Free Republic 3rd Quarter Fundraising Target: $85,000 Receipts & Pledges to-date: $13,600
16%  
Woo hoo!! And the first 16% is in!! Thank you all very much!!

Keyword: markets

Brevity: Headers | « Text »
  • Dow, Nasdaq: Worst month in two years

    05/31/2012 2:10:55 PM PDT · by Signalman · 7 replies
    CNNMoney ^ | 5/31/2012 | Hibah Yousuf
    NEW YORK (CNNMoney) -- U.S. stocks finished in the red Thursday, ending a wretched month on a weak note. "May is always a difficult month for the market, and this month has lived up to that reputation," said Fred Dickson, chief market strategist at D.A. Davidson, noting that the market has suffered declines in May for three out of the last four years. This month's weakness was by sparked escalating concerns about the eurozone debt crisis, with Spain and Greece keeping contagion worries front and center, as well as fears about a slowing U.S. economy. CNNMoney's Fear & Greed Index,...
  • The Bulls Aren't Laughing Anymore, The Stock Market Will Collapse And All Hope Will Be Lost

    05/31/2012 5:27:46 AM PDT · by blam · 14 replies
    TBI ^ | 5-31-2012 | Joe Weisenthal
    The Bulls Aren't Laughing Anymore, The Stock Market Will Collapse And All Hope Will Be Lost Joe Weisenthal May 31, 2012, 5:54 AM In his latest note, SocGen's famously bearish Albert Edwards looks around at interest rates falling all over the place and Europe in chaos, and gives himself a good chest-beating, while mocking the equity bulls for yapping about how cheap stocks are. He's clearly feeling pretty good about the way things are turning out, writing: "For 15 years we were told the West is nothing like Japan. We agree. It is worse! " The whole thing is really...
  • Dead Presidents Stay Dead (Recession)

    05/30/2012 2:19:13 PM PDT · by blam · 6 replies
    The Daily Reckoning ^ | 5-30-2011 | Bill Bonner
    Dead Presidents Stay DeadMay 30, 2012 By Bill Bonner Baltimore, Maryland – Yesterday, we promised to tell you more about our L-shaped non-recovery. It’s already lasted 5 years since subprime cracked up… It could last another 5…10…20…or even 100 years. Okay, 100 is probably an exaggeration, but who knows? “An About-Face for Investors,” says The Wall Street Journal. As predicted in this space, the “Facebook debacle turns high hopes into potentially mood-souring skepticism.” “Retreat from the stock market continues,” reports The New York Times: “I’m just extremely skeptical about the ability of a retail purchaser to be able to play...
  • Richard Russell: Stay In Cash, Something, Something 'BIG' Is Heading Our Way

    05/24/2012 6:20:58 AM PDT · by blam · 34 replies
    TBI ^ | 5-24-2012 | Joe Weisenthal
    Richard Russell: Stay In Cash, Something, Something 'BIG' Is Heading Our Way Joe Weisenthal May 24, 2012, 6:34 AM Bearish newsletter guy Richard Russell finds the market action to be very strange and ominous. As of today's closing, Dow down 14 out of 16 sessions! This is one you can tell your kids about. And still no collapse in breadth, and still no crash. The only thing I can make out of it is that a lot of people are "standing their ground". Maybe it's just the Dow that is dying, and the rest of the market is OK. But...
  • World markets tumble on Greece, China anxiety (DJIA down 168)

    05/23/2012 9:03:18 AM PDT · by Signalman · 4 replies
    CNNMoney ^ | 5/23/2012 | Aaron Smith
    NEW YORK (CNNMoney) -- World markets plunged Wednesday on renewed anxiety over Greece and signs that the Chinese economy is losing steam. European leaders are gathering in Brussels for an informal dinner Wednesday amid new threats to the troubled euro currency union. The leaders are expected to discuss ways to boost economic growth and create jobs. This is the first summit for newly elected French President Francois Hollande, who campaigned on a shift away from austerity cuts in favor of more growth-orientated policies. BNP Paribas analyst Luigi Speranza said the so-called "growth pact" will focus on infrastructure projects and improved...
  • Facebook Is Tanking Again

    05/22/2012 5:48:59 AM PDT · by blam · 55 replies
    TBI ^ | 5-22-2012 | Joe Weisenthal
    Facebook Is Tanking Again Joe Weisenthal May 22, 2012 Down over 3% pre-market! Yahoo Finance
  • The Hang Seng index is cratering

