Matt Simmons in an interview in which he predicts that BP, one of the world's largest companies, will apply for Chapter 11 within a month.
http://money.cnn.com/2010/06/09/news/companies/simmons_gulf_oil_spill.fortune/index.htm
Bilderberg meeting in Spain
The Bilderberg group have now gathered in Sitges, Spain, for an informal 3 day meeting for some of the world's most influential individuals - politicians, business leaders, governors, bankers. Furthermore, there are individuals from the very top of the media, intelligence services and military. In short, representatives from the world's economic, political, military and media elite.
Bilderberg Group is an annual, non-official meeting where all participants are specially invited, about 120-130 in number. They meet at a hotel that is emptied of all other guests and where the surroundings around there are completely cordoned off. Security is huge and so also the secrecy.
Only a couple of years back everything about the Bilderberg meetings was considered conspiracies. Today you can no longer deny its existence but the silence from the participants is GRAND and so also from the media (which then continues to not do what they're paid to do, i.e. scrutinize those in power). Those who've attended the meeting and have been confronted about it just denies they've participated or simply categorically refuses to answer the question. Top Secret is just the first name.
Of course it is these peoples full right to meet in private and discuss the issues at any time. However, it is odd to say the least, that those of our elected representatives who attend, either denies their participation or chooses not to say a word on what has been discussed. Even more alarming, but of course not surprising, is that the media do not cover, report and investigate these events and what is covered therein.
Bilderberg Group is an annual, non-official meeting where all participants are specially invited, about 120-130 in number. They meet at a hotel that is emptied of all other guests and where the surroundings around there are completely cordoned off. Security is huge and so also the secrecy.
Only a couple of years back everything about the Bilderberg meetings was considered conspiracies. Today you can no longer deny its existence but the silence from the participants is GRAND and so also from the media (which then continues to not do what they're paid to do, i.e. scrutinize those in power). Those who've attended the meeting and have been confronted about it just denies they've participated or simply categorically refuses to answer the question. Top Secret is just the first name.
Of course it is these peoples full right to meet in private and discuss the issues at any time. However, it is odd to say the least, that those of our elected representatives who attend, either denies their participation or chooses not to say a word on what has been discussed. Even more alarming, but of course not surprising, is that the media do not cover, report and investigate these events and what is covered therein.
Div Yield > P/E and Productivity in a nutshell
Div Yield > P/E - seen any of those stocks lately? - Morgan Stanley states that stocks with a dividend yield above P/E are worth buying as they have a good track record to outperform. First thought – of course those stocks are worth buying, but hey how many are there? Forward P/E for the S&P500 is just below 13x, and quite frankly I don't know very many stocks with that kind of div yield. However, according to MS, "Expressed as a share of market cap, 2.4% of total market value currently have trailing DY > P/E, well above the long-run median of 0.7%." Apparently in Insurance, Energy and Capital Goods. Ok, I guess I'll have to take another look at that particular piece of research, but in my opinion it's never that easy.
That's productivity in a nutshell for you - According to the Bureau of Labor Statistics, Unemployment in the U.S. eased back down to 9.7% in May from 9.9% in April, but the number of new jobs added was only 431,000, in comparison to projections for payroll additions of 536,000. Well, only about 30-50% of the 2 m american jobs lost in recent years even have a chance of ever coming back. The reason anything is growing at all is because of efficiency improvements, but this growth won't produce any employed consumers. Unfortunately.
That's productivity in a nutshell for you - According to the Bureau of Labor Statistics, Unemployment in the U.S. eased back down to 9.7% in May from 9.9% in April, but the number of new jobs added was only 431,000, in comparison to projections for payroll additions of 536,000. Well, only about 30-50% of the 2 m american jobs lost in recent years even have a chance of ever coming back. The reason anything is growing at all is because of efficiency improvements, but this growth won't produce any employed consumers. Unfortunately.
More zeitgeist
I follow a lot of fanatic sources on the web, not because I agree with
what they're saying, but simply because I find it to be one of the
best gauges for the current zeitgeist.
With the mounting eurocrisis, the legendary investor Felix Zulauf sums
up the situation. All of the industrialized world has too much debt
relative to the size of its economy. He argues that we've lived in an
economic and financial pretend world for the last 20 years, where the
assumption has been that more loans and more debt would lead to a
state of sustained prosperity. His conclusion is to take cover in the
ultimate currency, Gold.
Link below
http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2010/5/28_Felix_Zulauf.html
what they're saying, but simply because I find it to be one of the
best gauges for the current zeitgeist.
With the mounting eurocrisis, the legendary investor Felix Zulauf sums
up the situation. All of the industrialized world has too much debt
relative to the size of its economy. He argues that we've lived in an
economic and financial pretend world for the last 20 years, where the
assumption has been that more loans and more debt would lead to a
state of sustained prosperity. His conclusion is to take cover in the
ultimate currency, Gold.
Link below
http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2010/5/28_Felix_Zulauf.html
Government propaganda for the weak-minded
Quite simply propaganda to citizens. Miss Christian is laughing and
crying at once. Sad and disturbing.
crying at once. Sad and disturbing.
Where does Money come from?
Entertaining movie about our fraudulent banking system and how Ponzi scheme "works". Fiat money and fractional reserve banking.
The reason it won’t be a bull market anytime soon
One of the most reliable rules of the market is that when everyone
says the same thing, it's guaranteed not to happen. I have never seen
the sell-side more bullish than now, probably never ever in my career.
12 of 12 strategists are bullish. I have counted 25 major stock
upgrades in recent days and 0 (zero) downgrades. The market's sure not
to turn until we get some sell-side surrender.
says the same thing, it's guaranteed not to happen. I have never seen
the sell-side more bullish than now, probably never ever in my career.
12 of 12 strategists are bullish. I have counted 25 major stock
upgrades in recent days and 0 (zero) downgrades. The market's sure not
to turn until we get some sell-side surrender.
I also wonder when the sell-side will start lowering earnings
estimates? Or any estimates for that matter? When will 2H Slow Down
become a theme? Or 2011 earning miss? Estimates for the S&P500 for
2011 is +19%, after this record year. Will anyone buy on better Q2
numbers that are almost already history?
The market's likely to be particularly difficult for traders, with
ever lower volume and increasingly tighter range, apart from opening
gaps. Although it has felt so messy, we have only acted in the
1060-1100 S&P500 in the last five days. Feels like sharp movements,
but really we are just still - and it will remain, with the risk
skewed to a break downwards.
