• Jim Rogers on Chinese Currency and Trade War: My Thoughts
    asiablues
    03/20/2010 - 19:47
    My take on views expressed by Jim Rogers at a BBN interview on Mar. 18 about the recent currency and trade confrontation between the US and China, the Canadian loonie and the U.S. bond market.
  • Armstrong Economics: Entering Phase II of The Debt Crisis
    Chopshop
    03/20/2010 - 04:48
    Phinance's phavorite political prisoner, Martin Armstrong, cautions that "the EU is in dire position", on the precipice of shattering. Since "debts will never be paid and interest expenditures are the greatest transfer of wealth in history ... Western society is falling apart ... If we do not act, civil unrest will explode. The current choice is DEFAULT or HIGHER TAXES & CIVIL UNREST ... Someone has to step forward to save us or we may be doomed. It's time to wake up for this is the future of our children and their children at stake. "
  • China's Fragile Economy, Its Housing Bubble, and What It Means To Us: Download
    Econophile
    03/20/2010 - 00:41
    As promised, here is the complete article, "China's Fragile Economy, Its Housing Bubble, and What It Means To Us," in a downloadable PDF. You can download it, print it out, and read the entire piece at your leisure. The conclusions aren't encouraging, for them or us.

Daily Highlights: 1.5.10

Tyler Durden's picture
Submitted by Tyler Durden on 01/05/2010 08:26 -0500



  • Asian stocks advance to 16-month high on US manufacturing, commodities.
  • Brazilian stocks closed at a 20-mt high on a raft of positive economic data at home.
  • Crude-oil futures jumped to a 15-mt high on colder weather, economic optimism.
  • Euro zone's mfg sector purchasing managers' index rose to a 21-mt high in Dec.
  • US manufacturing expanded in December at the fastest pace in more than 3 years.
  • US Treasury plans to sell $16 billion in four-week bills on Tuesday.
  • Agricultural Bank of China plans to raise $22B via dual listing in Shanghai, Hong Kong.
  • Apple to unveil a multimedia tablet later this month, to ship it by March.
  • Eli Lilly is hiring outside contractors to run tests on its drug candidates.
  • Flixster acquires movie-ratings site Rotten Tomatoes from News Corp.
  • GM expects sales in India to exceed 100,000 vehicles in 2010, helped by introduction of a small car.
  • Hutchison Telecom's biggest shareholder, Hutchison Whampoa, offers to take it private.
  • Japan Airlines rises after workers agree to cuts in future pension payment.
  • Nestle agrees to buy Kraft's Pizza unit for $3.7B, spurns Cadbury.
  • Rite Aid Corp.'s Dec same-store sales fell 1.8% - 7th straight month of decline.
  • Sumitomo Mitsui said to plan $8.7B share sale to replenish capital.
  • Talbots amends loan facility and repays all outstanding third party bank debt.
  • Total SA to pay $2.25B for 25% of Chesapeake Project as it pursues US opportunities.
  • Toyota aims to triple India share to 10%, challenging Suzuki.
  • UAL Corp.'s traffic in December was mostly unchanged at 9.21B revenue passenger miles.

Economic Calendar: Data on Factory Orders, Pending Home Sales, Auto Sales to be released today.

Earnings Calendar: MOS, SONC.

Companies to watch: Apple, Eli Lilly, Ford, GM, Honda, Rite Aid Corp., Sonic Corp., Total SA, Toyota, The Mosaic Company,

Recent Egan-Jones Rating Actions
BRINKER INTERNATIONAL INC (EAT)
ANADARKO PETROLEUM CORP (APC)
SINCLAIR BROADCAST GROUP (SBGI)
DR PEPPER SNAPPLE GROUP INC (DPS)
COMMERCIAL METALS CO (CMC)
FRONTIER OIL CORP (FTO)
CHESAPEAKE ENERGY CORP (CHK)
DR PEPPER SNAPPLE GROUP INC (DPS)
CHEVRON CORP (CVX)
FREMONT GENERAL CORP (FMNTQ)
FOUR SEASONS (3312780Q)
MOOG INC (MOG/A)
YRC WORLDWIDE INC (YRCW)

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by SWRichmond
on Tue, 01/05/2010 - 08:39
#182868

Next news item: Savannah Georgia Biscuit Police bust unlicensed biscuits, saving America from subversive influences.  Meanwhile, sharp-dressed men continue to get underwear bombers onto US-bound airplanes without passports.

http://www.youtube.com/watch?v=ob-5a8VhW5I

by Anonymous
on Tue, 01/05/2010 - 08:44
#182875

Well, he was disguised quite well. Paid cash, had no luggage, and was dressed for Miami when he was heading to Detroit in winter. One would have had to have been pretty darn clever to spot something amiss there.

Fortunately we've got our best people on it.

by WaterWings
on Tue, 01/05/2010 - 10:41
#182974

The current President's jackal squad hired a new rocket saleswoman from Raytheon:

Simpson has been named senior technical adviser in the Commerce Department's Bureau of Industry and Security, a job in which she will [increase] the exports of U.S. weapons technology.

http://abcnews.go.com/Politics/amanda-simpson-transgender-presidential-a...

by Gimp
on Tue, 01/05/2010 - 11:04
#183007

News alert - all international passengers must fly "commando" moving forward while wearing white linen pants and dresses only. Well dressed officials will be standing by to escort anyone who has recently lost their passport on to the plane at boarding time.

I feel safer now.

 

by Gimp
on Tue, 01/05/2010 - 11:09
#183015

Love the news headline - JAL workers agree to future pension payment cuts-

Sure they did, they were basically threatened to accept defeat. Ach-tung baby the new century is upon us for the corporate worker who was just informed they have no bargaining power with or without a union moving forward. Do as we say and we will let you continue working here for less. Paradise lost?

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