alpeia's
page
|
|
alpeia's
Comments
Comment
on: Even 'Safe Money' Can Be Parked in Short-Term Bonds
at 8/30/2009 6:36 AM EDT SELL/TAKE
PROFITS -SOBERING STAT: ARMS INDEX INDICATES MARKET IS AT PEAK, NOT
BOTTOM….Brett Steenbarger…What I can tell you with certainty is that two of
the past historical occasions in which we've had 20-day price highs and ultra
low median 20-day TRIN readings have been March 2000 and late May/early June,
2007. Both corresponded more or less to bull market peaks. The ultra low TRIN
seemed to capture frothiness in those markets: lots of volume going into a
few speculative, rising issues. Might we be seeing the same thing with the
recent pops in such low priced stocks as AIG (AIG), Citigroup (C), Fannie Mae
(FNM), Freddie Mac (FRE), CIT (CIT), and Bof A (BAC)? I note that about 2
billion of NYSE volume was concentrated in C, FNM, and FRE alone. Seems like
lots of money chasing low-priced volatile financial stocks. Just like lots of
money chasing volatile tech stocks or emerging market stocks. Not something
you'd see at market bottoms. A bit of a sentiment caveat for this market
shrink… Comment
on: FDIC to Ratchet Up Scrutiny of Newly Chartered Banks
at 8/30/2009 6:27 AM EDT PART 3
THE GREAT DEPRESSION AND TODAY - SOBERING PARALLELS ABOUND Comment
on: U.S. Sets Metrics to Assess War Success at 8/30/2009 6:19 AM EDT Lets get
real! A broke and broken nation u.s. is fraud, war criminals and war
profiteers! Comment
on: More Banks Could Fail, FDIC Says at 8/29/2009 5:46 AM EDT Meltdown
101: Why banks' struggles have worsened The Associated Press - Marcy Gordon -
WASHINGTON - Despite signs of an improving economy, the nation's banks
are still struggling - in fact, the pace of bank failures has accelerated. Comment
on: Banks 'Too Big to Fail' Have Grown Even Bigger
at 8/29/2009 5:43 AM EDT Roubini:
“When Governments Reach the Point Where They Are Borrowing to Pay the Interest
on Their Borrowing They Are … Running a Ponzi Scheme” The interest charge
alone on that increased debt will be in the region of $300 billion to $400
billion a year. Comment
on: Hopeful Signs: Manufacturing, Housing Show Gains
at 8/29/2009 5:31 AM EDT PART
2-THE GREAT DEPRESSION AND TODAY - SOBERING PARALLELS ABOUND Comment
on: Tax Pledge Is a Target As Deficits, Debt Grow
at 8/29/2009 4:57 AM EDT BILL WOULD GIVE OBAMA 'EMERGENCY' CONTROL OF INTERNET
WHICH WOULD BE CRAZY IN LIGHT OF HIS BREACHES OF TRUST Forced vaccinations,
quarantine camps, health care interrogations and mandatory “decontaminations”
Mike Adams | The United States of America is devolving into medical fascism.
Fox News Poll: Majority Think Swine Flu Vaccine Deadlier Than Virus Dictator,
communist, and walking dead man Castro, ‘the opposition killer/jailer’, Calls
Obama Opposition Racist…riiight mr. totalitarian communist, anything you say
Sheehan returns to rebuke Obama 'US not living up to wobama message' ABC
Hypocrisy Over Ad Critical Of Nationalized Healthcare China, ‘the paper
tiger’: US should end naval patrol in China sea Comment
on: Bush's Search Policy For Travelers Is Kept at 8/28/2009 5:53 AM EDT Who woulda thunk it! Comment
on: SEC's About-Face on Bank of America Raises Eyebrows
at 8/28/2009 5:40 AM EDT What
approach? I'm surprised the sec employees like other club fed employees even
get paid! Comment
on: Banks 'Too Big to Fail' Have Grown Even Bigger
at 8/28/2009 5:28 AM EDT ECONOMIST
KELLNER JOINS THE RATIONAL CROWD SAYING ECONOMY WILL COLLAPSE UNDER ITS OWN
WEIGHT IN 2010
Comment on: More Banks Could Fail, FDIC Says at 8/28/2009 5:19 AM EDT THE GREAT
DEPRESSION AND TODAY - SOBERING PARALLELS ABOUND Comment
on: Accusations Of Vote Fraud Multiply in Afghanistan
at 8/28/2009 5:04 AM EDT Karzai and Warlords Mount Massive Vote Fraud Scheme
Afghan panel finds vote fraud charges serious Afghan challenger Abdullah says
polls rigged... Afghan President Hamid Karzai’s main challenger said on Sunday
he had evidence last week’s election had been widely rigged by the incumbent
and that he had lodged more than 100 complaints. Comment
on: Fannie, Freddie Shares Soar, Puzzling Analysts
at 8/27/2009 7:34 AM EDT Who's
Behind All This Manipulated Trading? Comment
on: Hopeful Signs: Manufacturing, Housing Show Gains
at 8/27/2009 7:28 AM EDT 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!) 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) …] 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 Comment
on: Obama Names Bernanke for 2nd Term at 8/26/2009 10:13 AM EDT BEN (HE STILL
HAS A JOB - AS AMERICANS LOSE THEIRS) BERNANKE IS BULL S**T (REMEMBER HIS NO
RECESSION TALKS, MANY OF THEM, TO FROTH THE MARKET THEN AS NOW): Comment
on: Deficit Projected To Soar With New Programs at 8/26/2009 9:33 AM EDT Senator
warns of hyperinflation... Comment
on: On Afghanistan, Political Test for Obama at 8/26/2009 9:21 AM EDT What
political test? This is not some infantile game of chicken. Civilians are
dying from the tainted touch of american war profiteering, military
industrial complex budgeteering, and desire for the heroin which the Taliban
had all but eradicated (and the pentagon countermanded orders to destroy the
poppy fields). Comment
on: Fannie, Freddie Shares Soar, Puzzling Analysts
at 8/25/2009 7:42 AM EDT 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 Comment
on: Bernanke to Be Reappointed as Fed Chairman at 8/25/2009 7:38 AM EDT Heck of a
job 'Browny'. Whoops, wrong catastrophe; I meant 'Benny'. Comment
on: Scottish Justice Secretary Defends Libyan's Release
at 8/25/2009 7:33 AM EDT Scottish govt defends Lockerbie bomber's release though
all they really have to do is point to the war criminals in u.s. who haven’t
even been charged/prosecuted…e Stark double standard …Firstly, the case
against him was circumstantial and relied heavily upon the testimony of Tony
Gauci, a Maltese shopkeeper, who said he recognized Al-Megrahi as the man who
bought clothing in his shop, fragments of which were later found in the
incendiary suitcase. Yet, Gauci was allegedly shown photographs of Al-Megrahi
and others prior to the line-up when he failed to identify him. He was then
instructed to focus on Al-Megrahi’s picture when he insisted that the person
who bought his clothes was much older than the man in the photo. He is also
said to have been coached by prosecutors prior to giving testimony and is
thought to have been offered millions of dollars in bribes to testify at
trial… Comment
on: Karzai Won Election Convincingly, Afghan Cabinet
Minister Says at 8/25/2009 7:28
AM EDT Karzai
and Warlords Mount Massive Vote Fraud Scheme Afghan panel finds vote fraud
charges serious Afghan challenger Abdullah says polls rigged... Afghan
President Hamid Karzai’s main challenger said on Sunday he had evidence last
week’s election had been widely rigged by the incumbent and that he had
lodged more than 100 complaints. Comment
on: Flu Strategists See Schools on Front Line at 8/24/2009 5:55 AM EDT List of
Dead Scientists Steve Quayle | Microbiologists, chemists, and other
scientists connected to biological weapons are showing up dead in alarming
numbers. http://www.albertpeia.com/listofdeadscientistsquayle2009.htm Comment
on: Iranians Seek Out Abuses By U.S. at 8/24/2009 5:47 AM EDT H.R. 645
and The FEMA Concentration Camps Byron Tripp | Ladies and Gentlemen, there is
a plan that is in place to be executed by the Federals to lock down the
cities and towns across our land and to begin gun confiscation. Comment
on: Economy Is 'Leveling Out,' Bernanke Says at 8/24/2009 5:38 AM EDT Unemployment
Edges Up to Great Depression Level Kurt Nimmo | A dizzy corporate media tells
us there is now light at the end of the tunnel. Comment
on: Karzai Opponent Alleges 'Widespread' Voter Fraud
at 8/24/2009 5:25 AM EDT Karzai
and Warlords Mount Massive Vote Fraud Scheme Comment
on: Financial Industry Is in Group's Sights at 8/23/2009 8:53 AM EDT The
frauds on wall street have violated a plethora of existing (securities among
other) laws, made fortunes doing so, and should be prosecuted and forced
disgorgement/forfeiture. In the meantime: Comment
on: Financial Industry Is in Group's Sights at 8/23/2009 8:43 AM EDT 13 MARKET
VIEWS FROM SEEKING ALPHA: Comment
on: Economy Is 'Leveling Out,' Bernanke Says at 8/22/2009 1:04 PM EDT BERNANKE
BULL S**T (REMEMBER HIS MANY ‘NO RECESSION’ TALKS TO FROTH THE MARKET AS
NOW). THE FRAUDS ON WALL STREET CARE NOT WHETHER TRUE (NOT!) BUT LOVE THE
TALK POINT FOR PROGRAM TRADE COMMISSIONABLE BUBBLE, AGAIN Comment
on: Commercial Credit Crunch Means We May Not Be Out of
This Yet at 8/21/2009 10:00 AM
EDT 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 Comment
on: Troubled Mortgages Hit Record High at 8/21/2009 9:35 AM EDT CalPERS
Is Unsustainable Jeff Nielsen Comment
on: Economic Data Continue to Chart Bumpy Road to Recovery
at 8/21/2009 9:22 AM EDT WHY DO
EQUITY MARKETS DISAGREE WITH THE DATA? Adam Hayes Comment
on: Troubled Mortgages Hit Record High at 8/21/2009 9:22 AM EDT WHY DO
EQUITY MARKETS DISAGREE WITH THE DATA? Adam Hayes Comment
on: Troubled Mortgages Hit Record High at 8/21/2009 9:17 AM EDT WHY DO
EQUITY MARKETS DISAGREE WITH THE DATA? Adam Hayes Comment
on: Troubled Mortgages Hit Record High at 8/21/2009 9:13 AM EDT WHY DO
EQUITY MARKETS DISAGREE WITH THE DATA? Adam Hayes Comment
on: Master of the Economy at 8/21/2009 8:56 AM EDT 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 Comment
on: Stocks Bounce Back as Energy Stocks Rise at 8/20/2009 9:05 AM EDT 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 ] 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 Comment
on: Derivatives Proposal Is Too Soft, Regulator Says
at 8/20/2009 8:45 AM EDT You sound
rather naive! Yet another law to not be enforced so they can pretend that
they're doing something. I wrote previously "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. … They’ve already
under existing laws committed crimes to the tune of trillions. An analogy
might help: Comment
on: Stocks Rebound After Monday Losses at 8/19/2009 12:28 PM EDT 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.
Comment
on: Howard Kurtz Discusses the Death of Robert Novak and
Analyzes the Media at 8/19/2009
12:02 PM EDT The
following blog entry appeared courtesy of Stocksmurf: Comment
on: Schwab Targeted in Cuomo Lawsuit at 8/19/2009 11:44 AM EDT What
about starting with the massive domestic frauds! Comment
on: For American Who Blew Whistle, Only Reward May Be a
Jail Sentence at 8/19/2009 11:35
AM EDT What about starting with the massive domestic frauds
worth far more to the treasury in dollar and prospective deterrence! Comment
on: Schwab Targeted in Cuomo Lawsuit at 8/19/2009 11:28 AM EDT You don’t
see cuomo prosecuting mafia or the local (nyc) perps who caused the meltdown;
too close to home. Pick on the little out-of-state non-player. The feds are
in that same preposterous camp. What a joke! What a bunch of jokers! How
corrupt! Comment
on: Tishman Said To Seek New Loan Terms on D.C. Properties
at 8/19/2009 11:18 AM EDT Weekly
Market Outlook: Commercial Real Estate Continues to Deteriorate Comment
on: Netanyahu's Defiance of U.S. Resonates at Home
at 8/19/2009 11:11 AM EDT Israel rejects US call to halt Jerusalem project (AP) -
AP - Israel on Sunday rejected a U.S. demand to suspend a planned housing
project in east Jerusalem, threatening to further complicate an unusually
tense standoff with its strongest ally over settleme... Netanyahu defies U.S.
on East Jerusalem settlement (Reuters) - Reuters - Prime Minister Benjamin
Netanyahu, saying he would not take orders over Israeli settlement in East
Jerusalem, rejected on Sunday a U.S. demand to halt plans to build more homes
for Jews in t... Israel rejects US demand to halt east Jerusalem project
(AFP) Comment
on: Executive Openings Filled at Freddie Mac at 8/19/2009 11:04 AM EDT The FDIC
Is Broke. Now What? (Part II) Insiders Are Dumping Stock Dollar to Decline
Amid Concern It 'May Lose Reserve Status'... Jobless spike compounds
foreclosure crisis Comment
on: Stocks Rebound After Monday Losses at 8/19/2009 10:59 AM EDT Insiders
Are Dumping Stock Comment
on: Home Construction Rises Again, but Other Data Are Mixed
at 8/19/2009 10:43 AM EDT 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. Comment
on: Unemployment Spike Compounds Foreclosure Crisis
at 8/18/2009 9:06 AM EDT 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 Comment
on: A Message for Mubarak at 8/17/2009 9:33 AM EDT The West
behind Iran unrest, Ahmadinejad says Comment
on: More Crises Needed? at 8/17/2009 9:07 AM EDT 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 Comment
on: Will U.S. Recovery Go Global? at 8/17/2009 9:00 AM EDT What
Recovery? 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 Comment
on: Japan Joins Recent Wave Of Economic Expansion
at 8/17/2009 8:55 AM EDT Equity
Market: Things Look Ugly for the Bulls Cam Hui…Given some of my recent warnings
about the equity market (see here and here), these additional data points are
more indications of the precarious state of the US equity market… Comment
on: The Signs Don't Point To a Typical Recovery at 8/17/2009 8:51 AM EDT Will
'Self-Preservation' Work After Decades of Fiscal Suicide? Jeff Nielson Comment
on: Stocks Finish the Week Down as Reports Dull Optimism
at 8/16/2009 9:23 AM EDT They're
asking if this "recession" is ending in another part of this site.
Does it seem like it's ending? Does it seem like any "recession"
you can remember? Comment
on: Obama Pushes Insurance Reforms at 8/15/2009 12:02 PM EDT Obama Approval Rating Sinks To Lowest Ever The Pentagon
Wants Authority to Post Almost 400,000 Military Personnel in U.S.
Ex-employees claim Blackwater pimped out young Iraqi girls Blackwater Founder
Implicated in Murder Iraq Contractor KBR Cited By Oversight Commission
Attacks Against Iran Intensify Comment
on: Stocks Finish the Week Down as Reports Dull Optimism
at 8/15/2009 11:52 AM EDT 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 Comment
on: Personal Bankruptcy Surges 34 Percent at 8/14/2009 9:22 AM EDT PAPER: FRESH
ALERT ON GLOBAL STOCK MARKETS... RBS uber-bear issues fresh alert on global
stock markets Three-month slide could hit record lows, Royal Bank of Scotland
chief credit strategist Bob Janjuah predicts. By Ambrose Evans-Pritchard,
International Business Editor Comment
on: Iran Exiles Accuse U.S. Of Ignoring Its Pledges
at 8/14/2009 9:12 AM EDT Israel killed
Gazans waving white flags GAZA CITY: New York-based Human Rights Watch (HRW)
said in a reported on Thursday that Israeli soldiers killed 11 Palestinian
civilians, including five women and four children, waving white flags
during... Comment
on: Gates: No Troop Request In Afghanistan Review
at 8/14/2009 9:07 AM EDT Eisenhower’s
admonition regarding the military industrial complex Comment
on: France, Germany Fend Off Recession at 8/14/2009 9:03 AM EDT PAPER: FRESH
ALERT ON GLOBAL STOCK MARKETS... RBS uber-bear issues fresh alert on global
stock markets Three-month slide could hit record lows, Royal Bank of Scotland
chief credit strategist Bob Janjuah predicts. By Ambrose Evans-Pritchard,
International Business Editor Comment
on: France, Germany Fend Off Recession at 8/14/2009 8:55 AM EDT PAPER: FRESH ALERT ON GLOBAL STOCK MARKETS... RBS
uber-bear issues fresh alert on global stock markets Three-month slide could
hit record lows, Royal Bank of Scotland chief credit strategist Bob Janjuah
predicts. By Ambrose Evans-Pritchard, International Business Editor Comment
on: At Town Hall, A Turning Point? at 8/13/2009 9:48 AM EDT Specter
invokes that old “silent majority trick” Comment
on: Fed Starts Rollback Of Rescue Efforts at 8/13/2009 9:29 AM EDT Rescue?
Rescue who and what? The bonuses in the billions for the perps of the
trillions dollar fraud? Comment
on: What They're Really Arguing About at 8/12/2009 9:27 AM EDT DRUDGEREPORT:
PAGLIA: PELOSI MUST GO... Comment
on: Specter Faces Raucous Crowd at Town Hall Meeting
at 8/12/2009 9:20 AM EDT Comment
on: Obama Faces 'Scare Tactics' Head-On at 8/12/2009 9:10 AM EDT Obama Caught Lying Again, Making Back Room Deals with
Pharmaceutical Lobbyists Comment
on: Bill Proposed to Regulate Derivatives Trade at 8/12/2009 9:00 AM EDT What about prosecution under existing and very
applicable laws? Comment
on: Bubble or Bounce, Tech Is Soaring at 8/11/2009 9:10 AM EDT They love
to sell the sizzle of tech because few people really understand it; and, as
in the last dot.com bust, the burn is coming! Comment
on: Stimulus Funds Bring Relief to States, but What About
2010? at 8/11/2009 9:01 AM EDT In
addition to no income to tax, tax revolts are predicted in part owing to
bailout frauds. See trendsresearch.com Comment
on: Study to Seek Clues to Soldier Suicides at 8/10/2009 7:42 AM EDT Yes!
Fighting for israel and war profiteers is enough to make anyone crazy! Comment
on: Iranian Officials Call for Arrest of Opposition Leaders
at 8/10/2009 7:31 AM EDT How
Israel lobby controls US IN the early 1960s, Sen. William J. Fulbright fought
to force the American Zionist Council to register as agents of a foreign
government. The council eluded registration by reorganizing as the American... Comment
on: Championing the Status Quo at 8/10/2009 7:17 AM EDT Harry
Dent, Jr. Comment
on: Meet the Geniuses Who Lost Our Money at 8/9/2009 9:56 AM EDT I agree that they belong in jail and so does Max Kaiser
- they're doing it again! Comment
on: Meet the Geniuses Who Lost Our Money at 8/9/2009 9:43 AM EDT 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 Comment
on: Will 401(k)s Wither Without Employer Match? at 8/9/2009 9:12 AM EDT 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 Comment
on: Recovery Still Depends On Bold Actions, Officials Say
at 5/9/2009 9:35 AM EDT The Economy
Will Not Recover Until The Perpetrators Of Our Crises Are Held Accountable Comment
on: Afghan Civilian Deaths Present U.S. With Strategic
Problem at 5/8/2009 8:28 AM EDT Editorial:
Slaughter first, then apologize It is simply not good enough for US Secretary
of State Hillary Clinton to “deeply” regret the slaying this week of over 100
innocent Afghan civilians, including some 20 children, near Farah in
western... US blitz kills 100 Afghan Civilians Comment
on: N.Y. Fed Chairman Resigns at 5/8/2009 8:24 AM EDT 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 Comment
on: Bernanke Favored Rate Cuts Tied to Bubble at 5/8/2009 8:20 AM EDT Looking at the Greatest Depression [Celente:
trendsresearch.com ]…Many financial analysts no less “expert” than those
pushing through the bailouts were convinced that allowing the credit markets
to seize up would, in the long run, prove far less costly than endlessly
printing money and pouring it down a plush-lined sink hole. Buffett was
wrong. It wasn’t a “war” at all. It was a criminal case, or should have been,
but the accused took a financial Fifth Amendment – the right to remain
silent, since any statement made could be used as evidence against them – and
got away with it. When, at a hearing before the Senate Budget Committee, Fed
Chairman Ben Bernanke was asked, “Will you tell the American people to whom
you gave $2.2 trillion of their dollars?” He answered, “No.” Comment
on: Joint Probe Planned Of Deadly U.S. Strike In West
Afghanistan at 5/7/2009 9:04 AM
EDT US blitz
kills 100 Afghan Civilians UN blasts Israel for school attack Israeli troops
kill Palestinian at West Bank shrine (Reuters) - Methinks I see a pattern! Comment
on: Stress Test Finds Strength in Banks at 5/7/2009 8:59 AM EDT Bad but
better than expected fake job numbers...riiiiight! Bad but better than
expected...etc.riiiiight! Comment
on: Bush Officials Try to Alter Ethics Report at 5/6/2009 9:11 AM EDT FBI
E-Mail Says Bush Authorized Abuse of Iraqis | FBI agents claimed in an e-mail
that Bush signed an executive order approving the use of military dogs, sleep
deprivation and other harsh tactics to intimidate Iraqi detainees. Torture
memo authors unlikely to be prosecuted Comment
on: U.N. Inquiry Finds Israel Purposely Fired on School in
Gaza at 5/6/2009 9:07 AM EDT War
crimes, illegal nukes, etc. - Time to get tough with israel! Comment
on: Bank Tests Yield Early Progress at 5/6/2009 8:59 AM EDT 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.’ Comment
on: Buffett Praises U.S. Decisions on Economy at 5/3/2009 7:56 AM EDT The
Economic Pain Ain't Over Yet ‘Bottom line - the government is doing
absolutely the wrong thing. They are supporting those that created this mess
(with significant moral hazard) to prompt more credit when the root of our
problems is too much credit. We need to flush the system and get rid of the
credit spending but instead we are pushing for a new bubble. At best, if it
works, we are kicking the problem down the street. Not a good plan - not at
all!! The other day I mentioned I do not like Geithner or Summers. … If you
like Summers and Geithner, please take the time to read up on them. They are
insiders on the banks we are supporting with obscene amounts of money, which
makes me sick. These people need a public flogging, not taxpayer support.’ Comment
on: In the Workplace, Awaiting Guidance on How to Counter
Flu at 5/3/2009 7:52 AM EDT Comment
on: U.N. Finds 60,000 Palestinians Risk Eviction in East
Jerusalem at 5/3/2009 7:21 AM EDT
Time to
hold Israelis to international law re: war crimes, nukes, killings Comment
on: U.S. Workers' Wages Stagnate As Firms Rush to Slash
Costs at 5/3/2009 7:15 AM EDT Buffett
dispenses gloom at Berkshire-clear is the reason he’s been shilling stocks Comment
on: Sleuthing Swine Flu at 5/3/2009 6:44 AM EDT Comment
on: U.S. Workers' Wages Stagnate As Firms Rush to Slash
Costs at 5/3/2009 6:41 AM EDT Comment
on: Detroit's CEO in Chief at 5/2/2009 7:58 AM EDT Come on!
obama's an empty suit who has never done anything of substance in his life
and the product of the notoriously corrupt chicago political machine. Comment
on: How Madoff Became an Equal Opportunity Thief
at 5/2/2009 7:35 AM EDT While
madoff is a typical slime ball who should be prosecuted to the fullest extent
of the law, he is also typical of the multi-trillion dollar securities fraud
by the fraudsters on wall street outrageously being underwritten/guaranteed
by the taxpayers. obama and holder have been empty suits thus far inasmuch as
there has been as yet not even one prosecution! Yet a new bubble for new
commissionable frauds is being encouraged. Preposterous! Comment
on: All Eyes Turn to GM And Its Bondholders at 5/2/2009 7:20 AM EDT While GM et als warrant attention, let us not kid
ourselves. As a nation america is bankrupt in every way! Comment
on: Stocks Up Despite News of First-Quarter Contraction
at 5/2/2009 7:09 AM EDT This is a status report on the health of America’s
Social Security and Medicare system. The conclusions contained in this report
should come as no surprise. The system is bankrupt. It is just a matter of
time. The magnitude of the problem is enormous. The Trustees estimate that
the present value of the unfunded portion is $13.6 trillion. It is virtually
certain that unless the imbalances are addressed in the near future, the U.S.
Legacy Costs will destroy our economy. Comment
on: Ever-Changing Virus Challenges Drugmakers at 5/2/2009 6:25 AM EDT (5-2-09)Even
the Most Minimal of Precautions to Protect americans from such as the Swine
Flu Would Necessarily Require Sealing the Border With mexico Which Would
Accomplish Much, Much More! Comment
on: Obama Emphasizes Sharp Departures From Bush Policies
at 4/30/2009 4:45 AM EDT Paul
Craig Roberts: “America is no longer ruled by the law” Russia Today |
Reviewing his policy, the election honeymoon was not that sweet to begin with
and many in the US seem disappointed. Prominent economist Paul Craig Roberts
is among those. Comment
on: Deaths in U.S. Raid Elicit Anger in Iraq at 4/27/2009 7:49 AM EDT War Crimes and Flawed Policy has destroyed a nation and bankrupted
the transgressor (america) Comment
on: In 2002, Military Agency Warned Against 'Torture'
at 4/27/2009 6:59 AM EDT CIA Ludicrously Claims Torture Prevented Debunked L.A.
Terror Plot As the controversy surrounding revelations of the Bush
administration’s torture program builds, the CIA has attempted to diffuse the
furore by claiming that the torture of Khalid Sheik Mohammed prevented a
terror attack on an L.A. skyscraper, a completely ludicrous assertion since
the credibility of the alleged “L.A. attack plot” was debunked by scores of
intelligence http://www.infowars.com Comment
on: With Stress Test Results in Hand, Banks May Need to
Boost Capital at 4/27/2009 6:21
AM EDT 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… Forum
Post: Cautious Spending/Giving In Depression Is Most Prudent
Course at 4/4/2009 8:38 AM EDT Harry
Dent, Jr. Economy will be in a Depression by 2011The 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 2012Nasdaq 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 DeflationInterest Rates will IncreaseU.S. Dollar will DeclineHousing
will Decline by 40 – 60% from Today’s LevelsGreatest Economic and Banking
Crisis since the 1930s will Occur Between 2010 and 2012http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com http://www.albertpeia.com/alresume65393.htmRussell
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
Currencyhttp://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htmRobert 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.http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com http://www.albertpeia.com/alresume65393.htm Forum
Post: The Obama Deception at 4/4/2009 8:33 AM EDT Barack
Obama: The Naked Emperor Shocking but true revelations from David Icke (a
must read) | Vast numbers of people across the world, including many who
should know better, have been duped by the mind-game called Operation
Obama.…. (excerpts) Obama has been the chosen one for a long time, a fact
known only to a few in the deep inner circle, and his relationship with
Brzezinski almost certainly goes back to the start of the 1980s when he
attended the Ivy League, and big-time Illuminati, Columbia University where
Brzezinski was head of the Institute for Communist Affairs. Obama simply will
not talk in any detail about this period. He has been covertly funded and
supported ever since by the Trilateral Commission and its network of
foundations connecting into the Ford Foundation, for whom Obama’s mother
worked. And a question: Does anyone really believe that someone, a ‘man of
the people’, would simply appear from apparently nowhere to run the slickest
and best-funded presidential campaign in American history? He was chosen long
ago by those who wish to enslave the very people that Obama says he wants to
’set free’. The sources of Obama funding read like a Wall Street Who’s Who -
Goldman Sachs, UBS, Citigroup, Credit Suisse, Deutsche Bank, J.P. Morgan
Chase, Morgan Stanley, and so on. No wonder he went back on his pledge to
accept the limitations of public funding for his campaign and instead took
the no-limit option of ‘private’ funding…Then there is the Jewish financier,
George Soros, the multi-billionaire associate of Brzezinski and closely
involved with the funding and marketing of Obama. Soros is a former board
member of the Illuminati’s Council on Foreign Relations and funds the
European Council on Foreign Relations. In short, he is a major insider… You
can certainly see the Soros/Brzezinski techniques in the Obama ‘revolution’
in the United States. It was the complex and secretive network of Soros
foundations and organisations, connected to the intelligence agencies of the
US and Israel, that trained and funded students in the Ukraine, Georgia and
elsewhere in the art of mass protest and overthrowing governments. These
manufactured protests were sold to the world as ‘peoples’ revolutions’, but
it just so happened that when they were over and the old regime was removed
the new leaders were those waiting in the wings all along - the puppets of
Soros, Brzezinski and their associated networks. Obama is just more of the
same, a big smile with strings attached, and controlled completely by the
Illuminati networks that chose him, trained him, sold him and provided his
record funding. It was they who kept his many skeletons under wraps, like the
gay sex and crack cocaine allegations of Larry Sinclair (from affidavit: 1. Who
is Ron Allen that claims to be with your Presidential camp, who is alleged to
claim that someone claiming to represent me called asking for $100,000, to
keep me from coming forward about our (Obama and I) November 1999 encounter
of sex and cocaine use?…), and they will continue to do so as long as he
jumps to their bidding. Obama is just another Banksters’ moll prostituting
himself for fame and power, and that’s why he supported the grotesque
bail-out of the banking system and why he will always put their interests
before the people. His financial advisors are straight from the Wall Street
‘A’ list, including Paul Adolph Volker (Trilateral Commission, Council on
Foreign Relations, Bilderberg Group), the head of the Federal Reserve from
1979 to 1987 and Illuminati to his fingertips. Obama has made him head of the
Economic Recovery Advisory Board, which is dominated by insiders, including
its staff director and chief economist, Austan Goolsbee, a close Obama
associate from the University of Chicago. Goolsbee is an initiate of the
infamous Illuminati Skull and Bones Society at Yale University, which also
includes Boy and Father Bush. It was Goolsbee who told the Canadian
government not to worry about Obama’s attacks on the economic effects of
‘free trade’ agreements because his words were just to win votes in the
election campaign. Another Wall Street insider, the Zionist Timothy Geithner
(Bilderberg Group, Trilateral Commission, Council on Foreign Relations), was
appointed by Obama to be his Treasury Secretary. Geithner was the President
of the New York Federal Reserve Bank, the most powerful in the private
‘Federal’ Reserve cartel that masquerades as America’s ‘central bank’, and he
is a former employee of both the Council on Foreign Relations and the appalling
Kissinger Associates. Obama’s Treasury team locks into the inner circle
around the Zionist Robert Rubin, the Director and Senior Counselor of
Citigroup, co-chairman of the Council on Foreign Relations, and economic
advisor to Obama. Rubin, a member of the Illuminati Bilderberg Group, was the
man behind Citigroup’s strategy of expanding its risk in debt markets which
forced it to be rescued by taxpayers’ money. The very people who caused the
financial crisis are being appointed by Obama to decide how to respond to it
(more taxpayers’ money for them and their
friends)…http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm Comment
on: Another Wallop to the Out of Work at 4/4/2009 7:48 AM EDT ANALYST/FUND MANAGER MARC FABER ON WHETHER BEN BERNANKE
HAS REDEEMED HIMSELF AND WHAT THAT MEANS FOR STOCKS: Comment
on: AIG Discloses $75 Billion in Bailout Payments
at 3/16/2009 4:47 AM EDT This
clearly is a suckers' bear market rally to keep the fraud funds/commissions
flowing! Comment
on: 24 Killed, 45 Injured in Bombings and Shootings Across
Iraq at 10/11/2008 8:17 AM EDT I
survived the Georgian war. Here’s what I saw. Lira Tskhovrebova | Do
americans realize that a military trained and equipped by the US government and
israel attacked a civilian population as they slept in their beds? Comment
on: Worst Week Ever: Dow, S& P Each Fall 18%
at 10/11/2008 8:06 AM EDT America’s
Financial Apocalypse Economists Need to Sit Down and Shut Up Mike Stathis | I
can make a very strong case that the U.S. has been in the early stages of a
silent, modest depression for at least two years. Comment
on: As Economic Crisis Continues, Many People Change the
Subject at 10/11/2008 8:01 AM EDT
The
Insanity of the $700 Billion Giveaway Comment
on: Global Markets Fall Despite Reassurances at 10/11/2008 7:55 AM EDT The New
American Century; Cut short by 92 years They call it the Oedipal Effect. By
obsessive neo-con/israeli attempts to create their desired outcomes, they actually
accomplished the opposite. I warned of this. Global Research | The era of
Superpower America is coming to an end. The financial crisis was the last
straw. Comment
on: What Do Terms 'Bubble,' 'Crash' Really Mean?
at 10/11/2008 7:49 AM EDT NOBEL
PRIZE WINNING ECONOMIST: CRISIS AS BAD AS GREAT DEPRESSION OR WORSE Financial
terrorism: US taxpayers bail out Wall Street criminals $4 trillion plus is
missing through U.S. federal agency accounts managed by the NY Fed RICO
Summary under penalty of perjury to the FBI at their request Report confirms
Israel’s nuclear arsenal Roubini: Rate Cuts Temporarily and Minimally Reduce
Crash Risk, But Dow 7,000 Likely 'Sometime Next Year' Billion-Dollar Fund
Manager; Gold To Hit $2,000, Dow To Sink To 5,000 October 10, 2008 Comment
on: Nightmare on Wall Street at 10/11/2008 7:34 AM EDT (10-10-08)
8,451.19 DOW -678.91 1,649.51 NASDAQ +4.39 899.22 S&P –10.70 [CLOSE- OIL
$86.62 (RECORD TRADING HIGH $147.27) GAS $3.35 (reg. gas in LAND OF FRUITS
AND NUTS $3.48 REG./ $4.22 MID-GRADE/ $4.65 PREM./ $4.53 DIESEL)/ GOLD
$886.51/ SILVER $11.88/ PLATINUM $989/ DOLLAR= .74 EURO, 100 YEN, .58 POUND
STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.88% ..… AP
Business Highlights … ] Absolutely, Absurdly, Ridiculous! Programmed buy
trades into the close to keep the suckers sucked in and commission dollars
flowing (the shameless frauds made money this week on high volume) as yet
again those needful things on wall street say yet 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 , Billion-Dollar
Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000 , GM shares on credit
watch with negative implications by S&P tumble 31 percent to 58-year low
, retail down, unemployment at recession levels, previous session sees modest
losses relative to reality so sell into strength/take profits, get your money
out while you can 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, ..... Comment
on: Global Credit Crisis Hits Home for Local Businesses and
Customers at 10/11/2008 7:17 AM
EDT (10-10-08)
8,451.19 DOW -678.91 1,649.51 NASDAQ +4.39 899.22 S&P –10.70 [CLOSE- OIL
$86.62 (RECORD TRADING HIGH $147.27) GAS $3.35 (reg. gas in LAND OF FRUITS
AND NUTS $3.48 REG./ $4.22 MID-GRADE/ $4.65 PREM./ $4.53 DIESEL)/ GOLD
$886.51/ SILVER $11.88/ PLATINUM $989/ DOLLAR= .74 EURO, 100 YEN, .58 POUND
STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.88% ..… AP
Business Highlights … ] Absolutely, Absurdly, Ridiculous! Programmed buy
trades into the close to keep the suckers sucked in and commission dollars
flowing (the shameless frauds made money this week on high volume) as yet
again those needful things on wall street say yet 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 , Billion-Dollar
Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000 , GM shares on credit
watch with negative implications by S&P tumble 31 percent to 58-year low
, retail down, unemployment at recession levels, previous session sees modest
losses relative to reality so sell into strength/take profits, get your money
out while you can 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: The stock market posted its
eighth consecutive loss in an extremely volatile session, which marked a
fitting end to one of the most tumultuous weeks ever. The S&P 500 settled
with a loss of 1.2%, which was actually a pretty decent result considering
how far it was down at session lows.The S&P 500 plunged 7.7% on the open
with global economic fears driving the selling interest. The index then
quickly bounced back into positive territory, only to retreat toward session
lows in afternoon trade. Then, in the final hour of the session, the S&P
500 rebounded from a loss of 7.3% to a gain of 2.9%, and eventually ended the
day with a loss of 1.2%. Trading volume on the NYSE was one the third
heaviest on record, with 2.95 billion shares exchanging hands.Eight of the
ten economic sectors posted a loss. Small-cap stocks outperformed, with the
Russell 2000 surging 4.7%.Continued tightness of credit markets and
uncertainty regarding the economic outlook fueled the volatility. The TED
spread, which is the difference between what banks charge each other for
three-month dollar loans (three-month Libor) and what the government pays
(three-month T-Bill) rose 40 basis points to 4.64%. For comparison, the TED
spread averaged 0.36% in 2006. The volatility index, which is considered to
reflect market fear, spiked to its highest level on record.Overseas stock
markets, which closed before the U.S. stock market rebounded, saw some of
their worst sessions in decades. In Asian trading, Japan's Nikkei fell 9.6%
and Hong Kong's Hang Seng dropped 7.2%. In Europe, London's FTSE fell 8.9%,
Germany's DAX dropped 7.0% and France's CAC declined 7.7%.In corporate news,
Lehman Brothers bonds were priced at 8.63 cents on the dollar during an
auction by credit default swap (CDS) sellers, according to Creditfixings.com.
In other words, firms that sold protection against Lehman defaulting on its
debt, known as CDS, will be forced to pay 91.37 cents on the dollar to
reimburse those who bought the protection -- resulting in steep losses for
the firms that sold CDS.Separately, Morgan Stanley (MS 9.68, -2.77) and
Goldman Sachs (GS 88.80, -12.55) tumbled 22.3% and 12.4%, respectively, after
the long-term credit ratings of both companies were put on review for a
downgrade at Moody's.Still, the financial sector (7.0%) outperformed, as
traders scooped up the recently beaten up shares of real estate investment
trusts, regional banks (+9.5%) and large diversified firms (+10.2%), such as
JPMorgan Chase (JPM 41.64, +4.96) and Citigroup (C 14.11, +1.18).In earnings news,
General Electric (GE 21.50, +2.49) posted a 10% year-over-year drop in third
quarter earnings per share to $0.45, which met estimates. The company also
said it is on track to meet its full year guidance and will maintain its
dividend for the full year. Shares of GE rallied 13%, helping the industrial
sector outperform with a gain of 1.8%.Commodities plunged 6.7% and oil prices
fell 6.9% to $80.61 per barrel as traders speculated a global economic
slowdown will crimp consumption. The dollar advanced 1.6%, which also played
a role in some of the decline in commodities.The drop in oil prices weighed
on energy stocks, which fell 8.1%.For the week, the Dow, Nasdaq and S&P
500 declined 18.2%, 15.3% and 18.2%, respectively. For the year, the Dow,
Nasdaq and S&P 500 are down 36.3%, 37.8% and 38.8%, respectively. DJ30
-128.00 NASDAQ +4.39 NQ100 -0.4% R2K +4.7% SP400 +0.2% SP500 -10.70 NASDAQ
Adv/Vol/Dec 1356/4.17 bln/1393 NYSE Adv/Vol/Dec 1122/2.95 bln/2284 ..… 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) Comment on: Iran a Nuclear Threat, Bush Insists at 3/21/2008 5:19 AM EDT ISRAEL IS THE NUCLEAR THREAT TIN THE REGION/WORLD
Comment on: Inflation Hits the Poor
Hardest at 3/21/2008 4:59 AM EDT ‘No Income Group Is Untouched, but Staples Are Rising Fastest’
WASHINGTON POST
Comment on: Greenspan Stands His
Ground at 3/21/2008 4:42 AM EDT GREENSPAN: "I don't know of a single example of when interest
rate policy has been successful in suppressing gains in asset prices."
Regarding the current turmoil, Greenspan said that a market crisis was
inevitable. "If it weren't the subprime crisis it would have been
something else," he said. That is because an era was ending that had
seen "disinflationary forces" from developing countries such as
China and a "protracted period" in which there was an
"underpricing of risk." ….. RIIIIIGHT, “ENVY OF ALL THE WORLD” ALAN…..ANYTHING
YOU SAY.
Comment on: Privately, Bush Presses
China Over Crackdown on Tibet at 3/21/2008 4:26 AM EDT THE POT (IN IRAQ) RELUCTANT TO CALL THE KETTLE BLACK
Comment on: Rally Fizzles as S& P,
Dow And Nasdaq Fall Back 2% at 3/20/2008 8:15 PM EDT CLOSING NUMBERS STOCKS/METALS/OIL/COMMENTARY
Comment on: Is the Economy Really
Going to be 'Just Fine' ? at 3/20/2008 8:04 PM EDT NO! NOT AT ALL! NOT EVEN CLOSE!
Comment on: On War's Anniversary, Bush
Cites Progress at 3/20/2008 7:14 AM EDT Middle East Headlines
Comment on: On War's Anniversary, Bush
Cites Progress at 3/20/2008 7:09 AM EDT McCain (who admits he doesn’t understand economics) evinces further
but very significant lack of understanding (bomb everyone) as he modifies his
(suuni) al Qaeda in (shiia) Iran claim
Comment on: Five Years In Iraq at 3/20/2008 6:42 AM EDT WHAT’S GOING ON IN WASHINGTON AND THE MEDIA REGARDING THIS SELF-DESTRUCTIVE
AND NATION DESTROYING CONFLAGRATION IN IRAQ?
Comment on: On War's Anniversary, Bush
Cites Progress at 3/20/2008 6:36 AM EDT WHO’S BUYING THIS CRAP? WHY AREN’T BUSH/CHENEY AND CO. IMPEACHED AND
ON TRIAL FOR WAR CRIMES IN THE HAGUE? Comment on: Major Iraqi Blocs Boycott
Reconciliation Gathering at 3/20/2008 6:30 AM EDT Middle East Headlines
Comment on: Fed Slashes Key Interest
Rate, and Stocks Soar at 3/20/2008 12:56 AM EDT CLOSING NUMBERS STOCKS/METALS/OIL/COMMENTARY
Comment on: Fed Slashes Key Interest
Rate, and Stocks Soar at 3/20/2008 12:52 AM EDT Joseph Stiglitz calls financial crisis worst since 1930s Stiglitz said
it was ironic that former Federal Reserve head Alan Greenspan had said it was
the world’s worst economic problem in the last 50 years, adding, “He is the
source of much of the problem”
Comment on: Fed
Slashes Key Interest Rate, and Stocks Soar at 3/20/2008 12:49 AM EDT Stock Guru Granville: We’re in a Crash Octogenarians Joseph Granville
and Robert Stovall predict the worst. “We’re in a crash,” said Granville.
“This is the worst I’ve seen, and I’ve studied every bit of history all my
life”
Comment on: Behind Cheaper Credit,
Inflation Fears Loom at 3/20/2008 12:43 AM EDT Joseph Stiglitz calls financial crisis worst since 1930s Stiglitz said
it was ironic that former Federal Reserve head Alan Greenspan had said it was
the world’s worst economic problem in the last 50 years, adding, “He is the
source of much of the problem”
Forum Post: U.S. DESTROYED IRAQ,
KILLED OVER A MILLION CIVILIANS AND MUST PAY FOR WAR CRIMES at 3/20/2008 12:38 AM EDT How to Destroy a Country and Get Off Scot-Free Linda Heard,
[email protected] Someone once told me if you're going to tell a lie
make it a whopper based on the premise the more outrageous the lie the more
likely it is to be believed. At the time, I wrote off his advice as hogwash
but as we see from the Iraq debacle, he was right. Five years later, the
deceit continues undiminished and nobody has been held to account. Britain's
Gordon Brown yesterday promised to hold an enquiry into the
"mistakes" made in Iraq. Sounds good, but don't hold your breath.
All previous inquiries have been labeled "whitewashes". They can't
afford the truth to come out else they might get a one-way ticket to The
Hague.Ambassador David Satterfield, and adviser to Secretary of State
Condoleezza Rice, is doing the rounds of talk shows lauding America's
victories over Al-Qaeda in Iraq. On one occasion the host interjected to
mention the unpalatable fact that Al-Qaeda members only flocked to Iraq once
the Americans were in place leaving Satterfield momentarily nonplussed.It's
obvious that Satterfield is so saturated in the party line he forgot the
Pentagon's recently published study that found with certainty that Saddam
Hussein had absolutely no links to Al-Qaeda. And lest we forget Saddam didn't
have WMD either, which means not only was the war immoral the prewar
sanctions on that country that contributed to the deaths of over
half-a-million Iraqi children were too. Think about it for a moment. The
warmongers invaded, crushed and occupied a country that was no threat to
anyone. They stood by as it was looted, exacerbated sectarianism, flattened
entire towns, tortured untold numbers of innocents, brought in gum-chewing,
tattooed foreign mercenaries and paid crony companies billions of dollars for
mythical reconstruction projects.They then pretended to hand over sovereignty
to that country while at the same time constructing permanent bases and the
biggest US Embassy in history resembling a small town. They said they had no
interest in Iraq's oil, yet they are putting immense pressure on the Iraqi
government (sic) to sign into law a bill that permits foreign (read American)
oil companies to lock up decades-long deals. Let's be frank. Iraq wasn't a
blunder, it was a crime. So how did they manage to get away with implanting
their long-conceived plot to do away with Israel's No. 1 foe, ensure their
competitors couldn't get their hands on Iraq's resources and entrench their
military might in the region? Future historians will no doubt be scratching
their heads over this one. You had to live through it to believe it.First,
they cleverly used the politics of fear to sway public opinion. As noted in
the Project for the New American Century's document "Rebuilding America's
Defenses", the warmonger signatories - who later became senior members
of the Bush administration - needed "a new Pearl Harbor". On Sept.
1l 2001 they got it. Americans and their allies were in shock. Almost every
country in the world was sympathetic and willing to do anything to help. And,
boy, did they capitalize on that empathy even managing to persuade Russia to
stay silent as they made deals with Caspian states to allow US bases.Step one
was a country where a giant bogeyman was supposed to be hiding out in a cave
presumably equipped with a dialysis machine and a production studio and whose
black-turbaned government forced women to wear a burqa and disallowed nail
polish. But then Defense Minister Donald Rumsfeld was disappointed because
there weren't enough targets for his bombs. It was no fun bombing a country
into the Stone Age when it was already there.Step two was the insidious
demonizing of Muslims, thousands of whom were arrested and held for months
without charge or access to lawyers. In that climate of fear, it was
relatively simple to persuade the American people that Saddam Hussein was
conniving with the people who brought down the World Trade Center. US
officials warned of mushroom clouds; Prime Minister Tony Blair said British
interests could be attacked within 45 minutes of Saddam giving the order.
Then Secretary of State Colin Powell allowed himself to be used as their fall
guy. He spouted the most unbelievable scripted codswallop the UN had ever
heard...yet, bullied and bribed nation after nation pretended to believe him
as IAEA chief Mohammed El-Baradei and UN weapons inspector Hans Blix did
little to discredit the hoax.Step three entailed replacing Osama in people's
minds with Saddam, who overnight morphed into a hydra-headed monster whose idea
of a pleasant weekend was gassing and torturing his own people.Step four was
'Shock and Awe' which illuminated the Baghdad skyline on March 19, 2003. As
their bombs and missiles rained down on crowded market places scattering
limbs, they told us those bombs and missiles were Saddam's even though the
Independent's Middle East correspondent inconveniently dug up their Made in
the USA shards.As the months went on, we began to wonder what happened to the
WMD. They told us it was only a matter of time before it would be unearthed
from under the sands or discovered in a tunnel under one of Saddam's palaces.
They even suggested it may have been shipped off to a neighboring country for
safekeeping!!Step five was an orchestrated administration campaign to inject us
with mass amnesia. Never mind about the weapons, they said. We are here to
liberate the poor Iraqi people from their evil dictator and deliver freedom
and democracy. Look, look, they said. The Iraqis have purple fingers! With up
to one million dead, Iraqis are lucky they have any fingers at all.To be
fair, they couldn't have done it without the aid of a compliant, supine
media, which embedded its reporters with US battalions and agreed not to show
captured US soldiers, flag-draped coffins, military funerals or scenes of
blood-soaked Iraqi civilians. Independent reporters who neglected to abide by
the script were discredited, refused access to information and even shelled.I
still recall a live report from David Chater of Sky News, who saw the barrel
of a US tank slowly turn toward the Palestine hotel - known to be a
journalist's hang-out - before firing its shell killing three reporters. The
Baghdad offices of Al-Jazeera and Al-Arabiya were also hit.With so much
information on tap I'm flabbergasted that so many people still believe the
Iraq fairytale. I wish they'd get in touch with me. I've got a few pyramids
and a sphinx going cheap. Sad, isn't
it!http://www.albertpeia.comhttp://www.albertpeia.com/currentopics10108.htmhttp://www.albertpeia.com/wallstreetlunacy10108.htm
Forum Post: Re: Should the Violence in
Tibet Cause Bush and Other World Leaders to Rethink their Olympic Visits? at 3/20/2008 12:33 AM EDT YES! Boycott china Olympics and productsVIOLENCE AGAINST THE OPPRESSED
TIBETANS IS UNACCEPTABLE.Olympics clean up Chinese style: Inside Beijing's
shocking death camp for catsThousands of pet cats in Beijing are being
abandoned by their owners and sent to die in secretive government pounds as
China mounts an aggressive drive to clean up the capital in preparation for
the Olympic Games. Hundreds of cats a day are being rounded and crammed into
cages so small they cannot even turn around. Then they are trucked to what
animal welfare groups describe as death camps on the edges of the city.
http://www.albertpeia.comhttp://www.albertpeia.com/currentopics10108.htmhttp://www.albertpeia.com/wallstreetlunacy10108.htm
Comment on: Behind Cheaper Credit, Inflation
Fears Loom at 3/20/2008 12:26 AM EDT FINANCIAL NEWS HEADLINES
Comment on: Behind
Cheaper Credit, Inflation Fears Loom at 3/20/2008 12:21 AM EDT CLOSING NUMBERS STOCKS/METALS/OIL/COMMENTARY
Comment on: Five Years In Iraq at 3/19/2008 2:02 AM EDT UNSPEAKABLE CRIMES Comment on: Major Iraqi Blocs Boycott
Reconciliation Gathering at 3/19/2008 1:58 AM EDT International war criminals israeli warship 'enters Lebanese
waters'...
Comment on: A U.S. DIPLOMAT at 3/19/2008 1:27 AM EDT RIDICULOUS! COMING FROM THE TRAUMATICALLY FAILED STATE OF AMERICA, AT
LEAST HE KNOWS ABOUT THAT.
Forum Post: How to Destroy a Country
and Get Off Scot-Free (5 STEPS) at 3/19/2008 1:14 AM EDT How to Destroy a Country and Get Off Scot-Free Linda Heard,
[email protected] Someone once told me if you're going to tell a lie
make it a whopper based on the premise the more outrageous the lie the more
likely it is to be believed. At the time, I wrote off his advice as hogwash
but as we see from the Iraq debacle, he was right. Five years later, the
deceit continues undiminished and nobody has been held to account. Britain's
Gordon Brown yesterday promised to hold an enquiry into the
"mistakes" made in Iraq. Sounds good, but don't hold your breath.
All previous inquiries have been labeled "whitewashes". They can't
afford the truth to come out else they might get a one-way ticket to The
Hague.Ambassador David Satterfield, and adviser to Secretary of State
Condoleezza Rice, is doing the rounds of talk shows lauding America's
victories over Al-Qaeda in Iraq. On one occasion the host interjected to
mention the unpalatable fact that Al-Qaeda members only flocked to Iraq once
the Americans were in place leaving Satterfield momentarily nonplussed.It's
obvious that Satterfield is so saturated in the party line he forgot the
Pentagon's recently published study that found with certainty that Saddam
Hussein had absolutely no links to Al-Qaeda. And lest we forget Saddam didn't
have WMD either, which means not only was the war immoral the prewar
sanctions on that country that contributed to the deaths of over
half-a-million Iraqi children were too. Think about it for a moment. The
warmongers invaded, crushed and occupied a country that was no threat to
anyone. They stood by as it was looted, exacerbated sectarianism, flattened
entire towns, tortured untold numbers of innocents, brought in gum-chewing,
tattooed foreign mercenaries and paid crony companies billions of dollars for
mythical reconstruction projects.They then pretended to hand over sovereignty
to that country while at the same time constructing permanent bases and the
biggest US Embassy in history resembling a small town. They said they had no
interest in Iraq's oil, yet they are putting immense pressure on the Iraqi
government (sic) to sign into law a bill that permits foreign (read American)
oil companies to lock up decades-long deals. Let's be frank. Iraq wasn't a
blunder, it was a crime. So how did they manage to get away with implanting
their long-conceived plot to do away with Israel's No. 1 foe, ensure their
competitors couldn't get their hands on Iraq's resources and entrench their
military might in the region? Future historians will no doubt be scratching
their heads over this one. You had to live through it to believe it.First,
they cleverly used the politics of fear to sway public opinion. As noted in
the Project for the New American Century's document "Rebuilding
America's Defenses", the warmonger signatories - who later became senior
members of the Bush administration - needed "a new Pearl Harbor".
On Sept. 1l 2001 they got it. Americans and their allies were in shock.
Almost every country in the world was sympathetic and willing to do anything
to help. And, boy, did they capitalize on that empathy even managing to
persuade Russia to stay silent as they made deals with Caspian states to
allow US bases.Step one was a country where a giant bogeyman was supposed to
be hiding out in a cave presumably equipped with a dialysis machine and a
production studio and whose black-turbaned government forced women to wear a
burqa and disallowed nail polish. But then Defense Minister Donald Rumsfeld
was disappointed because there weren't enough targets for his bombs. It was
no fun bombing a country into the Stone Age when it was already there.Step
two was the insidious demonizing of Muslims, thousands of whom were arrested
and held for months without charge or access to lawyers. In that climate of
fear, it was relatively simple to persuade the American people that Saddam
Hussein was conniving with the people who brought down the World Trade
Center. US officials warned of mushroom clouds; Prime Minister Tony Blair
said British interests could be attacked within 45 minutes of Saddam giving
the order. Then Secretary of State Colin Powell allowed himself to be used as
their fall guy. He spouted the most unbelievable scripted codswallop the UN
had ever heard...yet, bullied and bribed nation after nation pretended to
believe him as IAEA chief Mohammed El-Baradei and UN weapons inspector Hans
Blix did little to discredit the hoax.Step three entailed replacing Osama in
people's minds with Saddam, who overnight morphed into a hydra-headed monster
whose idea of a pleasant weekend was gassing and torturing his own
people.Step four was 'Shock and Awe' which illuminated the Baghdad skyline on
March 19, 2003. As their bombs and missiles rained down on crowded market
places scattering limbs, they told us those bombs and missiles were Saddam's
even though the Independent's Middle East correspondent inconveniently dug up
their Made in the USA shards.As the months went on, we began to wonder what
happened to the WMD. They told us it was only a matter of time before it
would be unearthed from under the sands or discovered in a tunnel under one
of Saddam's palaces. They even suggested it may have been shipped off to a
neighboring country for safekeeping!!Step five was an orchestrated
administration campaign to inject us with mass amnesia. Never mind about the
weapons, they said. We are here to liberate the poor Iraqi people from their
evil dictator and deliver freedom and democracy. Look, look, they said. The
Iraqis have purple fingers! With up to one million dead, Iraqis are lucky
they have any fingers at all.To be fair, they couldn't have done it without
the aid of a compliant, supine media, which embedded its reporters with US
battalions and agreed not to show captured US soldiers, flag-draped coffins,
military funerals or scenes of blood-soaked Iraqi civilians. Independent
reporters who neglected to abide by the script were discredited, refused
access to information and even shelled.I still recall a live report from
David Chater of Sky News, who saw the barrel of a US tank slowly turn toward
the Palestine hotel - known to be a journalist's hang-out - before firing its
shell killing three reporters. The Baghdad offices of Al-Jazeera and
Al-Arabiya were also hit.With so much information on tap I'm flabbergasted
that so many people still believe the Iraq fairytale. I wish they'd get in
touch with me. I've got a few pyramids and a sphinx going cheap. Sad, isn't
it!http://www.albertpeia.comhttp://www.albertpeia.com/currentopics10108.htmhttp://www.albertpeia.com/wallstreetlunacy10108.htm
Comment on: Dalai Lama Airs Prospect
of Quitting at 3/19/2008 1:08 AM EDT CALLS MOUNT FOR OLYMPIC CEREMONY BOYCOTT
Comment on: Fed Slashes Key Interest
Rate, and Stocks Soar at 3/19/2008 1:04 AM EDT THE FINANCIAL HEADLINES
Comment on: Bush Maintains Cautious
Optimism on Economy at 3/19/2008 12:57 AM EDT IN ADDITION TO BEING A WAR CRIMINAL WHO SHOULD BE TRIED AT THE HAGUE,
AND WHO SHOULD BE IMPEACHED, AND IS A FAILED PRESIDENT, BUSH IS A MORON
Comment on: Financial Stocks Lead Wall
Street Turnabout at 3/19/2008 12:52 AM EDT OH, MAGREENSPAN, You’ve Done It Again!'
Comment on: Fed
Slashes Key Interest Rate, and Stocks Soar at 3/19/2008 12:41 AM EDT CLOSING NUMBERS STOCKS/METALS/OIL/COMMENTARY
Comment on: Chinese
Police Tighten Grip on Tibet's Capital at 3/17/2008 10:00 PM EDT BOYCOTT CHINA OLYMPICS AND PRODUCTS
Comment on: Cheney Visits Baghdad and
Praises War Effort; Bomb Kills 40 in Karbala at 3/17/2008 9:54 PM EDT US Military committed War Crimes in Fallujah: Open Letter to the
International Criminal Court of Justice I believe that there is sufficient
evidence to launch an investigation into what happpened in Fallujah, Iraq in
2004. I pray that you will agree and take all necessary steps to ensure that
justice is served Comment on: A Taste for Continental
Currency at 3/17/2008 9:49 PM EDT GREENSPAN: MY FINANCIAL MESS WORST SINCE WWII...
Comment on: Housing Crunch Flattens
More Companies at 3/17/2008 9:42 PM EDT THE HEADLINES
Comment on: Economy:
The Fed Steps In at 3/17/2008 9:38 PM EDT CLOSING NUMBERS STOCKS/METALS/OIL/COMMENTARY
Comment on: Fed Takes Broad Action to
Avert Financial Crisis at 3/17/2008 9:31 PM EDT Gulf States Creep Away From Plunging Dollar March 17, 2008
Comment on: A
Bear Stearns Market at 3/17/2008 9:27 PM EDT Leading Economic Writer: Financial Meltdown A "Gigantic
Fraud" March 17, 2008
Comment on: A
Bleak Mood At Bear Stearns at 3/17/2008 8:49 PM EDT CLOSING NUMBERS STOCKS/METALS/OIL/COMMENTARY
Comment on: Palestinian Forces'
Training Marred by Delays, Politics at 3/15/2008 9:07 AM EDT Tel Aviv Seeks to Use american funds that america doesn’t have to
further alienate important Arab Allies to buy F-22 Jet Fighters to commit
more war crimes
Forum Post: Bush Family Nazi Ties at 3/15/2008 9:03 AM EDT Bush Family Nazi Ties Google Video | Investigative journalist John
Buchanan explains how the Bush crime family supported Hitler and the Nazis, a
historical fact completely ignored by the corporate
media.http://www.infowars.com/?p=816 http://www.albertpeia.comhttp://www.albertpeia.com/currentopics10108.htmhttp://www.albertpeia.com/wallstreetlunacy10108.htm
Comment on: Spitzer to Step Down as
N.Y. Governor at 3/15/2008 8:56 AM EDT Spitzer taken down by Mossad?
Comment on: NATION
IN BRIEF at 3/15/2008 8:51 AM EDT Taxman gets power to turn up unannounced to homes and demand to see
records Comment on: Dollar Squeezed From All
Sides at 3/15/2008 8:43 AM EDT Leading Economist: Dollar Faces Outright Collapse Another prominent
economist has warned that the bottom may soon drop out of the dollar
completely as the currency hits fresh lows and continues to sink worldwide.
Comment on: On
Wall Street, the President Steers Clear of 'Recession' at 3/15/2008 8:38 AM EDT
Comment on: Fed
Comes To Rescue As Wall St. Giant Slips at 3/15/2008 8:34 AM EDT Largest government bailout of securities firm....
Comment on: Stocks
Dive On News of Turmoil at Bear Stearns at 3/15/2008 8:29 AM EDT CLOSING NUMBERS STOCKS/METALS/OIL/COMMENTARY
Comment on: A New Economic Order at 3/14/2008 4:49 AM EDT The fed’s election-year plan will fail
Forum Post: 5 Reasons the fed’s
election-year plan will fail at 3/14/2008 4:45 AM EDT how 'bout this list:5 Reasons the Fed's Credit Bailout Will Likely
Disappoint Matt BlackmanWhile stock traders began to party again after
hearing news of the Fed March 12 credit bailout, currency traders were
betting it wouldn't work. After staging a brief rally on Tuesday, the US
dollar fell to a new all-time low against the euro Wednesday as confidence
that the Fed move would solve the credit crisis and economic fallout proved
short-lived. Hopes have run high that the $250 bailout would prove the
requisite panacea by stock investors prompting many to call a bottom in
stocks. But here are five reasons why they will probably be disappointed. 1)
Much more subprime pain to come - According to a Bloomberg article from March
11, Even after downgrading almost 10,000 subprime-mortgage bonds, Standard
& Poor's and Moody's Investors Service haven't cut the ones that matter
most: AAA securities that are the mainstays of bank and insurance company
investments. None of the 80 AAA securities in ABX indexes that track subprime
bonds meet the criteria S&P had even before it toughened ratings
standards in February, according to data compiled by Bloomberg. A bond sold
by Deutsche Bank AG in May 2006 is AAA at both companies even though 43
percent of the underlying mortgages are delinquent. Sticking to the rules
would strip at least $120 billion in bonds of their AAA status, extending the
pain of a mortgage crisis that's triggered $188 billion in writedowns for the
world's largest financial firms. AAA debt fell as low as 61 cents on the
dollar after record home foreclosures and a decline to AA may push the value
of the debt to 26 cents, according to Credit Suisse Group. "The fact
that they've kept those ratings where they are is laughable," said Kyle
Bass, chief executive officer of Hayman Capital Partners, a Dallas-based
hedge fund that made $500 million last year betting lower-rated
subprime-mortgage bonds would decline in value. "Downgrades of AAA and
AA bonds are imminent, and they're going to be significant." So what happens
to the Fed requirement that any collateral exchanged for Treasuries not be
subject to a downgrade? According to the article, all but six of the 80 AAA
ABX subprime bonds failed an S&P test for investment grade status. As I
understand the program, they should NOT qualify for the Fed collateral
exchange. 2) Home price declines are still accelerating. This means that
bonds that qualify as investment grade today have a better than 50-50 chance
of not qualifying tomorrow. Rating agencies essentially discounted the probability
of housing price declines. How can the Fed (and taxpayers who risk picking up
the tab) trust them now? 3) The Fed bailout allows that mortgage bonds be
used as collateral for a 28 day period. What happens when the 28 day period
elapses? The Fed has also said it would discount the value of bond
collateral. By how much? Do banks get to discount them again before taking
them back after the 28 day period has elapsed? I trust that the Fed has no
plans to be the buyer of final resort for this junk. It would mean this
liability would ultimately be passed on to the taxpayer. But even giving
Bernanke & Co the benefit of the doubt, this solution is very short-term
in scope. And what happens when its over and $200 billion in bonds have been
exchanged? 4) The current housing (and credit) bubbles took years to form and
were powered by the creation of trillions in derivatives. The credit default
swap market alone doubled every in 2006 and 2007 and at latest count had
grown to more than $40 trillion. The chances that any bailout attempts by
government or quasi government agency like the Fed will re-inflate these
bubbles are effectively zero. The latest estimate by Friedman, Billings and
Ramsey is that the $11 trillion mortgage market needs about $1 trillion in
new investment to halt the slide in bond prices that began last year. But
that estimate assumes that payments on more than 90% of US mortgages will
remain current - Is this realistic assumption given the scope of home price
declines and the amount of zero down, no doc, lier mortgages etc. that were
issued? Probably not. What motivation do those who made little or now down
payment have to maintain their payments on a home that has dropped below the
mortgage amount? 5) Can this bailout halt the economic slide that my
indicators are telling me will result in a recession? (see this post) Can
they reverse the economic cycle? Certainly not on both counts if history is
any guide. More likely, the latest stock run is nothing more than a
predictable bear market rally that will quickly evaporate, just like those
that resulted from past bailout hopes have done since November. As Joseph
Mason commented in a Bloomberg interview March 12, all Fed efforts so far
have focused on providing liquidity but they do nothing to address credit
losses. Someone has to take those losses including homeowners, consumers as
well as banks, lenders, hedge funds etc. And those losses are far from over.
And so far, the only credit problems being discussed are mortgage related.
What about commercial, car, student, credit card, M&A, LBO and other loan
markets? What happens when they begin to blow
up?http://www.albertpeia.comhttp://www.albertpeia.com/currentopics10108.htmhttp://www.albertpeia.com/wallstreetlunacy10108.htm
Forum Post: Islamic body wants
Israelis tried for war crimes. at 3/14/2008 4:41 AM EDT Islamic body wants Israelis tried for war crimes.Long
overdue!http://www.albertpeia.comhttp://www.albertpeia.com/currentopics10108.htmhttp://www.albertpeia.com/wallstreetlunacy10108.htm
Comment on: Plan
Aims to Restore Faith in the Economy at 3/14/2008 4:20 AM EDT The fed’s election-year plan will fail
Comment on: The Dream-Ticket Fantasy at 3/13/2008 9:36 PM EDT
Forum Post: 'Magic is over' for USA,
says foreign minister of France... at 3/13/2008 9:06 PM EDT Iraq, Afghanistan veterans to reveal war atrocities and 'some pretty
f**ked-up sh*t' …..As the war in Iraq approaches its fifth anniversary, veterans
of that conflict and the war in Afghanistan will give first-hand accounts,
supported by photographs and video evidence, of the true nature of the wars,
including attacks the vets say killed innocent civilians.…..The group says
that potentially explosive photos and video from Iraq displayed at this
Winter Soldier investigation will help "expose the human consequences of
failed policy" in the war zones…..
http://prisonplanet.com/articles/march2008/130308_b_atrocities.htm 'Magic is
over' for USA, says foreign minister of
France...http://www.albertpeia.comhttp://www.albertpeia.com/currentopics10108.htmhttp://www.albertpeia.com/wallstreetlunacy10108.htm
Forum Post: Re:
Has the US Lost the Moral High Ground on Torture? at 3/13/2008 9:04 PM EDT The US cannot lose what, beyond propaganda, the US never really
had.http://www.albertpeia.comhttp://www.albertpeia.com/currentopics10108.htmhttp://www.albertpeia.com/wallstreetlunacy10108.htm
Comment on: Public Is Less Aware of
Iraq Casualties, Study Finds at 3/13/2008 8:31 PM EDT PENTAGON BLOCKS RELEASE OF REPORT OF NO PRE-IRAQ WAR LINK BETWEEN
HUSSEIN AND AL QAEDA.
Comment on: Stocks
Surge as Fed Offers A Boost at 3/13/2008 8:25 PM EDT SELL INTO THE SUCKERS’ BEAR MARKET RALLY/TAKE PROFITS
Comment on: Plan
Aims to Restore Faith in the Economy at 3/13/2008 8:14 PM EDT CLOSING NUMBERS STOCKS/METALS/OIL/COMMENTARY
Comment on: Financial
Futures at 3/12/2008 9:48 PM EDT Why the US has really gone broke Chalmers Johnson | There is an
enormous anomaly in the US economy beyond the subprime mortgage crisis, the
housing bubble and the prospect of recession: 60 years of misallocation of
resources, and borrowings, to the establishment and maintenance of a
military-industrial complex.
Comment on: Are We Closer to War? at 3/12/2008 9:36 PM EDT "Almost Every Senior Military Officer ... is Against Military
Strikes Against Iran"
Comment on: Carlyle Founders Consider
Cash Infusion at 3/12/2008 9:22 PM EDT Ex-DEA Head Admits CIA Imported Cocaine
Comment on: Stocks
Surge as Fed Offers A Boost at 3/12/2008 8:29 PM EDT CLOSING NUMBERS STOCKS/METALS/OIL/COMMENTARY Comment on: Eight
U.S. Soldiers Die in Iraq Attacks at 3/12/2008 12:46 AM EDT Top military commander for Middle East resigns; split over Iran...
Comment on: KBR Faulted on Water
Provided to Soldiers at 3/12/2008 12:38 AM EDT The Queen's Death Star: Depleted Uranium Measured ...
Comment on: Stocks
Surge as Fed Offers A Boost at 3/11/2008 11:58 PM EDT SMART MONEY WOULD SELL THIS RALLY/TAKE PROFITS. Suckers’ bear market
rally!
Comment on: Stocks
Surge as Fed Offers A Boost at 3/11/2008 11:46 PM EDT CLOSING NUMBERS STOCKS/METALS/OIL/COMMENTARY
Comment on: Hillary Clinton, Through a
Lens Wrongly at 3/10/2008 9:24 PM EDT Clintons In “what have they been smoking moment” push a Hillary/Obama
ticket.
Comment on: The Iraq War Will Cost Us
$3 Trillion, and Much More at 3/10/2008 9:20 PM EDT GET OUT OF THE DOLLAR AND U.S. STOCKS
Forum Post: TOO MUCH LOVE POTION 4
NUMBER 9 at 3/10/2008 9:09 PM EDT TOO MUCH LOVE POTION 4 NUMBER 9 [ELLIOT SPITZER – SQUEAKY CLEAN IN
NY/NJ IS STILL VERY DIRTY – AND HIS “RATING” HIGHLIGHTED UNSAFE (SADISTIC?)
SEX]I KNEW SOMETHING WAS WRONG WITH THIS GUY WHEN I LEARNED THAT ANDY 'OF THE
QUEENS,N.Y. MAFIA CONNECTED (CUOMOS)' COUMO WAS HIS CHOSEN ATTORNEY
GENERAL.http://www.albertpeia.comhttp://www.albertpeia.com/currentopics10108.htmhttp://www.albertpeia.com/wallstreetlunacy10108.htm
Comment on: Post Politics Hour at 3/10/2008 6:36 AM EDT IT'S TIME TO CALL IN HATCHET MEN AGAINST THE CLINTONS
Comment on: Post
Politics Hour at 3/10/2008 6:34 AM EDT Dick Morris to Hillary: IT'S ALIVE AND OVER FOR YOU... Comment on: Post
Politics Hour at 3/10/2008 6:13 AM EDT It’s alive! Sullivan: The Clintons, a horror film that never ends...
