Submitted by Tyler Durden on 11/27/2012 - 10:20 Curious why stocks suddenly took on extra water in the past few minutes? This:
SAC CAPITAL SAID TO PLAN INVESTOR CONFERENCE CALL TOMORROW - BBG
As a reminder, SAC is and has been for the past 10 years arguably the largest buyside market maker, and the firm which now that it has no more Expert Networks to lead to "excess alpha" is forced to slam stops in the market, primarily to the upside, and crush all shorts during times of peak shorting. Should SAC be forced to scale its operations lower, one thing is certain: the farce formerly known as the market will look very different than it does now.
While the just released Durable Goods orders report for October came in modestly better than expected (which many thought would be a decline due to Hurricane Sandy), the primary driver of this continues to be record durable good inventory accumulation. Excluding the noise, and focusing only on real, non-noisy economic strength metrics such as New Capital Goods Orders (technically defined as the year over year change in Non-Defense Capital Goods Excluding Aircraft), a very different and far uglier picture emerges. In fact, the October Y/Y Plunge of -8.1% in this major indicator was the biggest drop since 2009.
Submitted by Tyler Durden on 11/27/2012 - 08:42 With most pundits expecting a weak Durable Goods report today from the month of October, it was only logical that the final print would come better than expected. Sure enough, the October headline durable goods printed at 0.0%, on expectations of a -0.7% decline from a downward revised September 9.2%. It was in the non-volatile Ex-Transportation index that saw a pick up of 1.5%, missing modestly the expectations of a 2.0% print, and down from 1.7% last month. From an investment standpoint, Capital Goods Orders nondefense ex-aircraft rose 1.7% on expectations of a drop to -0.5%, up from a downward revised -0.4%. One wonders just what seasonal adjustment factors were used in this particular data set which saw the NSA data drop from $63.1 billion last month to $61.8 billion currently. Needless to say, inventories of manufactured durable goods, having increased 33 of the past 34 month, just hit an all time high of $374.4 billion, rising 0.4% in the month, following a 0.2% increase in the month ago.
The revolving door between the Pentagon and the private sector.
The report (below) and short video, released in partnership with Brave New Foundation, reveal the extent of the Pentagon’s revolving door, in which retired high-ranking generals and admirals cash in on their years of military experience by taking lucrative jobs with the defense industry.....
Treason! Every one got their job by getting the companies contracts, they got them the contracts by starting wars and sending innocent people to their death. Undermining the safety of the American public for personal gain is treason, and these men are as treasonous as it gets. Shwah Kram vor 1 Woche 11
infowars.com / By Paul Joseph Watson / November 27, 2012
Black Friday gun sales hit an all time record high last week with demand for new firearms so overwhelming that it caused outages at the FBI background check center on two separate occasions.
Fueled by fears that the Obama administration will go after gun rights during a lame duck term, the FBI reported 154,873 background check requests on Friday – a 20 per cent increase on last year’s record total of 129,166 checks.
The number of guns sold could actually be double or more that figure because only one background check is recorded per sale even if buyers purchase multiple firearms.
“With the recent election, some people are making buying decisions just in case something (new law) happens,” Don Gallardo, manager of Shooter’s World in Phoenix, told USA Today.
Gun stores noted that first time gun owners and women represented a significant number of those purchasing firearms on Black Friday.
siouxcityjournal.com / By Bret Hayworth / November 27, 2012
SIOUX CITY | Think about this: Only 7 percent of fiscal transactions in the United States are handled in cash.
Could an American future without bills and coins be in store? In a century where credit cards, debit cards and online transactions are rapidly replacing payment by quarters and $5 bills, the end of currency certainly seems at hand.
But Morningside College Economics Department Professor Jeff Zink said while the economy is experiencing “a sea change,” a cashless society is still a considerable way off.
After all, school concession sales and kid lemonade stands don’t have a card swiping reader. At least not yet.
Zink said people have to have a basic faith in any means of payment before it can be embraced. Although there are some naysayers, people quickly moved to see online transactions for buying and selling things, and with that came a reduction in the usage of currency, he said.
“When you begin to do that, then you being to really reduce the need to carry cash around,” Zink said.
The number of $1 bills made since 2001 has fallen considerably, Zink noted. The U.S. Department of the Treasury Bureau of Engraving and Printing reported the number of new $1 bills in fiscal year 2001 was at 5.15 billion. That number fell to 1.86 billion dollar bills in 2010.
