$GS to Jobless Jack

[youtube://http://www.youtube.com/watch?v=cddjB-k6QOk 450 300]

[youtube://http://www.youtube.com/watch?v=8XKBqcIEOXM 450 300]

[youtube://http://www.youtube.com/watch?v=602RdrxgyqY 450 300]

[youtube://http://www.youtube.com/watch?v=hlQcgM3L4_M 450 300]

[youtube://http://www.youtube.com/watch?v=-r0uXX4gX9Y 450 300]

[youtube://http://www.youtube.com/watch?v=ED7c8QVLkGQ 450 300]

[youtube://http:///www.youtube.com/watch?v=uW2m2jB2OQQ 450 300]

[youtube://http://www.youtube.com/watch?v=Cjr1HXWkPu4 450 300]

[youtube://http://www.youtube.com/watch?v=63dokT3hjRs 450 300]

[youtube://http://www.youtube.com/watch?v=HhGNoZfvRoA 450 300]

[youtube://http://www.youtube.com/watch?v=Ucb2iyPI1nE 450 300]

Cheers on your holiday weekend!

Trading on Thin Air explains the methods used by the financial oligarchy in the past to extract the wealth of the nation and shows how the same strategy is being used today to subvert a movement for conservation and sustainability and harness it in order to create the next big bubble.

“Mike O’Rourke of JonesTrading wales on the various Fed Heads and the Bank of Japan for having created a ridiculous situation where the entire market is just obsessed with every utterance from central bank chiefs, sucking away the oxygen from the real issues that should actually be driving markets.

He writes in this evening’s note that the events of the last two days are damning:

Losing Credibility.    

Earlier this month we highlighted comments Chairman Bernanke made a decade ago … “I worry about the effects on the long-run stability and efficiency of our financial system if the Fed attempts to substitute its judgments for those of the market.  Such a regime would only increase the unhealthy tendency of investors to pay more attention to rumors about policymakers’ attitudes than to the economic fundamentals that by rights should determine the allocation of capital.”  ….”

Full article

Ex transportation 1.3%

Source

“……Here’s a 3-year chart of yields on the 10-year Japanese Government Bond (via Bloomberg).

Bloomberg

Again, the actual yield is not enormous, and the yield is still back where Japan was a year ago, and not even that much higher than it was in the beginning of 2013….”

“NEW YORK (TheStreet) — Pandora Media (P_) shares were jumping more than 9% to $18.73 in afterhours trading after the biggest online radio service beat first-quarter revenue expectations. The company’s revenue outlook also topped expectations as its mobile advertising sales accelerated and the company added more subscribers during the quarter.

During the first quarter, mobile revenue grew 101% year-over-year to $86.7 million, outpacing mobile listener hour growth, which grew 47% year-over-year. Also, Pandora One subscribers surpassed 2.5 million, adding over 700,000 net new subscribers in the first quarter and growing 114% year-over-year. Total listener hours grew 35% to 4.18 billion…..”

Full report

Source

“…………………..You can see, public construction spending is lower than its been in over 20 years.

Read more: http://www.businessinsider.com/skagit-bridge-collapse-infrastructure-spending-2013-5#ixzz2UDATh1Qz

“May 24 (Reuters) – Abercrombie & Fitch Co on Friday reported a steeper-than-expected drop in quarterly comparable sales, in part because of inventory shortages, and the teen clothing retailer’s shares fell more than 11 percent.

Sales at stores open at least a year combined with online sales fell 15 percent. The decline was most pronounced at the Hollister chain, the company’s largest. But Abercrombie lost business under all its banners, even in its direct-to-consumer operations, which include e-commerce.

Abercrombie said it expected comparable sales to be slightly down for the remainder of the year.

Overall sales fell 9 percent to $838.8 million in the first quarter ended May 4, well below analysts’ expectations of $941.3 million, according to Thomson Reuters I/B/E/S…..”

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“U.S. regulators are in the early stages of an antitrust probe into whether Google, which dominates web display advertising, has broken antitrust law in how it handles some ad sales, a source told Reuters on Thursday….”

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“A colliding truck may have triggered the collapse on Thursday of part of a four-lane freeway bridge that sent vehicles and drivers tumbling into a frigid river in Washington state, officials said.

A U.S. National Transportation Safety Board (NTSB) investigation into what led part of the Interstate 5 bridge to fall into the Skagit River 55 miles (90km) north of Seattle was expected to continue on Friday.

Two of the three people rescued from the river were hospitalized with hypothermia, but no one died, officials said.

The freeway is a principal corridor for vehicles between Seattle and Vancouver, Canada, and Washington state Governor Jay Inslee said he expected major traffic delays in the region.

State Patrol Chief John R. Batiste said a semi-truck driven southbound struck the bridge just before part of it collapsed. The bridge has metal overhead beams.

“The size of the load he was carrying appeared to create a problem, causing him to strike the bridge,” Batiste said. He said investigators were talking to the driver and inspecting the truck….”

Full article