    05/17/2012 9:10:38 PM PDT · by mylife · 46 replies
    the markets ^ | 5/17/12 | Yahoo finance
    The Nikkei too http://finance.yahoo.com/q?s=^hsi http://finance.yahoo.com/echarts?s=^HSI+Interactive#symbol=^hsi;range=3m;compare=;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;
  • FLECKENSTEIN: Nothing Will Change Until Change Is Forced Upon Us By A Crisis

    05/14/2012 3:09:18 PM PDT · by blam · 3 replies
    TBI ^ | 5-14-2012 | Ben Duronio
    FLECKENSTEIN: Nothing Will Change Until Change Is Forced Upon Us By A Crisis Ben Duronio May 14, 2012, 4:54 PM In an article for MSNBC, Bill Fleckenstein says it is time for investors to face the truth. Where our current path is taking us has been predictable for quite some time, and I think that continues to be the case. Unfortunately, we have elected officials who are completely incompetent, if not criminal, and the Fed is even worse. None of that is going to change until change is forced upon us (i.e., them) by a crisis. So while events seem...
  • Things In The Market Are Getting Worse

    05/14/2012 6:54:01 AM PDT · by blam · 40 replies
    TBI ^ | 5-14-2012 | Joe Weisenthal
    Things In The Market Are Getting Worse Joe Weisenthal May 14, 2012 Things are still getting worse. The Dow is off 137. Greece is off 5%. Spain is down 2.9%. Italy (shown here) is off 3.4%.
  • Why You Can't Ignore The Fiscal Cliff (The Hit Is Coming)

    05/11/2012 12:51:34 PM PDT · by blam · 12 replies
    TBI ^ | 5-11-2012 | Comstock Partners
    Why You Can't Ignore The Fiscal Cliff Comstock Partners May 11, 2012, 2:11 PM In addition to the economic slowdown, the continued housing crisis, the endless turmoil in Europe and the deceleration in China and India, we are moving closer to the period where the so-called 'fiscal cliff' will become more of a threat to the market. The fiscal cliff refers to the near-simultaneous January 2013 expiration of the Bush tax cuts, the payroll tax cuts, emergency unemployment benefits and the sequester established in last summer's debt limit agreement. Various estimates have indicated that the hit to GDP could be...
  • Three Cheers for Oil Speculators! (These folks are really the benefactors of humanity)

    05/02/2012 6:57:42 AM PDT · by SeekAndFind · 27 replies
    American Thinker ^ | 05/02/2012 | Howard Becker
    Oil speculators are benefactors of humanity. We should be very grateful to all of them. Next time you see an oil speculator, thank him for what he is doing. Most Americans would strongly disagree with me. But they are wrong -- not morally wrong, but factually wrong. One of the consequences of the recent increase in the price of gasoline has been the demonization of oil speculators. Politicians, journalists, talking heads, bloggers, and agitators have been denouncing speculators and proclaiming that the general public has been harmed by their speculating. Most of the anti-speculator rhetoric has been civil. But some...
  • 22 Red Flags That Indicate That Very Serious Doom Is Coming For Global Financial Markets

    04/29/2012 7:42:56 AM PDT · by SeekAndFind · 16 replies
    The Economic Collapse ^ | 04/27/2012 | Michael Snyder
    If you enjoy watching financial doom, then you are quite likely to really enjoy the rest of 2012. Right now, red flags are popping up all over the place. Corporate insiders are selling off stock like there is no tomorrow, major economies all over Europe continue to implode, the IMF is warning that the eurozone could actually break up and there are signs of trouble at major banks all over the planet. Unfortunately, it looks like the period of relative stability that global financial markets have been enjoying is about to come to an end. A whole host of...
  • The Market Is In For A Rude Awakening

    04/27/2012 3:56:59 AM PDT · by blam · 17 replies
    Comstock Partners ^ | 4-27-2012 | Comstock Partners
    The Market Is In For A Rude Awakening Comstock Partners April 27, 2012, 4:12 AM The overwhelming weight of the evidence over the past four to six weeks is that economic growth has peaked and is now slowing down. In that period we have seen either disappointing results or actual declines in the following important economic indicators: core durable goods orders, the Chicago Fed National Activities Index, initial weekly unemployment claims, new home sales, existing home sales, payroll employment, the NFIB Small Business Index, construction spending, the ISM Non-Manufacturing Index, personal income, the Kansas City Fed Index, the Philadelphia Fed...
  • The Pain In Spain

