Financial News Courtesy Of CNN - Analysis/Commentary By Al Peia (No Affiliation)

(1-16-08) Economist Dr. Irving Kellner…..already in recession, monetary policy (rate cuts, etc.) will not help in such a scenario, collateralized mortgage securities have become worthless so write-downs, no bottom until housing/real estate falls further, consumer saving rates low, debt levels high, worse to come…..Economist Lawrence Summers says recession could be long and severe…..bankruptcies up 40%, industrial production flat, inflation up and much higher than reported DEFAULTS UP, Housing down, inflation up, consumer confidence down SHARPLY, TRADE DEFICIT NEAR RECORD AND ABOVE EXPECTATIONS, RETAIL SALES DOWN AND FAR BELOW EXPECTATIONS, ALREADY IN RECESSION DESPITE JAWBONING (BULL S**T) TO THE CONTRARY, fake economic reports/data, more bull s**t/spin, dollar to fall even further with fed panic, as stocks drop modestly relative to reality (DOW -34, NASDAQ –23, S&P -7). REALITY: THIS IS A BEAR MARKET IN A SECULAR BEAR MARKET IN A RECESSIVE ECONOMY IN A SECULAR (AND QUITE PERMANENT-THEY’VE MADE ALL THE WRONG CHOICES) ECONOMIC DOWNTREND IN THE U.S.   ONE ANALYST/REPORTER/JOURNALIST FROM INSIDE SOURCES PEGS THE SUB-PRIME DOLLAR VALUE OF THE SHILLED WORTHLESS PAPER AT $516 TRILLION (EVEN A PERCENTAGE OF SAME RENDERS THE PROBLEM UNFIXABLE-HENCE, CULPABLE PARTIES MUST BE HELD ACCOUNTABLE AND DISGORGE THEIR ILL-GOTTEN GAINS FROM, IE., COMMISSIONING WORTHLESS PAPER, TAKING A POINT HERE OR THERE AND FRAUDULENTLY PASSING SAME ON, AD INFINITUM, ETC.). Time to put the wall street among other corporate frauds in jail and require fines, penalties and disgorgement of their ill-gotten gains.(1-15-08) weaker than expected retail sales report for December, Wholesale Prices Up 6.3% in '07- Largest amount in 26 years,Dollar hits record low vs Swiss franc ,Survey: Asia, Europe Has World's Freest Economies,Citigroup raises a whopping diluting $14.5  billion, cuts dividend, announces layoffs, $18 billion in write-downs and more to follow as subprime losses mount  DEFAULTS UP, Housing down, inflation up, consumer confidence down SHARPLY, TRADE DEFICIT NEAR RECORD AND ABOVE EXPECTATIONS, RETAIL SALES DOWN AND FAR BELOW EXPECTATIONS, ALREADY IN RECESSION DESPITE JAWBONING (BULL S**T) TO THE CONTRARY, as stocks drop modestly relative to reality (DOW -277, NASDAQ –60, S&P -35). REALITY: THIS IS A BEAR MARKET IN A SECULAR BEAR MARKET IN A RECESSIVE ECONOMY IN A SECULAR (AND QUITE PERMANENT-THEY’VE MADE ALL THE WRONG CHOICES) ECONOMIC DOWNTREND IN THE U.S.  Time to put the wall street among other corporate frauds in jail and require fines, penalties and disgorgement of their ill-gotten gains.
