peiaweblog

Anonymous writes:


(7-6-06) Tobacco rally (based upon throwing out a punitive damage award before assessment of and hence without reasonable relation to damage.....daaaaah!) spurs new market fraud “talking point” in this suckers’ bear market rally/”dead dog bounce” with dow up 73. Highly leveraged obfuscating mergers/acquisitions, very “commissionable”(investment bankers/brokers), and historically have more often than not ended quite badly; oil prices up still above $75; first quarter GDP revised upward according to government (who would have thunk it.....riiiiight!). Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly (and particularly with 62 point contraindicated rise). I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven (ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived “pearl harbor effect")/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.) that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they’ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.
(7-5-06) It’s always something! Riiiiight, as dow embraces reality with 76 point decline on higher volume. The bottom line is the catch-22 which is and remains that the defacto bankrupt u.s. is printing worthless paper (so much so that they’ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades. Highly leveraged obfuscating mergers/acquisitions, also very “commissionable”(investment bankers/brokers), and historically have more often than not ended quite badly; oil prices up above $75; unemployment claims up; first quarter GDP “revised” upward according to government (who would have thunk it.....riiiiight!)]. Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven (ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived “pearl harbor effect")/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.) that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight!
(7-3-06) No news [except GM sales down 25.9%, along with Ford and Chrysler, the ISM Index slipped to 53.8 in June (consensus 55.0) from 54.4 in May while construction spending declined 0.4% in May (consensus +0.2%) versus a 0.2% decline in April, just little things, etc.....riiiiight!] in shortened trading day on light volume. Lunatic frauds on wall street claim July 4th Independence of Reality Day celebration in continuation of suckers’ bear market rally to suck the suckers in. (6-30-06) analysis is apposite:
(6-30-06) Back to the (reality) future for the lunatic frauds on wall street as mergers/acquisitions obfuscation fails to suck enough suckers in and DOW gives back 40+ unwarranted, bloated sucker points as suckers’ bear market rally fails to hold and is opportunity for smart money to unload into the close [the new scam on previous trading day by the lunatic frauds on wall street, viz., expectation for 1/2percent fed increase (nothing to warrant that view) and 1/4percent relief rally, to suck the suckers in (the lunatic frauds on wall street call it “window dressing” for end of quarter numbers while reality would posit same as fraud in the inducement with Dow previously up 217 points - the "miracle" of computerized manipulated trades, all very commissionable on high volume). What Changed? Fed wording the same; Highly leveraged obfuscating mergers/acquisitions, also very “commissionable”(investment bankers/brokers), and historically have more often than not ended quite badly; oil prices up above $73; unemployment claims up; first quarter GDP revised upward according to government (who would have thunk it.....riiiiight!)]. Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly (and particularly with 62 point contraindicated rise). I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven (ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived “pearl harbor effect")/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.) that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they’ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.
(6-29-06) Suckers’ bear market rally with new scam by the lunatic frauds on wall street, viz., expectation for 1/2percent fed increase (nothing to warrant this view) and 1/4percent relief rally, to suck the suckers in (the lunatic frauds on wall street call it “window dressing” for end of quarter numbers while reality would posit same as fraud in the inducement). Dow up 217 points - the "miracle" of computerized manipulated trades, all very commissionable on high volume. What Changed? Fed wording the same; Highly leveraged obfuscating mergers/acquisitions, also very “commissionable”(investment bankers/brokers), and historically have more often than not ended quite badly; oil prices up above $73; unemployment claims up; first quarter GDP revised upward according to government (who would have thunk it.....riiiiight!). Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly (and particularly with 62 point contraindicated rise). I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven (ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived “pearl harbor effect")/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.) that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.
(6-28-06) Suckers’ bear market rally/”dead dog bounce” at and into the close by the lunatic frauds on wall street to suck the suckers in; ie., dow up 48 points - the "miracle" of computerized manipulated trades, all very commissionable on light volume. What Changed? Highly leveraged obfuscating mergers/acquisitions, also very “commissionable”(investment bankers/brokers), and historically have more often than not ended quite badly. Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven (ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived “pearl harbor effect")/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.) that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.
(6-27-06) Back to the (reality) future for the lunatic frauds on wall street as late credit card payments up 4.4 percent, more people dipping into savings accounts to make ends meet since the great depression, existing home sales down 1.2 percent, and mergers/acquisitions obfuscation fails to suck enough suckers in and DOW gives back 120 more undeserved, bloated sucker points. GM sees weaker auto market. Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven (ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived “pearl harbor effect")/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.) that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.
(6-26-06) Suckers’ bear market rally at and into the close by the lunatic frauds on wall street to suck the suckers in; ie., dow up 56 points - the "miracle" of computerized manipulated trades, all very commissionable on high volume. What changed? New house sales up 4.6 percent. What they don’t tell you is that same is down from prior year and more importantly, the sales prices were DOWN 4.3 percent. One home building company even predicted prospective weakness in earnings and still rallied. Mergers/acquisitions obfuscation also provides cover for the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down. Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven (ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived “pearl harbor effect")/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.) that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.
(6-23-06) Back to the (reality) future for the lunatic frauds on wall street as durable goods down greater than expected .3 percent and mergers/acquisitions obfuscation fails to suck enough suckers in and DOW gives back 30 more undeserved, bloated sucker points. Leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven (ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived “pearl harbor effect")/who ordered NORAD to stand down?/who were the short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.) that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

(6-22-06) Back to the (reality) future for the lunatic frauds on wall street as they grudgingly give back 60 plus undeserved, bloated sucker points on the DOW. Jobless claims rose 11,000 and more than expected to 308,000 while leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven (ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived “pearl harbor effect")/who ordered NORAD to stand down?/who were the short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.) that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

(6-21-06) Suckers’ bear market rally by the lunatic frauds on wall street to suck the suckers in; ie., dow up 104 points - the "miracle" of computerized manipulated trades, all very commissionable on high volume. What changed? One of their own frauds, morgan stanley/corrupt nothing company fedex?, mergers and acquisition activity to mask underlying weakness? GM debt rating lowered. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven (ie., i

Anonymous writes:


(7-6-06) Tobacco rally (based upon throwing out a punitive damage award before assessment of and hence without reasonable relation to damage.....daaaaah!) spurs new market fraud “talking point” in this suckers’ bear market rally/”dead dog bounce” with dow up 73. Highly leveraged obfuscating mergers/acquisitions, very “commissionable”(investment bankers/brokers), and historically have more often than not ended quite badly; oil prices up still above $75; first quarter GDP revised upward according to government (who would have thunk it.....riiiiight!). Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly (and particularly with 62 point contraindicated rise). I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven (ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived “pearl harbor effect")/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.) that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they’ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.
(7-5-06) It’s always something! Riiiiight, as dow embraces reality with 76 point decline on higher volume. The bottom line is the catch-22 which is and remains that the defacto bankrupt u.s. is printing worthless paper (so much so that they’ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades. Highly leveraged obfuscating mergers/acquisitions, also very “commissionable”(investment bankers/brokers), and historically have more often than not ended quite badly; oil prices up above $75; unemployment claims up; first quarter GDP “revised” upward according to government (who would have thunk it.....riiiiight!)]. Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven (ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived “pearl harbor effect")/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.) that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight!
(7-3-06) No news [except GM sales down 25.9%, along with Ford and Chrysler, the ISM Index slipped to 53.8 in June (consensus 55.0) from 54.4 in May while construction spending declined 0.4% in May (consensus +0.2%) versus a 0.2% decline in April, just little things, etc.....riiiiight!] in shortened trading day on light volume. Lunatic frauds on wall street claim July 4th Independence of Reality Day celebration in continuation of suckers’ bear market rally to suck the suckers in. (6-30-06) analysis is apposite:
(6-30-06) Back to the (reality) future for the lunatic frauds on wall street as mergers/acquisitions obfuscation fails to suck enough suckers in and DOW gives back 40+ unwarranted, bloated sucker points as suckers’ bear market rally fails to hold and is opportunity for smart money to unload into the close [the new scam on previous trading day by the lunatic frauds on wall street, viz., expectation for 1/2percent fed increase (nothing to warrant that view) and 1/4percent relief rally, to suck the suckers in (the lunatic frauds on wall street call it “window dressing” for end of quarter numbers while reality would posit same as fraud in the inducement with Dow previously up 217 points - the "miracle" of computerized manipulated trades, all very commissionable on high volume). What Changed? Fed wording the same; Highly leveraged obfuscating mergers/acquisitions, also very “commissionable”(investment bankers/brokers), and historically have more often than not ended quite badly; oil prices up above $73; unemployment claims up; first quarter GDP revised upward according to government (who would have thunk it.....riiiiight!)]. Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly (and particularly with 62 point contraindicated rise). I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven (ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived “pearl harbor effect")/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.) that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they’ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.
(6-29-06) Suckers’ bear market rally with new scam by the lunatic frauds on wall street, viz., expectation for 1/2percent fed increase (nothing to warrant this view) and 1/4percent relief rally, to suck the suckers in (the lunatic frauds on wall street call it “window dressing” for end of quarter numbers while reality would posit same as fraud in the inducement). Dow up 217 points - the "miracle" of computerized manipulated trades, all very commissionable on high volume. What Changed? Fed wording the same; Highly leveraged obfuscating mergers/acquisitions, also very “commissionable”(investment bankers/brokers), and historically have more often than not ended quite badly; oil prices up above $73; unemployment claims up; first quarter GDP revised upward according to government (who would have thunk it.....riiiiight!). Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly (and particularly with 62 point contraindicated rise). I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven (ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived “pearl harbor effect")/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.) that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.
(6-28-06) Suckers’ bear market rally/”dead dog bounce” at and into the close by the lunatic frauds on wall street to suck the suckers in; ie., dow up 48 points - the "miracle" of computerized manipulated trades, all very commissionable on light volume. What Changed? Highly leveraged obfuscating mergers/acquisitions, also very “commissionable”(investment bankers/brokers), and historically have more often than not ended quite badly. Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven (ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived “pearl harbor effect")/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.) that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.
(6-27-06) Back to the (reality) future for the lunatic frauds on wall street as late credit card payments up 4.4 percent, more people dipping into savings accounts to make ends meet since the great depression, existing home sales down 1.2 percent, and mergers/acquisitions obfuscation fails to suck enough suckers in and DOW gives back 120 more undeserved, bloated sucker points. GM sees weaker auto market. Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven (ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived “pearl harbor effect")/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.) that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.
(6-26-06) Suckers’ bear market rally at and into the close by the lunatic frauds on wall street to suck the suckers in; ie., dow up 56 points - the "miracle" of computerized manipulated trades, all very commissionable on high volume. What changed? New house sales up 4.6 percent. What they don’t tell you is that same is down from prior year and more importantly, the sales prices were DOWN 4.3 percent. One home building company even predicted prospective weakness in earnings and still rallied. Mergers/acquisitions obfuscation also provides cover for the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down. Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven (ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived “pearl harbor effect")/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.) that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.
(6-23-06) Back to the (reality) future for the lunatic frauds on wall street as durable goods down greater than expected .3 percent and mergers/acquisitions obfuscation fails to suck enough suckers in and DOW gives back 30 more undeserved, bloated sucker points. Leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven (ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived “pearl harbor effect")/who ordered NORAD to stand down?/who were the short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.) that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

