Comment on: Iran a Nuclear Threat, Bush Insists at 3/21/2008 5:19 AM EDT

WASHINGTON POST POSTS

Comment on: Iran a Nuclear Threat, Bush Insists at 3/21/2008 5:19 AM EDT

ISRAEL IS THE NUCLEAR THREAT TIN THE REGION/WORLD
WHO WOULD HAVE THUNK IT! PREDICTABLE AB INITIO AS ISRAELIS ALWAYS FIND A WAY TO IGNORE U.N. RESOLUTIONS (IE. 242 AND 338, ETC.), INTERNATIONAL LAW, ETC., AND SABOTAGE PEACE INITIATIVES.
International Law Violator/War Criminal Zionist regime only nuclear-armed country in the M.E. won’t sign the NPT
As Arab foreign ministers met at the Cairo headquarters of the Arab League to prepare for their annual summit at the end of the month, they also issued a series of statements on regional issues, including extremely sensitive matter of the Zionist regime's refusal to sign the NPT. Arab states, all of which are signatories to the treaty, have long called for a nuclear-free Middle East and expressed their concern over Israel's apparent possession of nuclear weapons. The International Law Violator and War Criminal Zionist israeli regime is reportedly the only nuclear-armed country in the Middle East which has refused to sign the NPT.
This initiative like others has become a fool's errand absent some teeth; viz., enforcement of prior resolutions/accords(ie.Oslo,etc.), international law/NPT, and cut-off of israeli aid (which is costly beyond just money that america doesn't have) absent compliance (ie., Eisenhower took the proper approach to israel in protecting america's geo-political interests).

http://www.albertpeia.com
http://www.albertpeia.com/currentopics10108.htm
http://www.albertpeia.com/wallstreetlunacy10108.htm