    04/15/2012 6:31:24 PM PDT · by blam · 3 replies
    Advisor Perspectives ^ | 4-15-2012 | Doug Short
    The Pain In Spain By Doug Short April 15, 2012 Since posting my routine weekend update on world market indexes, I've received a couple of requests to include Spain's benchmark index, the IBEX 35, in the series. The eight indexes I include in that update make my illustrations about as cluttered as I can deal with. But the requests triggered my own curiosity about the Spanish index. My solution was to create an overlay of the S&P 500 and the IBEX since 2007. Both indexes peaked in late 2007, about a month apart. So I've charted the percent off their...
  • The Market's Best Indicator Continues To Work Perfectly

    04/14/2012 7:35:03 AM PDT · by blam · 6 replies
    TBI ^ | 4-14-2012 | Joe Weisenthal
    The Market's Best Indicator Continues To Work Perfectly Joe Weisenthal April 14, 2012, 7:24 AM This is a chart we've written a ton about over the years. The blue line is the S&P 500. The red line is the inverse of initial jobless claims. For over 5 years, they've moved in virtual lockstep, and they're doing it again. Lately the improvement on initial jobless claims has stalled out, and the rally in the S&P 500 has stalled out. It alone is a good reason to think that fundamentals, not central banks, are what's driving this market.
  • GARY SHILLING: PROFITS WILL PLUMMET AND STOCKS WILL PLUNGE 43%

    04/11/2012 2:24:10 PM PDT · by blam · 7 replies
    TBI ^ | 4-11-2012 | Mamta Badkar
    GARY SHILLING: PROFITS WILL PLUMMET AND STOCKS WILL PLUNGE 43% Mamta Badkar April 11, 2012The S&P 500 just broke a five-day losing streak today, but the index is still down from its highs. Market bear Gary Shilling was on Bloomberg TV today saying that with a hard landing in China and a strong dollar, he expects the operating earnings of S&P 500 companies to drop to $80 this year.He said this would almost guarantee a major bear market with a PE ratio low of about 10, which this implies that the S&P 500 index should be around 800 - a...
  • The fear trade: Dow sinks 200 points

    04/10/2012 12:43:59 PM PDT · by Signalman · 5 replies
    CNNMoney ^ | 4/10/2012 | Maureen Farrell
    NEW YORK (CNNMoney) -- The fear trade picked up steam Tuesday, as investors grew increasingly worried about Europe's fiscal health, as borrowing costs in Spain and Italy spiked. All three major indexes were down more that 1.5% by mid-afternoon, as rattled investors bailed out. "People are starting to get very concerned about the macro picture of both sovereign debt and China's slowing growth," said Sam Ginzburg, head of trading at First NY. "We're starting to get very worried about going back to a recession." The Dow Jones Industrial Average (INDU) tumbled nearly 210 points, or 1.6%. The S&P 500 (SPX)...
  • JPMorgan's Tom Lee: One Thing Puzzles Me About This Stock Market Rally

    04/01/2012 10:49:30 PM PDT · by blam · 12 replies
    TBI ^ | 4-2-2012 | Sam Ro
    JPMorgan's Tom Lee: One Thing Puzzles Me About This Stock Market Rally Sam Ro April 1, 2012, 9:44 PM No one has made any money on it! JP Morgan's Tom Lee spoke with Bloomberg's Carol Massar on Friday after the S&P 500 booked its best quarter in 14 years. "Something that's been puzzling about this rally that started in March '09 is that the public hasn't really participated," said Lee. "They pulled $300 billion out of the equity markets over the last three years. And trading volumes have been low, which means the institutions haven't really been participating in this...
  • RUSSELL: A Massive Stock Market Collapse Will Wipe Out 60 Years Of Inflation And Leveraging

    03/30/2012 10:10:51 PM PDT · by blam · 25 replies
    TBI ^ | 3-30-2012 | Sam Ro
    RICHARD RUSSELL: A Massive Stock Market Collapse Will Wipe Out 60 Years Of Inflation And Leveraging Sam Ro Mar. 30, 2012, 8:23 PM Richard Russell, writer of the Dow Theory Letters, is just looking for the right time to buy stocks. But that time isn't now. And until that time comes, Russell will be keeping his wealth in gold. He writes in King World News: What I want to illustrate is that great fortunes are made at super-bear market lows. But you must have the money at the lows. Which is why gold is so singular and valuable. If you...
  • Amputate or Die

