“Under the deal with Christie, Seattle-based Amazon will start collecting sales tax as of July 1, 2013, on orders placed by New Jersey residents through its website, and will seek state financial help if it chooses to open a warehouse in the state, Lesniak said.”
Comments »Monthly Archives: May 2012
Kayak Will Postpone Their IPO After $FB Downstream Performance
A Little Afternoon Fun For a Samich Market
[youtube://http://www.youtube.com/watch?v=_Xm0HNbvtgQ 450 300]
Comments »The Pot Calls The Kettle Black
20k Applicants Apply for 877 Jobs Openings
That is a lot of people for so little jobs. Is this the new normal of things getting better ?
Comments »Market Update
Markets remain weak on hopes being dashed by European indecision. All a bull can say is the volume is low and the the follow through to the downside has not been bad.
[youtube://http://www.youtube.com/watch?v=JCtdKWWfZG8 450 300] Comments »Sovereign Wealth Funds Unite
It seems clear to me that in order to really solve the debt crisis in Europe one of two things need to happen.
The obvious is what the world has called for; in that Germany and France have to head up a money printing scheme within the EU. This of course has been an ongoing debate that has lead us to this crossroad.
The other obvious solution would be for sovereign wealth funds to unite with the IMF and World Bank to create a 100 year fire wall bond fund.
Let’s face it, nobody can focus on growth if they constantly have to implement austerity at the worst possible time.
A joint effort of white knights would give markets time to relax, avoid a $LEH style blow up and provide enough time for countries to work out deficit problems while paying back money borrowed with interest.
Otherwise expect a $LEH style event.
It would also behoove the largest sovereign wealth funds to do so as it would steady the world economy and bolster manufacturing as well as help to avoid deflation in commodity money making economies. It would also save the Euro ultimately as a viable currency. Countries could exit without real serious systemic risk.
In the mean time the world can work on a new Bretton Woods deal and figure a way to help growth increase while wealth is created right down to the little guy.
By the latest count the top 10 sovereign wealth funds have $4 trillion in liquid cash. That is a lot in a fractional reserve world banking system.
JMO
GLT
[youtube://http://www.youtube.com/watch?v=ZzvL4O3uomg 450 300] Comments »Hybrid Movers
Financial Rape and Usury Continues at Over 900 Colleges
Some 900 colleges have helped to design lucrative deals that take profits in untold millions as students suffer higher costs to get that education they strive for.
Comments »The EU Gives Spain Some Time and Monetary Crumbs
Being touted as lifelines the EU will give Spain more time to work out its deficit problems and direct aid from its euro zone rescue fund.
This is more of the same attitude we have seen in the past. Giving time to work out an over blown deficit when your already in the whole is a non event. Will Spain impose austerity ? Can they impose enough to make a difference ? More likely this is a move to make Germany not look like the bad guy.
Finally the direct support from the EU rescue funds is what we have seen all along and have we a success in the PIIGS ?
Comments »CAN WALL STREET STRATEGISTS BE TRUSTED ?
“What we learn only through the ears makes less impression upon our minds than what is presented to the trustworthy eye.” – Horace
Courtesy of our friends at Rcube Global Macro Research, here is a guest post dealing with “Strategists’ Capitulation” from the 17th of May:
Can Wall Street strategists be trusted? History clearly suggests that they bring negative value in terms of asset allocation forecasting.”
Comments »Goldman Lists the Top Ten Shorts Held by Hedge Funds
Google is Working Hard to Unseat Facebook – $GOOG, $FB
“Google+, with 100 million active users, still has a long way to go before being anywhere near social network rival Facebook’s nearly one-billion subscribers. But it has been working hard to leverage its substantial audiences in other areas to do just that. And today saw the latest advance in that area, with the double news that it is launching Google+ Local, and sunsetting Google Places, its older, less social version of local listings and local search.”
Comments »Pep Boys Cancels Their Planned Buy of The Gores Group -$PBY
“NEW YORK – The Pep Boys — Manny, Moe & Jack has called off its planned $791 million acquisition by investment firm The Gores Group.
The company’s shares tumbled $1.49, or 13.4 percent, to $9.60 in premarket trading Wednesday.
The auto parts chain said late Tuesday that it will receive a $50 million settlement from Gores and will be reimbursed for certain acquisition-related expenses.
Pep Boys cancelled its special shareholders meeting, which had been scheduled for Thursday.”
Comments »Apple Expected to Debut Apple TV in Two Weeks
KEITH JUROW: Prepare For The Coming Housing Collapse
“Editor’s Note: Keith Jurow has been posting articles regularly for the past two years on BUSINESS INSIDER. He is the author of Minyanville.com’s Housing Market Report.
 Keith Jurow |
After being the only analyst who was spot-on correct in stating for the past two years that there is no housing bottom in sight, it’s time for me to tell you what I see ahead.
Housing pundits are nearly unanimous in declaring that housing markets are showing signs of bottoming. This is nonsense!”
Comments »Pending Home Sales: Prior 4.1%, Market Expects 0.6%, Actual -5.5%
Not so good….
Comments »Consumers Move Back to Credit
A hopeful trend of debit card use over credit has now reversed according to the latest 8k filing by Visa-$V.
Comments »Heat Map and A/D Lines
RICO Pays
The likelihood of prosecution on Wall st. for the debacle has all but faded away. In order to get business done these days you must consider bribery and fraud in some cases. Cronyism has reached a new pinnacle. A sad story for the “civilized’ world that believes in “law and justice.”
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