Comment on: Inflation Hits the Poor Hardest at 3/21/2008 4:59 AM EDT

‘No Income Group Is Untouched, but Staples Are Rising Fastest’ WASHINGTON POST
THIS IS WEIMAR REPUBLIC TYPE HYPERINFLATION THOUGH STILL UNDER-REPORTED OWING TO ELECTION-YEAR SPIN-THEY'RE PRINTING/CREATING WORTHLESS DOLLARS LIKE MAD (SO MUCH SO THEY'VE FOR SOME TIME NOW STOPPED REPORTING M3)
CLOSING NUMBERS STOCKS/METALS/OIL/COMMENTARY/SELL
CLOSING NUMBERS STOCKS/METALS/OIL/COMMENTARY
SELL INTO STRENGTH /TAKE PROFITS/ SELL DOLLAR DENOMINATED SECURITIES
(3-20-08) (DOW +262, NASDAQ +48, S&P +31) [CLOSE- OIL $101.84 / GOLD $920 / SILVER $16.85 / PLATINUM $1,877.30 / DOLLAR AT 1.54 AGAINST EURO, 98 YEN, 1.98 POUND STERLING, ETC. (HOW LOW CAN YOU GO - LOWER)]. FULL MOON WITH OBVIOUS EFFECT ON LUNATIC WALL STREET FRAUDS. SMART MONEY WOULD SELL INTO THIS SUCKERS’ BEAR MARKET/SHORT-COVERING RALLY (TAKE PROFITS) WHICH IS BASED UPON B**L S**T AND EXCEEDINGLY BAD ECONOMIC NEWS VIZ., UNEMPLOYMENT CLAIMS UP MUCH MORE THAN EXPECTED 22,000 TO HIGH 378,000, CREDIT SWISSE TO REVISE PREVIOUS YEARS PROFITS DOWN ON FURTHER WRITEDOWNS, PHILADELPHIA FED MANUFACTURING INDEX DOWN, AND LEADING ECONOMIC INDICATORS DOWN FOR FIFTH MONTH IN A ROW WHICH HAS ALWAYS SIGNALED/INDICATED/PRECEDED ECONOMIC DOWNTURN/CONTRACTION/RECESSION. ONE SOMEWHAT SENILE ANALYST WELCOMED THE MASSIVE AMOUNT OF FAKE/FIAT/PRINTED MONEY SAYING THE FINANCIALS WHICH HAVE LAGGED THE MARKET BY 20% WILL BE HELPED/INFLATED OUT OF THEIR DOLDRUMS (HYPERINFLATIONARY) BY SAME WHICH HE LIKES BECAUSE HE’S HEAVILY CONCENTRATED IN FINANCIALS (GREAT CALL) AND THAT THE MONEY HASN’T SHOWN UP YET BUT FAILS TO REALIZE THE U.S. HAS NEVER BEEN IN SUCH DIRE CIRCUMSTANCES ECONOMICALLY, FINANCIALLY, AND GEOPOLITICALLY AS NOW. A MORE RATIONAL VIEW BY ECONOMIST DR. IRVING KELLNER SAID STIMULUS THUS FAR TREATS SYMPTOMS WITH MERE BANDAIDS WHICH FAIL TO ADDRESS/CURE THE PROBLEM/CAUSE/DISEASE AND IS RATHER SIMPLISTIC TO A FAULT IN FOCUSING SOLELY ON HOUSING/REAL ESTATE VALUES ALTHOUGH CORRECTLY STATES THAT EASIER MONEY WILL NOT ENHANCE THE VALUE OF MORTGAGE-BACKED SECURITIES WHICH REMAIN INDETERMINANT, DOWN, OR GOING DOWN AND ADVOCATES DEPRESSION ERA APPROACH SINCE HE CORRECTLY STATES ECONOMY HAS ALREADY (DECEMBER, 2007 OR JANUARY, 2008) ENTERED THE WORST RECESSION OF THE POST-WAR ERA (DESPITE ELECTION YEAR SPIN). ANOTHER ANALYST SAYS THIS IS A SHORT-COVERING RALLY AND AN OPPORTUNITY TO SELL/TAKE PROFITS (I TOTALLY AGREE), THAT THE FED DESPERATION MOVES INCLUDING PRINTING DOLLARS LIKE MAD HAVE LED TO A DEBASEMENT OF THE U.S. CURRENCY AND THAT THE DOLLAR WILL CONTINUE TO GO LOWER, THAT TRILLIONS HAVE BEEN BORROWED BUT THAT THEY WILL BE UNSUCCESSFUL IN REINFLATING THE BUBBLE, THAT THE FINANCIAL CRISIS IS NO WHERE NEAR BEING OVER WITH MUCH MORE CARNAGE TO COME, AND RECOMMENDS BEING TOTALLY OUT OF THE DOLLAR INCLUDING DOLLAR DENOMINATED SECURITIES AND INTO OTHER FOREIGN CURRENCIES/SECURITIES. 3-19-08 MODEST DROP IN STOCKS RELATIVE TO REALITY. I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). MORGAN STANLEY EARNINGS DOWN 40% BUT BETTER THAN EXPECTED…..RIIIIIGHT…..ON COMPUTERIZED BOND/STOCK TRADING COMMISSIONS. MERRILL LYNCH SAYS MORE LOAN LOSSES. ONE ANALYST SAYS NOT MUCH OPTIMISM REGARDING FED MOVES, DEEPENING FEARS ABOUT ECONOMY, WALL STREET STUCK WITH A LOT OF STUFF (IE., JUNK BONDS, JUNK SECURITIES, JUNK DERIVATIVES, SUBPRIME MORTGAGES, ETC.) WHICH CAN’T BE SOLD EXCEPT AT FIRESALE PRICES, AVOID EQUITIES PARTICULARLY SMALL/MIDCAPS, RAISE CASH (TAKING PROFITS/SELLING), LOOKING FOR CONFIRMATION, ENTERED RECESSION IN FEBRUARY BUT WITH INFLATION A VERY TOUGH SCENARIO. AN OIL ANALYST SAYS COMMODITY BUBBLE BURSTING WITH PROFIT-TAKING/PATH OF LEAST RESISTANCE BUT STILL RECORD DIESEL AT $4.21, RECORD HOME HEATING OIL $3.80 SO WAIT AND SEE. ANOTHER ANALYST SAYS EMERGING MARKETS ATTRACTIVE RELATIVE TO DEVELOPED CITING P/E MULTIPLE COMPARISON BUT NO SAVE HAVEN AND POINTS TO FURTHER WEAKNESS IN DOLLAR RELATIVE TO OTHER CURRENCIES. METALS ANALYST SAYS RATE CUT LESS THAN EXPECTED AND ETFS (AND COMPUTERIZED TRADING THEREOF) HAS PROPPED DEMAND. 3-18-08 SUCKERS’ BEAR MARKET IRRATIONALLY EXUBERANT BUBBLE RALLY ON FED FEAR AND TREMBLING PANIC MOVE TO KEEP THE SUCKERS SUCKERED AND THE COMPUTERIZED COMMISSION TRADE DOLLARS FLOWING. I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). WHOLESALE/PRODUCER PRICES UP MORE THAN EXPECTED .3% WITH CORE RATE UP .5%. HOUSING STARTS DOWN 36% TO LOWEST LEVEL IN 17 YEARS. SHARPLY (MORE THAN 50%) LOWER EARNINGS AT GOLDMAN AND LEHMAN RALLIES THEIR STOCKS WITH FAMILIAR MANTRA ‘NOT AS BAD AS EXPECTED’…..RIIIIIGHT! DOLLAR DOWN AGAINST MOST CURRENCIES ON .75% PANIC CUT IN FED FUNDS RATE TO 2.25%. ONE ANALYST POINTS TO STRENGTH BY SECTOR, VIZ., FINANCIALS +8% (FOCUS OF THE BAILOUT), SMALL CAPS +5%, EMERGING MARKETS +5%, AND SAYS DOLLAR WILL BE BOTTOMING. AN OIL ANALYST SAYS OIL TO GO HIGHER WITH INFLUX OF SPECULATIVE NEW MONEY FROM RATE CUT. FORMER FED GOVERNOR GRAMLEY SAY WE’RE IN SERIOUS ECONOMIC CRISIS, IN RECESSION WITH ECONOMIC WEAKNESS SUFFICIENT TO MUTE DEMAND/SHARPER PRICE INCREASES, AND COMPARES ECONOMY TO CANCER PATIENT UNDERGOING NECESSARY CHEMOTHERAPY…..RIIIIIGHT….., FED HAS USED EMERGENCY POWERS NOT USED SINCE THE GREAT DEPRESSION BUT CAN’T RELY SOLELY ON THE FED. ANOTHER ANALYST TALKS IN TERMS OF TRADING ON A DAY-TO-DAY BASIS (FACT-THERE ARE HISTORICALLY VERY FEW SUCCESSFUL TRADERS), BELIEVES FED WENT TOO FAR WITH RATE CUT AND SEES SIGNIFICANT PROBLEM WITH INFLATION, THUMBS UP FOR METALS/OIL AND LARGE CAP TECH WITH OVERSEAS EARNINGS, BUT FURTHER CAUTIONS OWING TO NEGATIVE REAL INTEREST RATES (RATES LESS THAN INFLATION, RISK, ECONOMIC FACTORS/PREMIUMS). FINALLY, THINGS ARE SO HUNKY DORY THAT AS REPORTED BY CONTINENTAL COIN AND JEWELRY PEOPLE ARE PULLING THEIR TEETH, EXTRACTING AND SELLING THE GOLD. LOVELY! 3-17-08 LUNATIC/FRAUDS 200+ POINT COMPUTERIZED BUY PROGRAM SUCKERS’ BEAR MARKET/SHORT-COVERING RALLY TO THE UPSIDE BASED UPON NOTHING WHATSOEVER THAT HASN’T ALREADY BEEN DISCOUNTED (IE., MORE RATE CUTS BY FED IN PANIC MODE, ETC.). I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). INDUSTRIAL PRODUCTION FELL A GREATER THAN EXPECTED ONE-HALF OF 1%. ONE ANALYST CITES NEW LOWS FOR DOLLAR AND SUBSTANTIAL MOVE BY FED ALREADY DISCOUNTED (.75%). ANOTHER ANALYST CITES WEAKER DOLLAR AND SLOWER ECONOMY IMPACTING DEMAND (IE., FOR GOODS, ETC., AND HENCE, COMMODITY PRICES, HENCE LOWER OIL PRICE THIS DAY), CITES THIS DAYS SHORT-COVERING RALLY AND RECOMEMMENDS MULTINATIONALS WITH OVERSEAS EARNINGS (POSITIVE CURRENCY TRANSLATION) AND OVERSEAS NON-DOLLAR DENOMINATED SECURITIES (UTILITIES, ETC.). YET ANOTHER ECONOMIST/ANALYST CITES BUSINESS MODELS COMPARABLE TO BEAR STEARNS IN FINANCIAL SECTOR(PROBLEMS WITH HEDGE FUNDS/INVESTMENT BANKS) WHICH HAS PROVEN INABILITY TO MANAGE THEIR OWN AFFAIRS SAYING DEREGULATION A DISASTER AND REREGULATION A CURE, NO END TO FALL IN DOLLAR AS US BECOMES WORLD’S BEGGAR, AND RECOMMENDS NON-DOLLAR DENOMINATED SECURITIES (IE., EURO, SWISS FRANC, ETC., AND EMERGING FAR EAST MARKETS). ANOTHER MORE CALIFORNIA/SENILE, ANALYST/BROKER WHO LIKE OTHERS HAVE LOST SUBSTANTIAL MONIES FOR CLIENTS CITES LACK OF OF TRANSPARENCY AS VALUE OF HIS BUYS AND HOLDS CONTINUES TO FALL WITH DOLLAR BUT TALKS SOME SPECULATIVE BUYS AND CASH. A FINANCIAL TIMES EDITOR SAYS NO BOTTOM YET, THAT BY HISTORICAL STANDARDS THE SCENARIO IS QUITE BAD FOR THE US, THAT BEAR STEARNS WAS NOT ALONE AMONG US FIRMS IN THEIR PROBLEMS, THAT THE MARKET IS EXPECTING 1% PANIC CUT BY FED, AND THAT THE US ECONOMY IS IN DEEP TROUBLE. 3-14-08 EARLY SURGE BASED ON FALSE BENIGN INFLATION REPORT (SHOWING NO CHANGE IN RETAIL INFLATION) FROM THE GOVERNMENT GIVES WAY TO REALITY THAT THEY CAN’T COVER UP/LIE ABOUT (DESPITE INTRA-DAY SUCKERS RALLY) WHEN THERE IS A RUN ON LARGE WALL STREET INVESTMENT BANK BEAR STEARNS (FIRST SUCH SINCE THE GREAT DEPRESSION) WHICH CITES LIQUIDITY CRISIS AS NY FED AND JP MORGAN INTERVENE WITH 28 DAY LOAN AS BEAR IS HOLDING HIGH RISK (WORTHLESS) ASSETS WHICH ARE ILLIQUID (THINLY TRADED/CAN’T BE SOLD) AS RESERVES (THEY ARE NOT ALONE IN THIS REGARD AMONG THE FRAUDS ON WALLSTREET, ETC., AND ONLY 2 DAYS AGO BEAR SAID BALANCE SHEET STABLE), ALL TIME LOWS FOR THE DOLLAR, WSJ REPORTS MAJORITY OF ECONOMISTS THINK WE’RE IN RECESSION, MICHIGAN (NON-WASHINGTON NON-FED GOV’T REPORT) SENTIMENT INDEX AT NEW 16 YEAR LOW. ONE ANALYST SAYS DOLLAR WEAKNESS/LOWER YIELDS/ECONOMIC CONCERNS WILL CONTINUE DOWNWARD TREND, INFLATION REPORT SURPRISE/FOOLISH AND HIGHER INFLATION NUMBER FOR MARCH, CRESCENDO OF BAD NEWS IN COMING WEEK AND LOOK FOR NEW LOWS/BOTTOM(?). OIL ANALYST CITES WEAK DOLLAR/EASY MONEY FLOWS AND SAYS LOOK FOR OIL AT $120-$125. ANOTHER ANALYST SAYS ITS TOO LATE FOR FED TO TURN THIS WRITEDOWN/SUBPRIME/ECONOMIC DOWNTURN AROUND WITH BEAR ANOTHER $35-$70 BILLION BAD AND WHAT AFTER 28 DAY LOAN-EXPECT TAKEOVER/NO MORE BEAR STEARNS. 3-13-08 SMART MONEY WOULD SELL INTO THIS SUCKERS’ BEAR MARKET RALLY (TAKE PROFITS) WHICH IS BASED UPON B**L S**T ALONE (NOTHING WHATSOEVER) AS STANDARD AND POORS ANALYST SAYS THE END OF WRITEDOWNS MIGHT (BUT NOT QUITE) BE IN SIGHT (WHICH IS LIKE THAT BROKER WHO SELLS STOCKS FOR A LIVING SAYING HE’S TRYING TO KEEP CLIENTS IN STOCKS BECAUSE AT SOME POINT THEY’LL GO UP)…RIIIIIGHT….. WHICH IS MEANINGLESS COMING FROM STANDARD AND POORS WHICH SHOULD BE ACCOUNTABLE/LIABLE (FOR THIS FRAUD) ALONG WITH THE FRAUDS ON WALL STREET, ETC., FOR THE TRIPLE A RATED SECURITIES ON THE BOOKS WHICH EVERYONE KNOWS ARE IN FACT NOT TRIPLE A (WORTHLESS JUNK BONDS, ASSETS, ETC.) SPURRING 200+ POINT SWING TO THE UPSIDE. VAST MAJORITY OF ECONOMISTS NOW SAY WE’RE IN RECESSION (EVEN DESPITE ELECTION YEAR GIMMICKS-AS GOOD AS GETS). RETAIL SALES DOWN MORE THAN EXPECTED .6%, FORECLOSURES UP 60% YEAR OVER YEAR, DOLLAR DOWN SHARPLY. ONE ANALYST SAYS CONTINUED UNEMPLOYMENT/EMPLOYMENT WEAKNESS, PREMATURE TO SAY AS DID S&P THAT WE’RE NEAR END OF WRITEDOWNS, MAJORITY OF ECONOMISTS NOW SAY WE’RE IN RECESSION, HOUSING DOWNTURN MUCH FURTHER TO GO, VERY DEFENSIVE AS STOCKS CONTINUE TO HIT NEW LOWS IN LARGE NUMBERS, WORST OF HOUSING CRISIS AHEAD, AND THIS IS A BEAR MARKET IN A RECESSION ECONOMY. ANOTHER ECONOMIST/ANALYST SAYS U.S. CURRENT ACCOUNT DEFICITS, LACK OF TRUST IN U.S. FINANCIAL INSTITUTIONS AND TRIPLE A RATINGS (BONDS, ETC., WHICH EVERYONE KNOWS ARE NOT), BANKS’ NEED FOR RECAPITALIZATION, LOW SAVINGS (IE., CONSUMERS USING IE., GIFT CARDS FOR GROCERIES, ETC.), FED LOSING CREDIBILITY BY FLIP-FLOPS/WRONG MOVES, AND SEES ONLY SHORT-COVERING RALLIES AT BEST. VENEZUELA SHIFT TO PAYMENT IN EUROS FOR OIL OUT OF DOLLARS. YET ANOTHER ECONOMIST SAYS WITH MONEY SUPPLY INCREASING AT EXORBITANT 27% PER ANNUM, CITING ECONOMIST FRIEDMAN SAYS HYPER-INFLATIONARY (CONTRARY TO LAND OF FRUITS AND NUTS ECONOMISTS WHO THIS DAY SEE LAND OF FRUITS AND NUTS REAL ESTATE DOWN 17.6%, SALES DOWN 40-45%, AND MEDIAN HOME PRICES DOWN $100,000, AND BUDGET DEFICITS ACROSS THE BOARD). 