(6-22-06) Back to the (reality) future for the lunatic frauds on wall street as they grudgingly give back 60 plus undeserved, bloated sucker points on the DOW. Jobless claims rose 11,000 and more than expected to 308,000 while leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven (ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived “pearl harbor effect")/who ordered NORAD to stand down?/who were the short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.) that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

(6-21-06) Suckers’ bear market rally by the lunatic frauds on wall street to suck the suckers in; ie., dow up 104 points - the "miracle" of computerized manipulated trades, all very commissionable on high volume. What changed? One of their own frauds, morgan stanley/corrupt nothing company fedex?, mergers and acquisition activity to mask underlying weakness? GM debt rating lowered. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven (ie., i

Anonymous writes:


(7-7-06) Back to the (reality) future for the lunatic frauds on wall street as mergers/acquisitions obfuscation fails to suck enough suckers in and DOW gives back 134+ unwarranted, bloated sucker points. (7-6-06) analysis is apposite: (7-6-06) Tobacco rally (based upon throwing out a punitive damage award before assessment of and hence without reasonable relation to damage.....daaaaah!) spurs new market fraud “talking point” in this suckers’ bear market rally/”dead dog bounce” with dow up 73. Highly leveraged obfuscating mergers/acquisitions, very “commissionable”(investment bankers/brokers), and historically have more often than not ended quite badly; oil prices up still above $75; first quarter GDP revised upward according to government (who would have thunk it.....riiiiight!). Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly (and particularly with 62 point contraindicated rise). I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven (ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived “pearl harbor effect")/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.) that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they’ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.
(7-5-06) It’s always something! Riiiiight, as dow embraces reality with 76 point decline on higher volume. The bottom line is the catch-22 which is and remains that the defacto bankrupt u.s. is printing worthless paper (so much so that they’ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades. Highly leveraged obfuscating mergers/acquisitions, also very “commissionable”(investment bankers/brokers), and historically have more often than not ended quite badly; oil prices up above $75; unemployment claims up; first quarter GDP “revised” upward according to government (who would have thunk it.....riiiiight!)]. Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven (ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived “pearl harbor effect")/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.) that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight!
(7-3-06) No news [except GM sales down 25.9%, along with Ford and Chrysler, the ISM Index slipped to 53.8 in June (consensus 55.0) from 54.4 in May while construction spending declined 0.4% in May (consensus +0.2%) versus a 0.2% decline in April, just little things, etc.....riiiiight!] in shortened trading day on light volume. Lunatic frauds on wall street claim July 4th Independence of Reality Day celebration in continuation of suckers’ bear market rally to suck the suckers in. (6-30-06) analysis is apposite:
(6-30-06) Back to the (reality) future for the lunatic frauds on wall street as mergers/acquisitions obfuscation fails to suck enough suckers in and DOW gives back 40+ unwarranted, bloated sucker points as suckers’ bear market rally fails to hold and is opportunity for smart money to unload into the close [the new scam on previous trading day by the lunatic frauds on wall street, viz., expectation for 1/2percent fed increase (nothing to warrant that view) and 1/4percent relief rally, to suck the suckers in (the lunatic frauds on wall street call it “window dressing” for end of quarter numbers while reality would posit same as fraud in the inducement with Dow previously up 217 points - the "miracle" of computerized manipulated trades, all very commissionable on high volume). What Changed? Fed wording the same; Highly leveraged obfuscating mergers/acquisitions, also very “commissionable”(investment bankers/brokers), and historically have more often than not ended quite badly; oil prices up above $73; unemployment claims up; first quarter GDP revised upward according to government (who would have thunk it.....riiiiight!)]. Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly (and particularly with 62 point contraindicated rise). I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven (ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived “pearl harbor effect")/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.) that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they’ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.
(6-29-06) Suckers’ bear market rally with new scam by the lunatic frauds on wall street, viz., expectation for 1/2percent fed increase (nothing to warrant this view) and 1/4percent relief rally, to suck the suckers in (the lunatic frauds on wall street call it “window dressing” for end of quarter numbers while reality would posit same as fraud in the inducement). Dow up 217 points - the "miracle" of computerized manipulated trades, all very commissionable on high volume. What Changed? Fed wording the same; Highly leveraged obfuscating mergers/acquisitions, also very “commissionable”(investment bankers/brokers), and historically have more often than not ended quite badly; oil prices up above $73; unemployment claims up; first quarter GDP revised upward according to government (who would have thunk it.....riiiiight!). Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly (and particularly with 62 point contraindicated rise). I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven (ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived “pearl harbor effect")/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.) that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.
(6-28-06) Suckers’ bear market rally/”dead dog bounce” at and into the close by the lunatic frauds on wall street to suck the suckers in; ie., dow up 48 points - the "miracle" of computerized manipulated trades, all very commissionable on light volume. What Changed? Highly leveraged obfuscating mergers/acquisitions, also very “commissionable”(investment bankers/brokers), and historically have more often than not ended quite badly. Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven (ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived “pearl harbor effect")/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.) that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.
(6-27-06) Back to the (reality) future for the lunatic frauds on wall street as late credit card payments up 4.4 percent, more people dipping into savings accounts to make ends meet since the great depression, existing home sales down 1.2 percent, and mergers/acquisitions obfuscation fails to suck enough suckers in and DOW gives back 120 more undeserved, bloated sucker points. GM sees weaker auto market. Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven (ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived “pearl harbor effect")/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.) that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.
(6-26-06) Suckers’ bear market rally at and into the close by the lunatic frauds on wall street to suck the suckers in; ie., dow up 56 points - the "miracle" of computerized manipulated trades, all very commissionable on high volume. What changed? New house sales up 4.6 percent. What they don’t tell you is that same is down from prior year and more importantly, the sales prices were DOWN 4.3 percent. One home building company even predicted prospective weakness in earnings and still rallied. Mergers/acquisitions obfuscation also provides cover for the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down. Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven (ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived “pearl harbor effect")/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.) that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.
(6-23-06) Back to the (reality) future for the lunatic frauds on wall street as durable goods down greater than expected .3 percent and mergers/acquisitions obfuscation fails to suck enough suckers in and DOW gives back 30 more undeserved, bloated sucker points. Leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven (ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived “pearl harbor effect")/who ordered NORAD to stand down?/who were the short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.) that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

(6-22-06) Back to the (reality) future for the lunatic frauds on wall street as they grudgingly give back 60 plus undeserved, bloated sucker points on the DOW. Jobless claims rose 11,000 and more than expected to 308,000 while leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven (ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived “pearl harbor effect")/who ordered NORAD to stand down?/who were the short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.) that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

(6-21-06) Suckers’ bear market rally by the lunatic frauds on wall street to suck the suckers in; ie., dow up 104 points - the "miracle" of computerized manipulated trades, all very commissionable on high volume. What changed? One of their own frauds, morgan stanley/corrupt nothing company fedex?, mergers and acquisition activity to mask underlying weakness? GM debt rating lowered. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven (ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived “pearl harbor effect")/who ordered NORAD to stand down?/who were the short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.) that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down. This is a fraudulent "dead dog bounce" at best, despite a contraindicated reality and substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

(6-20-06) Typically false government numbers spur suckers’ market rally into the close as DOW ekes out 33 to the plus from negative territory. The precipitating factor was the false government report that housing unexpectedly (all forecasts to the contrary) rose 5% (building permits down 2.1%, and that’s also a stretch). What’s not reported is that the frauds in the government placed a disclaimer in the false government numbers that there was significant statistical error therein, complicit in the typical wall street fraud wherein fraud in the inducement and fraud in the factum are standard operating procedure in the fraudulent "alice-in-wonderland" lunatic world of wall street! I previously warned be very skeptical of up-coming government/collaborative/wall street data inasmuch as they are quite desperate and have proven (ie., illegal Iraq war/occupation, 911 attack/who ordered NORAD to stand down?/who were the short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.) that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down. This is a fraudulent "dead dog bounce" at best, despite a contraindicated reality and substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.