(1-14-08) OIL PRICE RALLY RALLIES STOCKS, DOLLAR DOWN SHARPLY CONSISTENT WITH FED PANIC, COMMODITIES/GOLD UP SHARPLY/RECORDS, STAGFLATION,  IBM SO EXCITED THEY PREMATURELY JAWBONE STOCKS HIGHER WITH THE RHETORIC THAT HAPPY DAYS ARE HERE AGAIN…..RIIIIIGHT!, DEFAULTS UP, Housing down, inflation up, consumer confidence down SHARPLY, TRADE DEFICIT NEAR RECORD AND ABOVE EXPECTATIONS, RETAIL SALES DOWN AND FAR BELOW EXPECTATIONS, ALREADY IN RECESSION DESPITE JAWBONING (BULL S**T) TO THE CONTRARY, lunatics’/suckers’ bear market rally/dead dog bounce (DOW +171, NASDAQ +38, S&P +15) REALITY: THIS IS A BEAR MARKET IN A SECULAR BEAR MARKET IN A RECESSIVE ECONOMY IN A SECULAR (AND QUITE PERMANENT-THEY’VE MADE ALL THE WRONG CHOICES) ECONOMIC DOWNTREND IN THE U.S.  Time to put the wall street among other corporate frauds in jail and require fines, penalties and disgorgement of their ill-gotten gains. (1-11-08)  DEFAULTS UP, Housing down, inflation up, consumer confidence down SHARPLY, TRADE DEFICIT NEAR RECORD AND ABOVE EXPECTATIONS, RETAIL SALES DOWN AND FAR BELOW EXPECTATIONS, ALREADY IN RECESSION DESPITE JAWBONING (BULL S**T) TO THE CONTRARY, STAGFLATION, dollar down as stocks drop modestly relative to reality (DOW -247, NASDAQ –49, S&P -19). Nothing has fundamentally changed regarding the descent and decline of criminal/fraud banana republic america and the already bad news is worse than acknowledged.  Watch for the fake economic reports/data, more bull s**t/spin, ie., insiders not selling-real reason is their fear of fraud prosecutions (they’ve known for quite some time that the business/economic scenario is much worse than purported/reported and have” made their hay” already predicated on same with many multimillion dollar pay packages for which disgorgement is appropriate), etc. Time to put the wall street among other corporate frauds in jail and require fines, penalties and disgorgement of their ill-gotten gains. (1-10-08) Good money after bad is the mantra on wall street as BofA with $2 billion already in Countrywide says they’ll shoot-the-moon, take the whole ball of wax, eat the whole thing, keep the fraud ball rolling/covered, etc., which rallies stocks based on bull s**t alone, notably that of fed head bernanke who jawbones (bull s**ts) stocks higher with promised rate cuts, even weaker dollar, and even higher hyperinflation thereby. Retail sales down and far below expectations, already in recession despite jawboning (bull s**t) to the contrary, stagflation. Citibank and Merrill Lynch desperately seek to sell more of themselves to foreign interests to cover substantial losses/fraud. Merrill Lynch to write down another $15 billion and more to come. American Express to write off more than $440 million in bad credit card debt. One respected analyst/fund manager says we’re in a bear market having broken through all resistence levels. Lunatics’/suckers’ bear market rally/dead dog bounce into the close (dow +117, nasdaq +13, s&p +11) to keep the suckers suckered and computerized commission trade dollars flowing. Time to put the wall street frauds in jail and require fines, penalties and disgorgement of their illgotten gains. (1-9-08) Happy days are here again (REALITY SAYS NOT) say the frauds on wall street with new bull s**t talking point that the newly (not really, just covered up to perpetuate the fraud) discovered fact that we’re already in recession and that means rate cuts to make the dollar even more worthless and the hyperinflation even more hyper, and that the now conceded reality of recession will be short-lived. How about reality that the same marks the (continuation)beginning of a downturn from which there will be no coming back for criminal/fraud america. 