3-12-08 VERY MODEST DROP IN STOCKS RELATIVE TO REALITY, DOLLAR DOWN SHARPLY ON PANICKY FED KNEE JERK FUNNY MONEY ACTION, ONE ANALYST/BROKER WHO SELLS STOCKS FOR A LIVING SAYS HE’S TRYING TO KEEP CLIENTS IN STOCKS BECAUSE AT SOME POINT THEY’LL GO UP…..RIIIIIGHT…..REFERENCES THAT THIS IS WORST R.E. DOWNTURN IN 100 YEARS AND NO BOTTOM YET IN R.E. AND WSJ SAYS WORSE TO COME IN BAD PAPER (WRITEDOWNS, ETC.), AN OIL ANALYST SAYS RECORD HIGH OIL PRICES ARE HEDGE AGAINST FALLING DOLLAR WITH A LOT OF DOLLARS RELATIVE TO GOODS (AS IE., OIL, OTHER COMMODITIES, ETC.-HYPERINFLATION) AND IF YOU HOLD DOLLARS/DOLLAR DENOMINATED ASSETS/SECURITIES YOU LOSE VALUE AND SEES $4.00 GAS NATIONWIDE WITH RECORD DIESEL, WHILE ANOTHER ANALYST SAYS THAT SEEING FED GO FROM LENDER OF LAST RESORT TO LENDER (PRINTER) OF FIRST RESORT IS WORRISOME/TROUBLESOME. 3-11-08 SUCKERS’ BEAR MARKET IRRATIONALLY EXUBERANT NEW EPHEMERAL BUBBLE RALLY ON FED FEAR AND TREMBLING PANIC MOVE TO ADD $200 BILLION IN WORLDWIDE LIQUIDITY BY TEMPORARILY REPLACING (28 DAYS) ONE TYPE OF FUNNY-MONEY (WORTHLESS SUBPRIME COLLATERALIZED DEBT) WITH ANOTHER LONGER TERM WORTHLESS FUNNY-MONEY (U.S. DEBT WHICH CAN’T BE PAID BACK) WHICH IS A GREAT B.S. TALKING POINT BUT JUST A DROP IN THE BUCKET CONSIDERING THE MAGNITUDE OF THE UNDISCLOSED WRITEDOWNS/WORTHLESS PAPER BEING HELD(AND, CURING A BUBBLE WITH A NEW BUBBLE-I DON'T THINK SO), ONE ANALYST POINTS TO THE HYPERINFLATIONARY EFFECTS OF TOO MUCH LIQUIDITY CHASING TOO FEW GOODS AND MORE BAD NEWS TO COME IN TECH SECTOR AND EARNINGS ALONG WITH MORE WRITEOFFS/WRITEDOWNS WITH WORSE TO COME/NO BOTTOM YET AND HE REMAINS A BEAR, LAND OF FRUITS AND NUTS ECONOMIST SAYS BAD BUT NOT TECHNICALLY RECESSION BASED ON GOVERNMENT ELECTION-YEAR DATA (ONLY NUTS AND NUTS FROM THE LAND OF FRUITS AND NUTS BELIEVE SAME) WHILE TWO OTHER ECONOMISTS SAY RECESSION WITH STRUCTURAL PROBLEMS/HIGH INFLATION/LOWER DOLLAR AS FOREIGNERS/INVESTORS GET OUT OF WORTHLESS DOLLAR WITH BIG TROUBLE FOR U.S. POST-ELECTION AS REALITY SETS IN, TRADE GAP WIDENED, AND SMART MONEY WOULD SELL THIS RALLY/TAKE PROFITS. 3-10-08 MODEST DROP IN STOCKS RELATIVE TO REALITY, NEW BANK DOWNGRADES, MORGAN SLASHES EARNINGS ESTIMATES FOR S&P AND SAYS ALREADY IN RECESSION, EVEN MORE ECONOMISTS NOW SAY THE OBVIOUS/RECESSION, RUMOR THAT BEAR STERNS WITH SUBSTANTIAL LIQUIDITY ISSUES IS GOING UNDER, DOLLAR DOWN, EARNINGS ESTIMATES CUT ON CITIBANK AND BANKOFAMERICA, ONE ECONOMIST/ANALYST SAYS (HYPERINFLATIONARY) HIGH ENERGY AND FOOD PRICES (CONVENIENTLY LEFT OUT OF THE FED’S “TOUTED” CORE RATE) ARE SQUEEZING THE CONSUMER (AND HENCE, CONSUMPTION/65% OF GDP) AND THAT COMMODITIES A BUBBLE AND MULTINATIONALS WITH OVERSEAS EARNINGS/POSITVE CURRENCY TRANSLATION TO WEAKER DOLLAR PREFERRED, AN OIL ANALYST SAYS $200 OIL POSSIBLE (REITERATING GOLDMAN) WITH CONTINUED WEAKENING OF DOLLAR, ANOTHER ANALYST/JOURNALIST SAYS SELL DOLLAR DENOMINATED STOCKS/SECURITIES/ASSETS WHICH HAVE MUCH FURTHER TO FALL AND REITERATES AS DID BARRON’S THAT MORTGAGE INSURERS HAVE OVER $5 TRILLION IN DEBT/EXPOSURE AND THAT MANY OF THE NATIONS BANKS ARE ALREADY INSOLVENT SO GET OUT OF THE DOLLAR AND U.S. STOCKS. 3-7-08 BAD EMPLOYMENT/JOBS DATA ACROSS ALL SECTORS AS 63,000 JOBS LOST WITH DOWNWARD REVISIONS TO DECEMBER AND JANUARY (ACTUALLY LOST 20,000) JOBS NUMBERS, ONE ANALYST SAYS WE’RE IN A RECESSION WHILE MORE ECONOMISTS SAY RECESSION WITH ONE STATING THAT YOU ALMOST NEVER SEE BACK-TO-BACK MONTHLY DECLINE IN EMPLOYMENT WITHOUT RECESSION AS NOW, DOLLAR AT NEW RECORD LOWS, CONSUMERS INCREASED BORROWING TO STAY AFLOAT, WASHINGTON MUTUAL FURTHER DOWNGRADES, SUPPORT LEVELS BROKEN TO THE DOWNSIDE, SENTIMENT- 85% BELIEVE THINGS WILL GET WORSE. 3-6-08 MODEST DROP IN STOCKS RELATIVE TO REALITY TO KEEP THE SUCKERS SUCKERED AND THE COMPUTERIZED COMMISSION TRADE DOLLARS FLOWING. 23% INCREASE IN FORECLOSURES IN FOURTH QUARTER NEW RECORD HIGH, DOLLAR AT NEW RECORD LOWS, 10% OF HOMES WITH 0 OR NEGATIVE EQUITY, MORTGAGE BANKERS ASSOCIATION SAYS HOME FORECLOSURES AT ALL-TIME HIGH AND GOING HIGHER, ONE R.E. ANALYST SAYS ROUGH YEAR AHEAD WITH FORECLOSURES AND DEFAULTS UP, ONE ANALYST SAYS MARKET WILL TEST NEW LOWS/SUPPORT LEVELS WITH FLIGHT TO “QUALITY”/TREASURIES, LENDER THORNBURG DEFAULTS AND ALONG WITH WASHINGTON MUTUAL IS DOWNGRADED, CONTINUING CLAIMS FOR UNEMPLOYMENT AT HIGH LEVELS MEANS COMPANIES SHRINKING, IGNORE KNEE-JERK ELECTION YEAR GOVERNMENT HUNKY DORY FAKE REPORTS. 3-5-08 OIL INVENTORIES LESS THAN EXPECTED, FED BEIGE BOOK CITES ECONOMIC WEAKNESS PARTICULARLY SINCE BEGINNING OF THE YEAR, LABOR COSTS ROSE, RISING PRICE PRESSURES/STAGFLATION, RECESSION/BEAR MARKET, ONE ANALYST SAYS TOUGH FIRST HALF RECOMMENDS MULTINATIONALS WITH 50% OVERSEAS EARNINGS (FAVORABLE CURRENCY TRANSLATION) AND CONSUMER STAPLES/HEALTH RELATED/DEFENSIVE STOCKS, AMBAC TO FLOAT STOCK TO SHORE UP BALANCE SHEET TO TUNE OF $1.5 BILLION/DILUTION AND SHARES FALL $2 TO $8.70, OIL ANALYST CITES DECLINE IN OIL INVENTORIES/DIESEL/JET FUEL AND WEAK DOLLAR AND TOP $108-$110 BUT $120-$130 IF VENEZUELA/COLUMBIA CONFLICT AND MORE RECORD HIGH GAS PRICES TO COME, ANOTHER ECONOMIST/ANALYST SAYS CONTINUED DECLINE IN REAL ESTATE/HOUSING WITH STARTS DOWN 15-20-40% ON WELL DESERVED PESSIMISM/CREDIT CRUNCH. 3-4-08 SUCKERS’ BEAR MARKET RALLY INTO THE CLOSE BASED ON B**L S**T ALONE, VIZ., RUMOR/SPECULATION ABOUT YET ANOTHER BAILOUT FOR WALL STREET/AMBAC/BOND INSURERS AND OVER 200 POINT SWING TO THE UPSIDE BASED ON NOTHING WHATSOEVER, ONE ECONOMIST/ANALYST NOTES THIS IS THE DEEPEST HOUSING DECLINE SINCE GREAT DEPRESSION, BERNANKE SAYS ANOTHER SPIKE IN FORECLOSURES AHEAD AND PROPOSES REDUCTION OF PRINCIPAL AMOUNTS IN EXISTING LOANS (SOUNDS LIKE A PLAN…..RIIIIIGHT!), KEN SHREVE FINANCE EDITOR INVESTORS BUSINESS DAILY SAYS BEAR MARKET 6-9 MONTHS/ DON’T TRY TO CATCH A FALLING KNIFE AS INSTITUTIONS STILL SELLING/KEEP MONEY SAFE IN 3% MONEY MARKET FOR TIME BEING, ONE OIL ANALYST SAYS OIL HIGHER BEFORE LOWER AS EXPECTED RATE CUT WILL FURTHER WEAKEN DOLLAR AND DRIVE UP OIL/COMMODITIES PRICES AND PROBLEMS IN CONSUMER DEBT IN ADDITION TO MORTGAGES AND NOBODY WANTS TO HOLD DOLLARS, 3-3-08 SUCKERS’ BEAR MARKET RALLY INTO THE CLOSE, YES WE ARE IN A RECESSION FROM SOMEONE WHO UNLIKE THE FRAUDS ON WALL STREET HAS READ SECURITY ANALYSIS BY GRAHAM, DODD, AND COTTLE AND UNDERSTANDS IT (WARREN BUFFET), ALL NEWS NEGATIVE, IE., ISM MANUFACTURING INDEX DOWN TO 48.3 (CONTRACTION), CAR SALES DOWN AT GM (-12%) AND FORD (-7%), CONSTRUCTION SPENDING DOWN MOST IN 14 YEARS, OIL ANALYSTS POINT TO THE NEW HIGHS WHILE ECONOMIST/ANALYST SAYS DOLLAR HAS FALLEN THROUGH ALL SUPPORT LEVELS MEANING MORE BOTTOMS TO COME, INFLATION OUTPACING CONSUMER SPENDING (EVEN WITH SPENDING NUMBER HIGHER THAN EXPECTED WHICH PROBABLY MEANS REALITY WAS NEGATIVE), CONSUMER CONFIDENCE/SENTIMENT DOWN SHARPLY, CHICAGO MANUFACTURING INDEX DOWN INDICATING CONTRACTION, $5.29 BILLION LOSS FOR AIG ON WRITEOFFS, INTRA DAY HIGH FOR OIL OVER $103, INFLATION/WEAK DOLLAR/ECONOMIC WEAKNESS=STAGFLATION, FOURTH MONTHLY DECLINE IN A ROW FOR STOCK MARKET, ONE ECONOMIST/ANALYST IF NOT THEN ALMOST IN RECESSION WITH WORSE INFLATION NEWS AND INFLATION ADJUSTED INCOME/SPENDING FLAT, ANOTHER ECONOMIST/ANALYST SAYS RECESSION AND CITES NEGATIVE SAVINGS RATE AND FURTHER ECONOMIC WEAKNESS, ANALYST SAYS CONTINUED ECONOMIC WEAKNESS WITH FURTHER DOLLAR DECLINE SO BULLISH ON METALS AND BEARISH ON STOCKS, AND YET ANOTHER ECONOMIST/ANALYST SAYS INFLATION/RECESSION BUT NOT DEPRESSION…..RIIIIIGHT, GDP GROWTH REPORTED MUCH LESS THAN EXPECTED (BUT CLOSER TO REALITY) AT MINISCULE .6%, UNEMPLOYMENT CLAIMS JUMP 19,000 TO 373,000 AT HIGHEST LEVEL SINCE POST KATRINA, BERNANKE SAYS CONSUMER WORSE OFF THAN JUST AFTER 911(?) AND THAT SOME BANKS COULD (WILL) FAIL AND THAT STAGFLATION WILL NOT BE AS BAD AS THE 70’S, FANNIE MAE AND FREDDIE MAC SHOW MASSIVE LOSSES, ONE ANALYST 50 YEARS IN THE BUSINESS SEES RECESSION AND SAYS FINANCIALS HAVE BECOME IMPENETRABLE IN TERMS OF ANALYSIS/LOSSES, ANOTHER ECONOMIST/ANALYST SAYS WE’RE NOWHERE NEAR IMPROVEMENT IN R.E./HOUSING MARKET, YET ANOTHER ECONOMIST/ANALYST SAYS RECESSION WITH HIGHER INFLATION LOWER GROWTH (STAGFLATION) AND THAT FED FORECASTS HAVE BEEN WRONG AND ONLY RECESSION TO BRING DOWN INFLATION, NEW RECORD LOW FOR DOLLAR AGAINST EURO AND SWISS FRANC (AND EVEN WORTH LESS THAN THE LOWLY CANADIAN LOONEY, ETC.) WHICH ALONG WITH DEFICIT SPENDING IS HYPERINFLATIONARY AS OIL SEES NEW INTRADAY HIGH OF $102.64, SALES/ORDERS OF DURABLE GOODS DOWN MORE THAN EXPECTED 5.3%, BERNANKE’S NEGATIVE COMMENTS ON GREENSPAN RECESSION PROMISES RATE CUTS FOR NEW BUBBLE WHICH RALLIES STOCKS, ONE ANALYST SAYS BANKS AS THEIR OWN INSURERS INCREASES RISK, ANOTHER ANALYST SAYS CONTINUED DEFICIT SPENDING INCREASES INFLATIONARY PROBLEMS/RISK, FORECLOSURES/BANK REPO’S UP 90% YEAR OVER YEAR, REGULATORS PREDICT OVER 100 BANK FAILURES, FORECLOSURES UP 57% IN JANUARY, WHOLESALE INFLATION UP MUCH HIGHER THAN EXPECTED 7.5% (CORE RATE 4+%), 9% DROP IN HOME VALUES/PRICES, CONSUMER CONFIDENCE DOWN TO 17 YEAR LOW, ELECTION YEAR/PROTECT INCOMPETENT INCUMBENT GOV’T PRINTING WORTHLESS DOLLARS LIKE MAD WITH EXCESS LIQUIDITY CHASING TOO FEW GOODS (IE., FOOD UP 6%, ETC.) WHICH IS HYPER-INFLATIONARY, ECONOMIST/ANALYST DR. KELLNER SAYS EASIER MONEY/FISCAL PACKAGE WON’T REFLATE HOUSING MARKET (RECESSION), ANOTHER ANALYST SAYS IN BEAR MARKET/RECESSION RECOMMENDS DEFENSIVE/PREFERRED STOCKS/BONDS/CASH, DR. SHILLER- CASE-SHILLER INDEX- HOME VALUES CONTINUED DECLINE AND IN OR ABOUT TO ENTER RECESSION (THAT’S ALREADY HERE), Stiglitz Blames Greenspan For Recession, IBM ON $15 BILLION BUYBACK AND JAWBONING AND SIGNIFICANT OVERSEAS SALES (AND POSITIVE CURRENCY TRANSLATION TO THE WORTHLESS DOLLAR) RALLIES MARKET (WHAT BULL S**T), SHARPLY LOWER AND MORE WORTHLESS DOLLAR/HIGH OIL PRICE RALLY CREATES YET ANOTHER B.S. SWING OF OVER 200 POINTS TO THE UPSIDE, FOOD PRICES UP 6% ON ETHANOL CROWD-OUT, HOME SALES DOWN 5.5% / MEDIAN SALES PRICE DOWN 4.6%, ONE R.E. EXPERT SAYS WITH SALES FALLING AND FORECLOSURES RISING WORSE YET TO COME, LEADING ECONOMIC INDICATORS FELL FOR FOURTH MONTH IN A ROW (-.1%), PHILADELPHIA FED MANUFACTURING INDEX UNEXPECTEDLY AND SIGNIFICANTLY LOWER (THE PHILADELPHIA MANUFACTURING INDEX FELL TO A -24, INDICATING A SHARP CONTRACTION IN THE REGION'S MANUFACTURING ACTIVITY. ECONOMISTS HAD ANTICIPATED A READING OF -10, A LESS PRONOUNCED CONTRACTION. LAST MONTH THE READING CAME IN AT -20.9.), ONE ECONOMIST/ANALYST SAYS SIGNIFICANT INFLATION AND UNEMPLOYMENT-STAGFLATION-AHEAD ALONG WITH CONTINUED DEFLATION OF HOUSING BUBBLE WITH NATIONWIDE AVERAGE PRICE DECLINE OF 8-10% AND ANOTHER DECLINE OF 15-20% TO COME. SUCKERS’ BEAR MARKET/SHORT-COVERING RALLY TO KEEP THE SUCKERS SUCKERED AND THE COMPUTERIZED COMMISSION TRADE DOLLARS FLOWING. (DOW +262, NASDAQ +48, S&P +31) [CLOSE- OIL $101.84 / GOLD $920 / SILVER $16.85 / PLATINUM $1,877.30 / DOLLAR AT 1.54 AGAINST EURO, 98 YEN, 1.98 POUND STERLING, ETC. (HOW LOW CAN YOU GO - LOWER)]. I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SMART MONEY WOULD SELL HERE (TAKE PROFITS). 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. [PLEASE NOTE: I SELDOM NAME ANALYSTS/REPORTERS/JOURNALISTS BEARING NOT SO GLAD TIDINGS FOR FEAR THEY’LL BE CRUCIFIED BY THE FRAUDS ON WALL STREET].

