Non-business Updates
Breakinews Updates 8-11-06 to 12-31-06
Breakinews Updates 8-11-06 to 12-31-06Full Moons, Fraud, and Lunatics. What More Can Be Said.
Current Market Numbers/Closing Prices From Yahoo
(5-1/2/3/4/5-07) Blazing Full Moon and Lunatic wall street frauds rally, STAGFLATION, AS INFLATION ABOVE EXPECTATIONS (HIGHEST IN 16 YEARS), WEAK GROWTH BELOW EXPECTATIONS, Worthless Dollar Down [they’re printing them like they’re going out of style because they are (so much so that they’ve stopped reporting M3)], then there was also the Weimar Republic, the pre-1929 crash rally, but this is far worse. LEGENDARY VALUE INVESTOR JEREMY GRANTHAM, CHAIRMAN OF BOSTON FIRM GRANTHAM MAYO VAN OTTERLOO, SAYS WE ARE NOW SEEING THE FIRST WORLDWIDE BUBBLE IN HISTORY COVERING ALL ASSET CLASSES. First, realize that the criminal americans lie about everything, especially for money. One expert says that with near record lows against the Euro, Pound, etc., the translation into worthless dollars by multi-nationals artificially inflates profits/stock prices, but that is only part of the story. The Euro Next union brings the fraud to the european exchange rates, much like the carry trades in a ponzi-like commissionable paper scheme in Asia, which ultimately reverts to the mean (arbitrage) and as greenspan says, can’t last and will unravel into what would be tantamount to hot potato/musical chairs with someone holding the bag/precipitous decline/wiped out. The expert also correctly points out that there is now a total disconnect between the market and the u.s. economy which has and will continue to decline/weaken. The fact is also that although superior to the u.s., there are substantial structural problems inherent to the European economies. So absurd was this surge (like nutcase dumbya’s) that the higher oil prices rallied the transports.....riiiiight! Lunatic frauds on wall street rally on as bad business news can get, sales of previously owned homes take biggest tumble in two decades, consumer confidence down sharply , b**l s**t (including fake economic reports-they lie about everything), higher oil prices, and, ie., ignoring reality regarding, erosion in consumer sentiment and one-year inflation expectations at the highest level in 8 months, rising food and energy costs, Systemic Recession The US is sliding into a long-term economic downturn, ChinaMerica America owned the 20th century, but it won't own the 21st, Dollar Down, Gold to Soar ...Real Estate Fiz...Recession 2007 ...Catch 22 – Lower interest rates in u.s. would decimate already worthless dollar REALITY COURTESY OF http://www.trendsresearch.com, negative inflation/economic data and continue their backward looking frenzied rally mode despite higher oil prices, unexpected jump in jobless claims, mortgage defaults highest in 37 years, retailers warning that April same-store sales will be weak, and the largest rise in import prices, Citigroup to cut 17000 jobs and earnings down 11% but stock rallies, national mortgage delinquency rate hit an all-time high of 2.87% in Q1, sentiment down, Fed Governor Mishkin saying the current rate of inflation remains too high, and on previous stellar employment report from government ...riiiiight!..., (what about the real $11 TRILLION unfunded social security/medicare unfunded liabilty by acturial/accounting), as previously u.s. auto sector sparks rally...riiiiight!..., despite previously experts acknowledging SEC must crackdown on rampant insider trading on M&A info, both services and manufacturing indices far below expectations, u.s. auto sales down, February existing home sales up but down 8.5% from previous year.....riiiiight!...previously, manufacturing index barely positive and substantially below expectations, producer prices up and above expectations, citing obfuscating mergers, higher oil prices, and a new way to scam the unwary public by unloading their worthless paper on workers through ESOPs, rally into the close building on previous stagflation report of high core rate of inflation, slightly higher spending on lower income, high oil prices and fake upward revision to GDP report (riiiiight! US GDP growth hobbled by stocks of unsold ) still relying on b**l s**t alone, even as Bernanke totally dashes wall street’s previous b.s. story underlying the previous week’s fraudulent up move based on b**l s**t alone and the paper paper chase/commissionable ponzi scheme continues (with borrowed funds) but will unwind/unravel as they always do, Home prices down/worst since '94, defaults up, new home sales unexpectedly down 3.9%.....it’s the weather say the frauds on wall street.....riiiiight!, home inventories up, oil prices up, leading indicators down again, existing home sales unexpectedly up.....right!, even as home inventories up as prices fell, warnings from the tech sector, all no problemo for the frauds on wall street, [fed heads, who’ve been printing worthless dollars like they’re going out of style because they are (so much so that they’ve stopped reporting M3), remove words ‘additional firming’ is excuse for ridiculous mixed close as previously dollar precipitously fell on the news which is catch 22 as same is hyper-inflationary/stagflationary and dollar denominated assets fall in value], home construction unexpectedly up according to government report (riiiiight.....if you believe same.....I don’t) though permits down, lunatic frauds on wall street rally on the news, builder/construction sentiment down again and now below 50% reflecting reality, obfuscating mergers/b.s. to the rescue, previous CPI (.4), wholesale (1.3 annualized 15.6), and core (.4) inflation rates far exceed expectations as worthless dollar and massive printing thereof and debt come home to roost, unexpected decline on the Philadelphia Fed's manufacturing index/disappointing NY Empire State Index, commissionable ponzi scheme with borrowed (ie., japan, etc.) and suckers’ funds continues, blowout Q1 earnings report from wall street lunatic frauds morgan stanley, goldman sachs (daaaaah!) even as record foreclosure rate and retail sales below expectations, mergers obfuscate dismal picture, retail