(6-19-06) Catching up with reality (there's still a long way to go) in the fraudulent "alice-in-wonderland" lunatic world of wall street! Be very skeptical of up-coming government/collaborative/wall street data inasmuch as they are quite desperate and have proven (ie., Iraq war, etc.) that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight!
Remember, the catch-22 is that the defacto bankrupt u.s. is printing worthless paper and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin' and hopin' to the contrary. Foreclosures up, housing down, contrived rally attempt near close to suck the suckers in fizzles as reality is all too real.
(6-16-06) Waning full moon and the lunatic frauds on wall street limp to the close to keep the suckers sucked in, despite reality. Quarterly trade deficit, though still substantial, supposedly narrows (must be the Japanese buying those “superior” american cars.....or americans buying domestic crude.....or americans slowing their hunger for record unsustainable credit to finance purchases, etc......riiiiight!). Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of government numbers. He is riiiiight! They “know all the tricks” and watch for coming week manipulation of closing positions to stay above/confirm“ technical benchmark/support levels” despite a contraindicated reality and substantial downside bias in light of real economic considerations, particularly beyond the moment/trading

Anonymous writes:


(7-11-06) Blazing full moon and suckers’ bear market rally into the close by the lunatic frauds on wall street to suck the suckers in; ie., dow up 31 points - the "miracle" of computerized manipulated trades, all very commissionable on 1.5 billion shares. What Changed? Highly leveraged obfuscating mergers/acquisitions, also very “commissionable”(investment bankers/brokers), and historically have more often than not ended quite badly; oil prices back up above $74; one company reporting a substantial loss said same was at the low end of loss expectations and stock up sharply in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down. The government is also catching on and playing the “better than expectations” game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived “pearl harbor effect")/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they’ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

(7-10-06) Blazing full moon and suckers’ bear market uptick in mixed market by the lunatic frauds on wall street to suck the suckers in; ie., dow up 12.88 points - the "miracle" of computerized manipulated trades, all very commissionable. Highly leveraged obfuscating mergers/acquisitions, very “commissionable”(investment bankers/brokers), and historically have more often than not ended quite badly; oil prices above $73; first quarter GDP revised upward according to government (who would have thunk it.....riiiiight!). Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven (ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived “pearl harbor effect")/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.) that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they’ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.
(7-7-06) Back to the (reality) future for the lunatic frauds on wall street as mergers/acquisitions obfuscation fails to suck enough suckers in and DOW gives back 134+ unwarranted, bloated sucker points. (7-6-06) analysis is apposite: (7-6-06) Tobacco rally (based upon throwing out a punitive damage award before assessment of and hence without reasonable relation to damage.....daaaaah!) spurs new market fraud “talking point” in this suckers’ bear market rally/”dead dog bounce” with dow up 73. Highly leveraged obfuscating mergers/acquisitions, very “commissionable”(investment bankers/brokers), and historically have more often than not ended quite badly; oil prices up still above $75; first quarter GDP revised upward according to government (who would have thunk it.....riiiiight!). Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly (and particularly with 62 point contraindicated rise). I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven (ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived “pearl harbor effect")/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.) that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they’ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.
(7-5-06) It’s always something! Riiiiight, as dow embraces reality with 76 point decline on higher volume. The bottom line is the catch-22 which is and remains that the defacto bankrupt u.s. is printing worthless paper (so much so that they’ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades. Highly leveraged obfuscating mergers/acquisitions, also very “commissionable”(investment bankers/brokers), and historically have more often than not ended quite badly; oil prices up above $75; unemployment claims up; first quarter GDP “revised” upward according to government (who would have thunk it.....riiiiight!)]. Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven (ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived “pearl harbor effect")/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.) that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight!
(7-3-06) No news [except GM sales down 25.9%, along with Ford and Chrysler, the ISM Index slipped to 53.8 in June (consensus 55.0) from 54.4 in May while construction spending declined 0.4% in May (consensus +0.2%) versus a 0.2% decline in April, just little things, etc.....riiiiight!] in shortened trading day on light volume. Lunatic frauds on wall street claim July 4th Independence of Reality Day celebration in continuation of suckers’ bear market rally to suck the suckers in. (6-30-06) analysis is apposite:
(6-30-06) Back to the (reality) future for the lunatic frauds on wall street as mergers/acquisitions obfuscation fails to suck enough suckers in and DOW gives back 40+ unwarranted, bloated sucker points as suckers’ bear market rally fails to hold and is opportunity for smart money to unload into the close [the new scam on previous trading day by the lunatic frauds on wall street, viz., expectation for 1/2percent fed increase (nothing to warrant that view) and 1/4percent relief rally, to suck the suckers in (the lunatic frauds on wall street call it “window dressing” for end of quarter numbers while reality would posit same as fraud in the inducement with Dow previously up 217 points - the "miracle" of computerized manipulated trades, all very commissionable on high volume). What Changed? Fed wording the same; Highly leveraged obfuscating mergers/acquisitions, also very “commissionable”(investment bankers/brokers), and historically have more often than not ended quite badly; oil prices up above $73; unemployment claims up; first quarter GDP revised upward according to government (who would have thunk it.....riiiiight!)]. Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly (and particularly with 62 point contraindicated rise). I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven (ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived “pearl harbor effect")/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.) that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they’ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.
(6-29-06) Suckers’ bear market rally with new scam by the lunatic frauds on wall street, viz., expectation for 1/2percent fed increase (nothing to warrant this view) and 1/4percent relief rally, to suck the suckers in (the lunatic frauds on wall street call it “window dressing” for end of quarter numbers while reality would posit same as fraud in the inducement). Dow up 217 points - the "miracle" of computerized manipulated trades, all very commissionable on high volume. What Changed? Fed wording the same; Highly leveraged obfuscating mergers/acquisitions, also very “commissionable”(investment bankers/brokers), and historically have more often than not ended quite badly; oil prices up above $73; unemployment claims up; first quarter GDP revised upward according to government (who would have thunk it.....riiiiight!). Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly (and particularly with 62 point contraindicated rise). I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven (ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived “pearl harbor effect")/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.) that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.
(6-28-06) Suckers’ bear market rally/”dead dog bounce” at and into the close by the lunatic frauds on wall street to suck the suckers in; ie., dow up 48 points - the "miracle" of computerized manipulated trades, all very commissionable on light volume. What Changed? Highly leveraged obfuscating mergers/acquisitions, also very “commissionable”(investment bankers/brokers), and historically have more often than not ended quite badly. Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven (ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived “pearl harbor effect")/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.) that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.
(6-27-06) Back to the (reality) future for the lunatic frauds on wall street as late credit card payments up 4.4 percent, more people dipping into savings accounts to make ends meet since the great depression, existing home sales down 1.2 percent, and mergers/acquisitions obfuscation fails to suck enough suckers in and DOW gives back 120 more undeserved, bloated sucker points. GM sees weaker auto market. Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven (ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived “pearl harbor effect")/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.) that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.
(6-26-06) Suckers’ bear market rally at and into the close by the lunatic frauds on wall street to suck the suckers in; ie., dow up 56 points - the "miracle" of computerized manipulated trades, all very commissionable on high volume. What changed? New house sales up 4.6 percent. What they don’t tell you is that same is down from prior year and more importantly, the sales prices were DOWN 4.3 percent. One home building company even predicted prospective weakness in earnings and still rallied. Mergers/acquisitions obfuscation also provides cover for the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down. Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven (ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived “pearl harbor effect")/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.) that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.
(6-23-06) Back to the (reality) future for the lunatic frauds on wall street as durable goods down greater than expected .3 percent and mergers/acquisitions obfuscation fails to suck enough suckers in and DOW gives back 30 more undeserved, bloated sucker points. Leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven (ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived “pearl harbor effect")/who ordered NORAD to stand down?/who were the short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.) that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

(6-22-06) Back to the (reality) future for the lunatic frauds on wall street as they grudgingly give back 60 plus undeserved, bloated sucker points on the DOW. Jobless claims rose 11,000 and more than expected to 308,000 while leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven (ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived “pearl harbor effect")/who ordered NORAD to stand down?/who were the short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.) that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

(6-21-06) Suckers’ bear market rally by the lunatic frauds on wall street to suck the suckers in; ie., dow up 104 points - the "miracle" of computerized manipulated trades, all very commissionable on high volume. What changed? One of their own frauds, morgan stanley/corrupt nothing company fedex?, mergers and acquisition activity to mask underlying weakness? GM debt rating lowered. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven (ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived “pearl harbor effect")/who ordered NORAD to stand down?/who were the short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.) that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down. This is a fraudulent "dead dog bounce" at best, despite a contraindicated reality and substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

(6-20-06) Typically false government numbers spur suckers’ market rally into the close as DOW ekes out 33 to the plus from negative territory. The precipitating factor was the false government report that housing unexpectedly (all forecasts to the contrary) rose 5% (building permits down 2.1%, and that’s also a stretch). What’s not reported is that the frauds in the government placed a disclaimer in the false government numbers that there was significant statistical error therein, complicit in the typical wall street fraud wherein fraud in the inducement and fraud in the factum are standard operating procedure in the fraudulent "alice-in-wonderland" lunatic world of wall street! I previously warned be very skeptical of up-coming government/collaborative/wall street data inasmuch as they are quite desperate and have proven (ie., illegal Iraq war/occupation, 911 attack/who ordered NORAD to stand down?/who were the short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.) that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down. This is a fraudulent "dead dog bounce" at best, despite a contraindicated reality and substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.



(6-19-06) Catching up with reality (there's still a long way to go) in the fraudulent "alice-in-wonderland" lunatic world of wall street! Be very skeptical of up-coming government/collaborative/wall street data inasmuch as they are quite desperate and have proven (ie., Iraq war, etc.) that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight!
Remember, the catch-22 is that the defacto bankrupt u.s. is printing worthless paper and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin' and hopin' to the contrary. Foreclosures up, housing down, contrived rally attempt near close to suck the suckers in fizzles as reality is all too real.
(6-16-06) Waning full moon and the lunatic frauds on wall street limp to the close to keep the suckers sucked in, despite reality. Quarterly trade deficit, though still substantial, supposedly narrows (must be the Japanese buying those “superior” american cars.....or americans buying domestic crude.....or americans slowing their hunger for record unsustainable credit to finance purchases, etc......riiiiight!). Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of government numbers. He is riiiiight! They “know all the tricks” and watch for coming week manipulation of closing positions to stay above/confirm“ technical benchmark/support levels” despite a contraindicated reality and substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day. Nothing can change the facts surrounding the “catch-22” that the defacto bankrupt u.s. is printing worthless paper and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin' and hopin' to the contrary.
Investors ignore warnings in volatile markets By Svea Herbst-Bayliss Sat Jun 17, 3:23 AM ET BOSTON (Reuters)
(6-15-06)Waning full moon and suckers’ bear market rally by the lunatic frauds on wall street to suck the suckers in; ie., dow up 198 points - the "miracle" of computerized manipulated trades, all very commissionable on high volume. What changed? Unemployment claims down 8,000 (government numbers), riiiiight! Industrial production down (except in New York, riiiiight!) (“great news” in the fraudulent "alice-in-wonderland" lunatic world of wall street). Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! “Prime market mover”, Bernanke says higher energy prices have contributed to higher inflation.....daaaaah! Nothing can change the facts surrounding the “catch-22” that the defacto bankrupt u.s. is printing worthless paper and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin' and hopin' to the contrary. This is a suckers' short-covering/suckers' bear market rally/"dead dog bounce" at best, despite a contraindicated reality and substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.
(6-14-06) Full Moon and the effect on the "alice-in-wonderland" lunatic world of wall street is clear as core inflation rate exceeds expectations but no problemo in the fraudulent "alice-in-wonderland" lunatic world of wall street! Remember: this is indisputably a secular bear market. Remember: this bull (s**t) cycle in this indisputable secular bear market has exceeded those historically where better fundamentals existed and is over. Remember: though heavily manipulated by computerized trades cognizant of same to the upside, reality has broken through all technical support levels to the unequivocal downside. Remember: this suckers' short-covering/suckers' bear market rally/"dead dog bounce" at best, despite a contraindicated reality and substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction

