- Could our society implode on the race issue?
- Business becomes the villain? Is Hollywood Making money from Financial Crises?
- Limited best seller Inside Job: The Looting of the American Savings and Loans
- Now, AT&T, the once proud flagship of American commerce uses outright fraud to boost earnings
- Another New Thought: Helicopter money and fiscal rules
To those able to enjoy a weekend away from TV and newspapers, have ignored the upsetting events and might feel in need of updates of what our government has been up to:
Some news teaser headlines from Reuters Tuesday, 8/20/2013 -
NEW YORK | Fri Aug 16, 2013 7:58am EDT
(Reuters) - Stock index futures edged higher on Friday, after the largest decline on Wall Street in nearly two months a day earlier set major indexes on course for their first back-to-back weekly declines since late June.
Investors are concerned the economic recovery is slower than they had hoped as corporate revenue growth has disappointed even as company bottomlines have hit the mark.
The nearest to an exciting headline on the Reuters site is an observation on Euribor rates, Euro Union’s equivalent of LIBOR.
A compendium of several subjects, publications and developments over the weekend.
Random cast-net type of data collection via unjustified intrusion is the first step to Censorship. It also directly serves to intimidate and restrict thought and control the printed word. A heavy blow against the concept of liberty.
At 11:26 AM today, the Dow was down 128 points and perhaps a minute later, on leaving the site, the number -138 popped up.
TheGuardian now has a third major area attached to its attention getting banner. . . NSA files!
theGuardian, in an article by Glenn Greenwald, has published letters and emails that passed between 2 Representatives and the House committee on Intelligence.
Reuters opens our day with a ditty worth comment.
Then follows up with some other promises for the festival.
The Fed received an OK from the SIFMA. . . OK to Raise Interest Rates in September! We're Now Geared for It.Submitted by Old and Gray on Sat, 07/27/2013 - 05:32
Analysts Target September for Fed Tapering
NEW YORK (MainStreet)--A slow and steady course of improvement is forecast for the U.S. economy, according to the Securities Industry and Financial Markets Association's (SIFMA) Economic Advisory Roundtable. The analysts expect the economy to grow at a rate of 1.7% for the full-year 2013 and 2.6% in 2014.
The IMF July 9th, 2013 World Economic Outlook short update takes a realistic look at the global recovery. Figures are provided and charts accompany for a quick comprehension, but the details, of course, show we're coming up short of the target. The numbers are not as encouraging as the charts with their very slight upward trend which conveys no suggestion of how effective that upward movement is.
If the Fed was waiting for the financial industry to cleanse itself without suffering a new set of rules, it may explain why the world had to wait six years while the Fed searched for a responsible program. That's an endless wait.
Fed reluctance to act positively with proactive policy is legendary. The most common laments are that its policies are too soon or too late, too little or too strong, all despite the flood of history at its disposal, should be enough warning that they can worsen any problem.
This is Phil Gramm's proud statement on the occasion of the signing the GLBA as contained in a press release dated November 12, 1999 under the Senate Banking Committee logo which was found among some older papers during "house cleaning".
Asian and European markets show decidedly down trend; Bloomberg futures are down slightly - at 1 AM this morning!
Very briefly –
Morning outlook for stocks and commodities, June 20, 2013
Bernanke points to reduced Fed bond buying this year
President Obama would be serving his constituents interests by expanding his search for replacements by devising a net to corral about 2/3 of Congressional House members and having them retired or simply ousted.
In today’s NYTimes opinions section, Paul Krugman discusses the problem of getting the unemployed back to work at jobs where there is mismatch between jobs available and skills of the displaced workers.
The creators of the crisis are now intent on applying insult to injury by denying destitute families the benefit of food stamps.
Submitted by saldeck on Thu, 06/06/2013 - 08:41.
When the tsunami community considered the Dodd-Frank Act (more specifically, the regulation of derivatives and the “passing-the-buck” process congress fervently subscribed to
"JPM Eligible Gold Drops To Fresh Record Low Following Withdrawal Of 28% Of Holdings" - The run on physical continuesSubmitted by Eisenhower on Wed, 05/08/2013 - 23:38
While the recent chart painting has damaged the technical chart of gold, the fundementals (demand vs. supply) continue to indicate troubles for the manipulators. When the exchanges can not make good on delivery we will see the true potential for gold prices. I will not be suprised to see another naked short futures raid on gold and silver in the near future. None the less, it is clear, only Wall Street is buying the head fake. The rest of the world is hungry for gold. And why shouldn't they be?
Popping in just for a quick “Told you so!” which is bolstered by one of the more favored economists on the O&G list. . . at this time a “johnnie-come-lately” to use an older phrase.
Another elucidating piece from Matt Taibbi. He nails it on the head and shows the level of complicity and corruption in the regulatory and judicial branches of government in doing little of substance to halt this behavior which is a form of out right thievery.
I have remained quite on this subject for the most part. I have a little commentary and then I am linking the video for "The Secret World of Gold." Part III is the most interesting and germane to the current manipulations in the market.
Here are my thoughts in simplified terms in regard to the massive attack on gold and silver that has been ongoing for over 2 months and hit full force this week.
While the MSM and the primary dealers and bullion banks (who have been manipulating the prices lower in a ferocious manner the last few months) have been selling the idea that bull market in gold has ended, in the meantime, the rate at which physical gold is exiting the COMEX vaults is at the all time highest record. Has the manipulation been a cover to allow those trying to make good on their lease and swap options able to buy at lower prices? How much longer can the masquerade that QE is not long run causing monetary push inflation be sold?
"Helicopter QE will never be reversed" - Telegraph - Ambrose Evans-Prtichard "esmonetary theorist Professor Michael WoodfordSubmitted by Eisenhower on Wed, 04/03/2013 - 21:19
What I've been saying all along. His solution is interesting.
Helicopter QE will never be reversed
Readers of the Daily Telegraph were right all along. Quantitative easing will never be reversed. It is not liquidity management as claimed so vehemently at the outset. It really is the same as printing money.
By Ambrose Evans-Pritchard
7:49PM BST 03 Apr 2013
Columbia Professor Michael Woodford, the world’s most closely followed monetary theorist, says it is time to come clean and state openly that bond purchases are forever, and the sooner people understand this the better.
Interview with John Williams of Shadow Stats by Greg Hunter - "Congress Triggers Early Stages of Hyperinflation"Submitted by Eisenhower on Wed, 04/03/2013 - 20:26
It is clear that Western Central Banks are panicking, using every trick to hammer gold and silver while pumping stocks through the primary dealers, even as economic fundamentals suggest that stocks are very expensive on a forward earnings basis and I would argue on a current earnings basis. There are of course exceptions. Any opportunity to listen to John Williams is one I will take as he provides data.