Full Moons, Fraud, and
Lunatics. What More Can Be Said.
 NEWS FLASH: Direct from Lost Angeles Learning
Annex – Presenting mobster t_rump of new yoke, new joyzey, and now
caleefornia mob fame with his continuing message for the past several years:
buy real estate (and watch the values go down…..riiiiight!).
Bank sues Trump over
Chicago tower loan...
Trump casino to miss
interest payment...
trump’s fired
Gunfire Erupts
Inside trump Taj Mahal Casino, 1 Dead - Second Such Incident In A Year At
N.J. Mainstay Ends With Employee Killed – What else would you you expect from
a mobster’s casino in mob-infested jersey!
Trump luxury resort folds,
leaving buyers defrauded…litigation has commenced…send for sister maryanne,
the corrupt federal judge to preside, coverup, etc., she’s in n.y./n.j./pa 3rd circuit ct appeals,
understands drug money laundering/fraud and handles her own motions to recuse
her and like mobster trump should be in jail
... (see RICO Case)
(9-1-09)
Dow
9,311 -186 To stamp out fraud, no change from suckers’ rally worth
reporting for second, third, fourth weeks of March and April -436 for the first week of March -12% for the month of February -8.8% (-775) for the
month of January -1% for fourth week of
January -2.5% for third week of January -4% for second week of January -5% for first full week of
January -34% for the year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1968 -40 To stamp out fraud, no change from
suckers’ rally worth reporting for second, third, fourth weeks of March and April -84 for
the first week of March -7% for the month of
February -6.4% (-101) for the month of
January -1% for fourth week of January
-3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P
500 998 -22 To stamp out fraud, no change from
suckers’ rally worth reporting for second,
third, fourth weeks
of March and
April -52 for the first week of March -11%
for the month of February -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $68.05
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.76 (reg. gas in LAND
OF FRUITS AND NUTS $3.05 REG./ $3.16
MID-GRADE/ $3.25 PREM./ $2.95 DIESEL)/
GOLD $956 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $15.06
PLATINUM $1,226 / DOLLAR= .69 EURO, 92 YEN, .59 POUND STERLING, ETC. (How low
can you go - LOWER)/ 10 YR NOTE YIELD 3.45% …..… AP Business Highlights … ...Yahoo Market Update... ]
YAHOO - BRIEFING.COM Weekly Recap
Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Must Read
Economic/Financial Data This Depression is
just beginning The Next Wave of Collapse is Coming Sooner than you think
STILL ABSOLUTELY,
ABSURDLY, RIDICULOUS! STILL GREAT OPPORTUNITY TO SELL / TAKE PROFITS WHILE YOU
CAN IN THIS UNIQUELY PREPOSTEROUS AND FRAUDULENT ENVIRONMENT WITH ONLY MODEST
LOSSES RELATIVE TO REALITY BASED ON FAKE DATA, BETTER THAN EXPECTATIONS MANTRA,
EVER MORE WORTHLESS WEIMAR DOLLAR, INCREASED FORECLOSURE SALES AND BEN (HE
STILL HAS A JOB - AS AMERICANS LOSE THEIRS) BERNANKE BULL S**T (REMEMBER HIS NO
RECESSION TALKS, MANY OF THEM, TO FROTH THE MARKET THEN AS NOW AND HOW MANY
SUCKERS’ POINTS TO THE UPSIDE THEREFROM – WHAT TOTAL BULL S**T, WHAT FRAUDS!)
EVEN AS ECONOMIST KELLNER JOINS THE RATIONAL CROWD SAYING ECONOMY WILL COLLAPSE
UNDER ITS OWN WEIGHT IN 2010 AND CONTINUED BAD NEWS [ INSIDERS ARE DUMPING STOCK Insiders
Selling Stocks at Highest Level Since May 2008 (8-31-09) INSIDERS CONTINUE TO SELL, SELL, SELL (AT
SEEKING ALPHA 8/13/09) PAPER: FRESH ALERT ON GLOBAL
STOCK MARKETS... The Great
Depression and Today - Sobering Parallels Abound Roubini: “When Governments
Reach the Point Where They Are Borrowing to Pay the Interest on Their Borrowing
They Are … Running a Ponzi Scheme” Economic Collapse: Bank Runs, China, Peter Schiff,
Gerald Celente, Max Keiser Goldman
Sachs Wrong on Economic Recovery, Macro Hedge Funds Say The Coming Deposit Insurance Bailout Russian Professor: Collapse Of America Could Begin In
Two Months The
$531 Trillion Dollar Derivatives Time Bomb Dollar
Is Funny Money in Push for World Currency: Kevin Hassett Commercial
Real Estate Next Mortgage Crisis Federal
Reserve made $14 billion on turmoil loans Banks' struggles have
worsened... Lehman claims could reach $100 billion: PwC [$$] Raft of Deals for Failed Banks Puts U.S. on Hook for
Billions (at The Wall Street Journal Online) Three more banks fail; 2009 total hits 84 Goldman "Trading Huddles" Expose
Fiction of Level Playing Field 1,000 Banks to Fail In Next Two Years AP sources: $2 trillion higher deficit projected (AP) Judge
Orders Fed To Disclose Who Received Bailout Trillions Zero Hedge Claims that the
Federal Reserve ITSELF Traded Over a Trillion Dollars Worth of Derivatives in
March Alone Geithner: Auditing the Fed is a “line that we don’t want
to cross” The Federal Reserve Must Die “True Deleveraging Has Not
Begun Yet Because Losses of Financial Institutions Have Been Socialized” Obama Predicts Unemployment,
Deficits Far Worse Than Previously Stated... Grim... "Artificially Sweetened" Market Could Face
"Seismic Readjustment," Harrison Says Official: Real unemployment
rate at 16%... WSJ: Dollar Steadily Losing
Influence... Senator warns of
hyperinflation... Failed banks mount; Ga, Ala, and large Texas banks shut Learn
to Love the Depression US jobless claims in surprise jump for second week WHY DO EQUITY MARKETS DISAGREE WITH
THE DATA? Brookings “Experts” Admit Stimulus a Bust Analyst warns of 150-200 more U.S. bank failures Government Revises Deficit Estimates Again: We Will Exceed
Expectations Manufacturing Jobs Drop To Lowest Level Since 1941 What rebound? Foreclosures rise as jobs and income drop Fed to Steal State Pension Funds IMF Says You’ll Have to Pay More Taxes The risk of continuing depression rising CALPERS IS UNSUSTAINABLE What rebound? Foreclosures
rise... Grab Your Shorts, The Correction Has Begun THE
SECOND WAVE OF THE DEPRESSION: HYPERINFLATION IS LIKELY THE FDIC IS BROKE. NOW WHAT? (PART II) DOLLAR TO DECLINE AMID
CONCERN AS IT 'LOSES RESERVE STATUS'... JOBLESS
SPIKE COMPOUNDS FORECLOSURE CRISIS STOCKS
SLIDE ON ECONOMY CONCERN WORLD STOCKS, OIL TUMBLE ON U.S. FRAUD EXPOSURE AND CONSUMER
WORRIES Connecticut
Not Learning the Right Lessons from California Weekly Market Outlook: Commercial Real Estate Continues to
Deteriorate Retail sales fall, new jobless claims rise
(Reuters) US
Home Foreclosures Set Another Record in July Colonial BancGroup shut down by
federal officials (largest bank failure this year) (AP) Economist:
Claim that Economy Has Recovered “Is Like Somebody Borrowing Money from Their
Uncle and Then Celebrating that Their Income Has Gone Up” ]
PERSONAL & BUSINESS BANKRUPTCIES UP, WORTHLESS WEIMAR DOLLAR DOWN,
FORECLOSURES UP (32% YOY AND 7% MOM AT NEW RECORD, 50% HOMES UNDERWATER,
COMMERCIAL TO FOLLOW), CONFIDENCE REALISTICALLY DOWN, $100+ OIL AROUND CORNER
(2010-HOGAN); CELENTE-DEPRESSION NOW UNDERWAY
Bob Prechter Quite Sure Next Wave Down Will Be Bigger
and March Lows Will Break Gerald Celente 2.5 Million Jobs Lost Since Obama’s
Presidency PAPER: Fresh alert on global
stock markets...
TO KEEP SUCKERS SUCKERED [ Insiders Continue to Sell, Sell, Sell (at Seeking Alpha –
8/13/09) (7-29-09) Insiders Selling at Alarming
Levels Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [Tarp banks award billions in bonuses... Goldman Sachs on pace for record bonuses: report
(Reuters) Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly Max Keiser: Prosecute the Bankster Crime Syndicate The Market's Horoscope:
Downside Correction ! [ Entering
the Greatest Depression in History Andrew Gavin
Marshall | The crisis has many bubbles, all of which dwarf the
housing bubble burst of 2008. Geithner asks
Congress for higher U.S. debt limit U.S.
regulators close 3 banks, total now 72 US deficit
climbs to 1.3 trillion dollars This Depression is
just beginning The Next Wave of Collapse is Coming Sooner than you think
Back in the Great Depression of 1929 through the 1930’s, we saw
a similar Zig-zag pattern. There was a crash in 1929, followed by a nice rally,
but then the most devastating part of the market collapse followed into the 1930’s. Feds Hit With Biggest Tax Revenue Drop Since
1932... The Great Depression Two Continues There is no coincident data which is
demonstrating this recession is over. Some may be at the bottom, others have a
way to go… An Artifical
Recovery [$$] Why I Went Fully Into
Cash Bob Prechter "Quite Sure" Next Wave Down
Will Be Bigger and March Lows Will Break A REALITY CHECK ON U.S. 'ECONOMIC
RECOVERY' Jeff Nielson - U.S. equities
are rallying again today, and (as usual) it is a rally with no basis in
reality. Most of the enthusiasm comes from another
string of corporate quarterly results which “beat expectations”. I had hoped
that the sheep were starting to clue-in to this silly game, however it appears
there is a still a large pack of Pavlov's Dogs out there – who respond to their
propaganda cues without a moment of actual thought. The truth is that all of
the companies “beating expectations” are still reporting steadily worse results
year-over-year – and in many cases, much worse results. Among the few
exceptions are U.S. financial corporations. However, since accounting-fraud was
legalized in the United States (see “FASB strong-armed into mark-to-fantasy accounting”),
their bottom-lines have had absolutely no connection to their business
operations… The
Real Economy Versus the Make-Believe World of the Government and Financial
Giants In the real economy, unemployment is at
Depression-era levels. Top firms' pension funds plummet Consumer bankruptcies jump 34%
Nine Of Ten Sectors Overbought This Depression is
just beginning US companies
axe 371,000 jobs in July Half of U.S.
mortgages seen underwater by 2011... Recovery ‘not in sight’ says BMW ] CONTINUED
FRAUD WITH PROGRAMMED SUCKERS’ RALLY DESPITE NEW RECORD FOR CONTINUING
UNEMPLOYMENT CLAIMS AT 6.3 MILLION AND AS I WARNED, WATCH FOR FAKE REPORTS IN
DESPERATION – AND LABOR DEPT. CAME THROUGH WITH FAKE REPORT AND NEW LIE BASED
UPON PEOPLE STOPPED LOOKING FOR JOBS SO THEIR RATE 9.4 BUT OBAMA SAYS 10% -
REALITY IS UNEMPLOYMENT RATE IS WELL OVER 10%, THEN AIG SOARS ON “PROFIT” WITH
$87 BILLION IN TAXPAYER FUNDS TO PLAY WITH
[ Max Keiser: Prosecute the Bankster Crime Syndicate Insiders Continue to Sell, Sell, Sell (at Seeking Alpha) PAPER: Fresh alert on global
stock markets... Retail sales fall, new jobless claims rise (Reuters) US
Home Foreclosures Set Another Record in July (7-29-09)
Insiders Selling at Alarming Levels …Although the level of insider selling is certainly
alarming it's important to note that the very low levels of buying are
particularly alarming. Insiders sell stock for many reasons, but they generally
only buy stock for one reason: they believe the stock is going up. Despite the
fact the media is reporting an end to the recession, a bottom in housing and a
trough in earnings we are seeing a vote of zero confidence from the people who
know these companies better than anyone else…
Entering
the Greatest Depression in History Andrew Gavin
Marshall | The crisis has many bubbles, all of which dwarf the
housing bubble burst of 2008. Geithner asks
Congress for higher U.S. debt limit U.S.
regulators close 3 banks, total now 72 US deficit climbs
to 1.3 trillion dollars Causes of This Depression Yet To Be Addressed Further impoverishment is on the way. More
and more will be laid off and they’ll be no new jobs available. Savings will be
exhausted and most homes that have been financed will be under water. Some banks paid bonuses bigger than income: o This Depression is
just beginning You read that right! Only $400 billion
of that fantastic 6 month “green shoots” stock market rally came from money
market accounts. The rest ($2.3 trillion) was laundered through the banks and
other financial institutions to create the appearance of recovery and to raise
equity for underwater banks rather than forcing them into receivership (which
is where they belong) Bernanke probably knew that congress wouldn’t approve
another TARP-type bailout for dodgy mortgage-backed assets, so he settled on
this shifty plan instead. The only problem is, the banks are still broke,
business investment is at historic lows, consumers are on the ropes, the
unemployment lines are swelling, the homeless shelters are bulging, the pawn
shops are bustling, tent cities are sprouting up everywhere, and according to
MarketWatch, Corporate insiders have recently been selling their companies’
shares at a greater pace than at any time since the top of the bull market in
the fall of 2007.” Face it; the economy is in the crapper and Bernanke’s
trickery hasn’t done a lick of good. The Next Wave of Collapse is Coming Sooner than you think
Back in the Great Depression of 1929 through the 1930’s, we saw
a similar Zig-zag pattern. There was a crash in 1929, followed by a nice rally,
but then the most devastating part of the market collapse followed into the
1930’s. Bob Prechter "Quite Sure" Next Wave Down
Will Be Bigger and March Lows Will Break The
Real Economy Versus the Make-Believe World of the Government and Financial
Giants In the real economy,
unemployment is at Depression-era levels.
Top firms' pension funds plummet Consumer bankruptcies jump 34%
Nine Of Ten Sectors Overbought This Depression is
just beginning Feds Hit With Biggest Tax Revenue Drop Since
1932... The Great Depression Two Continues There is no coincident data which is
demonstrating this recession is over. Some may be at the bottom, others have a
way to go… An
Artifical Recovery [$$] Why I Went Fully Into
Cash US
food stamp list tops 34 million for first time The
Banks Own the Fed, and the Central Banks Own BIS AIG
breakup nets Wall Street $1 billion bonanza: report ‘Underwater’
Mortgages to Hit 48%, Deutsche Bank Says Oil price hits $76, highest
since October...
US companies axe 371,000 jobs in July Half of U.S.
mortgages seen underwater by 2011... Recovery ‘not in sight’ says BMW Half of U.S.
mortgages seen underwater by 2011... Recovery ‘not in sight’ says BMW Recession Worse Than Prior Estimates, Revisions Show Bloomberg | The first 12 months of the U.S.
recession saw the economy shrink more than twice as much as previously
estimated, reflecting even bigger declines in consumer spending and housing,
revised figures showed.
DO YOU REALIZE HOW MANY SUCKERS’ RALLY POINTS WERE ADDED BY THE FAKE NUMBERS
CONTRIBUTING TO THIS NEW COMMISSIONING BUBBLE! REVISED: ECONOMY 2X WORSE...
The government plans big revisions to historical economic
data... Developing... Regulators shut banks in
Fla., NJ, Ohio, Okla... WASHINGTON (7-31-09) (AP) -- Regulators on Friday shut down banks in Florida, New
Jersey, Ohio, Oklahoma and Illinois, boosting to 69 the number of federally
insured banks to fail this year amid the pressures of the weak economy and
mounting loan defaults. PhD
Economist: Fed has Caused Soaring Unemployment, Millions of Foreclosures,
Millions Losing Life Savings and More than $6 Trillion in Lost Output DOLLAR DROPS TO '09 LOW...
Unemployment spreads distress in U.S. home loans Weak Treasury Auctions Raise Worries About Debt
Burden... [$$] Senate
Probes Banks for Meltdown Fraud (at The Wall Street Journal Online) Even Bernanke Admits this Could be Worse than the Great
Depression Senate probes Goldman,
Deutsche: report (Reuters)
The Real Unemployment Rate Hits a 68-Year High 2009 Looking More Like 1929 Dollar Falls to
2009 Low... U.S. Markets Decline After
Weaker Than Expected Data A REALITY CHECK ON U.S.
'ECONOMIC RECOVERY' Jeff Nielson - U.S.
equities are rallying again today, and (as usual) it is a rally with no basis
in reality. ] AND NOTHING REAL OR
POSITIVE AT ALL (IE., STILL NO PROSECUTIONS OF THE FRAUDS ON WALL STREET SO
JUST ANOTHER BUILT-IN COST BY CHURN-AND-EARN COMMISSIONS TO, DEFACTO TAX ON
NON-PERFORMING / DECLINING ECONOMY, DURABLE GOODS DOWN/FORECLOSURES UP,
CONFIDENCE REALISTICALLY DOWN, CORRUPT COMMERCE DEPARTMENT CHIMES IN WITH FAKE
NUMBERS, USED HOME SALES UP WITH DEFAULTS/ SHORT SALES, JOB LOSSES UP, BETTER
THAN EXPECTED MANTRA, GUIDANCE THAT DEFIES REALITY BY A LONG SHOT AS IN LAST
COMMISSIONABLE BUBBLE BUST, JOB/COST CUTS TO BONE, ETC.) ( Max Keiser: Prosecute the Bankster Crime Syndicate Max
Keiser: Goldman Sachs Are “Scum,” “Financial Terrorists” Bank profits not as impressive as they seem
when you take into account TARP funding, changed accounting rules to fudge
books, new stock issues, etc… um Cost
Of Bailout Hits A Whopping $24 Trillion Dollars Entering
the Greatest Depression in History Andrew Gavin
Marshall | The crisis has many bubbles, all of which dwarf the
housing bubble burst of 2008. Geithner asks
Congress for higher U.S. debt limit U.S.
regulators close 3 banks, total now 72 US deficit climbs
to 1.3 trillion dollars Stearns Crucifies Paulson On Bailout Bait And Switch
Fiscal ruin of the Western world beckons Foreign Embassies Urged to Stockpile Local Currencies
Bailout
Overseer Says Banks Misused TARP Funds Regulators shut banks in Calif., Ga. and SD ) TO KEEP
SUCKERS SUCKERED [ (7-29-09) Insiders Selling at Alarming
Levels Insiders Exit Shares at the
Fastest Pace in Two Years Bob Prechter "Quite Sure" Next Wave Down
Will Be Bigger and March Lows Will Break ] AND COMMISSION
DOLLARS FLOWING [Tarp banks award billions in bonuses... Goldman Sachs on pace for record bonuses: report
(Reuters) Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly Max Keiser: Prosecute the Bankster Crime Syndicate Corporate
Media Spotlights Distortion of Market by High Frequency Trading [$$] Big Pay
Packages Return to Wall Street as new fraud gains steam (at The Wall Street
Journal Online) Max Keiser: Goldman Sachs
gang are ’scum’ who have co-opted U.S. gov’t Max
Keiser: Goldman Sachs Are “Scum,” “Financial Terrorists” Max Keiser goes on the offensive during an
appearance on France 24 as he slams Goldman Sachs as “scum” and “financial
terrorists” who should be thrown in jail.
‘Printing
money will lead to serious problems down the road,’ says Jim Rogers Spitzer: Federal Reserve is ‘a
Ponzi scheme, an inside job’ 2009 Looking More
Like 1929 AIG
breakup nets Wall Street $1 billion bonanza: report ] BASED ON
CONTINUED BAD NEWS ( ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF
RECOVERY... Scams
And Bailouts The Cause of World Depression Insiders Continue to Sell, Sell, Sell (at Seeking Alpha
8/13/09) PAPER: Fresh alert on global
stock markets... Retail sales fall, new jobless claims rise (Reuters) US
Home Foreclosures Set Another Record in July (7-29-09) Insiders Selling at Alarming
Levels Entering
the Greatest Depression in History Andrew Gavin
Marshall | The crisis has many bubbles, all of which dwarf the
housing bubble burst of 2008. The
Market's Horoscope: Downside Correction Geithner asks
Congress for higher U.S. debt limit U.S.
regulators close 3 banks, total now 72 US deficit climbs
to 1.3 trillion dollars Causes of Depression Yet To Be Addressed Further impoverishment is on the way. More
and more will be laid off and they’ll be no new jobs available. Savings will be
exhausted and most homes that have been financed will be under water. Some banks paid bonuses bigger than income: o This Depression is
just beginning You read that right! Only $400 billion
of that fantastic 6 month “green shoots” stock market rally came from money
market accounts. The rest ($2.3 trillion) was laundered through the banks and
other financial institutions to create the appearance of recovery and to raise
equity for underwater banks rather than forcing them into receivership (which
is where they belong) Bernanke probably knew that congress wouldn’t approve
another TARP-type bailout for dodgy mortgage-backed assets, so he settled on
this shifty plan instead. The only problem is, the banks are still broke,
business investment is at historic lows, consumers are on the ropes, the
unemployment lines are swelling, the homeless shelters are bulging, the pawn shops
are bustling, tent cities are sprouting up everywhere, and according to
MarketWatch, Corporate insiders have recently been selling their companies’
shares at a greater pace than at any time since the top of the bull market in
the fall of 2007.” Face it; the economy is in the crapper and Bernanke’s
trickery hasn’t done a lick of good. The Next Wave of Collapse is Coming Sooner than you think
Back in the Great Depression of 1929 through the 1930’s, we saw
a similar Zig-zag pattern. There was a crash in 1929, followed by a nice rally,
but then the most devastating part of the market collapse followed into the
1930’s. Feds Hit With Biggest Tax Revenue Drop Since
1932... The Great Depression Two Continues There is no coincident data which is
demonstrating this recession is over. Some may be at the bottom, others have a
way to go… An
Artifical Recovery [$$] Why I Went Fully Into
Cash Bob Prechter "Quite Sure"
Next Wave Down Will Be Bigger and March Lows Will Break The
Real Economy Versus the Make-Believe World of the Government and Financial
Giants In the real economy, unemployment is at
Depression-era levels. US companies
axe 371,000 jobs in July Half of U.S. mortgages seen underwater by 2011...
Recovery ‘not in sight’ says BMW Top firms' pension funds plummet Consumer bankruptcies jump 34%
Nine Of Ten Sectors Overbought This Depression is
just beginning US
food stamp list tops 34 million for first time The
Banks Own the Fed, and the Central Banks Own BIS AIG
breakup nets Wall Street $1 billion bonanza: report ‘Underwater’
Mortgages to Hit 48%, Deutsche Bank Says Oil price hits $76, highest
since October...
US companies axe 371,000 jobs in July Half of U.S.
mortgages seen underwater by 2011... Recovery ‘not in sight’ says BMW Unemployment spreads distress in U.S. home loans Cities in the U.S. Sun Belt states of
California, Florida, Nevada and Arizona dominated the record foreclosure spree
in the first half of the year, but distress in other regions emerged as
joblessness spread, RealtyTrac said on Thursday. Recession
Worse Than Prior Estimates, Revisions Show Bloomberg | The
first 12 months of the U.S. recession saw the economy shrink more than twice as
much as previously estimated, reflecting even bigger declines in consumer
spending and housing, revised figures showed. Do you realize how many suckers’
rally points were added by the fake numbers contributing to this new
commissioning bubble! REVISED: ECONOMY 2X WORSE...
The government plans big revisions to historical economic
data... Developing... Regulators shut banks in
Fla., NJ, Ohio, Okla... WASHINGTON (AP) -- Regulators on Friday shut down banks in Florida, New
Jersey, Ohio, Oklahoma and Illinois, boosting to 69 the number of federally
insured banks to fail this year amid the pressures of the weak economy and
mounting loan defaults. PhD Economist:
Fed has Caused Soaring Unemployment, Millions of Foreclosures, Millions Losing
Life Savings and More than $6 Trillion in Lost Output DOLLAR DROPS TO '09 LOW... 75%
Favor Auditing The Fed Tarp banks award
billions in bonuses... The Real Unemployment Rate Hits a 68-Year High 2009 Looking More Like 1929 Dollar Falls to
2009 Low... Six Georgia banks
fail, bringing year tally to 64.... Rally may cool on earnings reality check Dollar Falls to Near 2009 Low as Economy Pares Refuge
Demand Ben
Bernanke Was Wrong Wall
Street’s Love Affair with Ben Bernanke Mike Whitney | bernanke knows that the country is in a Depression
Scams
And Bailouts The Cause of World Depression New US weekly jobless claims jump Its Official: U.S. Trapped in an Extended Depressionary
Cycle MICROSOFT Profit Drops 29% as
PC Slowdown Weighs on Revenue… they haven’t availed themselves of the fake
assets/books legislation recently passed... AMAZON.COM Profit
Drops 10%... Bernanke:
“I Don’t Know” Which Foreign Banks Were Given Half a Trillion Paul Joseph Watson Grayson grills Fed chairman on destination of credit
swaps. Fed:
unemployment will top 10 percent this year... Foreclosures (those increased home
sales that has been fueling suckers’ rally)
rise 15 percent in first half of 2009 (7-17) Three more banks
fail, bringing 2009 tally to more than double all of 2008 at a total thus far
of 57 Lower Markets on the Horizon Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly The Ultimate Insider Trading Scheme Max Keiser: Goldman Sachs
gang are ’scum’ who have co-opted U.S. gov’t Cost
Of Bailout Hits A Whopping $24 Trillion Dollars Stearns Crucifies Paulson On Bailout Bait And Switch
Fiscal ruin of the Western world beckons Foreign Embassies Urged to Stockpile Local Currencies
Bailout
Overseer Says Banks Misused TARP Funds TARP watchdog says Treasury lacking bank data Goldman Sachs
caused the problems in the first
place… Who can deny that? Budget deficit tops $1 trillion for first time
(AP) CIT Watch: Analysts Says Debt Load Isn't the
Only Problem Geithner Refuses to Rule Out
Continuing Using American Taxpayer as Piggy Bank for Derivatives Losses
WHITE
HOUSE ECON ADVISER CLAIMS SUCCESS: FEWER PEOPLE SEARCHING 'ECONOMIC DEPRESSION'
ON GOOGLE BECAUSE EXPERIENCING IT FIRST-HAND THEY ALREADY KNOW WHAT ECONOMIC
DEPRESSION IS... What
Economy? There’s Nothing Left to Recover There is no economy left to recover. The US manufacturing economy
was lost to offshoring and free trade ideology. It was replaced by a mythical
“New Economy “ ; less bad, not as bad as expected…riiiiight!, tarp money
for the commission frauds on wall street in new manufactured bubble as
actual/real manufacturing down again; consumer confidence down,
commercial loans begin default phase of downturn, 6.9 million continuing
unemployment claims for new record; retail sales down sharply A REALITY CHECK ON U.S. 'ECONOMIC
RECOVERY' Jeff Nielson - U.S. equities
are rallying again today, and (as usual) it is a rally with no basis in
reality. Economist:
FDIC gearing up for bank closures Goldman Sachs Admits Its Software Can “Manipulate Markets
in Unfair Ways and fraudulently generate commissions /trade volume” Max Keiser: Goldman Sachs gang
are ’scum’ who have co-opted U.S. gov’t You Tube | Goldman Sachs are scum– that’s the bottom line.
They have co-opted the government, the Treasury Department and the Federal
Reserve’s functionality. They’ve co-opted the Obama administration & Barack
Obama dances to Goldman Sachs’ tune. True unemployment rate already at 20% This Depression
Will Last For Years Wyoming sees
first bank failure since 1991 China
criticizes dollar AIG Preparing to Pay New
Round of Bonuses... While Talking About Keynesian Stimulus, Feds Are Really
Just Giving Money to the Big Frauds
FDIC
Insurance Fund: It Doesn’t Actually Exist Replacing the dollar as reserve currency US loses 467,000 jobs, unemployment at 9.5% 'We're in the Middle of a Crash': Black Swan... Economic
Expectations – Unemployment Rate Will Reach 15% David Tice: We are going into a depression-15%
unemployment or more on horizon. U.S. consumers fall behind on loans at
record pace FBI: Mortgage
fraud 'rampant' and growing... Celente and Schiff
Predict Food Panic This Year. Watch clips HERE. Fema Camps Built. Wall Street hits 10-week low amid talk of new
stimulus (7-2)Seven more banks fail,
bringing 2009 tally to more than double all of 2008 at a total thus far of 52;
Private sector sheds another 473,000 jobs in June... US lurching towards ‘debt
explosion’ with long-term interest rates on course to double Jim Rogers Sells Dollars, Plans
to Short Treasuries ‘Sucker’s Rally Beginning To Unwind’ daaaah…? Calls grow to supplant dollar as global currency China officials
call for displacing dollar, in time Tracking Two
Depressions, 1929 and now this Mortgage applications fall to 7-month low... Private
sector sheds another 473,000 jobs in June... 'Layoffs may be worsening'... AIG shares drop
after 1-for-20 reverse-stock split (AP) Manhattan
apartment prices skid 13 to 19 percent Job
losses / job concerns realistically weigh on confidence, real estate
values/prices continue downward trend as per Case / Shiller Index (-18.1%, -21%
in california) Consumer
confidence suffers steep fall... Home prices post 18% annual
drop... Worldwide Depression: Review of Global Markets . Four banks
fail, bringing 2009 tally to 19 more than all of 2008 at a total thus far of 44 Dollar Falls Most in Month as China Urges New Reserve
Currency Gerald Celente speaks on Cap and Trade and other handicaps
to the US economy HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH
CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT ONE
PROSECUTION IN THE MOST RECENT MASSIVE
SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS
WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK
MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T),
CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH
THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD
IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE,
RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED
SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS
ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC!
… THAT MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS,
… NOT OUT OF THIN AIR! ] TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP
SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
A REALITY CHECK ON U.S. 'ECONOMIC
RECOVERY' Jeff Nielson - U.S. equities
are rallying again today, and (as usual) it is a rally with no basis in
reality. , personal
income up modest .2% and spending down, China calls for new reserve currency to
supplant worthless dollar Dollar
And Stocks Drop As China Calls For New Global Currency , continuing
unemployment claims at or near record 627,000, weekly unemployment claims up
15,000, and GDP contraction –5.5%, all worse than expected (lennar wider than
expected quarterly loss rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing words/b.s. from fed which
previously predicted no recession that economy still contracting but that the
contraction is somewhat slowing…what b**l s**t!…, analysts- buffet/economy in
shambles, Hogan/negative GDP growth and inflation owing to debasement of the
dollar as well as deficit spending/pump-priming in the trillions, joker
stein/economy a mess and continued job losses, new home sales down .6%; U.S. Home Prices Drop 6.8
Percent in April as Foreclosures Rise foreclosure sales
up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their
40th bank of the year , Next
Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9%
and big difference between not getting worse and getting better, market got
ahead of itself, stalled out, still depression/more job losses, higher oil-gas
prices / higher interest rates / heavy debt to pare down is 1-3 year drag on
economy, even if believed (I don’t) the labor dept. far better than expected
job numbers by increased debt (spending) to produce same is not economically
sound or sustainable, viz., record spending with record low revenues, rating
cuts for bank sector, analysts concur in significant 5-15% (reality says
15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down
1.1%, housing starts allegedly up but if believed will only increase the
plethora of unsold inventories, empire manufacturing index suffers unexpectedly
severe decline…daaaah!, credit dard defaults at record high, analysts concur
that fundamentals don’t support stock rally and that pac money(defacto bribes)
might derail any meaningful reform/regulation which is of concern to the frauds
on wall street who should be prosecuted, record loss of wealth, higher gas
prices, job losses, higher interest rates / yields, higher commodity prices,
higher deficits, hyperinflation, record continuing unemployment claims at 6.8
million, worthless Weimar dollar crashing,
money supply exploding with hyperinflation/higher interest rates coming,
budget deficit at new highs and trade deficit worse than expected, analyst who
called crash says inflationary depression, banks passed stress tests only with the
help of fraudulent change in accounting rules, banks still insolvent, toxic
assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end
of year, Obama/bernanke continuing failed policies of bush greenspan,
recommends getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not
Over” 6/9/2009 A REALITY CHECK ON U.S.
'ECONOMIC RECOVERY' Jeff Nielson - U.S.
equities are rallying again today, and (as usual) it is a rally with no basis
in reality. Markets See a Breakdown in
Technical Support Levels Roubini: USA sees
double-dip recession... Jobless claims rise; GDP dips in 1Q Bernanke faces GOP-led (who are they
kidding-bushies/paulsen went so far as threaten martial law- prosecute now!
They continue to allow the wall street fraud and political theater doesn’t
change their complicity) heat on BofA-Merrill deal Fed Tried to Cover-up Its
Involvement in Bank of America-Merrill Deal U.S. Economy: Jobless Claims
Rise in Sign Labor Market Stagnant Dollar
drops on reserve currency doubts China sells US
bonds to ’show concern’ BRICs May Buy
Each Other’s Bonds in Shift From Dollar China’s holding of US bonds
drops first time in 11 months Russia to Raise Reserve
Currency Issue at BRIC International
Demand for Worthless U.S. Assets Slowed in April IMF says worst not over Senator cashed out during big
stock collapse -- after meeting with Fed, Treasury chiefs! America's AAA
downgrade danger...
Treasury
faces pressure on price of TARP exit A depression so deep even
teen shoppers scrimp US cities may have to be bulldozed in order to survive 1st quarter
wiped out $1.3 trillion for Americans Get Ready for Inflation and
Higher Interest Rates Oil prices near $73 as
energy rally continues Fed Would Be Shut Down If It
Were Audited Fed says
economy weak, but sees signs the slide increasing Mounting
deficits spark jitters about U.S. economy Wall Street falls as
realities dent recovery hopes
Bonds fall on
worries about government's debt load (AP) Oil prices
strike new high for 2009 (AP) The depression quietly deepens
CHINA
AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes,
We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake government job loss report near 40%
better than private forecasts…I don’t think so!…9.4% unemployment rate…try well
over 10% and with stopped looking included over 20% , Jim
Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now China explores
buying $50bn in IMF bonds US retailers
report May sales declines Tiny
Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector
job losses/factory orders worse than expected, new record continuing
unemployment claims, bernanke spend more money you don’t have but cut
debilitating deficit…riiiiight…sounds like a plan with more job losses to come,
etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As
the Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD
$63.8 TRILLION... The Big Collapse
Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record
decline in real estate prices, $80+ oil
coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’ rally,
record low for new housing starts, etc.) AND BULL S**T ALONE (ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
, world economy to shrink by worse than
previously predicted 2.9% and big difference between not getting worse and
getting better, leading
indicators up far more than expected … bull s**t …based in large part on
inflated stock price component … more bull s**t … new
reform with same old frauds say increased capital requirements and oversight of
the overseers/rating agencies (riiiiight!…same old,same old - already have but
no will to enforce existing laws, etc.), analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets Insiders Exit Shares at the
Fastest Pace in Two Years BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... The Next Bubble Is Here. Have You Bought In? Here
we go again! Barney Frank asks FANNIE and FREDDIE to relax Mortgage lending
rules... Fed Tried to Cover-up Its Involvement in Bank of America-Merrill
Deal Dollar
And Stocks Drop As China Calls For New Global Currency Citigroup
Ordered to Suspend Some Operations in Japan Bernanke
Grilling May Weaken Case for Fed as Risk Regulator Citi boosting salaries to offset lower bonuses,
allegedly to retain the clowns who helped make them taxpayer dependant and
cause the current debacle; how ‘bout firing them instead and offering opportunity
to the new, particularly non-ivy league vegetable garden grads [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. Home Prices Drop 6.8 Percent
in April as Foreclosures Rise [$$] Red Roof Inn Defaults on Mortgage Debt (at The
Wall Street Journal Online)
MySpace to cut two-thirds of global
workforce GM to cut 4,000 more white-collar jobs
by year end Oracle tops forecasts despite sales,
profit dip; stated another way, bad news will be shilled as good news (AP) California
Collapsing Bankster “Holiday” Planned for
September? Recession Sparking Global Unrest
Is Your Portfolio Ready for the Next
Leg Down? S&P turns negative for year in
broad sell-off (Reuters) Goldman Sachs on pace for record bonuses: report
(Reuters) Numbers On Welfare See Sharp
Increase Top Insiders Playing You For A
Sucker? The death of the dollar. Who
could deny it? Stanford indicted in
massive U.S. fraud case which is small potatoes compared to ubiquitously
massive wall street securities fraud which caused the ongoing financial debacle Venture
Capital Bubble Set to Burst, Kedrosky Says Obama Plans to Cut Bank
Regulators, Allow Fed to Supervise Financial Holding Companies – The old fox
guarding the henhouse tricks Federal Reserve unwisely to
gain power under plan Federal Reserve Foolishly
To
Be Given Sweeping New Powers Yen Strengthens Most in Month
as Asian Stocks Drop, Gold Gains RUSSIA
CHALLENGES WORTHLESS DOLLAR... AIG says former
top exec plundered retirement plan [video] The Too-Big-to-Fail
Problem [6.8 min] (at MarketWatch) [$$] Too Big to
Solve? (at The Wall Street Journal Online) Buy and Hold Is
Dead. Long Live Buy and Hold! Financial Bailout Plan Keeps
Zombie Banks Alive Bernanke then as now in denial
about looming crisis 2005-2007 Retail sales,
drop in jobless claims to a very high even if believed 601,000 yielding record
continuing claims of 6.8 million fuel hope…if you’re a dope Lawmakers
blast Fed, Treasury for BofA "threats" Oil climbs over $73 on
hopes for rising demand U.S. Household
Worth Fell by $1.3 Trillion in First Quarter Predictions of $250
a barrel on oil ECB Fears Reality
of Banking Crisis in 2010: Report Get Ready for Inflation and
Higher Interest Rates Bill To Audit Federal Reserve
Now Has 209 Co-Sponsors Russia May Swap Some U.S.
Treasuries for IMF Debt Fed report shows losses on Bear Stearns, AIG holdings Congress subpoenas the Fed ... Finally!
(AP) Brazil in recession, recovery unlikely this year What a “Jobless Recovery”
Really Means: A Massive Redistribution of Wealth from the Little Guy to the Big
Boys Obama
Tells American Businesses to Drop Dead America’s Fed Addiction “87
Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are Unsafe” Fed Said to
Retreat From Seeking Power to Sell Its Own Debt/Bills WIRE:
Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory
Loss
Obama’s economic model versus
reality Reality
bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government
reports better than private estimates…riiiiight! President
of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now Benefit spending
soars to new high $100 Billion Bailout For IMF Tagged
On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC:
OIL COULD REACH $90... ----- Existing home foreclosure sales up, and no
profit discount car sales better than expected Diluting
like crazy through new stock bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
ANALYST FORECASTS: BULLS AND BEARS By Richard Shaw [there were 3 bull forecasts which are bull
s**t and not included in the following excerpt to preclude fraud and conserve
space; even the neutrals are a stretch]
…..BEAR - May 30: Morgan Stanley equity analyst Jason Todd says sell this
S&P 500 rally. He says Morgan Stanley does not see large upside above
825-850. He said, “In the rush to buy a cyclical recovery, it seems earnings or
valuation no longer matters. We would be comfortable with this view if the
earnings trough was closer, but it is not.”
BEAR - MAY 28: Berkshire Hathaway possible successor
to Warren Buffet, David Sokol, says they see no evidence of the green shoots
that been a stimulus to the stock market. He sees the most significant
headwinds to the electric utility industry in his 30 years, and see continuing
housing industry problems.
BEAR?/BULL? - May 28: PIMCO co-CEO Bill Gross (manager of
world’s largest bond fund) portrays “new normal” including accelerating
inflation toward the latter part of a three- to five-year cycle, and the need
to reexamine accepted notions about investing. He said stocks have not and will
not always outperform bonds, and having 60% to 80% of portfolio assets in
stocks may not always make sense. He believes the dollar will lose its status as
the reserve currency; Brazil, India and China (forget Russia) will offer the
best growth. The U.S. government will be selling trillions in Treasuries; the
US savings rate may rise significantly, and the consumer economy may be
shrinking long term due to the aging of the population.
BULL?/BEAR? - May 28: GMO CEO Jeremy Grantham predicts
higher US savings and lower consumption with many postponed retirements. He
sees some reasonable values within the stock market now and sees the third year
of the presidential cycle (2011) as the most promising. He is not certain that
a robust rally will continune. Like John Bogle, he believes in the principle of
having your age as the percentage of bonds in your portfolio. He expects a
bubble in emerging market stocks to develop.
BEAR - MAY 26: Comstock Partners portfolio managers
Charlie Minter and Marty Weiner, say P/E’s on “as reported earnings” are too
high in consideration of the long-term trend in earnings (now in down phase).
“Over the past 75 years, most market peaks topped at around 20 times reported
earnings, and the troughs occurred at around 10 times earnings. The financial
mania of the late 1990s pushed P/Es to over 40 times reported earnings, and the
following bust never brought P/Es below 18 times reported earnings. … Going
back to 1950, every instance where actual earnings rose above trend-line
earnings was followed by a period where actual earnings went well below
trend-line earnings. Comstock Partners believes that we have entered such a
period now, and that the market is trading at such a high multiple of
trend-line earnings that it will be difficult to make money.”
BEAR - May 19: Gluskin Sheff analyst David Rosenberg
(formerly of Merill Lynch) says this rally is a sucker’s rally based on short
covering. “The FTSE All-World market P/E ratio on forward earnings estimates is
now around 15x, well above pre-Lehman collapse levels and nearly double the
lows for the cycle … this was a rally built largely on short covering, pension
fund rebalancing and the emergence of hope wrapped up in ‘green shoot’ data
points. … On average, the S&P 500 undergoes a correction of more than 20% …
at a minimum, take profits”
NEUTRAL (BEAR?) - May 11: Baring Asset Management portfolio
manager Hayes Miller says “Estimates suggest there isn’t that much further to
run because equities are fairly valued … Earnings growth for 2009 and 2010
can’t support prices too much higher than where we are today.”
BEAR - May 11: HSBC Global Asset Management chief
investment officer Leon Goldfeld, chief investment officer at HSBC Global Asset
Management said it’s “hard to see” enough profit growth to justify higher stock
prices. The firm’s strategy will be to reduce its holdings of equities and move
into bonds and cash, he said.Bloomberg TV on June 1, said HSBC forecasts 900 as
the year-end price for the S&P 500 index.
NEUTRAL - May 11: Bloomberg compilation of analyst
forecasts of 2009 earnings for the S&P 500 is at $57.17 (not stated whether
“as reported” or “operating”). As of June 1, that puts the S&P at about
16.5 times forecasted earnings. Yale economist Robert Schiller said the
historic average is a multiple of about 16.3. [we note that we are not in an
average situation or stage of a market, however].
BEAR - May 11: Bank of America CIO for private wealth
management expects a 10% correction. He said, “We’re going to be in a very
volatile, chop-and-grind type of market. We’ve been shown that there is a small
light at the end of the tunnel, it’s dim but getting brighter, and that’s why
stock prices have come this far this fast. Now, it’s all about ‘show me.’”
BEAR?/ BULL? - May Letter: PIMCO co-CEO Bill Gross wrote: “Do not
be deceived by the euphoric sightings of “green shoots” and the claims for new
bull markets in a multitude of asset classes. Stable and secure income is still
the order of the day. Shaking hands with the new government is still the
prescribed strategy, although it should be done at a senior level of the
balance sheet. If the government indeed becomes your investment partner, you
should keep the big Uncle in clear sight and without back turned. Risk will not
likely be rewarded until the global economy stabilizes and the Obama rules of
order are more clearly defined.”
BEAR - April 17: Barclay’s analyst Barry Knapp
forecasts S&P 500 at 757 by year-end 2009. He said, “The equity market has
priced this recovery and then some. It looks pretty expensive to us.”
(7-1) SELL /
TAKE ANY PROFITS IN THIS SECULAR BEAR MARKET SUCKERS’ RALLY PROGRAMMED TO KEEP
SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) [$$] Big Pay
Packages Return to Wall Street as new fraud gains steam (at The Wall Street
Journal Online) ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
Job
losses / job concerns realistically weigh on confidence, real estate
values/prices continue downward trend as per Case / Shiller Index (-18.1%, -21%
in california) Gerald Celente speaks on Cap and Trade and other handicaps
to the US economy HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH
CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT ONE
PROSECUTION IN THE MOST RECENT MASSIVE
SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS
WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK
MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T),
CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH
THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD
IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE,
RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED
SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS
ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC!
… THAT MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS,
… NOT OUT OF THIN AIR! ] TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP
SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , personal
income up modest .2% and spending down, China calls for new reserve currency to
supplant worthless dollar Dollar
And Stocks Drop As China Calls For New Global Currency , continuing
unemployment claims at or near record 627,000, weekly unemployment claims up
15,000, and GDP contraction –5.5%, all worse than expected (lennar wider than
expected quarterly loss rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing words/b.s. from fed which
previously predicted no recession that economy still contracting but that the
contraction is somewhat slowing…what b**l s**t!…, analysts- buffet/economy in
shambles, Hogan/negative GDP growth and inflation owing to debasement of the
dollar as well as deficit spending/pump-priming in the trillions, joker stein/economy
a mess and continued job losses, new home sales down .6%; U.S. Home Prices Drop 6.8
Percent in April as Foreclosures Rise foreclosure sales
up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their
40th bank of the year , Next
Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9%
and big difference between not getting worse and getting better, market got
ahead of itself, stalled out, still depression/more job losses, higher oil-gas
prices / higher interest rates / heavy debt to pare down is 1-3 year drag on
economy, even if believed (I don’t) the labor dept. far better than expected
job numbers by increased debt (spending) to produce same is not economically
sound or sustainable, viz., record spending with record low revenues, rating
cuts for bank sector, analysts concur in significant 5-15% (reality says
15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down
1.1%, housing starts allegedly up but if believed will only increase the
plethora of unsold inventories, empire manufacturing index suffers unexpectedly
severe decline…daaaah!, credit dard defaults at record high, analysts concur
that fundamentals don’t support stock rally and that pac money(defacto bribes)
might derail any meaningful reform/regulation which is of concern to the frauds
on wall street who should be prosecuted, record loss of wealth, higher gas
prices, job losses, higher interest rates / yields, higher commodity prices,
higher deficits, hyperinflation, record continuing unemployment claims at 6.8
million, worthless Weimar dollar crashing,
money supply exploding with hyperinflation/higher interest rates coming,
budget deficit at new highs and trade deficit worse than expected, analyst who
called crash says inflationary depression, banks passed stress tests only with
the help of fraudulent change in accounting rules, banks still insolvent, toxic
assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end
of year, Obama/bernanke continuing failed policies of bush greenspan,
recommends getting out of Dodge and u.s. assets , new record for
continuing unemployment claims, fed downgrades outlook that previously provided
b.s. for suckers’ rally, record low for new housing starts, etc.) AND BULL S**T
ALONE (ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
, world economy to shrink by worse than
previously predicted 2.9% and big difference between not getting worse and
getting better, leading
indicators up far more than expected … bull s**t …based in large part on
inflated stock price component … more bull s**t … new
reform with same old frauds say increased capital requirements and oversight of
the overseers/rating agencies (riiiiight!…same old,same old - already have but
no will to enforce existing laws, etc.), analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets Insiders Exit Shares at the
Fastest Pace in Two Years BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... foreclosure
sales up, prices down , ‘SELL IN MAY AND
GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
(6-30) SECULAR
BEAR MARKET SUCKERS’ RALLY TO END WELL OFF SESSION LOWS TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING
TO KEEP SUCKERS SUCKERED Job
losses / job concerns realistically weigh on confidence, real estate
values/prices continue downward trend as per Case / Shiller Index (-18.1%, -21%
in california) Consumer
confidence suffers steep fall... Home prices post 18% annual
drop... Worldwide Depression: Review of Global Markets . Four banks
fail, bringing 2009 tally to 19 more than all of 2008 at a total thus far of 44 Dollar Falls Most in Month as China Urges New Reserve
Currency Gerald Celente speaks on Cap and Trade and other handicaps
to the US economy HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH
CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT ONE
PROSECUTION IN THE MOST RECENT MASSIVE
SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS
WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK
MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T),
CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH
THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD
IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE,
RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED
SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS
ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC!
… THAT MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS,
… NOT OUT OF THIN AIR! ] TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP
SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , personal
income up modest .2% and spending down, China calls for new reserve currency to
supplant worthless dollar Dollar
And Stocks Drop As China Calls For New Global Currency , continuing
unemployment claims at or near record 627,000, weekly unemployment claims up
15,000, and GDP contraction –5.5%, all worse than expected (lennar wider than
expected quarterly loss rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing words/b.s. from fed which
previously predicted no recession that economy still contracting but that the
contraction is somewhat slowing…what b**l s**t!…, analysts- buffet/economy in
shambles, Hogan/negative GDP growth and inflation owing to debasement of the
dollar as well as deficit spending/pump-priming in the trillions, joker
stein/economy a mess and continued job losses, new home sales down .6%; U.S. Home Prices Drop 6.8
Percent in April as Foreclosures Rise foreclosure sales
up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their
40th bank of the year , Next
Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9%
and big difference between not getting worse and getting better, market got
ahead of itself, stalled out, still depression/more job losses, higher oil-gas
prices / higher interest rates / heavy debt to pare down is 1-3 year drag on
economy, even if believed (I don’t) the labor dept. far better than expected
job numbers by increased debt (spending) to produce same is not economically
sound or sustainable, viz., record spending with record low revenues, rating
cuts for bank sector, analysts concur in significant 5-15% (reality says
15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down
1.1%, housing starts allegedly up but if believed will only increase the
plethora of unsold inventories, empire manufacturing index suffers unexpectedly
severe decline…daaaah!, credit dard defaults at record high, analysts concur
that fundamentals don’t support stock rally and that pac money(defacto bribes)
might derail any meaningful reform/regulation which is of concern to the frauds
on wall street who should be prosecuted, record loss of wealth, higher gas
prices, job losses, higher interest rates / yields, higher commodity prices,
higher deficits, hyperinflation, record continuing unemployment claims at 6.8
million, worthless Weimar dollar crashing,
money supply exploding with hyperinflation/higher interest rates coming,
budget deficit at new highs and trade deficit worse than expected, analyst who
called crash says inflationary depression, banks passed stress tests only with
the help of fraudulent change in accounting rules, banks still insolvent, toxic
assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end
of year, Obama/bernanke continuing failed policies of bush greenspan,
recommends getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not
Over” 6/9/2009 , new
record for continuing unemployment claims, fed downgrades outlook that
previously provided b.s. for suckers’ rally, record low for new housing starts,
etc.) AND BULL S**T ALONE (ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
, world economy to shrink by worse than
previously predicted 2.9% and big difference between not getting worse and
getting better, leading
indicators up far more than expected … bull s**t …based in large part on inflated
stock price component … more bull s**t … new reform
with same old frauds say increased capital requirements and oversight of the
overseers/rating agencies (riiiiight!…same old,same old - already have but no
will to enforce existing laws, etc.), analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke
continuing failed policies of bush greenspan, recommends getting out of Dodge
and u.s. assets Insiders Exit Shares at the
Fastest Pace in Two Years BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... The Next Bubble Is Here. Have You Bought In? foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
Tiny Tim says dollar assets
safe... Laughter from audience... Why The Chinese Laughed At Geithner Paul Craig Roberts | The red ink
that Washington is generating is a far greater threat to Americans than any
foreign “enemies.”
(6-3) ONLY
MODEST LOSSES RELATIVE TO REALITY WITH PROGRAMMED SHORT-COVERING/SUCKERS RALLY
INTO THE CLOSE TO KEEP SUCKERS SUCKERED BASED ON CONTINUED BAD NEWS ( ie., mortgage apps. down, service sector job losses/factory orders
worse than expected, new record continuing unemployment claims, bernanke spend
more money you don’t have but cut debilitating deficit…riiiiight…sounds like a
plan with more job losses to come, etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As
the Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD
$63.8 TRILLION... The Big Collapse
Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative AND BULL S**T ALONE (ie., $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC:
OIL COULD REACH $90... ----- , ‘SELL IN MAY AND
GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
(6-2) SUCKERS’
RALLY CONTINUES TO KEEP SUCKERS SUCKERED BASED ON CONTINUED BAD NEWS The Big Collapse Is Very Near U.S. auto sales drop, but rays of stability
seen Economic crisis boosts distrust of business: watchdog Dollar Declines as Nations Mull Reserve Currency
Alternative Grand Theft Auto: How Stevie the Rat bankrupted GM Gold, Silver Climb as Dollar Falls Home
foreclosure sales up, no profit discount car sales better than expected
…When
measured in ounces of Gold, the DOW has been in a secular bear market since
peaking in late 1999.
(Click charts, courtesy of stockcharts.com, for full size image). The markets,
measured by the S&P500 (S&P500 Charts) and DIJA (DJIA
Charts), may have recovered to new highs in 2007, but the DOW:Gold ratio
told a different, truer story of just how unhealthy the US economy was…
BEWARE OF THE
SUCKER'S RALLY? ‘…Most recently, the S&P 500 soared 24 per cent over
seven weeks ending in early January, only to plunge to a new low. It was a
fairly typical sucker’s rally and bear markets often need more than one to
create sufficient disillusionment for a definitive bottom. The 2000–2002 bear market had three, with
average gains of 21 per cent in the Dow Jones Industrials over 45 days. The
granddaddy of all bear markets, 1929 –1932, had six false alarms with an
average gain of 47 per cent. And Japan’s ongoing bear saw the Nikkei rise by at
least a third four times in its first four years with 10 more false dawns since
then. Bear markets typically end with a whimper rather than a bang, casting
doubt on the latest recovery according to Hussman Econometrics, which analysed
numerous US market bottoms and bear market rallies. With the exception of the
1987 crash, the month before the lowest point of a downturn saw a gradual
descent. By contrast, bear market rallies were preceded by steeper declines and
had sharper rebounds. Another characteristic of bear market rallies has been
modest volume on the rebound compared to the decline. The current recovery fits
the pattern of bear market rallies in terms of volume and the “V” shape of the
trough. Analysts at Bespoke Investment Group noted that there have been only
seven other periods in the past 110 years with rallies of similar magnitude for
the Dow. Three preceded the Great Depression, three came during the Depression
and one in 1982…’
New record for continuing unemployment
claims and as with all government data, adp data, etc., is fudged to whatever
way necessary to help froth the market. Short-covering explaining part of what
remains of this continuing suckers’ bear market rally and as admonished by
analyst at Farr Miller is a bull trap. How about plain old bull crap! One
analyst (Craig Brown) points out that we’re not at the bottom yet: excerpt-‘
I hate repeating myself, but I do not see the economy at bottom just yet, so in
some respects I will keep repeating myself until either other people wake up to
this reality or something changes to wake me up. The markets were down a bit yesterday
and, according to Bloomberg, they were down due to fears of the stress test
results. I don't fear them; I fear what they hide. I fear that a reported 10
out of 19 banks failed when the tests were not at all stringent enough. I fear
that the government will soft-pedal the results to make them bad enough to have
a tad of credibility but not so bad that people run for the exits. Don't buy my
word for it, others are saying the same, including Nouriel Roubini. Nouriel has
been complaining for weeks on how the worst case
scenario in the stress tests is already rosier than reality.’ Some
perspective from Sajal… Excerpts – ie., …Mark Hulbert: That bullish
bandwagon. Commentary: Some sentiment measures showing too much optimism Art Cashin:
"This rally is still somewhat suspect. Albert Edwards :
"Despite one of the biggest economics and profit collapses in history, US
stocks have failed to get cheap in the same way that they have in Europe or
Japan. My concern is that the US equity bear market has not yet fully
played out. "The current pop in the market is not dissimilar to
the many bear market rallies between 1929-1933, where signs of economic
stabilisation were met with 25% plus rallies... This optimism was subsequently
crushed." Charles Allmon … He
still thinks the stock market could decline to 3,200-4,200 on the Dow by
2011-2012 -- and that it could cross the price of gold. Jim Bianco: "I don't think we are
getting out of this for a long while. This has been a lousy stock rally. … …traders living in a fool's paradise if they continue to
drive the markets higher by buying stocks based on earnings that are down, say,
50 percent from this time last year, only because they're not down 75 percent… Diane Garnick, investment strategist at Invesco...In an interview on Tech Ticker, Garnick says that
companies are beating earnings expectations in the first quarter by Draconian
cost-cutting, an unsustainable strategy for long-term growth. More importantly,
although companies are beating profit estimates, thanks to the cost-cutting,
they are missing expectations for revenue, she says. Further, cost-cutting via
layoffs hurts the economy as a whole, Garnick argues, because the unemployed
spend less money… U.S. Economy: GDP
Shrinks in Worst Slump in 50 Years "You have to balance hope with reality," says Doug Sandler,
chief equity officer at Riverfront Investment Group. Sandler tells Andrew O'Day
"this is a good example of a year where you probably have a lot of hope
early, then the reality coming through…” …[The upshot is that the fraud continues in churn-and-earn
fashion with investors, taxpayer, etc., getting burned for the sake of wall
street greed/fraud. The lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc. - Analyst Andre Egleshion puts the amount
at $600+trillion) have been addressed much less
solved; hence, virtually all problems remain and there is but an
infinitesimally small fraction of the capital and resources necessary to solve
them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.]. U.S. Economy in 2nd Straight
Quarter of Steep Decline "You have to balance hope with
reality," says Doug Sandler, chief equity officer at Riverfront Investment
Group. Sandler tells Andrew O'Day "this is a good example of a year where
you probably have a lot of hope early, then the reality coming through Wall Street sags on oil; S&P ends worst week
in 2 months Following Chrysler, GM slashing U.S. dealers SEC lawyers probed for insider trading GM, Chrysler to drop 1,900 dealers by end of
2010 The Financial Storm Obama Says U.S. Long-Term Debt
Load ‘Unsustainable’ “The Worst Is Yet to Come” China’s
yuan ’set to usurp US dollar’ as world’s reserve currency Former
Treasury Official who Devised Formula for Rate-Setting Based on Outlook for
Inflation and Growth Warns that Inflation Looms, Slams Fed Policy Dr.
Doom: Capitalism Could Fail Like Communism New York Fed: Most Powerful
Financial Institution You’ve Never Heard Of along with the missing $4 trillion
you’ve never heard of Home Prices Drop Most on
Record... Federal Hiring
Frenzy......average pay $75,419 A Coming Flood
of Equity Issuance, aka The Dilution Solution Fed cut banks' deficits after negotiations: sounds like a
plan…riiiiight!…report
Buffett's Berkshire has first loss since 2001 Are stocks a loser's bet?YES! Deficits soar
even with rosy assumptions in new Obama budget... America is broke. How broke? White House forecasts higher budget
deficit US red ink rising even higher, to $1.8T Deficits soar
even with rosy assumptions in new Obama budget... STIMULUS WATCH:
Early road aid leaves out neediest; Auditors can't track transportation
funds... Gas price jumps
to 6-month high... Six GM executives sell more than 200,000
shares John Hussman: Post
Crash Bubbles …Unfortunately, “fear”
lows are only evident in hindsight, because as we saw in 2008, a deeply
oversold market can become spectacularly more oversold before recovering, and
the “fast, furious” spikes off of those lows are often followed by steep
failures.... Fed Inspector General Claims She Does Not Know Where
Trillions Went Rep. Alan Grayson
| Inspector General Elizabeth Coleman responds that the IG does not know and is
not tracking where this money is.
Recovery?
What Recovery? Newsweek
| Don’t tell me that the economy is getting better, or has even hit rock
bottom. Prospects
of a quick economic recovery are but fool’s gold Boosting The Dying Dollar With A False Rally Suckers rally
sets up the unwinding of the market, Rally just like in 1933, wealth producers
becoming impoverished, Fed officer busted for fraud, troubles in the Economy
are far beyond fixing, interdependence of banks around the world expected to
worsen economic problems. New York
Fed chairman Friedman abruptly resigns BEWARE OF THE
SUCKER'S RALLY? Betrayal of the People By Wall Street, Banks, and
Government FLASH: Treasury
Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama
Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression
Corporate
CFR Members Get Most of the Bailout Money New American | Treasury Secretary Timothy Geithner served as a
staff member of the New York City-based Council on Foreign Relations before
being hired in 2003 to head the New York City branch of the Federal Reserve
Bank.Watch out for the fake
government stress tests (they lie about everything!). Note the delay in the
rollout. Bank analyst Cassidy says bank plan a failure. Business week business
analyst /reporter says (tongue in cheek) the optimism (irrational exuberance) must
be the advent of spring and the birds chirping (in the heads of the wall street
lunatic/frauds…cukoos). Analysts/Economists comments include: slow release of
stress test results, details and accuracy of data crucial for stress tests
(good luck!), things have not bottomed out but pace of decline has slowed
somewhat, bleak outlook for GM, Chrysler and bankruptcy probably necessary
because of legacy costs, and public pension funds with ridiculously rich
benefits the next shoe to drop. Oxdown Gazette sums up the crucial story | ‘The 12
trillion that is being floated to insolvent US banks is essentially being
looted in the paper economy’ (ie., churn and earn by wall street fraudsters who
must be prosecuted and forced disgorgement/forfeiture in the massive securities
fraud that still goes unmentioned though the source of this economic debacle,
etc.). Four more banks closed by regulators,
this years closures exceeding all of 2008 as depression continues John Letzing, MarketWatch April 24, 2009 SAN FRANCISCO
(MarketWatch) -- Four banks in Georgia, Michigan, California and Idaho were
closed by regulators Friday, costing the Federal Deposit Insurance Corp.'s
deposit insurance fund nearly $700 million as the effects of the credit crisis
continued rippling throughout the U.S. economy. Kennesaw, Ga.-based American Southern Bank
marked the 26th bank failure of the year and the fifth in the state of Georgia,
the FDIC said. Farmington Hills, Mich.-based Michigan Heritage Bank then became
the 27th failure of 2009, followed by the closure of Calabasas, Ca.-based First
Bank of Beverly Hills. Alpharetta, Ga.-based Bank of North Georgia has agreed
to assume American Southern Bank's deposits, the FDIC said in a statement…
All
reasons for previous reality plunge have been previously covered and warned of
here in real time; ie., new meaningless FASB accounting standards which wall
street frauds rallied on now have sold off on, worse to come in credit
defaults/losses, leading indicators down again, etc.. April 17 (Bloomberg) -- David Tice, the
chief portfolio strategist for bear markets at Federated Investors Inc., said
the Standard & Poor’s 500 Index will probably plunge about 62 percent. He spoke during a Bloomberg
Television interview today. The Federated Prudent Bear Fund that he founded
returned 6.7 percent last year as the S&P 500 plunged 38 percent, the most
since 1937. Tice said the benchmark index for U.S. stocks may slump to about
325. It closed today at 865.30. The measure has surged 28 percent since March
9, the most in five weeks since the 1930s. SUCKER'S RALLY APPROACHING AN END by Peter
Cooper: Whatever the technical reason for the
25 percent rise in the S&P over the past five weeks, or a more modest eight
percent bounce in GCC regional stock prices, the absurdness of this sucker’s
rally ought to be obvious to all. Unemployment is still rising, house prices
are still falling, and the fundamentals of bank balance sheets are still
deteriorating with total bad debts unknown except that we know they must be
getting worse. Global trade fell off a cliff in the first quarter of the year.
Even Mercedes car sales to the oil rich of the GCC fell 23 per cent. The
collapse of the world’s second largest economy, Japan, has been unprecedented.
Bad news coming … The stock market pattern in 2008-9
has so far been a mirror image of the crash of 1929-30 with a halving of prices
from the autumn followed by a 25 per cent rally from March lows. In April 1930
stocks moved sideways and then they crashed another 50 per cent into the
summer… New record continuing unemployment claims in excess of 6 million, -11%
for new home sales (unexpected but stocks and even homebuilders rallied),
Bloomberg reports $13 trillion (much unaccounted for) taxpayer/bailout funds
spent/lent/stolen by who knows what/where/how (ie.,replace stolen funds?,
etc.), second largest mall co. to bankruptcy with more to come along with more
commercial real estate foreclosures. ‘…initial claims for the week ending April 11 totaled
610,000, which is down more than expected from the prior week, but continuing
claims climbed more than expected to a new record of 6.02 million. Separately,
housing starts disappointed investors hoping to find signs of a recovery in
home building. Housing starts for March totaled 510,000, which was below the
540,000 starts that were expected and down from the prior month. Meanwhile,
building permits in March totaled 513,000, which is below the 549,000 permits
that were expected, down from February…’
SUCKER'S RALLY APPROACHING AN END by
Peter Cooper: Whatever the technical reason for the
25 percent rise in the S&P over the past five weeks, or a more modest eight
percent bounce in GCC regional stock prices, the absurdness of this sucker’s
rally ought to be obvious to all. Unemployment is still rising, house prices
are still falling, and the fundamentals of bank balance sheets are still
deteriorating with total bad debts unknown except that we know they must be
getting worse. Global trade fell off a cliff in the first quarter of the year.
Even Mercedes car sales to the oil rich of the GCC fell 23 per cent. The
collapse of the world’s second largest economy, Japan, has been unprecedented.
Bad news coming
… The stock market pattern in 2008-9 has so far been a mirror image of the
crash of 1929-30 with a halving of prices from the autumn followed by a 25 per
cent rally from March lows. In April 1930 stocks moved sideways and then they
crashed another 50 per cent into the summer. What possible reason is there for
optimism to believe that history will not repeat itself? Government stimulus
packages have more than likely been too small and too late to prevent another
down leg in stocks, and will take time to revive the real economy, if indeed
they can do so. They might just stop the worst possible scenario but are they
going to prevent the plunge downwards? Governments have not managed it so far.
Consumers and
unemployment
…It will take more than weasel words from US bankers and ‘green shoots’ in the
waffle of President Obama to put things right. Eventually global stock markets
will reach a bottom but they are not close to having visited it just yet. Wall
Street and its friends are playing investors as suckers but they are in danger
of overdoing it. For once these guys are impoverished where will the next bunch
of fools come from? Goldman Sachs' (GS) results this week might well mark the top of the
rally, beyond that the only way is down.
Industrial production down –13%, most since
WW2. The wall street frauds celebrate increase real estate sales…on increased
foreclosures…riiiiight! U.S. foreclosure filings jump as
moratoriums end US foreclosures up 24 percent in 1st
quarter Jim Rogers Says Investors Should
Expect More Bottoms Still not one prosecution as new churn and
earn fraud/bubble begins with taxpayer bailout funds (old reliable foggy/sell
the sizzle tech sector now the wall street frauds’ refuge-remember the dot com
bust, etc.). BULL S**T STORIES FOISTED AS B.S. TALKING POINTS FOR
CONTINUING FRAUD/SPIKE IN STOCK PRICES FOR CHURN AND EARN COMMISSIONING: WELLS FARGO RECEIVED $25 BILLION TAXPAYER
MONEY/BAILOUT FUNDS AND SHOWS (RECORD FOR THEM?) $3 BILLION QUARTERLY PROFIT-
GOLDMAN RECEIVED $10 BILLION PLUS UNDISCLOSED FED/ ULTIMATELY TAXPAYER MONEY
AND REPORTS QUARTERLY $1.8 BILLION
PROFIT - MORGAN CHASE RECEIVED $25 BILLION AND REPORTS QUARTERLY $2+ BILLION PROFIT – CITI RECEIVED $25
BILLION AND REPORTS QUARTERLY $1
BILLION LOSS - BANK OF AMERICA RECEIVED
$45 BILLION AND REPORTS QUARTERLY $3+
BILLION PROFIT AND SETS ASIDE $13 BILLION FOR LOAN LOSS RESERVES – MORGAN
STANLEY RECEIVED $10 BILLION AND REPORTS QUARTERLY $1 BILLION LOSS - DO THE MATH (FIRST GRADE ELEMENTARY SCHOOL KIDS
COULD DO AS WELL, AND FOR FAR LESS PAY) - AT THAT RATE, TAXPAYERS WILL SOON
HAVE NOTHING LEFT FOR THEM TO TAX! WHAT FRAUDS! The Great Geithner Coverup WHAT
TOTAL BULL S**T! …[The upshot is that the
fraud continues in churn-and-earn fashion with investors, taxpayer, etc.,
getting burned for the sake of wall street greed/fraud. The lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of fraudulent/worthless
securities, etc. - Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much
less solved; hence, virtually all problems remain and there is but an
infinitesimally small fraction of the capital and resources necessary to solve
them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.].
U.S. Treasury
asking banks keep quiet on stress tests New
unemployment claims at high 654,000 praised as positive number… riiiiight! …as
continuing unemployment claims at record 5.84 million (real numbers even
worse). Economy so bad that consumers can’t buy goods so trade deficit shrank
but this is a structural defect in u.s. economy so not good news and consistent
with bad news of still plunging retail sector. Najarian points out that wall street always a circus, consolidation,
robbing peter to pay paul, take profits; while economist cite Reich that we’re
in depression and government as in land of fruits and nuts out of control. Earnings revised downward for first quarter –36.5%,
more weakness, more unemployment, inflation to come on fast says Hogan, and
insurance companies now que up at corporate welfare/taxpayer bailout lines. In positing
(suckers’) bear market rally and advocating hold cash/sell stocks Hillary
Kramer points to the preposterous on wall street where bad news greated as good
vis-à-vis stocks (they call what wall street does ‘fraud’…in a rational world
where they would already be in jail). Madman Cramer –
the ultimate contrarian indicator - CRAMER'S
CALL: ANOTHER RALLY TOP INDICATOR Greg Feirman Wow, the bulls are really feeling good. “Wells Fargo
Carries The Day” and the S&P and Dow closed at 2 months high
and the Nasdaq is near its highs for the year. On Mad Money this evening, Cramer went so far
as to call “a turn in the economy”, saying “the facts have changed”, “the
situation has clearly improved” and “things are getting better”. This isn’t the
first time Cramer has called a bottom and he’s been wrong before (For example,
see “Cramer Declares The End Of The Bear Market”
, Top Gun FP, July 31, 2008). The market topped out a couple weeks later. On Monday
October 6, Cramer went on the today show and told people to sell
any stock money they might need in the next five years. The market bottomed
that Friday. It could run another couple weeks but this rally is running thin. Methinks
me smells a top….. Rational View Courtesy of ETF.COM:
‘…Due to our expectations of continued weakness in the financial sector, the
looming deterioration of commercial real estate, the credit markets tepid
backing of the equity rally, and the still very shaky and highly volatile
global economy, it's our view at ETFdesk.com the recent run-up in stocks is
unwarranted and presents an overly optimistic view of the months ahead. We
believe investors should consider taking short term profits or use the recent
run to reduce equity exposure they are weary of. We also believe investment
grade debt (NYSEArca: LQD - News) represents an opportunity for investors
seeking beaten down prices without the downside volatility of equities…
THE
FOLLOWING AT LEAST TO PREVIOUS (7-6-09) IS MUST READ:
SELLER
April 17 (Bloomberg) --
David Tice, the chief portfolio strategist for bear markets at Federated
Investors Inc., said the Standard & Poor’s 500 Index will probably
plunge about 62 percent. He spoke during a Bloomberg Television interview today. The
Federated Prudent Bear Fund that he founded returned 6.7 percent last year as
the S&P 500 plunged 38 percent, the most since 1937. Tice said the
benchmark index for U.S. stocks may slump to about 325. It closed today at
865.30. The measure has surged 28 percent since March 9, the most in five weeks
since the 1930s.
SUCKER'S RALLY APPROACHING AN END by
Peter Cooper: Whatever the technical reason for the
25 percent rise in the S&P over the past five weeks, or a more modest eight
percent bounce in GCC regional stock prices, the absurdness of this sucker’s
rally ought to be obvious to all. Unemployment is still rising, house prices
are still falling, and the fundamentals of bank balance sheets are still
deteriorating with total bad debts unknown except that we know they must be
getting worse. Global trade fell off a cliff in the first quarter of the year.
Even Mercedes car sales to the oil rich of the GCC fell 23 per cent. The
collapse of the world’s second largest economy, Japan, has been unprecedented.
Bad news coming
… The stock market pattern in 2008-9 has so far been a mirror image of the
crash of 1929-30 with a halving of prices from the autumn followed by a 25 per
cent rally from March lows. In April 1930 stocks moved sideways and then they
crashed another 50 per cent into the summer. What possible reason is there for
optimism to believe that history will not repeat itself? Government stimulus
packages have more than likely been too small and too late to prevent another
down leg in stocks, and will take time to revive the real economy, if indeed
they can do so. They might just stop the worst possible scenario but are they
going to prevent the plunge downwards? Governments have not managed it so far.
Consumers and
unemployment
…It will take more than weasel words from US bankers and ‘green shoots’ in the
waffle of President Obama to put things right. Eventually global stock markets
will reach a bottom but they are not close to having visited it just yet. Wall
Street and its friends are playing investors as suckers but they are in danger
of overdoing it. For once these guys are impoverished where will the next bunch
of fools come from? Goldman Sachs' (GS) results this week might well mark the top of the
rally, beyond that the only way is down.
Madman Cramer – the ultimate
contrarian indicator - CRAMER'S
CALL: ANOTHER RALLY TOP INDICATOR Greg Feirman
Wow, the bulls are really
feeling good. “Wells Fargo Carries The Day” and the
S&P and Dow closed at 2 months high and the Nasdaq is near its highs for
the year. On Mad Money this evening, Cramer went so far
as to call “a turn in the economy”, saying “the facts have changed”, “the
situation has clearly improved” and “things are getting better”. This isn’t the
first time Cramer has called a bottom and he’s been wrong before (For example,
see “Cramer Declares The End Of The Bear Market”
, Top Gun FP, July 31, 2008). The market topped out a couple weeks later. On Monday
October 6, Cramer went on the today show and told people to sell
any stock money they might need in the next five years. The market bottomed
that Friday. It could run another couple weeks but this rally is running thin. Methinks
me smells a top…..
Rational
View Courtesy of ETF.COM: ‘…Due to our expectations of continued weakness in the financial
sector, the looming deterioration of commercial real estate, the credit markets
tepid backing of the equity rally, and the still very shaky and highly volatile
global economy, it's our view at ETFdesk.com the recent run-up in stocks is
unwarranted and presents an overly optimistic view of the months ahead. We believe
investors should consider taking short term profits or use the recent run to
reduce equity exposure they are weary of. We also believe investment grade debt
(NYSEArca: LQD - News) represents an opportunity for investors
seeking beaten down prices without the downside volatility of equities…’
Art Hogan recently summed up choosing stocks in
this environment thusly: ‘pick the best-looking horse at the glue factory’…..I
think he was as a courtesy to his industry overly generous. The administration
pitches hardballs to the auto industry while continuing to pitch powder puffs
to the wall street frauds who have perpetrated the largest (securities) fraud
in recorded history, turning a cyclical downturn into what is now unavoidably
depression, putting beleagered taxpayers in the unfathomable position of
funders/guarantors of the scam/fraud in bailing out the perpetrators of the crimes
(bush’s infamous base) who have financially benefited enormously (fees,
commissions, spreads, points, salaries, expenses, bonuses, etc.) from their
fraud/crimes. Still not even one prosecution
from this administration even though disgorgement, the legal remedy among other
criminal penalties, would aid the defacto bankrupt u.s. treasury!
ON WHETHER BEN
BERNANKE HAS REDEEMED HIMSELF AND WHAT THAT MEANS FOR STOCKS:
I do not think so. On the contrary, I think what the government
is doing and its economic "dream team" under Mr. Bernanke and Mr.
Geithner and Mr. Summers are going to be, from a longer term point of view,
rather negative.
But, you understand, we can all sit here and say it will all end in disaster.
That I'm sure. But, in the meantime, we can have big moves in markets.
On the new
bad assets purchase plan:
I think he's doing the politically expedient thing from a very
short term perspective. If you have cracks in your walls and just put paint on
it, it will hide them and then you sell your house. But it won't solve the
problems of the cracks - it's the next owner and these are the children of the
current taxpayer who will pay for it. Marc Faber: 'It Will All
End in Disaster'
China calls for new global
currency (AP) Why Goldman
Sachs Should Return Its TARP Money (at Seeking Alpha) Marc Faber:
'It Will All End in Disaster' Congresswoman presses Geithner
on connections to Goldman Sachs Gerald Celente Predicts
Economic Armageddon by 2012 Geithner Plan Will Rob US
Taxpayers: Stiglitz
It bears repeating, so
preposterous was 3-23-09 Pavlov dogs rally [conditioning to associate what’s
good for fraudulent wall street, viz., privatizing profits – still not one
prosecution for what now is the largest fraud/scam/swindle in the history of
this planet – and socializing the losses, is somehow positive for america/the
economy by the magnitude of this suckers’ bear market rally and prior market
manipulations] when the same created the instant crisis in the first instance
(don’t worry about the frauds on wall street, they’ll get their commissions
again on the way down as they did in creating this financial debacle/fraud as
they clamor for more taxpayer/treasury money).
They’re still printing/creating those worthless Weimar dollars like mad,
China Urges New Money Reserve to Replace Dollar ,don’t know what they’re doing, are clueless, and disingenuously seek to
divert attention from the missing/stolen/bilked $14 trillion of taxpayer money
with the subterfuge of outrage over the relatively miniscule though not
unimportant million dollar bonuses (AIG, etc.), so-called fixes/plans, etc., so
SELL/SELL
INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE
TO COME! What the Pros Say: US Is Now ‘Bankrupt’ US is Already Bankrupt:
Analyst U.S. Budget Office offers darker economic and deficit
outlook The
Geithner-Summers-Bernanke Plan to Prop Up Asset Prices Has Failed U.N. panel says world should
ditch dollar
Fierman: How quickly things
change…..
Some stats from today’s rally:
S&P: +54 (7.1%) to 823
Dow: +497 (+6.8%) to 7776
NYSE Up Volume: 1,866,836,012
NYSE Down Volume: 44,683,760
NYSE Total Volume: 1,914,836,622
It was just 2 weeks ago (March 9th) that the S&P closed at 12-year lows and
the stock market felt like it was forecasting the end of the world. We’ve now
rallied 22% in 2 weeks! But if we look at the catalysts for this rally, they
really don’t seem to justify such an explosive move. Citi said they were profitable in
the first two months of the year and JP Morgan (JPM)
and Bank of America (BAC)
said they were too. The Fed initiated some serious
quantitative easing. And now Geithner’s toxic asset plan this
morning. I agree with the Capital Spectator when he wrote this morning:
We’re skeptical largely because the rally this
month has drawn power primarily from a new round of hope that Washington’s
various experiments to right the economy will finally hit pay dirt. Perhaps,
but it’s not the stuff that powers sustainable rallies, much less secular bull
markets. We’re Sellers of This Rally!
Lawrence York
‘Treasury Secretary Geithner has released his plan to mop-up the
toxic assets held by banks that threaten their solvency and the global
financial system. Accordingly, the plan purposes that private equity firms
partner with the Fed to purchase bank assets at some discount set by the private
firms at auction. Then the Fed will leverage the purchase six-fold to buy more
bank assets and assume all the risk of leverage. In other words, private firms
will set the price and then put up half the initial purchase price. The Fed
will then put up non-recourse loans to purchase six times more debt at the same
price to be owned by the joint venture partners. If the deal works private
equity splits the booty equally. If the deal fails, the government loses
upwards to six times taxpayer's money and private equity loses only its
original equity match equal to 1/6 the total loss.
Flabergasted? Don't be. How often can you cut a deal where you get
to set the price and your partner puts in six times your money and you split
the profit. IF THESE DEAL TERMS DON'T UNDERSCORE WHY THE GOVERNMENT SHOULD NOT
HANDLE YOUR MONEY AND WHY THE GOVERNMENT SHOULD STAY OUT OF BUSINESS, WHAT
DOES? Other deal terms are that the Fed will designate the private equity
players, at least initially. Could it be that the Fed is creating another
pass-through mechanism to simultaneously bail out or reward its friends? If so,
look for Goldman Sachs (GS),
Merrill, Blackstone (BX),
Carlye Group, Texas Pacific Group, and perhaps Bear Stearns to be players. Look
also for the typical MOS of some Structured Investment Vehicle, not much
different from the Maiden Lane III SIV, to backstop or divert money where it
needs to be--by gratuitous selection that is. Oh, and never mind that Private
Equity may be joined by the Libyan Investment Authority (LIA and Private Equity
article by Financial Times) as Private Equity at
present is having a bit of a liquidity crunch with their own deflated, illiquid
assets. In short, the Geithner Toxic Asset Plan is just another bank bailout and
footnote to this era of 'Dark Capitalism" where profits are reaped and
losses socialized in an ever transparent way.’
Trevisani: ’…The beginning
of quantitative easing calls all three ideas in question; it increases the
supply of dollars effectively lowering US interest rates well below Europe’s;
the need for such an unprecedented step undermines the hope for a US recovery;
and a devaluing dollar cannot be a safe haven. Add the projected Federal
deficits and the dollar begins to look very vulnerable. If the Europeans go
down the same quantitative road then the dollar’s disabilities may be matched
by the euro’s. But if they are not, then the Bernanke dollar call may not be an
option to buy but a call to sell…’ China and most of the financial world outside the u.s. agrees with
the latter. China Urges New Money Reserve to Replace Dollar Kremlin to Pitch New Currency...
EMBRACE THE BEAR By Rev Shark There is an old saying that in a bear
market, we slide down the slope of hope. Unfortunately, we have seen plenty of
good examples of how that works over the past year. We have had dozens of new
initiatives to try to bolster the economy that create hope for a few days. The
market will get excited and we'll have some big point gains, but then doubts
begin to surface about how easily it will be to turn this economic supertanker
that is going over a waterfall. The buying stalls out, a few dip-buying
attempts are made, but eventually we break support levels and more downside
ensues. That is classic bear market action but the standard Wall Street
reaction is to not accept it…[The upshot is that the
fraud continues in churn-and-earn fashion with investors, taxpayer, etc.,
getting burned for the sake of wall street greed/fraud. The lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all
problems remain and there is but an infinitesimally small fraction of the
capital and resources necessary to solve them thanks to fraud, incompetence,
lack of knowledge/ability, greed, etc. - Analyst Andre Egleshion puts the
amount at $600+trillion] …INVESTORS
…..FOOLED (at least today) By Rev Shark …..realization that
economic stimulus isn't going to be nearly as simple or easy (or effective) as
it sounds. We aren't going to spend our way out of this economic spiral …We'd
probably be better off if the government did less rather than more. The great
likelihood is that the unintended consequences we suffer will prolong the whole
cycle. We have to let some bad businesses and financial institutions fail…
HERE’S THE REAL DEAL:
SUMMARY/RECAP OF LORIMER WILSON 3-17-09 ANALYSES/REVIEW
Harry Dent, Jr.
Economy will be in a Depression by 2011
The worst of this next depression is likely to hit between mid-2010 and
mid-2013, especially around early 2011, but if the banking system continues to
implode a deep downturn or depression could begin sometime in 2009 instead of
2010.
Dow will Fall to 3,800 – 4,500 by 2012
Nasdaq will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at the
latest.
Inflation will Increase until mid- 2010 and then turn to Deflation
Interest Rates will Increase
U.S. Dollar will Decline
Housing will Decline by 40 – 60% from Today’s Levels
Greatest Economic and Banking Crisis since the 1930s will Occur Between 2010
and 2012
Russell
Napier is the author
of the book “Anatomy of the Bear”, a professor at the Edinburgh Business School
and a consultant to CLSA Ltd. which is one of the top research houses in Asia.
Napier’s research indicates (and I paraphrase) that:
The S&P 500 will Decline to 400 by 2014 (the Dow 30 to 3800)
The S&P 500 will then undergo a major crash that will see U.S. equity
prices bottom at almost 50% below current levels (i.e. to 400 or less; the Dow
30 to 3800 or less) sometime around 2014 as Tobin’s “q” drops to 0.3 signaling
the end of the bear market, as it has done at the end of the four largest U.S.
market declines in 1921, 1932, 1949 and 1982.
U.S. Treasury Sales Could Collapse Leading to End of U.S. Dollar as Reserve
Currency
Robert R. Prechter Jr. is author of a number of newsletters and
books including “Elliott Wave Principle” (1978) in which he predicted the super
bull market of the 1980s; “At the Crest of the Tidal Wave – A Forecast of the
Great Bear Market” (1995) in which he predicted a slow motion economic
earthquake, brought about by a great asset mania, that would register 11 on the
financial Richter scale causing a collapse of historic proportions; and
“Conquer the Crash: You can Survive and Prosper in a Deflationary Depression”
(2002) in which he described the economic cataclysm that we are just beginning
to experience and advised how to position one’s self financially during that
period of time.
Depression is Imminent
The Dow Jones Industrial Average will go down to at least 1000, most likely to
below 777 which was the starting point of its mania back in August 1982, and
quite likely drop below 400 at one or more times during the bear market.
Regulator: Before Banks
Collapsed, They Pleaded With Feds To Let Them Fudge Their Books Ryan Grim | Before financial
institutions collapsed, they went to the Financial Accounting Standards Board,
pleading for a change in mark-to-market accounting rules so that they can
continue to appear to be solvent on their balance sheets and hence, continue to
defraud the public as they are now once again trying to do. This says it
all! Will FASB remain viable by
resisting fudge/fraud factor. Suckers’ bear market rally ( Citigroup Inspired Bear Market Suckers’ Rally ) to keep the suckers suckered and commission dollars flowing to the frauds
on wall street
Why we think this is a (suckers’) bear
market rally:
Citing 13 reasons that the bear will continue in spite of
this rally seems appropriate.
1. Current P/E: the current 20+ P/E on trailing “as
reported earnings” is too high for this set of negative sales, earnings and
dividends growth conditions.
2. Forward P/E: the projected 2010 S&P 500 earnings by
Standard and Poor’s at about $40 would only support 800 at best (20 P/E), and
more likely would support 600 (15 P/E), assuming there was a general recovery
under way — before that time, the current market should sell for less than 800,
and perhaps less than 600.
3. Earnings: profits are still declining in the aggregate
4. Dividend Yield: banks and other companies continue to
cut dividends, reducing stock appeal and putting total return in question until
dividends stabilize and begin to grow (historically dividends generated about
1/3 of total return for the S&P 500)
5. Revenue: overall sales are down — declining sales,
earnings and dividends are not reasons for bullish markets.
6. World GDP Growth: credible parties (Goldman Sachs, IMF,
and noteworthy individuals, such as Nouriel Roubini, predict worsening global
economies) — until forecasts for improvements within 12 months or less for the
US or world economies become prevalent, the market is unlikely to “anticipate”
with a sustainable trend reversal to a bull
7. Government Intervention: the US and global economies
are currently highly government policy dependent, and while policies are
becoming more clear, they are not all revealed, and there are suggestions more
may be needed — the resulting uncertainty warrants low valuation until
government policies to “save” and “stimulate” economies are no longer the
centerpiece of investor hopes and earnings prospects
8. Real Estate: the US and global real estate asset
deflation continues with waves of negative impact on household and
institutional wealth — until property prices stabilize, or are believed to be
about to stabilize, a new bull market will have difficulty gaining traction.
9. Other Bank Shoes to Drop: the major banks have not yet
experienced likely future write-downs associated with non-mortgage asset types,
such as credit cards and auto loans.
10. Auto Industry: the fate of GM, Chrysler and the entire supply chain is
uncertain with unknown government involvement.
11. LBOs: private equity firms built on leverage may not
be able to continue to service and rollover the debt they used to make recent
optimistic acquisitions — those debts could be a further burden on the financial
sector.
12. Retirees and Pre-Retirees: the 55 and over crowd who
control the largest portion of US private assets are not as likely to risk
their life accumulations in stocks relative to bonds as they were in the boom
times of the last couple of decades — that will delay the onset of a bull and
subdue the extent of a bull when it occurs
13. Credit Availability: the credit and leverage
availability that helped the US stock market recover from the 2002-2003 bottom
is not available at this time to increase household expenditures and corporate
capital investment — even the US government may be put on credit rationing by
China, which today said it is “worried” about the credit quality of their US
Treasury holdings, which has implications about their willingness to support
the borrowing our “stimulus” programs require and assume to be available. By Richard Shaw
Analyst Andre Egleshion points to continuing
effect of credit default swaps and pegs the amount of the worthless, fraudulent
(previously sold, commissioned, repackaged, resold, re-commissioned, etc.)
securities at $600-$675 TRILLION, their continued effect on money pit AIG, that fed’s
received $11.7 trillion since 2008 yet refuses transparency as to where funds
spent, who received same, etc., agrees with comment that shockingly no
prosecutions yet, economy re-tooling,
need for stiffer regulation, points to historical fact that fiat currencies and
private central banks have consistently failed, sees hyperinflation with dollar
weakness (printed/created like mad) and higher oil. Hopes for funny assets [in addition to
funny money, other fraud, relaxation of rules/laws/enforcement (real asset
values) (remember the exemption from RICO garnered by fraudulent wall
street-those campaign contributions really pay off, etc.) ], spur suckers’ bear
market short-covering rally to keep the suckers suckered and commission dollars
flowing to the frauds on wall street so SELL/SELL INTO RALLIES/STRENGTH/
TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! NOW LISTEN HERE, FOR THIS IS TRUTH!: There
is not enough money in the entire world to cover the fraudulent securities
foisted/commissioned/ distributed/sold by the wall street frauds/perpetrators
which if assumed/guaranteed by the u.s. government (don’t forget that social
security/medicare are already technically insolvent/bankrupt - all
monies/reserves going into the general account and already and continually
spent) will only guaranty the insolvency of / worthlessness of the currency of
the u.s. treasury.
Cost to buy
protection against U.S. government default surges Frank just said
that he wants to prosecute those who’ve caused this crisis…waxman was
supposedly doing just that in part (fog
of war fraud-360 tons of $100 dollar bills stolen), etc…. If they don’t do this
as said, among others, they should be forced resign as complicit. THERE IS NO
MYSTERY HERE; HENCE, NONE SHOULD BE AFRAID TO LOOK, PROSECUTE, AND FORCE
DISGORGEMENT! Celente: U.S. Has Entered “The
Greatest Depression” …‘… Watch for fake reports and continued
jawboning/spin/b.s. regarding bailout/stimulus as they are desperate yet remain
protective of the criminals who caused the crisis with their fraud in
staggering amounts far beyond the substantial scam by madoff ($50 billion) who
now audaciously from his $7 million NYC penthouse seeks ownership of same along
with $62 million (only in systemically fraudulent america). Why are they not
seeking disgorgement from the criminals who benefited from the huge
multi-trillion dollar fraud they perpetrated? No one yet has asked tiny tim
geithner where the missing $4 trillion at the fed is…Why? Then there’s the $2
trillion in taxpayer money, the destination of which the fed refuses disclosure
of…Fed
Hides Destination Of $2 Trillion In Bailout Money …Why? How? This is criminal activity of
monumental proportion, yet protected by the bureaucratic complicit frauds (I’ve
experienced this directly in my RICO case), damaging
lives here and abroad. Then there’s
also the illegal wars, war-profiteering, war crimes, etc., that have bankrupted
this nation, killed many innocents, etc., [remember, ie., the 360 tons of
hundred dollar bills flown into Iraq that democrats/land of fruits and nuts
henry waxman (doesn’t he look like a hedgehog or some other rodent) the lying
fraud talked endlessly about while republicans were at the helm, yet nothing…no
prosecutions…the frauds who stole that money should put same in the failed
‘stimulus fraud pot’…at the least, etc.].
An analyst previously said
2011-2014 earliest for bottoming at best. Another analyst previously
pointed out there has been not one prosecution thus far and the frauds on wall
street should be prosecuted and forced disgorgement. …[The upshot is that the fraud continues in
churn-and-earn fashion with investors, taxpayer, etc., getting burned for the
sake of wall street greed/fraud. The lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds
of trillions of fraudulent/worthless securities, etc. - Analyst Andre Egleshion
puts the amount at $600+trillion) have been
addressed much less solved; hence, virtually all problems remain and there is
but an infinitesimally small fraction of the capital and resources necessary to
solve them thanks to fraud, incompetence, lack of knowledge/ability, greed,
etc.]. Analyst Frank Cochrane looks ahead to 4,000 to
6,000 on the DOW, 700 to 900 on the NASDAQ, and 425 to 625 on the S&P, and
says spending/stimulus programs will not work, a point on which he is correct
and the low end of his ranges closer to reality. Not Just a Few Bad Apples - Corruption is Systemic in
America In
case you believe that there are only “a couple of bad apples” in the United
States, here is an off-the-top-of-his-head (I could give many, many more
including my RICO case) list of
corruption by leading pillars of american society.
HOW
MANY TIMES CAN THE WALL STREET FRAUDS, WITH CYCLICAL REGULARITY, DO THE SAME OR
SIMILAR FRAUD WITH IMPUNITY (STILL NOT ONE PROSECUTION IN THE MOST RECENT MASSIVE SECURITIES FRAUD, BUT PLENTY OF
OBFUSCATION EMANATING FROM THE PERPETRATORS AS WELL AS THOSE WHO SHOULD BE
PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK MARKET BUBBLE BASED UPON
NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T), CHANGING ACCOUNTING RULES TO
FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH THE SOURCE OF FUNDS TO EVEN PAY
BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD IS GENERATED [SAVINGS AND LOAN
DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE, RECYCLED /REPACKAGED /RESOLD
/RECOMMISSIONED WORTHLESS COLLATERALIZED SECURITIES /PAPER (IN THE TRILLIONS
YET STILL NOT ADDRESSED), ETC., THE FRAUDS ARE GETTING LARGER, HENCE THE
RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC! … THAT MONEY HAS TO COME FROM
SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS, … NOT OUT OF THIN AIR! ]
PREVIOUS
7-6,2-09, PREPOSTEROUS WAS THIS SURGE IN THE LAST 20 MINUTES INTO
THE CLOSE FOR SECULAR BEAR MARKET SUCKERS’ RALLY PROGRAMMED TO KEEP SUCKERS
SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) [$$] Big Pay
Packages Return to Wall Street as new fraud gains steam (at The Wall Street
Journal Online) ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
America’s Effective Unemployment Rate at 18.7%? US loses
467,000 jobs, unemployment at 9.5% 'We're in the
Middle of a Crash': Black Swan... (7-2)Seven more banks fail, bringing 2009 tally to more than
double all of 2008 at a total thus far of 52; Private sector sheds another
473,000 jobs in June... US lurching towards ‘debt
explosion’ with long-term interest rates on course to double Jim Rogers Sells Dollars, Plans
to Short Treasuries ‘Sucker’s Rally Beginning To Unwind’ daaaah…? Calls grow to supplant dollar as global currency China officials
call for displacing dollar, in time Tracking Two
Depressions, 1929 and now this HOW MANY TIMES
CAN THE WALL STREET FRAUDS, WITH CYCLICAL REGULARITY, DO THE SAME OR SIMILAR
FRAUD WITH IMPUNITY (STILL NOT ONE PROSECUTION IN THE MOST RECENT MASSIVE SECURITIES FRAUD, BUT PLENTY OF
OBFUSCATION EMANATING FROM THE PERPETRATORS AS WELL AS THOSE WHO SHOULD BE
PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK MARKET BUBBLE BASED UPON
NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T), CHANGING ACCOUNTING RULES TO
FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH THE SOURCE OF FUNDS TO EVEN PAY
BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD IS GENERATED [SAVINGS AND LOAN
DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE, RECYCLED /REPACKAGED /RESOLD
/RECOMMISSIONED WORTHLESS COLLATERALIZED SECURITIES /PAPER (IN THE TRILLIONS
YET STILL NOT ADDRESSED), ETC., THE FRAUDS ARE GETTING LARGER, HENCE THE
RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC! … THAT MONEY HAS TO COME FROM
SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS, … NOT OUT OF THIN AIR! ]
TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , personal
income up modest .2% and spending down, China calls for new reserve currency to
supplant worthless dollar Dollar
And Stocks Drop As China Calls For New Global Currency , continuing
unemployment claims at or near record 627,000, weekly unemployment claims up
15,000, and GDP contraction –5.5%, all worse than expected (lennar wider than
expected quarterly loss rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing words/b.s. from fed which
previously predicted no recession that economy still contracting but that the
contraction is somewhat slowing…what b**l s**t!…, analysts- buffet/economy in
shambles, Hogan/negative GDP growth and inflation owing to debasement of the
dollar as well as deficit spending/pump-priming in the trillions, joker
stein/economy a mess and continued job losses, new home sales down .6%; U.S. Home Prices Drop 6.8
Percent in April as Foreclosures Rise foreclosure sales
up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their
40th bank of the year , Next
Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9%
and big difference between not getting worse and getting better, market got
ahead of itself, stalled out, still depression/more job losses, higher oil-gas
prices / higher interest rates / heavy debt to pare down is 1-3 year drag on
economy, even if believed (I don’t) the labor dept. far better than expected
job numbers by increased debt (spending) to produce same is not economically
sound or sustainable, viz., record spending with record low revenues, rating cuts
for bank sector, analysts concur in significant 5-15% (reality says 15-25%)
pullback/correction for stocks , institutional selling, industrial production/construction down
1.1%, housing starts allegedly up but if believed will only increase the plethora
of unsold inventories, empire manufacturing index suffers unexpectedly severe
decline…daaaah!, credit dard defaults at record high, analysts concur that
fundamentals don’t support stock rally and that pac money(defacto bribes) might
derail any meaningful reform/regulation which is of concern to the frauds on
wall street who should be prosecuted, record loss of wealth, higher gas prices,
job losses, higher interest rates / yields, higher commodity prices, higher
deficits, hyperinflation, record continuing unemployment claims at 6.8 million,
worthless Weimar dollar crashing, money
supply exploding with hyperinflation/higher interest rates coming, budget
deficit at new highs and trade deficit worse than expected, analyst who called
crash says inflationary depression, banks passed stress tests only with the
help of fraudulent change in accounting rules, banks still insolvent, toxic
assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end
of year, Obama/bernanke continuing failed policies of bush greenspan,
recommends getting out of Dodge and u.s. assets , new record for
continuing unemployment claims, fed downgrades outlook that previously provided
b.s. for suckers’ rally, record low for new housing starts, etc.) AND BULL S**T
ALONE (ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
, world economy to shrink by worse than
previously predicted 2.9% and big difference between not getting worse and
getting better, leading indicators
up far more than expected … bull s**t …based in large part on inflated stock
price component … more bull s**t … new reform with
same old frauds say increased capital requirements and oversight of the
overseers/rating agencies (riiiiight!…same old,same old - already have but no
will to enforce existing laws, etc.), analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets Insiders Exit Shares at the
Fastest Pace in Two Years BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... foreclosure
sales up, prices down , ‘SELL IN MAY AND
GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
PREVIOUS
7-1-09, SELL / TAKE ANY PROFITS IN THIS SECULAR BEAR MARKET
SUCKERS’ RALLY PROGRAMMED TO KEEP SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) [$$] Big Pay
Packages Return to Wall Street as new fraud gains steam (at The Wall Street
Journal Online) ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
Job
losses / job concerns realistically weigh on confidence, real estate
values/prices continue downward trend as per Case / Shiller Index (-18.1%, -21%
in california) Gerald Celente speaks on Cap and Trade and other handicaps
to the US economy HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH
CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT ONE
PROSECUTION IN THE MOST RECENT MASSIVE
SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS
WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK
MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T),
CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH
THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD
IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE,
RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED
SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS
ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC!
… THAT MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS,
… NOT OUT OF THIN AIR! ] TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP
SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , personal
income up modest .2% and spending down, China calls for new reserve currency to
supplant worthless dollar Dollar
And Stocks Drop As China Calls For New Global Currency , continuing
unemployment claims at or near record 627,000, weekly unemployment claims up
15,000, and GDP contraction –5.5%, all worse than expected (lennar wider than
expected quarterly loss rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing words/b.s. from fed which
previously predicted no recession that economy still contracting but that the
contraction is somewhat slowing…what b**l s**t!…, analysts- buffet/economy in
shambles, Hogan/negative GDP growth and inflation owing to debasement of the
dollar as well as deficit spending/pump-priming in the trillions, joker
stein/economy a mess and continued job losses, new home sales down .6%; U.S. Home Prices Drop 6.8
Percent in April as Foreclosures Rise foreclosure sales
up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their
40th bank of the year , Next
Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9%
and big difference between not getting worse and getting better, market got
ahead of itself, stalled out, still depression/more job losses, higher oil-gas
prices / higher interest rates / heavy debt to pare down is 1-3 year drag on
economy, even if believed (I don’t) the labor dept. far better than expected
job numbers by increased debt (spending) to produce same is not economically
sound or sustainable, viz., record spending with record low revenues, rating
cuts for bank sector, analysts concur in significant 5-15% (reality says
15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down
1.1%, housing starts allegedly up but if believed will only increase the
plethora of unsold inventories, empire manufacturing index suffers unexpectedly
severe decline…daaaah!, credit dard defaults at record high, analysts concur
that fundamentals don’t support stock rally and that pac money(defacto bribes)
might derail any meaningful reform/regulation which is of concern to the frauds
on wall street who should be prosecuted, record loss of wealth, higher gas
prices, job losses, higher interest rates / yields, higher commodity prices,
higher deficits, hyperinflation, record continuing unemployment claims at 6.8
million, worthless Weimar dollar crashing,
money supply exploding with hyperinflation/higher interest rates coming,
budget deficit at new highs and trade deficit worse than expected, analyst who
called crash says inflationary depression, banks passed stress tests only with
the help of fraudulent change in accounting rules, banks still insolvent, toxic
assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end
of year, Obama/bernanke continuing failed policies of bush greenspan,
recommends getting out of Dodge and u.s. assets , new record for
continuing unemployment claims, fed downgrades outlook that previously provided
b.s. for suckers’ rally, record low for new housing starts, etc.) AND BULL S**T
ALONE (ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
, world economy to shrink by worse than
previously predicted 2.9% and big difference between not getting worse and
getting better, leading
indicators up far more than expected … bull s**t …based in large part on
inflated stock price component … more bull s**t … new
reform with same old frauds say increased capital requirements and oversight of
the overseers/rating agencies (riiiiight!…same old,same old - already have but
no will to enforce existing laws, etc.), analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets Insiders Exit Shares at the
Fastest Pace in Two Years BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... foreclosure
sales up, prices down , ‘SELL IN MAY AND
GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
PREVIOUS
7-1-09, 6-30-09, SECULAR
BEAR MARKET SUCKERS’ RALLY TO END WELL OFF SESSION LOWS TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING
TO KEEP SUCKERS SUCKERED Job
losses / job concerns realistically weigh on confidence, real estate
values/prices continue downward trend as per Case / Shiller Index (-18.1%, -21%
in california) Consumer
confidence suffers steep fall... Home prices post 18% annual
drop... Worldwide Depression: Review of Global Markets . Four banks
fail, bringing 2009 tally to 19 more than all of 2008 at a total thus far of 44 Dollar Falls Most in Month as China Urges New Reserve
Currency Gerald Celente speaks on Cap and Trade and other handicaps
to the US economy HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH
CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT ONE
PROSECUTION IN THE MOST RECENT MASSIVE
SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS
WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK
MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T),
CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH
THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD
IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE,
RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED
SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS
ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC!
… THAT MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS,
… NOT OUT OF THIN AIR! ] TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP
SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , personal
income up modest .2% and spending down, China calls for new reserve currency to
supplant worthless dollar Dollar
And Stocks Drop As China Calls For New Global Currency , continuing
unemployment claims at or near record 627,000, weekly unemployment claims up
15,000, and GDP contraction –5.5%, all worse than expected (lennar wider than
expected quarterly loss rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing words/b.s. from fed which
previously predicted no recession that economy still contracting but that the
contraction is somewhat slowing…what b**l s**t!…, analysts- buffet/economy in
shambles, Hogan/negative GDP growth and inflation owing to debasement of the
dollar as well as deficit spending/pump-priming in the trillions, joker
stein/economy a mess and continued job losses, new home sales down .6%; U.S. Home Prices Drop 6.8
Percent in April as Foreclosures Rise foreclosure sales
up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their
40th bank of the year , Next
Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9%
and big difference between not getting worse and getting better, market got
ahead of itself, stalled out, still depression/more job losses, higher oil-gas
prices / higher interest rates / heavy debt to pare down is 1-3 year drag on
economy, even if believed (I don’t) the labor dept. far better than expected
job numbers by increased debt (spending) to produce same is not economically
sound or sustainable, viz., record spending with record low revenues, rating
cuts for bank sector, analysts concur in significant 5-15% (reality says
15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down
1.1%, housing starts allegedly up but if believed will only increase the
plethora of unsold inventories, empire manufacturing index suffers unexpectedly
severe decline…daaaah!, credit dard defaults at record high, analysts concur
that fundamentals don’t support stock rally and that pac money(defacto bribes)
might derail any meaningful reform/regulation which is of concern to the frauds
on wall street who should be prosecuted, record loss of wealth, higher gas
prices, job losses, higher interest rates / yields, higher commodity prices,
higher deficits, hyperinflation, record continuing unemployment claims at 6.8
million, worthless Weimar dollar crashing,
money supply exploding with hyperinflation/higher interest rates coming,
budget deficit at new highs and trade deficit worse than expected, analyst who
called crash says inflationary depression, banks passed stress tests only with
the help of fraudulent change in accounting rules, banks still insolvent, toxic
assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end
of year, Obama/bernanke continuing failed policies of bush greenspan,
recommends getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not
Over” 6/9/2009 , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
, world economy to shrink by worse than
previously predicted 2.9% and big difference between not getting worse and
getting better, leading
indicators up far more than expected … bull s**t …based in large part on
inflated stock price component … more bull s**t … new
reform with same old frauds say increased capital requirements and oversight of
the overseers/rating agencies (riiiiight!…same old,same old - already have but
no will to enforce existing laws, etc.), analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets Insiders Exit Shares at the
Fastest Pace in Two Years BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... The Next Bubble Is Here. Have You Bought In? foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
PREVIOUS
6-29-09, Worthless
dollar/High oil price stock rally…riiiiight!...Then there’s the madoff
propaganda event Fraudster
Madoff gets 150 years, with prosecutors patting themselves on the
back when the reality is that there has been not even one prosecution in the
massive securities fraud which benefited the wall street frauds greatly and
make madoff look like a piker. Four banks
fail, bringing 2009 tally to 19 more than all of 2008 at a total thus far of 44 Dollar Falls Most in Month as China Urges New Reserve
Currency Gerald Celente speaks on Cap and Trade and other handicaps
to the US economy HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH
CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT ONE
PROSECUTION IN THE MOST RECENT MASSIVE
SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS
WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK
MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T),
CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH
THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD
IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE,
RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED
SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS
ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC!
… THAT MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS,
… NOT OUT OF THIN AIR! ] TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP
SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , personal
income up modest .2% and spending down, China calls for new reserve currency to
supplant worthless dollar Dollar
And Stocks Drop As China Calls For New Global Currency , continuing
unemployment claims at or near record 627,000, weekly unemployment claims up
15,000, and GDP contraction –5.5%, all worse than expected (lennar wider than
expected quarterly loss rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing words/b.s. from fed which
previously predicted no recession that economy still contracting but that the
contraction is somewhat slowing…what b**l s**t!…, analysts- buffet/economy in
shambles, Hogan/negative GDP growth and inflation owing to debasement of the
dollar as well as deficit spending/pump-priming in the trillions, joker
stein/economy a mess and continued job losses, new home sales down .6%; U.S. Home Prices Drop 6.8
Percent in April as Foreclosures Rise foreclosure sales
up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical Damage
Stocks tumble on bleak outlook for world economy U.S. regulators close their
40th bank of the year , Next
Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9%
and big difference between not getting worse and getting better, market got
ahead of itself, stalled out, still depression/more job losses, higher oil-gas
prices / higher interest rates / heavy debt to pare down is 1-3 year drag on
economy, even if believed (I don’t) the labor dept. far better than expected
job numbers by increased debt (spending) to produce same is not economically
sound or sustainable, viz., record spending with record low revenues, rating
cuts for bank sector, analysts concur in significant 5-15% (reality says
15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down
1.1%, housing starts allegedly up but if believed will only increase the
plethora of unsold inventories, empire manufacturing index suffers unexpectedly
severe decline…daaaah!, credit dard defaults at record high, analysts concur
that fundamentals don’t support stock rally and that pac money(defacto bribes)
might derail any meaningful reform/regulation which is of concern to the frauds
on wall street who should be prosecuted, record loss of wealth, higher gas
prices, job losses, higher interest rates / yields, higher commodity prices,
higher deficits, hyperinflation, record continuing unemployment claims at 6.8
million, worthless Weimar dollar crashing,
money supply exploding with hyperinflation/higher interest rates coming,
budget deficit at new highs and trade deficit worse than expected, analyst who
called crash says inflationary depression, banks passed stress tests only with
the help of fraudulent change in accounting rules, banks still insolvent, toxic
assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end
of year, Obama/bernanke continuing failed policies of bush greenspan,
recommends getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not
Over” 6/9/2009 , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
, world economy to shrink by worse than
previously predicted 2.9% and big difference between not getting worse and
getting better, leading
indicators up far more than expected … bull s**t …based in large part on
inflated stock price component … more bull s**t … new
reform with same old frauds say increased capital requirements and oversight of
the overseers/rating agencies (riiiiight!…same old,same old - already have but
no will to enforce existing laws, etc.), analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets Insiders Exit Shares at the
Fastest Pace in Two Years BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... The Next Bubble Is Here. Have You Bought In? , foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
PREVIOUS 6-26-09, Worthless
dollar/High oil price stock rally…riiiiight!...Then there’s the madoff
propaganda event Fraudster
Madoff gets 150 years, with prosecutors patting themselves on the
back when the reality is that there has been not even one prosecution in the
massive securities fraud which benefited the wall street frauds greatly and
make madoff look like a piker. Four banks
fail, bringing 2009 tally to 19 more than all of 2008 at a total thus far of 44 Dollar Falls Most in Month as China Urges New Reserve
Currency Gerald Celente speaks on Cap and Trade and other handicaps
to the US economy HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH
CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT ONE
PROSECUTION IN THE MOST RECENT MASSIVE
SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS
WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK
MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T),
CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH
THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD
IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE,
RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED
SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS
ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC!
… THAT MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS,
… NOT OUT OF THIN AIR! ] TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP
SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , personal
income up modest .2% and spending down, China calls for new reserve currency to
supplant worthless dollar Dollar
And Stocks Drop As China Calls For New Global Currency , continuing
unemployment claims at or near record 627,000, weekly unemployment claims up
15,000, and GDP contraction –5.5%, all worse than expected (lennar wider than
expected quarterly loss rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing words/b.s. from fed which
previously predicted no recession that economy still contracting but that the
contraction is somewhat slowing…what b**l s**t!…, analysts- buffet/economy in
shambles, Hogan/negative GDP growth and inflation owing to debasement of the
dollar as well as deficit spending/pump-priming in the trillions, joker
stein/economy a mess and continued job losses, new home sales down .6%; U.S. Home Prices Drop 6.8
Percent in April as Foreclosures Rise foreclosure
sales up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their
40th bank of the year , Next
Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9%
and big difference between not getting worse and getting better, market got
ahead of itself, stalled out, still depression/more job losses, higher oil-gas
prices / higher interest rates / heavy debt to pare down is 1-3 year drag on
economy, even if believed (I don’t) the labor dept. far better than expected
job numbers by increased debt (spending) to produce same is not economically
sound or sustainable, viz., record spending with record low revenues, rating
cuts for bank sector, analysts concur in significant 5-15% (reality says
15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down
1.1%, housing starts allegedly up but if believed will only increase the
plethora of unsold inventories, empire manufacturing index suffers unexpectedly
severe decline…daaaah!, credit dard defaults at record high, analysts concur
that fundamentals don’t support stock rally and that pac money(defacto bribes)
might derail any meaningful reform/regulation which is of concern to the frauds
on wall street who should be prosecuted, record loss of wealth, higher gas
prices, job losses, higher interest rates / yields, higher commodity prices,
higher deficits, hyperinflation, record continuing unemployment claims at 6.8
million, worthless Weimar dollar crashing,
money supply exploding with hyperinflation/higher interest rates coming,
budget deficit at new highs and trade deficit worse than expected, analyst who
called crash says inflationary depression, banks passed stress tests only with
the help of fraudulent change in accounting rules, banks still insolvent, toxic
assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end
of year, Obama/bernanke continuing failed policies of bush greenspan,
recommends getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not
Over” 6/9/2009 , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
, world economy to shrink by worse than
previously predicted 2.9% and big difference between not getting worse and
getting better, leading
indicators up far more than expected … bull s**t …based in large part on
inflated stock price component … more bull s**t … new
reform with same old frauds say increased capital requirements and oversight of
the overseers/rating agencies (riiiiight!…same old,same old - already have but
no will to enforce existing laws, etc.), analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets Insiders Exit Shares at the
Fastest Pace in Two Years BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... The Next Bubble Is Here. Have You Bought In? , foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/
TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
PREVIOUS 6-26-09, SECULAR BEAR MARKET SUCKERS’ RALLY TO END
MIXED. HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH CYCLICAL REGULARITY, DO
THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT ONE PROSECUTION IN THE MOST
RECENT MASSIVE SECURITIES FRAUD, BUT
PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS WELL AS THOSE WHO
SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK MARKET BUBBLE
BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T), CHANGING ACCOUNTING
RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH THE SOURCE OF FUNDS TO
EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD IS GENERATED [SAVINGS
AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE, RECYCLED /REPACKAGED
/RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED SECURITIES /PAPER (IN THE
TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS ARE GETTING LARGER, HENCE
THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC! … THAT MONEY HAS TO COME
FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS, … NOT OUT OF THIN AIR! ]
TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , personal
income up modest .2% and spending down, China calls for new reserve currency to
supplant worthless dollar Dollar
And Stocks Drop As China Calls For New Global Currency , continuing
unemployment claims at or near record 627,000, weekly unemployment claims up
15,000, and GDP contraction –5.5%, all worse than expected AND BULL S**T
ALONE (ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
, world economy to shrink by worse than
previously predicted 2.9% and big difference between not getting worse and
getting better, leading
indicators up far more than expected … bull s**t …based in large part on
inflated stock price component … more bull s**t … new
reform with same old frauds say increased capital requirements and oversight of
the overseers/rating agencies (riiiiight!…same old,same old - already have but
no will to enforce existing laws, etc.), analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets Insiders Exit Shares at the
Fastest Pace in Two Years BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... The Next Bubble Is Here. Have You Bought In? foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
PREVIOUS
6-25-09, HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH CYCLICAL
REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT ONE PROSECUTION
IN THE MOST RECENT MASSIVE SECURITIES
FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS WELL AS
THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK MARKET
BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T), CHANGING
ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH THE SOURCE
OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD IS
GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE,
RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED
SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS
ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC!
… THAT MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS,
… NOT OUT OF THIN AIR! ] TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP
SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , continuing unemployment claims at or near
record 627,000, weekly unemployment claims up 15,000, and GDP contraction
–5.5%, all worse than expected (lennar wider than expected quarterly loss
rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing words/b.s. from fed which
previously predicted no recession that economy still contracting but that the
contraction is somewhat slowing…what b**l s**t!…, analysts- buffet/economy in
shambles, Hogan/negative GDP growth and inflation owing to debasement of the
dollar as well as deficit spending/pump-priming in the trillions, joker
stein/economy a mess and continued job losses, new home sales down .6%; U.S. Home Prices Drop 6.8
Percent in April as Foreclosures Rise foreclosure sales
up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their
40th bank of the year , Next
Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9%
and big difference between not getting worse and getting better, market got
ahead of itself, stalled out, still depression/more job losses, higher oil-gas
prices / higher interest rates / heavy debt to pare down is 1-3 year drag on
economy, even if believed (I don’t) the labor dept. far better than expected
job numbers by increased debt (spending) to produce same is not economically
sound or sustainable, viz., record spending with record low revenues, rating
cuts for bank sector, analysts concur in significant 5-15% (reality says
15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down
1.1%, housing starts allegedly up but if believed will only increase the
plethora of unsold inventories, empire manufacturing index suffers unexpectedly
severe decline…daaaah!, credit dard defaults at record high, analysts concur
that fundamentals don’t support stock rally and that pac money(defacto bribes)
might derail any meaningful reform/regulation which is of concern to the frauds
on wall street who should be prosecuted, record loss of wealth, higher gas
prices, job losses, higher interest rates / yields, higher commodity prices,
higher deficits, hyperinflation, record continuing unemployment claims at 6.8
million, worthless Weimar dollar crashing,
money supply exploding with hyperinflation/higher interest rates coming,
budget deficit at new highs and trade deficit worse than expected, analyst who
called crash says inflationary depression, banks passed stress tests only with
the help of fraudulent change in accounting rules, banks still insolvent, toxic
assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end
of year, Obama/bernanke continuing failed policies of bush greenspan,
recommends getting out of Dodge and u.s. assets , new record for
continuing unemployment claims, fed downgrades outlook that previously provided
b.s. for suckers’ rally, record low for new housing starts, etc.) AND BULL S**T
ALONE (ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
, world economy to shrink by worse than
previously predicted 2.9% and big difference between not getting worse and
getting better, leading
indicators up far more than expected … bull s**t …based in large part on
inflated stock price component … more bull s**t … new
reform with same old frauds say increased capital requirements and oversight of
the overseers/rating agencies (riiiiight!…same old,same old - already have but
no will to enforce existing laws, etc.), analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets Insiders Exit Shares at the
Fastest Pace in Two Years BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... foreclosure
sales up, prices down , ‘SELL IN MAY AND
GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
PREVIOUS
6-24-09, SECULAR BEAR MARKET SUCKERS RALLY CONTINUES FOR MIXED
CLOSE TO KEEP SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , soothing words/b.s. from fed which
previously predicted no recession that economy still contracting but that the
contraction is somewhat slowing…what b**l s**t!…, analysts- buffet/economy in
shambles, Hogan/negative GDP growth and inflation owing to debasement of the
dollar as well as deficit spending/pump-priming in the trillions, joker
stein/economy a mess and continued job losses, new home sales down .6%; foreclosure sales up 2.4%, prices down 17%
year over year, world economy to shrink by worse than previously
predicted 2.9% and big difference between not getting worse and getting better,
market got ahead of itself, stalled out, still
depression/more job losses, higher oil-gas prices / higher interest rates /
heavy debt to pare down is 1-3 year drag on economy, even if believed (I don’t)
the labor dept. far better than expected job numbers by increased debt
(spending) to produce same is not economically sound or sustainable, viz.,
record spending with record low revenues, rating cuts for bank sector, analysts
concur in significant 5-15% (reality says 15-25%) pullback/correction for
stocks , institutional selling,
industrial production/construction down 1.1%, housing starts allegedly
up but if believed will only increase the plethora of unsold inventories, empire
manufacturing index suffers unexpectedly severe decline…daaaah!, credit dard
defaults at record high, analysts concur that fundamentals don’t support stock
rally and that pac money(defacto bribes) might derail any meaningful
reform/regulation which is of concern to the frauds on wall street who should
be prosecuted, record loss of wealth, higher gas prices, job losses, higher
interest rates / yields, higher commodity prices, higher deficits,
hyperinflation, record continuing unemployment claims at 6.8 million, worthless
Weimar dollar crashing, money supply
exploding with hyperinflation/higher interest rates coming, budget deficit at
new highs and trade deficit worse than expected, analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets Jim Rogers: “The Worst is Not
Over” 6/9/2009 , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
, world economy to shrink by worse than
previously predicted 2.9% and big difference between not getting worse and
getting better, leading
indicators up far more than expected … bull s**t …based in large part on
inflated stock price component … more bull s**t … new
reform with same old frauds say increased capital requirements and oversight of
the overseers/rating agencies (riiiiight!…same old,same old - already have but
no will to enforce existing laws, etc.), analyst who called crash says inflationary
depression, banks passed stress tests only with the help of fraudulent change
in accounting rules, banks still insolvent, toxic assets even more toxic,
dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke
continuing failed policies of bush greenspan, recommends getting out of Dodge
and u.s. assets Insiders Exit Shares at the
Fastest Pace in Two Years BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... The Next Bubble Is Here. Have You Bought In? foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
PREVIOUS
6-23-09, SECULAR BEAR MARKET SUCKERS RALLY INTACT TO KEEP SUCKERS
SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) ]
BASED ON CONTINUED BAD NEWS ( ie., U.S. Home Prices Drop 6.8
Percent in April as Foreclosures Rise foreclosure sales
up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their
40th bank of the year , Next
Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9%
and big difference between not getting worse and getting better, market got
ahead of itself, stalled out, still depression/more job losses, higher oil-gas
prices / higher interest rates / heavy debt to pare down is 1-3 year drag on
economy, even if believed (I don’t) the labor dept. far better than expected
job numbers by increased debt (spending) to produce same is not economically
sound or sustainable, viz., record spending with record low revenues, rating
cuts for bank sector, analysts concur in significant 5-15% (reality says
15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down 1.1%,
housing starts allegedly up but if believed will only increase the plethora of
unsold inventories, empire manufacturing index suffers unexpectedly severe
decline…daaaah!, credit dard defaults at record high, analysts concur that
fundamentals don’t support stock rally and that pac money(defacto bribes) might
derail any meaningful reform/regulation which is of concern to the frauds on
wall street who should be prosecuted, record loss of wealth, higher gas prices,
job losses, higher interest rates / yields, higher commodity prices, higher
deficits, hyperinflation, record continuing unemployment claims at 6.8 million,
worthless Weimar dollar crashing, money
supply exploding with hyperinflation/higher interest rates coming, budget
deficit at new highs and trade deficit worse than expected, analyst who called
crash says inflationary depression, banks passed stress tests only with the
help of fraudulent change in accounting rules, banks still insolvent, toxic
assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end
of year, Obama/bernanke continuing failed policies of bush greenspan,
recommends getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not
Over” 6/9/2009 , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., world economy
to shrink by worse than previously predicted 2.9% and big difference between
not getting worse and getting better, leading indicators up far more than expected … bull s**t …based in
large part on inflated stock price component … more bull s**t … new reform with same old frauds say increased capital
requirements and oversight of the overseers/rating agencies (riiiiight!…same
old,same old - already have but no will to enforce existing laws, etc.),
analyst who called crash says inflationary depression, banks passed stress
tests only with the help of fraudulent change in accounting rules, banks still
insolvent, toxic assets even more toxic, dollar falling and a lot lower to go,
$100 + oil by end of year, Obama/bernanke continuing failed policies of bush
greenspan, recommends getting out of Dodge and u.s. assets , foreclosure
sales up, prices down , ‘SELL IN MAY AND
GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
PREVIOUS
6-22-09, ONLY MODEST LOSSES RELATIVE TO REALITY IN THIS SECULAR
BEAR MARKET TO KEEP SUCKERS SUCKERED AND COMMISSION DOLLARS FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) ]
BASED ON CONTINUED BAD NEWS ( ie., Insiders Exit Shares at the
Fastest Pace in Two Years [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their
40th bank of the year , Next
Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9%
and big difference between not getting worse and getting better, market got
ahead of itself, stalled out, still depression/more job losses, higher oil-gas
prices / higher interest rates / heavy debt to pare down is 1-3 year drag on
economy, even if believed (I don’t) the labor dept. far better than expected
job numbers by increased debt (spending) to produce same is not economically
sound or sustainable, viz., record spending with record low revenues, rating
cuts for bank sector, analysts concur in significant 5-15% (reality says
15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down
1.1%, housing starts allegedly up but if believed will only increase the
plethora of unsold inventories, empire manufacturing index suffers unexpectedly
severe decline…daaaah!, credit dard defaults at record high, analysts concur
that fundamentals don’t support stock rally and that pac money(defacto bribes)
might derail any meaningful reform/regulation which is of concern to the frauds
on wall street who should be prosecuted, record loss of wealth, higher gas
prices, job losses, higher interest rates / yields, higher commodity prices,
higher deficits, hyperinflation, record continuing unemployment claims at 6.8
million, worthless Weimar dollar crashing,
money supply exploding with hyperinflation/higher interest rates coming,
budget deficit at new highs and trade deficit worse than expected, analyst who
called crash says inflationary depression, banks passed stress tests only with
the help of fraudulent change in accounting rules, banks still insolvent, toxic
assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end
of year, Obama/bernanke continuing failed policies of bush greenspan,
recommends getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not
Over” 6/9/2009 , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., world economy to shrink by worse than previously
predicted 2.9% and big difference between not getting worse and getting better,
leading indicators up far more than
expected … bull s**t …based in large part on inflated stock price component …
more bull s**t … new reform with same old frauds
say increased capital requirements and oversight of the overseers/rating
agencies (riiiiight!…same old,same old - already have but no will to enforce
existing laws, etc.), analyst who called crash says inflationary depression,
banks passed stress tests only with the help of fraudulent change in accounting
rules, banks still insolvent, toxic assets even more toxic, dollar falling and
a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed
policies of bush greenspan, recommends getting out of Dodge and u.s. assets Insiders Exit Shares at the
Fastest Pace in Two Years [$$] Market Suffers Some Technical
Damage ----- Existing home foreclosure sales up, and no profit discount car
sales better than expected Diluting like crazy through new stock
bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
PREVIOUS 6-19-09, SECULAR BEAR MARKET PROGRAMMED SUCKERS
RALLY INTO THE CLOSE AS STOCKS END
MIXED STILL IN DEFIANCE OF REALITY TO KEEP SUCKERS SUCKERED AND COMMISSION
DOLLARS FLOWING BASED ON CONTINUED BAD NEWS (
ie., U.S. regulators close their
40th bank of the year , Next
Major Move In Stock Market Will Be Down market got ahead of itself, stalled out,
still depression/more job losses, higher oil-gas prices / higher interest rates
/ heavy debt to pare down is 1-3 year drag on economy, even if believed (I
don’t) the labor dept. far better than expected job numbers by increased debt
(spending) to produce same is not economically sound or sustainable, viz.,
record spending with record low revenues, rating cuts for bank sector, analysts
concur in significant 5-15% (reality says 15-25%) pullback/correction for
stocks , institutional selling,
industrial production/construction down 1.1%, housing starts allegedly
up but if believed will only increase the plethora of unsold inventories,
empire manufacturing index suffers unexpectedly severe decline…daaaah!, credit
dard defaults at record high, analysts concur that fundamentals don’t support
stock rally and that pac money(defacto bribes) might derail any meaningful
reform/regulation which is of concern to the frauds on wall street who should
be prosecuted, record loss of wealth, higher gas prices, job losses, higher
interest rates / yields, higher commodity prices, higher deficits,
hyperinflation, record continuing unemployment claims at 6.8 million, worthless
Weimar dollar crashing, money supply
exploding with hyperinflation/higher interest rates coming, budget deficit at
new highs and trade deficit worse than expected, analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., leading indicators
up far more than expected … bull s**t …based in large part on inflated stock
price component … more bull s**t … new reform with
same old frauds say increased capital requirements and oversight of the
overseers/rating agencies (riiiiight!…same old,same old - already have but no
will to enforce existing laws, etc.), analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets, foreclosure sales up, prices
down ,
‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
PREVIOUS
6-18-09, SECULAR BEAR MARKET PROGRAMMED SUCKERS RALLY INTO THE CLOSE AS STOCKS END MIXED STILL IN
DEFIANCE OF REALITY TO KEEP SUCKERS SUCKERED AND COMMISSION DOLLARS FLOWING
BASED ON CONTINUED BAD NEWS ( ie., U.S. regulators close their
40th bank of the year , Next
Major Move In Stock Market Will Be Down market got ahead of itself, stalled out,
still depression/more job losses, higher oil-gas prices / higher interest rates
/ heavy debt to pare down is 1-3 year drag on economy, even if believed (I
don’t) the labor dept. far better than expected job numbers by increased debt
(spending) to produce same is not economically sound or sustainable, viz.,
record spending with record low revenues, rating cuts for bank sector, analysts
concur in significant 5-15% (reality says 15-25%) pullback/correction for
stocks , institutional selling,
industrial production/construction down 1.1%, housing starts allegedly
up but if believed will only increase the plethora of unsold inventories,
empire manufacturing index suffers unexpectedly severe decline…daaaah!, credit
dard defaults at record high, analysts concur that fundamentals don’t support
stock rally and that pac money(defacto bribes) might derail any meaningful
reform/regulation which is of concern to the frauds on wall street who should
be prosecuted, record loss of wealth, higher gas prices, job losses, higher
interest rates / yields, higher commodity prices, higher deficits,
hyperinflation, record continuing unemployment claims at 6.8 million, worthless
Weimar dollar crashing, money supply
exploding with hyperinflation/higher interest rates coming, budget deficit at
new highs and trade deficit worse than expected, analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., leading indicators
up far more than expected … bull s**t …based in large part on inflated stock
price component … more bull s**t … new reform with
same old frauds say increased capital requirements and oversight of the
overseers/rating agencies (riiiiight!…same old,same old - already have but no
will to enforce existing laws, etc.), analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. , foreclosure sales up, prices
down ,
‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
PREVIOUS 6-18-09, MORE TALK OF
NEW REGULATORY SCHEME WHEN PROSECUTION AND DISGORGEMENT WOULD REALLY BLUNT
INCENTIVE FOR WALL STREET FRAUDS PROSPECTIVELY, SECULAR BEAR MARKET PROGRAMMED
SUCKERS RALLY ON LEADING INDICATORS UP
FAR MORE THAN EXPECTED … BULL S**T …BASED IN LARGE PART ON INFLATED STOCK PRICE
COMPONENT … MORE BULL S**T … AS STOCKS END MIXED STILL IN DEFIANCE OF REALITY
TO KEEP SUCKERS SUCKERED AND COMMISSION DOLLARS FLOWING BASED ON CONTINUED BAD
NEWS ( ie., market got ahead of itself, stalled
out, still depression/more job losses, higher oil-gas prices / higher interest
rates / heavy debt to pare down is 1-3 year drag on economy, even if believed
(I don’t) the labor dept. far better than expected job numbers by increased
debt (spending) to produce same is not economically sound or sustainable, viz.,
record spending with record low revenues, rating cuts for bank sector, analysts
concur in significant 5-15% (reality says 15-25%) pullback/correction for
stocks , institutional selling,
industrial production/construction down 1.1%, housing starts allegedly
up but if believed will only increase the plethora of unsold inventories,
empire manufacturing index suffers unexpectedly severe decline…daaaah!, credit
dard defaults at record high, analysts concur that fundamentals don’t support
stock rally and that pac money(defacto bribes) might derail any meaningful
reform/regulation which is of concern to the frauds on wall street who should
be prosecuted, record loss of wealth, higher gas prices, job losses, higher
interest rates / yields, higher commodity prices, higher deficits,
hyperinflation, record continuing unemployment claims at 6.8 million, worthless
Weimar dollar crashing, money supply
exploding with hyperinflation/higher interest rates coming, budget deficit at
new highs and trade deficit worse than expected, analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets Jim Rogers: “The Worst is Not
Over” 6/9/2009 , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., leading indicators
up far more than expected … bull s**t …based in large part on inflated stock
price component … more bull s**t … new reform with
same old frauds say increased capital requirements and oversight of the
overseers/rating agencies (riiiiight!…same old,same old - already have but no
will to enforce existing laws, etc.), analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
PREVIOUS
6-17-09, SECULAR BEAR MARKET
PROGRAMMED SUCKERS RALLY INTO THE CLOSE AS STOCKS END MIXED IN DEFIANCE OF
REALITY TO KEEP SUCKERS SUCKERED AND COMMISSION DOLLARS FLOWING BASED ON
CONTINUED BAD NEWS ( ie., rating cuts for bank
sector, analysts concur in significant 5-15% (reality says 15-25%)
pullback/correction for stocks , institutional selling, industrial production/construction down
1.1%, housing starts allegedly up but if believed will only increase the
plethora of unsold inventories, empire manufacturing index suffers unexpectedly
severe decline…daaaah!, credit dard defaults at record high, analysts concur
that fundamentals don’t support stock rally and that pac money(defacto bribes)
might derail any meaningful reform/regulation which is of concern to the frauds
on wall street who should be prosecuted, record loss of wealth, higher gas
prices, job losses, higher interest rates / yields, higher commodity prices,
higher deficits, hyperinflation, record continuing unemployment claims at 6.8
million, worthless Weimar dollar crashing,
money supply exploding with hyperinflation/higher interest rates coming,
budget deficit at new highs and trade deficit worse than expected, analyst who
called crash says inflationary depression, banks passed stress tests only with
the help of fraudulent change in accounting rules, banks still insolvent, toxic
assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end
of year, Obama/bernanke continuing failed policies of bush greenspan,
recommends getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not
Over” 6/9/2009 Markets See a Breakdown in
Technical Support Levels Roubini: USA sees
double-dip recession... Dollar
drops on reserve currency doubts China sells US
bonds to ’show concern’ BRICs May Buy
Each Other’s Bonds in Shift From Dollar China’s holding of US bonds
drops first time in 11 months Russia to Raise Reserve
Currency Issue at BRIC International
Demand for Worthless U.S. Assets Slowed in April IMF says worst not over Senator cashed out during big
stock collapse -- after meeting with Fed, Treasury chiefs! America's AAA
downgrade danger...
Treasury
faces pressure on price of TARP exit A depression so deep even
teen shoppers scrimp US cities may have to be bulldozed in order to survive 1st quarter
wiped out $1.3 trillion for Americans Get Ready for Inflation and
Higher Interest Rates Oil prices near $73 as
energy rally continues Fed Would Be Shut Down If It
Were Audited Fed says
economy weak, but sees signs the slide increasing Mounting
deficits spark jitters about U.S. economy Wall Street falls as
realities dent recovery hopes
Bonds fall on
worries about government's debt load (AP) Oil prices
strike new high for 2009 (AP) The depression quietly deepens
CHINA
AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes,
We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake government job loss report near 40%
better than private forecasts…I don’t think so!…9.4% unemployment rate…try well
over 10% and with stopped looking included over 20% , Jim
Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now China explores
buying $50bn in IMF bonds US retailers
report May sales declines Tiny
Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector
job losses/factory orders worse than expected, new record continuing
unemployment claims, bernanke spend more money you don’t have but cut
debilitating deficit…riiiiight…sounds like a plan with more job losses to come,
etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As
the Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD
$63.8 TRILLION... The Big Collapse
Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record
decline in real estate prices, $80+ oil
coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., new reform with same old frauds say increased capital
requirements and oversight of the overseers/rating agencies (riiiiight!…same
old,same old - already have but no will to enforce existing laws, etc.),
analyst who called crash says inflationary depression, banks passed stress
tests only with the help of fraudulent change in accounting rules, banks still
insolvent, toxic assets even more toxic, dollar falling and a lot lower to go,
$100 + oil by end of year, Obama/bernanke continuing failed policies of bush
greenspan, recommends getting out of Dodge and u.s. assets Venture
Capital Bubble Set to Burst, Kedrosky Says Obama Plans to Cut Bank
Regulators, Allow Fed to Supervise Financial Holding Companies – The old fox
guarding the henhouse tricks Federal Reserve unwisely to
gain power under plan Federal Reserve Foolishly
To
Be Given Sweeping New Powers Yen Strengthens Most in Month
as Asian Stocks Drop, Gold Gains RUSSIA
CHALLENGES WORTHLESS DOLLAR... AIG says former
top exec plundered retirement plan [video] The Too-Big-to-Fail
Problem [6.8 min] (at MarketWatch) [$$] Too Big to
Solve? (at The Wall Street Journal Online) Buy and Hold Is
Dead. Long Live Buy and Hold! Financial Bailout Plan Keeps
Zombie Banks Alive Bernanke then as now in denial
about looming crisis 2005-2007 Retail sales,
drop in jobless claims to a very high even if believed 601,000 yielding record
continuing claims of 6.8 million fuel hope…if you’re a dope Lawmakers
blast Fed, Treasury for BofA "threats" Oil climbs over $73 on
hopes for rising demand U.S. Household
Worth Fell by $1.3 Trillion in First Quarter Predictions of $250
a barrel on oil ECB Fears Reality
of Banking Crisis in 2010: Report Get Ready for Inflation and
Higher Interest Rates Bill To Audit Federal Reserve
Now Has 209 Co-Sponsors Russia May Swap Some U.S.
Treasuries for IMF Debt Fed report shows losses on Bear Stearns, AIG holdings Congress subpoenas the Fed ... Finally!
(AP) Brazil in recession, recovery unlikely this year What a “Jobless Recovery”
Really Means: A Massive Redistribution of Wealth from the Little Guy to the Big
Boys Obama
Tells American Businesses to Drop Dead America’s Fed Addiction “87
Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are Unsafe” Fed Said to
Retreat From Seeking Power to Sell Its Own Debt/Bills WIRE:
Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory
Loss
Obama’s economic model versus
reality Reality
bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government
reports better than private estimates…riiiiight! President
of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now Benefit spending
soars to new high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC:
OIL COULD REACH $90... ----- Existing home
foreclosure sales up, and no profit discount car sales better than
expected Diluting like crazy through new stock
bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
PREVIOUS 6-16-09, SECULAR BEAR
MARKET AND ONLY MODEST LOSSES RELATIVE TO REALITY TO KEEP SUCKERS SUCKERED AND
COMMISSION DOLLARS FLOWING BASED ON CONTINUED BAD NEWS ( ie., analysts concur in significant 5-15% pullback/correction for
stocks, institutional selling,
industrial production/construction down 1.1%, housing starts allegedly
up but if believed will only increase the plethora of unsold inventories,
empire manufacturing index suffers unexpectedly severe decline…daaaah!, credit
dard defaults at record high, analysts concur that fundamentals don’t support
stock rally and that pac money(defacto bribes) might derail any meaningful
reform/regulation which is of concern to the frauds on wall street who should
be prosecuted, record loss of wealth, higher gas prices, job losses, higher
interest rates / yields, higher commodity prices, higher deficits,
hyperinflation, record continuing unemployment claims at 6.8 million, worthless
Weimar dollar crashing, money supply
exploding with hyperinflation/higher interest rates coming, budget deficit at
new highs and trade deficit worse than expected, analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets -----
mortgage apps. down, service sector job losses/factory orders worse than
expected, new record continuing unemployment claims, bernanke spend more money
you don’t have but cut debilitating deficit…riiiiight…sounds like a plan with
more job losses to come, etc, new
record for continuing unemployment claims, fed downgrades outlook that
previously provided b.s. for suckers’ rally, record low for new housing starts,
etc.) AND BULL S**T ALONE (ie., Analyst who called crash says inflationary depression,
banks passed stress tests only with the help of fraudulent change in accounting
rules, banks still insolvent, toxic assets even more toxic, dollar falling and
a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed
policies of bush greenspan, recommends getting out of Dodge and u.s. foreclosure
sales up, prices down , ‘SELL IN MAY AND
GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
PREVIOUS 6-15-09, SECULAR BEAR
MARKET PROGRAMMED SUCKERS RALLY INTO THE CLOSE TO FINISH WELL OFF THE LOWS WITH
MODEST LOSSES RELATIVE TO REALITY TO KEEP SUCKERS SUCKERED AND COMMISSION
DOLLARS FLOWING BASED ON CONTINUED BAD NEWS (
ie., empire manufacturing index suffers unexpectedly severe decline…daaaah!,
credit dard defaults at record high, analysts concur that fundamentals don’t
support stock rally and that pac money(defacto bribes) might derail any
meaningful reform/regulation which is of concern to the frauds on wall street
who should be prosecuted, record loss of wealth, higher gas prices, job losses,
higher interest rates / yields, higher commodity prices, higher deficits,
hyperinflation, record continuing unemployment claims at 6.8 million, worthless
Weimar dollar crashing, money supply
exploding with hyperinflation/higher interest rates coming, budget deficit at
new highs and trade deficit worse than expected, analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s., new record for
continuing unemployment claims, fed downgrades outlook that previously provided
b.s. for suckers’ rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., Analyst
who called crash says inflationary depression, banks passed stress tests only
with the help of fraudulent change in accounting rules, banks still insolvent,
toxic assets even more toxic, dollar falling and a lot lower to go, $100 + oil
by end of year, Obama/bernanke continuing failed policies of bush greenspan,
recommends getting out of Dodge and u.s. assets foreclosure sales up, prices
down ,
‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
PREVIOUS
6-11,12-09, HOW MANY TIMES
CAN THE WALL STREET FRAUDS, WITH CYCLICAL REGULARITY, DO THE SAME OR SIMILAR
FRAUD WITH IMPUNITY (STILL NOT ONE PROSECUTION IN THE MOST RECENT MASSIVE SECURITIES FRAUD, BUT PLENTY OF
OBFUSCATION EMANATING FROM THE PERPETRATORS AS WELL AS THOSE WHO SHOULD BE
PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK MARKET BUBBLE BASED UPON
NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T), CHANGING ACCOUNTING RULES TO
FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH THE SOURCE OF FUNDS TO EVEN PAY
BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD IS GENERATED [SAVINGS AND LOAN
DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE, RECYCLED /REPACKAGED /RESOLD
/RECOMMISSIONED WORTHLESS COLLATERALIZED SECURITIES /PAPER (IN THE TRILLIONS
YET STILL NOT ADDRESSED), ETC., THE FRAUDS ARE GETTING LARGER, HENCE THE
RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC! … THAT MONEY HAS TO COME FROM
SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS, … NOT OUT OF THIN AIR! ]
, 300 - 1,000+ % SWING TO THE UPSIDE
INTO THE CLOSE IN THIS SECULAR BEAR MARKET PROGRAMMED SUCKERS RALLY TO KEEP
SUCKERS SUCKERED AND COMMISSION DOLLARS FLOWING BASED ON CONTINUED BAD NEWS ( ie., record loss of wealth, higher gas prices, job losses, higher
interest rates / yields, higher commodity prices, higher deficits,
hyperinflation, record continuing unemployment claims at 6.8 million, worthless
Weimar dollar crashing, money supply
exploding with hyperinflation/higher interest rates coming, budget deficit at
new highs and trade deficit worse than expected, analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets Jim Rogers: “The Worst is Not
Over” 6/9/2009 Treasury
faces pressure on price of TARP exit A depression so deep even
teen shoppers scrimp US cities may have to be bulldozed in order to survive 1st quarter
wiped out $1.3 trillion for Americans Get Ready for Inflation and
Higher Interest Rates Oil prices near $73 as
energy rally continues Fed Would Be Shut Down If It
Were Audited Fed says
economy weak, but sees signs the slide increasing Mounting
deficits spark jitters about U.S. economy Wall Street falls as
realities dent recovery hopes
Bonds fall on
worries about government's debt load (AP) Oil prices
strike new high for 2009 (AP) The depression quietly deepens
CHINA
AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes,
We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake government job loss report near 40%
better than private forecasts…I don’t think so!…9.4% unemployment rate…try well
over 10% and with stopped looking included over 20% , Jim
Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now China explores
buying $50bn in IMF bonds US retailers
report May sales declines Tiny
Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector
job losses/factory orders worse than expected, new record continuing
unemployment claims, bernanke spend more money you don’t have but cut
debilitating deficit…riiiiight…sounds like a plan with more job losses to come,
etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As
the Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD
$63.8 TRILLION... The Big Collapse
Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record
decline in real estate prices, $80+ oil
coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., Analyst who called crash says inflationary depression,
banks passed stress tests only with the help of fraudulent change in accounting
rules, banks still insolvent, toxic assets even more toxic, dollar falling and
a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed
policies of bush greenspan, recommends getting out of Dodge and u.s.
assets Venture
Capital Bubble Set to Burst, Kedrosky Says Buy and Hold Is
Dead. Long Live Buy and Hold! Financial Bailout Plan Keeps
Zombie Banks Alive Bernanke then as now in denial
about looming crisis 2005-2007 Retail sales,
drop in jobless claims to a very high even if believed 601,000 yielding record
continuing claims of 6.8 million fuel hope…if you’re a dope Lawmakers
blast Fed, Treasury for BofA "threats" Oil climbs over $73 on
hopes for rising demand U.S. Household
Worth Fell by $1.3 Trillion in First Quarter Predictions of $250
a barrel on oil ECB Fears Reality
of Banking Crisis in 2010: Report Get Ready for Inflation and
Higher Interest Rates Bill To Audit Federal Reserve
Now Has 209 Co-Sponsors Russia May Swap Some U.S.
Treasuries for IMF Debt Fed report shows losses on Bear Stearns, AIG holdings Congress subpoenas the Fed ... Finally!
(AP) Brazil in recession, recovery unlikely this year What a “Jobless Recovery”
Really Means: A Massive Redistribution of Wealth from the Little Guy to the Big
Boys Obama
Tells American Businesses to Drop Dead America’s Fed Addiction “87
Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are Unsafe” Fed Said to
Retreat From Seeking Power to Sell Its Own Debt/Bills WIRE:
Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory
Loss
Obama’s economic model versus
reality Reality
bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government
reports better than private estimates…riiiiight! President
of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now Benefit spending
soars to new high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC:
OIL COULD REACH $90... ----- Existing home
foreclosure sales up, and no profit discount car sales better than
expected Diluting like crazy through new stock
bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
PREVIOUS 6-10-09, MODEST LOSSES
WITH SECULAR BEAR MARKET PROGRAMMED SUCKERS RALLY INTO THE CLOSE TO KEEP
SUCKERS SUCKERED AND COMMISSION DOLLARS FLOWING BASED ON CONTINUED BAD NEWS ( ie., budget deficit at new
highs and trade deficit worse than expected, analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets Jim Rogers: “The Worst is Not
Over” 6/9/2009 Fed Would Be Shut Down If It
Were Audited Fed says
economy weak, but sees signs the slide increasing Mounting
deficits spark jitters about U.S. economy Wall Street falls as
realities dent recovery hopes
Bonds fall on
worries about government's debt load (AP) Oil prices
strike new high for 2009 (AP) The depression quietly deepens
CHINA
AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes,
We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake government job loss report near 40%
better than private forecasts…I don’t think so!…9.4% unemployment rate…try well
over 10% and with stopped looking included over 20% , Jim
Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now China explores
buying $50bn in IMF bonds US retailers
report May sales declines Tiny
Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector
job losses/factory orders worse than expected, new record continuing
unemployment claims, bernanke spend more money you don’t have but cut
debilitating deficit…riiiiight…sounds like a plan with more job losses to come,
etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As
the Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD
$63.8 TRILLION... The Big Collapse
Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities Sell-Off
Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record
decline in real estate prices, $80+ oil
coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., Analyst who called crash says inflationary depression,
banks passed stress tests only with the help of fraudulent change in accounting
rules, banks still insolvent, toxic assets even more toxic, dollar falling and
a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed
policies of bush greenspan, recommends getting out of Dodge and u.s.
assets Get Ready for Inflation and
Higher Interest Rates Bill To Audit Federal Reserve
Now Has 209 Co-Sponsors Russia May Swap Some U.S.
Treasuries for IMF Debt Fed report shows losses on Bear Stearns, AIG holdings Congress subpoenas the Fed ... Finally!
(AP) Brazil in recession, recovery unlikely this year What a “Jobless Recovery”
Really Means: A Massive Redistribution of Wealth from the Little Guy to the Big
Boys Obama
Tells American Businesses to Drop Dead America’s Fed Addiction “87
Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are Unsafe” Fed Said to
Retreat From Seeking Power to Sell Its Own Debt/Bills WIRE:
Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory
Loss
Obama’s economic model versus
reality Reality
bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government
reports better than private estimates…riiiiight! President
of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now Benefit spending
soars to new high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC:
OIL COULD REACH $90... ----- Existing home
foreclosure sales up, and no profit discount car sales better than
expected Diluting
like crazy through new stock bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN MAY
AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
PREVIOUS
6-8,9-09, INFLATIONARY
DEPRESSION IS THE CALL EVEN AS SECULAR BEAR MARKET PROGRAMMED SUCKERS RALLY
CONTINUES TO KEEP SUCKERS SUCKERED AND COMMISSION DOLLARS FLOWING BASED ON
CONTINUED BAD NEWS ( ie., Analyst who called crash says inflationary
depression, banks passed stress tests only with the help of fraudulent change
in accounting rules, banks still insolvent, toxic assets even more toxic,
dollar falling and a lot lower to go, $100 + oil by end of year, Obama/bernanke
continuing failed policies of bush greenspan, recommends getting out of Dodge
and u.s. assets The depression quietly deepens
CHINA
AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes,
We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake government job loss report near 40%
better than private forecasts…I don’t think so!…9.4% unemployment rate…try well
over 10% and with stopped looking included over 20% , Jim
Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now China explores
buying $50bn in IMF bonds US retailers
report May sales declines Tiny
Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector job
losses/factory orders worse than expected, new record continuing unemployment
claims, bernanke spend more money you don’t have but cut debilitating
deficit…riiiiight…sounds like a plan with more job losses to come, etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As
the Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD
$63.8 TRILLION... The Big Collapse
Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record
decline in real estate prices, $80+ oil
coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., Analyst who called crash says inflationary depression,
banks passed stress tests only with the help of fraudulent change in accounting
rules, banks still insolvent, toxic assets even more toxic, dollar falling and
a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed
policies of bush greenspan, recommends getting out of Dodge and u.s. assets Congress subpoenas the Fed ... Finally!
(AP) Brazil in recession, recovery unlikely this year What a “Jobless Recovery”
Really Means: A Massive Redistribution of Wealth from the Little Guy to the Big
Boys Obama
Tells American Businesses to Drop Dead America’s Fed Addiction “87
Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are Unsafe” Fed Said to
Retreat From Seeking Power to Sell Its Own Debt/Bills WIRE:
Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory
Loss
Obama’s economic model versus
reality Reality
bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government
reports better than private estimates…riiiiight! President
of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S.
unemployment hits record but job losses slow if you foolishly believe fake government
reports near 40% better than private estimates - I don’t think so! …now Benefit spending
soars to new high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC:
OIL COULD REACH $90... ----- Existing home foreclosure
sales up, and no profit discount car sales better than expected Diluting like crazy through new stock
bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
PREVIOUS 6-5-09, SECULAR BEAR
MARKET PROGRAMMED SUCKERS RALLY INTO THE CLOSE TO KEEP SUCKERS SUCKERED BASED
ON CONTINUED BAD NEWS ( ie., Yes,
We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake government job loss report near 40%
better than private forecasts…I don’t think so!…9.4% unemployment rate…try well
over 10% and with stopped looking included over 20% , Jim
Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now China explores
buying $50bn in IMF bonds US retailers
report May sales declines Tiny
Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector
job losses/factory orders worse than expected, new record continuing
unemployment claims, bernanke spend more money you don’t have but cut
debilitating deficit…riiiiight…sounds like a plan with more job losses to come,
etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As
the Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD
$63.8 TRILLION... The Big Collapse
Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record
decline in real estate prices, $80+ oil
coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., Long-Term Economic Memory
Loss
Obama’s economic model versus
reality Reality
bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government
reports better than private estimates…riiiiight! President
of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now Benefit spending
soars to new high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC:
OIL COULD REACH $90... ----- Existing home
foreclosure sales up, and no profit discount car sales better than
expected Diluting like crazy through new stock
bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
PREVIOUS
6-5-09, FAKE GOVERNMENT JOBS
REPORT FUELS SECULAR BEAR MARKET PROGRAMMED SUCKERS RALLY TO KEEP SUCKERS
SUCKERED BASED ON CONTINUED BAD NEWS (
ie., Fake government job loss report near 40% better than private forecasts…I
don’t think so!…9.4% unemployment rate…try well over 10% and with stopped
looking included over 20% , Jim
Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now China explores
buying $50bn in IMF bonds US retailers
report May sales declines Tiny
Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector
job losses/factory orders worse than expected, new record continuing unemployment
claims, bernanke spend more money you don’t have but cut debilitating
deficit…riiiiight…sounds like a plan with more job losses to come, etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As
the Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD
$63.8 TRILLION... The Big Collapse
Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record
decline in real estate prices, $80+ oil
coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’ rally,
record low for new housing starts, etc.) AND BULL S**T ALONE (ie., government reports
better than private estimates…riiiiight!
President
of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now Benefit spending
soars to new high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC:
OIL COULD REACH $90... ----- Existing home
foreclosure sales up, and no profit discount car sales better than
expected Diluting like crazy through new stock
bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
PREVIOUS 6-4-09, SHORT-COVERING/SUCKERS
RALLY TO KEEP SUCKERS SUCKERED BASED ON CONTINUED BAD NEWS ( ie., US retailers
report May sales declines Tiny
Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector
job losses/factory orders worse than expected, new record continuing
unemployment claims, bernanke spend more money you don’t have but cut
debilitating deficit…riiiiight…sounds like a plan with more job losses to come,
etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As
the Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD
$63.8 TRILLION... The Big Collapse
Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record
decline in real estate prices, $80+ oil
coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new
record for continuing unemployment claims, fed downgrades outlook that
previously provided b.s. for suckers’ rally, record low for new housing starts,
etc.) AND BULL S**T ALONE (ie., government reports
slightly better than private estimates…riiiiight! Benefit spending
soars to new high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC:
OIL COULD REACH $90... ----- Existing home
foreclosure sales up, and no profit discount car sales better than
expected Diluting like crazy through new stock
bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
PREVIOUS 6-3-09, ONLY MODEST
LOSSES RELATIVE TO REALITY WITH PROGRAMMED SHORT-COVERING/SUCKERS RALLY INTO
THE CLOSE TO KEEP SUCKERS SUCKERED BASED ON CONTINUED BAD NEWS ( ie., mortgage apps. down, service sector job losses/factory orders
worse than expected, new record continuing unemployment claims, bernanke spend
more money you don’t have but cut debilitating deficit…riiiiight…sounds like a
plan with more job losses to come, etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As
the Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD
$63.8 TRILLION... The Big Collapse
Is Very Near Dollar Declines as Nations Mull Reserve Currency Alternative
Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record
decline in real estate prices, $80+ oil
coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC:
OIL COULD REACH $90... ----- Existing home
foreclosure sales up, and no profit discount car sales better than
expected Diluting like crazy through new stock
bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
ANALYST FORECASTS: BULLS AND BEARS By Richard Shaw [there were 3 bull forecasts which are bull
s**t and not included in the following excerpt to preclude fraud and conserve
space; even the neutrals are a stretch]
…..BEAR - May 30: Morgan Stanley equity analyst Jason Todd says sell this
S&P 500 rally. He says Morgan Stanley does not see large upside above 825-850.
He said, “In the rush to buy a cyclical recovery, it seems earnings or
valuation no longer matters. We would be comfortable with this view if the
earnings trough was closer, but it is not.”
BEAR - MAY 28: Berkshire Hathaway possible successor
to Warren Buffet, David Sokol, says they see no evidence of the green shoots
that been a stimulus to the stock market. He sees the most significant
headwinds to the electric utility industry in his 30 years, and see continuing
housing industry problems.
BEAR?/BULL? - May 28: PIMCO co-CEO Bill Gross (manager of
world’s largest bond fund) portrays “new normal” including accelerating
inflation toward the latter part of a three- to five-year cycle, and the need
to reexamine accepted notions about investing. He said stocks have not and will
not always outperform bonds, and having 60% to 80% of portfolio assets in
stocks may not always make sense. He believes the dollar will lose its status
as the reserve currency; Brazil, India and China (forget Russia) will offer the
best growth. The U.S. government will be selling trillions in Treasuries; the
US savings rate may rise significantly, and the consumer economy may be
shrinking long term due to the aging of the population.
BULL?/BEAR? - May 28: GMO CEO Jeremy Grantham predicts
higher US savings and lower consumption with many postponed retirements. He
sees some reasonable values within the stock market now and sees the third year
of the presidential cycle (2011) as the most promising. He is not certain that
a robust rally will continune. Like John Bogle, he believes in the principle of
having your age as the percentage of bonds in your portfolio. He expects a
bubble in emerging market stocks to develop.
BEAR - MAY 26: Comstock Partners portfolio managers
Charlie Minter and Marty Weiner, say P/E’s on “as reported earnings” are too
high in consideration of the long-term trend in earnings (now in down phase).
“Over the past 75 years, most market peaks topped at around 20 times reported
earnings, and the troughs occurred at around 10 times earnings. The financial
mania of the late 1990s pushed P/Es to over 40 times reported earnings, and the
following bust never brought P/Es below 18 times reported earnings. … Going
back to 1950, every instance where actual earnings rose above trend-line
earnings was followed by a period where actual earnings went well below
trend-line earnings. Comstock Partners believes that we have entered such a
period now, and that the market is trading at such a high multiple of
trend-line earnings that it will be difficult to make money.”
BEAR - May 19: Gluskin Sheff analyst David Rosenberg
(formerly of Merill Lynch) says this rally is a sucker’s rally based on short
covering. “The FTSE All-World market P/E ratio on forward earnings estimates is
now around 15x, well above pre-Lehman collapse levels and nearly double the
lows for the cycle … this was a rally built largely on short covering, pension
fund rebalancing and the emergence of hope wrapped up in ‘green shoot’ data
points. … On average, the S&P 500 undergoes a correction of more than 20% …
at a minimum, take profits”
NEUTRAL (BEAR?) - May 11: Baring Asset Management portfolio
manager Hayes Miller says “Estimates suggest there isn’t that much further to
run because equities are fairly valued … Earnings growth for 2009 and 2010
can’t support prices too much higher than where we are today.”
BEAR - May 11: HSBC Global Asset Management chief
investment officer Leon Goldfeld, chief investment officer at HSBC Global Asset
Management said it’s “hard to see” enough profit growth to justify higher stock
prices. The firm’s strategy will be to reduce its holdings of equities and move
into bonds and cash, he said.Bloomberg TV on June 1, said HSBC forecasts 900 as
the year-end price for the S&P 500 index.
NEUTRAL - May 11: Bloomberg compilation of analyst
forecasts of 2009 earnings for the S&P 500 is at $57.17 (not stated whether
“as reported” or “operating”). As of June 1, that puts the S&P at about
16.5 times forecasted earnings. Yale economist Robert Schiller said the
historic average is a multiple of about 16.3. [we note that we are not in an
average situation or stage of a market, however].
BEAR - May 11: Bank of America CIO for private wealth
management expects a 10% correction. He said, “We’re going to be in a very
volatile, chop-and-grind type of market. We’ve been shown that there is a small
light at the end of the tunnel, it’s dim but getting brighter, and that’s why
stock prices have come this far this fast. Now, it’s all about ‘show me.’”
BEAR?/ BULL? - May Letter: PIMCO co-CEO Bill Gross wrote: “Do not
be deceived by the euphoric sightings of “green shoots” and the claims for new
bull markets in a multitude of asset classes. Stable and secure income is still
the order of the day. Shaking hands with the new government is still the
prescribed strategy, although it should be done at a senior level of the
balance sheet. If the government indeed becomes your investment partner, you
should keep the big Uncle in clear sight and without back turned. Risk will not
likely be rewarded until the global economy stabilizes and the Obama rules of
order are more clearly defined.”
BEAR - April 17: Barclay’s analyst Barry Knapp
forecasts S&P 500 at 757 by year-end 2009. He said, “The equity market has
priced this recovery and then some. It looks pretty expensive to us.”
PROGRAMMED
TRADES/SUCKERS’ HIGH OIL/LOW DOLLAR (RIIIIIGHT!) RALLY INTO THE CLOSE TO KEEP
SUCKERS SUCKERED BASED ON BAD NEWS ( ie., GOV'T OWES RECORD
$63.8 TRILLION... Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record decline in real estate
prices, $80+ oil coming
this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE
(ie., Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
PREVIOUS 5-29-09, PROGRAMMED TRADES/SUCKERS’ HIGH OIL/LOW DOLLAR
(RIIIIIGHT!) RALLY INTO THE CLOSE TO KEEP SUCKERS SUCKERED BASED ON BAD NEWS (
ie., GOV'T OWES RECORD
$63.8 TRILLION... Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record decline in real estate
prices, $80+ oil coming
this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE
(ie., Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
PREVIOUS
5-28-09, SUCKERS’ RALLY INTO THE CLOSE TO KEEP SUCKERS SUCKERED
BASED ON BAD NEWS ( ie., Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record decline in real estate
prices, $80+ oil coming
this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE
(ie., Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Foreclosure
woes mount for those with good credit Fed Finds a Way
to Use Stress Tests to Screw Bank Shareholders One More Time (at Seeking Alpha) Time Warner to spin off
AOL, ending ill-fated deal
[$$] Listen, But Don't Get
Suckered Faber: Inflation to 'Approach
Zimbabwe Level'... U.S. Weighs Single
Agency to Regulate Banking Industry Yet Ignores Existing Laws, Prosecution, and
Disgorgement in this Huge Fraud…Why
PREVIOUS
5-27-09, MODEST LOSSES RELATIVE TO REALITY TO KEEP SUCKERS
SUCKERED BASED ON BAD NEWS ( ie., Double-Dip Depression Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Case-Shillers index shows new record
decline in real estate prices, $80+ oil
coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro Britain's Debt Outlook Gets Bleaker: Same
Implications for the U.S…how could anyone be surprised about that? Regulators shut
2 more, 35 and 36, failed banks this year in Illinois (AP) GM borrows $4
billion more, prepares for bankruptcy Job losses up in 44 states
as recession drags on Florida's BankUnited fails, will cost FDIC $4.9B
(AP) Regulators seize 34th bank failure of year Florida's
BankUnited FSB (AP) ,
new record for continuing unemployment claims, fed downgrades outlook
that previously provided b.s. for suckers’ rally, record low for new housing
starts, etc.) AND BULL S**T ALONE (ie., Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down Treasury Selloff Spiking Interest Rates GM bankruptcy seen near GM all but certain to file for Chapter 11 US
Government to Take Up 70% Stake in GM FDIC
Fund Running Dry Yahoo Finance | As the FDIC
has had to step in to take over more and more insolvent banks, the fund has
dwindled to dangerously low levels. At the same time, the number of problem
banks continues to grow at a rapid pace.
IRS tax revenue falls along with taxpayers’ income USA
Today | Federal tax revenue plunged $138 billion, or 34%, in April vs.
a year ago — the biggest April drop since 1981. ‘SELL IN MAY AND
GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME "You have to balance hope with reality," says Doug
Sandler, chief equity officer at Riverfront Investment Group. Sandler tells
Andrew O'Day "this is a good example of a year where you probably have a
lot of hope early, then the reality coming through Wall Street sags on oil; S&P ends worst week
in 2 months Following Chrysler, GM slashing U.S. dealers SEC lawyers probed for insider trading GM, Chrysler to drop 1,900 dealers by end of
2010 The Financial Storm Obama Says U.S. Long-Term Debt
Load ‘Unsustainable’ “The Worst Is Yet to Come” China’s
yuan ’set to usurp US dollar’ as world’s reserve currency Former
Treasury Official who Devised Formula for Rate-Setting Based on Outlook for
Inflation and Growth Warns that Inflation Looms, Slams Fed Policy Dr.
Doom: Capitalism Could Fail Like Communism New York Fed: Most Powerful
Financial Institution You’ve Never Heard Of along with the missing $4 trillion
you’ve never heard of Home Prices Drop Most on
Record... Federal Hiring
Frenzy......average pay $75,419 A Coming Flood
of Equity Issuance, aka The Dilution Solution Fed cut banks' deficits after negotiations: sounds like a
plan…riiiiight!…report
Buffett's Berkshire has first loss since 2001 Are stocks a loser's bet?YES! Deficits soar
even with rosy assumptions in new Obama budget... America is broke. How broke? White House forecasts higher budget
deficit US red ink rising even higher, to $1.8T Deficits soar
even with rosy assumptions in new Obama budget... STIMULUS WATCH:
Early road aid leaves out neediest; Auditors can't track transportation
funds... Gas price jumps
to 6-month high... Six GM executives sell more than 200,000
shares John Hussman: Post
Crash Bubbles …Unfortunately, “fear”
lows are only evident in hindsight, because as we saw in 2008, a deeply
oversold market can become spectacularly more oversold before recovering, and
the “fast, furious” spikes off of those lows are often followed by steep
failures.... Fed Inspector General Claims She Does Not Know Where
Trillions Went Rep. Alan Grayson
| Inspector General Elizabeth Coleman responds that the IG does not know and is
not tracking where this money is.
Recovery?
What Recovery? Newsweek
| Don’t tell me that the economy is getting better, or has even hit rock
bottom. Prospects
of a quick economic recovery are but fool’s gold Boosting The Dying Dollar With A False Rally Suckers rally
sets up the unwinding of the market, Rally just like in 1933, wealth producers
becoming impoverished, Fed officer busted for fraud, troubles in the Economy
are far beyond fixing, interdependence of banks around the world expected to
worsen economic problems. New York
Fed chairman Friedman abruptly resigns BEWARE OF THE
SUCKER'S RALLY? Betrayal of the People By Wall Street, Banks, and
Government FLASH: Treasury
Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama
Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression
PREVIOUS 5-26-09, suckers’ rally
to keep suckers suckered based on bad news ( ie., Case-Shillers index shows new record
decline in real estate prices, Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro Britain's Debt Outlook Gets Bleaker: Same
Implications for the U.S…how could anyone be surprised about that? Regulators shut
2 more, 35 and 36, failed banks this year in Illinois (AP) GM borrows $4
billion more, prepares for bankruptcy Job losses up in 44 states
as recession drags on Florida's BankUnited fails, will cost FDIC
$4.9B (AP) Regulators seize 34th bank failure of year Florida's
BankUnited FSB (AP) ,
new record for continuing unemployment claims, fed downgrades outlook
that previously provided b.s. for suckers’ rally, record low for new housing
starts, etc.) and bull s**t alone (ie., fake consumer confidence reading 30+% better than private
estimate sucker-rallies stocks , Current Recession Is Tracking the 1930s Bear
Market , Another Bottom
for Stocks Coming: Rogers (at CNBC) , The Sleepwalkers' Rally , Rogers Echoes Warning Of “Sucker’s Rally” ,
don’t forget that the suckers rally stock prices accounted for the very modest
but ephemeral uptick in leading indicators
Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars ) , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! America is broke. How broke? White House forecasts higher budget
deficit US red ink rising even higher, to $1.8T Deficits soar
even with rosy assumptions in new Obama budget... STIMULUS WATCH:
Early road aid leaves out neediest; Auditors can't track transportation
funds... Gas price jumps
to 6-month high... Six GM executives sell more than 200,000
shares John Hussman: Post
Crash Bubbles …Unfortunately, “fear”
lows are only evident in hindsight, because as we saw in 2008, a deeply
oversold market can become spectacularly more oversold before recovering, and
the “fast, furious” spikes off of those lows are often followed by steep
failures.... Fed Inspector General Claims She Does Not Know Where
Trillions Went Rep. Alan Grayson
| Inspector General Elizabeth Coleman responds that the IG does not know and is
not tracking where this money is.
Recovery?
What Recovery? Newsweek
| Don’t tell me that the economy is getting better, or has even hit rock
bottom. Prospects
of a quick economic recovery are but fool’s gold Boosting The Dying Dollar With A False Rally Suckers rally
sets up the unwinding of the market, Rally just like in 1933, wealth producers
becoming impoverished, Fed officer busted for fraud, troubles in the Economy
are far beyond fixing, interdependence of banks around the world expected to
worsen economic problems. New York
Fed chairman Friedman abruptly resigns BEWARE OF THE
SUCKER'S RALLY? Betrayal of the People By Wall Street, Banks, and
Government FLASH: Treasury
Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama
Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression
PREVIOUS
5-22-09, only very modest losses relative to reality based on bad
news ( ie., Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro Britain's Debt Outlook Gets Bleaker: Same
Implications for the U.S…how could anyone be surprised about that? Regulators shut
2 more, 35 and 36, failed banks this year in Illinois (AP) GM borrows $4
billion more, prepares for bankruptcy Job losses up in 44 states
as recession drags on Florida's BankUnited fails, will cost FDIC
$4.9B (AP) Regulators seize 34th bank failure of year Florida's
BankUnited FSB (AP) ,
new record for continuing unemployment claims, fed downgrades outlook
that previously provided b.s. for suckers’ rally, record low for new housing
starts, etc.) and bull s**t alone (Current Recession Is Tracking the 1930s Bear
Market , Another Bottom
for Stocks Coming: Rogers (at CNBC) , The Sleepwalkers' Rally , Rogers Echoes Warning Of “Sucker’s Rally” ,
don’t forget that the suckers rally stock prices accounted for the very modest
but ephemeral uptick in leading indicators ) , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Regulators shut
2 more, 35 and 36, failed banks this year in Illinois (AP) GM borrows $4
billion more, prepares for bankruptcy Job losses up in 44 states
as recession drags on Bill to Audit Fed Wisely Gains
Serious Momentum U.S. to Steer GM Toward
Bankruptcy Gold tops $960 for first time in
two months as dollar weakens South
Afica gold coin demand hits all time high Peter
Schiff called “Extremist” by Time Magazine Geithner
Vows to Cut U.S. Deficit on Rating Concern…riiiiight!…con Gold
Poised for Third Weekly Gain as Dollar Slumps Against Euro SEC lawyers probed for insider trading GM, Chrysler to drop 1,900 dealers by end of
2010 The Financial Storm Obama Says U.S. Long-Term Debt
Load ‘Unsustainable’ “The Worst Is Yet to Come” China’s
yuan ’set to usurp US dollar’ as world’s reserve currency Former
Treasury Official who Devised Formula for Rate-Setting Based on Outlook for
Inflation and Growth Warns that Inflation Looms, Slams Fed Policy Dr.
Doom: Capitalism Could Fail Like Communism New York Fed: Most Powerful
Financial Institution You’ve Never Heard Of along with the missing $4 trillion
you’ve never heard of Home Prices Drop Most on
Record... Federal Hiring
Frenzy......average pay $75,419 A Coming Flood
of Equity Issuance, aka The Dilution Solution Fed cut banks' deficits after negotiations: sounds like a
plan…riiiiight!…report
Buffett's Berkshire has first loss since 2001 Are stocks a loser's bet?YES! Deficits soar
even with rosy assumptions in new Obama budget... America is broke. How broke? White House forecasts higher budget deficit US red ink rising even higher, to $1.8T Deficits soar
even with rosy assumptions in new Obama budget... STIMULUS WATCH:
Early road aid leaves out neediest; Auditors can't track transportation
funds... Gas price jumps
to 6-month high... Six GM executives sell more than 200,000
shares John Hussman: Post
Crash Bubbles …Unfortunately, “fear”
lows are only evident in hindsight, because as we saw in 2008, a deeply
oversold market can become spectacularly more oversold before recovering, and
the “fast, furious” spikes off of those lows are often followed by steep
failures.... Fed Inspector General Claims She Does Not Know Where
Trillions Went Rep. Alan Grayson
| Inspector General Elizabeth Coleman responds that the IG does not know and is
not tracking where this money is.
Recovery?
What Recovery? Newsweek
| Don’t tell me that the economy is getting better, or has even hit rock
bottom. Prospects
of a quick economic recovery are but fool’s gold Boosting The Dying Dollar With A False Rally Suckers rally
sets up the unwinding of the market, Rally just like in 1933, wealth producers
becoming impoverished, Fed officer busted for fraud, troubles in the Economy
are far beyond fixing, interdependence of banks around the world expected to
worsen economic problems. New York
Fed chairman Friedman abruptly resigns BEWARE OF THE
SUCKER'S RALLY? Betrayal of the People By Wall Street, Banks, and
Government FLASH: Treasury
Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama
Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression
PREVIOUS
5-21-09, only modest losses relative to reality as rally into the
close keeps suckers suckered based on bad news ( ie., Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro Florida's BankUnited fails, will cost FDIC
$4.9B (AP) Regulators seize 34th bank failure of year Florida's
BankUnited FSB (AP) ,
new record for continuing unemployment claims, fed downgrades outlook
that previously provided b.s. for suckers’ rally, record low for new housing
starts, etc.) and bull s**t alone (Current Recession Is Tracking the 1930s Bear
Market , Another Bottom
for Stocks Coming: Rogers (at CNBC) , The Sleepwalkers' Rally , Rogers Echoes Warning Of “Sucker’s Rally” ,
don’t forget that the suckers rally stock prices accounted for the very modest
but ephemeral uptick in leading indicators ) , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Britain's Debt Outlook Gets Bleaker: Same
Implications for the U.S…how could anyone be surprised about that? GMAC receives $7.5 billion in new Treasury aid
(AP) Dollar
hits '09 low on rating fears; stocks dip (Reuters) U.K. to Lose AAA Rating at S&P as Finances Weaken U.S. Stocks Decline on Jobless Claims, greenspan, who
helped create the debacle and should thereby know, Warning Gold May Test $1,200 (5-20) The Weimar Hyperinflation is
Happening Again! With fed printing/creating like mad, what did they expect?
Rogers Echoes Warning Of
“Sucker’s Rally” Green Shoots: Too Small,
Too Far Apart The
Sleepwalkers' Rally Former head
of pension agency takes the Fifth (AP) Global
stocks slip, dollar tumbles after downbeat Fed Depression hits already
defacto bankrupt Social Security hard Gold purchases up 36% as investors
look to preserve wealth China Gold Reserves May Back
Yuan Internationalization-Report 22 reasons why OBAMA will
raise your taxes Federal debt
is now $11.5 trillion. Add $1.4 trillion this year. That’s almost 100% of GDP. (5-19) Deficit surges
at agency that insures pensions (AP) China and Brazil Plan to Dump Dollar HP's profit
drops, more layoffs looming Japan logs
record GDP drop Senator: More
oversight needed at insolvent pension agency (AP) Inflating Our
Way Out of This Mess? Why This Won't Work Japan's economy in record
plunge Jim Rogers: Obama will Devastate the Economy This Economy
Ain't Healed Yet (at Seeking Alpha) (5-18) Suckers’ rally
(The Suckers Rally, Japan Style …high oil price rally…riiiiight! ) Bilderberg 2009 Attendee List (revised) Meanwhile: The Bilderbergers
are advancing in Norway [ I realize that jones (who parenthetically
it should be noted, hypocritically censored my comments) et als really overdoes
this group’s (among others) effect on the u.s. , state of the world, etc.;
truth be told, this group like most of the interest/pressure groups including
the masses, in the u.s., etc., are no more than a just a bunch of
f**k-ups/vegetables who like the aforementioned multitudes have really ‘mucked
things up’ (for lack of a more precise yet concise term) on this planet,
probably irrevocably, and like the many home-grown f**k-ups/vegetables, and in
america particularly criminals, jones refuses to acknowledge as culpable for
the many reasons he refuses to see, are but rather typically incompetent
players contributing in there own very special eccentric, neurotic, sick, venal,
corrupt, etc., way to this collective and cumulative result being this ever
deflating (declining) ball of chaos /confusion /criminality called earth (there
are exceptions to the foregoing, but in america, the same would be 5% or less)
]. Economy limiting services of
local police Madoff Investors Probed by U.S.
Prosecutors yet still not even one prosecution of the perpetrators of the
largest scam/fraud in history foisted off on/funded by taxpayers Betrayal of the People By Wall Street, Banks, and
Government FLASH: Treasury
Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama
Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression
PREVIOUS
5-20-09, only modest losses relative to reality based on bad news ( ie., fed
downgrades outlook that previously provided b.s. for suckers’ rally, record low
for new housing starts, etc.) and bull s**t alone (Current Recession Is Tracking the 1930s Bear
Market , Another Bottom
for Stocks Coming: Rogers (at CNBC) , The Sleepwalkers' Rally , Rogers Echoes Warning Of “Sucker’s Rally” ) , ‘SELL IN MAY AND
GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! The Weimar Hyperinflation is
Happening Again! With fed printing/creating like mad, what did they expect?
Rogers Echoes Warning Of
“Sucker’s Rally” Green Shoots: Too Small,
Too Far Apart The
Sleepwalkers' Rally Former head
of pension agency takes the Fifth (AP) Global
stocks slip, dollar tumbles after downbeat Fed Depression hits already
defacto bankrupt Social Security hard Gold purchases up 36% as investors
look to preserve wealth China Gold Reserves May Back
Yuan Internationalization-Report 22 reasons why OBAMA will
raise your taxes Federal debt
is now $11.5 trillion. Add $1.4 trillion this year. That’s almost 100% of GDP. (5-19) Deficit surges
at agency that insures pensions (AP) China and Brazil Plan to Dump Dollar HP's profit
drops, more layoffs looming Japan logs
record GDP drop Senator: More
oversight needed at insolvent pension agency (AP) Inflating Our
Way Out of This Mess? Why This Won't Work Japan's economy in record
plunge Jim Rogers: Obama will Devastate the Economy This Economy Ain't
Healed Yet (at Seeking Alpha) (5-18) Suckers’ rally
(The Suckers Rally, Japan Style …high oil price rally…riiiiight! ) Bilderberg 2009 Attendee List (revised) Meanwhile: The Bilderbergers
are advancing in Norway [ I realize that jones (who parenthetically
it should be noted, hypocritically censored my comments) et als really overdoes
this group’s (among others) effect on the u.s. , state of the world, etc.;
truth be told, this group like most of the interest/pressure groups including
the masses, in the u.s., etc., are no more than a just a bunch of
f**k-ups/vegetables who like the aforementioned multitudes have really ‘mucked
things up’ (for lack of a more precise yet concise term) on this planet,
probably irrevocably, and like the many home-grown f**k-ups/vegetables, and in
america particularly criminals, jones refuses to acknowledge as culpable for
the many reasons he refuses to see, are but rather typically incompetent
players contributing in there own very special eccentric, neurotic, sick,
venal, corrupt, etc., way to this collective and cumulative result being this
ever deflating (declining) ball of chaos /confusion /criminality called earth
(there are exceptions to the foregoing, but in america, the same would be 5% or
less) ]. Economy limiting services of
local police Madoff Investors Probed by U.S.
Prosecutors yet still not even one prosecution of the perpetrators of the
largest scam/fraud in history foisted off on/funded by taxpayers Rep. Paul’s bill to audit Federal
Reserve nets 165 co-sponsors is the first of what should be many necessary wise
moves American Capitalism Gone With a
Whimper The Shrinking American Consumer The Suckers Rally, Japan Style Gold likely to test $950 level this week Blue collar males lose more
ground; unemployment rate surges past national average...
PREVIOUS
5-19-09, only modest losses relative to reality based on bad news ( ie.,
record low for new housing starts, etc.) and bull s**t alone (Current Recession Is Tracking the 1930s Bear
Market , Another Bottom
for Stocks Coming: Rogers (at CNBC) ) , ‘SELL IN MAY AND
GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Deficit surges
at agency that insures pensions (AP) China and Brazil Plan to Dump Dollar HP's profit
drops, more layoffs looming Japan logs
record GDP drop Senator: More
oversight needed at insolvent pension agency (AP) Inflating Our
Way Out of This Mess? Why This Won't Work Japan's economy in record
plunge Jim Rogers: Obama will Devastate the Economy This Economy
Ain't Healed Yet (at Seeking Alpha) (5-18) Suckers’ rally
(The Suckers Rally, Japan Style …high oil price rally…riiiiight! ) Bilderberg 2009 Attendee List (revised) Meanwhile: The Bilderbergers
are advancing in Norway [ I realize that jones (who parenthetically
it should be noted, hypocritically censored my comments) et als really overdoes
this group’s (among others) effect on the u.s. , state of the world, etc.;
truth be told, this group like most of the interest/pressure groups including
the masses, in the u.s., etc., are no more than a just a bunch of
f**k-ups/vegetables who like the aforementioned multitudes have really ‘mucked
things up’ (for lack of a more precise yet concise term) on this planet,
probably irrevocably, and like the many home-grown f**k-ups/vegetables, and in
america particularly criminals, jones refuses to acknowledge as culpable for
the many reasons he refuses to see, are but rather typically incompetent
players contributing in there own very special eccentric, neurotic, sick,
venal, corrupt, etc., way to this collective and cumulative result being this
ever deflating (declining) ball of chaos /confusion /criminality called earth
(there are exceptions to the foregoing, but in america, the same would be 5% or
less) ]. Economy limiting services of
local police Madoff Investors Probed by U.S.
Prosecutors yet still not even one prosecution of the perpetrators of the
largest scam/fraud in history foisted off on/funded by taxpayers Rep. Paul’s bill to audit Federal
Reserve nets 165 co-sponsors is the first of what should be many necessary wise
moves American Capitalism Gone With a
Whimper The Shrinking American Consumer The Suckers Rally, Japan Style Gold likely to test $950 level this week New York
Fed chairman Friedman abruptly resigns BEWARE OF THE SUCKER'S
RALLY? Betrayal of the People By Wall Street, Banks, and Government
FLASH: Treasury
Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama
Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression
PREVIOUS 5-18-09, suckers’ rally (The Suckers Rally, Japan Style …high oil price rally…riiiiight! ) accelerates into the close based on bad news
and bull s**t alone (Current
Recession Is Tracking the 1930s Bear Market ) , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! American Capitalism Gone With a
Whimper The Shrinking American Consumer The Suckers Rally, Japan Style Bilderberg 2009 Attendee List (revised) Meanwhile: The Bilderbergers
are advancing in Norway [ I realize that jones (who parenthetically
it should be noted, hypocritically censored my comments) et als really overdoes
this group’s (among others) effect on the u.s. , state of the world, etc.;
truth be told, this group like most of the interest/pressure groups including
the masses, in the u.s., etc., are no more than a just a bunch of
f**k-ups/vegetables who like the aforementioned multitudes have really ‘mucked
things up’ (for lack of a more precise yet concise term) on this planet,
probably irrevocably, and like the many home-grown f**k-ups/vegetables, and in
america particularly criminals, jones refuses to acknowledge as culpable for
the many reasons he refuses to see, are but rather typically incompetent players
contributing in there own very special eccentric, neurotic, sick, venal,
corrupt, etc., way to this collective and cumulative result being this ever
deflating (declining) ball of chaos /confusion /criminality called earth (there
are exceptions to the foregoing, but in america, the same would be 5% or less)
]. Economy limiting services of
local police Madoff Investors Probed by U.S.
Prosecutors yet still not even one prosecution of the perpetrators of the
largest scam/fraud in history foisted off on/funded by taxpayers Rep. Paul’s bill to audit Federal
Reserve nets 165 co-sponsors is the first of what should be many necessary wise
moves Gold likely to test $950 level this week Blue collar males lose more
ground; unemployment rate surges past national average... (5-15)Highest credit card default rates in 26 years at 10+%, the real economy in terms of unemployment, income,
and debt far worse than their rosy ‘green shoots’ scenario to help froth the
market. Wall Street sags on oil; S&P ends worst week
in 2 months Following Chrysler, GM slashing U.S. dealers “The Worst Is Yet to Come” Yahoo
Finance | “If the consumer isn’t petrified, he or she is a damn
fool.” (5-14)All news worse than expected, ie.,
weekly job losses higher than expected 637,000, wholesale inflation rate
.3%, BEAR ALARM
US ’sham’ bank bail-outs enrich
speculators , The Secrets of the Federal Reserve Bob Chapman | A manmade disaster
created by the Federal Reserve, banking and Wall Street, and these are the same
corrupt group who our government has chosen to rectify the problem. The
Economy Will Not Recover Until The Perpetrators Of Our Crises Are Held
Accountable etc., It’s
worth noting in a Wall Street Journal editorial hedge fund manager Andy Kessler
said in no uncertain terms, “this sure smells to me a suckers rally,” largely
because “there aren't sustainable, fundamental reasons for the market's
continued rise.” I’m skeptical about
this rally, reveals analyst Guy Adami.
Wall Street sags on oil; S&P ends worst week
in 2 months Following Chrysler, GM slashing U.S. dealers SEC lawyers probed for insider trading GM, Chrysler to drop 1,900 dealers by end of
2010 The Financial Storm Obama Says U.S. Long-Term Debt
Load ‘Unsustainable’ “The Worst Is Yet to Come” China’s
yuan ’set to usurp US dollar’ as world’s reserve currency Former
Treasury Official who Devised Formula for Rate-Setting Based on Outlook for
Inflation and Growth Warns that Inflation Looms, Slams Fed Policy Dr.
Doom: Capitalism Could Fail Like Communism New York Fed: Most Powerful
Financial Institution You’ve Never Heard Of along with the missing $4 trillion
you’ve never heard of Home Prices Drop Most on
Record... Federal Hiring
Frenzy......average pay $75,419 A Coming Flood
of Equity Issuance, aka The Dilution Solution Fed cut banks' deficits after negotiations: sounds like a
plan…riiiiight!…report
Buffett's Berkshire has first loss since 2001 Are stocks a loser's bet?YES! Deficits soar
even with rosy assumptions in new Obama budget... America is broke. How broke? White House forecasts higher budget
deficit US red ink rising even higher, to $1.8T Deficits soar
even with rosy assumptions in new Obama budget... STIMULUS WATCH:
Early road aid leaves out neediest; Auditors can't track transportation
funds... Gas price jumps
to 6-month high... Six GM executives sell more than 200,000
shares John Hussman: Post
Crash Bubbles …Unfortunately, “fear”
lows are only evident in hindsight, because as we saw in 2008, a deeply
oversold market can become spectacularly more oversold before recovering, and
the “fast, furious” spikes off of those lows are often followed by steep
failures.... Fed Inspector General Claims She Does Not Know Where
Trillions Went Rep. Alan Grayson
| Inspector General Elizabeth Coleman responds that the IG does not know and is
not tracking where this money is.
Recovery?
What Recovery? Newsweek
| Don’t tell me that the economy is getting better, or has even hit rock bottom. Prospects
of a quick economic recovery are but fool’s gold Boosting The Dying Dollar With A False Rally Suckers rally
sets up the unwinding of the market, Rally just like in 1933, wealth producers
becoming impoverished, Fed officer busted for fraud, troubles in the Economy
are far beyond fixing, interdependence of banks around the world expected to
worsen economic problems. New York
Fed chairman Friedman abruptly resigns BEWARE OF THE
SUCKER'S RALLY? Betrayal of the People By Wall Street, Banks, and
Government FLASH: Treasury
Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama
Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression
PREVIOUS
5-15-09, only modest
losses relative to reality as this suckers’ rally has been based on bad news
and bull s**t alone, ‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME! Highest credit card default rates in 26 years at 10+%, the real economy in terms of unemployment, income,
and debt far worse than their rosy ‘green shoots’ scenario to help froth the market.
Wall Street sags on oil; S&P ends worst week
in 2 months Following Chrysler, GM slashing U.S. dealers “The Worst Is Yet to Come” Yahoo
Finance | “If the consumer isn’t petrified, he or she is a damn
fool.” (5-14)All news worse than expected,
ie., weekly job losses higher than expected 637,000, wholesale inflation rate
.3%, BEAR ALARM
US ’sham’ bank bail-outs enrich
speculators , The Secrets of the Federal Reserve Bob Chapman | A manmade disaster
created by the Federal Reserve, banking and Wall Street, and these are the same
corrupt group who our government has chosen to rectify the problem. The
Economy Will Not Recover Until The Perpetrators Of Our Crises Are Held Accountable
etc., It’s
worth noting in a Wall Street Journal editorial hedge fund manager Andy Kessler
said in no uncertain terms, “this sure smells to me a suckers rally,” largely
because “there aren't sustainable, fundamental reasons for the market's
continued rise.” I’m skeptical about
this rally, reveals analyst Guy Adami.
U.S. Economy: Retail Sales
Unexpectedly Fall for Second Month GM, Chrysler to
cut up to 3,000 dealers: sources (Reuters) U.S.
Foreclosure Filings Hit Record for Second Straight Month Is
Anyone Minding the Store at the Federal Reserve? Unemployment up to
8.9%, The
Economy Will Not Recover Until The Perpetrators Of Our Crises Are Held
Accountable , etc..
America is broke. How broke?
NSN Money | Government obligations for Social Security and
Medicare may soon exceed the combined net worth of every household and
nonprofit organization in the country. "You
have to balance hope with reality," says Doug Sandler, chief equity officer
at Riverfront Investment Group. Sandler tells Andrew O'Day "this is a good
example of a year where you probably have a lot of hope early, then the reality
coming through
Wall Street sags on oil; S&P ends worst week
in 2 months Following Chrysler, GM slashing U.S. dealers SEC lawyers probed for insider trading GM, Chrysler to drop 1,900 dealers by end of
2010 The Financial Storm Obama Says U.S. Long-Term Debt Load
‘Unsustainable’ “The Worst Is Yet to Come” China’s
yuan ’set to usurp US dollar’ as world’s reserve currency Former
Treasury Official who Devised Formula for Rate-Setting Based on Outlook for
Inflation and Growth Warns that Inflation Looms, Slams Fed Policy Dr.
Doom: Capitalism Could Fail Like Communism New York Fed: Most Powerful
Financial Institution You’ve Never Heard Of along with the missing $4 trillion
you’ve never heard of Home Prices Drop Most on
Record... Federal Hiring
Frenzy......average pay $75,419 A Coming Flood
of Equity Issuance, aka The Dilution Solution Fed cut banks' deficits after negotiations: sounds like a
plan…riiiiight!…report
Buffett's Berkshire has first loss since 2001 Are stocks a loser's bet?YES! Deficits soar
even with rosy assumptions in new Obama budget... America is broke. How broke? White House forecasts higher budget
deficit US red ink rising even higher, to $1.8T Deficits soar
even with rosy assumptions in new Obama budget... STIMULUS WATCH:
Early road aid leaves out neediest; Auditors can't track transportation
funds... Gas price jumps
to 6-month high... Six GM executives sell more than 200,000
shares John Hussman: Post
Crash Bubbles …Unfortunately, “fear”
lows are only evident in hindsight, because as we saw in 2008, a deeply
oversold market can become spectacularly more oversold before recovering, and
the “fast, furious” spikes off of those lows are often followed by steep
failures.... Fed Inspector General Claims She Does Not Know Where
Trillions Went Rep. Alan Grayson
| Inspector General Elizabeth Coleman responds that the IG does not know and is
not tracking where this money is.
Recovery?
What Recovery? Newsweek
| Don’t tell me that the economy is getting better, or has even hit rock
bottom. Prospects
of a quick economic recovery are but fool’s gold Boosting The Dying Dollar With A False Rally Suckers rally
sets up the unwinding of the market, Rally just like in 1933, wealth producers
becoming impoverished, Fed officer busted for fraud, troubles in the Economy
are far beyond fixing, interdependence of banks around the world expected to
worsen economic problems. New York
Fed chairman Friedman abruptly resigns BEWARE OF THE
SUCKER'S RALLY? Betrayal of the People By Wall Street, Banks, and
Government FLASH: Treasury
Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama
Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression
PREVIOUS 5-14-09, suckers’ rally has been based on bad news and
bull s**t alone, ‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME! Highest credit card default rates in 26 years at 10+%, the real economy in terms of unemployment, income,
and debt far worse than their rosy ‘green shoots’ scenario to help froth the
market. Wall Street sags on oil; S&P ends worst week
in 2 months Following Chrysler, GM slashing U.S. dealers “The Worst Is Yet to Come” Yahoo
Finance | “If the consumer isn’t petrified, he or she is a damn
fool.” (5-14)All news
worse than expected, ie., weekly job losses higher than expected 637,000,
wholesale inflation rate .3%, BEAR ALARM
US ’sham’ bank bail-outs enrich
speculators , The Secrets of the Federal Reserve Bob Chapman | A manmade disaster
created by the Federal Reserve, banking and Wall Street, and these are the same
corrupt group who our government has chosen to rectify the problem. The
Economy Will Not Recover Until The Perpetrators Of Our Crises Are Held
Accountable etc., It’s
worth noting in a Wall Street Journal editorial hedge fund manager Andy Kessler
said in no uncertain terms, “this sure smells to me a suckers rally,” largely
because “there aren't sustainable, fundamental reasons for the market's
continued rise.” I’m skeptical about
this rally, reveals analyst Guy Adami.
U.S. Economy: Retail Sales
Unexpectedly Fall for Second Month GM, Chrysler to
cut up to 3,000 dealers: sources (Reuters) U.S.
Foreclosure Filings Hit Record for Second Straight Month Is
Anyone Minding the Store at the Federal Reserve? Unemployment up to 8.9%, The
Economy Will Not Recover Until The Perpetrators Of Our Crises Are Held
Accountable , etc..
America is broke. How
broke? NSN Money | Government obligations for Social Security and
Medicare may soon exceed the combined net worth of every household and
nonprofit organization in the country Oil
jumps above $60 on weak US currency U.S.
Trade Deficit Widens First Time in Eight Months U.S.
Federal Deficit to Worsen due to Dismal Economic Projections Median home prices fall in 88 percent
of cities Freddie Mac seeks $6.1B in US aid after
1Q loss Higher Taxes Coming, Just Like Obama
Promised New York Fed: Most Powerful
Financial Institution You’ve Never Heard Of along with the missing $4 trillion
you’ve never heard of Home Prices Drop Most on
Record... Federal Hiring
Frenzy......average pay $75,419 A Coming Flood
of Equity Issuance, aka The Dilution Solution Fed cut banks' deficits after negotiations: sounds like a
plan…riiiiight!…report
Buffett's Berkshire has first loss since 2001 Are stocks a loser's bet?YES! Deficits soar
even with rosy assumptions in new Obama budget... America is broke. How broke? White House forecasts higher budget
deficit US red ink rising even higher, to $1.8T Deficits soar
even with rosy assumptions in new Obama budget... STIMULUS WATCH:
Early road aid leaves out neediest; Auditors can't track transportation
funds... Gas price jumps
to 6-month high... Six GM executives sell more than 200,000
shares John Hussman: Post
Crash Bubbles …Unfortunately, “fear”
lows are only evident in hindsight, because as we saw in 2008, a deeply
oversold market can become spectacularly more oversold before recovering, and
the “fast, furious” spikes off of those lows are often followed by steep
failures.... Fed Inspector General Claims She Does Not Know Where
Trillions Went Rep. Alan Grayson
| Inspector General Elizabeth Coleman responds that the IG does not know and is
not tracking where this money is.
