58; yes, as in the last crash, they will get fooled again� as stocks up sharply in the fraudulent alice-in-wonderland lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the pundits/analysts are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley (who also says that in Europe bush�s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the �better than expectations� game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. Spotlight on the Stock Option Scandal-The share prices of companies involved in stock options backdating have held up well compared to the broader market. But shareholders might be in for a rougher ride. Plus, why the Nasdaq has its hands full. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived pearl harbor effect)/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/ and the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what�s up is down and what�s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they�ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin� to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don�t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)

"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006

WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):

The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

(3-12-07) Mergers obfuscate dismal picture, retail sales down (they say it�s the weather.....riiiiight.....how about consumer debt at record $2.41 trillion) jobs data from private (as opposed to government) entity below expectations (who would have thunk it!.....riiiiight! But wait; latest government data at expectations and above, revising past data as unemployment rate falls to 4.5%.....and says trade deficit trend changing..... riiiiight!), along with below expectations oil inventories which had spurred oil price rally, while productivity below expectations/wage costs higher and above expectations (very inflationary), no problemo for the lunatic frauds on wall street (what a joke wall street is!) who are maniacal as lunatics suckers short-covering �bear market/higher oil prices/fake economic reports/fed speak rally� (based upon b**l s**t/fake reports even assuming fake growth rate though false, the decline of the fiat currency, the worthless dollar would negate same in real terms) (b.s. contrary to bernanke testimony before congress owing to previous implicit threat of prosecution for false statements)� fueled by b**l s**t alone props stocks to end ridiculously higher to suck the suckers in; ie., as the Dow Jones industrial average up 42.30, S&P up 3.75, and NASDAQ up 14.74, all very commissionable on heavy volume, as in final pre-election result push for bush, which fell very short but has provided the same pump-priming of the market as most recently seen in 1999 which ended quite badly even without the exacerbating effects of huge unsustainable and debilitating debt/deficits deferring/delaying/prolonging the inevitable reality even as entire domestic u.s. industries are rendered what is tantamount to defunct and with corporate welfare unwisely spent (war crimes, etc.).Greenspan Warns of Likely U.S. Recession..... Major Mortgage Lender On Bankruptcy's Doorstep... REIT New Century Financial (NEW 3.21, halted at 0)..... Everything is hunky doory says financial propaganda minister/comedian paulson (son of pat paulson?) while Moody�s says at least a 10% correction from fraudulent bubble highs is warranted/appropriate (I believe that to be a modest analytical view). Who would you believe? What do you expect a member of a failed administration to say? What�s changed? Nothing, as the frauds on wall street continue their commissionable ponzi scheme with borrowed (ie., japan, etc.) and suckers� funds.� Real estate experts say the pain/damage will exceed that of prior downturns since the great depression. Bernanke responds to recession prediction with b**l s**t (to his small credit he begrudgingly admits to looming fiscal crisis). Manufacturing activity in u.s. up say fake reports (what, paper/worthless dollars/ securities/packaging for imported goods/parts/components, etc.). �BROKERS AT 'TOP-TIER' FIRMS CHARGED IN INSIDER TRADING SCHEME JUST TIP OF THE ICEBERG. New home sales down 17%.....Durables down over seven percent. Are they going to fudge/falsify the GDP revision? Oil rise on US energy inventory data. Stagflation, fake reports understate fundamental weakness, higher oil prices rally. Housing starts down sharply, as investors, domestic and international, dramatically slow purchase of fiat currency/worthless us/dollar denominated stocks and bonds. Record real estate price slump; industrial production/utilization down. Record home price slump. Retail numbers at best (I don�t believe them for a second) just flat; massive layoffs at Chrysler; more government borrowing to paint false facade. Trade deficit up sharply and new record for all of 2006 - $763 billion (the market last rallied with previous month�s improvement, and rallies with worsening, everything else was typical wall street b**l s**t meaning and based on nothing, ie., m&a, upgrade, etc.). Default rates up again. HSBC Holdings, the world's third largest bank, warned that provisions for bad debt will be some 20% higher than previously thought. SEC launch of insider trading (pervasive on fraudulent wall street) probe just tip of the iceberg. Negative savings rate (highest since great depression), factory output down, home inventories highest since last crash, defaults up, gm and ford sales down 17% and 19%, deficits trade/budget, dollar down and going lower, january jobs data weaker than the consensus estimate and below the average gain of 153,000 per month for all of 2006 and viewed as bearish......but no problemo if you�re a lunatic fraud on wall street. Personal Savings at Lowest Point Since 1933-- Great Depression's low. �Fake economic growth report from the administration. Mergers and acquisitions continue to cloud the picture facilitating the fraud. Having beat fraudulent alice-in-wonderland lunatic world of wall street expectations with Record Loss of $12.7 Billion, the rally in Ford�s stock continues..... riiiiight! Fake numbers also a plus. Ford Posts Record Loss of $12.7 Billion.....stock rallies on the news.....riiiiight! P/E ratios far beyond the mean particularly for this stage in the cycle for selected securities (ie., 80+, etc.). Higher oil prices and fake indicators report spark rally.....riiiiight! Report on leading economic indicators is delayed (very unusual unless you understand the greater complexity in fudging same.....not to worry, fans of frauds on wall street.....the lunatic frauds will also get their churn-and-earn commission dollars on the way down).Fed Chairman Bernanke begins to euphemistically discuss reality on capital hill. PAPER: Condo market in DC, Vegas, Miami and Boston has collapsed... Euro displaces dollar in bond markets...13 charged in Wall Street insider trading ring CNN International Higher oil prices and fake numbers spurs rally. More fake job numbers (at best, hamburger helpers, etc.). Foreclosures Rip Neighborhoods in Denver. Yahoo profit falls 61% but rallies 6% on b**l s**t alone. �Insider-Trading Ring Bust in US Fuels Hedge-Fund Concerns. Jawboning by kohn of print-those-worthless-dollars fed raises market.....riiiiight! The ism services index fell, but that was down from an unexpectedly and fake strong read a month earlier, manufacturing index up slightly to 51.4 (they must be counting hamburgers as manufactured goods in u.s......riiiiight!) but fed knows they�ve been printing worthless dollars like mad which of course is hyperinflationary and will come home to roost, along with huge debt/deficits, trade and budget, Stores Report Disappointing Dec. Sales, Gap Woes Deepen in Bleak Holiday Season. Ford and GM auto sales down 13%. More reports in defiance of reality, oil prices up, Dollar Slides...,every intelligent analyst/economist knows that the new home sales number from the government is a total lie that will be revised downward later, that the options scandals are pervasive in fraudulent america (100 investigations just tip of the iceberg), oil stocks continue to rally on lower oil prices, as previously on pipeline explosion in Nigeria, spill in Gulf, and sanctions for Iran, and sharp FALL in oil prices.....riiiiight!.....predictions of disappointing retail sales even with fire-sale discounted prices,..... Highest increase (2%) in 30 years for the wholesale price index, and as well, the core ppi (1.3%), GDP growth less than expected at 2%, dollar sharply lower, oil prices up, building permits down, all unexpectedly bad but great news in the fraudulent alice-in-wonderland lunatic world of wall street. New Record Quarterly Trade Deficit initially spurred lunatic market rally along with obfuscating but very commissionable merger activity. Core inflation a very unexpected unchanged .....riiiiight!.....spurs superstitious, devoid of reality, santa rally.� Investment Banks Post Record 2006 Profit .....daaaaah! Churning and earning on worthless paper, where is that commission dollar coming from even as america has ceded solvency/leadership in every economic measure. Even at the lofty record numbers the indices are worth roughly half their value based on precipitous fall of the dollar in only 5 years with further downside to go. Superstitious �Santa Claus rally�.....riiiiight! High oil price rally.....riiiiight!� Total� bulls**t ! Retail sales up a very unexpected 1%, riiiiight, at the same time inventories of such goods rising substantially (do you think they�re booking sales to �straw men/companies�.....I do!) and oil inventories down. Fake employment numbers (from the government.....riiiiight!) the impetus for previous b.s. rally despite falling sentiment and uptick in unemployment. The ism services index (financed by unsustainable deficit/debt spending and pushing/commissioning worthless paper) and jawboning/bulls**t from the housing industry (the end is near.....riiiiight!), obfuscating mergers continued to cloud the picture, closely-watched core-PCE deflator had risen a more than expected 0.2%, second sub-50 reading on manufacturing activity in as many sessions-the November ISM index unexpectedly fell to 49.5 (consensus 52.0), Chicago PMI fell to its lowest level (49.9%) in October, and below the 50 level, indicating contraction, crude prices up� (OIL PRICES RISE ABOVE $63 A BARREL...), DOLLAR RESUMES SLIDE, Fed Chairman Bernanke & Co. cheerleading/jawboning/bulls**t, 3.2% decline in new home sales, oil inventories down and oil prices up, oil producers shun the dollar, Russia and Opec shift revenues into euros, yen and sterling..., all very bad news anywhere but in the fraudulent alice-in-wonderland world of wall street. Durable goods orders fell sharply, sentiment down, but supposedly used home sales rose slightly (riiiiight.....who says; the realtors/government who have been talking up this bubble market?) albeit at sharply lower prices. DOLLAR PLUNGES TO NEAR 15-YEAR LOW� In other words, no good news to justify the ridiculous up move by the alice-in-wonderland frauds of wall street. Worthless dollar, triple deficits, stock/options scandals/corruption, as some speculate that fed is behind purchases/manipulation (through proxy) of worthless american paper now being shunned by more rational market players abroad.� MARKETS ROCKED BY LONG OVERDUE BUT STILL MODEST RELATIVE TO REALITY SHARP SLIDE IN DOLLAR...There has never been a time since 1929 when stock prices and p/e ratios were so irrationally high for this point in a bull cycle in this indisputable secular bear market, particularly with the existing unprecedented structural economic problems, ie., trade and budget deficits, worthless dollar, scandals, fraud, corruption , etc.. In fact, unemployment unexpectedly rose substantially and consumer sentiment unexpectedly but similarly realistically fell, both very negative exept in the� fraudulent alice-in-wonderland world of wall street. Indeed, the housing bubble bursting with ie., unexpected 14% decline in starts/permits, etc., led to rally in the fraudulent alice-in-wonderland world of wall street. Obfuscating mergers help preclude detection of this massive and pervasive fraud which defies analysis owing to these mergers. New talking pointing: dell numbers exceed expectations depending upon ongoing government scrutiny of their accounting practices.....riiiiight! More contrived manipulated markets and data well as that previous unexpected rise in that global hub of manufacturing activity, New York (worthless paper is their real product, etc.) �..riiiiight!�.. underpins fraudulent up move. Reassuring Fed speak, also known as b**l s**t, along with IPO�s (get the suckers in at the highs as in late 90�s market bubble), and shrugging off pervasive stock/options fraud as at, ie., KB Homes, etc., leave stocks ridiculously higher. Nations leaving the worthless dollar in droves for currencies backed by value and for precious metals. Based on the self-interested statement of typical fraud american and fed rep, we hear once again the wishful thought that housing has bottomed.....right! [Reality/Truth: US housing slump deepens, spreads]. Home depot rallies despite lower than expected results and lower guidance for the year.....right! Who is stupid enough to believe anything the fraudulent criminal americans say. They are printing worthless dollars like mad. Consumer sentiment actually previously fell and there was nothing but wall street lunacy to prop the fraudulent market. The republicans who lockstepped with war criminal dumbya bush deserved to lose. The frauds on wall street now looking for the new corporate welfare program for which to sell the sizzle ie., stem cells, etc.. The know-nothing pundits are now saying the up move without any rational basis is predicated upon the the falsity that gridlock in washington is welcomed and good because no regulation of, ie., fraud on wall street, etc., can be passed. How about a tax on stock trades to come directly from the traders' (traitors/frauds) bottom lines and provide a disincentive for the churn-and-earn fraud which is tantamount to a wasteful tax on the economy. Even token Christian paulison from jew fraud wall street couldn't stem the tide against the blatent zionist/neocon/bush co failure accross the board as the wall street frauds show record profits financed, albeit indirectly, by huge deficits, both trade and budget. Obfuscating mergers blur the picture to provide cover for up move talking points in defiance of reality.� Stagflation and full employment revisions pre-election.....riiiiight. Productivity comes in at a less than expected 0 (inflationary). The only surprise should have been that the number wasn't negative. The pundits are now saying that the market/wall street fraud is in a state of denial regarding economic fundamentals and that the market is substantially overbought, overvalued, overfrauded, over, etc., the manufacturing index coming in lower than expectations. Consumer sentiment unexpectedly fell.....daaaaah. Pre-election core inflation rate report good �..riiiiight�..but savings rate still negative and walmart sales/profits/outlook substantially below expectations but what the heck, they�re wallstreet lunatics/frauds and reality is no problem. Despite pre-election deficit spending, GNP comes in a less than expected paltry 1.6% increase with worthless falling dollar the catch-22 precluding reality avoidance and the worst yet to come. More nations leaving the worthless dollar as reserve currency even as frauds on wall street reach new highs (What are they smoking? Coking? or like the dollar just cracking) based on corporate welfare flows with money the nation doesn't have pre-election (record deficits). Housing prices continue their sharp decline as bubble deflates. GM only lost 115 million. Ford lost 5.8 billion and must restate earnings back to year 2000 is a bullish sign in the fraudulent alice-in-wonderland lunatic world of wall street. Typical pre-fed meeting rally to provide a cushion for any negative pronouncements which reality would require but are seldom forthcoming by the accommodative frauds who have similarly embraced unreality. Indeed, the gutless wimps of wall street think they're "tough" when they fraudulently take the market higher despite a clearly contrary fact based reality. Caterpillar relates the pervasive reality and the frauds on wallstreet intimidate same with sell off, ignoring pervasive options scandal/fraud and rallies Merck despite lower than expectation results.....riiiiight! Election year corporate welfare to prime the pump and the mock stock market with money the nation doesn�t have (increasing already huge deficits). CPI figures (upon which government inflation adjusted payment obligations are based) lower than expected�..riiiiight! Intel earnings/revenues down sharply but according to the lunatic frauds on wall street, beat expectations and stock rallies along with yahoo which as in the pre-dot com bust days says better days are a coming�.. riiiiight Core inflation rate which is closely watched by the Fed exceeds all expectations. Fraud Merrill Lynch has really been pushing and commissioning that worthless paper and reports record earnings, despite having produced nothing and for very little if any value added (that ill-gotten money has to come from somewhere-your pockets?). The big economic report awaiting scrutiny was the monthly trade deficit which was expected to narrow but in fact INCREASED to 69.9 billion. The alice-in-wonderland lunatic wall street frauds rallied on the news as the dollar precipitously fell. The Fed Chairman said there is a "substantial correction" in housing, which will probably shave about 1% off growth in the second half of the year. The Institute of Supply Management said its services index fell to 52.9 in September -- the lowest level since April 2003. Great News�.. riiiiight!..... Consumer Confidence Higher Than Expected... riiiiight!..... and housing starts were down sharply but not-as-bad-as-expectations game in play US Existing Home Sales Fall 0.5% in August; Sales Price Drops Existing-home prices fall for 1st time in 11 years along with fed jaw-boning pre-election that inflation has been licked .....riiiiight �..despite printing worthless dollars like they�re going out of style because they really are! Fed did nothing and stocks rallied, pre-election.....riiiiight! What about the reality of u.s. debt service at a record unsustainable $2 billion per day on a revolving $2 trillion charge account with ie., China, etc.. The fact that foreclosures are up and that there is projected new trade deficit record, fake government inflation numbers for election year purposes, housing starts down 6% means little to the alice-in-wonderland lunatic frauds of wall street and the so-called pundits including yahoo below. Almost all computerized volume is and must be considered heavy, manipulated, economically wasteful volume [stocks move contrary to rational analytical facts (ie., exceeded lowered expectations, things so bad interest rates can�t rise, exceeded expectations, no earnings but outlook extraordinary, the fed says booo as they print more worthless dollars to finance deficits, etc. ) is money in the bank for the frauds on wall street when they unwind said irrational positions ]. Philadelphia Federal Reserve announces that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, leading economic indicators fall .2%, and previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows with b**l s**t from Yahoo (which didn�t even reference the record unanticipated trade gap):

There is nothing to rationally justify the previous up move or mixed results in the market other than what is tantamount to a negative, and based upon spurious data from the government; ie., fake government numbers said total PPI rose a smaller than expected 0.1% (consensus 0.4%) in July, which was well below the 0.5% jump in June, while the more closely watched core rate (ex-food and energy) unexpectedly (RIIIIIGHT!) fell 0.3% (consensus +0.2%) -- the first decline since October and the largest drop since a 0.5% decline in April 2003. Home Sales Decline in 28 States, D.C.. Real estate prices down/stagnant. But housing stocks�..up.....riiiiight!.....in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down.� Martin Crutsinger, AP Economics Writer, previously wrote,� U.S. Trade Deficit Falls 0.3 Percent in June to $64.8B, Offsetting Jump in Chinese Imports. Dell Recall Stems From sony Production Flaw� WASHINGTON (AP) -- America's trade deficit showed a slight improvement as strong global growth pushed U.S. exports to a record level. That helped offset a surge in Chinese imports and record crude oil prices. The deficit declined 0.3 percent in June, compared with May, dropping to $64.8 billion, still the fifth largest imbalance on record, the Commerce Department reported Thursday. The deficit is running at an annual rate of $768 billion through the first six months of this year, putting the country on track to see a fifth straight record imbalance. Last year's deficit was $716.7 billion. Prior considerations remain apposite in this clearly overvalued market. The frauds on wall street feel compelled to continue their tradition/superstition/fraud tactic of buying on the rumor and selling on the news (fact) of the Fed�s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money.� Yahoo previously commented: Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance....., to which I responded, Wild..... I�ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported and will now join gm in worker buyouts; but both GM and Ford will now offer built-in ipods which should substantially help their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Analyst says GM good news now behind it (past/discounted), yet stock still rose upon said analysis �..riiiiight�.. daaaaah! Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal, maybe even suspension, that has cast a harsh light on Silicon Valley's compensation practices. Don�t forget that GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland lunatic world of wall street is of course good news. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid (approx.) 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it�s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very commissionable (investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $58; yes, as in the last crash, they will get fooled again� as stocks up sharply in the fraudulent alice-in-wonderland lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the pundits/analysts are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley (who also says that in Europe bush�s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the �better than expectations� game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. Spotlight on the Stock Option Scandal-The share prices of companies involved in stock options backdating have held up well compared to the broader market. But shareholders might be in for a rougher ride. Plus, why the Nasdaq has its hands full. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived pearl harbor effect)/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/ and the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what�s up is down and what�s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they�ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin� to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don�t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)

"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006

WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):

The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

(3-09-07) Waning full moon, retail sales down (they say it�s the weather.....riiiiight.....how about consumer debt at record $2.41 trillion) jobs data from private (as opposed to government) entity below expectations (who would have thunk it!.....riiiiight! But wait; latest government data at expectations and above, revising past data as unemployment rate falls to 4.5%.....and says trade deficit trend changing..... riiiiight!), along with below expectations oil inventories which had spurred oil price rally, while productivity below expectations/wage costs higher and above expectations (very inflationary), no problemo for the lunatic frauds on wall street (what a joke wall street is!) who are maniacal as lunatics suckers short-covering �bear market/higher oil prices/fake economic reports/fed speak rally� (based upon b**l s**t/fake reports even assuming fake growth rate though false, the decline of the fiat currency, the worthless dollar would negate same in real terms) (b.s. contrary to bernanke testimony before congress owing to previous implicit threat of prosecution for false statements)� fueled by b**l s**t alone props stocks to end ridiculously mixed to suck the suckers in; ie., as the Dow Jones industrial average up 15.62, S&P up .96, and NASDAQ down .18, all very commissionable on heavy volume, as in final pre-election result push for bush, which fell very short but has provided the same pump-priming of the market as most recently seen in 1999 which ended quite badly even without the exacerbating effects of huge unsustainable and debilitating debt/deficits deferring/delaying/prolonging the inevitable reality even as entire domestic u.s. industries are rendered what is tantamount to defunct and with corporate welfare unwisely spent (war crimes, etc.).Greenspan Warns of Likely U.S. Recession..... Everything is hunky doory says financial propaganda minister/comedian paulson (son of pat paulson?) while Moody�s says at least a 10% correction from fraudulent bubble highs is warranted/appropriate (I believe that to be a modest analytical view). Who would you believe? What do you expect a member of a failed administration to say? What�s changed? Nothing, as the frauds on wall street continue their commissionable ponzi scheme with borrowed (ie., japan, etc.) and suckers� funds.� Real estate experts say the pain/damage will exceed that of prior downturns since the great depression. Bernanke responds to recession prediction with b**l s**t (to his small credit he begrudgingly admits to looming fiscal crisis). Manufacturing activity in u.s. up say fake reports (what, paper/worthless dollars/ securities/packaging for imported goods/parts/components, etc.). �BROKERS AT 'TOP-TIER' FIRMS CHARGED IN INSIDER TRADING SCHEME JUST TIP OF THE ICEBERG. New home sales down 17%.....Durables down over seven percent. Are they going to fudge/falsify the GDP revision? Oil rise on US energy inventory data. Stagflation, fake reports understate fundamental weakness, higher oil prices rally. Housing starts down sharply, as investors, domestic and international, dramatically slow purchase of fiat currency/worthless us/dollar denominated stocks and bonds. Record real estate price slump; industrial production/utilization down. Record home price slump. Retail numbers at best (I don�t believe them for a second) just flat; massive layoffs at Chrysler; more government borrowing to paint false facade. Trade deficit up sharply and new record for all of 2006 - $763 billion (the market last rallied with previous month�s improvement, and rallies with worsening, everything else was typical wall street b**l s**t meaning and based on nothing, ie., m&a, upgrade, etc.). Default rates up again. HSBC Holdings, the world's third largest bank, warned that provisions for bad debt will be some 20% higher than previously thought. SEC launch of insider trading (pervasive on fraudulent wall street) probe just tip of the iceberg. Negative savings rate (highest since great depression), factory output down, home inventories highest since last crash, defaults up, gm and ford sales down 17% and 19%, deficits trade/budget, dollar down and going lower, january jobs data weaker than the consensus estimate and below the average gain of 153,000 per month for all of 2006 and viewed as bearish......but no problemo if you�re a lunatic fraud on wall street. Personal Savings at Lowest Point Since 1933-- Great Depression's low. �Fake economic growth report from the administration. Mergers and acquisitions continue to cloud the picture facilitating the fraud. Having beat fraudulent alice-in-wonderland lunatic world of wall street expectations with Record Loss of $12.7 Billion, the rally in Ford�s stock continues..... riiiiight! Fake numbers also a plus. Ford Posts Record Loss of $12.7 Billion.....stock rallies on the news.....riiiiight! P/E ratios far beyond the mean particularly for this stage in the cycle for selected securities (ie., 80+, etc.). Higher oil prices and fake indicators report spark rally.....riiiiight! Report on leading economic indicators is delayed (very unusual unless you understand the greater complexity in fudging same.....not to worry, fans of frauds on wall street.....the lunatic frauds will also get their churn-and-earn commission dollars on the way down).Fed Chairman Bernanke begins to euphemistically discuss reality on capital hill. PAPER: Condo market in DC, Vegas, Miami and Boston has collapsed... Euro displaces dollar in bond markets...13 charged in Wall Street insider trading ring CNN International Higher oil prices and fake numbers spurs rally. More fake job numbers (at best, hamburger helpers, etc.). Foreclosures Rip Neighborhoods in Denver. Yahoo profit falls 61% but rallies 6% on b**l s**t alone. �Insider-Trading Ring Bust in US Fuels Hedge-Fund Concerns. Jawboning by kohn of print-those-worthless-dollars fed raises market.....riiiiight! The ism services index fell, but that was down from an unexpectedly and fake strong read a month earlier, manufacturing index up slightly to 51.4 (they must be counting hamburgers as manufactured goods in u.s......riiiiight!) but fed knows they�ve been printing worthless dollars like mad which of course is hyperinflationary and will come home to roost, along with huge debt/deficits, trade and budget, Stores Report Disappointing Dec. Sales, Gap Woes Deepen in Bleak Holiday Season. Ford and GM auto sales down 13%. More reports in defiance of reality, oil prices up, Dollar Slides...,every intelligent analyst/economist knows that the new home sales number from the government is a total lie that will be revised downward later, that the options scandals are pervasive in fraudulent america (100 investigations just tip of the iceberg), oil stocks continue to rally on lower oil prices, as previously on pipeline explosion in Nigeria, spill in Gulf, and sanctions for Iran, and sharp FALL in oil prices.....riiiiight!.....predictions of disappointing retail sales even with fire-sale discounted prices,..... Highest increase (2%) in 30 years for the wholesale price index, and as well, the core ppi (1.3%), GDP growth less than expected at 2%, dollar sharply lower, oil prices up, building permits down, all unexpectedly bad but great news in the fraudulent alice-in-wonderland lunatic world of wall street. New Record Quarterly Trade Deficit initially spurred lunatic market rally along with obfuscating but very commissionable merger activity. Core inflation a very unexpected unchanged .....riiiiight!.....spurs superstitious, devoid of reality, santa rally.� Investment Banks Post Record 2006 Profit .....daaaaah! Churning and earning on worthless paper, where is that commission dollar coming from even as america has ceded solvency/leadership in every economic measure. Even at the lofty record numbers the indices are worth roughly half their value based on precipitous fall of the dollar in only 5 years with further downside to go. Superstitious �Santa Claus rally�.....riiiiight! High oil price rally.....riiiiight!� Total� bulls**t ! Retail sales up a very unexpected 1%, riiiiight, at the same time inventories of such goods rising substantially (do you think they�re booking sales to �straw men/companies�.....I do!) and oil inventories down. Fake employment numbers (from the government.....riiiiight!) the impetus for previous b.s. rally despite falling sentiment and uptick in unemployment. The ism services index (financed by unsustainable deficit/debt spending and pushing/commissioning worthless paper) and jawboning/bulls**t from the housing industry (the end is near.....riiiiight!), obfuscating mergers continued to cloud the picture, closely-watched core-PCE deflator had risen a more than expected 0.2%, second sub-50 reading on manufacturing activity in as many sessions-the November ISM index unexpectedly fell to 49.5 (consensus 52.0), Chicago PMI fell to its lowest level (49.9%) in October, and below the 50 level, indicating contraction, crude prices up� (OIL PRICES RISE ABOVE $63 A BARREL...), DOLLAR RESUMES SLIDE, Fed Chairman Bernanke & Co. cheerleading/jawboning/bulls**t, 3.2% decline in new home sales, oil inventories down and oil prices up, oil producers shun the dollar, Russia and Opec shift revenues into euros, yen and sterling..., all very bad news anywhere but in the fraudulent alice-in-wonderland world of wall street. Durable goods orders fell sharply, sentiment down, but supposedly used home sales rose slightly (riiiiight.....who says; the realtors/government who have been talking up this bubble market?) albeit at sharply lower prices. DOLLAR PLUNGES TO NEAR 15-YEAR LOW� In other words, no good news to justify the ridiculous up move by the alice-in-wonderland frauds of wall street. Worthless dollar, triple deficits, stock/options scandals/corruption, as some speculate that fed is behind purchases/manipulation (through proxy) of worthless american paper now being shunned by more rational market players abroad.� MARKETS ROCKED BY LONG OVERDUE BUT STILL MODEST RELATIVE TO REALITY SHARP SLIDE IN DOLLAR...There has never been a time since 1929 when stock prices and p/e ratios were so irrationally high for this point in a bull cycle in this indisputable secular bear market, particularly with the existing unprecedented structural economic problems, ie., trade and budget deficits, worthless dollar, scandals, fraud, corruption , etc.. In fact, unemployment unexpectedly rose substantially and consumer sentiment unexpectedly but similarly realistically fell, both very negative exept in the� fraudulent alice-in-wonderland world of wall street. Indeed, the housing bubble bursting with ie., unexpected 14% decline in starts/permits, etc., led to rally in the fraudulent alice-in-wonderland world of wall street. Obfuscating mergers help preclude detection of this massive and pervasive fraud which defies analysis owing to these mergers. New talking pointing: dell numbers exceed expectations depending upon ongoing government scrutiny of their accounting practices.....riiiiight! More contrived manipulated markets and data well as that previous unexpected rise in that global hub of manufacturing activity, New York (worthless paper is their real product, etc.) �..riiiiight!�.. underpins fraudulent up move. Reassuring Fed speak, also known as b**l s**t, along with IPO�s (get the suckers in at the highs as in late 90�s market bubble), and shrugging off pervasive stock/options fraud as at, ie., KB Homes, etc., leave stocks ridiculously higher. Nations leaving the worthless dollar in droves for currencies backed by value and for precious metals. Based on the self-interested statement of typical fraud american and fed rep, we hear once again the wishful thought that housing has bottomed.....right! [Reality/Truth: US housing slump deepens, spreads]. Home depot rallies despite lower than expected results and lower guidance for the year.....right! Who is stupid enough to believe anything the fraudulent criminal americans say. They are printing worthless dollars like mad. Consumer sentiment actually previously fell and there was nothing but wall street lunacy to prop the fraudulent market. The republicans who lockstepped with war criminal dumbya bush deserved to lose. The frauds on wall street now looking for the new corporate welfare program for which to sell the sizzle ie., stem cells, etc.. The know-nothing pundits are now saying the up move without any rational basis is predicated upon the the falsity that gridlock in washington is welcomed and good because no regulation of, ie., fraud on wall street, etc., can be passed. How about a tax on stock trades to come directly from the traders' (traitors/frauds) bottom lines and provide a disincentive for the churn-and-earn fraud which is tantamount to a wasteful tax on the economy. Even token Christian paulison from jew fraud wall street couldn't stem the tide against the blatent zionist/neocon/bush co failure accross the board as the wall street frauds show record profits financed, albeit indirectly, by huge deficits, both trade and budget. Obfuscating mergers blur the picture to provide cover for up move talking points in defiance of reality.� Stagflation and full employment revisions pre-election.....riiiiight. Productivity comes in at a less than expected 0 (inflationary). The only surprise should have been that the number wasn't negative. The pundits are now saying that the market/wall street fraud is in a state of denial regarding economic fundamentals and that the market is substantially overbought, overvalued, overfrauded, over, etc., the manufacturing index coming in lower than expectations. Consumer sentiment unexpectedly fell.....daaaaah. Pre-election core inflation rate report good �..riiiiight�..but savings rate still negative and walmart sales/profits/outlook substantially below expectations but what the heck, they�re wallstreet lunatics/frauds and reality is no problem. Despite pre-election deficit spending, GNP comes in a less than expected paltry 1.6% increase with worthless falling dollar the catch-22 precluding reality avoidance and the worst yet to come. More nations leaving the worthless dollar as reserve currency even as frauds on wall street reach new highs (What are they smoking? Coking? or like the dollar just cracking) based on corporate welfare flows with money the nation doesn't have pre-election (record deficits). Housing prices continue their sharp decline as bubble deflates. GM only lost 115 million. Ford lost 5.8 billion and must restate earnings back to year 2000 is a bullish sign in the fraudulent alice-in-wonderland lunatic world of wall street. Typical pre-fed meeting rally to provide a cushion for any negative pronouncements which reality would require but are seldom forthcoming by the accommodative frauds who have similarly embraced unreality. Indeed, the gutless wimps of wall street think they're "tough" when they fraudulently take the market higher despite a clearly contrary fact based reality. Caterpillar relates the pervasive reality and the frauds on wallstreet intimidate same with sell off, ignoring pervasive options scandal/fraud and rallies Merck despite lower than expectation results.....riiiiight! Election year corporate welfare to prime the pump and the mock stock market with money the nation doesn�t have (increasing already huge deficits). CPI figures (upon which government inflation adjusted payment obligations are based) lower than expected�..riiiiight! Intel earnings/revenues down sharply but according to the lunatic frauds on wall street, beat expectations and stock rallies along with yahoo which as in the pre-dot com bust days says better days are a coming�.. riiiiight Core inflation rate which is closely watched by the Fed exceeds all expectations. Fraud Merrill Lynch has really been pushing and commissioning that worthless paper and reports record earnings, despite having produced nothing and for very little if any value added (that ill-gotten money has to come from somewhere-your pockets?). The big economic report awaiting scrutiny was the monthly trade deficit which was expected to narrow but in fact INCREASED to 69.9 billion. The alice-in-wonderland lunatic wall street frauds rallied on the news as the dollar precipitously fell. The Fed Chairman said there is a "substantial correction" in housing, which will probably shave about 1% off growth in the second half of the year. The Institute of Supply Management said its services index fell to 52.9 in September -- the lowest level since April 2003. Great News�.. riiiiight!..... Consumer Confidence Higher Than Expected... riiiiight!..... and housing starts were down sharply but not-as-bad-as-expectations game in play US Existing Home Sales Fall 0.5% in August; Sales Price Drops Existing-home prices fall for 1st time in 11 years along with fed jaw-boning pre-election that inflation has been licked .....riiiiight �..despite printing worthless dollars like they�re going out of style because they really are! Fed did nothing and stocks rallied, pre-election.....riiiiight! What about the reality of u.s. debt service at a record unsustainable $2 billion per day on a revolving $2 trillion charge account with ie., China, etc.. The fact that foreclosures are up and that there is projected new trade deficit record, fake government inflation numbers for election year purposes, housing starts down 6% means little to the alice-in-wonderland lunatic frauds of wall street and the so-called pundits including yahoo below. Almost all computerized volume is and must be considered heavy, manipulated, economically wasteful volume [stocks move contrary to rational analytical facts (ie., exceeded lowered expectations, things so bad interest rates can�t rise, exceeded expectations, no earnings but outlook extraordinary, the fed says booo as they print more worthless dollars to finance deficits, etc. ) is money in the bank for the frauds on wall street when they unwind said irrational positions ]. Philadelphia Federal Reserve announces that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, leading economic indicators fall .2%, and previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows with b**l s**t from Yahoo (which didn�t even reference the record unanticipated trade gap):

There is nothing to rationally justify the previous up move or mixed results in the market other than what is tantamount to a negative, and based upon spurious data from the government; ie., fake government numbers said total PPI rose a smaller than expected 0.1% (consensus 0.4%) in July, which was well below the 0.5% jump in June, while the more closely watched core rate (ex-food and energy) unexpectedly (RIIIIIGHT!) fell 0.3% (consensus +0.2%) -- the first decline since October and the largest drop since a 0.5% decline in April 2003. Home Sales Decline in 28 States, D.C.. Real estate prices down/stagnant. But housing stocks�..up.....riiiiight!.....in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down.� Martin Crutsinger, AP Economics Writer, previously wrote,� U.S. Trade Deficit Falls 0.3 Percent in June to $64.8B, Offsetting Jump in Chinese Imports. Dell Recall Stems From sony Production Flaw� WASHINGTON (AP) -- America's trade deficit showed a slight improvement as strong global growth pushed U.S. exports to a record level. That helped offset a surge in Chinese imports and record crude oil prices. The deficit declined 0.3 percent in June, compared with May, dropping to $64.8 billion, still the fifth largest imbalance on record, the Commerce Department reported Thursday. The deficit is running at an annual rate of $768 billion through the first six months of this year, putting the country on track to see a fifth straight record imbalance. Last year's deficit was $716.7 billion. Prior considerations remain apposite in this clearly overvalued market. The frauds on wall street feel compelled to continue their tradition/superstition/fraud tactic of buying on the rumor and selling on the news (fact) of the Fed�s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money.� Yahoo previously commented: Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance....., to which I responded, Wild..... I�ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported and will now join gm in worker buyouts; but both GM and Ford will now offer built-in ipods which should substantially help their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Analyst says GM good news now behind it (past/discounted), yet stock still rose upon said analysis �..riiiiight�.. daaaaah! Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal, maybe even suspension, that has cast a harsh light on Silicon Valley's compensation practices. Don�t forget that GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland lunatic world of wall street is of course good news. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid (approx.) 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it�s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very commissionable (investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $60; yes, as in the last crash, they will get fooled again� as stocks up sharply in the fraudulent alice-in-wonderland lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the pundits/analysts are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley (who also says that in Europe bush�s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the �better than expectations� game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. Spotlight on the Stock Option Scandal-The share prices of companies involved in stock options backdating have held up well compared to the broader market. But shareholders might be in for a rougher ride. Plus, why the Nasdaq has its hands full. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived pearl harbor effect)/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/ and the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what�s up is down and what�s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they�ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin� to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don�t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)

"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006

WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):

The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

(3-08-07) Waning full moon, retail sales down (they say it�s the weather.....riiiiight.....how about consumer debt at record $2.41 trillion) jobs data from private (as opposed to government) entity below expectations (who would have thunk it!.....riiiiight!), along with below expectations oil inventories which had spurred oil price rally, while productivity below expectations/wage costs higher and above expectations (very inflationary), no problemo for the lunatic frauds on wall street (what a joke wall street is!) who are maniacal as lunatics suckers short-covering �bear market/higher oil prices/fake economic reports/fed speak rally� (based upon b**l s**t/fake reports even assuming fake growth rate though false, the decline of the fiat currency, the worthless dollar would negate same in real terms) (b.s. contrary to bernanke testimony before congress owing to previous implicit threat of prosecution for false statements)� fueled by b**l s**t alone props stocks to end ridiculously higher to suck the suckers in; ie., as the Dow Jones industrial average up 68.25, S&P up 9.92, and NASDAQ up 13.09, all very commissionable on heavy volume, as in final pre-election result push for bush, which fell very short but has provided the same pump-priming of the market as most recently seen in 1999 which ended quite badly even without the exacerbating effects of huge unsustainable and debilitating debt/deficits deferring/delaying/prolonging the inevitable reality even as entire domestic u.s. industries are rendered what is tantamount to defunct and with corporate welfare unwisely spent (war crimes, etc.).Greenspan Warns of Likely U.S. Recession..... Everything is hunky doory says financial propaganda minister/comedian paulson (son of pat paulson?) while Moody�s says at least a 10% correction from fraudulent bubble highs is warranted/appropriate (I believe that to be a modest analytical view). Who would you believe? What do you expect a member of a failed administration to say? What�s changed? Nothing, as the frauds on wall street continue their commissionable ponzi scheme with borrowed (ie., japan, etc.) and suckers� funds.� Real estate experts say the pain/damage will exceed that of prior downturns since the great depression. Bernanke responds to recession prediction with b**l s**t (to his small credit he begrudgingly admits to looming fiscal crisis). Manufacturing activity in u.s. up say fake reports (what, paper/worthless dollars/ securities/packaging for imported goods/parts/components, etc.). �BROKERS AT 'TOP-TIER' FIRMS CHARGED IN INSIDER TRADING SCHEME JUST TIP OF THE ICEBERG. New home sales down 17%.....Durables down over seven percent. Are they going to fudge/falsify the GDP revision? Oil rise on US energy inventory data. Stagflation, fake reports understate fundamental weakness, higher oil prices rally. Housing starts down sharply, as investors, domestic and international, dramatically slow purchase of fiat currency/worthless us/dollar denominated stocks and bonds. Record real estate price slump; industrial production/utilization down. Record home price slump. Retail numbers at best (I don�t believe them for a second) just flat; massive layoffs at Chrysler; more government borrowing to paint false facade. Trade deficit up sharply and new record for all of 2006 - $763 billion (the market last rallied with previous month�s improvement, and rallies with worsening, everything else was typical wall street b**l s**t meaning and based on nothing, ie., m&a, upgrade, etc.). Default rates up again. HSBC Holdings, the world's third largest bank, warned that provisions for bad debt will be some 20% higher than previously thought. SEC launch of insider trading (pervasive on fraudulent wall street) probe just tip of the iceberg. Negative savings rate (highest since great depression), factory output down, home inventories highest since last crash, defaults up, gm and ford sales down 17% and 19%, deficits trade/budget, dollar down and going lower, january jobs data weaker than the consensus estimate and below the average gain of 153,000 per month for all of 2006 and viewed as bearish......but no problemo if you�re a lunatic fraud on wall street. Personal Savings at Lowest Point Since 1933-- Great Depression's low. �Fake economic growth report from the administration. Mergers and acquisitions continue to cloud the picture facilitating the fraud. Having beat fraudulent alice-in-wonderland lunatic world of wall street expectations with Record Loss of $12.7 Billion, the rally in Ford�s stock continues..... riiiiight! Fake numbers also a plus. Ford Posts Record Loss of $12.7 Billion.....stock rallies on the news.....riiiiight! P/E ratios far beyond the mean particularly for this stage in the cycle for selected securities (ie., 80+, etc.). Higher oil prices and fake indicators report spark rally.....riiiiight! Report on leading economic indicators is delayed (very unusual unless you understand the greater complexity in fudging same.....not to worry, fans of frauds on wall street.....the lunatic frauds will also get their churn-and-earn commission dollars on the way down).Fed Chairman Bernanke begins to euphemistically discuss reality on capital hill. PAPER: Condo market in DC, Vegas, Miami and Boston has collapsed... Euro displaces dollar in bond markets...13 charged in Wall Street insider trading ring CNN International Higher oil prices and fake numbers spurs rally. More fake job numbers (at best, hamburger helpers, etc.). Foreclosures Rip Neighborhoods in Denver. Yahoo profit falls 61% but rallies 6% on b**l s**t alone. �Insider-Trading Ring Bust in US Fuels Hedge-Fund Concerns. Jawboning by kohn of print-those-worthless-dollars fed raises market.....riiiiight! The ism services index fell, but that was down from an unexpectedly and fake strong read a month earlier, manufacturing index up slightly to 51.4 (they must be counting hamburgers as manufactured goods in u.s......riiiiight!) but fed knows they�ve been printing worthless dollars like mad which of course is hyperinflationary and will come home to roost, along with huge debt/deficits, trade and budget, Stores Report Disappointing Dec. Sales, Gap Woes Deepen in Bleak Holiday Season. Ford and GM auto sales down 13%. More reports in defiance of reality, oil prices up, Dollar Slides...,every intelligent analyst/economist knows that the new home sales number from the government is a total lie that will be revised downward later, that the options scandals are pervasive in fraudulent america (100 investigations just tip of the iceberg), oil stocks continue to rally on lower oil prices, as previously on pipeline explosion in Nigeria, spill in Gulf, and sanctions for Iran, and sharp FALL in oil prices.....riiiiight!.....predictions of disappointing retail sales even with fire-sale discounted prices,..... Highest increase (2%) in 30 years for the wholesale price index, and as well, the core ppi (1.3%), GDP growth less than expected at 2%, dollar sharply lower, oil prices up, building permits down, all unexpectedly bad but great news in the fraudulent alice-in-wonderland lunatic world of wall street. New Record Quarterly Trade Deficit initially spurred lunatic market rally along with obfuscating but very commissionable merger activity. Core inflation a very unexpected unchanged .....riiiiight!.....spurs superstitious, devoid of reality, santa rally.� Investment Banks Post Record 2006 Profit .....daaaaah! Churning and earning on worthless paper, where is that commission dollar coming from even as america has ceded solvency/leadership in every economic measure. Even at the lofty record numbers the indices are worth roughly half their value based on precipitous fall of the dollar in only 5 years with further downside to go. Superstitious �Santa Claus rally�.....riiiiight! High oil price rally.....riiiiight!� Total� bulls**t ! Retail sales up a very unexpected 1%, riiiiight, at the same time inventories of such goods rising substantially (do you think they�re booking sales to �straw men/companies�.....I do!) and oil inventories down. Fake employment numbers (from the government.....riiiiight!) the impetus for previous b.s. rally despite falling sentiment and uptick in unemployment. The ism services index (financed by unsustainable deficit/debt spending and pushing/commissioning worthless paper) and jawboning/bulls**t from the housing industry (the end is near.....riiiiight!), obfuscating mergers continued to cloud the picture, closely-watched core-PCE deflator had risen a more than expected 0.2%, second sub-50 reading on manufacturing activity in as many sessions-the November ISM index unexpectedly fell to 49.5 (consensus 52.0), Chicago PMI fell to its lowest level (49.9%) in October, and below the 50 level, indicating contraction, crude prices up� (OIL PRICES RISE ABOVE $63 A BARREL...), DOLLAR RESUMES SLIDE, Fed Chairman Bernanke & Co. cheerleading/jawboning/bulls**t, 3.2% decline in new home sales, oil inventories down and oil prices up, oil producers shun the dollar, Russia and Opec shift revenues into euros, yen and sterling..., all very bad news anywhere but in the fraudulent alice-in-wonderland world of wall street. Durable goods orders fell sharply, sentiment down, but supposedly used home sales rose slightly (riiiiight.....who says; the realtors/government who have been talking up this bubble market?) albeit at sharply lower prices. DOLLAR PLUNGES TO NEAR 15-YEAR LOW� In other words, no good news to justify the ridiculous up move by the alice-in-wonderland frauds of wall street. Worthless dollar, triple deficits, stock/options scandals/corruption, as some speculate that fed is behind purchases/manipulation (through proxy) of worthless american paper now being shunned by more rational market players abroad.� MARKETS ROCKED BY LONG OVERDUE BUT STILL MODEST RELATIVE TO REALITY SHARP SLIDE IN DOLLAR...There has never been a time since 1929 when stock prices and p/e ratios were so irrationally high for this point in a bull cycle in this indisputable secular bear market, particularly with the existing unprecedented structural economic problems, ie., trade and budget deficits, worthless dollar, scandals, fraud, corruption , etc.. In fact, unemployment unexpectedly rose substantially and consumer sentiment unexpectedly but similarly realistically fell, both very negative exept in the� fraudulent alice-in-wonderland world of wall street. Indeed, the housing bubble bursting with ie., unexpected 14% decline in starts/permits, etc., led to rally in the fraudulent alice-in-wonderland world of wall street. Obfuscating mergers help preclude detection of this massive and pervasive fraud which defies analysis owing to these mergers. New talking pointing: dell numbers exceed expectations depending upon ongoing government scrutiny of their accounting practices.....riiiiight! More contrived manipulated markets and data well as that previous unexpected rise in that global hub of manufacturing activity, New York (worthless paper is their real product, etc.) �..riiiiight!�.. underpins fraudulent up move. Reassuring Fed speak, also known as b**l s**t, along with IPO�s (get the suckers in at the highs as in late 90�s market bubble), and shrugging off pervasive stock/options fraud as at, ie., KB Homes, etc., leave stocks ridiculously higher. Nations leaving the worthless dollar in droves for currencies backed by value and for precious metals. Based on the self-interested statement of typical fraud american and fed rep, we hear once again the wishful thought that housing has bottomed.....right! [Reality/Truth: US housing slump deepens, spreads]. Home depot rallies despite lower than expected results and lower guidance for the year.....right! Who is stupid enough to believe anything the fraudulent criminal americans say. They are printing worthless dollars like mad. Consumer sentiment actually previously fell and there was nothing but wall street lunacy to prop the fraudulent market. The republicans who lockstepped with war criminal dumbya bush deserved to lose. The frauds on wall street now looking for the new corporate welfare program for which to sell the sizzle ie., stem cells, etc.. The know-nothing pundits are now saying the up move without any rational basis is predicated upon the the falsity that gridlock in washington is welcomed and good because no regulation of, ie., fraud on wall street, etc., can be passed. How about a tax on stock trades to come directly from the traders' (traitors/frauds) bottom lines and provide a disincentive for the churn-and-earn fraud which is tantamount to a wasteful tax on the economy. Even token Christian paulison from jew fraud wall street couldn't stem the tide against the blatent zionist/neocon/bush co failure accross the board as the wall street frauds show record profits financed, albeit indirectly, by huge deficits, both trade and budget. Obfuscating mergers blur the picture to provide cover for up move talking points in defiance of reality.� Stagflation and full employment revisions pre-election.....riiiiight. Productivity comes in at a less than expected 0 (inflationary). The only surprise should have been that the number wasn't negative. The pundits are now saying that the market/wall street fraud is in a state of denial regarding economic fundamentals and that the market is substantially overbought, overvalued, overfrauded, over, etc., the manufacturing index coming in lower than expectations. Consumer sentiment unexpectedly fell.....daaaaah. Pre-election core inflation rate report good �..riiiiight�..but savings rate still negative and walmart sales/profits/outlook substantially below expectations but what the heck, they�re wallstreet lunatics/frauds and reality is no problem. Despite pre-election deficit spending, GNP comes in a less than expected paltry 1.6% increase with worthless falling dollar the catch-22 precluding reality avoidance and the worst yet to come. More nations leaving the worthless dollar as reserve currency even as frauds on wall street reach new highs (What are they smoking? Coking? or like the dollar just cracking) based on corporate welfare flows with money the nation doesn't have pre-election (record deficits). Housing prices continue their sharp decline as bubble deflates. GM only lost 115 million. Ford lost 5.8 billion and must restate earnings back to year 2000 is a bullish sign in the fraudulent alice-in-wonderland lunatic world of wall street. Typical pre-fed meeting rally to provide a cushion for any negative pronouncements which reality would require but are seldom forthcoming by the accommodative frauds who have similarly embraced unreality. Indeed, the gutless wimps of wall street think they're "tough" when they fraudulently take the market higher despite a clearly contrary fact based reality. Caterpillar relates the pervasive reality and the frauds on wallstreet intimidate same with sell off, ignoring pervasive options scandal/fraud and rallies Merck despite lower than expectation results.....riiiiight! Election year corporate welfare to prime the pump and the mock stock market with money the nation doesn�t have (increasing already huge deficits). CPI figures (upon which government inflation adjusted payment obligations are based) lower than expected�..riiiiight! Intel earnings/revenues down sharply but according to the lunatic frauds on wall street, beat expectations and stock rallies along with yahoo which as in the pre-dot com bust days says better days are a coming�.. riiiiight Core inflation rate which is closely watched by the Fed exceeds all expectations. Fraud Merrill Lynch has really been pushing and commissioning that worthless paper and reports record earnings, despite having produced nothing and for very little if any value added (that ill-gotten money has to come from somewhere-your pockets?). The big economic report awaiting scrutiny was the monthly trade deficit which was expected to narrow but in fact INCREASED to 69.9 billion. The alice-in-wonderland lunatic wall street frauds rallied on the news as the dollar precipitously fell. The Fed Chairman said there is a "substantial correction" in housing, which will probably shave about 1% off growth in the second half of the year. The Institute of Supply Management said its services index fell to 52.9 in September -- the lowest level since April 2003. Great News�.. riiiiight!..... Consumer Confidence Higher Than Expected... riiiiight!..... and housing starts were down sharply but not-as-bad-as-expectations game in play US Existing Home Sales Fall 0.5% in August; Sales Price Drops Existing-home prices fall for 1st time in 11 years along with fed jaw-boning pre-election that inflation has been licked .....riiiiight �..despite printing worthless dollars like they�re going out of style because they really are! Fed did nothing and stocks rallied, pre-election.....riiiiight! What about the reality of u.s. debt service at a record unsustainable $2 billion per day on a revolving $2 trillion charge account with ie., China, etc.. The fact that foreclosures are up and that there is projected new trade deficit record, fake government inflation numbers for election year purposes, housing starts down 6% means little to the alice-in-wonderland lunatic frauds of wall street and the so-called pundits including yahoo below. Almost all computerized volume is and must be considered heavy, manipulated, economically wasteful volume [stocks move contrary to rational analytical facts (ie., exceeded lowered expectations, things so bad interest rates can�t rise, exceeded expectations, no earnings but outlook extraordinary, the fed says booo as they print more worthless dollars to finance deficits, etc. ) is money in the bank for the frauds on wall street when they unwind said irrational positions ]. Philadelphia Federal Reserve announces that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, leading economic indicators fall .2%, and previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows with b**l s**t from Yahoo (which didn�t even reference the record unanticipated trade gap):

There is nothing to rationally justify the previous up move or mixed results in the market other than what is tantamount to a negative, and based upon spurious data from the government; ie., fake government numbers said total PPI rose a smaller than expected 0.1% (consensus 0.4%) in July, which was well below the 0.5% jump in June, while the more closely watched core rate (ex-food and energy) unexpectedly (RIIIIIGHT!) fell 0.3% (consensus +0.2%) -- the first decline since October and the largest drop since a 0.5% decline in April 2003. Home Sales Decline in 28 States, D.C.. Real estate prices down/stagnant. But housing stocks�..up.....riiiiight!.....in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down.� Martin Crutsinger, AP Economics Writer, previously wrote,� U.S. Trade Deficit Falls 0.3 Percent in June to $64.8B, Offsetting Jump in Chinese Imports. Dell Recall Stems From sony Production Flaw� WASHINGTON (AP) -- America's trade deficit showed a slight improvement as strong global growth pushed U.S. exports to a record level. That helped offset a surge in Chinese imports and record crude oil prices. The deficit declined 0.3 percent in June, compared with May, dropping to $64.8 billion, still the fifth largest imbalance on record, the Commerce Department reported Thursday. The deficit is running at an annual rate of $768 billion through the first six months of this year, putting the country on track to see a fifth straight record imbalance. Last year's deficit was $716.7 billion. Prior considerations remain apposite in this clearly overvalued market. The frauds on wall street feel compelled to continue their tradition/superstition/fraud tactic of buying on the rumor and selling on the news (fact) of the Fed�s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money.� Yahoo previously commented: Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance....., to which I responded, Wild..... I�ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported and will now join gm in worker buyouts; but both GM and Ford will now offer built-in ipods which should substantially help their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Analyst says GM good news now behind it (past/discounted), yet stock still rose upon said analysis �..riiiiight�.. daaaaah! Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal, maybe even suspension, that has cast a harsh light on Silicon Valley's compensation practices. Don�t forget that GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland lunatic world of wall street is of course good news. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid (approx.) 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it�s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very commissionable (investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $61; yes, as in the last crash, they will get fooled again� as stocks up sharply in the fraudulent alice-in-wonderland lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the pundits/analysts are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley (who also says that in Europe bush�s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the �better than expectations� game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. Spotlight on the Stock Option Scandal-The share prices of companies involved in stock options backdating have held up well compared to the broader market. But shareholders might be in for a rougher ride. Plus, why the Nasdaq has its hands full. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived pearl harbor effect)/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/ and the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what�s up is down and what�s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they�ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin� to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don�t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)

"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006

WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):

The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

(3-07-07) Blazing full moon, jobs data from private (as opposed to government) entity below expectations (who would have thunk it!.....riiiiight!), along with below expectations oil inventories spurs oil price rally, while productivity below expectations/wage costs higher and above expectations (very inflationary), no problemo for the lunatic frauds on wall street (what a joke wall street is!) who are maniacal as lunatics suckers short-covering �bear market/higher oil prices/fake economic reports/fed speak rally� (based upon b**l s**t/fake reports even assuming fake growth rate though false, the decline of the fiat currency, the worthless dollar would negate same in real terms) (b.s. contrary to bernanke testimony before congress owing to previous implicit threat of prosecution for false statements)� fueled by b**l s**t alone props stocks to end modestly lower relative to reality to suck the suckers in; ie., as the Dow Jones industrial average down 15.14, S&P down 3.44, and NASDAQ down 10.50, all very commissionable on heavy volume, as in final pre-election result push for bush, which fell very short but has provided the same pump-priming of the market as most recently seen in 1999 which ended quite badly even without the exacerbating effects of huge unsustainable and debilitating debt/deficits deferring/delaying/prolonging the inevitable reality even as entire domestic u.s. industries are rendered what is tantamount to defunct and with corporate welfare unwisely spent (war crimes, etc.).Greenspan Warns of Likely U.S. Recession..... Everything is hunky doory says financial propaganda minister/comedian paulson (son of pat paulson?) while Moody�s says at least a 10% correction from fraudulent bubble highs is warranted/appropriate (I believe that to be a modest analytical view). Who would you believe? What do you expect a member of a failed administration to say? What�s changed? Nothing, as the frauds on wall street continue their commissionable ponzi scheme with borrowed (ie., japan, etc.) and suckers� funds.� Real estate experts say the pain/damage will exceed that of prior downturns since the great depression. Bernanke responds to recession prediction with b**l s**t (to his small credit he begrudgingly admits to looming fiscal crisis). Manufacturing activity in u.s. up say fake reports (what, paper/worthless dollars/ securities/packaging for imported goods/parts/components, etc.). �BROKERS AT 'TOP-TIER' FIRMS CHARGED IN INSIDER TRADING SCHEME JUST TIP OF THE ICEBERG. New home sales down 17%.....Durables down over seven percent. Are they going to fudge/falsify the GDP revision? Oil rise on US energy inventory data. Stagflation, fake reports understate fundamental weakness, higher oil prices rally. Housing starts down sharply, as investors, domestic and international, dramatically slow purchase of fiat currency/worthless us/dollar denominated stocks and bonds. Record real estate price slump; industrial production/utilization down. Record home price slump. Retail numbers at best (I don�t believe them for a second) just flat; massive layoffs at Chrysler; more government borrowing to paint false facade. Trade deficit up sharply and new record for all of 2006 - $763 billion (the market last rallied with previous month�s improvement, and rallies with worsening, everything else was typical wall street b**l s**t meaning and based on nothing, ie., m&a, upgrade, etc.). Default rates up again. HSBC Holdings, the world's third largest bank, warned that provisions for bad debt will be some 20% higher than previously thought. SEC launch of insider trading (pervasive on fraudulent wall street) probe just tip of the iceberg. Negative savings rate (highest since great depression), factory output down, home inventories highest since last crash, defaults up, gm and ford sales down 17% and 19%, deficits trade/budget, dollar down and going lower, january jobs data weaker than the consensus estimate and below the average gain of 153,000 per month for all of 2006 and viewed as bearish......but no problemo if you�re a lunatic fraud on wall street. Personal Savings at Lowest Point Since 1933-- Great Depression's low. �Fake economic growth report from the administration. Mergers and acquisitions continue to cloud the picture facilitating the fraud. Having beat fraudulent alice-in-wonderland lunatic world of wall street expectations with Record Loss of $12.7 Billion, the rally in Ford�s stock continues..... riiiiight! Fake numbers also a plus. Ford Posts Record Loss of $12.7 Billion.....stock rallies on the news.....riiiiight! P/E ratios far beyond the mean particularly for this stage in the cycle for selected securities (ie., 80+, etc.). Higher oil prices and fake indicators report spark rally.....riiiiight! Report on leading economic indicators is delayed (very unusual unless you understand the greater complexity in fudging same.....not to worry, fans of frauds on wall street.....the lunatic frauds will also get their churn-and-earn commission dollars on the way down).Fed Chairman Bernanke begins to euphemistically discuss reality on capital hill. PAPER: Condo market in DC, Vegas, Miami and Boston has collapsed... Euro displaces dollar in bond markets...13 charged in Wall Street insider trading ring CNN International Higher oil prices and fake numbers spurs rally. More fake job numbers (at best, hamburger helpers, etc.). Foreclosures Rip Neighborhoods in Denver. Yahoo profit falls 61% but rallies 6% on b**l s**t alone. �Insider-Trading Ring Bust in US Fuels Hedge-Fund Concerns. Jawboning by kohn of print-those-worthless-dollars fed raises market.....riiiiight! The ism services index fell, but that was down from an unexpectedly and fake strong read a month earlier, manufacturing index up slightly to 51.4 (they must be counting hamburgers as manufactured goods in u.s......riiiiight!) but fed knows they�ve been printing worthless dollars like mad which of course is hyperinflationary and will come home to roost, along with huge debt/deficits, trade and budget, Stores Report Disappointing Dec. Sales, Gap Woes Deepen in Bleak Holiday Season. Ford and GM auto sales down 13%. More reports in defiance of reality, oil prices up, Dollar Slides...,every intelligent analyst/economist knows that the new home sales number from the government is a total lie that will be revised downward later, that the options scandals are pervasive in fraudulent america (100 investigations just tip of the iceberg), oil stocks continue to rally on lower oil prices, as previously on pipeline explosion in Nigeria, spill in Gulf, and sanctions for Iran, and sharp FALL in oil prices.....riiiiight!.....predictions of disappointing retail sales even with fire-sale discounted prices,..... Highest increase (2%) in 30 years for the wholesale price index, and as well, the core ppi (1.3%), GDP growth less than expected at 2%, dollar sharply lower, oil prices up, building permits down, all unexpectedly bad but great news in the fraudulent alice-in-wonderland lunatic world of wall street. New Record Quarterly Trade Deficit initially spurred lunatic market rally along with obfuscating but very commissionable merger activity. Core inflation a very unexpected unchanged .....riiiiight!.....spurs superstitious, devoid of reality, santa rally.� Investment Banks Post Record 2006 Profit .....daaaaah! Churning and earning on worthless paper, where is that commission dollar coming from even as america has ceded solvency/leadership in every economic measure. Even at the lofty record numbers the indices are worth roughly half their value based on precipitous fall of the dollar in only 5 years with further downside to go. Superstitious �Santa Claus rally�.....riiiiight! High oil price rally.....riiiiight!� Total� bulls**t ! Retail sales up a very unexpected 1%, riiiiight, at the same time inventories of such goods rising substantially (do you think they�re booking sales to �straw men/companies�.....I do!) and oil inventories down. Fake employment numbers (from the government.....riiiiight!) the impetus for previous b.s. rally despite falling sentiment and uptick in unemployment. The ism services index (financed by unsustainable deficit/debt spending and pushing/commissioning worthless paper) and jawboning/bulls**t from the housing industry (the end is near.....riiiiight!), obfuscating mergers continued to cloud the picture, closely-watched core-PCE deflator had risen a more than expected 0.2%, second sub-50 reading on manufacturing activity in as many sessions-the November ISM index unexpectedly fell to 49.5 (consensus 52.0), Chicago PMI fell to its lowest level (49.9%) in October, and below the 50 level, indicating contraction, crude prices up� (OIL PRICES RISE ABOVE $63 A BARREL...), DOLLAR RESUMES SLIDE, Fed Chairman Bernanke & Co. cheerleading/jawboning/bulls**t, 3.2% decline in new home sales, oil inventories down and oil prices up, oil producers shun the dollar, Russia and Opec shift revenues into euros, yen and sterling..., all very bad news anywhere but in the fraudulent alice-in-wonderland world of wall street. Durable goods orders fell sharply, sentiment down, but supposedly used home sales rose slightly (riiiiight.....who says; the realtors/government who have been talking up this bubble market?) albeit at sharply lower prices. DOLLAR PLUNGES TO NEAR 15-YEAR LOW� In other words, no good news to justify the ridiculous up move by the alice-in-wonderland frauds of wall street. Worthless dollar, triple deficits, stock/options scandals/corruption, as some speculate that fed is behind purchases/manipulation (through proxy) of worthless american paper now being shunned by more rational market players abroad.� MARKETS ROCKED BY LONG OVERDUE BUT STILL MODEST RELATIVE TO REALITY SHARP SLIDE IN DOLLAR...There has never been a time since 1929 when stock prices and p/e ratios were so irrationally high for this point in a bull cycle in this indisputable secular bear market, particularly with the existing unprecedented structural economic problems, ie., trade and budget deficits, worthless dollar, scandals, fraud, corruption , etc.. In fact, unemployment unexpectedly rose substantially and consumer sentiment unexpectedly but similarly realistically fell, both very negative exept in the� fraudulent alice-in-wonderland world of wall street. Indeed, the housing bubble bursting with ie., unexpected 14% decline in starts/permits, etc., led to rally in the fraudulent alice-in-wonderland world of wall street. Obfuscating mergers help preclude detection of this massive and pervasive fraud which defies analysis owing to these mergers. New talking pointing: dell numbers exceed expectations depending upon ongoing government scrutiny of their accounting practices.....riiiiight! More contrived manipulated markets and data well as that previous unexpected rise in that global hub of manufacturing activity, New York (worthless paper is their real product, etc.) �..riiiiight!�.. underpins fraudulent up move. Reassuring Fed speak, also known as b**l s**t, along with IPO�s (get the suckers in at the highs as in late 90�s market bubble), and shrugging off pervasive stock/options fraud as at, ie., KB Homes, etc., leave stocks ridiculously higher. Nations leaving the worthless dollar in droves for currencies backed by value and for precious metals. Based on the self-interested statement of typical fraud american and fed rep, we hear once again the wishful thought that housing has bottomed.....right! [Reality/Truth: US housing slump deepens, spreads]. Home depot rallies despite lower than expected results and lower guidance for the year.....right! Who is stupid enough to believe anything the fraudulent criminal americans say. They are printing worthless dollars like mad. Consumer sentiment actually previously fell and there was nothing but wall street lunacy to prop the fraudulent market. The republicans who lockstepped with war criminal dumbya bush deserved to lose. The frauds on wall street now looking for the new corporate welfare program for which to sell the sizzle ie., stem cells, etc.. The know-nothing pundits are now saying the up move without any rational basis is predicated upon the the falsity that gridlock in washington is welcomed and good because no regulation of, ie., fraud on wall street, etc., can be passed. How about a tax on stock trades to come directly from the traders' (traitors/frauds) bottom lines and provide a disincentive for the churn-and-earn fraud which is tantamount to a wasteful tax on the economy. Even token Christian paulison from jew fraud wall street couldn't stem the tide against the blatent zionist/neocon/bush co failure accross the board as the wall street frauds show record profits financed, albeit indirectly, by huge deficits, both trade and budget. Obfuscating mergers blur the picture to provide cover for up move talking points in defiance of reality.� Stagflation and full employment revisions pre-election.....riiiiight. Productivity comes in at a less than expected 0 (inflationary). The only surprise should have been that the number wasn't negative. The pundits are now saying that the market/wall street fraud is in a state of denial regarding economic fundamentals and that the market is substantially overbought, overvalued, overfrauded, over, etc., the manufacturing index coming in lower than expectations. Consumer sentiment unexpectedly fell.....daaaaah. Pre-election core inflation rate report good �..riiiiight�..but savings rate still negative and walmart sales/profits/outlook substantially below expectations but what the heck, they�re wallstreet lunatics/frauds and reality is no problem. Despite pre-election deficit spending, GNP comes in a less than expected paltry 1.6% increase with worthless falling dollar the catch-22 precluding reality avoidance and the worst yet to come. More nations leaving the worthless dollar as reserve currency even as frauds on wall street reach new highs (What are they smoking? Coking? or like the dollar just cracking) based on corporate welfare flows with money the nation doesn't have pre-election (record deficits). Housing prices continue their sharp decline as bubble deflates. GM only lost 115 million. Ford lost 5.8 billion and must restate earnings back to year 2000 is a bullish sign in the fraudulent alice-in-wonderland lunatic world of wall street. Typical pre-fed meeting rally to provide a cushion for any negative pronouncements which reality would require but are seldom forthcoming by the accommodative frauds who have similarly embraced unreality. Indeed, the gutless wimps of wall street think they're "tough" when they fraudulently take the market higher despite a clearly contrary fact based reality. Caterpillar relates the pervasive reality and the frauds on wallstreet intimidate same with sell off, ignoring pervasive options scandal/fraud and rallies Merck despite lower than expectation results.....riiiiight! Election year corporate welfare to prime the pump and the mock stock market with money the nation doesn�t have (increasing already huge deficits). CPI figures (upon which government inflation adjusted payment obligations are based) lower than expected�..riiiiight! Intel earnings/revenues down sharply but according to the lunatic frauds on wall street, beat expectations and stock rallies along with yahoo which as in the pre-dot com bust days says better days are a coming�.. riiiiight Core inflation rate which is closely watched by the Fed exceeds all expectations. Fraud Merrill Lynch has really been pushing and commissioning that worthless paper and reports record earnings, despite having produced nothing and for very little if any value added (that ill-gotten money has to come from somewhere-your pockets?). The big economic report awaiting scrutiny was the monthly trade deficit which was expected to narrow but in fact INCREASED to 69.9 billion. The alice-in-wonderland lunatic wall street frauds rallied on the news as the dollar precipitously fell. The Fed Chairman said there is a "substantial correction" in housing, which will probably shave about 1% off growth in the second half of the year. The Institute of Supply Management said its services index fell to 52.9 in September -- the lowest level since April 2003. Great News�.. riiiiight!..... Consumer Confidence Higher Than Expected... riiiiight!..... and housing starts were down sharply but not-as-bad-as-expectations game in play US Existing Home Sales Fall 0.5% in August; Sales Price Drops Existing-home prices fall for 1st time in 11 years along with fed jaw-boning pre-election that inflation has been licked .....riiiiight �..despite printing worthless dollars like they�re going out of style because they really are! Fed did nothing and stocks rallied, pre-election.....riiiiight! What about the reality of u.s. debt service at a record unsustainable $2 billion per day on a revolving $2 trillion charge account with ie., China, etc.. The fact that foreclosures are up and that there is projected new trade deficit record, fake government inflation numbers for election year purposes, housing starts down 6% means little to the alice-in-wonderland lunatic frauds of wall street and the so-called pundits including yahoo below. Almost all computerized volume is and must be considered heavy, manipulated, economically wasteful volume [stocks move contrary to rational analytical facts (ie., exceeded lowered expectations, things so bad interest rates can�t rise, exceeded expectations, no earnings but outlook extraordinary, the fed says booo as they print more worthless dollars to finance deficits, etc. ) is money in the bank for the frauds on wall street when they unwind said irrational positions ]. Philadelphia Federal Reserve announces that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, leading economic indicators fall .2%, and previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows with b**l s**t from Yahoo (which didn�t even reference the record unanticipated trade gap):

There is nothing to rationally justify the previous up move or mixed results in the market other than what is tantamount to a negative, and based upon spurious data from the government; ie., fake government numbers said total PPI rose a smaller than expected 0.1% (consensus 0.4%) in July, which was well below the 0.5% jump in June, while the more closely watched core rate (ex-food and energy) unexpectedly (RIIIIIGHT!) fell 0.3% (consensus +0.2%) -- the first decline since October and the largest drop since a 0.5% decline in April 2003. Home Sales Decline in 28 States, D.C.. Real estate prices down/stagnant. But housing stocks�..up.....riiiiight!.....in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down.� Martin Crutsinger, AP Economics Writer, previously wrote,� U.S. Trade Deficit Falls 0.3 Percent in June to $64.8B, Offsetting Jump in Chinese Imports. Dell Recall Stems From sony Production Flaw� WASHINGTON (AP) -- America's trade deficit showed a slight improvement as strong global growth pushed U.S. exports to a record level. That helped offset a surge in Chinese imports and record crude oil prices. The deficit declined 0.3 percent in June, compared with May, dropping to $64.8 billion, still the fifth largest imbalance on record, the Commerce Department reported Thursday. The deficit is running at an annual rate of $768 billion through the first six months of this year, putting the country on track to see a fifth straight record imbalance. Last year's deficit was $716.7 billion. Prior considerations remain apposite in this clearly overvalued market. The frauds on wall street feel compelled to continue their tradition/superstition/fraud tactic of buying on the rumor and selling on the news (fact) of the Fed�s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money.� Yahoo previously commented: Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance....., to which I responded, Wild..... I�ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported and will now join gm in worker buyouts; but both GM and Ford will now offer built-in ipods which should substantially help their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Analyst says GM good news now behind it (past/discounted), yet stock still rose upon said analysis �..riiiiight�.. daaaaah! Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal, maybe even suspension, that has cast a harsh light on Silicon Valley's compensation practices. Don�t forget that GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland lunatic world of wall street is of course good news. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid (approx.) 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it�s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very commissionable (investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $61; yes, as in the last crash, they will get fooled again� as stocks up sharply in the fraudulent alice-in-wonderland lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the pundits/analysts are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley (who also says that in Europe bush�s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the �better than expectations� game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. Spotlight on the Stock Option Scandal-The share prices of companies involved in stock options backdating have held up well compared to the broader market. But shareholders might be in for a rougher ride. Plus, why the Nasdaq has its hands full. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived pearl harbor effect)/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/ and the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what�s up is down and what�s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they�ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin� to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don�t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)

"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006

WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):

The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

(3-06-07) Blazing full moon, productivity below expectations/wage costs higher and above expectations (very inflationary), no problemo for the lunatic frauds on wall street (what a joke wall street is!) who are maniacal as lunatics suckers short-covering �bear market/higher oil prices/fake economic reports/fed speak rally� (based upon b**l s**t/fake reports even assuming fake growth rate though false, the decline of the fiat currency, the worthless dollar would negate same in real terms) (b.s. contrary to bernanke testimony before congress owing to previous implicit threat of prosecution for false statements)� fueled by b**l s**t alone to suck the suckers in; ie., as the Dow Jones industrial average up 157.18, S&P up 21.29 and NASDAQ down up 44.46, all very commissionable on heavy volume, as in final pre-election result push for bush, which fell very short but has provided the same pump-priming of the market as most recently seen in 1999 which ended quite badly even without the exacerbating effects of huge unsustainable and debilitating debt/deficits deferring/delaying/prolonging the inevitable reality even as entire domestic u.s. industries are rendered what is tantamount to defunct and with corporate welfare unwisely spent (war crimes, etc.).Greenspan Warns of Likely U.S. Recession..... Everything is hunky doory says financial propaganda minister/comedian paulson (son of pat paulson?) while Moody�s says at least a 10% correction from fraudulent bubble highs is warranted/appropriate (I believe that to be a modest analytical view). Who would you believe? What do you expect a member of a failed administration to say? What�s changed? Nothing, as the frauds on wall street continue their commissionable ponzi scheme with borrowed (ie., japan, etc.) and suckers� funds.� Real estate experts say the pain/damage will exceed that of prior downturns since the great depression. Bernanke responds to recession prediction with b**l s**t (to his small credit he begrudgingly admits to looming fiscal crisis). Manufacturing activity in u.s. up say fake reports (what, paper/worthless dollars/ securities/packaging for imported goods/parts/components, etc.). �BROKERS AT 'TOP-TIER' FIRMS CHARGED IN INSIDER TRADING SCHEME JUST TIP OF THE ICEBERG. New home sales down 17%.....Durables down over seven percent. Are they going to fudge/falsify the GDP revision? Oil rise on US energy inventory data. Stagflation, fake reports understate fundamental weakness, higher oil prices rally. Housing starts down sharply, as investors, domestic and international, dramatically slow purchase of fiat currency/worthless us/dollar denominated stocks and bonds. Record real estate price slump; industrial production/utilization down. Record home price slump. Retail numbers at best (I don�t believe them for a second) just flat; massive layoffs at Chrysler; more government borrowing to paint false facade. Trade deficit up sharply and new record for all of 2006 - $763 billion (the market last rallied with previous month�s improvement, and rallies with worsening, everything else was typical wall street b**l s**t meaning and based on nothing, ie., m&a, upgrade, etc.). Default rates up again. HSBC Holdings, the world's third largest bank, warned that provisions for bad debt will be some 20% higher than previously thought. SEC launch of insider trading (pervasive on fraudulent wall street) probe just tip of the iceberg. Negative savings rate (highest since great depression), factory output down, home inventories highest since last crash, defaults up, gm and ford sales down 17% and 19%, deficits trade/budget, dollar down and going lower, january jobs data weaker than the consensus estimate and below the average gain of 153,000 per month for all of 2006 and viewed as bearish......but no problemo if you�re a lunatic fraud on wall street. Personal Savings at Lowest Point Since 1933-- Great Depression's low. �Fake economic growth report from the administration. Mergers and acquisitions continue to cloud the picture facilitating the fraud. Having beat fraudulent alice-in-wonderland lunatic world of wall street expectations with Record Loss of $12.7 Billion, the rally in Ford�s stock continues..... riiiiight! Fake numbers also a plus. Ford Posts Record Loss of $12.7 Billion.....stock rallies on the news.....riiiiight! P/E ratios far beyond the mean particularly for this stage in the cycle for selected securities (ie., 80+, etc.). Higher oil prices and fake indicators report spark rally.....riiiiight! Report on leading economic indicators is delayed (very unusual unless you understand the greater complexity in fudging same.....not to worry, fans of frauds on wall street.....the lunatic frauds will also get their churn-and-earn commission dollars on the way down).Fed Chairman Bernanke begins to euphemistically discuss reality on capital hill. PAPER: Condo market in DC, Vegas, Miami and Boston has collapsed... Euro displaces dollar in bond markets...13 charged in Wall Street insider trading ring CNN International Higher oil prices and fake numbers spurs rally. More fake job numbers (at best, hamburger helpers, etc.). Foreclosures Rip Neighborhoods in Denver. Yahoo profit falls 61% but rallies 6% on b**l s**t alone. �Insider-Trading Ring Bust in US Fuels Hedge-Fund Concerns. Jawboning by kohn of print-those-worthless-dollars fed raises market.....riiiiight! The ism services index fell, but that was down from an unexpectedly and fake strong read a month earlier, manufacturing index up slightly to 51.4 (they must be counting hamburgers as manufactured goods in u.s......riiiiight!) but fed knows they�ve been printing worthless dollars like mad which of course is hyperinflationary and will come home to roost, along with huge debt/deficits, trade and budget, Stores Report Disappointing Dec. Sales, Gap Woes Deepen in Bleak Holiday Season. Ford and GM auto sales down 13%. More reports in defiance of reality, oil prices up, Dollar Slides...,every intelligent analyst/economist knows that the new home sales number from the government is a total lie that will be revised downward later, that the options scandals are pervasive in fraudulent america (100 investigations just tip of the iceberg), oil stocks continue to rally on lower oil prices, as previously on pipeline explosion in Nigeria, spill in Gulf, and sanctions for Iran, and sharp FALL in oil prices.....riiiiight!.....predictions of disappointing retail sales even with fire-sale discounted prices,..... Highest increase (2%) in 30 years for the wholesale price index, and as well, the core ppi (1.3%), GDP growth less than expected at 2%, dollar sharply lower, oil prices up, building permits down, all unexpectedly bad but great news in the fraudulent alice-in-wonderland lunatic world of wall street. New Record Quarterly Trade Deficit initially spurred lunatic market rally along with obfuscating but very commissionable merger activity. Core inflation a very unexpected unchanged .....riiiiight!.....spurs superstitious, devoid of reality, santa rally.� Investment Banks Post Record 2006 Profit .....daaaaah! Churning and earning on worthless paper, where is that commission dollar coming from even as america has ceded solvency/leadership in every economic measure. Even at the lofty record numbers the indices are worth roughly half their value based on precipitous fall of the dollar in only 5 years with further downside to go. Superstitious �Santa Claus rally�.....riiiiight! High oil price rally.....riiiiight!� Total� bulls**t ! Retail sales up a very unexpected 1%, riiiiight, at the same time inventories of such goods rising substantially (do you think they�re booking sales to �straw men/companies�.....I do!) and oil inventories down. Fake employment numbers (from the government.....riiiiight!) the impetus for previous b.s. rally despite falling sentiment and uptick in unemployment. The ism services index (financed by unsustainable deficit/debt spending and pushing/commissioning worthless paper) and jawboning/bulls**t from the housing industry (the end is near.....riiiiight!), obfuscating mergers continued to cloud the picture, closely-watched core-PCE deflator had risen a more than expected 0.2%, second sub-50 reading on manufacturing activity in as many sessions-the November ISM index unexpectedly fell to 49.5 (consensus 52.0), Chicago PMI fell to its lowest level (49.9%) in October, and below the 50 level, indicating contraction, crude prices up� (OIL PRICES RISE ABOVE $63 A BARREL...), DOLLAR RESUMES SLIDE, Fed Chairman Bernanke & Co. cheerleading/jawboning/bulls**t, 3.2% decline in new home sales, oil inventories down and oil prices up, oil producers shun the dollar, Russia and Opec shift revenues into euros, yen and sterling..., all very bad news anywhere but in the fraudulent alice-in-wonderland world of wall street. Durable goods orders fell sharply, sentiment down, but supposedly used home sales rose slightly (riiiiight.....who says; the realtors/government who have been talking up this bubble market?) albeit at sharply lower prices. DOLLAR PLUNGES TO NEAR 15-YEAR LOW� In other words, no good news to justify the ridiculous up move by the alice-in-wonderland frauds of wall street. Worthless dollar, triple deficits, stock/options scandals/corruption, as some speculate that fed is behind purchases/manipulation (through proxy) of worthless american paper now being shunned by more rational market players abroad.� MARKETS ROCKED BY LONG OVERDUE BUT STILL MODEST RELATIVE TO REALITY SHARP SLIDE IN DOLLAR...There has never been a time since 1929 when stock prices and p/e ratios were so irrationally high for this point in a bull cycle in this indisputable secular bear market, particularly with the existing unprecedented structural economic problems, ie., trade and budget deficits, worthless dollar, scandals, fraud, corruption , etc.. In fact, unemployment unexpectedly rose substantially and consumer sentiment unexpectedly but similarly realistically fell, both very negative exept in the� fraudulent alice-in-wonderland world of wall street. Indeed, the housing bubble bursting with ie., unexpected 14% decline in starts/permits, etc., led to rally in the fraudulent alice-in-wonderland world of wall street. Obfuscating mergers help preclude detection of this massive and pervasive fraud which defies analysis owing to these mergers. New talking pointing: dell numbers exceed expectations depending upon ongoing government scrutiny of their accounting practices.....riiiiight! More contrived manipulated markets and data well as that previous unexpected rise in that global hub of manufacturing activity, New York (worthless paper is their real product, etc.) �..riiiiight!�.. underpins fraudulent up move. Reassuring Fed speak, also known as b**l s**t, along with IPO�s (get the suckers in at the highs as in late 90�s market bubble), and shrugging off pervasive stock/options fraud as at, ie., KB Homes, etc., leave stocks ridiculously higher. Nations leaving the worthless dollar in droves for currencies backed by value and for precious metals. Based on the self-interested statement of typical fraud american and fed rep, we hear once again the wishful thought that housing has bottomed.....right! [Reality/Truth: US housing slump deepens, spreads]. Home depot rallies despite lower than expected results and lower guidance for the year.....right! Who is stupid enough to believe anything the fraudulent criminal americans say. They are printing worthless dollars like mad. Consumer sentiment actually previously fell and there was nothing but wall street lunacy to prop the fraudulent market. The republicans who lockstepped with war criminal dumbya bush deserved to lose. The frauds on wall street now looking for the new corporate welfare program for which to sell the sizzle ie., stem cells, etc.. The know-nothing pundits are now saying the up move without any rational basis is predicated upon the the falsity that gridlock in washington is welcomed and good because no regulation of, ie., fraud on wall street, etc., can be passed. How about a tax on stock trades to come directly from the traders' (traitors/frauds) bottom lines and provide a disincentive for the churn-and-earn fraud which is tantamount to a wasteful tax on the economy. Even token Christian paulison from jew fraud wall street couldn't stem the tide against the blatent zionist/neocon/bush co failure accross the board as the wall street frauds show record profits financed, albeit indirectly, by huge deficits, both trade and budget. Obfuscating mergers blur the picture to provide cover for up move talking points in defiance of reality.� Stagflation and full employment revisions pre-election.....riiiiight. Productivity comes in at a less than expected 0 (inflationary). The only surprise should have been that the number wasn't negative. The pundits are now saying that the market/wall street fraud is in a state of denial regarding economic fundamentals and that the market is substantially overbought, overvalued, overfrauded, over, etc., the manufacturing index coming in lower than expectations. Consumer sentiment unexpectedly fell.....daaaaah. Pre-election core inflation rate report good �..riiiiight�..but savings rate still negative and walmart sales/profits/outlook substantially below expectations but what the heck, they�re wallstreet lunatics/frauds and reality is no problem. Despite pre-election deficit spending, GNP comes in a less than expected paltry 1.6% increase with worthless falling dollar the catch-22 precluding reality avoidance and the worst yet to come. More nations leaving the worthless dollar as reserve currency even as frauds on wall street reach new highs (What are they smoking? Coking? or like the dollar just cracking) based on corporate welfare flows with money the nation doesn't have pre-election (record deficits). Housing prices continue their sharp decline as bubble deflates. GM only lost 115 million. Ford lost 5.8 billion and must restate earnings back to year 2000 is a bullish sign in the fraudulent alice-in-wonderland lunatic world of wall street. Typical pre-fed meeting rally to provide a cushion for any negative pronouncements which reality would require but are seldom forthcoming by the accommodative frauds who have similarly embraced unreality. Indeed, the gutless wimps of wall street think they're "tough" when they fraudulently take the market higher despite a clearly contrary fact based reality. Caterpillar relates the pervasive reality and the frauds on wallstreet intimidate same with sell off, ignoring pervasive options scandal/fraud and rallies Merck despite lower than expectation results.....riiiiight! Election year corporate welfare to prime the pump and the mock stock market with money the nation doesn�t have (increasing already huge deficits). CPI figures (upon which government inflation adjusted payment obligations are based) lower than expected�..riiiiight! Intel earnings/revenues down sharply but according to the lunatic frauds on wall street, beat expectations and stock rallies along with yahoo which as in the pre-dot com bust days says better days are a coming�.. riiiiight Core inflation rate which is closely watched by the Fed exceeds all expectations. Fraud Merrill Lynch has really been pushing and commissioning that worthless paper and reports record earnings, despite having produced nothing and for very little if any value added (that ill-gotten money has to come from somewhere-your pockets?). The big economic report awaiting scrutiny was the monthly trade deficit which was expected to narrow but in fact INCREASED to 69.9 billion. The alice-in-wonderland lunatic wall street frauds rallied on the news as the dollar precipitously fell. The Fed Chairman said there is a "substantial correction" in housing, which will probably shave about 1% off growth in the second half of the year. The Institute of Supply Management said its services index fell to 52.9 in September -- the lowest level since April 2003. Great News�.. riiiiight!..... Consumer Confidence Higher Than Expected... riiiiight!..... and housing starts were down sharply but not-as-bad-as-expectations game in play US Existing Home Sales Fall 0.5% in August; Sales Price Drops Existing-home prices fall for 1st time in 11 years along with fed jaw-boning pre-election that inflation has been licked .....riiiiight �..despite printing worthless dollars like they�re going out of style because they really are! Fed did nothing and stocks rallied, pre-election.....riiiiight! What about the reality of u.s. debt service at a record unsustainable $2 billion per day on a revolving $2 trillion charge account with ie., China, etc.. The fact that foreclosures are up and that there is projected new trade deficit record, fake government inflation numbers for election year purposes, housing starts down 6% means little to the alice-in-wonderland lunatic frauds of wall street and the so-called pundits including yahoo below. Almost all computerized volume is and must be considered heavy, manipulated, economically wasteful volume [stocks move contrary to rational analytical facts (ie., exceeded lowered expectations, things so bad interest rates can�t rise, exceeded expectations, no earnings but outlook extraordinary, the fed says booo as they print more worthless dollars to finance deficits, etc. ) is money in the bank for the frauds on wall street when they unwind said irrational positions ]. Philadelphia Federal Reserve announces that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, leading economic indicators fall .2%, and previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows with b**l s**t from Yahoo (which didn�t even reference the record unanticipated trade gap):

There is nothing to rationally justify the previous up move or mixed results in the market other than what is tantamount to a negative, and based upon spurious data from the government; ie., fake government numbers said total PPI rose a smaller than expected 0.1% (consensus 0.4%) in July, which was well below the 0.5% jump in June, while the more closely watched core rate (ex-food and energy) unexpectedly (RIIIIIGHT!) fell 0.3% (consensus +0.2%) -- the first decline since October and the largest drop since a 0.5% decline in April 2003. Home Sales Decline in 28 States, D.C.. Real estate prices down/stagnant. But housing stocks�..up.....riiiiight!.....in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down.� Martin Crutsinger, AP Economics Writer, previously wrote,� U.S. Trade Deficit Falls 0.3 Percent in June to $64.8B, Offsetting Jump in Chinese Imports. Dell Recall Stems From sony Production Flaw� WASHINGTON (AP) -- America's trade deficit showed a slight improvement as strong global growth pushed U.S. exports to a record level. That helped offset a surge in Chinese imports and record crude oil prices. The deficit declined 0.3 percent in June, compared with May, dropping to $64.8 billion, still the fifth largest imbalance on record, the Commerce Department reported Thursday. The deficit is running at an annual rate of $768 billion through the first six months of this year, putting the country on track to see a fifth straight record imbalance. Last year's deficit was $716.7 billion. Prior considerations remain apposite in this clearly overvalued market. The frauds on wall street feel compelled to continue their tradition/superstition/fraud tactic of buying on the rumor and selling on the news (fact) of the Fed�s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money.� Yahoo previously commented: Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance....., to which I responded, Wild..... I�ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported and will now join gm in worker buyouts; but both GM and Ford will now offer built-in ipods which should substantially help their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Analyst says GM good news now behind it (past/discounted), yet stock still rose upon said analysis �..riiiiight�.. daaaaah! Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal, maybe even suspension, that has cast a harsh light on Silicon Valley's compensation practices. Don�t forget that GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland lunatic world of wall street is of course good news. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid (approx.) 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it�s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very commissionable (investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $60; yes, as in the last crash, they will get fooled again� as stocks up sharply in the fraudulent alice-in-wonderland lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the pundits/analysts are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley (who also says that in Europe bush�s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the �better than expectations� game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. Spotlight on the Stock Option Scandal-The share prices of companies involved in stock options backdating have held up well compared to the broader market. But shareholders might be in for a rougher ride. Plus, why the Nasdaq has its hands full. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived pearl harbor effect)/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/ and the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what�s up is down and what�s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they�ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin� to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don�t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)

"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006

WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):

