Goldman Report Hits The Nail On The Head With A Sledge Hammer!

| August 31, 2011

$1 Trillion in capital needed in Europe for banks…Geez   Gold anyone? From the WSJ: “Here we go again,” says the Goldman report, amid a number of charts displaying negative statistics similar to those that portended problems before the 2008 financial panic. “Solving a debt problem with more debt has not solved the underlying problem. In the […]

Food Stamp Line, Take A Number…The Line Starts Outside Around The Block, Accross The Street, Up The Hill, Under The Bridge And Around The Backside Of The Lake! Bathrooms Are Up Front, Take An Other Number…Good Luck, Expected Wait Time Is: 8 Hours…For The Bathrooms That Is

| August 31, 2011

A record 45.8 million people are now relying on the government’s food stamp program, up 12% from a year ago and up an astonishing 34% in only the last two years.

Mutual Fund Money Is All Aboard….The Bad News Blues

| August 31, 2011

Historically it’s very negative for the stock market when cash levels are low. It means that everybody that wants in the market , is in, and the money has been spent. It’s doubly bad when cash levels are at record lows!  Mutual funds just saw Liquid Assets drop to a new all time record low of 3.3% (down from 3.4%).  […]

Heads Up

| August 31, 2011

We’re in an economy where demand is falling. Gasoline use in the U.S. has dropped to an 8-year low. Households are saving money (or trying). Incomes are going down while the real economy is shrinking.  We live in challenging times to say the least!      

Shrinking Labor And Bad Demographics Effects U.S. Expansion

| August 31, 2011

Amoung areas of interest for investing in this demographic tidal wave …..We would expect to see strong growth in all areas of health-care spending, that’s a no brainer.   Women and baby boomers entering the American workforce after 1950 helped to supercharge expansions in 1975 and 1983 by filling an increasing number of jobs and purchasing more goods and […]

They Still Don’t Get It!

| August 31, 2011

The Fed is caught by its tail in a mouse trap. Charles Evans, president of the Chicago Federal Reserve Bank  told CNBC television the labor market, with its 9.1 percent jobless rate, looks to be in a recession. (Reuters) – The central bank in early August discussed a range of unusual tools it could use to help […]

PIMCO’s Bill Gross Out With A New Report…..

| August 30, 2011

Bill Gross says everyone needs to get real…”We are into the “bumpy journey” phase of our New Normal where fear, lack of policy options and loss of control can dominate.” From PIMCO: New-Fangled Love Songs Liquidity concerns may affect all European peripheral bond markets unless the European Central Bank counters the rush for the exits with […]

June Case Shiller Real Estate Index Show’s Price Declines Continued, Down 4.5% Y/Y, And 0.1% Lower For June

| August 30, 2011

Da boys in the White House are working on a new giveaway to be presented after the Labor Day weekend.  The word is, that it will highlight how to give real estate losers something for nothing (free monopoly money or casino chips) in an effort to turn around housing….kind of like magic. As you might guess, the banks aren’t so happy about […]

Consumer Confidence In Trouble, But Come To Think Of It….So Is The Consumer

| August 30, 2011

Ugh….this should come as no surprise!  The consumer makes up over 70% of the economy. August consumer confidence fell from 59.2 to 44.2 … below the consensus of 52, and dropping to its lowest level since April 2009.  Even uglier is the 6 month outlook which fell from 74.9 to 51.9.

Israel Sends Two More Warships To Egyptian Border

| August 30, 2011

The U.S. Pentagon has repeatedly warned that September is a time to be watchful about the happenings in the Middle East! From the AP: “The Israeli military says it has sent two more warships to the Red Sea border with Egypt following warnings that militants are planning another attack on southern Israel from Egyptian soil. […]

Odd’s Are We’re Headed Back Into A Recession

| August 28, 2011

The forth quarter GDP (Gross Domestic Product) may bounce because of Hurricane Irene damage repairs, but it will likely just be temporary in the bigger picture of things. Rich Yamarone (Bloomberg’s Chief Economist) points out that when GDP year-over-year drops by more than 2%, we have always had a recession. So with Friday’s second-quarter revision (first […]

The Year Was 1896…..

| August 26, 2011

MONROE, Ga. (AP)  Besse Cooper turned 115 on Friday, August 26, and is now listed as the oldest living person in the world .  Besse was born in 1896.  To put things in proper perspective, the automobile was just being invented back then, there was no such thing as a TV and most people didn’t have running water […]

Hurricane Irene May Be Worse Because Of New Moon

| August 26, 2011

Here comes the mother of all storms for the East coast!  So here’s an interesting question….what happens if you have a giant crane up in the air working a project on the East coast (New York or New Jersey) and it can’t be removed in time because you’ve never before seen a hurricane come this far north like this one?  Just […]