Comment on: Waiting
for February Sales and Inflation at 3/9/2008 7:31 AM EDT WE’VE BEEN IN RECESSION; CLOSING NUMBERS STOCKS/METALS/OIL/COMMENTARY
Comment on: Debate on Economy Grows
More Urgent at 3/9/2008 7:25 AM EDT All the World's a Bubble/ the US is already bankrupt
Forum Post: CLINTON
BODY COUNT at 3/9/2008 6:06 AM EDT How 'bout this list:John F. Kennedy Jr.Potential Candidate for Senator
from New York.died: 7/16/99 Within days of an NBC Dateline story hinting at a
possible run for the Senate seat currently assumed to be the property of
Hillary Clinton, JFK Jr. and his wife and sister-in-law died when the Piper
Saratoga II TC JFK Jr. was piloting crashed in to the ocean just short of
Martha’s Vineyard. The NEWSWEEK issue for the following Monday, which NBC
Dateline had reported would announce JFK Jr’s candidacy, was yanked from
distributors and destroyed. Even before the wreckage of the plane had been
found, the media was saturated with news stories declaring the weather to
have been very hazy (the weather was VFR conditions, and 8 mile visibility,
plus weather radar and witnesses on Martha’s Vineyard all reported clear
skies) making it impossible for JFK Jr. to know which way was up (he also had
working instruments in the aircraft). As was the case when TWA 800 was shot
down, the United States Navy took control of the crash site, ordering an
unprecidented 5 mile wide no-fly zone while the wreckage of the aircraft was
recovered and taken to a military base. Reporters Cindy Adams and Andrew Goldman
have documented the planting of false information about JFK Jr. in the media
in the days following his crash. The feeding of false information to the
press proves there is a cover-up. The existance of a cover-up is why JFK Jr.
gets an entry on the Dead Bodies List. According to some reports, Mrs.
Kennedy was pregnant.CLINTON BODY COUNTBy: Ether Zone StaffHere is the latest
body count that we have. All of these people have been connected with the
Clintons in some form or another. We have not included any deaths that could
not be verified or connected to the Clinton scandals. All deaths are listed
chronologically by date. This list is current and accurate to the best of our
knowledge as of January 13, 1999 August 1, 2000.Susan Coleman: Rumors were
circulating in Arkansas of an affair with Bill Clinton. She was found dead
with a gunshot wound to the head at 7 1/2 months pregnant. Death was an
apparent suicide. Larry Guerrin: Was killed in February 1987 while
investigating the INSLAW case. Kevin Ives & Don Henry: Initial cause of
death was reported to be the result of falling asleep on a railroad track in
Arkansas on August 23, 1987. This ruling was reported by the State medical
examiner Fahmy Malak. Later it was determined that Kevin died from a crushed skull
prior to being placed on the tracks. Don had been stabbed in the back. Rumors
indicate that they might have stumbled upon a Mena drug operation. Keith
Coney: Keith had information on the Ives/Henry deaths. Died in a motorcycle
accident in July 1988 with unconfirmed reports of a high speed car chase.
Keith McKaskle: McKaskle has information on the Ives/Henry deaths. He was
stabbed to death in November 1988. Gregory Collins: Greg had information on
the Ives/Henry deaths. He died from a gunshot wound to the face in January
1989. Jeff Rhodes: He had information on the deaths of Ives, Henry &
McKaskle. His burned body was found in a trash dump in April 1989. He died of
a gunshot wound to the head and there was some body mutilation, leading to
the probably speculation that he was tortured prior to being killed. James
Milam: Milam had information on the Ives & Henry deaths. He was
decapitated. The state Medical examiner, Fahmy Malak, initially ruled death
due to natural causes. Richard Winters: Winters was a suspect in the deaths
of Ives & Henry. He was killed in a "robbery" in July 1989
which was subsequently proven to be a setup. Jordan Kettleson: Kettleson had
information on the Ives & Henry deaths. He was found shot to death in the
front seat of his pickup in June 1990. Alan Standorf: An employee of the
National Security Agency in electronic intelligence. Standorf was a source of
information for Danny Casalaro who was investigating INSLAW, BCCI, etc.
Standorf's body was found in the backseat of a car at Washington National
Airport on Jan 31, 1991. Dennis Eisman: An attorney with information on
INSLAW. Eisman was found shot to death on April 5, 1991. Danny Casalaro:
Danny was a free-lance reporter and writer who was investigating the
"October Surprise", INSLAW and BCCI. Danny was found dead in a
bathtub in a Sheraton Hotel room in Martinsburg, West Virginia. Danny was
staying at the hotel while keeping appointments in the DC area pertinent to
his investigation. He was found with his wrists slashed. At least one, and
possibly both of his wrists were cut 10 times. All of his research materials
were missing and have never been recovered. Victor Raiser: The National
Finance Co-Chair for "Clinton for President." He died in a airplane
crash on July 30, 1992. R. Montgomery Raiser: Also involved in the Clinton
presidential campaign. He died in the same plane crash as Victor. Paul Tully:
Tulley was on the Democratic National Committee. He was found dead of unknown
causes in his hotel room on September 24, 1992. No autopsy was ever allowed.
Ian Spiro: Spiro had supporting documentation for grand jury proceedings on
the INSLAW case. His wife and 3 children were found murdered on November 1,
1992 in their home. They all died of gunshot wounds to the head. Ian's body
was found several days later in a parked car in the Borego Desert. Cause of
death? The ingestion of cyanide. FBI report indicated that Ian had murdered
his family and then committed suicide. Paula Gober: A Clinton speech writer.
She died in a car accident on December 9, 1992 with no known witnesses. Jim
Wilhite: Wilhite was an associate of Mack McClarty's former firm. Wilhite
died in a skiing accident on December 21, 1992. He also had extensive ties to
Clinton with whom he visited by telephone just hours before his death. Steve
Willis, Robert Williams, Todd McKeahan & Conway LeBleu: Died Feburary 28,
1993 by gunfire at Waco. All four were examined by a pathologist and died
from identical wounds to the left temple. All four had been body guards for
Bill Clinton, three while campaigning for President and when he was Governor
of Arkansas.They also were the ONLY 4 BATF agents killed at Waco. Sgt. Brian
Haney, Sgt. Tim Sabel, Maj. William Barkley, Capt. Scott Reynolds: Died: May
19, 1993 - All four men died when their helicopter crashed in the woods near
Quantico, Va. - Reporters were barred from the site, and the head of the fire
department responding to the crash described it by saying, "Security was
tight," with "lots of Marines with guns." A videotape made by
a firefighter was seized by the Marines. All four men had escorted Clinton on
his flight to the carrier Roosevelt shortly before their deaths. John
Crawford: An attorney with information on INSLAW. He died from a heart attack
in Tacoma in April of 1993. John Wilson: Found dead from an apparent hanging
suicide on May 18, 1993. He was a former Washington DC council member and
claimed to have info on Whitewater.Paul Wilcher: A lawyer who was
investigating drug running out of Mena, Arkansas and who also sought to
expose the "October Surprise", BCCI and INSLAW. He was found in his
Washington DC apartment dead of unknown causes on June 22, 1993. Vincent
Foster: A White House deputy counsel and long-time personal friend of Bill
and Hillary's. Found on July 20, 1993, dead of a gunshot wound to the mouth
-- a death ruled suicide. Many different theories on this case! Readers are
encouraged to read our report in Strange Deaths.Jon Parnell Walker: An
investigator for the RTC who was looking into the linkage between the
Whitewater and Madison S&L bankruptcy. Walker "fell" from the
top of the Lincoln Towers Building. Stanley Heard & Steven Dickson: They
were members of the Clinton health care advisory committee. They died in a
plane crash on September 10, 1993. Jerry Luther Parks: Parks was the Chief of
Security for Clinton's national campaign headquarters in Little Rock. Gunned
down in his car on September 26, 1993 near the intersection of Chenal Parkway
and Highway 10 west of Little Rock. Parks was shot through the rear window of
his car. The assailant then pulled around to the driver's side of Park's car
and shot him three more times with a 9mm pistol. His family reported that
shortly before his death, they were being followed by unknown persons, and
their home had been broken into (despite a top quality alarm system). Parks
had been compiling a dossier on Clinton's illicit activities. The dossier was
stolen. Ed Willey: A Clinton fundraiser. He died of a self-inflicted gunshot
wound on November 30, 1993. His death came the same day his wife, Kathleen,
was sexually assaulted in the White House by Bill Clinton.Gandy Baugh: Baugh
was Lasater's attorney and committed suicide on January 8, 1994. Baugh's
partner committed suicide exactly one month later on February 8, 1994.
Herschell Friday: A member of the presidential campaign finance committee. He
died in an airplane explosion on March 1, 1994. Ronald Rogers: Rogers died on
March 3, 1994 just prior to releasing sensitive information to a London
newspaper. Cause of death? Undetermined. Kathy Furguson: A 38 year old
hospital worker whose ex-husband is a co- defendant in the Paula Jones sexual
harassment law suit. She had information supporting Paula Jone's allegations.
She died of an apparent suicide on May 11, 1994 from a gunshot wound to the
head. Bill Shelton: Shelton was an Arkansas police officer and was found dead
as an apparent suicide on kathy Ferguson's grave (Kathy was his girl friend),
on June 12, 1994. This "suicide" was the result of a gunshot wound
to the back of the head. Stanley Huggins: Huggins, 46, was a principal in a
Memphis law firm which headed a 1987 investigation into the loan practices of
Madison Guaranty S&L. Stanley died in Delaware in July 1994 -- reported
cause of death was viral pneumonia. Paul Olson: A Federal witness in
investigations to drug money corruption in Chicago politics, Paul had just
finished 2 days of FBI interviews when his plane ride home crashed, killing
Paul and 130 others on Sept 8 1994. The Sept. 15, 1994 Tempe Tribune
newspaper reported that the FBI suspected that a bomb had brought down the
airplane.Calvin Walraven: 24 year on Walraven was a key witness against
Jocelyn Elder's son's drug case. Walraven was found dead in his apartment
with a gunshot wound to the head. Tim Hover, a Little Rock police spokesman
says no foul play is suspected.Alan G. Whicher: Oversaw Clinton's Secret
Service detail. In October 1994 Whicher was transferred to the Secret Service
field office in the Murrah Building in Oklahoma City. Whatever warning was
given to the BATF agents in that building did not reach Alan Whicher, who
died in the bomb blast of April 19th 1995. Duane Garrett: Died July 26,
1995-A lawyer and a talk show host for KGO-AM in San Fransisco, Duane was the
campaign finance chairman for Diane Fienstien's run for the senate, and was a
friend and fundraiser for Al Gore. Garrett was under investigation for
defrauding investors in Garrett's failed sports memorabilia venture. There
was talk of a deal to evade prosecution. On July 26th, Garrett canceled an
afternoon meeting with his lawyer because he had to meet some people at the
San Fransisco airport. Three hours later he was found floating in the bay
under the Golden Gate Bridge. Ron Brown:. The Commerce Secretary died on
April 3, 1996, in an Air Force jet carrying Brown and 34 others, including 14
business executives on a trade mission to Croatia, crashed into a
mountainside. The Air Force, in a 22-volume report issued in June of 1996,
confirmed its initial judgment that the crash resulted from pilot errors and
faulty navigation equipment At the time of Brown's death, Independent Counsel
Daniel Pearson was seeking to determine whether Brown had engaged in several
sham financial transactions with longtime business partner Nolanda Hill
shortly before he became secretary of commerce.Charles Meissner: died: UNK -
Following Ron Brown's death, John Huang was placed on a Commerce Department
contract that allowed him to retain his security clearanceby Charles
Meissner. Shortly thereafter, Meissner died in the crash of a small plane. He
was an Assistant Secretary of Commerce for International Economic
Policy.William Colby: Retired CIA director was found dead on May 6,1996 after
his wife reported him missing on April 27,1996. Apparently, Colby decided to
go on a impromptu canoeing excursion and never returned. Colby who had just
started writing for Strategic Investment newsletter, worried many in the
intelligent community. Colby's past history of divulging CIA secrets in the
past were well known. Strategic Investor had covered the Vince Foster suicide
and had hired handwriting experts to review Foster's suicide note. Admiral
Jeremy Boorda: Died on May 16,1996 after he went home for lunch and decided
to shoot himself in the chest (by one report, twice) rather than be interviewed
by Newsweek magazine that afternoon. Explanations for Boorda's suicide
focused on a claim that he was embarrassed over two "Valor" pins he
was not authorized to wear.Lance Herndon: Herndon a 41 year old computer
specialist and a prominent entrepreneur who received a presidential
appointment in 1995 died August 10, 1996 under suspicious circumstances. He
appeared to have died from a blow to the head. Police said no weapons were
found at his mansion, adding that Mr. Herndon had not been shot or stabbed and
there was no evidence of forced entry or theft. Neil Moody: Died -August 25,
1996 Following Vincent Foster's murder, Lisa Foster married James Moody, a
judge in Arkansas, on Jan 1, 1996. Near the time Susan McDougal first went to
jail for contempt, Judge Moor's son, Neil died in a car crash. There were
other reports that Neil Moody had discovered something very unsettling among
his stepmother's private papers and was threatening to go public with it just
prior to the beginning of the Democratic National Convention. He was alleged
to have been talking to Bob Woodward of the Washington Post about a
blockbuster story. Witnesses said they saw Neil Moody sitting in his car
arguing with another person just prior to His car suddenly speeding off out
of control and hitting a brick wall.Barbara Wise: Wise a 14-year Commerce
Department employee found dead and partially naked in her office following a
long weekend. She worked in the same section as John Huang. Officially, she
is said to have died of natural causes.Doug Adams: Died January 7, 1997- A
lawyer in Arkansas who got involved trying to help the people who were being
swindled out of their life savings. Adams was found in his vehicle with a
gunshot wound to his head in a Springfield Mo. hospital parking lot.Mary C.
Mahoney: 25, murdered at the Georgetown Starbuck's coffee bar over the 4th of
July '97 weekend. She was a former White House intern who worked with John
Huang. Apparently she knew Monica Lewinsky and her sexual encounters with
Bill Clinton. Although not verified, it has been said that Lewinsky told
Linda Tripp that she did not want to end up like Mahoney.Ronald Miller:
Suddenly took ill on October 3rd,1997 and steadily worsened until his death 9
days later. (This pattern fits Ricin poisoning.) Owing to the strangeness of
the illness, doctors at the Integris Baptist Medical Center referred the
matter to the Oklahoma State Medical Examiner's Office. The Oklahoma State
Medical Examiner's Office promptly ran tests on samples of Ron Miller's
blood, but has refused to release the results or even to confirm that the
tests were ever completed. Had been investigated by authorities over the sale
of his company, Gage Corp. to Dynamic Energy Resources, Inc. was the man who
tape recorded Gene and Nora Lum and turned those tapes (and other records)
over to congressional oversight investigators. The Lums were sentenced to
prison for campaign finance violations, using "straw donors" to
conceal the size of their contributions to various candidates. Indeed, Dynamic
Energy Resources, Inc. had hired Ron Brown's son Michael solely for the
purpose of funneling $60,000 through him to the Commerce Secretary, according
to Nolanda Hill's testimony. Sandy Hume: On Sunday, February 22nd, 1998,
Sandy Hume, the 28 year old son of journalist Britt Hume, was reportedly
found dead in his Arlington, Virginia home. Aside from the statement that
this was an "apparent" suicide, there remains in place a total
media blackout on this story, possibly out of concern that the actual facts will
not withstand public scrutiny. Worked for Hill magazine, about Congress for
Congress.Jim McDougal: Bill and Hillary Clinton friend, banker, and political
ally, sent to prison for eighteen felony convictions. A key whitewater
witness, dies of a heart attack on March, 8 1998. As of this writing
allegations that he was given an injection of the diuretic lasix has not been
denied or confirmed.Died on March 8, 1998Johnny Lawhon: 29, died March 29,
1998- The Arkansas transmission specialist who discovered a pile of Whitewater
documents in the trunk of an abandoned car on his property and turned them
over to Starr, was killed in a car wreck two weeks after the McDougal death..
Details of the "accident" have been sketchy -- even from the local
Little Rock newspaper.Charles Wilbourne Miller: 63, was found dead of a
gunshot wound to the head on November 17, 1998 in a shallow pit about 300
yards from his ranch house near Little Rock. Police found a .410 gauge
shotgun near Miller's body and a Ruger .357-caliber revolver submerged in
water. Investigators concluded the Ruger was the weapon used by Miller to
kill himself. Yet, two rounds in the handgun's cylinder had been spent.He had
long served as executive vice president and member of the board of directors
for a company called Alltel and was deeply involved in his own software
engineering company until the day he died. Alltel is the successor to Jackson
Stephens' Systematics, the company that provided the software for the White
House's "Big Brother" data base system and that was behind the
administration's plan to develop the secret computer "Clipper" chip
to bug every phone, fax and email transmission in America.Carlos Ghigliotti:
42, was found dead in his home just outside of Washington D.C. on April 28,
2000. There was no sign of a break-in or struggle at the firm of Infrared
Technology where the badly decomposed body of Ghigliotti was found.
Ghigliotti had not been seen for several weeks. Ghigliotti, a thermal imaging
analyst hired by the House Government Reform Committee to review tape of the
siege, said he determined the FBI fired shots on April 19, 1993. The FBI has
explained the light bursts on infrared footage as reflections of sun rays on
shards of glass or other debris that littered the scene. "I conclude
this based on the groundview videotapes taken from several different angles
simultaneously and based on the overhead thermal tape," Ghigliotti told
The Washington Post last October. "The gunfire from the ground is there,
without a doubt." Ghigliotti said the tapes also confirm the Davidians
fired repeatedly at FBI agents during the assault, which ended when flames
raced through the compound. About 80 Branch Davidians perished that day, some
from the fire, others from gunshot wounds. Mark Corallo, a spokesman for the
congressional committee chaired by Rep. Dan Burton, R-Ind., said that police
found the business card of a committee investigator in Ghigliotti's office.
Corallo said Ghigliotti's work for the committee ended some time ago. Tony
Moser: 41, was killed as he crossed a street in Pine Bluff, Ark on on June
10, 2000. Killed 10 days after being named a columnist for the
Democrat-Gazette newspaper and two days after penning a stinging indictment
of political corruption in Little Rock.Police have concluded that no charges
will be filed against the unnamed driver of a 1995 Chevrolet pickup, which
hit Moser as he was walking alone in the middle of unlit Rhinehart Road about
10:10 p.mPolice say they have ruled out foul play and will file no charges
against the driver because he was not intoxicated and there was no sign of
excessive
speed.http://www.albertpeia.comhttp://www.albertpeia.com/currentopics10108.htmhttp://www.albertpeia.com/wallstreetlunacy10108.htm
Forum Post: CLINTON
BODY COUNT at 3/9/2008 6:01 AM EDT How 'bout this list:John F. Kennedy Jr.Potential Candidate for Senator
from New York.died: 7/16/99 Within days of an NBC Dateline story hinting at a
possible run for the Senate seat currently assumed to be the property of
Hillary Clinton, JFK Jr. and his wife and sister-in-law died when the Piper
Saratoga II TC JFK Jr. was piloting crashed in to the ocean just short of
Martha’s Vineyard. The NEWSWEEK issue for the following Monday, which NBC
Dateline had reported would announce JFK Jr’s candidacy, was yanked from
distributors and destroyed. Even before the wreckage of the plane had been
found, the media was saturated with news stories declaring the weather to
have been very hazy (the weather was VFR conditions, and 8 mile visibility,
plus weather radar and witnesses on Martha’s Vineyard all reported clear
skies) making it impossible for JFK Jr. to know which way was up (he also had
working instruments in the aircraft). As was the case when TWA 800 was shot
down, the United States Navy took control of the crash site, ordering an
unprecidented 5 mile wide no-fly zone while the wreckage of the aircraft was
recovered and taken to a military base. Reporters Cindy Adams and Andrew
Goldman have documented the planting of false information about JFK Jr. in
the media in the days following his crash. The feeding of false information
to the press proves there is a cover-up. The existance of a cover-up is why
JFK Jr. gets an entry on the Dead Bodies List. According to some reports,
Mrs. Kennedy was pregnant.CLINTON BODY COUNTBy: Ether Zone StaffHere is the
latest body count that we have. All of these people have been connected with
the Clintons in some form or another. We have not included any deaths that
could not be verified or connected to the Clinton scandals. All deaths are
listed chronologically by date. This list is current and accurate to the best
of our knowledge as of January 13, 1999 August 1, 2000.Susan Coleman: Rumors
were circulating in Arkansas of an affair with Bill Clinton. She was found
dead with a gunshot wound to the head at 7 1/2 months pregnant. Death was an
apparent suicide. Larry Guerrin: Was killed in February 1987 while
investigating the INSLAW case. Kevin Ives & Don Henry: Initial cause of
death was reported to be the result of falling asleep on a railroad track in
Arkansas on August 23, 1987. This ruling was reported by the State medical
examiner Fahmy Malak. Later it was determined that Kevin died from a crushed
skull prior to being placed on the tracks. Don had been stabbed in the back.
Rumors indicate that they might have stumbled upon a Mena drug operation.
Keith Coney: Keith had information on the Ives/Henry deaths. Died in a
motorcycle accident in July 1988 with unconfirmed reports of a high speed car
chase. Keith McKaskle: McKaskle has information on the Ives/Henry deaths. He
was stabbed to death in November 1988. Gregory Collins: Greg had information
on the Ives/Henry deaths. He died from a gunshot wound to the face in January
1989. Jeff Rhodes: He had information on the deaths of Ives, Henry &
McKaskle. His burned body was found in a trash dump in April 1989. He died of
a gunshot wound to the head and there was some body mutilation, leading to
the probably speculation that he was tortured prior to being killed. James
Milam: Milam had information on the Ives & Henry deaths. He was
decapitated. The state Medical examiner, Fahmy Malak, initially ruled death
due to natural causes. Richard Winters: Winters was a suspect in the deaths
of Ives & Henry. He was killed in a "robbery" in July 1989
which was subsequently proven to be a setup. Jordan Kettleson: Kettleson had
information on the Ives & Henry deaths. He was found shot to death in the
front seat of his pickup in June 1990. Alan Standorf: An employee of the
National Security Agency in electronic intelligence. Standorf was a source of
information for Danny Casalaro who was investigating INSLAW, BCCI, etc.
Standorf's body was found in the backseat of a car at Washington National
Airport on Jan 31, 1991. Dennis Eisman: An attorney with information on
INSLAW. Eisman was found shot to death on April 5, 1991. Danny Casalaro:
Danny was a free-lance reporter and writer who was investigating the
"October Surprise", INSLAW and BCCI. Danny was found dead in a
bathtub in a Sheraton Hotel room in Martinsburg, West Virginia. Danny was
staying at the hotel while keeping appointments in the DC area pertinent to
his investigation. He was found with his wrists slashed. At least one, and
possibly both of his wrists were cut 10 times. All of his research materials
were missing and have never been recovered. Victor Raiser: The National
Finance Co-Chair for "Clinton for President." He died in a airplane
crash on July 30, 1992. R. Montgomery Raiser: Also involved in the Clinton
presidential campaign. He died in the same plane crash as Victor. Paul Tully:
Tulley was on the Democratic National Committee. He was found dead of unknown
causes in his hotel room on September 24, 1992. No autopsy was ever allowed.
Ian Spiro: Spiro had supporting documentation for grand jury proceedings on
the INSLAW case. His wife and 3 children were found murdered on November 1,
1992 in their home. They all died of gunshot wounds to the head. Ian's body
was found several days later in a parked car in the Borego Desert. Cause of
death? The ingestion of cyanide. FBI report indicated that Ian had murdered
his family and then committed suicide. Paula Gober: A Clinton speech writer.
She died in a car accident on December 9, 1992 with no known witnesses. Jim
Wilhite: Wilhite was an associate of Mack McClarty's former firm. Wilhite
died in a skiing accident on December 21, 1992. He also had extensive ties to
Clinton with whom he visited by telephone just hours before his death. Steve
Willis, Robert Williams, Todd McKeahan & Conway LeBleu: Died Feburary 28,
1993 by gunfire at Waco. All four were examined by a pathologist and died
from identical wounds to the left temple. All four had been body guards for
Bill Clinton, three while campaigning for President and when he was Governor
of Arkansas.They also were the ONLY 4 BATF agents killed at Waco. Sgt. Brian
Haney, Sgt. Tim Sabel, Maj. William Barkley, Capt. Scott Reynolds: Died: May
19, 1993 - All four men died when their helicopter crashed in the woods near
Quantico, Va. - Reporters were barred from the site, and the head of the fire
department responding to the crash described it by saying, "Security was
tight," with "lots of Marines with guns." A videotape made by
a firefighter was seized by the Marines. All four men had escorted Clinton on
his flight to the carrier Roosevelt shortly before their deaths. John
Crawford: An attorney with information on INSLAW. He died from a heart attack
in Tacoma in April of 1993. John Wilson: Found dead from an apparent hanging
suicide on May 18, 1993. He was a former Washington DC council member and
claimed to have info on Whitewater.Paul Wilcher: A lawyer who was
investigating drug running out of Mena, Arkansas and who also sought to
expose the "October Surprise", BCCI and INSLAW. He was found in his
Washington DC apartment dead of unknown causes on June 22, 1993. Vincent
Foster: A White House deputy counsel and long-time personal friend of Bill
and Hillary's. Found on July 20, 1993, dead of a gunshot wound to the mouth
-- a death ruled suicide. Many different theories on this case! Readers are
encouraged to read our report in Strange Deaths.Jon Parnell Walker: An
investigator for the RTC who was looking into the linkage between the
Whitewater and Madison S&L bankruptcy. Walker "fell" from the
top of the Lincoln Towers Building. Stanley Heard & Steven Dickson: They
were members of the Clinton health care advisory committee. They died in a
plane crash on September 10, 1993. Jerry Luther Parks: Parks was the Chief of
Security for Clinton's national campaign headquarters in Little Rock. Gunned
down in his car on September 26, 1993 near the intersection of Chenal Parkway
and Highway 10 west of Little Rock. Parks was shot through the rear window of
his car. The assailant then pulled around to the driver's side of Park's car
and shot him three more times with a 9mm pistol. His family reported that
shortly before his death, they were being followed by unknown persons, and
their home had been broken into (despite a top quality alarm system). Parks
had been compiling a dossier on Clinton's illicit activities. The dossier was
stolen. Ed Willey: A Clinton fundraiser. He died of a self-inflicted gunshot
wound on November 30, 1993. His death came the same day his wife, Kathleen,
was sexually assaulted in the White House by Bill Clinton.Gandy Baugh: Baugh
was Lasater's attorney and committed suicide on January 8, 1994. Baugh's
partner committed suicide exactly one month later on February 8, 1994.
Herschell Friday: A member of the presidential campaign finance committee. He
died in an airplane explosion on March 1, 1994. Ronald Rogers: Rogers died on
March 3, 1994 just prior to releasing sensitive information to a London
newspaper. Cause of death? Undetermined. Kathy Furguson: A 38 year old
hospital worker whose ex-husband is a co- defendant in the Paula Jones sexual
harassment law suit. She had information supporting Paula Jone's allegations.
She died of an apparent suicide on May 11, 1994 from a gunshot wound to the
head. Bill Shelton: Shelton was an Arkansas police officer and was found dead
as an apparent suicide on kathy Ferguson's grave (Kathy was his girl friend),
on June 12, 1994. This "suicide" was the result of a gunshot wound
to the back of the head. Stanley Huggins: Huggins, 46, was a principal in a
Memphis law firm which headed a 1987 investigation into the loan practices of
Madison Guaranty S&L. Stanley died in Delaware in July 1994 -- reported
cause of death was viral pneumonia. Paul Olson: A Federal witness in
investigations to drug money corruption in Chicago politics, Paul had just finished
2 days of FBI interviews when his plane ride home crashed, killing Paul and
130 others on Sept 8 1994. The Sept. 15, 1994 Tempe Tribune newspaper
reported that the FBI suspected that a bomb had brought down the
airplane.Calvin Walraven: 24 year on Walraven was a key witness against
Jocelyn Elder's son's drug case. Walraven was found dead in his apartment
with a gunshot wound to the head. Tim Hover, a Little Rock police spokesman
says no foul play is suspected.Alan G. Whicher: Oversaw Clinton's Secret
Service detail. In October 1994 Whicher was transferred to the Secret Service
field office in the Murrah Building in Oklahoma City. Whatever warning was
given to the BATF agents in that building did not reach Alan Whicher, who
died in the bomb blast of April 19th 1995. Duane Garrett: Died July 26,
1995-A lawyer and a talk show host for KGO-AM in San Fransisco, Duane was the
campaign finance chairman for Diane Fienstien's run for the senate, and was a
friend and fundraiser for Al Gore. Garrett was under investigation for
defrauding investors in Garrett's failed sports memorabilia venture. There
was talk of a deal to evade prosecution. On July 26th, Garrett canceled an
afternoon meeting with his lawyer because he had to meet some people at the
San Fransisco airport. Three hours later he was found floating in the bay
under the Golden Gate Bridge. Ron Brown:. The Commerce Secretary died on
April 3, 1996, in an Air Force jet carrying Brown and 34 others, including 14
business executives on a trade mission to Croatia, crashed into a
mountainside. The Air Force, in a 22-volume report issued in June of 1996,
confirmed its initial judgment that the crash resulted from pilot errors and
faulty navigation equipment At the time of Brown's death, Independent Counsel
Daniel Pearson was seeking to determine whether Brown had engaged in several
sham financial transactions with longtime business partner Nolanda Hill
shortly before he became secretary of commerce.Charles Meissner: died: UNK -
Following Ron Brown's death, John Huang was placed on a Commerce Department
contract that allowed him to retain his security clearanceby Charles
Meissner. Shortly thereafter, Meissner died in the crash of a small plane. He
was an Assistant Secretary of Commerce for International Economic Policy.William
Colby: Retired CIA director was found dead on May 6,1996 after his wife
reported him missing on April 27,1996. Apparently, Colby decided to go on a
impromptu canoeing excursion and never returned. Colby who had just started
writing for Strategic Investment newsletter, worried many in the intelligent
community. Colby's past history of divulging CIA secrets in the past were
well known. Strategic Investor had covered the Vince Foster suicide and had
hired handwriting experts to review Foster's suicide note. Admiral Jeremy
Boorda: Died on May 16,1996 after he went home for lunch and decided to shoot
himself in the chest (by one report, twice) rather than be interviewed by
Newsweek magazine that afternoon. Explanations for Boorda's suicide focused on
a claim that he was embarrassed over two "Valor" pins he was not
authorized to wear.Lance Herndon: Herndon a 41 year old computer specialist
and a prominent entrepreneur who received a presidential appointment in 1995
died August 10, 1996 under suspicious circumstances. He appeared to have died
from a blow to the head. Police said no weapons were found at his mansion,
adding that Mr. Herndon had not been shot or stabbed and there was no
evidence of forced entry or theft. Neil Moody: Died -August 25, 1996 Following
Vincent Foster's murder, Lisa Foster married James Moody, a judge in
Arkansas, on Jan 1, 1996. Near the time Susan McDougal first went to jail for
contempt, Judge Moor's son, Neil died in a car crash. There were other
reports that Neil Moody had discovered something very unsettling among his
stepmother's private papers and was threatening to go public with it just
prior to the beginning of the Democratic National Convention. He was alleged
to have been talking to Bob Woodward of the Washington Post about a
blockbuster story. Witnesses said they saw Neil Moody sitting in his car
arguing with another person just prior to His car suddenly speeding off out
of control and hitting a brick wall.Barbara Wise: Wise a 14-year Commerce
Department employee found dead and partially naked in her office following a
long weekend. She worked in the same section as John Huang. Officially, she
is said to have died of natural causes.Doug Adams: Died January 7, 1997- A
lawyer in Arkansas who got involved trying to help the people who were being
swindled out of their life savings. Adams was found in his vehicle with a
gunshot wound to his head in a Springfield Mo. hospital parking lot.Mary C.
Mahoney: 25, murdered at the Georgetown Starbuck's coffee bar over the 4th of
July '97 weekend. She was a former White House intern who worked with John
Huang. Apparently she knew Monica Lewinsky and her sexual encounters with
Bill Clinton. Although not verified, it has been said that Lewinsky told
Linda Tripp that she did not want to end up like Mahoney.Ronald Miller:
Suddenly took ill on October 3rd,1997 and steadily worsened until his death 9
days later. (This pattern fits Ricin poisoning.) Owing to the strangeness of
the illness, doctors at the Integris Baptist Medical Center referred the
matter to the Oklahoma State Medical Examiner's Office. The Oklahoma State
Medical Examiner's Office promptly ran tests on samples of Ron Miller's
blood, but has refused to release the results or even to confirm that the
tests were ever completed. Had been investigated by authorities over the sale
of his company, Gage Corp. to Dynamic Energy Resources, Inc. was the man who
tape recorded Gene and Nora Lum and turned those tapes (and other records)
over to congressional oversight investigators. The Lums were sentenced to
prison for campaign finance violations, using "straw donors" to
conceal the size of their contributions to various candidates. Indeed,
Dynamic Energy Resources, Inc. had hired Ron Brown's son Michael solely for
the purpose of funneling $60,000 through him to the Commerce Secretary,
according to Nolanda Hill's testimony. Sandy Hume: On Sunday, February 22nd,
1998, Sandy Hume, the 28 year old son of journalist Britt Hume, was
reportedly found dead in his Arlington, Virginia home. Aside from the
statement that this was an "apparent" suicide, there remains in
place a total media blackout on this story, possibly out of concern that the
actual facts will not withstand public scrutiny. Worked for Hill magazine,
about Congress for Congress.Jim McDougal: Bill and Hillary Clinton friend,
banker, and political ally, sent to prison for eighteen felony convictions. A
key whitewater witness, dies of a heart attack on March, 8 1998. As of this
writing allegations that he was given an injection of the diuretic lasix has
not been denied or confirmed.Died on March 8, 1998Johnny Lawhon: 29, died
March 29, 1998- The Arkansas transmission specialist who discovered a pile of
Whitewater documents in the trunk of an abandoned car on his property and
turned them over to Starr, was killed in a car wreck two weeks after the
McDougal death.. Details of the "accident" have been sketchy --
even from the local Little Rock newspaper.Charles Wilbourne Miller: 63, was
found dead of a gunshot wound to the head on November 17, 1998 in a shallow
pit about 300 yards from his ranch house near Little Rock. Police found a
.410 gauge shotgun near Miller's body and a Ruger .357-caliber revolver
submerged in water. Investigators concluded the Ruger was the weapon used by
Miller to kill himself. Yet, two rounds in the handgun's cylinder had been
spent.He had long served as executive vice president and member of the board
of directors for a company called Alltel and was deeply involved in his own
software engineering company until the day he died. Alltel is the successor
to Jackson Stephens' Systematics, the company that provided the software for
the White House's "Big Brother" data base system and that was
behind the administration's plan to develop the secret computer "Clipper"
chip to bug every phone, fax and email transmission in America.Carlos
Ghigliotti: 42, was found dead in his home just outside of Washington D.C. on
April 28, 2000. There was no sign of a break-in or struggle at the firm of
Infrared Technology where the badly decomposed body of Ghigliotti was found.
Ghigliotti had not been seen for several weeks. Ghigliotti, a thermal imaging
analyst hired by the House Government Reform Committee to review tape of the
siege, said he determined the FBI fired shots on April 19, 1993. The FBI has
explained the light bursts on infrared footage as reflections of sun rays on
shards of glass or other debris that littered the scene. "I conclude
this based on the groundview videotapes taken from several different angles
simultaneously and based on the overhead thermal tape," Ghigliotti told
The Washington Post last October. "The gunfire from the ground is there,
without a doubt." Ghigliotti said the tapes also confirm the Davidians
fired repeatedly at FBI agents during the assault, which ended when flames
raced through the compound. About 80 Branch Davidians perished that day, some
from the fire, others from gunshot wounds. Mark Corallo, a spokesman for the
congressional committee chaired by Rep. Dan Burton, R-Ind., said that police
found the business card of a committee investigator in Ghigliotti's office.
Corallo said Ghigliotti's work for the committee ended some time ago. Tony
Moser: 41, was killed as he crossed a street in Pine Bluff, Ark on on June
10, 2000. Killed 10 days after being named a columnist for the
Democrat-Gazette newspaper and two days after penning a stinging indictment
of political corruption in Little Rock.Police have concluded that no charges
will be filed against the unnamed driver of a 1995 Chevrolet pickup, which
hit Moser as he was walking alone in the middle of unlit Rhinehart Road about
10:10 p.mPolice say they have ruled out foul play and will file no charges
against the driver because he was not intoxicated and there was no sign of
excessive speed
Comment on: Behind
Recession Fears, Stocks Hit a Low for the Year at 3/8/2008 6:09 AM EST WE’VE BEEN IN RECESSION; CLOSING NUMBERS STOCKS/METALS/OIL/COMMENTARY
Forum Post: Shutting
Down a Source of Leaked Documents at 3/8/2008 5:35 AM EST Shutting Down a Source of Leaked DocumentsHere's how it once worked: A
former State Department official and military analyst decided that the world
needed to see the Pentagon's secret and highly disturbing history of U.S.
involvement in Vietnam. So Daniel Ellsberg gave the 7,000-plus pages of
classified documents to the New York Times and then The Washington Post. The
Supreme Court ruled that the Nixon administration could not stop them from
publishing.If the Internet had been around, maybe Ellsberg would have
considered posting his documents directly online?For a year or so, a
little-known Web site called Wikileaks has invited people around the world to
post "classified, censored or otherwise restricted material of
political, diplomatic or ethical significance." Last week, the site
gained some publicity when a federal judge in San Francisco decided to shut
it down for posting papers purporting to show money laundering and tax
evasion schemes at the Cayman Islands branch of a Swiss bank……My comment to
the foregoing topic didn’t post so I include it here:I think that the subject
judge was probably "hearing footsteps", since my direct observation
and experience includes corrupt judges who one way or another are being bribed
and the illicit funds (ie., drug money particularly, etc.) must be laundered
and "stored" somewhere. Note the following involving sam alito (as
u.s. attorney d.n.j.) and maryanne trump barry (donald trumps sister, d.n.j.)
and the laundering of drug money through the trump casinos. Under penalty of
perjury, a real eye
opener:http://www.albertpeia.com/Squad7.htmhttp://www.albertpeia.com/summarydecfinver.htmhttp://www.albertpeia.comhttp://www.albertpeia.com/currentopics10108.htmhttp://www.albertpeia.com/wallstreetlunacy10108.htm
Forum Post: george
bush, but of course, deserves a holiday/vacation/rest at 3/7/2008 1:45 AM EST because.....destroying your own nation financially, economically,
geopolitically is in his own words said in his inimitable fashion, 'hard
work'.
http://www.albertpeia.comhttp://www.albertpeia.com/currentopics10108.htmhttp://www.albertpeia.com/wallstreetlunacy10108.htm
Forum Post: International
Law Violator Zionist regime only nuclear-armed country in the M.E. won’t sign
the NPT at 3/7/2008 1:25 AM EST As Arab foreign ministers met at the Cairo headquarters of the Arab
League to prepare for their annual summit at the end of the month, they also
issued a series of statements on regional issues, including extremely
sensitive matter of the Zionist regime's refusal to sign the NPT. Arab
states, all of which are signatories to the treaty, have long called for a
nuclear-free Middle East and expressed their concern over Israel's apparent
possession of nuclear weapons. The International Law Violator and War
Criminal Zionist israeli regime is reportedly the only nuclear-armed country
in the Middle East which has refused to sign the
NPT.http://www.albertpeia.com
Forum Post: Hillary's Poltergeist
Moment at 3/7/2008 1:21 AM EST Hillary's Poltergeist MomentHill’s Poltergeist Moment: HILLARY AUDIO
RESURRECTION: 'I HAVE FELT THE PRESENCE OF THE HOLY SPIRIT'…says hill in her
continuing encounter with beelzebub himself…..riiiiight...She also held séances
on the roof of the whitehouse…..her very foreign policy experience she’s been
touting.http://www.albertpeia.com
Forum Post: Re: Top 10 Stories of 2008 at 3/7/2008 1:15 AM EST how 'bout this: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
08Failing 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
EngineersMore 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 RevoltsIt 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
BucksAmerica’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 BigUnlike 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 CareJust 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.comIt’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 Hats2008 is
going to be a wild ride. http://www.trendsresearch.comJeremy 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
http://www.albertpeia.com
Go to following pages for above links:
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
By Simon Maierhofer August 27, 2009 …IF THERE IS JUST ONE TIME YOU WANT TO
TAKE A LESSON FROM HISTORY, IT IS RIGHT NOW. THE PARALLELS BETWEEN TODAY AND
THE GREAT DEPRESSION ARE NUMEROUS AND STRIKINGLY SIMILAR. THIS 5-MINUTE
HISTORY LESSON MIGHT BE THE BEST INVESTMENT YOU'LL EVER MAKE.
PART 3
JIM CRAMER - THE MODERN DAY HARVARD PARALLEL?
The Harvard Economic Society, previously esteemed for its pessimism, turned
bullish a few months before the market topped. In fact, the Society remained
bullish all throughout the downturn until it was dissolved just before the
depression ended. One of the many blunders that lead to the untimely (though
not soon enough for investors' welfare) demise of the Society, was its March
24th, 1930 assessment that; 'The outlook is favorable.' This was just days
before the onset of the above mentioned second leg to new lows. The second
leg reduced the Dow by another 47%, but it didn't stop there. There are many
modern-day parallels to the Harvard Economic Society. The Blue Chip Economic
Indicator survey, a survey of private economists, is just one of them.
According to the survey, 90% of economists believe that the current recession
will be declared to have ended this quarter. Nobel-Prize-winning economist
Paul Krugman, who believes the worst of the global crisis is over, is likely
to be another one. Interestingly, economists also believed that in March 2009
the market's worst was yet to come, when the Dow traded below 7,000. Contrary
to the general climate, the ETF Profit Strategy Newsletter's contrarian view
has been keeping subscribers one step ahead of the market.
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
MOON ROCK GIVEN BY U.S. PETRIFIED WOOD-APOLLO PROGRAM A FAKE/FRAUD
Fake Dutch 'moon rock' revealed A treasured piece at the Dutch national
museum - a supposed moon rock from the first manned lunar landing - is
nothing more than petrified wood, ...BBC News BBC NEWS | Europe | Fake Dutch
'moon rock' revealed Prized moon rock a fake - A PIECE of moon rock given to
an overseas politician by the United States is actually a lump of petrified
wood, museum authorities revealed yesterday. ... 'Moon Rock' in Dutch Museum
Is Just Petrified Wood Aug 27, 2009 ... Fake moon rock at Dutch national
museum. Rijksmuseum / AP. This rock, supposedly brought back from the moon by
American astronauts, ... http://www.albertpeia.com/moonfraud.htm
In reality it is just a piece of petrified wood. ... The plaque does not
specify that the rock came from the moon's surface. ... Another piece of
evidence that shows again that Apollo program is indeed a fake and a fraud
Go to following pages for above links:
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
Three more banks fail; 2009 total hits 84 The Federal Reserve: Instigating
Crisis Since 1913
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
Bill would give president emergency control of Internet Forced vaccinations,
quarantine camps, health care interrogations and mandatory “decontaminations”
Mike Adams | The United States of America is devolving into medical fascism.
Fox News Poll: Majority Think Swine Flu Vaccine Deadlier Than Virus Dictator,
communist, and walking dead man Castro, ‘the opposition killer/jailer’, Calls
Obama Opposition Racist…riiight mr. totalitarian communist, anything you say
Sheehan returns to rebuke Obama 'US not living up to wobama message' ABC
Hypocrisy Over Ad Critical Of Nationalized Healthcare China, ‘the paper
tiger’: US should end naval patrol in China sea
Go to following pages for above links:
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
By Simon Maierhofer August 27, 2009 …IF THERE IS JUST ONE TIME YOU WANT TO
TAKE A LESSON FROM HISTORY, IT IS RIGHT NOW. THE PARALLELS BETWEEN TODAY AND
THE GREAT DEPRESSION ARE NUMEROUS AND STRIKINGLY SIMILAR. THIS 5-MINUTE
HISTORY LESSON MIGHT BE THE BEST INVESTMENT YOU'LL EVER MAKE.
PART 2
FROM HUMOROUS TO SOBERING - PARALLELS THAT STING
Did you know that the Great Depression was preceded by a great real estate
boom centered in Florida? The Florida real estate bubble burst in 1926, three
years before equities. Just as we've seen recently, investors took their
leftovers from the real estate bust and poured it into stocks. Talk about
jumping out of the frying pan into the fire. Just as in 2007, no one foresaw
a decline, let alone the seriousness of the decline. On December 4, 1928,
President Coolidge sent the following message on the state of the Union to
the reconvening Congress: 'No Congress of the United States ever assembled,
on surveying the state of the Union, has met with a more pleasing prospect
than that which appears at the present time. In the domestic field there is
tranquility and contentment and the highest record of years of prosperity. In
the foreign field there is peace. You may regard the present with
satisfaction and anticipate the future with optimism.'
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... 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 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) ..] 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
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
DRUDGEREPORT: BILL WOULD GIVE OBAMA 'EMERGENCY' CONTROL OF INTERNET WHICH
WOULD BE CRAZY IN LIGHT OF HIS BREACHES OF TRUST
'1,000 BANKS TO FAIL'
CINDY SHEEHAN TAKES TO MARTHA'S VINEYARD TO PROTEST OBAMA'S WAR... BRIT
PAPERS SOUND ALARM ON AFGHAN WAR... July, August deadliest months for US...
CBS Correspondent Seriously Wounded...
SENATOR: 'We're almost reaching a revolution in this country'...
PAPER: Chairman of tax-writing committee failed to report millions...
Rangel Hides Income and Assets...
Weak dollar pushing energy prices higher...
Obama Predicts Unemployment, Deficits Far Worse Than Previously Stated...
Grim... Official: Real unemployment rate at 16%...
Rhode Island to shut down gov't for 12 days...
FT: Deficit fears put Obama's reforms in jeopardy...
WSJ: Dollar Steadily Losing Influence...
Stossel: Every Obama Critic Called a Racist...
Vegas jobless rate hits all-time high of 13.1%...
California at record 11.9%...
NYC 9.6%...
Mounting joblessness fuels housing crisis...
GALLUP: OBAMA HITS NEW LOW...
PEW: Democratic Party ratings plummet...
What rebound? Foreclosures rise, income down...
Go to following pages for above links:
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
obama the bush clone/pal!
obama had a mandate for real and positive change. his lack of courage changed
that. bringing in the insiders at substantial taxpayer (bailout of a massive
fraud) expense proved this. his, as bushes' before him, is a failed
presidency!
A land of liberty destroyed by stealth Double Standard for Public Images of
Obama Florida TV Station Removes Comments On Obama Joker Poster Story
Infowars | Overwhelming support for political satire prompts TV station to
remove comments on website. Offensive Targeting Liberty Movement Picks Up
Steam
The TARP Time Bomb the Media Missed
Addicted to War: America’s Brutal Pipe Dream in Afghanistan
Gerald Celente 2.5 Million Jobs Lost Since Obama’s Presidency
“Safety Concerns” Cited In Removal of Obama Joker Posters in Tennessee
Offensive Targeting Liberty Movement Picks Up Steam Exercising First
Amendment Now “Vandalism” As Corporate Media Attacks Obama Joker Contest
Go to following pages for above links:
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
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
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
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 .. 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
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
By Simon Maierhofer August 27, 2009 …IF THERE IS JUST ONE TIME YOU WANT TO
TAKE A LESSON FROM HISTORY, IT IS RIGHT NOW. THE PARALLELS BETWEEN TODAY AND
THE GREAT DEPRESSION ARE NUMEROUS AND STRIKINGLY SIMILAR. THIS 5-MINUTE
HISTORY LESSON MIGHT BE THE BEST INVESTMENT YOU'LL EVER MAKE.
PART 1
WATCH OUT! EVEN THIS RALLY PARALLELS THE GREAT DEPRESSION
The first leg of the Great Depression reduced the Dow Jones (DJI: ^DJI) by
48%. The first leg of the 2007 bear market reduced the Dow Jones by 53%. Both
times, the initial declines were followed by powerful and persistent rallies.
The five-month rally from November 1929 to April 1930, lifted the Dow Jones
(NYSEArca: DIA - News) by 49%. So far, the five month rally from the March
2009 lows has lifted the Dow Jones by some 46%. The time frame and percentage
gains are certainly too close for comfort. Even though the S&P 500 (SNP:
^GSPC) was not around during the Great Depression, the modern day picture
mirrors the Dow. The Nasdaq (Nasdaq: ^IXIC) may have already provided a
window into the future as it declined over 80% from its 2000 technology
(NYSEArca: XLK - News) bubble, to its 2009 low. When talking about windows
for the future, we can't omit the juicy fact that the Dow Jones measured in
the only true currency - gold (NYSEArca: GLD - News) - has also declined to
an extent similar to the 1929 - 1932 market meltdown (more about that later).
1,000 Banks to Fail In Next Two Years U.S. problem bank list hits 416,
insurance fund falls Racketeering 101: Bailed Out Banks Threaten Systemic
Collapse If Fed Discloses Information
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
Admiral: Afghan conflict 'serious' and 'deteriorating'...
Mullen worried over public rationality in lack of support for yet another of
broke america’s wars for benefit of military industrial complex and war
profiteers...
POLL: New Low for Obama Approval Index...
Millions face shrinking Social Security payments (and this is just the
beginning since america is defacto bankrupt)...
Go to following pages for above links:
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
Who's Behind All This VIX Trading? …I don't tend to engage in conspiracy
theories and, while I know that market manipulation happens, I don't think it
usually occurs on this large of a scale. But when I see this, I am reminded
of the poker adage: "If you can't spot the sucker at the table, then
it's probably you."
"ARTIFICIALLY SWEETENED" MARKET COULD FACE "SEISMIC
READJUSTMENT," Harrison Says After the heady rally off the March lows,
Todd Harrison, CEO of Minyanville.com, now believes the risk-reward favors
shorting the market vs. being long. "This is a Splenda market - because
there's so much artificial sweetener involved," Harrison says. After
making bullish calls here in February (albeit early) and again late April,
he's more lately shorting the Powershares QQQ with a tight 2% stop. "That's
all I'm willing to lose on this bet," he says. Technically, the Nasdaq
is currently at a major convergence of the downtrend line from its 2007 peak,
long-term resistance at around 2000, and a 50% retracement of decline from
the October 2007 highs to the March lows, Harrison says. That setup could
result in at least a temporary setback for related stocks. Longer-term, his
concerns center around the novel idea that there's going to be a price to pay
for all the government stimuli that have resuscitated the U.S. economy and
given a major jolt to both the equity and credit markets. "The
government is showing its hand and what they want to do: They want to
transfer our obligations to our children, which will inherently lower the
standard of living to our children," he says. But even worse than the
shocking $9 trillion deficit America faces over the next decade, Harrison
worries that we don't control our own fate. "That transfer of risk to
future generation is in the hands of foreign holders of dollar-denominated
assets," he says. "A seismic currency readjustment is a legitimate
risk."
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
The Federal Reserve Must Die
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
Senator warns of hyperinflation...
Obama Predicts Unemployment, Deficits Far Worse Than Previously Stated...
Grim... FT: Deficit fears put Obama's agenda in jeopardy... WSJ: Dollar
Steadily Losing Influence...
“True Deleveraging Has Not Begun Yet Because Losses of Financial Institutions
Have Been Socialized” Washington’s Blog | “This is a crisis of solvency, not
just liquidity, but true deleveraging has not begun yet because the losses of
financial institutions have been socialized and put on government balance
sheets.”
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 ] 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.
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
Obama Predicts Unemployment, Deficits Far Worse Than Previously Stated...
Grim... FT: Deficit fears put Obama's agenda in jeopardy... WSJ: Dollar
Steadily Losing Influence...
“True Deleveraging Has Not Begun Yet Because Losses of Financial Institutions
Have Been Socialized” Washington’s Blog | “This is a crisis of solvency, not
just liquidity, but true deleveraging has not begun yet because the losses of
financial institutions have been socialized and put on government balance
sheets.”
The Federal Reserve Must Die
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
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 ] 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.
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
6 years after invasion, electricity still scarce in Baghdad Baghdad blasts
kill 95 FOUR SOLDIERS KILLED IN AFGHANISTAN; MAKING 2009 DEADLIEST YEAR OF
WAR... 30 killed in Kandahar blast caused by 5 car bombs...
Evidence Reveals Libyan Convicted of Lockerbie Bombing Innocent Kurt Nimmo |
Corporate media in U.S. ignores story that Abdelbaset al-Megrahi is innocent.
Alex Jones website blocked under filter for ‘criminal skills’ content Aaron
Dykes | Was panicked controversy over the ‘Obama-as-Joker’ Poster the reason
the website JonesReport.com was restricted for ‘promoting criminal skills’?
Scientists Debunk Global Warming
Evidence Libyan Convicted of Lockerbie Bombing Innocent
Fall Of The Republic Exposes How Brand Obama Is Destroying America Every
Obama Critic Called a Racist Obama Depicted as Zombie in Comic Book
DRUDGEREPORT: Obama Predicts Unemployment, Deficits Far Worse Than Previously
Stated...
Grim...
Rhode Island to shut down gov't for 12 days...
FT: Deficit fears put Obama's reforms in jeopardy...
WSJ: Dollar Steadily Losing Influence...
Stossel: Every Obama Critic Called a Racist...
Vegas jobless rate hits all-time high of 13.1%...
California at record 11.9%...
NYC 9.6%...
Mounting joblessness fuels housing crisis...
GALLUP: OBAMA HITS NEW LOW...
PEW: Democratic Party ratings plummet...
What rebound? Foreclosures rise, income down...
Scientists Debunk UN “Global Warming”
Israeli raid on Gaza tunnel kills 3
Go to following pages for above links:
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
Analyst warns of 150-200 more U.S. bank failures
Unemployment Edges Up to Great Depression Level Kurt Nimmo | A dizzy
corporate media tells us there is now light at the end of the tunnel.
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
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
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
Go to following pages for above links:
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
Admiral: Afghan conflict 'serious' and 'deteriorating'...
Mullen worried over public rationality in lack of support for yet another of
broke america’s wars for benefit of military industrial complex and war
profiteers...
POLL: New Low for Obama Approval Index...
Millions face shrinking Social Security payments (and this is just the
beginning since america is defacto bankrupt)...
Go to following pages for above links:
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
You cannot trust the u.s. government concerning biological agents, weapons,
pandemics and related matters!
Go to following pages for above links:
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
Go to following pages for above links:
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
Manufacturing Jobs Drop To Lowest Level Since 1941 What rebound? Foreclosures
rise as jobs and income drop IMF Says You’ll Have to Pay More Taxes
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
Gun Propaganda and the Health Care Reform Illusion Szandor Blestman | I
really don’t believe that any of this theater is about health care. It seems
to me that it’s about control. It’s about power.
Go to following pages for above links:
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
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 |
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
Is It a Stock Market Rally or a Dollar Devaluation Seeking Alpha…The bank
bailout has made Americans poorer relative to the rest of the world and
created the illusion of a stock market recovery…
...Based on Wall Streets history…it seems that another black Oct is a forgone
conclusion and then it starts all over again. Aug 22 2009
Let me put it this way, if the market goes down 50%, then goes up 50%, are
you happy?
If that became a trend and happened 4 more times, over say the next 3 years
or so, you know what is left of your $1,000,000 investment?
Answer = $237,304
"...The biggest rally during the '29 to '32 period was 46.77% over 148
days. The current rally is up 51.68% over 165 calendar days. ..." Looks
pretty darn ( statistically ) similar to me! The exact opposite of your
conclusion...suggest you brush up on your math!
This bull looks like BS to me. Low volume, high P/E. The market was oversold
in March and overbought now...Don't be greedy.
..start with $1 to invest in 1990 by 1999 you have $2, now the dotcom bubble
bursts your portfolio drops 50% and your left with $1, back to square one,
well then you hang in there and your investment grows by 50% through 2008 so
your up to $1.50, better then nothing though your only up 50% in 2 decades,
then we get the 2008 collapse down another 50% in 6 months to $.75, so now
your down 25% from your initial investment of $1 in 1990, but wait if you can
stay fully invested and all your positions move with the market your up 50%
in six months so you would now have $1.125 in your account, so since 1990
your original investment of $1 has grown by 1/8 in just under 2 decades.
That’s reality…it will be hard for Wall Street to continue playing the market
manipulation game much longer
../until Jan/Feb/Mar. 2010 when consumer spending craters (then back to Dow
8000) or when Israel bombs Iran (then back to Dow 6000).
… certainly, at these levels the US market is not a buy. Even in the positive
scenario that the S&P earns its 10 year average of 50 in 2010 it would
stillbe a P/E of 20. Then consider that the consumer will not return and that
the government cannot forever sustain its current cost to income ratio of
180% and you will have to come to the conclusion to sell.
…qualitative analysis:
1. Volume is low over all and historically.
2. NDX typically leads any lasting rally,
3. The underlying economy is not likely to produce the earnings projected
(high probably multiple expansion is unwarranted).
4. The depth of the retraction into March was over sized expect the bounces
to be equally exotic.
5. The liquidity poured into the market is 7-10 times the amount seen in any
other recession - where did it go beside bank values? stocks.
6. Be patient and careful, momentum is fading the market may be out of fuel.
For those who think this market is even remotely close to reasonable
valuations, we suggest they read Doug Short's accurate summary of historical
stock market valuations. See: www.dshort.com/article...
…the market is significantly overvalued by any historical comparisons with
previous recessions. Thus the only logical conclusion is that … the market
will endure at least one more very serious selloff at some point in the
relatively near future…
… Much of what we see today, IMO, is smoke and mirrors designed to make us
feel good. In today's America, feeling good is more important than reality.
Or, perhaps we believe feelings create reality. Japan has languished because
they refused to deal with their economic collapse according to reality.
Aren't we doing exactly the same? Did the investors who created this mess
lose their money? Not yet. But a lot of others have. Have the bad loans been
dealt with? Not yet. And we all know it. What has happened is the Fed has
pumped dollars into the "too-big-to-fail" companies (the one's who
should of lost it all) and the government has handed money to it's citizens
to "stimulate" things. Oh yes, and the media has pumped persistently
positive news to the citizens designed to change moods rather than report
fact… And when the market decides to take over once again, look out below.
It is actually worse than that because unless America ring fences its economy
by implementing exchange controls then most of the hot investment money will
simply flow into the economies of other countries. Even so you will struggle
not to resemble Zimbabwe.
GREAT OPPORTUNITY TO SELL / TAKE PROFITS
Entering the Greatest Depression in History Andrew Gavin Marshall |
Go to following pages for above links:
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
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-INCREASING NUMBERS UNDER HIS TENURE DON’T) 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 |
Bush As The Joker – Acceptable, Obama As The Joker – Offensive/Violent
Blackwater role in hit squad unconstitutional: expert
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
Adam Hayes
Some of the smartest economists, traders, bankers, brokers, and academics are
all screaming and yelling the same things: "This recession/depression is
NOT over yet! This is just bear market rally! There are NO green
shoots!"
And the data does support these beliefs. Retail sales and consumer spending
remain muted as families increase savings and pay down debts.
Unemployment is not yet recovering, foreclosures are still rising while home
prices are still falling. Commercial real estate is starting to falter in a
major way. Oil and metals remain elevated while the dollar remains relatively
weak. Banks are failing at a record pace and the FDIC is on the verge of
insolvency. The government is auctioning debt at a record pace (and record %
of GDP) while the deficit explodes. Banks are still NOT lending to small
businesses or homebuyers nor to each other. Much of this data is also showing
no sign of decelerating. Every week a new number comes out the revision for
the previous always seems to go worse!
And the GDP numbers, when analyzed, show that government spending and
issuance of government debt is keeping the economy from being much much
worse. And what happens when BRIC countries stop buying our debt and dollars?
The Ponzi scheme falls apart then? And what about diminished tax rolls both
local and federal due to low employment and low corporate earnings!?…
Americans oblivious to their pending “financial suicide”
CalPERS Is Unsustainable Jeff Nielsen
…Like lemmings racing for a cliff, the vast majority of Americans remain
completely oblivious to their pending “financial suicide”. For this, the
pseudo-journalists of the U.S. propaganda-machine bear most of the blame.
As with all Ponzi-schemes, the U.S. economy is totally dependent in
maintaining “confidence” in this massive con-game. Thus, while a plethora of
U.S. financial crises continue to worsen (including the pension-crisis) all
we are likely to hear from the propaganda-machine are chorus after chorus of
“Don't Worry, Be Happy”.
Go to following pages for above links:
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
The mainstream, U.S. media continue to ignore a steadily worsening pension
crisis, most likely because it is one more huge contradiction of all their
“U.S. economic recovery” propaganda. Unlike the $70 trillion or so in
“unfunded liabilities” which is certain to bankrupt the U.S. federal
government – but not today, the U.S. pension-crisis is already here.
When the chief actuary of the nation's largest, state pension plan (CalPERS)
bluntly states, “We are facing decades...of unsustainable pension costs”,
this should have attracted the attention of journalists across the U.S.
Unfortunately, they all appear to be much too busy handing out their “U.S.
economic recovery” party-hats to be paying attention.
Some people may not see a direct connection between the health of U.S.
pension plans and the health of the overall economy... The huge, demographic
bulge known as “the baby-boomers” are beginning to retire. After plundering
government coffers for their entire lives by demanding exorbitant social
programs which they were unwilling to pay for with their own taxes, they have
literally mortgaged the futures of their own children and grand-children. But
the “plague” these “locusts” have inflicted on the U.S. economy goes well
beyond that. These are the same baby-boomers who dismantled the U.S.
manufacturing sector, and shipped it to Asia – so that they could pay less
for the ever-increasing hoard of consumer-goods which they have accumulated
with manic zeal. In the process, they have also eliminated most of the
well-paying jobs which they benefited from, but which they have taken away
from their children and grandchildren. Despite the baby-boomers having the
best-paying jobs of any generation in history, and ridiculously low taxes
…this generation has less in savings than previous generations. As a result,
this bloc of selfish spendthrifts is more dependent on lavish pensions (and
pie-in-the-sky medical benefits for seniors) than their own parents. The problem
is that this group has mismanaged their own pension-plans just as badly as
they have mismanaged the overall economy and government finances. In other
words, just as they have doing all their lives, U.S. baby-boomers are
planning on spending money they don't have all through their retirements – in
order to fund their lavish lifestyles. However, having squeezed all of the
wealth out of the U.S. economy, and squeezed all the wealth out of their
children and grandchildren…The bottom line is that this generation of
financial-failures is already facing a multi-trilllion dollar shortfall -
which is totally separate from the $70 trillion funding-gap in Social
Security and Medicare (see “U.S. Pension Crisis: the $3 TRILLION question”).
This is a crisis which is developing from the bottom up. Vallejo, the
one-time state capital of California, was already forced into bankruptcy due
to the unsustainable retirement benefit plans of its municipal workers.
Meanwhile, on the opposite coast, municipal leaders lament that they only
have enough funds to pay for either the pension/medical plans of their former
police officers and firefighters, or the salaries of the current police and
firefighters. Further aggravating this crisis at the local level, many
municipal governments were severely “burned” through being conned into
various forms of “exotic financing” by Wall Street scam-artists.
Municipalities and public institutions not just in the U.S., but all over the
world, have been crippled by countless billions in losses – while paying
these financial predators fat fees to ruin them…
…Like lemmings racing for a cliff, the vast majority of Americans remain
completely oblivious to their pending “financial suicide”. For this, the
pseudo-journalists of the U.S. propaganda-machine bear most of the blame.
As with all Ponzi-schemes, the U.S. economy is totally dependent in
maintaining “confidence” in this massive con-game. Thus, while a plethora of
U.S. financial crises continue to worsen (including the pension-crisis) all
we are likely to hear from the propaganda-machine are chorus after chorus of
“Don't Worry, Be Happy”.
Go to following pages for above links:
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
Some of the smartest economists, traders, bankers, brokers, and academics are
all screaming and yelling the same things: "This recession/depression is
NOT over yet! This is just bear market rally! There are NO green
shoots!"
And the data does support these beliefs. Retail sales and consumer spending
remain muted as families increase savings and pay down debts.
Unemployment is not yet recovering, foreclosures are still rising while home
prices are still falling. Commercial real estate is starting to falter in a
major way. Oil and metals remain elevated while the dollar remains relatively
weak. Banks are failing at a record pace and the FDIC is on the verge of
insolvency. The government is auctioning debt at a record pace (and record %
of GDP) while the deficit explodes. Banks are still NOT lending to small
businesses or homebuyers nor to each other. Much of this data is also showing
no sign of decelerating. Every week a new number comes out the revision for
the previous always seems to go worse!
And the GDP numbers, when analyzed, show that government spending and
issuance of government debt is keeping the economy from being much much
worse. And what happens when BRIC countries stop buying our debt and dollars?
The Ponzi scheme falls apart then? And what about diminished tax rolls both
local and federal due to low employment and low corporate earnings!?…
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
Some of the smartest economists, traders, bankers, brokers, and academics are
all screaming and yelling the same things: "This recession/depression is
NOT over yet! This is just bear market rally! There are NO green
shoots!"
And the data does support these beliefs. Retail sales and consumer spending
remain muted as families increase savings and pay down debts.
Unemployment is not yet recovering, foreclosures are still rising while home
prices are still falling. Commercial real estate is starting to falter in a
major way. Oil and metals remain elevated while the dollar remains relatively
weak. Banks are failing at a record pace and the FDIC is on the verge of
insolvency. The government is auctioning debt at a record pace (and record %
of GDP) while the deficit explodes. Banks are still NOT lending to small
businesses or homebuyers nor to each other. Much of this data is also showing
no sign of decelerating. Every week a new number comes out the revision for
the previous always seems to go worse!
And the GDP numbers, when analyzed, show that government spending and
issuance of government debt is keeping the economy from being much much
worse. And what happens when BRIC countries stop buying our debt and dollars?
The Ponzi scheme falls apart then? And what about diminished tax rolls both
local and federal due to low employment and low corporate earnings!?…
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
Some of the smartest economists, traders, bankers, brokers, and academics are
all screaming and yelling the same things: "This recession/depression is
NOT over yet! This is just bear market rally! There are NO green
shoots!"
And the data does support these beliefs. Retail sales and consumer spending
remain muted as families increase savings and pay down debts.
Unemployment is not yet recovering, foreclosures are still rising while home
prices are still falling. Commercial real estate is starting to falter in a
major way. Oil and metals remain elevated while the dollar remains relatively
weak. Banks are failing at a record pace and the FDIC is on the verge of
insolvency. The government is auctioning debt at a record pace (and record %
of GDP) while the deficit explodes. Banks are still NOT lending to small
businesses or homebuyers nor to each other. Much of this data is also showing
no sign of decelerating. Every week a new number comes out the revision for
the previous always seems to go worse!
And the GDP numbers, when analyzed, show that government spending and
issuance of government debt is keeping the economy from being much much
worse. And what happens when BRIC countries stop buying our debt and dollars?
The Ponzi scheme falls apart then? And what about diminished tax rolls both
local and federal due to low employment and low corporate earnings!?…
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
Some of the smartest economists, traders, bankers, brokers, and academics are
all screaming and yelling the same things: "This recession/depression is
NOT over yet! This is just bear market rally! There are NO green
shoots!"
And the data does support these beliefs. Retail sales and consumer spending
remain muted as families increase savings and pay down debts.
Unemployment is not yet recovering, foreclosures are still rising while home
prices are still falling. Commercial real estate is starting to falter in a
major way. Oil and metals remain elevated while the dollar remains relatively
weak. Banks are failing at a record pace and the FDIC is on the verge of
insolvency. The government is auctioning debt at a record pace (and record %
of GDP) while the deficit explodes. Banks are still NOT lending to small
businesses or homebuyers nor to each other. Much of this data is also showing
no sign of decelerating. Every week a new number comes out the revision for
the previous always seems to go worse!
And the GDP numbers, when analyzed, show that government spending and
issuance of government debt is keeping the economy from being much much
worse. And what happens when BRIC countries stop buying our debt and dollars?
The Ponzi scheme falls apart then? And what about diminished tax rolls both
local and federal due to low employment and low corporate earnings!?…
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
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
Americans oblivious to their pending “financial suicide”
CalPERS Is Unsustainable Jeff Nielsen
…Like lemmings racing for a cliff, the vast majority of Americans remain
completely oblivious to their pending “financial suicide”. For this, the
pseudo-journalists of the U.S. propaganda-machine bear most of the blame.
As with all Ponzi-schemes, the U.S. economy is totally dependent in
maintaining “confidence” in this massive con-game. Thus, while a plethora of
U.S. financial crises continue to worsen (including the pension-crisis) all
we are likely to hear from the propaganda-machine are chorus after chorus of
“Don't Worry, Be Happy”.
Go to following pages for above links:
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
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
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
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
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.
*(1-3-08) $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..
Go to following pages for above links:
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
REAL ECONOMIC/STOCK MARKET FORECASTS
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.
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
Question: Should Donald Trump be indicted for stock fraud, misappropriation
of fiduciary funds and conspiracy to defraud shareholders, bondholders and
general creditors? Short Answer: Yes!
Background Statement: Trump Entertainment Resorts, Inc.(Pink Sheets: TRMPQ)(
the “Company”) is a holding company, which owns and manages its own
casinos/hotels in Atlantic City, New Jersey. The company, formerly known as
Trump Hotels & Casino Resorts, was formed in 2005 as a result of the
restructuring, caused primarily from mismanagement, fraud and deception by
Donald J. Trump. Prior to forming the Company and to hide his fraudulent
actions, Mr. Trump announced a preliminary agreement with its investors on
October 21, 2004. Preceding this announcement and for a period of 18 months,
Mr. Trump systemically sold shares of the public company, knowing full well
and not disclosing to the shareholders or in SEC files that the Company was
on the verge of bankruptcy. On November 21, the Company filed for bankruptcy.
Trump said the filing was “really just a technical thing” as the best way to
implement the restructuring plan – in other words to hide his fraud since the
“reorganization scheme did not require a full audit of the books and records
of the Company. The plan was submitted to the Bankruptcy Court on December
16, 2004. After the 2004 bankruptcy filing and discharge, the Company changed
its name to Trump Entertainment Resorts. Again Mr., Trump was able to
misappropriate fiduciary funds, conspire with others to defraud shareholders
and bondholders, sold more shares to the public without full disclosing the
true financial condition of the Company and other criminal acts too numerous
to include herein. On February 17, 2009, the Company again filed for Chapter
11 bankruptcy protection, in the face of multi-billion dollar debts. Nine
affiliates of the casino operator, including Trump Plaza Associates, Trump
Marina Associates, and Trump Taj Mahal Associates, also filed at the same
time. After stealing assets and other resources, misappropriating and
defrauding shareholder and bondholders of at least $5 billion, Mr. Trump had
the impudence on August 4, 2009 to offer to buy Trump Entertainment Resort
for $100 million.… This time the bondholders who would lose their entire
$1.25 billion investment are standing up to Mr. Trump, asking a Bankruptcy
court judge to block the planned sale of three Atlantic City casinos.