Recovery?
What Recovery? Newsweek
| Don’t tell me that the economy is getting better, or has even hit rock
bottom. Prospects
of a quick economic recovery are but fool’s gold Boosting The Dying Dollar With A False Rally Suckers rally
sets up the unwinding of the market, Rally just like in 1933, wealth producers
becoming impoverished, Fed officer busted for fraud, troubles in the Economy
are far beyond fixing, interdependence of banks around the world expected to
worsen economic problems. New York
Fed chairman Friedman abruptly resigns BEWARE OF THE
SUCKER'S RALLY? Betrayal of the People By Wall Street, Banks, and
Government FLASH: Treasury
Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama
Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression
PREVIOUS
5-13-09, modest losses
relative to reality, ‘SELL IN MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME! It’s worth noting in a Wall Street Journal
editorial hedge fund manager Andy Kessler said in no uncertain terms, “this
sure smells to me a suckers rally,” largely because “there aren't sustainable,
fundamental reasons for the market's continued rise.” I’m skeptical about this rally, reveals analyst Guy Adami. U.S. Economy: Retail Sales
Unexpectedly Fall for Second Month GM, Chrysler to
cut up to 3,000 dealers: sources (Reuters) U.S.
Foreclosure Filings Hit Record for Second Straight Month Is
Anyone Minding the Store at the Federal Reserve? Unemployment up to 8.9%, The
Economy Will Not Recover Until The Perpetrators Of Our Crises Are Held
Accountable , etc..
America is broke. How
broke? NSN Money | Government obligations for Social Security and
Medicare may soon exceed the combined net worth of every household and
nonprofit organization in the country. Everyone
is familiar with the old saying, "what goes up must come down."
Certainly the stock market has mounted a serious challenge to this old saying
since bouncing off its lows in March and continues to defy gravity…In the face
of unrelenting bad news, the market has been climbing because the news is
"less bad," Gentle Ben and his Merry Band of Feds see "green
shoots" and the financial press continues an unrelenting mantra of
"recovery lies just ahead." It seems like the markets will never stop
climbing, but they will, because contrary to what you hear on CNBC and read in
the financial press, the laws of gravity have not been repealed and it's still
true that "what goes up, must come down."
…When
measured in ounces of Gold, the DOW has been in a secular bear market since
peaking in late 1999.
(Click charts, courtesy of stockcharts.com, for full size image). The markets,
measured by the S&P500 (S&P500 Charts) and DIJA (DJIA
Charts), may have recovered to new highs in 2007, but the DOW:Gold ratio
told a different, truer story of just how unhealthy the US economy was…
Oil
jumps above $60 on weak US currency U.S.
Trade Deficit Widens First Time in Eight Months U.S.
Federal Deficit to Worsen due to Dismal Economic Projections Median home prices fall in 88 percent
of cities Freddie Mac seeks $6.1B in US aid after
1Q loss Higher Taxes Coming, Just Like Obama
Promised New York Fed: Most Powerful
Financial Institution You’ve Never Heard Of along with the missing $4 trillion
you’ve never heard of Home Prices Drop Most on
Record... Federal Hiring
Frenzy......average pay $75,419 A Coming Flood
of Equity Issuance, aka The Dilution Solution Fed cut banks' deficits after negotiations: sounds like a
plan…riiiiight!…report
Buffett's Berkshire has first loss since 2001 Are stocks a loser's bet?YES! Deficits soar
even with rosy assumptions in new Obama budget... America is broke. How broke? White House forecasts higher budget
deficit US red ink rising even higher, to $1.8T Deficits soar
even with rosy assumptions in new Obama budget... STIMULUS WATCH:
Early road aid leaves out neediest; Auditors can't track transportation
funds... Gas price jumps
to 6-month high... Six GM executives sell more than 200,000
shares John Hussman: Post
Crash Bubbles …Unfortunately, “fear”
lows are only evident in hindsight, because as we saw in 2008, a deeply
oversold market can become spectacularly more oversold before recovering, and
the “fast, furious” spikes off of those lows are often followed by steep
failures.... Fed Inspector General Claims She Does Not Know Where
Trillions Went Rep. Alan Grayson
| Inspector General Elizabeth Coleman responds that the IG does not know and is
not tracking where this money is.
Recovery?
What Recovery? Newsweek
| Don’t tell me that the economy is getting better, or has even hit rock
bottom. Prospects
of a quick economic recovery are but fool’s gold Boosting The Dying Dollar With A False Rally Suckers rally
sets up the unwinding of the market, Rally just like in 1933, wealth producers
becoming impoverished, Fed officer busted for fraud, troubles in the Economy
are far beyond fixing, interdependence of banks around the world expected to
worsen economic problems. New York
Fed chairman Friedman abruptly resigns BEWARE OF THE
SUCKER'S RALLY? Betrayal of the People By Wall Street, Banks, and
Government FLASH: Treasury
Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama
Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression
PREVIOUS
5-12-09, It’s worth noting in a Wall Street Journal
editorial hedge fund manager Andy Kessler said in no uncertain terms, “this
sure smells to me a suckers rally,” largely because “there aren't sustainable,
fundamental reasons for the market's continued rise.” I’m skeptical about this rally, reveals analyst Guy Adami. ‘SELL IN MAY AND GO AWAY’ so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME! Unemployment up to 8.9%, The
Economy Will Not Recover Until The Perpetrators Of Our Crises Are Held
Accountable , etc.. Everyone is familiar with the old saying, "what goes
up must come down." Certainly the stock market has mounted a serious
challenge to this old saying since bouncing off its lows in March and continues
to defy gravity…In the face of unrelenting bad news, the market has been
climbing because the news is "less bad," Gentle Ben and his Merry
Band of Feds see "green shoots" and the financial press continues an
unrelenting mantra of "recovery lies just ahead." It seems like the
markets will never stop climbing, but they will, because contrary to what you
hear on CNBC and read in the financial press, the laws of gravity have not been
repealed and it's still true that "what goes up, must come down."
…When
measured in ounces of Gold, the DOW has been in a secular bear market since
peaking in late 1999.
(Click charts, courtesy of stockcharts.com, for full size image). The markets,
measured by the S&P500 (S&P500 Charts) and DIJA (DJIA
Charts), may have recovered to new highs in 2007, but the DOW:Gold ratio
told a different, truer story of just how unhealthy the US economy was…
BEWARE OF THE
SUCKER'S RALLY? ‘…Most recently, the S&P 500 soared 24 per cent over seven weeks ending
in early January, only to plunge to a new low. It was a fairly typical sucker’s
rally and bear markets often need more than one to create sufficient
disillusionment for a definitive bottom.
The 2000–2002 bear market had three, with average gains of 21 per cent
in the Dow Jones Industrials over 45 days. The granddaddy of all bear markets,
1929 –1932, had six false alarms with an average gain of 47 per cent. And
Japan’s ongoing bear saw the Nikkei rise by at least a third four times in its
first four years with 10 more false dawns since then. Bear markets typically
end with a whimper rather than a bang, casting doubt on the latest recovery
according to Hussman Econometrics, which analysed numerous US market bottoms
and bear market rallies. With the exception of the 1987 crash, the month before
the lowest point of a downturn saw a gradual descent. By contrast, bear market
rallies were preceded by steeper declines and had sharper rebounds. Another
characteristic of bear market rallies has been modest volume on the rebound
compared to the decline. The current recovery fits the pattern of bear market
rallies in terms of volume and the “V” shape of the trough. Analysts at Bespoke
Investment Group noted that there have been only seven other periods in the
past 110 years with rallies of similar magnitude for the Dow. Three preceded
the Great Depression, three came during the Depression and one in 1982…’
New record for continuing unemployment
claims and as with all government data, adp data, etc., is fudged to whatever
way necessary to help froth the market. Short-covering explaining part of what
remains of this continuing suckers’ bear market rally and as admonished by
analyst at Farr Miller is a bull trap. How about plain old bull crap! One
analyst (Craig Brown) points out that we’re not at the bottom yet: excerpt-‘
I hate repeating myself, but I do not see the economy at bottom just yet, so in
some respects I will keep repeating myself until either other people wake up to
this reality or something changes to wake me up. The markets were down a bit yesterday
and, according to Bloomberg, they were down due to fears of the stress test
results. I don't fear them; I fear what they hide. I fear that a reported 10
out of 19 banks failed when the tests were not at all stringent enough. I fear
that the government will soft-pedal the results to make them bad enough to have
a tad of credibility but not so bad that people run for the exits. Don't buy my
word for it, others are saying the same, including Nouriel Roubini. Nouriel has
been complaining for weeks on how the worst case
scenario in the stress tests is already rosier than reality.’ Some
perspective from Sajal… Excerpts – ie., …Mark Hulbert: That bullish
bandwagon. Commentary: Some sentiment measures showing too much optimism Art Cashin: "This rally is still
somewhat suspect. Albert Edwards :
"Despite one of the biggest economics and profit collapses in history, US
stocks have failed to get cheap in the same way that they have in Europe or
Japan. My concern is that the US equity bear market has not yet fully
played out. "The
current pop in the market is not dissimilar to the many bear market rallies
between 1929-1933, where signs of economic stabilisation were met with 25% plus
rallies... This optimism was subsequently crushed." Charles Allmon … He
still thinks the stock market could decline to 3,200-4,200 on the Dow by
2011-2012 -- and that it could cross the price of gold. Jim Bianco: "I don't think we
are getting out of this for a long while. This has been a lousy stock
rally. … …traders living in a fool's paradise if they continue to
drive the markets higher by buying stocks based on earnings that are down, say,
50 percent from this time last year, only because they're not down 75 percent… Diane Garnick, investment strategist at Invesco...In an interview on Tech Ticker, Garnick says that
companies are beating earnings expectations in the first quarter by Draconian
cost-cutting, an unsustainable strategy for long-term growth. More importantly,
although companies are beating profit estimates, thanks to the cost-cutting,
they are missing expectations for revenue, she says. Further, cost-cutting via
layoffs hurts the economy as a whole, Garnick argues, because the unemployed
spend less money… U.S. Economy: GDP
Shrinks in Worst Slump in 50 Years "You have to balance hope with reality," says Doug Sandler,
chief equity officer at Riverfront Investment Group. Sandler tells Andrew O'Day
"this is a good example of a year where you probably have a lot of hope
early, then the reality coming through…” …[The upshot is that the fraud continues in churn-and-earn
fashion with investors, taxpayer, etc., getting burned for the sake of wall
street greed/fraud. The lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc. - Analyst Andre Egleshion puts the amount
at $600+trillion) have been addressed much less
solved; hence, virtually all problems remain and there is but an
infinitesimally small fraction of the capital and resources necessary to solve
them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.]. U.S. Economy in 2nd Straight
Quarter of Steep Decline "You have to balance hope with
reality," says Doug Sandler, chief equity officer at Riverfront Investment
Group. Sandler tells Andrew O'Day "this is a good example of a year where
you probably have a lot of hope early, then the reality coming through Oil
jumps above $60 on weak US currency U.S.
Trade Deficit Widens First Time in Eight Months U.S.
Federal Deficit to Worsen due to Dismal Economic Projections Median home prices fall in 88 percent
of cities Freddie Mac seeks $6.1B in US aid after
1Q loss Higher Taxes Coming, Just Like Obama
Promised New York Fed: Most Powerful
Financial Institution You’ve Never Heard Of along with the missing $4 trillion
you’ve never heard of Home Prices Drop Most on
Record... Federal Hiring
Frenzy......average pay $75,419 A Coming Flood
of Equity Issuance, aka The Dilution Solution Fed cut banks' deficits after negotiations: sounds like a
plan…riiiiight!…report
Buffett's Berkshire has first loss since 2001 Are stocks a loser's bet?YES! Deficits soar
even with rosy assumptions in new Obama budget... America is broke. How broke? White House forecasts higher budget
deficit US red ink rising even higher, to $1.8T Deficits soar
even with rosy assumptions in new Obama budget... STIMULUS WATCH:
Early road aid leaves out neediest; Auditors can't track transportation
funds... Gas price jumps
to 6-month high... Six GM executives sell more than 200,000
shares John Hussman: Post
Crash Bubbles …Unfortunately, “fear”
lows are only evident in hindsight, because as we saw in 2008, a deeply
oversold market can become spectacularly more oversold before recovering, and
the “fast, furious” spikes off of those lows are often followed by steep
failures.... Fed Inspector General Claims She Does Not Know Where
Trillions Went Rep. Alan Grayson
| Inspector General Elizabeth Coleman responds that the IG does not know and is
not tracking where this money is.
Recovery?
What Recovery? Newsweek
| Don’t tell me that the economy is getting better, or has even hit rock
bottom. Prospects
of a quick economic recovery are but fool’s gold Boosting The Dying Dollar With A False Rally Suckers rally
sets up the unwinding of the market, Rally just like in 1933, wealth producers
becoming impoverished, Fed officer busted for fraud, troubles in the Economy
are far beyond fixing, interdependence of banks around the world expected to
worsen economic problems. New York
Fed chairman Friedman abruptly resigns BEWARE OF THE
SUCKER'S RALLY? Betrayal of the People By Wall Street, Banks, and
Government FLASH: Treasury
Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama
Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression
PREVIOUS
5-11-09, only modest losses relative to reality, ‘SELL IN
MAY AND GO AWAY’ so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Unemployment up to 8.9%, The
Economy Will Not Recover Until The Perpetrators Of Our Crises Are Held
Accountable , etc.. Everyone is familiar with the old saying, "what goes
up must come down." Certainly the stock market has mounted a serious
challenge to this old saying since bouncing off its lows in March and continues
to defy gravity…In the face of unrelenting bad news, the market has been
climbing because the news is "less bad," Gentle Ben and his Merry
Band of Feds see "green shoots" and the financial press continues an
unrelenting mantra of "recovery lies just ahead." It seems like the
markets will never stop climbing, but they will, because contrary to what you
hear on CNBC and read in the financial press, the laws of gravity have not been
repealed and it's still true that "what goes up, must come down."
…When
measured in ounces of Gold, the DOW has been in a secular bear market since
peaking in late 1999.
(Click charts, courtesy of stockcharts.com, for full size image). The markets,
measured by the S&P500 (S&P500 Charts) and DIJA (DJIA
Charts), may have recovered to new highs in 2007, but the DOW:Gold ratio
told a different, truer story of just how unhealthy the US economy was…
BEWARE OF THE
SUCKER'S RALLY? ‘…Most recently, the S&P 500 soared 24 per cent over seven weeks ending
in early January, only to plunge to a new low. It was a fairly typical sucker’s
rally and bear markets often need more than one to create sufficient
disillusionment for a definitive bottom.
The 2000–2002 bear market had three, with average gains of 21 per cent
in the Dow Jones Industrials over 45 days. The granddaddy of all bear markets,
1929 –1932, had six false alarms with an average gain of 47 per cent. And
Japan’s ongoing bear saw the Nikkei rise by at least a third four times in its
first four years with 10 more false dawns since then. Bear markets typically
end with a whimper rather than a bang, casting doubt on the latest recovery
according to Hussman Econometrics, which analysed numerous US market bottoms
and bear market rallies. With the exception of the 1987 crash, the month before
the lowest point of a downturn saw a gradual descent. By contrast, bear market
rallies were preceded by steeper declines and had sharper rebounds. Another
characteristic of bear market rallies has been modest volume on the rebound
compared to the decline. The current recovery fits the pattern of bear market
rallies in terms of volume and the “V” shape of the trough. Analysts at Bespoke
Investment Group noted that there have been only seven other periods in the
past 110 years with rallies of similar magnitude for the Dow. Three preceded
the Great Depression, three came during the Depression and one in 1982…’
New record for continuing unemployment
claims and as with all government data, adp data, etc., is fudged to whatever
way necessary to help froth the market. Short-covering explaining part of what
remains of this continuing suckers’ bear market rally and as admonished by
analyst at Farr Miller is a bull trap. How about plain old bull crap! One
analyst (Craig Brown) points out that we’re not at the bottom yet: excerpt-‘
I hate repeating myself, but I do not see the economy at bottom just yet, so in
some respects I will keep repeating myself until either other people wake up to
this reality or something changes to wake me up. The markets were down a bit yesterday
and, according to Bloomberg, they were down due to fears of the stress test
results. I don't fear them; I fear what they hide. I fear that a reported 10
out of 19 banks failed when the tests were not at all stringent enough. I fear
that the government will soft-pedal the results to make them bad enough to have
a tad of credibility but not so bad that people run for the exits. Don't buy my
word for it, others are saying the same, including Nouriel Roubini. Nouriel has
been complaining for weeks on how the worst case
scenario in the stress tests is already rosier than reality.’ Some
perspective from Sajal… Excerpts – ie., …Mark Hulbert: That bullish
bandwagon. Commentary: Some sentiment measures showing too much optimism Art Cashin: "This rally is still
somewhat suspect. Albert Edwards :
"Despite one of the biggest economics and profit collapses in history, US
stocks have failed to get cheap in the same way that they have in Europe or
Japan. My concern is that the US equity bear market has not yet fully
played out. "The
current pop in the market is not dissimilar to the many bear market rallies
between 1929-1933, where signs of economic stabilisation were met with 25% plus
rallies... This optimism was subsequently crushed." Charles Allmon … He
still thinks the stock market could decline to 3,200-4,200 on the Dow by
2011-2012 -- and that it could cross the price of gold. Jim Bianco: "I don't think we
are getting out of this for a long while. This has been a lousy stock
rally. … …traders living in a fool's paradise if they continue to
drive the markets higher by buying stocks based on earnings that are down, say,
50 percent from this time last year, only because they're not down 75 percent… Diane Garnick, investment strategist at Invesco...In an interview on Tech Ticker, Garnick says that
companies are beating earnings expectations in the first quarter by Draconian
cost-cutting, an unsustainable strategy for long-term growth. More importantly,
although companies are beating profit estimates, thanks to the cost-cutting,
they are missing expectations for revenue, she says. Further, cost-cutting via
layoffs hurts the economy as a whole, Garnick argues, because the unemployed
spend less money… U.S. Economy: GDP
Shrinks in Worst Slump in 50 Years "You have to balance hope with reality," says Doug Sandler,
chief equity officer at Riverfront Investment Group. Sandler tells Andrew O'Day
"this is a good example of a year where you probably have a lot of hope
early, then the reality coming through…” …[The upshot is that the fraud continues in churn-and-earn
fashion with investors, taxpayer, etc., getting burned for the sake of wall
street greed/fraud. The lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc. - Analyst Andre Egleshion puts the amount
at $600+trillion) have been addressed much less
solved; hence, virtually all problems remain and there is but an
infinitesimally small fraction of the capital and resources necessary to solve
them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.]. U.S. Economy in 2nd Straight
Quarter of Steep Decline "You have to balance hope with
reality," says Doug Sandler, chief equity officer at Riverfront Investment
Group. Sandler tells Andrew O'Day "this is a good example of a year where
you probably have a lot of hope early, then the reality coming through
A Coming Flood
of Equity Issuance, aka The Dilution Solution Fed cut banks' deficits after negotiations: sounds like a
plan…riiiiight!…report
Buffett's Berkshire has first loss since 2001 Are stocks a loser's bet?YES! Deficits soar
even with rosy assumptions in new Obama budget... America is broke. How broke? White House forecasts higher budget
deficit US red ink rising even higher, to $1.8T Deficits soar even
with rosy assumptions in new Obama budget... STIMULUS WATCH:
Early road aid leaves out neediest; Auditors can't track transportation
funds... Gas price jumps
to 6-month high... Six GM executives sell more than 200,000
shares John Hussman: Post
Crash Bubbles …Unfortunately, “fear”
lows are only evident in hindsight, because as we saw in 2008, a deeply
oversold market can become spectacularly more oversold before recovering, and
the “fast, furious” spikes off of those lows are often followed by steep
failures.... Fed Inspector General Claims She Does Not Know Where
Trillions Went Rep. Alan Grayson
| Inspector General Elizabeth Coleman responds that the IG does not know and is
not tracking where this money is.
Recovery?
What Recovery? Newsweek
| Don’t tell me that the economy is getting better, or has even hit rock
bottom. Prospects
of a quick economic recovery are but fool’s gold Boosting The Dying Dollar With A False Rally Suckers rally
sets up the unwinding of the market, Rally just like in 1933, wealth producers
becoming impoverished, Fed officer busted for fraud, troubles in the Economy
are far beyond fixing, interdependence of banks around the world expected to
worsen economic problems. New York
Fed chairman Friedman abruptly resigns BEWARE OF THE
SUCKER'S RALLY? Betrayal of the People By Wall Street, Banks, and
Government FLASH: Treasury
Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama
Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression
PREVIOUS
5-8-09, the flaming full moon and effect on lunatic wall street
frauds and bull s**t alone (false data, not as bad as expected…riiiiight!…,
etc.) irrationally exuberantly rally stocks so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME! Unemployment up to 8.9%, US
unemployment hits 25-year high China fears bond
crisis as it slams quantitative easing The
Economy Will Not Recover Until The Perpetrators Of Our Crises Are Held
Accountable , etc..
BEWARE OF THE
SUCKER'S RALLY? ‘…Most recently, the S&P 500 soared 24 per cent over seven weeks ending
in early January, only to plunge to a new low. It was a fairly typical sucker’s
rally and bear markets often need more than one to create sufficient
disillusionment for a definitive bottom.
The 2000–2002 bear market had three, with average gains of 21 per cent
in the Dow Jones Industrials over 45 days. The granddaddy of all bear markets,
1929 –1932, had six false alarms with an average gain of 47 per cent. And
Japan’s ongoing bear saw the Nikkei rise by at least a third four times in its
first four years with 10 more false dawns since then. Bear markets typically
end with a whimper rather than a bang, casting doubt on the latest recovery
according to Hussman Econometrics, which analysed numerous US market bottoms
and bear market rallies. With the exception of the 1987 crash, the month before
the lowest point of a downturn saw a gradual descent. By contrast, bear market
rallies were preceded by steeper declines and had sharper rebounds. Another
characteristic of bear market rallies has been modest volume on the rebound
compared to the decline. The current recovery fits the pattern of bear market
rallies in terms of volume and the “V” shape of the trough. Analysts at Bespoke
Investment Group noted that there have been only seven other periods in the
past 110 years with rallies of similar magnitude for the Dow. Three preceded
the Great Depression, three came during the Depression and one in 1982…’
New record for continuing unemployment
claims and as with all government data, adp data, etc., is fudged to whatever
way necessary to help froth the market. Short-covering explaining part of what
remains of this continuing suckers’ bear market rally and as admonished by
analyst at Farr Miller is a bull trap. How about plain old bull crap! One
analyst (Craig Brown) points out that we’re not at the bottom yet: excerpt-‘
I hate repeating myself, but I do not see the economy at bottom just yet, so in
some respects I will keep repeating myself until either other people wake up to
this reality or something changes to wake me up. The markets were down a bit yesterday
and, according to Bloomberg, they were down due to fears of the stress test
results. I don't fear them; I fear what they hide. I fear that a reported 10
out of 19 banks failed when the tests were not at all stringent enough. I fear
that the government will soft-pedal the results to make them bad enough to have
a tad of credibility but not so bad that people run for the exits. Don't buy my
word for it, others are saying the same, including Nouriel Roubini. Nouriel has
been complaining for weeks on how the worst case
scenario in the stress tests is already rosier than reality.’ Some
perspective from Sajal… Excerpts – ie., …Mark Hulbert: That bullish
bandwagon. Commentary: Some sentiment measures showing too much optimism Art Cashin: "This rally is still
somewhat suspect. Albert Edwards :
"Despite one of the biggest economics and profit collapses in history, US
stocks have failed to get cheap in the same way that they have in Europe or
Japan. My concern is that the US equity bear market has not yet fully
played out. "The
current pop in the market is not dissimilar to the many bear market rallies
between 1929-1933, where signs of economic stabilisation were met with 25% plus
rallies... This optimism was subsequently crushed." Charles Allmon … He
still thinks the stock market could decline to 3,200-4,200 on the Dow by
2011-2012 -- and that it could cross the price of gold. Jim Bianco: "I don't think we
are getting out of this for a long while. This has been a lousy stock
rally. … …traders living in a fool's paradise if they continue to
drive the markets higher by buying stocks based on earnings that are down, say,
50 percent from this time last year, only because they're not down 75 percent… Diane Garnick, investment strategist at Invesco...In an interview on Tech Ticker, Garnick says that
companies are beating earnings expectations in the first quarter by Draconian
cost-cutting, an unsustainable strategy for long-term growth. More importantly,
although companies are beating profit estimates, thanks to the cost-cutting,
they are missing expectations for revenue, she says. Further, cost-cutting via
layoffs hurts the economy as a whole, Garnick argues, because the unemployed
spend less money… U.S. Economy: GDP
Shrinks in Worst Slump in 50 Years "You have to balance hope with reality," says Doug Sandler,
chief equity officer at Riverfront Investment Group. Sandler tells Andrew O'Day
"this is a good example of a year where you probably have a lot of hope
early, then the reality coming through…” …[The upshot is that the fraud continues in churn-and-earn
fashion with investors, taxpayer, etc., getting burned for the sake of wall
street greed/fraud. The lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc. - Analyst Andre Egleshion puts the amount
at $600+trillion) have been addressed much less
solved; hence, virtually all problems remain and there is but an
infinitesimally small fraction of the capital and resources necessary to solve
them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.]. U.S. Economy in 2nd Straight
Quarter of Steep Decline "You have to balance hope with
reality," says Doug Sandler, chief equity officer at Riverfront Investment
Group. Sandler tells Andrew O'Day "this is a good example of a year where
you probably have a lot of hope early, then the reality coming through
[$$] Banks Won
Concessions on Tests (at The Wall Street Journal Online) [$$] Hit by
Mortgage Defaults, Fannie Needs $19 Billion (at The Wall Street Journal Online) [$$] Bank Shares
Range-Bound Near Term (at Barron's Online) AP Sources:
Obama wants Fed to be finance supercop which is one of the dumber things I’ve
ever heard (very bushy) since the fed is the super criminal, capo, godfather,
etc., in the criminal enterprise called american finance/scam the taxpayer/etc.,
in this fraud of monumental proportion …
the bubble will again pop Fannie Mae
seeks $19B in US aid after 1Q loss Buffett's Berkshire has
first loss since 2001 Fed Sees Up to $599 Billion in
Bank Losses Is Rupert Murdoch losing it? Already past tense; he’s
lost it…so…..? EU Calls
for “Internet G12″ for Global Internet Governance US
unemployment hits 25-year high China fears bond
crisis as it slams quantitative easing The
Economy Will Not Recover Until The Perpetrators Of Our Crises Are Held
Accountable New York
Fed chairman Friedman abruptly resigns BEWARE OF THE
SUCKER'S RALLY? Betrayal of the People By Wall Street, Banks, and
Government FLASH: Treasury
Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama
Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression
PREVIOUS
5-7-09, yes, there is a flaming full moon which explains in large
part only modest losses relative to reality by the lunatic frauds on wall
street so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE
MUCH, MUCH WORSE TO COME! New record
for continuing unemployment claims and as with all government data, adp data,
etc., is fudged to whatever way necessary to help froth the market.
Short-covering explaining part of what remains of this continuing suckers’ bear
market rally and as admonished by analyst at Farr Miller is a bull trap. How
about plain old bull crap! One analyst (Craig Brown) points out that we’re
not at the bottom yet: excerpt-‘
I hate repeating myself, but I do not see the economy at bottom just yet, so in
some respects I will keep repeating myself until either other people wake up to
this reality or something changes to wake me up. The markets were down a bit yesterday
and, according to Bloomberg, they were down due to fears of the stress test
results. I don't fear them; I fear what they hide. I fear that a reported 10
out of 19 banks failed when the tests were not at all stringent enough. I fear
that the government will soft-pedal the results to make them bad enough to have
a tad of credibility but not so bad that people run for the exits. Don't buy my
word for it, others are saying the same, including Nouriel Roubini. Nouriel has
been complaining for weeks on how the worst case
scenario in the stress tests is already rosier than reality.’ Some
perspective from Sajal… Excerpts – ie., …Mark Hulbert: That bullish
bandwagon. Commentary: Some sentiment measures showing too much optimism Art Cashin: "This rally is still
somewhat suspect. Albert Edwards :
"Despite one of the biggest economics and profit collapses in history, US
stocks have failed to get cheap in the same way that they have in Europe or
Japan. My concern is that the US equity bear market has not yet fully
played out. "The
current pop in the market is not dissimilar to the many bear market rallies
between 1929-1933, where signs of economic stabilisation were met with 25% plus
rallies... This optimism was subsequently crushed." Charles Allmon … He
still thinks the stock market could decline to 3,200-4,200 on the Dow by
2011-2012 -- and that it could cross the price of gold. Jim Bianco: "I don't think we
are getting out of this for a long while. This has been a lousy stock
rally. … …traders living in a fool's paradise if they continue to
drive the markets higher by buying stocks based on earnings that are down, say,
50 percent from this time last year, only because they're not down 75 percent… Diane Garnick, investment strategist at Invesco...In an interview on Tech Ticker, Garnick says that
companies are beating earnings expectations in the first quarter by Draconian
cost-cutting, an unsustainable strategy for long-term growth. More importantly,
although companies are beating profit estimates, thanks to the cost-cutting,
they are missing expectations for revenue, she says. Further, cost-cutting via
layoffs hurts the economy as a whole, Garnick argues, because the unemployed
spend less money… U.S. Economy: GDP
Shrinks in Worst Slump in 50 Years "You have to balance hope with reality," says Doug Sandler,
chief equity officer at Riverfront Investment Group. Sandler tells Andrew O'Day
"this is a good example of a year where you probably have a lot of hope
early, then the reality coming through…” …[The upshot is that the fraud continues in churn-and-earn
fashion with investors, taxpayer, etc., getting burned for the sake of wall
street greed/fraud. The lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of fraudulent/worthless
securities, etc. - Analyst Andre Egleshion puts the amount at $600+trillion)
have been addressed much less solved; hence, virtually
all problems remain and there is but an infinitesimally small fraction of the
capital and resources necessary to solve them thanks to fraud, incompetence,
lack of knowledge/ability, greed, etc.]. U.S. Economy in 2nd Straight
Quarter of Steep Decline "You have to balance hope with
reality," says Doug Sandler, chief equity officer at Riverfront Investment
Group. Sandler tells Andrew O'Day "this is a good example of a year where
you probably have a lot of hope early, then the reality coming through
U.S. banks race
to fill $74.6 billion stress test hole NY Fed chair
resigns amid stock purchase questions and while they’re at it ask him and tiny
tim geithner about the missing $4 trillion at the N.Y. fed bank among other
things BofA needs $33.9 billion,
eyes stock and asset sales
Cyberbullying Bill Not About
Protecting Kids, It is About Shutting Down the Opposition Rupert Murdoch: “Internet Will
Soon Be Over – in his wet dreams along with presidents hillary, rudy, and
mccain – must be ancestral flashbacks to the penal colony days in australia” Taking on the banking cabal Looking Back on the Greatest
Depression 401(k)s
Hit by Withdrawal Freezes Taleb:
Global Crisis “Vastly Worse” Than 1930s, Buy Gold and Copper Dollar Hovering at
Cliff’s Edge Group
names 25 lenders responsible for economic meltdown $58: Oil prices
jump to new six-month high...
GM posts $6 billion loss for
first quarter... Betrayal of the People By Wall Street, Banks, and
Government FLASH: Treasury
Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama
Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression
PREVIOUS
5-6-09, Yes, there is a full moon which explains inlarge part
this ridiculous up move on bad news and bull s**t alone so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME! Some short-covering explaining
part of this continuing suckers’ bear market rally, the other as admonished by
analyst at Farr Miller is a bull trap. How about plain old bull crap! One
analyst (Craig Brown) points out that we’re not at the bottom yet: excerpt-‘
I hate repeating myself, but I do not see the economy at bottom just yet, so in
some respects I will keep repeating myself until either other people wake up to
this reality or something changes to wake me up. The markets were down a bit yesterday
and, according to Bloomberg, they were down due to fears of the stress test
results. I don't fear them; I fear what they hide. I fear that a reported 10
out of 19 banks failed when the tests were not at all stringent enough. I fear
that the government will soft-pedal the results to make them bad enough to have
a tad of credibility but not so bad that people run for the exits. Don't buy my
word for it, others are saying the same, including Nouriel Roubini. Nouriel has
been complaining for weeks on how the worst case
scenario in the stress tests is already rosier than reality.’ Some
perspective from Sajal… Excerpts – ie., …Mark Hulbert: That bullish
bandwagon. Commentary: Some sentiment measures showing too much optimism Art Cashin: "This rally is still
somewhat suspect. Albert Edwards :
"Despite one of the biggest economics and profit collapses in history, US
stocks have failed to get cheap in the same way that they have in Europe or
Japan. My concern is that the US equity bear market has not yet fully
played out. "The
current pop in the market is not dissimilar to the many bear market rallies
between 1929-1933, where signs of economic stabilisation were met with 25% plus
rallies... This optimism was subsequently crushed." Charles Allmon … He
still thinks the stock market could decline to 3,200-4,200 on the Dow by
2011-2012 -- and that it could cross the price of gold. Jim Bianco: "I don't think we
are getting out of this for a long while. This has been a lousy stock
rally. … …traders living in a fool's paradise if they continue to
drive the markets higher by buying stocks based on earnings that are down, say,
50 percent from this time last year, only because they're not down 75 percent… Diane Garnick, investment strategist at Invesco...In an interview on Tech Ticker, Garnick says that
companies are beating earnings expectations in the first quarter by Draconian
cost-cutting, an unsustainable strategy for long-term growth. More importantly,
although companies are beating profit estimates, thanks to the cost-cutting,
they are missing expectations for revenue, she says. Further, cost-cutting via
layoffs hurts the economy as a whole, Garnick argues, because the unemployed
spend less money… U.S. Economy: GDP
Shrinks in Worst Slump in 50 Years "You have to balance hope with reality," says Doug Sandler,
chief equity officer at Riverfront Investment Group. Sandler tells Andrew O'Day
"this is a good example of a year where you probably have a lot of hope
early, then the reality coming through…” …[The upshot is that the fraud continues in churn-and-earn
fashion with investors, taxpayer, etc., getting burned for the sake of wall
street greed/fraud. The lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc. - Analyst Andre Egleshion puts the amount
at $600+trillion) have been addressed much less
solved; hence, virtually all problems remain and there is but an
infinitesimally small fraction of the capital and resources necessary to solve
them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.]. U.S. Economy in 2nd Straight
Quarter of Steep Decline "You have to balance hope with
reality," says Doug Sandler, chief equity officer at Riverfront Investment
Group. Sandler tells Andrew O'Day "this is a good example of a year where
you probably have a lot of hope early, then the reality coming through
BofA, Citi,
Wells need capital under stress tests NEED BILLIONS AND BILLIONS MORE Bank stress tests show some
banks need more funds Almost a Quarter of U.S.
Homeowners Are Underwater Banks Need Billions More Globalizing the Internet Hedge
Fund Leader Blasts Obama for “Bullying” and “Abuse of Power” About that “loan”:
Obama team writes off $7 billion taxpayers loaned Chrysler $56: Oil prices
jump to new high for year... US wants Israel, India, Iran to sign NPT Betrayal of the People By Wall Street, Banks, and
Government FLASH: Treasury
Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama
Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression
PREVIOUS
5-5-09, So small were the losses relative to reality that to try
and make sense of same (americans among other investors must love getting
burned by the frauds on wall street who are commissioning the new bubble like
mad and don’t worry since in america today they socialize their losses and
privatize their gains) is but a fool’s errand so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME! One analyst (Craig Brown) points out that we’re
not at the bottom yet: excerpt-‘
I hate repeating myself, but I do not see the economy at bottom just yet, so in
some respects I will keep repeating myself until either other people wake up to
this reality or something changes to wake me up. The markets were down a bit yesterday
and, according to Bloomberg, they were down due to fears of the stress test
results. I don't fear them; I fear what they hide. I fear that a reported 10
out of 19 banks failed when the tests were not at all stringent enough. I fear
that the government will soft-pedal the results to make them bad enough to have
a tad of credibility but not so bad that people run for the exits. Don't buy my
word for it, others are saying the same, including Nouriel Roubini. Nouriel has
been complaining for weeks on how the worst case
scenario in the stress tests is already rosier than reality.’ Some perspective
from Sajal… Excerpts – ie., …Mark Hulbert: That bullish
bandwagon. Commentary: Some sentiment measures showing too much optimism Art Cashin: "This rally is still
somewhat suspect. Albert Edwards :
"Despite one of the biggest economics and profit collapses in history, US
stocks have failed to get cheap in the same way that they have in Europe or
Japan. My concern is that the US equity bear market has not yet fully
played out. "The
current pop in the market is not dissimilar to the many bear market rallies
between 1929-1933, where signs of economic stabilisation were met with 25% plus
rallies... This optimism was subsequently crushed." Charles Allmon … He
still thinks the stock market could decline to 3,200-4,200 on the Dow by
2011-2012 -- and that it could cross the price of gold. Jim Bianco: "I don't think we
are getting out of this for a long while. This has been a lousy stock
rally. … …traders living in a fool's paradise if they continue to
drive the markets higher by buying stocks based on earnings that are down, say,
50 percent from this time last year, only because they're not down 75 percent… Diane Garnick, investment strategist at Invesco...In an interview on Tech Ticker, Garnick says that
companies are beating earnings expectations in the first quarter by Draconian
cost-cutting, an unsustainable strategy for long-term growth. More importantly,
although companies are beating profit estimates, thanks to the cost-cutting,
they are missing expectations for revenue, she says. Further, cost-cutting via
layoffs hurts the economy as a whole, Garnick argues, because the unemployed
spend less money… U.S. Economy: GDP
Shrinks in Worst Slump in 50 Years "You have to balance hope with reality," says Doug Sandler,
chief equity officer at Riverfront Investment Group. Sandler tells Andrew O'Day
"this is a good example of a year where you probably have a lot of hope
early, then the reality coming through…” …[The upshot is that the fraud continues in churn-and-earn
fashion with investors, taxpayer, etc., getting burned for the sake of wall
street greed/fraud. The lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc. - Analyst Andre Egleshion puts the amount
at $600+trillion) have been addressed much less
solved; hence, virtually all problems remain and there is but an
infinitesimally small fraction of the capital and resources necessary to solve
them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.]. U.S. Economy in 2nd Straight
Quarter of Steep Decline "You have to balance hope with
reality," says Doug Sandler, chief equity officer at Riverfront Investment
Group. Sandler tells Andrew O'Day "this is a good example of a year where
you probably have a lot of hope early, then the reality coming through
Bank of America
to need $34 billion in capital: source Yen rises,
stocks slip on Bank of America needs Moody's downgrades NYSE
Euronext debt (AP) Auditors see SEC
deficiencies Stress Test
Results Seem to Be Changing Daily (at Seeking Alpha) We Haven't
Reached the Bottom Yet About
that “loan”: Obama team writes off $7 billion taxpayers loaned Chrysler US
Fed rejects request to help credit card holders Fed
Stress Tests to Show About 10 Banks Need Capital Gold
Climbs to One-Week High as Dollar Declines; Platinum Gains Editorial: Bleak forecast for EU economies Michigan
residents mine bodies for cash; Sellers offer hair, blood... GM plans
1-for-100 reverse stock split...
The Economic
Pain Ain't Over Yet Economic
downturn ‘twice as bad as feared’ NEEDS MORE: House Dems seek $94.2 billion in 'emergency funds'... Betrayal of the People By Wall Street, Banks, and
Government FLASH: Treasury
Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama
Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression
PREVIOUS
5-4-09, so preposterous was the day’s suckers’ rally that I
cannot dignify same with my own commentary other than to say SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME! Some perspective from Sajal…
Excerpts – ie., …Mark Hulbert: That bullish
bandwagon. Commentary: Some sentiment measures showing too much optimism Art Cashin: "This rally is still
somewhat suspect. Albert Edwards :
"Despite one of the biggest economics and profit collapses in history, US
stocks have failed to get cheap in the same way that they have in Europe or
Japan. My concern is that the US equity bear market has not yet fully
played out. "The
current pop in the market is not dissimilar to the many bear market rallies
between 1929-1933, where signs of economic stabilisation were met with 25% plus
rallies... This optimism was subsequently crushed." Charles Allmon … He
still thinks the stock market could decline to 3,200-4,200 on the Dow by
2011-2012 -- and that it could cross the price of gold. Jim Bianco: "I don't think we
are getting out of this for a long while. This has been a lousy stock
rally. … …traders living in a fool's paradise if they continue to
drive the markets higher by buying stocks based on earnings that are down, say,
50 percent from this time last year, only because they're not down 75 percent… Diane Garnick, investment strategist at Invesco...In an interview on Tech Ticker, Garnick says that
companies are beating earnings expectations in the first quarter by Draconian
cost-cutting, an unsustainable strategy for long-term growth. More importantly,
although companies are beating profit estimates, thanks to the cost-cutting,
they are missing expectations for revenue, she says. Further, cost-cutting via
layoffs hurts the economy as a whole, Garnick argues, because the unemployed
spend less money… U.S. Economy: GDP
Shrinks in Worst Slump in 50 Years "You have to balance hope with reality," says Doug Sandler,
chief equity officer at Riverfront Investment Group. Sandler tells Andrew O'Day
"this is a good example of a year where you probably have a lot of hope
early, then the reality coming through…” …[The upshot is that the fraud continues in churn-and-earn
fashion with investors, taxpayer, etc., getting burned for the sake of wall
street greed/fraud. The lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc. - Analyst Andre Egleshion puts the amount
at $600+trillion) have been addressed much less
solved; hence, virtually all problems remain and there is but an
infinitesimally small fraction of the capital and resources necessary to solve
them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.]. U.S. Economy in 2nd Straight
Quarter of Steep Decline "You have to balance hope with
reality," says Doug Sandler, chief equity officer at Riverfront Investment
Group. Sandler tells Andrew O'Day "this is a good example of a year where
you probably have a lot of hope early, then the reality coming Georgia, N.J.
and Utah banks fail The Economic
Pain Ain't Over Yet Obama says
financial sector to shrink (Reuters) Buffett
dispenses gloom at Berkshire fest…daaaah! Warren Buffett
warns inflation is on the horizon …daaah!(at Fortune) SHOCK CLAIM: WHITE HOUSE BULLY THREAT OVER AUTO BANKRUPTCY...
China 'cutting down purchases of US Treasury bonds'... Obama: Wall Street will play less dominant role... ...financial
sector to shrink European
economy 'will shrink 4%'
About 10 U.S. stress test
banks to need more capital
UBS remains
cautious after confirming first-quarter loss AIG to post
first-quarter loss, no new bailout: source Prepare for
Another Round of U.S. 'Stimulus' Propaganda Swine Flu A Hoax, But Martial Law All Too Real U.S. families rely on handouts
in world’s richest country Attack on the
Chrysler Capitalists Obama
Pushes ‘Crackdown’ on Legal Tax ‘Havens’ Economic
downturn ‘twice as bad as feared’ NEEDS MORE: House Dems seek $94.2 billion in 'emergency funds'... Betrayal of the People By Wall Street, Banks, and
Government FLASH: Treasury
Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama
Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression
PREVIOUS
5-1-09, suckers’ rally into the close to keep suckers sucked in
based on very bad news [U.S. Economy: GDP Shrinks in Worst Slump in 50 Years , Georgia, N.J. banks fail, bringing '09 total to
31 , Auto sales plunge to near 30-year lows ,
Chrysler to close 5 more plants; court case begins , ‘China cancels
America’s credit card’ , Mark Hulbert who tracks investment consensus
says bear market rally and new lows before new highs , continuing claims for unemployment at new
record 6.3 million, new claims at 631,000 for prior week, worse than expected
are consumer spending -.2% and personal income -.3%, Chrysler receives
additional $8 billion in taxpayer funds and files for bankruptcy, U.S. Economy in 2nd Straight Quarter of Steep Decline , leading economic
indicators ( a forward looking guage of economic activity/growth) declined a
much worse than expected –6.1% which one analyst commented was negative and
getting worse, pandemic level raised to 5, banks need another trillion, new
home sales down, durable goods sales down, 4 more bank failures to 27 for 2009
thus far, GM borrows $2 billion more/close dealers/many more layoffs, Ford
loses almost $2 billion, Microsoft reports first decline in revenue ever, U.S. Initial Jobless Claims
Rose to 640,000 Last Week as Continuing Claims Exceed 6.1 million for new
record …k, etc. , home sales down
3%, prices down 12%, etc. ] and bull s**t ( fed says pace of
decline slowing…riiiiight!, dilutive stock issues, not as bad as expected, Consumer confidence soars past forecasts (on
fake conference board report) in April – riiiiight! Come on! Even americans are
not that shortsighted /blind /dumb!… l , etc. ) alone to
keep fraudulent wall street’s churn and earn commissionable bubble ( Interview with Peter Schiff: Reflating the Bubble ) fraud rolling (on the way up and on the way
down) so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE
MUCH, MUCH WORSE TO COME! ‘…economic conditions remain dour. Factory orders for March declined
0.9%, which is worse than the 0.6% decline that was widely expected, and
February orders were revised lower to reflect an increase of 0.7%. Meanwhile,
the ISM Manufacturing Index for April showed continued contraction. It came in
at 40.1. However, that was better than the 38.4 that was expected, and was also
up from 36.3 in March. With economic conditions continuing to challenge
businesses and consumers, Ford (F 5.69, -0.29) announced April auto sales fell 31.6%, while General Motors (GM 1.81, -0.11) said its US sales fell
34% in April…’ …traders living in a fool's paradise if
they continue to drive the markets higher by buying stocks based on earnings
that are down, say, 50 percent from this time last year, only because they're
not down 75 percent… Diane Garnick, investment strategist at Invesco...In an interview on Tech Ticker, Garnick says that
companies are beating earnings expectations in the first quarter by Draconian
cost-cutting, an unsustainable strategy for long-term growth. More importantly,
although companies are beating profit estimates, thanks to the cost-cutting,
they are missing expectations for revenue, she says. Further, cost-cutting via
layoffs hurts the economy as a whole, Garnick argues, because the unemployed
spend less money… U.S. Economy: GDP
Shrinks in Worst Slump in 50 Years "You have to balance hope with reality," says Doug Sandler,
chief equity officer at Riverfront Investment Group. Sandler tells Andrew O'Day
"this is a good example of a year where you probably have a lot of hope
early, then the reality coming through…” …[The upshot is that the fraud continues in churn-and-earn
fashion with investors, taxpayer, etc., getting burned for the sake of wall
street greed/fraud. The lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc. - Analyst Andre Egleshion puts the amount
at $600+trillion) have been addressed much less
solved; hence, virtually all problems remain and there is but an
infinitesimally small fraction of the capital and resources necessary to solve
them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.]. U.S. Economy in 2nd Straight
Quarter of Steep Decline Dollar falls
on euro, up on yen on GDP hopes…riiiiight! "You have to balance hope with reality," says Doug
Sandler, chief equity officer at Riverfront Investment Group. Sandler tells
Andrew O'Day "this is a good example of a year where you probably have a
lot of hope early, then the reality coming throughSocial Security: Bankrupt System Will Impact
Markets Sooner Than Expected Georgia, N.J. banks fail, bringing '09 total
to 31 U.S. Economy: GDP Shrinks in Worst Slump in 50 Years Auto sales plunge to near 30-year lows [$$] The Overvalued Market Needs a Healthy
Pullback Major wholesale bank shuttered …Silverton, Ga…and then
Ridgewood, n.j. for 31st bank failure
this year (at CNNMoney.com) Manufacturing declines at slower rate in April …
riiiiight!…(AP) Chrysler to close 5 more plants; court case
begins Results delayed again on banks stress tests
…the fudge factor!…(at bizjournals.com) Regulators close two more banks U.S. families rely on handouts
in world’s formerly richest country Elliot Wave Theorists Claim Pandemics Always Happen In a
Bear Market CITI Said to Need Up to $10 Billion; Bank Disputes 'Stress Test'
Result... ‘China cancels
America’s credit card’ China, wary of
the troubled US economy, has ‘canceled America’s credit card’ by cutting down
purchases of debt, a US congressman says.
Top Senate
Democrat: bankers “own” the U.S. Congress Stress-Test
Results Are Delayed by Fed as Examiners, Banks Debate Findings... Economy shrinks at
worse-than-expected pace... Metro
Unemployment Skyrockets; Some Cities See Rates Comparable To Great
Depression... STRESS: Fed
Finds at Least 6 of 19 Biggest Banks Need to Raise More Capital... CITI scrambles... MSNBC's
Washington HQ Can't Make Rent: Looking to Share Space with Local U... Betrayal of the People By Wall Street, Banks, and
Government FLASH: Treasury
Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama
Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression
PREVIOUS
4-30-09, very modest losses relative to reality to keep suckers
sucked in based on very bad news [Continuing claims for unemployment at
new record 6.3 million, new claims at 631,000 for prior week, worse than
expected are consumer spending -.2% and personal income -.3%, Chrysler receives
additional $8 billion in taxpayer funds and files for bankruptcy, U.S. Economy in 2nd Straight Quarter of Steep Decline , leading economic
indicators ( a forward looking guage of economic activity/growth) declined a
much worse than expected –6.1% which one analyst commented was negative and
getting worse, pandemic level raised to 5, banks need another trillion, new
home sales down, durable goods sales down, 4 more bank failures to 27 for 2009
thus far, GM borrows $2 billion more/close dealers/many more layoffs, Ford
loses almost $2 billion, Microsoft reports first decline in revenue ever, U.S. Initial Jobless Claims
Rose to 640,000 Last Week as Continuing Claims Exceed 6.1 million for new
record …k, etc. , home sales
down 3%, prices down 12%, etc. ] and bull s**t ( fed says
pace of decline slowing…riiiiight!, dilutive stock issues, not as bad as
expected, Consumer confidence soars past forecasts (on
fake conference board report) in April – riiiiight! Come on! Even americans are
not that shortsighted /blind /dumb!… l , etc. ) alone to
keep fraudulent wall street’s churn and earn commissionable bubble ( Interview with Peter Schiff: Reflating the Bubble ) fraud rolling (on the way up and on the way
down) so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE
MUCH, MUCH WORSE TO COME! …traders
living in a fool's paradise if they continue to drive the markets higher by
buying stocks based on earnings that are down, say, 50 percent from this time
last year, only because they're not down 75 percent… Diane Garnick, investment strategist at Invesco...In an interview on Tech Ticker, Garnick says that
companies are beating earnings expectations in the first quarter by Draconian
cost-cutting, an unsustainable strategy for long-term growth. More importantly,
although companies are beating profit estimates, thanks to the cost-cutting,
they are missing expectations for revenue, she says. Further, cost-cutting via
layoffs hurts the economy as a whole, Garnick argues, because the unemployed
spend less money… U.S. Economy: GDP
Shrinks in Worst Slump in 50 Years "You have to balance hope with reality," says Doug Sandler,
chief equity officer at Riverfront Investment Group. Sandler tells Andrew O'Day
"this is a good example of a year where you probably have a lot of hope
early, then the reality coming through…” …[The upshot is that the fraud continues in churn-and-earn
fashion with investors, taxpayer, etc., getting burned for the sake of wall street
greed/fraud. The lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc. - Analyst Andre Egleshion puts the amount
at $600+trillion) have been addressed much less
solved; hence, virtually all problems remain and there is but an
infinitesimally small fraction of the capital and resources necessary to solve
them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.]. U.S. Economy in 2nd Straight
Quarter of Steep Decline Dollar falls
on euro, up on yen on GDP hopes…riiiiight! "You have to balance hope with reality," says Doug
Sandler, chief equity officer at Riverfront Investment Group. Sandler tells
Andrew O'Day "this is a good example of a year where you probably have a
lot of hope early, then the reality coming through…” Chrysler files
for Chapter 11 bankruptcy Motorola loss
widens; analysts see worrisome signs Dow Chemical
1Q profit tumbles 97 percent With earnings
bar low, April fraudulently strong for stocks Will
the Swine Flu Get the Same Response as the Financial Crisis - Protect the
Status Quo without Really Changing Anything? U.S. Economy: GDP
Shrinks in Worst Slump in 50 Years Top Senate
Democrat: bankers “own” the U.S. Congress Stress-Test
Results Are Delayed by Fed as Examiners, Banks Debate Findings... Economy shrinks at
worse-than-expected pace... Metro
Unemployment Skyrockets; Some Cities See Rates Comparable To Great
Depression... STRESS: Fed
Finds at Least 6 of 19 Biggest Banks Need to Raise More Capital... CITI scrambles... MSNBC's
Washington HQ Can't Make Rent: Looking to Share Space with Local U... Betrayal of the People By Wall Street, Banks, and
Government FLASH: Treasury
Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama
Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression
PREVIOUS
4-29-09, flagrant suckers’ rally to keep suckers sucked in based
on very bad news [ U.S. Economy in 2nd Straight Quarter of Steep Decline leading
economic indicators ( a forward looking guage of economic activity/growth)
declined a much worse than expected –6.1% which one analyst commented was
negative and getting worse, pandemic level raised to 5, banks need another
trillion, new home sales down, durable goods sales down, 4 more bank failures
to 27 for 2009 thus far, GM borrows $2 billion more/close dealers/many more
layoffs, Ford loses almost $2 billion, Microsoft reports first decline in
revenue ever, U.S. Initial Jobless Claims
Rose to 640,000 Last Week as Continuing Claims Exceed 6.1 million for new record
…k, etc. , home sales down 3%, prices down 12%,
etc. ] and bull s**t ( fed says pace of decline
slowing…riiiiight!, dilutive stock issues, not as bad as expected, Consumer confidence soars past forecasts (on
fake conference board report) in April – riiiiight! Come on! Even americans are
not that shortsighted /blind /dumb!… l , etc. ) alone to
keep fraudulent wall street’s churn and earn commissionable bubble ( Interview with Peter Schiff: Reflating the Bubble ) fraud rolling (on the way up and on the way
down) so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE
MUCH, MUCH WORSE TO COME! …traders
living in a fool's paradise if they continue to drive the markets higher by
buying stocks based on earnings that are down, say, 50 percent from this time
last year, only because they're not down 75 percent… Diane Garnick, investment strategist at Invesco...In an interview on Tech Ticker, Garnick says that
companies are beating earnings expectations in the first quarter by Draconian
cost-cutting, an unsustainable strategy for long-term growth. More importantly,
although companies are beating profit estimates, thanks to the cost-cutting,
they are missing expectations for revenue, she says. Further, cost-cutting via
layoffs hurts the economy as a whole, Garnick argues, because the unemployed
spend less money… "You
have to balance hope with reality," says Doug Sandler, chief equity
officer at Riverfront Investment Group. Sandler tells Andrew O'Day "this
is a good example of a year where you probably have a lot of hope early, then
the reality coming through…” …[The upshot is that the fraud continues in churn-and-earn
fashion with investors, taxpayer, etc., getting burned for the sake of wall
street greed/fraud. The lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc. - Analyst Andre Egleshion puts the amount
at $600+trillion) have been addressed much less
solved; hence, virtually all problems remain and there is but an
infinitesimally small fraction of the capital and resources necessary to solve
them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.]. U.S. Economy in 2nd Straight
Quarter of Steep Decline Dollar falls
on euro, up on yen on GDP hopes…riiiiight! "You have to balance hope with reality," says Doug
Sandler, chief equity officer at Riverfront Investment Group. Sandler tells
Andrew O'Day "this is a good example of a year where you probably have a
lot of hope early, then the reality coming through…” Economy shrinks at
worse-than-expected pace... Metro
Unemployment Skyrockets; Some Cities See Rates Comparable To Great
Depression... STRESS: Fed
Finds at Least 6 of 19 Biggest Banks Need to Raise More Capital... CITI scrambles... MSNBC's
Washington HQ Can't Make Rent: Looking to Share Space with Local U... Betrayal of the People By Wall Street, Banks, and
Government FLASH: Treasury
Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama
Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression
PREVIOUS
4-28-09, very modest losses relative to reality to keep suckers
sucked in based on bad news (banks need another trillion, new home sales down,
durable goods sales down, 4 more bank failures, GM borrows $2 billion more,
Ford loses almost $2 billion, Microsoft reports first decline in revenue ever, U.S. Initial Jobless Claims
Rose to 640,000 Last Week as Continuing Claims Exceed 6.1 million for new
record …k, etc. , home sales
down 3%, prices down 12%, etc. ) and bull s**t ( dilutive
stock issues, not as bad as expected, Consumer confidence soars past forecasts (on
fake conference board report) in April – riiiiight! Come on! Even americans are
not that shortsighted /blind /dumb!… l etc. ) alone to keep
fraudulent wall street’s churn and earn commissionable bubble ( Interview with Peter Schiff: Reflating the Bubble ) fraud rolling (on the way up and on the way
down) so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE
MUCH, MUCH WORSE TO COME! Sun's loss widens on restructuring, slumping
sales Citi, BofA may need more capital after stress
tests (Reuters) GM to force more than 1,000 dealers to close Douglas, Stone head back to `Wall Street' (AP) E-Trade Financial 1st-qtr loss widens, shares fall
(AP) Textron's 1st-quarter profit falls 63 pct (AP) …traders living in a fool's paradise if they continue to
drive the markets higher by buying stocks based on earnings that are down, say,
50 percent from this time last year, only because they're not down 75 percent… Diane Garnick, investment strategist at Invesco...In an interview on Tech Ticker, Garnick says that
companies are beating earnings expectations in the first quarter by Draconian
cost-cutting, an unsustainable strategy for long-term growth. More importantly,
although companies are beating profit estimates, thanks to the cost-cutting,
they are missing expectations for revenue, she says.Further, cost-cutting via
layoffs hurts the economy as a whole, Garnick argues, because the unemployed
spend less money… Betrayal of the People By Wall Street, Banks, and
Government FLASH: Treasury
Borrows Record $361 Billion for 2nd Quarter... The Great Geithner Coverup Obama
Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression
PREVIOUS
4-27-09, only modest losses relative to reality to keep suckers sucked
in based on bad news (banks need another trillion, new home sales down, durable
goods sales down, 4 more bank failures, GM borrows $2 billion more, Ford loses
almost $2 billion, Microsoft reports first decline in revenue ever, U.S. Initial Jobless Claims
Rose to 640,000 Last Week as Continuing Claims Exceed 6.1 million for new
record …k, etc. , home sales
down 3%, prices down 12%, etc. ) and bull s**t ( dilutive
stock issues, not as bad as expected, etc. ) alone to keep
fraudulent wall street’s churn and earn commissionable bubble ( Interview with Peter Schiff: Reflating the Bubble ) fraud rolling (on the way up and on the way
down) so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE
MUCH, MUCH WORSE TO COME! …traders living in a fool's paradise if they continue to drive
the markets higher by buying stocks based on earnings that are down, say, 50
percent from this time last year, only because they're not down 75 percent… Diane Garnick, investment strategist at Invesco...In an interview on Tech Ticker, Garnick says that
companies are beating earnings expectations in the first quarter by Draconian
cost-cutting, an unsustainable strategy for long-term growth. More importantly,
although companies are beating profit estimates, thanks to the cost-cutting,
they are missing expectations for revenue, she says.Further, cost-cutting via
layoffs hurts the economy as a whole, Garnick argues, because the unemployed
spend less money… Betrayal of the People By Wall Street, Banks, and
Government GM OFFERS ITSELF
UP FOR NATIONALIZATION... FLASH: Treasury
Borrows Record $361 Billion for 2nd Quarter... GM goes for
broke Corporate CFR Members Get Most of the Bailout Money Flu
fears dampen talk of tentative world recovery Raised
pandemic risk, bank capital report fuels fresh fears US newspaper
circulation sees biggest decline yet (AP) WSJ: Regulators urge BofA,
Citi to boost capital
GM goes for broke CNNMoney | General Motors announced plans Monday to cut 23,000 U.S. jobs by
2011, drop its storied Pontiac brand and slash 40% of its dealer network in its
latest bid to stay out of bankruptcy.
U.S.
Initial Jobless Claims Rose to 640,000 Last Week
Gore
Denies that Ken Lay, Goldman Sachs CEOs Helped Develop C02 Trading ‘Scheme’:
VIDEO
PREVIOUS
4-24-09, suckers’ bear market rally to keep suckers sucked in
based on bad news ( new home sales down, durable goods sales down, 4 more bank
failures, GM borrows $2 billion more, Ford loses almost $2 billion, Microsoft
reports first decline in revenue ever, U.S. Initial Jobless Claims
Rose to 640,000 Last Week as Continuing Claims Exceed 6.1 million for new
record …k, etc. , home sales
down 3%, prices down 12%, etc. ) and bull s**t ( dilutive
stock issues, not as bad as expected, etc. ) alone to keep
fraudulent wall street’s churn and earn commissionable bubble ( Interview with Peter Schiff: Reflating the Bubble ) fraud rolling (on the way up and on the way
down) so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE
MUCH, MUCH WORSE TO COME! Watch out for
the fake government stress tests (they lie about everything!). Note the delay
in the rollout. Bank analyst Cassidy says bank plan a failure. Business week
business analyst /reporter says (tongue in cheek) the optimism (irrational
exuberance) must be the advent of spring and the birds chirping (in the heads
of the wall street lunatic/frauds…cukoos). Analysts/Economists comments
include: slow release of stress test results, details and accuracy of data
crucial for stress tests (good luck!), things have not bottomed out but pace of
decline has slowed somewhat, bleak outlook for GM, Chrysler and bankruptcy
probably necessary because of legacy costs, and public pension funds with
ridiculously rich benefits the next shoe to drop. Oxdown Gazette sums up the crucial story | ‘The 12
trillion that is being floated to insolvent US banks is essentially being
looted in the paper economy’ (ie., churn and earn by wall street fraudsters who
must be prosecuted and forced disgorgement/forfeiture in the massive securities
fraud that still goes unmentioned though the source of this economic debacle,
etc.).
Four more banks shuttered as credit crunch
shakes out
Why
Housing Is Not Coming Back Obama Talks Credit Cards,
Summers Nods Off This Volatility Is Off the Charts! Banks May Struggle After 'Stress Tests'; Bad Assets Triple...
R.I.P.: GM to pull the plug on Pontiac...
Four more banks closed by
regulators, this years closures exceeding all of 2008 as depression continues John Letzing, MarketWatch April 24, 2009 SAN FRANCISCO
(MarketWatch) -- Four banks in Georgia, Michigan, California and Idaho were
closed by regulators Friday, costing the Federal Deposit Insurance Corp.'s
deposit insurance fund nearly $700 million as the effects of the credit crisis
continued rippling throughout the U.S. economy. Kennesaw, Ga.-based American Southern Bank
marked the 26th bank failure of the year and the fifth in the state of Georgia,
the FDIC said. Farmington Hills, Mich.-based Michigan Heritage Bank then became
the 27th failure of 2009, followed by the closure of Calabasas, Ca.-based First
Bank of Beverly Hills. Alpharetta, Ga.-based Bank of North Georgia has agreed
to assume American Southern Bank's deposits, the FDIC said in a statement…
Germany’s slump
risks ‘explosive’ mood as second banking crisis looms China
Increases Gold Reserves 76% to Fifth-Largest
PREVIOUS
4-23-09, suckers’ rally in last 30 minutes to keep suckers sucked
in based on bad news ( U.S. Initial Jobless Claims
Rose to 640,000 Last Week as Continuing Claims Exceed 6.1 million for new
record …k, etc. , home sales
down 3%, prices down 12%, etc. ) and bull s**t ( dilutive
stock issues, not as bad as expected, etc. ) alone to keep
fraudulent wall street’s churn and earn commissionable bubble ( Interview with Peter Schiff: Reflating the Bubble ) fraud rolling (on the way up and on the way
down) so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE
MUCH, MUCH WORSE TO COME! Watch out for
the fake government stress tests (they lie about everything!). Oxdown Gazette sums up the crucial story | ‘The 12
trillion that is being floated to insolvent US banks is essentially being
looted in the paper economy’ (ie., churn and earn by wall street fraudsters who
must be prosecuted and forced disgorgement/forfeiture in the massive securities
fraud that still goes unmentioned though the source of this economic debacle,
etc.). U.S. Initial Jobless Claims Rose to
640,000 Last Week as Continuing Claims Exceed 6.1 million for new record …k
Russia’s
economy shrank a staggering 9.5% in first quarter Truth About TARP Reports:
GM to Shut Down Plants for the Summer President's financial adviser falls asleep while Obama talks! ON
THE BRINK: Feds preparing bankruptcy filing for CHRYSLER... AMEX Profit Drops 58% as Defaults Rise, Consumers Cut
Spending... Microsoft's sales show fallout of recession Normura posts record $7.3 billion annual loss Interview with Peter Schiff: Reflating the Bubble
Soaring
U.S. Budget Deficit Will Mean Billions in Bond Sales Housing bubble
smackdown: Huge “shadow inventory” portends a bigger crash ahead AP Sources:GM to shut many US plants up to
9 weeks - General Motors Corp. is planning to
temporarily close most of its U.S. factories for up to nine weeks this summer
because of slumping sales and growing inventories of unsold vehicles, three people
bri… [$$] Morgan Stanley Still at Loss (at
The Wall Street Journal Online) [$$] Gauging Stress: More Losses Likely (at The Wall
Street Journal Online)
No quick cybersecurity fix seen
Banks still in distress, Geithner tells
overseers…DAAAAAH! How ‘bout insolvent!…(AP) David Tice: S&P 500 To Plunge to
325 Housing Starts
Fall Sharply... Wall Street loses 3,100 jobs in March …
Should lose another 90% OF THEIR CHURN AND EARN JOBS (Reuters) Treasury Stress Test Won't Add Clarity or
Transparency - Just Inconsistency … and lack of meaningful FASB standard (ie.,
mark to market abolition, etc.) means more fraud (at Seeking Alpha) Questions
linger over Tarp funding... MAJOR MALL
OPERATOR FILES FOR BANKRUPTCY... JPMorgan and Goldman trading profits
unlikely to last Reuters The Great Geithner Coverup Obama Maintains His
Perfect Batting Average for Appointing
Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression
PREVIOUS
4-22-09, modest losses
relative to reality in mixed market close so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME! Oxdown Gazette sums up the crucial story | ‘The 12
trillion that is being floated to insolvent US banks is essentially being
looted in the paper economy’(ie., churn and earn by wall street fraudsters who
must be prosecuted and forced disgorgement/forfeiture in the massive securities
fraud that still goes unmentioned though the source of this economic debacle,
etc.). ‘For the second session in a row, stocks
opened lower but buyers moved in to bid the major indices higher (based on
nothing at all). However, upward momentum stalled as the S&P 500 approached
the 850 level in the final hour of trading, which prompted sellers to re-enter
the fold and hand stocks a sizeable loss. The late selling effort focused on
financial stocks, which closed with a loss of 3.8%, worse than any other sector
in the S&P 500. Shares of Morgan Stanley (MS 22.44, -2.21)
weighed heavily on the financial sector after the company reported a larger-than-expected
first quarter loss and a dividend cut.’
Gold
Heading Above $2,000 by End of 2010: Strategist Soaring
U.S. Budget Deficit Will Mean Billions in Bond Sales Housing bubble
smackdown: Huge “shadow inventory” portends a bigger crash ahead AP Sources:GM to shut many US plants up to
9 weeks - General Motors Corp. is planning to
temporarily close most of its U.S. factories for up to nine weeks this summer
because of slumping sales and growing inventories of unsold vehicles, three
people bri... Falling bank stocks unravel rally; Dow
loses 83 - Nagging
worries about banks upended a stock market rally Wednesday. [$$] Morgan Stanley Still at Loss (at
The Wall Street Journal Online) Talks on mortgage relief plan hit a snag (AP)
- Negotiations between the banking industry and Senate Democrats
on a mortgage relief plan hit a snag Wednesday after a trade association
representing credit unions said it could not endorse the proposa... [$$] Gauging Stress: More Losses Likely (at The Wall
Street Journal Online)
No quick cybersecurity fix seen
Banks still in distress, Geithner tells
overseers…DAAAAAH! How ‘bout insolvent!…(AP) David Tice: S&P 500 To Plunge to
325 Housing Starts
Fall Sharply... Wall Street loses 3,100 jobs in March …
Should lose another 90% OF THEIR CHURN AND EARN JOBS (Reuters) Treasury Stress Test Won't Add Clarity or
Transparency - Just Inconsistency … and lack of meaningful FASB standard (ie.,
mark to market abolition, etc.) means more fraud (at Seeking Alpha) Questions linger
over Tarp funding... MAJOR MALL
OPERATOR FILES FOR BANKRUPTCY... JPMorgan and Goldman trading profits
unlikely to last Reuters The Great Geithner Coverup Obama Maintains His
Perfect Batting Average for Appointing
Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression
PREVIOUS 4-21-09, Tiny Tim talks the
talk in testimony tit for tat talking the talk, or stated another way, how much
talk could tiny tim talk if a tiny tim could talk talk, said three times fast
and you have the inspiration for a rally on fraudulent wall street based on
bull s**t alone as bad news and bull s**t alone has kept the churn and earn
commissionable bubble fraud rolling (on the way up and on the way down) so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME! Even main stream business radio
reporter Laura Gregory references the ‘rally based on nothing at all’, which of
course is true. One analyst said all bank problems remain and reality
would not limit the remaining problems to banks. IMF says $2.7 trillion in losses ahead
for (u.s.) banks. judd greg says u.s.
couldn’t meet the economic criteria for admission to EU. WOW! Given the
economic state of the EU, that’s worse than bad! Seeking
Alpha Analyst sums it up ‘…The six-week-long rally is over. It was huge. The
Dow Jones is up almost 1500 points. But the party is over. The Dow Jones fell
under its 13 day moving average, the same thing happened to the S&P 500 and
the Nasdaq composite. I had some hope that the Naz could stay above its 13 day
MA, but no such luck. Now what? According to the 1932 scenario, we might have a
2-3 months long slump, followed by another bull market. Or the market can go
down big time, cross down its 50 day MA and test the March lows…’ - The latter
is the scenario consonant with reality. - He assumes best case scenario as he
concludes that ‘…means
that either the March low holds or a new low will not be much lower. – Reality
disagrees with that overly rosy scenario based upon his stated overly rosy
assumption! Crimes suspected in 20 bailout cases — for starters AIG eats another $30 billion-ish Housing Bubble Smackdown:
Bigger Crash Ahead U.S. Stocks To Fall at Least 6%: Doug Kass Key Points About the
Coming Hyperinflation Wall St gains as banks lifted by tiny
tim’s b.s NYT losses worsen as ad sales plunge 27%...
Yahoo to cut 5 percent of jobs Wall St gains as banks lifted by tiny
tim’s b.s. AMD posts deeper loss, shares fall (AP) [$$] Connecticut Treasurer Joins Critics
of BofA CEO (at The Wall Street Journal Online) [$$] Citi Investors Vent About Losses
(at The Wall Street Journal Online) Banks still in distress, Geithner tells
overseers…DAAAAAH! How ‘bout insolvent!…(AP) David Tice: S&P 500 To Plunge to
325 Housing Starts
Fall Sharply... Wall Street loses 3,100 jobs in March …
Should lose another 90% OF THEIR CHURN AND EARN JOBS (Reuters) Treasury Stress Test Won't Add Clarity or
Transparency - Just Inconsistency … and lack of meaningful FASB standard (ie.,
mark to market abolition, etc.) means more fraud (at Seeking Alpha) Questions
linger over Tarp funding... MAJOR MALL
OPERATOR FILES FOR BANKRUPTCY... JPMorgan and Goldman trading profits
unlikely to last Reuters The Great Geithner Coverup Obama Maintains His
Perfect Batting Average for Appointing
Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression
Citigroup: The
Beginning and End of the Current Rally (at Seeking Alpha) Why BAC Will
Beat: Understanding a New Bull Market Is Not Underway (at Seeking Alpha) Government's
Handling of Economic Crisis - Einstein Would Call It Insane (at Seeking Alpha) Bank of America net up, shares sink on
bad loans GM cutting 1,600 U.S. salaried positions IBM sales fall more than expected, but
b.s. up Wall Street sinks on banks' woes Wall Street tumbles as investors dump financials (AP) IBM shares slip as 1Q sales fall short
(AP) New embrace of reality about bank health
grip Wall Street Backdoor Path To Bank Nationalization
(at CNBC) Zions Bancorp Swings To 1Q Loss; Moody's
Cuts Ratings Economic Downturn Negatively Affecting
Credit Markets in Varied Industries Celente: “America lives in a
fascist state” Backdoor Nationalization? U.S.
May Convert Banks’ Bailouts to Equity Share Why a 50% Drop in Housing Is Not
the Bottom
PREVIOUS
4-17-09 (4-14,15,16,-09), Suckers’ rally into the close to keep the
suckers’ suckered on bad news and bull s**t alone so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
April 17 (Bloomberg) --
David Tice, the chief portfolio strategist for bear markets at Federated
Investors Inc., said the Standard & Poor’s 500 Index will probably
plunge about 62 percent. He spoke during a Bloomberg Television interview today. The
Federated Prudent Bear Fund that he founded returned 6.7 percent last year as
the S&P 500 plunged 38 percent, the most since 1937. Tice said the
benchmark index for U.S. stocks may slump to about 325. It closed today at
865.30. The measure has surged 28 percent since March 9, the most in five weeks
since the 1930s. SUCKER'S
RALLY APPROACHING AN END by Peter Cooper: Whatever the technical reason for the 25 percent rise in
the S&P over the past five weeks, or a more modest eight percent bounce in
GCC regional stock prices, the absurdness of this sucker’s rally ought to be
obvious to all. Unemployment is still rising, house prices are still falling,
and the fundamentals of bank balance sheets are still deteriorating with total
bad debts unknown except that we know they must be getting worse. Global trade
fell off a cliff in the first quarter of the year. Even Mercedes car sales to
the oil rich of the GCC fell 23 per cent. The collapse of the world’s second
largest economy, Japan, has been unprecedented.
Bad news coming … The stock market pattern in 2008-9
has so far been a mirror image of the crash of 1929-30 with a halving of prices
from the autumn followed by a 25 per cent rally from March lows. In April 1930
stocks moved sideways and then they crashed another 50 per cent into the
summer… New record continuing unemployment claims in excess of 6 million, -11%
for new home sales (unexpected but stocks and even homebuilders rallied),
Bloomberg reports $13 trillion (much unaccounted for) taxpayer/bailout funds
spent/lent/stolen by who knows what/where/how (ie.,replace stolen funds?,
etc.), second largest mall co. to bankruptcy with more to come along with more
commercial real estate foreclosures. ‘…initial claims for the week ending April 11 totaled
610,000, which is down more than expected from the prior week, but continuing
claims climbed more than expected to a new record of 6.02 million. Separately,
housing starts disappointed investors hoping to find signs of a recovery in
home building. Housing starts for March totaled 510,000, which was below the
540,000 starts that were expected and down from the prior month. Meanwhile,
building permits in March totaled 513,000, which is below the 549,000 permits that
were expected, down from February…’
SUCKER'S RALLY APPROACHING AN END by
Peter Cooper: Whatever the technical reason for the
25 percent rise in the S&P over the past five weeks, or a more modest eight
percent bounce in GCC regional stock prices, the absurdness of this sucker’s
rally ought to be obvious to all. Unemployment is still rising, house prices
are still falling, and the fundamentals of bank balance sheets are still
deteriorating with total bad debts unknown except that we know they must be getting
worse. Global trade fell off a cliff in the first quarter of the year. Even
Mercedes car sales to the oil rich of the GCC fell 23 per cent. The collapse of
the world’s second largest economy, Japan, has been unprecedented.
Bad news coming
… The stock market pattern in 2008-9 has so far been a mirror image of the
crash of 1929-30 with a halving of prices from the autumn followed by a 25 per
cent rally from March lows. In April 1930 stocks moved sideways and then they
crashed another 50 per cent into the summer. What possible reason is there for
optimism to believe that history will not repeat itself? Government stimulus
packages have more than likely been too small and too late to prevent another
down leg in stocks, and will take time to revive the real economy, if indeed
they can do so. They might just stop the worst possible scenario but are they
going to prevent the plunge downwards? Governments have not managed it so far.
Consumers and
unemployment
…It will take more than weasel words from US bankers and ‘green shoots’ in the
waffle of President Obama to put things right. Eventually global stock markets
will reach a bottom but they are not close to having visited it just yet. Wall
Street and its friends are playing investors as suckers but they are in danger
of overdoing it. For once these guys are impoverished where will the next bunch
of fools come from? Goldman Sachs' (GS) results this week might well mark the top of the
rally, beyond that the only way is down.
Industrial production down –13%, most since
WW2. The wall street frauds celebrate increase real estate sales…on increased
foreclosures…riiiiight! U.S. foreclosure filings jump as
moratoriums end US foreclosures up 24 percent in 1st
quarter Jim Rogers Says Investors
Should Expect More Bottoms Still not one prosecution as new churn and
earn fraud/bubble begins with taxpayer bailout funds (old reliable foggy/sell
the sizzle tech sector now the wall street frauds’ refuge-remember the dot com
bust, etc.). BULL S**T STORIES FOISTED AS B.S. TALKING POINTS FOR
CONTINUING FRAUD/SPIKE IN STOCK PRICES FOR CHURN AND EARN COMMISSIONING: WELLS FARGO RECEIVED $25 BILLION TAXPAYER
MONEY/BAILOUT FUNDS AND SHOWS (RECORD FOR THEM?) $3 BILLION QUARTERLY PROFIT-
GOLDMAN RECEIVED $10 BILLION PLUS UNDISCLOSED FED/ ULTIMATELY TAXPAYER MONEY
AND REPORTS QUARTERLY $1.8 BILLION PROFIT -
MORGAN CHASE RECEIVED $25 BILLION AND REPORTS QUARTERLY $2+ BILLION PROFIT – CITI RECEIVED $25
BILLION AND REPORTS QUARTERLY $__
BILLION PROFIT - DO THE MATH (FIRST
GRADE ELEMENTARY SCHOOL KIDS COULD DO AS WELL, AND FOR FAR LESS PAY) - AT THAT
RATE, TAXPAYERS WILL SOON HAVE NOTHING LEFT FOR THEM TO TAX! WHAT FRAUDS! The Great Geithner Coverup WHAT
TOTAL BULL S**T! …[The upshot is that the
fraud continues in churn-and-earn fashion with investors, taxpayer, etc.,
getting burned for the sake of wall street greed/fraud. The lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of fraudulent/worthless
securities, etc. - Analyst Andre Egleshion puts the amount at $600+trillion) have been addressed much
less solved; hence, virtually all problems remain and there is but an
infinitesimally small fraction of the capital and resources necessary to solve
them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.].
U.S. Treasury
asking banks keep quiet on stress tests New
unemployment claims at high 654,000 praised as positive number… riiiiight! …as
continuing unemployment claims at record 5.84 million (real numbers even
worse). Economy so bad that consumers can’t buy goods so trade deficit shrank
but this is a structural defect in u.s. economy so not good news and consistent
with bad news of still plunging retail sector. Najarian points out that wall street always a circus, consolidation,
robbing peter to pay paul, take profits; while economist cite Reich that we’re
in depression and government as in land of fruits and nuts out of control. Earnings revised downward for first quarter –36.5%,
more weakness, more unemployment, inflation to come on fast says Hogan, and
insurance companies now que up at corporate welfare/taxpayer bailout lines. In positing
(suckers’) bear market rally and advocating hold cash/sell stocks Hillary
Kramer points to the preposterous on wall street where bad news greated as good
vis-à-vis stocks (they call what wall street does ‘fraud’…in a rational world
where they would already be in jail). Madman Cramer –
the ultimate contrarian indicator - CRAMER'S
CALL: ANOTHER RALLY TOP INDICATOR Greg Feirman Wow, the bulls are really feeling good. “Wells Fargo
Carries The Day” and the S&P and Dow closed at 2 months high
and the Nasdaq is near its highs for the year. On Mad Money this evening, Cramer went so far
as to call “a turn in the economy”, saying “the facts have changed”, “the
situation has clearly improved” and “things are getting better”. This isn’t the
first time Cramer has called a bottom and he’s been wrong before (For example,
see “Cramer Declares The End Of The Bear Market”
, Top Gun FP, July 31, 2008). The market topped out a couple weeks later. On Monday
October 6, Cramer went on the today show and told people to sell
any stock money they might need in the next five years. The market bottomed
that Friday. It could run another couple weeks but this rally is running thin. Methinks
me smells a top….. Rational View Courtesy of ETF.COM:
‘…Due to our expectations of continued weakness in the financial sector, the
looming deterioration of commercial real estate, the credit markets tepid
backing of the equity rally, and the still very shaky and highly volatile
global economy, it's our view at ETFdesk.com the recent run-up in stocks is
unwarranted and presents an overly optimistic view of the months ahead. We
believe investors should consider taking short term profits or use the recent
run to reduce equity exposure they are weary of. We also believe investment
grade debt (NYSEArca: LQD - News) represents an opportunity for investors
seeking beaten down prices without the downside volatility of equities…David Tice: S&P 500 To Plunge to
325 Housing Starts
Fall Sharply... Sony Ericsson posts Q1 loss, plans more
cost cuts Wall Street loses 3,100 jobs in March …
Should lose another 90% OF THEIR CHURN AND EARN JOBS (Reuters) Toshiba expects bigger loss, contract
job cuts Sony Ericsson posts loss, to cut 2,000 jobs Treasury Stress Test Won't Add Clarity or
Transparency - Just Inconsistency … and lack of meaningful FASB standard (ie.,
mark to market abolition, etc.) means more fraud (at Seeking Alpha) Questions
linger over Tarp funding... MAJOR MALL
OPERATOR FILES FOR BANKRUPTCY... JPMorgan and Goldman trading profits
unlikely to last Reuters The Great Geithner Coverup Obama Maintains His
Perfect Batting Average for Appointing
Failed Insiders to Key Economic Posts Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression Fed sees
economy sliding further A Bear in Bull's
Clothing: Why This Rally Will Fall Short Ron
Paul: Reckless Spending And Taxation Prolonged Great Depression Goldman Sachs: Wall St Largest Crooks
Citigroup: The
Beginning and End of the Current Rally (at Seeking Alpha) Why BAC Will
Beat: Understanding a New Bull Market Is Not Underway (at Seeking Alpha) Government's
Handling of Economic Crisis - Einstein Would Call It Insane (at Seeking Alpha) Bank of America net up, shares sink on
bad loans GM cutting 1,600 U.S. salaried positions IBM sales fall more than expected, but
b.s. up Wall Street sinks on banks' woes Wall Street tumbles as investors dump financials (AP) IBM shares slip as 1Q sales fall short
(AP) New embrace of reality about bank health
grip Wall Street Backdoor Path To Bank Nationalization
(at CNBC) Zions Bancorp Swings To 1Q Loss; Moody's
Cuts Ratings Economic Downturn Negatively Affecting
Credit Markets in Varied Industries Celente: “America lives in a
fascist state” Backdoor Nationalization? U.S.
May Convert Banks’ Bailouts to Equity Share Why a 50% Drop in Housing Is Not the
Bottom
PREVIOUS
(4-14-09), Suckers’ rally into the close to keep the suckers’
suckered on bad news and bull s**t alone so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME! Retail sales down –1.1%. ‘…The downward push came as financial stocks
fell out of favor and disappointing retail sales data led some to second guess
the prospects of retailers. Financial stocks weighed on the broader market for
the entire session and finished with a 7.7% loss. The sector's weakness was
widespread, but investment banks and brokerages (-10.7%) suffered some of the
steepest declines after Goldman Sachs (GS 115.92, -14.23) announced a $5
billion common equity offering that was discounted from the prior session's closing
price. The offering will also prove dilutive to existing shareholders…’ Jim Rogers Says Investors
Should Expect More Bottoms BULL S**T STORIES FOISTED AS B.S.
TALKING POINT FOR CONTINUING FRAUD/SPIKE IN STOCK PRICES FOR CHURN AND EARN
COMMISSIONING: WELLS FARGO RECEIVES $25 BILLION TAXPAYER MONEY/BAILOUT FUNDS AND
SHOWS (RECORD FOR THEM?) $3 BILLION QUARTERLY PROFIT- GOLDMAN RECEIVED $10
BILLION PLUS UNDISCLOSED FED/ ULTIMATELY TAXPAYER MONEY AND REPORTS
QUARTERLY $1.8 BILLION PROFIT - DO THE MATH (FIRST GRADE ELEMENTARY SCHOOL
KIDS COULD DO AS WELL, AND FOR FAR LESS PAY) - AT THAT RATE, TAXPAYERS WILL
SOON HAVE NOTHING LEFT FOR THEM TO TAX! WHAT FRAUDS! The Great Geithner Coverup WHAT TOTAL BULL S**T! U.S. Treasury
asking banks keep quiet on stress tests New unemployment claims at high 654,000 praised as
positive number…riiiiight!…as continuing unemployment claims at record 5.84
million (real numbers even worse). Economy so bad that consumers can’t buy
goods so trade deficit shrank but this is a structural defect in u.s. economy
so not good news and consistent with bad news of still plunging retail sector. Najarian points
out that wall street always a circus, consolidation, robbing peter to pay paul,
take profits; while economist cite Reich that we’re in depression and
government as in land of fruits and nuts out of control. Earnings revised
downward for first quarter –36.5%, more weakness, more unemployment, inflation
to come on fast says Hogan, and insurance companies now que up at corporate
welfare/taxpayer bailout lines. In positing (suckers’) bear market
rally and advocating hold cash/sell stocks Hillary Kramer points to the
preposterous on wall street where bad news greated as good vis-à-vis stocks
(they call what wall street does ‘fraud’…in a rational world where they would
already be in jail). Madman Cramer – the ultimate contrarian
indicator - CRAMER'S CALL: ANOTHER RALLY TOP
INDICATOR Greg Feirman Wow, the bulls
are really feeling good. “Wells Fargo Carries The Day” and the
S&P and Dow closed at 2 months high and the Nasdaq is near its highs for
the year. On Mad Money this evening, Cramer went so far
as to call “a turn in the economy”, saying “the facts have changed”, “the
situation has clearly improved” and “things are getting better”. This isn’t the
first time Cramer has called a bottom and he’s been wrong before (For example,
see “Cramer Declares The End Of The Bear Market”
, Top Gun FP, July 31, 2008). The market topped out a couple weeks later. On Monday
October 6, Cramer went on the today show and told people to sell
any stock money they might need in the next five years. The market bottomed
that Friday. It could run another couple weeks but this rally is running thin. Methinks
me smells a top….. Rational View
Courtesy of ETF.COM: ‘…Due to our expectations of continued weakness in the financial
sector, the looming deterioration of commercial real estate, the credit markets
tepid backing of the equity rally, and the still very shaky and highly volatile
global economy, it's our view at ETFdesk.com the recent run-up in stocks is
unwarranted and presents an overly optimistic view of the months ahead. We
believe investors should consider taking short term profits or use the recent
run to reduce equity exposure they are weary of. We also believe investment
grade debt (NYSEArca: LQD - News) represents an opportunity for investors
seeking beaten down prices without the downside volatility of equities…’ The Great Geithner Coverup Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression Fed sees
economy sliding further
A Bear in Bull's
Clothing: Why This Rally Will Fall Short Goldman Sachs
Q1: Pay Up, People Down Dealbreaker
Afterdark: Fannie Mae CEO To Head Bailout Nation UBS cuts 8,700 more jobs Let's Keep Big
Banks from Ruining America Forever (at Seeking Alpha) China's ICBC now
world's largest bank by deposits (at MarketWatch) UBS faces $1.8
billion loss, will cut almost 9,000 more jobs World Economy Falling Faster
Than in 1929-1930 The Geithner-Summers Plan is
Even Worse Than Thought Author who predicted crisis
sees hyperinflation ahead
PREVIOUS
(4-13-09), ’ Jim Rogers Says Investors
Should Expect More Bottoms BULL S**T STORIES FOISTED AS B.S.
TALKING POINT FOR CONTINUING FRAUD/SPIKE IN STOCK PRICES FOR CHURN AND EARN
COMMISSIONING: WELLS FARGO RECEIVES $25 BILLION TAXPAYER MONEY/BAILOUT FUNDS AND
SHOWS (RECORD FOR THEM?) $3 BILLION QUARTERLY PROFIT- GOLDMAN RECEIVED $10
BILLION PLUS UNDISCLOSED FED/ ULTIMATELY TAXPAYER MONEY AND REPORTS
QUARTERLY $1.8 BILLION PROFIT - DO THE MATH (FIRST GRADE ELEMENTARY SCHOOL
KIDS COULD DO AS WELL, AND FOR FAR LESS PAY) - AT THAT RATE, TAXPAYERS WILL
SOON HAVE NOTHING LEFT FOR THEM TO TAX! WHAT FRAUDS! The Great Geithner Coverup WHAT TOTAL BULL S**T! U.S. Treasury
asking banks keep quiet on stress tests New unemployment claims at high 654,000 praised as
positive number…riiiiight!…as continuing unemployment claims at record 5.84
million (real numbers even worse). Economy so bad that consumers can’t buy
goods so trade deficit shrank but this is a structural defect in u.s. economy
so not good news and consistent with bad news of still plunging retail sector. Najarian points
out that wall street always a circus, consolidation, robbing peter to pay paul,
take profits; while economist cite Reich that we’re in depression and
government as in land of fruits and nuts out of control. Earnings revised
downward for first quarter –36.5%, more weakness, more unemployment, inflation
to come on fast says Hogan, and insurance companies now que up at corporate
welfare/taxpayer bailout lines. In positing (suckers’) bear market
rally and advocating hold cash/sell stocks Hillary Kramer points to the
preposterous on wall street where bad news greated as good vis-à-vis stocks
(they call what wall street does ‘fraud’…in a rational world where they would
already be in jail). Madman Cramer – the ultimate contrarian
indicator - CRAMER'S CALL: ANOTHER RALLY TOP
INDICATOR Greg Feirman Wow, the bulls
are really feeling good. “Wells Fargo Carries The Day” and the
S&P and Dow closed at 2 months high and the Nasdaq is near its highs for
the year. On Mad Money this evening, Cramer went so far
as to call “a turn in the economy”, saying “the facts have changed”, “the
situation has clearly improved” and “things are getting better”. This isn’t the
first time Cramer has called a bottom and he’s been wrong before (For example,
see “Cramer Declares The End Of The Bear Market”
, Top Gun FP, July 31, 2008). The market topped out a couple weeks later. On Monday
October 6, Cramer went on the today show and told people to sell
any stock money they might need in the next five years. The market bottomed
that Friday. It could run another couple weeks but this rally is running thin. Methinks
me smells a top….. Rational View
Courtesy of ETF.COM: ‘…Due to our expectations of continued weakness in the financial
sector, the looming deterioration of commercial real estate, the credit markets
tepid backing of the equity rally, and the still very shaky and highly volatile
global economy, it's our view at ETFdesk.com the recent run-up in stocks is
unwarranted and presents an overly optimistic view of the months ahead. We
believe investors should consider taking short term profits or use the recent
run to reduce equity exposure they are weary of. We also believe investment
grade debt (NYSEArca: LQD - News) represents an opportunity for investors
seeking beaten down prices without the downside volatility of equities…’ The Great Geithner Coverup China Slows Purchases of U.S. and
Other Bonds Goldman Sachs hires law firm
to shut blogger’s site for pointing to truth about the fraud firm e Singapore economy shrinks sharply more
than expected WELLS FARGO 'May
Need $50 Billion to Pay Feds, Cover Loan Losses'... Reporters threatened with arrest for filming private Federal
Reserve building SURGE IN DELINQUENT TAXPAYERS; WASHINGTON VOWS SYMPATHY Warren Buffett's
electric car venture; CEO drinks 'battery fluid'... Goldman Sachs
mulls dilutive worthless stock sale to repay TARP money with other TARP money:
now you know where the fed trillions in part are going: report GOLDMAN SACHS
announces $5B public stock offering, reports $1.8B quarterly profit... Bailed-Out Banks Face Probe
over Fees: Report You Know Things Are Bad When Even
Newsweek Is Slamming the Obama Administration for Caving in to the Financial
Status Quo Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression Fed sees
economy sliding further
A Bear in Bull's
Clothing: Why This Rally Will Fall Short World Economy Falling Faster
Than in 1929-1930 The Geithner-Summers Plan is
Even Worse Than Thought Author who predicted crisis
sees hyperinflation ahead
PREVIOUS (4-9-09), suckers’ bear market
rally into the close on bad news and bull s**t alone so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME! LATE-BREAKING BULL S**T STORY FOISTED AS B.S. TALKING POINT FOR
CONTINUING FRAUD/SPIKE IN STOCK PRICES FOR COMMISSIONING: WELLS FARGO
RECEIVES $25 BILLION TAXPAYER MONEY/BAILOUT FUNDS AND SHOWS (RECORD FOR THEM?)
$3 BILLION QUARTERLY PROFIT - DO THE MATH (FIRST GRADE ELEMENTARY SCHOOL KIDS
COULD DO AS WELL, AND FOR FAR LESS PAY) - AT THAT RATE, TAXPAYERS WILL SOON
HAVE NOTHING LEFT FOR THEM TO TAX! WHAT FRAUDS! WHAT TOTAL BULL S**T! U.S. Treasury
asking banks keep quiet on stress tests New unemployment claims at high 654,000 praised as
positive number…riiiiight!…as continuing unemployment claims at record 5.84
million (real numbers even worse). Economy so bad that consumers can’t buy
goods so trade deficit shrank but this is a structural defect in u.s. economy
so not good news and consistent with bad news of still plunging retail sector. Najarian points
out that wall street always a circus, consolidation, robbing peter to pay paul,
take profits; while economist cite Reich that we’re in depression and
government as in land of fruits and nuts out of control. Earnings revised
downward for first quarter –36.5%, more weakness, more unemployment, inflation
to come on fast says Hogan, and insurance companies now que up at corporate
welfare/taxpayer bailout lines. In positing (suckers’) bear market
rally and advocating hold cash/sell stocks Hillary Kramer points to the
preposterous on wall street where bad news greated as good vis-à-vis stocks
(they call what wall street does ‘fraud’…in a rational world where they would
already be in jail). Rational View Courtesy of ETF.COM: ‘…Due to our expectations of continued
weakness in the financial sector, the looming deterioration of commercial real
estate, the credit markets tepid backing of the equity rally, and the still
very shaky and highly volatile global economy, it's our view at ETFdesk.com the
recent run-up in stocks is unwarranted and presents an overly optimistic view
of the months ahead. We believe investors should consider taking short term
profits or use the recent run to reduce equity exposure they are weary of. We
also believe investment grade debt (NYSEArca: LQD
- News) represents an opportunity for investors
seeking beaten down prices without the downside volatility of equities…’ Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression Fed sees
economy sliding further
A Bear in Bull's
Clothing: Why This Rally Will Fall Short World Economy Falling Faster
Than in 1929-1930 The Geithner-Summers Plan is
Even Worse Than Thought Market bear Roubini sticks to dour forecasts U.S. Treasury
asking banks keep quiet on stress tests Boeing warns on
Q1 profit, to cut plane output Wall Street sets 5th weekly
gain on banks, Boeing off late
U.S. Squeezes
Auto Creditors (at The Wall Street Journal Online) Nikkei comes
off 9,000, as banks hit by SMFG news Obama seeks
$83.4 billion more in 2009 war funds Bank of Japan likely to cut
economic outlook in next report
Author who predicted crisis
sees hyperinflation ahead
PREVIOUS (4-8-09), suckers’ bear market
rally into the close on worse than expected bad news and bull s**t alone so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME! LATE-BREAKING BULL S**T STORY FOR B.S. TALKING POINT FOR CONTINUING
FRAUD/SPIKE IN STOCK PRICES FOR COMMISSIONING: WELLS FARGO
RECEIVES $25 BILLION TAXPAYER MONEY/BAILOUT FUNDS AND SHOWS (RECORD FOR THEM?)
$3 BILLION QUARTERLY PROFIT - DO THE MATH (FIRST GRADE ELEMENTARY SCHOOL KIDS
COULD DO AS WELL, AND FOR FAR LESS PAY) - AT THAT RATE, TAXPAYERS WILL SOON
HAVE NOTHING LEFT TO TAX! WHAT FRAUDS! WHAT TOTAL BULL
S**T! Earnings revised downward for
first quarter –36.5%, more weakness, more unemployment, inflation to come on
fast says Hogan, and insurance companies now que up at corporate
welfare/taxpayer bailout lines. In positing (suckers’) bear market
rally and advocating hold cash/sell stocks Hillary Kramer points to the
preposterous on wall street where bad news greated as good vis-à-vis stocks
(they call what wall street does ‘fraud’…in a rational world where they would
already be in jail). Rational View Courtesy of ETF.COM: ‘…Due to our expectations of continued
weakness in the financial sector, the looming deterioration of commercial real
estate, the credit markets tepid backing of the equity rally, and the still
very shaky and highly volatile global economy, it's our view at ETFdesk.com the
recent run-up in stocks is unwarranted and presents an overly optimistic view
of the months ahead. We believe investors should consider taking short term
profits or use the recent run to reduce equity exposure they are weary of. We
also believe investment grade debt (NYSEArca: LQD
- News) represents an opportunity for investors
seeking beaten down prices without the downside volatility of equities…’ Secretary of Labor Reich:
Unemployment Numbers Show We’re Already In a Depression Fed sees
economy sliding further
A Bear in Bull's
Clothing: Why This Rally Will Fall Short World Economy Falling Faster
Than in 1929-1930 [$$] Little
Optimism From FOMC Fed sees no
economic recovery until next year and then next year and year after that and
next year Moody's strips Berkshire Hathaway of top rating Danger lurks
behind banks' results
Reality of
worsening depression drove Fed action [$$] Morgan
Stanley to Post a Loss From Volatile, Complex Bonds (at The Wall Street Journal
Online) Bank Earnings Will Be Hit
by Consumer Woes (at TheStreet.com) Financial Crisis ‘Far From Over,’
Panel Says A Bear in Bull's Clothing:
Why This Rally Will Fall Short The Geithner-Summers Plan is
Even Worse Than Thought SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE
YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
PREVIOUS
(4-6-09), suckers’ bear market rally into
the close to finish off lows on bad news and bull s**t alone (ie., real bad
numbers though favorably fudged greeted with reiteration ‘better than
expected’, etc…riiiiight!), so still great opportunity to SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME! Respected banking analyst Mayo
brought the lunatic frauds on wall street back to earth predicting bank loan
losses will exceed those of the Great Depression. Mayo Says Loan
Losses Will Exceed Depression Levels... ‘Despite the absence of positive catalysts
in afternoon trading, stocks were able to pare their losses. The stock market
had been down as much as 2.3%, but was able to more than cut that loss in half. Financial
Stocks Have Run Up Too Hard, Too Fast (at Seeking Alpha) Slow down:
We're Not at the Bottom Yet U.S. deficit nearly $1
trillion in first half of FY2009 Americans Feel 15.6%
Unemployment as Unemployment Surges SOROS SEES END OF
DOLLAR AS WORLD CURRENCY...
GM Speeds Up Bankruptcy
Preparations... Bernanke ‘Green Shoots’ Signals
False Spring Amid Job Losses Bush and Obama Administrations
Both Broke Law By Refusing to Close Insolvent Banks Murdoch: Long-Term Economic
Situation ‘Dangerous’; Recovery 2-3 Years Away Massive Checkpoint Operation in
Tennessee Violated Posse Comitatus, Fourth Amendment Hundreds of Thousands of
Unemployed Run Out of Benefits Larry Summers, Tiny Tim
Geithner and Wall Street’s ownership of government ‘ Mayo Says Loan
Losses Will Exceed Depression Levels... Obama Economic Advisors Linked to Bankers
PREVIOUS
(4-3-09), suckers’ bear market rally
continues on bad news and bull s**t alone (ie., real bad numbers though
favorably fudged greeted with reiteration ‘better than expected’,
etc…riiiiight!), so still great opportunity to SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME! 5.1 million jobs lost, -663,000
in past month, unemployment rate jumps to 8.5% and 15% for underemployed/part
time (I’m sure these data understate the far worse reality according to some
who say 15% and 20+% respectively), credit card problems/defaults to worsen
according to analyst, even service sector down, and providing insult to
injury/damage Goldman, et als using taxpayer funds for toxic assets (the real
boondoggle is the complicit multi-trillion dollar fraud concerning taxpayer
funds to bailout/coverup massive securities law violations/crimes for which
prosecution/disgorgement of gains should have already begun). Outrageous and
preposterous! U.S. jobless rate hits 25-year high Lawmaker sees Fannie, Freddie bonus
"insult" NYC protesters ask US to 'bail out the
people' (AP) Soros: Global Depression Ahead
Buchanan: We Should Kill the
Fed One in 10 Americans gets help
to buy food Ex-AIG chief: Bailout will not
succeed Unemployment in U.S. Climbed in March to 25-Year High G-20 Shapes New World Order With
Wisely Lesser Role for u.s., u.s. Markets -663,000:
Unemployment Rate Reaches 25-Year High of 8.5%... 1 in every 10 Americans
receive food stamps...
Buchanan: We Should Kill the Fed Patrick J. Buchanan | Hoover did
what Obama is doing.
Watchdogs:
Treasury won't disclose bank bailout details.(I think it’s obvious they’re
covering up the substantial securities fraud, using taxpayer money to do so, as
yet there’s not even one prosecution which makes the government complicit,
after the fact, in consummating the fraud) ...
PREVIOUS
(4-2-09), suckers’ bear market rally based
upon decisively bad news (26 Year High as New US jobless claims hit
669,000 in week , except for fake government reports by corrupt scandal-scarred commerce
department on manufacturing/index up 1.8% though almost all private forecasts
saw decline, etc.), in addition to funny money the frauds on wall street
applauded the funny assets courtesy of f.a.s.b. (there are no accounting
standards in the u.s.), which makes for wall street style securities fraud as
now and in the past (fed also pumped in another $23 billion in last 3 days to
fuel same, despite earnings going down and stock prices soaring with
stratospherically high p/e ratios). Analyst/fund manager Najarian ‘taking a lot
off the table’ (selling), while Analyst/fund manager Farr/Miller who called
this bear market rally see’s test of the lows, so if you don’t celebrate All
Fools’ Day (you’re not a fool) you’ll continue to SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME! New US jobless claims hit 669,000 in week WASHPOST: Before Crisis, Geithner Fell Short; He regulated
banks... Outstanding Credit Default Swaps
Down to “Only” About Twice America’s GDP Layoffs rise
despite hope recession is easing (AP) G-20 to give $1 trillion to IMF, World Bank UN chief says crisis could
result in failed states Tax dodgers multiply as
underground economy cushions job cuts The Wall Street
Journal Criticizes Capitol Hill Bonuses (and don’t forget the raises) (at
Seeking Alpha) Inflationary
Depression Dr.
Marc Faber runs his own business, Marc Faber Limited, which acts as an
investment advisor and fund manager. He publishes a widely read monthly
investment newsletters The Gloom Boom & Doom report which highlights
unusual investment opportunities, and is the author of several books including
Tomorrow’s Gold – Asia’s Age of Discovery which was first published in 2002 and
highlights future investment opportunities around the world.
PREVIOUS
(4-1-09), suckers’ bear market rally into
the close with 250 point swing to the upside based on decisively bad news and
bull s**t alone, viz., better than dismal expectations…I don’t think so! …That
dog don’t hunt no more…remember the last market burn and that similar refrain
among others, and the ever indecipherable to most, that infamous tech sector
will save us (bust)…riiiiight! Oh wait,
I get it. April Fools Day, as in ‘fool you once, shame on them, fool you twice,
thrice, etc., …shame on you’. How ‘bout all fools day. U.S. private sector axes
742,000 jobs in March March auto sales
plunge... U.S. seen facing danger of 2nd recession next
year or stated another more realistic way, the depression though flush with
ever more worthless weimar dollars providing ephemeral b.s. talking points of
happy days are here again will be exacerbated thereby and continue with a
vengeance r So, SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
AIG crisis could be the tip of an
insurance iceberg U.S. Spending 100% of GDP on
Bailouts and Related Programs Watchdogs:
Treasury won't disclose bank bailout details.(I think it’s obvious they’re
covering up the substantial securities fraud, using taxpayer money to do so, as
yet there’s not even one prosecution which makes the government complicit,
after the fact, in consummating the fraud) ... U.S. private sector axes 742,000
jobs in March March auto
sales plunge... U.S. seen facing danger of 2nd recession next
year or stated another more realistic way, the depression though flush with
ever more worthless weimar dollars providing ephemeral b.s. talking points of
happy days are here again will be exacerbated thereby and continue with a
vengeance r Financial Rescue Nears GDP as Pledges Top $12.8 Trillion U.S. auto sales plunge, but bottom not yet
near "Hurt, Frightened and Very Angry:"
Risk of Social Unrest Rising, Says FT's Martin Wolf [$$] Accounting Rules
Should Avoid Impairment (at The Wall Street Journal Online) Nightmare on Wall Street Destination Collapse Foreclosure Crisis Hits Warp
Speed: 6 Million Families Face Losing Their Homes in the Next Three Years
PREVIOUS
(3-31-09), suckers’ bear market
rally continues to keep suckers suckered and commission dollars flowing by
window-dressing this past month (and quarter) with gains based on bad news and
hence bull s**t alone so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Global Meltdown, Part III $$] It's Only Window-Dressing Why This Is Just Another Bear Market
Rally All news
decisively negative with prospectively negative implications as the
jawboners/frauds talk up that ever elusive bottom for stocks/real estate
despite reality indicating otherwise [have you noticed the wide divergence of
private reports (though somewhat skewed to the upside because of flawed/fake
data they must rely upon from the government) as opposed to false government
reports]. Confidence near historically record lows and Case/Shiller index
showing declining real estate values (-19.4%)
Home Prices in 20 U.S. Cities
Fell by a Record 19% with declines at highest rate on record Global
Meltdown, Part III $$] It's Only
Window-Dressing Why This Is
Just Another Bear Market Rally An Autopsy of the
Glass-Steagall Act U.S. Spending 100% of GDP on
Bailouts and Related Programs TARP Watchdog: “We Do Not Seem To Be A Priority For The
Treasury Department” NEWS BROKE:
SUN-TIMES Files For Bankruptcy, Both Major Chicago Dailies Now In Chapter 11... Ontario, CA, Tent City Residents
Required to Wear Wristbands Government website now offers
’suicide warning signs’ for victims of recession .
PREVIOUS
(3-30-09), Art Hogan recently
summed up choosing stocks in this environment thusly: ‘pick the best-looking
horse at the glue factory’…..I think he was as a courtesy to his industry
overly generous. The administration pitches hardballs to the auto industry
while continuing to pitch powder puffs to the wall street frauds who have
perpetrated the largest (securities) fraud in recorded history, turning a
cyclical downturn into what is now unavoidably depression, putting beleagered
taxpayers in the unfathomable position of funders/guarantors of the scam/fraud
in bailing out the perpetrators of the crimes (bush’s infamous base) who have
financially benefited enormously (fees, commissions, spreads, points, salaries,
expenses, bonuses, etc.) from their fraud/crimes. Still not even one prosecution from this administration even though
disgorgement, the legal remedy among other criminal penalties, would aid the
defacto bankrupt u.s. treasury! Obama's tough auto stance may include
bankruptcy Wall Street hits the brakes on autos,
bank woes Workers say Obama treated autos worse
than Wall St (AP) UBS shares fall as writedowns, job cuts
expected (AP) Obama puts GM, Chrysler on short leash Stocks fall as
automaker plans are rejected Russia backs return to Gold Standard to solve financial crisis Looting by U.S. Government at All-Time Highs White House to let Chrysler fail US Banks Operate Without Reserve Requirements GM, Peugeot
CEOs forced out as auto woes deepen Geithner won't
say if more bailout money needed AIG delays funds
to some real-estate ventures: report Asian stocks tumble on
auto, bank concerns (AP) UBS shares
fall as more writedowns, job cuts seen (Reuters) GM, Chrysler
have no 'viable' plans: US task force Pension insurer shifted
to stocks to froth the fraudulent market Boston Globe | Just months
before the start of last year’s stock market collapse, the federal agency that
insures the retirement funds of 44 million Americans departed from its
conservative investment strategy and decided to put much of its $64 billion
insurance fund into stocks to froth the frudulent market at behest of frauds on
wall street.
PREVIOUS
(3-27-09), very modest losses relative to
reality so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE
MUCH, MUCH WORSE TO COME! Sugar coated though still bad numbers, usual suspects/concerns
cited, ie., bankruptcies on rise, omni 22nd bank to fail this year, printing
hyperinflationary funny money like mad, etc. (don’t forget, as now, in 2008
they predicted improvement in second half and no recession though we now know we
were already in recession and now depression). Nobel Laureate Dr. Joseph
Stiglitz Says “The Geithner Plan Amounts To Robbery Of The American People”
Ninth Georgia bank collapses (at
Atlanta Journal Constitution - 22nd this year) Economy shrinks most in 25 years; Unemployment continues
climb Roubini
Says Stocks Will Drop, Government Will Nationalize More Banks... Ron Paul Predicts 15-year
Depression The Credit
Bust Is Not Almost Over (at Seeking Alpha)
Top bank
regulator placed on leave pending review (AP)
PAPER: Rahm Emanuel's Short FREDDIE MAC stay made him $320,000+...
On PPIP and
Geithner's Latest Power Grab (Linkfest) (at Seeking Alpha) Will SDRs Become World’s Reserve Currency? UN
PANEL TOUTS NEW GLOBAL CURRENCY... Rep. to Geithner: Your Plan Is 'Radical'... The Bubble That Must Burst
PREVIOUS
(3-26-09), all news decisively bad, viz.,
continuing unemployment claims at new record high 5.56 million, new
unemployment claims at very bad 653,000, economic contraction a worse than
previously reported –6.3%, corporate profits down and at worst levels in
decades, J.D. Power and Associates reports auto sales decline of a whopping
–40%, Economy shrinks most in 25 years; Unemployment continues
climb Roubini
Says Stocks Will Drop, Government Will Nationalize More Banks... Ron Paul Predicts 15-year
Depression , yet suckers’ bear market rally to keep those suckers suckered so
take this folly as a great opportunity to SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! The Credit
Bust Is Not Almost Over (at Seeking Alpha)
Top bank
regulator placed on leave pending review (AP)
PAPER: Rahm Emanuel's Short FREDDIE MAC stay made him $320,000+...
On PPIP and
Geithner's Latest Power Grab (Linkfest) (at Seeking Alpha) Will SDRs Become World’s Reserve Currency? UN
PANEL TOUTS NEW GLOBAL CURRENCY... Rep. to Geithner: Your Plan Is 'Radical'... The Bubble That Must Burst
PREVIOUS
(3-25-09), The corrupt, scandal-scarred
commerce department notorious for institutionalized lying comes out with
numbers three times/300% better than
private forecasts for now into the third week in a row for such very
forecastable data as used home sales, new home sales, and durable goods (mostly
government/military with funny at that) in an attempt to froth that font of
fraud called the american stock market/wall street which is how this
financial/economic crisis came to be, with the parasitic churn-and-earn
commisioning on the way up (and then down) based on bull s**t alone. Still not
one prosecution of that huge collateralized securities fraud for which
disgorgement would constitute substantial contribution to treasury as opposed
to the just announced diversion to small potatoes (like madoff, which should be
pursued but not a priority to the multi-trillion dollar collateralized
securities fraud, etc.), viz., the sub-prime mortgage origination fraud
(encouraged by actions of fed and government), etc.. With 80% debt-to-GDP ratio,
the u.s. is now the leader of banana republic nations. Nobel Laureate Dr. Joseph
Stiglitz Says “The Geithner Plan Amounts To Robbery Of The American People”
IBM to cut 5,000 jobs in U.S. Wall St. rallies late as data offsets
bond sale gloom
[$$] Government-Debt Auctions Disappoint
as Demand Subsides (at The Wall Street Journal Online) Asian Shares Mostly Lower, Mkts
Overcooked; Nikkei Down 0.7% CDS ‘Godfather’ Says Blow ‘Em All Up’ Obama Denounces Global
Currency While Creating The Very Means For Its Introduction Code Pink and Barney’s
Bailout Circus One Small Problem With
Geithner’s Plan: It Will Bankrupt The Banks White House to Hunt for New Tax
Revenues Bank Of England warns Gordon
Brown to stop the spending U.K. Bond Auction Fails for
First Time Since 2002 Obama’s Economic Plan a
“Road to Hell” Associated Press | The
president of the European Union on Wednesday slammed U.S. plans to spend its
way out of recession as “a road to hell.”
PREVIOUS (3-24-09): Modest losses relative to an increasingly grim reality so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
ETF Death Watch: Why Are
Funds Closing? The financial crisis isn’t just
shrinking portfolios and profits. It’s also putting exchange-traded funds and notes out
of business. According to State Street, 58 exchange-traded products closed last
year and another 30 or so from companies like SPA, Credit Suisse and Northern Trust have stopped
trading the last three months. With more on the way, the liquidation process is
shaping up to be a prominent trend for investors to watch in 2009.
Geithner Plan Will Rob US Taxpayers: Stiglitz The U.S.
government plan to rid banks of toxic assets will rob American taxpayers by
exposing them to too much risk and is unlikely to work as long as the economy
remains weak, Nobel Prize-winning economist Joseph Stiglitz said on Tuesday.
Geithner Grilled on Goldman Sachs Connections David
Edwards | Geithner told Waters that Goldman Sachs could help manage
the new program to help banks remove toxic assets from their books. Haven’t goldman and goldman
people done enough damage? Their
abilities and competence are vastly overrated and overstated. Be Gentle with the Bankers? No, Indict Them for Fraud/High
Treason
U.S. woos
investors to buy toxic assets Falling Japan
land prices stir deflation worries China Telecom's annual
profit plunges 96% on write-down Japan
automakers' sales tumble in February China Urges New Money Reserve to
Replace Dollar The Fed Did Indeed Cause the
Housing Bubble China Voices Support For New
Global Currency To Replace Dollar
US unveils public-private plan for toxic assets
Donating for dollars? Many bailed-out banks still
contributing to campaign funds The federal
bank bailouts may be giving new meaning to the term “kickback.” JPMorgan Chase To Spend Millions on New Jets and Luxury
Airport Hangar YouTube Caught Censoring Obama Deception Video The Fed Did Indeed Cause the Housing Bubble
What the Pros Say: US Is Now
‘Bankrupt’ US Federal Reserve announces massive increase in
government debt U.S. Budget Office offers darker economic and deficit
outlook [$$] Market Overbought and Overbelieved Auditors project deeper deficits for
Obama budget Rothschild: Economic crisis
will leave governments with “enormous public debt” The Fed Did It, and
Greenspan Should Admit It
Launching Lifeboats Before the Ship Sinks Paul
Craig Roberts | If the US government is forced to print money
to cover the high costs of its wars and bailouts, things could fall apart very
quickly.
US Federal Reserve announces massive increase in government
debt Barry Grey | The essence
of all of the measures taken in response to the crisis is an effort to rescue
the system and protect the wealth and power of the financial elite at the
expense of the broad masses of the population.
Tax
Time Covert Ops Catherine Austin Fitts | Hate. Divide
and conquer. It’s a business. The media is pushing it. The people directing it
are the same people who brought you the AIG bonuses.
PREVIOUS (3-23-09): So preposterous was today’s Pavlov dogs rally [conditioning to associate
what’s good for fraudulent wall street, viz., privatizing profits – still not
one prosecution for what now is the largest fraud/scam/swindle in the history
of this planet – and socializing the losses, is somehow positive for america/the
economy by the magnitude of this suckers’ bear market rally and prior market
manipulations] when the same created the instant crisis in the first instance
(don’t worry about the frauds on wall street, they’ll get their commissions
again on the way down as they did in creating this financial debacle/fraud as
they clamor for more taxpayer/treasury money).
They’re still printing/creating those worthless Weimar dollars like mad,
China Urges New Money Reserve to Replace Dollar ,don’t know what they’re doing, are clueless, and disingenuously seek to
divert attention from the missing/stolen/bilked $14 trillion of taxpayer money
with the subterfuge of outrage over the relatively miniscule though not
unimportant million dollar bonuses (AIG, etc.), so-called fixes/plans, etc., so
SELL/SELL
INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE
TO COME! What the Pros Say: US Is Now ‘Bankrupt’ US is Already Bankrupt:
Analyst U.S. Budget Office offers darker economic and deficit
outlook The
Geithner-Summers-Bernanke Plan to Prop Up Asset Prices Has Failed U.N. panel says world should
ditch dollar
Fierman: How quickly things change…..
Some stats from today’s rally:
S&P: +54 (7.1%) to 823
Dow: +497 (+6.8%) to 7776
NYSE Up Volume: 1,866,836,012
NYSE Down Volume: 44,683,760
NYSE Total Volume: 1,914,836,622
It was just 2 weeks ago (March 9th) that the S&P closed at 12-year lows and
the stock market felt like it was forecasting the end of the world. We’ve now
rallied 22% in 2 weeks! But if we look at the catalysts for this rally, they
really don’t seem to justify such an explosive move. Citi said they were profitable in
the first two months of the year and JP Morgan (JPM)
and Bank of America (BAC)
said they were too. The Fed initiated some serious
quantitative easing. And now Geithner’s toxic asset plan this
morning. I agree with the Capital Spectator when he wrote this morning:
We’re skeptical largely because the rally this month has drawn
power primarily from a new round of hope that Washington’s various experiments
to right the economy will finally hit pay dirt. Perhaps, but it’s not the stuff
that powers sustainable rallies, much less secular bull markets.
I’M A SELLER OF THIS RALLY AT THIS POINT…..
PREVIOUS (3-20-09), Modest losses relative
to reality and their printing those worthless Weimar dollars like mad, don’t
know what they’re doing, are clueless, and disingenuously seek to divert
attention from the missing/stolen/bilked $14 trillion of taxpayer money with
the subterfuge of outrage over the relatively miniscule though not unimportant
million dollar bonuses (AIG, etc.) so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! What the Pros Say: US Is Now ‘Bankrupt’ US is Already Bankrupt:
Analyst U.S. Budget Office offers darker economic and deficit
outlook The
Geithner-Summers-Bernanke Plan to Prop Up Asset Prices Has Failed U.N. panel says world should
ditch dollar
PREVIOUS
(3-19-09), ‘…Economic news remains uninspiring. Weekly
initial claims dipped 12,000 to 646,000, which was better than the consensus
estimate of 655,000. Continuing claims hit another record high, though, jumping
to 5.47 million from 5.29 million. Leading indicators for February showed a
0.4% decline, which wasn't as bad as the 0.6% decline that was expected… Energy
stocks (+1.4%) and materials stocks (+1.4%) were helped by stronger commodity
prices. The CRB Commodity Index climbed more than 5% in this year's largest
single-session advance by percent. Crude oil futures prices gained 6.5% to close
pit trading at $51.25 per barrel, while gold prices advanced 7.8% to close at
$958.50 per ounce. Underpinning the strength in commodity prices was a
considerably weaker U.S. dollar. According to the Dollar Index, the greenback
sank 1.7% this session, and more than 4% during the last two sessions. The
dollar's weakness follows the Fed's latest policy directive…’
US is Already Bankrupt:
Analyst The Geithner-Summers-Bernanke
Plan to Prop Up Asset Prices Has Failed U.N. panel says world should
ditch dollar Corporate Media Disses Gold Citigroup May Spend $10
Million for Executive Suite It’s Not Just AIG: Fannie
Plans Exec Bonuses Gold Re-Couples with Euro,
“Dollar Getting Destroyed” House passes tax to recoup most of AIG
bonuses ($200 million); what about the $14 trillion in fraudulent bailouts and
the missing $4 trillion at the New York fed… s Bank of America involved in Merrill Q4
writedowns: report Put/Call Ratio Indicates Overbought
Market Condition SUPER PUMP: $1 TRILLION
CREATED OUT OF THIN AIR... Oil Nears $52;
Hits high for 2009...
PREVIOUS (3-18-09), absolute desperation by the fed as fed in panic mode buys bonds with even
more fake money (ultimately you pay). Shot in the dark, they unequivocally do
not know what they’re doing; don’t have even the slightest clue. Some well
deserved guilt as greenspan, bernanke, paulson, geithner, etc., are authors of
this debacle with compliant politics as usual facilitating same (wall
street/hedge fund gamblers shouldn’t be bailed out, etc.), but the divergence
of so-called opinion from stagflation to applauding same in light of fraudulent
stock market up-tick (isn’t that how we got here, to this financial/economic disaster).
Depression Unrest Turmoil
Instability Riots all coming and SOON As depression deepens, more americans
go fishing (Reuters) It’s Not Just AIG: Fannie Plans
Exec Bonuses Stimulus plan: Spend now, details
later (promise) Dollar Plunges After Fed
Announcement Senate quietly stripped measure
restricting bonuses from bailout legislation Hedge funds could reap billions from AIG which should
not reward soured bets/gambles with taxpayer funds as now slated. Citi, Morgan Stanley Looking to Issue More Diluting
Shares for Bonus Payments (at Seeking Alpha) Editorials: Rewards instead of
punishments
PREVIOUS (3-17-09), all private
forecasts of the very forecastable housing starts defied the false report of
the corrupt, scandal-scarred commerce department (remember the fake reports
that spurred recent ralleys which ultimately burned the buyers) spurred
suckers’ bear market ralley so great opportunity to SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
Dent,
Napier, and Prechter - Wise to Heed Their Predictions Is Mistrust in Wall Street Pointing to New Lows? RECORD: NATIONAL
DEBT HITS $11 TRILLION... The Size of Derivatives Bubble
= $190K Per Person on Planet Washington knew AIG was preparing to pay
bonuses (AP) U.S. to claw back AIG bonuses,
lawmakers eye tax House committee scrutinizes Merrill
bonuses Bad year or good, fraud or just preparing
for fraud with wall street, AIG
employees got big bonuses (AP) Paulson Was Behind Bailout Martial Law Threat Fed Hides
Destination Of $2 Trillion In Bailout Money
World Bank cuts China GDP estimate
again, to 6.5% Obama Confronts “Populist
Anger” Over Bankster Giveaways IMF poised to print billions
of dollars Jim Rogers Expects Civil Unrest
in the US and all around the World
PREVIOUS 3-16-09, Very modest losses
relative to reality so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE
YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! ‘…February industrial production declined
1.4%, which is essentially in-line with the consensus 1.3% decline. Capacity
utilization dipped to 70.9% from 71.9%, as generally expected. The February
report continues to reflect a weak demand environment that will ultimately drag
on GDP...’’… The nation's
industrial output fell for the fourth straight month in February, with
factories operating at their lowest level in six decades of record keeping.
Analysts forecast more production cuts to come as companies are battered by
recessions at home and abroad. The Federal Reserve reported Monday that
industrial output dropped by 1.4 percent last month, slightly larger than the
1.2 percent decline economists had expected. The weakness included a 0.7
percent fall in manufacturing output, which pushed the operating rate at the nation's
factories down to 67.4 percent of capacity last month, the lowest level on
records that go back to 1948…’
Treasury to rework AIG aid to recoup
bonuses AIG massive payments to banks stoke
bailout rage Hearst prints final Seattle PI Hearst hopes Web-only Seattle P-I will
turn profit AIG Bonuses Add to Reality of
Public Revolt against Wall Street, Federal Reserve Bracing for a Bailout
Backlash Dollar Crisis In The Making Think recession’s bad? Try a
cataclysm! Insurance giant
AIG to pay $165 million in bonuses (AP) AP - American International
Group is giving its executives tens of millions of dollars in new bonuses even
though it received a taxpayer bailout of more than $170 billion dollars. AIG plans to
disclose CDS counterparties: source Chrysler
faces July cash crunch even with more aid Accounting Rule
Changes Creating False Rally in Financials (at Seeking Alpha) Cash-hungry
U.S. states turn to Web to auction goods Bernanke:
recession could end in '09 and if his grandmother had wheels she could be a
trolley car and as he previously said we could avoid recession though we were
already in one which is now a depression with worse yet to come and most
assuredly will not end in 2009 except in the b.s. talking points in their
dreams (AP) Millions in AIG bonuses
draw chorus of outrage (AP)
AIG payments to banks stoke
bailout rage White House
says economy is sound despite 'mess’ or stated another way, a sound
mess…..riiiiight!'
AIG Bonuses Add to Reality of Public Revolt against Wall
Street, Federal Reserve Mike
Adams | People will be marching in the streets, demanding the arrest of
all the rich executives and corrupt bureaucrats who took part in this massive
financial theft.
PREVIOUS 3-13-09, Suckers’ bear
market rally ( Citigroup Inspired Bear Market Suckers’ Rally ) to keep the suckers suckered and commission dollars flowing to the frauds
on wall street Regulator: Before Banks
Collapsed, They Pleaded With Feds To Let Them Fudge Their Books Ryan Grim | Before financial
institutions collapsed, they went to the Financial Accounting Standards Board,
pleading for a change in mark-to-market accounting rules so that they can
continue to appear to be solvent on their balance sheets and hence, continue to
defraud the public as they are now once again trying to do. Unemployment in 7 States Has Exceeded 20% in February China Debates If It Should
Continue to Foolish Buy Evermore Worthless U.S. Treasuries America faces new Depression
misery as financial crisis worsens Tent Cities, Unemployment,
Homelessness Growing Dmitry Orlov: “America will
collapse” Warren Buffett's BERKSHIRE HATHAWAY stripped of its 'AAA' credit
rating... THE
INFLUENCE/BRIBE/PROTECTION RACKET: New record for number of PACs
PREVIOUS (3-12-09), the waning full moon still compounding the frivolity of the criminally
insane; particularly the lunatic frauds on wall street, and truth be told, the
lunatics who follow in lock-step behind them. Suckers’ bear market rally ( Citigroup Inspired Bear Market Suckers’ Rally ) to keep the suckers suckered and commission dollars flowing to the frauds
on wall street so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE
YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! There are no bulls or bears on fraudulent
wall street, just ostriches. One senile land of fruits and nuts analyst/ broker
/ master planner of the lost angeles failed paradigm quips with glee: it’s
impressive to see the market ignore so much bad news and rally…riiiiight! Ron Paul, A Rare Voice of
Reason on Capital Hill: Culprits Of Financial Collapse Should Be Arrested,
Prosecuted, and Disgorgement Of Fraudulent Gains Would Inure to the Benefit of
the Technically/Defacto Insolvent/Bankrupt u.s. Treasury in the Multi-Trillions
as Recovered (Their greed
and fraud has further bankrupted this country and damaged other nations and
recoupment of their fraudulent gains must be required as the law already
provides since taxpayers are bearing the brunt of government inaction. What
they did is not ok. They must pay. This is not difficult to grasp and must be
done or there is no hope prospectively for america since all will know of this
government fostered/complicit fraud). ‘…Better-than-expected (but
typically fake as per scandal scarred commerce department) retail sales data
suggested consumers haven't completely rolled over. February retail sales
declined just 0.1%, which is better than the 0.5% decline that was expected.
Excluding autos, retail sales increased 0.7%. A decline of 0.1% was expected.
Meanwhile, January total sales and sales less autos were revised to show an
even larger increase. The upbeat retail sales data comes in the face of ongoing
consumer headwinds, such as mounting job losses. Weekly initial claims climbed
9,000 to 654,000, which was worse than expected. Continuing claims jumped
nearly 200,000 to 5.32 million, which was also worse than expected (new
record). In other economic news, February business inventories declined 1.1%,
which is essentially in-line with the consensus estimate...’
’…This week's rally got an extra dose of adrenaline after
an accounting board told Congress Thursday it may recommend (more fraud as we’re
currently experiencing by way of ) a let-up in financial reporting rules for
troubled banks in three weeks… Fed reports record fall in household net worth
WASHINGTON (AP) -- The net worth of American households fell by the largest
amount in more than a half-century of record keeping during the fourth quarter
of last year…The Federal Reserve said Thursday that household net worth dropped
by a record 9 percent from the level in the third quarter. The decline was the
sixth straight quarterly drop in net worth and underscored the battering that
U.S. families are undergoing in the midst of a steep recession with
unemployment surging and the value of their homes and investments plunging. Net
worth represents total assets such as homes and checking accounts minus
liabilities like mortgages and credit card debt. Jobless claims rise as retail
sales slip WASHINGTON (AP) -- With layoffs spreading, the number of initial
claims for jobless benefits rose last week, while the total number of people
continuing to receive benefits set a record high, the government said Thursday.
The Labor Department reported that first-time requests for unemployment
insurance rose to 654,000 from the previous week's upwardly revised figure of
645,000, above analysts' expectations. The number of people receiving benefits
for more than a week increased by 193,000 to 5.3 million, the most on records
dating back to 1967. That's the sixth time in the past seven weeks that the
jobless claims rolls have set a record high…’
Ron Paul, A Rare Voice of
Reason on Capital Hill: Culprits Of Financial Collapse Should Be Arrested,
Prosecuted, and Forced Disgorgement Of Fraudulent Gains Would Inure to the
Benefit of the Technically/Defacto Insolvent/Bankrupt u.s. Treasury in the
Multi-Trillions as Recovered - Compared
to them, madoff was a mere piker Citigroup Inspired Bear
Market Suckers’ Rally Unemployment in 7 States May
Have Exceeded 20% in February 45 percent of world’s wealth destroyed: Blackstone CEO Madoff jailed after pleading guilty to $50-65 billion
fraud and telling court: ‘I am deeply sorry and ashamed of my crimes’ Newmont CEO
sees gold in range of $1,200 House prices to drop another 55% and leave Britain bankrupt
Madoff sent to jail as furious victims applaud (AP) Madoff pleads guilty, is jailed for $65 billion fraud
Don't Sweat Hypernflation Just Yet: Deflation/Depression
"In the Cards" for 2009 and Beyond, Shilling Says More
on Roubini and Shiller's Dour Outlook Pelosi dodges chance to end automatic pay
raises Ron Paul: Culprits Of Financial
Collapse Should Be Arrested SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE
YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
PREVIOUS (3-11-09), Analyst chatter: Not through the worst of it, the worst
(of depression) still ahead, investing in this market is like trying to catch a
falling knife. Foreclosures up and spreading as unemployment also rises and
will continue to rise. Freddy lost another $50 billion and wants another $31
billion, while Fanny lost another $60 billion and wants another $15 billion.
Hillary Kramer says trading only, in-and-out, so if you can’t, don’t jump into
market to try and catch the falling knife. Dividend cuts for 2009 have already
surpassed that for all of 2008 at $46.8 billion.
53% of Americans (and Senator
Specter) Think the U.S. Depression is Like the 1930’s This is a Depression! For
Markets, What they call it does Not Matter Billionaire Stanford to take the 5th in fraud case (AP) Madoff mysteries remain as he nears guilty plea Merrill misled Congress on bonuses o Freddie Mac seeks $30.8B in US aid after 4Q loss Earnings Growth Estimates: The Bad, the Bad and the Ugly Japan's economy shrinks an annualized 12.1% in the fourth
quarter Dell Cuts Staff Worldwide Last year REITs lost 38% - that's a bit worse than the
S&P 500 Credit card delinquencies hit index record Thousands Line Up at Indiana
Mall for Food Handouts The Fed Has Destroyed Your
Retirement SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
PREVIOUS (3-10-09), yes, indeed, a rally with power of a speeding locomotive based on….. b.s.
talk point with early release of CITI
showing a profit [not counting more writedowns, bad/worthless
assets(loans)/securities, expenses, etc.] of $8 billion with receipt of $45
billion (plus loans/guarantees/investments in excess of $100 billion) taxpayer
bailout … WOW!…at this rate the treasury will deplete even faster than
originally projected. But the math is so simple that elementary school kids
with a handle on third grade arithmetic can accomplish the same and hence, can
and should replace top management at a much lower price and without delay. ‘…bernanke says regulatory
overhaul needed…WASHINGTON (AP) -- The nation's financial rule book must be
rewritten to prevent a repeat of the global economic crisis now gripping the
United States and other countries, Federal Reserve Chairman Ben Bernanke said
Tuesday…Bernanke offered new details on how to bolster mutual funds and a
program that insures bank deposits. He also stressed the need for regulators to
make sure financial companies have a sufficient capital cushion against
potential losses…The Fed chief's remarks come as the Obama administration and
Congress are crafting their overhaul strategies. For the administration,
critical work will be carried out among global finance officials this weekend
in London ahead of next month's meeting of leaders from the world's 20 major
economic powers…Madoff's lawyer says client will plead guilty …NEW YORK (AP) --
In a courtroom surprise, it was revealed Tuesday that Bernard Madoff will plead
guilty Thursday to securities fraud, perjury and other crimes, knowing that he
could face up to 150 years in prison for one of the largest frauds in history…’ ‘…All
three major indices registered fresh multiyear closing lows in the prior
session, but came rallying back this session to log their best single-session
performance by percent in months. The rebound came after Citigroup issued an
encouraging update and reports indicated the uptick rule may be reinstated…
Rep. Frank stated mark-to-market accounting rules must be improved, but Senator
Shelby says any mark-to-market accounting changes should be made by the SEC.
The SEC stated it will not seek to suspend such rules (since such would make
valuations a fraud)... The stock market's advance was further helped by
short-covering. Still, trading volume on the NYSE climbed above 2 billion
shares…’
Cost to buy
protection against U.S. government default surges Good News!
Economist Sees GDP Down 7% in Q1 and 9.25% Unemployment in 2010 Madoff faces
life in prison on 11 criminal charges Citi's fake
profit view, uptick talk drive big rally Roubini: Depression Could Last beyond 36 Months; Dow at
5000... United Tech
to cut 11,600 jobs
Why Commodities Prices May
Rise, Even In Deflation IMF warns of Great Depression,
All Nations at risk Oil at $50 Looms as OPEC Plans Cut, Keeps to Quota 53% Say It’s Likely the U.S.
Will Enter a Depression Similar to 1930’s even though we’re already in one
worse than the 1930’s Washington plans for big bank
failure SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE
YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
PREVIOUS (3-9-09), …‘Despite a rebound by financial stocks
and a batch of merger news, the stock market was unable to put together a
sustainable advance. Stocks finished with a broad-based loss, a bit above
session lows. Uncertainty in foreign indices fueled early losses in the
headline indices. Financials were the focal point of the weakness, falling to a
loss of 2.2%. The drop was short-lived, though. Financials rallied to a gain of
5.3%, but finished with a gain of 2.5%’… …’
Wall Street fell more than 1 percent Monday as uneasiness
about the economy eclipsed a bounce in troubled financial stocks and news of a
big drug company merger. Stocks rose in the early going but turned lower in a
now familiar pattern where short-lived bursts of optimism give way to concerns
about the country's economic woes’ (in the real world they call that mental
illness, lunacy –note the full moon, manic depression/bipolar disorder, etc.,
or just plain fraudulent wall street )’
World Bank offers dire forecast for world economy Depression Dynamic Ensues as
Markets Revisit 1930s Global Financial Assets Lost $50
Trillion Last Year SEC says
money manager invented big accounts Who got AIG's
bailout billions? ‘The collapse of America is
unavoidable’ Regulators seize seventh bank in Georgia... Kerry: 'Animal House' Party Days Are Over for u.s. government... Bank stocks
rally despite their insolvency (AP)
Too
big to fail? 5 biggest banks are 'dead men walking' (McClatchy Newspapers) [video] Next
Dead Dividend (at TheStreet.com) Oil at $50 Looms as OPEC Plans
Cut, Keeps to Quota Too Big Has
Failed: KC Fed Prez Says We Need Temporary Nationalization (at Seeking Alpha) World Bank
says global economy will shrink in 2009 (AP) Recession on
track to be longest in postwar period (AP) Cash In A Mattress? No, Gold In
The Closet Paulson
Was Behind Bailout Martial Law Threat Fed Hides
Destination Of $2 Trillion In Bailout Money
PREVIOUS (3-6-09), fudged in a manner most favorable to the
frauds (we past these unemployment percentages quite some time ago and they
were much worse then and still worse now, etc.), the news remains bleak and
reality says even bleaker. Any economist who in discussing this
depression mindlessly compares this Greatest Depression to any other
contraction without pointing out crucial negative distinguishing
characteristics; viz., insurmountable debt, increasingly worthless (Weimar)
currency, irrevocable and unrelenting trade/budget deficits, global antipathy
(stemming from illegal wars, war crimes, massive securities fraud, etc.), lack
of significant manufacturing base, pervasive corruption/theft
/plundering/incompetence, etc., cannot be considered a serious economist (just
a joker who probably missed the call on recession/depression, etc.). …’Huge layoffs
push joblessness toward double digits WASHINGTON (AP) -- Tolling grimly higher,
the recession snatched more than 650,000 Americans' jobs for a record third
straight month in February as unemployment climbed to a quarter-century peak of
8.1 percent and surged toward even more wrenching double digits.The human
carnage from the recession, well into its second year, now stands at 4.4
million lost jobs. Some 12.5 million people are searching for work -- more than
the population of the entire state of Pennsylvania. No one seems immune: The
jobless rate for college graduates has hit its highest point on record, just
like the rate for people lacking high school diplomas… GM shares reach 75-year
low amid bankruptcy talk…’ The broader market turned in a modest gain, thanks to a late rally
effort that overcame steep losses. Initial gains were broad-based as
participants began buying in the wake of the February jobs report, which
indicated nonfarm payrolls fell 651,000, in-line with expectations, and
unemployment climbed more than expected to a 25-year high of 8.1%. Stocks were
up as much as 2.4% in what resembled past trends that saw stocks sell off
leading up to the monthly jobs report, but then rally in its wake as traders
"bought the bad news."
Madoff expected to plead guilty to fraud
charges How to Spot a Ponzi Con Artist? Follow the
Yachts (Time.com) U.S. jobless rate hits 25-year high Goldman, others get AIG payouts: report US Bancorp CEO got pay package valued at $6.8M
(AP) Huge layoffs push joblessness toward double digits AP source: Madoff guilty plea expected next
week Stocks facing uphill battle; budget, retail
sales loom $11 Trillion Wipeout: Wall Street's
Year-and-a-Half of Dangerous Living Economy in 'Free-Fall': Unemployment Rate Surges
to 8.1%, Highest in 25 Years GM
shares reach 75-year low amid bankruptcy talk (AP) Fox Admits To Planting
Political Brainwashing In Popular TV Shows Pelosi Backs Senate Facist
Amendment to Censor Talk Radio Senate to Give FDIC up to $500
Billion Senator Bernie Sanders Slams Fed
Boss Ben Bernanke Bailout Money - Instead of Being
Used to Stabilize the Economy or Even the Bailed-Out Companies - is Just Going
to Line the Pockets of the Wealthy Taxpayers Furious With Budget
Cuts Take Frustration To Streets Of NYC AIG “Was Going to Bring Down
Europe”: Lawmaker
PREVIOUS (3-5-09), Analyst/Economist
Chatter: funny money (they’re printing worthless Weimar dollars like mad) and
now they’re thinking funny assets (suspending reality based mark-to-market in
favor of the failed fraudulent whatever they want so they can
foist/spin/defraud which got us to this debacle); more bank takeovers; GM
burning cash, bankruptcy probable; Merrill bonuses for jobs poorly done (my
direct experience with Merril Lynch brokers was their total incompetence);
higher taxes, higher inflation, $3 trillion new u.s. debt, dollar devaluation;
more bank takeovers and far worse unemployment. “Few economists expect a turnaround in the battered labor
market anytime soon with companies laying off thousands of workers
weekly…Still, initial requests for unemployment benefits fell to 639,000 from
the previous week's figure of 670,000, the Labor Department (fake number) said
Thursday. Analysts expected a smaller drop to 650,000…Retailers report sales
declines in February…GM concedes in the report filed Thursday that it's on the
edge of bankruptcy and won't be able to avoid it unless it gets more government
money and successfully executes a huge restructuring plan…Mortgage woes break
records again in 4Q. NEW YORK (AP) -- A stunning 48 percent of the nation's
homeowners who have a subprime, adjustable-rate mortgage are behind on their
payments or in foreclosure, and the rate for homeowners with all mortgage types
hit a new record, new data Thursday showed…” “The stock market logged new multiyear
lows during the session, and closed at its worst level since the fourth quarter
of 1996. Roughly 95% of the companies in the S&P 500 finished with a
loss...Though losses were broad-based, financials were dealt the worst blow.
The sector fell 9.9% with particular weakness among diversified banks (-16.5%)
and other diversified financial services companies (-13.2%). Moody's announced
it is reviewing the credit ratings of Bank of America (BAC 3.17, -0.42) and Wells Fargo (WFC 8.12, -1.54) for possible downgrade.
Moody's lowered its outlook for JPMorgan Chase (JPM 16.60, -2.70) to negative from
stable. Sellers pushed both WFC and JPM shares to new multiyear lows…Fourth
quarter nonfarm productivity declined 0.4%, though it was expected to increase
1.2% after the prior reading showed a 3.2% increase. The lower reading was a
result of lower economic output in the fourth quarter. Meanwhile, fourth
quarter unit labor costs increased 5.7%. Economists expected a 3.8% increase.
Factory orders for January fell 1.9% (fake number), which is a less severe drop
than the 3.5% decline that was widely expected. The drop in factory orders
reflects the retrenchment by businesses in the wake of softer spending…” Now As The Much Greater Depression Progresses Dow and S&P hit
12-year lows Bernanke Arrogantly Refuses To
Disclose Which Banks Took Money Treasury secretary's choice for deputy
withdraws (only little people pay taxes so take this job and shove it says tiny
tim deputy designate) (AP) 22 Georgia legislators fail to pay income taxes... GM auditors raise doubt on viability One in 8 U.S. homeowners late paying or
in foreclosure Citigroup stock falls below $1 a share
(AP) $$] SVG Swings to a Loss on Markdowns
Hits (at The Wall Street Journal Online) Why the Fed's TALF Is Bad for America Mortgage woes break records again in 4Q
(AP) Stocks
Fall Below 7,000 Again Fed Refuses to Release Bank Data,
Insists on Secrecy
PREVIOUS (3-4-09),
all news decisively worse than expected, fed beige book outlook grim, economist
outlook for recovery bleak. Celente: U.S. Has Entered “The
Greatest Depression” The spin: china bailout (the
frauds on wall street spinning/foolishly banking on china buying more worthless
u.s. paper – their domestic needs are substantial and they’re increasing
military spending by 15% as well) and high oil price suckers’ bear
market/short-covering rally to again keep suckers sucked in for their
commissions sake. The great red hope! How preposterous! Who would have thunk
it! ‘…strong gains overseas provided an excuse
for buyers to enter the fold and short-sellers to cover their positions.
Foreign indices upended their own losing streak after China announced it will
add approximately $586 billion to the fiscal spending plan it announced late
last year… According to the Fed's Beige Book, the Fed does not expect a
significant economic recovery until late 2009 or early 2010 at best (remember,
they also said no recession and now we’re in a depression). Meanwhile, the ISM
Services Index for February dipped to 41.6% from 42.9%, indicating continued
contraction for the services sector. The consensus estimate was pegged at
41.0%. Investors and economists got a glimpse of what may be lurking in the
government's February nonfarm payroll report, which is due at the end of the
week. According to the latest ADP Employment Report, 697,000 jobs were lost in
February. The consensus estimate called for 630,000 job losses…’ ‘…fed survey: economy deteriorated in
Jan., Feb. . After a dismal start to 2009, business people see more pain ahead,
expecting no improvement in economic conditions till late this year at the
earliest. Their pessimism was evident in the Federal Reserve's latest snapshot
of business activity nationwide. It showed sharp cutbacks affecting both
blue-collar jobs that once churned out construction equipment and white-collar
professionals like business consultants and accountants. From factories in
Cleveland to high-tech firms in Texas and California, the Fed's beige book
reported widespread production declines. Services sector shrank in Feb., 5th
straight month…’ U.S. private sector cuts 697,000
jobs in February FDIC’s Bair Says Insurance Fund Could Be Insolvent This
Year The Never-Ending Bailout They Done Us Wrong: Spending Our
Way Into Greater Depression Credit
concerns pound GE shares in volatile trade China hopes,
oil's jump, both negatives, end Wall St 5-day rout Warren Buffett's
'Fundamental Weakness' ETFs Suffer
Outflows In February Celente: U.S. Has Entered “The
Greatest Depression” The D-word: The depression has become something worse
(AP) Obama Must Fire Geithner and
Summers Gold Industry Officials Warn Of
Depression Jim Rogers: Bailouts are
destroying the US Economy Paulson
Was Behind Bailout Martial Law Threat Fed Hides
Destination Of $2 Trillion In Bailout Money PREVIOUS (3-3-09), modest losses relative to
reality as bad and worse than expected news just keeps on coming along with
suckers bear market/short-covering rallies as here into the close to keep the
suckers suckered. Defaults/delinquencies up, home/car sales down… Celente: U.S. Has Entered “The
Greatest Depression” … Helicopter ben ‘bernanke indicated the
near-term outlook for the economy remains weak. Economists at Goldman Sachs
concur; they expect the U.S. economy will fall 7.0% in the first quarter,
according to Dow Jones. Despite housing
stimulus provisions, pending home sales in January declined 7.7%. The consensus
estimate called for a 3.5% decline. The data reflect the effects of ongoing job
losses, lost wealth, and weak consumer confidence. Similar forces continue weighing heavily on auto sales. Ford Motor (F 1.81, -0.07) reported February sales in
North America fell roughly 48%, which is steeper than the 42% drop that was
expected. General Motors (GM 1.99, -0.02) reported February sales sank nearly 53%,
exceeding the 45% fall that was widely forecast. Separate reports indicated
GM's chief operating officer said that without government funds the company's
European unit would run out of cash in the second quarter. Chrysler down 44%’…
ART HOGAN SAY’S ”IT’S A
TOUGH ONE”… THAT’S A TRUE STATEMENT!
Celente: U.S. Has Entered “The
Greatest Depression” The D-word: The depression has become something worse
(AP) Obama Must Fire Geithner and
Summers Gold Industry Officials Warn Of
Depression Jim Rogers: Bailouts are
destroying the US Economy Gold has longest losing streak since October U.S. auto
sales fall as depression deepens Blockbuster
seeks debt overhaul, shares halted MGM Mirage casino co. says
it may default on debt (AP)
A Banana Republic By 2012? Change
for the Worse Obama Calls Bush On Troop
Withdrawal Plan Geithner Says U.S. Financial
Rescue ‘Might Cost More’ (maybe he can locate the $4
trillion missing at the fed and use that) Pension (substantial funding shortfalls) bombs going off
Pennsylvania Rep. Rohrer
Introduces Tenth Amendment Resolution Previous (3-2-09), analyst chatter: one
analyst said investors just can’t take (the wall street fraud/bull sh_) it
anymore and sees 5,000 on the DOW (too optimistic); another says worst levels
not yet seen, but markets functioning…riiiiight…, more bad economic news,
dividend cuts; another says the so-called plan changinging everyday, not
stimulus but at best stabilization (doomed to fail), unrealistic expectations
(that’s realistic), talks funny assets/accounting (that’s what helped get us
here-the fraud), a world of hurt, hope for short-covering rallies…sounds like a
plan…riiiiight; another who called the crash says worst bear market in history,
if priced in gold market has fallen 80% and more decline to come, says
stimulus/stabilization good money after bad and recipients with worst
management (fraud, etc.) should rather be allowed to fail, treasury bond/dollar
bubble, u.s. stocks still overvalued so sell, precious (money) metals and
overseas markets better; and finally, mainstream analyst says gold/bonds but no
stocks. Dow industrials fall below 7,000;
lowest since ‘97 Buffett says
economy in shambles losses on derivatives contracts tied to the
stock market. Banks and economy to keep
bears' grip on stocks Berkshire reports
a 96 percent drop in 4Q profit Chart of the
Week: GDP Worse than Expected (at Seeking Alpha) Time to Bury
the Markets NYSE Suspends
$1 Stock Price Minimum Economics of
this Depression
[$$] BofA
Executive Got Housing Perks (at The Wall Street Journal Online) Madoff seeks to
keep NYC penthouse, $62M in assets – Typical kike/jews Dow finishes
below 7,000 for first time since '97 (AP) The D-word: The depression has become
something worse (AP) [$$] At
Merrill, Thinning Herd of Carrion (at The Wall Street Journal Online) AIG Will
Receive More Aid, Bigger Loss... NYSE Euronext
chief gets 2008 pay valued at $9.2M (AP) Asian stock
markets tumble on worsening US slump Sources: AIG
to get up to $30B more in Fed aid Moody's lowers ratings on
Citi's Japan operations (at MarketWatch) Oil falls below
$44 on bleak US GDP, AIG news
States' budget
woes will outlast the depression israeli media denounced for insulting the Prophet Israeli minister calls for assassination of top arab leader
justifying action to eliminate/exterminate nazionist israel/israelis for the
sake of world peace and justice as… 8 more civilians die in US drone raid Buffett Says Economy Will Be
'Shambles' in 2009, Likely 'Well Beyond'... BERKSHIRE has
worst year... Iran says USA
planning 'long-term stay' in Iraq... Kudlow: Obama Declares War on Investors,
Entrepreneurs, Businesses, And More... Bankers: Stop
trashing us... Wall Street slides
after CITI-government deal... Sets Single-Day
Trading Volume... STRUGGLING STATES LOOK TO UNORTHODOX TAXES... Iran says USA
planning 'long-term stay' in Iraq... Warren Buffett Speaks: His
Worst Year Ever – If you listened to him recently (I warned you not to) you’re
down another 20-30% since his government shill/propaganda talk (did he really
give away his fortune – maybe he just decided to lose it and bring everyone
with him – senile, I say yes) r
A Banana Republic By 2012? Change for the Worse Previous
(2-27-09), modest losses relative to reality including news much worse than
expected: ‘The economy contracted at a staggering 6.2 percent pace at the
end of 2008, the worst showing in a quarter-century, as consumers and
businesses ratcheted back spending, plunging the country deeper into
depression. The report released Friday showed the economy sinking much faster
than the 3.8 percent annualized drop for the October-December quarter first
estimated last month which rallied stocks significantly to keep suckers
suckered and commission dollars flowing. It also was considerably weaker than
the 5.4 percent annualized decline economists expected’. ‘Economic data remains gloomy. Fourth quarter
GDP was revised lower to reflect an annual rate of -6.2% versus a previously
estimated -3.8%. The decrease in fourth quarter activity primarily reflected
negative contributions from exports, personal consumption expenditures,
equipment and software, and residential fixed investment’. US economy suffers sharp
nosedive Economy moving
in reverse faster than predicted
Moody’s predicts default rate will
exceed peaks hit in Great Depression Shares tumble across globe as
figures reveal U.S. economy shrank 6% in last quarter - the fastest rate in 25
years Regulators
close banks in Illinois, Nevada FDIC Approves ‘Emergency’ Fee on
Banks to Bolster Reserves Banks and
economy to keep bears' grip on stocks FDIC raising
fees on banks, adds emergency fee (AP) AIG talks
weigh securitizing life policies…..riiiiight!…: source BofA carries
loans $44 billion above market value Citi, U.S.
Reach Accord on a Third Bailout (at The Wall Street Journal Online) Tax hikes are
coming -- but you already knew that Investors await
Buffett letter as Berkshire hits 5-1/2 year lows Five reasons
buying a home in 2009 is a bad idea Three Top
Economists Agree 2009 Worst Financial Crisis/Depression Since Great Depression;
Risks Increase if Right Steps are Not Taken (Business Wire) WORST MONTH SINCE 1933 Paulson Was Behind Bailout Martial Law Threat Urban
Warfare Drills Linked To Coming Economic Rage
CIA Adds Economy To Threat Updates Fed Hides
Destination Of $2 Trillion In Bailout Money We Watch Now As Funds Get Vaporized Bob
Chapman | Business will go on as usual in Washington and on Wall Street — as
corrupt as ever. Moody’s predicts default rate will exceed peaks hit in
Great Depression A bigger proportion of non-investment
grade companies will go bust in the US and overseas in the coming years than
during the Great Depression, according to Moody’s, one of the world’s foremost
experts on credit. US economy suffers sharp nosedive BBC | The US economy shrank by
6.2% in the last three months of 2008, official figures have shown, a far
sharper fall than had previously been reported. FDIC Approves ‘Emergency’ Fee on Banks to Bolster Reserves Bloomberg | The Federal Deposit
Insurance Corp. will charge U.S. banks a one-time assessment and increase other
fees to replenish its insurance fund, adding $27 billion in costs to an
industry already hobbled by the financial crisis. Citigroup
Shares Down 36% | The Treasury, which has provided a total of $45
billion to Citigroup, left the door open for the bank to seek additional
government funding. Previous (2-26-09), Banks lost $26.2 billion
last quarter, GM lost $10 billion past month, FDIC problem bank list grows to
252, u.s. broke but $3.5 trillion spending plan and $1.75 trillion budget
deficit, etc., ‘FDIC
reported that at the end of the fourth quarter its list of troubled
institutions grew to 252 from 171 at the end of the third quarter. The latest
data indicated January durable goods orders fell a more-than-expected 5.2%.
Excluding transportation, durable goods fell 2.5%, which was also steeper than
expected. January new home sales fell more than expected to an annualized rate
of 309,000 units, which is a record low. Jobless claims continue to rise beyond
expectations. Initial claims climbed 36,000 to 667,000 from the prior week.
Continuing claims came in just below 5.03 million, up from nearly 5.00 million
in the prior reading’. Americans receiving unemployment top 5 million Fannie Mae seeks $15.2B in US aid after 4Q
loss $1.75T Deficit, Higher Taxes,
"Bogus" Stimulus Obama’s Stimulus Bill is a Banker Contrived Debt Scam Obama’s War Machine Needs $800
Billion For 2009 A $1.75 TRILLION DEFICIT... Small Businesses To Suffer From
Obama’s Tax Hike Obama’s Budget: Almost $1 Trillion in New Taxes Over Next
10 yrs, Starting 2011 ETF Advisers: Sell Into Market's Rally Paulson Was Behind Bailout Martial Law Threat Urban
Warfare Drills Linked To Coming Economic Rage
CIA Adds Economy To Threat Updates Fed Hides
Destination Of $2 Trillion In Bailout Money US banks post first quarterly
loss since 1990... Record Government Note
Auction; Unprecedented amount of debt... More Fraud on Wall Street New
York Times | WG Trading Company and Westridge Capital misappropriated
funds from state and city pension funds, including Carnegie Mellon University
and the University of Pittsburgh. Previous (2-25-09), suckers’ bear
market/short-covering rally based on bull s**t/jawboning alone and bad news
much worse than expected into the close to finish well off more realistic lows,
to keep the suckers suckered so SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE
YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Economic/trends/demographics forecaster/analyst Harry S. Dent says this Great
Depression will bottom out (with no cognizable uptick till) early 2020’s,
unemployment 14%-17%, 50%-60% decline in real estate values, dollar (and
market) crash, etc. (close but no cigar), is realistic and starkly dismal in
light of the convergance of major bubbles which are deflating. New b.s. talking point the convertible preferreds (all
real analysts know to treat as converted said securities to account for
dilution - and quite possibly nationalization), and then the so-called
‘stress-tests’ for banks…riiiiight!…read those flat lines. Money managers accused of $550 million fraud
(Reuters) TARP Said to Be Ripe for Fraud Existing U.S. home sales, prices drop
in January Gannett slashes dividend 90 pct, saving
$325M ETF Advisers: Sell Into Market's Rally Paulson Was Behind Bailout Martial Law Threat Urban
Warfare Drills Linked To Coming Economic Rage Fed Hides Destination Of $2 Trillion In Bailout Money U.S. Consumer
Confidence Collapsed to Record Low The Market Is Not Your Friend Bernanke says
depression to linger Housing Prices in 20 U.S.
Cities Fall a Record 18.5% U.S. Economy: Consumer Confidence In Record Slump Ron Paul Grills Bernanke: “You Can’t Reinflate The Bubble” Stocks drop as Obama speech and
housing data weigh Gold investors make 120pc return in four months Bailout Bank Blows Millions
Partying in L.A. How Credit Default Swaps Brought
Down the World Economy ‘Black Swan’ Author Sees Trouble
Exceeding 1930s Majority Of U.S. States Join
Sovereignty Movement, Assert 10th Amendment Rights New World Liberty | With the
economy collapsing, it is a very real and immediate danger that the federal
government can turn into a completely criminal and fascist government. Rahm Emanuel Doesn’t Pay Taxes, So
Why Should You? Kurt
Nimmo | Don’t expect Rahm Emanuel, Nancy Pelosi, Tim Geithner, Evan
Bayh, and other minions of the elite to pay their “fair share.” After all,
taxes are for the little people. Previous (2-24-09), suckers’ bear market/short-covering rally based on bull
s**t/jawboning alone and bad news much worse than expected, to keep the suckers
suckered so SELL/SELL
INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE
TO COME!
Helicopter ben, the guy who said no recession even as now we know we
were already in one (actually depression) told by handlers to be upbeat (how
‘bout just beat, burnt out, etc.) delivers still dire but sugar-coated for
spin/consumption testimony/b.s.. Severe contraction…as in depression;
recession/depression could end by end of year/beginning of 2010 if…and if his
grandmother had wheels, she’d be a trolley car. Ridiculous bull s**t that got
everyone here in the first place. Analyst
chatter: talk about franchise value of banks ruined if nationalized, confidence
at all-time low, end of 2010 before any recovery (if at all), orderly process
of deleveraging, on defense till trends more believable; another-not there yet
as contrarian indicators say otherwise and bearish industry view (newsletters);
another- news bad as expected but confidence reading far worse than expected,
downward momentum accelerated with occasional relief rallies at best; Housing Prices in 20 U.S. Cities
Fall a Record 18.5% U.S. Economy: Consumer Confidence In Record Slump U.S. consumer confidence collapsed this month
and home values plunged in December, the latest evidence of a deepening
economic slump that will last well into 2010 and beyond. Analysts: New Era Of Chaos Has Taken Hold A
wave of economists, investors and other financial experts issued a series of
dire warnings concerning the global financial crisis over the weekend, stating
that a new era of chaos has taken hold all over the globe. Paulson Was
Behind Bailout Martial Law Threat Urban
Warfare Drills Linked To Coming Economic Rage Fed Hides Destination Of $2 Trillion In Bailout Money U.S. Consumer
Confidence Collapsed to Record Low The Market Is Not Your Friend Bernanke says depression to linger
Get Ready for
Mass Retail Closings Microsoft says no new cost cuts, shares hit 11-year low Stanford a cog in
the U.S. intelligence dirty money laundering machine How the Economy was Lost Unemployment (already past 9% in reality) Will Pass 9%
This Year: NABE SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME! Previous (2-23-09), even the frauds on wall
street who should be prosecuted are not buying the rhetoric/b.s. which is very,
very, etc., short on detail, ie., spending money the broke u.s. doesn’t have
for bailouts, while cutting the deficit in half in 4 years, etc.,…..riiiiiight! What economists / analysts are saying: Zandi - rapidly
eroding economy; analyst – ugly…lots of bull s**t, no specifics/details, not
pretty picture, equity holders of financials wiped out prospectively; Financial
Times Editor – markets at new lows, nationalize or not (defacto they’re already
nationalized), AIG trading at 50 cents has received $80 billion in bailout
funds and just records loss of $60 billion, dire; bank analyst – downward
pressure on financials particularly as dilution taken into account, write-offs,
more capital needed, securitization market down, down, down and more capital
necessary for writedowns; analyst – vicious bear, no faith in government plan,
dismal! . One analyst previously pointed
out there has been not one prosecution thus far and the frauds on wall street
should be prosecuted and forced disgorgement. Analyst Frank Cochrane
looks ahead to 4,000 to 6,000 on the DOW, 700 to 900 on the NASDAQ, and 425 to
625 on the S&P, and says spending/stimulus programs will not work, a point
on which he is correct and the low end of his ranges closer to reality. Not Just a Few Bad Apples - Corruption is Systemic in
America In
case you believe that there are only “a couple of bad apples” in the United
States, here is an off-the-top-of-his-head (I could give many, many more
including my RICO case) list of
corruption by leading pillars of american society. Wall
Street slides to 12-year low New U.S.
stake in Citigroup will not calm realities/doubts AIG
in talks with U.S. government, sees $60 billion loss: source Pinnacle
West shares fall on earnings, outlook (AP) LaSalle
Hotel shares fall on analyst outlook (AP) Harley-Davidson
shares fall on sales worries / realities (AP) Major stock
market indexes fall to 1997 levels and much further down to go given realities Micron
Tech to cut up to 2,000 more jobs in Idaho Asian
shares slump after Dow hits 1997 low (at MarketWatch) The S&P
500's Incredibly Shrinking Market Cap The more they
do, the worse it gets Paulson Was Behind Bailout Martial Law Threat Fed Hides
Destination Of $2 Trillion In Bailout Money
The Great “Global
Crisis of Maturity” and the New World Order World Financial
System In A State Of Insolvency Urban Warfare
Drills Linked To Coming Economic Rage Britain faces summer of rage Get Ready for Mass
Retail Closings Yahoo Finance | About 220,000 stores will close this
year in America. Editorials: Rewriting rules of global finance GLOBAL
MARKETS-US stocks slide as bear grips harder, oil falls BACK TO 1997... State sends $1 food stamp checks to 250,000... Obama pledges to slash deficit - after increase... Rosy assumptions...
Philadelphia newspapers' owner files for bankruptcy... AIG Seeks More US Funds As Record
Loss Looms... Advisers
readying bankruptcy financing for automakers... BANK MESS: HSBC
CONSIDERS $20B CASH CALL FROM INVESTORS... Sentiment Overview:
Pessimists Increase by 18% Stocks:
Horrible Start to 2008, Worse in 2009 Ex-Senate aide
charged in Abramoff scandal
THE FAILED INFLUENCE
GAME: Stimulus still aiding K Street Swiss party wants
to punish USA for UBS bank probe... Developing... Japan stocks fall after
lender seeks bankruptcy (AP)
Gov't
reportedly mulls dilution, more obfuscation, and more money down the rabbit hole
by taking larger stake in Citi (AP) RBS prepares to unveil
global downsizing plan Richard Russell: Bear
Market Remains in Force Summary of
Global Investment Returns Yearbook 2009 The New
Depression - The Lessons of the 1930s Markets May be
Said to be Oversold (Again), But Decisive Rally Won’t Be Forthcoming as Much
Worse and Much More Selling to Come Philly
newspaper owner files for Chapter 11 (AP)
Previous
(2-20-09), stocks tumbled around the world, sending the Standard & Poor’s
500 Index to its biggest weekly drop since November, on concern the deepening
recession will force banks to seek more government aid. Europe’s Dow Jones
Stoxx 600 Index slid to a six-year low, and Japan’s Topix Index declined to the
worst level since 1984. Analysts saying
impossible to predict bottom in this dismal scenario, nationalization concerns,
not bottomed yet, new bear market lows. Art Hogan says greater than 50% is
defacto nationalization anyway and nothing left for shareholders, pricing
mechanism for toxic assets problematic along with negative capitalization
ratios, new lows in offing, gold for capital preservation along with treasuries
and money markets. Nader says depression. There’s no end/bottom in sight. One says 2011-2014
earliest for bottoming at best and that nationalization means politization. One analyst
previously pointed out there has been not one prosecution thus far and the
frauds on wall street should be prosecuted and forced disgorgement. Analyst Frank Cochrane looks ahead to 4,000 to 6,000 on the
DOW, 700 to 900 on the NASDAQ, and 425 to 625 on the S&P, and says
spending/stimulus programs will not work, a point on which he is correct and
the low end of his ranges closer to reality. Not Just a Few Bad Apples - Corruption is Systemic in
America In
case you believe that there are only “a couple of bad apples” in the United
States, here is an off-the-top-of-his-head (I could give many, many more
including my RICO case) list of
corruption by leading pillars of american society. SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE
YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
Major indexes
fall more than 6 percent for week The Great Depression has Arrived-
Collapsing American Dreams Defacto if not
dejure nationalization realities hit Citi, BofA Soros sees no
bottom for world financial "collapse" Trustee: Some
Madoff stock trades were fiction Morgan
Stanley offers $3 billion broker bonuses, Wells none (Reuters) Gold Hits
$1,000 Ron Paul: Stimulus “Waste of Money” The Inconveninent Debt Gold Tops $1,000, First Time
Since March as Depression Deepens Stocks Drop Around the World; Stoxx 600 Falls to 6-Year Low
Fed Hides Destination Of $2 Trillion In Bailout Money “…The United States was in much better
shape, economically, going into the Great Depression than it is now. Prosperity
is not coming back to the U.S. as we know it. We are in a lot of trouble…”More Economists Say Crisis Is Worse Than Great Depression Previous (2-18-09), all news much worse than
expected as new home starts plunge 17% (-56% year over year), fed/bernanke
downgrades economic forecast (rallied stocks when he made same which was bull
s**t then as pointed out here) predicting reality of contraction which he says
will be protracted, prolonged and increased unemployment (9%) though reality is
much worse than they’re once again (falsely) predicting (we’re already
significantly past 9% unemployment) and as one economist points out, in an
economic freefall. bernanke’s outlook realistically dismal which sentiment is
shared by analysts/economists who envision no bottoming until well into 2010 at
best because…..this is a DEPRESSION!
Previous (2-19-09), ‘Initial jobless claims totaled 627,000,
topping the 620,000 claims that were expected. Initial claims were unchanged
week-over-week, while the four-week moving average moved up to 619,000 from
608,500. Continuing claims reached record highs of 4.99 million. Economists
forecast 4.81 million continuing claims. The four-week moving average for
continuing claims stands at 4.84 million, up from 4.75 million. Jobless claims
were a drag on the January index of leading economic indicators, which
increased 0.4%, exceeding the consensus forecast of a 0.1% increase. An
increase in the money supply proved to be the main driver lifting the index,
but the increased money supply contributes to inflationary concerns. Producer
prices, which measure inflation, increased more than expected in January. The
January PPI and core PPI were up 0.8% and 0.4%, respectively.’ Philly fed
manufacturing index at 18 year low. The easiest to forecast
leading economic indicator was fudged to the upside, though still
marginal, with said fake number
substantially exceeding all private forecasts (stock prices, auto, housing,
employment, etc., all down sharply in subject month…..hence, I don’t think so
and fake report). Analysts saying stimulus plan not
stimulative, specter of bank nationalization (banks insolvent), loss of pricing
power across most all industries, and then the plethora of very bad
economic/financial data with breakthrough technical bottoms, looking for
violent sell-off/capitulation to provide minimal/short-lived bear market
rallies, with some ephemeral opportunities among defensive stock plays, ie.,
whole foods (pricing power), auto parts (refurbishing old cars).
One analyst previously pointed out there has been not one prosecution thus
far and the frauds on wall street should be prosecuted and forced disgorgement.
Analyst Frank Cochrane
looks ahead to 4,000 to 6,000 on the DOW, 700 to 900 on the NASDAQ, and 425 to
625 on the S&P, and says spending/stimulus programs will not work, a point
on which he is correct and the low end of his ranges closer to reality. Not Just a Few Bad Apples - Corruption is Systemic in
America In
case you believe that there are only “a couple of bad apples” in the United
States, here is an off-the-top-of-his-head (I could give many, many more
including my RICO case) list of
corruption by leading pillars of american society. SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE
YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
Jobless Claims Hit Record High; Inflation Jumps Dow falls to 6-year low as banks slide Wholesale
inflation takes biggest jump in 6 months Dow Closes at New Bear-Market Low Dow Theorists spot a bear Rising debt will
overwhelm Obama’s effort to rescue the economy Bank debt trades at distressed levels (at
FT.com) 5 million Americans drawing jobless benefits AP IMPACT: Jobless hit with bank fees on
benefits (AP) FBI tracks down Texas financier in fraud case (AP) FBI finds Allen Stanford in Virginia Stanford curried influence in DC: watchdog
group PC makers' shares fall on worsening demand BofA and Citi shares fall on defacto or dejure
nationalization near GE shares dip to lowest since 1995 Feb. could be worst month yet for jobless
claims Fitch downgrades Marriott on lodging softness
(AP) Fed downgrades
economic forecast for this year “…The
United States was in much better shape, economically, going into the Great
Depression than it is now. Prosperity is not coming back to the U.S. as we know it. We
are in a lot of trouble…”More Economists Say Crisis Is Worse Than Great Depression Previous (2-18-09), all news much worse than
expected as new home starts plunge 17% (-56% year over year), fed/bernanke
downgrades economic forecast (rallied stocks when he made same which was bull
s**t then as pointed out here) predicting reality of contraction which he says
will be protracted, prolonged and increased unemployment (9%) though reality is
much worse than they’re once again (falsely) predicting (we’re already
significantly past 9% unemployment) and as one economist points out, in an
economic freefall. bernanke’s outlook realistically dismal which sentiment is
shared by analysts/economists who envision no bottoming until well into 2010 at
best because…..this is a DEPRESSION!
Not Just a Few Bad Apples - Corruption
is Systemic in America Fed downgrades
economic forecast for this year Fed says US economy will get worse in 2009 Bernanke cuts growth view, considers inflation
target Hundreds seek their money as Stanford fallout
spreads HP cuts full year outlook (Reuters) UBS to pay $780M, open secret Swiss bank records Billionaire's bank customers denied their
deposits HP profit slumps 13 pct on weak PC and ink sales [$$] Dow ends little-changed amid slew of grim
news (at The Wall Street Journal Online) The Bull's Case for Buying Gold ...starts, permits plunge to new record lows SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE
YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
Previous (2-17-09), modest losses
relative to reality so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME! Analysts
say not very encouraging, market saying stimulus will not work, lots of toxic
assets still out their, nothing safe in bear market, oil to $80, gold
appropriate hedge against deflation and inflation and deserves spot in
portfolios, no turnaround anytime soon, and tough-sledding ahead. “…The United States was in much better
shape, economically, going into the Great Depression than it is now. Prosperity
is not coming back to the U.S. as we know it. We are in a lot of trouble…”More Economists Say Crisis Is Worse Than Great Depression Joint Chiefs chairman calls fiscal calamity a bigger threat than any war GM
seeks up to $30B in aid, to cut 47,000 jobs (AP) GM and
Chrysler seek nearly $22 billion more in aid Stocks
sink to November lows on depression fears U.S.
charges Allen Stanford with "massive" fraud Reality
about expensive, flawed, failed stimulus drag stocks down sharply (AP)
It’s Getting Ugly: Economist Says Hoard Gold & Scotch Paul Joseph Watson
| Williams predicts hyperinflationary depression will mean a $100 dollar bill
is worth less than toilet paper. 65 Trillion - U.S. Financial Obligations Exceed The Entire World’s GDP A “Monetary Stalingrad” is on its way to Europe Kansas suspends income tax refunds, may miss payroll Europe’s economic slump deeper than expected Total
desperation by frauds on wall street. One analyst previously pointed out there has been
not one prosecution thus far and the frauds on wall street should be
prosecuted. Analyst Frank Cochrane
looks ahead to 4,000 to 6,000 on the DOW, 700 to 900 on the NASDAQ, and 425 to
625 on the S&P, and says spending/stimulus programs will not work, a point
on which he is correct and the low end of his ranges closer to reality. Indeed, the lunatic wall street frauds’ desperation linked to their substantial
crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc.- Analyst Andre
Egleshion puts the amount at $600+trillion) have been addressed much
less solved; hence, virtually all problems remain
and there is but an infinitesimally small fraction of the capital and resources
necessary to solve them thanks to fraud, incompetence, lack of
knowledge/ability, greed, etc., so SELL /SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE
YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! GM
seeks up to $30B in aid, to cut 47,000 jobs (AP) America's Insolvent Banks
(at Seeking Alpha) Gold Jumps to 7-Month High as
Investors Seek to Preserve Wealth Stocks
sink to 3-month lows GM and
Chrysler seek nearly $22 billion more in aid Stocks
sink to November lows on depression fears U.S.
charges Allen Stanford with "massive" fraud Reality
about expensive, flawed, failed stimulus drag stocks down sharply (AP) It’s Getting Ugly: Economist Says Hoard Gold & Scotch Paul Joseph Watson
| Williams predicts hyperinflationary depression will mean a $100 dollar bill
is worth less than toilet paper. 65 Trillion - U.S. Financial Obligations Exceed The Entire World’s GDP A “Monetary Stalingrad” is on its way to Europe Kansas suspends income tax refunds, may miss payroll Europe’s economic slump deeper than expected WORLD TO STAY IN SLUMP Previous(2-13-09), modest losses relative to reality
inasmuch as outlook remains bleak with data (though sugar-coated, inflated,
false to provide more favorable b.s. talk points) dismal as consumer confidence
down sharply ((56.2 vs. 61.2 previous, job losses continue as do earnings
declines/losses, bankruptcies, defaults, etc., so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME! Analysts
negative regarding level of uncertainty, skepticism regarding more
stimulus/bailout money down the rabbit hole, longer-term considerations of
deflation/hyperinflation, and particularly the valuation of assets in any of
the bailouts, etc.. Oil inventories high but production cuts will weigh heavily later. [$$] Long-Term
Dow Chart Suggests More Downside Large U.S. banks on edge of
insolvency, experts say Regulators close banks in
Neb., Fla., Ill., Ore. GOLD Separating from the US
DOLLAR-Banks insolvent Another $3T of
U.S. Debt: Don't Count on Foreigners to Pay for Our Bailouts U.S. auto suppliers seek $18.5 billion in government aid How Banks Are Worsening the
Foreclosure Crisis Stocks fall
as investors can't shake economic woes Huge stimulus
bill only the beginning of the end, substantial investment in Weimar dollar
printing presses/operators envisioned: Obama Will the stimulus actually
stimulate? Economists say no This
is 1930 all over again and far worse Federal obligations exceed world GDP... Euro Zone Sees Biggest
Contraction on Record Previous (2-12-09), suckers’ bear market rally
with 200+ point upswing into the close based on b**l s**t alone on continuing bad news including increasingly high job loss/unemployment
numbers (though vastly understated), unexpected (euphemistic for false) +1%
January retail, and leak of yet the new latest, greatest, economic
“stimulus”/subsidy, etc., so especially great opportunity to SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME! 23% decrease in wealth in u.s. and
much further to go. Fed printing worthless Weimar dollars like mad (ultimately,
inevitably hyperinflationary) while treasury
securities bubble gets bigger (stay away from treasuries – TIPS/treasury
inflation protected securities only). Total
desperation by frauds on wall street. One analyst previously pointed out there has been
not one prosecution thus far and the frauds on wall street should be
prosecuted. Analyst Frank Cochrane
looks ahead to 4,000 to 6,000 on the DOW, 700 to 900 on the NASDAQ, and 425 to
625 on the S&P, and says spending/stimulus programs will not work, a point
on which he is correct and the low end of his ranges closer to reality. Indeed, the lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc.- Analyst Andre
Egleshion puts the amount at $600+trillion) have been addressed much
less solved; hence, virtually all problems remain
and there is but an infinitesimally small fraction of the capital and resources
necessary to solve them thanks to fraud, incompetence, lack of
knowledge/ability, greed, etc.. Obama’s Stimulus Not Enough to Avert Biggest GDP Drop
Since 1946
Bloomberg | Obama’s stimulus plan will be
insufficient to avert the biggest U.S. economic decline since 1946 as consumer
spending posts its longest slide on record.
Marc Faber: U S will default on debt or enter hyperinflation YouTube
| Mr. Faber predicts the Zimbabwe model for the United States. Home Prices
Slide 12%, Most on Record, as Foreclosures Drain Value... Deluge of Financial Calamities Looming by Mid-March Retail
sales rebound, jobless claims stay high ABCNEWS:
CATERPILLAR CEO contradicts Obama: 'We're going to have more layoffs before we
start hiring again'... Retail
sales rise unexpectedly (false report) in January Wells
Fargo charge boosts fourth quarter loss (Reuters) Oh
yet another new mortgage plan news is bs purported reason for spurring late
suckers bear market stock rally The Market
and geithner's Empty Suit No Plan SELL/SELL INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE
MUCH, MUCH WORSE TO COME! Previous (2-11-09),
suckers bear market rally into the close based upon the bailout/stimulus fairy
tale. Reality speaks for itself so the
following latest news links (job loss/cut anouncements too numerous for
inclusion and real numbers/data worse than false/gov’t/shill reports)
plus previous 2-10-09 assessment which follows. ‘WORST ECONOMIC COLLAPSE EVER’
In 2009 were
going to see the worst economic collapse ever, the Greatest Depression, says
Gerald Celente, U.S. trend forecaster. He believes its going to be very violent
in the U.S., including there being a tax revolt. This DEPRESSION will last 23-26
YEARS! Government is POWERLESS! We are facing a Depression that will last
23-26 years. The response of government is going to seal our fate because they
cannot learn from the past and will make the same mistakes that every
politician has made before them. Economic Rescue Plan: More Debt,
More Dollar Devaluation And More Government Larry Summers: Fox Guarding The
Henhouse COMEX Crash To Send Gold To $3,000
Gold jumps 3 pct to 6-1/2 mth
high on risk aversion Highest
Unemployment in Three Decades Economic Rescue
Plan: More Debt, More Dollar Devaluation And More Government PAPER:
European banks sitting on $24 trillion of toxic assets... The Day After:
Stocks Struggle to Overcome Geithner's Stumble, RIM's Warning Why Americans Should Care More About the $2-$5T Bailout vs.
the $789B Stimulus Ireland to take control of banks...
Popular Rage Grows
as Global Crisis Worsens Previously
(2-10-09) only modest drop relative to reality as pointed out by analyst Frank Cochrane who looks ahead to 4,000 to
6,000 on the DOW, 700 to 900 on the NASDAQ, and 425 to 625 on the S&P, and
says spending/stimulus programs will not work, a point on which he is correct
and the low end of his ranges closer to reality. There seems near unanimity by astute people in the
know that
timothy (only the little people pay taxes) geithner is just not up to the job.
Indeed, his apparent Freudian slip “arrest it” must have been a manifestation
of his guilt for purposely evading taxes [he still after audit and before confirmation
has not paid the taxes he asserted as time-barred for collection (should have
been arrested)], and then there’s the $4 trillion missing at the New York fed
(and hence his prospective arrest), and now even more obfuscation with regard
to taxpayer funds (possible future arrest?). A career bureaucrat, one
economist/analyst points out that tiny tim geithner is not an economist and his
so-called plan is without a plan yet we’re now talking in trillions. Helicopter
ben bernanke paints realistically bleak outlook [though rosier than reality The Economist, a Widely Respected
and Authoritative Financial/Economic Publication: U.S. In Depression, Not
Recession Video:
Crash Will be Worse than Great Depression Great Recession/Depression of 2008, et seq., Worse Than
All Others IMF warns of Great
Depression Stocks Could Drop 20%, No Safe Haven: Dr. Reality Celente Correctly Predicts
Revolution, Food Riots, Tax Rebellions By 2012 Former chief
economist: U.S. in a depression Merrill Lynch’s Chief Economist: We’re Already In a
Depression Ray Dalio: A Long and
Painful Depression - Barron's Interview
Trendsresearch.com forecast for 2009 , job losses like mad, and don’t believe the
understated unemployment rates] seems
flustered, impotent but really should allow alan greenspan his due for the
current debacle. How about charging,
arresting, and prosecuting the perpetrators of the massive fraud instead of
using taxpayer funds to bail them out (especially since they’re now buying the
fraudulent, worthless securities as well as talking funny books – they already
have the funny money being printed like mad). Especially great opportunity to SELL INTO RALLIES/STRENGTH/TAKE
PROFITS/SELL WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! . UBS cuts jobs after
fourth-quarter loss (Reuters) UBS to slash
more jobs after reporting $7 billion loss Blue Chip
poll cuts forecast for second half 2009 (Reuters) GM
cuts 10000 salaried jobs, trims employees' pay Sirius
preparing possible bankruptcy filing: report Stocks sink over 4 percent on bank plan
apprehension U.S. offers $2 trillion bank plan but
stocks slump GE transport unit to cut or furlough
1,550 workers Asia stocks fall amid skepticism over
US bank plan (AP) $3 trillion! — Senate, Fed, Treasury
attack crisis [$$] Foreclosure 'Tsunami' Hits Mortgage-Servicing
Firms (at The Wall Street Journal Online) Senate Passes $819
Billion Economic Stimulus Bill Bernanke Begins
‘Thorough Review’ of Fed Disclosure Stocks Tumble as
Bailout Plan Is Unveiled Previous (2-9-09), suckers’ bear
market/short-covering rally into the close to end mixed based on continuing bad news including new job cuts/losses including 20,000 from
Nissan, etc., so still great opportunity to SELL/SELL INTO RALLIES/STRENGTH/
TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME! Barron’s: Economist/analyst says depression has long
way to go and lot’s of prospective pain Ray Dalio: A Long and
Painful Depression - Barron's Interview . Analysts
talk up adage, ‘buy on rumor, sell on news’ regarding ie., bailouts, bailouts,
bailouts, with money they don’t have as total now approaches $9.7 trillion
(printing those worthless Weimar dollars like mad, ultimately/inevitably
hyperinflationary), buy gold on dips; short-covering rally via irrational
exuberance induced bailout news, downside volatility, dilution (stock issued
will dilute EPS), stimulus won’t work, lottery stocks (financials) based on
short-term blips based on b.s./bailout news alone. Ray Dalio: A Long and
Painful Depression - Barron's Interview
Financial
plan won't include "bad bank": TV One
in eight lenders may fail, RBC says One
Scary Unemployment Chart Bring back the guillotine… for bankers Geithner says G7 should act ‘promptly’ on economy We’re moving close to ‘a bailout-based economy’ Protectionism, unemployment and riots as the global slump deepens Obama’s Change: Expanding the Power of the NSC and Shadow Government Fitch cuts BofA ratings (at
bizjournals.com) House Appropriations Chairman on Stimulus Waste: 'So What'...
CBO: Stimulus harmful over long haul... LG Elec to cut
$2.2 billion costs as recession bites (Reuters) Previous (2-6-09), suckers’ bear market
rally based on especially bad
news, viz., ‘depression-battered employers eliminated 598,000 jobs in
January, the most since the end of 1974, bringing unemployment rate to 7.6
percent, the grim figures being further proof that the nation's job climate is
deteriorating at an alarming clip with no end in sight.’ Economy so
weak oil demand and price down but oil stocks rallied in the
alice-in-wonderland fraudulent world of wall street. The lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc.- Analyst
Andre Egleshion puts the amount at $600+trillion) have been addressed
much less solved; hence, virtually all problems remain
and there is but an infinitesimally small fraction of the capital and resources
necessary to solve them thanks to fraud, incompetence, lack of
knowledge/ability, greed, etc., so especially great opportunity to SELL/TAKE PROFITS SINCE MUCH, MUCH WORSE TO COME! Real Unemployment Figures Double Those Reported By Labor
Department Paul Joseph Watson | 7.6% is
actually over 15% - just 9% shy of figure at height of great depression. Financial Coup d’Etat Rep. Kanjorski: $550 Billion
Disappeared in “Electronic Run On the Banks” U.S. job losses accelerate Fed's Yellen sees dynamics similar to
Depression Regulators close 3 more U.S. banks Consumer credit falls more than expected
in Dec. Peter Schiff: Stimulus Bill Will Lead to “Unmitigated
Disaster” Nearly 600K jobs lost in Jan.; more pain
ahead Peter Schiff: Why I'm Right About the Substantial
Further Decline and My Critics Are All Wrong There is a
high chance a majority of the States within the United States of America could
file for Chapter 9 bankruptcy. There are currently 46 states with high budget
deficits, Arizona being one of them. The lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution, especially since none of the
real problems (hundreds of trillions of fraudulent/worthless securities, etc.- Analyst Andre Egleshion puts the amount at $600+trillion)
have been addressed much less solved; hence, virtually
all problems remain and there is but an infinitesimally small fraction of the
capital and resources necessary to solve them thanks to fraud, incompetence,
lack of knowledge/ability, greed, etc., so great opportunity to SELL INTO RALLIES/STRENGTH/TAKE PROFITS/SELL WHILE YOU STILL
CAN SINCE MUCH, MUCH WORSE TO COME! Previous
day’s (2-5-09) news as bad, ie., record level monthly unemployment numbers much
worse than expected 626,000, factory orders down, IMF says no breakthrough in
stabilizing financial sector, etc., but irrational exuberance on bailout talk
and prospect of not only funny money but now funny assets with proposed new
accounting rules to hide financial reality (dismal) so great opportunity to SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
U.S. jobless claims
surge in latest week to 626,000 Parallels With the
Great Depression Obama Warns of
‘Catastrophe:’ What Happened to ‘Hope’ and ‘Change?’ NEWS
CORP loses $6.4 billion... ...writedowns GE chief warns on USA depression threat... Watchdog: Treasury overpaid for bank stocks... USA Must Spend Trillions they don’t have to prevent a
long-lasting Depression'... GERMAN BANK FIRST LOSS SINCE WWII OWING TO AMERICAN SECURITIES
FRAUD DEBACLE; REJECTS STATE AID... MCCLATCHY reports loss on newspapers' decline, plans deep cost
cuts... Treasury in plans for record debt sale... Accounting rule change
for more cook the books fraud and bailout hopes spur Wall St. rally New jobless claims surge to 26-year
high Auto suppliers seek rescue as
crisis deepens Art Hogan refers to the prevalence of bailout
rhetoric, financials (among others) under pressure because there have been
twice as many downside surprises on the earnings front with either no guidance
or bad outlook, and cites new trading range for oil at $40 - $50. Kraft, bank
worries knock Wall St; Cisco hit late Cisco
outlook misses expectations
The Bad Bank
Assets Proposal: Even Worse Than You Imagined TIMEWARNER the troubled, horribly managed media company swings to
4Q loss on hefty writedown...
UBS Boosts ‘09 Gold
Forecast to $1,000 One analyst previously pointed out there has been
not one prosecution thus far and the frauds on wall street should be
prosecuted. Indeed, the lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc.- Analyst
Andre Egleshion puts the amount at $600+trillion) have been addressed
much less solved; hence, virtually all problems
remain and there is but an infinitesimally small fraction of the capital and
resources necessary to solve them thanks to fraud, incompetence, lack of
knowledge/ability, greed, etc.. Another Prominent
Economist Forecasts Depression, Says Gold To Hit $2000 Auto
sales hit 27-year low US
auto sales plunge 37 percent to 26-year low Motorola's
woes pile up in $3.6B quarterly loss Disney
1Q profits drop 32 percent; shares slide Wells Fargo
defends, then cancels Vegas junket Electronic
Arts posts wider loss, huge layoffs announced, hurt by charges Fed Secretly
Lends $2 Trillion to Banksters without Oversight JAPAN: “There has never been data this bad for any major economy - even
in the great Depression”; “We are literally looking at the unimaginable” Obama predicts more bank
failures California goes broke, halts $3.5
billion in payments Previous, consumer spending down
(-1%), manufacturing activity down, construction spending down 5.1% and much
worse than expected. Problems ahead for bonds (currency risk, low yield, etc.)
including treasuries (bubble), interest rates prospectively higher, bad real
estate market into 2010 as banks play catch up on foreclosed properties, with
top end getting hit and weaker rental market to boot. “…The United States was in much better shape,
economically, going into the Great Depression than it is now. Prosperity is not coming back to the
U.S. as we know it. We are in a lot
of trouble…”. Personal bankruptcies soar 33% More Economists Say Crisis Is Worse Than Great Depression Steve Watson
| Ominous headlines have prominent analysts spelling out disaster. Macy's cuts 7,000 jobs, slashes dividend Factory
decline, consumer spending drops Morgan
Stanley plans up to 4 percent in job cuts Joint Chiefs chairman calls fiscal calamity a bigger threat than any war WALL
ST ALREADY DOWN 10% FOR YEAR... Folding
dealers shock car buyers with unpaid liens (AP) GlaxoSmithkline to cut
6,000 jobs: report The New Economic
Reality …do not think we should be incurring trillions in debt for an
ill-conceived or even a properly conceived plan. We cannot spend that much. OUR
PROBLEM WAS SPENDING MORE THAN WE MADE SO THE ANSWER CANNOT BE THE GOVERNMENT
ALLOWING US TO SPEND MORE THAN WE MAKE. Joseph Stiglitz, a Nobel laureate, can
tell you better than me, and he thinks we are asking for major problems.
Florida, Maryland, Utah Banks
Seized Amid Deepening Financial Crisis... Worse than the Great Depression Charts Predict: Oil May Whip Back up to $100 Previous session, 31st u.s. bank to fail,
6th this year, Economy's new plunge is
worst in quarter-century (AP) as GDP falls 3.8% defying much worse/higher private/real forecasts/estimates; bad
economy, bad economic data, bad real estate market; defensive non-equity
investing recommended, ie., short-term bonds, single short ETF hedge funds,
etc.. One analyst points out there has been not one prosecution thus far and they
should be prosecuted. Indeed, the lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc.- Analyst
Andre Egleshion puts the amount at $600+trillion) have been addressed
much less solved; hence, virtually all problems
remain and there is but an infinitesimally small fraction of the capital and
resources necessary to solve them thanks to fraud, incompetence, lack of
knowledge/ability, greed, etc.. GDP sees biggest drop in 27
years The Ugly Truth: The American Economy is Not Coming Back Economy, bank
woes drag market to worst January ever Economy's new
plunge is worst in quarter-century Stocks'
January drop isn't welcome sign for 2009 [$$] January Was Dow's
Worst In 113 Years (at The Wall Street Journal Online) Economy's
new plunge is worst in quarter-century (AP) Worst
January ever for Dow, S&P 500 US Stocks Drop, Capping Market’s Worst January, on Economy
Bloomberg US Stocks Off; Financials, Industrials Lead DJIA Under
8000 MarketWatch US
Economy Will Keep Sliding After Shrinking Most Since 1982 U.S. Eyes Two-Part Bailout for
Banks 46 Of 50 States Could File
Bankruptcy In 2009-2010 Economic crisis has put the world “on the road to serious
social instability” Gold rallies 2 pct on haven buying, hits euro high Worst
January on Record for Stocks... Previous session, at least Obama referred to the
outrageousness of the wall street perps/frauds who created the crisis, got
wealthier in so doing at other peoples expense/damage, received taxpayer
bailout funds because of what crimes they did, and now reportedly took huge
bonuses ($18 billion) for failed and fraudulent performance; but if he thinks
shaming them into better behavior is effective, then he is a fool. One analyst points
out there has been not one prosecution thus far and they should be prosecuted.
Indeed, the
lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc.- Analyst
Andre Egleshion puts the amount at $600+trillion) have been addressed
much less solved; hence, virtually all problems
remain and there is but an infinitesimally small fraction of the capital and
resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability,
greed, etc.. All bad news: all-time
record continuing unemployment claims, durable goods orders down more than
expected, new home sales down record levels (-37%), banking system insolvent,
long-term treasuy bubble about to burst, DEPRESSION, etc.; December durable goods
orders declined 2.6%, marking the fifth straight monthly
decline. Excluding transportation, orders were down 3.6%. The drop in
both readings was also steeper than expected. In other economic news, December
new home sales declined more than expected, falling almost 15% from the prior
month. The supply of new homes is at an all-time high of nearly 13 months,
based on the pace of current sales. Demand for new homes remains weak as weak
labor markets limit buyers. Initial jobless claims for the week ended Jan. 24
increased modestly to 588,000, which exceeded the 575,000 claims expected.
Continuing claims climbed to 4.78 million, which is the highest level for
continuing claims in 40 years. More Economists
Say Crisis Is Worse Than Great Depression Steve Watson | Ominous headlines have
prominent analysts spelling out disaster. Jobless Sheep
Fed Reserve Fails to Reflate the US Banking System Signs of deepening economic woes slam
Wall St. Americans receiving jobless benefits hits record... [$$] Ex-Merrill Executives Got Burned
by Madoff (at The Wall Street Journal Online) Disney plans 5 pct job cuts at ABC group US new jobless claims up,continued claims a record Workers receiving unemployment at 25-year
high Obama calls $18B in Wall Street bonuses 'shameful’ –
Is that it? Is that all there is? What about illegal as the perpetrators of the
massive fraud receive taxpayer bailout funds …for their bonuses.' Japanese output falls at record pace Ford posts $14.6B 2008 loss, near $6
billion loss for quarter, still won't seek aid Merrill Lynch’s Chief Economist:
We’re Already In a Depression Stocks Could Drop 20%, No Safe Haven: Dr. Reality MURDOCH:
Crisis Worsening, 'Drastic Action' Needed... Stiffed: Why are
bailed-out banks helping Pfizer buy Wyeth? Previous, suckers’ bear market ralley based
on b**l s**t alone, viz., the now fabled big bad wolf bank to eat all the
so-called toxic debt at taxpayer expense (for the
economy- what a fairy tale),
etc., so especially great
opportunity to SELL/SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU
STILL CAN SINCE MUCH, MUCH WORSE TO COME! All bad news continues: Boeing to cut
10,000 jobs, AOL 700, Starbucks 6,700 , and on and on, the list is long,
continues, and is growing, Warning over collapse in capital flows Telegraph | The world
economy will shrink this year for the first time since the Second World War,
warns the gloomiest forecast yet delivered by a major international
institutional. MERRILL LYNCH’S CHIEF ECONOMIST:
WE’RE ALREADY IN A DEPRESSION Stocks Could Drop 20%, No Safe
Haven: Dr. Reality World growth ‘worst for 60 years’ Mass layoffs surge in 2008, continue at
rapid pace (AP)
'American consumer can no longer act as motor of global
economy'... Analyst Ciovacco
sums it up thusly: …We have seen many of these bailout
inspired "feel good" days during the bear market. The market cheered
the bailout out of Bear Sterns, only to retrace all the gains while moving to
lower lows. When Fannie and Freddie were bailed out by you and me (taxpayers),
the market "felt good" only to move on to lower lows and more losses.
