Long-term food crisis is just beginning, say analysts…
SAN FRANCISCO (MarketWatch) — More than four years after food inflation sparked a wave of riots around the world, consumers are facing the highest-ever prices for corn and may have seen the last of the rock-bottom prices for food staples.
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Comments »“I’ve been in the business more than 30 years and this is by far and away the most serious weather issue and supply and demand problem that I have seen by a mile,” said a senior executive at a trading house. “It’s not even comparable to 2007-08.”
Read the article here.
Comments »A senior International Monetary Fund economist is resigning from the Fund, writing a scathing letter to the board blaming management for suppressing staff warnings about the financial crisis and a pro-European bias that he says has exacerbated the euro-zone debt crisis.
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Comments »JPMorgan Chase discloses CEO Jamie Dimon purchased 500k shares of stock on July 19, 2012
Comments »My weekend begins now….enjoy yours !
[youtube://http://www.youtube.com/watch?v=P4zixnWeE8A 450 300]Scientists are discovering that electricity plays a more significant role in the universe than previously understood. The theory that has sprung from this new research is called the electric universe theory .
According to this theory:
Electricity is present wherever plasma is present. This means that because the visible universe is 99.999% in a plasma state, magnetic and electrical fields surround virtually everything.
“Almost all cosmic plasmas that have been studied in detail seem to be penetrated by magnetic fields. The presence of the magnetic fields implies that considerable electric currents must exist in the cosmic plasmas. As has been stressed by Alfvén such currents often have a pronounced tendency to flow in relatively thin filamentary and sheet structures. Nearby examples of this are found in the ionosphere and magnetosphere of the Earth. In situ measurements show that currents here flow in a complex network of filaments and sheets. Also in more distant plasmas like the chromosphere and corona of the sun, the solar wind, and the interstellar medium we find thin structures in the form of filaments and sheets. There is strong evidence that many of these narrow structures are subject to the pinching action of electric currents,” says Per Carlqvist , Swedish plasma physicist of the Royal Institute of Technology, Stockholm, at the School of Electrical Engineering in the department of Space & Plasma Physics.
The sun, which is electrically charged , releases positive ions, estimated at 10 billion volts. As electrons enter the sun, they leave as positive ions. The sun’s positive charge acts as an anode in a plasma discharge, as is observed in laboratory tests on Earth.
This means the sun is powered by the electrical charges in the universe and not from elements within itself. The sun’s energy derives from the galactic environment as is hypothesized that all stars behave in this fashion.
The sun then becomes a focal point of the electromagnetic energy found in the universe and not a limited self-energizing ball of gases that are slowly burning themselves up. Because the universe has an endless amount of energy and all forces in the universe are electromagnetic in nature, the sun simply directs the electromagnetic energy in the universe toward our solar system. The effects of this are visible as the cosmological scientific communities.
Apparently, our understanding of the sun and its role is grossly misunderstood.
This theory would also assist in explaining why the solar system is heating up . All the planets are experiencing one form or another of “climate change”; as well as our own planet.
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“Quietly, the United States has reduced carbon emissions to their lowest levels in six years. But the reasons for this success may be keeping the Obama administration from touting this accomplishment.
Good news for the economy after a few reports that begged to asked the question if we were falling into recession.
Comments »“Take a look at this chart of the VIX index (the S&P500 implied volatility index). This is not your standard “stochastic” process. In the last 5 years the index has maintained a definite floor somewhere around 15. VIX is currently at 15.45. Risk pricing
in US equities is once again showing lack of caution.”
“Morgan Stanley (MS) and Citigroup Inc. (C) are among Wall Street firms preparing to eliminate jobs as first-half revenue dropped for a third straight year.
Headcount at Morgan Stanley will decline by about 700 in the second half, bringing total 2012 staff reductions to 4,000, Chief Financial Officer Ruth Porat, 54, said yesterday in an interview.Deutsche Bank AG (DBK), Europe’s biggest lender by assets, is considering about 1,000 job cuts at its investment bank, while Citigroup plans to chop about 350, people with knowledge of the decisions said this week.”
Comments »Gapping up
PXLW +32.4%, SXC +8.5%, SNDK +7.2%, SWFT +3.6%, ACTG +2.9%, DEO +2.7%,
GOOG +2.7%, GFI +2.1%, MSFT +1.8%, CBST +1.4%, ONXX +2.9% , NE +0.5%,
EDU +4.9%, ARNA +2.4%, DEO +0.5%, FSBI +39.3%,
Gapping Down
CPHD -20.2%, FSL -11.9%, RMBS -9.6%, LNET -8.2%, GORO -8%, CMG -6.7%,
ISRG -4.3%, UFPI -3.3%, AMD -3.3%, ALGN -3%, VOD -2.9%, TEF -2.3%,
PNRA -1.9%, SAN -1.8%, DB -1.8%, NOK -3.8%, FRO -2%, VZ -0.6%, UNP -1%
Comments »“For anyone who has been worried that 2012 would be repeat of 2011, we’ll soon find out if it’s really true.
Lance Roberts of StreetTalkLive just pointed us to this chart.
It’s the S&P 500 from May to September for 2011 and 2012. And the correlation is incredibly tight.
Here’s an excerpt from his latest blog post about the pattern:
I am not saying the same thing is going to happen this year. However…”
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