Barclays upgraded their outlook on black gold taking it higher by 1.3% in overnight trade. Brent was raised $10 to $115 pb
Comments »Monthly Archives: July 2011
Most Asian Markets Turn Negative After Moody’s Put’s Out a Report on Asian Banks
Moody’s indicated there maybe more troubled assets then first anticipated for Chinese banks.
Comments »WOW! A New America Indeud
This article has some great suggestions on taking back our country in a orderly fashion that is truly democratic.
However I’ll keep the Constitution closer to the vest…..
Bravo!
Comments »Fun With Fed Charts
Guess these charts do confirm that the stimulus was mostly absorbed by the big banks. They got to increase their cash holdings off the tax payers back while being selective about loans to you the tax payer.
Of course they did loan to corporate America who have now loaded up on cheap paper.
Lots of cash hoarding going on son.
Wonder when congress will change back the accounting rules and let the banks go back to mark to market accounting ?
Comments »The Week Ahead
Japan Opens Little Changed; Most Asian Futures Up
The Tree of Liberty: Anonymous Hacktivists Announce RICO Proceedings Against The Federal Reserve
We will see if this goes anywhere…this group has been known for obtaining Wiki Leak type information and some suspect there is cause for the Feds concern. Not really sure though how they would knock the Masters of the Universe off the stump.
An Independence Day Quote:
“The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants.” Thomas Jefferson
[youtube:http://www.youtube.com/watch?v=OyKE9ZZNPu4&feature=player_embedded#at=162 450 300] Comments »
Post Recovery Profits Go To …….
Exxon Mobile Pipeline Spills Oil Into Yellow Stone River
So far it does not appear to be a serious amount of oil as the pipeline was shut down quickly according to XOM.
Comments »St. Joe Company, JOE, and Bruce Berkowitz are Under Investigation by the SEC
Currently the SEC is looking into public information disclosure, anti fraud, and several other offenses….
Comments »Japanese Researchers Announce They Have Discovered the El Dorado of Rare Earth
Deposits found in Hawaii and French Polynesia are said to be 1000x larger than any currently on land…..
Comments »Fox News Gets Hacked; Fake Tweet of President Shot and Killed Goes Live
This is beyond having fun and seeing if you can do it just for the sake of it. If your going to hack something why don’t you go Robin Hood….
Comments »Hackers Claimed to Have Breached Apple Servers; Hackers Post Said Sensitive Information
Opulence For The Sake of It
Germany Raises Borrowing Costs by 10 %
Apparently government math is wrong all over the globe. The bailout turned out to be more than double what the country estimated and endorsed.
Comments »Non Manufacturing Business Sectors in China Slow More Than Expected
A slowing economy is getting people excited that China is done raising rates and that we have a soft landing in play….
Comments »Copper Futures Rise on Expectations That China is Done Raising Rates
Not sure why copper traders would anticipate this since hot money will chase rising Asian markets ans inevitably cause more inflation for Asia….but what do i know. Perhaps a slowing economy will balance all this out. Let’s rejoice that there is no red lobster !
Comments »Asian Markets Rise; Extending the Longest Melt Up in Six Months
Asian markets rallied on a Greek debt rollover and good U.S. manufacturing, (ISM,) numbers extending the longest rally in the last 7 months……
Comments »European Markets Rise on Greek Aid Approval
U.S. futures fell Monday morning, but European and Asian markets rallied on a Greek debt rollover plan.
Some European markets bounce 1%+
Comments »S&P Considers Greek Debt Rollover a “Select Default”
Despite the EU’s efforts to roll over Greek debt they may have to downgrade Greece and its bonds. Not what private bond holders and participants want to hear. Also is this a warning to the U.S. to get its debt in order ?
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