When AIG was bailout out by - you guessed it, you and me, it was seen as a
positive. Stocks went on to make new lows. TARP was hailed by the markets as the
answer to all our problems - stocks moved higher in anticipation, then made new
lows. When the formerly "big" three were given government loans, the
market breathed a sigh of relief - then, you guessed it, moved lower.Here we go
again. The “bad bank” is this morning’s feel good story. The futures are higher
on “speculation” the government will set up a bad bank. The problem is a
familiar one for money managers - we do not know what the rules are and how the
"bad bank" will be set up. Will it be good for shareholders in banks?
Will it be bad for shareholders in banks? We are not sure because we have no
details on the latest bailout, only speculation and a few sound bites. The
basic goal of the bad bank according to this morning’s news reports is to
"get lending going again". In an overleveraged world, is more credit
really the answer? I thought too much credit was the problem…Previous, what are they drinking, smoking, snorting on
wall street with suckers’ bear market rally on decisively bad news; viz., consumer confidence at lowest
level ever recorded (37.7) Consumer Confidence
Slides to Record Low in January , 18% plunge in home prices as per highly regarded Case/Shiller Index,
Retail Federation gives bad retail outlook, layoffs du jour galore, etc., and
even as oil plunged on the bad economic data, oil stocks rallied…riiiiight!
What, they worry…hell no…they work for wallstreet/government. They’ll still get
their commissions on the way down and maybe stick you with their over-priced
dogs as well. Same modus operandi as in January et seq, 2008 when they sucked
in the suckers who this time (fool you twice, shame on you) will deserve to be
burned for wall street commissions/ compensation/ bonuses’ sake as in the year
just passed. The lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc.- Analyst
Andre Egleshion puts the amount at $600+trillion) have been addressed
much less solved; hence, virtually all problems remain
and there is but an infinitesimally small fraction of the capital and resources
necessary to solve them thanks to fraud, incompetence, lack of
knowledge/ability, greed, etc., so great opportunity to SELL
INTO RALLIES/STRENGTH/TAKE PROFITS/SELL WHILE YOU STILL CAN SINCE MUCH, MUCH
WORSE TO COME! Bank bailout could
cost $4 trillion CEO
confidence plunges around the globe Consumer
mood at record lows, house prices sag Corning
slashes up to 4,900 jobs to cut costs Moody's
says could cut GE's triple-A credit rating Target
eliminates positions amid weak sales Nation's
economic mood darkens as more jobs vanish S&P
index shows plunge in November home prices Yahoo
posts higher profit but outlook weak Yahoo
suffers 4Q loss, but tops analyst views IBM
quietly cuts thousands of jobs Economy in free
fall in fourth quarter Companies in U.S. to Slash More
Jobs, Business Economists Say military spending is crippling
america Previously, wall street frauds’
nirvana (commissioning a large incline then decline then suckers’ bear market
rally into the close incline) at just a program loop, button push, mouse click
away based on bull s**t alone and ‘Little Shop of Horrors’ viz., wall street vegetables clamoring ‘feed
me, feed me’ with hopes for taxpayer bailout funds and short-covering bear
market rally.. Motek’s experts: One land of
fruits and nuts politician too many for a business hour; there will be no
further comments relative to Frank Motek’s knx1070am caleefornia business hour
inasmuch as the show has become a bit too parochial and limited in scope. 68,000 new job
cuts this day alone. Existing home
sales on foreclosures up 6.5% so new home sellers
rally…riiiight!...Preposterous!...Leading indicators allegedly up .3% on increase in money supply
(hyperinflationary)…Riiiiight! NY
financier arrested in purported $400 million scam Reuters
Job-killing depression racks up more
layoff victims Economy in free
fall in fourth quarter FANNIE to Seek
Up to $16 Billion in Emergency Treasury Aid to Stay Afloat...
Gloom deepens as 75,000
global jobs go... Gold pushes
above $900 in buying spree; Yellow metal posts all-time highs in euro and
sterling... Economy in free
fall in fourth quarter Previous, mixed
finish on relatively light volume defies reality with another near 200 point
swing to the upside on suckers’ bear market rally into the close to keep
suckers suckered on decisively bad news so sell into rallies/strength/take
profits/sell while you still can since much, much worse to come. Motek experts: Art Hogan points to
volatility, lots of headwinds for market, magnitude of the worse than expected
results, doubling underestimated earnings to downside and no guidance
indicative of lack of belief in efficacy of stimulus, and lag effect concerning
stimulus which will help but not soon enough. Investment analyst says P/E
ratios for stocks much too pricey, cite S&P single digits in milder
recessions past hence way over-valued at 15 P/E now.
GE profit
down 44 percent Earnings and depression batter world
stocks Britain officially slips into recession Schlumberger 4Q tumbles; sees rough year ahead Harley to cut 1,100 jobs as 4Q profit falls Xerox 4Q profit plunges, misses Wall Street view (AP) 2009 Heralds “A New Age Of Rebellion” Geithner's failure to pay taxes
completely intentional Misguided Spending Will Only Take Us Deeper Into Depression Poor
earnings, opaque forecasts weigh on stocks (AP) Freddie Mac
to ask for billions more in funds Freddie Mac to
ask government for another $30-$35 billion Brower Piven Encourages Investors Who Have
Losses in Excess of $500,000 From Investment in Bank of America Corporation to
Inquire About the Lead Plaintiff Position in Securities Fraud Class Action
Lawsuit Before the March 23, 2009 (Marketwire) Capital One
results suggest gloomy 2009 for credit card industry Wall Street's
culture of entitlement hard to shake “The stock
market has been bluffing investors for decades. The market's indiscernible
jolts have been particularly pronounced and painful in recent months.” Simon
Maierhofer“Unprecedented” Job Cuts in
Works at World’s Largest Automaker [video] Gold
Surges VIDEO: THE GLOBAL FINANCIAL CRISIS
- Montreal Lecture: The Great Depression of the 21st Century Motek experts: Discuss new unemployment claims at 589,000 match
26 year high, 4.6 million continuing u.e. claims, wall street strategist (actually just another wall street fraud)
thain at last minutes before BofA bailout/takeover does
compensation/bonuses/expenditures and gets axed, all-time low for housing
starts with downsides well into 2010, job losses trend to accelerate well into
second half 2009. Analyst says near term increased uncertainty,
gamble, financials undercapitalized, recommends risk adjusted/barely below
investment grade junk bund funds (high ror) and gold mining etf’s while warning
long-term treasuries to take a hit. Reporter discusses negative I.T./pc market, spending and job cuts and
absence of forward-looking guidance. Worsening signs for Apple with slowdown in
pc sales and reliance on retail/pricing. Currency expert says problems serious, gov’t needs to raise $2 trillion, crowd
out private sector, increase cost of money, fanny/freddy, government replacing
private mortgage lending with negative implications. Frank congratulates Paul
Kangus on Nightly Business Report 30 year anniversary where he began his
business reporting career. Just The Early
Stages of Economic and Financial Collapse Jobless claims
surge, housing starts tumble Back In Reds After Economic Data... Bank results plummet... Angry customer rammed bank with pickup... GOOGLE
PROFIT SLIPS FOR FIRST TIME... MICROSOFT stuns with profit miss, job cuts... Roubini: Banking System is “Bankrupt”, “Effectively
Insolvent” Previous, wall street frauds’ nirvana (commissioning a huge decline
then a huge incline) at just a program loop, button push, mouse click away
based on bull s**t alone and ‘Little (wall street) Shop of Horrors’ viz., wall street vegetables clamoring ‘feed
me, feed me’ with high (what are they smoking, drinking, snorting) hopes for
taxpayer bailout funds and short-covering bear market rally. The lunatic wall street
frauds’ desperation linked to their substantial crimes and booty which must be
disgorged through prosecution, especially since none of the
real problems (hundreds of trillions of fraudulent/worthless securities, etc.)
have been addressed much less solved; hence, virtually
all problems remain and there is but an infinitesimally small fraction of the
capital and resources necessary to solve them thanks to fraud, incompetence,
lack of knowledge/ability, greed, etc., so great opportunity to SELL INTO
RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME. Motek’s experts:
Analyst/options/speculator talks roller coaster ride on wall street regardless
of results, banks still in trouble with dilution via government takeovers,
talks lessons…please, give us a break…, then risky strategies, ie., risky bonds
into riskier equities as if that isn’t that how we got into the continuing
mess. Only-the-little-people-pay-taxes geithner, a co-architect of the current
mess said food lines long and getting longer even as he dodges taxes
(purposefully…after audit and as currently pending appointment, paid back taxes
but scofflawed time-barred taxes owed), while economist says geithner a
scofflaw and stimulus just more pork. Geithner was
“involved in just about every flawed bailout” of the Bush era (On capital hill
they were afraid to ask the question as to where is that missing $4
trillion at he ny federal reserve bank which is defacto complicity) Financial Times editor says
dramatic prospective action will be very unpleasant for shareholders. S&P 500
Q408 Earnings Now Expected to Fall 28.2% Royal Bank of Scotland to Record $41 Billion loss, State Street profits down 71%, Bad
news across the board as Worst Inauguration Day Drop in Dow
Industrial History... Roubini Predicts
U.S. Losses May Reach $3.6 Trillion Prominent
Economist: Crisis Caused By Government Interventions Motek’s experts: Land of fruits
and nuts actor/entertainer/speculator/sometimes economist
Ben Stein [who previously took a page out of GM’s playbook by
lambasting Fortune Magazine (you might recall some two decades ago that Fortune
warned of GM managerial ineptitude to which GM responded with outrage and
withdrew all advertising and revenue to Fortune thereby in retaliation - if
only they had listened) for saying caleefornia is number 1, numero uno ….. as
prospectively worse real estate market in the nation, the same Ben Stein who
poo-pooed Peter Shiff’s correct prediction of market crash, but did correctly state fed policies
hyperinflationary, and also just
criticized Shiff’s recent prognostication ( he previously had to apologize to
Shiff having done wrongly so before- his criticism of Peter Shiff for warning of this debacle
years ago). He throws out a couple of economic terms (demand
pull/cost push inflationary terms) to buttress his criticism of Shiff but he’s
just out to lunch in citing the absence of demand as militating against Shiff’s
inflationary argument since history (and even currently, i.e., zimbabwee) is
replete with examples of low demand and or impoverished nations that have
over-printed their currencies with hyperinflationary results as will occur in
u.s.). Stein should be on the Strip doing stand-up (comedy). He is a joke!] while commenting on the inaugural
address (who cares…what do you expect them to say…all talk is cheap in
fraudulent america particularly) says in need of specifics, says because he
can’t do taxes geithner doesn’t have to, talks gov’t guarantees on loans except
for fraud, bad banks/financials, no bottom. Analyst says things getting worse not better,
bad equity ratios, banks not sufficiently capitalized, unemployment/job losses
yet to hit so worst to come. Economist says recession/depression with 500,000
job losses per month, housing/stock declines, bad bank bailouts with taxpayer
money bad idea/bad deal, hopes on stimulus. Peter Shiff says they buy on rumor and sell on
fact/reality, TARP/government spending the problem, new lows for financials,
eventual dollar collapse, bailing out/subsidizing incompetent high paid
executives, get out of any assets connected to u.s., buy gold. Roubini Predicts
U.S. Losses May Reach $3.6 Trillion Bloomberg | U.S. financial losses from the credit crisis may
reach $3.6 trillion, suggesting the banking system is effectively insolvent. Prominent
Economist: Crisis Caused By Government Interventions Steve Watson | People who created the problem are now in charge. Previously, a big suckers’ depression era rally of near
200 points into the close to keep suckers sucked in while churning and earning
those commission dollars on decisively bad news (ie., circuit city
liquidates/sheds 30,000 jobs, more job cut announcements, manufacturing down
2%, cpi down .7% on lower gas/oil prices but watch for inevitable hyperinflationary
effect of worthless Weimar dollars they’re printing like mad, Citigroup -- after suffering a loss of
$8.29 billion, its fifth straight quarterly deficit -- is reorganizing into
Citicorp and Citi Holdings—what a joke; first will focus on traditional banking
around the world, while the second will hold the company's riskier assets and
tougher-to-manage ventures; Bank of America slides to 4Q loss; gets more ‘down
the rabbit hole’ taxpayer money; how pathetic, unemployment claims at 54,000 for week, 524,000 for prior month, 4.5
million collecting unemployment/64% increase, foreclosures for December up
17%/2nd worst on record and high for ordinarily slow December, etc.), U.S. foreclosure filings in 2008 rose 81% from 2007 , the lunatic wall street
frauds’ desperation linked to their substantial crimes and booty which must be
disgorged through prosecution, especially since none of the
real problems (hundreds of trillions of fraudulent/worthless securities, etc.)
have been addressed much less solved; hence, virtually
all problems remain and there is but an infinitesimally small fraction of the
capital and resources necessary to solve them thanks to fraud, incompetence,
lack of knowledge/ability, greed, etc., so SELL INTO
RALLIES/STRENGTH/TAKE PROFITS/SELL WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE
TO COME. Retail sales much worse than expected -2.7% and double (100% worse)
expected decline with financial sector usual suspects providing other dose of
bad news, along with beige book which cites weakness in all districts. Job
cuts, job cuts, job cuts, and Jobs cut work schedule with medical leave till
June, 2009. Oil inventories up however since economy is so bad demand has
substantially weakened. What usually either way would have derailed
prospective nominees in past, viz., illegal nannies, failure to pay taxes,
etc., has rallied defense of geithner TAX
MESS: Panel delays hearing on Obama's Treasury choice... , the new york fed man ( Fed Mob Boss Geithner’s Confirmation Sidelined - too n.y. jewish to fail or be held
accountable, in fairness there’s also trump and alito, and bush and clinton,
etc., all of whom seem impervious to the laws and rules of civilized
governance; owe, oh! how the mighty have fallen, including meaningfully lawless
america). Given the state of the nation, who can rationally defend those
experienced with having caused the crisis in the first instance (there is the
matter of course of campaign finance bribery). HOW ABOUT ASKING
GEITHNER ABOUT THE MISSING $4 TRILLION AT N.Y. FED BANK, WHO STOLE IT, ETC., AS
A PRE-CONDITION TO HIM EVEN BEING CONSIDERED! THROW THEM, THE FED, WALL STREET FRAUDS,
ETC., IN GITMO; THEY’RE CERTAINLY ECONOMIC TERRORISTS, FRAUDS, THIEVES WHO’VE
DONE FAR GREATER DAMAGE TO AMERICA THAN ALL AMERICA’S ENEMIES COMBINED. Typical wall
street jew madoff will just have to suffer his bail days in his $7.5 million
n.y. penthouse apartment. $700-Billion Bailout Lacks Transparency, Accountability,
Congressional Panel Says Motek’s (Frank still out but returns on Monday, but will
his program still be there after decimating week) experts: Senile Wedbush from
the land of fruits and nuts to his credit refers to the extent financial
scenario by the “D” for Depression word (he very well may have been around to
have experienced the first Great Depression) and borrows refrain from old
Springfield song of ‘ Wishin’ and Hopin’ ’…riiiight…Start your own company,
ie., apple stands (candy, caramel, or plain); land of fruits and nuts better
stick with a taco or tamale stand; hot dog stands…riiiiight! (Previous) Hugh
Johnson says earnings recession and lots of going out of business signs. Retail
analyst says lots of bankruptcy filings and store closures particularly in
select regional/female apparel/jewelry. Hugh Johnson, analyst, says Alcoa much
worse than expected a wake up call, earnings below expectations, widespread
downturn but much more difficult to forecast than ever (welcomed obfuscation so
they can talk the talk and sucker you), oil speculators still in play, bailouts
old news but enormous deficits/problems therefrom. Investors Business Daily
editor, spend and cut taxes, TARP money not enough, $485.2 record deficit,
deficits will continue to grow, will catch up to u.s., long term better…riiiiight…how ‘bout in long
term as per keynes we’ll all be dead…if you’d have listened to equities
oriented IBD you’d probably be broke by now even if you were as they seem to
presume a trader. Analyst Gabriel
Isdumb says eventually things will be better…yeah…riiiiight!…right after the
depression has run it’s course. Autonation expert says the worst conditions he’s ever seen which he
further describes as appalling. All news bad and worse than expected (ie.,
Alcoa, Citi which received $45 billion in bailout funds and lost $20 billion,
etc.). Former chief economist: U.S. in a depression The U.S. Economy is being
Marched to the Gallows Andrew Hughes | Predictions of
hyperinflation, dollar decline and civil unrest. No Brainer: Bankster Bailout is
Unconstitutional Kurt Nimmo | A world system of
financial control in private hands will begin the process of delivering
feudalism to the American people. The Economy Is in a Depression The economy contracted at about a 5% annual rate in the fourth
quarter. Bank of America to receive
additional $20 billion International Herald Tribune | The second lifeline
brings the government’s total stake in Bank of America to $45 billion and makes
it the bank’s largest shareholder, with a stake of about 6 percent. Counterfeiting? Bank of England
able to print money without having legally to declare it Bank of America to Get Billions
More From Treasury Washington Post | The Treasury Department
plans to invest billions of dollars in Bank of America to help the company
absorb troubled investment bank Merrill Lynch. Citigroup -- after suffering a loss of
$8.29 billion, its fifth straight quarterly deficit -- is reorganizing into
Citicorp and Citi Holdings. The first will focus on traditional banking around
the world, while the second will hold the company's riskier assets and
tougher-to-manage ventures. Bank of America slides to 4Q loss; gets more ‘down
the rabbit hole’ taxpayer money. Bernanke: U.S. Financial Crisis Worse than Japan’s Lost
Decade, but We’ll Still Copy the Japanese Playbook, Even Though It Didn’t Work Nortel
files for bankruptcy, shares plunge , (Reuters) $700-Billion
Bailout Lacks Transparency, Accountability, Congressional Panel Says U.S. Retail Sales
Decline for a Sixth Month Dismal
holidays over, but retail outlook still dim , CITIGROUP Stock Falls
Below Critical $5 Level... 'Long-term
transformation'... 'Swift decline in America's influence'... Stocks
tumble as worries grow about banks... JPMorgan
CEO predicts bleak year: report (Reuters) JPMorgan's
chief executive predicts that the financial crisis will worsen this year, in an
interview with the Financial Times newspaper published on Thursday. Sen Dorgan: Federal Reserve Refuses To Identify Recipients
Of 2 Trillion In Emergency Loans Throw them, the fed, in
gitmo; they’re certainly economic terrorists, frauds, thieves who’ve done far
greater damage to america than all america’s enemies combined. Our
Collapsing Economy According to the Bureau of Labor
Statistics, nonfarm payroll employment declined by 3,445,000 from December 2007
through December 2008. Marc Faber: “I Think it Might Be Far Worse [Than the Great
Depression] Precisely Because of the Interventions” by the Government The
latest edition of Marc Faber’s latest newsletter fell off two separate trucks
in my ‘hood, and I thought the most useful bits were Faber’s observations
(honed from many years of seeing the world from Asia) that just because a
market has gone down a ton doesn’t mean it can’t go down a great deal further. U.S. Economy May Shrink 1.5% in 2009 as Depression Stymies
Fed Economists slashed forecasts for U.S. growth in 2009 and
projected Federal Reserve policy makers won’t be able to start raising interest
rates until 2010, according to a monthly Bloomberg News survey Treasury: Deficit
hits new record in just 3 months... TREASURY PICK FAILED TO PAY TAXES Bond
Bubble Looms ‘The key
here is to stay the course and not to be sucked into the hype; don’t let your
eyes deceive you. Printing money non-stop for a year (or longer, I don’t see
him stopping any time soon) will have
consequences (meaning hyperinflation/worthless dollar, etc.).’ Those commerce department job numbers in prior months
revised upwards (I warned of the falsity of same even as wall street frauds
rallied on the false data). 2.6 million jobs lost in 2008, worst since 1945. Motek’s experts: Financial analyst says treasuries at 0%,
money markets near 0%, so seek companies with pristine balance sheets and
dividends, negative doldrums as market (irrationally) shrugs off bad news, no
magic wand from new president, cross your fingers and hope…..riiiiight!
Economist discusses jobs report, says lagging indicator and rough time, savings
up but spending down, weakness through at least first quarter of 2010, lots of
pain ahead, real estate prices continue decline through coming year, -20% to –25% with land of fruits and nuts in
worst case scenario. Another economist also discusses continued declines for
real estate with land of fruits and nuts in worst case camp, foreclosures a lot
higher with peak at 20%, and cites (probable) decade long stagnation as Japan
in ‘90’s. US Debt is really 53 Trillion. Can you say Dollar Collapse
then Massive Hyperinflation Coming? Roubini
Joins Faber and Rogers in Saying Bubble in Treasuries Will Likely Burst Now the U.S. porn industry seeks $5billion bailout
Citi, Morgan Stanley in brokerage talks;
Rubin quits $$] Rubin Departs Citi on a Low Note
(at The Wall Street Journal Online)
Agency warns on automakers' pension
funds: report Jobless rate at 16-year high as payrolls
plunge Job losses hit 2.6 million as layoff pain
deepens Wall Street falls on job woes, Citi Stocks slide after rise in unemployment rate (AP) Manufacturing slumps at fastest
pace since 1981 More people collecting
unemployment benefits Depression more severe than thought: Fed’s Rosengren Horrible data and again worse
than expected but suckers’ bear market rally into the close based on bull s**t
and bailouts (with money they don’t have) provides excuse for irrational
exuberance and mixed close. Weak retail and
unemployment at 26 year high.Motek’s
experts: Analyst points to dire warnings across the board while real
estate/housing/building analyst says 2009 will be bad year with 20% declines in
real estate values as unemployment goes higher while another real estate
analyst says not a good time to buy a home. U.S. companies
face $409 billion pension deficit: study U.S. debt is
losing its appeal in China LET'S PRINT MORE WORTHLESS
MONEY! Obama Bets Big on
Big Government... Dems Raise
Doubts on Plan... A worse-than-expected ADP employment report indicated 693,000 jobs
were lost in December far above the expected 493,000 and a warning from Intel (INTC 14.44, -0.93) underpinned early
weakness with typical suckers’ rally into the close to finish off lows. Motek’s experts: Analyst says first 5
days of trading in January, 2009 historically a bad sign, gloomy employment
scenario with 693,000 jobs lost in December, economic contraction in major way
coupled with poor earnings, 1.2 trillion budget deficit at 6.8% of GDP or worse
so tough to make bull case, defensive position, low allocation to equities with
high capitalization/consumer staples. Oil analyst points to weak economy/jobs
data, absence of leveraged money chasing oil and says $60 oil soon. Economist,
part of the corrupt fed team discusses job losses. Final expert discusses
demographic trends behind and causative of cycles as 1929, 1968, and now, baby
boomers, bleak outlook, economically shot their wad in terms of ability to
avoid depression. Analyst
Predicts 40% Unemployment, No Recovery until 2015 Bear rally over, the great dying begins in
corporate America Wall Street
falls sharply on employment realities, realistically bleak corporate outlooks Budget deficit to hit $1.2 trillion in
fiscal 2009 Intel warns second time on quarter U.S. says Madoff sent diamonds in
violation of bail Profit warnings, poor job outlook weigh on
stocks (AP) Yes, fed now using the ‘D’ for depression
word which means we’re in a depression (after all, they were saying no
recession when we were already in one). What are they still
drinking, smoking, snorting on wall street with suckers’ bear market rally into
the close. They’ll still get their commissions on the way down and maybe stick
you with their over-priced dogs as well. Same modus operandi as in January et
seq, 2008 when they sucked in the suckers who this time (fool you twice, shame
on you) will deserve to be burned for wall street commissions/compensation/
bonuses’ sake as in the year just passed. Service sector
(90% of american economy, viz., bull s**t), factory orders, pending home sales down (worst on
record) and much worse than expected. Some reality: After a short modest rally in
the stock markets, lasting at best if at all, 1 to 4 months after Obama is
inaugurated as President, people will realize that Obama’s stimulus plan isn’t
going to work. Specifically, it will become obvious that we’re in a Great
Depression, and that nothing that Bushco or Obamaco did can get us out of it
(it may take a while longer for people to realize that what both
administrations did actually made the financial crisis much worse). At that point, the
stock market will crash like a waterfall. Mish thinks the crash will leave the S&P at 600.
Robert McHugh thinks the crash will drive the S&P to 500 or
lower (in McHugh’s worst-case scenario, the S&P could end up at 50). At
around the time of the crash, the bubble in long-term treasuries will burst.
Retirees and other people who have socked away their money in treasuries will
get hit hard. The government itself will start massively buying its own
long-term treasuries. Motek’s experts: Art
Hogan in straight-shootin’ mode (as opposed to wall street shill mode) focuses
(but only briefly) on fed’s depression/deflation words, says quite correctly
that the focus has been on the cure (ie., bailouts) rather than the illness,
lots of badnews, dismal earnings, etc., only slightly better at best in second
half (I don’t think so), stay away from consumer discretionary cos., metals
higher, market may be higher at year end (not likely), but rocky road till then
(and beyond). Financial times editor says shocked by fed’s 0% move, very scary
scenario, the specter of depression/deflation looms large, much too much
optimism over Obama prospective stimulus plan. Economy in grip of recession/depression, reports show Stocks
end higher on hopes for economic rebound
Alcoa to cut 13 pct of global work force The Secular Bear Market Continues Willem Buiter warns of massive dollar collapse Bank Of England Policymaker Predicts Unprecedented Dollar
Collapse Car
sales plunge heralding bleak 2009 but car stocks rally; construction
numbers down but building stocks rally. Will We Have a Good 2009? Not If History Is Any Guide Stocks slip on telecom and financials; Apple jumps on
‘jobs alive’ news…riiiiight!
Obama
plunges into econ talks, borrows a page from bush economic strategy of spending
money you don’t have and cutting taxes, and predicts approval Consumer bankruptcies jumped 33% in 2008 and much worse expected
in 2009 including commercial bankruptcies far greater and larger than in 2008 [$$] Don't Get Too Happy About the New Year Check This Graph-Proof we are going into a Great
Depression. Notice MASSIVE job losses. Is there really any doubt any longer?
The Economist, a Widely Respected and Authoritative
Financial/Economic Publication: U.S. In Depression, Not Recession Don’t
forget their 2008 talk as now for 2009. The lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc.) have been addressed much less solved;
hence, virtually all problems remain and there is but
an infinitesimally small fraction of the capital and resources necessary to
solve them thanks to fraud, incompetence, lack of knowledge/ability, greed,
etc., so great
opportunity to SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN
SINCE MUCH, MUCH WORSE TO COME. More dismal news for lunatics on wall
street to fraud on: ISM factory utilization index fell to the lowest level in
over 28 years. Factories
mired in worst slump in 28 years
They’re printing worthless Weimar dollars like mad for the celebrated
bailouts, bailouts, bailouts, and stimulus so stimulating. Motek’s experts:
First expert talks up superstition, the so called ‘january effect’ saying if
positive this month then the worst case scenario is –5% for DOW/S&P for the
year, so the frauds on wall street are really shootin’ for the moon (lunatics)
for the effect, still in recession but bear market rallies not bad but not for
buy and hold crowd, dump non-performers, favors medical devices/health care
related, disfavors autos/financials. Another expert who scans/digests
newsletters says market/newsletter euphoria contra-indicated, new lows are
coming, the best funds in 2008 were short or cash. News typically
bad: Difficulty tracking and monitoring bailout money…Daaaaah! Understated
unemployment numbers still at recession/depression levels (4.65 million);
retail correction-bankruptcies, closings, fewer stores. Motek’s experts:
Peter Shiff says it’s not the disease but the government cure that will kill
us, dire forecast for 2009 and beyond-inflation, companies going out of
business, commodity prices higher, world’s largest debtor america is bankrupt,
more borrowing/spending their failed prescription, bleak picture for dollar the
value of which will be halved and high probability that the decline will be
70-90%, gold higher and $2000 gold in not so distant future, oil much higher
and $200 oil in next couple of years, stocks will continue to decline, on the
long side he favors quality EU, Asia securities and precious metals
particularly monetary metals gold, silver. Oil analyst says
oil too cheap, geopolitical factors, (israel war mongering, war crimes, etc.;
Russia/Ukraine dispute-cut gas supplies affecting Europe), oil to $60-70 rather
quickly, gasoline demand anemic but oil price the factor. It’s time for
ben stein to resign himself to just a land of fruits and nuts
actor/entertainer/speculator as he lambasts Shiff’s prognostication ( he
previously had to apologize to Shiff having done wrongly so before- his criticism of Peter
Shiff for warning of this debacle years ago). He throws out a couple of
economic terms (demand pull/cost push inflationary terms) to buttress his
criticism of Shiff but he’s just out to lunch in citing the absence of demand
as militating against Shiff’s inflationary argument since history (and even
currently, i.e., zimbabwee) is replete with examples of low demand and or
impoverished nations that have over-printed their currencies with
hyperinflationary results as will occur in u.s.). Stein should be on the Strip
doing stand-up (comedy). He is a joke! Suckers' bear
market rally into the close to keep the suckers suckered on NEWS MUCH WORSE
THAN ALREADY DISMAL EXPECTATIONS ACROSS THE BOARD: S&P/Case-Shiller Composite Index,
October home prices were down 18% year-over-year, the largest drop on record.
According to the U.S. Conference Board, consumer confidence dropped more than
expected to an all-time low in December AT 38%. Record number of bankruptcies
and particulary hard hit commercial sector in coming year, ie., malls, retail,
etc.. Worse stock market declines for the year since 1931 (Great Depression)
and worse to come in 2009 despite suckers’ bear market rallies to keep you
sucked in. Put these wall street frauds in jail and force disgorgement of their
fraudulent gains. There are loads of able new grads and job seekers who can
take the place of the wall street frauds who caused the crisis owing to their
own avarice and continue the coverup to get taxpayer bailout funds. The markets
should be efficient and predicated on rational valuation which is totally
absent in america’s fraudulent, manipulated markets. Absent prosecution and
disgorgement in these ongoing multi-trillion dollar fraud schemes (new ponzi
scheme uncovered in addition to madoff, which are just tips of the iceberg of
multi-trillion dollar frauds), america will not be worth the paper the
worthless Weimar dollars and worthless securities denominated in same are
printed on. Non-Motek expert: markets
to fall into 2010 or worse case, later. Motek experts: They discuss dismal news, for year DOW-35%,
NASDAQ-42%, S&P-40%, $7-10 trillion in wealth destroyed, second-half
inflation from printing worthless Weimar dollars/stagflation; another expert, consumer
has collapsed, 2009 will be very tough year for autos; a real estate analyst
says 2009 will be a very tough year and hopefully we’ll get through
this…..riiiiight!…I don’t think so…Almost one in 10 Floridians are on food stamps Online
holiday sales fall 3 percent Madoff liquidation trustee receives $28M for costs (AP) Charlotte, NC, home values post record decline (AP) Wrong Great Depression Lessons Will Haunt Equities in 2009 73,000 retailers to close in first half of 2009, Stocks
Rally Bloomberg | U.S. retailers face a wave of store closings, bankruptcies and
takeovers starting next month as holiday sales are shaping up to be the worst
in 40 years There’s No
Pain-Free Cure for Recession/Depression Schiff: Government Interference Only Makes The Problem
Worse Paul Joseph Watson | Establishment talking heads still pushing useless
and destructive bailout. A Ponzi Scheme
Within A Ponzi Scheme Bob Chapman | Dwarfing the Madoff Ponzi scheme is the Social Security Ponzi scheme
that has been looted (the iou’s) and is hopelessly insolvent. This on top of
previous suckers' bear market rally into the close with 100+ point swing to the
upside to keep the suckers suckered. Time for prosecutions of and disgorgement
of ill-gotten multi-trillion dollar gains from the frauds on wall street;
madoff is just the tip of the iceberg; all news
decisively bad and worse than even dismal expectations except that the frauds
on wall street continue their familiar suckers cheer for bailouts, bailouts,
bailouts so SELL INTO STRENGTH/TAKE PROFITS/SELL! Motek
experts: At best, bear market rally, his accounts 20-25% cash, can make bearish
argument since still looking at writeoffs, government still must sell bonds to
help finance bailouts, municipal bonds troublesome as iou’s might extend
maturities, don’t try to catch falling knife in this market but some high
quality bonds may offer value, dollar to take hit (they’re printing worthless
weimar dollars like mad-hyper-inflationary); Oil expert says overshot to
downside and will see turn-around in oil; U.N. Security Council condemns
massacre by zionist israel. Pros Say: Employment Collapse is Coming Holiday Sales Slump to Force U.S. Store Closings,
Bankruptcies Manufacturing,
Home Prices Sank: U.S. Economy Preview Holiday Sales Tumble as US Consumers Reduce Luxury
Purchases Bleak economic picture emerges from new data Retail
Sales Plummet Holiday Sales Tumble as US
Consumers Reduce Luxury Purchases Bleak economic picture emerges from new data The frauds
on wall street say they are entitled to the obligatory santa claus rally and
attempt to keep you suckered in for their commissions sake with small gains on
bull s**t/fraud alone in holiday shortened light trading, but reality says
every day the market’s above 2,000-5,000 on the DOW, 1,000-1,300 on the NASDAQ,
and 500-600 on the S&P is a ‘santa clause rally, so SELL INTO
STRENGTH/TAKE PROFITS/SELL as all news decisively bad and worse than
even dismal expectations except that the frauds on wall street continue their
familiar suckers cheer for bailouts, bailouts, bailouts, with ephemeral
short-covering to lock in year-end gains for window dressing and much, much
worse to come. Unemployment up more than
expected at 26 year high and consumer spending down for
fifth month in a row. In their typically corrupt way, scandal-scarred commerce
department provides fake data for b.s. talking points far better than private
economist estimates but still decline of 1% in durable goods new orders. Oil's slide came in the face of a surprise
inventory draw, which suggests stronger-than-expected demand for the commodity
as Department of Energy reported that oil inventories for the week ending Dec.
19 decreased by 3.10 million barrels. Analyst:
One Third Of Banks To Collapse In 2009 U.S. Economy: Home Prices Fall At Depression Pace Recession/depression deepens, countries boost spending Previously, just
modest losses relative to reality so SELL INTO
STRENGTH/TAKE PROFITS/SELL as all news decisively bad and worse than
even dismal expectations except that the frauds on wall street continue their
familiar suckers cheer for bailouts, bailouts, bailouts, with much, much worse
to come. Existing
home sales plunged to a rate of 4.49 million last month, down 8.6 percent from
October, and worse than economists predicted. Total sales, not calculated as an
annual rate, fell 17 percent in November from a year earlier to 322,000, sales
of newly built homes fell 2.9 percent from October to a pace of 407,000 units,
the slowest rate in nearly 18 years. Madoff investor found dead of suicide.
Standard & Poor's lowered the unsecured debt rating of General Motors (GM 3.01, -0.51) to C from CC, even
though the government plans to provide GM with financing and Moody's lowered Ford's (F 2.19, -0.40) credit rating to Caa3.
Final third quarter GDP data showed economy contracted at an annualized rate of
0.5%, unchanged from the prior reading though personal consumption component
was down 3.8%. Motek’s experts: actor/speculator/entertainer/sometimes
economist Ben Stein takes a page out of GM’s playbook by lambasting Fortune
Magazine (you might recall some two decades ago that Fortune warned of GM
managerial ineptitude to which GM responded with outrage and withdrew all
advertising and revenue to Fortune thereby in retaliation - if only they had
listened) for saying caleefornia is number 1, numero uno ….. as prospectively
worse real estate market in the nation, the same Ben Stein who poo-pooed Peter
Shiff’s correct prediction of market crash, but does correctly state fed policies
hyperinflationary; LA economist jumps on the Ben Stein out-to-lunch bandwagon
and says only 10%, not 25% (as
consensus predicts), decline for caleefornia…..riiiiight…..take that to the
bank; broad donates to MOCA; show biz expert- strike fear; and Shreve of IBD
flips yet again-if only we were all traders…but if you had followed his every
whim, only the frauds on wall street would have made out with substantial
commissions in the ups/downs. IMF warns of Great
Depression 100% chance of depression in US Depression Hits Detroit: Average home price $18,513 -
Unemployment rate 21% U.S. Home Resales Fall; Prices Drop by Record 13.2%
Congressman: “If We’re Not Very Lucky Or If We Don’t Do
Everything Right, We Could Easily Have A Ten- Or Fifteen-Year Depression”
World faces “total” financial meltdown: Bank of Spain chief
Previous suckers
bear market rally into the close with 150 point swing to the upside based on
bull s**t and fraud in the inducement alone to keep the suckers sucked in and
commission dollars flowing for modest losses relative to reality so SELL INTO
STRENGTH/TAKE PROFITS/SELL as all news decisively bad and worse than
even dismal expectations except that the frauds on wall street do their
familiar suckers cheer for bailouts, bailouts, bailouts, with much, much worse
to come. Motek’s
experts:Economist says economy in full-out recession, aggregate demand down across
the board, abusers are not lubrication for economy so should not get bailout,
another 25% down for real estate prices as foreclosures also will continue but
lower prices will eventually stimulate demand, fed focused now on long-rates,
cites housing/finance/consumer debacles and no recovery till at least into 2010
at best (I don’t think so); oil expert says contract now February delivery on
expiration of January contract and flood of selling on expiring contract
temporarily depressed prices, oil more expensive in future, discusses boom/bust
cycle (we’re in the bust part); another cites high redefault rate on modified
mortgages and more foreclosures; auto analyst points to Toyota showing first
loss since 1941 inception, global downturn with no nation spared, reckoning for
15-20 years of bad decision-making, 2009 very grim, 2010 at best for even
minimal improvement (I don’t think so); Online e-commerce expert cites first
flat to down year of online retail sales growth; downgrades GM, american
Express, Ford, etc.. World faces “total” financial meltdown: Bank of Spain chief
Housing
crisis worsens as economy weakens
Japan recession deepens, China cuts rates Great Recession/Depression of 2008, et seq., Worse Than All
Others
AP Impact: Wall Street still flying
corporate jets; indeed, with all the bashing of auto rank and file employee
pay, the reality is that american executives, among the least able, least
talented in the world, along with fraudulent wall street are grossly overpaid
and far exceeding that of their far more able foreign counterparts (AP) Where'd the bailout money go? Shhhh,
it's a secret (AP) Housing
crisis worsens as economy weakens
Ratings Agencies Play Reality With Multiple Downgrades in
Banking Sector (at Seeking Alpha) Previous mixed to modest losses
relative to reality so sell into strength/take profits/sell as all news
decisively bad and worse than even dismal expectations except that the frauds
on wall street do their familiar suckers cheer for bailouts, bailouts,
bailouts. Motek’s analyst/options expert predicts controlled bankruptcy for at least
GM (maybe more), cites Fitch downgrade of GM’s credit/default rating and says
GM within weeks of default. Oil analyst cites recession, week demand,
over-supply also stating storage facilities full and resorting to offshore
tankers to store excess oil. Media analyst says economic model for
newspaper/media business broken. Rogers: The Incompetent Senile and Vegetables Have Turned A
Recession Into A Depression He Saw the Crash Coming: What Gary Shilling Sees for 2009 Yes, Shilling’s
using the d for depression word so If
video unavailable,
here for avi rendering SCROOGE
BIDEN: ECONOMY IS 'ABSOLUTELY TANKING' Previously, recession/depression level
554,000 new unemployment claims (I’m sure in reality, far worse but still bad)
pre-Christmas so wait till the post-Christmas numbers are out – nowhere to hide
those but they’ll try. Motek scraping bottom of barrel for second
day in a row and comes up with another land-of-fruits-and-nuts man, the senile
wedbush who discusses his comrade madeoff with other peoples money, poo-poos
the purported amount, says market not doing badly considering the dismal news
(at least he is lucid enough to realize dismal - market should be between 2,000
to 5,000 on the DOW, 500-600 on S&P, 1,100 to 1,300 on NASDAQ based upon
the dismal but real and probably far worse than reported data) and points to
auto scenario, oil plunge, and madoff fraud for doldrums. Oil analyst says
pressure on commodities generally, liquidation on expiration of January (2009)
oil contracts and liquidation of positions, but February (2009) contracts back
to $40+ rather quickly, and points to decreased current and prospective
refinery capacity on thin to low margins.
A Most Desperate
Move by the Fed Dollar’s Slump Erases Months Of Solid Gains “The Biggest Bubble Of All . . . U.S. Government Debt” Video: Crash Will be Worse than Great Depression Editorial: What ails global financial system ‘The $50 billion investment fraud to which
the respected New York financier and former NASDAQ Chairman Bernard L. Madoff
has allegedly confessed, may prove to be the paradigm for all that has gone
wrong with the international financial system. It points up the greed,
incompetence and woeful wishful thinking that have all combined to produce
economic meltdown and plunge the world into recession. Most staggering is the
stupidity of both regulators (and government corruption/venality vis-à-vis wall
street) and professional investors in failing to spot that for at least a
decade, at the heart of his hedge fund operations, Madoff was running a pyramid
scheme. This relied on new investment funds to pay out market-beating returns
to existing investors…..’ THIS IS
WALL STREET EVERY DAY WITH THEIR EATING AWAY AT OTHER PEOPLES MONEY TO THE TUNE
OF HUNDREDS OF MILLIONS OF DOLLARS A DAY (BILLIONS A YEAR AND NOW BILLIONS IN
TAXPAYER BAILOUT FUNDS FOR THEIR FRAUD) BASED ON NOTHING BUT BULL S**T AND
FRAUD! U.S. Records Huge Current Account Deficit Fed unleashes
greatest bubble of all Canadian Prime Minister Stephen Harper believes a
depression is COMING Peter
Schiff new VIDEO on the Coming Collapse Dec 16 Swiss gold bullion in huge demand as trust in banks dives
Goldmine
Sachs: Bank’s bonuses cut to a ‘mere’ £142,000 EACH Investment bank
/taxpayer bailout funds recipient Goldman Sachs is to pay £4.3billion in
bonuses to its City workers. Dollar Falls Most Against Euro Since 1999 Debut on Fed’s
Rate Dollar Declines to 13-Year Low Against Yen After Fed Rate
Cut Federal
spending soars 25% -- even before bailout... Previous, building permits declining 15.6% to a
seasonally adjusted annual rate of 616,000 (below the consensus of 700,000), housing starts data for November declined
18.9% from the prior month to an annualized rate of 625,000 units, which was
below the consensus of 736,000 and are 47% below the year-ago level, fed
desperation (they don’t know what they’re doing – remember their pronouncement
-no recession- when we were already in one), Weimar dollar down sharply, Federal Reserve sets stage for Weimar-style
Hyperinflation , etc., so sell into these suckers bear market rallies/strength/take profits
while you can since much, much worse to come. Economist Brusca “the economy is sinking fast”, FOMC states that “data indicate deteriorating labor conditions and
declining consumer spending, business investment, and industrial production,
and the outlook for economic activity has weakened further”, F. William
Engdahl “The US economy is
in a depression free-fall of a scale not seen since the 1930’s”, Kellner cites ‘helicopter ben’ (bernanke), BILLIONS
VANISH IN EPIC HEDGE FUND FRAUD Downturn Spurs “Survival Panic” for Some in the U.S. Motek
Experts: Art Hogan more realistically candid than
usual cites all bad news, very difficult times, near term lows but no recovery
for economy, hope is that second half of 2009 is better than first half (NOT!),
cites lost decade in Japan with 0% interest rates, negative growth through
fourth quarter 2009, longest recession (depression) in modern times, market
hopefully better in second half of 2009 anticipating better 2010 (NOT!),
bottoming of energy/commodities, worth looking at consumer goods/staples
focused on what you need versus what you want; economist points to bankruptcies
up, housing starts down; Zandi of Moody’s
says not getting better but worse, most credit card holders will not benefit
from rate cut; currency expert says interest
rate cuts increasingly irrelevant, fed buying bonds driving asset prices higher
and displacing private sector with prospectively negative results; and
finally, Peter Shiff cites fed action as irresponsible, destroying value of
money, bear market, money not worth anything, negates any rise in paper
dollar-denominated securities (SELL), says buy gold because of u.s.
hyperinflation. Previous, news worse than
bad and to get much worse but full moon manifest on lunatic asylum for the
criminally insane wall street. More banks reveal Madoff exposure The
‘while you can’ part of sell/take profits manifests and will worsen Citadel suspends redemptions from two hedge funds Stupidity not limited to u.s. where fraud is rampant Geneva banks lost more than $4 billon to
Madoff: report This modest retreat and previous suckers
bearmarket rally on bull s**t alone with familiar mantra still ringing today;
viz., everything but the facts: forget
the layoffs Coming soon to U.S., 1 million jobs lost every month: Report , forget the foreclosures Foreclosure
Storm Will Hit US in 2009 as Loan Changes Fail Bloomberg , forget declining retail sales Retail
sales post big drop in November , forget the $1 trillion record budget deficit
, trade deficits, worthless fraudulent securities, lower
earnings/guidance/outlook, the topic (b.s. talking point) de jour for the
lunatic (yes, full moon) frauds on wall street is bailouts, bailouts, bailouts (not to
mention there’s no real money to pay for same – print/create more worthless
Weimar dollars – hyperinflationary Federal Reserve sets stage for Weimar-style
Hyperinflation – even now
despite fake reports and worse to come), and
from well respected wall street fraud madoff, "it's all just one big
lie" and that it was "basically, a giant Ponzi scheme," which is
fraudulent wall street in a nutshell. Madoff fraud case raises questions about SEC
(AP) and even bigger
questions about fraudulent wall street and their washingtonian/federal/state
facilitators. Builders sentiment reading at 9
(anything less than 50 is negative/pessimistic). Motek’s legal expert correctly points to funds problems with meeting
redemptions and paraphrases J.P. Morgan’s immortal words concerning investing
by saying as is particularly relevant now, It’s not return on investment, but
return of investment (that really counts). Banks hit worldwide by US 'fraud'
. How are these frauds not
being prosecuted and forced disgorgement and preposterously getting taxpayer
dollars? Prosecute and throw them in jail and make them cough up their stolen
multi-billion spoils. Not just super rich caught up in $50B Madoff case
.
The previous suckers bear market rally
was/is based on bull s**t alone; namely, now it’s the prospective
bailouts/spending programs with money that does not really exist (print/create
more, borrow more, etc.). 1) Keynesian
economics (government stimulus) does not work when a defacto bankrupt nation
becomes more bankrupt to bailout frauds/perpetrators/creators of the problem
and to create make-shift purported infrastructure jobs to enhance consumption
2) Inherent structural problems, i.e., trade/budget deficits will continue
unabated and in the case of the latter, substantially increase – deeper hole 3)
While spending on infrastructure is warranted, there is no productive
enhancement in economic terms as in less modern times when, i.e., national
highway system, etc., enhanced GDP growth and productivity. US Depression Likely -The Truth Is Here , Coming soon to U.S., 1 million
jobs lost every month: Report , America Has No Means to Recover from a Depression FARRELL’S 15 GHOSTS OF WALLSTREET/ECONOMIC
PAST/PRESENT/FUTURE Home values to lose well over $2 trillion during 2008: Zillow
Homes in the United States have
lost trillions of dollars in value during 2008, with nearly 11.7 million
American households now owing more on their mortgage than their homes are
worth, real estate website Zillow.com said on Monday. (Remember: more contrived wasteful commissions to the wall street
frauds, the level and percentage of which MUST be examined in light of
computerization and decreased costs attendant to same especially since only AN
EXTREMELY Small Fraction Of What wall street Does Is A Net Positive For The
Economy (New Investment Capital via, ie., ipo’S), The Rest Is Tantamount To A (Economically)
"Wasteful Tax" (On The Economy) via 'churn and earn' computerized
programmed trades). Moreover, the
ballooning taxpayer bailout funds for the perpetrators of the massive
securities fraud are actually going toward multibillion dollar bonus/compensation
packages. . How are these frauds not
being prosecuted and forced disgorgement and preposterously getting taxpayer
dollars? The lunatic
wall street frauds’ desperation linked to their substantial crimes and booty
which must be disgorged through prosecution, especially since none of the
real problems (hundreds of trillions of fraudulent/worthless securities, etc.)
have been addressed much less solved; hence, virtually
all problems remain and there is but an infinitesimally small fraction of the
capital and resources necessary to solve them thanks to fraud, incompetence,
lack of knowledge/ability, greed, etc., so SELL INTO RALLIES/STRENGTH/TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME. Renowned economist Mikhail Khazin : U.S. will soon face
second “Great Depression” , IT’S A DEPRESSION , Grantham (who called the bubble) posits… 585 on the S&P 500 (versus
today's frothy 879) There is more hurt in store for the U.S.
equity markets. If you are still thinking of riding this one out, consider
Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of
40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S.
would translate into Dow 2,500. , Billion-Dollar Fund Manager; Gold To Hit
$2,000, Dow To Sink To 5,000 BILLIONS
VANISH IN EPIC HEDGE FUND FRAUD All news worse than bad and to get much worse
but full moon manifest on lunatic asylum for the criminally insane wall street.
More banks reveal Madoff exposure The ‘while you can’ part of sell/take profits
manifests and will worsen Citadel suspends redemptions from two hedge funds Stupidity not
limited to u.s. where fraud is rampant Geneva banks lost more than $4 billon to
Madoff: report This modest retreat and previous suckers
bearmarket rally on bull s**t alone with familiar mantra still ringing today;
viz., everything but the facts: forget
the layoffs Coming soon to U.S., 1 million jobs lost every month:
Report , forget the foreclosures Foreclosure
Storm Will Hit US in 2009 as Loan Changes Fail Bloomberg , forget declining retail
sales Retail
sales post big drop in November , forget the $1 trillion record budget deficit , trade deficits,
worthless fraudulent securities, lower earnings/guidance/outlook, the topic
(b.s. talking point) de jour for the lunatic (yes, full moon) frauds on wall
street is bailouts, bailouts, bailouts (not to mention there’s no real money to
pay for same – print/create more worthless Weimar dollars – hyperinflationary –
even now despite fake reports and worse to come), and from well respected wall
street fraud madoff, "it's
all just one big lie" and that it was "basically, a giant Ponzi
scheme," which is fraudulent wall street in a nutshell. Madoff fraud case raises questions about SEC
(AP) and even bigger questions about
fraudulent wall street and their washingtonian/federal/state facilitators. Builders sentiment reading at 9 (anything less than 50 is
negative/pessimistic). Motek’s legal expert
correctly points to funds problems with meeting redemptions and paraphrases J.P.
Morgan’s immortal words concerning investing by saying as is particularly
relevant now, It’s not return on investment, but return of investment (that
really counts). Banks hit worldwide by US 'fraud'
. How are these frauds not
being prosecuted and forced disgorgement and preposterously getting taxpayer
dollars? Prosecute and throw them in jail and make them cough up their stolen
multi-billion spoils. Not just super rich caught up in $50B Madoff case
. The previous suckers bear market rally was/is based on
bull s**t alone; namely, now it’s the prospective bailouts/spending programs
with money that does not really exist (print/create more, borrow more, etc.). 1) Keynesian
economics (government stimulus) does not work when a defacto bankrupt nation
becomes more bankrupt to bailout frauds/perpetrators/creators of the problem
and to create make-shift purported infrastructure jobs to enhance consumption
2) Inherent structural problems, i.e., trade/budget deficits will continue
unabated and in the case of the latter, substantially increase – deeper hole 3)
While spending on infrastructure is warranted, there is no productive
enhancement in economic terms as in less modern times when, i.e., national
highway system, etc., enhanced GDP growth and productivity. US Depression Likely -The Truth Is Here , Coming soon to U.S., 1 million
jobs lost every month: Report , America Has No Means to Recover from a Depression FARRELL’S
15 GHOSTS OF WALLSTREET/ECONOMIC PAST/PRESENT/FUTURE Home values to lose well over $2 trillion during 2008:
Zillow Homes in the United States have lost trillions
of dollars in value during 2008, with nearly 11.7 million American households
now owing more on their mortgage than their homes are worth, real estate
website Zillow.com said on Monday. (Remember: more
contrived wasteful commissions to the wall street frauds, the level and
percentage of which MUST be examined in light of computerization and decreased
costs attendant to same especially since only AN EXTREMELY Small Fraction Of
What wall street Does Is A Net Positive For The Economy (New Investment Capital
via, ie., ipo’S), The Rest Is
Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via
'churn and earn' computerized programmed trades). Moreover, the ballooning taxpayer
bailout funds for the perpetrators of the massive securities fraud are actually
going toward multibillion dollar bonus/compensation packages. . How are these frauds not being prosecuted and forced
disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial
crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc.) have been addressed much less solved;
hence, virtually all problems remain and there is but
an infinitesimally small fraction of the capital and resources necessary to
solve them thanks to fraud, incompetence, lack of knowledge/ability, greed,
etc., so SELL INTO
RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME. Renowned economist Mikhail Khazin : U.S. will soon face
second “Great Depression” , IT’S A DEPRESSION , Grantham (who called the bubble) posits… 585 on the S&P 500 (versus
today's frothy 879) There is more hurt in store for
the U.S. equity markets. If you are still thinking of riding this one out,
consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990
high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in
the U.S. would translate into Dow 2,500. , Billion-Dollar Fund Manager; Gold
To Hit $2,000, Dow To Sink To 5,000 Previous session, modest
decline relative to reality so still great opportunity to sell/take
profits
since much, much worse to come! All news decisively bad and much worse than
expected with trade deficit up 1.1%, dollar down, unemployment claims up 573,000 a 26 year high,
28% increase in foreclosures, bailout recipient BofA to cut 35,000 jobs, many
other prospective job cuts announced, economic group changes previous forecast
to worse/long recession, Bernard Madoff arrested over alleged $50 billion
fraud Madoff told senior employees of his firm on Wednesday that
"it's all just one big lie" and that it was basically, a giant Ponzi
scheme (the fraudulent wall street story in a nutshell) , BANK OF AMERICA to cut 35,000
jobs... , ...final could be
higher , Shocking but
true claim: Most big banks 'bankrupt'... , New unemployment claims surge unexpectedly , Ron
Paul: Printing Money Only Prolongs The Pain Amidst the hand-wringing of the
automaker bailout debate, Ron Paul took the opportunity on the House floor
yesterday to remind Congress that the real culprit behind the financial crisis
is the Federal Reserve, and that allowing the Fed to continue to print money
without audit will only prolong the pain.
, US budget deficit to reach USD 1 trillion , Jim Rogers calls most big U.S. banks “bankrupt” Jim Rogers, one of the world’s most prominent
international investors, on Thursday called most of the largest U.S. banks
“totally bankrupt,” and said government efforts to fix the sector are
wrongheaded. CORRECTED
- CORRECTED-(OFFICIAL)-UPDATE - Wells Fargo to take $40 bln Q4 charge
, German
FM criticises Britain’s ‘crass Keynesian’ policies: report and read again previous session, forget the layoffs Coming soon to U.S., 1 million jobs lost every month:
Report , forget the foreclosures Foreclosure
Storm Will Hit US in 2009 as Loan Changes Fail Bloomberg , forget declining retail
sales Retail
sales post big drop in November , forget the $1 trillion record budget deficit , trade deficits,
worthless fraudulent securities, lower earnings/guidance/outlook, the topic
(b.s. talking point) de jour for the lunatic (yes, full moon) frauds on wall
street is bailouts, bailouts, bailouts (not to mention there’s no real money to
pay for same – print/create more worthless Weimar dollars – hyperinflationary –
even now despite fake reports and worse to come) , suckers bear market ralley to keep the
suckers sucked in so great opportunity to sell/take profits since much, much worse to come!
This suckers bear market rally is based on bull s**t
alone; namely, now the prospective bailouts/spending programs with money that
does not really exist (print/create more, borrow more, etc.). 1) Keynesian
economics (government stimulus) does not work when a defacto bankrupt nation
becomes more bankrupt to bailout frauds/perpetrators/creators of the problem
and to create make-shift purported infrastructure jobs to enhance consumption
2) Inherent structural problems, i.e., trade/budget deficits will continue
unabated and in the case of the latter, substantially increase – deeper hole 3)
While spending on infrastructure is warranted, there is no productive
enhancement in economic terms as in less modern times when, i.e., national
highway system, etc., enhanced GDP growth and productivity. US Depression Likely -The Truth Is Here , Coming soon to U.S., 1 million jobs lost every month: Report
, America Has No Means to Recover from a Depression (Remember: more contrived
wasteful commissions to the wall street frauds, the level and percentage of
which MUST be examined in light of computerization and decreased costs
attendant to same especially since only AN EXTREMELY Small Fraction Of What
wall street Does Is A Net Positive For The Economy (New Investment Capital via,
ie., ipo’S), The Rest Is Tantamount To A
(Economically) "Wasteful Tax" (On The Economy) via 'churn and earn'
computerized programmed trades). Moreover, the ballooning taxpayer
bailout funds for the perpetrators of the massive securities fraud are actually
going toward multibillion dollar bonus/compensation packages. . How are these frauds not being prosecuted and forced
disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc.) have been addressed much less solved;
hence, virtually all problems remain and there is but
an infinitesimally small fraction of the capital and resources necessary to
solve them thanks to fraud, incompetence, lack of knowledge/ability, greed,
etc., so SELL INTO
RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME. Renowned economist Mikhail Khazin : U.S. will soon face
second “Great Depression” , IT’S A DEPRESSION , Grantham (who called the bubble) posits… 585 on the S&P 500 (versus
today's frothy 848) There is more hurt in store for
the U.S. equity markets. If you are still thinking of riding this one out,
consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990
high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in
the U.S. would translate into Dow 2,500. , Billion-Dollar Fund Manager; Gold
To Hit $2,000, Dow To Sink To 5,000 Previous, modest decline relative to reality so still great time to
sell/take profits since much, much worse to come. Wall Street stung by risk-aversion and realistically
bleak outlooks , Point of no return: Interest on T-bills hits zero , Tightening Budgets Mean a Rough Ride for IT , FIRST TIME:
Treasury Bills Trade at Negative Rates... . Previous, suckers bear market rally based on bull s**t
alone; namely, now the prospective bailouts/spending programs with money that
does not really exist (print/create more, borrow more, etc.). 1) Keynesian
economics (government stimulus) does not work when a defacto bankrupt nation
becomes more bankrupt to bailout frauds/perpetrators/creators of the problem
and to create make-shift purported infrastructure jobs to enhance consumption
2) Inherent structural problems, i.e., trade/budget deficits will continue
unabated and in the case of the latter, substantially increase – deeper hole 3)
While spending on infrastructure is warranted, there is no productive
enhancement in economic terms as in less modern times when, i.e., national
highway system, etc., enhanced GDP growth and productivity. US Depression Likely -The Truth Is Here , Coming soon to U.S., 1 million jobs lost every month:
Report , America Has No Means to Recover from a Depression (Remember: more contrived
wasteful commissions to the wall street frauds, the level and percentage of
which MUST be examined in light of computerization and decreased costs
attendant to same especially since only AN EXTREMELY Small Fraction Of What
wall street Does Is A Net Positive For The Economy (New Investment Capital via,
ie., ipo’S), The Rest Is Tantamount To A (Economically)
"Wasteful Tax" (On The Economy) via 'churn and earn' computerized
programmed trades). Moreover, the ballooning taxpayer
bailout funds for the perpetrators of the massive securities fraud are actually
going toward multibillion dollar bonus/compensation packages. . How are these frauds not being prosecuted and forced
disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc.) have been addressed much less solved;
hence, virtually all problems remain and there is but
an infinitesimally small fraction of the capital and resources necessary to
solve them thanks to fraud, incompetence, lack of knowledge/ability, greed,
etc., so SELL INTO
RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME. Renowned economist Mikhail Khazin : U.S. will soon face
second “Great Depression” , IT’S A DEPRESSION , Grantham (who called the bubble) posits… 585 on the S&P 500 (versus
today's frothy 848) There is more hurt in store for
the U.S. equity markets. If you are still thinking of riding this one out,
consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990
high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in
the U.S. would translate into Dow 2,500. , Billion-Dollar Fund Manager; Gold
To Hit $2,000, Dow To Sink To 5,000 Previous suckers’ bear market rally on far worse than
expected and particularly significant bad news provides great opportunity to
sell/take profits, especially considering fraudulent wall street’s previous
modus operandi to keep suckers sucked into this market and their commission
dollars flowing, suckers’ rallies into the close, reassuring rallies prior to
weekends as this despite unexpectedly bad news as today, etc., which frauds
perpetrated the yet unprosecuted crimes that have created this current
financial debacle. Record 1.33 homes in foreclosure,15 year high for
unemployment at 6.7% even as many no longer looking with things so depressed
and worse to come in ’09, record level deficits both trade and particularly
budget with money not there being spent with abandon (worthless Weimar dollars
being printed created like mad which is and will continue to be
hyperinflationary regardless of the current fake reports). Motek has
actor/speculator/entertainer/sometimes economist Ben Stein points to loans in
foreclosure hitting new records, paulson misconduct, lack of
oversight/accontability in bailout funds, and the seriousness of the crisis,
but his pointed barbs seem fleeting and is most memorable by his somewhat blind
adherence to policy as indicated by his criticism
of Peter Shiff for warning of this debacle years ago. Motek’s oil analyst
says economy so bad that oil demand down, significant recession in 2009, and
hedge funds liquidating positions putting pressure on oil prices. Finally,
Motek elicits from Peter Shiff that jobs created are being destroyed as fast,
phony jobs, bear market and government making worse by digging deeper hole,
phony (worthless Weimar) dollar rally provides opportunity to get out with
hyperinflation to come. GREAT OPPORTUNITY TO SELL INTO THIS
SUCKERS’ BEAR MARKET RALLY/STRENGTH/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH
WORSE TO COME. 3 Tell Tale Signs Of This Sucker Rally , Half-million jobs vanish as economy deteriorates (AP) , Job losses worst since 1974 Employers cut 533K jobs in Nov., most in 34 years , Late mortgage payments and foreclosures hit record , 1 in 10 homeowners
behind on mortgage payments, or in foreclosure... , Wall St financiers party like
there's no tomorrow -- literally
WHERE ARE
THE CRIMINAL PROSECUTIONS AND DISGORGEMENT? It’s been wall street frauds’ nirvana
(commissioning a huge decline then a huge incline) at just a program loop,
button push, mouse click away. Previous session, modest declines
relative to reality SO STILL GREAT OPPORTUNITY TO SELL INTO SUCKERS’ BEAR
MARKET RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO
COME. CELENTE OF trendsresearch.com, having predicted the Panic of 2008 now
preparing current prognostications for 2009 which will bear the consequential
follow-up title to the Panic of 2008; namely, The Collapse of 2009, further
stating there’s nothing they’ve done or prospectively can do to avoid the
complete economic/financial collapse in the u.s., the seeds for which have
already been sown, good money after bad notwithstanding, the die having been
cast. All business/financial/economic news decisively bad; 26 year high for
jobless rolls, orders to factories down sharply, job cuts current and
prospective up sharply. Motek expert comments on auto bailout saying no new concesions
with UAW cuts merely cosmetic, just down payment on failed business
model/scenario, bankruptcy necessary as costs too high, and on economy says
nation to go deeper into recession owing to intactable structural problems;
i.e., deficits, etc.. Another Motek expert says very negative economic
environment, sees deepening of more prolonged recession, discusses risk
tolerance in such an environment recommending highest quality debt instruments
but does note risk premium in lesser quality instruments. Food stamp use up 17% to 1 in 10 citizens, bankruptcies soaring, and
re-default rates on mortgages rising. Employers
shedding jobs as recession deepens , AP
IMPACT: Some bailout holdings down $9 billion , Governments
brace for long crisis ahead , High
inventory is killing home builders; industry asks for help , It's
Not a Great Time to Get Into Stocks , Long
Term Investors Should Avoid Leveraged ETFs , Fixing
the Enron Economy , US
FEDERAL RESERVE to buy US DEBT? WITH WHAT? , Prepare For
Depression Level Unemployment , Record
number of Americans using food stamps: report , Whether
We End Up Paying For It Through Taxes Or Hyperinflation, It Will Still Come Out
Of Our Pockets , Corporate
Debt Protection Costs Climb Amid Depression Concern , Shoppers ready to
call it quits MarketWatch | More
than one-third of consumers chose not to shop at all last month, except on
Black Friday, according to Britt Beemer of America’s Research Group. Lawsuit
claims Citigroup was running a “quasi-Ponzi scheme” Bloomberg |
Citigroup Inc., the second-biggest U.S. bank by assets, was accused in a
lawsuit of repackaging unmarketable collateralized debt obligations it held and
re-selling them to itself in order to hide its exposure to the securities. WHERE ARE THE CRIMINAL PROSECUTIONS AND DISGORGEMENT? Previously, suckers’
bear market rally into the close on bad news with wall street frauds’ nirvana
(commissioning a huge decline then a huge incline) at just a program loop,
button push, mouse click away. Indeed, all news still
realistically and decisively (and some deceptively otherwise spun to keep
suckers suckered) bad: A
Bleak Outlook: Nov. Job Loss at
250,000, Economic Weakness , US, China currency
clash over worthless american currency... , 61%
oppose auto bailout , Meredith Whitney Sees Plenty of Pain Ahead for Consumers
(at BusinessWeek)
, Desperate
Times, Desperate Policies ) . One non-Motek expert says these suckers’ bear
market rallies on bad news are at best wishful thinking and not sustainable
along with realistically dire outlook. Motek expert
says market for speculators/traders and points to volatility index while
failing to point out that there are very, very few successful traders. [Close inspection of the data in past times far better than
now (now we see insurmountable trade/budget deficits, lack of manufacturing
base, global antipathy, etc.) disavows such heavily promoted failed strategies
as dollar-cost averaging where stocks prices remain artificially (now
fraudulently) high for far longer periods of time than lower prices (MBA
Thesis, Albert L. Peia, NYU GBA, 1977), limited exceptions being ie.,
dollar-cost averaging in declining markets, but only when analysis indicates
under-valuation in prospective terms which is certainly isn’t the case now of
rampant over-valuation/fraud]. (Remember:
more contrived wasteful commissions to the wall street frauds, the level and
percentage of which MUST be examined in light of computerization and decreased
costs attendant to same especially since only AN EXTREMELY Small Fraction Of
What wall street Does Is A Net Positive For The Economy (New Investment Capital
via, ie., ipo’S), The Rest Is Tantamount To A (Economically)
"Wasteful Tax" (On The Economy) via 'churn and earn' computerized
programmed trades). Moreover,
the ballooning taxpayer bailout funds for the perpetrators of the massive
securities fraud are actually going toward multibillion dollar
bonus/compensation packages. . How are these frauds not
being prosecuted and forced disgorgement and preposterously getting taxpayer
dollars? The lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc.) have been addressed much less solved;
hence, virtually all problems remain and there is but
an infinitesimally small fraction of the capital and resources necessary to
solve them thanks to fraud, incompetence, lack of knowledge/ability, greed,
etc., so SELL INTO
RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME. Renowned economist Mikhail Khazin : U.S. will soon face
second “Great Depression” , IT’S A DEPRESSION , Grantham (who called the bubble) posits… 585 on the S&P 500 (versus
today's frothy 848) There is more hurt in store for
the U.S. equity markets. If you are still thinking of riding this one out,
consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990
high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in
the U.S. would translate into Dow 2,500. , Billion-Dollar Fund Manager; Gold
To Hit $2,000, Dow To Sink To 5,000 , Auditors Fault Oversight of
Bailout Funds... Previous suckers’ bear market rally in the last
minutes of the close on bad news with wall street frauds’ nirvana (commissioning a
huge decline then a huge incline) at just a program loop, button push, mouse
click away. Indeed, all news still realistically and
decisively (and some deceptively otherwise spun to keep suckers suckered) bad:
GE lowers guidance but maintains dividend ,
November US auto sales drop to 26-year low , Data signal deep
global downturn Financial Times , US manufacturing
hits 26-year low: ISM . How are these frauds not
being prosecuted and forced disgorgement and preposterously getting taxpayer
dollars? The lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc.) have been addressed much less solved;
hence, virtually all problems remain and there is but
an infinitesimally small fraction of the capital and resources necessary to
solve them thanks to fraud, incompetence, lack of knowledge/ability, greed,
etc., so SELL INTO
RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME. Renowned economist Mikhail Khazin : U.S. will soon face
second “Great Depression” , IT’S A DEPRESSION , Grantham (who called the bubble) posits… 585 on the S&P 500 (versus
today's frothy 848) There is more hurt in store for
the U.S. equity markets. If you are still thinking of riding this one out,
consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990
high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in
the U.S. would translate into Dow 2,500. , Billion-Dollar Fund Manager; Gold
To Hit $2,000, Dow To Sink To 5,000 , Auditors Fault Oversight of
Bailout Funds... , Governors to Seek Up to $100B
in Social Aid... ,
Feds to expand rescue;
reviewing applications from 'hundreds of banks'...
FDIC head: Gov't plan needs
'exit strategy'... , Metal prices fall further
than during Great Depression... , they’re printing and spending worthless Weimar dollars and
taxpayer funds like mad because they are mad as in crazy, incompetent, etc.. Previous
session sees modest drop relative to reality [SO SELL
INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME], particularly when you factor in the reality
that the prior 5 day rally of 1,300 points into the last trading week of the
month (much like the end of the prior month) based on bull s**t alone was a
typical fraudulent wall street programmed trade fraud to window dress the
monthly numbers and keep suckers sucked in (and besides, they’ll get their
commissions again on the way down). Upon the formal announcement that we’ve
been in recession since DECEMBER, 2007 I was waiting for Amy Poehler of SNL
Weekend Update to say, “REALLY!” [this site has reported/predicted this (these)
debacle (s) for far longer and in advance of same, including this
recession/depression]. The protracted reluctance (election year expedience) for
some to use the R(ecession) word, spun in the most positive way is to say it is
because this scenario is far worse than even would befit the D(epression) word
in light of the fact that the u.s. like never before in its relatively short
history is broke in every way. If you’ve been suckered, it’s not all your fault
inasmuch as the enablers (politicians, economists, financial experts,
news/media, etc., in receipt of substantial largesse from and) of these
vegetable garden (poison ivy league schools, these “elite” clubs/frats, etc.)
products (vegetables who not only have never done
anything requiring skills or measurable results, but merely are master bull
s**t artists and as in the case of wall street, criminal frauds) are similarly
incompetent, corrupt/venal. After all, how are these frauds not being
prosecuted and forced disgorgement and preposterously getting taxpayer dollars?
The lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
especially since none of the real problems (hundreds of trillions of
fraudulent/worthless securities, etc.) have been addressed much less solved;
and hence, virtually all problems remain and there is
but an infinitesimally small fraction of the capital and resources necessary to
solve them thanks to fraud, incompetence, lack of knowledge/ability, greed,
etc.. Motek’s expert cites retail liquidation prices (none to minimal profits,
at best), inevitable GM bankruptcy, fed programs done with money out the door
to little or no effect and now talking new programs…riiiiight…or, with rate at
1%, more rate cuts…riiiiight, big shake-out to come, credit-card co’s to pull
back $2 trillion to survive what’s coming, retailers with big real estate
exposure bust, and market will test lows then break through said lows to the
downside. There was in addition to the ‘recession’ announcement more dismal
news with construction down 1.2% and the supply/management manufacturing index
at 26 year lows. I derive no pleasure in being a harbinger of bad but true news
but reiterate SELL INTO
RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN AS THESE ARE STILL GREAT
OPPORTUNITIES TO SELL/TAKE
PROFITS SINCE MUCH, MUCH WORSE TO COME. Renowned economist Mikhail Khazin : U.S. will soon face
second “Great Depression” , IT’S A DEPRESSION , Grantham (who called the bubble) posits… 585 on the S&P 500 (versus
today's frothy 816) There is more hurt in store for
the U.S. equity markets. If you are still thinking of riding this one out,
consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990
high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in
the U.S. would translate into Dow 2,500. , Billion-Dollar Fund Manager; Gold
To Hit $2,000, Dow To Sink To 5,000 Dow plunges
on news recession began in Dec. 2007 (AP) , Down we go again:
Fourth-worst drop ever for Dow , Recession
declared; Wall Street tanks
, Fourth-worst drop ever for Dow AP… as wall street snapped out
of its daydream of a rally and once again faced the harsh reality… Report Concludes Recession Began A
Year Ago | But the White House and the corporate media consistently
continued to state otherwise. Previous session, this suckers’ bear market
ralley remains an especially great opportunity to sell/take profits while you still can since much, much worse to come
(sell into purported strength which is just more bull s**t for prospective
churn and earn fraud – they’ll get those commissions again on the way down) IMF economist says
worst of crisis to come: paper
'Crisis Only Just Beginning': Crisis/Video Right About the Crash, Peter Schiff Sees
Much More Pain Ahead and this suckers’ bear market rally was based upon nothing
related factually to finance/economics/business. How are these frauds not
being prosecuted and forced disgorgement and preposterously getting taxpayer
dollars? The lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
none of the real problems (hundreds of trillions of fraudulent/worthless
securities, etc.) have been addressed much less solved and hence, virtually all problems remain and there is but an
infinitesimally small fraction of the capital and resources necessary to solve
them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.,
SO SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE
YOU CAN AS THIS IS AS GREAT AN OPPORTUNITY TO SELL/TAKE PROFITS AS YOU WILL SEE SINCE MUCH, MUCH WORSE TO COME. Indeed, all news still realistically and
decisively (and some deceptively otherwise spun to keep suckers suckered)
bad: SO SELL INTO
RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN AS THIS IS AS GREAT AN OPPORTUNITY TO SELL/TAKE PROFITS AS YOU WILL SEE SINCE
MUCH, MUCH WORSE TO COME. IMF economist says
worst of crisis to come: paper . Indeed, all news
still realistically and decisively (and some deceptively otherwise spun to keep
suckers suckered) bad: Biggest runnup
in stock prices since 1932 and most know what happened to stock prices for over
a decade thereafter (and america was not broke in every way as now), Ghost malls
cropping up with retail closures/bankruptcies, as predicted by
trendsresearch.com [CELENTE CORRECTLY PREDICTS REVOLUTION, FOOD RIOTS, TAX
REBELLIONS BY 2012 Paul Joseph Watson | Trend
forecaster, renowned for being accurate in the past, says that America will
cease to be a developed nation within 4 years, crisis will be “worse than the
great depression.”] , Motek expert from the land of fruits and nuts, the
senile wedbush (if you had listened to his prior
prognostications/recommendations several months ago said suckers might be wiped
out by this day) lauds the bailouts (money u.s. doesn’t really have and
taxpayer money the frauds shouldn’t get) and the b.s. talking points thereby
but says workout much longer, while retail expert points to liquidation prices
(but fails to even mention lack of profits thereby), and poverty now spreading
to suburbs. Financial Disaster Will Lead to Civil Disorder in 2009 or
2010, Says Secret Citibank Memo An internal
memo from a top Citibank analyst reveals what the banks really think about the
global financial situation, and the outlook is grim. Citigroup Should Be Held
Accountable Bloomberg Food Prices Will Rise, Causing
Export Bans, Riots Bloomberg Rubin Clones and Other Fakers:
The Obama “Dream Team” Citigroup says gold could rise
above $2,000 next year as world unravels US debt triggered global crisis
‘Encouraged by a wicked wizard,
Greenspan, Bernanke toils at his Weimar dollar printing press’ . Consumer spending down (-1%), consumer
sentiment down, durable goods orders down (-6%), home sales/prices down to new
lows and high supplies, yet suckers’ bear market market rally of 400+ points
into the close nostalgically based (which got investors burned in the past) on
bull s**t alone (i.e., more bureaucrats on more painels as per President-elect,
etc.) and the so-called thanksgiving holiday rally. $600 billion plan to
support housing lending ultimately hyperinflationary. New unemployment claims
at recession level 529,000 for the week ended Nov. 22 yet unbelievably lower
than private economist estimates. October durable goods orders plunged by a
larger-than-expected amount, Chicago manufacturing in November contracted the
most since 1982 according to a regional survey, and consumer confidence dropped
to a 28 year low in November, according to the University of Michigan. One
Motek expert in a nearly senile market moment cites pleasant market surprise
(reality dictates otherwise) but in a lucid moment concedes lengthy period to
work out (substantial) problems, while another expert (currencies) cautions the
unintended consequences of
creating/printing/flooding the markets with worthless (Weimar) dollars
(a policy choice of inflation over fear of deflation) and the dollar devaluation
and ultimately hyperinflationary effects thereof. FDIC Troubled Bank List Grows to 46% - Is Your Bank Safe?
(at Seeking Alpha) , Consumers cut spending , Stocks on win streak amid more bad economic
news , Cisco plans 4-day shutdown to cut costs , October home sales fall sharply (Reuters)
. The lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution, none of the real problems
(hundreds of trillions of fraudulent/worthless securities, etc.) have been
addressed much less solved and hence, virtually all
problems remain, will continue to remain, and there is but an infinitesimally
small fraction of the capital and resources necessary to solve them thanks to
fraud, incompetence, lack of knowledge/ability, greed, etc., SO GREAT OPPORTUNITY TO SELL/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE
TO COME. Federal deficit could hit $1 trillion this year , FDIC's list of 'problem' banks swells to 171 (AP)
, Dollar falls on realistically discouraging u.s.
economic data (AP) , Third quarter real GDP was revised to a 0.5% annual rate of
decline from a previously reported 0.3% rate which had rallied stocks and, only
in the fraudulent world of wall street, rallied stocks again though worse than
expected Economy shrinks at fastest pace in seven years, Third quarter
personal consumption expenditures were revised to a worse than expected -3.7%
from -3.1%, which rallied stocks ….. riiiiight! , Consumer
confidence remains at an extremely depressed state despite fake numbers ,The S&P/Case-Shiller Home Price Index
of 20 US cities fell 17.4% year over year — most on record. 'Crisis Only Just Beginning': Crisis/Video Right About the Crash, Peter Schiff Sees
More Pain Ahead Crisis Only Just Beginning': Right About the
Crash, Peter Schiff Sees Much More Pain Ahead VIDEO
Previously, from the outset the
wall street frauds were again determined to keep the suckers suckered with a
near 500 point rally into the close. Existing home sales down 3.1% and much
worse than expected. Motek’s expert Peter
Shiff correctly points out that the so-called policy-makers,
economists, etc., don’t know what they’re doing, that they can’t borrow (or
print worthless Weimar dollars) and spend (money they don’t have) their way out
of this debacle, that the bailout funds are merely providing undue
bonuses/compensation for failed (and fraudulent) performance, that crisis will
be exascerbated with (unavoidable) hyperinflation (inevitable thereby owing to
crashing/worthless Weimar dollar) and ultimately even deeper/worse/more
protracted economic decline, that auto industry is over-paid (especially
relative to competition, legacy/pension costs, etc.), and importantly, the
government has no money so they either have to borrow or print same which will
make the economy much worse. Cost of Bankster Bait and Switch Now $7.4 Trillion Another expert says quick bankruptcies would have been the preferred
course for optimal results, while another emphasizes quite correctly that the so-called experts/team now
cheered (wall street frauds’ b.s. talking/rallying point) are those whose
experience is having created the very problems they are now called upon to
solve (hence, cover-ups, etc., but ineffectual). [Good management dictates that
a clean sweep was warranted]. Realize that the products of the vegetable
gardens (the poison ivy league schools producing these vegetables) are
vegetables who not only have never done anything requiring skills or measurable
results, but merely are master bull s**t artists and in the case of wall
street, criminal frauds enabled thereby. Downey Savings taken over by regulators [ Colossal Financial Collapse: The Truth behind the Citigroup
Bank “Nationalization” ] over the weekend. Obama’s Economic Foxes To Guard Financial Henhouse Today
President elect Obama officially introduces his economic team to the world.
What many may fail to recognize however is the fact that those tasked with
rescuing the economy are the very people who helped create the financial crisis
in the first instance.
CELENTE CORRECTLY PREDICTS REVOLUTION, FOOD RIOTS, TAX
REBELLIONS BY 2012 Paul Joseph Watson | Trend
forecaster, renowned for being accurate in the past, says that America will
cease to be a developed nation within 4 years, crisis will be “worse than the
great depression.” Budget deficit
hits record; jobless claims surge Foreclosure rates
up 25 percent year-over-year Banking crisis
claims more u.s. victims How are these frauds not being prosecuted and forced disgorgement and
preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
none of the real problems (hundreds of trillions of fraudulent/worthless
securities, etc.) have been addressed much less solved and hence, virtually all problems remain and
there is but an infinitesimally small fraction of the capital and resources
necessary to solve them thanks to fraud, incompetence, lack of
knowledge/ability, greed, etc., SO SELL
INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN AS THIS IS AS GREAT AN
OPPORTUNITY TO SELL/TAKE
PROFITS AS YOU WILL SEE SINCE MUCH, MUCH WORSE TO COME. IMF economist says
worst of crisis to come: paper . Previous, suckers’
bear market rally was based upon nothing whatsoever relevant to
finance/economics/business , yet again the wall street frauds were determined
to keep the suckers suckered through the weekend with a near 600 point rally
into the close. All news was decisively bad Federal regulators shut 2 California thrifts and though looking
for a reason to rally, they found none because there are none HU: World economic situation
'grim'... , based on valuation and prospective
substantial deterioration in economic conditions exascerbated by their massive
fraud; but the invented reason for the suckers’ rally was the appointment of
Geithner, a quintessential bureaucrat ultimately dependant upon other
bureaucrats who are dependant upon the very corrupt monied interests/frauds
(and their lobbyists) who created (through their crimes) the current financial
crisis. Moreover, as head of the N.Y. Fed he is no stranger to
cover-ups/bailouts in light of the missing/unaccounted for $4+ TRILLION at the
N.Y. Fed $4 trillion plus is missing through U.S.
federal agency accounts managed by the NY Fed. Renowned economist Mikhail Khazin :
U.S. will soon face second “Great Depression” , Grantham (who called the bubble) posits… 585 on the S&P
500 (versus today's frothy 852) There is more hurt in store for the
U.S. equity markets. If you are still thinking of riding this one out, consider
Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of
40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S.
would translate into Dow 2,500. , Billion-Dollar Fund Manager; Gold
To Hit $2,000, Dow To Sink To 5,000 The lunatic wall street
frauds’ desperation linked to their substantial crimes and booty which must be
disgorged through prosecution, none of the real problems (hundreds of
trillions of fraudulent/worthless securities, etc.) have been addressed much
less solved and hence, virtually all problems remain
and there is but an infinitesimally small fraction of the capital and resources
necessary to solve them thanks to fraud, incompetence, lack of
knowledge/ability, greed, etc., so great
opportunity to sell/take profits while you can since much, much worse to come. Leading economic indicators fall again a more than
expected .8%, new claims for unemployment a high more than expected 542,000 while
continuing claims at 4,000,000 a 16 year high and more than expected, Philly Fed Index down to a worse
than expected –39. Jobless Claims Hit 16-Year High, Above Forecast Congress extends jobless benefits; stocks fall 400 World stocks down amid reality of deep recession
(AP) CELENTE CORRECTLY PREDICTS
REVOLUTION, FOOD RIOTS, TAX REBELLIONS BY 2012 Paul Joseph Watson | Trend
forecaster, renowned for being accurate in the past, says that America will
cease to be a developed nation within 4 years, crisis will be “worse than the
great depression.” Budget
deficit hits record; jobless claims surge Foreclosure
rates up 25 percent year-over-year Banking crisis
claims more u.s. victims How
are these frauds not being prosecuted and forced disgorgement and
preposterously getting taxpayer dollars? The lunatic wall street
frauds’ desperation linked to their substantial crimes and booty which must be
disgorged through prosecution, none of the real problems (hundreds of
trillions of fraudulent/worthless securities, etc.) have been addressed much
less solved so sell into rallies/strength/take profits while you can since
much, much worse to come. Previous session, modest losses relative to reality to keep the suckers’
suckered especially in light of grim economic/business/financial news so still
great opportunity to sell/take profits while you can since much, much worse
to come. Housing starts down a record 38%, building permits down 14.5%, and outlook
grim. Motek’s expert discusses 30
reasons for Great Depression 2 by 2011 citing completion of first wave of the
meltdown-dot.com bust, second wave-sub-prime debacle, and the on-going climactic
financial/economic meltdown pointing to the 42,000 lobbyists, autos, etc.,
saying they just don’t get it, while another expert analyst says new lows
across the board having broken through support levels. Motek’s p.r. expert says auto execs flying to d.c. in private jets to beg
for taxpayer money bespeaks their stupidity, and his travel expert discusses
the newly value-conscious consumer. Fed
sharply lowers forecasts, hints of rate cut which ploy previously sparked b.s.
suckers’ bear market rallies based upon nothing at all but reality says with
only a point to zero and much worse to come is just plain b**l s**t . Deflation:
Here, Now I’ve been warning of deflation for some
time. Specifically, I predicted 1 1/2 to 2 years of deflation, followed by
hyperinflation. Well, deflation is here.“Slush fund” … “Banana Republic” … “Keystone Kops.” Technical Economic Indicators Worsening Again Deflation: Here, Now I’ve been warning
of deflation for some time. Specifically, I predicted 1 1/2 to 2 years of
deflation, followed by hyperinflation Previous suckers’ bear market
rally into the close with 300+ point swing to the upside [wall street frauds’
nirvana commissioning a huge decline then a huge incline just a program loop,
button push, mouse click away] into the close to keep the suckers suckered as the lunatic wall street
frauds’ desperation linked to their substantial crimes and booty which must be
disgorged through prosecution, none of the real problems (hundreds of
trillions of fraudulent/worthless securities, etc.) have been addressed much
less solved and hence, virtually all problems remain
and there is but an infinitesimally small fraction of the capital and resources
necessary to solve them thanks to fraud, incompetence, lack of
knowledge/ability, greed, etc., so great
opportunity to sell/take profits while you can since much, much worse to come. Homebuilder reality-based sentiment index plunges to
record low Economy so bad commodity prices plunge along
with PPI. Grantham (who called the bubble) posits…
585 on the S&P 500 (versus today's frothy 859) There is more
hurt in store for the U.S. equity markets. If you are still thinking of riding
this one out, consider Japan. Japan's Nikkei 225 is our window into the future.
From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar
correction in the U.S. would translate into Dow 2,500. , Forecasters:
U.S. in at least, unrealistically optimistically, minimum 14 month recession The Great Depression of the 21st Century: Collapse of the
Real Economy “The Dollar Standard Is Coming To An
End” Financial Crisis Tab Already
In The Trillions...
Busted
in Washington Housing starts expected to hit
half-century low Washington
is Powerless to Stop the Coming Economic Depression Whitehead
sees slump worse than Depression Dollar’s Days Numbered, Buy Commodities: Jim Rogers
America’s economic crisis is beyond the reach of
traditional solutions U.S.
Retail Sales Drop in October by Most on Record . (Banker Bailout Costs $5 Trillion So Far ), (Analysts Predict Hyper-Inflation To Push Gold To $2000, Oil
to $300 Within Months ), (Soros says deep recession inevitable, depression likely ),
CELENTE CORRECTLY PREDICTS
REVOLUTION, FOOD RIOTS, TAX REBELLIONS BY 2012 Paul Joseph Watson | Trend
forecaster, renowned for being accurate in the past, says that America will
cease to be a developed nation within 4 years, crisis will be “worse than the
great depression.” Budget
deficit hits record; jobless claims surge Foreclosure
rates up 25 percent year-over-year Banking crisis
claims more u.s. victims How
are these frauds not being prosecuted and forced disgorgement and
preposterously getting taxpayer dollars? The lunatic wall street
frauds’ desperation linked to their substantial crimes and booty which must be
disgorged through prosecution, none of the real problems (hundreds of
trillions of fraudulent/worthless securities, etc.) have been addressed much
less solved so sell into rallies/strength/take profits while you can since
much, much worse to come. 53,000 layoffs from
Citigroup, and many more announced and may more to come from a multitude of
companies to yield predicted 8-10% unemployment (conservative-some higher).
Motek in a somewhat philosophical mood cites blue chips as cow chips (cow pies,
manure, etc.), while his expert joins the metaphysical fray quoting ‘to save
man from his folly is to people the world with fools’ and goes on to say
everything looking bad, things are not good, how long the deep recession-don’t
know, not there yet; while another expert says things have gone from bad to
worse. Indeed, one expert
says US
To Lose Its ‘AAA’ Rating/face default/bankruptcy, while Motek’s expert says market poised to test
new lows, points to uncertainty regarding bailout equivocation/changes and
talks up, in a somewhat borderline senile fashion, some beaten down stocks on
theory government will bail them out…riiiiight! Another Motek expert,
actor/speculator/economist Ben Stein says hanky panky Paulsen perjured himself
before congress and should be prosecuted, points to incompetence regarding
bailout saying couldn’t have been handled worse and not mentally up to it. One
Aspect of the Massive (Securities) Fraud/Fraudulent Wealth Transfer is Aptly
Described/Illustrated in this Comment, [how are these frauds not being
prosecuted and forced disgorgement and preposterously getting taxpayer dollars?
The lunatic wall street frauds’ desperation linked to their
substantial crimes and booty which must be disgorged through prosecution,
none of the real problems (hundreds of trillions of fraudulent/worthless
securities, etc.) have been addressed much less solved], Renowned economist Mikhail Khazin :
U.S. will soon face second “Great Depression” , Grantham (who called the bubble) posits… 585 on the S&P
500 (versus today's frothy 852) There is more hurt in store for the
U.S. equity markets. If you are still thinking of riding this one out, consider
Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of
40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S.
would translate into Dow 2,500. , Billion-Dollar Fund Manager; Gold
To Hit $2,000, Dow To Sink To 5,000 The immortal words of J.P.Morgan remain
apposite as ’ it is not so much the return on the money as it is the return of
the money’ , so sell/take
profits while you can and preserve
capital. Previously modest losses relative to reality with rally/programmed trades
to the upside into the close to finish off substantially lower lows to keep the
suckers’ suckered despite grim economic/business/financial news so still great opportunity to sell/take profits while you can since much, much worse
to come. America is now a nation of bank
holding companies (to take advantage of involuntary taxpayer bailouts), paper
hanging wall street frauds (it’s the worthless multiplicity of securitized and
heavily commissioned worthless paper that is the problem), and brazened ponzi’s
(sic) (more, more, and more funds to keep their commission ball rolling) on
wall street; and of course, their marks. Banking crisis
claims more u.s. victims How are these frauds
not being prosecuted and forced disgorgement and preposterously getting
taxpayer dollars? The lunatic wall street
frauds’ desperation linked to their substantial crimes and booty which must be
disgorged through prosecution, none of the real problems (hundreds of
trillions of fraudulent/worthless securities, etc.) have been addressed much
less solved so sell into rallies/strength/take profits while you can since
much, much worse to come. Previous suckers’ bear
market rally/programmed trades to the upside into the close to keep the
suckers’ suckered so still great opportunity to sell/take profits while you can since much, much
worse to come, as stocks finish only modestly lower relative to
reality on grim economic/business news across the board, viz., b.s.
talking point gives way to reality that China stimulus plan lessens
availability of funds for the purchase of worthless u.s./dollar denominated securities/assets
and may even require sale/redemption of same, GM shares hit 62 year low at
$3.36 as analyst says said shares will go to - 0- (nil, with Ford’s shares at
$1.93), Motek expert points to employment contraction for 15 months in a row
and Conference Board Report regarding said job losses; while another emphasizes
the futility of the bailouts which are get worse/larger in reference to what he
terms slush funds, the bank tax windfall initiated in the dark of night, things
will get progressively worse in the upcoming administration, u.s. spending far
beyond means, and rapidly depreciating u.s. dollars and assets; DHL ending u.s.
ground ops and 9,500 jobs, Security Pacific the 19th u.s. bank failure, etc., Fed's bailout for AIG swells to more than $150B , Fannie posts $29B 3Q loss, $100B may not be enough , Renowned economist Mikhail Khazin : U.S.
will soon face second “Great Depression” , bankruptcies, defaults,
foreclosures, hyperinflation around corner on worthless Weimar dollars, etc.. Previous session, sell into these suckers’
bear market
rallies/strength/take profits while you can as much, much worse to come. Much worse
than expected jobs (240,000 lost, unemployment to 6.5%) and auto news
(operating earnings losses of $4 billion for GM and $3 billion for Ford for 3rd
quarter) rallies stocks (riiiiight!), in a largely forgettable Motek business
hour even his oftimes wall street shill expert admitted to his credit that
their was absolutely nothing to account for the rise in stock prices this day
especially in light of the substantially bad and worse than expected news, says
GM has enough cash to last to spring while Ford till summer, and says
volatility for rest of the year. Economist says worse to come as very severe
recession at least through 2009 and into 2010, and also there’s allusion to yet
another taxpayer bailout of auto pension funds and auto co. bankruptcies. The wall
street frauds must be prosecuted and disgorgement required. Jobless rate at 14-year high as above expectation
losses continue GM, Ford losses worse than expected, burning cash Jobless ranks hit 10 million, most in 25 years Ford announces $129M 3Q loss, burns $7.7B in cash Jobless rate bolts to 14-year high of 6.5 percent Previous, another modest drop relative to
reality [Grantham
(who called the bubble) posits… 585 on the S&P 500 (versus today's frothy
904) There is more hurt in store for the
U.S. equity markets. If you are still thinking of riding this one out, consider
Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of
40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S.
would translate into Dow 2,500. ], downbeat economic data, first-time claims for unemployment at 25 year
high and worse to come, abysmal retail sales worst in 3 decades, unit labor
costs rose at a higher than expected 3.6% annual rate as the ultimately
hyperinflationary effects of printing/creating like mad those worthless Weimar
dollars, and weak business prospects, virtually all
problems remain and there is but an infinitesimally small fraction of the
capital and resources necessary to solve them thanks to fraud, incompetence,
lack of knowledge/ability, greed, etc., so still great opportunity to sell/take profits while you can since much, much
worse to come. Previous session sees modest drop relative to reality though
record post-election plunge so still great opportunity to sell/take profits while you can since much,
much worse to come. All news so bad (reality even worse) that even
shill co. ADP can’t hide at least 157,000 lost private sector jobs where deep
cuts are necessary, Challenger et als say layoffs will abound with cuts broad
and deep, Motek expert says dismal market for at least next several weeks but
cautious citing some oil, engineering, utilities, healthcare opportunities with
caveat along with some emerging markets, service sector much weaker than
expected and planned layoffs highest in three decades. Treasury wants to borrow
record $550B... US-led strike kills 36 Afghan civilians U.S. as slowing economy/runaway spending balloons the budget deficit to a record
level to Sell $55
Billion in Long-Term Debt Next Week Previous session, all news decisively
bad with dollar down, oil up, factory orders declining 2.5% month-over-month after dropping 4.3%
in August, much worse than the 0.8% decline that was expected, virtually all
problems remain and there is but an infinitesimally small fraction of the
capital and resources necessary to solve them thanks to fraud, incompetence,
lack of knowledge/ability, greed, etc., so sell into rallies/strength/take profits while you can since
much, much worse to come. Previous, ( Worst is yet to come for
economy ) as economic/financial news so bad [ ISM index
shows biggest downturn in economic activity since 1982, corrupt,
scandal-scarred commerce department comes in with 40% better than expected
false construction numbers though still down a hefty .3%, 90% of private
economists say we’re in a recession and we’ll see much more lagging effect to
the downside, realization that bad economic conditions going forward not frozen
credit affecting lending despite their lies/fraud to buttress their fleecing of
the treasury, Motek expert says another washout coming and we’ve not heard the
last of those, ie., banks, companies, brokerages, etc., under the waves] , that
lunatic frauds on wall street develop new b.s. talking point to keep suckers
sucked in to this market so the wall street frauds can keep eating away at
suckers’ money by commissioning same, the new talking point being ‘the
election’. What total b**l s**t! They’re just a bunch of criminally insane
vegetables who can’t do anything that they’re supposed to do well, ie,
economics, finance, accounting, etc., and are hoping to escape accountability
for their crimes. They must be
prosecuted and disgorgement required because 1) It’s the law
and to create a deterrent prospectively 2) Restore credibility and confidence
in prosecutorial, regulatory, government/governmental bodies as opposed to
their being accomplices, and the markets (which are just that; marketplaces,
like fish markets, commodity markets, flea markets, etc., no big deal,
particularly as the frauds operate them)
3) It’s the right thing to do because of the magnitude of the fraud (in
the hundreds of trillions by some educated assessments) in the many trillions
and the fraud on taxpayers (who have been damaged by their fraud and) by
bailouts that are finding their way into compensation/bonus packages for the
perpetrators .
Previous session, suckers’ bear market rally for window dressing for dismal
month and quarter to keep the suckers suckered in this secular bear market. Are
you a sucker? One in five homeowners owe more than homes are worth, more
unemployment to come, many more defaults personal/commercial, many trillions of
previously commissioned worthless paper still carried/not written down, etc..
One of Motek’s experts, to his credit, points to reality in saying retreat to
cash (take profits) in rallies as these (rallies on bad news), record declines
in spending, economy has lots of negatives, insurance companies have lots of
negatives, hedge funds liquidating, and importantly, 60% of trades computerized
so great for generating commissions but bad for real value (as this week) and
very volatile; while another expert echoes bear case as spending down across
the board; while another empahasizes bad month on top of bad month for
autos; while another says 2008 behind
only 1929 and 1987 for bad; and another says no more room for rate cuts, more
regulation, mortgage rates up; and finally, political and economic uncertainty
cited. In sum, u.s.
stocks over-priced and dollar will drop like a stone (excessive
printing/creating/debt), Stocks: A Bear Case so
sell into rallies/strength/take profits while you can as much, much worse to
come. Don’t forget, THEY NEED YOUR MONEY TO COMMISSION and the lunatic wall street frauds’ desperation
linked to their substantial crimes and booty which must be disgorged through
prosecution . Despite another big advance on Friday, paper
losses in the U.S. stock market came to $2.5 trillion for the month, according
to the Dow Jones Wilshire 5000 Composite Index, which represents nearly all
stocks traded in the United States. The 17.7 percent decline was the worst
since the 23 percent drop in October 1987 and 1929. Previous day,
suckers’ bear market rally on bad news. U.S.
Economy: GDP Shrinks (even with fake better than expected GDP numbers from
corrupt commerce department) at Fastest Pace Since 2001 The government
falsely reported Thursday that the economy shrank only 0.3 percent in the
July-September period, still a significant slowdown after growth of 2.8 percent
in the prior quarter in the summer, sending the strongest signal yet that a
deep recession has already begun. Consumer spending, which accounts for
two-thirds of the economy, dropped by the largest amount in 28 years in the
third quarter. One expert says multiple levels of things going wrong in u.s.
recession, ie., consumer spending down and declining, housing recession,
fraudulently worthless investments, worthless Weimar dollars that are being printed/created
like mad, etc.. Another expert says fake GDP number in 3rd quarter does not
capture slowdown which will be reflected in 4th quarter with minimum 2-4%
decline. How are these frauds not being prosecuted and forced disgorgement and
preposterously getting taxpayer dollars? The lunatic
wall street frauds’ desperation linked to their substantial crimes and booty
which must be disgorged through prosecution, none of the real problems
(trillions of fraudulent/worthless securities, etc.) have been addressed much
less solved so sell into rallies/strength/take profits while you can since
much, much worse to come. Previous session, government (fake) numbers
on durables (130% better than private estimates…I don’t think so!) and
prospectively dollar-crushing 50 basis point rate cut (discounted b.s. talking point many times over by market in prior
sucker session), 2.7% drop in the
dollar, fed heads
said the pace of economic activity has "markedly" slowed as consumer
expenditures declined, while inflation pressures are expected (despite
worthlessness of the Weimar dollar) to (temporarily) moderate due to the
(temporary election year) drop in commodity prices and weaker economic
prospects, so still great opportunity to sell
into rallies/strength/take profits while you still can (like now) since much,
much worse to come as all problems remain. Previous session,
all news decisively bad with consumer sentiment far below expected 52% but
realistically at 38%, personal bankruptcies/business bankruptcies up sharply (Euler Hermes ACI: Substantial Increase In Business
Bankruptcies and worse in 2009 ... , Personal Bankruptcies Increase and 2009 expected to be worse
), Office Vacancy Rates Nationwide Keep Climbing; 2009 will be
worse ... , US consumer debt reaches record levels , U.S. budget deficit swells to record $455 billion | Reuters
, White House projects record deficit for 2009 - CNN.com
, dollar down and dying, record trade deficits, (Lost growth
is cumulative. Thanks to the record trade deficits accumulated over the last 10
years, the U.S. economy is about $1.5 trillion smaller. This comes to
about $10000 per worker. The damage grows larger each month, as the Bush
Administration and Democratic Congress dally and ignore the corrosive
consequences of the trade deficit), war crimes/profiteering and global disdain
for america and all things american and preposterously based on b.s. alone ie.,
dollar negative talking point of interest rate decrease (hyperinflationary as
will be seen post-election), etc., suckers’ bear market
rally on decidedly bad news, none of the real problems including many trillions
of worthless paper, deficits budget/trade, hyperinflationary/worthless Weimar
dollars being printed like mad, have even been addressed much less solved
(election-year expedience), lunatic wall
street frauds desperation linked to their substantial crimes and booty which
must be disgorged through prosecution,
so sell into rallies/strength/take profits while you can since much,
much worse to come.
THE DOW JUMPS 900 POINTS. SO WHAT? BY MORGAN HOUSE
October 28, 2008 Only in today's
market can the Dow have one of its biggest gains ever, on a day when consumer
confidence logged its worst readings since it's been followed. After the Dow's
nearly 900-point rally today, on what seemed like nothing but loads of bad
news, you're right to stand back and wonder what in the world to make of this
absurd volatility -- and more importantly, how to invest around it.The short,
easy, and honest answer is that this volatility is spectacularly unreasonable,
and you're foolhardy to try such an approach. Think about it: Only a few weeks
ago, the Dow soared an equally impressive amount -- 936 points -- sending a
wave of euphoria over markets, as if our troubles were behind us. Within days
... poof! The gains were gone. There's little reason to jump for joy over today's
gain, either. Call me a party pooper, but the bad news in the
economy hasn't disappeared, my friends…
Reality from Farrell: Bottom line: You've been scammed: This is total
incompetence, … unethical and criminal. If you put your hard-earned $12,000
under the mattress for the last decade, it would have been worth more than the
$11,671 accumulated in a mutual fund. But actually it's far, far worse! Now if
you also deduct the fund's 5.75% load (and/or commissions) and inflation of
more than 30% the past decade, you see the stock market's a real loser. In
short, after 10 years of blindly trusting the Wall Street's advice about
stocks, it turns out that investing in the stock market is not a money-making
machine, but a big fat greedy black hole that gobbles up your money. ECONOMICS GURU:
WORST IS YET TO COME; MARKETS WILL CLOSE FOR UP TO WEEK FROM PANIC... More from
Grantham: S&P to 585. He called the bubble, how could anyone doubt his
valuation (although even lower is more realistic)? Jeremy Grantham … (some) benefits to the crisis, including
increasing personal savings, an end to the hedge fund era, a reminder that
government officials are not to be trusted, …among others…Grantham posits… 585
on the S&P 500 (versus today's 877). Frank Motek (back from vacation to
save his business hour … none too soon since his program suffered mightily in
his absence) experts say: lack of liquidity, new homes and home prices downward
trend to continue, expect revisions; another says other nations loaned to u.s.
and getting burned, spending in Europe more difficult to ramp up, $2 TRILLION
more debt, fed buying u.s. debt which is hyperinflationary, consumer maxed out,
grim outlook; another, a wall street shill points to better than expected new
home sales [from scandal scarred/corrupt commerce department…riiiiight …(Home sales rise according to discredited commerce department
relative to revised downward prior months sales (riiiiiight…that’s the way to
work the statistics…at least the prior months fake stats can still be good for
something) but prices sharply fall)] but to his
credit does say there are a pile of concerns including liquidation of
positions, ‘n carry trades’ (sic), yen/dollar disparity; r.e. analyst says
median price for homes still heading down and another says new home sales this
month not sustainable, foreclosures high even with freeze; oil analyst says oil
demand in China down, impacting price; finally, another analyst says temporary
dollar spike because of unwinding of leveraged trades (in dollars),
commodities/assets/metals decline as investors/traders/holders sell off assets
(cover margin calls, redemptions, etc.), u.s. stocks still over-priced and
dollar will drop like a stone (excessive printing/creating/debt), Stocks: A
Bear Case so sell into
rallies/strength/take profits while you can as much, much worse to come. Previous
session: you know the worst is yet to come when the so-called wizards of
fraudulent wall street laud the day’s 5-9% decline as a pyrrhic victory (coulda
been worse…..riiiiight!) that is neither victory nor the end of the downward
adjustment to reality and the scope of their fraud, indeed one expert now
points to the realization that america
has become the exporter of economic weakness/fraud as hedge funds, etc.,
continue to liquidate positions/assets (margin calls, redemptions, etc.) , sell
into rallies/strength/take profits while you can as much worse to come. Markets Nosedive on Grim Economic News , World markets sink as recession realities spread ,
79th anniversary of 1929 Wall
Street Crash... , previous day suckers’
bear market rally/400 point swing/programmed trades to the upside into the
close on decidedly bad news …I don’t think so!… sell into rallies/strength/take
profits while you can since much, much worse to come Economist Roubini Predicts Hedge Fund Failures, Panic,
Closed Markets , Job losses accelerating, and the worst is ahead , Banks borrow record amount
from Fed... , on
top of previous day’s near 200 point swing to the upside into the close to keep
the suckers suckered as ‘experts’ say: earnings 11% below expectations,
business bad and getting worse, recession, substantial job cuts, big problems
in Europe including writedowns of u.s. originated worthless fraudulent paper /
another says realization source of the now global problems is u.s., fed
throwing money at problems (wall street frauds) but not making it to the
economy, not enough money to cover the negative (fraud) and need for flush out
and adjustment of inflatede/bubble/illusory values, and another says reality
implies 25% decline which is worst since 1937, sell into rallies/strength/take
profits while you can since much, much worse to come Recession
Will Last At Least Two Years: Roubini , Recession Now: It's Deep and It's Going to Last a Long Time,
Sonders Says ;
previous day modest losses relative to reality as only 15% of americans believe
the nation is going in the right direction (what dummies!) which is slightly
more than congress’ approval rate and just slightly less than bushes’ approval
rate, More banks may fail, IMF warns , Weak profit picture and weak/declining economy
worries and fear of being held criminally accountable for their fraud hurt Wall
Street , sell into
rallies/strength/take profits while you can since much, much worse to come ,
previous day’s suckers’ bear market rally on bad or false news as ie., leading
economic indicators up though all economists expected down since major
components thereof (stock prices, manufacturing/industrial indices, employment,
etc.) all down, economy so bad they’re going to print more worthless hyperinflationary
Weimar dollars (that they don’t really have), gave another $12 billion to AIG
on top of the other billions of taxpayer funds, yet none of the real problems
including many trillions of worthless paper, deficits budget/trade,
hyperinflationary/worthless Weimar dollars being printed like mad, have even
been addressed much less solved (election-year expedience) so sell into
rallies/strength/take profits while you can as much worse to come , The
Crumbling U.S. Economy, Worse is Yet to Come , Worst slump since
Great Depression , Rapid Downward Revisions in
Expected Economic Growth , and all this b.s. despite reality on top of
previous session suckers’ 500 point swing/programmed trades to the upside into
the close to close modestly lower on much worse than expected news on top of
previous suckers’ bear market rally/800 point swing/programmed trades to the
upside into the close on decidedly bad news …I don’t think so!
The average
investment-grade industrial company bond is yielding 4.95 percentage points
over Treasuries with comparable maturities, Moody's says. That's about the
long-term average for much riskier junk bonds. "It's the widest level
since 1932-1933," says John Lonski, Moody's chief economist. That was
during the, ahem, Great Depression.
Searching for Mr.
Goodlow [ While you certainly want to buy low (and
sell high), in light of the crushing debt, deficits both budgetary/trade,
global antipathy because of war crimes/profiteering, transfer of manufacturing
base, and greedy frauds on wall street, corruption at all levels, etc., this
time is like no other for america in the most negative sense, particularly
since the average multiples for S&P for the past 5 years were based upon a
huge fraud bubble and hardly a benchmark/guideline. The saying/axiom of
J.P.Morgan remains apposite as ’ it is not so much the return on the money as
it is the return of the money’. ]
Building starts/permits and new home sales
down 8.3% and 6.3% to worst levels in 17 years, drop in consumer sentiment
highest ever recorded so great opportunity to sell/take profits while you still
can since smart money (and reality) say trend is much lower Billion-Dollar Fund Manager, Dow To Sink To 5,000 , Roubini: Dow 7,000 Likely 'Sometime Next Year' , Dow Jones Bloodbath Mirroring 1929 Rout Bottom should be
around 27 per cent below “bailout bounce” according to analyst , since none of
the real problems including many trillions of worthless paper, deficits
budget/trade, hyperinflationary/worthless Weimar dollars being printed like
mad, have even been addressed much less solved (election-year expedience) so
sell into rallies/strength/take profits while you can as much worse to come,
(they’re so desperate for b.s./fraudulent talking points/sizzle to sell that
the rumor (Microsoft to buy/destroy Yahoo) sparks rally though denied by both
companies, spin lower prices as positive when reality is that economic
conditions/prospects so bad that demand has precipitously fallen, Philly fed
Index down sharply indicating contraction, Real Estate/Builders’ Index
lowest/Worst reading since inception, lunatic
wall street frauds desperation linked to their substantial crimes and booty
which must be disgorged through prosecution, volatility index at new
record, previous session reality trumps the new fraud as markets can’t hide
from the plethora of bad economic news albeit sugar-coated for election year
purposes as retail sales down 1.2% for month and as well, year-over-year and in
all regions, beige book says economic activity down in all regions Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink
To 5,000 sell into
rallies/strength/take profits while you can as much worse to come and remember,
fool you once, shame on the wall street frauds who should be in prison,
fool you twice, shame on you and you’re screwed, one expert
described the bailout as money down a black hole Total Bailout Cost Heads Towards $5 TRILLION , shreve of investors’ (shouldn’t that be
traders’) business daily said became negative on market in August and all cash
in September [but previously, 6-3-08, SHREVE OF INVESTORS BUSINESS DAILY
NOW NEGATIVE ON MARKET (YA THINK), WAS BULLISH JUST RECENTLY ENOUGH FOR BULL
TRAP (OR JUST PLAIN BULL CRAP) AND CITES HEDGE FUND SPECULATORS, SUPPLY/DAMAND
FACTORS (OIL RISE, ETC), LEADERSHIP TURNED NEGATIVE WHICH FED MINUTES
CONFIRMED, implying that somewhere in between he was positive ] but to his
credit states we’re in a recession…some quarters of negative growth/contraction
ahead…takes considerable time for fed steps/missteps to take effect…and 7-8%
unemployment, while fed governor janet yellen says we’re in a recession…daaah!,
while another cites consensus that the financial crisis won’t be over anytime
soon US confronts reality of long, deep
recession/depression
,
The global
economy is going through a "profound shift" as it deals with the
unwinding of debt leverage, which Todd Harrison, CEO of Minyanville.com
calls "the mother of all bubbles."
As with the tech bubble before them, bubbles in housing, commodities and hedge
funds were all made bigger because of the unfettered use of leverage. The
unwinding process is going to result in a "prolonged period of
socioeconomic malaise," he says, predicting unemployment will rise will
into double-digits before the cycle turns.
The
most recent batch of economic data certain support a grim outlook:
·
Industrial production plunged 2.8% in September,
the biggest drop since September 1974.
·
The National Association of Home Builders' housing
market index hit a record low.
·
The Fed's October Beige Book showed across-the-board
weakening of activity in all 12 reporting districts.
·
September retail sales fell 1.2%, the biggest drop since
Aug. 2005.
previous session saw modest losses relative to reality
with near 300 point upswing into the close on bad news (to keep the suckers in
… were you a sucker?…the frauds on wall street are counting on it as today’s
session proves) including record budget deficit at $454 billion and much worse
next year, they’re treating symptoms not the problems so good money after bad,
substantial unwinding of derivatives and market manipulation by programmed
stock purchases, u.s. gov’t selling treasuries to finance debacle pushing
interest rates higher so sell/take profits, The Wall Street Coup and the Bailout Scam Bailout $700 billion yet national debt increased by over $1 trillion,They socialize their losses and privatize their gains ….. How is this
happening? Paulson Doles Out $125 Billion to Wall Street Elite What a total
fraud/scam! A
Trillion Dollar Bait and Switch: The Bailout and the Smell Test This is a secular bear market – check out
the cycles. Roubini
Sees Worst Recession in 40 Years, Rally’s End , previously Motek’s expert Art Hogan says
crisis not over, daaaaah!, buuuttt and for the first time sounds like a typical
wall street shill and loses all credibility thereby, while another non-Motek
expert says will retest lows which is euphemistically correct while pointing to
comparable spike/decline in 1929 et seq. Great Depression scenario , Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink
To 5,000 , b.s. talking
points and all based upon other nations, Europe and Asia like lemmings again
following america into the abyss (Iraq, etc.) since none of the real problems
including many trillions of worthless paper, deficits budget/trade,
hyperinflationary/worthless Weimar dollars being printed like mad, have even
been addressed much less solved (election-year expedience) so sell into
rallies/strength/take profits while you can as much worse to come and remember,
fool you once, shame on the wall street frauds who should be in prison,
fool you twice, shame on you and you’re screwed, as this and
previous session’s programmed buy trades to keep the suckers sucked in and
commission dollars flowing (the shameless wall street frauds made hundreds of
millions last week and today on high then moderate volume as government/banks
closed for holiday), thousand point swings to the upside- I don’t think so, as
yet again those needful things on wall street get even MORE, MORE, MORE, MORE,
MORE for the poor (not really, in light of the mega billions in fraudulently
derived commissions, bonuses, compensation, which should and must be disgorged
through prosecution) frauds on wall street, retail down, unemployment at
recession levels, modest losses relative to reality so sell into strength/take
profits, get your money out while you can and don’t forget that the worthless
hyperinflationary Weimar dollars they’re printing like mad will, like the
current fraud unraveling, come home to roost
[Rogers:
Global Bankers Have Unleashed Hyperinflationary Holocaust ] making, assuming arguendo there are, any wild-eyed purported gains to come
illusory/non-existent at best and further, national (and consumer) debt and
lack of industrial/manufacturing base/trade deficits make previous recovery
comparisons preposterous, Motek’s expert says on-going bear market since 2000
(market down 75% as measured in gold) with continued massive liquidations to
pay off debt and that attempts to reflate with bailouts will fail culminating
in hyperinflationary depression, while another expert says stocks could slug
around at bottom for extended period, while Financial Times Editor says most
volatile day ever, not at tradable bottom, and this was a market crash at –40%
from top. GM shares on credit watch with negative implications
by S&P tumble 31 percent to 58-year low , Roubini: Rate Cuts Temporarily and Minimally Reduce
Crash Risk, But Dow 7,000 Likely 'Sometime Next Year' , dollar down, oil
up, Motek’s expert Bogel of Vanguard fame points to speculative measure for
wall street in 1929 as 280 which is even below and not as bad as the current
measure of 320 in year 2008 indicative of the ridiculousness of the wall street
debacle, It's Not You, It's the Market - Now Officially the
Worst S&P Decline in History ,on top of previous sessions needful things
on wall street saying MORE, taxpayer money to bail them out for their
consummate fraud, etc., MORE now EU/Asian/fed/taxpayers’ cooperation/contribution
for their past, present and future frauds, etc., to keep their ponzi-like
scheme of worthless paper moving; how about prosecution, prison, fines, and disgorgement for these mega billion
dollar frauds, as 500 point swing to the upside into the close (get your money
out while you can-sell into strength/rallies/take profits) on yet another b.s.
talking point (I don’t think so and neither does Cramer says Get Out Of The Market ) as Motek’s expert apparently shell-shocked talks in terms of washout
levels while another says bailout will take about 4 weeks to implement and not
sure if same will work [WON’T! There are trillions (some say in the
hundreds of trillions) of the fraudulent worthless paper out there] and points to
negative economic fundamentals and says reduce exposure to equities in favor of
ie., money market treasuries, previous day buy on rumor, sell on news (of fraud
bailout) obtains, fundamentals horrendous as economy loses more than expected
159,000 jobs, Motek’s economist/expert/trader says serious economic issues
remain and cites ’73 to ’74 when market fell 45% top to bottom while securities
expert says now focus is on fundamentals and not a pretty picture and cautions
about dilution, get your money out while you can-sell into
strength/rallies/take profits-that’s what they did , previously hopes for
fraudulent $4 trillion plus is
missing through U.S. federal agency accounts managed by the NY Fed misguided Not One Dime! wall street fraud/criminal bailout “Grand Larceny” on a Monumental Scale: Does the Bailout Bill
Mark the End of America as We Know It? can’t change
reality as unemployment numbers highest in 7 years, factory orders decline to
lowest level in 2 years, food prices with largest increase since 1990, previous 200 point swing to the upside on top of 485 point previous day gain with all seriously
negative news including sales drops of 16% at GM and 35% at Ford so sell into
these rallies/strength/take profits whil you can, economist Brusca points to grim economic/financial data and outlook
even with bailout, Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink
To 5,000 , U.S. Sept. ISM manufacturing index plunges to 43.5% (worst
since 1955), Bailout Would Only Prolong Crisis: Jim Rogers ,except for scandal-scarred corrupt commerce
department which reported unexpected rise in consumer sentiment (riiiiight…things
are so hunky-dory), all news decidedly negative with home prices falling an
unexpected record 16.3 %, etc. Bailout marks
Karl Marx’s comeback This is not brain surgery and the fraud,
bonuses/compensation (mortgages, subprime and otherwise, are only a relatively
small portion of the fraud/scam providing “cover/collateral” for the worthless
but heavily commissioned paper over and over again in a multiplicity of
different forms of worthless paper) in the mega-billions should first be
disgorged before taxpayers are forced to pony up and pay the frauds again for
their fraud which caused the problem in the first instance, must be prosecuted.
It should also be noted that despite the rhetoric, the wall street bailout
will NOT solve the crisis or eliminate the economic pain except to make
permanent the fraudulent wealth transfer to the most well healed
heals/frauds/criminals in the nation who caused the so-called crisis by their
greed/corruption/fraud. All news
decisively negative as WaMu becomes biggest bank to fail in US history (AP),
GDP revised downward to 2.8% in second quarter (the market previously rallied
on the false news and rallies again on the true bad news), only 30% at most
support the taxpayer bailout of the wall street frauds so count on tax revolts
as predicted by experts if the same passes , Sell into any rallies/take profits
as all problems remain and will be exacerbated by the fact that the vast
majority of taxpayers rationally and correctly opposed the bailout of the wall
street criminals who benefited from the fraud. Reaction has been fast and
furious 9-28-08[2:38 am]; take a look at some initial comments. Sell into any
strength/take profits because with bank failures and raids on taxpayer funds
and reckless printing like mad of worthless Weimar dollars and fake
data/reports and lies this is worse than recession/bear market, New Home Sales Plunged 11.5% to 17-Year Low and home
inventories up, jobless claims up and durable goods orders down far more than
expected, home prices drop by record 9.5%, existing home sales down 2.2% as
they continue to foist the wall street criminal/fraud bailout on taxpayers which
Bloomberg now pegs at a cost of $5 trillion
while other economists/experts say hundreds of trillions [which means $700
billion down the tubes into the pockets of the wall street criminals (make them
pay) who created the mess through their greed/fraud/scams and who’ve already
reaped huge financial sums in the many billions through compensation/bonuses
(mortgages, subprime and otherwise, are only a relatively small portion of the
fraud/scam providing “cover/collateral” for the worthless but heavily
commissioned paper over and over again in a multiplicity of different forms of
worthless paper]; Motek’s financial expert, Financial Times Business Editor
cites thoroughly gloomy economic picture globally and u.s. particularly, record
levels of borrowing from fed, even with passage of bailout dire
economic/financial scenario will remain, and axiomatic ‘buy on the rumor, sell
on the news’ picture for stocks while his expert/economist/investor/entertainer
(Ben Stein) says outrageous to bail out wall street criminals who should be in
prison [and who should pay back/disgorge the hundreds of billions they’ve been
scamming by repackaging/recollateralizing commissioning and reselling of which
fraud/bubble I’ve been warning for over 5 years on this site-indeed they even
have been exempted by congress for RICO liability and meaningfully lawless
application of other laws as I reiterate in my RICO
Summary under penalty of perjury to the FBI at their request including RICO
violations by Sam Alito, former u.s. attorney (District of new jersey) who
parlayed obstruction of justice (I’ve sworn to this regarding drug-money
laundering) into judicial appointments to the 3rd circuit court of appeals with
maryanne trump (Barry) and now the so-called supreme court (he should have gone
to jail) justice; how could anyone even listen to bush (WMD’s in Iraq-I also
warned against that debacle/fraud/war crimes/profiteering) ] and he further
says let the ceo’s go and some of the failed institutions fail condemning the
outrageousness of the lack of oversight in this huge fraud/wealth transfer; and
hanky panky paulson the wall street shill whose $50 million in blind trust and
$20 million in vanguard benefits from this bailout by the taxpayers, The Fed is Making a Killing on Banking Crisis , so great opportunity to sell/take profits while
you still can. One democrat said that with
3 months remaining in war criminal (remember the lies) bush’s lamentable failed
presidency the grab based on fear that bailout of the criminals who caused the
problem and made huge sums from their heavily commissioned fraud will avoid
what already is can only be deemed another fraudulent wealth transfer akin to
the war crimes in Iraq, which budget-busting conflict is also part of america’s
problem, is preposterous on it’s face.A
republican said that the so-called over-sight provision utilizes a standard of
judicial review that would render impossible any purported review/abrogation
(and after the fact at that) of paulson’s largesse to his bro’s on wall street
and bush buddies. Mike Stathis The Market Oracle September
22, 2008… As far as I’m concerned, anyone who doesn’t conduct a full
investigation of this charade leading to several CEOs and other executives in
prison with all of their assets being shuttled into America’s bailout fund
doesn’t have what it takes to lead America anywhere except on its current
course – downward. But it doesn’t really matter at this point anyway.
Washington and the greedy bankers have ensured the end of what was once a great
and proud nation filled with hope and opportunity. … , Dollar Weakens Most Against Euro Since 2001 on U.S. Deficit ,
Financial terrorism: US taxpayers bail out Wall Street
criminals , A Bailout to Nowhere ,…Cramer had said the astonishing 779-point
rally over the past two days can only mean one thing: sell. , in this election year obfuscation/desperation to cover-up
since all real news remains decisively negative as leading indicators fall, unemployment claims rise,
but suckers’ bear market rally b**l
s**t talking points without realistic, legitimate, sound foundation previously
rallied stocks in nearly 600 point swing to the upside as wall street
shill/fraud/pointman/incompetent paulson floats new fraudulent wealth transfer
paid for by taxpayers (yet another bailout – tax revolts as predicted by
trendsresearch.com are a coming – McCain is quite right that land of fruits and
nuts man cox should be fired from the SEC; A New Resolution Trust Corp. for the Bankers? Kurt
Nimmo | Congress critters, former Fed mob
bosses want a public boondoggle along the line of the Resolution Trust Corp. to
bailout the banksters) and insurmountably increasing the defacto bankrupt
government’s debt in favor of the very
well-healed perpetrators of the fraud who should be prosecuted and forced to
disgorge their ill-gotten gains (bonuses, etc., in the multi-billions) before
even broaching the ill-advised united soviet socialist states of
america plan to have taxpayers pay for the wall street fraud, and then there
was the ridiculous spike from fed’s announced printing/creating more worthless
Weimar dollars ($180 billion - All Roads Lead To Hyperinflation ) which even
coupled with foreign contributions does not even register a blip of difference
in light of the magnitude of the amount of debt, $14 trillion private/$15
trillion public, much of which must be written down/off/non-performing . Don’t
be wall street’s (churn and earn) fool; time for them to pay up; time for you
to sell/take profits/cut losses! Housing construction
plunges 6.2 pct. in August
, Worst is yet to come,
investment strategist warns (at MarketWatch) , more gov’t bailout
taxpayer money with ever more worthless Weimar dollars (fed printing/creating
them like mad) proves the only lunatics (yes, the full moon) are not limited to
those lunatic fraudulent wall street needful things who should be prosecuted
and forced to disgorge their ill-gotten gains, as united soviet socialist states
of america (who built up communist china so who could have expected less) takes 80% stake in AIG, spreads widening as
piles of worthless debt/securities/collateral unwind so sell into these
suckers’ bear market rallies as all problems remain US Economy:
Rudderless and Reeling From Direct Hits , Federal bank
insurance fund dwindling , More Socialism for
the Bankers: Fed to “Loan” AIG $85 Billion , economy so bad oil
demand own, so cut your losses/take whatever gains/get your money out while you
still can as industrial output down much greater than expected 1.1% (for the
prior month) , Meltdown in US finance
system pummels stock market , Rogers: Dollar To Lose World Reserve Status , AIG downgraded as financial
meltdown spreads , Wall Street mauled by
Lehman bankruptcy, AIG fears , highest year over year foreclosures on
record, retail down .3% while inventories up, as bad news spurs over 150 point
swing to the upside into the close which shows irrationally fraudulent markets
trying to keep suckers sucked in for their commissioning pleasure, Bullish Sentiment Drops 30% , CBOE Put-Call Ratio Indicates Negative Outlook ,
Get Ready For the S&P 500 to Break Below 1200 ,
WaMu cut to "junk," sees $4.5
billion loss reserve (Reuters) , U.S. Trade Deficit Surges; Boosts Likelihood of Recession,
Job Losses , August
foreclosures hit another record high , federal/trade
deficits among other bad news worse than expected which previously rallied
stocks (riiiiight!) on over 300 point swing to the upside (I don’t think
so) so sell into these ephemeral
rallies/"strength”, Lehman shows wider than expected $3.9 billiion loss, Another bull joins the bears Peter Eliades now says Dow should drop below 9,000, election-year
sugar/fake reports as Pending home sales fall more than expected 3.2%
, Fannie/Freddie fail, federal takeover, taxpayer bailout (which the
frauds on wall street cheer since they believe their fraudulent gains, many
billions worth, might not be touched - they should be disgorged through
prosecution) as defacto bankrupt government to commit $100 billion each to insolvent fannie/freddie ($200 billion they
really don’t have to start with), very ridiculous so sell into ephemeral
rallies/"strength" since the same and all is very bad news Top Investor: Fannie/Freddie Bailout Serves "Bunch Of
Crooks And Incompetents" (more to follow this update on 9-7-08) suckers’ bear
market/short-covering rally into the close on 200 point swing to the upside
(riiiiight) on very bad news, nonfarm payrolls fell by 84,000 during August, bringing the unemployment rate to
6.1%, THE
LATEST FRIDAY FAILURE FOR THE U.S. BANKING INDUSTRY: US to take control of mortgage giants: reports
, Home
foreclosures reach record high , and keep in mind frauds/scams like wall street today invariably unravel as
reality bites with all news bad (except for fake news) and worse than expected
with new unemployment claims up more than 15,000 on top of terrible
back-to-school shopping/retail numbers, though still sugar-coated for election
year as sales at GM down 20% Ford down 26%, bankruptcies up, credit union taken
over by feds, August ISM Index down below 50
indicating contraction, construction spending fell a
larger-than-expected 0.6%, and spending down to lowest
level in 3 years with income declining .7% in contrast to previous day’s
suckers’ bear market rally on light volume so great time to sell/take profits
while you can since all problems remain] Election-year feel good typically
false/embellished at best temporary report on GDP 58% better than private
forecasts along with that bastion of american credibility, the scandal scarred
prevaricating commerce department comes through with fraudulent talking point
for the wall street frauds with durable goods numbers exceeding private
economist estimates by 400% (I don’t think so!), as one of Motek’s experts says
GDP number from government, at best temporary blip from rebate stimulous (those
election-year monies/printed Weimar dollars debt-ridden u.s. doesn’t really
have) and multi-national exports on weak dollar, seventh staight monthly
decline in payrolls in this real recession, and continued problems in financial
sector/real estate/defaults/writedowns; while another seasoned expert says doesn’t look good particularly for third and
fourth quarters. Motek’s expert says FDIC might have to borrow from treasury [ FDIC may borrow money from Treasury
], second largest quarterly loss on record from thrifts at $5.4
billion, Fannie/Freddie fail the performance test, and precipitous fall in
leading economic indicators indicative of deeper/longer recession that we’re
already in so high allocation to cash/low allocation to stocks. The Real Rate of Inflation is 13% No way to credibly
spin the record real estate price declines on high volume of foreclosure sales/high unsold inventories,
high inflation as other than the economic debacle it is, Motek’s expert
reiterates reality of this bear market, that stocks will resume slide, good
time to sell since pricey/frothy at avg. 24 P/E, that Freddie/Fannie
bailout/gov’t. takeover inevitable, more troubled banks [ FDIC's Problem Banks List Balloons (at TheStreet.com)
]
as loan defaults extend losses in sub-prime, to now prime, commercial, student
loans, credit cards, even as inflation up, and outlook very bleak. Previously,
another bank failure, but they say existing home sales up greater than expected
3.1%…but from auction/foreclosure sales (40%), prices down 7% (-22% in land of
fruits and nuts) and inventories of for sale/unsold homes at new record high
since tracking began in 1968 and worse to come, Chicago index of manufacturing
down indicating further economic weakness and Motek’s expert says ‘put’
activity indicates at least 10-15% more downside from here/government bailout
ot fannie/freddie inevitable and f/f stock worthless as all news decisively bad
beyond expectations though fudged to upside for election year and yet bernanke
who is printing worthless hyperinflationary Weimar dollars like mad soothed
(gives them fraudulent talking point) the frauds on wall street saying
essentially the economy is so bad inflation less of a problem (and no interest
rate hike-old news because of economic weakness and bad for dollar) sparking
suckers bear market rally on light volume, Buffett: We're
still in a recession, leading indicators down .7%,
unemployment near record levels,Oil jumps $5 on US-Russia tensions, sliding dollar , hence great
opportunity to sell/take profits since all problems remain and dollar
mini-spike short-lived though some fluctuations to upside on speculation other
economies will tank. Wholesale prices: Highest
annual rate in 27 years . The
Strong Dollar Illusion . Housing starts and building
permits posted steep declines. That hub of global manufacturing buzzing
(riiiiight!) as empire state index as measured by private economists expected
to fall -4.2% but is reported up +2.8% (almost 300% better-I don’t think so,
and don’t buy the Brooklyn bridge, watches, swamp land in jersey, etc.),
inflation news double expectations Bracing for
Inflation August 15, 2008 (BusinessWeek Growing evidence
suggests American consumers, businesspeople, and political leaders should all
be bracing for double-digit inflation, probably as early as 2009), real estate
falling, U.S. Foreclosures Rise 55%, Bank Seizures Reach High , unemployment at
recession levels, etc.,. Note the rotation into the obscure world of so-called
tech which provides, as in prior such ploys (ie., dot-com bust, more recent
bust, etc.) the world street frauds with the ability to sell the sizzle since
investors and americans generally don’t understand it (ie., iphones are a joke
where the so-called “computer” is merely a restrictor of usual computer
functions now tied into apple products and government shill co att, and anyone
who pays the premium for apple products is a fool), and all news bad albeit
fudged to the upside in this election year.
Fake trade figures, more writedowns/bad debt, still great opportunity to
sell/take profits. Just another frothy day in the rabidly fraudulent lunatic
world of wall street and great opportunity to sell/take profits since all
problems remain and dollar mini-spike short-lived. Fog of war ( U.S. Attacks Russia Through Client State Georgia –
don’t believe american lies/propaganda to the contrary) is frauds friend,
repeat three times to understand fraudulent wall street euphoria over diversion
(Georgia conflict) from their massive fraud which brought much greater than
expected losses at fannie (U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican
) and triple-digit decline to triple digit upswing so especially great
opportunity to sell/take profits as glass-half-full kind of frauds point to
increase in (foreclosure/auction/forced) home sales (riiiiight!) while they can
no longer hide substantially increased
unemployment, etc., economy so bad oil demand declining which is shill point
for next stage of (new) wall street fraud/commissioned churn and earn scam
which the taxpayers just underwrote/paid for with complicit government,
executive/legislative/judicial branches/fed. Great opportunity to sell/take
profits since all problems remain as real numbers indicate previous decline in
GDP though falsely reported as gain, greater unemployment (watch for fake
numbers from government) and much more downside to come as stocks previously
rallied on sharp increase in oil prices and ADP, A JERSEY BASED COMPANY NOT
UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON
PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE
FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED,
UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, and short-covering. The Dow Priced in Ounces of Gold: Secular
Bear Market Since '99 by Lindstrom from Seeking Alpha AP Business Highlights A private research group
says that Americans remain the most pessimistic about the economy since the
tail end of the last prolonged recession 16 years ago. But economists warn that
the slight uptick, which reverses a six-month slide since January, is likely to
be only temporary and doesn't signal the beginning of a rally…Yahoo… the survey only has weak correlation with actual spending,
so Briefing.com
does not put too much stock in the report.] Quantifying Inflation by Zigler from Seeking
Alpha, Housing report bruises frauds on wall street with reality
but false report from corrupt, scandal-scarred, criminal commerce department
(contrary to all expectations and contrary to all regional fed manufacturing
indices which declined) provides fake report and fraudulent lift . Great Opportunity
to Sell/Take Profits as Reality trumps bull s**t! Sell dollar denominated
assets as all problems remain. El-Erian: Buy more foreign stocksEven
in this century's darkest days of recession and war, U.S. households kept on
spending. But one of the smartest investors on the planet says the American
consumer is finally out of steam. Even if, and it is not, oil were the only
problem, the same is just a disruption away from a spike. Suckers’ bear
market/short-covering rally based on bull s**t alone, this time by wall street
shill paulson whose bailout rhetoric brings ‘irrational exuberance’ since wall
street frauds should be prosecuted, required to disgorge ill-gotten gains, and
jailed since they’re the ones who benefited and are escaping accountability by
the bailout. Except for multi-nationals and corporate welfare recipients (ie.,
Lockheed, etc.), greater than expected losses in not millions but billions
rallied the stocks. Remember, these are huge financial institutions unlike the
tiny S&Ls of the last banking fraud/wealth transfer (to frauds at expense
of taxpayers). Leading indicators revised down (after ‘election year keep the
incumbents’ fake report). What do you expect the wall street frauds/criminals
who should be held accountable and the failed (and illegal- constitution would
have to be amended to enable Fed to print those worthless Weimar dollars with
now even failed Fannie and Freddie getting some with taxpayer bailout) Fed to
say; admit they royally f**ked up, etc.,
better than expected very bad news, ie., Citibank loses only $2.5
billion, hyperinflation, over 200% more
(suuuuure!) than expected oil inventories, GM cuts dividend, Intel monopoly
eliminates AMD, economy so bad less oil use/demand, riiiiight! What total bull
s**t! SELL INTO STRENGTH, TAKE PROFITS WHILE YOU CAN!] Similarities
between 1929 and 2008 terrifying [In just the
month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq
lost 9.10%. For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while
the Nasdaq had an anemic 0.61% gain. For the first half, the Dow is down
14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%. Since their
high point last October, the Dow gave up 19.87%; the S&P dropped 18.22%; and
the Nasdaq is down 19.80%. A 20% drop from a market peak is considered the
start of a bear market — although many analysts say Wall Street already has a
bear market mentality (because the bear market already is. Some chart data/numbers on bear markets: first
chart second
chart).] FAKE GOV’T/ETC.
ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS,
EARNINGS NOT AS BAD AS EXPECTATIONS
(SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS)
WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS
(PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND
BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION
THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO)
ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS
FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT
TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%,
AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008:
The Great Depression. High Likelihood of a Market Crash Similarities
between 1929 and 2008 terrifying I
WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR
POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN
AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO
STRENGTH/TAKE PROFITS/SELL). SUCKERS’ BEAR MARKET/SHORT COVERING RALLY/NEW
BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE
PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9
INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST
PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE
TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS
THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH
AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS
SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO
RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY. Bank
issues global stock and credit crash alert... Write
Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'--
Subprime is a Just a 'Vorspeise' . 5 REASONS WHY
THE FED HAS FAILED. GREENSPAN: NO
REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND
WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX
TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO
FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO
MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS
TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, suckers’
bear market rally into the close, Analysts say
more U.S. banks will fail Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel
Soon Fannie Plan a `Disaster' to
Rogers; Goldman Says Sell , why would anyone hold/invest in dollars (deficits, trade and
budget substantial, economic growth declining) so sell/take profits, if you’re
smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors
were encouraged by the possibility of more contributions to their fraud, and
Paulson says things are not as bad as the reports in this election year; he’s
right; they’re much worse! Remember greenspan’s perpetual envy of all the world
speeches; now Bernanke printing hyperinflationary Weimar dollars like mad;
they’re dreaming. Similarities
between 1929 and 2008 terrifying U.S. stocks post sharp weekly losses; bear market that
already is now said nears , Stocks tumble as more bad economic news piles up,
Wave of bad news sends Dow down nearly 360, Sales of new homes
tumbled for the sixth time in seven months in May while median prices kept
plunging, American Express sees worsening credit conditions, but fake
government report of higher than expected oil inventories (riiiiight!) rallies
stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low
, BlackRock sees global slowdown
worsening in 2009 , DOWNGRADES OF
BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA,
AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON
COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY
POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED
AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A
GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND
PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW
YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS
BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT
OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28
YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES
(IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL
TO THE UPSIDE GOING FORWARD AS LESS
ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO
INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES
ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP
MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH
REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000,
RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS
SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE
COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE
SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE
SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA,
VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND
ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER
PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE
COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS
THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH
OIL PRICES, BERNANKE JAWBONES DOLLAR
UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE
INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST
SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE
FALSE DATA, IE., 6-5-08 UNEMPLOYMENT
CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS
INCLUDING HOME EQUITY AT LOWEST LEVELS
SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING
AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME
OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG)
MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON
WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS,
NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE
RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG
DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING
LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION,
CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING
$2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE
DECLINES FOR REAL ESTATE OF RECORD
–14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER
INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS
RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS
CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR
INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT
ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY),
DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST
QUARTER GROWTH TO .9% (SUUUUURE… YOU
THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE
LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT
AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY
YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES
INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN
TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH
ENVIRONMENT FOR REFINERS. DON’T FORGET:
THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN
GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF
SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION. Bank
issues global stock and credit crash alert... Write
Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next
Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' U.S. faces global funding crisis, warns Merrill Lynch More doom for global economy Visualizing Dow 6,000 ] ...Yahoo Market Update... ..… AP Business
Highlights … U.S. Economy: The Worst is Yet to
Come , U.S. Bank Failures Loom , New reports give bleak
outlook on housing, economy, Foreclosures hit a record high — and more
coming, Ford readies white-collar layoffs as sales tumble While GM
Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters))
(8-31-09)
Dow
9,496 -48 To stamp out fraud, no change from suckers’ rally worth
reporting for second, third, fourth weeks of March and April -436 for the first week of March -12% for the month of February -8.8% (-775) for the
month of January -1% for fourth week of
January -2.5% for third week of January -4% for second week of January -5% for first full week of
January -34% for the year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 2009 -20 To stamp out fraud, no change from
suckers’ rally worth reporting for second, third, fourth weeks of March and April -84 for
the first week of March -7% for the month of
February -6.4% (-101) for the month of
January -1% for fourth week of January
-3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P
500 1,020 -8 To stamp out fraud, no change from
suckers’ rally worth reporting for second,
third, fourth weeks
of March and
April -52 for the first week of March -11%
for the month of February -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $69.96
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.76 (reg. gas in LAND
OF FRUITS AND NUTS $3.05 REG./ $3.16
MID-GRADE/ $3.25 PREM./ $2.95 DIESEL)/
GOLD $953 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $14.91
PLATINUM $1,238 / DOLLAR= .69 EURO, 93 YEN, .59 POUND STERLING, ETC. (How low
can you go - LOWER)/ 10 YR NOTE YIELD 3.41% …..… AP Business Highlights … ...Yahoo Market Update... ]
YAHOO - BRIEFING.COM Weekly Recap
Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Must Read
Economic/Financial Data This Depression is
just beginning The Next Wave of Collapse is Coming Sooner than you think
ABSOLUTELY,
ABSURDLY, RIDICULOUS! STILL GREAT OPPORTUNITY TO SELL / TAKE PROFITS WHILE YOU
CAN IN THIS UNIQUELY PREPOSTEROUS AND FRAUDULENT ENVIRONMENT WITH ONLY
EXTREMELY MODEST LOSSES RELATIVE TO REALITY BASED ON FAKE DATA BETTER THAN
EXPECTATIONS MANTRA, EVER MORE WORTHLESS WEIMAR DOLLAR, INCREASED FORECLOSURE
SALES AND BEN (HE STILL HAS A JOB - AS AMERICANS LOSE THEIRS) BERNANKE BULL
S**T (REMEMBER HIS NO RECESSION TALKS, MANY OF THEM, TO FROTH THE MARKET THEN
AS NOW AND HOW MANY SUCKERS’ POINTS TO THE UPSIDE THEREFROM – WHAT TOTAL BULL
S**T, WHAT FRAUDS!) EVEN AS ECONOMIST KELLNER JOINS THE RATIONAL CROWD SAYING
ECONOMY WILL COLLAPSE UNDER ITS OWN WEIGHT IN 2010 AND CONTINUED BAD NEWS [ INSIDERS ARE DUMPING STOCK Insiders
Selling Stocks at Highest Level Since May 2008 (8-31-09) INSIDERS CONTINUE TO SELL, SELL, SELL (AT
SEEKING ALPHA 8/13/09) PAPER: FRESH ALERT ON GLOBAL
STOCK MARKETS... The Great
Depression and Today - Sobering Parallels Abound Roubini: “When Governments
Reach the Point Where They Are Borrowing to Pay the Interest on Their Borrowing
They Are … Running a Ponzi Scheme” Economic Collapse: Bank Runs, China, Peter Schiff,
Gerald Celente, Max Keiser Commercial
Real Estate Next Mortgage Crisis Federal
Reserve made $14 billion on turmoil loans Banks' struggles have
worsened... Lehman claims could reach $100 billion: PwC [$$] Raft of Deals for Failed Banks Puts U.S. on Hook for
Billions (at The Wall Street Journal Online) Three more banks fail; 2009 total hits 84 Goldman "Trading Huddles" Expose Fiction
of Level Playing Field 1,000 Banks to Fail In Next Two Years AP sources: $2 trillion higher deficit projected (AP) Judge
Orders Fed To Disclose Who Received Bailout Trillions Zero Hedge Claims that the
Federal Reserve ITSELF Traded Over a Trillion Dollars Worth of Derivatives in
March Alone Geithner: Auditing the Fed is a “line that we don’t want
to cross” The Federal Reserve Must Die “True Deleveraging Has Not
Begun Yet Because Losses of Financial Institutions Have Been Socialized” Obama Predicts Unemployment,
Deficits Far Worse Than Previously Stated... Grim... "Artificially Sweetened" Market Could Face
"Seismic Readjustment," Harrison Says Official: Real unemployment
rate at 16%... WSJ: Dollar Steadily Losing
Influence... Senator warns of
hyperinflation... Failed banks mount; Ga, Ala, and large Texas banks shut Learn
to Love the Depression US jobless claims in surprise jump for second week WHY DO EQUITY MARKETS DISAGREE WITH
THE DATA? Brookings “Experts” Admit Stimulus a Bust Analyst warns of 150-200 more U.S. bank failures Government Revises Deficit Estimates Again: We Will Exceed
Expectations Manufacturing Jobs Drop To Lowest Level Since 1941 What rebound? Foreclosures rise as jobs and income drop Fed to Steal State Pension Funds IMF Says You’ll Have to Pay More Taxes The risk of continuing depression rising CALPERS IS UNSUSTAINABLE What rebound? Foreclosures
rise... Grab Your Shorts, The Correction Has Begun THE
SECOND WAVE OF THE DEPRESSION: HYPERINFLATION IS LIKELY THE FDIC IS BROKE. NOW WHAT? (PART II) DOLLAR TO DECLINE AMID
CONCERN AS IT 'LOSES RESERVE STATUS'... JOBLESS
SPIKE COMPOUNDS FORECLOSURE CRISIS STOCKS
SLIDE ON ECONOMY CONCERN WORLD STOCKS, OIL TUMBLE ON U.S. FRAUD EXPOSURE AND CONSUMER
WORRIES Connecticut
Not Learning the Right Lessons from California Weekly Market Outlook: Commercial Real Estate Continues to
Deteriorate Retail sales fall, new jobless claims rise
(Reuters) US
Home Foreclosures Set Another Record in July Colonial BancGroup shut down by
federal officials (largest bank failure this year) (AP) Economist:
Claim that Economy Has Recovered “Is Like Somebody Borrowing Money from Their
Uncle and Then Celebrating that Their Income Has Gone Up” ]
PERSONAL & BUSINESS BANKRUPTCIES UP, WORTHLESS WEIMAR DOLLAR DOWN,
FORECLOSURES UP (32% YOY AND 7% MOM AT NEW RECORD, 50% HOMES UNDERWATER,
COMMERCIAL TO FOLLOW), CONFIDENCE REALISTICALLY DOWN, $100+ OIL AROUND CORNER
(2010-HOGAN); CELENTE-DEPRESSION NOW UNDERWAY
Bob Prechter Quite Sure Next Wave Down Will Be Bigger
and March Lows Will Break Gerald Celente 2.5 Million Jobs Lost Since Obama’s
Presidency PAPER: Fresh alert on global
stock markets...
TO KEEP SUCKERS SUCKERED [ Insiders Continue to Sell, Sell, Sell (at Seeking Alpha –
8/13/09) (7-29-09) Insiders Selling at Alarming
Levels Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [Tarp banks award billions in bonuses... Goldman Sachs on pace for record bonuses: report
(Reuters) Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly Max Keiser: Prosecute the Bankster Crime Syndicate The Market's Horoscope:
Downside Correction ! [ Entering
the Greatest Depression in History Andrew Gavin
Marshall | The crisis has many bubbles, all of which dwarf the
housing bubble burst of 2008. Geithner asks
Congress for higher U.S. debt limit U.S.
regulators close 3 banks, total now 72 US deficit
climbs to 1.3 trillion dollars This Depression is
just beginning The Next Wave of Collapse is Coming Sooner than you think
Back in the Great Depression of 1929 through the 1930’s, we saw
a similar Zig-zag pattern. There was a crash in 1929, followed by a nice rally,
but then the most devastating part of the market collapse followed into the
1930’s. SELL / TAKE PROFITS
WHILE YOU CAN!
(8-28-09)
Dow
9,544 -36 To stamp out fraud, no change from suckers’ rally worth
reporting for second, third, fourth weeks of March and April -436 for the first week of March -12% for the month of February -8.8% (-775) for the
month of January -1% for fourth week of
January -2.5% for third week of January -4% for second week of January -5% for first full week of
January -34% for the year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 2028 +1 To stamp out fraud, no change from suckers’
rally worth reporting for second, third, fourth weeks of March and April -84 for
the first week of March -7% for the month of
February -6.4% (-101) for the month of
January -1% for fourth week of January
-3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P
500 1,028 -2 To stamp out fraud, no change from
suckers’ rally worth reporting for second,
third, fourth weeks
of March and
April -52 for the first week of March -11%
for the month of February -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $72.74
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.74 (reg. gas in LAND
OF FRUITS AND NUTS $3.05 REG./ $3.16 MID-GRADE/
$3.25 PREM./ $2.95 DIESEL)/ GOLD $959 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $14.78
PLATINUM $1,258 / DOLLAR= .69 EURO, 93 YEN, .59 POUND STERLING, ETC. (How low
can you go - LOWER)/ 10 YR NOTE YIELD 3.45% …..… AP Business Highlights … ...Yahoo Market Update... ]
YAHOO - BRIEFING.COM Weekly Recap
Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Must Read
Economic/Financial Data This Depression is
just beginning The Next Wave of Collapse is Coming Sooner than you think
ABSOLUTELY,
ABSURDLY, RIDICULOUS! GREAT OPPORTUNITY TO SELL / TAKE PROFITS WHILE YOU CAN IN
THIS UNIQUELY PREPOSTEROUS AND FRAUDULENT ENVIRONMENT WITH ONLY EXTREMELY
MODEST LOSSES RELATIVE TO REALITY BASED ON FAKE DATA BETTER THAN EXPECTATIONS
MANTRA, EVER MORE WORTHLESS WEIMAR DOLLAR, INCREASED FORECLOSURE SALES AND BEN
(HE STILL HAS A JOB - AS AMERICANS LOSE THEIRS) BERNANKE BULL S**T (REMEMBER
HIS NO RECESSION TALKS, MANY OF THEM, TO FROTH THE MARKET THEN AS NOW AND HOW
MANY SUCKERS’ POINTS TO THE UPSIDE THEREFROM – WHAT TOTAL BULL S**T, WHAT
FRAUDS!) EVEN AS ECONOMIST KELLNER JOINS THE RATIONAL CROWD SAYING ECONOMY WILL
COLLAPSE UNDER ITS OWN WEIGHT IN 2010 AND CONTINUED BAD NEWS [ INSIDERS ARE DUMPING STOCK INSIDERS CONTINUE TO SELL, SELL, SELL (AT
SEEKING ALPHA 8/13/09) PAPER: FRESH ALERT ON GLOBAL
STOCK MARKETS... The Great
Depression and Today - Sobering Parallels Abound Roubini: “When Governments
Reach the Point Where They Are Borrowing to Pay the Interest on Their Borrowing
They Are … Running a Ponzi Scheme” Economic Collapse: Bank Runs, China, Peter Schiff,
Gerald Celente, Max Keiser Three more banks fail; 2009 total hits 84 Goldman "Trading Huddles" Expose
Fiction of Level Playing Field 1,000 Banks to Fail In Next Two Years AP sources: $2 trillion higher deficit projected (AP) Judge
Orders Fed To Disclose Who Received Bailout Trillions Zero Hedge Claims that the
Federal Reserve ITSELF Traded Over a Trillion Dollars Worth of Derivatives in
March Alone Geithner: Auditing the Fed is a “line that we don’t want
to cross” The Federal Reserve Must Die “True Deleveraging Has Not
Begun Yet Because Losses of Financial Institutions Have Been Socialized” Obama Predicts Unemployment,
Deficits Far Worse Than Previously Stated... Grim... "Artificially Sweetened" Market Could Face
"Seismic Readjustment," Harrison Says Official: Real unemployment
rate at 16%... WSJ: Dollar Steadily Losing
Influence... Senator warns of
hyperinflation... Failed banks mount; Ga, Ala, and large Texas banks shut Learn
to Love the Depression US jobless claims in surprise jump for second week WHY DO EQUITY MARKETS DISAGREE WITH
THE DATA? Brookings “Experts” Admit Stimulus a Bust Analyst warns of 150-200 more U.S. bank failures Government Revises Deficit Estimates Again: We Will Exceed
Expectations Manufacturing Jobs Drop To Lowest Level Since 1941 What rebound? Foreclosures rise as jobs and income drop Fed to Steal State Pension Funds IMF Says You’ll Have to Pay More Taxes The risk of continuing depression rising CALPERS IS UNSUSTAINABLE What rebound? Foreclosures
rise... Grab Your Shorts, The Correction Has Begun THE
SECOND WAVE OF THE DEPRESSION: HYPERINFLATION IS LIKELY THE FDIC IS BROKE. NOW WHAT? (PART II) DOLLAR TO DECLINE AMID
CONCERN AS IT 'LOSES RESERVE STATUS'... JOBLESS
SPIKE COMPOUNDS FORECLOSURE CRISIS STOCKS
SLIDE ON ECONOMY CONCERN WORLD STOCKS, OIL TUMBLE ON U.S. FRAUD EXPOSURE AND CONSUMER
WORRIES Connecticut
Not Learning the Right Lessons from California Weekly Market Outlook: Commercial Real Estate Continues to
Deteriorate Retail sales fall, new jobless claims rise
(Reuters) US
Home Foreclosures Set Another Record in July Colonial BancGroup shut down by
federal officials (largest bank failure this year) (AP) Economist:
Claim that Economy Has Recovered “Is Like Somebody Borrowing Money from Their
Uncle and Then Celebrating that Their Income Has Gone Up” ]
PERSONAL & BUSINESS BANKRUPTCIES UP, WORTHLESS WEIMAR DOLLAR DOWN,
FORECLOSURES UP (32% YOY AND 7% MOM AT NEW RECORD, 50% HOMES UNDERWATER,
COMMERCIAL TO FOLLOW), CONFIDENCE REALISTICALLY DOWN, $100+ OIL AROUND CORNER
(2010-HOGAN); CELENTE-DEPRESSION NOW UNDERWAY
Bob Prechter Quite Sure Next Wave Down Will Be Bigger
and March Lows Will Break Gerald Celente 2.5 Million Jobs Lost Since Obama’s
Presidency PAPER: Fresh alert on global
stock markets...
TO KEEP SUCKERS SUCKERED [ Insiders Continue to Sell, Sell, Sell (at Seeking Alpha –
8/13/09) (7-29-09) Insiders Selling at Alarming
Levels Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [Tarp banks award billions in bonuses... Goldman Sachs on pace for record bonuses: report
(Reuters) Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly Max Keiser: Prosecute the Bankster Crime Syndicate The Market's Horoscope:
Downside Correction SELL / TAKE
PROFITS WHILE YOU CAN!
(8-27-09)
Dow
9,580 +37 To stamp out fraud, no change from suckers’ rally worth
reporting for second, third, fourth weeks of March and April -436 for the first week of March -12% for the month of February -8.8% (-775) for the
month of January -1% for fourth week of
January -2.5% for third week of January -4% for second week of January -5% for first full week of
January -34% for the year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 2027 +3 To stamp out fraud, no change from
suckers’ rally worth reporting for second, third, fourth weeks of March and April -84 for
the first week of March -7% for the month of
February -6.4% (-101) for the month of
January -1% for fourth week of January
-3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P
500 1,030 +2 To stamp out fraud, no change from
suckers’ rally worth reporting for second,
third, fourth weeks
of March and
April -52 for the first week of March -11%
for the month of February -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $72.49
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.74 (reg. gas in LAND
OF FRUITS AND NUTS $3.05 REG./ $3.16
MID-GRADE/ $3.25 PREM./ $2.95 DIESEL)/
GOLD $947 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $14.22
PLATINUM $1,238 / DOLLAR= .69 EURO, 93 YEN, .59 POUND STERLING, ETC. (How low
can you go - LOWER)/ 10 YR NOTE YIELD 3.45% …..… AP Business Highlights … ...Yahoo Market Update... ]
YAHOO - BRIEFING.COM Weekly Recap
Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Must Read
Economic/Financial Data This Depression is
just beginning The Next Wave of Collapse is Coming Sooner than you think
ABSOLUTELY,
ABSURDLY, RIDICULOUS! GREAT OPPORTUNITY TO SELL / TAKE PROFITS WHILE YOU CAN IN
THIS UNIQUELY PREPOSTEROUS AND FRAUDULENT ENVIRONMENT WITH SUCKERS’ BEAR MARKET
RALLY CONTINUING BASED ON FAKE DATA BETTER THAN EXPECTATIONS MANTRA, EVER MORE
WORTHLESS WEIMAR DOLLAR, INCREASED FORECLOSURE SALES AND BEN (HE STILL HAS A
JOB - AS AMERICANS LOSE THEIRS) BERNANKE BULL S**T (REMEMBER HIS NO RECESSION
TALKS, MANY OF THEM, TO FROTH THE MARKET THEN AS NOW AND HOW MANY SUCKERS’
POINTS TO THE UPSIDE THEREFROM – WHAT TOTAL BULL S**T, WHAT FRAUDS!) EVEN AS
ECONOMIST KELLNER JOINS THE RATIONAL CROWD SAYING ECONOMY WILL COLLAPSE UNDER
ITS OWN WEIGHT IN 2010 AND CONTINUED BAD NEWS [ INSIDERS ARE DUMPING STOCK INSIDERS CONTINUE TO SELL, SELL, SELL (AT
SEEKING ALPHA 8/13/09) PAPER: FRESH ALERT ON GLOBAL
STOCK MARKETS... The Great
Depression and Today - Sobering Parallels Abound Goldman "Trading Huddles" Expose
Fiction of Level Playing Field 1,000 Banks to Fail In Next Two Years AP sources: $2 trillion higher deficit projected (AP) Judge
Orders Fed To Disclose Who Received Bailout Trillions Zero Hedge Claims that the
Federal Reserve ITSELF Traded Over a Trillion Dollars Worth of Derivatives in
March Alone Geithner: Auditing the Fed is a “line that we don’t want
to cross” The Federal Reserve Must Die “True Deleveraging Has Not
Begun Yet Because Losses of Financial Institutions Have Been Socialized” Obama Predicts Unemployment,
Deficits Far Worse Than Previously Stated... Grim... "Artificially Sweetened" Market Could Face
"Seismic Readjustment," Harrison Says Official: Real unemployment
rate at 16%... WSJ: Dollar Steadily Losing
Influence... Senator warns of
hyperinflation... Failed banks mount; Ga, Ala, and large Texas banks shut Learn
to Love the Depression US jobless claims in surprise jump for second week WHY DO EQUITY MARKETS DISAGREE WITH
THE DATA? Brookings “Experts” Admit Stimulus a Bust Analyst warns of 150-200 more U.S. bank failures Government Revises Deficit Estimates Again: We Will Exceed
Expectations Manufacturing Jobs Drop To Lowest Level Since 1941 What rebound? Foreclosures rise as jobs and income drop Fed to Steal State Pension Funds IMF Says You’ll Have to Pay More Taxes The risk of continuing depression rising CALPERS IS UNSUSTAINABLE What rebound? Foreclosures
rise... Grab Your Shorts, The Correction Has Begun THE
SECOND WAVE OF THE DEPRESSION: HYPERINFLATION IS LIKELY THE FDIC IS BROKE. NOW WHAT? (PART II) DOLLAR TO DECLINE AMID
CONCERN AS IT 'LOSES RESERVE STATUS'... JOBLESS
SPIKE COMPOUNDS FORECLOSURE CRISIS STOCKS
SLIDE ON ECONOMY CONCERN WORLD STOCKS, OIL TUMBLE ON U.S. FRAUD EXPOSURE AND CONSUMER
WORRIES Connecticut
Not Learning the Right Lessons from California Weekly Market Outlook: Commercial Real Estate Continues to
Deteriorate Retail sales fall, new jobless claims rise
(Reuters) US
Home Foreclosures Set Another Record in July Colonial BancGroup shut down by
federal officials (largest bank failure this year) (AP) Economist:
Claim that Economy Has Recovered “Is Like Somebody Borrowing Money from Their
Uncle and Then Celebrating that Their Income Has Gone Up” ]
PERSONAL & BUSINESS BANKRUPTCIES UP, WORTHLESS WEIMAR DOLLAR DOWN, FORECLOSURES
UP (32% YOY AND 7% MOM AT NEW RECORD, 50% HOMES UNDERWATER, COMMERCIAL TO
FOLLOW), CONFIDENCE REALISTICALLY DOWN, $100+ OIL AROUND CORNER (2010-HOGAN);
CELENTE-DEPRESSION NOW UNDERWAY Bob Prechter Quite Sure Next Wave Down Will Be Bigger
and March Lows Will Break Gerald Celente 2.5 Million Jobs Lost Since Obama’s
Presidency PAPER: Fresh alert on global
stock markets...
TO KEEP SUCKERS SUCKERED [ Insiders Continue to Sell, Sell, Sell (at Seeking Alpha –
8/13/09) (7-29-09) Insiders Selling at Alarming
Levels Insiders Exit Shares at the Fastest
Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [Tarp banks award billions in bonuses... Goldman Sachs on pace for record bonuses: report
(Reuters) Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly Max Keiser: Prosecute the Bankster Crime Syndicate The Market's Horoscope:
Downside Correction ! [ Entering
the Greatest Depression in History Andrew Gavin
Marshall | The crisis has many bubbles, all of which dwarf the
housing bubble burst of 2008. Geithner asks
Congress for higher U.S. debt limit U.S.
regulators close 3 banks, total now 72 US deficit
climbs to 1.3 trillion dollars This Depression is
just beginning The Next Wave of Collapse is Coming Sooner than you think
Back in the Great Depression of 1929 through the 1930’s, we saw
a similar Zig-zag pattern. There was a crash in 1929, followed by a nice rally,
but then the most devastating part of the market collapse followed into the
1930’s. Feds Hit With Biggest Tax Revenue Drop Since
1932... The Great Depression Two Continues There is no coincident data which is
demonstrating this recession is over. Some may be at the bottom, others have a
way to go… An Artifical
Recovery [$$] Why I Went Fully Into
Cash Bob Prechter "Quite Sure" Next Wave Down
Will Be Bigger and March Lows Will Break A REALITY CHECK ON U.S. 'ECONOMIC
RECOVERY' Jeff Nielson - U.S. equities
are rallying again today, and (as usual) it is a rally with no basis in
reality. Most of the enthusiasm comes from another
string of corporate quarterly results which “beat expectations”. I had hoped
that the sheep were starting to clue-in to this silly game, however it appears
there is a still a large pack of Pavlov's Dogs out there – who respond to their
propaganda cues without a moment of actual thought. The truth is that all of
the companies “beating expectations” are still reporting steadily worse results
year-over-year – and in many cases, much worse results. Among the few
exceptions are U.S. financial corporations. However, since accounting-fraud was
legalized in the United States (see “FASB strong-armed into mark-to-fantasy accounting”),
their bottom-lines have had absolutely no connection to their business
operations… The
Real Economy Versus the Make-Believe World of the Government and Financial
Giants In the real economy, unemployment is at
Depression-era levels. Top firms' pension funds plummet Consumer bankruptcies jump 34%
Nine Of Ten Sectors Overbought This Depression is
just beginning US companies
axe 371,000 jobs in July Half of U.S.
mortgages seen underwater by 2011... Recovery ‘not in sight’ says BMW ] CONTINUED
FRAUD WITH PROGRAMMED SUCKERS’ RALLY DESPITE NEW RECORD FOR CONTINUING
UNEMPLOYMENT CLAIMS AT 6.3 MILLION AND AS I WARNED, WATCH FOR FAKE REPORTS IN
DESPERATION – AND LABOR DEPT. CAME THROUGH WITH FAKE REPORT AND NEW LIE BASED
UPON PEOPLE STOPPED LOOKING FOR JOBS SO THEIR RATE 9.4 BUT OBAMA SAYS 10% -
REALITY IS UNEMPLOYMENT RATE IS WELL OVER 10%, THEN AIG SOARS ON “PROFIT” WITH
$87 BILLION IN TAXPAYER FUNDS TO PLAY WITH
[ Max Keiser: Prosecute the Bankster Crime Syndicate Insiders Continue to Sell, Sell, Sell (at Seeking Alpha) PAPER: Fresh alert on global
stock markets... Retail sales fall, new jobless claims rise (Reuters) US
Home Foreclosures Set Another Record in July (7-29-09)
Insiders Selling at Alarming Levels …Although the level of insider selling is certainly
alarming it's important to note that the very low levels of buying are
particularly alarming. Insiders sell stock for many reasons, but they generally
only buy stock for one reason: they believe the stock is going up. Despite the
fact the media is reporting an end to the recession, a bottom in housing and a
trough in earnings we are seeing a vote of zero confidence from the people who
know these companies better than anyone else…
Entering
the Greatest Depression in History Andrew Gavin
Marshall | The crisis has many bubbles, all of which dwarf the
housing bubble burst of 2008. Geithner asks
Congress for higher U.S. debt limit U.S.
regulators close 3 banks, total now 72 US deficit climbs
to 1.3 trillion dollars Causes of This Depression Yet To Be Addressed Further impoverishment is on the way. More
and more will be laid off and they’ll be no new jobs available. Savings will be
exhausted and most homes that have been financed will be under water. Some banks paid bonuses bigger than income: o This Depression is
just beginning You read that right! Only $400 billion
of that fantastic 6 month “green shoots” stock market rally came from money
market accounts. The rest ($2.3 trillion) was laundered through the banks and
other financial institutions to create the appearance of recovery and to raise
equity for underwater banks rather than forcing them into receivership (which
is where they belong) Bernanke probably knew that congress wouldn’t approve
another TARP-type bailout for dodgy mortgage-backed assets, so he settled on
this shifty plan instead. The only problem is, the banks are still broke,
business investment is at historic lows, consumers are on the ropes, the
unemployment lines are swelling, the homeless shelters are bulging, the pawn
shops are bustling, tent cities are sprouting up everywhere, and according to
MarketWatch, Corporate insiders have recently been selling their companies’
shares at a greater pace than at any time since the top of the bull market in
the fall of 2007.” Face it; the economy is in the crapper and Bernanke’s
trickery hasn’t done a lick of good. The Next Wave of Collapse is Coming Sooner than you think
Back in the Great Depression of 1929 through the 1930’s, we saw
a similar Zig-zag pattern. There was a crash in 1929, followed by a nice rally,
but then the most devastating part of the market collapse followed into the
1930’s. Bob Prechter "Quite Sure" Next Wave Down
Will Be Bigger and March Lows Will Break The
Real Economy Versus the Make-Believe World of the Government and Financial
Giants In the real economy,
unemployment is at Depression-era levels.
Top firms' pension funds plummet Consumer bankruptcies jump 34%
Nine Of Ten Sectors Overbought This Depression is
just beginning Feds Hit With Biggest Tax Revenue Drop Since
1932... The Great Depression Two Continues There is no coincident data which is
demonstrating this recession is over. Some may be at the bottom, others have a
way to go… An
Artifical Recovery [$$] Why I Went Fully Into
Cash US
food stamp list tops 34 million for first time The
Banks Own the Fed, and the Central Banks Own BIS AIG
breakup nets Wall Street $1 billion bonanza: report ‘Underwater’
Mortgages to Hit 48%, Deutsche Bank Says Oil price hits $76, highest
since October...
US companies axe 371,000 jobs in July Half of U.S.
mortgages seen underwater by 2011... Recovery ‘not in sight’ says BMW Half of U.S.
mortgages seen underwater by 2011... Recovery ‘not in sight’ says BMW Recession Worse Than Prior Estimates, Revisions Show Bloomberg | The first 12 months of the U.S.
recession saw the economy shrink more than twice as much as previously
estimated, reflecting even bigger declines in consumer spending and housing,
revised figures showed.
DO YOU REALIZE HOW MANY SUCKERS’ RALLY POINTS WERE ADDED BY THE FAKE NUMBERS CONTRIBUTING
TO THIS NEW COMMISSIONING BUBBLE! REVISED: ECONOMY 2X WORSE...
The government plans big revisions to historical economic
data... Developing... Regulators shut banks in
Fla., NJ, Ohio, Okla... WASHINGTON (7-31-09) (AP) -- Regulators on Friday shut down banks in Florida, New
Jersey, Ohio, Oklahoma and Illinois, boosting to 69 the number of federally
insured banks to fail this year amid the pressures of the weak economy and
mounting loan defaults. PhD
Economist: Fed has Caused Soaring Unemployment, Millions of Foreclosures,
Millions Losing Life Savings and More than $6 Trillion in Lost Output DOLLAR DROPS TO '09 LOW...
Unemployment spreads distress in U.S. home loans Weak Treasury Auctions Raise Worries About Debt
Burden... [$$] Senate
Probes Banks for Meltdown Fraud (at The Wall Street Journal Online) Even Bernanke Admits this Could be Worse than the Great
Depression Senate probes Goldman,
Deutsche: report (Reuters)
The Real Unemployment Rate Hits a 68-Year High 2009 Looking More Like 1929 Dollar Falls to
2009 Low... U.S. Markets Decline After
Weaker Than Expected Data A REALITY CHECK ON U.S.
'ECONOMIC RECOVERY' Jeff Nielson - U.S.
equities are rallying again today, and (as usual) it is a rally with no basis
in reality. ] AND NOTHING REAL OR
POSITIVE AT ALL (IE., STILL NO PROSECUTIONS OF THE FRAUDS ON WALL STREET SO
JUST ANOTHER BUILT-IN COST BY CHURN-AND-EARN COMMISSIONS TO, DEFACTO TAX ON
NON-PERFORMING / DECLINING ECONOMY, DURABLE GOODS DOWN/FORECLOSURES UP,
CONFIDENCE REALISTICALLY DOWN, CORRUPT COMMERCE DEPARTMENT CHIMES IN WITH FAKE
NUMBERS, USED HOME SALES UP WITH DEFAULTS/ SHORT SALES, JOB LOSSES UP, BETTER
THAN EXPECTED MANTRA, GUIDANCE THAT DEFIES REALITY BY A LONG SHOT AS IN LAST
COMMISSIONABLE BUBBLE BUST, JOB/COST CUTS TO BONE, ETC.) ( Max Keiser: Prosecute the Bankster Crime Syndicate Max
Keiser: Goldman Sachs Are “Scum,” “Financial Terrorists” Bank profits not as impressive as they seem
when you take into account TARP funding, changed accounting rules to fudge
books, new stock issues, etc… um Cost
Of Bailout Hits A Whopping $24 Trillion Dollars Entering
the Greatest Depression in History Andrew Gavin
Marshall | The crisis has many bubbles, all of which dwarf the
housing bubble burst of 2008. Geithner asks
Congress for higher U.S. debt limit U.S.
regulators close 3 banks, total now 72 US deficit climbs
to 1.3 trillion dollars Stearns Crucifies Paulson On Bailout Bait And Switch
Fiscal ruin of the Western world beckons Foreign Embassies Urged to Stockpile Local Currencies
Bailout
Overseer Says Banks Misused TARP Funds Regulators shut banks in Calif., Ga. and SD ) TO KEEP
SUCKERS SUCKERED [ (7-29-09) Insiders Selling at Alarming
Levels Insiders Exit Shares at the
Fastest Pace in Two Years Bob Prechter "Quite Sure" Next Wave Down
Will Be Bigger and March Lows Will Break ] AND COMMISSION
DOLLARS FLOWING [Tarp banks award billions in bonuses... Goldman Sachs on pace for record bonuses: report
(Reuters) Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly Max Keiser: Prosecute the Bankster Crime Syndicate Corporate
Media Spotlights Distortion of Market by High Frequency Trading [$$] Big Pay
Packages Return to Wall Street as new fraud gains steam (at The Wall Street
Journal Online) Max Keiser: Goldman Sachs
gang are ’scum’ who have co-opted U.S. gov’t Max
Keiser: Goldman Sachs Are “Scum,” “Financial Terrorists” Max Keiser goes on the offensive during an
appearance on France 24 as he slams Goldman Sachs as “scum” and “financial
terrorists” who should be thrown in jail.
‘Printing
money will lead to serious problems down the road,’ says Jim Rogers Spitzer: Federal Reserve is ‘a
Ponzi scheme, an inside job’ 2009 Looking More
Like 1929 AIG
breakup nets Wall Street $1 billion bonanza: report ] BASED ON
CONTINUED BAD NEWS ( ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF
RECOVERY... Scams
And Bailouts The Cause of World Depression Insiders Continue to Sell, Sell, Sell (at Seeking Alpha
8/13/09) PAPER: Fresh alert on global
stock markets... Retail sales fall, new jobless claims rise (Reuters) US
Home Foreclosures Set Another Record in July (7-29-09) Insiders Selling at Alarming
Levels Entering
the Greatest Depression in History Andrew Gavin
Marshall | The crisis has many bubbles, all of which dwarf the
housing bubble burst of 2008. The
Market's Horoscope: Downside Correction Geithner asks
Congress for higher U.S. debt limit U.S.
regulators close 3 banks, total now 72 US deficit climbs
to 1.3 trillion dollars Causes of Depression Yet To Be Addressed Further impoverishment is on the way. More
and more will be laid off and they’ll be no new jobs available. Savings will be
exhausted and most homes that have been financed will be under water. Some banks paid bonuses bigger than income: o This Depression is
just beginning You read that right! Only $400 billion
of that fantastic 6 month “green shoots” stock market rally came from money
market accounts. The rest ($2.3 trillion) was laundered through the banks and
other financial institutions to create the appearance of recovery and to raise
equity for underwater banks rather than forcing them into receivership (which
is where they belong) Bernanke probably knew that congress wouldn’t approve
another TARP-type bailout for dodgy mortgage-backed assets, so he settled on
this shifty plan instead. The only problem is, the banks are still broke,
business investment is at historic lows, consumers are on the ropes, the
unemployment lines are swelling, the homeless shelters are bulging, the pawn
shops are bustling, tent cities are sprouting up everywhere, and according to
MarketWatch, Corporate insiders have recently been selling their companies’
shares at a greater pace than at any time since the top of the bull market in
the fall of 2007.” Face it; the economy is in the crapper and Bernanke’s
trickery hasn’t done a lick of good. The Next Wave of Collapse is Coming Sooner than you think
Back in the Great Depression of 1929 through the 1930’s, we saw
a similar Zig-zag pattern. There was a crash in 1929, followed by a nice rally,
but then the most devastating part of the market collapse followed into the
1930’s. Feds Hit With Biggest Tax Revenue Drop Since
1932... The Great Depression Two Continues There is no coincident data which is
demonstrating this recession is over. Some may be at the bottom, others have a
way to go… An
Artifical Recovery [$$] Why I Went Fully Into
Cash Bob Prechter "Quite Sure"
Next Wave Down Will Be Bigger and March Lows Will Break The
Real Economy Versus the Make-Believe World of the Government and Financial
Giants In the real economy, unemployment is at
Depression-era levels. US companies
axe 371,000 jobs in July Half of U.S. mortgages seen underwater by 2011...
Recovery ‘not in sight’ says BMW Top firms' pension funds plummet Consumer bankruptcies jump 34%
Nine Of Ten Sectors Overbought This Depression is
just beginning US
food stamp list tops 34 million for first time The
Banks Own the Fed, and the Central Banks Own BIS AIG
breakup nets Wall Street $1 billion bonanza: report ‘Underwater’
Mortgages to Hit 48%, Deutsche Bank Says Oil price hits $76, highest
since October...
US companies axe 371,000 jobs in July Half of U.S.
mortgages seen underwater by 2011... Recovery ‘not in sight’ says BMW Unemployment spreads distress in U.S. home loans Cities in the U.S. Sun Belt states of
California, Florida, Nevada and Arizona dominated the record foreclosure spree
in the first half of the year, but distress in other regions emerged as
joblessness spread, RealtyTrac said on Thursday. Recession
Worse Than Prior Estimates, Revisions Show Bloomberg | The
first 12 months of the U.S. recession saw the economy shrink more than twice as
much as previously estimated, reflecting even bigger declines in consumer
spending and housing, revised figures showed. Do you realize how many suckers’
rally points were added by the fake numbers contributing to this new
commissioning bubble! REVISED: ECONOMY 2X WORSE...
The government plans big revisions to historical economic
data... Developing... Regulators shut banks in
Fla., NJ, Ohio, Okla... WASHINGTON (AP) -- Regulators on Friday shut down banks in Florida, New
Jersey, Ohio, Oklahoma and Illinois, boosting to 69 the number of federally
insured banks to fail this year amid the pressures of the weak economy and
mounting loan defaults. PhD
Economist: Fed has Caused Soaring Unemployment, Millions of Foreclosures,
Millions Losing Life Savings and More than $6 Trillion in Lost Output DOLLAR DROPS TO '09 LOW... 75%
Favor Auditing The Fed Tarp banks
award billions in bonuses... The Real Unemployment Rate Hits a 68-Year High 2009 Looking More Like 1929 Dollar Falls to
2009 Low... Six Georgia banks
fail, bringing year tally to 64.... Rally may cool on earnings reality check Dollar Falls to Near 2009 Low as Economy Pares Refuge
Demand Ben
Bernanke Was Wrong Wall Street’s
Love Affair with Ben Bernanke Mike Whitney | bernanke knows that the country is in a Depression
Scams
And Bailouts The Cause of World Depression New US weekly jobless claims jump Its Official: U.S. Trapped in an Extended Depressionary
Cycle MICROSOFT Profit Drops 29% as
PC Slowdown Weighs on Revenue… they haven’t availed themselves of the fake
assets/books legislation recently passed... AMAZON.COM Profit
Drops 10%... Bernanke:
“I Don’t Know” Which Foreign Banks Were Given Half a Trillion Paul Joseph Watson Grayson grills Fed chairman on destination of credit
swaps. Fed:
unemployment will top 10 percent this year... Foreclosures (those increased home
sales that has been fueling suckers’ rally)
rise 15 percent in first half of 2009 (7-17) Three more banks
fail, bringing 2009 tally to more than double all of 2008 at a total thus far
of 57 Lower Markets on the Horizon Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly The Ultimate Insider Trading Scheme Max Keiser: Goldman Sachs
gang are ’scum’ who have co-opted U.S. gov’t Cost
Of Bailout Hits A Whopping $24 Trillion Dollars Stearns Crucifies Paulson On Bailout Bait And Switch
Fiscal ruin of the Western world beckons Foreign Embassies Urged to Stockpile Local Currencies
Bailout
Overseer Says Banks Misused TARP Funds TARP watchdog says Treasury lacking bank data Goldman Sachs
caused the problems in the first
place… Who can deny that? Budget deficit tops $1 trillion for first time
(AP) CIT Watch: Analysts Says Debt Load Isn't the
Only Problem Geithner Refuses to Rule Out
Continuing Using American Taxpayer as Piggy Bank for Derivatives Losses
WHITE
HOUSE ECON ADVISER CLAIMS SUCCESS: FEWER PEOPLE SEARCHING 'ECONOMIC DEPRESSION'
ON GOOGLE BECAUSE EXPERIENCING IT FIRST-HAND THEY ALREADY KNOW WHAT ECONOMIC
DEPRESSION IS... What
Economy? There’s Nothing Left to Recover There is no economy left to recover. The US manufacturing economy
was lost to offshoring and free trade ideology. It was replaced by a mythical
“New Economy “ ; less bad, not as bad as expected…riiiiight!, tarp money
for the commission frauds on wall street in new manufactured bubble as
actual/real manufacturing down again; consumer confidence down,
commercial loans begin default phase of downturn, 6.9 million continuing
unemployment claims for new record; retail sales down sharply A REALITY CHECK ON U.S. 'ECONOMIC RECOVERY' Jeff Nielson - U.S. equities are rallying
again today, and (as usual) it is a rally with no basis in reality. Economist:
FDIC gearing up for bank closures Goldman Sachs Admits Its Software Can “Manipulate Markets
in Unfair Ways and fraudulently generate commissions /trade volume” Max Keiser: Goldman Sachs gang
are ’scum’ who have co-opted U.S. gov’t You Tube | Goldman Sachs are scum– that’s the bottom line.
They have co-opted the government, the Treasury Department and the Federal Reserve’s
functionality. They’ve co-opted the Obama administration & Barack Obama
dances to Goldman Sachs’ tune. True unemployment rate already at 20% This Depression
Will Last For Years Wyoming sees
first bank failure since 1991 China
criticizes dollar AIG Preparing to Pay New
Round of Bonuses... While Talking About Keynesian Stimulus, Feds Are Really
Just Giving Money to the Big Frauds
FDIC
Insurance Fund: It Doesn’t Actually Exist Replacing the dollar as reserve currency US loses 467,000 jobs, unemployment at 9.5% 'We're in the Middle of a Crash': Black Swan... Economic
Expectations – Unemployment Rate Will Reach 15% David Tice: We are going into a depression-15%
unemployment or more on horizon. U.S. consumers fall behind on loans at
record pace FBI: Mortgage
fraud 'rampant' and growing... Celente and Schiff
Predict Food Panic This Year. Watch clips HERE. Fema Camps Built. Wall Street hits 10-week low amid talk of new
stimulus (7-2)Seven more banks fail,
bringing 2009 tally to more than double all of 2008 at a total thus far of 52;
Private sector sheds another 473,000 jobs in June... US lurching towards ‘debt
explosion’ with long-term interest rates on course to double Jim Rogers Sells Dollars, Plans
to Short Treasuries ‘Sucker’s Rally Beginning To Unwind’ daaaah…? Calls grow to supplant dollar as global currency China officials
call for displacing dollar, in time Tracking Two
Depressions, 1929 and now this Mortgage applications fall to 7-month low... Private
sector sheds another 473,000 jobs in June... 'Layoffs may be worsening'... AIG shares drop
after 1-for-20 reverse-stock split (AP) Manhattan
apartment prices skid 13 to 19 percent Job
losses / job concerns realistically weigh on confidence, real estate
values/prices continue downward trend as per Case / Shiller Index (-18.1%, -21%
in california) Consumer
confidence suffers steep fall... Home prices post 18% annual
drop... Worldwide Depression: Review of Global Markets . Four banks
fail, bringing 2009 tally to 19 more than all of 2008 at a total thus far of 44 Dollar Falls Most in Month as China Urges New Reserve
Currency Gerald Celente speaks on Cap and Trade and other handicaps
to the US economy HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH
CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT ONE
PROSECUTION IN THE MOST RECENT MASSIVE
SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS
WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK
MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T),
CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH
THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD
IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE,
RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED
SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS
ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC!
… THAT MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS,
… NOT OUT OF THIN AIR! ] TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP
SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
A REALITY CHECK ON U.S. 'ECONOMIC
RECOVERY' Jeff Nielson - U.S. equities
are rallying again today, and (as usual) it is a rally with no basis in
reality. , personal
income up modest .2% and spending down, China calls for new reserve currency to
supplant worthless dollar Dollar
And Stocks Drop As China Calls For New Global Currency , continuing
unemployment claims at or near record 627,000, weekly unemployment claims up
15,000, and GDP contraction –5.5%, all worse than expected (lennar wider than
expected quarterly loss rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing words/b.s. from fed which
previously predicted no recession that economy still contracting but that the
contraction is somewhat slowing…what b**l s**t!…, analysts- buffet/economy in
shambles, Hogan/negative GDP growth and inflation owing to debasement of the
dollar as well as deficit spending/pump-priming in the trillions, joker
stein/economy a mess and continued job losses, new home sales down .6%; U.S. Home Prices Drop 6.8
Percent in April as Foreclosures Rise foreclosure sales
up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their
40th bank of the year , Next
Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9%
and big difference between not getting worse and getting better, market got
ahead of itself, stalled out, still depression/more job losses, higher oil-gas
prices / higher interest rates / heavy debt to pare down is 1-3 year drag on
economy, even if believed (I don’t) the labor dept. far better than expected
job numbers by increased debt (spending) to produce same is not economically
sound or sustainable, viz., record spending with record low revenues, rating
cuts for bank sector, analysts concur in significant 5-15% (reality says
15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down
1.1%, housing starts allegedly up but if believed will only increase the
plethora of unsold inventories, empire manufacturing index suffers unexpectedly
severe decline…daaaah!, credit dard defaults at record high, analysts concur
that fundamentals don’t support stock rally and that pac money(defacto bribes)
might derail any meaningful reform/regulation which is of concern to the frauds
on wall street who should be prosecuted, record loss of wealth, higher gas
prices, job losses, higher interest rates / yields, higher commodity prices,
higher deficits, hyperinflation, record continuing unemployment claims at 6.8
million, worthless Weimar dollar crashing,
money supply exploding with hyperinflation/higher interest rates coming,
budget deficit at new highs and trade deficit worse than expected, analyst who
called crash says inflationary depression, banks passed stress tests only with
the help of fraudulent change in accounting rules, banks still insolvent, toxic
assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end
of year, Obama/bernanke continuing failed policies of bush greenspan,
recommends getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not
Over” 6/9/2009 A REALITY CHECK ON U.S.
'ECONOMIC RECOVERY' Jeff Nielson - U.S.
equities are rallying again today, and (as usual) it is a rally with no basis
in reality. Markets See a Breakdown in
Technical Support Levels Roubini: USA sees
double-dip recession... Jobless claims rise; GDP dips in 1Q Bernanke faces GOP-led (who are they
kidding-bushies/paulsen went so far as threaten martial law- prosecute now!
They continue to allow the wall street fraud and political theater doesn’t
change their complicity) heat on BofA-Merrill deal Fed Tried to Cover-up Its
Involvement in Bank of America-Merrill Deal U.S. Economy: Jobless Claims
Rise in Sign Labor Market Stagnant Dollar
drops on reserve currency doubts China sells US
bonds to ’show concern’ BRICs May Buy
Each Other’s Bonds in Shift From Dollar China’s holding of US bonds
drops first time in 11 months Russia to Raise Reserve
Currency Issue at BRIC International
Demand for Worthless U.S. Assets Slowed in April IMF says worst not over Senator cashed out during big
stock collapse -- after meeting with Fed, Treasury chiefs! America's AAA
downgrade danger...
Treasury
faces pressure on price of TARP exit A depression so deep even
teen shoppers scrimp US cities may have to be bulldozed in order to survive 1st quarter
wiped out $1.3 trillion for Americans Get Ready for Inflation and
Higher Interest Rates Oil prices near $73 as
energy rally continues Fed Would Be Shut Down If It
Were Audited Fed says
economy weak, but sees signs the slide increasing Mounting
deficits spark jitters about U.S. economy Wall Street falls as
realities dent recovery hopes
Bonds fall on
worries about government's debt load (AP) Oil prices
strike new high for 2009 (AP) The depression quietly deepens
CHINA
AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes,
We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake government job loss report near 40%
better than private forecasts…I don’t think so!…9.4% unemployment rate…try well
over 10% and with stopped looking included over 20% , Jim
Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now China explores
buying $50bn in IMF bonds US retailers
report May sales declines Tiny
Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector
job losses/factory orders worse than expected, new record continuing
unemployment claims, bernanke spend more money you don’t have but cut
debilitating deficit…riiiiight…sounds like a plan with more job losses to come,
etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As
the Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD
$63.8 TRILLION... The Big Collapse
Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record
decline in real estate prices, $80+ oil
coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
, world economy to shrink by worse than
previously predicted 2.9% and big difference between not getting worse and
getting better, leading
indicators up far more than expected … bull s**t …based in large part on
inflated stock price component … more bull s**t … new
reform with same old frauds say increased capital requirements and oversight of
the overseers/rating agencies (riiiiight!…same old,same old - already have but
no will to enforce existing laws, etc.), analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets Insiders Exit Shares at the
Fastest Pace in Two Years BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... The Next Bubble Is Here. Have You Bought In? Here
we go again! Barney Frank asks FANNIE and FREDDIE to relax Mortgage lending
rules... Fed Tried to Cover-up Its Involvement in Bank of America-Merrill
Deal Dollar
And Stocks Drop As China Calls For New Global Currency Citigroup
Ordered to Suspend Some Operations in Japan Bernanke
Grilling May Weaken Case for Fed as Risk Regulator Citi boosting salaries to offset lower bonuses,
allegedly to retain the clowns who helped make them taxpayer dependant and
cause the current debacle; how ‘bout firing them instead and offering
opportunity to the new, particularly non-ivy league vegetable garden grads [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. Home Prices Drop 6.8 Percent
in April as Foreclosures Rise [$$] Red Roof Inn Defaults on Mortgage Debt (at The
Wall Street Journal Online)
MySpace to cut two-thirds of global
workforce GM to cut 4,000 more white-collar jobs
by year end Oracle tops forecasts despite sales,
profit dip; stated another way, bad news will be shilled as good news (AP) California
Collapsing Bankster “Holiday” Planned for
September? Recession Sparking Global Unrest
Is Your Portfolio Ready for the Next
Leg Down? S&P turns negative for year in
broad sell-off (Reuters) Goldman Sachs on pace for record bonuses: report
(Reuters) Numbers On Welfare See Sharp
Increase Top Insiders Playing You For A
Sucker? The death of the dollar. Who
could deny it? Stanford indicted in massive
U.S. fraud case which is small potatoes compared to ubiquitously massive wall
street securities fraud which caused the ongoing financial debacle Venture
Capital Bubble Set to Burst, Kedrosky Says Obama Plans to Cut Bank
Regulators, Allow Fed to Supervise Financial Holding Companies – The old fox
guarding the henhouse tricks Federal Reserve unwisely to
gain power under plan Federal Reserve Foolishly
To
Be Given Sweeping New Powers Yen Strengthens Most in Month
as Asian Stocks Drop, Gold Gains RUSSIA
CHALLENGES WORTHLESS DOLLAR... AIG says former
top exec plundered retirement plan [video] The Too-Big-to-Fail
Problem [6.8 min] (at MarketWatch) [$$] Too Big to
Solve? (at The Wall Street Journal Online) Buy and Hold Is
Dead. Long Live Buy and Hold! Financial Bailout Plan Keeps
Zombie Banks Alive Bernanke then as now in denial
about looming crisis 2005-2007 Retail sales,
drop in jobless claims to a very high even if believed 601,000 yielding record
continuing claims of 6.8 million fuel hope…if you’re a dope Lawmakers
blast Fed, Treasury for BofA "threats" Oil climbs over $73 on
hopes for rising demand U.S. Household
Worth Fell by $1.3 Trillion in First Quarter Predictions of $250
a barrel on oil ECB Fears Reality
of Banking Crisis in 2010: Report Get Ready for Inflation and
Higher Interest Rates Bill To Audit Federal Reserve
Now Has 209 Co-Sponsors Russia May Swap Some U.S.
Treasuries for IMF Debt Fed report shows losses on Bear Stearns, AIG holdings Congress subpoenas the Fed ... Finally!