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Comment on: Greenspan Stands His Ground at 3/21/2008 4:42 AM EDT

GREENSPAN: "I don't know of a single example of when interest rate policy has been successful in suppressing gains in asset prices." Regarding the current turmoil, Greenspan said that a market crisis was inevitable. "If it weren't the subprime crisis it would have been something else," he said. That is because an era was ending that had seen "disinflationary forces" from developing countries such as China and a "protracted period" in which there was an "underpricing of risk." ….. RIIIIIGHT, “ENVY OF ALL THE WORLD” ALAN…..ANYTHING YOU SAY.
OF COURSE NOT, WHEN YOU PRECIPITATED THE UNPRECEDENTED FINANCIAL DEBACLE EXTENT TODAY.
Joseph Stiglitz calls financial crisis worst since 1930s Stiglitz said it was ironic that former Federal Reserve head Alan Greenspan had said it was the world’s worst economic problem in the last 50 years, adding, “He is the source of much of the problem”
Jim Rogers: the Fed is Throwing Dollar Out the Window “This man Bernanke was never elected by anybody. I don’t know where he gets the audacity to spend $230 billion dollars to bail out a few friends on Wall Street. This is totally outrageous.”
Rogers: Fed Has “Given Up” On The Dollar Paul Joseph Watson | Investor slams Bernanke for destroying greenback to bail out friends on Wall Street.
The Fed is just an Extension of the Banking Establishment The Bear bailout was engineered to serve the needs of the banking establishment; nothing more. The Federal Reserve and the US Treasury are merely an extension of the financial industry. The Bear bailout proves it
Stock Guru Granville: We’re in a Crash Octogenarians Joseph Granville and Robert Stovall predict the worst. “We’re in a crash,” said Granville. “This is the worst I’ve seen, and I’ve studied every bit of history all my life”
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Comment on: Privately, Bush Presses China Over Crackdown on Tibet at 3/21/2008 4:26 AM EDT

THE POT (IN IRAQ) RELUCTANT TO CALL THE KETTLE BLACK
China Sends Thousands of Troops Into Tibet AFP | A week of protests against China’s 57-year rule of Tibet erupted into rioting in Lhasa last Friday. Demonstrations have since spilled over into nearby Chinese provinces with sizeable ethnic Tibetan populations.
China makes arrests in Tibet crackdown
The video that China doesn't want the world to see http://infowars.net/articles/march2008/200308video.htm
China Says Tibet Protests Have Spread...
Steps up crackdown...
...Admits Killing Rioters
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Comment on: Rally Fizzles as S& P, Dow And Nasdaq Fall Back 2% at 3/20/2008 8:15 PM EDT