However, Mr. Trump is playing his hand like he’s invisible and has the right
to defraud shareholders and bondholders with impunity, caused the board of
directors of the Company to appoint his daughter Ivanka Trump, as operating
officer ( a mere shill with limited business sense of the casino industry)
and wipe out all the other creditor.
The numerous frauds committed by Donald J. Trump are classic examples of a
person with ‘top-line connections” and “influence” to pillage and plunder
without liability. The investigation conducted by Dartline clearly suggests
at the very least, the Securities and Exchange Commission (SEC) should look
into the inappropriate stock sales, especially their timing, while the
Justice Department and the New Jersey Casino Commission examine the Company’s
books and report from October 1, 2003 to February 14, 2009 (the date Mr.
Trump stepped down as the Company’s Chairman of the Board.
My Reply:
trump should be indicted!
You are quite naive! trump's modus operandi is to bribe and much of this is
done sub rosa, ie., in the guise of legal fees, etc.. The feds cover-up for
him (his sister maryanne is a federal judge, now 3rd Cir. Ct. Appeals). The
answer is yes, but don't hold your breath. While you're in probably the most
corrupt state in the u.s., the fact is america is pervasively corrupt.
This link is to a 5 page fact scenario under penalty of perjury I was asked
to prepare for the FBI
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm (note sam alito's
role as u.s. attorney - now on u.s. supreme court
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
) involving drug money laundered through the trump casinos (the RICO case was
initially assigned to newly appointed maryanne trump barry, his sister, and
the corrupt feds have been covering up ever since with additional predicate
acts along the way; a totally corrupt federal system which covered up the
recent massive securities fraud funded/bailed out by taxpayers). louis freeh,
considered by Judicial Watch to be the most corrupt FBI director in history,
as per former prosecutor Larry Klaiman and then staff. The so-called american
system is totally corrupt. america’s broke and broken. america’s done!
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
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
The following post by Stocksmurf:
Question: Should Donald Trump be indicted for stock fraud, misappropriation
of fiduciary funds and conspiracy to defraud shareholders, bondholders and
general creditors? (Yes!)
Background Statement: Trump Entertainment Resorts, Inc.(Pink Sheets: TRMPQ)(
the “Company”) is a holding company, which owns and manages its own
casinos/hotels in Atlantic City, New Jersey. The company, formerly known as
Trump Hotels & Casino Resorts, was formed in 2005 as a result of the
restructuring, caused primarily from mismanagement, fraud and deception by
Trump... Preceding this announcement and for a period of 18 months, Mr. Trump
systemically sold shares of the public company, knowing full well and not
disclosing to the shareholders or in SEC files that the Company was on the
verge of bankruptcy. On November 21, the Company filed for bankruptcy. Trump
said the filing was “really just a technical thing” as the best way to
implement the restructuring plan – in other words to hide his fraud since the
“reorganization scheme did not require a full audit of the books and records
of the Company. The plan was submitted to the Bankruptcy Court on December
16, 2004. After the 2004 bankruptcy filing and discharge, the Company changed
its name to Trump Entertainment Resorts. Again Mr., Trump was able to
misappropriate fiduciary funds, conspire with others to defraud shareholders
and bondholders, sold more shares to the public without full disclosing
…Company again filed for Chapter 11 bankruptcy protection, in the face of
multi-billion dollar debts. Nine affiliates of the casino operator, including
Trump Plaza Associates, Trump Marina Associates, and Trump Taj Mahal
Associates, also filed at the same time. After stealing assets and other
resources, misappropriating and defrauding shareholder and bondholders of at
least $5 billion, Mr. Trump …see his post…
The numerous frauds committed by Donald J. Trump are classic examples of a
person with ‘top-line connections” and “influence” to pillage and plunder
without liability. The investigation conducted by Dartline clearly suggests
at the very least, the Securities and Exchange Commission (SEC) should look
into the inappropriate stock sales, especially their timing, while the
Justice Department and the New Jersey Casino Commission examine the Company’s
books and report from October 1, 2003 to February 14, 2009 (the date Mr.
Trump stepped down as the Company’s Chairman of the Board.
My Reply:
trump should be indicted!
You are quite naive! trump's modus operandi is to bribe and much of this is
done sub rosa, ie., in the guise of legal fees, etc.. The feds cover-up for
him (his sister maryanne is a federal judge, now 3rd Cir. Ct. Appeals). The
answer is yes, but don't hold your breath. While you're in probably the most
corrupt state in the u.s., the fact is america is pervasively corrupt.
This link is to a 5 page fact scenario under penalty of perjury I was asked
to prepare for the FBI http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
(note sam alito's role as u.s. attorney - now on u.s. supreme court
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
) involving drug money laundered through the trump casinos (the RICO case was
initially assigned to newly appointed maryanne trump barry, his sister, and
the corrupt feds have been covering up ever since with additional predicate
acts along the way; a totally corrupt federal system which covered up the
recent massive securities fraud funded/bailed out by taxpayers). louis freeh,
considered by Judicial Watch to be the most corrupt FBI director in history,
as per former prosecutor Larry Klaiman and then staff. The so-called american
system is totally corrupt. america’s broke and broken. america’s done!
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
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
The following post by Stocksmurf:
Question: Should Donald Trump be indicted for stock fraud, misappropriation
of fiduciary funds and conspiracy to defraud shareholders, bondholders and
general creditors? (Yes!)
Background Statement: Trump Entertainment Resorts, Inc.(Pink Sheets: TRMPQ)(
the “Company”) is a holding company, which owns and manages its own casinos/hotels
in Atlantic City, New Jersey. The company, formerly known as Trump Hotels
& Casino Resorts, was formed in 2005 as a result of the restructuring,
caused primarily from mismanagement, fraud and deception by Trump...
Preceding this announcement and for a period of 18 months, Mr. Trump
systemically sold shares of the public company, knowing full well and not
disclosing to the shareholders or in SEC files that the Company was on the
verge of bankruptcy. On November 21, the Company filed for bankruptcy. Trump
said the filing was “really just a technical thing” as the best way to
implement the restructuring plan – in other words to hide his fraud since the
“reorganization scheme did not require a full audit of the books and records
of the Company. The plan was submitted to the Bankruptcy Court on December
16, 2004. After the 2004 bankruptcy filing and discharge, the Company changed
its name to Trump Entertainment Resorts. Again Mr., Trump was able to
misappropriate fiduciary funds, conspire with others to defraud shareholders
and bondholders, sold more shares to the public without full disclosing
…Company again filed for Chapter 11 bankruptcy protection, in the face of
multi-billion dollar debts. Nine affiliates of the casino operator, including
Trump Plaza Associates, Trump Marina Associates, and Trump Taj Mahal
Associates, also filed at the same time. After stealing assets and other
resources, misappropriating and defrauding shareholder and bondholders of at
least $5 billion, Mr. Trump …see his post…
The numerous frauds committed by Donald J. Trump are classic examples of a
person with ‘top-line connections” and “influence” to pillage and plunder
without liability. The investigation conducted by Dartline clearly suggests
at the very least, the Securities and Exchange Commission (SEC) should look
into the inappropriate stock sales, especially their timing, while the
Justice Department and the New Jersey Casino Commission examine the Company’s
books and report from October 1, 2003 to February 14, 2009 (the date Mr.
Trump stepped down as the Company’s Chairman of the Board.
My Reply:
trump should be indicted!
You are quite naive! trump's modus operandi is to bribe and much of this is
done sub rosa, ie., in the guise of legal fees, etc.. The feds cover-up for him
(his sister maryanne is a federal judge, now 3rd Cir. Ct. Appeals). The
answer is yes, but don't hold your breath. While you're in probably the most
corrupt state in the u.s., the fact is america is pervasively corrupt.
This link is to a 5 page fact scenario under penalty of perjury I was asked
to prepare for the FBI
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm (note sam alito's
role as u.s. attorney - now on u.s. supreme court
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
) involving drug money laundered through the trump casinos (the RICO case was
initially assigned to newly appointed maryanne trump barry, his sister, and
the corrupt feds have been covering up ever since with additional predicate
acts along the way; a totally corrupt federal system which covered up the
recent massive securities fraud funded/bailed out by taxpayers). louis freeh,
considered by Judicial Watch to be the most corrupt FBI director in history,
as per former prosecutor Larry Klaiman and then staff. The so-called american
system is totally corrupt. america’s broke and broken. america’s done!
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
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..
SELL / TAKE PROFITS WHILE YOU CAN IN THIS UNIQUELY PREPOSTEROUS AND
FRAUDULENT ENVIRONMENT
Bob Prechter Quite Sure Next Wave Down Will Be Bigger and March Lows Will
Break In late February, Robert Prechter of Elliott Wave International said
"cover your shorts," and predicted a sharp rally that would take
the S&P into the 1000 to 1100 range. With that prediction having come to
pass, Prechter is now saying investors should "step aside" from
long positions, and speculators should "start looking at the short
side.""The big question is whether the rally is over,"
Prechter says, suggesting "countertrend moves can be tricky" to
predict. But the veteran market watcher is "quite sure the next wave
down is going to be larger than what we've already experienced," and
take major averages well below their March 2009 lows. Yes, the late
2007-early 2009 market debacle was just a warm-up to what Prechter believes
will be the bear market's main attraction. In this regard, he says the
current cycle will echo past post-bubble periods such as America in the 1930s
and England in the 1720s, after the bursting of the South Sea bubble. The
2000 market peak market a "major trend change" for the market from
a very long-term cycle perspective, and the downside is going to continue to
be painful well into the next decade, Prechter says. "The extreme
overvaluation, the manic buying and bubbles in the late 1990s [and] mid-2000s
are for the history books - they're very large," he says. "The bear
market is going to have balance that out with some sort of significant
retrenchment."
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
The FDIC Is Broke. Now What? (Part II) Insiders Are Dumping Stock Dollar to
Decline Amid Concern It 'May Lose Reserve Status'... Jobless spike compounds
foreclosure crisis
Insiders Are Dumping Stock
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…
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
Report: US dollars funding Israeli settlements
Israeli govt to grab more land
Team Twitter: israel’s Internet War
Israel army destroys house inside Gaza: witnesses (AFP)
How Israel lobby controls US IN the early 1960s, Sen. William J. Fulbright
fought to force the American Zionist Council to register as agents of a
foreign government. The council eluded registration by reorganizing as the
American...
Arrest of NJ Rabbis, Mayors, Lays Bare Global Crime Cabal The case of the New
Jersey rabbis who ran a mafia-style syndicate—with a sideline in body parts—
is only part of a global criminal conspiracy to traffic in human body parts
headquartered in Israel and financed by the Israeli National Health Plan.
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.
‘Israel too weak to start war against Iran’
‘Israel should be serious about peace’
Bribery and fraud at heart of defense contracting work in Iraq and
Afghanistan
Afghan war questioned as more bodies flown home
Figure, a typical corrupt Jersey City political operative and defendant in NJ
corruption scandal found dead at home...
In anti-US rally, israelis slam u.s. as not pro-israel/jew racist enough’
Israeli tanks on rampage in Gaza Strip Settlements defy solution 304,569
occupiers in West Bank now
Hamid Gul: I am being demonized by Jews
Rabbis, Politicians Snared in FBI Sting
Go to following pages for above links:
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
Insiders Are Dumping Stock
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…
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
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…
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
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 Equity Market:
Things Look Ugly for the Bulls Cam Hui…Given some of my recent warnings about
the equity market (see here and here), these additional data points are more
indications of the precarious state of the US equity market… Will
'Self-Preservation' Work After Decades of Fiscal Suicide? Jeff Nielson …After
decades of fiscal suicide, it is efforts at self-preservation which cement
the fate of the U.S. economy. However, with a Ponzi-scheme economy which is
now suffering the fate of all Ponzi-schemes, self-preservation is the only
strategy left for Americans.
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
Ezra Nawi: Jewish Pacifist Facing Jail for Aiding Arabs (Time.com)
Israel rejects Sarkozy call to free prisoner (AFP) Abbas rules out talks
unless Israel halts settlements (AFP) israel urged to ‘rush’ into attack on
Iran
Israel killed Gazans waving white flags GAZA CITY: New York-based Human
Rights Watch (HRW) said in a reported on Thursday that Israeli soldiers
killed 11 Palestinian civilians, including five women and four children,
waving white flags during...
Go to following pages for above links:
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
REAL ECONOMIC/STOCK MARKET FORECASTS
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.
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
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 Equity Market:
Things Look Ugly for the Bulls Cam Hui…Given some of my recent warnings about
the equity market (see here and here), these additional data points are more
indications of the precarious state of the US equity market… Will
'Self-Preservation' Work After Decades of Fiscal Suicide? Jeff Nielson …After
decades of fiscal suicide, it is efforts at self-preservation which cement
the fate of the U.S. economy. However, with a Ponzi-scheme economy which is
now suffering the fate of all Ponzi-schemes, self-preservation is the only
strategy left for Americans.
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
Thanks to Federal Reserve Chairman, Ben Bernanke, U.S. governments,
businesses and citizens were totally unprepared for the current economic
collapse. It was Bernanke who first told Americans that he and the other
banksters had created a “Goldilocks economy” where stock and home prices
would always go up and never go down, and jobs would be plentiful.
Then, when the magnitude of the U.S. housing “bubble” grew large enough for
all to see, Bernanke promised America a “soft landing” - vowing that when the
largest asset-bubble in history burst that it would have virtually no impact
on the U.S. economy.
As a result of Bernanke's lies, businesses, citizens and governments must now
make drastic adjustments to their budgeting and related spending decisions.
These difficult choices all have repercussions. Not only do the consequences
of these decisions have negative impacts on other players in the U.S.
economy, but many of the short-term, necessity-driven decisions made by
various entities today have negative, long-term impacts on themselves.
U.S. citizens are the most-indebted people on the planet. Thus, over the
short-term, as a matter of survival, Americans must dramatically curb their
spending to pay down their debts to a level which doesn't threaten them with
imminent bankruptcy.
Yet, with 70% of the U.S. economy dependent on consumption (and thus 70% of
the jobs, as well), as Americans make necessary reductions in their
debt-levels this reduced spending will inevitably cause the loss of vast
numbers of jobs in the retail sector. Therefore, someone reducing their
personal debts to help improve their financial picture may very well contribute
to their own loss of employment (and financial ruin) in doing so.
As for the retailers themselves, they have already noted this “generational
shift” in U.S. consumer behavior (see “The Death of the U.S. Consumer
Economy”). With the U.S. retail sector having an absurd amount of excess
capacity given the long-term decline in spending which has just begun, these
companies have little flexibility.
They are planning on dramatically reducing the number of retail outlets they
operate in favor of shifting to more “online retailing” - the only segment of
the retail sector which has not been devastated by declining sales (apart
from Wal-Mart (WMT)). This inevitably means vast numbers of lay-offs for U.S.
retailers.
The problem with this strategy is that every lay-off eliminates one more
consumer still able to consume at close to previous levels. Thus, the more
that retailers scale-back into online sales to cut costs, the more they
reduce the spending power of the consumers who support their businesses. This
is a self-reinforcing downward spiral – which the U.S. government has not
even begun to address.
Indeed, with their knee-jerk response to the crises which are occurring on
various fronts, on a regular basis, the U.S. government often hurts one group
when it tries to help another. It's “Cash-for-Clunkers” program had an
immediate (if temporary) positive impact for U.S. automakers.
However, getting the most-indebted people on the planet to go further into
debt – to purchase a “big-ticket” item like a car has some very powerful,
negative consequences. To start with, the consumer dollars which went into
these automobile purchases immediately reduced the amount of spending these
same consumers are doing with all the rest of the American retailers.
Meanwhile, many of these car-buyers will end up defaulting on their car
loans, adding to the grossly excessive supply of used cars in the U.S.
market. And, as even the “experts” acknowledge, many of the cars purchased
today will directly subtract from purchases which would have been made in
2010. Thus, while Ford (F) boldly announced plans to increase production, a
Cash-for-Clunkers “hangover” is already guaranteed to negatively impact these
companies next year.
Furthermore, “Cash-for-Clunkers” is already seeing reduced demand from
Americans, despite the fact the U.S. government just tripled the amount of
money they are throwing at this problem. There simply are not that many
Americans ready/willing/able to indulge in the purchase of a new automobile
right now.
Worse, Americans will be making payments on these new cars for years, meaning
that the money which disappeared from general retail spending in July is
gone. While manufacturing automobiles requires a lot of labour (and thus
jobs), retail sales of cars is not very labour-intensive compared to many
other forms of consumer spending. Thus, this small, one-time boost to the
U.S. manufacturing sector has a significantly negative long-term impact on
the entire U.S. retail sector.
As has been widely reported, U.S. banks are cutting credit-limits, reducing
lending, and “tightening the screws” further on Americans by increasing the
size of minimum payments on credit card balances. Putting aside the fact that
only complete idiots carry significant credit card balances, these efforts at
“self-preservation” hurt everyone – including the banks themselves.
Reducing credit to a consumer economy which is addicted to credit obviously
has negative repercussions – part of the same vicious circle described
earlier. With U.S. consumers forced to spend less through the dramatic
reduction in available credit, this reduced spending means large numbers of
job-losses, with those losing their jobs becoming the most likely candidates
to default on the numerous categories of debt held by U.S. banks.
Thus, as banks try to “protect” themselves through restricting credit, they
create large numbers of defaults – translating into even more losses on their
balance sheets, and at a time when all categories of loan-delinquencies are
already at all-time records.
In the devastated U.S. housing sector, “self-preservation” is also producing
(or will produce) its own series of unintended consequences. With virtually
all U.S. home-builders threatened with bankruptcy, and sales of higher-end
homes completely evaporating, all U.S. home-builders rushed into the low-end
housing market (primarily through apartments/condominiums) – at the same
time.
The result of this flight-of-the-lemmings is that for well over a year, every
month U.S. home-builders have been starting construction on (at least) 50%
more homes than they are selling. Increasing inventories in the most
over-supplied housing market in history threatens the survival of all these
home-builders – both individually and collectively.
Then there are the retiring U.S. baby-boomers, who are suddenly discovering
that their retirements are severely under-funded. This shortfall can only
increase dramatically as the U.S. government cannot pay any of the unfunded
$70 trillion in entitlement-programs – which these same baby-boomers planned
on leaching from their children and grandchildren.
With real estate comprising 75% of the assets of these baby-boomers, dumping
real estate (year-after-year, decade-after-decade) is their only option. With
over 20 million empty homes across the U.S., there is an endless supply of
homes – all aimed at a tiny portion of Americans capable of being future
buyers in this shattered economy.
This is the inevitable outcome of running a “Ponzi-scheme economy”, where
mountains of leveraged debt can only be stabilized by mountains of new debt
to allow borrowers to (temporarily) continue to make payments on debts they
will never pay off.
As has been frequently pointed out by one-time laughing-stock, Peter Schiff
(and many other non-mainstream commentators), you cannot solve economic
problems caused by recklessly excessive borrowing-and-spending by engaging in
even more reckless borrowing-and-spending.
“Self-preservation” actions are more than offsetting efforts by the Obama
regime to re-inflate this Ponzi-scheme. The only path to financial health for
Americans (and the United States, as a whole) is to dramatically ratchet-down
spending and debt-levels – which can only occur over a period of many years.
The problem is that this “deficits don't matter” economy was based upon the
foundation of ever-increasing debt. As with all other Ponzi-schemes, the U.S.
economy cannot be fixed.
While individual actors may be able to save themselves as the “Titanic” goes
down, the sinking of the U.S. economy is as inevitable as that ill-fated
cruise ship. Attempts to avoid this certain fate can only make matters worse.
For those who believe that nothing could be worse than default on the
national debt, I urge people to study the examples of other doomed economies
which tried to avoid an inevitable fate – invariably through more reckless
borrowing, followed by even more reckless money-printing. This inevitably
means hyperinflation: the reduction of the value of currency to zero,
followed by national default.
The United States is already confronted by total public and private debts
which exceed $56 TRILLION. This mountain of debt is much too large to even be
serviced by this relatively puny economy – as demonstrated by the fact the
U.S. government is already forced to print money just to pay the interest on
its debt.
Add in the additional $70 trillion (or so) of additional “unfunded
liabilities”, and the question immediately shifts from “if” the U.S. will
default on its debts to “when” it will default on its debts.
It's a matter of elementary logic that a nation which has to print money to
pay interest on its current debts (while borrowing more money at a faster
rate than any time in history) cannot possibly reduce future spending by $70
trillion. Even if this was spread out over thirty years, this would mean
cutting spending by more than $2 trillion per year.
After decades of fiscal suicide, it is efforts at self-preservation which
cement the fate of the U.S. economy. However, with a Ponzi-scheme economy
which is now suffering the fate of all Ponzi-schemes, self-preservation is
the only strategy left for Americans.
Equity Market: Things Look Ugly for the Bulls Cam Hui…Given some of my recent
warnings about the equity market (see here and here), these additional data
points are more indications of the precarious state of the US equity market…
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
This has been a huge, fraudulent scam and this depression is just beginning!
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
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..
REAL ECONOMIC/STOCK MARKET FORECASTS
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.
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
Maine TV Station Airs Report on National Guard and Flu Pandemic Riots Equal
Opportunity: Bush as Joker Poster for Download Florida Police Interrogate Suspect
in Obama-Joker Poster Crime Excellent Obama as Joker Contest Entries Keep
Coming Infowars | The response to the video contest to expose Obama is
overwhelming. Obama Joker Poster Banned From Workplace US raid claims 3 more
Afghan’ civilian lives Military Confirms States Deciding Mandatory
Vaccination
Go to following pages for above links:
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
Colonial BancGroup shut down by federal officials (AP) Economist: Claim that Economy
Has Recovered “Is Like Somebody Borrowing Money from Their Uncle and Then
Celebrating that Their Income Has Gone Up” Workers Slotted for Layoff Block
Road Outside Wells Fargo Headquarters US preparing to prosecute 150 UBS
account holders Toxic Loans May Push 150 Banks to Point of No Return
Bloomberg | More than 150 publicly traded U.S. lenders own nonperforming
loans that equal 5 percent or more of their holdings, a level that former
regulators say can wipe out a bank’s equity and threaten its survival.
Economist: Claim that Economy Has Recovered “Is Like Somebody Borrowing Money
from Their Uncle and Then Celebrating that Their Income Has Gone Up”
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…
Toxic Loans May Push 150 Banks to Point of No Return Bloomberg | More than
150 publicly traded U.S. lenders own nonperforming loans that equal 5 percent
or more of their holdings, a level that former regulators say can wipe out a
bank’s equity and threaten its survival.
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
Published: 8:26PM BST 12 Aug 2009
Britain's Uber-bear is growling again. After predicting a torrid "relief
rally" over the early summer, Bob Janjuah at Royal Bank of Scotland is
advising clients to take profits in global equity and commodity markets and
prepare for another storm as winter nears. "We are now in the middle of
a parabolic spike up," he said in his latest confidential note to
clients. "I expect this risk rally to continue into – and maybe through
– a large part of August. What happens after that? The next ugly leg of the
bear market begins as we get into the July through September 'tipping zone',
driven by the failure of the data to validate the V (shaped recovery) that is
now fully priced into markets." The key indicators to watch are business
spending on equipment (Capex), incomes, jobs, and profits. Only a "surge
higher" in these gauges can justify current asset prices. Results that
are merely "less bad" will not suffice.
He expects global stock markets to test their March lows, and probably worse.
The slide could last three months. "A move to new lows is highly
likely," he said. Mr Janjuah, RBS's chief credit strategist, has a loyal
following in the City. He was one of the very few analysts to speak out early
about the dangerous excesses of the credit bubble. He then made waves in the
summer of 2008 by issuing a global crash alert, giving warning that a
"very nasty period is soon to be upon us" as – indeed it was.
Lehman Brothers and AIG imploded weeks later.
This time he expects the S&P 500 index of US equities to reach the
"mid 500s", almost halving from current levels near 1000. Such a
fall would take London's FTSE 100 to around 2,500. The iTraxx Crossover index
measuring spreads on low-grade European debt will double to 1250.
Mr Janjuah advises investors to seek safety in 10-year German bonds in late
August or early September.
While media headlines have played up the short-term bounce of corporate
earnings, Mr Janjuah said this is a statistical illusion. Profits were in
reality down 20pc in the second quarter from the year before. They cannot
rise much as the West slowly purges debt and adjusts to record over-capacity.
"Investors are again being sucked back into the game where 'markets make
opinions', where 'excess liquidity' is the driving investment rationale.
"The last two Augusts proved to be pivotal turning points: August 2007
being the proverbial 'head-fake' when everyone wanted to believe that
policy-makers had seen off the credit disaster at the pass, and August 2008
being the calm before the utter collapse of Sept/Oct/Nov… 3rd time lucky
anyone?" The elephant in the room is the spiralling public debt as
private losses are shifted on to the taxpayer, especially in Britain and
America. "Ask yourself this: who bails out Government after they have
bailed out everyone?" Mr Janjuah said governments might put off the day
of reckoning into the middle of next year if they resort to another shot of
stimulus, but that would store yet further problems. "If what I fear
plays out then I will have to concede that the lunatics who ran the asylum
pretty much into the ground last year are back in control." …
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
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
DRUDGEREPORT: Federal deficit higher in July, $1.27T this year; Record
spending...
Home foreclosures set another record in July; Rise 7%...
PAGLIA: PELOSI MUST GO...
RASMUSSEN POLL: Obama Approval Rating Falls to New Low: 47 %...
'No He Can't!' Anti-Obama Trinkets Explode in Sales...
VIDEO: Sen. Specter Shouted Down Over Health Care...
SEE THEM SWEAT IN NEW JERSEY...
Israel rejects Sarkozy call to free prisoner (AFP) Abbas rules out talks
unless Israel halts settlements (AFP) israel urged to ‘rush’ into attack on
Iran
Go to following pages for above links:
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
I had occasion to hear a caller from Bloomsburg, PA, call in to a radio (I
take a sampling from time to time) talk show (coasttocoastam.com) guest
regarding security, citing Eisenhower’s admonition regarding the military
industrial complex correctly and simply pointed out that the continued
(illegal) wars (war profiteering, etc.) by u.s. are to keep the money rolling
to and for the benefit of the military industrial complex.
It’s quite that simple and to the detriment of this and other nations (and
importantly, innocent civilians) though his astute observation drew little
fanfare though deserving accolades.
Go to following pages for above links:
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
Published: 8:26PM BST 12 Aug 2009
Britain's Uber-bear is growling again. After predicting a torrid "relief
rally" over the early summer, Bob Janjuah at Royal Bank of Scotland is
advising clients to take profits in global equity and commodity markets and
prepare for another storm as winter nears. "We are now in the middle of
a parabolic spike up," he said in his latest confidential note to
clients. "I expect this risk rally to continue into – and maybe through
– a large part of August. What happens after that? The next ugly leg of the
bear market begins as we get into the July through September 'tipping zone',
driven by the failure of the data to validate the V (shaped recovery) that is
now fully priced into markets." The key indicators to watch are business
spending on equipment (Capex), incomes, jobs, and profits. Only a "surge
higher" in these gauges can justify current asset prices. Results that
are merely "less bad" will not suffice.
He expects global stock markets to test their March lows, and probably worse.
The slide could last three months. "A move to new lows is highly
likely," he said. Mr Janjuah, RBS's chief credit strategist, has a loyal
following in the City. He was one of the very few analysts to speak out early
about the dangerous excesses of the credit bubble. He then made waves in the
summer of 2008 by issuing a global crash alert, giving warning that a
"very nasty period is soon to be upon us" as – indeed it was.
Lehman Brothers and AIG imploded weeks later.
This time he expects the S&P 500 index of US equities to reach the
"mid 500s", almost halving from current levels near 1000. Such a
fall would take London's FTSE 100 to around 2,500. The iTraxx Crossover index
measuring spreads on low-grade European debt will double to 1250.
Mr Janjuah advises investors to seek safety in 10-year German bonds in late
August or early September.
While media headlines have played up the short-term bounce of corporate
earnings, Mr Janjuah said this is a statistical illusion. Profits were in
reality down 20pc in the second quarter from the year before. They cannot
rise much as the West slowly purges debt and adjusts to record over-capacity.
"Investors are again being sucked back into the game where 'markets make
opinions', where 'excess liquidity' is the driving investment rationale.
"The last two Augusts proved to be pivotal turning points: August 2007
being the proverbial 'head-fake' when everyone wanted to believe that
policy-makers had seen off the credit disaster at the pass, and August 2008
being the calm before the utter collapse of Sept/Oct/Nov… 3rd time lucky
anyone?" The elephant in the room is the spiralling public debt as
private losses are shifted on to the taxpayer, especially in Britain and
America. "Ask yourself this: who bails out Government after they have
bailed out everyone?" Mr Janjuah said governments might put off the day
of reckoning into the middle of next year if they resort to another shot of
stimulus, but that would store yet further problems. "If what I fear
plays out then I will have to concede that the lunatics who ran the asylum
pretty much into the ground last year are back in control." …
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
Published: 8:26PM BST 12 Aug 2009
Britain's Uber-bear is growling again. After predicting a torrid "relief
rally" over the early summer, Bob Janjuah at Royal Bank of Scotland is
advising clients to take profits in global equity and commodity markets and
prepare for another storm as winter nears. "We are now in the middle of
a parabolic spike up," he said in his latest confidential note to
clients. "I expect this risk rally to continue into – and maybe through
– a large part of August. What happens after that? The next ugly leg of the
bear market begins as we get into the July through September 'tipping zone',
driven by the failure of the data to validate the V (shaped recovery) that is
now fully priced into markets." The key indicators to watch are business
spending on equipment (Capex), incomes, jobs, and profits. Only a "surge
higher" in these gauges can justify current asset prices. Results that
are merely "less bad" will not suffice.
He expects global stock markets to test their March lows, and probably worse.
The slide could last three months. "A move to new lows is highly
likely," he said. Mr Janjuah, RBS's chief credit strategist, has a loyal
following in the City. He was one of the very few analysts to speak out early
about the dangerous excesses of the credit bubble. He then made waves in the
summer of 2008 by issuing a global crash alert, giving warning that a
"very nasty period is soon to be upon us" as – indeed it was.
Lehman Brothers and AIG imploded weeks later.
This time he expects the S&P 500 index of US equities to reach the
"mid 500s", almost halving from current levels near 1000. Such a
fall would take London's FTSE 100 to around 2,500. The iTraxx Crossover index
measuring spreads on low-grade European debt will double to 1250.
Mr Janjuah advises investors to seek safety in 10-year German bonds in late
August or early September.
While media headlines have played up the short-term bounce of corporate
earnings, Mr Janjuah said this is a statistical illusion. Profits were in
reality down 20pc in the second quarter from the year before. They cannot
rise much as the West slowly purges debt and adjusts to record over-capacity.
"Investors are again being sucked back into the game where 'markets make
opinions', where 'excess liquidity' is the driving investment rationale.
"The last two Augusts proved to be pivotal turning points: August 2007
being the proverbial 'head-fake' when everyone wanted to believe that
policy-makers had seen off the credit disaster at the pass, and August 2008
being the calm before the utter collapse of Sept/Oct/Nov… 3rd time lucky
anyone?" The elephant in the room is the spiralling public debt as
private losses are shifted on to the taxpayer, especially in Britain and
America. "Ask yourself this: who bails out Government after they have
bailed out everyone?" Mr Janjuah said governments might put off the day
of reckoning into the middle of next year if they resort to another shot of
stimulus, but that would store yet further problems. "If what I fear
plays out then I will have to concede that the lunatics who ran the asylum
pretty much into the ground last year are back in control." …
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
Specter: Critics don’t “represent all of America” Riiiiight!…that old “silent
majority trick”
Sen. Specter Shouted Down Over Health Care Sen. Arlen Specter (D-PA), who had
his brain drained some years ago, was shouted down at a health care town hall
meeting. The man accused Specter of having his pockets stuffed with money
from lobbyists.
Gerald Celente 2.5 Million Jobs Lost Since Obama’s Presidency You Tube |
Trends Forecaster (trendsresearch.com) Gerald Celente speaks with Russia
Today about the real effects of the economic downturn under Obama– starting
with mass job loss.
Go to following pages for above links:
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
The TARP Time Bomb the Media Missed
…So far, David Corn observes, the news that TARP’s billions have not been
used as intended, and that the economy remains at real risk, has barely
registered on the media’s radar. Read the rest of the column here. An
Economic Time-Bomb Being Mishandled by the Obama Administratio…On Tuesday, the
Congressional Oversight Panel, which was set up to monitor the $700 billion
Troubled Assets Relief Program (aka the Big Bank Bailout), put out another of
its monthly reports, and this one notes that the Treasury Department has not
used its TARP billions to purchase this junk–which includes both lousy
commercial and residential mortgages and securities based on lousy
mortgages–and that billions of dollars of toxic assets remain on the books,
threatening the security of numerous financial institutions...
Don’t forget: 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…
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
Bob Prechter Quite Sure Next Wave Down In Stock Prices Will Be Bigger and
March Lows Will Break
'No He Can't!' Anti-Obama Trinkets Explode in Sales...
VIDEO: Sen. Specter Shouted Down Over Health Care...
SEE THEM SWEAT IN NEW JERSEY...
Go to following pages for above links:
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
Sen. Specter Shouted Down Over Health Care Sen. Arlen Specter (D-PA), who had
his brain drained some years ago, was shouted down at a health care town hall
meeting. The man accused Specter of having his pockets stuffed with money
from lobbyists.
Go to following pages for above links:
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
Florida News Report on Obama Joker “Vandalism” Kurt Nimmo | It will now be
considered a racist crime to criticize and parody Obama. How long before this
criticism and disagreement becomes a punishable crime? Critics Say White
House Enemies List Illegal NY Times Reporter: I Was Fired For Criticizing
Obama, Goldman Sachs Under Obamacare, The Government Would Indoctrinate Your
Kids Paul Joseph Watson | Chuck Norris slams Stalinist “home intrusion and
indoctrination” program. TV star and political commentator Chuck Norris points
out in an editorial today that under the Obamacare legislation currently
being vociferously opposed in town halls across the country, the government
would empower itself to carry out home intrusions and state re-education of
children under a Stalinist indoctrination program. Citizen Revolt to Obama
Care Amid protests, Obama assails insurance companies Obama Caught Lying
Again, Making Back Room Deals with Pharmaceutical Lobbyists This is No
Recession, It’s a Depression: It’s a Planned Demolition Mike Whitney | The
financial meltdown is the logical outcome of the Fed’s monetary policies.
It’s a planned demolition. German Media Covers Obama Joker Poster Why Are
Internment Camps Being Built? Chuck Baldwin | Why is the federal government
constructing large numbers of internment camps, and who does the government
plan on incarcerating in those camps? Judge Jails Man for Yawning in Court
Sibel Edmonds Deposition: Deep Corruption Beneath the Surface Erik Larson |
No so-called “mainstream” print or broadcast media showed up to cover the
deposition. Torturing Children: Bush’s Legacy and Democracy’s Failure
Blackwater linked to political murders and sex ring Attacks Against Iran
Intensify Does the US Run the Iranian Opposition? Lew Rockwell | Hillary
admits to the the funding and support, but it becomes clearer and clearer
that the Green Revolution was just another Made in the USA color aggression.
Go to following pages for above links:
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
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..
SELL / TAKE PROFITS WHILE YOU CAN IN THIS UNIQUELY PREPOSTEROUS AND
FRAUDULENT ENVIRONMENT
Bob Prechter Quite Sure Next Wave Down Will Be Bigger and March Lows Will
Break In late February, Robert Prechter of Elliott Wave International said
"cover your shorts," and predicted a sharp rally that would take
the S&P into the 1000 to 1100 range. With that prediction having come to pass,
Prechter is now saying investors should "step aside" from long
positions, and speculators should "start looking at the short
side.""The big question is whether the rally is over,"
Prechter says, suggesting "countertrend moves can be tricky" to
predict. But the veteran market watcher is "quite sure the next wave
down is going to be larger than what we've already experienced," and
take major averages well below their March 2009 lows. Yes, the late
2007-early 2009 market debacle was just a warm-up to what Prechter believes
will be the bear market's main attraction. In this regard, he says the
current cycle will echo past post-bubble periods such as America in the 1930s
and England in the 1720s, after the bursting of the South Sea bubble. The
2000 market peak market a "major trend change" for the market from
a very long-term cycle perspective, and the downside is going to continue to
be painful well into the next decade, Prechter says. "The extreme
overvaluation, the manic buying and bubbles in the late 1990s [and] mid-2000s
are for the history books - they're very large," he says. "The bear
market is going to have balance that out with some sort of significant
retrenchment."
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
The Market's Horoscope: Downside Correction Peter Cooper, Seeking Alpha
…What is happening? The stage is being set for a massive wipeout in equities
worldwide. The days of this supercycle peak that fund managers believe they
can ride for much longer are numbered. People are going to wait too long and
when the stampede begins, they won’t be able to find buyers for their stocks.
Hedge fund strategies will fail. Absolute returns will fail. Pension funds
will suffer.
Civil infrastructures will be tested to their limits against growing numbers
of the poor as they migrate to richer countries. Companies will be going
bankrupt by the dozen.
It is time you began to reflect on this possibility very seriously. It could
be many years before the equity markets even begin to regain their current
levels. If you do not have five to 10 years to spend waiting for your
investments to recover, then the stock markets are definitely not the place
you should be at the end of this decade…
That is what they normally do, and this is the worst recession in living
memory, so logically it ought to be a worse market downturn than normal (and
certainly not better as it is now)…It would not be unreasonable to expect a
capitulation this autumn to hit 50 per cent of current levels, or 500 points
on the S&P. http://seekingalpha.com/article/154879-the-market-s-horoscope-downside-correction?source=yahoo
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
The Market's Horoscope: Downside Correction Peter Cooper, Seeking Alpha
…What is happening? The stage is being set for a massive wipeout in equities
worldwide. The days of this supercycle peak that fund managers believe they
can ride for much longer are numbered. People are going to wait too long and
when the stampede begins, they won’t be able to find buyers for their stocks.
Hedge fund strategies will fail. Absolute returns will fail. Pension funds
will suffer.
Civil infrastructures will be tested to their limits against growing numbers
of the poor as they migrate to richer countries. Companies will be going
bankrupt by the dozen.
It is time you began to reflect on this possibility very seriously. It could
be many years before the equity markets even begin to regain their current
levels. If you do not have five to 10 years to spend waiting for your
investments to recover, then the stock markets are definitely not the place
you should be at the end of this decade…
That is what they normally do, and this is the worst recession in living
memory, so logically it ought to be a worse market downturn than normal (and
certainly not better as it is now)…It would not be unreasonable to expect a
capitulation this autumn to hit 50 per cent of current levels, or 500 points
on the S&P.
http://seekingalpha.com/article/154879-the-market-s-horoscope-downside-correction?source=yahoo
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
How Israel lobby controls US IN the early 1960s, Sen. William J. Fulbright
fought to force the American Zionist Council to register as agents of a
foreign government. The council eluded registration by reorganizing as the
American...
Arrest of NJ Rabbis, Mayors, Lays Bare Global Crime Cabal The case of the New
Jersey rabbis who ran a mafia-style syndicate—with a sideline in body parts—
is only part of a global criminal conspiracy to traffic in human body parts
headquartered in Israel and financed by the Israeli National Health Plan.
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.
‘Israel too weak to start war against Iran’
‘Israel should be serious about peace’
Bribery and fraud at heart of defense contracting work in Iraq and
Afghanistan
Afghan war questioned as more bodies flown home
Figure, a typical corrupt Jersey City political operative and defendant in NJ
corruption scandal found dead at home...
In anti-US rally, israelis slam u.s. as not pro-israel/jew racist enough’
Israeli tanks on rampage in Gaza Strip Settlements defy solution 304,569
occupiers in West Bank now
Hamid Gul: I am being demonized by Jews
Rabbis, Politicians Snared in FBI Sting
Go to following pages for above links:
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
Scams And Bailouts The Cause of World Depression This Is Where Each of Your
1.421 Trillion Dollars Is Going In 2010 European Court Ruling spells an end
to water fluoridation Warships in Suez prepare for Iran attack Iraq’s worst
violence since withdrawal Abuse Images ‘Disgust’ Top US Military Chief
Report: Bumbling, bungling, brain-damaged war criminal bush mulled sending
troops into Buffalo (AP)
israelis arrest Palestinian civilian/activist
How Israel lobby controls US IN the early 1960s, Sen. William J. Fulbright
fought to force the American Zionist Council to register as agents of a
foreign government. The council eluded registration by reorganizing as the
American...
israel censors/removes Nakba from schoolbooks Dozens wounded in Gaza wedding
blast Editorial: Wrong calculations
DRUDGEREPORT: USATODAYGALLUP: Poll Danger Signs; Obama Tracking Lower Than
Carter...
Detroit Schools on the Brink, Bankruptcy...
WIRE: So what happened to the promises?
California counties, cities to fight budget deal...
Israeli govt to grab more land
Team Twitter: israel’s Internet War
Israel army destroys house inside Gaza: witnesses (AFP)
Go to following pages for above links:
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
Arrest of NJ Rabbis, Mayors, Lays Bare Global Crime Cabal The case of the New
Jersey rabbis who ran a mafia-style syndicate—with a sideline in body parts—
is only part of a global criminal conspiracy to traffic in human body parts
headquartered in Israel and financed by the Israeli National Health Plan.
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.
‘Israel too weak to start war against Iran’
‘Israel should be serious about peace’
Bribery and fraud at heart of defense contracting work in Iraq and
Afghanistan
Afghan war questioned as more bodies flown home
Figure, a typical corrupt Jersey City political operative and defendant in NJ
corruption scandal found dead at home...
In anti-US rally, israelis slam u.s. as not pro-israel/jew racist enough’
Israeli tanks on rampage in Gaza Strip Settlements defy solution 304,569
occupiers in West Bank now
Hamid Gul: I am being demonized by Jews
Rabbis, Politicians Snared in FBI Sting
Go to following pages for above links:
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
Scams And Bailouts The Cause of World Depression This Is Where Each of Your
1.421 Trillion Dollars Is Going In 2010 European Court Ruling spells an end
to water fluoridation Warships in Suez prepare for Iran attack Iraq’s worst
violence since withdrawal Abuse Images ‘Disgust’ Top US Military Chief
Report: Bumbling, bungling, brain-damaged war criminal bush mulled sending
troops into Buffalo (AP)
israelis arrest Palestinian civilian/activist
How Israel lobby controls US IN the early 1960s, Sen. William J. Fulbright
fought to force the American Zionist Council to register as agents of a
foreign government. The council eluded registration by reorganizing as the
American...
israel censors/removes Nakba from schoolbooks Dozens wounded in Gaza wedding
blast Editorial: Wrong calculations
DRUDGEREPORT: USATODAYGALLUP: Poll Danger Signs; Obama Tracking Lower Than
Carter...
Detroit Schools on the Brink, Bankruptcy...
WIRE: So what happened to the promises?
California counties, cities to fight budget deal...
Israeli govt to grab more land
Team Twitter: israel’s Internet War
Israel army destroys house inside Gaza: witnesses (AFP)
Go to following pages for above links:
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
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.
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
Max Keiser: Prosecute the Bankster Crime Syndicate Some banks paid bonuses
bigger than income (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…
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
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%
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
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
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
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%
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
[$$] Banks Won Concessions on Tests (at The Wall Street Journal Online) [$$]
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
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
Group protests Israeli move on pope’s visit to Palestine
Israeli ‘dove’ speaks of Iran war
Israel would not ask U.S. before hitting Iran
The End of Free Speech? Criminalizing Criticism of Israel
UN blasts Israel for school attack
US wants Israel, India, Iran to sign NPT
Israeli troops kill Palestinian at West Bank shrine (Reuters)
Most Israelis would support Iran strike
‘Iran has hard evidence of Israeli war crimes’
Go to following pages for above links:
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
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 Annual Elite Conclave, 58th Bilderberg Meeting to be held in Greece,
May 14-17
Your Blog is a Weapon? House Bill suggests Hurting Feelings illegal but
constraints/prior restraints on free speech/censorship more damaging and
illegal
Flu Pandemic Propaganda and Profit
US blitz kills 100 Afghan Civilians
UN blasts Israel for school attack
US wants Israel, India, Iran to sign NPT
Israeli troops kill Palestinian at West Bank shrine (Reuters)
7 of 10 lawmakers skip oversight hearing...
Lawmakers pass resolution claiming Oklahoma's sovereignty...
Go to following pages for above links:
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
SELL/ TAKE PROFITS WHILE YOU CAN SINCE MUCH WORSE TO COME
(5-6-09) Dow 8,512.28 +101.63 +1.21% 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 1,759.10 +4.98 +0.3% 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
919.53 +15.73 +1.7% 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 $56.34 (-54% for year
2008) (RECORD TRADING HIGH $147.27) GAS $2.09 (reg. gas in LAND OF FRUITS AND
NUTS $2.33 REG./ $2.55 MID-GRADE/ $2.79 PREM./ $2.53 DIESEL)/ GOLD $911
[video] Gold Surges Stocks/Gold Comparison (+5.58% for year 2008) / SILVER
$13.53 PLATINUM $1139/ DOLLAR= .74 EURO, 98 YEN, .66 POUND STERLING, ETC.
(How low can you go - LOWER)/ 10 YR NOTE YIELD 3.15% …..… AP Business
Highlights … ...Yahoo Market Update... ] YAHOO - BRIEFING.COM Weekly Recap
Trendsresearch.com forecast for 2009 . ‘WORST ECONOMIC COLLAPSE EVER’
Absolutely, Absurdly, Ridiculous! Yes, there is a full moon so that explains
in large part the up move based 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
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
Obama wisely hints at tougher line on Israel...
US forgives Israeli spies amid AIPAC heat A US court has formally dropped
espionage charges against two pro-Israeli lobbyists amid a scandal that had
threatened to expose the extent of Israeli grip on US politics.
Most Israelis would support Iran strike
Go to following pages for above links:
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
(5-5-09) Dow 8,410.65 -16.09 -0.19% 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 1,754.12 -9.44 -0.54% 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
903.80 -3.44 -0.38% [CLOSE- OIL $53.80 (-54% for year 2008) (RECORD TRADING
HIGH $147.27) GAS $2.09 (reg. gas in LAND OF FRUITS AND NUTS $2.33 REG./
$2.55 MID-GRADE/ $2.79 PREM./ $2.53 DIESEL)/ GOLD $905 [video] Gold Surges
Stocks/Gold Comparison (+5.58% for year 2008) / SILVER $13.35 PLATINUM $1125/
DOLLAR= .74 EURO, 98 YEN, .66 POUND STERLING, ETC. (How low can you go -
LOWER)/ 10 YR NOTE YIELD 3.13% …..… AP Business Highlights … ...Yahoo Market
Update... ] YAHOO - BRIEFING.COM Weekly Recap Trendsresearch.com forecast for
2009 . ‘WORST ECONOMIC COLLAPSE EVER’ Absolutely, Absurdly, Ridiculous! 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!
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
Buffett dispenses gloom at Berkshire-clear is the reason he’s been shilling
stocks
Buffett dispenses gloom at Berkshire fest…Buffett offered a gloomy forecast
for parts of the economy and Berkshire itself, saying some units are laying
off workers as managers "look at the reality of the current
situation."… Buffett acknowledged that Berkshire will probably lose
money on derivatives tied to the credit quality of junk bonds, though he
still expects to make money on a much larger and longer-term derivatives bet
that stock prices will rise (now clear is the reason he’s been shilling
stocks though contra-indicated).
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
(5-2-09) Even the Most Minimal of Precautions to Protect americans from such
as the Swine Flu/h1n1/etc. Would Necessarily Require Sealing the Border With
mexico Which Would Accomplish Much, Much More!
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
Israeli air raid kills two Gaza Palestinians: medics (AFP)
UN demands Israel stop demolitions
Straight-shooting Professor's Holocaust-Gaza comparison stirs debate (AP)
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
Buffett dispenses gloom at Berkshire fest…Buffett offered a gloomy forecast
for parts of the economy and Berkshire itself, saying some units are laying
off workers as managers "look at the reality of the current
situation."… Buffett acknowledged that Berkshire will probably lose money
on derivatives tied to the credit quality of junk bonds, though he still
expects to make money on a much larger and longer-term derivatives bet that
stock prices will rise (now clear is the reason he’s been shilling stocks
though contra-indicated).
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
The Economic Pain Ain't Over Yet -government is doing the wrong thing.
The Economic Pain Ain't Over Yet ‘Bottom line - the government is doing
absolutely the wrong thing. They are supporting those that created this mess
(with significant moral hazard) to prompt more credit when the root of our
problems is too much credit. We need to flush the system and get rid of the
credit spending but instead we are pushing for a new bubble. At best, if it
works, we are kicking the problem down the street. Not a good plan - not at
all!! The other day I mentioned I do not like Geithner or Summers. … If you
like Summers and Geithner, please take the time to read up on them. They are
insiders on the banks we are supporting with obscene amounts of money, which
makes me sick. These people need a public flogging, not taxpayer support.’
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
(5-2-09) Even the Most Minimal of Precautions to Protect americans from such
as the Swine Flu/h1n1/etc. Would Necessarily Require Sealing the Border With
mexico Which Would Accomplish Much, Much More!
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
The Economic Pain Ain't Over Yet -government is doing the wrong thing.
The Economic Pain Ain't Over Yet ‘Bottom line - the government is doing
absolutely the wrong thing. They are supporting those that created this mess
(with significant moral hazard) to prompt more credit when the root of our
problems is too much credit. We need to flush the system and get rid of the
credit spending but instead we are pushing for a new bubble. At best, if it
works, we are kicking the problem down the street. Not a good plan - not at
all!! The other day I mentioned I do not like Geithner or Summers. … If you
like Summers and Geithner, please take the time to read up on them. They are
insiders on the banks we are supporting with obscene amounts of money, which
makes me sick. These people need a public flogging, not taxpayer support.’
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
The Obama Deception
Barack Obama: The Naked Emperor Shocking but true revelations from David Icke
(a must read) | Vast numbers of people across the world, including many who
should know better, have been duped by the mind-game called Operation
Obama.…. (excerpts) Obama has been the chosen one for a long time, a fact
known only to a few in the deep inner circle, and his relationship with
Brzezinski almost certainly goes back to the start of the 1980s when he
attended the Ivy League, and big-time Illuminati, Columbia University where
Brzezinski was head of the Institute for Communist Affairs. Obama simply will
not talk in any detail about this period. He has been covertly funded and
supported ever since by the Trilateral Commission and its network of
foundations connecting into the Ford Foundation, for whom Obama’s mother
worked. And a question: Does anyone really believe that someone, a ‘man of
the people’, would simply appear from apparently nowhere to run the slickest
and best-funded presidential campaign in American history? He was chosen long
ago by those who wish to enslave the very people that Obama says he wants to
’set free’. The sources of Obama funding read like a Wall Street Who’s Who -
Goldman Sachs, UBS, Citigroup, Credit Suisse, Deutsche Bank, J.P. Morgan
Chase, Morgan Stanley, and so on. No wonder he went back on his pledge to
accept the limitations of public funding for his campaign and instead took
the no-limit option of ‘private’ funding…Then there is the Jewish financier,
George Soros, the multi-billionaire associate of Brzezinski and closely
involved with the funding and marketing of Obama. Soros is a former board
member of the Illuminati’s Council on Foreign Relations and funds the European
Council on Foreign Relations. In short, he is a major insider… You can
certainly see the Soros/Brzezinski techniques in the Obama ‘revolution’ in
the United States. It was the complex and secretive network of Soros
foundations and organisations, connected to the intelligence agencies of the
US and Israel, that trained and funded students in the Ukraine, Georgia and
elsewhere in the art of mass protest and overthrowing governments. These
manufactured protests were sold to the world as ‘peoples’ revolutions’, but
it just so happened that when they were over and the old regime was removed
the new leaders were those waiting in the wings all along - the puppets of
Soros, Brzezinski and their associated networks. Obama is just more of the
same, a big smile with strings attached, and controlled completely by the
Illuminati networks that chose him, trained him, sold him and provided his
record funding. It was they who kept his many skeletons under wraps, like the
gay sex and crack cocaine allegations of Larry Sinclair (from affidavit: 1.
Who is Ron Allen that claims to be with your Presidential camp, who is
alleged to claim that someone claiming to represent me called asking for
$100,000, to keep me from coming forward about our (Obama and I) November
1999 encounter of sex and cocaine use?…), and they will continue to do so as
long as he jumps to their bidding. Obama is just another Banksters’ moll
prostituting himself for fame and power, and that’s why he supported the
grotesque bail-out of the banking system and why he will always put their
interests before the people. His financial advisors are straight from the
Wall Street ‘A’ list, including Paul Adolph Volker (Trilateral Commission,
Council on Foreign Relations, Bilderberg Group), the head of the Federal Reserve
from 1979 to 1987 and Illuminati to his fingertips. Obama has made him head
of the Economic Recovery Advisory Board, which is dominated by insiders,
including its staff director and chief economist, Austan Goolsbee, a close
Obama associate from the University of Chicago. Goolsbee is an initiate of
the infamous Illuminati Skull and Bones Society at Yale University, which
also includes Boy and Father Bush. It was Goolsbee who told the Canadian
government not to worry about Obama’s attacks on the economic effects of
‘free trade’ agreements because his words were just to win votes in the
election campaign. Another Wall Street insider, the Zionist Timothy Geithner
(Bilderberg Group, Trilateral Commission, Council on Foreign Relations), was
appointed by Obama to be his Treasury Secretary. Geithner was the President
of the New York Federal Reserve Bank, the most powerful in the private
‘Federal’ Reserve cartel that masquerades as America’s ‘central bank’, and he
is a former employee of both the Council on Foreign Relations and the
appalling Kissinger Associates. Obama’s Treasury team locks into the inner
circle around the Zionist Robert Rubin, the Director and Senior Counselor of
Citigroup, co-chairman of the Council on Foreign Relations, and economic
advisor to Obama. Rubin, a member of the Illuminati Bilderberg Group, was the
man behind Citigroup’s strategy of expanding its risk in debt markets which
forced it to be rescued by taxpayers’ money. The very people who caused the
financial crisis are being appointed by Obama to decide how to respond to it
(more taxpayers’ money for them and their friends)…
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
…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
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
This is a status report on the health of America’s Social Security and
Medicare system. The conclusions contained in this report should come as no
surprise. The system is bankrupt. It is just a matter of time. The magnitude
of the problem is enormous. The Trustees estimate that the present value of
the unfunded portion is $13.6 trillion. It is virtually certain that unless
the imbalances are addressed in the near future, the U.S. Legacy Costs will
destroy our economy.
The US is currently spending trillions of dollars in borrowed money to shore
up a weakened economy. All of that money will be wasted. At best it will
result in a resumption of economic growth for a few more years. By the end of
President Obama’s first term the Social Security problem will already be a
drag on the economy. By 2016 the damage will be impossible to reverse.
http://seekingalpha.com/article/134542-social-security-bankrupt-system-will-impact-markets-sooner-than-expected?source=yahoo
Social 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 [$$] The
Overvalued Market Needs a Healthy Pullback Major wholesale bank shuttered …Silverton,
Ga…and then Ridgewood, n.j. for 31st bank failure this year (at CNNMoney.com)
Manufacturing declines at slower rate in April … riiiiight!…(AP) Chrysler to
close 5 more plants; court case begins Results delayed again on banks stress
tests …the fudge factor!…(at bizjournals.com) Regulators close two more banks
U.S. families rely on handouts in world’s formerly richest country Elliot
Wave Theorists Claim Pandemics Always Happen In a Bear Market CITI Said to
Need Up to $10 Billion; Bank Disputes 'Stress Test' Result... ‘China cancels
America’s credit card’ China, wary of the troubled US economy, has ‘canceled
America’s credit card’ by cutting down purchases of debt, a US congressman
says.
Go to following pages for above links:
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
The US is currently spending trillions of dollars in borrowed money to shore
up a weakened economy. All of that money will be wasted. At best it will
result in a resumption of economic growth for a few more years. By the end of
President Obama’s first term the Social Security problem will already be a
drag on the economy. By 2016 the damage will be impossible to reverse.
http://seekingalpha.com/article/134542-social-security-bankrupt-system-will-impact-markets-sooner-than-expected?source=yahoo
Social Security: Bankrupt System Will Impact Markets Sooner Than Expected
Georgia, N.J. banks fail, bringing '09 total to 31 U.S. Economy: GDP Shrinks
in Worst Slump in 50 Years Auto sales plunge to near 30-year lows [$$] 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.
Go to following pages for above links:
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
GENEVA – Dozens of Failed Western diplomats walked out of a U.N. conference
and a pair of rainbow-wigged protesters threw their fitting clown noses in
the air Monday when the truth-speaking leader of Iran called israel the
"most cruel and repressive racist regime."…
British racist hypocrits/zionists joined a dramatic diplomatic walkout today
when President Ahmadinejad of Iran told the truth in a major UN conference
against racism that the racist state of israel had been founded “on the
pretext of jewish suffering” during the Second World War. brits are out to
lunch (look at England-big brotherly pathetic)! Come on! People may differ
regarding the holocaust ( what about Armenians, American Indians, Russians
and Poles in WWII, etc.), but clearly israel’s war crimes are ignored and
clearly they truly are a brutal and racist regime and illegally have nuclear
weapons and are a u.s. funded bully/war criminal nation in the mid-east.
israel: New govt and old policies
NLE 09: FEMA Takes Preparations for Martial Law to the Next Level Alan Keyes:
Government Will Stage Terror, Declare Martial Law Ron Paul on Secession
Housing Bubble Smackdown: Bigger Crash Ahead Smedley Butler: War Is A Racket
Harman and AIPAC: More Evidence of Massive Government Corruption New York
Times: Tax Savers and Negative Return Jack Bauer can’t stop ‘The Goldman
Conspiracy/Fraud’ Simon Johnson Decries Influence Of Wall Street Oligarchs,
US A Banana Republic Henry Blodget | The pattern is exactly the same, with a
two-way money-and-power corridor now running between Washington and the
modern oligarchs Wall Street.
Go to following pages for above links:
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
Wiretap reveals reach of US pro-Israel lobby Rep. Jane Harman, the California
Democrat with longtime involvement in intelligence issues, was overheard on a
National Security Agency (NSA) wiretap telling “a suspected Israeli agent”
that she would lobby the Justice Department to reduce espionage-related
charges against two officials of the American Israeli Public Affairs
Committee (AIPAC), the most powerful pro-Israel lobby in Washington,
according to a report released Sunday night in Congressional Quarterly (CQ).
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
Germany’s slump risks ‘explosive’ mood as second banking crisis looms China
Increases Gold Reserves 76% to Fifth-Largest
Go to following pages for above links:
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
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'
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume65393.htm
Art Hogan summed up choosing u.s. stocks ‘pick the best-looking horse at the
glue factory’
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!
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
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
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
Why we think this is a (suckers’) bear market rally:
Given that this is Friday the 13th, 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
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
U.S. Army prepares to invade U.S.
Is the Federal Reserve Engaged in Acts of Economic Warfare Against America?
Federal Reserve extends reach with 1930s powers Associated Press | Dusting off
Depression-era emergency powers, the Federal Reserve is extending its reach
over the economy as never before, pushing the limits of its authority, if not
exceeding them.
China’s Central Bank Denies Plan to Buy U.S. Treasury Bonds
Putin’s step toward redemption as he gets tiger cub and greater wisdom for
his birthday...
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
Bankers Want World Economic Government To Solve Financial Crisis They Created
Paul Joseph Watson | The culprits who caused the problem offer their solution
- more power for themselves.
Rogers: Global Bankers Have Unleashed Inflationary Holocaust Legendary
investor Jim Rogers warned during a CNBC interview this morning that global
central banks are creating the environment for an inflationary holocaust by
their ceaseless overprinting of currency, a measure that isn’t even
successful in stabilizing the stock market.
Paul Joseph Watson | CNBC hosts unable to grasp basic economic principles.
Mike Whitney | The prevailing wisdom is that Wall Street will continue to
suffer historic losses and that this will mark the end of America’s dominance
as the lone superpower.
Richard C. Cook | The problem is the oncoming recession/depression caused by
the absence of an economic engine to generate new producing power.
Banks Hoarding Cash to Pay Derivatives Liabilities
Japan suffers biggest single-day stock drop for 20 years
Dow Plunges Below 8,000
Stocks are on track for their worst year since 1937
Global Stocks Tumble, Driving S&P 500 to Worst Week on Record
Swagger turns to shudder a year after market high...
'MAY DROP 50% FROM TOP'...
Stocks Drop in Rollercoaster Session; Dow Average Swings 1,000 Points...
Bush says anxiety feeding market instability... Carter slams Bush on market
crisis...
EUROPE STOCK ROUT...
Carter slams Bush on market crisis...
London shares bloodbath...
DOW LOSES 18%... THE WORST WEEK
Crisis becomes global crash...
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
http://www.albertpeia.com
http://www.albertpeia.com/currentopics2ndqtr10108.htm
Economy sheds most jobs since 2003, more cuts seen (AP)
Stocks Dive After Vote ...
It's Not You, It's the Market - Now Officially the Worst S&P Decline in
History
Betrayed by the Bailout On this date, October 3, 2008, the American people
were betrayed by those whom they had elected to represent them. The
grassroots rebellion that led to the House’s rejection of the Bush
Administration’s Wall Street bailout bill on Monday flamed out on Friday,
overwhelmed by a massive lobbying campaign by Wall Street and by a propaganda
push in the corporate media in favor of passage.
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
http://www.albertpeia.com
http://www.albertpeia.com/currentopics2ndqtr10108.htm
AIG hits up Fed for more money CNNMoney.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
http://www.albertpeia.com
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com/4trillionfraud.htm
http://www.albertpeia.com/summarydecfinver.htm
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
http://www.albertpeia.com
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
http://www.albertpeia.com
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
http://www.albertpeia.com/alresume65393.htm
http://www.albertpeia.com
http://www.albertpeia.com/currentopics2ndqtr10108.htmWASHINGTON POST POSTS
WHO WOULD HAVE THUNK IT! PREDICTABLE AB INITIO AS ISRAELIS ALWAYS FIND A WAY
TO IGNORE U.N. RESOLUTIONS (IE. 242 AND 338, ETC.), INTERNATIONAL LAW, ETC.,
AND SABOTAGE PEACE INITIATIVES.
International Law Violator/War Criminal Zionist regime only nuclear-armed
country in the M.E. won’t sign the NPT
As Arab foreign ministers met at the Cairo headquarters of the Arab League to
prepare for their annual summit at the end of the month, they also issued a
series of statements on regional issues, including extremely sensitive matter
of the Zionist regime's refusal to sign the NPT. Arab states, all of which
are signatories to the treaty, have long called for a nuclear-free Middle
East and expressed their concern over Israel's apparent possession of nuclear
weapons. The International Law Violator and War Criminal Zionist israeli
regime is reportedly the only nuclear-armed country in the Middle East which
has refused to sign the NPT.
This initiative like others has become a fool's errand absent some teeth;
viz., enforcement of prior resolutions/accords(ie.Oslo,etc.), international
law/NPT, and cut-off of israeli aid (which is costly beyond just money that
america doesn't have) absent compliance (ie., Eisenhower took the proper
approach to israel in protecting america's geo-political interests).
http://www.albertpeia.com
http://www.albertpeia.com/currentopics10108.htm
http://www.albertpeia.com/wallstreetlunacy10108.htm
THIS IS WEIMAR REPUBLIC TYPE HYPERINFLATION THOUGH STILL UNDER-REPORTED OWING
TO ELECTION-YEAR SPIN-THEY'RE PRINTING/CREATING WORTHLESS DOLLARS LIKE MAD
(SO MUCH SO THEY'VE FOR SOME TIME NOW STOPPED REPORTING M3)
CLOSING NUMBERS STOCKS/METALS/OIL/COMMENTARY/SELL
CLOSING NUMBERS STOCKS/METALS/OIL/COMMENTARY
SELL INTO STRENGTH /TAKE PROFITS/ SELL DOLLAR DENOMINATED SECURITIES
(3-20-08) (DOW +262, NASDAQ +48, S&P +31) [CLOSE- OIL $101.84 / GOLD $920
/ SILVER $16.85 / PLATINUM $1,877.30 / DOLLAR AT 1.54 AGAINST EURO, 98 YEN,
1.98 POUND STERLING, ETC. (HOW LOW CAN YOU GO - LOWER)]. FULL MOON WITH
OBVIOUS EFFECT ON LUNATIC WALL STREET FRAUDS. SMART MONEY WOULD SELL INTO
THIS SUCKERS’ BEAR MARKET/SHORT-COVERING RALLY (TAKE PROFITS) WHICH IS BASED
UPON B**L S**T AND EXCEEDINGLY BAD ECONOMIC NEWS VIZ., UNEMPLOYMENT CLAIMS UP
MUCH MORE THAN EXPECTED 22,000 TO HIGH 378,000, CREDIT SWISSE TO REVISE
PREVIOUS YEARS PROFITS DOWN ON FURTHER WRITEDOWNS, PHILADELPHIA FED
MANUFACTURING INDEX DOWN, AND LEADING ECONOMIC INDICATORS DOWN FOR FIFTH MONTH
IN A ROW WHICH HAS ALWAYS SIGNALED/INDICATED/PRECEDED ECONOMIC
DOWNTURN/CONTRACTION/RECESSION. ONE SOMEWHAT SENILE ANALYST WELCOMED THE
MASSIVE AMOUNT OF FAKE/FIAT/PRINTED MONEY SAYING THE FINANCIALS WHICH HAVE
LAGGED THE MARKET BY 20% WILL BE HELPED/INFLATED OUT OF THEIR DOLDRUMS
(HYPERINFLATIONARY) BY SAME WHICH HE LIKES BECAUSE HE’S HEAVILY CONCENTRATED
IN FINANCIALS (GREAT CALL) AND THAT THE MONEY HASN’T SHOWN UP YET BUT FAILS
TO REALIZE THE U.S. HAS NEVER BEEN IN SUCH DIRE CIRCUMSTANCES ECONOMICALLY,
FINANCIALLY, AND GEOPOLITICALLY AS NOW. A MORE RATIONAL VIEW BY ECONOMIST DR.
IRVING KELLNER SAID STIMULUS THUS FAR TREATS SYMPTOMS WITH MERE BANDAIDS
WHICH FAIL TO ADDRESS/CURE THE PROBLEM/CAUSE/DISEASE AND IS RATHER SIMPLISTIC
TO A FAULT IN FOCUSING SOLELY ON HOUSING/REAL ESTATE VALUES ALTHOUGH
CORRECTLY STATES THAT EASIER MONEY WILL NOT ENHANCE THE VALUE OF
MORTGAGE-BACKED SECURITIES WHICH REMAIN INDETERMINANT, DOWN, OR GOING DOWN
AND ADVOCATES DEPRESSION ERA APPROACH SINCE HE CORRECTLY STATES ECONOMY HAS
ALREADY (DECEMBER, 2007 OR JANUARY, 2008) ENTERED THE WORST RECESSION OF THE
POST-WAR ERA (DESPITE ELECTION YEAR SPIN). ANOTHER ANALYST SAYS THIS IS A
SHORT-COVERING RALLY AND AN OPPORTUNITY TO SELL/TAKE PROFITS (I TOTALLY
AGREE), THAT THE FED DESPERATION MOVES INCLUDING PRINTING DOLLARS LIKE MAD
HAVE LED TO A DEBASEMENT OF THE U.S. CURRENCY AND THAT THE DOLLAR WILL
CONTINUE TO GO LOWER, THAT TRILLIONS HAVE BEEN BORROWED BUT THAT THEY WILL BE
UNSUCCESSFUL IN REINFLATING THE BUBBLE, THAT THE FINANCIAL CRISIS IS NO WHERE
NEAR BEING OVER WITH MUCH MORE CARNAGE TO COME, AND RECOMMENDS BEING TOTALLY
OUT OF THE DOLLAR INCLUDING DOLLAR DENOMINATED SECURITIES AND INTO OTHER
FOREIGN CURRENCIES/SECURITIES. 3-19-08 MODEST DROP IN STOCKS RELATIVE TO
REALITY. 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). MORGAN STANLEY EARNINGS DOWN 40% BUT BETTER
THAN EXPECTED…..RIIIIIGHT…..ON COMPUTERIZED BOND/STOCK TRADING COMMISSIONS.