(AP) Brazil in recession, recovery unlikely this year What a “Jobless Recovery”
Really Means: A Massive Redistribution of Wealth from the Little Guy to the Big
Boys Obama
Tells American Businesses to Drop Dead America’s Fed Addiction “87
Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are Unsafe” Fed Said to
Retreat From Seeking Power to Sell Its Own Debt/Bills WIRE:
Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory
Loss
Obama’s economic model versus
reality Reality
bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government
reports better than private estimates…riiiiight! President
of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now Benefit spending
soars to new high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC:
OIL COULD REACH $90... ----- Existing home
foreclosure sales up, and no profit discount car sales better than
expected Diluting like crazy through new stock
bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
(8-26-09)
Dow
9,543 +4 To stamp out fraud, no change from suckers’ rally worth
reporting for second, third, fourth weeks of March and April -436 for the first week of March -12% for the month of February -8.8% (-775) for the
month of January -1% for fourth week of
January -2.5% for third week of January -4% for second week of January -5% for first full week of January
-34% for the year -1%
for the fourth week of December No
change worth reporting for second and third weeks of December -2.3% for the
first week of December -5.8% for the month of
November. -15% for the month of October Nasdaq 2024 +0 To stamp out fraud, no change from
suckers’ rally worth reporting for second, third, fourth weeks of March and April -84 for
the first week of March -7% for the month of
February -6.4% (-101) for the month of
January -1% for fourth week of January
-3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P
500 1,028 +0 To stamp out fraud, no change from
suckers’ rally worth reporting for second,
third, fourth weeks
of March and
April -52 for the first week of March -11%
for the month of February -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $71.42
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.74 (reg. gas in LAND
OF FRUITS AND NUTS $3.05 REG./ $3.16
MID-GRADE/ $3.25 PREM./ $2.95 DIESEL)/
GOLD $946 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $14.25
PLATINUM $1,238 / DOLLAR= .69 EURO, 93 YEN, .59 POUND STERLING, ETC. (How low
can you go - LOWER)/ 10 YR NOTE YIELD 3.45% …..… AP Business Highlights … ...Yahoo Market Update... ]
YAHOO - BRIEFING.COM Weekly Recap
Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Must Read
Economic/Financial Data This Depression is
just beginning The Next Wave of Collapse is Coming Sooner than you think
ABSOLUTELY,
ABSURDLY, RIDICULOUS! GREAT OPPORTUNITY TO SELL / TAKE PROFITS WHILE YOU CAN IN
THIS UNIQUELY PREPOSTEROUS AND FRAUDULENT ENVIRONMENT WITH SUCKERS’ BEAR MARKET
RALLY CONTINUING BASED ON FAKE DATA BETTER THAN EXPECTATIONS MANTRA, EVER MORE
WORTHLESS WEIMAR DOLLAR, INCREASED FORECLOSURE SALES AND BEN (HE STILL HAS A
JOB - AS AMERICANS LOSE THEIRS) BERNANKE BULL S**T (REMEMBER HIS NO RECESSION
TALKS, MANY OF THEM, TO FROTH THE MARKET THEN AS NOW AND HOW MANY SUCKERS’
POINTS TO THE UPSIDE THEREFROM – WHAT TOTAL BULL S**T, WHAT FRAUDS!) EVEN AS
ECONOMIST KELLNER JOINS THE RATIONAL CROWD SAYING ECONOMY WILL COLLAPSE UNDER
ITS OWN WEIGHT IN 2010 AND CONTINUED BAD NEWS [ INSIDERS ARE DUMPING STOCK INSIDERS CONTINUE TO SELL, SELL, SELL (AT
SEEKING ALPHA 8/13/09) PAPER: FRESH ALERT ON GLOBAL
STOCK MARKETS... AP sources: $2 trillion higher deficit projected (AP) Judge
Orders Fed To Disclose Who Received Bailout Trillions Zero Hedge Claims that the
Federal Reserve ITSELF Traded Over a Trillion Dollars Worth of Derivatives in
March Alone Geithner: Auditing the Fed is a “line that we don’t want
to cross” The Federal Reserve Must Die “True Deleveraging Has Not
Begun Yet Because Losses of Financial Institutions Have Been Socialized” Obama Predicts Unemployment,
Deficits Far Worse Than Previously Stated... Grim... "Artificially Sweetened" Market Could Face
"Seismic Readjustment," Harrison Says Official: Real unemployment
rate at 16%... WSJ: Dollar Steadily Losing
Influence... Senator warns of
hyperinflation... Failed banks mount; Ga, Ala, and large Texas banks shut Learn
to Love the Depression US jobless claims in surprise jump for second week WHY DO EQUITY MARKETS DISAGREE WITH
THE DATA? Brookings “Experts” Admit Stimulus a Bust Analyst warns of 150-200 more U.S. bank failures Government Revises Deficit Estimates Again: We Will Exceed
Expectations Manufacturing Jobs Drop To Lowest Level Since 1941 What rebound? Foreclosures rise as jobs and income drop Fed to Steal State Pension Funds IMF Says You’ll Have to Pay More Taxes The risk of continuing depression rising CALPERS IS UNSUSTAINABLE What rebound? Foreclosures
rise... Grab Your Shorts, The Correction Has Begun THE
SECOND WAVE OF THE DEPRESSION: HYPERINFLATION IS LIKELY THE FDIC IS BROKE. NOW WHAT? (PART II) DOLLAR TO DECLINE AMID
CONCERN AS IT 'LOSES RESERVE STATUS'... JOBLESS
SPIKE COMPOUNDS FORECLOSURE CRISIS STOCKS
SLIDE ON ECONOMY CONCERN WORLD STOCKS, OIL TUMBLE ON U.S. FRAUD EXPOSURE AND CONSUMER
WORRIES Connecticut
Not Learning the Right Lessons from California Weekly Market Outlook: Commercial Real Estate Continues to
Deteriorate Retail sales fall, new jobless claims rise
(Reuters) US
Home Foreclosures Set Another Record in July Colonial BancGroup shut down by
federal officials (largest bank failure this year) (AP) Economist:
Claim that Economy Has Recovered “Is Like Somebody Borrowing Money from Their
Uncle and Then Celebrating that Their Income Has Gone Up” ]
PERSONAL & BUSINESS BANKRUPTCIES UP, WORTHLESS WEIMAR DOLLAR DOWN,
FORECLOSURES UP (32% YOY AND 7% MOM AT NEW RECORD, 50% HOMES UNDERWATER,
COMMERCIAL TO FOLLOW), CONFIDENCE REALISTICALLY DOWN, $100+ OIL AROUND CORNER
(2010-HOGAN); CELENTE-DEPRESSION NOW UNDERWAY
Bob Prechter Quite Sure Next Wave Down Will Be Bigger
and March Lows Will Break Gerald Celente 2.5 Million Jobs Lost Since Obama’s
Presidency PAPER: Fresh alert on global
stock markets...
TO KEEP SUCKERS SUCKERED [ Insiders Continue to Sell, Sell, Sell (at Seeking Alpha –
8/13/09) (7-29-09) Insiders Selling at Alarming
Levels Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [Tarp banks award billions in bonuses... Goldman Sachs on pace for record bonuses: report
(Reuters) Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly Max Keiser: Prosecute the Bankster Crime Syndicate The Market's Horoscope:
Downside Correction ! [ Entering
the Greatest Depression in History Andrew Gavin
Marshall | The crisis has many bubbles, all of which dwarf the
housing bubble burst of 2008. Geithner asks
Congress for higher U.S. debt limit U.S.
regulators close 3 banks, total now 72 US deficit
climbs to 1.3 trillion dollars This Depression is
just beginning The Next Wave of Collapse is Coming Sooner than you think
Back in the Great Depression of 1929 through the 1930’s, we saw
a similar Zig-zag pattern. There was a crash in 1929, followed by a nice rally,
but then the most devastating part of the market collapse followed into the
1930’s. Feds Hit With Biggest Tax Revenue Drop Since
1932... The Great Depression Two Continues There is no coincident data which is
demonstrating this recession is over. Some may be at the bottom, others have a
way to go… An Artifical
Recovery [$$] Why I Went Fully Into
Cash Bob Prechter "Quite Sure" Next Wave Down
Will Be Bigger and March Lows Will Break A REALITY CHECK ON U.S. 'ECONOMIC RECOVERY' Jeff Nielson - U.S. equities are rallying
again today, and (as usual) it is a rally with no basis in reality. Most of the enthusiasm comes from another string of corporate
quarterly results which “beat expectations”. I had hoped that the sheep were
starting to clue-in to this silly game, however it appears there is a still a
large pack of Pavlov's Dogs out there – who respond to their propaganda cues
without a moment of actual thought. The truth is that all of the companies
“beating expectations” are still reporting steadily worse results
year-over-year – and in many cases, much worse results. Among the few
exceptions are U.S. financial corporations. However, since accounting-fraud was
legalized in the United States (see “FASB strong-armed into mark-to-fantasy accounting”),
their bottom-lines have had absolutely no connection to their business
operations… The
Real Economy Versus the Make-Believe World of the Government and Financial
Giants In the real economy, unemployment is at
Depression-era levels. Top firms' pension funds plummet Consumer bankruptcies jump 34%
Nine Of Ten Sectors Overbought This Depression is
just beginning US companies
axe 371,000 jobs in July Half of U.S. mortgages
seen underwater by 2011... Recovery ‘not in sight’ says BMW ] CONTINUED
FRAUD WITH PROGRAMMED SUCKERS’ RALLY DESPITE NEW RECORD FOR CONTINUING
UNEMPLOYMENT CLAIMS AT 6.3 MILLION AND AS I WARNED, WATCH FOR FAKE REPORTS IN
DESPERATION – AND LABOR DEPT. CAME THROUGH WITH FAKE REPORT AND NEW LIE BASED
UPON PEOPLE STOPPED LOOKING FOR JOBS SO THEIR RATE 9.4 BUT OBAMA SAYS 10% -
REALITY IS UNEMPLOYMENT RATE IS WELL OVER 10%, THEN AIG SOARS ON “PROFIT” WITH
$87 BILLION IN TAXPAYER FUNDS TO PLAY WITH
[ Max Keiser: Prosecute the Bankster Crime Syndicate Insiders Continue to Sell, Sell, Sell (at Seeking Alpha)
PAPER: Fresh alert on global
stock markets... Retail sales fall, new jobless claims rise (Reuters) US
Home Foreclosures Set Another Record in July (7-29-09)
Insiders Selling at Alarming Levels …Although the level of insider selling is certainly
alarming it's important to note that the very low levels of buying are
particularly alarming. Insiders sell stock for many reasons, but they generally
only buy stock for one reason: they believe the stock is going up. Despite the
fact the media is reporting an end to the recession, a bottom in housing and a
trough in earnings we are seeing a vote of zero confidence from the people who
know these companies better than anyone else…
Entering
the Greatest Depression in History Andrew Gavin
Marshall | The crisis has many bubbles, all of which dwarf the
housing bubble burst of 2008. Geithner asks
Congress for higher U.S. debt limit U.S.
regulators close 3 banks, total now 72 US deficit climbs
to 1.3 trillion dollars Causes of This Depression Yet To Be Addressed Further impoverishment is on the way. More
and more will be laid off and they’ll be no new jobs available. Savings will be
exhausted and most homes that have been financed will be under water. Some banks paid bonuses bigger than income: o This Depression is
just beginning You read that right! Only $400 billion
of that fantastic 6 month “green shoots” stock market rally came from money
market accounts. The rest ($2.3 trillion) was laundered through the banks and
other financial institutions to create the appearance of recovery and to raise
equity for underwater banks rather than forcing them into receivership (which
is where they belong) Bernanke probably knew that congress wouldn’t approve
another TARP-type bailout for dodgy mortgage-backed assets, so he settled on
this shifty plan instead. The only problem is, the banks are still broke,
business investment is at historic lows, consumers are on the ropes, the
unemployment lines are swelling, the homeless shelters are bulging, the pawn
shops are bustling, tent cities are sprouting up everywhere, and according to
MarketWatch, Corporate insiders have recently been selling their companies’
shares at a greater pace than at any time since the top of the bull market in
the fall of 2007.” Face it; the economy is in the crapper and Bernanke’s
trickery hasn’t done a lick of good. The Next Wave of Collapse is Coming Sooner than you think
Back in the Great Depression of 1929 through the 1930’s, we saw
a similar Zig-zag pattern. There was a crash in 1929, followed by a nice rally,
but then the most devastating part of the market collapse followed into the
1930’s. Bob Prechter "Quite Sure" Next Wave Down
Will Be Bigger and March Lows Will Break The
Real Economy Versus the Make-Believe World of the Government and Financial
Giants In the real economy,
unemployment is at Depression-era levels.
Top firms' pension funds plummet Consumer bankruptcies jump 34%
Nine Of Ten Sectors Overbought This Depression is
just beginning Feds Hit With Biggest Tax Revenue Drop Since
1932... The Great Depression Two Continues There is no coincident data which is
demonstrating this recession is over. Some may be at the bottom, others have a
way to go… An
Artifical Recovery [$$] Why I Went Fully Into
Cash US
food stamp list tops 34 million for first time The
Banks Own the Fed, and the Central Banks Own BIS AIG
breakup nets Wall Street $1 billion bonanza: report ‘Underwater’
Mortgages to Hit 48%, Deutsche Bank Says Oil price hits $76, highest
since October...
US companies axe 371,000 jobs in July Half of U.S.
mortgages seen underwater by 2011... Recovery ‘not in sight’ says BMW Half of U.S.
mortgages seen underwater by 2011... Recovery ‘not in sight’ says BMW Recession Worse Than Prior Estimates, Revisions Show Bloomberg | The first 12 months of the U.S.
recession saw the economy shrink more than twice as much as previously
estimated, reflecting even bigger declines in consumer spending and housing,
revised figures showed.
DO YOU REALIZE HOW MANY SUCKERS’ RALLY POINTS WERE ADDED BY THE FAKE NUMBERS
CONTRIBUTING TO THIS NEW COMMISSIONING BUBBLE! REVISED: ECONOMY 2X WORSE...
The government plans big revisions to historical economic
data... Developing... Regulators shut banks in
Fla., NJ, Ohio, Okla... WASHINGTON (7-31-09) (AP) -- Regulators on Friday shut down banks in Florida, New
Jersey, Ohio, Oklahoma and Illinois, boosting to 69 the number of federally
insured banks to fail this year amid the pressures of the weak economy and
mounting loan defaults. PhD
Economist: Fed has Caused Soaring Unemployment, Millions of Foreclosures,
Millions Losing Life Savings and More than $6 Trillion in Lost Output DOLLAR DROPS TO '09 LOW...
Unemployment spreads distress in U.S. home loans Weak Treasury Auctions Raise Worries About Debt
Burden... [$$] Senate
Probes Banks for Meltdown Fraud (at The Wall Street Journal Online) Even Bernanke Admits this Could be Worse than the Great
Depression Senate probes Goldman,
Deutsche: report (Reuters)
The Real Unemployment Rate Hits a 68-Year High 2009 Looking More Like 1929 Dollar Falls to
2009 Low... U.S. Markets Decline After
Weaker Than Expected Data A REALITY CHECK ON U.S.
'ECONOMIC RECOVERY' Jeff Nielson - U.S.
equities are rallying again today, and (as usual) it is a rally with no basis
in reality. ] AND NOTHING REAL OR
POSITIVE AT ALL (IE., STILL NO PROSECUTIONS OF THE FRAUDS ON WALL STREET SO
JUST ANOTHER BUILT-IN COST BY CHURN-AND-EARN COMMISSIONS TO, DEFACTO TAX ON
NON-PERFORMING / DECLINING ECONOMY, DURABLE GOODS DOWN/FORECLOSURES UP,
CONFIDENCE REALISTICALLY DOWN, CORRUPT COMMERCE DEPARTMENT CHIMES IN WITH FAKE
NUMBERS, USED HOME SALES UP WITH DEFAULTS/ SHORT SALES, JOB LOSSES UP, BETTER
THAN EXPECTED MANTRA, GUIDANCE THAT DEFIES REALITY BY A LONG SHOT AS IN LAST
COMMISSIONABLE BUBBLE BUST, JOB/COST CUTS TO BONE, ETC.) ( Max Keiser: Prosecute the Bankster Crime Syndicate Max
Keiser: Goldman Sachs Are “Scum,” “Financial Terrorists” Bank profits not as impressive as they seem
when you take into account TARP funding, changed accounting rules to fudge
books, new stock issues, etc… um Cost
Of Bailout Hits A Whopping $24 Trillion Dollars Entering
the Greatest Depression in History Andrew Gavin
Marshall | The crisis has many bubbles, all of which dwarf the
housing bubble burst of 2008. Geithner asks
Congress for higher U.S. debt limit U.S.
regulators close 3 banks, total now 72 US deficit climbs
to 1.3 trillion dollars Stearns Crucifies Paulson On Bailout Bait And Switch
Fiscal ruin of the Western world beckons Foreign Embassies Urged to Stockpile Local Currencies
Bailout
Overseer Says Banks Misused TARP Funds Regulators shut banks in Calif., Ga. and SD ) TO KEEP
SUCKERS SUCKERED [ (7-29-09) Insiders Selling at Alarming
Levels Insiders Exit Shares at the
Fastest Pace in Two Years Bob Prechter "Quite Sure" Next Wave Down
Will Be Bigger and March Lows Will Break ] AND COMMISSION
DOLLARS FLOWING [Tarp banks award billions in bonuses... Goldman Sachs on pace for record bonuses: report
(Reuters) Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly Max Keiser: Prosecute the Bankster Crime Syndicate Corporate
Media Spotlights Distortion of Market by High Frequency Trading [$$] Big Pay
Packages Return to Wall Street as new fraud gains steam (at The Wall Street
Journal Online) Max Keiser: Goldman Sachs
gang are ’scum’ who have co-opted U.S. gov’t Max
Keiser: Goldman Sachs Are “Scum,” “Financial Terrorists” Max Keiser goes on the offensive during an
appearance on France 24 as he slams Goldman Sachs as “scum” and “financial
terrorists” who should be thrown in jail.
‘Printing
money will lead to serious problems down the road,’ says Jim Rogers Spitzer: Federal Reserve is ‘a
Ponzi scheme, an inside job’ 2009 Looking More
Like 1929 AIG
breakup nets Wall Street $1 billion bonanza: report ] BASED ON
CONTINUED BAD NEWS ( ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF
RECOVERY... Scams
And Bailouts The Cause of World Depression Insiders Continue to Sell, Sell, Sell (at Seeking Alpha
8/13/09) PAPER: Fresh alert on global
stock markets... Retail sales fall, new jobless claims rise (Reuters) US
Home Foreclosures Set Another Record in July (7-29-09) Insiders Selling at Alarming
Levels Entering
the Greatest Depression in History Andrew Gavin
Marshall | The crisis has many bubbles, all of which dwarf the
housing bubble burst of 2008. The
Market's Horoscope: Downside Correction Geithner asks
Congress for higher U.S. debt limit U.S.
regulators close 3 banks, total now 72 US deficit climbs
to 1.3 trillion dollars Causes of Depression Yet To Be Addressed Further impoverishment is on the way. More
and more will be laid off and they’ll be no new jobs available. Savings will be
exhausted and most homes that have been financed will be under water. Some banks paid bonuses bigger than income: o This Depression is
just beginning You read that right! Only $400 billion
of that fantastic 6 month “green shoots” stock market rally came from money
market accounts. The rest ($2.3 trillion) was laundered through the banks and
other financial institutions to create the appearance of recovery and to raise
equity for underwater banks rather than forcing them into receivership (which
is where they belong) Bernanke probably knew that congress wouldn’t approve
another TARP-type bailout for dodgy mortgage-backed assets, so he settled on
this shifty plan instead. The only problem is, the banks are still broke,
business investment is at historic lows, consumers are on the ropes, the
unemployment lines are swelling, the homeless shelters are bulging, the pawn
shops are bustling, tent cities are sprouting up everywhere, and according to
MarketWatch, Corporate insiders have recently been selling their companies’
shares at a greater pace than at any time since the top of the bull market in
the fall of 2007.” Face it; the economy is in the crapper and Bernanke’s
trickery hasn’t done a lick of good. The Next Wave of Collapse is Coming Sooner than you think
Back in the Great Depression of 1929 through the 1930’s, we saw
a similar Zig-zag pattern. There was a crash in 1929, followed by a nice rally,
but then the most devastating part of the market collapse followed into the
1930’s. Feds Hit With Biggest Tax Revenue Drop Since
1932... The Great Depression Two Continues There is no coincident data which is
demonstrating this recession is over. Some may be at the bottom, others have a
way to go… An
Artifical Recovery [$$] Why I Went Fully Into
Cash Bob Prechter "Quite Sure"
Next Wave Down Will Be Bigger and March Lows Will Break The
Real Economy Versus the Make-Believe World of the Government and Financial
Giants In the real economy, unemployment is at
Depression-era levels. US companies
axe 371,000 jobs in July Half of U.S. mortgages seen underwater by 2011...
Recovery ‘not in sight’ says BMW Top firms' pension funds plummet Consumer bankruptcies jump 34%
Nine Of Ten Sectors Overbought This Depression is
just beginning US
food stamp list tops 34 million for first time The
Banks Own the Fed, and the Central Banks Own BIS AIG
breakup nets Wall Street $1 billion bonanza: report ‘Underwater’
Mortgages to Hit 48%, Deutsche Bank Says Oil price hits $76, highest
since October...
US companies axe 371,000 jobs in July Half of U.S.
mortgages seen underwater by 2011... Recovery ‘not in sight’ says BMW Unemployment spreads distress in U.S. home loans Cities in the U.S. Sun Belt states of
California, Florida, Nevada and Arizona dominated the record foreclosure spree
in the first half of the year, but distress in other regions emerged as
joblessness spread, RealtyTrac said on Thursday. Recession
Worse Than Prior Estimates, Revisions Show Bloomberg | The
first 12 months of the U.S. recession saw the economy shrink more than twice as
much as previously estimated, reflecting even bigger declines in consumer
spending and housing, revised figures showed. Do you realize how many suckers’
rally points were added by the fake numbers contributing to this new
commissioning bubble! REVISED: ECONOMY 2X WORSE...
The government plans big revisions to historical economic
data... Developing... Regulators shut banks in
Fla., NJ, Ohio, Okla... WASHINGTON (AP) -- Regulators on Friday shut down banks in Florida, New
Jersey, Ohio, Oklahoma and Illinois, boosting to 69 the number of federally
insured banks to fail this year amid the pressures of the weak economy and
mounting loan defaults. PhD
Economist: Fed has Caused Soaring Unemployment, Millions of Foreclosures,
Millions Losing Life Savings and More than $6 Trillion in Lost Output DOLLAR DROPS TO '09 LOW... 75%
Favor Auditing The Fed Tarp banks
award billions in bonuses... The Real Unemployment Rate Hits a 68-Year High 2009 Looking More Like 1929 Dollar Falls to
2009 Low... Six Georgia banks
fail, bringing year tally to 64.... Rally may cool on earnings reality check Dollar Falls to Near 2009 Low as Economy Pares Refuge
Demand Ben
Bernanke Was Wrong Wall
Street’s Love Affair with Ben Bernanke Mike Whitney | bernanke knows that the country is in a Depression
Scams
And Bailouts The Cause of World Depression New US weekly jobless claims jump Its Official: U.S. Trapped in an Extended Depressionary
Cycle MICROSOFT Profit Drops 29% as
PC Slowdown Weighs on Revenue… they haven’t availed themselves of the fake
assets/books legislation recently passed... AMAZON.COM Profit
Drops 10%... Bernanke:
“I Don’t Know” Which Foreign Banks Were Given Half a Trillion Paul Joseph Watson Grayson grills Fed chairman on destination of credit
swaps. Fed:
unemployment will top 10 percent this year... Foreclosures (those increased home
sales that has been fueling suckers’ rally)
rise 15 percent in first half of 2009 (7-17) Three more banks
fail, bringing 2009 tally to more than double all of 2008 at a total thus far
of 57 Lower Markets on the Horizon Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly The Ultimate Insider Trading Scheme Max Keiser: Goldman Sachs
gang are ’scum’ who have co-opted U.S. gov’t Cost
Of Bailout Hits A Whopping $24 Trillion Dollars Stearns Crucifies Paulson On Bailout Bait And Switch
Fiscal ruin of the Western world beckons Foreign Embassies Urged to Stockpile Local Currencies
Bailout
Overseer Says Banks Misused TARP Funds TARP watchdog says Treasury lacking bank data Goldman Sachs
caused the problems in the first
place… Who can deny that? Budget deficit tops $1 trillion for first time
(AP) CIT Watch: Analysts Says Debt Load Isn't the
Only Problem Geithner Refuses to Rule Out
Continuing Using American Taxpayer as Piggy Bank for Derivatives Losses
WHITE
HOUSE ECON ADVISER CLAIMS SUCCESS: FEWER PEOPLE SEARCHING 'ECONOMIC DEPRESSION'
ON GOOGLE BECAUSE EXPERIENCING IT FIRST-HAND THEY ALREADY KNOW WHAT ECONOMIC
DEPRESSION IS... What
Economy? There’s Nothing Left to Recover There is no economy left to recover. The US manufacturing economy
was lost to offshoring and free trade ideology. It was replaced by a mythical
“New Economy “ ; less bad, not as bad as expected…riiiiight!, tarp money
for the commission frauds on wall street in new manufactured bubble as
actual/real manufacturing down again; consumer confidence down,
commercial loans begin default phase of downturn, 6.9 million continuing
unemployment claims for new record; retail sales down sharply A REALITY CHECK ON U.S. 'ECONOMIC
RECOVERY' Jeff Nielson - U.S. equities
are rallying again today, and (as usual) it is a rally with no basis in
reality. Economist:
FDIC gearing up for bank closures Goldman Sachs Admits Its Software Can “Manipulate Markets
in Unfair Ways and fraudulently generate commissions /trade volume” Max Keiser: Goldman Sachs gang
are ’scum’ who have co-opted U.S. gov’t You Tube | Goldman Sachs are scum– that’s the bottom line.
They have co-opted the government, the Treasury Department and the Federal
Reserve’s functionality. They’ve co-opted the Obama administration & Barack
Obama dances to Goldman Sachs’ tune. True unemployment rate already at 20% This Depression
Will Last For Years Wyoming sees first
bank failure since 1991 China
criticizes dollar AIG Preparing to Pay New
Round of Bonuses... While Talking About Keynesian Stimulus, Feds Are Really
Just Giving Money to the Big Frauds
FDIC
Insurance Fund: It Doesn’t Actually Exist Replacing the dollar as reserve currency US loses 467,000 jobs, unemployment at 9.5% 'We're in the Middle of a Crash': Black Swan... Economic
Expectations – Unemployment Rate Will Reach 15% David Tice: We are going into a depression-15%
unemployment or more on horizon. U.S. consumers fall behind on loans at
record pace FBI: Mortgage
fraud 'rampant' and growing... Celente and Schiff
Predict Food Panic This Year. Watch clips HERE. Fema Camps Built. Wall Street hits 10-week low amid talk of new
stimulus (7-2)Seven more banks fail,
bringing 2009 tally to more than double all of 2008 at a total thus far of 52;
Private sector sheds another 473,000 jobs in June... US lurching towards ‘debt
explosion’ with long-term interest rates on course to double Jim Rogers Sells Dollars, Plans
to Short Treasuries ‘Sucker’s Rally Beginning To Unwind’ daaaah…? Calls grow to supplant dollar as global currency China officials
call for displacing dollar, in time Tracking Two
Depressions, 1929 and now this Mortgage applications fall to 7-month low... Private
sector sheds another 473,000 jobs in June... 'Layoffs may be worsening'... AIG shares drop
after 1-for-20 reverse-stock split (AP) Manhattan
apartment prices skid 13 to 19 percent Job
losses / job concerns realistically weigh on confidence, real estate
values/prices continue downward trend as per Case / Shiller Index (-18.1%, -21%
in california) Consumer
confidence suffers steep fall... Home prices post 18% annual
drop... Worldwide Depression: Review of Global Markets . Four banks
fail, bringing 2009 tally to 19 more than all of 2008 at a total thus far of 44 Dollar Falls Most in Month as China Urges New Reserve
Currency Gerald Celente speaks on Cap and Trade and other handicaps
to the US economy HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH
CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT ONE
PROSECUTION IN THE MOST RECENT MASSIVE
SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS
WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK
MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T),
CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH
THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD
IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE,
RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED
SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS
ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC!
… THAT MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS,
… NOT OUT OF THIN AIR! ] TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP
SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
A REALITY CHECK ON U.S. 'ECONOMIC
RECOVERY' Jeff Nielson - U.S. equities
are rallying again today, and (as usual) it is a rally with no basis in
reality. , personal
income up modest .2% and spending down, China calls for new reserve currency to
supplant worthless dollar Dollar
And Stocks Drop As China Calls For New Global Currency , continuing
unemployment claims at or near record 627,000, weekly unemployment claims up
15,000, and GDP contraction –5.5%, all worse than expected (lennar wider than
expected quarterly loss rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing words/b.s. from fed which
previously predicted no recession that economy still contracting but that the
contraction is somewhat slowing…what b**l s**t!…, analysts- buffet/economy in
shambles, Hogan/negative GDP growth and inflation owing to debasement of the
dollar as well as deficit spending/pump-priming in the trillions, joker
stein/economy a mess and continued job losses, new home sales down .6%; U.S. Home Prices Drop 6.8
Percent in April as Foreclosures Rise foreclosure sales
up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their
40th bank of the year , Next
Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9%
and big difference between not getting worse and getting better, market got
ahead of itself, stalled out, still depression/more job losses, higher oil-gas
prices / higher interest rates / heavy debt to pare down is 1-3 year drag on
economy, even if believed (I don’t) the labor dept. far better than expected
job numbers by increased debt (spending) to produce same is not economically
sound or sustainable, viz., record spending with record low revenues, rating
cuts for bank sector, analysts concur in significant 5-15% (reality says
15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down
1.1%, housing starts allegedly up but if believed will only increase the
plethora of unsold inventories, empire manufacturing index suffers unexpectedly
severe decline…daaaah!, credit dard defaults at record high, analysts concur
that fundamentals don’t support stock rally and that pac money(defacto bribes)
might derail any meaningful reform/regulation which is of concern to the frauds
on wall street who should be prosecuted, record loss of wealth, higher gas
prices, job losses, higher interest rates / yields, higher commodity prices,
higher deficits, hyperinflation, record continuing unemployment claims at 6.8
million, worthless Weimar dollar crashing,
money supply exploding with hyperinflation/higher interest rates coming,
budget deficit at new highs and trade deficit worse than expected, analyst who
called crash says inflationary depression, banks passed stress tests only with
the help of fraudulent change in accounting rules, banks still insolvent, toxic
assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end
of year, Obama/bernanke continuing failed policies of bush greenspan,
recommends getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not
Over” 6/9/2009 A REALITY CHECK ON U.S.
'ECONOMIC RECOVERY' Jeff Nielson - U.S.
equities are rallying again today, and (as usual) it is a rally with no basis
in reality. Markets See a Breakdown in
Technical Support Levels Roubini: USA sees
double-dip recession... Jobless claims rise; GDP dips in 1Q Bernanke faces GOP-led (who are they
kidding-bushies/paulsen went so far as threaten martial law- prosecute now!
They continue to allow the wall street fraud and political theater doesn’t
change their complicity) heat on BofA-Merrill deal Fed Tried to Cover-up Its Involvement
in Bank of America-Merrill Deal U.S. Economy: Jobless Claims
Rise in Sign Labor Market Stagnant Dollar
drops on reserve currency doubts China sells US
bonds to ’show concern’ BRICs May Buy
Each Other’s Bonds in Shift From Dollar China’s holding of US bonds
drops first time in 11 months Russia to Raise Reserve
Currency Issue at BRIC International
Demand for Worthless U.S. Assets Slowed in April IMF says worst not over Senator cashed out during big
stock collapse -- after meeting with Fed, Treasury chiefs! America's AAA
downgrade danger...
Treasury
faces pressure on price of TARP exit A depression so deep even
teen shoppers scrimp US cities may have to be bulldozed in order to survive 1st quarter
wiped out $1.3 trillion for Americans Get Ready for Inflation and
Higher Interest Rates Oil prices near $73 as
energy rally continues Fed Would Be Shut Down If It
Were Audited Fed says
economy weak, but sees signs the slide increasing Mounting
deficits spark jitters about U.S. economy Wall Street falls as
realities dent recovery hopes
Bonds fall on
worries about government's debt load (AP) Oil prices
strike new high for 2009 (AP) The depression quietly deepens
CHINA
AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes,
We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake government job loss report near 40%
better than private forecasts…I don’t think so!…9.4% unemployment rate…try well
over 10% and with stopped looking included over 20% , Jim
Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now China explores
buying $50bn in IMF bonds US retailers
report May sales declines Tiny
Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector
job losses/factory orders worse than expected, new record continuing
unemployment claims, bernanke spend more money you don’t have but cut
debilitating deficit…riiiiight…sounds like a plan with more job losses to come,
etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As
the Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD
$63.8 TRILLION... The Big Collapse
Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record
decline in real estate prices, $80+ oil
coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
, world economy to shrink by worse than
previously predicted 2.9% and big difference between not getting worse and
getting better, leading
indicators up far more than expected … bull s**t …based in large part on
inflated stock price component … more bull s**t … new
reform with same old frauds say increased capital requirements and oversight of
the overseers/rating agencies (riiiiight!…same old,same old - already have but
no will to enforce existing laws, etc.), analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets Insiders Exit Shares at the
Fastest Pace in Two Years BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... The Next Bubble Is Here. Have You Bought In? Here
we go again! Barney Frank asks FANNIE and FREDDIE to relax Mortgage lending
rules... Fed Tried to Cover-up Its Involvement in Bank of America-Merrill
Deal Dollar
And Stocks Drop As China Calls For New Global Currency Citigroup
Ordered to Suspend Some Operations in Japan Bernanke
Grilling May Weaken Case for Fed as Risk Regulator Citi boosting salaries to offset lower bonuses,
allegedly to retain the clowns who helped make them taxpayer dependant and
cause the current debacle; how ‘bout firing them instead and offering
opportunity to the new, particularly non-ivy league vegetable garden grads [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. Home Prices Drop 6.8 Percent
in April as Foreclosures Rise [$$] Red Roof Inn Defaults on Mortgage Debt (at The
Wall Street Journal Online)
MySpace to cut two-thirds of global
workforce GM to cut 4,000 more white-collar jobs
by year end Oracle tops forecasts despite sales,
profit dip; stated another way, bad news will be shilled as good news (AP) California
Collapsing Bankster “Holiday” Planned for
September? Recession Sparking Global Unrest
Is Your Portfolio Ready for the Next
Leg Down? S&P turns negative for year in
broad sell-off (Reuters) Goldman Sachs on pace for record bonuses: report
(Reuters) Numbers On Welfare See Sharp
Increase Top Insiders Playing You For A
Sucker? The death of the dollar. Who could
deny it? Stanford indicted in
massive U.S. fraud case which is small potatoes compared to ubiquitously
massive wall street securities fraud which caused the ongoing financial debacle Venture
Capital Bubble Set to Burst, Kedrosky Says Obama Plans to Cut Bank
Regulators, Allow Fed to Supervise Financial Holding Companies – The old fox
guarding the henhouse tricks Federal Reserve unwisely to
gain power under plan Federal Reserve Foolishly
To
Be Given Sweeping New Powers Yen Strengthens Most in Month
as Asian Stocks Drop, Gold Gains RUSSIA
CHALLENGES WORTHLESS DOLLAR... AIG says former
top exec plundered retirement plan [video] The Too-Big-to-Fail
Problem [6.8 min] (at MarketWatch) [$$] Too Big to
Solve? (at The Wall Street Journal Online) Buy and Hold Is
Dead. Long Live Buy and Hold! Financial Bailout Plan Keeps
Zombie Banks Alive Bernanke then as now in denial
about looming crisis 2005-2007 Retail sales,
drop in jobless claims to a very high even if believed 601,000 yielding record
continuing claims of 6.8 million fuel hope…if you’re a dope Lawmakers
blast Fed, Treasury for BofA "threats" Oil climbs over $73 on
hopes for rising demand U.S. Household
Worth Fell by $1.3 Trillion in First Quarter Predictions of $250
a barrel on oil ECB Fears Reality
of Banking Crisis in 2010: Report Get Ready for Inflation and
Higher Interest Rates Bill To Audit Federal Reserve
Now Has 209 Co-Sponsors Russia May Swap Some U.S.
Treasuries for IMF Debt Fed report shows losses on Bear Stearns, AIG holdings Congress subpoenas the Fed ... Finally!
(AP) Brazil in recession, recovery unlikely this year What a “Jobless Recovery” Really
Means: A Massive Redistribution of Wealth from the Little Guy to the Big Boys
Obama
Tells American Businesses to Drop Dead America’s Fed Addiction “87
Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are Unsafe” Fed Said to
Retreat From Seeking Power to Sell Its Own Debt/Bills WIRE:
Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory
Loss
Obama’s economic model versus
reality Reality
bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government
reports better than private estimates…riiiiight! President
of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now Benefit spending
soars to new high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC:
OIL COULD REACH $90... ----- Existing home
foreclosure sales up, and no profit discount car sales better than
expected Diluting like crazy through new stock
bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
(8-25-09)
Dow
9,539 +30 To stamp out fraud, no change from suckers’ rally worth
reporting for second, third, fourth weeks of March and April -436 for the first week of March -12% for the month of February -8.8% (-775) for the
month of January -1% for fourth week of
January -2.5% for third week of January -4% for second week of January -5% for first full week of
January -34% for the year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 2024 +6 To stamp out fraud, no change from
suckers’ rally worth reporting for second, third, fourth weeks of March and April -84 for
the first week of March -7% for the month of
February -6.4% (-101) for the month of
January -1% for fourth week of January
-3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P
500 1,028 +2 To stamp out fraud, no change from
suckers’ rally worth reporting for second,
third, fourth weeks
of March and
April -52 for the first week of March -11%
for the month of February -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January - 5% for second week of January -4% for first
full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $72.05
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.74 (reg. gas in LAND
OF FRUITS AND NUTS $3.05 REG./ $3.16
MID-GRADE/ $3.25 PREM./ $2.95 DIESEL)/
GOLD $946 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $14.31
PLATINUM $1,238 / DOLLAR= .69 EURO, 93 YEN, .59 POUND STERLING, ETC. (How low
can you go - LOWER)/ 10 YR NOTE YIELD 3.44% …..… AP Business Highlights … ...Yahoo Market Update... ] YAHOO
- BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Must Read Economic/Financial
Data This Depression is
just beginning The Next Wave of Collapse is Coming Sooner than you think
ABSOLUTELY,
ABSURDLY, RIDICULOUS! GREAT OPPORTUNITY TO SELL / TAKE PROFITS WHILE YOU CAN IN
THIS UNIQUELY PREPOSTEROUS AND FRAUDULENT ENVIRONMENT WITH SUCKERS’ RALLY BASED
ON FAKE DATA BETTER THAN EXPECTATIONS MANTRA, EVER MORE WORTHLESS WEIMAR
DOLLAR, INCREASED FORECLOSURE SALES AND BEN (HE STILL HAS A JOB - AS AMERICANS
LOSE THEIRS) BERNANKE BULL S**T (REMEMBER HIS NO RECESSION TALKS, MANY OF THEM,
TO FROTH THE MARKET THEN AS NOW AND HOW MANY SUCKERS’ POINTS TO THE UPSIDE
THEREFROM – WHAT TOTAL BULL S**T, WHAT FRAUDS!) AND CONTINUED BAD NEWS [ INSIDERS ARE DUMPING STOCK INSIDERS CONTINUE TO SELL, SELL, SELL (AT
SEEKING ALPHA 8/13/09) PAPER: FRESH ALERT ON GLOBAL
STOCK MARKETS... AP sources: $2 trillion higher deficit projected (AP) Judge
Orders Fed To Disclose Who Received Bailout Trillions Zero Hedge Claims that the
Federal Reserve ITSELF Traded Over a Trillion Dollars Worth of Derivatives in
March Alone Geithner: Auditing the Fed is a “line that we don’t want
to cross” The Federal Reserve Must Die “True Deleveraging Has Not
Begun Yet Because Losses of Financial Institutions Have Been Socialized” Obama Predicts Unemployment,
Deficits Far Worse Than Previously Stated... Grim... FT: Deficit fears put Obama's
agenda in jeopardy... WSJ: Dollar Steadily Losing
Influence... Senator warns of
hyperinflation... Failed banks mount; Ga, Ala, and large Texas banks shut Learn
to Love the Depression US jobless claims in surprise jump for second week WHY DO EQUITY MARKETS DISAGREE WITH
THE DATA? Brookings “Experts” Admit Stimulus a Bust Analyst warns of 150-200 more U.S. bank failures Government Revises Deficit Estimates Again: We Will Exceed
Expectations Manufacturing Jobs Drop To Lowest Level Since 1941 What rebound? Foreclosures rise as jobs and income drop Fed to Steal State Pension Funds IMF Says You’ll Have to Pay More Taxes The risk of continuing depression rising CALPERS IS UNSUSTAINABLE What rebound? Foreclosures
rise... Grab Your Shorts, The Correction Has Begun THE
SECOND WAVE OF THE DEPRESSION: HYPERINFLATION IS LIKELY THE FDIC IS BROKE. NOW WHAT? (PART II) DOLLAR TO DECLINE AMID
CONCERN AS IT 'LOSES RESERVE STATUS'... JOBLESS
SPIKE COMPOUNDS FORECLOSURE CRISIS STOCKS
SLIDE ON ECONOMY CONCERN WORLD STOCKS, OIL TUMBLE ON U.S. FRAUD EXPOSURE AND CONSUMER
WORRIES Connecticut
Not Learning the Right Lessons from California Weekly Market Outlook: Commercial Real Estate Continues to
Deteriorate Retail sales fall, new jobless claims rise
(Reuters) US
Home Foreclosures Set Another Record in July Colonial BancGroup shut down by
federal officials (largest bank failure this year) (AP) Economist:
Claim that Economy Has Recovered “Is Like Somebody Borrowing Money from Their
Uncle and Then Celebrating that Their Income Has Gone Up” ]
PERSONAL & BUSINESS BANKRUPTCIES UP, WORTHLESS WEIMAR DOLLAR DOWN,
FORECLOSURES UP (32% YOY AND 7% MOM AT NEW RECORD, 50% HOMES UNDERWATER,
COMMERCIAL TO FOLLOW), CONFIDENCE REALISTICALLY DOWN, $100+ OIL AROUND CORNER
(2010-HOGAN); CELENTE-DEPRESSION NOW UNDERWAY
Bob Prechter Quite Sure Next Wave Down Will Be Bigger
and March Lows Will Break Gerald Celente 2.5 Million Jobs Lost Since Obama’s
Presidency PAPER: Fresh alert on global
stock markets...
TO KEEP SUCKERS SUCKERED [ Insiders Continue to Sell, Sell, Sell (at Seeking Alpha –
8/13/09) (7-29-09) Insiders Selling at Alarming
Levels Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [Tarp banks award billions in bonuses... Goldman Sachs on pace for record bonuses: report
(Reuters) Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly Max Keiser: Prosecute the Bankster Crime Syndicate The Market's Horoscope:
Downside Correction ! [ Entering
the Greatest Depression in History Andrew Gavin
Marshall | The crisis has many bubbles, all of which dwarf the
housing bubble burst of 2008. Geithner asks
Congress for higher U.S. debt limit U.S.
regulators close 3 banks, total now 72 US deficit
climbs to 1.3 trillion dollars This Depression is
just beginning The Next Wave of Collapse is Coming Sooner than you think
Back in the Great Depression of 1929 through the 1930’s, we saw
a similar Zig-zag pattern. There was a crash in 1929, followed by a nice rally,
but then the most devastating part of the market collapse followed into the
1930’s. Feds Hit With Biggest Tax Revenue Drop Since
1932... The Great Depression Two Continues There is no coincident data which is
demonstrating this recession is over. Some may be at the bottom, others have a
way to go… An Artifical
Recovery [$$] Why I Went Fully Into
Cash Bob Prechter "Quite Sure" Next Wave Down
Will Be Bigger and March Lows Will Break A REALITY CHECK ON U.S. 'ECONOMIC
RECOVERY' Jeff Nielson - U.S. equities
are rallying again today, and (as usual) it is a rally with no basis in
reality. Most of the enthusiasm comes from another string
of corporate quarterly results which “beat expectations”. I had hoped that the
sheep were starting to clue-in to this silly game, however it appears there is
a still a large pack of Pavlov's Dogs out there – who respond to their
propaganda cues without a moment of actual thought. The truth is that all of
the companies “beating expectations” are still reporting steadily worse results
year-over-year – and in many cases, much worse results. Among the few
exceptions are U.S. financial corporations. However, since accounting-fraud was
legalized in the United States (see “FASB strong-armed into mark-to-fantasy accounting”),
their bottom-lines have had absolutely no connection to their business
operations… The
Real Economy Versus the Make-Believe World of the Government and Financial
Giants In the real economy, unemployment is at
Depression-era levels. Top firms' pension funds plummet Consumer bankruptcies jump 34%
Nine Of Ten Sectors Overbought This Depression is
just beginning US companies
axe 371,000 jobs in July Half of U.S.
mortgages seen underwater by 2011... Recovery ‘not in sight’ says BMW ] CONTINUED
FRAUD WITH PROGRAMMED SUCKERS’ RALLY DESPITE NEW RECORD FOR CONTINUING
UNEMPLOYMENT CLAIMS AT 6.3 MILLION AND AS I WARNED, WATCH FOR FAKE REPORTS IN
DESPERATION – AND LABOR DEPT. CAME THROUGH WITH FAKE REPORT AND NEW LIE BASED
UPON PEOPLE STOPPED LOOKING FOR JOBS SO THEIR RATE 9.4 BUT OBAMA SAYS 10% -
REALITY IS UNEMPLOYMENT RATE IS WELL OVER 10%, THEN AIG SOARS ON “PROFIT” WITH
$87 BILLION IN TAXPAYER FUNDS TO PLAY WITH
[ Max Keiser: Prosecute the Bankster Crime Syndicate Insiders Continue to Sell, Sell, Sell (at Seeking Alpha) PAPER: Fresh alert on global
stock markets... Retail sales fall, new jobless claims rise (Reuters) US
Home Foreclosures Set Another Record in July (7-29-09)
Insiders Selling at Alarming Levels …Although the level of insider selling is certainly
alarming it's important to note that the very low levels of buying are
particularly alarming. Insiders sell stock for many reasons, but they generally
only buy stock for one reason: they believe the stock is going up. Despite the
fact the media is reporting an end to the recession, a bottom in housing and a
trough in earnings we are seeing a vote of zero confidence from the people who
know these companies better than anyone else…
Entering
the Greatest Depression in History Andrew Gavin
Marshall | The crisis has many bubbles, all of which dwarf the
housing bubble burst of 2008. Geithner asks
Congress for higher U.S. debt limit U.S.
regulators close 3 banks, total now 72 US deficit climbs
to 1.3 trillion dollars Causes of This Depression Yet To Be Addressed Further impoverishment is on the way. More
and more will be laid off and they’ll be no new jobs available. Savings will be
exhausted and most homes that have been financed will be under water. Some banks paid bonuses bigger than income: o This Depression is
just beginning You read that right! Only $400 billion
of that fantastic 6 month “green shoots” stock market rally came from money
market accounts. The rest ($2.3 trillion) was laundered through the banks and
other financial institutions to create the appearance of recovery and to raise
equity for underwater banks rather than forcing them into receivership (which
is where they belong) Bernanke probably knew that congress wouldn’t approve
another TARP-type bailout for dodgy mortgage-backed assets, so he settled on
this shifty plan instead. The only problem is, the banks are still broke,
business investment is at historic lows, consumers are on the ropes, the
unemployment lines are swelling, the homeless shelters are bulging, the pawn
shops are bustling, tent cities are sprouting up everywhere, and according to MarketWatch,
Corporate insiders have recently been selling their companies’ shares at a
greater pace than at any time since the top of the bull market in the fall of
2007.” Face it; the economy is in the crapper and Bernanke’s trickery hasn’t
done a lick of good. The Next Wave of Collapse is Coming Sooner than you think
Back in the Great Depression of 1929 through the 1930’s, we saw
a similar Zig-zag pattern. There was a crash in 1929, followed by a nice rally,
but then the most devastating part of the market collapse followed into the
1930’s. Bob Prechter "Quite Sure" Next Wave Down
Will Be Bigger and March Lows Will Break The
Real Economy Versus the Make-Believe World of the Government and Financial
Giants In the real economy,
unemployment is at Depression-era levels.
Top firms' pension funds plummet Consumer bankruptcies jump 34%
Nine Of Ten Sectors Overbought This Depression is
just beginning Feds Hit With Biggest Tax Revenue Drop Since
1932... The Great Depression Two Continues There is no coincident data which is
demonstrating this recession is over. Some may be at the bottom, others have a
way to go… An
Artifical Recovery [$$] Why I Went Fully Into
Cash US
food stamp list tops 34 million for first time The
Banks Own the Fed, and the Central Banks Own BIS AIG
breakup nets Wall Street $1 billion bonanza: report ‘Underwater’
Mortgages to Hit 48%, Deutsche Bank Says Oil price hits $76, highest
since October...
US companies axe 371,000 jobs in July Half of U.S.
mortgages seen underwater by 2011... Recovery ‘not in sight’ says BMW Half of U.S.
mortgages seen underwater by 2011... Recovery ‘not in sight’ says BMW Recession Worse Than Prior Estimates, Revisions Show Bloomberg | The first 12 months of the U.S.
recession saw the economy shrink more than twice as much as previously
estimated, reflecting even bigger declines in consumer spending and housing,
revised figures showed.
DO YOU REALIZE HOW MANY SUCKERS’ RALLY POINTS WERE ADDED BY THE FAKE NUMBERS
CONTRIBUTING TO THIS NEW COMMISSIONING BUBBLE! REVISED: ECONOMY 2X WORSE...
The government plans big revisions to historical economic
data... Developing... Regulators shut banks in
Fla., NJ, Ohio, Okla... WASHINGTON (7-31-09) (AP) -- Regulators on Friday shut down banks in Florida, New
Jersey, Ohio, Oklahoma and Illinois, boosting to 69 the number of federally
insured banks to fail this year amid the pressures of the weak economy and
mounting loan defaults. PhD
Economist: Fed has Caused Soaring Unemployment, Millions of Foreclosures,
Millions Losing Life Savings and More than $6 Trillion in Lost Output DOLLAR DROPS TO '09 LOW...
Unemployment spreads distress in U.S. home loans Weak Treasury Auctions Raise Worries About Debt
Burden... [$$] Senate Probes
Banks for Meltdown Fraud (at The Wall Street Journal Online) Even Bernanke Admits this Could be Worse than the Great
Depression Senate probes Goldman,
Deutsche: report (Reuters)
The Real Unemployment Rate Hits a 68-Year High 2009 Looking More Like 1929 Dollar Falls to
2009 Low... U.S. Markets Decline After
Weaker Than Expected Data A REALITY CHECK ON U.S.
'ECONOMIC RECOVERY' Jeff Nielson - U.S.
equities are rallying again today, and (as usual) it is a rally with no basis
in reality. ] AND NOTHING REAL OR POSITIVE
AT ALL (IE., STILL NO PROSECUTIONS OF THE FRAUDS ON WALL STREET SO JUST ANOTHER
BUILT-IN COST BY CHURN-AND-EARN COMMISSIONS TO, DEFACTO TAX ON NON-PERFORMING /
DECLINING ECONOMY, DURABLE GOODS DOWN/FORECLOSURES UP, CONFIDENCE REALISTICALLY
DOWN, CORRUPT COMMERCE DEPARTMENT CHIMES IN WITH FAKE NUMBERS, USED HOME SALES
UP WITH DEFAULTS/ SHORT SALES, JOB LOSSES UP, BETTER THAN EXPECTED MANTRA,
GUIDANCE THAT DEFIES REALITY BY A LONG SHOT AS IN LAST COMMISSIONABLE BUBBLE
BUST, JOB/COST CUTS TO BONE, ETC.) ( Max Keiser: Prosecute the Bankster Crime Syndicate Max
Keiser: Goldman Sachs Are “Scum,” “Financial Terrorists” Bank profits not as impressive as they seem
when you take into account TARP funding, changed accounting rules to fudge
books, new stock issues, etc… um Cost
Of Bailout Hits A Whopping $24 Trillion Dollars Entering
the Greatest Depression in History Andrew Gavin
Marshall | The crisis has many bubbles, all of which dwarf the
housing bubble burst of 2008. Geithner asks
Congress for higher U.S. debt limit U.S.
regulators close 3 banks, total now 72 US deficit climbs
to 1.3 trillion dollars Stearns Crucifies Paulson On Bailout Bait And Switch
Fiscal ruin of the Western world beckons Foreign Embassies Urged to Stockpile Local Currencies
Bailout
Overseer Says Banks Misused TARP Funds Regulators shut banks in Calif., Ga. and SD ) TO KEEP
SUCKERS SUCKERED [ (7-29-09) Insiders Selling at Alarming
Levels Insiders Exit Shares at the
Fastest Pace in Two Years Bob Prechter "Quite Sure" Next Wave Down
Will Be Bigger and March Lows Will Break ] AND COMMISSION
DOLLARS FLOWING [Tarp banks award billions in bonuses... Goldman Sachs on pace for record bonuses: report
(Reuters) Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly Max Keiser: Prosecute the Bankster Crime Syndicate Corporate
Media Spotlights Distortion of Market by High Frequency Trading [$$] Big Pay
Packages Return to Wall Street as new fraud gains steam (at The Wall Street
Journal Online) Max Keiser: Goldman Sachs
gang are ’scum’ who have co-opted U.S. gov’t Max
Keiser: Goldman Sachs Are “Scum,” “Financial Terrorists” Max Keiser goes on the offensive during an
appearance on France 24 as he slams Goldman Sachs as “scum” and “financial
terrorists” who should be thrown in jail.
‘Printing
money will lead to serious problems down the road,’ says Jim Rogers Spitzer: Federal Reserve is ‘a
Ponzi scheme, an inside job’ 2009 Looking More
Like 1929 AIG
breakup nets Wall Street $1 billion bonanza: report ] BASED ON
CONTINUED BAD NEWS ( ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF
RECOVERY... Scams
And Bailouts The Cause of World Depression Insiders Continue to Sell, Sell, Sell (at Seeking Alpha
8/13/09) PAPER: Fresh alert on global
stock markets... Retail sales fall, new jobless claims rise (Reuters) US
Home Foreclosures Set Another Record in July (7-29-09) Insiders Selling at Alarming
Levels Entering
the Greatest Depression in History Andrew Gavin
Marshall | The crisis has many bubbles, all of which dwarf the
housing bubble burst of 2008. The
Market's Horoscope: Downside Correction Geithner asks
Congress for higher U.S. debt limit U.S.
regulators close 3 banks, total now 72 US deficit climbs
to 1.3 trillion dollars Causes of Depression Yet To Be Addressed Further impoverishment is on the way. More
and more will be laid off and they’ll be no new jobs available. Savings will be
exhausted and most homes that have been financed will be under water. Some banks paid bonuses bigger than income: o This Depression is
just beginning You read that right! Only $400 billion
of that fantastic 6 month “green shoots” stock market rally came from money
market accounts. The rest ($2.3 trillion) was laundered through the banks and
other financial institutions to create the appearance of recovery and to raise
equity for underwater banks rather than forcing them into receivership (which
is where they belong) Bernanke probably knew that congress wouldn’t approve
another TARP-type bailout for dodgy mortgage-backed assets, so he settled on
this shifty plan instead. The only problem is, the banks are still broke, business
investment is at historic lows, consumers are on the ropes, the unemployment
lines are swelling, the homeless shelters are bulging, the pawn shops are
bustling, tent cities are sprouting up everywhere, and according to
MarketWatch, Corporate insiders have recently been selling their companies’
shares at a greater pace than at any time since the top of the bull market in
the fall of 2007.” Face it; the economy is in the crapper and Bernanke’s
trickery hasn’t done a lick of good. The Next Wave of Collapse is Coming Sooner than you think
Back in the Great Depression of 1929 through the 1930’s, we saw
a similar Zig-zag pattern. There was a crash in 1929, followed by a nice rally,
but then the most devastating part of the market collapse followed into the
1930’s. Feds Hit With Biggest Tax Revenue Drop Since
1932... The Great Depression Two Continues There is no coincident data which is
demonstrating this recession is over. Some may be at the bottom, others have a
way to go… An
Artifical Recovery [$$] Why I Went Fully Into
Cash Bob Prechter "Quite Sure"
Next Wave Down Will Be Bigger and March Lows Will Break The
Real Economy Versus the Make-Believe World of the Government and Financial
Giants In the real economy, unemployment is at
Depression-era levels. US companies
axe 371,000 jobs in July Half of U.S. mortgages seen underwater by 2011...
Recovery ‘not in sight’ says BMW Top firms' pension funds plummet Consumer bankruptcies jump 34%
Nine Of Ten Sectors Overbought This Depression is
just beginning US
food stamp list tops 34 million for first time The
Banks Own the Fed, and the Central Banks Own BIS AIG
breakup nets Wall Street $1 billion bonanza: report ‘Underwater’
Mortgages to Hit 48%, Deutsche Bank Says Oil price hits $76, highest
since October...
US companies axe 371,000 jobs in July Half of U.S.
mortgages seen underwater by 2011... Recovery ‘not in sight’ says BMW Unemployment spreads distress in U.S. home loans Cities in the U.S. Sun Belt states of
California, Florida, Nevada and Arizona dominated the record foreclosure spree
in the first half of the year, but distress in other regions emerged as
joblessness spread, RealtyTrac said on Thursday. Recession
Worse Than Prior Estimates, Revisions Show Bloomberg | The
first 12 months of the U.S. recession saw the economy shrink more than twice as
much as previously estimated, reflecting even bigger declines in consumer
spending and housing, revised figures showed. Do you realize how many suckers’
rally points were added by the fake numbers contributing to this new
commissioning bubble! REVISED: ECONOMY 2X WORSE...
The government plans big revisions to historical economic
data... Developing... Regulators shut banks in
Fla., NJ, Ohio, Okla... WASHINGTON (AP) -- Regulators on Friday shut down banks in Florida, New
Jersey, Ohio, Oklahoma and Illinois, boosting to 69 the number of federally
insured banks to fail this year amid the pressures of the weak economy and
mounting loan defaults. PhD
Economist: Fed has Caused Soaring Unemployment, Millions of Foreclosures,
Millions Losing Life Savings and More than $6 Trillion in Lost Output DOLLAR DROPS TO '09 LOW... 75%
Favor Auditing The Fed Tarp banks
award billions in bonuses... The Real Unemployment Rate Hits a 68-Year High 2009 Looking More Like 1929 Dollar Falls to
2009 Low... Six Georgia banks
fail, bringing year tally to 64.... Rally may cool on earnings reality check Dollar Falls to Near 2009 Low as Economy Pares Refuge
Demand Ben
Bernanke Was Wrong Wall
Street’s Love Affair with Ben Bernanke Mike Whitney | bernanke knows that the country is in a Depression
Scams
And Bailouts The Cause of World Depression New US weekly jobless claims jump Its Official: U.S. Trapped in an Extended Depressionary
Cycle MICROSOFT Profit Drops 29% as
PC Slowdown Weighs on Revenue… they haven’t availed themselves of the fake
assets/books legislation recently passed... AMAZON.COM Profit
Drops 10%... Bernanke:
“I Don’t Know” Which Foreign Banks Were Given Half a Trillion Paul Joseph Watson Grayson grills Fed chairman on destination of credit
swaps. Fed:
unemployment will top 10 percent this year... Foreclosures (those increased home
sales that has been fueling suckers’ rally)
rise 15 percent in first half of 2009 (7-17) Three more banks
fail, bringing 2009 tally to more than double all of 2008 at a total thus far
of 57 Lower Markets on the Horizon Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly The Ultimate Insider Trading Scheme Max Keiser: Goldman Sachs
gang are ’scum’ who have co-opted U.S. gov’t Cost
Of Bailout Hits A Whopping $24 Trillion Dollars Stearns Crucifies Paulson On Bailout Bait And Switch
Fiscal ruin of the Western world beckons Foreign Embassies Urged to Stockpile Local Currencies
Bailout
Overseer Says Banks Misused TARP Funds TARP watchdog says Treasury lacking bank data Goldman Sachs
caused the problems in the first
place… Who can deny that? Budget deficit tops $1 trillion for first time
(AP) CIT Watch: Analysts Says Debt Load Isn't the
Only Problem Geithner Refuses to Rule Out
Continuing Using American Taxpayer as Piggy Bank for Derivatives Losses
WHITE
HOUSE ECON ADVISER CLAIMS SUCCESS: FEWER PEOPLE SEARCHING 'ECONOMIC DEPRESSION'
ON GOOGLE BECAUSE EXPERIENCING IT FIRST-HAND THEY ALREADY KNOW WHAT ECONOMIC
DEPRESSION IS... What
Economy? There’s Nothing Left to Recover There is no economy left to recover. The US manufacturing economy
was lost to offshoring and free trade ideology. It was replaced by a mythical
“New Economy “ ; less bad, not as bad as expected…riiiiight!, tarp money
for the commission frauds on wall street in new manufactured bubble as
actual/real manufacturing down again; consumer confidence down,
commercial loans begin default phase of downturn, 6.9 million continuing
unemployment claims for new record; retail sales down sharply A REALITY CHECK ON U.S. 'ECONOMIC
RECOVERY' Jeff Nielson - U.S. equities
are rallying again today, and (as usual) it is a rally with no basis in
reality. Economist:
FDIC gearing up for bank closures Goldman Sachs Admits Its Software Can “Manipulate Markets
in Unfair Ways and fraudulently generate commissions /trade volume” Max Keiser: Goldman Sachs gang
are ’scum’ who have co-opted U.S. gov’t You Tube | Goldman Sachs are scum– that’s the bottom line.
They have co-opted the government, the Treasury Department and the Federal
Reserve’s functionality. They’ve co-opted the Obama administration & Barack
Obama dances to Goldman Sachs’ tune. True unemployment rate already at 20% This Depression
Will Last For Years Wyoming sees
first bank failure since 1991 China
criticizes dollar AIG Preparing to Pay New
Round of Bonuses... While Talking About Keynesian Stimulus, Feds Are Really
Just Giving Money to the Big Frauds
FDIC
Insurance Fund: It Doesn’t Actually Exist Replacing the dollar as reserve currency US loses 467,000 jobs, unemployment at 9.5% 'We're in the Middle of a Crash': Black Swan... Economic
Expectations – Unemployment Rate Will Reach 15% David Tice: We are going into a depression-15%
unemployment or more on horizon. U.S. consumers fall behind on loans at
record pace FBI: Mortgage
fraud 'rampant' and growing... Celente and Schiff
Predict Food Panic This Year. Watch clips HERE. Fema Camps Built. Wall Street hits 10-week low amid talk of new
stimulus (7-2)Seven more banks fail,
bringing 2009 tally to more than double all of 2008 at a total thus far of 52;
Private sector sheds another 473,000 jobs in June... US lurching towards ‘debt
explosion’ with long-term interest rates on course to double Jim Rogers Sells Dollars, Plans
to Short Treasuries ‘Sucker’s Rally Beginning To Unwind’ daaaah…? Calls grow to supplant dollar as global currency China officials
call for displacing dollar, in time Tracking Two
Depressions, 1929 and now this Mortgage applications fall to 7-month low... Private
sector sheds another 473,000 jobs in June... 'Layoffs may be worsening'... AIG shares drop
after 1-for-20 reverse-stock split (AP) Manhattan
apartment prices skid 13 to 19 percent Job
losses / job concerns realistically weigh on confidence, real estate
values/prices continue downward trend as per Case / Shiller Index (-18.1%, -21%
in california) Consumer
confidence suffers steep fall... Home prices post 18% annual
drop... Worldwide Depression: Review of Global Markets . Four banks
fail, bringing 2009 tally to 19 more than all of 2008 at a total thus far of 44 Dollar Falls Most in Month as China Urges New Reserve
Currency Gerald Celente speaks on Cap and Trade and other handicaps
to the US economy HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH
CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT ONE
PROSECUTION IN THE MOST RECENT MASSIVE
SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS
WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK
MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T),
CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH
THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD
IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE,
RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED
SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS
ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC!
… THAT MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS,
… NOT OUT OF THIN AIR! ] TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP
SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
A REALITY CHECK ON U.S. 'ECONOMIC
RECOVERY' Jeff Nielson - U.S. equities
are rallying again today, and (as usual) it is a rally with no basis in
reality. , personal
income up modest .2% and spending down, China calls for new reserve currency to
supplant worthless dollar Dollar
And Stocks Drop As China Calls For New Global Currency , continuing
unemployment claims at or near record 627,000, weekly unemployment claims up
15,000, and GDP contraction –5.5%, all worse than expected (lennar wider than
expected quarterly loss rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing words/b.s. from fed which
previously predicted no recession that economy still contracting but that the
contraction is somewhat slowing…what b**l s**t!…, analysts- buffet/economy in
shambles, Hogan/negative GDP growth and inflation owing to debasement of the
dollar as well as deficit spending/pump-priming in the trillions, joker
stein/economy a mess and continued job losses, new home sales down .6%; U.S. Home Prices Drop 6.8
Percent in April as Foreclosures Rise foreclosure sales
up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their
40th bank of the year , Next
Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9%
and big difference between not getting worse and getting better, market got
ahead of itself, stalled out, still depression/more job losses, higher oil-gas
prices / higher interest rates / heavy debt to pare down is 1-3 year drag on
economy, even if believed (I don’t) the labor dept. far better than expected
job numbers by increased debt (spending) to produce same is not economically
sound or sustainable, viz., record spending with record low revenues, rating
cuts for bank sector, analysts concur in significant 5-15% (reality says
15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down
1.1%, housing starts allegedly up but if believed will only increase the
plethora of unsold inventories, empire manufacturing index suffers unexpectedly
severe decline…daaaah!, credit dard defaults at record high, analysts concur that
fundamentals don’t support stock rally and that pac money(defacto bribes) might
derail any meaningful reform/regulation which is of concern to the frauds on
wall street who should be prosecuted, record loss of wealth, higher gas prices,
job losses, higher interest rates / yields, higher commodity prices, higher
deficits, hyperinflation, record continuing unemployment claims at 6.8 million,
worthless Weimar dollar crashing, money
supply exploding with hyperinflation/higher interest rates coming, budget deficit
at new highs and trade deficit worse than expected, analyst who called crash
says inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets Jim Rogers: “The Worst is Not
Over” 6/9/2009 A REALITY CHECK ON U.S.
'ECONOMIC RECOVERY' Jeff Nielson - U.S.
equities are rallying again today, and (as usual) it is a rally with no basis
in reality. Markets See a Breakdown in
Technical Support Levels Roubini: USA sees
double-dip recession... Jobless claims rise; GDP dips in 1Q Bernanke faces GOP-led (who are they
kidding-bushies/paulsen went so far as threaten martial law- prosecute now!
They continue to allow the wall street fraud and political theater doesn’t
change their complicity) heat on BofA-Merrill deal Fed Tried to Cover-up Its
Involvement in Bank of America-Merrill Deal U.S. Economy: Jobless Claims
Rise in Sign Labor Market Stagnant Dollar
drops on reserve currency doubts China sells US
bonds to ’show concern’ BRICs May Buy
Each Other’s Bonds in Shift From Dollar China’s holding of US bonds
drops first time in 11 months Russia to Raise Reserve
Currency Issue at BRIC International
Demand for Worthless U.S. Assets Slowed in April IMF says worst not over Senator cashed out during big
stock collapse -- after meeting with Fed, Treasury chiefs! America's AAA
downgrade danger...
Treasury
faces pressure on price of TARP exit A depression so deep even
teen shoppers scrimp US cities may have to be bulldozed in order to survive 1st quarter
wiped out $1.3 trillion for Americans Get Ready for Inflation and
Higher Interest Rates Oil prices near $73 as
energy rally continues Fed Would Be Shut Down If It
Were Audited Fed says
economy weak, but sees signs the slide increasing Mounting
deficits spark jitters about U.S. economy Wall Street falls as
realities dent recovery hopes
Bonds fall on
worries about government's debt load (AP) Oil prices
strike new high for 2009 (AP) The depression quietly deepens
CHINA
AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes,
We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake government job loss report near 40%
better than private forecasts…I don’t think so!…9.4% unemployment rate…try well
over 10% and with stopped looking included over 20% , Jim
Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now China explores
buying $50bn in IMF bonds US retailers
report May sales declines Tiny
Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector
job losses/factory orders worse than expected, new record continuing
unemployment claims, bernanke spend more money you don’t have but cut
debilitating deficit…riiiiight…sounds like a plan with more job losses to come,
etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As
the Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD
$63.8 TRILLION... The Big Collapse
Is Very Near Dollar Declines as Nations Mull Reserve Currency Alternative
Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record
decline in real estate prices, $80+ oil
coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
, world economy to shrink by worse than
previously predicted 2.9% and big difference between not getting worse and
getting better, leading
indicators up far more than expected … bull s**t …based in large part on
inflated stock price component … more bull s**t … new
reform with same old frauds say increased capital requirements and oversight of
the overseers/rating agencies (riiiiight!…same old,same old - already have but
no will to enforce existing laws, etc.), analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets Insiders Exit Shares at the
Fastest Pace in Two Years BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... The Next Bubble Is Here. Have You Bought In? Here
we go again! Barney Frank asks FANNIE and FREDDIE to relax Mortgage lending
rules... Fed Tried to Cover-up Its Involvement in Bank of America-Merrill
Deal Dollar
And Stocks Drop As China Calls For New Global Currency Citigroup
Ordered to Suspend Some Operations in Japan Bernanke
Grilling May Weaken Case for Fed as Risk Regulator Citi boosting salaries to offset lower bonuses,
allegedly to retain the clowns who helped make them taxpayer dependant and
cause the current debacle; how ‘bout firing them instead and offering
opportunity to the new, particularly non-ivy league vegetable garden grads [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. Home Prices Drop 6.8 Percent
in April as Foreclosures Rise [$$] Red Roof Inn Defaults on Mortgage Debt (at The
Wall Street Journal Online)
MySpace to cut two-thirds of global
workforce GM to cut 4,000 more white-collar jobs
by year end Oracle tops forecasts despite sales,
profit dip; stated another way, bad news will be shilled as good news (AP) California
Collapsing Bankster “Holiday” Planned for September?
Recession Sparking Global Unrest
Is Your Portfolio Ready for the Next
Leg Down? S&P turns negative for year in
broad sell-off (Reuters) Goldman Sachs on pace for record bonuses: report
(Reuters) Numbers On Welfare See Sharp
Increase Top Insiders Playing You For A
Sucker? The death of the dollar. Who
could deny it? Stanford indicted in
massive U.S. fraud case which is small potatoes compared to ubiquitously
massive wall street securities fraud which caused the ongoing financial debacle Venture
Capital Bubble Set to Burst, Kedrosky Says Obama Plans to Cut Bank
Regulators, Allow Fed to Supervise Financial Holding Companies – The old fox
guarding the henhouse tricks Federal Reserve unwisely to
gain power under plan Federal Reserve Foolishly
To
Be Given Sweeping New Powers Yen Strengthens Most in Month
as Asian Stocks Drop, Gold Gains RUSSIA
CHALLENGES WORTHLESS DOLLAR... AIG says former
top exec plundered retirement plan [video] The Too-Big-to-Fail
Problem [6.8 min] (at MarketWatch) [$$] Too Big to
Solve? (at The Wall Street Journal Online) Buy and Hold Is
Dead. Long Live Buy and Hold! Financial Bailout Plan Keeps
Zombie Banks Alive Bernanke then as now in denial
about looming crisis 2005-2007 Retail sales, drop
in jobless claims to a very high even if believed 601,000 yielding record
continuing claims of 6.8 million fuel hope…if you’re a dope Lawmakers
blast Fed, Treasury for BofA "threats" Oil climbs over $73 on
hopes for rising demand U.S. Household
Worth Fell by $1.3 Trillion in First Quarter Predictions of $250
a barrel on oil ECB Fears Reality
of Banking Crisis in 2010: Report Get Ready for Inflation and
Higher Interest Rates Bill To Audit Federal Reserve
Now Has 209 Co-Sponsors Russia May Swap Some U.S.
Treasuries for IMF Debt Fed report shows losses on Bear Stearns, AIG holdings Congress subpoenas the Fed ... Finally!
(AP) Brazil in recession, recovery unlikely this year What a “Jobless Recovery”
Really Means: A Massive Redistribution of Wealth from the Little Guy to the Big
Boys Obama
Tells American Businesses to Drop Dead America’s Fed Addiction “87
Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are Unsafe” Fed Said to
Retreat From Seeking Power to Sell Its Own Debt/Bills WIRE:
Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory
Loss
Obama’s economic model versus
reality Reality
bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government
reports better than private estimates…riiiiight! President
of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now Benefit spending
soars to new high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC:
OIL COULD REACH $90... ----- Existing home
foreclosure sales up, and no profit discount car sales better than
expected Diluting like crazy through new stock
bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
(8-24-09)
Dow
9,509 +3 To stamp out fraud, no change from suckers’ rally worth
reporting for second, third, fourth weeks of March and April -436 for the first week of March -12% for the month of February -8.8% (-775) for the
month of January -1% for fourth week of
January -2.5% for third week of January -4% for second week of January -5% for first full week of
January -34% for the year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 2017 -3 To stamp out fraud, no change from
suckers’ rally worth reporting for second, third, fourth weeks of March and April -84 for
the first week of March -7% for the month of
February -6.4% (-101) for the month of
January -1% for fourth week of January
-3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P
500 1,025 -.56 To stamp out fraud, no change from
suckers’ rally worth reporting for second,
third, fourth weeks
of March and
April -52 for the first week of March -11%
for the month of February -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $74.37
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.74 (reg. gas in LAND
OF FRUITS AND NUTS $3.05 REG./ $3.16
MID-GRADE/ $3.25 PREM./ $2.95 DIESEL)/
GOLD $947.70 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $14.19
PLATINUM $1,238 / DOLLAR= .69 EURO, 93 YEN, .59 POUND STERLING, ETC. (How low
can you go - LOWER)/ 10 YR NOTE YIELD 3.47% …..… AP Business Highlights … ...Yahoo Market Update... ]
YAHOO - BRIEFING.COM Weekly Recap
Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Must Read
Economic/Financial Data This Depression is
just beginning The Next Wave of Collapse is Coming Sooner than you think
ABSOLUTELY,
ABSURDLY, RIDICULOUS! GREAT OPPORTUNITY TO SELL / TAKE PROFITS WHILE YOU CAN IN
THIS UNIQUELY PREPOSTEROUS AND FRAUDULENT ENVIRONMENT WITH SUCKERS’ RALLY BASED
ON HIGHER OIL PRICES ON EVER MORE WORTHLESS WEIMAR DOLLAR, INCREASED
FORECLOSURE SALES AND BEN (HE HOPES HE STILL HAS A JOB) BERNANKE BULL S**T
(REMEMBER HIS NO RECESSION TALKS, MANY OF THEM, TO FROTH THE MARKET THEN AS NOW
AND HOW MANY SUCKERS’ POINTS TO THE UPSIDE THEREFROM – WHAT TOTAL BULL S**T,
WHAT FRAUDS!) AND CONTINUED BAD NEWS [ INSIDERS ARE DUMPING STOCK INSIDERS CONTINUE TO SELL, SELL, SELL (AT
SEEKING ALPHA 8/13/09) PAPER: FRESH ALERT ON GLOBAL
STOCK MARKETS... AP sources: $2 trillion higher deficit projected (AP) Failed banks mount; Ga, Ala, and large Texas banks shut Learn
to Love the Depression US jobless claims in surprise jump for second week WHY DO EQUITY MARKETS DISAGREE WITH
THE DATA? Brookings “Experts” Admit Stimulus a Bust Analyst warns of 150-200 more U.S. bank failures Government Revises Deficit Estimates Again: We Will Exceed
Expectations Manufacturing Jobs Drop To Lowest Level Since 1941 What rebound? Foreclosures rise as jobs and income drop Fed to Steal State Pension Funds IMF Says You’ll Have to Pay More Taxes The risk of continuing depression rising CALPERS IS UNSUSTAINABLE What rebound? Foreclosures
rise... Grab Your Shorts, The Correction Has Begun THE
SECOND WAVE OF THE DEPRESSION: HYPERINFLATION IS LIKELY THE FDIC IS BROKE. NOW WHAT? (PART II) DOLLAR TO DECLINE AMID
CONCERN AS IT 'LOSES RESERVE STATUS'... JOBLESS
SPIKE COMPOUNDS FORECLOSURE CRISIS STOCKS
SLIDE ON ECONOMY CONCERN WORLD STOCKS, OIL TUMBLE ON U.S. FRAUD EXPOSURE AND CONSUMER
WORRIES Connecticut
Not Learning the Right Lessons from California Weekly Market Outlook: Commercial Real Estate Continues to
Deteriorate Retail sales fall, new jobless claims rise
(Reuters) US
Home Foreclosures Set Another Record in July Colonial BancGroup shut down by
federal officials (largest bank failure this year) (AP) Economist:
Claim that Economy Has Recovered “Is Like Somebody Borrowing Money from Their
Uncle and Then Celebrating that Their Income Has Gone Up” ] PERSONAL
& BUSINESS BANKRUPTCIES UP, WORTHLESS WEIMAR DOLLAR DOWN, FORECLOSURES UP
(32% YOY AND 7% MOM AT NEW RECORD, 50% HOMES UNDERWATER, COMMERCIAL TO FOLLOW),
CONFIDENCE REALISTICALLY DOWN, $100+ OIL AROUND CORNER (2010-HOGAN);
CELENTE-DEPRESSION NOW UNDERWAY Bob Prechter Quite Sure Next Wave Down Will Be Bigger
and March Lows Will Break Gerald Celente 2.5 Million Jobs Lost Since Obama’s
Presidency PAPER: Fresh alert on global
stock markets...
TO KEEP SUCKERS SUCKERED [ Insiders Continue to Sell, Sell, Sell (at Seeking Alpha –
8/13/09) (7-29-09) Insiders Selling at Alarming
Levels Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [Tarp banks award billions in bonuses... Goldman Sachs on pace for record bonuses: report
(Reuters) Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly Max Keiser: Prosecute the Bankster Crime Syndicate The Market's Horoscope:
Downside Correction ! [ Entering
the Greatest Depression in History Andrew Gavin
Marshall | The crisis has many bubbles, all of which dwarf the
housing bubble burst of 2008. Geithner asks
Congress for higher U.S. debt limit U.S.
regulators close 3 banks, total now 72 US deficit
climbs to 1.3 trillion dollars This Depression is
just beginning The Next Wave of Collapse is Coming Sooner than you think
Back in the Great Depression of 1929 through the 1930’s, we saw
a similar Zig-zag pattern. There was a crash in 1929, followed by a nice rally,
but then the most devastating part of the market collapse followed into the
1930’s. Feds Hit With Biggest Tax Revenue Drop Since
1932... The Great Depression Two Continues There is no coincident data which is
demonstrating this recession is over. Some may be at the bottom, others have a
way to go… An Artifical
Recovery [$$] Why I Went Fully Into
Cash Bob Prechter "Quite Sure" Next Wave Down
Will Be Bigger and March Lows Will Break A REALITY CHECK ON U.S. 'ECONOMIC
RECOVERY' Jeff Nielson - U.S. equities
are rallying again today, and (as usual) it is a rally with no basis in
reality. Most of the enthusiasm comes from another
string of corporate quarterly results which “beat expectations”. I had hoped
that the sheep were starting to clue-in to this silly game, however it appears
there is a still a large pack of Pavlov's Dogs out there – who respond to their
propaganda cues without a moment of actual thought. The truth is that all of
the companies “beating expectations” are still reporting steadily worse results
year-over-year – and in many cases, much worse results. Among the few
exceptions are U.S. financial corporations. However, since accounting-fraud was
legalized in the United States (see “FASB strong-armed into mark-to-fantasy accounting”),
their bottom-lines have had absolutely no connection to their business
operations… The
Real Economy Versus the Make-Believe World of the Government and Financial
Giants In the real economy, unemployment is at
Depression-era levels. Top firms' pension funds plummet Consumer bankruptcies jump 34%
Nine Of Ten Sectors Overbought This Depression is
just beginning US companies
axe 371,000 jobs in July Half of U.S.
mortgages seen underwater by 2011... Recovery ‘not in sight’ says BMW ] CONTINUED
FRAUD WITH PROGRAMMED SUCKERS’ RALLY DESPITE NEW RECORD FOR CONTINUING
UNEMPLOYMENT CLAIMS AT 6.3 MILLION AND AS I WARNED, WATCH FOR FAKE REPORTS IN
DESPERATION – AND LABOR DEPT. CAME THROUGH WITH FAKE REPORT AND NEW LIE BASED
UPON PEOPLE STOPPED LOOKING FOR JOBS SO THEIR RATE 9.4 BUT OBAMA SAYS 10% -
REALITY IS UNEMPLOYMENT RATE IS WELL OVER 10%, THEN AIG SOARS ON “PROFIT” WITH
$87 BILLION IN TAXPAYER FUNDS TO PLAY WITH
[ Max Keiser: Prosecute the Bankster Crime Syndicate Insiders Continue to Sell, Sell, Sell (at Seeking Alpha) PAPER: Fresh alert on global
stock markets... Retail sales fall, new jobless claims rise (Reuters) US
Home Foreclosures Set Another Record in July (7-29-09)
Insiders Selling at Alarming Levels …Although the level of insider selling is certainly
alarming it's important to note that the very low levels of buying are
particularly alarming. Insiders sell stock for many reasons, but they generally
only buy stock for one reason: they believe the stock is going up. Despite the
fact the media is reporting an end to the recession, a bottom in housing and a
trough in earnings we are seeing a vote of zero confidence from the people who
know these companies better than anyone else…
Entering
the Greatest Depression in History Andrew Gavin
Marshall | The crisis has many bubbles, all of which dwarf the
housing bubble burst of 2008. Geithner asks
Congress for higher U.S. debt limit U.S.
regulators close 3 banks, total now 72 US deficit climbs
to 1.3 trillion dollars Causes of This Depression Yet To Be Addressed Further impoverishment is on the way. More
and more will be laid off and they’ll be no new jobs available. Savings will be
exhausted and most homes that have been financed will be under water. Some banks paid bonuses bigger than income: o This Depression is
just beginning You read that right! Only $400 billion
of that fantastic 6 month “green shoots” stock market rally came from money
market accounts. The rest ($2.3 trillion) was laundered through the banks and
other financial institutions to create the appearance of recovery and to raise
equity for underwater banks rather than forcing them into receivership (which
is where they belong) Bernanke probably knew that congress wouldn’t approve
another TARP-type bailout for dodgy mortgage-backed assets, so he settled on
this shifty plan instead. The only problem is, the banks are still broke,
business investment is at historic lows, consumers are on the ropes, the unemployment
lines are swelling, the homeless shelters are bulging, the pawn shops are
bustling, tent cities are sprouting up everywhere, and according to
MarketWatch, Corporate insiders have recently been selling their companies’
shares at a greater pace than at any time since the top of the bull market in
the fall of 2007.” Face it; the economy is in the crapper and Bernanke’s
trickery hasn’t done a lick of good. The Next Wave of Collapse is Coming Sooner than you think
Back in the Great Depression of 1929 through the 1930’s, we saw
a similar Zig-zag pattern. There was a crash in 1929, followed by a nice rally,
but then the most devastating part of the market collapse followed into the
1930’s. Bob Prechter "Quite Sure" Next Wave Down
Will Be Bigger and March Lows Will Break The
Real Economy Versus the Make-Believe World of the Government and Financial
Giants In the real economy,
unemployment is at Depression-era levels.
Top firms' pension funds plummet Consumer bankruptcies jump 34%
Nine Of Ten Sectors Overbought This Depression is
just beginning Feds Hit With Biggest Tax Revenue Drop Since
1932... The Great Depression Two Continues There is no coincident data which is
demonstrating this recession is over. Some may be at the bottom, others have a
way to go… An
Artifical Recovery [$$] Why I Went Fully Into
Cash US
food stamp list tops 34 million for first time The
Banks Own the Fed, and the Central Banks Own BIS AIG
breakup nets Wall Street $1 billion bonanza: report ‘Underwater’
Mortgages to Hit 48%, Deutsche Bank Says Oil price hits $76, highest
since October...
US companies axe 371,000 jobs in July Half of U.S.
mortgages seen underwater by 2011... Recovery ‘not in sight’ says BMW Half of U.S.
mortgages seen underwater by 2011... Recovery ‘not in sight’ says BMW Recession Worse Than Prior Estimates, Revisions Show Bloomberg | The first 12 months of the U.S.
recession saw the economy shrink more than twice as much as previously
estimated, reflecting even bigger declines in consumer spending and housing,
revised figures showed.
DO YOU REALIZE HOW MANY SUCKERS’ RALLY POINTS WERE ADDED BY THE FAKE NUMBERS
CONTRIBUTING TO THIS NEW COMMISSIONING BUBBLE! REVISED: ECONOMY 2X WORSE...
The government plans big revisions to historical economic
data... Developing... Regulators shut banks in
Fla., NJ, Ohio, Okla... WASHINGTON (7-31-09) (AP) -- Regulators on Friday shut down banks in Florida, New
Jersey, Ohio, Oklahoma and Illinois, boosting to 69 the number of federally
insured banks to fail this year amid the pressures of the weak economy and
mounting loan defaults. PhD
Economist: Fed has Caused Soaring Unemployment, Millions of Foreclosures,
Millions Losing Life Savings and More than $6 Trillion in Lost Output DOLLAR DROPS TO '09 LOW...
Unemployment spreads distress in U.S. home loans Weak Treasury Auctions Raise Worries About Debt
Burden... [$$] Senate
Probes Banks for Meltdown Fraud (at The Wall Street Journal Online) Even Bernanke Admits this Could be Worse than the Great
Depression Senate probes Goldman,
Deutsche: report (Reuters)
The Real Unemployment Rate Hits a 68-Year High 2009 Looking More Like 1929 Dollar Falls to
2009 Low... U.S. Markets Decline After
Weaker Than Expected Data A REALITY CHECK ON U.S. 'ECONOMIC
RECOVERY' Jeff Nielson - U.S. equities
are rallying again today, and (as usual) it is a rally with no basis in
reality. ] AND NOTHING REAL OR
POSITIVE AT ALL (IE., STILL NO PROSECUTIONS OF THE FRAUDS ON WALL STREET SO
JUST ANOTHER BUILT-IN COST BY CHURN-AND-EARN COMMISSIONS TO, DEFACTO TAX ON
NON-PERFORMING / DECLINING ECONOMY, DURABLE GOODS DOWN/FORECLOSURES UP,
CONFIDENCE REALISTICALLY DOWN, CORRUPT COMMERCE DEPARTMENT CHIMES IN WITH FAKE
NUMBERS, USED HOME SALES UP WITH DEFAULTS/ SHORT SALES, JOB LOSSES UP, BETTER
THAN EXPECTED MANTRA, GUIDANCE THAT DEFIES REALITY BY A LONG SHOT AS IN LAST
COMMISSIONABLE BUBBLE BUST, JOB/COST CUTS TO BONE, ETC.) ( Max Keiser: Prosecute the Bankster Crime Syndicate Max
Keiser: Goldman Sachs Are “Scum,” “Financial Terrorists” Bank profits not as impressive as they seem
when you take into account TARP funding, changed accounting rules to fudge
books, new stock issues, etc… um Cost
Of Bailout Hits A Whopping $24 Trillion Dollars Entering
the Greatest Depression in History Andrew Gavin
Marshall | The crisis has many bubbles, all of which dwarf the
housing bubble burst of 2008. Geithner asks
Congress for higher U.S. debt limit U.S.
regulators close 3 banks, total now 72 US deficit climbs
to 1.3 trillion dollars Stearns Crucifies Paulson On Bailout Bait And Switch
Fiscal ruin of the Western world beckons Foreign Embassies Urged to Stockpile Local Currencies
Bailout
Overseer Says Banks Misused TARP Funds Regulators shut banks in Calif., Ga. and SD ) TO KEEP
SUCKERS SUCKERED [ (7-29-09) Insiders Selling at Alarming
Levels Insiders Exit Shares at the
Fastest Pace in Two Years Bob Prechter "Quite Sure" Next Wave Down
Will Be Bigger and March Lows Will Break ] AND COMMISSION
DOLLARS FLOWING [Tarp banks award billions in bonuses... Goldman Sachs on pace for record bonuses: report
(Reuters) Cody Willard: Goldman Sachs Is A Ponzi Scheme, Should
Be Punished Accordingly Max Keiser: Prosecute the Bankster Crime Syndicate Corporate
Media Spotlights Distortion of Market by High Frequency Trading [$$] Big Pay
Packages Return to Wall Street as new fraud gains steam (at The Wall Street
Journal Online) Max Keiser: Goldman Sachs
gang are ’scum’ who have co-opted U.S. gov’t Max
Keiser: Goldman Sachs Are “Scum,” “Financial Terrorists” Max Keiser goes on the offensive during an
appearance on France 24 as he slams Goldman Sachs as “scum” and “financial
terrorists” who should be thrown in jail.
‘Printing
money will lead to serious problems down the road,’ says Jim Rogers Spitzer: Federal Reserve is ‘a
Ponzi scheme, an inside job’ 2009 Looking More
Like 1929 AIG
breakup nets Wall Street $1 billion bonanza: report ] BASED ON
CONTINUED BAD NEWS ( ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF
RECOVERY... Scams
And Bailouts The Cause of World Depression Insiders Continue to Sell, Sell, Sell (at Seeking Alpha
8/13/09) PAPER: Fresh alert on global
stock markets... Retail sales fall, new jobless claims rise (Reuters) US
Home Foreclosures Set Another Record in July (7-29-09) Insiders Selling at Alarming
Levels Entering
the Greatest Depression in History Andrew Gavin
Marshall | The crisis has many bubbles, all of which dwarf the
housing bubble burst of 2008. The
Market's Horoscope: Downside Correction Geithner asks
Congress for higher U.S. debt limit U.S.
regulators close 3 banks, total now 72 US deficit climbs
to 1.3 trillion dollars Causes of Depression Yet To Be Addressed Further impoverishment is on the way. More
and more will be laid off and they’ll be no new jobs available. Savings will be
exhausted and most homes that have been financed will be under water. Some banks paid bonuses bigger than income: o This Depression is
just beginning You read that right! Only $400 billion
of that fantastic 6 month “green shoots” stock market rally came from money
market accounts. The rest ($2.3 trillion) was laundered through the banks and
other financial institutions to create the appearance of recovery and to raise
equity for underwater banks rather than forcing them into receivership (which
is where they belong) Bernanke probably knew that congress wouldn’t approve another
TARP-type bailout for dodgy mortgage-backed assets, so he settled on this
shifty plan instead. The only problem is, the banks are still broke, business
investment is at historic lows, consumers are on the ropes, the unemployment
lines are swelling, the homeless shelters are bulging, the pawn shops are
bustling, tent cities are sprouting up everywhere, and according to
MarketWatch, Corporate insiders have recently been selling their companies’
shares at a greater pace than at any time since the top of the bull market in
the fall of 2007.” Face it; the economy is in the crapper and Bernanke’s
trickery hasn’t done a lick of good. The Next Wave of Collapse is Coming Sooner than you think
Back in the Great Depression of 1929 through the 1930’s, we saw
a similar Zig-zag pattern. There was a crash in 1929, followed by a nice rally,
but then the most devastating part of the market collapse followed into the
1930’s. Feds Hit With Biggest Tax Revenue Drop Since
1932... The Great Depression Two Continues There is no coincident data which is
demonstrating this recession is over. Some may be at the bottom, others have a
way to go… An
Artifical Recovery [$$] Why I Went Fully Into
Cash Bob Prechter "Quite Sure"
Next Wave Down Will Be Bigger and March Lows Will Break The
Real Economy Versus the Make-Believe World of the Government and Financial
Giants In the real economy, unemployment is at
Depression-era levels. US companies
axe 371,000 jobs in July Half of U.S. mortgages seen underwater by 2011...
Recovery ‘not in sight’ says BMW Top firms' pension funds plummet Consumer bankruptcies jump 34%
Nine Of Ten Sectors Overbought This Depression is
just beginning US
food stamp list tops 34 million for first time The
Banks Own the Fed, and the Central Banks Own BIS AIG
breakup nets Wall Street $1 billion bonanza: report ‘Underwater’
Mortgages to Hit 48%, Deutsche Bank Says Oil price hits $76, highest
since October...
US companies axe 371,000 jobs in July Half of U.S.
mortgages seen underwater by 2011... Recovery ‘not in sight’ says BMW Unemployment spreads distress in U.S. home loans Cities in the U.S. Sun Belt states of
California, Florida, Nevada and Arizona dominated the record foreclosure spree
in the first half of the year, but distress in other regions emerged as
joblessness spread, RealtyTrac said on Thursday. Recession
Worse Than Prior Estimates, Revisions Show Bloomberg | The
first 12 months of the U.S. recession saw the economy shrink more than twice as
much as previously estimated, reflecting even bigger declines in consumer
spending and housing, revised figures showed. Do you realize how many suckers’
rally points were added by the fake numbers contributing to this new
commissioning bubble! REVISED: ECONOMY 2X WORSE...
The government plans big revisions to historical economic
data... Developing... Regulators shut banks in
Fla., NJ, Ohio, Okla... WASHINGTON (AP) -- Regulators on Friday shut down banks in Florida, New
Jersey, Ohio, Oklahoma and Illinois, boosting to 69 the number of federally
insured banks to fail this year amid the pressures of the weak economy and
mounting loan defaults. PhD
Economist: Fed has Caused Soaring Unemployment, Millions of Foreclosures,
Millions Losing Life Savings and More than $6 Trillion in Lost Output DOLLAR DROPS TO '09 LOW... 75%
Favor Auditing The Fed Tarp banks
award billions in bonuses... The Real Unemployment Rate Hits a 68-Year High 2009 Looking More Like 1929 Dollar Falls to
2009 Low... Six Georgia banks
fail, bringing year tally to 64.... Rally may cool on earnings reality check Dollar Falls to Near 2009 Low as Economy Pares Refuge
Demand Ben
Bernanke Was Wrong Wall
Street’s Love Affair with Ben Bernanke Mike Whitney | bernanke knows that the country is in a Depression
Scams
And Bailouts The Cause of World Depression New US weekly jobless claims jump Its Official: U.S. Trapped in an Extended Depressionary
Cycle MICROSOFT Profit Drops 29% as
PC Slowdown Weighs on Revenue… they haven’t availed themselves of the fake
assets/books legislation recently passed... AMAZON.COM Profit
Drops 10%... Bernanke:
“I Don’t Know” Which Foreign Banks Were Given Half a Trillion Paul Joseph Watson Grayson grills Fed chairman on destination of credit
swaps. Fed:
unemployment will top 10 percent this year... Foreclosures (those increased home
sales that has been fueling suckers’ rally)
rise 15 percent in first half of 2009 (7-17) Three more banks
fail, bringing 2009 tally to more than double all of 2008 at a total thus far
of 57 Lower Markets on the Horizon Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly The Ultimate Insider Trading Scheme Max Keiser: Goldman Sachs
gang are ’scum’ who have co-opted U.S. gov’t Cost
Of Bailout Hits A Whopping $24 Trillion Dollars Stearns Crucifies Paulson On Bailout Bait And Switch
Fiscal ruin of the Western world beckons Foreign Embassies Urged to Stockpile Local Currencies
Bailout
Overseer Says Banks Misused TARP Funds TARP watchdog says Treasury lacking bank data Goldman Sachs
caused the problems in the first
place… Who can deny that? Budget deficit tops $1 trillion for first time
(AP) CIT Watch: Analysts Says Debt Load Isn't the
Only Problem Geithner Refuses to Rule Out
Continuing Using American Taxpayer as Piggy Bank for Derivatives Losses
WHITE
HOUSE ECON ADVISER CLAIMS SUCCESS: FEWER PEOPLE SEARCHING 'ECONOMIC DEPRESSION'
ON GOOGLE BECAUSE EXPERIENCING IT FIRST-HAND THEY ALREADY KNOW WHAT ECONOMIC
DEPRESSION IS... What
Economy? There’s Nothing Left to Recover There is no economy left to recover. The US manufacturing economy
was lost to offshoring and free trade ideology. It was replaced by a mythical
“New Economy “ ; less bad, not as bad as expected…riiiiight!, tarp money
for the commission frauds on wall street in new manufactured bubble as
actual/real manufacturing down again; consumer confidence down,
commercial loans begin default phase of downturn, 6.9 million continuing
unemployment claims for new record; retail sales down sharply A REALITY CHECK ON U.S. 'ECONOMIC
RECOVERY' Jeff Nielson - U.S. equities
are rallying again today, and (as usual) it is a rally with no basis in
reality. Economist:
FDIC gearing up for bank closures Goldman Sachs Admits Its Software Can “Manipulate Markets
in Unfair Ways and fraudulently generate commissions /trade volume” Max Keiser: Goldman Sachs gang
are ’scum’ who have co-opted U.S. gov’t You Tube | Goldman Sachs are scum– that’s the bottom line.
They have co-opted the government, the Treasury Department and the Federal
Reserve’s functionality. They’ve co-opted the Obama administration & Barack
Obama dances to Goldman Sachs’ tune. True unemployment rate already at 20% This Depression
Will Last For Years Wyoming sees
first bank failure since 1991 China
criticizes dollar AIG Preparing to Pay New Round
of Bonuses... While Talking About Keynesian Stimulus, Feds Are Really
Just Giving Money to the Big Frauds
FDIC
Insurance Fund: It Doesn’t Actually Exist Replacing the dollar as reserve currency US loses 467,000 jobs, unemployment at 9.5% 'We're in the Middle of a Crash': Black Swan... Economic
Expectations – Unemployment Rate Will Reach 15% David Tice: We are going into a depression-15%
unemployment or more on horizon. U.S. consumers fall behind on loans at
record pace FBI: Mortgage
fraud 'rampant' and growing... Celente and Schiff
Predict Food Panic This Year. Watch clips HERE. Fema Camps Built. Wall Street hits 10-week low amid talk of new
stimulus (7-2)Seven more banks fail,
bringing 2009 tally to more than double all of 2008 at a total thus far of 52;
Private sector sheds another 473,000 jobs in June... US lurching towards ‘debt
explosion’ with long-term interest rates on course to double Jim Rogers Sells Dollars, Plans
to Short Treasuries ‘Sucker’s Rally Beginning To Unwind’ daaaah…? Calls grow to supplant dollar as global currency China officials
call for displacing dollar, in time Tracking Two
Depressions, 1929 and now this Mortgage applications fall to 7-month low... Private
sector sheds another 473,000 jobs in June... 'Layoffs may be worsening'... AIG shares drop
after 1-for-20 reverse-stock split (AP) Manhattan
apartment prices skid 13 to 19 percent Job
losses / job concerns realistically weigh on confidence, real estate
values/prices continue downward trend as per Case / Shiller Index (-18.1%, -21%
in california) Consumer
confidence suffers steep fall... Home prices post 18% annual
drop... Worldwide Depression: Review of Global Markets . Four banks
fail, bringing 2009 tally to 19 more than all of 2008 at a total thus far of 44 Dollar Falls Most in Month as China Urges New Reserve
Currency Gerald Celente speaks on Cap and Trade and other handicaps
to the US economy HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH
CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT ONE
PROSECUTION IN THE MOST RECENT MASSIVE
SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS
WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK
MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T),
CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH
THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD
IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE,
RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED
SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS
ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC!
… THAT MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS,
… NOT OUT OF THIN AIR! ] TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP
SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
A REALITY CHECK ON U.S. 'ECONOMIC
RECOVERY' Jeff Nielson - U.S. equities
are rallying again today, and (as usual) it is a rally with no basis in
reality. , personal
income up modest .2% and spending down, China calls for new reserve currency to
supplant worthless dollar Dollar
And Stocks Drop As China Calls For New Global Currency , continuing
unemployment claims at or near record 627,000, weekly unemployment claims up
15,000, and GDP contraction –5.5%, all worse than expected (lennar wider than
expected quarterly loss rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing words/b.s. from fed which
previously predicted no recession that economy still contracting but that the
contraction is somewhat slowing…what b**l s**t!…, analysts- buffet/economy in
shambles, Hogan/negative GDP growth and inflation owing to debasement of the
dollar as well as deficit spending/pump-priming in the trillions, joker
stein/economy a mess and continued job losses, new home sales down .6%; U.S. Home Prices Drop 6.8
Percent in April as Foreclosures Rise foreclosure sales
up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their
40th bank of the year , Next
Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9%
and big difference between not getting worse and getting better, market got
ahead of itself, stalled out, still depression/more job losses, higher oil-gas
prices / higher interest rates / heavy debt to pare down is 1-3 year drag on
economy, even if believed (I don’t) the labor dept. far better than expected
job numbers by increased debt (spending) to produce same is not economically
sound or sustainable, viz., record spending with record low revenues, rating cuts
for bank sector, analysts concur in significant 5-15% (reality says 15-25%)
pullback/correction for stocks , institutional selling, industrial production/construction down
1.1%, housing starts allegedly up but if believed will only increase the
plethora of unsold inventories, empire manufacturing index suffers unexpectedly
severe decline…daaaah!, credit dard defaults at record high, analysts concur
that fundamentals don’t support stock rally and that pac money(defacto bribes)
might derail any meaningful reform/regulation which is of concern to the frauds
on wall street who should be prosecuted, record loss of wealth, higher gas
prices, job losses, higher interest rates / yields, higher commodity prices,
higher deficits, hyperinflation, record continuing unemployment claims at 6.8
million, worthless Weimar dollar crashing,
money supply exploding with hyperinflation/higher interest rates coming,
budget deficit at new highs and trade deficit worse than expected, analyst who
called crash says inflationary depression, banks passed stress tests only with
the help of fraudulent change in accounting rules, banks still insolvent, toxic
assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end
of year, Obama/bernanke continuing failed policies of bush greenspan,
recommends getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not
Over” 6/9/2009 A REALITY CHECK ON U.S.
'ECONOMIC RECOVERY' Jeff Nielson - U.S.
equities are rallying again today, and (as usual) it is a rally with no basis
in reality. Markets See a Breakdown in
Technical Support Levels Roubini: USA sees
double-dip recession... Jobless claims rise; GDP dips in 1Q Bernanke faces GOP-led (who are they
kidding-bushies/paulsen went so far as threaten martial law- prosecute now!
They continue to allow the wall street fraud and political theater doesn’t
change their complicity) heat on BofA-Merrill deal Fed Tried to Cover-up Its
Involvement in Bank of America-Merrill Deal U.S. Economy: Jobless Claims
Rise in Sign Labor Market Stagnant Dollar
drops on reserve currency doubts China sells US
bonds to ’show concern’ BRICs May Buy
Each Other’s Bonds in Shift From Dollar China’s holding of US bonds
drops first time in 11 months Russia to Raise Reserve
Currency Issue at BRIC International
Demand for Worthless U.S. Assets Slowed in April IMF says worst not over Senator cashed out during big
stock collapse -- after meeting with Fed, Treasury chiefs! America's AAA
downgrade danger...
Treasury
faces pressure on price of TARP exit A depression so deep even
teen shoppers scrimp US cities may have to be bulldozed in order to survive 1st quarter
wiped out $1.3 trillion for Americans Get Ready for Inflation and
Higher Interest Rates Oil prices near $73 as
energy rally continues Fed Would Be Shut Down If It
Were Audited Fed says
economy weak, but sees signs the slide increasing Mounting
deficits spark jitters about U.S. economy Wall Street falls as
realities dent recovery hopes
Bonds fall on
worries about government's debt load (AP) Oil prices
strike new high for 2009 (AP) The depression quietly deepens
CHINA
AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes,
We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake government job loss report near 40%
better than private forecasts…I don’t think so!…9.4% unemployment rate…try well
over 10% and with stopped looking included over 20% , Jim
Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now China explores
buying $50bn in IMF bonds US retailers
report May sales declines Tiny
Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector
job losses/factory orders worse than expected, new record continuing
unemployment claims, bernanke spend more money you don’t have but cut
debilitating deficit…riiiiight…sounds like a plan with more job losses to come,
etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As
the Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD
$63.8 TRILLION... The Big Collapse
Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record
decline in real estate prices, $80+ oil
coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
, world economy to shrink by worse than
previously predicted 2.9% and big difference between not getting worse and
getting better, leading
indicators up far more than expected … bull s**t …based in large part on
inflated stock price component … more bull s**t … new
reform with same old frauds say increased capital requirements and oversight of
the overseers/rating agencies (riiiiight!…same old,same old - already have but
no will to enforce existing laws, etc.), analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets Insiders Exit Shares at the
Fastest Pace in Two Years BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... The Next Bubble Is Here. Have You Bought In? Here
we go again! Barney Frank asks FANNIE and FREDDIE to relax Mortgage lending
rules... Fed Tried to Cover-up Its Involvement in Bank of America-Merrill
Deal Dollar
And Stocks Drop As China Calls For New Global Currency Citigroup
Ordered to Suspend Some Operations in Japan Bernanke
Grilling May Weaken Case for Fed as Risk Regulator Citi boosting salaries to offset lower bonuses,
allegedly to retain the clowns who helped make them taxpayer dependant and
cause the current debacle; how ‘bout firing them instead and offering
opportunity to the new, particularly non-ivy league vegetable garden grads [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. Home Prices Drop 6.8 Percent
in April as Foreclosures Rise [$$] Red Roof Inn Defaults on Mortgage Debt (at The
Wall Street Journal Online)
MySpace to cut two-thirds of global
workforce GM to cut 4,000 more white-collar jobs
by year end Oracle tops forecasts despite sales,
profit dip; stated another way, bad news will be shilled as good news (AP) California
Collapsing Bankster “Holiday” Planned for
September? Recession Sparking Global Unrest
Is Your Portfolio Ready for the Next
Leg Down? S&P turns negative for year in
broad sell-off (Reuters) Goldman Sachs on pace for record bonuses: report
(Reuters) Numbers On Welfare See Sharp
Increase Top Insiders Playing You For A
Sucker? The death of the dollar. Who
could deny it? Stanford indicted in
massive U.S. fraud case which is small potatoes compared to ubiquitously
massive wall street securities fraud which caused the ongoing financial debacle Venture
Capital Bubble Set to Burst, Kedrosky Says Obama Plans to Cut Bank
Regulators, Allow Fed to Supervise Financial Holding Companies – The old fox
guarding the henhouse tricks Federal Reserve unwisely to
gain power under plan Federal Reserve Foolishly
To
Be Given Sweeping New Powers Yen Strengthens Most in Month
as Asian Stocks Drop, Gold Gains RUSSIA
CHALLENGES WORTHLESS DOLLAR... AIG says former
top exec plundered retirement plan [video] The Too-Big-to-Fail
Problem [6.8 min] (at MarketWatch) [$$] Too Big to
Solve? (at The Wall Street Journal Online) Buy and Hold Is
Dead. Long Live Buy and Hold! Financial Bailout Plan Keeps
Zombie Banks Alive Bernanke then as now in denial
about looming crisis 2005-2007 Retail sales,
drop in jobless claims to a very high even if believed 601,000 yielding record
continuing claims of 6.8 million fuel hope…if you’re a dope Lawmakers
blast Fed, Treasury for BofA "threats" Oil climbs over $73 on
hopes for rising demand U.S. Household
Worth Fell by $1.3 Trillion in First Quarter Predictions of $250
a barrel on oil ECB Fears Reality
of Banking Crisis in 2010: Report Get Ready for Inflation and
Higher Interest Rates Bill To Audit Federal Reserve
Now Has 209 Co-Sponsors Russia May Swap Some U.S.
Treasuries for IMF Debt Fed report shows losses on Bear Stearns, AIG holdings Congress subpoenas the Fed ... Finally!
(AP) Brazil in recession, recovery unlikely this year What a “Jobless Recovery”
Really Means: A Massive Redistribution of Wealth from the Little Guy to the Big
Boys Obama
Tells American Businesses to Drop Dead America’s Fed Addiction “87
Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are Unsafe” Fed Said to
Retreat From Seeking Power to Sell Its Own Debt/Bills WIRE:
Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory
Loss
Obama’s economic model versus
reality Reality
bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government
reports better than private estimates…riiiiight! President
of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now Benefit spending
soars to new high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC:
OIL COULD REACH $90... ----- Existing home
foreclosure sales up, and no profit discount car sales better than
expected Diluting like crazy through new stock
bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
(8-21-09)
Dow
9,505 +155 To stamp out fraud, no change from suckers’ rally worth
reporting for second, third, fourth weeks of March and April -436 for the first week of March -12% for the month of February -8.8% (-775) for the
month of January -1% for fourth week of
January -2.5% for third week of January -4% for second week of January -5% for first full week of
January -34% for the year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 2020 +31 To stamp out fraud, no change from
suckers’ rally worth reporting for second, third, fourth weeks of March and April -84 for
the first week of March -7% for the month of
February -6.4% (-101) for the month of
January -1% for fourth week of January
-3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P
500 1,026 +18 To stamp out fraud, no change from
suckers’ rally worth reporting for second,
third, fourth weeks
of March and
April -52 for the first week of March -11%
for the month of February -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $73.89
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.74 (reg. gas in LAND
OF FRUITS AND NUTS $3.05 REG./ $3.16
MID-GRADE/ $3.25 PREM./ $2.95 DIESEL)/
GOLD $954 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $14.22
PLATINUM $1,258 / DOLLAR= .69 EURO, 93 YEN, .59 POUND STERLING, ETC. (How low
can you go - LOWER)/ 10 YR NOTE YIELD 3.56% …..… AP Business Highlights … ...Yahoo Market Update... ]
YAHOO - BRIEFING.COM Weekly Recap
Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Must Read Economic/Financial
Data This Depression is
just beginning The Next Wave of Collapse is Coming Sooner than you think
ABSOLUTELY,
ABSURDLY, RIDICULOUS! GREAT OPPORTUNITY TO SELL / TAKE PROFITS WHILE YOU CAN IN
THIS UNIQUELY PREPOSTEROUS AND FRAUDULENT ENVIRONMENT WITH SUCKERS’ RALLY BASED
ON INCREASED FORECLOSURE SALES AND BERNANKE (HE HOPES HE STILL HAS A JOB) BULL
S**T (REMEMBER HIS NO RECESSION TALKS, MANY OF THEM, TO FROTH THE MARKET THEN
AS NOW AND HOW MANY SUCKERS’ POINTS TO THE UPSIDE – WHAT TOTAL BULL S**T, WHAT
FRAUDS!) AND CONTINUED BAD NEWS [ INSIDERS ARE DUMPING STOCK INSIDERS CONTINUE TO SELL, SELL, SELL (AT
SEEKING ALPHA 8/13/09) PAPER: FRESH ALERT ON GLOBAL
STOCK MARKETS... AP sources: $2 trillion higher deficit projected (AP) Failed banks mount; Ga, Ala, and large Texas banks shut Learn
to Love the Depression US jobless claims in surprise jump for second week WHY DO EQUITY MARKETS DISAGREE WITH
THE DATA? CALPERS IS UNSUSTAINABLE What rebound? Foreclosures
rise... Grab Your Shorts, The Correction Has Begun THE
SECOND WAVE OF THE DEPRESSION: HYPERINFLATION IS LIKELY THE FDIC IS BROKE. NOW WHAT? (PART II) DOLLAR TO DECLINE AMID
CONCERN AS IT 'LOSES RESERVE STATUS'... JOBLESS
SPIKE COMPOUNDS FORECLOSURE CRISIS STOCKS
SLIDE ON ECONOMY CONCERN WORLD STOCKS, OIL TUMBLE ON U.S. FRAUD EXPOSURE AND CONSUMER
WORRIES Connecticut
Not Learning the Right Lessons from California Weekly Market Outlook: Commercial Real Estate Continues to
Deteriorate Retail sales fall, new jobless claims rise
(Reuters) US
Home Foreclosures Set Another Record in July Colonial BancGroup shut down by
federal officials (largest bank failure this year) (AP) Economist:
Claim that Economy Has Recovered “Is Like Somebody Borrowing Money from Their
Uncle and Then Celebrating that Their Income Has Gone Up” ]
PERSONAL & BUSINESS BANKRUPTCIES UP, WORTHLESS WEIMAR DOLLAR DOWN,
FORECLOSURES UP (32% YOY AND 7% MOM AT NEW RECORD, 50% HOMES UNDERWATER,
COMMERCIAL TO FOLLOW), CONFIDENCE REALISTICALLY DOWN, $100+ OIL AROUND CORNER
(2010-HOGAN); CELENTE-DEPRESSION NOW UNDERWAY
Bob Prechter Quite Sure Next Wave Down Will Be Bigger
and March Lows Will Break Gerald Celente 2.5 Million Jobs Lost Since Obama’s
Presidency PAPER: Fresh alert on global
stock markets...
TO KEEP SUCKERS SUCKERED [ Insiders Continue to Sell, Sell, Sell (at Seeking Alpha –
8/13/09) (7-29-09) Insiders Selling at Alarming
Levels Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [Tarp banks award billions in bonuses... Goldman Sachs on pace for record bonuses: report
(Reuters) Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly Max Keiser: Prosecute the Bankster Crime Syndicate The Market's Horoscope:
Downside Correction ! [ Entering
the Greatest Depression in History Andrew Gavin
Marshall | The crisis has many bubbles, all of which dwarf the
housing bubble burst of 2008. Geithner asks
Congress for higher U.S. debt limit U.S.
regulators close 3 banks, total now 72 US deficit
climbs to 1.3 trillion dollars This Depression is
just beginning The Next Wave of Collapse is Coming Sooner than you think
Back in the Great Depression of 1929 through the 1930’s, we saw
a similar Zig-zag pattern. There was a crash in 1929, followed by a nice rally,
but then the most devastating part of the market collapse followed into the
1930’s. Feds Hit With Biggest Tax Revenue Drop Since
1932... The Great Depression Two Continues There is no coincident data which is
demonstrating this recession is over. Some may be at the bottom, others have a
way to go… An Artifical
Recovery [$$] Why I Went Fully Into
Cash Bob Prechter "Quite Sure" Next Wave Down
Will Be Bigger and March Lows Will Break A REALITY CHECK ON U.S. 'ECONOMIC
RECOVERY' Jeff Nielson - U.S. equities
are rallying again today, and (as usual) it is a rally with no basis in
reality. Most of the enthusiasm comes from another
string of corporate quarterly results which “beat expectations”. I had hoped
that the sheep were starting to clue-in to this silly game, however it appears
there is a still a large pack of Pavlov's Dogs out there – who respond to their
propaganda cues without a moment of actual thought. The truth is that all of
the companies “beating expectations” are still reporting steadily worse results
year-over-year – and in many cases, much worse results. Among the few
exceptions are U.S. financial corporations. However, since accounting-fraud was
legalized in the United States (see “FASB strong-armed into mark-to-fantasy accounting”),
their bottom-lines have had absolutely no connection to their business
operations… The
Real Economy Versus the Make-Believe World of the Government and Financial
Giants In the real economy, unemployment is at
Depression-era levels. Top firms' pension funds plummet Consumer bankruptcies jump 34%
Nine Of Ten Sectors Overbought This Depression is
just beginning US companies
axe 371,000 jobs in July Half of U.S.
mortgages seen underwater by 2011... Recovery ‘not in sight’ says BMW ] CONTINUED
FRAUD WITH PROGRAMMED SUCKERS’ RALLY DESPITE NEW RECORD FOR CONTINUING
UNEMPLOYMENT CLAIMS AT 6.3 MILLION AND AS I WARNED, WATCH FOR FAKE REPORTS IN
DESPERATION – AND LABOR DEPT. CAME THROUGH WITH FAKE REPORT AND NEW LIE BASED
UPON PEOPLE STOPPED LOOKING FOR JOBS SO THEIR RATE 9.4 BUT OBAMA SAYS 10% -
REALITY IS UNEMPLOYMENT RATE IS WELL OVER 10%, THEN AIG SOARS ON “PROFIT” WITH
$87 BILLION IN TAXPAYER FUNDS TO PLAY WITH
[ Max Keiser: Prosecute the Bankster Crime Syndicate Insiders Continue to Sell, Sell, Sell (at Seeking Alpha) PAPER: Fresh alert on global
stock markets... Retail sales fall, new jobless claims rise (Reuters) US
Home Foreclosures Set Another Record in July (7-29-09)
Insiders Selling at Alarming Levels …Although the level of insider selling is certainly
alarming it's important to note that the very low levels of buying are
particularly alarming. Insiders sell stock for many reasons, but they generally
only buy stock for one reason: they believe the stock is going up. Despite the
fact the media is reporting an end to the recession, a bottom in housing and a
trough in earnings we are seeing a vote of zero confidence from the people who
know these companies better than anyone else…
Entering
the Greatest Depression in History Andrew Gavin
Marshall | The crisis has many bubbles, all of which dwarf the
housing bubble burst of 2008. Geithner asks
Congress for higher U.S. debt limit U.S.
regulators close 3 banks, total now 72 US deficit climbs
to 1.3 trillion dollars Causes of This Depression Yet To Be Addressed Further impoverishment is on the way. More
and more will be laid off and they’ll be no new jobs available. Savings will be
exhausted and most homes that have been financed will be under water. Some banks paid bonuses bigger than income: o This Depression is
just beginning You read that right! Only $400 billion
of that fantastic 6 month “green shoots” stock market rally came from money market
accounts. The rest ($2.3 trillion) was laundered through the banks and other
financial institutions to create the appearance of recovery and to raise equity
for underwater banks rather than forcing them into receivership (which is where
they belong) Bernanke probably knew that congress wouldn’t approve another
TARP-type bailout for dodgy mortgage-backed assets, so he settled on this
shifty plan instead. The only problem is, the banks are still broke, business
investment is at historic lows, consumers are on the ropes, the unemployment
lines are swelling, the homeless shelters are bulging, the pawn shops are
bustling, tent cities are sprouting up everywhere, and according to
MarketWatch, Corporate insiders have recently been selling their companies’ shares
at a greater pace than at any time since the top of the bull market in the fall
of 2007.” Face it; the economy is in the crapper and Bernanke’s trickery hasn’t
done a lick of good. The Next Wave of Collapse is Coming Sooner than you think
Back in the Great Depression of 1929 through the 1930’s, we saw
a similar Zig-zag pattern. There was a crash in 1929, followed by a nice rally,
but then the most devastating part of the market collapse followed into the
1930’s. Bob Prechter "Quite Sure" Next Wave Down
Will Be Bigger and March Lows Will Break The
Real Economy Versus the Make-Believe World of the Government and Financial
Giants In the real economy,
unemployment is at Depression-era levels.
Top firms' pension funds plummet Consumer bankruptcies jump 34%
Nine Of Ten Sectors Overbought This Depression is
just beginning Feds Hit With Biggest Tax Revenue Drop Since
1932... The Great Depression Two Continues There is no coincident data which is
demonstrating this recession is over. Some may be at the bottom, others have a
way to go… An
Artifical Recovery [$$] Why I Went Fully Into
Cash US
food stamp list tops 34 million for first time The
Banks Own the Fed, and the Central Banks Own BIS AIG
breakup nets Wall Street $1 billion bonanza: report ‘Underwater’
Mortgages to Hit 48%, Deutsche Bank Says Oil price hits $76, highest
since October...
US companies axe 371,000 jobs in July Half of U.S.
mortgages seen underwater by 2011... Recovery ‘not in sight’ says BMW Half of U.S.
mortgages seen underwater by 2011... Recovery ‘not in sight’ says BMW Recession Worse Than Prior Estimates, Revisions Show Bloomberg | The first 12 months of the U.S.
recession saw the economy shrink more than twice as much as previously
estimated, reflecting even bigger declines in consumer spending and housing,
revised figures showed.
DO YOU REALIZE HOW MANY SUCKERS’ RALLY POINTS WERE ADDED BY THE FAKE NUMBERS
CONTRIBUTING TO THIS NEW COMMISSIONING BUBBLE! REVISED: ECONOMY 2X WORSE...
The government plans big revisions to historical economic
data... Developing... Regulators shut banks in
Fla., NJ, Ohio, Okla... WASHINGTON (7-31-09) (AP) -- Regulators on Friday shut down banks in Florida, New
Jersey, Ohio, Oklahoma and Illinois, boosting to 69 the number of federally
insured banks to fail this year amid the pressures of the weak economy and
mounting loan defaults. PhD
Economist: Fed has Caused Soaring Unemployment, Millions of Foreclosures,
Millions Losing Life Savings and More than $6 Trillion in Lost Output DOLLAR DROPS TO '09 LOW...
Unemployment spreads distress in U.S. home loans Weak Treasury Auctions Raise Worries About Debt
Burden... [$$] Senate
Probes Banks for Meltdown Fraud (at The Wall Street Journal Online) Even Bernanke Admits this Could be Worse than the Great
Depression Senate probes Goldman,
Deutsche: report (Reuters)
The Real Unemployment Rate Hits a 68-Year High 2009 Looking More Like 1929 Dollar Falls to
2009 Low... U.S. Markets Decline After
Weaker Than Expected Data A REALITY CHECK ON U.S.
'ECONOMIC RECOVERY' Jeff Nielson - U.S.
equities are rallying again today, and (as usual) it is a rally with no basis
in reality. ] AND NOTHING REAL OR
POSITIVE AT ALL (IE., STILL NO PROSECUTIONS OF THE FRAUDS ON WALL STREET SO
JUST ANOTHER BUILT-IN COST BY CHURN-AND-EARN COMMISSIONS TO, DEFACTO TAX ON
NON-PERFORMING / DECLINING ECONOMY, DURABLE GOODS DOWN/FORECLOSURES UP,
CONFIDENCE REALISTICALLY DOWN, CORRUPT COMMERCE DEPARTMENT CHIMES IN WITH FAKE
NUMBERS, USED HOME SALES UP WITH DEFAULTS/ SHORT SALES, JOB LOSSES UP, BETTER
THAN EXPECTED MANTRA, GUIDANCE THAT DEFIES REALITY BY A LONG SHOT AS IN LAST
COMMISSIONABLE BUBBLE BUST, JOB/COST CUTS TO BONE, ETC.) ( Max Keiser: Prosecute the Bankster Crime Syndicate Max
Keiser: Goldman Sachs Are “Scum,” “Financial Terrorists” Bank profits not as impressive as they seem
when you take into account TARP funding, changed accounting rules to fudge
books, new stock issues, etc… um Cost
Of Bailout Hits A Whopping $24 Trillion Dollars Entering
the Greatest Depression in History Andrew Gavin
Marshall | The crisis has many bubbles, all of which dwarf the
housing bubble burst of 2008. Geithner asks
Congress for higher U.S. debt limit U.S.
regulators close 3 banks, total now 72 US deficit climbs
to 1.3 trillion dollars Stearns Crucifies Paulson On Bailout Bait And Switch
Fiscal ruin of the Western world beckons Foreign Embassies Urged to Stockpile Local Currencies
Bailout
Overseer Says Banks Misused TARP Funds Regulators shut banks in Calif., Ga. and SD ) TO KEEP
SUCKERS SUCKERED [ (7-29-09) Insiders Selling at Alarming
Levels Insiders Exit Shares at the
Fastest Pace in Two Years Bob Prechter "Quite Sure" Next Wave Down
Will Be Bigger and March Lows Will Break ] AND COMMISSION
DOLLARS FLOWING [Tarp banks award billions in bonuses... Goldman Sachs on pace for record bonuses: report
(Reuters) Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly Max Keiser: Prosecute the Bankster Crime Syndicate Corporate
Media Spotlights Distortion of Market by High Frequency Trading [$$] Big Pay
Packages Return to Wall Street as new fraud gains steam (at The Wall Street Journal
Online) Max Keiser: Goldman Sachs
gang are ’scum’ who have co-opted U.S. gov’t Max
Keiser: Goldman Sachs Are “Scum,” “Financial Terrorists” Max Keiser goes on the offensive during an
appearance on France 24 as he slams Goldman Sachs as “scum” and “financial
terrorists” who should be thrown in jail.
‘Printing
money will lead to serious problems down the road,’ says Jim Rogers Spitzer: Federal Reserve is ‘a
Ponzi scheme, an inside job’ 2009 Looking More
Like 1929 AIG
breakup nets Wall Street $1 billion bonanza: report ] BASED ON
CONTINUED BAD NEWS ( ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF
RECOVERY... Scams
And Bailouts The Cause of World Depression Insiders Continue to Sell, Sell, Sell (at Seeking Alpha
8/13/09) PAPER: Fresh alert on global
stock markets... Retail sales fall, new jobless claims rise (Reuters) US
Home Foreclosures Set Another Record in July (7-29-09) Insiders Selling at Alarming
Levels Entering
the Greatest Depression in History Andrew Gavin
Marshall | The crisis has many bubbles, all of which dwarf the
housing bubble burst of 2008. The
Market's Horoscope: Downside Correction Geithner asks
Congress for higher U.S. debt limit U.S.
regulators close 3 banks, total now 72 US deficit climbs
to 1.3 trillion dollars Causes of Depression Yet To Be Addressed Further impoverishment is on the way. More
and more will be laid off and they’ll be no new jobs available. Savings will be
exhausted and most homes that have been financed will be under water. Some banks paid bonuses bigger than income: o This Depression is
just beginning You read that right! Only $400 billion
of that fantastic 6 month “green shoots” stock market rally came from money
market accounts. The rest ($2.3 trillion) was laundered through the banks and
other financial institutions to create the appearance of recovery and to raise
equity for underwater banks rather than forcing them into receivership (which
is where they belong) Bernanke probably knew that congress wouldn’t approve
another TARP-type bailout for dodgy mortgage-backed assets, so he settled on
this shifty plan instead. The only problem is, the banks are still broke,
business investment is at historic lows, consumers are on the ropes, the
unemployment lines are swelling, the homeless shelters are bulging, the pawn
shops are bustling, tent cities are sprouting up everywhere, and according to
MarketWatch, Corporate insiders have recently been selling their companies’
shares at a greater pace than at any time since the top of the bull market in
the fall of 2007.” Face it; the economy is in the crapper and Bernanke’s
trickery hasn’t done a lick of good. The Next Wave of Collapse is Coming Sooner than you think
Back in the Great Depression of 1929 through the 1930’s, we saw
a similar Zig-zag pattern. There was a crash in 1929, followed by a nice rally,
but then the most devastating part of the market collapse followed into the
1930’s. Feds Hit With Biggest Tax Revenue Drop Since
1932... The Great Depression Two Continues There is no coincident data which is
demonstrating this recession is over. Some may be at the bottom, others have a
way to go… An
Artifical Recovery [$$] Why I Went Fully Into
Cash Bob Prechter "Quite Sure"
Next Wave Down Will Be Bigger and March Lows Will Break The
Real Economy Versus the Make-Believe World of the Government and Financial
Giants In the real economy, unemployment is at
Depression-era levels. US companies
axe 371,000 jobs in July Half of U.S. mortgages seen underwater by 2011...
Recovery ‘not in sight’ says BMW Top firms' pension funds plummet Consumer bankruptcies jump 34%
Nine Of Ten Sectors Overbought This Depression is
just beginning US
food stamp list tops 34 million for first time The
Banks Own the Fed, and the Central Banks Own BIS AIG
breakup nets Wall Street $1 billion bonanza: report ‘Underwater’
Mortgages to Hit 48%, Deutsche Bank Says Oil price hits $76, highest
since October...
US companies axe 371,000 jobs in July Half of U.S.
mortgages seen underwater by 2011... Recovery ‘not in sight’ says BMW Unemployment spreads distress in U.S. home loans Cities in the U.S. Sun Belt states of
California, Florida, Nevada and Arizona dominated the record foreclosure spree
in the first half of the year, but distress in other regions emerged as
joblessness spread, RealtyTrac said on Thursday. Recession
Worse Than Prior Estimates, Revisions Show Bloomberg | The
first 12 months of the U.S. recession saw the economy shrink more than twice as
much as previously estimated, reflecting even bigger declines in consumer
spending and housing, revised figures showed. Do you realize how many suckers’
rally points were added by the fake numbers contributing to this new
commissioning bubble! REVISED: ECONOMY 2X WORSE...
The government plans big revisions to historical economic
data... Developing... Regulators shut banks in
Fla., NJ, Ohio, Okla... WASHINGTON (AP) -- Regulators on Friday shut down banks in Florida, New
Jersey, Ohio, Oklahoma and Illinois, boosting to 69 the number of federally
insured banks to fail this year amid the pressures of the weak economy and
mounting loan defaults. PhD
Economist: Fed has Caused Soaring Unemployment, Millions of Foreclosures,
Millions Losing Life Savings and More than $6 Trillion in Lost Output DOLLAR DROPS TO '09 LOW... 75%
Favor Auditing The Fed Tarp banks
award billions in bonuses... The Real Unemployment Rate Hits a 68-Year High 2009 Looking More Like 1929 Dollar Falls to
2009 Low... Six Georgia banks
fail, bringing year tally to 64.... Rally may cool on earnings reality check Dollar Falls to Near 2009 Low as Economy Pares Refuge
Demand Ben
Bernanke Was Wrong Wall
Street’s Love Affair with Ben Bernanke Mike Whitney | bernanke knows that the country is in a Depression
Scams
And Bailouts The Cause of World Depression New US weekly jobless claims jump Its Official: U.S. Trapped in an Extended Depressionary
Cycle MICROSOFT Profit Drops 29% as
PC Slowdown Weighs on Revenue… they haven’t availed themselves of the fake
assets/books legislation recently passed... AMAZON.COM Profit
Drops 10%... Bernanke:
“I Don’t Know” Which Foreign Banks Were Given Half a Trillion Paul Joseph Watson Grayson grills Fed chairman on destination of credit
swaps. Fed:
unemployment will top 10 percent this year... Foreclosures (those increased home
sales that has been fueling suckers’ rally)
rise 15 percent in first half of 2009 (7-17) Three more banks
fail, bringing 2009 tally to more than double all of 2008 at a total thus far
of 57 Lower Markets on the Horizon Cody Willard: Goldman Sachs Is A Ponzi Scheme, Should
Be Punished Accordingly
The Ultimate Insider Trading Scheme Max Keiser: Goldman Sachs
gang are ’scum’ who have co-opted U.S. gov’t Cost
Of Bailout Hits A Whopping $24 Trillion Dollars Stearns Crucifies Paulson On Bailout Bait And Switch
Fiscal ruin of the Western world beckons Foreign Embassies Urged to Stockpile Local Currencies
Bailout
Overseer Says Banks Misused TARP Funds TARP watchdog says Treasury lacking bank data Goldman Sachs
caused the problems in the first
place… Who can deny that? Budget deficit tops $1 trillion for first time
(AP) CIT Watch: Analysts Says Debt Load Isn't the
Only Problem Geithner Refuses to Rule Out
Continuing Using American Taxpayer as Piggy Bank for Derivatives Losses
WHITE
HOUSE ECON ADVISER CLAIMS SUCCESS: FEWER PEOPLE SEARCHING 'ECONOMIC DEPRESSION'
ON GOOGLE BECAUSE EXPERIENCING IT FIRST-HAND THEY ALREADY KNOW WHAT ECONOMIC
DEPRESSION IS... What Economy?
There’s Nothing Left to Recover There is no economy left to recover. The US manufacturing economy
was lost to offshoring and free trade ideology. It was replaced by a mythical
“New Economy “ ; less bad, not as bad as expected…riiiiight!, tarp money
for the commission frauds on wall street in new manufactured bubble as
actual/real manufacturing down again; consumer confidence down,
commercial loans begin default phase of downturn, 6.9 million continuing
unemployment claims for new record; retail sales down sharply A REALITY CHECK ON U.S. 'ECONOMIC
RECOVERY' Jeff Nielson - U.S. equities
are rallying again today, and (as usual) it is a rally with no basis in
reality. Economist:
FDIC gearing up for bank closures Goldman Sachs Admits Its Software Can “Manipulate Markets
in Unfair Ways and fraudulently generate commissions /trade volume” Max Keiser: Goldman Sachs gang
are ’scum’ who have co-opted U.S. gov’t You Tube | Goldman Sachs are scum– that’s the bottom line.
They have co-opted the government, the Treasury Department and the Federal
Reserve’s functionality. They’ve co-opted the Obama administration & Barack
Obama dances to Goldman Sachs’ tune. True unemployment rate already at 20% This Depression
Will Last For Years Wyoming sees
first bank failure since 1991 China
criticizes dollar AIG Preparing to Pay New
Round of Bonuses... While Talking About Keynesian Stimulus, Feds Are Really
Just Giving Money to the Big Frauds
FDIC
Insurance Fund: It Doesn’t Actually Exist Replacing the dollar as reserve currency US loses 467,000 jobs, unemployment at 9.5% 'We're in the Middle of a Crash': Black Swan... Economic
Expectations – Unemployment Rate Will Reach 15% David Tice: We are going into a depression-15%
unemployment or more on horizon. U.S. consumers fall behind on loans at
record pace FBI: Mortgage
fraud 'rampant' and growing... Celente and Schiff
Predict Food Panic This Year. Watch clips HERE. Fema Camps Built. Wall Street hits 10-week low amid talk of new
stimulus (7-2)Seven more banks fail,
bringing 2009 tally to more than double all of 2008 at a total thus far of 52;
Private sector sheds another 473,000 jobs in June... US lurching towards ‘debt
explosion’ with long-term interest rates on course to double Jim Rogers Sells Dollars, Plans
to Short Treasuries ‘Sucker’s Rally Beginning To Unwind’ daaaah…? Calls grow to supplant dollar as global currency China officials
call for displacing dollar, in time Tracking Two
Depressions, 1929 and now this Mortgage applications fall to 7-month low... Private
sector sheds another 473,000 jobs in June... 'Layoffs may be worsening'... AIG shares drop
after 1-for-20 reverse-stock split (AP) Manhattan
apartment prices skid 13 to 19 percent Job
losses / job concerns realistically weigh on confidence, real estate
values/prices continue downward trend as per Case / Shiller Index (-18.1%, -21%
in california) Consumer
confidence suffers steep fall... Home prices post 18% annual
drop... Worldwide Depression: Review of Global Markets . Four banks
fail, bringing 2009 tally to 19 more than all of 2008 at a total thus far of 44 Dollar Falls Most in Month as China Urges New Reserve
Currency Gerald Celente speaks on Cap and Trade and other handicaps
to the US economy HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH
CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT ONE
PROSECUTION IN THE MOST RECENT MASSIVE
SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS WELL
AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK
MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T),
CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH
THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD
IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE,
RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED
SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS
ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC!
… THAT MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS,
… NOT OUT OF THIN AIR! ] TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP
SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
A REALITY CHECK ON U.S. 'ECONOMIC
RECOVERY' Jeff Nielson - U.S. equities
are rallying again today, and (as usual) it is a rally with no basis in
reality. , personal
income up modest .2% and spending down, China calls for new reserve currency to
supplant worthless dollar Dollar
And Stocks Drop As China Calls For New Global Currency , continuing
unemployment claims at or near record 627,000, weekly unemployment claims up
15,000, and GDP contraction –5.5%, all worse than expected (lennar wider than
expected quarterly loss rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing words/b.s. from fed which
previously predicted no recession that economy still contracting but that the
contraction is somewhat slowing…what b**l s**t!…, analysts- buffet/economy in
shambles, Hogan/negative GDP growth and inflation owing to debasement of the
dollar as well as deficit spending/pump-priming in the trillions, joker
stein/economy a mess and continued job losses, new home sales down .6%; U.S. Home Prices Drop 6.8 Percent
in April as Foreclosures Rise foreclosure sales
up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their
40th bank of the year , Next
Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9%
and big difference between not getting worse and getting better, market got
ahead of itself, stalled out, still depression/more job losses, higher oil-gas
prices / higher interest rates / heavy debt to pare down is 1-3 year drag on
economy, even if believed (I don’t) the labor dept. far better than expected
job numbers by increased debt (spending) to produce same is not economically
sound or sustainable, viz., record spending with record low revenues, rating
cuts for bank sector, analysts concur in significant 5-15% (reality says
15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down
1.1%, housing starts allegedly up but if believed will only increase the
plethora of unsold inventories, empire manufacturing index suffers unexpectedly
severe decline…daaaah!, credit dard defaults at record high, analysts concur
that fundamentals don’t support stock rally and that pac money(defacto bribes)
might derail any meaningful reform/regulation which is of concern to the frauds
on wall street who should be prosecuted, record loss of wealth, higher gas
prices, job losses, higher interest rates / yields, higher commodity prices,
higher deficits, hyperinflation, record continuing unemployment claims at 6.8
million, worthless Weimar dollar crashing,
money supply exploding with hyperinflation/higher interest rates coming,
budget deficit at new highs and trade deficit worse than expected, analyst who
called crash says inflationary depression, banks passed stress tests only with
the help of fraudulent change in accounting rules, banks still insolvent, toxic
assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end
of year, Obama/bernanke continuing failed policies of bush greenspan,
recommends getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not
Over” 6/9/2009 A REALITY CHECK ON U.S.
'ECONOMIC RECOVERY' Jeff Nielson - U.S.
equities are rallying again today, and (as usual) it is a rally with no basis
in reality. Markets See a Breakdown in
Technical Support Levels Roubini: USA sees
double-dip recession... Jobless claims rise; GDP dips in 1Q Bernanke faces GOP-led (who are they
kidding-bushies/paulsen went so far as threaten martial law- prosecute now!
They continue to allow the wall street fraud and political theater doesn’t
change their complicity) heat on BofA-Merrill deal Fed Tried to Cover-up Its
Involvement in Bank of America-Merrill Deal U.S. Economy: Jobless Claims
Rise in Sign Labor Market Stagnant Dollar
drops on reserve currency doubts China sells US
bonds to ’show concern’ BRICs May Buy
Each Other’s Bonds in Shift From Dollar China’s holding of US bonds
drops first time in 11 months Russia to Raise Reserve
Currency Issue at BRIC International
Demand for Worthless U.S. Assets Slowed in April IMF says worst not over Senator cashed out during big
stock collapse -- after meeting with Fed, Treasury chiefs! America's AAA
downgrade danger...
Treasury
faces pressure on price of TARP exit A depression so deep even
teen shoppers scrimp US cities may have to be bulldozed in order to survive 1st quarter
wiped out $1.3 trillion for Americans Get Ready for Inflation and
Higher Interest Rates Oil prices near $73 as
energy rally continues Fed Would Be Shut Down If It
Were Audited Fed says
economy weak, but sees signs the slide increasing Mounting
deficits spark jitters about U.S. economy Wall Street falls as
realities dent recovery hopes
Bonds fall on
worries about government's debt load (AP) Oil prices
strike new high for 2009 (AP) The depression quietly deepens
CHINA
AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes,
We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake government job loss report near 40%
better than private forecasts…I don’t think so!…9.4% unemployment rate…try well
over 10% and with stopped looking included over 20% , Jim
Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now China explores
buying $50bn in IMF bonds US retailers
report May sales declines Tiny
Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector
job losses/factory orders worse than expected, new record continuing
unemployment claims, bernanke spend more money you don’t have but cut
debilitating deficit…riiiiight…sounds like a plan with more job losses to come,
etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As
the Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD
$63.8 TRILLION... The Big Collapse
Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record
decline in real estate prices, $80+ oil
coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
, world economy to shrink by worse than
previously predicted 2.9% and big difference between not getting worse and
getting better, leading
indicators up far more than expected … bull s**t …based in large part on
inflated stock price component … more bull s**t … new
reform with same old frauds say increased capital requirements and oversight of
the overseers/rating agencies (riiiiight!…same old,same old - already have but
no will to enforce existing laws, etc.), analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets Insiders Exit Shares at the
Fastest Pace in Two Years BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... The Next Bubble Is Here. Have You Bought In? Here
we go again! Barney Frank asks FANNIE and FREDDIE to relax Mortgage lending rules... Fed Tried to Cover-up Its Involvement in Bank of America-Merrill
Deal Dollar
And Stocks Drop As China Calls For New Global Currency Citigroup
Ordered to Suspend Some Operations in Japan Bernanke
Grilling May Weaken Case for Fed as Risk Regulator Citi boosting salaries to offset lower bonuses,
allegedly to retain the clowns who helped make them taxpayer dependant and cause
the current debacle; how ‘bout firing them instead and offering opportunity to
the new, particularly non-ivy league vegetable garden grads [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. Home Prices Drop 6.8 Percent
in April as Foreclosures Rise [$$] Red Roof Inn Defaults on Mortgage Debt (at The
Wall Street Journal Online)
MySpace to cut two-thirds of global
workforce GM to cut 4,000 more white-collar jobs
by year end Oracle tops forecasts despite sales,
profit dip; stated another way, bad news will be shilled as good news (AP) California
Collapsing Bankster “Holiday” Planned for
September? Recession Sparking Global Unrest
Is Your Portfolio Ready for the Next
Leg Down? S&P turns negative for year in
broad sell-off (Reuters) Goldman Sachs on pace for record bonuses: report
(Reuters) Numbers On Welfare See Sharp
Increase Top Insiders Playing You For A
Sucker? The death of the dollar. Who
could deny it? Stanford indicted in
massive U.S. fraud case which is small potatoes compared to ubiquitously
massive wall street securities fraud which caused the ongoing financial debacle Venture
Capital Bubble Set to Burst, Kedrosky Says Obama Plans to Cut Bank
Regulators, Allow Fed to Supervise Financial Holding Companies – The old fox
guarding the henhouse tricks Federal Reserve unwisely to
gain power under plan Federal Reserve Foolishly
To
Be Given Sweeping New Powers Yen Strengthens Most in Month
as Asian Stocks Drop, Gold Gains RUSSIA
CHALLENGES WORTHLESS DOLLAR... AIG says former
top exec plundered retirement plan [video] The Too-Big-to-Fail
Problem [6.8 min] (at MarketWatch) [$$] Too Big to
Solve? (at The Wall Street Journal Online) Buy and Hold Is
Dead. Long Live Buy and Hold! Financial Bailout Plan Keeps
Zombie Banks Alive Bernanke then as now in denial
about looming crisis 2005-2007 Retail sales,
drop in jobless claims to a very high even if believed 601,000 yielding record
continuing claims of 6.8 million fuel hope…if you’re a dope Lawmakers
blast Fed, Treasury for BofA "threats" Oil climbs over $73 on
hopes for rising demand U.S. Household
Worth Fell by $1.3 Trillion in First Quarter Predictions of $250
a barrel on oil ECB Fears Reality
of Banking Crisis in 2010: Report Get Ready for Inflation and
Higher Interest Rates Bill To Audit Federal Reserve
Now Has 209 Co-Sponsors Russia May Swap Some U.S.
Treasuries for IMF Debt Fed report shows losses on Bear Stearns, AIG holdings Congress subpoenas the Fed ... Finally!
(AP) Brazil in recession, recovery unlikely this year What a “Jobless Recovery”
Really Means: A Massive Redistribution of Wealth from the Little Guy to the Big
Boys Obama
Tells American Businesses to Drop Dead America’s Fed Addiction “87
Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are Unsafe” Fed Said to
Retreat From Seeking Power to Sell Its Own Debt/Bills WIRE:
Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory
Loss
Obama’s economic model versus
reality Reality
bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government reports better than private
estimates…riiiiight! President
of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now Benefit spending
soars to new high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC:
OIL COULD REACH $90... ----- Existing home
foreclosure sales up, and no profit discount car sales better than
expected Diluting like crazy through new stock
bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
(8-20-09)
Dow
9,350 +70 To stamp out fraud, no change from suckers’ rally worth
reporting for second, third, fourth weeks of March and April -436 for the first week of March -12% for the month of February -8.8% (-775) for the
month of January -1% for fourth week of
January -2.5% for third week of January -4% for second week of January -5% for first full week of
January -34% for the year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1989 +19 To stamp out fraud, no change from
suckers’ rally worth reporting for second, third, fourth weeks of March and April -84 for
the first week of March -7% for the month of
February -6.4% (-101) for the month of
January -1% for fourth week of January
-3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P
500 1,007 +10 To stamp out fraud, no change from
suckers’ rally worth reporting for second,
third, fourth weeks
of March and
April -52 for the first week of March -11%
for the month of February -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $72.54
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.74 (reg. gas in LAND
OF FRUITS AND NUTS $3.05 REG./ $3.16
MID-GRADE/ $3.25 PREM./ $2.95 DIESEL)/
GOLD $942.22 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $13.88
PLATINUM $1,238 / DOLLAR= .69 EURO, 93 YEN, .59 POUND STERLING, ETC. (How low
can you go - LOWER)/ 10 YR NOTE YIELD 3.43% …..… AP Business Highlights … ...Yahoo Market Update... ]
YAHOO - BRIEFING.COM Weekly Recap Trendsresearch.com forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Must Read Economic/Financial
Data This Depression is
just beginning The Next Wave of Collapse is Coming Sooner than you think
ABSOLUTELY,
ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN IN THIS UNIQUELY
PREPOSTEROUS AND FRAUDULENT ENVIRONMENT WITH SUCKERS’ RALLY BASED ON WORSE THAN
EXPECTED 576,000 NEW CLAIMS FOR UNEMPLOYMENT, FORECLOSURES UP 13.1% TO HIGHEST
LEVEL EVER RECORDED, B.S. STOCK COMPONENT OF LEADING INDICATORS PROVIDES
MEANINGLESS SLIGHT POSITIVE READING (WHAT BULL S**T, WHAT FRAUDS!) AND
CONTINUED BAD NEWS [ INSIDERS ARE DUMPING STOCK INSIDERS CONTINUE TO SELL, SELL, SELL (AT
SEEKING ALPHA 8/13/09) PAPER: FRESH ALERT ON GLOBAL
STOCK MARKETS... US jobless claims in surprise jump for second week WHY DO EQUITY MARKETS DISAGREE WITH
THE DATA? CALPERS IS UNSUSTAINABLE What rebound? Foreclosures
rise... Grab Your Shorts, The Correction Has Begun THE
SECOND WAVE OF THE DEPRESSION: HYPERINFLATION IS LIKELY THE FDIC IS BROKE. NOW WHAT? (PART II) DOLLAR TO DECLINE AMID
CONCERN AS IT 'LOSES RESERVE STATUS'... JOBLESS
SPIKE COMPOUNDS FORECLOSURE CRISIS STOCKS
SLIDE ON ECONOMY CONCERN WORLD STOCKS, OIL TUMBLE ON U.S. FRAUD EXPOSURE AND CONSUMER
WORRIES Connecticut
Not Learning the Right Lessons from California Weekly Market Outlook: Commercial Real Estate Continues to
Deteriorate Retail sales fall, new jobless claims rise
(Reuters) US
Home Foreclosures Set Another Record in July Colonial BancGroup shut down by
federal officials (largest bank failure this year) (AP) Economist:
Claim that Economy Has Recovered “Is Like Somebody Borrowing Money from Their
Uncle and Then Celebrating that Their Income Has Gone Up” ]
PERSONAL & BUSINESS BANKRUPTCIES UP, WORTHLESS WEIMAR DOLLAR DOWN,
FORECLOSURES UP (32% YOY AND 7% MOM AT NEW RECORD, 50% HOMES UNDERWATER,
COMMERCIAL TO FOLLOW), CONFIDENCE REALISTICALLY DOWN, $100+ OIL AROUND CORNER
(2010-HOGAN); CELENTE-DEPRESSION NOW UNDERWAY
Bob Prechter Quite Sure Next Wave Down Will Be Bigger
and March Lows Will Break Gerald Celente 2.5 Million Jobs Lost Since Obama’s
Presidency PAPER: Fresh alert on global
stock markets...
TO KEEP SUCKERS SUCKERED [ Insiders Continue to Sell, Sell, Sell (at Seeking Alpha –
8/13/09) (7-29-09) Insiders Selling at Alarming
Levels Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [Tarp banks award billions in bonuses... Goldman Sachs on pace for record bonuses: report
(Reuters) Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly Max Keiser: Prosecute the Bankster Crime Syndicate The Market's Horoscope:
Downside Correction ! [ Entering
the Greatest Depression in History Andrew Gavin
Marshall | The crisis has many bubbles, all of which dwarf the housing
bubble burst of 2008. Geithner asks
Congress for higher U.S. debt limit U.S. regulators
close 3 banks, total now 72 US deficit
climbs to 1.3 trillion dollars This Depression is
just beginning The Next Wave of Collapse is Coming Sooner than you think
Back in the Great Depression of 1929 through the 1930’s, we saw
a similar Zig-zag pattern. There was a crash in 1929, followed by a nice rally,
but then the most devastating part of the market collapse followed into the
1930’s. Feds Hit With Biggest Tax Revenue Drop Since
1932... The Great Depression Two Continues There is no coincident data which is
demonstrating this recession is over. Some may be at the bottom, others have a
way to go… An Artifical Recovery
[$$] Why I Went Fully Into
Cash Bob Prechter "Quite Sure" Next Wave Down
Will Be Bigger and March Lows Will Break A REALITY CHECK ON U.S. 'ECONOMIC
RECOVERY' Jeff Nielson - U.S. equities
are rallying again today, and (as usual) it is a rally with no basis in
reality. Most of the enthusiasm comes from another
string of corporate quarterly results which “beat expectations”. I had hoped
that the sheep were starting to clue-in to this silly game, however it appears
there is a still a large pack of Pavlov's Dogs out there – who respond to their
propaganda cues without a moment of actual thought. The truth is that all of
the companies “beating expectations” are still reporting steadily worse results
year-over-year – and in many cases, much worse results. Among the few
exceptions are U.S. financial corporations. However, since accounting-fraud was
legalized in the United States (see “FASB strong-armed into mark-to-fantasy accounting”),
their bottom-lines have had absolutely no connection to their business
operations… The
Real Economy Versus the Make-Believe World of the Government and Financial
Giants In the real economy, unemployment is at
Depression-era levels. Top firms' pension funds plummet Consumer bankruptcies jump 34%
Nine Of Ten Sectors Overbought This Depression is
just beginning US companies
axe 371,000 jobs in July Half of U.S.
mortgages seen underwater by 2011... Recovery ‘not in sight’ says BMW ] CONTINUED
FRAUD WITH PROGRAMMED SUCKERS’ RALLY DESPITE NEW RECORD FOR CONTINUING
UNEMPLOYMENT CLAIMS AT 6.3 MILLION AND AS I WARNED, WATCH FOR FAKE REPORTS IN
DESPERATION – AND LABOR DEPT. CAME THROUGH WITH FAKE REPORT AND NEW LIE BASED
UPON PEOPLE STOPPED LOOKING FOR JOBS SO THEIR RATE 9.4 BUT OBAMA SAYS 10% -
REALITY IS UNEMPLOYMENT RATE IS WELL OVER 10%, THEN AIG SOARS ON “PROFIT” WITH
$87 BILLION IN TAXPAYER FUNDS TO PLAY WITH
[ Max Keiser: Prosecute the Bankster Crime Syndicate Insiders Continue to Sell, Sell, Sell (at Seeking Alpha) PAPER: Fresh alert on global
stock markets... Retail sales fall, new jobless claims rise (Reuters) US
Home Foreclosures Set Another Record in July (7-29-09)
Insiders Selling at Alarming Levels …Although the level of insider selling is certainly
alarming it's important to note that the very low levels of buying are
particularly alarming. Insiders sell stock for many reasons, but they generally
only buy stock for one reason: they believe the stock is going up. Despite the
fact the media is reporting an end to the recession, a bottom in housing and a
trough in earnings we are seeing a vote of zero confidence from the people who
know these companies better than anyone else…
Entering
the Greatest Depression in History Andrew Gavin
Marshall | The crisis has many bubbles, all of which dwarf the
housing bubble burst of 2008. Geithner asks
Congress for higher U.S. debt limit U.S.
regulators close 3 banks, total now 72 US deficit climbs
to 1.3 trillion dollars Causes of This Depression Yet To Be Addressed Further impoverishment is on the way. More
and more will be laid off and they’ll be no new jobs available. Savings will be
exhausted and most homes that have been financed will be under water. Some banks paid bonuses bigger than income: o This Depression is
just beginning You read that right! Only $400 billion
of that fantastic 6 month “green shoots” stock market rally came from money
market accounts. The rest ($2.3 trillion) was laundered through the banks and
other financial institutions to create the appearance of recovery and to raise
equity for underwater banks rather than forcing them into receivership (which
is where they belong) Bernanke probably knew that congress wouldn’t approve
another TARP-type bailout for dodgy mortgage-backed assets, so he settled on
this shifty plan instead. The only problem is, the banks are still broke,
business investment is at historic lows, consumers are on the ropes, the
unemployment lines are swelling, the homeless shelters are bulging, the pawn
shops are bustling, tent cities are sprouting up everywhere, and according to
MarketWatch, Corporate insiders have recently been selling their companies’
shares at a greater pace than at any time since the top of the bull market in
the fall of 2007.” Face it; the economy is in the crapper and Bernanke’s
trickery hasn’t done a lick of good. The Next Wave of Collapse is Coming Sooner than you think
Back in the Great Depression of 1929 through the 1930’s, we saw
a similar Zig-zag pattern. There was a crash in 1929, followed by a nice rally,
but then the most devastating part of the market collapse followed into the
1930’s. Bob Prechter "Quite Sure" Next Wave Down
Will Be Bigger and March Lows Will Break The
Real Economy Versus the Make-Believe World of the Government and Financial
Giants In the real economy,
unemployment is at Depression-era levels.
Top firms' pension funds plummet Consumer bankruptcies jump 34%
Nine Of Ten Sectors Overbought This Depression is
just beginning Feds Hit With Biggest Tax Revenue Drop Since
1932... The Great Depression Two Continues There is no coincident data which is
demonstrating this recession is over. Some may be at the bottom, others have a
way to go… An
Artifical Recovery [$$] Why I Went Fully Into
Cash US
food stamp list tops 34 million for first time The
Banks Own the Fed, and the Central Banks Own BIS AIG
breakup nets Wall Street $1 billion bonanza: report ‘Underwater’
Mortgages to Hit 48%, Deutsche Bank Says Oil price hits $76, highest
since October...
US companies axe 371,000 jobs in July Half of U.S.
mortgages seen underwater by 2011... Recovery ‘not in sight’ says BMW Half of U.S.
mortgages seen underwater by 2011... Recovery ‘not in sight’ says BMW Recession Worse Than Prior Estimates, Revisions Show Bloomberg | The first 12 months of the U.S.
recession saw the economy shrink more than twice as much as previously
estimated, reflecting even bigger declines in consumer spending and housing,
revised figures showed.
DO YOU REALIZE HOW MANY SUCKERS’ RALLY POINTS WERE ADDED BY THE FAKE NUMBERS
CONTRIBUTING TO THIS NEW COMMISSIONING BUBBLE! REVISED: ECONOMY 2X WORSE...
The government plans big revisions to historical economic
data... Developing... Regulators shut banks in
Fla., NJ, Ohio, Okla... WASHINGTON (7-31-09) (AP) -- Regulators on Friday shut down banks in Florida, New
Jersey, Ohio, Oklahoma and Illinois, boosting to 69 the number of federally
insured banks to fail this year amid the pressures of the weak economy and
mounting loan defaults. PhD
Economist: Fed has Caused Soaring Unemployment, Millions of Foreclosures,
Millions Losing Life Savings and More than $6 Trillion in Lost Output DOLLAR DROPS TO '09 LOW...
Unemployment spreads distress in U.S. home loans Weak Treasury Auctions Raise Worries About Debt
Burden... [$$] Senate
Probes Banks for Meltdown Fraud (at The Wall Street Journal Online) Even Bernanke Admits this Could be Worse than the Great
Depression Senate probes Goldman,
Deutsche: report (Reuters)
The Real Unemployment Rate Hits a 68-Year High 2009 Looking More Like 1929 Dollar Falls to
2009 Low... U.S. Markets Decline After
Weaker Than Expected Data A REALITY CHECK ON U.S.
'ECONOMIC RECOVERY' Jeff Nielson - U.S.
equities are rallying again today, and (as usual) it is a rally with no basis
in reality. ] AND NOTHING REAL OR
POSITIVE AT ALL (IE., STILL NO PROSECUTIONS OF THE FRAUDS ON WALL STREET SO
JUST ANOTHER BUILT-IN COST BY CHURN-AND-EARN COMMISSIONS TO, DEFACTO TAX ON
NON-PERFORMING / DECLINING ECONOMY, DURABLE GOODS DOWN/FORECLOSURES UP,
CONFIDENCE REALISTICALLY DOWN, CORRUPT COMMERCE DEPARTMENT CHIMES IN WITH FAKE
NUMBERS, USED HOME SALES UP WITH DEFAULTS/ SHORT SALES, JOB LOSSES UP, BETTER
THAN EXPECTED MANTRA, GUIDANCE THAT DEFIES REALITY BY A LONG SHOT AS IN LAST
COMMISSIONABLE BUBBLE BUST, JOB/COST CUTS TO BONE, ETC.) ( Max Keiser: Prosecute the Bankster Crime Syndicate Max
Keiser: Goldman Sachs Are “Scum,” “Financial Terrorists” Bank profits not as impressive as they seem
when you take into account TARP funding, changed accounting rules to fudge
books, new stock issues, etc… um Cost
Of Bailout Hits A Whopping $24 Trillion Dollars Entering
the Greatest Depression in History Andrew Gavin
Marshall | The crisis has many bubbles, all of which dwarf the
housing bubble burst of 2008. Geithner asks
Congress for higher U.S. debt limit U.S.
regulators close 3 banks, total now 72 US deficit climbs
to 1.3 trillion dollars Stearns Crucifies Paulson On Bailout Bait And Switch
Fiscal ruin of the Western world beckons Foreign Embassies Urged to Stockpile Local Currencies
Bailout
Overseer Says Banks Misused TARP Funds Regulators shut banks in Calif., Ga. and SD ) TO KEEP
SUCKERS SUCKERED [ (7-29-09) Insiders Selling at Alarming
Levels Insiders Exit Shares at the
Fastest Pace in Two Years Bob Prechter "Quite Sure" Next Wave Down
Will Be Bigger and March Lows Will Break ] AND COMMISSION
DOLLARS FLOWING [Tarp banks award billions in bonuses... Goldman Sachs on pace for record bonuses: report
(Reuters) Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly Max Keiser: Prosecute the Bankster Crime Syndicate Corporate
Media Spotlights Distortion of Market by High Frequency Trading [$$] Big Pay
Packages Return to Wall Street as new fraud gains steam (at The Wall Street
Journal Online) Max Keiser: Goldman Sachs
gang are ’scum’ who have co-opted U.S. gov’t Max
Keiser: Goldman Sachs Are “Scum,” “Financial Terrorists” Max Keiser goes on the offensive during an
appearance on France 24 as he slams Goldman Sachs as “scum” and “financial
terrorists” who should be thrown in jail.
‘Printing
money will lead to serious problems down the road,’ says Jim Rogers Spitzer: Federal Reserve is ‘a
Ponzi scheme, an inside job’ 2009 Looking More
Like 1929 AIG
breakup nets Wall Street $1 billion bonanza: report ] BASED ON
CONTINUED BAD NEWS ( ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF
RECOVERY... Scams
And Bailouts The Cause of World Depression Insiders Continue to Sell, Sell, Sell (at Seeking Alpha
8/13/09) PAPER: Fresh alert on global
stock markets... Retail sales fall, new jobless claims rise (Reuters) US
Home Foreclosures Set Another Record in July (7-29-09) Insiders Selling at Alarming
Levels Entering
the Greatest Depression in History Andrew Gavin
Marshall | The crisis has many bubbles, all of which dwarf the
housing bubble burst of 2008. The
Market's Horoscope: Downside Correction Geithner asks
Congress for higher U.S. debt limit U.S.
regulators close 3 banks, total now 72 US deficit climbs
to 1.3 trillion dollars Causes of Depression Yet To Be Addressed Further impoverishment is on the way. More
and more will be laid off and they’ll be no new jobs available. Savings will be
exhausted and most homes that have been financed will be under water. Some banks paid bonuses bigger than income: o This Depression is
just beginning You read that right! Only $400 billion
of that fantastic 6 month “green shoots” stock market rally came from money
market accounts. The rest ($2.3 trillion) was laundered through the banks and
other financial institutions to create the appearance of recovery and to raise
equity for underwater banks rather than forcing them into receivership (which
is where they belong) Bernanke probably knew that congress wouldn’t approve
another TARP-type bailout for dodgy mortgage-backed assets, so he settled on
this shifty plan instead. The only problem is, the banks are still broke,
business investment is at historic lows, consumers are on the ropes, the
unemployment lines are swelling, the homeless shelters are bulging, the pawn
shops are bustling, tent cities are sprouting up everywhere, and according to
MarketWatch, Corporate insiders have recently been selling their companies’
shares at a greater pace than at any time since the top of the bull market in
the fall of 2007.” Face it; the economy is in the crapper and Bernanke’s
trickery hasn’t done a lick of good. The Next Wave of Collapse is Coming Sooner than you think
Back in the Great Depression of 1929 through the 1930’s, we saw
a similar Zig-zag pattern. There was a crash in 1929, followed by a nice rally,
but then the most devastating part of the market collapse followed into the
1930’s. Feds Hit With Biggest Tax Revenue Drop Since
1932... The Great Depression Two Continues There is no coincident data which is
demonstrating this recession is over. Some may be at the bottom, others have a
way to go… An
Artifical Recovery [$$] Why I Went Fully Into
Cash Bob Prechter "Quite Sure"
Next Wave Down Will Be Bigger and March Lows Will Break The
Real Economy Versus the Make-Believe World of the Government and Financial
Giants In the real economy, unemployment is at
Depression-era levels. US companies
axe 371,000 jobs in July Half of U.S. mortgages seen underwater by 2011...
Recovery ‘not in sight’ says BMW Top firms' pension funds plummet Consumer bankruptcies jump 34%
Nine Of Ten Sectors Overbought This Depression is
just beginning US
food stamp list tops 34 million for first time The
Banks Own the Fed, and the Central Banks Own BIS AIG
breakup nets Wall Street $1 billion bonanza: report ‘Underwater’
Mortgages to Hit 48%, Deutsche Bank Says Oil price hits $76, highest
since October...
US companies axe 371,000 jobs in July Half of U.S.
mortgages seen underwater by 2011... Recovery ‘not in sight’ says BMW Unemployment spreads distress in U.S. home loans Cities in the U.S. Sun Belt states of
California, Florida, Nevada and Arizona dominated the record foreclosure spree
in the first half of the year, but distress in other regions emerged as
joblessness spread, RealtyTrac said on Thursday. Recession
Worse Than Prior Estimates, Revisions Show Bloomberg | The
first 12 months of the U.S. recession saw the economy shrink more than twice as
much as previously estimated, reflecting even bigger declines in consumer
spending and housing, revised figures showed. Do you realize how many suckers’
rally points were added by the fake numbers contributing to this new commissioning
bubble! REVISED: ECONOMY 2X WORSE...
The government plans big revisions to historical economic
data... Developing... Regulators shut banks in
Fla., NJ, Ohio, Okla... WASHINGTON (AP) -- Regulators on Friday shut down banks in Florida, New
Jersey, Ohio, Oklahoma and Illinois, boosting to 69 the number of federally
insured banks to fail this year amid the pressures of the weak economy and
mounting loan defaults. PhD
Economist: Fed has Caused Soaring Unemployment, Millions of Foreclosures,
Millions Losing Life Savings and More than $6 Trillion in Lost Output DOLLAR DROPS TO '09 LOW... 75%
Favor Auditing The Fed Tarp banks
award billions in bonuses... The Real Unemployment Rate Hits a 68-Year High 2009 Looking More Like 1929 Dollar Falls to
2009 Low... Six Georgia banks
fail, bringing year tally to 64.... Rally may cool on earnings reality check Dollar Falls to Near 2009 Low as Economy Pares Refuge
Demand Ben
Bernanke Was Wrong Wall
Street’s Love Affair with Ben Bernanke Mike Whitney | bernanke knows that the country is in a Depression
Scams
And Bailouts The Cause of World Depression New US weekly jobless claims jump Its Official: U.S. Trapped in an Extended Depressionary
Cycle MICROSOFT Profit Drops 29% as
PC Slowdown Weighs on Revenue… they haven’t availed themselves of the fake
assets/books legislation recently passed... AMAZON.COM Profit
Drops 10%... Bernanke:
“I Don’t Know” Which Foreign Banks Were Given Half a Trillion Paul Joseph Watson Grayson grills Fed chairman on destination of credit
swaps. Fed:
unemployment will top 10 percent this year... Foreclosures (those increased home
sales that has been fueling suckers’ rally)
rise 15 percent in first half of 2009 (7-17) Three more banks
fail, bringing 2009 tally to more than double all of 2008 at a total thus far
of 57 Lower Markets on the Horizon Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly The Ultimate Insider Trading Scheme Max Keiser: Goldman Sachs
gang are ’scum’ who have co-opted U.S. gov’t Cost
Of Bailout Hits A Whopping $24 Trillion Dollars Stearns Crucifies Paulson On Bailout Bait And Switch
Fiscal ruin of the Western world beckons Foreign Embassies Urged to Stockpile Local Currencies
Bailout
Overseer Says Banks Misused TARP Funds TARP watchdog says Treasury lacking bank data Goldman Sachs
caused the problems in the first
place… Who can deny that? Budget deficit tops $1 trillion for first time
(AP) CIT Watch: Analysts Says Debt Load Isn't the
Only Problem Geithner Refuses to Rule Out
Continuing Using American Taxpayer as Piggy Bank for Derivatives Losses
WHITE
HOUSE ECON ADVISER CLAIMS SUCCESS: FEWER PEOPLE SEARCHING 'ECONOMIC DEPRESSION'
ON GOOGLE BECAUSE EXPERIENCING IT FIRST-HAND THEY ALREADY KNOW WHAT ECONOMIC
DEPRESSION IS... What
Economy? There’s Nothing Left to Recover There is no economy left to recover. The US manufacturing economy
was lost to offshoring and free trade ideology. It was replaced by a mythical
“New Economy “ ; less bad, not as bad as expected…riiiiight!, tarp money
for the commission frauds on wall street in new manufactured bubble as
actual/real manufacturing down again; consumer confidence down,
commercial loans begin default phase of downturn, 6.9 million continuing unemployment
claims for new record; retail sales down sharply A REALITY CHECK ON U.S. 'ECONOMIC
RECOVERY' Jeff Nielson - U.S. equities
are rallying again today, and (as usual) it is a rally with no basis in
reality. Economist:
FDIC gearing up for bank closures Goldman Sachs Admits Its Software Can “Manipulate Markets
in Unfair Ways and fraudulently generate commissions /trade volume” Max Keiser: Goldman Sachs gang
are ’scum’ who have co-opted U.S. gov’t You Tube | Goldman Sachs are scum– that’s the bottom line.
They have co-opted the government, the Treasury Department and the Federal
Reserve’s functionality. They’ve co-opted the Obama administration & Barack
Obama dances to Goldman Sachs’ tune. True unemployment rate already at 20% This Depression
Will Last For Years Wyoming sees
first bank failure since 1991 China
criticizes dollar AIG Preparing to Pay New
Round of Bonuses... While Talking About Keynesian Stimulus, Feds Are Really
Just Giving Money to the Big Frauds
FDIC
Insurance Fund: It Doesn’t Actually Exist Replacing the dollar as reserve currency US loses 467,000 jobs, unemployment at 9.5% 'We're in the Middle of a Crash': Black Swan... Economic
Expectations – Unemployment Rate Will Reach 15% David Tice: We are going into a depression-15%
unemployment or more on horizon. U.S. consumers fall behind on loans at
record pace FBI: Mortgage
fraud 'rampant' and growing... Celente and Schiff
Predict Food Panic This Year. Watch clips HERE. Fema Camps Built. Wall Street hits 10-week low amid talk of new
stimulus (7-2)Seven more banks fail,
bringing 2009 tally to more than double all of 2008 at a total thus far of 52;
Private sector sheds another 473,000 jobs in June... US lurching towards ‘debt
explosion’ with long-term interest rates on course to double Jim Rogers Sells Dollars, Plans
to Short Treasuries ‘Sucker’s Rally Beginning To Unwind’ daaaah…? Calls grow to supplant dollar as global currency China officials
call for displacing dollar, in time Tracking Two
Depressions, 1929 and now this Mortgage applications fall to 7-month low... Private
sector sheds another 473,000 jobs in June... 'Layoffs may be worsening'... AIG shares drop
after 1-for-20 reverse-stock split (AP) Manhattan
apartment prices skid 13 to 19 percent Job
losses / job concerns realistically weigh on confidence, real estate
values/prices continue downward trend as per Case / Shiller Index (-18.1%, -21%
in california) Consumer
confidence suffers steep fall... Home prices post 18% annual
drop... Worldwide Depression: Review of Global Markets . Four banks
fail, bringing 2009 tally to 19 more than all of 2008 at a total thus far of 44 Dollar Falls Most in Month as China Urges New Reserve
Currency Gerald Celente speaks on Cap and Trade and other handicaps
to the US economy HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH
CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT ONE
PROSECUTION IN THE MOST RECENT MASSIVE
SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS
WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK
MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T),
CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH
THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD
IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE,
RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED
SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS
ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC!
… THAT MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS,
… NOT OUT OF THIN AIR! ] TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP
SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
A REALITY CHECK ON U.S. 'ECONOMIC
RECOVERY' Jeff Nielson - U.S. equities
are rallying again today, and (as usual) it is a rally with no basis in
reality. , personal
income up modest .2% and spending down, China calls for new reserve currency to
supplant worthless dollar Dollar
And Stocks Drop As China Calls For New Global Currency , continuing
unemployment claims at or near record 627,000, weekly unemployment claims up
15,000, and GDP contraction –5.5%, all worse than expected (lennar wider than expected
quarterly loss rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing words/b.s. from fed which
previously predicted no recession that economy still contracting but that the
contraction is somewhat slowing…what b**l s**t!…, analysts- buffet/economy in
shambles, Hogan/negative GDP growth and inflation owing to debasement of the
dollar as well as deficit spending/pump-priming in the trillions, joker
stein/economy a mess and continued job losses, new home sales down .6%; U.S. Home Prices Drop 6.8
Percent in April as Foreclosures Rise foreclosure sales
up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their
40th bank of the year , Next
Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9%
and big difference between not getting worse and getting better, market got
ahead of itself, stalled out, still depression/more job losses, higher oil-gas
prices / higher interest rates / heavy debt to pare down is 1-3 year drag on
economy, even if believed (I don’t) the labor dept. far better than expected
job numbers by increased debt (spending) to produce same is not economically
sound or sustainable, viz., record spending with record low revenues, rating
cuts for bank sector, analysts concur in significant 5-15% (reality says
15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down
1.1%, housing starts allegedly up but if believed will only increase the
plethora of unsold inventories, empire manufacturing index suffers unexpectedly
severe decline…daaaah!, credit dard defaults at record high, analysts concur
that fundamentals don’t support stock rally and that pac money(defacto bribes)
might derail any meaningful reform/regulation which is of concern to the frauds
on wall street who should be prosecuted, record loss of wealth, higher gas
prices, job losses, higher interest rates / yields, higher commodity prices,
higher deficits, hyperinflation, record continuing unemployment claims at 6.8
million, worthless Weimar dollar crashing,
money supply exploding with hyperinflation/higher interest rates coming,
budget deficit at new highs and trade deficit worse than expected, analyst who
called crash says inflationary depression, banks passed stress tests only with
the help of fraudulent change in accounting rules, banks still insolvent, toxic
assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end
of year, Obama/bernanke continuing failed policies of bush greenspan,
recommends getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not
Over” 6/9/2009 A REALITY CHECK ON U.S.
'ECONOMIC RECOVERY' Jeff Nielson - U.S.
equities are rallying again today, and (as usual) it is a rally with no basis
in reality. Markets See a Breakdown in
Technical Support Levels Roubini: USA sees
double-dip recession... Jobless claims rise; GDP dips in 1Q Bernanke faces GOP-led (who are they
kidding-bushies/paulsen went so far as threaten martial law- prosecute now!
They continue to allow the wall street fraud and political theater doesn’t
change their complicity) heat on BofA-Merrill deal Fed Tried to Cover-up Its
Involvement in Bank of America-Merrill Deal U.S. Economy: Jobless Claims
Rise in Sign Labor Market Stagnant Dollar
drops on reserve currency doubts China sells US
bonds to ’show concern’ BRICs May Buy
Each Other’s Bonds in Shift From Dollar China’s holding of US bonds
drops first time in 11 months Russia to Raise Reserve
Currency Issue at BRIC International
Demand for Worthless U.S. Assets Slowed in April IMF says worst not over Senator cashed out during big
stock collapse -- after meeting with Fed, Treasury chiefs! America's AAA
downgrade danger...
Treasury
faces pressure on price of TARP exit A depression so deep even
teen shoppers scrimp US cities may have to be bulldozed in order to survive 1st quarter
wiped out $1.3 trillion for Americans Get Ready for Inflation and
Higher Interest Rates Oil prices near $73 as
energy rally continues Fed Would Be Shut Down If It
Were Audited Fed says
economy weak, but sees signs the slide increasing Mounting
deficits spark jitters about U.S. economy Wall Street falls as
realities dent recovery hopes
Bonds fall on
worries about government's debt load (AP) Oil prices
strike new high for 2009 (AP) The depression quietly deepens
CHINA
AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes,
We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake government job loss report near 40%
better than private forecasts…I don’t think so!…9.4% unemployment rate…try well
over 10% and with stopped looking included over 20% , Jim
Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now China explores
buying $50bn in IMF bonds US retailers
report May sales declines Tiny
Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector
job losses/factory orders worse than expected, new record continuing
unemployment claims, bernanke spend more money you don’t have but cut
debilitating deficit…riiiiight…sounds like a plan with more job losses to come,
etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As
the Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD
$63.8 TRILLION... The Big Collapse
Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities Sell-Off
Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record
decline in real estate prices, $80+ oil
coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
, world economy to shrink by worse than
previously predicted 2.9% and big difference between not getting worse and
getting better, leading
indicators up far more than expected … bull s**t …based in large part on
inflated stock price component … more bull s**t … new
reform with same old frauds say increased capital requirements and oversight of
the overseers/rating agencies (riiiiight!…same old,same old - already have but
no will to enforce existing laws, etc.), analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets Insiders Exit Shares at the
Fastest Pace in Two Years BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... The Next Bubble Is Here. Have You Bought In? Here
we go again! Barney Frank asks FANNIE and FREDDIE to relax Mortgage lending
rules... Fed Tried to Cover-up Its Involvement in Bank of America-Merrill
Deal Dollar
And Stocks Drop As China Calls For New Global Currency Citigroup
Ordered to Suspend Some Operations in Japan Bernanke
Grilling May Weaken Case for Fed as Risk Regulator Citi boosting salaries to offset lower bonuses,
allegedly to retain the clowns who helped make them taxpayer dependant and
cause the current debacle; how ‘bout firing them instead and offering
opportunity to the new, particularly non-ivy league vegetable garden grads [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. Home Prices Drop 6.8 Percent
in April as Foreclosures Rise [$$] Red Roof Inn Defaults on Mortgage Debt (at The
Wall Street Journal Online)
MySpace to cut two-thirds of global
workforce GM to cut 4,000 more white-collar jobs
by year end Oracle tops forecasts despite sales,
profit dip; stated another way, bad news will be shilled as good news (AP) California
Collapsing Bankster “Holiday” Planned for
September? Recession Sparking Global Unrest
Is Your Portfolio Ready for the Next
Leg Down? S&P turns negative for year in
broad sell-off (Reuters) Goldman Sachs on pace for record bonuses: report
(Reuters) Numbers On Welfare See Sharp
Increase Top Insiders Playing You For A
Sucker? The death of the dollar. Who
could deny it? Stanford indicted in
massive U.S. fraud case which is small potatoes compared to ubiquitously
massive wall street securities fraud which caused the ongoing financial debacle Venture
Capital Bubble Set to Burst, Kedrosky Says Obama Plans to Cut Bank
Regulators, Allow Fed to Supervise Financial Holding Companies – The old fox
guarding the henhouse tricks Federal Reserve unwisely to
gain power under plan Federal Reserve Foolishly
To
Be Given Sweeping New Powers Yen Strengthens Most in Month
as Asian Stocks Drop, Gold Gains RUSSIA
CHALLENGES WORTHLESS DOLLAR... AIG says former
top exec plundered retirement plan [video] The Too-Big-to-Fail
Problem [6.8 min] (at MarketWatch) [$$] Too Big to
Solve? (at The Wall Street Journal Online) Buy and Hold Is
Dead. Long Live Buy and Hold! Financial Bailout Plan Keeps
Zombie Banks Alive Bernanke then as now in denial
about looming crisis 2005-2007 Retail sales,
drop in jobless claims to a very high even if believed 601,000 yielding record
continuing claims of 6.8 million fuel hope…if you’re a dope Lawmakers
blast Fed, Treasury for BofA "threats" Oil climbs over $73 on
hopes for rising demand U.S. Household
Worth Fell by $1.3 Trillion in First Quarter Predictions of $250
a barrel on oil ECB Fears Reality
of Banking Crisis in 2010: Report Get Ready for Inflation and
Higher Interest Rates Bill To Audit Federal Reserve
Now Has 209 Co-Sponsors Russia May Swap Some U.S.
Treasuries for IMF Debt Fed report shows losses on Bear Stearns, AIG holdings Congress subpoenas the Fed ... Finally!
(AP) Brazil in recession, recovery unlikely this year What a “Jobless Recovery”
Really Means: A Massive Redistribution of Wealth from the Little Guy to the Big
Boys Obama
Tells American Businesses to Drop Dead America’s Fed Addiction “87
Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are Unsafe” Fed Said to
Retreat From Seeking Power to Sell Its Own Debt/Bills WIRE:
Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory
Loss
Obama’s economic model versus
reality Reality
bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government
reports better than private estimates…riiiiight! President
of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now Benefit spending
soars to new high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC:
OIL COULD REACH $90... ----- Existing home
foreclosure sales up, and no profit discount car sales better than
expected Diluting like crazy through new stock
bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/
TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
(8-19-09)
Dow
9,279 +61 To stamp out fraud, no change from suckers’ rally worth
reporting for second, third, fourth weeks of March and April -436 for the first week of March -12% for the month of February -8.8% (-775) for the
month of January -1% for fourth week of
January -2.5% for third week of January -4% for second week of January -5% for first full week of
January -34% for the year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1969 +13 To stamp out fraud, no change from
suckers’ rally worth reporting for second, third, fourth weeks of March and April -84 for
the first week of March -7% for the month of
February -6.4% (-101) for the month of
January -1% for fourth week of January
-3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P
500 996 +6 To stamp out fraud, no change from suckers’ rally worth
reporting for second, third, fourth weeks of March and April -52 for
the first week of March -11% for the month of
February -8.6%
(-75) for the month of January -1% for
fourth week of January -2.3% for third week of
January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $72.42
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.74 (reg. gas in LAND
OF FRUITS AND NUTS $3.05 REG./ $3.16
MID-GRADE/ $3.25 PREM./ $2.95 DIESEL)/
GOLD $945 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $13.88
PLATINUM $1,238 / DOLLAR= .69 EURO, 94 YEN, .59 POUND STERLING, ETC. (How low
can you go - LOWER)/ 10 YR NOTE YIELD 3.46% …..… AP Business Highlights … ...Yahoo Market Update... ]
YAHOO - BRIEFING.COM Weekly Recap Trendsresearch.com forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Must Read
Economic/Financial Data This Depression is
just beginning The Next Wave of Collapse is Coming Sooner than you think
ABSOLUTELY,
ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN IN THIS UNIQUELY
PREPOSTEROUS AND FRAUDULENT ENVIRONMENT AS SUCKERS’ 300%+ RALLY IN THROUGH THE
CLOSE IN DEFIANCE OF REALITY BASED ON
HIGHER OIL PRICES ON LOWER INVENTORIES (WHAT BULL S**T, WHAT FRAUDS!) AND
CONTINUED BAD NEWS [INSIDERS ARE DUMPING STOCK INSIDERS CONTINUE TO SELL, SELL, SELL (AT
SEEKING ALPHA 8/13/09) PAPER: FRESH ALERT ON GLOBAL
STOCK MARKETS... Grab Your Shorts, The Correction Has Begun THE
SECOND WAVE OF THE DEPRESSION: HYPERINFLATION IS LIKELY THE FDIC IS BROKE. NOW WHAT? (PART II) DOLLAR TO DECLINE AMID
CONCERN AS IT 'LOSES RESERVE STATUS'... JOBLESS
SPIKE COMPOUNDS FORECLOSURE CRISIS STOCKS
SLIDE ON ECONOMY CONCERN WORLD STOCKS, OIL TUMBLE ON U.S. FRAUD EXPOSURE AND CONSUMER
WORRIES Connecticut
Not Learning the Right Lessons from California Weekly Market Outlook: Commercial Real Estate Continues to
Deteriorate Retail sales fall, new jobless claims rise
(Reuters) US
Home Foreclosures Set Another Record in July Colonial BancGroup shut down by
federal officials (largest bank failure this year) (AP) Economist:
Claim that Economy Has Recovered “Is Like Somebody Borrowing Money from Their
Uncle and Then Celebrating that Their Income Has Gone Up” ]
PERSONAL & BUSINESS BANKRUPTCIES UP, WORTHLESS WEIMAR DOLLAR DOWN,
FORECLOSURES UP (32% YOY AND 7% MOM AT NEW RECORD, 50% HOMES UNDERWATER,
COMMERCIAL TO FOLLOW), CONFIDENCE REALISTICALLY DOWN, $100+ OIL AROUND CORNER
(2010-HOGAN); CELENTE-DEPRESSION NOW UNDERWAY
Bob Prechter Quite Sure Next Wave Down Will Be Bigger
and March Lows Will Break Gerald Celente 2.5 Million Jobs Lost Since Obama’s
Presidency PAPER: Fresh alert on global
stock markets...
TO KEEP SUCKERS SUCKERED [ Insiders Continue to Sell, Sell, Sell (at Seeking Alpha –
8/13/09) (7-29-09) Insiders Selling at Alarming
Levels Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [Tarp banks award billions in bonuses... Goldman Sachs on pace for record bonuses: report
(Reuters) Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly Max Keiser: Prosecute the Bankster Crime Syndicate The Market's Horoscope:
Downside Correction ! [ Entering
the Greatest Depression in History Andrew Gavin
Marshall | The crisis has many bubbles, all of which dwarf the
housing bubble burst of 2008. Geithner asks
Congress for higher U.S. debt limit U.S.
regulators close 3 banks, total now 72 US deficit
climbs to 1.3 trillion dollars This Depression is
just beginning The Next Wave of Collapse is Coming Sooner than you think
Back in the Great Depression of 1929 through the 1930’s, we saw
a similar Zig-zag pattern. There was a crash in 1929, followed by a nice rally,
but then the most devastating part of the market collapse followed into the
1930’s. Feds Hit With Biggest Tax Revenue Drop Since
1932... The Great Depression Two Continues There is no coincident data which is
demonstrating this recession is over. Some may be at the bottom, others have a
way to go… An Artifical
Recovery [$$] Why I Went Fully Into
Cash Bob Prechter "Quite Sure" Next Wave Down
Will Be Bigger and March Lows Will Break A REALITY CHECK ON U.S. 'ECONOMIC
RECOVERY' Jeff Nielson - U.S. equities
are rallying again today, and (as usual) it is a rally with no basis in
reality. Most of the enthusiasm comes from another
string of corporate quarterly results which “beat expectations”. I had hoped
that the sheep were starting to clue-in to this silly game, however it appears
there is a still a large pack of Pavlov's Dogs out there – who respond to their
propaganda cues without a moment of actual thought. The truth is that all of
the companies “beating expectations” are still reporting steadily worse results
year-over-year – and in many cases, much worse results. Among the few
exceptions are U.S. financial corporations. However, since accounting-fraud was
legalized in the United States (see “FASB strong-armed into mark-to-fantasy accounting”),
their bottom-lines have had absolutely no connection to their business
operations… The
Real Economy Versus the Make-Believe World of the Government and Financial
Giants In the real economy, unemployment is at
Depression-era levels. Top firms' pension funds plummet Consumer bankruptcies jump 34%
Nine Of Ten Sectors Overbought This Depression is
just beginning US companies
axe 371,000 jobs in July Half of U.S.
mortgages seen underwater by 2011... Recovery ‘not in sight’ says BMW ] CONTINUED
FRAUD WITH PROGRAMMED SUCKERS’ RALLY DESPITE NEW RECORD FOR CONTINUING
UNEMPLOYMENT CLAIMS AT 6.3 MILLION AND AS I WARNED, WATCH FOR FAKE REPORTS IN
DESPERATION – AND LABOR DEPT. CAME THROUGH WITH FAKE REPORT AND NEW LIE BASED
UPON PEOPLE STOPPED LOOKING FOR JOBS SO THEIR RATE 9.4 BUT OBAMA SAYS 10% -
REALITY IS UNEMPLOYMENT RATE IS WELL OVER 10%, THEN AIG SOARS ON “PROFIT” WITH
$87 BILLION IN TAXPAYER FUNDS TO PLAY WITH
[ Max Keiser: Prosecute the Bankster Crime Syndicate Insiders Continue to Sell, Sell, Sell (at Seeking Alpha) PAPER: Fresh alert on global
stock markets... Retail sales fall, new jobless claims rise (Reuters) US
Home Foreclosures Set Another Record in July (7-29-09)
Insiders Selling at Alarming Levels …Although the level of insider selling is certainly
alarming it's important to note that the very low levels of buying are
particularly alarming. Insiders sell stock for many reasons, but they generally
only buy stock for one reason: they believe the stock is going up. Despite the
fact the media is reporting an end to the recession, a bottom in housing and a
trough in earnings we are seeing a vote of zero confidence from the people who
know these companies better than anyone else…
Entering
the Greatest Depression in History Andrew Gavin
Marshall | The crisis has many bubbles, all of which dwarf the
housing bubble burst of 2008. Geithner asks
Congress for higher U.S. debt limit U.S.
regulators close 3 banks, total now 72 US deficit climbs
to 1.3 trillion dollars Causes of This Depression Yet To Be Addressed Further impoverishment is on the way. More
and more will be laid off and they’ll be no new jobs available. Savings will be
exhausted and most homes that have been financed will be under water. Some banks paid bonuses bigger than income: o This Depression is
just beginning You read that right! Only $400 billion
of that fantastic 6 month “green shoots” stock market rally came from money
market accounts. The rest ($2.3 trillion) was laundered through the banks and
other financial institutions to create the appearance of recovery and to raise
equity for underwater banks rather than forcing them into receivership (which
is where they belong) Bernanke probably knew that congress wouldn’t approve another
TARP-type bailout for dodgy mortgage-backed assets, so he settled on this
shifty plan instead. The only problem is, the banks are still broke, business
investment is at historic lows, consumers are on the ropes, the unemployment
lines are swelling, the homeless shelters are bulging, the pawn shops are
bustling, tent cities are sprouting up everywhere, and according to
MarketWatch, Corporate insiders have recently been selling their companies’
shares at a greater pace than at any time since the top of the bull market in
the fall of 2007.” Face it; the economy is in the crapper and Bernanke’s
trickery hasn’t done a lick of good. The Next Wave of Collapse is Coming Sooner than you think
Back in the Great Depression of 1929 through the 1930’s, we saw
a similar Zig-zag pattern. There was a crash in 1929, followed by a nice rally,
but then the most devastating part of the market collapse followed into the
1930’s. Bob Prechter "Quite Sure" Next Wave Down
Will Be Bigger and March Lows Will Break The
Real Economy Versus the Make-Believe World of the Government and Financial
Giants In the real economy,
unemployment is at Depression-era levels.
Top firms' pension funds plummet Consumer bankruptcies jump 34%
Nine Of Ten Sectors Overbought This Depression is
just beginning Feds Hit With Biggest Tax Revenue Drop Since
1932... The Great Depression Two Continues There is no coincident data which is
demonstrating this recession is over. Some may be at the bottom, others have a
way to go… An
Artifical Recovery [$$] Why I Went Fully Into
Cash US
food stamp list tops 34 million for first time The
Banks Own the Fed, and the Central Banks Own BIS AIG
breakup nets Wall Street $1 billion bonanza: report ‘Underwater’
Mortgages to Hit 48%, Deutsche Bank Says Oil price hits $76, highest
since October...
US companies axe 371,000 jobs in July Half of U.S.
mortgages seen underwater by 2011... Recovery ‘not in sight’ says BMW Half of U.S.
mortgages seen underwater by 2011... Recovery ‘not in sight’ says BMW Recession Worse Than Prior Estimates, Revisions Show Bloomberg | The first 12 months of the U.S.
recession saw the economy shrink more than twice as much as previously
estimated, reflecting even bigger declines in consumer spending and housing,
revised figures showed.
DO YOU REALIZE HOW MANY SUCKERS’ RALLY POINTS WERE ADDED BY THE FAKE NUMBERS
CONTRIBUTING TO THIS NEW COMMISSIONING BUBBLE! REVISED: ECONOMY 2X WORSE...
The government plans big revisions to historical economic data...
Developing... Regulators shut banks in
Fla., NJ, Ohio, Okla... WASHINGTON (7-31-09) (AP) -- Regulators on Friday shut down banks in Florida, New
Jersey, Ohio, Oklahoma and Illinois, boosting to 69 the number of federally
insured banks to fail this year amid the pressures of the weak economy and
mounting loan defaults. PhD
Economist: Fed has Caused Soaring Unemployment, Millions of Foreclosures,
Millions Losing Life Savings and More than $6 Trillion in Lost Output DOLLAR DROPS TO '09 LOW...
Unemployment spreads distress in U.S. home loans Weak Treasury Auctions Raise Worries About Debt
Burden... [$$] Senate
Probes Banks for Meltdown Fraud (at The Wall Street Journal Online) Even Bernanke Admits this Could be Worse than the Great
Depression Senate probes Goldman,
Deutsche: report (Reuters)
The Real Unemployment Rate Hits a 68-Year High 2009 Looking More Like 1929 Dollar Falls to
2009 Low... U.S. Markets Decline After
Weaker Than Expected Data A REALITY CHECK ON U.S.
'ECONOMIC RECOVERY' Jeff Nielson - U.S.
equities are rallying again today, and (as usual) it is a rally with no basis
in reality. ] AND NOTHING REAL OR
POSITIVE AT ALL (IE., STILL NO PROSECUTIONS OF THE FRAUDS ON WALL STREET SO
JUST ANOTHER BUILT-IN COST BY CHURN-AND-EARN COMMISSIONS TO, DEFACTO TAX ON
NON-PERFORMING / DECLINING ECONOMY, DURABLE GOODS DOWN/FORECLOSURES UP,
CONFIDENCE REALISTICALLY DOWN, CORRUPT COMMERCE DEPARTMENT CHIMES IN WITH FAKE
NUMBERS, USED HOME SALES UP WITH DEFAULTS/ SHORT SALES, JOB LOSSES UP, BETTER
THAN EXPECTED MANTRA, GUIDANCE THAT DEFIES REALITY BY A LONG SHOT AS IN LAST
COMMISSIONABLE BUBBLE BUST, JOB/COST CUTS TO BONE, ETC.) ( Max Keiser: Prosecute the Bankster Crime Syndicate Max
Keiser: Goldman Sachs Are “Scum,” “Financial Terrorists” Bank profits not as impressive as they seem
when you take into account TARP funding, changed accounting rules to fudge
books, new stock issues, etc… um Cost
Of Bailout Hits A Whopping $24 Trillion Dollars Entering
the Greatest Depression in History Andrew Gavin
Marshall | The crisis has many bubbles, all of which dwarf the
housing bubble burst of 2008. Geithner asks
Congress for higher U.S. debt limit U.S.
regulators close 3 banks, total now 72 US deficit climbs
to 1.3 trillion dollars Stearns Crucifies Paulson On Bailout Bait And Switch
Fiscal ruin of the Western world beckons Foreign Embassies Urged to Stockpile Local Currencies
Bailout
Overseer Says Banks Misused TARP Funds Regulators shut banks in Calif., Ga. and SD ) TO KEEP
SUCKERS SUCKERED [ (7-29-09) Insiders Selling at Alarming
Levels Insiders Exit Shares at the
Fastest Pace in Two Years Bob Prechter "Quite Sure" Next Wave Down
Will Be Bigger and March Lows Will Break ] AND COMMISSION
DOLLARS FLOWING [Tarp banks award billions in bonuses... Goldman Sachs on pace for record bonuses: report
(Reuters) Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly Max Keiser: Prosecute the Bankster Crime Syndicate Corporate
Media Spotlights Distortion of Market by High Frequency Trading [$$] Big Pay
Packages Return to Wall Street as new fraud gains steam (at The Wall Street
Journal Online) Max Keiser: Goldman Sachs
gang are ’scum’ who have co-opted U.S. gov’t Max
Keiser: Goldman Sachs Are “Scum,” “Financial Terrorists” Max Keiser goes on the offensive during an
appearance on France 24 as he slams Goldman Sachs as “scum” and “financial
terrorists” who should be thrown in jail.
‘Printing
money will lead to serious problems down the road,’ says Jim Rogers Spitzer: Federal Reserve is ‘a
Ponzi scheme, an inside job’ 2009 Looking More
Like 1929 AIG
breakup nets Wall Street $1 billion bonanza: report ] BASED ON
CONTINUED BAD NEWS ( ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF
RECOVERY... Scams
And Bailouts The Cause of World Depression Insiders Continue to Sell, Sell, Sell (at Seeking Alpha
8/13/09) PAPER: Fresh alert on global
stock markets... Retail sales fall, new jobless claims rise (Reuters) US
Home Foreclosures Set Another Record in July (7-29-09) Insiders Selling at Alarming
Levels Entering
the Greatest Depression in History Andrew Gavin
Marshall | The crisis has many bubbles, all of which dwarf the
housing bubble burst of 2008. The
Market's Horoscope: Downside Correction Geithner asks
Congress for higher U.S. debt limit U.S.
regulators close 3 banks, total now 72 US deficit climbs
to 1.3 trillion dollars Causes of Depression Yet To Be Addressed Further impoverishment is on the way. More
and more will be laid off and they’ll be no new jobs available. Savings will be
exhausted and most homes that have been financed will be under water. Some banks paid bonuses bigger than income: o This Depression is
just beginning You read that right! Only $400 billion
of that fantastic 6 month “green shoots” stock market rally came from money
market accounts. The rest ($2.3 trillion) was laundered through the banks and
other financial institutions to create the appearance of recovery and to raise
equity for underwater banks rather than forcing them into receivership (which
is where they belong) Bernanke probably knew that congress wouldn’t approve
another TARP-type bailout for dodgy mortgage-backed assets, so he settled on
this shifty plan instead. The only problem is, the banks are still broke,
business investment is at historic lows, consumers are on the ropes, the
unemployment lines are swelling, the homeless shelters are bulging, the pawn
shops are bustling, tent cities are sprouting up everywhere, and according to
MarketWatch, Corporate insiders have recently been selling their companies’
shares at a greater pace than at any time since the top of the bull market in
the fall of 2007.” Face it; the economy is in the crapper and Bernanke’s
trickery hasn’t done a lick of good. The Next Wave of Collapse is Coming Sooner than you think
Back in the Great Depression of 1929 through the 1930’s, we saw
a similar Zig-zag pattern. There was a crash in 1929, followed by a nice rally,
but then the most devastating part of the market collapse followed into the
1930’s. Feds Hit With Biggest Tax Revenue Drop Since
1932... The Great Depression Two Continues There is no coincident data which is
demonstrating this recession is over. Some may be at the bottom, others have a
way to go… An
Artifical Recovery [$$] Why I Went Fully Into
Cash Bob Prechter "Quite Sure"
Next Wave Down Will Be Bigger and March Lows Will Break The
Real Economy Versus the Make-Believe World of the Government and Financial
Giants In the real economy, unemployment is at
Depression-era levels. US companies
axe 371,000 jobs in July Half of U.S. mortgages seen underwater by 2011...