CLOSING NUMBERS STOCKS/METALS/OIL/COMMENTARY
SELL INTO STRENGTH /TAKE PROFITS/ SELL DOLLAR DENOMINATED SECURITIES
(3-20-08) (DOW +262, NASDAQ +48, S&P +31) [CLOSE- OIL $101.84 / GOLD $920 / SILVER $16.85 / PLATINUM $1,877.30 / DOLLAR AT 1.54 AGAINST EURO, 98 YEN, 1.98 POUND STERLING, ETC. (HOW LOW CAN YOU GO - LOWER)]. FULL MOON WITH OBVIOUS EFFECT ON LUNATIC WALL STREET FRAUDS. SMART MONEY WOULD SELL INTO THIS SUCKERS’ BEAR MARKET/SHORT-COVERING RALLY (TAKE PROFITS) WHICH IS BASED UPON B**L S**T AND EXCEEDINGLY BAD ECONOMIC NEWS VIZ., UNEMPLOYMENT CLAIMS UP MUCH MORE THAN EXPECTED 22,000 TO HIGH 378,000, CREDIT SWISSE TO REVISE PREVIOUS YEARS PROFITS DOWN ON FURTHER WRITEDOWNS, PHILADELPHIA FED MANUFACTURING INDEX DOWN, AND LEADING ECONOMIC INDICATORS DOWN FOR FIFTH MONTH IN A ROW WHICH HAS ALWAYS SIGNALED/INDICATED/PRECEDED ECONOMIC DOWNTURN/CONTRACTION/RECESSION. ONE SOMEWHAT SENILE ANALYST WELCOMED THE MASSIVE AMOUNT OF FAKE/FIAT/PRINTED MONEY SAYING THE FINANCIALS WHICH HAVE LAGGED THE MARKET BY 20% WILL BE HELPED/INFLATED OUT OF THEIR DOLDRUMS (HYPERINFLATIONARY) BY SAME WHICH HE LIKES BECAUSE HE’S HEAVILY CONCENTRATED IN FINANCIALS (GREAT CALL) AND THAT THE MONEY HASN’T SHOWN UP YET BUT FAILS TO REALIZE THE U.S. HAS NEVER BEEN IN SUCH DIRE CIRCUMSTANCES ECONOMICALLY, FINANCIALLY, AND GEOPOLITICALLY AS NOW. A MORE RATIONAL VIEW BY ECONOMIST DR. IRVING KELLNER SAID STIMULUS THUS FAR TREATS SYMPTOMS WITH MERE BANDAIDS WHICH FAIL TO ADDRESS/CURE THE PROBLEM/CAUSE/DISEASE AND IS RATHER SIMPLISTIC TO A FAULT IN FOCUSING SOLELY ON HOUSING/REAL ESTATE VALUES ALTHOUGH CORRECTLY STATES THAT EASIER MONEY WILL NOT ENHANCE THE VALUE OF MORTGAGE-BACKED SECURITIES WHICH REMAIN INDETERMINANT, DOWN, OR GOING DOWN AND ADVOCATES DEPRESSION ERA APPROACH SINCE HE CORRECTLY STATES ECONOMY HAS ALREADY (DECEMBER, 2007 OR JANUARY, 2008) ENTERED THE WORST RECESSION OF THE POST-WAR ERA (DESPITE ELECTION YEAR SPIN). ANOTHER ANALYST SAYS THIS IS A SHORT-COVERING RALLY AND AN OPPORTUNITY TO SELL/TAKE PROFITS (I TOTALLY AGREE), THAT THE FED DESPERATION MOVES INCLUDING PRINTING DOLLARS LIKE MAD HAVE LED TO A DEBASEMENT OF THE U.S. CURRENCY AND THAT THE DOLLAR WILL CONTINUE TO GO LOWER, THAT TRILLIONS HAVE BEEN BORROWED BUT THAT THEY WILL BE UNSUCCESSFUL IN REINFLATING THE BUBBLE, THAT THE FINANCIAL CRISIS IS NO WHERE NEAR BEING OVER WITH MUCH MORE CARNAGE TO COME, AND RECOMMENDS BEING TOTALLY OUT OF THE DOLLAR INCLUDING DOLLAR DENOMINATED SECURITIES AND INTO OTHER FOREIGN CURRENCIES/SECURITIES. 3-19-08 MODEST DROP IN STOCKS RELATIVE TO REALITY. I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). MORGAN STANLEY EARNINGS DOWN 40% BUT BETTER THAN EXPECTED…..RIIIIIGHT…..ON COMPUTERIZED BOND/STOCK TRADING COMMISSIONS. MERRILL LYNCH SAYS MORE LOAN LOSSES. ONE ANALYST SAYS NOT MUCH OPTIMISM REGARDING FED MOVES, DEEPENING FEARS ABOUT ECONOMY, WALL STREET STUCK WITH A LOT OF STUFF (IE., JUNK BONDS, JUNK SECURITIES, JUNK DERIVATIVES, SUBPRIME MORTGAGES, ETC.) WHICH CAN’T BE SOLD EXCEPT AT FIRESALE PRICES, AVOID EQUITIES PARTICULARLY SMALL/MIDCAPS, RAISE CASH (TAKING PROFITS/SELLING), LOOKING FOR CONFIRMATION, ENTERED RECESSION IN FEBRUARY BUT WITH INFLATION A VERY TOUGH SCENARIO. AN OIL ANALYST SAYS COMMODITY BUBBLE BURSTING WITH PROFIT-TAKING/PATH OF LEAST RESISTANCE BUT STILL RECORD DIESEL AT $4.21, RECORD HOME HEATING OIL $3.80 SO WAIT AND SEE. ANOTHER ANALYST SAYS EMERGING MARKETS ATTRACTIVE RELATIVE TO DEVELOPED CITING P/E MULTIPLE COMPARISON BUT NO SAVE HAVEN AND POINTS TO FURTHER WEAKNESS IN DOLLAR RELATIVE TO OTHER CURRENCIES. METALS ANALYST SAYS RATE CUT LESS THAN EXPECTED AND ETFS (AND COMPUTERIZED TRADING THEREOF) HAS PROPPED DEMAND. 3-18-08 SUCKERS’ BEAR MARKET IRRATIONALLY EXUBERANT BUBBLE RALLY ON FED FEAR AND TREMBLING PANIC MOVE TO KEEP THE SUCKERS SUCKERED AND THE COMPUTERIZED COMMISSION TRADE DOLLARS FLOWING. I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). WHOLESALE/PRODUCER PRICES UP MORE THAN EXPECTED .3% WITH CORE RATE UP .5%. HOUSING STARTS DOWN 36% TO LOWEST LEVEL IN 17 YEARS. SHARPLY (MORE THAN 50%) LOWER EARNINGS AT GOLDMAN AND LEHMAN RALLIES THEIR STOCKS WITH FAMILIAR MANTRA ‘NOT AS BAD AS EXPECTED’…..RIIIIIGHT! DOLLAR DOWN AGAINST MOST CURRENCIES ON .75% PANIC CUT IN FED FUNDS RATE TO 2.25%. ONE ANALYST POINTS TO STRENGTH BY SECTOR, VIZ., FINANCIALS +8% (FOCUS OF THE BAILOUT), SMALL CAPS +5%, EMERGING MARKETS +5%, AND SAYS DOLLAR WILL BE BOTTOMING. AN OIL ANALYST SAYS OIL TO GO HIGHER WITH INFLUX OF SPECULATIVE NEW MONEY FROM RATE CUT. FORMER FED GOVERNOR GRAMLEY SAY WE’RE IN SERIOUS ECONOMIC CRISIS, IN RECESSION WITH ECONOMIC WEAKNESS SUFFICIENT TO MUTE DEMAND/SHARPER PRICE INCREASES, AND COMPARES ECONOMY TO CANCER PATIENT UNDERGOING NECESSARY CHEMOTHERAPY…..RIIIIIGHT….., FED HAS USED EMERGENCY POWERS NOT USED SINCE THE GREAT DEPRESSION BUT CAN’T RELY SOLELY ON THE FED. ANOTHER ANALYST TALKS IN TERMS OF TRADING ON A DAY-TO-DAY BASIS (FACT-THERE ARE HISTORICALLY VERY FEW SUCCESSFUL TRADERS), BELIEVES FED WENT TOO FAR WITH RATE CUT AND SEES SIGNIFICANT PROBLEM WITH INFLATION, THUMBS UP FOR METALS/OIL AND LARGE CAP TECH WITH OVERSEAS EARNINGS, BUT FURTHER CAUTIONS OWING TO NEGATIVE REAL INTEREST RATES (RATES LESS THAN INFLATION, RISK, ECONOMIC FACTORS/PREMIUMS). FINALLY, THINGS ARE SO HUNKY DORY THAT AS REPORTED BY CONTINENTAL COIN AND JEWELRY PEOPLE ARE PULLING THEIR TEETH, EXTRACTING AND SELLING THE GOLD. LOVELY! 3-17-08 LUNATIC/FRAUDS 200+ POINT COMPUTERIZED BUY PROGRAM SUCKERS’ BEAR MARKET/SHORT-COVERING RALLY TO THE UPSIDE BASED UPON NOTHING WHATSOEVER THAT HASN’T ALREADY BEEN DISCOUNTED (IE., MORE RATE CUTS BY FED IN PANIC MODE, ETC.). I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). INDUSTRIAL PRODUCTION FELL A GREATER THAN EXPECTED ONE-HALF OF 1%. ONE ANALYST CITES NEW LOWS FOR DOLLAR AND SUBSTANTIAL MOVE BY FED ALREADY DISCOUNTED (.75%). ANOTHER ANALYST CITES WEAKER DOLLAR AND SLOWER ECONOMY IMPACTING DEMAND (IE., FOR GOODS, ETC., AND HENCE, COMMODITY PRICES, HENCE LOWER OIL PRICE THIS DAY), CITES THIS DAYS SHORT-COVERING RALLY AND RECOMEMMENDS MULTINATIONALS WITH OVERSEAS EARNINGS (POSITIVE CURRENCY TRANSLATION) AND OVERSEAS NON-DOLLAR DENOMINATED SECURITIES (UTILITIES, ETC.). YET ANOTHER ECONOMIST/ANALYST CITES BUSINESS MODELS COMPARABLE TO BEAR STEARNS IN FINANCIAL SECTOR(PROBLEMS WITH HEDGE FUNDS/INVESTMENT BANKS) WHICH HAS PROVEN INABILITY TO MANAGE THEIR OWN AFFAIRS SAYING DEREGULATION A DISASTER AND REREGULATION A CURE, NO END TO FALL IN DOLLAR AS US BECOMES WORLD’S BEGGAR, AND RECOMMENDS NON-DOLLAR DENOMINATED SECURITIES (IE., EURO, SWISS FRANC, ETC., AND EMERGING FAR EAST MARKETS). ANOTHER MORE CALIFORNIA/SENILE, ANALYST/BROKER WHO LIKE OTHERS HAVE LOST SUBSTANTIAL MONIES FOR CLIENTS CITES LACK OF OF TRANSPARENCY AS VALUE OF HIS BUYS AND HOLDS CONTINUES TO FALL WITH DOLLAR BUT TALKS SOME SPECULATIVE BUYS AND CASH. A FINANCIAL TIMES EDITOR SAYS NO BOTTOM YET, THAT BY HISTORICAL STANDARDS THE SCENARIO IS QUITE BAD FOR THE US, THAT BEAR STEARNS WAS NOT ALONE AMONG US FIRMS IN THEIR PROBLEMS, THAT THE MARKET IS EXPECTING 1% PANIC CUT BY FED, AND THAT THE US ECONOMY IS IN DEEP TROUBLE. 3-14-08 EARLY SURGE BASED ON FALSE BENIGN INFLATION REPORT (SHOWING NO CHANGE IN RETAIL INFLATION) FROM THE GOVERNMENT GIVES WAY TO REALITY THAT THEY CAN’T COVER UP/LIE ABOUT (DESPITE INTRA-DAY SUCKERS RALLY) WHEN THERE IS A RUN ON LARGE WALL STREET INVESTMENT BANK BEAR STEARNS (FIRST SUCH SINCE THE GREAT DEPRESSION) WHICH CITES LIQUIDITY CRISIS AS NY FED AND JP MORGAN INTERVENE WITH 28 DAY LOAN AS BEAR IS HOLDING HIGH RISK (WORTHLESS) ASSETS WHICH ARE ILLIQUID (THINLY TRADED/CAN’T BE SOLD) AS RESERVES (THEY ARE NOT ALONE IN THIS REGARD AMONG THE FRAUDS ON WALLSTREET, ETC., AND ONLY 2 DAYS AGO BEAR SAID BALANCE SHEET STABLE), ALL TIME LOWS FOR THE DOLLAR, WSJ REPORTS MAJORITY OF ECONOMISTS THINK WE’RE IN RECESSION, MICHIGAN (NON-WASHINGTON NON-FED GOV’T REPORT) SENTIMENT INDEX AT NEW 16 YEAR LOW. ONE ANALYST SAYS DOLLAR WEAKNESS/LOWER YIELDS/ECONOMIC CONCERNS WILL CONTINUE DOWNWARD TREND, INFLATION REPORT SURPRISE/FOOLISH AND HIGHER INFLATION NUMBER FOR MARCH, CRESCENDO OF BAD NEWS IN COMING WEEK AND LOOK FOR NEW LOWS/BOTTOM(?). OIL ANALYST CITES WEAK DOLLAR/EASY MONEY FLOWS AND SAYS LOOK FOR OIL AT $120-$125. ANOTHER ANALYST SAYS ITS TOO LATE FOR FED TO TURN THIS WRITEDOWN/SUBPRIME/ECONOMIC DOWNTURN AROUND WITH BEAR ANOTHER $35-$70 BILLION BAD AND WHAT AFTER 28 DAY LOAN-EXPECT TAKEOVER/NO MORE BEAR STEARNS. 3-13-08 SMART MONEY WOULD SELL INTO THIS SUCKERS’ BEAR MARKET RALLY (TAKE PROFITS) WHICH IS BASED UPON B**L S**T ALONE (NOTHING WHATSOEVER) AS STANDARD AND POORS ANALYST SAYS THE END OF WRITEDOWNS MIGHT (BUT NOT QUITE) BE IN SIGHT (WHICH IS LIKE THAT BROKER WHO SELLS STOCKS FOR A LIVING SAYING HE’S TRYING TO KEEP CLIENTS IN STOCKS BECAUSE AT SOME POINT THEY’LL GO UP)…RIIIIIGHT….. WHICH IS MEANINGLESS COMING FROM STANDARD AND POORS WHICH SHOULD BE ACCOUNTABLE/LIABLE (FOR THIS FRAUD) ALONG WITH THE FRAUDS ON WALL STREET, ETC., FOR THE TRIPLE A RATED SECURITIES ON THE BOOKS WHICH EVERYONE KNOWS ARE IN FACT NOT TRIPLE A (WORTHLESS JUNK BONDS, ASSETS, ETC.) SPURRING 200+ POINT SWING TO THE UPSIDE. VAST MAJORITY OF ECONOMISTS NOW SAY WE’RE IN RECESSION (EVEN DESPITE ELECTION YEAR GIMMICKS-AS GOOD AS GETS). RETAIL SALES DOWN MORE THAN EXPECTED .6%, FORECLOSURES UP 60% YEAR OVER YEAR, DOLLAR DOWN SHARPLY. ONE ANALYST SAYS CONTINUED UNEMPLOYMENT/EMPLOYMENT WEAKNESS, PREMATURE TO SAY AS DID S&P THAT WE’RE NEAR END OF WRITEDOWNS, MAJORITY OF ECONOMISTS NOW SAY WE’RE IN RECESSION, HOUSING DOWNTURN MUCH FURTHER TO GO, VERY DEFENSIVE AS STOCKS CONTINUE TO HIT NEW LOWS IN LARGE NUMBERS, WORST OF HOUSING CRISIS AHEAD, AND THIS IS A BEAR MARKET IN A RECESSION ECONOMY. ANOTHER ECONOMIST/ANALYST SAYS U.S. CURRENT ACCOUNT DEFICITS, LACK OF TRUST IN U.S. FINANCIAL INSTITUTIONS AND TRIPLE A RATINGS (BONDS, ETC., WHICH EVERYONE KNOWS ARE NOT), BANKS’ NEED FOR RECAPITALIZATION, LOW SAVINGS (IE., CONSUMERS USING IE., GIFT CARDS FOR GROCERIES, ETC.), FED LOSING CREDIBILITY BY FLIP-FLOPS/WRONG MOVES, AND SEES ONLY SHORT-COVERING RALLIES AT BEST. VENEZUELA SHIFT TO PAYMENT IN EUROS FOR OIL OUT OF DOLLARS. YET ANOTHER ECONOMIST SAYS WITH MONEY SUPPLY INCREASING AT EXORBITANT 27% PER ANNUM, CITING ECONOMIST FRIEDMAN SAYS HYPER-INFLATIONARY (CONTRARY TO LAND OF FRUITS AND NUTS ECONOMISTS WHO THIS DAY SEE LAND OF FRUITS AND NUTS REAL ESTATE DOWN 17.6%, SALES DOWN 40-45%, AND MEDIAN HOME PRICES DOWN $100,000, AND BUDGET DEFICITS ACROSS THE BOARD). 3-12-08 VERY MODEST DROP IN STOCKS RELATIVE TO REALITY, DOLLAR DOWN SHARPLY ON PANICKY FED KNEE JERK FUNNY MONEY ACTION, ONE ANALYST/BROKER WHO SELLS STOCKS FOR A LIVING SAYS HE’S TRYING TO KEEP CLIENTS IN STOCKS BECAUSE AT SOME POINT THEY’LL GO UP…..RIIIIIGHT…..REFERENCES THAT THIS IS WORST R.E. DOWNTURN IN 100 YEARS AND NO BOTTOM YET IN R.E. AND WSJ SAYS WORSE TO COME IN BAD PAPER (WRITEDOWNS, ETC.), AN OIL ANALYST SAYS RECORD HIGH OIL PRICES ARE HEDGE AGAINST FALLING DOLLAR WITH A LOT OF DOLLARS RELATIVE TO GOODS (AS IE., OIL, OTHER COMMODITIES, ETC.-HYPERINFLATION) AND IF YOU HOLD DOLLARS/DOLLAR DENOMINATED ASSETS/SECURITIES YOU LOSE VALUE AND SEES $4.00 GAS NATIONWIDE WITH RECORD DIESEL, WHILE ANOTHER ANALYST SAYS THAT SEEING FED GO FROM LENDER OF LAST RESORT TO LENDER (PRINTER) OF FIRST RESORT IS WORRISOME/TROUBLESOME. 3-11-08 SUCKERS’ BEAR MARKET IRRATIONALLY EXUBERANT NEW EPHEMERAL BUBBLE RALLY ON FED FEAR AND TREMBLING PANIC MOVE TO ADD $200 BILLION IN WORLDWIDE LIQUIDITY BY TEMPORARILY REPLACING (28 DAYS) ONE TYPE OF FUNNY-MONEY (WORTHLESS SUBPRIME COLLATERALIZED DEBT) WITH ANOTHER LONGER TERM WORTHLESS FUNNY-MONEY (U.S. DEBT WHICH CAN’T BE PAID BACK) WHICH IS A GREAT B.S. TALKING POINT BUT JUST A DROP IN THE BUCKET CONSIDERING THE MAGNITUDE OF THE UNDISCLOSED WRITEDOWNS/WORTHLESS PAPER BEING HELD(AND, CURING A BUBBLE WITH A NEW BUBBLE-I DON'T THINK SO), ONE ANALYST POINTS TO THE HYPERINFLATIONARY EFFECTS OF TOO MUCH LIQUIDITY CHASING TOO FEW GOODS AND MORE BAD NEWS TO COME IN TECH SECTOR AND EARNINGS ALONG WITH MORE WRITEOFFS/WRITEDOWNS WITH WORSE TO COME/NO BOTTOM YET AND HE REMAINS A BEAR, LAND OF FRUITS AND NUTS ECONOMIST SAYS BAD BUT NOT TECHNICALLY RECESSION BASED ON GOVERNMENT ELECTION-YEAR DATA (ONLY NUTS AND NUTS FROM THE LAND OF FRUITS AND NUTS BELIEVE SAME) WHILE TWO OTHER ECONOMISTS SAY RECESSION WITH STRUCTURAL PROBLEMS/HIGH INFLATION/LOWER DOLLAR AS FOREIGNERS/INVESTORS GET OUT OF WORTHLESS DOLLAR WITH BIG TROUBLE FOR U.S. POST-ELECTION AS REALITY SETS IN, TRADE GAP WIDENED, AND SMART MONEY WOULD SELL THIS RALLY/TAKE PROFITS. 3-10-08 MODEST DROP IN STOCKS RELATIVE TO REALITY, NEW BANK DOWNGRADES, MORGAN SLASHES EARNINGS ESTIMATES FOR S&P AND SAYS ALREADY IN RECESSION, EVEN MORE ECONOMISTS NOW SAY THE OBVIOUS/RECESSION, RUMOR THAT BEAR STERNS WITH SUBSTANTIAL LIQUIDITY ISSUES IS GOING UNDER, DOLLAR DOWN, EARNINGS ESTIMATES CUT ON CITIBANK AND BANKOFAMERICA, ONE ECONOMIST/ANALYST SAYS (HYPERINFLATIONARY) HIGH ENERGY AND FOOD PRICES (CONVENIENTLY LEFT OUT OF THE FED’S “TOUTED” CORE RATE) ARE SQUEEZING THE CONSUMER (AND HENCE, CONSUMPTION/65% OF GDP) AND THAT COMMODITIES A BUBBLE AND MULTINATIONALS WITH OVERSEAS EARNINGS/POSITVE CURRENCY TRANSLATION TO WEAKER DOLLAR PREFERRED, AN OIL ANALYST SAYS $200 OIL POSSIBLE (REITERATING GOLDMAN) WITH CONTINUED WEAKENING OF DOLLAR, ANOTHER ANALYST/JOURNALIST SAYS SELL DOLLAR DENOMINATED STOCKS/SECURITIES/ASSETS WHICH HAVE MUCH FURTHER TO FALL AND REITERATES AS DID BARRON’S THAT MORTGAGE INSURERS HAVE OVER $5 TRILLION IN DEBT/EXPOSURE AND THAT MANY OF THE NATIONS BANKS ARE ALREADY INSOLVENT SO GET OUT OF THE DOLLAR AND U.S. STOCKS. 3-7-08 BAD EMPLOYMENT/JOBS DATA ACROSS ALL SECTORS AS 63,000 JOBS LOST WITH DOWNWARD REVISIONS TO DECEMBER AND JANUARY (ACTUALLY LOST 20,000) JOBS NUMBERS, ONE ANALYST SAYS WE’RE IN A RECESSION WHILE MORE ECONOMISTS SAY RECESSION WITH ONE STATING THAT YOU ALMOST NEVER SEE BACK-TO-BACK MONTHLY DECLINE IN EMPLOYMENT WITHOUT RECESSION AS NOW, DOLLAR AT NEW RECORD LOWS, CONSUMERS INCREASED BORROWING TO STAY AFLOAT, WASHINGTON MUTUAL FURTHER DOWNGRADES, SUPPORT LEVELS BROKEN TO THE DOWNSIDE, SENTIMENT- 85% BELIEVE THINGS WILL GET WORSE. 3-6-08 MODEST DROP IN STOCKS RELATIVE TO REALITY TO KEEP THE SUCKERS SUCKERED AND THE COMPUTERIZED COMMISSION TRADE DOLLARS FLOWING. 23% INCREASE IN FORECLOSURES IN FOURTH QUARTER NEW RECORD HIGH, DOLLAR AT NEW RECORD LOWS, 10% OF HOMES WITH 0 OR NEGATIVE EQUITY, MORTGAGE BANKERS ASSOCIATION SAYS HOME FORECLOSURES AT ALL-TIME HIGH AND GOING HIGHER, ONE R.E. ANALYST SAYS ROUGH YEAR AHEAD WITH FORECLOSURES AND DEFAULTS UP, ONE ANALYST SAYS MARKET WILL TEST NEW LOWS/SUPPORT LEVELS WITH FLIGHT TO “QUALITY”/TREASURIES, LENDER THORNBURG DEFAULTS AND ALONG WITH WASHINGTON MUTUAL IS DOWNGRADED, CONTINUING CLAIMS FOR UNEMPLOYMENT AT HIGH LEVELS MEANS COMPANIES SHRINKING, IGNORE KNEE-JERK ELECTION YEAR GOVERNMENT HUNKY DORY FAKE REPORTS. 3-5-08 OIL INVENTORIES LESS THAN EXPECTED, FED BEIGE BOOK CITES ECONOMIC WEAKNESS PARTICULARLY SINCE BEGINNING OF THE YEAR, LABOR COSTS ROSE, RISING PRICE PRESSURES/STAGFLATION, RECESSION/BEAR MARKET, ONE ANALYST SAYS TOUGH FIRST HALF RECOMMENDS MULTINATIONALS WITH 50% OVERSEAS EARNINGS (FAVORABLE CURRENCY TRANSLATION) AND CONSUMER STAPLES/HEALTH RELATED/DEFENSIVE STOCKS, AMBAC TO FLOAT STOCK TO SHORE UP BALANCE SHEET TO TUNE OF $1.5 BILLION/DILUTION AND SHARES FALL $2 TO $8.70, OIL ANALYST CITES DECLINE IN OIL INVENTORIES/DIESEL/JET FUEL AND WEAK DOLLAR AND TOP $108-$110 BUT $120-$130 IF VENEZUELA/COLUMBIA CONFLICT AND MORE RECORD HIGH GAS PRICES TO COME, ANOTHER ECONOMIST/ANALYST SAYS CONTINUED DECLINE IN REAL ESTATE/HOUSING WITH STARTS DOWN 15-20-40% ON WELL DESERVED PESSIMISM/CREDIT CRUNCH. 3-4-08 SUCKERS’ BEAR MARKET RALLY INTO THE CLOSE BASED ON B**L S**T ALONE, VIZ., RUMOR/SPECULATION ABOUT YET ANOTHER BAILOUT FOR WALL STREET/AMBAC/BOND INSURERS AND OVER 200 POINT SWING TO THE UPSIDE BASED ON NOTHING WHATSOEVER, ONE ECONOMIST/ANALYST NOTES THIS IS THE DEEPEST HOUSING DECLINE SINCE GREAT DEPRESSION, BERNANKE SAYS ANOTHER SPIKE IN FORECLOSURES AHEAD AND PROPOSES REDUCTION OF PRINCIPAL AMOUNTS IN EXISTING LOANS (SOUNDS LIKE A PLAN…..RIIIIIGHT!), KEN SHREVE FINANCE EDITOR INVESTORS BUSINESS DAILY SAYS BEAR MARKET 6-9 MONTHS/ DON’T TRY TO CATCH A FALLING KNIFE AS INSTITUTIONS STILL SELLING/KEEP MONEY SAFE IN 3% MONEY MARKET FOR TIME BEING, ONE OIL ANALYST SAYS OIL HIGHER BEFORE LOWER AS EXPECTED RATE CUT WILL FURTHER WEAKEN DOLLAR AND DRIVE UP OIL/COMMODITIES PRICES AND PROBLEMS IN CONSUMER DEBT IN ADDITION TO MORTGAGES AND NOBODY WANTS TO HOLD DOLLARS, 3-3-08 SUCKERS’ BEAR MARKET RALLY INTO THE CLOSE, YES WE ARE IN A RECESSION FROM SOMEONE WHO UNLIKE THE FRAUDS ON WALL STREET HAS READ SECURITY ANALYSIS BY GRAHAM, DODD, AND COTTLE AND UNDERSTANDS IT (WARREN BUFFET), ALL NEWS NEGATIVE, IE., ISM MANUFACTURING INDEX DOWN TO 48.3 (CONTRACTION), CAR SALES DOWN AT GM (-12%) AND FORD (-7%), CONSTRUCTION SPENDING DOWN MOST IN 14 YEARS, OIL ANALYSTS POINT TO THE NEW HIGHS WHILE ECONOMIST/ANALYST SAYS DOLLAR HAS FALLEN THROUGH ALL SUPPORT LEVELS MEANING MORE BOTTOMS TO COME, INFLATION OUTPACING CONSUMER SPENDING (EVEN WITH SPENDING NUMBER HIGHER THAN EXPECTED WHICH PROBABLY MEANS REALITY WAS NEGATIVE), CONSUMER CONFIDENCE/SENTIMENT DOWN SHARPLY, CHICAGO MANUFACTURING INDEX DOWN INDICATING CONTRACTION, $5.29 BILLION LOSS FOR AIG ON WRITEOFFS, INTRA DAY HIGH FOR OIL OVER $103, INFLATION/WEAK DOLLAR/ECONOMIC WEAKNESS=STAGFLATION, FOURTH MONTHLY DECLINE IN A ROW FOR STOCK MARKET, ONE ECONOMIST/ANALYST IF NOT THEN ALMOST IN RECESSION WITH WORSE INFLATION NEWS AND INFLATION ADJUSTED INCOME/SPENDING FLAT, ANOTHER ECONOMIST/ANALYST SAYS RECESSION AND CITES NEGATIVE SAVINGS RATE AND FURTHER ECONOMIC WEAKNESS, ANALYST SAYS CONTINUED ECONOMIC WEAKNESS WITH FURTHER DOLLAR DECLINE SO BULLISH ON METALS AND BEARISH ON STOCKS, AND YET ANOTHER ECONOMIST/ANALYST SAYS INFLATION/RECESSION BUT NOT DEPRESSION…..RIIIIIGHT, GDP GROWTH REPORTED MUCH LESS THAN EXPECTED (BUT CLOSER TO REALITY) AT MINISCULE .6%, UNEMPLOYMENT CLAIMS JUMP 19,000 TO 373,000 AT HIGHEST LEVEL SINCE POST KATRINA, BERNANKE SAYS CONSUMER WORSE OFF THAN JUST AFTER 911(?) AND THAT SOME BANKS COULD (WILL) FAIL AND THAT STAGFLATION WILL NOT BE AS BAD AS THE 70’S, FANNIE MAE AND FREDDIE MAC SHOW MASSIVE LOSSES, ONE ANALYST 50 YEARS IN THE BUSINESS SEES RECESSION AND SAYS FINANCIALS HAVE BECOME IMPENETRABLE IN TERMS OF ANALYSIS/LOSSES, ANOTHER ECONOMIST/ANALYST SAYS WE’RE NOWHERE NEAR IMPROVEMENT IN R.E./HOUSING MARKET, YET ANOTHER ECONOMIST/ANALYST SAYS RECESSION WITH HIGHER INFLATION LOWER GROWTH (STAGFLATION) AND THAT FED FORECASTS HAVE BEEN WRONG AND ONLY RECESSION TO BRING DOWN INFLATION, NEW RECORD LOW FOR DOLLAR AGAINST EURO AND SWISS FRANC (AND EVEN WORTH LESS THAN THE LOWLY CANADIAN LOONEY, ETC.) WHICH ALONG WITH DEFICIT SPENDING IS HYPERINFLATIONARY AS OIL SEES NEW INTRADAY HIGH OF $102.64, SALES/ORDERS OF DURABLE GOODS DOWN MORE THAN EXPECTED 5.3%, BERNANKE’S NEGATIVE COMMENTS ON GREENSPAN RECESSION PROMISES RATE CUTS FOR NEW BUBBLE WHICH RALLIES STOCKS, ONE ANALYST SAYS BANKS AS THEIR OWN INSURERS INCREASES RISK, ANOTHER ANALYST SAYS CONTINUED DEFICIT SPENDING INCREASES INFLATIONARY PROBLEMS/RISK, FORECLOSURES/BANK REPO’S UP 90% YEAR OVER YEAR, REGULATORS PREDICT OVER 100 BANK FAILURES, FORECLOSURES UP 57% IN JANUARY, WHOLESALE INFLATION UP MUCH HIGHER THAN EXPECTED 7.5% (CORE RATE 4+%), 9% DROP IN HOME VALUES/PRICES, CONSUMER CONFIDENCE DOWN TO 17 YEAR LOW, ELECTION YEAR/PROTECT INCOMPETENT INCUMBENT GOV’T PRINTING WORTHLESS DOLLARS LIKE MAD WITH EXCESS LIQUIDITY CHASING TOO FEW GOODS (IE., FOOD UP 6%, ETC.) WHICH IS HYPER-INFLATIONARY, ECONOMIST/ANALYST DR. KELLNER SAYS EASIER MONEY/FISCAL PACKAGE WON’T REFLATE HOUSING MARKET (RECESSION), ANOTHER ANALYST SAYS IN BEAR MARKET/RECESSION RECOMMENDS DEFENSIVE/PREFERRED STOCKS/BONDS/CASH, DR. SHILLER- CASE-SHILLER INDEX- HOME VALUES CONTINUED DECLINE AND IN OR ABOUT TO ENTER RECESSION (THAT’S ALREADY HERE), Stiglitz Blames Greenspan For Recession, IBM ON $15 BILLION BUYBACK AND JAWBONING AND SIGNIFICANT OVERSEAS SALES (AND POSITIVE CURRENCY TRANSLATION TO THE WORTHLESS DOLLAR) RALLIES MARKET (WHAT BULL S**T), SHARPLY LOWER AND MORE WORTHLESS DOLLAR/HIGH OIL PRICE RALLY CREATES YET ANOTHER B.S. SWING OF OVER 200 POINTS TO THE UPSIDE, FOOD PRICES UP 6% ON ETHANOL CROWD-OUT, HOME SALES DOWN 5.5% / MEDIAN SALES PRICE DOWN 4.6%, ONE R.E. EXPERT SAYS WITH SALES FALLING AND FORECLOSURES RISING WORSE YET TO COME, LEADING ECONOMIC INDICATORS FELL FOR FOURTH MONTH IN A ROW (-.1%), PHILADELPHIA FED MANUFACTURING INDEX UNEXPECTEDLY AND SIGNIFICANTLY LOWER (THE PHILADELPHIA MANUFACTURING INDEX FELL TO A -24, INDICATING A SHARP CONTRACTION IN THE REGION'S MANUFACTURING ACTIVITY. ECONOMISTS HAD ANTICIPATED A READING OF -10, A LESS PRONOUNCED CONTRACTION. LAST MONTH THE READING CAME IN AT -20.9.), ONE ECONOMIST/ANALYST SAYS SIGNIFICANT INFLATION AND UNEMPLOYMENT-STAGFLATION-AHEAD ALONG WITH CONTINUED DEFLATION OF HOUSING BUBBLE WITH NATIONWIDE AVERAGE PRICE DECLINE OF 8-10% AND ANOTHER DECLINE OF 15-20% TO COME. SUCKERS’ BEAR MARKET/SHORT-COVERING RALLY TO KEEP THE SUCKERS SUCKERED AND THE COMPUTERIZED COMMISSION TRADE DOLLARS FLOWING. (DOW +262, NASDAQ +48, S&P +31) [CLOSE- OIL $101.84 / GOLD $920 / SILVER $16.85 / PLATINUM $1,877.30 / DOLLAR AT 1.54 AGAINST EURO, 98 YEN, 1.98 POUND STERLING, ETC. (HOW LOW CAN YOU GO - LOWER)]. I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SMART MONEY WOULD SELL HERE (TAKE PROFITS). 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. [PLEASE NOTE: I SELDOM NAME ANALYSTS/REPORTERS/JOURNALISTS BEARING NOT SO GLAD TIDINGS FOR FEAR THEY’LL BE CRUCIFIED BY THE FRAUDS ON WALL STREET].