The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

(3-05-07) The lunatic frauds on wall street (what a joke wall street is!) are maniacal as lunatics suckers short-covering �bear market/higher oil prices/fake economic reports/fed speak rally� (based upon b**l s**t/fake reports even assuming fake growth rate though false, the decline of the fiat currency, the worthless dollar would negate same in real terms) (b.s. contrary to bernanke testimony before congress owing to previous implicit threat of prosecution for false statements)� into the close fueled by b**l s**t alone to trim yet only modest losses relative to reality to suck the suckers in; ie., as the Dow Jones industrial average down 63.69, S&P down 13.05, and NASDAQ down 27.32, all very commissionable on heavy volume, as in final pre-election result push for bush, which fell very short but has provided the same pump-priming of the market as most recently seen in 1999 which ended quite badly even without the exacerbating effects of huge unsustainable and debilitating debt/deficits deferring/delaying/prolonging the inevitable reality even as entire domestic u.s. industries are rendered what is tantamount to defunct and with corporate welfare unwisely spent (war crimes, etc.).Greenspan Warns of Likely U.S. Recession..... Everything is hunky doory says financial propaganda minister/comedian paulson (son of pat paulson?) while Moody�s says at least a 10% correction from fraudulent bubble highs is warranted/appropriate (I believe that to be a modest analytical view). Who would you believe? What do you expect a member of a failed administration to say? What�s changed? Nothing, as the frauds on wall street continue their commissionable ponzi scheme with borrowed (ie., japan, etc.) and suckers� funds.� Real estate experts say the pain/damage will exceed that of prior downturns since the great depression. Bernanke responds to recession prediction with b**l s**t (to his small credit he begrudgingly admits to looming fiscal crisis). Manufacturing activity in u.s. up say fake reports (what, paper/worthless dollars/ securities/packaging for imported goods/parts/components, etc.). �BROKERS AT 'TOP-TIER' FIRMS CHARGED IN INSIDER TRADING SCHEME JUST TIP OF THE ICEBERG. New home sales down 17%.....Durables down over seven percent. Are they going to fudge/falsify the GDP revision? Oil rise on US energy inventory data. Stagflation, fake reports understate fundamental weakness, higher oil prices rally. Housing starts down sharply, as investors, domestic and international, dramatically slow purchase of fiat currency/worthless us/dollar denominated stocks and bonds. Record real estate price slump; industrial production/utilization down. Record home price slump. Retail numbers at best (I don�t believe them for a second) just flat; massive layoffs at Chrysler; more government borrowing to paint false facade. Trade deficit up sharply and new record for all of 2006 - $763 billion (the market last rallied with previous month�s improvement, and rallies with worsening, everything else was typical wall street b**l s**t meaning and based on nothing, ie., m&a, upgrade, etc.). Default rates up again. HSBC Holdings, the world's third largest bank, warned that provisions for bad debt will be some 20% higher than previously thought. SEC launch of insider trading (pervasive on fraudulent wall street) probe just tip of the iceberg. Negative savings rate (highest since great depression), factory output down, home inventories highest since last crash, defaults up, gm and ford sales down 17% and 19%, deficits trade/budget, dollar down and going lower, january jobs data weaker than the consensus estimate and below the average gain of 153,000 per month for all of 2006 and viewed as bearish......but no problemo if you�re a lunatic fraud on wall street. Personal Savings at Lowest Point Since 1933-- Great Depression's low. �Fake economic growth report from the administration. Mergers and acquisitions continue to cloud the picture facilitating the fraud. Having beat fraudulent alice-in-wonderland lunatic world of wall street expectations with Record Loss of $12.7 Billion, the rally in Ford�s stock continues..... riiiiight! Fake numbers also a plus. Ford Posts Record Loss of $12.7 Billion.....stock rallies on the news.....riiiiight! P/E ratios far beyond the mean particularly for this stage in the cycle for selected securities (ie., 80+, etc.). Higher oil prices and fake indicators report spark rally.....riiiiight! Report on leading economic indicators is delayed (very unusual unless you understand the greater complexity in fudging same.....not to worry, fans of frauds on wall street.....the lunatic frauds will also get their churn-and-earn commission dollars on the way down).Fed Chairman Bernanke begins to euphemistically discuss reality on capital hill. PAPER: Condo market in DC, Vegas, Miami and Boston has collapsed... Euro displaces dollar in bond markets...13 charged in Wall Street insider trading ring CNN International Higher oil prices and fake numbers spurs rally. More fake job numbers (at best, hamburger helpers, etc.). Foreclosures Rip Neighborhoods in Denver. Yahoo profit falls 61% but rallies 6% on b**l s**t alone. �Insider-Trading Ring Bust in US Fuels Hedge-Fund Concerns. Jawboning by kohn of print-those-worthless-dollars fed raises market.....riiiiight! The ism services index fell, but that was down from an unexpectedly and fake strong read a month earlier, manufacturing index up slightly to 51.4 (they must be counting hamburgers as manufactured goods in u.s......riiiiight!) but fed knows they�ve been printing worthless dollars like mad which of course is hyperinflationary and will come home to roost, along with huge debt/deficits, trade and budget, Stores Report Disappointing Dec. Sales, Gap Woes Deepen in Bleak Holiday Season. Ford and GM auto sales down 13%. More reports in defiance of reality, oil prices up, Dollar Slides...,every intelligent analyst/economist knows that the new home sales number from the government is a total lie that will be revised downward later, that the options scandals are pervasive in fraudulent america (100 investigations just tip of the iceberg), oil stocks continue to rally on lower oil prices, as previously on pipeline explosion in Nigeria, spill in Gulf, and sanctions for Iran, and sharp FALL in oil prices.....riiiiight!.....predictions of disappointing retail sales even with fire-sale discounted prices,..... Highest increase (2%) in 30 years for the wholesale price index, and as well, the core ppi (1.3%), GDP growth less than expected at 2%, dollar sharply lower, oil prices up, building permits down, all unexpectedly bad but great news in the fraudulent alice-in-wonderland lunatic world of wall street. New Record Quarterly Trade Deficit initially spurred lunatic market rally along with obfuscating but very commissionable merger activity. Core inflation a very unexpected unchanged .....riiiiight!.....spurs superstitious, devoid of reality, santa rally.� Investment Banks Post Record 2006 Profit .....daaaaah! Churning and earning on worthless paper, where is that commission dollar coming from even as america has ceded solvency/leadership in every economic measure. Even at the lofty record numbers the indices are worth roughly half their value based on precipitous fall of the dollar in only 5 years with further downside to go. Superstitious �Santa Claus rally�.....riiiiight! High oil price rally.....riiiiight!� Total� bulls**t ! Retail sales up a very unexpected 1%, riiiiight, at the same time inventories of such goods rising substantially (do you think they�re booking sales to �straw men/companies�.....I do!) and oil inventories down. Fake employment numbers (from the government.....riiiiight!) the impetus for previous b.s. rally despite falling sentiment and uptick in unemployment. The ism services index (financed by unsustainable deficit/debt spending and pushing/commissioning worthless paper) and jawboning/bulls**t from the housing industry (the end is near.....riiiiight!), obfuscating mergers continued to cloud the picture, closely-watched core-PCE deflator had risen a more than expected 0.2%, second sub-50 reading on manufacturing activity in as many sessions-the November ISM index unexpectedly fell to 49.5 (consensus 52.0), Chicago PMI fell to its lowest level (49.9%) in October, and below the 50 level, indicating contraction, crude prices up� (OIL PRICES RISE ABOVE $63 A BARREL...), DOLLAR RESUMES SLIDE, Fed Chairman Bernanke & Co. cheerleading/jawboning/bulls**t, 3.2% decline in new home sales, oil inventories down and oil prices up, oil producers shun the dollar, Russia and Opec shift revenues into euros, yen and sterling..., all very bad news anywhere but in the fraudulent alice-in-wonderland world of wall street. Durable goods orders fell sharply, sentiment down, but supposedly used home sales rose slightly (riiiiight.....who says; the realtors/government who have been talking up this bubble market?) albeit at sharply lower prices. DOLLAR PLUNGES TO NEAR 15-YEAR LOW� In other words, no good news to justify the ridiculous up move by the alice-in-wonderland frauds of wall street. Worthless dollar, triple deficits, stock/options scandals/corruption, as some speculate that fed is behind purchases/manipulation (through proxy) of worthless american paper now being shunned by more rational market players abroad.� MARKETS ROCKED BY LONG OVERDUE BUT STILL MODEST RELATIVE TO REALITY SHARP SLIDE IN DOLLAR...There has never been a time since 1929 when stock prices and p/e ratios were so irrationally high for this point in a bull cycle in this indisputable secular bear market, particularly with the existing unprecedented structural economic problems, ie., trade and budget deficits, worthless dollar, scandals, fraud, corruption , etc.. In fact, unemployment unexpectedly rose substantially and consumer sentiment unexpectedly but similarly realistically fell, both very negative exept in the� fraudulent alice-in-wonderland world of wall street. Indeed, the housing bubble bursting with ie., unexpected 14% decline in starts/permits, etc., led to rally in the fraudulent alice-in-wonderland world of wall street. Obfuscating mergers help preclude detection of this massive and pervasive fraud which defies analysis owing to these mergers. New talking pointing: dell numbers exceed expectations depending upon ongoing government scrutiny of their accounting practices.....riiiiight! More contrived manipulated markets and data well as that previous unexpected rise in that global hub of manufacturing activity, New York (worthless paper is their real product, etc.) �..riiiiight!�.. underpins fraudulent up move. Reassuring Fed speak, also known as b**l s**t, along with IPO�s (get the suckers in at the highs as in late 90�s market bubble), and shrugging off pervasive stock/options fraud as at, ie., KB Homes, etc., leave stocks ridiculously higher. Nations leaving the worthless dollar in droves for currencies backed by value and for precious metals. Based on the self-interested statement of typical fraud american and fed rep, we hear once again the wishful thought that housing has bottomed.....right! [Reality/Truth: US housing slump deepens, spreads]. Home depot rallies despite lower than expected results and lower guidance for the year.....right! Who is stupid enough to believe anything the fraudulent criminal americans say. They are printing worthless dollars like mad. Consumer sentiment actually previously fell and there was nothing but wall street lunacy to prop the fraudulent market. The republicans who lockstepped with war criminal dumbya bush deserved to lose. The frauds on wall street now looking for the new corporate welfare program for which to sell the sizzle ie., stem cells, etc.. The know-nothing pundits are now saying the up move without any rational basis is predicated upon the the falsity that gridlock in washington is welcomed and good because no regulation of, ie., fraud on wall street, etc., can be passed. How about a tax on stock trades to come directly from the traders' (traitors/frauds) bottom lines and provide a disincentive for the churn-and-earn fraud which is tantamount to a wasteful tax on the economy. Even token Christian paulison from jew fraud wall street couldn't stem the tide against the blatent zionist/neocon/bush co failure accross the board as the wall street frauds show record profits financed, albeit indirectly, by huge deficits, both trade and budget. Obfuscating mergers blur the picture to provide cover for up move talking points in defiance of reality.� Stagflation and full employment revisions pre-election.....riiiiight. Productivity comes in at a less than expected 0 (inflationary). The only surprise should have been that the number wasn't negative. The pundits are now saying that the market/wall street fraud is in a state of denial regarding economic fundamentals and that the market is substantially overbought, overvalued, overfrauded, over, etc., the manufacturing index coming in lower than expectations. Consumer sentiment unexpectedly fell.....daaaaah. Pre-election core inflation rate report good �..riiiiight�..but savings rate still negative and walmart sales/profits/outlook substantially below expectations but what the heck, they�re wallstreet lunatics/frauds and reality is no problem. Despite pre-election deficit spending, GNP comes in a less than expected paltry 1.6% increase with worthless falling dollar the catch-22 precluding reality avoidance and the worst yet to come. More nations leaving the worthless dollar as reserve currency even as frauds on wall street reach new highs (What are they smoking? Coking? or like the dollar just cracking) based on corporate welfare flows with money the nation doesn't have pre-election (record deficits). Housing prices continue their sharp decline as bubble deflates. GM only lost 115 million. Ford lost 5.8 billion and must restate earnings back to year 2000 is a bullish sign in the fraudulent alice-in-wonderland lunatic world of wall street. Typical pre-fed meeting rally to provide a cushion for any negative pronouncements which reality would require but are seldom forthcoming by the accommodative frauds who have similarly embraced unreality. Indeed, the gutless wimps of wall street think they're "tough" when they fraudulently take the market higher despite a clearly contrary fact based reality. Caterpillar relates the pervasive reality and the frauds on wallstreet intimidate same with sell off, ignoring pervasive options scandal/fraud and rallies Merck despite lower than expectation results.....riiiiight! Election year corporate welfare to prime the pump and the mock stock market with money the nation doesn�t have (increasing already huge deficits). CPI figures (upon which government inflation adjusted payment obligations are based) lower than expected�..riiiiight! Intel earnings/revenues down sharply but according to the lunatic frauds on wall street, beat expectations and stock rallies along with yahoo which as in the pre-dot com bust days says better days are a coming�.. riiiiight Core inflation rate which is closely watched by the Fed exceeds all expectations. Fraud Merrill Lynch has really been pushing and commissioning that worthless paper and reports record earnings, despite having produced nothing and for very little if any value added (that ill-gotten money has to come from somewhere-your pockets?). The big economic report awaiting scrutiny was the monthly trade deficit which was expected to narrow but in fact INCREASED to 69.9 billion. The alice-in-wonderland lunatic wall street frauds rallied on the news as the dollar precipitously fell. The Fed Chairman said there is a "substantial correction" in housing, which will probably shave about 1% off growth in the second half of the year. The Institute of Supply Management said its services index fell to 52.9 in September -- the lowest level since April 2003. Great News�.. riiiiight!..... Consumer Confidence Higher Than Expected... riiiiight!..... and housing starts were down sharply but not-as-bad-as-expectations game in play US Existing Home Sales Fall 0.5% in August; Sales Price Drops Existing-home prices fall for 1st time in 11 years along with fed jaw-boning pre-election that inflation has been licked .....riiiiight �..despite printing worthless dollars like they�re going out of style because they really are! Fed did nothing and stocks rallied, pre-election.....riiiiight! What about the reality of u.s. debt service at a record unsustainable $2 billion per day on a revolving $2 trillion charge account with ie., China, etc.. The fact that foreclosures are up and that there is projected new trade deficit record, fake government inflation numbers for election year purposes, housing starts down 6% means little to the alice-in-wonderland lunatic frauds of wall street and the so-called pundits including yahoo below. Almost all computerized volume is and must be considered heavy, manipulated, economically wasteful volume [stocks move contrary to rational analytical facts (ie., exceeded lowered expectations, things so bad interest rates can�t rise, exceeded expectations, no earnings but outlook extraordinary, the fed says booo as they print more worthless dollars to finance deficits, etc. ) is money in the bank for the frauds on wall street when they unwind said irrational positions ]. Philadelphia Federal Reserve announces that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, leading economic indicators fall .2%, and previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows with b**l s**t from Yahoo (which didn�t even reference the record unanticipated trade gap):

There is nothing to rationally justify the previous up move or mixed results in the market other than what is tantamount to a negative, and based upon spurious data from the government; ie., fake government numbers said total PPI rose a smaller than expected 0.1% (consensus 0.4%) in July, which was well below the 0.5% jump in June, while the more closely watched core rate (ex-food and energy) unexpectedly (RIIIIIGHT!) fell 0.3% (consensus +0.2%) -- the first decline since October and the largest drop since a 0.5% decline in April 2003. Home Sales Decline in 28 States, D.C.. Real estate prices down/stagnant. But housing stocks�..up.....riiiiight!.....in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down.� Martin Crutsinger, AP Economics Writer, previously wrote,� U.S. Trade Deficit Falls 0.3 Percent in June to $64.8B, Offsetting Jump in Chinese Imports. Dell Recall Stems From sony Production Flaw� WASHINGTON (AP) -- America's trade deficit showed a slight improvement as strong global growth pushed U.S. exports to a record level. That helped offset a surge in Chinese imports and record crude oil prices. The deficit declined 0.3 percent in June, compared with May, dropping to $64.8 billion, still the fifth largest imbalance on record, the Commerce Department reported Thursday. The deficit is running at an annual rate of $768 billion through the first six months of this year, putting the country on track to see a fifth straight record imbalance. Last year's deficit was $716.7 billion. Prior considerations remain apposite in this clearly overvalued market. The frauds on wall street feel compelled to continue their tradition/superstition/fraud tactic of buying on the rumor and selling on the news (fact) of the Fed�s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money.� Yahoo previously commented: Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance....., to which I responded, Wild..... I�ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported and will now join gm in worker buyouts; but both GM and Ford will now offer built-in ipods which should substantially help their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Analyst says GM good news now behind it (past/discounted), yet stock still rose upon said analysis �..riiiiight�.. daaaaah! Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal, maybe even suspension, that has cast a harsh light on Silicon Valley's compensation practices. Don�t forget that GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland lunatic world of wall street is of course good news. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid (approx.) 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it�s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very commissionable (investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $60; yes, as in the last crash, they will get fooled again� as stocks up sharply in the fraudulent alice-in-wonderland lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the pundits/analysts are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley (who also says that in Europe bush�s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the �better than expectations� game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. Spotlight on the Stock Option Scandal-The share prices of companies involved in stock options backdating have held up well compared to the broader market. But shareholders might be in for a rougher ride. Plus, why the Nasdaq has its hands full. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived pearl harbor effect)/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/ and the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what�s up is down and what�s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they�ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin� to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don�t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)

"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006

WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):

The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

(3-02-07) The lunatic frauds on wall street (what a joke wall street is!) are maniacal as lunatics suckers short-covering �bear market/higher oil prices/fake economic reports/fed speak rally� (based upon b**l s**t/fake reports even assuming fake growth rate though false, the decline of the fiat currency, the worthless dollar would negate same in real terms) (b.s. contrary to bernanke testimony before congress owing to previous implicit threat of prosecution for false statements)� into the close fueled by b**l s**t alone to trim yet only modest losses relative to reality to suck the suckers in; ie., as the Dow Jones industrial average down 120.24, S&P down 16.00, and NASDAQ down 36.21, all very commissionable on heavy volume, as in final pre-election result push for bush, which fell very short but has provided the same pump-priming of the market as most recently seen in 1999 which ended quite badly even without the exacerbating effects of huge unsustainable and debilitating debt/deficits deferring/delaying/prolonging the inevitable reality even as entire domestic u.s. industries are rendered what is tantamount to defunct and with corporate welfare unwisely spent (war crimes, etc.). Greenspan Warns of Likely U.S. Recession..... Bernanke responds with b**l s**t (to his small credit he begrudgingly admits to looming fiscal crisis). Manufacturing activity in u.s. up say fake reports (what, paper/worthless dollars/securities/packaging for imported goods/parts/components, etc.). �BROKERS AT 'TOP-TIER' FIRMS CHARGED IN INSIDER TRADING SCHEME JUST TIP OF THE ICEBERG. New home sales down 17%.....Durables down over seven percent. Are they going to fudge/falsify the GDP revision? Oil rise on US energy inventory data. Stagflation, fake reports understate fundamental weakness, higher oil prices rally. Housing starts down sharply, as investors, domestic and international, dramatically slow purchase of fiat currency/worthless us/dollar denominated stocks and bonds. Record real estate price slump; industrial production/utilization down. Record home price slump. Retail numbers at best (I don�t believe them for a second) just flat; massive layoffs at Chrysler; more government borrowing to paint false facade. Trade deficit up sharply and new record for all of 2006 - $763 billion (the market last rallied with previous month�s improvement, and rallies with worsening, everything else was typical wall street b**l s**t meaning and based on nothing, ie., m&a, upgrade, etc.). Default rates up again. HSBC Holdings, the world's third largest bank, warned that provisions for bad debt will be some 20% higher than previously thought. SEC launch of insider trading (pervasive on fraudulent wall street) probe just tip of the iceberg. Negative savings rate (highest since great depression), factory output down, home inventories highest since last crash, defaults up, gm and ford sales down 17% and 19%, deficits trade/budget, dollar down and going lower, january jobs data weaker than the consensus estimate and below the average gain of 153,000 per month for all of 2006 and viewed as bearish......but no problemo if you�re a lunatic fraud on wall street. Fake economic growth report from the administration. Mergers and acquisitions continue to cloud the picture facilitating the fraud. Having beat fraudulent alice-in-wonderland lunatic world of wall street expectations with Record Loss of $12.7 Billion, the rally in Ford�s stock continues..... riiiiight! Fake numbers also a plus. Ford Posts Record Loss of $12.7 Billion.....stock rallies on the news.....riiiiight! P/E ratios far beyond the mean particularly for this stage in the cycle for selected securities (ie., 80+, etc.). Higher oil prices and fake indicators report spark rally.....riiiiight! Report on leading economic indicators is delayed (very unusual unless you understand the greater complexity in fudging same.....not to worry, fans of frauds on wall street.....the lunatic frauds will also get their churn-and-earn commission dollars on the way down).Fed Chairman Bernanke begins to euphemistically discuss reality on capital hill. PAPER: Condo market in DC, Vegas, Miami and Boston has collapsed... Euro displaces dollar in bond markets...13 charged in Wall Street insider trading ring CNN International Higher oil prices and fake numbers spurs rally. More fake job numbers (at best, hamburger helpers, etc.). Yahoo profit falls 61% but rallies 6% on b**l s**t alone. Jawboning by kohn of print-those-worthless-dollars fed raises market.....riiiiight! The ism services index fell, but that was down from an unexpectedly and fake strong read a month earlier, manufacturing index up slightly to 51.4 (they must be counting hamburgers as manufactured goods in u.s......riiiiight!) but fed knows they�ve been printing worthless dollars like mad which of course is hyperinflationary and will come home to roost, along with huge debt/deficits, trade and budget, Stores Report Disappointing Dec. Sales, Gap Woes Deepen in Bleak Holiday Season. Ford and GM auto sales down 13%. More reports in defiance of reality, oil prices up, Dollar Slides...,every intelligent analyst/economist knows that the new home sales number from the government is a total lie that will be revised downward later, that the options scandals are pervasive in fraudulent america (100 investigations just tip of the iceberg), oil stocks continue to rally on lower oil prices, as previously on pipeline explosion in Nigeria, spill in Gulf, and sanctions for Iran, and sharp FALL in oil prices.....riiiiight!.....predictions of disappointing retail sales even with fire-sale discounted prices,..... Highest increase (2%) in 30 years for the wholesale price index, and as well, the core ppi (1.3%), GDP growth less than expected at 2%, dollar sharply lower, oil prices up, building permits down, all unexpectedly bad but great news in the fraudulent alice-in-wonderland lunatic world of wall street. New Record Quarterly Trade Deficit initially spurred lunatic market rally along with obfuscating but very commissionable merger activity. Core inflation a very unexpected unchanged .....riiiiight!.....spurs superstitious, devoid of reality, santa rally.� Investment Banks Post Record 2006 Profit .....daaaaah! Churning and earning on worthless paper, where is that commission dollar coming from even as america has ceded solvency/leadership in every economic measure. Even at the lofty record numbers the indices are worth roughly half their value based on precipitous fall of the dollar in only 5 years with further downside to go. Superstitious �Santa Claus rally�.....riiiiight! High oil price rally.....riiiiight!� Total� bulls**t ! Retail sales up a very unexpected 1%, riiiiight, at the same time inventories of such goods rising substantially (do you think they�re booking sales to �straw men/companies�.....I do!) and oil inventories down. Fake employment numbers (from the government.....riiiiight!) the impetus for previous b.s. rally despite falling sentiment and uptick in unemployment. The ism services index (financed by unsustainable deficit/debt spending and pushing/commissioning worthless paper) and jawboning/bulls**t from the housing industry (the end is near.....riiiiight!), obfuscating mergers continued to cloud the picture, closely-watched core-PCE deflator had risen a more than expected 0.2%, second sub-50 reading on manufacturing activity in as many sessions-the November ISM index unexpectedly fell to 49.5 (consensus 52.0), Chicago PMI fell to its lowest level (49.9%) in October, and below the 50 level, indicating contraction, crude prices up� (OIL PRICES RISE ABOVE $63 A BARREL...), DOLLAR RESUMES SLIDE, Fed Chairman Bernanke & Co. cheerleading/jawboning/bulls**t, 3.2% decline in new home sales, oil inventories down and oil prices up, oil producers shun the dollar, Russia and Opec shift revenues into euros, yen and sterling..., all very bad news anywhere but in the fraudulent alice-in-wonderland world of wall street. Durable goods orders fell sharply, sentiment down, but supposedly used home sales rose slightly (riiiiight.....who says; the realtors/government who have been talking up this bubble market?) albeit at sharply lower prices. DOLLAR PLUNGES TO NEAR 15-YEAR LOW� In other words, no good news to justify the ridiculous up move by the alice-in-wonderland frauds of wall street. Worthless dollar, triple deficits, stock/options scandals/corruption, as some speculate that fed is behind purchases/manipulation (through proxy) of worthless american paper now being shunned by more rational market players abroad.� MARKETS ROCKED BY LONG OVERDUE BUT STILL MODEST RELATIVE TO REALITY SHARP SLIDE IN DOLLAR...There has never been a time since 1929 when stock prices and p/e ratios were so irrationally high for this point in a bull cycle in this indisputable secular bear market, particularly with the existing unprecedented structural economic problems, ie., trade and budget deficits, worthless dollar, scandals, fraud, corruption , etc.. In fact, unemployment unexpectedly rose substantially and consumer sentiment unexpectedly but similarly realistically fell, both very negative exept in the� fraudulent alice-in-wonderland world of wall street. Indeed, the housing bubble bursting with ie., unexpected 14% decline in starts/permits, etc., led to rally in the fraudulent alice-in-wonderland world of wall street. Obfuscating mergers help preclude detection of this massive and pervasive fraud which defies analysis owing to these mergers. New talking pointing: dell numbers exceed expectations depending upon ongoing government scrutiny of their accounting practices.....riiiiight! More contrived manipulated markets and data well as that previous unexpected rise in that global hub of manufacturing activity, New York (worthless paper is their real product, etc.) �..riiiiight!�.. underpins fraudulent up move. Reassuring Fed speak, also known as b**l s**t, along with IPO�s (get the suckers in at the highs as in late 90�s market bubble), and shrugging off pervasive stock/options fraud as at, ie., KB Homes, etc., leave stocks ridiculously higher. Nations leaving the worthless dollar in droves for currencies backed by value and for precious metals. Based on the self-interested statement of typical fraud american and fed rep, we hear once again the wishful thought that housing has bottomed.....right! [Reality/Truth: US housing slump deepens, spreads]. Home depot rallies despite lower than expected results and lower guidance for the year.....right! Who is stupid enough to believe anything the fraudulent criminal americans say. They are printing worthless dollars like mad. Consumer sentiment actually previously fell and there was nothing but wall street lunacy to prop the fraudulent market. The republicans who lockstepped with war criminal dumbya bush deserved to lose. The frauds on wall street now looking for the new corporate welfare program for which to sell the sizzle ie., stem cells, etc.. The know-nothing pundits are now saying the up move without any rational basis is predicated upon the the falsity that gridlock in washington is welcomed and good because no regulation of, ie., fraud on wall street, etc., can be passed. How about a tax on stock trades to come directly from the traders' (traitors/frauds) bottom lines and provide a disincentive for the churn-and-earn fraud which is tantamount to a wasteful tax on the economy. Even token Christian paulison from jew fraud wall street couldn't stem the tide against the blatent zionist/neocon/bush co failure accross the board as the wall street frauds show record profits financed, albeit indirectly, by huge deficits, both trade and budget. Obfuscating mergers blur the picture to provide cover for up move talking points in defiance of reality.� Stagflation and full employment revisions pre-election.....riiiiight. Productivity comes in at a less than expected 0 (inflationary). The only surprise should have been that the number wasn't negative. The pundits are now saying that the market/wall street fraud is in a state of denial regarding economic fundamentals and that the market is substantially overbought, overvalued, overfrauded, over, etc., the manufacturing index coming in lower than expectations. Consumer sentiment unexpectedly fell.....daaaaah. Pre-election core inflation rate report good �..riiiiight�..but savings rate still negative and walmart sales/profits/outlook substantially below expectations but what the heck, they�re wallstreet lunatics/frauds and reality is no problem. Despite pre-election deficit spending, GNP comes in a less than expected paltry 1.6% increase with worthless falling dollar the catch-22 precluding reality avoidance and the worst yet to come. More nations leaving the worthless dollar as reserve currency even as frauds on wall street reach new highs (What are they smoking? Coking? or like the dollar just cracking) based on corporate welfare flows with money the nation doesn't have pre-election (record deficits). Housing prices continue their sharp decline as bubble deflates. GM only lost 115 million. Ford lost 5.8 billion and must restate earnings back to year 2000 is a bullish sign in the fraudulent alice-in-wonderland lunatic world of wall street. Typical pre-fed meeting rally to provide a cushion for any negative pronouncements which reality would require but are seldom forthcoming by the accommodative frauds who have similarly embraced unreality. Indeed, the gutless wimps of wall street think they're "tough" when they fraudulently take the market higher despite a clearly contrary fact based reality. Caterpillar relates the pervasive reality and the frauds on wallstreet intimidate same with sell off, ignoring pervasive options scandal/fraud and rallies Merck despite lower than expectation results.....riiiiight! Election year corporate welfare to prime the pump and the mock stock market with money the nation doesn�t have (increasing already huge deficits). CPI figures (upon which government inflation adjusted payment obligations are based) lower than expected�..riiiiight! Intel earnings/revenues down sharply but according to the lunatic frauds on wall street, beat expectations and stock rallies along with yahoo which as in the pre-dot com bust days says better days are a coming�.. riiiiight Core inflation rate which is closely watched by the Fed exceeds all expectations. Fraud Merrill Lynch has really been pushing and commissioning that worthless paper and reports record earnings, despite having produced nothing and for very little if any value added (that ill-gotten money has to come from somewhere-your pockets?). The big economic report awaiting scrutiny was the monthly trade deficit which was expected to narrow but in fact INCREASED to 69.9 billion. The alice-in-wonderland lunatic wall street frauds rallied on the news as the dollar precipitously fell. The Fed Chairman said there is a "substantial correction" in housing, which will probably shave about 1% off growth in the second half of the year. The Institute of Supply Management said its services index fell to 52.9 in September -- the lowest level since April 2003. Great News�.. riiiiight!..... Consumer Confidence Higher Than Expected... riiiiight!..... and housing starts were down sharply but not-as-bad-as-expectations game in play US Existing Home Sales Fall 0.5% in August; Sales Price Drops Existing-home prices fall for 1st time in 11 years along with fed jaw-boning pre-election that inflation has been licked .....riiiiight �..despite printing worthless dollars like they�re going out of style because they really are! Fed did nothing and stocks rallied, pre-election.....riiiiight! What about the reality of u.s. debt service at a record unsustainable $2 billion per day on a revolving $2 trillion charge account with ie., China, etc.. The fact that foreclosures are up and that there is projected new trade deficit record, fake government inflation numbers for election year purposes, housing starts down 6% means little to the alice-in-wonderland lunatic frauds of wall street and the so-called pundits including yahoo below. Almost all computerized volume is and must be considered heavy, manipulated, economically wasteful volume [stocks move contrary to rational analytical facts (ie., exceeded lowered expectations, things so bad interest rates can�t rise, exceeded expectations, no earnings but outlook extraordinary, the fed says booo as they print more worthless dollars to finance deficits, etc. ) is money in the bank for the frauds on wall street when they unwind said irrational positions ]. Philadelphia Federal Reserve announces that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, leading economic indicators fall .2%, and previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows with b**l s**t from Yahoo (which didn�t even reference the record unanticipated trade gap):

There is nothing to rationally justify the previous up move or mixed results in the market other than what is tantamount to a negative, and based upon spurious data from the government; ie., fake government numbers said total PPI rose a smaller than expected 0.1% (consensus 0.4%) in July, which was well below the 0.5% jump in June, while the more closely watched core rate (ex-food and energy) unexpectedly (RIIIIIGHT!) fell 0.3% (consensus +0.2%) -- the first decline since October and the largest drop since a 0.5% decline in April 2003. Home Sales Decline in 28 States, D.C.. Real estate prices down/stagnant. But housing stocks�..up.....riiiiight!.....in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down.� Martin Crutsinger, AP Economics Writer, previously wrote,� U.S. Trade Deficit Falls 0.3 Percent in June to $64.8B, Offsetting Jump in Chinese Imports. Dell Recall Stems From sony Production Flaw� WASHINGTON (AP) -- America's trade deficit showed a slight improvement as strong global growth pushed U.S. exports to a record level. That helped offset a surge in Chinese imports and record crude oil prices. The deficit declined 0.3 percent in June, compared with May, dropping to $64.8 billion, still the fifth largest imbalance on record, the Commerce Department reported Thursday. The deficit is running at an annual rate of $768 billion through the first six months of this year, putting the country on track to see a fifth straight record imbalance. Last year's deficit was $716.7 billion. Prior considerations remain apposite in this clearly overvalued market. The frauds on wall street feel compelled to continue their tradition/superstition/fraud tactic of buying on the rumor and selling on the news (fact) of the Fed�s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money.� Yahoo previously commented: Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance....., to which I responded, Wild..... I�ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported and will now join gm in worker buyouts; but both GM and Ford will now offer built-in ipods which should substantially help their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Analyst says GM good news now behind it (past/discounted), yet stock still rose upon said analysis �..riiiiight�.. daaaaah! Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal, maybe even suspension, that has cast a harsh light on Silicon Valley's compensation practices. Don�t forget that GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland lunatic world of wall street is of course good news. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid (approx.) 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it�s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very commissionable (investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $61; yes, as in the last crash, they will get fooled again� as stocks up sharply in the fraudulent alice-in-wonderland lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the pundits/analysts are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley (who also says that in Europe bush�s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the �better than expectations� game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. Spotlight on the Stock Option Scandal-The share prices of companies involved in stock options backdating have held up well compared to the broader market. But shareholders might be in for a rougher ride. Plus, why the Nasdaq has its hands full. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived pearl harbor effect)/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/ and the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what�s up is down and what�s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they�ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin� to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don�t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)

"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006

WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):

The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

(3-01-07) The lunatic frauds on wall street (what a joke wall street is!) are maniacal as lunatics suckers short-covering �bear market/higher oil prices/fake economic reports/fed speak rally� (based upon b**l s**t/fake reports even assuming fake growth rate though false, the decline of the fiat currency, the worthless dollar would negate same in real terms) (b.s. contrary to bernanke testimony before congress owing to previous implicit threat of prosecution for false statements)� into the close fueled by b**l s**t alone to trim yet only modest losses relative to reality to suck the suckers in; ie., as the Dow Jones industrial average down 34.29, S&P down 3.65, and NASDAQ down 11.94, all very commissionable on heavy volume, as in final pre-election result push for bush, which fell very short but has provided the same pump-priming of the market as most recently seen in 1999 which ended quite badly even without the exacerbating effects of huge unsustainable and debilitating debt/deficits deferring/delaying/prolonging the inevitable reality even as entire domestic u.s. industries are rendered what is tantamount to defunct and with corporate welfare unwisely spent (war crimes, etc.). Greenspan Warns of Likely U.S. Recession..... Bernanke responds with b**l s**t (to his small credit he begrudgingly admits to looming fiscal crisis). Manufacturing activity in u.s. up say fake reports (what, paper/worthless dollars/securities/packaging for imported goods/parts/components, etc.). �BROKERS AT 'TOP-TIER' FIRMS CHARGED IN INSIDER TRADING SCHEME JUST TIP OF THE ICEBERG. New home sales down 17%.....Durables down over seven percent. Are they going to fudge/falsify the GDP revision? Oil rise on US energy inventory data. Stagflation, fake reports understate fundamental weakness, higher oil prices rally. Housing starts down sharply, as investors, domestic and international, dramatically slow purchase of fiat currency/worthless us/dollar denominated stocks and bonds. Record real estate price slump; industrial production/utilization down. Record home price slump. Retail numbers at best (I don�t believe them for a second) just flat; massive layoffs at Chrysler; more government borrowing to paint false facade. Trade deficit up sharply and new record for all of 2006 - $763 billion (the market last rallied with previous month�s improvement, and rallies with worsening, everything else was typical wall street b**l s**t meaning and based on nothing, ie., m&a, upgrade, etc.). Default rates up again. HSBC Holdings, the world's third largest bank, warned that provisions for bad debt will be some 20% higher than previously thought. SEC launch of insider trading (pervasive on fraudulent wall street) probe just tip of the iceberg. Negative savings rate (highest since great depression), factory output down, home inventories highest since last crash, defaults up, gm and ford sales down 17% and 19%, deficits trade/budget, dollar down and going lower, january jobs data weaker than the consensus estimate and below the average gain of 153,000 per month for all of 2006 and viewed as bearish......but no problemo if you�re a lunatic fraud on wall street. Fake economic growth report from the administration. Mergers and acquisitions continue to cloud the picture facilitating the fraud. Having beat fraudulent alice-in-wonderland lunatic world of wall street expectations with Record Loss of $12.7 Billion, the rally in Ford�s stock continues..... riiiiight! Fake numbers also a plus. Ford Posts Record Loss of $12.7 Billion.....stock rallies on the news.....riiiiight! P/E ratios far beyond the mean particularly for this stage in the cycle for selected securities (ie., 80+, etc.). Higher oil prices and fake indicators report spark rally.....riiiiight! Report on leading economic indicators is delayed (very unusual unless you understand the greater complexity in fudging same.....not to worry, fans of frauds on wall street.....the lunatic frauds will also get their churn-and-earn commission dollars on the way down).Fed Chairman Bernanke begins to euphemistically discuss reality on capital hill. PAPER: Condo market in DC, Vegas, Miami and Boston has collapsed... Euro displaces dollar in bond markets...13 charged in Wall Street insider trading ring CNN International Higher oil prices and fake numbers spurs rally. More fake job numbers (at best, hamburger helpers, etc.). Yahoo profit falls 61% but rallies 6% on b**l s**t alone. Jawboning by kohn of print-those-worthless-dollars fed raises market.....riiiiight! The ism services index fell, but that was down from an unexpectedly and fake strong read a month earlier, manufacturing index up slightly to 51.4 (they must be counting hamburgers as manufactured goods in u.s......riiiiight!) but fed knows they�ve been printing worthless dollars like mad which of course is hyperinflationary and will come home to roost, along with huge debt/deficits, trade and budget, Stores Report Disappointing Dec. Sales, Gap Woes Deepen in Bleak Holiday Season. Ford and GM auto sales down 13%. More reports in defiance of reality, oil prices up, Dollar Slides...,every intelligent analyst/economist knows that the new home sales number from the government is a total lie that will be revised downward later, that the options scandals are pervasive in fraudulent america (100 investigations just tip of the iceberg), oil stocks continue to rally on lower oil prices, as previously on pipeline explosion in Nigeria, spill in Gulf, and sanctions for Iran, and sharp FALL in oil prices.....riiiiight!.....predictions of disappointing retail sales even with fire-sale discounted prices,..... Highest increase (2%) in 30 years for the wholesale price index, and as well, the core ppi (1.3%), GDP growth less than expected at 2%, dollar sharply lower, oil prices up, building permits down, all unexpectedly bad but great news in the fraudulent alice-in-wonderland lunatic world of wall street. New Record Quarterly Trade Deficit initially spurred lunatic market rally along with obfuscating but very commissionable merger activity. Core inflation a very unexpected unchanged .....riiiiight!.....spurs superstitious, devoid of reality, santa rally.� Investment Banks Post Record 2006 Profit .....daaaaah! Churning and earning on worthless paper, where is that commission dollar coming from even as america has ceded solvency/leadership in every economic measure. Even at the lofty record numbers the indices are worth roughly half their value based on precipitous fall of the dollar in only 5 years with further downside to go. Superstitious �Santa Claus rally�.....riiiiight! High oil price rally.....riiiiight!� Total� bulls**t ! Retail sales up a very unexpected 1%, riiiiight, at the same time inventories of such goods rising substantially (do you think they�re booking sales to �straw men/companies�.....I do!) and oil inventories down. Fake employment numbers (from the government.....riiiiight!) the impetus for previous b.s. rally despite falling sentiment and uptick in unemployment. The ism services index (financed by unsustainable deficit/debt spending and pushing/commissioning worthless paper) and jawboning/bulls**t from the housing industry (the end is near.....riiiiight!), obfuscating mergers continued to cloud the picture, closely-watched core-PCE deflator had risen a more than expected 0.2%, second sub-50 reading on manufacturing activity in as many sessions-the November ISM index unexpectedly fell to 49.5 (consensus 52.0), Chicago PMI fell to its lowest level (49.9%) in October, and below the 50 level, indicating contraction, crude prices up� (OIL PRICES RISE ABOVE $63 A BARREL...), DOLLAR RESUMES SLIDE, Fed Chairman Bernanke & Co. cheerleading/jawboning/bulls**t, 3.2% decline in new home sales, oil inventories down and oil prices up, oil producers shun the dollar, Russia and Opec shift revenues into euros, yen and sterling..., all very bad news anywhere but in the fraudulent alice-in-wonderland world of wall street. Durable goods orders fell sharply, sentiment down, but supposedly used home sales rose slightly (riiiiight.....who says; the realtors/government who have been talking up this bubble market?) albeit at sharply lower prices. DOLLAR PLUNGES TO NEAR 15-YEAR LOW� In other words, no good news to justify the ridiculous up move by the alice-in-wonderland frauds of wall street. Worthless dollar, triple deficits, stock/options scandals/corruption, as some speculate that fed is behind purchases/manipulation (through proxy) of worthless american paper now being shunned by more rational market players abroad.� MARKETS ROCKED BY LONG OVERDUE BUT STILL MODEST RELATIVE TO REALITY SHARP SLIDE IN DOLLAR...There has never been a time since 1929 when stock prices and p/e ratios were so irrationally high for this point in a bull cycle in this indisputable secular bear market, particularly with the existing unprecedented structural economic problems, ie., trade and budget deficits, worthless dollar, scandals, fraud, corruption , etc.. In fact, unemployment unexpectedly rose substantially and consumer sentiment unexpectedly but similarly realistically fell, both very negative exept in the� fraudulent alice-in-wonderland world of wall street. Indeed, the housing bubble bursting with ie., unexpected 14% decline in starts/permits, etc., led to rally in the fraudulent alice-in-wonderland world of wall street. Obfuscating mergers help preclude detection of this massive and pervasive fraud which defies analysis owing to these mergers. New talking pointing: dell numbers exceed expectations depending upon ongoing government scrutiny of their accounting practices.....riiiiight! More contrived manipulated markets and data well as that previous unexpected rise in that global hub of manufacturing activity, New York (worthless paper is their real product, etc.) �..riiiiight!�.. underpins fraudulent up move. Reassuring Fed speak, also known as b**l s**t, along with IPO�s (get the suckers in at the highs as in late 90�s market bubble), and shrugging off pervasive stock/options fraud as at, ie., KB Homes, etc., leave stocks ridiculously higher. Nations leaving the worthless dollar in droves for currencies backed by value and for precious metals. Based on the self-interested statement of typical fraud american and fed rep, we hear once again the wishful thought that housing has bottomed.....right! [Reality/Truth: US housing slump deepens, spreads]. Home depot rallies despite lower than expected results and lower guidance for the year.....right! Who is stupid enough to believe anything the fraudulent criminal americans say. They are printing worthless dollars like mad. Consumer sentiment actually previously fell and there was nothing but wall street lunacy to prop the fraudulent market. The republicans who lockstepped with war criminal dumbya bush deserved to lose. The frauds on wall street now looking for the new corporate welfare program for which to sell the sizzle ie., stem cells, etc.. The know-nothing pundits are now saying the up move without any rational basis is predicated upon the the falsity that gridlock in washington is welcomed and good because no regulation of, ie., fraud on wall street, etc., can be passed. How about a tax on stock trades to come directly from the traders' (traitors/frauds) bottom lines and provide a disincentive for the churn-and-earn fraud which is tantamount to a wasteful tax on the economy. Even token Christian paulison from jew fraud wall street couldn't stem the tide against the blatent zionist/neocon/bush co failure accross the board as the wall street frauds show record profits financed, albeit indirectly, by huge deficits, both trade and budget. Obfuscating mergers blur the picture to provide cover for up move talking points in defiance of reality.� Stagflation and full employment revisions pre-election.....riiiiight. Productivity comes in at a less than expected 0 (inflationary). The only surprise should have been that the number wasn't negative. The pundits are now saying that the market/wall street fraud is in a state of denial regarding economic fundamentals and that the market is substantially overbought, overvalued, overfrauded, over, etc., the manufacturing index coming in lower than expectations. Consumer sentiment unexpectedly fell.....daaaaah. Pre-election core inflation rate report good �..riiiiight�..but savings rate still negative and walmart sales/profits/outlook substantially below expectations but what the heck, they�re wallstreet lunatics/frauds and reality is no problem. Despite pre-election deficit spending, GNP comes in a less than expected paltry 1.6% increase with worthless falling dollar the catch-22 precluding reality avoidance and the worst yet to come. More nations leaving the worthless dollar as reserve currency even as frauds on wall street reach new highs (What are they smoking? Coking? or like the dollar just cracking) based on corporate welfare flows with money the nation doesn't have pre-election (record deficits). Housing prices continue their sharp decline as bubble deflates. GM only lost 115 million. Ford lost 5.8 billion and must restate earnings back to year 2000 is a bullish sign in the fraudulent alice-in-wonderland lunatic world of wall street. Typical pre-fed meeting rally to provide a cushion for any negative pronouncements which reality would require but are seldom forthcoming by the accommodative frauds who have similarly embraced unreality. Indeed, the gutless wimps of wall street think they're "tough" when they fraudulently take the market higher despite a clearly contrary fact based reality. Caterpillar relates the pervasive reality and the frauds on wallstreet intimidate same with sell off, ignoring pervasive options scandal/fraud and rallies Merck despite lower than expectation results.....riiiiight! Election year corporate welfare to prime the pump and the mock stock market with money the nation doesn�t have (increasing already huge deficits). CPI figures (upon which government inflation adjusted payment obligations are based) lower than expected�..riiiiight! Intel earnings/revenues down sharply but according to the lunatic frauds on wall street, beat expectations and stock rallies along with yahoo which as in the pre-dot com bust days says better days are a coming�.. riiiiight Core inflation rate which is closely watched by the Fed exceeds all expectations. Fraud Merrill Lynch has really been pushing and commissioning that worthless paper and reports record earnings, despite having produced nothing and for very little if any value added (that ill-gotten money has to come from somewhere-your pockets?). The big economic report awaiting scrutiny was the monthly trade deficit which was expected to narrow but in fact INCREASED to 69.9 billion. The alice-in-wonderland lunatic wall street frauds rallied on the news as the dollar precipitously fell. The Fed Chairman said there is a "substantial correction" in housing, which will probably shave about 1% off growth in the second half of the year. The Institute of Supply Management said its services index fell to 52.9 in September -- the lowest level since April 2003. Great News�.. riiiiight!..... Consumer Confidence Higher Than Expected... riiiiight!..... and housing starts were down sharply but not-as-bad-as-expectations game in play US Existing Home Sales Fall 0.5% in August; Sales Price Drops Existing-home prices fall for 1st time in 11 years along with fed jaw-boning pre-election that inflation has been licked .....riiiiight �..despite printing worthless dollars like they�re going out of style because they really are! Fed did nothing and stocks rallied, pre-election.....riiiiight! What about the reality of u.s. debt service at a record unsustainable $2 billion per day on a revolving $2 trillion charge account with ie., China, etc.. The fact that foreclosures are up and that there is projected new trade deficit record, fake government inflation numbers for election year purposes, housing starts down 6% means little to the alice-in-wonderland lunatic frauds of wall street and the so-called pundits including yahoo below. Almost all computerized volume is and must be considered heavy, manipulated, economically wasteful volume [stocks move contrary to rational analytical facts (ie., exceeded lowered expectations, things so bad interest rates can�t rise, exceeded expectations, no earnings but outlook extraordinary, the fed says booo as they print more worthless dollars to finance deficits, etc. ) is money in the bank for the frauds on wall street when they unwind said irrational positions ]. Philadelphia Federal Reserve announces that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, leading economic indicators fall .2%, and previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows with b**l s**t from Yahoo (which didn�t even reference the record unanticipated trade gap):

There is nothing to rationally justify the previous up move or mixed results in the market other than what is tantamount to a negative, and based upon spurious data from the government; ie., fake government numbers said total PPI rose a smaller than expected 0.1% (consensus 0.4%) in July, which was well below the 0.5% jump in June, while the more closely watched core rate (ex-food and energy) unexpectedly (RIIIIIGHT!) fell 0.3% (consensus +0.2%) -- the first decline since October and the largest drop since a 0.5% decline in April 2003. Home Sales Decline in 28 States, D.C.. Real estate prices down/stagnant. But housing stocks�..up.....riiiiight!.....in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down.� Martin Crutsinger, AP Economics Writer, previously wrote,� U.S. Trade Deficit Falls 0.3 Percent in June to $64.8B, Offsetting Jump in Chinese Imports. Dell Recall Stems From sony Production Flaw� WASHINGTON (AP) -- America's trade deficit showed a slight improvement as strong global growth pushed U.S. exports to a record level. That helped offset a surge in Chinese imports and record crude oil prices. The deficit declined 0.3 percent in June, compared with May, dropping to $64.8 billion, still the fifth largest imbalance on record, the Commerce Department reported Thursday. The deficit is running at an annual rate of $768 billion through the first six months of this year, putting the country on track to see a fifth straight record imbalance. Last year's deficit was $716.7 billion. Prior considerations remain apposite in this clearly overvalued market. The frauds on wall street feel compelled to continue their tradition/superstition/fraud tactic of buying on the rumor and selling on the news (fact) of the Fed�s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money.� Yahoo previously commented: Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance....., to which I responded, Wild..... I�ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported and will now join gm in worker buyouts; but both GM and Ford will now offer built-in ipods which should substantially help their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Analyst says GM good news now behind it (past/discounted), yet stock still rose upon said analysis �..riiiiight�.. daaaaah! Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal, maybe even suspension, that has cast a harsh light on Silicon Valley's compensation practices. Don�t forget that GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland lunatic world of wall street is of course good news. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid (approx.) 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it�s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very commissionable (investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $62; yes, as in the last crash, they will get fooled again� as stocks up sharply in the fraudulent alice-in-wonderland lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the pundits/analysts are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley (who also says that in Europe bush�s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the �better than expectations� game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. Spotlight on the Stock Option Scandal-The share prices of companies involved in stock options backdating have held up well compared to the broader market. But shareholders might be in for a rougher ride. Plus, why the Nasdaq has its hands full. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived pearl harbor effect)/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/ and the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what�s up is down and what�s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they�ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin� to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don�t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)

"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006

WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):

The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

(2-28-07) The lunatic frauds on wall street (what a joke wall street is!) are maniacal as lunatics suckers short-covering �bear market/higher oil prices/fake economic reports/fed speak rally� (based upon b**l s**t/fake reports even assuming fake growth rate though false, the decline of the fiat currency, the worthless dollar would negate same in real terms) (b.s. contrary to bernanke testimony before congress owing to previous implicit threat of prosecution for false statements)� into the close fueled by b**l s**t alone to trim yet only modest losses relative to reality to suck the suckers in; ie., as the Dow Jones industrial average up 52.39, S&P up 7.73, and NASDAQ up 8.27, all very commissionable on heavy volume, as in final pre-election result push for bush, which fell very short but has provided the same pump-priming of the market as most recently seen in 1999 which ended quite badly even without the exacerbating effects of huge unsustainable and debilitating debt/deficits deferring/delaying/prolonging the inevitable reality even as entire domestic u.s. industries are rendered what is tantamount to defunct and with corporate welfare unwisely spent (war crimes, etc.). Greenspan Warns of Likely U.S. Recession..... Bernanke responds with b**l s**t.�New home sales down 17%.....Durables down over seven percent. Are they going to fudge/falsify the GDP revision? Oil rise on US energy inventory data. Stagflation, fake reports understate fundamental weakness, higher oil prices rally. Housing starts down sharply, as investors, domestic and international, dramatically slow purchase of fiat currency/worthless us/dollar denominated stocks and bonds. Record real estate price slump; industrial production/utilization down. Record home price slump. Retail numbers at best (I don�t believe them for a second) just flat; massive layoffs at Chrysler; more government borrowing to paint false facade. Trade deficit up sharply and new record for all of 2006 - $763 billion (the market last rallied with previous month�s improvement, and rallies with worsening, everything else was typical wall street b**l s**t meaning and based on nothing, ie., m&a, upgrade, etc.). Default rates up again. HSBC Holdings, the world's third largest bank, warned that provisions for bad debt will be some 20% higher than previously thought. SEC launch of insider trading (pervasive on fraudulent wall street) probe just tip of the iceberg. Negative savings rate (highest since great depression), factory output down, home inventories highest since last crash, defaults up, gm and ford sales down 17% and 19%, deficits trade/budget, dollar down and going lower, january jobs data weaker than the consensus estimate and below the average gain of 153,000 per month for all of 2006 and viewed as bearish......but no problemo if you�re a lunatic fraud on wall street. Fake economic growth report from the administration. Mergers and acquisitions continue to cloud the picture facilitating the fraud. Having beat fraudulent alice-in-wonderland lunatic world of wall street expectations with Record Loss of $12.7 Billion, the rally in Ford�s stock continues..... riiiiight! Fake numbers also a plus. Ford Posts Record Loss of $12.7 Billion.....stock rallies on the news.....riiiiight! P/E ratios far beyond the mean particularly for this stage in the cycle for selected securities (ie., 80+, etc.). Higher oil prices and fake indicators report spark rally.....riiiiight! Report on leading economic indicators is delayed (very unusual unless you understand the greater complexity in fudging same.....not to worry, fans of frauds on wall street.....the lunatic frauds will also get their churn-and-earn commission dollars on the way down).Fed Chairman Bernanke begins to euphemistically discuss reality on capital hill. PAPER: Condo market in DC, Vegas, Miami and Boston has collapsed... Euro displaces dollar in bond markets...Higher oil prices and fake numbers spurs rally. More fake job numbers (at best, hamburger helpers, etc.). Yahoo profit falls 61% but rallies 6% on b**l s**t alone. Jawboning by kohn of print-those-worthless-dollars fed raises market.....riiiiight! The ism services index fell, but that was down from an unexpectedly and fake strong read a month earlier, manufacturing index up slightly to 51.4 (they must be counting hamburgers as manufactured goods in u.s......riiiiight!) but fed knows they�ve been printing worthless dollars like mad which of course is hyperinflationary and will come home to roost, along with huge debt/deficits, trade and budget, Stores Report Disappointing Dec. Sales, Gap Woes Deepen in Bleak Holiday Season. Ford and GM auto sales down 13%. More reports in defiance of reality, oil prices up, Dollar Slides...,every intelligent analyst/economist knows that the new home sales number from the government is a total lie that will be revised downward later, that the options scandals are pervasive in fraudulent america (100 investigations just tip of the iceberg), oil stocks continue to rally on lower oil prices, as previously on pipeline explosion in Nigeria, spill in Gulf, and sanctions for Iran, and sharp FALL in oil prices.....riiiiight!.....predictions of disappointing retail sales even with fire-sale discounted prices,..... Highest increase (2%) in 30 years for the wholesale price index, and as well, the core ppi (1.3%), GDP growth less than expected at 2%, dollar sharply lower, oil prices up, building permits down, all unexpectedly bad but great news in the fraudulent alice-in-wonderland lunatic world of wall street. New Record Quarterly Trade Deficit initially spurred lunatic market rally along with obfuscating but very commissionable merger activity. Core inflation a very unexpected unchanged .....riiiiight!.....spurs superstitious, devoid of reality, santa rally.� Investment Banks Post Record 2006 Profit .....daaaaah! Churning and earning on worthless paper, where is that commission dollar coming from even as america has ceded solvency/leadership in every economic measure. Even at the lofty record numbers the indices are worth roughly half their value based on precipitous fall of the dollar in only 5 years with further downside to go. Superstitious �Santa Claus rally�.....riiiiight! High oil price rally.....riiiiight!� Total� bulls**t ! Retail sales up a very unexpected 1%, riiiiight, at the same time inventories of such goods rising substantially (do you think they�re booking sales to �straw men/companies�.....I do!) and oil inventories down. Fake employment numbers (from the government.....riiiiight!) the impetus for previous b.s. rally despite falling sentiment and uptick in unemployment. The ism services index (financed by unsustainable deficit/debt spending and pushing/commissioning worthless paper) and jawboning/bulls**t from the housing industry (the end is near.....riiiiight!), obfuscating mergers continued to cloud the picture, closely-watched core-PCE deflator had risen a more than expected 0.2%, second sub-50 reading on manufacturing activity in as many sessions-the November ISM index unexpectedly fell to 49.5 (consensus 52.0), Chicago PMI fell to its lowest level (49.9%) in October, and below the 50 level, indicating contraction, crude prices up� (OIL PRICES RISE ABOVE $63 A BARREL...), DOLLAR RESUMES SLIDE, Fed Chairman Bernanke & Co. cheerleading/jawboning/bulls**t, 3.2% decline in new home sales, oil inventories down and oil prices up, oil producers shun the dollar, Russia and Opec shift revenues into euros, yen and sterling..., all very bad news anywhere but in the fraudulent alice-in-wonderland world of wall street. Durable goods orders fell sharply, sentiment down, but supposedly used home sales rose slightly (riiiiight.....who says; the realtors/government who have been talking up this bubble market?) albeit at sharply lower prices. DOLLAR PLUNGES TO NEAR 15-YEAR LOW� In other words, no good news to justify the ridiculous up move by the alice-in-wonderland frauds of wall street. Worthless dollar, triple deficits, stock/options scandals/corruption, as some speculate that fed is behind purchases/manipulation (through proxy) of worthless american paper now being shunned by more rational market players abroad.� MARKETS ROCKED BY LONG OVERDUE BUT STILL MODEST RELATIVE TO REALITY SHARP SLIDE IN DOLLAR...There has never been a time since 1929 when stock prices and p/e ratios were so irrationally high for this point in a bull cycle in this indisputable secular bear market, particularly with the existing unprecedented structural economic problems, ie., trade and budget deficits, worthless dollar, scandals, fraud, corruption , etc.. In fact, unemployment unexpectedly rose substantially and consumer sentiment unexpectedly but similarly realistically fell, both very negative exept in the� fraudulent alice-in-wonderland world of wall street. Indeed, the housing bubble bursting with ie., unexpected 14% decline in starts/permits, etc., led to rally in the fraudulent alice-in-wonderland world of wall street. Obfuscating mergers help preclude detection of this massive and pervasive fraud which defies analysis owing to these mergers. New talking pointing: dell numbers exceed expectations depending upon ongoing government scrutiny of their accounting practices.....riiiiight! More contrived manipulated markets and data well as that previous unexpected rise in that global hub of manufacturing activity, New York (worthless paper is their real product, etc.) �..riiiiight!�.. underpins fraudulent up move. Reassuring Fed speak, also known as b**l s**t, along with IPO�s (get the suckers in at the highs as in late 90�s market bubble), and shrugging off pervasive stock/options fraud as at, ie., KB Homes, etc., leave stocks ridiculously higher. Nations leaving the worthless dollar in droves for currencies backed by value and for precious metals. Based on the self-interested statement of typical fraud american and fed rep, we hear once again the wishful thought that housing has bottomed.....right! [Reality/Truth: US housing slump deepens, spreads]. Home depot rallies despite lower than expected results and lower guidance for the year.....right! Who is stupid enough to believe anything the fraudulent criminal americans say. They are printing worthless dollars like mad. Consumer sentiment actually previously fell and there was nothing but wall street lunacy to prop the fraudulent market. The republicans who lockstepped with war criminal dumbya bush deserved to lose. The frauds on wall street now looking for the new corporate welfare program for which to sell the sizzle ie., stem cells, etc.. The know-nothing pundits are now saying the up move without any rational basis is predicated upon the the falsity that gridlock in washington is welcomed and good because no regulation of, ie., fraud on wall street, etc., can be passed. How about a tax on stock trades to come directly from the traders' (traitors/frauds) bottom lines and provide a disincentive for the churn-and-earn fraud which is tantamount to a wasteful tax on the economy. Even token Christian paulison from jew fraud wall street couldn't stem the tide against the blatent zionist/neocon/bush co failure accross the board as the wall street frauds show record profits financed, albeit indirectly, by huge deficits, both trade and budget. Obfuscating mergers blur the picture to provide cover for up move talking points in defiance of reality.� Stagflation and full employment revisions pre-election.....riiiiight. Productivity comes in at a less than expected 0 (inflationary). The only surprise should have been that the number wasn't negative. The pundits are now saying that the market/wall street fraud is in a state of denial regarding economic fundamentals and that the market is substantially overbought, overvalued, overfrauded, over, etc., the manufacturing index coming in lower than expectations. Consumer sentiment unexpectedly fell.....daaaaah. Pre-election core inflation rate report good �..riiiiight�..but savings rate still negative and walmart sales/profits/outlook substantially below expectations but what the heck, they�re wallstreet lunatics/frauds and reality is no problem. Despite pre-election deficit spending, GNP comes in a less than expected paltry 1.6% increase with worthless falling dollar the catch-22 precluding reality avoidance and the worst yet to come. More nations leaving the worthless dollar as reserve currency even as frauds on wall street reach new highs (What are they smoking? Coking? or like the dollar just cracking) based on corporate welfare flows with money the nation doesn't have pre-election (record deficits). Housing prices continue their sharp decline as bubble deflates. GM only lost 115 million. Ford lost 5.8 billion and must restate earnings back to year 2000 is a bullish sign in the fraudulent alice-in-wonderland lunatic world of wall street. Typical pre-fed meeting rally to provide a cushion for any negative pronouncements which reality would require but are seldom forthcoming by the accommodative frauds who have similarly embraced unreality. Indeed, the gutless wimps of wall street think they're "tough" when they fraudulently take the market higher despite a clearly contrary fact based reality. Caterpillar relates the pervasive reality and the frauds on wallstreet intimidate same with sell off, ignoring pervasive options scandal/fraud and rallies Merck despite lower than expectation results.....riiiiight! Election year corporate welfare to prime the pump and the mock stock market with money the nation doesn�t have (increasing already huge deficits). CPI figures (upon which government inflation adjusted payment obligations are based) lower than expected�..riiiiight! Intel earnings/revenues down sharply but according to the lunatic frauds on wall street, beat expectations and stock rallies along with yahoo which as in the pre-dot com bust days says better days are a coming�.. riiiiight Core inflation rate which is closely watched by the Fed exceeds all expectations. Fraud Merrill Lynch has really been pushing and commissioning that worthless paper and reports record earnings, despite having produced nothing and for very little if any value added (that ill-gotten money has to come from somewhere-your pockets?). The big economic report awaiting scrutiny was the monthly trade deficit which was expected to narrow but in fact INCREASED to 69.9 billion. The alice-in-wonderland lunatic wall street frauds rallied on the news as the dollar precipitously fell. The Fed Chairman said there is a "substantial correction" in housing, which will probably shave about 1% off growth in the second half of the year. The Institute of Supply Management said its services index fell to 52.9 in September -- the lowest level since April 2003. Great News�.. riiiiight!..... Consumer Confidence Higher Than Expected... riiiiight!..... and housing starts were down sharply but not-as-bad-as-expectations game in play US Existing Home Sales Fall 0.5% in August; Sales Price Drops Existing-home prices fall for 1st time in 11 years along with fed jaw-boning pre-election that inflation has been licked .....riiiiight �..despite printing worthless dollars like they�re going out of style because they really are! Fed did nothing and stocks rallied, pre-election.....riiiiight! What about the reality of u.s. debt service at a record unsustainable $2 billion per day on a revolving $2 trillion charge account with ie., China, etc.. The fact that foreclosures are up and that there is projected new trade deficit record, fake government inflation numbers for election year purposes, housing starts down 6% means little to the alice-in-wonderland lunatic frauds of wall street and the so-called pundits including yahoo below. Almost all computerized volume is and must be considered heavy, manipulated, economically wasteful volume [stocks move contrary to rational analytical facts (ie., exceeded lowered expectations, things so bad interest rates can�t rise, exceeded expectations, no earnings but outlook extraordinary, the fed says booo as they print more worthless dollars to finance deficits, etc. ) is money in the bank for the frauds on wall street when they unwind said irrational positions ]. Philadelphia Federal Reserve announces that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, leading economic indicators fall .2%, and previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows with b**l s**t from Yahoo (which didn�t even reference the record unanticipated trade gap):

There is nothing to rationally justify the previous up move or mixed results in the market other than what is tantamount to a negative, and based upon spurious data from the government; ie., fake government numbers said total PPI rose a smaller than expected 0.1% (consensus 0.4%) in July, which was well below the 0.5% jump in June, while the more closely watched core rate (ex-food and energy) unexpectedly (RIIIIIGHT!) fell 0.3% (consensus +0.2%) -- the first decline since October and the largest drop since a 0.5% decline in April 2003. Home Sales Decline in 28 States, D.C.. Real estate prices down/stagnant. But housing stocks�..up.....riiiiight!.....in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down.� Martin Crutsinger, AP Economics Writer, previously wrote,� U.S. Trade Deficit Falls 0.3 Percent in June to $64.8B, Offsetting Jump in Chinese Imports. Dell Recall Stems From sony Production Flaw� WASHINGTON (AP) -- America's trade deficit showed a slight improvement as strong global growth pushed U.S. exports to a record level. That helped offset a surge in Chinese imports and record crude oil prices. The deficit declined 0.3 percent in June, compared with May, dropping to $64.8 billion, still the fifth largest imbalance on record, the Commerce Department reported Thursday. The deficit is running at an annual rate of $768 billion through the first six months of this year, putting the country on track to see a fifth straight record imbalance. Last year's deficit was $716.7 billion. Prior considerations remain apposite in this clearly overvalued market. The frauds on wall street feel compelled to continue their tradition/superstition/fraud tactic of buying on the rumor and selling on the news (fact) of the Fed�s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money.� Yahoo previously commented: Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance....., to which I responded, Wild..... I�ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported and will now join gm in worker buyouts; but both GM and Ford will now offer built-in ipods which should substantially help their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Analyst says GM good news now behind it (past/discounted), yet stock still rose upon said analysis �..riiiiight�.. daaaaah! Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal, maybe even suspension, that has cast a harsh light on Silicon Valley's compensation practices. Don�t forget that GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland lunatic world of wall street is of course good news. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid (approx.) 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it�s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very commissionable (investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $61; yes, as in the last crash, they will get fooled again� as stocks up sharply in the fraudulent alice-in-wonderland lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the pundits/analysts are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley (who also says that in Europe bush�s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the �better than expectations� game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. Spotlight on the Stock Option Scandal-The share prices of companies involved in stock options backdating have held up well compared to the broader market. But shareholders might be in for a rougher ride. Plus, why the Nasdaq has its hands full. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived pearl harbor effect)/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/ and the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what�s up is down and what�s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they�ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin� to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don�t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)

"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006

WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):

The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

(2-27-07) The lunatic frauds on wall street (what a joke wall street is!) are maniacal as lunatics suckers �bear market/higher oil prices/fake economic report/fed speak (based upon b**l s**t/fake reports even assuming fake growth rate though false, the decline of the fiat currency, the worthless dollar would negate same in real terms) (b.s. contrary to bernanke testimony before congress owing to previous implicit threat of prosecution for false statements)� rally into the close fueled by b**l s**t alone to trim yet only modest losses relative to reality to suck the suckers in; ie., as the Dow Jones industrial average down 416.02, S&P down 50.33, and NASDAQ down 96.66, all very commissionable on heavy volume, as in final pre-election result push for bush, which fell very short but has provided the same pump-priming of the market as most recently seen in 1999 which ended quite badly even without the exacerbating effects of huge unsustainable and debilitating debt/deficits deferring/delaying/prolonging the inevitable reality even as entire domestic u.s. industries are rendered what is tantamount to defunct and with corporate welfare unwisely spent (war crimes, etc.). Greenspan Warns of Likely U.S. Recession...Durables down over seven percent. Are they going to fudge/falsify the GDP revision? Oil rise on US energy inventory data. Stagflation, fake reports understate fundamental weakness, higher oil prices rally. Housing starts down sharply, as investors, domestic and international, dramatically slow purchase of fiat currency/worthless us/dollar denominated stocks and bonds. Record real estate price slump; industrial production/utilization down. Record home price slump. Retail numbers at best (I don�t believe them for a second) just flat; massive layoffs at Chrysler; more government borrowing to paint false facade. Trade deficit up sharply and new record for all of 2006 - $763 billion (the market last rallied with previous month�s improvement, and rallies with worsening, everything else was typical wall street b**l s**t meaning and based on nothing, ie., m&a, upgrade, etc.). Default rates up again. HSBC Holdings, the world's third largest bank, warned that provisions for bad debt will be some 20% higher than previously thought. SEC launch of insider trading (pervasive on fraudulent wall street) probe just tip of the iceberg. Negative savings rate (highest since great depression), factory output down, home inventories highest since last crash, defaults up, gm and ford sales down 17% and 19%, deficits trade/budget, dollar down and going lower, january jobs data weaker than the consensus estimate and below the average gain of 153,000 per month for all of 2006 and viewed as bearish......but no problemo if you�re a lunatic fraud on wall street. Fake economic growth report from the administration. Mergers and acquisitions continue to cloud the picture facilitating the fraud. Having beat fraudulent alice-in-wonderland lunatic world of wall street expectations with Record Loss of $12.7 Billion, the rally in Ford�s stock continues..... riiiiight! Fake numbers also a plus. Ford Posts Record Loss of $12.7 Billion.....stock rallies on the news.....riiiiight! P/E ratios far beyond the mean particularly for this stage in the cycle for selected securities (ie., 80+, etc.). Higher oil prices and fake indicators report spark rally.....riiiiight! Report on leading economic indicators is delayed (very unusual unless you understand the greater complexity in fudging same.....not to worry, fans of frauds on wall street.....the lunatic frauds will also get their churn-and-earn commission dollars on the way down).Fed Chairman Bernanke begins to euphemistically discuss reality on capital hill. PAPER: Condo market in DC, Vegas, Miami and Boston has collapsed... Euro displaces dollar in bond markets...Higher oil prices and fake numbers spurs rally. More fake job numbers (at best, hamburger helpers, etc.). Yahoo profit falls 61% but rallies 6% on b**l s**t alone. Jawboning by kohn of print-those-worthless-dollars fed raises market.....riiiiight! The ism services index fell, but that was down from an unexpectedly and fake strong read a month earlier, manufacturing index up slightly to 51.4 (they must be counting hamburgers as manufactured goods in u.s......riiiiight!) but fed knows they�ve been printing worthless dollars like mad which of course is hyperinflationary and will come home to roost, along with huge debt/deficits, trade and budget, Stores Report Disappointing Dec. Sales, Gap Woes Deepen in Bleak Holiday Season. Ford and GM auto sales down 13%. More reports in defiance of reality, oil prices up, Dollar Slides...,every intelligent analyst/economist knows that the new home sales number from the government is a total lie that will be revised downward later, that the options scandals are pervasive in fraudulent america (100 investigations just tip of the iceberg), oil stocks continue to rally on lower oil prices, as previously on pipeline explosion in Nigeria, spill in Gulf, and sanctions for Iran, and sharp FALL in oil prices.....riiiiight!.....predictions of disappointing retail sales even with fire-sale discounted prices,..... Highest increase (2%) in 30 years for the wholesale price index, and as well, the core ppi (1.3%), GDP growth less than expected at 2%, dollar sharply lower, oil prices up, building permits down, all unexpectedly bad but great news in the fraudulent alice-in-wonderland lunatic world of wall street. New Record Quarterly Trade Deficit initially spurred lunatic market rally along with obfuscating but very commissionable merger activity. Core inflation a very unexpected unchanged .....riiiiight!.....spurs superstitious, devoid of reality, santa rally.� Investment Banks Post Record 2006 Profit .....daaaaah! Churning and earning on worthless paper, where is that commission dollar coming from even as america has ceded solvency/leadership in every economic measure. Even at the lofty record numbers the indices are worth roughly half their value based on precipitous fall of the dollar in only 5 years with further downside to go. Superstitious �Santa Claus rally�.....riiiiight! High oil price rally.....riiiiight!� Total� bulls**t ! Retail sales up a very unexpected 1%, riiiiight, at the same time inventories of such goods rising substantially (do you think they�re booking sales to �straw men/companies�.....I do!) and oil inventories down. Fake employment numbers (from the government.....riiiiight!) the impetus for previous b.s. rally despite falling sentiment and uptick in unemployment. The ism services index (financed by unsustainable deficit/debt spending and pushing/commissioning worthless paper) and jawboning/bulls**t from the housing industry (the end is near.....riiiiight!), obfuscating mergers continued to cloud the picture, closely-watched core-PCE deflator had risen a more than expected 0.2%, second sub-50 reading on manufacturing activity in as many sessions-the November ISM index unexpectedly fell to 49.5 (consensus 52.0), Chicago PMI fell to its lowest level (49.9%) in October, and below the 50 level, indicating contraction, crude prices up� (OIL PRICES RISE ABOVE $63 A BARREL...), DOLLAR RESUMES SLIDE, Fed Chairman Bernanke & Co. cheerleading/jawboning/bulls**t, 3.2% decline in new home sales, oil inventories down and oil prices up, oil producers shun the dollar, Russia and Opec shift revenues into euros, yen and sterling..., all very bad news anywhere but in the fraudulent alice-in-wonderland world of wall street. Durable goods orders fell sharply, sentiment down, but supposedly used home sales rose slightly (riiiiight.....who says; the realtors/government who have been talking up this bubble market?) albeit at sharply lower prices. DOLLAR PLUNGES TO NEAR 15-YEAR LOW� In other words, no good news to justify the ridiculous up move by the alice-in-wonderland frauds of wall street. Worthless dollar, triple deficits, stock/options scandals/corruption, as some speculate that fed is behind purchases/manipulation (through proxy) of worthless american paper now being shunned by more rational market players abroad.� MARKETS ROCKED BY LONG OVERDUE BUT STILL MODEST RELATIVE TO REALITY SHARP SLIDE IN DOLLAR...There has never been a time since 1929 when stock prices and p/e ratios were so irrationally high for this point in a bull cycle in this indisputable secular bear market, particularly with the existing unprecedented structural economic problems, ie., trade and budget deficits, worthless dollar, scandals, fraud, corruption , etc.. In fact, unemployment unexpectedly rose substantially and consumer sentiment unexpectedly but similarly realistically fell, both very negative exept in the� fraudulent alice-in-wonderland world of wall street. Indeed, the housing bubble bursting with ie., unexpected 14% decline in starts/permits, etc., led to rally in the fraudulent alice-in-wonderland world of wall street. Obfuscating mergers help preclude detection of this massive and pervasive fraud which defies analysis owing to these mergers. New talking pointing: dell numbers exceed expectations depending upon ongoing government scrutiny of their accounting practices.....riiiiight! More contrived manipulated markets and data well as that previous unexpected rise in that global hub of manufacturing activity, New York (worthless paper is their real product, etc.) �..riiiiight!�.. underpins fraudulent up move. Reassuring Fed speak, also known as b**l s**t, along with IPO�s (get the suckers in at the highs as in late 90�s market bubble), and shrugging off pervasive stock/options fraud as at, ie., KB Homes, etc., leave stocks ridiculously higher. Nations leaving the worthless dollar in droves for currencies backed by value and for precious metals. Based on the self-interested statement of typical fraud american and fed rep, we hear once again the wishful thought that housing has bottomed.....right! [Reality/Truth: US housing slump deepens, spreads]. Home depot rallies despite lower than expected results and lower guidance for the year.....right! Who is stupid enough to believe anything the fraudulent criminal americans say. They are printing worthless dollars like mad. Consumer sentiment actually previously fell and there was nothing but wall street lunacy to prop the fraudulent market. The republicans who lockstepped with war criminal dumbya bush deserved to lose. The frauds on wall street now looking for the new corporate welfare program for which to sell the sizzle ie., stem cells, etc.. The know-nothing pundits are now saying the up move without any rational basis is predicated upon the the falsity that gridlock in washington is welcomed and good because no regulation of, ie., fraud on wall street, etc., can be passed. How about a tax on stock trades to come directly from the traders' (traitors/frauds) bottom lines and provide a disincentive for the churn-and-earn fraud which is tantamount to a wasteful tax on the economy. Even token Christian paulison from jew fraud wall street couldn't stem the tide against the blatent zionist/neocon/bush co failure accross the board as the wall street frauds show record profits financed, albeit indirectly, by huge deficits, both trade and budget. Obfuscating mergers blur the picture to provide cover for up move talking points in defiance of reality.� Stagflation and full employment revisions pre-election.....riiiiight. Productivity comes in at a less than expected 0 (inflationary). The only surprise should have been that the number wasn't negative. The pundits are now saying that the market/wall street fraud is in a state of denial regarding economic fundamentals and that the market is substantially overbought, overvalued, overfrauded, over, etc., the manufacturing index coming in lower than expectations. Consumer sentiment unexpectedly fell.....daaaaah. Pre-election core inflation rate report good �..riiiiight�..but savings rate still negative and walmart sales/profits/outlook substantially below expectations but what the heck, they�re wallstreet lunatics/frauds and reality is no problem. Despite pre-election deficit spending, GNP comes in a less than expected paltry 1.6% increase with worthless falling dollar the catch-22 precluding reality avoidance and the worst yet to come. More nations leaving the worthless dollar as reserve currency even as frauds on wall street reach new highs (What are they smoking? Coking? or like the dollar just cracking) based on corporate welfare flows with money the nation doesn't have pre-election (record deficits). Housing prices continue their sharp decline as bubble deflates. GM only lost 115 million. Ford lost 5.8 billion and must restate earnings back to year 2000 is a bullish sign in the fraudulent alice-in-wonderland lunatic world of wall street. Typical pre-fed meeting rally to provide a cushion for any negative pronouncements which reality would require but are seldom forthcoming by the accommodative frauds who have similarly embraced unreality. Indeed, the gutless wimps of wall street think they're "tough" when they fraudulently take the market higher despite a clearly contrary fact based reality. Caterpillar relates the pervasive reality and the frauds on wallstreet intimidate same with sell off, ignoring pervasive options scandal/fraud and rallies Merck despite lower than expectation results.....riiiiight! Election year corporate welfare to prime the pump and the mock stock market with money the nation doesn�t have (increasing already huge deficits). CPI figures (upon which government inflation adjusted payment obligations are based) lower than expected�..riiiiight! Intel earnings/revenues down sharply but according to the lunatic frauds on wall street, beat expectations and stock rallies along with yahoo which as in the pre-dot com bust days says better days are a coming�.. riiiiight Core inflation rate which is closely watched by the Fed exceeds all expectations. Fraud Merrill Lynch has really been pushing and commissioning that worthless paper and reports record earnings, despite having produced nothing and for very little if any value added (that ill-gotten money has to come from somewhere-your pockets?). The big economic report awaiting scrutiny was the monthly trade deficit which was expected to narrow but in fact INCREASED to 69.9 billion. The alice-in-wonderland lunatic wall street frauds rallied on the news as the dollar precipitously fell. The Fed Chairman said there is a "substantial correction" in housing, which will probably shave about 1% off growth in the second half of the year. The Institute of Supply Management said its services index fell to 52.9 in September -- the lowest level since April 2003. Great News�.. riiiiight!..... Consumer Confidence Higher Than Expected... riiiiight!..... and housing starts were down sharply but not-as-bad-as-expectations game in play US Existing Home Sales Fall 0.5% in August; Sales Price Drops Existing-home prices fall for 1st time in 11 years along with fed jaw-boning pre-election that inflation has been licked .....riiiiight �..despite printing worthless dollars like they�re going out of style because they really are! Fed did nothing and stocks rallied, pre-election.....riiiiight! What about the reality of u.s. debt service at a record unsustainable $2 billion per day on a revolving $2 trillion charge account with ie., China, etc.. The fact that foreclosures are up and that there is projected new trade deficit record, fake government inflation numbers for election year purposes, housing starts down 6% means little to the alice-in-wonderland lunatic frauds of wall street and the so-called pundits including yahoo below. Almost all computerized volume is and must be considered heavy, manipulated, economically wasteful volume [stocks move contrary to rational analytical facts (ie., exceeded lowered expectations, things so bad interest rates can�t rise, exceeded expectations, no earnings but outlook extraordinary, the fed says booo as they print more worthless dollars to finance deficits, etc. ) is money in the bank for the frauds on wall street when they unwind said irrational positions ]. Philadelphia Federal Reserve announces that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, leading economic indicators fall .2%, and previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows with b**l s**t from Yahoo (which didn�t even reference the record unanticipated trade gap):

There is nothing to rationally justify the previous up move or mixed results in the market other than what is tantamount to a negative, and based upon spurious data from the government; ie., fake government numbers said total PPI rose a smaller than expected 0.1% (consensus 0.4%) in July, which was well below the 0.5% jump in June, while the more closely watched core rate (ex-food and energy) unexpectedly (RIIIIIGHT!) fell 0.3% (consensus +0.2%) -- the first decline since October and the largest drop since a 0.5% decline in April 2003. Home Sales Decline in 28 States, D.C.. Real estate prices down/stagnant. But housing stocks�..up.....riiiiight!.....in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down.� Martin Crutsinger, AP Economics Writer, previously wrote,� U.S. Trade Deficit Falls 0.3 Percent in June to $64.8B, Offsetting Jump in Chinese Imports. Dell Recall Stems From sony Production Flaw� WASHINGTON (AP) -- America's trade deficit showed a slight improvement as strong global growth pushed U.S. exports to a record level. That helped offset a surge in Chinese imports and record crude oil prices. The deficit declined 0.3 percent in June, compared with May, dropping to $64.8 billion, still the fifth largest imbalance on record, the Commerce Department reported Thursday. The deficit is running at an annual rate of $768 billion through the first six months of this year, putting the country on track to see a fifth straight record imbalance. Last year's deficit was $716.7 billion. Prior considerations remain apposite in this clearly overvalued market. The frauds on wall street feel compelled to continue their tradition/superstition/fraud tactic of buying on the rumor and selling on the news (fact) of the Fed�s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money.� Yahoo previously commented: Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance....., to which I responded, Wild..... I�ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported and will now join gm in worker buyouts; but both GM and Ford will now offer built-in ipods which should substantially help their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Analyst says GM good news now behind it (past/discounted), yet stock still rose upon said analysis �..riiiiight�.. daaaaah! Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal, maybe even suspension, that has cast a harsh light on Silicon Valley's compensation practices. Don�t forget that GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland lunatic world of wall street is of course good news. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid (approx.) 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it�s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very commissionable (investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $61; yes, as in the last crash, they will get fooled again� as stocks up sharply in the fraudulent alice-in-wonderland lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the pundits/analysts are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley (who also says that in Europe bush�s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the �better than expectations� game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. Spotlight on the Stock Option Scandal-The share prices of companies involved in stock options backdating have held up well compared to the broader market. But shareholders might be in for a rougher ride. Plus, why the Nasdaq has its hands full. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived pearl harbor effect)/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/ and the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what�s up is down and what�s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they�ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin� to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don�t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)

"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006

WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):

The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

(2-26-07) The lunatic frauds on wall street (what a joke wall street is!) are maniacal as lunatics suckers �bear market/higher oil prices/fake economic report/fed speak (based upon b**l s**t/fake reports even assuming fake growth rate though false, the decline of the fiat currency, the worthless dollar would negate same in real terms) (b.s. contrary to bernanke testimony before congress owing to previous implicit threat of prosecution for false statements)� rally into the close fueled by b**l s**t alone to end ridiculously only modestly lower relative to reality to suck the suckers in; ie., as the Dow Jones industrial average down 15.22, S&P down 1.82, and NASDAQ down 10.58, all very commissionable on heavy volume, as in final pre-election result push for bush, which fell very short but has provided the same pump-priming of the market as most recently seen in 1999 which ended quite badly even without the exacerbating effects of huge unsustainable and debilitating debt/deficits deferring/delaying/prolonging the inevitable reality even as entire domestic u.s. industries are rendered what is tantamount to defunct and with corporate welfare unwisely spent (war crimes, etc.). Greenspan Warns of Likely U.S. Recession... Oil rise on US energy inventory data. Stagflation, fake reports understate fundamental weakness, higher oil prices rally. Housing starts down sharply, as investors, domestic and international, dramatically slow purchase of fiat currency/worthless us/dollar denominated stocks and bonds. Record real estate price slump; industrial production/utilization down. Record home price slump. Retail numbers at best (I don�t believe them for a second) just flat; massive layoffs at Chrysler; more government borrowing to paint false facade. Trade deficit up sharply and new record for all of 2006 - $763 billion (the market last rallied with previous month�s improvement, and rallies with worsening, everything else was typical wall street b**l s**t meaning and based on nothing, ie., m&a, upgrade, etc.). Default rates up again. HSBC Holdings, the world's third largest bank, warned that provisions for bad debt will be some 20% higher than previously thought. SEC launch of insider trading (pervasive on fraudulent wall street) probe just tip of the iceberg. Negative savings rate (highest since great depression), factory output down, home inventories highest since last crash, defaults up, gm and ford sales down 17% and 19%, deficits trade/budget, dollar down and going lower, january jobs data weaker than the consensus estimate and below the average gain of 153,000 per month for all of 2006 and viewed as bearish......but no problemo if you�re a lunatic fraud on wall street. Fake economic growth report from the administration. Mergers and acquisitions continue to cloud the picture facilitating the fraud. Having beat fraudulent alice-in-wonderland lunatic world of wall street expectations with Record Loss of $12.7 Billion, the rally in Ford�s stock continues..... riiiiight! Fake numbers also a plus. Ford Posts Record Loss of $12.7 Billion.....stock rallies on the news.....riiiiight! P/E ratios far beyond the mean particularly for this stage in the cycle for selected securities (ie., 80+, etc.). Higher oil prices and fake indicators report spark rally.....riiiiight! Report on leading economic indicators is delayed (very unusual unless you understand the greater complexity in fudging same.....not to worry, fans of frauds on wall street.....the lunatic frauds will also get their churn-and-earn commission dollars on the way down).Fed Chairman Bernanke begins to euphemistically discuss reality on capital hill. PAPER: Condo market in DC, Vegas, Miami and Boston has collapsed... Euro displaces dollar in bond markets...Higher oil prices and fake numbers spurs rally. More fake job numbers (at best, hamburger helpers, etc.). Yahoo profit falls 61% but rallies 6% on b**l s**t alone. Jawboning by kohn of print-those-worthless-dollars fed raises market.....riiiiight! The ism services index fell, but that was down from an unexpectedly and fake strong read a month earlier, manufacturing index up slightly to 51.4 (they must be counting hamburgers as manufactured goods in u.s......riiiiight!) but fed knows they�ve been printing worthless dollars like mad which of course is hyperinflationary and will come home to roost, along with huge debt/deficits, trade and budget, Stores Report Disappointing Dec. Sales, Gap Woes Deepen in Bleak Holiday Season. Ford and GM auto sales down 13%. More reports in defiance of reality, oil prices up, Dollar Slides...,every intelligent analyst/economist knows that the new home sales number from the government is a total lie that will be revised downward later, that the options scandals are pervasive in fraudulent america (100 investigations just tip of the iceberg), oil stocks continue to rally on lower oil prices, as previously on pipeline explosion in Nigeria, spill in Gulf, and sanctions for Iran, and sharp FALL in oil prices.....riiiiight!.....predictions of disappointing retail sales even with fire-sale discounted prices,..... Highest increase (2%) in 30 years for the wholesale price index, and as well, the core ppi (1.3%), GDP growth less than expected at 2%, dollar sharply lower, oil prices up, building permits down, all unexpectedly bad but great news in the fraudulent alice-in-wonderland lunatic world of wall street. New Record Quarterly Trade Deficit initially spurred lunatic market rally along with obfuscating but very commissionable merger activity. Core inflation a very unexpected unchanged .....riiiiight!.....spurs superstitious, devoid of reality, santa rally.� Investment Banks Post Record 2006 Profit .....daaaaah! Churning and earning on worthless paper, where is that commission dollar coming from even as america has ceded solvency/leadership in every economic measure. Even at the lofty record numbers the indices are worth roughly half their value based on precipitous fall of the dollar in only 5 years with further downside to go. Superstitious �Santa Claus rally�.....riiiiight! High oil price rally.....riiiiight!� Total� bulls**t ! Retail sales up a very unexpected 1%, riiiiight, at the same time inventories of such goods rising substantially (do you think they�re booking sales to �straw men/companies�.....I do!) and oil inventories down. Fake employment numbers (from the government.....riiiiight!) the impetus for previous b.s. rally despite falling sentiment and uptick in unemployment. The ism services index (financed by unsustainable deficit/debt spending and pushing/commissioning worthless paper) and jawboning/bulls**t from the housing industry (the end is near.....riiiiight!), obfuscating mergers continued to cloud the picture, closely-watched core-PCE deflator had risen a more than expected 0.2%, second sub-50 reading on manufacturing activity in as many sessions-the November ISM index unexpectedly fell to 49.5 (consensus 52.0), Chicago PMI fell to its lowest level (49.9%) in October, and below the 50 level, indicating contraction, crude prices up� (OIL PRICES RISE ABOVE $63 A BARREL...), DOLLAR RESUMES SLIDE, Fed Chairman Bernanke & Co. cheerleading/jawboning/bulls**t, 3.2% decline in new home sales, oil inventories down and oil prices up, oil producers shun the dollar, Russia and Opec shift revenues into euros, yen and sterling..., all very bad news anywhere but in the fraudulent alice-in-wonderland world of wall street. Durable goods orders fell sharply, sentiment down, but supposedly used home sales rose slightly (riiiiight.....who says; the realtors/government who have been talking up this bubble market?) albeit at sharply lower prices. DOLLAR PLUNGES TO NEAR 15-YEAR LOW� In other words, no good news to justify the ridiculous up move by the alice-in-wonderland frauds of wall street. Worthless dollar, triple deficits, stock/options scandals/corruption, as some speculate that fed is behind purchases/manipulation (through proxy) of worthless american paper now being shunned by more rational market players abroad.� MARKETS ROCKED BY LONG OVERDUE BUT STILL MODEST RELATIVE TO REALITY SHARP SLIDE IN DOLLAR...There has never been a time since 1929 when stock prices and p/e ratios were so irrationally high for this point in a bull cycle in this indisputable secular bear market, particularly with the existing unprecedented structural economic problems, ie., trade and budget deficits, worthless dollar, scandals, fraud, corruption , etc.. In fact, unemployment unexpectedly rose substantially and consumer sentiment unexpectedly but similarly realistically fell, both very negative exept in the� fraudulent alice-in-wonderland world of wall street. Indeed, the housing bubble bursting with ie., unexpected 14% decline in starts/permits, etc., led to rally in the fraudulent alice-in-wonderland world of wall street. Obfuscating mergers help preclude detection of this massive and pervasive fraud which defies analysis owing to these mergers. New talking pointing: dell numbers exceed expectations depending upon ongoing government scrutiny of their accounting practices.....riiiiight! More contrived manipulated markets and data well as that previous unexpected rise in that global hub of manufacturing activity, New York (worthless paper is their real product, etc.) �..riiiiight!�.. underpins fraudulent up move. Reassuring Fed speak, also known as b**l s**t, along with IPO�s (get the suckers in at the highs as in late 90�s market bubble), and shrugging off pervasive stock/options fraud as at, ie., KB Homes, etc., leave stocks ridiculously higher. Nations leaving the worthless dollar in droves for currencies backed by value and for precious metals. Based on the self-interested statement of typical fraud american and fed rep, we hear once again the wishful thought that housing has bottomed.....right! [Reality/Truth: US housing slump deepens, spreads]. Home depot rallies despite lower than expected results and lower guidance for the year.....right! Who is stupid enough to believe anything the fraudulent criminal americans say. They are printing worthless dollars like mad. Consumer sentiment actually previously fell and there was nothing but wall street lunacy to prop the fraudulent market. The republicans who lockstepped with war criminal dumbya bush deserved to lose. The frauds on wall street now looking for the new corporate welfare program for which to sell the sizzle ie., stem cells, etc.. The know-nothing pundits are now saying the up move without any rational basis is predicated upon the the falsity that gridlock in washington is welcomed and good because no regulation of, ie., fraud on wall street, etc., can be passed. How about a tax on stock trades to come directly from the traders' (traitors/frauds) bottom lines and provide a disincentive for the churn-and-earn fraud which is tantamount to a wasteful tax on the economy. Even token Christian paulison from jew fraud wall street couldn't stem the tide against the blatent zionist/neocon/bush co failure accross the board as the wall street frauds show record profits financed, albeit indirectly, by huge deficits, both trade and budget. Obfuscating mergers blur the picture to provide cover for up move talking points in defiance of reality.� Stagflation and full employment revisions pre-election.....riiiiight. Productivity comes in at a less than expected 0 (inflationary). The only surprise should have been that the number wasn't negative. The pundits are now saying that the market/wall street fraud is in a state of denial regarding economic fundamentals and that the market is substantially overbought, overvalued, overfrauded, over, etc., the manufacturing index coming in lower than expectations. Consumer sentiment unexpectedly fell.....daaaaah. Pre-election core inflation rate report good �..riiiiight�..but savings rate still negative and walmart sales/profits/outlook substantially below expectations but what the heck, they�re wallstreet lunatics/frauds and reality is no problem. Despite pre-election deficit spending, GNP comes in a less than expected paltry 1.6% increase with worthless falling dollar the catch-22 precluding reality avoidance and the worst yet to come. More nations leaving the worthless dollar as reserve currency even as frauds on wall street reach new highs (What are they smoking? Coking? or like the dollar just cracking) based on corporate welfare flows with money the nation doesn't have pre-election (record deficits). Housing prices continue their sharp decline as bubble deflates. GM only lost 115 million. Ford lost 5.8 billion and must restate earnings back to year 2000 is a bullish sign in the fraudulent alice-in-wonderland lunatic world of wall street. Typical pre-fed meeting rally to provide a cushion for any negative pronouncements which reality would require but are seldom forthcoming by the accommodative frauds who have similarly embraced unreality. Indeed, the gutless wimps of wall street think they're "tough" when they fraudulently take the market higher despite a clearly contrary fact based reality. Caterpillar relates the pervasive reality and the frauds on wallstreet intimidate same with sell off, ignoring pervasive options scandal/fraud and rallies Merck despite lower than expectation results.....riiiiight! Election year corporate welfare to prime the pump and the mock stock market with money the nation doesn�t have (increasing already huge deficits). CPI figures (upon which government inflation adjusted payment obligations are based) lower than expected�..riiiiight! Intel earnings/revenues down sharply but according to the lunatic frauds on wall street, beat expectations and stock rallies along with yahoo which as in the pre-dot com bust days says better days are a coming�.. riiiiight Core inflation rate which is closely watched by the Fed exceeds all expectations. Fraud Merrill Lynch has really been pushing and commissioning that worthless paper and reports record earnings, despite having produced nothing and for very little if any value added (that ill-gotten money has to come from somewhere-your pockets?). The big economic report awaiting scrutiny was the monthly trade deficit which was expected to narrow but in fact INCREASED to 69.9 billion. The alice-in-wonderland lunatic wall street frauds rallied on the news as the dollar precipitously fell. The Fed Chairman said there is a "substantial correction" in housing, which will probably shave about 1% off growth in the second half of the year. The Institute of Supply Management said its services index fell to 52.9 in September -- the lowest level since April 2003. Great News�.. riiiiight!..... Consumer Confidence Higher Than Expected... riiiiight!..... and housing starts were down sharply but not-as-bad-as-expectations game in play US Existing Home Sales Fall 0.5% in August; Sales Price Drops Existing-home prices fall for 1st time in 11 years along with fed jaw-boning pre-election that inflation has been licked .....riiiiight �..despite printing worthless dollars like they�re going out of style because they really are! Fed did nothing and stocks rallied, pre-election.....riiiiight! What about the reality of u.s. debt service at a record unsustainable $2 billion per day on a revolving $2 trillion charge account with ie., China, etc.. The fact that foreclosures are up and that there is projected new trade deficit record, fake government inflation numbers for election year purposes, housing starts down 6% means little to the alice-in-wonderland lunatic frauds of wall street and the so-called pundits including yahoo below. Almost all computerized volume is and must be considered heavy, manipulated, economically wasteful volume [stocks move contrary to rational analytical facts (ie., exceeded lowered expectations, things so bad interest rates can�t rise, exceeded expectations, no earnings but outlook extraordinary, the fed says booo as they print more worthless dollars to finance deficits, etc. ) is money in the bank for the frauds on wall street when they unwind said irrational positions ]. Philadelphia Federal Reserve announces that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, leading economic indicators fall .2%, and previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows with b**l s**t from Yahoo (which didn�t even reference the record unanticipated trade gap):