Warning Signs Are Popping Up On The Economy…But Is Anybody Really Listening

| August 25, 2011

Beware, the ides of October……“I think we are heading for a market shock in September or October that will match anything we have ever seen before,” said a senior credit banker at a major European bank. A more severe crash than the one triggered by the collapse of Lehman Brothers could be on the way, […]

Stratfor Out With Middle East Review: Israeli-Arab Crisis Dead Ahead

| August 23, 2011

We have touched on this important subject back on July 17th and again just a few days ago on August 19th here at in an article that was titled “Things That Could Go Bang And Change The World“.  Scroll down to read it.   Israeli-Arab Crisis Approaching   By George Friedman | August 23, 2011 In September, the U.N. General […]

Federal Reserve Bank: Hard Years Ahead For Baby Boomers

| August 22, 2011

Demographics my dear Watson……According to a Federal Reserve Bank report just out stocks could fall an average of 13% over the next ten years solely because of retiring baby boomers. The actual P/E ratio should decline from about 15 in 2010 to about 8.3 in 2025. The model-generated path for real stock prices implied by demographic trends […]

Other Things That Make You Go Umm…….

| August 22, 2011

Morgan Stanley, at the brink of collapse in 2008, got $107 B, yes, B as in Billion from the Fed. They’ve  got’ta be kidding!  Nope, not kidding.  Soon after that, record bonuses came flowing faster then you could flick a bic! Every Fed official should be ashamed of this BS… yes the same stuff that gets stepped in. Oh we […]

Things That Could Go Bang, And Change The World

| August 19, 2011

Just a reminder that this was posted on back on July 17th……… War between Iran-Israel… CIA veteran Robert Baer, I think we are looking into the abyss, there is a warning order inside the Pentagon to prepare for war. There is almost near certainty that Netanyahu is planning an attack [on Iran]  and it will probably be in September […]

About Gold…Can You Believe This?

| August 19, 2011

Interesting tid bit…..according to Rob McEwen, only one gold mining company is included in the S&P 500.  Can you guess which one it is? Answer: Newmont Mining ( NEM) is the only gold mining company listed in the S&P 500 P.S.  There is more than $ 1 trillion of index funds invested in the S&P 500! This insinuates […]

Homeowner Mortgage Write-off May Be The Next Target By Congress

| August 18, 2011

Not exactly what the housing market needs to find a bottom….fiddling with or elimination of the real estate mortgage deduction and real estate tax deduction will be disastrous in the current environment. Although the compromise legislation itself involved no new taxes, it created an unusual mechanism, an evenly split, 12-member bipartisan super-committee that could call for […]

The Next Big Round Of Downsizing Has Started

| August 18, 2011

Bank of America is cutting 3,500 jobs in the current quarter and working on a broader restructuring that could eliminate as many as ten thousand positions. Additional reductions are being discussed as part of an overhaul known as “Project New BAC,” after the Charlotte, N.C., bank’s ticker symbol. Sources close to the situation say as many as 10,000 jobs are […]

U.S. Domestic Stock Funds See $23 Billion In Redemption’s

| August 17, 2011

Records are made to be broken.  The time for this record to be broken is near.  Buyer beware! The week ending August 10 saw a near-record amount of redemption’s from domestic equity mutual funds, amounting to an unprecedented $23.5 billion. This brings the total for August to $34 billion. Another $13 billion in outflows and […]

Walmart Continues To Warn About A Consumer Slowdown

| August 16, 2011

The average consumer is tapped out.  Be forewarned, a new recession is coming…. whether the government admits it or not!  Walmart, warned on Tuesday that continued weakness in the U.S. economy has put pressure on its low income consumers who are increasingly worried about unemployment and becoming more reliant on government assistance. Walmart’s has reported its ninth consecutive quarter […]

Groceries Now Cost More Then Ever Before

| August 16, 2011

And why is this….it’s because most assets are deflating (going down in value) but food has been inflating (going up in cost)… along with most types of energy until just recently.  Rasmussen: “Americans nationwide continue to lose faith in the Federal Reserve Board to keep inflation under control, with the number who say they are paying […]

As The World Slows……

| August 15, 2011

Ding Dong, The Wicked Witch Is Dead….Or, Maybe Not! Stone McCarthy:  Negative Empire Survey Results  “You usually don’t get three straight months of negative results unless you are in a recession  (Note: NY Fed historical data only started in July 2001). ” SMRA continues: “If that’s not bad enough for you, the forward-looking new orders […]

We Would Pay Attention If We Were A Wall Street Banker

| August 15, 2011

Couldn’t have said it better……home owners are already ahead of this curve! “You just slip out the back, Jack. Make a new plan, Stan. You don’t need to be coy, Roy. Just get yourself free. Hop on the bus, Gus. You don’t need to discuss much. Just drop off the key, Lee. And get yourself […]

