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Really . this is blatant and Lees asleep. we are all sick of it.
there is no right wing anything in gts posting...
find another forum.
sally
Hey Lee,
Be a fair father and look at the response by yankee to gt..
you get on my case whenever.. and for whatever reason ignore others..
thanks
For Pants. From Zero Hedge
Jeff Saut's Permabullishness Just Cost Raymond James Hundreds Of Thousands In Lost Revenue
Submitted by Tyler Durden on 03/23/2012 - 09:54
China Raymond James Whiting Petroleum
Yesterday, with all the grace of a permabull in a China propaganda store (aka CNBC), Rayond James' ever ebullient Jeff Saut tangoed in to tell anyone clueless enough to listen that stocks are cheap. Oh, and to buy some firm nobody had ever heard of before called Tangoe. In explaining what they do, here is what he said: "these people have the greatest and newest software on the planet right now. Who did they sell it to? To institutions like raymond james. We use their ordering and billing software and hopefully switch to their telecommunications software. It's nifty stuff." He also had some great things to say about Whiting Petroleum. So far so good. What Saut did not say is that his employer, Raymond James, for whom he works as chief strategist (which probably means to advise clients to dollar cost average all the way to $0.00) is an underwriter on not just one but both companies' secondary equity offerings in process, and that commenting on their growth prospects in a non-banana republic would be not only prohibited but punished (see quiet period). Well, the people with the "greatest and newest software on the planet" aren't waiting for the SEC to turn off the porncast. As can be seen from the following before and after cover pages of Tangoe's S1, Raymond James has just been fired as of this morning, following Saut's rank amateur commentary yesterday.
Appreciate that Lee.
Lee , C Span right..?
Here comes QE3
Jim Sinclair’s Commentary
Either he seems to have changed his mind since the sound of "it’s all okay," or this is an exercise of running a test flag up a pole to see if anyone salutes it in the markets before tomorrow’s show.
BREAKING NEWS: EXCLUSIVE: Bernanke Says Risk of European Contagion Still a Concern
Federal Reserve chairman Ben Bernanke will testify Wednesday that the risk of contagion from the European financial crisis still exists for large U.S. financial institutions. In testimony the Fed chief will deliver to the House Oversight and Government Reform Committee, obtained exclusively by the FOX Business Network, Bernanke will also note that U.S. money market funds remain structurally vulnerable to a European crisis.
More…
Hi Belgie, only connection I am aware of is to GG. Next door to in the Red Lakes district.
mula is ultimately extended to Portugal, private creditors can expect to lose everything Photo: AFP
By Ambrose Evans-Pritchard10:32PM GMT 18 Mar 2012408 Comments
Mohamed El-Erian, Pimco’s chief executive, said Portugal will need a second rescue as the original package of €78bn (£65bn) falls short, setting off a political storm over EU rescue costs.
“Unfortunately, that is how it will be. It will make the financial markets nervous because they are worried about a participation of the private sector,” he told Der Spiegel over the weekend.
German finance minister Wolfgang Schäuble insists that Greece is a “completely unique case” and that there will be no further haircuts for banks, insurers and pension funds holding eurozone sovereign bonds.
However, the EU authorities broke their pledges so many times during the Greek saga that market faith has been shattered. Even Norway’s sovereign wealth fund has expressed disgust, signalling that it will give Club Med debt a wide birth from now on. It has already sold half its Spanish bonds.
The fund, under Norway’s finance ministry, voted against the Greek debt deal on the grounds that European institutions were exempted from losses and given “special” treatment. “It's very important to create trust in the markets. To create trust you have to stick to the rules,” said director Yngve Slyngstad.
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IMF gives formal approval to second Greek bailout 15 Mar 2012
If the Greek haircut formula is ultimately extended to Portugal, private creditors can expect to lose everything. The EU and the International Monetary Fund already own most of the debt, reducing everybody else to cannon fodder status. Mr El-Erian said EU leaders are deluding themselves if they think they have solved Greece’s problems. “The Greek package is going to fall apart quickly. Bridges built to go nowhere can collapse at any time,” he said.
The IMF said in its latest report that Greece remains “accident prone” and may need further help and more debt haircuts if the economy “fails to respond rapidly enough to reforms”.
It warned that a “disorderly euro exit would be unavoidable” if the EU cuts off support. Such an outcome would threaten the IMF itself with unprecedented losses.
Meanwhile, Greece's Finance Minister Evangelos Venizelos declared victory on Sunday night in a vote for the leadership of the socialist party, PASOK, in which he ran unopposed.