Recovery ‘not in sight’ says BMW Top firms' pension funds plummet Consumer bankruptcies jump 34%
Nine Of Ten Sectors Overbought This Depression is
just beginning US
food stamp list tops 34 million for first time The
Banks Own the Fed, and the Central Banks Own BIS AIG
breakup nets Wall Street $1 billion bonanza: report ‘Underwater’
Mortgages to Hit 48%, Deutsche Bank Says Oil price hits $76, highest
since October...
US companies axe 371,000 jobs in July Half of U.S.
mortgages seen underwater by 2011... Recovery ‘not in sight’ says BMW Unemployment spreads distress in U.S. home loans Cities in the U.S. Sun Belt states of
California, Florida, Nevada and Arizona dominated the record foreclosure spree
in the first half of the year, but distress in other regions emerged as
joblessness spread, RealtyTrac said on Thursday. Recession
Worse Than Prior Estimates, Revisions Show Bloomberg | The
first 12 months of the U.S. recession saw the economy shrink more than twice as
much as previously estimated, reflecting even bigger declines in consumer
spending and housing, revised figures showed. Do you realize how many suckers’
rally points were added by the fake numbers contributing to this new
commissioning bubble! REVISED: ECONOMY 2X WORSE...
The government plans big revisions to historical economic
data... Developing... Regulators shut banks in
Fla., NJ, Ohio, Okla... WASHINGTON (AP) -- Regulators on Friday shut down banks in Florida, New
Jersey, Ohio, Oklahoma and Illinois, boosting to 69 the number of federally
insured banks to fail this year amid the pressures of the weak economy and
mounting loan defaults. PhD
Economist: Fed has Caused Soaring Unemployment, Millions of Foreclosures,
Millions Losing Life Savings and More than $6 Trillion in Lost Output DOLLAR DROPS TO '09 LOW... 75%
Favor Auditing The Fed Tarp banks
award billions in bonuses... The Real Unemployment Rate Hits a 68-Year High 2009 Looking More
Like 1929 Dollar Falls to
2009 Low... Six Georgia banks
fail, bringing year tally to 64.... Rally may cool on earnings reality check Dollar Falls to Near 2009 Low as Economy Pares Refuge
Demand Ben
Bernanke Was Wrong Wall
Street’s Love Affair with Ben Bernanke Mike Whitney | bernanke knows that the country is in a Depression
Scams
And Bailouts The Cause of World Depression New US weekly jobless claims jump Its Official: U.S. Trapped in an Extended Depressionary
Cycle MICROSOFT Profit Drops 29% as
PC Slowdown Weighs on Revenue… they haven’t availed themselves of the fake
assets/books legislation recently passed... AMAZON.COM Profit
Drops 10%... Bernanke:
“I Don’t Know” Which Foreign Banks Were Given Half a Trillion Paul Joseph Watson Grayson grills Fed chairman on destination of credit
swaps. Fed:
unemployment will top 10 percent this year... Foreclosures (those increased home
sales that has been fueling suckers’ rally)
rise 15 percent in first half of 2009 (7-17) Three more banks
fail, bringing 2009 tally to more than double all of 2008 at a total thus far
of 57 Lower Markets on the Horizon Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly The Ultimate Insider Trading Scheme Max Keiser: Goldman Sachs
gang are ’scum’ who have co-opted U.S. gov’t Cost
Of Bailout Hits A Whopping $24 Trillion Dollars Stearns Crucifies Paulson On Bailout Bait And Switch
Fiscal ruin of the Western world beckons Foreign Embassies Urged to Stockpile Local Currencies
Bailout
Overseer Says Banks Misused TARP Funds TARP watchdog says Treasury lacking bank data Goldman Sachs
caused the problems in the first
place… Who can deny that? Budget deficit tops $1 trillion for first time
(AP) CIT Watch: Analysts Says Debt Load Isn't the
Only Problem Geithner Refuses to Rule Out
Continuing Using American Taxpayer as Piggy Bank for Derivatives Losses
WHITE
HOUSE ECON ADVISER CLAIMS SUCCESS: FEWER PEOPLE SEARCHING 'ECONOMIC DEPRESSION'
ON GOOGLE BECAUSE EXPERIENCING IT FIRST-HAND THEY ALREADY KNOW WHAT ECONOMIC
DEPRESSION IS... What
Economy? There’s Nothing Left to Recover There is no economy left to recover. The US manufacturing economy
was lost to offshoring and free trade ideology. It was replaced by a mythical
“New Economy “ ; less bad, not as bad as expected…riiiiight!, tarp money
for the commission frauds on wall street in new manufactured bubble as
actual/real manufacturing down again; consumer confidence down,
commercial loans begin default phase of downturn, 6.9 million continuing
unemployment claims for new record; retail sales down sharply A REALITY CHECK ON U.S. 'ECONOMIC
RECOVERY' Jeff Nielson - U.S. equities
are rallying again today, and (as usual) it is a rally with no basis in
reality. Economist:
FDIC gearing up for bank closures Goldman Sachs Admits Its Software Can “Manipulate Markets
in Unfair Ways and fraudulently generate commissions /trade volume” Max Keiser: Goldman Sachs gang
are ’scum’ who have co-opted U.S. gov’t You Tube | Goldman Sachs are scum– that’s the bottom line.
They have co-opted the government, the Treasury Department and the Federal
Reserve’s functionality. They’ve co-opted the Obama administration & Barack
Obama dances to Goldman Sachs’ tune. True unemployment rate already at 20% This Depression
Will Last For Years Wyoming sees
first bank failure since 1991 China
criticizes dollar AIG Preparing to Pay New
Round of Bonuses... While Talking About Keynesian Stimulus, Feds Are Really
Just Giving Money to the Big Frauds
FDIC
Insurance Fund: It Doesn’t Actually Exist Replacing the dollar as reserve currency US loses 467,000 jobs, unemployment at 9.5% 'We're in the Middle of a Crash': Black Swan... Economic
Expectations – Unemployment Rate Will Reach 15% David Tice: We are going into a depression-15%
unemployment or more on horizon. U.S. consumers fall behind on loans at
record pace FBI: Mortgage
fraud 'rampant' and growing... Celente and Schiff
Predict Food Panic This Year. Watch clips HERE. Fema Camps Built. Wall Street hits 10-week low amid talk of new
stimulus (7-2)Seven more banks fail,
bringing 2009 tally to more than double all of 2008 at a total thus far of 52;
Private sector sheds another 473,000 jobs in June... US lurching towards ‘debt
explosion’ with long-term interest rates on course to double Jim Rogers Sells Dollars, Plans
to Short Treasuries ‘Sucker’s Rally Beginning To Unwind’ daaaah…? Calls grow to supplant dollar as global currency China officials
call for displacing dollar, in time Tracking Two
Depressions, 1929 and now this Mortgage applications fall to 7-month low... Private
sector sheds another 473,000 jobs in June... 'Layoffs may be worsening'... AIG shares drop
after 1-for-20 reverse-stock split (AP) Manhattan
apartment prices skid 13 to 19 percent Job
losses / job concerns realistically weigh on confidence, real estate
values/prices continue downward trend as per Case / Shiller Index (-18.1%, -21%
in california) Consumer confidence
suffers steep fall... Home prices post 18% annual
drop... Worldwide Depression: Review of Global Markets . Four banks
fail, bringing 2009 tally to 19 more than all of 2008 at a total thus far of 44 Dollar Falls Most in Month as China Urges New Reserve
Currency Gerald Celente speaks on Cap and Trade and other handicaps
to the US economy HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH
CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT ONE
PROSECUTION IN THE MOST RECENT MASSIVE
SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS
WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK
MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T),
CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH
THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD
IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE,
RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED
SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS
ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC!
… THAT MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS,
… NOT OUT OF THIN AIR! ] TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP
SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
A REALITY CHECK ON U.S. 'ECONOMIC RECOVERY' Jeff Nielson - U.S. equities are rallying
again today, and (as usual) it is a rally with no basis in reality. , personal
income up modest .2% and spending down, China calls for new reserve currency to
supplant worthless dollar Dollar
And Stocks Drop As China Calls For New Global Currency , continuing
unemployment claims at or near record 627,000, weekly unemployment claims up
15,000, and GDP contraction –5.5%, all worse than expected (lennar wider than
expected quarterly loss rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing words/b.s. from fed which
previously predicted no recession that economy still contracting but that the
contraction is somewhat slowing…what b**l s**t!…, analysts- buffet/economy in
shambles, Hogan/negative GDP growth and inflation owing to debasement of the
dollar as well as deficit spending/pump-priming in the trillions, joker
stein/economy a mess and continued job losses, new home sales down .6%; U.S. Home Prices Drop 6.8
Percent in April as Foreclosures Rise foreclosure sales
up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their
40th bank of the year , Next
Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9%
and big difference between not getting worse and getting better, market got
ahead of itself, stalled out, still depression/more job losses, higher oil-gas
prices / higher interest rates / heavy debt to pare down is 1-3 year drag on
economy, even if believed (I don’t) the labor dept. far better than expected
job numbers by increased debt (spending) to produce same is not economically
sound or sustainable, viz., record spending with record low revenues, rating
cuts for bank sector, analysts concur in significant 5-15% (reality says
15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down
1.1%, housing starts allegedly up but if believed will only increase the
plethora of unsold inventories, empire manufacturing index suffers unexpectedly
severe decline…daaaah!, credit dard defaults at record high, analysts concur
that fundamentals don’t support stock rally and that pac money(defacto bribes)
might derail any meaningful reform/regulation which is of concern to the frauds
on wall street who should be prosecuted, record loss of wealth, higher gas
prices, job losses, higher interest rates / yields, higher commodity prices,
higher deficits, hyperinflation, record continuing unemployment claims at 6.8 million,
worthless Weimar dollar crashing, money
supply exploding with hyperinflation/higher interest rates coming, budget
deficit at new highs and trade deficit worse than expected, analyst who called
crash says inflationary depression, banks passed stress tests only with the
help of fraudulent change in accounting rules, banks still insolvent, toxic
assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end
of year, Obama/bernanke continuing failed policies of bush greenspan, recommends
getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not
Over” 6/9/2009 A REALITY CHECK ON U.S.
'ECONOMIC RECOVERY' Jeff Nielson - U.S.
equities are rallying again today, and (as usual) it is a rally with no basis
in reality. Markets See a Breakdown in
Technical Support Levels Roubini: USA sees
double-dip recession... Jobless claims rise; GDP dips in 1Q Bernanke faces GOP-led (who are they kidding-bushies/paulsen
went so far as threaten martial law- prosecute now! They continue to allow the
wall street fraud and political theater doesn’t change their complicity) heat
on BofA-Merrill deal Fed Tried to Cover-up Its
Involvement in Bank of America-Merrill Deal U.S. Economy: Jobless Claims
Rise in Sign Labor Market Stagnant Dollar
drops on reserve currency doubts China sells US
bonds to ’show concern’ BRICs May Buy
Each Other’s Bonds in Shift From Dollar China’s holding of US bonds
drops first time in 11 months Russia to Raise Reserve
Currency Issue at BRIC International
Demand for Worthless U.S. Assets Slowed in April IMF says worst not over Senator cashed out during big
stock collapse -- after meeting with Fed, Treasury chiefs! America's AAA
downgrade danger...
Treasury
faces pressure on price of TARP exit A depression so deep even
teen shoppers scrimp US cities may have to be bulldozed in order to survive 1st quarter
wiped out $1.3 trillion for Americans Get Ready for Inflation and
Higher Interest Rates Oil prices near $73 as
energy rally continues Fed Would Be Shut Down If It
Were Audited Fed says
economy weak, but sees signs the slide increasing Mounting
deficits spark jitters about U.S. economy Wall Street falls as
realities dent recovery hopes
Bonds fall on
worries about government's debt load (AP) Oil prices
strike new high for 2009 (AP) The depression quietly deepens
CHINA
AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes,
We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake government job loss report near 40%
better than private forecasts…I don’t think so!…9.4% unemployment rate…try well
over 10% and with stopped looking included over 20% , Jim
Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now China explores
buying $50bn in IMF bonds US retailers
report May sales declines Tiny
Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector
job losses/factory orders worse than expected, new record continuing
unemployment claims, bernanke spend more money you don’t have but cut
debilitating deficit…riiiiight…sounds like a plan with more job losses to come,
etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As
the Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD
$63.8 TRILLION... The Big Collapse
Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will now
own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record
decline in real estate prices, $80+ oil
coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
, world economy to shrink by worse than
previously predicted 2.9% and big difference between not getting worse and
getting better, leading
indicators up far more than expected … bull s**t …based in large part on
inflated stock price component … more bull s**t … new
reform with same old frauds say increased capital requirements and oversight of
the overseers/rating agencies (riiiiight!…same old,same old - already have but
no will to enforce existing laws, etc.), analyst who called crash says
inflationary depression, banks passed stress tests only with the help of fraudulent
change in accounting rules, banks still insolvent, toxic assets even more
toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets Insiders Exit Shares at the
Fastest Pace in Two Years BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... The Next Bubble Is Here. Have You Bought In? Here
we go again! Barney Frank asks FANNIE and FREDDIE to relax Mortgage lending
rules... Fed Tried to Cover-up Its Involvement in Bank of America-Merrill
Deal Dollar
And Stocks Drop As China Calls For New Global Currency Citigroup
Ordered to Suspend Some Operations in Japan Bernanke
Grilling May Weaken Case for Fed as Risk Regulator Citi boosting salaries to offset lower bonuses,
allegedly to retain the clowns who helped make them taxpayer dependant and
cause the current debacle; how ‘bout firing them instead and offering
opportunity to the new, particularly non-ivy league vegetable garden grads [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. Home Prices Drop 6.8 Percent
in April as Foreclosures Rise [$$] Red Roof Inn Defaults on Mortgage Debt (at The
Wall Street Journal Online)
MySpace to cut two-thirds of global
workforce GM to cut 4,000 more white-collar jobs
by year end Oracle tops forecasts despite sales,
profit dip; stated another way, bad news will be shilled as good news (AP) California
Collapsing Bankster “Holiday” Planned for
September? Recession Sparking Global Unrest
Is Your Portfolio Ready for the Next
Leg Down? S&P turns negative for year in
broad sell-off (Reuters) Goldman Sachs on pace for record bonuses: report
(Reuters) Numbers On Welfare See Sharp
Increase Top Insiders Playing You For A
Sucker? The death of the dollar. Who
could deny it? Stanford indicted in
massive U.S. fraud case which is small potatoes compared to ubiquitously
massive wall street securities fraud which caused the ongoing financial debacle Venture
Capital Bubble Set to Burst, Kedrosky Says Obama Plans to Cut Bank
Regulators, Allow Fed to Supervise Financial Holding Companies – The old fox
guarding the henhouse tricks Federal Reserve unwisely to
gain power under plan Federal Reserve Foolishly
To
Be Given Sweeping New Powers Yen Strengthens Most in Month
as Asian Stocks Drop, Gold Gains RUSSIA
CHALLENGES WORTHLESS DOLLAR... AIG says former
top exec plundered retirement plan [video] The Too-Big-to-Fail
Problem [6.8 min] (at MarketWatch) [$$] Too Big to
Solve? (at The Wall Street Journal Online) Buy and Hold Is
Dead. Long Live Buy and Hold! Financial Bailout Plan Keeps
Zombie Banks Alive Bernanke then as now in denial
about looming crisis 2005-2007 Retail sales,
drop in jobless claims to a very high even if believed 601,000 yielding record
continuing claims of 6.8 million fuel hope…if you’re a dope Lawmakers
blast Fed, Treasury for BofA "threats" Oil climbs over $73 on
hopes for rising demand U.S. Household
Worth Fell by $1.3 Trillion in First Quarter Predictions of $250
a barrel on oil ECB Fears Reality
of Banking Crisis in 2010: Report Get Ready for Inflation and
Higher Interest Rates Bill To Audit Federal Reserve
Now Has 209 Co-Sponsors Russia May Swap Some U.S.
Treasuries for IMF Debt Fed report shows losses on Bear Stearns, AIG holdings Congress subpoenas the Fed ... Finally!
(AP) Brazil in recession, recovery unlikely this year What a “Jobless Recovery”
Really Means: A Massive Redistribution of Wealth from the Little Guy to the Big
Boys Obama
Tells American Businesses to Drop Dead America’s Fed Addiction “87
Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are Unsafe” Fed Said to
Retreat From Seeking Power to Sell Its Own Debt/Bills WIRE:
Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory
Loss
Obama’s economic model versus
reality Reality
bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government
reports better than private estimates…riiiiight! President
of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now Benefit spending
soars to new high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC:
OIL COULD REACH $90... ----- Existing home
foreclosure sales up, and no profit discount car sales better than
expected Diluting like crazy through new stock
bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
(8-18-09)
Dow
9,217 +82 To stamp out fraud, no change from suckers’ rally worth
reporting for second, third, fourth weeks of March and April -436 for the first week of March -12% for the month of February -8.8% (-775) for the
month of January -1% for fourth week of
January -2.5% for third week of January -4% for second week of January -5% for first full week of
January -34% for the year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1955+25 To stamp out fraud, no change from
suckers’ rally worth reporting for second, third, fourth weeks of March and April -84 for
the first week of March -7% for the month of
February -6.4% (-101) for the month of
January -1% for fourth week of January
-3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P
500 989 +9 To stamp out fraud, no change from suckers’ rally worth
reporting for second, third, fourth weeks of March and April -52 for
the first week of March -11% for the month of
February -8.6%
(-75) for the month of January -1% for
fourth week of January -2.3% for third week of
January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $69.33
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.74 (reg. gas in LAND
OF FRUITS AND NUTS $3.05 REG./ $3.16
MID-GRADE/ $3.25 PREM./ $2.93 DIESEL)/
GOLD $938 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $13.96
PLATINUM $1,225 / DOLLAR= .69 EURO, 94 YEN, .59 POUND STERLING, ETC. (How low
can you go - LOWER)/ 10 YR NOTE YIELD 3.51% …..… AP Business Highlights … ...Yahoo Market Update... ]
YAHOO - BRIEFING.COM Weekly Recap Trendsresearch.com forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Must Read
Economic/Financial Data This Depression is
just beginning The Next Wave of Collapse is Coming Sooner than you think
ABSOLUTELY,
ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN IN THIS UNIQUELY
PREPOSTEROUS AND FRAUDULENT ENVIRONMENT AS SUCKERS’ RALLY INTO THE CLOSE IN
DEFIANCE OF REALITY BASED ON CONTINUED
BAD NEWS [INSIDERS ARE DUMPING STOCK INSIDERS CONTINUE TO SELL, SELL, SELL (AT
SEEKING ALPHA 8/13/09) PAPER: FRESH ALERT ON GLOBAL
STOCK MARKETS... THE
SECOND WAVE OF THE DEPRESSION: HYPERINFLATION IS LIKELY THE FDIC IS BROKE. NOW WHAT? (PART II) DOLLAR TO DECLINE AMID
CONCERN AS IT 'LOSES RESERVE STATUS'... JOBLESS
SPIKE COMPOUNDS FORECLOSURE CRISIS STOCKS
SLIDE ON ECONOMY CONCERN WORLD STOCKS, OIL TUMBLE ON U.S. FRAUD EXPOSURE AND CONSUMER
WORRIES Connecticut
Not Learning the Right Lessons from California Weekly Market Outlook: Commercial Real Estate Continues to
Deteriorate Retail sales fall, new jobless claims rise
(Reuters) US
Home Foreclosures Set Another Record in July Colonial BancGroup shut down by
federal officials (largest bank failure this year) (AP) Economist:
Claim that Economy Has Recovered “Is Like Somebody Borrowing Money from Their
Uncle and Then Celebrating that Their Income Has Gone Up” ]
PERSONAL & BUSINESS BANKRUPTCIES UP, WORTHLESS WEIMAR DOLLAR DOWN,
FORECLOSURES UP (32% YOY AND 7% MOM AT NEW RECORD, 50% HOMES UNDERWATER,
COMMERCIAL TO FOLLOW), CONFIDENCE REALISTICALLY DOWN, $100+ OIL AROUND CORNER
(2010-HOGAN); CELENTE-DEPRESSION NOW UNDERWAY
Bob Prechter Quite Sure Next Wave Down Will Be Bigger
and March Lows Will Break Gerald Celente 2.5 Million Jobs Lost Since Obama’s
Presidency PAPER: Fresh alert on global
stock markets...
TO KEEP SUCKERS SUCKERED [ Insiders Continue to Sell, Sell, Sell (at Seeking Alpha –
8/13/09) (7-29-09) Insiders Selling at Alarming
Levels Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [Tarp banks award billions in bonuses... Goldman Sachs on pace for record bonuses: report
(Reuters) Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly Max Keiser: Prosecute the Bankster Crime Syndicate The Market's Horoscope: Downside
Correction ! [ Entering
the Greatest Depression in History Andrew Gavin
Marshall | The crisis has many bubbles, all of which dwarf the
housing bubble burst of 2008. Geithner asks
Congress for higher U.S. debt limit U.S.
regulators close 3 banks, total now 72 US deficit
climbs to 1.3 trillion dollars This Depression is
just beginning The Next Wave of Collapse is Coming Sooner than you think
Back in the Great Depression of 1929 through the 1930’s, we saw
a similar Zig-zag pattern. There was a crash in 1929, followed by a nice rally,
but then the most devastating part of the market collapse followed into the
1930’s. Feds Hit With Biggest Tax Revenue Drop Since
1932... The Great Depression Two Continues There is no coincident data which is
demonstrating this recession is over. Some may be at the bottom, others have a
way to go… An Artifical
Recovery [$$] Why I Went Fully Into
Cash Bob Prechter "Quite Sure" Next Wave Down
Will Be Bigger and March Lows Will Break A REALITY CHECK ON U.S. 'ECONOMIC
RECOVERY' Jeff Nielson - U.S. equities
are rallying again today, and (as usual) it is a rally with no basis in
reality. Most of the enthusiasm comes from another
string of corporate quarterly results which “beat expectations”. I had hoped
that the sheep were starting to clue-in to this silly game, however it appears
there is a still a large pack of Pavlov's Dogs out there – who respond to their
propaganda cues without a moment of actual thought. The truth is that all of
the companies “beating expectations” are still reporting steadily worse results
year-over-year – and in many cases, much worse results. Among the few
exceptions are U.S. financial corporations. However, since accounting-fraud was
legalized in the United States (see “FASB strong-armed into mark-to-fantasy accounting”),
their bottom-lines have had absolutely no connection to their business
operations… The
Real Economy Versus the Make-Believe World of the Government and Financial
Giants In the real economy, unemployment is at
Depression-era levels. Top firms' pension funds plummet Consumer bankruptcies jump 34%
Nine Of Ten Sectors Overbought This Depression is
just beginning US companies
axe 371,000 jobs in July Half of U.S.
mortgages seen underwater by 2011... Recovery ‘not in sight’ says BMW ] CONTINUED
FRAUD WITH PROGRAMMED SUCKERS’ RALLY DESPITE NEW RECORD FOR CONTINUING
UNEMPLOYMENT CLAIMS AT 6.3 MILLION AND AS I WARNED, WATCH FOR FAKE REPORTS IN
DESPERATION – AND LABOR DEPT. CAME THROUGH WITH FAKE REPORT AND NEW LIE BASED
UPON PEOPLE STOPPED LOOKING FOR JOBS SO THEIR RATE 9.4 BUT OBAMA SAYS 10% -
REALITY IS UNEMPLOYMENT RATE IS WELL OVER 10%, THEN AIG SOARS ON “PROFIT” WITH
$87 BILLION IN TAXPAYER FUNDS TO PLAY WITH
[ Max Keiser: Prosecute the Bankster Crime Syndicate Insiders Continue to Sell, Sell, Sell (at Seeking Alpha) PAPER: Fresh alert on global
stock markets... Retail sales fall, new jobless claims rise (Reuters) US
Home Foreclosures Set Another Record in July (7-29-09)
Insiders Selling at Alarming Levels …Although the level of insider selling is certainly
alarming it's important to note that the very low levels of buying are
particularly alarming. Insiders sell stock for many reasons, but they generally
only buy stock for one reason: they believe the stock is going up. Despite the fact
the media is reporting an end to the recession, a bottom in housing and a
trough in earnings we are seeing a vote of zero confidence from the people who
know these companies better than anyone else…
Entering
the Greatest Depression in History Andrew Gavin
Marshall | The crisis has many bubbles, all of which dwarf the
housing bubble burst of 2008. Geithner asks
Congress for higher U.S. debt limit U.S.
regulators close 3 banks, total now 72 US deficit climbs
to 1.3 trillion dollars Causes of This Depression Yet To Be Addressed Further impoverishment is on the way. More
and more will be laid off and they’ll be no new jobs available. Savings will be
exhausted and most homes that have been financed will be under water. Some banks paid bonuses bigger than income: o This Depression is
just beginning You read that right! Only $400 billion
of that fantastic 6 month “green shoots” stock market rally came from money
market accounts. The rest ($2.3 trillion) was laundered through the banks and
other financial institutions to create the appearance of recovery and to raise
equity for underwater banks rather than forcing them into receivership (which
is where they belong) Bernanke probably knew that congress wouldn’t approve
another TARP-type bailout for dodgy mortgage-backed assets, so he settled on
this shifty plan instead. The only problem is, the banks are still broke,
business investment is at historic lows, consumers are on the ropes, the
unemployment lines are swelling, the homeless shelters are bulging, the pawn
shops are bustling, tent cities are sprouting up everywhere, and according to
MarketWatch, Corporate insiders have recently been selling their companies’
shares at a greater pace than at any time since the top of the bull market in
the fall of 2007.” Face it; the economy is in the crapper and Bernanke’s
trickery hasn’t done a lick of good. The Next Wave of Collapse is Coming Sooner than you think
Back in the Great Depression of 1929 through the 1930’s, we saw
a similar Zig-zag pattern. There was a crash in 1929, followed by a nice rally,
but then the most devastating part of the market collapse followed into the
1930’s. Bob Prechter "Quite Sure" Next Wave Down
Will Be Bigger and March Lows Will Break The
Real Economy Versus the Make-Believe World of the Government and Financial
Giants In the real economy,
unemployment is at Depression-era levels.
Top firms' pension funds plummet Consumer bankruptcies jump 34%
Nine Of Ten Sectors Overbought This Depression is
just beginning Feds Hit With Biggest Tax Revenue Drop Since
1932... The Great Depression Two Continues There is no coincident data which is
demonstrating this recession is over. Some may be at the bottom, others have a
way to go… An
Artifical Recovery [$$] Why I Went Fully Into
Cash US
food stamp list tops 34 million for first time The
Banks Own the Fed, and the Central Banks Own BIS AIG
breakup nets Wall Street $1 billion bonanza: report ‘Underwater’
Mortgages to Hit 48%, Deutsche Bank Says Oil price hits $76, highest
since October...
US companies axe 371,000 jobs in July Half of U.S.
mortgages seen underwater by 2011... Recovery ‘not in sight’ says BMW Half of U.S.
mortgages seen underwater by 2011... Recovery ‘not in sight’ says BMW Recession Worse Than Prior Estimates, Revisions Show Bloomberg | The first 12 months of the U.S.
recession saw the economy shrink more than twice as much as previously estimated,
reflecting even bigger declines in consumer spending and housing, revised
figures showed. DO YOU
REALIZE HOW MANY SUCKERS’ RALLY POINTS WERE ADDED BY THE FAKE NUMBERS
CONTRIBUTING TO THIS NEW COMMISSIONING BUBBLE! REVISED: ECONOMY 2X WORSE...
The government plans big revisions to historical economic
data... Developing... Regulators shut banks in
Fla., NJ, Ohio, Okla... WASHINGTON (7-31-09) (AP) -- Regulators on Friday shut down banks in Florida, New
Jersey, Ohio, Oklahoma and Illinois, boosting to 69 the number of federally
insured banks to fail this year amid the pressures of the weak economy and
mounting loan defaults. PhD
Economist: Fed has Caused Soaring Unemployment, Millions of Foreclosures,
Millions Losing Life Savings and More than $6 Trillion in Lost Output DOLLAR DROPS TO '09 LOW...
Unemployment spreads distress in U.S. home loans Weak Treasury Auctions Raise Worries About Debt
Burden... [$$] Senate
Probes Banks for Meltdown Fraud (at The Wall Street Journal Online) Even Bernanke Admits this Could be Worse than the Great
Depression Senate probes Goldman,
Deutsche: report (Reuters)
The Real Unemployment Rate Hits a 68-Year High 2009 Looking More Like 1929 Dollar Falls to
2009 Low... U.S. Markets Decline After
Weaker Than Expected Data A REALITY CHECK ON U.S.
'ECONOMIC RECOVERY' Jeff Nielson - U.S.
equities are rallying again today, and (as usual) it is a rally with no basis
in reality. ] AND NOTHING REAL OR
POSITIVE AT ALL (IE., STILL NO PROSECUTIONS OF THE FRAUDS ON WALL STREET SO
JUST ANOTHER BUILT-IN COST BY CHURN-AND-EARN COMMISSIONS TO, DEFACTO TAX ON
NON-PERFORMING / DECLINING ECONOMY, DURABLE GOODS DOWN/FORECLOSURES UP,
CONFIDENCE REALISTICALLY DOWN, CORRUPT COMMERCE DEPARTMENT CHIMES IN WITH FAKE
NUMBERS, USED HOME SALES UP WITH DEFAULTS/ SHORT SALES, JOB LOSSES UP, BETTER
THAN EXPECTED MANTRA, GUIDANCE THAT DEFIES REALITY BY A LONG SHOT AS IN LAST
COMMISSIONABLE BUBBLE BUST, JOB/COST CUTS TO BONE, ETC.) ( Max Keiser: Prosecute the Bankster Crime Syndicate Max
Keiser: Goldman Sachs Are “Scum,” “Financial Terrorists” Bank profits not as impressive as they seem
when you take into account TARP funding, changed accounting rules to fudge
books, new stock issues, etc… um Cost
Of Bailout Hits A Whopping $24 Trillion Dollars Entering
the Greatest Depression in History Andrew Gavin
Marshall | The crisis has many bubbles, all of which dwarf the
housing bubble burst of 2008. Geithner asks
Congress for higher U.S. debt limit U.S.
regulators close 3 banks, total now 72 US deficit climbs
to 1.3 trillion dollars Stearns Crucifies Paulson On Bailout Bait And Switch
Fiscal ruin of the Western world beckons Foreign Embassies Urged to Stockpile Local Currencies
Bailout
Overseer Says Banks Misused TARP Funds Regulators shut banks in Calif., Ga. and SD ) TO KEEP
SUCKERS SUCKERED [ (7-29-09) Insiders Selling at Alarming
Levels Insiders Exit Shares at the
Fastest Pace in Two Years Bob Prechter "Quite Sure" Next Wave Down
Will Be Bigger and March Lows Will Break ] AND COMMISSION
DOLLARS FLOWING [Tarp banks award billions in bonuses... Goldman Sachs on pace for record bonuses: report
(Reuters) Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly Max Keiser: Prosecute the Bankster Crime Syndicate Corporate
Media Spotlights Distortion of Market by High Frequency Trading [$$] Big Pay
Packages Return to Wall Street as new fraud gains steam (at The Wall Street
Journal Online) Max Keiser: Goldman Sachs gang
are ’scum’ who have co-opted U.S. gov’t Max
Keiser: Goldman Sachs Are “Scum,” “Financial Terrorists” Max Keiser goes on the offensive during an
appearance on France 24 as he slams Goldman Sachs as “scum” and “financial
terrorists” who should be thrown in jail.
‘Printing
money will lead to serious problems down the road,’ says Jim Rogers Spitzer: Federal Reserve is ‘a
Ponzi scheme, an inside job’ 2009 Looking More
Like 1929 AIG
breakup nets Wall Street $1 billion bonanza: report ] BASED ON
CONTINUED BAD NEWS ( ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF
RECOVERY... Scams
And Bailouts The Cause of World Depression Insiders Continue to Sell, Sell, Sell (at Seeking Alpha
8/13/09) PAPER: Fresh alert on global
stock markets... Retail sales fall, new jobless claims rise (Reuters) US
Home Foreclosures Set Another Record in July (7-29-09) Insiders Selling at Alarming
Levels Entering
the Greatest Depression in History Andrew Gavin
Marshall | The crisis has many bubbles, all of which dwarf the
housing bubble burst of 2008. The
Market's Horoscope: Downside Correction Geithner asks
Congress for higher U.S. debt limit U.S.
regulators close 3 banks, total now 72 US deficit climbs
to 1.3 trillion dollars Causes of Depression Yet To Be Addressed Further impoverishment is on the way. More
and more will be laid off and they’ll be no new jobs available. Savings will be
exhausted and most homes that have been financed will be under water. Some banks paid bonuses bigger than income: o This Depression is
just beginning You read that right! Only $400 billion
of that fantastic 6 month “green shoots” stock market rally came from money
market accounts. The rest ($2.3 trillion) was laundered through the banks and
other financial institutions to create the appearance of recovery and to raise
equity for underwater banks rather than forcing them into receivership (which
is where they belong) Bernanke probably knew that congress wouldn’t approve
another TARP-type bailout for dodgy mortgage-backed assets, so he settled on
this shifty plan instead. The only problem is, the banks are still broke,
business investment is at historic lows, consumers are on the ropes, the
unemployment lines are swelling, the homeless shelters are bulging, the pawn
shops are bustling, tent cities are sprouting up everywhere, and according to
MarketWatch, Corporate insiders have recently been selling their companies’
shares at a greater pace than at any time since the top of the bull market in
the fall of 2007.” Face it; the economy is in the crapper and Bernanke’s
trickery hasn’t done a lick of good. The Next Wave of Collapse is Coming Sooner than you think
Back in the Great Depression of 1929 through the 1930’s, we saw
a similar Zig-zag pattern. There was a crash in 1929, followed by a nice rally,
but then the most devastating part of the market collapse followed into the
1930’s. Feds Hit With Biggest Tax Revenue Drop Since
1932... The Great Depression Two Continues There is no coincident data which is
demonstrating this recession is over. Some may be at the bottom, others have a
way to go… An
Artifical Recovery [$$] Why I Went Fully Into Cash
Bob Prechter "Quite Sure"
Next Wave Down Will Be Bigger and March Lows Will Break The
Real Economy Versus the Make-Believe World of the Government and Financial
Giants In the real economy, unemployment is at
Depression-era levels. US companies
axe 371,000 jobs in July Half of U.S. mortgages seen underwater by 2011...
Recovery ‘not in sight’ says BMW Top firms' pension funds plummet Consumer bankruptcies jump 34%
Nine Of Ten Sectors Overbought This Depression is
just beginning US
food stamp list tops 34 million for first time The
Banks Own the Fed, and the Central Banks Own BIS AIG
breakup nets Wall Street $1 billion bonanza: report ‘Underwater’
Mortgages to Hit 48%, Deutsche Bank Says Oil price hits $76, highest
since October...
US companies axe 371,000 jobs in July Half of U.S.
mortgages seen underwater by 2011... Recovery ‘not in sight’ says BMW Unemployment spreads distress in U.S. home loans Cities in the U.S. Sun Belt states of
California, Florida, Nevada and Arizona dominated the record foreclosure spree
in the first half of the year, but distress in other regions emerged as
joblessness spread, RealtyTrac said on Thursday. Recession
Worse Than Prior Estimates, Revisions Show Bloomberg | The
first 12 months of the U.S. recession saw the economy shrink more than twice as
much as previously estimated, reflecting even bigger declines in consumer
spending and housing, revised figures showed. Do you realize how many suckers’
rally points were added by the fake numbers contributing to this new
commissioning bubble! REVISED: ECONOMY 2X WORSE...
The government plans big revisions to historical economic
data... Developing... Regulators shut banks in
Fla., NJ, Ohio, Okla... WASHINGTON (AP) -- Regulators on Friday shut down banks in Florida, New
Jersey, Ohio, Oklahoma and Illinois, boosting to 69 the number of federally
insured banks to fail this year amid the pressures of the weak economy and
mounting loan defaults. PhD
Economist: Fed has Caused Soaring Unemployment, Millions of Foreclosures,
Millions Losing Life Savings and More than $6 Trillion in Lost Output DOLLAR DROPS TO '09 LOW... 75%
Favor Auditing The Fed Tarp banks
award billions in bonuses... The Real Unemployment Rate Hits a 68-Year High 2009 Looking More Like 1929 Dollar Falls to
2009 Low... Six Georgia banks
fail, bringing year tally to 64.... Rally may cool on earnings reality check Dollar Falls to Near 2009 Low as Economy Pares Refuge
Demand Ben
Bernanke Was Wrong Wall
Street’s Love Affair with Ben Bernanke Mike Whitney | bernanke knows that the country is in a Depression
Scams
And Bailouts The Cause of World Depression New US weekly jobless claims jump Its Official: U.S. Trapped in an Extended Depressionary
Cycle MICROSOFT Profit Drops 29% as
PC Slowdown Weighs on Revenue… they haven’t availed themselves of the fake
assets/books legislation recently passed... AMAZON.COM Profit
Drops 10%... Bernanke:
“I Don’t Know” Which Foreign Banks Were Given Half a Trillion Paul Joseph Watson Grayson grills Fed chairman on destination of credit
swaps. Fed:
unemployment will top 10 percent this year... Foreclosures (those increased home
sales that has been fueling suckers’ rally)
rise 15 percent in first half of 2009 (7-17) Three more banks
fail, bringing 2009 tally to more than double all of 2008 at a total thus far
of 57 Lower Markets on the Horizon Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly The Ultimate Insider Trading Scheme Max Keiser: Goldman Sachs
gang are ’scum’ who have co-opted U.S. gov’t Cost
Of Bailout Hits A Whopping $24 Trillion Dollars Stearns Crucifies Paulson On Bailout Bait And Switch
Fiscal ruin of the Western world beckons Foreign Embassies Urged to Stockpile Local Currencies
Bailout
Overseer Says Banks Misused TARP Funds TARP watchdog says Treasury lacking bank data Goldman Sachs
caused the problems in the first
place… Who can deny that? Budget deficit tops $1 trillion for first time
(AP) CIT Watch: Analysts Says Debt Load Isn't the
Only Problem Geithner Refuses to Rule Out
Continuing Using American Taxpayer as Piggy Bank for Derivatives Losses
WHITE
HOUSE ECON ADVISER CLAIMS SUCCESS: FEWER PEOPLE SEARCHING 'ECONOMIC DEPRESSION'
ON GOOGLE BECAUSE EXPERIENCING IT FIRST-HAND THEY ALREADY KNOW WHAT ECONOMIC
DEPRESSION IS... What
Economy? There’s Nothing Left to Recover There is no economy left to recover. The US manufacturing economy
was lost to offshoring and free trade ideology. It was replaced by a mythical
“New Economy “ ; less bad, not as bad as expected…riiiiight!, tarp money
for the commission frauds on wall street in new manufactured bubble as
actual/real manufacturing down again; consumer confidence down,
commercial loans begin default phase of downturn, 6.9 million continuing
unemployment claims for new record; retail sales down sharply A REALITY CHECK ON U.S. 'ECONOMIC
RECOVERY' Jeff Nielson - U.S. equities
are rallying again today, and (as usual) it is a rally with no basis in
reality. Economist:
FDIC gearing up for bank closures Goldman Sachs Admits Its Software Can “Manipulate Markets
in Unfair Ways and fraudulently generate commissions /trade volume” Max Keiser: Goldman Sachs gang
are ’scum’ who have co-opted U.S. gov’t You Tube | Goldman Sachs are scum– that’s the bottom line.
They have co-opted the government, the Treasury Department and the Federal
Reserve’s functionality. They’ve co-opted the Obama administration & Barack
Obama dances to Goldman Sachs’ tune. True unemployment rate already at 20% This Depression
Will Last For Years Wyoming sees
first bank failure since 1991 China
criticizes dollar AIG Preparing to Pay New
Round of Bonuses... While Talking About Keynesian Stimulus, Feds Are Really
Just Giving Money to the Big Frauds
FDIC
Insurance Fund: It Doesn’t Actually Exist Replacing the dollar as reserve currency US loses 467,000 jobs, unemployment at 9.5% 'We're in the Middle of a Crash': Black Swan... Economic
Expectations – Unemployment Rate Will Reach 15% David Tice: We are going into a depression-15%
unemployment or more on horizon. U.S. consumers fall behind on loans at
record pace FBI: Mortgage
fraud 'rampant' and growing... Celente and Schiff
Predict Food Panic This Year. Watch clips HERE. Fema Camps Built. Wall Street hits 10-week low amid talk of new
stimulus (7-2)Seven more banks fail,
bringing 2009 tally to more than double all of 2008 at a total thus far of 52;
Private sector sheds another 473,000 jobs in June... US lurching towards ‘debt
explosion’ with long-term interest rates on course to double Jim Rogers Sells Dollars, Plans
to Short Treasuries ‘Sucker’s Rally Beginning To Unwind’ daaaah…? Calls grow to supplant dollar as global currency China officials
call for displacing dollar, in time Tracking Two
Depressions, 1929 and now this Mortgage applications fall to 7-month low... Private
sector sheds another 473,000 jobs in June... 'Layoffs may be worsening'... AIG shares drop
after 1-for-20 reverse-stock split (AP) Manhattan
apartment prices skid 13 to 19 percent Job
losses / job concerns realistically weigh on confidence, real estate
values/prices continue downward trend as per Case / Shiller Index (-18.1%, -21%
in california) Consumer
confidence suffers steep fall... Home prices post 18% annual
drop... Worldwide Depression: Review of Global Markets . Four banks
fail, bringing 2009 tally to 19 more than all of 2008 at a total thus far of 44 Dollar Falls Most in Month as China Urges New Reserve
Currency Gerald Celente speaks on Cap and Trade and other handicaps
to the US economy HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH
CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT ONE
PROSECUTION IN THE MOST RECENT MASSIVE
SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS
WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK
MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T),
CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH
THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD
IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE,
RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED SECURITIES
/PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS ARE GETTING
LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC! … THAT
MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS, … NOT
OUT OF THIN AIR! ] TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP SUCKERS
SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
A REALITY CHECK ON U.S. 'ECONOMIC
RECOVERY' Jeff Nielson - U.S. equities
are rallying again today, and (as usual) it is a rally with no basis in reality.
, personal
income up modest .2% and spending down, China calls for new reserve currency to
supplant worthless dollar Dollar
And Stocks Drop As China Calls For New Global Currency , continuing
unemployment claims at or near record 627,000, weekly unemployment claims up
15,000, and GDP contraction –5.5%, all worse than expected (lennar wider than
expected quarterly loss rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing words/b.s. from fed which previously
predicted no recession that economy still contracting but that the contraction
is somewhat slowing…what b**l s**t!…, analysts- buffet/economy in shambles,
Hogan/negative GDP growth and inflation owing to debasement of the dollar as
well as deficit spending/pump-priming in the trillions, joker stein/economy a
mess and continued job losses, new home sales down .6%; U.S. Home Prices Drop 6.8
Percent in April as Foreclosures Rise foreclosure sales
up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their
40th bank of the year , Next
Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9%
and big difference between not getting worse and getting better, market got
ahead of itself, stalled out, still depression/more job losses, higher oil-gas
prices / higher interest rates / heavy debt to pare down is 1-3 year drag on
economy, even if believed (I don’t) the labor dept. far better than expected
job numbers by increased debt (spending) to produce same is not economically
sound or sustainable, viz., record spending with record low revenues, rating
cuts for bank sector, analysts concur in significant 5-15% (reality says
15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down
1.1%, housing starts allegedly up but if believed will only increase the
plethora of unsold inventories, empire manufacturing index suffers unexpectedly
severe decline…daaaah!, credit dard defaults at record high, analysts concur
that fundamentals don’t support stock rally and that pac money(defacto bribes)
might derail any meaningful reform/regulation which is of concern to the frauds
on wall street who should be prosecuted, record loss of wealth, higher gas
prices, job losses, higher interest rates / yields, higher commodity prices,
higher deficits, hyperinflation, record continuing unemployment claims at 6.8
million, worthless Weimar dollar crashing,
money supply exploding with hyperinflation/higher interest rates coming,
budget deficit at new highs and trade deficit worse than expected, analyst who
called crash says inflationary depression, banks passed stress tests only with
the help of fraudulent change in accounting rules, banks still insolvent, toxic
assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end
of year, Obama/bernanke continuing failed policies of bush greenspan,
recommends getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not
Over” 6/9/2009 A REALITY CHECK ON U.S.
'ECONOMIC RECOVERY' Jeff Nielson - U.S.
equities are rallying again today, and (as usual) it is a rally with no basis
in reality. Markets See a Breakdown in
Technical Support Levels Roubini: USA sees
double-dip recession... Jobless claims rise; GDP dips in 1Q Bernanke faces GOP-led (who are they
kidding-bushies/paulsen went so far as threaten martial law- prosecute now!
They continue to allow the wall street fraud and political theater doesn’t
change their complicity) heat on BofA-Merrill deal Fed Tried to Cover-up Its
Involvement in Bank of America-Merrill Deal U.S. Economy: Jobless Claims
Rise in Sign Labor Market Stagnant Dollar
drops on reserve currency doubts China sells US
bonds to ’show concern’ BRICs May Buy
Each Other’s Bonds in Shift From Dollar China’s holding of US bonds
drops first time in 11 months Russia to Raise Reserve
Currency Issue at BRIC International
Demand for Worthless U.S. Assets Slowed in April IMF says worst not over Senator cashed out during big
stock collapse -- after meeting with Fed, Treasury chiefs! America's AAA
downgrade danger...
Treasury
faces pressure on price of TARP exit A depression so deep even
teen shoppers scrimp US cities may have to be bulldozed in order to survive 1st quarter
wiped out $1.3 trillion for Americans Get Ready for Inflation and
Higher Interest Rates Oil prices near $73 as
energy rally continues Fed Would Be Shut Down If It
Were Audited Fed says
economy weak, but sees signs the slide increasing Mounting
deficits spark jitters about U.S. economy Wall Street falls as
realities dent recovery hopes
Bonds fall on
worries about government's debt load (AP) Oil prices
strike new high for 2009 (AP) The depression quietly deepens
CHINA
AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes,
We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake government job loss report near 40%
better than private forecasts…I don’t think so!…9.4% unemployment rate…try well
over 10% and with stopped looking included over 20% , Jim
Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now China explores
buying $50bn in IMF bonds US retailers
report May sales declines Tiny
Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector
job losses/factory orders worse than expected, new record continuing
unemployment claims, bernanke spend more money you don’t have but cut
debilitating deficit…riiiiight…sounds like a plan with more job losses to come,
etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As
the Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD
$63.8 TRILLION... The Big Collapse
Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record
decline in real estate prices, $80+ oil
coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
, world economy to shrink by worse than
previously predicted 2.9% and big difference between not getting worse and
getting better, leading
indicators up far more than expected … bull s**t …based in large part on
inflated stock price component … more bull s**t … new
reform with same old frauds say increased capital requirements and oversight of
the overseers/rating agencies (riiiiight!…same old,same old - already have but
no will to enforce existing laws, etc.), analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets Insiders Exit Shares at the
Fastest Pace in Two Years BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... The Next Bubble Is Here. Have You Bought In? Here
we go again! Barney Frank asks FANNIE and FREDDIE to relax Mortgage lending
rules... Fed Tried to Cover-up Its Involvement in Bank of America-Merrill
Deal Dollar
And Stocks Drop As China Calls For New Global Currency Citigroup
Ordered to Suspend Some Operations in Japan Bernanke
Grilling May Weaken Case for Fed as Risk Regulator Citi boosting salaries to offset lower bonuses,
allegedly to retain the clowns who helped make them taxpayer dependant and
cause the current debacle; how ‘bout firing them instead and offering
opportunity to the new, particularly non-ivy league vegetable garden grads [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. Home Prices Drop 6.8 Percent
in April as Foreclosures Rise [$$] Red Roof Inn Defaults on Mortgage Debt (at The
Wall Street Journal Online)
MySpace to cut two-thirds of global
workforce GM to cut 4,000 more white-collar jobs
by year end Oracle tops forecasts despite sales,
profit dip; stated another way, bad news will be shilled as good news (AP) California
Collapsing Bankster “Holiday” Planned for
September? Recession Sparking Global Unrest
Is Your Portfolio Ready for the Next
Leg Down? S&P turns negative for year in
broad sell-off (Reuters) Goldman Sachs on pace for record bonuses: report (Reuters) Numbers On Welfare See Sharp
Increase Top Insiders Playing You For A
Sucker? The death of the dollar. Who
could deny it? Stanford indicted in
massive U.S. fraud case which is small potatoes compared to ubiquitously
massive wall street securities fraud which caused the ongoing financial debacle Venture
Capital Bubble Set to Burst, Kedrosky Says Obama Plans to Cut Bank
Regulators, Allow Fed to Supervise Financial Holding Companies – The old fox
guarding the henhouse tricks Federal Reserve unwisely to
gain power under plan Federal Reserve Foolishly
To
Be Given Sweeping New Powers Yen Strengthens Most in Month
as Asian Stocks Drop, Gold Gains RUSSIA
CHALLENGES WORTHLESS DOLLAR... AIG says former
top exec plundered retirement plan [video] The Too-Big-to-Fail
Problem [6.8 min] (at MarketWatch) [$$] Too Big to
Solve? (at The Wall Street Journal Online) Buy and Hold Is
Dead. Long Live Buy and Hold! Financial Bailout Plan Keeps
Zombie Banks Alive Bernanke then as now in denial
about looming crisis 2005-2007 Retail sales,
drop in jobless claims to a very high even if believed 601,000 yielding record
continuing claims of 6.8 million fuel hope…if you’re a dope Lawmakers
blast Fed, Treasury for BofA "threats" Oil climbs over $73 on
hopes for rising demand U.S. Household
Worth Fell by $1.3 Trillion in First Quarter Predictions of $250
a barrel on oil ECB Fears Reality
of Banking Crisis in 2010: Report Get Ready for Inflation and
Higher Interest Rates Bill To Audit Federal Reserve
Now Has 209 Co-Sponsors Russia May Swap Some U.S.
Treasuries for IMF Debt Fed report shows losses on Bear Stearns, AIG holdings Congress subpoenas the Fed ... Finally!
(AP) Brazil in recession, recovery unlikely this year What a “Jobless Recovery”
Really Means: A Massive Redistribution of Wealth from the Little Guy to the Big
Boys Obama
Tells American Businesses to Drop Dead America’s Fed Addiction “87
Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are Unsafe” Fed Said to
Retreat From Seeking Power to Sell Its Own Debt/Bills WIRE:
Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory
Loss
Obama’s economic model versus
reality Reality
bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government
reports better than private estimates…riiiiight! President
of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now Benefit spending
soars to new high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC:
OIL COULD REACH $90... ----- Existing home
foreclosure sales up, and no profit discount car sales better than expected Diluting like crazy through new stock
bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
(8-17-09)
Dow
9,135 -186 To stamp out fraud, no change from suckers’ rally worth
reporting for second, third, fourth weeks of March and April -436 for the first week of March -12% for the month of February -8.8% (-775) for the
month of January -1% for fourth week of
January -2.5% for third week of January -4% for second week of January -5% for first full week of
January -34% for the year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1930 –55 To stamp out fraud, no change from
suckers’ rally worth reporting for second, third, fourth weeks of March and April -84 for
the first week of March -7% for the month of
February -6.4% (-101) for the month of
January -1% for fourth week of January
-3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P
500 979 -24 To stamp out fraud, no change from
suckers’ rally worth reporting for second,
third, fourth weeks
of March and
April -52 for the first week of March -11%
for the month of February -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $66.75
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.74 (reg. gas in LAND
OF FRUITS AND NUTS $3.05 REG./ $3.16
MID-GRADE/ $3.25 PREM./ $2.93 DIESEL)/
GOLD $935 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $13.97
PLATINUM $1,222 / DOLLAR= .69 EURO, 95 YEN, .59 POUND STERLING, ETC. (How low
can you go - LOWER)/ 10 YR NOTE YIELD 3.57% …..… AP Business Highlights … ...Yahoo Market Update... ]
YAHOO - BRIEFING.COM Weekly Recap Trendsresearch.com forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Must Read
Economic/Financial Data This Depression is
just beginning The Next Wave of Collapse is Coming Sooner than you think
ABSOLUTELY,
ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN IN THIS UNIQUELY
PREPOSTEROUS AND FRAUDULENT ENVIRONMENT AS SUCKERS’ RALLY INTO THE CLOSE TO
FINISH OFF LOWS WITH MODEST LOSSES RELATIVE TO REALITY BASED ON WORSE THAN
EXPECTED NEWS [ Insiders Continue to Sell, Sell, Sell (at
Seeking Alpha 8/13/09) PAPER: Fresh alert on global
stock markets... The
Second Wave of The Depression: Hyperinflation is Likely Stocks
Slide on Economy Concern World stocks, oil tumble on u.s. fraud exposure and consumer
worries Connecticut
Not Learning the Right Lessons from California Weekly Market Outlook: Commercial Real Estate Continues to
Deteriorate Retail sales fall, new jobless claims rise (Reuters) US
Home Foreclosures Set Another Record in July Colonial BancGroup shut down by
federal officials (largest bank failure this year) (AP) Economist:
Claim that Economy Has Recovered “Is Like Somebody Borrowing Money from Their
Uncle and Then Celebrating that Their Income Has Gone Up” ]
PERSONAL & BUSINESS BANKRUPTCIES UP, WORTHLESS WEIMAR DOLLAR DOWN,
FORECLOSURES UP (32% YOY AND 7% MOM AT NEW RECORD, 50% HOMES UNDERWATER,
COMMERCIAL TO FOLLOW), CONFIDENCE REALISTICALLY DOWN, $100+ OIL AROUND CORNER
(2010-HOGAN); CELENTE-DEPRESSION NOW UNDERWAY
Bob Prechter Quite Sure Next Wave Down Will Be Bigger
and March Lows Will Break Gerald Celente 2.5 Million Jobs Lost Since Obama’s
Presidency PAPER: Fresh alert on global
stock markets...
TO KEEP SUCKERS SUCKERED [ Insiders Continue to Sell, Sell, Sell (at Seeking Alpha –
8/13/09) (7-29-09) Insiders Selling at Alarming
Levels Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [Tarp banks award billions in bonuses... Goldman Sachs on pace for record bonuses: report
(Reuters) Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly Max Keiser: Prosecute the Bankster Crime Syndicate The Market's Horoscope:
Downside Correction ! [ Entering
the Greatest Depression in History Andrew Gavin
Marshall | The crisis has many bubbles, all of which dwarf the
housing bubble burst of 2008. Geithner asks
Congress for higher U.S. debt limit U.S.
regulators close 3 banks, total now 72 US deficit
climbs to 1.3 trillion dollars This Depression is
just beginning The Next Wave of Collapse is Coming Sooner than you think
Back in the Great Depression of 1929 through the 1930’s, we saw
a similar Zig-zag pattern. There was a crash in 1929, followed by a nice rally,
but then the most devastating part of the market collapse followed into the
1930’s. Feds Hit With Biggest Tax Revenue Drop Since
1932... The Great Depression Two Continues There is no coincident data which is
demonstrating this recession is over. Some may be at the bottom, others have a
way to go… An Artifical
Recovery [$$] Why I Went Fully Into
Cash Bob Prechter "Quite Sure" Next Wave Down
Will Be Bigger and March Lows Will Break A REALITY CHECK ON U.S. 'ECONOMIC
RECOVERY' Jeff Nielson - U.S. equities
are rallying again today, and (as usual) it is a rally with no basis in
reality. Most of the enthusiasm comes from another
string of corporate quarterly results which “beat expectations”. I had hoped
that the sheep were starting to clue-in to this silly game, however it appears
there is a still a large pack of Pavlov's Dogs out there – who respond to their
propaganda cues without a moment of actual thought. The truth is that all of
the companies “beating expectations” are still reporting steadily worse results
year-over-year – and in many cases, much worse results. Among the few
exceptions are U.S. financial corporations. However, since accounting-fraud was
legalized in the United States (see “FASB strong-armed into mark-to-fantasy accounting”),
their bottom-lines have had absolutely no connection to their business
operations… The
Real Economy Versus the Make-Believe World of the Government and Financial
Giants In the real economy, unemployment is at
Depression-era levels. Top firms' pension funds plummet Consumer bankruptcies jump 34%
Nine Of Ten Sectors Overbought This Depression is
just beginning US companies
axe 371,000 jobs in July Half of U.S.
mortgages seen underwater by 2011... Recovery ‘not in sight’ says BMW ] CONTINUED
FRAUD WITH PROGRAMMED SUCKERS’ RALLY DESPITE NEW RECORD FOR CONTINUING
UNEMPLOYMENT CLAIMS AT 6.3 MILLION AND AS I WARNED, WATCH FOR FAKE REPORTS IN
DESPERATION – AND LABOR DEPT. CAME THROUGH WITH FAKE REPORT AND NEW LIE BASED UPON
PEOPLE STOPPED LOOKING FOR JOBS SO THEIR RATE 9.4 BUT OBAMA SAYS 10% - REALITY
IS UNEMPLOYMENT RATE IS WELL OVER 10%, THEN AIG SOARS ON “PROFIT” WITH $87
BILLION IN TAXPAYER FUNDS TO PLAY WITH
[ Max Keiser: Prosecute the Bankster Crime Syndicate Insiders Continue to Sell, Sell, Sell (at Seeking Alpha) PAPER: Fresh alert on global
stock markets... Retail sales fall, new jobless claims rise (Reuters) US
Home Foreclosures Set Another Record in July (7-29-09)
Insiders Selling at Alarming Levels …Although the level of insider selling is certainly
alarming it's important to note that the very low levels of buying are
particularly alarming. Insiders sell stock for many reasons, but they generally
only buy stock for one reason: they believe the stock is going up. Despite the
fact the media is reporting an end to the recession, a bottom in housing and a
trough in earnings we are seeing a vote of zero confidence from the people who
know these companies better than anyone else…
Entering
the Greatest Depression in History Andrew Gavin
Marshall | The crisis has many bubbles, all of which dwarf the
housing bubble burst of 2008. Geithner asks
Congress for higher U.S. debt limit U.S.
regulators close 3 banks, total now 72 US deficit climbs
to 1.3 trillion dollars Causes of This Depression Yet To Be Addressed Further impoverishment is on the way. More
and more will be laid off and they’ll be no new jobs available. Savings will be
exhausted and most homes that have been financed will be under water. Some banks paid bonuses bigger than income: o This Depression is
just beginning You read that right! Only $400 billion
of that fantastic 6 month “green shoots” stock market rally came from money
market accounts. The rest ($2.3 trillion) was laundered through the banks and
other financial institutions to create the appearance of recovery and to raise
equity for underwater banks rather than forcing them into receivership (which
is where they belong) Bernanke probably knew that congress wouldn’t approve
another TARP-type bailout for dodgy mortgage-backed assets, so he settled on
this shifty plan instead. The only problem is, the banks are still broke,
business investment is at historic lows, consumers are on the ropes, the
unemployment lines are swelling, the homeless shelters are bulging, the pawn
shops are bustling, tent cities are sprouting up everywhere, and according to
MarketWatch, Corporate insiders have recently been selling their companies’
shares at a greater pace than at any time since the top of the bull market in
the fall of 2007.” Face it; the economy is in the crapper and Bernanke’s
trickery hasn’t done a lick of good. The Next Wave of Collapse is Coming Sooner than you think
Back in the Great Depression of 1929 through the 1930’s, we saw
a similar Zig-zag pattern. There was a crash in 1929, followed by a nice rally,
but then the most devastating part of the market collapse followed into the
1930’s. Bob Prechter "Quite Sure" Next Wave Down
Will Be Bigger and March Lows Will Break The
Real Economy Versus the Make-Believe World of the Government and Financial
Giants In the real economy,
unemployment is at Depression-era levels.
Top firms' pension funds plummet Consumer bankruptcies jump 34%
Nine Of Ten Sectors Overbought This Depression is
just beginning Feds Hit With Biggest Tax Revenue Drop Since
1932... The Great Depression Two Continues There is no coincident data which is
demonstrating this recession is over. Some may be at the bottom, others have a
way to go… An
Artifical Recovery [$$] Why I Went Fully Into
Cash US
food stamp list tops 34 million for first time The
Banks Own the Fed, and the Central Banks Own BIS AIG
breakup nets Wall Street $1 billion bonanza: report ‘Underwater’
Mortgages to Hit 48%, Deutsche Bank Says Oil price hits $76, highest
since October...
US companies axe 371,000 jobs in July Half of U.S.
mortgages seen underwater by 2011... Recovery ‘not in sight’ says BMW Half of U.S.
mortgages seen underwater by 2011... Recovery ‘not in sight’ says BMW Recession Worse Than Prior Estimates, Revisions Show Bloomberg | The first 12 months of the U.S.
recession saw the economy shrink more than twice as much as previously
estimated, reflecting even bigger declines in consumer spending and housing,
revised figures showed.
DO YOU REALIZE HOW MANY SUCKERS’ RALLY POINTS WERE ADDED BY THE FAKE NUMBERS
CONTRIBUTING TO THIS NEW COMMISSIONING BUBBLE! REVISED: ECONOMY 2X WORSE...
The government plans big revisions to historical economic
data... Developing... Regulators shut banks in
Fla., NJ, Ohio, Okla... WASHINGTON (7-31-09) (AP) -- Regulators on Friday shut down banks in Florida, New
Jersey, Ohio, Oklahoma and Illinois, boosting to 69 the number of federally
insured banks to fail this year amid the pressures of the weak economy and
mounting loan defaults. PhD
Economist: Fed has Caused Soaring Unemployment, Millions of Foreclosures,
Millions Losing Life Savings and More than $6 Trillion in Lost Output DOLLAR DROPS TO '09 LOW...
Unemployment spreads distress in U.S. home loans Weak Treasury Auctions Raise Worries About Debt
Burden... [$$] Senate
Probes Banks for Meltdown Fraud (at The Wall Street Journal Online) Even Bernanke Admits this Could be Worse than the Great
Depression Senate probes Goldman,
Deutsche: report (Reuters)
The Real Unemployment Rate Hits a 68-Year High 2009 Looking More Like 1929 Dollar Falls to
2009 Low... U.S. Markets Decline After
Weaker Than Expected Data A REALITY CHECK ON U.S.
'ECONOMIC RECOVERY' Jeff Nielson - U.S.
equities are rallying again today, and (as usual) it is a rally with no basis
in reality. ] AND NOTHING REAL OR
POSITIVE AT ALL (IE., STILL NO PROSECUTIONS OF THE FRAUDS ON WALL STREET SO
JUST ANOTHER BUILT-IN COST BY CHURN-AND-EARN COMMISSIONS TO, DEFACTO TAX ON
NON-PERFORMING / DECLINING ECONOMY, DURABLE GOODS DOWN/FORECLOSURES UP,
CONFIDENCE REALISTICALLY DOWN, CORRUPT COMMERCE DEPARTMENT CHIMES IN WITH FAKE
NUMBERS, USED HOME SALES UP WITH DEFAULTS/ SHORT SALES, JOB LOSSES UP, BETTER
THAN EXPECTED MANTRA, GUIDANCE THAT DEFIES REALITY BY A LONG SHOT AS IN LAST
COMMISSIONABLE BUBBLE BUST, JOB/COST CUTS TO BONE, ETC.) ( Max Keiser: Prosecute the Bankster Crime Syndicate Max
Keiser: Goldman Sachs Are “Scum,” “Financial Terrorists” Bank profits not as impressive as they seem
when you take into account TARP funding, changed accounting rules to fudge
books, new stock issues, etc… um Cost
Of Bailout Hits A Whopping $24 Trillion Dollars Entering
the Greatest Depression in History Andrew Gavin
Marshall | The crisis has many bubbles, all of which dwarf the
housing bubble burst of 2008. Geithner asks
Congress for higher U.S. debt limit U.S.
regulators close 3 banks, total now 72 US deficit climbs
to 1.3 trillion dollars Stearns Crucifies Paulson On Bailout Bait And Switch
Fiscal ruin of the Western world beckons Foreign Embassies Urged to Stockpile Local Currencies
Bailout
Overseer Says Banks Misused TARP Funds Regulators shut banks in Calif., Ga. and SD ) TO KEEP
SUCKERS SUCKERED [ (7-29-09) Insiders Selling at Alarming
Levels Insiders Exit Shares at the
Fastest Pace in Two Years Bob Prechter "Quite Sure" Next Wave Down
Will Be Bigger and March Lows Will Break ] AND COMMISSION
DOLLARS FLOWING [Tarp banks award billions in bonuses... Goldman Sachs on pace for record bonuses: report
(Reuters) Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly Max Keiser: Prosecute the Bankster Crime Syndicate Corporate
Media Spotlights Distortion of Market by High Frequency Trading [$$] Big Pay
Packages Return to Wall Street as new fraud gains steam (at The Wall Street
Journal Online) Max Keiser: Goldman Sachs
gang are ’scum’ who have co-opted U.S. gov’t Max
Keiser: Goldman Sachs Are “Scum,” “Financial Terrorists” Max Keiser goes on the offensive during an
appearance on France 24 as he slams Goldman Sachs as “scum” and “financial
terrorists” who should be thrown in jail.
‘Printing
money will lead to serious problems down the road,’ says Jim Rogers Spitzer: Federal Reserve is ‘a
Ponzi scheme, an inside job’ 2009 Looking More
Like 1929 AIG
breakup nets Wall Street $1 billion bonanza: report ] BASED ON
CONTINUED BAD NEWS ( ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF
RECOVERY... Scams
And Bailouts The Cause of World Depression Insiders Continue to Sell, Sell, Sell (at Seeking Alpha
8/13/09) PAPER: Fresh alert on global
stock markets... Retail sales fall, new jobless claims rise (Reuters) US
Home Foreclosures Set Another Record in July (7-29-09) Insiders Selling at Alarming
Levels Entering
the Greatest Depression in History Andrew Gavin
Marshall | The crisis has many bubbles, all of which dwarf the
housing bubble burst of 2008. The
Market's Horoscope: Downside Correction Geithner asks
Congress for higher U.S. debt limit U.S.
regulators close 3 banks, total now 72 US deficit climbs
to 1.3 trillion dollars Causes of Depression Yet To Be Addressed Further impoverishment is on the way. More
and more will be laid off and they’ll be no new jobs available. Savings will be
exhausted and most homes that have been financed will be under water. Some banks paid bonuses bigger than income: o This Depression is
just beginning You read that right! Only $400 billion
of that fantastic 6 month “green shoots” stock market rally came from money
market accounts. The rest ($2.3 trillion) was laundered through the banks and
other financial institutions to create the appearance of recovery and to raise
equity for underwater banks rather than forcing them into receivership (which
is where they belong) Bernanke probably knew that congress wouldn’t approve
another TARP-type bailout for dodgy mortgage-backed assets, so he settled on
this shifty plan instead. The only problem is, the banks are still broke,
business investment is at historic lows, consumers are on the ropes, the
unemployment lines are swelling, the homeless shelters are bulging, the pawn
shops are bustling, tent cities are sprouting up everywhere, and according to
MarketWatch, Corporate insiders have recently been selling their companies’
shares at a greater pace than at any time since the top of the bull market in
the fall of 2007.” Face it; the economy is in the crapper and Bernanke’s
trickery hasn’t done a lick of good. The Next Wave of Collapse is Coming Sooner than you think
Back in the Great Depression of 1929 through the 1930’s, we saw
a similar Zig-zag pattern. There was a crash in 1929, followed by a nice rally,
but then the most devastating part of the market collapse followed into the
1930’s. Feds Hit With Biggest Tax Revenue Drop Since
1932... The Great Depression Two Continues There is no coincident data which is
demonstrating this recession is over. Some may be at the bottom, others have a
way to go… An
Artifical Recovery [$$] Why I Went Fully Into
Cash Bob Prechter "Quite Sure"
Next Wave Down Will Be Bigger and March Lows Will Break The
Real Economy Versus the Make-Believe World of the Government and Financial
Giants In the real economy, unemployment is at
Depression-era levels. US companies
axe 371,000 jobs in July Half of U.S. mortgages seen underwater by 2011...
Recovery ‘not in sight’ says BMW Top firms' pension funds plummet Consumer bankruptcies jump 34%
Nine Of Ten Sectors Overbought This Depression is
just beginning US
food stamp list tops 34 million for first time The
Banks Own the Fed, and the Central Banks Own BIS AIG
breakup nets Wall Street $1 billion bonanza: report ‘Underwater’
Mortgages to Hit 48%, Deutsche Bank Says Oil price hits $76, highest
since October...
US companies axe 371,000 jobs in July Half of U.S.
mortgages seen underwater by 2011... Recovery ‘not in sight’ says BMW Unemployment spreads distress in U.S. home loans Cities in the U.S. Sun Belt states of
California, Florida, Nevada and Arizona dominated the record foreclosure spree
in the first half of the year, but distress in other regions emerged as
joblessness spread, RealtyTrac said on Thursday. Recession
Worse Than Prior Estimates, Revisions Show Bloomberg | The
first 12 months of the U.S. recession saw the economy shrink more than twice as
much as previously estimated, reflecting even bigger declines in consumer
spending and housing, revised figures showed. Do you realize how many suckers’
rally points were added by the fake numbers contributing to this new
commissioning bubble! REVISED: ECONOMY 2X WORSE...
The government plans big revisions to historical economic
data... Developing... Regulators shut banks in
Fla., NJ, Ohio, Okla... WASHINGTON (AP) -- Regulators on Friday shut down banks in Florida, New
Jersey, Ohio, Oklahoma and Illinois, boosting to 69 the number of federally
insured banks to fail this year amid the pressures of the weak economy and
mounting loan defaults. PhD
Economist: Fed has Caused Soaring Unemployment, Millions of Foreclosures,
Millions Losing Life Savings and More than $6 Trillion in Lost Output DOLLAR DROPS TO '09 LOW... 75%
Favor Auditing The Fed Tarp banks
award billions in bonuses... The Real Unemployment Rate Hits a 68-Year High 2009 Looking More Like 1929 Dollar Falls to
2009 Low... Six Georgia banks
fail, bringing year tally to 64.... Rally may cool on earnings reality check Dollar Falls to Near 2009 Low as Economy Pares Refuge
Demand Ben Bernanke
Was Wrong Wall
Street’s Love Affair with Ben Bernanke Mike Whitney | bernanke knows that the country is in a Depression
Scams
And Bailouts The Cause of World Depression New US weekly jobless claims jump Its Official: U.S. Trapped in an Extended Depressionary
Cycle MICROSOFT Profit Drops 29% as
PC Slowdown Weighs on Revenue… they haven’t availed themselves of the fake
assets/books legislation recently passed... AMAZON.COM Profit
Drops 10%... Bernanke:
“I Don’t Know” Which Foreign Banks Were Given Half a Trillion Paul Joseph Watson Grayson grills Fed chairman on destination of credit
swaps. Fed:
unemployment will top 10 percent this year... Foreclosures (those increased home
sales that has been fueling suckers’ rally)
rise 15 percent in first half of 2009 (7-17) Three more banks fail,
bringing 2009 tally to more than double all of 2008 at a total thus far of 57 Lower Markets on the Horizon Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly The Ultimate Insider Trading Scheme Max Keiser: Goldman Sachs
gang are ’scum’ who have co-opted U.S. gov’t Cost
Of Bailout Hits A Whopping $24 Trillion Dollars Stearns Crucifies Paulson On Bailout Bait And Switch
Fiscal ruin of the Western world beckons Foreign Embassies Urged to Stockpile Local Currencies
Bailout
Overseer Says Banks Misused TARP Funds TARP watchdog says Treasury lacking bank data Goldman Sachs
caused the problems in the first
place… Who can deny that? Budget deficit tops $1 trillion for first time
(AP) CIT Watch: Analysts Says Debt Load Isn't the
Only Problem Geithner Refuses to Rule Out
Continuing Using American Taxpayer as Piggy Bank for Derivatives Losses
WHITE
HOUSE ECON ADVISER CLAIMS SUCCESS: FEWER PEOPLE SEARCHING 'ECONOMIC DEPRESSION'
ON GOOGLE BECAUSE EXPERIENCING IT FIRST-HAND THEY ALREADY KNOW WHAT ECONOMIC
DEPRESSION IS... What
Economy? There’s Nothing Left to Recover There is no economy left to recover. The US manufacturing economy
was lost to offshoring and free trade ideology. It was replaced by a mythical
“New Economy “ ; less bad, not as bad as expected…riiiiight!, tarp money
for the commission frauds on wall street in new manufactured bubble as
actual/real manufacturing down again; consumer confidence down,
commercial loans begin default phase of downturn, 6.9 million continuing
unemployment claims for new record; retail sales down sharply A REALITY CHECK ON U.S. 'ECONOMIC
RECOVERY' Jeff Nielson - U.S. equities
are rallying again today, and (as usual) it is a rally with no basis in
reality. Economist:
FDIC gearing up for bank closures Goldman Sachs Admits Its Software Can “Manipulate Markets
in Unfair Ways and fraudulently generate commissions /trade volume” Max Keiser: Goldman Sachs gang
are ’scum’ who have co-opted U.S. gov’t You Tube | Goldman Sachs are scum– that’s the bottom line.
They have co-opted the government, the Treasury Department and the Federal
Reserve’s functionality. They’ve co-opted the Obama administration & Barack
Obama dances to Goldman Sachs’ tune. True unemployment rate already at 20% This Depression
Will Last For Years Wyoming sees
first bank failure since 1991 China
criticizes dollar AIG Preparing to Pay New
Round of Bonuses... While Talking About Keynesian Stimulus, Feds Are Really
Just Giving Money to the Big Frauds
FDIC
Insurance Fund: It Doesn’t Actually Exist Replacing the dollar as reserve currency US loses 467,000 jobs, unemployment at 9.5% 'We're in the Middle of a Crash': Black Swan... Economic
Expectations – Unemployment Rate Will Reach 15% David Tice: We are going into a depression-15%
unemployment or more on horizon. U.S. consumers fall behind on loans at
record pace FBI: Mortgage
fraud 'rampant' and growing... Celente and Schiff
Predict Food Panic This Year. Watch clips HERE. Fema Camps Built. Wall Street hits 10-week low amid talk of new
stimulus (7-2)Seven more banks fail,
bringing 2009 tally to more than double all of 2008 at a total thus far of 52;
Private sector sheds another 473,000 jobs in June... US lurching towards ‘debt
explosion’ with long-term interest rates on course to double Jim Rogers Sells Dollars, Plans
to Short Treasuries ‘Sucker’s Rally Beginning To Unwind’ daaaah…? Calls grow to supplant dollar as global currency China officials
call for displacing dollar, in time Tracking Two
Depressions, 1929 and now this Mortgage applications fall to 7-month low... Private
sector sheds another 473,000 jobs in June... 'Layoffs may be worsening'... AIG shares drop
after 1-for-20 reverse-stock split (AP) Manhattan
apartment prices skid 13 to 19 percent Job
losses / job concerns realistically weigh on confidence, real estate
values/prices continue downward trend as per Case / Shiller Index (-18.1%, -21%
in california) Consumer
confidence suffers steep fall... Home prices post 18% annual
drop... Worldwide Depression: Review of Global Markets . Four banks
fail, bringing 2009 tally to 19 more than all of 2008 at a total thus far of 44 Dollar Falls Most in Month as China Urges New Reserve
Currency Gerald Celente speaks on Cap and Trade and other handicaps
to the US economy HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH
CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT ONE
PROSECUTION IN THE MOST RECENT MASSIVE
SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS
WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK
MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T),
CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH
THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD
IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE,
RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED
SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS
ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC!
… THAT MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS,
… NOT OUT OF THIN AIR! ] TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP
SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
A REALITY CHECK ON U.S. 'ECONOMIC
RECOVERY' Jeff Nielson - U.S. equities
are rallying again today, and (as usual) it is a rally with no basis in
reality. , personal
income up modest .2% and spending down, China calls for new reserve currency to
supplant worthless dollar Dollar
And Stocks Drop As China Calls For New Global Currency , continuing
unemployment claims at or near record 627,000, weekly unemployment claims up
15,000, and GDP contraction –5.5%, all worse than expected (lennar wider than
expected quarterly loss rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing words/b.s. from fed which
previously predicted no recession that economy still contracting but that the
contraction is somewhat slowing…what b**l s**t!…, analysts- buffet/economy in
shambles, Hogan/negative GDP growth and inflation owing to debasement of the
dollar as well as deficit spending/pump-priming in the trillions, joker
stein/economy a mess and continued job losses, new home sales down .6%; U.S. Home Prices Drop 6.8
Percent in April as Foreclosures Rise foreclosure sales
up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their
40th bank of the year , Next
Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9%
and big difference between not getting worse and getting better, market got
ahead of itself, stalled out, still depression/more job losses, higher oil-gas
prices / higher interest rates / heavy debt to pare down is 1-3 year drag on
economy, even if believed (I don’t) the labor dept. far better than expected
job numbers by increased debt (spending) to produce same is not economically
sound or sustainable, viz., record spending with record low revenues, rating
cuts for bank sector, analysts concur in significant 5-15% (reality says
15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down
1.1%, housing starts allegedly up but if believed will only increase the
plethora of unsold inventories, empire manufacturing index suffers unexpectedly
severe decline…daaaah!, credit dard defaults at record high, analysts concur
that fundamentals don’t support stock rally and that pac money(defacto bribes)
might derail any meaningful reform/regulation which is of concern to the frauds
on wall street who should be prosecuted, record loss of wealth, higher gas
prices, job losses, higher interest rates / yields, higher commodity prices,
higher deficits, hyperinflation, record continuing unemployment claims at 6.8
million, worthless Weimar dollar crashing,
money supply exploding with hyperinflation/higher interest rates coming,
budget deficit at new highs and trade deficit worse than expected, analyst who
called crash says inflationary depression, banks passed stress tests only with
the help of fraudulent change in accounting rules, banks still insolvent, toxic
assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end
of year, Obama/bernanke continuing failed policies of bush greenspan,
recommends getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not
Over” 6/9/2009 A REALITY CHECK ON U.S.
'ECONOMIC RECOVERY' Jeff Nielson - U.S.
equities are rallying again today, and (as usual) it is a rally with no basis
in reality. Markets See a Breakdown in
Technical Support Levels Roubini: USA sees
double-dip recession... Jobless claims rise; GDP dips in 1Q Bernanke faces GOP-led (who are they
kidding-bushies/paulsen went so far as threaten martial law- prosecute now!
They continue to allow the wall street fraud and political theater doesn’t
change their complicity) heat on BofA-Merrill deal Fed Tried to Cover-up Its
Involvement in Bank of America-Merrill Deal U.S. Economy: Jobless Claims
Rise in Sign Labor Market Stagnant Dollar
drops on reserve currency doubts China sells US
bonds to ’show concern’ BRICs May Buy
Each Other’s Bonds in Shift From Dollar China’s holding of US bonds
drops first time in 11 months Russia to Raise Reserve
Currency Issue at BRIC International
Demand for Worthless U.S. Assets Slowed in April IMF says worst not over Senator cashed out during big
stock collapse -- after meeting with Fed, Treasury chiefs! America's AAA
downgrade danger...
Treasury
faces pressure on price of TARP exit A depression so deep even
teen shoppers scrimp US cities may have to be bulldozed in order to survive 1st quarter
wiped out $1.3 trillion for Americans Get Ready for Inflation and
Higher Interest Rates Oil prices near $73 as
energy rally continues Fed Would Be Shut Down If It
Were Audited Fed says
economy weak, but sees signs the slide increasing Mounting
deficits spark jitters about U.S. economy Wall Street falls as realities
dent recovery hopes Bonds fall on
worries about government's debt load (AP) Oil prices
strike new high for 2009 (AP) The depression quietly deepens
CHINA
AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes,
We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake government job loss report near 40%
better than private forecasts…I don’t think so!…9.4% unemployment rate…try well
over 10% and with stopped looking included over 20% , Jim
Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now China explores
buying $50bn in IMF bonds US retailers
report May sales declines Tiny
Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector
job losses/factory orders worse than expected, new record continuing
unemployment claims, bernanke spend more money you don’t have but cut
debilitating deficit…riiiiight…sounds like a plan with more job losses to come,
etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As
the Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD
$63.8 TRILLION... The Big Collapse
Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record
decline in real estate prices, $80+ oil
coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
, world economy to shrink by worse than
previously predicted 2.9% and big difference between not getting worse and
getting better, leading
indicators up far more than expected … bull s**t …based in large part on
inflated stock price component … more bull s**t … new
reform with same old frauds say increased capital requirements and oversight of
the overseers/rating agencies (riiiiight!…same old,same old - already have but no
will to enforce existing laws, etc.), analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets Insiders Exit Shares at the
Fastest Pace in Two Years BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... The Next Bubble Is Here. Have You Bought In? Here
we go again! Barney Frank asks FANNIE and FREDDIE to relax Mortgage lending
rules... Fed Tried to Cover-up Its Involvement in Bank of America-Merrill
Deal Dollar
And Stocks Drop As China Calls For New Global Currency Citigroup
Ordered to Suspend Some Operations in Japan Bernanke
Grilling May Weaken Case for Fed as Risk Regulator Citi boosting salaries to offset lower bonuses,
allegedly to retain the clowns who helped make them taxpayer dependant and
cause the current debacle; how ‘bout firing them instead and offering
opportunity to the new, particularly non-ivy league vegetable garden grads [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. Home Prices Drop 6.8 Percent
in April as Foreclosures Rise [$$] Red Roof Inn Defaults on Mortgage Debt (at The
Wall Street Journal Online)
MySpace to cut two-thirds of global
workforce GM to cut 4,000 more white-collar jobs
by year end Oracle tops forecasts despite sales,
profit dip; stated another way, bad news will be shilled as good news (AP) California
Collapsing Bankster “Holiday” Planned for
September? Recession Sparking Global Unrest
Is Your Portfolio Ready for the Next
Leg Down? S&P turns negative for year in
broad sell-off (Reuters) Goldman Sachs on pace for record bonuses: report
(Reuters) Numbers On Welfare See Sharp
Increase Top Insiders Playing You For A
Sucker? The death of the dollar. Who
could deny it? Stanford indicted in
massive U.S. fraud case which is small potatoes compared to ubiquitously
massive wall street securities fraud which caused the ongoing financial debacle Venture
Capital Bubble Set to Burst, Kedrosky Says Obama Plans to Cut Bank
Regulators, Allow Fed to Supervise Financial Holding Companies – The old fox
guarding the henhouse tricks Federal Reserve unwisely to
gain power under plan Federal Reserve Foolishly
To
Be Given Sweeping New Powers Yen Strengthens Most in Month
as Asian Stocks Drop, Gold Gains RUSSIA
CHALLENGES WORTHLESS DOLLAR... AIG says former
top exec plundered retirement plan [video] The Too-Big-to-Fail
Problem [6.8 min] (at MarketWatch) [$$] Too Big to
Solve? (at The Wall Street Journal Online) Buy and Hold Is
Dead. Long Live Buy and Hold! Financial Bailout Plan Keeps
Zombie Banks Alive Bernanke then as now in denial
about looming crisis 2005-2007 Retail sales,
drop in jobless claims to a very high even if believed 601,000 yielding record
continuing claims of 6.8 million fuel hope…if you’re a dope Lawmakers blast
Fed, Treasury for BofA "threats" Oil climbs over $73 on
hopes for rising demand U.S. Household
Worth Fell by $1.3 Trillion in First Quarter Predictions of $250
a barrel on oil ECB Fears Reality
of Banking Crisis in 2010: Report Get Ready for Inflation and
Higher Interest Rates Bill To Audit Federal Reserve
Now Has 209 Co-Sponsors Russia May Swap Some U.S.
Treasuries for IMF Debt Fed report shows losses on Bear Stearns, AIG holdings Congress subpoenas the Fed ... Finally!
(AP) Brazil in recession, recovery unlikely this year What a “Jobless Recovery”
Really Means: A Massive Redistribution of Wealth from the Little Guy to the Big
Boys Obama
Tells American Businesses to Drop Dead America’s Fed Addiction “87
Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are Unsafe” Fed Said to
Retreat From Seeking Power to Sell Its Own Debt/Bills WIRE:
Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory
Loss
Obama’s economic model versus
reality Reality
bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government
reports better than private estimates…riiiiight! President
of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now Benefit spending
soars to new high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC:
OIL COULD REACH $90... ----- Existing home
foreclosure sales up, and no profit discount car sales better than
expected Diluting like crazy through new stock
bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
(8-14-09)
Dow
9,321 -76 To stamp out fraud, no change from suckers’ rally worth
reporting for second, third, fourth weeks of March and April -436 for the first week of March -12% for the month of February -8.8% (-775) for the
month of January -1% for fourth week of
January -2.5% for third week of January -4% for second week of January -5% for first full week of
January -34% for the year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1985 –24 To stamp out fraud, no change from
suckers’ rally worth reporting for second, third, fourth weeks of March and April -84 for
the first week of March -7% for the month of
February -6.4% (-101) for the month of
January -1% for fourth week of January
-3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P
500 1,004 -9 To stamp out fraud, no change from
suckers’ rally worth reporting for second,
third, fourth weeks
of March and
April -52 for the first week of March -11%
for the month of February -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $67.51
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.74 (reg. gas in LAND
OF FRUITS AND NUTS $3.05 REG./ $3.16
MID-GRADE/ $3.25 PREM./ $2.93 DIESEL)/
GOLD $948 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $14.72
PLATINUM $1,258 / DOLLAR= .69 EURO, 94 YEN, .59 POUND STERLING, ETC. (How low
can you go - LOWER)/ 10 YR NOTE YIELD 3.57% …..… AP Business Highlights … ...Yahoo Market Update... ] YAHOO
- BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Must Read
Economic/Financial Data This Depression is
just beginning The Next Wave of Collapse is Coming Sooner than you think
ABSOLUTELY,
ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN IN THIS UNIQUELY
PREPOSTEROUS AND FRAUDULENT ENVIRONMENT AS SUCKERS’ RALLY INTO THE CLOSE TO
FINISH WELL OFF LOWS BASED ON WORSE THAN EXPECTED NEWS [ Insiders Continue to Sell, Sell, Sell (at
Seeking Alpha 8/13/09) PAPER: Fresh alert on global
stock markets... Retail sales fall, new jobless claims rise
(Reuters) US
Home Foreclosures Set Another Record in July Colonial BancGroup shut down by
federal officials (largest bank failure this year) (AP) Economist:
Claim that Economy Has Recovered “Is Like Somebody Borrowing Money from Their
Uncle and Then Celebrating that Their Income Has Gone Up” ]
PERSONAL & BUSINESS BANKRUPTCIES UP, WORTHLESS WEIMAR DOLLAR DOWN,
FORECLOSURES UP (32% YOY AND 7% MOM AT NEW RECORD, 50% HOMES UNDERWATER,
COMMERCIAL TO FOLLOW), CONFIDENCE REALISTICALLY DOWN, $100+ OIL AROUND CORNER
(2010-HOGAN); CELENTE-DEPRESSION NOW UNDERWAY
Bob Prechter Quite Sure Next Wave Down Will Be Bigger
and March Lows Will Break Gerald Celente 2.5 Million Jobs Lost Since Obama’s
Presidency PAPER: Fresh alert on global
stock markets...
TO KEEP SUCKERS SUCKERED [ Insiders Continue to Sell, Sell, Sell (at Seeking Alpha –
8/13/09) (7-29-09) Insiders Selling at Alarming
Levels Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [Tarp banks award billions in bonuses... Goldman Sachs on pace for record bonuses: report
(Reuters) Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly Max Keiser: Prosecute the Bankster Crime Syndicate The Market's Horoscope:
Downside Correction ! [ Entering
the Greatest Depression in History Andrew Gavin
Marshall | The crisis has many bubbles, all of which dwarf the
housing bubble burst of 2008. Geithner asks
Congress for higher U.S. debt limit U.S.
regulators close 3 banks, total now 72 US deficit
climbs to 1.3 trillion dollars This Depression is
just beginning The Next Wave of Collapse is Coming Sooner than you think
Back in the Great Depression of 1929 through the 1930’s, we saw
a similar Zig-zag pattern. There was a crash in 1929, followed by a nice rally,
but then the most devastating part of the market collapse followed into the
1930’s. Feds Hit With Biggest Tax Revenue Drop Since 1932... The Great Depression Two Continues There is no coincident data which is
demonstrating this recession is over. Some may be at the bottom, others have a
way to go… An Artifical
Recovery [$$] Why I Went Fully Into
Cash Bob Prechter "Quite Sure" Next Wave Down
Will Be Bigger and March Lows Will Break A REALITY CHECK ON U.S. 'ECONOMIC
RECOVERY' Jeff Nielson - U.S. equities
are rallying again today, and (as usual) it is a rally with no basis in
reality. Most of the enthusiasm comes from another
string of corporate quarterly results which “beat expectations”. I had hoped
that the sheep were starting to clue-in to this silly game, however it appears
there is a still a large pack of Pavlov's Dogs out there – who respond to their
propaganda cues without a moment of actual thought. The truth is that all of
the companies “beating expectations” are still reporting steadily worse results
year-over-year – and in many cases, much worse results. Among the few
exceptions are U.S. financial corporations. However, since accounting-fraud was
legalized in the United States (see “FASB strong-armed into mark-to-fantasy accounting”),
their bottom-lines have had absolutely no connection to their business
operations… The
Real Economy Versus the Make-Believe World of the Government and Financial
Giants In the real economy, unemployment is at
Depression-era levels. Top firms' pension funds plummet Consumer bankruptcies jump 34%
Nine Of Ten Sectors Overbought This Depression is
just beginning US companies
axe 371,000 jobs in July Half of U.S.
mortgages seen underwater by 2011... Recovery ‘not in sight’ says BMW ] CONTINUED
FRAUD WITH PROGRAMMED SUCKERS’ RALLY DESPITE NEW RECORD FOR CONTINUING
UNEMPLOYMENT CLAIMS AT 6.3 MILLION AND AS I WARNED, WATCH FOR FAKE REPORTS IN
DESPERATION – AND LABOR DEPT. CAME THROUGH WITH FAKE REPORT AND NEW LIE BASED
UPON PEOPLE STOPPED LOOKING FOR JOBS SO THEIR RATE 9.4 BUT OBAMA SAYS 10% -
REALITY IS UNEMPLOYMENT RATE IS WELL OVER 10%, THEN AIG SOARS ON “PROFIT” WITH
$87 BILLION IN TAXPAYER FUNDS TO PLAY WITH
[ Max Keiser: Prosecute the Bankster Crime Syndicate Insiders Continue to Sell, Sell, Sell (at Seeking Alpha) PAPER: Fresh alert on global
stock markets... Retail sales fall, new jobless claims rise (Reuters) US
Home Foreclosures Set Another Record in July (7-29-09)
Insiders Selling at Alarming Levels …Although the level of insider selling is certainly
alarming it's important to note that the very low levels of buying are
particularly alarming. Insiders sell stock for many reasons, but they generally
only buy stock for one reason: they believe the stock is going up. Despite the
fact the media is reporting an end to the recession, a bottom in housing and a
trough in earnings we are seeing a vote of zero confidence from the people who
know these companies better than anyone else…
Entering
the Greatest Depression in History Andrew Gavin
Marshall | The crisis has many bubbles, all of which dwarf the
housing bubble burst of 2008. Geithner asks
Congress for higher U.S. debt limit U.S.
regulators close 3 banks, total now 72 US deficit climbs
to 1.3 trillion dollars Causes of This Depression Yet To Be Addressed Further impoverishment is on the way. More
and more will be laid off and they’ll be no new jobs available. Savings will be
exhausted and most homes that have been financed will be under water. Some banks paid bonuses bigger than income: o This Depression is
just beginning You read that right! Only $400 billion
of that fantastic 6 month “green shoots” stock market rally came from money
market accounts. The rest ($2.3 trillion) was laundered through the banks and
other financial institutions to create the appearance of recovery and to raise
equity for underwater banks rather than forcing them into receivership (which
is where they belong) Bernanke probably knew that congress wouldn’t approve
another TARP-type bailout for dodgy mortgage-backed assets, so he settled on
this shifty plan instead. The only problem is, the banks are still broke,
business investment is at historic lows, consumers are on the ropes, the
unemployment lines are swelling, the homeless shelters are bulging, the pawn
shops are bustling, tent cities are sprouting up everywhere, and according to
MarketWatch, Corporate insiders have recently been selling their companies’
shares at a greater pace than at any time since the top of the bull market in
the fall of 2007.” Face it; the economy is in the crapper and Bernanke’s
trickery hasn’t done a lick of good. The Next Wave of Collapse is Coming Sooner than you think
Back in the Great Depression of 1929 through the 1930’s, we saw
a similar Zig-zag pattern. There was a crash in 1929, followed by a nice rally,
but then the most devastating part of the market collapse followed into the
1930’s. Bob Prechter "Quite Sure" Next Wave Down
Will Be Bigger and March Lows Will Break The
Real Economy Versus the Make-Believe World of the Government and Financial
Giants In the real economy,
unemployment is at Depression-era levels.
Top firms' pension funds plummet Consumer bankruptcies jump 34%
Nine Of Ten Sectors Overbought This Depression is
just beginning Feds Hit With Biggest Tax Revenue Drop Since
1932... The Great Depression Two Continues There is no coincident data which is
demonstrating this recession is over. Some may be at the bottom, others have a
way to go… An
Artifical Recovery [$$] Why I Went Fully Into
Cash US
food stamp list tops 34 million for first time The
Banks Own the Fed, and the Central Banks Own BIS AIG
breakup nets Wall Street $1 billion bonanza: report ‘Underwater’
Mortgages to Hit 48%, Deutsche Bank Says Oil price hits $76, highest
since October...
US companies axe 371,000 jobs in July Half of U.S.
mortgages seen underwater by 2011... Recovery ‘not in sight’ says BMW Half of U.S.
mortgages seen underwater by 2011... Recovery ‘not in sight’ says BMW Recession Worse Than Prior Estimates, Revisions Show Bloomberg | The first 12 months of the U.S.
recession saw the economy shrink more than twice as much as previously
estimated, reflecting even bigger declines in consumer spending and housing,
revised figures showed.
DO YOU REALIZE HOW MANY SUCKERS’ RALLY POINTS WERE ADDED BY THE FAKE NUMBERS
CONTRIBUTING TO THIS NEW COMMISSIONING BUBBLE! REVISED: ECONOMY 2X WORSE...
The government plans big revisions to historical economic
data... Developing... Regulators shut banks in
Fla., NJ, Ohio, Okla... WASHINGTON (7-31-09) (AP) -- Regulators on Friday shut down banks in Florida, New
Jersey, Ohio, Oklahoma and Illinois, boosting to 69 the number of federally
insured banks to fail this year amid the pressures of the weak economy and
mounting loan defaults. PhD
Economist: Fed has Caused Soaring Unemployment, Millions of Foreclosures,
Millions Losing Life Savings and More than $6 Trillion in Lost Output DOLLAR DROPS TO '09 LOW...
Unemployment spreads distress in U.S. home loans Weak Treasury Auctions Raise Worries About Debt
Burden... [$$] Senate
Probes Banks for Meltdown Fraud (at The Wall Street Journal Online) Even Bernanke Admits this Could be Worse than the Great
Depression Senate probes Goldman,
Deutsche: report (Reuters)
The Real Unemployment Rate Hits a 68-Year High 2009 Looking More Like 1929 Dollar Falls to
2009 Low... U.S. Markets Decline After
Weaker Than Expected Data A REALITY CHECK ON U.S.
'ECONOMIC RECOVERY' Jeff Nielson - U.S.
equities are rallying again today, and (as usual) it is a rally with no basis
in reality. ] AND NOTHING REAL OR
POSITIVE AT ALL (IE., STILL NO PROSECUTIONS OF THE FRAUDS ON WALL STREET SO
JUST ANOTHER BUILT-IN COST BY CHURN-AND-EARN COMMISSIONS TO, DEFACTO TAX ON
NON-PERFORMING / DECLINING ECONOMY, DURABLE GOODS DOWN/FORECLOSURES UP,
CONFIDENCE REALISTICALLY DOWN, CORRUPT COMMERCE DEPARTMENT CHIMES IN WITH FAKE
NUMBERS, USED HOME SALES UP WITH DEFAULTS/ SHORT SALES, JOB LOSSES UP, BETTER
THAN EXPECTED MANTRA, GUIDANCE THAT DEFIES REALITY BY A LONG SHOT AS IN LAST
COMMISSIONABLE BUBBLE BUST, JOB/COST CUTS TO BONE, ETC.) ( Max Keiser: Prosecute the Bankster Crime Syndicate Max
Keiser: Goldman Sachs Are “Scum,” “Financial Terrorists” Bank profits not as impressive as they seem
when you take into account TARP funding, changed accounting rules to fudge
books, new stock issues, etc… um Cost
Of Bailout Hits A Whopping $24 Trillion Dollars Entering
the Greatest Depression in History Andrew Gavin
Marshall | The crisis has many bubbles, all of which dwarf the
housing bubble burst of 2008. Geithner asks
Congress for higher U.S. debt limit U.S.
regulators close 3 banks, total now 72 US deficit climbs
to 1.3 trillion dollars Stearns Crucifies Paulson On Bailout Bait And Switch
Fiscal ruin of the Western world beckons Foreign Embassies Urged to Stockpile Local Currencies
Bailout
Overseer Says Banks Misused TARP Funds Regulators shut banks in Calif., Ga. and SD ) TO KEEP
SUCKERS SUCKERED [ (7-29-09) Insiders Selling at Alarming
Levels Insiders Exit Shares at the
Fastest Pace in Two Years Bob Prechter "Quite Sure" Next Wave Down
Will Be Bigger and March Lows Will Break ] AND COMMISSION
DOLLARS FLOWING [Tarp banks award billions in bonuses... Goldman Sachs on pace for record bonuses: report
(Reuters) Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly Max Keiser: Prosecute the Bankster Crime Syndicate Corporate
Media Spotlights Distortion of Market by High Frequency Trading [$$] Big Pay
Packages Return to Wall Street as new fraud gains steam (at The Wall Street
Journal Online) Max Keiser: Goldman Sachs
gang are ’scum’ who have co-opted U.S. gov’t Max
Keiser: Goldman Sachs Are “Scum,” “Financial Terrorists” Max Keiser goes on the offensive during an
appearance on France 24 as he slams Goldman Sachs as “scum” and “financial
terrorists” who should be thrown in jail.
‘Printing
money will lead to serious problems down the road,’ says Jim Rogers Spitzer: Federal Reserve is ‘a
Ponzi scheme, an inside job’ 2009 Looking More
Like 1929 AIG
breakup nets Wall Street $1 billion bonanza: report ] BASED ON
CONTINUED BAD NEWS ( ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF
RECOVERY... Scams
And Bailouts The Cause of World Depression Insiders Continue to Sell, Sell, Sell (at Seeking Alpha
8/13/09) PAPER: Fresh alert on global
stock markets... Retail sales fall, new jobless claims rise (Reuters) US
Home Foreclosures Set Another Record in July (7-29-09) Insiders Selling at Alarming
Levels Entering
the Greatest Depression in History Andrew Gavin
Marshall | The crisis has many bubbles, all of which dwarf the
housing bubble burst of 2008. The
Market's Horoscope: Downside Correction Geithner asks
Congress for higher U.S. debt limit U.S.
regulators close 3 banks, total now 72 US deficit climbs
to 1.3 trillion dollars Causes of Depression Yet To Be Addressed Further impoverishment is on the way. More
and more will be laid off and they’ll be no new jobs available. Savings will be
exhausted and most homes that have been financed will be under water. Some banks paid bonuses bigger than income: o This Depression is
just beginning You read that right! Only $400 billion
of that fantastic 6 month “green shoots” stock market rally came from money
market accounts. The rest ($2.3 trillion) was laundered through the banks and
other financial institutions to create the appearance of recovery and to raise
equity for underwater banks rather than forcing them into receivership (which
is where they belong) Bernanke probably knew that congress wouldn’t approve
another TARP-type bailout for dodgy mortgage-backed assets, so he settled on
this shifty plan instead. The only problem is, the banks are still broke,
business investment is at historic lows, consumers are on the ropes, the
unemployment lines are swelling, the homeless shelters are bulging, the pawn
shops are bustling, tent cities are sprouting up everywhere, and according to
MarketWatch, Corporate insiders have recently been selling their companies’
shares at a greater pace than at any time since the top of the bull market in
the fall of 2007.” Face it; the economy is in the crapper and Bernanke’s
trickery hasn’t done a lick of good. The Next Wave of Collapse is Coming Sooner than you think
Back in the Great Depression of 1929 through the 1930’s, we saw
a similar Zig-zag pattern. There was a crash in 1929, followed by a nice rally,
but then the most devastating part of the market collapse followed into the
1930’s. Feds Hit With Biggest Tax Revenue Drop Since
1932... The Great Depression Two Continues There is no coincident data which is
demonstrating this recession is over. Some may be at the bottom, others have a
way to go… An
Artifical Recovery [$$] Why I Went Fully Into
Cash Bob Prechter "Quite Sure"
Next Wave Down Will Be Bigger and March Lows Will Break The
Real Economy Versus the Make-Believe World of the Government and Financial
Giants In the real economy, unemployment is at
Depression-era levels. US companies
axe 371,000 jobs in July Half of U.S. mortgages seen underwater by 2011...
Recovery ‘not in sight’ says BMW Top firms' pension funds plummet Consumer bankruptcies jump 34%
Nine Of Ten Sectors Overbought This Depression is
just beginning US
food stamp list tops 34 million for first time The
Banks Own the Fed, and the Central Banks Own BIS AIG
breakup nets Wall Street $1 billion bonanza: report ‘Underwater’
Mortgages to Hit 48%, Deutsche Bank Says Oil price hits $76, highest
since October...
US companies axe 371,000 jobs in July Half of U.S.
mortgages seen underwater by 2011... Recovery ‘not in sight’ says BMW Unemployment spreads distress in U.S. home loans Cities in the U.S. Sun Belt states of
California, Florida, Nevada and Arizona dominated the record foreclosure spree
in the first half of the year, but distress in other regions emerged as
joblessness spread, RealtyTrac said on Thursday. Recession
Worse Than Prior Estimates, Revisions Show Bloomberg | The
first 12 months of the U.S. recession saw the economy shrink more than twice as
much as previously estimated, reflecting even bigger declines in consumer
spending and housing, revised figures showed. Do you realize how many suckers’
rally points were added by the fake numbers contributing to this new
commissioning bubble! REVISED: ECONOMY 2X WORSE...
The government plans big revisions to historical economic
data... Developing... Regulators shut banks in
Fla., NJ, Ohio, Okla... WASHINGTON (AP) -- Regulators on Friday shut down banks in Florida, New
Jersey, Ohio, Oklahoma and Illinois, boosting to 69 the number of federally
insured banks to fail this year amid the pressures of the weak economy and
mounting loan defaults. PhD
Economist: Fed has Caused Soaring Unemployment, Millions of Foreclosures,
Millions Losing Life Savings and More than $6 Trillion in Lost Output DOLLAR DROPS TO '09 LOW... 75%
Favor Auditing The Fed Tarp banks
award billions in bonuses... The Real Unemployment Rate Hits a 68-Year High 2009 Looking More Like 1929 Dollar Falls to
2009 Low... Six Georgia banks
fail, bringing year tally to 64.... Rally may cool on earnings reality check Dollar Falls to Near 2009 Low as Economy Pares Refuge
Demand Ben
Bernanke Was Wrong Wall
Street’s Love Affair with Ben Bernanke Mike Whitney | bernanke knows that the country is in a Depression
Scams
And Bailouts The Cause of World Depression New US weekly jobless claims jump Its Official: U.S. Trapped in an Extended Depressionary
Cycle MICROSOFT Profit Drops 29% as
PC Slowdown Weighs on Revenue… they haven’t availed themselves of the fake
assets/books legislation recently passed... AMAZON.COM Profit
Drops 10%... Bernanke:
“I Don’t Know” Which Foreign Banks Were Given Half a Trillion Paul Joseph Watson Grayson grills Fed chairman on destination of credit
swaps. Fed:
unemployment will top 10 percent this year... Foreclosures (those increased home
sales that has been fueling suckers’ rally)
rise 15 percent in first half of 2009 (7-17) Three more banks
fail, bringing 2009 tally to more than double all of 2008 at a total thus far
of 57 Lower Markets on the Horizon Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly The Ultimate Insider Trading Scheme Max Keiser: Goldman Sachs
gang are ’scum’ who have co-opted U.S. gov’t Cost
Of Bailout Hits A Whopping $24 Trillion Dollars Stearns Crucifies Paulson On Bailout Bait And Switch
Fiscal ruin of the Western world beckons Foreign Embassies Urged to Stockpile Local Currencies
Bailout
Overseer Says Banks Misused TARP Funds TARP watchdog says Treasury lacking bank data Goldman Sachs
caused the problems in the first
place… Who can deny that? Budget deficit tops $1 trillion for first time
(AP) CIT Watch: Analysts Says Debt Load Isn't the
Only Problem Geithner Refuses to Rule Out
Continuing Using American Taxpayer as Piggy Bank for Derivatives Losses
WHITE
HOUSE ECON ADVISER CLAIMS SUCCESS: FEWER PEOPLE SEARCHING 'ECONOMIC DEPRESSION'
ON GOOGLE BECAUSE EXPERIENCING IT FIRST-HAND THEY ALREADY KNOW WHAT ECONOMIC
DEPRESSION IS... What
Economy? There’s Nothing Left to Recover There is no economy left to recover. The US manufacturing economy
was lost to offshoring and free trade ideology. It was replaced by a mythical
“New Economy “ ; less bad, not as bad as expected…riiiiight!, tarp money
for the commission frauds on wall street in new manufactured bubble as
actual/real manufacturing down again; consumer confidence down,
commercial loans begin default phase of downturn, 6.9 million continuing
unemployment claims for new record; retail sales down sharply A REALITY CHECK ON U.S. 'ECONOMIC
RECOVERY' Jeff Nielson - U.S. equities
are rallying again today, and (as usual) it is a rally with no basis in
reality. Economist:
FDIC gearing up for bank closures Goldman Sachs Admits Its Software Can “Manipulate Markets
in Unfair Ways and fraudulently generate commissions /trade volume” Max Keiser: Goldman Sachs gang
are ’scum’ who have co-opted U.S. gov’t You Tube | Goldman Sachs are scum– that’s the bottom line.
They have co-opted the government, the Treasury Department and the Federal
Reserve’s functionality. They’ve co-opted the Obama administration & Barack
Obama dances to Goldman Sachs’ tune. True unemployment rate already at 20% This Depression
Will Last For Years Wyoming sees
first bank failure since 1991 China
criticizes dollar AIG Preparing to Pay New
Round of Bonuses... While Talking About Keynesian Stimulus, Feds Are Really
Just Giving Money to the Big Frauds
FDIC
Insurance Fund: It Doesn’t Actually Exist Replacing the dollar as reserve currency US loses 467,000 jobs, unemployment at 9.5% 'We're in the Middle of a Crash': Black Swan... Economic
Expectations – Unemployment Rate Will Reach 15% David Tice: We are going into a depression-15%
unemployment or more on horizon. U.S. consumers fall behind on loans at
record pace FBI: Mortgage
fraud 'rampant' and growing... Celente and Schiff
Predict Food Panic This Year. Watch clips HERE. Fema Camps Built. Wall Street hits 10-week low amid talk of new
stimulus (7-2)Seven more banks fail,
bringing 2009 tally to more than double all of 2008 at a total thus far of 52;
Private sector sheds another 473,000 jobs in June... US lurching towards ‘debt
explosion’ with long-term interest rates on course to double Jim Rogers Sells Dollars, Plans
to Short Treasuries ‘Sucker’s Rally Beginning To Unwind’ daaaah…? Calls grow to supplant dollar as global currency China officials
call for displacing dollar, in time Tracking Two
Depressions, 1929 and now this Mortgage applications fall to 7-month low... Private
sector sheds another 473,000 jobs in June... 'Layoffs may be worsening'... AIG shares drop
after 1-for-20 reverse-stock split (AP) Manhattan
apartment prices skid 13 to 19 percent Job
losses / job concerns realistically weigh on confidence, real estate
values/prices continue downward trend as per Case / Shiller Index (-18.1%, -21%
in california) Consumer
confidence suffers steep fall... Home prices post 18% annual
drop... Worldwide Depression: Review of Global Markets . Four banks
fail, bringing 2009 tally to 19 more than all of 2008 at a total thus far of 44 Dollar Falls Most in Month as China Urges New Reserve
Currency Gerald Celente speaks on Cap and Trade and other handicaps
to the US economy HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH
CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT ONE
PROSECUTION IN THE MOST RECENT MASSIVE
SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS
WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK
MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T),
CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH THE
SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD IS
GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE,
RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED
SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS
ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC!
… THAT MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS,
… NOT OUT OF THIN AIR! ] TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP
SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
A REALITY CHECK ON U.S. 'ECONOMIC
RECOVERY' Jeff Nielson - U.S. equities
are rallying again today, and (as usual) it is a rally with no basis in
reality. , personal income
up modest .2% and spending down, China calls for new reserve currency to
supplant worthless dollar Dollar
And Stocks Drop As China Calls For New Global Currency , continuing
unemployment claims at or near record 627,000, weekly unemployment claims up
15,000, and GDP contraction –5.5%, all worse than expected (lennar wider than
expected quarterly loss rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing words/b.s. from fed which
previously predicted no recession that economy still contracting but that the
contraction is somewhat slowing…what b**l s**t!…, analysts- buffet/economy in
shambles, Hogan/negative GDP growth and inflation owing to debasement of the
dollar as well as deficit spending/pump-priming in the trillions, joker
stein/economy a mess and continued job losses, new home sales down .6%; U.S. Home Prices Drop 6.8
Percent in April as Foreclosures Rise foreclosure sales
up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their
40th bank of the year , Next
Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9%
and big difference between not getting worse and getting better, market got
ahead of itself, stalled out, still depression/more job losses, higher oil-gas
prices / higher interest rates / heavy debt to pare down is 1-3 year drag on
economy, even if believed (I don’t) the labor dept. far better than expected
job numbers by increased debt (spending) to produce same is not economically
sound or sustainable, viz., record spending with record low revenues, rating
cuts for bank sector, analysts concur in significant 5-15% (reality says
15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down
1.1%, housing starts allegedly up but if believed will only increase the
plethora of unsold inventories, empire manufacturing index suffers unexpectedly
severe decline…daaaah!, credit dard defaults at record high, analysts concur
that fundamentals don’t support stock rally and that pac money(defacto bribes)
might derail any meaningful reform/regulation which is of concern to the frauds
on wall street who should be prosecuted, record loss of wealth, higher gas
prices, job losses, higher interest rates / yields, higher commodity prices,
higher deficits, hyperinflation, record continuing unemployment claims at 6.8
million, worthless Weimar dollar crashing,
money supply exploding with hyperinflation/higher interest rates coming,
budget deficit at new highs and trade deficit worse than expected, analyst who
called crash says inflationary depression, banks passed stress tests only with
the help of fraudulent change in accounting rules, banks still insolvent, toxic
assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end
of year, Obama/bernanke continuing failed policies of bush greenspan,
recommends getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not
Over” 6/9/2009 A REALITY CHECK ON U.S.
'ECONOMIC RECOVERY' Jeff Nielson - U.S.
equities are rallying again today, and (as usual) it is a rally with no basis
in reality. Markets See a Breakdown in
Technical Support Levels Roubini: USA sees
double-dip recession... Jobless claims rise; GDP dips in 1Q Bernanke faces GOP-led (who are they
kidding-bushies/paulsen went so far as threaten martial law- prosecute now!
They continue to allow the wall street fraud and political theater doesn’t
change their complicity) heat on BofA-Merrill deal Fed Tried to Cover-up Its
Involvement in Bank of America-Merrill Deal U.S. Economy: Jobless Claims
Rise in Sign Labor Market Stagnant Dollar
drops on reserve currency doubts China sells US
bonds to ’show concern’ BRICs May Buy
Each Other’s Bonds in Shift From Dollar China’s holding of US bonds
drops first time in 11 months Russia to Raise Reserve
Currency Issue at BRIC International
Demand for Worthless U.S. Assets Slowed in April IMF says worst not over Senator cashed out during big
stock collapse -- after meeting with Fed, Treasury chiefs! America's AAA
downgrade danger...
Treasury
faces pressure on price of TARP exit A depression so deep even
teen shoppers scrimp US cities may have to be bulldozed in order to survive 1st quarter
wiped out $1.3 trillion for Americans Get Ready for Inflation and
Higher Interest Rates Oil prices near $73 as
energy rally continues Fed Would Be Shut Down If It
Were Audited Fed says
economy weak, but sees signs the slide increasing Mounting
deficits spark jitters about U.S. economy Wall Street falls as
realities dent recovery hopes
Bonds fall on
worries about government's debt load (AP) Oil prices
strike new high for 2009 (AP) The depression quietly deepens
CHINA
AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes,
We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake government job loss report near 40%
better than private forecasts…I don’t think so!…9.4% unemployment rate…try well
over 10% and with stopped looking included over 20% , Jim
Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now China explores
buying $50bn in IMF bonds US retailers
report May sales declines Tiny
Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector
job losses/factory orders worse than expected, new record continuing
unemployment claims, bernanke spend more money you don’t have but cut
debilitating deficit…riiiiight…sounds like a plan with more job losses to come,
etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As
the Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD
$63.8 TRILLION... The Big Collapse
Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record
decline in real estate prices, $80+ oil
coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
, world economy to shrink by worse than
previously predicted 2.9% and big difference between not getting worse and
getting better, leading
indicators up far more than expected … bull s**t …based in large part on
inflated stock price component … more bull s**t … new
reform with same old frauds say increased capital requirements and oversight of
the overseers/rating agencies (riiiiight!…same old,same old - already have but
no will to enforce existing laws, etc.), analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets Insiders Exit Shares at the
Fastest Pace in Two Years BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... The Next Bubble Is Here. Have You Bought In? Here
we go again! Barney Frank asks FANNIE and FREDDIE to relax Mortgage lending
rules... Fed Tried to Cover-up Its Involvement in Bank of America-Merrill
Deal Dollar
And Stocks Drop As China Calls For New Global Currency Citigroup
Ordered to Suspend Some Operations in Japan Bernanke
Grilling May Weaken Case for Fed as Risk Regulator Citi boosting salaries to offset lower bonuses,
allegedly to retain the clowns who helped make them taxpayer dependant and
cause the current debacle; how ‘bout firing them instead and offering
opportunity to the new, particularly non-ivy league vegetable garden grads [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. Home Prices Drop 6.8 Percent
in April as Foreclosures Rise [$$] Red Roof Inn Defaults on Mortgage Debt (at The
Wall Street Journal Online)
MySpace to cut two-thirds of global
workforce GM to cut 4,000 more white-collar jobs
by year end Oracle tops forecasts despite sales,
profit dip; stated another way, bad news will be shilled as good news (AP) California
Collapsing Bankster “Holiday” Planned for
September? Recession Sparking Global Unrest
Is Your Portfolio Ready for the Next
Leg Down? S&P turns negative for year in
broad sell-off (Reuters) Goldman Sachs on pace for record bonuses: report
(Reuters) Numbers On Welfare See Sharp
Increase Top Insiders Playing You For A
Sucker? The death of the dollar. Who
could deny it? Stanford indicted in
massive U.S. fraud case which is small potatoes compared to ubiquitously
massive wall street securities fraud which caused the ongoing financial debacle Venture
Capital Bubble Set to Burst, Kedrosky Says Obama Plans to Cut Bank
Regulators, Allow Fed to Supervise Financial Holding Companies – The old fox
guarding the henhouse tricks Federal Reserve unwisely to
gain power under plan Federal Reserve Foolishly
To
Be Given Sweeping New Powers Yen Strengthens Most in Month
as Asian Stocks Drop, Gold Gains RUSSIA
CHALLENGES WORTHLESS DOLLAR... AIG says former
top exec plundered retirement plan [video] The Too-Big-to-Fail
Problem [6.8 min] (at MarketWatch) [$$] Too Big to
Solve? (at The Wall Street Journal Online) Buy and Hold Is
Dead. Long Live Buy and Hold! Financial Bailout Plan Keeps
Zombie Banks Alive Bernanke then as now in denial
about looming crisis 2005-2007 Retail sales,
drop in jobless claims to a very high even if believed 601,000 yielding record
continuing claims of 6.8 million fuel hope…if you’re a dope Lawmakers
blast Fed, Treasury for BofA "threats" Oil climbs over $73 on
hopes for rising demand U.S. Household
Worth Fell by $1.3 Trillion in First Quarter Predictions of $250
a barrel on oil ECB Fears Reality
of Banking Crisis in 2010: Report Get Ready for Inflation and
Higher Interest Rates Bill To Audit Federal Reserve
Now Has 209 Co-Sponsors Russia May Swap Some U.S.
Treasuries for IMF Debt Fed report shows losses on Bear Stearns, AIG holdings Congress subpoenas the Fed ... Finally!
(AP) Brazil in recession, recovery unlikely this year What a “Jobless Recovery”
Really Means: A Massive Redistribution of Wealth from the Little Guy to the Big
Boys Obama
Tells American Businesses to Drop Dead America’s Fed Addiction “87
Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are Unsafe” Fed Said to
Retreat From Seeking Power to Sell Its Own Debt/Bills WIRE:
Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory
Loss
Obama’s economic model versus
reality Reality
bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government
reports better than private estimates…riiiiight! President
of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now Benefit spending
soars to new high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC:
OIL COULD REACH $90... ----- Existing home
foreclosure sales up, and no profit discount car sales better than
expected Diluting like crazy through new stock
bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
(8-13-09)
Dow
9,398 +36 To stamp out fraud, no change from suckers’ rally worth
reporting for second, third, fourth weeks of March and April -436 for the first week of March -12% for the month of February -8.8% (-775) for the
month of January -1% for fourth week of
January -2.5% for third week of January -4% for second week of January -5% for first full week of
January -34% for the year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 2,009 +10To stamp out fraud, no change from
suckers’ rally worth reporting for second, third, fourth weeks of March and April -84 for
the first week of March -7% for the month of
February -6.4% (-101) for the month of
January -1% for fourth week of January
-3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P
500 1,012 +6 To stamp out fraud, no change from
suckers’ rally worth reporting for second,
third, fourth weeks
of March and
April -52 for the first week of March -11%
for the month of February -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $70.53
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.68 (reg. gas in LAND
OF FRUITS AND NUTS $3.05 REG./ $3.16
MID-GRADE/ $3.25 PREM./ $2.93 DIESEL)/
GOLD $956 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $15
PLATINUM $1,273 / DOLLAR= .69 EURO, 95 YEN, .59 POUND STERLING, ETC. (How low
can you go - LOWER)/ 10 YR NOTE YIELD 3.60% …..… AP Business Highlights … ...Yahoo Market Update... ] YAHOO
- BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Must Read
Economic/Financial Data This Depression is
just beginning The Next Wave of Collapse is Coming Sooner than you think
ABSOLUTELY,
ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN IN THIS UNIQUELY
PREPOSTEROUS AND FRAUDULENT ENVIRONMENT AS SUCKERS’ RALLY CONTINUES BASED ON
EVEN WORSE THAN EXPECTED NEWS [ Insiders Continue to Sell, Sell, Sell (at Seeking Alpha
8/13/09) PAPER: Fresh alert on global
stock markets... Retail sales fall, new jobless claims rise (Reuters) US
Home Foreclosures Set Another Record in July ] PERSONAL & BUSINESS BANKRUPTCIES UP,
WORTHLESS WEIMAR DOLLAR DOWN, FORECLOSURES UP 32% YOY AND 7% MOM AT NEW RECORD,
50% HOMES UNDERWATER, COMMERCIAL TO FOLLOW, $100+ OIL AROUND CORNER;
CELENTE-DEPRESSION NOW UNDERWAY Bob Prechter Quite Sure Next Wave Down Will Be Bigger
and March Lows Will Break Gerald Celente 2.5 Million Jobs Lost Since Obama’s
Presidency PAPER: Fresh alert on global
stock markets...
[ Insiders Continue to Sell, Sell, Sell (at Seeking Alpha –
8/13/09) (7-29-09) Insiders Selling at Alarming
Levels Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [Tarp banks award billions in bonuses... Goldman Sachs on pace for record bonuses: report
(Reuters) Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly Max Keiser: Prosecute the Bankster Crime Syndicate The Market's Horoscope:
Downside Correction ! [ Entering
the Greatest Depression in History Andrew Gavin
Marshall | The crisis has many bubbles, all of which dwarf the
housing bubble burst of 2008. Geithner asks
Congress for higher U.S. debt limit U.S.
regulators close 3 banks, total now 72 US deficit
climbs to 1.3 trillion dollars This Depression is
just beginning The Next Wave of Collapse is Coming Sooner than you think
Back in the Great Depression of 1929 through the 1930’s, we saw
a similar Zig-zag pattern. There was a crash in 1929, followed by a nice rally,
but then the most devastating part of the market collapse followed into the
1930’s. Feds Hit With Biggest Tax Revenue Drop Since
1932... The Great Depression Two Continues There is no coincident data which is
demonstrating this recession is over. Some may be at the bottom, others have a
way to go… An Artifical
Recovery [$$] Why I Went Fully Into
Cash Bob Prechter "Quite Sure" Next Wave Down
Will Be Bigger and March Lows Will Break A REALITY CHECK ON U.S. 'ECONOMIC
RECOVERY' Jeff Nielson - U.S. equities
are rallying again today, and (as usual) it is a rally with no basis in
reality. Most of the enthusiasm comes from another string
of corporate quarterly results which “beat expectations”. I had hoped that the
sheep were starting to clue-in to this silly game, however it appears there is
a still a large pack of Pavlov's Dogs out there – who respond to their
propaganda cues without a moment of actual thought. The truth is that all of
the companies “beating expectations” are still reporting steadily worse results
year-over-year – and in many cases, much worse results. Among the few
exceptions are U.S. financial corporations. However, since accounting-fraud was
legalized in the United States (see “FASB strong-armed into mark-to-fantasy accounting”),
their bottom-lines have had absolutely no connection to their business
operations… The
Real Economy Versus the Make-Believe World of the Government and Financial
Giants In the real economy, unemployment is at
Depression-era levels. Top firms' pension funds plummet Consumer bankruptcies jump 34%
Nine Of Ten Sectors Overbought This Depression is
just beginning US companies
axe 371,000 jobs in July Half of U.S.
mortgages seen underwater by 2011... Recovery ‘not in sight’ says BMW ] CONTINUED FRAUD WITH PROGRAMMED
SUCKERS’ RALLY DESPITE NEW RECORD FOR CONTINUING UNEMPLOYMENT CLAIMS AT 6.3
MILLION AND AS I WARNED, WATCH FOR FAKE REPORTS IN DESPERATION – AND LABOR
DEPT. CAME THROUGH WITH FAKE REPORT AND NEW LIE BASED UPON PEOPLE STOPPED
LOOKING FOR JOBS SO THEIR RATE 9.4 BUT OBAMA SAYS 10% - REALITY IS UNEMPLOYMENT
RATE IS WELL OVER 10%, THEN AIG SOARS ON “PROFIT” WITH $87 BILLION IN TAXPAYER
FUNDS TO PLAY WITH [ Max Keiser: Prosecute the Bankster Crime Syndicate Insiders Continue to Sell, Sell, Sell (at Seeking Alpha) PAPER: Fresh alert on global
stock markets... Retail sales fall, new jobless claims rise (Reuters) US
Home Foreclosures Set Another Record in July (7-29-09)
Insiders Selling at Alarming Levels …Although the level of insider selling is certainly
alarming it's important to note that the very low levels of buying are
particularly alarming. Insiders sell stock for many reasons, but they generally
only buy stock for one reason: they believe the stock is going up. Despite the
fact the media is reporting an end to the recession, a bottom in housing and a
trough in earnings we are seeing a vote of zero confidence from the people who
know these companies better than anyone else…
Entering
the Greatest Depression in History Andrew Gavin
Marshall | The crisis has many bubbles, all of which dwarf the
housing bubble burst of 2008. Geithner asks
Congress for higher U.S. debt limit U.S.
regulators close 3 banks, total now 72 US deficit climbs
to 1.3 trillion dollars Causes of This Depression Yet To Be Addressed Further impoverishment is on the way. More
and more will be laid off and they’ll be no new jobs available. Savings will be
exhausted and most homes that have been financed will be under water. Some banks paid bonuses bigger than income: o This Depression is
just beginning You read that right! Only $400 billion
of that fantastic 6 month “green shoots” stock market rally came from money
market accounts. The rest ($2.3 trillion) was laundered through the banks and
other financial institutions to create the appearance of recovery and to raise
equity for underwater banks rather than forcing them into receivership (which
is where they belong) Bernanke probably knew that congress wouldn’t approve
another TARP-type bailout for dodgy mortgage-backed assets, so he settled on
this shifty plan instead. The only problem is, the banks are still broke,
business investment is at historic lows, consumers are on the ropes, the
unemployment lines are swelling, the homeless shelters are bulging, the pawn
shops are bustling, tent cities are sprouting up everywhere, and according to
MarketWatch, Corporate insiders have recently been selling their companies’
shares at a greater pace than at any time since the top of the bull market in
the fall of 2007.” Face it; the economy is in the crapper and Bernanke’s
trickery hasn’t done a lick of good. The Next Wave of Collapse is Coming Sooner than you think
Back in the Great Depression of 1929 through the 1930’s, we saw
a similar Zig-zag pattern. There was a crash in 1929, followed by a nice rally,
but then the most devastating part of the market collapse followed into the
1930’s. Bob Prechter "Quite Sure" Next Wave Down
Will Be Bigger and March Lows Will Break The
Real Economy Versus the Make-Believe World of the Government and Financial
Giants In the real economy,
unemployment is at Depression-era levels.
Top firms' pension funds plummet Consumer bankruptcies jump 34%
Nine Of Ten Sectors Overbought This Depression is
just beginning Feds Hit With Biggest Tax Revenue Drop Since
1932... The Great Depression Two Continues There is no coincident data which is
demonstrating this recession is over. Some may be at the bottom, others have a
way to go… An
Artifical Recovery [$$] Why I Went Fully Into
Cash US
food stamp list tops 34 million for first time The
Banks Own the Fed, and the Central Banks Own BIS AIG
breakup nets Wall Street $1 billion bonanza: report ‘Underwater’
Mortgages to Hit 48%, Deutsche Bank Says Oil price hits $76, highest
since October...
US companies axe 371,000 jobs in July Half of U.S.
mortgages seen underwater by 2011... Recovery ‘not in sight’ says BMW Half of U.S.
mortgages seen underwater by 2011... Recovery ‘not in sight’ says BMW Recession Worse Than Prior Estimates, Revisions Show Bloomberg | The first 12 months of the U.S.
recession saw the economy shrink more than twice as much as previously
estimated, reflecting even bigger declines in consumer spending and housing,
revised figures showed.
DO YOU REALIZE HOW MANY SUCKERS’ RALLY POINTS WERE ADDED BY THE FAKE NUMBERS
CONTRIBUTING TO THIS NEW COMMISSIONING BUBBLE! REVISED: ECONOMY 2X WORSE...
The government plans big revisions to historical economic
data... Developing... Regulators shut banks in
Fla., NJ, Ohio, Okla... WASHINGTON (7-31-09) (AP) -- Regulators on Friday shut down banks in Florida, New
Jersey, Ohio, Oklahoma and Illinois, boosting to 69 the number of federally
insured banks to fail this year amid the pressures of the weak economy and
mounting loan defaults. PhD
Economist: Fed has Caused Soaring Unemployment, Millions of Foreclosures,
Millions Losing Life Savings and More than $6 Trillion in Lost Output DOLLAR DROPS TO '09 LOW...
Unemployment spreads distress in U.S. home loans Weak Treasury Auctions Raise Worries About Debt
Burden... [$$] Senate Probes
Banks for Meltdown Fraud (at The Wall Street Journal Online) Even Bernanke Admits this Could be Worse than the Great
Depression Senate probes Goldman,
Deutsche: report (Reuters)
The Real Unemployment Rate Hits a 68-Year High 2009 Looking More Like 1929 Dollar Falls to
2009 Low... U.S. Markets Decline After
Weaker Than Expected Data A REALITY CHECK ON U.S.
'ECONOMIC RECOVERY' Jeff Nielson - U.S.
equities are rallying again today, and (as usual) it is a rally with no basis
in reality. ] AND NOTHING REAL OR
POSITIVE AT ALL (IE., STILL NO PROSECUTIONS OF THE FRAUDS ON WALL STREET SO
JUST ANOTHER BUILT-IN COST BY CHURN-AND-EARN COMMISSIONS TO, DEFACTO TAX ON
NON-PERFORMING / DECLINING ECONOMY, DURABLE GOODS DOWN/FORECLOSURES UP,
CONFIDENCE REALISTICALLY DOWN, CORRUPT COMMERCE DEPARTMENT CHIMES IN WITH FAKE
NUMBERS, USED HOME SALES UP WITH DEFAULTS/ SHORT SALES, JOB LOSSES UP, BETTER
THAN EXPECTED MANTRA, GUIDANCE THAT DEFIES REALITY BY A LONG SHOT AS IN LAST
COMMISSIONABLE BUBBLE BUST, JOB/COST CUTS TO BONE, ETC.) ( Max Keiser: Prosecute the Bankster Crime Syndicate Max
Keiser: Goldman Sachs Are “Scum,” “Financial Terrorists” Bank profits not as impressive as they seem
when you take into account TARP funding, changed accounting rules to fudge
books, new stock issues, etc… um Cost
Of Bailout Hits A Whopping $24 Trillion Dollars Entering
the Greatest Depression in History Andrew Gavin
Marshall | The crisis has many bubbles, all of which dwarf the
housing bubble burst of 2008. Geithner asks
Congress for higher U.S. debt limit U.S.
regulators close 3 banks, total now 72 US deficit climbs
to 1.3 trillion dollars Stearns Crucifies Paulson On Bailout Bait And Switch
Fiscal ruin of the Western world beckons Foreign Embassies Urged to Stockpile Local Currencies
Bailout
Overseer Says Banks Misused TARP Funds Regulators shut banks in Calif., Ga. and SD ) TO KEEP
SUCKERS SUCKERED [ (7-29-09) Insiders Selling at Alarming
Levels Insiders Exit Shares at the
Fastest Pace in Two Years Bob Prechter "Quite Sure" Next Wave Down
Will Be Bigger and March Lows Will Break ] AND COMMISSION
DOLLARS FLOWING [Tarp banks award billions in bonuses... Goldman Sachs on pace for record bonuses: report
(Reuters) Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly Max Keiser: Prosecute the Bankster Crime Syndicate Corporate
Media Spotlights Distortion of Market by High Frequency Trading [$$] Big Pay
Packages Return to Wall Street as new fraud gains steam (at The Wall Street
Journal Online) Max Keiser: Goldman Sachs
gang are ’scum’ who have co-opted U.S. gov’t Max
Keiser: Goldman Sachs Are “Scum,” “Financial Terrorists” Max Keiser goes on the offensive during an
appearance on France 24 as he slams Goldman Sachs as “scum” and “financial
terrorists” who should be thrown in jail.
‘Printing
money will lead to serious problems down the road,’ says Jim Rogers Spitzer: Federal Reserve is ‘a
Ponzi scheme, an inside job’ 2009 Looking More
Like 1929 AIG
breakup nets Wall Street $1 billion bonanza: report ] BASED ON
CONTINUED BAD NEWS ( ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF
RECOVERY... Scams
And Bailouts The Cause of World Depression Insiders Continue to Sell, Sell, Sell (at Seeking Alpha
8/13/09) PAPER: Fresh alert on global
stock markets... Retail sales fall, new jobless claims rise (Reuters) US
Home Foreclosures Set Another Record in July (7-29-09) Insiders Selling at Alarming
Levels Entering
the Greatest Depression in History Andrew Gavin
Marshall | The crisis has many bubbles, all of which dwarf the
housing bubble burst of 2008. The
Market's Horoscope: Downside Correction Geithner asks
Congress for higher U.S. debt limit U.S.
regulators close 3 banks, total now 72 US deficit climbs
to 1.3 trillion dollars Causes of Depression Yet To Be Addressed Further impoverishment is on the way. More
and more will be laid off and they’ll be no new jobs available. Savings will be
exhausted and most homes that have been financed will be under water. Some banks paid bonuses bigger than income: o This Depression is
just beginning You read that right! Only $400 billion
of that fantastic 6 month “green shoots” stock market rally came from money
market accounts. The rest ($2.3 trillion) was laundered through the banks and
other financial institutions to create the appearance of recovery and to raise
equity for underwater banks rather than forcing them into receivership (which
is where they belong) Bernanke probably knew that congress wouldn’t approve
another TARP-type bailout for dodgy mortgage-backed assets, so he settled on
this shifty plan instead. The only problem is, the banks are still broke, business
investment is at historic lows, consumers are on the ropes, the unemployment
lines are swelling, the homeless shelters are bulging, the pawn shops are
bustling, tent cities are sprouting up everywhere, and according to
MarketWatch, Corporate insiders have recently been selling their companies’
shares at a greater pace than at any time since the top of the bull market in
the fall of 2007.” Face it; the economy is in the crapper and Bernanke’s
trickery hasn’t done a lick of good. The Next Wave of Collapse is Coming Sooner than you think
Back in the Great Depression of 1929 through the 1930’s, we saw
a similar Zig-zag pattern. There was a crash in 1929, followed by a nice rally,
but then the most devastating part of the market collapse followed into the
1930’s. Feds Hit With Biggest Tax Revenue Drop Since
1932... The Great Depression Two Continues There is no coincident data which is
demonstrating this recession is over. Some may be at the bottom, others have a
way to go… An
Artifical Recovery [$$] Why I Went Fully Into
Cash Bob Prechter "Quite Sure"
Next Wave Down Will Be Bigger and March Lows Will Break The
Real Economy Versus the Make-Believe World of the Government and Financial
Giants In the real economy, unemployment is at
Depression-era levels. US companies
axe 371,000 jobs in July Half of U.S. mortgages seen underwater by 2011...
Recovery ‘not in sight’ says BMW Top firms' pension funds plummet Consumer bankruptcies jump 34%
Nine Of Ten Sectors Overbought This Depression is
just beginning US
food stamp list tops 34 million for first time The
Banks Own the Fed, and the Central Banks Own BIS AIG
breakup nets Wall Street $1 billion bonanza: report ‘Underwater’
Mortgages to Hit 48%, Deutsche Bank Says Oil price hits $76, highest
since October...
US companies axe 371,000 jobs in July Half of U.S.
mortgages seen underwater by 2011... Recovery ‘not in sight’ says BMW Unemployment spreads distress in U.S. home loans Cities in the U.S. Sun Belt states of
California, Florida, Nevada and Arizona dominated the record foreclosure spree
in the first half of the year, but distress in other regions emerged as
joblessness spread, RealtyTrac said on Thursday. Recession
Worse Than Prior Estimates, Revisions Show Bloomberg | The
first 12 months of the U.S. recession saw the economy shrink more than twice as
much as previously estimated, reflecting even bigger declines in consumer
spending and housing, revised figures showed. Do you realize how many suckers’
rally points were added by the fake numbers contributing to this new
commissioning bubble! REVISED: ECONOMY 2X WORSE...
The government plans big revisions to historical economic
data... Developing... Regulators shut banks in
Fla., NJ, Ohio, Okla... WASHINGTON (AP) -- Regulators on Friday shut down banks in Florida, New
Jersey, Ohio, Oklahoma and Illinois, boosting to 69 the number of federally
insured banks to fail this year amid the pressures of the weak economy and
mounting loan defaults. PhD
Economist: Fed has Caused Soaring Unemployment, Millions of Foreclosures,
Millions Losing Life Savings and More than $6 Trillion in Lost Output DOLLAR DROPS TO '09 LOW... 75%
Favor Auditing The Fed Tarp banks
award billions in bonuses... The Real Unemployment Rate Hits a 68-Year High 2009 Looking More Like 1929 Dollar Falls to
2009 Low... Six Georgia banks
fail, bringing year tally to 64.... Rally may cool on earnings reality check Dollar Falls to Near 2009 Low as Economy Pares Refuge
Demand Ben
Bernanke Was Wrong Wall
Street’s Love Affair with Ben Bernanke Mike Whitney | bernanke knows that the country is in a Depression
Scams
And Bailouts The Cause of World Depression New US weekly jobless claims jump Its Official: U.S. Trapped in an Extended Depressionary
Cycle MICROSOFT Profit Drops 29% as
PC Slowdown Weighs on Revenue… they haven’t availed themselves of the fake
assets/books legislation recently passed... AMAZON.COM Profit
Drops 10%... Bernanke:
“I Don’t Know” Which Foreign Banks Were Given Half a Trillion Paul Joseph Watson Grayson grills Fed chairman on destination of credit
swaps. Fed:
unemployment will top 10 percent this year... Foreclosures (those increased home
sales that has been fueling suckers’ rally)
rise 15 percent in first half of 2009 (7-17) Three more banks
fail, bringing 2009 tally to more than double all of 2008 at a total thus far
of 57 Lower Markets on the Horizon Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly The Ultimate Insider Trading Scheme Max Keiser: Goldman Sachs
gang are ’scum’ who have co-opted U.S. gov’t Cost
Of Bailout Hits A Whopping $24 Trillion Dollars Stearns Crucifies Paulson On Bailout Bait And Switch
Fiscal ruin of the Western world beckons Foreign Embassies Urged to Stockpile Local Currencies
Bailout
Overseer Says Banks Misused TARP Funds TARP watchdog says Treasury lacking bank data Goldman Sachs
caused the problems in the first
place… Who can deny that? Budget deficit tops $1 trillion for first time
(AP) CIT Watch: Analysts Says Debt Load Isn't the
Only Problem Geithner Refuses to Rule Out
Continuing Using American Taxpayer as Piggy Bank for Derivatives Losses
WHITE
HOUSE ECON ADVISER CLAIMS SUCCESS: FEWER PEOPLE SEARCHING 'ECONOMIC DEPRESSION'
ON GOOGLE BECAUSE EXPERIENCING IT FIRST-HAND THEY ALREADY KNOW WHAT ECONOMIC
DEPRESSION IS... What
Economy? There’s Nothing Left to Recover There is no economy left to recover. The US manufacturing economy
was lost to offshoring and free trade ideology. It was replaced by a mythical
“New Economy “ ; less bad, not as bad as expected…riiiiight!, tarp money
for the commission frauds on wall street in new manufactured bubble as
actual/real manufacturing down again; consumer confidence down,
commercial loans begin default phase of downturn, 6.9 million continuing
unemployment claims for new record; retail sales down sharply A REALITY CHECK ON U.S. 'ECONOMIC
RECOVERY' Jeff Nielson - U.S. equities
are rallying again today, and (as usual) it is a rally with no basis in
reality. Economist:
FDIC gearing up for bank closures Goldman Sachs Admits Its Software Can “Manipulate Markets
in Unfair Ways and fraudulently generate commissions /trade volume” Max Keiser: Goldman Sachs gang
are ’scum’ who have co-opted U.S. gov’t You Tube | Goldman Sachs are scum– that’s the bottom line.
They have co-opted the government, the Treasury Department and the Federal
Reserve’s functionality. They’ve co-opted the Obama administration & Barack
Obama dances to Goldman Sachs’ tune. True unemployment rate already at 20% This Depression
Will Last For Years Wyoming sees
first bank failure since 1991 China
criticizes dollar AIG Preparing to Pay New
Round of Bonuses... While Talking About Keynesian Stimulus, Feds Are Really
Just Giving Money to the Big Frauds
FDIC
Insurance Fund: It Doesn’t Actually Exist Replacing the dollar as reserve currency US loses 467,000 jobs, unemployment at 9.5% 'We're in the Middle of a Crash': Black Swan... Economic
Expectations – Unemployment Rate Will Reach 15% David Tice: We are going into a depression-15%
unemployment or more on horizon. U.S. consumers fall behind on loans at
record pace FBI: Mortgage
fraud 'rampant' and growing... Celente and Schiff
Predict Food Panic This Year. Watch clips HERE. Fema Camps Built. Wall Street hits 10-week low amid talk of new
stimulus (7-2)Seven more banks fail,
bringing 2009 tally to more than double all of 2008 at a total thus far of 52;
Private sector sheds another 473,000 jobs in June... US lurching towards ‘debt
explosion’ with long-term interest rates on course to double Jim Rogers Sells Dollars, Plans
to Short Treasuries ‘Sucker’s Rally Beginning To Unwind’ daaaah…? Calls grow to supplant dollar as global currency China officials
call for displacing dollar, in time Tracking Two
Depressions, 1929 and now this Mortgage applications fall to 7-month low... Private
sector sheds another 473,000 jobs in June... 'Layoffs may be worsening'... AIG shares drop
after 1-for-20 reverse-stock split (AP) Manhattan
apartment prices skid 13 to 19 percent Job
losses / job concerns realistically weigh on confidence, real estate
values/prices continue downward trend as per Case / Shiller Index (-18.1%, -21%
in california) Consumer
confidence suffers steep fall... Home prices post 18% annual
drop... Worldwide Depression: Review of Global Markets . Four banks
fail, bringing 2009 tally to 19 more than all of 2008 at a total thus far of 44 Dollar Falls Most in Month as China Urges New Reserve
Currency Gerald Celente speaks on Cap and Trade and other handicaps
to the US economy HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH
CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT ONE
PROSECUTION IN THE MOST RECENT MASSIVE
SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS
WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK
MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T),
CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH
THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD
IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE,
RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED
SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS
ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC!
… THAT MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS,
… NOT OUT OF THIN AIR! ] TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP
SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
A REALITY CHECK ON U.S. 'ECONOMIC
RECOVERY' Jeff Nielson - U.S. equities
are rallying again today, and (as usual) it is a rally with no basis in
reality. , personal
income up modest .2% and spending down, China calls for new reserve currency to
supplant worthless dollar Dollar
And Stocks Drop As China Calls For New Global Currency , continuing
unemployment claims at or near record 627,000, weekly unemployment claims up
15,000, and GDP contraction –5.5%, all worse than expected (lennar wider than
expected quarterly loss rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing words/b.s. from fed which
previously predicted no recession that economy still contracting but that the
contraction is somewhat slowing…what b**l s**t!…, analysts- buffet/economy in
shambles, Hogan/negative GDP growth and inflation owing to debasement of the
dollar as well as deficit spending/pump-priming in the trillions, joker
stein/economy a mess and continued job losses, new home sales down .6%; U.S. Home Prices Drop 6.8
Percent in April as Foreclosures Rise foreclosure sales
up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their
40th bank of the year , Next
Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9%
and big difference between not getting worse and getting better, market got
ahead of itself, stalled out, still depression/more job losses, higher oil-gas
prices / higher interest rates / heavy debt to pare down is 1-3 year drag on
economy, even if believed (I don’t) the labor dept. far better than expected
job numbers by increased debt (spending) to produce same is not economically
sound or sustainable, viz., record spending with record low revenues, rating
cuts for bank sector, analysts concur in significant 5-15% (reality says
15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down
1.1%, housing starts allegedly up but if believed will only increase the
plethora of unsold inventories, empire manufacturing index suffers unexpectedly
severe decline…daaaah!, credit dard defaults at record high, analysts concur that
fundamentals don’t support stock rally and that pac money(defacto bribes) might
derail any meaningful reform/regulation which is of concern to the frauds on
wall street who should be prosecuted, record loss of wealth, higher gas prices,
job losses, higher interest rates / yields, higher commodity prices, higher
deficits, hyperinflation, record continuing unemployment claims at 6.8 million,
worthless Weimar dollar crashing, money
supply exploding with hyperinflation/higher interest rates coming, budget deficit
at new highs and trade deficit worse than expected, analyst who called crash
says inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets Jim Rogers: “The Worst is Not
Over” 6/9/2009 A REALITY CHECK ON U.S.
'ECONOMIC RECOVERY' Jeff Nielson - U.S.
equities are rallying again today, and (as usual) it is a rally with no basis
in reality. Markets See a Breakdown in
Technical Support Levels Roubini: USA sees
double-dip recession... Jobless claims rise; GDP dips in 1Q Bernanke faces GOP-led (who are they
kidding-bushies/paulsen went so far as threaten martial law- prosecute now!
They continue to allow the wall street fraud and political theater doesn’t
change their complicity) heat on BofA-Merrill deal Fed Tried to Cover-up Its
Involvement in Bank of America-Merrill Deal U.S. Economy: Jobless Claims
Rise in Sign Labor Market Stagnant Dollar
drops on reserve currency doubts China sells US
bonds to ’show concern’ BRICs May Buy
Each Other’s Bonds in Shift From Dollar China’s holding of US bonds
drops first time in 11 months Russia to Raise Reserve
Currency Issue at BRIC International
Demand for Worthless U.S. Assets Slowed in April IMF says worst not over Senator cashed out during big
stock collapse -- after meeting with Fed, Treasury chiefs! America's AAA
downgrade danger...
Treasury
faces pressure on price of TARP exit A depression so deep even
teen shoppers scrimp US cities may have to be bulldozed in order to survive 1st quarter
wiped out $1.3 trillion for Americans Get Ready for Inflation and
Higher Interest Rates Oil prices near $73 as
energy rally continues Fed Would Be Shut Down If It
Were Audited Fed says
economy weak, but sees signs the slide increasing Mounting
deficits spark jitters about U.S. economy Wall Street falls as
realities dent recovery hopes
Bonds fall on
worries about government's debt load (AP) Oil prices
strike new high for 2009 (AP) The depression quietly deepens
CHINA
AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes,
We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake government job loss report near 40%
better than private forecasts…I don’t think so!…9.4% unemployment rate…try well
over 10% and with stopped looking included over 20% , Jim
Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now China explores
buying $50bn in IMF bonds US retailers
report May sales declines Tiny
Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector
job losses/factory orders worse than expected, new record continuing
unemployment claims, bernanke spend more money you don’t have but cut
debilitating deficit…riiiiight…sounds like a plan with more job losses to come,
etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As
the Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD
$63.8 TRILLION... The Big Collapse
Is Very Near Dollar Declines as Nations Mull Reserve Currency Alternative
Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record
decline in real estate prices, $80+ oil
coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
, world economy to shrink by worse than
previously predicted 2.9% and big difference between not getting worse and
getting better, leading
indicators up far more than expected … bull s**t …based in large part on
inflated stock price component … more bull s**t … new
reform with same old frauds say increased capital requirements and oversight of
the overseers/rating agencies (riiiiight!…same old,same old - already have but
no will to enforce existing laws, etc.), analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets Insiders Exit Shares at the
Fastest Pace in Two Years BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... The Next Bubble Is Here. Have You Bought In? Here
we go again! Barney Frank asks FANNIE and FREDDIE to relax Mortgage lending
rules... Fed Tried to Cover-up Its Involvement in Bank of America-Merrill
Deal Dollar
And Stocks Drop As China Calls For New Global Currency Citigroup
Ordered to Suspend Some Operations in Japan Bernanke
Grilling May Weaken Case for Fed as Risk Regulator Citi boosting salaries to offset lower bonuses,
allegedly to retain the clowns who helped make them taxpayer dependant and
cause the current debacle; how ‘bout firing them instead and offering
opportunity to the new, particularly non-ivy league vegetable garden grads [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. Home Prices Drop 6.8 Percent
in April as Foreclosures Rise [$$] Red Roof Inn Defaults on Mortgage Debt (at The
Wall Street Journal Online)
MySpace to cut two-thirds of global
workforce GM to cut 4,000 more white-collar jobs
by year end Oracle tops forecasts despite sales,
profit dip; stated another way, bad news will be shilled as good news (AP) California
Collapsing Bankster “Holiday” Planned for
September? Recession Sparking Global Unrest
Is Your Portfolio Ready for the Next
Leg Down? S&P turns negative for year in
broad sell-off (Reuters) Goldman Sachs on pace for record bonuses: report
(Reuters) Numbers On Welfare See Sharp
Increase Top Insiders Playing You For A
Sucker? The death of the dollar. Who
could deny it? Stanford indicted in
massive U.S. fraud case which is small potatoes compared to ubiquitously
massive wall street securities fraud which caused the ongoing financial debacle Venture
Capital Bubble Set to Burst, Kedrosky Says Obama Plans to Cut Bank
Regulators, Allow Fed to Supervise Financial Holding Companies – The old fox
guarding the henhouse tricks Federal Reserve unwisely to
gain power under plan Federal Reserve Foolishly
To
Be Given Sweeping New Powers Yen Strengthens Most in Month
as Asian Stocks Drop, Gold Gains RUSSIA
CHALLENGES WORTHLESS DOLLAR... AIG says former
top exec plundered retirement plan [video] The Too-Big-to-Fail
Problem [6.8 min] (at MarketWatch) [$$] Too Big to
Solve? (at The Wall Street Journal Online) Buy and Hold Is
Dead. Long Live Buy and Hold! Financial Bailout Plan Keeps
Zombie Banks Alive Bernanke then as now in denial
about looming crisis 2005-2007 Retail sales, drop
in jobless claims to a very high even if believed 601,000 yielding record
continuing claims of 6.8 million fuel hope…if you’re a dope Lawmakers
blast Fed, Treasury for BofA "threats" Oil climbs over $73 on
hopes for rising demand U.S. Household
Worth Fell by $1.3 Trillion in First Quarter Predictions of $250
a barrel on oil ECB Fears Reality
of Banking Crisis in 2010: Report Get Ready for Inflation and
Higher Interest Rates Bill To Audit Federal Reserve
Now Has 209 Co-Sponsors Russia May Swap Some U.S.
Treasuries for IMF Debt Fed report shows losses on Bear Stearns, AIG holdings Congress subpoenas the Fed ... Finally!
(AP) Brazil in recession, recovery unlikely this year What a “Jobless Recovery”
Really Means: A Massive Redistribution of Wealth from the Little Guy to the Big
Boys Obama
Tells American Businesses to Drop Dead America’s Fed Addiction “87
Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are Unsafe” Fed Said to
Retreat From Seeking Power to Sell Its Own Debt/Bills WIRE:
Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory
Loss
Obama’s economic model versus
reality Reality
bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government
reports better than private estimates…riiiiight! President
of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so! …now Benefit spending
soars to new high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC:
OIL COULD REACH $90... ----- Existing home
foreclosure sales up, and no profit discount car sales better than
expected Diluting
like crazy through new stock bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
(8-12-09)
Dow
9,361 +120 To stamp out fraud, no change from suckers’ rally worth
reporting for second, third, fourth weeks of March and April -436 for the first week of March -12% for the month of February -8.8% (-775) for the
month of January -1% for fourth week of
January -2.5% for third week of January -4% for second week of January -5% for first full week of
January -34% for the year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,998 +29To stamp out fraud, no change from
suckers’ rally worth reporting for second, third, fourth weeks of March and April -84 for
the first week of March -7% for the month of
February -6.4% (-101) for the month of
January -1% for fourth week of January
-3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P
500 1,005 +11 To stamp out fraud, no change from
suckers’ rally worth reporting for second,
third, fourth weeks
of March and
April -52 for the first week of March -11%
for the month of February -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $70.16
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.68 (reg. gas in LAND
OF FRUITS AND NUTS $3.05 REG./ $3.16
MID-GRADE/ $3.25 PREM./ $2.93 DIESEL)/
GOLD $947 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER
$14.54 PLATINUM $1,245 / DOLLAR= .69
EURO, 95 YEN, .59 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE
YIELD 3.71% …..…
AP Business Highlights
… ...Yahoo Market
Update... ] YAHOO - BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Must Read
Economic/Financial Data This Depression is
just beginning The Next Wave of Collapse is Coming Sooner than you think
ABSOLUTELY,
ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN IN THIS UNIQUELY
PREPOSTEROUS AND FRAUDULENT ENVIRONMENT AS SUCKERS’ RALLY CONTINUES BASED ON
B**L S**T ALONE SINCE FORECLOSURES UP AND NEW RECORD, 50% HOMES UNDERWATER,
COMMERCIAL TO FOLLOW; CELENTE-DEPRESSION NOW UNDERWAY Bob Prechter Quite Sure Next Wave Down Will Be Bigger
and March Lows Will Break Gerald Celente 2.5 Million Jobs Lost Since Obama’s
Presidency [ (7-29-09) Insiders Selling at Alarming
Levels Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [Tarp
banks award billions in bonuses... Goldman Sachs on pace for record bonuses: report
(Reuters) Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly Max Keiser: Prosecute the Bankster Crime Syndicate The
Market's Horoscope: Downside Correction ! [ Entering
the Greatest Depression in History Andrew Gavin
Marshall | The crisis has many bubbles, all of which dwarf the housing
bubble burst of 2008. Geithner asks
Congress for higher U.S. debt limit U.S. regulators
close 3 banks, total now 72 US deficit
climbs to 1.3 trillion dollars This Depression is
just beginning The Next Wave of Collapse is Coming Sooner than you think
Back in the Great Depression of 1929 through the 1930’s, we saw
a similar Zig-zag pattern. There was a crash in 1929, followed by a nice rally,
but then the most devastating part of the market collapse followed into the
1930’s. Feds Hit With Biggest Tax Revenue Drop Since
1932... The Great Depression Two Continues There is no coincident data which is
demonstrating this recession is over. Some may be at the bottom, others have a
way to go… An Artifical Recovery
[$$] Why I Went Fully Into
Cash Bob Prechter "Quite Sure"
Next Wave Down Will Be Bigger and March Lows Will Break A REALITY CHECK ON U.S.
'ECONOMIC RECOVERY' Jeff Nielson - U.S.
equities are rallying again today, and (as usual) it is a rally with no basis
in reality. Most of the enthusiasm comes from another string of corporate
quarterly results which “beat expectations”. I had hoped that the sheep were
starting to clue-in to this silly game, however it appears there is a still a
large pack of Pavlov's Dogs out there – who respond to their propaganda cues
without a moment of actual thought. The truth is that all of the companies
“beating expectations” are still reporting steadily worse results
year-over-year – and in many cases, much worse results. Among the few
exceptions are U.S. financial corporations. However, since accounting-fraud was
legalized in the United States (see “FASB strong-armed into mark-to-fantasy accounting”),
their bottom-lines have had absolutely no connection to their business
operations… The
Real Economy Versus the Make-Believe World of the Government and Financial
Giants In the real economy, unemployment is at
Depression-era levels. Top firms' pension funds plummet Consumer bankruptcies jump 34%
Nine Of Ten Sectors Overbought This Depression is
just beginning US companies
axe 371,000 jobs in July Half of U.S. mortgages seen underwater by 2011...
Recovery ‘not in sight’ says BMW ] CONTINUED
FRAUD WITH PROGRAMMED SUCKERS’ RALLY DESPITE NEW RECORD FOR CONTINUING
UNEMPLOYMENT CLAIMS AT 6.3 MILLION AND AS I WARNED, WATCH FOR FAKE REPORTS IN
DESPERATION – AND LABOR DEPT. CAME THROUGH WITH FAKE REPORT AND NEW LIE BASED
UPON PEOPLE STOPPED LOOKING FOR JOBS SO THEIR RATE 9.4 BUT OBAMA SAYS 10% -
REALITY IS UNEMPLOYMENT RATE IS WELL OVER 10%, THEN AIG SOARS ON “PROFIT” WITH
$87 BILLION IN TAXPAYER FUNDS TO PLAY WITH
[ Max Keiser: Prosecute the Bankster Crime Syndicate (7-29-09)
Insiders Selling at Alarming Levels …Although the level of insider selling is certainly
alarming it's important to note that the very low levels of buying are
particularly alarming. Insiders sell stock for many reasons, but they generally
only buy stock for one reason: they believe the stock is going up. Despite the
fact the media is reporting an end to the recession, a bottom in housing and a
trough in earnings we are seeing a vote of zero confidence from the people who
know these companies better than anyone else…
Entering
the Greatest Depression in History Andrew Gavin
Marshall | The crisis has many bubbles, all of which dwarf the
housing bubble burst of 2008. Geithner asks
Congress for higher U.S. debt limit U.S. regulators
close 3 banks, total now 72 US deficit climbs
to 1.3 trillion dollars Causes of This Depression Yet To Be Addressed Further impoverishment is on the way. More
and more will be laid off and they’ll be no new jobs available. Savings will be
exhausted and most homes that have been financed will be under water. Some banks paid bonuses bigger than income: o This Depression is
just beginning You read that right! Only $400 billion
of that fantastic 6 month “green shoots” stock market rally came from money
market accounts. The rest ($2.3 trillion) was laundered through the banks and
other financial institutions to create the appearance of recovery and to raise
equity for underwater banks rather than forcing them into receivership (which
is where they belong) Bernanke probably knew that congress wouldn’t approve
another TARP-type bailout for dodgy mortgage-backed assets, so he settled on
this shifty plan instead. The only problem is, the banks are still broke,
business investment is at historic lows, consumers are on the ropes, the
unemployment lines are swelling, the homeless shelters are bulging, the pawn
shops are bustling, tent cities are sprouting up everywhere, and according to
MarketWatch, Corporate insiders have recently been selling their companies’
shares at a greater pace than at any time since the top of the bull market in
the fall of 2007.” Face it; the economy is in the crapper and Bernanke’s
trickery hasn’t done a lick of good. The Next Wave of Collapse is Coming Sooner than you think
Back in the Great Depression of 1929 through the 1930’s, we saw
a similar Zig-zag pattern. There was a crash in 1929, followed by a nice rally,
but then the most devastating part of the market collapse followed into the
1930’s. Bob Prechter "Quite Sure"
Next Wave Down Will Be Bigger and March Lows Will Break The
Real Economy Versus the Make-Believe World of the Government and Financial
Giants In the real economy,
unemployment is at Depression-era levels.
Top firms' pension funds plummet Consumer bankruptcies jump 34%
Nine Of Ten Sectors Overbought This Depression is
just beginning Feds Hit With Biggest Tax Revenue Drop Since
1932... The Great Depression Two Continues There is no coincident data which is demonstrating
this recession is over. Some may be at the bottom, others have a way to
go… An Artifical Recovery [$$] Why I Went Fully Into
Cash US
food stamp list tops 34 million for first time The
Banks Own the Fed, and the Central Banks Own BIS AIG
breakup nets Wall Street $1 billion bonanza: report ‘Underwater’
Mortgages to Hit 48%, Deutsche Bank Says Oil price hits $76, highest
since October...
US companies axe 371,000 jobs in July Half of U.S.
mortgages seen underwater by 2011... Recovery ‘not in sight’ says BMW Half of U.S. mortgages seen underwater by 2011...
Recovery ‘not in sight’ says BMW Recession Worse Than Prior Estimates, Revisions Show Bloomberg | The first 12 months of the U.S.
recession saw the economy shrink more than twice as much as previously
estimated, reflecting even bigger declines in consumer spending and housing,
revised figures showed.
DO YOU REALIZE HOW MANY SUCKERS’ RALLY POINTS WERE ADDED BY THE FAKE NUMBERS
CONTRIBUTING TO THIS NEW COMMISSIONING BUBBLE! REVISED: ECONOMY 2X WORSE...
The government plans big revisions to historical economic
data... Developing... Regulators shut banks in
Fla., NJ, Ohio, Okla... WASHINGTON (7-31-09) (AP) -- Regulators on Friday shut down banks in Florida, New
Jersey, Ohio, Oklahoma and Illinois, boosting to 69 the number of federally
insured banks to fail this year amid the pressures of the weak economy and
mounting loan defaults. PhD
Economist: Fed has Caused Soaring Unemployment, Millions of Foreclosures,
Millions Losing Life Savings and More than $6 Trillion in Lost Output DOLLAR DROPS TO '09 LOW... Unemployment spreads distress in U.S. home loans Weak
Treasury Auctions Raise Worries About Debt Burden...
[$$] Senate
Probes Banks for Meltdown Fraud (at The Wall Street Journal Online) Even Bernanke Admits this Could be Worse than the Great
Depression Senate probes Goldman,
Deutsche: report (Reuters)
The Real Unemployment Rate Hits a 68-Year High 2009 Looking More Like 1929 Dollar Falls to
2009 Low... U.S. Markets Decline After
Weaker Than Expected Data A REALITY CHECK ON U.S. 'ECONOMIC RECOVERY' Jeff Nielson - U.S. equities are rallying
again today, and (as usual) it is a rally with no basis in reality. ] AND NOTHING REAL OR
POSITIVE AT ALL (IE., STILL NO PROSECUTIONS OF THE FRAUDS ON WALL STREET SO
JUST ANOTHER BUILT-IN COST BY CHURN-AND-EARN COMMISSIONS TO, DEFACTO TAX ON
NON-PERFORMING / DECLINING ECONOMY, DURABLE GOODS DOWN/FORECLOSURES UP,
CONFIDENCE REALISTICALLY DOWN, CORRUPT COMMERCE DEPARTMENT CHIMES IN WITH FAKE
NUMBERS, USED HOME SALES UP WITH DEFAULTS/ SHORT SALES, JOB LOSSES UP, BETTER
THAN EXPECTED MANTRA, GUIDANCE THAT DEFIES REALITY BY A LONG SHOT AS IN LAST
COMMISSIONABLE BUBBLE BUST, JOB/COST CUTS TO BONE, ETC.) ( Max Keiser: Prosecute the Bankster Crime Syndicate Max
Keiser: Goldman Sachs Are “Scum,” “Financial Terrorists” Bank profits not as impressive as they seem
when you take into account TARP funding, changed accounting rules to fudge
books, new stock issues, etc… um Cost
Of Bailout Hits A Whopping $24 Trillion Dollars Entering
the Greatest Depression in History Andrew Gavin
Marshall | The crisis has many bubbles, all of which dwarf the
housing bubble burst of 2008. Geithner asks
Congress for higher U.S. debt limit U.S.
regulators close 3 banks, total now 72 US deficit climbs
to 1.3 trillion dollars Stearns Crucifies Paulson On Bailout Bait And Switch
Fiscal ruin of the Western world beckons Foreign Embassies Urged to Stockpile Local Currencies
Bailout
Overseer Says Banks Misused TARP Funds Regulators shut banks in Calif., Ga. and SD ) TO KEEP
SUCKERS SUCKERED [ (7-29-09) Insiders Selling at Alarming
Levels Insiders Exit Shares at the
Fastest Pace in Two Years Bob Prechter "Quite Sure"
Next Wave Down Will Be Bigger and March Lows Will Break ] AND COMMISSION DOLLARS
FLOWING [Tarp
banks award billions in bonuses... Goldman Sachs on pace for record bonuses: report
(Reuters) Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly Max Keiser: Prosecute the Bankster Crime Syndicate Corporate
Media Spotlights Distortion of Market by High Frequency Trading [$$] Big Pay
Packages Return to Wall Street as new fraud gains steam (at The Wall Street
Journal Online) Max Keiser: Goldman Sachs
gang are ’scum’ who have co-opted U.S. gov’t Max
Keiser: Goldman Sachs Are “Scum,” “Financial Terrorists” Max Keiser goes on the offensive during an
appearance on France 24 as he slams Goldman Sachs as “scum” and “financial
terrorists” who should be thrown in jail.
‘Printing
money will lead to serious problems down the road,’ says Jim Rogers Spitzer: Federal Reserve is ‘a
Ponzi scheme, an inside job’ 2009 Looking More
Like 1929 AIG
breakup nets Wall Street $1 billion bonanza: report ] BASED ON
CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... Scams
And Bailouts The Cause of World Depression (7-29-09) Insiders Selling at Alarming
Levels Entering
the Greatest Depression in History Andrew Gavin
Marshall | The crisis has many bubbles, all of which dwarf the
housing bubble burst of 2008. The
Market's Horoscope: Downside Correction Geithner asks
Congress for higher U.S. debt limit U.S.
regulators close 3 banks, total now 72 US deficit climbs
to 1.3 trillion dollars Causes of Depression Yet To Be Addressed Further impoverishment is on the way. More
and more will be laid off and they’ll be no new jobs available. Savings will be
exhausted and most homes that have been financed will be under water. Some banks paid bonuses bigger than income: o This Depression is
just beginning You read that right! Only $400 billion
of that fantastic 6 month “green shoots” stock market rally came from money
market accounts. The rest ($2.3 trillion) was laundered through the banks and
other financial institutions to create the appearance of recovery and to raise
equity for underwater banks rather than forcing them into receivership (which
is where they belong) Bernanke probably knew that congress wouldn’t approve
another TARP-type bailout for dodgy mortgage-backed assets, so he settled on
this shifty plan instead. The only problem is, the banks are still broke,
business investment is at historic lows, consumers are on the ropes, the
unemployment lines are swelling, the homeless shelters are bulging, the pawn
shops are bustling, tent cities are sprouting up everywhere, and according to
MarketWatch, Corporate insiders have recently been selling their companies’
shares at a greater pace than at any time since the top of the bull market in
the fall of 2007.” Face it; the economy is in the crapper and Bernanke’s
trickery hasn’t done a lick of good. The Next Wave of Collapse is Coming Sooner than you think
Back in the Great Depression of 1929 through the 1930’s, we saw
a similar Zig-zag pattern. There was a crash in 1929, followed by a nice rally,
but then the most devastating part of the market collapse followed into the
1930’s. Feds Hit With Biggest Tax Revenue Drop Since
1932... The Great Depression Two Continues There is no coincident data which is
demonstrating this recession is over. Some may be at the bottom, others have a
way to go… An
Artifical Recovery [$$] Why I Went Fully Into
Cash Bob Prechter "Quite Sure"
Next Wave Down Will Be Bigger and March Lows Will Break The
Real Economy Versus the Make-Believe World of the Government and Financial
Giants In the real economy, unemployment is at
Depression-era levels. US companies
axe 371,000 jobs in July Half of U.S. mortgages seen underwater by 2011...
Recovery ‘not in sight’ says BMW Top firms' pension funds plummet Consumer bankruptcies jump 34%
Nine Of Ten Sectors Overbought This Depression is
just beginning US
food stamp list tops 34 million for first time The
Banks Own the Fed, and the Central Banks Own BIS AIG
breakup nets Wall Street $1 billion bonanza: report ‘Underwater’
Mortgages to Hit 48%, Deutsche Bank Says Oil price hits $76, highest
since October...
US companies axe 371,000 jobs in July Half of U.S.
mortgages seen underwater by 2011... Recovery ‘not in sight’ says BMW Unemployment spreads distress in U.S. home loans Cities in the U.S. Sun Belt states of
California, Florida, Nevada and Arizona dominated the record foreclosure spree
in the first half of the year, but distress in other regions emerged as
joblessness spread, RealtyTrac said on Thursday. Recession
Worse Than Prior Estimates, Revisions Show Bloomberg | The
first 12 months of the U.S. recession saw the economy shrink more than twice as
much as previously estimated, reflecting even bigger declines in consumer
spending and housing, revised figures showed. Do you realize how many suckers’
rally points were added by the fake numbers contributing to this new
commissioning bubble! REVISED: ECONOMY 2X WORSE...
The government plans big revisions to historical economic
data... Developing... Regulators shut banks in
Fla., NJ, Ohio, Okla... WASHINGTON (AP) -- Regulators on Friday shut down banks in Florida, New
Jersey, Ohio, Oklahoma and Illinois, boosting to 69 the number of federally
insured banks to fail this year amid the pressures of the weak economy and
mounting loan defaults. PhD Economist:
Fed has Caused Soaring Unemployment, Millions of Foreclosures, Millions Losing
Life Savings and More than $6 Trillion in Lost Output DOLLAR DROPS TO '09 LOW... 75%
Favor Auditing The Fed Tarp banks
award billions in bonuses... The Real Unemployment Rate Hits a 68-Year High 2009 Looking More Like 1929 Dollar Falls to
2009 Low... Six Georgia banks
fail, bringing year tally to 64.... Rally may cool on earnings reality check Dollar Falls to Near 2009 Low as Economy Pares Refuge
Demand Ben
Bernanke Was Wrong Wall
Street’s Love Affair with Ben Bernanke Mike Whitney | bernanke knows that the country is in a Depression
Scams
And Bailouts The Cause of World Depression New US weekly jobless claims jump Its Official: U.S. Trapped in an Extended Depressionary Cycle
MICROSOFT Profit Drops 29% as
PC Slowdown Weighs on Revenue… they haven’t availed themselves of the fake
assets/books legislation recently passed... AMAZON.COM Profit
Drops 10%... Bernanke:
“I Don’t Know” Which Foreign Banks Were Given Half a Trillion Paul Joseph Watson Grayson grills Fed chairman on destination of credit
swaps. Fed:
unemployment will top 10 percent this year... Foreclosures (those increased home
sales that has been fueling suckers’ rally)
rise 15 percent in first half of 2009 (7-17) Three more banks
fail, bringing 2009 tally to more than double all of 2008 at a total thus far
of 57 Lower Markets on the Horizon Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly The Ultimate Insider Trading Scheme Max Keiser: Goldman Sachs
gang are ’scum’ who have co-opted U.S. gov’t Cost
Of Bailout Hits A Whopping $24 Trillion Dollars Stearns Crucifies Paulson On Bailout Bait And Switch
Fiscal ruin of the Western world beckons Foreign Embassies Urged to Stockpile Local Currencies
Bailout
Overseer Says Banks Misused TARP Funds TARP watchdog says Treasury lacking bank data Goldman Sachs
caused the problems in the first
place… Who can deny that? Budget deficit tops $1 trillion for first time
(AP) CIT Watch: Analysts Says Debt Load Isn't the
Only Problem Geithner Refuses to Rule Out
Continuing Using American Taxpayer as Piggy Bank for Derivatives Losses
WHITE
HOUSE ECON ADVISER CLAIMS SUCCESS: FEWER PEOPLE SEARCHING 'ECONOMIC DEPRESSION'
ON GOOGLE BECAUSE EXPERIENCING IT FIRST-HAND THEY ALREADY KNOW WHAT ECONOMIC
DEPRESSION IS... What
Economy? There’s Nothing Left to Recover There is no economy left to recover. The US manufacturing economy
was lost to offshoring and free trade ideology. It was replaced by a mythical
“New Economy “ ; less bad, not as bad as expected…riiiiight!, tarp money
for the commission frauds on wall street in new manufactured bubble as
actual/real manufacturing down again; consumer confidence down,
commercial loans begin default phase of downturn, 6.9 million continuing
unemployment claims for new record; retail sales down sharply A REALITY CHECK ON U.S. 'ECONOMIC
RECOVERY' Jeff Nielson - U.S. equities
are rallying again today, and (as usual) it is a rally with no basis in
reality. Economist:
FDIC gearing up for bank closures Goldman Sachs Admits Its Software Can “Manipulate Markets
in Unfair Ways and fraudulently generate commissions /trade volume” Max Keiser: Goldman Sachs gang
are ’scum’ who have co-opted U.S. gov’t You Tube | Goldman Sachs are scum– that’s the bottom line.
They have co-opted the government, the Treasury Department and the Federal
Reserve’s functionality. They’ve co-opted the Obama administration & Barack
Obama dances to Goldman Sachs’ tune. True unemployment rate already at 20% This Depression
Will Last For Years Wyoming sees
first bank failure since 1991 China
criticizes dollar AIG Preparing to Pay New
Round of Bonuses... While Talking About Keynesian Stimulus, Feds Are Really
Just Giving Money to the Big Frauds
FDIC
Insurance Fund: It Doesn’t Actually Exist Replacing the dollar as reserve currency US loses 467,000 jobs, unemployment at 9.5% 'We're in the Middle of a Crash': Black Swan... Economic
Expectations – Unemployment Rate Will Reach 15% David Tice: We are going into a depression-15%
unemployment or more on horizon. U.S. consumers fall behind on loans at
record pace FBI: Mortgage
fraud 'rampant' and growing... Celente and Schiff
Predict Food Panic This Year. Watch clips HERE. Fema Camps Built. Wall Street hits 10-week low amid talk of new
stimulus (7-2)Seven more banks fail,
bringing 2009 tally to more than double all of 2008 at a total thus far of 52;
Private sector sheds another 473,000 jobs in June... US lurching towards ‘debt
explosion’ with long-term interest rates on course to double Jim Rogers Sells Dollars, Plans
to Short Treasuries ‘Sucker’s Rally Beginning To Unwind’ daaaah…? Calls grow to supplant dollar as global currency China officials
call for displacing dollar, in time Tracking Two
Depressions, 1929 and now this Mortgage applications fall to 7-month low... Private
sector sheds another 473,000 jobs in June... 'Layoffs may be worsening'... AIG shares drop
after 1-for-20 reverse-stock split (AP) Manhattan
apartment prices skid 13 to 19 percent Job
losses / job concerns realistically weigh on confidence, real estate
values/prices continue downward trend as per Case / Shiller Index (-18.1%, -21%
in california) Consumer
confidence suffers steep fall... Home prices post 18% annual
drop... Worldwide Depression: Review of Global Markets . Four banks
fail, bringing 2009 tally to 19 more than all of 2008 at a total thus far of 44 Dollar Falls Most in Month as China Urges New Reserve
Currency Gerald Celente speaks on Cap and Trade and other handicaps
to the US economy HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH
CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT ONE
PROSECUTION IN THE MOST RECENT MASSIVE
SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS
WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK
MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T),
CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH
THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD
IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE,
RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED
SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS
ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC!
… THAT MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS,
… NOT OUT OF THIN AIR! ] TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP
SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
A REALITY CHECK ON U.S. 'ECONOMIC
RECOVERY' Jeff Nielson - U.S. equities
are rallying again today, and (as usual) it is a rally with no basis in
reality. , personal
income up modest .2% and spending down, China calls for new reserve currency to
supplant worthless dollar Dollar
And Stocks Drop As China Calls For New Global Currency , continuing
unemployment claims at or near record 627,000, weekly unemployment claims up
15,000, and GDP contraction –5.5%, all worse than expected (lennar wider than
expected quarterly loss rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing words/b.s. from fed which
previously predicted no recession that economy still contracting but that the
contraction is somewhat slowing…what b**l s**t!…, analysts- buffet/economy in
shambles, Hogan/negative GDP growth and inflation owing to debasement of the
dollar as well as deficit spending/pump-priming in the trillions, joker
stein/economy a mess and continued job losses, new home sales down .6%; U.S. Home Prices Drop 6.8
Percent in April as Foreclosures Rise foreclosure sales
up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their
40th bank of the year , Next
Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9%
and big difference between not getting worse and getting better, market got
ahead of itself, stalled out, still depression/more job losses, higher oil-gas
prices / higher interest rates / heavy debt to pare down is 1-3 year drag on
economy, even if believed (I don’t) the labor dept. far better than expected
job numbers by increased debt (spending) to produce same is not economically
sound or sustainable, viz., record spending with record low revenues, rating
cuts for bank sector, analysts concur in significant 5-15% (reality says
15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down
1.1%, housing starts allegedly up but if believed will only increase the
plethora of unsold inventories, empire manufacturing index suffers unexpectedly
severe decline…daaaah!, credit dard defaults at record high, analysts concur
that fundamentals don’t support stock rally and that pac money(defacto bribes)
might derail any meaningful reform/regulation which is of concern to the frauds
on wall street who should be prosecuted, record loss of wealth, higher gas
prices, job losses, higher interest rates / yields, higher commodity prices,
higher deficits, hyperinflation, record continuing unemployment claims at 6.8
million, worthless Weimar dollar crashing,
money supply exploding with hyperinflation/higher interest rates coming,
budget deficit at new highs and trade deficit worse than expected, analyst who
called crash says inflationary depression, banks passed stress tests only with
the help of fraudulent change in accounting rules, banks still insolvent, toxic
assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end
of year, Obama/bernanke continuing failed policies of bush greenspan,
recommends getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not
Over” 6/9/2009 A REALITY CHECK ON U.S.
'ECONOMIC RECOVERY' Jeff Nielson - U.S.
equities are rallying again today, and (as usual) it is a rally with no basis
in reality. Markets See a Breakdown in
Technical Support Levels Roubini: USA sees
double-dip recession... Jobless claims rise; GDP dips in 1Q Bernanke faces GOP-led (who are they
kidding-bushies/paulsen went so far as threaten martial law- prosecute now!
They continue to allow the wall street fraud and political theater doesn’t
change their complicity) heat on BofA-Merrill deal Fed Tried to Cover-up Its
Involvement in Bank of America-Merrill Deal U.S. Economy: Jobless Claims
Rise in Sign Labor Market Stagnant Dollar
drops on reserve currency doubts China sells US
bonds to ’show concern’ BRICs May Buy
Each Other’s Bonds in Shift From Dollar China’s holding of US bonds
drops first time in 11 months Russia to Raise Reserve
Currency Issue at BRIC International
Demand for Worthless U.S. Assets Slowed in April IMF says worst not over Senator cashed out during big
stock collapse -- after meeting with Fed, Treasury chiefs! America's AAA
downgrade danger...
Treasury
faces pressure on price of TARP exit A depression so deep even
teen shoppers scrimp US cities may have to be bulldozed in order to survive 1st quarter
wiped out $1.3 trillion for Americans Get Ready for Inflation and
Higher Interest Rates Oil prices near $73 as energy
rally continues Fed Would Be Shut Down If It
Were Audited Fed says
economy weak, but sees signs the slide increasing Mounting
deficits spark jitters about U.S. economy Wall Street falls as
realities dent recovery hopes
Bonds fall on
worries about government's debt load (AP) Oil prices
strike new high for 2009 (AP) The depression quietly deepens
CHINA
AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes,
We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake government job loss report near 40%
better than private forecasts…I don’t think so!…9.4% unemployment rate…try well
over 10% and with stopped looking included over 20% , Jim
Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now China explores
buying $50bn in IMF bonds US retailers
report May sales declines Tiny
Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector
job losses/factory orders worse than expected, new record continuing
unemployment claims, bernanke spend more money you don’t have but cut
debilitating deficit…riiiiight…sounds like a plan with more job losses to come,
etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As
the Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD
$63.8 TRILLION... The Big Collapse
Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record
decline in real estate prices, $80+ oil
coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
, world economy to shrink by worse than
previously predicted 2.9% and big difference between not getting worse and
getting better, leading
indicators up far more than expected … bull s**t …based in large part on
inflated stock price component … more bull s**t … new
reform with same old frauds say increased capital requirements and oversight of
the overseers/rating agencies (riiiiight!…same old,same old - already have but
no will to enforce existing laws, etc.), analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets Insiders Exit Shares at the
Fastest Pace in Two Years BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... The Next Bubble Is Here. Have You Bought In? Here
we go again! Barney Frank asks FANNIE and FREDDIE to relax Mortgage lending
rules... Fed Tried to Cover-up Its Involvement in Bank of America-Merrill
Deal Dollar
And Stocks Drop As China Calls For New Global Currency Citigroup
Ordered to Suspend Some Operations in Japan Bernanke
Grilling May Weaken Case for Fed as Risk Regulator Citi boosting salaries to offset lower bonuses,
allegedly to retain the clowns who helped make them taxpayer dependant and
cause the current debacle; how ‘bout firing them instead and offering opportunity
to the new, particularly non-ivy league vegetable garden grads [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. Home Prices Drop 6.8 Percent
in April as Foreclosures Rise [$$] Red Roof Inn Defaults on Mortgage Debt (at The
Wall Street Journal Online)
MySpace to cut two-thirds of global
workforce GM to cut 4,000 more white-collar jobs
by year end Oracle tops forecasts despite sales,
profit dip; stated another way, bad news will be shilled as good news (AP) California
Collapsing Bankster “Holiday” Planned for
September? Recession Sparking Global Unrest
Is Your Portfolio Ready for the Next
Leg Down? S&P turns negative for year in
broad sell-off (Reuters) Goldman Sachs on pace for record bonuses: report
(Reuters) Numbers On Welfare See Sharp
Increase Top Insiders Playing You For A
Sucker? The death of the dollar. Who
could deny it? Stanford indicted in
massive U.S. fraud case which is small potatoes compared to ubiquitously
massive wall street securities fraud which caused the ongoing financial debacle Venture
Capital Bubble Set to Burst, Kedrosky Says Obama Plans to Cut Bank
Regulators, Allow Fed to Supervise Financial Holding Companies – The old fox
guarding the henhouse tricks Federal Reserve unwisely to
gain power under plan Federal Reserve Foolishly
To
Be Given Sweeping New Powers Yen Strengthens Most in Month
as Asian Stocks Drop, Gold Gains RUSSIA
CHALLENGES WORTHLESS DOLLAR... AIG says former
top exec plundered retirement plan [video] The Too-Big-to-Fail
Problem [6.8 min] (at MarketWatch) [$$] Too Big to
Solve? (at The Wall Street Journal Online) Buy and Hold Is
Dead. Long Live Buy and Hold! Financial Bailout Plan Keeps
Zombie Banks Alive Bernanke then as now in denial
about looming crisis 2005-2007 Retail sales,
drop in jobless claims to a very high even if believed 601,000 yielding record
continuing claims of 6.8 million fuel hope…if you’re a dope Lawmakers
blast Fed, Treasury for BofA "threats" Oil climbs over $73 on
hopes for rising demand U.S. Household
Worth Fell by $1.3 Trillion in First Quarter Predictions of $250
a barrel on oil ECB Fears Reality
of Banking Crisis in 2010: Report Get Ready for Inflation and
Higher Interest Rates Bill To Audit Federal Reserve
Now Has 209 Co-Sponsors Russia May Swap Some U.S.
Treasuries for IMF Debt Fed report shows losses on Bear Stearns, AIG holdings Congress subpoenas the Fed ... Finally!
(AP) Brazil in recession, recovery unlikely this year What a “Jobless Recovery”
Really Means: A Massive Redistribution of Wealth from the Little Guy to the Big
Boys Obama
Tells American Businesses to Drop Dead America’s Fed Addiction “87
Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are Unsafe” Fed Said to
Retreat From Seeking Power to Sell Its Own Debt/Bills WIRE:
Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory
Loss
Obama’s economic model versus
reality Reality
bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government
reports better than private estimates…riiiiight! President
of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now Benefit spending
soars to new high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC:
OIL COULD REACH $90... ----- Existing home
foreclosure sales up, and no profit discount car sales better than
expected Diluting like crazy through new stock
bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
(8-11-09)
Dow
9,241 –96 To stamp out fraud, no change from suckers’ rally worth
reporting for second, third, fourth weeks of March and April -436 for the first week of March -12% for the month of February -8.8% (-775) for the
month of January -1% for fourth week of
January -2.5% for third week of January -4% for second week of January -5% for first full week of
January -34% for the year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,969 –22 To stamp out fraud, no change from
suckers’ rally worth reporting for second, third, fourth weeks of March and April -84 for
the first week of March -7% for the month of
February -6.4% (-101) for the month of
January -1% for fourth week of January
-3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P
500 994 –12 To stamp out fraud, no change from suckers’
rally worth reporting for second,
third, fourth weeks
of March and
April -52 for the first week of March -11%
for the month of February -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $69.45
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.65 (reg. gas in LAND
OF FRUITS AND NUTS $3.00 REG./ $3.13
MID-GRADE/ $3.23 PREM./ $2.89 DIESEL)/
GOLD $947 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER
$14.35 PLATINUM $1,238 / DOLLAR= .69
EURO, 94 YEN, .59 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE
YIELD 3.67% …..…
AP Business Highlights
… ...Yahoo Market
Update... ] YAHOO - BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Must Read
Economic/Financial Data This Depression is
just beginning The Next Wave of Collapse is Coming Sooner than you think
ABSOLUTELY,
ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN IN THIS UNIQUELY
PREPOSTEROUS AND FRAUDULENT ENVIRONMENT AS SUCKERS’ RALLY CONTINUES TO END OFF
LOWS FOR MODEST LOSSES RELATIVE TO REALITY TO KEEP SUCKERS SUCKERED Bob Prechter Quite Sure Next Wave
Down Will Be Bigger and March Lows Will Break [ (7-29-09) Insiders Selling at Alarming
Levels Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [Tarp
banks award billions in bonuses... Goldman Sachs on pace for record bonuses: report
(Reuters) Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly Max Keiser: Prosecute the Bankster Crime Syndicate The
Market's Horoscope: Downside Correction ! [ Entering
the Greatest Depression in History Andrew Gavin
Marshall | The crisis has many bubbles, all of which dwarf the
housing bubble burst of 2008. Geithner asks
Congress for higher U.S. debt limit U.S.
regulators close 3 banks, total now 72 US deficit
climbs to 1.3 trillion dollars This Depression is
just beginning The Next Wave of Collapse is Coming Sooner than you think
Back in the Great Depression of 1929 through the 1930’s, we saw
a similar Zig-zag pattern. There was a crash in 1929, followed by a nice rally,
but then the most devastating part of the market collapse followed into the
1930’s. Feds Hit With Biggest Tax Revenue Drop Since
1932... The Great Depression Two Continues There is no coincident data which is
demonstrating this recession is over. Some may be at the bottom, others have a
way to go… An Artifical
Recovery [$$] Why I Went Fully Into
Cash Bob Prechter "Quite Sure"
Next Wave Down Will Be Bigger and March Lows Will Break A REALITY CHECK ON U.S.
'ECONOMIC RECOVERY' Jeff Nielson - U.S.
equities are rallying again today, and (as usual) it is a rally with no basis
in reality. Most of the enthusiasm comes from another string of corporate
quarterly results which “beat expectations”. I had hoped that the sheep were
starting to clue-in to this silly game, however it appears there is a still a
large pack of Pavlov's Dogs out there – who respond to their propaganda cues
without a moment of actual thought. The truth is that all of the companies
“beating expectations” are still reporting steadily worse results
year-over-year – and in many cases, much worse results. Among the few
exceptions are U.S. financial corporations. However, since accounting-fraud was
legalized in the United States (see “FASB strong-armed into mark-to-fantasy accounting”),
their bottom-lines have had absolutely no connection to their business
operations… The
Real Economy Versus the Make-Believe World of the Government and Financial
Giants In the real economy, unemployment is at
Depression-era levels. Top firms' pension funds plummet Consumer bankruptcies jump 34%
Nine Of Ten Sectors Overbought This Depression is
just beginning US companies
axe 371,000 jobs in July Half of U.S. mortgages seen underwater by 2011...
Recovery ‘not in sight’ says BMW ] CONTINUED
FRAUD WITH PROGRAMMED SUCKERS’ RALLY DESPITE NEW RECORD FOR CONTINUING
UNEMPLOYMENT CLAIMS AT 6.3 MILLION AND AS I WARNED, WATCH FOR FAKE REPORTS IN
DESPERATION – AND LABOR DEPT. CAME THROUGH WITH FAKE REPORT AND NEW LIE BASED
UPON PEOPLE STOPPED LOOKING FOR JOBS SO THEIR RATE 9.4 BUT OBAMA SAYS 10% -
REALITY IS UNEMPLOYMENT RATE IS WELL OVER 10%, THEN AIG SOARS ON “PROFIT” WITH
$87 BILLION IN TAXPAYER FUNDS TO PLAY WITH
[ Max Keiser: Prosecute the Bankster Crime Syndicate (7-29-09)
Insiders Selling at Alarming Levels …Although the level of insider selling is certainly
alarming it's important to note that the very low levels of buying are
particularly alarming. Insiders sell stock for many reasons, but they generally
only buy stock for one reason: they believe the stock is going up. Despite the
fact the media is reporting an end to the recession, a bottom in housing and a
trough in earnings we are seeing a vote of zero confidence from the people who
know these companies better than anyone else…
Entering
the Greatest Depression in History Andrew Gavin
Marshall | The crisis has many bubbles, all of which dwarf the
housing bubble burst of 2008. Geithner asks
Congress for higher U.S. debt limit U.S.
regulators close 3 banks, total now 72 US deficit climbs
to 1.3 trillion dollars Causes of This Depression Yet To Be Addressed Further impoverishment is on the way. More
and more will be laid off and they’ll be no new jobs available. Savings will be
exhausted and most homes that have been financed will be under water. Some banks paid bonuses bigger than income: o This Depression is
just beginning You read that right! Only $400 billion
of that fantastic 6 month “green shoots” stock market rally came from money
market accounts. The rest ($2.3 trillion) was laundered through the banks and
other financial institutions to create the appearance of recovery and to raise
equity for underwater banks rather than forcing them into receivership (which
is where they belong) Bernanke probably knew that congress wouldn’t approve
another TARP-type bailout for dodgy mortgage-backed assets, so he settled on
this shifty plan instead. The only problem is, the banks are still broke, business
investment is at historic lows, consumers are on the ropes, the unemployment
lines are swelling, the homeless shelters are bulging, the pawn shops are
bustling, tent cities are sprouting up everywhere, and according to
MarketWatch, Corporate insiders have recently been selling their companies’
shares at a greater pace than at any time since the top of the bull market in
the fall of 2007.” Face it; the economy is in the crapper and Bernanke’s
trickery hasn’t done a lick of good. The Next Wave of Collapse is Coming Sooner than you think
Back in the Great Depression of 1929 through the 1930’s, we saw
a similar Zig-zag pattern. There was a crash in 1929, followed by a nice rally,
but then the most devastating part of the market collapse followed into the
1930’s. Bob Prechter "Quite Sure"
Next Wave Down Will Be Bigger and March Lows Will Break The
Real Economy Versus the Make-Believe World of the Government and Financial
Giants In the real economy,
unemployment is at Depression-era levels.
Top firms' pension funds plummet Consumer bankruptcies jump 34%
Nine Of Ten Sectors Overbought This Depression is
just beginning Feds Hit With Biggest Tax Revenue Drop Since
1932... The Great Depression Two Continues There is no coincident data which is
demonstrating this recession is over. Some may be at the bottom, others have a
way to go… An
Artifical Recovery [$$] Why I Went Fully Into
Cash US
food stamp list tops 34 million for first time The
Banks Own the Fed, and the Central Banks Own BIS AIG
breakup nets Wall Street $1 billion bonanza: report ‘Underwater’
Mortgages to Hit 48%, Deutsche Bank Says Oil price hits $76, highest
since October...
US companies axe 371,000 jobs in July Half of U.S.
mortgages seen underwater by 2011... Recovery ‘not in sight’ says BMW Half of U.S. mortgages seen underwater by 2011...
Recovery ‘not in sight’ says BMW Recession Worse Than Prior Estimates, Revisions Show Bloomberg | The first 12 months of the U.S.
recession saw the economy shrink more than twice as much as previously
estimated, reflecting even bigger declines in consumer spending and housing,
revised figures showed.
DO YOU REALIZE HOW MANY SUCKERS’ RALLY POINTS WERE ADDED BY THE FAKE NUMBERS
CONTRIBUTING TO THIS NEW COMMISSIONING BUBBLE! REVISED: ECONOMY 2X WORSE...
The government plans big revisions to historical economic
data... Developing... Regulators shut banks in
Fla., NJ, Ohio, Okla... WASHINGTON (7-31-09) (AP) -- Regulators on Friday shut down banks in Florida, New
Jersey, Ohio, Oklahoma and Illinois, boosting to 69 the number of federally
insured banks to fail this year amid the pressures of the weak economy and
mounting loan defaults. PhD
Economist: Fed has Caused Soaring Unemployment, Millions of Foreclosures,
Millions Losing Life Savings and More than $6 Trillion in Lost Output DOLLAR DROPS TO '09 LOW... Unemployment spreads distress in U.S. home loans Weak
Treasury Auctions Raise Worries About Debt Burden...
[$$] Senate
Probes Banks for Meltdown Fraud (at The Wall Street Journal Online) Even Bernanke Admits this Could be Worse than the Great
Depression Senate probes Goldman,
Deutsche: report (Reuters)
The Real Unemployment Rate Hits a 68-Year High 2009 Looking More Like 1929 Dollar Falls to
2009 Low... U.S. Markets Decline After
Weaker Than Expected Data A REALITY CHECK ON U.S. 'ECONOMIC RECOVERY' Jeff Nielson - U.S. equities are rallying
again today, and (as usual) it is a rally with no basis in reality. ] AND NOTHING REAL OR
POSITIVE AT ALL (IE., STILL NO PROSECUTIONS OF THE FRAUDS ON WALL STREET SO
JUST ANOTHER BUILT-IN COST BY CHURN-AND-EARN COMMISSIONS TO, DEFACTO TAX ON
NON-PERFORMING / DECLINING ECONOMY, DURABLE GOODS DOWN/FORECLOSURES UP,
CONFIDENCE REALISTICALLY DOWN, CORRUPT COMMERCE DEPARTMENT CHIMES IN WITH FAKE
NUMBERS, USED HOME SALES UP WITH DEFAULTS/ SHORT SALES, JOB LOSSES UP, BETTER
THAN EXPECTED MANTRA, GUIDANCE THAT DEFIES REALITY BY A LONG SHOT AS IN LAST
COMMISSIONABLE BUBBLE BUST, JOB/COST CUTS TO BONE, ETC.) ( Max Keiser: Prosecute the Bankster Crime Syndicate Max
Keiser: Goldman Sachs Are “Scum,” “Financial Terrorists” Bank profits not as impressive as they seem
when you take into account TARP funding, changed accounting rules to fudge
books, new stock issues, etc… um Cost
Of Bailout Hits A Whopping $24 Trillion Dollars Entering
the Greatest Depression in History Andrew Gavin
Marshall | The crisis has many bubbles, all of which dwarf the
housing bubble burst of 2008. Geithner asks
Congress for higher U.S. debt limit U.S.
regulators close 3 banks, total now 72 US deficit climbs
to 1.3 trillion dollars Stearns Crucifies Paulson On Bailout Bait And Switch
Fiscal ruin of the Western world beckons Foreign Embassies Urged to Stockpile Local Currencies
Bailout
Overseer Says Banks Misused TARP Funds Regulators shut banks in Calif., Ga. and SD ) TO KEEP
SUCKERS SUCKERED [ (7-29-09) Insiders Selling at Alarming
Levels Insiders Exit Shares at the
Fastest Pace in Two Years Bob Prechter "Quite Sure"
Next Wave Down Will Be Bigger and March Lows Will Break ] AND COMMISSION DOLLARS
FLOWING [Tarp
banks award billions in bonuses... Goldman Sachs on pace for record bonuses: report
(Reuters) Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly Max Keiser: Prosecute the Bankster Crime Syndicate Corporate
Media Spotlights Distortion of Market by High Frequency Trading [$$] Big Pay
Packages Return to Wall Street as new fraud gains steam (at The Wall Street
Journal Online) Max Keiser: Goldman Sachs
gang are ’scum’ who have co-opted U.S. gov’t Max
Keiser: Goldman Sachs Are “Scum,” “Financial Terrorists” Max Keiser goes on the offensive during an
appearance on France 24 as he slams Goldman Sachs as “scum” and “financial
terrorists” who should be thrown in jail.