MERRILL LYNCH SAYS MORE LOAN LOSSES. ONE ANALYST SAYS NOT MUCH OPTIMISM
REGARDING FED MOVES, DEEPENING FEARS ABOUT ECONOMY, WALL STREET STUCK WITH A
LOT OF STUFF (IE., JUNK BONDS, JUNK SECURITIES, JUNK DERIVATIVES, SUBPRIME
MORTGAGES, ETC.) WHICH CAN’T BE SOLD EXCEPT AT FIRESALE PRICES, AVOID
EQUITIES PARTICULARLY SMALL/MIDCAPS, RAISE CASH (TAKING PROFITS/SELLING),
LOOKING FOR CONFIRMATION, ENTERED RECESSION IN FEBRUARY BUT WITH INFLATION A
VERY TOUGH SCENARIO. AN OIL ANALYST SAYS COMMODITY BUBBLE BURSTING WITH
PROFIT-TAKING/PATH OF LEAST RESISTANCE BUT STILL RECORD DIESEL AT $4.21,
RECORD HOME HEATING OIL $3.80 SO WAIT AND SEE. ANOTHER ANALYST SAYS EMERGING
MARKETS ATTRACTIVE RELATIVE TO DEVELOPED CITING P/E MULTIPLE COMPARISON BUT
NO SAVE HAVEN AND POINTS TO FURTHER WEAKNESS IN DOLLAR RELATIVE TO OTHER
CURRENCIES. METALS ANALYST SAYS RATE CUT LESS THAN EXPECTED AND ETFS (AND
COMPUTERIZED TRADING THEREOF) HAS PROPPED DEMAND. 3-18-08 SUCKERS’ BEAR
MARKET IRRATIONALLY EXUBERANT BUBBLE RALLY ON FED FEAR AND TREMBLING PANIC
MOVE TO KEEP THE SUCKERS SUCKERED AND THE COMPUTERIZED COMMISSION TRADE
DOLLARS FLOWING. 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). WHOLESALE/PRODUCER
PRICES UP MORE THAN EXPECTED .3% WITH CORE RATE UP .5%. HOUSING STARTS DOWN
36% TO LOWEST LEVEL IN 17 YEARS. SHARPLY (MORE THAN 50%) LOWER EARNINGS AT
GOLDMAN AND LEHMAN RALLIES THEIR STOCKS WITH FAMILIAR MANTRA ‘NOT AS BAD AS
EXPECTED’…..RIIIIIGHT! DOLLAR DOWN AGAINST MOST CURRENCIES ON .75% PANIC CUT
IN FED FUNDS RATE TO 2.25%. ONE ANALYST POINTS TO STRENGTH BY SECTOR, VIZ.,
FINANCIALS +8% (FOCUS OF THE BAILOUT), SMALL CAPS +5%, EMERGING MARKETS +5%,
AND SAYS DOLLAR WILL BE BOTTOMING. AN OIL ANALYST SAYS OIL TO GO HIGHER WITH
INFLUX OF SPECULATIVE NEW MONEY FROM RATE CUT. FORMER FED GOVERNOR GRAMLEY
SAY WE’RE IN SERIOUS ECONOMIC CRISIS, IN RECESSION WITH ECONOMIC WEAKNESS
SUFFICIENT TO MUTE DEMAND/SHARPER PRICE INCREASES, AND COMPARES ECONOMY TO
CANCER PATIENT UNDERGOING NECESSARY CHEMOTHERAPY…..RIIIIIGHT….., FED HAS USED
EMERGENCY POWERS NOT USED SINCE THE GREAT DEPRESSION BUT CAN’T RELY SOLELY ON
THE FED. ANOTHER ANALYST TALKS IN TERMS OF TRADING ON A DAY-TO-DAY BASIS
(FACT-THERE ARE HISTORICALLY VERY FEW SUCCESSFUL TRADERS), BELIEVES FED WENT
TOO FAR WITH RATE CUT AND SEES SIGNIFICANT PROBLEM WITH INFLATION, THUMBS UP
FOR METALS/OIL AND LARGE CAP TECH WITH OVERSEAS EARNINGS, BUT FURTHER
CAUTIONS OWING TO NEGATIVE REAL INTEREST RATES (RATES LESS THAN INFLATION,
RISK, ECONOMIC FACTORS/PREMIUMS). FINALLY, THINGS ARE SO HUNKY DORY THAT AS
REPORTED BY CONTINENTAL COIN AND JEWELRY PEOPLE ARE PULLING THEIR TEETH,
EXTRACTING AND SELLING THE GOLD. LOVELY! 3-17-08 LUNATIC/FRAUDS 200+ POINT
COMPUTERIZED BUY PROGRAM SUCKERS’ BEAR MARKET/SHORT-COVERING RALLY TO THE
UPSIDE BASED UPON NOTHING WHATSOEVER THAT HASN’T ALREADY BEEN DISCOUNTED
(IE., MORE RATE CUTS BY FED IN PANIC MODE, ETC.). 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). INDUSTRIAL PRODUCTION FELL A GREATER THAN EXPECTED ONE-HALF OF
1%. ONE ANALYST CITES NEW LOWS FOR DOLLAR AND SUBSTANTIAL MOVE BY FED ALREADY
DISCOUNTED (.75%). ANOTHER ANALYST CITES WEAKER DOLLAR AND SLOWER ECONOMY
IMPACTING DEMAND (IE., FOR GOODS, ETC., AND HENCE, COMMODITY PRICES, HENCE
LOWER OIL PRICE THIS DAY), CITES THIS DAYS SHORT-COVERING RALLY AND
RECOMEMMENDS MULTINATIONALS WITH OVERSEAS EARNINGS (POSITIVE CURRENCY
TRANSLATION) AND OVERSEAS NON-DOLLAR DENOMINATED SECURITIES (UTILITIES,
ETC.). YET ANOTHER ECONOMIST/ANALYST CITES BUSINESS MODELS COMPARABLE TO BEAR
STEARNS IN FINANCIAL SECTOR(PROBLEMS WITH HEDGE FUNDS/INVESTMENT BANKS) WHICH
HAS PROVEN INABILITY TO MANAGE THEIR OWN AFFAIRS SAYING DEREGULATION A
DISASTER AND REREGULATION A CURE, NO END TO FALL IN DOLLAR AS US BECOMES
WORLD’S BEGGAR, AND RECOMMENDS NON-DOLLAR DENOMINATED SECURITIES (IE., EURO,
SWISS FRANC, ETC., AND EMERGING FAR EAST MARKETS). ANOTHER MORE
CALIFORNIA/SENILE, ANALYST/BROKER WHO LIKE OTHERS HAVE LOST SUBSTANTIAL
MONIES FOR CLIENTS CITES LACK OF OF TRANSPARENCY AS VALUE OF HIS BUYS AND
HOLDS CONTINUES TO FALL WITH DOLLAR BUT TALKS SOME SPECULATIVE BUYS AND CASH.
A FINANCIAL TIMES EDITOR SAYS NO BOTTOM YET, THAT BY HISTORICAL STANDARDS THE
SCENARIO IS QUITE BAD FOR THE US, THAT BEAR STEARNS WAS NOT ALONE AMONG US
FIRMS IN THEIR PROBLEMS, THAT THE MARKET IS EXPECTING 1% PANIC CUT BY FED,
AND THAT THE US ECONOMY IS IN DEEP TROUBLE. 3-14-08 EARLY SURGE BASED ON
FALSE BENIGN INFLATION REPORT (SHOWING NO CHANGE IN RETAIL INFLATION) FROM
THE GOVERNMENT GIVES WAY TO REALITY THAT THEY CAN’T COVER UP/LIE ABOUT
(DESPITE INTRA-DAY SUCKERS RALLY) WHEN THERE IS A RUN ON LARGE WALL STREET
INVESTMENT BANK BEAR STEARNS (FIRST SUCH SINCE THE GREAT DEPRESSION) WHICH
CITES LIQUIDITY CRISIS AS NY FED AND JP MORGAN INTERVENE WITH 28 DAY LOAN AS
BEAR IS HOLDING HIGH RISK (WORTHLESS) ASSETS WHICH ARE ILLIQUID (THINLY
TRADED/CAN’T BE SOLD) AS RESERVES (THEY ARE NOT ALONE IN THIS REGARD AMONG
THE FRAUDS ON WALLSTREET, ETC., AND ONLY 2 DAYS AGO BEAR SAID BALANCE SHEET
STABLE), ALL TIME LOWS FOR THE DOLLAR, WSJ REPORTS MAJORITY OF ECONOMISTS
THINK WE’RE IN RECESSION, MICHIGAN (NON-WASHINGTON NON-FED GOV’T REPORT)
SENTIMENT INDEX AT NEW 16 YEAR LOW. ONE ANALYST SAYS DOLLAR WEAKNESS/LOWER
YIELDS/ECONOMIC CONCERNS WILL CONTINUE DOWNWARD TREND, INFLATION REPORT
SURPRISE/FOOLISH AND HIGHER INFLATION NUMBER FOR MARCH, CRESCENDO OF BAD NEWS
IN COMING WEEK AND LOOK FOR NEW LOWS/BOTTOM(?). OIL ANALYST CITES WEAK
DOLLAR/EASY MONEY FLOWS AND SAYS LOOK FOR OIL AT $120-$125. ANOTHER ANALYST
SAYS ITS TOO LATE FOR FED TO TURN THIS WRITEDOWN/SUBPRIME/ECONOMIC DOWNTURN
AROUND WITH BEAR ANOTHER $35-$70 BILLION BAD AND WHAT AFTER 28 DAY
LOAN-EXPECT TAKEOVER/NO MORE BEAR STEARNS. 3-13-08 SMART MONEY WOULD SELL
INTO THIS SUCKERS’ BEAR MARKET RALLY (TAKE PROFITS) WHICH IS BASED UPON B**L
S**T ALONE (NOTHING WHATSOEVER) AS STANDARD AND POORS ANALYST SAYS THE END OF
WRITEDOWNS MIGHT (BUT NOT QUITE) BE IN SIGHT (WHICH IS LIKE THAT BROKER WHO
SELLS STOCKS FOR A LIVING SAYING HE’S TRYING TO KEEP CLIENTS IN STOCKS
BECAUSE AT SOME POINT THEY’LL GO UP)…RIIIIIGHT….. WHICH IS MEANINGLESS COMING
FROM STANDARD AND POORS WHICH SHOULD BE ACCOUNTABLE/LIABLE (FOR THIS FRAUD)
ALONG WITH THE FRAUDS ON WALL STREET, ETC., FOR THE TRIPLE A RATED SECURITIES
ON THE BOOKS WHICH EVERYONE KNOWS ARE IN FACT NOT TRIPLE A (WORTHLESS JUNK
BONDS, ASSETS, ETC.) SPURRING 200+ POINT SWING TO THE UPSIDE. VAST MAJORITY
OF ECONOMISTS NOW SAY WE’RE IN RECESSION (EVEN DESPITE ELECTION YEAR
GIMMICKS-AS GOOD AS GETS). RETAIL SALES DOWN MORE THAN EXPECTED .6%,
FORECLOSURES UP 60% YEAR OVER YEAR, DOLLAR DOWN SHARPLY. ONE ANALYST SAYS
CONTINUED UNEMPLOYMENT/EMPLOYMENT WEAKNESS, PREMATURE TO SAY AS DID S&P
THAT WE’RE NEAR END OF WRITEDOWNS, MAJORITY OF ECONOMISTS NOW SAY WE’RE IN
RECESSION, HOUSING DOWNTURN MUCH FURTHER TO GO, VERY DEFENSIVE AS STOCKS
CONTINUE TO HIT NEW LOWS IN LARGE NUMBERS, WORST OF HOUSING CRISIS AHEAD, AND
THIS IS A BEAR MARKET IN A RECESSION ECONOMY. ANOTHER ECONOMIST/ANALYST SAYS
U.S. CURRENT ACCOUNT DEFICITS, LACK OF TRUST IN U.S. FINANCIAL INSTITUTIONS
AND TRIPLE A RATINGS (BONDS, ETC., WHICH EVERYONE KNOWS ARE NOT), BANKS’ NEED
FOR RECAPITALIZATION, LOW SAVINGS (IE., CONSUMERS USING IE., GIFT CARDS FOR
GROCERIES, ETC.), FED LOSING CREDIBILITY BY FLIP-FLOPS/WRONG MOVES, AND SEES
ONLY SHORT-COVERING RALLIES AT BEST. VENEZUELA SHIFT TO PAYMENT IN EUROS FOR
OIL OUT OF DOLLARS. YET ANOTHER ECONOMIST SAYS WITH MONEY SUPPLY INCREASING
AT EXORBITANT 27% PER ANNUM, CITING ECONOMIST FRIEDMAN SAYS
HYPER-INFLATIONARY (CONTRARY TO LAND OF FRUITS AND NUTS ECONOMISTS WHO THIS
DAY SEE LAND OF FRUITS AND NUTS REAL ESTATE DOWN 17.6%, SALES DOWN 40-45%,
AND MEDIAN HOME PRICES DOWN $100,000, AND BUDGET DEFICITS ACROSS THE BOARD).
3-12-08 VERY MODEST DROP IN STOCKS RELATIVE TO REALITY, DOLLAR DOWN SHARPLY
ON PANICKY FED KNEE JERK FUNNY MONEY ACTION, ONE ANALYST/BROKER WHO SELLS
STOCKS FOR A LIVING SAYS HE’S TRYING TO KEEP CLIENTS IN STOCKS BECAUSE AT
SOME POINT THEY’LL GO UP…..RIIIIIGHT…..REFERENCES THAT THIS IS WORST R.E.
DOWNTURN IN 100 YEARS AND NO BOTTOM YET IN R.E. AND WSJ SAYS WORSE TO COME IN
BAD PAPER (WRITEDOWNS, ETC.), AN OIL ANALYST SAYS RECORD HIGH OIL PRICES ARE
HEDGE AGAINST FALLING DOLLAR WITH A LOT OF DOLLARS RELATIVE TO GOODS (AS IE.,
OIL, OTHER COMMODITIES, ETC.-HYPERINFLATION) AND IF YOU HOLD DOLLARS/DOLLAR
DENOMINATED ASSETS/SECURITIES YOU LOSE VALUE AND SEES $4.00 GAS NATIONWIDE
WITH RECORD DIESEL, WHILE ANOTHER ANALYST SAYS THAT SEEING FED GO FROM LENDER
OF LAST RESORT TO LENDER (PRINTER) OF FIRST RESORT IS WORRISOME/TROUBLESOME.
3-11-08 SUCKERS’ BEAR MARKET IRRATIONALLY EXUBERANT NEW EPHEMERAL BUBBLE RALLY
ON FED FEAR AND TREMBLING PANIC MOVE TO ADD $200 BILLION IN WORLDWIDE
LIQUIDITY BY TEMPORARILY REPLACING (28 DAYS) ONE TYPE OF FUNNY-MONEY
(WORTHLESS SUBPRIME COLLATERALIZED DEBT) WITH ANOTHER LONGER TERM WORTHLESS
FUNNY-MONEY (U.S. DEBT WHICH CAN’T BE PAID BACK) WHICH IS A GREAT B.S.
TALKING POINT BUT JUST A DROP IN THE BUCKET CONSIDERING THE MAGNITUDE OF THE
UNDISCLOSED WRITEDOWNS/WORTHLESS PAPER BEING HELD(AND, CURING A BUBBLE WITH A
NEW BUBBLE-I DON'T THINK SO), ONE ANALYST POINTS TO THE HYPERINFLATIONARY
EFFECTS OF TOO MUCH LIQUIDITY CHASING TOO FEW GOODS AND MORE BAD NEWS TO COME
IN TECH SECTOR AND EARNINGS ALONG WITH MORE WRITEOFFS/WRITEDOWNS WITH WORSE
TO COME/NO BOTTOM YET AND HE REMAINS A BEAR, LAND OF FRUITS AND NUTS
ECONOMIST SAYS BAD BUT NOT TECHNICALLY RECESSION BASED ON GOVERNMENT
ELECTION-YEAR DATA (ONLY NUTS AND NUTS FROM THE LAND OF FRUITS AND NUTS
BELIEVE SAME) WHILE TWO OTHER ECONOMISTS SAY RECESSION WITH STRUCTURAL
PROBLEMS/HIGH INFLATION/LOWER DOLLAR AS FOREIGNERS/INVESTORS GET OUT OF
WORTHLESS DOLLAR WITH BIG TROUBLE FOR U.S. POST-ELECTION AS REALITY SETS IN,
TRADE GAP WIDENED, AND SMART MONEY WOULD SELL THIS RALLY/TAKE PROFITS.
3-10-08 MODEST DROP IN STOCKS RELATIVE TO REALITY, NEW BANK DOWNGRADES,
MORGAN SLASHES EARNINGS ESTIMATES FOR S&P AND SAYS ALREADY IN RECESSION,
EVEN MORE ECONOMISTS NOW SAY THE OBVIOUS/RECESSION, RUMOR THAT BEAR STERNS
WITH SUBSTANTIAL LIQUIDITY ISSUES IS GOING UNDER, DOLLAR DOWN, EARNINGS
ESTIMATES CUT ON CITIBANK AND BANKOFAMERICA, ONE ECONOMIST/ANALYST SAYS
(HYPERINFLATIONARY) HIGH ENERGY AND FOOD PRICES (CONVENIENTLY LEFT OUT OF THE
FED’S “TOUTED” CORE RATE) ARE SQUEEZING THE CONSUMER (AND HENCE,
CONSUMPTION/65% OF GDP) AND THAT COMMODITIES A BUBBLE AND MULTINATIONALS WITH
OVERSEAS EARNINGS/POSITVE CURRENCY TRANSLATION TO WEAKER DOLLAR PREFERRED, AN
OIL ANALYST SAYS $200 OIL POSSIBLE (REITERATING GOLDMAN) WITH CONTINUED
WEAKENING OF DOLLAR, ANOTHER ANALYST/JOURNALIST SAYS SELL DOLLAR DENOMINATED
STOCKS/SECURITIES/ASSETS WHICH HAVE MUCH FURTHER TO FALL AND REITERATES AS
DID BARRON’S THAT MORTGAGE INSURERS HAVE OVER $5 TRILLION IN DEBT/EXPOSURE
AND THAT MANY OF THE NATIONS BANKS ARE ALREADY INSOLVENT SO GET OUT OF THE
DOLLAR AND U.S. STOCKS. 3-7-08 BAD EMPLOYMENT/JOBS DATA ACROSS ALL SECTORS AS
63,000 JOBS LOST WITH DOWNWARD REVISIONS TO DECEMBER AND JANUARY (ACTUALLY
LOST 20,000) JOBS NUMBERS, ONE ANALYST SAYS WE’RE IN A RECESSION WHILE MORE
ECONOMISTS SAY RECESSION WITH ONE STATING THAT YOU ALMOST NEVER SEE
BACK-TO-BACK MONTHLY DECLINE IN EMPLOYMENT WITHOUT RECESSION AS NOW, DOLLAR
AT NEW RECORD LOWS, CONSUMERS INCREASED BORROWING TO STAY AFLOAT, WASHINGTON
MUTUAL FURTHER DOWNGRADES, SUPPORT LEVELS BROKEN TO THE DOWNSIDE, SENTIMENT-
85% BELIEVE THINGS WILL GET WORSE. 3-6-08 MODEST DROP IN STOCKS RELATIVE TO REALITY
TO KEEP THE SUCKERS SUCKERED AND THE COMPUTERIZED COMMISSION TRADE DOLLARS
FLOWING. 23% INCREASE IN FORECLOSURES IN FOURTH QUARTER NEW RECORD HIGH,
DOLLAR AT NEW RECORD LOWS, 10% OF HOMES WITH 0 OR NEGATIVE EQUITY, MORTGAGE
BANKERS ASSOCIATION SAYS HOME FORECLOSURES AT ALL-TIME HIGH AND GOING HIGHER,
ONE R.E. ANALYST SAYS ROUGH YEAR AHEAD WITH FORECLOSURES AND DEFAULTS UP, ONE
ANALYST SAYS MARKET WILL TEST NEW LOWS/SUPPORT LEVELS WITH FLIGHT TO
“QUALITY”/TREASURIES, LENDER THORNBURG DEFAULTS AND ALONG WITH WASHINGTON
MUTUAL IS DOWNGRADED, CONTINUING CLAIMS FOR UNEMPLOYMENT AT HIGH LEVELS MEANS
COMPANIES SHRINKING, IGNORE KNEE-JERK ELECTION YEAR GOVERNMENT HUNKY DORY
FAKE REPORTS. 3-5-08 OIL INVENTORIES LESS THAN EXPECTED, FED BEIGE BOOK CITES
ECONOMIC WEAKNESS PARTICULARLY SINCE BEGINNING OF THE YEAR, LABOR COSTS ROSE,
RISING PRICE PRESSURES/STAGFLATION, RECESSION/BEAR MARKET, ONE ANALYST SAYS
TOUGH FIRST HALF RECOMMENDS MULTINATIONALS WITH 50% OVERSEAS EARNINGS
(FAVORABLE CURRENCY TRANSLATION) AND CONSUMER STAPLES/HEALTH
RELATED/DEFENSIVE STOCKS, AMBAC TO FLOAT STOCK TO SHORE UP BALANCE SHEET TO
TUNE OF $1.5 BILLION/DILUTION AND SHARES FALL $2 TO $8.70, OIL ANALYST CITES
DECLINE IN OIL INVENTORIES/DIESEL/JET FUEL AND WEAK DOLLAR AND TOP $108-$110
BUT $120-$130 IF VENEZUELA/COLUMBIA CONFLICT AND MORE RECORD HIGH GAS PRICES
TO COME, ANOTHER ECONOMIST/ANALYST SAYS CONTINUED DECLINE IN REAL
ESTATE/HOUSING WITH STARTS DOWN 15-20-40% ON WELL DESERVED PESSIMISM/CREDIT
CRUNCH. 3-4-08 SUCKERS’ BEAR MARKET RALLY INTO THE CLOSE BASED ON B**L S**T
ALONE, VIZ., RUMOR/SPECULATION ABOUT YET ANOTHER BAILOUT FOR WALL
STREET/AMBAC/BOND INSURERS AND OVER 200 POINT SWING TO THE UPSIDE BASED ON
NOTHING WHATSOEVER, ONE ECONOMIST/ANALYST NOTES THIS IS THE DEEPEST HOUSING
DECLINE SINCE GREAT DEPRESSION, BERNANKE SAYS ANOTHER SPIKE IN FORECLOSURES
AHEAD AND PROPOSES REDUCTION OF PRINCIPAL AMOUNTS IN EXISTING LOANS (SOUNDS
LIKE A PLAN…..RIIIIIGHT!), KEN SHREVE FINANCE EDITOR INVESTORS BUSINESS DAILY
SAYS BEAR MARKET 6-9 MONTHS/ DON’T TRY TO CATCH A FALLING KNIFE AS
INSTITUTIONS STILL SELLING/KEEP MONEY SAFE IN 3% MONEY MARKET FOR TIME BEING,
ONE OIL ANALYST SAYS OIL HIGHER BEFORE LOWER AS EXPECTED RATE CUT WILL
FURTHER WEAKEN DOLLAR AND DRIVE UP OIL/COMMODITIES PRICES AND PROBLEMS IN
CONSUMER DEBT IN ADDITION TO MORTGAGES AND NOBODY WANTS TO HOLD DOLLARS,
3-3-08 SUCKERS’ BEAR MARKET RALLY INTO THE CLOSE, YES WE ARE IN A RECESSION
FROM SOMEONE WHO UNLIKE THE FRAUDS ON WALL STREET HAS READ SECURITY ANALYSIS
BY GRAHAM, DODD, AND COTTLE AND UNDERSTANDS IT (WARREN BUFFET), ALL NEWS
NEGATIVE, IE., ISM MANUFACTURING INDEX DOWN TO 48.3 (CONTRACTION), CAR SALES
DOWN AT GM (-12%) AND FORD (-7%), CONSTRUCTION SPENDING DOWN MOST IN 14
YEARS, OIL ANALYSTS POINT TO THE NEW HIGHS WHILE ECONOMIST/ANALYST SAYS
DOLLAR HAS FALLEN THROUGH ALL SUPPORT LEVELS MEANING MORE BOTTOMS TO COME,
INFLATION OUTPACING CONSUMER SPENDING (EVEN WITH SPENDING NUMBER HIGHER THAN
EXPECTED WHICH PROBABLY MEANS REALITY WAS NEGATIVE), CONSUMER
CONFIDENCE/SENTIMENT DOWN SHARPLY, CHICAGO MANUFACTURING INDEX DOWN
INDICATING CONTRACTION, $5.29 BILLION LOSS FOR AIG ON WRITEOFFS, INTRA DAY
HIGH FOR OIL OVER $103, INFLATION/WEAK DOLLAR/ECONOMIC WEAKNESS=STAGFLATION,
FOURTH MONTHLY DECLINE IN A ROW FOR STOCK MARKET, ONE ECONOMIST/ANALYST IF
NOT THEN ALMOST IN RECESSION WITH WORSE INFLATION NEWS AND INFLATION ADJUSTED
INCOME/SPENDING FLAT, ANOTHER ECONOMIST/ANALYST SAYS RECESSION AND CITES
NEGATIVE SAVINGS RATE AND FURTHER ECONOMIC WEAKNESS, ANALYST SAYS CONTINUED
ECONOMIC WEAKNESS WITH FURTHER DOLLAR DECLINE SO BULLISH ON METALS AND
BEARISH ON STOCKS, AND YET ANOTHER ECONOMIST/ANALYST SAYS INFLATION/RECESSION
BUT NOT DEPRESSION…..RIIIIIGHT, GDP GROWTH REPORTED MUCH LESS THAN EXPECTED
(BUT CLOSER TO REALITY) AT MINISCULE .6%, UNEMPLOYMENT CLAIMS JUMP 19,000 TO
373,000 AT HIGHEST LEVEL SINCE POST KATRINA, BERNANKE SAYS CONSUMER WORSE OFF
THAN JUST AFTER 911(?) AND THAT SOME BANKS COULD (WILL) FAIL AND THAT
STAGFLATION WILL NOT BE AS BAD AS THE 70’S, FANNIE MAE AND FREDDIE MAC SHOW
MASSIVE LOSSES, ONE ANALYST 50 YEARS IN THE BUSINESS SEES RECESSION AND SAYS
FINANCIALS HAVE BECOME IMPENETRABLE IN TERMS OF ANALYSIS/LOSSES, ANOTHER
ECONOMIST/ANALYST SAYS WE’RE NOWHERE NEAR IMPROVEMENT IN R.E./HOUSING MARKET,
YET ANOTHER ECONOMIST/ANALYST SAYS RECESSION WITH HIGHER INFLATION LOWER
GROWTH (STAGFLATION) AND THAT FED FORECASTS HAVE BEEN WRONG AND ONLY
RECESSION TO BRING DOWN INFLATION, NEW RECORD LOW FOR DOLLAR AGAINST EURO AND
SWISS FRANC (AND EVEN WORTH LESS THAN THE LOWLY CANADIAN LOONEY, ETC.) WHICH
ALONG WITH DEFICIT SPENDING IS HYPERINFLATIONARY AS OIL SEES NEW INTRADAY
HIGH OF $102.64, SALES/ORDERS OF DURABLE GOODS DOWN MORE THAN EXPECTED 5.3%,
BERNANKE’S NEGATIVE COMMENTS ON GREENSPAN RECESSION PROMISES RATE CUTS FOR
NEW BUBBLE WHICH RALLIES STOCKS, ONE ANALYST SAYS BANKS AS THEIR OWN INSURERS
INCREASES RISK, ANOTHER ANALYST SAYS CONTINUED DEFICIT SPENDING INCREASES
INFLATIONARY PROBLEMS/RISK, FORECLOSURES/BANK REPO’S UP 90% YEAR OVER YEAR,
REGULATORS PREDICT OVER 100 BANK FAILURES, FORECLOSURES UP 57% IN JANUARY,
WHOLESALE INFLATION UP MUCH HIGHER THAN EXPECTED 7.5% (CORE RATE 4+%), 9%
DROP IN HOME VALUES/PRICES, CONSUMER CONFIDENCE DOWN TO 17 YEAR LOW, ELECTION
YEAR/PROTECT INCOMPETENT INCUMBENT GOV’T PRINTING WORTHLESS DOLLARS LIKE MAD
WITH EXCESS LIQUIDITY CHASING TOO FEW GOODS (IE., FOOD UP 6%, ETC.) WHICH IS
HYPER-INFLATIONARY, ECONOMIST/ANALYST DR. KELLNER SAYS EASIER MONEY/FISCAL
PACKAGE WON’T REFLATE HOUSING MARKET (RECESSION), ANOTHER ANALYST SAYS IN
BEAR MARKET/RECESSION RECOMMENDS DEFENSIVE/PREFERRED STOCKS/BONDS/CASH, DR.
SHILLER- CASE-SHILLER INDEX- HOME VALUES CONTINUED DECLINE AND IN OR ABOUT TO
ENTER RECESSION (THAT’S ALREADY HERE), Stiglitz Blames Greenspan For
Recession, IBM ON $15 BILLION BUYBACK AND JAWBONING AND SIGNIFICANT OVERSEAS
SALES (AND POSITIVE CURRENCY TRANSLATION TO THE WORTHLESS DOLLAR) RALLIES
MARKET (WHAT BULL S**T), SHARPLY LOWER AND MORE WORTHLESS DOLLAR/HIGH OIL
PRICE RALLY CREATES YET ANOTHER B.S. SWING OF OVER 200 POINTS TO THE UPSIDE,
FOOD PRICES UP 6% ON ETHANOL CROWD-OUT, HOME SALES DOWN 5.5% / MEDIAN SALES
PRICE DOWN 4.6%, ONE R.E. EXPERT SAYS WITH SALES FALLING AND FORECLOSURES
RISING WORSE YET TO COME, LEADING ECONOMIC INDICATORS FELL FOR FOURTH MONTH
IN A ROW (-.1%), PHILADELPHIA FED MANUFACTURING INDEX UNEXPECTEDLY AND
SIGNIFICANTLY LOWER (THE PHILADELPHIA MANUFACTURING INDEX FELL TO A -24,
INDICATING A SHARP CONTRACTION IN THE REGION'S MANUFACTURING ACTIVITY.
ECONOMISTS HAD ANTICIPATED A READING OF -10, A LESS PRONOUNCED CONTRACTION.
LAST MONTH THE READING CAME IN AT -20.9.), ONE ECONOMIST/ANALYST SAYS
SIGNIFICANT INFLATION AND UNEMPLOYMENT-STAGFLATION-AHEAD ALONG WITH CONTINUED
DEFLATION OF HOUSING BUBBLE WITH NATIONWIDE AVERAGE PRICE DECLINE OF 8-10%
AND ANOTHER DECLINE OF 15-20% TO COME. SUCKERS’ BEAR MARKET/SHORT-COVERING
RALLY TO KEEP THE SUCKERS SUCKERED AND THE COMPUTERIZED COMMISSION TRADE
DOLLARS FLOWING. (DOW +262, NASDAQ +48, S&P +31) [CLOSE- OIL $101.84 /
GOLD $920 / SILVER $16.85 / PLATINUM $1,877.30 / DOLLAR AT 1.54 AGAINST EURO,
98 YEN, 1.98 POUND STERLING, ETC. (HOW LOW CAN YOU GO - LOWER)]. 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). SMART MONEY WOULD SELL HERE (TAKE PROFITS).
REALITY: THIS IS A BEAR MARKET IN A SECULAR BEAR MARKET IN A RECESSIVE
ECONOMY IN A SECULAR (AND QUITE PERMANENT-THEY’VE MADE ALL THE WRONG CHOICES)
ECONOMIC DOWNTREND IN THE U.S. 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.). TIME TO PUT THE WALL
STREET AMONG OTHER CORPORATE FRAUDS IN JAIL AND REQUIRE FINES, PENALTIES AND
DISGORGEMENT OF THEIR ILL-GOTTEN GAINS. [PLEASE NOTE: I SELDOM NAME
ANALYSTS/REPORTERS/JOURNALISTS BEARING NOT SO GLAD TIDINGS FOR FEAR THEY’LL
BE CRUCIFIED BY THE FRAUDS ON WALL STREET].
http://www.albertpeia.com/wallstreetlunacy10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/currentopics10108.htm
OF COURSE NOT, WHEN YOU PRECIPITATED THE UNPRECEDENTED FINANCIAL DEBACLE
EXTENT TODAY.
Joseph Stiglitz calls financial crisis worst since 1930s Stiglitz said it was
ironic that former Federal Reserve head Alan Greenspan had said it was the
world’s worst economic problem in the last 50 years, adding, “He is the
source of much of the problem”
Jim Rogers: the Fed is Throwing Dollar Out the Window “This man Bernanke was
never elected by anybody. I don’t know where he gets the audacity to spend
$230 billion dollars to bail out a few friends on Wall Street. This is
totally outrageous.”
Rogers: Fed Has “Given Up” On The Dollar Paul Joseph Watson | Investor slams
Bernanke for destroying greenback to bail out friends on Wall Street.
The Fed is just an Extension of the Banking Establishment The Bear bailout
was engineered to serve the needs of the banking establishment; nothing more.
The Federal Reserve and the US Treasury are merely an extension of the
financial industry. The Bear bailout proves it
Stock Guru Granville: We’re in a Crash Octogenarians Joseph Granville and
Robert Stovall predict the worst. “We’re in a crash,” said Granville. “This
is the worst I’ve seen, and I’ve studied every bit of history all my life”
http://www.albertpeia.com/wallstreetlunacy10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/currentopics10108.htm
China Sends Thousands of Troops Into Tibet AFP | A week of protests against
China’s 57-year rule of Tibet erupted into rioting in Lhasa last Friday. Demonstrations
have since spilled over into nearby Chinese provinces with sizeable ethnic
Tibetan populations.
China makes arrests in Tibet crackdown
The video that China doesn't want the world to see
http://infowars.net/articles/march2008/200308video.htm
China Says Tibet Protests Have Spread...
Steps up crackdown...
...Admits Killing Rioters
http://www.albertpeia.com
http://www.albertpeia.com/currentopics10108.htm
http://www.albertpeia.com/wallstreetlunacy10108.htm
SELL INTO STRENGTH /TAKE PROFITS/ SELL DOLLAR DENOMINATED SECURITIES
(3-20-08) (DOW +262, NASDAQ +48, S&P +31) [CLOSE- OIL $101.84 / GOLD $920
/ SILVER $16.85 / PLATINUM $1,877.30 / DOLLAR AT 1.54 AGAINST EURO, 98 YEN,
1.98 POUND STERLING, ETC. (HOW LOW CAN YOU GO - LOWER)]. FULL MOON WITH
OBVIOUS EFFECT ON LUNATIC WALL STREET FRAUDS. SMART MONEY WOULD SELL INTO
THIS SUCKERS’ BEAR MARKET/SHORT-COVERING RALLY (TAKE PROFITS) WHICH IS BASED
UPON B**L S**T AND EXCEEDINGLY BAD ECONOMIC NEWS VIZ., UNEMPLOYMENT CLAIMS UP
MUCH MORE THAN EXPECTED 22,000 TO HIGH 378,000, CREDIT SWISSE TO REVISE
PREVIOUS YEARS PROFITS DOWN ON FURTHER WRITEDOWNS, PHILADELPHIA FED
MANUFACTURING INDEX DOWN, AND LEADING ECONOMIC INDICATORS DOWN FOR FIFTH
MONTH IN A ROW WHICH HAS ALWAYS SIGNALED/INDICATED/PRECEDED ECONOMIC
DOWNTURN/CONTRACTION/RECESSION. ONE SOMEWHAT SENILE ANALYST WELCOMED THE
MASSIVE AMOUNT OF FAKE/FIAT/PRINTED MONEY SAYING THE FINANCIALS WHICH HAVE
LAGGED THE MARKET BY 20% WILL BE HELPED/INFLATED OUT OF THEIR DOLDRUMS
(HYPERINFLATIONARY) BY SAME WHICH HE LIKES BECAUSE HE’S HEAVILY CONCENTRATED
IN FINANCIALS (GREAT CALL) AND THAT THE MONEY HASN’T SHOWN UP YET BUT FAILS
TO REALIZE THE U.S. HAS NEVER BEEN IN SUCH DIRE CIRCUMSTANCES ECONOMICALLY,
FINANCIALLY, AND GEOPOLITICALLY AS NOW. A MORE RATIONAL VIEW BY ECONOMIST DR.
IRVING KELLNER SAID STIMULUS THUS FAR TREATS SYMPTOMS WITH MERE BANDAIDS
WHICH FAIL TO ADDRESS/CURE THE PROBLEM/CAUSE/DISEASE AND IS RATHER SIMPLISTIC
TO A FAULT IN FOCUSING SOLELY ON HOUSING/REAL ESTATE VALUES ALTHOUGH
CORRECTLY STATES THAT EASIER MONEY WILL NOT ENHANCE THE VALUE OF
MORTGAGE-BACKED SECURITIES WHICH REMAIN INDETERMINANT, DOWN, OR GOING DOWN
AND ADVOCATES DEPRESSION ERA APPROACH SINCE HE CORRECTLY STATES ECONOMY HAS
ALREADY (DECEMBER, 2007 OR JANUARY, 2008) ENTERED THE WORST RECESSION OF THE
POST-WAR ERA (DESPITE ELECTION YEAR SPIN). ANOTHER ANALYST SAYS THIS IS A
SHORT-COVERING RALLY AND AN OPPORTUNITY TO SELL/TAKE PROFITS (I TOTALLY
AGREE), THAT THE FED DESPERATION MOVES INCLUDING PRINTING DOLLARS LIKE MAD
HAVE LED TO A DEBASEMENT OF THE U.S. CURRENCY AND THAT THE DOLLAR WILL
CONTINUE TO GO LOWER, THAT TRILLIONS HAVE BEEN BORROWED BUT THAT THEY WILL BE
UNSUCCESSFUL IN REINFLATING THE BUBBLE, THAT THE FINANCIAL CRISIS IS NO WHERE
NEAR BEING OVER WITH MUCH MORE CARNAGE TO COME, AND RECOMMENDS BEING TOTALLY
OUT OF THE DOLLAR INCLUDING DOLLAR DENOMINATED SECURITIES AND INTO OTHER
FOREIGN CURRENCIES/SECURITIES. 3-19-08 MODEST DROP IN STOCKS RELATIVE TO
REALITY. 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). MORGAN STANLEY EARNINGS DOWN 40% BUT BETTER
THAN EXPECTED…..RIIIIIGHT…..ON COMPUTERIZED BOND/STOCK TRADING COMMISSIONS.
MERRILL LYNCH SAYS MORE LOAN LOSSES. ONE ANALYST SAYS NOT MUCH OPTIMISM
REGARDING FED MOVES, DEEPENING FEARS ABOUT ECONOMY, WALL STREET STUCK WITH A
LOT OF STUFF (IE., JUNK BONDS, JUNK SECURITIES, JUNK DERIVATIVES, SUBPRIME
MORTGAGES, ETC.) WHICH CAN’T BE SOLD EXCEPT AT FIRESALE PRICES, AVOID
EQUITIES PARTICULARLY SMALL/MIDCAPS, RAISE CASH (TAKING PROFITS/SELLING),
LOOKING FOR CONFIRMATION, ENTERED RECESSION IN FEBRUARY BUT WITH INFLATION A
VERY TOUGH SCENARIO. AN OIL ANALYST SAYS COMMODITY BUBBLE BURSTING WITH
PROFIT-TAKING/PATH OF LEAST RESISTANCE BUT STILL RECORD DIESEL AT $4.21,
RECORD HOME HEATING OIL $3.80 SO WAIT AND SEE. ANOTHER ANALYST SAYS EMERGING
MARKETS ATTRACTIVE RELATIVE TO DEVELOPED CITING P/E MULTIPLE COMPARISON BUT
NO SAVE HAVEN AND POINTS TO FURTHER WEAKNESS IN DOLLAR RELATIVE TO OTHER
CURRENCIES. METALS ANALYST SAYS RATE CUT LESS THAN EXPECTED AND ETFS (AND
COMPUTERIZED TRADING THEREOF) HAS PROPPED DEMAND. 3-18-08 SUCKERS’ BEAR
MARKET IRRATIONALLY EXUBERANT BUBBLE RALLY ON FED FEAR AND TREMBLING PANIC
MOVE TO KEEP THE SUCKERS SUCKERED AND THE COMPUTERIZED COMMISSION TRADE
DOLLARS FLOWING. 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). WHOLESALE/PRODUCER
PRICES UP MORE THAN EXPECTED .3% WITH CORE RATE UP .5%. HOUSING STARTS DOWN
36% TO LOWEST LEVEL IN 17 YEARS. SHARPLY (MORE THAN 50%) LOWER EARNINGS AT
GOLDMAN AND LEHMAN RALLIES THEIR STOCKS WITH FAMILIAR MANTRA ‘NOT AS BAD AS
EXPECTED’…..RIIIIIGHT! DOLLAR DOWN AGAINST MOST CURRENCIES ON .75% PANIC CUT
IN FED FUNDS RATE TO 2.25%. ONE ANALYST POINTS TO STRENGTH BY SECTOR, VIZ.,
FINANCIALS +8% (FOCUS OF THE BAILOUT), SMALL CAPS +5%, EMERGING MARKETS +5%,
AND SAYS DOLLAR WILL BE BOTTOMING. AN OIL ANALYST SAYS OIL TO GO HIGHER WITH
INFLUX OF SPECULATIVE NEW MONEY FROM RATE CUT. FORMER FED GOVERNOR GRAMLEY
SAY WE’RE IN SERIOUS ECONOMIC CRISIS, IN RECESSION WITH ECONOMIC WEAKNESS
SUFFICIENT TO MUTE DEMAND/SHARPER PRICE INCREASES, AND COMPARES ECONOMY TO
CANCER PATIENT UNDERGOING NECESSARY CHEMOTHERAPY…..RIIIIIGHT….., FED HAS USED
EMERGENCY POWERS NOT USED SINCE THE GREAT DEPRESSION BUT CAN’T RELY SOLELY ON
THE FED. ANOTHER ANALYST TALKS IN TERMS OF TRADING ON A DAY-TO-DAY BASIS
(FACT-THERE ARE HISTORICALLY VERY FEW SUCCESSFUL TRADERS), BELIEVES FED WENT
TOO FAR WITH RATE CUT AND SEES SIGNIFICANT PROBLEM WITH INFLATION, THUMBS UP
FOR METALS/OIL AND LARGE CAP TECH WITH OVERSEAS EARNINGS, BUT FURTHER
CAUTIONS OWING TO NEGATIVE REAL INTEREST RATES (RATES LESS THAN INFLATION,
RISK, ECONOMIC FACTORS/PREMIUMS). FINALLY, THINGS ARE SO HUNKY DORY THAT AS
REPORTED BY CONTINENTAL COIN AND JEWELRY PEOPLE ARE PULLING THEIR TEETH,
EXTRACTING AND SELLING THE GOLD. LOVELY! 3-17-08 LUNATIC/FRAUDS 200+ POINT
COMPUTERIZED BUY PROGRAM SUCKERS’ BEAR MARKET/SHORT-COVERING RALLY TO THE
UPSIDE BASED UPON NOTHING WHATSOEVER THAT HASN’T ALREADY BEEN DISCOUNTED
(IE., MORE RATE CUTS BY FED IN PANIC MODE, ETC.). 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). INDUSTRIAL PRODUCTION FELL A GREATER THAN EXPECTED ONE-HALF OF
1%. ONE ANALYST CITES NEW LOWS FOR DOLLAR AND SUBSTANTIAL MOVE BY FED ALREADY
DISCOUNTED (.75%). ANOTHER ANALYST CITES WEAKER DOLLAR AND SLOWER ECONOMY
IMPACTING DEMAND (IE., FOR GOODS, ETC., AND HENCE, COMMODITY PRICES, HENCE
LOWER OIL PRICE THIS DAY), CITES THIS DAYS SHORT-COVERING RALLY AND
RECOMEMMENDS MULTINATIONALS WITH OVERSEAS EARNINGS (POSITIVE CURRENCY
TRANSLATION) AND OVERSEAS NON-DOLLAR DENOMINATED SECURITIES (UTILITIES,
ETC.). YET ANOTHER ECONOMIST/ANALYST CITES BUSINESS MODELS COMPARABLE TO BEAR
STEARNS IN FINANCIAL SECTOR(PROBLEMS WITH HEDGE FUNDS/INVESTMENT BANKS) WHICH
HAS PROVEN INABILITY TO MANAGE THEIR OWN AFFAIRS SAYING DEREGULATION A
DISASTER AND REREGULATION A CURE, NO END TO FALL IN DOLLAR AS US BECOMES
WORLD’S BEGGAR, AND RECOMMENDS NON-DOLLAR DENOMINATED SECURITIES (IE., EURO,
SWISS FRANC, ETC., AND EMERGING FAR EAST MARKETS). ANOTHER MORE CALIFORNIA/SENILE,
ANALYST/BROKER WHO LIKE OTHERS HAVE LOST SUBSTANTIAL MONIES FOR CLIENTS CITES
LACK OF OF TRANSPARENCY AS VALUE OF HIS BUYS AND HOLDS CONTINUES TO FALL WITH
DOLLAR BUT TALKS SOME SPECULATIVE BUYS AND CASH. A FINANCIAL TIMES EDITOR
SAYS NO BOTTOM YET, THAT BY HISTORICAL STANDARDS THE SCENARIO IS QUITE BAD
FOR THE US, THAT BEAR STEARNS WAS NOT ALONE AMONG US FIRMS IN THEIR PROBLEMS,
THAT THE MARKET IS EXPECTING 1% PANIC CUT BY FED, AND THAT THE US ECONOMY IS
IN DEEP TROUBLE. 3-14-08 EARLY SURGE BASED ON FALSE BENIGN INFLATION REPORT
(SHOWING NO CHANGE IN RETAIL INFLATION) FROM THE GOVERNMENT GIVES WAY TO
REALITY THAT THEY CAN’T COVER UP/LIE ABOUT (DESPITE INTRA-DAY SUCKERS RALLY)
WHEN THERE IS A RUN ON LARGE WALL STREET INVESTMENT BANK BEAR STEARNS (FIRST
SUCH SINCE THE GREAT DEPRESSION) WHICH CITES LIQUIDITY CRISIS AS NY FED AND
JP MORGAN INTERVENE WITH 28 DAY LOAN AS BEAR IS HOLDING HIGH RISK (WORTHLESS)
ASSETS WHICH ARE ILLIQUID (THINLY TRADED/CAN’T BE SOLD) AS RESERVES (THEY ARE
NOT ALONE IN THIS REGARD AMONG THE FRAUDS ON WALLSTREET, ETC., AND ONLY 2
DAYS AGO BEAR SAID BALANCE SHEET STABLE), ALL TIME LOWS FOR THE DOLLAR, WSJ
REPORTS MAJORITY OF ECONOMISTS THINK WE’RE IN RECESSION, MICHIGAN
(NON-WASHINGTON NON-FED GOV’T REPORT) SENTIMENT INDEX AT NEW 16 YEAR LOW. ONE
ANALYST SAYS DOLLAR WEAKNESS/LOWER YIELDS/ECONOMIC CONCERNS WILL CONTINUE
DOWNWARD TREND, INFLATION REPORT SURPRISE/FOOLISH AND HIGHER INFLATION NUMBER
FOR MARCH, CRESCENDO OF BAD NEWS IN COMING WEEK AND LOOK FOR NEW
LOWS/BOTTOM(?). OIL ANALYST CITES WEAK DOLLAR/EASY MONEY FLOWS AND SAYS LOOK
FOR OIL AT $120-$125. ANOTHER ANALYST SAYS ITS TOO LATE FOR FED TO TURN THIS
WRITEDOWN/SUBPRIME/ECONOMIC DOWNTURN AROUND WITH BEAR ANOTHER $35-$70 BILLION
BAD AND WHAT AFTER 28 DAY LOAN-EXPECT TAKEOVER/NO MORE BEAR STEARNS. 3-13-08
SMART MONEY WOULD SELL INTO THIS SUCKERS’ BEAR MARKET RALLY (TAKE PROFITS)
WHICH IS BASED UPON B**L S**T ALONE (NOTHING WHATSOEVER) AS STANDARD AND
POORS ANALYST SAYS THE END OF WRITEDOWNS MIGHT (BUT NOT QUITE) BE IN SIGHT
(WHICH IS LIKE THAT BROKER WHO SELLS STOCKS FOR A LIVING SAYING HE’S TRYING
TO KEEP CLIENTS IN STOCKS BECAUSE AT SOME POINT THEY’LL GO UP)…RIIIIIGHT…..
WHICH IS MEANINGLESS COMING FROM STANDARD AND POORS WHICH SHOULD BE
ACCOUNTABLE/LIABLE (FOR THIS FRAUD) ALONG WITH THE FRAUDS ON WALL STREET,
ETC., FOR THE TRIPLE A RATED SECURITIES ON THE BOOKS WHICH EVERYONE KNOWS ARE
IN FACT NOT TRIPLE A (WORTHLESS JUNK BONDS, ASSETS, ETC.) SPURRING 200+ POINT
SWING TO THE UPSIDE. VAST MAJORITY OF ECONOMISTS NOW SAY WE’RE IN RECESSION
(EVEN DESPITE ELECTION YEAR GIMMICKS-AS GOOD AS GETS). RETAIL SALES DOWN MORE
THAN EXPECTED .6%, FORECLOSURES UP 60% YEAR OVER YEAR, DOLLAR DOWN SHARPLY.
ONE ANALYST SAYS CONTINUED UNEMPLOYMENT/EMPLOYMENT WEAKNESS, PREMATURE TO SAY
AS DID S&P THAT WE’RE NEAR END OF WRITEDOWNS, MAJORITY OF ECONOMISTS NOW
SAY WE’RE IN RECESSION, HOUSING DOWNTURN MUCH FURTHER TO GO, VERY DEFENSIVE
AS STOCKS CONTINUE TO HIT NEW LOWS IN LARGE NUMBERS, WORST OF HOUSING CRISIS
AHEAD, AND THIS IS A BEAR MARKET IN A RECESSION ECONOMY. ANOTHER
ECONOMIST/ANALYST SAYS U.S. CURRENT ACCOUNT DEFICITS, LACK OF TRUST IN U.S.
FINANCIAL INSTITUTIONS AND TRIPLE A RATINGS (BONDS, ETC., WHICH EVERYONE
KNOWS ARE NOT), BANKS’ NEED FOR RECAPITALIZATION, LOW SAVINGS (IE., CONSUMERS
USING IE., GIFT CARDS FOR GROCERIES, ETC.), FED LOSING CREDIBILITY BY
FLIP-FLOPS/WRONG MOVES, AND SEES ONLY SHORT-COVERING RALLIES AT BEST.
VENEZUELA SHIFT TO PAYMENT IN EUROS FOR OIL OUT OF DOLLARS. YET ANOTHER
ECONOMIST SAYS WITH MONEY SUPPLY INCREASING AT EXORBITANT 27% PER ANNUM,
CITING ECONOMIST FRIEDMAN SAYS HYPER-INFLATIONARY (CONTRARY TO LAND OF FRUITS
AND NUTS ECONOMISTS WHO THIS DAY SEE LAND OF FRUITS AND NUTS REAL ESTATE DOWN
17.6%, SALES DOWN 40-45%, AND MEDIAN HOME PRICES DOWN $100,000, AND BUDGET
DEFICITS ACROSS THE BOARD). 3-12-08 VERY MODEST DROP IN STOCKS RELATIVE TO
REALITY, DOLLAR DOWN SHARPLY ON PANICKY FED KNEE JERK FUNNY MONEY ACTION, ONE
ANALYST/BROKER WHO SELLS STOCKS FOR A LIVING SAYS HE’S TRYING TO KEEP CLIENTS
IN STOCKS BECAUSE AT SOME POINT THEY’LL GO UP…..RIIIIIGHT…..REFERENCES THAT
THIS IS WORST R.E. DOWNTURN IN 100 YEARS AND NO BOTTOM YET IN R.E. AND WSJ
SAYS WORSE TO COME IN BAD PAPER (WRITEDOWNS, ETC.), AN OIL ANALYST SAYS
RECORD HIGH OIL PRICES ARE HEDGE AGAINST FALLING DOLLAR WITH A LOT OF DOLLARS
RELATIVE TO GOODS (AS IE., OIL, OTHER COMMODITIES, ETC.-HYPERINFLATION) AND
IF YOU HOLD DOLLARS/DOLLAR DENOMINATED ASSETS/SECURITIES YOU LOSE VALUE AND
SEES $4.00 GAS NATIONWIDE WITH RECORD DIESEL, WHILE ANOTHER ANALYST SAYS THAT
SEEING FED GO FROM LENDER OF LAST RESORT TO LENDER (PRINTER) OF FIRST RESORT
IS WORRISOME/TROUBLESOME. 3-11-08 SUCKERS’ BEAR MARKET IRRATIONALLY EXUBERANT
NEW EPHEMERAL BUBBLE RALLY ON FED FEAR AND TREMBLING PANIC MOVE TO ADD $200
BILLION IN WORLDWIDE LIQUIDITY BY TEMPORARILY REPLACING (28 DAYS) ONE TYPE OF
FUNNY-MONEY (WORTHLESS SUBPRIME COLLATERALIZED DEBT) WITH ANOTHER LONGER TERM
WORTHLESS FUNNY-MONEY (U.S. DEBT WHICH CAN’T BE PAID BACK) WHICH IS A GREAT
B.S. TALKING POINT BUT JUST A DROP IN THE BUCKET CONSIDERING THE MAGNITUDE OF
THE UNDISCLOSED WRITEDOWNS/WORTHLESS PAPER BEING HELD(AND, CURING A BUBBLE
WITH A NEW BUBBLE-I DON'T THINK SO), ONE ANALYST POINTS TO THE
HYPERINFLATIONARY EFFECTS OF TOO MUCH LIQUIDITY CHASING TOO FEW GOODS AND
MORE BAD NEWS TO COME IN TECH SECTOR AND EARNINGS ALONG WITH MORE
WRITEOFFS/WRITEDOWNS WITH WORSE TO COME/NO BOTTOM YET AND HE REMAINS A BEAR,
LAND OF FRUITS AND NUTS ECONOMIST SAYS BAD BUT NOT TECHNICALLY RECESSION
BASED ON GOVERNMENT ELECTION-YEAR DATA (ONLY NUTS AND NUTS FROM THE LAND OF
FRUITS AND NUTS BELIEVE SAME) WHILE TWO OTHER ECONOMISTS SAY RECESSION WITH
STRUCTURAL PROBLEMS/HIGH INFLATION/LOWER DOLLAR AS FOREIGNERS/INVESTORS GET
OUT OF WORTHLESS DOLLAR WITH BIG TROUBLE FOR U.S. POST-ELECTION AS REALITY
SETS IN, TRADE GAP WIDENED, AND SMART MONEY WOULD SELL THIS RALLY/TAKE
PROFITS. 3-10-08 MODEST DROP IN STOCKS RELATIVE TO REALITY, NEW BANK
DOWNGRADES, MORGAN SLASHES EARNINGS ESTIMATES FOR S&P AND SAYS ALREADY IN
RECESSION, EVEN MORE ECONOMISTS NOW SAY THE OBVIOUS/RECESSION, RUMOR THAT
BEAR STERNS WITH SUBSTANTIAL LIQUIDITY ISSUES IS GOING UNDER, DOLLAR DOWN,
EARNINGS ESTIMATES CUT ON CITIBANK AND BANKOFAMERICA, ONE ECONOMIST/ANALYST
SAYS (HYPERINFLATIONARY) HIGH ENERGY AND FOOD PRICES (CONVENIENTLY LEFT OUT
OF THE FED’S “TOUTED” CORE RATE) ARE SQUEEZING THE CONSUMER (AND HENCE,
CONSUMPTION/65% OF GDP) AND THAT COMMODITIES A BUBBLE AND MULTINATIONALS WITH
OVERSEAS EARNINGS/POSITVE CURRENCY TRANSLATION TO WEAKER DOLLAR PREFERRED, AN
OIL ANALYST SAYS $200 OIL POSSIBLE (REITERATING GOLDMAN) WITH CONTINUED
WEAKENING OF DOLLAR, ANOTHER ANALYST/JOURNALIST SAYS SELL DOLLAR DENOMINATED
STOCKS/SECURITIES/ASSETS WHICH HAVE MUCH FURTHER TO FALL AND REITERATES AS
DID BARRON’S THAT MORTGAGE INSURERS HAVE OVER $5 TRILLION IN DEBT/EXPOSURE AND
THAT MANY OF THE NATIONS BANKS ARE ALREADY INSOLVENT SO GET OUT OF THE DOLLAR
AND U.S. STOCKS. 3-7-08 BAD EMPLOYMENT/JOBS DATA ACROSS ALL SECTORS AS 63,000
JOBS LOST WITH DOWNWARD REVISIONS TO DECEMBER AND JANUARY (ACTUALLY LOST
20,000) JOBS NUMBERS, ONE ANALYST SAYS WE’RE IN A RECESSION WHILE MORE
ECONOMISTS SAY RECESSION WITH ONE STATING THAT YOU ALMOST NEVER SEE
BACK-TO-BACK MONTHLY DECLINE IN EMPLOYMENT WITHOUT RECESSION AS NOW, DOLLAR
AT NEW RECORD LOWS, CONSUMERS INCREASED BORROWING TO STAY AFLOAT, WASHINGTON
MUTUAL FURTHER DOWNGRADES, SUPPORT LEVELS BROKEN TO THE DOWNSIDE, SENTIMENT-
85% BELIEVE THINGS WILL GET WORSE. 3-6-08 MODEST DROP IN STOCKS RELATIVE TO
REALITY TO KEEP THE SUCKERS SUCKERED AND THE COMPUTERIZED COMMISSION TRADE
DOLLARS FLOWING. 23% INCREASE IN FORECLOSURES IN FOURTH QUARTER NEW RECORD
HIGH, DOLLAR AT NEW RECORD LOWS, 10% OF HOMES WITH 0 OR NEGATIVE EQUITY,
MORTGAGE BANKERS ASSOCIATION SAYS HOME FORECLOSURES AT ALL-TIME HIGH AND
GOING HIGHER, ONE R.E. ANALYST SAYS ROUGH YEAR AHEAD WITH FORECLOSURES AND
DEFAULTS UP, ONE ANALYST SAYS MARKET WILL TEST NEW LOWS/SUPPORT LEVELS WITH
FLIGHT TO “QUALITY”/TREASURIES, LENDER THORNBURG DEFAULTS AND ALONG WITH
WASHINGTON MUTUAL IS DOWNGRADED, CONTINUING CLAIMS FOR UNEMPLOYMENT AT HIGH
LEVELS MEANS COMPANIES SHRINKING, IGNORE KNEE-JERK ELECTION YEAR GOVERNMENT
HUNKY DORY FAKE REPORTS. 3-5-08 OIL INVENTORIES LESS THAN EXPECTED, FED BEIGE
BOOK CITES ECONOMIC WEAKNESS PARTICULARLY SINCE BEGINNING OF THE YEAR, LABOR
COSTS ROSE, RISING PRICE PRESSURES/STAGFLATION, RECESSION/BEAR MARKET, ONE
ANALYST SAYS TOUGH FIRST HALF RECOMMENDS MULTINATIONALS WITH 50% OVERSEAS
EARNINGS (FAVORABLE CURRENCY TRANSLATION) AND CONSUMER STAPLES/HEALTH
RELATED/DEFENSIVE STOCKS, AMBAC TO FLOAT STOCK TO SHORE UP BALANCE SHEET TO
TUNE OF $1.5 BILLION/DILUTION AND SHARES FALL $2 TO $8.70, OIL ANALYST CITES
DECLINE IN OIL INVENTORIES/DIESEL/JET FUEL AND WEAK DOLLAR AND TOP $108-$110
BUT $120-$130 IF VENEZUELA/COLUMBIA CONFLICT AND MORE RECORD HIGH GAS PRICES
TO COME, ANOTHER ECONOMIST/ANALYST SAYS CONTINUED DECLINE IN REAL
ESTATE/HOUSING WITH STARTS DOWN 15-20-40% ON WELL DESERVED PESSIMISM/CREDIT
CRUNCH. 3-4-08 SUCKERS’ BEAR MARKET RALLY INTO THE CLOSE BASED ON B**L S**T
ALONE, VIZ., RUMOR/SPECULATION ABOUT YET ANOTHER BAILOUT FOR WALL
STREET/AMBAC/BOND INSURERS AND OVER 200 POINT SWING TO THE UPSIDE BASED ON
NOTHING WHATSOEVER, ONE ECONOMIST/ANALYST NOTES THIS IS THE DEEPEST HOUSING
DECLINE SINCE GREAT DEPRESSION, BERNANKE SAYS ANOTHER SPIKE IN FORECLOSURES
AHEAD AND PROPOSES REDUCTION OF PRINCIPAL AMOUNTS IN EXISTING LOANS (SOUNDS
LIKE A PLAN…..RIIIIIGHT!), KEN SHREVE FINANCE EDITOR INVESTORS BUSINESS DAILY
SAYS BEAR MARKET 6-9 MONTHS/ DON’T TRY TO CATCH A FALLING KNIFE AS
INSTITUTIONS STILL SELLING/KEEP MONEY SAFE IN 3% MONEY MARKET FOR TIME BEING,
ONE OIL ANALYST SAYS OIL HIGHER BEFORE LOWER AS EXPECTED RATE CUT WILL
FURTHER WEAKEN DOLLAR AND DRIVE UP OIL/COMMODITIES PRICES AND PROBLEMS IN
CONSUMER DEBT IN ADDITION TO MORTGAGES AND NOBODY WANTS TO HOLD DOLLARS,
3-3-08 SUCKERS’ BEAR MARKET RALLY INTO THE CLOSE, YES WE ARE IN A RECESSION
FROM SOMEONE WHO UNLIKE THE FRAUDS ON WALL STREET HAS READ SECURITY ANALYSIS
BY GRAHAM, DODD, AND COTTLE AND UNDERSTANDS IT (WARREN BUFFET), ALL NEWS
NEGATIVE, IE., ISM MANUFACTURING INDEX DOWN TO 48.3 (CONTRACTION), CAR SALES
DOWN AT GM (-12%) AND FORD (-7%), CONSTRUCTION SPENDING DOWN MOST IN 14
YEARS, OIL ANALYSTS POINT TO THE NEW HIGHS WHILE ECONOMIST/ANALYST SAYS
DOLLAR HAS FALLEN THROUGH ALL SUPPORT LEVELS MEANING MORE BOTTOMS TO COME,
INFLATION OUTPACING CONSUMER SPENDING (EVEN WITH SPENDING NUMBER HIGHER THAN
EXPECTED WHICH PROBABLY MEANS REALITY WAS NEGATIVE), CONSUMER
CONFIDENCE/SENTIMENT DOWN SHARPLY, CHICAGO MANUFACTURING INDEX DOWN
INDICATING CONTRACTION, $5.29 BILLION LOSS FOR AIG ON WRITEOFFS, INTRA DAY
HIGH FOR OIL OVER $103, INFLATION/WEAK DOLLAR/ECONOMIC WEAKNESS=STAGFLATION,
FOURTH MONTHLY DECLINE IN A ROW FOR STOCK MARKET, ONE ECONOMIST/ANALYST IF
NOT THEN ALMOST IN RECESSION WITH WORSE INFLATION NEWS AND INFLATION ADJUSTED
INCOME/SPENDING FLAT, ANOTHER ECONOMIST/ANALYST SAYS RECESSION AND CITES
NEGATIVE SAVINGS RATE AND FURTHER ECONOMIC WEAKNESS, ANALYST SAYS CONTINUED
ECONOMIC WEAKNESS WITH FURTHER DOLLAR DECLINE SO BULLISH ON METALS AND
BEARISH ON STOCKS, AND YET ANOTHER ECONOMIST/ANALYST SAYS INFLATION/RECESSION
BUT NOT DEPRESSION…..RIIIIIGHT, GDP GROWTH REPORTED MUCH LESS THAN EXPECTED
(BUT CLOSER TO REALITY) AT MINISCULE .6%, UNEMPLOYMENT CLAIMS JUMP 19,000 TO
373,000 AT HIGHEST LEVEL SINCE POST KATRINA, BERNANKE SAYS CONSUMER WORSE OFF
THAN JUST AFTER 911(?) AND THAT SOME BANKS COULD (WILL) FAIL AND THAT
STAGFLATION WILL NOT BE AS BAD AS THE 70’S, FANNIE MAE AND FREDDIE MAC SHOW
MASSIVE LOSSES, ONE ANALYST 50 YEARS IN THE BUSINESS SEES RECESSION AND SAYS
FINANCIALS HAVE BECOME IMPENETRABLE IN TERMS OF ANALYSIS/LOSSES, ANOTHER
ECONOMIST/ANALYST SAYS WE’RE NOWHERE NEAR IMPROVEMENT IN R.E./HOUSING MARKET,
YET ANOTHER ECONOMIST/ANALYST SAYS RECESSION WITH HIGHER INFLATION LOWER
GROWTH (STAGFLATION) AND THAT FED FORECASTS HAVE BEEN WRONG AND ONLY
RECESSION TO BRING DOWN INFLATION, NEW RECORD LOW FOR DOLLAR AGAINST EURO AND
SWISS FRANC (AND EVEN WORTH LESS THAN THE LOWLY CANADIAN LOONEY, ETC.) WHICH
ALONG WITH DEFICIT SPENDING IS HYPERINFLATIONARY AS OIL SEES NEW INTRADAY
HIGH OF $102.64, SALES/ORDERS OF DURABLE GOODS DOWN MORE THAN EXPECTED 5.3%,
BERNANKE’S NEGATIVE COMMENTS ON GREENSPAN RECESSION PROMISES RATE CUTS FOR
NEW BUBBLE WHICH RALLIES STOCKS, ONE ANALYST SAYS BANKS AS THEIR OWN INSURERS
INCREASES RISK, ANOTHER ANALYST SAYS CONTINUED DEFICIT SPENDING INCREASES
INFLATIONARY PROBLEMS/RISK, FORECLOSURES/BANK REPO’S UP 90% YEAR OVER YEAR,
REGULATORS PREDICT OVER 100 BANK FAILURES, FORECLOSURES UP 57% IN JANUARY,
WHOLESALE INFLATION UP MUCH HIGHER THAN EXPECTED 7.5% (CORE RATE 4+%), 9%
DROP IN HOME VALUES/PRICES, CONSUMER CONFIDENCE DOWN TO 17 YEAR LOW, ELECTION
YEAR/PROTECT INCOMPETENT INCUMBENT GOV’T PRINTING WORTHLESS DOLLARS LIKE MAD
WITH EXCESS LIQUIDITY CHASING TOO FEW GOODS (IE., FOOD UP 6%, ETC.) WHICH IS
HYPER-INFLATIONARY, ECONOMIST/ANALYST DR. KELLNER SAYS EASIER MONEY/FISCAL
PACKAGE WON’T REFLATE HOUSING MARKET (RECESSION), ANOTHER ANALYST SAYS IN
BEAR MARKET/RECESSION RECOMMENDS DEFENSIVE/PREFERRED STOCKS/BONDS/CASH, DR.
SHILLER- CASE-SHILLER INDEX- HOME VALUES CONTINUED DECLINE AND IN OR ABOUT TO
ENTER RECESSION (THAT’S ALREADY HERE), Stiglitz Blames Greenspan For
Recession, IBM ON $15 BILLION BUYBACK AND JAWBONING AND SIGNIFICANT OVERSEAS
SALES (AND POSITIVE CURRENCY TRANSLATION TO THE WORTHLESS DOLLAR) RALLIES
MARKET (WHAT BULL S**T), SHARPLY LOWER AND MORE WORTHLESS DOLLAR/HIGH OIL
PRICE RALLY CREATES YET ANOTHER B.S. SWING OF OVER 200 POINTS TO THE UPSIDE,
FOOD PRICES UP 6% ON ETHANOL CROWD-OUT, HOME SALES DOWN 5.5% / MEDIAN SALES
PRICE DOWN 4.6%, ONE R.E. EXPERT SAYS WITH SALES FALLING AND FORECLOSURES
RISING WORSE YET TO COME, LEADING ECONOMIC INDICATORS FELL FOR FOURTH MONTH
IN A ROW (-.1%), PHILADELPHIA FED MANUFACTURING INDEX UNEXPECTEDLY AND
SIGNIFICANTLY LOWER (THE PHILADELPHIA MANUFACTURING INDEX FELL TO A -24,
INDICATING A SHARP CONTRACTION IN THE REGION'S MANUFACTURING ACTIVITY.
ECONOMISTS HAD ANTICIPATED A READING OF -10, A LESS PRONOUNCED CONTRACTION.
LAST MONTH THE READING CAME IN AT -20.9.), ONE ECONOMIST/ANALYST SAYS
SIGNIFICANT INFLATION AND UNEMPLOYMENT-STAGFLATION-AHEAD ALONG WITH CONTINUED
DEFLATION OF HOUSING BUBBLE WITH NATIONWIDE AVERAGE PRICE DECLINE OF 8-10%
AND ANOTHER DECLINE OF 15-20% TO COME. SUCKERS’ BEAR MARKET/SHORT-COVERING
RALLY TO KEEP THE SUCKERS SUCKERED AND THE COMPUTERIZED COMMISSION TRADE
DOLLARS FLOWING. (DOW +262, NASDAQ +48, S&P +31) [CLOSE- OIL $101.84 /
GOLD $920 / SILVER $16.85 / PLATINUM $1,877.30 / DOLLAR AT 1.54 AGAINST EURO,
98 YEN, 1.98 POUND STERLING, ETC. (HOW LOW CAN YOU GO - LOWER)]. 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). SMART MONEY WOULD SELL HERE (TAKE PROFITS).
REALITY: THIS IS A BEAR MARKET IN A SECULAR BEAR MARKET IN A RECESSIVE
ECONOMY IN A SECULAR (AND QUITE PERMANENT-THEY’VE MADE ALL THE WRONG CHOICES)
ECONOMIC DOWNTREND IN THE U.S. 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.). TIME TO PUT THE WALL
STREET AMONG OTHER CORPORATE FRAUDS IN JAIL AND REQUIRE FINES, PENALTIES AND
DISGORGEMENT OF THEIR ILL-GOTTEN GAINS. [PLEASE NOTE: I SELDOM NAME ANALYSTS/REPORTERS/JOURNALISTS
BEARING NOT SO GLAD TIDINGS FOR FEAR THEY’LL BE CRUCIFIED BY THE FRAUDS ON
WALL STREET].
http://www.albertpeia.com/wallstreetlunacy10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/currentopics10108.htm
WHAT CREDIBILITY DOES A MORON AND WAR CRIMINAL LIKE BUSH HAVE TO EVEN MAKE
SUCH A PREPOSTEROUS CLAIM GIVEN THE REALITY:
CLOSING NUMBERS STOCKS/METALS/OIL/COMMENTARY
SELL INTO STRENGTH /TAKE PROFITS/ SELL DOLLAR DENOMINATED SECURITIES
(3-20-08) (DOW +262, NASDAQ +48, S&P +31) [CLOSE- OIL $101.84 / GOLD $920
/ SILVER $16.85 / PLATINUM $1,877.30 / DOLLAR AT 1.54 AGAINST EURO, 98 YEN,
1.98 POUND STERLING, ETC. (HOW LOW CAN YOU GO - LOWER)]. FULL MOON WITH
OBVIOUS EFFECT ON LUNATIC WALL STREET FRAUDS. SMART MONEY WOULD SELL INTO
THIS SUCKERS’ BEAR MARKET/SHORT-COVERING RALLY (TAKE PROFITS) WHICH IS BASED
UPON B**L S**T AND EXCEEDINGLY BAD ECONOMIC NEWS VIZ., UNEMPLOYMENT CLAIMS UP
MUCH MORE THAN EXPECTED 22,000 TO HIGH 378,000, CREDIT SWISSE TO REVISE
PREVIOUS YEARS PROFITS DOWN ON FURTHER WRITEDOWNS, PHILADELPHIA FED
MANUFACTURING INDEX DOWN, AND LEADING ECONOMIC INDICATORS DOWN FOR FIFTH
MONTH IN A ROW WHICH HAS ALWAYS SIGNALED/INDICATED/PRECEDED ECONOMIC
DOWNTURN/CONTRACTION/RECESSION. ONE SOMEWHAT SENILE ANALYST WELCOMED THE
MASSIVE AMOUNT OF FAKE/FIAT/PRINTED MONEY SAYING THE FINANCIALS WHICH HAVE
LAGGED THE MARKET BY 20% WILL BE HELPED/INFLATED OUT OF THEIR DOLDRUMS
(HYPERINFLATIONARY) BY SAME WHICH HE LIKES BECAUSE HE’S HEAVILY CONCENTRATED
IN FINANCIALS (GREAT CALL) AND THAT THE MONEY HASN’T SHOWN UP YET BUT FAILS
TO REALIZE THE U.S. HAS NEVER BEEN IN SUCH DIRE CIRCUMSTANCES ECONOMICALLY,
FINANCIALLY, AND GEOPOLITICALLY AS NOW. A MORE RATIONAL VIEW BY ECONOMIST DR.