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Comment on: Is the Economy Really Going to be 'Just Fine' ? at 3/20/2008 8:04 PM EDT

NO! NOT AT ALL! NOT EVEN CLOSE!
WHAT CREDIBILITY DOES A MORON AND WAR CRIMINAL LIKE BUSH HAVE TO EVEN MAKE SUCH A PREPOSTEROUS CLAIM GIVEN THE REALITY:
CLOSING NUMBERS STOCKS/METALS/OIL/COMMENTARY
SELL INTO STRENGTH /TAKE PROFITS/ SELL DOLLAR DENOMINATED SECURITIES
(3-20-08) (DOW +262, NASDAQ +48, S&P +31) [CLOSE- OIL $101.84 / GOLD $920 / SILVER $16.85 / PLATINUM $1,877.30 / DOLLAR AT 1.54 AGAINST EURO, 98 YEN, 1.98 POUND STERLING, ETC. (HOW LOW CAN YOU GO - LOWER)]. FULL MOON WITH OBVIOUS EFFECT ON LUNATIC WALL STREET FRAUDS. SMART MONEY WOULD SELL INTO THIS SUCKERS’ BEAR MARKET/SHORT-COVERING RALLY (TAKE PROFITS) WHICH IS BASED UPON B**L S**T AND EXCEEDINGLY BAD ECONOMIC NEWS VIZ., UNEMPLOYMENT CLAIMS UP MUCH MORE THAN EXPECTED 22,000 TO HIGH 378,000, CREDIT SWISSE TO REVISE PREVIOUS YEARS PROFITS DOWN ON FURTHER WRITEDOWNS, PHILADELPHIA FED MANUFACTURING INDEX DOWN, AND LEADING ECONOMIC INDICATORS DOWN FOR FIFTH MONTH IN A ROW WHICH HAS ALWAYS SIGNALED/INDICATED/PRECEDED ECONOMIC DOWNTURN/CONTRACTION/RECESSION. ONE SOMEWHAT SENILE ANALYST WELCOMED THE MASSIVE AMOUNT OF FAKE/FIAT/PRINTED MONEY SAYING THE FINANCIALS WHICH HAVE LAGGED THE MARKET BY 20% WILL BE HELPED/INFLATED OUT OF THEIR DOLDRUMS (HYPERINFLATIONARY) BY SAME WHICH HE LIKES BECAUSE HE’S HEAVILY CONCENTRATED IN FINANCIALS (GREAT CALL) AND THAT THE MONEY HASN’T SHOWN UP YET BUT FAILS TO REALIZE THE U.S. HAS NEVER BEEN IN SUCH DIRE CIRCUMSTANCES ECONOMICALLY, FINANCIALLY, AND GEOPOLITICALLY AS NOW. A MORE RATIONAL VIEW BY ECONOMIST DR. IRVING KELLNER SAID STIMULUS THUS FAR TREATS SYMPTOMS WITH MERE BANDAIDS WHICH FAIL TO ADDRESS/CURE THE PROBLEM/CAUSE/DISEASE AND IS RATHER SIMPLISTIC TO A FAULT IN FOCUSING SOLELY ON HOUSING/REAL ESTATE VALUES ALTHOUGH CORRECTLY STATES THAT EASIER MONEY WILL NOT ENHANCE THE VALUE OF MORTGAGE-BACKED SECURITIES WHICH REMAIN INDETERMINANT, DOWN, OR GOING DOWN AND ADVOCATES DEPRESSION ERA APPROACH SINCE HE CORRECTLY STATES ECONOMY HAS ALREADY (DECEMBER, 2007 OR JANUARY, 2008) ENTERED THE WORST RECESSION OF THE POST-WAR ERA (DESPITE ELECTION YEAR SPIN). ANOTHER ANALYST SAYS THIS IS A SHORT-COVERING RALLY AND AN OPPORTUNITY TO SELL/TAKE PROFITS (I TOTALLY AGREE), THAT THE FED DESPERATION MOVES INCLUDING PRINTING DOLLARS LIKE MAD HAVE LED TO A DEBASEMENT OF THE U.S. CURRENCY AND THAT THE DOLLAR WILL CONTINUE TO GO LOWER, THAT TRILLIONS HAVE BEEN BORROWED BUT THAT THEY WILL BE UNSUCCESSFUL IN REINFLATING THE BUBBLE, THAT THE FINANCIAL CRISIS IS NO WHERE NEAR BEING OVER WITH MUCH MORE CARNAGE TO COME, AND RECOMMENDS BEING TOTALLY OUT OF THE DOLLAR INCLUDING DOLLAR DENOMINATED SECURITIES AND INTO OTHER FOREIGN CURRENCIES/SECURITIES. 3-19-08 MODEST DROP IN STOCKS RELATIVE TO REALITY. I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). MORGAN STANLEY EARNINGS DOWN 40% BUT BETTER THAN EXPECTED…..RIIIIIGHT…..ON COMPUTERIZED BOND/STOCK TRADING COMMISSIONS. MERRILL LYNCH SAYS MORE LOAN LOSSES. ONE ANALYST SAYS NOT MUCH OPTIMISM REGARDING FED MOVES, DEEPENING FEARS ABOUT ECONOMY, WALL STREET STUCK WITH A LOT OF STUFF (IE., JUNK BONDS, JUNK SECURITIES, JUNK DERIVATIVES, SUBPRIME MORTGAGES, ETC.) WHICH CAN’T BE SOLD EXCEPT AT FIRESALE PRICES, AVOID EQUITIES PARTICULARLY SMALL/MIDCAPS, RAISE CASH (TAKING PROFITS/SELLING), LOOKING FOR CONFIRMATION, ENTERED RECESSION IN FEBRUARY BUT WITH INFLATION A VERY TOUGH SCENARIO. AN OIL ANALYST SAYS COMMODITY BUBBLE BURSTING WITH PROFIT-TAKING/PATH OF LEAST RESISTANCE BUT STILL RECORD DIESEL AT $4.21, RECORD HOME HEATING OIL $3.80 SO WAIT AND SEE. ANOTHER ANALYST SAYS EMERGING MARKETS ATTRACTIVE RELATIVE TO DEVELOPED CITING P/E MULTIPLE COMPARISON BUT NO SAVE HAVEN AND POINTS TO FURTHER WEAKNESS IN DOLLAR RELATIVE TO OTHER CURRENCIES. METALS ANALYST SAYS RATE CUT LESS THAN EXPECTED AND ETFS (AND COMPUTERIZED TRADING THEREOF) HAS PROPPED DEMAND. 3-18-08 SUCKERS’ BEAR MARKET IRRATIONALLY EXUBERANT BUBBLE RALLY ON FED FEAR AND TREMBLING PANIC MOVE TO KEEP THE SUCKERS SUCKERED AND THE COMPUTERIZED COMMISSION TRADE DOLLARS FLOWING. I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). WHOLESALE/PRODUCER PRICES UP MORE THAN EXPECTED .3% WITH CORE RATE UP .5%. HOUSING STARTS DOWN 36% TO LOWEST LEVEL IN 17 YEARS. SHARPLY (MORE THAN 50%) LOWER EARNINGS AT GOLDMAN AND LEHMAN RALLIES THEIR STOCKS WITH FAMILIAR MANTRA ‘NOT AS BAD AS EXPECTED’…..RIIIIIGHT! DOLLAR DOWN AGAINST MOST CURRENCIES ON .75% PANIC CUT IN FED FUNDS RATE TO 2.25%. ONE ANALYST POINTS TO STRENGTH BY SECTOR, VIZ., FINANCIALS +8% (FOCUS OF THE BAILOUT), SMALL CAPS +5%, EMERGING MARKETS +5%, AND SAYS DOLLAR WILL BE BOTTOMING. AN OIL ANALYST SAYS OIL TO GO HIGHER WITH INFLUX OF SPECULATIVE NEW MONEY FROM RATE CUT. FORMER FED GOVERNOR GRAMLEY SAY WE’RE IN SERIOUS ECONOMIC CRISIS, IN RECESSION WITH ECONOMIC WEAKNESS SUFFICIENT TO MUTE DEMAND/SHARPER PRICE INCREASES, AND COMPARES ECONOMY TO CANCER PATIENT UNDERGOING NECESSARY CHEMOTHERAPY…..RIIIIIGHT….., FED HAS USED EMERGENCY POWERS NOT USED SINCE THE GREAT DEPRESSION BUT CAN’T RELY SOLELY ON THE FED. ANOTHER ANALYST TALKS IN TERMS OF TRADING ON A DAY-TO-DAY BASIS (FACT-THERE ARE HISTORICALLY VERY FEW SUCCESSFUL TRADERS), BELIEVES FED WENT TOO FAR WITH RATE CUT AND SEES SIGNIFICANT PROBLEM WITH INFLATION, THUMBS UP FOR METALS/OIL AND LARGE CAP TECH WITH OVERSEAS EARNINGS, BUT FURTHER CAUTIONS OWING TO NEGATIVE REAL INTEREST RATES (RATES LESS THAN INFLATION, RISK, ECONOMIC FACTORS/PREMIUMS). FINALLY, THINGS ARE SO HUNKY DORY THAT AS REPORTED BY CONTINENTAL COIN AND JEWELRY PEOPLE ARE PULLING THEIR TEETH, EXTRACTING AND SELLING THE GOLD. LOVELY! 3-17-08 LUNATIC/FRAUDS 200+ POINT COMPUTERIZED BUY PROGRAM SUCKERS’ BEAR MARKET/SHORT-COVERING RALLY TO THE UPSIDE BASED UPON NOTHING WHATSOEVER THAT HASN’T ALREADY BEEN DISCOUNTED (IE., MORE RATE CUTS BY FED IN PANIC MODE, ETC.). I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). INDUSTRIAL PRODUCTION FELL A GREATER THAN EXPECTED ONE-HALF OF 1%. ONE ANALYST CITES NEW LOWS FOR DOLLAR AND SUBSTANTIAL MOVE BY FED ALREADY DISCOUNTED (.75%). ANOTHER ANALYST CITES WEAKER DOLLAR AND SLOWER ECONOMY IMPACTING DEMAND (IE., FOR GOODS, ETC., AND HENCE, COMMODITY PRICES, HENCE LOWER OIL PRICE THIS DAY), CITES THIS DAYS SHORT-COVERING RALLY AND RECOMEMMENDS MULTINATIONALS WITH OVERSEAS EARNINGS (POSITIVE CURRENCY TRANSLATION) AND OVERSEAS NON-DOLLAR DENOMINATED SECURITIES (UTILITIES, ETC.). YET ANOTHER ECONOMIST/ANALYST CITES BUSINESS MODELS COMPARABLE TO BEAR STEARNS IN FINANCIAL SECTOR(PROBLEMS WITH HEDGE FUNDS/INVESTMENT BANKS) WHICH HAS PROVEN INABILITY TO MANAGE THEIR OWN AFFAIRS SAYING DEREGULATION A DISASTER AND REREGULATION A CURE, NO END TO FALL IN DOLLAR AS US BECOMES WORLD’S BEGGAR, AND RECOMMENDS NON-DOLLAR DENOMINATED SECURITIES (IE., EURO, SWISS FRANC, ETC., AND EMERGING FAR EAST MARKETS). ANOTHER MORE CALIFORNIA/SENILE, ANALYST/BROKER WHO LIKE OTHERS HAVE LOST SUBSTANTIAL MONIES FOR CLIENTS CITES LACK OF OF TRANSPARENCY AS VALUE OF HIS BUYS AND HOLDS CONTINUES TO FALL WITH DOLLAR BUT TALKS SOME SPECULATIVE BUYS AND CASH. A FINANCIAL TIMES EDITOR SAYS NO BOTTOM YET, THAT BY HISTORICAL STANDARDS THE SCENARIO IS QUITE BAD FOR THE US, THAT BEAR STEARNS WAS NOT ALONE AMONG US FIRMS IN THEIR PROBLEMS, THAT THE MARKET IS EXPECTING 1% PANIC CUT BY FED, AND THAT THE US ECONOMY IS IN DEEP TROUBLE. 3-14-08 EARLY SURGE BASED ON FALSE BENIGN INFLATION REPORT (SHOWING NO CHANGE IN RETAIL INFLATION) FROM THE GOVERNMENT GIVES WAY TO REALITY THAT THEY CAN’T COVER UP/LIE ABOUT (DESPITE INTRA-DAY SUCKERS RALLY) WHEN THERE IS A RUN ON LARGE WALL STREET INVESTMENT BANK BEAR STEARNS (FIRST SUCH SINCE THE GREAT DEPRESSION) WHICH CITES LIQUIDITY CRISIS AS NY FED AND JP MORGAN INTERVENE WITH 28 DAY LOAN AS BEAR IS HOLDING HIGH RISK (WORTHLESS) ASSETS WHICH ARE ILLIQUID (THINLY TRADED/CAN’T BE SOLD) AS RESERVES (THEY ARE NOT ALONE IN THIS REGARD AMONG THE FRAUDS ON WALLSTREET, ETC., AND ONLY 2 DAYS AGO BEAR SAID BALANCE SHEET STABLE), ALL TIME LOWS FOR THE DOLLAR, WSJ REPORTS MAJORITY OF ECONOMISTS THINK WE’RE IN RECESSION, MICHIGAN (NON-WASHINGTON NON-FED GOV’T REPORT) SENTIMENT INDEX AT NEW 16 YEAR LOW. ONE ANALYST SAYS DOLLAR WEAKNESS/LOWER YIELDS/ECONOMIC CONCERNS WILL CONTINUE DOWNWARD TREND, INFLATION REPORT SURPRISE/FOOLISH AND HIGHER INFLATION NUMBER FOR MARCH, CRESCENDO OF BAD NEWS IN COMING WEEK AND LOOK FOR NEW LOWS/BOTTOM(?). OIL ANALYST CITES WEAK DOLLAR/EASY MONEY FLOWS AND SAYS LOOK FOR OIL AT $120-$125. ANOTHER ANALYST SAYS ITS TOO LATE FOR FED TO TURN THIS WRITEDOWN/SUBPRIME/ECONOMIC DOWNTURN AROUND WITH BEAR ANOTHER $35-$70 BILLION BAD AND WHAT AFTER 28 DAY LOAN-EXPECT TAKEOVER/NO MORE BEAR STEARNS. 3-13-08 SMART MONEY WOULD SELL INTO THIS SUCKERS’ BEAR MARKET RALLY (TAKE PROFITS) WHICH IS BASED UPON B**L S**T ALONE (NOTHING WHATSOEVER) AS STANDARD AND POORS ANALYST SAYS THE END OF WRITEDOWNS MIGHT (BUT NOT QUITE) BE IN SIGHT (WHICH IS LIKE THAT BROKER WHO SELLS STOCKS FOR A LIVING SAYING HE’S TRYING TO KEEP CLIENTS IN STOCKS BECAUSE AT SOME POINT THEY’LL GO UP)…RIIIIIGHT….. WHICH IS MEANINGLESS COMING FROM STANDARD AND POORS WHICH SHOULD BE ACCOUNTABLE/LIABLE (FOR THIS FRAUD) ALONG WITH THE FRAUDS ON WALL STREET, ETC., FOR THE TRIPLE A RATED SECURITIES ON THE BOOKS WHICH EVERYONE KNOWS ARE IN FACT NOT TRIPLE A (WORTHLESS JUNK BONDS, ASSETS, ETC.) SPURRING 200+ POINT SWING TO THE UPSIDE. VAST MAJORITY OF ECONOMISTS NOW SAY WE’RE IN RECESSION (EVEN DESPITE ELECTION YEAR GIMMICKS-AS GOOD AS GETS). RETAIL SALES DOWN MORE THAN EXPECTED .6%, FORECLOSURES UP 60% YEAR OVER YEAR, DOLLAR DOWN SHARPLY. ONE ANALYST SAYS CONTINUED UNEMPLOYMENT/EMPLOYMENT WEAKNESS, PREMATURE TO SAY AS DID S&P THAT WE’RE NEAR END OF WRITEDOWNS, MAJORITY OF ECONOMISTS NOW SAY WE’RE IN RECESSION, HOUSING DOWNTURN MUCH FURTHER TO GO, VERY DEFENSIVE AS STOCKS CONTINUE TO HIT NEW LOWS IN LARGE NUMBERS, WORST OF HOUSING CRISIS AHEAD, AND THIS IS A BEAR MARKET IN A RECESSION ECONOMY. ANOTHER ECONOMIST/ANALYST SAYS U.S. CURRENT ACCOUNT DEFICITS, LACK OF TRUST IN U.S. FINANCIAL INSTITUTIONS AND TRIPLE A RATINGS (BONDS, ETC., WHICH EVERYONE KNOWS ARE NOT), BANKS’ NEED FOR RECAPITALIZATION, LOW SAVINGS (IE., CONSUMERS USING IE., GIFT CARDS FOR GROCERIES, ETC.), FED LOSING CREDIBILITY BY FLIP-FLOPS/WRONG MOVES, AND SEES ONLY SHORT-COVERING RALLIES AT BEST. VENEZUELA SHIFT TO PAYMENT IN EUROS FOR OIL OUT OF DOLLARS. YET ANOTHER ECONOMIST SAYS WITH MONEY SUPPLY INCREASING AT EXORBITANT 27% PER ANNUM, CITING ECONOMIST FRIEDMAN SAYS HYPER-INFLATIONARY (CONTRARY TO LAND OF FRUITS AND NUTS ECONOMISTS WHO THIS DAY SEE LAND OF FRUITS AND NUTS REAL ESTATE DOWN 17.6%, SALES DOWN 40-45%, AND MEDIAN HOME PRICES DOWN $100,000, AND BUDGET DEFICITS ACROSS THE BOARD). 