sales down (they say it’s the weather.....riiiiight.....how about consumer debt at record $2.41 trillion) jobs data from private (as opposed to government) entity below expectations (who would have thunk it!.....riiiiight! But wait; latest government data at expectations and above, revising past data as unemployment rate falls to 4.5%.....and says trade deficit trend changing..... riiiiight!), along with below expectations oil inventories which had spurred oil price rally, while productivity below expectations/wage costs higher and above expectations (very inflationary), no problemo for the lunatic frauds on wall street (what a joke wall street is!) who are maniacal as lunatics suckers short-covering ‘bear market/higher oil prices/fake economic reports/fed speak rally’ (based upon b**l s**t/fake reports even assuming fake growth rate though false, the decline of the fiat currency, the worthless dollar would negate same in real terms) (b.s. contrary to bernanke testimony before congress owing to previous implicit threat of prosecution for false statements)’ fueled by b**l s**t alone close only moderately lower to suck the suckers in; ie., as the Dow Jones industrial average up 73/75/29/23, S&P up 3/9/3/3, and NASDAQ up 6/26/6/6, all very commissionable on heavy volume, as in final pre-election result push for bush, which fell very short but has provided the same pump-priming of the market as most recently seen in 1999 which ended quite badly even without the exacerbating effects of huge unsustainable and debilitating debt/deficits deferring/delaying/prolonging the inevitable reality even as entire domestic u.s. industries are rendered what is tantamount to defunct and with corporate welfare unwisely spent (war crimes, etc.). Greenspan Warns of Likely U.S. Recession..... FORECLOSURES AT RECORD PACE, retail sales below expectations. TOP INVESTOR, SOROS' PARTNER, SEES U.S. PROPERTY CRASH 3-16-07 Major Mortgage Lender On Bankruptcy's Doorstep... REIT New Century Financial (NEW 3.21, halted at 0)..... Everything is hunky doory says financial propaganda minister/comedian paulson (son of pat paulson?) while Moody’s says at least a 10% correction from fraudulent bubble highs is warranted/appropriate (I believe that to be a modest analytical view). Who would you believe? What do you expect a member of a failed administration to say? What’s changed? Nothing, as the frauds on wall street continue their commissionable ponzi scheme with borrowed (ie., japan, etc.) and suckers’ funds. Real estate experts say the pain/damage will exceed that of prior downturns since the great depression. Bernanke responds to recession prediction with b**l s**t (to his small credit he begrudgingly admits to looming fiscal crisis). Top investor, Soros partner sees property crash: 'You can't believe how bad it's going to get'... Manufacturing activity in u.s. up say fake reports (what, paper/worthless dollars/ securities/packaging for imported goods/parts/components, etc.). BROKERS AT 'TOP-TIER' FIRMS CHARGED IN INSIDER TRADING SCHEME JUST TIP OF THE ICEBERG. New home sales down 17%.....Durables down over seven percent. Are they going to fudge/falsify the GDP revision? Oil rise on US energy inventory data. Stagflation, fake reports understate fundamental weakness, higher oil prices rally. Housing starts down sharply, as investors, domestic and international, dramatically slow purchase of fiat currency/worthless us/dollar denominated stocks and bonds. Record real estate price slump; industrial production/utilization down. Record home price slump. Retail numbers at best (I don’t believe them for a second) just flat; massive layoffs at Chrysler; more government borrowing to paint false facade. Trade deficit up sharply and new record for all of 2006 - $763 billion (the market last rallied with previous month’s improvement, and rallies with worsening, everything else was typical wall street b**l s**t meaning and based on nothing, ie., m&a, upgrade, etc.). Default rates up again. HSBC Holdings, the world's third largest bank, warned that provisions for bad debt will be some 20% higher than previously thought. SEC launch of insider trading (pervasive on fraudulent wall street) probe just tip of the iceberg. Negative savings rate (highest since great depression), factory output down, home inventories highest since last crash, defaults up, gm and ford sales down 17% and 19%, deficits trade/budget, dollar down and going lower, january jobs data weaker than the consensus estimate and below the average gain of 153,000 per month for all of 2006 and viewed as bearish......but no problemo if you’re a lunatic fraud on wall street. Personal Savings at Lowest Point Since 1933-- Great Depression's low. Fake economic growth report from the administration. Mergers and acquisitions continue to cloud the picture facilitating the fraud. Having beat fraudulent alice-in-wonderland lunatic world of wall street expectations with Record Loss of $12.7 Billion, the rally in Ford’s stock continues..... riiiiight! Fake numbers also a plus. Ford Posts Record Loss of $12.7 Billion.....stock rallies on the news.....riiiiight! P/E ratios far beyond the mean particularly for this stage in the cycle for selected securities (ie., 80+, etc.). Higher oil prices and fake indicators report spark rally.....riiiiight! Report on leading economic indicators is delayed (very unusual unless you understand the greater complexity in fudging same.....not to worry, fans of frauds on wall street.....the lunatic frauds will also get their churn-and-earn commission dollars on the way down). Fed Chairman Bernanke begins to euphemistically discuss reality on capital hill. PAPER: Condo market in DC, Vegas, Miami and Boston has collapsed... Euro displaces dollar in bond markets... 13 charged in Wall Street insider trading ring CNN International Higher oil prices and fake numbers spurs rally. More fake job numbers (at best, hamburger helpers, etc.). Foreclosures Rip Neighborhoods in Denver. Yahoo profit falls 61% but rallies 6% on b**l s**t alone. Insider-Trading Ring Bust in US Fuels Hedge-Fund Concerns. Jawboning by kohn of print-those