There is nothing to rationally justify the previous up move or mixed results in the market other than what is tantamount to a negative, and based upon spurious data from the government; ie., fake government numbers said total PPI rose a smaller than expected 0.1% (consensus 0.4%) in July, which was well below the 0.5% jump in June, while the more closely watched core rate (ex-food and energy) unexpectedly (RIIIIIGHT!) fell 0.3% (consensus +0.2%) -- the first decline since October and the largest drop since a 0.5% decline in April 2003. Home Sales Decline in 28 States, D.C.. Real estate prices down/stagnant. But housing stocks�..up.....riiiiight!.....in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down.� Martin Crutsinger, AP Economics Writer, previously wrote,� U.S. Trade Deficit Falls 0.3 Percent in June to $64.8B, Offsetting Jump in Chinese Imports. Dell Recall Stems From sony Production Flaw� WASHINGTON (AP) -- America's trade deficit showed a slight improvement as strong global growth pushed U.S. exports to a record level. That helped offset a surge in Chinese imports and record crude oil prices. The deficit declined 0.3 percent in June, compared with May, dropping to $64.8 billion, still the fifth largest imbalance on record, the Commerce Department reported Thursday. The deficit is running at an annual rate of $768 billion through the first six months of this year, putting the country on track to see a fifth straight record imbalance. Last year's deficit was $716.7 billion. Prior considerations remain apposite in this clearly overvalued market. The frauds on wall street feel compelled to continue their tradition/superstition/fraud tactic of buying on the rumor and selling on the news (fact) of the Fed�s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money.� Yahoo previously commented: Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance....., to which I responded, Wild..... I�ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported and will now join gm in worker buyouts; but both GM and Ford will now offer built-in ipods which should substantially help their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Analyst says GM good news now behind it (past/discounted), yet stock still rose upon said analysis �..riiiiight�.. daaaaah! Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal, maybe even suspension, that has cast a harsh light on Silicon Valley's compensation practices. Don�t forget that GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland lunatic world of wall street is of course good news. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid (approx.) 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it�s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very commissionable (investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $61; yes, as in the last crash, they will get fooled again� as stocks up sharply in the fraudulent alice-in-wonderland lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the pundits/analysts are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley (who also says that in Europe bush�s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the �better than expectations� game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. Spotlight on the Stock Option Scandal-The share prices of companies involved in stock options backdating have held up well compared to the broader market. But shareholders might be in for a rougher ride. Plus, why the Nasdaq has its hands full. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived pearl harbor effect)/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/ and the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what�s up is down and what�s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they�ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin� to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don�t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)

"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006

WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):

The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

(2-23-07) The lunatic frauds on wall street (what a joke wall street is!) are maniacal as lunatics suckers �bear market/higher oil prices/fake economic report/fed speak (based upon b**l s**t/fake reports even assuming fake growth rate though false, the decline of the fiat currency, the worthless dollar would negate same in real terms) (b.s. contrary to bernanke testimony before congress owing to previous implicit threat of prosecution for false statements)� rally into the close fueled by b**l s**t alone to end ridiculously only modestly lower relative to reality to suck the suckers in; ie., as the Dow Jones industrial average down 38.54, S&P down 5.19, and NASDAQ down 9.84, all very commissionable on heavy volume, as in final pre-election result push for bush, which fell very short but has provided the same pump-priming of the market as most recently seen in 1999 which ended quite badly even without the exacerbating effects of huge unsustainable and debilitating debt/deficits deferring/delaying/prolonging the inevitable reality even as entire domestic u.s. industries are rendered what is tantamount to defunct and with corporate welfare unwisely spent (war crimes, etc.). Oil rise on US energy inventory data. Stagflation, fake reports understate fundamental weakness, higher oil prices rally. Housing starts down sharply, as investors, domestic and international, dramatically slow purchase of fiat currency/worthless us/dollar denominated stocks and bonds. Record real estate price slump; industrial production/utilization down. Record home price slump. Retail numbers at best (I don�t believe them for a second) just flat; massive layoffs at Chrysler; more government borrowing to paint false facade. Trade deficit up sharply and new record for all of 2006 - $763 billion (the market last rallied with previous month�s improvement, and rallies with worsening, everything else was typical wall street b**l s**t meaning and based on nothing, ie., m&a, upgrade, etc.). Default rates up again. HSBC Holdings, the world's third largest bank, warned that provisions for bad debt will be some 20% higher than previously thought. SEC launch of insider trading (pervasive on fraudulent wall street) probe just tip of the iceberg. Negative savings rate (highest since great depression), factory output down, home inventories highest since last crash, defaults up, gm and ford sales down 17% and 19%, deficits trade/budget, dollar down and going lower, january jobs data weaker than the consensus estimate and below the average gain of 153,000 per month for all of 2006 and viewed as bearish......but no problemo if you�re a lunatic fraud on wall street. Fake economic growth report from the administration. Mergers and acquisitions continue to cloud the picture facilitating the fraud. Having beat fraudulent alice-in-wonderland lunatic world of wall street expectations with Record Loss of $12.7 Billion, the rally in Ford�s stock continues..... riiiiight! Fake numbers also a plus. Ford Posts Record Loss of $12.7 Billion.....stock rallies on the news.....riiiiight! P/E ratios far beyond the mean particularly for this stage in the cycle for selected securities (ie., 80+, etc.). Higher oil prices and fake indicators report spark rally.....riiiiight! Report on leading economic indicators is delayed (very unusual unless you understand the greater complexity in fudging same.....not to worry, fans of frauds on wall street.....the lunatic frauds will also get their churn-and-earn commission dollars on the way down).Fed Chairman Bernanke begins to euphemistically discuss reality on capital hill. PAPER: Condo market in DC, Vegas, Miami and Boston has collapsed... Euro displaces dollar in bond markets...Higher oil prices and fake numbers spurs rally. More fake job numbers (at best, hamburger helpers, etc.). Yahoo profit falls 61% but rallies 6% on b**l s**t alone. Jawboning by kohn of print-those-worthless-dollars fed raises market.....riiiiight! The ism services index fell, but that was down from an unexpectedly and fake strong read a month earlier, manufacturing index up slightly to 51.4 (they must be counting hamburgers as manufactured goods in u.s......riiiiight!) but fed knows they�ve been printing worthless dollars like mad which of course is hyperinflationary and will come home to roost, along with huge debt/deficits, trade and budget, Stores Report Disappointing Dec. Sales, Gap Woes Deepen in Bleak Holiday Season. Ford and GM auto sales down 13%. More reports in defiance of reality, oil prices up, Dollar Slides...,every intelligent analyst/economist knows that the new home sales number from the government is a total lie that will be revised downward later, that the options scandals are pervasive in fraudulent america (100 investigations just tip of the iceberg), oil stocks continue to rally on lower oil prices, as previously on pipeline explosion in Nigeria, spill in Gulf, and sanctions for Iran, and sharp FALL in oil prices.....riiiiight!.....predictions of disappointing retail sales even with fire-sale discounted prices,..... Highest increase (2%) in 30 years for the wholesale price index, and as well, the core ppi (1.3%), GDP growth less than expected at 2%, dollar sharply lower, oil prices up, building permits down, all unexpectedly bad but great news in the fraudulent alice-in-wonderland lunatic world of wall street. New Record Quarterly Trade Deficit initially spurred lunatic market rally along with obfuscating but very commissionable merger activity. Core inflation a very unexpected unchanged .....riiiiight!.....spurs superstitious, devoid of reality, santa rally.� Investment Banks Post Record 2006 Profit .....daaaaah! Churning and earning on worthless paper, where is that commission dollar coming from even as america has ceded solvency/leadership in every economic measure. Even at the lofty record numbers the indices are worth roughly half their value based on precipitous fall of the dollar in only 5 years with further downside to go. Superstitious �Santa Claus rally�.....riiiiight! High oil price rally.....riiiiight!� Total� bulls**t ! Retail sales up a very unexpected 1%, riiiiight, at the same time inventories of such goods rising substantially (do you think they�re booking sales to �straw men/companies�.....I do!) and oil inventories down. Fake employment numbers (from the government.....riiiiight!) the impetus for previous b.s. rally despite falling sentiment and uptick in unemployment. The ism services index (financed by unsustainable deficit/debt spending and pushing/commissioning worthless paper) and jawboning/bulls**t from the housing industry (the end is near.....riiiiight!), obfuscating mergers continued to cloud the picture, closely-watched core-PCE deflator had risen a more than expected 0.2%, second sub-50 reading on manufacturing activity in as many sessions-the November ISM index unexpectedly fell to 49.5 (consensus 52.0), Chicago PMI fell to its lowest level (49.9%) in October, and below the 50 level, indicating contraction, crude prices up� (OIL PRICES RISE ABOVE $63 A BARREL...), DOLLAR RESUMES SLIDE, Fed Chairman Bernanke & Co. cheerleading/jawboning/bulls**t, 3.2% decline in new home sales, oil inventories down and oil prices up, oil producers shun the dollar, Russia and Opec shift revenues into euros, yen and sterling..., all very bad news anywhere but in the fraudulent alice-in-wonderland world of wall street. Durable goods orders fell sharply, sentiment down, but supposedly used home sales rose slightly (riiiiight.....who says; the realtors/government who have been talking up this bubble market?) albeit at sharply lower prices. DOLLAR PLUNGES TO NEAR 15-YEAR LOW� In other words, no good news to justify the ridiculous up move by the alice-in-wonderland frauds of wall street. Worthless dollar, triple deficits, stock/options scandals/corruption, as some speculate that fed is behind purchases/manipulation (through proxy) of worthless american paper now being shunned by more rational market players abroad.� MARKETS ROCKED BY LONG OVERDUE BUT STILL MODEST RELATIVE TO REALITY SHARP SLIDE IN DOLLAR...There has never been a time since 1929 when stock prices and p/e ratios were so irrationally high for this point in a bull cycle in this indisputable secular bear market, particularly with the existing unprecedented structural economic problems, ie., trade and budget deficits, worthless dollar, scandals, fraud, corruption , etc.. In fact, unemployment unexpectedly rose substantially and consumer sentiment unexpectedly but similarly realistically fell, both very negative exept in the� fraudulent alice-in-wonderland world of wall street. Indeed, the housing bubble bursting with ie., unexpected 14% decline in starts/permits, etc., led to rally in the fraudulent alice-in-wonderland world of wall street. Obfuscating mergers help preclude detection of this massive and pervasive fraud which defies analysis owing to these mergers. New talking pointing: dell numbers exceed expectations depending upon ongoing government scrutiny of their accounting practices.....riiiiight! More contrived manipulated markets and data well as that previous unexpected rise in that global hub of manufacturing activity, New York (worthless paper is their real product, etc.) �..riiiiight!�.. underpins fraudulent up move. Reassuring Fed speak, also known as b**l s**t, along with IPO�s (get the suckers in at the highs as in late 90�s market bubble), and shrugging off pervasive stock/options fraud as at, ie., KB Homes, etc., leave stocks ridiculously higher. Nations leaving the worthless dollar in droves for currencies backed by value and for precious metals. Based on the self-interested statement of typical fraud american and fed rep, we hear once again the wishful thought that housing has bottomed.....right! [Reality/Truth: US housing slump deepens, spreads]. Home depot rallies despite lower than expected results and lower guidance for the year.....right! Who is stupid enough to believe anything the fraudulent criminal americans say. They are printing worthless dollars like mad. Consumer sentiment actually previously fell and there was nothing but wall street lunacy to prop the fraudulent market. The republicans who lockstepped with war criminal dumbya bush deserved to lose. The frauds on wall street now looking for the new corporate welfare program for which to sell the sizzle ie., stem cells, etc.. The know-nothing pundits are now saying the up move without any rational basis is predicated upon the the falsity that gridlock in washington is welcomed and good because no regulation of, ie., fraud on wall street, etc., can be passed. How about a tax on stock trades to come directly from the traders' (traitors/frauds) bottom lines and provide a disincentive for the churn-and-earn fraud which is tantamount to a wasteful tax on the economy. Even token Christian paulison from jew fraud wall street couldn't stem the tide against the blatent zionist/neocon/bush co failure accross the board as the wall street frauds show record profits financed, albeit indirectly, by huge deficits, both trade and budget. Obfuscating mergers blur the picture to provide cover for up move talking points in defiance of reality.� Stagflation and full employment revisions pre-election.....riiiiight. Productivity comes in at a less than expected 0 (inflationary). The only surprise should have been that the number wasn't negative. The pundits are now saying that the market/wall street fraud is in a state of denial regarding economic fundamentals and that the market is substantially overbought, overvalued, overfrauded, over, etc., the manufacturing index coming in lower than expectations. Consumer sentiment unexpectedly fell.....daaaaah. Pre-election core inflation rate report good �..riiiiight�..but savings rate still negative and walmart sales/profits/outlook substantially below expectations but what the heck, they�re wallstreet lunatics/frauds and reality is no problem. Despite pre-election deficit spending, GNP comes in a less than expected paltry 1.6% increase with worthless falling dollar the catch-22 precluding reality avoidance and the worst yet to come. More nations leaving the worthless dollar as reserve currency even as frauds on wall street reach new highs (What are they smoking? Coking? or like the dollar just cracking) based on corporate welfare flows with money the nation doesn't have pre-election (record deficits). Housing prices continue their sharp decline as bubble deflates. GM only lost 115 million. Ford lost 5.8 billion and must restate earnings back to year 2000 is a bullish sign in the fraudulent alice-in-wonderland lunatic world of wall street. Typical pre-fed meeting rally to provide a cushion for any negative pronouncements which reality would require but are seldom forthcoming by the accommodative frauds who have similarly embraced unreality. Indeed, the gutless wimps of wall street think they're "tough" when they fraudulently take the market higher despite a clearly contrary fact based reality. Caterpillar relates the pervasive reality and the frauds on wallstreet intimidate same with sell off, ignoring pervasive options scandal/fraud and rallies Merck despite lower than expectation results.....riiiiight! Election year corporate welfare to prime the pump and the mock stock market with money the nation doesn�t have (increasing already huge deficits). CPI figures (upon which government inflation adjusted payment obligations are based) lower than expected�..riiiiight! Intel earnings/revenues down sharply but according to the lunatic frauds on wall street, beat expectations and stock rallies along with yahoo which as in the pre-dot com bust days says better days are a coming�.. riiiiight Core inflation rate which is closely watched by the Fed exceeds all expectations. Fraud Merrill Lynch has really been pushing and commissioning that worthless paper and reports record earnings, despite having produced nothing and for very little if any value added (that ill-gotten money has to come from somewhere-your pockets?). The big economic report awaiting scrutiny was the monthly trade deficit which was expected to narrow but in fact INCREASED to 69.9 billion. The alice-in-wonderland lunatic wall street frauds rallied on the news as the dollar precipitously fell. The Fed Chairman said there is a "substantial correction" in housing, which will probably shave about 1% off growth in the second half of the year. The Institute of Supply Management said its services index fell to 52.9 in September -- the lowest level since April 2003. Great News�.. riiiiight!..... Consumer Confidence Higher Than Expected... riiiiight!..... and housing starts were down sharply but not-as-bad-as-expectations game in play US Existing Home Sales Fall 0.5% in August; Sales Price Drops Existing-home prices fall for 1st time in 11 years along with fed jaw-boning pre-election that inflation has been licked .....riiiiight �..despite printing worthless dollars like they�re going out of style because they really are! Fed did nothing and stocks rallied, pre-election.....riiiiight! What about the reality of u.s. debt service at a record unsustainable $2 billion per day on a revolving $2 trillion charge account with ie., China, etc.. The fact that foreclosures are up and that there is projected new trade deficit record, fake government inflation numbers for election year purposes, housing starts down 6% means little to the alice-in-wonderland lunatic frauds of wall street and the so-called pundits including yahoo below. Almost all computerized volume is and must be considered heavy, manipulated, economically wasteful volume [stocks move contrary to rational analytical facts (ie., exceeded lowered expectations, things so bad interest rates can�t rise, exceeded expectations, no earnings but outlook extraordinary, the fed says booo as they print more worthless dollars to finance deficits, etc. ) is money in the bank for the frauds on wall street when they unwind said irrational positions ]. Philadelphia Federal Reserve announces that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, leading economic indicators fall .2%, and previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows with b**l s**t from Yahoo (which didn�t even reference the record unanticipated trade gap):

There is nothing to rationally justify the previous up move or mixed results in the market other than what is tantamount to a negative, and based upon spurious data from the government; ie., fake government numbers said total PPI rose a smaller than expected 0.1% (consensus 0.4%) in July, which was well below the 0.5% jump in June, while the more closely watched core rate (ex-food and energy) unexpectedly (RIIIIIGHT!) fell 0.3% (consensus +0.2%) -- the first decline since October and the largest drop since a 0.5% decline in April 2003. Home Sales Decline in 28 States, D.C.. Real estate prices down/stagnant. But housing stocks�..up.....riiiiight!.....in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down.� Martin Crutsinger, AP Economics Writer, previously wrote,� U.S. Trade Deficit Falls 0.3 Percent in June to $64.8B, Offsetting Jump in Chinese Imports. Dell Recall Stems From sony Production Flaw� WASHINGTON (AP) -- America's trade deficit showed a slight improvement as strong global growth pushed U.S. exports to a record level. That helped offset a surge in Chinese imports and record crude oil prices. The deficit declined 0.3 percent in June, compared with May, dropping to $64.8 billion, still the fifth largest imbalance on record, the Commerce Department reported Thursday. The deficit is running at an annual rate of $768 billion through the first six months of this year, putting the country on track to see a fifth straight record imbalance. Last year's deficit was $716.7 billion. Prior considerations remain apposite in this clearly overvalued market. The frauds on wall street feel compelled to continue their tradition/superstition/fraud tactic of buying on the rumor and selling on the news (fact) of the Fed�s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money.� Yahoo previously commented: Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance....., to which I responded, Wild..... I�ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported and will now join gm in worker buyouts; but both GM and Ford will now offer built-in ipods which should substantially help their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Analyst says GM good news now behind it (past/discounted), yet stock still rose upon said analysis �..riiiiight�.. daaaaah! Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal, maybe even suspension, that has cast a harsh light on Silicon Valley's compensation practices. Don�t forget that GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland lunatic world of wall street is of course good news. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid (approx.) 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it�s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very commissionable (investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $61; yes, as in the last crash, they will get fooled again� as stocks up sharply in the fraudulent alice-in-wonderland lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the pundits/analysts are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley (who also says that in Europe bush�s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the �better than expectations� game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. Spotlight on the Stock Option Scandal-The share prices of companies involved in stock options backdating have held up well compared to the broader market. But shareholders might be in for a rougher ride. Plus, why the Nasdaq has its hands full. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived pearl harbor effect)/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/ and the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what�s up is down and what�s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they�ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin� to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don�t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)

"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006

WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):

The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

(2-22-07) The lunatic frauds on wall street (what a joke wall street is!) are maniacal as lunatics suckers �bear market/higher oil prices/fake economic report/fed speak (based upon b**l s**t/fake reports even assuming fake growth rate though false, the decline of the fiat currency, the worthless dollar would negate same in real terms) (b.s. contrary to bernanke testimony before congress owing to previous implicit threat of prosecution for false statements)� rally into the close fueled by b**l s**t alone to end ridiculously mixed to suck the suckers in; ie., as the Dow Jones industrial average down 52.39, S&P down 1.25, and NASDAQ up 6.52, all very commissionable on heavy volume, as in final pre-election result push for bush, which fell very short but has provided the same pump-priming of the market as most recently seen in 1999 which ended quite badly even without the exacerbating effects of huge unsustainable and debilitating debt/deficits deferring/delaying/prolonging the inevitable reality even as entire domestic u.s. industries are rendered what is tantamount to defunct and with corporate welfare unwisely spent (war crimes, etc.). Oil rise on US energy inventory data. Stagflation, fake reports understate fundamental weakness, higher oil prices rally. Housing starts down sharply, as investors, domestic and international, dramatically slow purchase of fiat currency/worthless us/dollar denominated stocks and bonds. Record real estate price slump; industrial production/utilization down. Record home price slump. Retail numbers at best (I don�t believe them for a second) just flat; massive layoffs at Chrysler; more government borrowing to paint false facade. Trade deficit up sharply and new record for all of 2006 - $763 billion (the market last rallied with previous month�s improvement, and rallies with worsening, everything else was typical wall street b**l s**t meaning and based on nothing, ie., m&a, upgrade, etc.). Default rates up again. HSBC Holdings, the world's third largest bank, warned that provisions for bad debt will be some 20% higher than previously thought. SEC launch of insider trading (pervasive on fraudulent wall street) probe just tip of the iceberg. Negative savings rate (highest since great depression), factory output down, home inventories highest since last crash, defaults up, gm and ford sales down 17% and 19%, deficits trade/budget, dollar down and going lower, january jobs data weaker than the consensus estimate and below the average gain of 153,000 per month for all of 2006 and viewed as bearish......but no problemo if you�re a lunatic fraud on wall street. Fake economic growth report from the administration. Mergers and acquisitions continue to cloud the picture facilitating the fraud. Having beat fraudulent alice-in-wonderland lunatic world of wall street expectations with Record Loss of $12.7 Billion, the rally in Ford�s stock continues..... riiiiight! Fake numbers also a plus. Ford Posts Record Loss of $12.7 Billion.....stock rallies on the news.....riiiiight! P/E ratios far beyond the mean particularly for this stage in the cycle for selected securities (ie., 80+, etc.). Higher oil prices and fake indicators report spark rally.....riiiiight! Report on leading economic indicators is delayed (very unusual unless you understand the greater complexity in fudging same.....not to worry, fans of frauds on wall street.....the lunatic frauds will also get their churn-and-earn commission dollars on the way down).Fed Chairman Bernanke begins to euphemistically discuss reality on capital hill. PAPER: Condo market in DC, Vegas, Miami and Boston has collapsed... Euro displaces dollar in bond markets...Higher oil prices and fake numbers spurs rally. More fake job numbers (at best, hamburger helpers, etc.). Yahoo profit falls 61% but rallies 6% on b**l s**t alone. Jawboning by kohn of print-those-worthless-dollars fed raises market.....riiiiight! The ism services index fell, but that was down from an unexpectedly and fake strong read a month earlier, manufacturing index up slightly to 51.4 (they must be counting hamburgers as manufactured goods in u.s......riiiiight!) but fed knows they�ve been printing worthless dollars like mad which of course is hyperinflationary and will come home to roost, along with huge debt/deficits, trade and budget, Stores Report Disappointing Dec. Sales, Gap Woes Deepen in Bleak Holiday Season. Ford and GM auto sales down 13%. More reports in defiance of reality, oil prices up, Dollar Slides...,every intelligent analyst/economist knows that the new home sales number from the government is a total lie that will be revised downward later, that the options scandals are pervasive in fraudulent america (100 investigations just tip of the iceberg), oil stocks continue to rally on lower oil prices, as previously on pipeline explosion in Nigeria, spill in Gulf, and sanctions for Iran, and sharp FALL in oil prices.....riiiiight!.....predictions of disappointing retail sales even with fire-sale discounted prices,..... Highest increase (2%) in 30 years for the wholesale price index, and as well, the core ppi (1.3%), GDP growth less than expected at 2%, dollar sharply lower, oil prices up, building permits down, all unexpectedly bad but great news in the fraudulent alice-in-wonderland lunatic world of wall street. New Record Quarterly Trade Deficit initially spurred lunatic market rally along with obfuscating but very commissionable merger activity. Core inflation a very unexpected unchanged .....riiiiight!.....spurs superstitious, devoid of reality, santa rally.� Investment Banks Post Record 2006 Profit .....daaaaah! Churning and earning on worthless paper, where is that commission dollar coming from even as america has ceded solvency/leadership in every economic measure. Even at the lofty record numbers the indices are worth roughly half their value based on precipitous fall of the dollar in only 5 years with further downside to go. Superstitious �Santa Claus rally�.....riiiiight! High oil price rally.....riiiiight!� Total� bulls**t ! Retail sales up a very unexpected 1%, riiiiight, at the same time inventories of such goods rising substantially (do you think they�re booking sales to �straw men/companies�.....I do!) and oil inventories down. Fake employment numbers (from the government.....riiiiight!) the impetus for previous b.s. rally despite falling sentiment and uptick in unemployment. The ism services index (financed by unsustainable deficit/debt spending and pushing/commissioning worthless paper) and jawboning/bulls**t from the housing industry (the end is near.....riiiiight!), obfuscating mergers continued to cloud the picture, closely-watched core-PCE deflator had risen a more than expected 0.2%, second sub-50 reading on manufacturing activity in as many sessions-the November ISM index unexpectedly fell to 49.5 (consensus 52.0), Chicago PMI fell to its lowest level (49.9%) in October, and below the 50 level, indicating contraction, crude prices up� (OIL PRICES RISE ABOVE $63 A BARREL...), DOLLAR RESUMES SLIDE, Fed Chairman Bernanke & Co. cheerleading/jawboning/bulls**t, 3.2% decline in new home sales, oil inventories down and oil prices up, oil producers shun the dollar, Russia and Opec shift revenues into euros, yen and sterling..., all very bad news anywhere but in the fraudulent alice-in-wonderland world of wall street. Durable goods orders fell sharply, sentiment down, but supposedly used home sales rose slightly (riiiiight.....who says; the realtors/government who have been talking up this bubble market?) albeit at sharply lower prices. DOLLAR PLUNGES TO NEAR 15-YEAR LOW� In other words, no good news to justify the ridiculous up move by the alice-in-wonderland frauds of wall street. Worthless dollar, triple deficits, stock/options scandals/corruption, as some speculate that fed is behind purchases/manipulation (through proxy) of worthless american paper now being shunned by more rational market players abroad.� MARKETS ROCKED BY LONG OVERDUE BUT STILL MODEST RELATIVE TO REALITY SHARP SLIDE IN DOLLAR...There has never been a time since 1929 when stock prices and p/e ratios were so irrationally high for this point in a bull cycle in this indisputable secular bear market, particularly with the existing unprecedented structural economic problems, ie., trade and budget deficits, worthless dollar, scandals, fraud, corruption , etc.. In fact, unemployment unexpectedly rose substantially and consumer sentiment unexpectedly but similarly realistically fell, both very negative exept in the� fraudulent alice-in-wonderland world of wall street. Indeed, the housing bubble bursting with ie., unexpected 14% decline in starts/permits, etc., led to rally in the fraudulent alice-in-wonderland world of wall street. Obfuscating mergers help preclude detection of this massive and pervasive fraud which defies analysis owing to these mergers. New talking pointing: dell numbers exceed expectations depending upon ongoing government scrutiny of their accounting practices.....riiiiight! More contrived manipulated markets and data well as that previous unexpected rise in that global hub of manufacturing activity, New York (worthless paper is their real product, etc.) �..riiiiight!�.. underpins fraudulent up move. Reassuring Fed speak, also known as b**l s**t, along with IPO�s (get the suckers in at the highs as in late 90�s market bubble), and shrugging off pervasive stock/options fraud as at, ie., KB Homes, etc., leave stocks ridiculously higher. Nations leaving the worthless dollar in droves for currencies backed by value and for precious metals. Based on the self-interested statement of typical fraud american and fed rep, we hear once again the wishful thought that housing has bottomed.....right! [Reality/Truth: US housing slump deepens, spreads]. Home depot rallies despite lower than expected results and lower guidance for the year.....right! Who is stupid enough to believe anything the fraudulent criminal americans say. They are printing worthless dollars like mad. Consumer sentiment actually previously fell and there was nothing but wall street lunacy to prop the fraudulent market. The republicans who lockstepped with war criminal dumbya bush deserved to lose. The frauds on wall street now looking for the new corporate welfare program for which to sell the sizzle ie., stem cells, etc.. The know-nothing pundits are now saying the up move without any rational basis is predicated upon the the falsity that gridlock in washington is welcomed and good because no regulation of, ie., fraud on wall street, etc., can be passed. How about a tax on stock trades to come directly from the traders' (traitors/frauds) bottom lines and provide a disincentive for the churn-and-earn fraud which is tantamount to a wasteful tax on the economy. Even token Christian paulison from jew fraud wall street couldn't stem the tide against the blatent zionist/neocon/bush co failure accross the board as the wall street frauds show record profits financed, albeit indirectly, by huge deficits, both trade and budget. Obfuscating mergers blur the picture to provide cover for up move talking points in defiance of reality.� Stagflation and full employment revisions pre-election.....riiiiight. Productivity comes in at a less than expected 0 (inflationary). The only surprise should have been that the number wasn't negative. The pundits are now saying that the market/wall street fraud is in a state of denial regarding economic fundamentals and that the market is substantially overbought, overvalued, overfrauded, over, etc., the manufacturing index coming in lower than expectations. Consumer sentiment unexpectedly fell.....daaaaah. Pre-election core inflation rate report good �..riiiiight�..but savings rate still negative and walmart sales/profits/outlook substantially below expectations but what the heck, they�re wallstreet lunatics/frauds and reality is no problem. Despite pre-election deficit spending, GNP comes in a less than expected paltry 1.6% increase with worthless falling dollar the catch-22 precluding reality avoidance and the worst yet to come. More nations leaving the worthless dollar as reserve currency even as frauds on wall street reach new highs (What are they smoking? Coking? or like the dollar just cracking) based on corporate welfare flows with money the nation doesn't have pre-election (record deficits). Housing prices continue their sharp decline as bubble deflates. GM only lost 115 million. Ford lost 5.8 billion and must restate earnings back to year 2000 is a bullish sign in the fraudulent alice-in-wonderland lunatic world of wall street. Typical pre-fed meeting rally to provide a cushion for any negative pronouncements which reality would require but are seldom forthcoming by the accommodative frauds who have similarly embraced unreality. Indeed, the gutless wimps of wall street think they're "tough" when they fraudulently take the market higher despite a clearly contrary fact based reality. Caterpillar relates the pervasive reality and the frauds on wallstreet intimidate same with sell off, ignoring pervasive options scandal/fraud and rallies Merck despite lower than expectation results.....riiiiight! Election year corporate welfare to prime the pump and the mock stock market with money the nation doesn�t have (increasing already huge deficits). CPI figures (upon which government inflation adjusted payment obligations are based) lower than expected�..riiiiight! Intel earnings/revenues down sharply but according to the lunatic frauds on wall street, beat expectations and stock rallies along with yahoo which as in the pre-dot com bust days says better days are a coming�.. riiiiight Core inflation rate which is closely watched by the Fed exceeds all expectations. Fraud Merrill Lynch has really been pushing and commissioning that worthless paper and reports record earnings, despite having produced nothing and for very little if any value added (that ill-gotten money has to come from somewhere-your pockets?). The big economic report awaiting scrutiny was the monthly trade deficit which was expected to narrow but in fact INCREASED to 69.9 billion. The alice-in-wonderland lunatic wall street frauds rallied on the news as the dollar precipitously fell. The Fed Chairman said there is a "substantial correction" in housing, which will probably shave about 1% off growth in the second half of the year. The Institute of Supply Management said its services index fell to 52.9 in September -- the lowest level since April 2003. Great News�.. riiiiight!..... Consumer Confidence Higher Than Expected... riiiiight!..... and housing starts were down sharply but not-as-bad-as-expectations game in play US Existing Home Sales Fall 0.5% in August; Sales Price Drops Existing-home prices fall for 1st time in 11 years along with fed jaw-boning pre-election that inflation has been licked .....riiiiight �..despite printing worthless dollars like they�re going out of style because they really are! Fed did nothing and stocks rallied, pre-election.....riiiiight! What about the reality of u.s. debt service at a record unsustainable $2 billion per day on a revolving $2 trillion charge account with ie., China, etc.. The fact that foreclosures are up and that there is projected new trade deficit record, fake government inflation numbers for election year purposes, housing starts down 6% means little to the alice-in-wonderland lunatic frauds of wall street and the so-called pundits including yahoo below. Almost all computerized volume is and must be considered heavy, manipulated, economically wasteful volume [stocks move contrary to rational analytical facts (ie., exceeded lowered expectations, things so bad interest rates can�t rise, exceeded expectations, no earnings but outlook extraordinary, the fed says booo as they print more worthless dollars to finance deficits, etc. ) is money in the bank for the frauds on wall street when they unwind said irrational positions ]. Philadelphia Federal Reserve announces that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, leading economic indicators fall .2%, and previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows with b**l s**t from Yahoo (which didn�t even reference the record unanticipated trade gap):

There is nothing to rationally justify the previous up move or mixed results in the market other than what is tantamount to a negative, and based upon spurious data from the government; ie., fake government numbers said total PPI rose a smaller than expected 0.1% (consensus 0.4%) in July, which was well below the 0.5% jump in June, while the more closely watched core rate (ex-food and energy) unexpectedly (RIIIIIGHT!) fell 0.3% (consensus +0.2%) -- the first decline since October and the largest drop since a 0.5% decline in April 2003. Home Sales Decline in 28 States, D.C.. Real estate prices down/stagnant. But housing stocks�..up.....riiiiight!.....in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down.� Martin Crutsinger, AP Economics Writer, previously wrote,� U.S. Trade Deficit Falls 0.3 Percent in June to $64.8B, Offsetting Jump in Chinese Imports. Dell Recall Stems From sony Production Flaw� WASHINGTON (AP) -- America's trade deficit showed a slight improvement as strong global growth pushed U.S. exports to a record level. That helped offset a surge in Chinese imports and record crude oil prices. The deficit declined 0.3 percent in June, compared with May, dropping to $64.8 billion, still the fifth largest imbalance on record, the Commerce Department reported Thursday. The deficit is running at an annual rate of $768 billion through the first six months of this year, putting the country on track to see a fifth straight record imbalance. Last year's deficit was $716.7 billion. Prior considerations remain apposite in this clearly overvalued market. The frauds on wall street feel compelled to continue their tradition/superstition/fraud tactic of buying on the rumor and selling on the news (fact) of the Fed�s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money.� Yahoo previously commented: Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance....., to which I responded, Wild..... I�ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported and will now join gm in worker buyouts; but both GM and Ford will now offer built-in ipods which should substantially help their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Analyst says GM good news now behind it (past/discounted), yet stock still rose upon said analysis �..riiiiight�.. daaaaah! Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal, maybe even suspension, that has cast a harsh light on Silicon Valley's compensation practices. Don�t forget that GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland lunatic world of wall street is of course good news. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid (approx.) 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it�s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very commissionable (investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $60; yes, as in the last crash, they will get fooled again� as stocks up sharply in the fraudulent alice-in-wonderland lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the pundits/analysts are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley (who also says that in Europe bush�s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the �better than expectations� game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. Spotlight on the Stock Option Scandal-The share prices of companies involved in stock options backdating have held up well compared to the broader market. But shareholders might be in for a rougher ride. Plus, why the Nasdaq has its hands full. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived pearl harbor effect)/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/ and the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what�s up is down and what�s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they�ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin� to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don�t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)

"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006

WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):

The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

(2-21-07) The lunatic frauds on wall street (what a joke wall street is!) are maniacal as lunatics suckers �bear market/higher oil prices/fake economic report/fed speak (based upon b**l s**t/fake reports even assuming fake growth rate though false, the decline of the fiat currency, the worthless dollar would negate same in real terms) (b.s. contrary to bernanke testimony before congress owing to previous implicit threat of prosecution for false statements)� rally into the close fueled by b**l s**t alone to end ridiculously mixed to suck the suckers in; ie., as the Dow Jones industrial average down 48.23, S&P down 2.05, and NASDAQ up 5.38, all very commissionable on heavy volume, as in final pre-election result push for bush, which fell very short but has provided the same pump-priming of the market as most recently seen in 1999 which ended quite badly even without the exacerbating effects of huge unsustainable and debilitating debt/deficits deferring/delaying/prolonging the inevitable reality even as entire domestic u.s. industries are rendered what is tantamount to defunct and with corporate welfare unwisely spent (war crimes, etc.). Stagflation, fake reports understate fundamental weakness, higher oil prices rally. Housing starts down sharply, as investors, domestic and international, dramatically slow purchase of fiat currency/worthless us/dollar denominated stocks and bonds. Record real estate price slump; industrial production/utilization down. Record home price slump. Retail numbers at best (I don�t believe them for a second) just flat; massive layoffs at Chrysler; more government borrowing to paint false facade. Trade deficit up sharply and new record for all of 2006 - $763 billion (the market last rallied with previous month�s improvement, and rallies with worsening, everything else was typical wall street b**l s**t meaning and based on nothing, ie., m&a, upgrade, etc.). Default rates up again. HSBC Holdings, the world's third largest bank, warned that provisions for bad debt will be some 20% higher than previously thought. SEC launch of insider trading (pervasive on fraudulent wall street) probe just tip of the iceberg. Negative savings rate (highest since great depression), factory output down, home inventories highest since last crash, defaults up, gm and ford sales down 17% and 19%, deficits trade/budget, dollar down and going lower, january jobs data weaker than the consensus estimate and below the average gain of 153,000 per month for all of 2006 and viewed as bearish......but no problemo if you�re a lunatic fraud on wall street. Fake economic growth report from the administration. Mergers and acquisitions continue to cloud the picture facilitating the fraud. Having beat fraudulent alice-in-wonderland lunatic world of wall street expectations with Record Loss of $12.7 Billion, the rally in Ford�s stock continues..... riiiiight! Fake numbers also a plus. Ford Posts Record Loss of $12.7 Billion.....stock rallies on the news.....riiiiight! P/E ratios far beyond the mean particularly for this stage in the cycle for selected securities (ie., 80+, etc.). Higher oil prices and fake indicators report spark rally.....riiiiight! Report on leading economic indicators is delayed (very unusual unless you understand the greater complexity in fudging same.....not to worry, fans of frauds on wall street.....the lunatic frauds will also get their churn-and-earn commission dollars on the way down).Fed Chairman Bernanke begins to euphemistically discuss reality on capital hill. PAPER: Condo market in DC, Vegas, Miami and Boston has collapsed... Euro displaces dollar in bond markets...Higher oil prices and fake numbers spurs rally. More fake job numbers (at best, hamburger helpers, etc.). Yahoo profit falls 61% but rallies 6% on b**l s**t alone. Jawboning by kohn of print-those-worthless-dollars fed raises market.....riiiiight! The ism services index fell, but that was down from an unexpectedly and fake strong read a month earlier, manufacturing index up slightly to 51.4 (they must be counting hamburgers as manufactured goods in u.s......riiiiight!) but fed knows they�ve been printing worthless dollars like mad which of course is hyperinflationary and will come home to roost, along with huge debt/deficits, trade and budget, Stores Report Disappointing Dec. Sales, Gap Woes Deepen in Bleak Holiday Season. Ford and GM auto sales down 13%. More reports in defiance of reality, oil prices up, Dollar Slides...,every intelligent analyst/economist knows that the new home sales number from the government is a total lie that will be revised downward later, that the options scandals are pervasive in fraudulent america (100 investigations just tip of the iceberg), oil stocks continue to rally on lower oil prices, as previously on pipeline explosion in Nigeria, spill in Gulf, and sanctions for Iran, and sharp FALL in oil prices.....riiiiight!.....predictions of disappointing retail sales even with fire-sale discounted prices,..... Highest increase (2%) in 30 years for the wholesale price index, and as well, the core ppi (1.3%), GDP growth less than expected at 2%, dollar sharply lower, oil prices up, building permits down, all unexpectedly bad but great news in the fraudulent alice-in-wonderland lunatic world of wall street. New Record Quarterly Trade Deficit initially spurred lunatic market rally along with obfuscating but very commissionable merger activity. Core inflation a very unexpected unchanged .....riiiiight!.....spurs superstitious, devoid of reality, santa rally.� Investment Banks Post Record 2006 Profit .....daaaaah! Churning and earning on worthless paper, where is that commission dollar coming from even as america has ceded solvency/leadership in every economic measure. Even at the lofty record numbers the indices are worth roughly half their value based on precipitous fall of the dollar in only 5 years with further downside to go. Superstitious �Santa Claus rally�.....riiiiight! High oil price rally.....riiiiight!� Total� bulls**t ! Retail sales up a very unexpected 1%, riiiiight, at the same time inventories of such goods rising substantially (do you think they�re booking sales to �straw men/companies�.....I do!) and oil inventories down. Fake employment numbers (from the government.....riiiiight!) the impetus for previous b.s. rally despite falling sentiment and uptick in unemployment. The ism services index (financed by unsustainable deficit/debt spending and pushing/commissioning worthless paper) and jawboning/bulls**t from the housing industry (the end is near.....riiiiight!), obfuscating mergers continued to cloud the picture, closely-watched core-PCE deflator had risen a more than expected 0.2%, second sub-50 reading on manufacturing activity in as many sessions-the November ISM index unexpectedly fell to 49.5 (consensus 52.0), Chicago PMI fell to its lowest level (49.9%) in October, and below the 50 level, indicating contraction, crude prices up� (OIL PRICES RISE ABOVE $63 A BARREL...), DOLLAR RESUMES SLIDE, Fed Chairman Bernanke & Co. cheerleading/jawboning/bulls**t, 3.2% decline in new home sales, oil inventories down and oil prices up, oil producers shun the dollar, Russia and Opec shift revenues into euros, yen and sterling..., all very bad news anywhere but in the fraudulent alice-in-wonderland world of wall street. Durable goods orders fell sharply, sentiment down, but supposedly used home sales rose slightly (riiiiight.....who says; the realtors/government who have been talking up this bubble market?) albeit at sharply lower prices. DOLLAR PLUNGES TO NEAR 15-YEAR LOW� In other words, no good news to justify the ridiculous up move by the alice-in-wonderland frauds of wall street. Worthless dollar, triple deficits, stock/options scandals/corruption, as some speculate that fed is behind purchases/manipulation (through proxy) of worthless american paper now being shunned by more rational market players abroad.� MARKETS ROCKED BY LONG OVERDUE BUT STILL MODEST RELATIVE TO REALITY SHARP SLIDE IN DOLLAR...There has never been a time since 1929 when stock prices and p/e ratios were so irrationally high for this point in a bull cycle in this indisputable secular bear market, particularly with the existing unprecedented structural economic problems, ie., trade and budget deficits, worthless dollar, scandals, fraud, corruption , etc.. In fact, unemployment unexpectedly rose substantially and consumer sentiment unexpectedly but similarly realistically fell, both very negative exept in the� fraudulent alice-in-wonderland world of wall street. Indeed, the housing bubble bursting with ie., unexpected 14% decline in starts/permits, etc., led to rally in the fraudulent alice-in-wonderland world of wall street. Obfuscating mergers help preclude detection of this massive and pervasive fraud which defies analysis owing to these mergers. New talking pointing: dell numbers exceed expectations depending upon ongoing government scrutiny of their accounting practices.....riiiiight! More contrived manipulated markets and data well as that previous unexpected rise in that global hub of manufacturing activity, New York (worthless paper is their real product, etc.) �..riiiiight!�.. underpins fraudulent up move. Reassuring Fed speak, also known as b**l s**t, along with IPO�s (get the suckers in at the highs as in late 90�s market bubble), and shrugging off pervasive stock/options fraud as at, ie., KB Homes, etc., leave stocks ridiculously higher. Nations leaving the worthless dollar in droves for currencies backed by value and for precious metals. Based on the self-interested statement of typical fraud american and fed rep, we hear once again the wishful thought that housing has bottomed.....right! [Reality/Truth: US housing slump deepens, spreads]. Home depot rallies despite lower than expected results and lower guidance for the year.....right! Who is stupid enough to believe anything the fraudulent criminal americans say. They are printing worthless dollars like mad. Consumer sentiment actually previously fell and there was nothing but wall street lunacy to prop the fraudulent market. The republicans who lockstepped with war criminal dumbya bush deserved to lose. The frauds on wall street now looking for the new corporate welfare program for which to sell the sizzle ie., stem cells, etc.. The know-nothing pundits are now saying the up move without any rational basis is predicated upon the the falsity that gridlock in washington is welcomed and good because no regulation of, ie., fraud on wall street, etc., can be passed. How about a tax on stock trades to come directly from the traders' (traitors/frauds) bottom lines and provide a disincentive for the churn-and-earn fraud which is tantamount to a wasteful tax on the economy. Even token Christian paulison from jew fraud wall street couldn't stem the tide against the blatent zionist/neocon/bush co failure accross the board as the wall street frauds show record profits financed, albeit indirectly, by huge deficits, both trade and budget. Obfuscating mergers blur the picture to provide cover for up move talking points in defiance of reality.� Stagflation and full employment revisions pre-election.....riiiiight. Productivity comes in at a less than expected 0 (inflationary). The only surprise should have been that the number wasn't negative. The pundits are now saying that the market/wall street fraud is in a state of denial regarding economic fundamentals and that the market is substantially overbought, overvalued, overfrauded, over, etc., the manufacturing index coming in lower than expectations. Consumer sentiment unexpectedly fell.....daaaaah. Pre-election core inflation rate report good �..riiiiight�..but savings rate still negative and walmart sales/profits/outlook substantially below expectations but what the heck, they�re wallstreet lunatics/frauds and reality is no problem. Despite pre-election deficit spending, GNP comes in a less than expected paltry 1.6% increase with worthless falling dollar the catch-22 precluding reality avoidance and the worst yet to come. More nations leaving the worthless dollar as reserve currency even as frauds on wall street reach new highs (What are they smoking? Coking? or like the dollar just cracking) based on corporate welfare flows with money the nation doesn't have pre-election (record deficits). Housing prices continue their sharp decline as bubble deflates. GM only lost 115 million. Ford lost 5.8 billion and must restate earnings back to year 2000 is a bullish sign in the fraudulent alice-in-wonderland lunatic world of wall street. Typical pre-fed meeting rally to provide a cushion for any negative pronouncements which reality would require but are seldom forthcoming by the accommodative frauds who have similarly embraced unreality. Indeed, the gutless wimps of wall street think they're "tough" when they fraudulently take the market higher despite a clearly contrary fact based reality. Caterpillar relates the pervasive reality and the frauds on wallstreet intimidate same with sell off, ignoring pervasive options scandal/fraud and rallies Merck despite lower than expectation results.....riiiiight! Election year corporate welfare to prime the pump and the mock stock market with money the nation doesn�t have (increasing already huge deficits). CPI figures (upon which government inflation adjusted payment obligations are based) lower than expected�..riiiiight! Intel earnings/revenues down sharply but according to the lunatic frauds on wall street, beat expectations and stock rallies along with yahoo which as in the pre-dot com bust days says better days are a coming�.. riiiiight Core inflation rate which is closely watched by the Fed exceeds all expectations. Fraud Merrill Lynch has really been pushing and commissioning that worthless paper and reports record earnings, despite having produced nothing and for very little if any value added (that ill-gotten money has to come from somewhere-your pockets?). The big economic report awaiting scrutiny was the monthly trade deficit which was expected to narrow but in fact INCREASED to 69.9 billion. The alice-in-wonderland lunatic wall street frauds rallied on the news as the dollar precipitously fell. The Fed Chairman said there is a "substantial correction" in housing, which will probably shave about 1% off growth in the second half of the year. The Institute of Supply Management said its services index fell to 52.9 in September -- the lowest level since April 2003. Great News�.. riiiiight!..... Consumer Confidence Higher Than Expected... riiiiight!..... and housing starts were down sharply but not-as-bad-as-expectations game in play US Existing Home Sales Fall 0.5% in August; Sales Price Drops Existing-home prices fall for 1st time in 11 years along with fed jaw-boning pre-election that inflation has been licked .....riiiiight �..despite printing worthless dollars like they�re going out of style because they really are! Fed did nothing and stocks rallied, pre-election.....riiiiight! What about the reality of u.s. debt service at a record unsustainable $2 billion per day on a revolving $2 trillion charge account with ie., China, etc.. The fact that foreclosures are up and that there is projected new trade deficit record, fake government inflation numbers for election year purposes, housing starts down 6% means little to the alice-in-wonderland lunatic frauds of wall street and the so-called pundits including yahoo below. Almost all computerized volume is and must be considered heavy, manipulated, economically wasteful volume [stocks move contrary to rational analytical facts (ie., exceeded lowered expectations, things so bad interest rates can�t rise, exceeded expectations, no earnings but outlook extraordinary, the fed says booo as they print more worthless dollars to finance deficits, etc. ) is money in the bank for the frauds on wall street when they unwind said irrational positions ]. Philadelphia Federal Reserve announces that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, leading economic indicators fall .2%, and previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows with b**l s**t from Yahoo (which didn�t even reference the record unanticipated trade gap):

There is nothing to rationally justify the previous up move or mixed results in the market other than what is tantamount to a negative, and based upon spurious data from the government; ie., fake government numbers said total PPI rose a smaller than expected 0.1% (consensus 0.4%) in July, which was well below the 0.5% jump in June, while the more closely watched core rate (ex-food and energy) unexpectedly (RIIIIIGHT!) fell 0.3% (consensus +0.2%) -- the first decline since October and the largest drop since a 0.5% decline in April 2003. Home Sales Decline in 28 States, D.C.. Real estate prices down/stagnant. But housing stocks�..up.....riiiiight!.....in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down.� Martin Crutsinger, AP Economics Writer, previously wrote,� U.S. Trade Deficit Falls 0.3 Percent in June to $64.8B, Offsetting Jump in Chinese Imports. Dell Recall Stems From sony Production Flaw� WASHINGTON (AP) -- America's trade deficit showed a slight improvement as strong global growth pushed U.S. exports to a record level. That helped offset a surge in Chinese imports and record crude oil prices. The deficit declined 0.3 percent in June, compared with May, dropping to $64.8 billion, still the fifth largest imbalance on record, the Commerce Department reported Thursday. The deficit is running at an annual rate of $768 billion through the first six months of this year, putting the country on track to see a fifth straight record imbalance. Last year's deficit was $716.7 billion. Prior considerations remain apposite in this clearly overvalued market. The frauds on wall street feel compelled to continue their tradition/superstition/fraud tactic of buying on the rumor and selling on the news (fact) of the Fed�s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money.� Yahoo previously commented: Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance....., to which I responded, Wild..... I�ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported and will now join gm in worker buyouts; but both GM and Ford will now offer built-in ipods which should substantially help their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Analyst says GM good news now behind it (past/discounted), yet stock still rose upon said analysis �..riiiiight�.. daaaaah! Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal, maybe even suspension, that has cast a harsh light on Silicon Valley's compensation practices. Don�t forget that GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland lunatic world of wall street is of course good news. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid (approx.) 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it�s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very commissionable (investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $60; yes, as in the last crash, they will get fooled again� as stocks up sharply in the fraudulent alice-in-wonderland lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the pundits/analysts are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley (who also says that in Europe bush�s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the �better than expectations� game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. Spotlight on the Stock Option Scandal-The share prices of companies involved in stock options backdating have held up well compared to the broader market. But shareholders might be in for a rougher ride. Plus, why the Nasdaq has its hands full. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived pearl harbor effect)/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/ and the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what�s up is down and what�s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they�ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin� to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don�t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)

"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006

WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):

The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

(2-20-07) The lunatic frauds on wall street (what a joke wall street is!) are maniacal as lunatics suckers �bear market/higher oil prices/fake economic report/fed speak (based upon b**l s**t/fake reports even assuming fake growth rate though false, the decline of the fiat currency, the worthless dollar would negate same in real terms) (b.s. contrary to bernanke testimony before congress owing to previous implicit threat of prosecution for false statements)� rally into the close fueled by b**l s**t alone to end ridiculously higher to suck the suckers in; ie., as the Dow Jones industrial average up 19.07, S&P up 4.14, and NASDAQ up 16.73, all very commissionable on heavy volume, as in final pre-election result push for bush, which fell very short but has provided the same pump-priming of the market as most recently seen in 1999 which ended quite badly even without the exacerbating effects of huge unsustainable and debilitating debt/deficits deferring/delaying/prolonging the inevitable reality even as entire domestic u.s. industries are rendered what is tantamount to defunct and with corporate welfare unwisely spent (war crimes, etc.). Housing starts down sharply, as investors, domestic and international, dramatically slow purchase of fiat currency/worthless us/dollar denominated stocks and bonds. Record real estate price slump; industrial production/utilization down. Record home price slump. Retail numbers at best (I don�t believe them for a second) just flat; massive layoffs at Chrysler; more government borrowing to paint false facade. Trade deficit up sharply and new record for all of 2006 - $763 billion (the market last rallied with previous month�s improvement, and rallies with worsening, everything else was typical wall street b**l s**t meaning and based on nothing, ie., m&a, upgrade, etc.). Default rates up again. HSBC Holdings, the world's third largest bank, warned that provisions for bad debt will be some 20% higher than previously thought. SEC launch of insider trading (pervasive on fraudulent wall street) probe just tip of the iceberg. Negative savings rate (highest since great depression), factory output down, home inventories highest since last crash, defaults up, gm and ford sales down 17% and 19%, deficits trade/budget, dollar down and going lower, january jobs data weaker than the consensus estimate and below the average gain of 153,000 per month for all of 2006 and viewed as bearish......but no problemo if you�re a lunatic fraud on wall street. Fake economic growth report from the administration. Mergers and acquisitions continue to cloud the picture facilitating the fraud. Having beat fraudulent alice-in-wonderland lunatic world of wall street expectations with Record Loss of $12.7 Billion, the rally in Ford�s stock continues..... riiiiight! Fake numbers also a plus. Ford Posts Record Loss of $12.7 Billion.....stock rallies on the news.....riiiiight! P/E ratios far beyond the mean particularly for this stage in the cycle for selected securities (ie., 80+, etc.). Higher oil prices and fake indicators report spark rally.....riiiiight! Report on leading economic indicators is delayed (very unusual unless you understand the greater complexity in fudging same.....not to worry, fans of frauds on wall street.....the lunatic frauds will also get their churn-and-earn commission dollars on the way down).Fed Chairman Bernanke begins to euphemistically discuss reality on capital hill. PAPER: Condo market in DC, Vegas, Miami and Boston has collapsed... Euro displaces dollar in bond markets...Higher oil prices and fake numbers spurs rally. More fake job numbers (at best, hamburger helpers, etc.). Yahoo profit falls 61% but rallies 6% on b**l s**t alone. Jawboning by kohn of print-those-worthless-dollars fed raises market.....riiiiight! The ism services index fell, but that was down from an unexpectedly and fake strong read a month earlier, manufacturing index up slightly to 51.4 (they must be counting hamburgers as manufactured goods in u.s......riiiiight!) but fed knows they�ve been printing worthless dollars like mad which of course is hyperinflationary and will come home to roost, along with huge debt/deficits, trade and budget, Stores Report Disappointing Dec. Sales, Gap Woes Deepen in Bleak Holiday Season. Ford and GM auto sales down 13%. More reports in defiance of reality, oil prices up, Dollar Slides...,every intelligent analyst/economist knows that the new home sales number from the government is a total lie that will be revised downward later, that the options scandals are pervasive in fraudulent america (100 investigations just tip of the iceberg), oil stocks continue to rally on lower oil prices, as previously on pipeline explosion in Nigeria, spill in Gulf, and sanctions for Iran, and sharp FALL in oil prices.....riiiiight!.....predictions of disappointing retail sales even with fire-sale discounted prices,..... Highest increase (2%) in 30 years for the wholesale price index, and as well, the core ppi (1.3%), GDP growth less than expected at 2%, dollar sharply lower, oil prices up, building permits down, all unexpectedly bad but great news in the fraudulent alice-in-wonderland lunatic world of wall street. New Record Quarterly Trade Deficit initially spurred lunatic market rally along with obfuscating but very commissionable merger activity. Core inflation a very unexpected unchanged .....riiiiight!.....spurs superstitious, devoid of reality, santa rally.� Investment Banks Post Record 2006 Profit .....daaaaah! Churning and earning on worthless paper, where is that commission dollar coming from even as america has ceded solvency/leadership in every economic measure. Even at the lofty record numbers the indices are worth roughly half their value based on precipitous fall of the dollar in only 5 years with further downside to go. Superstitious �Santa Claus rally�.....riiiiight! High oil price rally.....riiiiight!� Total� bulls**t ! Retail sales up a very unexpected 1%, riiiiight, at the same time inventories of such goods rising substantially (do you think they�re booking sales to �straw men/companies�.....I do!) and oil inventories down. Fake employment numbers (from the government.....riiiiight!) the impetus for previous b.s. rally despite falling sentiment and uptick in unemployment. The ism services index (financed by unsustainable deficit/debt spending and pushing/commissioning worthless paper) and jawboning/bulls**t from the housing industry (the end is near.....riiiiight!), obfuscating mergers continued to cloud the picture, closely-watched core-PCE deflator had risen a more than expected 0.2%, second sub-50 reading on manufacturing activity in as many sessions-the November ISM index unexpectedly fell to 49.5 (consensus 52.0), Chicago PMI fell to its lowest level (49.9%) in October, and below the 50 level, indicating contraction, crude prices up� (OIL PRICES RISE ABOVE $63 A BARREL...), DOLLAR RESUMES SLIDE, Fed Chairman Bernanke & Co. cheerleading/jawboning/bulls**t, 3.2% decline in new home sales, oil inventories down and oil prices up, oil producers shun the dollar, Russia and Opec shift revenues into euros, yen and sterling..., all very bad news anywhere but in the fraudulent alice-in-wonderland world of wall street. Durable goods orders fell sharply, sentiment down, but supposedly used home sales rose slightly (riiiiight.....who says; the realtors/government who have been talking up this bubble market?) albeit at sharply lower prices. DOLLAR PLUNGES TO NEAR 15-YEAR LOW� In other words, no good news to justify the ridiculous up move by the alice-in-wonderland frauds of wall street. Worthless dollar, triple deficits, stock/options scandals/corruption, as some speculate that fed is behind purchases/manipulation (through proxy) of worthless american paper now being shunned by more rational market players abroad.� MARKETS ROCKED BY LONG OVERDUE BUT STILL MODEST RELATIVE TO REALITY SHARP SLIDE IN DOLLAR...There has never been a time since 1929 when stock prices and p/e ratios were so irrationally high for this point in a bull cycle in this indisputable secular bear market, particularly with the existing unprecedented structural economic problems, ie., trade and budget deficits, worthless dollar, scandals, fraud, corruption , etc.. In fact, unemployment unexpectedly rose substantially and consumer sentiment unexpectedly but similarly realistically fell, both very negative exept in the� fraudulent alice-in-wonderland world of wall street. Indeed, the housing bubble bursting with ie., unexpected 14% decline in starts/permits, etc., led to rally in the fraudulent alice-in-wonderland world of wall street. Obfuscating mergers help preclude detection of this massive and pervasive fraud which defies analysis owing to these mergers. New talking pointing: dell numbers exceed expectations depending upon ongoing government scrutiny of their accounting practices.....riiiiight! More contrived manipulated markets and data well as that previous unexpected rise in that global hub of manufacturing activity, New York (worthless paper is their real product, etc.) �..riiiiight!�.. underpins fraudulent up move. Reassuring Fed speak, also known as b**l s**t, along with IPO�s (get the suckers in at the highs as in late 90�s market bubble), and shrugging off pervasive stock/options fraud as at, ie., KB Homes, etc., leave stocks ridiculously higher. Nations leaving the worthless dollar in droves for currencies backed by value and for precious metals. Based on the self-interested statement of typical fraud american and fed rep, we hear once again the wishful thought that housing has bottomed.....right! [Reality/Truth: US housing slump deepens, spreads]. Home depot rallies despite lower than expected results and lower guidance for the year.....right! Who is stupid enough to believe anything the fraudulent criminal americans say. They are printing worthless dollars like mad. Consumer sentiment actually previously fell and there was nothing but wall street lunacy to prop the fraudulent market. The republicans who lockstepped with war criminal dumbya bush deserved to lose. The frauds on wall street now looking for the new corporate welfare program for which to sell the sizzle ie., stem cells, etc.. The know-nothing pundits are now saying the up move without any rational basis is predicated upon the the falsity that gridlock in washington is welcomed and good because no regulation of, ie., fraud on wall street, etc., can be passed. How about a tax on stock trades to come directly from the traders' (traitors/frauds) bottom lines and provide a disincentive for the churn-and-earn fraud which is tantamount to a wasteful tax on the economy. Even token Christian paulison from jew fraud wall street couldn't stem the tide against the blatent zionist/neocon/bush co failure accross the board as the wall street frauds show record profits financed, albeit indirectly, by huge deficits, both trade and budget. Obfuscating mergers blur the picture to provide cover for up move talking points in defiance of reality.� Stagflation and full employment revisions pre-election.....riiiiight. Productivity comes in at a less than expected 0 (inflationary). The only surprise should have been that the number wasn't negative. The pundits are now saying that the market/wall street fraud is in a state of denial regarding economic fundamentals and that the market is substantially overbought, overvalued, overfrauded, over, etc., the manufacturing index coming in lower than expectations. Consumer sentiment unexpectedly fell.....daaaaah. Pre-election core inflation rate report good �..riiiiight�..but savings rate still negative and walmart sales/profits/outlook substantially below expectations but what the heck, they�re wallstreet lunatics/frauds and reality is no problem. Despite pre-election deficit spending, GNP comes in a less than expected paltry 1.6% increase with worthless falling dollar the catch-22 precluding reality avoidance and the worst yet to come. More nations leaving the worthless dollar as reserve currency even as frauds on wall street reach new highs (What are they smoking? Coking? or like the dollar just cracking) based on corporate welfare flows with money the nation doesn't have pre-election (record deficits). Housing prices continue their sharp decline as bubble deflates. GM only lost 115 million. Ford lost 5.8 billion and must restate earnings back to year 2000 is a bullish sign in the fraudulent alice-in-wonderland lunatic world of wall street. Typical pre-fed meeting rally to provide a cushion for any negative pronouncements which reality would require but are seldom forthcoming by the accommodative frauds who have similarly embraced unreality. Indeed, the gutless wimps of wall street think they're "tough" when they fraudulently take the market higher despite a clearly contrary fact based reality. Caterpillar relates the pervasive reality and the frauds on wallstreet intimidate same with sell off, ignoring pervasive options scandal/fraud and rallies Merck despite lower than expectation results.....riiiiight! Election year corporate welfare to prime the pump and the mock stock market with money the nation doesn�t have (increasing already huge deficits). CPI figures (upon which government inflation adjusted payment obligations are based) lower than expected�..riiiiight! Intel earnings/revenues down sharply but according to the lunatic frauds on wall street, beat expectations and stock rallies along with yahoo which as in the pre-dot com bust days says better days are a coming�.. riiiiight Core inflation rate which is closely watched by the Fed exceeds all expectations. Fraud Merrill Lynch has really been pushing and commissioning that worthless paper and reports record earnings, despite having produced nothing and for very little if any value added (that ill-gotten money has to come from somewhere-your pockets?). The big economic report awaiting scrutiny was the monthly trade deficit which was expected to narrow but in fact INCREASED to 69.9 billion. The alice-in-wonderland lunatic wall street frauds rallied on the news as the dollar precipitously fell. The Fed Chairman said there is a "substantial correction" in housing, which will probably shave about 1% off growth in the second half of the year. The Institute of Supply Management said its services index fell to 52.9 in September -- the lowest level since April 2003. Great News�.. riiiiight!..... Consumer Confidence Higher Than Expected... riiiiight!..... and housing starts were down sharply but not-as-bad-as-expectations game in play US Existing Home Sales Fall 0.5% in August; Sales Price Drops Existing-home prices fall for 1st time in 11 years along with fed jaw-boning pre-election that inflation has been licked .....riiiiight �..despite printing worthless dollars like they�re going out of style because they really are! Fed did nothing and stocks rallied, pre-election.....riiiiight! What about the reality of u.s. debt service at a record unsustainable $2 billion per day on a revolving $2 trillion charge account with ie., China, etc.. The fact that foreclosures are up and that there is projected new trade deficit record, fake government inflation numbers for election year purposes, housing starts down 6% means little to the alice-in-wonderland lunatic frauds of wall street and the so-called pundits including yahoo below. Almost all computerized volume is and must be considered heavy, manipulated, economically wasteful volume [stocks move contrary to rational analytical facts (ie., exceeded lowered expectations, things so bad interest rates can�t rise, exceeded expectations, no earnings but outlook extraordinary, the fed says booo as they print more worthless dollars to finance deficits, etc. ) is money in the bank for the frauds on wall street when they unwind said irrational positions ]. Philadelphia Federal Reserve announces that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, leading economic indicators fall .2%, and previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows with b**l s**t from Yahoo (which didn�t even reference the record unanticipated trade gap):

There is nothing to rationally justify the previous up move or mixed results in the market other than what is tantamount to a negative, and based upon spurious data from the government; ie., fake government numbers said total PPI rose a smaller than expected 0.1% (consensus 0.4%) in July, which was well below the 0.5% jump in June, while the more closely watched core rate (ex-food and energy) unexpectedly (RIIIIIGHT!) fell 0.3% (consensus +0.2%) -- the first decline since October and the largest drop since a 0.5% decline in April 2003. Home Sales Decline in 28 States, D.C.. Real estate prices down/stagnant. But housing stocks�..up.....riiiiight!.....in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down.� Martin Crutsinger, AP Economics Writer, previously wrote,� U.S. Trade Deficit Falls 0.3 Percent in June to $64.8B, Offsetting Jump in Chinese Imports. Dell Recall Stems From sony Production Flaw� WASHINGTON (AP) -- America's trade deficit showed a slight improvement as strong global growth pushed U.S. exports to a record level. That helped offset a surge in Chinese imports and record crude oil prices. The deficit declined 0.3 percent in June, compared with May, dropping to $64.8 billion, still the fifth largest imbalance on record, the Commerce Department reported Thursday. The deficit is running at an annual rate of $768 billion through the first six months of this year, putting the country on track to see a fifth straight record imbalance. Last year's deficit was $716.7 billion. Prior considerations remain apposite in this clearly overvalued market. The frauds on wall street feel compelled to continue their tradition/superstition/fraud tactic of buying on the rumor and selling on the news (fact) of the Fed�s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money.� Yahoo previously commented: Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance....., to which I responded, Wild..... I�ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported and will now join gm in worker buyouts; but both GM and Ford will now offer built-in ipods which should substantially help their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Analyst says GM good news now behind it (past/discounted), yet stock still rose upon said analysis �..riiiiight�.. daaaaah! Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal, maybe even suspension, that has cast a harsh light on Silicon Valley's compensation practices. Don�t forget that GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland lunatic world of wall street is of course good news. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid (approx.) 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it�s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very commissionable (investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $58; yes, as in the last crash, they will get fooled again� as stocks up sharply in the fraudulent alice-in-wonderland lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the pundits/analysts are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley (who also says that in Europe bush�s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the �better than expectations� game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. Spotlight on the Stock Option Scandal-The share prices of companies involved in stock options backdating have held up well compared to the broader market. But shareholders might be in for a rougher ride. Plus, why the Nasdaq has its hands full. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived pearl harbor effect)/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/ and the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what�s up is down and what�s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they�ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin� to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don�t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)

"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006

WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):

The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

(2-16-07) The lunatic frauds on wall street (what a joke wall street is!) are maniacal as lunatics suckers �bear market/higher oil prices/fake economic report/fed speak (based upon b**l s**t/fake reports even assuming fake growth rate though false, the decline of the fiat currency, the worthless dollar would negate same in real terms) (b.s. contrary to bernanke testimony before congress owing to previous implicit threat of prosecution for false statements)� rally into the close fueled by b**l s**t alone to end ridiculously mixed to suck the suckers in; ie., as the Dow Jones industrial average up 2.56, S&P down 1.27, and NASDAQ down .79, all very commissionable on heavy volume, as in final pre-election result push for bush, which fell very short but has provided the same pump-priming of the market as most recently seen in 1999 which ended quite badly even without the exacerbating effects of huge unsustainable and debilitating debt/deficits deferring/delaying/prolonging the inevitable reality even as entire domestic u.s. industries are rendered what is tantamount to defunct and with corporate welfare unwisely spent (war crimes, etc.). Housing starts down sharply, as investors, domestic and international, dramatically slow purchase of fiat currency/worthless us/dollar denominated stocks and bonds. Record real estate price slump; industrial production/utilization down.� Retail numbers at best (I don�t believe them for a second) just flat; massive layoffs at Chrysler; more government borrowing to paint false facade. Trade deficit up sharply and new record for all of 2006 - $763 billion (the market last rallied with previous month�s improvement, and rallies with worsening, everything else was typical wall street b**l s**t meaning and based on nothing, ie., m&a, upgrade, etc.). Default rates up again. HSBC Holdings, the world's third largest bank, warned that provisions for bad debt will be some 20% higher than previously thought. SEC launch of insider trading (pervasive on fraudulent wall street) probe just tip of the iceberg. Negative savings rate (highest since great depression), factory output down, home inventories highest since last crash, defaults up, gm and ford sales down 17% and 19%, deficits trade/budget, dollar down and going lower, january jobs data weaker than the consensus estimate and below the average gain of 153,000 per month for all of 2006 and viewed as bearish......but no problemo if you�re a lunatic fraud on wall street. Fake economic growth report from the administration. Mergers and acquisitions continue to cloud the picture facilitating the fraud. Having beat fraudulent alice-in-wonderland lunatic world of wall street expectations with Record Loss of $12.7 Billion, the rally in Ford�s stock continues..... riiiiight! Fake numbers also a plus. Ford Posts Record Loss of $12.7 Billion.....stock rallies on the news.....riiiiight! P/E ratios far beyond the mean particularly for this stage in the cycle for selected securities (ie., 80+, etc.). Higher oil prices and fake indicators report spark rally.....riiiiight! Report on leading economic indicators is delayed (very unusual unless you understand the greater complexity in fudging same.....not to worry, fans of frauds on wall street.....the lunatic frauds will also get their churn-and-earn commission dollars on the way down).Fed Chairman Bernanke begins to euphemistically discuss reality on capital hill. PAPER: Condo market in DC, Vegas, Miami and Boston has collapsed... Euro displaces dollar in bond markets...Higher oil prices and fake numbers spurs rally. More fake job numbers (at best, hamburger helpers, etc.). Yahoo profit falls 61% but rallies 6% on b**l s**t alone. Jawboning by kohn of print-those-worthless-dollars fed raises market.....riiiiight! The ism services index fell, but that was down from an unexpectedly and fake strong read a month earlier, manufacturing index up slightly to 51.4 (they must be counting hamburgers as manufactured goods in u.s......riiiiight!) but fed knows they�ve been printing worthless dollars like mad which of course is hyperinflationary and will come home to roost, along with huge debt/deficits, trade and budget, Stores Report Disappointing Dec. Sales, Gap Woes Deepen in Bleak Holiday Season. Ford and GM auto sales down 13%. More reports in defiance of reality, oil prices up, Dollar Slides...,every intelligent analyst/economist knows that the new home sales number from the government is a total lie that will be revised downward later, that the options scandals are pervasive in fraudulent america (100 investigations just tip of the iceberg), oil stocks continue to rally on lower oil prices, as previously on pipeline explosion in Nigeria, spill in Gulf, and sanctions for Iran, and sharp FALL in oil prices.....riiiiight!.....predictions of disappointing retail sales even with fire-sale discounted prices,..... Highest increase (2%) in 30 years for the wholesale price index, and as well, the core ppi (1.3%), GDP growth less than expected at 2%, dollar sharply lower, oil prices up, building permits down, all unexpectedly bad but great news in the fraudulent alice-in-wonderland lunatic world of wall street. New Record Quarterly Trade Deficit initially spurred lunatic market rally along with obfuscating but very commissionable merger activity. Core inflation a very unexpected unchanged .....riiiiight!.....spurs superstitious, devoid of reality, santa rally.� Investment Banks Post Record 2006 Profit .....daaaaah! Churning and earning on worthless paper, where is that commission dollar coming from even as america has ceded solvency/leadership in every economic measure. Even at the lofty record numbers the indices are worth roughly half their value based on precipitous fall of the dollar in only 5 years with further downside to go. Superstitious �Santa Claus rally�.....riiiiight! High oil price rally.....riiiiight!� Total� bulls**t ! Retail sales up a very unexpected 1%, riiiiight, at the same time inventories of such goods rising substantially (do you think they�re booking sales to �straw men/companies�.....I do!) and oil inventories down. Fake employment numbers (from the government.....riiiiight!) the impetus for previous b.s. rally despite falling sentiment and uptick in unemployment. The ism services index (financed by unsustainable deficit/debt spending and pushing/commissioning worthless paper) and jawboning/bulls**t from the housing industry (the end is near.....riiiiight!), obfuscating mergers continued to cloud the picture, closely-watched core-PCE deflator had risen a more than expected 0.2%, second sub-50 reading on manufacturing activity in as many sessions-the November ISM index unexpectedly fell to 49.5 (consensus 52.0), Chicago PMI fell to its lowest level (49.9%) in October, and below the 50 level, indicating contraction, crude prices up� (OIL PRICES RISE ABOVE $63 A BARREL...), DOLLAR RESUMES SLIDE, Fed Chairman Bernanke & Co. cheerleading/jawboning/bulls**t, 3.2% decline in new home sales, oil inventories down and oil prices up, oil producers shun the dollar, Russia and Opec shift revenues into euros, yen and sterling..., all very bad news anywhere but in the fraudulent alice-in-wonderland world of wall street. Durable goods orders fell sharply, sentiment down, but supposedly used home sales rose slightly (riiiiight.....who says; the realtors/government who have been talking up this bubble market?) albeit at sharply lower prices. DOLLAR PLUNGES TO NEAR 15-YEAR LOW� In other words, no good news to justify the ridiculous up move by the alice-in-wonderland frauds of wall street. Worthless dollar, triple deficits, stock/options scandals/corruption, as some speculate that fed is behind purchases/manipulation (through proxy) of worthless american paper now being shunned by more rational market players abroad.� MARKETS ROCKED BY LONG OVERDUE BUT STILL MODEST RELATIVE TO REALITY SHARP SLIDE IN DOLLAR...There has never been a time since 1929 when stock prices and p/e ratios were so irrationally high for this point in a bull cycle in this indisputable secular bear market, particularly with the existing unprecedented structural economic problems, ie., trade and budget deficits, worthless dollar, scandals, fraud, corruption , etc.. In fact, unemployment unexpectedly rose substantially and consumer sentiment unexpectedly but similarly realistically fell, both very negative exept in the� fraudulent alice-in-wonderland world of wall street. Indeed, the housing bubble bursting with ie., unexpected 14% decline in starts/permits, etc., led to rally in the fraudulent alice-in-wonderland world of wall street. Obfuscating mergers help preclude detection of this massive and pervasive fraud which defies analysis owing to these mergers. New talking pointing: dell numbers exceed expectations depending upon ongoing government scrutiny of their accounting practices.....riiiiight! More contrived manipulated markets and data well as that previous unexpected rise in that global hub of manufacturing activity, New York (worthless paper is their real product, etc.) �..riiiiight!�.. underpins fraudulent up move. Reassuring Fed speak, also known as b**l s**t, along with IPO�s (get the suckers in at the highs as in late 90�s market bubble), and shrugging off pervasive stock/options fraud as at, ie., KB Homes, etc., leave stocks ridiculously higher. Nations leaving the worthless dollar in droves for currencies backed by value and for precious metals. Based on the self-interested statement of typical fraud american and fed rep, we hear once again the wishful thought that housing has bottomed.....right! [Reality/Truth: US housing slump deepens, spreads]. Home depot rallies despite lower than expected results and lower guidance for the year.....right! Who is stupid enough to believe anything the fraudulent criminal americans say. They are printing worthless dollars like mad. Consumer sentiment actually previously fell and there was nothing but wall street lunacy to prop the fraudulent market. The republicans who lockstepped with war criminal dumbya bush deserved to lose. The frauds on wall street now looking for the new corporate welfare program for which to sell the sizzle ie., stem cells, etc.. The know-nothing pundits are now saying the up move without any rational basis is predicated upon the the falsity that gridlock in washington is welcomed and good because no regulation of, ie., fraud on wall street, etc., can be passed. How about a tax on stock trades to come directly from the traders' (traitors/frauds) bottom lines and provide a disincentive for the churn-and-earn fraud which is tantamount to a wasteful tax on the economy. Even token Christian paulison from jew fraud wall street couldn't stem the tide against the blatent zionist/neocon/bush co failure accross the board as the wall street frauds show record profits financed, albeit indirectly, by huge deficits, both trade and budget. Obfuscating mergers blur the picture to provide cover for up move talking points in defiance of reality.� Stagflation and full employment revisions pre-election.....riiiiight. Productivity comes in at a less than expected 0 (inflationary). The only surprise should have been that the number wasn't negative. The pundits are now saying that the market/wall street fraud is in a state of denial regarding economic fundamentals and that the market is substantially overbought, overvalued, overfrauded, over, etc., the manufacturing index coming in lower than expectations. Consumer sentiment unexpectedly fell.....daaaaah. Pre-election core inflation rate report good �..riiiiight�..but savings rate still negative and walmart sales/profits/outlook substantially below expectations but what the heck, they�re wallstreet lunatics/frauds and reality is no problem. Despite pre-election deficit spending, GNP comes in a less than expected paltry 1.6% increase with worthless falling dollar the catch-22 precluding reality avoidance and the worst yet to come. More nations leaving the worthless dollar as reserve currency even as frauds on wall street reach new highs (What are they smoking? Coking? or like the dollar just cracking) based on corporate welfare flows with money the nation doesn't have pre-election (record deficits). Housing prices continue their sharp decline as bubble deflates. GM only lost 115 million. Ford lost 5.8 billion and must restate earnings back to year 2000 is a bullish sign in the fraudulent alice-in-wonderland lunatic world of wall street. Typical pre-fed meeting rally to provide a cushion for any negative pronouncements which reality would require but are seldom forthcoming by the accommodative frauds who have similarly embraced unreality. Indeed, the gutless wimps of wall street think they're "tough" when they fraudulently take the market higher despite a clearly contrary fact based reality. Caterpillar relates the pervasive reality and the frauds on wallstreet intimidate same with sell off, ignoring pervasive options scandal/fraud and rallies Merck despite lower than expectation results.....riiiiight! Election year corporate welfare to prime the pump and the mock stock market with money the nation doesn�t have (increasing already huge deficits). CPI figures (upon which government inflation adjusted payment obligations are based) lower than expected�..riiiiight! Intel earnings/revenues down sharply but according to the lunatic frauds on wall street, beat expectations and stock rallies along with yahoo which as in the pre-dot com bust days says better days are a coming�.. riiiiight Core inflation rate which is closely watched by the Fed exceeds all expectations. Fraud Merrill Lynch has really been pushing and commissioning that worthless paper and reports record earnings, despite having produced nothing and for very little if any value added (that ill-gotten money has to come from somewhere-your pockets?). The big economic report awaiting scrutiny was the monthly trade deficit which was expected to narrow but in fact INCREASED to 69.9 billion. The alice-in-wonderland lunatic wall street frauds rallied on the news as the dollar precipitously fell. The Fed Chairman said there is a "substantial correction" in housing, which will probably shave about 1% off growth in the second half of the year. The Institute of Supply Management said its services index fell to 52.9 in September -- the lowest level since April 2003. Great News�.. riiiiight!..... Consumer Confidence Higher Than Expected... riiiiight!..... and housing starts were down sharply but not-as-bad-as-expectations game in play US Existing Home Sales Fall 0.5% in August; Sales Price Drops Existing-home prices fall for 1st time in 11 years along with fed jaw-boning pre-election that inflation has been licked .....riiiiight �..despite printing worthless dollars like they�re going out of style because they really are! Fed did nothing and stocks rallied, pre-election.....riiiiight! What about the reality of u.s. debt service at a record unsustainable $2 billion per day on a revolving $2 trillion charge account with ie., China, etc.. The fact that foreclosures are up and that there is projected new trade deficit record, fake government inflation numbers for election year purposes, housing starts down 6% means little to the alice-in-wonderland lunatic frauds of wall street and the so-called pundits including yahoo below. Almost all computerized volume is and must be considered heavy, manipulated, economically wasteful volume [stocks move contrary to rational analytical facts (ie., exceeded lowered expectations, things so bad interest rates can�t rise, exceeded expectations, no earnings but outlook extraordinary, the fed says booo as they print more worthless dollars to finance deficits, etc. ) is money in the bank for the frauds on wall street when they unwind said irrational positions ]. Philadelphia Federal Reserve announces that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, leading economic indicators fall .2%, and previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows with b**l s**t from Yahoo (which didn�t even reference the record unanticipated trade gap):

There is nothing to rationally justify the previous up move or mixed results in the market other than what is tantamount to a negative, and based upon spurious data from the government; ie., fake government numbers said total PPI rose a smaller than expected 0.1% (consensus 0.4%) in July, which was well below the 0.5% jump in June, while the more closely watched core rate (ex-food and energy) unexpectedly (RIIIIIGHT!) fell 0.3% (consensus +0.2%) -- the first decline since October and the largest drop since a 0.5% decline in April 2003. Home Sales Decline in 28 States, D.C.. Real estate prices down/stagnant. But housing stocks�..up.....riiiiight!.....in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down.� Martin Crutsinger, AP Economics Writer, previously wrote,� U.S. Trade Deficit Falls 0.3 Percent in June to $64.8B, Offsetting Jump in Chinese Imports. Dell Recall Stems From sony Production Flaw� WASHINGTON (AP) -- America's trade deficit showed a slight improvement as strong global growth pushed U.S. exports to a record level. That helped offset a surge in Chinese imports and record crude oil prices. The deficit declined 0.3 percent in June, compared with May, dropping to $64.8 billion, still the fifth largest imbalance on record, the Commerce Department reported Thursday. The deficit is running at an annual rate of $768 billion through the first six months of this year, putting the country on track to see a fifth straight record imbalance. Last year's deficit was $716.7 billion. Prior considerations remain apposite in this clearly overvalued market. The frauds on wall street feel compelled to continue their tradition/superstition/fraud tactic of buying on the rumor and selling on the news (fact) of the Fed�s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money.� Yahoo previously commented: Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance....., to which I responded, Wild..... I�ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported and will now join gm in worker buyouts; but both GM and Ford will now offer built-in ipods which should substantially help their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Analyst says GM good news now behind it (past/discounted), yet stock still rose upon said analysis �..riiiiight�.. daaaaah! Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal, maybe even suspension, that has cast a harsh light on Silicon Valley's compensation practices. Don�t forget that GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland lunatic world of wall street is of course good news. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid (approx.) 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it�s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very commissionable (investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $59; yes, as in the last crash, they will get fooled again� as stocks up sharply in the fraudulent alice-in-wonderland lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the pundits/analysts are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley (who also says that in Europe bush�s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the �better than expectations� game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. Spotlight on the Stock Option Scandal-The share prices of companies involved in stock options backdating have held up well compared to the broader market. But shareholders might be in for a rougher ride. Plus, why the Nasdaq has its hands full. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived pearl harbor effect)/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/ and the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what�s up is down and what�s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they�ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin� to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don�t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)

"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006

WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):

The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

(2-15-07) The lunatic frauds on wall street (what a joke wall street is!) are maniacal as lunatics suckers �bear market/higher oil prices/fake economic report/fed speak (based upon b**l s**t/fake reports even assuming fake growth rate though false, the decline of the fiat currency, the worthless dollar would negate same in real terms) (b.s. contrary to bernanke testimony before congress owing to previous implicit threat of prosecution for false statements)� rally fueled by b**l s**t alone to end ridiculously higher� to suck the suckers in; ie., as the Dow Jones industrial average up 23.15, S&P up 1.51, and NASDAQ up 8.72, all very commissionable on heavy volume, as in final pre-election result push for bush, which fell very short but has provided the same pump-priming of the market as most recently seen in 1999 which ended quite badly even without the exacerbating effects of huge unsustainable and debilitating debt/deficits deferring/delaying/prolonging the inevitable reality even as entire domestic u.s. industries are rendered what is tantamount to defunct and with corporate welfare unwisely spent (war crimes, etc.). Industrial production/utilization down. Retail numbers at best (I don�t believe them for a second) just flat; massive layoffs at Chrysler; more government borrowing to paint false facade. Trade deficit up sharply and new record for all of 2006 - $763 billion (the market last rallied with previous month�s improvement, and rallies with worsening, everything else was typical wall street b**l s**t meaning and based on nothing, ie., m&a, upgrades, etc.). Default rates up again. HSBC Holdings, the world's third largest bank, warned that provisions for bad debt will be some 20% higher than previously thought. SEC launch of insider trading (pervasive on fraudulent wall street) probe just tip of the iceberg. Negative savings rate (highest since great depression), factory output down, home inventories highest since last crash, defaults up, gm and ford sales down 17% and 19%, deficits trade/budget, dollar down and going lower, january jobs data weaker than the consensus estimate and below the average gain of 153,000 per month for all of 2006 and viewed as bearish......but no problemo if you�re a lunatic fraud on wall street. Fake economic growth report from the administration. Mergers and acquisitions continue to cloud the picture facilitating the fraud. Having beat fraudulent alice-in-wonderland lunatic world of wall street expectations with Record Loss of $12.7 Billion, the rally in Ford�s stock continues..... riiiiight! Fake numbers also a plus. Ford Posts Record Loss of $12.7 Billion.....stock rallies on the news.....riiiiight! P/E ratios far beyond the mean particularly for this stage in the cycle for selected securities (ie., 80+, etc.). Higher oil prices and fake indicators report spark rally.....riiiiight! Report on leading economic indicators is delayed (very unusual unless you understand the greater complexity in fudging same.....not to worry, fans of frauds on wall street.....the lunatic frauds will also get their churn-and-earn commission dollars on the way down).Fed Chairman Bernanke begins to euphemistically discuss reality on capital hill. PAPER: Condo market in DC, Vegas, Miami and Boston has collapsed... Euro displaces dollar in bond markets...Higher oil prices and fake numbers spurs rally. More fake job numbers (at best, hamburger helpers, etc.). Yahoo profit falls 61% but rallies 6% on b**l s**t alone. Jawboning by kohn of print-those-worthless-dollars fed raises market.....riiiiight! The ism services index fell, but that was down from an unexpectedly and fake strong read a month earlier, manufacturing index up slightly to 51.4 (they must be counting hamburgers as manufactured goods in u.s......riiiiight!) but fed knows they�ve been printing worthless dollars like mad which of course is hyperinflationary and will come home to roost, along with huge debt/deficits, trade and budget, Stores Report Disappointing Dec. Sales, Gap Woes Deepen in Bleak Holiday Season. Ford and GM auto sales down 13%. More reports in defiance of reality, oil prices up, Dollar Slides...,every intelligent analyst/economist knows that the new home sales number from the government is a total lie that will be revised downward later, that the options scandals are pervasive in fraudulent america (100 investigations just tip of the iceberg), oil stocks continue to rally on lower oil prices, as previously on pipeline explosion in Nigeria, spill in Gulf, and sanctions for Iran, and sharp FALL in oil prices.....riiiiight!.....predictions of disappointing retail sales even with fire-sale discounted prices,..... Highest increase (2%) in 30 years for the wholesale price index, and as well, the core ppi (1.3%), GDP growth less than expected at 2%, dollar sharply lower, oil prices up, building permits down, all unexpectedly bad but great news in the fraudulent alice-in-wonderland lunatic world of wall street. New Record Quarterly Trade Deficit initially spurred lunatic market rally along with obfuscating but very commissionable merger activity. Core inflation a very unexpected unchanged .....riiiiight!.....spurs superstitious, devoid of reality, santa rally.� Investment Banks Post Record 2006 Profit .....daaaaah! Churning and earning on worthless paper, where is that commission dollar coming from even as america has ceded solvency/leadership in every economic measure. Even at the lofty record numbers the indices are worth roughly half their value based on precipitous fall of the dollar in only 5 years with further downside to go. Superstitious �Santa Claus rally�.....riiiiight! High oil price rally.....riiiiight!� Total� bulls**t ! Retail sales up a very unexpected 1%, riiiiight, at the same time inventories of such goods rising substantially (do you think they�re booking sales to �straw men/companies�.....I do!) and oil inventories down. Fake employment numbers (from the government.....riiiiight!) the impetus for previous b.s. rally despite falling sentiment and uptick in unemployment. The ism services index (financed by unsustainable deficit/debt spending and pushing/commissioning worthless paper) and jawboning/bulls**t from the housing industry (the end is near.....riiiiight!), obfuscating mergers continued to cloud the picture, closely-watched core-PCE deflator had risen a more than expected 0.2%, second sub-50 reading on manufacturing activity in as many sessions-the November ISM index unexpectedly fell to 49.5 (consensus 52.0), Chicago PMI fell to its lowest level (49.9%) in October, and below the 50 level, indicating contraction, crude prices up� (OIL PRICES RISE ABOVE $63 A BARREL...), DOLLAR RESUMES SLIDE, Fed Chairman Bernanke & Co. cheerleading/jawboning/bulls**t, 3.2% decline in new home sales, oil inventories down and oil prices up, oil producers shun the dollar, Russia and Opec shift revenues into euros, yen and sterling..., all very bad news anywhere but in the fraudulent alice-in-wonderland world of wall street. Durable goods orders fell sharply, sentiment down, but supposedly used home sales rose slightly (riiiiight.....who says; the realtors/government who have been talking up this bubble market?) albeit at sharply lower prices. DOLLAR PLUNGES TO NEAR 15-YEAR LOW� In other words, no good news to justify the ridiculous up move by the alice-in-wonderland frauds of wall street. Worthless dollar, triple deficits, stock/options scandals/corruption, as some speculate that fed is behind purchases/manipulation (through proxy) of worthless american paper now being shunned by more rational market players abroad.� MARKETS ROCKED BY LONG OVERDUE BUT STILL MODEST RELATIVE TO REALITY SHARP SLIDE IN DOLLAR...There has never been a time since 1929 when stock prices and p/e ratios were so irrationally high for this point in a bull cycle in this indisputable secular bear market, particularly with the existing unprecedented structural economic problems, ie., trade and budget deficits, worthless dollar, scandals, fraud, corruption , etc.. In fact, unemployment unexpectedly rose substantially and consumer sentiment unexpectedly but similarly realistically fell, both very negative exept in the� fraudulent alice-in-wonderland world of wall street. Indeed, the housing bubble bursting with ie., unexpected 14% decline in starts/permits, etc., led to rally in the fraudulent alice-in-wonderland world of wall street. Obfuscating mergers help preclude detection of this massive and pervasive fraud which defies analysis owing to these mergers. New talking pointing: dell numbers exceed expectations depending upon ongoing government scrutiny of their accounting practices.....riiiiight! More contrived manipulated markets and data well as that previous unexpected rise in that global hub of manufacturing activity, New York (worthless paper is their real product, etc.) �..riiiiight!�.. underpins fraudulent up move. Reassuring Fed speak, also known as b**l s**t, along with IPO�s (get the suckers in at the highs as in late 90�s market bubble), and shrugging off pervasive stock/options fraud as at, ie., KB Homes, etc., leave stocks ridiculously higher. Nations leaving the worthless dollar in droves for currencies backed by value and for precious metals. Based on the self-interested statement of typical fraud american and fed rep, we hear once again the wishful thought that housing has bottomed.....right! [Reality/Truth: US housing slump deepens, spreads]. Home depot rallies despite lower than expected results and lower guidance for the year.....right! Who is stupid enough to believe anything the fraudulent criminal americans say. They are printing worthless dollars like mad. Consumer sentiment actually previously fell and there was nothing but wall street lunacy to prop the fraudulent market. The republicans who lockstepped with war criminal dumbya bush deserved to lose. The frauds on wall street now looking for the new corporate welfare program for which to sell the sizzle ie., stem cells, etc.. The know-nothing pundits are now saying the up move without any rational basis is predicated upon the the falsity that gridlock in washington is welcomed and good because no regulation of, ie., fraud on wall street, etc., can be passed. How about a tax on stock trades to come directly from the traders' (traitors/frauds) bottom lines and provide a disincentive for the churn-and-earn fraud which is tantamount to a wasteful tax on the economy. Even token Christian paulison from jew fraud wall street couldn't stem the tide against the blatent zionist/neocon/bush co failure accross the board as the wall street frauds show record profits financed, albeit indirectly, by huge deficits, both trade and budget. Obfuscating mergers blur the picture to provide cover for up move talking points in defiance of reality.� Stagflation and full employment revisions pre-election.....riiiiight. Productivity comes in at a less than expected 0 (inflationary). The only surprise should have been that the number wasn't negative. The pundits are now saying that the market/wall street fraud is in a state of denial regarding economic fundamentals and that the market is substantially overbought, overvalued, overfrauded, over, etc., the manufacturing index coming in lower than expectations. Consumer sentiment unexpectedly fell.....daaaaah. Pre-election core inflation rate report good �..riiiiight�..but savings rate still negative and walmart sales/profits/outlook substantially below expectations but what the heck, they�re wallstreet lunatics/frauds and reality is no problem. Despite pre-election deficit spending, GNP comes in a less than expected paltry 1.6% increase with worthless falling dollar the catch-22 precluding reality avoidance and the worst yet to come. More nations leaving the worthless dollar as reserve currency even as frauds on wall street reach new highs (What are they smoking? Coking? or like the dollar just cracking) based on corporate welfare flows with money the nation doesn't have pre-election (record deficits). Housing prices continue their sharp decline as bubble deflates. GM only lost 115 million. Ford lost 5.8 billion and must restate earnings back to year 2000 is a bullish sign in the fraudulent alice-in-wonderland lunatic world of wall street. Typical pre-fed meeting rally to provide a cushion for any negative pronouncements which reality would require but are seldom forthcoming by the accommodative frauds who have similarly embraced unreality. Indeed, the gutless wimps of wall street think they're "tough" when they fraudulently take the market higher despite a clearly contrary fact based reality. Caterpillar relates the pervasive reality and the frauds on wallstreet intimidate same with sell off, ignoring pervasive options scandal/fraud and rallies Merck despite lower than expectation results.....riiiiight! Election year corporate welfare to prime the pump and the mock stock market with money the nation doesn�t have (increasing already huge deficits). CPI figures (upon which government inflation adjusted payment obligations are based) lower than expected�..riiiiight! Intel earnings/revenues down sharply but according to the lunatic frauds on wall street, beat expectations and stock rallies along with yahoo which as in the pre-dot com bust days says better days are a coming�.. riiiiight Core inflation rate which is closely watched by the Fed exceeds all expectations. Fraud Merrill Lynch has really been pushing and commissioning that worthless paper and reports record earnings, despite having produced nothing and for very little if any value added (that ill-gotten money has to come from somewhere-your pockets?). The big economic report awaiting scrutiny was the monthly trade deficit which was expected to narrow but in fact INCREASED to 69.9 billion. The alice-in-wonderland lunatic wall street frauds rallied on the news as the dollar precipitously fell. The Fed Chairman said there is a "substantial correction" in housing, which will probably shave about 1% off growth in the second half of the year. The Institute of Supply Management said its services index fell to 52.9 in September -- the lowest level since April 2003. Great News�.. riiiiight!..... Consumer Confidence Higher Than Expected... riiiiight!..... and housing starts were down sharply but not-as-bad-as-expectations game in play US Existing Home Sales Fall 0.5% in August; Sales Price Drops Existing-home prices fall for 1st time in 11 years along with fed jaw-boning pre-election that inflation has been licked .....riiiiight �..despite printing worthless dollars like they�re going out of style because they really are! Fed did nothing and stocks rallied, pre-election.....riiiiight! What about the reality of u.s. debt service at a record unsustainable $2 billion per day on a revolving $2 trillion charge account with ie., China, etc.. The fact that foreclosures are up and that there is projected new trade deficit record, fake government inflation numbers for election year purposes, housing starts down 6% means little to the alice-in-wonderland lunatic frauds of wall street and the so-called pundits including yahoo below. Almost all computerized volume is and must be considered heavy, manipulated, economically wasteful volume [stocks move contrary to rational analytical facts (ie., exceeded lowered expectations, things so bad interest rates can�t rise, exceeded expectations, no earnings but outlook extraordinary, the fed says booo as they print more worthless dollars to finance deficits, etc. ) is money in the bank for the frauds on wall street when they unwind said irrational positions ]. Philadelphia Federal Reserve announces that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, leading economic indicators fall .2%, and previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows with b**l s**t from Yahoo (which didn�t even reference the record unanticipated trade gap):