3-12-08 VERY MODEST DROP IN STOCKS RELATIVE TO REALITY, DOLLAR DOWN SHARPLY ON PANICKY FED KNEE JERK FUNNY MONEY ACTION, ONE ANALYST/BROKER WHO SELLS STOCKS FOR A LIVING SAYS HE’S TRYING TO KEEP CLIENTS IN STOCKS BECAUSE AT SOME POINT THEY’LL GO UP…..RIIIIIGHT…..REFERENCES THAT THIS IS WORST R.E. DOWNTURN IN 100 YEARS AND NO BOTTOM YET IN R.E. AND WSJ SAYS WORSE TO COME IN BAD PAPER (WRITEDOWNS, ETC.), AN OIL ANALYST SAYS RECORD HIGH OIL PRICES ARE HEDGE AGAINST FALLING DOLLAR WITH A LOT OF DOLLARS RELATIVE TO GOODS (AS IE., OIL, OTHER COMMODITIES, ETC.-HYPERINFLATION) AND IF YOU HOLD DOLLARS/DOLLAR DENOMINATED ASSETS/SECURITIES YOU LOSE VALUE AND SEES $4.00 GAS NATIONWIDE WITH RECORD DIESEL, WHILE ANOTHER ANALYST SAYS THAT SEEING FED GO FROM LENDER OF LAST RESORT TO LENDER (PRINTER) OF FIRST RESORT IS WORRISOME/TROUBLESOME. 3-11-08 SUCKERS’ BEAR MARKET IRRATIONALLY EXUBERANT NEW EPHEMERAL BUBBLE RALLY ON FED FEAR AND TREMBLING PANIC MOVE TO ADD $200 BILLION IN WORLDWIDE LIQUIDITY BY TEMPORARILY REPLACING (28 DAYS) ONE TYPE OF FUNNY-MONEY (WORTHLESS SUBPRIME COLLATERALIZED DEBT) WITH ANOTHER LONGER TERM WORTHLESS FUNNY-MONEY (U.S. DEBT WHICH CAN’T BE PAID BACK) WHICH IS A GREAT B.S. TALKING POINT BUT JUST A DROP IN THE BUCKET CONSIDERING THE MAGNITUDE OF THE UNDISCLOSED WRITEDOWNS/WORTHLESS PAPER BEING HELD(AND, CURING A BUBBLE WITH A NEW BUBBLE-I DON'T THINK SO), ONE ANALYST POINTS TO THE HYPERINFLATIONARY EFFECTS OF TOO MUCH LIQUIDITY CHASING TOO FEW GOODS AND MORE BAD NEWS TO COME IN TECH SECTOR AND EARNINGS ALONG WITH MORE WRITEOFFS/WRITEDOWNS WITH WORSE TO COME/NO BOTTOM YET AND HE REMAINS A BEAR, LAND OF FRUITS AND NUTS ECONOMIST SAYS BAD BUT NOT TECHNICALLY RECESSION BASED ON GOVERNMENT ELECTION-YEAR DATA (ONLY NUTS AND NUTS FROM THE LAND OF FRUITS AND NUTS BELIEVE SAME) WHILE TWO OTHER ECONOMISTS SAY RECESSION WITH STRUCTURAL PROBLEMS/HIGH INFLATION/LOWER DOLLAR AS FOREIGNERS/INVESTORS GET OUT OF WORTHLESS DOLLAR WITH BIG TROUBLE FOR U.S. POST-ELECTION AS REALITY SETS IN, TRADE GAP WIDENED, AND SMART MONEY WOULD SELL THIS RALLY/TAKE PROFITS. 3-10-08 MODEST DROP IN STOCKS RELATIVE TO REALITY, NEW BANK DOWNGRADES, MORGAN SLASHES EARNINGS ESTIMATES FOR S&P AND SAYS ALREADY IN RECESSION, EVEN MORE ECONOMISTS NOW SAY THE OBVIOUS/RECESSION, RUMOR THAT BEAR STERNS WITH SUBSTANTIAL LIQUIDITY ISSUES IS GOING UNDER, DOLLAR DOWN, EARNINGS ESTIMATES CUT ON CITIBANK AND BANKOFAMERICA, ONE ECONOMIST/ANALYST SAYS (HYPERINFLATIONARY) HIGH ENERGY AND FOOD PRICES (CONVENIENTLY LEFT OUT OF THE FED’S “TOUTED” CORE RATE) ARE SQUEEZING THE CONSUMER (AND HENCE, CONSUMPTION/65% OF GDP) AND THAT COMMODITIES A BUBBLE AND MULTINATIONALS WITH OVERSEAS EARNINGS/POSITVE CURRENCY TRANSLATION TO WEAKER DOLLAR PREFERRED, AN OIL ANALYST SAYS $200 OIL POSSIBLE (REITERATING GOLDMAN) WITH CONTINUED WEAKENING OF DOLLAR, ANOTHER ANALYST/JOURNALIST SAYS SELL DOLLAR DENOMINATED STOCKS/SECURITIES/ASSETS WHICH HAVE MUCH FURTHER TO FALL AND REITERATES AS DID BARRON’S THAT MORTGAGE INSURERS HAVE OVER $5 TRILLION IN DEBT/EXPOSURE AND THAT MANY OF THE NATIONS BANKS ARE ALREADY INSOLVENT SO GET OUT OF THE DOLLAR AND U.S. STOCKS. 3-7-08 BAD EMPLOYMENT/JOBS DATA ACROSS ALL SECTORS AS 63,000 JOBS LOST WITH DOWNWARD REVISIONS TO DECEMBER AND JANUARY (ACTUALLY LOST 20,000) JOBS NUMBERS, ONE ANALYST SAYS WE’RE IN A RECESSION WHILE MORE ECONOMISTS SAY RECESSION WITH ONE STATING THAT YOU ALMOST NEVER SEE BACK-TO-BACK MONTHLY DECLINE IN EMPLOYMENT WITHOUT RECESSION AS NOW, DOLLAR AT NEW RECORD LOWS, CONSUMERS INCREASED BORROWING TO STAY AFLOAT, WASHINGTON MUTUAL FURTHER DOWNGRADES, SUPPORT LEVELS BROKEN TO THE DOWNSIDE, SENTIMENT- 85% BELIEVE THINGS WILL GET WORSE. 3-6-08 MODEST DROP IN STOCKS RELATIVE TO REALITY TO KEEP THE SUCKERS SUCKERED AND THE COMPUTERIZED COMMISSION TRADE DOLLARS FLOWING. 23% INCREASE IN FORECLOSURES IN FOURTH QUARTER NEW RECORD HIGH, DOLLAR AT NEW RECORD LOWS, 10% OF HOMES WITH 0 OR NEGATIVE EQUITY, MORTGAGE BANKERS ASSOCIATION SAYS HOME FORECLOSURES AT ALL-TIME HIGH AND GOING HIGHER, ONE R.E. ANALYST SAYS ROUGH YEAR AHEAD WITH FORECLOSURES AND DEFAULTS UP, ONE ANALYST SAYS MARKET WILL TEST NEW LOWS/SUPPORT LEVELS WITH FLIGHT TO “QUALITY”/TREASURIES, LENDER THORNBURG DEFAULTS AND ALONG WITH WASHINGTON MUTUAL IS DOWNGRADED, CONTINUING CLAIMS FOR UNEMPLOYMENT AT HIGH LEVELS MEANS COMPANIES SHRINKING, IGNORE KNEE-JERK ELECTION YEAR GOVERNMENT HUNKY DORY FAKE REPORTS. 3-5-08 OIL INVENTORIES LESS THAN EXPECTED, FED BEIGE BOOK CITES ECONOMIC WEAKNESS PARTICULARLY SINCE BEGINNING OF THE YEAR, LABOR COSTS ROSE, RISING PRICE PRESSURES/STAGFLATION, RECESSION/BEAR MARKET, ONE ANALYST SAYS TOUGH FIRST HALF RECOMMENDS MULTINATIONALS WITH 50% OVERSEAS EARNINGS (FAVORABLE CURRENCY TRANSLATION) AND CONSUMER STAPLES/HEALTH RELATED/DEFENSIVE STOCKS, AMBAC TO FLOAT STOCK TO SHORE UP BALANCE SHEET TO TUNE OF $1.5 BILLION/DILUTION AND SHARES FALL $2 TO $8.70, OIL ANALYST CITES DECLINE IN OIL INVENTORIES/DIESEL/JET FUEL AND WEAK DOLLAR AND TOP $108-$110 BUT $120-$130 IF VENEZUELA/COLUMBIA CONFLICT AND MORE RECORD HIGH GAS PRICES TO COME, ANOTHER ECONOMIST/ANALYST SAYS CONTINUED DECLINE IN REAL ESTATE/HOUSING WITH STARTS DOWN 15-20-40% ON WELL DESERVED PESSIMISM/CREDIT CRUNCH. 3-4-08 SUCKERS’ BEAR MARKET RALLY INTO THE CLOSE BASED ON B**L S**T ALONE, VIZ., RUMOR/SPECULATION ABOUT YET ANOTHER BAILOUT FOR WALL STREET/AMBAC/BOND INSURERS AND OVER 200 POINT SWING TO THE UPSIDE BASED ON NOTHING WHATSOEVER, ONE ECONOMIST/ANALYST NOTES THIS IS THE DEEPEST HOUSING DECLINE SINCE GREAT DEPRESSION, BERNANKE SAYS ANOTHER SPIKE IN FORECLOSURES AHEAD AND PROPOSES REDUCTION OF PRINCIPAL AMOUNTS IN EXISTING LOANS (SOUNDS LIKE A PLAN…..RIIIIIGHT!), KEN SHREVE FINANCE EDITOR INVESTORS BUSINESS DAILY SAYS BEAR MARKET 6-9 MONTHS/ DON’T TRY TO CATCH A FALLING KNIFE AS INSTITUTIONS STILL SELLING/KEEP MONEY SAFE IN 3% MONEY MARKET FOR TIME BEING, ONE OIL ANALYST SAYS OIL HIGHER BEFORE LOWER AS EXPECTED RATE CUT WILL FURTHER WEAKEN DOLLAR AND DRIVE UP OIL/COMMODITIES PRICES AND PROBLEMS IN CONSUMER DEBT IN ADDITION TO MORTGAGES AND NOBODY WANTS TO HOLD DOLLARS, 3-3-08 SUCKERS’ BEAR MARKET RALLY INTO THE CLOSE, YES WE ARE IN A RECESSION FROM SOMEONE WHO UNLIKE THE FRAUDS ON WALL STREET HAS READ SECURITY ANALYSIS BY GRAHAM, DODD, AND COTTLE AND UNDERSTANDS IT (WARREN BUFFET), ALL NEWS NEGATIVE, IE., ISM MANUFACTURING INDEX DOWN TO 48.3 (CONTRACTION), CAR SALES DOWN AT GM (-12%) AND FORD (-7%), CONSTRUCTION SPENDING DOWN MOST IN 14 YEARS, OIL ANALYSTS POINT TO THE NEW HIGHS WHILE ECONOMIST/ANALYST SAYS DOLLAR HAS FALLEN THROUGH ALL SUPPORT LEVELS MEANING MORE BOTTOMS TO COME, INFLATION OUTPACING CONSUMER SPENDING (EVEN WITH SPENDING NUMBER HIGHER THAN EXPECTED WHICH PROBABLY MEANS REALITY WAS NEGATIVE), CONSUMER CONFIDENCE/SENTIMENT DOWN SHARPLY, CHICAGO MANUFACTURING INDEX DOWN INDICATING CONTRACTION, $5.29 BILLION LOSS FOR AIG ON WRITEOFFS, INTRA DAY HIGH FOR OIL OVER $103, INFLATION/WEAK DOLLAR/ECONOMIC WEAKNESS=STAGFLATION, FOURTH MONTHLY DECLINE IN A ROW FOR STOCK MARKET, ONE ECONOMIST/ANALYST IF NOT THEN ALMOST IN RECESSION WITH WORSE INFLATION NEWS AND INFLATION ADJUSTED INCOME/SPENDING FLAT, ANOTHER ECONOMIST/ANALYST SAYS RECESSION AND CITES NEGATIVE SAVINGS RATE AND FURTHER ECONOMIC WEAKNESS, ANALYST SAYS CONTINUED ECONOMIC WEAKNESS WITH FURTHER DOLLAR DECLINE SO BULLISH ON METALS AND BEARISH ON STOCKS, AND YET ANOTHER ECONOMIST/ANALYST SAYS INFLATION/RECESSION BUT NOT DEPRESSION…..RIIIIIGHT, GDP GROWTH REPORTED MUCH LESS THAN EXPECTED (BUT CLOSER TO REALITY) AT MINISCULE .6%, UNEMPLOYMENT CLAIMS JUMP 19,000 TO 373,000 AT HIGHEST LEVEL SINCE POST KATRINA, BERNANKE SAYS CONSUMER WORSE OFF THAN JUST AFTER 911(?) AND THAT SOME BANKS COULD (WILL) FAIL AND THAT STAGFLATION WILL NOT BE AS BAD AS THE 70’S, FANNIE MAE AND FREDDIE MAC SHOW MASSIVE LOSSES, ONE ANALYST 50 YEARS IN THE BUSINESS SEES RECESSION AND SAYS FINANCIALS HAVE BECOME IMPENETRABLE IN TERMS OF ANALYSIS/LOSSES, ANOTHER ECONOMIST/ANALYST SAYS WE’RE NOWHERE NEAR IMPROVEMENT IN R.E./HOUSING MARKET, YET ANOTHER ECONOMIST/ANALYST SAYS RECESSION WITH HIGHER INFLATION LOWER GROWTH (STAGFLATION) AND THAT FED FORECASTS HAVE BEEN WRONG AND ONLY RECESSION TO BRING DOWN INFLATION, NEW RECORD LOW FOR DOLLAR AGAINST EURO AND SWISS FRANC (AND EVEN WORTH LESS THAN THE LOWLY CANADIAN LOONEY, ETC.) WHICH ALONG WITH DEFICIT SPENDING IS HYPERINFLATIONARY AS OIL SEES NEW INTRADAY HIGH OF $102.64, SALES/ORDERS OF DURABLE GOODS DOWN MORE THAN EXPECTED 5.3%, BERNANKE’S NEGATIVE COMMENTS ON GREENSPAN RECESSION PROMISES RATE CUTS FOR NEW BUBBLE WHICH RALLIES STOCKS, ONE ANALYST SAYS BANKS AS THEIR OWN INSURERS INCREASES RISK, ANOTHER ANALYST SAYS CONTINUED DEFICIT SPENDING INCREASES INFLATIONARY PROBLEMS/RISK, FORECLOSURES/BANK REPO’S UP 90% YEAR OVER YEAR, REGULATORS PREDICT OVER 100 BANK FAILURES, FORECLOSURES UP 57% IN JANUARY, WHOLESALE INFLATION UP MUCH HIGHER THAN EXPECTED 7.5% (CORE RATE 4+%), 9% DROP IN HOME VALUES/PRICES, CONSUMER CONFIDENCE DOWN TO 17 YEAR LOW, ELECTION YEAR/PROTECT INCOMPETENT INCUMBENT GOV’T PRINTING WORTHLESS DOLLARS LIKE MAD WITH EXCESS LIQUIDITY CHASING TOO FEW GOODS (IE., FOOD UP 6%, ETC.) WHICH IS HYPER-INFLATIONARY, ECONOMIST/ANALYST DR. KELLNER SAYS EASIER MONEY/FISCAL PACKAGE WON’T REFLATE HOUSING MARKET (RECESSION), ANOTHER ANALYST SAYS IN BEAR MARKET/RECESSION RECOMMENDS DEFENSIVE/PREFERRED STOCKS/BONDS/CASH, DR. SHILLER- CASE-SHILLER INDEX- HOME VALUES CONTINUED DECLINE AND IN OR ABOUT TO ENTER RECESSION (THAT’S ALREADY HERE), Stiglitz Blames Greenspan For Recession, IBM ON $15 BILLION BUYBACK AND JAWBONING AND SIGNIFICANT OVERSEAS SALES (AND POSITIVE CURRENCY TRANSLATION TO THE WORTHLESS DOLLAR) RALLIES MARKET (WHAT BULL S**T), SHARPLY LOWER AND MORE WORTHLESS DOLLAR/HIGH OIL PRICE RALLY CREATES YET ANOTHER B.S. SWING OF OVER 200 POINTS TO THE UPSIDE, FOOD PRICES UP 6% ON ETHANOL CROWD-OUT, HOME SALES DOWN 5.5% / MEDIAN SALES PRICE DOWN 4.6%, ONE R.E. EXPERT SAYS WITH SALES FALLING AND FORECLOSURES RISING WORSE YET TO COME, LEADING ECONOMIC INDICATORS FELL FOR FOURTH MONTH IN A ROW (-.1%), PHILADELPHIA FED MANUFACTURING INDEX UNEXPECTEDLY AND SIGNIFICANTLY LOWER (THE PHILADELPHIA MANUFACTURING INDEX FELL TO A -24, INDICATING A SHARP CONTRACTION IN THE REGION'S MANUFACTURING ACTIVITY. ECONOMISTS HAD ANTICIPATED A READING OF -10, A LESS PRONOUNCED CONTRACTION. LAST MONTH THE READING CAME IN AT -20.9.), ONE ECONOMIST/ANALYST SAYS SIGNIFICANT INFLATION AND UNEMPLOYMENT-STAGFLATION-AHEAD ALONG WITH CONTINUED DEFLATION OF HOUSING BUBBLE WITH NATIONWIDE AVERAGE PRICE DECLINE OF 8-10% AND ANOTHER DECLINE OF 15-20% TO COME. SUCKERS’ BEAR MARKET/SHORT-COVERING RALLY TO KEEP THE SUCKERS SUCKERED AND THE COMPUTERIZED COMMISSION TRADE DOLLARS FLOWING. (DOW +262, NASDAQ +48, S&P +31) [CLOSE- OIL $101.84 / GOLD $920 / SILVER $16.85 / PLATINUM $1,877.30 / DOLLAR AT 1.54 AGAINST EURO, 98 YEN, 1.98 POUND STERLING, ETC. (HOW LOW CAN YOU GO - LOWER)]. I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SMART MONEY WOULD SELL HERE (TAKE PROFITS). 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. [PLEASE NOTE: I SELDOM NAME ANALYSTS/REPORTERS/JOURNALISTS BEARING NOT SO GLAD TIDINGS FOR FEAR THEY’LL BE CRUCIFIED BY THE FRAUDS ON WALL STREET].