IRVING KELLNER SAID STIMULUS THUS FAR TREATS SYMPTOMS WITH MERE BANDAIDS
WHICH FAIL TO ADDRESS/CURE THE PROBLEM/CAUSE/DISEASE AND IS RATHER SIMPLISTIC
TO A FAULT IN FOCUSING SOLELY ON HOUSING/REAL ESTATE VALUES ALTHOUGH
CORRECTLY STATES THAT EASIER MONEY WILL NOT ENHANCE THE VALUE OF
MORTGAGE-BACKED SECURITIES WHICH REMAIN INDETERMINANT, DOWN, OR GOING DOWN
AND ADVOCATES DEPRESSION ERA APPROACH SINCE HE CORRECTLY STATES ECONOMY HAS
ALREADY (DECEMBER, 2007 OR JANUARY, 2008) ENTERED THE WORST RECESSION OF THE
POST-WAR ERA (DESPITE ELECTION YEAR SPIN). ANOTHER ANALYST SAYS THIS IS A
SHORT-COVERING RALLY AND AN OPPORTUNITY TO SELL/TAKE PROFITS (I TOTALLY
AGREE), THAT THE FED DESPERATION MOVES INCLUDING PRINTING DOLLARS LIKE MAD
HAVE LED TO A DEBASEMENT OF THE U.S. CURRENCY AND THAT THE DOLLAR WILL
CONTINUE TO GO LOWER, THAT TRILLIONS HAVE BEEN BORROWED BUT THAT THEY WILL BE
UNSUCCESSFUL IN REINFLATING THE BUBBLE, THAT THE FINANCIAL CRISIS IS NO WHERE
NEAR BEING OVER WITH MUCH MORE CARNAGE TO COME, AND RECOMMENDS BEING TOTALLY
OUT OF THE DOLLAR INCLUDING DOLLAR DENOMINATED SECURITIES AND INTO OTHER FOREIGN
CURRENCIES/SECURITIES. 3-19-08 MODEST DROP IN STOCKS RELATIVE TO REALITY. 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). MORGAN STANLEY EARNINGS DOWN 40% BUT BETTER THAN
EXPECTED…..RIIIIIGHT…..ON COMPUTERIZED BOND/STOCK TRADING COMMISSIONS.
MERRILL LYNCH SAYS MORE LOAN LOSSES. ONE ANALYST SAYS NOT MUCH OPTIMISM
REGARDING FED MOVES, DEEPENING FEARS ABOUT ECONOMY, WALL STREET STUCK WITH A
LOT OF STUFF (IE., JUNK BONDS, JUNK SECURITIES, JUNK DERIVATIVES, SUBPRIME
MORTGAGES, ETC.) WHICH CAN’T BE SOLD EXCEPT AT FIRESALE PRICES, AVOID
EQUITIES PARTICULARLY SMALL/MIDCAPS, RAISE CASH (TAKING PROFITS/SELLING),
LOOKING FOR CONFIRMATION, ENTERED RECESSION IN FEBRUARY BUT WITH INFLATION A
VERY TOUGH SCENARIO. AN OIL ANALYST SAYS COMMODITY BUBBLE BURSTING WITH
PROFIT-TAKING/PATH OF LEAST RESISTANCE BUT STILL RECORD DIESEL AT $4.21,
RECORD HOME HEATING OIL $3.80 SO WAIT AND SEE. ANOTHER ANALYST SAYS EMERGING
MARKETS ATTRACTIVE RELATIVE TO DEVELOPED CITING P/E MULTIPLE COMPARISON BUT
NO SAVE HAVEN AND POINTS TO FURTHER WEAKNESS IN DOLLAR RELATIVE TO OTHER
CURRENCIES. METALS ANALYST SAYS RATE CUT LESS THAN EXPECTED AND ETFS (AND
COMPUTERIZED TRADING THEREOF) HAS PROPPED DEMAND. 3-18-08 SUCKERS’ BEAR
MARKET IRRATIONALLY EXUBERANT BUBBLE RALLY ON FED FEAR AND TREMBLING PANIC
MOVE TO KEEP THE SUCKERS SUCKERED AND THE COMPUTERIZED COMMISSION TRADE
DOLLARS FLOWING. 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). WHOLESALE/PRODUCER
PRICES UP MORE THAN EXPECTED .3% WITH CORE RATE UP .5%. HOUSING STARTS DOWN
36% TO LOWEST LEVEL IN 17 YEARS. SHARPLY (MORE THAN 50%) LOWER EARNINGS AT
GOLDMAN AND LEHMAN RALLIES THEIR STOCKS WITH FAMILIAR MANTRA ‘NOT AS BAD AS
EXPECTED’…..RIIIIIGHT! DOLLAR DOWN AGAINST MOST CURRENCIES ON .75% PANIC CUT
IN FED FUNDS RATE TO 2.25%. ONE ANALYST POINTS TO STRENGTH BY SECTOR, VIZ.,
FINANCIALS +8% (FOCUS OF THE BAILOUT), SMALL CAPS +5%, EMERGING MARKETS +5%,
AND SAYS DOLLAR WILL BE BOTTOMING. AN OIL ANALYST SAYS OIL TO GO HIGHER WITH
INFLUX OF SPECULATIVE NEW MONEY FROM RATE CUT. FORMER FED GOVERNOR GRAMLEY
SAY WE’RE IN SERIOUS ECONOMIC CRISIS, IN RECESSION WITH ECONOMIC WEAKNESS
SUFFICIENT TO MUTE DEMAND/SHARPER PRICE INCREASES, AND COMPARES ECONOMY TO
CANCER PATIENT UNDERGOING NECESSARY CHEMOTHERAPY…..RIIIIIGHT….., FED HAS USED
EMERGENCY POWERS NOT USED SINCE THE GREAT DEPRESSION BUT CAN’T RELY SOLELY ON
THE FED. ANOTHER ANALYST TALKS IN TERMS OF TRADING ON A DAY-TO-DAY BASIS
(FACT-THERE ARE HISTORICALLY VERY FEW SUCCESSFUL TRADERS), BELIEVES FED WENT
TOO FAR WITH RATE CUT AND SEES SIGNIFICANT PROBLEM WITH INFLATION, THUMBS UP
FOR METALS/OIL AND LARGE CAP TECH WITH OVERSEAS EARNINGS, BUT FURTHER CAUTIONS
OWING TO NEGATIVE REAL INTEREST RATES (RATES LESS THAN INFLATION, RISK,
ECONOMIC FACTORS/PREMIUMS). FINALLY, THINGS ARE SO HUNKY DORY THAT AS
REPORTED BY CONTINENTAL COIN AND JEWELRY PEOPLE ARE PULLING THEIR TEETH,
EXTRACTING AND SELLING THE GOLD. LOVELY! 3-17-08 LUNATIC/FRAUDS 200+ POINT
COMPUTERIZED BUY PROGRAM SUCKERS’ BEAR MARKET/SHORT-COVERING RALLY TO THE
UPSIDE BASED UPON NOTHING WHATSOEVER THAT HASN’T ALREADY BEEN DISCOUNTED
(IE., MORE RATE CUTS BY FED IN PANIC MODE, ETC.). 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). INDUSTRIAL PRODUCTION FELL A GREATER THAN EXPECTED ONE-HALF OF
1%. ONE ANALYST CITES NEW LOWS FOR DOLLAR AND SUBSTANTIAL MOVE BY FED ALREADY
DISCOUNTED (.75%). ANOTHER ANALYST CITES WEAKER DOLLAR AND SLOWER ECONOMY
IMPACTING DEMAND (IE., FOR GOODS, ETC., AND HENCE, COMMODITY PRICES, HENCE
LOWER OIL PRICE THIS DAY), CITES THIS DAYS SHORT-COVERING RALLY AND
RECOMEMMENDS MULTINATIONALS WITH OVERSEAS EARNINGS (POSITIVE CURRENCY
TRANSLATION) AND OVERSEAS NON-DOLLAR DENOMINATED SECURITIES (UTILITIES,
ETC.). YET ANOTHER ECONOMIST/ANALYST CITES BUSINESS MODELS COMPARABLE TO BEAR
STEARNS IN FINANCIAL SECTOR(PROBLEMS WITH HEDGE FUNDS/INVESTMENT BANKS) WHICH
HAS PROVEN INABILITY TO MANAGE THEIR OWN AFFAIRS SAYING DEREGULATION A
DISASTER AND REREGULATION A CURE, NO END TO FALL IN DOLLAR AS US BECOMES
WORLD’S BEGGAR, AND RECOMMENDS NON-DOLLAR DENOMINATED SECURITIES (IE., EURO,
SWISS FRANC, ETC., AND EMERGING FAR EAST MARKETS). ANOTHER MORE
CALIFORNIA/SENILE, ANALYST/BROKER WHO LIKE OTHERS HAVE LOST SUBSTANTIAL
MONIES FOR CLIENTS CITES LACK OF OF TRANSPARENCY AS VALUE OF HIS BUYS AND
HOLDS CONTINUES TO FALL WITH DOLLAR BUT TALKS SOME SPECULATIVE BUYS AND CASH.
A FINANCIAL TIMES EDITOR SAYS NO BOTTOM YET, THAT BY HISTORICAL STANDARDS THE
SCENARIO IS QUITE BAD FOR THE US, THAT BEAR STEARNS WAS NOT ALONE AMONG US
FIRMS IN THEIR PROBLEMS, THAT THE MARKET IS EXPECTING 1% PANIC CUT BY FED,
AND THAT THE US ECONOMY IS IN DEEP TROUBLE. 3-14-08 EARLY SURGE BASED ON
FALSE BENIGN INFLATION REPORT (SHOWING NO CHANGE IN RETAIL INFLATION) FROM
THE GOVERNMENT GIVES WAY TO REALITY THAT THEY CAN’T COVER UP/LIE ABOUT
(DESPITE INTRA-DAY SUCKERS RALLY) WHEN THERE IS A RUN ON LARGE WALL STREET
INVESTMENT BANK BEAR STEARNS (FIRST SUCH SINCE THE GREAT DEPRESSION) WHICH
CITES LIQUIDITY CRISIS AS NY FED AND JP MORGAN INTERVENE WITH 28 DAY LOAN AS
BEAR IS HOLDING HIGH RISK (WORTHLESS) ASSETS WHICH ARE ILLIQUID (THINLY
TRADED/CAN’T BE SOLD) AS RESERVES (THEY ARE NOT ALONE IN THIS REGARD AMONG
THE FRAUDS ON WALLSTREET, ETC., AND ONLY 2 DAYS AGO BEAR SAID BALANCE SHEET
STABLE), ALL TIME LOWS FOR THE DOLLAR, WSJ REPORTS MAJORITY OF ECONOMISTS
THINK WE’RE IN RECESSION, MICHIGAN (NON-WASHINGTON NON-FED GOV’T REPORT)
SENTIMENT INDEX AT NEW 16 YEAR LOW. ONE ANALYST SAYS DOLLAR WEAKNESS/LOWER
YIELDS/ECONOMIC CONCERNS WILL CONTINUE DOWNWARD TREND, INFLATION REPORT
SURPRISE/FOOLISH AND HIGHER INFLATION NUMBER FOR MARCH, CRESCENDO OF BAD NEWS
IN COMING WEEK AND LOOK FOR NEW LOWS/BOTTOM(?). OIL ANALYST CITES WEAK
DOLLAR/EASY MONEY FLOWS AND SAYS LOOK FOR OIL AT $120-$125. ANOTHER ANALYST
SAYS ITS TOO LATE FOR FED TO TURN THIS WRITEDOWN/SUBPRIME/ECONOMIC DOWNTURN
AROUND WITH BEAR ANOTHER $35-$70 BILLION BAD AND WHAT AFTER 28 DAY
LOAN-EXPECT TAKEOVER/NO MORE BEAR STEARNS. 3-13-08 SMART MONEY WOULD SELL
INTO THIS SUCKERS’ BEAR MARKET RALLY (TAKE PROFITS) WHICH IS BASED UPON B**L
S**T ALONE (NOTHING WHATSOEVER) AS STANDARD AND POORS ANALYST SAYS THE END OF
WRITEDOWNS MIGHT (BUT NOT QUITE) BE IN SIGHT (WHICH IS LIKE THAT BROKER WHO
SELLS STOCKS FOR A LIVING SAYING HE’S TRYING TO KEEP CLIENTS IN STOCKS
BECAUSE AT SOME POINT THEY’LL GO UP)…RIIIIIGHT….. WHICH IS MEANINGLESS COMING
FROM STANDARD AND POORS WHICH SHOULD BE ACCOUNTABLE/LIABLE (FOR THIS FRAUD)
ALONG WITH THE FRAUDS ON WALL STREET, ETC., FOR THE TRIPLE A RATED SECURITIES
ON THE BOOKS WHICH EVERYONE KNOWS ARE IN FACT NOT TRIPLE A (WORTHLESS JUNK
BONDS, ASSETS, ETC.) SPURRING 200+ POINT SWING TO THE UPSIDE. VAST MAJORITY
OF ECONOMISTS NOW SAY WE’RE IN RECESSION (EVEN DESPITE ELECTION YEAR
GIMMICKS-AS GOOD AS GETS). RETAIL SALES DOWN MORE THAN EXPECTED .6%,
FORECLOSURES UP 60% YEAR OVER YEAR, DOLLAR DOWN SHARPLY. ONE ANALYST SAYS
CONTINUED UNEMPLOYMENT/EMPLOYMENT WEAKNESS, PREMATURE TO SAY AS DID S&P
THAT WE’RE NEAR END OF WRITEDOWNS, MAJORITY OF ECONOMISTS NOW SAY WE’RE IN
RECESSION, HOUSING DOWNTURN MUCH FURTHER TO GO, VERY DEFENSIVE AS STOCKS
CONTINUE TO HIT NEW LOWS IN LARGE NUMBERS, WORST OF HOUSING CRISIS AHEAD, AND
THIS IS A BEAR MARKET IN A RECESSION ECONOMY. ANOTHER ECONOMIST/ANALYST SAYS
U.S. CURRENT ACCOUNT DEFICITS, LACK OF TRUST IN U.S. FINANCIAL INSTITUTIONS
AND TRIPLE A RATINGS (BONDS, ETC., WHICH EVERYONE KNOWS ARE NOT), BANKS’ NEED
FOR RECAPITALIZATION, LOW SAVINGS (IE., CONSUMERS USING IE., GIFT CARDS FOR
GROCERIES, ETC.), FED LOSING CREDIBILITY BY FLIP-FLOPS/WRONG MOVES, AND SEES
ONLY SHORT-COVERING RALLIES AT BEST. VENEZUELA SHIFT TO PAYMENT IN EUROS FOR
OIL OUT OF DOLLARS. YET ANOTHER ECONOMIST SAYS WITH MONEY SUPPLY INCREASING
AT EXORBITANT 27% PER ANNUM, CITING ECONOMIST FRIEDMAN SAYS
HYPER-INFLATIONARY (CONTRARY TO LAND OF FRUITS AND NUTS ECONOMISTS WHO THIS
DAY SEE LAND OF FRUITS AND NUTS REAL ESTATE DOWN 17.6%, SALES DOWN 40-45%,
AND MEDIAN HOME PRICES DOWN $100,000, AND BUDGET DEFICITS ACROSS THE BOARD).
3-12-08 VERY MODEST DROP IN STOCKS RELATIVE TO REALITY, DOLLAR DOWN SHARPLY
ON PANICKY FED KNEE JERK FUNNY MONEY ACTION, ONE ANALYST/BROKER WHO SELLS
STOCKS FOR A LIVING SAYS HE’S TRYING TO KEEP CLIENTS IN STOCKS BECAUSE AT
SOME POINT THEY’LL GO UP…..RIIIIIGHT…..REFERENCES THAT THIS IS WORST R.E.
DOWNTURN IN 100 YEARS AND NO BOTTOM YET IN R.E. AND WSJ SAYS WORSE TO COME IN
BAD PAPER (WRITEDOWNS, ETC.), AN OIL ANALYST SAYS RECORD HIGH OIL PRICES ARE
HEDGE AGAINST FALLING DOLLAR WITH A LOT OF DOLLARS RELATIVE TO GOODS (AS IE.,
OIL, OTHER COMMODITIES, ETC.-HYPERINFLATION) AND IF YOU HOLD DOLLARS/DOLLAR
DENOMINATED ASSETS/SECURITIES YOU LOSE VALUE AND SEES $4.00 GAS NATIONWIDE
WITH RECORD DIESEL, WHILE ANOTHER ANALYST SAYS THAT SEEING FED GO FROM LENDER
OF LAST RESORT TO LENDER (PRINTER) OF FIRST RESORT IS WORRISOME/TROUBLESOME.
3-11-08 SUCKERS’ BEAR MARKET IRRATIONALLY EXUBERANT NEW EPHEMERAL BUBBLE
RALLY ON FED FEAR AND TREMBLING PANIC MOVE TO ADD $200 BILLION IN WORLDWIDE
LIQUIDITY BY TEMPORARILY REPLACING (28 DAYS) ONE TYPE OF FUNNY-MONEY
(WORTHLESS SUBPRIME COLLATERALIZED DEBT) WITH ANOTHER LONGER TERM WORTHLESS
FUNNY-MONEY (U.S. DEBT WHICH CAN’T BE PAID BACK) WHICH IS A GREAT B.S.
TALKING POINT BUT JUST A DROP IN THE BUCKET CONSIDERING THE MAGNITUDE OF THE
UNDISCLOSED WRITEDOWNS/WORTHLESS PAPER BEING HELD(AND, CURING A BUBBLE WITH A
NEW BUBBLE-I DON'T THINK SO), ONE ANALYST POINTS TO THE HYPERINFLATIONARY
EFFECTS OF TOO MUCH LIQUIDITY CHASING TOO FEW GOODS AND MORE BAD NEWS TO COME
IN TECH SECTOR AND EARNINGS ALONG WITH MORE WRITEOFFS/WRITEDOWNS WITH WORSE
TO COME/NO BOTTOM YET AND HE REMAINS A BEAR, LAND OF FRUITS AND NUTS
ECONOMIST SAYS BAD BUT NOT TECHNICALLY RECESSION BASED ON GOVERNMENT
ELECTION-YEAR DATA (ONLY NUTS AND NUTS FROM THE LAND OF FRUITS AND NUTS
BELIEVE SAME) WHILE TWO OTHER ECONOMISTS SAY RECESSION WITH STRUCTURAL
PROBLEMS/HIGH INFLATION/LOWER DOLLAR AS FOREIGNERS/INVESTORS GET OUT OF
WORTHLESS DOLLAR WITH BIG TROUBLE FOR U.S. POST-ELECTION AS REALITY SETS IN,
TRADE GAP WIDENED, AND SMART MONEY WOULD SELL THIS RALLY/TAKE PROFITS.
3-10-08 MODEST DROP IN STOCKS RELATIVE TO REALITY, NEW BANK DOWNGRADES,
MORGAN SLASHES EARNINGS ESTIMATES FOR S&P AND SAYS ALREADY IN RECESSION,
EVEN MORE ECONOMISTS NOW SAY THE OBVIOUS/RECESSION, RUMOR THAT BEAR STERNS
WITH SUBSTANTIAL LIQUIDITY ISSUES IS GOING UNDER, DOLLAR DOWN, EARNINGS
ESTIMATES CUT ON CITIBANK AND BANKOFAMERICA, ONE ECONOMIST/ANALYST SAYS
(HYPERINFLATIONARY) HIGH ENERGY AND FOOD PRICES (CONVENIENTLY LEFT OUT OF THE
FED’S “TOUTED” CORE RATE) ARE SQUEEZING THE CONSUMER (AND HENCE,
CONSUMPTION/65% OF GDP) AND THAT COMMODITIES A BUBBLE AND MULTINATIONALS WITH
OVERSEAS EARNINGS/POSITVE CURRENCY TRANSLATION TO WEAKER DOLLAR PREFERRED, AN
OIL ANALYST SAYS $200 OIL POSSIBLE (REITERATING GOLDMAN) WITH CONTINUED
WEAKENING OF DOLLAR, ANOTHER ANALYST/JOURNALIST SAYS SELL DOLLAR DENOMINATED
STOCKS/SECURITIES/ASSETS WHICH HAVE MUCH FURTHER TO FALL AND REITERATES AS
DID BARRON’S THAT MORTGAGE INSURERS HAVE OVER $5 TRILLION IN DEBT/EXPOSURE
AND THAT MANY OF THE NATIONS BANKS ARE ALREADY INSOLVENT SO GET OUT OF THE
DOLLAR AND U.S. STOCKS. 3-7-08 BAD EMPLOYMENT/JOBS DATA ACROSS ALL SECTORS AS
63,000 JOBS LOST WITH DOWNWARD REVISIONS TO DECEMBER AND JANUARY (ACTUALLY
LOST 20,000) JOBS NUMBERS, ONE ANALYST SAYS WE’RE IN A RECESSION WHILE MORE
ECONOMISTS SAY RECESSION WITH ONE STATING THAT YOU ALMOST NEVER SEE
BACK-TO-BACK MONTHLY DECLINE IN EMPLOYMENT WITHOUT RECESSION AS NOW, DOLLAR
AT NEW RECORD LOWS, CONSUMERS INCREASED BORROWING TO STAY AFLOAT, WASHINGTON
MUTUAL FURTHER DOWNGRADES, SUPPORT LEVELS BROKEN TO THE DOWNSIDE, SENTIMENT-
85% BELIEVE THINGS WILL GET WORSE. 3-6-08 MODEST DROP IN STOCKS RELATIVE TO
REALITY TO KEEP THE SUCKERS SUCKERED AND THE COMPUTERIZED COMMISSION TRADE
DOLLARS FLOWING. 23% INCREASE IN FORECLOSURES IN FOURTH QUARTER NEW RECORD
HIGH, DOLLAR AT NEW RECORD LOWS, 10% OF HOMES WITH 0 OR NEGATIVE EQUITY,
MORTGAGE BANKERS ASSOCIATION SAYS HOME FORECLOSURES AT ALL-TIME HIGH AND
GOING HIGHER, ONE R.E. ANALYST SAYS ROUGH YEAR AHEAD WITH FORECLOSURES AND
DEFAULTS UP, ONE ANALYST SAYS MARKET WILL TEST NEW LOWS/SUPPORT LEVELS WITH
FLIGHT TO “QUALITY”/TREASURIES, LENDER THORNBURG DEFAULTS AND ALONG WITH
WASHINGTON MUTUAL IS DOWNGRADED, CONTINUING CLAIMS FOR UNEMPLOYMENT AT HIGH
LEVELS MEANS COMPANIES SHRINKING, IGNORE KNEE-JERK ELECTION YEAR GOVERNMENT
HUNKY DORY FAKE REPORTS. 3-5-08 OIL INVENTORIES LESS THAN EXPECTED, FED BEIGE
BOOK CITES ECONOMIC WEAKNESS PARTICULARLY SINCE BEGINNING OF THE YEAR, LABOR
COSTS ROSE, RISING PRICE PRESSURES/STAGFLATION, RECESSION/BEAR MARKET, ONE
ANALYST SAYS TOUGH FIRST HALF RECOMMENDS MULTINATIONALS WITH 50% OVERSEAS
EARNINGS (FAVORABLE CURRENCY TRANSLATION) AND CONSUMER STAPLES/HEALTH
RELATED/DEFENSIVE STOCKS, AMBAC TO FLOAT STOCK TO SHORE UP BALANCE SHEET TO
TUNE OF $1.5 BILLION/DILUTION AND SHARES FALL $2 TO $8.70, OIL ANALYST CITES
DECLINE IN OIL INVENTORIES/DIESEL/JET FUEL AND WEAK DOLLAR AND TOP $108-$110
BUT $120-$130 IF VENEZUELA/COLUMBIA CONFLICT AND MORE RECORD HIGH GAS PRICES
TO COME, ANOTHER ECONOMIST/ANALYST SAYS CONTINUED DECLINE IN REAL
ESTATE/HOUSING WITH STARTS DOWN 15-20-40% ON WELL DESERVED PESSIMISM/CREDIT
CRUNCH. 3-4-08 SUCKERS’ BEAR MARKET RALLY INTO THE CLOSE BASED ON B**L S**T
ALONE, VIZ., RUMOR/SPECULATION ABOUT YET ANOTHER BAILOUT FOR WALL
STREET/AMBAC/BOND INSURERS AND OVER 200 POINT SWING TO THE UPSIDE BASED ON
NOTHING WHATSOEVER, ONE ECONOMIST/ANALYST NOTES THIS IS THE DEEPEST HOUSING
DECLINE SINCE GREAT DEPRESSION, BERNANKE SAYS ANOTHER SPIKE IN FORECLOSURES
AHEAD AND PROPOSES REDUCTION OF PRINCIPAL AMOUNTS IN EXISTING LOANS (SOUNDS
LIKE A PLAN…..RIIIIIGHT!), KEN SHREVE FINANCE EDITOR INVESTORS BUSINESS DAILY
SAYS BEAR MARKET 6-9 MONTHS/ DON’T TRY TO CATCH A FALLING KNIFE AS
INSTITUTIONS STILL SELLING/KEEP MONEY SAFE IN 3% MONEY MARKET FOR TIME BEING,
ONE OIL ANALYST SAYS OIL HIGHER BEFORE LOWER AS EXPECTED RATE CUT WILL
FURTHER WEAKEN DOLLAR AND DRIVE UP OIL/COMMODITIES PRICES AND PROBLEMS IN
CONSUMER DEBT IN ADDITION TO MORTGAGES AND NOBODY WANTS TO HOLD DOLLARS,
3-3-08 SUCKERS’ BEAR MARKET RALLY INTO THE CLOSE, YES WE ARE IN A RECESSION
FROM SOMEONE WHO UNLIKE THE FRAUDS ON WALL STREET HAS READ SECURITY ANALYSIS
BY GRAHAM, DODD, AND COTTLE AND UNDERSTANDS IT (WARREN BUFFET), ALL NEWS
NEGATIVE, IE., ISM MANUFACTURING INDEX DOWN TO 48.3 (CONTRACTION), CAR SALES
DOWN AT GM (-12%) AND FORD (-7%), CONSTRUCTION SPENDING DOWN MOST IN 14
YEARS, OIL ANALYSTS POINT TO THE NEW HIGHS WHILE ECONOMIST/ANALYST SAYS
DOLLAR HAS FALLEN THROUGH ALL SUPPORT LEVELS MEANING MORE BOTTOMS TO COME,
INFLATION OUTPACING CONSUMER SPENDING (EVEN WITH SPENDING NUMBER HIGHER THAN
EXPECTED WHICH PROBABLY MEANS REALITY WAS NEGATIVE), CONSUMER
CONFIDENCE/SENTIMENT DOWN SHARPLY, CHICAGO MANUFACTURING INDEX DOWN
INDICATING CONTRACTION, $5.29 BILLION LOSS FOR AIG ON WRITEOFFS, INTRA DAY
HIGH FOR OIL OVER $103, INFLATION/WEAK DOLLAR/ECONOMIC WEAKNESS=STAGFLATION,
FOURTH MONTHLY DECLINE IN A ROW FOR STOCK MARKET, ONE ECONOMIST/ANALYST IF
NOT THEN ALMOST IN RECESSION WITH WORSE INFLATION NEWS AND INFLATION ADJUSTED
INCOME/SPENDING FLAT, ANOTHER ECONOMIST/ANALYST SAYS RECESSION AND CITES
NEGATIVE SAVINGS RATE AND FURTHER ECONOMIC WEAKNESS, ANALYST SAYS CONTINUED
ECONOMIC WEAKNESS WITH FURTHER DOLLAR DECLINE SO BULLISH ON METALS AND
BEARISH ON STOCKS, AND YET ANOTHER ECONOMIST/ANALYST SAYS INFLATION/RECESSION
BUT NOT DEPRESSION…..RIIIIIGHT, GDP GROWTH REPORTED MUCH LESS THAN EXPECTED
(BUT CLOSER TO REALITY) AT MINISCULE .6%, UNEMPLOYMENT CLAIMS JUMP 19,000 TO
373,000 AT HIGHEST LEVEL SINCE POST KATRINA, BERNANKE SAYS CONSUMER WORSE OFF
THAN JUST AFTER 911(?) AND THAT SOME BANKS COULD (WILL) FAIL AND THAT
STAGFLATION WILL NOT BE AS BAD AS THE 70’S, FANNIE MAE AND FREDDIE MAC SHOW
MASSIVE LOSSES, ONE ANALYST 50 YEARS IN THE BUSINESS SEES RECESSION AND SAYS
FINANCIALS HAVE BECOME IMPENETRABLE IN TERMS OF ANALYSIS/LOSSES, ANOTHER
ECONOMIST/ANALYST SAYS WE’RE NOWHERE NEAR IMPROVEMENT IN R.E./HOUSING MARKET,
YET ANOTHER ECONOMIST/ANALYST SAYS RECESSION WITH HIGHER INFLATION LOWER
GROWTH (STAGFLATION) AND THAT FED FORECASTS HAVE BEEN WRONG AND ONLY
RECESSION TO BRING DOWN INFLATION, NEW RECORD LOW FOR DOLLAR AGAINST EURO AND
SWISS FRANC (AND EVEN WORTH LESS THAN THE LOWLY CANADIAN LOONEY, ETC.) WHICH
ALONG WITH DEFICIT SPENDING IS HYPERINFLATIONARY AS OIL SEES NEW INTRADAY
HIGH OF $102.64, SALES/ORDERS OF DURABLE GOODS DOWN MORE THAN EXPECTED 5.3%,
BERNANKE’S NEGATIVE COMMENTS ON GREENSPAN RECESSION PROMISES RATE CUTS FOR
NEW BUBBLE WHICH RALLIES STOCKS, ONE ANALYST SAYS BANKS AS THEIR OWN INSURERS
INCREASES RISK, ANOTHER ANALYST SAYS CONTINUED DEFICIT SPENDING INCREASES
INFLATIONARY PROBLEMS/RISK, FORECLOSURES/BANK REPO’S UP 90% YEAR OVER YEAR,
REGULATORS PREDICT OVER 100 BANK FAILURES, FORECLOSURES UP 57% IN JANUARY,
WHOLESALE INFLATION UP MUCH HIGHER THAN EXPECTED 7.5% (CORE RATE 4+%), 9%
DROP IN HOME VALUES/PRICES, CONSUMER CONFIDENCE DOWN TO 17 YEAR LOW, ELECTION
YEAR/PROTECT INCOMPETENT INCUMBENT GOV’T PRINTING WORTHLESS DOLLARS LIKE MAD
WITH EXCESS LIQUIDITY CHASING TOO FEW GOODS (IE., FOOD UP 6%, ETC.) WHICH IS
HYPER-INFLATIONARY, ECONOMIST/ANALYST DR. KELLNER SAYS EASIER MONEY/FISCAL
PACKAGE WON’T REFLATE HOUSING MARKET (RECESSION), ANOTHER ANALYST SAYS IN
BEAR MARKET/RECESSION RECOMMENDS DEFENSIVE/PREFERRED STOCKS/BONDS/CASH, DR.
SHILLER- CASE-SHILLER INDEX- HOME VALUES CONTINUED DECLINE AND IN OR ABOUT TO
ENTER RECESSION (THAT’S ALREADY HERE), Stiglitz Blames Greenspan For
Recession, IBM ON $15 BILLION BUYBACK AND JAWBONING AND SIGNIFICANT OVERSEAS
SALES (AND POSITIVE CURRENCY TRANSLATION TO THE WORTHLESS DOLLAR) RALLIES
MARKET (WHAT BULL S**T), SHARPLY LOWER AND MORE WORTHLESS DOLLAR/HIGH OIL
PRICE RALLY CREATES YET ANOTHER B.S. SWING OF OVER 200 POINTS TO THE UPSIDE,
FOOD PRICES UP 6% ON ETHANOL CROWD-OUT, HOME SALES DOWN 5.5% / MEDIAN SALES
PRICE DOWN 4.6%, ONE R.E. EXPERT SAYS WITH SALES FALLING AND FORECLOSURES
RISING WORSE YET TO COME, LEADING ECONOMIC INDICATORS FELL FOR FOURTH MONTH
IN A ROW (-.1%), PHILADELPHIA FED MANUFACTURING INDEX UNEXPECTEDLY AND
SIGNIFICANTLY LOWER (THE PHILADELPHIA MANUFACTURING INDEX FELL TO A -24,
INDICATING A SHARP CONTRACTION IN THE REGION'S MANUFACTURING ACTIVITY. ECONOMISTS
HAD ANTICIPATED A READING OF -10, A LESS PRONOUNCED CONTRACTION. LAST MONTH
THE READING CAME IN AT -20.9.), ONE ECONOMIST/ANALYST SAYS SIGNIFICANT
INFLATION AND UNEMPLOYMENT-STAGFLATION-AHEAD ALONG WITH CONTINUED DEFLATION
OF HOUSING BUBBLE WITH NATIONWIDE AVERAGE PRICE DECLINE OF 8-10% AND ANOTHER
DECLINE OF 15-20% TO COME. SUCKERS’ BEAR MARKET/SHORT-COVERING RALLY TO KEEP
THE SUCKERS SUCKERED AND THE COMPUTERIZED COMMISSION TRADE DOLLARS FLOWING.
(DOW +262, NASDAQ +48, S&P +31) [CLOSE- OIL $101.84 / GOLD $920 / SILVER
$16.85 / PLATINUM $1,877.30 / DOLLAR AT 1.54 AGAINST EURO, 98 YEN, 1.98 POUND
STERLING, ETC. (HOW LOW CAN YOU GO - LOWER)]. 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). SMART MONEY WOULD SELL HERE (TAKE PROFITS). REALITY: THIS IS A
BEAR MARKET IN A SECULAR BEAR MARKET IN A RECESSIVE ECONOMY IN A SECULAR (AND
QUITE PERMANENT-THEY’VE MADE ALL THE WRONG CHOICES) ECONOMIC DOWNTREND IN THE
U.S. 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.). TIME TO PUT THE WALL STREET AMONG OTHER CORPORATE
FRAUDS IN JAIL AND REQUIRE FINES, PENALTIES AND DISGORGEMENT OF THEIR
ILL-GOTTEN GAINS. [PLEASE NOTE: I SELDOM NAME ANALYSTS/REPORTERS/JOURNALISTS
BEARING NOT SO GLAD TIDINGS FOR FEAR THEY’LL BE CRUCIFIED BY THE FRAUDS ON
WALL STREET].
http://www.albertpeia.com/wallstreetlunacy10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/currentopics10108.htm
Red Cross: Iraq's humanitarian situation most critical
Some families spend a third of their average monthly wage of $150 just buying
clean water, the report said. Healthcare in Iraq was "now in worse shape
than ever" .Iraq-USA, Politics, 3/18/2008
2.7 million Iraqis displaced living difficult conditions
More than 75 percent had no access to government food rations and nearly 20
percent lacked supplies of clean water, she said adding that some 33 percent
could not get the medicine they needed while only 20 percent had had any help
from humanitarian agencies .Iraq-USA, Politics, 3/18/2008
Iraqi crisis fuels rise in asylum-seekers in industrialized world – UN report
"For the second year running, Iraqis topped the list of asylum-seekers
in the world's industrialized countries," according to the UN High
Commissioner for Refugees Iraq-UN, Politics, 3/18/2008
US on Iraqi political groups walk out
US Department Of State Deputy Spokesman Tom Casey was asked today about the
number of Iraqi political groups pulled out of the talks that were being held
today, more than a year after President George W. Bush announced the surge as
a way to try to provide breathing space for the Iraqi political system to
achieve reconciliation. Iraq-USA, Politics, 3/18/2008
Five journalists given three-month prison sentences over critical articles
the two newspapers carried a news item about this citizen's filing of a
motion with the Higher Judicial Council against the judges of the Higher
Court of Justice, who had upheld a decision by the Civil Status and Passport
Department depriving the plaintiff of his citizenship. The two newspapers
were sued, as were their chief editors, as the newspapers' representatives:
Usama Sharif of "Ad-Dustour" and Taher Al Udwan of "Al Arab Al
Yawm."Jordan, Politics, 3/18/2008
Journalist Hasan Abdel Jawad arrested; intimidation of press in West Bank
The International Federation of Journalists is calling for the release of
journalists being held in Israeli prisons for their critical reporting. The
arrest last week in Bethlehem of journalist Hasan Abdel Jawad, who is also a
Palestinian Journalists' Syndicate (PJS) board member, brings to 8 the number
of journalists detained by Israeli authorities. Palestine-Israel, Politics,
3/18/2008
Democrats Focus on How to End Iraq War
No Regrets on Iraq War: says Unconflicted Psychopathic War criminal and Moron
bush
Top U.S. Officer in Mideast Resigns - WashingtonPost.com
Iraq-USA, Politics, 3/18/2008
Petraeus: Iraqi Leaders Not Making 'Sufficient Progress' - WashingtonPost.com
Iraq-USA, Politics, 3/18/2008
Iraq Attacks Lower, but Steady, New Figures Show - NY Times
Iraq-USA, Politics, 3/18/2008
Iraqi feel-good stories prove elusive - LA Times
Iraq, Politics, 3/18/2008
Olmert vows to continue east Jerusalem settlements - Yahoo! News
Palestine-Israel, Politics, 3/18/2008
Poll shows Palestinians now favor Hamas over Fatah - LA Times
Palestine-Israel, Politics, 3/18/2008
Palestinians Unite in Anger Against Israeli Attack - NY Times
Palestine-Israel, Politics, 3/18/2008
http://www.albertpeia.com
http://www.albertpeia.com/currentopics10108.htm
http://www.albertpeia.com/wallstreetlunacy10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/currentopics10108.htm
http://www.albertpeia.com/wallstreetlunacy10108.htm
WHO’S BUYING THIS CRAP? WHY AREN’T BUSH/CHENEY AND CO. IMPEACHED AND ON TRIAL
FOR WAR CRIMES IN THE HAGUE?
How to Destroy a Country and Get Off Scot-Free Linda Heard,
[email protected]
Someone once told me if you're going to tell a lie make it a whopper based on
the premise the more outrageous the lie the more likely it is to be believed.
At the time, I wrote off his advice as hogwash but as we see from the Iraq
debacle, he was right. Five years later, the deceit continues undiminished
and nobody has been held to account. Britain's Gordon Brown yesterday
promised to hold an enquiry into the "mistakes" made in Iraq.
Sounds good, but don't hold your breath. All previous inquiries have been
labeled "whitewashes". They can't afford the truth to come out else
they might get a one-way ticket to The Hague.Ambassador David Satterfield,
and adviser to Secretary of State Condoleezza Rice, is doing the rounds of
talk shows lauding America's victories over Al-Qaeda in Iraq. On one occasion
the host interjected to mention the unpalatable fact that Al-Qaeda members
only flocked to Iraq once the Americans were in place leaving Satterfield
momentarily nonplussed.It's obvious that Satterfield is so saturated in the
party line he forgot the Pentagon's recently published study that found with
certainty that Saddam Hussein had absolutely no links to Al-Qaeda. And lest
we forget Saddam didn't have WMD either, which means not only was the war
immoral the prewar sanctions on that country that contributed to the deaths
of over half-a-million Iraqi children were too. Think about it for a moment.
The warmongers invaded, crushed and occupied a country that was no threat to
anyone. They stood by as it was looted, exacerbated sectarianism, flattened
entire towns, tortured untold numbers of innocents, brought in gum-chewing,
tattooed foreign mercenaries and paid crony companies billions of dollars for
mythical reconstruction projects.They then pretended to hand over sovereignty
to that country while at the same time constructing permanent bases and the
biggest US Embassy in history resembling a small town. They said they had no
interest in Iraq's oil, yet they are putting immense pressure on the Iraqi
government (sic) to sign into law a bill that permits foreign (read American)
oil companies to lock up decades-long deals. Let's be frank. Iraq wasn't a
blunder, it was a crime. So how did they manage to get away with implanting
their long-conceived plot to do away with Israel's No. 1 foe, ensure their
competitors couldn't get their hands on Iraq's resources and entrench their
military might in the region? Future historians will no doubt be scratching
their heads over this one. You had to live through it to believe it.
First, they cleverly used the politics of fear to sway public opinion. As
noted in the Project for the New American Century's document "Rebuilding
America's Defenses", the warmonger signatories - who later became senior
members of the Bush administration - needed "a new Pearl Harbor".
On Sept. 1l 2001 they got it. Americans and their allies were in shock.
Almost every country in the world was sympathetic and willing to do anything
to help. And, boy, did they capitalize on that empathy even managing to
persuade Russia to stay silent as they made deals with Caspian states to
allow US bases.
Step one was a country where a giant bogeyman was supposed to be hiding out
in a cave presumably equipped with a dialysis machine and a production studio
and whose black-turbaned government forced women to wear a burqa and
disallowed nail polish. But then Defense Minister Donald Rumsfeld was
disappointed because there weren't enough targets for his bombs. It was no
fun bombing a country into the Stone Age when it was already there.
Step two was the insidious demonizing of Muslims, thousands of whom were
arrested and held for months without charge or access to lawyers. In that
climate of fear, it was relatively simple to persuade the American people
that Saddam Hussein was conniving with the people who brought down the World
Trade Center. US officials warned of mushroom clouds; Prime Minister Tony
Blair said British interests could be attacked within 45 minutes of Saddam
giving the order. Then Secretary of State Colin Powell allowed himself to be
used as their fall guy. He spouted the most unbelievable scripted codswallop
the UN had ever heard...yet, bullied and bribed nation after nation pretended
to believe him as IAEA chief Mohammed El-Baradei and UN weapons inspector
Hans Blix did little to discredit the hoax.
Step three entailed replacing Osama in people's minds with Saddam, who
overnight morphed into a hydra-headed monster whose idea of a pleasant
weekend was gassing and torturing his own people.
Step four was 'Shock and Awe' which illuminated the Baghdad skyline on March
19, 2003. As their bombs and missiles rained down on crowded market places
scattering limbs, they told us those bombs and missiles were Saddam's even
though the Independent's Middle East correspondent inconveniently dug up
their Made in the USA shards.
As the months went on, we began to wonder what happened to the WMD. They told
us it was only a matter of time before it would be unearthed from under the
sands or discovered in a tunnel under one of Saddam's palaces. They even
suggested it may have been shipped off to a neighboring country for
safekeeping!!
Step five was an orchestrated administration campaign to inject us with mass
amnesia. Never mind about the weapons, they said. We are here to liberate the
poor Iraqi people from their evil dictator and deliver freedom and democracy.
Look, look, they said. The Iraqis have purple fingers! With up to one million
dead, Iraqis are lucky they have any fingers at all.
To be fair, they couldn't have done it without the aid of a compliant, supine
media, which embedded its reporters with US battalions and agreed not to show
captured US soldiers, flag-draped coffins, military funerals or scenes of
blood-soaked Iraqi civilians. Independent reporters who neglected to abide by
the script were discredited, refused access to information and even shelled.
I still recall a live report from David Chater of Sky News, who saw the
barrel of a US tank slowly turn toward the Palestine hotel - known to be a
journalist's hang-out - before firing its shell killing three reporters. The
Baghdad offices of Al-Jazeera and Al-Arabiya were also hit.
With so much information on tap I'm flabbergasted that so many people still
believe the Iraq fairytale. I wish they'd get in touch with me. I've got a
few pyramids and a sphinx going cheap. Sad, isn't it!
http://www.albertpeia.com
http://www.albertpeia.com/currentopics10108.htm
http://www.albertpeia.com/wallstreetlunacy10108.htm
How to Destroy a Country and Get Off Scot-Free Linda Heard,
[email protected]
Someone once told me if you're going to tell a lie make it a whopper based on
the premise the more outrageous the lie the more likely it is to be believed.
At the time, I wrote off his advice as hogwash but as we see from the Iraq
debacle, he was right. Five years later, the deceit continues undiminished
and nobody has been held to account. Britain's Gordon Brown yesterday
promised to hold an enquiry into the "mistakes" made in Iraq.
Sounds good, but don't hold your breath. All previous inquiries have been
labeled "whitewashes". They can't afford the truth to come out else
they might get a one-way ticket to The Hague.Ambassador David Satterfield,
and adviser to Secretary of State Condoleezza Rice, is doing the rounds of
talk shows lauding America's victories over Al-Qaeda in Iraq. On one occasion
the host interjected to mention the unpalatable fact that Al-Qaeda members
only flocked to Iraq once the Americans were in place leaving Satterfield
momentarily nonplussed.It's obvious that Satterfield is so saturated in the
party line he forgot the Pentagon's recently published study that found with
certainty that Saddam Hussein had absolutely no links to Al-Qaeda. And lest
we forget Saddam didn't have WMD either, which means not only was the war
immoral the prewar sanctions on that country that contributed to the deaths
of over half-a-million Iraqi children were too. Think about it for a moment.
The warmongers invaded, crushed and occupied a country that was no threat to
anyone. They stood by as it was looted, exacerbated sectarianism, flattened
entire towns, tortured untold numbers of innocents, brought in gum-chewing,
tattooed foreign mercenaries and paid crony companies billions of dollars for
mythical reconstruction projects.They then pretended to hand over sovereignty
to that country while at the same time constructing permanent bases and the
biggest US Embassy in history resembling a small town. They said they had no
interest in Iraq's oil, yet they are putting immense pressure on the Iraqi
government (sic) to sign into law a bill that permits foreign (read American)
oil companies to lock up decades-long deals. Let's be frank. Iraq wasn't a
blunder, it was a crime. So how did they manage to get away with implanting
their long-conceived plot to do away with Israel's No. 1 foe, ensure their
competitors couldn't get their hands on Iraq's resources and entrench their
military might in the region? Future historians will no doubt be scratching
their heads over this one. You had to live through it to believe it.
First, they cleverly used the politics of fear to sway public opinion. As
noted in the Project for the New American Century's document "Rebuilding
America's Defenses", the warmonger signatories - who later became senior
members of the Bush administration - needed "a new Pearl Harbor".
On Sept. 1l 2001 they got it. Americans and their allies were in shock.
Almost every country in the world was sympathetic and willing to do anything
to help. And, boy, did they capitalize on that empathy even managing to
persuade Russia to stay silent as they made deals with Caspian states to
allow US bases.
Step one was a country where a giant bogeyman was supposed to be hiding out
in a cave presumably equipped with a dialysis machine and a production studio
and whose black-turbaned government forced women to wear a burqa and
disallowed nail polish. But then Defense Minister Donald Rumsfeld was
disappointed because there weren't enough targets for his bombs. It was no
fun bombing a country into the Stone Age when it was already there.
Step two was the insidious demonizing of Muslims, thousands of whom were
arrested and held for months without charge or access to lawyers. In that
climate of fear, it was relatively simple to persuade the American people that
Saddam Hussein was conniving with the people who brought down the World Trade
Center. US officials warned of mushroom clouds; Prime Minister Tony Blair
said British interests could be attacked within 45 minutes of Saddam giving
the order. Then Secretary of State Colin Powell allowed himself to be used as
their fall guy. He spouted the most unbelievable scripted codswallop the UN
had ever heard...yet, bullied and bribed nation after nation pretended to
believe him as IAEA chief Mohammed El-Baradei and UN weapons inspector Hans
Blix did little to discredit the hoax.
Step three entailed replacing Osama in people's minds with Saddam, who
overnight morphed into a hydra-headed monster whose idea of a pleasant
weekend was gassing and torturing his own people.
Step four was 'Shock and Awe' which illuminated the Baghdad skyline on March
19, 2003. As their bombs and missiles rained down on crowded market places
scattering limbs, they told us those bombs and missiles were Saddam's even
though the Independent's Middle East correspondent inconveniently dug up
their Made in the USA shards.
As the months went on, we began to wonder what happened to the WMD. They told
us it was only a matter of time before it would be unearthed from under the
sands or discovered in a tunnel under one of Saddam's palaces. They even
suggested it may have been shipped off to a neighboring country for
safekeeping!!
Step five was an orchestrated administration campaign to inject us with mass
amnesia. Never mind about the weapons, they said. We are here to liberate the
poor Iraqi people from their evil dictator and deliver freedom and democracy.
Look, look, they said. The Iraqis have purple fingers! With up to one million
dead, Iraqis are lucky they have any fingers at all.
To be fair, they couldn't have done it without the aid of a compliant, supine
media, which embedded its reporters with US battalions and agreed not to show
captured US soldiers, flag-draped coffins, military funerals or scenes of
blood-soaked Iraqi civilians. Independent reporters who neglected to abide by
the script were discredited, refused access to information and even shelled.
I still recall a live report from David Chater of Sky News, who saw the
barrel of a US tank slowly turn toward the Palestine hotel - known to be a
journalist's hang-out - before firing its shell killing three reporters. The
Baghdad offices of Al-Jazeera and Al-Arabiya were also hit.
With so much information on tap I'm flabbergasted that so many people still
believe the Iraq fairytale. I wish they'd get in touch with me. I've got a
few pyramids and a sphinx going cheap. Sad, isn't it!
http://www.albertpeia.com
http://www.albertpeia.com/currentopics10108.htm
http://www.albertpeia.com/wallstreetlunacy10108.htm
Red Cross: Iraq's humanitarian situation most critical
Some families spend a third of their average monthly wage of $150 just buying
clean water, the report said. Healthcare in Iraq was "now in worse shape
than ever" .Iraq-USA, Politics, 3/18/2008
2.7 million Iraqis displaced living difficult conditions
More than 75 percent had no access to government food rations and nearly 20
percent lacked supplies of clean water, she said adding that some 33 percent
could not get the medicine they needed while only 20 percent had had any help
from humanitarian agencies .Iraq-USA, Politics, 3/18/2008
Iraqi crisis fuels rise in asylum-seekers in industrialized world – UN report
"For the second year running, Iraqis topped the list of asylum-seekers
in the world's industrialized countries," according to the UN High
Commissioner for Refugees Iraq-UN, Politics, 3/18/2008
US on Iraqi political groups walk out
US Department Of State Deputy Spokesman Tom Casey was asked today about the
number of Iraqi political groups pulled out of the talks that were being held
today, more than a year after President George W. Bush announced the surge as
a way to try to provide breathing space for the Iraqi political system to
achieve reconciliation. Iraq-USA, Politics, 3/18/2008
Five journalists given three-month prison sentences over critical articles
the two newspapers carried a news item about this citizen's filing of a
motion with the Higher Judicial Council against the judges of the Higher
Court of Justice, who had upheld a decision by the Civil Status and Passport
Department depriving the plaintiff of his citizenship. The two newspapers
were sued, as were their chief editors, as the newspapers' representatives:
Usama Sharif of "Ad-Dustour" and Taher Al Udwan of "Al Arab Al
Yawm."Jordan, Politics, 3/18/2008
Journalist Hasan Abdel Jawad arrested; intimidation of press in West Bank
The International Federation of Journalists is calling for the release of
journalists being held in Israeli prisons for their critical reporting. The
arrest last week in Bethlehem of journalist Hasan Abdel Jawad, who is also a
Palestinian Journalists' Syndicate (PJS) board member, brings to 8 the number
of journalists detained by Israeli authorities. Palestine-Israel, Politics,
3/18/2008
Democrats Focus on How to End Iraq War
No Regrets on Iraq War: says Unconflicted Psychopathic War criminal and Moron
bush
Top U.S. Officer in Mideast Resigns - WashingtonPost.com
Iraq-USA, Politics, 3/18/2008
Petraeus: Iraqi Leaders Not Making 'Sufficient Progress' - WashingtonPost.com
Iraq-USA, Politics, 3/18/2008
Iraq Attacks Lower, but Steady, New Figures Show - NY Times
Iraq-USA, Politics, 3/18/2008
Iraqi feel-good stories prove elusive - LA Times
Iraq, Politics, 3/18/2008
Olmert vows to continue east Jerusalem settlements - Yahoo! News
Palestine-Israel, Politics, 3/18/2008
Poll shows Palestinians now favor Hamas over Fatah - LA Times
Palestine-Israel, Politics, 3/18/2008
Palestinians Unite in Anger Against Israeli Attack - NY Times
Palestine-Israel, Politics, 3/18/2008
http://www.albertpeia.com
http://www.albertpeia.com/currentopics10108.htm
http://www.albertpeia.com/wallstreetlunacy10108.htm
SELL INTO STRENGTH /TAKE PROFITS/ SELL DOLLAR DENOMINATED SECURITIES
(3-19-08) (DOW -293, NASDAQ -58, S&P -32) [CLOSE- OIL $104.48(-$4.94) /
GOLD $942.60 (-$61.60)/ SILVER $18.56/ PLATINUM $1,892/ DOLLAR AT 1.57
AGAINST EURO, 99 YEN, BELOW 1 SWISS FRANC, ETC. (How low can you go)]. MODEST
DROP IN STOCKS RELATIVE TO REALITY. 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). morgan
stanley earnings down 40% but better than expected…..riiiiight…..on
computerized bond/stock trading commissions. merrill lynch says more loan
losses. one analyst says not much optimism regarding fed moves, deepening
fears about economy, wall street stuck with a lot of stuff (ie., junk bonds,
junk securities, junk derivatives, subprime mortgages, etc.) which can’t be
sold except at firesale prices, avoid equities particularly small/midcaps,
raise cash (taking profits/selling), looking for confirmation, entered
recession in february but with inflation a very tough scenario. an oil
analyst says commodity bubble bursting with profit-taking/path of least
resistance but still record diesel at $4.21, record home heating oil $3.80 so
wait and see. another analyst says emerging markets attractive relative to
developed citing p/e multiple comparison but no save haven and points to
further weakness in dollar relative to other currencies. metals analyst says
rate cut less than expected and etfs (and computerized trading thereof) has
propped demand. 3-18-08 Suckers’ bear market irrationally exuberant bubble
rally on fed fear and trembling panic move TO KEEP THE SUCKERS SUCKERED AND
THE COMPUTERIZED COMMISSION TRADE DOLLARS FLOWING. 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). WHOLESALE/PRODUCER PRICES UP MORE THAN EXPECTED .3% WITH CORE
RATE UP .5%. HOUSING STARTS DOWN 36% TO LOWEST LEVEL IN 17 YEARS. SHARPLY
(MORE THAN 50%) LOWER EARNINGS AT GOLDMAN AND LEHMAN RALLIES THEIR STOCKS WITH
FAMILIAR MANTRA ‘NOT AS BAD AS EXPECTED’…..RIIIIIGHT! DOLLAR DOWN AGAINST
MOST CURRENCIES ON .75% PANIC CUT IN FED FUNDS RATE TO 2.25%. ONE ANALYST
POINTS TO STRENGTH BY SECTOR, VIZ., FINANCIALS +8% (FOCUS OF THE BAILOUT),
SMALL CAPS +5%, EMERGING MARKETS +5%, AND SAYS DOLLAR WILL BE BOTTOMING. AN
OIL ANALYST SAYS OIL TO GO HIGHER WITH INFLUX OF SPECULATIVE NEW MONEY FROM
RATE CUT. FORMER FED GOVERNOR GRAMLEY SAY WE’RE IN SERIOUS ECONOMIC CRISIS,
IN RECESSION WITH ECONOMIC WEAKNESS SUFFICIENT TO MUTE DEMAND/SHARPER PRICE
INCREASES, AND COMPARES ECONOMY TO CANCER PATIENT UNDERGOING NECESSARY
CHEMOTHERAPY…..RIIIIIGHT….., FED HAS USED EMERGENCY POWERS NOT USED SINCE THE
GREAT DEPRESSION BUT CAN’T RELY SOLELY ON THE FED. ANOTHER ANALYST TALKS IN
TERMS OF TRADING ON A DAY-TO-DAY BASIS (FACT-THERE ARE HISTORICALLY VERY FEW
SUCCESSFUL TRADERS), BELIEVES FED WENT TOO FAR WITH RATE CUT AND SEES
SIGNIFICANT PROBLEM WITH INFLATION, THUMBS UP FOR METALS/OIL AND LARGE CAP
TECH WITH OVERSEAS EARNINGS, BUT FURTHER CAUTIONS OWING TO NEGATIVE REAL
INTEREST RATES (RATES LESS THAN INFLATION, RISK, ECONOMIC FACTORS/PREMIUMS).
FINALLY, THINGS ARE SO HUNKY DORY THAT AS REPORTED BY CONTINENTAL COIN AND
JEWELRY PEOPLE ARE PULLING THEIR TEETH, EXTRACTING AND SELLING THE GOLD.
LOVELY!
http://www.albertpeia.com/wallstreetlunacy10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/currentopics10108.htm
http://www.albertpeia.com/wallstreetlunacy10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/currentopics10108.htm
http://www.albertpeia.com/wallstreetlunacy10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/currentopics10108.htm
Gold drops 5 pct as US rate cut decision triggers correction
Dollar Falls on Speculation Fed's Rate Cuts Won't Stem Losses
Three Gulf states cut rates to defend dollar peg
Numerous Countries Have Recently Dropped The Dollar as Their Reserve Currency
Dollar Falls on Speculation Housing Slump to Swell Bank Losses
Dollar sheds post Fed gains
Weak dollar worries Beijing
Rumors Of Gold's Demise Greatly Exaggerated
Jim Rogers: the Fed is Throwing Dollar Out the Window “This man Bernanke was
never elected by anybody. I don’t know where he gets the audacity to spend
$230 billion dollars to bail out a few friends on Wall Street. This is
totally outrageous.”
Rogers: Fed Has “Given Up” On The Dollar Paul Joseph Watson | Investor slams
Bernanke for destroying greenback to bail out friends on Wall Street.
The Fed is just an Extension of the Banking Establishment The Bear bailout
was engineered to serve the needs of the banking establishment; nothing more.
The Federal Reserve and the US Treasury are merely an extension of the
financial industry. The Bear bailout proves it
Stock Guru Granville: We’re in a Crash Octogenarians Joseph Granville and
Robert Stovall predict the worst. “We’re in a crash,” said Granville. “This
is the worst I’ve seen, and I’ve studied every bit of history all my life”
Joseph Stiglitz calls financial crisis worst since 1930s Stiglitz said it was
ironic that former Federal Reserve head Alan Greenspan had said it was the
world’s worst economic problem in the last 50 years, adding, “He is the
source of much of the problem”
http://www.albertpeia.com/wallstreetlunacy10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/currentopics10108.htm
SELL INTO STRENGTH /TAKE PROFITS/ SELL DOLLAR DENOMINATED SECURITIES
(3-19-08) (DOW -293, NASDAQ -58, S&P -32) [CLOSE- OIL $104.48(-$4.94) /
GOLD $942.60 (-$61.60)/ SILVER $18.56/ PLATINUM $1,892/ DOLLAR AT 1.57
AGAINST EURO, 99 YEN, BELOW 1 SWISS FRANC, ETC. (How low can you go)]. MODEST
DROP IN STOCKS RELATIVE TO REALITY. 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). morgan
stanley earnings down 40% but better than expected…..riiiiight…..on
computerized bond/stock trading commissions. merrill lynch says more loan
losses. one analyst says not much optimism regarding fed moves, deepening
fears about economy, wall street stuck with a lot of stuff (ie., junk bonds,
junk securities, junk derivatives, subprime mortgages, etc.) which can’t be
sold except at firesale prices, avoid equities particularly small/midcaps,
raise cash (taking profits/selling), looking for confirmation, entered
recession in february but with inflation a very tough scenario. an oil
analyst says commodity bubble bursting with profit-taking/path of least
resistance but still record diesel at $4.21, record home heating oil $3.80 so
wait and see. another analyst says emerging markets attractive relative to
developed citing p/e multiple comparison but no save haven and points to
further weakness in dollar relative to other currencies. metals analyst says
rate cut less than expected and etfs (and computerized trading thereof) has
propped demand. 3-18-08 Suckers’ bear market irrationally exuberant bubble
rally on fed fear and trembling panic move TO KEEP THE SUCKERS SUCKERED AND
THE COMPUTERIZED COMMISSION TRADE DOLLARS FLOWING. 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). WHOLESALE/PRODUCER PRICES UP MORE THAN EXPECTED .3% WITH CORE
RATE UP .5%. HOUSING STARTS DOWN 36% TO LOWEST LEVEL IN 17 YEARS. SHARPLY
(MORE THAN 50%) LOWER EARNINGS AT GOLDMAN AND LEHMAN RALLIES THEIR STOCKS
WITH FAMILIAR MANTRA ‘NOT AS BAD AS EXPECTED’…..RIIIIIGHT! DOLLAR DOWN
AGAINST MOST CURRENCIES ON .75% PANIC CUT IN FED FUNDS RATE TO 2.25%. ONE
ANALYST POINTS TO STRENGTH BY SECTOR, VIZ., FINANCIALS +8% (FOCUS OF THE
BAILOUT), SMALL CAPS +5%, EMERGING MARKETS +5%, AND SAYS DOLLAR WILL BE
BOTTOMING. AN OIL ANALYST SAYS OIL TO GO HIGHER WITH INFLUX OF SPECULATIVE
NEW MONEY FROM RATE CUT. FORMER FED GOVERNOR GRAMLEY SAY WE’RE IN SERIOUS
ECONOMIC CRISIS, IN RECESSION WITH ECONOMIC WEAKNESS SUFFICIENT TO MUTE
DEMAND/SHARPER PRICE INCREASES, AND COMPARES ECONOMY TO CANCER PATIENT
UNDERGOING NECESSARY CHEMOTHERAPY…..RIIIIIGHT….., FED HAS USED EMERGENCY
POWERS NOT USED SINCE THE GREAT DEPRESSION BUT CAN’T RELY SOLELY ON THE FED.
ANOTHER ANALYST TALKS IN TERMS OF TRADING ON A DAY-TO-DAY BASIS (FACT-THERE ARE
HISTORICALLY VERY FEW SUCCESSFUL TRADERS), BELIEVES FED WENT TOO FAR WITH
RATE CUT AND SEES SIGNIFICANT PROBLEM WITH INFLATION, THUMBS UP FOR
METALS/OIL AND LARGE CAP TECH WITH OVERSEAS EARNINGS, BUT FURTHER CAUTIONS
OWING TO NEGATIVE REAL INTEREST RATES (RATES LESS THAN INFLATION, RISK,
ECONOMIC FACTORS/PREMIUMS). FINALLY, THINGS ARE SO HUNKY DORY THAT AS
REPORTED BY CONTINENTAL COIN AND JEWELRY PEOPLE ARE PULLING THEIR TEETH,
EXTRACTING AND SELLING THE GOLD. LOVELY! 3-17-08 LUNATIC/FRAUDS 200+ point computerized
BUY PROGRAM suckers’ bear market/short-covering rally to the upside based
upon nothing whatsoever that hasn’t already been discounted (ie., more rate
cuts by fed in panic mode, etc.). 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). INDUSTRIAL
PRODUCTION FELL A GREATER THAN EXPECTED ONE-HALF OF 1%. ONE ANALYST CITES NEW
LOWS FOR DOLLAR AND SUBSTANTIAL MOVE BY FED ALREADY DISCOUNTED (.75%).
ANOTHER ANALYST CITES WEAKER DOLLAR AND SLOWER ECONOMY IMPACTING DEMAND (IE.,
FOR GOODS, ETC., AND HENCE, COMMODITY PRICES, HENCE LOWER OIL PRICE THIS DAY),
CITES THIS DAYS SHORT-COVERING RALLY AND RECOMEMMENDS MULTINATIONALS WITH
OVERSEAS EARNINGS (POSITIVE CURRENCY TRANSLATION) AND OVERSEAS NON-DOLLAR
DENOMINATED SECURITIES (UTILITIES, ETC.). YET aNOTHER ECONOMIST/ANALYST CITES
BUSINESS MODELS COMPARABLE TO BEAR STEARNS IN FINANCIAL SECTOR(PROBLEMS WITH
HEDGE FUNDS/INVESTMENT BANKS) WHICH HAS PROVEN INABILITY TO MANAGE THEIR OWN
AFFAIRS SAYING DEREGULATION A DISASTER AND REREGULATION A CURE, NO END TO
FALL IN DOLLAR AS US BECOMES WORLD’S BEGGAR, AND RECOMMENDS NON-DOLLAR
DENOMINATED SECURITIES (IE., EURO, SWISS FRANC, ETC., AND EMERGING FAR EAST
MARKETS). aNOTHER MORE CALIFORNIA/SENILE, ANALYST/BROKER WHO LIKE OTHERS HAVE
LOST SUBSTANTIAL MONIES FOR CLIENTS CITES LACK OF OF TRANSPARENCY AS VALUE OF
HIS BUYS AND HOLDS CONTINUES TO FALL WITH DOLLAR BUT TALKS SOME SPECULATIVE
BUYS AND CASH. A FINANCIAL TIMES EDITOR SAYS NO BOTTOM YET, THAT BY
HISTORICAL STANDARDS THE SCENARIO IS QUITE BAD FOR THE US, THAT BEAR STEARNS
WAS NOT ALONE AMONG US FIRMS IN THEIR PROBLEMS, THAT THE MARKET IS EXPECTING
1% PANIC CUT BY FED, AND THAT THE US ECONOMY IS IN DEEP TROUBLE. 3-14-08
early surge based on false benign inflation report (showing no change in
retail inflation) from the government gives way to reality that they can’t cover
up/lie about (despite intra-day suckers rally) when there is a run on large
wall street investment bank bear stearns (first such since the great
depression) which cites liquidity crisis as ny fed and jp morgan intervene
with 28 day loan as bear is holding high risk (worthless) assets which are
illiquid (thinly traded/can’t be sold) as reserves (they are not alone in
this regard among the frauds on wallstreet, etc., and only 2 days ago bear
said balance sheet stable), all time lows for the dollar, wsj reports
majority of economists think we’re in recession, michigan (non-washington
non-fed gov’t report) sentiment index at new 16 year low. One ANALYST SAYS
DOLLAR WEAKNESS/LOWER YIELDS/ECONOMIC CONCERNS WILL CONTINUE DOWNWARD TREND,
INFLATION REPORT SURPRISE/FOOLISH AND HIGHER INFLATION NUMBER FOR MARCH,
CRESCENDO OF BAD NEWS IN COMING WEEK AND LOOK FOR NEW LOWS/BOTTOM(?). OIL
ANALYST CITES WEAK DOLLAR/EASY MONEY FLOWS AND SAYS LOOK FOR OIL AT
$120-$125. ANOTHER ANALYST SAYS ITS TOO LATE FOR FED TO TURN THIS WRITEDOWN/SUBPRIME/ECONOMIC
DOWNTURN AROUND WITH BEAR ANOTHER $35-$70 BILLION BAD AND WHAT AFTER 28 DAY
LOAN-EXPECT TAKEOVER/NO MORE BEAR STEARNS. 3-13-08 SMART MONEY WOULD SELL
INTO THIS SUCKERS’ BEAR MARKET RALLY (TAKE PROFITS) WHICH IS BASED UPON B**L
S**T ALONE (NOTHING WHATSOEVER) AS STANDARD AND POORS ANALYST SAYS THE END OF
WRITEDOWNS MIGHT (BUT NOT QUITE) BE IN SIGHT (WHICH IS LIKE THAT BROKER WHO
SELLS STOCKS FOR A LIVING SAYING HE’S TRYING TO KEEP CLIENTS IN STOCKS
BECAUSE AT SOME POINT THEY’LL GO UP)…RIIIIIGHT….. WHICH IS MEANINGLESS COMING
FROM STANDARD AND POORS WHICH SHOULD BE ACCOUNTABLE/LIABLE (FOR THIS FRAUD)
ALONG WITH THE FRAUDS ON WALL STREET, ETC., FOR THE TRIPLE A RATED SECURITIES
ON THE BOOKS WHICH EVERYONE KNOWS ARE IN FACT NOT TRIPLE A (WORTHLESS JUNK
BONDS, ASSETS, ETC.) SPURRING 200+ POINT SWING TO THE UPSIDE. VAST MAJORITY
OF ECONOMISTS NOW SAY WE’RE IN RECESSION (EVEN DESPITE ELECTION YEAR
GIMMICKS-AS GOOD AS GETS). RETAIL SALES DOWN MORE THAN EXPECTED .6%,
FORECLOSURES UP 60% YEAR OVER YEAR, DOLLAR DOWN SHARPLY. ONE ANALYST SAYS
CONTINUED UNEMPLOYMENT/EMPLOYMENT WEAKNESS, PREMATURE TO SAY AS DID S&P
THAT WE’RE NEAR END OF WRITEDOWNS, MAJORITY OF ECONOMISTS NOW SAY WE’RE IN
RECESSION, HOUSING DOWNTURN MUCH FURTHER TO GO, VERY DEFENSIVE AS STOCKS
CONTINUE TO HIT NEW LOWS IN LARGE NUMBERS, WORST OF HOUSING CRISIS AHEAD, AND
THIS IS A BEAR MARKET IN A RECESSION ECONOMY. ANOTHER ECONOMIST/ANALYST SAYS
U.S. CURRENT ACCOUNT DEFICITS, LACK OF TRUST IN U.S. FINANCIAL INSTITUTIONS
AND TRIPLE A RATINGS (BONDS, ETC., WHICH EVERYONE KNOWS ARE NOT), BANKS’ NEED
FOR RECAPITALIZATION, LOW SAVINGS (IE., CONSUMERS USING IE., GIFT CARDS FOR
GROCERIES, ETC.), FED LOSING CREDIBILITY BY FLIP-FLOPS/WRONG MOVES, AND SEES
ONLY SHORT-COVERING RALLIES AT BEST. VENEZUELA SHIFT TO PAYMENT IN EUROS FOR
OIL OUT OF DOLLARS. YET ANOTHER ECONOMIST SAYS WITH MONEY SUPPLY INCREASING
AT EXORBITANT 27% PER ANNUM, CITING ECONOMIST FRIEDMAN SAYS
HYPER-INFLATIONARY (CONTRARY TO LAND OF FRUITS AND NUTS ECONOMISTS WHO THIS DAY
SEE LAND OF FRUITS AND NUTS REAL ESTATE DOWN 17.6%, SALES DOWN 40-45%, AND
MEDIAN HOME PRICES DOWN $100,000, AND BUDGET DEFICITS ACROSS THE BOARD).