There is nothing to rationally justify the previous up move or mixed results in the market other than what is tantamount to a negative, and based upon spurious data from the government; ie., fake government numbers said total PPI rose a smaller than expected 0.1% (consensus 0.4%) in July, which was well below the 0.5% jump in June, while the more closely watched core rate (ex-food and energy) unexpectedly (RIIIIIGHT!) fell 0.3% (consensus +0.2%) -- the first decline since October and the largest drop since a 0.5% decline in April 2003. Home Sales Decline in 28 States, D.C.. Real estate prices down/stagnant. But housing stocks�..up.....riiiiight!.....in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down.� Martin Crutsinger, AP Economics Writer, previously wrote,� U.S. Trade Deficit Falls 0.3 Percent in June to $64.8B, Offsetting Jump in Chinese Imports. Dell Recall Stems From sony Production Flaw� WASHINGTON (AP) -- America's trade deficit showed a slight improvement as strong global growth pushed U.S. exports to a record level. That helped offset a surge in Chinese imports and record crude oil prices. The deficit declined 0.3 percent in June, compared with May, dropping to $64.8 billion, still the fifth largest imbalance on record, the Commerce Department reported Thursday. The deficit is running at an annual rate of $768 billion through the first six months of this year, putting the country on track to see a fifth straight record imbalance. Last year's deficit was $716.7 billion. Prior considerations remain apposite in this clearly overvalued market. The frauds on wall street feel compelled to continue their tradition/superstition/fraud tactic of buying on the rumor and selling on the news (fact) of the Fed�s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money.� Yahoo previously commented: Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance....., to which I responded, Wild..... I�ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported and will now join gm in worker buyouts; but both GM and Ford will now offer built-in ipods which should substantially help their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Analyst says GM good news now behind it (past/discounted), yet stock still rose upon said analysis �..riiiiight�.. daaaaah! Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal, maybe even suspension, that has cast a harsh light on Silicon Valley's compensation practices. Don�t forget that GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland lunatic world of wall street is of course good news. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid (approx.) 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it�s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very commissionable (investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $59; yes, as in the last crash, they will get fooled again� as stocks up sharply in the fraudulent alice-in-wonderland lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the pundits/analysts are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley (who also says that in Europe bush�s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the �better than expectations� game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. Spotlight on the Stock Option Scandal-The share prices of companies involved in stock options backdating have held up well compared to the broader market. But shareholders might be in for a rougher ride. Plus, why the Nasdaq has its hands full. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived pearl harbor effect)/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/ and the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what�s up is down and what�s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they�ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin� to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don�t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)

"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006

WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):

The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

(2-14-07) The lunatic frauds on wall street (what a joke wall street is!) are still manic as lunatics suckers �bear market/higher oil prices/fake economic report/fed speak (based upon b**l s**t/fake reports even assuming fake growth rate though false, the decline of the fiat currency, the worthless dollar would negate same in real terms) (b.s. contrary to bernanke testimony before congress owing to previous implicit threat of prosecution for false statements)� rally fueled by b**l s**t alone to end ridiculously higher� to suck the suckers in; ie., as the Dow Jones industrial average up 87.01, S&P up 11.04, and NASDAQ up 28.50, all very commissionable on heavy volume, as in final pre-election result push for bush, which fell very short but has provided the same pump-priming of the market as most recently seen in 1999 which ended quite badly even without the exacerbating effects of huge unsustainable and debilitating debt/deficits deferring/delaying/prolonging the inevitable reality even as entire domestic u.s. industries are rendered what is tantamount to defunct and with corporate welfare unwisely spent (war crimes, etc.). Retail numbers at best (I don�t believe them for a second) just flat; massive layoffs at Chrysler; more government borrowing to paint false facade. Trade deficit up sharply and new record for all of 2006 - $763 billion (the market last rallied with previous month�s improvement, and rallies with worsening, everything else was typical wall street b**l s**t meaning and based on nothing, ie., m&a, upgrades, etc.). Default rates up again. HSBC Holdings, the world's third largest bank, warned that provisions for bad debt will be some 20% higher than previously thought. SEC launch of insider trading (pervasive on fraudulent wall street) probe just tip of the iceberg. Negative savings rate (highest since great depression), factory output down, home inventories highest since last crash, defaults up, gm and ford sales down 17% and 19%, deficits trade/budget, dollar down and going lower, january jobs data weaker than the consensus estimate and below the average gain of 153,000 per month for all of 2006 and viewed as bearish......but no problemo if you�re a lunatic fraud on wall street. Fake economic growth report from the administration. Mergers and acquisitions continue to cloud the picture facilitating the fraud. Having beat fraudulent alice-in-wonderland lunatic world of wall street expectations with Record Loss of $12.7 Billion, the rally in Ford�s stock continues..... riiiiight! Fake numbers also a plus. Ford Posts Record Loss of $12.7 Billion.....stock rallies on the news.....riiiiight! P/E ratios far beyond the mean particularly for this stage in the cycle for selected securities (ie., 80+, etc.). Higher oil prices and fake indicators report spark rally.....riiiiight! Report on leading economic indicators is delayed (very unusual unless you understand the greater complexity in fudging same.....not to worry, fans of frauds on wall street.....the lunatic frauds will also get their churn-and-earn commission dollars on the way down).Fed Chairman Bernanke begins to euphemistically discuss reality on capital hill. PAPER: Condo market in DC, Vegas, Miami and Boston has collapsed... Euro displaces dollar in bond markets...Higher oil prices and fake numbers spurs rally. More fake job numbers (at best, hamburger helpers, etc.). Yahoo profit falls 61% but rallies 6% on b**l s**t alone. Jawboning by kohn of print-those-worthless-dollars fed raises market.....riiiiight! The ism services index fell, but that was down from an unexpectedly and fake strong read a month earlier, manufacturing index up slightly to 51.4 (they must be counting hamburgers as manufactured goods in u.s......riiiiight!) but fed knows they�ve been printing worthless dollars like mad which of course is hyperinflationary and will come home to roost, along with huge debt/deficits, trade and budget, Stores Report Disappointing Dec. Sales, Gap Woes Deepen in Bleak Holiday Season. Ford and GM auto sales down 13%. More reports in defiance of reality, oil prices up, Dollar Slides...,every intelligent analyst/economist knows that the new home sales number from the government is a total lie that will be revised downward later, that the options scandals are pervasive in fraudulent america (100 investigations just tip of the iceberg), oil stocks continue to rally on lower oil prices, as previously on pipeline explosion in Nigeria, spill in Gulf, and sanctions for Iran, and sharp FALL in oil prices.....riiiiight!.....predictions of disappointing retail sales even with fire-sale discounted prices,..... Highest increase (2%) in 30 years for the wholesale price index, and as well, the core ppi (1.3%), GDP growth less than expected at 2%, dollar sharply lower, oil prices up, building permits down, all unexpectedly bad but great news in the fraudulent alice-in-wonderland lunatic world of wall street. New Record Quarterly Trade Deficit initially spurred lunatic market rally along with obfuscating but very commissionable merger activity. Core inflation a very unexpected unchanged .....riiiiight!.....spurs superstitious, devoid of reality, santa rally.� Investment Banks Post Record 2006 Profit .....daaaaah! Churning and earning on worthless paper, where is that commission dollar coming from even as america has ceded solvency/leadership in every economic measure. Even at the lofty record numbers the indices are worth roughly half their value based on precipitous fall of the dollar in only 5 years with further downside to go. Superstitious �Santa Claus rally�.....riiiiight! High oil price rally.....riiiiight!� Total� bulls**t ! Retail sales up a very unexpected 1%, riiiiight, at the same time inventories of such goods rising substantially (do you think they�re booking sales to �straw men/companies�.....I do!) and oil inventories down. Fake employment numbers (from the government.....riiiiight!) the impetus for previous b.s. rally despite falling sentiment and uptick in unemployment. The ism services index (financed by unsustainable deficit/debt spending and pushing/commissioning worthless paper) and jawboning/bulls**t from the housing industry (the end is near.....riiiiight!), obfuscating mergers continued to cloud the picture, closely-watched core-PCE deflator had risen a more than expected 0.2%, second sub-50 reading on manufacturing activity in as many sessions-the November ISM index unexpectedly fell to 49.5 (consensus 52.0), Chicago PMI fell to its lowest level (49.9%) in October, and below the 50 level, indicating contraction, crude prices up� (OIL PRICES RISE ABOVE $63 A BARREL...), DOLLAR RESUMES SLIDE, Fed Chairman Bernanke & Co. cheerleading/jawboning/bulls**t, 3.2% decline in new home sales, oil inventories down and oil prices up, oil producers shun the dollar, Russia and Opec shift revenues into euros, yen and sterling..., all very bad news anywhere but in the fraudulent alice-in-wonderland world of wall street. Durable goods orders fell sharply, sentiment down, but supposedly used home sales rose slightly (riiiiight.....who says; the realtors/government who have been talking up this bubble market?) albeit at sharply lower prices. DOLLAR PLUNGES TO NEAR 15-YEAR LOW� In other words, no good news to justify the ridiculous up move by the alice-in-wonderland frauds of wall street. Worthless dollar, triple deficits, stock/options scandals/corruption, as some speculate that fed is behind purchases/manipulation (through proxy) of worthless american paper now being shunned by more rational market players abroad.� MARKETS ROCKED BY LONG OVERDUE BUT STILL MODEST RELATIVE TO REALITY SHARP SLIDE IN DOLLAR...There has never been a time since 1929 when stock prices and p/e ratios were so irrationally high for this point in a bull cycle in this indisputable secular bear market, particularly with the existing unprecedented structural economic problems, ie., trade and budget deficits, worthless dollar, scandals, fraud, corruption , etc.. In fact, unemployment unexpectedly rose substantially and consumer sentiment unexpectedly but similarly realistically fell, both very negative exept in the� fraudulent alice-in-wonderland world of wall street. Indeed, the housing bubble bursting with ie., unexpected 14% decline in starts/permits, etc., led to rally in the fraudulent alice-in-wonderland world of wall street. Obfuscating mergers help preclude detection of this massive and pervasive fraud which defies analysis owing to these mergers. New talking pointing: dell numbers exceed expectations depending upon ongoing government scrutiny of their accounting practices.....riiiiight! More contrived manipulated markets and data well as that previous unexpected rise in that global hub of manufacturing activity, New York (worthless paper is their real product, etc.) �..riiiiight!�.. underpins fraudulent up move. Reassuring Fed speak, also known as b**l s**t, along with IPO�s (get the suckers in at the highs as in late 90�s market bubble), and shrugging off pervasive stock/options fraud as at, ie., KB Homes, etc., leave stocks ridiculously higher. Nations leaving the worthless dollar in droves for currencies backed by value and for precious metals. Based on the self-interested statement of typical fraud american and fed rep, we hear once again the wishful thought that housing has bottomed.....right! [Reality/Truth: US housing slump deepens, spreads]. Home depot rallies despite lower than expected results and lower guidance for the year.....right! Who is stupid enough to believe anything the fraudulent criminal americans say. They are printing worthless dollars like mad. Consumer sentiment actually previously fell and there was nothing but wall street lunacy to prop the fraudulent market. The republicans who lockstepped with war criminal dumbya bush deserved to lose. The frauds on wall street now looking for the new corporate welfare program for which to sell the sizzle ie., stem cells, etc.. The know-nothing pundits are now saying the up move without any rational basis is predicated upon the the falsity that gridlock in washington is welcomed and good because no regulation of, ie., fraud on wall street, etc., can be passed. How about a tax on stock trades to come directly from the traders' (traitors/frauds) bottom lines and provide a disincentive for the churn-and-earn fraud which is tantamount to a wasteful tax on the economy. Even token Christian paulison from jew fraud wall street couldn't stem the tide against the blatent zionist/neocon/bush co failure accross the board as the wall street frauds show record profits financed, albeit indirectly, by huge deficits, both trade and budget. Obfuscating mergers blur the picture to provide cover for up move talking points in defiance of reality.� Stagflation and full employment revisions pre-election.....riiiiight. Productivity comes in at a less than expected 0 (inflationary). The only surprise should have been that the number wasn't negative. The pundits are now saying that the market/wall street fraud is in a state of denial regarding economic fundamentals and that the market is substantially overbought, overvalued, overfrauded, over, etc., the manufacturing index coming in lower than expectations. Consumer sentiment unexpectedly fell.....daaaaah. Pre-election core inflation rate report good �..riiiiight�..but savings rate still negative and walmart sales/profits/outlook substantially below expectations but what the heck, they�re wallstreet lunatics/frauds and reality is no problem. Despite pre-election deficit spending, GNP comes in a less than expected paltry 1.6% increase with worthless falling dollar the catch-22 precluding reality avoidance and the worst yet to come. More nations leaving the worthless dollar as reserve currency even as frauds on wall street reach new highs (What are they smoking? Coking? or like the dollar just cracking) based on corporate welfare flows with money the nation doesn't have pre-election (record deficits). Housing prices continue their sharp decline as bubble deflates. GM only lost 115 million. Ford lost 5.8 billion and must restate earnings back to year 2000 is a bullish sign in the fraudulent alice-in-wonderland lunatic world of wall street. Typical pre-fed meeting rally to provide a cushion for any negative pronouncements which reality would require but are seldom forthcoming by the accommodative frauds who have similarly embraced unreality. Indeed, the gutless wimps of wall street think they're "tough" when they fraudulently take the market higher despite a clearly contrary fact based reality. Caterpillar relates the pervasive reality and the frauds on wallstreet intimidate same with sell off, ignoring pervasive options scandal/fraud and rallies Merck despite lower than expectation results.....riiiiight! Election year corporate welfare to prime the pump and the mock stock market with money the nation doesn�t have (increasing already huge deficits). CPI figures (upon which government inflation adjusted payment obligations are based) lower than expected�..riiiiight! Intel earnings/revenues down sharply but according to the lunatic frauds on wall street, beat expectations and stock rallies along with yahoo which as in the pre-dot com bust days says better days are a coming�.. riiiiight Core inflation rate which is closely watched by the Fed exceeds all expectations. Fraud Merrill Lynch has really been pushing and commissioning that worthless paper and reports record earnings, despite having produced nothing and for very little if any value added (that ill-gotten money has to come from somewhere-your pockets?). The big economic report awaiting scrutiny was the monthly trade deficit which was expected to narrow but in fact INCREASED to 69.9 billion. The alice-in-wonderland lunatic wall street frauds rallied on the news as the dollar precipitously fell. The Fed Chairman said there is a "substantial correction" in housing, which will probably shave about 1% off growth in the second half of the year. The Institute of Supply Management said its services index fell to 52.9 in September -- the lowest level since April 2003. Great News�.. riiiiight!..... Consumer Confidence Higher Than Expected... riiiiight!..... and housing starts were down sharply but not-as-bad-as-expectations game in play US Existing Home Sales Fall 0.5% in August; Sales Price Drops Existing-home prices fall for 1st time in 11 years along with fed jaw-boning pre-election that inflation has been licked .....riiiiight �..despite printing worthless dollars like they�re going out of style because they really are! Fed did nothing and stocks rallied, pre-election.....riiiiight! What about the reality of u.s. debt service at a record unsustainable $2 billion per day on a revolving $2 trillion charge account with ie., China, etc.. The fact that foreclosures are up and that there is projected new trade deficit record, fake government inflation numbers for election year purposes, housing starts down 6% means little to the alice-in-wonderland lunatic frauds of wall street and the so-called pundits including yahoo below. Almost all computerized volume is and must be considered heavy, manipulated, economically wasteful volume [stocks move contrary to rational analytical facts (ie., exceeded lowered expectations, things so bad interest rates can�t rise, exceeded expectations, no earnings but outlook extraordinary, the fed says booo as they print more worthless dollars to finance deficits, etc. ) is money in the bank for the frauds on wall street when they unwind said irrational positions ]. Philadelphia Federal Reserve announces that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, leading economic indicators fall .2%, and previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows with b**l s**t from Yahoo (which didn�t even reference the record unanticipated trade gap):

There is nothing to rationally justify the previous up move or mixed results in the market other than what is tantamount to a negative, and based upon spurious data from the government; ie., fake government numbers said total PPI rose a smaller than expected 0.1% (consensus 0.4%) in July, which was well below the 0.5% jump in June, while the more closely watched core rate (ex-food and energy) unexpectedly (RIIIIIGHT!) fell 0.3% (consensus +0.2%) -- the first decline since October and the largest drop since a 0.5% decline in April 2003. Home Sales Decline in 28 States, D.C.. Real estate prices down/stagnant. But housing stocks�..up.....riiiiight!.....in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down.� Martin Crutsinger, AP Economics Writer, previously wrote,� U.S. Trade Deficit Falls 0.3 Percent in June to $64.8B, Offsetting Jump in Chinese Imports. Dell Recall Stems From sony Production Flaw� WASHINGTON (AP) -- America's trade deficit showed a slight improvement as strong global growth pushed U.S. exports to a record level. That helped offset a surge in Chinese imports and record crude oil prices. The deficit declined 0.3 percent in June, compared with May, dropping to $64.8 billion, still the fifth largest imbalance on record, the Commerce Department reported Thursday. The deficit is running at an annual rate of $768 billion through the first six months of this year, putting the country on track to see a fifth straight record imbalance. Last year's deficit was $716.7 billion. Prior considerations remain apposite in this clearly overvalued market. The frauds on wall street feel compelled to continue their tradition/superstition/fraud tactic of buying on the rumor and selling on the news (fact) of the Fed�s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money.� Yahoo previously commented: Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance....., to which I responded, Wild..... I�ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported and will now join gm in worker buyouts; but both GM and Ford will now offer built-in ipods which should substantially help their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Analyst says GM good news now behind it (past/discounted), yet stock still rose upon said analysis �..riiiiight�.. daaaaah! Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal, maybe even suspension, that has cast a harsh light on Silicon Valley's compensation practices. Don�t forget that GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland lunatic world of wall street is of course good news. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid (approx.) 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it�s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very commissionable (investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $59; yes, as in the last crash, they will get fooled again� as stocks up sharply in the fraudulent alice-in-wonderland lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the pundits/analysts are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley (who also says that in Europe bush�s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the �better than expectations� game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. Spotlight on the Stock Option Scandal-The share prices of companies involved in stock options backdating have held up well compared to the broader market. But shareholders might be in for a rougher ride. Plus, why the Nasdaq has its hands full. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived pearl harbor effect)/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/ and the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what�s up is down and what�s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they�ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin� to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don�t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)

"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006

WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):

The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

(2-13-07) The lunatic frauds on wall street are still manic as lunatics suckers �bear market/higher oil prices/fake economic report/fed speak (b.s. contrary to bernanke testimony before congress owing to implicit threat of prosecution for false statements)� rally fueled by b**l s**t alone to end ridiculously higher� to suck the suckers in; ie., as the Dow Jones industrial average up 102.30, S&P up 10.89, and NASDAQ up 9.50, all very commissionable on heavy volume, as in final pre-election result push for bush, which fell very short but has provided the same pump-priming of the market as most recently seen in 1999 which ended quite badly even without the exacerbating effects of huge unsustainable and debilitating debt/deficits deferring/delaying/prolonging the inevitable reality even as entire domestic u.s. industries are rendered what is tantamount to defunct and with corporate welfare unwisely spent (war crimes, etc.). Trade deficit up sharply and new record for all of 2006 - $763 billion (the market last rallied with previous month�s improvement, and rallies with worsening, everything else was typical wall street b**l s**t meaning and based on nothing, ie., m&a, upgrades, etc.). Default rates up again. HSBC Holdings, the world's third largest bank, warned that provisions for bad debt will be some 20% higher than previously thought. SEC launch of insider trading (pervasive on fraudulent wall street) probe just tip of the iceberg. Negative savings rate (highest since great depression), factory output down, home inventories highest since last crash, defaults up, gm and ford sales down 17% and 19%, deficits trade/budget, dollar down and going lower, january jobs data weaker than the consensus estimate and below the average gain of 153,000 per month for all of 2006 and viewed as bearish......but no problemo if you�re a lunatic fraud on wall street. Fake economic growth report from the administration. Mergers and acquisitions continue to cloud the picture facilitating the fraud. Having beat fraudulent alice-in-wonderland lunatic world of wall street expectations with Record Loss of $12.7 Billion, the rally in Ford�s stock continues..... riiiiight! Fake numbers also a plus. Ford Posts Record Loss of $12.7 Billion.....stock rallies on the news.....riiiiight! P/E ratios far beyond the mean particularly for this stage in the cycle for selected securities (ie., 80+, etc.). Higher oil prices and fake indicators report spark rally.....riiiiight! Report on leading economic indicators is delayed (very unusual unless you understand the greater complexity in fudging same.....not to worry, fans of frauds on wall street.....the lunatic frauds will also get their churn-and-earn commission dollars on the way down).Fed Chairman Bernanke begins to euphemistically discuss reality on capital hill. PAPER: Condo market in DC, Vegas, Miami and Boston has collapsed... Euro displaces dollar in bond markets...Higher oil prices and fake numbers spurs rally. More fake job numbers (at best, hamburger helpers, etc.). Yahoo profit falls 61% but rallies 6% on b**l s**t alone. Jawboning by kohn of print-those-worthless-dollars fed raises market.....riiiiight! The ism services index fell, but that was down from an unexpectedly and fake strong read a month earlier, manufacturing index up slightly to 51.4 (they must be counting hamburgers as manufactured goods in u.s......riiiiight!) but fed knows they�ve been printing worthless dollars like mad which of course is hyperinflationary and will come home to roost, along with huge debt/deficits, trade and budget, Stores Report Disappointing Dec. Sales, Gap Woes Deepen in Bleak Holiday Season. Ford and GM auto sales down 13%. More reports in defiance of reality, oil prices up, Dollar Slides...,every intelligent analyst/economist knows that the new home sales number from the government is a total lie that will be revised downward later, that the options scandals are pervasive in fraudulent america (100 investigations just tip of the iceberg), oil stocks continue to rally on lower oil prices, as previously on pipeline explosion in Nigeria, spill in Gulf, and sanctions for Iran, and sharp FALL in oil prices.....riiiiight!.....predictions of disappointing retail sales even with fire-sale discounted prices,..... Highest increase (2%) in 30 years for the wholesale price index, and as well, the core ppi (1.3%), GDP growth less than expected at 2%, dollar sharply lower, oil prices up, building permits down, all unexpectedly bad but great news in the fraudulent alice-in-wonderland lunatic world of wall street. New Record Quarterly Trade Deficit initially spurred lunatic market rally along with obfuscating but very commissionable merger activity. Core inflation a very unexpected unchanged .....riiiiight!.....spurs superstitious, devoid of reality, santa rally.� Investment Banks Post Record 2006 Profit .....daaaaah! Churning and earning on worthless paper, where is that commission dollar coming from even as america has ceded solvency/leadership in every economic measure. Even at the lofty record numbers the indices are worth roughly half their value based on precipitous fall of the dollar in only 5 years with further downside to go. Superstitious �Santa Claus rally�.....riiiiight! High oil price rally.....riiiiight!� Total� bulls**t ! Retail sales up a very unexpected 1%, riiiiight, at the same time inventories of such goods rising substantially (do you think they�re booking sales to �straw men/companies�.....I do!) and oil inventories down. Fake employment numbers (from the government.....riiiiight!) the impetus for previous b.s. rally despite falling sentiment and uptick in unemployment. The ism services index (financed by unsustainable deficit/debt spending and pushing/commissioning worthless paper) and jawboning/bulls**t from the housing industry (the end is near.....riiiiight!), obfuscating mergers continued to cloud the picture, closely-watched core-PCE deflator had risen a more than expected 0.2%, second sub-50 reading on manufacturing activity in as many sessions-the November ISM index unexpectedly fell to 49.5 (consensus 52.0), Chicago PMI fell to its lowest level (49.9%) in October, and below the 50 level, indicating contraction, crude prices up� (OIL PRICES RISE ABOVE $63 A BARREL...), DOLLAR RESUMES SLIDE, Fed Chairman Bernanke & Co. cheerleading/jawboning/bulls**t, 3.2% decline in new home sales, oil inventories down and oil prices up, oil producers shun the dollar, Russia and Opec shift revenues into euros, yen and sterling..., all very bad news anywhere but in the fraudulent alice-in-wonderland world of wall street. Durable goods orders fell sharply, sentiment down, but supposedly used home sales rose slightly (riiiiight.....who says; the realtors/government who have been talking up this bubble market?) albeit at sharply lower prices. DOLLAR PLUNGES TO NEAR 15-YEAR LOW� In other words, no good news to justify the ridiculous up move by the alice-in-wonderland frauds of wall street. Worthless dollar, triple deficits, stock/options scandals/corruption, as some speculate that fed is behind purchases/manipulation (through proxy) of worthless american paper now being shunned by more rational market players abroad.� MARKETS ROCKED BY LONG OVERDUE BUT STILL MODEST RELATIVE TO REALITY SHARP SLIDE IN DOLLAR...There has never been a time since 1929 when stock prices and p/e ratios were so irrationally high for this point in a bull cycle in this indisputable secular bear market, particularly with the existing unprecedented structural economic problems, ie., trade and budget deficits, worthless dollar, scandals, fraud, corruption , etc.. In fact, unemployment unexpectedly rose substantially and consumer sentiment unexpectedly but similarly realistically fell, both very negative exept in the� fraudulent alice-in-wonderland world of wall street. Indeed, the housing bubble bursting with ie., unexpected 14% decline in starts/permits, etc., led to rally in the fraudulent alice-in-wonderland world of wall street. Obfuscating mergers help preclude detection of this massive and pervasive fraud which defies analysis owing to these mergers. New talking pointing: dell numbers exceed expectations depending upon ongoing government scrutiny of their accounting practices.....riiiiight! More contrived manipulated markets and data well as that previous unexpected rise in that global hub of manufacturing activity, New York (worthless paper is their real product, etc.) �..riiiiight!�.. underpins fraudulent up move. Reassuring Fed speak, also known as b**l s**t, along with IPO�s (get the suckers in at the highs as in late 90�s market bubble), and shrugging off pervasive stock/options fraud as at, ie., KB Homes, etc., leave stocks ridiculously higher. Nations leaving the worthless dollar in droves for currencies backed by value and for precious metals. Based on the self-interested statement of typical fraud american and fed rep, we hear once again the wishful thought that housing has bottomed.....right! [Reality/Truth: US housing slump deepens, spreads]. Home depot rallies despite lower than expected results and lower guidance for the year.....right! Who is stupid enough to believe anything the fraudulent criminal americans say. They are printing worthless dollars like mad. Consumer sentiment actually previously fell and there was nothing but wall street lunacy to prop the fraudulent market. The republicans who lockstepped with war criminal dumbya bush deserved to lose. The frauds on wall street now looking for the new corporate welfare program for which to sell the sizzle ie., stem cells, etc.. The know-nothing pundits are now saying the up move without any rational basis is predicated upon the the falsity that gridlock in washington is welcomed and good because no regulation of, ie., fraud on wall street, etc., can be passed. How about a tax on stock trades to come directly from the traders' (traitors/frauds) bottom lines and provide a disincentive for the churn-and-earn fraud which is tantamount to a wasteful tax on the economy. Even token Christian paulison from jew fraud wall street couldn't stem the tide against the blatent zionist/neocon/bush co failure accross the board as the wall street frauds show record profits financed, albeit indirectly, by huge deficits, both trade and budget. Obfuscating mergers blur the picture to provide cover for up move talking points in defiance of reality.� Stagflation and full employment revisions pre-election.....riiiiight. Productivity comes in at a less than expected 0 (inflationary). The only surprise should have been that the number wasn't negative. The pundits are now saying that the market/wall street fraud is in a state of denial regarding economic fundamentals and that the market is substantially overbought, overvalued, overfrauded, over, etc., the manufacturing index coming in lower than expectations. Consumer sentiment unexpectedly fell.....daaaaah. Pre-election core inflation rate report good �..riiiiight�..but savings rate still negative and walmart sales/profits/outlook substantially below expectations but what the heck, they�re wallstreet lunatics/frauds and reality is no problem. Despite pre-election deficit spending, GNP comes in a less than expected paltry 1.6% increase with worthless falling dollar the catch-22 precluding reality avoidance and the worst yet to come. More nations leaving the worthless dollar as reserve currency even as frauds on wall street reach new highs (What are they smoking? Coking? or like the dollar just cracking) based on corporate welfare flows with money the nation doesn't have pre-election (record deficits). Housing prices continue their sharp decline as bubble deflates. GM only lost 115 million. Ford lost 5.8 billion and must restate earnings back to year 2000 is a bullish sign in the fraudulent alice-in-wonderland lunatic world of wall street. Typical pre-fed meeting rally to provide a cushion for any negative pronouncements which reality would require but are seldom forthcoming by the accommodative frauds who have similarly embraced unreality. Indeed, the gutless wimps of wall street think they're "tough" when they fraudulently take the market higher despite a clearly contrary fact based reality. Caterpillar relates the pervasive reality and the frauds on wallstreet intimidate same with sell off, ignoring pervasive options scandal/fraud and rallies Merck despite lower than expectation results.....riiiiight! Election year corporate welfare to prime the pump and the mock stock market with money the nation doesn�t have (increasing already huge deficits). CPI figures (upon which government inflation adjusted payment obligations are based) lower than expected�..riiiiight! Intel earnings/revenues down sharply but according to the lunatic frauds on wall street, beat expectations and stock rallies along with yahoo which as in the pre-dot com bust days says better days are a coming�.. riiiiight Core inflation rate which is closely watched by the Fed exceeds all expectations. Fraud Merrill Lynch has really been pushing and commissioning that worthless paper and reports record earnings, despite having produced nothing and for very little if any value added (that ill-gotten money has to come from somewhere-your pockets?). The big economic report awaiting scrutiny was the monthly trade deficit which was expected to narrow but in fact INCREASED to 69.9 billion. The alice-in-wonderland lunatic wall street frauds rallied on the news as the dollar precipitously fell. The Fed Chairman said there is a "substantial correction" in housing, which will probably shave about 1% off growth in the second half of the year. The Institute of Supply Management said its services index fell to 52.9 in September -- the lowest level since April 2003. Great News�.. riiiiight!..... Consumer Confidence Higher Than Expected... riiiiight!..... and housing starts were down sharply but not-as-bad-as-expectations game in play US Existing Home Sales Fall 0.5% in August; Sales Price Drops Existing-home prices fall for 1st time in 11 years along with fed jaw-boning pre-election that inflation has been licked .....riiiiight �..despite printing worthless dollars like they�re going out of style because they really are! Fed did nothing and stocks rallied, pre-election.....riiiiight! What about the reality of u.s. debt service at a record unsustainable $2 billion per day on a revolving $2 trillion charge account with ie., China, etc.. The fact that foreclosures are up and that there is projected new trade deficit record, fake government inflation numbers for election year purposes, housing starts down 6% means little to the alice-in-wonderland lunatic frauds of wall street and the so-called pundits including yahoo below. Almost all computerized volume is and must be considered heavy, manipulated, economically wasteful volume [stocks move contrary to rational analytical facts (ie., exceeded lowered expectations, things so bad interest rates can�t rise, exceeded expectations, no earnings but outlook extraordinary, the fed says booo as they print more worthless dollars to finance deficits, etc. ) is money in the bank for the frauds on wall street when they unwind said irrational positions ]. Philadelphia Federal Reserve announces that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, leading economic indicators fall .2%, and previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows with b**l s**t from Yahoo (which didn�t even reference the record unanticipated trade gap):

There is nothing to rationally justify the previous up move or mixed results in the market other than what is tantamount to a negative, and based upon spurious data from the government; ie., fake government numbers said total PPI rose a smaller than expected 0.1% (consensus 0.4%) in July, which was well below the 0.5% jump in June, while the more closely watched core rate (ex-food and energy) unexpectedly (RIIIIIGHT!) fell 0.3% (consensus +0.2%) -- the first decline since October and the largest drop since a 0.5% decline in April 2003. Home Sales Decline in 28 States, D.C.. Real estate prices down/stagnant. But housing stocks�..up.....riiiiight!.....in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down.� Martin Crutsinger, AP Economics Writer, previously wrote,� U.S. Trade Deficit Falls 0.3 Percent in June to $64.8B, Offsetting Jump in Chinese Imports. Dell Recall Stems From sony Production Flaw� WASHINGTON (AP) -- America's trade deficit showed a slight improvement as strong global growth pushed U.S. exports to a record level. That helped offset a surge in Chinese imports and record crude oil prices. The deficit declined 0.3 percent in June, compared with May, dropping to $64.8 billion, still the fifth largest imbalance on record, the Commerce Department reported Thursday. The deficit is running at an annual rate of $768 billion through the first six months of this year, putting the country on track to see a fifth straight record imbalance. Last year's deficit was $716.7 billion. Prior considerations remain apposite in this clearly overvalued market. The frauds on wall street feel compelled to continue their tradition/superstition/fraud tactic of buying on the rumor and selling on the news (fact) of the Fed�s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money.� Yahoo previously commented: Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance....., to which I responded, Wild..... I�ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported and will now join gm in worker buyouts; but both GM and Ford will now offer built-in ipods which should substantially help their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Analyst says GM good news now behind it (past/discounted), yet stock still rose upon said analysis �..riiiiight�.. daaaaah! Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal, maybe even suspension, that has cast a harsh light on Silicon Valley's compensation practices. Don�t forget that GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland lunatic world of wall street is of course good news. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid (approx.) 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it�s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very commissionable (investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $59; yes, as in the last crash, they will get fooled again� as stocks up sharply in the fraudulent alice-in-wonderland lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the pundits/analysts are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley (who also says that in Europe bush�s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the �better than expectations� game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. Spotlight on the Stock Option Scandal-The share prices of companies involved in stock options backdating have held up well compared to the broader market. But shareholders might be in for a rougher ride. Plus, why the Nasdaq has its hands full. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived pearl harbor effect)/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/ and the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what�s up is down and what�s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they�ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin� to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don�t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)

"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006

WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):

The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

(2-12-07) The lunatics on wall street are still manic as lunatics suckers �bear market/higher oil prices/fake economic report/fed speak (b.s. contrary to bernanke testimony before congress owing to implicit threat of prosecution for false statements)� rally into the close fueled by b**l s**t alone to end modestly lower relative to reality to suck the suckers in; ie., as the Dow Jones industrial average down 28.28, S&P down 4.69, and NASDAQ down 9.44, all very commissionable on heavy volume, as in final pre-election result push for bush, which fell very short but has provided the same pump-priming of the market as most recently seen in 1999 which ended quite badly even without the exacerbating effects of huge unsustainable and debilitating debt/deficits deferring/delaying/prolonging the inevitable reality even as entire domestic u.s. industries are rendered what is tantamount to defunct and with corporate welfare unwisely spent (war crimes, etc.). Default rates up again. HSBC Holdings, the world's third largest bank, warned that provisions for bad debt will be some 20% higher than previously thought. SEC launch of insider trading (pervasive on fraudulent wall street) probe just tip of the iceberg. Negative savings rate (highest since great depression), factory output down, home inventories highest since last crash, defaults up, gm and ford sales down 17% and 19%, deficits trade/budget, dollar down and going lower, january jobs data weaker than the consensus estimate and below the average gain of 153,000 per month for all of 2006 and viewed as bearish......but no problemo if you�re a lunatic fraud on wall street. Fake economic growth report from the administration. Mergers and acquisitions continue to cloud the picture facilitating the fraud. Having beat fraudulent alice-in-wonderland lunatic world of wall street expectations with Record Loss of $12.7 Billion, the rally in Ford�s stock continues..... riiiiight! Fake numbers also a plus. Ford Posts Record Loss of $12.7 Billion.....stock rallies on the news.....riiiiight! P/E ratios far beyond the mean particularly for this stage in the cycle for selected securities (ie., 80+, etc.). Higher oil prices and fake indicators report spark rally.....riiiiight! Report on leading economic indicators is delayed (very unusual unless you understand the greater complexity in fudging same.....not to worry, fans of frauds on wall street.....the lunatic frauds will also get their churn-and-earn commission dollars on the way down).Fed Chairman Bernanke begins to euphemistically discuss reality on capital hill. PAPER: Condo market in DC, Vegas, Miami and Boston has collapsed... Euro displaces dollar in bond markets...Higher oil prices and fake numbers spurs rally. More fake job numbers (at best, hamburger helpers, etc.). Yahoo profit falls 61% but rallies 6% on b**l s**t alone. Jawboning by kohn of print-those-worthless-dollars fed raises market.....riiiiight! The ism services index fell, but that was down from an unexpectedly and fake strong read a month earlier, manufacturing index up slightly to 51.4 (they must be counting hamburgers as manufactured goods in u.s......riiiiight!) but fed knows they�ve been printing worthless dollars like mad which of course is hyperinflationary and will come home to roost, along with huge debt/deficits, trade and budget, Stores Report Disappointing Dec. Sales, Gap Woes Deepen in Bleak Holiday Season. Ford and GM auto sales down 13%. More reports in defiance of reality, oil prices up, Dollar Slides...,every intelligent analyst/economist knows that the new home sales number from the government is a total lie that will be revised downward later, that the options scandals are pervasive in fraudulent america (100 investigations just tip of the iceberg), oil stocks continue to rally on lower oil prices, as previously on pipeline explosion in Nigeria, spill in Gulf, and sanctions for Iran, and sharp FALL in oil prices.....riiiiight!.....predictions of disappointing retail sales even with fire-sale discounted prices,..... Highest increase (2%) in 30 years for the wholesale price index, and as well, the core ppi (1.3%), GDP growth less than expected at 2%, dollar sharply lower, oil prices up, building permits down, all unexpectedly bad but great news in the fraudulent alice-in-wonderland lunatic world of wall street. New Record Quarterly Trade Deficit initially spurred lunatic market rally along with obfuscating but very commissionable merger activity. Core inflation a very unexpected unchanged .....riiiiight!.....spurs superstitious, devoid of reality, santa rally.� Investment Banks Post Record 2006 Profit .....daaaaah! Churning and earning on worthless paper, where is that commission dollar coming from even as america has ceded solvency/leadership in every economic measure. Even at the lofty record numbers the indices are worth roughly half their value based on precipitous fall of the dollar in only 5 years with further downside to go. Superstitious �Santa Claus rally�.....riiiiight! High oil price rally.....riiiiight!� Total� bulls**t ! Retail sales up a very unexpected 1%, riiiiight, at the same time inventories of such goods rising substantially (do you think they�re booking sales to �straw men/companies�.....I do!) and oil inventories down. Fake employment numbers (from the government.....riiiiight!) the impetus for previous b.s. rally despite falling sentiment and uptick in unemployment. The ism services index (financed by unsustainable deficit/debt spending and pushing/commissioning worthless paper) and jawboning/bulls**t from the housing industry (the end is near.....riiiiight!), obfuscating mergers continued to cloud the picture, closely-watched core-PCE deflator had risen a more than expected 0.2%, second sub-50 reading on manufacturing activity in as many sessions-the November ISM index unexpectedly fell to 49.5 (consensus 52.0), Chicago PMI fell to its lowest level (49.9%) in October, and below the 50 level, indicating contraction, crude prices up� (OIL PRICES RISE ABOVE $63 A BARREL...), DOLLAR RESUMES SLIDE, Fed Chairman Bernanke & Co. cheerleading/jawboning/bulls**t, 3.2% decline in new home sales, oil inventories down and oil prices up, oil producers shun the dollar, Russia and Opec shift revenues into euros, yen and sterling..., all very bad news anywhere but in the fraudulent alice-in-wonderland world of wall street. Durable goods orders fell sharply, sentiment down, but supposedly used home sales rose slightly (riiiiight.....who says; the realtors/government who have been talking up this bubble market?) albeit at sharply lower prices. DOLLAR PLUNGES TO NEAR 15-YEAR LOW� In other words, no good news to justify the ridiculous up move by the alice-in-wonderland frauds of wall street. Worthless dollar, triple deficits, stock/options scandals/corruption, as some speculate that fed is behind purchases/manipulation (through proxy) of worthless american paper now being shunned by more rational market players abroad.� MARKETS ROCKED BY LONG OVERDUE BUT STILL MODEST RELATIVE TO REALITY SHARP SLIDE IN DOLLAR...There has never been a time since 1929 when stock prices and p/e ratios were so irrationally high for this point in a bull cycle in this indisputable secular bear market, particularly with the existing unprecedented structural economic problems, ie., trade and budget deficits, worthless dollar, scandals, fraud, corruption , etc.. In fact, unemployment unexpectedly rose substantially and consumer sentiment unexpectedly but similarly realistically fell, both very negative exept in the� fraudulent alice-in-wonderland world of wall street. Indeed, the housing bubble bursting with ie., unexpected 14% decline in starts/permits, etc., led to rally in the fraudulent alice-in-wonderland world of wall street. Obfuscating mergers help preclude detection of this massive and pervasive fraud which defies analysis owing to these mergers. New talking pointing: dell numbers exceed expectations depending upon ongoing government scrutiny of their accounting practices.....riiiiight! More contrived manipulated markets and data well as that previous unexpected rise in that global hub of manufacturing activity, New York (worthless paper is their real product, etc.) �..riiiiight!�.. underpins fraudulent up move. Reassuring Fed speak, also known as b**l s**t, along with IPO�s (get the suckers in at the highs as in late 90�s market bubble), and shrugging off pervasive stock/options fraud as at, ie., KB Homes, etc., leave stocks ridiculously higher. Nations leaving the worthless dollar in droves for currencies backed by value and for precious metals. Based on the self-interested statement of typical fraud american and fed rep, we hear once again the wishful thought that housing has bottomed.....right! [Reality/Truth: US housing slump deepens, spreads]. Home depot rallies despite lower than expected results and lower guidance for the year.....right! Who is stupid enough to believe anything the fraudulent criminal americans say. They are printing worthless dollars like mad. Consumer sentiment actually previously fell and there was nothing but wall street lunacy to prop the fraudulent market. The republicans who lockstepped with war criminal dumbya bush deserved to lose. The frauds on wall street now looking for the new corporate welfare program for which to sell the sizzle ie., stem cells, etc.. The know-nothing pundits are now saying the up move without any rational basis is predicated upon the the falsity that gridlock in washington is welcomed and good because no regulation of, ie., fraud on wall street, etc., can be passed. How about a tax on stock trades to come directly from the traders' (traitors/frauds) bottom lines and provide a disincentive for the churn-and-earn fraud which is tantamount to a wasteful tax on the economy. Even token Christian paulison from jew fraud wall street couldn't stem the tide against the blatent zionist/neocon/bush co failure accross the board as the wall street frauds show record profits financed, albeit indirectly, by huge deficits, both trade and budget. Obfuscating mergers blur the picture to provide cover for up move talking points in defiance of reality.� Stagflation and full employment revisions pre-election.....riiiiight. Productivity comes in at a less than expected 0 (inflationary). The only surprise should have been that the number wasn't negative. The pundits are now saying that the market/wall street fraud is in a state of denial regarding economic fundamentals and that the market is substantially overbought, overvalued, overfrauded, over, etc., the manufacturing index coming in lower than expectations. Consumer sentiment unexpectedly fell.....daaaaah. Pre-election core inflation rate report good �..riiiiight�..but savings rate still negative and walmart sales/profits/outlook substantially below expectations but what the heck, they�re wallstreet lunatics/frauds and reality is no problem. Despite pre-election deficit spending, GNP comes in a less than expected paltry 1.6% increase with worthless falling dollar the catch-22 precluding reality avoidance and the worst yet to come. More nations leaving the worthless dollar as reserve currency even as frauds on wall street reach new highs (What are they smoking? Coking? or like the dollar just cracking) based on corporate welfare flows with money the nation doesn't have pre-election (record deficits). Housing prices continue their sharp decline as bubble deflates. GM only lost 115 million. Ford lost 5.8 billion and must restate earnings back to year 2000 is a bullish sign in the fraudulent alice-in-wonderland lunatic world of wall street. Typical pre-fed meeting rally to provide a cushion for any negative pronouncements which reality would require but are seldom forthcoming by the accommodative frauds who have similarly embraced unreality. Indeed, the gutless wimps of wall street think they're "tough" when they fraudulently take the market higher despite a clearly contrary fact based reality. Caterpillar relates the pervasive reality and the frauds on wallstreet intimidate same with sell off, ignoring pervasive options scandal/fraud and rallies Merck despite lower than expectation results.....riiiiight! Election year corporate welfare to prime the pump and the mock stock market with money the nation doesn�t have (increasing already huge deficits). CPI figures (upon which government inflation adjusted payment obligations are based) lower than expected�..riiiiight! Intel earnings/revenues down sharply but according to the lunatic frauds on wall street, beat expectations and stock rallies along with yahoo which as in the pre-dot com bust days says better days are a coming�.. riiiiight Core inflation rate which is closely watched by the Fed exceeds all expectations. Fraud Merrill Lynch has really been pushing and commissioning that worthless paper and reports record earnings, despite having produced nothing and for very little if any value added (that ill-gotten money has to come from somewhere-your pockets?). The big economic report awaiting scrutiny was the monthly trade deficit which was expected to narrow but in fact INCREASED to 69.9 billion. The alice-in-wonderland lunatic wall street frauds rallied on the news as the dollar precipitously fell. The Fed Chairman said there is a "substantial correction" in housing, which will probably shave about 1% off growth in the second half of the year. The Institute of Supply Management said its services index fell to 52.9 in September -- the lowest level since April 2003. Great News�.. riiiiight!..... Consumer Confidence Higher Than Expected... riiiiight!..... and housing starts were down sharply but not-as-bad-as-expectations game in play US Existing Home Sales Fall 0.5% in August; Sales Price Drops Existing-home prices fall for 1st time in 11 years along with fed jaw-boning pre-election that inflation has been licked .....riiiiight �..despite printing worthless dollars like they�re going out of style because they really are! Fed did nothing and stocks rallied, pre-election.....riiiiight! What about the reality of u.s. debt service at a record unsustainable $2 billion per day on a revolving $2 trillion charge account with ie., China, etc.. The fact that foreclosures are up and that there is projected new trade deficit record, fake government inflation numbers for election year purposes, housing starts down 6% means little to the alice-in-wonderland lunatic frauds of wall street and the so-called pundits including yahoo below. Almost all computerized volume is and must be considered heavy, manipulated, economically wasteful volume [stocks move contrary to rational analytical facts (ie., exceeded lowered expectations, things so bad interest rates can�t rise, exceeded expectations, no earnings but outlook extraordinary, the fed says booo as they print more worthless dollars to finance deficits, etc. ) is money in the bank for the frauds on wall street when they unwind said irrational positions ]. Philadelphia Federal Reserve announces that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, leading economic indicators fall .2%, and previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows with b**l s**t from Yahoo (which didn�t even reference the record unanticipated trade gap):

There is nothing to rationally justify the previous up move or mixed results in the market other than what is tantamount to a negative, and based upon spurious data from the government; ie., fake government numbers said total PPI rose a smaller than expected 0.1% (consensus 0.4%) in July, which was well below the 0.5% jump in June, while the more closely watched core rate (ex-food and energy) unexpectedly (RIIIIIGHT!) fell 0.3% (consensus +0.2%) -- the first decline since October and the largest drop since a 0.5% decline in April 2003. Home Sales Decline in 28 States, D.C.. Real estate prices down/stagnant. But housing stocks�..up.....riiiiight!.....in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down.� Martin Crutsinger, AP Economics Writer, previously wrote,� U.S. Trade Deficit Falls 0.3 Percent in June to $64.8B, Offsetting Jump in Chinese Imports. Dell Recall Stems From sony Production Flaw� WASHINGTON (AP) -- America's trade deficit showed a slight improvement as strong global growth pushed U.S. exports to a record level. That helped offset a surge in Chinese imports and record crude oil prices. The deficit declined 0.3 percent in June, compared with May, dropping to $64.8 billion, still the fifth largest imbalance on record, the Commerce Department reported Thursday. The deficit is running at an annual rate of $768 billion through the first six months of this year, putting the country on track to see a fifth straight record imbalance. Last year's deficit was $716.7 billion. Prior considerations remain apposite in this clearly overvalued market. The frauds on wall street feel compelled to continue their tradition/superstition/fraud tactic of buying on the rumor and selling on the news (fact) of the Fed�s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money.� Yahoo previously commented: Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance....., to which I responded, Wild..... I�ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported and will now join gm in worker buyouts; but both GM and Ford will now offer built-in ipods which should substantially help their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Analyst says GM good news now behind it (past/discounted), yet stock still rose upon said analysis �..riiiiight�.. daaaaah! Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal, maybe even suspension, that has cast a harsh light on Silicon Valley's compensation practices. Don�t forget that GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland lunatic world of wall street is of course good news. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid (approx.) 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it�s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very commissionable (investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $57; yes, as in the last crash, they will get fooled again� as stocks up sharply in the fraudulent alice-in-wonderland lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the pundits/analysts are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley (who also says that in Europe bush�s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the �better than expectations� game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. Spotlight on the Stock Option Scandal-The share prices of companies involved in stock options backdating have held up well compared to the broader market. But shareholders might be in for a rougher ride. Plus, why the Nasdaq has its hands full. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived pearl harbor effect)/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/ and the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what�s up is down and what�s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they�ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin� to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don�t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)

"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006

WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):

The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

(2-09-07) Late stages of waning full moon and the lunatics on wall street are still manic as lunatics suckers �bear market/higher oil prices/fake economic report/fed speak (b.s. contrary to bernanke testimony before congress owing to implicit threat of prosecution for false statements)� rally into the close fueled by b**l s**t alone to end modestly lower relative to reality to suck the suckers in; ie., as the Dow Jones industrial average down 56.80, S&P down 10.25, and NASDAQ down 28.85, all very commissionable on heavy volume, as in final pre-election result push for bush, which fell very short but has provided the same pump-priming of the market as most recently seen in 1999 which ended quite badly even without the exacerbating effects of huge unsustainable and debilitating debt/deficits deferring/delaying/prolonging the inevitable reality even as entire domestic u.s. industries are rendered what is tantamount to defunct and with corporate welfare unwisely spent (war crimes, etc.). HSBC Holdings, the world's third largest bank, warned that provisions for bad debt will be some 20% higher than previously thought. SEC launch of insider trading (pervasive on fraudulent wall street) probe just tip of the iceberg. Negative savings rate (highest since great depression), factory output down, home inventories highest since last crash, defaults up, gm and ford sales down 17% and 19%, deficits trade/budget, dollar down and going lower, january jobs data weaker than the consensus estimate and below the average gain of 153,000 per month for all of 2006 and viewed as bearish......but no problemo if you�re a lunatic fraud on wall street. Fake economic growth report from the administration. Mergers and acquisitions continue to cloud the picture facilitating the fraud. Having beat fraudulent alice-in-wonderland lunatic world of wall street expectations with Record Loss of $12.7 Billion, the rally in Ford�s stock continues..... riiiiight! Fake numbers also a plus. Ford Posts Record Loss of $12.7 Billion.....stock rallies on the news.....riiiiight! P/E ratios far beyond the mean particularly for this stage in the cycle for selected securities (ie., 80+, etc.). Higher oil prices and fake indicators report spark rally.....riiiiight! Report on leading economic indicators is delayed (very unusual unless you understand the greater complexity in fudging same.....not to worry, fans of frauds on wall street.....the lunatic frauds will also get their churn-and-earn commission dollars on the way down).Fed Chairman Bernanke begins to euphemistically discuss reality on capital hill. PAPER: Condo market in DC, Vegas, Miami and Boston has collapsed... Euro displaces dollar in bond markets...Higher oil prices and fake numbers spurs rally. More fake job numbers (at best, hamburger helpers, etc.). Yahoo profit falls 61% but rallies 6% on b**l s**t alone. Jawboning by kohn of print-those-worthless-dollars fed raises market.....riiiiight! The ism services index fell, but that was down from an unexpectedly and fake strong read a month earlier, manufacturing index up slightly to 51.4 (they must be counting hamburgers as manufactured goods in u.s......riiiiight!) but fed knows they�ve been printing worthless dollars like mad which of course is hyperinflationary and will come home to roost, along with huge debt/deficits, trade and budget, Stores Report Disappointing Dec. Sales, Gap Woes Deepen in Bleak Holiday Season. Ford and GM auto sales down 13%. More reports in defiance of reality, oil prices up, Dollar Slides...,every intelligent analyst/economist knows that the new home sales number from the government is a total lie that will be revised downward later, that the options scandals are pervasive in fraudulent america (100 investigations just tip of the iceberg), oil stocks continue to rally on lower oil prices, as previously on pipeline explosion in Nigeria, spill in Gulf, and sanctions for Iran, and sharp FALL in oil prices.....riiiiight!.....predictions of disappointing retail sales even with fire-sale discounted prices,..... Highest increase (2%) in 30 years for the wholesale price index, and as well, the core ppi (1.3%), GDP growth less than expected at 2%, dollar sharply lower, oil prices up, building permits down, all unexpectedly bad but great news in the fraudulent alice-in-wonderland lunatic world of wall street. New Record Quarterly Trade Deficit initially spurred lunatic market rally along with obfuscating but very commissionable merger activity. Core inflation a very unexpected unchanged .....riiiiight!.....spurs superstitious, devoid of reality, santa rally.� Investment Banks Post Record 2006 Profit .....daaaaah! Churning and earning on worthless paper, where is that commission dollar coming from even as america has ceded solvency/leadership in every economic measure. Even at the lofty record numbers the indices are worth roughly half their value based on precipitous fall of the dollar in only 5 years with further downside to go. Superstitious �Santa Claus rally�.....riiiiight! High oil price rally.....riiiiight!� Total� bulls**t ! Retail sales up a very unexpected 1%, riiiiight, at the same time inventories of such goods rising substantially (do you think they�re booking sales to �straw men/companies�.....I do!) and oil inventories down. Fake employment numbers (from the government.....riiiiight!) the impetus for previous b.s. rally despite falling sentiment and uptick in unemployment. The ism services index (financed by unsustainable deficit/debt spending and pushing/commissioning worthless paper) and jawboning/bulls**t from the housing industry (the end is near.....riiiiight!), obfuscating mergers continued to cloud the picture, closely-watched core-PCE deflator had risen a more than expected 0.2%, second sub-50 reading on manufacturing activity in as many sessions-the November ISM index unexpectedly fell to 49.5 (consensus 52.0), Chicago PMI fell to its lowest level (49.9%) in October, and below the 50 level, indicating contraction, crude prices up� (OIL PRICES RISE ABOVE $63 A BARREL...), DOLLAR RESUMES SLIDE, Fed Chairman Bernanke & Co. cheerleading/jawboning/bulls**t, 3.2% decline in new home sales, oil inventories down and oil prices up, oil producers shun the dollar, Russia and Opec shift revenues into euros, yen and sterling..., all very bad news anywhere but in the fraudulent alice-in-wonderland world of wall street. Durable goods orders fell sharply, sentiment down, but supposedly used home sales rose slightly (riiiiight.....who says; the realtors/government who have been talking up this bubble market?) albeit at sharply lower prices. DOLLAR PLUNGES TO NEAR 15-YEAR LOW� In other words, no good news to justify the ridiculous up move by the alice-in-wonderland frauds of wall street. Worthless dollar, triple deficits, stock/options scandals/corruption, as some speculate that fed is behind purchases/manipulation (through proxy) of worthless american paper now being shunned by more rational market players abroad.� MARKETS ROCKED BY LONG OVERDUE BUT STILL MODEST RELATIVE TO REALITY SHARP SLIDE IN DOLLAR...There has never been a time since 1929 when stock prices and p/e ratios were so irrationally high for this point in a bull cycle in this indisputable secular bear market, particularly with the existing unprecedented structural economic problems, ie., trade and budget deficits, worthless dollar, scandals, fraud, corruption , etc.. In fact, unemployment unexpectedly rose substantially and consumer sentiment unexpectedly but similarly realistically fell, both very negative exept in the� fraudulent alice-in-wonderland world of wall street. Indeed, the housing bubble bursting with ie., unexpected 14% decline in starts/permits, etc., led to rally in the fraudulent alice-in-wonderland world of wall street. Obfuscating mergers help preclude detection of this massive and pervasive fraud which defies analysis owing to these mergers. New talking pointing: dell numbers exceed expectations depending upon ongoing government scrutiny of their accounting practices.....riiiiight! More contrived manipulated markets and data well as that previous unexpected rise in that global hub of manufacturing activity, New York (worthless paper is their real product, etc.) �..riiiiight!�.. underpins fraudulent up move. Reassuring Fed speak, also known as b**l s**t, along with IPO�s (get the suckers in at the highs as in late 90�s market bubble), and shrugging off pervasive stock/options fraud as at, ie., KB Homes, etc., leave stocks ridiculously higher. Nations leaving the worthless dollar in droves for currencies backed by value and for precious metals. Based on the self-interested statement of typical fraud american and fed rep, we hear once again the wishful thought that housing has bottomed.....right! [Reality/Truth: US housing slump deepens, spreads]. Home depot rallies despite lower than expected results and lower guidance for the year.....right! Who is stupid enough to believe anything the fraudulent criminal americans say. They are printing worthless dollars like mad. Consumer sentiment actually previously fell and there was nothing but wall street lunacy to prop the fraudulent market. The republicans who lockstepped with war criminal dumbya bush deserved to lose. The frauds on wall street now looking for the new corporate welfare program for which to sell the sizzle ie., stem cells, etc.. The know-nothing pundits are now saying the up move without any rational basis is predicated upon the the falsity that gridlock in washington is welcomed and good because no regulation of, ie., fraud on wall street, etc., can be passed. How about a tax on stock trades to come directly from the traders' (traitors/frauds) bottom lines and provide a disincentive for the churn-and-earn fraud which is tantamount to a wasteful tax on the economy. Even token Christian paulison from jew fraud wall street couldn't stem the tide against the blatent zionist/neocon/bush co failure accross the board as the wall street frauds show record profits financed, albeit indirectly, by huge deficits, both trade and budget. Obfuscating mergers blur the picture to provide cover for up move talking points in defiance of reality.� Stagflation and full employment revisions pre-election.....riiiiight. Productivity comes in at a less than expected 0 (inflationary). The only surprise should have been that the number wasn't negative. The pundits are now saying that the market/wall street fraud is in a state of denial regarding economic fundamentals and that the market is substantially overbought, overvalued, overfrauded, over, etc., the manufacturing index coming in lower than expectations. Consumer sentiment unexpectedly fell.....daaaaah. Pre-election core inflation rate report good �..riiiiight�..but savings rate still negative and walmart sales/profits/outlook substantially below expectations but what the heck, they�re wallstreet lunatics/frauds and reality is no problem. Despite pre-election deficit spending, GNP comes in a less than expected paltry 1.6% increase with worthless falling dollar the catch-22 precluding reality avoidance and the worst yet to come. More nations leaving the worthless dollar as reserve currency even as frauds on wall street reach new highs (What are they smoking? Coking? or like the dollar just cracking) based on corporate welfare flows with money the nation doesn't have pre-election (record deficits). Housing prices continue their sharp decline as bubble deflates. GM only lost 115 million. Ford lost 5.8 billion and must restate earnings back to year 2000 is a bullish sign in the fraudulent alice-in-wonderland lunatic world of wall street. Typical pre-fed meeting rally to provide a cushion for any negative pronouncements which reality would require but are seldom forthcoming by the accommodative frauds who have similarly embraced unreality. Indeed, the gutless wimps of wall street think they're "tough" when they fraudulently take the market higher despite a clearly contrary fact based reality. Caterpillar relates the pervasive reality and the frauds on wallstreet intimidate same with sell off, ignoring pervasive options scandal/fraud and rallies Merck despite lower than expectation results.....riiiiight! Election year corporate welfare to prime the pump and the mock stock market with money the nation doesn�t have (increasing already huge deficits). CPI figures (upon which government inflation adjusted payment obligations are based) lower than expected�..riiiiight! Intel earnings/revenues down sharply but according to the lunatic frauds on wall street, beat expectations and stock rallies along with yahoo which as in the pre-dot com bust days says better days are a coming�.. riiiiight Core inflation rate which is closely watched by the Fed exceeds all expectations. Fraud Merrill Lynch has really been pushing and commissioning that worthless paper and reports record earnings, despite having produced nothing and for very little if any value added (that ill-gotten money has to come from somewhere-your pockets?). The big economic report awaiting scrutiny was the monthly trade deficit which was expected to narrow but in fact INCREASED to 69.9 billion. The alice-in-wonderland lunatic wall street frauds rallied on the news as the dollar precipitously fell. The Fed Chairman said there is a "substantial correction" in housing, which will probably shave about 1% off growth in the second half of the year. The Institute of Supply Management said its services index fell to 52.9 in September -- the lowest level since April 2003. Great News�.. riiiiight!..... Consumer Confidence Higher Than Expected... riiiiight!..... and housing starts were down sharply but not-as-bad-as-expectations game in play US Existing Home Sales Fall 0.5% in August; Sales Price Drops Existing-home prices fall for 1st time in 11 years along with fed jaw-boning pre-election that inflation has been licked .....riiiiight �..despite printing worthless dollars like they�re going out of style because they really are! Fed did nothing and stocks rallied, pre-election.....riiiiight! What about the reality of u.s. debt service at a record unsustainable $2 billion per day on a revolving $2 trillion charge account with ie., China, etc.. The fact that foreclosures are up and that there is projected new trade deficit record, fake government inflation numbers for election year purposes, housing starts down 6% means little to the alice-in-wonderland lunatic frauds of wall street and the so-called pundits including yahoo below. Almost all computerized volume is and must be considered heavy, manipulated, economically wasteful volume [stocks move contrary to rational analytical facts (ie., exceeded lowered expectations, things so bad interest rates can�t rise, exceeded expectations, no earnings but outlook extraordinary, the fed says booo as they print more worthless dollars to finance deficits, etc. ) is money in the bank for the frauds on wall street when they unwind said irrational positions ]. Philadelphia Federal Reserve announces that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, leading economic indicators fall .2%, and previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows with b**l s**t from Yahoo (which didn�t even reference the record unanticipated trade gap):

There is nothing to rationally justify the previous up move or mixed results in the market other than what is tantamount to a negative, and based upon spurious data from the government; ie., fake government numbers said total PPI rose a smaller than expected 0.1% (consensus 0.4%) in July, which was well below the 0.5% jump in June, while the more closely watched core rate (ex-food and energy) unexpectedly (RIIIIIGHT!) fell 0.3% (consensus +0.2%) -- the first decline since October and the largest drop since a 0.5% decline in April 2003. Home Sales Decline in 28 States, D.C.. Real estate prices down/stagnant. But housing stocks�..up.....riiiiight!.....in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down.� Martin Crutsinger, AP Economics Writer, previously wrote,� U.S. Trade Deficit Falls 0.3 Percent in June to $64.8B, Offsetting Jump in Chinese Imports. Dell Recall Stems From sony Production Flaw� WASHINGTON (AP) -- America's trade deficit showed a slight improvement as strong global growth pushed U.S. exports to a record level. That helped offset a surge in Chinese imports and record crude oil prices. The deficit declined 0.3 percent in June, compared with May, dropping to $64.8 billion, still the fifth largest imbalance on record, the Commerce Department reported Thursday. The deficit is running at an annual rate of $768 billion through the first six months of this year, putting the country on track to see a fifth straight record imbalance. Last year's deficit was $716.7 billion. Prior considerations remain apposite in this clearly overvalued market. The frauds on wall street feel compelled to continue their tradition/superstition/fraud tactic of buying on the rumor and selling on the news (fact) of the Fed�s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money.� Yahoo previously commented: Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance....., to which I responded, Wild..... I�ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported and will now join gm in worker buyouts; but both GM and Ford will now offer built-in ipods which should substantially help their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Analyst says GM good news now behind it (past/discounted), yet stock still rose upon said analysis �..riiiiight�.. daaaaah! Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal, maybe even suspension, that has cast a harsh light on Silicon Valley's compensation practices. Don�t forget that GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland lunatic world of wall street is of course good news. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid (approx.) 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it�s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very commissionable (investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $59; yes, as in the last crash, they will get fooled again� as stocks up sharply in the fraudulent alice-in-wonderland lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the pundits/analysts are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley (who also says that in Europe bush�s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the �better than expectations� game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. Spotlight on the Stock Option Scandal-The share prices of companies involved in stock options backdating have held up well compared to the broader market. But shareholders might be in for a rougher ride. Plus, why the Nasdaq has its hands full. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived pearl harbor effect)/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/ and the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what�s up is down and what�s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they�ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin� to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don�t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)

"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006

WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):

The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

(2-08-07) Late stages of waning full moon and the lunatics on wall street are still manic as lunatics suckers �bear market/higher oil prices/fake economic report/fed speak (b.s. contrary to bernanke testimony before congress owing to implicit threat of prosecution for false statements)� rally into the close fueled by b**l s**t alone to end modestly lower relative to reality to suck the suckers in; ie., as the Dow Jones industrial average down 29.24, S&P down 1.71, and NASDAQ down 1.83, all very commissionable on heavy volume, as in final pre-election result push for bush, which fell very short but has provided the same pump-priming of the market as most recently seen in 1999 which ended quite badly even without the exacerbating effects of huge unsustainable and debilitating debt/deficits deferring/delaying/prolonging the inevitable reality even as entire domestic u.s. industries are rendered what is tantamount to defunct and with corporate welfare unwisely spent (war crimes, etc.). HSBC Holdings, the world's third largest bank, warned that provisions for bad debt will be some 20% higher than previously thought. SEC launch of insider trading (pervasive on fraudulent wall street) probe just tip of the iceberg. Negative savings rate (highest since great depression), factory output down, home inventories highest since last crash, defaults up, gm and ford sales down 17% and 19%, deficits trade/budget, dollar down and going lower, january jobs data weaker than the consensus estimate and below the average gain of 153,000 per month for all of 2006 and viewed as bearish......but no problemo if you�re a lunatic fraud on wall street. Fake economic growth report from the administration. Mergers and acquisitions continue to cloud the picture facilitating the fraud. Having beat fraudulent alice-in-wonderland lunatic world of wall street expectations with Record Loss of $12.7 Billion, the rally in Ford�s stock continues..... riiiiight! Fake numbers also a plus. Ford Posts Record Loss of $12.7 Billion.....stock rallies on the news.....riiiiight! P/E ratios far beyond the mean particularly for this stage in the cycle for selected securities (ie., 80+, etc.). Higher oil prices and fake indicators report spark rally.....riiiiight! Report on leading economic indicators is delayed (very unusual unless you understand the greater complexity in fudging same.....not to worry, fans of frauds on wall street.....the lunatic frauds will also get their churn-and-earn commission dollars on the way down).Fed Chairman Bernanke begins to euphemistically discuss reality on capital hill. PAPER: Condo market in DC, Vegas, Miami and Boston has collapsed... Euro displaces dollar in bond markets...Higher oil prices and fake numbers spurs rally. More fake job numbers (at best, hamburger helpers, etc.). Yahoo profit falls 61% but rallies 6% on b**l s**t alone. Jawboning by kohn of print-those-worthless-dollars fed raises market.....riiiiight! The ism services index fell, but that was down from an unexpectedly and fake strong read a month earlier, manufacturing index up slightly to 51.4 (they must be counting hamburgers as manufactured goods in u.s......riiiiight!) but fed knows they�ve been printing worthless dollars like mad which of course is hyperinflationary and will come home to roost, along with huge debt/deficits, trade and budget, Stores Report Disappointing Dec. Sales, Gap Woes Deepen in Bleak Holiday Season. Ford and GM auto sales down 13%. More reports in defiance of reality, oil prices up, Dollar Slides...,every intelligent analyst/economist knows that the new home sales number from the government is a total lie that will be revised downward later, that the options scandals are pervasive in fraudulent america (100 investigations just tip of the iceberg), oil stocks continue to rally on lower oil prices, as previously on pipeline explosion in Nigeria, spill in Gulf, and sanctions for Iran, and sharp FALL in oil prices.....riiiiight!.....predictions of disappointing retail sales even with fire-sale discounted prices,..... Highest increase (2%) in 30 years for the wholesale price index, and as well, the core ppi (1.3%), GDP growth less than expected at 2%, dollar sharply lower, oil prices up, building permits down, all unexpectedly bad but great news in the fraudulent alice-in-wonderland lunatic world of wall street. New Record Quarterly Trade Deficit initially spurred lunatic market rally along with obfuscating but very commissionable merger activity. Core inflation a very unexpected unchanged .....riiiiight!.....spurs superstitious, devoid of reality, santa rally.� Investment Banks Post Record 2006 Profit .....daaaaah! Churning and earning on worthless paper, where is that commission dollar coming from even as america has ceded solvency/leadership in every economic measure. Even at the lofty record numbers the indices are worth roughly half their value based on precipitous fall of the dollar in only 5 years with further downside to go. Superstitious �Santa Claus rally�.....riiiiight! High oil price rally.....riiiiight!� Total� bulls**t ! Retail sales up a very unexpected 1%, riiiiight, at the same time inventories of such goods rising substantially (do you think they�re booking sales to �straw men/companies�.....I do!) and oil inventories down. Fake employment numbers (from the government.....riiiiight!) the impetus for previous b.s. rally despite falling sentiment and uptick in unemployment. The ism services index (financed by unsustainable deficit/debt spending and pushing/commissioning worthless paper) and jawboning/bulls**t from the housing industry (the end is near.....riiiiight!), obfuscating mergers continued to cloud the picture, closely-watched core-PCE deflator had risen a more than expected 0.2%, second sub-50 reading on manufacturing activity in as many sessions-the November ISM index unexpectedly fell to 49.5 (consensus 52.0), Chicago PMI fell to its lowest level (49.9%) in October, and below the 50 level, indicating contraction, crude prices up� (OIL PRICES RISE ABOVE $63 A BARREL...), DOLLAR RESUMES SLIDE, Fed Chairman Bernanke & Co. cheerleading/jawboning/bulls**t, 3.2% decline in new home sales, oil inventories down and oil prices up, oil producers shun the dollar, Russia and Opec shift revenues into euros, yen and sterling..., all very bad news anywhere but in the fraudulent alice-in-wonderland world of wall street. Durable goods orders fell sharply, sentiment down, but supposedly used home sales rose slightly (riiiiight.....who says; the realtors/government who have been talking up this bubble market?) albeit at sharply lower prices. DOLLAR PLUNGES TO NEAR 15-YEAR LOW� In other words, no good news to justify the ridiculous up move by the alice-in-wonderland frauds of wall street. Worthless dollar, triple deficits, stock/options scandals/corruption, as some speculate that fed is behind purchases/manipulation (through proxy) of worthless american paper now being shunned by more rational market players abroad.� MARKETS ROCKED BY LONG OVERDUE BUT STILL MODEST RELATIVE TO REALITY SHARP SLIDE IN DOLLAR...There has never been a time since 1929 when stock prices and p/e ratios were so irrationally high for this point in a bull cycle in this indisputable secular bear market, particularly with the existing unprecedented structural economic problems, ie., trade and budget deficits, worthless dollar, scandals, fraud, corruption , etc.. In fact, unemployment unexpectedly rose substantially and consumer sentiment unexpectedly but similarly realistically fell, both very negative exept in the� fraudulent alice-in-wonderland world of wall street. Indeed, the housing bubble bursting with ie., unexpected 14% decline in starts/permits, etc., led to rally in the fraudulent alice-in-wonderland world of wall street. Obfuscating mergers help preclude detection of this massive and pervasive fraud which defies analysis owing to these mergers. New talking pointing: dell numbers exceed expectations depending upon ongoing government scrutiny of their accounting practices.....riiiiight! More contrived manipulated markets and data well as that previous unexpected rise in that global hub of manufacturing activity, New York (worthless paper is their real product, etc.) �..riiiiight!�.. underpins fraudulent up move. Reassuring Fed speak, also known as b**l s**t, along with IPO�s (get the suckers in at the highs as in late 90�s market bubble), and shrugging off pervasive stock/options fraud as at, ie., KB Homes, etc., leave stocks ridiculously higher. Nations leaving the worthless dollar in droves for currencies backed by value and for precious metals. Based on the self-interested statement of typical fraud american and fed rep, we hear once again the wishful thought that housing has bottomed.....right! [Reality/Truth: US housing slump deepens, spreads]. Home depot rallies despite lower than expected results and lower guidance for the year.....right! Who is stupid enough to believe anything the fraudulent criminal americans say. They are printing worthless dollars like mad. Consumer sentiment actually previously fell and there was nothing but wall street lunacy to prop the fraudulent market. The republicans who lockstepped with war criminal dumbya bush deserved to lose. The frauds on wall street now looking for the new corporate welfare program for which to sell the sizzle ie., stem cells, etc.. The know-nothing pundits are now saying the up move without any rational basis is predicated upon the the falsity that gridlock in washington is welcomed and good because no regulation of, ie., fraud on wall street, etc., can be passed. How about a tax on stock trades to come directly from the traders' (traitors/frauds) bottom lines and provide a disincentive for the churn-and-earn fraud which is tantamount to a wasteful tax on the economy. Even token Christian paulison from jew fraud wall street couldn't stem the tide against the blatent zionist/neocon/bush co failure accross the board as the wall street frauds show record profits financed, albeit indirectly, by huge deficits, both trade and budget. Obfuscating mergers blur the picture to provide cover for up move talking points in defiance of reality.� Stagflation and full employment revisions pre-election.....riiiiight. Productivity comes in at a less than expected 0 (inflationary). The only surprise should have been that the number wasn't negative. The pundits are now saying that the market/wall street fraud is in a state of denial regarding economic fundamentals and that the market is substantially overbought, overvalued, overfrauded, over, etc., the manufacturing index coming in lower than expectations. Consumer sentiment unexpectedly fell.....daaaaah. Pre-election core inflation rate report good �..riiiiight�..but savings rate still negative and walmart sales/profits/outlook substantially below expectations but what the heck, they�re wallstreet lunatics/frauds and reality is no problem. Despite pre-election deficit spending, GNP comes in a less than expected paltry 1.6% increase with worthless falling dollar the catch-22 precluding reality avoidance and the worst yet to come. More nations leaving the worthless dollar as reserve currency even as frauds on wall street reach new highs (What are they smoking? Coking? or like the dollar just cracking) based on corporate welfare flows with money the nation doesn't have pre-election (record deficits). Housing prices continue their sharp decline as bubble deflates. GM only lost 115 million. Ford lost 5.8 billion and must restate earnings back to year 2000 is a bullish sign in the fraudulent alice-in-wonderland lunatic world of wall street. Typical pre-fed meeting rally to provide a cushion for any negative pronouncements which reality would require but are seldom forthcoming by the accommodative frauds who have similarly embraced unreality. Indeed, the gutless wimps of wall street think they're "tough" when they fraudulently take the market higher despite a clearly contrary fact based reality. Caterpillar relates the pervasive reality and the frauds on wallstreet intimidate same with sell off, ignoring pervasive options scandal/fraud and rallies Merck despite lower than expectation results.....riiiiight! Election year corporate welfare to prime the pump and the mock stock market with money the nation doesn�t have (increasing already huge deficits). CPI figures (upon which government inflation adjusted payment obligations are based) lower than expected�..riiiiight! Intel earnings/revenues down sharply but according to the lunatic frauds on wall street, beat expectations and stock rallies along with yahoo which as in the pre-dot com bust days says better days are a coming�.. riiiiight Core inflation rate which is closely watched by the Fed exceeds all expectations. Fraud Merrill Lynch has really been pushing and commissioning that worthless paper and reports record earnings, despite having produced nothing and for very little if any value added (that ill-gotten money has to come from somewhere-your pockets?). The big economic report awaiting scrutiny was the monthly trade deficit which was expected to narrow but in fact INCREASED to 69.9 billion. The alice-in-wonderland lunatic wall street frauds rallied on the news as the dollar precipitously fell. The Fed Chairman said there is a "substantial correction" in housing, which will probably shave about 1% off growth in the second half of the year. The Institute of Supply Management said its services index fell to 52.9 in September -- the lowest level since April 2003. Great News�.. riiiiight!..... Consumer Confidence Higher Than Expected... riiiiight!..... and housing starts were down sharply but not-as-bad-as-expectations game in play US Existing Home Sales Fall 0.5% in August; Sales Price Drops Existing-home prices fall for 1st time in 11 years along with fed jaw-boning pre-election that inflation has been licked .....riiiiight �..despite printing worthless dollars like they�re going out of style because they really are! Fed did nothing and stocks rallied, pre-election.....riiiiight! What about the reality of u.s. debt service at a record unsustainable $2 billion per day on a revolving $2 trillion charge account with ie., China, etc.. The fact that foreclosures are up and that there is projected new trade deficit record, fake government inflation numbers for election year purposes, housing starts down 6% means little to the alice-in-wonderland lunatic frauds of wall street and the so-called pundits including yahoo below. Almost all computerized volume is and must be considered heavy, manipulated, economically wasteful volume [stocks move contrary to rational analytical facts (ie., exceeded lowered expectations, things so bad interest rates can�t rise, exceeded expectations, no earnings but outlook extraordinary, the fed says booo as they print more worthless dollars to finance deficits, etc. ) is money in the bank for the frauds on wall street when they unwind said irrational positions ]. Philadelphia Federal Reserve announces that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, leading economic indicators fall .2%, and previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows with b**l s**t from Yahoo (which didn�t even reference the record unanticipated trade gap):

There is nothing to rationally justify the previous up move or mixed results in the market other than what is tantamount to a negative, and based upon spurious data from the government; ie., fake government numbers said total PPI rose a smaller than expected 0.1% (consensus 0.4%) in July, which was well below the 0.5% jump in June, while the more closely watched core rate (ex-food and energy) unexpectedly (RIIIIIGHT!) fell 0.3% (consensus +0.2%) -- the first decline since October and the largest drop since a 0.5% decline in April 2003. Home Sales Decline in 28 States, D.C.. Real estate prices down/stagnant. But housing stocks�..up.....riiiiight!.....in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down.� Martin Crutsinger, AP Economics Writer, previously wrote,� U.S. Trade Deficit Falls 0.3 Percent in June to $64.8B, Offsetting Jump in Chinese Imports. Dell Recall Stems From sony Production Flaw� WASHINGTON (AP) -- America's trade deficit showed a slight improvement as strong global growth pushed U.S. exports to a record level. That helped offset a surge in Chinese imports and record crude oil prices. The deficit declined 0.3 percent in June, compared with May, dropping to $64.8 billion, still the fifth largest imbalance on record, the Commerce Department reported Thursday. The deficit is running at an annual rate of $768 billion through the first six months of this year, putting the country on track to see a fifth straight record imbalance. Last year's deficit was $716.7 billion. Prior considerations remain apposite in this clearly overvalued market. The frauds on wall street feel compelled to continue their tradition/superstition/fraud tactic of buying on the rumor and selling on the news (fact) of the Fed�s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money.� Yahoo previously commented: Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance....., to which I responded, Wild..... I�ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported and will now join gm in worker buyouts; but both GM and Ford will now offer built-in ipods which should substantially help their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Analyst says GM good news now behind it (past/discounted), yet stock still rose upon said analysis �..riiiiight�.. daaaaah! Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal, maybe even suspension, that has cast a harsh light on Silicon Valley's compensation practices. Don�t forget that GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland lunatic world of wall street is of course good news. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid (approx.) 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it�s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very commissionable (investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $59; yes, as in the last crash, they will get fooled again� as stocks up sharply in the fraudulent alice-in-wonderland lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the pundits/analysts are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley (who also says that in Europe bush�s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the �better than expectations� game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. Spotlight on the Stock Option Scandal-The share prices of companies involved in stock options backdating have held up well compared to the broader market. But shareholders might be in for a rougher ride. Plus, why the Nasdaq has its hands full. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived pearl harbor effect)/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/ and the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what�s up is down and what�s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they�ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin� to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don�t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)

"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006

WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):

The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

(2-07-07) Late stages of waning full moon and the lunatics on wall street are still manic as lunatics suckers �bear market/higher oil prices/fake economic report/fed speak (b.s. contrary to bernanke testimony before congress owing to implicit threat of prosecution for false statements)� rally fueled by b**l s**t alone continues to suck the suckers in; ie., as the Dow Jones industrial average up .56, S&P up 2.02, and NASDAQ up 19.01, all very commissionable on heavy volume, as in final pre-election result push for bush, which fell very short but has provided the same pump-priming of the market as most recently seen in 1999 which ended quite badly even without the exacerbating effects of huge unsustainable and debilitating debt/deficits deferring/delaying/prolonging the inevitable reality even as entire domestic u.s. industries are rendered what is tantamount to defunct and with corporate welfare unwisely spent (war crimes, etc.). SEC launch of insider trading (pervasive on fraudulent wall street) probe just tip of the iceberg. Negative savings rate (highest since great depression), factory output down, home inventories highest since last crash, defaults up, deficits trade/budget, gm and ford sales down 17% and 19%, dollar down and going lower, january jobs data weaker than the consensus estimate and below the average gain of 153,000 per month for all of 2006 and viewed as bearish......but no problemo if you�re a lunatic fraud on wall street. Fake economic growth report from the administration. Mergers and acquisitions continue to cloud the picture facilitating the fraud. Having beat fraudulent alice-in-wonderland lunatic world of wall street expectations with Record Loss of $12.7 Billion, the rally in Ford�s stock continues..... riiiiight! Fake numbers also a plus. Ford Posts Record Loss of $12.7 Billion.....stock rallies on the news.....riiiiight! P/E ratios far beyond the mean particularly for this stage in the cycle for selected securities (ie., 80+, etc.). Higher oil prices and fake indicators report spark rally.....riiiiight! Report on leading economic indicators is delayed (very unusual unless you understand the greater complexity in fudging same.....not to worry, fans of frauds on wall street.....the lunatic frauds will also get their churn-and-earn commission dollars on the way down).Fed Chairman Bernanke begins to euphemistically discuss reality on capital hill. PAPER: Condo market in DC, Vegas, Miami and Boston has collapsed... Euro displaces dollar in bond markets...Higher oil prices and fake numbers spurs rally. More fake job numbers (at best, hamburger helpers, etc.). Yahoo profit falls 61% but rallies 6% on b**l s**t alone. Jawboning by kohn of print-those-worthless-dollars fed raises market.....riiiiight! The ism services index fell, but that was down from an unexpectedly and fake strong read a month earlier, manufacturing index up slightly to 51.4 (they must be counting hamburgers as manufactured goods in u.s......riiiiight!) but fed knows they�ve been printing worthless dollars like mad which of course is hyperinflationary and will come home to roost, along with huge debt/deficits, trade and budget, Stores Report Disappointing Dec. Sales, Gap Woes Deepen in Bleak Holiday Season. Ford and GM auto sales down 13%. More reports in defiance of reality, oil prices up, Dollar Slides...,every intelligent analyst/economist knows that the new home sales number from the government is a total lie that will be revised downward later, that the options scandals are pervasive in fraudulent america (100 investigations just tip of the iceberg), oil stocks continue to rally on lower oil prices, as previously on pipeline explosion in Nigeria, spill in Gulf, and sanctions for Iran, and sharp FALL in oil prices.....riiiiight!.....predictions of disappointing retail sales even with fire-sale discounted prices,..... Highest increase (2%) in 30 years for the wholesale price index, and as well, the core ppi (1.3%), GDP growth less than expected at 2%, dollar sharply lower, oil prices up, building permits down, all unexpectedly bad but great news in the fraudulent alice-in-wonderland lunatic world of wall street. New Record Quarterly Trade Deficit initially spurred lunatic market rally along with obfuscating but very commissionable merger activity. Core inflation a very unexpected unchanged .....riiiiight!.....spurs superstitious, devoid of reality, santa rally.� Investment Banks Post Record 2006 Profit .....daaaaah! Churning and earning on worthless paper, where is that commission dollar coming from even as america has ceded solvency/leadership in every economic measure. Even at the lofty record numbers the indices are worth roughly half their value based on precipitous fall of the dollar in only 5 years with further downside to go. Superstitious �Santa Claus rally�.....riiiiight! High oil price rally.....riiiiight!� Total� bulls**t ! Retail sales up a very unexpected 1%, riiiiight, at the same time inventories of such goods rising substantially (do you think they�re booking sales to �straw men/companies�.....I do!) and oil inventories down. Fake employment numbers (from the government.....riiiiight!) the impetus for previous b.s. rally despite falling sentiment and uptick in unemployment. The ism services index (financed by unsustainable deficit/debt spending and pushing/commissioning worthless paper) and jawboning/bulls**t from the housing industry (the end is near.....riiiiight!), obfuscating mergers continued to cloud the picture, closely-watched core-PCE deflator had risen a more than expected 0.2%, second sub-50 reading on manufacturing activity in as many sessions-the November ISM index unexpectedly fell to 49.5 (consensus 52.0), Chicago PMI fell to its lowest level (49.9%) in October, and below the 50 level, indicating contraction, crude prices up� (OIL PRICES RISE ABOVE $63 A BARREL...), DOLLAR RESUMES SLIDE, Fed Chairman Bernanke & Co. cheerleading/jawboning/bulls**t, 3.2% decline in new home sales, oil inventories down and oil prices up, oil producers shun the dollar, Russia and Opec shift revenues into euros, yen and sterling..., all very bad news anywhere but in the fraudulent alice-in-wonderland world of wall street. Durable goods orders fell sharply, sentiment down, but supposedly used home sales rose slightly (riiiiight.....who says; the realtors/government who have been talking up this bubble market?) albeit at sharply lower prices. DOLLAR PLUNGES TO NEAR 15-YEAR LOW� In other words, no good news to justify the ridiculous up move by the alice-in-wonderland frauds of wall street. Worthless dollar, triple deficits, stock/options scandals/corruption, as some speculate that fed is behind purchases/manipulation (through proxy) of worthless american paper now being shunned by more rational market players abroad.� MARKETS ROCKED BY LONG OVERDUE BUT STILL MODEST RELATIVE TO REALITY SHARP SLIDE IN DOLLAR...There has never been a time since 1929 when stock prices and p/e ratios were so irrationally high for this point in a bull cycle in this indisputable secular bear market, particularly with the existing unprecedented structural economic problems, ie., trade and budget deficits, worthless dollar, scandals, fraud, corruption , etc.. In fact, unemployment unexpectedly rose substantially and consumer sentiment unexpectedly but similarly realistically fell, both very negative exept in the� fraudulent alice-in-wonderland world of wall street. Indeed, the housing bubble bursting with ie., unexpected 14% decline in starts/permits, etc., led to rally in the fraudulent alice-in-wonderland world of wall street. Obfuscating mergers help preclude detection of this massive and pervasive fraud which defies analysis owing to these mergers. New talking pointing: dell numbers exceed expectations depending upon ongoing government scrutiny of their accounting practices.....riiiiight! More contrived manipulated markets and data well as that previous unexpected rise in that global hub of manufacturing activity, New York (worthless paper is their real product, etc.) �..riiiiight!�.. underpins fraudulent up move. Reassuring Fed speak, also known as b**l s**t, along with IPO�s (get the suckers in at the highs as in late 90�s market bubble), and shrugging off pervasive stock/options fraud as at, ie., KB Homes, etc., leave stocks ridiculously higher. Nations leaving the worthless dollar in droves for currencies backed by value and for precious metals. Based on the self-interested statement of typical fraud american and fed rep, we hear once again the wishful thought that housing has bottomed.....right! [Reality/Truth: US housing slump deepens, spreads]. Home depot rallies despite lower than expected results and lower guidance for the year.....right! Who is stupid enough to believe anything the fraudulent criminal americans say. They are printing worthless dollars like mad. Consumer sentiment actually previously fell and there was nothing but wall street lunacy to prop the fraudulent market. The republicans who lockstepped with war criminal dumbya bush deserved to lose. The frauds on wall street now looking for the new corporate welfare program for which to sell the sizzle ie., stem cells, etc.. The know-nothing pundits are now saying the up move without any rational basis is predicated upon the the falsity that gridlock in washington is welcomed and good because no regulation of, ie., fraud on wall street, etc., can be passed. How about a tax on stock trades to come directly from the traders' (traitors/frauds) bottom lines and provide a disincentive for the churn-and-earn fraud which is tantamount to a wasteful tax on the economy. Even token Christian paulison from jew fraud wall street couldn't stem the tide against the blatent zionist/neocon/bush co failure accross the board as the wall street frauds show record profits financed, albeit indirectly, by huge deficits, both trade and budget. Obfuscating mergers blur the picture to provide cover for up move talking points in defiance of reality.� Stagflation and full employment revisions pre-election.....riiiiight. Productivity comes in at a less than expected 0 (inflationary). The only surprise should have been that the number wasn't negative. The pundits are now saying that the market/wall street fraud is in a state of denial regarding economic fundamentals and that the market is substantially overbought, overvalued, overfrauded, over, etc., the manufacturing index coming in lower than expectations. Consumer sentiment unexpectedly fell.....daaaaah. Pre-election core inflation rate report good �..riiiiight�..but savings rate still negative and walmart sales/profits/outlook substantially below expectations but what the heck, they�re wallstreet lunatics/frauds and reality is no problem. Despite pre-election deficit spending, GNP comes in a less than expected paltry 1.6% increase with worthless falling dollar the catch-22 precluding reality avoidance and the worst yet to come. More nations leaving the worthless dollar as reserve currency even as frauds on wall street reach new highs (What are they smoking? Coking? or like the dollar just cracking) based on corporate welfare flows with money the nation doesn't have pre-election (record deficits). Housing prices continue their sharp decline as bubble deflates. GM only lost 115 million. Ford lost 5.8 billion and must restate earnings back to year 2000 is a bullish sign in the fraudulent alice-in-wonderland lunatic world of wall street. Typical pre-fed meeting rally to provide a cushion for any negative pronouncements which reality would require but are seldom forthcoming by the accommodative frauds who have similarly embraced unreality. Indeed, the gutless wimps of wall street think they're "tough" when they fraudulently take the market higher despite a clearly contrary fact based reality. Caterpillar relates the pervasive reality and the frauds on wallstreet intimidate same with sell off, ignoring pervasive options scandal/fraud and rallies Merck despite lower than expectation results.....riiiiight! Election year corporate welfare to prime the pump and the mock stock market with money the nation doesn�t have (increasing already huge deficits). CPI figures (upon which government inflation adjusted payment obligations are based) lower than expected�..riiiiight! Intel earnings/revenues down sharply but according to the lunatic frauds on wall street, beat expectations and stock rallies along with yahoo which as in the pre-dot com bust days says better days are a coming�.. riiiiight Core inflation rate which is closely watched by the Fed exceeds all expectations. Fraud Merrill Lynch has really been pushing and commissioning that worthless paper and reports record earnings, despite having produced nothing and for very little if any value added (that ill-gotten money has to come from somewhere-your pockets?). The big economic report awaiting scrutiny was the monthly trade deficit which was expected to narrow but in fact INCREASED to 69.9 billion. The alice-in-wonderland lunatic wall street frauds rallied on the news as the dollar precipitously fell. The Fed Chairman said there is a "substantial correction" in housing, which will probably shave about 1% off growth in the second half of the year. The Institute of Supply Management said its services index fell to 52.9 in September -- the lowest level since April 2003. Great News�.. riiiiight!..... Consumer Confidence Higher Than Expected... riiiiight!..... and housing starts were down sharply but not-as-bad-as-expectations game in play US Existing Home Sales Fall 0.5% in August; Sales Price Drops Existing-home prices fall for 1st time in 11 years along with fed jaw-boning pre-election that inflation has been licked .....riiiiight �..despite printing worthless dollars like they�re going out of style because they really are! Fed did nothing and stocks rallied, pre-election.....riiiiight! What about the reality of u.s. debt service at a record unsustainable $2 billion per day on a revolving $2 trillion charge account with ie., China, etc.. The fact that foreclosures are up and that there is projected new trade deficit record, fake government inflation numbers for election year purposes, housing starts down 6% means little to the alice-in-wonderland lunatic frauds of wall street and the so-called pundits including yahoo below. Almost all computerized volume is and must be considered heavy, manipulated, economically wasteful volume [stocks move contrary to rational analytical facts (ie., exceeded lowered expectations, things so bad interest rates can�t rise, exceeded expectations, no earnings but outlook extraordinary, the fed says booo as they print more worthless dollars to finance deficits, etc. ) is money in the bank for the frauds on wall street when they unwind said irrational positions ]. Philadelphia Federal Reserve announces that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, leading economic indicators fall .2%, and previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows with b**l s**t from Yahoo (which didn�t even reference the record unanticipated trade gap):

