• Pivotfarm
    04/18/2014 - 12:44
    Peering in from the outside or through the looking glass at what’s going down on the other side is always a distortion of reality. We sit here in the west looking at the development, the changes and...

Jeff Immelt

Tyler Durden's picture

Frontrunning: April 15





  • Ukraine forces move against separatists (FT)
  • China GDP Gauge Seen Showing Deeper Slowdown (BBG)
  • China Is Losing Its Taste for Gold (WSJ)
  • Regulators Weigh Curbs on Trading Fees (WSJ)
  • Obama, Putin Talk as Unrest Roils Eastern Ukraine (WSJ)
  • Japan PM talks with BOJ chief, does not push for easing (Reuters)
  • BRICS countries to set up their own IMF (RBTH)
  • IMF Members Weigh Options to Sidestep U.S. Congress on Overhaul (WSJ)
  • Zebra to Buy Motorola Solutions Unit for $3.45 Billion (BBG)
  • Chinese Thunder God Herb Works as Well as Pain Therapy (BBG)
 


Tyler Durden's picture

GE Sues IRS For $658 Million Tax Refund





As goes GE so goes...? Not satisfied with the increasing offshoring of taxation (amid the Double Irish with a Dutch Sandwich and so on), US corporations are increasingly digging elsewhere in the vain hope of finding "revenue" to keep the shareholder dream alive. While GE is not alone in this, its latest move perfectly summarizes the farce that US accounting (and tax) regulations have become (and Immelt's angelic position advising Obama on jobs and the economy). As Reuters reports, GE is suing the Internal Revenue Service for a $658 million tax refund related to a tax loss the company claimed as it exited the reinsurance market more than a decade ago.

 


Tyler Durden's picture

2013 – Dense Fog Turns Into Toxic Smog





As usual, in 2013, sticking to facts was a mistake in a world fueled by misinformation, propaganda, delusion and wishful thinking. Those in power have successfully held off the unavoidable collapse which will be brought about by their ravenous unbridled greed, and blatant disregard for the rule of law, the U.S. Constitution and rights and liberties of the American people.

"There is no disputing the facts. The economic situation is deteriorating for the average American, the mood of the country is darkening, and the world is awash in debt and turmoil. Every country is attempting to print their way to renewed prosperity. No one wins a race to the bottom. The oligarchs have chosen a path of currency debasement, propping up insolvent banks, propaganda and impoverishing the masses as their preferred course. They attempt to keep the masses distracted with political theater, gun control vitriol, reality TV and iGadgets. What can be said about a society where 10% of the population follows Justin Bieber and Lady Gaga on Twitter and where 50% think the National Debt is a monument in Washington D.C. The country is controlled by evil sycophants, intellectually dishonest toadies and blood sucking leeches. Their lies and deception have held sway for the last four years, but they have only delayed the final collapse of a boom brought about by credit expansion. They will not reverse course and believe their intellectual superiority will allow them to retain their control after the collapse.”

 


Tyler Durden's picture

Frontrunning: December 19





  • Traders Seek an Edge With High-Tech Snooping (WSJ)
  • Gold Drops Below $1,200 an Ounce for First Time Since June (Bloomberg)
  • SAC Manager Guilty as Insider Focus Turns to Martoma (Bloomberg)
  • Why Ukraine spurned the EU and embraced Russia (Reuters)
  • Target confirms major card data theft during Thanksgiving (Reuters)
  • Zuckerberg is no suckerberg: Company to Sell 27 Million Class A Shares While CEO Will Offer 41.4 Million (WSJ)
  • Facebook, Zuckerberg, banks must face IPO lawsuit (Reuters)
  • Swiss Christmas Trees Feel Chill as Franc Helps Rivals (BBG)
  • Iran, six powers to resume nuclear talks after snag (Reuters)
  • Dolphins Suffering From Lung Disease Due to Gulf Oil Spill, Study Says (WSJ)
 


Tyler Durden's picture

Frontrunning: December 6





  • Nelson Mandela: 1918-2013 (Reuters)
  • South Africans Flock to Nelson Mandela’s Home to Mourn His Death (BBG)
  • Hillary Clinton or Joe Biden? Obama says won't choose between them for 2016 (Reuters)
  • Fukushima water tanks: leaky and built with illegal labor (Reuters)
  • Sears Holdings Files to Spin Off Lands' End Business (WSJ)
  • Way cleared for landmark global trade deal (FT)
  • U.S. Oil Prices Fall Sharply as Glut Forms on Gulf Coast (WSJ)
  • German Factory Orders Decline in Sign of Uneven Recovery (BBG)
  • FCC Unlikely to Bless a Comcast-TWC Deal: Regulator (WSJ)
 


Tyler Durden's picture

Guest Post: Apparitions In The Fog





After digesting the opinions of the shills, shysters and scam artists, I am ready to predict that I have no clue what will happen during 2013. The fog of uncertainty is engulfing the nation, making consumers hesitant to spend and businesses reluctant to hire or invest. Virtually all of the mainstream media, Wall Street banks and paid shill economists are in agreement that 2013 will see improvement in employment, housing, retail spending and, of course the only thing that matters to the ruling class, the stock market. Even among the alternative media, there seems to be a consensus that we will continue to muddle through and the day of reckoning is still a few years off. Those who are predicting improvements are either ignorant of history or are being paid to predict improvement, despite the overwhelming evidence of a worsening economic climate. The mainstream media pundits, fulfilling their assigned task of purveying feel good propaganda, use the 10% stock market gain in 2012 as proof of economic recovery. The facts prove otherwise... Every day more people are realizing the con-job being perpetuated by the owners of this country. Will the tipping point be reached in 2013? I don’t know. But the era of decisiveness and confrontation has arrived. The existing social order will be swept away. Are you prepared?