Anonymous writes:


(7-12-06) Full moon begins to wane and as if “Rosanne Rosannadana’s mother” has taken residence in the fraudulent "alice-in-wonderland" lunatic world of wall street, the realization is, IT’S ALWAYS SOMETHING! Riiiiight, as dow embraces reality with 121.59 point decline, nasdaq down 38.62, and s&p down 13.92, on higher volume. The bottom line is the catch-22 which is and remains that the defacto bankrupt u.s. is printing worthless paper (so much so that they’ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades. Highly leveraged obfuscating mergers/acquisitions, also very “commissionable”(investment bankers/brokers), and historically have more often than not ended quite badly; oil prices up above $75; unemployment claims up; first quarter GDP “revised” upward according to government (who would have thunk it.....riiiiight!)]. Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven (ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived “pearl harbor effect")/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.) that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight!
(7-11-06) Blazing full moon and suckers’ bear market rally into the close by the lunatic frauds on wall street to suck the suckers in; ie., dow up 31 points - the "miracle" of computerized manipulated trades, all very commissionable on 1.5 billion shares. What Changed? Highly leveraged obfuscating mergers/acquisitions, also very “commissionable”(investment bankers/brokers), and historically have more often than not ended quite badly; oil prices back up above $74; one company reporting a substantial loss said same was at the low end of loss expectations and stock up sharply in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down. The government is also catching on and playing the “better than expectations” game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived “pearl harbor effect")/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they’ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

(7-10-06) Blazing full moon and suckers’ bear market uptick in mixed market by the lunatic frauds on wall street to suck the suckers in; ie., dow up 12.88 points - the "miracle" of computerized manipulated trades, all very commissionable. Highly leveraged obfuscating mergers/acquisitions, very “commissionable”(investment bankers/brokers), and historically have more often than not ended quite badly; oil prices above $73; first quarter GDP revised upward according to government (who would have thunk it.....riiiiight!). Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven (ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived “pearl harbor effect")/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.) that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they’ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.
(7-7-06) Back to the (reality) future for the lunatic frauds on wall street as mergers/acquisitions obfuscation fails to suck enough suckers in and DOW gives back 134+ unwarranted, bloated sucker points. (7-6-06) analysis is apposite: (7-6-06) Tobacco rally (based upon throwing out a punitive damage award before assessment of and hence without reasonable relation to damage.....daaaaah!) spurs new market fraud “talking point” in this suckers’ bear market rally/”dead dog bounce” with dow up 73. Highly leveraged obfuscating mergers/acquisitions, very “commissionable”(investment bankers/brokers), and historically have more often than not ended quite badly; oil prices up still above $75; first quarter GDP revised upward according to government (who would have thunk it.....riiiiight!). Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly (and particularly with 62 point contraindicated rise). I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven (ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived “pearl harbor effect")/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.) that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they’ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.
(7-5-06) It’s always something! Riiiiight, as dow embraces reality with 76 point decline on higher volume. The bottom line is the catch-22 which is and remains that the defacto bankrupt u.s. is printing worthless paper (so much so that they’ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades. Highly leveraged obfuscating mergers/acquisitions, also very “commissionable”(investment bankers/brokers), and historically have more often than not ended quite badly; oil prices up above $75; unemployment claims up; first quarter GDP “revised” upward according to government (who would have thunk it.....riiiiight!)]. Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven (ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived “pearl harbor effect")/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.) that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight!
(7-3-06) No news [except GM sales down 25.9%, along with Ford and Chrysler, the ISM Index slipped to 53.8 in June (consensus 55.0) from 54.4 in May while construction spending declined 0.4% in May (consensus +0.2%) versus a 0.2% decline in April, just little things, etc.....riiiiight!] in shortened trading day on light volume. Lunatic frauds on wall street claim July 4th Independence of Reality Day celebration in continuation of suckers’ bear market rally to suck the suckers in. (6-30-06) analysis is apposite:
(6-30-06) Back to the (reality) future for the lunatic frauds on wall street as mergers/acquisitions obfuscation fails to suck enough suckers in and DOW gives back 40+ unwarranted, bloated sucker points as suckers’ bear market rally fails to hold and is opportunity for smart money to unload into the close [the new scam on previous trading day by the lunatic frauds on wall street, viz., expectation for 1/2percent fed increase (nothing to warrant that view) and 1/4percent relief rally, to suck the suckers in (the lunatic frauds on wall street call it “window dressing” for end of quarter numbers while reality would posit same as fraud in the inducement with Dow previously up 217 points - the "miracle" of computerized manipulated trades, all very commissionable on high volume). What Changed? Fed wording the same; Highly leveraged obfuscating mergers/acquisitions, also very “commissionable”(investment bankers/brokers), and historically have more often than not ended quite badly; oil prices up above $73; unemployment claims up; first quarter GDP revised upward according to government (who would have thunk it.....riiiiight!)]. Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly (and particularly with 62 point contraindicated rise). I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven (ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived “pearl harbor effect")/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.) that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they’ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.
(6-29-06) Suckers’ bear market rally with new scam by the lunatic frauds on wall street, viz., expectation for 1/2percent fed increase (nothing to warrant this view) and 1/4percent relief rally, to suck the suckers in (the lunatic frauds on wall street call it “window dressing” for end of quarter numbers while reality would posit same as fraud in the inducement). Dow up 217 points - the "miracle" of computerized manipulated trades, all very commissionable on high volume. What Changed? Fed wording the same; Highly leveraged obfuscating mergers/acquisitions, also very “commissionable”(investment bankers/brokers), and historically have more often than not ended quite badly; oil prices up above $73; unemployment claims up; first quarter GDP revised upward according to government (who would have thunk it.....riiiiight!). Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly (and particularly with 62 point contraindicated rise). I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven (ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived “pearl harbor effect")/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.) that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.
(6-28-06) Suckers’ bear market rally/”dead dog bounce” at and into the close by the lunatic frauds on wall street to suck the suckers in; ie., dow up 48 points - the "miracle" of computerized manipulated trades, all very commissionable on light volume. What Changed? Highly leveraged obfuscating mergers/acquisitions, also very “commissionable”(investment bankers/brokers), and historically have more often than not ended quite badly. Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven (ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived “pearl harbor effect")/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.) that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.
(6-27-06) Back to the (reality) future for the lunatic frauds on wall street as late credit card payments up 4.4 percent, more people dipping into savings accounts to make ends meet since the great depression, existing home sales down 1.2 percent, and mergers/acquisitions obfuscation fails to suck enough suckers in and DOW gives back 120 more undeserved, bloated sucker points. GM sees weaker auto market. Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven (ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived “pearl harbor effect")/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.) that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.
(6-26-06) Suckers’ bear market rally at and into the close by the lunatic frauds on wall street to suck the suckers in; ie., dow up 56 points - the "miracle" of computerized manipulated trades, all very commissionable on high volume. What changed? New house sales up 4.6 percent. What they don’t tell you is that same is down from prior year and more importantly, the sales prices were DOWN 4.3 percent. One home building company even predicted prospective weakness in earnings and still rallied. Mergers/acquisitions obfuscation also provides cover for the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down. Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven (ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived “pearl harbor effect")/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.) that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.
(6-23-06) Back to the (reality) future for the lunatic frauds on wall street as durable goods down greater than expected .3 percent and mergers/acquisitions obfuscation fails to suck enough suckers in and DOW gives back 30 more undeserved, bloated sucker points. Leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven (ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived “pearl harbor effect")/who ordered NORAD to stand down?/who were the short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.) that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

(6-22-06) Back to the (reality) future for the lunatic frauds on wall street as they grudgingly give back 60 plus undeserved, bloated sucker points on the DOW. Jobless claims rose 11,000 and more than expected to 308,000 while leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven (ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived “pearl harbor effect")/who ordered NORAD to stand down?/who were the short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.) that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

(6-21-06) Suckers’ bear market rally by the lunatic frauds on wall street to suck the suckers in; ie., dow up 104 points - the "miracle" of computerized manipulated trades, all very commissionable on high volume. What changed? One of their own frauds, morgan stanley/corrupt nothing company fedex?, mergers and acquisition activity to mask underlying weakness? GM debt rating lowered. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven (ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived “pearl harbor effect")/who ordered NORAD to stand down?/who were the short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.) that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down. This is a fraudulent "dead dog bounce" at best, despite a contraindicated reality and substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

(6-20-06) Typically false government numbers spur suckers’ market rally into the close as DOW ekes out 33 to the plus from negative territory. The precipitating factor was the false government report that housing unexpectedly (all forecasts to the contrary) rose 5% (building permits down 2.1%, and that’s also a stretch). What’s not reported is that the frauds in the government placed a disclaimer in the false government numbers that there was significant statistical error therein, complicit in the typical wall street fraud wherein fraud in the inducement and fraud in the factum are standard operating procedure in the fraudulent "alice-in-wonderland" lunatic world of wall street! I previously warned be very skeptical of up-coming government/collaborative/wall street data inasmuch as they are quite desperate and have proven (ie., illegal Iraq war/occupation, 911 attack/who ordered NORAD to stand down?/who were the short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.) that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down. This is a fraudulent "dead dog bounce" at best, despite a contraindicated reality and substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.



