String theory moves from universes to bubbles….
Comments »Monthly Archives: November 2012
FLASH: European Markets Dive
European markets were largely up on a Obama QE future. Mario Draghi makes one comment: “the slowdown has reached Germany.” But we already knew this no ?
At any rate, it only adds to an earlier comment from German economic advisers stating that Germany will not have a turnaround in 2013 due to the crushing weight of the sovereign debt crisis.
Did Draghi drop a dime on tomorrow’s ECB interest rate meeting ?
Comments »FLASH: Futures Stop Paring Losses and Shit the Bed
S&P futures turned down as comments released from Europe stated Germany’s economy is tanking and is not expected to turn around in 2013 due to the ongoing sovereign debt crisis…
Airlines Have Begun Scrapping Flights Due to Pending Nor’easter
“NEW YORK (AP) — Major airlines are scrapping flights in and out of the New York area ahead of the second significant storm in little more than a week.
United, the world’s largest airline, is suspending most service here starting at noon Wednesday due to a winter storm forecast for the region. It warns that bad weather will likely cause more delays and cancellations throughout the Northeast.”
Comments »$TWC Beats Despite Revenue Drop
“NEW YORK (AP) — Time Warner said Wednesday that its third-quarter earnings grew 2 percent, as a strong performance in its cable television channels offset declines in the Warner Bros. movie business following the final Harry Potter movie last summer.
Net income was $838 million, or 86 cents per share, higher than the 82 cents expected by analysts surveyed by FactSet. That compares with $822 million, or 78 cents a share, a year ago.
Revenue fell 3 percent to $6.84 billion, short of the $6.89 billion expected.
Television networks such as HBO and TBS saw a 7 percent growth in the fees paid by cable and satellite distributors to carry the channels. Advertising revenue fell 1 percent at the networks, partly because of the timing of certain sports events on its channels.”
Comments »$KRFT Posts a 13% Increase in Profits
“NEW YORK (AP) — Kraft Foods’ net income rose 13 percent in the third quarter, the food maker said Wednesday, as new products and increased advertising helped it top Wall Street expectations.
The company, which makes Oscar Mayer, Maxwell House coffee and Miracle Whip, also stood by its forecast for 2013.
The results are the first since Kraft Foods Group Inc., based in Northfield, Ill., split with its global snack food business. That company is called Mondelez International and is home to brands such as Oreo, Chips Ahoy and Nabisco. The split was intended to accelerate growth by allowing each of the companies to focus on a more targeted portfolio of products.”
Comments »$XOM Stirs Up Trouble by Beginning an Exit From Iraqi Oil Project
“BAGHDAD (Reuters) – Exxon Mobil has officially informed Iraq’s government it wants to pull out of a $50 billion oil project, tellingBaghdad in a letter it has started talks with other oil companies to sell its stake, senior Iraqi officials said.
Exxon’s decision to quit the West Qurna-1 oilfield will exacerbate tensions between Baghdad and the autonomous Iraqi Kurdistan region, where Exxon has signed oil deals seen as more lucrative but dismissed by the central government as illegal.
Kurdistan has upset Baghdad by signing deals with foreign companies including Exxon, Chevron and Total . Kurdish officials say that right is enshrined in the constitution.
But Baghdad says only the central government can control oil policy.
Iraq’s cabinet also said on Wednesday it was expelling Turkey’s state-owned TPAO from its exploration block 9 oilfield but denied that the measure was prompted by any proposed move by the Turkish company into Kurdistan.”
Comments »Let the Partisan BS Go Away
Shit like this is funny, but not real and only hurts us as sheeple really believe this kind of stuff.
You don’t have to sing Kumbaya, but lets get back to compromise and moving this country forward.
Comments »$F Plans to Scrap Plants If Slowdown Continues in Europe
“BERLIN (Reuters) – Ford Motor Co may scrap more plants and lay off more workers in Europe as the euro zone debt crisis continues to exacerbate the auto sector’s overcapacity.