There is nothing to rationally justify the previous up move or mixed results in the market other than what is tantamount to a negative, and based upon spurious data from the government; ie., fake government numbers said total PPI rose a smaller than expected 0.1% (consensus 0.4%) in July, which was well below the 0.5% jump in June, while the more closely watched core rate (ex-food and energy) unexpectedly (RIIIIIGHT!) fell 0.3% (consensus +0.2%) -- the first decline since October and the largest drop since a 0.5% decline in April 2003. Home Sales Decline in 28 States, D.C.. Real estate prices down/stagnant. But housing stocks�..up.....riiiiight!.....in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down.� Martin Crutsinger, AP Economics Writer, previously wrote,� U.S. Trade Deficit Falls 0.3 Percent in June to $64.8B, Offsetting Jump in Chinese Imports. Dell Recall Stems From sony Production Flaw� WASHINGTON (AP) -- America's trade deficit showed a slight improvement as strong global growth pushed U.S. exports to a record level. That helped offset a surge in Chinese imports and record crude oil prices. The deficit declined 0.3 percent in June, compared with May, dropping to $64.8 billion, still the fifth largest imbalance on record, the Commerce Department reported Thursday. The deficit is running at an annual rate of $768 billion through the first six months of this year, putting the country on track to see a fifth straight record imbalance. Last year's deficit was $716.7 billion. Prior considerations remain apposite in this clearly overvalued market. The frauds on wall street feel compelled to continue their tradition/superstition/fraud tactic of buying on the rumor and selling on the news (fact) of the Fed�s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money.� Yahoo previously commented: Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance....., to which I responded, Wild..... I�ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported and will now join gm in worker buyouts; but both GM and Ford will now offer built-in ipods which should substantially help their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Analyst says GM good news now behind it (past/discounted), yet stock still rose upon said analysis �..riiiiight�.. daaaaah! Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal, maybe even suspension, that has cast a harsh light on Silicon Valley's compensation practices. Don�t forget that GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland lunatic world of wall street is of course good news. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid (approx.) 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it�s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very commissionable (investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $57; yes, as in the last crash, they will get fooled again� as stocks up sharply in the fraudulent alice-in-wonderland lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the pundits/analysts are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley (who also says that in Europe bush�s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the �better than expectations� game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. Spotlight on the Stock Option Scandal-The share prices of companies involved in stock options backdating have held up well compared to the broader market. But shareholders might be in for a rougher ride. Plus, why the Nasdaq has its hands full. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived pearl harbor effect)/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/ and the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what�s up is down and what�s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they�ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin� to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don�t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)

"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006

WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):

The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

(2-06-07) Waning full moon and the lunatics on wall street are still manic as lunatics suckers �bear market/higher oil prices/fake economic report/fed speak (b.s. contrary to bernanke testimony before congress owing to implicit threat of prosecution for false statements)� rally to as the wall street fraud continues to suck the suckers in; ie., as the Dow Jones industrial average up 4.57, S&P up 1.01, and NASDAQ up .89, all very commissionable on heavy volume, as in final pre-election result push for bush, which fell very short but has provided the same pump-priming of the market as most recently seen in 1999 which ended quite badly even without the exacerbating effects of huge unsustainable and debilitating debt/deficits deferring/delaying/prolonging the inevitable reality even as entire domestic u.s. industries are rendered what is tantamount to defunct and with corporate welfare unwisely spent (war crimes, etc.). SEC launch of insider trading (pervasive on fraudulent wall street) probe just tip of the iceberg. Negative savings rate (highest since great depression), factory output down, home inventories highest since last crash, defaults up, deficits trade/budget, gm and ford sales down 17% and 19%, dollar down and going lower, january jobs data weaker than the consensus estimate and below the average gain of 153,000 per month for all of 2006 and viewed as bearish......but no problemo if you�re a lunatic fraud on wall street. Fake economic growth report from the administration. Mergers and acquisitions continue to cloud the picture facilitating the fraud. Having beat fraudulent alice-in-wonderland lunatic world of wall street expectations with Record Loss of $12.7 Billion, the rally in Ford�s stock continues..... riiiiight! Fake numbers also a plus. Ford Posts Record Loss of $12.7 Billion.....stock rallies on the news.....riiiiight! P/E ratios far beyond the mean particularly for this stage in the cycle for selected securities (ie., 80+, etc.). Higher oil prices and fake indicators report spark rally.....riiiiight! Report on leading economic indicators is delayed (very unusual unless you understand the greater complexity in fudging same.....not to worry, fans of frauds on wall street.....the lunatic frauds will also get their churn-and-earn commission dollars on the way down).Fed Chairman Bernanke begins to euphemistically discuss reality on capital hill. PAPER: Condo market in DC, Vegas, Miami and Boston has collapsed... Euro displaces dollar in bond markets...Higher oil prices and fake numbers spurs rally. More fake job numbers (at best, hamburger helpers, etc.). Yahoo profit falls 61% but rallies 6% on b**l s**t alone. Jawboning by kohn of print-those-worthless-dollars fed raises market.....riiiiight! The ism services index fell, but that was down from an unexpectedly and fake strong read a month earlier, manufacturing index up slightly to 51.4 (they must be counting hamburgers as manufactured goods in u.s......riiiiight!) but fed knows they�ve been printing worthless dollars like mad which of course is hyperinflationary and will come home to roost, along with huge debt/deficits, trade and budget, Stores Report Disappointing Dec. Sales, Gap Woes Deepen in Bleak Holiday Season. Ford and GM auto sales down 13%. More reports in defiance of reality, oil prices up, Dollar Slides...,every intelligent analyst/economist knows that the new home sales number from the government is a total lie that will be revised downward later, that the options scandals are pervasive in fraudulent america (100 investigations just tip of the iceberg), oil stocks continue to rally on lower oil prices, as previously on pipeline explosion in Nigeria, spill in Gulf, and sanctions for Iran, and sharp FALL in oil prices.....riiiiight!.....predictions of disappointing retail sales even with fire-sale discounted prices,..... Highest increase (2%) in 30 years for the wholesale price index, and as well, the core ppi (1.3%), GDP growth less than expected at 2%, dollar sharply lower, oil prices up, building permits down, all unexpectedly bad but great news in the fraudulent alice-in-wonderland lunatic world of wall street. New Record Quarterly Trade Deficit initially spurred lunatic market rally along with obfuscating but very commissionable merger activity. Core inflation a very unexpected unchanged .....riiiiight!.....spurs superstitious, devoid of reality, santa rally.� Investment Banks Post Record 2006 Profit .....daaaaah! Churning and earning on worthless paper, where is that commission dollar coming from even as america has ceded solvency/leadership in every economic measure. Even at the lofty record numbers the indices are worth roughly half their value based on precipitous fall of the dollar in only 5 years with further downside to go. Superstitious �Santa Claus rally�.....riiiiight! High oil price rally.....riiiiight!� Total� bulls**t ! Retail sales up a very unexpected 1%, riiiiight, at the same time inventories of such goods rising substantially (do you think they�re booking sales to �straw men/companies�.....I do!) and oil inventories down. Fake employment numbers (from the government.....riiiiight!) the impetus for previous b.s. rally despite falling sentiment and uptick in unemployment. The ism services index (financed by unsustainable deficit/debt spending and pushing/commissioning worthless paper) and jawboning/bulls**t from the housing industry (the end is near.....riiiiight!), obfuscating mergers continued to cloud the picture, closely-watched core-PCE deflator had risen a more than expected 0.2%, second sub-50 reading on manufacturing activity in as many sessions-the November ISM index unexpectedly fell to 49.5 (consensus 52.0), Chicago PMI fell to its lowest level (49.9%) in October, and below the 50 level, indicating contraction, crude prices up� (OIL PRICES RISE ABOVE $63 A BARREL...), DOLLAR RESUMES SLIDE, Fed Chairman Bernanke & Co. cheerleading/jawboning/bulls**t, 3.2% decline in new home sales, oil inventories down and oil prices up, oil producers shun the dollar, Russia and Opec shift revenues into euros, yen and sterling..., all very bad news anywhere but in the fraudulent alice-in-wonderland world of wall street. Durable goods orders fell sharply, sentiment down, but supposedly used home sales rose slightly (riiiiight.....who says; the realtors/government who have been talking up this bubble market?) albeit at sharply lower prices. DOLLAR PLUNGES TO NEAR 15-YEAR LOW� In other words, no good news to justify the ridiculous up move by the alice-in-wonderland frauds of wall street. Worthless dollar, triple deficits, stock/options scandals/corruption, as some speculate that fed is behind purchases/manipulation (through proxy) of worthless american paper now being shunned by more rational market players abroad.� MARKETS ROCKED BY LONG OVERDUE BUT STILL MODEST RELATIVE TO REALITY SHARP SLIDE IN DOLLAR...There has never been a time since 1929 when stock prices and p/e ratios were so irrationally high for this point in a bull cycle in this indisputable secular bear market, particularly with the existing unprecedented structural economic problems, ie., trade and budget deficits, worthless dollar, scandals, fraud, corruption , etc.. In fact, unemployment unexpectedly rose substantially and consumer sentiment unexpectedly but similarly realistically fell, both very negative exept in the� fraudulent alice-in-wonderland world of wall street. Indeed, the housing bubble bursting with ie., unexpected 14% decline in starts/permits, etc., led to rally in the fraudulent alice-in-wonderland world of wall street. Obfuscating mergers help preclude detection of this massive and pervasive fraud which defies analysis owing to these mergers. New talking pointing: dell numbers exceed expectations depending upon ongoing government scrutiny of their accounting practices.....riiiiight! More contrived manipulated markets and data well as that previous unexpected rise in that global hub of manufacturing activity, New York (worthless paper is their real product, etc.) �..riiiiight!�.. underpins fraudulent up move. Reassuring Fed speak, also known as b**l s**t, along with IPO�s (get the suckers in at the highs as in late 90�s market bubble), and shrugging off pervasive stock/options fraud as at, ie., KB Homes, etc., leave stocks ridiculously higher. Nations leaving the worthless dollar in droves for currencies backed by value and for precious metals. Based on the self-interested statement of typical fraud american and fed rep, we hear once again the wishful thought that housing has bottomed.....right! [Reality/Truth: US housing slump deepens, spreads]. Home depot rallies despite lower than expected results and lower guidance for the year.....right! Who is stupid enough to believe anything the fraudulent criminal americans say. They are printing worthless dollars like mad. Consumer sentiment actually previously fell and there was nothing but wall street lunacy to prop the fraudulent market. The republicans who lockstepped with war criminal dumbya bush deserved to lose. The frauds on wall street now looking for the new corporate welfare program for which to sell the sizzle ie., stem cells, etc.. The know-nothing pundits are now saying the up move without any rational basis is predicated upon the the falsity that gridlock in washington is welcomed and good because no regulation of, ie., fraud on wall street, etc., can be passed. How about a tax on stock trades to come directly from the traders' (traitors/frauds) bottom lines and provide a disincentive for the churn-and-earn fraud which is tantamount to a wasteful tax on the economy. Even token Christian paulison from jew fraud wall street couldn't stem the tide against the blatent zionist/neocon/bush co failure accross the board as the wall street frauds show record profits financed, albeit indirectly, by huge deficits, both trade and budget. Obfuscating mergers blur the picture to provide cover for up move talking points in defiance of reality.� Stagflation and full employment revisions pre-election.....riiiiight. Productivity comes in at a less than expected 0 (inflationary). The only surprise should have been that the number wasn't negative. The pundits are now saying that the market/wall street fraud is in a state of denial regarding economic fundamentals and that the market is substantially overbought, overvalued, overfrauded, over, etc., the manufacturing index coming in lower than expectations. Consumer sentiment unexpectedly fell.....daaaaah. Pre-election core inflation rate report good �..riiiiight�..but savings rate still negative and walmart sales/profits/outlook substantially below expectations but what the heck, they�re wallstreet lunatics/frauds and reality is no problem. Despite pre-election deficit spending, GNP comes in a less than expected paltry 1.6% increase with worthless falling dollar the catch-22 precluding reality avoidance and the worst yet to come. More nations leaving the worthless dollar as reserve currency even as frauds on wall street reach new highs (What are they smoking? Coking? or like the dollar just cracking) based on corporate welfare flows with money the nation doesn't have pre-election (record deficits). Housing prices continue their sharp decline as bubble deflates. GM only lost 115 million. Ford lost 5.8 billion and must restate earnings back to year 2000 is a bullish sign in the fraudulent alice-in-wonderland lunatic world of wall street. Typical pre-fed meeting rally to provide a cushion for any negative pronouncements which reality would require but are seldom forthcoming by the accommodative frauds who have similarly embraced unreality. Indeed, the gutless wimps of wall street think they're "tough" when they fraudulently take the market higher despite a clearly contrary fact based reality. Caterpillar relates the pervasive reality and the frauds on wallstreet intimidate same with sell off, ignoring pervasive options scandal/fraud and rallies Merck despite lower than expectation results.....riiiiight! Election year corporate welfare to prime the pump and the mock stock market with money the nation doesn�t have (increasing already huge deficits). CPI figures (upon which government inflation adjusted payment obligations are based) lower than expected�..riiiiight! Intel earnings/revenues down sharply but according to the lunatic frauds on wall street, beat expectations and stock rallies along with yahoo which as in the pre-dot com bust days says better days are a coming�.. riiiiight Core inflation rate which is closely watched by the Fed exceeds all expectations. Fraud Merrill Lynch has really been pushing and commissioning that worthless paper and reports record earnings, despite having produced nothing and for very little if any value added (that ill-gotten money has to come from somewhere-your pockets?). The big economic report awaiting scrutiny was the monthly trade deficit which was expected to narrow but in fact INCREASED to 69.9 billion. The alice-in-wonderland lunatic wall street frauds rallied on the news as the dollar precipitously fell. The Fed Chairman said there is a "substantial correction" in housing, which will probably shave about 1% off growth in the second half of the year. The Institute of Supply Management said its services index fell to 52.9 in September -- the lowest level since April 2003. Great News�.. riiiiight!..... Consumer Confidence Higher Than Expected... riiiiight!..... and housing starts were down sharply but not-as-bad-as-expectations game in play US Existing Home Sales Fall 0.5% in August; Sales Price Drops Existing-home prices fall for 1st time in 11 years along with fed jaw-boning pre-election that inflation has been licked .....riiiiight �..despite printing worthless dollars like they�re going out of style because they really are! Fed did nothing and stocks rallied, pre-election.....riiiiight! What about the reality of u.s. debt service at a record unsustainable $2 billion per day on a revolving $2 trillion charge account with ie., China, etc.. The fact that foreclosures are up and that there is projected new trade deficit record, fake government inflation numbers for election year purposes, housing starts down 6% means little to the alice-in-wonderland lunatic frauds of wall street and the so-called pundits including yahoo below. Almost all computerized volume is and must be considered heavy, manipulated, economically wasteful volume [stocks move contrary to rational analytical facts (ie., exceeded lowered expectations, things so bad interest rates can�t rise, exceeded expectations, no earnings but outlook extraordinary, the fed says booo as they print more worthless dollars to finance deficits, etc. ) is money in the bank for the frauds on wall street when they unwind said irrational positions ]. Philadelphia Federal Reserve announces that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, leading economic indicators fall .2%, and previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows with b**l s**t from Yahoo (which didn�t even reference the record unanticipated trade gap):

There is nothing to rationally justify the previous up move or mixed results in the market other than what is tantamount to a negative, and based upon spurious data from the government; ie., fake government numbers said total PPI rose a smaller than expected 0.1% (consensus 0.4%) in July, which was well below the 0.5% jump in June, while the more closely watched core rate (ex-food and energy) unexpectedly (RIIIIIGHT!) fell 0.3% (consensus +0.2%) -- the first decline since October and the largest drop since a 0.5% decline in April 2003. Home Sales Decline in 28 States, D.C.. Real estate prices down/stagnant. But housing stocks�..up.....riiiiight!.....in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down.� Martin Crutsinger, AP Economics Writer, previously wrote,� U.S. Trade Deficit Falls 0.3 Percent in June to $64.8B, Offsetting Jump in Chinese Imports. Dell Recall Stems From sony Production Flaw� WASHINGTON (AP) -- America's trade deficit showed a slight improvement as strong global growth pushed U.S. exports to a record level. That helped offset a surge in Chinese imports and record crude oil prices. The deficit declined 0.3 percent in June, compared with May, dropping to $64.8 billion, still the fifth largest imbalance on record, the Commerce Department reported Thursday. The deficit is running at an annual rate of $768 billion through the first six months of this year, putting the country on track to see a fifth straight record imbalance. Last year's deficit was $716.7 billion. Prior considerations remain apposite in this clearly overvalued market. The frauds on wall street feel compelled to continue their tradition/superstition/fraud tactic of buying on the rumor and selling on the news (fact) of the Fed�s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money.� Yahoo previously commented: Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance....., to which I responded, Wild..... I�ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported and will now join gm in worker buyouts; but both GM and Ford will now offer built-in ipods which should substantially help their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Analyst says GM good news now behind it (past/discounted), yet stock still rose upon said analysis �..riiiiight�.. daaaaah! Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal, maybe even suspension, that has cast a harsh light on Silicon Valley's compensation practices. Don�t forget that GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland lunatic world of wall street is of course good news. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid (approx.) 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it�s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very commissionable (investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $59; yes, as in the last crash, they will get fooled again� as stocks up sharply in the fraudulent alice-in-wonderland lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the pundits/analysts are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley (who also says that in Europe bush�s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the �better than expectations� game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. Spotlight on the Stock Option Scandal-The share prices of companies involved in stock options backdating have held up well compared to the broader market. But shareholders might be in for a rougher ride. Plus, why the Nasdaq has its hands full. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived pearl harbor effect)/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/ and the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what�s up is down and what�s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they�ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin� to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don�t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)

"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006

WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):

The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

(2-05-07) Waning full moon and the lunatics on wall street are still manic as lunatics suckers �bear market/higher oil prices/fake economic report/fed speak (b.s. contrary to bernanke testimony before congress owing to implicit threat of prosecution for false statements)� rally to end mixed as the wall street fraud continues to suck the suckers in; ie., as the Dow Jones industrial average up 8.25, S&P down 1.40 and NASDAQ down 5.28, all very commissionable on heavy volume, as in final pre-election result push for bush, which fell very short but has provided the same pump-priming of the market as most recently seen in 1999 which ended quite badly even without the exacerbating effects of huge unsustainable and debilitating debt/deficits deferring/delaying/prolonging the inevitable reality even as entire domestic u.s. industries are rendered what is tantamount to defunct and with corporate welfare unwisely spent (war crimes, etc.). Negative savings rate (highest since great depression), factory output down, home inventories highest since last crash, defaults up, deficits trade/budget, gm and ford sales down 17% and 19%, dollar down and going lower, january jobs data weaker than the consensus estimate and below the average gain of 153,000 per month for all of 2006 and viewed as bearish......but no problemo if you�re a lunatic fraud on wall street. Fake economic growth report from the administration. Mergers and acquisitions continue to cloud the picture facilitating the fraud. Having beat fraudulent alice-in-wonderland lunatic world of wall street expectations with Record Loss of $12.7 Billion, the rally in Ford�s stock continues..... riiiiight! Fake numbers also a plus. Ford Posts Record Loss of $12.7 Billion.....stock rallies on the news.....riiiiight! P/E ratios far beyond the mean particularly for this stage in the cycle for selected securities (ie., 80+, etc.). Higher oil prices and fake indicators report spark rally.....riiiiight! Report on leading economic indicators is delayed (very unusual unless you understand the greater complexity in fudging same.....not to worry, fans of frauds on wall street.....the lunatic frauds will also get their churn-and-earn commission dollars on the way down).Fed Chairman Bernanke begins to euphemistically discuss reality on capital hill. PAPER: Condo market in DC, Vegas, Miami and Boston has collapsed... Euro displaces dollar in bond markets...Higher oil prices and fake numbers spurs rally. More fake job numbers (at best, hamburger helpers, etc.). Yahoo profit falls 61% but rallies 6% on b**l s**t alone. Jawboning by kohn of print-those-worthless-dollars fed raises market.....riiiiight! The ism services index fell, but that was down from an unexpectedly and fake strong read a month earlier, manufacturing index up slightly to 51.4 (they must be counting hamburgers as manufactured goods in u.s......riiiiight!) but fed knows they�ve been printing worthless dollars like mad which of course is hyperinflationary and will come home to roost, along with huge debt/deficits, trade and budget, Stores Report Disappointing Dec. Sales, Gap Woes Deepen in Bleak Holiday Season. Ford and GM auto sales down 13%. More reports in defiance of reality, oil prices up, Dollar Slides...,every intelligent analyst/economist knows that the new home sales number from the government is a total lie that will be revised downward later, that the options scandals are pervasive in fraudulent america (100 investigations just tip of the iceberg), oil stocks continue to rally on lower oil prices, as previously on pipeline explosion in Nigeria, spill in Gulf, and sanctions for Iran, and sharp FALL in oil prices.....riiiiight!.....predictions of disappointing retail sales even with fire-sale discounted prices,..... Highest increase (2%) in 30 years for the wholesale price index, and as well, the core ppi (1.3%), GDP growth less than expected at 2%, dollar sharply lower, oil prices up, building permits down, all unexpectedly bad but great news in the fraudulent alice-in-wonderland lunatic world of wall street. New Record Quarterly Trade Deficit initially spurred lunatic market rally along with obfuscating but very commissionable merger activity. Core inflation a very unexpected unchanged .....riiiiight!.....spurs superstitious, devoid of reality, santa rally.� Investment Banks Post Record 2006 Profit .....daaaaah! Churning and earning on worthless paper, where is that commission dollar coming from even as america has ceded solvency/leadership in every economic measure. Even at the lofty record numbers the indices are worth roughly half their value based on precipitous fall of the dollar in only 5 years with further downside to go. Superstitious �Santa Claus rally�.....riiiiight! High oil price rally.....riiiiight!� Total� bulls**t ! Retail sales up a very unexpected 1%, riiiiight, at the same time inventories of such goods rising substantially (do you think they�re booking sales to �straw men/companies�.....I do!) and oil inventories down. Fake employment numbers (from the government.....riiiiight!) the impetus for previous b.s. rally despite falling sentiment and uptick in unemployment. The ism services index (financed by unsustainable deficit/debt spending and pushing/commissioning worthless paper) and jawboning/bulls**t from the housing industry (the end is near.....riiiiight!), obfuscating mergers continued to cloud the picture, closely-watched core-PCE deflator had risen a more than expected 0.2%, second sub-50 reading on manufacturing activity in as many sessions-the November ISM index unexpectedly fell to 49.5 (consensus 52.0), Chicago PMI fell to its lowest level (49.9%) in October, and below the 50 level, indicating contraction, crude prices up� (OIL PRICES RISE ABOVE $63 A BARREL...), DOLLAR RESUMES SLIDE, Fed Chairman Bernanke & Co. cheerleading/jawboning/bulls**t, 3.2% decline in new home sales, oil inventories down and oil prices up, oil producers shun the dollar, Russia and Opec shift revenues into euros, yen and sterling..., all very bad news anywhere but in the fraudulent alice-in-wonderland world of wall street. Durable goods orders fell sharply, sentiment down, but supposedly used home sales rose slightly (riiiiight.....who says; the realtors/government who have been talking up this bubble market?) albeit at sharply lower prices. DOLLAR PLUNGES TO NEAR 15-YEAR LOW� In other words, no good news to justify the ridiculous up move by the alice-in-wonderland frauds of wall street. Worthless dollar, triple deficits, stock/options scandals/corruption, as some speculate that fed is behind purchases/manipulation (through proxy) of worthless american paper now being shunned by more rational market players abroad.� MARKETS ROCKED BY LONG OVERDUE BUT STILL MODEST RELATIVE TO REALITY SHARP SLIDE IN DOLLAR...There has never been a time since 1929 when stock prices and p/e ratios were so irrationally high for this point in a bull cycle in this indisputable secular bear market, particularly with the existing unprecedented structural economic problems, ie., trade and budget deficits, worthless dollar, scandals, fraud, corruption , etc.. In fact, unemployment unexpectedly rose substantially and consumer sentiment unexpectedly but similarly realistically fell, both very negative exept in the� fraudulent alice-in-wonderland world of wall street. Indeed, the housing bubble bursting with ie., unexpected 14% decline in starts/permits, etc., led to rally in the fraudulent alice-in-wonderland world of wall street. Obfuscating mergers help preclude detection of this massive and pervasive fraud which defies analysis owing to these mergers. New talking pointing: dell numbers exceed expectations depending upon ongoing government scrutiny of their accounting practices.....riiiiight! More contrived manipulated markets and data well as that previous unexpected rise in that global hub of manufacturing activity, New York (worthless paper is their real product, etc.) �..riiiiight!�.. underpins fraudulent up move. Reassuring Fed speak, also known as b**l s**t, along with IPO�s (get the suckers in at the highs as in late 90�s market bubble), and shrugging off pervasive stock/options fraud as at, ie., KB Homes, etc., leave stocks ridiculously higher. Nations leaving the worthless dollar in droves for currencies backed by value and for precious metals. Based on the self-interested statement of typical fraud american and fed rep, we hear once again the wishful thought that housing has bottomed.....right! [Reality/Truth: US housing slump deepens, spreads]. Home depot rallies despite lower than expected results and lower guidance for the year.....right! Who is stupid enough to believe anything the fraudulent criminal americans say. They are printing worthless dollars like mad. Consumer sentiment actually previously fell and there was nothing but wall street lunacy to prop the fraudulent market. The republicans who lockstepped with war criminal dumbya bush deserved to lose. The frauds on wall street now looking for the new corporate welfare program for which to sell the sizzle ie., stem cells, etc.. The know-nothing pundits are now saying the up move without any rational basis is predicated upon the the falsity that gridlock in washington is welcomed and good because no regulation of, ie., fraud on wall street, etc., can be passed. How about a tax on stock trades to come directly from the traders' (traitors/frauds) bottom lines and provide a disincentive for the churn-and-earn fraud which is tantamount to a wasteful tax on the economy. Even token Christian paulison from jew fraud wall street couldn't stem the tide against the blatent zionist/neocon/bush co failure accross the board as the wall street frauds show record profits financed, albeit indirectly, by huge deficits, both trade and budget. Obfuscating mergers blur the picture to provide cover for up move talking points in defiance of reality.� Stagflation and full employment revisions pre-election.....riiiiight. Productivity comes in at a less than expected 0 (inflationary). The only surprise should have been that the number wasn't negative. The pundits are now saying that the market/wall street fraud is in a state of denial regarding economic fundamentals and that the market is substantially overbought, overvalued, overfrauded, over, etc., the manufacturing index coming in lower than expectations. Consumer sentiment unexpectedly fell.....daaaaah. Pre-election core inflation rate report good �..riiiiight�..but savings rate still negative and walmart sales/profits/outlook substantially below expectations but what the heck, they�re wallstreet lunatics/frauds and reality is no problem. Despite pre-election deficit spending, GNP comes in a less than expected paltry 1.6% increase with worthless falling dollar the catch-22 precluding reality avoidance and the worst yet to come. More nations leaving the worthless dollar as reserve currency even as frauds on wall street reach new highs (What are they smoking? Coking? or like the dollar just cracking) based on corporate welfare flows with money the nation doesn't have pre-election (record deficits). Housing prices continue their sharp decline as bubble deflates. GM only lost 115 million. Ford lost 5.8 billion and must restate earnings back to year 2000 is a bullish sign in the fraudulent alice-in-wonderland lunatic world of wall street. Typical pre-fed meeting rally to provide a cushion for any negative pronouncements which reality would require but are seldom forthcoming by the accommodative frauds who have similarly embraced unreality. Indeed, the gutless wimps of wall street think they're "tough" when they fraudulently take the market higher despite a clearly contrary fact based reality. Caterpillar relates the pervasive reality and the frauds on wallstreet intimidate same with sell off, ignoring pervasive options scandal/fraud and rallies Merck despite lower than expectation results.....riiiiight! Election year corporate welfare to prime the pump and the mock stock market with money the nation doesn�t have (increasing already huge deficits). CPI figures (upon which government inflation adjusted payment obligations are based) lower than expected�..riiiiight! Intel earnings/revenues down sharply but according to the lunatic frauds on wall street, beat expectations and stock rallies along with yahoo which as in the pre-dot com bust days says better days are a coming�.. riiiiight Core inflation rate which is closely watched by the Fed exceeds all expectations. Fraud Merrill Lynch has really been pushing and commissioning that worthless paper and reports record earnings, despite having produced nothing and for very little if any value added (that ill-gotten money has to come from somewhere-your pockets?). The big economic report awaiting scrutiny was the monthly trade deficit which was expected to narrow but in fact INCREASED to 69.9 billion. The alice-in-wonderland lunatic wall street frauds rallied on the news as the dollar precipitously fell. The Fed Chairman said there is a "substantial correction" in housing, which will probably shave about 1% off growth in the second half of the year. The Institute of Supply Management said its services index fell to 52.9 in September -- the lowest level since April 2003. Great News�.. riiiiight!..... Consumer Confidence Higher Than Expected... riiiiight!..... and housing starts were down sharply but not-as-bad-as-expectations game in play US Existing Home Sales Fall 0.5% in August; Sales Price Drops Existing-home prices fall for 1st time in 11 years along with fed jaw-boning pre-election that inflation has been licked .....riiiiight �..despite printing worthless dollars like they�re going out of style because they really are! Fed did nothing and stocks rallied, pre-election.....riiiiight! What about the reality of u.s. debt service at a record unsustainable $2 billion per day on a revolving $2 trillion charge account with ie., China, etc.. The fact that foreclosures are up and that there is projected new trade deficit record, fake government inflation numbers for election year purposes, housing starts down 6% means little to the alice-in-wonderland lunatic frauds of wall street and the so-called pundits including yahoo below. Almost all computerized volume is and must be considered heavy, manipulated, economically wasteful volume [stocks move contrary to rational analytical facts (ie., exceeded lowered expectations, things so bad interest rates can�t rise, exceeded expectations, no earnings but outlook extraordinary, the fed says booo as they print more worthless dollars to finance deficits, etc. ) is money in the bank for the frauds on wall street when they unwind said irrational positions ]. Philadelphia Federal Reserve announces that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, leading economic indicators fall .2%, and previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows with b**l s**t from Yahoo (which didn�t even reference the record unanticipated trade gap):

There is nothing to rationally justify the previous up move or mixed results in the market other than what is tantamount to a negative, and based upon spurious data from the government; ie., fake government numbers said total PPI rose a smaller than expected 0.1% (consensus 0.4%) in July, which was well below the 0.5% jump in June, while the more closely watched core rate (ex-food and energy) unexpectedly (RIIIIIGHT!) fell 0.3% (consensus +0.2%) -- the first decline since October and the largest drop since a 0.5% decline in April 2003. Home Sales Decline in 28 States, D.C.. Real estate prices down/stagnant. But housing stocks�..up.....riiiiight!.....in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down.� Martin Crutsinger, AP Economics Writer, previously wrote,� U.S. Trade Deficit Falls 0.3 Percent in June to $64.8B, Offsetting Jump in Chinese Imports. Dell Recall Stems From sony Production Flaw� WASHINGTON (AP) -- America's trade deficit showed a slight improvement as strong global growth pushed U.S. exports to a record level. That helped offset a surge in Chinese imports and record crude oil prices. The deficit declined 0.3 percent in June, compared with May, dropping to $64.8 billion, still the fifth largest imbalance on record, the Commerce Department reported Thursday. The deficit is running at an annual rate of $768 billion through the first six months of this year, putting the country on track to see a fifth straight record imbalance. Last year's deficit was $716.7 billion. Prior considerations remain apposite in this clearly overvalued market. The frauds on wall street feel compelled to continue their tradition/superstition/fraud tactic of buying on the rumor and selling on the news (fact) of the Fed�s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money.� Yahoo previously commented: Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance....., to which I responded, Wild..... I�ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported and will now join gm in worker buyouts; but both GM and Ford will now offer built-in ipods which should substantially help their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Analyst says GM good news now behind it (past/discounted), yet stock still rose upon said analysis �..riiiiight�.. daaaaah! Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal, maybe even suspension, that has cast a harsh light on Silicon Valley's compensation practices. Don�t forget that GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland lunatic world of wall street is of course good news. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid (approx.) 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it�s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very commissionable (investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $59; yes, as in the last crash, they will get fooled again� as stocks up sharply in the fraudulent alice-in-wonderland lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the pundits/analysts are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley (who also says that in Europe bush�s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the �better than expectations� game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. Spotlight on the Stock Option Scandal-The share prices of companies involved in stock options backdating have held up well compared to the broader market. But shareholders might be in for a rougher ride. Plus, why the Nasdaq has its hands full. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived pearl harbor effect)/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/ and the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what�s up is down and what�s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they�ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin� to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don�t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)

"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006

WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):

The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

(2-02-07) Blazing full moon and the lunatics on wall street are manic as lunatics suckers �bear market/higher oil prices/fake economic report/fed speak (b.s. contrary to bernanke testimony before congress owing to implicit threat of prosecution for false statements)� rally to end mixed as the wall street fraud continues to suck the suckers in; ie., as the Dow Jones industrial average down 20.19, S&P up 2.45 and NASDAQ up 7.50, all very commissionable on heavy volume, as in final pre-election result push for bush, which fell very short but has provided the same pump-priming of the market as most recently seen in 1999 which ended quite badly even without the exacerbating effects of huge unsustainable and debilitating debt/deficits deferring/delaying/prolonging the inevitable reality even as entire domestic u.s. industries are rendered what is tantamount to defunct and with corporate welfare unwisely spent (war crimes, etc.). Negative savings rate (highest since great depression), factory output down, home inventories highest since last crash, defaults up, deficits trade/budget, gm and ford sales down 17% and 19%, dollar down and going lower, january jobs data weaker than the consensus estimate and below the average gain of 153,000 per month for all of 2006 and viewed as bearish......but no problemo if you�re a lunatic fraud on wall street. Fake economic growth report from the administration. Mergers and acquisitions continue to cloud the picture facilitating the fraud. Having beat fraudulent alice-in-wonderland lunatic world of wall street expectations with Record Loss of $12.7 Billion, the rally in Ford�s stock continues..... riiiiight! Fake numbers also a plus. Ford Posts Record Loss of $12.7 Billion.....stock rallies on the news.....riiiiight! P/E ratios far beyond the mean particularly for this stage in the cycle for selected securities (ie., 80+, etc.). Higher oil prices and fake indicators report spark rally.....riiiiight! Report on leading economic indicators is delayed (very unusual unless you understand the greater complexity in fudging same.....not to worry, fans of frauds on wall street.....the lunatic frauds will also get their churn-and-earn commission dollars on the way down).Fed Chairman Bernanke begins to euphemistically discuss reality on capital hill. PAPER: Condo market in DC, Vegas, Miami and Boston has collapsed... Euro displaces dollar in bond markets...Higher oil prices and fake numbers spurs rally. More fake job numbers (at best, hamburger helpers, etc.). Yahoo profit falls 61% but rallies 6% on b**l s**t alone. Jawboning by kohn of print-those-worthless-dollars fed raises market.....riiiiight! The ism services index fell, but that was down from an unexpectedly and fake strong read a month earlier, manufacturing index up slightly to 51.4 (they must be counting hamburgers as manufactured goods in u.s......riiiiight!) but fed knows they�ve been printing worthless dollars like mad which of course is hyperinflationary and will come home to roost, along with huge debt/deficits, trade and budget, Stores Report Disappointing Dec. Sales, Gap Woes Deepen in Bleak Holiday Season. Ford and GM auto sales down 13%. More reports in defiance of reality, oil prices up, Dollar Slides...,every intelligent analyst/economist knows that the new home sales number from the government is a total lie that will be revised downward later, that the options scandals are pervasive in fraudulent america (100 investigations just tip of the iceberg), oil stocks continue to rally on lower oil prices, as previously on pipeline explosion in Nigeria, spill in Gulf, and sanctions for Iran, and sharp FALL in oil prices.....riiiiight!.....predictions of disappointing retail sales even with fire-sale discounted prices,..... Highest increase (2%) in 30 years for the wholesale price index, and as well, the core ppi (1.3%), GDP growth less than expected at 2%, dollar sharply lower, oil prices up, building permits down, all unexpectedly bad but great news in the fraudulent alice-in-wonderland lunatic world of wall street. New Record Quarterly Trade Deficit initially spurred lunatic market rally along with obfuscating but very commissionable merger activity. Core inflation a very unexpected unchanged .....riiiiight!.....spurs superstitious, devoid of reality, santa rally.� Investment Banks Post Record 2006 Profit .....daaaaah! Churning and earning on worthless paper, where is that commission dollar coming from even as america has ceded solvency/leadership in every economic measure. Even at the lofty record numbers the indices are worth roughly half their value based on precipitous fall of the dollar in only 5 years with further downside to go. Superstitious �Santa Claus rally�.....riiiiight! High oil price rally.....riiiiight!� Total� bulls**t ! Retail sales up a very unexpected 1%, riiiiight, at the same time inventories of such goods rising substantially (do you think they�re booking sales to �straw men/companies�.....I do!) and oil inventories down. Fake employment numbers (from the government.....riiiiight!) the impetus for previous b.s. rally despite falling sentiment and uptick in unemployment. The ism services index (financed by unsustainable deficit/debt spending and pushing/commissioning worthless paper) and jawboning/bulls**t from the housing industry (the end is near.....riiiiight!), obfuscating mergers continued to cloud the picture, closely-watched core-PCE deflator had risen a more than expected 0.2%, second sub-50 reading on manufacturing activity in as many sessions-the November ISM index unexpectedly fell to 49.5 (consensus 52.0), Chicago PMI fell to its lowest level (49.9%) in October, and below the 50 level, indicating contraction, crude prices up� (OIL PRICES RISE ABOVE $63 A BARREL...), DOLLAR RESUMES SLIDE, Fed Chairman Bernanke & Co. cheerleading/jawboning/bulls**t, 3.2% decline in new home sales, oil inventories down and oil prices up, oil producers shun the dollar, Russia and Opec shift revenues into euros, yen and sterling..., all very bad news anywhere but in the fraudulent alice-in-wonderland world of wall street. Durable goods orders fell sharply, sentiment down, but supposedly used home sales rose slightly (riiiiight.....who says; the realtors/government who have been talking up this bubble market?) albeit at sharply lower prices. DOLLAR PLUNGES TO NEAR 15-YEAR LOW� In other words, no good news to justify the ridiculous up move by the alice-in-wonderland frauds of wall street. Worthless dollar, triple deficits, stock/options scandals/corruption, as some speculate that fed is behind purchases/manipulation (through proxy) of worthless american paper now being shunned by more rational market players abroad.� MARKETS ROCKED BY LONG OVERDUE BUT STILL MODEST RELATIVE TO REALITY SHARP SLIDE IN DOLLAR...There has never been a time since 1929 when stock prices and p/e ratios were so irrationally high for this point in a bull cycle in this indisputable secular bear market, particularly with the existing unprecedented structural economic problems, ie., trade and budget deficits, worthless dollar, scandals, fraud, corruption , etc.. In fact, unemployment unexpectedly rose substantially and consumer sentiment unexpectedly but similarly realistically fell, both very negative exept in the� fraudulent alice-in-wonderland world of wall street. Indeed, the housing bubble bursting with ie., unexpected 14% decline in starts/permits, etc., led to rally in the fraudulent alice-in-wonderland world of wall street. Obfuscating mergers help preclude detection of this massive and pervasive fraud which defies analysis owing to these mergers. New talking pointing: dell numbers exceed expectations depending upon ongoing government scrutiny of their accounting practices.....riiiiight! More contrived manipulated markets and data well as that previous unexpected rise in that global hub of manufacturing activity, New York (worthless paper is their real product, etc.) �..riiiiight!�.. underpins fraudulent up move. Reassuring Fed speak, also known as b**l s**t, along with IPO�s (get the suckers in at the highs as in late 90�s market bubble), and shrugging off pervasive stock/options fraud as at, ie., KB Homes, etc., leave stocks ridiculously higher. Nations leaving the worthless dollar in droves for currencies backed by value and for precious metals. Based on the self-interested statement of typical fraud american and fed rep, we hear once again the wishful thought that housing has bottomed.....right! [Reality/Truth: US housing slump deepens, spreads]. Home depot rallies despite lower than expected results and lower guidance for the year.....right! Who is stupid enough to believe anything the fraudulent criminal americans say. They are printing worthless dollars like mad. Consumer sentiment actually previously fell and there was nothing but wall street lunacy to prop the fraudulent market. The republicans who lockstepped with war criminal dumbya bush deserved to lose. The frauds on wall street now looking for the new corporate welfare program for which to sell the sizzle ie., stem cells, etc.. The know-nothing pundits are now saying the up move without any rational basis is predicated upon the the falsity that gridlock in washington is welcomed and good because no regulation of, ie., fraud on wall street, etc., can be passed. How about a tax on stock trades to come directly from the traders' (traitors/frauds) bottom lines and provide a disincentive for the churn-and-earn fraud which is tantamount to a wasteful tax on the economy. Even token Christian paulison from jew fraud wall street couldn't stem the tide against the blatent zionist/neocon/bush co failure accross the board as the wall street frauds show record profits financed, albeit indirectly, by huge deficits, both trade and budget. Obfuscating mergers blur the picture to provide cover for up move talking points in defiance of reality.� Stagflation and full employment revisions pre-election.....riiiiight. Productivity comes in at a less than expected 0 (inflationary). The only surprise should have been that the number wasn't negative. The pundits are now saying that the market/wall street fraud is in a state of denial regarding economic fundamentals and that the market is substantially overbought, overvalued, overfrauded, over, etc., the manufacturing index coming in lower than expectations. Consumer sentiment unexpectedly fell.....daaaaah. Pre-election core inflation rate report good �..riiiiight�..but savings rate still negative and walmart sales/profits/outlook substantially below expectations but what the heck, they�re wallstreet lunatics/frauds and reality is no problem. Despite pre-election deficit spending, GNP comes in a less than expected paltry 1.6% increase with worthless falling dollar the catch-22 precluding reality avoidance and the worst yet to come. More nations leaving the worthless dollar as reserve currency even as frauds on wall street reach new highs (What are they smoking? Coking? or like the dollar just cracking) based on corporate welfare flows with money the nation doesn't have pre-election (record deficits). Housing prices continue their sharp decline as bubble deflates. GM only lost 115 million. Ford lost 5.8 billion and must restate earnings back to year 2000 is a bullish sign in the fraudulent alice-in-wonderland lunatic world of wall street. Typical pre-fed meeting rally to provide a cushion for any negative pronouncements which reality would require but are seldom forthcoming by the accommodative frauds who have similarly embraced unreality. Indeed, the gutless wimps of wall street think they're "tough" when they fraudulently take the market higher despite a clearly contrary fact based reality. Caterpillar relates the pervasive reality and the frauds on wallstreet intimidate same with sell off, ignoring pervasive options scandal/fraud and rallies Merck despite lower than expectation results.....riiiiight! Election year corporate welfare to prime the pump and the mock stock market with money the nation doesn�t have (increasing already huge deficits). CPI figures (upon which government inflation adjusted payment obligations are based) lower than expected�..riiiiight! Intel earnings/revenues down sharply but according to the lunatic frauds on wall street, beat expectations and stock rallies along with yahoo which as in the pre-dot com bust days says better days are a coming�.. riiiiight Core inflation rate which is closely watched by the Fed exceeds all expectations. Fraud Merrill Lynch has really been pushing and commissioning that worthless paper and reports record earnings, despite having produced nothing and for very little if any value added (that ill-gotten money has to come from somewhere-your pockets?). The big economic report awaiting scrutiny was the monthly trade deficit which was expected to narrow but in fact INCREASED to 69.9 billion. The alice-in-wonderland lunatic wall street frauds rallied on the news as the dollar precipitously fell. The Fed Chairman said there is a "substantial correction" in housing, which will probably shave about 1% off growth in the second half of the year. The Institute of Supply Management said its services index fell to 52.9 in September -- the lowest level since April 2003. Great News�.. riiiiight!..... Consumer Confidence Higher Than Expected... riiiiight!..... and housing starts were down sharply but not-as-bad-as-expectations game in play US Existing Home Sales Fall 0.5% in August; Sales Price Drops Existing-home prices fall for 1st time in 11 years along with fed jaw-boning pre-election that inflation has been licked .....riiiiight �..despite printing worthless dollars like they�re going out of style because they really are! Fed did nothing and stocks rallied, pre-election.....riiiiight! What about the reality of u.s. debt service at a record unsustainable $2 billion per day on a revolving $2 trillion charge account with ie., China, etc.. The fact that foreclosures are up and that there is projected new trade deficit record, fake government inflation numbers for election year purposes, housing starts down 6% means little to the alice-in-wonderland lunatic frauds of wall street and the so-called pundits including yahoo below. Almost all computerized volume is and must be considered heavy, manipulated, economically wasteful volume [stocks move contrary to rational analytical facts (ie., exceeded lowered expectations, things so bad interest rates can�t rise, exceeded expectations, no earnings but outlook extraordinary, the fed says booo as they print more worthless dollars to finance deficits, etc. ) is money in the bank for the frauds on wall street when they unwind said irrational positions ]. Philadelphia Federal Reserve announces that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, leading economic indicators fall .2%, and previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows with b**l s**t from Yahoo (which didn�t even reference the record unanticipated trade gap):

There is nothing to rationally justify the previous up move or mixed results in the market other than what is tantamount to a negative, and based upon spurious data from the government; ie., fake government numbers said total PPI rose a smaller than expected 0.1% (consensus 0.4%) in July, which was well below the 0.5% jump in June, while the more closely watched core rate (ex-food and energy) unexpectedly (RIIIIIGHT!) fell 0.3% (consensus +0.2%) -- the first decline since October and the largest drop since a 0.5% decline in April 2003. Home Sales Decline in 28 States, D.C.. Real estate prices down/stagnant. But housing stocks�..up.....riiiiight!.....in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down.� Martin Crutsinger, AP Economics Writer, previously wrote,� U.S. Trade Deficit Falls 0.3 Percent in June to $64.8B, Offsetting Jump in Chinese Imports. Dell Recall Stems From sony Production Flaw� WASHINGTON (AP) -- America's trade deficit showed a slight improvement as strong global growth pushed U.S. exports to a record level. That helped offset a surge in Chinese imports and record crude oil prices. The deficit declined 0.3 percent in June, compared with May, dropping to $64.8 billion, still the fifth largest imbalance on record, the Commerce Department reported Thursday. The deficit is running at an annual rate of $768 billion through the first six months of this year, putting the country on track to see a fifth straight record imbalance. Last year's deficit was $716.7 billion. Prior considerations remain apposite in this clearly overvalued market. The frauds on wall street feel compelled to continue their tradition/superstition/fraud tactic of buying on the rumor and selling on the news (fact) of the Fed�s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money.� Yahoo previously commented: Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance....., to which I responded, Wild..... I�ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported and will now join gm in worker buyouts; but both GM and Ford will now offer built-in ipods which should substantially help their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Analyst says GM good news now behind it (past/discounted), yet stock still rose upon said analysis �..riiiiight�.. daaaaah! Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal, maybe even suspension, that has cast a harsh light on Silicon Valley's compensation practices. Don�t forget that GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland lunatic world of wall street is of course good news. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid (approx.) 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it�s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very commissionable (investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $59; yes, as in the last crash, they will get fooled again� as stocks up sharply in the fraudulent alice-in-wonderland lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the pundits/analysts are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley (who also says that in Europe bush�s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the �better than expectations� game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. Spotlight on the Stock Option Scandal-The share prices of companies involved in stock options backdating have held up well compared to the broader market. But shareholders might be in for a rougher ride. Plus, why the Nasdaq has its hands full. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived pearl harbor effect)/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/ and the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what�s up is down and what�s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they�ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin� to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don�t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)

"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006

WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):

The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

(2-01-07) Blazing full moon and the lunatics don�t disappoint as lunatics suckers �bear market/higher oil prices/fake economic report/fed speak (b.s. contrary to bernanke testimony before congress owing to implicit threat of prosecution for false statements)� rally as the wall street fraud continues to suck the suckers in; ie., as the Dow Jones industrial average up 51.99, S&P up 7.70 and NASDAQ up 4.45, all very commissionable on heavy volume, as in final pre-election result push for bush, which fell very short but has provided the same pump-priming of the market as most recently seen in 1999 which ended quite badly even without the exacerbating effects of huge unsustainable and debilitating debt/deficits deferring/delaying/prolonging the inevitable reality even as entire domestic u.s. industries are rendered what is tantamount to defunct and with corporate welfare unwisely spent (war crimes, etc.). Negative savings rate (highest since great depression), factory output down, home inventories highest since last crash, defaults up, deficits trade/budget, GM and Ford sales down 16% and 19%, dollar down and going lower.....but no problemo if you�re a lunatic fraud on wall street. Fake economic growth report from the administration. Mergers and acquisitions continue to cloud the picture facilitating the fraud. Having beat fraudulent alice-in-wonderland lunatic world of wall street expectations with Record Loss of $12.7 Billion, the rally in Ford�s stock continues..... riiiiight! Fake numbers also a plus. Ford Posts Record Loss of $12.7 Billion.....stock rallies on the news.....riiiiight! P/E ratios far beyond the mean particularly for this stage in the cycle for selected securities (ie., 80+, etc.). Higher oil prices and fake indicators report spark rally.....riiiiight! Report on leading economic indicators is delayed (very unusual unless you understand the greater complexity in fudging same.....not to worry, fans of frauds on wall street.....the lunatic frauds will also get their churn-and-earn commission dollars on the way down).Fed Chairman Bernanke begins to euphemistically discuss reality on capital hill. PAPER: Condo market in DC, Vegas, Miami and Boston has collapsed... Euro displaces dollar in bond markets...Higher oil prices and fake numbers spurs rally. More fake job numbers (at best, hamburger helpers, etc.). Yahoo profit falls 61% but rallies 6% on b**l s**t alone. Jawboning by kohn of print-those-worthless-dollars fed raises market.....riiiiight! The ism services index fell, but that was down from an unexpectedly and fake strong read a month earlier, manufacturing index up slightly to 51.4 (they must be counting hamburgers as manufactured goods in u.s......riiiiight!) but fed knows they�ve been printing worthless dollars like mad which of course is hyperinflationary and will come home to roost, along with huge debt/deficits, trade and budget, Stores Report Disappointing Dec. Sales, Gap Woes Deepen in Bleak Holiday Season. Ford and GM auto sales down 13%. More reports in defiance of reality, oil prices up, Dollar Slides...,every intelligent analyst/economist knows that the new home sales number from the government is a total lie that will be revised downward later, that the options scandals are pervasive in fraudulent america (100 investigations just tip of the iceberg), oil stocks continue to rally on lower oil prices, as previously on pipeline explosion in Nigeria, spill in Gulf, and sanctions for Iran, and sharp FALL in oil prices.....riiiiight!.....predictions of disappointing retail sales even with fire-sale discounted prices,..... Highest increase (2%) in 30 years for the wholesale price index, and as well, the core ppi (1.3%), GDP growth less than expected at 2%, dollar sharply lower, oil prices up, building permits down, all unexpectedly bad but great news in the fraudulent alice-in-wonderland lunatic world of wall street. New Record Quarterly Trade Deficit initially spurred lunatic market rally along with obfuscating but very commissionable merger activity. Core inflation a very unexpected unchanged .....riiiiight!.....spurs superstitious, devoid of reality, santa rally.� Investment Banks Post Record 2006 Profit .....daaaaah! Churning and earning on worthless paper, where is that commission dollar coming from even as america has ceded solvency/leadership in every economic measure. Even at the lofty record numbers the indices are worth roughly half their value based on precipitous fall of the dollar in only 5 years with further downside to go. Superstitious �Santa Claus rally�.....riiiiight! High oil price rally.....riiiiight!� Total� bulls**t ! Retail sales up a very unexpected 1%, riiiiight, at the same time inventories of such goods rising substantially (do you think they�re booking sales to �straw men/companies�.....I do!) and oil inventories down. Fake employment numbers (from the government.....riiiiight!) the impetus for previous b.s. rally despite falling sentiment and uptick in unemployment. The ism services index (financed by unsustainable deficit/debt spending and pushing/commissioning worthless paper) and jawboning/bulls**t from the housing industry (the end is near.....riiiiight!), obfuscating mergers continued to cloud the picture, closely-watched core-PCE deflator had risen a more than expected 0.2%, second sub-50 reading on manufacturing activity in as many sessions-the November ISM index unexpectedly fell to 49.5 (consensus 52.0), Chicago PMI fell to its lowest level (49.9%) in October, and below the 50 level, indicating contraction, crude prices up� (OIL PRICES RISE ABOVE $63 A BARREL...), DOLLAR RESUMES SLIDE, Fed Chairman Bernanke & Co. cheerleading/jawboning/bulls**t, 3.2% decline in new home sales, oil inventories down and oil prices up, oil producers shun the dollar, Russia and Opec shift revenues into euros, yen and sterling..., all very bad news anywhere but in the fraudulent alice-in-wonderland world of wall street. Durable goods orders fell sharply, sentiment down, but supposedly used home sales rose slightly (riiiiight.....who says; the realtors/government who have been talking up this bubble market?) albeit at sharply lower prices. DOLLAR PLUNGES TO NEAR 15-YEAR LOW� In other words, no good news to justify the ridiculous up move by the alice-in-wonderland frauds of wall street. Worthless dollar, triple deficits, stock/options scandals/corruption, as some speculate that fed is behind purchases/manipulation (through proxy) of worthless american paper now being shunned by more rational market players abroad.� MARKETS ROCKED BY LONG OVERDUE BUT STILL MODEST RELATIVE TO REALITY SHARP SLIDE IN DOLLAR...There has never been a time since 1929 when stock prices and p/e ratios were so irrationally high for this point in a bull cycle in this indisputable secular bear market, particularly with the existing unprecedented structural economic problems, ie., trade and budget deficits, worthless dollar, scandals, fraud, corruption , etc.. In fact, unemployment unexpectedly rose substantially and consumer sentiment unexpectedly but similarly realistically fell, both very negative exept in the� fraudulent alice-in-wonderland world of wall street. Indeed, the housing bubble bursting with ie., unexpected 14% decline in starts/permits, etc., led to rally in the fraudulent alice-in-wonderland world of wall street. Obfuscating mergers help preclude detection of this massive and pervasive fraud which defies analysis owing to these mergers. New talking pointing: dell numbers exceed expectations depending upon ongoing government scrutiny of their accounting practices.....riiiiight! More contrived manipulated markets and data well as that previous unexpected rise in that global hub of manufacturing activity, New York (worthless paper is their real product, etc.) �..riiiiight!�.. underpins fraudulent up move. Reassuring Fed speak, also known as b**l s**t, along with IPO�s (get the suckers in at the highs as in late 90�s market bubble), and shrugging off pervasive stock/options fraud as at, ie., KB Homes, etc., leave stocks ridiculously higher. Nations leaving the worthless dollar in droves for currencies backed by value and for precious metals. Based on the self-interested statement of typical fraud american and fed rep, we hear once again the wishful thought that housing has bottomed.....right! [Reality/Truth: US housing slump deepens, spreads]. Home depot rallies despite lower than expected results and lower guidance for the year.....right! Who is stupid enough to believe anything the fraudulent criminal americans say. They are printing worthless dollars like mad. Consumer sentiment actually previously fell and there was nothing but wall street lunacy to prop the fraudulent market. The republicans who lockstepped with war criminal dumbya bush deserved to lose. The frauds on wall street now looking for the new corporate welfare program for which to sell the sizzle ie., stem cells, etc.. The know-nothing pundits are now saying the up move without any rational basis is predicated upon the the falsity that gridlock in washington is welcomed and good because no regulation of, ie., fraud on wall street, etc., can be passed. How about a tax on stock trades to come directly from the traders' (traitors/frauds) bottom lines and provide a disincentive for the churn-and-earn fraud which is tantamount to a wasteful tax on the economy. Even token Christian paulison from jew fraud wall street couldn't stem the tide against the blatent zionist/neocon/bush co failure accross the board as the wall street frauds show record profits financed, albeit indirectly, by huge deficits, both trade and budget. Obfuscating mergers blur the picture to provide cover for up move talking points in defiance of reality.� Stagflation and full employment revisions pre-election.....riiiiight. Productivity comes in at a less than expected 0 (inflationary). The only surprise should have been that the number wasn't negative. The pundits are now saying that the market/wall street fraud is in a state of denial regarding economic fundamentals and that the market is substantially overbought, overvalued, overfrauded, over, etc., the manufacturing index coming in lower than expectations. Consumer sentiment unexpectedly fell.....daaaaah. Pre-election core inflation rate report good �..riiiiight�..but savings rate still negative and walmart sales/profits/outlook substantially below expectations but what the heck, they�re wallstreet lunatics/frauds and reality is no problem. Despite pre-election deficit spending, GNP comes in a less than expected paltry 1.6% increase with worthless falling dollar the catch-22 precluding reality avoidance and the worst yet to come. More nations leaving the worthless dollar as reserve currency even as frauds on wall street reach new highs (What are they smoking? Coking? or like the dollar just cracking) based on corporate welfare flows with money the nation doesn't have pre-election (record deficits). Housing prices continue their sharp decline as bubble deflates. GM only lost 115 million. Ford lost 5.8 billion and must restate earnings back to year 2000 is a bullish sign in the fraudulent alice-in-wonderland lunatic world of wall street. Typical pre-fed meeting rally to provide a cushion for any negative pronouncements which reality would require but are seldom forthcoming by the accommodative frauds who have similarly embraced unreality. Indeed, the gutless wimps of wall street think they're "tough" when they fraudulently take the market higher despite a clearly contrary fact based reality. Caterpillar relates the pervasive reality and the frauds on wallstreet intimidate same with sell off, ignoring pervasive options scandal/fraud and rallies Merck despite lower than expectation results.....riiiiight! Election year corporate welfare to prime the pump and the mock stock market with money the nation doesn�t have (increasing already huge deficits). CPI figures (upon which government inflation adjusted payment obligations are based) lower than expected�..riiiiight! Intel earnings/revenues down sharply but according to the lunatic frauds on wall street, beat expectations and stock rallies along with yahoo which as in the pre-dot com bust days says better days are a coming�.. riiiiight Core inflation rate which is closely watched by the Fed exceeds all expectations. Fraud Merrill Lynch has really been pushing and commissioning that worthless paper and reports record earnings, despite having produced nothing and for very little if any value added (that ill-gotten money has to come from somewhere-your pockets?). The big economic report awaiting scrutiny was the monthly trade deficit which was expected to narrow but in fact INCREASED to 69.9 billion. The alice-in-wonderland lunatic wall street frauds rallied on the news as the dollar precipitously fell. The Fed Chairman said there is a "substantial correction" in housing, which will probably shave about 1% off growth in the second half of the year. The Institute of Supply Management said its services index fell to 52.9 in September -- the lowest level since April 2003. Great News�.. riiiiight!..... Consumer Confidence Higher Than Expected... riiiiight!..... and housing starts were down sharply but not-as-bad-as-expectations game in play US Existing Home Sales Fall 0.5% in August; Sales Price Drops Existing-home prices fall for 1st time in 11 years along with fed jaw-boning pre-election that inflation has been licked .....riiiiight �..despite printing worthless dollars like they�re going out of style because they really are! Fed did nothing and stocks rallied, pre-election.....riiiiight! What about the reality of u.s. debt service at a record unsustainable $2 billion per day on a revolving $2 trillion charge account with ie., China, etc.. The fact that foreclosures are up and that there is projected new trade deficit record, fake government inflation numbers for election year purposes, housing starts down 6% means little to the alice-in-wonderland lunatic frauds of wall street and the so-called pundits including yahoo below. Almost all computerized volume is and must be considered heavy, manipulated, economically wasteful volume [stocks move contrary to rational analytical facts (ie., exceeded lowered expectations, things so bad interest rates can�t rise, exceeded expectations, no earnings but outlook extraordinary, the fed says booo as they print more worthless dollars to finance deficits, etc. ) is money in the bank for the frauds on wall street when they unwind said irrational positions ]. Philadelphia Federal Reserve announces that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, leading economic indicators fall .2%, and previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows with b**l s**t from Yahoo (which didn�t even reference the record unanticipated trade gap):

There is nothing to rationally justify the previous up move or mixed results in the market other than what is tantamount to a negative, and based upon spurious data from the government; ie., fake government numbers said total PPI rose a smaller than expected 0.1% (consensus 0.4%) in July, which was well below the 0.5% jump in June, while the more closely watched core rate (ex-food and energy) unexpectedly (RIIIIIGHT!) fell 0.3% (consensus +0.2%) -- the first decline since October and the largest drop since a 0.5% decline in April 2003. Home Sales Decline in 28 States, D.C.. Real estate prices down/stagnant. But housing stocks�..up.....riiiiight!.....in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down.� Martin Crutsinger, AP Economics Writer, previously wrote,� U.S. Trade Deficit Falls 0.3 Percent in June to $64.8B, Offsetting Jump in Chinese Imports. Dell Recall Stems From sony Production Flaw� WASHINGTON (AP) -- America's trade deficit showed a slight improvement as strong global growth pushed U.S. exports to a record level. That helped offset a surge in Chinese imports and record crude oil prices. The deficit declined 0.3 percent in June, compared with May, dropping to $64.8 billion, still the fifth largest imbalance on record, the Commerce Department reported Thursday. The deficit is running at an annual rate of $768 billion through the first six months of this year, putting the country on track to see a fifth straight record imbalance. Last year's deficit was $716.7 billion. Prior considerations remain apposite in this clearly overvalued market. The frauds on wall street feel compelled to continue their tradition/superstition/fraud tactic of buying on the rumor and selling on the news (fact) of the Fed�s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money.� Yahoo previously commented: Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance....., to which I responded, Wild..... I�ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported and will now join gm in worker buyouts; but both GM and Ford will now offer built-in ipods which should substantially help their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Analyst says GM good news now behind it (past/discounted), yet stock still rose upon said analysis �..riiiiight�.. daaaaah! Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal, maybe even suspension, that has cast a harsh light on Silicon Valley's compensation practices. Don�t forget that GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland lunatic world of wall street is of course good news. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid (approx.) 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it�s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very commissionable (investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $57; yes, as in the last crash, they will get fooled again� as stocks up sharply in the fraudulent alice-in-wonderland lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the pundits/analysts are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley (who also says that in Europe bush�s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the �better than expectations� game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. Spotlight on the Stock Option Scandal-The share prices of companies involved in stock options backdating have held up well compared to the broader market. But shareholders might be in for a rougher ride. Plus, why the Nasdaq has its hands full. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived pearl harbor effect)/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/ and the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what�s up is down and what�s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they�ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin� to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don�t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)

"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006

WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):

The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

(1-31-07) Lunatics suckers �bear market/higher oil prices/fake economic report/fed speak (b.s. contrary to bernanke testimony before congress owing to implicit threat of prosecution for false statements)� rally into the close as the wall street fraud continues to suck the suckers in; ie., as the Dow Jones industrial average up 98.38, S&P up 9.42, and NASDAQ up 15.29, all very commissionable on heavy volume, as in final pre-election result push for bush, which fell very short but has provided the same pump-priming of the market as most recently seen in 1999 which ended quite badly even without the exacerbating effects of huge unsustainable and debilitating debt/deficits deferring/delaying/prolonging the inevitable reality even as entire domestic u.s. industries are rendered what is tantamount to defunct and with corporate welfare unwisely spent (war crimes, etc.). Fake economic growth report from the administration. Mergers and acquisitions continue to cloud the picture facilitating the fraud. Having beat fraudulent alice-in-wonderland lunatic world of wall street expectations with Record Loss of $12.7 Billion, the rally in Ford�s stock continues..... riiiiight! Fake numbers also a plus. Ford Posts Record Loss of $12.7 Billion.....stock rallies on the news.....riiiiight! P/E ratios far beyond the mean particularly for this stage in the cycle for selected securities (ie., 80+, etc.). Higher oil prices and fake indicators report spark rally.....riiiiight! Report on leading economic indicators is delayed (very unusual unless you understand the greater complexity in fudging same.....not to worry, fans of frauds on wall street.....the lunatic frauds will also get their churn-and-earn commission dollars on the way down).Fed Chairman Bernanke begins to euphemistically discuss reality on capital hill. PAPER: Condo market in DC, Vegas, Miami and Boston has collapsed... Euro displaces dollar in bond markets...Higher oil prices and fake numbers spurs rally. More fake job numbers (at best, hamburger helpers, etc.). Yahoo profit falls 61% but rallies 6% on b**l s**t alone. Jawboning by kohn of print-those-worthless-dollars fed raises market.....riiiiight! The ism services index fell, but that was down from an unexpectedly and fake strong read a month earlier, manufacturing index up slightly to 51.4 (they must be counting hamburgers as manufactured goods in u.s......riiiiight!) but fed knows they�ve been printing worthless dollars like mad which of course is hyperinflationary and will come home to roost, along with huge debt/deficits, trade and budget, Stores Report Disappointing Dec. Sales, Gap Woes Deepen in Bleak Holiday Season. Ford and GM auto sales down 13%. More reports in defiance of reality, oil prices up, Dollar Slides...,every intelligent analyst/economist knows that the new home sales number from the government is a total lie that will be revised downward later, that the options scandals are pervasive in fraudulent america (100 investigations just tip of the iceberg), oil stocks continue to rally on lower oil prices, as previously on pipeline explosion in Nigeria, spill in Gulf, and sanctions for Iran, and sharp FALL in oil prices.....riiiiight!.....predictions of disappointing retail sales even with fire-sale discounted prices,..... Highest increase (2%) in 30 years for the wholesale price index, and as well, the core ppi (1.3%), GDP growth less than expected at 2%, dollar sharply lower, oil prices up, building permits down, all unexpectedly bad but great news in the fraudulent alice-in-wonderland lunatic world of wall street. New Record Quarterly Trade Deficit initially spurred lunatic market rally along with obfuscating but very commissionable merger activity. Core inflation a very unexpected unchanged .....riiiiight!.....spurs superstitious, devoid of reality, santa rally.� Investment Banks Post Record 2006 Profit .....daaaaah! Churning and earning on worthless paper, where is that commission dollar coming from even as america has ceded solvency/leadership in every economic measure. Even at the lofty record numbers the indices are worth roughly half their value based on precipitous fall of the dollar in only 5 years with further downside to go. Superstitious �Santa Claus rally�.....riiiiight! High oil price rally.....riiiiight!� Total� bulls**t ! Retail sales up a very unexpected 1%, riiiiight, at the same time inventories of such goods rising substantially (do you think they�re booking sales to �straw men/companies�.....I do!) and oil inventories down. Fake employment numbers (from the government.....riiiiight!) the impetus for previous b.s. rally despite falling sentiment and uptick in unemployment. The ism services index (financed by unsustainable deficit/debt spending and pushing/commissioning worthless paper) and jawboning/bulls**t from the housing industry (the end is near.....riiiiight!), obfuscating mergers continued to cloud the picture, closely-watched core-PCE deflator had risen a more than expected 0.2%, second sub-50 reading on manufacturing activity in as many sessions-the November ISM index unexpectedly fell to 49.5 (consensus 52.0), Chicago PMI fell to its lowest level (49.9%) in October, and below the 50 level, indicating contraction, crude prices up� (OIL PRICES RISE ABOVE $63 A BARREL...), DOLLAR RESUMES SLIDE, Fed Chairman Bernanke & Co. cheerleading/jawboning/bulls**t, 3.2% decline in new home sales, oil inventories down and oil prices up, oil producers shun the dollar, Russia and Opec shift revenues into euros, yen and sterling..., all very bad news anywhere but in the fraudulent alice-in-wonderland world of wall street. Durable goods orders fell sharply, sentiment down, but supposedly used home sales rose slightly (riiiiight.....who says; the realtors/government who have been talking up this bubble market?) albeit at sharply lower prices. DOLLAR PLUNGES TO NEAR 15-YEAR LOW� In other words, no good news to justify the ridiculous up move by the alice-in-wonderland frauds of wall street. Worthless dollar, triple deficits, stock/options scandals/corruption, as some speculate that fed is behind purchases/manipulation (through proxy) of worthless american paper now being shunned by more rational market players abroad.� MARKETS ROCKED BY LONG OVERDUE BUT STILL MODEST RELATIVE TO REALITY SHARP SLIDE IN DOLLAR...There has never been a time since 1929 when stock prices and p/e ratios were so irrationally high for this point in a bull cycle in this indisputable secular bear market, particularly with the existing unprecedented structural economic problems, ie., trade and budget deficits, worthless dollar, scandals, fraud, corruption , etc.. In fact, unemployment unexpectedly rose substantially and consumer sentiment unexpectedly but similarly realistically fell, both very negative exept in the� fraudulent alice-in-wonderland world of wall street. Indeed, the housing bubble bursting with ie., unexpected 14% decline in starts/permits, etc., led to rally in the fraudulent alice-in-wonderland world of wall street. Obfuscating mergers help preclude detection of this massive and pervasive fraud which defies analysis owing to these mergers. New talking pointing: dell numbers exceed expectations depending upon ongoing government scrutiny of their accounting practices.....riiiiight! More contrived manipulated markets and data well as that previous unexpected rise in that global hub of manufacturing activity, New York (worthless paper is their real product, etc.) �..riiiiight!�.. underpins fraudulent up move. Reassuring Fed speak, also known as b**l s**t, along with IPO�s (get the suckers in at the highs as in late 90�s market bubble), and shrugging off pervasive stock/options fraud as at, ie., KB Homes, etc., leave stocks ridiculously higher. Nations leaving the worthless dollar in droves for currencies backed by value and for precious metals. Based on the self-interested statement of typical fraud american and fed rep, we hear once again the wishful thought that housing has bottomed.....right! [Reality/Truth: US housing slump deepens, spreads]. Home depot rallies despite lower than expected results and lower guidance for the year.....right! Who is stupid enough to believe anything the fraudulent criminal americans say. They are printing worthless dollars like mad. Consumer sentiment actually previously fell and there was nothing but wall street lunacy to prop the fraudulent market. The republicans who lockstepped with war criminal dumbya bush deserved to lose. The frauds on wall street now looking for the new corporate welfare program for which to sell the sizzle ie., stem cells, etc.. The know-nothing pundits are now saying the up move without any rational basis is predicated upon the the falsity that gridlock in washington is welcomed and good because no regulation of, ie., fraud on wall street, etc., can be passed. How about a tax on stock trades to come directly from the traders' (traitors/frauds) bottom lines and provide a disincentive for the churn-and-earn fraud which is tantamount to a wasteful tax on the economy. Even token Christian paulison from jew fraud wall street couldn't stem the tide against the blatent zionist/neocon/bush co failure accross the board as the wall street frauds show record profits financed, albeit indirectly, by huge deficits, both trade and budget. Obfuscating mergers blur the picture to provide cover for up move talking points in defiance of reality.� Stagflation and full employment revisions pre-election.....riiiiight. Productivity comes in at a less than expected 0 (inflationary). The only surprise should have been that the number wasn't negative. The pundits are now saying that the market/wall street fraud is in a state of denial regarding economic fundamentals and that the market is substantially overbought, overvalued, overfrauded, over, etc., the manufacturing index coming in lower than expectations. Consumer sentiment unexpectedly fell.....daaaaah. Pre-election core inflation rate report good �..riiiiight�..but savings rate still negative and walmart sales/profits/outlook substantially below expectations but what the heck, they�re wallstreet lunatics/frauds and reality is no problem. Despite pre-election deficit spending, GNP comes in a less than expected paltry 1.6% increase with worthless falling dollar the catch-22 precluding reality avoidance and the worst yet to come. More nations leaving the worthless dollar as reserve currency even as frauds on wall street reach new highs (What are they smoking? Coking? or like the dollar just cracking) based on corporate welfare flows with money the nation doesn't have pre-election (record deficits). Housing prices continue their sharp decline as bubble deflates. GM only lost 115 million. Ford lost 5.8 billion and must restate earnings back to year 2000 is a bullish sign in the fraudulent alice-in-wonderland lunatic world of wall street. Typical pre-fed meeting rally to provide a cushion for any negative pronouncements which reality would require but are seldom forthcoming by the accommodative frauds who have similarly embraced unreality. Indeed, the gutless wimps of wall street think they're "tough" when they fraudulently take the market higher despite a clearly contrary fact based reality. Caterpillar relates the pervasive reality and the frauds on wallstreet intimidate same with sell off, ignoring pervasive options scandal/fraud and rallies Merck despite lower than expectation results.....riiiiight! Election year corporate welfare to prime the pump and the mock stock market with money the nation doesn�t have (increasing already huge deficits). CPI figures (upon which government inflation adjusted payment obligations are based) lower than expected�..riiiiight! Intel earnings/revenues down sharply but according to the lunatic frauds on wall street, beat expectations and stock rallies along with yahoo which as in the pre-dot com bust days says better days are a coming�.. riiiiight Core inflation rate which is closely watched by the Fed exceeds all expectations. Fraud Merrill Lynch has really been pushing and commissioning that worthless paper and reports record earnings, despite having produced nothing and for very little if any value added (that ill-gotten money has to come from somewhere-your pockets?). The big economic report awaiting scrutiny was the monthly trade deficit which was expected to narrow but in fact INCREASED to 69.9 billion. The alice-in-wonderland lunatic wall street frauds rallied on the news as the dollar precipitously fell. The Fed Chairman said there is a "substantial correction" in housing, which will probably shave about 1% off growth in the second half of the year. The Institute of Supply Management said its services index fell to 52.9 in September -- the lowest level since April 2003. Great News�.. riiiiight!..... Consumer Confidence Higher Than Expected... riiiiight!..... and housing starts were down sharply but not-as-bad-as-expectations game in play US Existing Home Sales Fall 0.5% in August; Sales Price Drops Existing-home prices fall for 1st time in 11 years along with fed jaw-boning pre-election that inflation has been licked .....riiiiight �..despite printing worthless dollars like they�re going out of style because they really are! Fed did nothing and stocks rallied, pre-election.....riiiiight! What about the reality of u.s. debt service at a record unsustainable $2 billion per day on a revolving $2 trillion charge account with ie., China, etc.. The fact that foreclosures are up and that there is projected new trade deficit record, fake government inflation numbers for election year purposes, housing starts down 6% means little to the alice-in-wonderland lunatic frauds of wall street and the so-called pundits including yahoo below. Almost all computerized volume is and must be considered heavy, manipulated, economically wasteful volume [stocks move contrary to rational analytical facts (ie., exceeded lowered expectations, things so bad interest rates can�t rise, exceeded expectations, no earnings but outlook extraordinary, the fed says booo as they print more worthless dollars to finance deficits, etc. ) is money in the bank for the frauds on wall street when they unwind said irrational positions ]. Philadelphia Federal Reserve announces that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, leading economic indicators fall .2%, and previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows with b**l s**t from Yahoo (which didn�t even reference the record unanticipated trade gap):

There is nothing to rationally justify the previous up move or mixed results in the market other than what is tantamount to a negative, and based upon spurious data from the government; ie., fake government numbers said total PPI rose a smaller than expected 0.1% (consensus 0.4%) in July, which was well below the 0.5% jump in June, while the more closely watched core rate (ex-food and energy) unexpectedly (RIIIIIGHT!) fell 0.3% (consensus +0.2%) -- the first decline since October and the largest drop since a 0.5% decline in April 2003. Home Sales Decline in 28 States, D.C.. Real estate prices down/stagnant. But housing stocks�..up.....riiiiight!.....in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down.� Martin Crutsinger, AP Economics Writer, previously wrote,� U.S. Trade Deficit Falls 0.3 Percent in June to $64.8B, Offsetting Jump in Chinese Imports. Dell Recall Stems From sony Production Flaw� WASHINGTON (AP) -- America's trade deficit showed a slight improvement as strong global growth pushed U.S. exports to a record level. That helped offset a surge in Chinese imports and record crude oil prices. The deficit declined 0.3 percent in June, compared with May, dropping to $64.8 billion, still the fifth largest imbalance on record, the Commerce Department reported Thursday. The deficit is running at an annual rate of $768 billion through the first six months of this year, putting the country on track to see a fifth straight record imbalance. Last year's deficit was $716.7 billion. Prior considerations remain apposite in this clearly overvalued market. The frauds on wall street feel compelled to continue their tradition/superstition/fraud tactic of buying on the rumor and selling on the news (fact) of the Fed�s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money.� Yahoo previously commented: Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance....., to which I responded, Wild..... I�ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported and will now join gm in worker buyouts; but both GM and Ford will now offer built-in ipods which should substantially help their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Analyst says GM good news now behind it (past/discounted), yet stock still rose upon said analysis �..riiiiight�.. daaaaah! Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal, maybe even suspension, that has cast a harsh light on Silicon Valley's compensation practices. Don�t forget that GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland lunatic world of wall street is of course good news. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid (approx.) 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it�s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very commissionable (investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $56; yes, as in the last crash, they will get fooled again� as stocks up sharply in the fraudulent alice-in-wonderland lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the pundits/analysts are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley (who also says that in Europe bush�s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the �better than expectations� game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. Spotlight on the Stock Option Scandal-The share prices of companies involved in stock options backdating have held up well compared to the broader market. But shareholders might be in for a rougher ride. Plus, why the Nasdaq has its hands full. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived pearl harbor effect)/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/ and the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what�s up is down and what�s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they�ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin� to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don�t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)

"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006

WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):

The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

(1-30-07) Lunatics suckers bear market/higher oil prices rally into the close as the wall street fraud continues to suck the suckers in; ie., as the Dow Jones industrial average up 32.53, S&P up 8.20, and NASDAQ up 7.55, all very commissionable on heavy volume, as in final pre-election result push for bush, which fell very short but has provided the same pump-priming of the market as most recently seen in 1999 which ended quite badly even without the exacerbating effects of huge unsustainable and debilitating debt/deficits deferring/delaying/prolonging the inevitable reality even as entire domestic u.s. industries are rendered what is tantamount to defunct and with corporate welfare unwisely spent (war crimes, etc.). Mergers and acquisitions continue to cloud the picture facilitating the fraud. Having beat fraudulent alice-in-wonderland lunatic world of wall street expectations with Record Loss of $12.7 Billion, the rally in Ford�s stock continues..... riiiiight! Fake numbers also a plus. Ford Posts Record Loss of $12.7 Billion.....stock rallies on the news.....riiiiight! P/E ratios far beyond the mean particularly for this stage in the cycle for selected securities (ie., 80+, etc.). Higher oil prices and fake indicators report spark rally.....riiiiight! Report on leading economic indicators is delayed (very unusual unless you understand the greater complexity in fudging same.....not to worry, fans of frauds on wall street.....the lunatic frauds will also get their churn-and-earn commission dollars on the way down).Fed Chairman Bernanke begins to euphemistically discuss reality on capital hill. PAPER: Condo market in DC, Vegas, Miami and Boston has collapsed... Euro displaces dollar in bond markets...Higher oil prices and fake numbers spurs rally. More fake job numbers (at best, hamburger helpers, etc.). Yahoo profit falls 61% but rallies 6% on b**l s**t alone. Jawboning by kohn of print-those-worthless-dollars fed raises market.....riiiiight! The ism services index fell, but that was down from an unexpectedly and fake strong read a month earlier, manufacturing index up slightly to 51.4 (they must be counting hamburgers as manufactured goods in u.s......riiiiight!) but fed knows they�ve been printing worthless dollars like mad which of course is hyperinflationary and will come home to roost, along with huge debt/deficits, trade and budget, Stores Report Disappointing Dec. Sales, Gap Woes Deepen in Bleak Holiday Season. Ford and GM auto sales down 13%. More reports in defiance of reality, oil prices up, Dollar Slides...,every intelligent analyst/economist knows that the new home sales number from the government is a total lie that will be revised downward later, that the options scandals are pervasive in fraudulent america (100 investigations just tip of the iceberg), oil stocks continue to rally on lower oil prices, as previously on pipeline explosion in Nigeria, spill in Gulf, and sanctions for Iran, and sharp FALL in oil prices.....riiiiight!.....predictions of disappointing retail sales even with fire-sale discounted prices,..... Highest increase (2%) in 30 years for the wholesale price index, and as well, the core ppi (1.3%), GDP growth less than expected at 2%, dollar sharply lower, oil prices up, building permits down, all unexpectedly bad but great news in the fraudulent alice-in-wonderland lunatic world of wall street. New Record Quarterly Trade Deficit initially spurred lunatic market rally along with obfuscating but very commissionable merger activity. Core inflation a very unexpected unchanged .....riiiiight!.....spurs superstitious, devoid of reality, santa rally.� Investment Banks Post Record 2006 Profit .....daaaaah! Churning and earning on worthless paper, where is that commission dollar coming from even as america has ceded solvency/leadership in every economic measure. Even at the lofty record numbers the indices are worth roughly half their value based on precipitous fall of the dollar in only 5 years with further downside to go. Superstitious �Santa Claus rally�.....riiiiight! High oil price rally.....riiiiight!� Total� bulls**t ! Retail sales up a very unexpected 1%, riiiiight, at the same time inventories of such goods rising substantially (do you think they�re booking sales to �straw men/companies�.....I do!) and oil inventories down. Fake employment numbers (from the government.....riiiiight!) the impetus for previous b.s. rally despite falling sentiment and uptick in unemployment. The ism services index (financed by unsustainable deficit/debt spending and pushing/commissioning worthless paper) and jawboning/bulls**t from the housing industry (the end is near.....riiiiight!), obfuscating mergers continued to cloud the picture, closely-watched core-PCE deflator had risen a more than expected 0.2%, second sub-50 reading on manufacturing activity in as many sessions-the November ISM index unexpectedly fell to 49.5 (consensus 52.0), Chicago PMI fell to its lowest level (49.9%) in October, and below the 50 level, indicating contraction, crude prices up� (OIL PRICES RISE ABOVE $63 A BARREL...), DOLLAR RESUMES SLIDE, Fed Chairman Bernanke & Co. cheerleading/jawboning/bulls**t, 3.2% decline in new home sales, oil inventories down and oil prices up, oil producers shun the dollar, Russia and Opec shift revenues into euros, yen and sterling..., all very bad news anywhere but in the fraudulent alice-in-wonderland world of wall street. Durable goods orders fell sharply, sentiment down, but supposedly used home sales rose slightly (riiiiight.....who says; the realtors/government who have been talking up this bubble market?) albeit at sharply lower prices. DOLLAR PLUNGES TO NEAR 15-YEAR LOW� In other words, no good news to justify the ridiculous up move by the alice-in-wonderland frauds of wall street. Worthless dollar, triple deficits, stock/options scandals/corruption, as some speculate that fed is behind purchases/manipulation (through proxy) of worthless american paper now being shunned by more rational market players abroad.� MARKETS ROCKED BY LONG OVERDUE BUT STILL MODEST RELATIVE TO REALITY SHARP SLIDE IN DOLLAR...There has never been a time since 1929 when stock prices and p/e ratios were so irrationally high for this point in a bull cycle in this indisputable secular bear market, particularly with the existing unprecedented structural economic problems, ie., trade and budget deficits, worthless dollar, scandals, fraud, corruption , etc.. In fact, unemployment unexpectedly rose substantially and consumer sentiment unexpectedly but similarly realistically fell, both very negative exept in the� fraudulent alice-in-wonderland world of wall street. Indeed, the housing bubble bursting with ie., unexpected 14% decline in starts/permits, etc., led to rally in the fraudulent alice-in-wonderland world of wall street. Obfuscating mergers help preclude detection of this massive and pervasive fraud which defies analysis owing to these mergers. New talking pointing: dell numbers exceed expectations depending upon ongoing government scrutiny of their accounting practices.....riiiiight! More contrived manipulated markets and data well as that previous unexpected rise in that global hub of manufacturing activity, New York (worthless paper is their real product, etc.) �..riiiiight!�.. underpins fraudulent up move. Reassuring Fed speak, also known as b**l s**t, along with IPO�s (get the suckers in at the highs as in late 90�s market bubble), and shrugging off pervasive stock/options fraud as at, ie., KB Homes, etc., leave stocks ridiculously higher. Nations leaving the worthless dollar in droves for currencies backed by value and for precious metals. Based on the self-interested statement of typical fraud american and fed rep, we hear once again the wishful thought that housing has bottomed.....right! [Reality/Truth: US housing slump deepens, spreads]. Home depot rallies despite lower than expected results and lower guidance for the year.....right! Who is stupid enough to believe anything the fraudulent criminal americans say. They are printing worthless dollars like mad. Consumer sentiment actually previously fell and there was nothing but wall street lunacy to prop the fraudulent market. The republicans who lockstepped with war criminal dumbya bush deserved to lose. The frauds on wall street now looking for the new corporate welfare program for which to sell the sizzle ie., stem cells, etc.. The know-nothing pundits are now saying the up move without any rational basis is predicated upon the the falsity that gridlock in washington is welcomed and good because no regulation of, ie., fraud on wall street, etc., can be passed. How about a tax on stock trades to come directly from the traders' (traitors/frauds) bottom lines and provide a disincentive for the churn-and-earn fraud which is tantamount to a wasteful tax on the economy. Even token Christian paulison from jew fraud wall street couldn't stem the tide against the blatent zionist/neocon/bush co failure accross the board as the wall street frauds show record profits financed, albeit indirectly, by huge deficits, both trade and budget. Obfuscating mergers blur the picture to provide cover for up move talking points in defiance of reality.� Stagflation and full employment revisions pre-election.....riiiiight. Productivity comes in at a less than expected 0 (inflationary). The only surprise should have been that the number wasn't negative. The pundits are now saying that the market/wall street fraud is in a state of denial regarding economic fundamentals and that the market is substantially overbought, overvalued, overfrauded, over, etc., the manufacturing index coming in lower than expectations. Consumer sentiment unexpectedly fell.....daaaaah. Pre-election core inflation rate report good �..riiiiight�..but savings rate still negative and walmart sales/profits/outlook substantially below expectations but what the heck, they�re wallstreet lunatics/frauds and reality is no problem. Despite pre-election deficit spending, GNP comes in a less than expected paltry 1.6% increase with worthless falling dollar the catch-22 precluding reality avoidance and the worst yet to come. More nations leaving the worthless dollar as reserve currency even as frauds on wall street reach new highs (What are they smoking? Coking? or like the dollar just cracking) based on corporate welfare flows with money the nation doesn't have pre-election (record deficits). Housing prices continue their sharp decline as bubble deflates. GM only lost 115 million. Ford lost 5.8 billion and must restate earnings back to year 2000 is a bullish sign in the fraudulent alice-in-wonderland lunatic world of wall street. Typical pre-fed meeting rally to provide a cushion for any negative pronouncements which reality would require but are seldom forthcoming by the accommodative frauds who have similarly embraced unreality. Indeed, the gutless wimps of wall street think they're "tough" when they fraudulently take the market higher despite a clearly contrary fact based reality. Caterpillar relates the pervasive reality and the frauds on wallstreet intimidate same with sell off, ignoring pervasive options scandal/fraud and rallies Merck despite lower than expectation results.....riiiiight! Election year corporate welfare to prime the pump and the mock stock market with money the nation doesn�t have (increasing already huge deficits). CPI figures (upon which government inflation adjusted payment obligations are based) lower than expected�..riiiiight! Intel earnings/revenues down sharply but according to the lunatic frauds on wall street, beat expectations and stock rallies along with yahoo which as in the pre-dot com bust days says better days are a coming�.. riiiiight Core inflation rate which is closely watched by the Fed exceeds all expectations. Fraud Merrill Lynch has really been pushing and commissioning that worthless paper and reports record earnings, despite having produced nothing and for very little if any value added (that ill-gotten money has to come from somewhere-your pockets?). The big economic report awaiting scrutiny was the monthly trade deficit which was expected to narrow but in fact INCREASED to 69.9 billion. The alice-in-wonderland lunatic wall street frauds rallied on the news as the dollar precipitously fell. The Fed Chairman said there is a "substantial correction" in housing, which will probably shave about 1% off growth in the second half of the year. The Institute of Supply Management said its services index fell to 52.9 in September -- the lowest level since April 2003. Great News�.. riiiiight!..... Consumer Confidence Higher Than Expected... riiiiight!..... and housing starts were down sharply but not-as-bad-as-expectations game in play US Existing Home Sales Fall 0.5% in August; Sales Price Drops Existing-home prices fall for 1st time in 11 years along with fed jaw-boning pre-election that inflation has been licked .....riiiiight �..despite printing worthless dollars like they�re going out of style because they really are! Fed did nothing and stocks rallied, pre-election.....riiiiight! What about the reality of u.s. debt service at a record unsustainable $2 billion per day on a revolving $2 trillion charge account with ie., China, etc.. The fact that foreclosures are up and that there is projected new trade deficit record, fake government inflation numbers for election year purposes, housing starts down 6% means little to the alice-in-wonderland lunatic frauds of wall street and the so-called pundits including yahoo below. Almost all computerized volume is and must be considered heavy, manipulated, economically wasteful volume [stocks move contrary to rational analytical facts (ie., exceeded lowered expectations, things so bad interest rates can�t rise, exceeded expectations, no earnings but outlook extraordinary, the fed says booo as they print more worthless dollars to finance deficits, etc. ) is money in the bank for the frauds on wall street when they unwind said irrational positions ]. Philadelphia Federal Reserve announces that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, leading economic indicators fall .2%, and previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows with b**l s**t from Yahoo (which didn�t even reference the record unanticipated trade gap):