3-12-08 VERY MODEST DROP IN STOCKS RELATIVE TO REALITY, DOLLAR DOWN SHARPLY
ON PANICKY FED KNEE JERK FUNNY MONEY ACTION, ONE ANALYST/BROKER WHO SELLS
STOCKS FOR A LIVING SAYS HE’S TRYING TO KEEP CLIENTS IN STOCKS BECAUSE AT
SOME POINT THEY’LL GO UP…..RIIIIIGHT…..REFERENCES THAT THIS IS WORST R.E.
DOWNTURN IN 100 YEARS AND NO BOTTOM YET IN R.E. AND WSJ SAYS WORSE TO COME IN
BAD PAPER (WRITEDOWNS, ETC.), AN OIL ANALYST SAYS RECORD HIGH OIL PRICES ARE
HEDGE AGAINST FALLING DOLLAR WITH A LOT OF DOLLARS RELATIVE TO GOODS (AS IE.,
OIL, OTHER COMMODITIES, ETC.-HYPERINFLATION) AND IF YOU HOLD DOLLARS/DOLLAR
DENOMINATED ASSETS/SECURITIES YOU LOSE VALUE AND SEES $4.00 GAS NATIONWIDE
WITH RECORD DIESEL, WHILE ANOTHER ANALYST SAYS THAT SEEING FED GO FROM LENDER
OF LAST RESORT TO LENDER (PRINTER) OF FIRST RESORT IS WORRISOME/TROUBLESOME.
3-11-08 Suckers’ bear market irrationally exuberant new EPHEMERAL bubble
rally on fed fear and trembling panic move TO ADD $200 BILLION IN WORLDWIDE
LIQUIDITY BY TEMPORARILY REPLACING (28 DAYS) ONE TYPE OF FUNNY-MONEY
(WORTHLESS SUBPRIME COLLATERALIZED DEBT) WITH ANOTHER LONGER TERM WORTHLESS
FUNNY-MONEY (U.S. DEBT WHICH CAN’T BE PAID BACK) WHICH IS A GREAT B.S.
TALKING POINT BUT JUST A DROP IN THE BUCKET CONSIDERING THE MAGNITUDE OF THE
UNDISCLOSED WRITEDOWNS/WORTHLESS PAPER BEING HELD(AND, CURING A BUBBLE WITH A
NEW BUBBLE-I DON'T THINK SO), ONE ANALYST POINTS TO THE HYPERINFLATIONARY
EFFECTS OF TOO MUCH LIQUIDITY CHASING TOO FEW GOODS AND MORE BAD NEWS TO COME
IN TECH SECTOR AND EARNINGS ALONG WITH MORE WRITEOFFS/WRITEDOWNS WITH WORSE
TO COME/NO BOTTOM YET AND HE REMAINS A BEAR, LAND OF FRUITS AND NUTS
ECONOMIST SAYS BAD BUT NOT TECHNICALLY RECESSION BASED ON GOVERNMENT
ELECTION-YEAR DATA (ONLY NUTS AND NUTS FROM THE LAND OF FRUITS AND NUTS
BELIEVE SAME) WHILE TWO OTHER ECONOMISTS SAY RECESSION WITH STRUCTURAL
PROBLEMS/HIGH INFLATION/LOWER DOLLAR AS FOREIGNERS/INVESTORS GET OUT OF
WORTHLESS DOLLAR WITH BIG TROUBLE FOR U.S. POST-ELECTION AS REALITY SETS IN,
TRADE GAP WIDENED, AND SMART MONEY WOULD SELL THIS RALLY/TAKE PROFITS.
3-10-08 MODEST DROP IN STOCKS RELATIVE TO REALITY, NEW BANK DOWNGRADES,
MORGAN SLASHES EARNINGS ESTIMATES FOR S&P AND SAYS ALREADY IN RECESSION,
EVEN MORE ECONOMISTS NOW SAY THE OBVIOUS/RECESSION, RUMOR THAT BEAR STERNS
WITH SUBSTANTIAL LIQUIDITY ISSUES IS GOING UNDER, DOLLAR DOWN, EARNINGS
ESTIMATES CUT ON CITIBANK AND BANKOFAMERICA, ONE ECONOMIST/ANALYST SAYS
(HYPERINFLATIONARY) HIGH ENERGY AND FOOD PRICES (CONVENIENTLY LEFT OUT OF THE
FED’S “TOUTED” CORE RATE) ARE SQUEEZING THE CONSUMER (AND HENCE,
CONSUMPTION/65% OF GDP) AND THAT COMMODITIES A BUBBLE AND MULTINATIONALS WITH
OVERSEAS EARNINGS/POSITVE CURRENCY TRANSLATION TO WEAKER DOLLAR PREFERRED, AN
OIL ANALYST SAYS $200 OIL POSSIBLE (REITERATING GOLDMAN) WITH CONTINUED
WEAKENING OF DOLLAR, ANOTHER ANALYST/JOURNALIST SAYS SELL DOLLAR DENOMINATED
STOCKS/SECURITIES/ASSETS WHICH HAVE MUCH FURTHER TO FALL AND REITERATES AS
DID BARRON’S THAT MORTGAGE INSURERS HAVE OVER $5 TRILLION IN DEBT/EXPOSURE
AND THAT MANY OF THE NATIONS BANKS ARE ALREADY INSOLVENT SO GET OUT OF THE
DOLLAR AND U.S. STOCKS. 3-7-08 BAD EMPLOYMENT/JOBS DATA across ALL SECTORS AS
63,000 JOBS LOST WITH DOWNWARD REVISIONS TO DECEMBER AND JANUARY (ACTUALLY
LOST 20,000) JOBS NUMBERS, ONE ANALYST SAYS WE’RE IN A RECESSION WHILE MORE
ECONOMISTS SAY RECESSION WITH ONE STATING THAT YOU ALMOST NEVER SEE
BACK-TO-BACK MONTHLY DECLINE IN EMPLOYMENT WITHOUT RECESSION AS NOW, DOLLAR
AT NEW RECORD LOWS, CONSUMERS INCREASED BORROWING TO STAY AFLOAT, WASHINGTON
MUTUAL FURTHER DOWNGRADES, SUPPORT LEVELS BROKEN TO THE DOWNSIDE, sentiment-
85% believe things will get worse. 3-6-08 MODEST DROP IN STOCKS RELATIVE TO
REALITY TO KEEP THE SUCKERS SUCKERED AND THE COMPUTERIZED COMMISSION TRADE
DOLLARS FLOWING. 23% INCREASE IN FORECLOSURES IN FOURTH QUARTER NEW RECORD
HIGH, DOLLAR AT NEW RECORD LOWS, 10% OF HOMES WITH 0 OR NEGATIVE EQUITY,
MORTGAGE BANKERS ASSOCIATION SAYS HOME FORECLOSURES AT ALL-TIME HIGH AND
GOING HIGHER, ONE R.E. ANALYST SAYS ROUGH YEAR AHEAD WITH FORECLOSURES AND
DEFAULTS UP, ONE ANALYST SAYS MARKET WILL TEST NEW LOWS/SUPPORT LEVELS WITH
FLIGHT TO “QUALITY”/TREASURIES, LENDER THORNBURG DEFAULTS AND ALONG WITH
WASHINGTON MUTUAL IS DOWNGRADED, CONTINUING CLAIMS FOR UNEMPLOYMENT AT HIGH
LEVELS MEANS COMPANIES SHRINKING, IGNORE KNEE-JERK ELECTION YEAR GOVERNMENT
HUNKY DORY FAKE REPORTS. 3-5-08 OIL INVENTORIES LESS THAN EXPECTED, FED BEIGE
BOOK CITES ECONOMIC WEAKNESS PARTICULARLY SINCE BEGINNING OF THE YEAR, LABOR
COSTS ROSE, RISING PRICE PRESSURES/STAGFLATION, RECESSION/BEAR MARKET, ONE
ANALYST SAYS TOUGH FIRST HALF RECOMMENDS MULTINATIONALS WITH 50% OVERSEAS
EARNINGS (FAVORABLE CURRENCY TRANSLATION) AND CONSUMER STAPLES/HEALTH
RELATED/DEFENSIVE STOCKS, AMBAC TO FLOAT STOCK TO SHORE UP BALANCE SHEET TO
TUNE OF $1.5 BILLION/DILUTION AND SHARES FALL $2 TO $8.70, OIL ANALYST CITES
DECLINE IN OIL INVENTORIES/DIESEL/JET FUEL AND WEAK DOLLAR AND TOP $108-$110
BUT $120-$130 IF VENEZUELA/COLUMBIA CONFLICT AND MORE RECORD HIGH GAS PRICES
TO COME, ANOTHER ECONOMIST/ANALYST SAYS CONTINUED DECLINE IN REAL
ESTATE/HOUSING WITH STARTS DOWN 15-20-40% ON WELL DESERVED PESSIMISM/CREDIT
CRUNCH. 3-4-08 Suckers’ bear market rally into the close based on b**l s**t
alone, viz., rumor/speculation about yet another bailout for wall
street/ambac/bond insurers and over 200 point swing to the upside based on
nothing whatsoever, one economist/analyst notes this is the deepest housing
decline since great depression, bernanke says another spike in foreclosures
ahead and proposes reduction of principal amounts in existing loans (sounds
like a plan…..riiiiight!), ken shreve finance editor investors business daily
says bear market 6-9 months/ don’t try to catch a falling knife as
institutions still selling/keep money safe in 3% money market for time being,
one oil analyst says oil higher before lower as expected rate cut will
further weaken dollar and drive up oil/commodities prices and problems in
consumer debt in addition to mortgages and nobody wants to hold dollars,
3-3-08 Suckers’ bear market rally into the close, yes we are in a recession
from someone who unlike the frauds on wall street has read security analysis
by graham, dodd, and cottle and understands it (warren buffet), all news
negative, ie., ism manufacturing index down to 48.3 (contraction), car sales
down at gm (-12%) and ford (-7%), construction spending down most in 14
years, oil analysts point to the new highs while economist/analyst says
dollar has fallen through all support levels meaning more bottoms to come,
INFLATION OUTPACING CONSUMER SPENDING (EVEN WITH SPENDING NUMBER HIGHER THAN
EXPECTED WHICH PROBABLY MEANS REALITY WAS NEGATIVE), CONSUMER
CONFIDENCE/SENTIMENT DOWN SHARPLY, CHICAGO MANUFACTURING INDEX DOWN
INDICATING CONTRACTION, $5.29 BILLION LOSS FOR AIG ON WRITEOFFS, INTRA DAY
HIGH FOR OIL OVER $103, INFLATION/WEAK DOLLAR/ECONOMIC WEAKNESS=STAGFLATION,
FOURTH MONTHLY DECLINE IN A ROW FOR STOCK MARKET, ONE ECONOMIST/ANALYST IF
NOT THEN ALMOST IN RECESSION WITH WORSE INFLATION NEWS AND INFLATION ADJUSTED
INCOME/SPENDING FLAT, ANOTHER ECONOMIST/ANALYST SAYS RECESSION AND CITES
NEGATIVE SAVINGS RATE AND FURTHER ECONOMIC WEAKNESS, ANALYST SAYS CONTINUED
ECONOMIC WEAKNESS WITH FURTHER DOLLAR DECLINE SO BULLISH ON METALS AND
BEARISH ON STOCKS, AND YET ANOTHER ECONOMIST/ANALYST SAYS INFLATION/RECESSION
BUT NOT DEPRESSION…..RIIIIIGHT, GDP GROWTH REPORTED MUCH LESS THAN EXPECTED
(BUT CLOSER TO REALITY) AT MINISCULE .6%, UNEMPLOYMENT CLAIMS JUMP 19,000 TO
373,000 AT HIGHEST LEVEL SINCE POST KATRINA, BERNANKE SAYS CONSUMER WORSE OFF
THAN JUST AFTER 911(?) AND THAT SOME BANKS COULD (WILL) FAIL AND THAT
STAGFLATION WILL NOT BE AS BAD AS THE 70’S, FANNIE MAE AND FREDDIE MAC SHOW
MASSIVE LOSSES, ONE ANALYST 50 YEARS IN THE BUSINESS SEES RECESSION AND SAYS
FINANCIALS HAVE BECOME IMPENETRABLE IN TERMS OF ANALYSIS/LOSSES, ANOTHER
ECONOMIST/ANALYST SAYS WE’RE NOWHERE NEAR IMPROVEMENT IN R.E./HOUSING MARKET,
YET ANOTHER ECONOMIST/ANALYST SAYS RECESSION WITH HIGHER INFLATION LOWER
GROWTH (STAGFLATION) AND THAT FED FORECASTS HAVE BEEN WRONG AND ONLY
RECESSION TO BRING DOWN INFLATION, new record LOW FOR DOLLAR AGAINST EURO AND
SWISS FRANC (AND EVEN WORTH LESS THAN THE LOWLY CANADIAN LOONEY, ETC.) WHICH
ALONG WITH DEFICIT SPENDING IS HYPERINFLATIONARY AS OIL SEES NEW INTRADAY
HIGH OF $102.64, SALES/ORDERS OF DURABLE GOODS DOWN MORE THAN EXPECTED 5.3%,
BERNANKE’S NEGATIVE COMMENTS ON GREENSPAN RECESSION PROMISES RATE CUTS FOR
NEW BUBBLE WHICH RALLIES STOCKS, ONE ANALYST SAYS BANKS AS THEIR OWN INSURERS
INCREASES RISK, ANOTHER ANALYST SAYS CONTINUED DEFICIT SPENDING INCREASES
INFLATIONARY PROBLEMS/RISK, FORECLOSURES/BANK REPO’S UP 90% YEAR OVER YEAR,
REGULATORS PREDICT OVER 100 BANK FAILURES, FORECLOSURES UP 57% IN JANUARY,
WHOLESALE INFLATION UP MUCH HIGHER THAN EXPECTED 7.5% (CORE RATE 4+%), 9%
DROP IN HOME VALUES/PRICES, CONSUMER CONFIDENCE DOWN TO 17 YEAR LOW, ELECTION
YEAR/PROTECT INCOMPETENT INCUMBENT GOV’T PRINTING WORTHLESS DOLLARS LIKE MAD
WITH EXCESS LIQUIDITY CHASING TOO FEW GOODS (IE., FOOD UP 6%, ETC.) WHICH IS
HYPER-INFLATIONARY, ECONOMIST/ANALYST DR. KELLNER SAYS EASIER MONEY/FISCAL
PACKAGE WON’T REFLATE HOUSING MARKET (RECESSION), ANOTHER ANALYST SAYS IN
BEAR MARKET/RECESSION RECOMMENDS DEFENSIVE/PREFERRED STOCKS/BONDS/CASH, DR.
SHILLER- CASE-SHILLER INDEX- HOME VALUES CONTINUED DECLINE AND IN OR ABOUT TO
ENTER RECESSION (that’s already here), Stiglitz Blames Greenspan For
Recession, IBM ON $15 BILLION BUYBACK AND JAWBONING AND SIGNIFICANT OVERSEAS
SALES (AND POSITIVE CURRENCY TRANSLATION TO THE WORTHLESS DOLLAR) RALLIES
MARKET (WHAT BULL S**T), SHARPLY LOWER AND MORE WORTHLESS DOLLAR/HIGH OIL
PRICE RALLY CREATES YET ANOTHER B.S. SWING OF OVER 200 POINTS TO THE UPSIDE,
FOOD PRICES UP 6% ON ETHANOL CROWD-OUT, HOME SALES DOWN 5.5% / MEDIAN SALES
PRICE DOWN 4.6%, ONE R.E. EXPERT SAYS WITH SALES FALLING AND FORECLOSURES
RISING WORSE YET TO COME, LEADING ECONOMIC INDICATORS FELL FOR FOURTH MONTH
IN A ROW (-.1%), PHILADELPHIA FED MANUFACTURING INDEX UNEXPECTEDLY AND
SIGNIFICANTLY LOWER (The Philadelphia Manufacturing Index fell to a -24,
indicating a sharp contraction in the region's manufacturing activity.
Economists had anticipated a reading of -10, a less pronounced contraction.
Last month the reading came in at -20.9.), ONE ECONOMIST/ANALYST SAYS
SIGNIFICANT INFLATION AND UNEMPLOYMENT-STAGFLATION-AHEAD ALONG WITH CONTINUED
DEFLATION OF HOUSING BUBBLE WITH NATIONWIDE AVERAGE PRICE DECLINE OF 8-10%
AND ANOTHER DECLINE OF 15-20% TO COME. MODEST DROP IN STOCKS RELATIVE TO
REALITY TO KEEP THE SUCKERS SUCKERED AND THE COMPUTERIZED COMMISSION TRADE
DOLLARS FLOWING. (DOW -293, NASDAQ -58, S&P -32) [CLOSE- OIL
$104.48(-$4.94) / GOLD $942.60 (-$61.60)/ SILVER $18.56/ PLATINUM $1,892/
DOLLAR AT 1.57 AGAINST EURO, 99 YEN, BELOW 1 SWISS FRANC, ETC. (How low can
you go)]. 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). SMART MONEY WOULD SELL ON ANY
STRENGTH (TAKE PROFITS). REALITY: THIS IS A BEAR MARKET IN A SECULAR BEAR
MARKET IN A RECESSIVE ECONOMY IN A SECULAR (AND QUITE PERMANENT-THEY’VE MADE
ALL THE WRONG CHOICES) ECONOMIC DOWNTREND IN THE U.S. 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.). Time to
put the wall street among other corporate frauds in jail and require fines,
penalties and disgorgement of their ill-gotten gains. [Please note: I seldom
name analysts/reporters/journalists bearing not so glad tidings for fear
they’ll be crucified by the frauds on wall street].
http://www.albertpeia.com/wallstreetlunacy10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/currentopics10108.htm
New Yorker: Abu Ghraib abuses were 'de facto US policy'
News Report: U.S. Soldiers Do Unspeakable Things In Iraq
Tibetan prisoners are paraded on trucks as China tightens its grip
Drug Trade Tyranny on The Border
How to Destroy a Country and Get Off Scot-Free Linda Heard,
[email protected]
Someone once told me if you're going to tell a lie make it a whopper based on
the premise the more outrageous the lie the more likely it is to be believed.
At the time, I wrote off his advice as hogwash but as we see from the Iraq
debacle, he was right. Five years later, the deceit continues undiminished
and nobody has been held to account. Britain's Gordon Brown yesterday
promised to hold an enquiry into the "mistakes" made in Iraq.
Sounds good, but don't hold your breath. All previous inquiries have been
labeled "whitewashes". They can't afford the truth to come out else
they might get a one-way ticket to The Hague.Ambassador David Satterfield,
and adviser to Secretary of State Condoleezza Rice, is doing the rounds of
talk shows lauding America's victories over Al-Qaeda in Iraq. On one occasion
the host interjected to mention the unpalatable fact that Al-Qaeda members
only flocked to Iraq once the Americans were in place leaving Satterfield
momentarily nonplussed.It's obvious that Satterfield is so saturated in the
party line he forgot the Pentagon's recently published study that found with
certainty that Saddam Hussein had absolutely no links to Al-Qaeda. And lest
we forget Saddam didn't have WMD either, which means not only was the war
immoral the prewar sanctions on that country that contributed to the deaths
of over half-a-million Iraqi children were too. Think about it for a moment.
The warmongers invaded, crushed and occupied a country that was no threat to
anyone. They stood by as it was looted, exacerbated sectarianism, flattened
entire towns, tortured untold numbers of innocents, brought in gum-chewing,
tattooed foreign mercenaries and paid crony companies billions of dollars for
mythical reconstruction projects.They then pretended to hand over sovereignty
to that country while at the same time constructing permanent bases and the
biggest US Embassy in history resembling a small town. They said they had no
interest in Iraq's oil, yet they are putting immense pressure on the Iraqi
government (sic) to sign into law a bill that permits foreign (read American)
oil companies to lock up decades-long deals. Let's be frank. Iraq wasn't a
blunder, it was a crime. So how did they manage to get away with implanting
their long-conceived plot to do away with Israel's No. 1 foe, ensure their
competitors couldn't get their hands on Iraq's resources and entrench their
military might in the region? Future historians will no doubt be scratching
their heads over this one. You had to live through it to believe it.
First, they cleverly used the politics of fear to sway public opinion. As
noted in the Project for the New American Century's document "Rebuilding
America's Defenses", the warmonger signatories - who later became senior
members of the Bush administration - needed "a new Pearl Harbor".
On Sept. 1l 2001 they got it. Americans and their allies were in shock.
Almost every country in the world was sympathetic and willing to do anything
to help. And, boy, did they capitalize on that empathy even managing to
persuade Russia to stay silent as they made deals with Caspian states to
allow US bases.
Step one was a country where a giant bogeyman was supposed to be hiding out
in a cave presumably equipped with a dialysis machine and a production studio
and whose black-turbaned government forced women to wear a burqa and
disallowed nail polish. But then Defense Minister Donald Rumsfeld was
disappointed because there weren't enough targets for his bombs. It was no
fun bombing a country into the Stone Age when it was already there.
Step two was the insidious demonizing of Muslims, thousands of whom were
arrested and held for months without charge or access to lawyers. In that
climate of fear, it was relatively simple to persuade the American people
that Saddam Hussein was conniving with the people who brought down the World
Trade Center. US officials warned of mushroom clouds; Prime Minister Tony
Blair said British interests could be attacked within 45 minutes of Saddam
giving the order. Then Secretary of State Colin Powell allowed himself to be
used as their fall guy. He spouted the most unbelievable scripted codswallop
the UN had ever heard...yet, bullied and bribed nation after nation pretended
to believe him as IAEA chief Mohammed El-Baradei and UN weapons inspector
Hans Blix did little to discredit the hoax.
Step three entailed replacing Osama in people's minds with Saddam, who
overnight morphed into a hydra-headed monster whose idea of a pleasant
weekend was gassing and torturing his own people.
Step four was 'Shock and Awe' which illuminated the Baghdad skyline on March
19, 2003. As their bombs and missiles rained down on crowded market places
scattering limbs, they told us those bombs and missiles were Saddam's even
though the Independent's Middle East correspondent inconveniently dug up
their Made in the USA shards.
As the months went on, we began to wonder what happened to the WMD. They told
us it was only a matter of time before it would be unearthed from under the
sands or discovered in a tunnel under one of Saddam's palaces. They even
suggested it may have been shipped off to a neighboring country for
safekeeping!!
Step five was an orchestrated administration campaign to inject us with mass
amnesia. Never mind about the weapons, they said. We are here to liberate the
poor Iraqi people from their evil dictator and deliver freedom and democracy.
Look, look, they said. The Iraqis have purple fingers! With up to one million
dead, Iraqis are lucky they have any fingers at all.
To be fair, they couldn't have done it without the aid of a compliant, supine
media, which embedded its reporters with US battalions and agreed not to show
captured US soldiers, flag-draped coffins, military funerals or scenes of
blood-soaked Iraqi civilians. Independent reporters who neglected to abide by
the script were discredited, refused access to information and even shelled.
I still recall a live report from David Chater of Sky News, who saw the
barrel of a US tank slowly turn toward the Palestine hotel - known to be a
journalist's hang-out - before firing its shell killing three reporters. The
Baghdad offices of Al-Jazeera and Al-Arabiya were also hit.
With so much information on tap I'm flabbergasted that so many people still
believe the Iraq fairytale. I wish they'd get in touch with me. I've got a
few pyramids and a sphinx going cheap. Sad, isn't it!
http://www.albertpeia.com
http://www.albertpeia.com/currentopics10108.htm
http://www.albertpeia.com/wallstreetlunacy10108.htm
The Fading of a Fateful Opportunity
Israel Does Not Want Peace
By GIDEON LEVY
The moment of truth has arrived, and it has to be said: Israel does not want
peace. The arsenal of excuses has run out, and the chorus of Israeli rejection
already rings hollow. Until recently, it was still possible to accept the
Israeli refrain that "there is no partner" for peace and that
"the time isn't right" to deal with our enemies. Today, the new
reality before our eyes leaves no room for doubt and the tired refrain that
"Israel supports peace" has been left shattered.
It's hard to determine when the breaking point occurred. Was it the absolute
dismissal of the Saudi initiative? The refusal to acknowledge the Syrian
initiative? Prime Minister Ehud Olmert's annual Passover interviews? The
revulsion at the statements made by Nancy Pelosi, the speaker of the U.S.
House of Representatives, in Damascus, alleging that Israel was ready to
renew peace talks with Syria?
Who would have believed it? A high-ranking U.S. official says Israel wants
peace talks to resume and instantly her president "severely" denies
the veracity of her words. Is Israel even hearing these voices? Are we
digesting the significance of these voices for peace? Seven million apathetic
Israeli citizens prove that we are not.
Entire generations grew up here weaned on self-deception and doubt about the
likelihood of achieving peace with our neighbors. In our younger days, David
Ben-Gurion told us that if he were only able to meet with Arab leaders, he
would have brought us peace in his time. Israel has demanded direct
negotiations as a matter of principle and Israelis have derived great pride
from the fact that their daily focus on "peace" has concealed their
state's lofty ambitions. We were told that there was no partner for peace and
that the ultimate ambition of the Arabs is to bring about our destruction. We
burned the portraits of "the Egyptian tyrant" at our bonfires on
Lag Ba'omer, and were convinced that all blame for the lack of peace lied
with our enemies.
After that came the occupation, followed by terror, Yassir Arafat, the failed
second Camp David Summit and the rise of Hamas to power, and we were sure,
always sure, that it was all their fault. In our wildest dreams, we wouldn't
have believed that the day would come when the entire Arab world would extend
its hand in peace and Israel would brush away the gesture. It would have been
even crazier to imagine that this Israeli refusal would have been blamed on
not wanting to enrage domestic public opinion.
The world has been turned upside down and it is Israel that stands at the
forefront of refusal. The policy of refusal of a select few, a vanguard of
the extreme, has now become the official policy of Jerusalem. In his Passover
interviews, Olmert will tell us that, "The Palestinians stand at the
crossroads of a historic decision," but people stopped taking him
seriously a long time ago. The historic decision is ours, and we are fleeing
from this crossroads and from these initiatives as if from death itself.
Terror, used as the ultimate excuse for Israeli refusal, only helps Olmert
keep reciting, ad nauseum, "If they [the Palestinians] don't change,
don't fight terror and don't adhere to any of their obligations, then they
will never extract themselves from their unending chaos." As though the
Palestinians haven't taken measures against terrorism, as though Israel is
the one to determine what their obligations are, as though Israel isn't to
blame for the unending chaos Palestinians suffer under the occupation.
Israel makes a point of setting prerequisites and believes it has an
exclusive right to do so. But, time and time again, Israel avoids the most
basic prerequisite for any just peace - an end to the occupation. Of all the
questions asked during his Passover interviews, no one bothered to ask Olmert
why he didn't react with excitement to the
http://www.albertpeia.com
http://www.albertpeia.com/currentopics10108.htm
http://www.albertpeia.com/wallstreetlunacy10108.htm
LOOK HERE:
How to Destroy a Country and Get Off Scot-Free Linda Heard,
[email protected]
Someone once told me if you're going to tell a lie make it a whopper based on
the premise the more outrageous the lie the more likely it is to be believed.
At the time, I wrote off his advice as hogwash but as we see from the Iraq
debacle, he was right. Five years later, the deceit continues undiminished
and nobody has been held to account. Britain's Gordon Brown yesterday
promised to hold an enquiry into the "mistakes" made in Iraq.
Sounds good, but don't hold your breath. All previous inquiries have been
labeled "whitewashes". They can't afford the truth to come out else
they might get a one-way ticket to The Hague.Ambassador David Satterfield,
and adviser to Secretary of State Condoleezza Rice, is doing the rounds of
talk shows lauding America's victories over Al-Qaeda in Iraq. On one occasion
the host interjected to mention the unpalatable fact that Al-Qaeda members
only flocked to Iraq once the Americans were in place leaving Satterfield
momentarily nonplussed.It's obvious that Satterfield is so saturated in the
party line he forgot the Pentagon's recently published study that found with
certainty that Saddam Hussein had absolutely no links to Al-Qaeda. And lest
we forget Saddam didn't have WMD either, which means not only was the war
immoral the prewar sanctions on that country that contributed to the deaths
of over half-a-million Iraqi children were too. Think about it for a moment.
The warmongers invaded, crushed and occupied a country that was no threat to
anyone. They stood by as it was looted, exacerbated sectarianism, flattened
entire towns, tortured untold numbers of innocents, brought in gum-chewing,
tattooed foreign mercenaries and paid crony companies billions of dollars for
mythical reconstruction projects.They then pretended to hand over sovereignty
to that country while at the same time constructing permanent bases and the
biggest US Embassy in history resembling a small town. They said they had no
interest in Iraq's oil, yet they are putting immense pressure on the Iraqi
government (sic) to sign into law a bill that permits foreign (read American)
oil companies to lock up decades-long deals. Let's be frank. Iraq wasn't a
blunder, it was a crime. So how did they manage to get away with implanting
their long-conceived plot to do away with Israel's No. 1 foe, ensure their
competitors couldn't get their hands on Iraq's resources and entrench their
military might in the region? Future historians will no doubt be scratching
their heads over this one. You had to live through it to believe it.
First, they cleverly used the politics of fear to sway public opinion. As
noted in the Project for the New American Century's document "Rebuilding
America's Defenses", the warmonger signatories - who later became senior
members of the Bush administration - needed "a new Pearl Harbor".
On Sept. 1l 2001 they got it. Americans and their allies were in shock.
Almost every country in the world was sympathetic and willing to do anything
to help. And, boy, did they capitalize on that empathy even managing to
persuade Russia to stay silent as they made deals with Caspian states to
allow US bases.
Step one was a country where a giant bogeyman was supposed to be hiding out
in a cave presumably equipped with a dialysis machine and a production studio
and whose black-turbaned government forced women to wear a burqa and
disallowed nail polish. But then Defense Minister Donald Rumsfeld was
disappointed because there weren't enough targets for his bombs. It was no
fun bombing a country into the Stone Age when it was already there.
Step two was the insidious demonizing of Muslims, thousands of whom were
arrested and held for months without charge or access to lawyers. In that
climate of fear, it was relatively simple to persuade the American people
that Saddam Hussein was conniving with the people who brought down the World
Trade Center. US officials warned of mushroom clouds; Prime Minister Tony
Blair said British interests could be attacked within 45 minutes of Saddam
giving the order. Then Secretary of State Colin Powell allowed himself to be
used as their fall guy. He spouted the most unbelievable scripted codswallop
the UN had ever heard...yet, bullied and bribed nation after nation pretended
to believe him as IAEA chief Mohammed El-Baradei and UN weapons inspector
Hans Blix did little to discredit the hoax.
Step three entailed replacing Osama in people's minds with Saddam, who
overnight morphed into a hydra-headed monster whose idea of a pleasant weekend
was gassing and torturing his own people.
Step four was 'Shock and Awe' which illuminated the Baghdad skyline on March
19, 2003. As their bombs and missiles rained down on crowded market places
scattering limbs, they told us those bombs and missiles were Saddam's even
though the Independent's Middle East correspondent inconveniently dug up
their Made in the USA shards.
As the months went on, we began to wonder what happened to the WMD. They told
us it was only a matter of time before it would be unearthed from under the
sands or discovered in a tunnel under one of Saddam's palaces. They even
suggested it may have been shipped off to a neighboring country for
safekeeping!!
Step five was an orchestrated administration campaign to inject us with mass
amnesia. Never mind about the weapons, they said. We are here to liberate the
poor Iraqi people from their evil dictator and deliver freedom and democracy.
Look, look, they said. The Iraqis have purple fingers! With up to one million
dead, Iraqis are lucky they have any fingers at all.
To be fair, they couldn't have done it without the aid of a compliant, supine
media, which embedded its reporters with US battalions and agreed not to show
captured US soldiers, flag-draped coffins, military funerals or scenes of blood-soaked
Iraqi civilians. Independent reporters who neglected to abide by the script
were discredited, refused access to information and even shelled.
I still recall a live report from David Chater of Sky News, who saw the
barrel of a US tank slowly turn toward the Palestine hotel - known to be a
journalist's hang-out - before firing its shell killing three reporters. The
Baghdad offices of Al-Jazeera and Al-Arabiya were also hit.
With so much information on tap I'm flabbergasted that so many people still
believe the Iraq fairytale. I wish they'd get in touch with me. I've got a
few pyramids and a sphinx going cheap. Sad, isn't it!
http://www.albertpeia.com
http://www.albertpeia.com/currentopics10108.htm
http://www.albertpeia.com/wallstreetlunacy10108.htm
SHOT DOWN LIKE DOGS.
http://www.albertpeia.com
http://www.albertpeia.com/currentopics10108.htm
http://www.albertpeia.com/wallstreetlunacy10108.htm
Tibetan prisoners are paraded on trucks as China tightens its grip
BOYCOTT CHINA OLYMPICS AND PRODUCTS
http://www.albertpeia.com
http://www.albertpeia.com/currentopics10108.htm
http://www.albertpeia.com/wallstreetlunacy10108.htm
High oil prices to keep U.S. dollar on ropes March 18, 2008
A financial crisis unmatched since the Great Depression, say analysts March
18, 2008
Dollars tough to sell on streets of Amsterdam March 18, 2008
Making a Recession Great March 18, 2008
Wall Street rallies to aid Lehman
Dollar Gains Versus Yen as Fed Cuts 0.75 Point and Stocks Rise
Gold Falls as Fed Cuts U.S. Interest Rate Less Than Expected
Will Fed Act To Save Dollar With Modest Rate Cut?
Plunging U.S. dollar must be addressed
Bernanke May Cut Benchmark Rate by Most Since Volcker
Crude Oil Gains on Speculation Fed Cut Will Push Dollar Lower
Retailers Accept Foreign Currency as Dollar Withers
China concerned over falling US dollar, economy: Wen
As Dollar Keeps Falling, Talk of a Move by Japan
Sterling's big slide may not be over yet
Poll finds broad pessimism over economy
Perino Defends Administration’s Intervention For Wall Street Instead Of Main
Street
CNBC’s Cramer Advises Viewers Not to Move Money from Bear Stearns Week Before
Collapse
At Least Hilter Got Germany Out of Its Depression
http://www.albertpeia.com/wallstreetlunacy10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/currentopics10108.htm
The Collapse of American Power In his famous book, The Collapse of British
Power (1972), Correlli Barnett reports that in the opening days of World War
II Great Britain only had enough gold and foreign exchange to finance war
expenditures for a few months. The British turned to the Americans to finance
their ability to wage war. Barnett writes that this dependency signaled the
end of British power.
http://www.albertpeia.com/wallstreetlunacy10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/currentopics10108.htm
'Oh, Magoo, You’ve Done It Again!' Frederick Sheehan Lew Rockwell.com
Tuesday, March 18, 2008 Alan Greenspan’s instinct for self-exculpation
reached new heights in the March 17, 2008, Financial Times. In "We Will
Never Have a Perfect Model for Risk," he writes a model essay intended
to eliminate risk – the risk he might be held accountable for the imploding
banking system that he failed to regulate. Nowhere would the reader glean the
author had a hand in the topics he speaks of with such authority. Nowhere
would the reader detect a hint that the practices and models the former
Federal Reserve chairman now condemns were once either blessed or ignored
under his authority. We read in the FT: "The crisis will leave many
casualties. Particularly hard hit will be much of today’s financial
risk-valuation system, significant parts of which failed under stress. Those
of us who look to the self-interest of lending institutions to protect
shareholder equity have to be in a state of shocked disbelief."…..
Recusing himself from responsibility to regulate the banking system, he told
an audience in 2005: "The use of a growing array of derivatives and the
related application of more sophisticated approaches to measuring and
managing risk are key factors underpinning the greater resilience of our
largest financial institutions." The former chairman squirmed on The
Daily Show. He told Jon Stewart in September 2007: "I’ve been in the
forecasting business for 50 years. … I’m no better than I ever was, and
nobody else is. Forecasting 50 years ago was as good or as bad as it is
today. And the reason is that human nature hasn’t changed. We can’t improve
ourselves." (Stewart lost faith in America at that point: "You just
bummed the [bleep] out of me.")…..
http://www.albertpeia.com/wallstreetlunacy10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/currentopics10108.htm
SELL INTO STRENGTH /TAKE PROFITS/ SELL DOLLAR DENOMINATED SECURITIES
(3-18-08) (DOW +420, NASDAQ +91, S&P +54) [CLOSE- OIL $109.42(+$3.74) /
GOLD $1003/ SILVER $19.96/ PLATINUM $1,968/ DOLLAR AT 1.57 AGAINST EURO, 100
YEN, BELOW 1 SWISS FRANC, ETC. (How low can you go)]. Suckers’ bear market
irrationally exuberant bubble rally on fed fear and trembling panic move TO
KEEP THE SUCKERS SUCKERED AND THE COMPUTERIZED COMMISSION TRADE DOLLARS
FLOWING. 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). WHOLESALE/PRODUCER PRICES UP MORE THAN
EXPECTED .3% WITH CORE RATE UP .5%. HOUSING STARTS DOWN 36% TO LOWEST LEVEL
IN 17 YEARS. SHARPLY (MORE THAN 50%) LOWER EARNINGS AT GOLDMAN AND LEHMAN
RALLIES THEIR STOCKS WITH FAMILIAR MANTRA ‘NOT AS BAD AS
EXPECTED’…..RIIIIIGHT! DOLLAR DOWN AGAINST MOST CURRENCIES ON .75% PANIC CUT
IN FED FUNDS RATE TO 2.25%. ONE ANALYST POINTS TO STRENGTH BY SECTOR, VIZ.,
FINANCIALS +8% (FOCUS OF THE BAILOUT), SMALL CAPS +5%, EMERGING MARKETS +5%,
AND SAYS DOLLAR WILL BE BOTTOMING. AN OIL ANALYST SAYS OIL TO GO HIGHER WITH
INFLUX OF SPECULATIVE NEW MONEY FROM RATE CUT. FORMER FED GOVERNOR GRAMLEY
SAY WE’RE IN SERIOUS ECONOMIC CRISIS, IN RECESSION WITH ECONOMIC WEAKNESS
SUFFICIENT TO MUTE DEMAND/SHARPER PRICE INCREASES, AND COMPARES ECONOMY TO
CANCER PATIENT UNDERGOING NECESSARY CHEMOTHERAPY…..RIIIIIGHT….., FED HAS USED
EMERGENCY POWERS NOT USED SINCE THE GREAT DEPRESSION BUT CAN’T RELY SOLELY ON
THE FED. ANOTHER ANALYST TALKS IN TERMS OF TRADING ON A DAY-TO-DAY BASIS
(FACT-THERE ARE HISTORICALLY VERY FEW SUCCESSFUL TRADERS), BELIEVES FED WENT
TO FAR WITH RATE CUT AND SEES SIGNIFICANT PROBLEM WITH INFLATION, THUMBS UP
FOR METALS/OIL AND LARGE CAP TECH WITH OVERSEAS EARNINGS, BUT FURTHER
CAUTIONS OWING TO NEGATIVE REAL INTEREST RATES (RATES LESS THAN INFLATION,
RISK, ECONOMIC FACTORS/PREMIUMS). FINALLY, THINGS ARE SO HUNKY DORY THAT AS
REPORTED BY CONTINENTAL COIN AND JEWELRY PEOPLE ARE PULLING THEIR TEETH,
EXTRACTING AND SELLING THE GOLD. LOVELY! 3-17-08 LUNATIC/FRAUDS 200+ point
computerized BUY PROGRAM suckers’ bear market/short-covering rally to the
upside based upon nothing whatsoever that hasn’t already been discounted
(ie., more rate cuts by fed in panic mode, etc.). 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). INDUSTRIAL PRODUCTION FELL A GREATER THAN EXPECTED ONE-HALF OF
1%. ONE ANALYST CITES NEW LOWS FOR DOLLAR AND SUBSTANTIAL MOVE BY FED ALREADY
DISCOUNTED (.75%). ANOTHER ANALYST CITES WEAKER DOLLAR AND SLOWER ECONOMY
IMPACTING DEMAND (IE., FOR GOODS, ETC., AND HENCE, COMMODITY PRICES, HENCE
LOWER OIL PRICE THIS DAY), CITES THIS DAYS SHORT-COVERING RALLY AND
RECOMEMMENDS MULTINATIONALS WITH OVERSEAS EARNINGS (POSITIVE CURRENCY
TRANSLATION) AND OVERSEAS NON-DOLLAR DENOMINATED SECURITIES (UTILITIES,
ETC.). YET aNOTHER ECONOMIST/ANALYST CITES BUSINESS MODELS COMPARABLE TO BEAR
STEARNS IN FINANCIAL SECTOR(PROBLEMS WITH HEDGE FUNDS/INVESTMENT BANKS) WHICH
HAS PROVEN INABILITY TO MANAGE THEIR OWN AFFAIRS SAYING DEREGULATION A
DISASTER AND REREGULATION A CURE, NO END TO FALL IN DOLLAR AS US BECOMES
WORLD’S BEGGAR, AND RECOMMENDS NON-DOLLAR DENOMINATED SECURITIES (IE., EURO,
SWISS FRANC, ETC., AND EMERGING FAR EAST MARKETS). aNOTHER MORE
CALIFORNIA/SENILE, ANALYST/BROKER WHO LIKE OTHERS HAVE LOST SUBSTANTIAL
MONIES FOR CLIENTS CITES LACK OF OF TRANSPARENCY AS VALUE OF HIS BUYS AND
HOLDS CONTINUES TO FALL WITH DOLLAR BUT TALKS SOME SPECULATIVE BUYS AND CASH.
A FINANCIAL TIMES EDITOR SAYS NO BOTTOM YET, THAT BY HISTORICAL STANDARDS THE
SCENARIO IS QUITE BAD FOR THE US, THAT BEAR STEARNS WAS NOT ALONE AMONG US
FIRMS IN THEIR PROBLEMS, THAT THE MARKET IS EXPECTING 1% PANIC CUT BY FED,
AND THAT THE US ECONOMY IS IN DEEP TROUBLE. 3-14-08 early surge based on false
benign inflation report (showing no change in retail inflation) from the
government gives way to reality that they can’t cover up/lie about (despite
intra-day suckers rally) when there is a run on large wall street investment
bank bear stearns (first such since the great depression) which cites
liquidity crisis as ny fed and jp morgan intervene with 28 day loan as bear
is holding high risk (worthless) assets which are illiquid (thinly
traded/can’t be sold) as reserves (they are not alone in this regard among
the frauds on wallstreet, etc., and only 2 days ago bear said balance sheet
stable), all time lows for the dollar, wsj reports majority of economists
think we’re in recession, michigan (non-washington non-fed gov’t report)
sentiment index at new 16 year low. One ANALYST SAYS DOLLAR WEAKNESS/LOWER
YIELDS/ECONOMIC CONCERNS WILL CONTINUE DOWNWARD TREND, INFLATION REPORT
SURPRISE/FOOLISH AND HIGHER INFLATION NUMBER FOR MARCH, CRESCENDO OF BAD NEWS
IN COMING WEEK AND LOOK FOR NEW LOWS/BOTTOM(?). OIL ANALYST CITES WEAK
DOLLAR/EASY MONEY FLOWS AND SAYS LOOK FOR OIL AT $120-$125. ANOTHER ANALYST
SAYS ITS TOO LATE FOR FED TO TURN THIS WRITEDOWN/SUBPRIME/ECONOMIC DOWNTURN
AROUND WITH BEAR ANOTHER $35-$70 BILLION BAD AND WHAT AFTER 28 DAY
LOAN-EXPECT TAKEOVER/NO MORE BEAR STEARNS. 3-13-08 SMART MONEY WOULD SELL
INTO THIS SUCKERS’ BEAR MARKET RALLY (TAKE PROFITS) WHICH IS BASED UPON B**L
S**T ALONE (NOTHING WHATSOEVER) AS STANDARD AND POORS ANALYST SAYS THE END OF
WRITEDOWNS MIGHT (BUT NOT QUITE) BE IN SIGHT (WHICH IS LIKE THAT BROKER WHO
SELLS STOCKS FOR A LIVING SAYING HE’S TRYING TO KEEP CLIENTS IN STOCKS
BECAUSE AT SOME POINT THEY’LL GO UP)…RIIIIIGHT….. WHICH IS MEANINGLESS COMING
FROM STANDARD AND POORS WHICH SHOULD BE ACCOUNTABLE/LIABLE (FOR THIS FRAUD)
ALONG WITH THE FRAUDS ON WALL STREET, ETC., FOR THE TRIPLE A RATED SECURITIES
ON THE BOOKS WHICH EVERYONE KNOWS ARE IN FACT NOT TRIPLE A (WORTHLESS JUNK
BONDS, ASSETS, ETC.) SPURRING 200+ POINT SWING TO THE UPSIDE. VAST MAJORITY
OF ECONOMISTS NOW SAY WE’RE IN RECESSION (EVEN DESPITE ELECTION YEAR
GIMMICKS-AS GOOD AS GETS). RETAIL SALES DOWN MORE THAN EXPECTED .6%,
FORECLOSURES UP 60% YEAR OVER YEAR, DOLLAR DOWN SHARPLY. ONE ANALYST SAYS
CONTINUED UNEMPLOYMENT/EMPLOYMENT WEAKNESS, PREMATURE TO SAY AS DID S&P
THAT WE’RE NEAR END OF WRITEDOWNS, MAJORITY OF ECONOMISTS NOW SAY WE’RE IN
RECESSION, HOUSING DOWNTURN MUCH FURTHER TO GO, VERY DEFENSIVE AS STOCKS
CONTINUE TO HIT NEW LOWS IN LARGE NUMBERS, WORST OF HOUSING CRISIS AHEAD, AND
THIS IS A BEAR MARKET IN A RECESSION ECONOMY. ANOTHER ECONOMIST/ANALYST SAYS
U.S. CURRENT ACCOUNT DEFICITS, LACK OF TRUST IN U.S. FINANCIAL INSTITUTIONS
AND TRIPLE A RATINGS (BONDS, ETC., WHICH EVERYONE KNOWS ARE NOT), BANKS’ NEED
FOR RECAPITALIZATION, LOW SAVINGS (IE., CONSUMERS USING IE., GIFT CARDS FOR
GROCERIES, ETC.), FED LOSING CREDIBILITY BY FLIP-FLOPS/WRONG MOVES, AND SEES
ONLY SHORT-COVERING RALLIES AT BEST. VENEZUELA SHIFT TO PAYMENT IN EUROS FOR
OIL OUT OF DOLLARS. YET ANOTHER ECONOMIST SAYS WITH MONEY SUPPLY INCREASING
AT EXORBITANT 27% PER ANNUM, CITING ECONOMIST FRIEDMAN SAYS
HYPER-INFLATIONARY (CONTRARY TO LAND OF FRUITS AND NUTS ECONOMISTS WHO THIS
DAY SEE LAND OF FRUITS AND NUTS REAL ESTATE DOWN 17.6%, SALES DOWN 40-45%,
AND MEDIAN HOME PRICES DOWN $100,000, AND BUDGET DEFICITS ACROSS THE BOARD).
3-12-08 VERY MODEST DROP IN STOCKS RELATIVE TO REALITY, DOLLAR DOWN SHARPLY
ON PANICKY FED KNEE JERK FUNNY MONEY ACTION, ONE ANALYST/BROKER WHO SELLS
STOCKS FOR A LIVING SAYS HE’S TRYING TO KEEP CLIENTS IN STOCKS BECAUSE AT
SOME POINT THEY’LL GO UP…..RIIIIIGHT…..REFERENCES THAT THIS IS WORST R.E.
DOWNTURN IN 100 YEARS AND NO BOTTOM YET IN R.E. AND WSJ SAYS WORSE TO COME IN
BAD PAPER (WRITEDOWNS, ETC.), AN OIL ANALYST SAYS RECORD HIGH OIL PRICES ARE
HEDGE AGAINST FALLING DOLLAR WITH A LOT OF DOLLARS RELATIVE TO GOODS (AS IE.,
OIL, OTHER COMMODITIES, ETC.-HYPERINFLATION) AND IF YOU HOLD DOLLARS/DOLLAR
DENOMINATED ASSETS/SECURITIES YOU LOSE VALUE AND SEES $4.00 GAS NATIONWIDE
WITH RECORD DIESEL, WHILE ANOTHER ANALYST SAYS THAT SEEING FED GO FROM LENDER
OF LAST RESORT TO LENDER (PRINTER) OF FIRST RESORT IS WORRISOME/TROUBLESOME.
3-11-08 Suckers’ bear market irrationally exuberant new EPHEMERAL bubble
rally on fed fear and trembling panic move TO ADD $200 BILLION IN WORLDWIDE
LIQUIDITY BY TEMPORARILY REPLACING (28 DAYS) ONE TYPE OF FUNNY-MONEY
(WORTHLESS SUBPRIME COLLATERALIZED DEBT) WITH ANOTHER LONGER TERM WORTHLESS
FUNNY-MONEY (U.S. DEBT WHICH CAN’T BE PAID BACK) WHICH IS A GREAT B.S.
TALKING POINT BUT JUST A DROP IN THE BUCKET CONSIDERING THE MAGNITUDE OF THE
UNDISCLOSED WRITEDOWNS/WORTHLESS PAPER BEING HELD(AND, CURING A BUBBLE WITH A
NEW BUBBLE-I DON'T THINK SO), ONE ANALYST POINTS TO THE HYPERINFLATIONARY
EFFECTS OF TOO MUCH LIQUIDITY CHASING TOO FEW GOODS AND MORE BAD NEWS TO COME
IN TECH SECTOR AND EARNINGS ALONG WITH MORE WRITEOFFS/WRITEDOWNS WITH WORSE
TO COME/NO BOTTOM YET AND HE REMAINS A BEAR, LAND OF FRUITS AND NUTS
ECONOMIST SAYS BAD BUT NOT TECHNICALLY RECESSION BASED ON GOVERNMENT
ELECTION-YEAR DATA (ONLY NUTS AND NUTS FROM THE LAND OF FRUITS AND NUTS
BELIEVE SAME) WHILE TWO OTHER ECONOMISTS SAY RECESSION WITH STRUCTURAL
PROBLEMS/HIGH INFLATION/LOWER DOLLAR AS FOREIGNERS/INVESTORS GET OUT OF
WORTHLESS DOLLAR WITH BIG TROUBLE FOR U.S. POST-ELECTION AS REALITY SETS IN,
TRADE GAP WIDENED, AND SMART MONEY WOULD SELL THIS RALLY/TAKE PROFITS.
3-10-08 MODEST DROP IN STOCKS RELATIVE TO REALITY, NEW BANK DOWNGRADES,
MORGAN SLASHES EARNINGS ESTIMATES FOR S&P AND SAYS ALREADY IN RECESSION,
EVEN MORE ECONOMISTS NOW SAY THE OBVIOUS/RECESSION, RUMOR THAT BEAR STERNS
WITH SUBSTANTIAL LIQUIDITY ISSUES IS GOING UNDER, DOLLAR DOWN, EARNINGS
ESTIMATES CUT ON CITIBANK AND BANKOFAMERICA, ONE ECONOMIST/ANALYST SAYS
(HYPERINFLATIONARY) HIGH ENERGY AND FOOD PRICES (CONVENIENTLY LEFT OUT OF THE
FED’S “TOUTED” CORE RATE) ARE SQUEEZING THE CONSUMER (AND HENCE,
CONSUMPTION/65% OF GDP) AND THAT COMMODITIES A BUBBLE AND MULTINATIONALS WITH
OVERSEAS EARNINGS/POSITVE CURRENCY TRANSLATION TO WEAKER DOLLAR PREFERRED, AN
OIL ANALYST SAYS $200 OIL POSSIBLE (REITERATING GOLDMAN) WITH CONTINUED
WEAKENING OF DOLLAR, ANOTHER ANALYST/JOURNALIST SAYS SELL DOLLAR DENOMINATED
STOCKS/SECURITIES/ASSETS WHICH HAVE MUCH FURTHER TO FALL AND REITERATES AS
DID BARRON’S THAT MORTGAGE INSURERS HAVE OVER $5 TRILLION IN DEBT/EXPOSURE
AND THAT MANY OF THE NATIONS BANKS ARE ALREADY INSOLVENT SO GET OUT OF THE
DOLLAR AND U.S. STOCKS. 3-7-08 BAD EMPLOYMENT/JOBS DATA across ALL SECTORS AS
63,000 JOBS LOST WITH DOWNWARD REVISIONS TO DECEMBER AND JANUARY (ACTUALLY
LOST 20,000) JOBS NUMBERS, ONE ANALYST SAYS WE’RE IN A RECESSION WHILE MORE
ECONOMISTS SAY RECESSION WITH ONE STATING THAT YOU ALMOST NEVER SEE
BACK-TO-BACK MONTHLY DECLINE IN EMPLOYMENT WITHOUT RECESSION AS NOW, DOLLAR
AT NEW RECORD LOWS, CONSUMERS INCREASED BORROWING TO STAY AFLOAT, WASHINGTON
MUTUAL FURTHER DOWNGRADES, SUPPORT LEVELS BROKEN TO THE DOWNSIDE, sentiment-
85% believe things will get worse. 3-6-08 MODEST DROP IN STOCKS RELATIVE TO
REALITY TO KEEP THE SUCKERS SUCKERED AND THE COMPUTERIZED COMMISSION TRADE
DOLLARS FLOWING. 23% INCREASE IN FORECLOSURES IN FOURTH QUARTER NEW RECORD
HIGH, DOLLAR AT NEW RECORD LOWS, 10% OF HOMES WITH 0 OR NEGATIVE EQUITY,
MORTGAGE BANKERS ASSOCIATION SAYS HOME FORECLOSURES AT ALL-TIME HIGH AND
GOING HIGHER, ONE R.E. ANALYST SAYS ROUGH YEAR AHEAD WITH FORECLOSURES AND
DEFAULTS UP, ONE ANALYST SAYS MARKET WILL TEST NEW LOWS/SUPPORT LEVELS WITH
FLIGHT TO “QUALITY”/TREASURIES, LENDER THORNBURG DEFAULTS AND ALONG WITH
WASHINGTON MUTUAL IS DOWNGRADED, CONTINUING CLAIMS FOR UNEMPLOYMENT AT HIGH
LEVELS MEANS COMPANIES SHRINKING, IGNORE KNEE-JERK ELECTION YEAR GOVERNMENT
HUNKY DORY FAKE REPORTS. 3-5-08 OIL INVENTORIES LESS THAN EXPECTED, FED BEIGE
BOOK CITES ECONOMIC WEAKNESS PARTICULARLY SINCE BEGINNING OF THE YEAR, LABOR
COSTS ROSE, RISING PRICE PRESSURES/STAGFLATION, RECESSION/BEAR MARKET, ONE
ANALYST SAYS TOUGH FIRST HALF RECOMMENDS MULTINATIONALS WITH 50% OVERSEAS
EARNINGS (FAVORABLE CURRENCY TRANSLATION) AND CONSUMER STAPLES/HEALTH
RELATED/DEFENSIVE STOCKS, AMBAC TO FLOAT STOCK TO SHORE UP BALANCE SHEET TO
TUNE OF $1.5 BILLION/DILUTION AND SHARES FALL $2 TO $8.70, OIL ANALYST CITES
DECLINE IN OIL INVENTORIES/DIESEL/JET FUEL AND WEAK DOLLAR AND TOP $108-$110
BUT $120-$130 IF VENEZUELA/COLUMBIA CONFLICT AND MORE RECORD HIGH GAS PRICES
TO COME, ANOTHER ECONOMIST/ANALYST SAYS CONTINUED DECLINE IN REAL
ESTATE/HOUSING WITH STARTS DOWN 15-20-40% ON WELL DESERVED PESSIMISM/CREDIT
CRUNCH. 3-4-08 Suckers’ bear market rally into the close based on b**l s**t
alone, viz., rumor/speculation about yet another bailout for wall
street/ambac/bond insurers and over 200 point swing to the upside based on
nothing whatsoever, one economist/analyst notes this is the deepest housing
decline since great depression, bernanke says another spike in foreclosures
ahead and proposes reduction of principal amounts in existing loans (sounds
like a plan…..riiiiight!), ken shreve finance editor investors business daily
says bear market 6-9 months/ don’t try to catch a falling knife as
institutions still selling/keep money safe in 3% money market for time being,
one oil analyst says oil higher before lower as expected rate cut will
further weaken dollar and drive up oil/commodities prices and problems in
consumer debt in addition to mortgages and nobody wants to hold dollars,
3-3-08 Suckers’ bear market rally into the close, yes we are in a recession
from someone who unlike the frauds on wall street has read security analysis
by graham, dodd, and cottle and understands it (warren buffet), all news
negative, ie., ism manufacturing index down to 48.3 (contraction), car sales
down at gm (-12%) and ford (-7%), construction spending down most in 14
years, oil analysts point to the new highs while economist/analyst says
dollar has fallen through all support levels meaning more bottoms to come,
INFLATION OUTPACING CONSUMER SPENDING (EVEN WITH SPENDING NUMBER HIGHER THAN
EXPECTED WHICH PROBABLY MEANS REALITY WAS NEGATIVE), CONSUMER
CONFIDENCE/SENTIMENT DOWN SHARPLY, CHICAGO MANUFACTURING INDEX DOWN
INDICATING CONTRACTION, $5.29 BILLION LOSS FOR AIG ON WRITEOFFS, INTRA DAY
HIGH FOR OIL OVER $103, INFLATION/WEAK DOLLAR/ECONOMIC WEAKNESS=STAGFLATION,
FOURTH MONTHLY DECLINE IN A ROW FOR STOCK MARKET, ONE ECONOMIST/ANALYST IF
NOT THEN ALMOST IN RECESSION WITH WORSE INFLATION NEWS AND INFLATION ADJUSTED
INCOME/SPENDING FLAT, ANOTHER ECONOMIST/ANALYST SAYS RECESSION AND CITES
NEGATIVE SAVINGS RATE AND FURTHER ECONOMIC WEAKNESS, ANALYST SAYS CONTINUED
ECONOMIC WEAKNESS WITH FURTHER DOLLAR DECLINE SO BULLISH ON METALS AND
BEARISH ON STOCKS, AND YET ANOTHER ECONOMIST/ANALYST SAYS INFLATION/RECESSION
BUT NOT DEPRESSION…..RIIIIIGHT, GDP GROWTH REPORTED MUCH LESS THAN EXPECTED
(BUT CLOSER TO REALITY) AT MINISCULE .6%, UNEMPLOYMENT CLAIMS JUMP 19,000 TO
373,000 AT HIGHEST LEVEL SINCE POST KATRINA, BERNANKE SAYS CONSUMER WORSE OFF
THAN JUST AFTER 911(?) AND THAT SOME BANKS COULD (WILL) FAIL AND THAT
STAGFLATION WILL NOT BE AS BAD AS THE 70’S, FANNIE MAE AND FREDDIE MAC SHOW
MASSIVE LOSSES, ONE ANALYST 50 YEARS IN THE BUSINESS SEES RECESSION AND SAYS
FINANCIALS HAVE BECOME IMPENETRABLE IN TERMS OF ANALYSIS/LOSSES, ANOTHER
ECONOMIST/ANALYST SAYS WE’RE NOWHERE NEAR IMPROVEMENT IN R.E./HOUSING MARKET,
YET ANOTHER ECONOMIST/ANALYST SAYS RECESSION WITH HIGHER INFLATION LOWER
GROWTH (STAGFLATION) AND THAT FED FORECASTS HAVE BEEN WRONG AND ONLY
RECESSION TO BRING DOWN INFLATION, new record LOW FOR DOLLAR AGAINST EURO AND
SWISS FRANC (AND EVEN WORTH LESS THAN THE LOWLY CANADIAN LOONEY, ETC.) WHICH
ALONG WITH DEFICIT SPENDING IS HYPERINFLATIONARY AS OIL SEES NEW INTRADAY
HIGH OF $102.64, SALES/ORDERS OF DURABLE GOODS DOWN MORE THAN EXPECTED 5.3%,
BERNANKE’S NEGATIVE COMMENTS ON GREENSPAN RECESSION PROMISES RATE CUTS FOR
NEW BUBBLE WHICH RALLIES STOCKS, ONE ANALYST SAYS BANKS AS THEIR OWN INSURERS
INCREASES RISK, ANOTHER ANALYST SAYS CONTINUED DEFICIT SPENDING INCREASES
INFLATIONARY PROBLEMS/RISK, FORECLOSURES/BANK REPO’S UP 90% YEAR OVER YEAR,
REGULATORS PREDICT OVER 100 BANK FAILURES, FORECLOSURES UP 57% IN JANUARY,
WHOLESALE INFLATION UP MUCH HIGHER THAN EXPECTED 7.5% (CORE RATE 4+%), 9%
DROP IN HOME VALUES/PRICES, CONSUMER CONFIDENCE DOWN TO 17 YEAR LOW, ELECTION
YEAR/PROTECT INCOMPETENT INCUMBENT GOV’T PRINTING WORTHLESS DOLLARS LIKE MAD
WITH EXCESS LIQUIDITY CHASING TOO FEW GOODS (IE., FOOD UP 6%, ETC.) WHICH IS
HYPER-INFLATIONARY, ECONOMIST/ANALYST DR. KELLNER SAYS EASIER MONEY/FISCAL
PACKAGE WON’T REFLATE HOUSING MARKET (RECESSION), ANOTHER ANALYST SAYS IN
BEAR MARKET/RECESSION RECOMMENDS DEFENSIVE/PREFERRED STOCKS/BONDS/CASH, DR.
SHILLER- CASE-SHILLER INDEX- HOME VALUES CONTINUED DECLINE AND IN OR ABOUT TO
ENTER RECESSION (that’s already here), Stiglitz Blames Greenspan For
Recession, IBM ON $15 BILLION BUYBACK AND JAWBONING AND SIGNIFICANT OVERSEAS
SALES (AND POSITIVE CURRENCY TRANSLATION TO THE WORTHLESS DOLLAR) RALLIES
MARKET (WHAT BULL S**T), SHARPLY LOWER AND MORE WORTHLESS DOLLAR/HIGH OIL
PRICE RALLY CREATES YET ANOTHER B.S. SWING OF OVER 200 POINTS TO THE UPSIDE,
FOOD PRICES UP 6% ON ETHANOL CROWD-OUT, HOME SALES DOWN 5.5% / MEDIAN SALES
PRICE DOWN 4.6%, ONE R.E. EXPERT SAYS WITH SALES FALLING AND FORECLOSURES
RISING WORSE YET TO COME, LEADING ECONOMIC INDICATORS FELL FOR FOURTH MONTH
IN A ROW (-.1%), PHILADELPHIA FED MANUFACTURING INDEX UNEXPECTEDLY AND
SIGNIFICANTLY LOWER (The Philadelphia Manufacturing Index fell to a -24, indicating
a sharp contraction in the region's manufacturing activity. Economists had
anticipated a reading of -10, a less pronounced contraction. Last month the
reading came in at -20.9.), ONE ECONOMIST/ANALYST SAYS SIGNIFICANT INFLATION
AND UNEMPLOYMENT-STAGFLATION-AHEAD ALONG WITH CONTINUED DEFLATION OF HOUSING
BUBBLE WITH NATIONWIDE AVERAGE PRICE DECLINE OF 8-10% AND ANOTHER DECLINE OF
15-20% TO COME. SUCKERS’ INTRA-DAY BEAR MARKET RALLY BASED UPON B**L S**T
ALONE (NOTHING WHATSOEVER) TO KEEP THE SUCKERS SUCKERED AND THE COMPUTERIZED
COMMISSION TRADE DOLLARS FLOWING. ) (DOW +420, NASDAQ +91, S&P +54)
[CLOSE- OIL $109.42(+$3.74) / GOLD $1003/ SILVER $19.96/ PLATINUM $1,968/
DOLLAR AT 1.57 AGAINST EURO, 100 YEN, BELOW 1 SWISS FRANC, ETC. (How low can
you go)]. Suckers’ bear market irrationally exuberant bubble rally on fed
fear and trembling panic move TO KEEP THE SUCKERS SUCKERED AND THE
COMPUTERIZED COMMISSION TRADE DOLLARS FLOWING. 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). SMART MONEY WOULD SELL ON ANY STRENGTH (TAKE PROFITS).
REALITY: THIS IS A BEAR MARKET IN A SECULAR BEAR MARKET IN A RECESSIVE
ECONOMY IN A SECULAR (AND QUITE PERMANENT-THEY’VE MADE ALL THE WRONG CHOICES)
ECONOMIC DOWNTREND IN THE U.S. 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.). Time to put the wall
street among other corporate frauds in jail and require fines, penalties and
disgorgement of their ill-gotten gains. [Please note: I seldom name
analysts/reporters/journalists bearing not so glad tidings for fear they’ll
be crucified by the frauds on wall street].
http://www.albertpeia.com/wallstreetlunacy10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/currentopics10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/currentopics10108.htm
http://www.albertpeia.com/wallstreetlunacy10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/currentopics10108.htm
http://www.albertpeia.com/wallstreetlunacy10108.htm
Gulf States Creep Away From Plunging Dollar March 17, 2008
Gulf States are set to follow former Fed chairman Alan Greenspan's advice and
dump their dollar peg following a benchmark meeting tomorrow, with analysts
predicting a slow but deliberate creep away from the greenback rather than an
imminent decoupling, a move that could have devastating consequences for the
American economy.
Wall Street waits for next domino to fall...
Eroding confidence stings bank shares...
FED GIVES ANOTHER QUARTER...
PAPER: Foreign investors veto Fed rescue...
The Dollar Doomsayers...
INTERVENTION?
Euro, Gold Hit New Records...
Bumbling bush: 'We're in Space Shuttle Challenger Times'...
3-month bill yield seen lowest in 50 years...
Fears mount over US economy
$175 for a Barrel of Oil? Commodities may have “explosive rallies” in the
next couple of years, with crude oil rising to $175 a barrel, according to
Goldman Sachs Group Inc.
Spitzer taken down by Mossad?
Corporate Media Snowjobs Dollar Crisis
Leading Economist: Dollar Faces Outright Collapse Another prominent economist
has warned that the bottom may soon drop out of the dollar completely as the
currency hits fresh lows and continues to sink worldwide.
Paul Craig Roberts: Watching the Dollar Die
Gold Futures Rise to Record $1,009 on Bear Stearns Bailout
http://www.albertpeia.com
http://www.albertpeia.com/currentopics10108.htm
http://www.albertpeia.com/wallstreetlunacy10108.htm
Banks face "new world order," consolidation: report
IMF chief says contagion risk ‘very high’
IMF, OECD hit alarm buttons for crisis-hit global financial system
Currency Strategists Warn of Intervention to Salvage U.S. Dollar
Turning Point For The Dollar?
Bear Stearns Rescue Is `Finger in Dike,' Scholars Say
Who Traded 55,000 Bear $30 Puts Tuesday?
Dollar sells off after Fed's emergency measures
Welcome to the Future: The Second Great Depression
NZ market hit by US meltdown
Stocks Mixed After Bear Stearns Deal
Oil plummets on economy worries
Greenspan: Economy Worst Since World War 2
Not Just Recession, Clinton Appointee Talking 'Depression'
Housing Predictor: Economy on the Edge of Depression
U.S. Futures, Global Stocks, Dollar Decline After Fed Cuts Rate
Dollar Doomsayers Draw Signs From Bernanke Rate Cuts
Dollar's nosedive stirs joint intervention jitters
Treasury Secretary refuses actions to strengthen dollar
Pound Slumps to Record Versus Euro After Fed Cuts Discount Rate
Fed acts Sunday to prevent global bank run Monday
Dollar dives to near 13-year low vs. yen
Bernanke Saves Bear Stearns While Americans Live In Tents
Global market panic sparks more gold buying, bullion near record
How bad is the mortgage crisis going to get?
Leading Economic Writer: Financial Meltdown A "Gigantic Fraud"
The Fed's Desperation Move
How to Destroy a Country in Five Years
Bearly Alive
Foreign Investor Flight from U.S. Debt and seeing red
We Are Being Bernanke’d Comparisons between 2008 and 1929 are predictive
programming to get you use to the idea
Stock Guru Granville: We’re in a Crash Octogenarians Joseph Granville and
Robert Stovall predict the worst. “We’re in a crash,” said Granville. “This
is the worst I’ve seen, and I’ve studied every bit of history all my life”
Welcome To The Second Great Depression
Last Friday we got a taste of what the future is likely to be like as we make
our way further into the belly of the second great depression
http://www.albertpeia.com
http://www.albertpeia.com/currentopics10108.htm
http://www.albertpeia.com/wallstreetlunacy10108.htm
SELL INTO STRENGTH /TAKE PROFITS/ SELL DOLLAR DENOMINATED SECURITIES
(3-17-08) (DOW +21, NASDAQ -35, S&P –11.6) [CLOSE- OIL $105.68 / GOLD
$1002.60 NEW RECORD/ SILVER $20.11/ PLATINUM $1,959/ DOLLAR AT NEW RECORD
LOWS AGAINST EURO ABOVE $1.59 INTRADAY, 95.72 YEN, BELOW 1 SWISS FRANC, ETC.