‘Printing
money will lead to serious problems down the road,’ says Jim Rogers Spitzer: Federal Reserve is ‘a
Ponzi scheme, an inside job’ 2009 Looking More
Like 1929 AIG
breakup nets Wall Street $1 billion bonanza: report ] BASED ON
CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... Scams
And Bailouts The Cause of World Depression (7-29-09) Insiders Selling at Alarming
Levels Entering
the Greatest Depression in History Andrew Gavin Marshall | The crisis
has many bubbles, all of which dwarf the housing bubble burst of 2008. The
Market's Horoscope: Downside Correction Geithner asks
Congress for higher U.S. debt limit U.S.
regulators close 3 banks, total now 72 US deficit climbs
to 1.3 trillion dollars Causes of Depression Yet To Be Addressed Further impoverishment is on the way. More
and more will be laid off and they’ll be no new jobs available. Savings will be
exhausted and most homes that have been financed will be under water. Some banks paid bonuses bigger than income: o This Depression is
just beginning You read that right! Only $400 billion
of that fantastic 6 month “green shoots” stock market rally came from money
market accounts. The rest ($2.3 trillion) was laundered through the banks and
other financial institutions to create the appearance of recovery and to raise
equity for underwater banks rather than forcing them into receivership (which
is where they belong) Bernanke probably knew that congress wouldn’t approve
another TARP-type bailout for dodgy mortgage-backed assets, so he settled on
this shifty plan instead. The only problem is, the banks are still broke,
business investment is at historic lows, consumers are on the ropes, the
unemployment lines are swelling, the homeless shelters are bulging, the pawn
shops are bustling, tent cities are sprouting up everywhere, and according to
MarketWatch, Corporate insiders have recently been selling their companies’
shares at a greater pace than at any time since the top of the bull market in
the fall of 2007.” Face it; the economy is in the crapper and Bernanke’s
trickery hasn’t done a lick of good. The Next Wave of Collapse is Coming Sooner than you think
Back in the Great Depression of 1929 through the 1930’s, we saw
a similar Zig-zag pattern. There was a crash in 1929, followed by a nice rally,
but then the most devastating part of the market collapse followed into the
1930’s. Feds Hit With Biggest Tax Revenue Drop Since
1932... The Great Depression Two Continues There is no coincident data which is
demonstrating this recession is over. Some may be at the bottom, others have a
way to go… An
Artifical Recovery [$$] Why I Went Fully Into
Cash Bob Prechter "Quite Sure"
Next Wave Down Will Be Bigger and March Lows Will Break The
Real Economy Versus the Make-Believe World of the Government and Financial
Giants In the real economy, unemployment is at
Depression-era levels. US companies
axe 371,000 jobs in July Half of U.S. mortgages seen underwater by 2011...
Recovery ‘not in sight’ says BMW Top firms' pension funds plummet Consumer bankruptcies jump 34%
Nine Of Ten Sectors Overbought This Depression is
just beginning US
food stamp list tops 34 million for first time The
Banks Own the Fed, and the Central Banks Own BIS AIG
breakup nets Wall Street $1 billion bonanza: report ‘Underwater’
Mortgages to Hit 48%, Deutsche Bank Says Oil price hits $76, highest
since October...
US companies axe 371,000 jobs in July Half of U.S.
mortgages seen underwater by 2011... Recovery ‘not in sight’ says BMW Unemployment spreads distress in U.S. home loans Cities in the U.S. Sun Belt states of
California, Florida, Nevada and Arizona dominated the record foreclosure spree
in the first half of the year, but distress in other regions emerged as
joblessness spread, RealtyTrac said on Thursday. Recession
Worse Than Prior Estimates, Revisions Show Bloomberg | The
first 12 months of the U.S. recession saw the economy shrink more than twice as
much as previously estimated, reflecting even bigger declines in consumer
spending and housing, revised figures showed. Do you realize how many suckers’
rally points were added by the fake numbers contributing to this new
commissioning bubble! REVISED: ECONOMY 2X WORSE...
The government plans big revisions to historical economic
data... Developing... Regulators shut banks in
Fla., NJ, Ohio, Okla... WASHINGTON (AP) -- Regulators on Friday shut down banks in Florida, New
Jersey, Ohio, Oklahoma and Illinois, boosting to 69 the number of federally
insured banks to fail this year amid the pressures of the weak economy and
mounting loan defaults. PhD
Economist: Fed has Caused Soaring Unemployment, Millions of Foreclosures, Millions
Losing Life Savings and More than $6 Trillion in Lost Output DOLLAR DROPS TO '09 LOW... 75%
Favor Auditing The Fed Tarp banks
award billions in bonuses... The Real Unemployment Rate Hits a 68-Year High 2009 Looking More Like 1929 Dollar Falls to
2009 Low... Six Georgia banks
fail, bringing year tally to 64.... Rally may cool on earnings reality check Dollar Falls to Near 2009 Low as Economy Pares Refuge
Demand Ben
Bernanke Was Wrong Wall
Street’s Love Affair with Ben Bernanke Mike Whitney | bernanke knows that the country is in a Depression
Scams
And Bailouts The Cause of World Depression New US weekly jobless claims jump Its Official: U.S. Trapped in an Extended Depressionary
Cycle MICROSOFT Profit Drops 29% as
PC Slowdown Weighs on Revenue… they haven’t availed themselves of the fake
assets/books legislation recently passed... AMAZON.COM Profit
Drops 10%... Bernanke:
“I Don’t Know” Which Foreign Banks Were Given Half a Trillion Paul Joseph Watson Grayson grills Fed chairman on destination of credit
swaps. Fed:
unemployment will top 10 percent this year... Foreclosures (those increased home
sales that has been fueling suckers’ rally)
rise 15 percent in first half of 2009 (7-17) Three more banks
fail, bringing 2009 tally to more than double all of 2008 at a total thus far
of 57 Lower Markets on the Horizon Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly The Ultimate Insider Trading Scheme Max Keiser: Goldman Sachs
gang are ’scum’ who have co-opted U.S. gov’t Cost
Of Bailout Hits A Whopping $24 Trillion Dollars Stearns Crucifies Paulson On Bailout Bait And Switch
Fiscal ruin of the Western world beckons Foreign Embassies Urged to Stockpile Local Currencies
Bailout
Overseer Says Banks Misused TARP Funds TARP watchdog says Treasury lacking bank data Goldman Sachs
caused the problems in the first
place… Who can deny that? Budget deficit tops $1 trillion for first time
(AP) CIT Watch: Analysts Says Debt Load Isn't the
Only Problem Geithner Refuses to Rule Out
Continuing Using American Taxpayer as Piggy Bank for Derivatives Losses
WHITE
HOUSE ECON ADVISER CLAIMS SUCCESS: FEWER PEOPLE SEARCHING 'ECONOMIC DEPRESSION'
ON GOOGLE BECAUSE EXPERIENCING IT FIRST-HAND THEY ALREADY KNOW WHAT ECONOMIC
DEPRESSION IS... What
Economy? There’s Nothing Left to Recover There is no economy left to recover. The US manufacturing economy
was lost to offshoring and free trade ideology. It was replaced by a mythical
“New Economy “ ; less bad, not as bad as expected…riiiiight!, tarp money
for the commission frauds on wall street in new manufactured bubble as
actual/real manufacturing down again; consumer confidence down,
commercial loans begin default phase of downturn, 6.9 million continuing
unemployment claims for new record; retail sales down sharply A REALITY CHECK ON U.S. 'ECONOMIC
RECOVERY' Jeff Nielson - U.S. equities
are rallying again today, and (as usual) it is a rally with no basis in
reality. Economist:
FDIC gearing up for bank closures Goldman Sachs Admits Its Software Can “Manipulate Markets
in Unfair Ways and fraudulently generate commissions /trade volume” Max Keiser: Goldman Sachs gang
are ’scum’ who have co-opted U.S. gov’t You Tube | Goldman Sachs are scum– that’s the bottom line.
They have co-opted the government, the Treasury Department and the Federal
Reserve’s functionality. They’ve co-opted the Obama administration & Barack
Obama dances to Goldman Sachs’ tune. True unemployment rate already at 20% This Depression
Will Last For Years Wyoming sees
first bank failure since 1991 China
criticizes dollar AIG Preparing to Pay New
Round of Bonuses... While Talking About Keynesian Stimulus, Feds Are Really
Just Giving Money to the Big Frauds
FDIC
Insurance Fund: It Doesn’t Actually Exist Replacing the dollar as reserve currency US loses 467,000 jobs, unemployment at 9.5% 'We're in the Middle of a Crash': Black Swan... Economic
Expectations – Unemployment Rate Will Reach 15% David Tice: We are going into a depression-15%
unemployment or more on horizon. U.S. consumers fall behind on loans at
record pace FBI: Mortgage
fraud 'rampant' and growing... Celente and Schiff
Predict Food Panic This Year. Watch clips HERE. Fema Camps Built. Wall Street hits 10-week low amid talk of new
stimulus (7-2)Seven more banks fail,
bringing 2009 tally to more than double all of 2008 at a total thus far of 52;
Private sector sheds another 473,000 jobs in June... US lurching towards ‘debt
explosion’ with long-term interest rates on course to double Jim Rogers Sells Dollars, Plans
to Short Treasuries ‘Sucker’s Rally Beginning To Unwind’ daaaah…? Calls grow to supplant dollar as global currency China officials
call for displacing dollar, in time Tracking Two
Depressions, 1929 and now this Mortgage applications fall to 7-month low... Private
sector sheds another 473,000 jobs in June... 'Layoffs may be worsening'... AIG shares drop
after 1-for-20 reverse-stock split (AP) Manhattan
apartment prices skid 13 to 19 percent Job
losses / job concerns realistically weigh on confidence, real estate
values/prices continue downward trend as per Case / Shiller Index (-18.1%, -21%
in california) Consumer
confidence suffers steep fall... Home prices post 18% annual
drop... Worldwide Depression: Review of Global Markets . Four banks
fail, bringing 2009 tally to 19 more than all of 2008 at a total thus far of 44 Dollar Falls Most in Month as China Urges New Reserve
Currency Gerald Celente speaks on Cap and Trade and other handicaps
to the US economy HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH
CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT ONE
PROSECUTION IN THE MOST RECENT MASSIVE
SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS
WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK
MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T),
CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH
THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD
IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE,
RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED
SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS
ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC!
… THAT MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS,
… NOT OUT OF THIN AIR! ] TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP
SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
A REALITY CHECK ON U.S. 'ECONOMIC
RECOVERY' Jeff Nielson - U.S. equities
are rallying again today, and (as usual) it is a rally with no basis in
reality. , personal
income up modest .2% and spending down, China calls for new reserve currency to
supplant worthless dollar Dollar
And Stocks Drop As China Calls For New Global Currency , continuing
unemployment claims at or near record 627,000, weekly unemployment claims up
15,000, and GDP contraction –5.5%, all worse than expected (lennar wider than
expected quarterly loss rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing words/b.s. from fed which
previously predicted no recession that economy still contracting but that the
contraction is somewhat slowing…what b**l s**t!…, analysts- buffet/economy in
shambles, Hogan/negative GDP growth and inflation owing to debasement of the dollar
as well as deficit spending/pump-priming in the trillions, joker stein/economy
a mess and continued job losses, new home sales down .6%; U.S. Home Prices Drop 6.8
Percent in April as Foreclosures Rise foreclosure sales
up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their
40th bank of the year , Next
Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9%
and big difference between not getting worse and getting better, market got
ahead of itself, stalled out, still depression/more job losses, higher oil-gas
prices / higher interest rates / heavy debt to pare down is 1-3 year drag on
economy, even if believed (I don’t) the labor dept. far better than expected
job numbers by increased debt (spending) to produce same is not economically
sound or sustainable, viz., record spending with record low revenues, rating
cuts for bank sector, analysts concur in significant 5-15% (reality says
15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down
1.1%, housing starts allegedly up but if believed will only increase the
plethora of unsold inventories, empire manufacturing index suffers unexpectedly
severe decline…daaaah!, credit dard defaults at record high, analysts concur
that fundamentals don’t support stock rally and that pac money(defacto bribes)
might derail any meaningful reform/regulation which is of concern to the frauds
on wall street who should be prosecuted, record loss of wealth, higher gas
prices, job losses, higher interest rates / yields, higher commodity prices,
higher deficits, hyperinflation, record continuing unemployment claims at 6.8
million, worthless Weimar dollar crashing,
money supply exploding with hyperinflation/higher interest rates coming,
budget deficit at new highs and trade deficit worse than expected, analyst who
called crash says inflationary depression, banks passed stress tests only with
the help of fraudulent change in accounting rules, banks still insolvent, toxic
assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end
of year, Obama/bernanke continuing failed policies of bush greenspan,
recommends getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not
Over” 6/9/2009 A REALITY CHECK ON U.S.
'ECONOMIC RECOVERY' Jeff Nielson - U.S.
equities are rallying again today, and (as usual) it is a rally with no basis
in reality. Markets See a Breakdown in
Technical Support Levels Roubini: USA sees
double-dip recession... Jobless claims rise; GDP dips in 1Q Bernanke faces GOP-led (who are they
kidding-bushies/paulsen went so far as threaten martial law- prosecute now!
They continue to allow the wall street fraud and political theater doesn’t
change their complicity) heat on BofA-Merrill deal Fed Tried to Cover-up Its
Involvement in Bank of America-Merrill Deal U.S. Economy: Jobless Claims
Rise in Sign Labor Market Stagnant Dollar
drops on reserve currency doubts China sells US
bonds to ’show concern’ BRICs May Buy
Each Other’s Bonds in Shift From Dollar China’s holding of US bonds
drops first time in 11 months Russia to Raise Reserve
Currency Issue at BRIC International
Demand for Worthless U.S. Assets Slowed in April IMF says worst not over Senator cashed out during big
stock collapse -- after meeting with Fed, Treasury chiefs! America's AAA
downgrade danger...
Treasury
faces pressure on price of TARP exit A depression so deep even
teen shoppers scrimp US cities may have to be bulldozed in order to survive 1st quarter
wiped out $1.3 trillion for Americans Get Ready for Inflation and
Higher Interest Rates Oil prices near $73 as
energy rally continues Fed Would Be Shut Down If It
Were Audited Fed says
economy weak, but sees signs the slide increasing Mounting
deficits spark jitters about U.S. economy Wall Street falls as
realities dent recovery hopes
Bonds fall on
worries about government's debt load (AP) Oil prices
strike new high for 2009 (AP) The depression quietly deepens
CHINA
AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes,
We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake government job loss report near 40%
better than private forecasts…I don’t think so!…9.4% unemployment rate…try well
over 10% and with stopped looking included over 20% , Jim
Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now China explores
buying $50bn in IMF bonds US retailers
report May sales declines Tiny
Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector
job losses/factory orders worse than expected, new record continuing
unemployment claims, bernanke spend more money you don’t have but cut
debilitating deficit…riiiiight…sounds like a plan with more job losses to come,
etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As the
Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD
$63.8 TRILLION... The Big Collapse
Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record
decline in real estate prices, $80+ oil
coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
, world economy to shrink by worse than
previously predicted 2.9% and big difference between not getting worse and
getting better, leading
indicators up far more than expected … bull s**t …based in large part on
inflated stock price component … more bull s**t … new
reform with same old frauds say increased capital requirements and oversight of
the overseers/rating agencies (riiiiight!…same old,same old - already have but
no will to enforce existing laws, etc.), analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets Insiders Exit Shares at the
Fastest Pace in Two Years BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... The Next Bubble Is Here. Have You Bought In? Here
we go again! Barney Frank asks FANNIE and FREDDIE to relax Mortgage lending
rules... Fed Tried to Cover-up Its Involvement in Bank of America-Merrill
Deal Dollar
And Stocks Drop As China Calls For New Global Currency Citigroup
Ordered to Suspend Some Operations in Japan Bernanke
Grilling May Weaken Case for Fed as Risk Regulator Citi boosting salaries to offset lower bonuses,
allegedly to retain the clowns who helped make them taxpayer dependant and
cause the current debacle; how ‘bout firing them instead and offering
opportunity to the new, particularly non-ivy league vegetable garden grads
[$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. Home Prices Drop 6.8 Percent
in April as Foreclosures Rise [$$] Red Roof Inn Defaults on Mortgage Debt (at The
Wall Street Journal Online)
MySpace to cut two-thirds of global
workforce GM to cut 4,000 more white-collar jobs
by year end Oracle tops forecasts despite sales,
profit dip; stated another way, bad news will be shilled as good news (AP) California
Collapsing Bankster “Holiday” Planned for
September? Recession Sparking Global Unrest
Is Your Portfolio Ready for the Next
Leg Down? S&P turns negative for year in
broad sell-off (Reuters) Goldman Sachs on pace for record bonuses: report
(Reuters) Numbers On Welfare See Sharp
Increase Top Insiders Playing You For A
Sucker? The death of the dollar. Who
could deny it? Stanford indicted in
massive U.S. fraud case which is small potatoes compared to ubiquitously
massive wall street securities fraud which caused the ongoing financial debacle Venture
Capital Bubble Set to Burst, Kedrosky Says Obama Plans to Cut Bank
Regulators, Allow Fed to Supervise Financial Holding Companies – The old fox
guarding the henhouse tricks Federal Reserve unwisely to
gain power under plan Federal Reserve Foolishly
To
Be Given Sweeping New Powers Yen Strengthens Most in Month
as Asian Stocks Drop, Gold Gains RUSSIA
CHALLENGES WORTHLESS DOLLAR... AIG says former
top exec plundered retirement plan [video] The Too-Big-to-Fail
Problem [6.8 min] (at MarketWatch) [$$] Too Big to Solve?
(at The Wall Street Journal Online) Buy and Hold Is
Dead. Long Live Buy and Hold! Financial Bailout Plan Keeps
Zombie Banks Alive Bernanke then as now in denial
about looming crisis 2005-2007 Retail sales,
drop in jobless claims to a very high even if believed 601,000 yielding record
continuing claims of 6.8 million fuel hope…if you’re a dope Lawmakers
blast Fed, Treasury for BofA "threats" Oil climbs over $73 on
hopes for rising demand U.S. Household
Worth Fell by $1.3 Trillion in First Quarter Predictions of $250
a barrel on oil ECB Fears Reality
of Banking Crisis in 2010: Report Get Ready for Inflation and
Higher Interest Rates Bill To Audit Federal Reserve
Now Has 209 Co-Sponsors Russia May Swap Some U.S.
Treasuries for IMF Debt Fed report shows losses on Bear Stearns, AIG holdings Congress subpoenas the Fed ... Finally!
(AP) Brazil in recession, recovery unlikely this year What a “Jobless Recovery”
Really Means: A Massive Redistribution of Wealth from the Little Guy to the Big
Boys Obama
Tells American Businesses to Drop Dead America’s Fed Addiction “87
Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are Unsafe” Fed Said to
Retreat From Seeking Power to Sell Its Own Debt/Bills WIRE:
Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory
Loss
Obama’s economic model versus
reality Reality
bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government
reports better than private estimates…riiiiight! President
of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now Benefit spending
soars to new high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC:
OIL COULD REACH $90... ----- Existing home
foreclosure sales up, and no profit discount car sales better than
expected Diluting like crazy through new stock
bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
(8-10-09)
Dow
9,338 –32.12 To stamp out fraud, no change from
suckers’ rally worth reporting for second, third, fourth weeks of March and
April -436 for the first week of
March -12% for the month of February -8.8% (-775) for the
month of January -1% for fourth week of
January -2.5% for third week of January -4% for second week of January -5% for first full week of
January -34% for the year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,992 –8.01 To stamp out fraud, no change from
suckers’ rally worth reporting for second, third, fourth weeks of March and April -84 for
the first week of March -7% for the month of
February -6.4% (-101) for the month of
January -1% for fourth week of January
-3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P
500 1,007 –3.38 To stamp out fraud, no change from
suckers’ rally worth reporting for second,
third, fourth weeks
of March and
April -52 for the first week of March -11%
for the month of February -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $70.60
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.65 (reg. gas in LAND
OF FRUITS AND NUTS $3.00 REG./ $3.13
MID-GRADE/ $3.23 PREM./ $2.89 DIESEL)/
GOLD $947 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER
$14.38 PLATINUM $1,251 / DOLLAR= .69
EURO, 94 YEN, .59 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE
YIELD 3.79% …..…
AP Business Highlights
… ...Yahoo Market
Update... ] YAHOO - BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Must Read
Economic/Financial Data This Depression is
just beginning The Next Wave of Collapse is Coming Sooner than you think
ABSOLUTELY,
ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN IN THIS UNIQUELY
PREPOSTEROUS AND FRAUDULENT ENVIRONMENT AS SUCKERS’ RALLY INTO THE CLOSE TO END WELL OFF LOWS TO KEEP SUCKERS
SUCKERED [ (7-29-09) Insiders Selling at Alarming
Levels Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [Tarp
banks award billions in bonuses... Goldman Sachs on pace for record bonuses: report
(Reuters) Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly Max Keiser: Prosecute the Bankster Crime Syndicate The
Market's Horoscope: Downside Correction ! [ Entering
the Greatest Depression in History Andrew Gavin
Marshall | The crisis has many bubbles, all of which dwarf the
housing bubble burst of 2008. Geithner asks
Congress for higher U.S. debt limit U.S.
regulators close 3 banks, total now 72 US deficit
climbs to 1.3 trillion dollars This Depression is
just beginning The Next Wave of Collapse is Coming Sooner than you think
Back in the Great Depression of 1929 through the 1930’s, we saw
a similar Zig-zag pattern. There was a crash in 1929, followed by a nice rally,
but then the most devastating part of the market collapse followed into the
1930’s. Feds Hit With Biggest Tax Revenue Drop Since
1932... The Great Depression Two Continues There is no coincident data which is
demonstrating this recession is over. Some may be at the bottom, others have a
way to go… An Artifical
Recovery [$$] Why I Went Fully Into
Cash A REALITY CHECK ON U.S.
'ECONOMIC RECOVERY' Jeff Nielson - U.S.
equities are rallying again today, and (as usual) it is a rally with no basis
in reality. Most of the enthusiasm comes from another string of corporate
quarterly results which “beat expectations”. I had hoped that the sheep were
starting to clue-in to this silly game, however it appears there is a still a
large pack of Pavlov's Dogs out there – who respond to their propaganda cues
without a moment of actual thought. The truth is that all of the companies
“beating expectations” are still reporting steadily worse results
year-over-year – and in many cases, much worse results. Among the few
exceptions are U.S. financial corporations. However, since accounting-fraud was
legalized in the United States (see “FASB strong-armed into mark-to-fantasy accounting”),
their bottom-lines have had absolutely no connection to their business
operations… The
Real Economy Versus the Make-Believe World of the Government and Financial
Giants In the real economy, unemployment is at
Depression-era levels. Top firms' pension funds plummet Consumer bankruptcies jump 34%
Nine Of Ten Sectors Overbought This Depression is
just beginning US companies
axe 371,000 jobs in July Half of U.S. mortgages seen underwater by 2011...
Recovery ‘not in sight’ says BMW ] CONTINUED
FRAUD WITH PROGRAMMED SUCKERS’ RALLY DESPITE NEW RECORD FOR CONTINUING
UNEMPLOYMENT CLAIMS AT 6.3 MILLION AND AS I WARNED, WATCH FOR FAKE REPORTS IN
DESPERATION – AND LABOR DEPT. CAME THROUGH WITH FAKE REPORT AND NEW LIE BASED
UPON PEOPLE STOPPED LOOKING FOR JOBS SO THEIR RATE 9.4 BUT OBAMA SAYS 10% -
REALITY IS UNEMPLOYMENT RATE IS WELL OVER 10%, THEN AIG SOARS ON “PROFIT” WITH
$87 BILLION IN TAXPAYER FUNDS TO PLAY WITH
[ Max Keiser: Prosecute the Bankster Crime Syndicate (7-29-09)
Insiders Selling at Alarming Levels …Although the level of insider selling is certainly
alarming it's important to note that the very low levels of buying are
particularly alarming. Insiders sell stock for many reasons, but they generally
only buy stock for one reason: they believe the stock is going up. Despite the
fact the media is reporting an end to the recession, a bottom in housing and a
trough in earnings we are seeing a vote of zero confidence from the people who
know these companies better than anyone else…
Entering
the Greatest Depression in History Andrew Gavin
Marshall | The crisis has many bubbles, all of which dwarf the
housing bubble burst of 2008. Geithner asks
Congress for higher U.S. debt limit U.S.
regulators close 3 banks, total now 72 US deficit climbs
to 1.3 trillion dollars Causes of This Depression Yet To Be Addressed Further impoverishment is on the way. More
and more will be laid off and they’ll be no new jobs available. Savings will be
exhausted and most homes that have been financed will be under water. Some banks paid bonuses bigger than income: o This Depression is
just beginning You read that right! Only $400 billion
of that fantastic 6 month “green shoots” stock market rally came from money
market accounts. The rest ($2.3 trillion) was laundered through the banks and
other financial institutions to create the appearance of recovery and to raise
equity for underwater banks rather than forcing them into receivership (which
is where they belong) Bernanke probably knew that congress wouldn’t approve
another TARP-type bailout for dodgy mortgage-backed assets, so he settled on
this shifty plan instead. The only problem is, the banks are still broke, business
investment is at historic lows, consumers are on the ropes, the unemployment
lines are swelling, the homeless shelters are bulging, the pawn shops are
bustling, tent cities are sprouting up everywhere, and according to
MarketWatch, Corporate insiders have recently been selling their companies’
shares at a greater pace than at any time since the top of the bull market in
the fall of 2007.” Face it; the economy is in the crapper and Bernanke’s
trickery hasn’t done a lick of good. The Next Wave of Collapse is Coming Sooner than you think
Back in the Great Depression of 1929 through the 1930’s, we saw
a similar Zig-zag pattern. There was a crash in 1929, followed by a nice rally,
but then the most devastating part of the market collapse followed into the
1930’s. The
Real Economy Versus the Make-Believe World of the Government and Financial
Giants In the real economy,
unemployment is at Depression-era levels.
Top firms' pension funds plummet Consumer bankruptcies jump 34%
Nine Of Ten Sectors Overbought This Depression is
just beginning Feds Hit With Biggest Tax Revenue Drop Since
1932... The Great Depression Two Continues There is no coincident data which is
demonstrating this recession is over. Some may be at the bottom, others have a
way to go… An
Artifical Recovery [$$] Why I Went Fully Into
Cash US
food stamp list tops 34 million for first time The
Banks Own the Fed, and the Central Banks Own BIS AIG
breakup nets Wall Street $1 billion bonanza: report ‘Underwater’
Mortgages to Hit 48%, Deutsche Bank Says Oil price hits $76, highest
since October...
US companies axe 371,000 jobs in July Half of U.S.
mortgages seen underwater by 2011... Recovery ‘not in sight’ says BMW Half of U.S. mortgages seen underwater by 2011...
Recovery ‘not in sight’ says BMW Recession Worse Than Prior Estimates, Revisions Show Bloomberg | The first 12 months of the U.S.
recession saw the economy shrink more than twice as much as previously
estimated, reflecting even bigger declines in consumer spending and housing,
revised figures showed.
DO YOU REALIZE HOW MANY SUCKERS’ RALLY POINTS WERE ADDED BY THE FAKE NUMBERS
CONTRIBUTING TO THIS NEW COMMISSIONING BUBBLE! REVISED: ECONOMY 2X WORSE...
The government plans big revisions to historical economic
data... Developing... Regulators shut banks in
Fla., NJ, Ohio, Okla... WASHINGTON (7-31-09) (AP) -- Regulators on Friday shut down banks in Florida, New
Jersey, Ohio, Oklahoma and Illinois, boosting to 69 the number of federally
insured banks to fail this year amid the pressures of the weak economy and
mounting loan defaults. PhD
Economist: Fed has Caused Soaring Unemployment, Millions of Foreclosures,
Millions Losing Life Savings and More than $6 Trillion in Lost Output DOLLAR DROPS TO '09 LOW... Unemployment spreads distress in U.S. home loans Weak
Treasury Auctions Raise Worries About Debt Burden...
[$$] Senate
Probes Banks for Meltdown Fraud (at The Wall Street Journal Online) Even Bernanke Admits this Could be Worse than the Great
Depression Senate probes Goldman,
Deutsche: report (Reuters)
The Real Unemployment Rate Hits a 68-Year High 2009 Looking More Like 1929 Dollar Falls to
2009 Low... U.S. Markets Decline After
Weaker Than Expected Data A REALITY CHECK ON U.S. 'ECONOMIC RECOVERY' Jeff Nielson - U.S. equities are rallying
again today, and (as usual) it is a rally with no basis in reality. ] AND NOTHING REAL OR
POSITIVE AT ALL (IE., STILL NO PROSECUTIONS OF THE FRAUDS ON WALL STREET SO
JUST ANOTHER BUILT-IN COST BY CHURN-AND-EARN COMMISSIONS TO, DEFACTO TAX ON
NON-PERFORMING / DECLINING ECONOMY, DURABLE GOODS DOWN/FORECLOSURES UP,
CONFIDENCE REALISTICALLY DOWN, CORRUPT COMMERCE DEPARTMENT CHIMES IN WITH FAKE
NUMBERS, USED HOME SALES UP WITH DEFAULTS/ SHORT SALES, JOB LOSSES UP, BETTER
THAN EXPECTED MANTRA, GUIDANCE THAT DEFIES REALITY BY A LONG SHOT AS IN LAST
COMMISSIONABLE BUBBLE BUST, JOB/COST CUTS TO BONE, ETC.) ( Max Keiser: Prosecute the Bankster Crime Syndicate Max
Keiser: Goldman Sachs Are “Scum,” “Financial Terrorists” Bank profits not as impressive as they seem
when you take into account TARP funding, changed accounting rules to fudge
books, new stock issues, etc… um Cost
Of Bailout Hits A Whopping $24 Trillion Dollars Entering
the Greatest Depression in History Andrew Gavin
Marshall | The crisis has many bubbles, all of which dwarf the
housing bubble burst of 2008. Geithner asks
Congress for higher U.S. debt limit U.S.
regulators close 3 banks, total now 72 US deficit climbs
to 1.3 trillion dollars Stearns Crucifies Paulson On Bailout Bait And Switch
Fiscal ruin of the Western world beckons Foreign Embassies Urged to Stockpile Local Currencies
Bailout
Overseer Says Banks Misused TARP Funds Regulators shut banks in Calif., Ga. and SD ) TO KEEP
SUCKERS SUCKERED [ (7-29-09) Insiders Selling at Alarming
Levels Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [Tarp
banks award billions in bonuses... Goldman Sachs on pace for record bonuses: report
(Reuters) Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly Max Keiser: Prosecute the Bankster Crime Syndicate Corporate
Media Spotlights Distortion of Market by High Frequency Trading [$$] Big Pay
Packages Return to Wall Street as new fraud gains steam (at The Wall Street
Journal Online) Max Keiser: Goldman Sachs
gang are ’scum’ who have co-opted U.S. gov’t Max
Keiser: Goldman Sachs Are “Scum,” “Financial Terrorists” Max Keiser goes on the offensive during an
appearance on France 24 as he slams Goldman Sachs as “scum” and “financial
terrorists” who should be thrown in jail.
‘Printing
money will lead to serious problems down the road,’ says Jim Rogers Spitzer: Federal Reserve is ‘a
Ponzi scheme, an inside job’ 2009 Looking More
Like 1929 AIG
breakup nets Wall Street $1 billion bonanza: report ] BASED ON
CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... Scams
And Bailouts The Cause of World Depression (7-29-09) Insiders Selling at Alarming
Levels Entering
the Greatest Depression in History Andrew Gavin
Marshall | The crisis has many bubbles, all of which dwarf the
housing bubble burst of 2008. The
Market's Horoscope: Downside Correction Geithner asks
Congress for higher U.S. debt limit U.S.
regulators close 3 banks, total now 72 US deficit climbs
to 1.3 trillion dollars Causes of Depression Yet To Be Addressed Further impoverishment is on the way. More
and more will be laid off and they’ll be no new jobs available. Savings will be
exhausted and most homes that have been financed will be under water. Some banks paid bonuses bigger than income: o This Depression is
just beginning You read that right! Only $400 billion
of that fantastic 6 month “green shoots” stock market rally came from money
market accounts. The rest ($2.3 trillion) was laundered through the banks and
other financial institutions to create the appearance of recovery and to raise
equity for underwater banks rather than forcing them into receivership (which
is where they belong) Bernanke probably knew that congress wouldn’t approve
another TARP-type bailout for dodgy mortgage-backed assets, so he settled on
this shifty plan instead. The only problem is, the banks are still broke,
business investment is at historic lows, consumers are on the ropes, the
unemployment lines are swelling, the homeless shelters are bulging, the pawn
shops are bustling, tent cities are sprouting up everywhere, and according to
MarketWatch, Corporate insiders have recently been selling their companies’
shares at a greater pace than at any time since the top of the bull market in
the fall of 2007.” Face it; the economy is in the crapper and Bernanke’s
trickery hasn’t done a lick of good. The Next Wave of Collapse is Coming Sooner than you think
Back in the Great Depression of 1929 through the 1930’s, we saw
a similar Zig-zag pattern. There was a crash in 1929, followed by a nice rally,
but then the most devastating part of the market collapse followed into the
1930’s. Feds Hit With Biggest Tax Revenue Drop Since
1932... The Great Depression Two Continues There is no coincident data which is
demonstrating this recession is over. Some may be at the bottom, others have a
way to go… An
Artifical Recovery [$$] Why I Went Fully Into
Cash The
Real Economy Versus the Make-Believe World of the Government and Financial
Giants In the real economy, unemployment is at
Depression-era levels. US companies
axe 371,000 jobs in July Half of U.S. mortgages seen underwater by 2011...
Recovery ‘not in sight’ says BMW Top firms' pension funds plummet Consumer bankruptcies jump 34%
Nine Of Ten Sectors Overbought This Depression is
just beginning US
food stamp list tops 34 million for first time The
Banks Own the Fed, and the Central Banks Own BIS AIG
breakup nets Wall Street $1 billion bonanza: report ‘Underwater’
Mortgages to Hit 48%, Deutsche Bank Says Oil price hits $76, highest
since October...
US companies axe 371,000 jobs in July Half of U.S.
mortgages seen underwater by 2011... Recovery ‘not in sight’ says BMW Unemployment spreads distress in U.S. home loans Cities in the U.S. Sun Belt states of
California, Florida, Nevada and Arizona dominated the record foreclosure spree
in the first half of the year, but distress in other regions emerged as
joblessness spread, RealtyTrac said on Thursday. Recession
Worse Than Prior Estimates, Revisions Show Bloomberg | The
first 12 months of the U.S. recession saw the economy shrink more than twice as
much as previously estimated, reflecting even bigger declines in consumer
spending and housing, revised figures showed. Do you realize how many suckers’
rally points were added by the fake numbers contributing to this new
commissioning bubble! REVISED: ECONOMY 2X WORSE...
The government plans big revisions to historical economic
data... Developing... Regulators shut banks in
Fla., NJ, Ohio, Okla... WASHINGTON (AP) -- Regulators on Friday shut down banks in Florida, New
Jersey, Ohio, Oklahoma and Illinois, boosting to 69 the number of federally
insured banks to fail this year amid the pressures of the weak economy and
mounting loan defaults. PhD
Economist: Fed has Caused Soaring Unemployment, Millions of Foreclosures,
Millions Losing Life Savings and More than $6 Trillion in Lost Output DOLLAR DROPS TO '09 LOW... 75%
Favor Auditing The Fed Tarp banks
award billions in bonuses... The Real Unemployment Rate Hits a 68-Year High 2009 Looking More Like 1929 Dollar Falls to
2009 Low... Six Georgia banks
fail, bringing year tally to 64.... Rally may cool on earnings reality check Dollar Falls to Near 2009 Low as Economy Pares Refuge
Demand Ben
Bernanke Was Wrong Wall
Street’s Love Affair with Ben Bernanke Mike Whitney | bernanke knows that the country is in a Depression
Scams
And Bailouts The Cause of World Depression New US weekly jobless claims jump Its Official: U.S. Trapped in an Extended Depressionary
Cycle MICROSOFT Profit Drops 29% as
PC Slowdown Weighs on Revenue… they haven’t availed themselves of the fake
assets/books legislation recently passed... AMAZON.COM Profit
Drops 10%... Bernanke:
“I Don’t Know” Which Foreign Banks Were Given Half a Trillion Paul Joseph Watson Grayson grills Fed chairman on destination of credit
swaps. Fed:
unemployment will top 10 percent this year... Foreclosures (those increased home
sales that has been fueling suckers’ rally)
rise 15 percent in first half of 2009 (7-17) Three more banks
fail, bringing 2009 tally to more than double all of 2008 at a total thus far
of 57 Lower Markets on the Horizon Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly The Ultimate Insider Trading Scheme Max Keiser: Goldman Sachs
gang are ’scum’ who have co-opted U.S. gov’t Cost
Of Bailout Hits A Whopping $24 Trillion Dollars Stearns Crucifies Paulson On Bailout Bait And Switch
Fiscal ruin of the Western world beckons Foreign Embassies Urged to Stockpile Local Currencies
Bailout
Overseer Says Banks Misused TARP Funds TARP watchdog says Treasury lacking bank data Goldman Sachs
caused the problems in the first
place… Who can deny that? Budget deficit tops $1 trillion for first time
(AP) CIT Watch: Analysts Says Debt Load Isn't the
Only Problem Geithner Refuses to Rule Out
Continuing Using American Taxpayer as Piggy Bank for Derivatives Losses
WHITE
HOUSE ECON ADVISER CLAIMS SUCCESS: FEWER PEOPLE SEARCHING 'ECONOMIC DEPRESSION'
ON GOOGLE BECAUSE EXPERIENCING IT FIRST-HAND THEY ALREADY KNOW WHAT ECONOMIC
DEPRESSION IS... What
Economy? There’s Nothing Left to Recover There is no economy left to recover. The US manufacturing economy
was lost to offshoring and free trade ideology. It was replaced by a mythical
“New Economy “ ; less bad, not as bad as expected…riiiiight!, tarp money
for the commission frauds on wall street in new manufactured bubble as
actual/real manufacturing down again; consumer confidence down,
commercial loans begin default phase of downturn, 6.9 million continuing
unemployment claims for new record; retail sales down sharply A REALITY CHECK ON U.S. 'ECONOMIC
RECOVERY' Jeff Nielson - U.S. equities
are rallying again today, and (as usual) it is a rally with no basis in
reality. Economist:
FDIC gearing up for bank closures Goldman Sachs Admits Its Software Can “Manipulate Markets
in Unfair Ways and fraudulently generate commissions /trade volume” Max Keiser: Goldman Sachs gang
are ’scum’ who have co-opted U.S. gov’t You Tube | Goldman Sachs are scum– that’s the bottom line.
They have co-opted the government, the Treasury Department and the Federal
Reserve’s functionality. They’ve co-opted the Obama administration & Barack
Obama dances to Goldman Sachs’ tune. True unemployment rate already at 20% This Depression
Will Last For Years Wyoming sees
first bank failure since 1991 China
criticizes dollar AIG Preparing to Pay New
Round of Bonuses... While Talking About Keynesian Stimulus, Feds Are Really
Just Giving Money to the Big Frauds
FDIC
Insurance Fund: It Doesn’t Actually Exist Replacing the dollar as reserve currency US loses 467,000 jobs, unemployment at 9.5% 'We're in the Middle of a Crash': Black Swan... Economic
Expectations – Unemployment Rate Will Reach 15% David Tice: We are going into a depression-15%
unemployment or more on horizon. U.S. consumers fall behind on loans at
record pace FBI: Mortgage
fraud 'rampant' and growing... Celente and Schiff
Predict Food Panic This Year. Watch clips HERE. Fema Camps Built. Wall Street hits 10-week low amid talk of new
stimulus (7-2)Seven more banks fail,
bringing 2009 tally to more than double all of 2008 at a total thus far of 52;
Private sector sheds another 473,000 jobs in June... US lurching towards ‘debt
explosion’ with long-term interest rates on course to double Jim Rogers Sells Dollars, Plans
to Short Treasuries ‘Sucker’s Rally Beginning To Unwind’ daaaah…? Calls grow to supplant dollar as global currency China officials
call for displacing dollar, in time Tracking Two
Depressions, 1929 and now this Mortgage applications fall to 7-month low... Private
sector sheds another 473,000 jobs in June... 'Layoffs may be worsening'... AIG shares drop
after 1-for-20 reverse-stock split (AP) Manhattan
apartment prices skid 13 to 19 percent Job
losses / job concerns realistically weigh on confidence, real estate
values/prices continue downward trend as per Case / Shiller Index (-18.1%, -21%
in california) Consumer
confidence suffers steep fall... Home prices post 18% annual
drop... Worldwide Depression: Review of Global Markets . Four banks
fail, bringing 2009 tally to 19 more than all of 2008 at a total thus far of 44 Dollar Falls Most in Month as China Urges New Reserve Currency Gerald Celente speaks on Cap and Trade and other handicaps
to the US economy HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH
CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT ONE
PROSECUTION IN THE MOST RECENT MASSIVE
SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS
WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK
MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T),
CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH
THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD
IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE,
RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED SECURITIES
/PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS ARE GETTING
LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC! … THAT
MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS, … NOT
OUT OF THIN AIR! ] TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP SUCKERS
SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
A REALITY CHECK ON U.S. 'ECONOMIC
RECOVERY' Jeff Nielson - U.S. equities
are rallying again today, and (as usual) it is a rally with no basis in reality.
, personal
income up modest .2% and spending down, China calls for new reserve currency to
supplant worthless dollar Dollar
And Stocks Drop As China Calls For New Global Currency , continuing
unemployment claims at or near record 627,000, weekly unemployment claims up
15,000, and GDP contraction –5.5%, all worse than expected (lennar wider than
expected quarterly loss rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing words/b.s. from fed which previously
predicted no recession that economy still contracting but that the contraction
is somewhat slowing…what b**l s**t!…, analysts- buffet/economy in shambles,
Hogan/negative GDP growth and inflation owing to debasement of the dollar as
well as deficit spending/pump-priming in the trillions, joker stein/economy a
mess and continued job losses, new home sales down .6%; U.S. Home Prices Drop 6.8
Percent in April as Foreclosures Rise foreclosure sales
up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their
40th bank of the year , Next
Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9%
and big difference between not getting worse and getting better, market got
ahead of itself, stalled out, still depression/more job losses, higher oil-gas
prices / higher interest rates / heavy debt to pare down is 1-3 year drag on
economy, even if believed (I don’t) the labor dept. far better than expected
job numbers by increased debt (spending) to produce same is not economically
sound or sustainable, viz., record spending with record low revenues, rating
cuts for bank sector, analysts concur in significant 5-15% (reality says
15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down
1.1%, housing starts allegedly up but if believed will only increase the
plethora of unsold inventories, empire manufacturing index suffers unexpectedly
severe decline…daaaah!, credit dard defaults at record high, analysts concur
that fundamentals don’t support stock rally and that pac money(defacto bribes)
might derail any meaningful reform/regulation which is of concern to the frauds
on wall street who should be prosecuted, record loss of wealth, higher gas
prices, job losses, higher interest rates / yields, higher commodity prices,
higher deficits, hyperinflation, record continuing unemployment claims at 6.8
million, worthless Weimar dollar crashing,
money supply exploding with hyperinflation/higher interest rates coming,
budget deficit at new highs and trade deficit worse than expected, analyst who
called crash says inflationary depression, banks passed stress tests only with
the help of fraudulent change in accounting rules, banks still insolvent, toxic
assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end
of year, Obama/bernanke continuing failed policies of bush greenspan,
recommends getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not
Over” 6/9/2009 A REALITY CHECK ON U.S.
'ECONOMIC RECOVERY' Jeff Nielson - U.S.
equities are rallying again today, and (as usual) it is a rally with no basis
in reality. Markets See a Breakdown in
Technical Support Levels Roubini: USA sees
double-dip recession... Jobless claims rise; GDP dips in 1Q Bernanke faces GOP-led (who are they
kidding-bushies/paulsen went so far as threaten martial law- prosecute now!
They continue to allow the wall street fraud and political theater doesn’t
change their complicity) heat on BofA-Merrill deal Fed Tried to Cover-up Its
Involvement in Bank of America-Merrill Deal U.S. Economy: Jobless Claims
Rise in Sign Labor Market Stagnant Dollar
drops on reserve currency doubts China sells US
bonds to ’show concern’ BRICs May Buy
Each Other’s Bonds in Shift From Dollar China’s holding of US bonds
drops first time in 11 months Russia to Raise Reserve
Currency Issue at BRIC International
Demand for Worthless U.S. Assets Slowed in April IMF says worst not over Senator cashed out during big
stock collapse -- after meeting with Fed, Treasury chiefs! America's AAA
downgrade danger...
Treasury
faces pressure on price of TARP exit A depression so deep even
teen shoppers scrimp US cities may have to be bulldozed in order to survive 1st quarter
wiped out $1.3 trillion for Americans Get Ready for Inflation and
Higher Interest Rates Oil prices near $73 as
energy rally continues Fed Would Be Shut Down If It
Were Audited Fed says
economy weak, but sees signs the slide increasing Mounting
deficits spark jitters about U.S. economy Wall Street falls as
realities dent recovery hopes
Bonds fall on
worries about government's debt load (AP) Oil prices
strike new high for 2009 (AP) The depression quietly deepens
CHINA
AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes,
We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake government job loss report near 40%
better than private forecasts…I don’t think so!…9.4% unemployment rate…try well
over 10% and with stopped looking included over 20% , Jim
Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now China explores
buying $50bn in IMF bonds US retailers
report May sales declines Tiny
Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector
job losses/factory orders worse than expected, new record continuing
unemployment claims, bernanke spend more money you don’t have but cut
debilitating deficit…riiiiight…sounds like a plan with more job losses to come,
etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As
the Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD
$63.8 TRILLION... The Big Collapse
Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record
decline in real estate prices, $80+ oil
coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
, world economy to shrink by worse than
previously predicted 2.9% and big difference between not getting worse and
getting better, leading
indicators up far more than expected … bull s**t …based in large part on
inflated stock price component … more bull s**t … new
reform with same old frauds say increased capital requirements and oversight of
the overseers/rating agencies (riiiiight!…same old,same old - already have but
no will to enforce existing laws, etc.), analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets Insiders Exit Shares at the
Fastest Pace in Two Years BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... The Next Bubble Is Here. Have You Bought In? Here
we go again! Barney Frank asks FANNIE and FREDDIE to relax Mortgage lending
rules... Fed Tried to Cover-up Its Involvement in Bank of America-Merrill
Deal Dollar
And Stocks Drop As China Calls For New Global Currency Citigroup
Ordered to Suspend Some Operations in Japan Bernanke
Grilling May Weaken Case for Fed as Risk Regulator Citi boosting salaries to offset lower bonuses,
allegedly to retain the clowns who helped make them taxpayer dependant and
cause the current debacle; how ‘bout firing them instead and offering
opportunity to the new, particularly non-ivy league vegetable garden grads [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. Home Prices Drop 6.8 Percent
in April as Foreclosures Rise [$$] Red Roof Inn Defaults on Mortgage Debt (at The
Wall Street Journal Online)
MySpace to cut two-thirds of global
workforce GM to cut 4,000 more white-collar jobs
by year end Oracle tops forecasts despite sales,
profit dip; stated another way, bad news will be shilled as good news (AP) California
Collapsing Bankster “Holiday” Planned for
September? Recession Sparking Global Unrest
Is Your Portfolio Ready for the Next
Leg Down? S&P turns negative for year in
broad sell-off (Reuters) Goldman Sachs on pace for record bonuses: report (Reuters) Numbers On Welfare See Sharp
Increase Top Insiders Playing You For A
Sucker? The death of the dollar. Who
could deny it? Stanford indicted in
massive U.S. fraud case which is small potatoes compared to ubiquitously
massive wall street securities fraud which caused the ongoing financial debacle Venture
Capital Bubble Set to Burst, Kedrosky Says Obama Plans to Cut Bank
Regulators, Allow Fed to Supervise Financial Holding Companies – The old fox
guarding the henhouse tricks Federal Reserve unwisely to
gain power under plan Federal Reserve Foolishly
To
Be Given Sweeping New Powers Yen Strengthens Most in Month
as Asian Stocks Drop, Gold Gains RUSSIA
CHALLENGES WORTHLESS DOLLAR... AIG says former
top exec plundered retirement plan [video] The Too-Big-to-Fail
Problem [6.8 min] (at MarketWatch) [$$] Too Big to
Solve? (at The Wall Street Journal Online) Buy and Hold Is
Dead. Long Live Buy and Hold! Financial Bailout Plan Keeps
Zombie Banks Alive Bernanke then as now in denial
about looming crisis 2005-2007 Retail sales,
drop in jobless claims to a very high even if believed 601,000 yielding record
continuing claims of 6.8 million fuel hope…if you’re a dope Lawmakers
blast Fed, Treasury for BofA "threats" Oil climbs over $73 on
hopes for rising demand U.S. Household
Worth Fell by $1.3 Trillion in First Quarter Predictions of $250
a barrel on oil ECB Fears Reality
of Banking Crisis in 2010: Report Get Ready for Inflation and
Higher Interest Rates Bill To Audit Federal Reserve
Now Has 209 Co-Sponsors Russia May Swap Some U.S.
Treasuries for IMF Debt Fed report shows losses on Bear Stearns, AIG holdings Congress subpoenas the Fed ... Finally!
(AP) Brazil in recession, recovery unlikely this year What a “Jobless Recovery”
Really Means: A Massive Redistribution of Wealth from the Little Guy to the Big
Boys Obama
Tells American Businesses to Drop Dead America’s Fed Addiction “87
Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are Unsafe” Fed Said to
Retreat From Seeking Power to Sell Its Own Debt/Bills WIRE:
Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory
Loss
Obama’s economic model versus
reality Reality
bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government
reports better than private estimates…riiiiight! President
of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now Benefit spending
soars to new high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC:
OIL COULD REACH $90... ----- Existing home
foreclosure sales up, and no profit discount car sales better than expected Diluting like crazy through new stock
bubble issues Market Manipulation/Fraud: How Financial
Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
(8-7-09)
Dow
9,370 +113 To stamp out fraud, no change from suckers’ rally worth
reporting for second, third, fourth weeks of March and April -436 for the first week of March -12% for the month of February -8.8% (-775) for the
month of January -1% for fourth week of
January -2.5% for third week of January -4% for second week of January -5% for first full week of
January -34% for the year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 2,000 +27 To stamp out fraud, no change from
suckers’ rally worth reporting for second, third, fourth weeks of March and April -84 for
the first week of March -7% for the month of February
-6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P
500 1,010 +13 To stamp out fraud, no change from
suckers’ rally worth reporting for second,
third, fourth weeks
of March and
April -52 for the first week of March -11%
for the month of February -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $71.94
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.65 (reg. gas in LAND
OF FRUITS AND NUTS $3.00 REG./ $3.13
MID-GRADE/ $3.23 PREM./ $2.89 DIESEL)/
GOLD $959 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER
$14.59 PLATINUM $1,268 / DOLLAR= .69
EURO, 94 YEN, .59 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE
YIELD 3.86% …..…
AP Business Highlights
… ...Yahoo Market
Update... ] YAHOO - BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Must Read
Economic/Financial Data This Depression is
just beginning The Next Wave of Collapse is Coming Sooner than you think
ABSOLUTELY,
ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN IN THIS UNIQUELY
PREPOSTEROUS AND FRAUDULENT ENVIRONMENT! [
Entering
the Greatest Depression in History Andrew Gavin
Marshall | The crisis has many bubbles, all of which dwarf the
housing bubble burst of 2008. Geithner asks
Congress for higher U.S. debt limit U.S.
regulators close 3 banks, total now 72 US deficit
climbs to 1.3 trillion dollars This Depression is
just beginning The Next Wave of Collapse is Coming Sooner than you think
Back in the Great Depression of 1929 through the 1930’s, we saw
a similar Zig-zag pattern. There was a crash in 1929, followed by a nice rally,
but then the most devastating part of the market collapse followed into the
1930’s. Feds Hit With Biggest Tax Revenue Drop Since
1932... The
Great Depression Two Continues There is no coincident data which is demonstrating this
recession is over. Some may be at the bottom, others have a way to go… An Artifical Recovery
[$$] Why I Went Fully Into
Cash A REALITY CHECK ON U.S.
'ECONOMIC RECOVERY' Jeff Nielson - U.S.
equities are rallying again today, and (as usual) it is a rally with no basis
in reality. Most of the enthusiasm comes from another string of corporate
quarterly results which “beat expectations”. I had hoped that the sheep were
starting to clue-in to this silly game, however it appears there is a still a
large pack of Pavlov's Dogs out there – who respond to their propaganda cues
without a moment of actual thought. The truth is that all of the companies
“beating expectations” are still reporting steadily worse results
year-over-year – and in many cases, much worse results. Among the few
exceptions are U.S. financial corporations. However, since accounting-fraud was
legalized in the United States (see “FASB strong-armed into mark-to-fantasy accounting”),
their bottom-lines have had absolutely no connection to their business operations… The
Real Economy Versus the Make-Believe World of the Government and Financial
Giants In the real economy, unemployment is at
Depression-era levels. Top firms' pension funds plummet Consumer bankruptcies jump 34%
Nine Of Ten Sectors Overbought This Depression is
just beginning US companies
axe 371,000 jobs in July Half of U.S. mortgages seen underwater by 2011...
Recovery ‘not in sight’ says BMW ] CONTINUED
FRAUD WITH PROGRAMMED SUCKERS’ RALLY DESPITE NEW RECORD FOR CONTINUING
UNEMPLOYMENT CLAIMS AT 6.3 MILLION AND AS I WARNED, WATCH FOR FAKE REPORTS IN
DESPERATION – AND LABOR DEPT. CAME THROUGH WITH FAKE REPORT AND NEW LIE BASED
UPON PEOPLE STOPPED LOOKING FOR JOBS SO THEIR RATE 9.4 BUT OBAMA SAYS 10% -
REALITY IS UNEMPLOYMENT RATE IS WELL OVER 10%, THEN AIG SOARS ON “PROFIT” WITH
$87 BILLION IN TAXPAYER FUNDS TO PLAY WITH
[ Max Keiser: Prosecute the Bankster Crime Syndicate (7-29-09)
Insiders Selling at Alarming Levels …Although the level of insider selling is certainly
alarming it's important to note that the very low levels of buying are
particularly alarming. Insiders sell stock for many reasons, but they generally
only buy stock for one reason: they believe the stock is going up. Despite the
fact the media is reporting an end to the recession, a bottom in housing and a
trough in earnings we are seeing a vote of zero confidence from the people who
know these companies better than anyone else…
Entering
the Greatest Depression in History Andrew Gavin
Marshall | The crisis has many bubbles, all of which dwarf the
housing bubble burst of 2008. Geithner asks
Congress for higher U.S. debt limit U.S.
regulators close 3 banks, total now 72 US deficit climbs
to 1.3 trillion dollars Causes of This Depression Yet To Be Addressed Further impoverishment is on the way. More
and more will be laid off and they’ll be no new jobs available. Savings will be
exhausted and most homes that have been financed will be under water. Some banks paid bonuses bigger than income: o This Depression is
just beginning You read that right! Only $400 billion
of that fantastic 6 month “green shoots” stock market rally came from money
market accounts. The rest ($2.3 trillion) was laundered through the banks and
other financial institutions to create the appearance of recovery and to raise
equity for underwater banks rather than forcing them into receivership (which
is where they belong) Bernanke probably knew that congress wouldn’t approve
another TARP-type bailout for dodgy mortgage-backed assets, so he settled on
this shifty plan instead. The only problem is, the banks are still broke,
business investment is at historic lows, consumers are on the ropes, the
unemployment lines are swelling, the homeless shelters are bulging, the pawn
shops are bustling, tent cities are sprouting up everywhere, and according to
MarketWatch, Corporate insiders have recently been selling their companies’
shares at a greater pace than at any time since the top of the bull market in
the fall of 2007.” Face it; the economy is in the crapper and Bernanke’s
trickery hasn’t done a lick of good. The Next Wave of Collapse is Coming Sooner than you think
Back in the Great Depression of 1929 through the 1930’s, we saw
a similar Zig-zag pattern. There was a crash in 1929, followed by a nice rally,
but then the most devastating part of the market collapse followed into the
1930’s. The
Real Economy Versus the Make-Believe World of the Government and Financial Giants
In the real economy,
unemployment is at Depression-era levels.
Top firms' pension funds plummet Consumer bankruptcies jump 34%
Nine Of Ten Sectors Overbought This Depression is
just beginning Feds Hit With Biggest Tax Revenue Drop Since
1932... The Great Depression Two Continues There is no coincident data which is
demonstrating this recession is over. Some may be at the bottom, others have a
way to go… An
Artifical Recovery [$$] Why I Went Fully Into
Cash US
food stamp list tops 34 million for first time The
Banks Own the Fed, and the Central Banks Own BIS AIG
breakup nets Wall Street $1 billion bonanza: report ‘Underwater’
Mortgages to Hit 48%, Deutsche Bank Says Oil price hits $76, highest
since October...
US companies axe 371,000 jobs in July Half of U.S.
mortgages seen underwater by 2011... Recovery ‘not in sight’ says BMW Half of U.S. mortgages seen underwater by 2011...
Recovery ‘not in sight’ says BMW Recession Worse Than Prior Estimates, Revisions Show Bloomberg | The first 12 months of the U.S.
recession saw the economy shrink more than twice as much as previously
estimated, reflecting even bigger declines in consumer spending and housing,
revised figures showed.
DO YOU REALIZE HOW MANY SUCKERS’ RALLY POINTS WERE ADDED BY THE FAKE NUMBERS
CONTRIBUTING TO THIS NEW COMMISSIONING BUBBLE! REVISED: ECONOMY 2X WORSE...
The government plans big revisions to historical economic
data... Developing... Regulators shut banks in
Fla., NJ, Ohio, Okla... WASHINGTON (7-31-09) (AP) -- Regulators on Friday shut down banks in Florida, New
Jersey, Ohio, Oklahoma and Illinois, boosting to 69 the number of federally
insured banks to fail this year amid the pressures of the weak economy and
mounting loan defaults. PhD
Economist: Fed has Caused Soaring Unemployment, Millions of Foreclosures,
Millions Losing Life Savings and More than $6 Trillion in Lost Output DOLLAR DROPS TO '09 LOW... Unemployment spreads distress in U.S. home loans Weak
Treasury Auctions Raise Worries About Debt Burden...
[$$] Senate
Probes Banks for Meltdown Fraud (at The Wall Street Journal Online) Even Bernanke Admits this Could be Worse than the Great
Depression Senate probes Goldman,
Deutsche: report (Reuters)
The Real Unemployment Rate Hits a 68-Year High 2009 Looking More Like 1929 Dollar Falls to
2009 Low... U.S. Markets Decline After
Weaker Than Expected Data A REALITY CHECK ON U.S. 'ECONOMIC RECOVERY' Jeff Nielson - U.S. equities are rallying
again today, and (as usual) it is a rally with no basis in reality. ] AND NOTHING REAL OR
POSITIVE AT ALL (IE., STILL NO PROSECUTIONS OF THE FRAUDS ON WALL STREET SO
JUST ANOTHER BUILT-IN COST BY CHURN-AND-EARN COMMISSIONS TO, DEFACTO TAX ON
NON-PERFORMING / DECLINING ECONOMY, DURABLE GOODS DOWN/FORECLOSURES UP,
CONFIDENCE REALISTICALLY DOWN, CORRUPT COMMERCE DEPARTMENT CHIMES IN WITH FAKE
NUMBERS, USED HOME SALES UP WITH DEFAULTS/ SHORT SALES, JOB LOSSES UP, BETTER
THAN EXPECTED MANTRA, GUIDANCE THAT DEFIES REALITY BY A LONG SHOT AS IN LAST
COMMISSIONABLE BUBBLE BUST, JOB/COST CUTS TO BONE, ETC.) ( Max Keiser: Prosecute the Bankster Crime Syndicate Max
Keiser: Goldman Sachs Are “Scum,” “Financial Terrorists” Bank profits not as impressive as they seem
when you take into account TARP funding, changed accounting rules to fudge
books, new stock issues, etc… um Cost
Of Bailout Hits A Whopping $24 Trillion Dollars Entering
the Greatest Depression in History Andrew Gavin
Marshall | The crisis has many bubbles, all of which dwarf the
housing bubble burst of 2008. Geithner asks
Congress for higher U.S. debt limit U.S.
regulators close 3 banks, total now 72 US deficit climbs
to 1.3 trillion dollars Stearns Crucifies Paulson On Bailout Bait And Switch
Fiscal ruin of the Western world beckons Foreign Embassies Urged to Stockpile Local Currencies
Bailout
Overseer Says Banks Misused TARP Funds Regulators shut banks in Calif., Ga. and SD ) TO KEEP
SUCKERS SUCKERED [ (7-29-09) Insiders Selling at Alarming
Levels Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [Tarp
banks award billions in bonuses... Goldman Sachs on pace for record bonuses: report
(Reuters) Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly Max Keiser: Prosecute the Bankster Crime Syndicate Corporate
Media Spotlights Distortion of Market by High Frequency Trading [$$] Big Pay
Packages Return to Wall Street as new fraud gains steam (at The Wall Street
Journal Online) Max Keiser: Goldman Sachs
gang are ’scum’ who have co-opted U.S. gov’t Max
Keiser: Goldman Sachs Are “Scum,” “Financial Terrorists” Max Keiser goes on the offensive during an
appearance on France 24 as he slams Goldman Sachs as “scum” and “financial
terrorists” who should be thrown in jail.
‘Printing
money will lead to serious problems down the road,’ says Jim Rogers Spitzer: Federal Reserve is ‘a
Ponzi scheme, an inside job’ 2009 Looking More
Like 1929 AIG
breakup nets Wall Street $1 billion bonanza: report ] BASED ON
CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... Scams
And Bailouts The Cause of World Depression (7-29-09) Insiders Selling at Alarming
Levels Entering
the Greatest Depression in History Andrew Gavin
Marshall | The crisis has many bubbles, all of which dwarf the
housing bubble burst of 2008. Geithner asks
Congress for higher U.S. debt limit U.S.
regulators close 3 banks, total now 72 US deficit climbs
to 1.3 trillion dollars Causes of Depression Yet To Be Addressed Further impoverishment is on the way. More
and more will be laid off and they’ll be no new jobs available. Savings will be
exhausted and most homes that have been financed will be under water. Some banks paid bonuses bigger than income: o This Depression is
just beginning You read that right! Only $400 billion
of that fantastic 6 month “green shoots” stock market rally came from money
market accounts. The rest ($2.3 trillion) was laundered through the banks and
other financial institutions to create the appearance of recovery and to raise
equity for underwater banks rather than forcing them into receivership (which
is where they belong) Bernanke probably knew that congress wouldn’t approve
another TARP-type bailout for dodgy mortgage-backed assets, so he settled on
this shifty plan instead. The only problem is, the banks are still broke,
business investment is at historic lows, consumers are on the ropes, the
unemployment lines are swelling, the homeless shelters are bulging, the pawn
shops are bustling, tent cities are sprouting up everywhere, and according to
MarketWatch, Corporate insiders have recently been selling their companies’
shares at a greater pace than at any time since the top of the bull market in
the fall of 2007.” Face it; the economy is in the crapper and Bernanke’s
trickery hasn’t done a lick of good. The Next Wave of Collapse is Coming Sooner than you think
Back in the Great Depression of 1929 through the 1930’s, we saw
a similar Zig-zag pattern. There was a crash in 1929, followed by a nice rally,
but then the most devastating part of the market collapse followed into the
1930’s. Feds Hit With Biggest Tax Revenue Drop Since
1932... The
Great Depression Two Continues There is no coincident data which is demonstrating this
recession is over. Some may be at the bottom, others have a way to go… An Artifical Recovery [$$] Why I Went Fully Into
Cash The
Real Economy Versus the Make-Believe World of the Government and Financial
Giants In the real economy, unemployment is at
Depression-era levels. US companies
axe 371,000 jobs in July Half of U.S. mortgages seen underwater by 2011...
Recovery ‘not in sight’ says BMW Top firms' pension funds plummet Consumer bankruptcies jump 34%
Nine Of Ten Sectors Overbought This Depression is
just beginning US
food stamp list tops 34 million for first time The
Banks Own the Fed, and the Central Banks Own BIS AIG
breakup nets Wall Street $1 billion bonanza: report ‘Underwater’
Mortgages to Hit 48%, Deutsche Bank Says Oil price hits $76, highest
since October...
US companies axe 371,000 jobs in July Half of U.S.
mortgages seen underwater by 2011... Recovery ‘not in sight’ says BMW Unemployment spreads distress in U.S. home loans Cities in the U.S. Sun Belt states of
California, Florida, Nevada and Arizona dominated the record foreclosure spree
in the first half of the year, but distress in other regions emerged as
joblessness spread, RealtyTrac said on Thursday. Recession
Worse Than Prior Estimates, Revisions Show Bloomberg | The
first 12 months of the U.S. recession saw the economy shrink more than twice as
much as previously estimated, reflecting even bigger declines in consumer
spending and housing, revised figures showed. Do you realize how many suckers’
rally points were added by the fake numbers contributing to this new
commissioning bubble! REVISED: ECONOMY 2X WORSE...
The government plans big revisions to historical economic
data... Developing... Regulators shut banks in
Fla., NJ, Ohio, Okla... WASHINGTON (AP) -- Regulators on Friday shut down banks in Florida, New
Jersey, Ohio, Oklahoma and Illinois, boosting to 69 the number of federally
insured banks to fail this year amid the pressures of the weak economy and
mounting loan defaults. PhD
Economist: Fed has Caused Soaring Unemployment, Millions of Foreclosures,
Millions Losing Life Savings and More than $6 Trillion in Lost Output DOLLAR DROPS TO '09 LOW... 75%
Favor Auditing The Fed Tarp banks
award billions in bonuses... The Real Unemployment Rate Hits a 68-Year High 2009 Looking More Like 1929 Dollar Falls to
2009 Low... Six Georgia banks
fail, bringing year tally to 64.... Rally may cool on earnings reality check Dollar Falls to Near 2009 Low as Economy Pares Refuge
Demand Ben
Bernanke Was Wrong Wall
Street’s Love Affair with Ben Bernanke Mike Whitney | bernanke knows that the country is in a Depression
Scams
And Bailouts The Cause of World Depression New US weekly jobless claims jump Its Official: U.S. Trapped in an Extended Depressionary
Cycle MICROSOFT Profit Drops 29% as
PC Slowdown Weighs on Revenue… they haven’t availed themselves of the fake
assets/books legislation recently passed... AMAZON.COM Profit
Drops 10%... Bernanke:
“I Don’t Know” Which Foreign Banks Were Given Half a Trillion Paul Joseph Watson Grayson grills Fed chairman on destination of credit
swaps. Fed:
unemployment will top 10 percent this year... Foreclosures (those increased home
sales that has been fueling suckers’ rally)
rise 15 percent in first half of 2009 (7-17) Three more banks
fail, bringing 2009 tally to more than double all of 2008 at a total thus far
of 57 Lower Markets on the Horizon Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly The Ultimate Insider Trading Scheme Max Keiser: Goldman Sachs
gang are ’scum’ who have co-opted U.S. gov’t Cost
Of Bailout Hits A Whopping $24 Trillion Dollars Stearns Crucifies Paulson On Bailout Bait And Switch
Fiscal ruin of the Western world beckons Foreign Embassies Urged to Stockpile Local Currencies
Bailout
Overseer Says Banks Misused TARP Funds TARP watchdog says Treasury lacking bank data Goldman Sachs
caused the problems in the first
place… Who can deny that? Budget deficit tops $1 trillion for first time
(AP) CIT Watch: Analysts Says Debt Load Isn't the
Only Problem Geithner Refuses to Rule Out
Continuing Using American Taxpayer as Piggy Bank for Derivatives Losses
WHITE
HOUSE ECON ADVISER CLAIMS SUCCESS: FEWER PEOPLE SEARCHING 'ECONOMIC DEPRESSION'
ON GOOGLE BECAUSE EXPERIENCING IT FIRST-HAND THEY ALREADY KNOW WHAT ECONOMIC
DEPRESSION IS... What
Economy? There’s Nothing Left to Recover There is no economy left to recover. The US manufacturing economy
was lost to offshoring and free trade ideology. It was replaced by a mythical
“New Economy “ ; less bad, not as bad as expected…riiiiight!, tarp money
for the commission frauds on wall street in new manufactured bubble as actual/real
manufacturing down again; consumer confidence down, commercial loans begin
default phase of downturn, 6.9 million continuing unemployment claims for new
record; retail sales down sharply A REALITY CHECK
ON U.S. 'ECONOMIC RECOVERY' Jeff
Nielson - U.S. equities are rallying again today, and (as usual) it is a rally
with no basis in reality. Economist:
FDIC gearing up for bank closures Goldman Sachs Admits Its Software Can “Manipulate Markets
in Unfair Ways and fraudulently generate commissions /trade volume” Max Keiser: Goldman Sachs gang
are ’scum’ who have co-opted U.S. gov’t You Tube | Goldman Sachs are scum– that’s the bottom line.
They have co-opted the government, the Treasury Department and the Federal
Reserve’s functionality. They’ve co-opted the Obama administration & Barack
Obama dances to Goldman Sachs’ tune. True unemployment rate already at 20% This Depression
Will Last For Years Wyoming sees
first bank failure since 1991 China
criticizes dollar AIG Preparing to Pay New
Round of Bonuses... While Talking About Keynesian Stimulus, Feds Are Really
Just Giving Money to the Big Frauds
FDIC
Insurance Fund: It Doesn’t Actually Exist Replacing the dollar as reserve currency US loses 467,000 jobs, unemployment at 9.5% 'We're in the Middle of a Crash': Black Swan... Economic
Expectations – Unemployment Rate Will Reach 15% David Tice: We are going into a depression-15%
unemployment or more on horizon. U.S. consumers fall behind on loans at
record pace FBI: Mortgage
fraud 'rampant' and growing... Celente and Schiff
Predict Food Panic This Year. Watch clips HERE. Fema Camps Built. Wall Street hits 10-week low amid talk of new
stimulus (7-2)Seven more banks fail,
bringing 2009 tally to more than double all of 2008 at a total thus far of 52;
Private sector sheds another 473,000 jobs in June... US lurching towards ‘debt
explosion’ with long-term interest rates on course to double Jim Rogers Sells Dollars, Plans
to Short Treasuries ‘Sucker’s Rally Beginning To Unwind’ daaaah…? Calls grow to supplant dollar as global currency China officials
call for displacing dollar, in time Tracking Two
Depressions, 1929 and now this Mortgage applications fall to 7-month low... Private
sector sheds another 473,000 jobs in June... 'Layoffs may be worsening'... AIG shares drop
after 1-for-20 reverse-stock split (AP) Manhattan
apartment prices skid 13 to 19 percent Job
losses / job concerns realistically weigh on confidence, real estate
values/prices continue downward trend as per Case / Shiller Index (-18.1%, -21%
in california) Consumer
confidence suffers steep fall... Home prices post 18% annual
drop... Worldwide Depression: Review of Global Markets . Four banks
fail, bringing 2009 tally to 19 more than all of 2008 at a total thus far of 44 Dollar Falls Most in Month as China Urges New Reserve
Currency Gerald Celente speaks on Cap and Trade and other handicaps
to the US economy HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH
CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT ONE
PROSECUTION IN THE MOST RECENT MASSIVE
SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS
WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK
MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T),
CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH
THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD
IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE,
RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED
SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS
ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC!
… THAT MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS,
… NOT OUT OF THIN AIR! ] TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP
SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
A REALITY CHECK ON U.S. 'ECONOMIC
RECOVERY' Jeff Nielson - U.S. equities
are rallying again today, and (as usual) it is a rally with no basis in
reality. , personal
income up modest .2% and spending down, China calls for new reserve currency to
supplant worthless dollar Dollar
And Stocks Drop As China Calls For New Global Currency , continuing
unemployment claims at or near record 627,000, weekly unemployment claims up
15,000, and GDP contraction –5.5%, all worse than expected (lennar wider than
expected quarterly loss rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing words/b.s. from fed which
previously predicted no recession that economy still contracting but that the
contraction is somewhat slowing…what b**l s**t!…, analysts- buffet/economy in
shambles, Hogan/negative GDP growth and inflation owing to debasement of the
dollar as well as deficit spending/pump-priming in the trillions, joker
stein/economy a mess and continued job losses, new home sales down .6%; U.S. Home Prices Drop 6.8
Percent in April as Foreclosures Rise foreclosure sales
up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their
40th bank of the year , Next
Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9%
and big difference between not getting worse and getting better, market got
ahead of itself, stalled out, still depression/more job losses, higher oil-gas
prices / higher interest rates / heavy debt to pare down is 1-3 year drag on
economy, even if believed (I don’t) the labor dept. far better than expected
job numbers by increased debt (spending) to produce same is not economically
sound or sustainable, viz., record spending with record low revenues, rating
cuts for bank sector, analysts concur in significant 5-15% (reality says
15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down
1.1%, housing starts allegedly up but if believed will only increase the
plethora of unsold inventories, empire manufacturing index suffers unexpectedly
severe decline…daaaah!, credit dard defaults at record high, analysts concur
that fundamentals don’t support stock rally and that pac money(defacto bribes)
might derail any meaningful reform/regulation which is of concern to the frauds
on wall street who should be prosecuted, record loss of wealth, higher gas
prices, job losses, higher interest rates / yields, higher commodity prices,
higher deficits, hyperinflation, record continuing unemployment claims at 6.8
million, worthless Weimar dollar crashing,
money supply exploding with hyperinflation/higher interest rates coming,
budget deficit at new highs and trade deficit worse than expected, analyst who
called crash says inflationary depression, banks passed stress tests only with
the help of fraudulent change in accounting rules, banks still insolvent, toxic
assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end
of year, Obama/bernanke continuing failed policies of bush greenspan,
recommends getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not
Over” 6/9/2009 A REALITY CHECK ON U.S.
'ECONOMIC RECOVERY' Jeff Nielson - U.S.
equities are rallying again today, and (as usual) it is a rally with no basis
in reality. Markets See a Breakdown in
Technical Support Levels Roubini: USA sees
double-dip recession... Jobless claims rise; GDP dips in 1Q Bernanke faces GOP-led (who are they
kidding-bushies/paulsen went so far as threaten martial law- prosecute now!
They continue to allow the wall street fraud and political theater doesn’t
change their complicity) heat on BofA-Merrill deal Fed Tried to Cover-up Its
Involvement in Bank of America-Merrill Deal U.S. Economy: Jobless Claims
Rise in Sign Labor Market Stagnant Dollar
drops on reserve currency doubts China sells US
bonds to ’show concern’ BRICs May Buy
Each Other’s Bonds in Shift From Dollar China’s holding of US bonds
drops first time in 11 months Russia to Raise Reserve Currency
Issue at BRIC International
Demand for Worthless U.S. Assets Slowed in April IMF says worst not over Senator cashed out during big
stock collapse -- after meeting with Fed, Treasury chiefs! America's AAA
downgrade danger...
Treasury
faces pressure on price of TARP exit A depression so deep even
teen shoppers scrimp US cities may have to be bulldozed in order to survive 1st quarter
wiped out $1.3 trillion for Americans Get Ready for Inflation and
Higher Interest Rates Oil prices near $73 as
energy rally continues Fed Would Be Shut Down If It
Were Audited Fed says
economy weak, but sees signs the slide increasing Mounting
deficits spark jitters about U.S. economy Wall Street falls as
realities dent recovery hopes
Bonds fall on
worries about government's debt load (AP) Oil prices
strike new high for 2009 (AP) The depression quietly deepens
CHINA
AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes,
We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake government job loss report near 40%
better than private forecasts…I don’t think so!…9.4% unemployment rate…try well
over 10% and with stopped looking included over 20% , Jim
Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now China explores
buying $50bn in IMF bonds US retailers
report May sales declines Tiny
Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector
job losses/factory orders worse than expected, new record continuing
unemployment claims, bernanke spend more money you don’t have but cut
debilitating deficit…riiiiight…sounds like a plan with more job losses to come,
etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As
the Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD
$63.8 TRILLION... The Big Collapse
Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record
decline in real estate prices, $80+ oil
coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
, world economy to shrink by worse than
previously predicted 2.9% and big difference between not getting worse and
getting better, leading
indicators up far more than expected … bull s**t …based in large part on
inflated stock price component … more bull s**t … new
reform with same old frauds say increased capital requirements and oversight of
the overseers/rating agencies (riiiiight!…same old,same old - already have but
no will to enforce existing laws, etc.), analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets Insiders Exit Shares at the
Fastest Pace in Two Years BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... The Next Bubble Is Here. Have You Bought In? Here
we go again! Barney Frank asks FANNIE and FREDDIE to relax Mortgage lending
rules... Fed Tried to Cover-up Its Involvement in Bank of America-Merrill
Deal Dollar
And Stocks Drop As China Calls For New Global Currency Citigroup
Ordered to Suspend Some Operations in Japan Bernanke
Grilling May Weaken Case for Fed as Risk Regulator Citi boosting salaries to offset lower bonuses,
allegedly to retain the clowns who helped make them taxpayer dependant and
cause the current debacle; how ‘bout firing them instead and offering
opportunity to the new, particularly non-ivy league vegetable garden grads [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. Home Prices Drop 6.8 Percent
in April as Foreclosures Rise [$$] Red Roof Inn Defaults on Mortgage Debt (at The
Wall Street Journal Online)
MySpace to cut two-thirds of global
workforce GM to cut 4,000 more white-collar jobs
by year end Oracle tops forecasts despite sales,
profit dip; stated another way, bad news will be shilled as good news (AP) California
Collapsing Bankster “Holiday” Planned for
September? Recession Sparking Global Unrest
Is Your Portfolio Ready for the Next
Leg Down? S&P turns negative for year in
broad sell-off (Reuters) Goldman Sachs on pace for record bonuses: report
(Reuters) Numbers On Welfare See Sharp
Increase Top Insiders Playing You For A
Sucker? The death of the dollar. Who
could deny it? Stanford indicted in
massive U.S. fraud case which is small potatoes compared to ubiquitously
massive wall street securities fraud which caused the ongoing financial debacle Venture
Capital Bubble Set to Burst, Kedrosky Says Obama Plans to Cut Bank
Regulators, Allow Fed to Supervise Financial Holding Companies – The old fox
guarding the henhouse tricks Federal Reserve unwisely to
gain power under plan Federal Reserve Foolishly
To
Be Given Sweeping New Powers Yen Strengthens Most in Month
as Asian Stocks Drop, Gold Gains RUSSIA
CHALLENGES WORTHLESS DOLLAR... AIG says former
top exec plundered retirement plan [video] The Too-Big-to-Fail
Problem [6.8 min] (at MarketWatch) [$$] Too Big to
Solve? (at The Wall Street Journal Online) Buy and Hold Is
Dead. Long Live Buy and Hold! Financial Bailout Plan Keeps
Zombie Banks Alive Bernanke then as now in denial
about looming crisis 2005-2007 Retail sales,
drop in jobless claims to a very high even if believed 601,000 yielding record
continuing claims of 6.8 million fuel hope…if you’re a dope Lawmakers
blast Fed, Treasury for BofA "threats" Oil climbs over $73 on
hopes for rising demand U.S. Household
Worth Fell by $1.3 Trillion in First Quarter Predictions of $250
a barrel on oil ECB Fears Reality
of Banking Crisis in 2010: Report Get Ready for Inflation and
Higher Interest Rates Bill To Audit Federal Reserve
Now Has 209 Co-Sponsors Russia May Swap Some U.S.
Treasuries for IMF Debt Fed report shows losses on Bear Stearns, AIG holdings Congress subpoenas the Fed ... Finally!
(AP) Brazil in recession, recovery unlikely this year What a “Jobless Recovery”
Really Means: A Massive Redistribution of Wealth from the Little Guy to the Big
Boys Obama
Tells American Businesses to Drop Dead America’s Fed Addiction “87
Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are Unsafe” Fed Said to
Retreat From Seeking Power to Sell Its Own Debt/Bills WIRE:
Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory
Loss
Obama’s economic model versus
reality Reality
bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government
reports better than private estimates…riiiiight! President
of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now Benefit spending
soars to new high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC:
OIL COULD REACH $90... ----- Existing home
foreclosure sales up, and no profit discount car sales better than
expected Diluting like crazy through new stock
bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
(8-6-09)
Dow
9,255 -24 To stamp out fraud, no change from suckers’ rally worth
reporting for second, third, fourth weeks of March and April -436 for the first week of March -12% for the month of February -8.8% (-775) for the
month of January -1% for fourth week of
January -2.5% for third week of January -4% for second week of January -5% for first full week of
January -34% for the year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,973 -20 To stamp out fraud, no change from
suckers’ rally worth reporting for second, third, fourth weeks of March and April -84 for
the first week of March -7% for the month of
February -6.4% (-101) for the month of
January -1% for fourth week of January
-3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P
500 997 -6 To stamp out fraud, no change from suckers’ rally worth
reporting for second, third, fourth weeks of March and April -52 for
the first week of March -11% for the month of
February -8.6%
(-75) for the month of January -1% for
fourth week of January -2.3% for third week of
January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $71.94
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.65 (reg. gas in LAND
OF FRUITS AND NUTS $2.93REG./ $3.09
MID-GRADE/ $3.17PREM./ $2.86 DIESEL)/
GOLD $960 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER
$14.65 PLATINUM $1,274 / DOLLAR= .69
EURO, 93 YEN, .58 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE
YIELD 3.76% …..…
AP Business Highlights
… ...Yahoo Market
Update... ] YAHOO - BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Must Read
Economic/Financial Data This Depression is
just beginning The Next Wave of Collapse is Coming Sooner than you think
ABSOLUTELY,
ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN IN THIS UNIQUELY PREPOSTEROUS
AND FRAUDULENT ENVIRONMENT! [ This Depression is
just beginning The Next Wave of Collapse is Coming Sooner than you think
Back in the Great Depression of 1929 through the 1930’s, we saw
a similar Zig-zag pattern. There was a crash in 1929, followed by a nice rally,
but then the most devastating part of the market collapse followed into the
1930’s. Feds Hit With Biggest Tax Revenue Drop Since
1932... The Great Depression Two Continues There is no coincident data which is
demonstrating this recession is over. Some may be at the bottom, others have a
way to go… An Artifical
Recovery [$$] Why I Went Fully Into
Cash A REALITY CHECK ON U.S.
'ECONOMIC RECOVERY' Jeff Nielson - U.S.
equities are rallying again today, and (as usual) it is a rally with no basis
in reality. Most of the enthusiasm comes from another string of corporate
quarterly results which “beat expectations”. I had hoped that the sheep were
starting to clue-in to this silly game, however it appears there is a still a
large pack of Pavlov's Dogs out there – who respond to their propaganda cues
without a moment of actual thought. The truth is that all of the companies “beating
expectations” are still reporting steadily worse results year-over-year – and
in many cases, much worse results. Among the few exceptions are U.S. financial
corporations. However, since accounting-fraud was legalized in the United
States (see “FASB strong-armed into mark-to-fantasy accounting”),
their bottom-lines have had absolutely no connection to their business
operations… The
Real Economy Versus the Make-Believe World of the Government and Financial
Giants In the real economy, unemployment is at
Depression-era levels. Top firms' pension funds plummet Consumer bankruptcies jump 34%
Nine Of Ten Sectors Overbought This Depression is
just beginning US companies
axe 371,000 jobs in July Half of U.S. mortgages seen underwater by 2011...
Recovery ‘not in sight’ says BMW ] CONTINUED
FRAUD WITH PROGRAMMED SUCKERS’ RALLY INTO THE CLOSE TO FINISH WELL OFF LOWS
DESPITE NEW RECORD FOR CONTINUING UNEMPLOYMENT CLAIMS AT 6.3 MILLION AND RETAIL
SALES DOWN 5% (WATCH FOR FAKE REPORTS IN DESPERATION - DON'T FORGET, THEY'RE
CHURNING AND EARNING ON WALL STREET ON HIGH VOLUME) [ Max Keiser: Prosecute the Bankster Crime Syndicate (7-29-09)
Insiders Selling at Alarming Levels …Although the level of insider selling is certainly
alarming it's important to note that the very low levels of buying are
particularly alarming. Insiders sell stock for many reasons, but they generally
only buy stock for one reason: they believe the stock is going up. Despite the
fact the media is reporting an end to the recession, a bottom in housing and a
trough in earnings we are seeing a vote of zero confidence from the people who
know these companies better than anyone else…
Causes of This Depression Yet To Be Addressed Further impoverishment is on the way. More
and more will be laid off and they’ll be no new jobs available. Savings will be
exhausted and most homes that have been financed will be under water. Some banks paid bonuses bigger than income: o This Depression is
just beginning You read that right! Only $400 billion
of that fantastic 6 month “green shoots” stock market rally came from money
market accounts. The rest ($2.3 trillion) was laundered through the banks and
other financial institutions to create the appearance of recovery and to raise
equity for underwater banks rather than forcing them into receivership (which
is where they belong) Bernanke probably knew that congress wouldn’t approve another
TARP-type bailout for dodgy mortgage-backed assets, so he settled on this
shifty plan instead. The only problem is, the banks are still broke, business
investment is at historic lows, consumers are on the ropes, the unemployment
lines are swelling, the homeless shelters are bulging, the pawn shops are
bustling, tent cities are sprouting up everywhere, and according to
MarketWatch, Corporate insiders have recently been selling their companies’
shares at a greater pace than at any time since the top of the bull market in
the fall of 2007.” Face it; the economy is in the crapper and Bernanke’s
trickery hasn’t done a lick of good. The Next Wave of Collapse is Coming Sooner than you think
Back in the Great Depression of 1929 through the 1930’s, we saw
a similar Zig-zag pattern. There was a crash in 1929, followed by a nice rally,
but then the most devastating part of the market collapse followed into the
1930’s. The
Real Economy Versus the Make-Believe World of the Government and Financial
Giants In the real economy,
unemployment is at Depression-era levels.
Top firms' pension funds plummet Consumer bankruptcies jump 34%
Nine Of Ten Sectors Overbought This Depression is
just beginning Feds Hit With Biggest Tax Revenue Drop Since
1932... The Great Depression Two Continues There is no coincident data which is
demonstrating this recession is over. Some may be at the bottom, others have a
way to go… An
Artifical Recovery [$$] Why I Went Fully Into
Cash US
food stamp list tops 34 million for first time The
Banks Own the Fed, and the Central Banks Own BIS AIG
breakup nets Wall Street $1 billion bonanza: report ‘Underwater’
Mortgages to Hit 48%, Deutsche Bank Says Oil price hits $76, highest
since October...
US companies axe 371,000 jobs in July Half of U.S.
mortgages seen underwater by 2011... Recovery ‘not in sight’ says BMW Half of U.S. mortgages seen underwater by 2011...
Recovery ‘not in sight’ says BMW Recession Worse Than Prior Estimates, Revisions Show Bloomberg | The first 12 months of the U.S.
recession saw the economy shrink more than twice as much as previously
estimated, reflecting even bigger declines in consumer spending and housing,
revised figures showed.
DO YOU REALIZE HOW MANY SUCKERS’ RALLY POINTS WERE ADDED BY THE FAKE NUMBERS
CONTRIBUTING TO THIS NEW COMMISSIONING BUBBLE! REVISED: ECONOMY 2X WORSE...
The government plans big revisions to historical economic
data... Developing... Regulators shut banks in
Fla., NJ, Ohio, Okla... WASHINGTON (7-31-09) (AP) -- Regulators on Friday shut down banks in Florida, New
Jersey, Ohio, Oklahoma and Illinois, boosting to 69 the number of federally
insured banks to fail this year amid the pressures of the weak economy and
mounting loan defaults. PhD
Economist: Fed has Caused Soaring Unemployment, Millions of Foreclosures,
Millions Losing Life Savings and More than $6 Trillion in Lost Output DOLLAR DROPS TO '09 LOW... Unemployment spreads distress in U.S. home loans Weak
Treasury Auctions Raise Worries About Debt Burden...
[$$] Senate
Probes Banks for Meltdown Fraud (at The Wall Street Journal Online) Even Bernanke Admits this Could be Worse than the Great
Depression Senate probes Goldman,
Deutsche: report (Reuters)
The Real Unemployment Rate Hits a 68-Year High 2009 Looking More Like 1929 Dollar Falls to
2009 Low... U.S. Markets Decline After
Weaker Than Expected Data A REALITY CHECK ON U.S. 'ECONOMIC RECOVERY' Jeff Nielson - U.S. equities are rallying
again today, and (as usual) it is a rally with no basis in reality. ] AND NOTHING REAL OR
POSITIVE AT ALL (IE., STILL NO PROSECUTIONS OF THE FRAUDS ON WALL STREET SO
JUST ANOTHER BUILT-IN COST BY CHURN-AND-EARN COMMISSIONS TO, DEFACTO TAX ON
NON-PERFORMING / DECLINING ECONOMY, DURABLE GOODS DOWN/FORECLOSURES UP, CONFIDENCE
REALISTICALLY DOWN, CORRUPT COMMERCE DEPARTMENT CHIMES IN WITH FAKE NUMBERS,
USED HOME SALES UP WITH DEFAULTS/ SHORT SALES, JOB LOSSES UP, BETTER THAN
EXPECTED MANTRA, GUIDANCE THAT DEFIES REALITY BY A LONG SHOT AS IN LAST
COMMISSIONABLE BUBBLE BUST, JOB/COST CUTS TO BONE, ETC.) ( Max Keiser: Prosecute the Bankster Crime Syndicate Max
Keiser: Goldman Sachs Are “Scum,” “Financial Terrorists” Bank profits not as impressive as they seem
when you take into account TARP funding, changed accounting rules to fudge
books, new stock issues, etc… um Cost
Of Bailout Hits A Whopping $24 Trillion Dollars Stearns Crucifies Paulson On Bailout Bait And Switch
Fiscal ruin of the Western world beckons Foreign Embassies Urged to Stockpile Local Currencies
Bailout
Overseer Says Banks Misused TARP Funds Regulators shut banks in Calif., Ga. and SD ) TO KEEP
SUCKERS SUCKERED [ (7-29-09) Insiders Selling at Alarming
Levels Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [Tarp
banks award billions in bonuses... Goldman Sachs on pace for record bonuses: report
(Reuters) Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly Max Keiser: Prosecute the Bankster Crime Syndicate Corporate
Media Spotlights Distortion of Market by High Frequency Trading [$$] Big Pay
Packages Return to Wall Street as new fraud gains steam (at The Wall Street
Journal Online) Max Keiser: Goldman Sachs
gang are ’scum’ who have co-opted U.S. gov’t Max
Keiser: Goldman Sachs Are “Scum,” “Financial Terrorists” Max Keiser goes on the offensive during an
appearance on France 24 as he slams Goldman Sachs as “scum” and “financial
terrorists” who should be thrown in jail.
‘Printing
money will lead to serious problems down the road,’ says Jim Rogers Spitzer: Federal Reserve is ‘a
Ponzi scheme, an inside job’ 2009 Looking More
Like 1929 AIG
breakup nets Wall Street $1 billion bonanza: report ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... Scams
And Bailouts The Cause of World Depression (7-29-09) Insiders Selling at Alarming
Levels Causes of Depression Yet To Be Addressed Further impoverishment is on the way. More
and more will be laid off and they’ll be no new jobs available. Savings will be
exhausted and most homes that have been financed will be under water. Some banks paid bonuses bigger than income: o This Depression is
just beginning You read that right! Only $400 billion
of that fantastic 6 month “green shoots” stock market rally came from money
market accounts. The rest ($2.3 trillion) was laundered through the banks and
other financial institutions to create the appearance of recovery and to raise
equity for underwater banks rather than forcing them into receivership (which
is where they belong) Bernanke probably knew that congress wouldn’t approve
another TARP-type bailout for dodgy mortgage-backed assets, so he settled on
this shifty plan instead. The only problem is, the banks are still broke,
business investment is at historic lows, consumers are on the ropes, the
unemployment lines are swelling, the homeless shelters are bulging, the pawn
shops are bustling, tent cities are sprouting up everywhere, and according to
MarketWatch, Corporate insiders have recently been selling their companies’
shares at a greater pace than at any time since the top of the bull market in
the fall of 2007.” Face it; the economy is in the crapper and Bernanke’s
trickery hasn’t done a lick of good. The Next Wave of Collapse is Coming Sooner than you think
Back in the Great Depression of 1929 through the 1930’s, we saw
a similar Zig-zag pattern. There was a crash in 1929, followed by a nice rally,
but then the most devastating part of the market collapse followed into the
1930’s. Feds Hit With Biggest Tax Revenue Drop Since
1932... The Great Depression Two Continues There is no coincident data which is
demonstrating this recession is over. Some may be at the bottom, others have a
way to go… An
Artifical Recovery [$$] Why I Went Fully Into
Cash The
Real Economy Versus the Make-Believe World of the Government and Financial
Giants In the real economy, unemployment is at
Depression-era levels. US companies
axe 371,000 jobs in July Half of U.S. mortgages seen underwater by 2011...
Recovery ‘not in sight’ says BMW Top firms' pension funds plummet Consumer bankruptcies jump 34%
Nine Of Ten Sectors Overbought This Depression is
just beginning US
food stamp list tops 34 million for first time The
Banks Own the Fed, and the Central Banks Own BIS AIG
breakup nets Wall Street $1 billion bonanza: report ‘Underwater’
Mortgages to Hit 48%, Deutsche Bank Says Oil price hits $76, highest
since October...
US companies axe 371,000 jobs in July Half of U.S.
mortgages seen underwater by 2011... Recovery ‘not in sight’ says BMW Unemployment spreads distress in U.S. home loans Cities in the U.S. Sun Belt states of
California, Florida, Nevada and Arizona dominated the record foreclosure spree
in the first half of the year, but distress in other regions emerged as
joblessness spread, RealtyTrac said on Thursday. Recession
Worse Than Prior Estimates, Revisions Show Bloomberg | The
first 12 months of the U.S. recession saw the economy shrink more than twice as
much as previously estimated, reflecting even bigger declines in consumer
spending and housing, revised figures showed. Do you realize how many suckers’
rally points were added by the fake numbers contributing to this new
commissioning bubble! REVISED: ECONOMY 2X WORSE...
The government plans big revisions to historical economic
data... Developing... Regulators shut banks in
Fla., NJ, Ohio, Okla... WASHINGTON (AP) -- Regulators on Friday shut down banks in Florida, New
Jersey, Ohio, Oklahoma and Illinois, boosting to 69 the number of federally
insured banks to fail this year amid the pressures of the weak economy and
mounting loan defaults. PhD
Economist: Fed has Caused Soaring Unemployment, Millions of Foreclosures,
Millions Losing Life Savings and More than $6 Trillion in Lost Output DOLLAR DROPS TO '09 LOW... 75%
Favor Auditing The Fed Tarp banks
award billions in bonuses... The Real Unemployment Rate Hits a 68-Year High 2009 Looking More Like 1929 Dollar Falls to
2009 Low... Six Georgia banks
fail, bringing year tally to 64.... Rally may cool on earnings reality check Dollar Falls to Near 2009 Low as Economy Pares Refuge
Demand Ben
Bernanke Was Wrong Wall
Street’s Love Affair with Ben Bernanke Mike Whitney | bernanke knows that the country is in a Depression
Scams
And Bailouts The Cause of World Depression New US weekly jobless claims jump Its Official: U.S. Trapped in an Extended Depressionary
Cycle MICROSOFT Profit Drops 29% as
PC Slowdown Weighs on Revenue… they haven’t availed themselves of the fake
assets/books legislation recently passed... AMAZON.COM Profit
Drops 10%... Bernanke:
“I Don’t Know” Which Foreign Banks Were Given Half a Trillion Paul Joseph Watson Grayson grills Fed chairman on destination of credit
swaps. Fed:
unemployment will top 10 percent this year... Foreclosures (those increased home
sales that has been fueling suckers’ rally)
rise 15 percent in first half of 2009 (7-17) Three more banks
fail, bringing 2009 tally to more than double all of 2008 at a total thus far
of 57 Lower Markets on the Horizon Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly The Ultimate Insider Trading Scheme Max Keiser: Goldman Sachs
gang are ’scum’ who have co-opted U.S. gov’t Cost
Of Bailout Hits A Whopping $24 Trillion Dollars Stearns Crucifies Paulson On Bailout Bait And Switch
Fiscal ruin of the Western world beckons Foreign Embassies Urged to Stockpile Local Currencies
Bailout
Overseer Says Banks Misused TARP Funds TARP watchdog says Treasury lacking bank data Goldman Sachs
caused the problems in the first
place… Who can deny that? Budget deficit tops $1 trillion for first time
(AP) CIT Watch: Analysts Says Debt Load Isn't the
Only Problem Geithner Refuses to Rule Out
Continuing Using American Taxpayer as Piggy Bank for Derivatives Losses
WHITE
HOUSE ECON ADVISER CLAIMS SUCCESS: FEWER PEOPLE SEARCHING 'ECONOMIC DEPRESSION'
ON GOOGLE BECAUSE EXPERIENCING IT FIRST-HAND THEY ALREADY KNOW WHAT ECONOMIC
DEPRESSION IS... What
Economy? There’s Nothing Left to Recover There is no economy left to recover. The US manufacturing economy
was lost to offshoring and free trade ideology. It was replaced by a mythical
“New Economy “ ; less bad, not as bad as expected…riiiiight!, tarp money
for the commission frauds on wall street in new manufactured bubble as
actual/real manufacturing down again; consumer confidence down,
commercial loans begin default phase of downturn, 6.9 million continuing
unemployment claims for new record; retail sales down sharply A REALITY CHECK ON U.S. 'ECONOMIC
RECOVERY' Jeff Nielson - U.S. equities
are rallying again today, and (as usual) it is a rally with no basis in
reality. Economist:
FDIC gearing up for bank closures Goldman Sachs Admits Its Software Can “Manipulate Markets
in Unfair Ways and fraudulently generate commissions /trade volume” Max Keiser: Goldman Sachs gang
are ’scum’ who have co-opted U.S. gov’t You Tube | Goldman Sachs are scum– that’s the bottom line.
They have co-opted the government, the Treasury Department and the Federal
Reserve’s functionality. They’ve co-opted the Obama administration & Barack
Obama dances to Goldman Sachs’ tune. True unemployment rate already at 20% This Depression
Will Last For Years Wyoming sees
first bank failure since 1991 China
criticizes dollar AIG Preparing to Pay New
Round of Bonuses... While Talking About Keynesian Stimulus, Feds Are Really
Just Giving Money to the Big Frauds
FDIC
Insurance Fund: It Doesn’t Actually Exist Replacing the dollar as reserve currency US loses 467,000 jobs, unemployment at 9.5% 'We're in the Middle of a Crash': Black Swan... Economic
Expectations – Unemployment Rate Will Reach 15% David Tice: We are going into a depression-15%
unemployment or more on horizon. U.S. consumers fall behind on loans at
record pace FBI: Mortgage
fraud 'rampant' and growing... Celente and Schiff
Predict Food Panic This Year. Watch clips HERE. Fema Camps Built. Wall Street hits 10-week low amid talk of new
stimulus (7-2)Seven more banks fail,
bringing 2009 tally to more than double all of 2008 at a total thus far of 52;
Private sector sheds another 473,000 jobs in June... US lurching towards ‘debt
explosion’ with long-term interest rates on course to double Jim Rogers Sells Dollars, Plans
to Short Treasuries ‘Sucker’s Rally Beginning To Unwind’ daaaah…? Calls grow to supplant dollar as global currency China officials
call for displacing dollar, in time Tracking Two
Depressions, 1929 and now this Mortgage applications fall to 7-month low... Private
sector sheds another 473,000 jobs in June... 'Layoffs may be worsening'... AIG shares drop
after 1-for-20 reverse-stock split (AP) Manhattan
apartment prices skid 13 to 19 percent Job
losses / job concerns realistically weigh on confidence, real estate
values/prices continue downward trend as per Case / Shiller Index (-18.1%, -21%
in california) Consumer
confidence suffers steep fall... Home prices post 18% annual
drop... Worldwide Depression: Review of Global Markets . Four banks
fail, bringing 2009 tally to 19 more than all of 2008 at a total thus far of 44 Dollar Falls Most in Month as China Urges New Reserve
Currency Gerald Celente speaks on Cap and Trade and other handicaps
to the US economy HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH
CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT ONE
PROSECUTION IN THE MOST RECENT MASSIVE
SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS
WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK
MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T),
CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH
THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD
IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE,
RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED
SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS
ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC!
… THAT MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS,
… NOT OUT OF THIN AIR! ] TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP
SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
A REALITY CHECK ON U.S. 'ECONOMIC
RECOVERY' Jeff Nielson - U.S. equities
are rallying again today, and (as usual) it is a rally with no basis in
reality. , personal
income up modest .2% and spending down, China calls for new reserve currency to
supplant worthless dollar Dollar
And Stocks Drop As China Calls For New Global Currency , continuing
unemployment claims at or near record 627,000, weekly unemployment claims up
15,000, and GDP contraction –5.5%, all worse than expected (lennar wider than
expected quarterly loss rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing words/b.s. from fed which
previously predicted no recession that economy still contracting but that the
contraction is somewhat slowing…what b**l s**t!…, analysts- buffet/economy in
shambles, Hogan/negative GDP growth and inflation owing to debasement of the
dollar as well as deficit spending/pump-priming in the trillions, joker
stein/economy a mess and continued job losses, new home sales down .6%; U.S. Home Prices Drop 6.8
Percent in April as Foreclosures Rise foreclosure sales
up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their
40th bank of the year , Next
Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9%
and big difference between not getting worse and getting better, market got
ahead of itself, stalled out, still depression/more job losses, higher oil-gas
prices / higher interest rates / heavy debt to pare down is 1-3 year drag on
economy, even if believed (I don’t) the labor dept. far better than expected
job numbers by increased debt (spending) to produce same is not economically
sound or sustainable, viz., record spending with record low revenues, rating
cuts for bank sector, analysts concur in significant 5-15% (reality says
15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down
1.1%, housing starts allegedly up but if believed will only increase the
plethora of unsold inventories, empire manufacturing index suffers unexpectedly
severe decline…daaaah!, credit dard defaults at record high, analysts concur that
fundamentals don’t support stock rally and that pac money(defacto bribes) might
derail any meaningful reform/regulation which is of concern to the frauds on
wall street who should be prosecuted, record loss of wealth, higher gas prices,
job losses, higher interest rates / yields, higher commodity prices, higher
deficits, hyperinflation, record continuing unemployment claims at 6.8 million,
worthless Weimar dollar crashing, money
supply exploding with hyperinflation/higher interest rates coming, budget
deficit at new highs and trade deficit worse than expected, analyst who called
crash says inflationary depression, banks passed stress tests only with the
help of fraudulent change in accounting rules, banks still insolvent, toxic
assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end
of year, Obama/bernanke continuing failed policies of bush greenspan,
recommends getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not
Over” 6/9/2009 A REALITY CHECK ON U.S.
'ECONOMIC RECOVERY' Jeff Nielson - U.S.
equities are rallying again today, and (as usual) it is a rally with no basis
in reality. Markets See a Breakdown in
Technical Support Levels Roubini: USA sees
double-dip recession... Jobless claims rise; GDP dips in 1Q Bernanke faces GOP-led (who are they
kidding-bushies/paulsen went so far as threaten martial law- prosecute now!
They continue to allow the wall street fraud and political theater doesn’t
change their complicity) heat on BofA-Merrill deal Fed Tried to Cover-up Its
Involvement in Bank of America-Merrill Deal U.S. Economy: Jobless Claims
Rise in Sign Labor Market Stagnant Dollar
drops on reserve currency doubts China sells US
bonds to ’show concern’ BRICs May Buy
Each Other’s Bonds in Shift From Dollar China’s holding of US bonds
drops first time in 11 months Russia to Raise Reserve
Currency Issue at BRIC International
Demand for Worthless U.S. Assets Slowed in April IMF says worst not over Senator cashed out during big
stock collapse -- after meeting with Fed, Treasury chiefs! America's AAA
downgrade danger...
Treasury
faces pressure on price of TARP exit A depression so deep even
teen shoppers scrimp US cities may have to be bulldozed in order to survive 1st quarter
wiped out $1.3 trillion for Americans Get Ready for Inflation and
Higher Interest Rates Oil prices near $73 as
energy rally continues Fed Would Be Shut Down If It
Were Audited Fed says
economy weak, but sees signs the slide increasing Mounting
deficits spark jitters about U.S. economy Wall Street falls as
realities dent recovery hopes
Bonds fall on
worries about government's debt load (AP) Oil prices
strike new high for 2009 (AP) The depression quietly deepens
CHINA
AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes,
We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake government job loss report near 40%
better than private forecasts…I don’t think so!…9.4% unemployment rate…try well
over 10% and with stopped looking included over 20% , Jim
Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now China explores
buying $50bn in IMF bonds US retailers
report May sales declines Tiny
Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector
job losses/factory orders worse than expected, new record continuing
unemployment claims, bernanke spend more money you don’t have but cut
debilitating deficit…riiiiight…sounds like a plan with more job losses to come,
etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As
the Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD
$63.8 TRILLION... The Big Collapse
Is Very Near Dollar Declines as Nations Mull Reserve Currency Alternative
Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record
decline in real estate prices, $80+ oil
coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
, world economy to shrink by worse than
previously predicted 2.9% and big difference between not getting worse and
getting better, leading
indicators up far more than expected … bull s**t …based in large part on
inflated stock price component … more bull s**t … new
reform with same old frauds say increased capital requirements and oversight of
the overseers/rating agencies (riiiiight!…same old,same old - already have but
no will to enforce existing laws, etc.), analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets Insiders Exit Shares at the
Fastest Pace in Two Years BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... The Next Bubble Is Here. Have You Bought In? Here
we go again! Barney Frank asks FANNIE and FREDDIE to relax Mortgage lending
rules... Fed Tried to Cover-up Its Involvement in Bank of America-Merrill
Deal Dollar
And Stocks Drop As China Calls For New Global Currency Citigroup
Ordered to Suspend Some Operations in Japan Bernanke
Grilling May Weaken Case for Fed as Risk Regulator Citi boosting salaries to offset lower bonuses,
allegedly to retain the clowns who helped make them taxpayer dependant and
cause the current debacle; how ‘bout firing them instead and offering
opportunity to the new, particularly non-ivy league vegetable garden grads [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. Home Prices Drop 6.8 Percent
in April as Foreclosures Rise [$$] Red Roof Inn Defaults on Mortgage Debt (at The
Wall Street Journal Online)
MySpace to cut two-thirds of global
workforce GM to cut 4,000 more white-collar jobs
by year end Oracle tops forecasts despite sales,
profit dip; stated another way, bad news will be shilled as good news (AP) California
Collapsing Bankster “Holiday” Planned for
September? Recession Sparking Global Unrest
Is Your Portfolio Ready for the Next
Leg Down? S&P turns negative for year in
broad sell-off (Reuters) Goldman Sachs on pace for record bonuses: report
(Reuters) Numbers On Welfare See Sharp
Increase Top Insiders Playing You For A
Sucker? The death of the dollar. Who
could deny it? Stanford indicted in
massive U.S. fraud case which is small potatoes compared to ubiquitously
massive wall street securities fraud which caused the ongoing financial debacle Venture
Capital Bubble Set to Burst, Kedrosky Says Obama Plans to Cut Bank
Regulators, Allow Fed to Supervise Financial Holding Companies – The old fox
guarding the henhouse tricks Federal Reserve unwisely to
gain power under plan Federal Reserve Foolishly
To
Be Given Sweeping New Powers Yen Strengthens Most in Month
as Asian Stocks Drop, Gold Gains RUSSIA
CHALLENGES WORTHLESS DOLLAR... AIG says former
top exec plundered retirement plan [video] The Too-Big-to-Fail
Problem [6.8 min] (at MarketWatch) [$$] Too Big to
Solve? (at The Wall Street Journal Online) Buy and Hold Is
Dead. Long Live Buy and Hold! Financial Bailout Plan Keeps
Zombie Banks Alive Bernanke then as now in denial
about looming crisis 2005-2007 Retail sales,
drop in jobless claims to a very high even if believed 601,000 yielding record
continuing claims of 6.8 million fuel hope…if you’re a dope Lawmakers
blast Fed, Treasury for BofA "threats" Oil climbs over $73 on
hopes for rising demand U.S. Household
Worth Fell by $1.3 Trillion in First Quarter Predictions of $250
a barrel on oil ECB Fears Reality of
Banking Crisis in 2010: Report Get Ready for Inflation and
Higher Interest Rates Bill To Audit Federal Reserve
Now Has 209 Co-Sponsors Russia May Swap Some U.S.
Treasuries for IMF Debt Fed report shows losses on Bear Stearns, AIG holdings Congress subpoenas the Fed ... Finally!
(AP) Brazil in recession, recovery unlikely this year What a “Jobless Recovery”
Really Means: A Massive Redistribution of Wealth from the Little Guy to the Big
Boys Obama
Tells American Businesses to Drop Dead America’s Fed Addiction “87
Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are Unsafe” Fed Said to
Retreat From Seeking Power to Sell Its Own Debt/Bills WIRE:
Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory
Loss
Obama’s economic model versus
reality Reality
bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government
reports better than private estimates…riiiiight! President
of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now Benefit spending
soars to new high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC:
OIL COULD REACH $90... ----- Existing home
foreclosure sales up, and no profit discount car sales better than
expected Diluting
like crazy through new stock bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN MAY
AND GO AWAY’, so SELL/SELL INTO RALLIES/STRENGTH/ TAKE
PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!
(8-5-09)
Dow
9,279 -39 To stamp out fraud, no change from suckers’ rally worth
reporting for second, third, fourth weeks of March and April -436 for the first week of March -12% for the month of February -8.8% (-775) for the
month of January -1% for fourth week of
January -2.5% for third week of January -4% for second week of January -5% for first full week of January
-34% for the year -1%
for the fourth week of December No
change worth reporting for second and third weeks of December -2.3% for the
first week of December -5.8% for the month of
November. -15% for the month of October Nasdaq 1,993 -18 To stamp out fraud, no change from
suckers’ rally worth reporting for second, third, fourth weeks of March and April -84 for
the first week of March -7% for the month of
February -6.4% (-101) for the month of
January -1% for fourth week of January
-3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P
500 1,003 -3 To stamp out fraud, no change from
suckers’ rally worth reporting for second,
third, fourth weeks
of March and
April -52 for the first week of March -11%
for the month of February -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $71.97
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.65 (reg. gas in LAND
OF FRUITS AND NUTS $2.93REG./ $3.09
MID-GRADE/ $3.17PREM./ $2.86 DIESEL)/
GOLD $966 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER
$14.76 PLATINUM $1,293 / DOLLAR= .69
EURO, 93 YEN, .58 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE
YIELD 3.75% …..…
AP Business Highlights
… ...Yahoo Market
Update... ] YAHOO - BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Must Read
Economic/Financial Data This Depression is
just beginning The Next Wave of Collapse is Coming Sooner than you think
ABSOLUTELY,
ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN IN THIS UNIQUELY
PREPOSTEROUS AND FRAUDULENT ENVIRONMENT! [
This Depression is
just beginning The Next Wave of Collapse is Coming Sooner than you think
Back in the Great Depression of 1929 through the 1930’s, we saw
a similar Zig-zag pattern. There was a crash in 1929, followed by a nice rally,
but then the most devastating part of the market collapse followed into the
1930’s. Feds Hit With Biggest Tax Revenue Drop Since
1932... The Great Depression Two Continues There is no coincident data which is
demonstrating this recession is over. Some may be at the bottom, others have a
way to go… An Artifical
Recovery [$$] Why I Went Fully Into
Cash A REALITY CHECK ON U.S.
'ECONOMIC RECOVERY' Jeff Nielson - U.S.
equities are rallying again today, and (as usual) it is a rally with no basis
in reality. Most of the enthusiasm comes from another string of corporate
quarterly results which “beat expectations”. I had hoped that the sheep were
starting to clue-in to this silly game, however it appears there is a still a
large pack of Pavlov's Dogs out there – who respond to their propaganda cues
without a moment of actual thought. The truth is that all of the companies
“beating expectations” are still reporting steadily worse results
year-over-year – and in many cases, much worse results. Among the few
exceptions are U.S. financial corporations. However, since accounting-fraud was
legalized in the United States (see “FASB strong-armed into mark-to-fantasy accounting”),
their bottom-lines have had absolutely no connection to their business
operations… The
Real Economy Versus the Make-Believe World of the Government and Financial
Giants In the real economy, unemployment is at
Depression-era levels. Top firms' pension funds plummet Consumer bankruptcies jump 34%
Nine Of Ten Sectors Overbought This Depression is
just beginning US companies
axe 371,000 jobs in July Half of U.S. mortgages seen underwater by 2011...
Recovery ‘not in sight’ says BMW ] CONTINUED
FRAUD WITH PROGRAMMED SUCKERS’ RALLY INTO THE CLOSE TO FINISH WELL OFF LOWS
WITH SCANDAL-SCARRED CORRUPT COMMERCE DEPARTMENT CHIMING IN WITH TYPICALLY
UNBELIEVABLE MUCH BETTER THAN EXPECTED FAKE NUMBERS [ Max Keiser: Prosecute the Bankster Crime Syndicate (7-29-09)
Insiders Selling at Alarming Levels …Although the level of insider selling is certainly
alarming it's important to note that the very low levels of buying are
particularly alarming. Insiders sell stock for many reasons, but they generally
only buy stock for one reason: they believe the stock is going up. Despite the
fact the media is reporting an end to the recession, a bottom in housing and a
trough in earnings we are seeing a vote of zero confidence from the people who
know these companies better than anyone else…
Causes of This Depression Yet To Be Addressed Further impoverishment is on the way. More
and more will be laid off and they’ll be no new jobs available. Savings will be
exhausted and most homes that have been financed will be under water. Some banks paid bonuses bigger than income: o This Depression is
just beginning You read that right! Only $400 billion
of that fantastic 6 month “green shoots” stock market rally came from money
market accounts. The rest ($2.3 trillion) was laundered through the banks and
other financial institutions to create the appearance of recovery and to raise
equity for underwater banks rather than forcing them into receivership (which
is where they belong) Bernanke probably knew that congress wouldn’t approve
another TARP-type bailout for dodgy mortgage-backed assets, so he settled on
this shifty plan instead. The only problem is, the banks are still broke,
business investment is at historic lows, consumers are on the ropes, the
unemployment lines are swelling, the homeless shelters are bulging, the pawn
shops are bustling, tent cities are sprouting up everywhere, and according to
MarketWatch, Corporate insiders have recently been selling their companies’
shares at a greater pace than at any time since the top of the bull market in
the fall of 2007.” Face it; the economy is in the crapper and Bernanke’s
trickery hasn’t done a lick of good. The Next Wave of Collapse is Coming Sooner than you think
Back in the Great Depression of 1929 through the 1930’s, we saw
a similar Zig-zag pattern. There was a crash in 1929, followed by a nice rally,
but then the most devastating part of the market collapse followed into the
1930’s. The
Real Economy Versus the Make-Believe World of the Government and Financial
Giants In the real economy,
unemployment is at Depression-era levels.
Top firms' pension funds plummet Consumer bankruptcies jump 34%
Nine Of Ten Sectors Overbought This Depression is
just beginning Feds Hit With Biggest Tax Revenue Drop Since
1932... The Great Depression Two Continues There is no coincident data which is
demonstrating this recession is over. Some may be at the bottom, others have a
way to go… An
Artifical Recovery [$$] Why I Went Fully Into
Cash US companies
axe 371,000 jobs in July Half of U.S. mortgages seen underwater by 2011...
Recovery ‘not in sight’ says BMW Recession Worse Than Prior Estimates, Revisions Show Bloomberg | The first 12 months of the U.S.
recession saw the economy shrink more than twice as much as previously
estimated, reflecting even bigger declines in consumer spending and housing,
revised figures showed.
DO YOU REALIZE HOW MANY SUCKERS’ RALLY POINTS WERE ADDED BY THE FAKE NUMBERS
CONTRIBUTING TO THIS NEW COMMISSIONING BUBBLE! REVISED: ECONOMY 2X WORSE...
The government plans big revisions to historical economic
data... Developing... Regulators shut banks in
Fla., NJ, Ohio, Okla... WASHINGTON (7-31-09) (AP) -- Regulators on Friday shut down banks in Florida, New
Jersey, Ohio, Oklahoma and Illinois, boosting to 69 the number of federally
insured banks to fail this year amid the pressures of the weak economy and
mounting loan defaults. PhD
Economist: Fed has Caused Soaring Unemployment, Millions of Foreclosures,
Millions Losing Life Savings and More than $6 Trillion in Lost Output DOLLAR DROPS TO '09 LOW... Unemployment spreads distress in U.S. home loans Weak
Treasury Auctions Raise Worries About Debt Burden...
[$$] Senate
Probes Banks for Meltdown Fraud (at The Wall Street Journal Online) Even Bernanke Admits this Could be Worse than the Great
Depression Senate probes Goldman,
Deutsche: report (Reuters)
The Real Unemployment Rate Hits a 68-Year High 2009 Looking More Like 1929 Dollar Falls to
2009 Low... U.S. Markets Decline After
Weaker Than Expected Data A REALITY CHECK ON U.S. 'ECONOMIC RECOVERY' Jeff Nielson - U.S. equities are rallying
again today, and (as usual) it is a rally with no basis in reality. ] AND NOTHING REAL OR
POSITIVE AT ALL (IE., STILL NO PROSECUTIONS OF THE FRAUDS ON WALL STREET SO
JUST ANOTHER BUILT-IN COST BY CHURN-AND-EARN COMMISSIONS TO, DEFACTO TAX ON
NON-PERFORMING / DECLINING ECONOMY, DURABLE GOODS DOWN/FORECLOSURES UP,
CONFIDENCE REALISTICALLY DOWN, CORRUPT COMMERCE DEPARTMENT CHIMES IN WITH FAKE
NUMBERS, USED HOME SALES UP WITH DEFAULTS/ SHORT SALES, JOB LOSSES UP, BETTER
THAN EXPECTED MANTRA, GUIDANCE THAT DEFIES REALITY BY A LONG SHOT AS IN LAST
COMMISSIONABLE BUBBLE BUST, JOB/COST CUTS TO BONE, ETC.) ( Max Keiser: Prosecute the Bankster Crime Syndicate Max
Keiser: Goldman Sachs Are “Scum,” “Financial Terrorists” Bank profits not as impressive as they seem
when you take into account TARP funding, changed accounting rules to fudge
books, new stock issues, etc… um Cost
Of Bailout Hits A Whopping $24 Trillion Dollars Stearns Crucifies Paulson On Bailout Bait And Switch
Fiscal ruin of the Western world beckons Foreign Embassies Urged to Stockpile Local Currencies
Bailout
Overseer Says Banks Misused TARP Funds Regulators shut banks in Calif., Ga. and SD ) TO KEEP
SUCKERS SUCKERED [ (7-29-09) Insiders Selling at Alarming
Levels Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [Tarp
banks award billions in bonuses... Goldman Sachs on pace for record bonuses: report
(Reuters) Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly Max Keiser: Prosecute the Bankster Crime Syndicate Corporate
Media Spotlights Distortion of Market by High Frequency Trading [$$] Big Pay
Packages Return to Wall Street as new fraud gains steam (at The Wall Street
Journal Online) Max Keiser: Goldman Sachs
gang are ’scum’ who have co-opted U.S. gov’t Max
Keiser: Goldman Sachs Are “Scum,” “Financial Terrorists” Max Keiser goes on the offensive during an
appearance on France 24 as he slams Goldman Sachs as “scum” and “financial
terrorists” who should be thrown in jail.
‘Printing
money will lead to serious problems down the road,’ says Jim Rogers Spitzer: Federal Reserve is ‘a
Ponzi scheme, an inside job’ 2009 Looking More
Like 1929 ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... Scams
And Bailouts The Cause of World Depression (7-29-09) Insiders Selling at Alarming
Levels Causes of Depression Yet To Be Addressed Further impoverishment is on the way. More
and more will be laid off and they’ll be no new jobs available. Savings will be
exhausted and most homes that have been financed will be under water. Some banks paid bonuses bigger than income: o This Depression is
just beginning You read that right! Only $400 billion
of that fantastic 6 month “green shoots” stock market rally came from money
market accounts. The rest ($2.3 trillion) was laundered through the banks and
other financial institutions to create the appearance of recovery and to raise
equity for underwater banks rather than forcing them into receivership (which
is where they belong) Bernanke probably knew that congress wouldn’t approve
another TARP-type bailout for dodgy mortgage-backed assets, so he settled on
this shifty plan instead. The only problem is, the banks are still broke,
business investment is at historic lows, consumers are on the ropes, the
unemployment lines are swelling, the homeless shelters are bulging, the pawn
shops are bustling, tent cities are sprouting up everywhere, and according to
MarketWatch, Corporate insiders have recently been selling their companies’
shares at a greater pace than at any time since the top of the bull market in
the fall of 2007.” Face it; the economy is in the crapper and Bernanke’s
trickery hasn’t done a lick of good. The Next Wave of Collapse is Coming Sooner than you think
Back in the Great Depression of 1929 through the 1930’s, we saw
a similar Zig-zag pattern. There was a crash in 1929, followed by a nice rally,
but then the most devastating part of the market collapse followed into the
1930’s. Feds Hit With Biggest Tax Revenue Drop Since
1932... The Great Depression Two Continues There is no coincident data which is
demonstrating this recession is over. Some may be at the bottom, others have a
way to go… An
Artifical Recovery [$$] Why I Went Fully Into
Cash The
Real Economy Versus the Make-Believe World of the Government and Financial
Giants In the real economy, unemployment is at
Depression-era levels. US companies
axe 371,000 jobs in July Half of U.S. mortgages seen underwater by 2011...
Recovery ‘not in sight’ says BMW Top firms' pension funds plummet Consumer bankruptcies jump 34%
Nine Of Ten Sectors Overbought This Depression is
just beginning Unemployment spreads distress in U.S. home loans Cities in the U.S. Sun Belt states of
California, Florida, Nevada and Arizona dominated the record foreclosure spree
in the first half of the year, but distress in other regions emerged as
joblessness spread, RealtyTrac said on Thursday. Recession
Worse Than Prior Estimates, Revisions Show Bloomberg | The
first 12 months of the U.S. recession saw the economy shrink more than twice as
much as previously estimated, reflecting even bigger declines in consumer
spending and housing, revised figures showed. Do you realize how many suckers’
rally points were added by the fake numbers contributing to this new
commissioning bubble! REVISED: ECONOMY 2X WORSE...
The government plans big revisions to historical economic
data... Developing... Regulators shut banks in Fla.,
NJ, Ohio, Okla...
WASHINGTON (AP) -- Regulators on Friday shut down banks in Florida, New Jersey,
Ohio, Oklahoma and Illinois, boosting to 69 the number of federally insured
banks to fail this year amid the pressures of the weak economy and mounting loan
defaults. PhD
Economist: Fed has Caused Soaring Unemployment, Millions of Foreclosures,
Millions Losing Life Savings and More than $6 Trillion in Lost Output DOLLAR DROPS TO '09 LOW... 75%
Favor Auditing The Fed Tarp banks
award billions in bonuses... The Real Unemployment Rate Hits a 68-Year High 2009 Looking More Like 1929 Dollar Falls to
2009 Low... Six Georgia banks
fail, bringing year tally to 64.... Rally may cool on earnings reality check Dollar Falls to Near 2009 Low as Economy Pares Refuge
Demand Ben
Bernanke Was Wrong Wall
Street’s Love Affair with Ben Bernanke Mike Whitney | bernanke knows that the country is in a Depression
Scams
And Bailouts The Cause of World Depression New US weekly jobless claims jump Its Official: U.S. Trapped in an Extended Depressionary
Cycle MICROSOFT Profit Drops 29% as
PC Slowdown Weighs on Revenue… they haven’t availed themselves of the fake
assets/books legislation recently passed... AMAZON.COM Profit
Drops 10%... Bernanke:
“I Don’t Know” Which Foreign Banks Were Given Half a Trillion Paul Joseph Watson Grayson grills Fed chairman on destination of credit
swaps. Fed:
unemployment will top 10 percent this year... Foreclosures (those increased home
sales that has been fueling suckers’ rally)
rise 15 percent in first half of 2009 (7-17) Three more banks
fail, bringing 2009 tally to more than double all of 2008 at a total thus far
of 57 Lower Markets on the Horizon Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly The Ultimate Insider Trading Scheme Max Keiser: Goldman Sachs
gang are ’scum’ who have co-opted U.S. gov’t Cost
Of Bailout Hits A Whopping $24 Trillion Dollars Stearns Crucifies Paulson On Bailout Bait And Switch
Fiscal ruin of the Western world beckons Foreign Embassies Urged to Stockpile Local Currencies
Bailout
Overseer Says Banks Misused TARP Funds TARP watchdog says Treasury lacking bank data Goldman Sachs
caused the problems in the first
place… Who can deny that? Budget deficit tops $1 trillion for first time
(AP) CIT Watch: Analysts Says Debt Load Isn't the
Only Problem Geithner Refuses to Rule Out
Continuing Using American Taxpayer as Piggy Bank for Derivatives Losses
WHITE
HOUSE ECON ADVISER CLAIMS SUCCESS: FEWER PEOPLE SEARCHING 'ECONOMIC DEPRESSION'
ON GOOGLE BECAUSE EXPERIENCING IT FIRST-HAND THEY ALREADY KNOW WHAT ECONOMIC
DEPRESSION IS... What
Economy? There’s Nothing Left to Recover There is no economy left to recover. The US manufacturing economy
was lost to offshoring and free trade ideology. It was replaced by a mythical
“New Economy “ ; less bad, not as bad as expected…riiiiight!, tarp money
for the commission frauds on wall street in new manufactured bubble as
actual/real manufacturing down again; consumer confidence down,
commercial loans begin default phase of downturn, 6.9 million continuing
unemployment claims for new record; retail sales down sharply A REALITY CHECK ON U.S. 'ECONOMIC
RECOVERY' Jeff Nielson - U.S. equities
are rallying again today, and (as usual) it is a rally with no basis in
reality. Economist:
FDIC gearing up for bank closures Goldman Sachs Admits Its Software Can “Manipulate Markets
in Unfair Ways and fraudulently generate commissions /trade volume” Max Keiser: Goldman Sachs gang
are ’scum’ who have co-opted U.S. gov’t You Tube | Goldman Sachs are scum– that’s the bottom line.
They have co-opted the government, the Treasury Department and the Federal
Reserve’s functionality. They’ve co-opted the Obama administration & Barack
Obama dances to Goldman Sachs’ tune. True unemployment rate already at 20% This Depression
Will Last For Years Wyoming sees
first bank failure since 1991 China
criticizes dollar AIG Preparing to Pay New
Round of Bonuses... While Talking About Keynesian Stimulus, Feds Are Really
Just Giving Money to the Big Frauds
FDIC
Insurance Fund: It Doesn’t Actually Exist Replacing the dollar as reserve currency US loses 467,000 jobs, unemployment at 9.5% 'We're in the Middle of a Crash': Black Swan... Economic
Expectations – Unemployment Rate Will Reach 15% David Tice: We are going into a depression-15%
unemployment or more on horizon. U.S. consumers fall behind on loans at
record pace FBI: Mortgage
fraud 'rampant' and growing... Celente and Schiff
Predict Food Panic This Year. Watch clips HERE. Fema Camps Built. Wall Street hits 10-week low amid talk of new
stimulus (7-2)Seven more banks fail,
bringing 2009 tally to more than double all of 2008 at a total thus far of 52;
Private sector sheds another 473,000 jobs in June... US lurching towards ‘debt
explosion’ with long-term interest rates on course to double Jim Rogers Sells Dollars, Plans
to Short Treasuries ‘Sucker’s Rally Beginning To Unwind’ daaaah…? Calls grow to supplant dollar as global currency China officials
call for displacing dollar, in time Tracking Two
Depressions, 1929 and now this Mortgage applications fall to 7-month low... Private
sector sheds another 473,000 jobs in June... 'Layoffs may be worsening'... AIG shares drop
after 1-for-20 reverse-stock split (AP) Manhattan
apartment prices skid 13 to 19 percent Job
losses / job concerns realistically weigh on confidence, real estate
values/prices continue downward trend as per Case / Shiller Index (-18.1%, -21%
in california) Consumer
confidence suffers steep fall... Home prices post 18% annual
drop... Worldwide Depression: Review of Global Markets . Four banks
fail, bringing 2009 tally to 19 more than all of 2008 at a total thus far of 44 Dollar Falls Most in Month as China Urges New Reserve
Currency Gerald Celente speaks on Cap and Trade and other handicaps
to the US economy HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH
CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT ONE
PROSECUTION IN THE MOST RECENT MASSIVE
SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS
WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK
MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T),
CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH
THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD
IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE,
RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED
SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS
ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC!
… THAT MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS,
… NOT OUT OF THIN AIR! ] TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP
SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
A REALITY CHECK ON U.S. 'ECONOMIC
RECOVERY' Jeff Nielson - U.S. equities
are rallying again today, and (as usual) it is a rally with no basis in
reality. , personal
income up modest .2% and spending down, China calls for new reserve currency to
supplant worthless dollar Dollar
And Stocks Drop As China Calls For New Global Currency , continuing
unemployment claims at or near record 627,000, weekly unemployment claims up
15,000, and GDP contraction –5.5%, all worse than expected (lennar wider than
expected quarterly loss rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing words/b.s. from fed which
previously predicted no recession that economy still contracting but that the
contraction is somewhat slowing…what b**l s**t!…, analysts- buffet/economy in
shambles, Hogan/negative GDP growth and inflation owing to debasement of the
dollar as well as deficit spending/pump-priming in the trillions, joker
stein/economy a mess and continued job losses, new home sales down .6%; U.S. Home Prices Drop 6.8
Percent in April as Foreclosures Rise foreclosure sales
up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their
40th bank of the year , Next
Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9%
and big difference between not getting worse and getting better, market got
ahead of itself, stalled out, still depression/more job losses, higher oil-gas
prices / higher interest rates / heavy debt to pare down is 1-3 year drag on economy,
even if believed (I don’t) the labor dept. far better than expected job numbers
by increased debt (spending) to produce same is not economically sound or
sustainable, viz., record spending with record low revenues, rating cuts for
bank sector, analysts concur in significant 5-15% (reality says 15-25%)
pullback/correction for stocks , institutional selling, industrial production/construction down
1.1%, housing starts allegedly up but if believed will only increase the
plethora of unsold inventories, empire manufacturing index suffers unexpectedly
severe decline…daaaah!, credit dard defaults at record high, analysts concur
that fundamentals don’t support stock rally and that pac money(defacto bribes)
might derail any meaningful reform/regulation which is of concern to the frauds
on wall street who should be prosecuted, record loss of wealth, higher gas
prices, job losses, higher interest rates / yields, higher commodity prices,
higher deficits, hyperinflation, record continuing unemployment claims at 6.8
million, worthless Weimar dollar crashing,
money supply exploding with hyperinflation/higher interest rates coming,
budget deficit at new highs and trade deficit worse than expected, analyst who
called crash says inflationary depression, banks passed stress tests only with
the help of fraudulent change in accounting rules, banks still insolvent, toxic
assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end
of year, Obama/bernanke continuing failed policies of bush greenspan, recommends
getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not
Over” 6/9/2009 A REALITY CHECK ON U.S.
'ECONOMIC RECOVERY' Jeff Nielson - U.S.
equities are rallying again today, and (as usual) it is a rally with no basis
in reality. Markets See a Breakdown in
Technical Support Levels Roubini: USA sees
double-dip recession... Jobless claims rise; GDP dips in 1Q Bernanke faces GOP-led (who are they kidding-bushies/paulsen
went so far as threaten martial law- prosecute now! They continue to allow the
wall street fraud and political theater doesn’t change their complicity) heat
on BofA-Merrill deal Fed Tried to Cover-up Its
Involvement in Bank of America-Merrill Deal U.S. Economy: Jobless Claims
Rise in Sign Labor Market Stagnant Dollar
drops on reserve currency doubts China sells US
bonds to ’show concern’ BRICs May Buy
Each Other’s Bonds in Shift From Dollar China’s holding of US bonds
drops first time in 11 months Russia to Raise Reserve
Currency Issue at BRIC International
Demand for Worthless U.S. Assets Slowed in April IMF says worst not over Senator cashed out during big
stock collapse -- after meeting with Fed, Treasury chiefs! America's AAA
downgrade danger...
Treasury
faces pressure on price of TARP exit A depression so deep even
teen shoppers scrimp US cities may have to be bulldozed in order to survive 1st quarter
wiped out $1.3 trillion for Americans Get Ready for Inflation and
Higher Interest Rates Oil prices near $73 as
energy rally continues Fed Would Be Shut Down If It
Were Audited Fed says
economy weak, but sees signs the slide increasing Mounting
deficits spark jitters about U.S. economy Wall Street falls as
realities dent recovery hopes
Bonds fall on
worries about government's debt load (AP) Oil prices
strike new high for 2009 (AP) The depression quietly deepens
CHINA
AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes,
We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake government job loss report near 40%
better than private forecasts…I don’t think so!…9.4% unemployment rate…try well
over 10% and with stopped looking included over 20% , Jim
Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now China explores
buying $50bn in IMF bonds US retailers
report May sales declines Tiny
Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector
job losses/factory orders worse than expected, new record continuing
unemployment claims, bernanke spend more money you don’t have but cut
debilitating deficit…riiiiight…sounds like a plan with more job losses to come,
etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As
the Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD
$63.8 TRILLION... The Big Collapse
Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record
decline in real estate prices, $80+ oil coming
this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
, world economy to shrink by worse than
previously predicted 2.9% and big difference between not getting worse and
getting better, leading
indicators up far more than expected … bull s**t …based in large part on
inflated stock price component … more bull s**t … new
reform with same old frauds say increased capital requirements and oversight of
the overseers/rating agencies (riiiiight!…same old,same old - already have but
no will to enforce existing laws, etc.), analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets Insiders Exit Shares at the
Fastest Pace in Two Years BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... The Next Bubble Is Here. Have You Bought In? Here
we go again! Barney Frank asks FANNIE and FREDDIE to relax Mortgage lending
rules... Fed Tried to Cover-up Its Involvement in Bank of America-Merrill
Deal Dollar
And Stocks Drop As China Calls For New Global Currency Citigroup
Ordered to Suspend Some Operations in Japan Bernanke
Grilling May Weaken Case for Fed as Risk Regulator Citi boosting salaries to offset lower bonuses,
allegedly to retain the clowns who helped make them taxpayer dependant and
cause the current debacle; how ‘bout firing them instead and offering
opportunity to the new, particularly non-ivy league vegetable garden grads [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. Home Prices Drop 6.8 Percent
in April as Foreclosures Rise [$$] Red Roof Inn Defaults on Mortgage Debt (at The
Wall Street Journal Online)
MySpace to cut two-thirds of global
workforce GM to cut 4,000 more white-collar jobs
by year end Oracle tops forecasts despite sales,
profit dip; stated another way, bad news will be shilled as good news (AP) California
Collapsing Bankster “Holiday” Planned for
September? Recession Sparking Global Unrest
Is Your Portfolio Ready for the Next
Leg Down? S&P turns negative for year in
broad sell-off (Reuters) Goldman Sachs on pace for record bonuses: report
(Reuters) Numbers On Welfare See Sharp
Increase Top Insiders Playing You For A
Sucker? The death of the dollar. Who
could deny it? Stanford indicted in
massive U.S. fraud case which is small potatoes compared to ubiquitously
massive wall street securities fraud which caused the ongoing financial debacle Venture
Capital Bubble Set to Burst, Kedrosky Says Obama Plans to Cut Bank
Regulators, Allow Fed to Supervise Financial Holding Companies – The old fox
guarding the henhouse tricks Federal Reserve unwisely to
gain power under plan Federal Reserve Foolishly
To
Be Given Sweeping New Powers Yen Strengthens Most in Month
as Asian Stocks Drop, Gold Gains RUSSIA
CHALLENGES WORTHLESS DOLLAR... AIG says former
top exec plundered retirement plan [video] The Too-Big-to-Fail
Problem [6.8 min] (at MarketWatch) [$$] Too Big to
Solve? (at The Wall Street Journal Online) Buy and Hold Is
Dead. Long Live Buy and Hold! Financial Bailout Plan Keeps
Zombie Banks Alive Bernanke then as now in denial
about looming crisis 2005-2007 Retail sales,
drop in jobless claims to a very high even if believed 601,000 yielding record
continuing claims of 6.8 million fuel hope…if you’re a dope Lawmakers
blast Fed, Treasury for BofA "threats" Oil climbs over $73 on hopes
for rising demand U.S. Household
Worth Fell by $1.3 Trillion in First Quarter Predictions of $250
a barrel on oil ECB Fears Reality
of Banking Crisis in 2010: Report Get Ready for Inflation and
Higher Interest Rates Bill To Audit Federal Reserve
Now Has 209 Co-Sponsors Russia May Swap Some U.S.
Treasuries for IMF Debt Fed report shows losses on Bear Stearns, AIG holdings Congress subpoenas the Fed ... Finally!
(AP) Brazil in recession, recovery unlikely this year What a “Jobless Recovery”
Really Means: A Massive Redistribution of Wealth from the Little Guy to the Big
Boys Obama
Tells American Businesses to Drop Dead America’s Fed Addiction “87
Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are Unsafe” Fed Said to
Retreat From Seeking Power to Sell Its Own Debt/Bills WIRE:
Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory
Loss
Obama’s economic model versus
reality Reality
bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government
reports better than private estimates…riiiiight! President
of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now Benefit spending
soars to new high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC:
OIL COULD REACH $90... ----- Existing home
foreclosure sales up, and no profit discount car sales better than
expected Diluting like crazy through new stock
bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
(8-4-09)
Dow
9320 +33 To stamp out fraud, no change from suckers’ rally worth
reporting for second, third, fourth weeks of March and April -436 for the first week of March -12% for the month of February -8.8% (-775) for the
month of January -1% for fourth week of
January -2.5% for third week of January -4% for second week of January -5% for first full week of
January -34% for the year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 2,011 +2 To stamp out fraud, no change from suckers’
rally worth reporting for second, third, fourth weeks of March and April -84 for
the first week of March -7% for the month of
February -6.4% (-101) for the month of
January -1% for fourth week of January
-3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P
500 1,005 +3 To stamp out fraud, no change from
suckers’ rally worth reporting for second,
third, fourth weeks
of March and
April -52 for the first week of March -11%
for the month of February -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $71.42
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.65 (reg. gas in LAND
OF FRUITS AND NUTS $2.93REG./ $3.09 MID-GRADE/
$3.17PREM./ $2.86 DIESEL)/ GOLD $968 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER
$14.69 PLATINUM $1,276 / DOLLAR= .69
EURO, 93 YEN, .59 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE
YIELD 3.69% …..…
AP Business Highlights
… ...Yahoo Market
Update... ] YAHOO - BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Must Read
Economic/Financial Data This Depression is
just beginning The Next Wave of Collapse is Coming Sooner than you think
ABSOLUTELY,
ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN IN THIS UNIQUELY
PREPOSTEROUS AND FRAUDULENT ENVIRONMENT! [
This Depression is
just beginning The Next Wave of Collapse is Coming Sooner than you think
Back in the Great Depression of 1929 through the 1930’s, we saw
a similar Zig-zag pattern. There was a crash in 1929, followed by a nice rally,
but then the most devastating part of the market collapse followed into the
1930’s. Feds Hit With Biggest Tax Revenue Drop Since
1932... The Great Depression Two Continues There is no coincident data which is
demonstrating this recession is over. Some may be at the bottom, others have a
way to go… An Artifical
Recovery [$$] Why I Went Fully Into
Cash A REALITY CHECK ON U.S.
'ECONOMIC RECOVERY' Jeff Nielson - U.S.
equities are rallying again today, and (as usual) it is a rally with no basis
in reality. Most of the enthusiasm comes from another string of corporate
quarterly results which “beat expectations”. I had hoped that the sheep were
starting to clue-in to this silly game, however it appears there is a still a
large pack of Pavlov's Dogs out there – who respond to their propaganda cues
without a moment of actual thought. The truth is that all of the companies
“beating expectations” are still reporting steadily worse results
year-over-year – and in many cases, much worse results. Among the few
exceptions are U.S. financial corporations. However, since accounting-fraud was
legalized in the United States (see “FASB strong-armed into mark-to-fantasy accounting”),
their bottom-lines have had absolutely no connection to their business
operations… The
Real Economy Versus the Make-Believe World of the Government and Financial
Giants In the real economy, unemployment is at Depression-era
levels. Top firms' pension funds plummet Consumer bankruptcies jump 34%
Nine Of Ten Sectors Overbought This Depression is
just beginning ] CONTINUED
FRAUD WITH PROGRAMMED SUCKERS’ RALLY INTO THE CLOSE ON FAKE
NEWS/DATA/NUMBERS/SPIN, IE., YES, FORECLOSURE SALES OF USED HOMES UP, ETC.
[ Max Keiser: Prosecute the Bankster Crime Syndicate (7-29-09)
Insiders Selling at Alarming Levels …Although the level of insider selling is certainly
alarming it's important to note that the very low levels of buying are
particularly alarming. Insiders sell stock for many reasons, but they generally
only buy stock for one reason: they believe the stock is going up. Despite the
fact the media is reporting an end to the recession, a bottom in housing and a
trough in earnings we are seeing a vote of zero confidence from the people who
know these companies better than anyone else…
Causes of This Depression Yet To Be Addressed Further impoverishment is on the way. More
and more will be laid off and they’ll be no new jobs available. Savings will be
exhausted and most homes that have been financed will be under water. Some banks paid bonuses bigger than income: o This Depression is
just beginning You read that right! Only $400 billion
of that fantastic 6 month “green shoots” stock market rally came from money
market accounts. The rest ($2.3 trillion) was laundered through the banks and
other financial institutions to create the appearance of recovery and to raise
equity for underwater banks rather than forcing them into receivership (which
is where they belong) Bernanke probably knew that congress wouldn’t approve
another TARP-type bailout for dodgy mortgage-backed assets, so he settled on
this shifty plan instead. The only problem is, the banks are still broke,
business investment is at historic lows, consumers are on the ropes, the
unemployment lines are swelling, the homeless shelters are bulging, the pawn shops
are bustling, tent cities are sprouting up everywhere, and according to
MarketWatch, Corporate insiders have recently been selling their companies’
shares at a greater pace than at any time since the top of the bull market in
the fall of 2007.” Face it; the economy is in the crapper and Bernanke’s
trickery hasn’t done a lick of good. The Next Wave of Collapse is Coming Sooner than you think
Back in the Great Depression of 1929 through the 1930’s, we saw
a similar Zig-zag pattern. There was a crash in 1929, followed by a nice rally,
but then the most devastating part of the market collapse followed into the
1930’s. The
Real Economy Versus the Make-Believe World of the Government and Financial
Giants In the real economy,
unemployment is at Depression-era levels.
Top firms' pension funds plummet Consumer bankruptcies jump 34%
Nine Of Ten Sectors Overbought This Depression is
just beginning Feds Hit With Biggest Tax Revenue Drop Since
1932... The Great Depression Two Continues There is no coincident data which is
demonstrating this recession is over. Some may be at the bottom, others have a
way to go… An
Artifical Recovery [$$] Why I Went Fully Into
Cash Recession Worse Than Prior Estimates, Revisions Show Bloomberg | The first 12 months of the U.S.
recession saw the economy shrink more than twice as much as previously
estimated, reflecting even bigger declines in consumer spending and housing,
revised figures showed.
DO YOU REALIZE HOW MANY SUCKERS’ RALLY POINTS WERE ADDED BY THE FAKE NUMBERS
CONTRIBUTING TO THIS NEW COMMISSIONING BUBBLE! REVISED: ECONOMY 2X WORSE...
The government plans big revisions to historical economic
data... Developing... Regulators shut banks in
Fla., NJ, Ohio, Okla... WASHINGTON (7-31-09) (AP) -- Regulators on Friday shut down banks in Florida, New
Jersey, Ohio, Oklahoma and Illinois, boosting to 69 the number of federally
insured banks to fail this year amid the pressures of the weak economy and
mounting loan defaults. PhD
Economist: Fed has Caused Soaring Unemployment, Millions of Foreclosures,
Millions Losing Life Savings and More than $6 Trillion in Lost Output DOLLAR DROPS TO '09 LOW... Unemployment spreads distress in U.S. home loans Weak
Treasury Auctions Raise Worries About Debt Burden...
[$$] Senate
Probes Banks for Meltdown Fraud (at The Wall Street Journal Online) Even Bernanke Admits this Could be Worse than the Great
Depression Senate probes Goldman,
Deutsche: report (Reuters)
The Real Unemployment Rate Hits a 68-Year High 2009 Looking More Like 1929 Dollar Falls to
2009 Low... U.S. Markets Decline After
Weaker Than Expected Data A REALITY CHECK ON U.S. 'ECONOMIC RECOVERY' Jeff Nielson - U.S. equities are rallying
again today, and (as usual) it is a rally with no basis in reality. ] AND NOTHING REAL OR
POSITIVE AT ALL (IE., STILL NO PROSECUTIONS OF THE FRAUDS ON WALL STREET SO
JUST ANOTHER BUILT-IN COST BY CHURN-AND-EARN COMMISSIONS TO, DEFACTO TAX ON
NON-PERFORMING / DECLINING ECONOMY, DURABLE GOODS DOWN/FORECLOSURES UP,
CONFIDENCE REALISTICALLY DOWN, CORRUPT COMMERCE DEPARTMENT CHIMES IN WITH FAKE
NUMBERS, USED HOME SALES UP WITH DEFAULTS/ SHORT SALES, JOB LOSSES UP, BETTER
THAN EXPECTED MANTRA, GUIDANCE THAT DEFIES REALITY BY A LONG SHOT AS IN LAST
COMMISSIONABLE BUBBLE BUST, JOB/COST CUTS TO BONE, ETC.) ( Max Keiser: Prosecute the Bankster Crime Syndicate Max
Keiser: Goldman Sachs Are “Scum,” “Financial Terrorists” Bank profits not as impressive as they seem
when you take into account TARP funding, changed accounting rules to fudge
books, new stock issues, etc… um Cost
Of Bailout Hits A Whopping $24 Trillion Dollars Stearns Crucifies Paulson On Bailout Bait And Switch
Fiscal ruin of the Western world beckons Foreign Embassies Urged to Stockpile Local Currencies
Bailout
Overseer Says Banks Misused TARP Funds Regulators shut banks in Calif., Ga. and SD ) TO KEEP
SUCKERS SUCKERED [ (7-29-09) Insiders Selling at Alarming
Levels Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [Tarp
banks award billions in bonuses... Goldman Sachs on pace for record bonuses: report
(Reuters) Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly Max Keiser: Prosecute the Bankster Crime Syndicate Corporate
Media Spotlights Distortion of Market by High Frequency Trading [$$] Big Pay
Packages Return to Wall Street as new fraud gains steam (at The Wall Street
Journal Online) Max Keiser: Goldman Sachs
gang are ’scum’ who have co-opted U.S. gov’t Max
Keiser: Goldman Sachs Are “Scum,” “Financial Terrorists” Max Keiser goes on the offensive during an
appearance on France 24 as he slams Goldman Sachs as “scum” and “financial
terrorists” who should be thrown in jail.
‘Printing
money will lead to serious problems down the road,’ says Jim Rogers Spitzer: Federal Reserve is ‘a
Ponzi scheme, an inside job’ 2009 Looking More
Like 1929 ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... Scams
And Bailouts The Cause of World Depression (7-29-09) Insiders Selling at Alarming
Levels Causes of Depression Yet To Be Addressed Further impoverishment is on the way. More
and more will be laid off and they’ll be no new jobs available. Savings will be
exhausted and most homes that have been financed will be under water. Some banks paid bonuses bigger than income: o This Depression is
just beginning You read that right! Only $400 billion
of that fantastic 6 month “green shoots” stock market rally came from money
market accounts. The rest ($2.3 trillion) was laundered through the banks and
other financial institutions to create the appearance of recovery and to raise
equity for underwater banks rather than forcing them into receivership (which
is where they belong) Bernanke probably knew that congress wouldn’t approve
another TARP-type bailout for dodgy mortgage-backed assets, so he settled on
this shifty plan instead. The only problem is, the banks are still broke,
business investment is at historic lows, consumers are on the ropes, the
unemployment lines are swelling, the homeless shelters are bulging, the pawn
shops are bustling, tent cities are sprouting up everywhere, and according to
MarketWatch, Corporate insiders have recently been selling their companies’
shares at a greater pace than at any time since the top of the bull market in
the fall of 2007.” Face it; the economy is in the crapper and Bernanke’s
trickery hasn’t done a lick of good. The Next Wave of Collapse is Coming Sooner than you think
Back in the Great Depression of 1929 through the 1930’s, we saw
a similar Zig-zag pattern. There was a crash in 1929, followed by a nice rally,
but then the most devastating part of the market collapse followed into the
1930’s. Feds Hit With Biggest Tax Revenue Drop Since
1932... The Great Depression Two Continues There is no coincident data which is
demonstrating this recession is over. Some may be at the bottom, others have a
way to go… An
Artifical Recovery [$$] Why I Went Fully Into
Cash The
Real Economy Versus the Make-Believe World of the Government and Financial
Giants In the real economy, unemployment is at
Depression-era levels. Top firms' pension funds plummet Consumer bankruptcies jump 34%
Nine Of Ten Sectors Overbought This Depression is
just beginning Unemployment spreads distress in U.S. home loans Cities in the U.S. Sun Belt states of
California, Florida, Nevada and Arizona dominated the record foreclosure spree
in the first half of the year, but distress in other regions emerged as
joblessness spread, RealtyTrac said on Thursday. Recession
Worse Than Prior Estimates, Revisions Show Bloomberg | The
first 12 months of the U.S. recession saw the economy shrink more than twice as
much as previously estimated, reflecting even bigger declines in consumer
spending and housing, revised figures showed. Do you realize how many suckers’
rally points were added by the fake numbers contributing to this new
commissioning bubble! REVISED: ECONOMY 2X WORSE...
The government plans big revisions to historical economic
data... Developing... Regulators shut banks in
Fla., NJ, Ohio, Okla... WASHINGTON (AP) -- Regulators on Friday shut down banks in Florida, New
Jersey, Ohio, Oklahoma and Illinois, boosting to 69 the number of federally
insured banks to fail this year amid the pressures of the weak economy and
mounting loan defaults. PhD
Economist: Fed has Caused Soaring Unemployment, Millions of Foreclosures,
Millions Losing Life Savings and More than $6 Trillion in Lost Output DOLLAR DROPS TO '09 LOW... 75%
Favor Auditing The Fed Tarp banks
award billions in bonuses... The Real Unemployment Rate Hits a 68-Year High 2009 Looking More Like 1929 Dollar Falls to
2009 Low... Six Georgia banks
fail, bringing year tally to 64.... Rally may cool on earnings reality check Dollar Falls to Near 2009 Low as Economy Pares Refuge
Demand Ben
Bernanke Was Wrong Wall
Street’s Love Affair with Ben Bernanke Mike Whitney | bernanke knows that the country is in a Depression
Scams
And Bailouts The Cause of World Depression New US weekly jobless claims jump Its Official: U.S. Trapped in an Extended Depressionary
Cycle MICROSOFT Profit Drops 29% as
PC Slowdown Weighs on Revenue… they haven’t availed themselves of the fake
assets/books legislation recently passed... AMAZON.COM Profit
Drops 10%... Bernanke:
“I Don’t Know” Which Foreign Banks Were Given Half a Trillion Paul Joseph Watson Grayson grills Fed chairman on destination of credit
swaps. Fed:
unemployment will top 10 percent this year... Foreclosures (those increased home
sales that has been fueling suckers’ rally)
rise 15 percent in first half of 2009 (7-17) Three more banks
fail, bringing 2009 tally to more than double all of 2008 at a total thus far
of 57 Lower Markets on the Horizon Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly The Ultimate Insider Trading Scheme Max Keiser: Goldman Sachs
gang are ’scum’ who have co-opted U.S. gov’t Cost
Of Bailout Hits A Whopping $24 Trillion Dollars Stearns Crucifies Paulson On Bailout Bait And Switch
Fiscal ruin of the Western world beckons Foreign Embassies Urged to Stockpile Local Currencies
Bailout
Overseer Says Banks Misused TARP Funds TARP watchdog says Treasury lacking bank data Goldman Sachs
caused the problems in the first
place… Who can deny that? Budget deficit tops $1 trillion for first time
(AP) CIT Watch: Analysts Says Debt Load Isn't the
Only Problem Geithner Refuses to Rule Out
Continuing Using American Taxpayer as Piggy Bank for Derivatives Losses
WHITE
HOUSE ECON ADVISER CLAIMS SUCCESS: FEWER PEOPLE SEARCHING 'ECONOMIC DEPRESSION'
ON GOOGLE BECAUSE EXPERIENCING IT FIRST-HAND THEY ALREADY KNOW WHAT ECONOMIC
DEPRESSION IS... What
Economy? There’s Nothing Left to Recover There is no economy left to recover. The US manufacturing economy
was lost to offshoring and free trade ideology. It was replaced by a mythical
“New Economy “ ; less bad, not as bad as expected…riiiiight!, tarp money
for the commission frauds on wall street in new manufactured bubble as
actual/real manufacturing down again; consumer confidence down,
commercial loans begin default phase of downturn, 6.9 million continuing
unemployment claims for new record; retail sales down sharply A REALITY CHECK ON U.S. 'ECONOMIC
RECOVERY' Jeff Nielson - U.S. equities
are rallying again today, and (as usual) it is a rally with no basis in
reality. Economist:
FDIC gearing up for bank closures Goldman Sachs Admits Its Software Can “Manipulate Markets
in Unfair Ways and fraudulently generate commissions /trade volume” Max Keiser: Goldman Sachs gang
are ’scum’ who have co-opted U.S. gov’t You Tube | Goldman Sachs are scum– that’s the bottom line.
They have co-opted the government, the Treasury Department and the Federal
Reserve’s functionality. They’ve co-opted the Obama administration & Barack
Obama dances to Goldman Sachs’ tune. True unemployment rate already at 20% This Depression
Will Last For Years Wyoming sees
first bank failure since 1991 China
criticizes dollar AIG Preparing to Pay New
Round of Bonuses... While Talking About Keynesian Stimulus, Feds Are Really
Just Giving Money to the Big Frauds FDIC
Insurance Fund: It Doesn’t Actually Exist Replacing the dollar as reserve currency US loses 467,000 jobs, unemployment at 9.5% 'We're in the Middle of a Crash': Black Swan... Economic
Expectations – Unemployment Rate Will Reach 15% David Tice: We are going into a depression-15%
unemployment or more on horizon. U.S. consumers fall behind on loans at
record pace FBI: Mortgage
fraud 'rampant' and growing... Celente and Schiff
Predict Food Panic This Year. Watch clips HERE. Fema Camps Built. Wall Street hits 10-week low amid talk of new
stimulus (7-2)Seven more banks fail,
bringing 2009 tally to more than double all of 2008 at a total thus far of 52;
Private sector sheds another 473,000 jobs in June... US lurching towards ‘debt
explosion’ with long-term interest rates on course to double Jim Rogers Sells Dollars, Plans
to Short Treasuries ‘Sucker’s Rally Beginning To Unwind’ daaaah…? Calls grow to supplant dollar as global currency China officials
call for displacing dollar, in time Tracking Two
Depressions, 1929 and now this Mortgage applications fall to 7-month low... Private
sector sheds another 473,000 jobs in June... 'Layoffs may be worsening'... AIG shares drop
after 1-for-20 reverse-stock split (AP) Manhattan
apartment prices skid 13 to 19 percent Job
losses / job concerns realistically weigh on confidence, real estate
values/prices continue downward trend as per Case / Shiller Index (-18.1%, -21%
in california) Consumer
confidence suffers steep fall... Home prices post 18% annual
drop... Worldwide Depression: Review of Global Markets . Four banks
fail, bringing 2009 tally to 19 more than all of 2008 at a total thus far of 44 Dollar Falls Most in Month as China Urges New Reserve
Currency Gerald Celente speaks on Cap and Trade and other handicaps
to the US economy HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH
CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT ONE
PROSECUTION IN THE MOST RECENT MASSIVE
SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS
WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK
MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T),
CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH
THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD
IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE,
RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED
SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS
ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC!
… THAT MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS,
… NOT OUT OF THIN AIR! ] TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP
SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
A REALITY CHECK ON U.S. 'ECONOMIC
RECOVERY' Jeff Nielson - U.S. equities
are rallying again today, and (as usual) it is a rally with no basis in
reality. , personal
income up modest .2% and spending down, China calls for new reserve currency to
supplant worthless dollar Dollar
And Stocks Drop As China Calls For New Global Currency , continuing
unemployment claims at or near record 627,000, weekly unemployment claims up
15,000, and GDP contraction –5.5%, all worse than expected (lennar wider than
expected quarterly loss rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing words/b.s. from fed
which previously predicted no recession that economy still contracting but that
the contraction is somewhat slowing…what b**l s**t!…, analysts- buffet/economy
in shambles, Hogan/negative GDP growth and inflation owing to debasement of the
dollar as well as deficit spending/pump-priming in the trillions, joker
stein/economy a mess and continued job losses, new home sales down .6%; U.S. Home Prices Drop 6.8
Percent in April as Foreclosures Rise foreclosure sales
up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their
40th bank of the year , Next
Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9%
and big difference between not getting worse and getting better, market got
ahead of itself, stalled out, still depression/more job losses, higher oil-gas
prices / higher interest rates / heavy debt to pare down is 1-3 year drag on
economy, even if believed (I don’t) the labor dept. far better than expected
job numbers by increased debt (spending) to produce same is not economically
sound or sustainable, viz., record spending with record low revenues, rating
cuts for bank sector, analysts concur in significant 5-15% (reality says
15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down
1.1%, housing starts allegedly up but if believed will only increase the
plethora of unsold inventories, empire manufacturing index suffers unexpectedly
severe decline…daaaah!, credit dard defaults at record high, analysts concur
that fundamentals don’t support stock rally and that pac money(defacto bribes)
might derail any meaningful reform/regulation which is of concern to the frauds
on wall street who should be prosecuted, record loss of wealth, higher gas
prices, job losses, higher interest rates / yields, higher commodity prices,
higher deficits, hyperinflation, record continuing unemployment claims at 6.8
million, worthless Weimar dollar crashing,
money supply exploding with hyperinflation/higher interest rates coming,
budget deficit at new highs and trade deficit worse than expected, analyst who
called crash says inflationary depression, banks passed stress tests only with
the help of fraudulent change in accounting rules, banks still insolvent, toxic
assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end
of year, Obama/bernanke continuing failed policies of bush greenspan,
recommends getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not
Over” 6/9/2009 A REALITY CHECK ON U.S.
'ECONOMIC RECOVERY' Jeff Nielson - U.S.
equities are rallying again today, and (as usual) it is a rally with no basis
in reality. Markets See a Breakdown in
Technical Support Levels Roubini: USA sees
double-dip recession... Jobless claims rise; GDP dips in 1Q Bernanke faces GOP-led (who are they
kidding-bushies/paulsen went so far as threaten martial law- prosecute now!
They continue to allow the wall street fraud and political theater doesn’t
change their complicity) heat on BofA-Merrill deal Fed Tried to Cover-up Its
Involvement in Bank of America-Merrill Deal U.S. Economy: Jobless Claims
Rise in Sign Labor Market Stagnant Dollar
drops on reserve currency doubts China sells US
bonds to ’show concern’ BRICs May Buy
Each Other’s Bonds in Shift From Dollar China’s holding of US bonds
drops first time in 11 months Russia to Raise Reserve
Currency Issue at BRIC International
Demand for Worthless U.S. Assets Slowed in April IMF says worst not over Senator cashed out during big
stock collapse -- after meeting with Fed, Treasury chiefs! America's AAA
downgrade danger...
Treasury
faces pressure on price of TARP exit A depression so deep even
teen shoppers scrimp US cities may have to be bulldozed in order to survive 1st quarter
wiped out $1.3 trillion for Americans Get Ready for Inflation and
Higher Interest Rates Oil prices near $73 as
energy rally continues Fed Would Be Shut Down If It
Were Audited Fed says
economy weak, but sees signs the slide increasing Mounting
deficits spark jitters about U.S. economy Wall Street falls as
realities dent recovery hopes
Bonds fall on
worries about government's debt load (AP) Oil prices
strike new high for 2009 (AP) The depression quietly deepens
CHINA
AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes,
We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake government job loss report near 40%
better than private forecasts…I don’t think so!…9.4% unemployment rate…try well
over 10% and with stopped looking included over 20% , Jim
Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S.
unemployment hits record but job losses slow if you foolishly believe fake government
reports near 40% better than private estimates - I don’t think so! …now China explores
buying $50bn in IMF bonds US retailers
report May sales declines Tiny
Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector
job losses/factory orders worse than expected, new record continuing
unemployment claims, bernanke spend more money you don’t have but cut
debilitating deficit…riiiiight…sounds like a plan with more job losses to come,
etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As
the Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD
$63.8 TRILLION... The Big Collapse
Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record
decline in real estate prices, $80+ oil
coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
, world economy to shrink by worse than
previously predicted 2.9% and big difference between not getting worse and
getting better, leading
indicators up far more than expected … bull s**t …based in large part on
inflated stock price component … more bull s**t … new
reform with same old frauds say increased capital requirements and oversight of
the overseers/rating agencies (riiiiight!…same old,same old - already have but
no will to enforce existing laws, etc.), analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets Insiders Exit Shares at the
Fastest Pace in Two Years BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... The Next Bubble Is Here. Have You Bought In? Here
we go again! Barney Frank asks FANNIE and FREDDIE to relax Mortgage lending
rules... Fed Tried to Cover-up Its Involvement in Bank of America-Merrill
Deal Dollar
And Stocks Drop As China Calls For New Global Currency Citigroup
Ordered to Suspend Some Operations in Japan Bernanke
Grilling May Weaken Case for Fed as Risk Regulator Citi boosting salaries to offset lower bonuses,
allegedly to retain the clowns who helped make them taxpayer dependant and
cause the current debacle; how ‘bout firing them instead and offering
opportunity to the new, particularly non-ivy league vegetable garden grads [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. Home Prices Drop 6.8 Percent
in April as Foreclosures Rise [$$] Red Roof Inn Defaults on Mortgage Debt (at The
Wall Street Journal Online)
MySpace to cut two-thirds of global
workforce GM to cut 4,000 more white-collar jobs
by year end Oracle tops forecasts despite sales,
profit dip; stated another way, bad news will be shilled as good news (AP) California
Collapsing Bankster “Holiday” Planned for
September? Recession Sparking Global Unrest
Is Your Portfolio Ready for the Next
Leg Down? S&P turns negative for year in
broad sell-off (Reuters) Goldman Sachs on pace for record bonuses: report
(Reuters) Numbers On Welfare See Sharp
Increase Top Insiders Playing You For A
Sucker? The death of the dollar. Who
could deny it? Stanford indicted in
massive U.S. fraud case which is small potatoes compared to ubiquitously
massive wall street securities fraud which caused the ongoing financial debacle Venture
Capital Bubble Set to Burst, Kedrosky Says Obama Plans to Cut Bank
Regulators, Allow Fed to Supervise Financial Holding Companies – The old fox
guarding the henhouse tricks Federal Reserve unwisely to
gain power under plan Federal Reserve Foolishly
To
Be Given Sweeping New Powers Yen Strengthens Most in Month
as Asian Stocks Drop, Gold Gains RUSSIA
CHALLENGES WORTHLESS DOLLAR... AIG says former
top exec plundered retirement plan [video] The Too-Big-to-Fail
Problem [6.8 min] (at MarketWatch) [$$] Too Big to
Solve? (at The Wall Street Journal Online) Buy and Hold Is
Dead. Long Live Buy and Hold! Financial Bailout Plan Keeps
Zombie Banks Alive Bernanke then as now in denial
about looming crisis 2005-2007 Retail sales,
drop in jobless claims to a very high even if believed 601,000 yielding record
continuing claims of 6.8 million fuel hope…if you’re a dope Lawmakers
blast Fed, Treasury for BofA "threats" Oil climbs over $73 on
hopes for rising demand U.S. Household
Worth Fell by $1.3 Trillion in First Quarter Predictions of $250
a barrel on oil ECB Fears Reality
of Banking Crisis in 2010: Report Get Ready for Inflation and
Higher Interest Rates Bill To Audit Federal Reserve
Now Has 209 Co-Sponsors Russia May Swap Some U.S.
Treasuries for IMF Debt Fed report shows losses on Bear Stearns, AIG holdings Congress subpoenas the Fed ... Finally!
(AP) Brazil in recession, recovery unlikely this year What a “Jobless Recovery”
Really Means: A Massive Redistribution of Wealth from the Little Guy to the Big
Boys Obama
Tells American Businesses to Drop Dead America’s Fed Addiction “87
Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are Unsafe” Fed Said to
Retreat From Seeking Power to Sell Its Own Debt/Bills WIRE:
Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory
Loss
Obama’s economic model versus
reality Reality
bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government
reports better than private estimates…riiiiight! President
of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now Benefit spending
soars to new high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC:
OIL COULD REACH $90... ----- Existing home
foreclosure sales up, and no profit discount car sales better than
expected Diluting like crazy through new stock
bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
(8-3-09)
Dow
9,286 +114
To stamp out
fraud, no change from suckers’ rally worth reporting for second, third, fourth
weeks of March and April -436 for
the first week of March -12% for the month of
February -8.8%
(-775) for the month of January -1% for
fourth week of January -2.5% for third week of
January -4% for second week of January -5% for
first full week of January -34% for the year
-1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 2,008 +29 To stamp out fraud, no change from suckers’
rally worth reporting for second, third, fourth weeks of March and April -84 for
the first week of March -7% for the month of
February -6.4% (-101) for the month of
January -1% for fourth week of January
-3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P
500 1,003 +15 To stamp out fraud, no change from
suckers’ rally worth reporting for second,
third, fourth weeks
of March and
April -52 for the first week of March -11%
for the month of February -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $71.58
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.56 (reg. gas in LAND
OF FRUITS AND NUTS $2.88REG./ $3.05 MID-GRADE/
$3.11PREM./ $2.86 DIESEL)/ GOLD $956.60
[video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER
$14.25 PLATINUM $1,238 / DOLLAR= .69
EURO, 93 YEN, .59 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE
YIELD 3.63% …..…
AP Business Highlights
… ...Yahoo Market
Update... ] YAHOO - BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Must Read
Economic/Financial Data This Depression is
just beginning The Next Wave of Collapse is Coming Sooner than you think
ABSOLUTELY,
ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN IN THIS UNIQUELY
PREPOSTEROUS AND FRAUDULENT ENVIRONMENT! [
This Depression is
just beginning The Next Wave of Collapse is Coming Sooner than you think
Back in the Great Depression of 1929 through the 1930’s, we saw
a similar Zig-zag pattern. There was a crash in 1929, followed by a nice rally,
but then the most devastating part of the market collapse followed into the 1930’s. Feds Hit With Biggest Tax Revenue Drop Since
1932... The Great Depression Two Continues There is no coincident data which is
demonstrating this recession is over. Some may be at the bottom, others have a
way to go… An Artifical
Recovery [$$] Why I Went Fully Into
Cash A REALITY CHECK ON U.S.
'ECONOMIC RECOVERY' Jeff Nielson - U.S.
equities are rallying again today, and (as usual) it is a rally with no basis
in reality. Most of the enthusiasm comes from another string of corporate
quarterly results which “beat expectations”. I had hoped that the sheep were
starting to clue-in to this silly game, however it appears there is a still a
large pack of Pavlov's Dogs out there – who respond to their propaganda cues
without a moment of actual thought. The truth is that all of the companies
“beating expectations” are still reporting steadily worse results
year-over-year – and in many cases, much worse results. Among the few
exceptions are U.S. financial corporations. However, since accounting-fraud was
legalized in the United States (see “FASB strong-armed into mark-to-fantasy accounting”),
their bottom-lines have had absolutely no connection to their business
operations… ] CONTINUED FRAUD WITH PROGRAMMED SUCKERS’ RALLY ON FAKE
NEWS [ Max Keiser: Prosecute the Bankster Crime Syndicate (7-29-09)
Insiders Selling at Alarming Levels …Although the level of insider selling is certainly
alarming it's important to note that the very low levels of buying are
particularly alarming. Insiders sell stock for many reasons, but they generally
only buy stock for one reason: they believe the stock is going up. Despite the
fact the media is reporting an end to the recession, a bottom in housing and a
trough in earnings we are seeing a vote of zero confidence from the people who
know these companies better than anyone else…
Causes of This Depression Yet To Be Addressed Further impoverishment is on the way. More
and more will be laid off and they’ll be no new jobs available. Savings will be
exhausted and most homes that have been financed will be under water. Some banks paid bonuses bigger than income: o This Depression is
just beginning You read that right! Only $400 billion
of that fantastic 6 month “green shoots” stock market rally came from money
market accounts. The rest ($2.3 trillion) was laundered through the banks and
other financial institutions to create the appearance of recovery and to raise
equity for underwater banks rather than forcing them into receivership (which
is where they belong) Bernanke probably knew that congress wouldn’t approve
another TARP-type bailout for dodgy mortgage-backed assets, so he settled on
this shifty plan instead. The only problem is, the banks are still broke,
business investment is at historic lows, consumers are on the ropes, the
unemployment lines are swelling, the homeless shelters are bulging, the pawn
shops are bustling, tent cities are sprouting up everywhere, and according to
MarketWatch, Corporate insiders have recently been selling their companies’
shares at a greater pace than at any time since the top of the bull market in
the fall of 2007.” Face it; the economy is in the crapper and Bernanke’s
trickery hasn’t done a lick of good. The Next Wave of Collapse is Coming Sooner than you think
Back in the Great Depression of 1929 through the 1930’s, we saw
a similar Zig-zag pattern. There was a crash in 1929, followed by a nice rally,
but then the most devastating part of the market collapse followed into the
1930’s. Feds Hit With Biggest Tax Revenue Drop Since
1932... The Great Depression Two Continues There is no coincident data which is
demonstrating this recession is over. Some may be at the bottom, others have a
way to go… An
Artifical Recovery [$$] Why I Went Fully Into
Cash Recession Worse Than Prior Estimates, Revisions Show Bloomberg | The first 12 months of the U.S.
recession saw the economy shrink more than twice as much as previously
estimated, reflecting even bigger declines in consumer spending and housing,
revised figures showed.
DO YOU REALIZE HOW MANY SUCKERS’ RALLY POINTS WERE ADDED BY THE FAKE NUMBERS
CONTRIBUTING TO THIS NEW COMMISSIONING BUBBLE! REVISED: ECONOMY 2X WORSE...
The government plans big revisions to historical economic
data... Developing... Regulators shut banks in
Fla., NJ, Ohio, Okla... WASHINGTON (7-31-09) (AP) -- Regulators on Friday shut down banks in Florida, New
Jersey, Ohio, Oklahoma and Illinois, boosting to 69 the number of federally
insured banks to fail this year amid the pressures of the weak economy and
mounting loan defaults. PhD
Economist: Fed has Caused Soaring Unemployment, Millions of Foreclosures,
Millions Losing Life Savings and More than $6 Trillion in Lost Output DOLLAR DROPS TO '09 LOW... Unemployment spreads distress in U.S. home loans Weak
Treasury Auctions Raise Worries About Debt Burden...
[$$] Senate
Probes Banks for Meltdown Fraud (at The Wall Street Journal Online) Even Bernanke Admits this Could be Worse than the Great
Depression Senate probes Goldman,
Deutsche: report (Reuters)
The Real Unemployment Rate Hits a 68-Year High 2009 Looking More Like 1929 Dollar Falls to
2009 Low... U.S. Markets Decline After
Weaker Than Expected Data A REALITY CHECK ON U.S. 'ECONOMIC RECOVERY' Jeff Nielson - U.S. equities are rallying
again today, and (as usual) it is a rally with no basis in reality. ] AND NOTHING REAL OR
POSITIVE AT ALL (IE., STILL NO PROSECUTIONS OF THE FRAUDS ON WALL STREET SO
JUST ANOTHER BUILT-IN COST BY CHURN-AND-EARN COMMISSIONS TO, DEFACTO TAX ON
NON-PERFORMING / DECLINING ECONOMY, DURABLE GOODS DOWN/FORECLOSURES UP,
CONFIDENCE REALISTICALLY DOWN, CORRUPT COMMERCE DEPARTMENT CHIMES IN WITH FAKE
NUMBERS, USED HOME SALES UP WITH DEFAULTS/ SHORT SALES, JOB LOSSES UP, BETTER
THAN EXPECTED MANTRA, GUIDANCE THAT DEFIES REALITY BY A LONG SHOT AS IN LAST
COMMISSIONABLE BUBBLE BUST, JOB/COST CUTS TO BONE, ETC.) ( Max Keiser: Prosecute the Bankster Crime Syndicate Max
Keiser: Goldman Sachs Are “Scum,” “Financial Terrorists” Bank profits not as impressive as they seem
when you take into account TARP funding, changed accounting rules to fudge
books, new stock issues, etc… um Cost
Of Bailout Hits A Whopping $24 Trillion Dollars Stearns Crucifies Paulson On Bailout Bait And Switch
Fiscal ruin of the Western world beckons Foreign Embassies Urged to Stockpile Local Currencies
Bailout
Overseer Says Banks Misused TARP Funds Regulators shut banks in Calif., Ga. and SD ) TO KEEP
SUCKERS SUCKERED [ (7-29-09) Insiders Selling at Alarming
Levels Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [Tarp
banks award billions in bonuses... Goldman Sachs on pace for record bonuses: report
(Reuters) Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly Max Keiser: Prosecute the Bankster Crime Syndicate Corporate
Media Spotlights Distortion of Market by High Frequency Trading [$$] Big Pay
Packages Return to Wall Street as new fraud gains steam (at The Wall Street
Journal Online) Max Keiser: Goldman Sachs
gang are ’scum’ who have co-opted U.S. gov’t Max
Keiser: Goldman Sachs Are “Scum,” “Financial Terrorists” Max Keiser goes on the offensive during an
appearance on France 24 as he slams Goldman Sachs as “scum” and “financial
terrorists” who should be thrown in jail.
‘Printing
money will lead to serious problems down the road,’ says Jim Rogers Spitzer: Federal Reserve is ‘a
Ponzi scheme, an inside job’ 2009 Looking More
Like 1929 ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... Scams
And Bailouts The Cause of World Depression (7-29-09) Insiders Selling at Alarming
Levels Causes of Depression Yet To Be Addressed Further impoverishment is on the way. More
and more will be laid off and they’ll be no new jobs available. Savings will be
exhausted and most homes that have been financed will be under water. Some banks paid bonuses bigger than income: o This Depression is
just beginning You read that right! Only $400 billion
of that fantastic 6 month “green shoots” stock market rally came from money
market accounts. The rest ($2.3 trillion) was laundered through the banks and
other financial institutions to create the appearance of recovery and to raise
equity for underwater banks rather than forcing them into receivership (which
is where they belong) Bernanke probably knew that congress wouldn’t approve
another TARP-type bailout for dodgy mortgage-backed assets, so he settled on
this shifty plan instead. The only problem is, the banks are still broke,
business investment is at historic lows, consumers are on the ropes, the
unemployment lines are swelling, the homeless shelters are bulging, the pawn
shops are bustling, tent cities are sprouting up everywhere, and according to
MarketWatch, Corporate insiders have recently been selling their companies’
shares at a greater pace than at any time since the top of the bull market in
the fall of 2007.” Face it; the economy is in the crapper and Bernanke’s trickery
hasn’t done a lick of good. The Next Wave of Collapse is Coming Sooner than you think
Back in the Great Depression of 1929 through the 1930’s, we saw
a similar Zig-zag pattern. There was a crash in 1929, followed by a nice rally,
but then the most devastating part of the market collapse followed into the
1930’s. Feds Hit With Biggest Tax Revenue Drop Since
1932... The Great Depression Two Continues There is no coincident data which is
demonstrating this recession is over. Some may be at the bottom, others have a
way to go… An
Artifical Recovery [$$] Why I Went Fully Into
Cash Unemployment spreads distress in U.S. home loans Cities in the U.S. Sun Belt states of
California, Florida, Nevada and Arizona dominated the record foreclosure spree
in the first half of the year, but distress in other regions emerged as
joblessness spread, RealtyTrac said on Thursday. Recession
Worse Than Prior Estimates, Revisions Show Bloomberg | The first
12 months of the U.S. recession saw the economy shrink more than twice as much
as previously estimated, reflecting even bigger declines in consumer spending
and housing, revised figures showed. Do you realize how many suckers’ rally
points were added by the fake numbers contributing to this new commissioning
bubble! REVISED: ECONOMY 2X WORSE...
The government plans big revisions to historical economic
data... Developing... Regulators shut banks in
Fla., NJ, Ohio, Okla... WASHINGTON (AP) -- Regulators on Friday shut down banks in Florida, New
Jersey, Ohio, Oklahoma and Illinois, boosting to 69 the number of federally
insured banks to fail this year amid the pressures of the weak economy and
mounting loan defaults. PhD
Economist: Fed has Caused Soaring Unemployment, Millions of Foreclosures,
Millions Losing Life Savings and More than $6 Trillion in Lost Output DOLLAR DROPS TO '09 LOW... 75%
Favor Auditing The Fed Tarp banks
award billions in bonuses... The Real Unemployment Rate Hits a 68-Year High 2009 Looking More Like 1929 Dollar Falls to
2009 Low... Six Georgia banks
fail, bringing year tally to 64.... Rally may cool on earnings reality check Dollar Falls to Near 2009 Low as Economy Pares Refuge
Demand Ben
Bernanke Was Wrong Wall
Street’s Love Affair with Ben Bernanke Mike Whitney | bernanke knows that the country is in a Depression
Scams
And Bailouts The Cause of World Depression New US weekly jobless claims jump Its Official: U.S. Trapped in an Extended Depressionary
Cycle MICROSOFT Profit Drops 29% as
PC Slowdown Weighs on Revenue… they haven’t availed themselves of the fake
assets/books legislation recently passed... AMAZON.COM Profit
Drops 10%... Bernanke:
“I Don’t Know” Which Foreign Banks Were Given Half a Trillion Paul Joseph Watson Grayson grills Fed chairman on destination of credit
swaps. Fed:
unemployment will top 10 percent this year... Foreclosures (those increased home
sales that has been fueling suckers’ rally)
rise 15 percent in first half of 2009 (7-17) Three more banks
fail, bringing 2009 tally to more than double all of 2008 at a total thus far
of 57 Lower Markets on the Horizon Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly The Ultimate Insider Trading Scheme Max Keiser: Goldman Sachs
gang are ’scum’ who have co-opted U.S. gov’t Cost
Of Bailout Hits A Whopping $24 Trillion Dollars Stearns Crucifies Paulson On Bailout Bait And Switch
Fiscal ruin of the Western world beckons Foreign Embassies Urged to Stockpile Local Currencies
Bailout
Overseer Says Banks Misused TARP Funds TARP watchdog says Treasury lacking bank data Goldman Sachs
caused the problems in the first
place… Who can deny that? Budget deficit tops $1 trillion for first time
(AP) CIT Watch: Analysts Says Debt Load Isn't the
Only Problem Geithner Refuses to Rule Out
Continuing Using American Taxpayer as Piggy Bank for Derivatives Losses
WHITE
HOUSE ECON ADVISER CLAIMS SUCCESS: FEWER PEOPLE SEARCHING 'ECONOMIC DEPRESSION'
ON GOOGLE BECAUSE EXPERIENCING IT FIRST-HAND THEY ALREADY KNOW WHAT ECONOMIC
DEPRESSION IS... What
Economy? There’s Nothing Left to Recover There is no economy left to recover. The US manufacturing economy
was lost to offshoring and free trade ideology. It was replaced by a mythical
“New Economy “ ; less bad, not as bad as expected…riiiiight!, tarp money
for the commission frauds on wall street in new manufactured bubble as
actual/real manufacturing down again; consumer confidence down,
commercial loans begin default phase of downturn, 6.9 million continuing
unemployment claims for new record; retail sales down sharply A REALITY CHECK ON U.S. 'ECONOMIC
RECOVERY' Jeff Nielson - U.S. equities
are rallying again today, and (as usual) it is a rally with no basis in
reality. Economist:
FDIC gearing up for bank closures Goldman Sachs Admits Its Software Can “Manipulate Markets
in Unfair Ways and fraudulently generate commissions /trade volume” Max Keiser: Goldman Sachs gang
are ’scum’ who have co-opted U.S. gov’t You Tube | Goldman Sachs are scum– that’s the bottom line.
They have co-opted the government, the Treasury Department and the Federal
Reserve’s functionality. They’ve co-opted the Obama administration & Barack
Obama dances to Goldman Sachs’ tune. True unemployment rate already at 20% This Depression
Will Last For Years Wyoming sees
first bank failure since 1991 China
criticizes dollar AIG Preparing to Pay New
Round of Bonuses... While Talking About Keynesian Stimulus, Feds Are Really
Just Giving Money to the Big Frauds
FDIC
Insurance Fund: It Doesn’t Actually Exist Replacing the dollar as reserve currency US loses 467,000 jobs, unemployment at 9.5% 'We're in the Middle of a Crash': Black Swan... Economic
Expectations – Unemployment Rate Will Reach 15% David Tice: We are going into a depression-15%
unemployment or more on horizon. U.S. consumers fall behind on loans at
record pace FBI: Mortgage
fraud 'rampant' and growing... Celente and Schiff
Predict Food Panic This Year. Watch clips HERE. Fema Camps Built. Wall Street hits 10-week low amid talk of new
stimulus (7-2)Seven more banks fail,
bringing 2009 tally to more than double all of 2008 at a total thus far of 52;
Private sector sheds another 473,000 jobs in June... US lurching towards ‘debt
explosion’ with long-term interest rates on course to double Jim Rogers Sells Dollars, Plans
to Short Treasuries ‘Sucker’s Rally Beginning To Unwind’ daaaah…? Calls grow to supplant dollar as global currency China officials
call for displacing dollar, in time Tracking Two
Depressions, 1929 and now this Mortgage applications fall to 7-month low... Private
sector sheds another 473,000 jobs in June... 'Layoffs may be worsening'... AIG shares drop
after 1-for-20 reverse-stock split (AP) Manhattan
apartment prices skid 13 to 19 percent Job
losses / job concerns realistically weigh on confidence, real estate
values/prices continue downward trend as per Case / Shiller Index (-18.1%, -21%
in california) Consumer
confidence suffers steep fall... Home prices post 18% annual
drop... Worldwide Depression: Review of Global Markets . Four banks
fail, bringing 2009 tally to 19 more than all of 2008 at a total thus far of 44 Dollar Falls Most in Month as China Urges New Reserve Currency Gerald Celente speaks on Cap and Trade and other handicaps
to the US economy HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH
CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT ONE
PROSECUTION IN THE MOST RECENT MASSIVE
SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS
WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK
MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T),
CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH
THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD
IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE,
RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED SECURITIES
/PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS ARE GETTING
LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC! … THAT
MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS, … NOT
OUT OF THIN AIR! ] TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP SUCKERS
SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
A REALITY CHECK ON U.S. 'ECONOMIC
RECOVERY' Jeff Nielson - U.S. equities
are rallying again today, and (as usual) it is a rally with no basis in reality.
, personal
income up modest .2% and spending down, China calls for new reserve currency to
supplant worthless dollar Dollar
And Stocks Drop As China Calls For New Global Currency , continuing
unemployment claims at or near record 627,000, weekly unemployment claims up
15,000, and GDP contraction –5.5%, all worse than expected (lennar wider than
expected quarterly loss rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing words/b.s. from fed which previously
predicted no recession that economy still contracting but that the contraction
is somewhat slowing…what b**l s**t!…, analysts- buffet/economy in shambles,
Hogan/negative GDP growth and inflation owing to debasement of the dollar as
well as deficit spending/pump-priming in the trillions, joker stein/economy a
mess and continued job losses, new home sales down .6%; U.S. Home Prices Drop 6.8
Percent in April as Foreclosures Rise foreclosure sales
up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their
40th bank of the year , Next
Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9%
and big difference between not getting worse and getting better, market got
ahead of itself, stalled out, still depression/more job losses, higher oil-gas
prices / higher interest rates / heavy debt to pare down is 1-3 year drag on
economy, even if believed (I don’t) the labor dept. far better than expected
job numbers by increased debt (spending) to produce same is not economically
sound or sustainable, viz., record spending with record low revenues, rating
cuts for bank sector, analysts concur in significant 5-15% (reality says
15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down
1.1%, housing starts allegedly up but if believed will only increase the
plethora of unsold inventories, empire manufacturing index suffers unexpectedly
severe decline…daaaah!, credit dard defaults at record high, analysts concur
that fundamentals don’t support stock rally and that pac money(defacto bribes)
might derail any meaningful reform/regulation which is of concern to the frauds
on wall street who should be prosecuted, record loss of wealth, higher gas
prices, job losses, higher interest rates / yields, higher commodity prices,
higher deficits, hyperinflation, record continuing unemployment claims at 6.8
million, worthless Weimar dollar crashing,
money supply exploding with hyperinflation/higher interest rates coming,
budget deficit at new highs and trade deficit worse than expected, analyst who
called crash says inflationary depression, banks passed stress tests only with
the help of fraudulent change in accounting rules, banks still insolvent, toxic
assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end
of year, Obama/bernanke continuing failed policies of bush greenspan,
recommends getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not
Over” 6/9/2009 A REALITY CHECK ON U.S.
'ECONOMIC RECOVERY' Jeff Nielson - U.S.
equities are rallying again today, and (as usual) it is a rally with no basis
in reality. Markets See a Breakdown in
Technical Support Levels Roubini: USA sees
double-dip recession... Jobless claims rise; GDP dips in 1Q Bernanke faces GOP-led (who are they
kidding-bushies/paulsen went so far as threaten martial law- prosecute now!
They continue to allow the wall street fraud and political theater doesn’t
change their complicity) heat on BofA-Merrill deal Fed Tried to Cover-up Its
Involvement in Bank of America-Merrill Deal U.S. Economy: Jobless Claims
Rise in Sign Labor Market Stagnant Dollar
drops on reserve currency doubts China sells US
bonds to ’show concern’ BRICs May Buy
Each Other’s Bonds in Shift From Dollar China’s holding of US bonds
drops first time in 11 months Russia to Raise Reserve
Currency Issue at BRIC International
Demand for Worthless U.S. Assets Slowed in April IMF says worst not over Senator cashed out during big
stock collapse -- after meeting with Fed, Treasury chiefs! America's AAA
downgrade danger...
Treasury
faces pressure on price of TARP exit A depression so deep even
teen shoppers scrimp US cities may have to be bulldozed in order to survive 1st quarter
wiped out $1.3 trillion for Americans Get Ready for Inflation and
Higher Interest Rates Oil prices near $73 as
energy rally continues Fed Would Be Shut Down If It
Were Audited Fed says
economy weak, but sees signs the slide increasing Mounting
deficits spark jitters about U.S. economy Wall Street falls as realities
dent recovery hopes Bonds fall on
worries about government's debt load (AP) Oil prices
strike new high for 2009 (AP) The depression quietly deepens
CHINA
AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes,
We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake government job loss report near 40%
better than private forecasts…I don’t think so!…9.4% unemployment rate…try well
over 10% and with stopped looking included over 20% , Jim
Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now China explores
buying $50bn in IMF bonds US retailers
report May sales declines Tiny
Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector
job losses/factory orders worse than expected, new record continuing
unemployment claims, bernanke spend more money you don’t have but cut
debilitating deficit…riiiiight…sounds like a plan with more job losses to come,
etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As
the Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD
$63.8 TRILLION... The Big Collapse
Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record
decline in real estate prices, $80+ oil
coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
, world economy to shrink by worse than
previously predicted 2.9% and big difference between not getting worse and
getting better, leading
indicators up far more than expected … bull s**t …based in large part on
inflated stock price component … more bull s**t … new
reform with same old frauds say increased capital requirements and oversight of
the overseers/rating agencies (riiiiight!…same old,same old - already have but
no will to enforce existing laws, etc.), analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets Insiders Exit Shares at the
Fastest Pace in Two Years BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... The Next Bubble Is Here. Have You Bought In? Here
we go again! Barney Frank asks FANNIE and FREDDIE to relax Mortgage lending
rules... Fed Tried to Cover-up Its Involvement in Bank of America-Merrill
Deal Dollar
And Stocks Drop As China Calls For New Global Currency Citigroup
Ordered to Suspend Some Operations in Japan Bernanke
Grilling May Weaken Case for Fed as Risk Regulator Citi boosting salaries to offset lower bonuses,
allegedly to retain the clowns who helped make them taxpayer dependant and
cause the current debacle; how ‘bout firing them instead and offering
opportunity to the new, particularly non-ivy league vegetable garden grads [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. Home Prices Drop 6.8 Percent
in April as Foreclosures Rise [$$] Red Roof Inn Defaults on Mortgage Debt (at The
Wall Street Journal Online)
MySpace to cut two-thirds of global
workforce GM to cut 4,000 more white-collar jobs
by year end Oracle tops forecasts despite sales,
profit dip; stated another way, bad news will be shilled as good news (AP) California
Collapsing Bankster “Holiday” Planned for
September? Recession Sparking Global Unrest
Is Your Portfolio Ready for the Next
Leg Down? S&P turns negative for year in
broad sell-off (Reuters) Goldman Sachs on pace for record bonuses: report
(Reuters) Numbers On Welfare See Sharp
Increase Top Insiders Playing You For A
Sucker? The death of the dollar. Who
could deny it? Stanford indicted in
massive U.S. fraud case which is small potatoes compared to ubiquitously massive
wall street securities fraud which caused the ongoing financial debacle Venture
Capital Bubble Set to Burst, Kedrosky Says Obama Plans to Cut Bank
Regulators, Allow Fed to Supervise Financial Holding Companies – The old fox
guarding the henhouse tricks Federal Reserve unwisely to
gain power under plan Federal Reserve Foolishly
To
Be Given Sweeping New Powers Yen Strengthens Most in Month
as Asian Stocks Drop, Gold Gains RUSSIA
CHALLENGES WORTHLESS DOLLAR... AIG says former
top exec plundered retirement plan [video] The Too-Big-to-Fail
Problem [6.8 min] (at MarketWatch) [$$] Too Big to
Solve? (at The Wall Street Journal Online) Buy and Hold Is
Dead. Long Live Buy and Hold! Financial Bailout Plan Keeps
Zombie Banks Alive Bernanke then as now in denial
about looming crisis 2005-2007 Retail sales,
drop in jobless claims to a very high even if believed 601,000 yielding record
continuing claims of 6.8 million fuel hope…if you’re a dope Lawmakers
blast Fed, Treasury for BofA "threats" Oil climbs over $73 on
hopes for rising demand U.S. Household
Worth Fell by $1.3 Trillion in First Quarter Predictions of $250
a barrel on oil ECB Fears Reality
of Banking Crisis in 2010: Report Get Ready for Inflation and
Higher Interest Rates Bill To Audit Federal Reserve
Now Has 209 Co-Sponsors Russia May Swap Some U.S.
Treasuries for IMF Debt Fed report shows losses on Bear Stearns, AIG holdings Congress subpoenas the Fed ... Finally!