    03/18/2012 9:31:15 AM PDT · by Albion Wilde · 134 replies
    Examiner.com ^ | 17 June 2010 | Dr. Jack Wheeler
    It was a sobering dinner party last night... Hosted by a London billionaire in his exquisite home...but the conversation between the ten of us was stone-cold serious... "You know what my biggest fear is?" our host asked. "It's not really Obama, for what he's done is to accelerate what the liberals have been slowly doing for decades -- so quickly that their socialism is obvious to everyone. Which means the solution is obvious to everyone. My biggest fear is that voters will give Republicans the power to repair America on November 2nd -- and the Republicans won't have the courage...
  • Bond Collapse Continues

    03/14/2012 9:18:13 PM PDT · by Razzz42 · 8 replies
    Trader Dan's Market Views ^ | Wednesday, March 14, 2012 | Dan Norcini
    Much to the chagrin of the Federal Reserve, bond traders are taking that FOMC statement from yesterday and taking no prisoners as they literally hammer the long bond into submission. I find it a bit ironic (to be honest I am gleeful about it) that the Fed, which continues its attempts to manipulate hedge fund behavior by herding them into the equity markets, has opened an enormous can of worms and awakened the heretofore comatose bond vigilantes as an undesirable chain reaction to their "peachy" statement about the state of the US economy. Bond traders are already moving the Fed...
  • HUSSMAN: These 5 Conditions Mean The Market Is Going To Plunge ("Within Days")

    03/11/2012 1:32:04 PM PDT · by blam · 32 replies
    TBI ^ | 3-11-2012 | Joe Weisenthal
    HUSSMAN: These 5 Conditions Mean The Market Is Going To Plunge Joe WeisenthalMarch 11, 2013 There's a big story in Barron's this weekend titled The Worst of Times to Buy Stocks?, which highlights the gloomy warnings of well-known investor John Hussman and technical guy Walter J. Zimmermann Jr. Hussman's bearishness is well known, but the article by Randall W. Forsyth boils down Hussman's bearishness to four criteria: • the Standard & Poor's 500 trading at more than 8% above its 52-week exponential moving average • the S&P 500 up more than 50% from its four-year low • the "Shiller P/E,"...
  • DAVID STOCKMAN: You'd Be A Fool To Hold Anything But Cash Now

    03/03/2012 7:44:51 PM PST · by blam · 17 replies
    TBI ^ | 3-3-2012
    DAVID STOCKMAN: You'd Be A Fool To Hold Anything But Cash NowMarsh 3, 2012 NEW YORK (AP) — He was an architect of one of the biggest tax cuts in U.S. history. He spent much of his career after politics using borrowed money to take over companies. He targeted the riskiest ones that most investors shunned — car-parts makers, textile mills. That is one image of David Stockman, the former White House budget director who, after resigning in protest over deficit spending, made a fortune in corporate buyouts. But spend time with him and you discover this former wunderkind of...
  • Even Super-Bull Jeff Saut Thinks This Rally Is Getting 'Unnatural'

    02/27/2012 7:08:48 AM PST · by blam · 15 replies · 1+ views
    TBI ^ | 2-27-2012 | Joe Weisenthal
    Even Super-Bull Jeff Saut Thinks This Rally Is Getting 'Unnatural' Joe Weisenthal Febuary 27, 2012Raymond James' Jeff Saut has been pretty constantly bullish since mid-2009, and he's still pretty optimistic. But even he's having trouble fathoming the strength of this market. In his weekly note, he writes: The call for this week: There have now been 37 trading sessions in 2012 and so far the S&P 500 has yet to experience a 1% Downside Day. This 37-session, or more, skein has occurred 11 other times in the past 84 years and has on every occasion except one seen the equity...
  • Is Crude Oil About To Crash The Markets?

    02/26/2012 4:42:54 PM PST · by blam · 18 replies
    TMO ^ | 2-26-2011 | WavePatternTraders
    Is Crude Oil About To Crash The Markets? Commodities / Crude Oil Feb 26, 2012 - 02:08 PM By: WavePatternTraders Do I or Don't I? I decided not to bother, what you ask? writing more of the same about the US stock markets, It don't need a genius to write that the US stock markets are in a coma and stuck in the ICU room waiting to come back into the real world. Although nothing has really changed from the current ideas I am reluctant to post more of the same stuff when nothing really has happened. I can write...
  • Prepare For The Market To Rip Out Your Hope, And Consume It In Front Of Your Eyes