(HOW LOW CAN YOU GO)]. LUNATIC/FRAUDS 200+ POINT COMPUTERIZED BUY PROGRAM
SUCKERS’ BEAR MARKET/SHORT-COVERING RALLY TO THE UPSIDE BASED UPON NOTHING
WHATSOEVER THAT HASN’T ALREADY BEEN DISCOUNTED (IE., MORE RATE CUTS BY FED IN
PANIC MODE, ETC.). 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). INDUSTRIAL PRODUCTION
FELL A GREATER THAN EXPECTED ONE-HALF OF 1%. ONE ANALYST CITES NEW LOWS FOR
DOLLAR AND SUBSTANTIAL MOVE BY FED ALREADY DISCOUNTED (.75%). ANOTHER ANALYST
CITES WEAKER DOLLAR AND SLOWER ECONOMY IMPACTING DEMAND (IE., FOR GOODS,
ETC., AND HENCE, COMMODITY PRICES, HENCE LOWER OIL PRICE THIS DAY), CITES
THIS DAYS SHORT-COVERING RALLY AND RECOMEMMENDS MULTINATIONALS WITH OVERSEAS
EARNINGS (POSITIVE CURRENCY TRANSLATION) AND OVERSEAS NON-DOLLAR DENOMINATED
SECURITIES (UTILITIES, ETC.). YET ANOTHER ECONOMIST/ANALYST CITES BUSINESS
MODELS COMPARABLE TO BEAR STEARNS IN FINANCIAL SECTOR(PROBLEMS WITH HEDGE
FUNDS/INVESTMENT BANKS) WHICH HAS PROVEN INABILITY TO MANAGE THEIR OWN
AFFAIRS SAYING DEREGULATION A DISASTER AND REREGULATION A CURE, NO END TO
FALL IN DOLLAR AS US BECOMES WORLD’S BEGGAR, AND RECOMMENDS NON-DOLLAR
DENOMINATED SECURITIES (IE., EURO, SWISS FRANC, ETC., AND EMERGING FAR EAST
MARKETS). ANOTHER MORE CALIFORNIA/SENILE, ANALYST/BROKER WHO LIKE OTHERS HAVE
LOST SUBSTANTIAL MONIES FOR CLIENTS CITES LACK OF OF TRANSPARENCY AS VALUE OF
HIS BUYS AND HOLDS CONTINUES TO FALL WITH DOLLAR BUT TALKS SOME SPECULATIVE
BUYS AND CASH. A FINANCIAL TIMES EDITOR SAYS NO BOTTOM YET, THAT BY
HISTORICAL STANDARDS THE SCENARIO IS QUITE BAD FOR THE US, THAT BEAR STEARNS
WAS NOT ALONE AMONG US FIRMS IN THEIR PROBLEMS, THAT THE MARKET IS EXPECTING
1% PANIC CUT BY FED, AND THAT THE US ECONOMY IS IN DEEP TROUBLE. 3-14-08
EARLY SURGE BASED ON FALSE BENIGN INFLATION REPORT (SHOWING NO CHANGE IN
RETAIL INFLATION) FROM THE GOVERNMENT GIVES WAY TO REALITY THAT THEY CAN’T
COVER UP/LIE ABOUT (DESPITE INTRA-DAY SUCKERS RALLY) WHEN THERE IS A RUN ON
LARGE WALL STREET INVESTMENT BANK BEAR STEARNS (FIRST SUCH SINCE THE GREAT
DEPRESSION) WHICH CITES LIQUIDITY CRISIS AS NY FED AND JP MORGAN INTERVENE
WITH 28 DAY LOAN AS BEAR IS HOLDING HIGH RISK (WORTHLESS) ASSETS WHICH ARE
ILLIQUID (THINLY TRADED/CAN’T BE SOLD) AS RESERVES (THEY ARE NOT ALONE IN
THIS REGARD AMONG THE FRAUDS ON WALLSTREET, ETC., AND ONLY 2 DAYS AGO BEAR
SAID BALANCE SHEET STABLE), ALL TIME LOWS FOR THE DOLLAR, WSJ REPORTS
MAJORITY OF ECONOMISTS THINK WE’RE IN RECESSION, MICHIGAN (NON-WASHINGTON
NON-FED GOV’T REPORT) SENTIMENT INDEX AT NEW 16 YEAR LOW. ONE ANALYST SAYS
DOLLAR WEAKNESS/LOWER YIELDS/ECONOMIC CONCERNS WILL CONTINUE DOWNWARD TREND,
INFLATION REPORT SURPRISE/FOOLISH AND HIGHER INFLATION NUMBER FOR MARCH,
CRESCENDO OF BAD NEWS IN COMING WEEK AND LOOK FOR NEW LOWS/BOTTOM(?). OIL ANALYST
CITES WEAK DOLLAR/EASY MONEY FLOWS AND SAYS LOOK FOR OIL AT $120-$125.
ANOTHER ANALYST SAYS ITS TOO LATE FOR FED TO TURN THIS
WRITEDOWN/SUBPRIME/ECONOMIC DOWNTURN AROUND WITH BEAR ANOTHER $35-$70 BILLION
BAD AND WHAT AFTER 28 DAY LOAN-EXPECT TAKEOVER/NO MORE BEAR STEARNS. 3-13-08
SMART MONEY WOULD SELL INTO THIS SUCKERS’ BEAR MARKET RALLY (TAKE PROFITS)
WHICH IS BASED UPON B**L S**T ALONE (NOTHING WHATSOEVER) AS STANDARD AND
POORS ANALYST SAYS THE END OF WRITEDOWNS MIGHT (BUT NOT QUITE) BE IN SIGHT (WHICH
IS LIKE THAT BROKER WHO SELLS STOCKS FOR A LIVING SAYING HE’S TRYING TO KEEP
CLIENTS IN STOCKS BECAUSE AT SOME POINT THEY’LL GO UP)…RIIIIIGHT….. WHICH IS
MEANINGLESS COMING FROM STANDARD AND POORS WHICH SHOULD BE ACCOUNTABLE/LIABLE
(FOR THIS FRAUD) ALONG WITH THE FRAUDS ON WALL STREET, ETC., FOR THE TRIPLE A
RATED SECURITIES ON THE BOOKS WHICH EVERYONE KNOWS ARE IN FACT NOT TRIPLE A
(WORTHLESS JUNK BONDS, ASSETS, ETC.) SPURRING 200+ POINT SWING TO THE UPSIDE.
VAST MAJORITY OF ECONOMISTS NOW SAY WE’RE IN RECESSION (EVEN DESPITE ELECTION
YEAR GIMMICKS-AS GOOD AS GETS). RETAIL SALES DOWN MORE THAN EXPECTED .6%,
FORECLOSURES UP 60% YEAR OVER YEAR, DOLLAR DOWN SHARPLY. ONE ANALYST SAYS
CONTINUED UNEMPLOYMENT/EMPLOYMENT WEAKNESS, PREMATURE TO SAY AS DID S&P THAT
WE’RE NEAR END OF WRITEDOWNS, MAJORITY OF ECONOMISTS NOW SAY WE’RE IN
RECESSION, HOUSING DOWNTURN MUCH FURTHER TO GO, VERY DEFENSIVE AS STOCKS
CONTINUE TO HIT NEW LOWS IN LARGE NUMBERS, WORST OF HOUSING CRISIS AHEAD, AND
THIS IS A BEAR MARKET IN A RECESSION ECONOMY. ANOTHER ECONOMIST/ANALYST SAYS
U.S. CURRENT ACCOUNT DEFICITS, LACK OF TRUST IN U.S. FINANCIAL INSTITUTIONS
AND TRIPLE A RATINGS (BONDS, ETC., WHICH EVERYONE KNOWS ARE NOT), BANKS’ NEED
FOR RECAPITALIZATION, LOW SAVINGS (IE., CONSUMERS USING IE., GIFT CARDS FOR
GROCERIES, ETC.), FED LOSING CREDIBILITY BY FLIP-FLOPS/WRONG MOVES, AND SEES
ONLY SHORT-COVERING RALLIES AT BEST. VENEZUELA SHIFT TO PAYMENT IN EUROS FOR
OIL OUT OF DOLLARS. YET ANOTHER ECONOMIST SAYS WITH MONEY SUPPLY INCREASING
AT EXORBITANT 27% PER ANNUM, CITING ECONOMIST FRIEDMAN SAYS
HYPER-INFLATIONARY (CONTRARY TO LAND OF FRUITS AND NUTS ECONOMISTS WHO THIS
DAY SEE LAND OF FRUITS AND NUTS REAL ESTATE DOWN 17.6%, SALES DOWN 40-45%,
AND MEDIAN HOME PRICES DOWN $100,000, AND BUDGET DEFICITS ACROSS THE BOARD).
3-12-08VERY MODEST DROP IN STOCKS RELATIVE TO REALITY, DOLLAR DOWN SHARPLY ON
PANICKY FED KNEE JERK FUNNY MONEY ACTION, ONE ANALYST/BROKER WHO SELLS STOCKS
FOR A LIVING SAYS HE’S TRYING TO KEEP CLIENTS IN STOCKS BECAUSE AT SOME POINT
THEY’LL GO UP…..RIIIIIGHT…..REFERENCES THAT THIS IS WORST R.E. DOWNTURN IN
100 YEARS AND NO BOTTOM YET IN R.E. AND WSJ SAYS WORSE TO COME IN BAD PAPER
(WRITEDOWNS, ETC.), AN OIL ANALYST SAYS RECORD HIGH OIL PRICES ARE HEDGE
AGAINST FALLING DOLLAR WITH A LOT OF DOLLARS RELATIVE TO GOODS (AS IE., OIL,
OTHER COMMODITIES, ETC.-HYPERINFLATION) AND IF YOU HOLD DOLLARS/DOLLAR
DENOMINATED ASSETS/SECURITIES YOU LOSE VALUE AND SEES $4.00 GAS NATIONWIDE
WITH RECORD DIESEL, WHILE ANOTHER ANALYST SAYS THAT SEEING FED GO FROM LENDER
OF LAST RESORT TO LENDER (PRINTER) OF FIRST RESORT IS WORRISOME/TROUBLESOME.
3-11-08 SUCKERS’ BEAR MARKET IRRATIONALLY EXUBERANT NEW EPHEMERAL BUBBLE
RALLY ON FED FEAR AND TREMBLING PANIC MOVE TO ADD $200 BILLION IN WORLDWIDE
LIQUIDITY BY TEMPORARILY REPLACING (28 DAYS) ONE TYPE OF FUNNY-MONEY
(WORTHLESS SUBPRIME COLLATERALIZED DEBT) WITH ANOTHER LONGER TERM WORTHLESS
FUNNY-MONEY (U.S. DEBT WHICH CAN’T BE PAID BACK) WHICH IS A GREAT B.S.
TALKING POINT BUT JUST A DROP IN THE BUCKET CONSIDERING THE MAGNITUDE OF THE
UNDISCLOSED WRITEDOWNS/WORTHLESS PAPER BEING HELD(AND, CURING A BUBBLE WITH A
NEW BUBBLE-I DON'T THINK SO), ONE ANALYST POINTS TO THE HYPERINFLATIONARY
EFFECTS OF TOO MUCH LIQUIDITY CHASING TOO FEW GOODS AND MORE BAD NEWS TO COME
IN TECH SECTOR AND EARNINGS ALONG WITH MORE WRITEOFFS/WRITEDOWNS WITH WORSE
TO COME/NO BOTTOM YET AND HE REMAINS A BEAR, LAND OF FRUITS AND NUTS
ECONOMIST SAYS BAD BUT NOT TECHNICALLY RECESSION BASED ON GOVERNMENT
ELECTION-YEAR DATA (ONLY NUTS AND NUTS FROM THE LAND OF FRUITS AND NUTS
BELIEVE SAME) WHILE TWO OTHER ECONOMISTS SAY RECESSION WITH STRUCTURAL
PROBLEMS/HIGH INFLATION/LOWER DOLLAR AS FOREIGNERS/INVESTORS GET OUT OF
WORTHLESS DOLLAR WITH BIG TROUBLE FOR U.S. POST-ELECTION AS REALITY SETS IN,
TRADE GAP WIDENED, AND SMART MONEY WOULD SELL THIS RALLY/TAKE PROFITS.
3-10-08 MODEST DROP IN STOCKS RELATIVE TO REALITY, NEW BANK DOWNGRADES,
MORGAN SLASHES EARNINGS ESTIMATES FOR S&P AND SAYS ALREADY IN RECESSION,
EVEN MORE ECONOMISTS NOW SAY THE OBVIOUS/RECESSION, RUMOR THAT BEAR STERNS
WITH SUBSTANTIAL LIQUIDITY ISSUES IS GOING UNDER, DOLLAR DOWN, EARNINGS
ESTIMATES CUT ON CITIBANK AND BANKOFAMERICA, ONE ECONOMIST/ANALYST SAYS
(HYPERINFLATIONARY) HIGH ENERGY AND FOOD PRICES (CONVENIENTLY LEFT OUT OF THE
FED’S “TOUTED” CORE RATE) ARE SQUEEZING THE CONSUMER (AND HENCE,
CONSUMPTION/65% OF GDP) AND THAT COMMODITIES A BUBBLE AND MULTINATIONALS WITH
OVERSEAS EARNINGS/POSITVE CURRENCY TRANSLATION TO WEAKER DOLLAR PREFERRED, AN
OIL ANALYST SAYS $200 OIL POSSIBLE (REITERATING GOLDMAN) WITH CONTINUED
WEAKENING OF DOLLAR, ANOTHER ANALYST/JOURNALIST SAYS SELL DOLLAR DENOMINATED
STOCKS/SECURITIES/ASSETS WHICH HAVE MUCH FURTHER TO FALL AND REITERATES AS
DID BARRON’S THAT MORTGAGE INSURERS HAVE OVER $5 TRILLION IN DEBT/EXPOSURE
AND THAT MANY OF THE NATIONS BANKS ARE ALREADY INSOLVENT SO GET OUT OF THE
DOLLAR AND U.S. STOCKS. 3-7-08 BAD EMPLOYMENT/JOBS DATA ACROSS ALL SECTORS AS
63,000 JOBS LOST WITH DOWNWARD REVISIONS TO DECEMBER AND JANUARY (ACTUALLY
LOST 20,000) JOBS NUMBERS, ONE ANALYST SAYS WE’RE IN A RECESSION WHILE MORE
ECONOMISTS SAY RECESSION WITH ONE STATING THAT YOU ALMOST NEVER SEE
BACK-TO-BACK MONTHLY DECLINE IN EMPLOYMENT WITHOUT RECESSION AS NOW, DOLLAR
AT NEW RECORD LOWS, CONSUMERS INCREASED BORROWING TO STAY AFLOAT, WASHINGTON
MUTUAL FURTHER DOWNGRADES, SUPPORT LEVELS BROKEN TO THE DOWNSIDE, SENTIMENT-
85% BELIEVE THINGS WILL GET WORSE. 3-6-08 MODEST DROP IN STOCKS RELATIVE TO
REALITY TO KEEP THE SUCKERS SUCKERED AND THE COMPUTERIZED COMMISSION TRADE
DOLLARS FLOWING. 23% INCREASE IN FORECLOSURES IN FOURTH QUARTER NEW RECORD
HIGH, DOLLAR AT NEW RECORD LOWS, 10% OF HOMES WITH 0 OR NEGATIVE EQUITY,
MORTGAGE BANKERS ASSOCIATION SAYS HOME FORECLOSURES AT ALL-TIME HIGH AND
GOING HIGHER, ONE R.E. ANALYST SAYS ROUGH YEAR AHEAD WITH FORECLOSURES AND
DEFAULTS UP, ONE ANALYST SAYS MARKET WILL TEST NEW LOWS/SUPPORT LEVELS WITH
FLIGHT TO “QUALITY”/TREASURIES, LENDER THORNBURG DEFAULTS AND ALONG WITH
WASHINGTON MUTUAL IS DOWNGRADED, CONTINUING CLAIMS FOR UNEMPLOYMENT AT HIGH
LEVELS MEANS COMPANIES SHRINKING, IGNORE KNEE-JERK ELECTION YEAR GOVERNMENT
HUNKY DORY FAKE REPORTS. 3-5-08 OIL INVENTORIES LESS THAN EXPECTED, FED BEIGE
BOOK CITES ECONOMIC WEAKNESS PARTICULARLY SINCE BEGINNING OF THE YEAR, LABOR
COSTS ROSE, RISING PRICE PRESSURES/STAGFLATION, RECESSION/BEAR MARKET, ONE
ANALYST SAYS TOUGH FIRST HALF RECOMMENDS MULTINATIONALS WITH 50% OVERSEAS
EARNINGS (FAVORABLE CURRENCY TRANSLATION) AND CONSUMER STAPLES/HEALTH
RELATED/DEFENSIVE STOCKS, AMBAC TO FLOAT STOCK TO SHORE UP BALANCE SHEET TO
TUNE OF $1.5 BILLION/DILUTION AND SHARES FALL $2 TO $8.70, OIL ANALYST CITES
DECLINE IN OIL INVENTORIES/DIESEL/JET FUEL AND WEAK DOLLAR AND TOP $108-$110
BUT $120-$130 IF VENEZUELA/COLUMBIA CONFLICT AND MORE RECORD HIGH GAS PRICES
TO COME, ANOTHER ECONOMIST/ANALYST SAYS CONTINUED DECLINE IN REAL
ESTATE/HOUSING WITH STARTS DOWN 15-20-40% ON WELL DESERVED PESSIMISM/CREDIT
CRUNCH. 3-4-08 SUCKERS’ BEAR MARKET RALLY INTO THE CLOSE BASED ON B**L S**T
ALONE, VIZ., RUMOR/SPECULATION ABOUT YET ANOTHER BAILOUT FOR WALL
STREET/AMBAC/BOND INSURERS AND OVER 200 POINT SWING TO THE UPSIDE BASED ON
NOTHING WHATSOEVER, ONE ECONOMIST/ANALYST NOTES THIS IS THE DEEPEST HOUSING
DECLINE SINCE GREAT DEPRESSION, BERNANKE SAYS ANOTHER SPIKE IN FORECLOSURES
AHEAD AND PROPOSES REDUCTION OF PRINCIPAL AMOUNTS IN EXISTING LOANS (SOUNDS
LIKE A PLAN…..RIIIIIGHT!), KEN SHREVE FINANCE EDITOR INVESTORS BUSINESS DAILY
SAYS BEAR MARKET 6-9 MONTHS/ DON’T TRY TO CATCH A FALLING KNIFE AS
INSTITUTIONS STILL SELLING/KEEP MONEY SAFE IN 3% MONEY MARKET FOR TIME BEING,
ONE OIL ANALYST SAYS OIL HIGHER BEFORE LOWER AS EXPECTED RATE CUT WILL
FURTHER WEAKEN DOLLAR AND DRIVE UP OIL/COMMODITIES PRICES AND PROBLEMS IN
CONSUMER DEBT IN ADDITION TO MORTGAGES AND NOBODY WANTS TO HOLD DOLLARS,
3-3-08 SUCKERS’ BEAR MARKET RALLY INTO THE CLOSE, YES WE ARE IN A RECESSION
FROM SOMEONE WHO UNLIKE THE FRAUDS ON WALL STREET HAS READ SECURITY ANALYSIS
BY GRAHAM, DODD, AND COTTLE AND UNDERSTANDS IT (WARREN BUFFET), ALL NEWS
NEGATIVE, IE., ISM MANUFACTURING INDEX DOWN TO 48.3 (CONTRACTION), CAR SALES
DOWN AT GM (-12%) AND FORD (-7%), CONSTRUCTION SPENDING DOWN MOST IN 14
YEARS, OIL ANALYSTS POINT TO THE NEW HIGHS WHILE ECONOMIST/ANALYST SAYS
DOLLAR HAS FALLEN THROUGH ALL SUPPORT LEVELS MEANING MORE BOTTOMS TO COME, INFLATION
OUTPACING CONSUMER SPENDING (EVEN WITH SPENDING NUMBER HIGHER THAN EXPECTED
WHICH PROBABLY MEANS REALITY WAS NEGATIVE), CONSUMER CONFIDENCE/SENTIMENT
DOWN SHARPLY, CHICAGO MANUFACTURING INDEX DOWN INDICATING CONTRACTION, $5.29
BILLION LOSS FOR AIG ON WRITEOFFS, INTRA DAY HIGH FOR OIL OVER $103,
INFLATION/WEAK DOLLAR/ECONOMIC WEAKNESS=STAGFLATION, FOURTH MONTHLY DECLINE
IN A ROW FOR STOCK MARKET, ONE ECONOMIST/ANALYST IF NOT THEN ALMOST IN
RECESSION WITH WORSE INFLATION NEWS AND INFLATION ADJUSTED INCOME/SPENDING
FLAT, ANOTHER ECONOMIST/ANALYST SAYS RECESSION AND CITES NEGATIVE SAVINGS
RATE AND FURTHER ECONOMIC WEAKNESS, ANALYST SAYS CONTINUED ECONOMIC WEAKNESS
WITH FURTHER DOLLAR DECLINE SO BULLISH ON METALS AND BEARISH ON STOCKS, AND
YET ANOTHER ECONOMIST/ANALYST SAYS INFLATION/RECESSION BUT NOT
DEPRESSION…..RIIIIIGHT, GDP GROWTH REPORTED MUCH LESS THAN EXPECTED (BUT
CLOSER TO REALITY) AT MINISCULE .6%, UNEMPLOYMENT CLAIMS JUMP 19,000 TO
373,000 AT HIGHEST LEVEL SINCE POST KATRINA, BERNANKE SAYS CONSUMER WORSE OFF
THAN JUST AFTER 911(?) AND THAT SOME BANKS COULD (WILL) FAIL AND THAT
STAGFLATION WILL NOT BE AS BAD AS THE 70’S, FANNIE MAE AND FREDDIE MAC SHOW
MASSIVE LOSSES, ONE ANALYST 50 YEARS IN THE BUSINESS SEES RECESSION AND SAYS
FINANCIALS HAVE BECOME IMPENETRABLE IN TERMS OF ANALYSIS/LOSSES, ANOTHER
ECONOMIST/ANALYST SAYS WE’RE NOWHERE NEAR IMPROVEMENT IN R.E./HOUSING MARKET,
YET ANOTHER ECONOMIST/ANALYST SAYS RECESSION WITH HIGHER INFLATION LOWER
GROWTH (STAGFLATION) AND THAT FED FORECASTS HAVE BEEN WRONG AND ONLY
RECESSION TO BRING DOWN INFLATION, NEW RECORD LOW FOR DOLLAR AGAINST EURO AND
SWISS FRANC (AND EVEN WORTH LESS THAN THE LOWLY CANADIAN LOONEY, ETC.) WHICH
ALONG WITH DEFICIT SPENDING IS HYPERINFLATIONARY AS OIL SEES NEW INTRADAY
HIGH OF $102.64, SALES/ORDERS OF DURABLE GOODS DOWN MORE THAN EXPECTED 5.3%,
BERNANKE’S NEGATIVE COMMENTS ON GREENSPAN RECESSION PROMISES RATE CUTS FOR
NEW BUBBLE WHICH RALLIES STOCKS, ONE ANALYST SAYS BANKS AS THEIR OWN INSURERS
INCREASES RISK, ANOTHER ANALYST SAYS CONTINUED DEFICIT SPENDING INCREASES
INFLATIONARY PROBLEMS/RISK, FORECLOSURES/BANK REPO’S UP 90% YEAR OVER YEAR,
REGULATORS PREDICT OVER 100 BANK FAILURES, FORECLOSURES UP 57% IN JANUARY,
WHOLESALE INFLATION UP MUCH HIGHER THAN EXPECTED 7.5% (CORE RATE 4+%), 9%
DROP IN HOME VALUES/PRICES, CONSUMER CONFIDENCE DOWN TO 17 YEAR LOW, ELECTION
YEAR/PROTECT INCOMPETENT INCUMBENT GOV’T PRINTING WORTHLESS DOLLARS LIKE MAD
WITH EXCESS LIQUIDITY CHASING TOO FEW GOODS (IE., FOOD UP 6%, ETC.) WHICH IS
HYPER-INFLATIONARY, ECONOMIST/ANALYST DR. KELLNER SAYS EASIER MONEY/FISCAL
PACKAGE WON’T REFLATE HOUSING MARKET (RECESSION), ANOTHER ANALYST SAYS IN
BEAR MARKET/RECESSION RECOMMENDS DEFENSIVE/PREFERRED STOCKS/BONDS/CASH, DR.
SHILLER- CASE-SHILLER INDEX- HOME VALUES CONTINUED DECLINE AND IN OR ABOUT TO
ENTER RECESSION (THAT’S ALREADY HERE), Stiglitz Blames Greenspan For
Recession, IBM ON $15 BILLION BUYBACK AND JAWBONING AND SIGNIFICANT OVERSEAS
SALES (AND POSITIVE CURRENCY TRANSLATION TO THE WORTHLESS DOLLAR) RALLIES MARKET
(WHAT BULL S**T), SHARPLY LOWER AND MORE WORTHLESS DOLLAR/HIGH OIL PRICE
RALLY CREATES YET ANOTHER B.S. SWING OF OVER 200 POINTS TO THE UPSIDE, FOOD
PRICES UP 6% ON ETHANOL CROWD-OUT, HOME SALES DOWN 5.5% / MEDIAN SALES PRICE
DOWN 4.6%, ONE R.E. EXPERT SAYS WITH SALES FALLING AND FORECLOSURES RISING
WORSE YET TO COME, LEADING ECONOMIC INDICATORS FELL FOR FOURTH MONTH IN A ROW
(-.1%), PHILADELPHIA FED MANUFACTURING INDEX UNEXPECTEDLY AND SIGNIFICANTLY
LOWER (THE PHILADELPHIA MANUFACTURING INDEX FELL TO A -24, INDICATING A SHARP
CONTRACTION IN THE REGION'S MANUFACTURING ACTIVITY. ECONOMISTS HAD
ANTICIPATED A READING OF -10, A LESS PRONOUNCED CONTRACTION. LAST MONTH THE
READING CAME IN AT -20.9.), ONE ECONOMIST/ANALYST SAYS SIGNIFICANT INFLATION
AND UNEMPLOYMENT-STAGFLATION-AHEAD ALONG WITH CONTINUED DEFLATION OF HOUSING
BUBBLE WITH NATIONWIDE AVERAGE PRICE DECLINE OF 8-10% AND ANOTHER DECLINE OF
15-20% TO COME. SUCKERS’ INTRA-DAY BEAR MARKET RALLY BASED UPON B**L S**T
ALONE (NOTHING WHATSOEVER) TO KEEP THE SUCKERS SUCKERED AND THE COMPUTERIZED
COMMISSION TRADE DOLLARS FLOWING. ) (DOW +21, NASDAQ -35, S&P –11.6)
[CLOSE- OIL $105.68 / GOLD $1002.60 NEW RECORD/ SILVER $20.11/ PLATINUM
$1,959/ DOLLAR AT NEW RECORD LOWS AGAINST EURO ABOVE $1.59 INTRADAY, 95.72
YEN, BELOW 1 SWISS FRANC, ETC. (HOW LOW CAN YOU GO)]. LUNATIC/FRAUDS SUCKERS’
BEAR MARKET/SHORT-COVERING RALLY BASED UPON NOTHING WHATSOEVER. 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). SMART MONEY WOULD SELL ON ANY STRENGTH (TAKE
PROFITS). REALITY: THIS IS A BEAR MARKET IN A SECULAR BEAR MARKET IN A
RECESSIVE ECONOMY IN A SECULAR (AND QUITE PERMANENT-THEY’VE MADE ALL THE
WRONG CHOICES) ECONOMIC DOWNTREND IN THE U.S. 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.). TIME TO PUT THE WALL STREET AMONG OTHER CORPORATE FRAUDS IN JAIL AND
REQUIRE FINES, PENALTIES AND DISGORGEMENT OF THEIR ILL-GOTTEN GAINS. [PLEASE
NOTE: I SELDOM NAME ANALYSTS/REPORTERS/JOURNALISTS BEARING NOT SO GLAD
TIDINGS FOR FEAR THEY’LL BE CRUCIFIED BY THE FRAUDS ON WALL STREET].
http://www.albertpeia.com/wallstreetlunacy10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/currentopics10108.htm
Gulf States are set to follow former Fed chairman Alan Greenspan's advice and
dump their dollar peg following a benchmark meeting tomorrow, with analysts
predicting a slow but deliberate creep away from the greenback rather than an
imminent decoupling, a move that could have devastating consequences for the
American economy.
http://www.albertpeia.com/wallstreetlunacy10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/currentopics10108.htm
Indeed, it is somewhat surprising that there is not already rioting in the
streets, given the gigantic fraud perpetrated by the financial elite at the
expense of ordinary Americans.[...]Business, of course, needs consumers to
carry on spending in order to make money, so a way had to be found to
persuade households to do their patriotic duty. The method chosen was simple.
Whip up a colossal housing bubble, convince consumers that it makes sense to
borrow money against the rising value of their homes to supplement their
meagre real wage growth and watch the profits roll in. As they did - for a
while. Now it's payback time and the mood could get very ugly. Americans, to
put it bluntly, have been conned. They have been duped by a bunch of
serpent-tongued hucksters who packed up the wagon and made it across the
county line before a lynch mob could be formed.
http://www.albertpeia.com
http://www.albertpeia.com/currentopics10108.htm
http://www.albertpeia.com/wallstreetlunacy10108.htm
SELL INTO STRENGTH /TAKE PROFITS/ SELL DOLLAR DENOMINATED SECURITIES
(3-17-08) (DOW +21, NASDAQ -35, S&P –11.6) [CLOSE- OIL $105.68 / GOLD
$1002.60 NEW RECORD/ SILVER $20.11/ PLATINUM $1,959/ DOLLAR AT NEW RECORD
LOWS AGAINST EURO ABOVE $1.59 INTRADAY, 95.72 YEN, BELOW 1 SWISS FRANC, ETC.
(HOW LOW CAN YOU GO)]. LUNATIC/FRAUDS 200+ POINT COMPUTERIZED BUY PROGRAM
SUCKERS’ BEAR MARKET/SHORT-COVERING RALLY TO THE UPSIDE BASED UPON NOTHING
WHATSOEVER THAT HASN’T ALREADY BEEN DISCOUNTED (IE., MORE RATE CUTS BY FED IN
PANIC MODE, ETC.). 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). INDUSTRIAL PRODUCTION
FELL A GREATER THAN EXPECTED ONE-HALF OF 1%. ONE ANALYST CITES NEW LOWS FOR
DOLLAR AND SUBSTANTIAL MOVE BY FED ALREADY DISCOUNTED (.75%). ANOTHER ANALYST
CITES WEAKER DOLLAR AND SLOWER ECONOMY IMPACTING DEMAND (IE., FOR GOODS,
ETC., AND HENCE, COMMODITY PRICES, HENCE LOWER OIL PRICE THIS DAY), CITES
THIS DAYS SHORT-COVERING RALLY AND RECOMEMMENDS MULTINATIONALS WITH OVERSEAS
EARNINGS (POSITIVE CURRENCY TRANSLATION) AND OVERSEAS NON-DOLLAR DENOMINATED
SECURITIES (UTILITIES, ETC.). YET ANOTHER ECONOMIST/ANALYST CITES BUSINESS
MODELS COMPARABLE TO BEAR STEARNS IN FINANCIAL SECTOR(PROBLEMS WITH HEDGE
FUNDS/INVESTMENT BANKS) WHICH HAS PROVEN INABILITY TO MANAGE THEIR OWN
AFFAIRS SAYING DEREGULATION A DISASTER AND REREGULATION A CURE, NO END TO
FALL IN DOLLAR AS US BECOMES WORLD’S BEGGAR, AND RECOMMENDS NON-DOLLAR
DENOMINATED SECURITIES (IE., EURO, SWISS FRANC, ETC., AND EMERGING FAR EAST
MARKETS). ANOTHER MORE CALIFORNIA/SENILE, ANALYST/BROKER WHO LIKE OTHERS HAVE
LOST SUBSTANTIAL MONIES FOR CLIENTS CITES LACK OF OF TRANSPARENCY AS VALUE OF
HIS BUYS AND HOLDS CONTINUES TO FALL WITH DOLLAR BUT TALKS SOME SPECULATIVE
BUYS AND CASH. A FINANCIAL TIMES EDITOR SAYS NO BOTTOM YET, THAT BY
HISTORICAL STANDARDS THE SCENARIO IS QUITE BAD FOR THE US, THAT BEAR STEARNS
WAS NOT ALONE AMONG US FIRMS IN THEIR PROBLEMS, THAT THE MARKET IS EXPECTING
1% PANIC CUT BY FED, AND THAT THE US ECONOMY IS IN DEEP TROUBLE. 3-14-08
EARLY SURGE BASED ON FALSE BENIGN INFLATION REPORT (SHOWING NO CHANGE IN
RETAIL INFLATION) FROM THE GOVERNMENT GIVES WAY TO REALITY THAT THEY CAN’T
COVER UP/LIE ABOUT (DESPITE INTRA-DAY SUCKERS RALLY) WHEN THERE IS A RUN ON
LARGE WALL STREET INVESTMENT BANK BEAR STEARNS (FIRST SUCH SINCE THE GREAT
DEPRESSION) WHICH CITES LIQUIDITY CRISIS AS NY FED AND JP MORGAN INTERVENE
WITH 28 DAY LOAN AS BEAR IS HOLDING HIGH RISK (WORTHLESS) ASSETS WHICH ARE
ILLIQUID (THINLY TRADED/CAN’T BE SOLD) AS RESERVES (THEY ARE NOT ALONE IN
THIS REGARD AMONG THE FRAUDS ON WALLSTREET, ETC., AND ONLY 2 DAYS AGO BEAR
SAID BALANCE SHEET STABLE), ALL TIME LOWS FOR THE DOLLAR, WSJ REPORTS
MAJORITY OF ECONOMISTS THINK WE’RE IN RECESSION, MICHIGAN (NON-WASHINGTON
NON-FED GOV’T REPORT) SENTIMENT INDEX AT NEW 16 YEAR LOW. ONE ANALYST SAYS
DOLLAR WEAKNESS/LOWER YIELDS/ECONOMIC CONCERNS WILL CONTINUE DOWNWARD TREND,
INFLATION REPORT SURPRISE/FOOLISH AND HIGHER INFLATION NUMBER FOR MARCH,
CRESCENDO OF BAD NEWS IN COMING WEEK AND LOOK FOR NEW LOWS/BOTTOM(?). OIL
ANALYST CITES WEAK DOLLAR/EASY MONEY FLOWS AND SAYS LOOK FOR OIL AT
$120-$125. ANOTHER ANALYST SAYS ITS TOO LATE FOR FED TO TURN THIS
WRITEDOWN/SUBPRIME/ECONOMIC DOWNTURN AROUND WITH BEAR ANOTHER $35-$70 BILLION
BAD AND WHAT AFTER 28 DAY LOAN-EXPECT TAKEOVER/NO MORE BEAR STEARNS. 3-13-08
SMART MONEY WOULD SELL INTO THIS SUCKERS’ BEAR MARKET RALLY (TAKE PROFITS)
WHICH IS BASED UPON B**L S**T ALONE (NOTHING WHATSOEVER) AS STANDARD AND
POORS ANALYST SAYS THE END OF WRITEDOWNS MIGHT (BUT NOT QUITE) BE IN SIGHT
(WHICH IS LIKE THAT BROKER WHO SELLS STOCKS FOR A LIVING SAYING HE’S TRYING
TO KEEP CLIENTS IN STOCKS BECAUSE AT SOME POINT THEY’LL GO UP)…RIIIIIGHT…..
WHICH IS MEANINGLESS COMING FROM STANDARD AND POORS WHICH SHOULD BE
ACCOUNTABLE/LIABLE (FOR THIS FRAUD) ALONG WITH THE FRAUDS ON WALL STREET,
ETC., FOR THE TRIPLE A RATED SECURITIES ON THE BOOKS WHICH EVERYONE KNOWS ARE
IN FACT NOT TRIPLE A (WORTHLESS JUNK BONDS, ASSETS, ETC.) SPURRING 200+ POINT
SWING TO THE UPSIDE. VAST MAJORITY OF ECONOMISTS NOW SAY WE’RE IN RECESSION
(EVEN DESPITE ELECTION YEAR GIMMICKS-AS GOOD AS GETS). RETAIL SALES DOWN MORE
THAN EXPECTED .6%, FORECLOSURES UP 60% YEAR OVER YEAR, DOLLAR DOWN SHARPLY.
ONE ANALYST SAYS CONTINUED UNEMPLOYMENT/EMPLOYMENT WEAKNESS, PREMATURE TO SAY
AS DID S&P THAT WE’RE NEAR END OF WRITEDOWNS, MAJORITY OF ECONOMISTS NOW
SAY WE’RE IN RECESSION, HOUSING DOWNTURN MUCH FURTHER TO GO, VERY DEFENSIVE
AS STOCKS CONTINUE TO HIT NEW LOWS IN LARGE NUMBERS, WORST OF HOUSING CRISIS
AHEAD, AND THIS IS A BEAR MARKET IN A RECESSION ECONOMY. ANOTHER
ECONOMIST/ANALYST SAYS U.S. CURRENT ACCOUNT DEFICITS, LACK OF TRUST IN U.S.
FINANCIAL INSTITUTIONS AND TRIPLE A RATINGS (BONDS, ETC., WHICH EVERYONE
KNOWS ARE NOT), BANKS’ NEED FOR RECAPITALIZATION, LOW SAVINGS (IE., CONSUMERS
USING IE., GIFT CARDS FOR GROCERIES, ETC.), FED LOSING CREDIBILITY BY
FLIP-FLOPS/WRONG MOVES, AND SEES ONLY SHORT-COVERING RALLIES AT BEST.
VENEZUELA SHIFT TO PAYMENT IN EUROS FOR OIL OUT OF DOLLARS. YET ANOTHER ECONOMIST
SAYS WITH MONEY SUPPLY INCREASING AT EXORBITANT 27% PER ANNUM, CITING
ECONOMIST FRIEDMAN SAYS HYPER-INFLATIONARY (CONTRARY TO LAND OF FRUITS AND
NUTS ECONOMISTS WHO THIS DAY SEE LAND OF FRUITS AND NUTS REAL ESTATE DOWN
17.6%, SALES DOWN 40-45%, AND MEDIAN HOME PRICES DOWN $100,000, AND BUDGET
DEFICITS ACROSS THE BOARD). 3-12-08VERY MODEST DROP IN STOCKS RELATIVE TO
REALITY, DOLLAR DOWN SHARPLY ON PANICKY FED KNEE JERK FUNNY MONEY ACTION, ONE
ANALYST/BROKER WHO SELLS STOCKS FOR A LIVING SAYS HE’S TRYING TO KEEP CLIENTS
IN STOCKS BECAUSE AT SOME POINT THEY’LL GO UP…..RIIIIIGHT…..REFERENCES THAT
THIS IS WORST R.E. DOWNTURN IN 100 YEARS AND NO BOTTOM YET IN R.E. AND WSJ
SAYS WORSE TO COME IN BAD PAPER (WRITEDOWNS, ETC.), AN OIL ANALYST SAYS
RECORD HIGH OIL PRICES ARE HEDGE AGAINST FALLING DOLLAR WITH A LOT OF DOLLARS
RELATIVE TO GOODS (AS IE., OIL, OTHER COMMODITIES, ETC.-HYPERINFLATION) AND
IF YOU HOLD DOLLARS/DOLLAR DENOMINATED ASSETS/SECURITIES YOU LOSE VALUE AND
SEES $4.00 GAS NATIONWIDE WITH RECORD DIESEL, WHILE ANOTHER ANALYST SAYS THAT
SEEING FED GO FROM LENDER OF LAST RESORT TO LENDER (PRINTER) OF FIRST RESORT
IS WORRISOME/TROUBLESOME. 3-11-08 SUCKERS’ BEAR MARKET IRRATIONALLY EXUBERANT
NEW EPHEMERAL BUBBLE RALLY ON FED FEAR AND TREMBLING PANIC MOVE TO ADD $200
BILLION IN WORLDWIDE LIQUIDITY BY TEMPORARILY REPLACING (28 DAYS) ONE TYPE OF
FUNNY-MONEY (WORTHLESS SUBPRIME COLLATERALIZED DEBT) WITH ANOTHER LONGER TERM
WORTHLESS FUNNY-MONEY (U.S. DEBT WHICH CAN’T BE PAID BACK) WHICH IS A GREAT
B.S. TALKING POINT BUT JUST A DROP IN THE BUCKET CONSIDERING THE MAGNITUDE OF
THE UNDISCLOSED WRITEDOWNS/WORTHLESS PAPER BEING HELD(AND, CURING A BUBBLE
WITH A NEW BUBBLE-I DON'T THINK SO), ONE ANALYST POINTS TO THE
HYPERINFLATIONARY EFFECTS OF TOO MUCH LIQUIDITY CHASING TOO FEW GOODS AND
MORE BAD NEWS TO COME IN TECH SECTOR AND EARNINGS ALONG WITH MORE
WRITEOFFS/WRITEDOWNS WITH WORSE TO COME/NO BOTTOM YET AND HE REMAINS A BEAR,
LAND OF FRUITS AND NUTS ECONOMIST SAYS BAD BUT NOT TECHNICALLY RECESSION
BASED ON GOVERNMENT ELECTION-YEAR DATA (ONLY NUTS AND NUTS FROM THE LAND OF
FRUITS AND NUTS BELIEVE SAME) WHILE TWO OTHER ECONOMISTS SAY RECESSION WITH
STRUCTURAL PROBLEMS/HIGH INFLATION/LOWER DOLLAR AS FOREIGNERS/INVESTORS GET
OUT OF WORTHLESS DOLLAR WITH BIG TROUBLE FOR U.S. POST-ELECTION AS REALITY
SETS IN, TRADE GAP WIDENED, AND SMART MONEY WOULD SELL THIS RALLY/TAKE
PROFITS. 3-10-08 MODEST DROP IN STOCKS RELATIVE TO REALITY, NEW BANK
DOWNGRADES, MORGAN SLASHES EARNINGS ESTIMATES FOR S&P AND SAYS ALREADY IN
RECESSION, EVEN MORE ECONOMISTS NOW SAY THE OBVIOUS/RECESSION, RUMOR THAT
BEAR STERNS WITH SUBSTANTIAL LIQUIDITY ISSUES IS GOING UNDER, DOLLAR DOWN,
EARNINGS ESTIMATES CUT ON CITIBANK AND BANKOFAMERICA, ONE ECONOMIST/ANALYST
SAYS (HYPERINFLATIONARY) HIGH ENERGY AND FOOD PRICES (CONVENIENTLY LEFT OUT
OF THE FED’S “TOUTED” CORE RATE) ARE SQUEEZING THE CONSUMER (AND HENCE,
CONSUMPTION/65% OF GDP) AND THAT COMMODITIES A BUBBLE AND MULTINATIONALS WITH
OVERSEAS EARNINGS/POSITVE CURRENCY TRANSLATION TO WEAKER DOLLAR PREFERRED, AN
OIL ANALYST SAYS $200 OIL POSSIBLE (REITERATING GOLDMAN) WITH CONTINUED
WEAKENING OF DOLLAR, ANOTHER ANALYST/JOURNALIST SAYS SELL DOLLAR DENOMINATED
STOCKS/SECURITIES/ASSETS WHICH HAVE MUCH FURTHER TO FALL AND REITERATES AS
DID BARRON’S THAT MORTGAGE INSURERS HAVE OVER $5 TRILLION IN DEBT/EXPOSURE
AND THAT MANY OF THE NATIONS BANKS ARE ALREADY INSOLVENT SO GET OUT OF THE
DOLLAR AND U.S. STOCKS. 3-7-08 BAD EMPLOYMENT/JOBS DATA ACROSS ALL SECTORS AS
63,000 JOBS LOST WITH DOWNWARD REVISIONS TO DECEMBER AND JANUARY (ACTUALLY
LOST 20,000) JOBS NUMBERS, ONE ANALYST SAYS WE’RE IN A RECESSION WHILE MORE
ECONOMISTS SAY RECESSION WITH ONE STATING THAT YOU ALMOST NEVER SEE
BACK-TO-BACK MONTHLY DECLINE IN EMPLOYMENT WITHOUT RECESSION AS NOW, DOLLAR
AT NEW RECORD LOWS, CONSUMERS INCREASED BORROWING TO STAY AFLOAT, WASHINGTON
MUTUAL FURTHER DOWNGRADES, SUPPORT LEVELS BROKEN TO THE DOWNSIDE, SENTIMENT-
85% BELIEVE THINGS WILL GET WORSE. 3-6-08 MODEST DROP IN STOCKS RELATIVE TO
REALITY TO KEEP THE SUCKERS SUCKERED AND THE COMPUTERIZED COMMISSION TRADE
DOLLARS FLOWING. 23% INCREASE IN FORECLOSURES IN FOURTH QUARTER NEW RECORD
HIGH, DOLLAR AT NEW RECORD LOWS, 10% OF HOMES WITH 0 OR NEGATIVE EQUITY,
MORTGAGE BANKERS ASSOCIATION SAYS HOME FORECLOSURES AT ALL-TIME HIGH AND GOING
HIGHER, ONE R.E. ANALYST SAYS ROUGH YEAR AHEAD WITH FORECLOSURES AND DEFAULTS
UP, ONE ANALYST SAYS MARKET WILL TEST NEW LOWS/SUPPORT LEVELS WITH FLIGHT TO
“QUALITY”/TREASURIES, LENDER THORNBURG DEFAULTS AND ALONG WITH WASHINGTON
MUTUAL IS DOWNGRADED, CONTINUING CLAIMS FOR UNEMPLOYMENT AT HIGH LEVELS MEANS
COMPANIES SHRINKING, IGNORE KNEE-JERK ELECTION YEAR GOVERNMENT HUNKY DORY
FAKE REPORTS. 3-5-08 OIL INVENTORIES LESS THAN EXPECTED, FED BEIGE BOOK CITES
ECONOMIC WEAKNESS PARTICULARLY SINCE BEGINNING OF THE YEAR, LABOR COSTS ROSE,
RISING PRICE PRESSURES/STAGFLATION, RECESSION/BEAR MARKET, ONE ANALYST SAYS
TOUGH FIRST HALF RECOMMENDS MULTINATIONALS WITH 50% OVERSEAS EARNINGS
(FAVORABLE CURRENCY TRANSLATION) AND CONSUMER STAPLES/HEALTH
RELATED/DEFENSIVE STOCKS, AMBAC TO FLOAT STOCK TO SHORE UP BALANCE SHEET TO
TUNE OF $1.5 BILLION/DILUTION AND SHARES FALL $2 TO $8.70, OIL ANALYST CITES
DECLINE IN OIL INVENTORIES/DIESEL/JET FUEL AND WEAK DOLLAR AND TOP $108-$110
BUT $120-$130 IF VENEZUELA/COLUMBIA CONFLICT AND MORE RECORD HIGH GAS PRICES
TO COME, ANOTHER ECONOMIST/ANALYST SAYS CONTINUED DECLINE IN REAL
ESTATE/HOUSING WITH STARTS DOWN 15-20-40% ON WELL DESERVED PESSIMISM/CREDIT
CRUNCH. 3-4-08 SUCKERS’ BEAR MARKET RALLY INTO THE CLOSE BASED ON B**L S**T
ALONE, VIZ., RUMOR/SPECULATION ABOUT YET ANOTHER BAILOUT FOR WALL
STREET/AMBAC/BOND INSURERS AND OVER 200 POINT SWING TO THE UPSIDE BASED ON
NOTHING WHATSOEVER, ONE ECONOMIST/ANALYST NOTES THIS IS THE DEEPEST HOUSING
DECLINE SINCE GREAT DEPRESSION, BERNANKE SAYS ANOTHER SPIKE IN FORECLOSURES
AHEAD AND PROPOSES REDUCTION OF PRINCIPAL AMOUNTS IN EXISTING LOANS (SOUNDS
LIKE A PLAN…..RIIIIIGHT!), KEN SHREVE FINANCE EDITOR INVESTORS BUSINESS DAILY
SAYS BEAR MARKET 6-9 MONTHS/ DON’T TRY TO CATCH A FALLING KNIFE AS INSTITUTIONS
STILL SELLING/KEEP MONEY SAFE IN 3% MONEY MARKET FOR TIME BEING, ONE OIL
ANALYST SAYS OIL HIGHER BEFORE LOWER AS EXPECTED RATE CUT WILL FURTHER WEAKEN
DOLLAR AND DRIVE UP OIL/COMMODITIES PRICES AND PROBLEMS IN CONSUMER DEBT IN
ADDITION TO MORTGAGES AND NOBODY WANTS TO HOLD DOLLARS, 3-3-08 SUCKERS’ BEAR
MARKET RALLY INTO THE CLOSE, YES WE ARE IN A RECESSION FROM SOMEONE WHO
UNLIKE THE FRAUDS ON WALL STREET HAS READ SECURITY ANALYSIS BY GRAHAM, DODD,
AND COTTLE AND UNDERSTANDS IT (WARREN BUFFET), ALL NEWS NEGATIVE, IE., ISM
MANUFACTURING INDEX DOWN TO 48.3 (CONTRACTION), CAR SALES DOWN AT GM (-12%)
AND FORD (-7%), CONSTRUCTION SPENDING DOWN MOST IN 14 YEARS, OIL ANALYSTS
POINT TO THE NEW HIGHS WHILE ECONOMIST/ANALYST SAYS DOLLAR HAS FALLEN THROUGH
ALL SUPPORT LEVELS MEANING MORE BOTTOMS TO COME, INFLATION OUTPACING CONSUMER
SPENDING (EVEN WITH SPENDING NUMBER HIGHER THAN EXPECTED WHICH PROBABLY MEANS
REALITY WAS NEGATIVE), CONSUMER CONFIDENCE/SENTIMENT DOWN SHARPLY, CHICAGO
MANUFACTURING INDEX DOWN INDICATING CONTRACTION, $5.29 BILLION LOSS FOR AIG
ON WRITEOFFS, INTRA DAY HIGH FOR OIL OVER $103, INFLATION/WEAK
DOLLAR/ECONOMIC WEAKNESS=STAGFLATION, FOURTH MONTHLY DECLINE IN A ROW FOR
STOCK MARKET, ONE ECONOMIST/ANALYST IF NOT THEN ALMOST IN RECESSION WITH
WORSE INFLATION NEWS AND INFLATION ADJUSTED INCOME/SPENDING FLAT, ANOTHER
ECONOMIST/ANALYST SAYS RECESSION AND CITES NEGATIVE SAVINGS RATE AND FURTHER
ECONOMIC WEAKNESS, ANALYST SAYS CONTINUED ECONOMIC WEAKNESS WITH FURTHER
DOLLAR DECLINE SO BULLISH ON METALS AND BEARISH ON STOCKS, AND YET ANOTHER
ECONOMIST/ANALYST SAYS INFLATION/RECESSION BUT NOT DEPRESSION…..RIIIIIGHT,
GDP GROWTH REPORTED MUCH LESS THAN EXPECTED (BUT CLOSER TO REALITY) AT
MINISCULE .6%, UNEMPLOYMENT CLAIMS JUMP 19,000 TO 373,000 AT HIGHEST LEVEL
SINCE POST KATRINA, BERNANKE SAYS CONSUMER WORSE OFF THAN JUST AFTER 911(?)
AND THAT SOME BANKS COULD (WILL) FAIL AND THAT STAGFLATION WILL NOT BE AS BAD
AS THE 70’S, FANNIE MAE AND FREDDIE MAC SHOW MASSIVE LOSSES, ONE ANALYST 50
YEARS IN THE BUSINESS SEES RECESSION AND SAYS FINANCIALS HAVE BECOME
IMPENETRABLE IN TERMS OF ANALYSIS/LOSSES, ANOTHER ECONOMIST/ANALYST SAYS
WE’RE NOWHERE NEAR IMPROVEMENT IN R.E./HOUSING MARKET, YET ANOTHER
ECONOMIST/ANALYST SAYS RECESSION WITH HIGHER INFLATION LOWER GROWTH
(STAGFLATION) AND THAT FED FORECASTS HAVE BEEN WRONG AND ONLY RECESSION TO
BRING DOWN INFLATION, NEW RECORD LOW FOR DOLLAR AGAINST EURO AND SWISS FRANC
(AND EVEN WORTH LESS THAN THE LOWLY CANADIAN LOONEY, ETC.) WHICH ALONG WITH
DEFICIT SPENDING IS HYPERINFLATIONARY AS OIL SEES NEW INTRADAY HIGH OF
$102.64, SALES/ORDERS OF DURABLE GOODS DOWN MORE THAN EXPECTED 5.3%,
BERNANKE’S NEGATIVE COMMENTS ON GREENSPAN RECESSION PROMISES RATE CUTS FOR
NEW BUBBLE WHICH RALLIES STOCKS, ONE ANALYST SAYS BANKS AS THEIR OWN INSURERS
INCREASES RISK, ANOTHER ANALYST SAYS CONTINUED DEFICIT SPENDING INCREASES
INFLATIONARY PROBLEMS/RISK, FORECLOSURES/BANK REPO’S UP 90% YEAR OVER YEAR,
REGULATORS PREDICT OVER 100 BANK FAILURES, FORECLOSURES UP 57% IN JANUARY,
WHOLESALE INFLATION UP MUCH HIGHER THAN EXPECTED 7.5% (CORE RATE 4+%), 9%
DROP IN HOME VALUES/PRICES, CONSUMER CONFIDENCE DOWN TO 17 YEAR LOW, ELECTION
YEAR/PROTECT INCOMPETENT INCUMBENT GOV’T PRINTING WORTHLESS DOLLARS LIKE MAD
WITH EXCESS LIQUIDITY CHASING TOO FEW GOODS (IE., FOOD UP 6%, ETC.) WHICH IS
HYPER-INFLATIONARY, ECONOMIST/ANALYST DR. KELLNER SAYS EASIER MONEY/FISCAL
PACKAGE WON’T REFLATE HOUSING MARKET (RECESSION), ANOTHER ANALYST SAYS IN
BEAR MARKET/RECESSION RECOMMENDS DEFENSIVE/PREFERRED STOCKS/BONDS/CASH, DR.
SHILLER- CASE-SHILLER INDEX- HOME VALUES CONTINUED DECLINE AND IN OR ABOUT TO
ENTER RECESSION (THAT’S ALREADY HERE), Stiglitz Blames Greenspan For
Recession, IBM ON $15 BILLION BUYBACK AND JAWBONING AND SIGNIFICANT OVERSEAS
SALES (AND POSITIVE CURRENCY TRANSLATION TO THE WORTHLESS DOLLAR) RALLIES
MARKET (WHAT BULL S**T), SHARPLY LOWER AND MORE WORTHLESS DOLLAR/HIGH OIL
PRICE RALLY CREATES YET ANOTHER B.S. SWING OF OVER 200 POINTS TO THE UPSIDE,
FOOD PRICES UP 6% ON ETHANOL CROWD-OUT, HOME SALES DOWN 5.5% / MEDIAN SALES
PRICE DOWN 4.6%, ONE R.E. EXPERT SAYS WITH SALES FALLING AND FORECLOSURES
RISING WORSE YET TO COME, LEADING ECONOMIC INDICATORS FELL FOR FOURTH MONTH
IN A ROW (-.1%), PHILADELPHIA FED MANUFACTURING INDEX UNEXPECTEDLY AND
SIGNIFICANTLY LOWER (THE PHILADELPHIA MANUFACTURING INDEX FELL TO A -24,
INDICATING A SHARP CONTRACTION IN THE REGION'S MANUFACTURING ACTIVITY.
ECONOMISTS HAD ANTICIPATED A READING OF -10, A LESS PRONOUNCED CONTRACTION.
LAST MONTH THE READING CAME IN AT -20.9.), ONE ECONOMIST/ANALYST SAYS
SIGNIFICANT INFLATION AND UNEMPLOYMENT-STAGFLATION-AHEAD ALONG WITH CONTINUED
DEFLATION OF HOUSING BUBBLE WITH NATIONWIDE AVERAGE PRICE DECLINE OF 8-10%
AND ANOTHER DECLINE OF 15-20% TO COME. SUCKERS’ INTRA-DAY BEAR MARKET RALLY
BASED UPON B**L S**T ALONE (NOTHING WHATSOEVER) TO KEEP THE SUCKERS SUCKERED
AND THE COMPUTERIZED COMMISSION TRADE DOLLARS FLOWING. ) (DOW +21, NASDAQ
-35, S&P –11.6) [CLOSE- OIL $105.68 / GOLD $1002.60 NEW RECORD/ SILVER
$20.11/ PLATINUM $1,959/ DOLLAR AT NEW RECORD LOWS AGAINST EURO ABOVE $1.59
INTRADAY, 95.72 YEN, BELOW 1 SWISS FRANC, ETC. (HOW LOW CAN YOU GO)].
LUNATIC/FRAUDS SUCKERS’ BEAR MARKET/SHORT-COVERING RALLY BASED UPON NOTHING
WHATSOEVER. 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). SMART MONEY WOULD SELL ON ANY
STRENGTH (TAKE PROFITS). REALITY: THIS IS A BEAR MARKET IN A SECULAR BEAR
MARKET IN A RECESSIVE ECONOMY IN A SECULAR (AND QUITE PERMANENT-THEY’VE MADE
ALL THE WRONG CHOICES) ECONOMIC DOWNTREND IN THE U.S. 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.). TIME TO PUT THE WALL STREET AMONG OTHER CORPORATE FRAUDS IN JAIL AND
REQUIRE FINES, PENALTIES AND DISGORGEMENT OF THEIR ILL-GOTTEN GAINS. [PLEASE
NOTE: I SELDOM NAME ANALYSTS/REPORTERS/JOURNALISTS BEARING NOT SO GLAD
TIDINGS FOR FEAR THEY’LL BE CRUCIFIED BY THE FRAUDS ON WALL STREET].
http://www.albertpeia.com/wallstreetlunacy10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/currentopics10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/currentopics10108.htm
http://www.albertpeia.com/wallstreetlunacy10108.htm
http://infowars.net/articles/march2008/140308Mossad.htm
http://www.albertpeia.com
http://www.albertpeia.com/currentopics10108.htm
http://www.albertpeia.com/wallstreetlunacy10108.htm
http://prisonplanet.com/articles/march2008/140308taxman.htm
http://www.albertpeia.com
http://www.albertpeia.com/currentopics10108.htm
http://www.albertpeia.com/wallstreetlunacy10108.htm
Paul Craig Roberts: Watching the Dollar Die
http://www.albertpeia.com
http://www.albertpeia.com/currentopics10108.htm
http://www.albertpeia.com/wallstreetlunacy10108.htm
George ‘Herbert Hoover’ Bush
Lew Rockwell | Alan Greenspan just told a Wall Streeter who hired him as a
consultant that “the economy is headed off a cliff.” Yes it is, Alan, and you
are a chief criminal, along with Nixon, Bush, and others, in this unfolding
global disaster.
BUSH IS SUCH A MORON!
http://www.albertpeia.com
http://www.albertpeia.com/currentopics10108.htm
http://www.albertpeia.com/wallstreetlunacy10108.htm
FED PLEDGE TO SUPPLY CASH...
Race to Rescue BEAR STEARNS...
Fed Invokes Little-Used Authority to Prevent Collapse...
'Vicious downward spiral'...
Bush Urges fellow mental patients Patience...
Dollar falls below Swiss franc...
http://www.bloomberg.com/apps/news?pid=20601087&sid=avLUWqqZsG7s&refer=worldwide
http://www.albertpeia.com
http://www.albertpeia.com/currentopics10108.htm
http://www.albertpeia.com/wallstreetlunacy10108.htm
SELL INTO STRENGTH /TAKE PROFITS
(3-14-08) (DOW -195, NASDAQ -51, S&P -27) [CLOSE- OIL $110.21 / GOLD
$999.50 NEW INTRA-DAY HIGH ABOVE $1,009/ SILVER $20.66/ PLATINUM $2,076/
DOLLAR AT NEW RECORD LOW AGAINST EURO NEAR $1.57, BELOW 100 YEN, BELOW 1
SWISS FRANC, ETC. (HOW LOW CAN YOU GO)]. SELL INTO STRENGTH/TAKE PROFITS.
EARLY SURGE BASED ON FALSE BENIGN INFLATION REPORT (SHOWING NO CHANGE IN
RETAIL INFLATION) FROM THE GOVERNMENT GIVES WAY TO REALITY THAT THEY CAN’T
COVER UP/LIE ABOUT (DESPITE INTRA-DAY SUCKERS RALLY) WHEN THERE IS A RUN ON
LARGE WALL STREET INVESTMENT BANK BEAR STEARNS (FIRST SUCH SINCE THE GREAT
DEPRESSION) WHICH CITES LIQUIDITY CRISIS AS NY FED AND JP MORGAN INTERVENE
WITH 28 DAY LOAN AS BEAR IS HOLDING HIGH RISK (WORTHLESS) ASSETS WHICH ARE
ILLIQUID (THINLY TRADED/CAN’T BE SOLD) AS RESERVES (THEY ARE NOT ALONE IN
THIS REGARD AMONG THE FRAUDS ON WALLSTREET, ETC., AND ONLY 2 DAYS AGO BEAR
SAID BALANCE SHEET STABLE), ALL TIME LOWS FOR THE DOLLAR, WSJ REPORTS
MAJORITY OF ECONOMISTS THINK WE’RE IN RECESSION, MICHIGAN (NON-WASHINGTON NON-FED
GOV’T REPORT) SENTIMENT INDEX AT NEW 16 YEAR LOW. ONE ANALYST SAYS DOLLAR
WEAKNESS/LOWER YIELDS/ECONOMIC CONCERNS WILL CONTINUE DOWNWARD TREND,
INFLATION REPORT SURPRISE/FOOLISH AND HIGHER INFLATION NUMBER FOR MARCH,
CRESCENDO OF BAD NEWS IN COMING WEEK AND LOOK FOR NEW LOWS/BOTTOM(?). OIL
ANALYST CITES WEAK DOLLAR/EASY MONEY FLOWS AND SAYS LOOK FOR OIL AT
$120-$125. ANOTHER ANALYST SAYS ITS TOO LATE FOR FED TO TURN THIS
WRITEDOWN/SUBPRIME/ECONOMIC DOWNTURN AROUND WITH BEAR ANOTHER $35-$70 BILLION
BAD AND WHAT AFTER 28 DAY LOAN-EXPECT TAKEOVER/NO MORE BEAR STEARNS. 3-13-08
SMART MONEY WOULD SELL INTO THIS SUCKERS’ BEAR MARKET RALLY (TAKE PROFITS)
WHICH IS BASED UPON B**L S**T ALONE (NOTHING WHATSOEVER) AS STANDARD AND
POORS ANALYST SAYS THE END OF WRITEDOWNS MIGHT (BUT NOT QUITE) BE IN SIGHT
(WHICH IS LIKE THAT BROKER WHO SELLS STOCKS FOR A LIVING SAYING HE’S TRYING
TO KEEP CLIENTS IN STOCKS BECAUSE AT SOME POINT THEY’LL GO UP)…RIIIIIGHT…..
WHICH IS MEANINGLESS COMING FROM STANDARD AND POORS WHICH SHOULD BE
ACCOUNTABLE/LIABLE (FOR THIS FRAUD) ALONG WITH THE FRAUDS ON WALL STREET,
ETC., FOR THE TRIPLE A RATED SECURITIES ON THE BOOKS WHICH EVERYONE KNOWS ARE
IN FACT NOT TRIPLE A (WORTHLESS JUNK BONDS, ASSETS, ETC.) SPURRING 200+ POINT
SWING TO THE UPSIDE. VAST MAJORITY OF ECONOMISTS NOW SAY WE’RE IN RECESSION
(EVEN DESPITE ELECTION YEAR GIMMICKS-AS GOOD AS GETS). RETAIL SALES DOWN MORE
THAN EXPECTED .6%, FORECLOSURES UP 60% YEAR OVER YEAR, DOLLAR DOWN SHARPLY.
ONE ANALYST SAYS CONTINUED UNEMPLOYMENT/EMPLOYMENT WEAKNESS, PREMATURE TO SAY
AS DID S&P THAT WE’RE NEAR END OF WRITEDOWNS, MAJORITY OF ECONOMISTS NOW
SAY WE’RE IN RECESSION, HOUSING DOWNTURN MUCH FURTHER TO GO, VERY DEFENSIVE
AS STOCKS CONTINUE TO HIT NEW LOWS IN LARGE NUMBERS, WORST OF HOUSING CRISIS
AHEAD, AND THIS IS A BEAR MARKET IN A RECESSION ECONOMY. ANOTHER
ECONOMIST/ANALYST SAYS U.S. CURRENT ACCOUNT DEFICITS, LACK OF TRUST IN U.S.
FINANCIAL INSTITUTIONS AND TRIPLE A RATINGS (BONDS, ETC., WHICH EVERYONE
KNOWS ARE NOT), BANKS’ NEED FOR RECAPITALIZATION, LOW SAVINGS (IE., CONSUMERS
USING IE., GIFT CARDS FOR GROCERIES, ETC.), FED LOSING CREDIBILITY BY
FLIP-FLOPS/WRONG MOVES, AND SEES ONLY SHORT-COVERING RALLIES AT BEST.
VENEZUELA SHIFT TO PAYMENT IN EUROS FOR OIL OUT OF DOLLARS. YET ANOTHER
ECONOMIST SAYS WITH MONEY SUPPLY INCREASING AT EXORBITANT 27% PER ANNUM,
CITING ECONOMIST FRIEDMAN SAYS HYPER-INFLATIONARY (CONTRARY TO LAND OF FRUITS
AND NUTS ECONOMISTS WHO THIS DAY SEE LAND OF FRUITS AND NUTS REAL ESTATE DOWN
17.6%, SALES DOWN 40-45%, AND MEDIAN HOME PRICES DOWN $100,000, AND BUDGET
DEFICITS ACROSS THE BOARD).
http://www.albertpeia.com/wallstreetlunacy10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/currentopics10108.htm
5 Reasons the Fed's Credit Bailout Will Likely Disappoint Matt Blackman
While stock traders began to party again after hearing news of the Fed March
12 credit bailout, currency traders were betting it wouldn't work. After
staging a brief rally on Tuesday, the US dollar fell to a new all-time low
against the euro Wednesday as confidence that the Fed move would solve the
credit crisis and economic fallout proved short-lived. Hopes have run high
that the $250 bailout would prove the requisite panacea by stock investors
prompting many to call a bottom in stocks. But here are five reasons why they
will probably be disappointed.
1) Much more subprime pain to come - According to a Bloomberg article from
March 11, Even after downgrading almost 10,000 subprime-mortgage bonds,
Standard & Poor's and Moody's Investors Service haven't cut the ones that
matter most: AAA securities that are the mainstays of bank and insurance
company investments. None of the 80 AAA securities in ABX indexes that track
subprime bonds meet the criteria S&P had even before it toughened ratings
standards in February, according to data compiled by Bloomberg. A bond sold
by Deutsche Bank AG in May 2006 is AAA at both companies even though 43
percent of the underlying mortgages are delinquent. Sticking to the rules
would strip at least $120 billion in bonds of their AAA status, extending the
pain of a mortgage crisis that's triggered $188 billion in writedowns for the
world's largest financial firms. AAA debt fell as low as 61 cents on the
dollar after record home foreclosures and a decline to AA may push the value of
the debt to 26 cents, according to Credit Suisse Group. "The fact that
they've kept those ratings where they are is laughable," said Kyle Bass,
chief executive officer of Hayman Capital Partners, a Dallas-based hedge fund
that made $500 million last year betting lower-rated subprime-mortgage bonds
would decline in value. "Downgrades of AAA and AA bonds are imminent,
and they're going to be significant." So what happens to the Fed
requirement that any collateral exchanged for Treasuries not be subject to a
downgrade? According to the article, all but six of the 80 AAA ABX subprime
bonds failed an S&P test for investment grade status. As I understand the
program, they should NOT qualify for the Fed collateral exchange.
2) Home price declines are still accelerating. This means that bonds that
qualify as investment grade today have a better than 50-50 chance of not
qualifying tomorrow. Rating agencies essentially discounted the probability
of housing price declines. How can the Fed (and taxpayers who risk picking up
the tab) trust them now?
3) The Fed bailout allows that mortgage bonds be used as collateral for a 28
day period. What happens when the 28 day period elapses? The Fed has also
said it would discount the value of bond collateral. By how much? Do banks
get to discount them again before taking them back after the 28 day period
has elapsed? I trust that the Fed has no plans to be the buyer of final
resort for this junk. It would mean this liability would ultimately be passed
on to the taxpayer. But even giving Bernanke & Co the benefit of the
doubt, this solution is very short-term in scope. And what happens when its
over and $200 billion in bonds have been exchanged?
4) The current housing (and credit) bubbles took years to form and were
powered by the creation of trillions in derivatives. The credit default swap
market alone doubled every in 2006 and 2007 and at latest count had grown to
more than $40 trillion. The chances that any bailout attempts by government
or quasi government agency like the Fed will re-inflate these bubbles are
effectively zero. The latest estimate by Friedman, Billings and Ramsey is
that the $11 trillion mortgage market needs about $1 trillion in new
investment to halt the slide in bond prices that began last year. But that estimate
assumes that payments on more than 90% of US mortgages will remain current -
Is this realistic assumption given the scope of home price declines and the
amount of zero down, no doc, lier mortgages etc. that were issued? Probably
not. What motivation do those who made little or now down payment have to
maintain their payments on a home that has dropped below the mortgage amount?
5) Can this bailout halt the economic slide that my indicators are telling me
will result in a recession? (see this post) Can they reverse the economic
cycle? Certainly not on both counts if history is any guide. More likely, the
latest stock run is nothing more than a predictable bear market rally that
will quickly evaporate, just like those that resulted from past bailout hopes
have done since November. As Joseph Mason commented in a Bloomberg interview
March 12, all Fed efforts so far have focused on providing liquidity but they
do nothing to address credit losses. Someone has to take those losses
including homeowners, consumers as well as banks, lenders, hedge funds etc.
And those losses are far from over. And so far, the only credit problems
being discussed are mortgage related. What about commercial, car, student,
credit card, M&A, LBO and other loan markets? What happens when they
begin to blow up?
http://www.albertpeia.com
http://www.albertpeia.com/currentopics10108.htm
http://www.albertpeia.com/wallstreetlunacy10108.htm
5 Reasons the Fed's Credit Bailout Will Likely Disappoint Matt Blackman
While stock traders began to party again after hearing news of the Fed March
12 credit bailout, currency traders were betting it wouldn't work. After
staging a brief rally on Tuesday, the US dollar fell to a new all-time low
against the euro Wednesday as confidence that the Fed move would solve the
credit crisis and economic fallout proved short-lived. Hopes have run high
that the $250 bailout would prove the requisite panacea by stock investors
prompting many to call a bottom in stocks. But here are five reasons why they
will probably be disappointed.
1) Much more subprime pain to come - According to a Bloomberg article from
March 11, Even after downgrading almost 10,000 subprime-mortgage bonds,
Standard & Poor's and Moody's Investors Service haven't cut the ones that
matter most: AAA securities that are the mainstays of bank and insurance
company investments. None of the 80 AAA securities in ABX indexes that track
subprime bonds meet the criteria S&P had even before it toughened ratings
standards in February, according to data compiled by Bloomberg. A bond sold
by Deutsche Bank AG in May 2006 is AAA at both companies even though 43
percent of the underlying mortgages are delinquent. Sticking to the rules
would strip at least $120 billion in bonds of their AAA status, extending the
pain of a mortgage crisis that's triggered $188 billion in writedowns for the
world's largest financial firms. AAA debt fell as low as 61 cents on the
dollar after record home foreclosures and a decline to AA may push the value
of the debt to 26 cents, according to Credit Suisse Group. "The fact
that they've kept those ratings where they are is laughable," said Kyle
Bass, chief executive officer of Hayman Capital Partners, a Dallas-based
hedge fund that made $500 million last year betting lower-rated
subprime-mortgage bonds would decline in value. "Downgrades of AAA and
AA bonds are imminent, and they're going to be significant." So what
happens to the Fed requirement that any collateral exchanged for Treasuries
not be subject to a downgrade? According to the article, all but six of the
80 AAA ABX subprime bonds failed an S&P test for investment grade status.
As I understand the program, they should NOT qualify for the Fed collateral
exchange.
2) Home price declines are still accelerating. This means that bonds that
qualify as investment grade today have a better than 50-50 chance of not
qualifying tomorrow. Rating agencies essentially discounted the probability
of housing price declines. How can the Fed (and taxpayers who risk picking up
the tab) trust them now?