Last week Mr Venizelos said he would step down as finance minister if he won the contest.
The country's caretaker prime minister Lucas Papademos told the Financial Times: "I am convinced that we are more than halfway along the path to economic recovery – although the fiscal consolidation process will last longer. Positive growth rates should be achieved within less than two years." The Telegraph today
yeah, they ban the truth.
From Zero Hedge
Brent At $126 As Israel Security Cabinet Votes 8 To 6 To Attack Iran
Submitted by Tyler Durden on 03/16/2012 15:44 -0400
Crude
Google Iran Israel President Obama
Looking at the tranquil sea that is the S&P one may be forgiven to ignore the rapid intraday surge in Brent which was up over $3 in a few hours, approaching $126 once again. But why? After all the FOMC minutes were oh so very slightly hawkish, and not to mention that the Fed's scribe Hilsenrath told everyone at best the Fed would proceed with sterilized QE which would leave risk prices untouched. Maybe it has something to do with this. According to Israel's NRG, in a just completed cabinet vote, for the first time Netanyahu has gotten a majority (8 over 6) supporting an Iran attack. NRG also notes that at this point Israel has decided to not wait until the US elections in November before proceeding with sending crude to the stratosphere. From NRG (google translated): "Israeli political sources believe that Prime Minister Benjamin Netanyahu a majority Cabinet support Israeli military action against Iran without American approval....He announced that he would not hesitate to perform the operation without the approval of President Obama mentioned the precedent of the decision to attack the Iraqi reactor, Prime Minister Menachem Begin, and with the comments heard yesterday some cabinet ministers say privately that "It sounds like a speech preparation for attack." Political - Security Cabinet 14 ministers.According to estimates, at this stage tend to support Netanyahu and
Barak's approach eight ministers, and six against it(including the traditional opponents octet: Moshe Ya'alon, Dan Meridor, Benny Begin and Eli Yishai)." So... $4.00 gas is just around the corner. As is, probably, $5.00 gas. And $6.00 gas.
My dear Basser, I apologize. That was unforgivable and I knew it at the time.
If you bookmark this man..I won't have to post. I don't believe anyone here
looks at it anyway,except you.
http://edegrootinsights.blogspot.com/
FRIDAY, MARCH 16, 2012
Even The Monkey Knows Economic Data Is Worthless
Data signaling the economic rebound is gaining steam emboldened traders to sell Treasuries and lift money-market rates amid positive sentiment from the central bank.
Traders that believe the headline/economic hype rather than the message of the markets often find their trading positions pantsed by reality. Falling constant currency trends in the charts below is the market's way of saying retail sales are being driven more by currency devaluation (inflation) than demand since 2000. (gasp), 2000 no way, right? Why do you think Jim started TRX? To accumulate frequent flyer miles? He knows.
Chart 1: Gold-Adjusted Retail Sales (RSGLDR) and YOY Change
Chart 2: S&P Retail Index (RETAIL) AND RETAIL to Gold Ratio
Headline: Traders Bet Fed Rate to Rise Year Before Late-2014 Pledge
"In a week, the market has moved from focusing on how and when the Fed might do QE3 to when the Fed might start the tightening cycle," said Brian Smedley, a strategist in New York at Bank of America Corp., in a telephone interview. "Not only has the market priced out QE3, but rates are pricing in Fed hikes a full year ahead of when the FOMC anticipates raising rates. In our view, it's very hard to conceive of a scenario where the Bernanke Fed is raising rates in 2013."
Data signaling the economic rebound is gaining steam emboldened traders to sell Treasuries and lift money-market rates amid positive sentiment from the central bank.
Retail sales jumped 1.1 percent in February, according to a U.S. Commerce Department report March 13. The Labor Department reported yesterday that initial jobless claims in the U.S. decreased in the week ended March 10 to 351,000, matching the lowest level in four years.
Source: finance.yahoo.com
Thank you very much Dan.
We need him back badly.... Hes intelligent & more,,
Anyone know where Brightness keeps himself...what board..???
All eyes were on the FOMC statement today. To tell you the truth I do not know why
investors pay such special attention to every word coming from Bernanke's mouth as most of you know he spits out nothing but verbal diarrhea. These guys must print to infinity as nobody on the planet will buy their bonds:
JUNE- RECESSION STARTS
I agree and I agree on the timing but thats a ways off.
in the meantime...
Yank you are a jerk
yankee- I haven't a clue what you are going on about.
all I know is fiat currencies are getting weaker and weaker...
and the markets going higher..
solutions... no one has em- except to print more.
you believe we default?