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Comment on: On War's Anniversary, Bush Cites Progress at 3/20/2008 7:14 AM EDT

Middle East Headlines
Red Cross: Iraq's humanitarian situation most critical
Some families spend a third of their average monthly wage of $150 just buying clean water, the report said. Healthcare in Iraq was "now in worse shape than ever" .Iraq-USA, Politics, 3/18/2008
2.7 million Iraqis displaced living difficult conditions
More than 75 percent had no access to government food rations and nearly 20 percent lacked supplies of clean water, she said adding that some 33 percent could not get the medicine they needed while only 20 percent had had any help from humanitarian agencies .Iraq-USA, Politics, 3/18/2008
Iraqi crisis fuels rise in asylum-seekers in industrialized world – UN report
"For the second year running, Iraqis topped the list of asylum-seekers in the world's industrialized countries," according to the UN High Commissioner for Refugees Iraq-UN, Politics, 3/18/2008
US on Iraqi political groups walk out
US Department Of State Deputy Spokesman Tom Casey was asked today about the number of Iraqi political groups pulled out of the talks that were being held today, more than a year after President George W. Bush announced the surge as a way to try to provide breathing space for the Iraqi political system to achieve reconciliation. Iraq-USA, Politics, 3/18/2008
Five journalists given three-month prison sentences over critical articles
the two newspapers carried a news item about this citizen's filing of a motion with the Higher Judicial Council against the judges of the Higher Court of Justice, who had upheld a decision by the Civil Status and Passport Department depriving the plaintiff of his citizenship. The two newspapers were sued, as were their chief editors, as the newspapers' representatives: Usama Sharif of "Ad-Dustour" and Taher Al Udwan of "Al Arab Al Yawm."Jordan, Politics, 3/18/2008
Journalist Hasan Abdel Jawad arrested; intimidation of press in West Bank
The International Federation of Journalists is calling for the release of journalists being held in Israeli prisons for their critical reporting. The arrest last week in Bethlehem of journalist Hasan Abdel Jawad, who is also a Palestinian Journalists' Syndicate (PJS) board member, brings to 8 the number of journalists detained by Israeli authorities. Palestine-Israel, Politics, 3/18/2008
Democrats Focus on How to End Iraq War
No Regrets on Iraq War: says Unconflicted Psychopathic War criminal and Moron bush
Top U.S. Officer in Mideast Resigns - WashingtonPost.com
Iraq-USA, Politics, 3/18/2008
Petraeus: Iraqi Leaders Not Making 'Sufficient Progress' - WashingtonPost.com
Iraq-USA, Politics, 3/18/2008
Iraq Attacks Lower, but Steady, New Figures Show - NY Times
Iraq-USA, Politics, 3/18/2008
Iraqi feel-good stories prove elusive - LA Times
Iraq, Politics, 3/18/2008
Olmert vows to continue east Jerusalem settlements - Yahoo! News
Palestine-Israel, Politics, 3/18/2008
Poll shows Palestinians now favor Hamas over Fatah - LA Times
Palestine-Israel, Politics, 3/18/2008
Palestinians Unite in Anger Against Israeli Attack - NY Times
Palestine-Israel, Politics, 3/18/2008
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Comment on: On War's Anniversary, Bush Cites Progress at 3/20/2008 7:09 AM EDT

McCain (who admits he doesn’t understand economics) evinces further but very significant lack of understanding (bomb everyone) as he modifies his (suuni) al Qaeda in (shiia) Iran claim
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Comment on: Five Years In Iraq at 3/20/2008 6:42 AM EDT

WHAT’S GOING ON IN WASHINGTON AND THE MEDIA REGARDING THIS SELF-DESTRUCTIVE AND NATION DESTROYING CONFLAGRATION IN IRAQ?
WHO’S BUYING THIS CRAP? WHY AREN’T BUSH/CHENEY AND CO. IMPEACHED AND ON TRIAL FOR WAR CRIMES IN THE HAGUE?
How to Destroy a Country and Get Off Scot-Free Linda Heard, sierra12th@yahoo.co.uk
Someone once told me if you're going to tell a lie make it a whopper based on the premise the more outrageous the lie the more likely it is to be believed. At the time, I wrote off his advice as hogwash but as we see from the Iraq debacle, he was right. Five years later, the deceit continues undiminished and nobody has been held to account. Britain's Gordon Brown yesterday promised to hold an enquiry into the "mistakes" made in Iraq. Sounds good, but don't hold your breath. All previous inquiries have been labeled "whitewashes". They can't afford the truth to come out else they might get a one-way ticket to The Hague.Ambassador David Satterfield, and adviser to Secretary of State Condoleezza Rice, is doing the rounds of talk shows lauding America's victories over Al-Qaeda in Iraq. On one occasion the host interjected to mention the unpalatable fact that Al-Qaeda members only flocked to Iraq once the Americans were in place leaving Satterfield momentarily nonplussed.It's obvious that Satterfield is so saturated in the party line he forgot the Pentagon's recently published study that found with certainty that Saddam Hussein had absolutely no links to Al-Qaeda. And lest we forget Saddam didn't have WMD either, which means not only was the war immoral the prewar sanctions on that country that contributed to the deaths of over half-a-million Iraqi children were too. Think about it for a moment. The warmongers invaded, crushed and occupied a country that was no threat to anyone. They stood by as it was looted, exacerbated sectarianism, flattened entire towns, tortured untold numbers of innocents, brought in gum-chewing, tattooed foreign mercenaries and paid crony companies billions of dollars for mythical reconstruction projects.They then pretended to hand over sovereignty to that country while at the same time constructing permanent bases and the biggest US Embassy in history resembling a small town. They said they had no interest in Iraq's oil, yet they are putting immense pressure on the Iraqi government (sic) to sign into law a bill that permits foreign (read American) oil companies to lock up decades-long deals. Let's be frank. Iraq wasn't a blunder, it was a crime. So how did they manage to get away with implanting their long-conceived plot to do away with Israel's No. 1 foe, ensure their competitors couldn't get their hands on Iraq's resources and entrench their military might in the region? Future historians will no doubt be scratching their heads over this one. You had to live through it to believe it.
First, they cleverly used the politics of fear to sway public opinion. As noted in the Project for the New American Century's document "Rebuilding America's Defenses", the warmonger signatories - who later became senior members of the Bush administration - needed "a new Pearl Harbor". On Sept. 1l 2001 they got it. Americans and their allies were in shock. Almost every country in the world was sympathetic and willing to do anything to help. And, boy, did they capitalize on that empathy even managing to persuade Russia to stay silent as they made deals with Caspian states to allow US bases.
Step one was a country where a giant bogeyman was supposed to be hiding out in a cave presumably equipped with a dialysis machine and a production studio and whose black-turbaned government forced women to wear a burqa and disallowed nail polish. But then Defense Minister Donald Rumsfeld was disappointed because there weren't enough targets for his bombs. It was no fun bombing a country into the Stone Age when it was already there.
Step two was the insidious demonizing of Muslims, thousands of whom were arrested and held for months without charge or access to lawyers. In that climate of fear, it was relatively simple to persuade the American people that Saddam Hussein was conniving with the people who brought down the World Trade Center. US officials warned of mushroom clouds; Prime Minister Tony Blair said British interests could be attacked within 45 minutes of Saddam giving the order. Then Secretary of State Colin Powell allowed himself to be used as their fall guy. He spouted the most unbelievable scripted codswallop the UN had ever heard...yet, bullied and bribed nation after nation pretended to believe him as IAEA chief Mohammed El-Baradei and UN weapons inspector Hans Blix did little to discredit the hoax.
Step three entailed replacing Osama in people's minds with Saddam, who overnight morphed into a hydra-headed monster whose idea of a pleasant weekend was gassing and torturing his own people.
Step four was 'Shock and Awe' which illuminated the Baghdad skyline on March 19, 2003. As their bombs and missiles rained down on crowded market places scattering limbs, they told us those bombs and missiles were Saddam's even though the Independent's Middle East correspondent inconveniently dug up their Made in the USA shards.
As the months went on, we began to wonder what happened to the WMD. They told us it was only a matter of time before it would be unearthed from under the sands or discovered in a tunnel under one of Saddam's palaces. They even suggested it may have been shipped off to a neighboring country for safekeeping!!
Step five was an orchestrated administration campaign to inject us with mass amnesia. Never mind about the weapons, they said. We are here to liberate the poor Iraqi people from their evil dictator and deliver freedom and democracy. Look, look, they said. The Iraqis have purple fingers! With up to one million dead, Iraqis are lucky they have any fingers at all.
To be fair, they couldn't have done it without the aid of a compliant, supine media, which embedded its reporters with US battalions and agreed not to show captured US soldiers, flag-draped coffins, military funerals or scenes of blood-soaked Iraqi civilians. Independent reporters who neglected to abide by the script were discredited, refused access to information and even shelled.
I still recall a live report from David Chater of Sky News, who saw the barrel of a US tank slowly turn toward the Palestine hotel - known to be a journalist's hang-out - before firing its shell killing three reporters. The Baghdad offices of Al-Jazeera and Al-Arabiya were also hit.
With so much information on tap I'm flabbergasted that so many people still believe the Iraq fairytale. I wish they'd get in touch with me. I've got a few pyramids and a sphinx going cheap. Sad, isn't it!
http://www.albertpeia.com
http://www.albertpeia.com/currentopics10108.htm
http://www.albertpeia.com/wallstreetlunacy10108.htm

Comment on: On War's Anniversary, Bush Cites Progress at 3/20/2008 6:36 AM EDT

WHO’S BUYING THIS CRAP? WHY AREN’T BUSH/CHENEY AND CO. IMPEACHED AND ON TRIAL FOR WAR CRIMES IN THE HAGUE?
How to Destroy a Country and Get Off Scot-Free Linda Heard, sierra12th@yahoo.co.uk
Someone once told me if you're going to tell a lie make it a whopper based on the premise the more outrageous the lie the more likely it is to be believed. At the time, I wrote off his advice as hogwash but as we see from the Iraq debacle, he was right. Five years later, the deceit continues undiminished and nobody has been held to account. Britain's Gordon Brown yesterday promised to hold an enquiry into the "mistakes" made in Iraq. Sounds good, but don't hold your breath. All previous inquiries have been labeled "whitewashes". They can't afford the truth to come out else they might get a one-way ticket to The Hague.Ambassador David Satterfield, and adviser to Secretary of State Condoleezza Rice, is doing the rounds of talk shows lauding America's victories over Al-Qaeda in Iraq. On one occasion the host interjected to mention the unpalatable fact that Al-Qaeda members only flocked to Iraq once the Americans were in place leaving Satterfield momentarily nonplussed.It's obvious that Satterfield is so saturated in the party line he forgot the Pentagon's recently published study that found with certainty that Saddam Hussein had absolutely no links to Al-Qaeda. And lest we forget Saddam didn't have WMD either, which means not only was the war immoral the prewar sanctions on that country that contributed to the deaths of over half-a-million Iraqi children were too. Think about it for a moment. The warmongers invaded, crushed and occupied a country that was no threat to anyone. They stood by as it was looted, exacerbated sectarianism, flattened entire towns, tortured untold numbers of innocents, brought in gum-chewing, tattooed foreign mercenaries and paid crony companies billions of dollars for mythical reconstruction projects.They then pretended to hand over sovereignty to that country while at the same time constructing permanent bases and the biggest US Embassy in history resembling a small town. They said they had no interest in Iraq's oil, yet they are putting immense pressure on the Iraqi government (sic) to sign into law a bill that permits foreign (read American) oil companies to lock up decades-long deals. Let's be frank. Iraq wasn't a blunder, it was a crime. So how did they manage to get away with implanting their long-conceived plot to do away with Israel's No. 1 foe, ensure their competitors couldn't get their hands on Iraq's resources and entrench their military might in the region? Future historians will no doubt be scratching their heads over this one. You had to live through it to believe it.
First, they cleverly used the politics of fear to sway public opinion. As noted in the Project for the New American Century's document "Rebuilding America's Defenses", the warmonger signatories - who later became senior members of the Bush administration - needed "a new Pearl Harbor". On Sept. 1l 2001 they got it. Americans and their allies were in shock. Almost every country in the world was sympathetic and willing to do anything to help. And, boy, did they capitalize on that empathy even managing to persuade Russia to stay silent as they made deals with Caspian states to allow US bases.
Step one was a country where a giant bogeyman was supposed to be hiding out in a cave presumably equipped with a dialysis machine and a production studio and whose black-turbaned government forced women to wear a burqa and disallowed nail polish. But then Defense Minister Donald Rumsfeld was disappointed because there weren't enough targets for his bombs. It was no fun bombing a country into the Stone Age when it was already there.
Step two was the insidious demonizing of Muslims, thousands of whom were arrested and held for months without charge or access to lawyers. In that climate of fear, it was relatively simple to persuade the American people that Saddam Hussein was conniving with the people who brought down the World Trade Center. US officials warned of mushroom clouds; Prime Minister Tony Blair said British interests could be attacked within 45 minutes of Saddam giving the order. Then Secretary of State Colin Powell allowed himself to be used as their fall guy. He spouted the most unbelievable scripted codswallop the UN had ever heard...yet, bullied and bribed nation after nation pretended to believe him as IAEA chief Mohammed El-Baradei and UN weapons inspector Hans Blix did little to discredit the hoax.
Step three entailed replacing Osama in people's minds with Saddam, who overnight morphed into a hydra-headed monster whose idea of a pleasant weekend was gassing and torturing his own people.
Step four was 'Shock and Awe' which illuminated the Baghdad skyline on March 19, 2003. As their bombs and missiles rained down on crowded market places scattering limbs, they told us those bombs and missiles were Saddam's even though the Independent's Middle East correspondent inconveniently dug up their Made in the USA shards.
As the months went on, we began to wonder what happened to the WMD. They told us it was only a matter of time before it would be unearthed from under the sands or discovered in a tunnel under one of Saddam's palaces. They eve