"After six years of declines, lending for so-called Helocs will rise 30 percent to $79.6 billion in 2012, the highest level since the start of the financial crisis in 2008, according to the economics research unit of Moody’s Corp. Originations next year will jump another 31 percent to $104 billion, it projected."
(HELOC ---> http://en.wikipedia.org/wiki/Home_equity_line_of_credit)
Once upon a time a friend told me about a retreat house in the hills of California. I drove three hours north from my mother’s home and came upon an 800-acre spread, with golden pampas grass tumbling down to a great expanse of blue 1,200 feet below. The place was radiantly silent — save for bells tolling three or four times a day — and I was so far from telephone and laptop that I could lose myself for hours in anything at all, or nothing. At dusk, deer stepped into my private garden to graze; an hour later, I stepped out of my room and found myself under an overturned saltshaker of stars......
Der russische Starautor Wladimir Sorokin hat in Zürich seinen Roman «Der Schneesturm» präsentiert. Im Interview äussert er sich über sein neues Buch, Wladimir Putin und Pussy Riot – aber auch über die Schweiz....
.......Was sind die Gründe für das Groteske in Russland?
Das ist eine metaphysische Frage. Eine grosse Rolle spielt die Weite Russlands. Die Grösse des Landes wirkt auf das menschliche Unterbewusstsein. Das führt zu merkwürdigen Denkweisen in den Köpfen von Millionen von Menschen. Das Resultat sind unter anderem die Politikertypen, die wir heute haben, die Machthaber im Kreml......
In this episode, Max Keiser and Stacy Herbert discuss the water and fire signalling the arrival of the paper apocalypse as ever more analysts warn of the debt and credit bubble as governments put their faith in share traders who, a new study shows, are more manipulative than psychopaths. In the second half, Max Keiser talks to professor and economist, Steve Keen, about the fiscal cliff and private sector deleveraging. They also discuss the possibility of a currency collapse in Japan.
Für Inhalt und Rechtmäßigkeit dieses Beitrags trägt der Verfasser Hoka die alleinige Verantwortung. (s. Haftungshinweis)
Thank God for Bank of America CEO Brian Moynihan. If you're a court junkie, or have the misfortune (as some of us poor reporters do) of being forced professionally to spend a lot of time reading legal documents, the just-released Moynihan deposition in MBIA v. Bank of America, Countrywide, and a Buttload of Other Shameless Mortgage Fraudsters will go down as one of the great Nixonian-stonewalling efforts ever, and one of the more entertaining reads of the year.
In this long-awaited interrogation – Bank of America has been fighting to keep Moynihan from being deposed in this case for some time – Moynihan does a full Star Trek special, boldly going where no deponent has ever gone before, breaking out the "I don't recall" line more often and perhaps more ridiculously than was previously thought possible. Moynihan seems to remember his own name, and perhaps his current job title, but beyond that, he'll have to get back to you.
The MBIA v. Bank of America case is one of the bigger and weightier lawsuits hovering over the financial world. Prior to the crash, MBIA was, along with a company called Ambac, one of the two largest and most reputable names in what's called the "monoline" insurance business.
put him in a 5X7 Jail Cell, and watch his memory suddenly improve, and have Lee Mozillo (Countrywide) join him to keep him company....I am SICK of these 'lawyer games' these rich, well connected fucks are playing
We are all now members of the Permanent No-growth Club. And the United States has just re-elected a president who seems determined to sign up too. No government in what used to be called “the free world” seems prepared to take the steps that can stop this inexorable decline. They are all busily telling their electorates that austerity is for other people (France), or that the piddling attempts they have made at it will solve the problem (Britain), or that taxing “the rich” will make it unnecessary for government to cut back its own spending (America).So here we all are. Like us, the member nations of the European single currency have embarked on their very own double (or is it triple?) dip recession. This is the future: the long, meandering “zig-zag” recovery to which the politicians and heads of central banks allude is just a euphemism for the end of economic life as we have known it. Democratic socialism with its “soft redistribution” and exponential growth of government spending will have paved the way for the hard redistribution of diminished resources under economic dictatorship.
Tue, 11/27/2012 - 21:28 | 3016245 new Zer0head heading??
we are fucking there and have been for years
Tue, 11/27/2012 - 22:04 | 3016315Silver Garbage Man I'm going to say this again. This a takeover by the new world order/illuminati. The are not trying to fix anything. The are bleeding the people dry and leaving them to fend for themselves and collapsing the system. If you are awake it is easy to see. If you are asleep you can't see it. Cash out and get precious metals ASAP. God bless.