We allow the big banks to implode soon..?
I can't agree.
OK. Tell me, how does he pay the interest on our accumulating mountain of debt interest...
compounding by the month...?? How do they keep Euroland afloat....??
Oh yes he can.
Cap, you really listen to Irwin Kellner...??
The Greece situation is unraveling across Europe.Central Banks to implode... same coming to our shores... media not allowed to cover it.
Wall St Journal only one to 'sniff' at the realities at present & ahead; besides alternative internet media.
The Fed on red alert... standing by... jmho
And of course this is all just the govt. conspiring to get Obama reelected. Heheh! Sorry, I couldn't resist throwing that in.
HUHH..? I don't disagree with that... hold onto your suspenders man.
pray tell yank.. Whooo doo you believe on statistics....??
this all returns to native intelligence and discriminating awareness of course.
Those lay people you are dissing are about to add many white collars to their echelons.
Be forewarned !!
Yankee here you go...
Back in 2009 and 2010, TrimTabs Charles Biderman made waves for being the first person on prime time financial TV to tell it how it is, namely that the Fed is indirectly and directly affecting asset prices. Then he was ostracized. Now, it is not only a given that the Fed does everything in its power to hike stock prices, but is in fact welcome. Indeed, none other than Bob Pisani made point of highlighting that between central bank intervention and kicking the can down the road, the status quo has managed to restore credibility in the system. Of course, nothing could be further from the truth, as we have demonstrated with the now terminal evacuation of faith by the retail investor in the gross manipulated stock "market" which is nothing but a nominal policy vehicle for politicians and bankers. Unfortunately, the endless lies and propaganda are starting to push rational people who refuse to take the blue pill, and who are fully aware there is no wizard, over the edge. In his latest videoblog, Biderman is back, taking his Lewis Black impersonation to the next level, with the following rant: "Individuals are net sellers of US equities and have been for years, probably because they need to pay bills and stuff. So how are they able to do that and get decent prices without the stock market cracking. Well simple the Federal Reserve has been printing huge amounts of money and that ultimately has been boosting the value of US equities, and therefore the sellers can sell. All of this is driving me even more nuts than I already am."
Alas, judging by how seemingly normal people act and behave recently, those to whom every fraudulent action of the Fed is clear as daylight, Biderman's reaction is not unique, and more and more people have been brought to the edge of a full mental collapse as the lies upon lies upon propaganda merely pile up, with nothing ever being fixed (listen to the second part of Biderman's rant for more on that), and with virtually limitless risk now swept under the rug, and onboarded by the world's central banks, in a sequence that can only have one outcome: an end of the monetary system as we know it, at the point where no more risk transfer can take place.
Luckily, since we are now in the exponential phase of consolidated central bank balance sheet expansion, the wait will not be very long
end
And to prove Charles Biderman's assertion that he is seeing tax revenues
remaining constant and not rising is born out with this zero hedge commentary
which shows tax revenue (after deducting tax refunds) fell by 2 billion dollars for the same period.
Also it is worth noting that the USA constantly issues more bonds (727 billion) than its deficit (580 billion). Why do you think it is necessary for them to do this?
The deficit is for 5 months and it looks like the USA will end up with a deficit of 1.3 trillion dollars.
(zero hedge)
yank-- when posters here tell you the truth you blow snot .
Its not just a RE cession .. its a DEpression.
Stagflation ...
Belgie, too bad for me that i didn't get into TRX at 1.50..
another mining legend... I agree with you re MUX...look at RBY.
We two appear to be the only ones interested in this ongoing debacle.
Including the ongoing destruction of all currencies except...... &.........
Tinner, I'm sorry, thats very naive.
Two days ago Obama held a press conference in which he openly prevaricated and disinformed the world about the true nature of his meeting with Israel PM Netanyahu. Today we find what was truly discussed, courtesy of Israel's Maariv newspaper, Spiegel and Reuters, which all tell us that it was a simple case of quid pro quo, namely that Barack Obama would supply Israel with bunker-busters and refueling planes if Bibi promised to delay an Iran attack until after the presidential election. The implication is simple - avoid an oil price shock this summer and delay it until next winter when Obama will be safely in his throne for another 4 years, at which point US citizens can fuel their cars with combustible urine following nights of binging on Everclear in hopes of ending their sorrows with alcohol poisoning, or better yet, all be in possession of the heavily subsidized flaming half ton block of metal known as the Obama Pinto, er, Volt.