    02/23/2012 5:07:12 AM PST · by blam · 22 replies
    TBI ^ | 2-23-2012 | Joe Weisenthal
    ALBERT EDWARDS: Dear Investors: Prepare For The Market To Rip Out Your Hope, And Consume It In Front Of Your Eyes Joe Weisenthal Febuary 23, 2012Well this is going to be the hot read of the day. Albert Edwards blasts the rally, and says there's still way to much "hope" and that only when the hope is totally gone will we know the great ice age is over. One key lesson from Japan is that an essential ingredient to the end of a long valuation bear market is revulsion. It is when buyers-on-dips become sellers-on-rallies. It is when volume dries...
  • Bob Janjuah: "Markets Are So Rigged By Policy Makers That I Have No Meaningful Insights To Offer"

    02/20/2012 10:54:58 AM PST · by tcrlaf · 17 replies · 1+ views
    ZEROHEDGE ^ | 2-20-12 | Tyler Durden
    "I am staggered at how easily the concepts of Democracy and the Rule of Law – two of the pillars of the modern world – have been brushed aside in the interests of political expediency." SNIP---- I am not well equipped to navigate bubbles where tactical views and secular views are all thrown into the melting pot together, where there is no visibility, where – as one client put it to me recently – we have Monetary Anarchy running riot, where the elastic band between the ‘real’ economy and the current liquidity-fuelled markets is stretched further and further beyond credulity,...
  • BOB JANJUAH: 'Markets Are So Rigged By Policymakers That I Have No Meaningful Insights To Offer'

    02/20/2012 7:42:28 AM PST · by blam · 9 replies
    TBI ^ | 2-20-2012 | Gus Lubin
    BOB JANJUAH: 'Markets Are So Rigged By Policymakers That I Have No Meaningful Insights To Offer' Gus LubinFebuary 20, 2012 Nomura's Bob Janjuah describes his frustration with today's market in a note, posted at Zerohedge. The notorious bear says we're in a bubble, but the markets are too manipulated to make sense. His only recommendations are gold, non-financial high quality corporate credit and blue-chip big cap non-financial global equities. Bob's World: Monetary Anarchy Since my last note from early January I have spent the last few weeks assessing data and price action, as well as spending a lot of time...
  • SocGen: QE3 Is Coming Soon, But First The S&P Is Going To Tank

    02/13/2012 5:11:30 AM PST · by blam · 7 replies
    TBI ^ | 2-13-2012 | Joe Weisnethal
    SocGen: QE3 Is Coming Soon, But First The S&P Is Going To Tank Joe WeisenthalFebuary 13, 2013 SocGen has put out a big special report titled: QE3 delayed, but still likely. Their high level overview of where things stand right now looks like this: * QE3 has been delayed by the recent bout of good news from the US economy: SG is now in line with the consensus, expecting the launch in Q2 (24-25 April FOMC meeting). * As the $400bn Operation Twist program is still boosting demand for long-dated US Treasuries, we believe the Fed will be concentrating its...
  • Here's The Chart That Has Stock Market Bears Ripping Their Hair Out

    02/12/2012 7:19:45 AM PST · by blam · 31 replies
    TBI ^ | 2-12-2012 | Sam Ro
    Here's The Chart That Has Stock Market Bears Ripping Their Hair Out Sam Ro Febuary 12, 2012Stocks have had an incredible run so far since the beginning of the year. The S&P 500 is up a whopping 6.7% during the period, closing at 1342 on Friday. In December, we surveyed 16 of Wall street's top strategists who told us that the S&P 500 would close at just 1363 by the end of 2012. At the time, five of those strategists had targets below 1342. Why were they so conservative? Well, some of the key risks cited included deterioration in the...
  • A Quick Look At How Much The Stock Market Has Died

    02/09/2012 11:34:35 AM PST · by blam · 16 replies
    TBI ^ | 2-9-2012 | Simone Fox
    A Quick Look At How Much The Stock Market Has Died Simone Foxman Febuarary 9, 2012Despite a spectacular rally year to date, it's been observed that there's basically no market volume. So we took a look at historical volumes, as well as trends that have been going on in the last few years. Turns out volume of trade hasn't been this light on average in over 10 years, and that—in general—it has been trending down pretty clearly since the onset fo the financial crisis. Another thing that's interesting is the daily trading range. The difference between daily market highs and...
  • Officials Return From Western Gas Fields ‘Invigorated’