The situation in European markets remains “very volatile”, Ford Chief Executive Alan Mulally said at a conference in Berlin on Wednesday, two weeks after the company announced it was cutting 6,200 jobs and production capacity in the region.
“We don’t know whether it (European economy) will stabilize or hit bottom or not because it’s continuing to decrease,” said Mulally.”
Comments »German Economic Advisers Say Growth Will Fail to Pick Up in 2013
German economic growth will fail to pick up next year as the euro region’s sovereign debt crisis saps demand for German exports, the government’s council of economic advisers said in its annual report.
The German economy, Europe’s biggest, will expand 0.8 percent in 2013, the same pace as this year, the five-member council said in the 476-page report, which was published in Berlin today. Foreign trade won’t contribute to growth as imports accelerate faster than exports, it said.
“The second half of 2012 is characterized by widespread recessionary trends in the euro zone that impact on the German economy through foreign trade and confidence” and damp the economy’s expansion through declining investment, the report said.
Germany’s economy is showing signs of weakness as governments and consumers across the region cut spending, reducing export demand. Factory orders fell the most in a year and business confidence dropped to the lowest in more than 2 1/2 years in September.”
Comments »European Stocks Flip Flop as European Commission Cuts Growth Forecasts
European markets whip around, (mostly in positive territory,) as investors try to read the tea leaves between austerity imposed slowdown and QE…
Comments »HEY CNBC STOP PLAYING THE SAPPY MUSIC….FOR THE LOVE OF MONEY PLEASE STOP
Just had to get that out ’cause the music is driving me crazy….
Play anything…even polka if you have too.
[youtube://http://www.youtube.com/watch?v=if-UzXIQ5vw 450 300] Comments »BNP Paribas Third-Quarter Net Doubles on Trading Gains
The Aussie Dollar Climbs on Obama QE Victory
Black Gold Falls on Greek Austerity Vote, Stockpiles Rising
Oil fell from a two-week high in New York amid speculation that U.S. crude inventories rose last week and as Greece prepared to vote on austerity measures.
“Futures slid as much as 1.2 percent after surging 3.6 percent yesterday. Greek parliamentarians will vote later today on proposed spending cuts amid concern that Europe’s debt crisis may curb demand for fuels. U.S. oil stockpiles probably increased last week for a fourth time in five weeks, an Energy Department report may show today.
“Oil’s drop is reflecting some caution ahead of the Greek vote tonight,” said Carsten Fritsch, an analyst at Commerzbank AG in Frankfurt. “There is concern that the austerity package will not pass the parliament and Greece will default as a result.”
Comments »Washington, Colorado Allow Recreational Use of Marijuana
“Washington and Colorado voters legalized recreational use of marijuana, making them the first U.S. states to decriminalize the practice.”
[youtube://http://www.youtube.com/watch?v=EaqQhdt1qqk 450 300] [youtube://http://www.youtube.com/watch?v=vFdBjeVpLPs&feature=related 450 300] Comments »Three Cheers: Elizabeth Warren Unseats Scott Brown, First Women Sent to Senate by Massachusetts
“Democrat Elizabeth Warren, whose attacks on Wall Street helped fuel her political ascent, became the first woman elected U.S. senator from Massachusetts by ousting Republican Scott Brown.
Warren beat Brown 54 percent to 46 percent in one of the most bitterly contested Senate contests of the year, AP reported. Polls taken before the election had shown Warren with a lead over Brown of 4 to 6 percentage points.”
Comments »The Greenback Continues to Fall on Prospects of QE Infinity
After Obama’s win for a second term the dollar continued yesterday’s slide in expectation the new normal will be the old normal which is the way of Japan.
There shall be more QE and stimulus to come.
Comments »Global Markets Trade Flat to Mostly Higher, U.S. Futures are Down Slightly
ATTENTION REPUBLICANS: This Video is For You
Indeud.
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