(AP) Brazil in recession, recovery unlikely this year What a “Jobless Recovery”
Really Means: A Massive Redistribution of Wealth from the Little Guy to the Big
Boys Obama
Tells American Businesses to Drop Dead America’s Fed Addiction “87
Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are Unsafe” Fed Said to
Retreat From Seeking Power to Sell Its Own Debt/Bills WIRE:
Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory
Loss
Obama’s economic model versus
reality Reality
bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government
reports better than private estimates…riiiiight! President
of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now Benefit spending
soars to new high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC:
OIL COULD REACH $90... ----- Existing home
foreclosure sales up, and no profit discount car sales better than expected Diluting like crazy through new stock
bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
(7-31-09)
Dow
9,172 +17 To stamp out fraud, no change from
suckers’ rally worth reporting for second, third, fourth weeks of March and
April -436 for the first week of
March -12% for the month of February -8.8% (-775) for the
month of January -1% for fourth week of
January -2.5% for third week of January -4% for second week of January -5% for first full week of
January -34% for the year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,979 -6 To stamp out fraud, no change from
suckers’ rally worth reporting for second, third, fourth weeks of March and April -84 for
the first week of March -7% for the month of
February -6.4% (-101) for the month of
January -1% for fourth week of January
-3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P
500 987 +0 To stamp out fraud, no change from suckers’ rally worth
reporting for second, third, fourth weeks of March and April -52 for
the first week of March -11% for the month of
February -8.6%
(-75) for the month of January -1% for
fourth week of January -2.3% for third week of
January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $69.45
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.56 (reg. gas in LAND
OF FRUITS AND NUTS $2.88REG./ $3.05
MID-GRADE/ $3.11PREM./ $2.86 DIESEL)/
GOLD $953.65 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $13.93
PLATINUM $1,207 / DOLLAR= .70 EURO, 93 YEN, .59 POUND STERLING, ETC. (How low
can you go - LOWER)/ 10 YR NOTE YIELD 3.51% …..… AP Business Highlights … ...Yahoo Market Update... ] YAHOO
- BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Must Read
Economic/Financial Data ABSOLUTELY, ABSURDLY,
RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN IN THIS UNIQUELY PREPOSTEROUS AND
FRAUDULENT ENVIRONMENT! [ A REALITY CHECK ON U.S.
'ECONOMIC RECOVERY' Jeff Nielson - U.S.
equities are rallying again today, and (as usual) it is a rally with no basis in
reality. Most of the enthusiasm comes from another string of corporate
quarterly results which “beat expectations”. I had hoped that the sheep were
starting to clue-in to this silly game, however it appears there is a still a
large pack of Pavlov's Dogs out there – who respond to their propaganda cues
without a moment of actual thought. The truth is that all of the companies
“beating expectations” are still reporting steadily worse results
year-over-year – and in many cases, much worse results. Among the few
exceptions are U.S. financial corporations. However, since accounting-fraud was
legalized in the United States (see “FASB strong-armed into mark-to-fantasy accounting”),
their bottom-lines have had absolutely no connection to their business
operations… ] CONTINUED FRAUD WITH PROGRAMMED SUCKERS’ RALLY 1,000%
TO THE UPSIDE OFF LOWS ON VERY BAD NEWS [
Max Keiser: Prosecute the Bankster Crime Syndicate (7-29-09)
Insiders Selling at Alarming Levels …Although the level of insider selling is certainly
alarming it's important to note that the very low levels of buying are
particularly alarming. Insiders sell stock for many reasons, but they generally
only buy stock for one reason: they believe the stock is going up. Despite the
fact the media is reporting an end to the recession, a bottom in housing and a
trough in earnings we are seeing a vote of zero confidence from the people who
know these companies better than anyone else…
Causes of This Depression Yet To Be Addressed Further impoverishment is on the way. More
and more will be laid off and they’ll be no new jobs available. Savings will be
exhausted and most homes that have been financed will be under water. Some banks paid bonuses bigger than income: o Recession Worse Than Prior Estimates, Revisions Show Bloomberg | The first 12 months of the U.S.
recession saw the economy shrink more than twice as much as previously
estimated, reflecting even bigger declines in consumer spending and housing,
revised figures showed.
DO YOU REALIZE HOW MANY SUCKERS’ RALLY POINTS WERE ADDED BY THE FAKE NUMBERS
CONTRIBUTING TO THIS NEW COMMISSIONING BUBBLE! REVISED: ECONOMY 2X WORSE...
The government plans big revisions to historical economic
data... Developing... Regulators shut banks in
Fla., NJ, Ohio, Okla... WASHINGTON (7-31-09) (AP) -- Regulators on Friday shut down banks in Florida, New
Jersey, Ohio, Oklahoma and Illinois, boosting to 69 the number of federally
insured banks to fail this year amid the pressures of the weak economy and
mounting loan defaults. PhD
Economist: Fed has Caused Soaring Unemployment, Millions of Foreclosures,
Millions Losing Life Savings and More than $6 Trillion in Lost Output DOLLAR DROPS TO '09 LOW... Unemployment spreads distress in U.S. home loans Weak
Treasury Auctions Raise Worries About Debt Burden...
[$$] Senate
Probes Banks for Meltdown Fraud (at The Wall Street Journal Online) Even Bernanke Admits this Could be Worse than the Great
Depression Senate probes Goldman,
Deutsche: report (Reuters)
The Real Unemployment Rate Hits a 68-Year High 2009 Looking More Like 1929 Dollar Falls to
2009 Low... U.S. Markets Decline After
Weaker Than Expected Data A REALITY CHECK ON U.S. 'ECONOMIC RECOVERY' Jeff Nielson - U.S. equities are rallying
again today, and (as usual) it is a rally with no basis in reality. ] AND NOTHING REAL OR
POSITIVE AT ALL (IE., STILL NO PROSECUTIONS OF THE FRAUDS ON WALL STREET SO
JUST ANOTHER BUILT-IN COST BY CHURN-AND-EARN COMMISSIONS TO, DEFACTO TAX ON
NON-PERFORMING / DECLINING ECONOMY, DURABLE GOODS DOWN/FORECLOSURES UP,
CONFIDENCE REALISTICALLY DOWN, CORRUPT COMMERCE DEPARTMENT CHIMES IN WITH FAKE
NUMBERS, USED HOME SALES UP WITH DEFAULTS/ SHORT SALES, JOB LOSSES UP, BETTER
THAN EXPECTED MANTRA, GUIDANCE THAT DEFIES REALITY BY A LONG SHOT AS IN LAST
COMMISSIONABLE BUBBLE BUST, JOB/COST CUTS TO BONE, ETC.) ( Max Keiser: Prosecute the Bankster Crime Syndicate Max
Keiser: Goldman Sachs Are “Scum,” “Financial Terrorists” Bank profits not as impressive as they seem
when you take into account TARP funding, changed accounting rules to fudge
books, new stock issues, etc… um Cost
Of Bailout Hits A Whopping $24 Trillion Dollars Stearns Crucifies Paulson On Bailout Bait And Switch
Fiscal ruin of the Western world beckons Foreign Embassies Urged to Stockpile Local Currencies
Bailout
Overseer Says Banks Misused TARP Funds Regulators shut banks in Calif., Ga. and SD ) TO KEEP SUCKERS
SUCKERED [ (7-29-09) Insiders Selling at Alarming
Levels Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [Tarp
banks award billions in bonuses... Goldman Sachs on pace for record bonuses: report
(Reuters) Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly Max Keiser: Prosecute the Bankster Crime Syndicate Corporate
Media Spotlights Distortion of Market by High Frequency Trading [$$] Big Pay
Packages Return to Wall Street as new fraud gains steam (at The Wall Street
Journal Online) Max Keiser: Goldman Sachs
gang are ’scum’ who have co-opted U.S. gov’t Max
Keiser: Goldman Sachs Are “Scum,” “Financial Terrorists” Max Keiser goes on the offensive during an
appearance on France 24 as he slams Goldman Sachs as “scum” and “financial
terrorists” who should be thrown in jail.
‘Printing
money will lead to serious problems down the road,’ says Jim Rogers Spitzer: Federal Reserve is ‘a
Ponzi scheme, an inside job’ 2009 Looking More
Like 1929 ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... Scams
And Bailouts The Cause of World Depression (7-29-09) Insiders Selling at Alarming
Levels Causes of Depression Yet To Be Addressed Further impoverishment is on the way. More
and more will be laid off and they’ll be no new jobs available. Savings will be
exhausted and most homes that have been financed will be under water. Some banks paid bonuses bigger than income: o Unemployment spreads distress in U.S. home loans Cities in the U.S. Sun Belt states of
California, Florida, Nevada and Arizona dominated the record foreclosure spree
in the first half of the year, but distress in other regions emerged as
joblessness spread, RealtyTrac said on Thursday. Recession
Worse Than Prior Estimates, Revisions Show Bloomberg | The
first 12 months of the U.S. recession saw the economy shrink more than twice as
much as previously estimated, reflecting even bigger declines in consumer
spending and housing, revised figures showed. Do you realize how many suckers’
rally points were added by the fake numbers contributing to this new
commissioning bubble! REVISED: ECONOMY 2X WORSE...
The government plans big revisions to historical economic
data... Developing... Regulators shut banks in
Fla., NJ, Ohio, Okla... WASHINGTON (AP) -- Regulators on Friday shut down banks in Florida, New
Jersey, Ohio, Oklahoma and Illinois, boosting to 69 the number of federally
insured banks to fail this year amid the pressures of the weak economy and
mounting loan defaults. PhD
Economist: Fed has Caused Soaring Unemployment, Millions of Foreclosures,
Millions Losing Life Savings and More than $6 Trillion in Lost Output DOLLAR DROPS TO '09 LOW... 75%
Favor Auditing The Fed Tarp banks
award billions in bonuses... The Real Unemployment Rate Hits a 68-Year High 2009 Looking More Like 1929 Dollar Falls to
2009 Low... Six Georgia banks
fail, bringing year tally to 64.... Rally may cool on earnings reality check Dollar Falls to Near 2009 Low as Economy Pares Refuge
Demand Ben
Bernanke Was Wrong Wall
Street’s Love Affair with Ben Bernanke Mike Whitney | bernanke knows that the country is in a Depression
Scams
And Bailouts The Cause of World Depression New US weekly jobless claims jump Its Official: U.S. Trapped in an Extended Depressionary
Cycle MICROSOFT Profit Drops 29% as
PC Slowdown Weighs on Revenue… they haven’t availed themselves of the fake
assets/books legislation recently passed... AMAZON.COM Profit
Drops 10%... Bernanke:
“I Don’t Know” Which Foreign Banks Were Given Half a Trillion Paul Joseph Watson Grayson grills Fed chairman on destination of credit
swaps. Fed:
unemployment will top 10 percent this year... Foreclosures (those increased home
sales that has been fueling suckers’ rally)
rise 15 percent in first half of 2009 (7-17) Three more banks
fail, bringing 2009 tally to more than double all of 2008 at a total thus far
of 57 Lower Markets on the Horizon Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly The Ultimate Insider Trading Scheme Max Keiser: Goldman Sachs
gang are ’scum’ who have co-opted U.S. gov’t Cost
Of Bailout Hits A Whopping $24 Trillion Dollars Stearns Crucifies Paulson On Bailout Bait And Switch
Fiscal ruin of the Western world beckons Foreign Embassies Urged to Stockpile Local Currencies
Bailout
Overseer Says Banks Misused TARP Funds TARP watchdog says Treasury lacking bank data Goldman Sachs
caused the problems in the first
place… Who can deny that? Budget deficit tops $1 trillion for first time
(AP) CIT Watch: Analysts Says Debt Load Isn't the
Only Problem Geithner Refuses to Rule Out
Continuing Using American Taxpayer as Piggy Bank for Derivatives Losses
WHITE
HOUSE ECON ADVISER CLAIMS SUCCESS: FEWER PEOPLE SEARCHING 'ECONOMIC DEPRESSION'
ON GOOGLE BECAUSE EXPERIENCING IT FIRST-HAND THEY ALREADY KNOW WHAT ECONOMIC
DEPRESSION IS... What
Economy? There’s Nothing Left to Recover There is no economy left to recover. The US manufacturing economy
was lost to offshoring and free trade ideology. It was replaced by a mythical
“New Economy “ ; less bad, not as bad as expected…riiiiight!, tarp money
for the commission frauds on wall street in new manufactured bubble as
actual/real manufacturing down again; consumer confidence down,
commercial loans begin default phase of downturn, 6.9 million continuing
unemployment claims for new record; retail sales down sharply A REALITY CHECK ON U.S. 'ECONOMIC
RECOVERY' Jeff Nielson - U.S. equities
are rallying again today, and (as usual) it is a rally with no basis in
reality. Economist:
FDIC gearing up for bank closures Goldman Sachs Admits Its Software Can “Manipulate Markets
in Unfair Ways and fraudulently generate commissions /trade volume” Max Keiser: Goldman Sachs gang
are ’scum’ who have co-opted U.S. gov’t You Tube | Goldman Sachs are scum– that’s the bottom line.
They have co-opted the government, the Treasury Department and the Federal
Reserve’s functionality. They’ve co-opted the Obama administration & Barack
Obama dances to Goldman Sachs’ tune. True unemployment rate already at 20% This Depression
Will Last For Years Wyoming sees
first bank failure since 1991 China
criticizes dollar AIG Preparing to Pay New
Round of Bonuses... While Talking About Keynesian Stimulus, Feds Are Really
Just Giving Money to the Big Frauds
FDIC
Insurance Fund: It Doesn’t Actually Exist Replacing the dollar as reserve currency US loses 467,000 jobs, unemployment at 9.5% 'We're in the Middle of a Crash': Black Swan... Economic
Expectations – Unemployment Rate Will Reach 15% David Tice: We are going into a depression-15%
unemployment or more on horizon. U.S. consumers fall behind on loans at
record pace FBI: Mortgage
fraud 'rampant' and growing... Celente and Schiff
Predict Food Panic This Year. Watch clips HERE. Fema Camps Built. Wall Street hits 10-week low amid talk of new
stimulus (7-2)Seven more banks fail,
bringing 2009 tally to more than double all of 2008 at a total thus far of 52;
Private sector sheds another 473,000 jobs in June... US lurching towards ‘debt
explosion’ with long-term interest rates on course to double Jim Rogers Sells Dollars, Plans
to Short Treasuries ‘Sucker’s Rally Beginning To Unwind’ daaaah…? Calls grow to supplant dollar as global currency China officials
call for displacing dollar, in time Tracking Two
Depressions, 1929 and now this Mortgage applications fall to 7-month low... Private
sector sheds another 473,000 jobs in June... 'Layoffs may be worsening'... AIG shares drop
after 1-for-20 reverse-stock split (AP) Manhattan
apartment prices skid 13 to 19 percent Job
losses / job concerns realistically weigh on confidence, real estate
values/prices continue downward trend as per Case / Shiller Index (-18.1%, -21%
in california) Consumer
confidence suffers steep fall... Home prices post 18% annual
drop... Worldwide Depression: Review of Global Markets . Four banks
fail, bringing 2009 tally to 19 more than all of 2008 at a total thus far of 44 Dollar Falls Most in Month as China Urges New Reserve
Currency Gerald Celente speaks on Cap and Trade and other handicaps
to the US economy HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH
CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT ONE
PROSECUTION IN THE MOST RECENT MASSIVE
SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS
WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK
MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T),
CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH
THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD
IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE,
RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED
SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS
ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC!
… THAT MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS,
… NOT OUT OF THIN AIR! ] TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP
SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
A REALITY CHECK ON U.S. 'ECONOMIC
RECOVERY' Jeff Nielson - U.S. equities
are rallying again today, and (as usual) it is a rally with no basis in
reality. , personal
income up modest .2% and spending down, China calls for new reserve currency to
supplant worthless dollar Dollar
And Stocks Drop As China Calls For New Global Currency , continuing
unemployment claims at or near record 627,000, weekly unemployment claims up
15,000, and GDP contraction –5.5%, all worse than expected (lennar wider than
expected quarterly loss rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing words/b.s. from fed which
previously predicted no recession that economy still contracting but that the
contraction is somewhat slowing…what b**l s**t!…, analysts- buffet/economy in
shambles, Hogan/negative GDP growth and inflation owing to debasement of the
dollar as well as deficit spending/pump-priming in the trillions, joker
stein/economy a mess and continued job losses, new home sales down .6%; U.S. Home Prices Drop 6.8
Percent in April as Foreclosures Rise foreclosure sales
up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their
40th bank of the year , Next
Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9%
and big difference between not getting worse and getting better, market got
ahead of itself, stalled out, still depression/more job losses, higher oil-gas
prices / higher interest rates / heavy debt to pare down is 1-3 year drag on
economy, even if believed (I don’t) the labor dept. far better than expected
job numbers by increased debt (spending) to produce same is not economically
sound or sustainable, viz., record spending with record low revenues, rating
cuts for bank sector, analysts concur in significant 5-15% (reality says
15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down
1.1%, housing starts allegedly up but if believed will only increase the
plethora of unsold inventories, empire manufacturing index suffers unexpectedly
severe decline…daaaah!, credit dard defaults at record high, analysts concur
that fundamentals don’t support stock rally and that pac money(defacto bribes)
might derail any meaningful reform/regulation which is of concern to the frauds
on wall street who should be prosecuted, record loss of wealth, higher gas
prices, job losses, higher interest rates / yields, higher commodity prices,
higher deficits, hyperinflation, record continuing unemployment claims at 6.8
million, worthless Weimar dollar crashing,
money supply exploding with hyperinflation/higher interest rates coming,
budget deficit at new highs and trade deficit worse than expected, analyst who
called crash says inflationary depression, banks passed stress tests only with
the help of fraudulent change in accounting rules, banks still insolvent, toxic
assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end
of year, Obama/bernanke continuing failed policies of bush greenspan,
recommends getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not
Over” 6/9/2009 A REALITY CHECK ON U.S.
'ECONOMIC RECOVERY' Jeff Nielson - U.S.
equities are rallying again today, and (as usual) it is a rally with no basis
in reality. Markets See a Breakdown in
Technical Support Levels Roubini: USA sees
double-dip recession... Jobless claims rise; GDP dips in 1Q Bernanke faces GOP-led (who are they
kidding-bushies/paulsen went so far as threaten martial law- prosecute now!
They continue to allow the wall street fraud and political theater doesn’t
change their complicity) heat on BofA-Merrill deal Fed Tried to Cover-up Its
Involvement in Bank of America-Merrill Deal U.S. Economy: Jobless Claims
Rise in Sign Labor Market Stagnant Dollar
drops on reserve currency doubts China sells US
bonds to ’show concern’ BRICs May Buy
Each Other’s Bonds in Shift From Dollar China’s holding of US bonds
drops first time in 11 months Russia to Raise Reserve
Currency Issue at BRIC International
Demand for Worthless U.S. Assets Slowed in April IMF says worst not over Senator cashed out during big
stock collapse -- after meeting with Fed, Treasury chiefs! America's AAA
downgrade danger...
Treasury
faces pressure on price of TARP exit A depression so deep even
teen shoppers scrimp US cities may have to be bulldozed in order to survive 1st quarter
wiped out $1.3 trillion for Americans Get Ready for Inflation and
Higher Interest Rates Oil prices near $73 as
energy rally continues Fed Would Be Shut Down If It
Were Audited Fed says
economy weak, but sees signs the slide increasing Mounting
deficits spark jitters about U.S. economy Wall Street falls as
realities dent recovery hopes
Bonds fall on
worries about government's debt load (AP) Oil prices
strike new high for 2009 (AP) The depression quietly deepens
CHINA
AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes,
We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake government job loss report near 40%
better than private forecasts…I don’t think so!…9.4% unemployment rate…try well
over 10% and with stopped looking included over 20% , Jim
Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now China explores
buying $50bn in IMF bonds US retailers
report May sales declines Tiny
Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector
job losses/factory orders worse than expected, new record continuing unemployment
claims, bernanke spend more money you don’t have but cut debilitating
deficit…riiiiight…sounds like a plan with more job losses to come, etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As
the Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD
$63.8 TRILLION... The Big Collapse
Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record
decline in real estate prices, $80+ oil
coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’ rally,
record low for new housing starts, etc.) AND BULL S**T ALONE (ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
, world economy to shrink by worse than
previously predicted 2.9% and big difference between not getting worse and
getting better, leading
indicators up far more than expected … bull s**t …based in large part on
inflated stock price component … more bull s**t … new
reform with same old frauds say increased capital requirements and oversight of
the overseers/rating agencies (riiiiight!…same old,same old - already have but
no will to enforce existing laws, etc.), analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets Insiders Exit Shares at the
Fastest Pace in Two Years BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... The Next Bubble Is Here. Have You Bought In? Here
we go again! Barney Frank asks FANNIE and FREDDIE to relax Mortgage lending
rules... Fed Tried to Cover-up Its Involvement in Bank of America-Merrill
Deal Dollar
And Stocks Drop As China Calls For New Global Currency Citigroup
Ordered to Suspend Some Operations in Japan Bernanke
Grilling May Weaken Case for Fed as Risk Regulator Citi boosting salaries to offset lower bonuses,
allegedly to retain the clowns who helped make them taxpayer dependant and
cause the current debacle; how ‘bout firing them instead and offering opportunity
to the new, particularly non-ivy league vegetable garden grads [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. Home Prices Drop 6.8 Percent
in April as Foreclosures Rise [$$] Red Roof Inn Defaults on Mortgage Debt (at The
Wall Street Journal Online)
MySpace to cut two-thirds of global
workforce GM to cut 4,000 more white-collar jobs
by year end Oracle tops forecasts despite sales,
profit dip; stated another way, bad news will be shilled as good news (AP) California
Collapsing Bankster “Holiday” Planned for
September? Recession Sparking Global Unrest
Is Your Portfolio Ready for the Next
Leg Down? S&P turns negative for year in
broad sell-off (Reuters) Goldman Sachs on pace for record bonuses: report
(Reuters) Numbers On Welfare See Sharp
Increase Top Insiders Playing You For A
Sucker? The death of the dollar. Who
could deny it? Stanford indicted in
massive U.S. fraud case which is small potatoes compared to ubiquitously
massive wall street securities fraud which caused the ongoing financial debacle Venture
Capital Bubble Set to Burst, Kedrosky Says Obama Plans to Cut Bank
Regulators, Allow Fed to Supervise Financial Holding Companies – The old fox
guarding the henhouse tricks Federal Reserve unwisely to
gain power under plan Federal Reserve Foolishly
To
Be Given Sweeping New Powers Yen Strengthens Most in Month
as Asian Stocks Drop, Gold Gains RUSSIA
CHALLENGES WORTHLESS DOLLAR... AIG says former
top exec plundered retirement plan [video] The Too-Big-to-Fail
Problem [6.8 min] (at MarketWatch) [$$] Too Big to
Solve? (at The Wall Street Journal Online) Buy and Hold Is
Dead. Long Live Buy and Hold! Financial Bailout Plan Keeps
Zombie Banks Alive Bernanke then as now in denial
about looming crisis 2005-2007 Retail sales,
drop in jobless claims to a very high even if believed 601,000 yielding record
continuing claims of 6.8 million fuel hope…if you’re a dope Lawmakers
blast Fed, Treasury for BofA "threats" Oil climbs over $73 on
hopes for rising demand U.S. Household
Worth Fell by $1.3 Trillion in First Quarter Predictions of $250
a barrel on oil ECB Fears Reality
of Banking Crisis in 2010: Report Get Ready for Inflation and
Higher Interest Rates Bill To Audit Federal Reserve
Now Has 209 Co-Sponsors Russia May Swap Some U.S.
Treasuries for IMF Debt Fed report shows losses on Bear Stearns, AIG holdings Congress subpoenas the Fed ... Finally!
(AP) Brazil in recession, recovery unlikely this year What a “Jobless Recovery”
Really Means: A Massive Redistribution of Wealth from the Little Guy to the Big
Boys Obama
Tells American Businesses to Drop Dead America’s Fed Addiction “87
Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are Unsafe” Fed Said to
Retreat From Seeking Power to Sell Its Own Debt/Bills WIRE:
Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory
Loss
Obama’s economic model versus
reality Reality
bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government
reports better than private estimates…riiiiight! President
of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now Benefit spending
soars to new high $100 Billion Bailout For IMF Tagged
On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC:
OIL COULD REACH $90... ----- Existing home foreclosure sales up, and no
profit discount car sales better than expected Diluting
like crazy through new stock bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
(7-30-09)
Dow
9,154 +83 To stamp out fraud, no change from
suckers’ rally worth reporting for second, third, fourth weeks of March and
April -436 for the first week of
March -12% for the month of February -8.8% (-775) for the
month of January -1% for fourth week of
January -2.5% for third week of January -4% for second week of January -5% for first full week of
January -34% for the year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,984 +16 To stamp out fraud, no change from
suckers’ rally worth reporting for second, third, fourth weeks of March and April -84 for
the first week of March -7% for the month of
February -6.4% (-101) for the month of
January -1% for fourth week of January
-3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P
500 986 +11 To stamp out fraud, no change from
suckers’ rally worth reporting for second,
third, fourth weeks
of March and
April -52 for the first week of March -11%
for the month of February -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $66.93
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.56 (reg. gas in LAND
OF FRUITS AND NUTS $2.86 REG./ $3.05
MID-GRADE/ $3.11PREM./ $2.83 DIESEL)/
GOLD $935 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $13.53
PLATINUM $1,189 / DOLLAR= .70 EURO, 93 YEN, .60 POUND STERLING, ETC. (How low
can you go - LOWER)/ 10 YR NOTE YIELD 3.62% …..… AP Business Highlights … ...Yahoo Market Update... ] YAHOO
- BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Must Read
Economic/Financial Data ABSOLUTELY, ABSURDLY,
RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN IN THIS UNIQUELY PREPOSTEROUS AND
FRAUDULENT ENVIRONMENT! [ A REALITY CHECK ON U.S. 'ECONOMIC RECOVERY' Jeff Nielson - U.S. equities are rallying
again today, and (as usual) it is a rally with no basis in reality. ]CONTINUED FRAUD WITH PROGRAMMED SUCKERS’
RALLY ON VERY BAD NEWS [ Max Keiser: Prosecute the Bankster Crime Syndicate (7-29-09)
Insiders Selling at Alarming Levels …Although the level of insider selling is certainly
alarming it's important to note that the very low levels of buying are
particularly alarming. Insiders sell stock for many reasons, but they generally
only buy stock for one reason: they believe the stock is going up. Despite the fact
the media is reporting an end to the recession, a bottom in housing and a
trough in earnings we are seeing a vote of zero confidence from the people who
know these companies better than anyone else…
Causes of This Depression Yet To Be Addressed Further impoverishment is on the way. More
and more will be laid off and they’ll be no new jobs available. Savings will be
exhausted and most homes that have been financed will be under water. Some banks paid bonuses bigger than income: o Unemployment spreads distress in U.S. home loans Weak
Treasury Auctions Raise Worries About Debt Burden...
[$$] Senate
Probes Banks for Meltdown Fraud (at The Wall Street Journal Online) Even Bernanke Admits this Could be Worse than the Great
Depression Senate probes Goldman,
Deutsche: report (Reuters)
The Real Unemployment Rate Hits a 68-Year High 2009 Looking More Like 1929 Dollar Falls to
2009 Low... U.S. Markets Decline After
Weaker Than Expected Data A REALITY CHECK ON U.S. 'ECONOMIC RECOVERY' Jeff Nielson - U.S. equities are rallying
again today, and (as usual) it is a rally with no basis in reality. ] AND NOTHING REAL OR
POSITIVE AT ALL (IE., STILL NO PROSECUTIONS OF THE FRAUDS ON WALL STREET SO
JUST ANOTHER BUILT-IN COST BY CHURN-AND-EARN COMMISSIONS TO, DEFACTO TAX ON
NON-PERFORMING / DECLINING ECONOMY, DURABLE GOODS DOWN/FORECLOSURES UP,
CONFIDENCE REALISTICALLY DOWN, CORRUPT COMMERCE DEPARTMENT CHIMES IN WITH FAKE
NUMBERS, USED HOME SALES UP WITH DEFAULTS/ SHORT SALES, JOB LOSSES UP, BETTER
THAN EXPECTED MANTRA, GUIDANCE THAT DEFIES REALITY BY A LONG SHOT AS IN LAST
COMMISSIONABLE BUBBLE BUST, JOB/COST CUTS TO BONE, ETC.) ( Max Keiser: Prosecute the Bankster Crime Syndicate Max
Keiser: Goldman Sachs Are “Scum,” “Financial Terrorists” Bank profits not as impressive as they seem
when you take into account TARP funding, changed accounting rules to fudge
books, new stock issues, etc… um Cost
Of Bailout Hits A Whopping $24 Trillion Dollars Stearns Crucifies Paulson On Bailout Bait And Switch
Fiscal ruin of the Western world beckons Foreign Embassies Urged to Stockpile Local Currencies
Bailout
Overseer Says Banks Misused TARP Funds Regulators shut banks in Calif., Ga. and SD ) TO KEEP
SUCKERS SUCKERED [ (7-29-09) Insiders Selling at Alarming
Levels Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [Tarp
banks award billions in bonuses... Goldman Sachs on pace for record bonuses: report
(Reuters) Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly Max Keiser: Prosecute the Bankster Crime Syndicate Corporate
Media Spotlights Distortion of Market by High Frequency Trading [$$] Big Pay
Packages Return to Wall Street as new fraud gains steam (at The Wall Street
Journal Online) Max Keiser: Goldman Sachs
gang are ’scum’ who have co-opted U.S. gov’t Max
Keiser: Goldman Sachs Are “Scum,” “Financial Terrorists” Max Keiser goes on the offensive during an
appearance on France 24 as he slams Goldman Sachs as “scum” and “financial
terrorists” who should be thrown in jail.
‘Printing
money will lead to serious problems down the road,’ says Jim Rogers Spitzer: Federal Reserve is ‘a
Ponzi scheme, an inside job’ 2009 Looking More
Like 1929 ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... Scams
And Bailouts The Cause of World Depression (7-29-09) Insiders Selling at Alarming
Levels Causes of Depression Yet To Be Addressed Further impoverishment is on the way. More
and more will be laid off and they’ll be no new jobs available. Savings will be
exhausted and most homes that have been financed will be under water. Some banks paid bonuses bigger than income: o Unemployment spreads distress in U.S. home loans Cities in the U.S. Sun Belt states of
California, Florida, Nevada and Arizona dominated the record foreclosure spree
in the first half of the year, but distress in other regions emerged as
joblessness spread, RealtyTrac said on Thursday. 75%
Favor Auditing The Fed Tarp banks
award billions in bonuses... The Real Unemployment Rate Hits a 68-Year High 2009 Looking More Like 1929 Dollar Falls to
2009 Low... Six Georgia banks
fail, bringing year tally to 64.... Rally may cool on earnings reality check Dollar Falls to Near 2009 Low as Economy Pares Refuge
Demand Ben
Bernanke Was Wrong Wall
Street’s Love Affair with Ben Bernanke Mike Whitney | bernanke knows that the country is in a Depression
Scams
And Bailouts The Cause of World Depression New US weekly jobless claims jump Its Official: U.S. Trapped in an Extended Depressionary
Cycle MICROSOFT Profit Drops 29% as
PC Slowdown Weighs on Revenue… they haven’t availed themselves of the fake
assets/books legislation recently passed... AMAZON.COM Profit
Drops 10%... Bernanke:
“I Don’t Know” Which Foreign Banks Were Given Half a Trillion Paul Joseph Watson Grayson grills Fed chairman on destination of credit
swaps. Fed:
unemployment will top 10 percent this year... Foreclosures (those increased home
sales that has been fueling suckers’ rally)
rise 15 percent in first half of 2009 (7-17) Three more banks
fail, bringing 2009 tally to more than double all of 2008 at a total thus far
of 57 Lower Markets on the Horizon Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly The Ultimate Insider Trading Scheme Max Keiser: Goldman Sachs
gang are ’scum’ who have co-opted U.S. gov’t Cost
Of Bailout Hits A Whopping $24 Trillion Dollars Stearns Crucifies Paulson On Bailout Bait And Switch
Fiscal ruin of the Western world beckons Foreign Embassies Urged to Stockpile Local Currencies
Bailout
Overseer Says Banks Misused TARP Funds TARP watchdog says Treasury lacking bank data Goldman Sachs
caused the problems in the first
place… Who can deny that? Budget deficit tops $1 trillion for first time
(AP) CIT Watch: Analysts Says Debt Load Isn't the
Only Problem Geithner Refuses to Rule Out
Continuing Using American Taxpayer as Piggy Bank for Derivatives Losses
WHITE
HOUSE ECON ADVISER CLAIMS SUCCESS: FEWER PEOPLE SEARCHING 'ECONOMIC DEPRESSION'
ON GOOGLE BECAUSE EXPERIENCING IT FIRST-HAND THEY ALREADY KNOW WHAT ECONOMIC
DEPRESSION IS... What
Economy? There’s Nothing Left to Recover There is no economy left to recover. The US manufacturing economy
was lost to offshoring and free trade ideology. It was replaced by a mythical
“New Economy “ ; less bad, not as bad as expected…riiiiight!, tarp money
for the commission frauds on wall street in new manufactured bubble as
actual/real manufacturing down again; consumer confidence down,
commercial loans begin default phase of downturn, 6.9 million continuing
unemployment claims for new record; retail sales down sharply A REALITY CHECK ON U.S. 'ECONOMIC
RECOVERY' Jeff Nielson - U.S. equities
are rallying again today, and (as usual) it is a rally with no basis in
reality. Economist:
FDIC gearing up for bank closures Goldman Sachs Admits Its Software Can “Manipulate Markets
in Unfair Ways and fraudulently generate commissions /trade volume” Max Keiser: Goldman Sachs gang
are ’scum’ who have co-opted U.S. gov’t You Tube | Goldman Sachs are scum– that’s the bottom line.
They have co-opted the government, the Treasury Department and the Federal
Reserve’s functionality. They’ve co-opted the Obama administration & Barack
Obama dances to Goldman Sachs’ tune. True unemployment rate already at 20% This Depression
Will Last For Years Wyoming sees
first bank failure since 1991 China
criticizes dollar AIG Preparing to Pay New
Round of Bonuses... While Talking About Keynesian Stimulus, Feds Are Really
Just Giving Money to the Big Frauds
FDIC
Insurance Fund: It Doesn’t Actually Exist Replacing the dollar as reserve currency US loses 467,000 jobs, unemployment at 9.5% 'We're in the Middle of a Crash': Black Swan... Economic
Expectations – Unemployment Rate Will Reach 15% David Tice: We are going into a depression-15%
unemployment or more on horizon. U.S. consumers fall behind on loans at
record pace FBI: Mortgage
fraud 'rampant' and growing... Celente and Schiff
Predict Food Panic This Year. Watch clips HERE. Fema Camps Built. Wall Street hits 10-week low amid talk of new
stimulus (7-2)Seven more banks fail,
bringing 2009 tally to more than double all of 2008 at a total thus far of 52;
Private sector sheds another 473,000 jobs in June... US lurching towards ‘debt
explosion’ with long-term interest rates on course to double Jim Rogers Sells Dollars, Plans
to Short Treasuries ‘Sucker’s Rally Beginning To Unwind’ daaaah…? Calls grow to supplant dollar as global currency China officials
call for displacing dollar, in time Tracking Two
Depressions, 1929 and now this Mortgage applications fall to 7-month low... Private
sector sheds another 473,000 jobs in June... 'Layoffs may be worsening'... AIG shares drop
after 1-for-20 reverse-stock split (AP) Manhattan
apartment prices skid 13 to 19 percent Job
losses / job concerns realistically weigh on confidence, real estate
values/prices continue downward trend as per Case / Shiller Index (-18.1%, -21%
in california) Consumer
confidence suffers steep fall... Home prices post 18% annual
drop... Worldwide Depression: Review of Global Markets . Four banks
fail, bringing 2009 tally to 19 more than all of 2008 at a total thus far of 44 Dollar Falls Most in Month as China Urges New Reserve
Currency Gerald Celente speaks on Cap and Trade and other handicaps
to the US economy HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH
CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT ONE
PROSECUTION IN THE MOST RECENT MASSIVE
SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS
WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK
MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T),
CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH
THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD
IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE,
RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED
SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS
ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC!
… THAT MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS,
… NOT OUT OF THIN AIR! ] TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP
SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
A REALITY CHECK ON U.S. 'ECONOMIC
RECOVERY' Jeff Nielson - U.S. equities
are rallying again today, and (as usual) it is a rally with no basis in
reality. , personal
income up modest .2% and spending down, China calls for new reserve currency to
supplant worthless dollar Dollar
And Stocks Drop As China Calls For New Global Currency , continuing
unemployment claims at or near record 627,000, weekly unemployment claims up
15,000, and GDP contraction –5.5%, all worse than expected (lennar wider than
expected quarterly loss rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing words/b.s. from fed which
previously predicted no recession that economy still contracting but that the
contraction is somewhat slowing…what b**l s**t!…, analysts- buffet/economy in
shambles, Hogan/negative GDP growth and inflation owing to debasement of the
dollar as well as deficit spending/pump-priming in the trillions, joker
stein/economy a mess and continued job losses, new home sales down .6%; U.S. Home Prices Drop 6.8
Percent in April as Foreclosures Rise foreclosure
sales up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their
40th bank of the year , Next
Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9%
and big difference between not getting worse and getting better, market got
ahead of itself, stalled out, still depression/more job losses, higher oil-gas
prices / higher interest rates / heavy debt to pare down is 1-3 year drag on
economy, even if believed (I don’t) the labor dept. far better than expected
job numbers by increased debt (spending) to produce same is not economically
sound or sustainable, viz., record spending with record low revenues, rating
cuts for bank sector, analysts concur in significant 5-15% (reality says
15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down
1.1%, housing starts allegedly up but if believed will only increase the
plethora of unsold inventories, empire manufacturing index suffers unexpectedly
severe decline…daaaah!, credit dard defaults at record high, analysts concur
that fundamentals don’t support stock rally and that pac money(defacto bribes)
might derail any meaningful reform/regulation which is of concern to the frauds
on wall street who should be prosecuted, record loss of wealth, higher gas
prices, job losses, higher interest rates / yields, higher commodity prices,
higher deficits, hyperinflation, record continuing unemployment claims at 6.8
million, worthless Weimar dollar crashing,
money supply exploding with hyperinflation/higher interest rates coming,
budget deficit at new highs and trade deficit worse than expected, analyst who
called crash says inflationary depression, banks passed stress tests only with
the help of fraudulent change in accounting rules, banks still insolvent, toxic
assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end
of year, Obama/bernanke continuing failed policies of bush greenspan,
recommends getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not
Over” 6/9/2009 A REALITY CHECK ON U.S.
'ECONOMIC RECOVERY' Jeff Nielson - U.S.
equities are rallying again today, and (as usual) it is a rally with no basis
in reality. Markets See a Breakdown in
Technical Support Levels Roubini: USA sees
double-dip recession... Jobless claims rise; GDP dips in 1Q Bernanke faces GOP-led (who are they
kidding-bushies/paulsen went so far as threaten martial law- prosecute now!
They continue to allow the wall street fraud and political theater doesn’t
change their complicity) heat on BofA-Merrill deal Fed Tried to Cover-up Its
Involvement in Bank of America-Merrill Deal U.S. Economy: Jobless Claims
Rise in Sign Labor Market Stagnant Dollar
drops on reserve currency doubts China sells US
bonds to ’show concern’ BRICs May Buy
Each Other’s Bonds in Shift From Dollar China’s holding of US bonds
drops first time in 11 months Russia to Raise Reserve
Currency Issue at BRIC International
Demand for Worthless U.S. Assets Slowed in April IMF says worst not over Senator cashed out during big
stock collapse -- after meeting with Fed, Treasury chiefs! America's AAA
downgrade danger... Treasury
faces pressure on price of TARP exit A depression so deep even
teen shoppers scrimp US cities may have to be bulldozed in order to survive 1st quarter
wiped out $1.3 trillion for Americans Get Ready for Inflation and
Higher Interest Rates Oil prices near $73 as
energy rally continues Fed Would Be Shut Down If It
Were Audited Fed says
economy weak, but sees signs the slide increasing Mounting
deficits spark jitters about U.S. economy Wall Street falls as
realities dent recovery hopes
Bonds fall on
worries about government's debt load (AP) Oil prices
strike new high for 2009 (AP) The depression quietly deepens
CHINA
AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes,
We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake government job loss report near 40%
better than private forecasts…I don’t think so!…9.4% unemployment rate…try well
over 10% and with stopped looking included over 20% , Jim
Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now China explores
buying $50bn in IMF bonds US retailers
report May sales declines Tiny
Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector
job losses/factory orders worse than expected, new record continuing
unemployment claims, bernanke spend more money you don’t have but cut
debilitating deficit…riiiiight…sounds like a plan with more job losses to come,
etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As
the Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD
$63.8 TRILLION... The Big Collapse
Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record
decline in real estate prices, $80+ oil coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
, world economy to shrink by worse than previously
predicted 2.9% and big difference between not getting worse and getting better,
leading indicators up far more than
expected … bull s**t …based in large part on inflated stock price component …
more bull s**t … new reform with same old frauds
say increased capital requirements and oversight of the overseers/rating
agencies (riiiiight!…same old,same old - already have but no will to enforce
existing laws, etc.), analyst who called crash says inflationary depression,
banks passed stress tests only with the help of fraudulent change in accounting
rules, banks still insolvent, toxic assets even more toxic, dollar falling and
a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed
policies of bush greenspan, recommends getting out of Dodge and u.s.
assets Insiders Exit Shares at the
Fastest Pace in Two Years BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... The Next Bubble Is Here. Have You Bought In? Here
we go again! Barney Frank asks FANNIE and FREDDIE to relax Mortgage lending
rules... Fed Tried to Cover-up Its Involvement in Bank of America-Merrill
Deal Dollar
And Stocks Drop As China Calls For New Global Currency Citigroup
Ordered to Suspend Some Operations in Japan Bernanke
Grilling May Weaken Case for Fed as Risk Regulator Citi boosting salaries to offset lower bonuses,
allegedly to retain the clowns who helped make them taxpayer dependant and
cause the current debacle; how ‘bout firing them instead and offering
opportunity to the new, particularly non-ivy league vegetable garden grads [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. Home Prices Drop 6.8 Percent
in April as Foreclosures Rise [$$] Red Roof Inn Defaults on Mortgage Debt (at The
Wall Street Journal Online)
MySpace to cut two-thirds of global
workforce GM to cut 4,000 more white-collar jobs
by year end Oracle tops forecasts despite sales,
profit dip; stated another way, bad news will be shilled as good news (AP) California
Collapsing Bankster “Holiday” Planned for
September? Recession Sparking Global Unrest
Is Your Portfolio Ready for the Next
Leg Down? S&P turns negative for year in
broad sell-off (Reuters) Goldman Sachs on pace for record bonuses: report
(Reuters) Numbers On Welfare See Sharp
Increase Top Insiders Playing You For A
Sucker? The death of the dollar. Who
could deny it? Stanford indicted in
massive U.S. fraud case which is small potatoes compared to ubiquitously
massive wall street securities fraud which caused the ongoing financial debacle Venture
Capital Bubble Set to Burst, Kedrosky Says Obama Plans to Cut Bank
Regulators, Allow Fed to Supervise Financial Holding Companies – The old fox
guarding the henhouse tricks Federal Reserve unwisely to
gain power under plan Federal Reserve Foolishly
To
Be Given Sweeping New Powers Yen Strengthens Most in Month
as Asian Stocks Drop, Gold Gains RUSSIA
CHALLENGES WORTHLESS DOLLAR... AIG says former
top exec plundered retirement plan [video] The Too-Big-to-Fail
Problem [6.8 min] (at MarketWatch) [$$] Too Big to
Solve? (at The Wall Street Journal Online) Buy and Hold Is
Dead. Long Live Buy and Hold! Financial Bailout Plan Keeps
Zombie Banks Alive Bernanke then as now in denial
about looming crisis 2005-2007 Retail sales,
drop in jobless claims to a very high even if believed 601,000 yielding record
continuing claims of 6.8 million fuel hope…if you’re a dope Lawmakers
blast Fed, Treasury for BofA "threats" Oil climbs over $73 on
hopes for rising demand U.S. Household
Worth Fell by $1.3 Trillion in First Quarter Predictions of $250
a barrel on oil ECB Fears Reality
of Banking Crisis in 2010: Report Get Ready for Inflation and
Higher Interest Rates Bill To Audit Federal Reserve
Now Has 209 Co-Sponsors Russia May Swap Some U.S.
Treasuries for IMF Debt Fed report shows losses on Bear Stearns, AIG holdings Congress subpoenas the Fed ... Finally!
(AP) Brazil in recession, recovery unlikely this year What a “Jobless Recovery”
Really Means: A Massive Redistribution of Wealth from the Little Guy to the Big
Boys Obama
Tells American Businesses to Drop Dead America’s Fed Addiction “87
Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are Unsafe” Fed Said to
Retreat From Seeking Power to Sell Its Own Debt/Bills WIRE:
Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory
Loss
Obama’s economic model versus
reality Reality
bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government
reports better than private estimates…riiiiight! President
of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now Benefit spending
soars to new high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC:
OIL COULD REACH $90... ----- Existing home
foreclosure sales up, and no profit discount car sales better than
expected Diluting like crazy through new stock
bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
(7-29-09) Dow
9,070 -26 To stamp out fraud, no change from
suckers’ rally worth reporting for second, third, fourth weeks of March and
April -436 for the first week of
March -12% for the month of February -8.8% (-775) for the
month of January -1% for fourth week of
January -2.5% for third week of January -4% for second week of January -5% for first full week of
January -34% for the year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,968 -8 To stamp out fraud, no change from
suckers’ rally worth reporting for second, third, fourth weeks of March and April -84 for
the first week of March -7% for the month of
February -6.4% (-101) for the month of
January -1% for fourth week of January
-3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P
500 975 -4 To stamp out fraud, no change from suckers’ rally worth
reporting for second, third, fourth weeks of March and April -52 for
the first week of March -11% for the month of
February -8.6%
(-75) for the month of January -1% for
fourth week of January -2.3% for third week of
January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $67.23
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.56 (reg. gas in LAND
OF FRUITS AND NUTS $2.86 REG./ $3.05
MID-GRADE/ $3.11PREM./ $2.83 DIESEL)/
GOLD $927 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $13.26
PLATINUM $1,176 / DOLLAR= .70 EURO, 93 YEN, .60 POUND STERLING, ETC. (How low
can you go - LOWER)/ 10 YR NOTE YIELD 3.66% …..… AP Business Highlights … ...Yahoo Market Update... ] YAHOO
- BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Must Read
Economic/Financial Data ABSOLUTELY,
ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN IN THIS UNIQUELY
PREPOSTEROUS AND FRAUDULENT ENVIRONMENT! CONTINUED PROGRAMMED SUCKERS’ RALLY
WITH SWING TO UPSIDE INTO THE VERY MODESTLY LOW RELATIVE TO REALITY CLOSE ON
BAD NEWS [ Max Keiser: Prosecute the Bankster Crime Syndicate (7-29-09)
Insiders Selling at Alarming Levels …Although the level of insider selling is certainly
alarming it's important to note that the very low levels of buying are
particularly alarming. Insiders sell stock for many reasons, but they generally
only buy stock for one reason: they believe the stock is going up. Despite the
fact the media is reporting an end to the recession, a bottom in housing and a
trough in earnings we are seeing a vote of zero confidence from the people who
know these companies better than anyone else… Weak Treasury Auctions Raise Worries About Debt Burden...
[$$] Senate
Probes Banks for Meltdown Fraud (at The Wall Street Journal Online) Even Bernanke Admits this Could be Worse than the Great
Depression Senate probes Goldman,
Deutsche: report (Reuters)
The Real Unemployment Rate Hits a 68-Year High 2009 Looking More Like 1929 Dollar Falls to
2009 Low... U.S. Markets Decline After
Weaker Than Expected Data ] AND NOTHING REAL OR POSITIVE AT ALL (IE.,
STILL NO PROSECUTIONS OF THE FRAUDS ON WALL STREET SO JUST ANOTHER BUILT-IN
COST BY CHURN-AND-EARN COMMISSIONS TO, DEFACTO TAX ON NON-PERFORMING /
DECLINING ECONOMY, DURABLE GOODS DOWN/FORECLOSURES UP, CONFIDENCE REALISTICALLY
DOWN, CORRUPT COMMERCE DEPARTMENT CHIMES IN WITH FAKE NUMBERS, USED HOME SALES
UP WITH DEFAULTS/ SHORT SALES, JOB LOSSES UP, BETTER THAN EXPECTED MANTRA,
GUIDANCE THAT DEFIES REALITY BY A LONG SHOT AS IN LAST COMMISSIONABLE BUBBLE
BUST, JOB/COST CUTS TO BONE, ETC.) ( Max Keiser: Prosecute the Bankster Crime Syndicate Max
Keiser: Goldman Sachs Are “Scum,” “Financial Terrorists” Bank profits not as impressive as they seem
when you take into account TARP funding, changed accounting rules to fudge
books, new stock issues, etc… um Cost
Of Bailout Hits A Whopping $24 Trillion Dollars Stearns Crucifies Paulson On Bailout Bait And Switch
Fiscal ruin of the Western world beckons Foreign Embassies Urged to Stockpile Local Currencies
Bailout
Overseer Says Banks Misused TARP Funds Regulators shut banks in Calif., Ga. and SD ) TO KEEP
SUCKERS SUCKERED [ (7-29-09) Insiders Selling at Alarming
Levels Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly Max Keiser: Prosecute the Bankster Crime Syndicate Corporate
Media Spotlights Distortion of Market by High Frequency Trading [$$] Big Pay
Packages Return to Wall Street as new fraud gains steam (at The Wall Street
Journal Online) Max Keiser: Goldman Sachs
gang are ’scum’ who have co-opted U.S. gov’t Max
Keiser: Goldman Sachs Are “Scum,” “Financial Terrorists” Max Keiser goes on the offensive during an
appearance on France 24 as he slams Goldman Sachs as “scum” and “financial
terrorists” who should be thrown in jail.
‘Printing
money will lead to serious problems down the road,’ says Jim Rogers Spitzer: Federal Reserve is ‘a
Ponzi scheme, an inside job’ 2009 Looking More
Like 1929 ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... Scams
And Bailouts The Cause of World Depression (7-29-09) Insiders Selling at Alarming
Levels The Real Unemployment Rate Hits a 68-Year High 2009 Looking More Like 1929 Dollar Falls to
2009 Low... Six Georgia banks
fail, bringing year tally to 64.... Rally may cool on earnings reality check Dollar Falls to Near 2009 Low as Economy Pares Refuge
Demand Ben
Bernanke Was Wrong Wall
Street’s Love Affair with Ben Bernanke Mike Whitney | bernanke knows that the country is in a Depression
Scams
And Bailouts The Cause of World Depression New US weekly jobless claims jump Its Official: U.S. Trapped in an Extended Depressionary
Cycle MICROSOFT Profit Drops 29% as
PC Slowdown Weighs on Revenue… they haven’t availed themselves of the fake
assets/books legislation recently passed... AMAZON.COM Profit
Drops 10%... Bernanke:
“I Don’t Know” Which Foreign Banks Were Given Half a Trillion Paul Joseph Watson Grayson grills Fed chairman on destination of credit
swaps. Fed:
unemployment will top 10 percent this year... Foreclosures (those increased home
sales that has been fueling suckers’ rally)
rise 15 percent in first half of 2009 (7-17) Three more banks
fail, bringing 2009 tally to more than double all of 2008 at a total thus far
of 57 Lower Markets on the Horizon Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly The Ultimate Insider Trading Scheme Max Keiser: Goldman Sachs
gang are ’scum’ who have co-opted U.S. gov’t Cost
Of Bailout Hits A Whopping $24 Trillion Dollars Stearns Crucifies Paulson On Bailout Bait And Switch
Fiscal ruin of the Western world beckons Foreign Embassies Urged to Stockpile Local Currencies
Bailout
Overseer Says Banks Misused TARP Funds TARP watchdog says Treasury lacking bank data Goldman Sachs
caused the problems in the first
place… Who can deny that? Budget deficit tops $1 trillion for first time
(AP) CIT Watch: Analysts Says Debt Load Isn't the
Only Problem Geithner Refuses to Rule Out
Continuing Using American Taxpayer as Piggy Bank for Derivatives Losses
WHITE
HOUSE ECON ADVISER CLAIMS SUCCESS: FEWER PEOPLE SEARCHING 'ECONOMIC DEPRESSION'
ON GOOGLE BECAUSE EXPERIENCING IT FIRST-HAND THEY ALREADY KNOW WHAT ECONOMIC
DEPRESSION IS... What
Economy? There’s Nothing Left to Recover There is no economy left to recover. The US manufacturing economy
was lost to offshoring and free trade ideology. It was replaced by a mythical
“New Economy “ ; less bad, not as bad as expected…riiiiight!, tarp money
for the commission frauds on wall street in new manufactured bubble as
actual/real manufacturing down again; consumer confidence down,
commercial loans begin default phase of downturn, 6.9 million continuing
unemployment claims for new record; retail sales down sharply
Economist:
FDIC gearing up for bank closures Goldman Sachs Admits Its Software Can “Manipulate Markets
in Unfair Ways and fraudulently generate commissions /trade volume” Max Keiser: Goldman Sachs gang
are ’scum’ who have co-opted U.S. gov’t You Tube | Goldman Sachs are scum– that’s the bottom line.
They have co-opted the government, the Treasury Department and the Federal
Reserve’s functionality. They’ve co-opted the Obama administration & Barack
Obama dances to Goldman Sachs’ tune. True unemployment rate already at 20% This Depression
Will Last For Years Wyoming sees
first bank failure since 1991 China
criticizes dollar AIG Preparing to Pay New
Round of Bonuses... While Talking About Keynesian Stimulus, Feds Are Really
Just Giving Money to the Big Frauds
FDIC
Insurance Fund: It Doesn’t Actually Exist Replacing the dollar as reserve currency US loses 467,000 jobs, unemployment at 9.5% 'We're in the Middle of a Crash': Black Swan... Economic
Expectations – Unemployment Rate Will Reach 15% David Tice: We are going into a depression-15%
unemployment or more on horizon. U.S. consumers fall behind on loans at
record pace FBI: Mortgage
fraud 'rampant' and growing... Celente and Schiff
Predict Food Panic This Year. Watch clips HERE. Fema Camps Built. Wall Street hits 10-week low amid talk of new
stimulus (7-2)Seven more banks fail,
bringing 2009 tally to more than double all of 2008 at a total thus far of 52;
Private sector sheds another 473,000 jobs in June... US lurching towards ‘debt
explosion’ with long-term interest rates on course to double Jim Rogers Sells Dollars, Plans
to Short Treasuries ‘Sucker’s Rally Beginning To Unwind’ daaaah…? Calls grow to supplant dollar as global currency China officials
call for displacing dollar, in time Tracking Two
Depressions, 1929 and now this Mortgage applications fall to 7-month low... Private
sector sheds another 473,000 jobs in June... 'Layoffs may be worsening'... AIG shares drop
after 1-for-20 reverse-stock split (AP) Manhattan
apartment prices skid 13 to 19 percent Job
losses / job concerns realistically weigh on confidence, real estate
values/prices continue downward trend as per Case / Shiller Index (-18.1%, -21%
in california) Consumer
confidence suffers steep fall... Home prices post 18% annual
drop... Worldwide Depression: Review of Global Markets . Four banks
fail, bringing 2009 tally to 19 more than all of 2008 at a total thus far of 44 Dollar Falls Most in Month as China Urges New Reserve
Currency Gerald Celente speaks on Cap and Trade and other handicaps
to the US economy HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH
CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT ONE
PROSECUTION IN THE MOST RECENT MASSIVE
SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS
WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK
MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T),
CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH
THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD
IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE,
RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED
SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS
ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC!
… THAT MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS,
… NOT OUT OF THIN AIR! ] TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP
SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , personal
income up modest .2% and spending down, China calls for new reserve currency to
supplant worthless dollar Dollar
And Stocks Drop As China Calls For New Global Currency , continuing
unemployment claims at or near record 627,000, weekly unemployment claims up
15,000, and GDP contraction –5.5%, all worse than expected (lennar wider than
expected quarterly loss rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing words/b.s. from fed which
previously predicted no recession that economy still contracting but that the
contraction is somewhat slowing…what b**l s**t!…, analysts- buffet/economy in
shambles, Hogan/negative GDP growth and inflation owing to debasement of the
dollar as well as deficit spending/pump-priming in the trillions, joker
stein/economy a mess and continued job losses, new home sales down .6%; U.S. Home Prices Drop 6.8
Percent in April as Foreclosures Rise foreclosure
sales up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their
40th bank of the year , Next
Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9%
and big difference between not getting worse and getting better, market got
ahead of itself, stalled out, still depression/more job losses, higher oil-gas
prices / higher interest rates / heavy debt to pare down is 1-3 year drag on
economy, even if believed (I don’t) the labor dept. far better than expected
job numbers by increased debt (spending) to produce same is not economically
sound or sustainable, viz., record spending with record low revenues, rating
cuts for bank sector, analysts concur in significant 5-15% (reality says
15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down
1.1%, housing starts allegedly up but if believed will only increase the
plethora of unsold inventories, empire manufacturing index suffers unexpectedly
severe decline…daaaah!, credit dard defaults at record high, analysts concur
that fundamentals don’t support stock rally and that pac money(defacto bribes)
might derail any meaningful reform/regulation which is of concern to the frauds
on wall street who should be prosecuted, record loss of wealth, higher gas
prices, job losses, higher interest rates / yields, higher commodity prices,
higher deficits, hyperinflation, record continuing unemployment claims at 6.8
million, worthless Weimar dollar crashing,
money supply exploding with hyperinflation/higher interest rates coming,
budget deficit at new highs and trade deficit worse than expected, analyst who
called crash says inflationary depression, banks passed stress tests only with
the help of fraudulent change in accounting rules, banks still insolvent, toxic
assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end
of year, Obama/bernanke continuing failed policies of bush greenspan,
recommends getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not
Over” 6/9/2009 Markets See a Breakdown in
Technical Support Levels Roubini: USA sees
double-dip recession... Jobless claims rise; GDP dips in 1Q Bernanke faces GOP-led (who are they
kidding-bushies/paulsen went so far as threaten martial law- prosecute now!
They continue to allow the wall street fraud and political theater doesn’t
change their complicity) heat on BofA-Merrill deal Fed Tried to Cover-up Its Involvement
in Bank of America-Merrill Deal U.S. Economy: Jobless Claims
Rise in Sign Labor Market Stagnant Dollar
drops on reserve currency doubts China sells US
bonds to ’show concern’ BRICs May Buy
Each Other’s Bonds in Shift From Dollar China’s holding of US bonds
drops first time in 11 months Russia to Raise Reserve
Currency Issue at BRIC International
Demand for Worthless U.S. Assets Slowed in April IMF says worst not over Senator cashed out during big
stock collapse -- after meeting with Fed, Treasury chiefs! America's AAA
downgrade danger...
Treasury
faces pressure on price of TARP exit A depression so deep even
teen shoppers scrimp US cities may have to be bulldozed in order to survive 1st quarter
wiped out $1.3 trillion for Americans Get Ready for Inflation and
Higher Interest Rates Oil prices near $73 as
energy rally continues Fed Would Be Shut Down If It
Were Audited Fed says
economy weak, but sees signs the slide increasing Mounting
deficits spark jitters about U.S. economy Wall Street falls as
realities dent recovery hopes
Bonds fall on
worries about government's debt load (AP) Oil prices
strike new high for 2009 (AP) The depression quietly deepens
CHINA
AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes,
We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake government job loss report near 40%
better than private forecasts…I don’t think so!…9.4% unemployment rate…try well
over 10% and with stopped looking included over 20% , Jim
Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now China explores
buying $50bn in IMF bonds US retailers
report May sales declines Tiny
Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector
job losses/factory orders worse than expected, new record continuing
unemployment claims, bernanke spend more money you don’t have but cut
debilitating deficit…riiiiight…sounds like a plan with more job losses to come,
etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As
the Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD
$63.8 TRILLION... The Big Collapse
Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record
decline in real estate prices, $80+ oil
coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
, world economy to shrink by worse than
previously predicted 2.9% and big difference between not getting worse and
getting better, leading
indicators up far more than expected … bull s**t …based in large part on
inflated stock price component … more bull s**t … new
reform with same old frauds say increased capital requirements and oversight of
the overseers/rating agencies (riiiiight!…same old,same old - already have but
no will to enforce existing laws, etc.), analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets Insiders Exit Shares at the
Fastest Pace in Two Years BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... The Next Bubble Is Here. Have You Bought In? Here
we go again! Barney Frank asks FANNIE and FREDDIE to relax Mortgage lending
rules... Fed Tried to Cover-up Its Involvement in Bank of America-Merrill
Deal Dollar
And Stocks Drop As China Calls For New Global Currency Citigroup
Ordered to Suspend Some Operations in Japan Bernanke
Grilling May Weaken Case for Fed as Risk Regulator Citi boosting salaries to offset lower bonuses,
allegedly to retain the clowns who helped make them taxpayer dependant and
cause the current debacle; how ‘bout firing them instead and offering
opportunity to the new, particularly non-ivy league vegetable garden grads [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. Home Prices Drop 6.8 Percent
in April as Foreclosures Rise [$$] Red Roof Inn Defaults on Mortgage Debt (at The
Wall Street Journal Online)
MySpace to cut two-thirds of global
workforce GM to cut 4,000 more white-collar jobs
by year end Oracle tops forecasts despite sales,
profit dip; stated another way, bad news will be shilled as good news (AP) California
Collapsing Bankster “Holiday” Planned for
September? Recession Sparking Global Unrest
Is Your Portfolio Ready for the Next
Leg Down? S&P turns negative for year in
broad sell-off (Reuters) Goldman Sachs on pace for record bonuses: report
(Reuters) Numbers On Welfare See Sharp
Increase Top Insiders Playing You For A
Sucker? The death of the dollar. Who
could deny it? Stanford indicted in
massive U.S. fraud case which is small potatoes compared to ubiquitously
massive wall street securities fraud which caused the ongoing financial debacle Venture
Capital Bubble Set to Burst, Kedrosky Says Obama Plans to Cut Bank
Regulators, Allow Fed to Supervise Financial Holding Companies – The old fox
guarding the henhouse tricks Federal Reserve unwisely to
gain power under plan Federal Reserve Foolishly
To
Be Given Sweeping New Powers Yen Strengthens Most in Month
as Asian Stocks Drop, Gold Gains RUSSIA
CHALLENGES WORTHLESS DOLLAR... AIG says former
top exec plundered retirement plan [video] The Too-Big-to-Fail
Problem [6.8 min] (at MarketWatch) [$$] Too Big to
Solve? (at The Wall Street Journal Online) Buy and Hold Is
Dead. Long Live Buy and Hold! Financial Bailout Plan Keeps
Zombie Banks Alive Bernanke then as now in denial
about looming crisis 2005-2007 Retail sales,
drop in jobless claims to a very high even if believed 601,000 yielding record
continuing claims of 6.8 million fuel hope…if you’re a dope Lawmakers
blast Fed, Treasury for BofA "threats" Oil climbs over $73 on
hopes for rising demand U.S. Household
Worth Fell by $1.3 Trillion in First Quarter Predictions of $250
a barrel on oil ECB Fears Reality
of Banking Crisis in 2010: Report Get Ready for Inflation and
Higher Interest Rates Bill To Audit Federal Reserve
Now Has 209 Co-Sponsors Russia May Swap Some U.S.
Treasuries for IMF Debt Fed report shows losses on Bear Stearns, AIG holdings Congress subpoenas the Fed ... Finally!
(AP) Brazil in recession, recovery unlikely this year What a “Jobless Recovery”
Really Means: A Massive Redistribution of Wealth from the Little Guy to the Big
Boys Obama
Tells American Businesses to Drop Dead America’s Fed Addiction “87
Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are Unsafe” Fed Said to
Retreat From Seeking Power to Sell Its Own Debt/Bills WIRE:
Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory
Loss
Obama’s economic model versus
reality Reality
bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government
reports better than private estimates…riiiiight! President
of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now Benefit spending
soars to new high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC:
OIL COULD REACH $90... ----- Existing home
foreclosure sales up, and no profit discount car sales better than
expected Diluting like crazy through new stock
bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
(7-28-09) Dow
9,096 -12 To stamp out fraud, no change from
suckers’ rally worth reporting for second, third, fourth weeks of March and
April -436 for the first week of
March -12% for the month of February -8.8% (-775) for the
month of January -1% for fourth week of
January -2.5% for third week of January -4% for second week of January -5% for first full week of
January -34% for the year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,976 +7.62 To stamp out fraud, no change from
suckers’ rally worth reporting for second, third, fourth weeks of March and April -84 for
the first week of March -7% for the month of
February -6.4% (-101) for the month of January
-1% for fourth week of January -3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P
500 979 -2 To stamp out fraud, no change from suckers’ rally worth
reporting for second, third, fourth weeks of March and April -52 for
the first week of March -11% for the month of
February -8.6%
(-75) for the month of January -1% for
fourth week of January -2.3% for third week of
January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $67.23
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.56 (reg. gas in LAND
OF FRUITS AND NUTS $2.86 REG./ $3.08
MID-GRADE/ $3.20PREM./ $2.83 DIESEL)/
GOLD $939.11 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $13.74
PLATINUM $1,198 / DOLLAR= .70 EURO, 93 YEN, .60 POUND STERLING, ETC. (How low
can you go - LOWER)/ 10 YR NOTE YIELD 3.69% …..… AP Business Highlights … ...Yahoo Market Update... ] YAHOO
- BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Must Read
Economic/Financial Data ABSOLUTELY, ABSURDLY,
RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN IN THIS UNIQUELY PREPOSTEROUS AND
FRAUDULENT ENVIRONMENT! CONTINUED PROGRAMMED SUCKERS’ RALLY WITH 100+% SWING TO
UPSIDE INTO THE CLOSE ON BAD NEWS [ (7-29-09) Insiders Selling at Alarming
Levels The Real Unemployment Rate Hits a 68-Year High 2009 Looking More Like 1929 Dollar Falls to
2009 Low... U.S. Markets Decline After
Weaker Than Expected Data ] AND
NOTHING REAL OR POSITIVE AT ALL (IE., STILL NO PROSECUTIONS OF THE FRAUDS ON
WALL STREET SO JUST ANOTHER BUILT-IN COST BY CHURN-AND-EARN COMMISSIONS TO,
DEFACTO TAX ON NON-PERFORMING / DECLINING ECONOMY, CONFIDENCE REALISTICALLY
DOWN, CORRUPT COMMERCE DEPARTMENT CHIMES IN WITH FAKE NUMBERS, USED HOME SALES
UP WITH DEFAULTS/ SHORT SALES, JOB LOSSES UP, BETTER THAN EXPECTED MANTRA,
GUIDANCE THAT DEFIES REALITY BY A LONG SHOT AS IN LAST COMMISSIONABLE BUBBLE
BUST, JOB/COST CUTS TO BONE, ETC.) ( Max
Keiser: Goldman Sachs Are “Scum,” “Financial Terrorists” Bank profits not as impressive as they seem
when you take into account TARP funding, changed accounting rules to fudge
books, new stock issues, etc… um Cost
Of Bailout Hits A Whopping $24 Trillion Dollars Stearns Crucifies Paulson On Bailout Bait And Switch
Fiscal ruin of the Western world beckons Foreign Embassies Urged to Stockpile Local Currencies
Bailout
Overseer Says Banks Misused TARP Funds Regulators shut banks in Calif., Ga. and SD ) TO KEEP
SUCKERS SUCKERED [ (7-29-09) Insiders Selling at Alarming
Levels Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly Corporate
Media Spotlights Distortion of Market by High Frequency Trading [$$] Big Pay
Packages Return to Wall Street as new fraud gains steam (at The Wall Street
Journal Online) Max Keiser: Goldman Sachs
gang are ’scum’ who have co-opted U.S. gov’t Max
Keiser: Goldman Sachs Are “Scum,” “Financial Terrorists” Max Keiser goes on the offensive during an
appearance on France 24 as he slams Goldman Sachs as “scum” and “financial
terrorists” who should be thrown in jail.
‘Printing
money will lead to serious problems down the road,’ says Jim Rogers Spitzer: Federal Reserve is ‘a
Ponzi scheme, an inside job’ 2009 Looking More
Like 1929 ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... Scams
And Bailouts The Cause of World Depression (7-29-09) Insiders Selling at Alarming
Levels The Real Unemployment Rate Hits a 68-Year High 2009 Looking More Like 1929 Dollar Falls to
2009 Low... Six Georgia banks
fail, bringing year tally to 64.... Rally may cool on earnings reality check Dollar Falls to Near 2009 Low as Economy Pares Refuge
Demand Ben
Bernanke Was Wrong Wall
Street’s Love Affair with Ben Bernanke Mike Whitney | bernanke knows that the country is in a Depression
Scams
And Bailouts The Cause of World Depression New US weekly jobless claims jump Its Official: U.S. Trapped in an Extended Depressionary
Cycle MICROSOFT Profit Drops 29% as
PC Slowdown Weighs on Revenue… they haven’t availed themselves of the fake
assets/books legislation recently passed... AMAZON.COM Profit
Drops 10%... Bernanke:
“I Don’t Know” Which Foreign Banks Were Given Half a Trillion Paul Joseph Watson Grayson grills Fed chairman on destination of credit
swaps. Fed:
unemployment will top 10 percent this year... Foreclosures (those increased home
sales that has been fueling suckers’ rally)
rise 15 percent in first half of 2009 (7-17) Three more banks
fail, bringing 2009 tally to more than double all of 2008 at a total thus far
of 57 Lower Markets on the Horizon Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly The Ultimate Insider Trading Scheme Max Keiser: Goldman Sachs gang
are ’scum’ who have co-opted U.S. gov’t Cost
Of Bailout Hits A Whopping $24 Trillion Dollars Stearns Crucifies Paulson On Bailout Bait And Switch
Fiscal ruin of the Western world beckons Foreign Embassies Urged to Stockpile Local Currencies
Bailout
Overseer Says Banks Misused TARP Funds TARP watchdog says Treasury lacking bank data Goldman Sachs
caused the problems in the first
place… Who can deny that? Budget deficit tops $1 trillion for first time
(AP) CIT Watch: Analysts Says Debt Load Isn't the
Only Problem Geithner Refuses to Rule Out
Continuing Using American Taxpayer as Piggy Bank for Derivatives Losses
WHITE
HOUSE ECON ADVISER CLAIMS SUCCESS: FEWER PEOPLE SEARCHING 'ECONOMIC DEPRESSION'
ON GOOGLE BECAUSE EXPERIENCING IT FIRST-HAND THEY ALREADY KNOW WHAT ECONOMIC
DEPRESSION IS... What
Economy? There’s Nothing Left to Recover There is no economy left to recover. The US manufacturing economy
was lost to offshoring and free trade ideology. It was replaced by a mythical
“New Economy “ ; less bad, not as bad as expected…riiiiight!, tarp money
for the commission frauds on wall street in new manufactured bubble as
actual/real manufacturing down again; consumer confidence down,
commercial loans begin default phase of downturn, 6.9 million continuing
unemployment claims for new record; retail sales down sharply
Economist:
FDIC gearing up for bank closures Goldman Sachs Admits Its Software Can “Manipulate Markets
in Unfair Ways and fraudulently generate commissions /trade volume” Max Keiser: Goldman Sachs gang
are ’scum’ who have co-opted U.S. gov’t You Tube | Goldman Sachs are scum– that’s the bottom line.
They have co-opted the government, the Treasury Department and the Federal
Reserve’s functionality. They’ve co-opted the Obama administration & Barack
Obama dances to Goldman Sachs’ tune. True unemployment rate already at 20% This Depression
Will Last For Years Wyoming sees
first bank failure since 1991 China
criticizes dollar AIG Preparing to Pay New
Round of Bonuses... While Talking About Keynesian Stimulus, Feds Are Really
Just Giving Money to the Big Frauds
FDIC
Insurance Fund: It Doesn’t Actually Exist Replacing the dollar as reserve currency US loses 467,000 jobs, unemployment at 9.5% 'We're in the Middle of a Crash': Black Swan... Economic
Expectations – Unemployment Rate Will Reach 15% David Tice: We are going into a depression-15%
unemployment or more on horizon. U.S. consumers fall behind on loans at
record pace FBI: Mortgage
fraud 'rampant' and growing... Celente and Schiff
Predict Food Panic This Year. Watch clips HERE. Fema Camps Built. Wall Street hits 10-week low amid talk of new
stimulus (7-2)Seven more banks fail,
bringing 2009 tally to more than double all of 2008 at a total thus far of 52;
Private sector sheds another 473,000 jobs in June... US lurching towards ‘debt
explosion’ with long-term interest rates on course to double Jim Rogers Sells Dollars, Plans
to Short Treasuries ‘Sucker’s Rally Beginning To Unwind’ daaaah…? Calls grow to supplant dollar as global currency China officials
call for displacing dollar, in time Tracking Two
Depressions, 1929 and now this Mortgage applications fall to 7-month low... Private
sector sheds another 473,000 jobs in June... 'Layoffs may be worsening'... AIG shares drop
after 1-for-20 reverse-stock split (AP) Manhattan
apartment prices skid 13 to 19 percent Job
losses / job concerns realistically weigh on confidence, real estate
values/prices continue downward trend as per Case / Shiller Index (-18.1%, -21%
in california) Consumer
confidence suffers steep fall... Home prices post 18% annual
drop... Worldwide Depression: Review of Global Markets . Four banks
fail, bringing 2009 tally to 19 more than all of 2008 at a total thus far of 44 Dollar Falls Most in Month as China Urges New Reserve
Currency Gerald Celente speaks on Cap and Trade and other handicaps
to the US economy HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH
CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT ONE
PROSECUTION IN THE MOST RECENT MASSIVE
SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS
WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK
MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T),
CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH
THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD
IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE,
RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED
SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS
ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC!
… THAT MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS,
… NOT OUT OF THIN AIR! ] TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP
SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , personal
income up modest .2% and spending down, China calls for new reserve currency to
supplant worthless dollar Dollar
And Stocks Drop As China Calls For New Global Currency , continuing
unemployment claims at or near record 627,000, weekly unemployment claims up
15,000, and GDP contraction –5.5%, all worse than expected (lennar wider than
expected quarterly loss rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing words/b.s. from fed which
previously predicted no recession that economy still contracting but that the
contraction is somewhat slowing…what b**l s**t!…, analysts- buffet/economy in
shambles, Hogan/negative GDP growth and inflation owing to debasement of the
dollar as well as deficit spending/pump-priming in the trillions, joker
stein/economy a mess and continued job losses, new home sales down .6%; U.S. Home Prices Drop 6.8
Percent in April as Foreclosures Rise foreclosure sales
up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their
40th bank of the year , Next
Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9%
and big difference between not getting worse and getting better, market got
ahead of itself, stalled out, still depression/more job losses, higher oil-gas
prices / higher interest rates / heavy debt to pare down is 1-3 year drag on
economy, even if believed (I don’t) the labor dept. far better than expected
job numbers by increased debt (spending) to produce same is not economically
sound or sustainable, viz., record spending with record low revenues, rating
cuts for bank sector, analysts concur in significant 5-15% (reality says
15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down
1.1%, housing starts allegedly up but if believed will only increase the
plethora of unsold inventories, empire manufacturing index suffers unexpectedly
severe decline…daaaah!, credit dard defaults at record high, analysts concur
that fundamentals don’t support stock rally and that pac money(defacto bribes)
might derail any meaningful reform/regulation which is of concern to the frauds
on wall street who should be prosecuted, record loss of wealth, higher gas
prices, job losses, higher interest rates / yields, higher commodity prices,
higher deficits, hyperinflation, record continuing unemployment claims at 6.8
million, worthless Weimar dollar crashing,
money supply exploding with hyperinflation/higher interest rates coming,
budget deficit at new highs and trade deficit worse than expected, analyst who
called crash says inflationary depression, banks passed stress tests only with
the help of fraudulent change in accounting rules, banks still insolvent, toxic
assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end
of year, Obama/bernanke continuing failed policies of bush greenspan,
recommends getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not
Over” 6/9/2009 Markets See a Breakdown in
Technical Support Levels Roubini: USA sees
double-dip recession... Jobless claims rise; GDP dips in 1Q Bernanke faces GOP-led (who are they
kidding-bushies/paulsen went so far as threaten martial law- prosecute now!
They continue to allow the wall street fraud and political theater doesn’t
change their complicity) heat on BofA-Merrill deal Fed Tried to Cover-up Its
Involvement in Bank of America-Merrill Deal U.S. Economy: Jobless Claims
Rise in Sign Labor Market Stagnant Dollar
drops on reserve currency doubts China sells US
bonds to ’show concern’ BRICs May Buy
Each Other’s Bonds in Shift From Dollar China’s holding of US bonds
drops first time in 11 months Russia to Raise Reserve
Currency Issue at BRIC International
Demand for Worthless U.S. Assets Slowed in April IMF says worst not over Senator cashed out during big
stock collapse -- after meeting with Fed, Treasury chiefs! America's AAA
downgrade danger...
Treasury
faces pressure on price of TARP exit A depression so deep even
teen shoppers scrimp US cities may have to be bulldozed in order to survive 1st quarter
wiped out $1.3 trillion for Americans Get Ready for Inflation and
Higher Interest Rates Oil prices near $73 as
energy rally continues Fed Would Be Shut Down If It
Were Audited Fed says
economy weak, but sees signs the slide increasing Mounting
deficits spark jitters about U.S. economy Wall Street falls as
realities dent recovery hopes
Bonds fall on
worries about government's debt load (AP) Oil prices
strike new high for 2009 (AP) The depression quietly deepens
CHINA
AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes,
We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake government job loss report near 40%
better than private forecasts…I don’t think so!…9.4% unemployment rate…try well
over 10% and with stopped looking included over 20% , Jim
Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now China explores
buying $50bn in IMF bonds US retailers
report May sales declines Tiny
Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector
job losses/factory orders worse than expected, new record continuing
unemployment claims, bernanke spend more money you don’t have but cut
debilitating deficit…riiiiight…sounds like a plan with more job losses to come,
etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As
the Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD
$63.8 TRILLION... The Big Collapse
Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record
decline in real estate prices, $80+ oil
coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
, world economy to shrink by worse than
previously predicted 2.9% and big difference between not getting worse and
getting better, leading
indicators up far more than expected … bull s**t …based in large part on
inflated stock price component … more bull s**t … new
reform with same old frauds say increased capital requirements and oversight of
the overseers/rating agencies (riiiiight!…same old,same old - already have but
no will to enforce existing laws, etc.), analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets Insiders Exit Shares at the
Fastest Pace in Two Years BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... The Next Bubble Is Here. Have You Bought In? Here
we go again! Barney Frank asks FANNIE and FREDDIE to relax Mortgage lending
rules... Fed Tried to Cover-up Its Involvement in Bank of America-Merrill
Deal Dollar
And Stocks Drop As China Calls For New Global Currency Citigroup
Ordered to Suspend Some Operations in Japan Bernanke
Grilling May Weaken Case for Fed as Risk Regulator Citi boosting salaries to offset lower bonuses,
allegedly to retain the clowns who helped make them taxpayer dependant and
cause the current debacle; how ‘bout firing them instead and offering
opportunity to the new, particularly non-ivy league vegetable garden grads [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. Home Prices Drop 6.8 Percent
in April as Foreclosures Rise [$$] Red Roof Inn Defaults on Mortgage Debt (at The
Wall Street Journal Online)
MySpace to cut two-thirds of global
workforce GM to cut 4,000 more white-collar jobs
by year end Oracle tops forecasts despite sales,
profit dip; stated another way, bad news will be shilled as good news (AP) California
Collapsing Bankster “Holiday” Planned for
September? Recession Sparking Global Unrest
Is Your Portfolio Ready for the Next
Leg Down? S&P turns negative for year in
broad sell-off (Reuters) Goldman Sachs on pace for record bonuses: report
(Reuters) Numbers On Welfare See Sharp
Increase Top Insiders Playing You For A
Sucker? The death of the dollar. Who
could deny it? Stanford indicted in massive
U.S. fraud case which is small potatoes compared to ubiquitously massive wall
street securities fraud which caused the ongoing financial debacle Venture
Capital Bubble Set to Burst, Kedrosky Says Obama Plans to Cut Bank
Regulators, Allow Fed to Supervise Financial Holding Companies – The old fox
guarding the henhouse tricks Federal Reserve unwisely to
gain power under plan Federal Reserve Foolishly
To
Be Given Sweeping New Powers Yen Strengthens Most in Month
as Asian Stocks Drop, Gold Gains RUSSIA
CHALLENGES WORTHLESS DOLLAR... AIG says former
top exec plundered retirement plan [video] The Too-Big-to-Fail
Problem [6.8 min] (at MarketWatch) [$$] Too Big to
Solve? (at The Wall Street Journal Online) Buy and Hold Is
Dead. Long Live Buy and Hold! Financial Bailout Plan Keeps
Zombie Banks Alive Bernanke then as now in denial
about looming crisis 2005-2007 Retail sales,
drop in jobless claims to a very high even if believed 601,000 yielding record
continuing claims of 6.8 million fuel hope…if you’re a dope Lawmakers
blast Fed, Treasury for BofA "threats" Oil climbs over $73 on
hopes for rising demand U.S. Household
Worth Fell by $1.3 Trillion in First Quarter Predictions of $250
a barrel on oil ECB Fears Reality
of Banking Crisis in 2010: Report Get Ready for Inflation and
Higher Interest Rates Bill To Audit Federal Reserve
Now Has 209 Co-Sponsors Russia May Swap Some U.S. Treasuries
for IMF Debt Fed report shows losses on Bear Stearns, AIG holdings Congress subpoenas the Fed ... Finally!
(AP) Brazil in recession, recovery unlikely this year What a “Jobless Recovery”
Really Means: A Massive Redistribution of Wealth from the Little Guy to the Big
Boys Obama
Tells American Businesses to Drop Dead America’s Fed Addiction “87
Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are Unsafe” Fed Said to
Retreat From Seeking Power to Sell Its Own Debt/Bills WIRE:
Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory
Loss
Obama’s economic model versus
reality Reality
bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government
reports better than private estimates…riiiiight! President
of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now Benefit spending
soars to new high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC:
OIL COULD REACH $90... ----- Existing home
foreclosure sales up, and no profit discount car sales better than
expected Diluting like crazy through new stock
bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
(7-27-09) Dow
9,108 +15 To stamp out fraud, no change from
suckers’ rally worth reporting for second, third, fourth weeks of March and
April -436 for the first week of
March -12% for the month of February -8.8% (-775) for the
month of January -1% for fourth week of
January -2.5% for third week of January -4% for second week of January -5% for first full week of
January -34% for the year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,965 +1 To stamp out fraud, no change from
suckers’ rally worth reporting for second, third, fourth weeks of March and April -84 for
the first week of March -7% for the month of
February -6.4% (-101) for the month of
January -1% for fourth week of January
-3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P
500 979 +3 To stamp out fraud, no change from suckers’ rally worth
reporting for second, third, fourth weeks of March and April -52 for
the first week of March -11% for the month of
February -8.6%
(-75) for the month of January -1% for fourth
week of January -2.3% for third week of January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $68.38
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.56 (reg. gas in LAND
OF FRUITS AND NUTS $2.86 REG./ $3.08
MID-GRADE/ $3.20PREM./ $2.83 DIESEL)/
GOLD $953 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $13.98
PLATINUM $1,222 / DOLLAR= .70 EURO, 93 YEN, .60 POUND STERLING, ETC. (How low
can you go - LOWER)/ 10 YR NOTE YIELD 3.72% …..… AP Business Highlights … ...Yahoo Market Update... ] YAHOO
- BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Must Read
Economic/Financial Data ABSOLUTELY, ABSURDLY,
RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN IN THIS UNIQUELY PREPOSTEROUS AND
FRAUDULENT ENVIRONMENT! CONTINUED PROGRAMMED SUCKERS’ RALLY INTO LAST MINUTES
OF CLOSE ON NOTHING REAL OR POSITIVE AT ALL (IE., STILL NO PROSECUTIONS OF THE
FRAUDS ON WALL STREET SO JUST ANOTHER BUILT-IN COST BY CHURN-AND-EARN
COMMISSIONS TO, DEFACTO TAX ON NON-PERFORMING / DECLINING ECONOMY, CONFIDENCE
REALISTICALLY DOWN, CORRUPT COMMERCE DEPARTMENT CHIMES IN WITH FAKE NUMBERS,
USED HOME SALES UP WITH DEFAULTS/ SHORT SALES, JOB LOSSES UP, BETTER THAN
EXPECTED MANTRA, GUIDANCE THAT DEFIES REALITY BY A LONG SHOT AS IN LAST
COMMISSIONABLE BUBBLE BUST, JOB/COST CUTS TO BONE, ETC.) ( Max
Keiser: Goldman Sachs Are “Scum,” “Financial Terrorists” Bank profits not as impressive as they seem
when you take into account TARP funding, changed accounting rules to fudge
books, new stock issues, etc… um Cost
Of Bailout Hits A Whopping $24 Trillion Dollars Stearns Crucifies Paulson On Bailout Bait And Switch
Fiscal ruin of the Western world beckons Foreign Embassies Urged to Stockpile Local Currencies
Bailout
Overseer Says Banks Misused TARP Funds Regulators shut banks in Calif., Ga. and SD ) TO KEEP
SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly Corporate
Media Spotlights Distortion of Market by High Frequency Trading [$$] Big Pay
Packages Return to Wall Street as new fraud gains steam (at The Wall Street
Journal Online) Max Keiser: Goldman Sachs
gang are ’scum’ who have co-opted U.S. gov’t Max
Keiser: Goldman Sachs Are “Scum,” “Financial Terrorists” Max Keiser goes on the offensive during an
appearance on France 24 as he slams Goldman Sachs as “scum” and “financial
terrorists” who should be thrown in jail.
‘Printing
money will lead to serious problems down the road,’ says Jim Rogers Spitzer: Federal Reserve is ‘a
Ponzi scheme, an inside job’ ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... Scams
And Bailouts The Cause of World Depression Six Georgia banks
fail, bringing year tally to 64.... Rally may cool on earnings reality check Dollar Falls to Near 2009 Low as Economy Pares Refuge
Demand Ben
Bernanke Was Wrong Wall
Street’s Love Affair with Ben Bernanke Mike Whitney | bernanke knows that the country is in a Depression
Scams
And Bailouts The Cause of World Depression New US weekly jobless claims jump Its Official: U.S. Trapped in an Extended Depressionary
Cycle MICROSOFT Profit Drops 29% as
PC Slowdown Weighs on Revenue… they haven’t availed themselves of the fake
assets/books legislation recently passed... AMAZON.COM Profit
Drops 10%... Bernanke:
“I Don’t Know” Which Foreign Banks Were Given Half a Trillion Paul Joseph Watson Grayson grills Fed chairman on destination of credit
swaps. Fed:
unemployment will top 10 percent this year... Foreclosures (those increased home
sales that has been fueling suckers’ rally)
rise 15 percent in first half of 2009 (7-17) Three more banks
fail, bringing 2009 tally to more than double all of 2008 at a total thus far
of 57 Lower Markets on the Horizon Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly The Ultimate Insider Trading Scheme Max Keiser: Goldman Sachs
gang are ’scum’ who have co-opted U.S. gov’t Cost
Of Bailout Hits A Whopping $24 Trillion Dollars Stearns Crucifies Paulson On Bailout Bait And Switch
Fiscal ruin of the Western world beckons Foreign Embassies Urged to Stockpile Local Currencies
Bailout
Overseer Says Banks Misused TARP Funds TARP watchdog says Treasury lacking bank data Goldman Sachs
caused the problems in the first
place… Who can deny that? Budget deficit tops $1 trillion for first time
(AP) CIT Watch: Analysts Says Debt Load Isn't the
Only Problem Geithner Refuses to Rule Out
Continuing Using American Taxpayer as Piggy Bank for Derivatives Losses
WHITE
HOUSE ECON ADVISER CLAIMS SUCCESS: FEWER PEOPLE SEARCHING 'ECONOMIC DEPRESSION'
ON GOOGLE BECAUSE EXPERIENCING IT FIRST-HAND THEY ALREADY KNOW WHAT ECONOMIC
DEPRESSION IS... What
Economy? There’s Nothing Left to Recover There is no economy left to recover. The US manufacturing economy
was lost to offshoring and free trade ideology. It was replaced by a mythical
“New Economy “ ; less bad, not as bad as expected…riiiiight!, tarp money
for the commission frauds on wall street in new manufactured bubble as
actual/real manufacturing down again; consumer confidence down,
commercial loans begin default phase of downturn, 6.9 million continuing
unemployment claims for new record; retail sales down sharply
Economist:
FDIC gearing up for bank closures Goldman Sachs Admits Its Software Can “Manipulate Markets
in Unfair Ways and fraudulently generate commissions /trade volume” Max Keiser: Goldman Sachs gang
are ’scum’ who have co-opted U.S. gov’t You Tube | Goldman Sachs are scum– that’s the bottom line.
They have co-opted the government, the Treasury Department and the Federal
Reserve’s functionality. They’ve co-opted the Obama administration & Barack
Obama dances to Goldman Sachs’ tune. True unemployment rate already at 20% This Depression
Will Last For Years Wyoming sees
first bank failure since 1991 China
criticizes dollar AIG Preparing to Pay New
Round of Bonuses... While Talking About Keynesian Stimulus, Feds Are Really
Just Giving Money to the Big Frauds
FDIC
Insurance Fund: It Doesn’t Actually Exist Replacing the dollar as reserve currency US loses 467,000 jobs, unemployment at 9.5% 'We're in the Middle of a Crash': Black Swan... Economic
Expectations – Unemployment Rate Will Reach 15% David Tice: We are going into a depression-15%
unemployment or more on horizon. U.S. consumers fall behind on loans at
record pace FBI: Mortgage
fraud 'rampant' and growing... Celente and Schiff
Predict Food Panic This Year. Watch clips HERE. Fema Camps Built. Wall Street hits 10-week low amid talk of new
stimulus (7-2)Seven more banks fail,
bringing 2009 tally to more than double all of 2008 at a total thus far of 52;
Private sector sheds another 473,000 jobs in June... US lurching towards ‘debt
explosion’ with long-term interest rates on course to double Jim Rogers Sells Dollars, Plans
to Short Treasuries ‘Sucker’s Rally Beginning To Unwind’ daaaah…? Calls grow to supplant dollar as global currency China officials
call for displacing dollar, in time Tracking Two
Depressions, 1929 and now this Mortgage applications fall to 7-month low... Private
sector sheds another 473,000 jobs in June... 'Layoffs may be worsening'... AIG shares drop
after 1-for-20 reverse-stock split (AP) Manhattan
apartment prices skid 13 to 19 percent Job
losses / job concerns realistically weigh on confidence, real estate
values/prices continue downward trend as per Case / Shiller Index (-18.1%, -21%
in california) Consumer
confidence suffers steep fall... Home prices post 18% annual
drop... Worldwide Depression: Review of Global Markets . Four banks
fail, bringing 2009 tally to 19 more than all of 2008 at a total thus far of 44 Dollar Falls Most in Month as China Urges New Reserve
Currency Gerald Celente speaks on Cap and Trade and other handicaps
to the US economy HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH
CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT ONE
PROSECUTION IN THE MOST RECENT MASSIVE
SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS
WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK
MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T),
CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH
THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD
IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE,
RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED SECURITIES
/PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS ARE GETTING
LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC! … THAT
MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS, … NOT
OUT OF THIN AIR! ] TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP SUCKERS
SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , personal
income up modest .2% and spending down, China calls for new reserve currency to
supplant worthless dollar Dollar
And Stocks Drop As China Calls For New Global Currency , continuing
unemployment claims at or near record 627,000, weekly unemployment claims up
15,000, and GDP contraction –5.5%, all worse than expected (lennar wider than
expected quarterly loss rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing words/b.s. from fed which
previously predicted no recession that economy still contracting but that the
contraction is somewhat slowing…what b**l s**t!…, analysts- buffet/economy in
shambles, Hogan/negative GDP growth and inflation owing to debasement of the
dollar as well as deficit spending/pump-priming in the trillions, joker
stein/economy a mess and continued job losses, new home sales down .6%; U.S. Home Prices Drop 6.8
Percent in April as Foreclosures Rise foreclosure sales
up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their
40th bank of the year , Next
Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9%
and big difference between not getting worse and getting better, market got
ahead of itself, stalled out, still depression/more job losses, higher oil-gas
prices / higher interest rates / heavy debt to pare down is 1-3 year drag on
economy, even if believed (I don’t) the labor dept. far better than expected
job numbers by increased debt (spending) to produce same is not economically
sound or sustainable, viz., record spending with record low revenues, rating
cuts for bank sector, analysts concur in significant 5-15% (reality says
15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down
1.1%, housing starts allegedly up but if believed will only increase the
plethora of unsold inventories, empire manufacturing index suffers unexpectedly
severe decline…daaaah!, credit dard defaults at record high, analysts concur
that fundamentals don’t support stock rally and that pac money(defacto bribes)
might derail any meaningful reform/regulation which is of concern to the frauds
on wall street who should be prosecuted, record loss of wealth, higher gas
prices, job losses, higher interest rates / yields, higher commodity prices,
higher deficits, hyperinflation, record continuing unemployment claims at 6.8
million, worthless Weimar dollar crashing,
money supply exploding with hyperinflation/higher interest rates coming,
budget deficit at new highs and trade deficit worse than expected, analyst who
called crash says inflationary depression, banks passed stress tests only with
the help of fraudulent change in accounting rules, banks still insolvent, toxic
assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end
of year, Obama/bernanke continuing failed policies of bush greenspan,
recommends getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not
Over” 6/9/2009 Markets See a Breakdown in
Technical Support Levels Roubini: USA sees
double-dip recession... Jobless claims rise; GDP dips in 1Q Bernanke faces GOP-led (who are they
kidding-bushies/paulsen went so far as threaten martial law- prosecute now!
They continue to allow the wall street fraud and political theater doesn’t
change their complicity) heat on BofA-Merrill deal Fed Tried to Cover-up Its
Involvement in Bank of America-Merrill Deal U.S. Economy: Jobless Claims
Rise in Sign Labor Market Stagnant Dollar
drops on reserve currency doubts China sells US
bonds to ’show concern’ BRICs May Buy
Each Other’s Bonds in Shift From Dollar China’s holding of US bonds
drops first time in 11 months Russia to Raise Reserve
Currency Issue at BRIC International
Demand for Worthless U.S. Assets Slowed in April IMF says worst not over Senator cashed out during big
stock collapse -- after meeting with Fed, Treasury chiefs! America's AAA
downgrade danger...
Treasury
faces pressure on price of TARP exit A depression so deep even
teen shoppers scrimp US cities may have to be bulldozed in order to survive 1st quarter
wiped out $1.3 trillion for Americans Get Ready for Inflation and
Higher Interest Rates Oil prices near $73 as
energy rally continues Fed Would Be Shut Down If It
Were Audited Fed says
economy weak, but sees signs the slide increasing Mounting
deficits spark jitters about U.S. economy Wall Street falls as
realities dent recovery hopes
Bonds fall on
worries about government's debt load (AP) Oil prices
strike new high for 2009 (AP) The depression quietly deepens
CHINA
AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes,
We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake government job loss report near 40%
better than private forecasts…I don’t think so!…9.4% unemployment rate…try well
over 10% and with stopped looking included over 20% , Jim
Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now China explores
buying $50bn in IMF bonds US retailers
report May sales declines Tiny
Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector
job losses/factory orders worse than expected, new record continuing
unemployment claims, bernanke spend more money you don’t have but cut
debilitating deficit…riiiiight…sounds like a plan with more job losses to come,
etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As
the Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD
$63.8 TRILLION... The Big Collapse
Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record decline
in real estate prices, $80+ oil
coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
, world economy to shrink by worse than
previously predicted 2.9% and big difference between not getting worse and
getting better, leading
indicators up far more than expected … bull s**t …based in large part on
inflated stock price component … more bull s**t … new
reform with same old frauds say increased capital requirements and oversight of
the overseers/rating agencies (riiiiight!…same old,same old - already have but
no will to enforce existing laws, etc.), analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets Insiders Exit Shares at the Fastest
Pace in Two Years BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... The Next Bubble Is Here. Have You Bought In? Here
we go again! Barney Frank asks FANNIE and FREDDIE to relax Mortgage lending
rules... Fed Tried to Cover-up Its Involvement in Bank of America-Merrill
Deal Dollar
And Stocks Drop As China Calls For New Global Currency Citigroup
Ordered to Suspend Some Operations in Japan Bernanke
Grilling May Weaken Case for Fed as Risk Regulator Citi boosting salaries to offset lower bonuses,
allegedly to retain the clowns who helped make them taxpayer dependant and
cause the current debacle; how ‘bout firing them instead and offering
opportunity to the new, particularly non-ivy league vegetable garden grads [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. Home Prices Drop 6.8 Percent
in April as Foreclosures Rise [$$] Red Roof Inn Defaults on Mortgage Debt (at The
Wall Street Journal Online)
MySpace to cut two-thirds of global workforce GM to cut 4,000 more white-collar jobs
by year end Oracle tops forecasts despite sales, profit
dip; stated another way, bad news will be shilled as good news (AP) California
Collapsing Bankster “Holiday” Planned for
September? Recession Sparking Global Unrest
Is Your Portfolio Ready for the Next
Leg Down? S&P turns negative for year in
broad sell-off (Reuters) Goldman Sachs on pace for record bonuses: report
(Reuters) Numbers On Welfare See Sharp
Increase Top Insiders Playing You For A
Sucker? The death of the dollar. Who
could deny it? Stanford indicted in
massive U.S. fraud case which is small potatoes compared to ubiquitously
massive wall street securities fraud which caused the ongoing financial debacle Venture Capital
Bubble Set to Burst, Kedrosky Says Obama Plans to Cut Bank
Regulators, Allow Fed to Supervise Financial Holding Companies – The old fox
guarding the henhouse tricks Federal Reserve unwisely to
gain power under plan Federal Reserve Foolishly
To
Be Given Sweeping New Powers Yen Strengthens Most in Month
as Asian Stocks Drop, Gold Gains RUSSIA
CHALLENGES WORTHLESS DOLLAR... AIG says former
top exec plundered retirement plan [video] The Too-Big-to-Fail
Problem [6.8 min] (at MarketWatch) [$$] Too Big to
Solve? (at The Wall Street Journal Online) Buy and Hold Is
Dead. Long Live Buy and Hold! Financial Bailout Plan Keeps
Zombie Banks Alive Bernanke then as now in denial
about looming crisis 2005-2007 Retail sales,
drop in jobless claims to a very high even if believed 601,000 yielding record
continuing claims of 6.8 million fuel hope…if you’re a dope Lawmakers
blast Fed, Treasury for BofA "threats" Oil climbs over $73 on
hopes for rising demand U.S. Household
Worth Fell by $1.3 Trillion in First Quarter Predictions of $250
a barrel on oil ECB Fears Reality
of Banking Crisis in 2010: Report Get Ready for Inflation and
Higher Interest Rates Bill To Audit Federal Reserve
Now Has 209 Co-Sponsors Russia May Swap Some U.S.
Treasuries for IMF Debt Fed report shows losses on Bear Stearns, AIG holdings Congress subpoenas the Fed ... Finally!
(AP) Brazil in recession, recovery unlikely this year What a “Jobless Recovery”
Really Means: A Massive Redistribution of Wealth from the Little Guy to the Big
Boys Obama
Tells American Businesses to Drop Dead America’s Fed Addiction “87
Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are Unsafe” Fed Said to
Retreat From Seeking Power to Sell Its Own Debt/Bills WIRE:
Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory
Loss
Obama’s economic model versus
reality Reality
bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government
reports better than private estimates…riiiiight! President
of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now Benefit spending
soars to new high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC:
OIL COULD REACH $90... ----- Existing home
foreclosure sales up, and no profit discount car sales better than
expected Diluting like crazy through new stock
bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
(7-24-09) Dow
9,093 +23 To stamp out fraud, no change from
suckers’ rally worth reporting for second, third, fourth weeks of March and
April -436 for the first week of
March -12% for the month of February -8.8% (-775) for the
month of January -1% for fourth week of
January -2.5% for third week of January -4% for second week of January -5% for first full week of
January -34% for the year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,965 –8 To stamp out fraud, no change from
suckers’ rally worth reporting for second, third, fourth weeks of March and April -84 for
the first week of March -7% for the month of
February -6.4% (-101) for the month of
January -1% for fourth week of January
-3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P
500 979 +2 To stamp out fraud, no change from suckers’ rally worth
reporting for second, third, fourth weeks of March and April -52 for
the first week of March -11% for the month of
February -8.6%
(-75) for the month of January -1% for
fourth week of January -2.3% for third week of
January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $68.05
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.56 (reg. gas in LAND
OF FRUITS AND NUTS $2.86 REG./ $3.08
MID-GRADE/ $3.20PREM./ $2.83 DIESEL)/
GOLD $953 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $13.88
PLATINUM $1,193 / DOLLAR= .70 EURO, 93 YEN, .60 POUND STERLING, ETC. (How low
can you go - LOWER)/ 10 YR NOTE YIELD 3.65% …..… AP Business Highlights … ...Yahoo Market Update... ] YAHOO
- BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Must Read
Economic/Financial Data ABSOLUTELY, ABSURDLY,
RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN IN THIS UNIQUELY PREPOSTEROUS AND
FRAUDULENT ENVIRONMENT! CONTINUED PROGRAMMED SUCKERS’ RALLY ON NOTHING REAL OR
POSITIVE AT ALL (IE., STILL NO PROSECUTIONS OF THE FRAUDS ON WALL STREET SO
JUST ANOTHER BUILT-IN COST BY CHURN-AND-EARN COMMISSIONS TO, DEFACTO TAX ON
NON-PERFORMING / DECLINING ECONOMY, CONFIDENCE REALISTICALLY DOWN, USED HOME
SALES UP WITH DEFAULTS/ SHORT SALES, JOB LOSSES UP, BETTER THAN EXPECTED
MANTRA, GUIDANCE THAT DEFIES REALITY BY A LONG SHOT AS IN LAST COMMISSIONABLE
BUBBLE BUST, JOB/COST CUTS TO BONE, ETC.) (
Max
Keiser: Goldman Sachs Are “Scum,” “Financial Terrorists” Bank profits not as impressive as they seem
when you take into account TARP funding, changed accounting rules to fudge
books, new stock issues, etc… um Cost
Of Bailout Hits A Whopping $24 Trillion Dollars Stearns Crucifies Paulson On Bailout Bait And Switch
Fiscal ruin of the Western world beckons Foreign Embassies Urged to Stockpile Local Currencies
Bailout
Overseer Says Banks Misused TARP Funds Regulators shut banks in Calif., Ga. and SD ) TO KEEP
SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly Corporate
Media Spotlights Distortion of Market by High Frequency Trading [$$] Big Pay
Packages Return to Wall Street as new fraud gains steam (at The Wall Street
Journal Online) Max Keiser: Goldman Sachs
gang are ’scum’ who have co-opted U.S. gov’t Max
Keiser: Goldman Sachs Are “Scum,” “Financial Terrorists” Max Keiser goes on the offensive during an
appearance on France 24 as he slams Goldman Sachs as “scum” and “financial
terrorists” who should be thrown in jail.
‘Printing
money will lead to serious problems down the road,’ says Jim Rogers ] BASED ON
CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... Scams
And Bailouts The Cause of World Depression Six Georgia banks
fail, bringing year tally to 64.... Rally may cool on earnings reality check Ben
Bernanke Was Wrong Wall
Street’s Love Affair with Ben Bernanke Mike Whitney | bernanke knows that the country is in a Depression
Scams
And Bailouts The Cause of World Depression New US weekly jobless claims jump Its Official: U.S. Trapped in an Extended Depressionary
Cycle MICROSOFT Profit Drops 29% as
PC Slowdown Weighs on Revenue… they haven’t availed themselves of the fake
assets/books legislation recently passed... AMAZON.COM Profit
Drops 10%... Bernanke:
“I Don’t Know” Which Foreign Banks Were Given Half a Trillion Paul Joseph Watson Grayson grills Fed chairman on destination of credit
swaps. Fed:
unemployment will top 10 percent this year... Foreclosures (those increased home
sales that has been fueling suckers’ rally)
rise 15 percent in first half of 2009 (7-17) Three more banks
fail, bringing 2009 tally to more than double all of 2008 at a total thus far
of 57 Lower Markets on the Horizon Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly The Ultimate Insider Trading Scheme Max Keiser: Goldman Sachs
gang are ’scum’ who have co-opted U.S. gov’t Cost
Of Bailout Hits A Whopping $24 Trillion Dollars Stearns Crucifies Paulson On Bailout Bait And Switch
Fiscal ruin of the Western world beckons Foreign Embassies Urged to Stockpile Local Currencies
Bailout
Overseer Says Banks Misused TARP Funds TARP watchdog says Treasury lacking bank data Goldman Sachs
caused the problems in the first
place… Who can deny that? Budget deficit tops $1 trillion for first time
(AP) CIT Watch: Analysts Says Debt Load Isn't the
Only Problem Geithner Refuses to Rule Out
Continuing Using American Taxpayer as Piggy Bank for Derivatives Losses
WHITE
HOUSE ECON ADVISER CLAIMS SUCCESS: FEWER PEOPLE SEARCHING 'ECONOMIC DEPRESSION'
ON GOOGLE BECAUSE EXPERIENCING IT FIRST-HAND THEY ALREADY KNOW WHAT ECONOMIC
DEPRESSION IS... What
Economy? There’s Nothing Left to Recover There is no economy left to recover. The US manufacturing economy
was lost to offshoring and free trade ideology. It was replaced by a mythical
“New Economy “ ; less bad, not as bad as expected…riiiiight!, tarp money
for the commission frauds on wall street in new manufactured bubble as
actual/real manufacturing down again; consumer confidence down,
commercial loans begin default phase of downturn, 6.9 million continuing
unemployment claims for new record; retail sales down sharply
Economist:
FDIC gearing up for bank closures Goldman Sachs Admits Its Software Can “Manipulate Markets
in Unfair Ways and fraudulently generate commissions /trade volume” Max Keiser: Goldman Sachs gang
are ’scum’ who have co-opted U.S. gov’t You Tube | Goldman Sachs are scum– that’s the bottom line.
They have co-opted the government, the Treasury Department and the Federal
Reserve’s functionality. They’ve co-opted the Obama administration & Barack
Obama dances to Goldman Sachs’ tune. True unemployment rate already at 20% This Depression
Will Last For Years Wyoming sees
first bank failure since 1991 China
criticizes dollar AIG Preparing to Pay New
Round of Bonuses... While Talking About Keynesian Stimulus, Feds Are Really
Just Giving Money to the Big Frauds
FDIC
Insurance Fund: It Doesn’t Actually Exist Replacing the dollar as reserve currency US loses 467,000 jobs, unemployment at 9.5% 'We're in the Middle of a Crash': Black Swan... Economic
Expectations – Unemployment Rate Will Reach 15% David Tice: We are going into a depression-15%
unemployment or more on horizon. U.S. consumers fall behind on loans at
record pace FBI: Mortgage
fraud 'rampant' and growing... Celente and Schiff
Predict Food Panic This Year. Watch clips HERE. Fema Camps Built. Wall Street hits 10-week low amid talk of new
stimulus (7-2)Seven more banks fail,
bringing 2009 tally to more than double all of 2008 at a total thus far of 52;
Private sector sheds another 473,000 jobs in June... US lurching towards ‘debt
explosion’ with long-term interest rates on course to double Jim Rogers Sells Dollars, Plans
to Short Treasuries ‘Sucker’s Rally Beginning To Unwind’ daaaah…? Calls grow to supplant dollar as global currency China officials
call for displacing dollar, in time Tracking Two
Depressions, 1929 and now this Mortgage applications fall to 7-month low... Private
sector sheds another 473,000 jobs in June... 'Layoffs may be worsening'... AIG shares drop
after 1-for-20 reverse-stock split (AP) Manhattan
apartment prices skid 13 to 19 percent Job
losses / job concerns realistically weigh on confidence, real estate
values/prices continue downward trend as per Case / Shiller Index (-18.1%, -21%
in california) Consumer confidence
suffers steep fall... Home prices post 18% annual
drop... Worldwide Depression: Review of Global Markets . Four banks
fail, bringing 2009 tally to 19 more than all of 2008 at a total thus far of 44 Dollar Falls Most in Month as China Urges New Reserve
Currency Gerald Celente speaks on Cap and Trade and other handicaps
to the US economy HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH
CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT ONE
PROSECUTION IN THE MOST RECENT MASSIVE
SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS
WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK
MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T),
CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH
THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD
IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE,
RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED
SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS
ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC!
… THAT MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS,
… NOT OUT OF THIN AIR! ] TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP
SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , personal
income up modest .2% and spending down, China calls for new reserve currency to
supplant worthless dollar Dollar
And Stocks Drop As China Calls For New Global Currency , continuing
unemployment claims at or near record 627,000, weekly unemployment claims up
15,000, and GDP contraction –5.5%, all worse than expected (lennar wider than
expected quarterly loss rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing words/b.s. from fed which
previously predicted no recession that economy still contracting but that the
contraction is somewhat slowing…what b**l s**t!…, analysts- buffet/economy in
shambles, Hogan/negative GDP growth and inflation owing to debasement of the
dollar as well as deficit spending/pump-priming in the trillions, joker stein/economy
a mess and continued job losses, new home sales down .6%; U.S. Home Prices Drop 6.8
Percent in April as Foreclosures Rise foreclosure sales
up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their
40th bank of the year , Next Major
Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9%
and big difference between not getting worse and getting better, market got
ahead of itself, stalled out, still depression/more job losses, higher oil-gas
prices / higher interest rates / heavy debt to pare down is 1-3 year drag on
economy, even if believed (I don’t) the labor dept. far better than expected
job numbers by increased debt (spending) to produce same is not economically
sound or sustainable, viz., record spending with record low revenues, rating
cuts for bank sector, analysts concur in significant 5-15% (reality says
15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down
1.1%, housing starts allegedly up but if believed will only increase the
plethora of unsold inventories, empire manufacturing index suffers unexpectedly
severe decline…daaaah!, credit dard defaults at record high, analysts concur
that fundamentals don’t support stock rally and that pac money(defacto bribes)
might derail any meaningful reform/regulation which is of concern to the frauds
on wall street who should be prosecuted, record loss of wealth, higher gas
prices, job losses, higher interest rates / yields, higher commodity prices,
higher deficits, hyperinflation, record continuing unemployment claims at 6.8
million, worthless Weimar dollar crashing,
money supply exploding with hyperinflation/higher interest rates coming,
budget deficit at new highs and trade deficit worse than expected, analyst who
called crash says inflationary depression, banks passed stress tests only with
the help of fraudulent change in accounting rules, banks still insolvent, toxic
assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end
of year, Obama/bernanke continuing failed policies of bush greenspan,
recommends getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not
Over” 6/9/2009 Markets See a Breakdown in
Technical Support Levels Roubini: USA sees
double-dip recession... Jobless claims rise; GDP dips in 1Q Bernanke faces GOP-led (who are they
kidding-bushies/paulsen went so far as threaten martial law- prosecute now!
They continue to allow the wall street fraud and political theater doesn’t
change their complicity) heat on BofA-Merrill deal Fed Tried to Cover-up Its
Involvement in Bank of America-Merrill Deal U.S. Economy: Jobless Claims
Rise in Sign Labor Market Stagnant Dollar
drops on reserve currency doubts China sells US
bonds to ’show concern’ BRICs May Buy
Each Other’s Bonds in Shift From Dollar China’s holding of US bonds
drops first time in 11 months Russia to Raise Reserve
Currency Issue at BRIC International
Demand for Worthless U.S. Assets Slowed in April IMF says worst not over Senator cashed out during big
stock collapse -- after meeting with Fed, Treasury chiefs! America's AAA
downgrade danger...
Treasury
faces pressure on price of TARP exit A depression so deep even
teen shoppers scrimp US cities may have to be bulldozed in order to survive 1st quarter
wiped out $1.3 trillion for Americans Get Ready for Inflation and
Higher Interest Rates Oil prices near $73 as
energy rally continues Fed Would Be Shut Down If It
Were Audited Fed says
economy weak, but sees signs the slide increasing Mounting
deficits spark jitters about U.S. economy Wall Street falls as
realities dent recovery hopes
Bonds fall on
worries about government's debt load (AP) Oil prices
strike new high for 2009 (AP) The depression quietly deepens
CHINA
AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes,
We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake government job loss report near 40%
better than private forecasts…I don’t think so!…9.4% unemployment rate…try well
over 10% and with stopped looking included over 20% , Jim
Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now China explores
buying $50bn in IMF bonds US retailers
report May sales declines Tiny
Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector
job losses/factory orders worse than expected, new record continuing
unemployment claims, bernanke spend more money you don’t have but cut
debilitating deficit…riiiiight…sounds like a plan with more job losses to come,
etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As
the Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD
$63.8 TRILLION... The Big Collapse
Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record
decline in real estate prices, $80+ oil
coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99 Trillion
Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
, world economy to shrink by worse than
previously predicted 2.9% and big difference between not getting worse and
getting better, leading
indicators up far more than expected … bull s**t …based in large part on
inflated stock price component … more bull s**t … new
reform with same old frauds say increased capital requirements and oversight of
the overseers/rating agencies (riiiiight!…same old,same old - already have but
no will to enforce existing laws, etc.), analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets Insiders Exit Shares at the
Fastest Pace in Two Years BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... The Next Bubble Is Here. Have You Bought In? Here
we go again! Barney Frank asks FANNIE and FREDDIE to relax Mortgage lending
rules... Fed Tried to Cover-up Its Involvement in Bank of America-Merrill
Deal Dollar
And Stocks Drop As China Calls For New Global Currency Citigroup
Ordered to Suspend Some Operations in Japan Bernanke
Grilling May Weaken Case for Fed as Risk Regulator Citi boosting salaries to offset lower bonuses,
allegedly to retain the clowns who helped make them taxpayer dependant and
cause the current debacle; how ‘bout firing them instead and offering
opportunity to the new, particularly non-ivy league vegetable garden grads [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. Home Prices Drop 6.8 Percent
in April as Foreclosures Rise [$$] Red Roof Inn Defaults on Mortgage Debt (at The
Wall Street Journal Online)
MySpace to cut two-thirds of global
workforce GM to cut 4,000 more white-collar jobs
by year end Oracle tops forecasts despite sales,
profit dip; stated another way, bad news will be shilled as good news (AP) California
Collapsing Bankster “Holiday” Planned for
September? Recession Sparking Global Unrest
Is Your Portfolio Ready for the Next
Leg Down? S&P turns negative for year in
broad sell-off (Reuters) Goldman Sachs on pace for record bonuses: report
(Reuters) Numbers On Welfare See Sharp
Increase Top Insiders Playing You For A
Sucker? The death of the dollar. Who
could deny it? Stanford indicted in
massive U.S. fraud case which is small potatoes compared to ubiquitously
massive wall street securities fraud which caused the ongoing financial debacle Venture
Capital Bubble Set to Burst, Kedrosky Says Obama Plans to Cut Bank
Regulators, Allow Fed to Supervise Financial Holding Companies – The old fox
guarding the henhouse tricks Federal Reserve unwisely to
gain power under plan Federal Reserve Foolishly
To
Be Given Sweeping New Powers Yen Strengthens Most in Month
as Asian Stocks Drop, Gold Gains RUSSIA
CHALLENGES WORTHLESS DOLLAR... AIG says former
top exec plundered retirement plan [video] The Too-Big-to-Fail
Problem [6.8 min] (at MarketWatch) [$$] Too Big to
Solve? (at The Wall Street Journal Online) Buy and Hold Is
Dead. Long Live Buy and Hold! Financial Bailout Plan Keeps
Zombie Banks Alive Bernanke then as now in denial
about looming crisis 2005-2007 Retail sales,
drop in jobless claims to a very high even if believed 601,000 yielding record
continuing claims of 6.8 million fuel hope…if you’re a dope Lawmakers
blast Fed, Treasury for BofA "threats" Oil climbs over $73 on
hopes for rising demand U.S. Household
Worth Fell by $1.3 Trillion in First Quarter Predictions of $250
a barrel on oil ECB Fears Reality
of Banking Crisis in 2010: Report Get Ready for Inflation and
Higher Interest Rates Bill To Audit Federal Reserve
Now Has 209 Co-Sponsors Russia May Swap Some U.S.
Treasuries for IMF Debt Fed report shows losses on Bear Stearns, AIG holdings Congress subpoenas the Fed ... Finally!
(AP) Brazil in recession, recovery unlikely this year What a “Jobless Recovery”
Really Means: A Massive Redistribution of Wealth from the Little Guy to the Big
Boys Obama
Tells American Businesses to Drop Dead America’s Fed Addiction “87
Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are Unsafe” Fed Said to
Retreat From Seeking Power to Sell Its Own Debt/Bills WIRE:
Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory
Loss
Obama’s economic model versus
reality Reality
bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government
reports better than private estimates…riiiiight! President
of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now Benefit spending
soars to new high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC:
OIL COULD REACH $90... ----- Existing home
foreclosure sales up, and no profit discount car sales better than
expected Diluting like crazy through new stock
bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
(7-23-09) Dow
9,069 +188
To stamp out
fraud, no change from suckers’ rally worth reporting for second, third, fourth
weeks of March and April -436 for
the first week of March -12% for the month of
February -8.8%
(-775) for the month of January -1% for
fourth week of January -2.5% for third week of
January -4% for second week of January -5% for
first full week of January -34% for the year
-1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,974 +47 To stamp out fraud, no change from
suckers’ rally worth reporting for second, third, fourth weeks of March and April -84 for
the first week of March -7% for the month of
February -6.4% (-101) for the month of
January -1% for fourth week of January
-3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P
500 976 +22 To stamp out fraud, no change from
suckers’ rally worth reporting for second,
third, fourth weeks
of March and
April -52 for the first week of March -11%
for the month of February -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $67.16
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.56 (reg. gas in LAND
OF FRUITS AND NUTS $2.88 REG./ $3.08
MID-GRADE/ $3.20PREM./ $2.83 DIESEL)/
GOLD $954.80 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $13.77
PLATINUM $1,195 / DOLLAR= .70 EURO, 93 YEN, .60 POUND STERLING, ETC. (How low
can you go - LOWER)/ 10 YR NOTE YIELD 3.65% …..… AP Business Highlights … ...Yahoo Market Update... ] YAHOO
- BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Must Read
Economic/Financial Data ABSOLUTELY, ABSURDLY,
RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN IN THIS UNIQUELY PREPOSTEROUS AND
FRAUDULENT ENVIRONMENT! CONTINUED PROGRAMMED SUCKERS’ RALLY NOTHING REAL OR
POSITIVE AT ALL (IE., USED HOME SALES UP WITH DEFAULTS/ SHORT SALES, JOB LOSSES
UP, BETTER THAN EXPECTED MANTRA, GUIDANCE THAT DEFIES REALITY BY A LONG SHOT AS
IN LAST COMMISSIONABLE BUBBLE BUST, JOB/COST CUTS TO BONE, ETC.) ( Max
Keiser: Goldman Sachs Are “Scum,” “Financial Terrorists” Bank profits not as impressive as they seem
when you take into account TARP funding, changed accounting rules to fudge
books, new stock issues, etc… um Cost
Of Bailout Hits A Whopping $24 Trillion Dollars Stearns Crucifies Paulson On Bailout Bait And Switch
Fiscal ruin of the Western world beckons Foreign Embassies Urged to Stockpile Local Currencies
Bailout
Overseer Says Banks Misused TARP Funds Regulators shut banks in Calif., Ga. and SD ) TO KEEP SUCKERS
SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly [$$] Big Pay
Packages Return to Wall Street as new fraud gains steam (at The Wall Street
Journal Online) Max Keiser: Goldman Sachs
gang are ’scum’ who have co-opted U.S. gov’t Max
Keiser: Goldman Sachs Are “Scum,” “Financial Terrorists” Max Keiser goes on the offensive during an
appearance on France 24 as he slams Goldman Sachs as “scum” and “financial
terrorists” who should be thrown in jail.
‘Printing
money will lead to serious problems down the road,’ says Jim Rogers ] BASED ON
CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... Wall
Street’s Love Affair with Ben Bernanke Mike Whitney | bernanke knows that the country is in a DepressionScams
And Bailouts The Cause of World Depression New US weekly jobless claims jump Its Official: U.S. Trapped in an Extended Depressionary
Cycle MICROSOFT Profit Drops 29% as
PC Slowdown Weighs on Revenue… they haven’t availed themselves of the fake
assets/books legislation recently passed... AMAZON.COM Profit
Drops 10%... Bernanke:
“I Don’t Know” Which Foreign Banks Were Given Half a Trillion Paul Joseph Watson Grayson grills Fed chairman on destination of credit
swaps. Fed:
unemployment will top 10 percent this year... Foreclosures (those increased home
sales that has been fueling suckers’ rally)
rise 15 percent in first half of 2009 (7-17) Three more banks
fail, bringing 2009 tally to more than double all of 2008 at a total thus far
of 57 Lower Markets on the Horizon Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly The Ultimate Insider Trading Scheme Max Keiser: Goldman Sachs
gang are ’scum’ who have co-opted U.S. gov’t Cost
Of Bailout Hits A Whopping $24 Trillion Dollars Stearns Crucifies Paulson On Bailout Bait And Switch
Fiscal ruin of the Western world beckons Foreign Embassies Urged to Stockpile Local Currencies
Bailout
Overseer Says Banks Misused TARP Funds TARP watchdog says Treasury lacking bank data Goldman Sachs
caused the problems in the first
place… Who can deny that? Budget deficit tops $1 trillion for first time
(AP) CIT Watch: Analysts Says Debt Load Isn't the
Only Problem Geithner Refuses to Rule Out
Continuing Using American Taxpayer as Piggy Bank for Derivatives Losses
WHITE
HOUSE ECON ADVISER CLAIMS SUCCESS: FEWER PEOPLE SEARCHING 'ECONOMIC DEPRESSION'
ON GOOGLE BECAUSE EXPERIENCING IT FIRST-HAND THEY ALREADY KNOW WHAT ECONOMIC
DEPRESSION IS... What
Economy? There’s Nothing Left to Recover There is no economy left to recover. The US manufacturing economy
was lost to offshoring and free trade ideology. It was replaced by a mythical
“New Economy “ ; less bad, not as bad as expected…riiiiight!, tarp money
for the commission frauds on wall street in new manufactured bubble as
actual/real manufacturing down again; consumer confidence down,
commercial loans begin default phase of downturn, 6.9 million continuing
unemployment claims for new record; retail sales down sharply
Economist:
FDIC gearing up for bank closures Goldman Sachs Admits Its Software Can “Manipulate Markets
in Unfair Ways and fraudulently generate commissions /trade volume” Max Keiser: Goldman Sachs gang
are ’scum’ who have co-opted U.S. gov’t You Tube | Goldman Sachs are scum– that’s the bottom line.
They have co-opted the government, the Treasury Department and the Federal
Reserve’s functionality. They’ve co-opted the Obama administration & Barack
Obama dances to Goldman Sachs’ tune. True unemployment rate already at 20% This Depression
Will Last For Years Wyoming sees
first bank failure since 1991 China
criticizes dollar AIG Preparing to Pay New
Round of Bonuses... While Talking About Keynesian Stimulus, Feds Are Really
Just Giving Money to the Big Frauds
FDIC
Insurance Fund: It Doesn’t Actually Exist Replacing the dollar as reserve currency US loses 467,000 jobs, unemployment at 9.5% 'We're in the Middle of a Crash': Black Swan... Economic
Expectations – Unemployment Rate Will Reach 15% David Tice: We are going into a depression-15%
unemployment or more on horizon. U.S. consumers fall behind on loans at
record pace FBI: Mortgage
fraud 'rampant' and growing... Celente and Schiff
Predict Food Panic This Year. Watch clips HERE. Fema Camps Built. Wall Street hits 10-week low amid talk of new
stimulus (7-2)Seven more banks fail,
bringing 2009 tally to more than double all of 2008 at a total thus far of 52;
Private sector sheds another 473,000 jobs in June... US lurching towards ‘debt
explosion’ with long-term interest rates on course to double Jim Rogers Sells Dollars, Plans
to Short Treasuries ‘Sucker’s Rally Beginning To Unwind’ daaaah…? Calls grow to supplant dollar as global currency China officials
call for displacing dollar, in time Tracking Two
Depressions, 1929 and now this Mortgage applications fall to 7-month low... Private
sector sheds another 473,000 jobs in June... 'Layoffs may be worsening'... AIG shares drop
after 1-for-20 reverse-stock split (AP) Manhattan
apartment prices skid 13 to 19 percent Job
losses / job concerns realistically weigh on confidence, real estate
values/prices continue downward trend as per Case / Shiller Index (-18.1%, -21%
in california) Consumer
confidence suffers steep fall... Home prices post 18% annual
drop... Worldwide Depression: Review of Global Markets . Four banks
fail, bringing 2009 tally to 19 more than all of 2008 at a total thus far of 44 Dollar Falls Most in Month as China Urges New Reserve
Currency Gerald Celente speaks on Cap and Trade and other handicaps
to the US economy HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH
CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT ONE
PROSECUTION IN THE MOST RECENT MASSIVE
SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS
WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK
MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T),
CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH
THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD
IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE,
RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED
SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS
ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC!
… THAT MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS,
… NOT OUT OF THIN AIR! ] TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP
SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , personal
income up modest .2% and spending down, China calls for new reserve currency to
supplant worthless dollar Dollar
And Stocks Drop As China Calls For New Global Currency , continuing
unemployment claims at or near record 627,000, weekly unemployment claims up
15,000, and GDP contraction –5.5%, all worse than expected (lennar wider than
expected quarterly loss rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing words/b.s. from fed which
previously predicted no recession that economy still contracting but that the
contraction is somewhat slowing…what b**l s**t!…, analysts- buffet/economy in
shambles, Hogan/negative GDP growth and inflation owing to debasement of the
dollar as well as deficit spending/pump-priming in the trillions, joker
stein/economy a mess and continued job losses, new home sales down .6%; U.S. Home Prices Drop 6.8
Percent in April as Foreclosures Rise foreclosure sales
up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their
40th bank of the year , Next
Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9%
and big difference between not getting worse and getting better, market got
ahead of itself, stalled out, still depression/more job losses, higher oil-gas
prices / higher interest rates / heavy debt to pare down is 1-3 year drag on
economy, even if believed (I don’t) the labor dept. far better than expected
job numbers by increased debt (spending) to produce same is not economically
sound or sustainable, viz., record spending with record low revenues, rating
cuts for bank sector, analysts concur in significant 5-15% (reality says
15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down
1.1%, housing starts allegedly up but if believed will only increase the
plethora of unsold inventories, empire manufacturing index suffers unexpectedly
severe decline…daaaah!, credit dard defaults at record high, analysts concur
that fundamentals don’t support stock rally and that pac money(defacto bribes)
might derail any meaningful reform/regulation which is of concern to the frauds
on wall street who should be prosecuted, record loss of wealth, higher gas
prices, job losses, higher interest rates / yields, higher commodity prices,
higher deficits, hyperinflation, record continuing unemployment claims at 6.8
million, worthless Weimar dollar crashing,
money supply exploding with hyperinflation/higher interest rates coming,
budget deficit at new highs and trade deficit worse than expected, analyst who
called crash says inflationary depression, banks passed stress tests only with
the help of fraudulent change in accounting rules, banks still insolvent, toxic
assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end
of year, Obama/bernanke continuing failed policies of bush greenspan,
recommends getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not
Over” 6/9/2009 Markets See a Breakdown in
Technical Support Levels Roubini: USA sees
double-dip recession... Jobless claims rise; GDP dips in 1Q Bernanke faces GOP-led (who are they
kidding-bushies/paulsen went so far as threaten martial law- prosecute now!
They continue to allow the wall street fraud and political theater doesn’t
change their complicity) heat on BofA-Merrill deal Fed Tried to Cover-up Its
Involvement in Bank of America-Merrill Deal U.S. Economy: Jobless Claims
Rise in Sign Labor Market Stagnant Dollar
drops on reserve currency doubts China sells US
bonds to ’show concern’ BRICs May Buy
Each Other’s Bonds in Shift From Dollar China’s holding of US bonds
drops first time in 11 months Russia to Raise Reserve
Currency Issue at BRIC International
Demand for Worthless U.S. Assets Slowed in April IMF says worst not over Senator cashed out during big
stock collapse -- after meeting with Fed, Treasury chiefs! America's AAA
downgrade danger...
Treasury
faces pressure on price of TARP exit A depression so deep even
teen shoppers scrimp US cities may have to be bulldozed in order to survive 1st quarter
wiped out $1.3 trillion for Americans Get Ready for Inflation and
Higher Interest Rates Oil prices near $73 as
energy rally continues Fed Would Be Shut Down If It
Were Audited Fed says economy
weak, but sees signs the slide increasing Mounting
deficits spark jitters about U.S. economy Wall Street falls as
realities dent recovery hopes
Bonds fall on
worries about government's debt load (AP) Oil prices
strike new high for 2009 (AP) The depression quietly deepens
CHINA
AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes,
We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake government job loss report near 40%
better than private forecasts…I don’t think so!…9.4% unemployment rate…try well
over 10% and with stopped looking included over 20% , Jim
Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now China explores buying
$50bn in IMF bonds US retailers
report May sales declines Tiny
Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector
job losses/factory orders worse than expected, new record continuing
unemployment claims, bernanke spend more money you don’t have but cut debilitating
deficit…riiiiight…sounds like a plan with more job losses to come, etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As
the Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD
$63.8 TRILLION... The Big Collapse
Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record
decline in real estate prices, $80+ oil
coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
, world economy to shrink by worse than
previously predicted 2.9% and big difference between not getting worse and
getting better, leading indicators
up far more than expected … bull s**t …based in large part on inflated stock
price component … more bull s**t … new reform with
same old frauds say increased capital requirements and oversight of the
overseers/rating agencies (riiiiight!…same old,same old - already have but no
will to enforce existing laws, etc.), analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets Insiders Exit Shares at the
Fastest Pace in Two Years BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... The Next Bubble Is Here. Have You Bought In? Here
we go again! Barney Frank asks FANNIE and FREDDIE to relax Mortgage lending
rules... Fed Tried to Cover-up Its Involvement in Bank of America-Merrill
Deal Dollar
And Stocks Drop As China Calls For New Global Currency Citigroup
Ordered to Suspend Some Operations in Japan Bernanke
Grilling May Weaken Case for Fed as Risk Regulator Citi boosting salaries to offset lower bonuses,
allegedly to retain the clowns who helped make them taxpayer dependant and
cause the current debacle; how ‘bout firing them instead and offering
opportunity to the new, particularly non-ivy league vegetable garden grads [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. Home Prices Drop 6.8 Percent
in April as Foreclosures Rise [$$] Red Roof Inn Defaults on Mortgage Debt (at The
Wall Street Journal Online)
MySpace to cut two-thirds of global
workforce GM to cut 4,000 more white-collar jobs
by year end Oracle tops forecasts despite sales,
profit dip; stated another way, bad news will be shilled as good news (AP) California
Collapsing Bankster “Holiday” Planned for
September? Recession Sparking Global Unrest
Is Your Portfolio Ready for the Next
Leg Down? S&P turns negative for year in
broad sell-off (Reuters) Goldman Sachs on pace for record bonuses: report
(Reuters) Numbers On Welfare See Sharp
Increase Top Insiders Playing You For A
Sucker? The death of the dollar. Who
could deny it? Stanford indicted in
massive U.S. fraud case which is small potatoes compared to ubiquitously
massive wall street securities fraud which caused the ongoing financial debacle Venture
Capital Bubble Set to Burst, Kedrosky Says Obama Plans to Cut Bank
Regulators, Allow Fed to Supervise Financial Holding Companies – The old fox
guarding the henhouse tricks Federal Reserve unwisely to
gain power under plan Federal Reserve Foolishly
To
Be Given Sweeping New Powers Yen Strengthens Most in Month
as Asian Stocks Drop, Gold Gains RUSSIA
CHALLENGES WORTHLESS DOLLAR... AIG says former
top exec plundered retirement plan [video] The Too-Big-to-Fail
Problem [6.8 min] (at MarketWatch) [$$] Too Big to
Solve? (at The Wall Street Journal Online) Buy and Hold Is
Dead. Long Live Buy and Hold! Financial Bailout Plan Keeps
Zombie Banks Alive Bernanke then as now in denial
about looming crisis 2005-2007 Retail sales,
drop in jobless claims to a very high even if believed 601,000 yielding record
continuing claims of 6.8 million fuel hope…if you’re a dope Lawmakers
blast Fed, Treasury for BofA "threats" Oil climbs over $73 on
hopes for rising demand U.S. Household
Worth Fell by $1.3 Trillion in First Quarter Predictions of $250
a barrel on oil ECB Fears Reality
of Banking Crisis in 2010: Report Get Ready for Inflation and
Higher Interest Rates Bill To Audit Federal Reserve Now
Has 209 Co-Sponsors Russia May Swap Some U.S.
Treasuries for IMF Debt Fed report shows losses on Bear Stearns, AIG holdings Congress subpoenas the Fed ... Finally!
(AP) Brazil in recession, recovery unlikely this year What a “Jobless Recovery”
Really Means: A Massive Redistribution of Wealth from the Little Guy to the Big
Boys Obama
Tells American Businesses to Drop Dead America’s Fed Addiction “87
Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are Unsafe” Fed Said to
Retreat From Seeking Power to Sell Its Own Debt/Bills WIRE:
Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory
Loss
Obama’s economic model versus
reality Reality
bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government
reports better than private estimates…riiiiight! President
of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now Benefit spending
soars to new high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC:
OIL COULD REACH $90... ----- Existing home
foreclosure sales up, and no profit discount car sales better than
expected Diluting like crazy through new stock
bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
(7-22-09) Dow
8,881.26 -34.68 (-0.39%) To stamp out fraud, no change from
suckers’ rally worth reporting for second, third, fourth weeks of March and
April -436 for the first week of
March -12% for the month of February -8.8% (-775) for the
month of January -1% for fourth week of
January -2.5% for third week of January -4% for second week of January -5% for first full week of
January -34% for the year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,926.38 +10.18 (0.53%) To stamp out fraud, no change from
suckers’ rally worth reporting for second, third, fourth weeks of March and April -84 for
the first week of March -7% for the month of
February -6.4% (-101) for the month of
January -1% for fourth week of January
-3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P
500 954.07 -0.51 (-0.05%) To stamp out fraud, no change from
suckers’ rally worth reporting for second,
third, fourth weeks
of March and
April -52 for the first week of March -11%
for the month of February -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $65.40
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.56 (reg. gas in LAND
OF FRUITS AND NUTS $2.88 REG./ $3.08
MID-GRADE/ $3.20PREM./ $2.83 DIESEL)/
GOLD $953.30 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $13.69
PLATINUM $1,189 / DOLLAR= .70 EURO, 93 YEN, .60 POUND STERLING, ETC. (How low
can you go - LOWER)/ 10 YR NOTE YIELD 3.55% …..… AP Business Highlights … ...Yahoo Market Update... ] YAHOO
- BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Must Read
Economic/Financial Data ABSOLUTELY,
ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN IN THIS UNIQUELY
PREPOSTEROUS AND FRAUDULENT ENVIRONMENT! CONTINUED PROGRAMMED SUCKERS’ RALLY
INTO THE CLOSE ON NOTHING POSITIVE AT ALL (IE., BETTER THAN EXPECTED MANTRA,
GUIDANCE THAT DEFIES REALITY BY A LONG SHOT AS IN LAST COMMISSIONABLE BUBBLE
BUST, JOB/COST CUTS TO BONE, ETC.) ( Max
Keiser: Goldman Sachs Are “Scum,” “Financial Terrorists” Bank profits not as impressive as they seem
when you take into account TARP funding, changed accounting rules to fudge
books, new stock issues, etc… um Cost
Of Bailout Hits A Whopping $24 Trillion Dollars Stearns Crucifies Paulson On Bailout Bait And Switch
Fiscal ruin of the Western world beckons Foreign Embassies Urged to Stockpile Local Currencies
Bailout
Overseer Says Banks Misused TARP Funds Regulators shut banks in Calif., Ga. and SD ) TO KEEP
SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly [$$] Big Pay
Packages Return to Wall Street as new fraud gains steam (at The Wall Street
Journal Online) Max Keiser: Goldman Sachs
gang are ’scum’ who have co-opted U.S. gov’t Max
Keiser: Goldman Sachs Are “Scum,” “Financial Terrorists” Max Keiser goes on the offensive during an
appearance on France 24 as he slams Goldman Sachs as “scum” and “financial
terrorists” who should be thrown in jail.
‘Printing
money will lead to serious problems down the road,’ says Jim Rogers ] BASED ON
CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... Wall
Street’s Love Affair with Ben Bernanke Mike Whitney | bernanke knows that the country is in a
Depression. More
bodies go unclaimed as families can’t afford funeral costs GOVERNMENT MOTORS sales fall 22%... Bernanke:
“I Don’t Know” Which Foreign Banks Were Given Half a Trillion Paul Joseph Watson Grayson grills Fed chairman on destination of credit
swaps. Fed:
unemployment will top 10 percent this year... Foreclosures (those increased home
sales that has been fueling suckers’ rally)
rise 15 percent in first half of 2009 (7-17) Three more banks
fail, bringing 2009 tally to more than double all of 2008 at a total thus far
of 57 Lower Markets on the Horizon Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly The Ultimate Insider Trading Scheme Max Keiser: Goldman Sachs
gang are ’scum’ who have co-opted U.S. gov’t Cost
Of Bailout Hits A Whopping $24 Trillion Dollars Stearns Crucifies Paulson On Bailout Bait And Switch
Fiscal ruin of the Western world beckons Foreign Embassies Urged to Stockpile Local Currencies
Bailout
Overseer Says Banks Misused TARP Funds TARP watchdog says Treasury lacking bank data Goldman Sachs
caused the problems in the first
place… Who can deny that? Budget deficit tops $1 trillion for first time
(AP) CIT Watch: Analysts Says Debt Load Isn't the
Only Problem Geithner Refuses to Rule Out
Continuing Using American Taxpayer as Piggy Bank for Derivatives Losses
WHITE
HOUSE ECON ADVISER CLAIMS SUCCESS: FEWER PEOPLE SEARCHING 'ECONOMIC DEPRESSION'
ON GOOGLE BECAUSE EXPERIENCING IT FIRST-HAND THEY ALREADY KNOW WHAT ECONOMIC
DEPRESSION IS... What
Economy? There’s Nothing Left to Recover There is no economy left to recover. The US manufacturing economy
was lost to offshoring and free trade ideology. It was replaced by a mythical
“New Economy “ ; less bad, not as bad as expected…riiiiight!, tarp money
for the commission frauds on wall street in new manufactured bubble as
actual/real manufacturing down again; consumer confidence down,
commercial loans begin default phase of downturn, 6.9 million continuing
unemployment claims for new record; retail sales down sharply
Economist:
FDIC gearing up for bank closures Goldman Sachs Admits Its Software Can “Manipulate Markets
in Unfair Ways and fraudulently generate commissions /trade volume” Max Keiser: Goldman Sachs gang
are ’scum’ who have co-opted U.S. gov’t You Tube | Goldman Sachs are scum– that’s the bottom line.
They have co-opted the government, the Treasury Department and the Federal
Reserve’s functionality. They’ve co-opted the Obama administration & Barack
Obama dances to Goldman Sachs’ tune. True unemployment rate already at 20% This Depression
Will Last For Years Wyoming sees
first bank failure since 1991 China
criticizes dollar AIG Preparing to Pay New
Round of Bonuses... While Talking About Keynesian Stimulus, Feds Are Really
Just Giving Money to the Big Frauds
FDIC
Insurance Fund: It Doesn’t Actually Exist Replacing the dollar as reserve currency US loses 467,000 jobs, unemployment at 9.5% 'We're in the Middle of a Crash': Black Swan... Economic
Expectations – Unemployment Rate Will Reach 15% David Tice: We are going into a depression-15%
unemployment or more on horizon. U.S. consumers fall behind on loans at
record pace FBI: Mortgage
fraud 'rampant' and growing... Celente and Schiff Predict Food Panic This Year. Watch
clips HERE. Fema Camps Built. Wall Street hits 10-week low amid talk of new
stimulus (7-2)Seven more banks fail,
bringing 2009 tally to more than double all of 2008 at a total thus far of 52;
Private sector sheds another 473,000 jobs in June... US lurching towards ‘debt
explosion’ with long-term interest rates on course to double Jim Rogers Sells Dollars, Plans
to Short Treasuries ‘Sucker’s Rally Beginning To Unwind’ daaaah…? Calls grow to supplant dollar as global currency China officials
call for displacing dollar, in time Tracking Two
Depressions, 1929 and now this Mortgage applications fall to 7-month low... Private
sector sheds another 473,000 jobs in June... 'Layoffs may be worsening'... AIG shares drop
after 1-for-20 reverse-stock split (AP) Manhattan
apartment prices skid 13 to 19 percent Job
losses / job concerns realistically weigh on confidence, real estate
values/prices continue downward trend as per Case / Shiller Index (-18.1%, -21%
in california) Consumer
confidence suffers steep fall... Home prices post 18% annual
drop... Worldwide Depression: Review of Global Markets . Four banks
fail, bringing 2009 tally to 19 more than all of 2008 at a total thus far of 44 Dollar Falls Most in Month as China Urges New Reserve
Currency Gerald Celente speaks on Cap and Trade and other handicaps
to the US economy HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH
CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT ONE
PROSECUTION IN THE MOST RECENT MASSIVE
SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS
WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK
MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T),
CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH
THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD
IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE,
RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED
SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS
ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC!
… THAT MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS,
… NOT OUT OF THIN AIR! ] TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP
SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , personal
income up modest .2% and spending down, China calls for new reserve currency to
supplant worthless dollar Dollar
And Stocks Drop As China Calls For New Global Currency , continuing unemployment
claims at or near record 627,000, weekly unemployment claims up 15,000, and GDP
contraction –5.5%, all worse than expected (lennar wider than expected
quarterly loss rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing words/b.s. from fed which
previously predicted no recession that economy still contracting but that the
contraction is somewhat slowing…what b**l s**t!…, analysts- buffet/economy in shambles,
Hogan/negative GDP growth and inflation owing to debasement of the dollar as
well as deficit spending/pump-priming in the trillions, joker stein/economy a
mess and continued job losses, new home sales down .6%; U.S. Home Prices Drop 6.8
Percent in April as Foreclosures Rise foreclosure sales
up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their
40th bank of the year , Next
Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9%
and big difference between not getting worse and getting better, market got
ahead of itself, stalled out, still depression/more job losses, higher oil-gas
prices / higher interest rates / heavy debt to pare down is 1-3 year drag on
economy, even if believed (I don’t) the labor dept. far better than expected
job numbers by increased debt (spending) to produce same is not economically
sound or sustainable, viz., record spending with record low revenues, rating
cuts for bank sector, analysts concur in significant 5-15% (reality says
15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down
1.1%, housing starts allegedly up but if believed will only increase the plethora
of unsold inventories, empire manufacturing index suffers unexpectedly severe
decline…daaaah!, credit dard defaults at record high, analysts concur that
fundamentals don’t support stock rally and that pac money(defacto bribes) might
derail any meaningful reform/regulation which is of concern to the frauds on
wall street who should be prosecuted, record loss of wealth, higher gas prices,
job losses, higher interest rates / yields, higher commodity prices, higher
deficits, hyperinflation, record continuing unemployment claims at 6.8 million,
worthless Weimar dollar crashing, money
supply exploding with hyperinflation/higher interest rates coming, budget
deficit at new highs and trade deficit worse than expected, analyst who called
crash says inflationary depression, banks passed stress tests only with the
help of fraudulent change in accounting rules, banks still insolvent, toxic
assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end
of year, Obama/bernanke continuing failed policies of bush greenspan,
recommends getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not
Over” 6/9/2009 Markets See a Breakdown in
Technical Support Levels Roubini: USA sees
double-dip recession... Jobless claims rise; GDP dips in 1Q Bernanke faces GOP-led (who are they
kidding-bushies/paulsen went so far as threaten martial law- prosecute now!
They continue to allow the wall street fraud and political theater doesn’t
change their complicity) heat on BofA-Merrill deal Fed Tried to Cover-up Its
Involvement in Bank of America-Merrill Deal U.S. Economy: Jobless Claims
Rise in Sign Labor Market Stagnant Dollar
drops on reserve currency doubts China sells US
bonds to ’show concern’ BRICs May Buy
Each Other’s Bonds in Shift From Dollar China’s holding of US bonds
drops first time in 11 months Russia to Raise Reserve
Currency Issue at BRIC International
Demand for Worthless U.S. Assets Slowed in April IMF says worst not over Senator cashed out during big
stock collapse -- after meeting with Fed, Treasury chiefs! America's AAA
downgrade danger...
Treasury
faces pressure on price of TARP exit A depression so deep even
teen shoppers scrimp US cities may have to be bulldozed in order to survive 1st quarter
wiped out $1.3 trillion for Americans Get Ready for Inflation and
Higher Interest Rates Oil prices near $73 as
energy rally continues Fed Would Be Shut Down If It
Were Audited Fed says
economy weak, but sees signs the slide increasing Mounting
deficits spark jitters about U.S. economy Wall Street falls as
realities dent recovery hopes
Bonds fall on
worries about government's debt load (AP) Oil prices
strike new high for 2009 (AP) The depression quietly deepens
CHINA
AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes,
We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake government job loss report near 40%
better than private forecasts…I don’t think so!…9.4% unemployment rate…try well
over 10% and with stopped looking included over 20% , Jim
Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now China explores
buying $50bn in IMF bonds US retailers
report May sales declines Tiny
Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector
job losses/factory orders worse than expected, new record continuing
unemployment claims, bernanke spend more money you don’t have but cut
debilitating deficit…riiiiight…sounds like a plan with more job losses to come,
etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As
the Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD
$63.8 TRILLION... The Big Collapse
Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record
decline in real estate prices, $80+ oil
coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
, world economy to shrink by worse than
previously predicted 2.9% and big difference between not getting worse and
getting better, leading
indicators up far more than expected … bull s**t …based in large part on
inflated stock price component … more bull s**t … new
reform with same old frauds say increased capital requirements and oversight of
the overseers/rating agencies (riiiiight!…same old,same old - already have but
no will to enforce existing laws, etc.), analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets Insiders Exit Shares at the
Fastest Pace in Two Years BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... The Next Bubble Is Here. Have You Bought In? Here
we go again! Barney Frank asks FANNIE and FREDDIE to relax Mortgage lending
rules... Fed Tried to Cover-up Its Involvement in Bank of America-Merrill
Deal Dollar
And Stocks Drop As China Calls For New Global Currency Citigroup
Ordered to Suspend Some Operations in Japan Bernanke
Grilling May Weaken Case for Fed as Risk Regulator Citi boosting salaries to offset lower bonuses,
allegedly to retain the clowns who helped make them taxpayer dependant and cause
the current debacle; how ‘bout firing them instead and offering opportunity to
the new, particularly non-ivy league vegetable garden grads [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. Home Prices Drop 6.8 Percent
in April as Foreclosures Rise [$$] Red Roof Inn Defaults on Mortgage Debt (at The
Wall Street Journal Online)
MySpace to cut two-thirds of global
workforce GM to cut 4,000 more white-collar jobs
by year end Oracle tops forecasts despite sales,
profit dip; stated another way, bad news will be shilled as good news (AP) California
Collapsing Bankster “Holiday” Planned for
September? Recession Sparking Global Unrest
Is Your Portfolio Ready for the Next
Leg Down? S&P turns negative for year in
broad sell-off (Reuters) Goldman Sachs on pace for record bonuses: report
(Reuters) Numbers On Welfare See Sharp
Increase Top Insiders Playing You For A
Sucker? The death of the dollar. Who
could deny it? Stanford indicted in
massive U.S. fraud case which is small potatoes compared to ubiquitously
massive wall street securities fraud which caused the ongoing financial debacle Venture
Capital Bubble Set to Burst, Kedrosky Says Obama Plans to Cut Bank
Regulators, Allow Fed to Supervise Financial Holding Companies – The old fox
guarding the henhouse tricks Federal Reserve unwisely to
gain power under plan Federal Reserve Foolishly
To
Be Given Sweeping New Powers Yen Strengthens Most in Month
as Asian Stocks Drop, Gold Gains RUSSIA
CHALLENGES WORTHLESS DOLLAR... AIG says former
top exec plundered retirement plan [video] The Too-Big-to-Fail
Problem [6.8 min] (at MarketWatch) [$$] Too Big to
Solve? (at The Wall Street Journal Online) Buy and Hold Is
Dead. Long Live Buy and Hold! Financial Bailout Plan Keeps
Zombie Banks Alive Bernanke then as now in denial
about looming crisis 2005-2007 Retail sales,
drop in jobless claims to a very high even if believed 601,000 yielding record continuing
claims of 6.8 million fuel hope…if you’re a dope Lawmakers
blast Fed, Treasury for BofA "threats" Oil climbs over $73 on
hopes for rising demand U.S. Household
Worth Fell by $1.3 Trillion in First Quarter Predictions of $250
a barrel on oil ECB Fears Reality
of Banking Crisis in 2010: Report Get Ready for Inflation and
Higher Interest Rates Bill To Audit Federal Reserve
Now Has 209 Co-Sponsors Russia May Swap Some U.S.
Treasuries for IMF Debt Fed report shows losses on Bear Stearns, AIG holdings Congress subpoenas the Fed ... Finally!
(AP) Brazil in recession, recovery unlikely this year What a “Jobless Recovery”
Really Means: A Massive Redistribution of Wealth from the Little Guy to the Big
Boys Obama
Tells American Businesses to Drop Dead America’s Fed Addiction “87
Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are Unsafe” Fed Said to
Retreat From Seeking Power to Sell Its Own Debt/Bills WIRE:
Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory
Loss
Obama’s economic model versus
reality Reality
bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government reports better than private
estimates…riiiiight! President
of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now Benefit spending
soars to new high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC:
OIL COULD REACH $90... ----- Existing home
foreclosure sales up, and no profit discount car sales better than
expected Diluting like crazy through new stock
bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
(7-21-09) Dow
8,915.94 +67.79 (0.77%) To stamp out fraud, no change from
suckers’ rally worth reporting for second, third, fourth weeks of March and
April -436 for the first week of
March -12% for the month of February -8.8% (-775) for the
month of January -1% for fourth week of
January -2.5% for third week of January -4% for second week of January -5% for first full week of
January -34% for the year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,916.20 +6.91 (0.36%) To stamp out fraud, no change from
suckers’ rally worth reporting for second, third, fourth weeks of March and April -84 for
the first week of March -7% for the month of
February -6.4% (-101) for the month of
January -1% for fourth week of January
-3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P
500 954.58 +3.45 (0.36%) To stamp out fraud, no change from
suckers’ rally worth reporting for second,
third, fourth weeks
of March and
April -52 for the first week of March -11%
for the month of February -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $64.72
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.56 (reg. gas in LAND
OF FRUITS AND NUTS $2.88 REG./ $3.08
MID-GRADE/ $3.20PREM./ $2.83 DIESEL)/
GOLD $946.90 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $13.53
PLATINUM $1,177 / DOLLAR= .70 EURO, 93 YEN, .60 POUND STERLING, ETC. (How low
can you go - LOWER)/ 10 YR NOTE YIELD 3.48% …..… AP Business Highlights … ...Yahoo Market Update... ] YAHOO
- BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Must Read Economic/Financial
Data ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE
PROFITS WHILE YOU CAN IN THIS UNIQUELY PREPOSTEROUS AND FRAUDULENT ENVIRONMENT!
CONTINUED PROGRAMMED SUCKERS’ RALLY INTO THE CLOSE ON NOTHING REALLY POSITIVE
AT ALL (IE., BETTER THAN EXPECTED MANTRA, GUIDANCE THAT DEFIES REALITY BY A
LONG SHOT AS IN LAST COMMISSIONABLE BUBBLE BUST, ETC.) ( Max
Keiser: Goldman Sachs Are “Scum,” “Financial Terrorists” Bank profits not as impressive as they seem
when you take into account TARP funding, changed accounting rules to fudge
books, new stock issues, etc… um Cost
Of Bailout Hits A Whopping $24 Trillion Dollars Stearns Crucifies Paulson On Bailout Bait And Switch
Fiscal ruin of the Western world beckons Foreign Embassies Urged to Stockpile Local Currencies
Bailout
Overseer Says Banks Misused TARP Funds Regulators shut banks in Calif., Ga. and SD ) TO KEEP
SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly [$$] Big Pay
Packages Return to Wall Street as new fraud gains steam (at The Wall Street
Journal Online) Max Keiser: Goldman Sachs
gang are ’scum’ who have co-opted U.S. gov’t Max
Keiser: Goldman Sachs Are “Scum,” “Financial Terrorists” Max Keiser goes on the offensive during an
appearance on France 24 as he slams Goldman Sachs as “scum” and “financial
terrorists” who should be thrown in jail.
‘Printing
money will lead to serious problems down the road,’ says Jim Rogers ] BASED ON
CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... Fed:
unemployment will top 10 percent this year... Foreclosures (those increased home
sales that has been fueling suckers’ rally)
rise 15 percent in first half of 2009 (7-17) Three more banks
fail, bringing 2009 tally to more than double all of 2008 at a total thus far
of 57 Lower Markets on the Horizon Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly The Ultimate Insider Trading Scheme Max Keiser: Goldman Sachs
gang are ’scum’ who have co-opted U.S. gov’t Cost
Of Bailout Hits A Whopping $24 Trillion Dollars Stearns Crucifies Paulson On Bailout Bait And Switch
Fiscal ruin of the Western world beckons Foreign Embassies Urged to Stockpile Local Currencies
Bailout
Overseer Says Banks Misused TARP Funds TARP watchdog says Treasury lacking bank data Goldman Sachs
caused the problems in the first
place… Who can deny that? Budget deficit tops $1 trillion for first time
(AP) CIT Watch: Analysts Says Debt Load Isn't the
Only Problem Geithner Refuses to Rule Out
Continuing Using American Taxpayer as Piggy Bank for Derivatives Losses
WHITE
HOUSE ECON ADVISER CLAIMS SUCCESS: FEWER PEOPLE SEARCHING 'ECONOMIC DEPRESSION'
ON GOOGLE BECAUSE EXPERIENCING IT FIRST-HAND THEY ALREADY KNOW WHAT ECONOMIC
DEPRESSION IS... What
Economy? There’s Nothing Left to Recover There is no economy left to recover. The US manufacturing economy
was lost to offshoring and free trade ideology. It was replaced by a mythical
“New Economy “ ; less bad, not as bad as expected…riiiiight!, tarp money
for the commission frauds on wall street in new manufactured bubble as
actual/real manufacturing down again; consumer confidence down,
commercial loans begin default phase of downturn, 6.9 million continuing
unemployment claims for new record; retail sales down sharply
Economist:
FDIC gearing up for bank closures Goldman Sachs Admits Its Software Can “Manipulate Markets
in Unfair Ways and fraudulently generate commissions /trade volume” Max Keiser: Goldman Sachs gang
are ’scum’ who have co-opted U.S. gov’t You Tube | Goldman Sachs are scum– that’s the bottom line.
They have co-opted the government, the Treasury Department and the Federal Reserve’s
functionality. They’ve co-opted the Obama administration & Barack Obama
dances to Goldman Sachs’ tune. True unemployment rate already at 20% This Depression
Will Last For Years Wyoming sees
first bank failure since 1991 China
criticizes dollar AIG Preparing to Pay New
Round of Bonuses... While Talking About Keynesian Stimulus, Feds Are Really
Just Giving Money to the Big Frauds
FDIC
Insurance Fund: It Doesn’t Actually Exist Replacing the dollar as reserve currency US loses 467,000 jobs, unemployment at 9.5% 'We're in the Middle of a Crash': Black Swan... Economic
Expectations – Unemployment Rate Will Reach 15% David Tice: We are going into a depression-15%
unemployment or more on horizon. U.S. consumers fall behind on loans at
record pace FBI: Mortgage
fraud 'rampant' and growing... Celente and Schiff
Predict Food Panic This Year. Watch clips HERE. Fema Camps Built. Wall Street hits 10-week low amid talk of new
stimulus (7-2)Seven more banks fail,
bringing 2009 tally to more than double all of 2008 at a total thus far of 52;
Private sector sheds another 473,000 jobs in June... US lurching towards ‘debt
explosion’ with long-term interest rates on course to double Jim Rogers Sells Dollars, Plans
to Short Treasuries ‘Sucker’s Rally Beginning To Unwind’ daaaah…? Calls grow to supplant dollar as global currency China officials
call for displacing dollar, in time Tracking Two
Depressions, 1929 and now this Mortgage applications fall to 7-month low... Private
sector sheds another 473,000 jobs in June... 'Layoffs may be worsening'... AIG shares drop
after 1-for-20 reverse-stock split (AP) Manhattan
apartment prices skid 13 to 19 percent Job
losses / job concerns realistically weigh on confidence, real estate
values/prices continue downward trend as per Case / Shiller Index (-18.1%, -21%
in california) Consumer
confidence suffers steep fall... Home prices post 18% annual
drop... Worldwide Depression: Review of Global Markets . Four banks
fail, bringing 2009 tally to 19 more than all of 2008 at a total thus far of 44 Dollar Falls Most in Month as China Urges New Reserve
Currency Gerald Celente speaks on Cap and Trade and other handicaps
to the US economy HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH
CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT ONE
PROSECUTION IN THE MOST RECENT MASSIVE
SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS
WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK
MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T),
CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH
THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD
IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE,
RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED
SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS
ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC!
… THAT MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS,
… NOT OUT OF THIN AIR! ] TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP
SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , personal
income up modest .2% and spending down, China calls for new reserve currency to
supplant worthless dollar Dollar
And Stocks Drop As China Calls For New Global Currency , continuing
unemployment claims at or near record 627,000, weekly unemployment claims up
15,000, and GDP contraction –5.5%, all worse than expected (lennar wider than
expected quarterly loss rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing words/b.s. from fed which
previously predicted no recession that economy still contracting but that the
contraction is somewhat slowing…what b**l s**t!…, analysts- buffet/economy in
shambles, Hogan/negative GDP growth and inflation owing to debasement of the
dollar as well as deficit spending/pump-priming in the trillions, joker
stein/economy a mess and continued job losses, new home sales down .6%; U.S. Home Prices Drop 6.8
Percent in April as Foreclosures Rise foreclosure sales
up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their
40th bank of the year , Next
Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9%
and big difference between not getting worse and getting better, market got
ahead of itself, stalled out, still depression/more job losses, higher oil-gas
prices / higher interest rates / heavy debt to pare down is 1-3 year drag on
economy, even if believed (I don’t) the labor dept. far better than expected
job numbers by increased debt (spending) to produce same is not economically
sound or sustainable, viz., record spending with record low revenues, rating
cuts for bank sector, analysts concur in significant 5-15% (reality says
15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down
1.1%, housing starts allegedly up but if believed will only increase the
plethora of unsold inventories, empire manufacturing index suffers unexpectedly
severe decline…daaaah!, credit dard defaults at record high, analysts concur
that fundamentals don’t support stock rally and that pac money(defacto bribes)
might derail any meaningful reform/regulation which is of concern to the frauds
on wall street who should be prosecuted, record loss of wealth, higher gas
prices, job losses, higher interest rates / yields, higher commodity prices,
higher deficits, hyperinflation, record continuing unemployment claims at 6.8
million, worthless Weimar dollar crashing,
money supply exploding with hyperinflation/higher interest rates coming,
budget deficit at new highs and trade deficit worse than expected, analyst who
called crash says inflationary depression, banks passed stress tests only with
the help of fraudulent change in accounting rules, banks still insolvent, toxic
assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end
of year, Obama/bernanke continuing failed policies of bush greenspan,
recommends getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not
Over” 6/9/2009 Markets See a Breakdown in
Technical Support Levels Roubini: USA sees
double-dip recession... Jobless claims rise; GDP dips in 1Q Bernanke faces GOP-led (who are they
kidding-bushies/paulsen went so far as threaten martial law- prosecute now!
They continue to allow the wall street fraud and political theater doesn’t
change their complicity) heat on BofA-Merrill deal Fed Tried to Cover-up Its
Involvement in Bank of America-Merrill Deal U.S. Economy: Jobless Claims
Rise in Sign Labor Market Stagnant Dollar
drops on reserve currency doubts China sells US
bonds to ’show concern’ BRICs May Buy
Each Other’s Bonds in Shift From Dollar China’s holding of US bonds
drops first time in 11 months Russia to Raise Reserve
Currency Issue at BRIC International
Demand for Worthless U.S. Assets Slowed in April IMF says worst not over Senator cashed out during big
stock collapse -- after meeting with Fed, Treasury chiefs! America's AAA
downgrade danger...
Treasury
faces pressure on price of TARP exit A depression so deep even
teen shoppers scrimp US cities may have to be bulldozed in order to survive 1st quarter
wiped out $1.3 trillion for Americans Get Ready for Inflation and
Higher Interest Rates Oil prices near $73 as
energy rally continues Fed Would Be Shut Down If It
Were Audited Fed says
economy weak, but sees signs the slide increasing Mounting
deficits spark jitters about U.S. economy Wall Street falls as
realities dent recovery hopes
Bonds fall on
worries about government's debt load (AP) Oil prices
strike new high for 2009 (AP) The depression quietly deepens
CHINA
AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes,
We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake government job loss report near 40%
better than private forecasts…I don’t think so!…9.4% unemployment rate…try well
over 10% and with stopped looking included over 20% , Jim
Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now China explores
buying $50bn in IMF bonds US retailers
report May sales declines Tiny
Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector
job losses/factory orders worse than expected, new record continuing
unemployment claims, bernanke spend more money you don’t have but cut
debilitating deficit…riiiiight…sounds like a plan with more job losses to come,
etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As
the Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD
$63.8 TRILLION... The Big Collapse
Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record
decline in real estate prices, $80+ oil
coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
, world economy to shrink by worse than
previously predicted 2.9% and big difference between not getting worse and
getting better, leading
indicators up far more than expected … bull s**t …based in large part on
inflated stock price component … more bull s**t … new
reform with same old frauds say increased capital requirements and oversight of
the overseers/rating agencies (riiiiight!…same old,same old - already have but
no will to enforce existing laws, etc.), analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets Insiders Exit Shares at the
Fastest Pace in Two Years BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... The Next Bubble Is Here. Have You Bought In? Here
we go again! Barney Frank asks FANNIE and FREDDIE to relax Mortgage lending
rules... Fed Tried to Cover-up Its Involvement in Bank of America-Merrill
Deal Dollar
And Stocks Drop As China Calls For New Global Currency Citigroup
Ordered to Suspend Some Operations in Japan Bernanke
Grilling May Weaken Case for Fed as Risk Regulator Citi boosting salaries to offset lower bonuses,
allegedly to retain the clowns who helped make them taxpayer dependant and
cause the current debacle; how ‘bout firing them instead and offering
opportunity to the new, particularly non-ivy league vegetable garden grads [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. Home Prices Drop 6.8 Percent
in April as Foreclosures Rise [$$] Red Roof Inn Defaults on Mortgage Debt (at The
Wall Street Journal Online)
MySpace to cut two-thirds of global
workforce GM to cut 4,000 more white-collar jobs
by year end Oracle tops forecasts despite sales,
profit dip; stated another way, bad news will be shilled as good news (AP) California
Collapsing Bankster “Holiday” Planned for
September? Recession Sparking Global Unrest
Is Your Portfolio Ready for the Next
Leg Down? S&P turns negative for year in
broad sell-off (Reuters) Goldman Sachs on pace for record bonuses: report
(Reuters) Numbers On Welfare See Sharp
Increase Top Insiders Playing You For A
Sucker? The death of the dollar. Who
could deny it? Stanford indicted in
massive U.S. fraud case which is small potatoes compared to ubiquitously
massive wall street securities fraud which caused the ongoing financial debacle Venture
Capital Bubble Set to Burst, Kedrosky Says Obama Plans to Cut Bank
Regulators, Allow Fed to Supervise Financial Holding Companies – The old fox
guarding the henhouse tricks Federal Reserve unwisely to
gain power under plan Federal Reserve Foolishly
To
Be Given Sweeping New Powers Yen Strengthens Most in Month
as Asian Stocks Drop, Gold Gains RUSSIA
CHALLENGES WORTHLESS DOLLAR... AIG says former
top exec plundered retirement plan [video] The Too-Big-to-Fail
Problem [6.8 min] (at MarketWatch) [$$] Too Big to
Solve? (at The Wall Street Journal Online) Buy and Hold Is
Dead. Long Live Buy and Hold! Financial Bailout Plan Keeps
Zombie Banks Alive Bernanke then as now in denial
about looming crisis 2005-2007 Retail sales,
drop in jobless claims to a very high even if believed 601,000 yielding record
continuing claims of 6.8 million fuel hope…if you’re a dope Lawmakers
blast Fed, Treasury for BofA "threats" Oil climbs over $73 on
hopes for rising demand U.S. Household
Worth Fell by $1.3 Trillion in First Quarter Predictions of $250
a barrel on oil ECB Fears Reality
of Banking Crisis in 2010: Report Get Ready for Inflation and
Higher Interest Rates Bill To Audit Federal Reserve
Now Has 209 Co-Sponsors Russia May Swap Some U.S.
Treasuries for IMF Debt Fed report shows losses on Bear Stearns, AIG holdings Congress subpoenas the Fed ... Finally!
(AP) Brazil in recession, recovery unlikely this year What a “Jobless Recovery”
Really Means: A Massive Redistribution of Wealth from the Little Guy to the Big
Boys Obama
Tells American Businesses to Drop Dead America’s Fed Addiction “87
Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are Unsafe” Fed Said to Retreat
From Seeking Power to Sell Its Own Debt/Bills WIRE:
Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory
Loss
Obama’s economic model versus
reality Reality
bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government
reports better than private estimates…riiiiight! President
of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now Benefit spending
soars to new high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC:
OIL COULD REACH $90... ----- Existing home
foreclosure sales up, and no profit discount car sales better than
expected Diluting like crazy through new stock
bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
(7-20-09) Dow
8,848.15 +104.21 +1.19%To stamp out fraud, no change from suckers’ rally worth
reporting for second, third, fourth weeks of March and April -436 for the first week of March -12% for the month of February -8.8% (-775) for the
month of January -1% for fourth week of
January -2.5% for third week of January -4% for second week of January -5% for first full week of
January -34% for the year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,909.29 +22.68
+1.20% To
stamp out fraud, no change from suckers’ rally worth reporting for second,
third, fourth weeks of March and April -84 for the first week of March -7% for the month of February -6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P
500 951.13
+10.75 +1.03%To stamp out fraud, no change from
suckers’ rally worth reporting for second,
third, fourth weeks
of March and
April -52 for the first week of March -11%
for the month of February -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $63.56
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.56 (reg. gas in LAND
OF FRUITS AND NUTS $2.88 REG./ $3.08
MID-GRADE/ $3.20PREM./ $2.83 DIESEL)/
GOLD $948.80 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $13.62
PLATINUM $1,193 / DOLLAR= .70 EURO, 93 YEN, .60 POUND STERLING, ETC. (How low
can you go - LOWER)/ 10 YR NOTE YIELD 3.61% …..… AP Business Highlights … ...Yahoo Market Update... ] YAHOO
- BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Must Read
Economic/Financial Data ABSOLUTELY, ABSURDLY,
RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN IN THIS UNIQUELY PREPOSTEROUS AND
FRAUDULENT ENVIRONMENT! CONTINUED PROGRAMMED SUCKERS’ RALLY INTO THE CLOSE ON
THE ULTIMATE BOOTSTRAP (IE., HIGHER WORTHLESS STOCK COMPONENT OF LEADING
INDICATORS LIFTS INDICATOR PALTRY .7%, ETC.) OR NOTHING REALLY POSITIVE AT ALL
( Max
Keiser: Goldman Sachs Are “Scum,” “Financial Terrorists” Bank profits not as impressive as they seem
when you take into account TARP funding, changed accounting rules to fudge
books, new stock issues, etc… um Cost
Of Bailout Hits A Whopping $24 Trillion Dollars Stearns Crucifies Paulson On Bailout Bait And Switch
Fiscal ruin of the Western world beckons Foreign Embassies Urged to Stockpile Local Currencies
Bailout
Overseer Says Banks Misused TARP Funds Regulators shut banks in Calif., Ga. and SD ) TO KEEP
SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly [$$] Big Pay
Packages Return to Wall Street as new fraud gains steam (at The Wall Street
Journal Online) Max Keiser: Goldman Sachs
gang are ’scum’ who have co-opted U.S. gov’t Max
Keiser: Goldman Sachs Are “Scum,” “Financial Terrorists” Max Keiser goes on the offensive during an
appearance on France 24 as he slams Goldman Sachs as “scum” and “financial
terrorists” who should be thrown in jail.
‘Printing
money will lead to serious problems down the road,’ says Jim Rogers ] BASED ON
CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... Fed:
unemployment will top 10 percent this year... Foreclosures (those increased home
sales that has been fueling suckers’ rally)
rise 15 percent in first half of 2009 (7-17) Three more banks
fail, bringing 2009 tally to more than double all of 2008 at a total thus far
of 57 Lower Markets on the Horizon Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly The Ultimate Insider Trading Scheme Max Keiser: Goldman Sachs
gang are ’scum’ who have co-opted U.S. gov’t Cost
Of Bailout Hits A Whopping $24 Trillion Dollars Stearns Crucifies Paulson On Bailout Bait And Switch
Fiscal ruin of the Western world beckons Foreign Embassies Urged to Stockpile Local Currencies
Bailout
Overseer Says Banks Misused TARP Funds TARP watchdog says Treasury lacking bank data Goldman Sachs
caused the problems in the first
place… Who can deny that? Budget deficit tops $1 trillion for first time
(AP) CIT Watch: Analysts Says Debt Load Isn't the
Only Problem Geithner Refuses to Rule Out
Continuing Using American Taxpayer as Piggy Bank for Derivatives Losses
WHITE
HOUSE ECON ADVISER CLAIMS SUCCESS: FEWER PEOPLE SEARCHING 'ECONOMIC DEPRESSION'
ON GOOGLE BECAUSE EXPERIENCING IT FIRST-HAND THEY ALREADY KNOW WHAT ECONOMIC
DEPRESSION IS... What
Economy? There’s Nothing Left to Recover There is no economy left to recover. The US manufacturing economy
was lost to offshoring and free trade ideology. It was replaced by a mythical
“New Economy “ ; less bad, not as bad as expected…riiiiight!, tarp money
for the commission frauds on wall street in new manufactured bubble as
actual/real manufacturing down again; consumer confidence down,
commercial loans begin default phase of downturn, 6.9 million continuing
unemployment claims for new record; retail sales down sharply
Economist:
FDIC gearing up for bank closures Goldman Sachs Admits Its Software Can “Manipulate Markets
in Unfair Ways and fraudulently generate commissions /trade volume” Max Keiser: Goldman Sachs gang
are ’scum’ who have co-opted U.S. gov’t You Tube | Goldman Sachs are scum– that’s the bottom line.
They have co-opted the government, the Treasury Department and the Federal
Reserve’s functionality. They’ve co-opted the Obama administration & Barack
Obama dances to Goldman Sachs’ tune. True unemployment rate already at 20% This Depression
Will Last For Years Wyoming sees
first bank failure since 1991 China
criticizes dollar AIG Preparing to Pay New
Round of Bonuses... While Talking About Keynesian Stimulus, Feds Are Really
Just Giving Money to the Big Frauds
FDIC
Insurance Fund: It Doesn’t Actually Exist Replacing the dollar as reserve currency US loses 467,000 jobs, unemployment at 9.5% 'We're in the Middle of a Crash': Black Swan... Economic
Expectations – Unemployment Rate Will Reach 15% David Tice: We are going into a depression-15%
unemployment or more on horizon. U.S. consumers fall behind on loans at
record pace FBI: Mortgage
fraud 'rampant' and growing... Celente and Schiff
Predict Food Panic This Year. Watch clips HERE. Fema Camps Built. Wall Street hits 10-week low amid talk of new
stimulus (7-2)Seven more banks fail,
bringing 2009 tally to more than double all of 2008 at a total thus far of 52;
Private sector sheds another 473,000 jobs in June... US lurching towards ‘debt
explosion’ with long-term interest rates on course to double Jim Rogers Sells Dollars, Plans
to Short Treasuries ‘Sucker’s Rally Beginning To Unwind’ daaaah…? Calls grow to supplant dollar as global currency China officials
call for displacing dollar, in time Tracking Two
Depressions, 1929 and now this Mortgage applications fall to 7-month low... Private
sector sheds another 473,000 jobs in June... 'Layoffs may be worsening'... AIG shares drop
after 1-for-20 reverse-stock split (AP) Manhattan
apartment prices skid 13 to 19 percent Job
losses / job concerns realistically weigh on confidence, real estate
values/prices continue downward trend as per Case / Shiller Index (-18.1%, -21%
in california) Consumer
confidence suffers steep fall... Home prices post 18% annual
drop... Worldwide Depression: Review of Global Markets . Four banks
fail, bringing 2009 tally to 19 more than all of 2008 at a total thus far of 44 Dollar Falls Most in Month as China Urges New Reserve
Currency Gerald Celente speaks on Cap and Trade and other handicaps
to the US economy HOW MANY TIMES
CAN THE WALL STREET FRAUDS, WITH CYCLICAL REGULARITY, DO THE SAME OR SIMILAR
FRAUD WITH IMPUNITY (STILL NOT ONE PROSECUTION IN THE MOST RECENT MASSIVE SECURITIES FRAUD, BUT PLENTY OF
OBFUSCATION EMANATING FROM THE PERPETRATORS AS WELL AS THOSE WHO SHOULD BE
PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK MARKET BUBBLE BASED UPON
NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T), CHANGING ACCOUNTING RULES TO
FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH THE SOURCE OF FUNDS TO EVEN PAY
BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD IS GENERATED [SAVINGS AND LOAN
DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE, RECYCLED /REPACKAGED /RESOLD
/RECOMMISSIONED WORTHLESS COLLATERALIZED SECURITIES /PAPER (IN THE TRILLIONS
YET STILL NOT ADDRESSED), ETC., THE FRAUDS ARE GETTING LARGER, HENCE THE
RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC! … THAT MONEY HAS TO COME FROM
SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS, … NOT OUT OF THIN AIR! ]
TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , personal
income up modest .2% and spending down, China calls for new reserve currency to
supplant worthless dollar Dollar
And Stocks Drop As China Calls For New Global Currency , continuing
unemployment claims at or near record 627,000, weekly unemployment claims up
15,000, and GDP contraction –5.5%, all worse than expected (lennar wider than
expected quarterly loss rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing words/b.s. from fed which
previously predicted no recession that economy still contracting but that the
contraction is somewhat slowing…what b**l s**t!…, analysts- buffet/economy in
shambles, Hogan/negative GDP growth and inflation owing to debasement of the
dollar as well as deficit spending/pump-priming in the trillions, joker
stein/economy a mess and continued job losses, new home sales down .6%; U.S. Home Prices Drop 6.8
Percent in April as Foreclosures Rise foreclosure sales
up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their
40th bank of the year , Next
Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9%
and big difference between not getting worse and getting better, market got
ahead of itself, stalled out, still depression/more job losses, higher oil-gas
prices / higher interest rates / heavy debt to pare down is 1-3 year drag on
economy, even if believed (I don’t) the labor dept. far better than expected
job numbers by increased debt (spending) to produce same is not economically
sound or sustainable, viz., record spending with record low revenues, rating
cuts for bank sector, analysts concur in significant 5-15% (reality says
15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down
1.1%, housing starts allegedly up but if believed will only increase the
plethora of unsold inventories, empire manufacturing index suffers unexpectedly
severe decline…daaaah!, credit dard defaults at record high, analysts concur
that fundamentals don’t support stock rally and that pac money(defacto bribes)
might derail any meaningful reform/regulation which is of concern to the frauds
on wall street who should be prosecuted, record loss of wealth, higher gas
prices, job losses, higher interest rates / yields, higher commodity prices,
higher deficits, hyperinflation, record continuing unemployment claims at 6.8
million, worthless Weimar dollar crashing,
money supply exploding with hyperinflation/higher interest rates coming,
budget deficit at new highs and trade deficit worse than expected, analyst who
called crash says inflationary depression, banks passed stress tests only with
the help of fraudulent change in accounting rules, banks still insolvent, toxic
assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end
of year, Obama/bernanke continuing failed policies of bush greenspan,
recommends getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not
Over” 6/9/2009 Markets See a Breakdown in
Technical Support Levels Roubini: USA sees
double-dip recession... Jobless claims rise; GDP dips in 1Q Bernanke faces GOP-led (who are they
kidding-bushies/paulsen went so far as threaten martial law- prosecute now!
They continue to allow the wall street fraud and political theater doesn’t
change their complicity) heat on BofA-Merrill deal Fed Tried to Cover-up Its
Involvement in Bank of America-Merrill Deal U.S. Economy: Jobless Claims
Rise in Sign Labor Market Stagnant Dollar
drops on reserve currency doubts China sells US
bonds to ’show concern’ BRICs May Buy
Each Other’s Bonds in Shift From Dollar China’s holding of US bonds
drops first time in 11 months Russia to Raise Reserve
Currency Issue at BRIC International
Demand for Worthless U.S. Assets Slowed in April IMF says worst not over Senator cashed out during big
stock collapse -- after meeting with Fed, Treasury chiefs! America's AAA
downgrade danger...
Treasury
faces pressure on price of TARP exit A depression so deep even
teen shoppers scrimp US cities may have to be bulldozed in order to survive 1st quarter
wiped out $1.3 trillion for Americans Get Ready for Inflation and
Higher Interest Rates Oil prices near $73 as
energy rally continues Fed Would Be Shut Down If It
Were Audited Fed says
economy weak, but sees signs the slide increasing Mounting
deficits spark jitters about U.S. economy Wall Street falls as
realities dent recovery hopes
Bonds fall on
worries about government's debt load (AP) Oil prices
strike new high for 2009 (AP) The depression quietly deepens
CHINA
AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes,
We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake government job loss report near 40%
better than private forecasts…I don’t think so!…9.4% unemployment rate…try well
over 10% and with stopped looking included over 20% , Jim
Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now China explores
buying $50bn in IMF bonds US retailers
report May sales declines Tiny
Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector
job losses/factory orders worse than expected, new record continuing unemployment
claims, bernanke spend more money you don’t have but cut debilitating
deficit…riiiiight…sounds like a plan with more job losses to come, etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As
the Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD
$63.8 TRILLION... The Big Collapse
Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record
decline in real estate prices, $80+ oil
coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
, world economy to shrink by worse than
previously predicted 2.9% and big difference between not getting worse and
getting better, leading
indicators up far more than expected … bull s**t …based in large part on
inflated stock price component … more bull s**t … new
reform with same old frauds say increased capital requirements and oversight of
the overseers/rating agencies (riiiiight!…same old,same old - already have but
no will to enforce existing laws, etc.), analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets Insiders Exit Shares at the
Fastest Pace in Two Years BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... The Next Bubble Is Here. Have You Bought In? Here
we go again! Barney Frank asks FANNIE and FREDDIE to relax Mortgage lending
rules... Fed Tried to Cover-up Its Involvement in Bank of America-Merrill
Deal Dollar
And Stocks Drop As China Calls For New Global Currency Citigroup
Ordered to Suspend Some Operations in Japan Bernanke
Grilling May Weaken Case for Fed as Risk Regulator Citi boosting salaries to offset lower bonuses,
allegedly to retain the clowns who helped make them taxpayer dependant and
cause the current debacle; how ‘bout firing them instead and offering
opportunity to the new, particularly non-ivy league vegetable garden grads [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. Home Prices Drop 6.8 Percent
in April as Foreclosures Rise [$$] Red Roof Inn Defaults on Mortgage Debt (at The
Wall Street Journal Online)
MySpace to cut two-thirds of global
workforce GM to cut 4,000 more white-collar jobs
by year end Oracle tops forecasts despite sales,
profit dip; stated another way, bad news will be shilled as good news (AP) California
Collapsing Bankster “Holiday” Planned for
September? Recession Sparking Global Unrest
Is Your Portfolio Ready for the Next
Leg Down? S&P turns negative for year in
broad sell-off (Reuters) Goldman Sachs on pace for record bonuses: report
(Reuters) Numbers On Welfare See Sharp
Increase Top Insiders Playing You For A
Sucker? The death of the dollar. Who
could deny it? Stanford indicted in
massive U.S. fraud case which is small potatoes compared to ubiquitously
massive wall street securities fraud which caused the ongoing financial debacle Venture
Capital Bubble Set to Burst, Kedrosky Says Obama Plans to Cut Bank
Regulators, Allow Fed to Supervise Financial Holding Companies – The old fox
guarding the henhouse tricks Federal Reserve unwisely to
gain power under plan Federal Reserve Foolishly
To
Be Given Sweeping New Powers Yen Strengthens Most in Month
as Asian Stocks Drop, Gold Gains RUSSIA
CHALLENGES WORTHLESS DOLLAR... AIG says former
top exec plundered retirement plan [video] The Too-Big-to-Fail
Problem [6.8 min] (at MarketWatch) [$$] Too Big to
Solve? (at The Wall Street Journal Online) Buy and Hold Is
Dead. Long Live Buy and Hold! Financial Bailout Plan Keeps
Zombie Banks Alive Bernanke then as now in denial
about looming crisis 2005-2007 Retail sales,
drop in jobless claims to a very high even if believed 601,000 yielding record
continuing claims of 6.8 million fuel hope…if you’re a dope Lawmakers
blast Fed, Treasury for BofA "threats" Oil climbs over $73 on
hopes for rising demand U.S. Household
Worth Fell by $1.3 Trillion in First Quarter Predictions of $250
a barrel on oil ECB Fears Reality
of Banking Crisis in 2010: Report Get Ready for Inflation and
Higher Interest Rates Bill To Audit Federal Reserve
Now Has 209 Co-Sponsors Russia May Swap Some U.S.
Treasuries for IMF Debt Fed report shows losses on Bear Stearns, AIG holdings Congress subpoenas the Fed ... Finally!
(AP) Brazil in recession, recovery unlikely this year What a “Jobless Recovery”
Really Means: A Massive Redistribution of Wealth from the Little Guy to the Big
Boys Obama
Tells American Businesses to Drop Dead America’s Fed Addiction “87
Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are Unsafe” Fed Said to
Retreat From Seeking Power to Sell Its Own Debt/Bills WIRE:
Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory
Loss
Obama’s economic model versus
reality Reality
bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government
reports better than private estimates…riiiiight! President
of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now Benefit spending
soars to new high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC:
OIL COULD REACH $90... ----- Existing home
foreclosure sales up, and no profit discount car sales better than
expected Diluting like crazy through new stock
bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
(7-17-09) Dow
8,743.94 +32.12
+0.37% To
stamp out fraud, no change from suckers’ rally worth reporting for second,
third, fourth weeks of March and April -436 for the first week of March -12% for
the month of February -8.8% (-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of January -5% for first full week of
January -34% for the year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,886.61 +1.58
+0.08% To
stamp out fraud, no change from suckers’ rally worth reporting for second,
third, fourth weeks of March and April -84 for the first week of March -7% for the month of February -6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P
500 1,886.61 +1.58
+0.08% To
stamp out fraud, no change from suckers’ rally worth reporting for second, third, fourth weeks of March and April -52 for the first week of
March -11% for the month of February -8.6% (-75) for the
month of January -1% for fourth week of January
-2.3% for third week of January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $63.56
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.56 (reg. gas in LAND
OF FRUITS AND NUTS $2.88 REG./ $3.08
MID-GRADE/ $3.20PREM./ $2.83 DIESEL)/
GOLD $938 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $13.40
PLATINUM $1,176 / DOLLAR= .70 EURO, 93 YEN, .60 POUND STERLING, ETC. (How low
can you go - LOWER)/ 10 YR NOTE YIELD 3.65% …..… AP Business Highlights … ...Yahoo Market Update... ] YAHOO
- BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Must Read
Economic/Financial Data ABSOLUTELY, ABSURDLY,
RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN IN THIS UNIQUELY PREPOSTEROUS AND
FRAUDULENT ENVIRONMENT! CONTINUED PROGRAMMED SUCKERS’ RALLY INTO THE CLOSE ON
NOTHING REALLY POSITIVE AT ALL ( Max
Keiser: Goldman Sachs Are “Scum,” “Financial Terrorists” Bank profits not as impressive as they seem
when you take into account TARP funding, changed accounting rules to fudge
books, new stock issues, etc… um Regulators shut banks in Calif., Ga. and SD ) TO KEEP
SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly [$$] Big Pay
Packages Return to Wall Street as new fraud gains steam (at The Wall Street
Journal Online) Max Keiser: Goldman Sachs
gang are ’scum’ who have co-opted U.S. gov’t Max
Keiser: Goldman Sachs Are “Scum,” “Financial Terrorists” Max Keiser goes on the offensive during an
appearance on France 24 as he slams Goldman Sachs as “scum” and “financial
terrorists” who should be thrown in jail.
‘Printing
money will lead to serious problems down the road,’ says Jim Rogers ] BASED ON
CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... Fed:
unemployment will top 10 percent this year... Foreclosures (those increased home
sales that has been fueling suckers’ rally)
rise 15 percent in first half of 2009 (7-17) Three more banks
fail, bringing 2009 tally to more than double all of 2008 at a total thus far
of 57 Lower Markets on the Horizon Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly The Ultimate Insider Trading Scheme Max Keiser: Goldman Sachs
gang are ’scum’ who have co-opted U.S. gov’t Budget deficit tops $1 trillion for first time
(AP) CIT Watch: Analysts Says Debt Load Isn't the
Only Problem Geithner Refuses to Rule Out
Continuing Using American Taxpayer as Piggy Bank for Derivatives Losses
WHITE
HOUSE ECON ADVISER CLAIMS SUCCESS: FEWER PEOPLE SEARCHING 'ECONOMIC DEPRESSION'
ON GOOGLE BECAUSE EXPERIENCING IT FIRST-HAND THEY ALREADY KNOW WHAT ECONOMIC
DEPRESSION IS... What
Economy? There’s Nothing Left to Recover There is no economy left to recover. The US manufacturing economy
was lost to offshoring and free trade ideology. It was replaced by a mythical “New
Economy “ ; less bad, not as bad as expected…riiiiight!, tarp money for
the commission frauds on wall street in new manufactured bubble as actual/real
manufacturing down again; consumer confidence down, commercial loans begin
default phase of downturn, 6.9 million continuing unemployment claims for new
record; retail sales down sharply Economist:
FDIC gearing up for bank closures Goldman Sachs Admits Its Software Can “Manipulate Markets
in Unfair Ways and fraudulently generate commissions /trade volume” Max Keiser: Goldman Sachs gang
are ’scum’ who have co-opted U.S. gov’t You Tube | Goldman Sachs are scum– that’s the bottom line.
They have co-opted the government, the Treasury Department and the Federal
Reserve’s functionality. They’ve co-opted the Obama administration & Barack
Obama dances to Goldman Sachs’ tune. True unemployment rate already at 20% This Depression
Will Last For Years Wyoming sees
first bank failure since 1991 China
criticizes dollar AIG Preparing to Pay New
Round of Bonuses... While Talking About Keynesian Stimulus, Feds Are Really
Just Giving Money to the Big Frauds
FDIC
Insurance Fund: It Doesn’t Actually Exist Replacing the dollar as reserve currency US loses 467,000 jobs, unemployment at 9.5% 'We're in the Middle of a Crash': Black Swan... Economic
Expectations – Unemployment Rate Will Reach 15% David Tice: We are going into a depression-15%
unemployment or more on horizon. U.S. consumers fall behind on loans at
record pace FBI: Mortgage fraud
'rampant' and growing... Celente and Schiff
Predict Food Panic This Year. Watch clips HERE. Fema Camps Built. Wall Street hits 10-week low amid talk of new
stimulus (7-2)Seven more banks fail,
bringing 2009 tally to more than double all of 2008 at a total thus far of 52;
Private sector sheds another 473,000 jobs in June... US lurching towards ‘debt
explosion’ with long-term interest rates on course to double Jim Rogers Sells Dollars, Plans
to Short Treasuries ‘Sucker’s Rally Beginning To Unwind’ daaaah…? Calls grow to supplant dollar as global currency China officials
call for displacing dollar, in time Tracking Two
Depressions, 1929 and now this Mortgage applications fall to 7-month low... Private
sector sheds another 473,000 jobs in June... 'Layoffs may be worsening'... AIG shares drop
after 1-for-20 reverse-stock split (AP) Manhattan
apartment prices skid 13 to 19 percent Job
losses / job concerns realistically weigh on confidence, real estate
values/prices continue downward trend as per Case / Shiller Index (-18.1%, -21%
in california) Consumer
confidence suffers steep fall... Home prices post 18% annual
drop... Worldwide Depression: Review of Global Markets . Four banks
fail, bringing 2009 tally to 19 more than all of 2008 at a total thus far of 44 Dollar Falls Most in Month as China Urges New Reserve
Currency Gerald Celente speaks on Cap and Trade and other handicaps
to the US economy HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH
CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT ONE
PROSECUTION IN THE MOST RECENT MASSIVE
SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS
WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK
MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T),
CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH
THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD
IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE,
RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED
SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS
ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC!
… THAT MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS,
… NOT OUT OF THIN AIR! ] TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP
SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report (Reuters) ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , personal
income up modest .2% and spending down, China calls for new reserve currency to
supplant worthless dollar Dollar
And Stocks Drop As China Calls For New Global Currency , continuing
unemployment claims at or near record 627,000, weekly unemployment claims up
15,000, and GDP contraction –5.5%, all worse than expected (lennar wider than
expected quarterly loss rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing words/b.s. from fed which
previously predicted no recession that economy still contracting but that the
contraction is somewhat slowing…what b**l s**t!…, analysts- buffet/economy in
shambles, Hogan/negative GDP growth and inflation owing to debasement of the
dollar as well as deficit spending/pump-priming in the trillions, joker
stein/economy a mess and continued job losses, new home sales down .6%; U.S. Home Prices Drop 6.8
Percent in April as Foreclosures Rise foreclosure sales
up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their
40th bank of the year , Next
Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9%
and big difference between not getting worse and getting better, market got
ahead of itself, stalled out, still depression/more job losses, higher oil-gas
prices / higher interest rates / heavy debt to pare down is 1-3 year drag on
economy, even if believed (I don’t) the labor dept. far better than expected
job numbers by increased debt (spending) to produce same is not economically
sound or sustainable, viz., record spending with record low revenues, rating
cuts for bank sector, analysts concur in significant 5-15% (reality says
15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down
1.1%, housing starts allegedly up but if believed will only increase the
plethora of unsold inventories, empire manufacturing index suffers unexpectedly
severe decline…daaaah!, credit dard defaults at record high, analysts concur
that fundamentals don’t support stock rally and that pac money(defacto bribes)
might derail any meaningful reform/regulation which is of concern to the frauds
on wall street who should be prosecuted, record loss of wealth, higher gas
prices, job losses, higher interest rates / yields, higher commodity prices,
higher deficits, hyperinflation, record continuing unemployment claims at 6.8
million, worthless Weimar dollar crashing,
money supply exploding with hyperinflation/higher interest rates coming,
budget deficit at new highs and trade deficit worse than expected, analyst who
called crash says inflationary depression, banks passed stress tests only with
the help of fraudulent change in accounting rules, banks still insolvent, toxic
assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end
of year, Obama/bernanke continuing failed policies of bush greenspan,
recommends getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not
Over” 6/9/2009 Markets See a Breakdown in
Technical Support Levels Roubini: USA sees
double-dip recession... Jobless claims rise; GDP dips in 1Q Bernanke faces GOP-led (who are they
kidding-bushies/paulsen went so far as threaten martial law- prosecute now!
They continue to allow the wall street fraud and political theater doesn’t
change their complicity) heat on BofA-Merrill deal Fed Tried to Cover-up Its
Involvement in Bank of America-Merrill Deal U.S. Economy: Jobless Claims
Rise in Sign Labor Market Stagnant Dollar
drops on reserve currency doubts China sells US
bonds to ’show concern’ BRICs May Buy
Each Other’s Bonds in Shift From Dollar China’s holding of US bonds
drops first time in 11 months Russia to Raise Reserve
Currency Issue at BRIC International
Demand for Worthless U.S. Assets Slowed in April IMF says worst not over Senator cashed out during big
stock collapse -- after meeting with Fed, Treasury chiefs! America's AAA
downgrade danger...