 


Tyler Durden's picture

Frontrunning: December 18





  • Obama Concessions Signal Potential Bipartisan Budget Deal (BBG)
  • Cerberus to sell gunmaker after massacre (CNN)
  • With New Offers, Fiscal-Cliff Talks Narrow (WSJ)
  • Judge rejects Apple injunction bid vs. Samsung (Reuters)
  • U.S. policy gridlock holding back economy? Maybe not (Reuters)
  • President fears for Italy’s credibility (FT)
  • Struggles Mount for Greeks as Economy Faces Winter (WSJ)
  • Abe leans on BoJ in post-election meeting (FT)
  • Bank of Japan to mull 2 percent inflation target as Abe turns up heat (Reuters)
  • EU exit is ‘imaginable’, says Cameron (FT)
  • Mortgage Risk Under Fire in Nordics as Bubbles Fought (BBG)
  • Sweden cuts interest rates to 1% (FT)
  • External risks impede China recovery, more easing seen (Reuters)
 


CrownThomas's picture

State Communism's Newest (public) Advocate: Jeff Immelt





"the one thing that actually works, you know, state run communism may not be your cup of tea, but their government works. They have five-year plans"

 


Tyler Durden's picture

GE's Jeff Immelt: "We've Definitely Seen A Slowdown In The Fourth Quarter"





In what is likely the fist major under the radar profit warning of the current quarter, GE chief, and Obama Job Tzar, Jeff Immelt warned during GE's annual outlook meeting held earlier in Manhattan that the "economic uncertainty" in the current quarter has resulted in an investment "pause" that has resulted in a slowdown of corporate sales. Put into numbers, GE is now calling for about 8% growth this year, from a 10% forecast barely two months ago. Read: Q4 sales, and thus earnings, are set to be a major disappointment. And while no superstorms were blamed in this particular sales warning, the fiscal cliff did feature prominently. As the WSJ reports, "[Immelt] said ongoing jitters over the so-called "fiscal cliff" of tax increases and government spending cuts contributed to the trend." Then again, it is just as likely that the tapped out US consumer, whose savings rate is tumbling, whose real disposable income is now declining on a year over year basis, and whose real wage growth is decidedly negative, would be tapped out even if Obama and Boehner were not playing constant cat and mouse. But whatever the reason for the slowdown may be, one thing is certain: "Clearly, there has been an investment pause in certain industries," Mr. Immelt said. "We've definitely seen a slowdown in the fourth quarter." Bring on the spin brigade.

 


Tyler Durden's picture

Frontrunning: September 28





  • China accuses Bo Xilai of multiple crimes, expels him from communist party (Reuters), China seals Bo's fate ahead of November 8 leadership congress (Reuters)
  • "Dozens of phone calls on days, nights and weekends" - How Bernanke Pulled the Fed His Way - Hilsenrath (WSJ)
  • Fed won't "enable" irresponsible fiscal policy-Bullard (Reuters)
  • PBOC Adviser Says Easing Restrained by Concerns on Homes (Bloomberg)
  • Data Point to Euro-Zone Recession (WSJ)
  • Fiscal cliff dims business mood (FT)
  • FSA to Oversee Libor in Streamlining of Tarnished Rates (Bloomberg)
  • Monti Says ECB Conditions, IMF Role Hinder Bond Requests (Bloomberg)
  • Japan Heads for GDP Contraction as South Korea Weakens (Bloomberg)
  • Moody’s downgrades South Africa (FT)
  • Madrid Struggles With Homage to Catalonia (WSJ)
 


Tyler Durden's picture

Frontrunning: September 25





  • China carrier a show of force as Japan tension festers (Reuters)
  • Draghi Rally Lets Skeptics Dump Spain for Bunds (Bloomberg)
  • China’s Central Bank Injects Record Funds to Ease Cash Crunch (Bloomberg)
  • Obama warns Iran on nuclear bid, containment 'no option' (Reuters)
  • When Would Bernanke’s Successor Raise Rates? (WSJ) that's easy - never
  • Italy's Monti Downplays Sovereignty Risk (WSJ)
  • Portugal swaps pay cuts for tax rises (FT)
  • Madrid faces regional funding backlash (FT)
  • Berlin Seeks to Push Back New Euro-Crisis Aid Requests (WSJ)
  • Race Focuses on Foreign Policy (WSJ)
  • China Speeds Up Approvals of Foreigners’ Stock Investment (Bloomberg)
 


Bruce Krasting's picture

On GE, Just Say "No"





Enough is enough, its already too much.

 


Syndicate content
Do NOT follow this link or you will be banned from the site!