    02/04/2012 8:58:39 PM PST · by greenwill · 18 replies · 1+ views
    Rocket-Courier ^ | 01/19/2012 | RICK HIDUK
    Participants in a recent shale gas energy conference held in Hobbs, New Mexico, referred to a whirlwind trip to Lea County, NM, as “exhausting” but “enlightening.” Bradford County Commissioners Doug McLinko, Mark Smith, and Daryl Miller, Susquehanna County Commissioner Mary Ann Warren and Pennsylvania state Rep. Tina Pickett were among local elected officials to partake in discussions and serve as guests on informative panels.
  • Art Cashin On A Scary Parallel Between Now And Last Summer (Insider Selling)

    02/09/2012 7:29:11 AM PST · by blam · 5 replies
    TBI ^ | 2-9-2011 | Joe Weisenthal
    Art Cashin On A Scary Parallel Between Now And Last Summer Joe Weisenthal Febuary 9,2011 In his morning note, UBS floor guy draws a scary parallel between the market today and last summer. ------------- Let’s Hope It’s Not An Omen - In his column this morning, Mark Hulbert notes that corporate insiders are “now selling their companies’ stock at a rate not seen since late last July. That’s a scary parallel indeed, since that late-July spike in selling came just days before one of the more painful two-week periods in the stock market in years.” Hulbert then examines how aggressive...
  • Godzilla Will Come Out Of Tokyo Bay Before Japan Economy And Stock Market Rebounds

    02/02/2012 6:10:38 PM PST · by blam · 12 replies
    TMO ^ | 2-2-2012 | Money Morning - Keith Fitz-Gerald
    Godzilla Will Come Out Of Tokyo Bay Before Japan Economy And Stock Market Rebounds Economics / Japan Economy Feb 02, 2012 - 10:55 AM By: Money Morning Keith Fitz-Gerald writes: Let's talk Japan. Every year some analyst comes out with a variation of the story that Japan is about to rebound. Usually the argument goes something like this: Japanese markets are impossibly cheap and the central bank will be there to prevent a catastrophe. Or sometimes there is another variation of the Cinderella story. Either way, don't hold your breath. Japan posted its first trade deficit since 1980 last year...
  • An Extremely Bullish Sign Courtesy Of Wall Street Analysts

    02/02/2012 6:14:52 AM PST · by blam · 8 replies · 1+ views
    TBI ^ | 2-2-2012 | Joe Weisenthal
    An Extremely Bullish Sign Courtesy Of Wall Street Analysts Joe WeisenthalFeburary 2, 2012 If you're looking for a nice, fresh batch of charts, head on over to Stone Street Advisors, where @dutch_book has posted a whole bunch of good ones on the economy, markets, and so on. This one is pretty great. It's from BofA, and it's an index showing levels of bearishness and bullishness among sell side analysts. Not surprisingly, periods of extreme sell-side bullishness are near market tops, and the opposite is true as well. At the moment, sellsides are as bearish as all get out, and so......
  • US new-home sales fell in Dec., finish dismal 2011 (Worst In HISTORY!)

    01/26/2012 11:12:51 AM PST · by tcrlaf · 5 replies
    Yahoo News ^ | 1-26-12 | DEREK KRAVITZ
  • India to pay gold [instead of dollars] for Iranian oil. Oil and gold markets stunned

    01/24/2012 10:33:24 AM PST · by Lorianne · 26 replies
    DEBKA ^ | 23 January 2012 | no byline
    India is the first buyer of Iranian oil to agree to pay for its purchases in gold instead of the US dollar, debkafile's intelligence and Iranian sources report exclusively. Those sources expect China to follow suit. India and China take about one million barrels per day, or 40 percent of Iran's total exports of 2.5 million bpd. Both are superpowers in terms of gold assets. By trading in gold, New Delhi and Beijing enable Tehran to bypass the upcoming freeze on its central bank's assets and the oil embargo which the European Union's foreign ministers agreed to impose Monday, Jan....
  • U.S. unlikely to fully recover, Carney warns

    01/23/2012 3:17:04 PM PST · by Dallas59 · 26 replies
    Vancouver Sun ^ | 1/23/2012 | Robert Hiltz
    Canada needs to look beyond its southern neighbour for markets because the United States economy is unlikely to ever fully recover, Bank of Canada governor Mark Carney said Sunday. In an interview with CTV's Question Period, Carney said that it is vital for Canada to look for new trading partners in the Asia-Pacific region and elsewhere to prevent the economy from being dragged down by the U.S. "It's going to take a number of years before they get back to the U.S. that we used to know - in fact, they are not, in our opinion, ultimately going to get...
  • Will the Fed Bring Clarity or Confusion?