Treasury
faces pressure on price of TARP exit A depression so deep even
teen shoppers scrimp US cities may have to be bulldozed in order to survive 1st quarter wiped
out $1.3 trillion for Americans Get Ready for Inflation and
Higher Interest Rates Oil prices near $73 as
energy rally continues Fed Would Be Shut Down If It
Were Audited Fed says
economy weak, but sees signs the slide increasing Mounting
deficits spark jitters about U.S. economy Wall Street falls as
realities dent recovery hopes
Bonds fall on
worries about government's debt load (AP) Oil prices
strike new high for 2009 (AP) The depression quietly deepens
CHINA
AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes,
We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake government job loss report near 40%
better than private forecasts…I don’t think so!…9.4% unemployment rate…try well
over 10% and with stopped looking included over 20% , Jim
Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now China explores
buying $50bn in IMF bonds US retailers
report May sales declines Tiny
Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector
job losses/factory orders worse than expected, new record continuing
unemployment claims, bernanke spend more money you don’t have but cut
debilitating deficit…riiiiight…sounds like a plan with more job losses to come,
etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As
the Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD
$63.8 TRILLION... The Big Collapse
Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record decline in real estate
prices, $80+ oil coming
this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
, world economy to shrink by worse than
previously predicted 2.9% and big difference between not getting worse and
getting better, leading
indicators up far more than expected … bull s**t …based in large part on
inflated stock price component … more bull s**t … new
reform with same old frauds say increased capital requirements and oversight of
the overseers/rating agencies (riiiiight!…same old,same old - already have but
no will to enforce existing laws, etc.), analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets Insiders Exit Shares at the
Fastest Pace in Two Years BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... The Next Bubble Is Here. Have You Bought In? Here
we go again! Barney Frank asks FANNIE and FREDDIE to relax Mortgage lending
rules... Fed Tried to Cover-up Its Involvement in Bank of America-Merrill
Deal Dollar
And Stocks Drop As China Calls For New Global Currency Citigroup
Ordered to Suspend Some Operations in Japan Bernanke
Grilling May Weaken Case for Fed as Risk Regulator Citi boosting salaries to offset lower bonuses,
allegedly to retain the clowns who helped make them taxpayer dependant and
cause the current debacle; how ‘bout firing them instead and offering
opportunity to the new, particularly non-ivy league vegetable garden grads [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. Home Prices Drop 6.8 Percent
in April as Foreclosures Rise [$$] Red Roof Inn Defaults on Mortgage Debt (at The
Wall Street Journal Online)
MySpace to cut two-thirds of global
workforce GM to cut 4,000 more white-collar jobs
by year end Oracle tops forecasts despite sales,
profit dip; stated another way, bad news will be shilled as good news (AP) California
Collapsing Bankster “Holiday” Planned for
September? Recession Sparking Global Unrest
Is Your Portfolio Ready for the Next
Leg Down? S&P turns negative for year in
broad sell-off (Reuters) Goldman Sachs on pace for record bonuses: report
(Reuters) Numbers On Welfare See Sharp
Increase Top Insiders Playing You For A
Sucker? The death of the dollar. Who
could deny it? Stanford indicted in
massive U.S. fraud case which is small potatoes compared to ubiquitously
massive wall street securities fraud which caused the ongoing financial debacle Venture
Capital Bubble Set to Burst, Kedrosky Says Obama Plans to Cut Bank
Regulators, Allow Fed to Supervise Financial Holding Companies – The old fox
guarding the henhouse tricks Federal Reserve unwisely to
gain power under plan Federal Reserve Foolishly
To
Be Given Sweeping New Powers Yen Strengthens Most in Month
as Asian Stocks Drop, Gold Gains RUSSIA
CHALLENGES WORTHLESS DOLLAR... AIG says former
top exec plundered retirement plan [video] The Too-Big-to-Fail
Problem [6.8 min] (at MarketWatch) [$$] Too Big to
Solve? (at The Wall Street Journal Online) Buy and Hold Is
Dead. Long Live Buy and Hold! Financial Bailout Plan Keeps
Zombie Banks Alive Bernanke then as now in denial
about looming crisis 2005-2007 Retail sales,
drop in jobless claims to a very high even if believed 601,000 yielding record
continuing claims of 6.8 million fuel hope…if you’re a dope Lawmakers
blast Fed, Treasury for BofA "threats" Oil climbs over $73 on
hopes for rising demand U.S. Household
Worth Fell by $1.3 Trillion in First Quarter Predictions of $250
a barrel on oil ECB Fears Reality
of Banking Crisis in 2010: Report Get Ready for Inflation and
Higher Interest Rates Bill To Audit Federal Reserve
Now Has 209 Co-Sponsors Russia May Swap Some U.S.
Treasuries for IMF Debt Fed report shows losses on Bear Stearns, AIG holdings Congress subpoenas the Fed ... Finally!
(AP) Brazil in recession, recovery unlikely this year What a “Jobless Recovery”
Really Means: A Massive Redistribution of Wealth from the Little Guy to the Big
Boys Obama
Tells American Businesses to Drop Dead America’s Fed Addiction “87
Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are Unsafe” Fed Said to
Retreat From Seeking Power to Sell Its Own Debt/Bills WIRE:
Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory
Loss
Obama’s economic model versus
reality Reality
bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government
reports better than private estimates…riiiiight! President
of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now Benefit spending
soars to new high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC:
OIL COULD REACH $90... ----- Existing home
foreclosure sales up, and no profit discount car sales better than
expected Diluting like crazy through new stock
bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
(7-16-09) Dow
8,711 +95 +1% To stamp out fraud, no change from
suckers’ rally worth reporting for second, third, fourth weeks of March and
April -436 for the first week of
March -12% for the month of February -8.8% (-775) for the
month of January -1% for fourth week of
January -2.5% for third week of January -4% for second week of January -5% for first full week of
January -34% for the year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,885 +22 +1% To stamp out fraud, no change from suckers’ rally worth
reporting for second, third, fourth weeks of March and April -84 for
the first week of March -7% for the month of
February -6.4% (-101) for the month of
January -1% for fourth week of January
-3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P
500 940 +8 +0.90% To stamp out fraud, no change from
suckers’ rally worth reporting for second,
third, fourth weeks
of March and
April -52 for the first week of March -11%
for the month of February -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $62.05
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.56 (reg. gas in LAND
OF FRUITS AND NUTS $2.88 REG./ $3.08
MID-GRADE/ $3.20PREM./ $2.83 DIESEL)/
GOLD $935 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $13.25
PLATINUM $1,169 / DOLLAR= .70 EURO, 93 YEN, .60 POUND STERLING, ETC. (How low
can you go - LOWER)/ 10 YR NOTE YIELD 3.56% …..… AP Business Highlights … ...Yahoo Market Update... ] YAHOO
- BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Must Read Economic/Financial
Data ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE
PROFITS WHILE YOU CAN IN THIS UNIQUELY PREPOSTEROUS AND FRAUDULENT ENVIRONMENT!
CONTINUED PROGRAMMED SUCKERS’ RALLY INTO THE CLOSE ON WHAT ROUBINI (THE
CONFLICTED IRANIAN JEW) SAID WERE HIS COMMENTS TAKEN OUT OF CONTEXT (ACTUALLY
WORSE SCENARIO LIKELY- W / DOUBLE DIP – BUT ON WALL STREET THEY’RE DESPERATE
AND ALWAYS GRASPING FOR STRAWS Roubini: Some People-- CNBC-- Have
Taken My Statements Out Of Context ) TO KEEP SUCKERS
SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly [$$] Big Pay
Packages Return to Wall Street as new fraud gains steam (at The Wall Street
Journal Online) Max Keiser: Goldman Sachs
gang are ’scum’ who have co-opted U.S. gov’t ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... Fed:
unemployment will top 10 percent this year... Foreclosures (those increased home
sales that has been fueling suckers’ rally)
rise 15 percent in first half of 2009 Lower Markets on the Horizon Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly The Ultimate Insider Trading Scheme Max Keiser: Goldman Sachs
gang are ’scum’ who have co-opted U.S. gov’t Budget deficit tops $1 trillion for first time
(AP) CIT Watch: Analysts Says Debt Load Isn't the
Only Problem Geithner Refuses to Rule Out
Continuing Using American Taxpayer as Piggy Bank for Derivatives Losses
Less
bad, not as bad as expected…riiiiight!, tarp money for the commission frauds on
wall street in new manufactured bubble as actual/real manufacturing down again;
consumer
confidence down, commercial loans begin default phase of downturn, 6.9 million
continuing unemployment claims for new record; retail sales down sharply
Economist:
FDIC gearing up for bank closures Goldman Sachs Admits Its Software Can “Manipulate Markets
in Unfair Ways and fraudulently generate commissions /trade volume” Max Keiser: Goldman Sachs gang
are ’scum’ who have co-opted U.S. gov’t You Tube | Goldman Sachs are scum– that’s the bottom line.
They have co-opted the government, the Treasury Department and the Federal
Reserve’s functionality. They’ve co-opted the Obama administration & Barack
Obama dances to Goldman Sachs’ tune. True unemployment rate already at 20% This Depression
Will Last For Years Wyoming sees
first bank failure since 1991 China
criticizes dollar AIG Preparing to Pay New
Round of Bonuses... While Talking About Keynesian Stimulus, Feds Are Really
Just Giving Money to the Big Frauds
FDIC
Insurance Fund: It Doesn’t Actually Exist Replacing the dollar as reserve currency US loses 467,000 jobs, unemployment at 9.5% 'We're in the Middle of a Crash': Black Swan... Economic
Expectations – Unemployment Rate Will Reach 15% David Tice: We are going into a depression-15%
unemployment or more on horizon. U.S. consumers fall behind on loans at
record pace FBI: Mortgage
fraud 'rampant' and growing... Celente and Schiff
Predict Food Panic This Year. Watch clips HERE. Fema Camps Built. Wall Street hits 10-week low amid talk of new
stimulus (7-2)Seven more banks fail,
bringing 2009 tally to more than double all of 2008 at a total thus far of 52;
Private sector sheds another 473,000 jobs in June... US lurching towards ‘debt
explosion’ with long-term interest rates on course to double Jim Rogers Sells Dollars, Plans
to Short Treasuries ‘Sucker’s Rally Beginning To Unwind’ daaaah…? Calls grow to supplant dollar as global currency China officials
call for displacing dollar, in time Tracking Two
Depressions, 1929 and now this Mortgage applications fall to 7-month low... Private
sector sheds another 473,000 jobs in June... 'Layoffs may be worsening'... AIG shares drop
after 1-for-20 reverse-stock split (AP) Manhattan
apartment prices skid 13 to 19 percent Job
losses / job concerns realistically weigh on confidence, real estate
values/prices continue downward trend as per Case / Shiller Index (-18.1%, -21%
in california) Consumer
confidence suffers steep fall... Home prices post 18% annual
drop... Worldwide Depression: Review of Global Markets . Four banks
fail, bringing 2009 tally to 19 more than all of 2008 at a total thus far of 44 Dollar Falls Most in Month as China Urges New Reserve
Currency Gerald Celente speaks on Cap and Trade and other handicaps
to the US economy HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH
CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT ONE
PROSECUTION IN THE MOST RECENT MASSIVE
SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS
WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK
MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T),
CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH
THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD
IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE,
RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED
SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS
ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC!
… THAT MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS,
… NOT OUT OF THIN AIR! ] TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP
SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , personal
income up modest .2% and spending down, China calls for new reserve currency to
supplant worthless dollar Dollar
And Stocks Drop As China Calls For New Global Currency , continuing
unemployment claims at or near record 627,000, weekly unemployment claims up
15,000, and GDP contraction –5.5%, all worse than expected (lennar wider than
expected quarterly loss rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing words/b.s. from fed which
previously predicted no recession that economy still contracting but that the
contraction is somewhat slowing…what b**l s**t!…, analysts- buffet/economy in
shambles, Hogan/negative GDP growth and inflation owing to debasement of the dollar
as well as deficit spending/pump-priming in the trillions, joker stein/economy
a mess and continued job losses, new home sales down .6%; U.S. Home Prices Drop 6.8
Percent in April as Foreclosures Rise foreclosure sales
up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their
40th bank of the year , Next
Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9%
and big difference between not getting worse and getting better, market got
ahead of itself, stalled out, still depression/more job losses, higher oil-gas
prices / higher interest rates / heavy debt to pare down is 1-3 year drag on
economy, even if believed (I don’t) the labor dept. far better than expected
job numbers by increased debt (spending) to produce same is not economically
sound or sustainable, viz., record spending with record low revenues, rating
cuts for bank sector, analysts concur in significant 5-15% (reality says
15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down
1.1%, housing starts allegedly up but if believed will only increase the
plethora of unsold inventories, empire manufacturing index suffers unexpectedly
severe decline…daaaah!, credit dard defaults at record high, analysts concur
that fundamentals don’t support stock rally and that pac money(defacto bribes)
might derail any meaningful reform/regulation which is of concern to the frauds
on wall street who should be prosecuted, record loss of wealth, higher gas
prices, job losses, higher interest rates / yields, higher commodity prices,
higher deficits, hyperinflation, record continuing unemployment claims at 6.8
million, worthless Weimar dollar crashing,
money supply exploding with hyperinflation/higher interest rates coming,
budget deficit at new highs and trade deficit worse than expected, analyst who
called crash says inflationary depression, banks passed stress tests only with
the help of fraudulent change in accounting rules, banks still insolvent, toxic
assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end
of year, Obama/bernanke continuing failed policies of bush greenspan,
recommends getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not
Over” 6/9/2009 Markets See a Breakdown in
Technical Support Levels Roubini: USA sees
double-dip recession... Jobless claims rise; GDP dips in 1Q Bernanke faces GOP-led (who are they
kidding-bushies/paulsen went so far as threaten martial law- prosecute now!
They continue to allow the wall street fraud and political theater doesn’t
change their complicity) heat on BofA-Merrill deal Fed Tried to Cover-up Its
Involvement in Bank of America-Merrill Deal U.S. Economy: Jobless Claims
Rise in Sign Labor Market Stagnant Dollar
drops on reserve currency doubts China sells US
bonds to ’show concern’ BRICs May Buy
Each Other’s Bonds in Shift From Dollar China’s holding of US bonds
drops first time in 11 months Russia to Raise Reserve Currency
Issue at BRIC International
Demand for Worthless U.S. Assets Slowed in April IMF says worst not over Senator cashed out during big
stock collapse -- after meeting with Fed, Treasury chiefs! America's AAA
downgrade danger...
Treasury
faces pressure on price of TARP exit A depression so deep even
teen shoppers scrimp US cities may have to be bulldozed in order to survive 1st quarter
wiped out $1.3 trillion for Americans Get Ready for Inflation and
Higher Interest Rates Oil prices near $73 as
energy rally continues Fed Would Be Shut Down If It
Were Audited Fed says
economy weak, but sees signs the slide increasing Mounting
deficits spark jitters about U.S. economy Wall Street falls as
realities dent recovery hopes
Bonds fall on
worries about government's debt load (AP) Oil prices
strike new high for 2009 (AP) The depression quietly deepens
CHINA
AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes,
We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake government job loss report near 40%
better than private forecasts…I don’t think so!…9.4% unemployment rate…try well
over 10% and with stopped looking included over 20% , Jim
Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now China explores
buying $50bn in IMF bonds US retailers
report May sales declines Tiny
Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector
job losses/factory orders worse than expected, new record continuing
unemployment claims, bernanke spend more money you don’t have but cut
debilitating deficit…riiiiight…sounds like a plan with more job losses to come,
etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As
the Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD
$63.8 TRILLION... The Big Collapse
Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record
decline in real estate prices, $80+ oil
coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
, world economy to shrink by worse than
previously predicted 2.9% and big difference between not getting worse and
getting better, leading
indicators up far more than expected … bull s**t …based in large part on
inflated stock price component … more bull s**t … new
reform with same old frauds say increased capital requirements and oversight of
the overseers/rating agencies (riiiiight!…same old,same old - already have but
no will to enforce existing laws, etc.), analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets Insiders Exit Shares at the
Fastest Pace in Two Years BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... The Next Bubble Is Here. Have You Bought In? Here
we go again! Barney Frank asks FANNIE and FREDDIE to relax Mortgage lending
rules... Fed Tried to Cover-up Its Involvement in Bank of America-Merrill
Deal Dollar
And Stocks Drop As China Calls For New Global Currency Citigroup
Ordered to Suspend Some Operations in Japan Bernanke
Grilling May Weaken Case for Fed as Risk Regulator Citi boosting salaries to offset lower bonuses,
allegedly to retain the clowns who helped make them taxpayer dependant and
cause the current debacle; how ‘bout firing them instead and offering
opportunity to the new, particularly non-ivy league vegetable garden grads [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. Home Prices Drop 6.8 Percent
in April as Foreclosures Rise [$$] Red Roof Inn Defaults on Mortgage Debt (at The
Wall Street Journal Online)
MySpace to cut two-thirds of global
workforce GM to cut 4,000 more white-collar jobs
by year end Oracle tops forecasts despite sales,
profit dip; stated another way, bad news will be shilled as good news (AP) California
Collapsing Bankster “Holiday” Planned for
September? Recession Sparking Global Unrest
Is Your Portfolio Ready for the Next
Leg Down? S&P turns negative for year in
broad sell-off (Reuters) Goldman Sachs on pace for record bonuses: report
(Reuters) Numbers On Welfare See Sharp
Increase Top Insiders Playing You For A
Sucker? The death of the dollar. Who
could deny it? Stanford indicted in
massive U.S. fraud case which is small potatoes compared to ubiquitously
massive wall street securities fraud which caused the ongoing financial debacle Venture
Capital Bubble Set to Burst, Kedrosky Says Obama Plans to Cut Bank
Regulators, Allow Fed to Supervise Financial Holding Companies – The old fox
guarding the henhouse tricks Federal Reserve unwisely to
gain power under plan Federal Reserve Foolishly
To
Be Given Sweeping New Powers Yen Strengthens Most in Month
as Asian Stocks Drop, Gold Gains RUSSIA
CHALLENGES WORTHLESS DOLLAR... AIG says former
top exec plundered retirement plan [video] The Too-Big-to-Fail
Problem [6.8 min] (at MarketWatch) [$$] Too Big to
Solve? (at The Wall Street Journal Online) Buy and Hold Is
Dead. Long Live Buy and Hold! Financial Bailout Plan Keeps
Zombie Banks Alive Bernanke then as now in denial
about looming crisis 2005-2007 Retail sales,
drop in jobless claims to a very high even if believed 601,000 yielding record
continuing claims of 6.8 million fuel hope…if you’re a dope Lawmakers
blast Fed, Treasury for BofA "threats" Oil climbs over $73 on
hopes for rising demand U.S. Household
Worth Fell by $1.3 Trillion in First Quarter Predictions of $250
a barrel on oil ECB Fears Reality
of Banking Crisis in 2010: Report Get Ready for Inflation and
Higher Interest Rates Bill To Audit Federal Reserve
Now Has 209 Co-Sponsors Russia May Swap Some U.S.
Treasuries for IMF Debt Fed report shows losses on Bear Stearns, AIG holdings Congress subpoenas the Fed ... Finally!
(AP) Brazil in recession, recovery unlikely this year What a “Jobless Recovery”
Really Means: A Massive Redistribution of Wealth from the Little Guy to the Big
Boys Obama
Tells American Businesses to Drop Dead America’s Fed Addiction “87
Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are Unsafe” Fed Said to
Retreat From Seeking Power to Sell Its Own Debt/Bills WIRE:
Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory
Loss
Obama’s economic model versus
reality Reality
bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government
reports better than private estimates…riiiiight! President
of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now Benefit spending
soars to new high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC:
OIL COULD REACH $90... ----- Existing home foreclosure sales up, and no
profit discount car sales better than expected Diluting
like crazy through new stock bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
(7-15-09) Dow
8,616 +256 +3% To stamp out fraud, no change from suckers’ rally worth
reporting for second, third, fourth weeks of March and April -436 for the first week of March -12% for the month of February -8.8% (-775) for the
month of January -1% for fourth week of
January -2.5% for third week of January -4% for second week of January -5% for first full week of
January -34% for the year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,862 +63 +3% To stamp out fraud, no change from suckers’ rally worth
reporting for second, third, fourth weeks of March and April -84 for
the first week of March -7% for the month of
February -6.4% (-101) for the month of
January -1% for fourth week of January
-3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P
500 932 +27 +3% To stamp out fraud, no change from
suckers’ rally worth reporting for second,
third, fourth weeks
of March and
April -52 for the first week of March -11%
for the month of February -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $61.54
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.56 (reg. gas in LAND
OF FRUITS AND NUTS $2.89 REG./ $3.08
MID-GRADE/ $3.20PREM./ $2.83 DIESEL)/
GOLD $939 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $13.22
PLATINUM $1,159 / DOLLAR= .70 EURO, 93 YEN, .60 POUND STERLING, ETC. (How low
can you go - LOWER)/ 10 YR NOTE YIELD 3.61% …..… AP Business Highlights … ...Yahoo Market Update... ] YAHOO
- BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Must Read
Economic/Financial Data ABSOLUTELY, ABSURDLY,
RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN IN THIS UNIQUELY PREPOSTEROUS AND
FRAUDULENT ENVIRONMENT! CONTINUED SUCKERS’ RALLY PROGRAMMED TO KEEP SUCKERS
SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly [$$] Big Pay
Packages Return to Wall Street as new fraud gains steam (at The Wall Street
Journal Online) ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... Fed:
unemployment will top 10 percent this year... Foreclosures (those increased home
sales that has been fueling suckers’ rally)
rise 15 percent in first half of 2009 Lower Markets on the Horizon Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly The Ultimate Insider Trading Scheme Budget deficit tops $1 trillion for first time
(AP) CIT Watch: Analysts Says Debt Load Isn't the
Only Problem Geithner Refuses to Rule Out
Continuing Using American Taxpayer as Piggy Bank for Derivatives Losses
Less
bad, not as bad as expected…riiiiight!, tarp money for the commission frauds on
wall street in new manufactured bubble as actual/real manufacturing down again;
consumer
confidence down, commercial loans begin default phase of downturn, 6.9 million
continuing unemployment claims for new record; retail sales down sharply
Economist:
FDIC gearing up for bank closures Goldman Sachs Admits Its Software Can “Manipulate Markets
in Unfair Ways and fraudulently generate commissions /trade volume” True unemployment rate already at 20% This Depression
Will Last For Years Wyoming sees
first bank failure since 1991 China
criticizes dollar AIG Preparing to Pay New
Round of Bonuses... While Talking About Keynesian Stimulus, Feds Are Really
Just Giving Money to the Big Frauds
FDIC
Insurance Fund: It Doesn’t Actually Exist Replacing the dollar as reserve currency US loses 467,000 jobs, unemployment at 9.5% 'We're in the Middle of a Crash': Black Swan... Economic
Expectations – Unemployment Rate Will Reach 15% David Tice: We are going into a depression-15%
unemployment or more on horizon. U.S. consumers fall behind on loans at
record pace FBI: Mortgage
fraud 'rampant' and growing... Celente and Schiff
Predict Food Panic This Year. Watch clips HERE. Fema Camps Built. Wall Street hits 10-week low amid talk of new
stimulus (7-2)Seven more banks fail,
bringing 2009 tally to more than double all of 2008 at a total thus far of 52;
Private sector sheds another 473,000 jobs in June... US lurching towards ‘debt
explosion’ with long-term interest rates on course to double Jim Rogers Sells Dollars, Plans
to Short Treasuries ‘Sucker’s Rally Beginning To Unwind’ daaaah…? Calls grow to supplant dollar as global currency China officials
call for displacing dollar, in time Tracking Two
Depressions, 1929 and now this Mortgage applications fall to 7-month low... Private
sector sheds another 473,000 jobs in June... 'Layoffs may be worsening'... AIG shares drop
after 1-for-20 reverse-stock split (AP) Manhattan
apartment prices skid 13 to 19 percent Job
losses / job concerns realistically weigh on confidence, real estate
values/prices continue downward trend as per Case / Shiller Index (-18.1%, -21%
in california) Consumer
confidence suffers steep fall... Home prices post 18% annual
drop... Worldwide Depression: Review of Global Markets . Four banks
fail, bringing 2009 tally to 19 more than all of 2008 at a total thus far of 44 Dollar Falls Most in Month as China Urges New Reserve
Currency Gerald Celente speaks on Cap and Trade and other handicaps
to the US economy HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH
CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT ONE
PROSECUTION IN THE MOST RECENT MASSIVE
SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS
WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK
MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T),
CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH
THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD
IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE,
RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED
SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS
ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC!
… THAT MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS,
… NOT OUT OF THIN AIR! ] TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP
SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , personal
income up modest .2% and spending down, China calls for new reserve currency to
supplant worthless dollar Dollar
And Stocks Drop As China Calls For New Global Currency , continuing
unemployment claims at or near record 627,000, weekly unemployment claims up
15,000, and GDP contraction –5.5%, all worse than expected (lennar wider than
expected quarterly loss rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing words/b.s. from fed which
previously predicted no recession that economy still contracting but that the
contraction is somewhat slowing…what b**l s**t!…, analysts- buffet/economy in
shambles, Hogan/negative GDP growth and inflation owing to debasement of the
dollar as well as deficit spending/pump-priming in the trillions, joker
stein/economy a mess and continued job losses, new home sales down .6%; U.S. Home Prices Drop 6.8
Percent in April as Foreclosures Rise foreclosure sales
up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their
40th bank of the year , Next
Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9%
and big difference between not getting worse and getting better, market got
ahead of itself, stalled out, still depression/more job losses, higher oil-gas
prices / higher interest rates / heavy debt to pare down is 1-3 year drag on
economy, even if believed (I don’t) the labor dept. far better than expected
job numbers by increased debt (spending) to produce same is not economically
sound or sustainable, viz., record spending with record low revenues, rating
cuts for bank sector, analysts concur in significant 5-15% (reality says
15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down
1.1%, housing starts allegedly up but if believed will only increase the
plethora of unsold inventories, empire manufacturing index suffers unexpectedly
severe decline…daaaah!, credit dard defaults at record high, analysts concur
that fundamentals don’t support stock rally and that pac money(defacto bribes)
might derail any meaningful reform/regulation which is of concern to the frauds
on wall street who should be prosecuted, record loss of wealth, higher gas
prices, job losses, higher interest rates / yields, higher commodity prices,
higher deficits, hyperinflation, record continuing unemployment claims at 6.8
million, worthless Weimar dollar crashing,
money supply exploding with hyperinflation/higher interest rates coming,
budget deficit at new highs and trade deficit worse than expected, analyst who
called crash says inflationary depression, banks passed stress tests only with
the help of fraudulent change in accounting rules, banks still insolvent, toxic
assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end
of year, Obama/bernanke continuing failed policies of bush greenspan,
recommends getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not
Over” 6/9/2009 Markets See a Breakdown in
Technical Support Levels Roubini: USA sees
double-dip recession... Jobless claims rise; GDP dips in 1Q Bernanke faces GOP-led (who are they kidding-bushies/paulsen
went so far as threaten martial law- prosecute now! They continue to allow the
wall street fraud and political theater doesn’t change their complicity) heat
on BofA-Merrill deal Fed Tried to Cover-up Its
Involvement in Bank of America-Merrill Deal U.S. Economy: Jobless Claims
Rise in Sign Labor Market Stagnant Dollar
drops on reserve currency doubts China sells US
bonds to ’show concern’ BRICs May Buy
Each Other’s Bonds in Shift From Dollar China’s holding of US bonds
drops first time in 11 months Russia to Raise Reserve
Currency Issue at BRIC International
Demand for Worthless U.S. Assets Slowed in April IMF says worst not over Senator cashed out during big
stock collapse -- after meeting with Fed, Treasury chiefs! America's AAA
downgrade danger...
Treasury
faces pressure on price of TARP exit A depression so deep even
teen shoppers scrimp US cities may have to be bulldozed in order to survive 1st quarter
wiped out $1.3 trillion for Americans Get Ready for Inflation and
Higher Interest Rates Oil prices near $73 as
energy rally continues Fed Would Be Shut Down If It
Were Audited Fed says
economy weak, but sees signs the slide increasing Mounting
deficits spark jitters about U.S. economy Wall Street falls as
realities dent recovery hopes
Bonds fall on
worries about government's debt load (AP) Oil prices
strike new high for 2009 (AP) The depression quietly deepens
CHINA
AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes,
We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake government job loss report near 40%
better than private forecasts…I don’t think so!…9.4% unemployment rate…try well
over 10% and with stopped looking included over 20% , Jim
Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now China explores
buying $50bn in IMF bonds US retailers
report May sales declines Tiny
Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector
job losses/factory orders worse than expected, new record continuing
unemployment claims, bernanke spend more money you don’t have but cut
debilitating deficit…riiiiight…sounds like a plan with more job losses to come,
etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As
the Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD
$63.8 TRILLION... The Big Collapse
Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record
decline in real estate prices, $80+ oil
coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
, world economy to shrink by worse than
previously predicted 2.9% and big difference between not getting worse and
getting better, leading
indicators up far more than expected … bull s**t …based in large part on
inflated stock price component … more bull s**t … new
reform with same old frauds say increased capital requirements and oversight of
the overseers/rating agencies (riiiiight!…same old,same old - already have but
no will to enforce existing laws, etc.), analyst who called crash says
inflationary depression, banks passed stress tests only with the help of fraudulent
change in accounting rules, banks still insolvent, toxic assets even more
toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets Insiders Exit Shares at the
Fastest Pace in Two Years BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... The Next Bubble Is Here. Have You Bought In? Here
we go again! Barney Frank asks FANNIE and FREDDIE to relax Mortgage lending
rules... Fed Tried to Cover-up Its Involvement in Bank of America-Merrill
Deal Dollar
And Stocks Drop As China Calls For New Global Currency Citigroup
Ordered to Suspend Some Operations in Japan Bernanke
Grilling May Weaken Case for Fed as Risk Regulator Citi boosting salaries to offset lower bonuses,
allegedly to retain the clowns who helped make them taxpayer dependant and
cause the current debacle; how ‘bout firing them instead and offering
opportunity to the new, particularly non-ivy league vegetable garden grads [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. Home Prices Drop 6.8 Percent
in April as Foreclosures Rise [$$] Red Roof Inn Defaults on Mortgage Debt (at The
Wall Street Journal Online)
MySpace to cut two-thirds of global
workforce GM to cut 4,000 more white-collar jobs
by year end Oracle tops forecasts despite sales,
profit dip; stated another way, bad news will be shilled as good news (AP) California
Collapsing Bankster “Holiday” Planned for
September? Recession Sparking Global Unrest
Is Your Portfolio Ready for the Next
Leg Down? S&P turns negative for year in
broad sell-off (Reuters) Goldman Sachs on pace for record bonuses: report
(Reuters) Numbers On Welfare See Sharp
Increase Top Insiders Playing You For A
Sucker? The death of the dollar. Who
could deny it? Stanford indicted in
massive U.S. fraud case which is small potatoes compared to ubiquitously
massive wall street securities fraud which caused the ongoing financial debacle Venture
Capital Bubble Set to Burst, Kedrosky Says Obama Plans to Cut Bank
Regulators, Allow Fed to Supervise Financial Holding Companies – The old fox
guarding the henhouse tricks Federal Reserve unwisely to
gain power under plan Federal Reserve Foolishly
To
Be Given Sweeping New Powers Yen Strengthens Most in Month
as Asian Stocks Drop, Gold Gains RUSSIA
CHALLENGES WORTHLESS DOLLAR... AIG says former
top exec plundered retirement plan [video] The Too-Big-to-Fail
Problem [6.8 min] (at MarketWatch) [$$] Too Big to
Solve? (at The Wall Street Journal Online) Buy and Hold Is
Dead. Long Live Buy and Hold! Financial Bailout Plan Keeps
Zombie Banks Alive Bernanke then as now in denial
about looming crisis 2005-2007 Retail sales,
drop in jobless claims to a very high even if believed 601,000 yielding record
continuing claims of 6.8 million fuel hope…if you’re a dope Lawmakers
blast Fed, Treasury for BofA "threats" Oil climbs over $73 on hopes
for rising demand U.S. Household
Worth Fell by $1.3 Trillion in First Quarter Predictions of $250
a barrel on oil ECB Fears Reality
of Banking Crisis in 2010: Report Get Ready for Inflation and
Higher Interest Rates Bill To Audit Federal Reserve
Now Has 209 Co-Sponsors Russia May Swap Some U.S.
Treasuries for IMF Debt Fed report shows losses on Bear Stearns, AIG holdings Congress subpoenas the Fed ... Finally!
(AP) Brazil in recession, recovery unlikely this year What a “Jobless Recovery”
Really Means: A Massive Redistribution of Wealth from the Little Guy to the Big
Boys Obama
Tells American Businesses to Drop Dead America’s Fed Addiction “87
Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are Unsafe” Fed Said to
Retreat From Seeking Power to Sell Its Own Debt/Bills WIRE:
Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory
Loss
Obama’s economic model versus
reality Reality
bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government
reports better than private estimates…riiiiight! President
of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now Benefit spending
soars to new high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC:
OIL COULD REACH $90... ----- Existing home
foreclosure sales up, and no profit discount car sales better than
expected Diluting like crazy through new stock
bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
(7-14-09) Dow
8,359
+27 +.02% To stamp out fraud, no change from
suckers’ rally worth reporting for second, third, fourth weeks of March and
April -436 for the first week of
March -12% for the month of February -8.8% (-775) for the
month of January -1% for fourth week of
January -2.5% for third week of January -4% for second week of January -5% for first full week of
January -34% for the year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,799 +6
+.02% To
stamp out fraud, no change from suckers’ rally worth reporting for second,
third, fourth weeks of March and April -84 for the first week of March -7% for the month of February -6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P
500 905 +4 +.02% To stamp out fraud, no change from
suckers’ rally worth reporting for second,
third, fourth weeks
of March and
April -52 for the first week of March -11%
for the month of February -8.6% (-75) for the month of January -1% for fourth week of January -2.3% for third week of January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $59.69
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.56 (reg. gas in LAND
OF FRUITS AND NUTS $2.89 REG./ $3.08
MID-GRADE/ $3.20PREM./ $2.83 DIESEL)/
GOLD $929 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $12.98
PLATINUM $1,139 / DOLLAR= .70 EURO, 93 YEN, .60 POUND STERLING, ETC. (How low
can you go - LOWER)/ 10 YR NOTE YIELD 3.47% …..… AP Business Highlights … ...Yahoo Market Update... ] YAHOO
- BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Must Read
Economic/Financial Data ABSOLUTELY, ABSURDLY,
RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN! CONTINUED SUCKERS’ RALLY
PROGRAMMED TO KEEP SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly [$$] Big Pay
Packages Return to Wall Street as new fraud gains steam (at The Wall Street
Journal Online) ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... Lower Markets on the Horizon Cody Willard: Goldman Sachs Is A Ponzi Scheme,
Should Be Punished Accordingly The Ultimate Insider Trading Scheme Budget deficit tops $1 trillion for first time
(AP) CIT Watch: Analysts Says Debt Load Isn't the
Only Problem Geithner Refuses to Rule Out
Continuing Using American Taxpayer as Piggy Bank for Derivatives Losses
Consumer confidence down,
commercial loans begin default phase of downturn, 6.9 million continuing
unemployment claims for new record; retail sales down sharply
Economist:
FDIC gearing up for bank closures Goldman Sachs Admits Its Software Can “Manipulate Markets
in Unfair Ways and fraudulently generate commissions /trade volume” True unemployment rate already at 20% This Depression
Will Last For Years Wyoming sees first
bank failure since 1991 China
criticizes dollar AIG Preparing to Pay New
Round of Bonuses... While Talking About Keynesian Stimulus, Feds Are Really
Just Giving Money to the Big Frauds
FDIC
Insurance Fund: It Doesn’t Actually Exist Replacing the dollar as reserve currency US loses 467,000 jobs, unemployment at 9.5% 'We're in the Middle of a Crash': Black Swan... Economic
Expectations – Unemployment Rate Will Reach 15% David Tice: We are going into a depression-15%
unemployment or more on horizon. U.S. consumers fall behind on loans at
record pace FBI: Mortgage
fraud 'rampant' and growing... Celente and Schiff
Predict Food Panic This Year. Watch clips HERE. Fema Camps Built. Wall Street hits 10-week low amid talk of new
stimulus (7-2)Seven more banks fail,
bringing 2009 tally to more than double all of 2008 at a total thus far of 52;
Private sector sheds another 473,000 jobs in June... US lurching towards ‘debt
explosion’ with long-term interest rates on course to double Jim Rogers Sells Dollars, Plans
to Short Treasuries ‘Sucker’s Rally Beginning To Unwind’ daaaah…? Calls grow to supplant dollar as global currency China officials
call for displacing dollar, in time Tracking Two
Depressions, 1929 and now this Mortgage applications fall to 7-month low... Private
sector sheds another 473,000 jobs in June... 'Layoffs may be worsening'... AIG shares drop
after 1-for-20 reverse-stock split (AP) Manhattan
apartment prices skid 13 to 19 percent Job
losses / job concerns realistically weigh on confidence, real estate
values/prices continue downward trend as per Case / Shiller Index (-18.1%, -21%
in california) Consumer
confidence suffers steep fall... Home prices post 18% annual
drop... Worldwide Depression: Review of Global Markets . Four banks
fail, bringing 2009 tally to 19 more than all of 2008 at a total thus far of 44 Dollar Falls Most in Month as China Urges New Reserve
Currency Gerald Celente speaks on Cap and Trade and other handicaps
to the US economy HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH
CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT ONE
PROSECUTION IN THE MOST RECENT MASSIVE
SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS
WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK
MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T),
CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH
THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD
IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE,
RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED
SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS
ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC!
… THAT MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS,
… NOT OUT OF THIN AIR! ] TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP
SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , personal
income up modest .2% and spending down, China calls for new reserve currency to
supplant worthless dollar Dollar
And Stocks Drop As China Calls For New Global Currency , continuing
unemployment claims at or near record 627,000, weekly unemployment claims up 15,000,
and GDP contraction –5.5%, all worse than expected (lennar wider than expected
quarterly loss rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing words/b.s. from fed which
previously predicted no recession that economy still contracting but that the
contraction is somewhat slowing…what b**l s**t!…, analysts- buffet/economy in
shambles, Hogan/negative GDP growth and inflation owing to debasement of the
dollar as well as deficit spending/pump-priming in the trillions, joker
stein/economy a mess and continued job losses, new home sales down .6%; U.S. Home Prices Drop 6.8
Percent in April as Foreclosures Rise foreclosure sales
up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their
40th bank of the year , Next
Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9%
and big difference between not getting worse and getting better, market got
ahead of itself, stalled out, still depression/more job losses, higher oil-gas
prices / higher interest rates / heavy debt to pare down is 1-3 year drag on
economy, even if believed (I don’t) the labor dept. far better than expected
job numbers by increased debt (spending) to produce same is not economically
sound or sustainable, viz., record spending with record low revenues, rating
cuts for bank sector, analysts concur in significant 5-15% (reality says
15-25%) pullback/correction for stocks , institutional selling, industrial production/construction down
1.1%, housing starts allegedly up but if believed will only increase the
plethora of unsold inventories, empire manufacturing index suffers unexpectedly
severe decline…daaaah!, credit dard defaults at record high, analysts concur
that fundamentals don’t support stock rally and that pac money(defacto bribes)
might derail any meaningful reform/regulation which is of concern to the frauds
on wall street who should be prosecuted, record loss of wealth, higher gas
prices, job losses, higher interest rates / yields, higher commodity prices,
higher deficits, hyperinflation, record continuing unemployment claims at 6.8
million, worthless Weimar dollar crashing,
money supply exploding with hyperinflation/higher interest rates coming,
budget deficit at new highs and trade deficit worse than expected, analyst who
called crash says inflationary depression, banks passed stress tests only with
the help of fraudulent change in accounting rules, banks still insolvent, toxic
assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end
of year, Obama/bernanke continuing failed policies of bush greenspan,
recommends getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not
Over” 6/9/2009 Markets See a Breakdown in
Technical Support Levels Roubini: USA sees
double-dip recession... Jobless claims rise; GDP dips in 1Q Bernanke faces GOP-led (who are they
kidding-bushies/paulsen went so far as threaten martial law- prosecute now!
They continue to allow the wall street fraud and political theater doesn’t
change their complicity) heat on BofA-Merrill deal Fed Tried to Cover-up Its
Involvement in Bank of America-Merrill Deal U.S. Economy: Jobless Claims
Rise in Sign Labor Market Stagnant Dollar
drops on reserve currency doubts China sells US
bonds to ’show concern’ BRICs May Buy
Each Other’s Bonds in Shift From Dollar China’s holding of US bonds
drops first time in 11 months Russia to Raise Reserve
Currency Issue at BRIC International
Demand for Worthless U.S. Assets Slowed in April IMF says worst not over Senator cashed out during big
stock collapse -- after meeting with Fed, Treasury chiefs! America's AAA
downgrade danger...
Treasury
faces pressure on price of TARP exit A depression so deep even
teen shoppers scrimp US cities may have to be bulldozed in order to survive 1st quarter
wiped out $1.3 trillion for Americans Get Ready for Inflation and
Higher Interest Rates Oil prices near $73 as
energy rally continues Fed Would Be Shut Down If It
Were Audited Fed says
economy weak, but sees signs the slide increasing Mounting
deficits spark jitters about U.S. economy Wall Street falls as
realities dent recovery hopes
Bonds fall on
worries about government's debt load (AP) Oil prices
strike new high for 2009 (AP) The depression quietly deepens
CHINA
AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes,
We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake government job loss report near 40%
better than private forecasts…I don’t think so!…9.4% unemployment rate…try well
over 10% and with stopped looking included over 20% , Jim
Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now China explores
buying $50bn in IMF bonds US retailers
report May sales declines Tiny
Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector
job losses/factory orders worse than expected, new record continuing unemployment
claims, bernanke spend more money you don’t have but cut debilitating
deficit…riiiiight…sounds like a plan with more job losses to come, etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As
the Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD
$63.8 TRILLION... The Big Collapse
Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record
decline in real estate prices, $80+ oil
coming this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’ rally,
record low for new housing starts, etc.) AND BULL S**T ALONE (ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
, world economy to shrink by worse than
previously predicted 2.9% and big difference between not getting worse and
getting better, leading
indicators up far more than expected … bull s**t …based in large part on
inflated stock price component … more bull s**t … new
reform with same old frauds say increased capital requirements and oversight of
the overseers/rating agencies (riiiiight!…same old,same old - already have but
no will to enforce existing laws, etc.), analyst who called crash says
inflationary depression, banks passed stress tests only with the help of
fraudulent change in accounting rules, banks still insolvent, toxic assets even
more toxic, dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends getting
out of Dodge and u.s. assets Insiders Exit Shares at the
Fastest Pace in Two Years BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... The Next Bubble Is Here. Have You Bought In? Here
we go again! Barney Frank asks FANNIE and FREDDIE to relax Mortgage lending
rules... Fed Tried to Cover-up Its Involvement in Bank of America-Merrill
Deal Dollar
And Stocks Drop As China Calls For New Global Currency Citigroup
Ordered to Suspend Some Operations in Japan Bernanke
Grilling May Weaken Case for Fed as Risk Regulator Citi boosting salaries to offset lower bonuses,
allegedly to retain the clowns who helped make them taxpayer dependant and
cause the current debacle; how ‘bout firing them instead and offering opportunity
to the new, particularly non-ivy league vegetable garden grads [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. Home Prices Drop 6.8 Percent
in April as Foreclosures Rise [$$] Red Roof Inn Defaults on Mortgage Debt (at The
Wall Street Journal Online)
MySpace to cut two-thirds of global
workforce GM to cut 4,000 more white-collar jobs
by year end Oracle tops forecasts despite sales,
profit dip; stated another way, bad news will be shilled as good news (AP) California
Collapsing Bankster “Holiday” Planned for
September? Recession Sparking Global Unrest
Is Your Portfolio Ready for the Next
Leg Down? S&P turns negative for year in
broad sell-off (Reuters) Goldman Sachs on pace for record bonuses: report
(Reuters) Numbers On Welfare See Sharp
Increase Top Insiders Playing You For A
Sucker? The death of the dollar. Who
could deny it? Stanford indicted in
massive U.S. fraud case which is small potatoes compared to ubiquitously
massive wall street securities fraud which caused the ongoing financial debacle Venture
Capital Bubble Set to Burst, Kedrosky Says Obama Plans to Cut Bank
Regulators, Allow Fed to Supervise Financial Holding Companies – The old fox
guarding the henhouse tricks Federal Reserve unwisely to
gain power under plan Federal Reserve Foolishly
To
Be Given Sweeping New Powers Yen Strengthens Most in Month
as Asian Stocks Drop, Gold Gains RUSSIA
CHALLENGES WORTHLESS DOLLAR... AIG says former
top exec plundered retirement plan [video] The Too-Big-to-Fail
Problem [6.8 min] (at MarketWatch) [$$] Too Big to
Solve? (at The Wall Street Journal Online) Buy and Hold Is
Dead. Long Live Buy and Hold! Financial Bailout Plan Keeps
Zombie Banks Alive Bernanke then as now in denial
about looming crisis 2005-2007 Retail sales,
drop in jobless claims to a very high even if believed 601,000 yielding record
continuing claims of 6.8 million fuel hope…if you’re a dope Lawmakers
blast Fed, Treasury for BofA "threats" Oil climbs over $73 on
hopes for rising demand U.S. Household
Worth Fell by $1.3 Trillion in First Quarter Predictions of $250
a barrel on oil ECB Fears Reality
of Banking Crisis in 2010: Report Get Ready for Inflation and
Higher Interest Rates Bill To Audit Federal Reserve
Now Has 209 Co-Sponsors Russia May Swap Some U.S.
Treasuries for IMF Debt Fed report shows losses on Bear Stearns, AIG holdings Congress subpoenas the Fed ... Finally!
(AP) Brazil in recession, recovery unlikely this year What a “Jobless Recovery”
Really Means: A Massive Redistribution of Wealth from the Little Guy to the Big
Boys Obama
Tells American Businesses to Drop Dead America’s Fed Addiction “87
Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are Unsafe” Fed Said to
Retreat From Seeking Power to Sell Its Own Debt/Bills WIRE:
Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory
Loss
Obama’s economic model versus
reality Reality
bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government
reports better than private estimates…riiiiight! President
of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now Benefit spending
soars to new high $100 Billion Bailout For IMF Tagged
On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC:
OIL COULD REACH $90... ----- Existing home foreclosure sales up, and no
profit discount car sales better than expected Diluting
like crazy through new stock bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
(7-13-09) Dow
8,331.68 +185
+2% To
stamp out fraud, no change from suckers’ rally worth reporting for second,
third, fourth weeks of March and April -436 for the first week of March -12% for
the month of February -8.8% (-775) for the month of January -1% for fourth week of January -2.5% for third week of January -4% for second week of January -5% for first full week of
January -34% for the year -1% for the fourth week of December No change worth reporting for second
and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October Nasdaq 1,793 +37
+2% To
stamp out fraud, no change from suckers’ rally worth reporting for second,
third, fourth weeks of March and April -84 for the first week of March -7% for the month of February -6.4% (-101) for the month of January -1% for fourth week of January -3.3% for third week of January -3% for second week of January -4% for first full week of
January -41% for the year -2% for the fourth week of December No change worth reporting for
second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October S&P
500 901 +22 +2% To stamp out fraud, no change from suckers’ rally worth
reporting for second, third, fourth weeks of March and April -52 for
the first week of March -11% for the month of
February -8.6%
(-75) for the month of January -1% for
fourth week of January -2.3% for third week of
January - 5% for second week of January -4% for
first full week of January -39% for the year
-2% for the fourth week of December No change worth reporting for second
and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $59.69
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.56 (reg. gas in LAND
OF FRUITS AND NUTS $2.89 REG./ $3.08
MID-GRADE/ $3.20PREM./ $2.83 DIESEL)/
GOLD $923 [video]
Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $12.88
PLATINUM $1,123 / DOLLAR= .70 EURO, 93 YEN, .60 POUND STERLING, ETC. (How low
can you go - LOWER)/ 10 YR NOTE YIELD 3.35% …..… AP Business Highlights … ...Yahoo Market Update... ] YAHOO
- BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Must Read
Economic/Financial Data ABSOLUTELY, ABSURDLY,
RIDICULOUS! SELL / TAKE PROFITS! SUCKERS’ NEWS BASED ONLY ON PROSPECTS FOR
CONTINUED AND NEW WALL STREET FRAUD AS
BEFORE (WHITNEY RE: GOLDMAN CURN AND EARN) FOR SUCKERS’ RALLY PROGRAMMED TO
KEEP SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) [$$] Big Pay
Packages Return to Wall Street as new fraud gains steam (at The Wall Street
Journal Online) ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... Budget deficit tops $1 trillion for first time
(AP) CIT Watch: Analysts Says Debt Load Isn't the
Only Problem Geithner Refuses to Rule Out
Continuing Using American Taxpayer as Piggy Bank for Derivatives Losses
Consumer confidence down,
commercial loans begin default phase of downturn, 6.9 million continuing
unemployment claims for new record; retail sales down sharply
Economist:
FDIC gearing up for bank closures Goldman Sachs Admits Its Software Can “Manipulate Markets
in Unfair Ways and fraudulently generate commissions /trade volume” True unemployment rate already at 20% This Depression
Will Last For Years Wyoming sees
first bank failure since 1991 China
criticizes dollar AIG Preparing to Pay New
Round of Bonuses... While Talking About Keynesian Stimulus, Feds Are Really
Just Giving Money to the Big Frauds
FDIC
Insurance Fund: It Doesn’t Actually Exist Replacing the dollar as reserve currency US loses 467,000 jobs, unemployment at 9.5% 'We're in the Middle of a Crash': Black Swan... Economic
Expectations – Unemployment Rate Will Reach 15% David Tice: We are going into a depression-15%
unemployment or more on horizon. U.S. consumers fall behind on loans at
record pace FBI: Mortgage
fraud 'rampant' and growing... Celente and Schiff
Predict Food Panic This Year. Watch clips HERE. Fema Camps Built. Wall Street hits 10-week low amid talk of new
stimulus (7-2)Seven more banks fail,
bringing 2009 tally to more than double all of 2008 at a total thus far of 52;
Private sector sheds another 473,000 jobs in June... US lurching towards ‘debt
explosion’ with long-term interest rates on course to double Jim Rogers Sells Dollars, Plans
to Short Treasuries ‘Sucker’s Rally Beginning To Unwind’ daaaah…? Calls grow to supplant dollar as global currency China officials
call for displacing dollar, in time Tracking Two
Depressions, 1929 and now this Mortgage applications fall to 7-month low... Private
sector sheds another 473,000 jobs in June... 'Layoffs may be worsening'... AIG shares drop
after 1-for-20 reverse-stock split (AP) Manhattan
apartment prices skid 13 to 19 percent Job
losses / job concerns realistically weigh on confidence, real estate
values/prices continue downward trend as per Case / Shiller Index (-18.1%, -21%
in california) Consumer
confidence suffers steep fall... Home prices post 18% annual
drop... Worldwide Depression: Review of Global Markets . Four banks
fail, bringing 2009 tally to 19 more than all of 2008 at a total thus far of 44 Dollar Falls Most in Month as China Urges New Reserve
Currency Gerald Celente speaks on Cap and Trade and other handicaps
to the US economy HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH
CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT ONE
PROSECUTION IN THE MOST RECENT MASSIVE
SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE PERPETRATORS AS
WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW REFLATING THE STOCK
MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD AND BULL S**T),
CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE BUBBLE FROM WHICH
THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY OF THEIR NEW FRAUD
IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE SIZZLE BUST /DEBACLE,
RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS COLLATERALIZED
SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED), ETC., THE FRAUDS
ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL MANTRA … HOW PATHETIC!
… THAT MONEY HAS TO COME FROM SOMEPLACE, IE., PRINTING, CREATING, YOUR POCKETS,
… NOT OUT OF THIN AIR! ] TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP
SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS
FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) ]
BASED ON CONTINUED BAD NEWS ( ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , personal
income up modest .2% and spending down, China calls for new reserve currency to
supplant worthless dollar Dollar
And Stocks Drop As China Calls For New Global Currency , continuing
unemployment claims at or near record 627,000, weekly unemployment claims up
15,000, and GDP contraction –5.5%, all worse than expected (lennar wider than
expected quarterly loss rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing words/b.s. from fed which
previously predicted no recession that economy still contracting but that the
contraction is somewhat slowing…what b**l s**t!…, analysts- buffet/economy in
shambles, Hogan/negative GDP growth and inflation owing to debasement of the
dollar as well as deficit spending/pump-priming in the trillions, joker
stein/economy a mess and continued job losses, new home sales down .6%; U.S. Home Prices Drop 6.8
Percent in April as Foreclosures Rise foreclosure sales
up 2.4%, prices down 17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. regulators close their
40th bank of the year , Next
Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted 2.9%
and big difference between not getting worse and getting better, market got
ahead of itself, stalled out, still depression/more job losses, higher oil-gas
prices / higher interest rates / heavy debt to pare down is 1-3 year drag on
economy, even if believed (I don’t) the labor dept. far better than expected
job numbers by increased debt (spending) to produce same is not economically
sound or sustainable, viz., record spending with record low revenues, rating
cuts for bank sector, analysts concur in significant 5-15% (reality says 15-25%)
pullback/correction for stocks , institutional selling, industrial production/construction down
1.1%, housing starts allegedly up but if believed will only increase the
plethora of unsold inventories, empire manufacturing index suffers unexpectedly
severe decline…daaaah!, credit dard defaults at record high, analysts concur
that fundamentals don’t support stock rally and that pac money(defacto bribes)
might derail any meaningful reform/regulation which is of concern to the frauds
on wall street who should be prosecuted, record loss of wealth, higher gas
prices, job losses, higher interest rates / yields, higher commodity prices,
higher deficits, hyperinflation, record continuing unemployment claims at 6.8
million, worthless Weimar dollar crashing,
money supply exploding with hyperinflation/higher interest rates coming,
budget deficit at new highs and trade deficit worse than expected, analyst who
called crash says inflationary depression, banks passed stress tests only with
the help of fraudulent change in accounting rules, banks still insolvent, toxic
assets even more toxic, dollar falling and a lot lower to go, $100 + oil by end
of year, Obama/bernanke continuing failed policies of bush greenspan,
recommends getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not
Over” 6/9/2009 Markets See a Breakdown in
Technical Support Levels Roubini: USA sees
double-dip recession... Jobless claims rise; GDP dips in 1Q Bernanke faces GOP-led (who are they
kidding-bushies/paulsen went so far as threaten martial law- prosecute now!
They continue to allow the wall street fraud and political theater doesn’t
change their complicity) heat on BofA-Merrill deal Fed Tried to Cover-up Its
Involvement in Bank of America-Merrill Deal U.S. Economy: Jobless Claims
Rise in Sign Labor Market Stagnant Dollar
drops on reserve currency doubts China sells US
bonds to ’show concern’ BRICs May Buy
Each Other’s Bonds in Shift From Dollar China’s holding of US bonds
drops first time in 11 months Russia to Raise Reserve
Currency Issue at BRIC International
Demand for Worthless U.S. Assets Slowed in April IMF says worst not over Senator cashed out during big
stock collapse -- after meeting with Fed, Treasury chiefs! America's AAA
downgrade danger...
Treasury
faces pressure on price of TARP exit A depression so deep even
teen shoppers scrimp US cities may have to be bulldozed in order to survive 1st quarter
wiped out $1.3 trillion for Americans Get Ready for Inflation and
Higher Interest Rates Oil prices near $73 as
energy rally continues Fed Would Be Shut Down If It
Were Audited Fed says
economy weak, but sees signs the slide increasing Mounting
deficits spark jitters about U.S. economy Wall Street falls as
realities dent recovery hopes
Bonds fall on
worries about government's debt load (AP) Oil prices
strike new high for 2009 (AP) The depression quietly deepens
CHINA
AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes,
We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake government job loss report near 40%
better than private forecasts…I don’t think so!…9.4% unemployment rate…try well
over 10% and with stopped looking included over 20% , Jim
Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now China explores
buying $50bn in IMF bonds US retailers
report May sales declines Tiny
Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage apps. down, service sector
job losses/factory orders worse than expected, new record continuing
unemployment claims, bernanke spend more money you don’t have but cut
debilitating deficit…riiiiight…sounds like a plan with more job losses to come,
etc., Economic data disappoint, indicate slow recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As
the Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD
$63.8 TRILLION... The Big Collapse
Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment
Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy to dip again next year... Case-Shillers index shows new record
decline in real estate prices, $80+ oil coming
this year Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh!
Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro , new record for continuing unemployment
claims, fed downgrades outlook that previously provided b.s. for suckers’
rally, record low for new housing starts, etc.) AND BULL S**T ALONE (ie., BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY...
, world economy to shrink by worse than previously
predicted 2.9% and big difference between not getting worse and getting better,
leading indicators up far more than
expected … bull s**t …based in large part on inflated stock price component …
more bull s**t … new reform with same old frauds
say increased capital requirements and oversight of the overseers/rating
agencies (riiiiight!…same old,same old - already have but no will to enforce
existing laws, etc.), analyst who called crash says inflationary depression,
banks passed stress tests only with the help of fraudulent change in accounting
rules, banks still insolvent, toxic assets even more toxic, dollar falling and
a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing failed
policies of bush greenspan, recommends getting out of Dodge and u.s.
assets Insiders Exit Shares at the
Fastest Pace in Two Years BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... The Next Bubble Is Here. Have You Bought In? Here
we go again! Barney Frank asks FANNIE and FREDDIE to relax Mortgage lending
rules... Fed Tried to Cover-up Its Involvement in Bank of America-Merrill
Deal Dollar
And Stocks Drop As China Calls For New Global Currency Citigroup
Ordered to Suspend Some Operations in Japan Bernanke
Grilling May Weaken Case for Fed as Risk Regulator Citi boosting salaries to offset lower bonuses,
allegedly to retain the clowns who helped make them taxpayer dependant and
cause the current debacle; how ‘bout firing them instead and offering
opportunity to the new, particularly non-ivy league vegetable garden grads [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. Home Prices Drop 6.8 Percent
in April as Foreclosures Rise [$$] Red Roof Inn Defaults on Mortgage Debt (at The
Wall Street Journal Online)
MySpace to cut two-thirds of global
workforce GM to cut 4,000 more white-collar jobs
by year end Oracle tops forecasts despite sales,
profit dip; stated another way, bad news will be shilled as good news (AP) California
Collapsing Bankster “Holiday” Planned for
September? Recession Sparking Global Unrest
Is Your Portfolio Ready for the Next
Leg Down? S&P turns negative for year in
broad sell-off (Reuters) Goldman Sachs on pace for record bonuses: report
(Reuters) Numbers On Welfare See Sharp
Increase Top Insiders Playing You For A
Sucker? The death of the dollar. Who
could deny it? Stanford indicted in
massive U.S. fraud case which is small potatoes compared to ubiquitously
massive wall street securities fraud which caused the ongoing financial debacle Venture
Capital Bubble Set to Burst, Kedrosky Says Obama Plans to Cut Bank
Regulators, Allow Fed to Supervise Financial Holding Companies – The old fox
guarding the henhouse tricks Federal Reserve unwisely to
gain power under plan Federal Reserve Foolishly
To
Be Given Sweeping New Powers Yen Strengthens Most in Month
as Asian Stocks Drop, Gold Gains RUSSIA
CHALLENGES WORTHLESS DOLLAR... AIG says former
top exec plundered retirement plan [video] The Too-Big-to-Fail
Problem [6.8 min] (at MarketWatch) [$$] Too Big to
Solve? (at The Wall Street Journal Online) Buy and Hold Is
Dead. Long Live Buy and Hold! Financial Bailout Plan Keeps
Zombie Banks Alive Bernanke then as now in denial
about looming crisis 2005-2007 Retail sales,
drop in jobless claims to a very high even if believed 601,000 yielding record
continuing claims of 6.8 million fuel hope…if you’re a dope Lawmakers
blast Fed, Treasury for BofA "threats" Oil climbs over $73 on
hopes for rising demand U.S. Household
Worth Fell by $1.3 Trillion in First Quarter Predictions of $250
a barrel on oil ECB Fears Reality
of Banking Crisis in 2010: Report Get Ready for Inflation and
Higher Interest Rates Bill To Audit Federal Reserve
Now Has 209 Co-Sponsors Russia May Swap Some U.S.
Treasuries for IMF Debt Fed report shows losses on Bear Stearns, AIG holdings Congress subpoenas the Fed ... Finally!
(AP) Brazil in recession, recovery unlikely this year What a “Jobless Recovery”
Really Means: A Massive Redistribution of Wealth from the Little Guy to the Big
Boys Obama
Tells American Businesses to Drop Dead America’s Fed Addiction “87
Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are Unsafe” Fed Said to
Retreat From Seeking Power to Sell Its Own Debt/Bills WIRE:
Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory
Loss
Obama’s economic model versus
reality Reality
bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government
reports better than private estimates…riiiiight! President
of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now Benefit spending
soars to new high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC:
OIL COULD REACH $90... ----- Existing home
foreclosure sales up, and no profit discount car sales better than
expected Diluting like crazy through new stock
bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up, prices down , ‘SELL IN
MAY AND GO AWAY’, so SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME!
(7-10-09) Dow 8,146.52 -36.65 -0.45%
To stamp out fraud, no change from suckers’ rally
worth reporting for second, third, fourth weeks of March and April
-436 for the first week of March -12% for the month
of February -8.8% (-775) for the
month of January -1%
for fourth week of January -2.5% for third week of
January -4% for second
week of January -5%
for first full week of January -34%
for the year -1% for the fourth
week of December No
change worth reporting for second and third weeks of December -2.3% for the
first week of December -5.8% for the month of
November. -15% for the month of
October Nasdaq 1,756.03 +3.48 +0.20%
To stamp out fraud, no change from suckers’ rally
worth reporting for second, third, fourth weeks of March and
April -84 for the first week of March
-7% for the month of February -6.4% (-101) for
the month of January -1%
for fourth week of January -3.3%
for third week of January -3%
for second week of January -4%
for first full week of January -41%
for the year -2% for the fourth
week of December No
change worth reporting for second and third weeks of December -5.7% for the
first week of December -11% for the month of
November. -17% for October S&P 500 879.13 -3.55 -0.40%
To stamp out fraud, no change from suckers’ rally
worth reporting for second, third, fourth weeks of March and
April -52 for the first week of March
-11% for the month of February -8.6%
(-75) for the month of January -1%
for fourth week of January -2.3%
for third week of January - 5% for second week of
January -4%
for first full week of January -39%
for the year -2% for the fourth
week of December No
change worth reporting for second and third weeks of December -2.7% for the
first week of December -7.5% for the month of
November. -18% for October
[CLOSE- OIL $59.89 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$2.65 (reg. gas in LAND OF FRUITS AND NUTS
$2.93 REG./ $3.08 MID-GRADE/ $3.20PREM./ $2.83 DIESEL)/ GOLD $911.65 [video]
Gold Surges Stocks/Gold Comparison
(+5.58% for year 2008) / SILVER $12.88 PLATINUM $1,107 / DOLLAR= .70 EURO, 92
YEN, .60 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD
3.313% …..… AP Business Highlights … ...Yahoo
Market Update... ] YAHOO - BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Must Read
Economic/Financial Data ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS! SURGE
INTO THE CLOSE ON BAD NEWS TO END MIXED IN THIS SECULAR BEAR MARKET SUCKERS’
RALLY PROGRAMMED TO KEEP SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) [$$] Big
Pay Packages Return to Wall Street as new fraud gains steam (at The Wall
Street Journal Online) ] BASED ON CONTINUED BAD NEWS ( ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... Consumer
confidence down, commercial loans begin default phase of downturn, 6.9
million continuing unemployment claims for new record; retail sales down
sharply Economist:
FDIC gearing up for bank closures Goldman Sachs Admits Its Software Can “Manipulate
Markets in Unfair Ways and fraudulently generate commissions /trade volume” True unemployment rate already at 20% This Depression
Will Last For Years Wyoming sees
first bank failure since 1991 China
criticizes dollar AIG Preparing to Pay New
Round of Bonuses... While Talking About Keynesian Stimulus, Feds Are Really
Just Giving Money to the Big Frauds FDIC
Insurance Fund: It Doesn’t Actually Exist Replacing the dollar as reserve currency US loses 467,000 jobs, unemployment at 9.5% 'We're in the Middle of a Crash': Black Swan... Economic
Expectations – Unemployment Rate Will Reach 15% David Tice: We are going into a
depression-15% unemployment or more on horizon. U.S. consumers fall behind on loans at
record pace FBI: Mortgage
fraud 'rampant' and growing... Celente and Schiff Predict
Food Panic This Year. Watch clips HERE. Fema Camps Built. Wall Street hits 10-week low amid talk of new
stimulus (7-2)Seven
more banks fail, bringing 2009 tally to more than double all of 2008 at a
total thus far of 52; Private sector sheds another 473,000 jobs in
June... US lurching towards ‘debt
explosion’ with long-term interest rates on course to double Jim Rogers Sells Dollars, Plans to Short Treasuries ‘Sucker’s Rally Beginning To Unwind’ daaaah…? Calls grow to supplant dollar as global currency China
officials call for displacing dollar, in time Tracking
Two Depressions, 1929 and now this Mortgage applications fall to 7-month low... Private sector sheds another 473,000 jobs in June... 'Layoffs may be worsening'... AIG shares drop after
1-for-20 reverse-stock split (AP) Manhattan
apartment prices skid 13 to 19 percent Job losses / job
concerns realistically weigh on confidence, real estate values/prices
continue downward trend as per Case / Shiller Index (-18.1%, -21% in
california) Consumer
confidence suffers steep fall... Home prices post 18% annual
drop... Worldwide Depression: Review of Global Markets . Four banks
fail, bringing 2009 tally to 19 more than all of 2008 at a total thus far of
44 Dollar Falls Most in Month as China Urges New Reserve
Currency Gerald Celente speaks on Cap and Trade and other handicaps
to the US economy HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH
CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT
ONE PROSECUTION IN THE MOST RECENT
MASSIVE SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE
PERPETRATORS AS WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW
REFLATING THE STOCK MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD
AND BULL S**T), CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE
BUBBLE FROM WHICH THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID
SCRUTINY OF THEIR NEW FRAUD IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM
SELL THE SIZZLE BUST /DEBACLE, RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS
COLLATERALIZED SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED),
ETC., THE FRAUDS ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL
MANTRA … HOW PATHETIC! … THAT MONEY HAS TO COME FROM SOMEPLACE, IE.,
PRINTING, CREATING, YOUR POCKETS, … NOT OUT OF THIN AIR! ] TYPICAL END OF
QUARTER FRAUD/WINDOW DRESSING TO KEEP SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) ] BASED ON CONTINUED BAD NEWS ( ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , personal
income up modest .2% and spending down, China calls for new reserve currency
to supplant worthless dollar Dollar
And Stocks Drop As China Calls For New Global Currency , continuing unemployment claims at or near
record 627,000, weekly unemployment claims up 15,000, and GDP contraction
–5.5%, all worse than expected (lennar wider than expected quarterly loss
rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing
words/b.s. from fed which previously predicted no recession that economy
still contracting but that the contraction is somewhat slowing…what b**l
s**t!…, analysts- buffet/economy in shambles, Hogan/negative GDP growth and
inflation owing to debasement of the dollar as well as deficit
spending/pump-priming in the trillions, joker stein/economy a mess and
continued job losses, new home sales down .6%; U.S. Home Prices Drop 6.8 Percent
in April as Foreclosures Rise foreclosure sales up 2.4%, prices down
17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. regulators close
their 40th bank of the year , Next
Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted
2.9% and big difference between not getting worse and getting better, market got ahead of itself, stalled out,
still depression/more job losses, higher oil-gas prices / higher interest
rates / heavy debt to pare down is 1-3 year drag on economy, even if believed
(I don’t) the labor dept. far better than expected job numbers by increased
debt (spending) to produce same is not economically sound or sustainable,
viz., record spending with record low revenues, rating cuts for bank sector,
analysts concur in significant 5-15% (reality says 15-25%)
pullback/correction for stocks , institutional selling, industrial production/construction down
1.1%, housing starts allegedly up but if believed will only increase the
plethora of unsold inventories, empire manufacturing index suffers
unexpectedly severe decline…daaaah!, credit dard defaults at record high,
analysts concur that fundamentals don’t support stock rally and that pac
money(defacto bribes) might derail any meaningful reform/regulation which is
of concern to the frauds on wall street who should be prosecuted, record loss
of wealth, higher gas prices, job losses, higher interest rates / yields,
higher commodity prices, higher deficits, hyperinflation, record continuing
unemployment claims at 6.8 million, worthless Weimar dollar crashing, money supply exploding with
hyperinflation/higher interest rates coming, budget deficit at new highs and
trade deficit worse than expected, analyst who called crash says inflationary
depression, banks passed stress tests only with the help of fraudulent change
in accounting rules, banks still insolvent, toxic assets even more toxic,
dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends
getting out of Dodge and u.s. assets
Jim Rogers: “The Worst is Not Over” 6/9/2009 Markets See a Breakdown
in Technical Support Levels Roubini: USA
sees double-dip recession... Jobless claims rise; GDP dips in 1Q Bernanke faces GOP-led (who are they
kidding-bushies/paulsen went so far as threaten martial law- prosecute now!
They continue to allow the wall street fraud and political theater doesn’t
change their complicity) heat on BofA-Merrill deal Fed Tried to Cover-up Its
Involvement in Bank of America-Merrill Deal U.S. Economy: Jobless Claims Rise
in Sign Labor Market Stagnant Dollar
drops on reserve currency doubts China sells
US bonds to ’show concern’ BRICs May Buy Each
Other’s Bonds in Shift From Dollar China’s holding of US bonds
drops first time in 11 months Russia to Raise Reserve Currency Issue at BRIC International
Demand for Worthless U.S. Assets Slowed in April IMF says worst not over Senator cashed out during
big stock collapse -- after meeting with Fed, Treasury chiefs! America's AAA
downgrade danger... Treasury faces pressure on price of TARP exit A depression so deep even
teen shoppers scrimp US cities may have to be bulldozed in order to survive 1st quarter
wiped out $1.3 trillion for Americans Get Ready for Inflation and
Higher Interest Rates Oil prices near $73 as
energy rally continues
Fed Would Be Shut Down If It Were
Audited Fed says
economy weak, but sees signs the slide increasing Mounting
deficits spark jitters about U.S. economy Wall Street falls as
realities dent recovery hopes
Bonds fall on
worries about government's debt load (AP) Oil prices strike new
high for 2009 (AP) The depression quietly deepens
CHINA AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes,
We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake
government job loss report near 40% better than private forecasts…I don’t
think so!…9.4% unemployment rate…try well over 10% and with stopped looking
included over 20% , Jim
Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now China explores
buying $50bn in IMF bonds US retailers
report May sales declines Tiny Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage
apps. down, service sector job losses/factory orders worse than expected, new
record continuing unemployment claims, bernanke spend more money you don’t
have but cut debilitating deficit…riiiiight…sounds like a plan with more job
losses to come, etc., Economic data disappoint, indicate slow
recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As the
Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD $63.8
TRILLION... The Big
Collapse Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy
to dip again next year... Case-Shillers
index shows new record decline in real estate prices, $80+ oil coming this year
Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh! Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro ,
new record for continuing unemployment claims, fed downgrades outlook
that previously provided b.s. for suckers’ rally, record low for new housing
starts, etc.) AND
BULL S**T ALONE (ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , world economy to shrink by worse than
previously predicted 2.9% and big difference between not getting worse and
getting better, leading indicators up far more
than expected … bull s**t …based in large part on inflated stock price
component … more bull s**t … new reform with same old frauds say increased capital
requirements and oversight of the overseers/rating agencies (riiiiight!…same
old,same old - already have but no will to enforce existing laws, etc.),
analyst who called crash says inflationary depression, banks passed stress
tests only with the help of fraudulent change in accounting rules, banks
still insolvent, toxic assets even more toxic, dollar falling and a lot lower
to go, $100 + oil by end of year, Obama/bernanke continuing failed policies
of bush greenspan, recommends getting out of Dodge and u.s. assets Insiders Exit Shares at the
Fastest Pace in Two Years BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... The Next Bubble Is Here. Have
You Bought In? Here we go again! Barney Frank asks FANNIE and FREDDIE to relax
Mortgage lending rules... Fed Tried to Cover-up Its
Involvement in Bank of America-Merrill Deal Dollar
And Stocks Drop As China Calls For New Global Currency Citigroup Ordered to
Suspend Some Operations in Japan Bernanke
Grilling May Weaken Case for Fed as Risk Regulator Citi boosting salaries to offset lower bonuses,
allegedly to retain the clowns who helped make them taxpayer dependant and
cause the current debacle; how ‘bout firing them instead and offering
opportunity to the new, particularly non-ivy league vegetable garden grads [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. Home Prices Drop 6.8 Percent
in April as Foreclosures Rise [$$] Red Roof Inn Defaults on Mortgage Debt (at The
Wall Street Journal Online)
MySpace to cut two-thirds of global
workforce GM to cut 4,000 more white-collar jobs
by year end Oracle tops forecasts despite sales,
profit dip; stated another way, bad news will be shilled as good news (AP) California
Collapsing Bankster “Holiday” Planned for
September? Recession Sparking Global Unrest Is Your Portfolio Ready for the Next
Leg Down? S&P turns negative for year in
broad sell-off (Reuters) Goldman Sachs on pace for record bonuses: report
(Reuters) Numbers On Welfare See Sharp
Increase Top Insiders Playing You For A
Sucker? The death of the dollar. Who
could deny it? Stanford indicted in
massive U.S. fraud case which is small potatoes compared to ubiquitously
massive wall street securities fraud which caused the ongoing financial
debacle Venture
Capital Bubble Set to Burst, Kedrosky Says Obama Plans to Cut Bank
Regulators, Allow Fed to Supervise Financial Holding Companies – The old fox
guarding the henhouse tricks Federal Reserve unwisely to gain
power under plan Federal Reserve Foolishly
To Be Given
Sweeping New Powers Yen Strengthens Most in Month as Asian Stocks Drop, Gold
Gains RUSSIA
CHALLENGES WORTHLESS DOLLAR... AIG says
former top exec plundered retirement plan [video] The
Too-Big-to-Fail Problem [6.8 min] (at MarketWatch) [$$] Too Big to Solve?
(at The Wall Street Journal Online) Buy and Hold Is Dead.
Long Live Buy and Hold! Financial Bailout Plan Keeps
Zombie Banks Alive Bernanke then as now in denial
about looming crisis 2005-2007 Retail sales, drop in
jobless claims to a very high even if believed 601,000 yielding record
continuing claims of 6.8 million fuel hope…if you’re a dope Lawmakers
blast Fed, Treasury for BofA "threats" Oil climbs over $73 on
hopes for rising demand
U.S. Household Worth
Fell by $1.3 Trillion in First Quarter Predictions of $250
a barrel on oil ECB Fears Reality of
Banking Crisis in 2010: Report Get Ready for Inflation and
Higher Interest Rates Bill To Audit Federal Reserve Now
Has 209 Co-Sponsors Russia May Swap Some U.S. Treasuries for IMF Debt Fed report shows losses on Bear Stearns, AIG holdings Congress subpoenas the Fed ...
Finally! (AP) Brazil in recession, recovery unlikely this year What a “Jobless Recovery” Really Means: A Massive
Redistribution of Wealth from the Little Guy to the Big Boys Obama
Tells American Businesses to Drop Dead America’s Fed Addiction “87
Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are Unsafe” Fed Said to Retreat
From Seeking Power to Sell Its Own Debt/Bills WIRE: Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory Loss Obama’s economic model versus
reality Reality
bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government reports better than private
estimates…riiiiight! President
of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now Benefit spending
soars to new high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC: OIL COULD REACH $90... ----- Existing home foreclosure
sales up, and no profit discount car sales better than expected Diluting
like crazy through new stock bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up,
prices down , ‘SELL IN MAY AND GO AWAY’, so SELL/SELL
INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH
WORSE TO COME!
(7-9-09) Dow 8,183.17 +4.76 +0.06%
To stamp out fraud, no change from suckers’ rally
worth reporting for second, third, fourth weeks of March and April
-436 for the first week of March -12% for the month
of February -8.8% (-775) for the
month of January -1%
for fourth week of January -2.5% for third week of
January -4% for second
week of January -5%
for first full week of January -34%
for the year -1% for the fourth
week of December No
change worth reporting for second and third weeks of December -2.3% for the
first week of December -5.8% for the month of
November. -15% for the month of
October Nasdaq 1,752.55 +5.38 +0.31%
To stamp out fraud, no change from suckers’ rally
worth reporting for second, third, fourth weeks of March and
April -84 for the first week of March
-7% for the month of February -6.4% (-101) for
the month of January -1%
for fourth week of January -3.3%
for third week of January -3%
for second week of January -4%
for first full week of January -41%
for the year -2% for the fourth
week of December No
change worth reporting for second and third weeks of December -5.7% for the
first week of December -11% for the month of
November. -17% for October S&P 500 882.68 +3.12 +0.35%
To stamp out fraud, no change from suckers’ rally
worth reporting for second, third, fourth weeks of March and
April -52 for the first week of March
-11% for the month of February -8.6%
(-75) for the month of January -1%
for fourth week of January -2.3%
for third week of January - 5% for second week of
January -4%
for first full week of January -39%
for the year -2% for the fourth
week of December No
change worth reporting for second and third weeks of December -2.7% for the
first week of December -7.5% for the month of
November. -18% for October
[CLOSE- OIL $60.41 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$2.65 (reg. gas in LAND OF FRUITS AND NUTS
$2.95 REG./ $3.08 MID-GRADE/ $3.20PREM./ $2.83 DIESEL)/ GOLD $916.20 [video]
Gold Surges Stocks/Gold Comparison
(+5.58% for year 2008) / SILVER $12.94 PLATINUM $1,116 / DOLLAR= .70 EURO, 93
YEN, .60 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD
3.313% …..… AP Business Highlights … ...Yahoo
Market Update... ] YAHOO - BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Must Read
Economic/Financial Data ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS! STILL
WANING FULL MOON INDUCED LUNATIC WALL STREET FRAUDS RALLY INTO THE CLOSE IN
THIS SECULAR BEAR MARKET SUCKERS’ RALLY PROGRAMMED TO KEEP SUCKERS SUCKERED [
Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) [$$] Big
Pay Packages Return to Wall Street as new fraud gains steam (at The Wall
Street Journal Online) ] BASED ON CONTINUED BAD NEWS ( ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... 6.9 million
continuing unemployment claims for new record; retail sales down sharply Economist:
FDIC gearing up for bank closures Goldman Sachs Admits Its Software Can “Manipulate
Markets in Unfair Ways and fraudulently generate commissions /trade volume” True unemployment rate already at 20% AIG Preparing to Pay New
Round of Bonuses... While Talking About Keynesian Stimulus, Feds Are Really
Just Giving Money to the Big Frauds FDIC
Insurance Fund: It Doesn’t Actually Exist Replacing the dollar as reserve currency US loses 467,000 jobs, unemployment at 9.5% 'We're in the Middle of a Crash': Black Swan... Economic
Expectations – Unemployment Rate Will Reach 15% David Tice: We are going into a
depression-15% unemployment or more on horizon. U.S. consumers fall behind on loans at
record pace FBI: Mortgage
fraud 'rampant' and growing... Celente and Schiff Predict
Food Panic This Year. Watch clips HERE. Fema Camps Built. Wall Street hits 10-week low amid talk of new
stimulus (7-2)Seven
more banks fail, bringing 2009 tally to more than double all of 2008 at a
total thus far of 52; Private sector sheds another 473,000 jobs in
June... US lurching towards ‘debt
explosion’ with long-term interest rates on course to double Jim Rogers Sells Dollars, Plans to Short Treasuries ‘Sucker’s Rally Beginning To Unwind’ daaaah…? Calls grow to supplant dollar as global currency China
officials call for displacing dollar, in time Tracking
Two Depressions, 1929 and now this Mortgage applications fall to 7-month low... Private sector sheds another 473,000 jobs in June... 'Layoffs may be worsening'... AIG shares drop after
1-for-20 reverse-stock split (AP) Manhattan
apartment prices skid 13 to 19 percent Job losses / job
concerns realistically weigh on confidence, real estate values/prices
continue downward trend as per Case / Shiller Index (-18.1%, -21% in
california) Consumer
confidence suffers steep fall... Home prices post 18% annual
drop... Worldwide Depression: Review of Global Markets . Four banks
fail, bringing 2009 tally to 19 more than all of 2008 at a total thus far of
44 Dollar Falls Most in Month as China Urges New Reserve
Currency Gerald Celente speaks on Cap and Trade and other handicaps
to the US economy HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH
CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT
ONE PROSECUTION IN THE MOST RECENT
MASSIVE SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE
PERPETRATORS AS WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW
REFLATING THE STOCK MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD
AND BULL S**T), CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE
BUBBLE FROM WHICH THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID
SCRUTINY OF THEIR NEW FRAUD IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM
SELL THE SIZZLE BUST /DEBACLE, RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED
WORTHLESS COLLATERALIZED SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT
ADDRESSED), ETC., THE FRAUDS ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG
TO FAIL MANTRA … HOW PATHETIC! … THAT MONEY HAS TO COME FROM SOMEPLACE, IE.,
PRINTING, CREATING, YOUR POCKETS, … NOT OUT OF THIN AIR! ] TYPICAL END OF
QUARTER FRAUD/WINDOW DRESSING TO KEEP SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) ] BASED ON CONTINUED BAD NEWS ( ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , personal
income up modest .2% and spending down, China calls for new reserve currency
to supplant worthless dollar Dollar
And Stocks Drop As China Calls For New Global Currency , continuing unemployment claims at or near
record 627,000, weekly unemployment claims up 15,000, and GDP contraction
–5.5%, all worse than expected (lennar wider than expected quarterly loss
rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing
words/b.s. from fed which previously predicted no recession that economy
still contracting but that the contraction is somewhat slowing…what b**l
s**t!…, analysts- buffet/economy in shambles, Hogan/negative GDP growth and
inflation owing to debasement of the dollar as well as deficit
spending/pump-priming in the trillions, joker stein/economy a mess and
continued job losses, new home sales down .6%; U.S. Home Prices Drop 6.8 Percent
in April as Foreclosures Rise foreclosure sales up 2.4%, prices down
17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. regulators close
their 40th bank of the year
, Next
Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted
2.9% and big difference between not getting worse and getting better, market got ahead of itself, stalled out,
still depression/more job losses, higher oil-gas prices / higher interest
rates / heavy debt to pare down is 1-3 year drag on economy, even if believed
(I don’t) the labor dept. far better than expected job numbers by increased
debt (spending) to produce same is not economically sound or sustainable,
viz., record spending with record low revenues, rating cuts for bank sector,
analysts concur in significant 5-15% (reality says 15-25%)
pullback/correction for stocks , institutional selling, industrial production/construction down
1.1%, housing starts allegedly up but if believed will only increase the
plethora of unsold inventories, empire manufacturing index suffers unexpectedly
severe decline…daaaah!, credit dard defaults at record high, analysts concur
that fundamentals don’t support stock rally and that pac money(defacto
bribes) might derail any meaningful reform/regulation which is of concern to
the frauds on wall street who should be prosecuted, record loss of wealth,
higher gas prices, job losses, higher interest rates / yields, higher
commodity prices, higher deficits, hyperinflation, record continuing
unemployment claims at 6.8 million, worthless Weimar dollar crashing, money supply exploding with hyperinflation/higher
interest rates coming, budget deficit at new highs and trade deficit worse
than expected, analyst who called crash says inflationary depression, banks
passed stress tests only with the help of fraudulent change in accounting
rules, banks still insolvent, toxic assets even more toxic, dollar falling
and a lot lower to go, $100 + oil by end of year, Obama/bernanke continuing
failed policies of bush greenspan, recommends getting out of Dodge and u.s.
assets Jim Rogers: “The Worst is Not Over” 6/9/2009 Markets See a Breakdown
in Technical Support Levels Roubini: USA
sees double-dip recession... Jobless claims rise; GDP dips in 1Q Bernanke faces GOP-led (who are they kidding-bushies/paulsen
went so far as threaten martial law- prosecute now! They continue to allow
the wall street fraud and political theater doesn’t change their complicity)
heat on BofA-Merrill deal Fed Tried to Cover-up Its
Involvement in Bank of America-Merrill Deal U.S. Economy: Jobless Claims
Rise in Sign Labor Market Stagnant Dollar
drops on reserve currency doubts China sells
US bonds to ’show concern’ BRICs May Buy Each
Other’s Bonds in Shift From Dollar China’s holding of US bonds
drops first time in 11 months Russia to Raise Reserve Currency Issue at BRIC International
Demand for Worthless U.S. Assets Slowed in April IMF says worst not over Senator cashed out during
big stock collapse -- after meeting with Fed, Treasury chiefs! America's AAA
downgrade danger... Treasury faces pressure on price of TARP exit A depression so deep even
teen shoppers scrimp US cities may have to be bulldozed in order to survive 1st quarter
wiped out $1.3 trillion for Americans Get Ready for Inflation and
Higher Interest Rates Oil prices near $73 as
energy rally continues
Fed Would Be Shut Down If It Were
Audited Fed says
economy weak, but sees signs the slide increasing Mounting
deficits spark jitters about U.S. economy Wall Street falls as
realities dent recovery hopes
Bonds fall on
worries about government's debt load (AP) Oil prices strike new
high for 2009 (AP) The depression quietly deepens
CHINA AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes,
We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake
government job loss report near 40% better than private forecasts…I don’t think
so!…9.4% unemployment rate…try well over 10% and with stopped looking
included over 20% , Jim
Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now China explores
buying $50bn in IMF bonds US retailers
report May sales declines Tiny Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage
apps. down, service sector job losses/factory orders worse than expected, new
record continuing unemployment claims, bernanke spend more money you don’t
have but cut debilitating deficit…riiiiight…sounds like a plan with more job
losses to come, etc., Economic data disappoint, indicate slow
recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As the
Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD $63.8
TRILLION... The Big
Collapse Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy
to dip again next year... Case-Shillers
index shows new record decline in real estate prices, $80+ oil coming this year
Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh! Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro ,
new record for continuing unemployment claims, fed downgrades outlook
that previously provided b.s. for suckers’ rally, record low for new housing
starts, etc.) AND
BULL S**T ALONE (ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , world economy to shrink by worse than
previously predicted 2.9% and big difference between not getting worse and
getting better, leading indicators up far more
than expected … bull s**t …based in large part on inflated stock price
component … more bull s**t … new reform with same old frauds say increased capital
requirements and oversight of the overseers/rating agencies (riiiiight!…same
old,same old - already have but no will to enforce existing laws, etc.),
analyst who called crash says inflationary depression, banks passed stress
tests only with the help of fraudulent change in accounting rules, banks
still insolvent, toxic assets even more toxic, dollar falling and a lot lower
to go, $100 + oil by end of year, Obama/bernanke continuing failed policies
of bush greenspan, recommends getting out of Dodge and u.s. assets Insiders Exit Shares at the
Fastest Pace in Two Years BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... The Next Bubble Is Here. Have
You Bought In? Here we go again! Barney Frank asks FANNIE and FREDDIE to
relax Mortgage lending rules... Fed Tried to Cover-up Its
Involvement in Bank of America-Merrill Deal Dollar
And Stocks Drop As China Calls For New Global Currency Citigroup Ordered to
Suspend Some Operations in Japan Bernanke
Grilling May Weaken Case for Fed as Risk Regulator Citi boosting salaries to offset lower bonuses,
allegedly to retain the clowns who helped make them taxpayer dependant and
cause the current debacle; how ‘bout firing them instead and offering
opportunity to the new, particularly non-ivy league vegetable garden grads [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. Home Prices Drop 6.8 Percent
in April as Foreclosures Rise [$$] Red Roof Inn Defaults on Mortgage Debt (at The
Wall Street Journal Online)
MySpace to cut two-thirds of global
workforce GM to cut 4,000 more white-collar jobs
by year end Oracle tops forecasts despite sales,
profit dip; stated another way, bad news will be shilled as good news (AP) California
Collapsing Bankster “Holiday” Planned for
September? Recession Sparking Global Unrest Is Your Portfolio Ready for the Next
Leg Down? S&P turns negative for year in
broad sell-off (Reuters) Goldman Sachs on pace for record bonuses: report
(Reuters) Numbers On Welfare See Sharp
Increase Top Insiders Playing You For A
Sucker? The death of the dollar. Who
could deny it? Stanford indicted in
massive U.S. fraud case which is small potatoes compared to ubiquitously
massive wall street securities fraud which caused the ongoing financial
debacle Venture
Capital Bubble Set to Burst, Kedrosky Says Obama Plans to Cut Bank
Regulators, Allow Fed to Supervise Financial Holding Companies – The old fox
guarding the henhouse tricks Federal Reserve unwisely to gain
power under plan Federal Reserve Foolishly
To Be Given
Sweeping New Powers Yen Strengthens Most in Month as Asian Stocks Drop, Gold
Gains RUSSIA
CHALLENGES WORTHLESS DOLLAR... AIG says
former top exec plundered retirement plan [video] The
Too-Big-to-Fail Problem [6.8 min] (at MarketWatch) [$$] Too Big to Solve?
(at The Wall Street Journal Online) Buy and Hold Is Dead.
Long Live Buy and Hold! Financial Bailout Plan Keeps
Zombie Banks Alive Bernanke then as now in denial
about looming crisis 2005-2007 Retail sales, drop in
jobless claims to a very high even if believed 601,000 yielding record
continuing claims of 6.8 million fuel hope…if you’re a dope Lawmakers
blast Fed, Treasury for BofA "threats" Oil climbs over $73 on
hopes for rising demand
U.S. Household Worth
Fell by $1.3 Trillion in First Quarter Predictions of $250
a barrel on oil ECB Fears Reality of
Banking Crisis in 2010: Report Get Ready for Inflation and
Higher Interest Rates Bill To Audit Federal Reserve Now
Has 209 Co-Sponsors Russia May Swap Some U.S. Treasuries for IMF Debt Fed report shows losses on Bear Stearns, AIG holdings Congress subpoenas the Fed ...
Finally! (AP) Brazil in recession, recovery unlikely this year What a “Jobless Recovery” Really Means: A Massive
Redistribution of Wealth from the Little Guy to the Big Boys Obama
Tells American Businesses to Drop Dead America’s Fed Addiction “87
Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are
Unsafe” Fed Said to Retreat
From Seeking Power to Sell Its Own Debt/Bills WIRE: Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory Loss Obama’s economic model versus
reality Reality
bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government reports better than private estimates…riiiiight! President
of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now Benefit spending
soars to new high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC: OIL COULD REACH $90... ----- Existing home foreclosure
sales up, and no profit discount car sales better than expected Diluting
like crazy through new stock bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up,
prices down , ‘SELL IN MAY AND GO AWAY’, so SELL/SELL
INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH
WORSE TO COME!
(7-8-09) Dow 8,178.41 +14.81 +0.18%
To stamp out fraud, no change from suckers’ rally
worth reporting for second, third, fourth weeks of March and April
-436 for the first week of March -12% for the month
of February -8.8% (-775) for the
month of January -1%
for fourth week of January -2.5% for third week of
January -4% for second
week of January -5%
for first full week of January -34%
for the year -1% for the fourth
week of December No
change worth reporting for second and third weeks of December -2.3% for the
first week of December -5.8% for the month of
November. -15% for the month of
October Nasdaq 1,747.17 +1.00 +0.06%
To stamp out fraud, no change from suckers’ rally
worth reporting for second, third, fourth weeks of March and
April -84 for the first week of March
-7% for the month of February -6.4% (-101) for
the month of January -1%
for fourth week of January -3.3%
for third week of January -3%
for second week of January -4%
for first full week of January -41%
for the year -2% for the fourth
week of December No
change worth reporting for second and third weeks of December -5.7% for the
first week of December -11% for the month of
November. -17% for October S&P 500 879.56 –1.47 -0.13%
To stamp out fraud, no change from suckers’ rally
worth reporting for second, third, fourth weeks of March and
April -52 for the first week of March
-11% for the month of February -8.6%
(-75) for the month of January -1%
for fourth week of January -2.3%
for third week of January - 5% for second week of
January -4%
for first full week of January -39%
for the year -2% for the fourth
week of December No
change worth reporting for second and third weeks of December -2.7% for the
first week of December -7.5% for the month of
November. -18% for October
[CLOSE- OIL $60.14 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$2.65 (reg. gas in LAND OF FRUITS AND NUTS
$2.95 REG./ $3.08 MID-GRADE/ $3.20PREM./ $2.83 DIESEL)/ GOLD $911 [video]
Gold Surges Stocks/Gold Comparison
(+5.58% for year 2008) / SILVER $12.88 PLATINUM $1,106 / DOLLAR= .70 EURO, 93
YEN, .62 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD
3.35% …..… AP Business Highlights … ...Yahoo
Market Update... ] YAHOO - BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Must Read
Economic/Financial Data ABSOLUTELY, ABSURDLY, RIDICULOUS! WANING FULL MOON INDUCED
LUNATIC WALL STREET FRAUDS SURGE INTO THE CLOSE IN THIS SECULAR BEAR MARKET
SUCKERS’ RALLY PROGRAMMED TO KEEP SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) [$$] Big
Pay Packages Return to Wall Street as new fraud gains steam (at The Wall
Street Journal Online) ] BASED ON CONTINUED BAD NEWS ( ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... Economist:
FDIC gearing up for bank closures Goldman Sachs Admits Its Software Can “Manipulate
Markets in Unfair Ways and fraudulently generate commissions /trade volume” True unemployment rate already at 20% US loses 467,000 jobs, unemployment at 9.5% 'We're in the Middle of a Crash': Black Swan... Economic
Expectations – Unemployment Rate Will Reach 15% David Tice: We are going into a
depression-15% unemployment or more on horizon. U.S. consumers fall behind on loans at
record pace FBI: Mortgage
fraud 'rampant' and growing... Celente and Schiff Predict
Food Panic This Year. Watch clips HERE. Fema Camps Built. Wall Street hits 10-week low amid talk of new
stimulus (7-2)Seven
more banks fail, bringing 2009 tally to more than double all of 2008 at a
total thus far of 52; Private sector sheds another 473,000 jobs in
June... US lurching towards ‘debt
explosion’ with long-term interest rates on course to double Jim Rogers Sells Dollars, Plans to Short Treasuries ‘Sucker’s Rally Beginning To Unwind’ daaaah…? Calls grow to supplant dollar as global currency China
officials call for displacing dollar, in time Tracking
Two Depressions, 1929 and now this Mortgage applications fall to 7-month low... Private sector sheds another 473,000 jobs in June... 'Layoffs may be worsening'... AIG shares drop after
1-for-20 reverse-stock split (AP) Manhattan
apartment prices skid 13 to 19 percent Job losses / job
concerns realistically weigh on confidence, real estate values/prices
continue downward trend as per Case / Shiller Index (-18.1%, -21% in
california) Consumer
confidence suffers steep fall... Home prices post 18% annual
drop... Worldwide Depression: Review of Global Markets . Four banks
fail, bringing 2009 tally to 19 more than all of 2008 at a total thus far of
44 Dollar Falls Most in Month as China Urges New Reserve
Currency Gerald Celente speaks on Cap and Trade and other handicaps
to the US economy HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH
CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT
ONE PROSECUTION IN THE MOST RECENT
MASSIVE SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE
PERPETRATORS AS WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW
REFLATING THE STOCK MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD
AND BULL S**T), CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE
BUBBLE FROM WHICH THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID
SCRUTINY OF THEIR NEW FRAUD IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM
SELL THE SIZZLE BUST /DEBACLE, RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED
WORTHLESS COLLATERALIZED SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT
ADDRESSED), ETC., THE FRAUDS ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG
TO FAIL MANTRA … HOW PATHETIC! … THAT MONEY HAS TO COME FROM SOMEPLACE, IE.,
PRINTING, CREATING, YOUR POCKETS, … NOT OUT OF THIN AIR! ] TYPICAL END OF
QUARTER FRAUD/WINDOW DRESSING TO KEEP SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) ] BASED ON CONTINUED BAD NEWS ( ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , personal
income up modest .2% and spending down, China calls for new reserve currency
to supplant worthless dollar Dollar
And Stocks Drop As China Calls For New Global Currency , continuing unemployment claims at or near
record 627,000, weekly unemployment claims up 15,000, and GDP contraction
–5.5%, all worse than expected (lennar wider than expected quarterly loss
rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing
words/b.s. from fed which previously predicted no recession that economy
still contracting but that the contraction is somewhat slowing…what b**l
s**t!…, analysts- buffet/economy in shambles, Hogan/negative GDP growth and
inflation owing to debasement of the dollar as well as deficit
spending/pump-priming in the trillions, joker stein/economy a mess and
continued job losses, new home sales down .6%; U.S. Home Prices Drop 6.8 Percent
in April as Foreclosures Rise foreclosure sales up 2.4%, prices down
17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. regulators close
their 40th bank of the year
, Next
Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted
2.9% and big difference between not getting worse and getting better, market got ahead of itself, stalled out,
still depression/more job losses, higher oil-gas prices / higher interest
rates / heavy debt to pare down is 1-3 year drag on economy, even if believed
(I don’t) the labor dept. far better than expected job numbers by increased
debt (spending) to produce same is not economically sound or sustainable,
viz., record spending with record low revenues, rating cuts for bank sector,
analysts concur in significant 5-15% (reality says 15-25%)
pullback/correction for stocks , institutional selling, industrial production/construction down
1.1%, housing starts allegedly up but if believed will only increase the
plethora of unsold inventories, empire manufacturing index suffers
unexpectedly severe decline…daaaah!, credit dard defaults at record high,
analysts concur that fundamentals don’t support stock rally and that pac
money(defacto bribes) might derail any meaningful reform/regulation which is
of concern to the frauds on wall street who should be prosecuted, record loss
of wealth, higher gas prices, job losses, higher interest rates / yields,
higher commodity prices, higher deficits, hyperinflation, record continuing
unemployment claims at 6.8 million, worthless Weimar dollar crashing, money supply exploding with
hyperinflation/higher interest rates coming, budget deficit at new highs and
trade deficit worse than expected, analyst who called crash says inflationary
depression, banks passed stress tests only with the help of fraudulent change
in accounting rules, banks still insolvent, toxic assets even more toxic,
dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends
getting out of Dodge and u.s. assets
Jim Rogers: “The Worst is Not Over” 6/9/2009 Markets See a Breakdown
in Technical Support Levels Roubini: USA
sees double-dip recession... Jobless claims rise; GDP dips in 1Q Bernanke faces GOP-led (who are they
kidding-bushies/paulsen went so far as threaten martial law- prosecute now!
They continue to allow the wall street fraud and political theater doesn’t
change their complicity) heat on BofA-Merrill deal Fed Tried to Cover-up Its
Involvement in Bank of America-Merrill Deal U.S. Economy: Jobless Claims
Rise in Sign Labor Market Stagnant Dollar
drops on reserve currency doubts China sells
US bonds to ’show concern’ BRICs May Buy Each
Other’s Bonds in Shift From Dollar China’s holding of US bonds
drops first time in 11 months Russia to Raise Reserve Currency Issue at BRIC International
Demand for Worthless U.S. Assets Slowed in April IMF says worst not over Senator cashed out during
big stock collapse -- after meeting with Fed, Treasury chiefs! America's AAA
downgrade danger... Treasury faces pressure on price of TARP exit A depression so deep even
teen shoppers scrimp US cities may have to be bulldozed in order to survive 1st quarter
wiped out $1.3 trillion for Americans Get Ready for Inflation and
Higher Interest Rates Oil prices near $73 as
energy rally continues
Fed Would Be Shut Down If It Were
Audited Fed says
economy weak, but sees signs the slide increasing Mounting
deficits spark jitters about U.S. economy Wall Street falls as
realities dent recovery hopes
Bonds fall on
worries about government's debt load (AP) Oil prices strike new
high for 2009 (AP) The depression quietly deepens
CHINA AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes,
We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake
government job loss report near 40% better than private forecasts…I don’t
think so!…9.4% unemployment rate…try well over 10% and with stopped looking
included over 20% , Jim
Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now China explores
buying $50bn in IMF bonds US retailers
report May sales declines Tiny Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage
apps. down, service sector job losses/factory orders worse than expected, new
record continuing unemployment claims, bernanke spend more money you don’t
have but cut debilitating deficit…riiiiight…sounds like a plan with more job
losses to come, etc., Economic data disappoint, indicate slow
recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As the
Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD $63.8
TRILLION... The Big
Collapse Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy
to dip again next year... Case-Shillers
index shows new record decline in real estate prices, $80+ oil coming this year
Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh! Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro ,
new record for continuing unemployment claims, fed downgrades outlook
that previously provided b.s. for suckers’ rally, record low for new housing
starts, etc.) AND
BULL S**T ALONE (ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , world economy to shrink by worse than
previously predicted 2.9% and big difference between not getting worse and
getting better, leading indicators up far more
than expected … bull s**t …based in large part on inflated stock price
component … more bull s**t … new reform with same old frauds say increased capital
requirements and oversight of the overseers/rating agencies (riiiiight!…same
old,same old - already have but no will to enforce existing laws, etc.),
analyst who called crash says inflationary depression, banks passed stress
tests only with the help of fraudulent change in accounting rules, banks
still insolvent, toxic assets even more toxic, dollar falling and a lot lower
to go, $100 + oil by end of year, Obama/bernanke continuing failed policies
of bush greenspan, recommends getting out of Dodge and u.s. assets Insiders Exit Shares at the
Fastest Pace in Two Years BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... The Next Bubble Is Here. Have
You Bought In? Here we go again! Barney Frank asks FANNIE and FREDDIE to
relax Mortgage lending rules... Fed Tried to Cover-up Its
Involvement in Bank of America-Merrill Deal Dollar
And Stocks Drop As China Calls For New Global Currency Citigroup Ordered to
Suspend Some Operations in Japan Bernanke
Grilling May Weaken Case for Fed as Risk Regulator Citi boosting salaries to offset lower bonuses,
allegedly to retain the clowns who helped make them taxpayer dependant and
cause the current debacle; how ‘bout firing them instead and offering
opportunity to the new, particularly non-ivy league vegetable garden grads [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. Home Prices Drop 6.8 Percent
in April as Foreclosures Rise [$$] Red Roof Inn Defaults on Mortgage Debt (at The
Wall Street Journal Online)
MySpace to cut two-thirds of global
workforce GM to cut 4,000 more white-collar jobs
by year end Oracle tops forecasts despite sales,
profit dip; stated another way, bad news will be shilled as good news (AP) California
Collapsing Bankster “Holiday” Planned for
September? Recession Sparking Global Unrest Is Your Portfolio Ready for the Next
Leg Down? S&P turns negative for year in
broad sell-off (Reuters) Goldman Sachs on pace for record bonuses: report
(Reuters) Numbers On Welfare See Sharp
Increase Top Insiders Playing You For A
Sucker? The death of the dollar. Who
could deny it? Stanford indicted in
massive U.S. fraud case which is small potatoes compared to ubiquitously
massive wall street securities fraud which caused the ongoing financial
debacle Venture
Capital Bubble Set to Burst, Kedrosky Says Obama Plans to Cut Bank
Regulators, Allow Fed to Supervise Financial Holding Companies – The old fox
guarding the henhouse tricks Federal Reserve unwisely to gain
power under plan Federal Reserve Foolishly
To Be Given
Sweeping New Powers Yen Strengthens Most in Month as Asian Stocks Drop, Gold
Gains RUSSIA
CHALLENGES WORTHLESS DOLLAR... AIG says
former top exec plundered retirement plan [video] The
Too-Big-to-Fail Problem [6.8 min] (at MarketWatch) [$$] Too Big to Solve?
(at The Wall Street Journal Online) Buy and Hold Is Dead. Long
Live Buy and Hold! Financial Bailout Plan Keeps
Zombie Banks Alive Bernanke then as now in denial
about looming crisis 2005-2007 Retail sales, drop in
jobless claims to a very high even if believed 601,000 yielding record
continuing claims of 6.8 million fuel hope…if you’re a dope Lawmakers
blast Fed, Treasury for BofA "threats" Oil climbs over $73 on
hopes for rising demand
U.S. Household Worth
Fell by $1.3 Trillion in First Quarter Predictions of $250
a barrel on oil ECB Fears Reality of
Banking Crisis in 2010: Report Get Ready for Inflation and
Higher Interest Rates Bill To Audit Federal Reserve Now
Has 209 Co-Sponsors Russia May Swap Some U.S. Treasuries for IMF Debt Fed report shows losses on Bear Stearns, AIG holdings Congress subpoenas the Fed ...
Finally! (AP) Brazil in recession, recovery unlikely this year What a “Jobless Recovery” Really Means: A Massive
Redistribution of Wealth from the Little Guy to the Big Boys Obama
Tells American Businesses to Drop Dead America’s Fed Addiction “87
Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are
Unsafe” Fed Said to Retreat
From Seeking Power to Sell Its Own Debt/Bills WIRE: Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory Loss Obama’s economic model versus
reality Reality
bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government reports better than private
estimates…riiiiight! President
of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now Benefit spending
soars to new high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC: OIL COULD REACH $90... ----- Existing home foreclosure
sales up, and no profit discount car sales better than expected Diluting
like crazy through new stock bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up,
prices down , ‘SELL IN MAY AND GO AWAY’, so SELL/SELL
INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH
WORSE TO COME!
(7-7-09) Dow 8,163.60 -161.27 -1.94% To stamp out fraud, no
change from suckers’ rally worth reporting for second, third, fourth weeks of
March and April -436 for the first week of
March -12% for the month of February -8.8%
(-775) for the month of January -1%
for fourth week of January -2.5% for third week of
January -4% for second
week of January -5%
for first full week of January -34%
for the year -1% for the fourth
week of December No
change worth reporting for second and third weeks of December -2.3% for the
first week of December -5.8% for the month of
November. -15% for the month of
October Nasdaq 1,746.17 -41.23 -2.31% To stamp out fraud,
no change from suckers’ rally worth reporting for second, third, fourth weeks
of March and April
-84 for the first week of March -7% for the month
of February -6.4% (-101) for the month of January -1%
for fourth week of January -3.3%
for third week of January -3%
for second week of January -4%
for first full week of January -41%
for the year -2% for the fourth
week of December No
change worth reporting for second and third weeks of December -5.7% for the
first week of December -11% for the month of
November. -17% for October S&P 500 881.03 -17.69 -1.97%
To stamp out fraud, no change from suckers’ rally
worth reporting for second, third, fourth weeks of March and
April -52 for the first week of March
-11% for the month of February -8.6%
(-75) for the month of January -1%
for fourth week of January -2.3%
for third week of January - 5% for second week of
January -4%
for first full week of January -39%
for the year -2% for the fourth
week of December No
change worth reporting for second and third weeks of December -2.7% for the
first week of December -7.5% for the month of
November. -18% for October
[CLOSE- OIL $62.93 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$2.65 (reg. gas in LAND OF FRUITS AND NUTS
$2.96 REG./ $3.08 MID-GRADE/ $3.20PREM./ $2.83 DIESEL)/ GOLD $929.11 [video]
Gold Surges Stocks/Gold Comparison
(+5.58% for year 2008) / SILVER $13.22 PLATINUM $1,135 / DOLLAR= .70 EURO, 94
YEN, .60 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD
3.45% …..… AP Business
Highlights … ...Yahoo Market
Update... ] YAHOO - BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Must Read Economic/Financial
Data ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS! MODEST
LOSSES RELATIVE TO REALITY IN WHAT REMAINS [-0-] OF THIS SECULAR BEAR MARKET
SUCKERS’ RALLY PROGRAMMED TO KEEP SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) [$$] Big
Pay Packages Return to Wall Street as new fraud gains steam (at The Wall
Street Journal Online) ] BASED ON CONTINUED BAD NEWS ( ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... America’s
Effective Unemployment Rate at 18.7%? US
loses 467,000 jobs, unemployment at 9.5% 'We're in the Middle of a Crash': Black
Swan...
Economic
Expectations – Unemployment Rate Will Reach 15% David Tice: We are going
into a depression. 15% unemployment or more on horizon. U.S. consumers fall behind on loans at
record pace FBI: Mortgage
fraud 'rampant' and growing... Celente and Schiff Predict
Food Panic This Year. Watch clips HERE. Fema Camps Built. Wall Street hits 10-week low amid talk of new
stimulus (7-2)Seven
more banks fail, bringing 2009 tally to more than double all of 2008 at a
total thus far of 52; Private sector sheds another 473,000 jobs in
June... US lurching towards ‘debt
explosion’ with long-term interest rates on course to double Jim Rogers Sells Dollars, Plans to Short Treasuries ‘Sucker’s Rally Beginning To Unwind’ daaaah…? Calls grow to supplant dollar as global currency China
officials call for displacing dollar, in time Tracking
Two Depressions, 1929 and now this Mortgage applications fall to 7-month low... Private sector sheds another 473,000 jobs in June... 'Layoffs may be worsening'... AIG shares drop after
1-for-20 reverse-stock split (AP) Manhattan
apartment prices skid 13 to 19 percent Job losses / job
concerns realistically weigh on confidence, real estate values/prices continue
downward trend as per Case / Shiller Index (-18.1%, -21% in california) Consumer
confidence suffers steep fall... Home prices post 18% annual
drop... Worldwide Depression: Review of Global Markets . Four banks
fail, bringing 2009 tally to 19 more than all of 2008 at a total thus far of
44 Dollar Falls Most in Month as China Urges New Reserve
Currency Gerald Celente speaks on Cap and Trade and other handicaps
to the US economy HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH
CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT
ONE PROSECUTION IN THE MOST RECENT
MASSIVE SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE
PERPETRATORS AS WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW
REFLATING THE STOCK MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD
AND BULL S**T), CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE
BUBBLE FROM WHICH THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID
SCRUTINY OF THEIR NEW FRAUD IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM
SELL THE SIZZLE BUST /DEBACLE, RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED
WORTHLESS COLLATERALIZED SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT
ADDRESSED), ETC., THE FRAUDS ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG
TO FAIL MANTRA … HOW PATHETIC! … THAT MONEY HAS TO COME FROM SOMEPLACE, IE.,
PRINTING, CREATING, YOUR POCKETS, … NOT OUT OF THIN AIR! ] TYPICAL END OF
QUARTER FRAUD/WINDOW DRESSING TO KEEP SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) ] BASED ON CONTINUED BAD NEWS ( ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , personal
income up modest .2% and spending down, China calls for new reserve currency
to supplant worthless dollar Dollar
And Stocks Drop As China Calls For New Global Currency , continuing unemployment claims at or near
record 627,000, weekly unemployment claims up 15,000, and GDP contraction
–5.5%, all worse than expected (lennar wider than expected quarterly loss
rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing
words/b.s. from fed which previously predicted no recession that economy
still contracting but that the contraction is somewhat slowing…what b**l s**t!…,
analysts- buffet/economy in shambles, Hogan/negative GDP growth and inflation
owing to debasement of the dollar as well as deficit spending/pump-priming in
the trillions, joker stein/economy a mess and continued job losses, new home
sales down .6%; U.S. Home Prices Drop 6.8 Percent
in April as Foreclosures Rise foreclosure sales up 2.4%, prices down
17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. regulators close
their 40th bank of the year
, Next
Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted
2.9% and big difference between not getting worse and getting better, market got ahead of itself, stalled out,
still depression/more job losses, higher oil-gas prices / higher interest
rates / heavy debt to pare down is 1-3 year drag on economy, even if believed
(I don’t) the labor dept. far better than expected job numbers by increased
debt (spending) to produce same is not economically sound or sustainable,
viz., record spending with record low revenues, rating cuts for bank sector,
analysts concur in significant 5-15% (reality says 15-25%)
pullback/correction for stocks , institutional selling, industrial production/construction down
1.1%, housing starts allegedly up but if believed will only increase the
plethora of unsold inventories, empire manufacturing index suffers
unexpectedly severe decline…daaaah!, credit dard defaults at record high,
analysts concur that fundamentals don’t support stock rally and that pac
money(defacto bribes) might derail any meaningful reform/regulation which is
of concern to the frauds on wall street who should be prosecuted, record loss
of wealth, higher gas prices, job losses, higher interest rates / yields,
higher commodity prices, higher deficits, hyperinflation, record continuing
unemployment claims at 6.8 million, worthless Weimar dollar crashing, money supply exploding with
hyperinflation/higher interest rates coming, budget deficit at new highs and
trade deficit worse than expected, analyst who called crash says inflationary
depression, banks passed stress tests only with the help of fraudulent change
in accounting rules, banks still insolvent, toxic assets even more toxic,
dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends
getting out of Dodge and u.s. assets
Jim Rogers: “The Worst is Not Over” 6/9/2009 Markets See a Breakdown
in Technical Support Levels Roubini: USA
sees double-dip recession... Jobless claims rise; GDP dips in 1Q Bernanke faces GOP-led (who are they
kidding-bushies/paulsen went so far as threaten martial law- prosecute now!
They continue to allow the wall street fraud and political theater doesn’t
change their complicity) heat on BofA-Merrill deal Fed Tried to Cover-up Its
Involvement in Bank of America-Merrill Deal U.S. Economy: Jobless Claims
Rise in Sign Labor Market Stagnant Dollar
drops on reserve currency doubts China sells
US bonds to ’show concern’ BRICs May Buy Each
Other’s Bonds in Shift From Dollar China’s holding of US bonds
drops first time in 11 months Russia to Raise Reserve Currency Issue at BRIC International
Demand for Worthless U.S. Assets Slowed in April IMF says worst not over Senator cashed out during
big stock collapse -- after meeting with Fed, Treasury chiefs! America's AAA
downgrade danger... Treasury faces pressure on price of TARP exit A depression so deep even
teen shoppers scrimp US cities may have to be bulldozed in order to survive 1st quarter
wiped out $1.3 trillion for Americans Get Ready for Inflation and
Higher Interest Rates Oil prices near $73 as
energy rally continues
Fed Would Be Shut Down If It Were
Audited Fed says
economy weak, but sees signs the slide increasing Mounting
deficits spark jitters about U.S. economy Wall Street falls as
realities dent recovery hopes
Bonds fall on
worries about government's debt load (AP) Oil prices strike new
high for 2009 (AP) The depression quietly deepens
CHINA AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes,
We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake
government job loss report near 40% better than private forecasts…I don’t
think so!…9.4% unemployment rate…try well over 10% and with stopped looking
included over 20% , Jim
Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now China explores
buying $50bn in IMF bonds US retailers
report May sales declines Tiny Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage
apps. down, service sector job losses/factory orders worse than expected, new
record continuing unemployment claims, bernanke spend more money you don’t
have but cut debilitating deficit…riiiiight…sounds like a plan with more job
losses to come, etc., Economic data disappoint, indicate slow
recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As the
Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD $63.8
TRILLION... The Big
Collapse Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy
to dip again next year... Case-Shillers
index shows new record decline in real estate prices, $80+ oil coming this year
Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh! Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro ,
new record for continuing unemployment claims, fed downgrades outlook
that previously provided b.s. for suckers’ rally, record low for new housing
starts, etc.) AND
BULL S**T ALONE (ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , world economy to shrink by worse than
previously predicted 2.9% and big difference between not getting worse and
getting better, leading indicators up far more
than expected … bull s**t …based in large part on inflated stock price
component … more bull s**t … new reform with same old frauds say increased capital
requirements and oversight of the overseers/rating agencies (riiiiight!…same
old,same old - already have but no will to enforce existing laws, etc.),
analyst who called crash says inflationary depression, banks passed stress
tests only with the help of fraudulent change in accounting rules, banks
still insolvent, toxic assets even more toxic, dollar falling and a lot lower
to go, $100 + oil by end of year, Obama/bernanke continuing failed policies
of bush greenspan, recommends getting out of Dodge and u.s. assets Insiders Exit Shares at the
Fastest Pace in Two Years BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... The Next Bubble Is Here. Have
You Bought In? Here we go again! Barney Frank asks FANNIE and FREDDIE to
relax Mortgage lending rules... Fed Tried to Cover-up Its
Involvement in Bank of America-Merrill Deal Dollar
And Stocks Drop As China Calls For New Global Currency Citigroup Ordered to
Suspend Some Operations in Japan Bernanke
Grilling May Weaken Case for Fed as Risk Regulator Citi boosting salaries to offset lower bonuses,
allegedly to retain the clowns who helped make them taxpayer dependant and
cause the current debacle; how ‘bout firing them instead and offering
opportunity to the new, particularly non-ivy league vegetable garden grads [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. Home Prices Drop 6.8 Percent
in April as Foreclosures Rise [$$] Red Roof Inn Defaults on Mortgage Debt (at The
Wall Street Journal Online)
MySpace to cut two-thirds of global
workforce GM to cut 4,000 more white-collar jobs
by year end Oracle tops forecasts despite sales,
profit dip; stated another way, bad news will be shilled as good news (AP) California
Collapsing Bankster “Holiday” Planned for
September? Recession Sparking Global Unrest Is Your Portfolio Ready for the Next
Leg Down? S&P turns negative for year in
broad sell-off (Reuters) Goldman Sachs on pace for record bonuses: report
(Reuters) Numbers On Welfare See Sharp
Increase Top Insiders Playing You For A
Sucker? The death of the dollar. Who
could deny it? Stanford indicted in
massive U.S. fraud case which is small potatoes compared to ubiquitously
massive wall street securities fraud which caused the ongoing financial
debacle Venture
Capital Bubble Set to Burst, Kedrosky Says Obama Plans to Cut Bank
Regulators, Allow Fed to Supervise Financial Holding Companies – The old fox
guarding the henhouse tricks Federal Reserve unwisely to gain
power under plan Federal Reserve Foolishly
To Be Given
Sweeping New Powers Yen Strengthens Most in Month as Asian Stocks Drop, Gold
Gains RUSSIA
CHALLENGES WORTHLESS DOLLAR... AIG says
former top exec plundered retirement plan [video] The
Too-Big-to-Fail Problem [6.8 min] (at MarketWatch) [$$] Too Big to Solve?
(at The Wall Street Journal Online) Buy and Hold Is Dead.
Long Live Buy and Hold! Financial Bailout Plan Keeps
Zombie Banks Alive Bernanke then as now in denial
about looming crisis 2005-2007 Retail sales, drop in
jobless claims to a very high even if believed 601,000 yielding record
continuing claims of 6.8 million fuel hope…if you’re a dope Lawmakers
blast Fed, Treasury for BofA "threats" Oil climbs over $73 on
hopes for rising demand
U.S. Household Worth
Fell by $1.3 Trillion in First Quarter Predictions of $250
a barrel on oil ECB Fears Reality of
Banking Crisis in 2010: Report Get Ready for Inflation and
Higher Interest Rates Bill To Audit Federal Reserve Now
Has 209 Co-Sponsors Russia May Swap Some U.S. Treasuries for IMF Debt Fed report shows losses on Bear Stearns, AIG holdings Congress subpoenas the Fed ... Finally!
(AP) Brazil in recession, recovery unlikely this year What a “Jobless Recovery” Really Means: A Massive
Redistribution of Wealth from the Little Guy to the Big Boys Obama
Tells American Businesses to Drop Dead America’s Fed Addiction “87
Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are
Unsafe” Fed Said to Retreat
From Seeking Power to Sell Its Own Debt/Bills WIRE: Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory Loss Obama’s economic model versus reality
Reality
bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government reports better than private
estimates…riiiiight! President
of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now Benefit spending
soars to new high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC: OIL COULD REACH $90... ----- Existing home foreclosure
sales up, and no profit discount car sales better than expected Diluting
like crazy through new stock bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up,
prices down , ‘SELL IN MAY AND GO AWAY’, so SELL/SELL
INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH
WORSE TO COME!
(7-6-09) Dow 8,324.87 +44.13 +0.53%
To stamp out fraud, no change from suckers’ rally
worth reporting for second, third, fourth weeks of March and April
-436 for the first week of March -12% for the month
of February -8.8% (-775) for the
month of January -1%
for fourth week of January -2.5% for third week of
January -4% for second
week of January -5%
for first full week of January -34%
for the year -1% for the fourth
week of December No
change worth reporting for second and third weeks of December -2.3% for the
first week of December -5.8% for the month of
November. -15% for the month of
October Nasdaq 1,787.40 -9.12 -0.51%
To stamp out fraud, no change from suckers’ rally
worth reporting for second, third, fourth weeks of March and
April -84 for the first week of March
-7% for the month of February -6.4% (-101) for the
month of January -1%
for fourth week of January -3.3%
for third week of January -3%
for second week of January -4%
for first full week of January -41%
for the year -2% for the fourth
week of December No
change worth reporting for second and third weeks of December -5.7% for the
first week of December -11% for the month of
November. -17% for October S&P 500 898.72 +2.30 +0.00%
To stamp out fraud, no change from suckers’ rally
worth reporting for second, third, fourth weeks of March and
April -52 for the first week of March
-11% for the month of February -8.6%
(-75) for the month of January -1%
for fourth week of January -2.3%
for third week of January - 5% for second week of
January -4%
for first full week of January -39%
for the year -2% for the fourth
week of December No
change worth reporting for second and third weeks of December -2.7% for the
first week of December -7.5% for the month of
November. -18% for October
[CLOSE- OIL $64.05 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$2.65 (reg. gas in LAND OF FRUITS AND NUTS
$2.96 REG./ $3.08 MID-GRADE/ $3.20PREM./ $2.83 DIESEL)/ GOLD $924 [video]
Gold Surges Stocks/Gold Comparison
(+5.58% for year 2008) / SILVER $13.25 PLATINUM $1,147 / DOLLAR= .70 EURO, 95
YEN, .60 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD
3.51% …..… AP Business
Highlights … ...Yahoo Market
Update... ] YAHOO - BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Must Read
Economic/Financial Data ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL/SELL INTO
RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO
COME! PREPOSTEROUS WAS THIS SURGE IN THE LAST 20 MINUTES INTO THE CLOSE FOR
SECULAR BEAR MARKET SUCKERS’ RALLY PROGRAMMED TO KEEP SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) [$$] Big
Pay Packages Return to Wall Street as new fraud gains steam (at The Wall
Street Journal Online) ] BASED ON CONTINUED BAD NEWS ( ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... America’s
Effective Unemployment Rate at 18.7%? US
loses 467,000 jobs, unemployment at 9.5% 'We're in the Middle of a Crash': Black
Swan...
(7-2)Seven more banks fail, bringing 2009 tally to more than double
all of 2008 at a total thus far of 52; Private sector sheds another 473,000
jobs in June... US lurching towards ‘debt
explosion’ with long-term interest rates on course to double Jim Rogers Sells Dollars, Plans to Short Treasuries ‘Sucker’s Rally Beginning To Unwind’ daaaah…? Calls grow to supplant dollar as global currency China
officials call for displacing dollar, in time Tracking
Two Depressions, 1929 and now this Mortgage applications fall to 7-month low... Private sector sheds another 473,000 jobs in June... 'Layoffs may be worsening'... AIG shares drop after
1-for-20 reverse-stock split (AP) Manhattan
apartment prices skid 13 to 19 percent Job losses / job
concerns realistically weigh on confidence, real estate values/prices
continue downward trend as per Case / Shiller Index (-18.1%, -21% in
california) Consumer
confidence suffers steep fall... Home prices post 18% annual
drop... Worldwide Depression: Review of Global Markets . Four banks
fail, bringing 2009 tally to 19 more than all of 2008 at a total thus far of
44 Dollar Falls Most in Month as China Urges New Reserve
Currency Gerald Celente speaks on Cap and Trade and other handicaps
to the US economy HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH
CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT
ONE PROSECUTION IN THE MOST RECENT
MASSIVE SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE
PERPETRATORS AS WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW
REFLATING THE STOCK MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD
AND BULL S**T), CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE
BUBBLE FROM WHICH THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID SCRUTINY
OF THEIR NEW FRAUD IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM SELL THE
SIZZLE BUST /DEBACLE, RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED WORTHLESS
COLLATERALIZED SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED),
ETC., THE FRAUDS ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL
MANTRA … HOW PATHETIC! … THAT MONEY HAS TO COME FROM SOMEPLACE, IE.,
PRINTING, CREATING, YOUR POCKETS, … NOT OUT OF THIN AIR! ] TYPICAL END OF
QUARTER FRAUD/WINDOW DRESSING TO KEEP SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) ] BASED ON CONTINUED BAD NEWS ( ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , personal
income up modest .2% and spending down, China calls for new reserve currency
to supplant worthless dollar Dollar
And Stocks Drop As China Calls For New Global Currency , continuing unemployment claims at or near
record 627,000, weekly unemployment claims up 15,000, and GDP contraction
–5.5%, all worse than expected (lennar wider than expected quarterly loss
rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing
words/b.s. from fed which previously predicted no recession that economy
still contracting but that the contraction is somewhat slowing…what b**l
s**t!…, analysts- buffet/economy in shambles, Hogan/negative GDP growth and
inflation owing to debasement of the dollar as well as deficit
spending/pump-priming in the trillions, joker stein/economy a mess and
continued job losses, new home sales down .6%; U.S. Home Prices Drop 6.8 Percent
in April as Foreclosures Rise foreclosure sales up 2.4%, prices down
17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. regulators close
their 40th bank of the year
, Next
Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted
2.9% and big difference between not getting worse and getting better, market got ahead of itself, stalled out,
still depression/more job losses, higher oil-gas prices / higher interest
rates / heavy debt to pare down is 1-3 year drag on economy, even if believed
(I don’t) the labor dept. far better than expected job numbers by increased
debt (spending) to produce same is not economically sound or sustainable,
viz., record spending with record low revenues, rating cuts for bank sector,
analysts concur in significant 5-15% (reality says 15-25%)
pullback/correction for stocks , institutional selling, industrial production/construction down
1.1%, housing starts allegedly up but if believed will only increase the
plethora of unsold inventories, empire manufacturing index suffers
unexpectedly severe decline…daaaah!, credit dard defaults at record high,
analysts concur that fundamentals don’t support stock rally and that pac
money(defacto bribes) might derail any meaningful reform/regulation which is
of concern to the frauds on wall street who should be prosecuted, record loss
of wealth, higher gas prices, job losses, higher interest rates / yields,
higher commodity prices, higher deficits, hyperinflation, record continuing
unemployment claims at 6.8 million, worthless Weimar dollar crashing, money supply exploding with
hyperinflation/higher interest rates coming, budget deficit at new highs and
trade deficit worse than expected, analyst who called crash says inflationary
depression, banks passed stress tests only with the help of fraudulent change
in accounting rules, banks still insolvent, toxic assets even more toxic,
dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends
getting out of Dodge and u.s. assets
Jim Rogers: “The Worst is Not Over” 6/9/2009 Markets See a Breakdown
in Technical Support Levels Roubini: USA
sees double-dip recession... Jobless claims rise; GDP dips in 1Q Bernanke faces GOP-led (who are they
kidding-bushies/paulsen went so far as threaten martial law- prosecute now!
They continue to allow the wall street fraud and political theater doesn’t
change their complicity) heat on BofA-Merrill deal Fed Tried to Cover-up Its
Involvement in Bank of America-Merrill Deal U.S. Economy: Jobless Claims
Rise in Sign Labor Market Stagnant Dollar
drops on reserve currency doubts China sells
US bonds to ’show concern’ BRICs May Buy Each
Other’s Bonds in Shift From Dollar China’s holding of US bonds
drops first time in 11 months Russia to Raise Reserve Currency Issue at BRIC International
Demand for Worthless U.S. Assets Slowed in April IMF says worst not over Senator cashed out during
big stock collapse -- after meeting with Fed, Treasury chiefs! America's AAA
downgrade danger... Treasury faces pressure on price of TARP exit A depression so deep even
teen shoppers scrimp US cities may have to be bulldozed in order to survive 1st quarter
wiped out $1.3 trillion for Americans Get Ready for Inflation and
Higher Interest Rates Oil prices near $73 as
energy rally continues
Fed Would Be Shut Down If It Were
Audited Fed says
economy weak, but sees signs the slide increasing Mounting
deficits spark jitters about U.S. economy Wall Street falls as
realities dent recovery hopes
Bonds fall on
worries about government's debt load (AP) Oil prices strike new
high for 2009 (AP) The depression quietly deepens
CHINA AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes,
We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake
government job loss report near 40% better than private forecasts…I don’t
think so!…9.4% unemployment rate…try well over 10% and with stopped looking
included over 20% , Jim
Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now China explores
buying $50bn in IMF bonds US retailers
report May sales declines Tiny Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage
apps. down, service sector job losses/factory orders worse than expected, new
record continuing unemployment claims, bernanke spend more money you don’t
have but cut debilitating deficit…riiiiight…sounds like a plan with more job
losses to come, etc., Economic data disappoint, indicate slow
recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As the
Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD $63.8
TRILLION... The Big
Collapse Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy
to dip again next year... Case-Shillers
index shows new record decline in real estate prices, $80+ oil coming this year
Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh! Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro ,
new record for continuing unemployment claims, fed downgrades outlook
that previously provided b.s. for suckers’ rally, record low for new housing
starts, etc.) AND
BULL S**T ALONE (ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , world economy to shrink by worse than
previously predicted 2.9% and big difference between not getting worse and
getting better, leading indicators up far more
than expected … bull s**t …based in large part on inflated stock price
component … more bull s**t … new reform with same old frauds say increased capital
requirements and oversight of the overseers/rating agencies (riiiiight!…same
old,same old - already have but no will to enforce existing laws, etc.),
analyst who called crash says inflationary depression, banks passed stress
tests only with the help of fraudulent change in accounting rules, banks
still insolvent, toxic assets even more toxic, dollar falling and a lot lower
to go, $100 + oil by end of year, Obama/bernanke continuing failed policies
of bush greenspan, recommends getting out of Dodge and u.s. assets Insiders Exit Shares at the
Fastest Pace in Two Years BUFFET: ECONOMY
IN 'SHAMBLES'; NO SIGNS OF RECOVERY... The Next Bubble Is Here. Have
You Bought In? Here we go again! Barney Frank asks FANNIE and FREDDIE to
relax Mortgage lending rules... Fed Tried to Cover-up Its
Involvement in Bank of America-Merrill Deal Dollar
And Stocks Drop As China Calls For New Global Currency Citigroup Ordered to
Suspend Some Operations in Japan Bernanke
Grilling May Weaken Case for Fed as Risk Regulator Citi boosting salaries to offset lower bonuses,
allegedly to retain the clowns who helped make them taxpayer dependant and
cause the current debacle; how ‘bout firing them instead and offering
opportunity to the new, particularly non-ivy league vegetable garden grads [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. Home Prices Drop 6.8 Percent
in April as Foreclosures Rise [$$] Red Roof Inn Defaults on Mortgage Debt (at The
Wall Street Journal Online)
MySpace to cut two-thirds of global
workforce GM to cut 4,000 more white-collar jobs
by year end Oracle tops forecasts despite sales,
profit dip; stated another way, bad news will be shilled as good news (AP) California
Collapsing Bankster “Holiday” Planned for
September? Recession Sparking Global Unrest Is Your Portfolio Ready for the Next
Leg Down? S&P turns negative for year in
broad sell-off (Reuters) Goldman Sachs on pace for record bonuses: report
(Reuters) Numbers On Welfare See Sharp
Increase Top Insiders Playing You For A
Sucker? The death of the dollar. Who
could deny it? Stanford indicted in
massive U.S. fraud case which is small potatoes compared to ubiquitously
massive wall street securities fraud which caused the ongoing financial
debacle Venture
Capital Bubble Set to Burst, Kedrosky Says Obama Plans to Cut Bank
Regulators, Allow Fed to Supervise Financial Holding Companies – The old fox
guarding the henhouse tricks Federal Reserve unwisely to gain
power under plan Federal Reserve Foolishly
To Be Given
Sweeping New Powers Yen Strengthens Most in Month as Asian Stocks Drop, Gold Gains
RUSSIA
CHALLENGES WORTHLESS DOLLAR... AIG says
former top exec plundered retirement plan [video] The
Too-Big-to-Fail Problem [6.8 min] (at MarketWatch) [$$] Too Big to Solve?
(at The Wall Street Journal Online) Buy and Hold Is Dead.
Long Live Buy and Hold! Financial Bailout Plan Keeps
Zombie Banks Alive Bernanke then as now in denial
about looming crisis 2005-2007 Retail sales, drop in
jobless claims to a very high even if believed 601,000 yielding record
continuing claims of 6.8 million fuel hope…if you’re a dope Lawmakers
blast Fed, Treasury for BofA "threats" Oil climbs over $73 on
hopes for rising demand
U.S. Household Worth
Fell by $1.3 Trillion in First Quarter Predictions of $250
a barrel on oil ECB Fears Reality of
Banking Crisis in 2010: Report Get Ready for Inflation and
Higher Interest Rates Bill To Audit Federal Reserve Now
Has 209 Co-Sponsors Russia May Swap Some U.S. Treasuries for IMF Debt Fed report shows losses on Bear Stearns, AIG holdings Congress subpoenas the Fed ...
Finally! (AP) Brazil in recession, recovery unlikely this year What a “Jobless Recovery” Really Means: A Massive
Redistribution of Wealth from the Little Guy to the Big Boys Obama
Tells American Businesses to Drop Dead America’s Fed Addiction “87
Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are
Unsafe” Fed Said to Retreat
From Seeking Power to Sell Its Own Debt/Bills WIRE: Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory Loss Obama’s economic model versus
reality Reality
bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government reports better than private
estimates…riiiiight! President
of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now Benefit spending
soars to new high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC: OIL COULD REACH $90... ----- Existing home foreclosure
sales up, and no profit discount car sales better than expected Diluting
like crazy through new stock bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up,
prices down , ‘SELL IN MAY AND GO AWAY’, so SELL/SELL
INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH
WORSE TO COME!
(7-2-09) Dow 8,280.74 -223.32 -2.63%
To stamp out fraud, no change from suckers’ rally
worth reporting for second, third, fourth weeks of March and April
-436 for the first week of March -12% for the month
of February -8.8% (-775) for the
month of January -1%
for fourth week of January -2.5% for third week of
January -4% for second
week of January -5%
for first full week of January -34%
for the year -1% for the fourth
week of December No
change worth reporting for second and third weeks of December -2.3% for the
first week of December -5.8% for the month of
November. -15% for the month of
October Nasdaq 1,796.52 -49.20 -2.67%
To stamp out fraud, no change from suckers’ rally
worth reporting for second, third, fourth weeks of March and
April -84 for the first week of March
-7% for the month of February -6.4% (-101) for
the month of January -1%
for fourth week of January -3.3%
for third week of January -3%
for second week of January -4%
for first full week of January -41%
for the year -2% for the fourth
week of December No
change worth reporting for second and third weeks of December -5.7% for the
first week of December -11% for the month of
November. -17% for October S&P 500 896.42 -26.91 -2.91%
To stamp out fraud, no change from suckers’ rally
worth reporting for second, third, fourth weeks of March and
April -52 for the first week of March
-11% for the month of February -8.6%
(-75) for the month of January -1%
for fourth week of January -2.3%
for third week of January - 5% for second week of
January -4%
for first full week of January -39%
for the year -2% for the fourth
week of December No
change worth reporting for second and third weeks of December -2.7% for the
first week of December -7.5% for the month of
November. -18% for October
[CLOSE- OIL $66.73 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$2.90 (reg. gas in LAND OF FRUITS AND NUTS
$3.00 REG./ $3.25 MID-GRADE/ $3.35 PREM./ $2.86 DIESEL)/ GOLD $931 [video]
Gold Surges Stocks/Gold Comparison
(+5.58% for year 2008) / SILVER $13.41 PLATINUM $1,195 / DOLLAR= .70 EURO, 95
YEN, .60 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD
3.51% …..… AP Business
Highlights … ...Yahoo Market
Update... ] YAHOO - BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Must Read
Economic/Financial Data ABSOLUTELY, ABSURDLY, RIDICULOUS! MODEST LOSSES RELATIVE TO
REALITY SO SELL / TAKE ANY PROFITS IN THIS SECULAR BEAR MARKET SUCKERS’ RALLY
PROGRAMMED TO KEEP SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) [$$] Big
Pay Packages Return to Wall Street as new fraud gains steam (at The Wall
Street Journal Online) ] BASED ON CONTINUED BAD NEWS ( ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... America’s
Effective Unemployment Rate at 18.7%? US
loses 467,000 jobs, unemployment at 9.5% 'We're in the Middle of a Crash': Black
Swan...
(7-2)Seven more banks fail, bringing 2009 tally to more than double
all of 2008 at a total thus far of 52; Private sector sheds another 473,000
jobs in June... Mortgage applications fall to 7-month low... Private sector sheds another 473,000 jobs in June... 'Layoffs may be worsening'... AIG shares drop after
1-for-20 reverse-stock split (AP) Manhattan
apartment prices skid 13 to 19 percent Job losses / job
concerns realistically weigh on confidence, real estate values/prices
continue downward trend as per Case / Shiller Index (-18.1%, -21% in
california) Consumer
confidence suffers steep fall... Home prices post 18% annual
drop... Worldwide Depression: Review of Global Markets . Four banks
fail, bringing 2009 tally to 19 more than all of 2008 at a total thus far of
44 Dollar Falls Most in Month as China Urges New Reserve
Currency Gerald Celente speaks on Cap and Trade and other handicaps
to the US economy HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH
CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT
ONE PROSECUTION IN THE MOST RECENT
MASSIVE SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE
PERPETRATORS AS WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW
REFLATING THE STOCK MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD
AND BULL S**T), CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE
BUBBLE FROM WHICH THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID
SCRUTINY OF THEIR NEW FRAUD IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM
SELL THE SIZZLE BUST /DEBACLE, RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED
WORTHLESS COLLATERALIZED SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT ADDRESSED),
ETC., THE FRAUDS ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG TO FAIL
MANTRA … HOW PATHETIC! … THAT MONEY HAS TO COME FROM SOMEPLACE, IE.,
PRINTING, CREATING, YOUR POCKETS, … NOT OUT OF THIN AIR! ] TYPICAL END OF
QUARTER FRAUD/WINDOW DRESSING TO KEEP SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) ] BASED ON CONTINUED BAD NEWS ( ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , personal
income up modest .2% and spending down, China calls for new reserve currency
to supplant worthless dollar Dollar
And Stocks Drop As China Calls For New Global Currency , continuing unemployment claims at or near
record 627,000, weekly unemployment claims up 15,000, and GDP contraction
–5.5%, all worse than expected (lennar wider than expected quarterly loss
rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing
words/b.s. from fed which previously predicted no recession that economy
still contracting but that the contraction is somewhat slowing…what b**l
s**t!…, analysts- buffet/economy in shambles, Hogan/negative GDP growth and
inflation owing to debasement of the dollar as well as deficit
spending/pump-priming in the trillions, joker stein/economy a mess and
continued job losses, new home sales down .6%; U.S. Home Prices Drop 6.8 Percent
in April as Foreclosures Rise foreclosure sales up 2.4%, prices down
17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. regulators close
their 40th bank of the year
, Next
Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted
2.9% and big difference between not getting worse and getting better, market got ahead of itself, stalled out,
still depression/more job losses, higher oil-gas prices / higher interest
rates / heavy debt to pare down is 1-3 year drag on economy, even if believed
(I don’t) the labor dept. far better than expected job numbers by increased
debt (spending) to produce same is not economically sound or sustainable,
viz., record spending with record low revenues, rating cuts for bank sector,
analysts concur in significant 5-15% (reality says 15-25%) pullback/correction
for stocks , institutional selling,
industrial production/construction down 1.1%, housing starts allegedly
up but if believed will only increase the plethora of unsold inventories,
empire manufacturing index suffers unexpectedly severe decline…daaaah!, credit
dard defaults at record high, analysts concur that fundamentals don’t support
stock rally and that pac money(defacto bribes) might derail any meaningful
reform/regulation which is of concern to the frauds on wall street who should
be prosecuted, record loss of wealth, higher gas prices, job losses, higher
interest rates / yields, higher commodity prices, higher deficits,
hyperinflation, record continuing unemployment claims at 6.8 million,
worthless Weimar dollar crashing,
money supply exploding with hyperinflation/higher interest rates
coming, budget deficit at new highs and trade deficit worse than expected,
analyst who called crash says inflationary depression, banks passed stress
tests only with the help of fraudulent change in accounting rules, banks
still insolvent, toxic assets even more toxic, dollar falling and a lot lower
to go, $100 + oil by end of year, Obama/bernanke continuing failed policies
of bush greenspan, recommends getting out of Dodge and u.s. assets Jim Rogers: “The Worst is Not Over” 6/9/2009 Markets See a Breakdown
in Technical Support Levels Roubini: USA
sees double-dip recession... Jobless claims rise; GDP dips in 1Q Bernanke faces GOP-led (who are they kidding-bushies/paulsen
went so far as threaten martial law- prosecute now! They continue to allow
the wall street fraud and political theater doesn’t change their complicity)
heat on BofA-Merrill deal Fed Tried to Cover-up Its
Involvement in Bank of America-Merrill Deal U.S. Economy: Jobless Claims
Rise in Sign Labor Market Stagnant Dollar
drops on reserve currency doubts China sells
US bonds to ’show concern’ BRICs May Buy Each
Other’s Bonds in Shift From Dollar China’s holding of US bonds
drops first time in 11 months Russia to Raise Reserve Currency Issue at BRIC International
Demand for Worthless U.S. Assets Slowed in April IMF says worst not over Senator cashed out during
big stock collapse -- after meeting with Fed, Treasury chiefs! America's AAA
downgrade danger... Treasury faces pressure on price of TARP exit A depression so deep even
teen shoppers scrimp US cities may have to be bulldozed in order to survive 1st quarter
wiped out $1.3 trillion for Americans Get Ready for Inflation and
Higher Interest Rates Oil prices near $73 as
energy rally continues
Fed Would Be Shut Down If It Were
Audited Fed says
economy weak, but sees signs the slide increasing Mounting
deficits spark jitters about U.S. economy Wall Street falls as
realities dent recovery hopes
Bonds fall on
worries about government's debt load (AP) Oil prices strike new
high for 2009 (AP) The depression quietly deepens
CHINA AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes,
We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake
government job loss report near 40% better than private forecasts…I don’t
think so!…9.4% unemployment rate…try well over 10% and with stopped looking
included over 20% , Jim
Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S. unemployment
hits record but job losses slow if you foolishly believe fake government
reports near 40% better than private estimates - I don’t think so! …now China explores
buying $50bn in IMF bonds US retailers
report May sales declines Tiny Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage
apps. down, service sector job losses/factory orders worse than expected, new
record continuing unemployment claims, bernanke spend more money you don’t
have but cut debilitating deficit…riiiiight…sounds like a plan with more job
losses to come, etc., Economic data disappoint, indicate slow
recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As the
Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD $63.8
TRILLION... The Big
Collapse Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy
to dip again next year... Case-Shillers
index shows new record decline in real estate prices, $80+ oil coming this year
Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh! Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro ,
new record for continuing unemployment claims, fed downgrades outlook
that previously provided b.s. for suckers’ rally, record low for new housing
starts, etc.) AND
BULL S**T ALONE (ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , world economy to shrink by worse than
previously predicted 2.9% and big difference between not getting worse and
getting better, leading indicators up far more
than expected … bull s**t …based in large part on inflated stock price
component … more bull s**t … new reform with same old frauds say increased capital requirements
and oversight of the overseers/rating agencies (riiiiight!…same old,same old
- already have but no will to enforce existing laws, etc.), analyst who
called crash says inflationary depression, banks passed stress tests only
with the help of fraudulent change in accounting rules, banks still
insolvent, toxic assets even more toxic, dollar falling and a lot lower to
go, $100 + oil by end of year, Obama/bernanke continuing failed policies of
bush greenspan, recommends getting out of Dodge and u.s. assets Insiders Exit Shares at the
Fastest Pace in Two Years BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... The Next Bubble Is Here. Have
You Bought In? Here we go again! Barney Frank asks FANNIE and FREDDIE to
relax Mortgage lending rules... Fed Tried to Cover-up Its
Involvement in Bank of America-Merrill Deal Dollar
And Stocks Drop As China Calls For New Global Currency Citigroup Ordered to
Suspend Some Operations in Japan Bernanke
Grilling May Weaken Case for Fed as Risk Regulator Citi boosting salaries to offset lower bonuses,
allegedly to retain the clowns who helped make them taxpayer dependant and
cause the current debacle; how ‘bout firing them instead and offering
opportunity to the new, particularly non-ivy league vegetable garden grads [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. Home Prices Drop 6.8 Percent
in April as Foreclosures Rise [$$] Red Roof Inn Defaults on Mortgage Debt (at The
Wall Street Journal Online)
MySpace to cut two-thirds of global
workforce GM to cut 4,000 more white-collar jobs
by year end Oracle tops forecasts despite sales,
profit dip; stated another way, bad news will be shilled as good news (AP) California
Collapsing Bankster “Holiday” Planned for
September? Recession Sparking Global Unrest Is Your Portfolio Ready for the Next
Leg Down? S&P turns negative for year in
broad sell-off (Reuters) Goldman Sachs on pace for record bonuses: report
(Reuters) Numbers On Welfare See Sharp
Increase Top Insiders Playing You For A
Sucker? The death of the dollar. Who
could deny it? Stanford indicted in
massive U.S. fraud case which is small potatoes compared to ubiquitously
massive wall street securities fraud which caused the ongoing financial
debacle Venture
Capital Bubble Set to Burst, Kedrosky Says Obama Plans to Cut Bank
Regulators, Allow Fed to Supervise Financial Holding Companies – The old fox
guarding the henhouse tricks Federal Reserve unwisely to gain
power under plan Federal Reserve Foolishly
To Be Given
Sweeping New Powers Yen Strengthens Most in Month as Asian Stocks Drop, Gold
Gains RUSSIA
CHALLENGES WORTHLESS DOLLAR... AIG says
former top exec plundered retirement plan [video] The
Too-Big-to-Fail Problem [6.8 min] (at MarketWatch) [$$] Too Big to Solve?
(at The Wall Street Journal Online) Buy and Hold Is Dead.
Long Live Buy and Hold! Financial Bailout Plan Keeps
Zombie Banks Alive Bernanke then as now in denial
about looming crisis 2005-2007 Retail sales, drop in
jobless claims to a very high even if believed 601,000 yielding record
continuing claims of 6.8 million fuel hope…if you’re a dope Lawmakers
blast Fed, Treasury for BofA "threats" Oil climbs over $73 on hopes
for rising demand U.S. Household Worth
Fell by $1.3 Trillion in First Quarter Predictions of $250
a barrel on oil ECB Fears Reality of
Banking Crisis in 2010: Report Get Ready for Inflation and
Higher Interest Rates Bill To Audit Federal Reserve Now
Has 209 Co-Sponsors Russia May Swap Some U.S. Treasuries for IMF Debt Fed report shows losses on Bear Stearns, AIG holdings Congress subpoenas the Fed ...
Finally! (AP) Brazil in recession, recovery unlikely this year What a “Jobless Recovery” Really Means: A Massive
Redistribution of Wealth from the Little Guy to the Big Boys Obama
Tells American Businesses to Drop Dead America’s Fed Addiction “87
Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are
Unsafe” Fed Said to Retreat
From Seeking Power to Sell Its Own Debt/Bills WIRE: Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory Loss Obama’s economic model versus
reality Reality
bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government reports better than private estimates…riiiiight! President
of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now Benefit spending
soars to new high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC: OIL COULD REACH $90... ----- Existing home foreclosure
sales up, and no profit discount car sales better than expected Diluting
like crazy through new stock bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up,
prices down , ‘SELL IN MAY AND GO AWAY’, so SELL/SELL
INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH
WORSE TO COME!
(7-1-09) Dow 8,504.06 +57.06 +0.68%
To stamp out fraud, no change from suckers’ rally
worth reporting for second, third, fourth weeks of March and April
-436 for the first week of March -12% for the month
of February -8.8% (-775) for the
month of January -1%
for fourth week of January -2.5% for third week of
January -4% for second
week of January -5%
for first full week of January -34%
for the year -1% for the fourth
week of December No
change worth reporting for second and third weeks of December -2.3% for the
first week of December -5.8% for the month of
November. -15% for the month of
October Nasdaq 1,845.72 +10.68 +0.58%
To stamp out fraud, no change from suckers’ rally
worth reporting for second, third, fourth weeks of March and
April -84 for the first week of March
-7% for the month of February -6.4% (-101) for
the month of January -1%
for fourth week of January -3.3%
for third week of January -3%
for second week of January -4%
for first full week of January -41%
for the year -2% for the fourth
week of December No
change worth reporting for second and third weeks of December -5.7% for the
first week of December -11% for the month of
November. -17% for October S&P 500 923.33 +4.01 +0.00%
To stamp out fraud, no change from suckers’ rally
worth reporting for second, third, fourth weeks of March and
April -52 for the first week of March
-11% for the month of February -8.6%
(-75) for the month of January -1%
for fourth week of January -2.3%
for third week of January - 5% for second week of
January -4%
for first full week of January -39%
for the year -2% for the fourth
week of December No
change worth reporting for second and third weeks of December -2.7% for the
first week of December -7.5% for the month of
November. -18% for October
[CLOSE- OIL $69.18 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$2.90 (reg. gas in LAND OF FRUITS AND NUTS
$3.01 REG./ $3.25 MID-GRADE/ $3.35 PREM./ $2.86 DIESEL)/ GOLD $941.35 [video]
Gold Surges Stocks/Gold Comparison
(+5.58% for year 2008) / SILVER $13.74 PLATINUM $1,205 / DOLLAR= .70 EURO, 95
YEN, .60 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD
3.55% …..… AP Business
Highlights … ...Yahoo Market
Update... ] YAHOO - BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Must Read
Economic/Financial Data ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE ANY PROFITS IN
THIS SECULAR BEAR MARKET SUCKERS’ RALLY PROGRAMMED TO KEEP SUCKERS SUCKERED [
Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) [$$] Big
Pay Packages Return to Wall Street as new fraud gains steam (at The Wall
Street Journal Online) ] BASED ON CONTINUED BAD NEWS ( ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... Mortgage applications fall to 7-month low... Private sector sheds another 473,000 jobs in June... 'Layoffs may be worsening'... AIG shares drop after
1-for-20 reverse-stock split (AP) Manhattan
apartment prices skid 13 to 19 percent Job losses / job
concerns realistically weigh on confidence, real estate values/prices
continue downward trend as per Case / Shiller Index (-18.1%, -21% in
california) Consumer
confidence suffers steep fall... Home prices post 18% annual
drop... Worldwide Depression: Review of Global Markets . Four banks
fail, bringing 2009 tally to 19 more than all of 2008 at a total thus far of
44 Dollar Falls Most in Month as China Urges New Reserve
Currency Gerald Celente speaks on Cap and Trade and other handicaps
to the US economy HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH
CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT
ONE PROSECUTION IN THE MOST RECENT
MASSIVE SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE
PERPETRATORS AS WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW
REFLATING THE STOCK MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD
AND BULL S**T), CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE
BUBBLE FROM WHICH THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID
SCRUTINY OF THEIR NEW FRAUD IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM
SELL THE SIZZLE BUST /DEBACLE, RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED
WORTHLESS COLLATERALIZED SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT
ADDRESSED), ETC., THE FRAUDS ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG
TO FAIL MANTRA … HOW PATHETIC! … THAT MONEY HAS TO COME FROM SOMEPLACE, IE.,
PRINTING, CREATING, YOUR POCKETS, … NOT OUT OF THIN AIR! ] TYPICAL END OF
QUARTER FRAUD/WINDOW DRESSING TO KEEP SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) ] BASED ON CONTINUED BAD NEWS ( ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , personal
income up modest .2% and spending down, China calls for new reserve currency
to supplant worthless dollar Dollar
And Stocks Drop As China Calls For New Global Currency , continuing unemployment claims at or near
record 627,000, weekly unemployment claims up 15,000, and GDP contraction
–5.5%, all worse than expected (lennar wider than expected quarterly loss
rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing
words/b.s. from fed which previously predicted no recession that economy
still contracting but that the contraction is somewhat slowing…what b**l
s**t!…, analysts- buffet/economy in shambles, Hogan/negative GDP growth and
inflation owing to debasement of the dollar as well as deficit
spending/pump-priming in the trillions, joker stein/economy a mess and
continued job losses, new home sales down .6%; U.S. Home Prices Drop 6.8 Percent
in April as Foreclosures Rise foreclosure sales up 2.4%, prices down
17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. regulators close
their 40th bank of the year
, Next
Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted
2.9% and big difference between not getting worse and getting better, market got ahead of itself, stalled out,
still depression/more job losses, higher oil-gas prices / higher interest
rates / heavy debt to pare down is 1-3 year drag on economy, even if believed
(I don’t) the labor dept. far better than expected job numbers by increased
debt (spending) to produce same is not economically sound or sustainable,
viz., record spending with record low revenues, rating cuts for bank sector,
analysts concur in significant 5-15% (reality says 15-25%)
pullback/correction for stocks , institutional selling, industrial production/construction down
1.1%, housing starts allegedly up but if believed will only increase the
plethora of unsold inventories, empire manufacturing index suffers
unexpectedly severe decline…daaaah!, credit dard defaults at record high,
analysts concur that fundamentals don’t support stock rally and that pac
money(defacto bribes) might derail any meaningful reform/regulation which is
of concern to the frauds on wall street who should be prosecuted, record loss
of wealth, higher gas prices, job losses, higher interest rates / yields,
higher commodity prices, higher deficits, hyperinflation, record continuing
unemployment claims at 6.8 million, worthless Weimar dollar crashing, money supply exploding with
hyperinflation/higher interest rates coming, budget deficit at new highs and
trade deficit worse than expected, analyst who called crash says inflationary
depression, banks passed stress tests only with the help of fraudulent change
in accounting rules, banks still insolvent, toxic assets even more toxic,
dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends
getting out of Dodge and u.s. assets
Jim Rogers: “The Worst is Not Over” 6/9/2009 Markets See a Breakdown
in Technical Support Levels Roubini: USA
sees double-dip recession... Jobless claims rise; GDP dips in 1Q Bernanke faces GOP-led (who are they
kidding-bushies/paulsen went so far as threaten martial law- prosecute now!
They continue to allow the wall street fraud and political theater doesn’t
change their complicity) heat on BofA-Merrill deal Fed Tried to Cover-up Its Involvement
in Bank of America-Merrill Deal U.S. Economy: Jobless Claims
Rise in Sign Labor Market Stagnant Dollar
drops on reserve currency doubts China sells
US bonds to ’show concern’ BRICs May Buy Each
Other’s Bonds in Shift From Dollar China’s holding of US bonds
drops first time in 11 months Russia to Raise Reserve Currency Issue at BRIC International
Demand for Worthless U.S. Assets Slowed in April IMF says worst not over Senator cashed out during
big stock collapse -- after meeting with Fed, Treasury chiefs! America's AAA
downgrade danger... Treasury faces pressure on price of TARP exit A depression so deep even
teen shoppers scrimp US cities may have to be bulldozed in order to survive 1st quarter wiped
out $1.3 trillion for Americans Get Ready for Inflation and
Higher Interest Rates Oil prices near $73 as
energy rally continues
Fed Would Be Shut Down If It Were
Audited Fed says
economy weak, but sees signs the slide increasing Mounting
deficits spark jitters about U.S. economy Wall Street falls as
realities dent recovery hopes
Bonds fall on
worries about government's debt load (AP) Oil prices strike new
high for 2009 (AP) The depression quietly deepens
CHINA AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes,
We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake
government job loss report near 40% better than private forecasts…I don’t
think so!…9.4% unemployment rate…try well over 10% and with stopped looking
included over 20% , Jim
Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now China explores
buying $50bn in IMF bonds US retailers
report May sales declines Tiny Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage
apps. down, service sector job losses/factory orders worse than expected, new
record continuing unemployment claims, bernanke spend more money you don’t
have but cut debilitating deficit…riiiiight…sounds like a plan with more job
losses to come, etc., Economic data disappoint, indicate slow
recovery Worse-than-expected economic data thwarts rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As the
Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD $63.8
TRILLION... The Big
Collapse Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy
to dip again next year... Case-Shillers
index shows new record decline in real estate prices, $80+ oil coming this year
Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh! Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro ,
new record for continuing unemployment claims, fed downgrades outlook
that previously provided b.s. for suckers’ rally, record low for new housing
starts, etc.) AND
BULL S**T ALONE (ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , world economy to shrink by worse than
previously predicted 2.9% and big difference between not getting worse and
getting better, leading indicators up far more
than expected … bull s**t …based in large part on inflated stock price
component … more bull s**t … new reform with same old frauds say increased capital
requirements and oversight of the overseers/rating agencies (riiiiight!…same
old,same old - already have but no will to enforce existing laws, etc.),
analyst who called crash says inflationary depression, banks passed stress
tests only with the help of fraudulent change in accounting rules, banks
still insolvent, toxic assets even more toxic, dollar falling and a lot lower
to go, $100 + oil by end of year, Obama/bernanke continuing failed policies
of bush greenspan, recommends getting out of Dodge and u.s. assets Insiders Exit Shares at the
Fastest Pace in Two Years BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... The Next Bubble Is Here. Have
You Bought In? Here we go again! Barney Frank asks FANNIE and FREDDIE to
relax Mortgage lending rules... Fed Tried to Cover-up Its
Involvement in Bank of America-Merrill Deal Dollar
And Stocks Drop As China Calls For New Global Currency Citigroup Ordered to
Suspend Some Operations in Japan Bernanke
Grilling May Weaken Case for Fed as Risk Regulator Citi boosting salaries to offset lower bonuses,
allegedly to retain the clowns who helped make them taxpayer dependant and
cause the current debacle; how ‘bout firing them instead and offering
opportunity to the new, particularly non-ivy league vegetable garden grads [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. Home Prices Drop 6.8 Percent
in April as Foreclosures Rise [$$] Red Roof Inn Defaults on Mortgage Debt (at The
Wall Street Journal Online)
MySpace to cut two-thirds of global
workforce GM to cut 4,000 more white-collar jobs
by year end Oracle tops forecasts despite sales,
profit dip; stated another way, bad news will be shilled as good news (AP) California
Collapsing Bankster “Holiday” Planned for
September? Recession Sparking Global Unrest Is Your Portfolio Ready for the Next
Leg Down? S&P turns negative for year in
broad sell-off (Reuters) Goldman Sachs on pace for record bonuses: report
(Reuters) Numbers On Welfare See Sharp
Increase Top Insiders Playing You For A
Sucker? The death of the dollar. Who
could deny it? Stanford indicted in
massive U.S. fraud case which is small potatoes compared to ubiquitously
massive wall street securities fraud which caused the ongoing financial
debacle Venture
Capital Bubble Set to Burst, Kedrosky Says Obama Plans to Cut Bank
Regulators, Allow Fed to Supervise Financial Holding Companies – The old fox
guarding the henhouse tricks Federal Reserve unwisely to gain
power under plan Federal Reserve Foolishly
To Be Given
Sweeping New Powers Yen Strengthens Most in Month as Asian Stocks Drop, Gold
Gains RUSSIA
CHALLENGES WORTHLESS DOLLAR... AIG says
former top exec plundered retirement plan [video] The
Too-Big-to-Fail Problem [6.8 min] (at MarketWatch) [$$] Too Big to Solve?
(at The Wall Street Journal Online) Buy and Hold Is Dead.
Long Live Buy and Hold! Financial Bailout Plan Keeps
Zombie Banks Alive Bernanke then as now in denial
about looming crisis 2005-2007 Retail sales, drop in
jobless claims to a very high even if believed 601,000 yielding record
continuing claims of 6.8 million fuel hope…if you’re a dope Lawmakers
blast Fed, Treasury for BofA "threats" Oil climbs over $73 on
hopes for rising demand
U.S. Household Worth
Fell by $1.3 Trillion in First Quarter Predictions of $250
a barrel on oil ECB Fears Reality of
Banking Crisis in 2010: Report Get Ready for Inflation and
Higher Interest Rates Bill To Audit Federal Reserve Now
Has 209 Co-Sponsors Russia May Swap Some U.S. Treasuries for IMF Debt Fed report shows losses on Bear Stearns, AIG holdings Congress subpoenas the Fed ... Finally!
(AP) Brazil in recession, recovery unlikely this year What a “Jobless Recovery” Really Means: A Massive
Redistribution of Wealth from the Little Guy to the Big Boys Obama
Tells American Businesses to Drop Dead America’s Fed Addiction “87
Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are
Unsafe” Fed Said to Retreat
From Seeking Power to Sell Its Own Debt/Bills WIRE: Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory Loss Obama’s economic model versus
reality Reality
bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government reports better than private
estimates…riiiiight! President
of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now Benefit spending
soars to new high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC: OIL COULD REACH $90... ----- Existing home foreclosure
sales up, and no profit discount car sales better than expected Diluting
like crazy through new stock bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up,
prices down , ‘SELL IN MAY AND GO AWAY’, so SELL/SELL
INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH
WORSE TO COME!
(6-30-09) Dow
8,447.00 -82.38 -0.97%
To stamp out fraud, no change from suckers’ rally
worth reporting for second, third, fourth weeks of March and April
-436 for the first week of March -12% for the month
of February -8.8% (-775) for the
month of January -1%
for fourth week of January -2.5% for third week of
January -4% for second
week of January -5%
for first full week of January -34%
for the year -1% for the fourth
week of December No
change worth reporting for second and third weeks of December -2.3% for the
first week of December -5.8% for the month of
November. -15% for the month of
October Nasdaq 1,835.04 -9.02 -0.49%
To stamp out fraud, no change from suckers’ rally
worth reporting for second, third, fourth weeks of March and
April -84 for the first week of March
-7% for the month of February -6.4% (-101) for
the month of January -1%
for fourth week of January -3.3%
for third week of January -3%
for second week of January -4%
for first full week of January -41%
for the year -2% for the fourth
week of December No
change worth reporting for second and third weeks of December -5.7% for the
first week of December -11% for the month of
November. -17% for October S&P 500 919.32 -7.91 -0.85%
To stamp out fraud, no change from suckers’ rally
worth reporting for second, third, fourth weeks of March and
April -52 for the first week of March
-11% for the month of February -8.6%
(-75) for the month of January -1%
for fourth week of January -2.3%
for third week of January - 5% for second week of
January -4%
for first full week of January -39%
for the year -2% for the fourth
week of December No
change worth reporting for second and third weeks of December -2.7% for the
first week of December -7.5% for the month of
November. -18% for October
[CLOSE- OIL $69.89 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$2.90 (reg. gas in LAND OF FRUITS AND NUTS
$3.01 REG./ $3.25 MID-GRADE/ $3.35 PREM./ $2.86 DIESEL)/ GOLD $927.40 [video]
Gold Surges Stocks/Gold Comparison
(+5.58% for year 2008) / SILVER $13.60 PLATINUM $1,185 / DOLLAR= .70 EURO, 95
YEN, .60 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD
3.53% …..… AP Business
Highlights … ...Yahoo Market
Update... ] YAHOO - BRIEFING.COM Weekly Recap Trendsresearch.com
forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Must Read
Economic/Financial Data ABSOLUTELY, ABSURDLY, RIDICULOUS! SECULAR BEAR MARKET SUCKERS’
RALLY TO END WELL OFF SESSION LOWS
TYPICAL END OF QUARTER FRAUD/WINDOW DRESSING TO KEEP SUCKERS SUCKERED Job losses / job
concerns realistically weigh on confidence, real estate values/prices
continue downward trend as per Case / Shiller Index (-18.1%, -21% in
california) Consumer
confidence suffers steep fall... Home prices post 18% annual
drop... Worldwide Depression: Review of Global Markets . Four banks
fail, bringing 2009 tally to 19 more than all of 2008 at a total thus far of
44 Dollar Falls Most in Month as China Urges New Reserve
Currency Gerald Celente speaks on Cap and Trade and other handicaps
to the US economy HOW MANY TIMES CAN THE WALL STREET FRAUDS, WITH
CYCLICAL REGULARITY, DO THE SAME OR SIMILAR FRAUD WITH IMPUNITY (STILL NOT
ONE PROSECUTION IN THE MOST RECENT
MASSIVE SECURITIES FRAUD, BUT PLENTY OF OBFUSCATION EMANATING FROM THE
PERPETRATORS AS WELL AS THOSE WHO SHOULD BE PROSECUTING /PURSUING THEM) NOW
REFLATING THE STOCK MARKET BUBBLE BASED UPON NOTHING AT ALL (BAD NEWS,FRAUD
AND BULL S**T), CHANGING ACCOUNTING RULES TO FACILITATE THE COMMISSIONABLE
BUBBLE FROM WHICH THE SOURCE OF FUNDS TO EVEN PAY BACK LOANS TO AVOID
SCRUTINY OF THEIR NEW FRAUD IS GENERATED [SAVINGS AND LOAN DEBACLE, DOT.COM
SELL THE SIZZLE BUST /DEBACLE, RECYCLED /REPACKAGED /RESOLD /RECOMMISSIONED
WORTHLESS COLLATERALIZED SECURITIES /PAPER (IN THE TRILLIONS YET STILL NOT
ADDRESSED), ETC., THE FRAUDS ARE GETTING LARGER, HENCE THE RIDICULOUS TOO BIG
TO FAIL MANTRA … HOW PATHETIC! … THAT MONEY HAS TO COME FROM SOMEPLACE, IE.,
PRINTING, CREATING, YOUR POCKETS, … NOT OUT OF THIN AIR! ] TYPICAL END OF
QUARTER FRAUD/WINDOW DRESSING TO KEEP SUCKERS SUCKERED [ Insiders Exit Shares at the
Fastest Pace in Two Years ] AND COMMISSION DOLLARS FLOWING [ Goldman Sachs on pace for record bonuses: report
(Reuters) ] BASED ON CONTINUED BAD NEWS ( ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , personal
income up modest .2% and spending down, China calls for new reserve currency
to supplant worthless dollar Dollar
And Stocks Drop As China Calls For New Global Currency , continuing unemployment claims at or near
record 627,000, weekly unemployment claims up 15,000, and GDP contraction
–5.5%, all worse than expected (lennar wider than expected quarterly loss
rallies stock…riiiiight!) Jobless claims rise; GDP dips in 1Q ; soothing
words/b.s. from fed which previously predicted no recession that economy
still contracting but that the contraction is somewhat slowing…what b**l
s**t!…, analysts- buffet/economy in shambles, Hogan/negative GDP growth and
inflation owing to debasement of the dollar as well as deficit
spending/pump-priming in the trillions, joker stein/economy a mess and
continued job losses, new home sales down .6%; U.S. Home Prices Drop 6.8 Percent
in April as Foreclosures Rise foreclosure sales up 2.4%, prices down
17% year over year, [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. regulators close
their 40th bank of the year
, Next
Major Move In Stock Market Will Be Down world economy to shrink by worse than previously predicted
2.9% and big difference between not getting worse and getting better, market got ahead of itself, stalled out,
still depression/more job losses, higher oil-gas prices / higher interest
rates / heavy debt to pare down is 1-3 year drag on economy, even if believed
(I don’t) the labor dept. far better than expected job numbers by increased
debt (spending) to produce same is not economically sound or sustainable,
viz., record spending with record low revenues, rating cuts for bank sector,
analysts concur in significant 5-15% (reality says 15-25%)
pullback/correction for stocks , institutional selling, industrial production/construction down
1.1%, housing starts allegedly up but if believed will only increase the
plethora of unsold inventories, empire manufacturing index suffers unexpectedly
severe decline…daaaah!, credit dard defaults at record high, analysts concur
that fundamentals don’t support stock rally and that pac money(defacto
bribes) might derail any meaningful reform/regulation which is of concern to
the frauds on wall street who should be prosecuted, record loss of wealth,
higher gas prices, job losses, higher interest rates / yields, higher
commodity prices, higher deficits, hyperinflation, record continuing
unemployment claims at 6.8 million, worthless Weimar dollar crashing, money supply exploding with
hyperinflation/higher interest rates coming, budget deficit at new highs and
trade deficit worse than expected, analyst who called crash says inflationary
depression, banks passed stress tests only with the help of fraudulent change
in accounting rules, banks still insolvent, toxic assets even more toxic,
dollar falling and a lot lower to go, $100 + oil by end of year,
Obama/bernanke continuing failed policies of bush greenspan, recommends
getting out of Dodge and u.s. assets
Jim Rogers: “The Worst is Not Over” 6/9/2009 Markets See a Breakdown
in Technical Support Levels Roubini: USA
sees double-dip recession... Jobless claims rise; GDP dips in 1Q Bernanke faces GOP-led (who are they
kidding-bushies/paulsen went so far as threaten martial law- prosecute now!
They continue to allow the wall street fraud and political theater doesn’t
change their complicity) heat on BofA-Merrill deal Fed Tried to Cover-up Its
Involvement in Bank of America-Merrill Deal U.S. Economy: Jobless Claims
Rise in Sign Labor Market Stagnant Dollar
drops on reserve currency doubts China sells
US bonds to ’show concern’ BRICs May Buy Each
Other’s Bonds in Shift From Dollar China’s holding of US bonds
drops first time in 11 months Russia to Raise Reserve Currency Issue at BRIC International
Demand for Worthless U.S. Assets Slowed in April IMF says worst not over Senator cashed out during
big stock collapse -- after meeting with Fed, Treasury chiefs! America's AAA
downgrade danger... Treasury faces pressure on price of TARP exit A depression so deep even
teen shoppers scrimp US cities may have to be bulldozed in order to survive 1st quarter
wiped out $1.3 trillion for Americans Get Ready for Inflation and
Higher Interest Rates Oil prices near $73 as
energy rally continues
Fed Would Be Shut Down If It Were
Audited Fed says
economy weak, but sees signs the slide increasing Mounting
deficits spark jitters about U.S. economy Wall Street falls as
realities dent recovery hopes
Bonds fall on
worries about government's debt load (AP) Oil prices strike new
high for 2009 (AP) The depression quietly deepens
CHINA AIRS FEARS ON DOLLAR, DEBT... Oil hits 7-month high over $70... Yes,
We’re STILL In a Depression China Bank Wants U.S. Bonds Issued in Yuan Fake
government job loss report near 40% better than private forecasts…I don’t
think so!…9.4% unemployment rate…try well over 10% and with stopped looking
included over 20% , Jim
Rogers CNBC - Jun 4th, 2009 - Currency Crisis Ahead U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now China explores
buying $50bn in IMF bonds US retailers
report May sales declines Tiny Tim says dollar assets safe... Laughter from audience... Why The Chinese Laughed At Geithner ----- mortgage
apps. down, service sector job losses/factory orders worse than expected, new
record continuing unemployment claims, bernanke spend more money you don’t
have but cut debilitating deficit…riiiiight…sounds like a plan with more job
losses to come, etc., Economic data disappoint, indicate slow
recovery Worse-than-expected economic data thwarts
rally Jobless rates in U.S. cities zoom higher in April Sector Snap: Homebuilders tumble (AP) As the
Dollar Falls Off the Cliff … Bernanke warns on
deficits as Treasury rates rise ----- GOV'T OWES RECORD $63.8
TRILLION... The Big
Collapse Is Very Near Dollar Declines as Nations Mull Reserve Currency
Alternative Dollar
Falls Most In A Month Since 1985 Leap
in U.S. debt hits taxpayers with 12% more red ink Gold
jumps above $970/oz as dollar weakens Double-Dip Depression , New Record Continuing Unemployment Claims, Marc
Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” Why
We'll See Another Serious Equities
Sell-Off Obama continuing Bush’s assault on the middle class Government will
now own 72.5% of 'New GM'... Roubini: U.S. economy
to dip again next year... Case-Shillers
index shows new record decline in real estate prices, $80+ oil coming this year
Dallas
Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99
Trillion Dollars Waterboard the Fed Obama: We Are Broke. Well, Duh! Russia
Rationally Dumps Dollar as Reserve Currency - Adopts Euro ,
new record for continuing unemployment claims, fed downgrades outlook
that previously provided b.s. for suckers’ rally, record low for new housing
starts, etc.) AND
BULL S**T ALONE (ie., BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... , world economy to shrink by worse than
previously predicted 2.9% and big difference between not getting worse and
getting better, leading indicators up far more
than expected … bull s**t …based in large part on inflated stock price
component … more bull s**t … new reform with same old frauds say increased capital
requirements and oversight of the overseers/rating agencies (riiiiight!…same
old,same old - already have but no will to enforce existing laws, etc.),
analyst who called crash says inflationary depression, banks passed stress
tests only with the help of fraudulent change in accounting rules, banks
still insolvent, toxic assets even more toxic, dollar falling and a lot lower
to go, $100 + oil by end of year, Obama/bernanke continuing failed policies
of bush greenspan, recommends getting out of Dodge and u.s. assets Insiders Exit Shares at the
Fastest Pace in Two Years BUFFET:
ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... The Next Bubble Is Here. Have
You Bought In? Here we go again! Barney Frank asks FANNIE and FREDDIE to
relax Mortgage lending rules... Fed Tried to Cover-up Its
Involvement in Bank of America-Merrill Deal Dollar
And Stocks Drop As China Calls For New Global Currency Citigroup Ordered to
Suspend Some Operations in Japan Bernanke
Grilling May Weaken Case for Fed as Risk Regulator Citi boosting salaries to offset lower bonuses,
allegedly to retain the clowns who helped make them taxpayer dependant and
cause the current debacle; how ‘bout firing them instead and offering
opportunity to the new, particularly non-ivy league vegetable garden grads [$$] Market Suffers Some Technical
Damage Stocks tumble on bleak outlook for world economy U.S. Home Prices Drop 6.8 Percent
in April as Foreclosures Rise [$$] Red Roof Inn Defaults on Mortgage Debt (at The
Wall Street Journal Online)
MySpace to cut two-thirds of global
workforce GM to cut 4,000 more white-collar jobs
by year end Oracle tops forecasts despite sales,
profit dip; stated another way, bad news will be shilled as good news (AP) California
Collapsing Bankster “Holiday” Planned for
September? Recession Sparking Global Unrest Is Your Portfolio Ready for the Next
Leg Down? S&P turns negative for year in
broad sell-off (Reuters) Goldman Sachs on pace for record bonuses: report
(Reuters) Numbers On Welfare See Sharp
Increase Top Insiders Playing You For A
Sucker? The death of the dollar. Who
could deny it? Stanford indicted in
massive U.S. fraud case which is small potatoes compared to ubiquitously
massive wall street securities fraud which caused the ongoing financial
debacle Venture
Capital Bubble Set to Burst, Kedrosky Says Obama Plans to Cut Bank
Regulators, Allow Fed to Supervise Financial Holding Companies – The old fox
guarding the henhouse tricks Federal Reserve unwisely to gain
power under plan Federal Reserve Foolishly
To Be Given
Sweeping New Powers Yen Strengthens Most in Month as Asian Stocks Drop, Gold
Gains RUSSIA
CHALLENGES WORTHLESS DOLLAR... AIG says
former top exec plundered retirement plan [video] The
Too-Big-to-Fail Problem [6.8 min] (at MarketWatch) [$$] Too Big to Solve?
(at The Wall Street Journal Online) Buy and Hold Is Dead.
Long Live Buy and Hold! Financial Bailout Plan Keeps
Zombie Banks Alive Bernanke then as now in denial
about looming crisis 2005-2007 Retail sales, drop in
jobless claims to a very high even if believed 601,000 yielding record
continuing claims of 6.8 million fuel hope…if you’re a dope Lawmakers
blast Fed, Treasury for BofA "threats" Oil climbs over $73 on
hopes for rising demand
U.S. Household Worth
Fell by $1.3 Trillion in First Quarter Predictions of $250
a barrel on oil ECB Fears Reality of
Banking Crisis in 2010: Report Get Ready for Inflation and
Higher Interest Rates Bill To Audit Federal Reserve Now
Has 209 Co-Sponsors Russia May Swap Some U.S. Treasuries for IMF Debt Fed report shows losses on Bear Stearns, AIG holdings Congress subpoenas the Fed ...
Finally! (AP) Brazil in recession, recovery unlikely this year What a “Jobless Recovery” Really Means: A Massive
Redistribution of Wealth from the Little Guy to the Big Boys Obama
Tells American Businesses to Drop Dead America’s Fed Addiction “87
Percent of [Chinese] Respondents Believe China’s u.s. Dollar-Assets are
Unsafe” Fed Said to Retreat
From Seeking Power to Sell Its Own Debt/Bills WIRE: Obama Tells American Businesses to Drop Dead... Long-Term Economic Memory Loss Obama’s economic model versus
reality Reality
bites Internet as 1Q ad sales fall 5 pct (AP) CHINA AIRS FEARS ON DOLLAR, DEBT government reports better than private
estimates…riiiiight! President
of the Federal Reserve Bank of Kansas City Warns of Oligarchy U.S.
unemployment hits record but job losses slow if you foolishly believe fake
government reports near 40% better than private estimates - I don’t think so!
…now Benefit spending
soars to new high $100 Billion Bailout For IMF
Tagged On To War Funding Bill Economic recovery is wishful thinking Gold, Silver Climb as Dollar
Falls OPEC: OIL COULD REACH $90... ----- Existing home foreclosure
sales up, and no profit discount car sales better than expected Diluting
like crazy through new stock bubble issues Market Manipulation/Fraud: How
Financial Markets Really Work Economist
Warns Fed Will Bring About Zimbabwe Style Hyperinflation The $4 trillion housing headache (at Fortune) foreclosure sales up,
prices down , ‘SELL IN MAY AND GO AWAY’, so SELL/SELL
INTO RALLIES/STRENGTH/ TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH
WORSE TO COME!
CITIGROUP and MERRILL face
bigger writeoffs/dividend cuts, etc.....
CHEER: Ambrose
Evans-Pritchard: Bank Crisis may make '29 look 'walk in park'... As central banks continue to splash their cash over
the system, so far to little effect, Ambrose Evans-Pritchard argues things
are rapidly spiralling out of their control Twenty billion dollars here,
$20bn there, and a lush half-trillion from the European Central Bank at
give-away rates for Christmas. Buckets of liquidity are being splashed over
the North Atlantic banking system, so far with meagre or fleeting effects.
"Liquidity doesn't do anything in this situation," says Anna
Schwartz, the doyenne of US monetarism and life-time student (with Milton Friedman)
of the Great Depression."It cannot deal with ….. that lots of firms are
going bankrupt. The banks and the hedge funds have not fully acknowledged who
is in trouble. That is the critical issue," she adds…..
The
time-lines below highlight the four recessions in the US economy since
1980…..While the NBER was only a little late in its recognition of the
recession that began in Summer 1981, they were late to the game in the
remaining three. In fact, during the last two recessions, the NBER did not
officially declare the start to a recession until the recession had already
ended. The u.s. is already in recession, beyond the fake data/reports, with
much higher than reported inflation, etc..
Economic
Expert Says Global Crash Imminent
Echoes
former world bank leader with prediction of global recession Steve Watson
A
leading economic expert has warned that a global crash and recession is
imminent on the back of record highs in real estate, stocks and energy,
combined with a devaluation of the dollar and continued speculative bubble
thinking. Robert Shiller, the Stanley B. Resor Professor of Economics at Yale
University told an audience at the annual Dubai
International Financial Centre (DIFC) Week that a sharp downward correction
is due in the global markets. Shiller stated: Perhaps we have gotten a little
too confident in the global economic growth, said Shiller. The problem is
high oil, stock and real estate prices. I believe that a substantial part is
speculative bubble thinking. We have gotten too confident of the prices in
these markets.
Economic Outlook 2008: Darkening Clouds
Dom Armentano Lew
Rockwell.com Thursday December 6, 2007 Presidential election years
usually are not recessionary but next year will be an exception. Several
economic factors are colliding in an almost perfect storm to markedly slow
the general economy and the stock market. The most important signal flashing
recession is, of course, the sub-prime mortgage fiasco. After years of
monetary inflation on the part of the Federal Reserve, individuals and
families with poor credit were suckered into low-down-payment/low-interest
adjustable mortgages that simply cannot be maintained or repaid under current
conditions. Their incentive is to sell the property quickly before their
equity evaporates and/or the financial institution repossesses it. Yet the
massive oversupply of homes and condos for sale has pushed prices down at a
record clip and made additional foreclosures even more likely. Next year,
unfortunately, will be the Year of the Auction. The financial institutions
have also been punished…well sort of. Various institutions including hedge
funds that hold these poorly performing debt obligations have been forced (by
accounting rules) to "write down" the value of these assets, take
huge paper losses in the bargain, and pull in their financial horns. Thus,
any near-term recovery in housing must now fight a record supply
availability, falling prices, higher insurance costs and restricted credit…a
near-term impossibility in my view. Moreover, the slowdown in residential and
commercial construction will send secondary ripple effects throughout the
economy. Laid-off construction workers don't spend money. Construction and
home furnishing suppliers sell less output and make fewer investments. Even
local governments will be pinched by declining property-tax assessments and
fewer developer fees. Things are likely to get worse before they get any
better. The second major factor indicating a near-term recession is the
sky-high price of crude oil and refined product. Pushed upward by world-wide
speculative Mid-East war fears and increases in demand (especially from
China), increasing energy prices act as an inflationary "tax" on
domestic production and consumption throughout the market economy. Higher costs
of production will lower profits; higher prices will reduce some consumption.
The only good news here is that any substantial economic slowdown in 2008
will eventually moderate the price of oil and other commodity prices as well.
The third factor in the current recession scenario – and the real wild card –
is the continuing decline in the value of the dollar in international money
markets caused by our Iraq blunder and the Federal Reserve–generated
oversupply of dollars. Some economists would argue that a devalued dollar is
good for U.S. exports, and thus positive for the economy as a whole. I
disagree for three reasons. First, the bulk of crude oil purchases takes
place in dollars; a falling dollar translates into still higher crude oil
prices. Second, the U. S. dollar is the major reserve currency of the
international monetary system and dollar-paying investments (such as U.S.
Treasury bills and bonds) are held in massive amounts by foreign banks and
governments. Dollar devaluation makes these investments less attractive and
any disinvestment in these areas would sharply drive bond prices down and
increase interest rates. The third reason why dollar devaluation makes
recession more likely is that it effectively prevents the Federal Reserve
from pushing U.S. interest rates much lower. Any additional Fed easing
(inflation) would be seen as a signal of even further future dollar
devaluation and even higher dollar prices for oil. Unfortunately, we will not
be able to "inflate" our way out of this recession this time. We
will simply have to take our lumps and let market forces liquidate the bulk
of the malinvestments caused by the unprecedented Greenspan money bubble.
This liquidation process will not be pretty but it is necessary to restore a
sustainable economic recovery in the years ahead.
Don’t forget: Criminal america has the highest
crime rates in the world. No other so-called ‘civilized’ nation even comes
close.
Euro gains on
dollar in official reserves...
FROM THE
SUB-PRIME TO THE RIDICULOUS: HOW $100B VANISHED...
PAPER: TOP
ECONOMIST SAYS AMERICA WILL PLUNGE INTO RECESSION...
UNDERSTANDING
THE GREAT WALL STREET FRAUD (summarized)
*(12-30-07) The best
and easiest to understand analogy, though not perfect, to the wall street
markets is the kiting of checks at lightning computerized trading speed on
which commissions are taken although there is nothing of real value
underlying their fraudulent scheme. (10-10-08) Now to bring this analogy
closer to the current crisis, assume as is the case of the worthless sub-prime
securities, there is no charge off/debit as is ordinarily the case with a
cleared check and the worthless 'collateralized sub-prime security' is
repackaged, resold, recommissioned based upon as collateral the original
worthless security which is in turn repackaged, resold, recommissioned based
upon as collateral the subsequent worthless security, and so on to the tune
of (hundreds of) trillions of this worthless, fraudulent paper (blatent
securities fraud which must be prosecuted and fraudulently derived profits
disgorged).
*(12-31-07) The
ubiquitous computerization of wall street functions, the
enhancement/advance/integration of the said computer equipment/peripherals in
terms of computing power and speed, along with the concomitant
advance/sophistication of the programming concerning same has enhanced the
ability of the frauds on wall street to effect their frauds with blinding
speed vis-à-vis the funds entrusted to their care by way of programmed
trades, ie., buy, sell, stop limits, etc.. An example (though not perfect) is
illustrative: Dow drops 200 points as
programmed sell orders kick in with some not so fudged negative news. Nothing
changes but the following day the market rises 205 points on programmed buy
orders (a little higher despite the absence of any positive news). Hence, the
huge swings which have become ever so more prevalent. Though nothing has
changed, hundreds of millions of dollars without relation to any value added
(in economic terms, service, etc.) is taken in commissions (percentages,
points, spreads) by the frauds on wall street on huge computerized trading
volume (hence, the multi-billion dollar bonuses on top of huge salaries,
etc.). The fact is that these funds entrusted to them are so large that such
computerized “buys” can simulate other than rational demand causing prices to
rise solely to generate huge commissions to them and new funds coming in (as
in a ponzi scheme). The corrupt government has been complicit in terms of
false economic reports, legislation protecting the fraud (ie., exemption from
RICO accountability, etc.), while the courts are also corrupt facilitators
(ie., new york, new jersey, california, etc., and similarly don’t count on
arbitration panels). There was a time
when transaction costs mattered in financial investment decisions. The
trades/commissions are not a net positive for the economy but are indeed of
great benefit to the recipients of same (who like termites eat away at other
peoples’ money, and whose marginal propensity to consume is less than those
allocating their monies/pensions/401ks/savings etc.; hence, the mess to
follow). Finally, the NASDAQ/tech has become the “safe haven” but in reality
as in the dot.com bust days are just the great story without much fundamental
understanding that keeps the fraudulent ball rolling.
(1-01-08) 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 Very Small Fraction Of What wall street Does
Is A Net Positive For The Economy (New Investment Capital via, ie., ipo’S), The Rest Is Tantamount To A
(Economically) "Wasteful Tax" (On The Economy) via 'churn and earn'
computerized programmed trades.
*(1-3-08) $14
billion ($21 billion in 2006) in bonuses to the lunatic/frauds on wall street
for a commissionable (sub prime bundled) fraud well done, inflation up,
dollar down, oil prices up, manufacturing down; one
analyst/reporter/journalist from inside sources pegs the sub-prime dollar
value of the shilled worthless paper at $516 TRILLION (even a percentage of
same renders the problem unfixable-hence, culpable parties must be held
accountable and disgorge their ill-gotten gains from, ie., commissioning
worthless paper, taking a point here or there and fraudulently passing same
on, ad infinitum, etc.). Of course there are also a plethora of
garden-variety frauds as always, ie., 10-B-5, insider trading, etc..
*(10-10-08) Now to bring the initial
check-kiting analogy closer to the current crisis, realize as is the case of
the worthless sub-prime securities, there is no charge-off/debit as is
ordinarily the case with a cleared check and the worthless 'collateralized
sub-prime security' is repackaged, resold, recommissioned based upon
(collateralized by) as collateral the original worthless security which is in
turn repackaged, resold, recommissioned based upon as collateral the
subsequent worthless security, and so on (a geometric progression) to the tune of (hundreds of) trillions of
this worthless, fraudulent paper (blatent/flagrant securities fraud which must be prosecuted and fraudulently
derived profits disgorged).
THE BAILOUT FRAUD/SCAM
This is not brain surgery and
the fraud, bonuses/compensation (mortgages, subprime and otherwise, are only
a relatively small portion of the fraud/scam providing “cover/collateral” for
the worthless but heavily commissioned paper over and over again in a
multiplicity of different forms of worthless paper) in the mega-billions should
first be disgorged before taxpayers are forced to pony up and pay the frauds
again for their fraud which caused the problem in the first instance, must be
prosecuted. It should also be noted that despite the rhetoric, the wall
street bailout will NOT solve the crisis or eliminate the economic pain
except to make permanent the fraudulent wealth transfer to the most well
healed heals/frauds/criminals in the nation who caused the so-called crisis
by their greed/corruption/fraud.
TOP TRENDS 2008: PANIC AND FEAR http://www.trendsresearch.com
Economic 9/11
Just as
the Twin Towers collapsed from the top down, so too will the US economy from
an Economic 9/11. When the high-stake speculators, banks, brokerages, and
buyout firms that leveraged billions with millions get hit ... everything
underneath them will turn to rubble.
The Panic of 08
Failing
banks, busted brokerages, toppled corporate giants, bankrupt cities, states
in default, foreign creditors cashing out of US securities … whatever the
spark, the stage is set for panic in the streets. When the giant firms fall,
they'll crush the man on the street. ....
Conservation
Engineers
More
powerful than high tech and paying much better than the booming health care
sector, we forecast that "Conservation Engineers" and
"Conservation Specialists" that are skilled in providing
enviro-smart solutions will be among the most handsomely rewarded and sought
after professions for the next several decades.
Tax Revolts
It was a
reason given for starting the first American Revolution and as the trends add
up, it will also be a reason for starting the second. Fed up, and not willing
– or able – to take it anymore, overtaxed Americans will begin the battle
against politicians and bureaucrats in the fight to lower and/or repeal
taxes… while demanding higher tax rates for those seen as paying too little.
.....
Bye, Bye Bucks
America’s
going broke and the whole world knows it. Betting that its economy will
spiral down and that the dollar will fall with it, foreign creditors are
dumping dollars on the market … and even Third World street vendors don’t
want to take greenbacks any longer. The further it falls, the less it’s
worth. The less it’s worth, the less it buys. In the real world they call it
"inflation." In America they call it "good for business."
......
Small is Big
Unlike
the years of personal prosperity and business growth long perceived a
birthright … today, as America’s fortunes dwindle, its people will be forced
to adjust attitudes and alter practices to compensate for the losses.
Although the oncoming national downsizing trend may be a blow to egos and
painful to pocketbooks, if intelligently deployed and spiritually practiced,
the "Small is Big" trend can lead to more progressive advancement
and greater rewards than the supersizing trend that has been consuming much
of the nation.
Heal Yourself
Health Care
Just as
it took mountains of facts and bottom line realities to finally convince a
consumption prone public that energy saving tools and environmentally sound
practices bring bigger rewards and higher quality, the oncoming "Heal
Yourself Health Care" trend will be as widely embraced and will prove
equally rewarding. Evolving over the past two decades, along with growing
acceptance of seeking alternative medical options, the "Heal Yourself
Health Care" trend is being driven by both the lack of money and the
power of the mind.
TechnoSlaves.com
It’s a
quickly spreading worldwide epidemic that will get much worse. All colors,
classes, creeds and races are addicted and they can’t break the habit. Before
2008 ends, the TechnoSlave trend will be so pervasive and so deeply embedded
into the fabric of society that Old World communication styles will be seen
as quaint and ridiculed as stupidly boring by the high-tech "hip."
Across borders and around the world, blinking lights of blue and red flash
from human ears … electro-plastic appendages affixed to the body and
controlling the mind. So self-important have society’s members become that
they must be connected at all times … to be in touch and instant messaged …
for work, play and to fill the voids of idle time.
Hold on to Your
Hats
2008 is going to be a wild ride. http://www.trendsresearch.com
Jeremy Grantham:
All the World's a Bubble By Brett
Arends
…..Grantham says we are now seeing the first worldwide bubble in history
covering all asset classes.
Everything is in bubble territory, he says. Everything.
'The bursting of this
bubble will be across all countries and all assets.' -- Jeremy Grantham
|
The United States is heading for
bankruptcy, according to an extraordinary paper published by one of the key
members of the country's central bank.
|
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''.
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.
"..... 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."
UPDATE - Two former NYSE
traders found guilty of fraud
Stock
market staggers, but investors still may be too optimistic
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.
Not
good.
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."
What is Wrong with the Stock Market?
Dr. Khaled Batarfi
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):
July 17 July 14 (respectively)
Fed acct 4.087 4.935
Tax/loan note acct 10.502
10.155
Cash balance 14.589 15.192
National debt,
subject to limit 8,311.633
8,323.084
The statutory debt limit
is $8.965 trillion.
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 59½ 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.
WHISPERS
OF MERGERS SET OFF BOUTS OF SUSPICIOUS TRADING...
August
27, 2006 NYTimes By GRETCHEN MORGENSONThe
boom in corporate mergers is creating concern that illicit trading ahead of
deal announcements is becoming a systemic problem.
Sartre, Courtesy of Etherzone.com, on the Typical Criminal
american B**l S**t: "The official rate of inflation is a lie. Look at
the expense on essentials. The price tag of food has gone through the roof.
Energy, medical, insurance and education costs are unbearable. As the rise in
local and state taxes far out pace any minimal reductions on the federal
level. The huge balance of payments trade shortfall is no accident.
Government deficits grow, as massive debt piles up. No wonder the laws of
economic veracity require a loss of purchasing power in the value of the
currency".
Insiders Selling At A Rate Of 5 to 1!
'Peak Oil' Has Been Reached [In Part The Work Of The criminal
american (think tank/neo-cons/titans of industry/cia/nsa,etc.)
"geniuses" who have built up communist China militarily and
economically].
·
Record
High Oil Prices
·
Consumer
Confidence (consumption 65% of GNP) Down
·
Record
High Deficits (budget, trade, attention, intelligence, etc.)
YOU CAN'T BELIEVE A WORD THEY SAY!
|
Wall
Street Lunacy 2007 
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