Economic 9/11 Just as the Twin Towers collapsed from the top down, so too will the US economy from an Economic 9/11, when the high-stake speculators, banks, brokerages, and buyout firms that leveraged billions with millions get hit with reality. The Panic of 08 Failing banks, busted brokerages, toppled corporate giants, bankrupt cities, states in default, foreign creditors cashing out of US securities … whatever the spark, the stage is set for panic in the streets. America’s broke and the whole world knows it. As america’s economy spirals down and that the dollar will fall with it, foreign creditors are dumping dollars on the market … and even Third World street vendors don’t want to take greenbacks any longer. The further it falls, the less it’s worth. The less it’s worth, the less it buys. In the real world they call it "inflation." In america they call it "good for business." http://www.trendsresearch.com Time to put the wall street frauds in jail and require fines, penalties and disgorgement of their illgotten gains. Lunatics’/suckers’ bear market rally/dead dog bounce into the close (DOW +146, NASDAQ +34, S&P +18) to keep the suckers suckered and computerized commission trade dollars flowing. (1-8-08) Housing down, inflation up, consumer confidence down, oil prices up, dollar down as stocks drop modestly relative to reality (DOW -238, NASDAQ –58, S&P -25). Nothing has fundamentally changed regarding the descent and decline of criminal/fraud america and the already bad news is worse than acknowledged. $14 billion ($21 billion in 2006) in bonuses to the lunatic/frauds on wall street for a commissionable (sub prime bundled) fraud well done, inflation up, dollar down, oil prices up, manufacturing down; one analyst/reporter/journalist from inside sources pegs the sub-prime dollar value of the shilled worthless paper at $516 TRILLION (even a percentage of same renders the problem unfixable-hence, culpable parties must be held accountable and disgorge their ill-gotten gains from, ie., commissioning worthless paper, taking a point here or there and fraudulently passing same on, ad infinitum, etc.).  (1-7-08) With sloth-like reflexes and speed the fallible frauds on wall street now recognize, yes we’re already in a recession, with new bull s**t talking point, that’s good for some stocks - NOT says reality- as lunatics’/suckers’ bear market rally/dead dog bounce into the close (DOW +27, NASDAQ –5, S&P +4) to keep the suckers suckered and computerized commission trade dollars flowing. Despite severe inflation (the fed excludes food and energy from their fake/worthless/meaningless calculation, because it’s allegedly cyclical…..riiiiight! And everything else is imported cheap for the purpose of increasing the deficit and eliminating u.s. jobs) the frauds are hoping for more fake gov’t reports, rate cuts to make the dollar even more worthless and inflation greater, etc., and hope they’ll escape accountability for their fraud ($14 billion in bonuses,$21 billion in 2006, on top of huge salaries, etc.). (1-4-08) Small dose of reality as unemployment rises to 5% and stocks drop modestly relative to reality (DOW -256, NASDAQ –98, S&P -35). Nothing has fundamentally changed regarding the descent and decline of criminal/fraud america and the already bad news is worse than acknowledged. (1-3-08)  Despite economists expectations of fewer new jobs, ADP, a jersey based company not unfamiliar to the fraud/crime of placing fake/non-existent employees on payrolls to facilitate (illegal/drug) money laundering plays ball (I’m sure for a price/favor) with the frauds on wall street with a figure in excess of same (40,000) with the labor department also chiming in with fake data; durables down, auto sales down (Ford now #3); bull s**t talking points for  lunatics’/suckers’ bear market rally/dead dog bounce into the close (DOW +13, NASDAQ –6, S&P +0) to keep the suckers suckered and computerized commission trade dollars flowing. (1-2-08)Modest drop relative to reality on wall street, as DOW drops 221, S&P down 21 and NASDAQ down 42. $14 billion ($21 billion in 2006) in bonuses to the lunatic/frauds on wall street for a commissionable (sub prime bundled) fraud well done, inflation up, dollar down, oil prices up, manufacturing down; one analyst/reporter/journalist from inside sources pegs the sub-prime dollar value of the shilled worthless paper at $516 TRILLION (even a percentage of same renders the problem unfixable-hence, culpable parties must be held accountable and disgorge their ill-gotten gains from, ie., commissioning worthless paper, taking a point here or there and fraudulently passing same on, ad infinitum, etc.).

YOU CAN'T BELIEVE A WORD THEY SAY!