There is nothing to rationally justify the previous up move or mixed results in the market other than what is tantamount to a negative, and based upon spurious data from the government; ie., fake government numbers said total PPI rose a smaller than expected 0.1% (consensus 0.4%) in July, which was well below the 0.5% jump in June, while the more closely watched core rate (ex-food and energy) unexpectedly (RIIIIIGHT!) fell 0.3% (consensus +0.2%) -- the first decline since October and the largest drop since a 0.5% decline in April 2003. Home Sales Decline in 28 States, D.C.. Real estate prices down/stagnant. But housing stocks�..up.....riiiiight!.....in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down.� Martin Crutsinger, AP Economics Writer, previously wrote,� U.S. Trade Deficit Falls 0.3 Percent in June to $64.8B, Offsetting Jump in Chinese Imports. Dell Recall Stems From sony Production Flaw� WASHINGTON (AP) -- America's trade deficit showed a slight improvement as strong global growth pushed U.S. exports to a record level. That helped offset a surge in Chinese imports and record crude oil prices. The deficit declined 0.3 percent in June, compared with May, dropping to $64.8 billion, still the fifth largest imbalance on record, the Commerce Department reported Thursday. The deficit is running at an annual rate of $768 billion through the first six months of this year, putting the country on track to see a fifth straight record imbalance. Last year's deficit was $716.7 billion. Prior considerations remain apposite in this clearly overvalued market. The frauds on wall street feel compelled to continue their tradition/superstition/fraud tactic of buying on the rumor and selling on the news (fact) of the Fed�s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money.� Yahoo previously commented: Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance....., to which I responded, Wild..... I�ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported and will now join gm in worker buyouts; but both GM and Ford will now offer built-in ipods which should substantially help their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Analyst says GM good news now behind it (past/discounted), yet stock still rose upon said analysis �..riiiiight�.. daaaaah! Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal, maybe even suspension, that has cast a harsh light on Silicon Valley's compensation practices. Don�t forget that GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland lunatic world of wall street is of course good news. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid (approx.) 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it�s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very commissionable (investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $56; yes, as in the last crash, they will get fooled again� as stocks up sharply in the fraudulent alice-in-wonderland lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the pundits/analysts are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley (who also says that in Europe bush�s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the �better than expectations� game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. Spotlight on the Stock Option Scandal-The share prices of companies involved in stock options backdating have held up well compared to the broader market. But shareholders might be in for a rougher ride. Plus, why the Nasdaq has its hands full. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived pearl harbor effect)/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/ and the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what�s up is down and what�s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they�ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin� to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don�t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)

"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006

WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):

The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

(1-29-07) Stocks drop still only modestly relative to reality as the wall street fraud continues to suck the suckers in with suckers bear market rally into the close to end mixed; ie., as the Dow Jones industrial average up 3.76 S&P fell 1.56 ,and NASDAQ up 5.60, all very commissionable on heavy volume, as in final pre-election result push for bush, which fell very short but has provided the same pump-priming of the market as most recently seen in 1999 which ended quite badly even without the exacerbating effects of huge unsustainable and debilitating debt/deficits deferring/delaying/prolonging the inevitable reality even as entire domestic u.s. industries are rendered what is tantamount to defunct and with corporate welfare unwisely spent (war crimes, etc.). Mergers and acquisitions continue to cloud the picture facilitating the fraud. Having beat fraudulent alice-in-wonderland lunatic world of wall street expectations with Record Loss of $12.7 Billion, the rally in Ford�s stock continues..... riiiiight! Fake numbers also a plus. Ford Posts Record Loss of $12.7 Billion.....stock rallies on the news.....riiiiight! P/E ratios far beyond the mean particularly for this stage in the cycle for selected securities (ie., 80+, etc.). Higher oil prices and fake indicators report spark rally.....riiiiight! Report on leading economic indicators is delayed (very unusual unless you understand the greater complexity in fudging same.....not to worry, fans of frauds on wall street.....the lunatic frauds will also get their churn-and-earn commission dollars on the way down).Fed Chairman Bernanke begins to euphemistically discuss reality on capital hill. PAPER: Condo market in DC, Vegas, Miami and Boston has collapsed... Euro displaces dollar in bond markets...Higher oil prices and fake numbers spurs rally. More fake job numbers (at best, hamburger helpers, etc.). Yahoo profit falls 61% but rallies 6% on b**l s**t alone. Jawboning by kohn of print-those-worthless-dollars fed raises market.....riiiiight! The ism services index fell, but that was down from an unexpectedly and fake strong read a month earlier, manufacturing index up slightly to 51.4 (they must be counting hamburgers as manufactured goods in u.s......riiiiight!) but fed knows they�ve been printing worthless dollars like mad which of course is hyperinflationary and will come home to roost, along with huge debt/deficits, trade and budget, Stores Report Disappointing Dec. Sales, Gap Woes Deepen in Bleak Holiday Season. Ford and GM auto sales down 13%. More reports in defiance of reality, oil prices up, Dollar Slides...,every intelligent analyst/economist knows that the new home sales number from the government is a total lie that will be revised downward later, that the options scandals are pervasive in fraudulent america (100 investigations just tip of the iceberg), oil stocks continue to rally on lower oil prices, as previously on pipeline explosion in Nigeria, spill in Gulf, and sanctions for Iran, and sharp FALL in oil prices.....riiiiight!.....predictions of disappointing retail sales even with fire-sale discounted prices,..... Highest increase (2%) in 30 years for the wholesale price index, and as well, the core ppi (1.3%), GDP growth less than expected at 2%, dollar sharply lower, oil prices up, building permits down, all unexpectedly bad but great news in the fraudulent alice-in-wonderland lunatic world of wall street. New Record Quarterly Trade Deficit initially spurred lunatic market rally along with obfuscating but very commissionable merger activity. Core inflation a very unexpected unchanged .....riiiiight!.....spurs superstitious, devoid of reality, santa rally.� Investment Banks Post Record 2006 Profit .....daaaaah! Churning and earning on worthless paper, where is that commission dollar coming from even as america has ceded solvency/leadership in every economic measure. Even at the lofty record numbers the indices are worth roughly half their value based on precipitous fall of the dollar in only 5 years with further downside to go. Superstitious �Santa Claus rally�.....riiiiight! High oil price rally.....riiiiight!� Total� bulls**t ! Retail sales up a very unexpected 1%, riiiiight, at the same time inventories of such goods rising substantially (do you think they�re booking sales to �straw men/companies�.....I do!) and oil inventories down. Fake employment numbers (from the government.....riiiiight!) the impetus for previous b.s. rally despite falling sentiment and uptick in unemployment. The ism services index (financed by unsustainable deficit/debt spending and pushing/commissioning worthless paper) and jawboning/bulls**t from the housing industry (the end is near.....riiiiight!), obfuscating mergers continued to cloud the picture, closely-watched core-PCE deflator had risen a more than expected 0.2%, second sub-50 reading on manufacturing activity in as many sessions-the November ISM index unexpectedly fell to 49.5 (consensus 52.0), Chicago PMI fell to its lowest level (49.9%) in October, and below the 50 level, indicating contraction, crude prices up� (OIL PRICES RISE ABOVE $63 A BARREL...), DOLLAR RESUMES SLIDE, Fed Chairman Bernanke & Co. cheerleading/jawboning/bulls**t, 3.2% decline in new home sales, oil inventories down and oil prices up, oil producers shun the dollar, Russia and Opec shift revenues into euros, yen and sterling..., all very bad news anywhere but in the fraudulent alice-in-wonderland world of wall street. Durable goods orders fell sharply, sentiment down, but supposedly used home sales rose slightly (riiiiight.....who says; the realtors/government who have been talking up this bubble market?) albeit at sharply lower prices. DOLLAR PLUNGES TO NEAR 15-YEAR LOW� In other words, no good news to justify the ridiculous up move by the alice-in-wonderland frauds of wall street. Worthless dollar, triple deficits, stock/options scandals/corruption, as some speculate that fed is behind purchases/manipulation (through proxy) of worthless american paper now being shunned by more rational market players abroad.� MARKETS ROCKED BY LONG OVERDUE BUT STILL MODEST RELATIVE TO REALITY SHARP SLIDE IN DOLLAR...There has never been a time since 1929 when stock prices and p/e ratios were so irrationally high for this point in a bull cycle in this indisputable secular bear market, particularly with the existing unprecedented structural economic problems, ie., trade and budget deficits, worthless dollar, scandals, fraud, corruption , etc.. In fact, unemployment unexpectedly rose substantially and consumer sentiment unexpectedly but similarly realistically fell, both very negative exept in the� fraudulent alice-in-wonderland world of wall street. Indeed, the housing bubble bursting with ie., unexpected 14% decline in starts/permits, etc., led to rally in the fraudulent alice-in-wonderland world of wall street. Obfuscating mergers help preclude detection of this massive and pervasive fraud which defies analysis owing to these mergers. New talking pointing: dell numbers exceed expectations depending upon ongoing government scrutiny of their accounting practices.....riiiiight! More contrived manipulated markets and data well as that previous unexpected rise in that global hub of manufacturing activity, New York (worthless paper is their real product, etc.) �..riiiiight!�.. underpins fraudulent up move. Reassuring Fed speak, also known as b**l s**t, along with IPO�s (get the suckers in at the highs as in late 90�s market bubble), and shrugging off pervasive stock/options fraud as at, ie., KB Homes, etc., leave stocks ridiculously higher. Nations leaving the worthless dollar in droves for currencies backed by value and for precious metals. Based on the self-interested statement of typical fraud american and fed rep, we hear once again the wishful thought that housing has bottomed.....right! [Reality/Truth: US housing slump deepens, spreads]. Home depot rallies despite lower than expected results and lower guidance for the year.....right! Who is stupid enough to believe anything the fraudulent criminal americans say. They are printing worthless dollars like mad. Consumer sentiment actually previously fell and there was nothing but wall street lunacy to prop the fraudulent market. The republicans who lockstepped with war criminal dumbya bush deserved to lose. The frauds on wall street now looking for the new corporate welfare program for which to sell the sizzle ie., stem cells, etc.. The know-nothing pundits are now saying the up move without any rational basis is predicated upon the the falsity that gridlock in washington is welcomed and good because no regulation of, ie., fraud on wall street, etc., can be passed. How about a tax on stock trades to come directly from the traders' (traitors/frauds) bottom lines and provide a disincentive for the churn-and-earn fraud which is tantamount to a wasteful tax on the economy. Even token Christian paulison from jew fraud wall street couldn't stem the tide against the blatent zionist/neocon/bush co failure accross the board as the wall street frauds show record profits financed, albeit indirectly, by huge deficits, both trade and budget. Obfuscating mergers blur the picture to provide cover for up move talking points in defiance of reality.� Stagflation and full employment revisions pre-election.....riiiiight. Productivity comes in at a less than expected 0 (inflationary). The only surprise should have been that the number wasn't negative. The pundits are now saying that the market/wall street fraud is in a state of denial regarding economic fundamentals and that the market is substantially overbought, overvalued, overfrauded, over, etc., the manufacturing index coming in lower than expectations. Consumer sentiment unexpectedly fell.....daaaaah. Pre-election core inflation rate report good �..riiiiight�..but savings rate still negative and walmart sales/profits/outlook substantially below expectations but what the heck, they�re wallstreet lunatics/frauds and reality is no problem. Despite pre-election deficit spending, GNP comes in a less than expected paltry 1.6% increase with worthless falling dollar the catch-22 precluding reality avoidance and the worst yet to come. More nations leaving the worthless dollar as reserve currency even as frauds on wall street reach new highs (What are they smoking? Coking? or like the dollar just cracking) based on corporate welfare flows with money the nation doesn't have pre-election (record deficits). Housing prices continue their sharp decline as bubble deflates. GM only lost 115 million. Ford lost 5.8 billion and must restate earnings back to year 2000 is a bullish sign in the fraudulent alice-in-wonderland lunatic world of wall street. Typical pre-fed meeting rally to provide a cushion for any negative pronouncements which reality would require but are seldom forthcoming by the accommodative frauds who have similarly embraced unreality. Indeed, the gutless wimps of wall street think they're "tough" when they fraudulently take the market higher despite a clearly contrary fact based reality. Caterpillar relates the pervasive reality and the frauds on wallstreet intimidate same with sell off, ignoring pervasive options scandal/fraud and rallies Merck despite lower than expectation results.....riiiiight! Election year corporate welfare to prime the pump and the mock stock market with money the nation doesn�t have (increasing already huge deficits). CPI figures (upon which government inflation adjusted payment obligations are based) lower than expected�..riiiiight! Intel earnings/revenues down sharply but according to the lunatic frauds on wall street, beat expectations and stock rallies along with yahoo which as in the pre-dot com bust days says better days are a coming�.. riiiiight Core inflation rate which is closely watched by the Fed exceeds all expectations. Fraud Merrill Lynch has really been pushing and commissioning that worthless paper and reports record earnings, despite having produced nothing and for very little if any value added (that ill-gotten money has to come from somewhere-your pockets?). The big economic report awaiting scrutiny was the monthly trade deficit which was expected to narrow but in fact INCREASED to 69.9 billion. The alice-in-wonderland lunatic wall street frauds rallied on the news as the dollar precipitously fell. The Fed Chairman said there is a "substantial correction" in housing, which will probably shave about 1% off growth in the second half of the year. The Institute of Supply Management said its services index fell to 52.9 in September -- the lowest level since April 2003. Great News�.. riiiiight!..... Consumer Confidence Higher Than Expected... riiiiight!..... and housing starts were down sharply but not-as-bad-as-expectations game in play US Existing Home Sales Fall 0.5% in August; Sales Price Drops Existing-home prices fall for 1st time in 11 years along with fed jaw-boning pre-election that inflation has been licked .....riiiiight �..despite printing worthless dollars like they�re going out of style because they really are! Fed did nothing and stocks rallied, pre-election.....riiiiight! What about the reality of u.s. debt service at a record unsustainable $2 billion per day on a revolving $2 trillion charge account with ie., China, etc.. The fact that foreclosures are up and that there is projected new trade deficit record, fake government inflation numbers for election year purposes, housing starts down 6% means little to the alice-in-wonderland lunatic frauds of wall street and the so-called pundits including yahoo below. Almost all computerized volume is and must be considered heavy, manipulated, economically wasteful volume [stocks move contrary to rational analytical facts (ie., exceeded lowered expectations, things so bad interest rates can�t rise, exceeded expectations, no earnings but outlook extraordinary, the fed says booo as they print more worthless dollars to finance deficits, etc. ) is money in the bank for the frauds on wall street when they unwind said irrational positions ]. Philadelphia Federal Reserve announces that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, leading economic indicators fall .2%, and previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows with b**l s**t from Yahoo (which didn�t even reference the record unanticipated trade gap):

There is nothing to rationally justify the previous up move or mixed results in the market other than what is tantamount to a negative, and based upon spurious data from the government; ie., fake government numbers said total PPI rose a smaller than expected 0.1% (consensus 0.4%) in July, which was well below the 0.5% jump in June, while the more closely watched core rate (ex-food and energy) unexpectedly (RIIIIIGHT!) fell 0.3% (consensus +0.2%) -- the first decline since October and the largest drop since a 0.5% decline in April 2003. Home Sales Decline in 28 States, D.C.. Real estate prices down/stagnant. But housing stocks�..up.....riiiiight!.....in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down.� Martin Crutsinger, AP Economics Writer, previously wrote,� U.S. Trade Deficit Falls 0.3 Percent in June to $64.8B, Offsetting Jump in Chinese Imports. Dell Recall Stems From sony Production Flaw� WASHINGTON (AP) -- America's trade deficit showed a slight improvement as strong global growth pushed U.S. exports to a record level. That helped offset a surge in Chinese imports and record crude oil prices. The deficit declined 0.3 percent in June, compared with May, dropping to $64.8 billion, still the fifth largest imbalance on record, the Commerce Department reported Thursday. The deficit is running at an annual rate of $768 billion through the first six months of this year, putting the country on track to see a fifth straight record imbalance. Last year's deficit was $716.7 billion. Prior considerations remain apposite in this clearly overvalued market. The frauds on wall street feel compelled to continue their tradition/superstition/fraud tactic of buying on the rumor and selling on the news (fact) of the Fed�s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money.� Yahoo previously commented: Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance....., to which I responded, Wild..... I�ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported and will now join gm in worker buyouts; but both GM and Ford will now offer built-in ipods which should substantially help their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Analyst says GM good news now behind it (past/discounted), yet stock still rose upon said analysis �..riiiiight�.. daaaaah! Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal, maybe even suspension, that has cast a harsh light on Silicon Valley's compensation practices. Don�t forget that GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland lunatic world of wall street is of course good news. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid (approx.) 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it�s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very commissionable (investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $53; yes, as in the last crash, they will get fooled again� as stocks up sharply in the fraudulent alice-in-wonderland lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the pundits/analysts are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley (who also says that in Europe bush�s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the �better than expectations� game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. Spotlight on the Stock Option Scandal-The share prices of companies involved in stock options backdating have held up well compared to the broader market. But shareholders might be in for a rougher ride. Plus, why the Nasdaq has its hands full. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived pearl harbor effect)/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/ and the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what�s up is down and what�s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they�ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin� to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don�t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)

"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006

WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):

The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

(1-26-07) Stocks drop still only modestly relative to reality as the wall street fraud continues to suck the suckers in with suckers bear market rally into the close to end mixed; ie., as the Dow Jones industrial average fell 15.54 S&P fell 1.72 ,and NASDAQ up 1.25, all very commissionable on heavy volume, as in final pre-election result push for bush, which fell very short but has provided the same pump-priming of the market as most recently seen in 1999 which ended quite badly even without the exacerbating effects of huge unsustainable and debilitating debt/deficits deferring/delaying/prolonging the inevitable reality even as entire domestic u.s. industries are rendered what is tantamount to defunct and with corporate welfare unwisely spent (war crimes, etc.). Having beat fraudulent alice-in-wonderland lunatic world of wall street expectations with Record Loss of $12.7 Billion, the rally in Ford�s stock continues..... riiiiight! Fake numbers also a plus. Ford Posts Record Loss of $12.7 Billion.....stock rallies on the news.....riiiiight! P/E ratios far beyond the mean particularly for this stage in the cycle for selected securities (ie., 80+, etc.). Higher oil prices and fake indicators report spark rally.....riiiiight! Report on leading economic indicators is delayed (very unusual unless you understand the greater complexity in fudging same.....not to worry, fans of frauds on wall street.....the lunatic frauds will also get their churn-and-earn commission dollars on the way down).Fed Chairman Bernanke begins to euphemistically discuss reality on capital hill. PAPER: Condo market in DC, Vegas, Miami and Boston has collapsed... Euro displaces dollar in bond markets...Higher oil prices and fake numbers spurs rally. More fake job numbers (at best, hamburger helpers, etc.). Yahoo profit falls 61% but rallies 6% on b**l s**t alone.Jawboning by kohn of print-those-worthless-dollars fed raises market.....riiiiight! The ism services index fell, but that was down from an unexpectedly and fake strong read a month earlier, manufacturing index up slightly to 51.4 (they must be counting hamburgers as manufactured goods in u.s......riiiiight!) but fed knows they�ve been printing worthless dollars like mad which of course is hyperinflationary and will come home to roost, along with huge debt/deficits, trade and budget, Stores Report Disappointing Dec. Sales, Gap Woes Deepen in Bleak Holiday Season. Ford and GM auto sales down 13%. More reports in defiance of reality, oil prices up, Dollar Slides...,every intelligent analyst/economist knows that the new home sales number from the government is a total lie that will be revised downward later, that the options scandals are pervasive in fraudulent america (100 investigations just tip of the iceberg), oil stocks continue to rally on lower oil prices, as previously on pipeline explosion in Nigeria, spill in Gulf, and sanctions for Iran, and sharp FALL in oil prices.....riiiiight!.....predictions of disappointing retail sales even with fire-sale discounted prices,..... Highest increase (2%) in 30 years for the wholesale price index, and as well, the core ppi (1.3%), GDP growth less than expected at 2%, dollar sharply lower, oil prices up, building permits down, all unexpectedly bad but great news in the fraudulent alice-in-wonderland lunatic world of wall street. New Record Quarterly Trade Deficit initially spurred lunatic market rally along with obfuscating but very commissionable merger activity. Core inflation a very unexpected unchanged .....riiiiight!.....spurs superstitious, devoid of reality, santa rally.� Investment Banks Post Record 2006 Profit .....daaaaah! Churning and earning on worthless paper, where is that commission dollar coming from even as america has ceded solvency/leadership in every economic measure. Even at the lofty record numbers the indices are worth roughly half their value based on precipitous fall of the dollar in only 5 years with further downside to go. Superstitious �Santa Claus rally�.....riiiiight! High oil price rally.....riiiiight!� Total� bulls**t ! Retail sales up a very unexpected 1%, riiiiight, at the same time inventories of such goods rising substantially (do you think they�re booking sales to �straw men/companies�.....I do!) and oil inventories down. Fake employment numbers (from the government.....riiiiight!) the impetus for previous b.s. rally despite falling sentiment and uptick in unemployment. The ism services index (financed by unsustainable deficit/debt spending and pushing/commissioning worthless paper) and jawboning/bulls**t from the housing industry (the end is near.....riiiiight!), obfuscating mergers continued to cloud the picture, closely-watched core-PCE deflator had risen a more than expected 0.2%, second sub-50 reading on manufacturing activity in as many sessions-the November ISM index unexpectedly fell to 49.5 (consensus 52.0), Chicago PMI fell to its lowest level (49.9%) in October, and below the 50 level, indicating contraction, crude prices up� (OIL PRICES RISE ABOVE $63 A BARREL...), DOLLAR RESUMES SLIDE, Fed Chairman Bernanke & Co. cheerleading/jawboning/bulls**t, 3.2% decline in new home sales, oil inventories down and oil prices up, oil producers shun the dollar, Russia and Opec shift revenues into euros, yen and sterling..., all very bad news anywhere but in the fraudulent alice-in-wonderland world of wall street. Durable goods orders fell sharply, sentiment down, but supposedly used home sales rose slightly (riiiiight.....who says; the realtors/government who have been talking up this bubble market?) albeit at sharply lower prices. DOLLAR PLUNGES TO NEAR 15-YEAR LOW� In other words, no good news to justify the ridiculous up move by the alice-in-wonderland frauds of wall street. Worthless dollar, triple deficits, stock/options scandals/corruption, as some speculate that fed is behind purchases/manipulation (through proxy) of worthless american paper now being shunned by more rational market players abroad.� MARKETS ROCKED BY LONG OVERDUE BUT STILL MODEST RELATIVE TO REALITY SHARP SLIDE IN DOLLAR...There has never been a time since 1929 when stock prices and p/e ratios were so irrationally high for this point in a bull cycle in this indisputable secular bear market, particularly with the existing unprecedented structural economic problems, ie., trade and budget deficits, worthless dollar, scandals, fraud, corruption , etc.. In fact, unemployment unexpectedly rose substantially and consumer sentiment unexpectedly but similarly realistically fell, both very negative exept in the� fraudulent alice-in-wonderland world of wall street. Indeed, the housing bubble bursting with ie., unexpected 14% decline in starts/permits, etc., led to rally in the fraudulent alice-in-wonderland world of wall street. Obfuscating mergers help preclude detection of this massive and pervasive fraud which defies analysis owing to these mergers. New talking pointing: dell numbers exceed expectations depending upon ongoing government scrutiny of their accounting practices.....riiiiight! More contrived manipulated markets and data well as that previous unexpected rise in that global hub of manufacturing activity, New York (worthless paper is their real product, etc.) �..riiiiight!�.. underpins fraudulent up move. Reassuring Fed speak, also known as b**l s**t, along with IPO�s (get the suckers in at the highs as in late 90�s market bubble), and shrugging off pervasive stock/options fraud as at, ie., KB Homes, etc., leave stocks ridiculously higher. Nations leaving the worthless dollar in droves for currencies backed by value and for precious metals. Based on the self-interested statement of typical fraud american and fed rep, we hear once again the wishful thought that housing has bottomed.....right! [Reality/Truth: US housing slump deepens, spreads]. Home depot rallies despite lower than expected results and lower guidance for the year.....right! Who is stupid enough to believe anything the fraudulent criminal americans say. They are printing worthless dollars like mad. Consumer sentiment actually previously fell and there was nothing but wall street lunacy to prop the fraudulent market. The republicans who lockstepped with war criminal dumbya bush deserved to lose. The frauds on wall street now looking for the new corporate welfare program for which to sell the sizzle ie., stem cells, etc.. The know-nothing pundits are now saying the up move without any rational basis is predicated upon the the falsity that gridlock in washington is welcomed and good because no regulation of, ie., fraud on wall street, etc., can be passed. How about a tax on stock trades to come directly from the traders' (traitors/frauds) bottom lines and provide a disincentive for the churn-and-earn fraud which is tantamount to a wasteful tax on the economy. Even token Christian paulison from jew fraud wall street couldn't stem the tide against the blatent zionist/neocon/bush co failure accross the board as the wall street frauds show record profits financed, albeit indirectly, by huge deficits, both trade and budget. Obfuscating mergers blur the picture to provide cover for up move talking points in defiance of reality.� Stagflation and full employment revisions pre-election.....riiiiight. Productivity comes in at a less than expected 0 (inflationary). The only surprise should have been that the number wasn't negative. The pundits are now saying that the market/wall street fraud is in a state of denial regarding economic fundamentals and that the market is substantially overbought, overvalued, overfrauded, over, etc., the manufacturing index coming in lower than expectations. Consumer sentiment unexpectedly fell.....daaaaah. Pre-election core inflation rate report good �..riiiiight�..but savings rate still negative and walmart sales/profits/outlook substantially below expectations but what the heck, they�re wallstreet lunatics/frauds and reality is no problem. Despite pre-election deficit spending, GNP comes in a less than expected paltry 1.6% increase with worthless falling dollar the catch-22 precluding reality avoidance and the worst yet to come. More nations leaving the worthless dollar as reserve currency even as frauds on wall street reach new highs (What are they smoking? Coking? or like the dollar just cracking) based on corporate welfare flows with money the nation doesn't have pre-election (record deficits). Housing prices continue their sharp decline as bubble deflates. GM only lost 115 million. Ford lost 5.8 billion and must restate earnings back to year 2000 is a bullish sign in the fraudulent alice-in-wonderland lunatic world of wall street. Typical pre-fed meeting rally to provide a cushion for any negative pronouncements which reality would require but are seldom forthcoming by the accommodative frauds who have similarly embraced unreality. Indeed, the gutless wimps of wall street think they're "tough" when they fraudulently take the market higher despite a clearly contrary fact based reality. Caterpillar relates the pervasive reality and the frauds on wallstreet intimidate same with sell off, ignoring pervasive options scandal/fraud and rallies Merck despite lower than expectation results.....riiiiight! Election year corporate welfare to prime the pump and the mock stock market with money the nation doesn�t have (increasing already huge deficits). CPI figures (upon which government inflation adjusted payment obligations are based) lower than expected�..riiiiight! Intel earnings/revenues down sharply but according to the lunatic frauds on wall street, beat expectations and stock rallies along with yahoo which as in the pre-dot com bust days says better days are a coming�.. riiiiight Core inflation rate which is closely watched by the Fed exceeds all expectations. Fraud Merrill Lynch has really been pushing and commissioning that worthless paper and reports record earnings, despite having produced nothing and for very little if any value added (that ill-gotten money has to come from somewhere-your pockets?). The big economic report awaiting scrutiny was the monthly trade deficit which was expected to narrow but in fact INCREASED to 69.9 billion. The alice-in-wonderland lunatic wall street frauds rallied on the news as the dollar precipitously fell. The Fed Chairman said there is a "substantial correction" in housing, which will probably shave about 1% off growth in the second half of the year. The Institute of Supply Management said its services index fell to 52.9 in September -- the lowest level since April 2003. Great News�.. riiiiight!..... Consumer Confidence Higher Than Expected... riiiiight!..... and housing starts were down sharply but not-as-bad-as-expectations game in play US Existing Home Sales Fall 0.5% in August; Sales Price Drops Existing-home prices fall for 1st time in 11 years along with fed jaw-boning pre-election that inflation has been licked .....riiiiight �..despite printing worthless dollars like they�re going out of style because they really are! Fed did nothing and stocks rallied, pre-election.....riiiiight! What about the reality of u.s. debt service at a record unsustainable $2 billion per day on a revolving $2 trillion charge account with ie., China, etc.. The fact that foreclosures are up and that there is projected new trade deficit record, fake government inflation numbers for election year purposes, housing starts down 6% means little to the alice-in-wonderland lunatic frauds of wall street and the so-called pundits including yahoo below. Almost all computerized volume is and must be considered heavy, manipulated, economically wasteful volume [stocks move contrary to rational analytical facts (ie., exceeded lowered expectations, things so bad interest rates can�t rise, exceeded expectations, no earnings but outlook extraordinary, the fed says booo as they print more worthless dollars to finance deficits, etc. ) is money in the bank for the frauds on wall street when they unwind said irrational positions ]. Philadelphia Federal Reserve announces that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, leading economic indicators fall .2%, and previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows with b**l s**t from Yahoo (which didn�t even reference the record unanticipated trade gap):

There is nothing to rationally justify the previous up move or mixed results in the market other than what is tantamount to a negative, and based upon spurious data from the government; ie., fake government numbers said total PPI rose a smaller than expected 0.1% (consensus 0.4%) in July, which was well below the 0.5% jump in June, while the more closely watched core rate (ex-food and energy) unexpectedly (RIIIIIGHT!) fell 0.3% (consensus +0.2%) -- the first decline since October and the largest drop since a 0.5% decline in April 2003. Home Sales Decline in 28 States, D.C.. Real estate prices down/stagnant. But housing stocks�..up.....riiiiight!.....in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down.� Martin Crutsinger, AP Economics Writer, previously wrote,� U.S. Trade Deficit Falls 0.3 Percent in June to $64.8B, Offsetting Jump in Chinese Imports. Dell Recall Stems From sony Production Flaw� WASHINGTON (AP) -- America's trade deficit showed a slight improvement as strong global growth pushed U.S. exports to a record level. That helped offset a surge in Chinese imports and record crude oil prices. The deficit declined 0.3 percent in June, compared with May, dropping to $64.8 billion, still the fifth largest imbalance on record, the Commerce Department reported Thursday. The deficit is running at an annual rate of $768 billion through the first six months of this year, putting the country on track to see a fifth straight record imbalance. Last year's deficit was $716.7 billion. Prior considerations remain apposite in this clearly overvalued market. The frauds on wall street feel compelled to continue their tradition/superstition/fraud tactic of buying on the rumor and selling on the news (fact) of the Fed�s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money.� Yahoo previously commented: Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance....., to which I responded, Wild..... I�ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported and will now join gm in worker buyouts; but both GM and Ford will now offer built-in ipods which should substantially help their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Analyst says GM good news now behind it (past/discounted), yet stock still rose upon said analysis �..riiiiight�.. daaaaah! Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal, maybe even suspension, that has cast a harsh light on Silicon Valley's compensation practices. Don�t forget that GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland lunatic world of wall street is of course good news. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid (approx.) 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it�s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very commissionable (investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $54; yes, as in the last crash, they will get fooled again� as stocks up sharply in the fraudulent alice-in-wonderland lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the pundits/analysts are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley (who also says that in Europe bush�s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the �better than expectations� game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. Spotlight on the Stock Option Scandal-The share prices of companies involved in stock options backdating have held up well compared to the broader market. But shareholders might be in for a rougher ride. Plus, why the Nasdaq has its hands full. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived pearl harbor effect)/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/ and the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what�s up is down and what�s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they�ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin� to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don�t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)

"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006

WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):

The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

(1-25-07) Stocks drop still only modestly relative to reality as the wall street fraud continues to suck the suckers in; ie., as the Dow Jones industrial average fell 119.21 S&P fell 16.23 ,and NASDAQ fell 32.04, all very commissionable on heavy volume, as in final pre-election result push for bush, which fell very short but has provided the same pump-priming of the market as most recently seen in 1999 which ended quite badly even without the exacerbating effects of huge unsustainable and debilitating debt/deficits deferring/delaying/prolonging the inevitable reality even as entire domestic u.s. industries are rendered what is tantamount to defunct and with corporate welfare unwisely spent (war crimes, etc.). Ford Posts Record Loss of $12.7 Billion.....stock rallies on the news.....riiiiight! P/E ratios far beyond the mean particularly for this stage in the cycle for selected securities (ie., 80+, etc.). Higher oil prices and fake indicators report spark rally.....riiiiight! Report on leading economic indicators is delayed (very unusual unless you understand the greater complexity in fudging same.....not to worry, fans of frauds on wall street.....the lunatic frauds will also get their churn-and-earn commission dollars on the way down).Fed Chairman Bernanke begins to euphemistically discuss reality on capital hill. PAPER: Condo market in DC, Vegas, Miami and Boston has collapsed... Euro displaces dollar in bond markets...Higher oil prices and fake numbers spurs rally. More fake job numbers (at best, hamburger helpers, etc.). Yahoo profit falls 61% but rallies 6% on b**l s**t alone. Jawboning by kohn of print-those-worthless-dollars fed raises market.....riiiiight! The ism services index fell, but that was down from an unexpectedly and fake strong read a month earlier, manufacturing index up slightly to 51.4 (they must be counting hamburgers as manufactured goods in u.s......riiiiight!) but fed knows they�ve been printing worthless dollars like mad which of course is hyperinflationary and will come home to roost, along with huge debt/deficits, trade and budget, Stores Report Disappointing Dec. Sales, Gap Woes Deepen in Bleak Holiday Season. Ford and GM auto sales down 13%. More reports in defiance of reality, oil prices up, Dollar Slides...,every intelligent analyst/economist knows that the new home sales number from the government is a total lie that will be revised downward later, that the options scandals are pervasive in fraudulent america (100 investigations just tip of the iceberg), oil stocks continue to rally on lower oil prices, as previously on pipeline explosion in Nigeria, spill in Gulf, and sanctions for Iran, and sharp FALL in oil prices.....riiiiight!.....predictions of disappointing retail sales even with fire-sale discounted prices,..... Highest increase (2%) in 30 years for the wholesale price index, and as well, the core ppi (1.3%), GDP growth less than expected at 2%, dollar sharply lower, oil prices up, building permits down, all unexpectedly bad but great news in the fraudulent alice-in-wonderland lunatic world of wall street. New Record Quarterly Trade Deficit initially spurred lunatic market rally along with obfuscating but very commissionable merger activity. Core inflation a very unexpected unchanged .....riiiiight!.....spurs superstitious, devoid of reality, santa rally.� Investment Banks Post Record 2006 Profit .....daaaaah! Churning and earning on worthless paper, where is that commission dollar coming from even as america has ceded solvency/leadership in every economic measure. Even at the lofty record numbers the indices are worth roughly half their value based on precipitous fall of the dollar in only 5 years with further downside to go. Superstitious �Santa Claus rally�.....riiiiight! High oil price rally.....riiiiight!� Total� bulls**t ! Retail sales up a very unexpected 1%, riiiiight, at the same time inventories of such goods rising substantially (do you think they�re booking sales to �straw men/companies�.....I do!) and oil inventories down. Fake employment numbers (from the government.....riiiiight!) the impetus for previous b.s. rally despite falling sentiment and uptick in unemployment. The ism services index (financed by unsustainable deficit/debt spending and pushing/commissioning worthless paper) and jawboning/bulls**t from the housing industry (the end is near.....riiiiight!), obfuscating mergers continued to cloud the picture, closely-watched core-PCE deflator had risen a more than expected 0.2%, second sub-50 reading on manufacturing activity in as many sessions-the November ISM index unexpectedly fell to 49.5 (consensus 52.0), Chicago PMI fell to its lowest level (49.9%) in October, and below the 50 level, indicating contraction, crude prices up� (OIL PRICES RISE ABOVE $63 A BARREL...), DOLLAR RESUMES SLIDE, Fed Chairman Bernanke & Co. cheerleading/jawboning/bulls**t, 3.2% decline in new home sales, oil inventories down and oil prices up, oil producers shun the dollar, Russia and Opec shift revenues into euros, yen and sterling..., all very bad news anywhere but in the fraudulent alice-in-wonderland world of wall street. Durable goods orders fell sharply, sentiment down, but supposedly used home sales rose slightly (riiiiight.....who says; the realtors/government who have been talking up this bubble market?) albeit at sharply lower prices. DOLLAR PLUNGES TO NEAR 15-YEAR LOW� In other words, no good news to justify the ridiculous up move by the alice-in-wonderland frauds of wall street. Worthless dollar, triple deficits, stock/options scandals/corruption, as some speculate that fed is behind purchases/manipulation (through proxy) of worthless american paper now being shunned by more rational market players abroad.� MARKETS ROCKED BY LONG OVERDUE BUT STILL MODEST RELATIVE TO REALITY SHARP SLIDE IN DOLLAR...There has never been a time since 1929 when stock prices and p/e ratios were so irrationally high for this point in a bull cycle in this indisputable secular bear market, particularly with the existing unprecedented structural economic problems, ie., trade and budget deficits, worthless dollar, scandals, fraud, corruption , etc.. In fact, unemployment unexpectedly rose substantially and consumer sentiment unexpectedly but similarly realistically fell, both very negative exept in the� fraudulent alice-in-wonderland world of wall street. Indeed, the housing bubble bursting with ie., unexpected 14% decline in starts/permits, etc., led to rally in the fraudulent alice-in-wonderland world of wall street. Obfuscating mergers help preclude detection of this massive and pervasive fraud which defies analysis owing to these mergers. New talking pointing: dell numbers exceed expectations depending upon ongoing government scrutiny of their accounting practices.....riiiiight! More contrived manipulated markets and data well as that previous unexpected rise in that global hub of manufacturing activity, New York (worthless paper is their real product, etc.) �..riiiiight!�.. underpins fraudulent up move. Reassuring Fed speak, also known as b**l s**t, along with IPO�s (get the suckers in at the highs as in late 90�s market bubble), and shrugging off pervasive stock/options fraud as at, ie., KB Homes, etc., leave stocks ridiculously higher. Nations leaving the worthless dollar in droves for currencies backed by value and for precious metals. Based on the self-interested statement of typical fraud american and fed rep, we hear once again the wishful thought that housing has bottomed.....right! [Reality/Truth: US housing slump deepens, spreads]. Home depot rallies despite lower than expected results and lower guidance for the year.....right! Who is stupid enough to believe anything the fraudulent criminal americans say. They are printing worthless dollars like mad. Consumer sentiment actually previously fell and there was nothing but wall street lunacy to prop the fraudulent market. The republicans who lockstepped with war criminal dumbya bush deserved to lose. The frauds on wall street now looking for the new corporate welfare program for which to sell the sizzle ie., stem cells, etc.. The know-nothing pundits are now saying the up move without any rational basis is predicated upon the the falsity that gridlock in washington is welcomed and good because no regulation of, ie., fraud on wall street, etc., can be passed. How about a tax on stock trades to come directly from the traders' (traitors/frauds) bottom lines and provide a disincentive for the churn-and-earn fraud which is tantamount to a wasteful tax on the economy. Even token Christian paulison from jew fraud wall street couldn't stem the tide against the blatent zionist/neocon/bush co failure accross the board as the wall street frauds show record profits financed, albeit indirectly, by huge deficits, both trade and budget. Obfuscating mergers blur the picture to provide cover for up move talking points in defiance of reality.� Stagflation and full employment revisions pre-election.....riiiiight. Productivity comes in at a less than expected 0 (inflationary). The only surprise should have been that the number wasn't negative. The pundits are now saying that the market/wall street fraud is in a state of denial regarding economic fundamentals and that the market is substantially overbought, overvalued, overfrauded, over, etc., the manufacturing index coming in lower than expectations. Consumer sentiment unexpectedly fell.....daaaaah. Pre-election core inflation rate report good �..riiiiight�..but savings rate still negative and walmart sales/profits/outlook substantially below expectations but what the heck, they�re wallstreet lunatics/frauds and reality is no problem. Despite pre-election deficit spending, GNP comes in a less than expected paltry 1.6% increase with worthless falling dollar the catch-22 precluding reality avoidance and the worst yet to come. More nations leaving the worthless dollar as reserve currency even as frauds on wall street reach new highs (What are they smoking? Coking? or like the dollar just cracking) based on corporate welfare flows with money the nation doesn't have pre-election (record deficits). Housing prices continue their sharp decline as bubble deflates. GM only lost 115 million. Ford lost 5.8 billion and must restate earnings back to year 2000 is a bullish sign in the fraudulent alice-in-wonderland lunatic world of wall street. Typical pre-fed meeting rally to provide a cushion for any negative pronouncements which reality would require but are seldom forthcoming by the accommodative frauds who have similarly embraced unreality. Indeed, the gutless wimps of wall street think they're "tough" when they fraudulently take the market higher despite a clearly contrary fact based reality. Caterpillar relates the pervasive reality and the frauds on wallstreet intimidate same with sell off, ignoring pervasive options scandal/fraud and rallies Merck despite lower than expectation results.....riiiiight! Election year corporate welfare to prime the pump and the mock stock market with money the nation doesn�t have (increasing already huge deficits). CPI figures (upon which government inflation adjusted payment obligations are based) lower than expected�..riiiiight! Intel earnings/revenues down sharply but according to the lunatic frauds on wall street, beat expectations and stock rallies along with yahoo which as in the pre-dot com bust days says better days are a coming�.. riiiiight Core inflation rate which is closely watched by the Fed exceeds all expectations. Fraud Merrill Lynch has really been pushing and commissioning that worthless paper and reports record earnings, despite having produced nothing and for very little if any value added (that ill-gotten money has to come from somewhere-your pockets?). The big economic report awaiting scrutiny was the monthly trade deficit which was expected to narrow but in fact INCREASED to 69.9 billion. The alice-in-wonderland lunatic wall street frauds rallied on the news as the dollar precipitously fell. The Fed Chairman said there is a "substantial correction" in housing, which will probably shave about 1% off growth in the second half of the year. The Institute of Supply Management said its services index fell to 52.9 in September -- the lowest level since April 2003. Great News�.. riiiiight!..... Consumer Confidence Higher Than Expected... riiiiight!..... and housing starts were down sharply but not-as-bad-as-expectations game in play US Existing Home Sales Fall 0.5% in August; Sales Price Drops Existing-home prices fall for 1st time in 11 years along with fed jaw-boning pre-election that inflation has been licked .....riiiiight �..despite printing worthless dollars like they�re going out of style because they really are! Fed did nothing and stocks rallied, pre-election.....riiiiight! What about the reality of u.s. debt service at a record unsustainable $2 billion per day on a revolving $2 trillion charge account with ie., China, etc.. The fact that foreclosures are up and that there is projected new trade deficit record, fake government inflation numbers for election year purposes, housing starts down 6% means little to the alice-in-wonderland lunatic frauds of wall street and the so-called pundits including yahoo below. Almost all computerized volume is and must be considered heavy, manipulated, economically wasteful volume [stocks move contrary to rational analytical facts (ie., exceeded lowered expectations, things so bad interest rates can�t rise, exceeded expectations, no earnings but outlook extraordinary, the fed says booo as they print more worthless dollars to finance deficits, etc. ) is money in the bank for the frauds on wall street when they unwind said irrational positions ]. Philadelphia Federal Reserve announces that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, leading economic indicators fall .2%, and previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows with b**l s**t from Yahoo (which didn�t even reference the record unanticipated trade gap):

There is nothing to rationally justify the previous up move or mixed results in the market other than what is tantamount to a negative, and based upon spurious data from the government; ie., fake government numbers said total PPI rose a smaller than expected 0.1% (consensus 0.4%) in July, which was well below the 0.5% jump in June, while the more closely watched core rate (ex-food and energy) unexpectedly (RIIIIIGHT!) fell 0.3% (consensus +0.2%) -- the first decline since October and the largest drop since a 0.5% decline in April 2003. Home Sales Decline in 28 States, D.C.. Real estate prices down/stagnant. But housing stocks�..up.....riiiiight!.....in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down.� Martin Crutsinger, AP Economics Writer, previously wrote,� U.S. Trade Deficit Falls 0.3 Percent in June to $64.8B, Offsetting Jump in Chinese Imports. Dell Recall Stems From sony Production Flaw� WASHINGTON (AP) -- America's trade deficit showed a slight improvement as strong global growth pushed U.S. exports to a record level. That helped offset a surge in Chinese imports and record crude oil prices. The deficit declined 0.3 percent in June, compared with May, dropping to $64.8 billion, still the fifth largest imbalance on record, the Commerce Department reported Thursday. The deficit is running at an annual rate of $768 billion through the first six months of this year, putting the country on track to see a fifth straight record imbalance. Last year's deficit was $716.7 billion. Prior considerations remain apposite in this clearly overvalued market. The frauds on wall street feel compelled to continue their tradition/superstition/fraud tactic of buying on the rumor and selling on the news (fact) of the Fed�s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money.� Yahoo previously commented: Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance....., to which I responded, Wild..... I�ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported and will now join gm in worker buyouts; but both GM and Ford will now offer built-in ipods which should substantially help their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Analyst says GM good news now behind it (past/discounted), yet stock still rose upon said analysis �..riiiiight�.. daaaaah! Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal, maybe even suspension, that has cast a harsh light on Silicon Valley's compensation practices. Don�t forget that GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland lunatic world of wall street is of course good news. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid (approx.) 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it�s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very commissionable (investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $54; yes, as in the last crash, they will get fooled again� as stocks up sharply in the fraudulent alice-in-wonderland lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the pundits/analysts are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley (who also says that in Europe bush�s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the �better than expectations� game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. Spotlight on the Stock Option Scandal-The share prices of companies involved in stock options backdating have held up well compared to the broader market. But shareholders might be in for a rougher ride. Plus, why the Nasdaq has its hands full. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived pearl harbor effect)/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/ and the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what�s up is down and what�s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they�ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin� to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don�t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)

"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006

WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):

The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

(1-24-07) Lunatics suckers bear market rally has devolved into nothing less than madness, as the wall street fraud continues to suck the suckers in; ie., as the Dow Jones industrial average up 87.97, S&P up 12.14, and NASDAQ up 34.87, all very commissionable on heavy volume, as in final pre-election result push for bush, which fell very short but has provided the same pump-priming of the market as most recently seen in 1999 which ended quite badly even without the exacerbating effects of huge unsustainable and debilitating debt/deficits deferring/delaying/prolonging the inevitable reality even as entire domestic u.s. industries are rendered what is tantamount to defunct and with corporate welfare unwisely spent (war crimes, etc.). P/E ratios far beyond the mean particularly for this stage in the cycle for selected securities (ie., 80+, etc.). Higher oil prices and fake indicators report spark rally.....riiiiight! Report on leading economic indicators is delayed (very unusual unless you understand the greater complexity in fudging same.....not to worry, fans of frauds on wall street.....the lunatic frauds will also get their churn-and-earn commission dollars on the way down).Fed Chairman Bernanke begins to euphemistically discuss reality on capital hill. PAPER: Condo market in DC, Vegas, Miami and Boston has collapsed... Euro displaces dollar in bond markets...Higher oil prices and fake numbers spurs rally. More fake job numbers (at best, hamburger helpers, etc.). Yahoo profit falls 61% but rallies 6% on b**l s**t alone. Jawboning by kohn of print-those-worthless-dollars fed raises market.....riiiiight! The ism services index fell, but that was down from an unexpectedly and fake strong read a month earlier, manufacturing index up slightly to 51.4 (they must be counting hamburgers as manufactured goods in u.s......riiiiight!) but fed knows they�ve been printing worthless dollars like mad which of course is hyperinflationary and will come home to roost, along with huge debt/deficits, trade and budget, Stores Report Disappointing Dec. Sales, Gap Woes Deepen in Bleak Holiday Season. Ford and GM auto sales down 13%. More reports in defiance of reality, oil prices up, Dollar Slides...,every intelligent analyst/economist knows that the new home sales number from the government is a total lie that will be revised downward later, that the options scandals are pervasive in fraudulent america (100 investigations just tip of the iceberg), oil stocks continue to rally on lower oil prices, as previously on pipeline explosion in Nigeria, spill in Gulf, and sanctions for Iran, and sharp FALL in oil prices.....riiiiight!.....predictions of disappointing retail sales even with fire-sale discounted prices,..... Highest increase (2%) in 30 years for the wholesale price index, and as well, the core ppi (1.3%), GDP growth less than expected at 2%, dollar sharply lower, oil prices up, building permits down, all unexpectedly bad but great news in the fraudulent alice-in-wonderland lunatic world of wall street. New Record Quarterly Trade Deficit initially spurred lunatic market rally along with obfuscating but very commissionable merger activity. Core inflation a very unexpected unchanged .....riiiiight!.....spurs superstitious, devoid of reality, santa rally.� Investment Banks Post Record 2006 Profit .....daaaaah! Churning and earning on worthless paper, where is that commission dollar coming from even as america has ceded solvency/leadership in every economic measure. Even at the lofty record numbers the indices are worth roughly half their value based on precipitous fall of the dollar in only 5 years with further downside to go. Superstitious �Santa Claus rally�.....riiiiight! High oil price rally.....riiiiight!� Total� bulls**t ! Retail sales up a very unexpected 1%, riiiiight, at the same time inventories of such goods rising substantially (do you think they�re booking sales to �straw men/companies�.....I do!) and oil inventories down. Fake employment numbers (from the government.....riiiiight!) the impetus for previous b.s. rally despite falling sentiment and uptick in unemployment. The ism services index (financed by unsustainable deficit/debt spending and pushing/commissioning worthless paper) and jawboning/bulls**t from the housing industry (the end is near.....riiiiight!), obfuscating mergers continued to cloud the picture, closely-watched core-PCE deflator had risen a more than expected 0.2%, second sub-50 reading on manufacturing activity in as many sessions-the November ISM index unexpectedly fell to 49.5 (consensus 52.0), Chicago PMI fell to its lowest level (49.9%) in October, and below the 50 level, indicating contraction, crude prices up� (OIL PRICES RISE ABOVE $63 A BARREL...), DOLLAR RESUMES SLIDE, Fed Chairman Bernanke & Co. cheerleading/jawboning/bulls**t, 3.2% decline in new home sales, oil inventories down and oil prices up, oil producers shun the dollar, Russia and Opec shift revenues into euros, yen and sterling..., all very bad news anywhere but in the fraudulent alice-in-wonderland world of wall street. Durable goods orders fell sharply, sentiment down, but supposedly used home sales rose slightly (riiiiight.....who says; the realtors/government who have been talking up this bubble market?) albeit at sharply lower prices. DOLLAR PLUNGES TO NEAR 15-YEAR LOW� In other words, no good news to justify the ridiculous up move by the alice-in-wonderland frauds of wall street. Worthless dollar, triple deficits, stock/options scandals/corruption, as some speculate that fed is behind purchases/manipulation (through proxy) of worthless american paper now being shunned by more rational market players abroad.� MARKETS ROCKED BY LONG OVERDUE BUT STILL MODEST RELATIVE TO REALITY SHARP SLIDE IN DOLLAR...There has never been a time since 1929 when stock prices and p/e ratios were so irrationally high for this point in a bull cycle in this indisputable secular bear market, particularly with the existing unprecedented structural economic problems, ie., trade and budget deficits, worthless dollar, scandals, fraud, corruption , etc.. In fact, unemployment unexpectedly rose substantially and consumer sentiment unexpectedly but similarly realistically fell, both very negative exept in the� fraudulent alice-in-wonderland world of wall street. Indeed, the housing bubble bursting with ie., unexpected 14% decline in starts/permits, etc., led to rally in the fraudulent alice-in-wonderland world of wall street. Obfuscating mergers help preclude detection of this massive and pervasive fraud which defies analysis owing to these mergers. New talking pointing: dell numbers exceed expectations depending upon ongoing government scrutiny of their accounting practices.....riiiiight! More contrived manipulated markets and data well as that previous unexpected rise in that global hub of manufacturing activity, New York (worthless paper is their real product, etc.) �..riiiiight!�.. underpins fraudulent up move. Reassuring Fed speak, also known as b**l s**t, along with IPO�s (get the suckers in at the highs as in late 90�s market bubble), and shrugging off pervasive stock/options fraud as at, ie., KB Homes, etc., leave stocks ridiculously higher. Nations leaving the worthless dollar in droves for currencies backed by value and for precious metals. Based on the self-interested statement of typical fraud american and fed rep, we hear once again the wishful thought that housing has bottomed.....right! [Reality/Truth: US housing slump deepens, spreads]. Home depot rallies despite lower than expected results and lower guidance for the year.....right! Who is stupid enough to believe anything the fraudulent criminal americans say. They are printing worthless dollars like mad. Consumer sentiment actually previously fell and there was nothing but wall street lunacy to prop the fraudulent market. The republicans who lockstepped with war criminal dumbya bush deserved to lose. The frauds on wall street now looking for the new corporate welfare program for which to sell the sizzle ie., stem cells, etc.. The know-nothing pundits are now saying the up move without any rational basis is predicated upon the the falsity that gridlock in washington is welcomed and good because no regulation of, ie., fraud on wall street, etc., can be passed. How about a tax on stock trades to come directly from the traders' (traitors/frauds) bottom lines and provide a disincentive for the churn-and-earn fraud which is tantamount to a wasteful tax on the economy. Even token Christian paulison from jew fraud wall street couldn't stem the tide against the blatent zionist/neocon/bush co failure accross the board as the wall street frauds show record profits financed, albeit indirectly, by huge deficits, both trade and budget. Obfuscating mergers blur the picture to provide cover for up move talking points in defiance of reality.� Stagflation and full employment revisions pre-election.....riiiiight. Productivity comes in at a less than expected 0 (inflationary). The only surprise should have been that the number wasn't negative. The pundits are now saying that the market/wall street fraud is in a state of denial regarding economic fundamentals and that the market is substantially overbought, overvalued, overfrauded, over, etc., the manufacturing index coming in lower than expectations. Consumer sentiment unexpectedly fell.....daaaaah. Pre-election core inflation rate report good �..riiiiight�..but savings rate still negative and walmart sales/profits/outlook substantially below expectations but what the heck, they�re wallstreet lunatics/frauds and reality is no problem. Despite pre-election deficit spending, GNP comes in a less than expected paltry 1.6% increase with worthless falling dollar the catch-22 precluding reality avoidance and the worst yet to come. More nations leaving the worthless dollar as reserve currency even as frauds on wall street reach new highs (What are they smoking? Coking? or like the dollar just cracking) based on corporate welfare flows with money the nation doesn't have pre-election (record deficits). Housing prices continue their sharp decline as bubble deflates. GM only lost 115 million. Ford lost 5.8 billion and must restate earnings back to year 2000 is a bullish sign in the fraudulent alice-in-wonderland lunatic world of wall street. Typical pre-fed meeting rally to provide a cushion for any negative pronouncements which reality would require but are seldom forthcoming by the accommodative frauds who have similarly embraced unreality. Indeed, the gutless wimps of wall street think they're "tough" when they fraudulently take the market higher despite a clearly contrary fact based reality. Caterpillar relates the pervasive reality and the frauds on wallstreet intimidate same with sell off, ignoring pervasive options scandal/fraud and rallies Merck despite lower than expectation results.....riiiiight! Election year corporate welfare to prime the pump and the mock stock market with money the nation doesn�t have (increasing already huge deficits). CPI figures (upon which government inflation adjusted payment obligations are based) lower than expected�..riiiiight! Intel earnings/revenues down sharply but according to the lunatic frauds on wall street, beat expectations and stock rallies along with yahoo which as in the pre-dot com bust days says better days are a coming�.. riiiiight Core inflation rate which is closely watched by the Fed exceeds all expectations. Fraud Merrill Lynch has really been pushing and commissioning that worthless paper and reports record earnings, despite having produced nothing and for very little if any value added (that ill-gotten money has to come from somewhere-your pockets?). The big economic report awaiting scrutiny was the monthly trade deficit which was expected to narrow but in fact INCREASED to 69.9 billion. The alice-in-wonderland lunatic wall street frauds rallied on the news as the dollar precipitously fell. The Fed Chairman said there is a "substantial correction" in housing, which will probably shave about 1% off growth in the second half of the year. The Institute of Supply Management said its services index fell to 52.9 in September -- the lowest level since April 2003. Great News�.. riiiiight!..... Consumer Confidence Higher Than Expected... riiiiight!..... and housing starts were down sharply but not-as-bad-as-expectations game in play US Existing Home Sales Fall 0.5% in August; Sales Price Drops Existing-home prices fall for 1st time in 11 years along with fed jaw-boning pre-election that inflation has been licked .....riiiiight �..despite printing worthless dollars like they�re going out of style because they really are! Fed did nothing and stocks rallied, pre-election.....riiiiight! What about the reality of u.s. debt service at a record unsustainable $2 billion per day on a revolving $2 trillion charge account with ie., China, etc.. The fact that foreclosures are up and that there is projected new trade deficit record, fake government inflation numbers for election year purposes, housing starts down 6% means little to the alice-in-wonderland lunatic frauds of wall street and the so-called pundits including yahoo below. Almost all computerized volume is and must be considered heavy, manipulated, economically wasteful volume [stocks move contrary to rational analytical facts (ie., exceeded lowered expectations, things so bad interest rates can�t rise, exceeded expectations, no earnings but outlook extraordinary, the fed says booo as they print more worthless dollars to finance deficits, etc. ) is money in the bank for the frauds on wall street when they unwind said irrational positions ]. Philadelphia Federal Reserve announces that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, leading economic indicators fall .2%, and previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows with b**l s**t from Yahoo (which didn�t even reference the record unanticipated trade gap):

There is nothing to rationally justify the previous up move or mixed results in the market other than what is tantamount to a negative, and based upon spurious data from the government; ie., fake government numbers said total PPI rose a smaller than expected 0.1% (consensus 0.4%) in July, which was well below the 0.5% jump in June, while the more closely watched core rate (ex-food and energy) unexpectedly (RIIIIIGHT!) fell 0.3% (consensus +0.2%) -- the first decline since October and the largest drop since a 0.5% decline in April 2003. Home Sales Decline in 28 States, D.C.. Real estate prices down/stagnant. But housing stocks�..up.....riiiiight!.....in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down.� Martin Crutsinger, AP Economics Writer, previously wrote,� U.S. Trade Deficit Falls 0.3 Percent in June to $64.8B, Offsetting Jump in Chinese Imports. Dell Recall Stems From sony Production Flaw� WASHINGTON (AP) -- America's trade deficit showed a slight improvement as strong global growth pushed U.S. exports to a record level. That helped offset a surge in Chinese imports and record crude oil prices. The deficit declined 0.3 percent in June, compared with May, dropping to $64.8 billion, still the fifth largest imbalance on record, the Commerce Department reported Thursday. The deficit is running at an annual rate of $768 billion through the first six months of this year, putting the country on track to see a fifth straight record imbalance. Last year's deficit was $716.7 billion. Prior considerations remain apposite in this clearly overvalued market. The frauds on wall street feel compelled to continue their tradition/superstition/fraud tactic of buying on the rumor and selling on the news (fact) of the Fed�s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money.� Yahoo previously commented: Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance....., to which I responded, Wild..... I�ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported and will now join gm in worker buyouts; but both GM and Ford will now offer built-in ipods which should substantially help their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Analyst says GM good news now behind it (past/discounted), yet stock still rose upon said analysis �..riiiiight�.. daaaaah! Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal, maybe even suspension, that has cast a harsh light on Silicon Valley's compensation practices. Don�t forget that GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland lunatic world of wall street is of course good news. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid (approx.) 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it�s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very commissionable (investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $55; yes, as in the last crash, they will get fooled again� as stocks up sharply in the fraudulent alice-in-wonderland lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the pundits/analysts are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley (who also says that in Europe bush�s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the �better than expectations� game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. Spotlight on the Stock Option Scandal-The share prices of companies involved in stock options backdating have held up well compared to the broader market. But shareholders might be in for a rougher ride. Plus, why the Nasdaq has its hands full. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived pearl harbor effect)/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/ and the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what�s up is down and what�s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they�ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin� to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don�t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)

"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006

WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):

The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

(1-23-07) Lunatics suckers bear market rally, dead dog bounce, as the wall street fraud continues to suck the suckers in; ie., as the Dow Jones industrial average up 56.64, S&P up 5.04, and NASDAQ up .34,all very commissionable on heavy volume, as in final pre-election result push for bush, which fell very short but has provided the same pump-priming of the market as most recently seen in 1999 which ended quite badly even without the exacerbating effects of huge unsustainable and debilitating debt/deficits deferring/delaying/prolonging the inevitable reality even as entire domestic u.s. industries are rendered what is tantamount to defunct and with corporate welfare unwisely spent (war crimes, etc.). Higher oil prices and fake indicators report spark rally.....riiiiight! Report on leading economic indicators is delayed (very unusual unless you understand the greater complexity in fudging same.....not to worry, fans of frauds on wall street.....the lunatic frauds will also get their churn-and-earn commission dollars on the way down).Fed Chairman Bernanke begins to euphemistically discuss reality on capital hill. PAPER: Condo market in DC, Vegas, Miami and Boston has collapsed... Euro displaces dollar in bond markets...Higher oil prices and fake numbers spurs rally. More fake job numbers (at best, hamburger helpers, etc.). Yahoo profit falls 61% but rallies 6% on b**l s**t alone. Jawboning by kohn of print-those-worthless-dollars fed raises market.....riiiiight! The ism services index fell, but that was down from an unexpectedly and fake strong read a month earlier, manufacturing index up slightly to 51.4 (they must be counting hamburgers as manufactured goods in u.s......riiiiight!) but fed knows they�ve been printing worthless dollars like mad which of course is hyperinflationary and will come home to roost, along with huge debt/deficits, trade and budget, Stores Report Disappointing Dec. Sales, Gap Woes Deepen in Bleak Holiday Season. Ford and GM auto sales down 13%. More reports in defiance of reality, oil prices up, Dollar Slides...,every intelligent analyst/economist knows that the new home sales number from the government is a total lie that will be revised downward later, that the options scandals are pervasive in fraudulent america (100 investigations just tip of the iceberg), oil stocks continue to rally on lower oil prices, as previously on pipeline explosion in Nigeria, spill in Gulf, and sanctions for Iran, and sharp FALL in oil prices.....riiiiight!.....predictions of disappointing retail sales even with fire-sale discounted prices,..... Highest increase (2%) in 30 years for the wholesale price index, and as well, the core ppi (1.3%), GDP growth less than expected at 2%, dollar sharply lower, oil prices up, building permits down, all unexpectedly bad but great news in the fraudulent alice-in-wonderland lunatic world of wall street. New Record Quarterly Trade Deficit initially spurred lunatic market rally along with obfuscating but very commissionable merger activity. Core inflation a very unexpected unchanged .....riiiiight!.....spurs superstitious, devoid of reality, santa rally.� Investment Banks Post Record 2006 Profit .....daaaaah! Churning and earning on worthless paper, where is that commission dollar coming from even as america has ceded solvency/leadership in every economic measure. Even at the lofty record numbers the indices are worth roughly half their value based on precipitous fall of the dollar in only 5 years with further downside to go. Superstitious �Santa Claus rally�.....riiiiight! High oil price rally.....riiiiight!� Total� bulls**t ! Retail sales up a very unexpected 1%, riiiiight, at the same time inventories of such goods rising substantially (do you think they�re booking sales to �straw men/companies�.....I do!) and oil inventories down. Fake employment numbers (from the government.....riiiiight!) the impetus for previous b.s. rally despite falling sentiment and uptick in unemployment. The ism services index (financed by unsustainable deficit/debt spending and pushing/commissioning worthless paper) and jawboning/bulls**t from the housing industry (the end is near.....riiiiight!), obfuscating mergers continued to cloud the picture, closely-watched core-PCE deflator had risen a more than expected 0.2%, second sub-50 reading on manufacturing activity in as many sessions-the November ISM index unexpectedly fell to 49.5 (consensus 52.0), Chicago PMI fell to its lowest level (49.9%) in October, and below the 50 level, indicating contraction, crude prices up� (OIL PRICES RISE ABOVE $63 A BARREL...), DOLLAR RESUMES SLIDE, Fed Chairman Bernanke & Co. cheerleading/jawboning/bulls**t, 3.2% decline in new home sales, oil inventories down and oil prices up, oil producers shun the dollar, Russia and Opec shift revenues into euros, yen and sterling..., all very bad news anywhere but in the fraudulent alice-in-wonderland world of wall street. Durable goods orders fell sharply, sentiment down, but supposedly used home sales rose slightly (riiiiight.....who says; the realtors/government who have been talking up this bubble market?) albeit at sharply lower prices. DOLLAR PLUNGES TO NEAR 15-YEAR LOW� In other words, no good news to justify the ridiculous up move by the alice-in-wonderland frauds of wall street. Worthless dollar, triple deficits, stock/options scandals/corruption, as some speculate that fed is behind purchases/manipulation (through proxy) of worthless american paper now being shunned by more rational market players abroad.� MARKETS ROCKED BY LONG OVERDUE BUT STILL MODEST RELATIVE TO REALITY SHARP SLIDE IN DOLLAR...There has never been a time since 1929 when stock prices and p/e ratios were so irrationally high for this point in a bull cycle in this indisputable secular bear market, particularly with the existing unprecedented structural economic problems, ie., trade and budget deficits, worthless dollar, scandals, fraud, corruption , etc.. In fact, unemployment unexpectedly rose substantially and consumer sentiment unexpectedly but similarly realistically fell, both very negative exept in the� fraudulent alice-in-wonderland world of wall street. Indeed, the housing bubble bursting with ie., unexpected 14% decline in starts/permits, etc., led to rally in the fraudulent alice-in-wonderland world of wall street. Obfuscating mergers help preclude detection of this massive and pervasive fraud which defies analysis owing to these mergers. New talking pointing: dell numbers exceed expectations depending upon ongoing government scrutiny of their accounting practices.....riiiiight! More contrived manipulated markets and data well as that previous unexpected rise in that global hub of manufacturing activity, New York (worthless paper is their real product, etc.) �..riiiiight!�.. underpins fraudulent up move. Reassuring Fed speak, also known as b**l s**t, along with IPO�s (get the suckers in at the highs as in late 90�s market bubble), and shrugging off pervasive stock/options fraud as at, ie., KB Homes, etc., leave stocks ridiculously higher. Nations leaving the worthless dollar in droves for currencies backed by value and for precious metals. Based on the self-interested statement of typical fraud american and fed rep, we hear once again the wishful thought that housing has bottomed.....right! [Reality/Truth: US housing slump deepens, spreads]. Home depot rallies despite lower than expected results and lower guidance for the year.....right! Who is stupid enough to believe anything the fraudulent criminal americans say. They are printing worthless dollars like mad. Consumer sentiment actually previously fell and there was nothing but wall street lunacy to prop the fraudulent market. The republicans who lockstepped with war criminal dumbya bush deserved to lose. The frauds on wall street now looking for the new corporate welfare program for which to sell the sizzle ie., stem cells, etc.. The know-nothing pundits are now saying the up move without any rational basis is predicated upon the the falsity that gridlock in washington is welcomed and good because no regulation of, ie., fraud on wall street, etc., can be passed. How about a tax on stock trades to come directly from the traders' (traitors/frauds) bottom lines and provide a disincentive for the churn-and-earn fraud which is tantamount to a wasteful tax on the economy. Even token Christian paulison from jew fraud wall street couldn't stem the tide against the blatent zionist/neocon/bush co failure accross the board as the wall street frauds show record profits financed, albeit indirectly, by huge deficits, both trade and budget. Obfuscating mergers blur the picture to provide cover for up move talking points in defiance of reality.� Stagflation and full employment revisions pre-election.....riiiiight. Productivity comes in at a less than expected 0 (inflationary). The only surprise should have been that the number wasn't negative. The pundits are now saying that the market/wall street fraud is in a state of denial regarding economic fundamentals and that the market is substantially overbought, overvalued, overfrauded, over, etc., the manufacturing index coming in lower than expectations. Consumer sentiment unexpectedly fell.....daaaaah. Pre-election core inflation rate report good �..riiiiight�..but savings rate still negative and walmart sales/profits/outlook substantially below expectations but what the heck, they�re wallstreet lunatics/frauds and reality is no problem. Despite pre-election deficit spending, GNP comes in a less than expected paltry 1.6% increase with worthless falling dollar the catch-22 precluding reality avoidance and the worst yet to come. More nations leaving the worthless dollar as reserve currency even as frauds on wall street reach new highs (What are they smoking? Coking? or like the dollar just cracking) based on corporate welfare flows with money the nation doesn't have pre-election (record deficits). Housing prices continue their sharp decline as bubble deflates. GM only lost 115 million. Ford lost 5.8 billion and must restate earnings back to year 2000 is a bullish sign in the fraudulent alice-in-wonderland lunatic world of wall street. Typical pre-fed meeting rally to provide a cushion for any negative pronouncements which reality would require but are seldom forthcoming by the accommodative frauds who have similarly embraced unreality. Indeed, the gutless wimps of wall street think they're "tough" when they fraudulently take the market higher despite a clearly contrary fact based reality. Caterpillar relates the pervasive reality and the frauds on wallstreet intimidate same with sell off, ignoring pervasive options scandal/fraud and rallies Merck despite lower than expectation results.....riiiiight! Election year corporate welfare to prime the pump and the mock stock market with money the nation doesn�t have (increasing already huge deficits). CPI figures (upon which government inflation adjusted payment obligations are based) lower than expected�..riiiiight! Intel earnings/revenues down sharply but according to the lunatic frauds on wall street, beat expectations and stock rallies along with yahoo which as in the pre-dot com bust days says better days are a coming�.. riiiiight Core inflation rate which is closely watched by the Fed exceeds all expectations. Fraud Merrill Lynch has really been pushing and commissioning that worthless paper and reports record earnings, despite having produced nothing and for very little if any value added (that ill-gotten money has to come from somewhere-your pockets?). The big economic report awaiting scrutiny was the monthly trade deficit which was expected to narrow but in fact INCREASED to 69.9 billion. The alice-in-wonderland lunatic wall street frauds rallied on the news as the dollar precipitously fell. The Fed Chairman said there is a "substantial correction" in housing, which will probably shave about 1% off growth in the second half of the year. The Institute of Supply Management said its services index fell to 52.9 in September -- the lowest level since April 2003. Great News�.. riiiiight!..... Consumer Confidence Higher Than Expected... riiiiight!..... and housing starts were down sharply but not-as-bad-as-expectations game in play US Existing Home Sales Fall 0.5% in August; Sales Price Drops Existing-home prices fall for 1st time in 11 years along with fed jaw-boning pre-election that inflation has been licked .....riiiiight �..despite printing worthless dollars like they�re going out of style because they really are! Fed did nothing and stocks rallied, pre-election.....riiiiight! What about the reality of u.s. debt service at a record unsustainable $2 billion per day on a revolving $2 trillion charge account with ie., China, etc.. The fact that foreclosures are up and that there is projected new trade deficit record, fake government inflation numbers for election year purposes, housing starts down 6% means little to the alice-in-wonderland lunatic frauds of wall street and the so-called pundits including yahoo below. Almost all computerized volume is and must be considered heavy, manipulated, economically wasteful volume [stocks move contrary to rational analytical facts (ie., exceeded lowered expectations, things so bad interest rates can�t rise, exceeded expectations, no earnings but outlook extraordinary, the fed says booo as they print more worthless dollars to finance deficits, etc. ) is money in the bank for the frauds on wall street when they unwind said irrational positions ]. Philadelphia Federal Reserve announces that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, leading economic indicators fall .2%, and previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows with b**l s**t from Yahoo (which didn�t even reference the record unanticipated trade gap):

There is nothing to rationally justify the previous up move or mixed results in the market other than what is tantamount to a negative, and based upon spurious data from the government; ie., fake government numbers said total PPI rose a smaller than expected 0.1% (consensus 0.4%) in July, which was well below the 0.5% jump in June, while the more closely watched core rate (ex-food and energy) unexpectedly (RIIIIIGHT!) fell 0.3% (consensus +0.2%) -- the first decline since October and the largest drop since a 0.5% decline in April 2003. Home Sales Decline in 28 States, D.C.. Real estate prices down/stagnant. But housing stocks�..up.....riiiiight!.....in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down.� Martin Crutsinger, AP Economics Writer, previously wrote,� U.S. Trade Deficit Falls 0.3 Percent in June to $64.8B, Offsetting Jump in Chinese Imports. Dell Recall Stems From sony Production Flaw� WASHINGTON (AP) -- America's trade deficit showed a slight improvement as strong global growth pushed U.S. exports to a record level. That helped offset a surge in Chinese imports and record crude oil prices. The deficit declined 0.3 percent in June, compared with May, dropping to $64.8 billion, still the fifth largest imbalance on record, the Commerce Department reported Thursday. The deficit is running at an annual rate of $768 billion through the first six months of this year, putting the country on track to see a fifth straight record imbalance. Last year's deficit was $716.7 billion. Prior considerations remain apposite in this clearly overvalued market. The frauds on wall street feel compelled to continue their tradition/superstition/fraud tactic of buying on the rumor and selling on the news (fact) of the Fed�s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money.� Yahoo previously commented: Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance....., to which I responded, Wild..... I�ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported and will now join gm in worker buyouts; but both GM and Ford will now offer built-in ipods which should substantially help their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Analyst says GM good news now behind it (past/discounted), yet stock still rose upon said analysis �..riiiiight�.. daaaaah! Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal, maybe even suspension, that has cast a harsh light on Silicon Valley's compensation practices. Don�t forget that GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland lunatic world of wall street is of course good news. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid (approx.) 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it�s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very commissionable (investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $54; yes, as in the last crash, they will get fooled again� as stocks up sharply in the fraudulent alice-in-wonderland lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the pundits/analysts are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley (who also says that in Europe bush�s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the �better than expectations� game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. Spotlight on the Stock Option Scandal-The share prices of companies involved in stock options backdating have held up well compared to the broader market. But shareholders might be in for a rougher ride. Plus, why the Nasdaq has its hands full. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived pearl harbor effect)/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/ and the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what�s up is down and what�s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they�ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin� to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don�t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)

"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006

WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):

The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

(1-22-07) Stocks drop still only modestly relative to reality with suckers bear market rally still intact as the wall street fraud continues to suck the suckers in; ie., as the Dow Jones industrial average fell 88.37 S&P down 7.55, and NASDAQ down 20.24, all very commissionable on heavy volume, as in final pre-election result push for bush, which fell very short but has provided the same pump-priming of the market as most recently seen in 1999 which ended quite badly even without the exacerbating effects of huge unsustainable and debilitating debt/deficits deferring/delaying/prolonging the inevitable reality even as entire domestic u.s. industries are rendered what is tantamount to defunct and with corporate welfare unwisely spent (war crimes, etc.).Report on leading economic indicators is delayed (very unusual unless you understand the greater complexity in fudging same.....not to worry, fans of frauds on wall street.....the lunatic frauds will also get their churn-and-earn commission dollars on the way down). Fed Chairman Bernanke begins to euphemistically discuss reality on capital hill. PAPER: Condo market in DC, Vegas, Miami and Boston has collapsed... Euro displaces dollar in bond markets...Higher oil prices and fake numbers spurs rally. More fake job numbers (at best, hamburger helpers, etc.). Jawboning by kohn of print-those-worthless-dollars fed raises market.....riiiiight! The ism services index fell, but that was down from an unexpectedly and fake strong read a month earlier, manufacturing index up slightly to 51.4 (they must be counting hamburgers as manufactured goods in u.s......riiiiight!) but fed knows they�ve been printing worthless dollars like mad which of course is hyperinflationary and will come home to roost, along with huge debt/deficits, trade and budget, Stores Report Disappointing Dec. Sales, Gap Woes Deepen in Bleak Holiday Season. Ford and GM auto sales down 13%. More reports in defiance of reality, oil prices up, Dollar Slides...,every intelligent analyst/economist knows that the new home sales number from the government is a total lie that will be revised downward later, that the options scandals are pervasive in fraudulent america (100 investigations just tip of the iceberg), oil stocks continue to rally on lower oil prices, as previously on pipeline explosion in Nigeria, spill in Gulf, and sanctions for Iran, and sharp FALL in oil prices.....riiiiight!.....predictions of disappointing retail sales even with fire-sale discounted prices,..... Highest increase (2%) in 30 years for the wholesale price index, and as well, the core ppi (1.3%), GDP growth less than expected at 2%, dollar sharply lower, oil prices up, building permits down, all unexpectedly bad but great news in the fraudulent alice-in-wonderland lunatic world of wall street. New Record Quarterly Trade Deficit initially spurred lunatic market rally along with obfuscating but very commissionable merger activity. Core inflation a very unexpected unchanged .....riiiiight!.....spurs superstitious, devoid of reality, santa rally.� Investment Banks Post Record 2006 Profit .....daaaaah! Churning and earning on worthless paper, where is that commission dollar coming from even as america has ceded solvency/leadership in every economic measure. Even at the lofty record numbers the indices are worth roughly half their value based on precipitous fall of the dollar in only 5 years with further downside to go. Superstitious �Santa Claus rally�.....riiiiight! High oil price rally.....riiiiight!� Total� bulls**t ! Retail sales up a very unexpected 1%, riiiiight, at the same time inventories of such goods rising substantially (do you think they�re booking sales to �straw men/companies�.....I do!) and oil inventories down. Fake employment numbers (from the government.....riiiiight!) the impetus for previous b.s. rally despite falling sentiment and uptick in unemployment. The ism services index (financed by unsustainable deficit/debt spending and pushing/commissioning worthless paper) and jawboning/bulls**t from the housing industry (the end is near.....riiiiight!), obfuscating mergers continued to cloud the picture, closely-watched core-PCE deflator had risen a more than expected 0.2%, second sub-50 reading on manufacturing activity in as many sessions-the November ISM index unexpectedly fell to 49.5 (consensus 52.0), Chicago PMI fell to its lowest level (49.9%) in October, and below the 50 level, indicating contraction, crude prices up� (OIL PRICES RISE ABOVE $63 A BARREL...), DOLLAR RESUMES SLIDE, Fed Chairman Bernanke & Co. cheerleading/jawboning/bulls**t, 3.2% decline in new home sales, oil inventories down and oil prices up, oil producers shun the dollar, Russia and Opec shift revenues into euros, yen and sterling..., all very bad news anywhere but in the fraudulent alice-in-wonderland world of wall street. Durable goods orders fell sharply, sentiment down, but supposedly used home sales rose slightly (riiiiight.....who says; the realtors/government who have been talking up this bubble market?) albeit at sharply lower prices. DOLLAR PLUNGES TO NEAR 15-YEAR LOW� In other words, no good news to justify the ridiculous up move by the alice-in-wonderland frauds of wall street. Worthless dollar, triple deficits, stock/options scandals/corruption, as some speculate that fed is behind purchases/manipulation (through proxy) of worthless american paper now being shunned by more rational market players abroad.� MARKETS ROCKED BY LONG OVERDUE BUT STILL MODEST RELATIVE TO REALITY SHARP SLIDE IN DOLLAR...There has never been a time since 1929 when stock prices and p/e ratios were so irrationally high for this point in a bull cycle in this indisputable secular bear market, particularly with the existing unprecedented structural economic problems, ie., trade and budget deficits, worthless dollar, scandals, fraud, corruption , etc.. In fact, unemployment unexpectedly rose substantially and consumer sentiment unexpectedly but similarly realistically fell, both very negative exept in the� fraudulent alice-in-wonderland world of wall street. Indeed, the housing bubble bursting with ie., unexpected 14% decline in starts/permits, etc., led to rally in the fraudulent alice-in-wonderland world of wall street. Obfuscating mergers help preclude detection of this massive and pervasive fraud which defies analysis owing to these mergers. New talking pointing: dell numbers exceed expectations depending upon ongoing government scrutiny of their accounting practices.....riiiiight! More contrived manipulated markets and data well as that previous unexpected rise in that global hub of manufacturing activity, New York (worthless paper is their real product, etc.) �..riiiiight!�.. underpins fraudulent up move. Reassuring Fed speak, also known as b**l s**t, along with IPO�s (get the suckers in at the highs as in late 90�s market bubble), and shrugging off pervasive stock/options fraud as at, ie., KB Homes, etc., leave stocks ridiculously higher. Nations leaving the worthless dollar in droves for currencies backed by value and for precious metals. Based on the self-interested statement of typical fraud american and fed rep, we hear once again the wishful thought that housing has bottomed.....right! [Reality/Truth: US housing slump deepens, spreads]. Home depot rallies despite lower than expected results and lower guidance for the year.....right! Who is stupid enough to believe anything the fraudulent criminal americans say. They are printing worthless dollars like mad. Consumer sentiment actually previously fell and there was nothing but wall street lunacy to prop the fraudulent market. The republicans who lockstepped with war criminal dumbya bush deserved to lose. The frauds on wall street now looking for the new corporate welfare program for which to sell the sizzle ie., stem cells, etc.. The know-nothing pundits are now saying the up move without any rational basis is predicated upon the the falsity that gridlock in washington is welcomed and good because no regulation of, ie., fraud on wall street, etc., can be passed. How about a tax on stock trades to come directly from the traders' (traitors/frauds) bottom lines and provide a disincentive for the churn-and-earn fraud which is tantamount to a wasteful tax on the economy. Even token Christian paulison from jew fraud wall street couldn't stem the tide against the blatent zionist/neocon/bush co failure accross the board as the wall street frauds show record profits financed, albeit indirectly, by huge deficits, both trade and budget. Obfuscating mergers blur the picture to provide cover for up move talking points in defiance of reality.� Stagflation and full employment revisions pre-election.....riiiiight. Productivity comes in at a less than expected 0 (inflationary). The only surprise should have been that the number wasn't negative. The pundits are now saying that the market/wall street fraud is in a state of denial regarding economic fundamentals and that the market is substantially overbought, overvalued, overfrauded, over, etc., the manufacturing index coming in lower than expectations. Consumer sentiment unexpectedly fell.....daaaaah. Pre-election core inflation rate report good �..riiiiight�..but savings rate still negative and walmart sales/profits/outlook substantially below expectations but what the heck, they�re wallstreet lunatics/frauds and reality is no problem. Despite pre-election deficit spending, GNP comes in a less than expected paltry 1.6% increase with worthless falling dollar the catch-22 precluding reality avoidance and the worst yet to come. More nations leaving the worthless dollar as reserve currency even as frauds on wall street reach new highs (What are they smoking? Coking? or like the dollar just cracking) based on corporate welfare flows with money the nation doesn't have pre-election (record deficits). Housing prices continue their sharp decline as bubble deflates. GM only lost 115 million. Ford lost 5.8 billion and must restate earnings back to year 2000 is a bullish sign in the fraudulent alice-in-wonderland lunatic world of wall street. Typical pre-fed meeting rally to provide a cushion for any negative pronouncements which reality would require but are seldom forthcoming by the accommodative frauds who have similarly embraced unreality. Indeed, the gutless wimps of wall street think they're "tough" when they fraudulently take the market higher despite a clearly contrary fact based reality. Caterpillar relates the pervasive reality and the frauds on wallstreet intimidate same with sell off, ignoring pervasive options scandal/fraud and rallies Merck despite lower than expectation results.....riiiiight! Election year corporate welfare to prime the pump and the mock stock market with money the nation doesn�t have (increasing already huge deficits). CPI figures (upon which government inflation adjusted payment obligations are based) lower than expected�..riiiiight! Intel earnings/revenues down sharply but according to the lunatic frauds on wall street, beat expectations and stock rallies along with yahoo which as in the pre-dot com bust days says better days are a coming�.. riiiiight Core inflation rate which is closely watched by the Fed exceeds all expectations. Fraud Merrill Lynch has really been pushing and commissioning that worthless paper and reports record earnings, despite having produced nothing and for very little if any value added (that ill-gotten money has to come from somewhere-your pockets?). The big economic report awaiting scrutiny was the monthly trade deficit which was expected to narrow but in fact INCREASED to 69.9 billion. The alice-in-wonderland lunatic wall street frauds rallied on the news as the dollar precipitously fell. The Fed Chairman said there is a "substantial correction" in housing, which will probably shave about 1% off growth in the second half of the year. The Institute of Supply Management said its services index fell to 52.9 in September -- the lowest level since April 2003. Great News�.. riiiiight!..... Consumer Confidence Higher Than Expected... riiiiight!..... and housing starts were down sharply but not-as-bad-as-expectations game in play US Existing Home Sales Fall 0.5% in August; Sales Price Drops Existing-home prices fall for 1st time in 11 years along with fed jaw-boning pre-election that inflation has been licked .....riiiiight �..despite printing worthless dollars like they�re going out of style because they really are! Fed did nothing and stocks rallied, pre-election.....riiiiight! What about the reality of u.s. debt service at a record unsustainable $2 billion per day on a revolving $2 trillion charge account with ie., China, etc.. The fact that foreclosures are up and that there is projected new trade deficit record, fake government inflation numbers for election year purposes, housing starts down 6% means little to the alice-in-wonderland lunatic frauds of wall street and the so-called pundits including yahoo below. Almost all computerized volume is and must be considered heavy, manipulated, economically wasteful volume [stocks move contrary to rational analytical facts (ie., exceeded lowered expectations, things so bad interest rates can�t rise, exceeded expectations, no earnings but outlook extraordinary, the fed says booo as they print more worthless dollars to finance deficits, etc. ) is money in the bank for the frauds on wall street when they unwind said irrational positions ]. Philadelphia Federal Reserve announces that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, leading economic indicators fall .2%, and previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows with b**l s**t from Yahoo (which didn�t even reference the record unanticipated trade gap):

There is nothing to rationally justify the previous up move or mixed results in the market other than what is tantamount to a negative, and based upon spurious data from the government; ie., fake government numbers said total PPI rose a smaller than expected 0.1% (consensus 0.4%) in July, which was well below the 0.5% jump in June, while the more closely watched core rate (ex-food and energy) unexpectedly (RIIIIIGHT!) fell 0.3% (consensus +0.2%) -- the first decline since October and the largest drop since a 0.5% decline in April 2003. Home Sales Decline in 28 States, D.C.. Real estate prices down/stagnant. But housing stocks�..up.....riiiiight!.....in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down.� Martin Crutsinger, AP Economics Writer, previously wrote,� U.S. Trade Deficit Falls 0.3 Percent in June to $64.8B, Offsetting Jump in Chinese Imports. Dell Recall Stems From sony Production Flaw� WASHINGTON (AP) -- America's trade deficit showed a slight improvement as strong global growth pushed U.S. exports to a record level. That helped offset a surge in Chinese imports and record crude oil prices. The deficit declined 0.3 percent in June, compared with May, dropping to $64.8 billion, still the fifth largest imbalance on record, the Commerce Department reported Thursday. The deficit is running at an annual rate of $768 billion through the first six months of this year, putting the country on track to see a fifth straight record imbalance. Last year's deficit was $716.7 billion. Prior considerations remain apposite in this clearly overvalued market. The frauds on wall street feel compelled to continue their tradition/superstition/fraud tactic of buying on the rumor and selling on the news (fact) of the Fed�s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money.� Yahoo previously commented: Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance....., to which I responded, Wild..... I�ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported and will now join gm in worker buyouts; but both GM and Ford will now offer built-in ipods which should substantially help their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Analyst says GM good news now behind it (past/discounted), yet stock still rose upon said analysis �..riiiiight�.. daaaaah! Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal, maybe even suspension, that has cast a harsh light on Silicon Valley's compensation practices. Don�t forget that GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland lunatic world of wall street is of course good news. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid (approx.) 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it�s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very commissionable (investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $51; yes, as in the last crash, they will get fooled again� as stocks up sharply in the fraudulent alice-in-wonderland lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the pundits/analysts are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley (who also says that in Europe bush�s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the �better than expectations� game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. Spotlight on the Stock Option Scandal-The share prices of companies involved in stock options backdating have held up well compared to the broader market. But shareholders might be in for a rougher ride. Plus, why the Nasdaq has its hands full. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived pearl harbor effect)/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/ and the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what�s up is down and what�s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they�ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin� to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don�t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)

"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006

WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):