U.S. Postal Service (USPS) Says It Will Be Insolvent By Next Month

| August 11, 2011

It couldn’t happen to a worst run government enterprise.  Excuse us, second worst, Fannie Mae probably takes the brass knuckle.  Our advice….give the whole pile of crap to United Parcel Service (UPS), they would only need to black out one initial.  Not to be too greedy, it might even be smart to pay them to take everything,…even […]

Solar Storm Season Creates Havick

| August 11, 2011

If your cell phone is having problems, ours are too…. here may be the reason why. Solar storms could affect earth technology. According to The International Business Times: “Power grids, GPS systems and satellites could be among the technologies affected by surges of energy released by the sun’s swelling magnetic field, according to the National Oceanic […]

In Debt We Trust

| August 11, 2011

These are bad seats hey buddy, front row, behind a pole!  The chart is a few years old, but you get the picture.

In A Surprise Move, The USDA Just Lowered Its Harvest Outlook For 2011

| August 11, 2011

The USDA (United States Department of Agriculture) just threw a wrench into any chance of lower food prices as U.S. corn reserves (as of August 2012) are expected to be at the lowest levels since the mid-1990’s.    One thing is for sure….more inflation is coming to a store near you!  Wells Fargo says to expect food prices to […]

Math 101 For Morons

| August 9, 2011

California was counting on collecting increasing tax revenue, even though almost every tax generating category in the state is slowing. Rest assured that these political morons never passed basic math 101. California just announced that state tax revenue fell in July, more than 10% below expectations.  The LA Times blog says this will, “make it more likely that deeper cuts […]

Fine Dining in Zurich, Switzerland

| August 9, 2011

A Big Mac priced in U.S. Dollars is $17.19 (for one), in  Zurich….But Fed Chairman Bernanke says we have no inflation.  Question to Mr Burnanke:  Just how did a McDonald’s Big Mac get so expensive in Zurich?  Um…..

Global Stock Market Tid Bit

| August 8, 2011

So what happens when everybody hits the PANIC button at the same time?  For starters….How about a global stock market dump equal to $7.8 TRILLION.

Government Morons…The Lockheed F-22 Rapter Fighter Jet Program

| August 7, 2011

The F-22 Raptor fighter jet is a sleek, diamond-winged fighter conceived during the Cold War in the early 1980’s to combat a new generation of Soviet fighter jets. But with the collapse of the Soviet Union, the Soviet fighters that the U.S. military planners had feared never moved beyond development stage and none were ever built. So the United States ended […]

Europe’s In A Pickle… As Germany Balks At Euro Bailout Burden

| August 6, 2011

More specifically it looks like Italy is next up and Spain is in the hole when it comes to new insolvent disasters!  Global leaders call for an urgent emergency summit of finance ministers.  Is it dominoes we hear falling? Referencing Spiegel: Concerning the EFSF (European Financial Stability Facility) German Govt: Italy Too Big For EFSF To Save German […]

A Storytale That Can Be Appreciated

| August 6, 2011

   I met a Genie today that said she would grant me one wish.  “I want to live forever,” I  said.  “Sorry,” said the Genie, “I’m not allowed to grant wishes like that!”  “Fine,” Then I want to die after Congress gets their heads out of their asses.”  “You crafty bastard,” said the Genie!

The Unthinkable…United States Debt Loses Its AAA (Triple A) Rating

| August 5, 2011

Bye bye U.S. AAA debt rating. The new normal just changed for the worse. For the most part, everyone thought things were already bad and “had” to get better!  Oh well, live and learn.  Next week could be a dozy!  We have some tough years ahead of us between 2012 and 2014.  But before that, a stock market […]

Looks Like You Can Stick A Fork In Treasury Secretary Tim Geither, He’s Done….Don’t Let The Door Hit You On The Way Out Tim

| August 5, 2011

Could the unthinkable happen?  Here’s Peter Barnes of the Fox Business Network. Peter Barnes: “Is there a risk that the United States could lose its AAA credit rating? Yes or no?” Geithner’s response: “No risk of that.” “No risk?” Barnes asked. “No risk,” Geithner said.

U.S. Consumer Credit Shows A Surprise Jump To The Upside

| August 5, 2011

The background indicates that this isn’t good news….here’s why.  Both Visa and Mastercard have seen credit card use increase, but they have explained that the consumer seems to be tapped out and resorting to credit cards as a source of funds. This would make sense considering how tough the economy is currently.  The most interesting aspect […]

Stock Market Plunges Over 500 Points

| August 4, 2011

Stocks plunged sharply Thursday, with the Dow down more than 500 points in its worst one-day drop since December 2008.  So, the question is….are we looking at the real meal deal at McDonald’s or just a snack?  We think just a snack.  Sometime soon the market will probably start a rally, and the rally should last into late […]

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