Archive - Feb 2011 - Blog entry
February 15th
US Budget Raising Pension Premiums?
Submitted by Leo Kolivakis on 02/15/2011 08:13 -0500President Obama's budget proposes to raise premiums the Pension Benefit Guaranty Corp. charges employers by $16 billion over ten years and, in a significant policy shift, would levy higher premiums on the riskiest companies...
Trade Against The Retail Herd 15th Feb
Submitted by Pivotfarm on 02/15/2011 02:05 -0500Today we have a plethora of major news events that could effect retail positioning dramatically. With German GDP, UK CPI, German ZEW, USD Retail Sales and US TIC coming out today all within a 8 hour window, any major deviations could have powerful implications. Going into the news events the report is fairly settled with most pairs in the neutral zone. GBPUSD has slipped a tiny bit back in the Long zone, with GBPJPY back in the neutral zone.
INFo WaR USA: CoRPoRaTe INFoRMaTioN ReCoVeRY CeLLs (CIRC)
Submitted by williambanzai7 on 02/15/2011 01:46 -0500The latest job Obamatunity in a promising field...
February 14th
The Six Words That Dominate the Financial Market
Submitted by Phoenix Capital Research on 02/14/2011 20:28 -0500Social unrest has already unseated several regimes in the Middle East. And the same formula that created those situations (tons of poor, repressed folks no longer able to afford food) exists today in China as well. With that in mind, expect the relationship between the US and China to deteriorate in the coming months. The flirtation underlying trade tensions (steel and tires) we’ve already seen will erupt into full-scale trade wars. We could very well even see an actual physical war the way things are heading.
It's a Myth that Conservatives Accept Rampant Inequality
Submitted by George Washington on 02/14/2011 20:21 -0500Renowned behavioral economist debunks another myth ...
John Kenneth Galbraith and Marriner Eccles Explained 50 Years Ago that Inequality Causes Crashes
Submitted by George Washington on 02/14/2011 19:02 -0500We've known for a LONG time that too much inequality leads to crashes ...
Grand Theft USA – Prices Go Parabolic
Submitted by ilene on 02/14/2011 16:18 -0500Two percent!
That’s how much the price of EVERYTHING has gone up IN AMERICA since Christmas Day, just 6 weeks ago.
Wall Street: With Endless Free Money and No Real Production, There’s No Limit to How Much You Can Make
Submitted by Phoenix Capital Research on 02/14/2011 14:24 -0500Remember, Wall Street is nothing more than an exchange: a place where deals of hundreds of varieties are made. In this sense it’s nothing more than a corporate-scale version of Facebook or some other social network platform. That’s it. Wall Street doesn’t generate any real goods. It doesn’t produce drugs that cure illnesses. It doesn’t design cars or vehicles needed to get around. It hasn’t invented ANYTHING of real value in decades (unless you count make believe crap like derivatives and CDOs as goods).
Bernanke’s Confusion Is Our Economic Ill Health
Submitted by Value Expectations on 02/14/2011 13:46 -0500On February 12, 1973, after the second Treasury announced devaluation of the dollar, George Shultz said, “there is no doubt that we have achieved a major improvement in the competitive position of American workers and American business.” Translated, a weak dollar would stoke an exporting bonanza for U.S. businesses that would need to hire new workers to help fulfill all the demand driven by the dollar’s debasement. That Shultz was soon enough revealed as tragically incorrect is a classic understatement. Needless to say, the dollar’s devaluation predictably unleashed a lost decade of inflation and economic misery for the U.S. and the world.
House Set to Pass Patriot Act Extension TODAY on Second Try
Submitted by 4closureFraud on 02/14/2011 12:28 -0500Up for more searches of private property without notice, free reign of government access to your private business records, roving wiretaps without true search warrants, or covert access to your electronic data without any due process or oversight? No? Well get on the phones...
Cuts that Kill
Submitted by Bruce Krasting on 02/14/2011 12:10 -0500Will people die unnecessarily? You better believe it.
Sol Sanders -- Follow the Money No. 53: Rolling the dice in China
Submitted by rcwhalen on 02/14/2011 11:01 -0500When scientists get further along with epigenetics, they may discover the Chinese have two unique DNA: a gambling gene, and another for hospitality. The first, of course, explains why Macau is odds-on favorite for replacing Vegas as No. 1 world gambling champion. The second suggests why few escape the lure of a Chinese campaign to win visitors’ hearts and minds.
Graham Summers’ FREE Weekly Market Forecast (China Cracking Edition)
Submitted by Phoenix Capital Research on 02/14/2011 10:08 -0500China, as an investment, is important for three reasons. They are:
1) The Chinese economy is believed to be leading the world into recovery
2) The Chinese stock market has lead the S&P 500 for years
3) The Chinese/ US monetary relationship
I’ve covered #’s 1 & 3 several times before and I’ll providing an update of my analysis in tomorrow’s edition of Gains Pains & Capital. So today we’re focusing on #2.
In Re VaLeNTiNe'S Day 2011
Submitted by williambanzai7 on 02/14/2011 07:36 -0500Love means never having to say you're convicted...
Trade Against The Retail Herd 14th Feb
Submitted by Pivotfarm on 02/14/2011 02:24 -0500USDCAD has been in the strong short zone for a while, Fridays action saw a strong drop in the pair and has led to an equally dramatic change in retail positioning, retail traders are now 79.53% long USDCAD the highest level of retail positioning we have seen in a many month. GBPUSD has moved back into the Strong Long zone.