(6-19-06) Catching up with reality (there's still a long way to go) in the fraudulent "alice-in-wonderland" lunatic world of wall street! Be very skeptical of up-coming government/collaborative/wall street data inasmuch as they are quite desperate and have proven (ie., Iraq war, etc.) that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight!
Remember, the catch-22 is that the defacto bankrupt u.s. is printing worthless paper and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin' and hopin' to the contrary. Foreclosures up, housing down, contrived rally attempt near close to suck the suckers in fizzles as reality is all too real.
(6-16-06) Waning full moon and the lunatic frauds on wall street limp to the close to keep the suckers sucked in, despite reality. Quarterly trade deficit, though still substantial, supposedly narrows (must be the Japanese buying those “superior” american cars.....or americans buying domestic crude.....or americans slowing their hunger for record unsustainable credit to finance purchases, etc......riiiiight!). Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of government numbers. He is riiiiight! They “know all the tricks” and watch for coming week manipulation of closing positions to stay above/confirm“ technical benchmark/support levels” despite a contraindicated reality and substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day. Nothing can change the facts surrounding the “catch-22” that the defacto bankrupt u.s. is printing worthless paper and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin' and hopin' to the contrary.
Investors ignore warnings in volatile markets By Svea Herbst-Bayliss Sat Jun 17, 3:23 AM ET BOSTON (Reuters)
(6-15-06)Waning full moon and suckers’ bear market rally by the lunatic frauds on wall street to suck the suckers in; ie., dow up 198 points - the "miracle" of computerized manipulated trades, all very commissionable on high volume. What changed? Unemployment claims down 8,000 (government numbers), riiiiight! Industrial production down (except in New York, riiiiight!) (“great news” in the fraudulent "alice-in-wonderland" lunatic world of wall street). Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! “Prime market mover”, Bernanke says higher energy prices have contributed to higher inflation.....daaaaah! Nothing can change the facts surrounding the “catch-22” that the defacto bankrupt u.s. is printing worthless paper and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin' and hopin' to the contrary. This is a suckers' short-covering/suckers' bear market rally/"dead dog bounce" at best, despite a contraindicated reality and substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.
(6-14-06) Full Moon and the effect on the "alice-in-wonderland" lunatic world of wall street is clear as core inflation rate exceeds expectations but no problemo in the fraudulent "alice-in-wonderland" lunatic world of wall street! Remember: this is indisputably a secular bear market. Remember: this bull (s**t) cycle in this indisputable secular bear market has exceeded those historically where better fundamentals existed and is over. Remember: though heavily manipulated by computerized trades cognizant of same to the upside, reality has broken through all technical support levels to the unequivocal downside. Remember: this suckers' short-covering/suckers' bear market rally/"dead dog bounce" at best, despite a contraindicated reality and substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades. Recession Dead Ahead - James B. Stack, InvesTech Research. The catch-22 remains that the defacto bankrupt u.s. is printing worthless paper and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin' and hopin' to the contrary.
Yahoo Market “analysis”- 4:20 post meridiem : Notwithstanding validation that the Fed will have to keep raising rates to bring inflation rates down to what the Fed deems as acceptable, following a worrisome reading on core-CPI, the indices closed near their best levels of the day as a market due for a technical bounce attracted modest bargain hunting interest. The Dow, a day removed from turning negative on the year, t

Anonymous writes:


(7-12-06) Waning full moon and “Rosanne Rosannadana’s mother” has taken hold of the fraudulent "alice-in-wonderland" lunatic world of wall street where the realization is, IT’S ALWAYS SOMETHING! Riiiiight, as dow embraces reality with 166.89 point decline, nasdaq down 36.12, and s&p down 16.31, on higher volume. The bottom line is the catch-22 which is and remains that the defacto bankrupt u.s. is printing worthless paper (so much so that they’ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades. Highly leveraged obfuscating mergers/acquisitions, also very “commissionable”(investment bankers/brokers), and historically have more often than not ended quite badly; oil prices up above $76 at new record; unemployment claims up; first quarter GDP “revised” upward according to government (who would have thunk it.....riiiiight!)]. Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven (ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived “pearl harbor effect")/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.) that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight!
(7-13-06) The war criminal israelis’/americans’ induced global recession/depression is upon the world.
(7-12-06) Full moon begins to wane and as if “Rosanne Rosannadana’s mother” has taken residence in the fraudulent "alice-in-wonderland" lunatic world of wall street, the realization is, IT’S ALWAYS SOMETHING! Riiiiight, as dow embraces reality with 121.59 point decline, nasdaq down 38.62, and s&p down 13.92, on higher volume. The bottom line is the catch-22 which is and remains that the defacto bankrupt u.s. is printing worthless paper (so much so that they’ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades. Highly leveraged obfuscating mergers/acquisitions, also very “commissionable”(investment bankers/brokers), and historically have more often than not ended quite badly; oil prices up above $75; unemployment claims up; first quarter GDP “revised” upward according to government (who would have thunk it.....riiiiight!)]. Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven (ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived “pearl harbor effect")/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.) that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight!
(7-11-06) Blazing full moon and suckers’ bear market rally into the close by the lunatic frauds on wall street to suck the suckers in; ie., dow up 31 points - the "miracle" of computerized manipulated trades, all very commissionable on 1.5 billion shares. What Changed? Highly leveraged obfuscating mergers/acquisitions, also very “commissionable”(investment bankers/brokers), and historically have more often than not ended quite badly; oil prices back up above $74; one company reporting a substantial loss said same was at the low end of loss expectations and stock up sharply in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down. The government is also catching on and playing the “better than expectations” game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived “pearl harbor effect")/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they’ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

(7-10-06) Blazing full moon and suckers’ bear market uptick in mixed market by the lunatic frauds on wall street to suck the suckers in; ie., dow up 12.88 points - the "miracle" of computerized manipulated trades, all very commissionable. Highly leveraged obfuscating mergers/acquisitions, very “commissionable”(investment bankers/brokers), and historically have more often than not ended quite badly; oil prices above $73; first quarter GDP revised upward according to government (who would have thunk it.....riiiiight!). Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven (ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived “pearl harbor effect")/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.) that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they’ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.
(7-7-06) Back to the (reality) future for the lunatic frauds on wall street as mergers/acquisitions obfuscation fails to suck enough suckers in and DOW gives back 134+ unwarranted, bloated sucker points. (7-6-06) analysis is apposite: (7-6-06) Tobacco rally (based upon throwing out a punitive damage award before assessment of and hence without reasonable relation to damage.....daaaaah!) spurs new market fraud “talking point” in this suckers’ bear market rally/”dead dog bounce” with dow up 73. Highly leveraged obfuscating mergers/acquisitions, very “commissionable”(investment bankers/brokers), and historically have more often than not ended quite badly; oil prices up still above $75; first quarter GDP revised upward according to government (who would have thunk it.....riiiiight!). Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly (and particularly with 62 point contraindicated rise). I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven (ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived “pearl harbor effect")/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.) that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they’ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.
(7-5-06) It’s always something! Riiiiight, as dow embraces reality with 76 point decline on higher volume. The bottom line is the catch-22 which is and remains that the defacto bankrupt u.s. is printing worthless paper (so much so that they’ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades. Highly leveraged obfuscating mergers/acquisitions, also very “commissionable”(investment bankers/brokers), and historically have more often than not ended quite badly; oil prices up above $75; unemployment claims up; first quarter GDP “revised” upward according to government (who would have thunk it.....riiiiight!)]. Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven (ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived “pearl harbor effect")/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.) that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight!
(7-3-06) No news [except GM sales down 25.9%, along with Ford and Chrysler, the ISM Index slipped to 53.8 in June (consensus 55.0) from 54.4 in May while construction spending declined 0.4% in May (consensus +0.2%) versus a 0.2% decline in April, just little things, etc.....riiiiight!] in shortened trading day on light volume. Lunatic frauds on wall street claim July 4th Independence of Reality Day celebration in continuation of suckers’ bear market rally to suck the suckers in. (6-30-06) analysis is apposite:
(6-30-06) Back to the (reality) future for the lunatic frauds on wall street as mergers/acquisitions obfuscation fails to suck enough suckers in and DOW gives back 40+ unwarranted, bloated sucker points as suckers’ bear market rally fails to hold and is opportunity for smart money to unload into the close [the new scam on previous trading day by the lunatic frauds on wall street, viz., expectation for 1/2percent fed increase (nothing to warrant that view) and 1/4percent relief rally, to suck the suckers in (the lunatic frauds on wall street call it “window dressing” for end of quarter numbers while reality would posit same as fraud in the inducement with Dow previously up 217 points - the "miracle" of computerized manipulated trades, all very commissionable on high volume). What Changed? Fed wording the same; Highly leveraged obfuscating mergers/acquisitions, also very “commissionable”(investment bankers/brokers), and historically have more often than not ended quite badly; oil prices up above $73; unemployment claims up; first quarter GDP revised upward according to government (who would have thunk it.....riiiiight!)]. Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly (and particularly with 62 point contraindicated rise). I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven (ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived “pearl harbor effect")/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.) that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they’ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.
(6-29-06) Suckers’ bear market rally with new scam by the lunatic frauds on wall street, viz., expectation for 1/2percent fed increase (nothing to warrant this view) and 1/4percent relief rally, to suck the suckers in (the lunatic frauds on wall street call it “window dressing” for end of quarter numbers while reality would posit same as fraud in the inducement). Dow up 217 points - the "miracle" of computerized manipulated trades, all very commissionable on high volume. What Changed? Fed wording the same; Highly leveraged obfuscating mergers/acquisitions, also very “commissionable”(investment bankers/brokers), and historically have more often than not ended quite badly; oil prices up above $73; unemployment claims up; first quarter GDP revised upward according to government (who would have thunk it.....riiiiight!). Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly (and particularly with 62 point contraindicated rise). I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven (ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived “pearl harbor effect")/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.) that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.
(6-28-06) Suckers’ bear market rally/”dead dog bounce” at and into the close by the lunatic frauds on wall street to suck the suckers in; ie., dow up 48 points - the "miracle" of computerized manipulated trades, all very commissionable on light volume. What Changed? Highly leveraged obfuscating mergers/acquisitions, also very “commissionable”(investment bankers/brokers), and historically have more often than not ended quite badly. Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven (ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived “pearl harbor effect")/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.) that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.
(6-27-06) Back to the (reality) future for the lunatic frauds on wall street as late credit card payments up 4.4 percent, more people dipping into savings accounts to make ends meet since the great depression, existing home sales down 1.2 percent, and mergers/acquisitions obfuscation fails to suck enough suckers in and DOW gives back 120 more undeserved, bloated sucker points. GM sees weaker auto market. Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven (ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived “pearl harbor effect")/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.) that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.
(6-26-06) Suckers’ bear market rally at and into the close by the lunatic frauds on wall street to suck the suckers in; ie., dow up 56 points - the "miracle" of computerized manipulated trades, all very commissionable on high volume. What changed? New house sales up 4.6 percent. What they don’t tell you is that same is down from prior year and more importantly, the sales prices were DOWN 4.3 percent. One home building company even predicted prospective weakness in earnings and still rallied. Mergers/acquisitions obfuscation also provides cover for the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down. Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven (ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived “pearl harbor effect")/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.) that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.
(6-23-06) Back to the (reality) future for the lunatic frauds on wall street as durable goods down greater than expected .3 percent and mergers/acquisitions obfuscation fails to suck enough suckers in and DOW gives back 30 more undeserved, bloated sucker points. Leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven (ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived “pearl harbor effect")/who ordered NORAD to stand down?/who were the short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.) that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