Basser- brilliant peice on Buffett.
Monetary Double Talk Beyond MOPE
March 7, 2012, at 1:36 pm
by Jim Sinclair in the category General Editorial | Print This Post | Email This Post
Dear CIGAs,
This would be a hat trick because it assumes the Fed would borrow back funds they have created by good ole debt monetization. It assumes there is no purpose to QE in the first place. It is monetary double talk beyond MOPE or maybe MOPE at a spiritual level. It is an attempt to intellectually cloud the process and to give plausible believability to PR lies.
Once you buy the bond via monetization the deed is done. It ends there. If you drain then you have done the reverse.
This is a statement that says we will step on the gas and then equally apply the brakes which means you go absolutely nowhere. It is a statement that is total gobbledegook to deflect the fact that QE is going to infinity. It is a statement that only those who do not understand monetary science might give credibility to.
This is a damned lie which belongs more out of intelligence agencies than a body claiming transparency. This is why there is no practical way out of this mess as it offers no solution to anything whatsoever.
you nailed it.. thats the word alright.. stepping on the gas and the brake..
smoke & mirrors shhh-h-h no one will get it.... lies upon lies...
QE3 just announced in triple talk spin.
Fed weighing new form of bond buying: report
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By Greg Robb, MarketWatch
WASHINGTON (MarketWatch) — Federal Reserve officials are considering a new type of quantitative easing that will attempt to boost the economy without accelerating inflation, according to a report published Wednesday.
Analysts said the new approach would allow the Fed to move despite high oil prices.
Under the new approach, the Fed would print new money to buy long-term mortgage or Treasury bonds but effectively tie up that money by borrowing it back for short periods at low rates, according to a story in The Wall Street Journal.
THE FED
Reuters
U.S. Federal Reserve Chairman Ben Bernanke testifies about monetary policy before the House Financial Services on Capitol Hill in Washington, February 29, 2012.
• Bernanke sees ‘different signals’ from economy
• Bernanke's son $400,000 of debt
• Fed minutes show few supporters for QE3
• Fed pushes out low rate pledge to late 2014
• Text of FOMC statement
• Live-blog of the Bernanke press conference
• Richmond Fed’s Lacker explains FOMC dissent
• Kellner: Fed’s forecasting reputation shaky
• What’s behind Republican attacks on the Fed
• What’s your question for Bernanke
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• U.S. economic calendar | Global calendar
• Market Snapshot | Bond Report | Currencies
• Sign up for breaking-news alerts by email
This “sterilized” quantitative easing, would use reverse-repurchase agreements to keep the money from flowing to bank reserves.
Markets reacted to the report, with stocks SPX +0.61% advancing to their strongest level of the day. Commodities also rose. Read more about stocks in Market Snapshot.
Economists said that Fed Chairman Ben Bernanke seemed to back away from more quantitative easing during two days of testimony before Congress last week. Financial markets have been unsettled since Bernanke’s testimony.
Republicans in Congress have been urging the Fed not to undertake any more quantitative easing, arguing that it would lead to higher inflation eventually.
Richard Gilhooly, U.S. director of interest-rate strategy at TD Securities, said the new sterilized QE would allow the Fed to buy more assets with an eye toward keeping inflation expectations low.
“This would be dollar supportive and would be negative for risk assets such as gold,” Gilhooly noted in an email to clients.
Many analysts do not think the Fed would be able to engineer another round of asset purchases unless inflation stays low in coming months.
Most Fed experts do not expect the central bank to announce any new asset-purchase program at its March 13 meeting.
“We don’t think they will make any changes at this meeting, they are in a wait-and-see mode,” said Yelena Shulyateva, an economist at BNP Paribas.
The Fed has an existing program in place to lower long-term interest rates. Since September, the Fed has been replacing short-term securities on its balance sheet with longer-term securities, a program known as Operation Twist. This $400 billion program ends in mid-June.
Shulyateva said the Fed may launch sterilized QE after Operation Twist ends.
The central bank is now more sensitive to the volatility in markets at the end of QE programs, as a result of unsettled conditions at the end of the Fed’s second round of quantitative easing last June, Shulyateva said.
Greg Robb is a senior reporter for MarketWatch in Washington.
Pants, Within 12 months NOT 8 yrs......
Pants, where the heck do you live..??
No inflation.. 8 years...you are a very smart, competent person, but no inflation../
Does your spouse do the shopping..??
I think this is a set up for QE3.. in coming weeks.
They need us to beg them...