The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

(1-19-07) Stocks rally into the close and drop still only modestly relative to reality to end mixed� with suckers bear market rally still intact as the wall street fraud continues to suck the suckers in; ie., as the Dow Jones industrial average fell 2.40 S&P up 4.13, and NASDAQ up 8.10, all very commissionable on heavy volume, as in final pre-election result push for bush, which fell very short but has provided the same pump-priming of the market as most recently seen in 1999 which ended quite badly even without the exacerbating effects of huge unsustainable and debilitating debt/deficits deferring/delaying/prolonging the inevitable reality even as entire domestic u.s. industries are rendered what is tantamount to defunct and with corporate welfare unwisely spent (war crimes, etc.).Fed Chairman Bernanke begins to euphemistically discuss reality on capital hill. PAPER: Condo market in DC, Vegas, Miami and Boston has collapsed... Euro displaces dollar in bond markets...Higher oil prices and fake numbers spurs rally. More fake job numbers (at best, hamburger helpers, etc.). Jawboning by kohn of print-those-worthless-dollars fed raises market.....riiiiight! The ism services index fell, but that was down from an unexpectedly and fake strong read a month earlier, manufacturing index up slightly to 51.4 (they must be counting hamburgers as manufactured goods in u.s......riiiiight!) but fed knows they�ve been printing worthless dollars like mad which of course is hyperinflationary and will come home to roost, along with huge debt/deficits, trade and budget, Stores Report Disappointing Dec. Sales, Gap Woes Deepen in Bleak Holiday Season. Ford and GM auto sales down 13%. More reports in defiance of reality, oil prices up, Dollar Slides...,every intelligent analyst/economist knows that the new home sales number from the government is a total lie that will be revised downward later, that the options scandals are pervasive in fraudulent america (100 investigations just tip of the iceberg), oil stocks continue to rally on lower oil prices, as previously on pipeline explosion in Nigeria, spill in Gulf, and sanctions for Iran, and sharp FALL in oil prices.....riiiiight!.....predictions of disappointing retail sales even with fire-sale discounted prices,..... Highest increase (2%) in 30 years for the wholesale price index, and as well, the core ppi (1.3%), GDP growth less than expected at 2%, dollar sharply lower, oil prices up, building permits down, all unexpectedly bad but great news in the fraudulent alice-in-wonderland lunatic world of wall street. New Record Quarterly Trade Deficit initially spurred lunatic market rally along with obfuscating but very commissionable merger activity. Core inflation a very unexpected unchanged .....riiiiight!.....spurs superstitious, devoid of reality, santa rally.� Investment Banks Post Record 2006 Profit .....daaaaah! Churning and earning on worthless paper, where is that commission dollar coming from even as america has ceded solvency/leadership in every economic measure. Even at the lofty record numbers the indices are worth roughly half their value based on precipitous fall of the dollar in only 5 years with further downside to go. Superstitious �Santa Claus rally�.....riiiiight! High oil price rally.....riiiiight!� Total� bulls**t ! Retail sales up a very unexpected 1%, riiiiight, at the same time inventories of such goods rising substantially (do you think they�re booking sales to �straw men/companies�.....I do!) and oil inventories down. Fake employment numbers (from the government.....riiiiight!) the impetus for previous b.s. rally despite falling sentiment and uptick in unemployment. The ism services index (financed by unsustainable deficit/debt spending and pushing/commissioning worthless paper) and jawboning/bulls**t from the housing industry (the end is near.....riiiiight!), obfuscating mergers continued to cloud the picture, closely-watched core-PCE deflator had risen a more than expected 0.2%, second sub-50 reading on manufacturing activity in as many sessions-the November ISM index unexpectedly fell to 49.5 (consensus 52.0), Chicago PMI fell to its lowest level (49.9%) in October, and below the 50 level, indicating contraction, crude prices up� (OIL PRICES RISE ABOVE $63 A BARREL...), DOLLAR RESUMES SLIDE, Fed Chairman Bernanke & Co. cheerleading/jawboning/bulls**t, 3.2% decline in new home sales, oil inventories down and oil prices up, oil producers shun the dollar, Russia and Opec shift revenues into euros, yen and sterling..., all very bad news anywhere but in the fraudulent alice-in-wonderland world of wall street. Durable goods orders fell sharply, sentiment down, but supposedly used home sales rose slightly (riiiiight.....who says; the realtors/government who have been talking up this bubble market?) albeit at sharply lower prices. DOLLAR PLUNGES TO NEAR 15-YEAR LOW� In other words, no good news to justify the ridiculous up move by the alice-in-wonderland frauds of wall street. Worthless dollar, triple deficits, stock/options scandals/corruption, as some speculate that fed is behind purchases/manipulation (through proxy) of worthless american paper now being shunned by more rational market players abroad.� MARKETS ROCKED BY LONG OVERDUE BUT STILL MODEST RELATIVE TO REALITY SHARP SLIDE IN DOLLAR...There has never been a time since 1929 when stock prices and p/e ratios were so irrationally high for this point in a bull cycle in this indisputable secular bear market, particularly with the existing unprecedented structural economic problems, ie., trade and budget deficits, worthless dollar, scandals, fraud, corruption , etc.. In fact, unemployment unexpectedly rose substantially and consumer sentiment unexpectedly but similarly realistically fell, both very negative exept in the� fraudulent alice-in-wonderland world of wall street. Indeed, the housing bubble bursting with ie., unexpected 14% decline in starts/permits, etc., led to rally in the fraudulent alice-in-wonderland world of wall street. Obfuscating mergers help preclude detection of this massive and pervasive fraud which defies analysis owing to these mergers. New talking pointing: dell numbers exceed expectations depending upon ongoing government scrutiny of their accounting practices.....riiiiight! More contrived manipulated markets and data well as that previous unexpected rise in that global hub of manufacturing activity, New York (worthless paper is their real product, etc.) �..riiiiight!�.. underpins fraudulent up move. Reassuring Fed speak, also known as b**l s**t, along with IPO�s (get the suckers in at the highs as in late 90�s market bubble), and shrugging off pervasive stock/options fraud as at, ie., KB Homes, etc., leave stocks ridiculously higher. Nations leaving the worthless dollar in droves for currencies backed by value and for precious metals. Based on the self-interested statement of typical fraud american and fed rep, we hear once again the wishful thought that housing has bottomed.....right! [Reality/Truth: US housing slump deepens, spreads]. Home depot rallies despite lower than expected results and lower guidance for the year.....right! Who is stupid enough to believe anything the fraudulent criminal americans say. They are printing worthless dollars like mad. Consumer sentiment actually previously fell and there was nothing but wall street lunacy to prop the fraudulent market. The republicans who lockstepped with war criminal dumbya bush deserved to lose. The frauds on wall street now looking for the new corporate welfare program for which to sell the sizzle ie., stem cells, etc.. The know-nothing pundits are now saying the up move without any rational basis is predicated upon the the falsity that gridlock in washington is welcomed and good because no regulation of, ie., fraud on wall street, etc., can be passed. How about a tax on stock trades to come directly from the traders' (traitors/frauds) bottom lines and provide a disincentive for the churn-and-earn fraud which is tantamount to a wasteful tax on the economy. Even token Christian paulison from jew fraud wall street couldn't stem the tide against the blatent zionist/neocon/bush co failure accross the board as the wall street frauds show record profits financed, albeit indirectly, by huge deficits, both trade and budget. Obfuscating mergers blur the picture to provide cover for up move talking points in defiance of reality.� Stagflation and full employment revisions pre-election.....riiiiight. Productivity comes in at a less than expected 0 (inflationary). The only surprise should have been that the number wasn't negative. The pundits are now saying that the market/wall street fraud is in a state of denial regarding economic fundamentals and that the market is substantially overbought, overvalued, overfrauded, over, etc., the manufacturing index coming in lower than expectations. Consumer sentiment unexpectedly fell.....daaaaah. Pre-election core inflation rate report good �..riiiiight�..but savings rate still negative and walmart sales/profits/outlook substantially below expectations but what the heck, they�re wallstreet lunatics/frauds and reality is no problem. Despite pre-election deficit spending, GNP comes in a less than expected paltry 1.6% increase with worthless falling dollar the catch-22 precluding reality avoidance and the worst yet to come. More nations leaving the worthless dollar as reserve currency even as frauds on wall street reach new highs (What are they smoking? Coking? or like the dollar just cracking) based on corporate welfare flows with money the nation doesn't have pre-election (record deficits). Housing prices continue their sharp decline as bubble deflates. GM only lost 115 million. Ford lost 5.8 billion and must restate earnings back to year 2000 is a bullish sign in the fraudulent alice-in-wonderland lunatic world of wall street. Typical pre-fed meeting rally to provide a cushion for any negative pronouncements which reality would require but are seldom forthcoming by the accommodative frauds who have similarly embraced unreality. Indeed, the gutless wimps of wall street think they're "tough" when they fraudulently take the market higher despite a clearly contrary fact based reality. Caterpillar relates the pervasive reality and the frauds on wallstreet intimidate same with sell off, ignoring pervasive options scandal/fraud and rallies Merck despite lower than expectation results.....riiiiight! Election year corporate welfare to prime the pump and the mock stock market with money the nation doesn�t have (increasing already huge deficits). CPI figures (upon which government inflation adjusted payment obligations are based) lower than expected�..riiiiight! Intel earnings/revenues down sharply but according to the lunatic frauds on wall street, beat expectations and stock rallies along with yahoo which as in the pre-dot com bust days says better days are a coming�.. riiiiight Core inflation rate which is closely watched by the Fed exceeds all expectations. Fraud Merrill Lynch has really been pushing and commissioning that worthless paper and reports record earnings, despite having produced nothing and for very little if any value added (that ill-gotten money has to come from somewhere-your pockets?). The big economic report awaiting scrutiny was the monthly trade deficit which was expected to narrow but in fact INCREASED to 69.9 billion. The alice-in-wonderland lunatic wall street frauds rallied on the news as the dollar precipitously fell. The Fed Chairman said there is a "substantial correction" in housing, which will probably shave about 1% off growth in the second half of the year. The Institute of Supply Management said its services index fell to 52.9 in September -- the lowest level since April 2003. Great News�.. riiiiight!..... Consumer Confidence Higher Than Expected... riiiiight!..... and housing starts were down sharply but not-as-bad-as-expectations game in play US Existing Home Sales Fall 0.5% in August; Sales Price Drops Existing-home prices fall for 1st time in 11 years along with fed jaw-boning pre-election that inflation has been licked .....riiiiight �..despite printing worthless dollars like they�re going out of style because they really are! Fed did nothing and stocks rallied, pre-election.....riiiiight! What about the reality of u.s. debt service at a record unsustainable $2 billion per day on a revolving $2 trillion charge account with ie., China, etc.. The fact that foreclosures are up and that there is projected new trade deficit record, fake government inflation numbers for election year purposes, housing starts down 6% means little to the alice-in-wonderland lunatic frauds of wall street and the so-called pundits including yahoo below. Almost all computerized volume is and must be considered heavy, manipulated, economically wasteful volume [stocks move contrary to rational analytical facts (ie., exceeded lowered expectations, things so bad interest rates can�t rise, exceeded expectations, no earnings but outlook extraordinary, the fed says booo as they print more worthless dollars to finance deficits, etc. ) is money in the bank for the frauds on wall street when they unwind said irrational positions ]. Philadelphia Federal Reserve announces that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, leading economic indicators fall .2%, and previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows with b**l s**t from Yahoo (which didn�t even reference the record unanticipated trade gap):

There is nothing to rationally justify the previous up move or mixed results in the market other than what is tantamount to a negative, and based upon spurious data from the government; ie., fake government numbers said total PPI rose a smaller than expected 0.1% (consensus 0.4%) in July, which was well below the 0.5% jump in June, while the more closely watched core rate (ex-food and energy) unexpectedly (RIIIIIGHT!) fell 0.3% (consensus +0.2%) -- the first decline since October and the largest drop since a 0.5% decline in April 2003. Home Sales Decline in 28 States, D.C.. Real estate prices down/stagnant. But housing stocks�..up.....riiiiight!.....in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down.� Martin Crutsinger, AP Economics Writer, previously wrote,� U.S. Trade Deficit Falls 0.3 Percent in June to $64.8B, Offsetting Jump in Chinese Imports. Dell Recall Stems From sony Production Flaw� WASHINGTON (AP) -- America's trade deficit showed a slight improvement as strong global growth pushed U.S. exports to a record level. That helped offset a surge in Chinese imports and record crude oil prices. The deficit declined 0.3 percent in June, compared with May, dropping to $64.8 billion, still the fifth largest imbalance on record, the Commerce Department reported Thursday. The deficit is running at an annual rate of $768 billion through the first six months of this year, putting the country on track to see a fifth straight record imbalance. Last year's deficit was $716.7 billion. Prior considerations remain apposite in this clearly overvalued market. The frauds on wall street feel compelled to continue their tradition/superstition/fraud tactic of buying on the rumor and selling on the news (fact) of the Fed�s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money.� Yahoo previously commented: Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance....., to which I responded, Wild..... I�ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported and will now join gm in worker buyouts; but both GM and Ford will now offer built-in ipods which should substantially help their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Analyst says GM good news now behind it (past/discounted), yet stock still rose upon said analysis �..riiiiight�.. daaaaah! Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal, maybe even suspension, that has cast a harsh light on Silicon Valley's compensation practices. Don�t forget that GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland lunatic world of wall street is of course good news. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid (approx.) 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it�s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very commissionable (investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $51; yes, as in the last crash, they will get fooled again� as stocks up sharply in the fraudulent alice-in-wonderland lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the pundits/analysts are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley (who also says that in Europe bush�s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the �better than expectations� game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. Spotlight on the Stock Option Scandal-The share prices of companies involved in stock options backdating have held up well compared to the broader market. But shareholders might be in for a rougher ride. Plus, why the Nasdaq has its hands full. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived pearl harbor effect)/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/ and the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what�s up is down and what�s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they�ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin� to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don�t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)

"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006

WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):

The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

(1-18-07) Stocks drop still only modestly relative to reality with suckers bear market rally still intact as the wall street fraud continues to suck the suckers in; ie., as the Dow Jones industrial average fell 9.22 S&P fell 4.25,and NASDAQ fell 36.21, all very commissionable on heavy volume, as in final pre-election result push for bush, which fell very short but has provided the same pump-priming of the market as most recently seen in 1999 which ended quite badly even without the exacerbating effects of huge unsustainable and debilitating debt/deficits deferring/delaying/prolonging the inevitable reality even as entire domestic u.s. industries are rendered what is tantamount to defunct and with corporate welfare unwisely spent (war crimes, etc.).Fed Chairman Bernanke begins to euphemistically discuss reality on capital hill. PAPER: Condo market in DC, Vegas, Miami and Boston has collapsed... Euro displaces dollar in bond markets...Higher oil prices and fake numbers spurs rally. More fake job numbers (at best, hamburger helpers, etc.). Jawboning by kohn of print-those-worthless-dollars fed raises market.....riiiiight! The ism services index fell, but that was down from an unexpectedly and fake strong read a month earlier, manufacturing index up slightly to 51.4 (they must be counting hamburgers as manufactured goods in u.s......riiiiight!) but fed knows they�ve been printing worthless dollars like mad which of course is hyperinflationary and will come home to roost, along with huge debt/deficits, trade and budget, Stores Report Disappointing Dec. Sales, Gap Woes Deepen in Bleak Holiday Season. Ford and GM auto sales down 13%. More reports in defiance of reality, oil prices up, Dollar Slides...,every intelligent analyst/economist knows that the new home sales number from the government is a total lie that will be revised downward later, that the options scandals are pervasive in fraudulent america (100 investigations just tip of the iceberg), oil stocks continue to rally on lower oil prices, as previously on pipeline explosion in Nigeria, spill in Gulf, and sanctions for Iran, and sharp FALL in oil prices.....riiiiight!.....predictions of disappointing retail sales even with fire-sale discounted prices,..... Highest increase (2%) in 30 years for the wholesale price index, and as well, the core ppi (1.3%), GDP growth less than expected at 2%, dollar sharply lower, oil prices up, building permits down, all unexpectedly bad but great news in the fraudulent alice-in-wonderland lunatic world of wall street. New Record Quarterly Trade Deficit initially spurred lunatic market rally along with obfuscating but very commissionable merger activity. Core inflation a very unexpected unchanged .....riiiiight!.....spurs superstitious, devoid of reality, santa rally.� Investment Banks Post Record 2006 Profit .....daaaaah! Churning and earning on worthless paper, where is that commission dollar coming from even as america has ceded solvency/leadership in every economic measure. Even at the lofty record numbers the indices are worth roughly half their value based on precipitous fall of the dollar in only 5 years with further downside to go. Superstitious �Santa Claus rally�.....riiiiight! High oil price rally.....riiiiight!� Total� bulls**t ! Retail sales up a very unexpected 1%, riiiiight, at the same time inventories of such goods rising substantially (do you think they�re booking sales to �straw men/companies�.....I do!) and oil inventories down. Fake employment numbers (from the government.....riiiiight!) the impetus for previous b.s. rally despite falling sentiment and uptick in unemployment. The ism services index (financed by unsustainable deficit/debt spending and pushing/commissioning worthless paper) and jawboning/bulls**t from the housing industry (the end is near.....riiiiight!), obfuscating mergers continued to cloud the picture, closely-watched core-PCE deflator had risen a more than expected 0.2%, second sub-50 reading on manufacturing activity in as many sessions-the November ISM index unexpectedly fell to 49.5 (consensus 52.0), Chicago PMI fell to its lowest level (49.9%) in October, and below the 50 level, indicating contraction, crude prices up� (OIL PRICES RISE ABOVE $63 A BARREL...), DOLLAR RESUMES SLIDE, Fed Chairman Bernanke & Co. cheerleading/jawboning/bulls**t, 3.2% decline in new home sales, oil inventories down and oil prices up, oil producers shun the dollar, Russia and Opec shift revenues into euros, yen and sterling..., all very bad news anywhere but in the fraudulent alice-in-wonderland world of wall street. Durable goods orders fell sharply, sentiment down, but supposedly used home sales rose slightly (riiiiight.....who says; the realtors/government who have been talking up this bubble market?) albeit at sharply lower prices. DOLLAR PLUNGES TO NEAR 15-YEAR LOW� In other words, no good news to justify the ridiculous up move by the alice-in-wonderland frauds of wall street. Worthless dollar, triple deficits, stock/options scandals/corruption, as some speculate that fed is behind purchases/manipulation (through proxy) of worthless american paper now being shunned by more rational market players abroad.� MARKETS ROCKED BY LONG OVERDUE BUT STILL MODEST RELATIVE TO REALITY SHARP SLIDE IN DOLLAR...There has never been a time since 1929 when stock prices and p/e ratios were so irrationally high for this point in a bull cycle in this indisputable secular bear market, particularly with the existing unprecedented structural economic problems, ie., trade and budget deficits, worthless dollar, scandals, fraud, corruption , etc.. In fact, unemployment unexpectedly rose substantially and consumer sentiment unexpectedly but similarly realistically fell, both very negative exept in the� fraudulent alice-in-wonderland world of wall street. Indeed, the housing bubble bursting with ie., unexpected 14% decline in starts/permits, etc., led to rally in the fraudulent alice-in-wonderland world of wall street. Obfuscating mergers help preclude detection of this massive and pervasive fraud which defies analysis owing to these mergers. New talking pointing: dell numbers exceed expectations depending upon ongoing government scrutiny of their accounting practices.....riiiiight! More contrived manipulated markets and data well as that previous unexpected rise in that global hub of manufacturing activity, New York (worthless paper is their real product, etc.) �..riiiiight!�.. underpins fraudulent up move. Reassuring Fed speak, also known as b**l s**t, along with IPO�s (get the suckers in at the highs as in late 90�s market bubble), and shrugging off pervasive stock/options fraud as at, ie., KB Homes, etc., leave stocks ridiculously higher. Nations leaving the worthless dollar in droves for currencies backed by value and for precious metals. Based on the self-interested statement of typical fraud american and fed rep, we hear once again the wishful thought that housing has bottomed.....right! [Reality/Truth: US housing slump deepens, spreads]. Home depot rallies despite lower than expected results and lower guidance for the year.....right! Who is stupid enough to believe anything the fraudulent criminal americans say. They are printing worthless dollars like mad. Consumer sentiment actually previously fell and there was nothing but wall street lunacy to prop the fraudulent market. The republicans who lockstepped with war criminal dumbya bush deserved to lose. The frauds on wall street now looking for the new corporate welfare program for which to sell the sizzle ie., stem cells, etc.. The know-nothing pundits are now saying the up move without any rational basis is predicated upon the the falsity that gridlock in washington is welcomed and good because no regulation of, ie., fraud on wall street, etc., can be passed. How about a tax on stock trades to come directly from the traders' (traitors/frauds) bottom lines and provide a disincentive for the churn-and-earn fraud which is tantamount to a wasteful tax on the economy. Even token Christian paulison from jew fraud wall street couldn't stem the tide against the blatent zionist/neocon/bush co failure accross the board as the wall street frauds show record profits financed, albeit indirectly, by huge deficits, both trade and budget. Obfuscating mergers blur the picture to provide cover for up move talking points in defiance of reality.� Stagflation and full employment revisions pre-election.....riiiiight. Productivity comes in at a less than expected 0 (inflationary). The only surprise should have been that the number wasn't negative. The pundits are now saying that the market/wall street fraud is in a state of denial regarding economic fundamentals and that the market is substantially overbought, overvalued, overfrauded, over, etc., the manufacturing index coming in lower than expectations. Consumer sentiment unexpectedly fell.....daaaaah. Pre-election core inflation rate report good �..riiiiight�..but savings rate still negative and walmart sales/profits/outlook substantially below expectations but what the heck, they�re wallstreet lunatics/frauds and reality is no problem. Despite pre-election deficit spending, GNP comes in a less than expected paltry 1.6% increase with worthless falling dollar the catch-22 precluding reality avoidance and the worst yet to come. More nations leaving the worthless dollar as reserve currency even as frauds on wall street reach new highs (What are they smoking? Coking? or like the dollar just cracking) based on corporate welfare flows with money the nation doesn't have pre-election (record deficits). Housing prices continue their sharp decline as bubble deflates. GM only lost 115 million. Ford lost 5.8 billion and must restate earnings back to year 2000 is a bullish sign in the fraudulent alice-in-wonderland lunatic world of wall street. Typical pre-fed meeting rally to provide a cushion for any negative pronouncements which reality would require but are seldom forthcoming by the accommodative frauds who have similarly embraced unreality. Indeed, the gutless wimps of wall street think they're "tough" when they fraudulently take the market higher despite a clearly contrary fact based reality. Caterpillar relates the pervasive reality and the frauds on wallstreet intimidate same with sell off, ignoring pervasive options scandal/fraud and rallies Merck despite lower than expectation results.....riiiiight! Election year corporate welfare to prime the pump and the mock stock market with money the nation doesn�t have (increasing already huge deficits). CPI figures (upon which government inflation adjusted payment obligations are based) lower than expected�..riiiiight! Intel earnings/revenues down sharply but according to the lunatic frauds on wall street, beat expectations and stock rallies along with yahoo which as in the pre-dot com bust days says better days are a coming�.. riiiiight Core inflation rate which is closely watched by the Fed exceeds all expectations. Fraud Merrill Lynch has really been pushing and commissioning that worthless paper and reports record earnings, despite having produced nothing and for very little if any value added (that ill-gotten money has to come from somewhere-your pockets?). The big economic report awaiting scrutiny was the monthly trade deficit which was expected to narrow but in fact INCREASED to 69.9 billion. The alice-in-wonderland lunatic wall street frauds rallied on the news as the dollar precipitously fell. The Fed Chairman said there is a "substantial correction" in housing, which will probably shave about 1% off growth in the second half of the year. The Institute of Supply Management said its services index fell to 52.9 in September -- the lowest level since April 2003. Great News�.. riiiiight!..... Consumer Confidence Higher Than Expected... riiiiight!..... and housing starts were down sharply but not-as-bad-as-expectations game in play US Existing Home Sales Fall 0.5% in August; Sales Price Drops Existing-home prices fall for 1st time in 11 years along with fed jaw-boning pre-election that inflation has been licked .....riiiiight �..despite printing worthless dollars like they�re going out of style because they really are! Fed did nothing and stocks rallied, pre-election.....riiiiight! What about the reality of u.s. debt service at a record unsustainable $2 billion per day on a revolving $2 trillion charge account with ie., China, etc.. The fact that foreclosures are up and that there is projected new trade deficit record, fake government inflation numbers for election year purposes, housing starts down 6% means little to the alice-in-wonderland lunatic frauds of wall street and the so-called pundits including yahoo below. Almost all computerized volume is and must be considered heavy, manipulated, economically wasteful volume [stocks move contrary to rational analytical facts (ie., exceeded lowered expectations, things so bad interest rates can�t rise, exceeded expectations, no earnings but outlook extraordinary, the fed says booo as they print more worthless dollars to finance deficits, etc. ) is money in the bank for the frauds on wall street when they unwind said irrational positions ]. Philadelphia Federal Reserve announces that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, leading economic indicators fall .2%, and previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows with b**l s**t from Yahoo (which didn�t even reference the record unanticipated trade gap):

There is nothing to rationally justify the previous up move or mixed results in the market other than what is tantamount to a negative, and based upon spurious data from the government; ie., fake government numbers said total PPI rose a smaller than expected 0.1% (consensus 0.4%) in July, which was well below the 0.5% jump in June, while the more closely watched core rate (ex-food and energy) unexpectedly (RIIIIIGHT!) fell 0.3% (consensus +0.2%) -- the first decline since October and the largest drop since a 0.5% decline in April 2003. Home Sales Decline in 28 States, D.C.. Real estate prices down/stagnant. But housing stocks�..up.....riiiiight!.....in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down.� Martin Crutsinger, AP Economics Writer, previously wrote,� U.S. Trade Deficit Falls 0.3 Percent in June to $64.8B, Offsetting Jump in Chinese Imports. Dell Recall Stems From sony Production Flaw� WASHINGTON (AP) -- America's trade deficit showed a slight improvement as strong global growth pushed U.S. exports to a record level. That helped offset a surge in Chinese imports and record crude oil prices. The deficit declined 0.3 percent in June, compared with May, dropping to $64.8 billion, still the fifth largest imbalance on record, the Commerce Department reported Thursday. The deficit is running at an annual rate of $768 billion through the first six months of this year, putting the country on track to see a fifth straight record imbalance. Last year's deficit was $716.7 billion. Prior considerations remain apposite in this clearly overvalued market. The frauds on wall street feel compelled to continue their tradition/superstition/fraud tactic of buying on the rumor and selling on the news (fact) of the Fed�s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money.� Yahoo previously commented: Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance....., to which I responded, Wild..... I�ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported and will now join gm in worker buyouts; but both GM and Ford will now offer built-in ipods which should substantially help their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Analyst says GM good news now behind it (past/discounted), yet stock still rose upon said analysis �..riiiiight�.. daaaaah! Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal, maybe even suspension, that has cast a harsh light on Silicon Valley's compensation practices. Don�t forget that GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland lunatic world of wall street is of course good news. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid (approx.) 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it�s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very commissionable (investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $50; yes, as in the last crash, they will get fooled again� as stocks up sharply in the fraudulent alice-in-wonderland lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the pundits/analysts are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley (who also says that in Europe bush�s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the �better than expectations� game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. Spotlight on the Stock Option Scandal-The share prices of companies involved in stock options backdating have held up well compared to the broader market. But shareholders might be in for a rougher ride. Plus, why the Nasdaq has its hands full. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived pearl harbor effect)/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/ and the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what�s up is down and what�s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they�ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin� to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don�t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)

"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006

WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):

The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

(1-17-07) Stocks drop still only modestly relative to reality with suckers bear market rally still intact as the wall street fraud continues to suck the suckers in; ie., as the Dow Jones industrial average fell 5.44 S&P fell 1.28 ,and NASDAQ fell 18.36, all very commissionable on heavy volume, as in final pre-election result push for bush, which fell very short but has provided the same pump-priming of the market as most recently seen in 1999 which ended quite badly even without the exacerbating effects of huge unsustainable and debilitating debt/deficits deferring/delaying/prolonging the inevitable reality even as entire domestic u.s. industries are rendered what is tantamount to defunct and with corporate welfare unwisely spent (war crimes, etc.).PAPER: Condo market in DC, Vegas, Miami and Boston has collapsed... Euro displaces dollar in bond markets...Higher oil prices and fake numbers spurs rally. More fake job numbers (at best, hamburger helpers, etc.). Jawboning by kohn of print-those-worthless-dollars fed raises market.....riiiiight! The ism services index fell, but that was down from an unexpectedly and fake strong read a month earlier, manufacturing index up slightly to 51.4 (they must be counting hamburgers as manufactured goods in u.s......riiiiight!) but fed knows they�ve been printing worthless dollars like mad which of course is hyperinflationary and will come home to roost, along with huge debt/deficits, trade and budget, Stores Report Disappointing Dec. Sales, Gap Woes Deepen in Bleak Holiday Season. Ford and GM auto sales down 13%. More reports in defiance of reality, oil prices up, Dollar Slides...,every intelligent analyst/economist knows that the new home sales number from the government is a total lie that will be revised downward later, that the options scandals are pervasive in fraudulent america (100 investigations just tip of the iceberg), oil stocks continue to rally on lower oil prices, as previously on pipeline explosion in Nigeria, spill in Gulf, and sanctions for Iran, and sharp FALL in oil prices.....riiiiight!.....predictions of disappointing retail sales even with fire-sale discounted prices,..... Highest increase (2%) in 30 years for the wholesale price index, and as well, the core ppi (1.3%), GDP growth less than expected at 2%, dollar sharply lower, oil prices up, building permits down, all unexpectedly bad but great news in the fraudulent alice-in-wonderland lunatic world of wall street. New Record Quarterly Trade Deficit initially spurred lunatic market rally along with obfuscating but very commissionable merger activity. Core inflation a very unexpected unchanged .....riiiiight!.....spurs superstitious, devoid of reality, santa rally.� Investment Banks Post Record 2006 Profit .....daaaaah! Churning and earning on worthless paper, where is that commission dollar coming from even as america has ceded solvency/leadership in every economic measure. Even at the lofty record numbers the indices are worth roughly half their value based on precipitous fall of the dollar in only 5 years with further downside to go. Superstitious �Santa Claus rally�.....riiiiight! High oil price rally.....riiiiight!� Total� bulls**t ! Retail sales up a very unexpected 1%, riiiiight, at the same time inventories of such goods rising substantially (do you think they�re booking sales to �straw men/companies�.....I do!) and oil inventories down. Fake employment numbers (from the government.....riiiiight!) the impetus for previous b.s. rally despite falling sentiment and uptick in unemployment. The ism services index (financed by unsustainable deficit/debt spending and pushing/commissioning worthless paper) and jawboning/bulls**t from the housing industry (the end is near.....riiiiight!), obfuscating mergers continued to cloud the picture, closely-watched core-PCE deflator had risen a more than expected 0.2%, second sub-50 reading on manufacturing activity in as many sessions-the November ISM index unexpectedly fell to 49.5 (consensus 52.0), Chicago PMI fell to its lowest level (49.9%) in October, and below the 50 level, indicating contraction, crude prices up� (OIL PRICES RISE ABOVE $63 A BARREL...), DOLLAR RESUMES SLIDE, Fed Chairman Bernanke & Co. cheerleading/jawboning/bulls**t, 3.2% decline in new home sales, oil inventories down and oil prices up, oil producers shun the dollar, Russia and Opec shift revenues into euros, yen and sterling..., all very bad news anywhere but in the fraudulent alice-in-wonderland world of wall street. Durable goods orders fell sharply, sentiment down, but supposedly used home sales rose slightly (riiiiight.....who says; the realtors/government who have been talking up this bubble market?) albeit at sharply lower prices. DOLLAR PLUNGES TO NEAR 15-YEAR LOW� In other words, no good news to justify the ridiculous up move by the alice-in-wonderland frauds of wall street. Worthless dollar, triple deficits, stock/options scandals/corruption, as some speculate that fed is behind purchases/manipulation (through proxy) of worthless american paper now being shunned by more rational market players abroad.� MARKETS ROCKED BY LONG OVERDUE BUT STILL MODEST RELATIVE TO REALITY SHARP SLIDE IN DOLLAR...There has never been a time since 1929 when stock prices and p/e ratios were so irrationally high for this point in a bull cycle in this indisputable secular bear market, particularly with the existing unprecedented structural economic problems, ie., trade and budget deficits, worthless dollar, scandals, fraud, corruption , etc.. In fact, unemployment unexpectedly rose substantially and consumer sentiment unexpectedly but similarly realistically fell, both very negative exept in the� fraudulent alice-in-wonderland world of wall street. Indeed, the housing bubble bursting with ie., unexpected 14% decline in starts/permits, etc., led to rally in the fraudulent alice-in-wonderland world of wall street. Obfuscating mergers help preclude detection of this massive and pervasive fraud which defies analysis owing to these mergers. New talking pointing: dell numbers exceed expectations depending upon ongoing government scrutiny of their accounting practices.....riiiiight! More contrived manipulated markets and data well as that previous unexpected rise in that global hub of manufacturing activity, New York (worthless paper is their real product, etc.) �..riiiiight!�.. underpins fraudulent up move. Reassuring Fed speak, also known as b**l s**t, along with IPO�s (get the suckers in at the highs as in late 90�s market bubble), and shrugging off pervasive stock/options fraud as at, ie., KB Homes, etc., leave stocks ridiculously higher. Nations leaving the worthless dollar in droves for currencies backed by value and for precious metals. Based on the self-interested statement of typical fraud american and fed rep, we hear once again the wishful thought that housing has bottomed.....right! [Reality/Truth: US housing slump deepens, spreads]. Home depot rallies despite lower than expected results and lower guidance for the year.....right! Who is stupid enough to believe anything the fraudulent criminal americans say. They are printing worthless dollars like mad. Consumer sentiment actually previously fell and there was nothing but wall street lunacy to prop the fraudulent market. The republicans who lockstepped with war criminal dumbya bush deserved to lose. The frauds on wall street now looking for the new corporate welfare program for which to sell the sizzle ie., stem cells, etc.. The know-nothing pundits are now saying the up move without any rational basis is predicated upon the the falsity that gridlock in washington is welcomed and good because no regulation of, ie., fraud on wall street, etc., can be passed. How about a tax on stock trades to come directly from the traders' (traitors/frauds) bottom lines and provide a disincentive for the churn-and-earn fraud which is tantamount to a wasteful tax on the economy. Even token Christian paulison from jew fraud wall street couldn't stem the tide against the blatent zionist/neocon/bush co failure accross the board as the wall street frauds show record profits financed, albeit indirectly, by huge deficits, both trade and budget. Obfuscating mergers blur the picture to provide cover for up move talking points in defiance of reality.� Stagflation and full employment revisions pre-election.....riiiiight. Productivity comes in at a less than expected 0 (inflationary). The only surprise should have been that the number wasn't negative. The pundits are now saying that the market/wall street fraud is in a state of denial regarding economic fundamentals and that the market is substantially overbought, overvalued, overfrauded, over, etc., the manufacturing index coming in lower than expectations. Consumer sentiment unexpectedly fell.....daaaaah. Pre-election core inflation rate report good �..riiiiight�..but savings rate still negative and walmart sales/profits/outlook substantially below expectations but what the heck, they�re wallstreet lunatics/frauds and reality is no problem. Despite pre-election deficit spending, GNP comes in a less than expected paltry 1.6% increase with worthless falling dollar the catch-22 precluding reality avoidance and the worst yet to come. More nations leaving the worthless dollar as reserve currency even as frauds on wall street reach new highs (What are they smoking? Coking? or like the dollar just cracking) based on corporate welfare flows with money the nation doesn't have pre-election (record deficits). Housing prices continue their sharp decline as bubble deflates. GM only lost 115 million. Ford lost 5.8 billion and must restate earnings back to year 2000 is a bullish sign in the fraudulent alice-in-wonderland lunatic world of wall street. Typical pre-fed meeting rally to provide a cushion for any negative pronouncements which reality would require but are seldom forthcoming by the accommodative frauds who have similarly embraced unreality. Indeed, the gutless wimps of wall street think they're "tough" when they fraudulently take the market higher despite a clearly contrary fact based reality. Caterpillar relates the pervasive reality and the frauds on wallstreet intimidate same with sell off, ignoring pervasive options scandal/fraud and rallies Merck despite lower than expectation results.....riiiiight! Election year corporate welfare to prime the pump and the mock stock market with money the nation doesn�t have (increasing already huge deficits). CPI figures (upon which government inflation adjusted payment obligations are based) lower than expected�..riiiiight! Intel earnings/revenues down sharply but according to the lunatic frauds on wall street, beat expectations and stock rallies along with yahoo which as in the pre-dot com bust days says better days are a coming�.. riiiiight Core inflation rate which is closely watched by the Fed exceeds all expectations. Fraud Merrill Lynch has really been pushing and commissioning that worthless paper and reports record earnings, despite having produced nothing and for very little if any value added (that ill-gotten money has to come from somewhere-your pockets?). The big economic report awaiting scrutiny was the monthly trade deficit which was expected to narrow but in fact INCREASED to 69.9 billion. The alice-in-wonderland lunatic wall street frauds rallied on the news as the dollar precipitously fell. The Fed Chairman said there is a "substantial correction" in housing, which will probably shave about 1% off growth in the second half of the year. The Institute of Supply Management said its services index fell to 52.9 in September -- the lowest level since April 2003. Great News�.. riiiiight!..... Consumer Confidence Higher Than Expected... riiiiight!..... and housing starts were down sharply but not-as-bad-as-expectations game in play US Existing Home Sales Fall 0.5% in August; Sales Price Drops Existing-home prices fall for 1st time in 11 years along with fed jaw-boning pre-election that inflation has been licked .....riiiiight �..despite printing worthless dollars like they�re going out of style because they really are! Fed did nothing and stocks rallied, pre-election.....riiiiight! What about the reality of u.s. debt service at a record unsustainable $2 billion per day on a revolving $2 trillion charge account with ie., China, etc.. The fact that foreclosures are up and that there is projected new trade deficit record, fake government inflation numbers for election year purposes, housing starts down 6% means little to the alice-in-wonderland lunatic frauds of wall street and the so-called pundits including yahoo below. Almost all computerized volume is and must be considered heavy, manipulated, economically wasteful volume [stocks move contrary to rational analytical facts (ie., exceeded lowered expectations, things so bad interest rates can�t rise, exceeded expectations, no earnings but outlook extraordinary, the fed says booo as they print more worthless dollars to finance deficits, etc. ) is money in the bank for the frauds on wall street when they unwind said irrational positions ]. Philadelphia Federal Reserve announces that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, leading economic indicators fall .2%, and previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows with b**l s**t from Yahoo (which didn�t even reference the record unanticipated trade gap):

There is nothing to rationally justify the previous up move or mixed results in the market other than what is tantamount to a negative, and based upon spurious data from the government; ie., fake government numbers said total PPI rose a smaller than expected 0.1% (consensus 0.4%) in July, which was well below the 0.5% jump in June, while the more closely watched core rate (ex-food and energy) unexpectedly (RIIIIIGHT!) fell 0.3% (consensus +0.2%) -- the first decline since October and the largest drop since a 0.5% decline in April 2003. Home Sales Decline in 28 States, D.C.. Real estate prices down/stagnant. But housing stocks�..up.....riiiiight!.....in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down.� Martin Crutsinger, AP Economics Writer, previously wrote,� U.S. Trade Deficit Falls 0.3 Percent in June to $64.8B, Offsetting Jump in Chinese Imports. Dell Recall Stems From sony Production Flaw� WASHINGTON (AP) -- America's trade deficit showed a slight improvement as strong global growth pushed U.S. exports to a record level. That helped offset a surge in Chinese imports and record crude oil prices. The deficit declined 0.3 percent in June, compared with May, dropping to $64.8 billion, still the fifth largest imbalance on record, the Commerce Department reported Thursday. The deficit is running at an annual rate of $768 billion through the first six months of this year, putting the country on track to see a fifth straight record imbalance. Last year's deficit was $716.7 billion. Prior considerations remain apposite in this clearly overvalued market. The frauds on wall street feel compelled to continue their tradition/superstition/fraud tactic of buying on the rumor and selling on the news (fact) of the Fed�s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money.� Yahoo previously commented: Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance....., to which I responded, Wild..... I�ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported and will now join gm in worker buyouts; but both GM and Ford will now offer built-in ipods which should substantially help their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Analyst says GM good news now behind it (past/discounted), yet stock still rose upon said analysis �..riiiiight�.. daaaaah! Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal, maybe even suspension, that has cast a harsh light on Silicon Valley's compensation practices. Don�t forget that GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland lunatic world of wall street is of course good news. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid (approx.) 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it�s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very commissionable (investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $52; yes, as in the last crash, they will get fooled again� as stocks up sharply in the fraudulent alice-in-wonderland lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the pundits/analysts are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley (who also says that in Europe bush�s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the �better than expectations� game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. Spotlight on the Stock Option Scandal-The share prices of companies involved in stock options backdating have held up well compared to the broader market. But shareholders might be in for a rougher ride. Plus, why the Nasdaq has its hands full. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived pearl harbor effect)/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/ and the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what�s up is down and what�s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they�ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin� to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don�t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)

"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006

WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):

The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

(1-16-07) Lunatics suckers bear market rally into the close as the wall street fraud continues to suck the suckers in; ie., as the Dow Jones industrial average up 26.51, S&P up 1.17, and NASDAQ down 5.04, all very commissionable on heavy volume, as in final pre-election result push for bush, which fell very short but has provided the same pump-priming of the market as most recently seen in 1999 which ended quite badly even without the exacerbating effects of huge unsustainable and debilitating debt/deficits deferring/delaying/prolonging the inevitable reality even as entire domestic u.s. industries are rendered what is tantamount to defunct and with corporate welfare unwisely spent (war crimes, etc.).PAPER: Condo market in DC, Vegas, Miami and Boston has collapsed... Euro displaces dollar in bond markets...Higher oil prices and fake numbers spurs rally. More fake job numbers (at best, hamburger helpers, etc.). Jawboning by kohn of print-those-worthless-dollars fed raises market.....riiiiight! The ism services index fell, but that was down from an unexpectedly and fake strong read a month earlier, manufacturing index up slightly to 51.4 (they must be counting hamburgers as manufactured goods in u.s......riiiiight!) but fed knows they�ve been printing worthless dollars like mad which of course is hyperinflationary and will come home to roost, along with huge debt/deficits, trade and budget, Stores Report Disappointing Dec. Sales, Gap Woes Deepen in Bleak Holiday Season. Ford and GM auto sales down 13%. More reports in defiance of reality, oil prices up, Dollar Slides...,every intelligent analyst/economist knows that the new home sales number from the government is a total lie that will be revised downward later, that the options scandals are pervasive in fraudulent america (100 investigations just tip of the iceberg), oil stocks continue to rally on lower oil prices, as previously on pipeline explosion in Nigeria, spill in Gulf, and sanctions for Iran, and sharp FALL in oil prices.....riiiiight!.....predictions of disappointing retail sales even with fire-sale discounted prices,..... Highest increase (2%) in 30 years for the wholesale price index, and as well, the core ppi (1.3%), GDP growth less than expected at 2%, dollar sharply lower, oil prices up, building permits down, all unexpectedly bad but great news in the fraudulent alice-in-wonderland lunatic world of wall street. New Record Quarterly Trade Deficit initially spurred lunatic market rally along with obfuscating but very commissionable merger activity. Core inflation a very unexpected unchanged .....riiiiight!.....spurs superstitious, devoid of reality, santa rally.� Investment Banks Post Record 2006 Profit .....daaaaah! Churning and earning on worthless paper, where is that commission dollar coming from even as america has ceded solvency/leadership in every economic measure. Even at the lofty record numbers the indices are worth roughly half their value based on precipitous fall of the dollar in only 5 years with further downside to go. Superstitious �Santa Claus rally�.....riiiiight! High oil price rally.....riiiiight!� Total� bulls**t ! Retail sales up a very unexpected 1%, riiiiight, at the same time inventories of such goods rising substantially (do you think they�re booking sales to �straw men/companies�.....I do!) and oil inventories down. Fake employment numbers (from the government.....riiiiight!) the impetus for previous b.s. rally despite falling sentiment and uptick in unemployment. The ism services index (financed by unsustainable deficit/debt spending and pushing/commissioning worthless paper) and jawboning/bulls**t from the housing industry (the end is near.....riiiiight!), obfuscating mergers continued to cloud the picture, closely-watched core-PCE deflator had risen a more than expected 0.2%, second sub-50 reading on manufacturing activity in as many sessions-the November ISM index unexpectedly fell to 49.5 (consensus 52.0), Chicago PMI fell to its lowest level (49.9%) in October, and below the 50 level, indicating contraction, crude prices up� (OIL PRICES RISE ABOVE $63 A BARREL...), DOLLAR RESUMES SLIDE, Fed Chairman Bernanke & Co. cheerleading/jawboning/bulls**t, 3.2% decline in new home sales, oil inventories down and oil prices up, oil producers shun the dollar, Russia and Opec shift revenues into euros, yen and sterling..., all very bad news anywhere but in the fraudulent alice-in-wonderland world of wall street. Durable goods orders fell sharply, sentiment down, but supposedly used home sales rose slightly (riiiiight.....who says; the realtors/government who have been talking up this bubble market?) albeit at sharply lower prices. DOLLAR PLUNGES TO NEAR 15-YEAR LOW� In other words, no good news to justify the ridiculous up move by the alice-in-wonderland frauds of wall street. Worthless dollar, triple deficits, stock/options scandals/corruption, as some speculate that fed is behind purchases/manipulation (through proxy) of worthless american paper now being shunned by more rational market players abroad.� MARKETS ROCKED BY LONG OVERDUE BUT STILL MODEST RELATIVE TO REALITY SHARP SLIDE IN DOLLAR...There has never been a time since 1929 when stock prices and p/e ratios were so irrationally high for this point in a bull cycle in this indisputable secular bear market, particularly with the existing unprecedented structural economic problems, ie., trade and budget deficits, worthless dollar, scandals, fraud, corruption , etc.. In fact, unemployment unexpectedly rose substantially and consumer sentiment unexpectedly but similarly realistically fell, both very negative exept in the� fraudulent alice-in-wonderland world of wall street. Indeed, the housing bubble bursting with ie., unexpected 14% decline in starts/permits, etc., led to rally in the fraudulent alice-in-wonderland world of wall street. Obfuscating mergers help preclude detection of this massive and pervasive fraud which defies analysis owing to these mergers. New talking pointing: dell numbers exceed expectations depending upon ongoing government scrutiny of their accounting practices.....riiiiight! More contrived manipulated markets and data well as that previous unexpected rise in that global hub of manufacturing activity, New York (worthless paper is their real product, etc.) �..riiiiight!�.. underpins fraudulent up move. Reassuring Fed speak, also known as b**l s**t, along with IPO�s (get the suckers in at the highs as in late 90�s market bubble), and shrugging off pervasive stock/options fraud as at, ie., KB Homes, etc., leave stocks ridiculously higher. Nations leaving the worthless dollar in droves for currencies backed by value and for precious metals. Based on the self-interested statement of typical fraud american and fed rep, we hear once again the wishful thought that housing has bottomed.....right! [Reality/Truth: US housing slump deepens, spreads]. Home depot rallies despite lower than expected results and lower guidance for the year.....right! Who is stupid enough to believe anything the fraudulent criminal americans say. They are printing worthless dollars like mad. Consumer sentiment actually previously fell and there was nothing but wall street lunacy to prop the fraudulent market. The republicans who lockstepped with war criminal dumbya bush deserved to lose. The frauds on wall street now looking for the new corporate welfare program for which to sell the sizzle ie., stem cells, etc.. The know-nothing pundits are now saying the up move without any rational basis is predicated upon the the falsity that gridlock in washington is welcomed and good because no regulation of, ie., fraud on wall street, etc., can be passed. How about a tax on stock trades to come directly from the traders' (traitors/frauds) bottom lines and provide a disincentive for the churn-and-earn fraud which is tantamount to a wasteful tax on the economy. Even token Christian paulison from jew fraud wall street couldn't stem the tide against the blatent zionist/neocon/bush co failure accross the board as the wall street frauds show record profits financed, albeit indirectly, by huge deficits, both trade and budget. Obfuscating mergers blur the picture to provide cover for up move talking points in defiance of reality.� Stagflation and full employment revisions pre-election.....riiiiight. Productivity comes in at a less than expected 0 (inflationary). The only surprise should have been that the number wasn't negative. The pundits are now saying that the market/wall street fraud is in a state of denial regarding economic fundamentals and that the market is substantially overbought, overvalued, overfrauded, over, etc., the manufacturing index coming in lower than expectations. Consumer sentiment unexpectedly fell.....daaaaah. Pre-election core inflation rate report good �..riiiiight�..but savings rate still negative and walmart sales/profits/outlook substantially below expectations but what the heck, they�re wallstreet lunatics/frauds and reality is no problem. Despite pre-election deficit spending, GNP comes in a less than expected paltry 1.6% increase with worthless falling dollar the catch-22 precluding reality avoidance and the worst yet to come. More nations leaving the worthless dollar as reserve currency even as frauds on wall street reach new highs (What are they smoking? Coking? or like the dollar just cracking) based on corporate welfare flows with money the nation doesn't have pre-election (record deficits). Housing prices continue their sharp decline as bubble deflates. GM only lost 115 million. Ford lost 5.8 billion and must restate earnings back to year 2000 is a bullish sign in the fraudulent alice-in-wonderland lunatic world of wall street. Typical pre-fed meeting rally to provide a cushion for any negative pronouncements which reality would require but are seldom forthcoming by the accommodative frauds who have similarly embraced unreality. Indeed, the gutless wimps of wall street think they're "tough" when they fraudulently take the market higher despite a clearly contrary fact based reality. Caterpillar relates the pervasive reality and the frauds on wallstreet intimidate same with sell off, ignoring pervasive options scandal/fraud and rallies Merck despite lower than expectation results.....riiiiight! Election year corporate welfare to prime the pump and the mock stock market with money the nation doesn�t have (increasing already huge deficits). CPI figures (upon which government inflation adjusted payment obligations are based) lower than expected�..riiiiight! Intel earnings/revenues down sharply but according to the lunatic frauds on wall street, beat expectations and stock rallies along with yahoo which as in the pre-dot com bust days says better days are a coming�.. riiiiight Core inflation rate which is closely watched by the Fed exceeds all expectations. Fraud Merrill Lynch has really been pushing and commissioning that worthless paper and reports record earnings, despite having produced nothing and for very little if any value added (that ill-gotten money has to come from somewhere-your pockets?). The big economic report awaiting scrutiny was the monthly trade deficit which was expected to narrow but in fact INCREASED to 69.9 billion. The alice-in-wonderland lunatic wall street frauds rallied on the news as the dollar precipitously fell. The Fed Chairman said there is a "substantial correction" in housing, which will probably shave about 1% off growth in the second half of the year. The Institute of Supply Management said its services index fell to 52.9 in September -- the lowest level since April 2003. Great News�.. riiiiight!..... Consumer Confidence Higher Than Expected... riiiiight!..... and housing starts were down sharply but not-as-bad-as-expectations game in play US Existing Home Sales Fall 0.5% in August; Sales Price Drops Existing-home prices fall for 1st time in 11 years along with fed jaw-boning pre-election that inflation has been licked .....riiiiight �..despite printing worthless dollars like they�re going out of style because they really are! Fed did nothing and stocks rallied, pre-election.....riiiiight! What about the reality of u.s. debt service at a record unsustainable $2 billion per day on a revolving $2 trillion charge account with ie., China, etc.. The fact that foreclosures are up and that there is projected new trade deficit record, fake government inflation numbers for election year purposes, housing starts down 6% means little to the alice-in-wonderland lunatic frauds of wall street and the so-called pundits including yahoo below. Almost all computerized volume is and must be considered heavy, manipulated, economically wasteful volume [stocks move contrary to rational analytical facts (ie., exceeded lowered expectations, things so bad interest rates can�t rise, exceeded expectations, no earnings but outlook extraordinary, the fed says booo as they print more worthless dollars to finance deficits, etc. ) is money in the bank for the frauds on wall street when they unwind said irrational positions ]. Philadelphia Federal Reserve announces that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, leading economic indicators fall .2%, and previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows with b**l s**t from Yahoo (which didn�t even reference the record unanticipated trade gap):

There is nothing to rationally justify the previous up move or mixed results in the market other than what is tantamount to a negative, and based upon spurious data from the government; ie., fake government numbers said total PPI rose a smaller than expected 0.1% (consensus 0.4%) in July, which was well below the 0.5% jump in June, while the more closely watched core rate (ex-food and energy) unexpectedly (RIIIIIGHT!) fell 0.3% (consensus +0.2%) -- the first decline since October and the largest drop since a 0.5% decline in April 2003. Home Sales Decline in 28 States, D.C.. Real estate prices down/stagnant. But housing stocks�..up.....riiiiight!.....in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down.� Martin Crutsinger, AP Economics Writer, previously wrote,� U.S. Trade Deficit Falls 0.3 Percent in June to $64.8B, Offsetting Jump in Chinese Imports. Dell Recall Stems From sony Production Flaw� WASHINGTON (AP) -- America's trade deficit showed a slight improvement as strong global growth pushed U.S. exports to a record level. That helped offset a surge in Chinese imports and record crude oil prices. The deficit declined 0.3 percent in June, compared with May, dropping to $64.8 billion, still the fifth largest imbalance on record, the Commerce Department reported Thursday. The deficit is running at an annual rate of $768 billion through the first six months of this year, putting the country on track to see a fifth straight record imbalance. Last year's deficit was $716.7 billion. Prior considerations remain apposite in this clearly overvalued market. The frauds on wall street feel compelled to continue their tradition/superstition/fraud tactic of buying on the rumor and selling on the news (fact) of the Fed�s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money.� Yahoo previously commented: Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance....., to which I responded, Wild..... I�ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported and will now join gm in worker buyouts; but both GM and Ford will now offer built-in ipods which should substantially help their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Analyst says GM good news now behind it (past/discounted), yet stock still rose upon said analysis �..riiiiight�.. daaaaah! Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal, maybe even suspension, that has cast a harsh light on Silicon Valley's compensation practices. Don�t forget that GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland lunatic world of wall street is of course good news. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid (approx.) 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it�s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very commissionable (investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $51; yes, as in the last crash, they will get fooled again� as stocks up sharply in the fraudulent alice-in-wonderland lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the pundits/analysts are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley (who also says that in Europe bush�s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the �better than expectations� game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. Spotlight on the Stock Option Scandal-The share prices of companies involved in stock options backdating have held up well compared to the broader market. But shareholders might be in for a rougher ride. Plus, why the Nasdaq has its hands full. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived pearl harbor effect)/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/ and the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what�s up is down and what�s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they�ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin� to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don�t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)

"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006

WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):

The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

(1-12-07) Waning full moon and lunatics suckers bear market rally into the close as the wall street fraud continues to suck the suckers in; ie., as the Dow Jones industrial average up 41, S&P up 6, and NASDAQ up 17, all very commissionable on heavy volume, as in final pre-election result push for bush, which fell very short but has provided the same pump-priming of the market as most recently seen in 1999 which ended quite badly even without the exacerbating effects of huge unsustainable and debilitating debt/deficits deferring/delaying/prolonging the inevitable reality even as entire domestic u.s. industries are rendered what is tantamount to defunct and with corporate welfare unwisely spent (war crimes, etc.). Higher oil prices and fake numbers spur rally. More fake job numbers (at best, hamburger helpers, etc.). Jawboning by kohn of print-those-worthless-dollars fed raises market.....riiiiight! The ism services index fell, but that was down from an unexpectedly and fake strong read a month earlier, manufacturing index up slightly to 51.4 (they must be counting hamburgers as manufactured goods in u.s......riiiiight!) but fed knows they�ve been printing worthless dollars like mad which of course is hyperinflationary and will come home to roost, along with huge debt/deficits, trade and budget, Stores Report Disappointing Dec. Sales, Gap Woes Deepen in Bleak Holiday Season. Ford and GM auto sales down 13%. More reports in defiance of reality, oil prices up, Dollar Slides...,every intelligent analyst/economist knows that the new home sales number from the government is a total lie that will be revised downward later, that the options scandals are pervasive in fraudulent america (100 investigations just tip of the iceberg), oil stocks continue to rally on lower oil prices, as previously on pipeline explosion in Nigeria, spill in Gulf, and sanctions for Iran, and sharp FALL in oil prices.....riiiiight!.....predictions of disappointing retail sales even with fire-sale discounted prices,..... Highest increase (2%) in 30 years for the wholesale price index, and as well, the core ppi (1.3%), GDP growth less than expected at 2%, dollar sharply lower, oil prices up, building permits down, all unexpectedly bad but great news in the fraudulent alice-in-wonderland lunatic world of wall street. New Record Quarterly Trade Deficit initially spurred lunatic market rally along with obfuscating but very commissionable merger activity. Core inflation a very unexpected unchanged .....riiiiight!.....spurs superstitious, devoid of reality, santa rally.� Investment Banks Post Record 2006 Profit .....daaaaah! Churning and earning on worthless paper, where is that commission dollar coming from even as america has ceded solvency/leadership in every economic measure. Even at the lofty record numbers the indices are worth roughly half their value based on precipitous fall of the dollar in only 5 years with further downside to go. Superstitious �Santa Claus rally�.....riiiiight! High oil price rally.....riiiiight!� Total� bulls**t ! Retail sales up a very unexpected 1%, riiiiight, at the same time inventories of such goods rising substantially (do you think they�re booking sales to �straw men/companies�.....I do!) and oil inventories down. Fake employment numbers (from the government.....riiiiight!) the impetus for previous b.s. rally despite falling sentiment and uptick in unemployment. The ism services index (financed by unsustainable deficit/debt spending and pushing/commissioning worthless paper) and jawboning/bulls**t from the housing industry (the end is near.....riiiiight!), obfuscating mergers continued to cloud the picture, closely-watched core-PCE deflator had risen a more than expected 0.2%, second sub-50 reading on manufacturing activity in as many sessions-the November ISM index unexpectedly fell to 49.5 (consensus 52.0), Chicago PMI fell to its lowest level (49.9%) in October, and below the 50 level, indicating contraction, crude prices up� (OIL PRICES RISE ABOVE $63 A BARREL...), DOLLAR RESUMES SLIDE, Fed Chairman Bernanke & Co. cheerleading/jawboning/bulls**t, 3.2% decline in new home sales, oil inventories down and oil prices up, oil producers shun the dollar, Russia and Opec shift revenues into euros, yen and sterling..., all very bad news anywhere but in the fraudulent alice-in-wonderland world of wall street. Durable goods orders fell sharply, sentiment down, but supposedly used home sales rose slightly (riiiiight.....who says; the realtors/government who have been talking up this bubble market?) albeit at sharply lower prices. DOLLAR PLUNGES TO NEAR 15-YEAR LOW� In other words, no good news to justify the ridiculous up move by the alice-in-wonderland frauds of wall street. Worthless dollar, triple deficits, stock/options scandals/corruption, as some speculate that fed is behind purchases/manipulation (through proxy) of worthless american paper now being shunned by more rational market players abroad.� MARKETS ROCKED BY LONG OVERDUE BUT STILL MODEST RELATIVE TO REALITY SHARP SLIDE IN DOLLAR...There has never been a time since 1929 when stock prices and p/e ratios were so irrationally high for this point in a bull cycle in this indisputable secular bear market, particularly with the existing unprecedented structural economic problems, ie., trade and budget deficits, worthless dollar, scandals, fraud, corruption , etc.. In fact, unemployment unexpectedly rose substantially and consumer sentiment unexpectedly but similarly realistically fell, both very negative exept in the� fraudulent alice-in-wonderland world of wall street. Indeed, the housing bubble bursting with ie., unexpected 14% decline in starts/permits, etc., led to rally in the fraudulent alice-in-wonderland world of wall street. Obfuscating mergers help preclude detection of this massive and pervasive fraud which defies analysis owing to these mergers. New talking pointing: dell numbers exceed expectations depending upon ongoing government scrutiny of their accounting practices.....riiiiight! More contrived manipulated markets and data well as that previous unexpected rise in that global hub of manufacturing activity, New York (worthless paper is their real product, etc.) �..riiiiight!�.. underpins fraudulent up move. Reassuring Fed speak, also known as b**l s**t, along with IPO�s (get the suckers in at the highs as in late 90�s market bubble), and shrugging off pervasive stock/options fraud as at, ie., KB Homes, etc., leave stocks ridiculously higher. Nations leaving the worthless dollar in droves for currencies backed by value and for precious metals. Based on the self-interested statement of typical fraud american and fed rep, we hear once again the wishful thought that housing has bottomed.....right! [Reality/Truth: US housing slump deepens, spreads]. Home depot rallies despite lower than expected results and lower guidance for the year.....right! Who is stupid enough to believe anything the fraudulent criminal americans say. They are printing worthless dollars like mad. Consumer sentiment actually previously fell and there was nothing but wall street lunacy to prop the fraudulent market. The republicans who lockstepped with war criminal dumbya bush deserved to lose. The frauds on wall street now looking for the new corporate welfare program for which to sell the sizzle ie., stem cells, etc.. The know-nothing pundits are now saying the up move without any rational basis is predicated upon the the falsity that gridlock in washington is welcomed and good because no regulation of, ie., fraud on wall street, etc., can be passed. How about a tax on stock trades to come directly from the traders' (traitors/frauds) bottom lines and provide a disincentive for the churn-and-earn fraud which is tantamount to a wasteful tax on the economy. Even token Christian paulison from jew fraud wall street couldn't stem the tide against the blatent zionist/neocon/bush co failure accross the board as the wall street frauds show record profits financed, albeit indirectly, by huge deficits, both trade and budget. Obfuscating mergers blur the picture to provide cover for up move talking points in defiance of reality.� Stagflation and full employment revisions pre-election.....riiiiight. Productivity comes in at a less than expected 0 (inflationary). The only surprise should have been that the number wasn't negative. The pundits are now saying that the market/wall street fraud is in a state of denial regarding economic fundamentals and that the market is substantially overbought, overvalued, overfrauded, over, etc., the manufacturing index coming in lower than expectations. Consumer sentiment unexpectedly fell.....daaaaah. Pre-election core inflation rate report good �..riiiiight�..but savings rate still negative and walmart sales/profits/outlook substantially below expectations but what the heck, they�re wallstreet lunatics/frauds and reality is no problem. Despite pre-election deficit spending, GNP comes in a less than expected paltry 1.6% increase with worthless falling dollar the catch-22 precluding reality avoidance and the worst yet to come. More nations leaving the worthless dollar as reserve currency even as frauds on wall street reach new highs (What are they smoking? Coking? or like the dollar just cracking) based on corporate welfare flows with money the nation doesn't have pre-election (record deficits). Housing prices continue their sharp decline as bubble deflates. GM only lost 115 million. Ford lost 5.8 billion and must restate earnings back to year 2000 is a bullish sign in the fraudulent alice-in-wonderland lunatic world of wall street. Typical pre-fed meeting rally to provide a cushion for any negative pronouncements which reality would require but are seldom forthcoming by the accommodative frauds who have similarly embraced unreality. Indeed, the gutless wimps of wall street think they're "tough" when they fraudulently take the market higher despite a clearly contrary fact based reality. Caterpillar relates the pervasive reality and the frauds on wallstreet intimidate same with sell off, ignoring pervasive options scandal/fraud and rallies Merck despite lower than expectation results.....riiiiight! Election year corporate welfare to prime the pump and the mock stock market with money the nation doesn�t have (increasing already huge deficits). CPI figures (upon which government inflation adjusted payment obligations are based) lower than expected�..riiiiight! Intel earnings/revenues down sharply but according to the lunatic frauds on wall street, beat expectations and stock rallies along with yahoo which as in the pre-dot com bust days says better days are a coming�.. riiiiight Core inflation rate which is closely watched by the Fed exceeds all expectations. Fraud Merrill Lynch has really been pushing and commissioning that worthless paper and reports record earnings, despite having produced nothing and for very little if any value added (that ill-gotten money has to come from somewhere-your pockets?). The big economic report awaiting scrutiny was the monthly trade deficit which was expected to narrow but in fact INCREASED to 69.9 billion. The alice-in-wonderland lunatic wall street frauds rallied on the news as the dollar precipitously fell. The Fed Chairman said there is a "substantial correction" in housing, which will probably shave about 1% off growth in the second half of the year. The Institute of Supply Management said its services index fell to 52.9 in September -- the lowest level since April 2003. Great News�.. riiiiight!..... Consumer Confidence Higher Than Expected... riiiiight!..... and housing starts were down sharply but not-as-bad-as-expectations game in play US Existing Home Sales Fall 0.5% in August; Sales Price Drops Existing-home prices fall for 1st time in 11 years along with fed jaw-boning pre-election that inflation has been licked .....riiiiight �..despite printing worthless dollars like they�re going out of style because they really are! Fed did nothing and stocks rallied, pre-election.....riiiiight! What about the reality of u.s. debt service at a record unsustainable $2 billion per day on a revolving $2 trillion charge account with ie., China, etc.. The fact that foreclosures are up and that there is projected new trade deficit record, fake government inflation numbers for election year purposes, housing starts down 6% means little to the alice-in-wonderland lunatic frauds of wall street and the so-called pundits including yahoo below. Almost all computerized volume is and must be considered heavy, manipulated, economically wasteful volume [stocks move contrary to rational analytical facts (ie., exceeded lowered expectations, things so bad interest rates can�t rise, exceeded expectations, no earnings but outlook extraordinary, the fed says booo as they print more worthless dollars to finance deficits, etc. ) is money in the bank for the frauds on wall street when they unwind said irrational positions ]. Philadelphia Federal Reserve announces that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, leading economic indicators fall .2%, and previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows with b**l s**t from Yahoo (which didn�t even reference the record unanticipated trade gap):

There is nothing to rationally justify the previous up move or mixed results in the market other than what is tantamount to a negative, and based upon spurious data from the government; ie., fake government numbers said total PPI rose a smaller than expected 0.1% (consensus 0.4%) in July, which was well below the 0.5% jump in June, while the more closely watched core rate (ex-food and energy) unexpectedly (RIIIIIGHT!) fell 0.3% (consensus +0.2%) -- the first decline since October and the largest drop since a 0.5% decline in April 2003. Home Sales Decline in 28 States, D.C.. Real estate prices down/stagnant. But housing stocks�..up.....riiiiight!.....in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down.� Martin Crutsinger, AP Economics Writer, previously wrote,� U.S. Trade Deficit Falls 0.3 Percent in June to $64.8B, Offsetting Jump in Chinese Imports. Dell Recall Stems From sony Production Flaw� WASHINGTON (AP) -- America's trade deficit showed a slight improvement as strong global growth pushed U.S. exports to a record level. That helped offset a surge in Chinese imports and record crude oil prices. The deficit declined 0.3 percent in June, compared with May, dropping to $64.8 billion, still the fifth largest imbalance on record, the Commerce Department reported Thursday. The deficit is running at an annual rate of $768 billion through the first six months of this year, putting the country on track to see a fifth straight record imbalance. Last year's deficit was $716.7 billion. Prior considerations remain apposite in this clearly overvalued market. The frauds on wall street feel compelled to continue their tradition/superstition/fraud tactic of buying on the rumor and selling on the news (fact) of the Fed�s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money.� Yahoo previously commented: Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance....., to which I responded, Wild..... I�ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported and will now join gm in worker buyouts; but both GM and Ford will now offer built-in ipods which should substantially help their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Analyst says GM good news now behind it (past/discounted), yet stock still rose upon said analysis �..riiiiight�.. daaaaah! Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal, maybe even suspension, that has cast a harsh light on Silicon Valley's compensation practices. Don�t forget that GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland lunatic world of wall street is of course good news. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid (approx.) 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it�s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very commissionable (investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $52; yes, as in the last crash, they will get fooled again� as stocks up sharply in the fraudulent alice-in-wonderland lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the pundits/analysts are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley (who also says that in Europe bush�s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the �better than expectations� game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. Spotlight on the Stock Option Scandal-The share prices of companies involved in stock options backdating have held up well compared to the broader market. But shareholders might be in for a rougher ride. Plus, why the Nasdaq has its hands full. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived pearl harbor effect)/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/ and the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what�s up is down and what�s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they�ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin� to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don�t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)

"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006

WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):

The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

(1-11-07) Waning full moon and lunatics suckers bear market rally into the close as the wall street fraud continues to suck the suckers in; ie., as the Dow Jones industrial average up 72, S&P up 8, and NASDAQ up 25, all very commissionable on heavy volume, as in final pre-election result push for bush, which fell very short but has provided the same pump-priming of the market as most recently seen in 1999 which ended quite badly even without the exacerbating effects of huge unsustainable and debilitating debt/deficits deferring/delaying/prolonging the inevitable reality even as entire domestic u.s. industries are rendered what is tantamount to defunct and with corporate welfare unwisely spent (war crimes, etc.). More fake job numbers (at best, hamburger helpers, etc.). Jawboning by kohn of print-those-worthless-dollars fed raises market.....riiiiight! The ism services index fell, but that was down from an unexpectedly and fake strong read a month earlier, manufacturing index up slightly to 51.4 (they must be counting hamburgers as manufactured goods in u.s......riiiiight!) but fed knows they�ve been printing worthless dollars like mad which of course is hyperinflationary and will come home to roost, along with huge debt/deficits, trade and budget, Stores Report Disappointing Dec. Sales, Gap Woes Deepen in Bleak Holiday Season. Ford and GM auto sales down 13%. More reports in defiance of reality, oil prices up, Dollar Slides...,every intelligent analyst/economist knows that the new home sales number from the government is a total lie that will be revised downward later, that the options scandals are pervasive in fraudulent america (100 investigations just tip of the iceberg), oil stocks continue to rally on lower oil prices, as previously on pipeline explosion in Nigeria, spill in Gulf, and sanctions for Iran, and sharp FALL in oil prices.....riiiiight!.....predictions of disappointing retail sales even with fire-sale discounted prices,..... Highest increase (2%) in 30 years for the wholesale price index, and as well, the core ppi (1.3%), GDP growth less than expected at 2%, dollar sharply lower, oil prices up, building permits down, all unexpectedly bad but great news in the fraudulent alice-in-wonderland lunatic world of wall street. New Record Quarterly Trade Deficit initially spurred lunatic market rally along with obfuscating but very commissionable merger activity. Core inflation a very unexpected unchanged .....riiiiight!.....spurs superstitious, devoid of reality, santa rally.� Investment Banks Post Record 2006 Profit .....daaaaah! Churning and earning on worthless paper, where is that commission dollar coming from even as america has ceded solvency/leadership in every economic measure. Even at the lofty record numbers the indices are worth roughly half their value based on precipitous fall of the dollar in only 5 years with further downside to go. Superstitious �Santa Claus rally�.....riiiiight! High oil price rally.....riiiiight!� Total� bulls**t ! Retail sales up a very unexpected 1%, riiiiight, at the same time inventories of such goods rising substantially (do you think they�re booking sales to �straw men/companies�.....I do!) and oil inventories down. Fake employment numbers (from the government.....riiiiight!) the impetus for previous b.s. rally despite falling sentiment and uptick in unemployment. The ism services index (financed by unsustainable deficit/debt spending and pushing/commissioning worthless paper) and jawboning/bulls**t from the housing industry (the end is near.....riiiiight!), obfuscating mergers continued to cloud the picture, closely-watched core-PCE deflator had risen a more than expected 0.2%, second sub-50 reading on manufacturing activity in as many sessions-the November ISM index unexpectedly fell to 49.5 (consensus 52.0), Chicago PMI fell to its lowest level (49.9%) in October, and below the 50 level, indicating contraction, crude prices up� (OIL PRICES RISE ABOVE $63 A BARREL...), DOLLAR RESUMES SLIDE, Fed Chairman Bernanke & Co. cheerleading/jawboning/bulls**t, 3.2% decline in new home sales, oil inventories down and oil prices up, oil producers shun the dollar, Russia and Opec shift revenues into euros, yen and sterling..., all very bad news anywhere but in the fraudulent alice-in-wonderland world of wall street. Durable goods orders fell sharply, sentiment down, but supposedly used home sales rose slightly (riiiiight.....who says; the realtors/government who have been talking up this bubble market?) albeit at sharply lower prices. DOLLAR PLUNGES TO NEAR 15-YEAR LOW� In other words, no good news to justify the ridiculous up move by the alice-in-wonderland frauds of wall street. Worthless dollar, triple deficits, stock/options scandals/corruption, as some speculate that fed is behind purchases/manipulation (through proxy) of worthless american paper now being shunned by more rational market players abroad.� MARKETS ROCKED BY LONG OVERDUE BUT STILL MODEST RELATIVE TO REALITY SHARP SLIDE IN DOLLAR...There has never been a time since 1929 when stock prices and p/e ratios were so irrationally high for this point in a bull cycle in this indisputable secular bear market, particularly with the existing unprecedented structural economic problems, ie., trade and budget deficits, worthless dollar, scandals, fraud, corruption , etc.. In fact, unemployment unexpectedly rose substantially and consumer sentiment unexpectedly but similarly realistically fell, both very negative exept in the� fraudulent alice-in-wonderland world of wall street. Indeed, the housing bubble bursting with ie., unexpected 14% decline in starts/permits, etc., led to rally in the fraudulent alice-in-wonderland world of wall street. Obfuscating mergers help preclude detection of this massive and pervasive fraud which defies analysis owing to these mergers. New talking pointing: dell numbers exceed expectations depending upon ongoing government scrutiny of their accounting practices.....riiiiight! More contrived manipulated markets and data well as that previous unexpected rise in that global hub of manufacturing activity, New York (worthless paper is their real product, etc.) �..riiiiight!�.. underpins fraudulent up move. Reassuring Fed speak, also known as b**l s**t, along with IPO�s (get the suckers in at the highs as in late 90�s market bubble), and shrugging off pervasive stock/options fraud as at, ie., KB Homes, etc., leave stocks ridiculously higher. Nations leaving the worthless dollar in droves for currencies backed by value and for precious metals. Based on the self-interested statement of typical fraud american and fed rep, we hear once again the wishful thought that housing has bottomed.....right! [Reality/Truth: US housing slump deepens, spreads]. Home depot rallies despite lower than expected results and lower guidance for the year.....right! Who is stupid enough to believe anything the fraudulent criminal americans say. They are printing worthless dollars like mad. Consumer sentiment actually previously fell and there was nothing but wall street lunacy to prop the fraudulent market. The republicans who lockstepped with war criminal dumbya bush deserved to lose. The frauds on wall street now looking for the new corporate welfare program for which to sell the sizzle ie., stem cells, etc.. The know-nothing pundits are now saying the up move without any rational basis is predicated upon the the falsity that gridlock in washington is welcomed and good because no regulation of, ie., fraud on wall street, etc., can be passed. How about a tax on stock trades to come directly from the traders' (traitors/frauds) bottom lines and provide a disincentive for the churn-and-earn fraud which is tantamount to a wasteful tax on the economy. Even token Christian paulison from jew fraud wall street couldn't stem the tide against the blatent zionist/neocon/bush co failure accross the board as the wall street frauds show record profits financed, albeit indirectly, by huge deficits, both trade and budget. Obfuscating mergers blur the picture to provide cover for up move talking points in defiance of reality.� Stagflation and full employment revisions pre-election.....riiiiight. Productivity comes in at a less than expected 0 (inflationary). The only surprise should have been that the number wasn't negative. The pundits are now saying that the market/wall street fraud is in a state of denial regarding economic fundamentals and that the market is substantially overbought, overvalued, overfrauded, over, etc., the manufacturing index coming in lower than expectations. Consumer sentiment unexpectedly fell.....daaaaah. Pre-election core inflation rate report good �..riiiiight�..but savings rate still negative and walmart sales/profits/outlook substantially below expectations but what the heck, they�re wallstreet lunatics/frauds and reality is no problem. Despite pre-election deficit spending, GNP comes in a less than expected paltry 1.6% increase with worthless falling dollar the catch-22 precluding reality avoidance and the worst yet to come. More nations leaving the worthless dollar as reserve currency even as frauds on wall street reach new highs (What are they smoking? Coking? or like the dollar just cracking) based on corporate welfare flows with money the nation doesn't have pre-election (record deficits). Housing prices continue their sharp decline as bubble deflates. GM only lost 115 million. Ford lost 5.8 billion and must restate earnings back to year 2000 is a bullish sign in the fraudulent alice-in-wonderland lunatic world of wall street. Typical pre-fed meeting rally to provide a cushion for any negative pronouncements which reality would require but are seldom forthcoming by the accommodative frauds who have similarly embraced unreality. Indeed, the gutless wimps of wall street think they're "tough" when they fraudulently take the market higher despite a clearly contrary fact based reality. Caterpillar relates the pervasive reality and the frauds on wallstreet intimidate same with sell off, ignoring pervasive options scandal/fraud and rallies Merck despite lower than expectation results.....riiiiight! Election year corporate welfare to prime the pump and the mock stock market with money the nation doesn�t have (increasing already huge deficits). CPI figures (upon which government inflation adjusted payment obligations are based) lower than expected�..riiiiight! Intel earnings/revenues down sharply but according to the lunatic frauds on wall street, beat expectations and stock rallies along with yahoo which as in the pre-dot com bust days says better days are a coming�.. riiiiight Core inflation rate which is closely watched by the Fed exceeds all expectations. Fraud Merrill Lynch has really been pushing and commissioning that worthless paper and reports record earnings, despite having produced nothing and for very little if any value added (that ill-gotten money has to come from somewhere-your pockets?). The big economic report awaiting scrutiny was the monthly trade deficit which was expected to narrow but in fact INCREASED to 69.9 billion. The alice-in-wonderland lunatic wall street frauds rallied on the news as the dollar precipitously fell. The Fed Chairman said there is a "substantial correction" in housing, which will probably shave about 1% off growth in the second half of the year. The Institute of Supply Management said its services index fell to 52.9 in September -- the lowest level since April 2003. Great News�.. riiiiight!..... Consumer Confidence Higher Than Expected... riiiiight!..... and housing starts were down sharply but not-as-bad-as-expectations game in play US Existing Home Sales Fall 0.5% in August; Sales Price Drops Existing-home prices fall for 1st time in 11 years along with fed jaw-boning pre-election that inflation has been licked .....riiiiight �..despite printing worthless dollars like they�re going out of style because they really are! Fed did nothing and stocks rallied, pre-election.....riiiiight! What about the reality of u.s. debt service at a record unsustainable $2 billion per day on a revolving $2 trillion charge account with ie., China, etc.. The fact that foreclosures are up and that there is projected new trade deficit record, fake government inflation numbers for election year purposes, housing starts down 6% means little to the alice-in-wonderland lunatic frauds of wall street and the so-called pundits including yahoo below. Almost all computerized volume is and must be considered heavy, manipulated, economically wasteful volume [stocks move contrary to rational analytical facts (ie., exceeded lowered expectations, things so bad interest rates can�t rise, exceeded expectations, no earnings but outlook extraordinary, the fed says booo as they print more worthless dollars to finance deficits, etc. ) is money in the bank for the frauds on wall street when they unwind said irrational positions ]. Philadelphia Federal Reserve announces that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, leading economic indicators fall .2%, and previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows with b**l s**t from Yahoo (which didn�t even reference the record unanticipated trade gap):

There is nothing to rationally justify the previous up move or mixed results in the market other than what is tantamount to a negative, and based upon spurious data from the government; ie., fake government numbers said total PPI rose a smaller than expected 0.1% (consensus 0.4%) in July, which was well below the 0.5% jump in June, while the more closely watched core rate (ex-food and energy) unexpectedly (RIIIIIGHT!) fell 0.3% (consensus +0.2%) -- the first decline since October and the largest drop since a 0.5% decline in April 2003. Home Sales Decline in 28 States, D.C.. Real estate prices down/stagnant. But housing stocks�..up.....riiiiight!.....in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down.� Martin Crutsinger, AP Economics Writer, previously wrote,� U.S. Trade Deficit Falls 0.3 Percent in June to $64.8B, Offsetting Jump in Chinese Imports. Dell Recall Stems From sony Production Flaw� WASHINGTON (AP) -- America's trade deficit showed a slight improvement as strong global growth pushed U.S. exports to a record level. That helped offset a surge in Chinese imports and record crude oil prices. The deficit declined 0.3 percent in June, compared with May, dropping to $64.8 billion, still the fifth largest imbalance on record, the Commerce Department reported Thursday. The deficit is running at an annual rate of $768 billion through the first six months of this year, putting the country on track to see a fifth straight record imbalance. Last year's deficit was $716.7 billion. Prior considerations remain apposite in this clearly overvalued market. The frauds on wall street feel compelled to continue their tradition/superstition/fraud tactic of buying on the rumor and selling on the news (fact) of the Fed�s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money.� Yahoo previously commented: Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance....., to which I responded, Wild..... I�ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported and will now join gm in worker buyouts; but both GM and Ford will now offer built-in ipods which should substantially help their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Analyst says GM good news now behind it (past/discounted), yet stock still rose upon said analysis �..riiiiight�.. daaaaah! Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal, maybe even suspension, that has cast a harsh light on Silicon Valley's compensation practices. Don�t forget that GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland lunatic world of wall street is of course good news. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid (approx.) 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it�s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very commissionable (investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $51; yes, as in the last crash, they will get fooled again� as stocks up sharply in the fraudulent alice-in-wonderland lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the pundits/analysts are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley (who also says that in Europe bush�s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the �better than expectations� game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. Spotlight on the Stock Option Scandal-The share prices of companies involved in stock options backdating have held up well compared to the broader market. But shareholders might be in for a rougher ride. Plus, why the Nasdaq has its hands full. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived pearl harbor effect)/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/ and the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what�s up is down and what�s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they�ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin� to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don�t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)

"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006

WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):

The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

(1-10-07) Waning full moon and lunatics suckers bear market rally into the close as the wall street fraud continues to suck the suckers in; ie., as the Dow Jones industrial average up 25.56, S&P up 2.74, and NASDAQ up 15.51, all very commissionable on heavy volume, as in final pre-election result push for bush, which fell very short but has provided the same pump-priming of the market as most recently seen in 1999 which ended quite badly even without the exacerbating effects of huge unsustainable and debilitating debt/deficits deferring/delaying/prolonging the inevitable reality even as entire domestic u.s. industries are rendered what is tantamount to defunct and with corporate welfare unwisely spent (war crimes, etc.). Jawboning by kohn of print-those-worthless-dollars fed raises market.....riiiiight! The ism services index fell, but that was down from an unexpectedly and fake strong read a month earlier, manufacturing index up slightly to 51.4 (they must be counting hamburgers as manufactured goods in u.s......riiiiight!) but fed knows they�ve been printing worthless dollars like mad which of course is hyperinflationary and will come home to roost, along with huge debt/deficits, trade and budget, Stores Report Disappointing Dec. Sales, Gap Woes Deepen in Bleak Holiday Season. Ford and GM auto sales down 13%. More reports in defiance of reality, oil prices up, Dollar Slides...,every intelligent analyst/economist knows that the new home sales number from the government is a total lie that will be revised downward later, that the options scandals are pervasive in fraudulent america (100 investigations just tip of the iceberg), oil stocks continue to rally on lower oil prices, as previously on pipeline explosion in Nigeria, spill in Gulf, and sanctions for Iran, and sharp FALL in oil prices.....riiiiight!.....predictions of disappointing retail sales even with fire-sale discounted prices,..... Highest increase (2%) in 30 years for the wholesale price index, and as well, the core ppi (1.3%), GDP growth less than expected at 2%, dollar sharply lower, oil prices up, building permits down, all unexpectedly bad but great news in the fraudulent alice-in-wonderland lunatic world of wall street. New Record Quarterly Trade Deficit initially spurred lunatic market rally along with obfuscating but very commissionable merger activity. Core inflation a very unexpected unchanged .....riiiiight!.....spurs superstitious, devoid of reality, santa rally.� Investment Banks Post Record 2006 Profit .....daaaaah! Churning and earning on worthless paper, where is that commission dollar coming from even as america has ceded solvency/leadership in every economic measure. Even at the lofty record numbers the indices are worth roughly half their value based on precipitous fall of the dollar in only 5 years with further downside to go. Superstitious �Santa Claus rally�.....riiiiight! High oil price rally.....riiiiight!� Total� bulls**t ! Retail sales up a very unexpected 1%, riiiiight, at the same time inventories of such goods rising substantially (do you think they�re booking sales to �straw men/companies�.....I do!) and oil inventories down. Fake employment numbers (from the government.....riiiiight!) the impetus for previous b.s. rally despite falling sentiment and uptick in unemployment. The ism services index (financed by unsustainable deficit/debt spending and pushing/commissioning worthless paper) and jawboning/bulls**t from the housing industry (the end is near.....riiiiight!), obfuscating mergers continued to cloud the picture, closely-watched core-PCE deflator had risen a more than expected 0.2%, second sub-50 reading on manufacturing activity in as many sessions-the November ISM index unexpectedly fell to 49.5 (consensus 52.0), Chicago PMI fell to its lowest level (49.9%) in October, and below the 50 level, indicating contraction, crude prices up� (OIL PRICES RISE ABOVE $63 A BARREL...), DOLLAR RESUMES SLIDE, Fed Chairman Bernanke & Co. cheerleading/jawboning/bulls**t, 3.2% decline in new home sales, oil inventories down and oil prices up, oil producers shun the dollar, Russia and Opec shift revenues into euros, yen and sterling..., all very bad news anywhere but in the fraudulent alice-in-wonderland world of wall street. Durable goods orders fell sharply, sentiment down, but supposedly used home sales rose slightly (riiiiight.....who says; the realtors/government who have been talking up this bubble market?) albeit at sharply lower prices. DOLLAR PLUNGES TO NEAR 15-YEAR LOW� In other words, no good news to justify the ridiculous up move by the alice-in-wonderland frauds of wall street. Worthless dollar, triple deficits, stock/options scandals/corruption, as some speculate that fed is behind purchases/manipulation (through proxy) of worthless american paper now being shunned by more rational market players abroad.� MARKETS ROCKED BY LONG OVERDUE BUT STILL MODEST RELATIVE TO REALITY SHARP SLIDE IN DOLLAR...There has never been a time since 1929 when stock prices and p/e ratios were so irrationally high for this point in a bull cycle in this indisputable secular bear market, particularly with the existing unprecedented structural economic problems, ie., trade and budget deficits, worthless dollar, scandals, fraud, corruption , etc.. In fact, unemployment unexpectedly rose substantially and consumer sentiment unexpectedly but similarly realistically fell, both very negative exept in the� fraudulent alice-in-wonderland world of wall street. Indeed, the housing bubble bursting with ie., unexpected 14% decline in starts/permits, etc., led to rally in the fraudulent alice-in-wonderland world of wall street. Obfuscating mergers help preclude detection of this massive and pervasive fraud which defies analysis owing to these mergers. New talking pointing: dell numbers exceed expectations depending upon ongoing government scrutiny of their accounting practices.....riiiiight! More contrived manipulated markets and data well as that previous unexpected rise in that global hub of manufacturing activity, New York (worthless paper is their real product, etc.) �..riiiiight!�.. underpins fraudulent up move. Reassuring Fed speak, also known as b**l s**t, along with IPO�s (get the suckers in at the highs as in late 90�s market bubble), and shrugging off pervasive stock/options fraud as at, ie., KB Homes, etc., leave stocks ridiculously higher. Nations leaving the worthless dollar in droves for currencies backed by value and for precious metals. Based on the self-interested statement of typical fraud american and fed rep, we hear once again the wishful thought that housing has bottomed.....right! [Reality/Truth: US housing slump deepens, spreads]. Home depot rallies despite lower than expected results and lower guidance for the year.....right! Who is stupid enough to believe anything the fraudulent criminal americans say. They are printing worthless dollars like mad. Consumer sentiment actually previously fell and there was nothing but wall street lunacy to prop the fraudulent market. The republicans who lockstepped with war criminal dumbya bush deserved to lose. The frauds on wall street now looking for the new corporate welfare program for which to sell the sizzle ie., stem cells, etc.. The know-nothing pundits are now saying the up move without any rational basis is predicated upon the the falsity that gridlock in washington is welcomed and good because no regulation of, ie., fraud on wall street, etc., can be passed. How about a tax on stock trades to come directly from the traders' (traitors/frauds) bottom lines and provide a disincentive for the churn-and-earn fraud which is tantamount to a wasteful tax on the economy. Even token Christian paulison from jew fraud wall street couldn't stem the tide against the blatent zionist/neocon/bush co failure accross the board as the wall street frauds show record profits financed, albeit indirectly, by huge deficits, both trade and budget. Obfuscating mergers blur the picture to provide cover for up move talking points in defiance of reality.� Stagflation and full employment revisions pre-election.....riiiiight. Productivity comes in at a less than expected 0 (inflationary). The only surprise should have been that the number wasn't negative. The pundits are now saying that the market/wall street fraud is in a state of denial regarding economic fundamentals and that the market is substantially overbought, overvalued, overfrauded, over, etc., the manufacturing index coming in lower than expectations. Consumer sentiment unexpectedly fell.....daaaaah. Pre-election core inflation rate report good �..riiiiight�..but savings rate still negative and walmart sales/profits/outlook substantially below expectations but what the heck, they�re wallstreet lunatics/frauds and reality is no problem. Despite pre-election deficit spending, GNP comes in a less than expected paltry 1.6% increase with worthless falling dollar the catch-22 precluding reality avoidance and the worst yet to come. More nations leaving the worthless dollar as reserve currency even as frauds on wall street reach new highs (What are they smoking? Coking? or like the dollar just cracking) based on corporate welfare flows with money the nation doesn't have pre-election (record deficits). Housing prices continue their sharp decline as bubble deflates. GM only lost 115 million. Ford lost 5.8 billion and must restate earnings back to year 2000 is a bullish sign in the fraudulent alice-in-wonderland lunatic world of wall street. Typical pre-fed meeting rally to provide a cushion for any negative pronouncements which reality would require but are seldom forthcoming by the accommodative frauds who have similarly embraced unreality. Indeed, the gutless wimps of wall street think they're "tough" when they fraudulently take the market higher despite a clearly contrary fact based reality. Caterpillar relates the pervasive reality and the frauds on wallstreet intimidate same with sell off, ignoring pervasive options scandal/fraud and rallies Merck despite lower than expectation results.....riiiiight! Election year corporate welfare to prime the pump and the mock stock market with money the nation doesn�t have (increasing already huge deficits). CPI figures (upon which government inflation adjusted payment obligations are based) lower than expected�..riiiiight! Intel earnings/revenues down sharply but according to the lunatic frauds on wall street, beat expectations and stock rallies along with yahoo which as in the pre-dot com bust days says better days are a coming�.. riiiiight Core inflation rate which is closely watched by the Fed exceeds all expectations. Fraud Merrill Lynch has really been pushing and commissioning that worthless paper and reports record earnings, despite having produced nothing and for very little if any value added (that ill-gotten money has to come from somewhere-your pockets?). The big economic report awaiting scrutiny was the monthly trade deficit which was expected to narrow but in fact INCREASED to 69.9 billion. The alice-in-wonderland lunatic wall street frauds rallied on the news as the dollar precipitously fell. The Fed Chairman said there is a "substantial correction" in housing, which will probably shave about 1% off growth in the second half of the year. The Institute of Supply Management said its services index fell to 52.9 in September -- the lowest level since April 2003. Great News�.. riiiiight!..... Consumer Confidence Higher Than Expected... riiiiight!..... and housing starts were down sharply but not-as-bad-as-expectations game in play US Existing Home Sales Fall 0.5% in August; Sales Price Drops Existing-home prices fall for 1st time in 11 years along with fed jaw-boning pre-election that inflation has been licked .....riiiiight �..despite printing worthless dollars like they�re going out of style because they really are! Fed did nothing and stocks rallied, pre-election.....riiiiight! What about the reality of u.s. debt service at a record unsustainable $2 billion per day on a revolving $2 trillion charge account with ie., China, etc.. The fact that foreclosures are up and that there is projected new trade deficit record, fake government inflation numbers for election year purposes, housing starts down 6% means little to the alice-in-wonderland lunatic frauds of wall street and the so-called pundits including yahoo below. Almost all computerized volume is and must be considered heavy, manipulated, economically wasteful volume [stocks move contrary to rational analytical facts (ie., exceeded lowered expectations, things so bad interest rates can�t rise, exceeded expectations, no earnings but outlook extraordinary, the fed says booo as they print more worthless dollars to finance deficits, etc. ) is money in the bank for the frauds on wall street when they unwind said irrational positions ]. Philadelphia Federal Reserve announces that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, leading economic indicators fall .2%, and previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows with b**l s**t from Yahoo (which didn�t even reference the record unanticipated trade gap):