(6-22-06) Back to the (reality) future for the lunatic frauds on wall street as they grudgingly give back 60 plus undeserved, bloated sucker points on the DOW. Jobless claims rose 11,000 and more than expected to 308,000 while leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven (ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived “pearl harbor effect")/who ordered NORAD to stand down?/who were the short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.) that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

(6-21-06) Suckers’ bear market rally by the lunatic frauds on wall street to suck the suckers in; ie., dow up 104 points - the "miracle" of computerized manipulated trades, all very commissionable on high volume. What changed? One of their own frauds, morgan stanley/corrupt nothing company fedex?, mergers and acquisition activity to mask underlying weakness? GM debt rating lowered. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven (ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived “pearl harbor effect")/who ordered NORAD to stand down?/who were the short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.) that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down. This is a fraudulent "dead dog bounce" at best, despite a contraindicated reality and substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

(6-20-06) Typically false government numbers spur suckers’ market rally into the close as DOW ekes out 33 to the plus from negative territory. The precipitating factor was the false government report that housing unexpectedly (all forecasts to the contrary) rose 5% (building permits down 2.1%, and that’s also a stretch). What’s not reported is that the frauds in the government placed a disclaimer in the false government numbers that there was significant statistical error therein, complicit in the typical wall street fraud wherein fraud in the inducement and fraud in the factum are standard operating procedure in the fraudulent "alice-in-wonderland" lunatic world of wall street! I previously warned be very skeptical of up-coming government/collaborative/wall street data inasmuch as they are quite desperate and have proven (ie., illegal Iraq war/occupation, 911 attack/who ordered NORAD to stand down?/who were the short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.) that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down. This is a fraudulent "dead dog bounce" at best, despite a contraindicated reality and substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.



(6-19-06) Catching up with reality (there's still a long way to go) in the fraudulent "alice-in-wonderland" lunatic world of wall street! Be very skeptical of up-coming government/collaborative/wall street data inasmuch as they are quite desperate and have proven (ie., Iraq war, etc.) that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight!
Remember, the catch-22 is that the defacto bankrupt u.s. is printing worthless paper and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin' and hopin' to the contrary. Foreclosures up, housing down, contrived rally attempt near close to suck the suckers in fizzles as reality is all too real.
(6-16-06) Waning full moon and the lunatic frauds on wall street limp to the close to keep the suckers sucked in, despite reality. Quarterly trade deficit, though still substantial, supposedly narrows (must be the Japanese buying those “superior” american cars.....or americans buying domestic crude.....or americans slowing their hunger for record unsustainable credit to finance purchases, etc......riiiiight!). Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of government numbers. He is riiiiight! They “know all the tricks” and watch for coming week manipulation of closing positions to stay above/confirm“ technical benchmark/support levels” despite a contraindicated reality and substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day. Nothing can change the facts surrounding the “catch-22” that the defacto bankrupt u.s. is printing worthless paper and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin' and hopin' to the contrary.
Investors ignore warnings in volatile markets By Svea Herbst-Bayliss Sat Jun 17, 3:23 AM ET BOSTON (Reuters)
(6-15-06)Waning full moon and suckers’ bear market rally by the lunatic frauds on wall street to suck the suckers in; ie., dow up 198 points - the "miracle" of computerized manipulated trades, all very commissionable on high volume. What changed? Unemployment claims down 8,000 (government numbers), riiiiight! Industrial production down (except in New York, riiiiight!) (“great news” in the fraudulent "alice-in-wonderland" lunatic world of wall street). Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! “Prime market mover”, Bernanke says higher energy prices have contributed to higher inflation.....daaaaah! Nothing can change the facts surrounding the “catch-22” that the defacto bankrupt u.s. is printing worthless paper and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin' and hopin' to the contrary. This is a suckers' short-covering/suckers' bear market rally/"dead dog bounce" at best, despite a contraindicated reality and substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.
(6-14-06) Full Moon and the effect on the "alice-in-wonderland" lunatic world of wall street is clear as core inflation rate exceeds expectations but no problemo in the fraudulent "alice-in-wonderland" lunatic world of wall street! Remember: this is indisputably a secular bear market. Remember: this bull (s**t) cycle in this indisputable secular bear market has exceeded those historically where better fundamentals existed and is over. Remember: though heavily manipulated by computerized trades cognizant of same to the upside, reality has broken through all technical support levels to the unequivocal downside. Remember: this suckers' short-covering/suckers' bear market rally/"dead dog bounce" at best, despite a contraindicated reality and substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades. Recession Dead Ahead - James B. Stack, InvesTech Research. The catch-22 remains that the defacto bankrupt u.s. is printing worthless paper and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin' and hopin' to the contrary.
Yahoo Market “analysis”- 4:20 post meridiem : Notwithstanding validation that the Fed will have to keep raising rates to bring inflation rates down to what the Fed deems as acceptable, following a worrisome reading on core-CPI, the indices closed near their best levels of the day as a market due for a technical bounce attracted modest bargain hunting interest. The Dow, a day removed from turning negative on the year, turned in the day's best performance among the majors, gaining 110 points and ending up 1.0%.
Weak Rally A Chance To Hedge With Shorts (Investor's Business Daily)(or sell, at best).
(6-13-06) Full Moon and catching up with reality (there's still a long way to go) in the fraudulent "alice-in-wonderland" lunatic world of wall street! Be very skeptical of up-coming government/colaborative data inasmuch as they are quite desperate and have proven (ie., Iraq war, etc.) that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight!
Remember, the catch-22 is that the defacto bankrupt u.s. is printing worthless paper and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin' and hopin' to the contrary.
Global equity meltdown costs investors $2 trillion.....
(6-09-06) (6-12-06) Catching up with reality (there's a long way to go) in the fraudulent "alice-in-wonderland" lunatic world of wall street! Be very skeptical of up-coming government/colaborative data inasmuch as they are quite desperate and have proven (ie., Iraq war, etc.) that the truth is no obstacle when falsity is expedient. Blue Chip forecasters raise U.S. inflation outlook
Get Ready For $100 Oil and $1,600 Gold-Curtis Hesler,
Professional Timing Service 06.09.06, 11:50 AM ET/forbes.com
G-8 Ministers Warn of Rising Energy Prices
Cleveland Fed President Pianalto, a voting member of the monetary policy committee, saying the rate of inflation "exceeds my comfort level" echoed Bernanke's worries(6-12-06)

(6-8-06) Suckers’ rally into the close by the lunatic frauds on wall street to suck the suckers in; ie., dow up 183 points in less than 3 hours - the "miracle" of computerized manipulated trades, all very commissionable on volume of 2.4 billion shares. What changed? Unemployment claims down 25,000 (in holiday shortened week), riiiiight!
Zarkawi killed (less than 3-10% of the "terrorists" are from outside Iraq, and Zarkawi had already lost favor owing to his anti-Shiite bent and some even opine that the deal-$25 million worth- was done as was Zarkawi pre-bombing, he did look pretty good for post two 500 pound direct hit bombs, and will be or already has been eagerly replaced), riiiiight! This suckers' uptick/suckers' market rally/"dead dog bounce" despite a contraindicated reality and substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Recession Dead Ahead - James B. Stack, InvesTech Research. The catch-22 remains that the defacto bankrupt u.s. is printing worthless paper and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin' and hopin' to the contrary.

(6-07-06) Catching up with reality (there's a long way to go) in the fraudulent "alice-in-wonderland" lunatic world of wall street!
(06-06-06) Suckers’ rally into the close by the lunatic frauds on wall street to suck the suckers in; they “know all the tricks” and manipulate the closing positions to stay above the superstitious 11,000 “ technical benchmark/support level” (down 46 on the dow) despite a contraindicated reality and substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day. The bull (s**t) cycle in this indisputable secular bear market is over. Recession Dead Ahead
James B. Stack, InvesTech Research 06.06.06, 6:30 PM ET
(6-5-06) Reality sets in despite the "blame game". (6-2-06) Jobs data falls far short as 75,000 (not expected 175,000) are created and 1st quarter job numbers revised downward, along with ..... unemployment now at ..... 4.6% .....riiiiight; but no problemo in the "alice-in-wonderland" lunatic world of wall street where bad news is good news as weak data spurs suckers market rally/"dead dog bounce" in s&p. Lou Dobbs who gets paid a lot of money to keep track of such things doubts the verity of the government numbers. He is riiiiight! Oil backabove $72 and housing

Anonymous writes:


(7-14-06) Waning full moon and “Rosanne Rosannadana’s mother” has taken control of the fraudulent "alice-in-wonderland" lunatic world of wall street where the realization is, IT’S ALWAYS SOMETHING! Riiiiight, as dow embraces reality with 106.94 point decline, nasdaq down 16.76, and s&p down 6.09, on higher volume. However, reiteration of facts and reality indicates further substantial downside bias. Specifically, consumer confidence is appropriately down; dollar substantially overvalued; u.s. saving rate negative; home refinance equity depleted/spent/gone and here come the foreclosures of no equity properties on falling prices which has begun; companies lowering expectations for second half; ge non-gov’t contract industrial product sales down; etc. The bottom line is the catch-22 which is and remains that the defacto bankrupt u.s. is printing worthless paper (so much so that they’ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades. Highly leveraged obfuscating mergers/acquisitions, also very “commissionable”(investment bankers/brokers), and historically have more often than not ended quite badly; oil prices up above $77 at new record; unemployment claims up; first quarter GDP “revised” upward according to government (who would have thunk it.....riiiiight!)]. Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven (ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived “pearl harbor effect")/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.) that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight!
US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)
The United States is heading for bankruptcy, according to an extraordinary paper published by one of the key members of the country's central bank.
A ballooning budget deficit and a pensions and welfare timebomb could send the economic superpower into insolvency, according to research by Professor Laurence Kotlikoff for the Federal Reserve Bank of St Louis, a leading constituent of the US Federal Reserve.
Prof Kotlikoff said that, by some measures, the US is already bankrupt. "To paraphrase the Oxford English Dictionary, is the United States at the end of its resources, exhausted, stripped bare, destitute, bereft, wanting in property, or wrecked in consequence of failure to pay its creditors," he asked.
According to his central analysis, "the US government is, indeed, bankrupt, insofar as it will be unable to pay its creditors, who, in this context, are current and future generations to whom it has explicitly or implicitly promised future net payments of various kinds''.
The budget deficit in the US is not massive. The Bush administration this week cut its forecasts for the fiscal shortfall this year by almost a third, saying it will come in at 2.3pc of gross domestic product. This is smaller than most European countries - including the UK - which have deficits north of 3pc of GDP.
Prof Kotlikoff, who teaches at Boston University, says: "The proper way to consider a country's solvency is to examine the lifetime fiscal burdens facing current and future generations. If these burdens exceed the resources of those generations, get close to doing so, or simply get so high as to preclude their full collection, the country's policy will be unsustainable and can constitute or lead to national bankruptcy.
"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."
Experts have calculated that the country's long-term "fiscal gap" between all future government spending and all future receipts will widen immensely as the Baby Boomer generation retires, and as the amount the state will have to spend on healthcare and pensions soars. The total fiscal gap could be an almost incomprehensible $65.9 trillion, according to a study by Professors Gokhale and Smetters.
The figure is massive because President George W Bush has made major tax cuts in recent years, and because the bill for Medicare, which provides health insurance for the elderly, and Medicaid, which does likewise for the poor, will increase greatly due to demographics.
Prof Kotlikoff said: "This figure is more than five times US GDP and almost twice the size of national wealth. One way to wrap one's head around $65.9trillion is to ask what fiscal adjustments are needed to eliminate this red hole. The answers are terrifying. One solution is an immediate and permanent doubling of personal and corporate income taxes. Another is an immediate and permanent two-thirds cut in Social Security and Medicare benefits. A third alternative, were it feasible, would be to immediately and permanently cut all federal discretionary spending by 143pc."
The scenario has serious implications for the dollar. If investors lose confidence in the US's future, and suspect the country may at some point allow inflation to erode away its debts, they may reduce their holdings of US Treasury bonds.
Prof Kotlikoff said: "The United States has experienced high rates of inflation in the past and appears to be running the same type of fiscal policies that engendered hyperinflations in 20 countries over the past century."
UPDATE - Two former NYSE traders found guilty of fraud
Stock market staggers, but investors still may be too optimistic
Commentary: Newsletters react to stock markets' losing week
By Peter Brimelow, MarketWatch 12:04 AM ET Jul 17, 2006
Investors may still be too optimistic
NEW YORK (MarketWatch) -- First, a proprietary word: on Friday night, the Hulbert Stock Newsletter Sentiment Index (HSNSI), which reflects the average recommended stock market exposure among a subset of short-term market timing newsletters tracked by the Hulbert Financial Digest, stood at plus-23.8%. This was certainly below the 31.4% it showed on Tuesday night, when Mark Hulbert worried, presciently we must say, that it was too strong from a contrary opinion point of view. But it's still above its 12.6% reading at end of June, although, Mark pointed out, the stock market had declined in the interim. And since Mark wrote, the Dow Jones Industrial Average has had three triple-digit down days.
Not good.
Dow Theory Letters' Richard Russell wrote Friday morning: "If the Dow breaks support at 10,760, I think we could have some nasty action, even some crash-type action." But, perhaps significantly, Russell did not quite hit the panic button when the Dow did indeed close at 10,739 Friday night.
He simply remarked, supporting the contrary opinion view: "Three days in a row with the Dow down over 100 points each day -- you don't see that very often. But still no signs of real fear, no capitulation, no panic -- just down, down, and down. The key consideration here is that there is still no sign of big money coming into this market. In fact, the big money has been leaving this market all year. ... The longer the market continues down with

Anonymous writes:


(7-21-06) Reality and greed are extent as fraudulent wall street scam/con warrants selling manipulated July 19 gains which were based upon absolutely nothing; earnings disappointments; indictments handed down for stock options fraud; oil prices up to close at $74.43; interest rates up, dollar down, and dow loses 59 points in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down. Indeed, the globally negative strife in the Middle East has become old news despite no end in sight and a substantial negative effect on criminal america through their surrogate terrorist nation/operative israel. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the “better than expectations” game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived “pearl harbor effect")/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they’ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.
US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)
The United States is heading for bankruptcy, according to an extraordinary paper published by one of the key members of the country's central bank.
A ballooning budget deficit and a pensions and welfare timebomb could send the economic superpower into insolvency, according to research by Professor Laurence Kotlikoff for the Federal Reserve Bank of St Louis, a leading constituent of the US Federal Reserve.
Prof Kotlikoff said that, by some measures, the US is already bankrupt. "To paraphrase the Oxford English Dictionary, is the United States at the end of its resources, exhausted, stripped bare, destitute, bereft, wanting in property, or wrecked in consequence of failure to pay its creditors," he asked.
According to his central analysis, "the US government is, indeed, bankrupt, insofar as it will be unable to pay its creditors, who, in this context, are current and future generations to whom it has explicitly or implicitly promised future net payments of various kinds''.
The budget deficit in the US is not massive. The Bush administration this week cut its forecasts for the fiscal shortfall this year by almost a third, saying it will come in at 2.3pc of gross domestic product. This is smaller than most European countries - including the UK - which have deficits north of 3pc of GDP.
Prof Kotlikoff, who teaches at Boston University, says: "The proper way to consider a country's solvency is to examine the lifetime fiscal burdens facing current and future generations. If these burdens exceed the resources of those generations, get close to doing so, or simply get so high as to preclude their full collection, the country's policy will be unsustainable and can constitute or lead to national bankruptcy.
"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."
Experts have calculated that the country's long-term "fiscal gap" between all future government spending and all future receipts will widen immensely as the Baby Boomer generation retires, and as the amount the state will have to spend on healthcare and pensions soars. The total fiscal gap could be an almost incomprehensible $65.9 trillion, according to a study by Professors Gokhale and Smetters.
The figure is massive because President George W Bush has made major tax cuts in recent years, and because the bill for Medicare, which provides health insurance for the elderly, and Medicaid, which does likewise for the poor, will increase greatly due to demographics.
Prof Kotlikoff said: "This figure is more than five times US GDP and almost twice the size of national wealth. One way to wrap one's head around $65.9trillion is to ask what fiscal adjustments are needed to eliminate this red hole. The answers are terrifying. One solution is an immediate and permanent doubling of personal and corporate income taxes. Another is an immediate and permanent two-thirds cut in Social Security and Medicare benefits. A third alternative, were it feasible, would be to immediately and permanently cut all federal discretionary spending by 143pc."
The scenario has serious implications for the dollar. If investors lose confidence in the US's future, and suspect the country may at some point allow inflation to erode away its debts, they may reduce their holdings of US Treasury bonds.
Prof Kotlikoff said: "The United States has experienced high rates of inflation in the past and appears to be running the same type of fiscal policies that engendered hyperinflations in 20 countries over the past century."
UPDATE - Two former NYSE traders found guilty of fraud
Stock market staggers, but investors still may be too optimistic
Commentary: Newsletters react to stock markets' losing week
By Peter Brimelow, MarketWatch 12:04 AM ET Jul 17, 2006
Investors may still be too optimistic
NEW YORK (MarketWatch) -- First, a proprietary word: on Friday night, the Hulbert Stock Newsletter Sentiment Index (HSNSI), which reflects the average recommended stock market exposure among a subset of short-term market timing newsletters tracked by the Hulbert Financial Digest, stood at plus-23.8%. This was certainly below the 31.4% it showed on Tuesday night, when Mark Hulbert worried, presciently we must say, that it was too strong from a contrary opinion point of view. But it's still above its 12.6% reading at end of June, although, Mark pointed out, the stock market had declined in the interim. And since Mark wrote, the Dow Jones Industrial Average has had three triple-digit down days.
Not good.
Dow Theory Letters' Richard Russell wrote Friday morning: "If the Dow breaks support at 10,760, I think we could have some nasty action, even some crash-type action." But, perhaps significantly, Russell did not quite hit the panic button when the Dow did indeed close at 10,739 Friday night.
He simply remarked, supporting the contrary opinion view: "Three days in a row with the Dow down over 100 points each day -- you don't see that very often. But still no signs of real fear, no capitulation, no panic -- just down, down, and down. The key consideration here is that there is still no sign of big money coming into this market. In fact, the big money has been leaving this market all year. ... The longer the market continues down without a panic decline, the worse the ultimate panic will be when it arrives."
What is Wrong with the Stock Market?
Dr. Khaled Batarfi

John D. Rockefeller was once asked why he decided to sell all his stocks just months before the 1929 Wall Street Crash. He explained: One morning, I was on the way to my office and stopped to have my shoes polished. The guy asked my advice about the shares he bought. If people with this kind of talent were now playing the market, I knew there was something wrong.....