    01/22/2012 8:36:42 PM PST · by quicksilver123 · 1 replies
    These New Times ^ | 1/22/2012 | Bruce Krasting
    Next Wednesday, between 12:30 and 2PM, we will get a ton of new information to digest and analyze. The Federal Reserve will make a series of statements while unveiling its new communication effort. A portion of the new information will be contained in the revised Summary of Economic Projections (SEP). The Fed has worked long and hard on its new communication policy. The question is, “What will people think and how will the markets react?” I believe that there is a very good possibility that the Fed’s plan will add to uncertainties regarding monetary policy. Contrary to its objectives, the...
  • Israel to Give Obama 12 Hours Notice on Attacking Iran

    01/22/2012 4:43:53 AM PST · by Bobalu · 130 replies · 3+ views
    israelnationalnews ^ | 1/22/2012 | Tzvi Ben Gedalyahu
    Israeli officials told visiting USS Chief Joint of Staffs Martin Dempsey that it would give President Barack Obama no more than 12 hours notice if and when it attacks Iran, The London Times reported Sunday. The Netanyahu government also will not coordinate with the United States an attack on the Islamic Republic, according to the report, the latest in a number of suposed scenarios concerning cooperation or lack of it between Jerusalem and Washington.
  • China's Manufacturing Index Signals Contraction, But Markets Miraculously Maintain Gains

    01/20/2012 3:23:58 AM PST · by blam · 3 replies
    TBI ^ | 1-20-2012 | Sam Ro
    China's Manufacturing Index Signals Contraction, But Markets Miraculously Maintain Gains Sam Ro Jan. 19, 2012, 11:18 PM China's HSBC Flash Purchasing Manager's Index climbed to 48.8 in January, up from 48.7 in December. This is a preliminary reading on Chinese manufacturing activity, ahead of the official PMI number. A reading below 50 signals contraction. Signs that China might be slowing have been met with mixed emotions from traders. On one hand, weak data may encourage easier monetary policy, which in a sense is bullish. Then again, bad data is still bad data. Tonight, markets are showing a mixed response to...
  • Truck full of dogs crammed into tiny cages and bound for Chinese restaurants is ...

    01/18/2012 2:54:53 PM PST · by aldabra · 34 replies
    Daily Mail ^ | January 18, 2012 | David Gerges
    Crammed into tiny cages, unable to stand and deprived of food and water, these dogs endured terrible suffering on a truck bound for a chain of restaurants. The harrowing pictures show the cruel conditions in which 1,500 of the animals were found when the truck was stopped at a toll gate by highway police and animal rescue volunteers in Chongqing, south-west China. ... The animals were moved to a nearby farm by volunteers from the Chongqing Animal Protection Association who gave them food, water and emergency treatment. ...
  • WHITE HOUSE TO POLICE INTERNET: Holder Set to Take Control January 24, 2012

    01/16/2012 12:55:55 PM PST · by geraldmcg · 22 replies
    www.webtoday.tv ^ | 01/16/2012 | WebToday.tv
    It’s like a political blindside to the American voter. Somehow, with virtually no coverage in the press, the White House has managed to close in on the unthinkable… bending online piracy laws to give the Department of Justice abusive power over the Internet. Sound farfetched? Constitutionalist attorney Gary Kreep, President of the United States Justice Foundation (USJF), not only has a firm grasp on the legislation that would grant this authority, but he also has inside sources informing him that the Senate is scheduled to make this potential nightmare a reality when they pass S. 968 into law on January...
  • BREAKING: New Media Alert: RNC passes Resolution Exposing UN Agenda 21

    01/16/2012 10:02:55 AM PST · by Texas Fossil · 43 replies · 1+ views
    We The People USA ^ | January 15, 2012 | Shelly Kennedy
    Great news. Some have seen my FB note about the Indiana committeeman verifying that the RNC passed a resolution exposing UN Agenda 21, unanimously. This is true. (See attached). Now Oklahoma also verifies it. See below correspondence from Robert Semands, Govern Edmond Locally spokeperson, and please repost. Let's hold our GOP elected officials at all levels accountable to adhere to this RNC resolution. Are they Republican or not? Time to hold them accountable. By the way - who is OUR NJ RNC Committee person? Let's thank him/her! In other news, the National Federation of Republican Assemblies adopted the following resolutions...
  • Iran received U.S. letter on Hormuz Strait