3) The Fed bailout allows that mortgage bonds be used as collateral for a 28
day period. What happens when the 28 day period elapses? The Fed has also
said it would discount the value of bond collateral. By how much? Do banks
get to discount them again before taking them back after the 28 day period
has elapsed? I trust that the Fed has no plans to be the buyer of final
resort for this junk. It would mean this liability would ultimately be passed
on to the taxpayer. But even giving Bernanke & Co the benefit of the
doubt, this solution is very short-term in scope. And what happens when its
over and $200 billion in bonds have been exchanged?
4) The current housing (and credit) bubbles took years to form and were
powered by the creation of trillions in derivatives. The credit default swap
market alone doubled every in 2006 and 2007 and at latest count had grown to
more than $40 trillion. The chances that any bailout attempts by government
or quasi government agency like the Fed will re-inflate these bubbles are
effectively zero. The latest estimate by Friedman, Billings and Ramsey is
that the $11 trillion mortgage market needs about $1 trillion in new
investment to halt the slide in bond prices that began last year. But that
estimate assumes that payments on more than 90% of US mortgages will remain
current - Is this realistic assumption given the scope of home price declines
and the amount of zero down, no doc, lier mortgages etc. that were issued?
Probably not. What motivation do those who made little or now down payment
have to maintain their payments on a home that has dropped below the mortgage
amount?
5) Can this bailout halt the economic slide that my indicators are telling me
will result in a recession? (see this post) Can they reverse the economic
cycle? Certainly not on both counts if history is any guide. More likely, the
latest stock run is nothing more than a predictable bear market rally that
will quickly evaporate, just like those that resulted from past bailout hopes
have done since November. As Joseph Mason commented in a Bloomberg interview
March 12, all Fed efforts so far have focused on providing liquidity but they
do nothing to address credit losses. Someone has to take those losses
including homeowners, consumers as well as banks, lenders, hedge funds etc.
And those losses are far from over. And so far, the only credit problems
being discussed are mortgage related. What about commercial, car, student,
credit card, M&A, LBO and other loan markets? What happens when they
begin to blow up?
http://www.albertpeia.com
http://www.albertpeia.com/currentopics10108.htm
http://www.albertpeia.com/wallstreetlunacy10108.htm
NBCWSJ POLL: BILL CLINTON TAKES POPULARITY HIT; NOW VIEWED UNFAVORABLE...
Also better for Obama's health.
CLINTON BODY COUNT
By: Ether Zone Staff
Here is the latest body count that we have. All of these people have been
connected with the Clintons in some form or another. We have not included any
deaths that could not be verified or connected to the Clinton scandals. All
deaths are listed chronologically by date. This list is current and accurate
to the best of our knowledge as of January 13, 1999 August 1, 2000.
Susan Coleman: Rumors were circulating in Arkansas of an affair with Bill
Clinton. She was found dead with a gunshot wound to the head at 7 1/2 months
pregnant. Death was an apparent suicide.
Larry Guerrin: Was killed in February 1987 while investigating the INSLAW
case.
Kevin Ives & Don Henry: Initial cause of death was reported to be the
result of falling asleep on a railroad track in Arkansas on August 23, 1987.
This ruling was reported by the State medical examiner Fahmy Malak. Later it
was determined that Kevin died from a crushed skull prior to being placed on
the tracks. Don had been stabbed in the back. Rumors indicate that they might
have stumbled upon a Mena drug operation.
Keith Coney: Keith had information on the Ives/Henry deaths. Died in a
motorcycle accident in July 1988 with unconfirmed reports of a high speed car
chase.
Keith McKaskle: McKaskle has information on the Ives/Henry deaths. He was
stabbed to death in November 1988.
Gregory Collins: Greg had information on the Ives/Henry deaths. He died from
a gunshot wound to the face in January 1989.
Jeff Rhodes: He had information on the deaths of Ives, Henry & McKaskle.
His burned body was found in a trash dump in April 1989. He died of a gunshot
wound to the head and there was some body mutilation, leading to the probably
speculation that he was tortured prior to being killed.
James Milam: Milam had information on the Ives & Henry deaths. He was
decapitated. The state Medical examiner, Fahmy Malak, initially ruled death
due to natural causes.
Richard Winters: Winters was a suspect in the deaths of Ives & Henry. He
was killed in a "robbery" in July 1989 which was subsequently
proven to be a setup.
Jordan Kettleson: Kettleson had information on the Ives & Henry deaths.
He was found shot to death in the front seat of his pickup in June 1990.
Alan Standorf: An employee of the National Security Agency in electronic
intelligence. Standorf was a source of information for Danny Casalaro who was
investigating INSLAW, BCCI, etc. Standorf's body was found in the backseat of
a car at Washington National Airport on Jan 31, 1991.
Dennis Eisman: An attorney with information on INSLAW. Eisman was found shot
to death on April 5, 1991.
Danny Casalaro: Danny was a free-lance reporter and writer who was
investigating the "October Surprise", INSLAW and BCCI. Danny was
found dead in a bathtub in a Sheraton Hotel room in Martinsburg, West Virginia.
Danny was staying at the hotel while keeping appointments in the DC area
pertinent to his investigation. He was found with his wrists slashed. At
least one, and possibly both of his wrists were cut 10 times. All of his
research materials were missing and have never been recovered.
Victor Raiser: The National Finance Co-Chair for "Clinton for
President." He died in a airplane crash on July 30, 1992.
R. Montgomery Raiser: Also involved in the Clinton presidential campaign. He
died in the same plane crash as Victor.
Paul Tully: Tulley was on the Democratic National Committee. He was found
dead of unknown causes in his hotel room on September 24, 1992. No autopsy
was ever allowed.
Ian Spiro: Spiro had supporting documentation for grand jury proceedings on
the INSLAW case. His wife and 3 children were found murdered on November 1,
1992 in their home. They all died of gunshot wounds to the head. Ian's body
was found several days later in a parked car in the Borego Desert. Cause of
death? The ingestion of cyanide. FBI report indicated that Ian had murdered
his family and then committed suicide.
Paula Gober: A Clinton speech writer. She died in a car accident on December
9, 1992 with no known witnesses.
Jim Wilhite: Wilhite was an associate of Mack McClarty's former firm. Wilhite
died in a skiing accident on December 21, 1992. He also had extensive ties to
Clinton with whom he visited by telephone just hours before his death.
Steve Willis, Robert Williams, Todd McKeahan & Conway LeBleu: Died Feburary
28, 1993 by gunfire at Waco. All four were examined by a pathologist and died
from identical wounds to the left temple. All four had been body guards for
Bill Clinton, three while campaigning for President and when he was Governor
of Arkansas.They also were the ONLY 4 BATF agents killed at Waco.
Sgt. Brian Haney, Sgt. Tim Sabel, Maj. William Barkley, Capt. Scott Reynolds:
Died: May 19, 1993 - All four men died when their helicopter crashed in the
woods near Quantico, Va. - Reporters were barred from the site, and the head
of the fire department responding to the crash described it by saying,
"Security was tight," with "lots of Marines with guns." A
videotape made by a firefighter was seized by the Marines. All four men had
escorted Clinton on his flight to the carrier Roosevelt shortly before their
deaths.
John Crawford: An attorney with information on INSLAW. He died from a heart
attack in Tacoma in April of 1993.
John Wilson: Found dead from an apparent hanging suicide on May 18, 1993. He
was a former Washington DC council member and claimed to have info on
Whitewater.
Paul Wilcher: A lawyer who was investigating drug running out of Mena,
Arkansas and who also sought to expose the "October Surprise", BCCI
and INSLAW. He was found in his Washington DC apartment dead of unknown
causes on June 22, 1993.
Vincent Foster: A White House deputy counsel and long-time personal friend of
Bill and Hillary's. Found on July 20, 1993, dead of a gunshot wound to the
mouth -- a death ruled suicide. Many different theories on this case! Readers
are encouraged to read our report in Strange Deaths.
Jon Parnell Walker: An investigator for the RTC who was looking into the
linkage between the Whitewater and Madison S&L bankruptcy. Walker
"fell" from the top of the Lincoln Towers Building.
Stanley Heard & Steven Dickson: They were members of the Clinton health
care advisory committee. They died in a plane crash on September 10, 1993.
Jerry Luther Parks: Parks was the Chief of Security for Clinton's national
campaign headquarters in Little Rock. Gunned down in his car on September 26,
1993 near the intersection of Chenal Parkway and Highway 10 west of Little
Rock. Parks was shot through the rear window of his car. The assailant then
pulled around to the driver's side of Park's car and shot him three more
times with a 9mm pistol. His family reported that shortly before his death,
they were being followed by unknown persons, and their home had been broken
into (despite a top quality alarm system). Parks had been compiling a dossier
on Clinton's illicit activities. The dossier was stolen.
Ed Willey: A Clinton fundraiser. He died of a self-inflicted gunshot wound on
November 30, 1993. His death came the same day his wife, Kathleen, was
sexually assaulted in the White House by Bill Clinton.
Gandy Baugh: Baugh was Lasater's attorney and committed suicide on January 8,
1994. Baugh's partner committed suicide exactly one month later on February
8, 1994.
Herschell Friday: A member of the presidential campaign finance committee. He
died in an airplane explosion on March 1, 1994.
Ronald Rogers: Rogers died on March 3, 1994 just prior to releasing sensitive
information to a London newspaper. Cause of death? Undetermined.
Kathy Furguson: A 38 year old hospital worker whose ex-husband is a co-
defendant in the Paula Jones sexual harassment law suit. She had information
supporting Paula Jone's allegations. She died of an apparent suicide on May
11, 1994 from a gunshot wound to the head.
Bill Shelton: Shelton was an Arkansas police officer and was found dead as an
apparent suicide on kathy Ferguson's grave (Kathy was his girl friend), on
June 12, 1994. This "suicide" was the result of a gunshot wound to
the back of the head.
Stanley Huggins: Huggins, 46, was a principal in a Memphis law firm which
headed a 1987 investigation into the loan practices of Madison Guaranty
S&L. Stanley died in Delaware in July 1994 -- reported cause of death was
viral pneumonia.
Paul Olson: A Federal witness in investigations to drug money corruption in
Chicago politics, Paul had just finished 2 days of FBI interviews when his
plane ride home crashed, killing Paul and 130 others on Sept 8 1994. The
Sept. 15, 1994 Tempe Tribune newspaper reported that the FBI suspected that a
bomb had brought down the airplane.
Calvin Walraven: 24 year on Walraven was a key witness against Jocelyn
Elder's son's drug case. Walraven was found dead in his apartment with a
gunshot wound to the head. Tim Hover, a Little Rock police spokesman says no
foul play is suspected.
Alan G. Whicher: Oversaw Clinton's Secret Service detail. In October 1994
Whicher was transferred to the Secret Service field office in the Murrah
Building in Oklahoma City. Whatever warning was given to the BATF agents in
that building did not reach Alan Whicher, who died in the bomb blast of April
19th 1995.
Duane Garrett: Died July 26, 1995-A lawyer and a talk show host for KGO-AM in
San Fransisco, Duane was the campaign finance chairman for Diane Fienstien's
run for the senate, and was a friend and fundraiser for Al Gore. Garrett was
under investigation for defrauding investors in Garrett's failed sports
memorabilia venture. There was talk of a deal to evade prosecution. On July
26th, Garrett canceled an afternoon meeting with his lawyer because he had to
meet some people at the San Fransisco airport. Three hours later he was found
floating in the bay under the Golden Gate Bridge.
Ron Brown:. The Commerce Secretary died on April 3, 1996, in an Air Force jet
carrying Brown and 34 others, including 14 business executives on a trade
mission to Croatia, crashed into a mountainside. The Air Force, in a
22-volume report issued in June of 1996, confirmed its initial judgment that
the crash resulted from pilot errors and faulty navigation equipment At the time
of Brown's death, Independent Counsel Daniel Pearson was seeking to determine
whether Brown had engaged in several sham financial transactions with
longtime business partner Nolanda Hill shortly before he became secretary of
commerce.
Charles Meissner: died: UNK - Following Ron Brown's death, John Huang was
placed on a Commerce Department contract that allowed him to retain his
security clearance
by Charles Meissner. Shortly thereafter, Meissner died in the crash of a
small plane. He was an Assistant Secretary of Commerce for International
Economic Policy.
William Colby: Retired CIA director was found dead on May 6,1996 after his
wife reported him missing on April 27,1996. Apparently, Colby decided to go
on a impromptu canoeing excursion and never returned. Colby who had just
started writing for Strategic Investment newsletter, worried many in the
intelligent community. Colby's past history of divulging CIA secrets in the
past were well known. Strategic Investor had covered the Vince Foster suicide
and had hired handwriting experts to review Foster's suicide note.
Admiral Jeremy Boorda: Died on May 16,1996 after he went home for lunch and
decided to shoot himself in the chest (by one report, twice) rather than be
interviewed by Newsweek magazine that afternoon. Explanations for Boorda's
suicide focused on a claim that he was embarrassed over two "Valor"
pins he was not authorized to wear.
Lance Herndon: Herndon a 41 year old computer specialist and a prominent
entrepreneur who received a presidential appointment in 1995 died August 10,
1996 under suspicious circumstances. He appeared to have died from a blow to
the head. Police said no weapons were found at his mansion, adding that Mr.
Herndon had not been shot or stabbed and there was no evidence of forced
entry or theft.
Neil Moody: Died -August 25, 1996 Following Vincent Foster's murder, Lisa
Foster married James Moody, a judge in Arkansas, on Jan 1, 1996. Near the
time Susan McDougal first went to jail for contempt, Judge Moor's son, Neil
died in a car crash. There were other reports that Neil Moody had discovered
something very unsettling among his stepmother's private papers and was
threatening to go public with it just prior to the beginning of the
Democratic National Convention. He was alleged to have been talking to Bob
Woodward of the Washington Post about a blockbuster story. Witnesses said
they saw Neil Moody sitting in his car arguing with another person just prior
to His car suddenly speeding off out of control and hitting a brick wall.
Barbara Wise: Wise a 14-year Commerce Department employee found dead and
partially naked in her office following a long weekend. She worked in the
same section as John Huang. Officially, she is said to have died of natural
causes.
Doug Adams: Died January 7, 1997- A lawyer in Arkansas who got involved
trying to help the people who were being swindled out of their life savings.
Adams was found in his vehicle with a gunshot wound to his head in a
Springfield Mo. hospital parking lot.
Mary C. Mahoney: 25, murdered at the Georgetown Starbuck's coffee bar over
the 4th of July '97 weekend. She was a former White House intern who worked
with John Huang. Apparently she knew Monica Lewinsky and her sexual
encounters with Bill Clinton. Although not verified, it has been said that
Lewinsky told Linda Tripp that she did not want to end up like Mahoney.
Ronald Miller: Suddenly took ill on October 3rd,1997 and steadily worsened
until his death 9 days later. (This pattern fits Ricin poisoning.) Owing to
the strangeness of the illness, doctors at the Integris Baptist Medical
Center referred the matter to the Oklahoma State Medical Examiner's Office.
The Oklahoma State Medical Examiner's Office promptly ran tests on samples of
Ron Miller's blood, but has refused to release the results or even to confirm
that the tests were ever completed.
Had been investigated by authorities over the sale of his company, Gage Corp.
to Dynamic Energy Resources, Inc. was the man who tape recorded Gene and Nora
Lum and turned those tapes (and other records) over to congressional
oversight investigators. The Lums were sentenced to prison for campaign
finance violations, using "straw donors" to conceal the size of
their contributions to various candidates. Indeed, Dynamic Energy Resources,
Inc. had hired Ron Brown's son Michael solely for the purpose of funneling
$60,000 through him to the Commerce Secretary, according to Nolanda Hill's
testimony.
Sandy Hume: On Sunday, February 22nd, 1998, Sandy Hume, the 28 year old son
of journalist Britt Hume, was reportedly found dead in his Arlington,
Virginia home. Aside from the statement that this was an "apparent"
suicide, there remains in place a total media blackout on this story,
possibly out of concern that the actual facts will not withstand public scrutiny.
Worked for Hill magazine, about Congress for Congress.
Jim McDougal: Bill and Hillary Clinton friend, banker, and political ally,
sent to prison for eighteen felony convictions. A key whitewater witness,
dies of a heart attack on March, 8 1998. As of this writing allegations that
he was given an injection of the diuretic lasix has not been denied or
confirmed.
Died on March 8, 1998
Johnny Lawhon: 29, died March 29, 1998- The Arkansas transmission specialist
who discovered a pile of Whitewater documents in the trunk of an abandoned
car on his property and turned them over to Starr, was killed in a car wreck
two weeks after the McDougal death.. Details of the "accident" have
been sketchy -- even from the local Little Rock newspaper.
Charles Wilbourne Miller: 63, was found dead of a gunshot wound to the head
on November 17, 1998 in a shallow pit about 300 yards from his ranch house
near Little Rock. Police found a .410 gauge shotgun near Miller's body and a
Ruger .357-caliber revolver submerged in water. Investigators concluded the
Ruger was the weapon used by Miller to kill himself. Yet, two rounds in the
handgun's cylinder had been spent.
He had long served as executive vice president and member of the board of
directors for a company called Alltel and was deeply involved in his own
software engineering company until the day he died. Alltel is the successor
to Jackson Stephens' Systematics, the company that provided the software for
the White House's "Big Brother" data base system and that was
behind the administration's plan to develop the secret computer
"Clipper" chip to bug every phone, fax and email transmission in
America.
Carlos Ghigliotti: 42, was found dead in his home just outside of Washington
D.C. on April 28, 2000. There was no sign of a break-in or struggle at the
firm of Infrared Technology where the badly decomposed body of Ghigliotti was
found. Ghigliotti had not been seen for several weeks.
Ghigliotti, a thermal imaging analyst hired by the House Government Reform
Committee to review tape of the siege, said he determined the FBI fired shots
on April 19, 1993. The FBI has explained the light bursts on infrared footage
as reflections of sun rays on shards of glass or other debris that littered
the scene.
"I conclude this based on the groundview videotapes taken from several
different angles simultaneously and based on the overhead thermal tape,"
Ghigliotti told The Washington Post last October. "The gunfire from the
ground is there, without a doubt."
Ghigliotti said the tapes also confirm the Davidians fired repeatedly at FBI
agents during the assault, which ended when flames raced through the
compound. About 80 Branch Davidians perished that day, some from the fire,
others from gunshot wounds.
Mark Corallo, a spokesman for the congressional committee chaired by Rep. Dan
Burton, R-Ind., said that police found the business card of a committee
investigator in Ghigliotti's office. Corallo said Ghigliotti's work for the
committee ended some time ago.
Tony Moser: 41, was killed as he crossed a street in Pine Bluff, Ark on on
June 10, 2000. Killed 10 days after being named a columnist for the
Democrat-Gazette newspaper and two days after penning a stinging indictment
of political corruption in Little Rock.
Police have concluded that no charges will be filed against the unnamed
driver of a 1995 Chevrolet pickup, which hit Moser as he was walking alone in
the middle of unlit Rhinehart Road about 10:10 p.m
Police say they have ruled out foul play and will file no charges against the
driver because he was not intoxicated and there was no sign of excessive
speed.
http://www.albertpeia.com
http://www.albertpeia.com/currentopics10108.htm
http://www.albertpeia.com/wallstreetlunacy10108.htm
Pentagon Attempts To Memory Hole New Report That Dismisses Al Qaeda-Saddam
link The Pentagon has blocked the scheduled release of a definitive report
that found no pre-Iraq war link between late Iraqi President Saddam Hussein
and Al Qaeda.
http://www.albertpeia.com
http://www.albertpeia.com/currentopics10108.htm
http://www.albertpeia.com/wallstreetlunacy10108.htm
CLOSING NUMBERS STOCKS/METALS/OIL/COMMENTARY
(3-13-08) (DOW +35, NASDAQ +19, S&P +6) [CLOSE- OIL $110.33 (NEW RECORD)
/ GOLD $993.80 NEW INTRA-DAY HIGH ABOVE $1,000 FOR FIRST TIME AT $1,001.50/
SILVER $20.45/ PLATINUM $2,097.50/ DOLLAR AT NEW RECORD LOW AGAINST EURO
$1.56+, BELOW 100 YEN, ETC. (HOW LOW CAN YOU GO)]. SMART MONEY WOULD SELL
INTO THIS SUCKERS’ BEAR MARKET RALLY (TAKE PROFITS) WHICH IS BASED UPON B**L
S**T ALONE (NOTHING WHATSOEVER) AS STANDARD AND POORS ANALYST SAYS THE END OF
WRITEDOWNS MIGHT (BUT NOT QUITE) BE IN SIGHT (WHICH IS LIKE THAT BROKER WHO
SELLS STOCKS FOR A LIVING SAYING HE’S TRYING TO KEEP CLIENTS IN STOCKS
BECAUSE AT SOME POINT THEY’LL GO UP)…RIIIIIGHT….. WHICH IS MEANINGLESS COMING
FROM STANDARD AND POORS WHICH SHOULD BE ACCOUNTABLE/LIABLE (FOR THIS FRAUD)
ALONG WITH THE FRAUDS ON WALL STREET, ETC., FOR THE TRIPLE A RATED SECURITIES
ON THE BOOKS WHICH EVERYONE KNOWS ARE IN FACT NOT TRIPLE A (WORTHLESS JUNK
BONDS, ASSETS, ETC.) SPURRING 200+ POINT SWING TO THE UPSIDE. VAST MAJORITY
OF ECONOMISTS NOW SAY WE’RE IN RECESSION (EVEN DESPITE ELECTION YEAR
GIMMICKS-AS GOOD AS GETS). RETAIL SALES DOWN MORE THAN EXPECTED .6%,
FORECLOSURES UP 60% YEAR OVER YEAR, DOLLAR DOWN SHARPLY. ONE ANALYST SAYS
CONTINUED UNEMPLOYMENT/EMPLOYMENT WEAKNESS, PREMATURE TO SAY AS DID S&P
THAT WE’RE NEAR END OF WRITEDOWNS, MAJORITY OF ECONOMISTS NOW SAY WE’RE IN
RECESSION, HOUSING DOWNTURN MUCH FURTHER TO GO, VERY DEFENSIVE AS STOCKS
CONTINUE TO HIT NEW LOWS IN LARGE NUMBERS, WORST OF HOUSING CRISIS AHEAD, AND
THIS IS A BEAR MARKET IN A RECESSION ECONOMY. ANOTHER ECONOMIST/ANALYST SAYS
U.S. CURRENT ACCOUNT DEFICITS, LACK OF TRUST IN U.S. FINANCIAL INSTITUTIONS
AND TRIPLE A RATINGS (BONDS, ETC., WHICH EVERYONE KNOWS ARE NOT), BANKS’ NEED
FOR RECAPITALIZATION, LOW SAVINGS (IE., CONSUMERS USING IE., GIFT CARDS FOR
GROCERIES, ETC.), FED LOSING CREDIBILITY BY FLIP-FLOPS/WRONG MOVES, AND SEES
ONLY SHORT-COVERING RALLIES AT BEST. VENEZUELA SHIFT TO PAYMENT IN EUROS FOR
OIL OUT OF DOLLARS. YET ANOTHER ECONOMIST SAYS WITH MONEY SUPPLY INCREASING
AT EXORBITANT 27% PER ANNUM, CITING ECONOMIST FRIEDMAN SAYS
HYPER-INFLATIONARY (CONTRARY TO LAND OF FRUITS AND NUTS ECONOMISTS WHO THIS
DAY SEE LAND OF FRUITS AND NUTS REAL ESTATE DOWN 17.6%, SALES DOWN 40-45%,
AND MEDIAN HOME PRICES DOWN $100,000, AND BUDGET DEFICITS ACROSS THE BOARD).
3-12-08VERY MODEST DROP IN STOCKS RELATIVE TO REALITY, DOLLAR DOWN SHARPLY ON
PANICKY FED KNEE JERK FUNNY MONEY ACTION, ONE ANALYST/BROKER WHO SELLS STOCKS
FOR A LIVING SAYS HE’S TRYING TO KEEP CLIENTS IN STOCKS BECAUSE AT SOME POINT
THEY’LL GO UP…..RIIIIIGHT…..REFERENCES THAT THIS IS WORST R.E. DOWNTURN IN
100 YEARS AND NO BOTTOM YET IN R.E. AND WSJ SAYS WORSE TO COME IN BAD PAPER
(WRITEDOWNS, ETC.), AN OIL ANALYST SAYS RECORD HIGH OIL PRICES ARE HEDGE
AGAINST FALLING DOLLAR WITH A LOT OF DOLLARS RELATIVE TO GOODS (AS IE., OIL,
OTHER COMMODITIES, ETC.-HYPERINFLATION) AND IF YOU HOLD DOLLARS/DOLLAR
DENOMINATED ASSETS/SECURITIES YOU LOSE VALUE AND SEES $4.00 GAS NATIONWIDE
WITH RECORD DIESEL, WHILE ANOTHER ANALYST SAYS THAT SEEING FED GO FROM LENDER
OF LAST RESORT TO LENDER (PRINTER) OF FIRST RESORT IS WORRISOME/TROUBLESOME.
3-11-08 SUCKERS’ BEAR MARKET IRRATIONALLY EXUBERANT NEW EPHEMERAL BUBBLE RALLY
ON FED FEAR AND TREMBLING PANIC MOVE TO ADD $200 BILLION IN WORLDWIDE
LIQUIDITY BY TEMPORARILY REPLACING (28 DAYS) ONE TYPE OF FUNNY-MONEY
(WORTHLESS SUBPRIME COLLATERALIZED DEBT) WITH ANOTHER LONGER TERM WORTHLESS
FUNNY-MONEY (U.S. DEBT WHICH CAN’T BE PAID BACK) WHICH IS A GREAT B.S.
TALKING POINT BUT JUST A DROP IN THE BUCKET CONSIDERING THE MAGNITUDE OF THE
UNDISCLOSED WRITEDOWNS/WORTHLESS PAPER BEING HELD(AND, CURING A BUBBLE WITH A
NEW BUBBLE-I DON'T THINK SO), ONE ANALYST POINTS TO THE HYPERINFLATIONARY
EFFECTS OF TOO MUCH LIQUIDITY CHASING TOO FEW GOODS AND MORE BAD NEWS TO COME
IN TECH SECTOR AND EARNINGS ALONG WITH MORE WRITEOFFS/WRITEDOWNS WITH WORSE
TO COME/NO BOTTOM YET AND HE REMAINS A BEAR, LAND OF FRUITS AND NUTS
ECONOMIST SAYS BAD BUT NOT TECHNICALLY RECESSION BASED ON GOVERNMENT
ELECTION-YEAR DATA (ONLY NUTS AND NUTS FROM THE LAND OF FRUITS AND NUTS
BELIEVE SAME) WHILE TWO OTHER ECONOMISTS SAY RECESSION WITH STRUCTURAL
PROBLEMS/HIGH INFLATION/LOWER DOLLAR AS FOREIGNERS/INVESTORS GET OUT OF
WORTHLESS DOLLAR WITH BIG TROUBLE FOR U.S. POST-ELECTION AS REALITY SETS IN,
TRADE GAP WIDENED, AND SMART MONEY WOULD SELL THIS RALLY/TAKE PROFITS.
http://www.albertpeia.com
http://www.albertpeia.com/currentopics10108.htm
http://www.albertpeia.com/wallstreetlunacy10108.htm
SELL INTO THE SUCKERS’ BEAR MARKET RALLY/TAKE PROFITS
(3-13-08) (DOW +35, NASDAQ +19, S&P +6) [CLOSE- OIL $110.33 (NEW RECORD)
/ GOLD $993.80 NEW INTRA-DAY HIGH ABOVE $1,000 FOR FIRST TIME AT $1,001.50/
SILVER $20.45/ PLATINUM $2,097.50/ DOLLAR AT NEW RECORD LOW AGAINST EURO
$1.56+, BELOW 100 YEN, ETC. (HOW LOW CAN YOU GO)]. SMART MONEY WOULD SELL
INTO THIS SUCKERS’ BEAR MARKET RALLY (TAKE PROFITS) WHICH IS BASED UPON B**L
S**T ALONE (NOTHING WHATSOEVER) AS STANDARD AND POORS ANALYST SAYS THE END OF
WRITEDOWNS MIGHT (BUT NOT QUITE) BE IN SIGHT (WHICH IS LIKE THAT BROKER WHO
SELLS STOCKS FOR A LIVING SAYING HE’S TRYING TO KEEP CLIENTS IN STOCKS
BECAUSE AT SOME POINT THEY’LL GO UP)…RIIIIIGHT….. WHICH IS MEANINGLESS COMING
FROM STANDARD AND POORS WHICH SHOULD BE ACCOUNTABLE/LIABLE (FOR THIS FRAUD)
ALONG WITH THE FRAUDS ON WALL STREET, ETC., FOR THE TRIPLE A RATED SECURITIES
ON THE BOOKS WHICH EVERYONE KNOWS ARE IN FACT NOT TRIPLE A (WORTHLESS JUNK
BONDS, ASSETS, ETC.) SPURRING 200+ POINT SWING TO THE UPSIDE. VAST MAJORITY
OF ECONOMISTS NOW SAY WE’RE IN RECESSION (EVEN DESPITE ELECTION YEAR
GIMMICKS-AS GOOD AS GETS). RETAIL SALES DOWN MORE THAN EXPECTED .6%,
FORECLOSURES UP 60% YEAR OVER YEAR, DOLLAR DOWN SHARPLY. ONE ANALYST SAYS
CONTINUED UNEMPLOYMENT/EMPLOYMENT WEAKNESS, PREMATURE TO SAY AS DID S&P
THAT WE’RE NEAR END OF WRITEDOWNS, MAJORITY OF ECONOMISTS NOW SAY WE’RE IN
RECESSION, HOUSING DOWNTURN MUCH FURTHER TO GO, VERY DEFENSIVE AS STOCKS
CONTINUE TO HIT NEW LOWS IN LARGE NUMBERS, WORST OF HOUSING CRISIS AHEAD, AND
THIS IS A BEAR MARKET IN A RECESSION ECONOMY. ANOTHER ECONOMIST/ANALYST SAYS
U.S. CURRENT ACCOUNT DEFICITS, LACK OF TRUST IN U.S. FINANCIAL INSTITUTIONS
AND TRIPLE A RATINGS (BONDS, ETC., WHICH EVERYONE KNOWS ARE NOT), BANKS’ NEED
FOR RECAPITALIZATION, LOW SAVINGS (IE., CONSUMERS USING IE., GIFT CARDS FOR
GROCERIES, ETC.), FED LOSING CREDIBILITY BY FLIP-FLOPS/WRONG MOVES, AND SEES
ONLY SHORT-COVERING RALLIES AT BEST. VENEZUELA SHIFT TO PAYMENT IN EUROS FOR
OIL OUT OF DOLLARS. YET ANOTHER ECONOMIST SAYS WITH MONEY SUPPLY INCREASING
AT EXORBITANT 27% PER ANNUM, CITING ECONOMIST FRIEDMAN SAYS
HYPER-INFLATIONARY (CONTRARY TO LAND OF FRUITS AND NUTS ECONOMISTS WHO THIS
DAY SEE LAND OF FRUITS AND NUTS REAL ESTATE DOWN 17.6%, SALES DOWN 40-45%,
AND MEDIAN HOME PRICES DOWN $100,000, AND BUDGET DEFICITS ACROSS THE BOARD).
3-12-08VERY MODEST DROP IN STOCKS RELATIVE TO REALITY, DOLLAR DOWN SHARPLY ON
PANICKY FED KNEE JERK FUNNY MONEY ACTION, ONE ANALYST/BROKER WHO SELLS STOCKS
FOR A LIVING SAYS HE’S TRYING TO KEEP CLIENTS IN STOCKS BECAUSE AT SOME POINT
THEY’LL GO UP…..RIIIIIGHT…..REFERENCES THAT THIS IS WORST R.E. DOWNTURN IN
100 YEARS AND NO BOTTOM YET IN R.E. AND WSJ SAYS WORSE TO COME IN BAD PAPER
(WRITEDOWNS, ETC.), AN OIL ANALYST SAYS RECORD HIGH OIL PRICES ARE HEDGE
AGAINST FALLING DOLLAR WITH A LOT OF DOLLARS RELATIVE TO GOODS (AS IE., OIL,
OTHER COMMODITIES, ETC.-HYPERINFLATION) AND IF YOU HOLD DOLLARS/DOLLAR
DENOMINATED ASSETS/SECURITIES YOU LOSE VALUE AND SEES $4.00 GAS NATIONWIDE
WITH RECORD DIESEL, WHILE ANOTHER ANALYST SAYS THAT SEEING FED GO FROM LENDER
OF LAST RESORT TO LENDER (PRINTER) OF FIRST RESORT IS WORRISOME/TROUBLESOME.
3-11-08 SUCKERS’ BEAR MARKET IRRATIONALLY EXUBERANT NEW EPHEMERAL BUBBLE
RALLY ON FED FEAR AND TREMBLING PANIC MOVE TO ADD $200 BILLION IN WORLDWIDE
LIQUIDITY BY TEMPORARILY REPLACING (28 DAYS) ONE TYPE OF FUNNY-MONEY
(WORTHLESS SUBPRIME COLLATERALIZED DEBT) WITH ANOTHER LONGER TERM WORTHLESS
FUNNY-MONEY (U.S. DEBT WHICH CAN’T BE PAID BACK) WHICH IS A GREAT B.S.
TALKING POINT BUT JUST A DROP IN THE BUCKET CONSIDERING THE MAGNITUDE OF THE
UNDISCLOSED WRITEDOWNS/WORTHLESS PAPER BEING HELD(AND, CURING A BUBBLE WITH A
NEW BUBBLE-I DON'T THINK SO), ONE ANALYST POINTS TO THE HYPERINFLATIONARY
EFFECTS OF TOO MUCH LIQUIDITY CHASING TOO FEW GOODS AND MORE BAD NEWS TO COME
IN TECH SECTOR AND EARNINGS ALONG WITH MORE WRITEOFFS/WRITEDOWNS WITH WORSE
TO COME/NO BOTTOM YET AND HE REMAINS A BEAR, LAND OF FRUITS AND NUTS
ECONOMIST SAYS BAD BUT NOT TECHNICALLY RECESSION BASED ON GOVERNMENT ELECTION-YEAR
DATA (ONLY NUTS AND NUTS FROM THE LAND OF FRUITS AND NUTS BELIEVE SAME) WHILE
TWO OTHER ECONOMISTS SAY RECESSION WITH STRUCTURAL PROBLEMS/HIGH
INFLATION/LOWER DOLLAR AS FOREIGNERS/INVESTORS GET OUT OF WORTHLESS DOLLAR
WITH BIG TROUBLE FOR U.S. POST-ELECTION AS REALITY SETS IN, TRADE GAP
WIDENED, AND SMART MONEY WOULD SELL THIS RALLY/TAKE PROFITS.
http://www.albertpeia.com
http://www.albertpeia.com/currentopics10108.htm
http://www.albertpeia.com/wallstreetlunacy10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/currentopics10108.htm
http://www.albertpeia.com/wallstreetlunacy10108.htm
http://prisonplanet.com/articles/march2008/120308Iran.htm
The Joint Chiefs Chairman, Secretary of Defense and "Almost Every Senior
Military Officer ... is Against Launching Military Strikes Against Iran"
George Washington's Blog Wednesday, March 12, 2008 You've probably heard by
now that the Commander of Centcom, Admiral Fallon, who has been described as
the guy standing in the way of war with Iran, just resigned. The implications
are so obvious that the Secretary of Defense was forced to try to calm the
public. Today, he "described as 'ridiculous' any notion that Fallon's
departure signals the United States is planning to go to war with Iran".
The good news is that, according to NBC's chief Pentagon correspondent, the
chairman of the Joint Chiefs, the Secretary of Defense and "almost every
senior military officer we've talked to is against launching military strikes
against Iran". Let's hope that - even with Fallon's resignation - that
the wisdom of military leaders concerning the folly of attacking Iran (and
starting WWIII) prevails against the civilian chicken-hawk leaders who want
to bomb Iran for reasons having nothing to do with the security of the United
States.
http://www.albertpeia.com
http://www.albertpeia.com/currentopics10108.htm
http://www.albertpeia.com/wallstreetlunacy10108.htm
http://prisonplanet.com/articles/march2008/110308Cocaine.htm
http://www.albertpeia.com/CIAAgentAffidavit1.jpg
CASH INFUSION-NO PROBLEMMO FOR BUSH CRIME GROUP; PLENTY OF CASH IN WAR
PROFITEERING AND ILLEGAL DRUGS.
How will President George W. Bush personally make millions (if not billions)
from the War on Terror and Iraq? The old fashioned way. He'll inherit it.
Meet The Carlyle Group
Former World Leaders and Washington Insiders Making Billions in Terrorism
Ex-DEA Head Admits CIA Imported Cocaine
http://prisonplanet.com/articles/march2008/110308Cocaine.htm
http://www.albertpeia.com/CIAAgentAffidavit1.jpg
http://www.albertpeia.com
http://www.albertpeia.com/currentopics10108.htm
http://www.albertpeia.com/wallstreetlunacy10108.htm
SELL INTO THE SUCKERS’ BEAR MARKET RALLY/TAKE PROFITS
3-12-08) (DOW -47, NASDAQ -12, S&P -12) [CLOSE- OIL $109.92 (NEW
INTRA-DAY HIGH $110.20) / GOLD $980.50 / SILVER $20/ PLATINUM $2,070/ DOLLAR
AT NEW RECORD LOW AGAINST EURO $1.55+ (HOW LOW CAN YOU GO)]. VERY MODEST DROP
IN STOCKS RELATIVE TO REALITY, DOLLAR DOWN SHARPLY ON PANICKY FED KNEE JERK
FUNNY MONEY ACTION, ONE ANALYST/BROKER WHO SELLS STOCKS FOR A LIVING SAYS HE’S
TRYING TO KEEP CLIENTS IN STOCKS BECAUSE AT SOME POINT THEY’LL GO
UP…..RIIIIIGHT…..REFERENCES THAT THIS IS WORST R.E. DOWNTURN IN 100 YEARS AND
NO BOTTOM YET IN R.E. AND WSJ SAYS WORSE TO COME IN BAD PAPER (WRITEDOWNS,
ETC.), AN OIL ANALYST SAYS RECORD HIGH OIL PRICES ARE HEDGE AGAINST FALLING
DOLLAR WITH A LOT OF DOLLARS RELATIVE TO GOODS (AS IE., OIL, OTHER
COMMODITIES, ETC.-HYPERINFLATION) AND IF YOU HOLD DOLLARS/DOLLAR DENOMINATED
ASSETS/SECURITIES YOU LOSE VALUE AND SEES $4.00 GAS NATIONWIDE WITH RECORD
DIESEL, WHILE ANOTHER ANALYST SAYS THAT SEEING FED GO FROM LENDER OF LAST
RESORT TO LENDER (PRINTER) OF FIRST RESORT IS WORRISOME/TROUBLESOME. 3-11-08
SUCKERS’ BEAR MARKET IRRATIONALLY EXUBERANT NEW EPHEMERAL BUBBLE RALLY ON FED
FEAR AND TREMBLING PANIC MOVE TO ADD $200 BILLION IN WORLDWIDE LIQUIDITY BY
TEMPORARILY REPLACING (28 DAYS) ONE TYPE OF FUNNY-MONEY (WORTHLESS SUBPRIME
COLLATERALIZED DEBT) WITH ANOTHER LONGER TERM WORTHLESS FUNNY-MONEY (U.S.
DEBT WHICH CAN’T BE PAID BACK) WHICH IS A GREAT B.S. TALKING POINT BUT JUST A
DROP IN THE BUCKET CONSIDERING THE MAGNITUDE OF THE UNDISCLOSED
WRITEDOWNS/WORTHLESS PAPER BEING HELD(AND, CURING A BUBBLE WITH A NEW
BUBBLE-I DON'T THINK SO), ONE ANALYST POINTS TO THE HYPERINFLATIONARY EFFECTS
OF TOO MUCH LIQUIDITY CHASING TOO FEW GOODS AND MORE BAD NEWS TO COME IN TECH
SECTOR AND EARNINGS ALONG WITH MORE WRITEOFFS/WRITEDOWNS WITH WORSE TO
COME/NO BOTTOM YET AND HE REMAINS A BEAR, LAND OF FRUITS AND NUTS ECONOMIST
SAYS BAD BUT NOT TECHNICALLY RECESSION BASED ON GOVERNMENT ELECTION-YEAR DATA
(ONLY NUTS AND NUTS FROM THE LAND OF FRUITS AND NUTS BELIEVE SAME) WHILE TWO
OTHER ECONOMISTS SAY RECESSION WITH STRUCTURAL PROBLEMS/HIGH INFLATION/LOWER
DOLLAR AS FOREIGNERS/INVESTORS GET OUT OF WORTHLESS DOLLAR WITH BIG TROUBLE FOR
U.S. POST-ELECTION AS REALITY SETS IN, TRADE GAP WIDENED, AND SMART MONEY
WOULD SELL THIS RALLY/TAKE PROFITS.
http://www.albertpeia.com/wallstreetlunacy10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/currentopics10108.htm
…..He wants troop levels in Iraq down now, and he wants the Afghan National
Army running the show throughout most of Afghanistan by the end of this year.
Fallon says he wants to move the pile dramatically in the time he's got
remaining, however long that may be. And he gets frustrated. "I grind my
teeth at the pace of change."…..
http://www.albertpeia.com
http://www.albertpeia.com/currentopics10108.htm
http://www.albertpeia.com/wallstreetlunacy10108.htm
The recent documentary film BEYOND TREASON details the horrific effects of
depleted uranium exposure on American troops and Iraqi civilians in the Gulf
...http://www.mindfully.org/Nucs/2006/DU-Europe-Moret26feb06.htm
Joyce Riley, spokeswoman for the American Gulf War Veterans Association,
called the report "one more blow" for soldiers returned from the
war. That group and others maintain that as many as 150,000 Gulf War veterans
suffer from disabling symptoms unique to their service in Iraq and Kuwait but
that full compensation remains out of reach.
Riley called the debate over a definition of Gulf War syndrome
"meaningless." "Are they sick, or are they not sick,"
says Riley, a former Air Force captain who served in the Gulf War.
Some studies have found increased rates of birth defects in children of
soldiers, though results are inconsistent. Of defects that have been
observed, urinary tract abnormalities are the most consistent, the report
said.
http://www.albertpeia.com
http://www.albertpeia.com/currentopics10108.htm
http://www.albertpeia.com/wallstreetlunacy10108.htm
(3-11-08) (DOW +417, NASDAQ +86, S&P +47) [CLOSE- OIL $108.75 (new
intra-day high $109.72) / GOLD $973 / SILVER $19.65/ PLATINUM $2,053/ DOLLAR
AT NEW RECORD LOW AGAINST EURO $1.54+ (near 1.55-How low can you go)].
Suckers’ bear market irrationally exuberant new EPHEMERAL bubble rally on fed
fear and trembling panic move TO ADD $200 BILLION IN WORLDWIDE LIQUIDITY BY
TEMPORARILY REPLACING (28 DAYS) ONE TYPE OF FUNNY-MONEY (WORTHLESS SUBPRIME
COLLATERALIZED DEBT) WITH ANOTHER LONGER TERM WORTHLESS FUNNY-MONEY (U.S.
DEBT WHICH CAN’T BE PAID BACK) WHICH IS A GREAT B.S. TALKING POINT BUT JUST A
DROP IN THE BUCKET CONSIDERING THE MAGNITUDE OF THE UNDISCLOSED
WRITEDOWNS/WORTHLESS PAPER BEING HELD (AND, CURING A BUBBLE WITH A NEW
BUBBLE-I DON'T THINK SO), ONE ANALYST POINTS TO THE HYPERINFLATIONARY EFFECTS
OF TOO MUCH LIQUIDITY CHASING TOO FEW GOOD AND MORE BAD NEWS TO COME IN TECH
SECTOR AND EARNINGS ALONG WITH MORE WRITEOFFS/WRITEDOWNS WITH WORSE TO
COME/NO BOTTOM YET AND HE REMAINS A BEAR, LAND OF FRUITS AND NUTS ECONOMIST
SAYS BAD BUT NOT TECHNICALLY RECESSION BASED ON GOVERNMENT ELECTION-YEAR DATA
(ONLY NUTS AND NUTS FROM THE LAND OF FRUITS AND NUTS BELIEVE SAME) WHILE TWO
OTHER ECONOMISTS SAY RECESSION WITH STRUCTURAL PROBLEMS/HIGH INFLATION/LOWER
DOLLAR AS FOREIGNERS/INVESTORS GET OUT OF WORTHLESS DOLLAR WITH BIG TROUBLE
FOR U.S. POST-ELECTION AS REALITY SETS IN, TRADE GAP WIDENED, AND SMART MONEY
WOULD SELL THIS RALLY/TAKE PROFITS.
http://www.albertpeia.com/wallstreetlunacy10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/currentopics10108.htm
(3-11-08) (DOW +417, NASDAQ +86, S&P +47) [CLOSE- OIL $108.75 (NEW
INTRA-DAY HIGH $109.72) / GOLD $973 / SILVER $19.65/ PLATINUM $2,053/ DOLLAR
AT NEW RECORD LOW AGAINST EURO $1.54+ (NEAR 1.55-HOW LOW CAN YOU GO)].
SUCKERS’ BEAR MARKET IRRATIONALLY EXUBERANT NEW EPHEMERAL BUBBLE RALLY ON FED
FEAR AND TREMBLING PANIC MOVE TO ADD $200 BILLION IN WORLDWIDE LIQUIDITY BY
TEMPORARILY REPLACING (28 DAYS) ONE TYPE OF FUNNY-MONEY (WORTHLESS SUBPRIME
COLLATERALIZED DEBT) WITH ANOTHER LONGER TERM WORTHLESS FUNNY-MONEY (U.S.
DEBT WHICH CAN’T BE PAID BACK) WHICH IS A GREAT B.S. TALKING POINT BUT JUST A
DROP IN THE BUCKET CONSIDERING THE MAGNITUDE OF THE UNDISCLOSED
WRITEDOWNS/WORTHLESS PAPER BEING HELD (AND, CURING A BUBBLE WITH A NEW
BUBBLE-I DON'T THINK SO), ONE ANALYST POINTS TO THE HYPERINFLATIONARY EFFECTS
OF TOO MUCH LIQUIDITY CHASING TOO FEW GOOD AND MORE BAD NEWS TO COME IN TECH
SECTOR AND EARNINGS ALONG WITH MORE WRITEOFFS/WRITEDOWNS WITH WORSE TO
COME/NO BOTTOM YET AND HE REMAINS A BEAR, LAND OF FRUITS AND NUTS ECONOMIST
SAYS BAD BUT NOT TECHNICALLY RECESSION BASED ON GOVERNMENT ELECTION-YEAR DATA
(ONLY NUTS AND NUTS FROM THE LAND OF FRUITS AND NUTS BELIEVE SAME) WHILE TWO
OTHER ECONOMISTS SAY RECESSION WITH STRUCTURAL PROBLEMS/HIGH INFLATION/LOWER
DOLLAR AS FOREIGNERS/INVESTORS GET OUT OF WORTHLESS DOLLAR WITH BIG TROUBLE
FOR U.S. POST-ELECTION AS REALITY SETS IN, TRADE GAP WIDENED, AND SMART MONEY
WOULD SELL THIS RALLY/TAKE PROFITS.
http://www.albertpeia.com/wallstreetlunacy10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/currentopics10108.htm
Obama leads in delegates, popular vote, number of states, etc., and now after
saying he’s not ready, say he is ready to be a heart-beat away from another
corrupt bush/clinton presidency. Criminal clintons push a Hillary/Obama
ticket. What have the criminal Clintons been smoking?
http://www.albertpeia.com
http://www.albertpeia.com/currentopics10108.htm
http://www.albertpeia.com/wallstreetlunacy10108.htm
ANALYST/JOURNALIST SAYS SELL DOLLAR DENOMINATED STOCKS/SECURITIES/ASSETS
WHICH HAVE MUCH FURTHER TO FALL AND REITERATES AS DID BARRON’S THAT MORTGAGE
INSURERS HAVE OVER $5 TRILLION IN DEBT/EXPOSURE AND THAT MANY OF THE NATIONS
BANKS ARE ALREADY INSOLVENT SO GET OUT OF THE DOLLAR AND U.S. STOCKS.
More Leading Economists Say US Is Now In Recession
More leading economists have conceded that the US economy is now in recession
after figures, released on Friday, revealed a second successive monthly fall
in employment.
http://www.albertpeia.com
http://www.albertpeia.com/currentopics10108.htm
http://www.albertpeia.com/wallstreetlunacy10108.htm
By DICK MORRIS & EILEEN MCGANN
Published in the New York Post on March 9, 2008.
Clintons are trying to steal the nomination from Barack Obama - and he can't
let them.
The Clintons' campaign attacks put Obama in a bind.
If he doesn't answer in kind, he's toast.
But if he does, they'll have forced him off his winning message of hope and
change from the bitter politics of the Bill Clinton and George W. Bush eras.
If they pull him off his game and onto theirs, they can wrest away the
Democratic convention victory that he's earned.
The solution for Obama is clear: Reply in kind, but do it through
surrogates….. http://www.vote.com/mmp_printerfriendly.php?id=777
http://www.albertpeia.com
http://www.albertpeia.com/currentopics10108.htm
http://www.albertpeia.com/wallstreetlunacy10108.htm
http://thehill.com/dick-morris/its-over-2008-03-06.html
http://www.albertpeia.com
http://www.albertpeia.com/currentopics10108.htm
http://www.albertpeia.com/wallstreetlunacy10108.htm
http://www.timesonline.co.uk/tol/comment/columnists/andrew_sullivan/article3510778.ece
http://www.albertpeia.com
http://www.albertpeia.com/currentopics10108.htm
http://www.albertpeia.com/wallstreetlunacy10108.htm
(3-7-08) (DOW –146, NASDAQ -8, S&P –11) [CLOSE- OIL $105.45 (NEW
INTRA-DAY HIGH ABOVE $106)/ GOLD $974.20 / SILVER $20.14/ PLATINUM $2,025/
DOLLAR AT NEW RECORD LOW AGAINST EURO $1.54 HOW LOW CAN YOU GO]. MODEST DROP
IN STOCKS RELATIVE TO REALITY, BAD EMPLOYMENT/JOBS DATA ACROSS ALL SECTORS AS
63,000 JOBS LOST WITH DOWNWARD REVISIONS TO DECEMBER AND JANUARY (ACTUALLY
LOST 20,000) JOBS NUMBERS, ONE ANALYST SAYS WE’RE IN A RECESSION WHILE MORE
ECONOMISTS SAY RECESSION WITH ONE STATING THAT YOU ALMOST NEVER SEE
BACK-TO-BACK MONTHLY DECLINE IN EMPLOYMENT WITHOUT RECESSION AS NOW, DOLLAR
AT NEW RECORD LOWS, CONSUMERS INCREASED BORROWING TO STAY AFLOAT, WASHINGTON
MUTUAL FURTHER DOWNGRADES, SUPPORT LEVELS BROKEN TO THE DOWNSIDE. 3-6-08
MODEST DROP IN STOCKS RELATIVE TO REALITY TO KEEP THE SUCKERS SUCKERED AND
THE COMPUTERIZED COMMISSION TRADE DOLLARS FLOWING. 23% INCREASE IN
FORECLOSURES IN FOURTH QUARTER NEW RECORD HIGH, DOLLAR AT NEW RECORD LOWS,
10% OF HOMES WITH 0 OR NEGATIVE EQUITY, MORTGAGE BANKERS ASSOCIATION SAYS
HOME FORECLOSURES AT ALL-TIME HIGH AND GOING HIGHER, ONE R.E. ANALYST SAYS
ROUGH YEAR AHEAD WITH FORECLOSURES AND DEFAULTS UP, ONE ANALYST SAYS MARKET
WILL TEST NEW LOWS/SUPPORT LEVELS WITH FLIGHT TO “QUALITY”/TREASURIES, LENDER
THORNBURG DEFAULTS AND ALONG WITH WASHINGTON MUTUAL IS DOWNGRADED, CONTINUING
CLAIMS FOR UNEMPLOYMENT AT HIGH LEVELS MEANS COMPANIES SHRINKING, IGNORE
KNEE-JERK ELECTION YEAR GOVERNMENT HUNKY DORY FAKE REPORTS. 3-5-08 OIL
INVENTORIES LESS THAN EXPECTED, FED BEIGE BOOK CITES ECONOMIC WEAKNESS
PARTICULARLY SINCE BEGINNING OF THE YEAR, LABOR COSTS ROSE, RISING PRICE PRESSURES/STAGFLATION,
RECESSION/BEAR MARKET, ONE ANALYST SAYS TOUGH FIRST HALF RECOMMENDS
MULTINATIONALS WITH 50% OVERSEAS EARNINGS (FAVORABLE CURRENCY TRANSLATION)
AND CONSUMER STAPLES/HEALTH RELATED/DEFENSIVE STOCKS, AMBAC TO FLOAT STOCK TO
SHORE UP BALANCE SHEET TO TUNE OF $1.5 BILLION/DILUTION AND SHARES FALL $2 TO
$8.70, OIL ANALYST CITES DECLINE IN OIL INVENTORIES/DIESEL/JET FUEL AND WEAK
DOLLAR AND TOP $108-$110 BUT $120-$130 IF VENEZUELA/COLUMBIA CONFLICT AND
MORE RECORD HIGH GAS PRICES TO COME, ANOTHER ECONOMIST/ANALYST SAYS CONTINUED
DECLINE IN REAL ESTATE/HOUSING WITH STARTS DOWN 15-20-40% ON WELL DESERVED
PESSIMISM/CREDIT CRUNCH. 3-4-08 SUCKERS’ BEAR MARKET RALLY INTO THE CLOSE
BASED ON B**L S**T ALONE, VIZ., RUMOR/SPECULATION ABOUT YET ANOTHER BAILOUT
FOR WALL STREET/AMBAC/BOND INSURERS AND OVER 200 POINT SWING TO THE UPSIDE
BASED ON NOTHING WHATSOEVER, ONE ECONOMIST/ANALYST NOTES THIS IS THE DEEPEST
HOUSING DECLINE SINCE GREAT DEPRESSION, BERNANKE SAYS ANOTHER SPIKE IN
FORECLOSURES AHEAD AND PROPOSES REDUCTION OF PRINCIPAL AMOUNTS IN EXISTING
LOANS (SOUNDS LIKE A PLAN…..RIIIIIGHT!), KEN SHREVE FINANCE EDITOR INVESTORS
BUSINESS DAILY SAYS BEAR MARKET 6-9 MONTHS/ DON’T TRY TO CATCH A FALLING
KNIFE AS INSTITUTIONS STILL SELLING/KEEP MONEY SAFE IN 3% MONEY MARKET FOR
TIME BEING, ONE OIL ANALYST SAYS OIL HIGHER BEFORE LOWER AS EXPECTED RATE CUT
WILL FURTHER WEAKEN DOLLAR AND DRIVE UP OIL/COMMODITIES PRICES AND PROBLEMS
IN CONSUMER DEBT IN ADDITION TO MORTGAGES AND NOBODY WANTS TO HOLD DOLLARS,
3-3-08 SUCKERS’ BEAR MARKET RALLY INTO THE CLOSE, YES WE ARE IN A RECESSION
FROM SOMEONE WHO UNLIKE THE FRAUDS ON WALL STREET HAS READ SECURITY ANALYSIS
BY GRAHAM, DODD, AND COTTLE AND UNDERSTANDS IT (WARREN BUFFET), ALL NEWS
NEGATIVE, IE., ISM MANUFACTURING INDEX DOWN TO 48.3 (CONTRACTION), CAR SALES
DOWN AT GM (-12%) AND FORD (-7%), CONSTRUCTION SPENDING DOWN MOST IN 14
YEARS, OIL ANALYSTS POINT TO THE NEW HIGHS WHILE ECONOMIST/ANALYST SAYS
DOLLAR HAS FALLEN THROUGH ALL SUPPORT LEVELS MEANING MORE BOTTOMS TO COME,
INFLATION OUTPACING CONSUMER SPENDING (EVEN WITH SPENDING NUMBER HIGHER THAN
EXPECTED WHICH PROBABLY MEANS REALITY WAS NEGATIVE), CONSUMER
CONFIDENCE/SENTIMENT DOWN SHARPLY, CHICAGO MANUFACTURING INDEX DOWN
INDICATING CONTRACTION, $5.29 BILLION LOSS FOR AIG ON WRITEOFFS, INTRA DAY
HIGH FOR OIL OVER $103, INFLATION/WEAK DOLLAR/ECONOMIC WEAKNESS=STAGFLATION,
FOURTH MONTHLY DECLINE IN A ROW FOR STOCK MARKET, ONE ECONOMIST/ANALYST IF
NOT THEN ALMOST IN RECESSION WITH WORSE INFLATION NEWS AND INFLATION ADJUSTED
INCOME/SPENDING FLAT, ANOTHER ECONOMIST/ANALYST SAYS RECESSION AND CITES
NEGATIVE SAVINGS RATE AND FURTHER ECONOMIC WEAKNESS, ANALYST SAYS CONTINUED
ECONOMIC WEAKNESS WITH FURTHER DOLLAR DECLINE SO BULLISH ON METALS AND
BEARISH ON STOCKS, AND YET ANOTHER ECONOMIST/ANALYST SAYS INFLATION/RECESSION
BUT NOT DEPRESSION…..RIIIIIGHT, GDP GROWTH REPORTED MUCH LESS THAN EXPECTED
(BUT CLOSER TO REALITY) AT MINISCULE .6%, UNEMPLOYMENT CLAIMS JUMP 19,000 TO
373,000 AT HIGHEST LEVEL SINCE POST KATRINA, BERNANKE SAYS CONSUMER WORSE OFF
THAN JUST AFTER 911(?) AND THAT SOME BANKS COULD (WILL) FAIL AND THAT
STAGFLATION WILL NOT BE AS BAD AS THE 70’S, FANNIE MAE AND FREDDIE MAC SHOW
MASSIVE LOSSES, ONE ANALYST 50 YEARS IN THE BUSINESS SEES RECESSION AND SAYS
FINANCIALS HAVE BECOME IMPENETRABLE IN TERMS OF ANALYSIS/LOSSES, ANOTHER
ECONOMIST/ANALYST SAYS WE’RE NOWHERE NEAR IMPROVEMENT IN R.E./HOUSING MARKET,
YET ANOTHER ECONOMIST/ANALYST SAYS RECESSION WITH HIGHER INFLATION LOWER
GROWTH (STAGFLATION) AND THAT FED FORECASTS HAVE BEEN WRONG AND ONLY
RECESSION TO BRING DOWN INFLATION, NEW RECORD LOW FOR DOLLAR AGAINST EURO AND
SWISS FRANC (AND EVEN WORTH LESS THAN THE LOWLY CANADIAN LOONEY, ETC.) WHICH
ALONG WITH DEFICIT SPENDING IS HYPERINFLATIONARY AS OIL SEES NEW INTRADAY HIGH
OF $102.64, SALES/ORDERS OF DURABLE GOODS DOWN MORE THAN EXPECTED 5.3%,
BERNANKE’S NEGATIVE COMMENTS ON GREENSPAN RECESSION PROMISES RATE CUTS FOR
NEW BUBBLE WHICH RALLIES STOCKS, ONE ANALYST SAYS BANKS AS THEIR OWN INSURERS
INCREASES RISK, ANOTHER ANALYST SAYS CONTINUED DEFICIT SPENDING INCREASES
INFLATIONARY PROBLEMS/RISK, FORECLOSURES/BANK REPO’S UP 90% YEAR OVER YEAR,
REGULATORS PREDICT OVER 100 BANK FAILURES, FORECLOSURES UP 57% IN JANUARY,
WHOLESALE INFLATION UP MUCH HIGHER THAN EXPECTED 7.5% (CORE RATE 4+%), 9%
DROP IN HOME VALUES/PRICES, CONSUMER CONFIDENCE DOWN TO 17 YEAR LOW, ELECTION
YEAR/PROTECT INCOMPETENT INCUMBENT GOV’T PRINTING WORTHLESS DOLLARS LIKE MAD
WITH EXCESS LIQUIDITY CHASING TOO FEW GOODS (IE., FOOD UP 6%, ETC.) WHICH IS
HYPER-INFLATIONARY, ECONOMIST/ANALYST DR. KELLNER SAYS EASIER MONEY/FISCAL
PACKAGE WON’T REFLATE HOUSING MARKET (RECESSION), ANOTHER ANALYST SAYS IN
BEAR MARKET/RECESSION RECOMMENDS DEFENSIVE/PREFERRED STOCKS/BONDS/CASH, DR.
SHILLER- CASE-SHILLER INDEX- HOME VALUES CONTINUED DECLINE AND IN OR ABOUT TO
ENTER RECESSION (THAT’S ALREADY HERE), Stiglitz Blames Greenspan For
Recession, IBM ON $15 BILLION BUYBACK AND JAWBONING AND SIGNIFICANT OVERSEAS
SALES (AND POSITIVE CURRENCY TRANSLATION TO THE WORTHLESS DOLLAR) RALLIES
MARKET (WHAT BULL S**T), SHARPLY LOWER AND MORE WORTHLESS DOLLAR/HIGH OIL
PRICE RALLY CREATES YET ANOTHER B.S. SWING OF OVER 200 POINTS TO THE UPSIDE,
FOOD PRICES UP 6% ON ETHANOL CROWD-OUT, HOME SALES DOWN 5.5% / MEDIAN SALES
PRICE DOWN 4.6%, ONE R.E. EXPERT SAYS WITH SALES FALLING AND FORECLOSURES
RISING WORSE YET TO COME, LEADING ECONOMIC INDICATORS FELL FOR FOURTH MONTH
IN A ROW (-.1%), PHILADELPHIA FED MANUFACTURING INDEX UNEXPECTEDLY AND
SIGNIFICANTLY LOWER (THE PHILADELPHIA MANUFACTURING INDEX FELL TO A -24,
INDICATING A SHARP CONTRACTION IN THE REGION'S MANUFACTURING ACTIVITY.
ECONOMISTS HAD ANTICIPATED A READING OF -10, A LESS PRONOUNCED CONTRACTION.
LAST MONTH THE READING CAME IN AT -20.9.), ONE ECONOMIST/ANALYST SAYS
SIGNIFICANT INFLATION AND UNEMPLOYMENT-STAGFLATION-AHEAD ALONG WITH CONTINUED
DEFLATION OF HOUSING BUBBLE WITH NATIONWIDE AVERAGE PRICE DECLINE OF 8-10%
AND ANOTHER DECLINE OF 15-20% TO COME. MODEST DROP IN STOCKS RELATIVE TO
REALITY TO KEEP THE SUCKERS SUCKERED AND THE COMPUTERIZED COMMISSION TRADE
DOLLARS FLOWING. (DOW –146, NASDAQ -8, S&P –11) [CLOSE- OIL $105.45 /
GOLD $974.20 / SILVER $20.14/ PLATINUM $2,025/ DOLLAR AT NEW RECORD LOW
AGAINST EURO $1.54 HOW LOW CAN YOU GO]. REALITY: THIS IS A BEAR MARKET IN A
SECULAR BEAR MARKET IN A RECESSIVE ECONOMY IN A SECULAR (AND QUITE
PERMANENT-THEY’VE MADE ALL THE WRONG CHOICES) ECONOMIC DOWNTREND IN THE U.S.
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.). TIME TO PUT THE WALL STREET AMONG OTHER
CORPORATE FRAUDS IN JAIL AND REQUIRE FINES, PENALTIES AND DISGORGEMENT OF
THEIR ILL-GOTTEN GAINS. [PLEASE NOTE: I SELDOM NAME
ANALYSTS/REPORTERS/JOURNALISTS BEARING NOT SO GLAD TIDINGS FOR FEAR THEY’LL BE
CRUCIFIED BY THE FRAUDS ON WALL STREET].
http://www.albertpeia.com
http://www.albertpeia.com/currentopics10108.htm
http://www.albertpeia.com/wallstreetlunacy10108.htm
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.
http://www.albertpeia.com
http://www.albertpeia.com/currentopics10108.htm
http://www.albertpeia.com/wallstreetlunacy10108.htm
(3-7-08) (DOW –146, NASDAQ -8, S&P –11) [CLOSE- OIL $105.45 (NEW
INTRA-DAY HIGH ABOVE $106)/ GOLD $974.20 / SILVER $20.14/ PLATINUM $2,025/
DOLLAR AT NEW RECORD LOW AGAINST EURO $1.54 HOW LOW CAN YOU GO]. MODEST DROP
IN STOCKS RELATIVE TO REALITY, BAD EMPLOYMENT/JOBS DATA ACROSS ALL SECTORS AS
63,000 JOBS LOST WITH DOWNWARD REVISIONS TO DECEMBER AND JANUARY (ACTUALLY
LOST 20,000) JOBS NUMBERS, ONE ANALYST SAYS WE’RE IN A RECESSION WHILE MORE
ECONOMISTS SAY RECESSION WITH ONE STATING THAT YOU ALMOST NEVER SEE BACK-TO-BACK
MONTHLY DECLINE IN EMPLOYMENT WITHOUT RECESSION AS NOW, DOLLAR AT NEW RECORD
LOWS, CONSUMERS INCREASED BORROWING TO STAY AFLOAT, WASHINGTON MUTUAL FURTHER
DOWNGRADES, SUPPORT LEVELS BROKEN TO THE DOWNSIDE. 3-6-08 MODEST DROP IN
STOCKS RELATIVE TO REALITY TO KEEP THE SUCKERS SUCKERED AND THE COMPUTERIZED
COMMISSION TRADE DOLLARS FLOWING. 23% INCREASE IN FORECLOSURES IN FOURTH
QUARTER NEW RECORD HIGH, DOLLAR AT NEW RECORD LOWS, 10% OF HOMES WITH 0 OR
NEGATIVE EQUITY, MORTGAGE BANKERS ASSOCIATION SAYS HOME FORECLOSURES AT
ALL-TIME HIGH AND GOING HIGHER, ONE R.E. ANALYST SAYS ROUGH YEAR AHEAD WITH
FORECLOSURES AND DEFAULTS UP, ONE ANALYST SAYS MARKET WILL TEST NEW
LOWS/SUPPORT LEVELS WITH FLIGHT TO “QUALITY”/TREASURIES, LENDER THORNBURG
DEFAULTS AND ALONG WITH WASHINGTON MUTUAL IS DOWNGRADED, CONTINUING CLAIMS
FOR UNEMPLOYMENT AT HIGH LEVELS MEANS COMPANIES SHRINKING, IGNORE KNEE-JERK
ELECTION YEAR GOVERNMENT HUNKY DORY FAKE REPORTS. 3-5-08 OIL INVENTORIES LESS
THAN EXPECTED, FED BEIGE BOOK CITES ECONOMIC WEAKNESS PARTICULARLY SINCE
BEGINNING OF THE YEAR, LABOR COSTS ROSE, RISING PRICE PRESSURES/STAGFLATION,
RECESSION/BEAR MARKET, ONE ANALYST SAYS TOUGH FIRST HALF RECOMMENDS
MULTINATIONALS WITH 50% OVERSEAS EARNINGS (FAVORABLE CURRENCY TRANSLATION)
AND CONSUMER STAPLES/HEALTH RELATED/DEFENSIVE STOCKS, AMBAC TO FLOAT STOCK TO
SHORE UP BALANCE SHEET TO TUNE OF $1.5 BILLION/DILUTION AND SHARES FALL $2 TO
$8.70, OIL ANALYST CITES DECLINE IN OIL INVENTORIES/DIESEL/JET FUEL AND WEAK
DOLLAR AND TOP $108-$110 BUT $120-$130 IF VENEZUELA/COLUMBIA CONFLICT AND
MORE RECORD HIGH GAS PRICES TO COME, ANOTHER ECONOMIST/ANALYST SAYS CONTINUED
DECLINE IN REAL ESTATE/HOUSING WITH STARTS DOWN 15-20-40% ON WELL DESERVED
PESSIMISM/CREDIT CRUNCH. 3-4-08 SUCKERS’ BEAR MARKET RALLY INTO THE CLOSE
BASED ON B**L S**T ALONE, VIZ., RUMOR/SPECULATION ABOUT YET ANOTHER BAILOUT
FOR WALL STREET/AMBAC/BOND INSURERS AND OVER 200 POINT SWING TO THE UPSIDE
BASED ON NOTHING WHATSOEVER, ONE ECONOMIST/ANALYST NOTES THIS IS THE DEEPEST
HOUSING DECLINE SINCE GREAT DEPRESSION, BERNANKE SAYS ANOTHER SPIKE IN
FORECLOSURES AHEAD AND PROPOSES REDUCTION OF PRINCIPAL AMOUNTS IN EXISTING
LOANS (SOUNDS LIKE A PLAN…..RIIIIIGHT!), KEN SHREVE FINANCE EDITOR INVESTORS
BUSINESS DAILY SAYS BEAR MARKET 6-9 MONTHS/ DON’T TRY TO CATCH A FALLING
KNIFE AS INSTITUTIONS STILL SELLING/KEEP MONEY SAFE IN 3% MONEY MARKET FOR
TIME BEING, ONE OIL ANALYST SAYS OIL HIGHER BEFORE LOWER AS EXPECTED RATE CUT
WILL FURTHER WEAKEN DOLLAR AND DRIVE UP OIL/COMMODITIES PRICES AND PROBLEMS
IN CONSUMER DEBT IN ADDITION TO MORTGAGES AND NOBODY WANTS TO HOLD DOLLARS,
3-3-08 SUCKERS’ BEAR MARKET RALLY INTO THE CLOSE, YES WE ARE IN A RECESSION
FROM SOMEONE WHO UNLIKE THE FRAUDS ON WALL STREET HAS READ SECURITY ANALYSIS
BY GRAHAM, DODD, AND COTTLE AND UNDERSTANDS IT (WARREN BUFFET), ALL NEWS
NEGATIVE, IE., ISM MANUFACTURING INDEX DOWN TO 48.3 (CONTRACTION), CAR SALES
DOWN AT GM (-12%) AND FORD (-7%), CONSTRUCTION SPENDING DOWN MOST IN 14
YEARS, OIL ANALYSTS POINT TO THE NEW HIGHS WHILE ECONOMIST/ANALYST SAYS
DOLLAR HAS FALLEN THROUGH ALL SUPPORT LEVELS MEANING MORE BOTTOMS TO COME
http://www.albertpeia.com
http://www.albertpeia.com/currentopics10108.htm
http://www.albertpeia.com/wallstreetlunacy10108.htm