There is nothing to rationally justify the previous up move or mixed results in the market other than what is tantamount to a negative, and based upon spurious data from the government; ie., fake government numbers said total PPI rose a smaller than expected 0.1% (consensus 0.4%) in July, which was well below the 0.5% jump in June, while the more closely watched core rate (ex-food and energy) unexpectedly (RIIIIIGHT!) fell 0.3% (consensus +0.2%) -- the first decline since October and the largest drop since a 0.5% decline in April 2003. Home Sales Decline in 28 States, D.C.. Real estate prices down/stagnant. But housing stocks�..up.....riiiiight!.....in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down.� Martin Crutsinger, AP Economics Writer, previously wrote,� U.S. Trade Deficit Falls 0.3 Percent in June to $64.8B, Offsetting Jump in Chinese Imports. Dell Recall Stems From sony Production Flaw� WASHINGTON (AP) -- America's trade deficit showed a slight improvement as strong global growth pushed U.S. exports to a record level. That helped offset a surge in Chinese imports and record crude oil prices. The deficit declined 0.3 percent in June, compared with May, dropping to $64.8 billion, still the fifth largest imbalance on record, the Commerce Department reported Thursday. The deficit is running at an annual rate of $768 billion through the first six months of this year, putting the country on track to see a fifth straight record imbalance. Last year's deficit was $716.7 billion. Prior considerations remain apposite in this clearly overvalued market. The frauds on wall street feel compelled to continue their tradition/superstition/fraud tactic of buying on the rumor and selling on the news (fact) of the Fed�s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money.� Yahoo previously commented: Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance....., to which I responded, Wild..... I�ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported and will now join gm in worker buyouts; but both GM and Ford will now offer built-in ipods which should substantially help their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Analyst says GM good news now behind it (past/discounted), yet stock still rose upon said analysis �..riiiiight�.. daaaaah! Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal, maybe even suspension, that has cast a harsh light on Silicon Valley's compensation practices. Don�t forget that GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland lunatic world of wall street is of course good news. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid (approx.) 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it�s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very commissionable (investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $54; yes, as in the last crash, they will get fooled again� as stocks up sharply in the fraudulent alice-in-wonderland lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the pundits/analysts are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley (who also says that in Europe bush�s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the �better than expectations� game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. Spotlight on the Stock Option Scandal-The share prices of companies involved in stock options backdating have held up well compared to the broader market. But shareholders might be in for a rougher ride. Plus, why the Nasdaq has its hands full. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived pearl harbor effect)/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/ and the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what�s up is down and what�s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they�ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin� to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don�t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)

"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006

WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):

The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

(1-09-07) Waning full moon and lunatics suckers bear market rally into the close to end mixed as the wall street fraud continues to suck the suckers in; ie., as the Dow Jones industrial average down 6.89 S&P down .73, and NASDAQ up 5.63, all very commissionable on heavy volume, as in final pre-election result push for bush, which fell very short but has provided the same pump-priming of the market as most recently seen in 1999 which ended quite badly even without the exacerbating effects of huge unsustainable and debilitating debt/deficits deferring/delaying/prolonging the inevitable reality even as entire domestic u.s. industries are rendered what is tantamount to defunct and with corporate welfare unwisely spent (war crimes, etc.). Jawboning by kohn of print-those-worthless-dollars fed raises market.....riiiiight! The ism services index fell, but that was down from an unexpectedly and fake strong read a month earlier, manufacturing index up slightly to 51.4 (they must be counting hamburgers as manufactured goods in u.s......riiiiight!) but fed knows they�ve been printing worthless dollars like mad which of course is hyperinflationary and will come home to roost, along with huge debt/deficits, trade and budget, Stores Report Disappointing Dec. Sales, Gap Woes Deepen in Bleak Holiday Season. Ford and GM auto sales down 13%. More reports in defiance of reality, oil prices up, Dollar Slides...,every intelligent analyst/economist knows that the new home sales number from the government is a total lie that will be revised downward later, that the options scandals are pervasive in fraudulent america (100 investigations just tip of the iceberg), oil stocks continue to rally on lower oil prices, as previously on pipeline explosion in Nigeria, spill in Gulf, and sanctions for Iran, and sharp FALL in oil prices.....riiiiight!.....predictions of disappointing retail sales even with fire-sale discounted prices,..... Highest increase (2%) in 30 years for the wholesale price index, and as well, the core ppi (1.3%), GDP growth less than expected at 2%, dollar sharply lower, oil prices up, building permits down, all unexpectedly bad but great news in the fraudulent alice-in-wonderland lunatic world of wall street. New Record Quarterly Trade Deficit initially spurred lunatic market rally along with obfuscating but very commissionable merger activity. Core inflation a very unexpected unchanged .....riiiiight!.....spurs superstitious, devoid of reality, santa rally.� Investment Banks Post Record 2006 Profit .....daaaaah! Churning and earning on worthless paper, where is that commission dollar coming from even as america has ceded solvency/leadership in every economic measure. Even at the lofty record numbers the indices are worth roughly half their value based on precipitous fall of the dollar in only 5 years with further downside to go. Superstitious �Santa Claus rally�.....riiiiight! High oil price rally.....riiiiight!� Total� bulls**t ! Retail sales up a very unexpected 1%, riiiiight, at the same time inventories of such goods rising substantially (do you think they�re booking sales to �straw men/companies�.....I do!) and oil inventories down. Fake employment numbers (from the government.....riiiiight!) the impetus for previous b.s. rally despite falling sentiment and uptick in unemployment. The ism services index (financed by unsustainable deficit/debt spending and pushing/commissioning worthless paper) and jawboning/bulls**t from the housing industry (the end is near.....riiiiight!), obfuscating mergers continued to cloud the picture, closely-watched core-PCE deflator had risen a more than expected 0.2%, second sub-50 reading on manufacturing activity in as many sessions-the November ISM index unexpectedly fell to 49.5 (consensus 52.0), Chicago PMI fell to its lowest level (49.9%) in October, and below the 50 level, indicating contraction, crude prices up� (OIL PRICES RISE ABOVE $63 A BARREL...), DOLLAR RESUMES SLIDE, Fed Chairman Bernanke & Co. cheerleading/jawboning/bulls**t, 3.2% decline in new home sales, oil inventories down and oil prices up, oil producers shun the dollar, Russia and Opec shift revenues into euros, yen and sterling..., all very bad news anywhere but in the fraudulent alice-in-wonderland world of wall street. Durable goods orders fell sharply, sentiment down, but supposedly used home sales rose slightly (riiiiight.....who says; the realtors/government who have been talking up this bubble market?) albeit at sharply lower prices. DOLLAR PLUNGES TO NEAR 15-YEAR LOW� In other words, no good news to justify the ridiculous up move by the alice-in-wonderland frauds of wall street. Worthless dollar, triple deficits, stock/options scandals/corruption, as some speculate that fed is behind purchases/manipulation (through proxy) of worthless american paper now being shunned by more rational market players abroad.� MARKETS ROCKED BY LONG OVERDUE BUT STILL MODEST RELATIVE TO REALITY SHARP SLIDE IN DOLLAR...There has never been a time since 1929 when stock prices and p/e ratios were so irrationally high for this point in a bull cycle in this indisputable secular bear market, particularly with the existing unprecedented structural economic problems, ie., trade and budget deficits, worthless dollar, scandals, fraud, corruption , etc.. In fact, unemployment unexpectedly rose substantially and consumer sentiment unexpectedly but similarly realistically fell, both very negative exept in the� fraudulent alice-in-wonderland world of wall street. Indeed, the housing bubble bursting with ie., unexpected 14% decline in starts/permits, etc., led to rally in the fraudulent alice-in-wonderland world of wall street. Obfuscating mergers help preclude detection of this massive and pervasive fraud which defies analysis owing to these mergers. New talking pointing: dell numbers exceed expectations depending upon ongoing government scrutiny of their accounting practices.....riiiiight! More contrived manipulated markets and data well as that previous unexpected rise in that global hub of manufacturing activity, New York (worthless paper is their real product, etc.) �..riiiiight!�.. underpins fraudulent up move. Reassuring Fed speak, also known as b**l s**t, along with IPO�s (get the suckers in at the highs as in late 90�s market bubble), and shrugging off pervasive stock/options fraud as at, ie., KB Homes, etc., leave stocks ridiculously higher. Nations leaving the worthless dollar in droves for currencies backed by value and for precious metals. Based on the self-interested statement of typical fraud american and fed rep, we hear once again the wishful thought that housing has bottomed.....right! [Reality/Truth: US housing slump deepens, spreads]. Home depot rallies despite lower than expected results and lower guidance for the year.....right! Who is stupid enough to believe anything the fraudulent criminal americans say. They are printing worthless dollars like mad. Consumer sentiment actually previously fell and there was nothing but wall street lunacy to prop the fraudulent market. The republicans who lockstepped with war criminal dumbya bush deserved to lose. The frauds on wall street now looking for the new corporate welfare program for which to sell the sizzle ie., stem cells, etc.. The know-nothing pundits are now saying the up move without any rational basis is predicated upon the the falsity that gridlock in washington is welcomed and good because no regulation of, ie., fraud on wall street, etc., can be passed. How about a tax on stock trades to come directly from the traders' (traitors/frauds) bottom lines and provide a disincentive for the churn-and-earn fraud which is tantamount to a wasteful tax on the economy. Even token Christian paulison from jew fraud wall street couldn't stem the tide against the blatent zionist/neocon/bush co failure accross the board as the wall street frauds show record profits financed, albeit indirectly, by huge deficits, both trade and budget. Obfuscating mergers blur the picture to provide cover for up move talking points in defiance of reality.� Stagflation and full employment revisions pre-election.....riiiiight. Productivity comes in at a less than expected 0 (inflationary). The only surprise should have been that the number wasn't negative. The pundits are now saying that the market/wall street fraud is in a state of denial regarding economic fundamentals and that the market is substantially overbought, overvalued, overfrauded, over, etc., the manufacturing index coming in lower than expectations. Consumer sentiment unexpectedly fell.....daaaaah. Pre-election core inflation rate report good �..riiiiight�..but savings rate still negative and walmart sales/profits/outlook substantially below expectations but what the heck, they�re wallstreet lunatics/frauds and reality is no problem. Despite pre-election deficit spending, GNP comes in a less than expected paltry 1.6% increase with worthless falling dollar the catch-22 precluding reality avoidance and the worst yet to come. More nations leaving the worthless dollar as reserve currency even as frauds on wall street reach new highs (What are they smoking? Coking? or like the dollar just cracking) based on corporate welfare flows with money the nation doesn't have pre-election (record deficits). Housing prices continue their sharp decline as bubble deflates. GM only lost 115 million. Ford lost 5.8 billion and must restate earnings back to year 2000 is a bullish sign in the fraudulent alice-in-wonderland lunatic world of wall street. Typical pre-fed meeting rally to provide a cushion for any negative pronouncements which reality would require but are seldom forthcoming by the accommodative frauds who have similarly embraced unreality. Indeed, the gutless wimps of wall street think they're "tough" when they fraudulently take the market higher despite a clearly contrary fact based reality. Caterpillar relates the pervasive reality and the frauds on wallstreet intimidate same with sell off, ignoring pervasive options scandal/fraud and rallies Merck despite lower than expectation results.....riiiiight! Election year corporate welfare to prime the pump and the mock stock market with money the nation doesn�t have (increasing already huge deficits). CPI figures (upon which government inflation adjusted payment obligations are based) lower than expected�..riiiiight! Intel earnings/revenues down sharply but according to the lunatic frauds on wall street, beat expectations and stock rallies along with yahoo which as in the pre-dot com bust days says better days are a coming�.. riiiiight Core inflation rate which is closely watched by the Fed exceeds all expectations. Fraud Merrill Lynch has really been pushing and commissioning that worthless paper and reports record earnings, despite having produced nothing and for very little if any value added (that ill-gotten money has to come from somewhere-your pockets?). The big economic report awaiting scrutiny was the monthly trade deficit which was expected to narrow but in fact INCREASED to 69.9 billion. The alice-in-wonderland lunatic wall street frauds rallied on the news as the dollar precipitously fell. The Fed Chairman said there is a "substantial correction" in housing, which will probably shave about 1% off growth in the second half of the year. The Institute of Supply Management said its services index fell to 52.9 in September -- the lowest level since April 2003. Great News�.. riiiiight!..... Consumer Confidence Higher Than Expected... riiiiight!..... and housing starts were down sharply but not-as-bad-as-expectations game in play US Existing Home Sales Fall 0.5% in August; Sales Price Drops Existing-home prices fall for 1st time in 11 years along with fed jaw-boning pre-election that inflation has been licked .....riiiiight �..despite printing worthless dollars like they�re going out of style because they really are! Fed did nothing and stocks rallied, pre-election.....riiiiight! What about the reality of u.s. debt service at a record unsustainable $2 billion per day on a revolving $2 trillion charge account with ie., China, etc.. The fact that foreclosures are up and that there is projected new trade deficit record, fake government inflation numbers for election year purposes, housing starts down 6% means little to the alice-in-wonderland lunatic frauds of wall street and the so-called pundits including yahoo below. Almost all computerized volume is and must be considered heavy, manipulated, economically wasteful volume [stocks move contrary to rational analytical facts (ie., exceeded lowered expectations, things so bad interest rates can�t rise, exceeded expectations, no earnings but outlook extraordinary, the fed says booo as they print more worthless dollars to finance deficits, etc. ) is money in the bank for the frauds on wall street when they unwind said irrational positions ]. Philadelphia Federal Reserve announces that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, leading economic indicators fall .2%, and previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows with b**l s**t from Yahoo (which didn�t even reference the record unanticipated trade gap):

There is nothing to rationally justify the previous up move or mixed results in the market other than what is tantamount to a negative, and based upon spurious data from the government; ie., fake government numbers said total PPI rose a smaller than expected 0.1% (consensus 0.4%) in July, which was well below the 0.5% jump in June, while the more closely watched core rate (ex-food and energy) unexpectedly (RIIIIIGHT!) fell 0.3% (consensus +0.2%) -- the first decline since October and the largest drop since a 0.5% decline in April 2003. Home Sales Decline in 28 States, D.C.. Real estate prices down/stagnant. But housing stocks�..up.....riiiiight!.....in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down.� Martin Crutsinger, AP Economics Writer, previously wrote,� U.S. Trade Deficit Falls 0.3 Percent in June to $64.8B, Offsetting Jump in Chinese Imports. Dell Recall Stems From sony Production Flaw� WASHINGTON (AP) -- America's trade deficit showed a slight improvement as strong global growth pushed U.S. exports to a record level. That helped offset a surge in Chinese imports and record crude oil prices. The deficit declined 0.3 percent in June, compared with May, dropping to $64.8 billion, still the fifth largest imbalance on record, the Commerce Department reported Thursday. The deficit is running at an annual rate of $768 billion through the first six months of this year, putting the country on track to see a fifth straight record imbalance. Last year's deficit was $716.7 billion. Prior considerations remain apposite in this clearly overvalued market. The frauds on wall street feel compelled to continue their tradition/superstition/fraud tactic of buying on the rumor and selling on the news (fact) of the Fed�s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money.� Yahoo previously commented: Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance....., to which I responded, Wild..... I�ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported and will now join gm in worker buyouts; but both GM and Ford will now offer built-in ipods which should substantially help their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Analyst says GM good news now behind it (past/discounted), yet stock still rose upon said analysis �..riiiiight�.. daaaaah! Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal, maybe even suspension, that has cast a harsh light on Silicon Valley's compensation practices. Don�t forget that GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland lunatic world of wall street is of course good news. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid (approx.) 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it�s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very commissionable (investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $55; yes, as in the last crash, they will get fooled again� as stocks up sharply in the fraudulent alice-in-wonderland lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the pundits/analysts are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley (who also says that in Europe bush�s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the �better than expectations� game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. Spotlight on the Stock Option Scandal-The share prices of companies involved in stock options backdating have held up well compared to the broader market. But shareholders might be in for a rougher ride. Plus, why the Nasdaq has its hands full. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived pearl harbor effect)/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/ and the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what�s up is down and what�s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they�ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin� to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don�t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)

"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006

WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):

The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

(1-08-07) Waning full moon and lunatics suckers bear market rally into the close as the wall street fraud continues to suck the suckers in; ie., as the Dow Jones industrial average up 25 S&P up 3, and NASDAQ up 3, all very commissionable on heavy volume, as in final pre-election result push for bush, which fell very short but has provided the same pump-priming of the market as most recently seen in 1999 which ended quite badly even without the exacerbating effects of huge unsustainable and debilitating debt/deficits deferring/delaying/prolonging the inevitable reality even as entire domestic u.s. industries are rendered what is tantamount to defunct and with corporate welfare unwisely spent (war crimes, etc.). Jawboning by kohn of print-those-worthless-dollars fed raises market.....riiiiight! The ism services index fell, but that was down from an unexpectedly and fake strong read a month earlier, manufacturing index up slightly to 51.4 (they must be counting hamburgers as manufactured goods in u.s......riiiiight!) but fed knows they�ve been printing worthless dollars like mad which of course is hyperinflationary and will come home to roost, along with huge debt/deficits, trade and budget, Stores Report Disappointing Dec. Sales, Gap Woes Deepen in Bleak Holiday Season. Ford and GM auto sales down 13%. More reports in defiance of reality, oil prices up, Dollar Slides...,every intelligent analyst/economist knows that the new home sales number from the government is a total lie that will be revised downward later, that the options scandals are pervasive in fraudulent america (100 investigations just tip of the iceberg), oil stocks continue to rally on lower oil prices, as previously on pipeline explosion in Nigeria, spill in Gulf, and sanctions for Iran, and sharp FALL in oil prices.....riiiiight!.....predictions of disappointing retail sales even with fire-sale discounted prices,..... Highest increase (2%) in 30 years for the wholesale price index, and as well, the core ppi (1.3%), GDP growth less than expected at 2%, dollar sharply lower, oil prices up, building permits down, all unexpectedly bad but great news in the fraudulent alice-in-wonderland lunatic world of wall street. New Record Quarterly Trade Deficit initially spurred lunatic market rally along with obfuscating but very commissionable merger activity. Core inflation a very unexpected unchanged .....riiiiight!.....spurs superstitious, devoid of reality, santa rally.� Investment Banks Post Record 2006 Profit .....daaaaah! Churning and earning on worthless paper, where is that commission dollar coming from even as america has ceded solvency/leadership in every economic measure. Even at the lofty record numbers the indices are worth roughly half their value based on precipitous fall of the dollar in only 5 years with further downside to go. Superstitious �Santa Claus rally�.....riiiiight! High oil price rally.....riiiiight!� Total� bulls**t ! Retail sales up a very unexpected 1%, riiiiight, at the same time inventories of such goods rising substantially (do you think they�re booking sales to �straw men/companies�.....I do!) and oil inventories down. Fake employment numbers (from the government.....riiiiight!) the impetus for previous b.s. rally despite falling sentiment and uptick in unemployment. The ism services index (financed by unsustainable deficit/debt spending and pushing/commissioning worthless paper) and jawboning/bulls**t from the housing industry (the end is near.....riiiiight!), obfuscating mergers continued to cloud the picture, closely-watched core-PCE deflator had risen a more than expected 0.2%, second sub-50 reading on manufacturing activity in as many sessions-the November ISM index unexpectedly fell to 49.5 (consensus 52.0), Chicago PMI fell to its lowest level (49.9%) in October, and below the 50 level, indicating contraction, crude prices up� (OIL PRICES RISE ABOVE $63 A BARREL...), DOLLAR RESUMES SLIDE, Fed Chairman Bernanke & Co. cheerleading/jawboning/bulls**t, 3.2% decline in new home sales, oil inventories down and oil prices up, oil producers shun the dollar, Russia and Opec shift revenues into euros, yen and sterling..., all very bad news anywhere but in the fraudulent alice-in-wonderland world of wall street. Durable goods orders fell sharply, sentiment down, but supposedly used home sales rose slightly (riiiiight.....who says; the realtors/government who have been talking up this bubble market?) albeit at sharply lower prices. DOLLAR PLUNGES TO NEAR 15-YEAR LOW� In other words, no good news to justify the ridiculous up move by the alice-in-wonderland frauds of wall street. Worthless dollar, triple deficits, stock/options scandals/corruption, as some speculate that fed is behind purchases/manipulation (through proxy) of worthless american paper now being shunned by more rational market players abroad.� MARKETS ROCKED BY LONG OVERDUE BUT STILL MODEST RELATIVE TO REALITY SHARP SLIDE IN DOLLAR...There has never been a time since 1929 when stock prices and p/e ratios were so irrationally high for this point in a bull cycle in this indisputable secular bear market, particularly with the existing unprecedented structural economic problems, ie., trade and budget deficits, worthless dollar, scandals, fraud, corruption , etc.. In fact, unemployment unexpectedly rose substantially and consumer sentiment unexpectedly but similarly realistically fell, both very negative exept in the� fraudulent alice-in-wonderland world of wall street. Indeed, the housing bubble bursting with ie., unexpected 14% decline in starts/permits, etc., led to rally in the fraudulent alice-in-wonderland world of wall street. Obfuscating mergers help preclude detection of this massive and pervasive fraud which defies analysis owing to these mergers. New talking pointing: dell numbers exceed expectations depending upon ongoing government scrutiny of their accounting practices.....riiiiight! More contrived manipulated markets and data well as that previous unexpected rise in that global hub of manufacturing activity, New York (worthless paper is their real product, etc.) �..riiiiight!�.. underpins fraudulent up move. Reassuring Fed speak, also known as b**l s**t, along with IPO�s (get the suckers in at the highs as in late 90�s market bubble), and shrugging off pervasive stock/options fraud as at, ie., KB Homes, etc., leave stocks ridiculously higher. Nations leaving the worthless dollar in droves for currencies backed by value and for precious metals. Based on the self-interested statement of typical fraud american and fed rep, we hear once again the wishful thought that housing has bottomed.....right! [Reality/Truth: US housing slump deepens, spreads]. Home depot rallies despite lower than expected results and lower guidance for the year.....right! Who is stupid enough to believe anything the fraudulent criminal americans say. They are printing worthless dollars like mad. Consumer sentiment actually previously fell and there was nothing but wall street lunacy to prop the fraudulent market. The republicans who lockstepped with war criminal dumbya bush deserved to lose. The frauds on wall street now looking for the new corporate welfare program for which to sell the sizzle ie., stem cells, etc.. The know-nothing pundits are now saying the up move without any rational basis is predicated upon the the falsity that gridlock in washington is welcomed and good because no regulation of, ie., fraud on wall street, etc., can be passed. How about a tax on stock trades to come directly from the traders' (traitors/frauds) bottom lines and provide a disincentive for the churn-and-earn fraud which is tantamount to a wasteful tax on the economy. Even token Christian paulison from jew fraud wall street couldn't stem the tide against the blatent zionist/neocon/bush co failure accross the board as the wall street frauds show record profits financed, albeit indirectly, by huge deficits, both trade and budget. Obfuscating mergers blur the picture to provide cover for up move talking points in defiance of reality.� Stagflation and full employment revisions pre-election.....riiiiight. Productivity comes in at a less than expected 0 (inflationary). The only surprise should have been that the number wasn't negative. The pundits are now saying that the market/wall street fraud is in a state of denial regarding economic fundamentals and that the market is substantially overbought, overvalued, overfrauded, over, etc., the manufacturing index coming in lower than expectations. Consumer sentiment unexpectedly fell.....daaaaah. Pre-election core inflation rate report good �..riiiiight�..but savings rate still negative and walmart sales/profits/outlook substantially below expectations but what the heck, they�re wallstreet lunatics/frauds and reality is no problem. Despite pre-election deficit spending, GNP comes in a less than expected paltry 1.6% increase with worthless falling dollar the catch-22 precluding reality avoidance and the worst yet to come. More nations leaving the worthless dollar as reserve currency even as frauds on wall street reach new highs (What are they smoking? Coking? or like the dollar just cracking) based on corporate welfare flows with money the nation doesn't have pre-election (record deficits). Housing prices continue their sharp decline as bubble deflates. GM only lost 115 million. Ford lost 5.8 billion and must restate earnings back to year 2000 is a bullish sign in the fraudulent alice-in-wonderland lunatic world of wall street. Typical pre-fed meeting rally to provide a cushion for any negative pronouncements which reality would require but are seldom forthcoming by the accommodative frauds who have similarly embraced unreality. Indeed, the gutless wimps of wall street think they're "tough" when they fraudulently take the market higher despite a clearly contrary fact based reality. Caterpillar relates the pervasive reality and the frauds on wallstreet intimidate same with sell off, ignoring pervasive options scandal/fraud and rallies Merck despite lower than expectation results.....riiiiight! Election year corporate welfare to prime the pump and the mock stock market with money the nation doesn�t have (increasing already huge deficits). CPI figures (upon which government inflation adjusted payment obligations are based) lower than expected�..riiiiight! Intel earnings/revenues down sharply but according to the lunatic frauds on wall street, beat expectations and stock rallies along with yahoo which as in the pre-dot com bust days says better days are a coming�.. riiiiight Core inflation rate which is closely watched by the Fed exceeds all expectations. Fraud Merrill Lynch has really been pushing and commissioning that worthless paper and reports record earnings, despite having produced nothing and for very little if any value added (that ill-gotten money has to come from somewhere-your pockets?). The big economic report awaiting scrutiny was the monthly trade deficit which was expected to narrow but in fact INCREASED to 69.9 billion. The alice-in-wonderland lunatic wall street frauds rallied on the news as the dollar precipitously fell. The Fed Chairman said there is a "substantial correction" in housing, which will probably shave about 1% off growth in the second half of the year. The Institute of Supply Management said its services index fell to 52.9 in September -- the lowest level since April 2003. Great News�.. riiiiight!..... Consumer Confidence Higher Than Expected... riiiiight!..... and housing starts were down sharply but not-as-bad-as-expectations game in play US Existing Home Sales Fall 0.5% in August; Sales Price Drops Existing-home prices fall for 1st time in 11 years along with fed jaw-boning pre-election that inflation has been licked .....riiiiight �..despite printing worthless dollars like they�re going out of style because they really are! Fed did nothing and stocks rallied, pre-election.....riiiiight! What about the reality of u.s. debt service at a record unsustainable $2 billion per day on a revolving $2 trillion charge account with ie., China, etc.. The fact that foreclosures are up and that there is projected new trade deficit record, fake government inflation numbers for election year purposes, housing starts down 6% means little to the alice-in-wonderland lunatic frauds of wall street and the so-called pundits including yahoo below. Almost all computerized volume is and must be considered heavy, manipulated, economically wasteful volume [stocks move contrary to rational analytical facts (ie., exceeded lowered expectations, things so bad interest rates can�t rise, exceeded expectations, no earnings but outlook extraordinary, the fed says booo as they print more worthless dollars to finance deficits, etc. ) is money in the bank for the frauds on wall street when they unwind said irrational positions ]. Philadelphia Federal Reserve announces that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, leading economic indicators fall .2%, and previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows with b**l s**t from Yahoo (which didn�t even reference the record unanticipated trade gap):

There is nothing to rationally justify the previous up move or mixed results in the market other than what is tantamount to a negative, and based upon spurious data from the government; ie., fake government numbers said total PPI rose a smaller than expected 0.1% (consensus 0.4%) in July, which was well below the 0.5% jump in June, while the more closely watched core rate (ex-food and energy) unexpectedly (RIIIIIGHT!) fell 0.3% (consensus +0.2%) -- the first decline since October and the largest drop since a 0.5% decline in April 2003. Home Sales Decline in 28 States, D.C.. Real estate prices down/stagnant. But housing stocks�..up.....riiiiight!.....in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down.� Martin Crutsinger, AP Economics Writer, previously wrote,� U.S. Trade Deficit Falls 0.3 Percent in June to $64.8B, Offsetting Jump in Chinese Imports. Dell Recall Stems From sony Production Flaw� WASHINGTON (AP) -- America's trade deficit showed a slight improvement as strong global growth pushed U.S. exports to a record level. That helped offset a surge in Chinese imports and record crude oil prices. The deficit declined 0.3 percent in June, compared with May, dropping to $64.8 billion, still the fifth largest imbalance on record, the Commerce Department reported Thursday. The deficit is running at an annual rate of $768 billion through the first six months of this year, putting the country on track to see a fifth straight record imbalance. Last year's deficit was $716.7 billion. Prior considerations remain apposite in this clearly overvalued market. The frauds on wall street feel compelled to continue their tradition/superstition/fraud tactic of buying on the rumor and selling on the news (fact) of the Fed�s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money.� Yahoo previously commented: Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance....., to which I responded, Wild..... I�ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported and will now join gm in worker buyouts; but both GM and Ford will now offer built-in ipods which should substantially help their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Analyst says GM good news now behind it (past/discounted), yet stock still rose upon said analysis �..riiiiight�.. daaaaah! Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal, maybe even suspension, that has cast a harsh light on Silicon Valley's compensation practices. Don�t forget that GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland lunatic world of wall street is of course good news. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid (approx.) 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it�s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very commissionable (investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $56; yes, as in the last crash, they will get fooled again� as stocks up sharply in the fraudulent alice-in-wonderland lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the pundits/analysts are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley (who also says that in Europe bush�s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the �better than expectations� game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. Spotlight on the Stock Option Scandal-The share prices of companies involved in stock options backdating have held up well compared to the broader market. But shareholders might be in for a rougher ride. Plus, why the Nasdaq has its hands full. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived pearl harbor effect)/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/ and the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what�s up is down and what�s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they�ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin� to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don�t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)

"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006

WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):

The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

(1-05-07) Stocks drop still only modestly relative to reality with suckers bear market rally still intact as the wall street fraud continues to suck the suckers in; ie., as the Dow Jones industrial average fell 82.68 S&P fell 8.63 ,and NASDAQ fell 19.18 , all very commissionable on heavy volume, as in final pre-election result push for bush, which fell very short but has provided the same pump-priming of the market as most recently seen in 1999 which ended quite badly even without the exacerbating effects of huge unsustainable and debilitating debt/deficits deferring/delaying/prolonging the inevitable reality even as entire domestic u.s. industries are rendered what is tantamount to defunct and with corporate welfare unwisely spent (war crimes, etc.). The ism services index fell, but that was down from an unexpectedly and fake strong read a month earlier, manufacturing index up slightly to 51.4 (they must be counting hamburgers as manufactured goods in u.s......riiiiight!) but fed knows they�ve been printing worthless dollars like mad which of course is hyperinflationary and will come home to roost, along with huge debt/deficits, trade and budget, Stores Report Disappointing Dec. Sales, Gap Woes Deepen in Bleak Holiday Season. Ford and GM auto sales down 13%. More reports in defiance of reality, oil prices up, Dollar Slides...,every intelligent analyst/economist knows that the new home sales number from the government is a total lie that will be revised downward later, that the options scandals are pervasive in fraudulent america (100 investigations just tip of the iceberg), oil stocks continue to rally on lower oil prices, as previously on pipeline explosion in Nigeria, spill in Gulf, and sanctions for Iran, and sharp FALL in oil prices.....riiiiight!.....predictions of disappointing retail sales even with fire-sale discounted prices,..... Highest increase (2%) in 30 years for the wholesale price index, and as well, the core ppi (1.3%), GDP growth less than expected at 2%, dollar sharply lower, oil prices up, building permits down, all unexpectedly bad but great news in the fraudulent alice-in-wonderland lunatic world of wall street. New Record Quarterly Trade Deficit initially spurred lunatic market rally along with obfuscating but very commissionable merger activity. Core inflation a very unexpected unchanged .....riiiiight!.....spurs superstitious, devoid of reality, santa rally.� Investment Banks Post Record 2006 Profit .....daaaaah! Churning and earning on worthless paper, where is that commission dollar coming from even as america has ceded solvency/leadership in every economic measure. Even at the lofty record numbers the indices are worth roughly half their value based on precipitous fall of the dollar in only 5 years with further downside to go. Superstitious �Santa Claus rally�.....riiiiight! High oil price rally.....riiiiight!� Total� bulls**t ! Retail sales up a very unexpected 1%, riiiiight, at the same time inventories of such goods rising substantially (do you think they�re booking sales to �straw men/companies�.....I do!) and oil inventories down. Fake employment numbers (from the government.....riiiiight!) the impetus for previous b.s. rally despite falling sentiment and uptick in unemployment. The ism services index (financed by unsustainable deficit/debt spending and pushing/commissioning worthless paper) and jawboning/bulls**t from the housing industry (the end is near.....riiiiight!), obfuscating mergers continued to cloud the picture, closely-watched core-PCE deflator had risen a more than expected 0.2%, second sub-50 reading on manufacturing activity in as many sessions-the November ISM index unexpectedly fell to 49.5 (consensus 52.0), Chicago PMI fell to its lowest level (49.9%) in October, and below the 50 level, indicating contraction, crude prices up� (OIL PRICES RISE ABOVE $63 A BARREL...), DOLLAR RESUMES SLIDE, Fed Chairman Bernanke & Co. cheerleading/jawboning/bulls**t, 3.2% decline in new home sales, oil inventories down and oil prices up, oil producers shun the dollar, Russia and Opec shift revenues into euros, yen and sterling..., all very bad news anywhere but in the fraudulent alice-in-wonderland world of wall street. Durable goods orders fell sharply, sentiment down, but supposedly used home sales rose slightly (riiiiight.....who says; the realtors/government who have been talking up this bubble market?) albeit at sharply lower prices. DOLLAR PLUNGES TO NEAR 15-YEAR LOW� In other words, no good news to justify the ridiculous up move by the alice-in-wonderland frauds of wall street. Worthless dollar, triple deficits, stock/options scandals/corruption, as some speculate that fed is behind purchases/manipulation (through proxy) of worthless american paper now being shunned by more rational market players abroad.� MARKETS ROCKED BY LONG OVERDUE BUT STILL MODEST RELATIVE TO REALITY SHARP SLIDE IN DOLLAR...There has never been a time since 1929 when stock prices and p/e ratios were so irrationally high for this point in a bull cycle in this indisputable secular bear market, particularly with the existing unprecedented structural economic problems, ie., trade and budget deficits, worthless dollar, scandals, fraud, corruption , etc.. In fact, unemployment unexpectedly rose substantially and consumer sentiment unexpectedly but similarly realistically fell, both very negative exept in the� fraudulent alice-in-wonderland world of wall street. Indeed, the housing bubble bursting with ie., unexpected 14% decline in starts/permits, etc., led to rally in the fraudulent alice-in-wonderland world of wall street. Obfuscating mergers help preclude detection of this massive and pervasive fraud which defies analysis owing to these mergers. New talking pointing: dell numbers exceed expectations depending upon ongoing government scrutiny of their accounting practices.....riiiiight! More contrived manipulated markets and data well as that previous unexpected rise in that global hub of manufacturing activity, New York (worthless paper is their real product, etc.) �..riiiiight!�.. underpins fraudulent up move. Reassuring Fed speak, also known as b**l s**t, along with IPO�s (get the suckers in at the highs as in late 90�s market bubble), and shrugging off pervasive stock/options fraud as at, ie., KB Homes, etc., leave stocks ridiculously higher. Nations leaving the worthless dollar in droves for currencies backed by value and for precious metals. Based on the self-interested statement of typical fraud american and fed rep, we hear once again the wishful thought that housing has bottomed.....right! [Reality/Truth: US housing slump deepens, spreads]. Home depot rallies despite lower than expected results and lower guidance for the year.....right! Who is stupid enough to believe anything the fraudulent criminal americans say. They are printing worthless dollars like mad. Consumer sentiment actually previously fell and there was nothing but wall street lunacy to prop the fraudulent market. The republicans who lockstepped with war criminal dumbya bush deserved to lose. The frauds on wall street now looking for the new corporate welfare program for which to sell the sizzle ie., stem cells, etc.. The know-nothing pundits are now saying the up move without any rational basis is predicated upon the the falsity that gridlock in washington is welcomed and good because no regulation of, ie., fraud on wall street, etc., can be passed. How about a tax on stock trades to come directly from the traders' (traitors/frauds) bottom lines and provide a disincentive for the churn-and-earn fraud which is tantamount to a wasteful tax on the economy. Even token Christian paulison from jew fraud wall street couldn't stem the tide against the blatent zionist/neocon/bush co failure accross the board as the wall street frauds show record profits financed, albeit indirectly, by huge deficits, both trade and budget. Obfuscating mergers blur the picture to provide cover for up move talking points in defiance of reality.� Stagflation and full employment revisions pre-election.....riiiiight. Productivity comes in at a less than expected 0 (inflationary). The only surprise should have been that the number wasn't negative. The pundits are now saying that the market/wall street fraud is in a state of denial regarding economic fundamentals and that the market is substantially overbought, overvalued, overfrauded, over, etc., the manufacturing index coming in lower than expectations. Consumer sentiment unexpectedly fell.....daaaaah. Pre-election core inflation rate report good �..riiiiight�..but savings rate still negative and walmart sales/profits/outlook substantially below expectations but what the heck, they�re wallstreet lunatics/frauds and reality is no problem. Despite pre-election deficit spending, GNP comes in a less than expected paltry 1.6% increase with worthless falling dollar the catch-22 precluding reality avoidance and the worst yet to come. More nations leaving the worthless dollar as reserve currency even as frauds on wall street reach new highs (What are they smoking? Coking? or like the dollar just cracking) based on corporate welfare flows with money the nation doesn't have pre-election (record deficits). Housing prices continue their sharp decline as bubble deflates. GM only lost 115 million. Ford lost 5.8 billion and must restate earnings back to year 2000 is a bullish sign in the fraudulent alice-in-wonderland lunatic world of wall street. Typical pre-fed meeting rally to provide a cushion for any negative pronouncements which reality would require but are seldom forthcoming by the accommodative frauds who have similarly embraced unreality. Indeed, the gutless wimps of wall street think they're "tough" when they fraudulently take the market higher despite a clearly contrary fact based reality. Caterpillar relates the pervasive reality and the frauds on wallstreet intimidate same with sell off, ignoring pervasive options scandal/fraud and rallies Merck despite lower than expectation results.....riiiiight! Election year corporate welfare to prime the pump and the mock stock market with money the nation doesn�t have (increasing already huge deficits). CPI figures (upon which government inflation adjusted payment obligations are based) lower than expected�..riiiiight! Intel earnings/revenues down sharply but according to the lunatic frauds on wall street, beat expectations and stock rallies along with yahoo which as in the pre-dot com bust days says better days are a coming�.. riiiiight Core inflation rate which is closely watched by the Fed exceeds all expectations. Fraud Merrill Lynch has really been pushing and commissioning that worthless paper and reports record earnings, despite having produced nothing and for very little if any value added (that ill-gotten money has to come from somewhere-your pockets?). The big economic report awaiting scrutiny was the monthly trade deficit which was expected to narrow but in fact INCREASED to 69.9 billion. The alice-in-wonderland lunatic wall street frauds rallied on the news as the dollar precipitously fell. The Fed Chairman said there is a "substantial correction" in housing, which will probably shave about 1% off growth in the second half of the year. The Institute of Supply Management said its services index fell to 52.9 in September -- the lowest level since April 2003. Great News�.. riiiiight!..... Consumer Confidence Higher Than Expected... riiiiight!..... and housing starts were down sharply but not-as-bad-as-expectations game in play US Existing Home Sales Fall 0.5% in August; Sales Price Drops Existing-home prices fall for 1st time in 11 years along with fed jaw-boning pre-election that inflation has been licked .....riiiiight �..despite printing worthless dollars like they�re going out of style because they really are! Fed did nothing and stocks rallied, pre-election.....riiiiight! What about the reality of u.s. debt service at a record unsustainable $2 billion per day on a revolving $2 trillion charge account with ie., China, etc.. The fact that foreclosures are up and that there is projected new trade deficit record, fake government inflation numbers for election year purposes, housing starts down 6% means little to the alice-in-wonderland lunatic frauds of wall street and the so-called pundits including yahoo below. Almost all computerized volume is and must be considered heavy, manipulated, economically wasteful volume [stocks move contrary to rational analytical facts (ie., exceeded lowered expectations, things so bad interest rates can�t rise, exceeded expectations, no earnings but outlook extraordinary, the fed says booo as they print more worthless dollars to finance deficits, etc. ) is money in the bank for the frauds on wall street when they unwind said irrational positions ]. Philadelphia Federal Reserve announces that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, leading economic indicators fall .2%, and previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows with b**l s**t from Yahoo (which didn�t even reference the record unanticipated trade gap):

There is nothing to rationally justify the previous up move or mixed results in the market other than what is tantamount to a negative, and based upon spurious data from the government; ie., fake government numbers said total PPI rose a smaller than expected 0.1% (consensus 0.4%) in July, which was well below the 0.5% jump in June, while the more closely watched core rate (ex-food and energy) unexpectedly (RIIIIIGHT!) fell 0.3% (consensus +0.2%) -- the first decline since October and the largest drop since a 0.5% decline in April 2003. Home Sales Decline in 28 States, D.C.. Real estate prices down/stagnant. But housing stocks�..up.....riiiiight!.....in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down.� Martin Crutsinger, AP Economics Writer, previously wrote,� U.S. Trade Deficit Falls 0.3 Percent in June to $64.8B, Offsetting Jump in Chinese Imports. Dell Recall Stems From sony Production Flaw� WASHINGTON (AP) -- America's trade deficit showed a slight improvement as strong global growth pushed U.S. exports to a record level. That helped offset a surge in Chinese imports and record crude oil prices. The deficit declined 0.3 percent in June, compared with May, dropping to $64.8 billion, still the fifth largest imbalance on record, the Commerce Department reported Thursday. The deficit is running at an annual rate of $768 billion through the first six months of this year, putting the country on track to see a fifth straight record imbalance. Last year's deficit was $716.7 billion. Prior considerations remain apposite in this clearly overvalued market. The frauds on wall street feel compelled to continue their tradition/superstition/fraud tactic of buying on the rumor and selling on the news (fact) of the Fed�s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money.� Yahoo previously commented: Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance....., to which I responded, Wild..... I�ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported and will now join gm in worker buyouts; but both GM and Ford will now offer built-in ipods which should substantially help their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Analyst says GM good news now behind it (past/discounted), yet stock still rose upon said analysis �..riiiiight�.. daaaaah! Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal, maybe even suspension, that has cast a harsh light on Silicon Valley's compensation practices. Don�t forget that GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland lunatic world of wall street is of course good news. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid (approx.) 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it�s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very commissionable (investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $56; yes, as in the last crash, they will get fooled again� as stocks up sharply in the fraudulent alice-in-wonderland lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the pundits/analysts are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley (who also says that in Europe bush�s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the �better than expectations� game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. Spotlight on the Stock Option Scandal-The share prices of companies involved in stock options backdating have held up well compared to the broader market. But shareholders might be in for a rougher ride. Plus, why the Nasdaq has its hands full. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived pearl harbor effect)/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/ and the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what�s up is down and what�s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they�ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin� to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don�t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)

"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006

WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):

The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

(1-04-07) Blazing full moon and lunatics suckers bear market rally into the close as the wall street fraud continues to suck the suckers in; ie., as the Dow Jones industrial average up 6 S&P up 1, and NASDAQ up 30, all very commissionable on heavy volume, as in final pre-election result push for bush, which fell very short but has provided the same pump-priming of the market as most recently seen in 1999 which ended quite badly even without the exacerbating effects of huge unsustainable and debilitating debt/deficits deferring/delaying/prolonging the inevitable reality even as entire domestic u.s. industries are rendered what is tantamount to defunct and with corporate welfare unwisely spent (war crimes, etc.). The ism services index fell, but that was down from an unexpectedly and fake strong read a month earlier, manufacturing index up slightly to 51.4 (they must be counting hamburgers as manufactured goods in u.s......riiiiight!) but fed knows they�ve been printing worthless dollars like mad which of course is hyperinflationary and will come home to roost, along with huge debt/deficits, trade and budget, Stores Report Disappointing Dec. Sales, Gap Woes Deepen in Bleak Holiday Season. Ford and GM auto sales down 13%. More reports in defiance of reality, oil prices up, Dollar Slides...,every intelligent analyst/economist knows that the new home sales number from the government is a total lie that will be revised downward later, that the options scandals are pervasive in fraudulent america (100 investigations just tip of the iceberg), oil stocks continue to rally on lower oil prices, as previously on pipeline explosion in Nigeria, spill in Gulf, and sanctions for Iran, and sharp FALL in oil prices.....riiiiight!.....predictions of disappointing retail sales even with fire-sale discounted prices,..... Highest increase (2%) in 30 years for the wholesale price index, and as well, the core ppi (1.3%), GDP growth less than expected at 2%, dollar sharply lower, oil prices up, building permits down, all unexpectedly bad but great news in the fraudulent alice-in-wonderland lunatic world of wall street. New Record Quarterly Trade Deficit initially spurred lunatic market rally along with obfuscating but very commissionable merger activity. Core inflation a very unexpected unchanged .....riiiiight!.....spurs superstitious, devoid of reality, santa rally.� Investment Banks Post Record 2006 Profit .....daaaaah! Churning and earning on worthless paper, where is that commission dollar coming from even as america has ceded solvency/leadership in every economic measure. Even at the lofty record numbers the indices are worth roughly half their value based on precipitous fall of the dollar in only 5 years with further downside to go. Superstitious �Santa Claus rally�.....riiiiight! High oil price rally.....riiiiight!� Total� bulls**t ! Retail sales up a very unexpected 1%, riiiiight, at the same time inventories of such goods rising substantially (do you think they�re booking sales to �straw men/companies�.....I do!) and oil inventories down. Fake employment numbers (from the government.....riiiiight!) the impetus for previous b.s. rally despite falling sentiment and uptick in unemployment. The ism services index (financed by unsustainable deficit/debt spending and pushing/commissioning worthless paper) and jawboning/bulls**t from the housing industry (the end is near.....riiiiight!), obfuscating mergers continued to cloud the picture, closely-watched core-PCE deflator had risen a more than expected 0.2%, second sub-50 reading on manufacturing activity in as many sessions-the November ISM index unexpectedly fell to 49.5 (consensus 52.0), Chicago PMI fell to its lowest level (49.9%) in October, and below the 50 level, indicating contraction, crude prices up� (OIL PRICES RISE ABOVE $63 A BARREL...), DOLLAR RESUMES SLIDE, Fed Chairman Bernanke & Co. cheerleading/jawboning/bulls**t, 3.2% decline in new home sales, oil inventories down and oil prices up, oil producers shun the dollar, Russia and Opec shift revenues into euros, yen and sterling..., all very bad news anywhere but in the fraudulent alice-in-wonderland world of wall street. Durable goods orders fell sharply, sentiment down, but supposedly used home sales rose slightly (riiiiight.....who says; the realtors/government who have been talking up this bubble market?) albeit at sharply lower prices. DOLLAR PLUNGES TO NEAR 15-YEAR LOW� In other words, no good news to justify the ridiculous up move by the alice-in-wonderland frauds of wall street. Worthless dollar, triple deficits, stock/options scandals/corruption, as some speculate that fed is behind purchases/manipulation (through proxy) of worthless american paper now being shunned by more rational market players abroad.� MARKETS ROCKED BY LONG OVERDUE BUT STILL MODEST RELATIVE TO REALITY SHARP SLIDE IN DOLLAR...There has never been a time since 1929 when stock prices and p/e ratios were so irrationally high for this point in a bull cycle in this indisputable secular bear market, particularly with the existing unprecedented structural economic problems, ie., trade and budget deficits, worthless dollar, scandals, fraud, corruption , etc.. In fact, unemployment unexpectedly rose substantially and consumer sentiment unexpectedly but similarly realistically fell, both very negative exept in the� fraudulent alice-in-wonderland world of wall street. Indeed, the housing bubble bursting with ie., unexpected 14% decline in starts/permits, etc., led to rally in the fraudulent alice-in-wonderland world of wall street. Obfuscating mergers help preclude detection of this massive and pervasive fraud which defies analysis owing to these mergers. New talking pointing: dell numbers exceed expectations depending upon ongoing government scrutiny of their accounting practices.....riiiiight! More contrived manipulated markets and data well as that previous unexpected rise in that global hub of manufacturing activity, New York (worthless paper is their real product, etc.) �..riiiiight!�.. underpins fraudulent up move. Reassuring Fed speak, also known as b**l s**t, along with IPO�s (get the suckers in at the highs as in late 90�s market bubble), and shrugging off pervasive stock/options fraud as at, ie., KB Homes, etc., leave stocks ridiculously higher. Nations leaving the worthless dollar in droves for currencies backed by value and for precious metals. Based on the self-interested statement of typical fraud american and fed rep, we hear once again the wishful thought that housing has bottomed.....right! [Reality/Truth: US housing slump deepens, spreads]. Home depot rallies despite lower than expected results and lower guidance for the year.....right! Who is stupid enough to believe anything the fraudulent criminal americans say. They are printing worthless dollars like mad. Consumer sentiment actually previously fell and there was nothing but wall street lunacy to prop the fraudulent market. The republicans who lockstepped with war criminal dumbya bush deserved to lose. The frauds on wall street now looking for the new corporate welfare program for which to sell the sizzle ie., stem cells, etc.. The know-nothing pundits are now saying the up move without any rational basis is predicated upon the the falsity that gridlock in washington is welcomed and good because no regulation of, ie., fraud on wall street, etc., can be passed. How about a tax on stock trades to come directly from the traders' (traitors/frauds) bottom lines and provide a disincentive for the churn-and-earn fraud which is tantamount to a wasteful tax on the economy. Even token Christian paulison from jew fraud wall street couldn't stem the tide against the blatent zionist/neocon/bush co failure accross the board as the wall street frauds show record profits financed, albeit indirectly, by huge deficits, both trade and budget. Obfuscating mergers blur the picture to provide cover for up move talking points in defiance of reality.� Stagflation and full employment revisions pre-election.....riiiiight. Productivity comes in at a less than expected 0 (inflationary). The only surprise should have been that the number wasn't negative. The pundits are now saying that the market/wall street fraud is in a state of denial regarding economic fundamentals and that the market is substantially overbought, overvalued, overfrauded, over, etc., the manufacturing index coming in lower than expectations. Consumer sentiment unexpectedly fell.....daaaaah. Pre-election core inflation rate report good �..riiiiight�..but savings rate still negative and walmart sales/profits/outlook substantially below expectations but what the heck, they�re wallstreet lunatics/frauds and reality is no problem. Despite pre-election deficit spending, GNP comes in a less than expected paltry 1.6% increase with worthless falling dollar the catch-22 precluding reality avoidance and the worst yet to come. More nations leaving the worthless dollar as reserve currency even as frauds on wall street reach new highs (What are they smoking? Coking? or like the dollar just cracking) based on corporate welfare flows with money the nation doesn't have pre-election (record deficits). Housing prices continue their sharp decline as bubble deflates. GM only lost 115 million. Ford lost 5.8 billion and must restate earnings back to year 2000 is a bullish sign in the fraudulent alice-in-wonderland lunatic world of wall street. Typical pre-fed meeting rally to provide a cushion for any negative pronouncements which reality would require but are seldom forthcoming by the accommodative frauds who have similarly embraced unreality. Indeed, the gutless wimps of wall street think they're "tough" when they fraudulently take the market higher despite a clearly contrary fact based reality. Caterpillar relates the pervasive reality and the frauds on wallstreet intimidate same with sell off, ignoring pervasive options scandal/fraud and rallies Merck despite lower than expectation results.....riiiiight! Election year corporate welfare to prime the pump and the mock stock market with money the nation doesn�t have (increasing already huge deficits). CPI figures (upon which government inflation adjusted payment obligations are based) lower than expected�..riiiiight! Intel earnings/revenues down sharply but according to the lunatic frauds on wall street, beat expectations and stock rallies along with yahoo which as in the pre-dot com bust days says better days are a coming�.. riiiiight Core inflation rate which is closely watched by the Fed exceeds all expectations. Fraud Merrill Lynch has really been pushing and commissioning that worthless paper and reports record earnings, despite having produced nothing and for very little if any value added (that ill-gotten money has to come from somewhere-your pockets?). The big economic report awaiting scrutiny was the monthly trade deficit which was expected to narrow but in fact INCREASED to 69.9 billion. The alice-in-wonderland lunatic wall street frauds rallied on the news as the dollar precipitously fell. The Fed Chairman said there is a "substantial correction" in housing, which will probably shave about 1% off growth in the second half of the year. The Institute of Supply Management said its services index fell to 52.9 in September -- the lowest level since April 2003. Great News�.. riiiiight!..... Consumer Confidence Higher Than Expected... riiiiight!..... and housing starts were down sharply but not-as-bad-as-expectations game in play US Existing Home Sales Fall 0.5% in August; Sales Price Drops Existing-home prices fall for 1st time in 11 years along with fed jaw-boning pre-election that inflation has been licked .....riiiiight �..despite printing worthless dollars like they�re going out of style because they really are! Fed did nothing and stocks rallied, pre-election.....riiiiight! What about the reality of u.s. debt service at a record unsustainable $2 billion per day on a revolving $2 trillion charge account with ie., China, etc.. The fact that foreclosures are up and that there is projected new trade deficit record, fake government inflation numbers for election year purposes, housing starts down 6% means little to the alice-in-wonderland lunatic frauds of wall street and the so-called pundits including yahoo below. Almost all computerized volume is and must be considered heavy, manipulated, economically wasteful volume [stocks move contrary to rational analytical facts (ie., exceeded lowered expectations, things so bad interest rates can�t rise, exceeded expectations, no earnings but outlook extraordinary, the fed says booo as they print more worthless dollars to finance deficits, etc. ) is money in the bank for the frauds on wall street when they unwind said irrational positions ]. Philadelphia Federal Reserve announces that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, leading economic indicators fall .2%, and previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows with b**l s**t from Yahoo (which didn�t even reference the record unanticipated trade gap):

There is nothing to rationally justify the previous up move or mixed results in the market other than what is tantamount to a negative, and based upon spurious data from the government; ie., fake government numbers said total PPI rose a smaller than expected 0.1% (consensus 0.4%) in July, which was well below the 0.5% jump in June, while the more closely watched core rate (ex-food and energy) unexpectedly (RIIIIIGHT!) fell 0.3% (consensus +0.2%) -- the first decline since October and the largest drop since a 0.5% decline in April 2003. Home Sales Decline in 28 States, D.C.. Real estate prices down/stagnant. But housing stocks�..up.....riiiiight!.....in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down.� Martin Crutsinger, AP Economics Writer, previously wrote,� U.S. Trade Deficit Falls 0.3 Percent in June to $64.8B, Offsetting Jump in Chinese Imports. Dell Recall Stems From sony Production Flaw� WASHINGTON (AP) -- America's trade deficit showed a slight improvement as strong global growth pushed U.S. exports to a record level. That helped offset a surge in Chinese imports and record crude oil prices. The deficit declined 0.3 percent in June, compared with May, dropping to $64.8 billion, still the fifth largest imbalance on record, the Commerce Department reported Thursday. The deficit is running at an annual rate of $768 billion through the first six months of this year, putting the country on track to see a fifth straight record imbalance. Last year's deficit was $716.7 billion. Prior considerations remain apposite in this clearly overvalued market. The frauds on wall street feel compelled to continue their tradition/superstition/fraud tactic of buying on the rumor and selling on the news (fact) of the Fed�s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money.� Yahoo previously commented: Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance....., to which I responded, Wild..... I�ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported and will now join gm in worker buyouts; but both GM and Ford will now offer built-in ipods which should substantially help their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Analyst says GM good news now behind it (past/discounted), yet stock still rose upon said analysis �..riiiiight�.. daaaaah! Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal, maybe even suspension, that has cast a harsh light on Silicon Valley's compensation practices. Don�t forget that GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland lunatic world of wall street is of course good news. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid (approx.) 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it�s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very commissionable (investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $55; yes, as in the last crash, they will get fooled again� as stocks up sharply in the fraudulent alice-in-wonderland lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the pundits/analysts are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley (who also says that in Europe bush�s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the �better than expectations� game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. Spotlight on the Stock Option Scandal-The share prices of companies involved in stock options backdating have held up well compared to the broader market. But shareholders might be in for a rougher ride. Plus, why the Nasdaq has its hands full. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived pearl harbor effect)/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/ and the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what�s up is down and what�s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they�ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin� to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don�t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)

"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006

WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):

The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

(1-3-07) Full moon and Stocks drop still only modestly relative to reality with suckers bear market rally into the close to end mixed as the wall street fraud continues to suck the suckers in; ie., as the Dow Jones industrial average up 11.37 S&P fell 1.70 ,and NASDAQ up 7.87 , all very commissionable on heavy volume, as in final pre-election result push for bush, which fell very short but has provided the same pump-priming of the market as most recently seen in 1999 which ended quite badly even without the exacerbating effects of huge unsustainable and debilitating debt/deficits deferring/delaying/prolonging the inevitable reality even as entire domestic u.s. industries are rendered what is tantamount to defunct and with corporate welfare unwisely spent (war crimes, etc.). The ism index up slightly to 51.4 (they must be counting hamburgers as manufactured goods in u.s......riiiiight!) but fed knows they�ve been printing worthless dollars like mad which of course is hyperinflationary and will come home to roost, along with huge debt/deficits, trade and budget. Ford and GM auto sales down 13%. More reports in defiance of reality, oil prices up, Dollar Slides...,every intelligent analyst/economist knows that the new home sales number from the government is a total lie that will be revised downward later, that the options scandals are pervasive in fraudulent america (100 investigations just tip of the iceberg), oil stocks continue to rally on lower oil prices, as previously on pipeline explosion in Nigeria, spill in Gulf, and sanctions for Iran, and sharp FALL in oil prices.....riiiiight!.....predictions of disappointing retail sales even with fire-sale discounted prices,..... Highest increase (2%) in 30 years for the wholesale price index, and as well, the core ppi (1.3%), GDP growth less than expected at 2%, dollar sharply lower, oil prices up, building permits down, all unexpectedly bad but great news in the fraudulent alice-in-wonderland lunatic world of wall street. New Record Quarterly Trade Deficit initially spurred lunatic market rally along with obfuscating but very commissionable merger activity. Core inflation a very unexpected unchanged .....riiiiight!.....spurs superstitious, devoid of reality, santa rally.� Investment Banks Post Record 2006 Profit .....daaaaah! Churning and earning on worthless paper, where is that commission dollar coming from even as america has ceded solvency/leadership in every economic measure. Even at the lofty record numbers the indices are worth roughly half their value based on precipitous fall of the dollar in only 5 years with further downside to go. Superstitious �Santa Claus rally�.....riiiiight! High oil price rally.....riiiiight!� Total� bulls**t ! Retail sales up a very unexpected 1%, riiiiight, at the same time inventories of such goods rising substantially (do you think they�re booking sales to �straw men/companies�.....I do!) and oil inventories down. Fake employment numbers (from the government.....riiiiight!) the impetus for previous b.s. rally despite falling sentiment and uptick in unemployment. The ism services index (financed by unsustainable deficit/debt spending and pushing/commissioning worthless paper) and jawboning/bulls**t from the housing industry (the end is near.....riiiiight!), obfuscating mergers continued to cloud the picture, closely-watched core-PCE deflator had risen a more than expected 0.2%, second sub-50 reading on manufacturing activity in as many sessions-the November ISM index unexpectedly fell to 49.5 (consensus 52.0), Chicago PMI fell to its lowest level (49.9%) in October, and below the 50 level, indicating contraction, crude prices up� (OIL PRICES RISE ABOVE $63 A BARREL...), DOLLAR RESUMES SLIDE, Fed Chairman Bernanke & Co. cheerleading/jawboning/bulls**t, 3.2% decline in new home sales, oil inventories down and oil prices up, oil producers shun the dollar, Russia and Opec shift revenues into euros, yen and sterling..., all very bad news anywhere but in the fraudulent alice-in-wonderland world of wall street. Durable goods orders fell sharply, sentiment down, but supposedly used home sales rose slightly (riiiiight.....who says; the realtors/government who have been talking up this bubble market?) albeit at sharply lower prices. DOLLAR PLUNGES TO NEAR 15-YEAR LOW� In other words, no good news to justify the ridiculous up move by the alice-in-wonderland frauds of wall street. Worthless dollar, triple deficits, stock/options scandals/corruption, as some speculate that fed is behind purchases/manipulation (through proxy) of worthless american paper now being shunned by more rational market players abroad.� MARKETS ROCKED BY LONG OVERDUE BUT STILL MODEST RELATIVE TO REALITY SHARP SLIDE IN DOLLAR...There has never been a time since 1929 when stock prices and p/e ratios were so irrationally high for this point in a bull cycle in this indisputable secular bear market, particularly with the existing unprecedented structural economic problems, ie., trade and budget deficits, worthless dollar, scandals, fraud, corruption , etc.. In fact, unemployment unexpectedly rose substantially and consumer sentiment unexpectedly but similarly realistically fell, both very negative exept in the� fraudulent alice-in-wonderland world of wall street. Indeed, the housing bubble bursting with ie., unexpected 14% decline in starts/permits, etc., led to rally in the fraudulent alice-in-wonderland world of wall street. Obfuscating mergers help preclude detection of this massive and pervasive fraud which defies analysis owing to these mergers. New talking pointing: dell numbers exceed expectations depending upon ongoing government scrutiny of their accounting practices.....riiiiight! More contrived manipulated markets and data well as that previous unexpected rise in that global hub of manufacturing activity, New York (worthless paper is their real product, etc.) �..riiiiight!�.. underpins fraudulent up move. Reassuring Fed speak, also known as b**l s**t, along with IPO�s (get the suckers in at the highs as in late 90�s market bubble), and shrugging off pervasive stock/options fraud as at, ie., KB Homes, etc., leave stocks ridiculously higher. Nations leaving the worthless dollar in droves for currencies backed by value and for precious metals. Based on the self-interested statement of typical fraud american and fed rep, we hear once again the wishful thought that housing has bottomed.....right! [Reality/Truth: US housing slump deepens, spreads]. Home depot rallies despite lower than expected results and lower guidance for the year.....right! Who is stupid enough to believe anything the fraudulent criminal americans say. They are printing worthless dollars like mad. Consumer sentiment actually previously fell and there was nothing but wall street lunacy to prop the fraudulent market. The republicans who lockstepped with war criminal dumbya bush deserved to lose. The frauds on wall street now looking for the new corporate welfare program for which to sell the sizzle ie., stem cells, etc.. The know-nothing pundits are now saying the up move without any rational basis is predicated upon the the falsity that gridlock in washington is welcomed and good because no regulation of, ie., fraud on wall street, etc., can be passed. How about a tax on stock trades to come directly from the traders' (traitors/frauds) bottom lines and provide a disincentive for the churn-and-earn fraud which is tantamount to a wasteful tax on the economy. Even token Christian paulison from jew fraud wall street couldn't stem the tide against the blatent zionist/neocon/bush co failure accross the board as the wall street frauds show record profits financed, albeit indirectly, by huge deficits, both trade and budget. Obfuscating mergers blur the picture to provide cover for up move talking points in defiance of reality.� Stagflation and full employment revisions pre-election.....riiiiight. Productivity comes in at a less than expected 0 (inflationary). The only surprise should have been that the number wasn't negative. The pundits are now saying that the market/wall street fraud is in a state of denial regarding economic fundamentals and that the market is substantially overbought, overvalued, overfrauded, over, etc., the manufacturing index coming in lower than expectations. Consumer sentiment unexpectedly fell.....daaaaah. Pre-election core inflation rate report good �..riiiiight�..but savings rate still negative and walmart sales/profits/outlook substantially below expectations but what the heck, they�re wallstreet lunatics/frauds and reality is no problem. Despite pre-election deficit spending, GNP comes in a less than expected paltry 1.6% increase with worthless falling dollar the catch-22 precluding reality avoidance and the worst yet to come. More nations leaving the worthless dollar as reserve currency even as frauds on wall street reach new highs (What are they smoking? Coking? or like the dollar just cracking) based on corporate welfare flows with money the nation doesn't have pre-election (record deficits). Housing prices continue their sharp decline as bubble deflates. GM only lost 115 million. Ford lost 5.8 billion and must restate earnings back to year 2000 is a bullish sign in the fraudulent alice-in-wonderland lunatic world of wall street. Typical pre-fed meeting rally to provide a cushion for any negative pronouncements which reality would require but are seldom forthcoming by the accommodative frauds who have similarly embraced unreality. Indeed, the gutless wimps of wall street think they're "tough" when they fraudulently take the market higher despite a clearly contrary fact based reality. Caterpillar relates the pervasive reality and the frauds on wallstreet intimidate same with sell off, ignoring pervasive options scandal/fraud and rallies Merck despite lower than expectation results.....riiiiight! Election year corporate welfare to prime the pump and the mock stock market with money the nation doesn�t have (increasing already huge deficits). CPI figures (upon which government inflation adjusted payment obligations are based) lower than expected�..riiiiight! Intel earnings/revenues down sharply but according to the lunatic frauds on wall street, beat expectations and stock rallies along with yahoo which as in the pre-dot com bust days says better days are a coming�.. riiiiight Core inflation rate which is closely watched by the Fed exceeds all expectations. Fraud Merrill Lynch has really been pushing and commissioning that worthless paper and reports record earnings, despite having produced nothing and for very little if any value added (that ill-gotten money has to come from somewhere-your pockets?). The big economic report awaiting scrutiny was the monthly trade deficit which was expected to narrow but in fact INCREASED to 69.9 billion. The alice-in-wonderland lunatic wall street frauds rallied on the news as the dollar precipitously fell. The Fed Chairman said there is a "substantial correction" in housing, which will probably shave about 1% off growth in the second half of the year. The Institute of Supply Management said its services index fell to 52.9 in September -- the lowest level since April 2003. Great News�.. riiiiight!..... Consumer Confidence Higher Than Expected... riiiiight!..... and housing starts were down sharply but not-as-bad-as-expectations game in play US Existing Home Sales Fall 0.5% in August; Sales Price Drops Existing-home prices fall for 1st time in 11 years along with fed jaw-boning pre-election that inflation has been licked .....riiiiight �..despite printing worthless dollars like they�re going out of style because they really are! Fed did nothing and stocks rallied, pre-election.....riiiiight! What about the reality of u.s. debt service at a record unsustainable $2 billion per day on a revolving $2 trillion charge account with ie., China, etc.. The fact that foreclosures are up and that there is projected new trade deficit record, fake government inflation numbers for election year purposes, housing starts down 6% means little to the alice-in-wonderland lunatic frauds of wall street and the so-called pundits including yahoo below. Almost all computerized volume is and must be considered heavy, manipulated, economically wasteful volume [stocks move contrary to rational analytical facts (ie., exceeded lowered expectations, things so bad interest rates can�t rise, exceeded expectations, no earnings but outlook extraordinary, the fed says booo as they print more worthless dollars to finance deficits, etc. ) is money in the bank for the frauds on wall street when they unwind said irrational positions ]. Philadelphia Federal Reserve announces that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, leading economic indicators fall .2%, and previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows with b**l s**t from Yahoo (which didn�t even reference the record unanticipated trade gap):

There is nothing to rationally justify the previous up move or mixed results in the market other than what is tantamount to a negative, and based upon spurious data from the government; ie., fake government numbers said total PPI rose a smaller than expected 0.1% (consensus 0.4%) in July, which was well below the 0.5% jump in June, while the more closely watched core rate (ex-food and energy) unexpectedly (RIIIIIGHT!) fell 0.3% (consensus +0.2%) -- the first decline since October and the largest drop since a 0.5% decline in April 2003. Home Sales Decline in 28 States, D.C.. Real estate prices down/stagnant. But housing stocks�..up.....riiiiight!.....in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down.� Martin Crutsinger, AP Economics Writer, previously wrote,� U.S. Trade Deficit Falls 0.3 Percent in June to $64.8B, Offsetting Jump in Chinese Imports. Dell Recall Stems From sony Production Flaw� WASHINGTON (AP) -- America's trade deficit showed a slight improvement as strong global growth pushed U.S. exports to a record level. That helped offset a surge in Chinese imports and record crude oil prices. The deficit declined 0.3 percent in June, compared with May, dropping to $64.8 billion, still the fifth largest imbalance on record, the Commerce Department reported Thursday. The deficit is running at an annual rate of $768 billion through the first six months of this year, putting the country on track to see a fifth straight record imbalance. Last year's deficit was $716.7 billion. Prior considerations remain apposite in this clearly overvalued market. The frauds on wall street feel compelled to continue their tradition/superstition/fraud tactic of buying on the rumor and selling on the news (fact) of the Fed�s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money.� Yahoo previously commented: Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance....., to which I responded, Wild..... I�ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported and will now join gm in worker buyouts; but both GM and Ford will now offer built-in ipods which should substantially help their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Analyst says GM good news now behind it (past/discounted), yet stock still rose upon said analysis �..riiiiight�.. daaaaah! Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal, maybe even suspension, that has cast a harsh light on Silicon Valley's compensation practices. Don�t forget that GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland lunatic world of wall street is of course good news. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid (approx.) 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it�s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very commissionable (investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $58; yes, as in the last crash, they will get fooled again� as stocks up sharply in the fraudulent alice-in-wonderland lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the pundits/analysts are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley (who also says that in Europe bush�s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the �better than expectations� game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. Spotlight on the Stock Option Scandal-The share prices of companies involved in stock options backdating have held up well compared to the broader market. But shareholders might be in for a rougher ride. Plus, why the Nasdaq has its hands full. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived pearl harbor effect)/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/ and the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what�s up is down and what�s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they�ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin� to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don�t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)

"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006

WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):

The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

(12-29-06) Stocks drop still only modestly relative to reality with suckers bear market rally still intact as the wall street fraud continues to suck the suckers in; ie., as the Dow Jones industrial average fell 38 S&P fell 6 ,and NASDAQ fell 10 , all very commissionable on heavy volume, as in final pre-election result push for bush, which fell very short but has provided the same pump-priming of the market as most recently seen in 1999 which ended quite badly even without the exacerbating effects of huge unsustainable and debilitating debt/deficits deferring/delaying/prolonging the inevitable reality even as entire domestic u.s. industries are rendered what is tantamount to defunct and with corporate welfare unwisely spent (war crimes, etc.). More reports in defiance of reality, oil prices up, Dollar Slides...,every intelligent analyst/economist knows that the new home sales number from the government is a total lie that will be revised downward later, that the options scandals are pervasive in fraudulent america (100 investigations just tip of the iceberg), oil stocks continue to rally on lower oil prices, as previously on pipeline explosion in Nigeria, spill in Gulf, and sanctions for Iran, and sharp FALL in oil prices.....riiiiight!.....predictions of disappointing retail sales even with fire-sale discounted prices,..... Highest increase (2%) in 30 years for the wholesale price index, and as well, the core ppi (1.3%), GDP growth less than expected at 2%, dollar sharply lower, oil prices up, building permits down, all unexpectedly bad but great news in the fraudulent alice-in-wonderland lunatic world of wall street. New Record Quarterly Trade Deficit initially spurred lunatic market rally along with obfuscating but very commissionable merger activity. Core inflation a very unexpected unchanged .....riiiiight!.....spurs superstitious, devoid of reality, santa rally.� Investment Banks Post Record 2006 Profit .....daaaaah! Churning and earning on worthless paper, where is that commission dollar coming from even as america has ceded solvency/leadership in every economic measure. Even at the lofty record numbers the indices are worth roughly half their value based on precipitous fall of the dollar in only 5 years with further downside to go. Superstitious �Santa Claus rally�.....riiiiight! High oil price rally.....riiiiight!� Total� bulls**t ! Retail sales up a very unexpected 1%, riiiiight, at the same time inventories of such goods rising substantially (do you think they�re booking sales to �straw men/companies�.....I do!) and oil inventories down. Fake employment numbers (from the government.....riiiiight!) the impetus for previous b.s. rally despite falling sentiment and uptick in unemployment. The ism services index (financed by unsustainable deficit/debt spending and pushing/commissioning worthless paper) and jawboning/bulls**t from the housing industry (the end is near.....riiiiight!), obfuscating mergers continued to cloud the picture, closely-watched core-PCE deflator had risen a more than expected 0.2%, second sub-50 reading on manufacturing activity in as many sessions-the November ISM index unexpectedly fell to 49.5 (consensus 52.0), Chicago PMI fell to its lowest level (49.9%) in October, and below the 50 level, indicating contraction, crude prices up� (OIL PRICES RISE ABOVE $63 A BARREL...), DOLLAR RESUMES SLIDE, Fed Chairman Bernanke & Co. cheerleading/jawboning/bulls**t, 3.2% decline in new home sales, oil inventories down and oil prices up, oil producers shun the dollar, Russia and Opec shift revenues into euros, yen and sterling..., all very bad news anywhere but in the fraudulent alice-in-wonderland world of wall street. Durable goods orders fell sharply, sentiment down, but supposedly used home sales rose slightly (riiiiight.....who says; the realtors/government who have been talking up this bubble market?) albeit at sharply lower prices. DOLLAR PLUNGES TO NEAR 15-YEAR LOW� In other words, no good news to justify the ridiculous up move by the alice-in-wonderland frauds of wall street. Worthless dollar, triple deficits, stock/options scandals/corruption, as some speculate that fed is behind purchases/manipulation (through proxy) of worthless american paper now being shunned by more rational market players abroad.� MARKETS ROCKED BY LONG OVERDUE BUT STILL MODEST RELATIVE TO REALITY SHARP SLIDE IN DOLLAR...There has never been a time since 1929 when stock prices and p/e ratios were so irrationally high for this point in a bull cycle in this indisputable secular bear market, particularly with the existing unprecedented structural economic problems, ie., trade and budget deficits, worthless dollar, scandals, fraud, corruption , etc.. In fact, unemployment unexpectedly rose substantially and consumer sentiment unexpectedly but similarly realistically fell, both very negative exept in the� fraudulent alice-in-wonderland world of wall street. Indeed, the housing bubble bursting with ie., unexpected 14% decline in starts/permits, etc., led to rally in the fraudulent alice-in-wonderland world of wall street. Obfuscating mergers help preclude detection of this massive and pervasive fraud which defies analysis owing to these mergers. New talking pointing: dell numbers exceed expectations depending upon ongoing government scrutiny of their accounting practices.....riiiiight! More contrived manipulated markets and data well as that previous unexpected rise in that global hub of manufacturing activity, New York (worthless paper is their real product, etc.) �..riiiiight!�.. underpins fraudulent up move. Reassuring Fed speak, also known as b**l s**t, along with IPO�s (get the suckers in at the highs as in late 90�s market bubble), and shrugging off pervasive stock/options fraud as at, ie., KB Homes, etc., leave stocks ridiculously higher. Nations leaving the worthless dollar in droves for currencies backed by value and for precious metals. Based on the self-interested statement of typical fraud american and fed rep, we hear once again the wishful thought that housing has bottomed.....right! [Reality/Truth: US housing slump deepens, spreads]. Home depot rallies despite lower than expected results and lower guidance for the year.....right! Who is stupid enough to believe anything the fraudulent criminal americans say. They are printing worthless dollars like mad. Consumer sentiment actually previously fell and there was nothing but wall street lunacy to prop the fraudulent market. The republicans who lockstepped with war criminal dumbya bush deserved to lose. The frauds on wall street now looking for the new corporate welfare program for which to sell the sizzle ie., stem cells, etc.. The know-nothing pundits are now saying the up move without any rational basis is predicated upon the the falsity that gridlock in washington is welcomed and good because no regulation of, ie., fraud on wall street, etc., can be passed. How about a tax on stock trades to come directly from the traders' (traitors/frauds) bottom lines and provide a disincentive for the churn-and-earn fraud which is tantamount to a wasteful tax on the economy. Even token Christian paulison from jew fraud wall street couldn't stem the tide against the blatent zionist/neocon/bush co failure accross the board as the wall street frauds show record profits financed, albeit indirectly, by huge deficits, both trade and budget. Obfuscating mergers blur the picture to provide cover for up move talking points in defiance of reality.� Stagflation and full employment revisions pre-election.....riiiiight. Productivity comes in at a less than expected 0 (inflationary). The only surprise should have been that the number wasn't negative. The pundits are now saying that the market/wall street fraud is in a state of denial regarding economic fundamentals and that the market is substantially overbought, overvalued, overfrauded, over, etc., the manufacturing index coming in lower than expectations. Consumer sentiment unexpectedly fell.....daaaaah. Pre-election core inflation rate report good �..riiiiight�..but savings rate still negative and walmart sales/profits/outlook substantially below expectations but what the heck, they�re wallstreet lunatics/frauds and reality is no problem. Despite pre-election deficit spending, GNP comes in a less than expected paltry 1.6% increase with worthless falling dollar the catch-22 precluding reality avoidance and the worst yet to come. More nations leaving the worthless dollar as reserve currency even as frauds on wall street reach new highs (What are they smoking? Coking? or like the dollar just cracking) based on corporate welfare flows with money the nation doesn't have pre-election (record deficits). Housing prices continue their sharp decline as bubble deflates. GM only lost 115 million. Ford lost 5.8 billion and must restate earnings back to year 2000 is a bullish sign in the fraudulent alice-in-wonderland lunatic world of wall street. Typical pre-fed meeting rally to provide a cushion for any negative pronouncements which reality would require but are seldom forthcoming by the accommodative frauds who have similarly embraced unreality. Indeed, the gutless wimps of wall street think they're "tough" when they fraudulently take the market higher despite a clearly contrary fact based reality. Caterpillar relates the pervasive reality and the frauds on wallstreet intimidate same with sell off, ignoring pervasive options scandal/fraud and rallies Merck despite lower than expectation results.....riiiiight! Election year corporate welfare to prime the pump and the mock stock market with money the nation doesn�t have (increasing already huge deficits). CPI figures (upon which government inflation adjusted payment obligations are based) lower than expected�..riiiiight! Intel earnings/revenues down sharply but according to the lunatic frauds on wall street, beat expectations and stock rallies along with yahoo which as in the pre-dot com bust days says better days are a coming�.. riiiiight Core inflation rate which is closely watched by the Fed exceeds all expectations. Fraud Merrill Lynch has really been pushing and commissioning that worthless paper and reports record earnings, despite having produced nothing and for very little if any value added (that ill-gotten money has to come from somewhere-your pockets?). The big economic report awaiting scrutiny was the monthly trade deficit which was expected to narrow but in fact INCREASED to 69.9 billion. The alice-in-wonderland lunatic wall street frauds rallied on the news as the dollar precipitously fell. The Fed Chairman said there is a "substantial correction" in housing, which will probably shave about 1% off growth in the second half of the year. The Institute of Supply Management said its services index fell to 52.9 in September -- the lowest level since April 2003. Great News�.. riiiiight!..... Consumer Confidence Higher Than Expected... riiiiight!..... and housing starts were down sharply but not-as-bad-as-expectations game in play US Existing Home Sales Fall 0.5% in August; Sales Price Drops Existing-home prices fall for 1st time in 11 years along with fed jaw-boning pre-election that inflation has been licked .....riiiiight �..despite printing worthless dollars like they�re going out of style because they really are! Fed did nothing and stocks rallied, pre-election.....riiiiight! What about the reality of u.s. debt service at a record unsustainable $2 billion per day on a revolving $2 trillion charge account with ie., China, etc.. The fact that foreclosures are up and that there is projected new trade deficit record, fake government inflation numbers for election year purposes, housing starts down 6% means little to the alice-in-wonderland lunatic frauds of wall street and the so-called pundits including yahoo below. Almost all computerized volume is and must be considered heavy, manipulated, economically wasteful volume [stocks move contrary to rational analytical facts (ie., exceeded lowered expectations, things so bad interest rates can�t rise, exceeded expectations, no earnings but outlook extraordinary, the fed says booo as they print more worthless dollars to finance deficits, etc. ) is money in the bank for the frauds on wall street when they unwind said irrational positions ]. Philadelphia Federal Reserve announces that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, leading economic indicators fall .2%, and previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows with b**l s**t from Yahoo (which didn�t even reference the record unanticipated trade gap):

There is nothing to rationally justify the previous up move or mixed results in the market other than what is tantamount to a negative, and based upon spurious data from the government; ie., fake government numbers said total PPI rose a smaller than expected 0.1% (consensus 0.4%) in July, which was well below the 0.5% jump in June, while the more closely watched core rate (ex-food and energy) unexpectedly (RIIIIIGHT!) fell 0.3% (consensus +0.2%) -- the first decline since October and the largest drop since a 0.5% decline in April 2003. Home Sales Decline in 28 States, D.C.. Real estate prices down/stagnant. But housing stocks�..up.....riiiiight!.....in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down.� Martin Crutsinger, AP Economics Writer, previously wrote,� U.S. Trade Deficit Falls 0.3 Percent in June to $64.8B, Offsetting Jump in Chinese Imports. Dell Recall Stems From sony Production Flaw� WASHINGTON (AP) -- America's trade deficit showed a slight improvement as strong global growth pushed U.S. exports to a record level. That helped offset a surge in Chinese imports and record crude oil prices. The deficit declined 0.3 percent in June, compared with May, dropping to $64.8 billion, still the fifth largest imbalance on record, the Commerce Department reported Thursday. The deficit is running at an annual rate of $768 billion through the first six months of this year, putting the country on track to see a fifth straight record imbalance. Last year's deficit was $716.7 billion. Prior considerations remain apposite in this clearly overvalued market. The frauds on wall street feel compelled to continue their tradition/superstition/fraud tactic of buying on the rumor and selling on the news (fact) of the Fed�s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money.� Yahoo previously commented: Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance....., to which I responded, Wild..... I�ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported and will now join gm in worker buyouts; but both GM and Ford will now offer built-in ipods which should substantially help their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Analyst says GM good news now behind it (past/discounted), yet stock still rose upon said analysis �..riiiiight�.. daaaaah! Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal, maybe even suspension, that has cast a harsh light on Silicon Valley's compensation practices. Don�t forget that GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland lunatic world of wall street is of course good news. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid (approx.) 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it�s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very commissionable (investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $61; yes, as in the last crash, they will get fooled again� as stocks up sharply in the fraudulent alice-in-wonderland lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the pundits/analysts are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley (who also says that in Europe bush�s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the �better than expectations� game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. Spotlight on the Stock Option Scandal-The share prices of companies involved in stock options backdating have held up well compared to the broader market. But shareholders might be in for a rougher ride. Plus, why the Nasdaq has its hands full. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived pearl harbor effect)/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/ and the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what�s up is down and what�s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they�ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin� to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don�t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)

"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006

WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):

The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

Full Moons, Fraud, and Lunatics. What More Can Be Said.

Jeremy Grantham: All the World's a Bubble By Brett Arends

Jeremy Grantham: All the World's a Bubble By Brett Arends

Jeremy Grantham: All the World's a Bubble By Brett Arends

Investors Hope for Continued Rise on Dow AP - With the Dow Jones industrial average moving past the 13,000 mark for the first time, investors will likely be searching for a catalyst to send the markets higher.

Options Troubles at Apple Remain AP - Apple Inc., on a tear with its popular iPod players and Macintosh computers, is expected to report strong quarterly results Wednesday but will face lingering worries over the role its iconic CEO played in its stock options backdating troubles.

Toyota Tops GM in 1Q Global Auto Sales AP - Toyota Motor Corp. became the world's top auto seller in the first three months of the year, passing rival General Motors Corp. for the first time, the Japanese automaker said Tuesday.

Dow Closes Above 12,800 for First Time AP - The Dow Jones industrial average closed above 12,800 for the first time Wednesday, signaling Wall Street's recovery from its steep decline in February as investors rewarded companies with strong earnings.

Yahoo Disappointing 1Q Drags Down Stock AP - Investors were falling in love with Yahoo Inc. again until the Internet icon's disheartening first-quarter results ruined the mood.

Restructuring Cuts Citi's 1Q Profit AP - Despite strong growth in revenue, profit at Citigroup Inc. fell 11 percent in the first quarter as the nation's largest financial institution took a charge to cover a massive restructuring aimed at improving earnings.

Google to Acquire DoubleClick for $3.1B AP - Seeking to expand its already well-honed ability to sell targeted Internet advertisements, online search leader Google Inc. said it has agreed to pay $3.1 billion in cash to acquire ad-management technology company DoubleClick Inc.

Morgan Stanley Buys 13 Hotels for $2.4B AP - Morgan Stanley is buying 13 hotels from Japanese carrier All Nippon Airways Co. for 281 billion yen , the airline said Friday, in a transaction that would roughly double the U.S. investment bank's portfolio of hotels in Japan.

Alcoa's 1st-Quarter Profit Rises 9 Pct. AP - Record aerospace industry demand and higher metal prices helped lift Alcoa Inc.'s first-quarter profits nearly 9 percent, as the aluminum maker kicked off earnings season and gave Wall Street its first taste of how companies have fared so far this year.

Martha Stewart Relaunching Web Site AP - Domesticity diva Martha Stewart aims to parlay her authoritative voice on everything about lifestyle to the millions of women who surf the Internet with the relaunch of her namesake Web site.

Consumer Confidence Falls for 2nd Month AP - Consumer confidence sank to a six-month low as higher gasoline prices, a housing slump and stock market turbulence made people fret more about the economy.

Anschutz to Testify in Nacchio's Defense AP - Billionaire Philip Anschutz, who hired Joe Nacchio to turn Qwest Communications into a major telecommunications company, has been chosen to kick off the defense's case in Nacchio's insider trading trial.

DaimlerChrysler in Talks About Chrysler AP - Confirming weeks of conjecture and rumor, DaimlerChrysler AG's chairman said Wednesday that it has been in talks with people about the sale of its struggling Chrysler unit.

Tribune OKs $8.2 Billion Offer From Zell AP - Real estate mogul Sam Zell has bested his billionaire competitors, scoring media conglomerate Tribune Co. after a down-to-the-wire bidding war.

Recall Expanded to Some Dry Cat Food AP - The recall of pet foods contaminated with a chemical used to make plastics has grown to include both wet and dry products, even as investigators remain uncertain about why the substance would be fatal to dogs and cats.

Dell Says Audit Found Accounting Errors AP - In the most serious admission yet of the extent of Dell Inc.'s financial woes, the company's internal audit committee said it has found a number of accounting errors and evidence of misconduct in its months-long review of previous earnings statements.

Ex-Qwest CEO Accused of Concealing $90M AP - Former Qwest Communications chief executive Joe Nacchio, on trial for insider trading, attempted to hide $90 million in assets by transferring stock into accounts held solely by his wife, according to a prosecution motion made public Wednesday.

Wall Street Slides on Economy Worries AP - Stocks stumbled Tuesday as investors grew wary when new data raised the possibility that the nation's weak housing market would seep into the broader economy and crimp consumer spending.

Wal-Mart Increases Charitable Donations AP - Wal-Mart Stores Inc. increased its U.S. charitable giving 10 percent last year to $272.9 million, the world's largest retailer said Tuesday, likely defending its position as the country's largest corporate donor of cash.

Rat Poison Found in Tainted Pet Food AP - Rat poison was found in pet food blamed for the deaths of at least 16 cats and dogs, but scientists said Friday they still don't know how it got there and predicted more animal deaths would be linked to it.

Calif. Farm Sues Taco Bell for Libel AP - The Southern California farm that grew the green onions that were first linked to and then cleared in last year's E. coli outbreak has filed a libel lawsuit against Taco Bell Corp.

Jeremy Grantham: All the World's a Bubble
By Brett Arends

Jeremy Grantham: All the World's a Bubble
By Brett Arends

Jeremy Grantham: All the World's a Bubble
By Brett Arends

Investors Hope for Continued Rise on Dow
AP - With the Dow Jones industrial average moving past the 13,000 mark for the first time, investors will likely be searching for a catalyst to send the markets higher.

Options Troubles at Apple Remain
AP - Apple Inc., on a tear with its popular iPod players and Macintosh computers, is expected to report strong quarterly results Wednesday but will face lingering worries over the role its iconic CEO played in its stock options backdating troubles.

Toyota Tops GM in 1Q Global Auto Sales
AP - Toyota Motor Corp. became the world's top auto seller in the first three months of the year, passing rival General Motors Corp. for the first time, the Japanese automaker said Tuesday.

Dow Closes Above 12,800 for First Time
AP - The Dow Jones industrial average closed above 12,800 for the first time Wednesday, signaling Wall Street's recovery from its steep decline in February as investors rewarded companies with strong earnings.

Yahoo Disappointing 1Q Drags Down Stock
AP - Investors were falling in love with Yahoo Inc. again until the Internet icon's disheartening first-quarter results ruined the mood.

Restructuring Cuts Citi's 1Q Profit
AP - Despite strong growth in revenue, profit at Citigroup Inc. fell 11 percent in the first quarter as the nation's largest financial institution took a charge to cover a massive restructuring aimed at improving earnings.

Google to Acquire DoubleClick for $3.1B
AP - Seeking to expand its already well-honed ability to sell targeted Internet advertisements, online search leader Google Inc. said it has agreed to pay $3.1 billion in cash to acquire ad-management technology company DoubleClick Inc.

Morgan Stanley Buys 13 Hotels for $2.4B
AP - Morgan Stanley is buying 13 hotels from Japanese carrier All Nippon Airways Co. for 281 billion yen , the airline said Friday, in a transaction that would roughly double the U.S. investment bank's portfolio of hotels in Japan.

Alcoa's 1st-Quarter Profit Rises 9 Pct.
AP - Record aerospace industry demand and higher metal prices helped lift Alcoa Inc.'s first-quarter profits nearly 9 percent, as the aluminum maker kicked off earnings season and gave Wall Street its first taste of how companies have fared so far this year.

Martha Stewart Relaunching Web Site
AP - Domesticity diva Martha Stewart aims to parlay her authoritative voice on everything about lifestyle to the millions of women who surf the Internet with the relaunch of her namesake Web site.

Consumer Confidence Falls for 2nd Month
AP - Consumer confidence sank to a six-month low as higher gasoline prices, a housing slump and stock market turbulence made people fret more about the economy.

Anschutz to Testify in Nacchio's Defense
AP - Billionaire Philip Anschutz, who hired Joe Nacchio to turn Qwest Communications into a major telecommunications company, has been chosen to kick off the defense's case in Nacchio's insider trading trial.

DaimlerChrysler in Talks About Chrysler
AP - Confirming weeks of conjecture and rumor, DaimlerChrysler AG's chairman said Wednesday that it has been in talks with people about the sale of its struggling Chrysler unit.

Tribune OKs $8.2 Billion Offer From Zell
AP - Real estate mogul Sam Zell has bested his billionaire competitors, scoring media conglomerate Tribune Co. after a down-to-the-wire bidding war.

Recall Expanded to Some Dry Cat Food
AP - The recall of pet foods contaminated with a chemical used to make plastics has grown to include both wet and dry products, even as investigators remain uncertain about why the substance would be fatal to dogs and cats.

Dell Says Audit Found Accounting Errors
AP - In the most serious admission yet of the extent of Dell Inc.'s financial woes, the company's internal audit committee said it has found a number of accounting errors and evidence of misconduct in its months-long review of previous earnings statements.

Ex-Qwest CEO Accused of Concealing $90M
AP - Former Qwest Communications chief executive Joe Nacchio, on trial for insider trading, attempted to hide $90 million in assets by transferring stock into accounts held solely by his wife, according to a prosecution motion made public Wednesday.

Wall Street Slides on Economy Worries
AP - Stocks stumbled Tuesday as investors grew wary when new data raised the possibility that the nation's weak housing market would seep into the broader economy and crimp consumer spending.

Wal-Mart Increases Charitable Donations
AP - Wal-Mart Stores Inc. increased its U.S. charitable giving 10 percent last year to $272.9 million, the world's largest retailer said Tuesday, likely defending its position as the country's largest corporate donor of cash.

Rat Poison Found in Tainted Pet Food
AP - Rat poison was found in pet food blamed for the deaths of at least 16 cats and dogs, but scientists said Friday they still don't know how it got there and predicted more animal deaths would be linked to it.

Calif. Farm Sues Taco Bell for Libel
AP - The Southern California farm that grew the green onions that were first linked to and then cleared in last year's E. coli outbreak has filed a libel lawsuit against Taco Bell Corp.