    01/15/2012 3:59:27 PM PST · by TWhiteBear · 22 replies · 1+ views
    Reuters ^ | Jan 15 2012' | Reporting by Hossein Jaseb; Writing Robin Pomeroy
    Iran said on Sunday it had received a letter from the U.S. government about the Strait of Hormuz, Foreign Ministry spokesman ...was quoted ... as saying Tehran had not yet decided if it would reply to the letter, the contents of which he did not detail. "America's message over the Strait of Hormuz reached us through three channels. It was given to our U.N. representative, the Swiss ambassador conveyed it to the Foreign Ministry and also Iraqi President Jalal Talabani gave the message to Iran,"
  • Canadian Prime Minister, Frustrated with Obama’s Dithering, Will Travel to China to Seek Asian Mkts

    01/15/2012 4:46:32 PM PST · by ak267 · 87 replies
    The Ledger via Hotair via C4P ^ | 1-15-2012 | Doug Brady
    In a post last month, I noted that Canadian Prime Minister Stephen Harper’s patience with Obama’s dithering over the Keystone Pipeline in order to pander to the rainbow and unicorn crowd that forms his political base wouldn’t last forever. Harper, I wrote, fully understands what motivates Obama, and it’s not sound energy policy:
  • Iran Vows Revenge Against Israel, US and UK

    01/15/2012 12:35:41 PM PST · by Eleutheria5 · 31 replies · 1+ views
    Arutz Sheva ^ | 15/1/12 | Chana Yaar
    Enraged Iranian officials are vowing retaliation against Israel, the US and the UK over the latest assassination of a nuclear scientist, 32-year-old Mustafa Ahmadi Roshan, in Tehran. A former Iranian ambassador who served in Mexico and Italy recommended that an American being held in Tehran be executed in retaliation for the assassination. “The terrorist attack on the scientist must not be left unanswered and therefore it is advisable to immediately execute [the suspected CIA spy [Amir Mirzai Hekmati] at the site of the explosion,” recommended former Ambassador Mohamed Hassan Qadiri in a post on his blog. He added that had...
  • INCONVENIENT TRUTH: Your iPhone Was Built, In Part, By 13 Year-Olds Working 16 Hours/Day

    01/15/2012 11:38:19 AM PST · by SeekAndFind · 53 replies · 1+ views
    Business Insider ^ | 01/15/2012 | Henry Blodget
    We love our iPhones and iPads. We love the prices of our iPhones and iPads. We love the super-high profit margins of Apple, Inc., the maker of our iPhones and iPads. And that's why it's disconcerting to remember that the low prices of our iPhones and iPads--and the super-high profit margins of Apple--are only possible because our iPhones and iPads are made with labor practices that would be illegal in the United States. And it's also disconcerting to realize that the folks who make our iPhones and iPads not only don't have iPhones and iPads (because they can't afford them),...
  • Super PAC War: FEC Data Indicates Only Gingrich Can Afford to Keep Up With Romney

    01/15/2012 10:47:53 AM PST · by TBBT · 36 replies
    ibtimes.com ^ | 1/15/2012 | ASHLEY PORTERO
    Following his recent wins in Iowa and New Hampshire, it isn't a stretch to say that Mitt Romney is being widely hailed as the presumptive Republican nominee for the presidency. While almost every GOP presidential candidate has experienced at least a temporary surge in the polls, Romney, who has been endorsed by high-profile members of the Republican establishment, has bounced back every time, putting down firestorms by Michele Bachmann, Rick Perry and Herman Cain. As the primary race shifts to South Carolina, Romney continues to lead the pack. Although both Rick Santorum and Rep. Ron Paul experienced significant surges following...
  • U.S. Army Chief Heads To Israel As Fears Over Attack On Iran Mount

    01/14/2012 8:33:56 PM PST · by edpc · 11 replies
    Haaretz ^ | 14 Jan 2012 | Barak Ravid
    Gen. Martin Dempsey, chairman of the U.S. Joint Chiefs of Staff, is scheduled to arrive in Israel on Thursday for talks with Defense Minister Ehud Barak, Chief of Staff Lt. Gen. Benny Gantz, and other senior defense and intelligence officials. The visit comes as the United States attempts to coordinate with Israel on the issue of Iran's nuclear capabilities, and to determine Israel's intentions with regard to a possible attack on Iranian nuclear facilities.