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006
WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):
July 17 July 14 (respectively)
Fed acct 4.087 4.935
Tax/loan note acct 10.502 10.155
Cash balance 14.589 15.192
National debt,
subject to limit 8,311.633 8,323.084
The statutory debt limit is $8.965 trillion.
The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.
Fed's Bernanke still sees inflation risks, but of course inasmuch as the worthless dollar is worth less by the day, with higher interest rates the only way to combat same in light of intransigent structural economic realities.
(7-20-06) Reality and greed are extent as fraudulent wall street scam/con warrants selling manipulated previous day’s gains based upon absolutely nothing; ford reports $123 million loss, more cuts; indictments handed down for stock options fraud; oil prices up to close at $73.08; interest rates up, dollar down, and dow loses 83 in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down. Indeed, the globally negative strife in the Middle East has become old news despite no

Anonymous writes:


(7-28-06) Suckers’ bear market rally by the lunatic frauds on wall street to suck the suckers in; ie., dow up 119 points - the "miracle" of computerized manipulated trades. What Changed? GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland" lunatic world of wall street is of course good news, even as that closely watched core CPI inflation rate exceeded expectations at 2.9%. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it’s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very “commissionable”(investment bankers/brokers), and historically have more often than not ended quite badly; oil prices still above $73; yes, as in the last crash, ‘they will get fooled again’ as stocks up sharply in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the “pundits/analysts” are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley(who also says that in Europe bush’s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the “better than expectations” game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived “pearl harbor effect")/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they’ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.
US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)
The United States is heading for bankruptcy, according to an extraordinary paper published by one of the key members of the country's central bank.
A ballooning budget deficit and a pensions and welfare timebomb could send the economic superpower into insolvency, according to research by Professor Laurence Kotlikoff for the Federal Reserve Bank of St Louis, a leading constituent of the US Federal Reserve.
Prof Kotlikoff said that, by some measures, the US is already bankrupt. "To paraphrase the Oxford English Dictionary, is the United States at the end of its resources, exhausted, stripped bare, destitute, bereft, wanting in property, or wrecked in consequence of failure to pay its creditors," he asked.
According to his central analysis, "the US government is, indeed, bankrupt, insofar as it will be unable to pay its creditors, who, in this context, are current and future generations to whom it has explicitly or implicitly promised future net payments of various kinds''.
The budget deficit in the US is not massive. The Bush administration this week cut its forecasts for the fiscal shortfall this year by almost a third, saying it will come in at 2.3pc of gross domestic product. This is smaller than most European countries - including the UK - which have deficits north of 3pc of GDP.
Prof Kotlikoff, who teaches at Boston University, says: "The proper way to consider a country's solvency is to examine the lifetime fiscal burdens facing current and future generations. If these burdens exceed the resources of those generations, get close to doing so, or simply get so high as to preclude their full collection, the country's policy will be unsustainable and can constitute or lead to national bankruptcy.
"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."
Experts have calculated that the country's long-term "fiscal gap" between all future government spending and all future receipts will widen immensely as the Baby Boomer generation retires, and as the amount the state will have to spend on healthcare and pensions soars. The total fiscal gap could be an almost incomprehensible $65.9 trillion, according to a study by Professors Gokhale and Smetters.
The figure is massive because President George W Bush has made major tax cuts in recent years, and because the bill for Medicare, which provides health insurance for the elderly, and Medicaid, which does likewise for the poor, will increase greatly due to demographics.
Prof Kotlikoff said: "This figure is more than five times US GDP and almost twice the size of national wealth. One way to wrap one's head around $65.9trillion is to ask what fiscal adjustments are needed to eliminate this red hole. The answers are terrifying. One solution is an immediate and permanent doubling of personal and corporate income taxes. Another is an immediate and permanent two-thirds cut in Social Security and Medicare benefits. A third alternative, were it feasible, would be to immediately and permanently cut all federal discretionary spending by 143pc."
The scenario has serious implications for the dollar. If investors lose confidence in the US's future, and suspect the country may at some point allow inflation to erode away its debts, they may reduce their holdings of US Treasury bonds.
Prof Kotlikoff said: "The United States has experienced high rates of inflation in the past and appears to be running the same type of fiscal policies that engendered hyperinflations in 20 countries over the past century."
UPDATE - Two former NYSE traders found guilty of fraud
Stock market staggers, but investors still may be too optimistic
Commentary: Newsletters react to stock markets' losing week
By Peter Brimelow, MarketWatch 12:04 AM ET Jul 17, 2006
Investors may still be too optimistic
NEW YORK (MarketWatch) -- First, a proprietary word: on Friday night, the Hulbert Stock Newsletter Sentiment Index (HSNSI), which reflects the average recommended stock market exposure among a subset of short-term market timing newsletters tracked by the Hulbert Financial Digest, stood at plus-23.8%. This was certainly below the 31.4% it showed on Tuesday night, when Mark Hulbert worried, presciently we must say, that it was too strong from a contrary opinion point of view. But it's still above its 12.6% reading at end of June, although, Mark pointed out, the stock market had declined in the interim. And since Mark wrote, the Dow Jones Industrial Average has had three triple-digit down days.
Not good.
Dow Theory Letters' Richard Russell wrote Friday morning: "If the Dow breaks support at 10,760, I think we could have some nasty action, even some crash-type action." But, perhaps significantly, Russell did not quite hit the panic button when the Dow did indeed close at 10,739 Friday night.
He simply remarked, supporting the contrary opinion view: "Three days in a row with the Dow down over 100 points each day -- you don't see that very often. But still no signs of real fear, no capitulation, no panic -- just down, down, and down. The key consideration here is that there is still no sign of big money coming into this market. In fact, the big money has been leaving this market all year. ... The longer the market continues down without a panic decline, the worse the ultimate panic will be when it arrives."
What is Wrong with the Stock Market?
Dr. Khaled Batarfi

John D. Rockefeller was once asked why he decided to sell all his stocks just months before the 1929 Wall Street Crash. He explained: One morning, I was on the way to my office and stopped to have my shoes polished. The guy asked my advice about the shares he bought. If people with this kind of talent were now playing the market, I knew there was something wrong.....

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006
WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):
July 17 July 14 (respectively)
Fed acct 4.087 4.935
Tax/loan note acct 10.502 10.155
Cash balance 14.589 15.192
National debt,
subject to limit 8,311.633 8,323.084
The statutory debt limit is $8.965 trillion.
The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.
Fed's Bernanke still sees inflation risks, but of course inasmuch as the worthless dollar is worth less by the day, with higher interest rates the only way to combat same in light of intransigent structural economic realities.

(7-27-06) Early suckers bear market ralley fizzles as lunatic frauds on wall street try and fail to keep the fraud rollin'; but no cigar this day as reality and greed figure prominently as dow finishes marginally down 2.08 points, S&P 500 down 5.20, and nasdaq down 15.99. oil prices up; dollar down; highly leveraged obfuscating mergers/acquisitions, also very “commissionable” (investment bankers/brokers), and historically have more often than not ended quite badly; interest rates up; corporate welfare (gov’t contracts) recipients up. Oil company profits up which is just terrific for the economy say oily men cheney, bush and co. Sales of New Homes Decline in June and inventories up. In June, sales were weak in every section of the country except the West where there are more crazy people and illegal immigrants/domestic terrorists (I still don't believe the bubble market figures regarding this admittedly lagging indicator but the shakeout is coming), which posted an 8.2 percent increase after a decline of 7.3 percent in May. Sales fell 11.3 percent in the Northeast and were down 7.9 percent in the Midwest and 6 percent in the South.Yes, as in the last crash, ‘they will get fooled again’ as stocks defying reality and only marginally down in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the “pundits/analysts” are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley (who also says that in Europe bush’s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the “better than expectations” game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived “pearl harbor effect")/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they’ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.
US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)
The United States is heading for bankruptcy, according to an extraordinary paper published by one of the key members of the country's central bank.
A ballooning budget deficit and a pensions and welfare timebomb could send the economic superpower into insolvency, according to research by Professor Laurence Kotlikoff for the Federal Reserve Bank of St Louis, a leading constituent of the US Federal Reserve.
Prof Kotlikoff said that, by some measures, the US is already bankrupt. "To paraphrase the Oxford English Dictionary, is the United States at the end of its resources, exhausted, stripped bare, destitute, bereft, wanting in property, or wrecked in consequence of failure to pay its creditors," he asked.
According to his central analysis, "the US government is, indeed, bankrupt, insofar as it will be unable to pay its creditors, who, in this context, are current and future generations to whom it has explicitly or implicitly promised future net payments of various kinds''.
The budget deficit in the US is not massive. The Bush administration this week cut its forecasts for the fiscal shortfall this year by almost a third, saying it will come in at 2.3pc of gross domestic product. This is smaller than most European countries - including the UK - which have deficits north of 3pc of GDP.
Prof Kotlikoff, who teaches at Boston University, says: "The proper way to consider a country's solvency is to examine the lifetime fiscal burdens facing current and future generations. If these burdens exceed the resources of those generations, get close to doing so, or simply get so high as to preclude their full collection, the country's policy will be unsustainable and can constitute or lead to national bankruptcy.
"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."
Experts have calculated that the country's long-term "fiscal gap" between all future government spending and all future receipts will widen immensely as the Baby Boomer generation retires, and as the amount the state will have to spend on healthcare and pensions soars. The total fiscal gap could be an almost incomprehensible $65.9 trillion, according to a study by Professors Gokhale and Smetters.
The figure is massive because President George W Bush has made major tax cuts in recent years, and because the bill for Medicare, which provides health insurance for the elderly, and Medicaid, which does likewise for the poor, will increase greatly due to demographics.
Prof Kotlikoff said: "This figure is more than five times US GDP and almost twice the size of national wealth. One way to wrap one's head around $65.9trillion is to ask what fiscal adjustments are needed to eliminate this red hole. The answers are terrifying. One solution is an immediate and permanent doubling of personal and corporate income taxes. Another is an immediate and permanent two-thirds cut in Social Security and Medicare benefits. A third alternative, were it feasible, would be to immediately and permanently cut all federal discretionary spending by 143pc."
The scenario has serious implications for the dollar. If investors lose confidence in the US's future, and suspect the country may at some point allow inflation to erode away its debts, they may reduce their holdings of US Treasury bonds.
Prof Kotlikoff said: "The United States has experienced high rates of inflation in the past and appears to be running the same type of fiscal policies that engendered hyperinflations in 20 countries over the past century."
UPDATE - Two former NYSE traders found guilty of fraud
Stock market staggers, but investors still may be too optimistic
Commentary: Newsletters react to stock markets' losing week
By Peter Brimelow, MarketWatch 12:04 AM ET Jul 17, 2006
Investors may still be too optimistic
NEW YORK (MarketWatch) -- First, a proprietary word: on Friday night, the Hulbert Stock Newsletter Sentiment Index (HSNSI), which reflects the average recommended stock market exposure among a subset of short-term market timing newsletters tracked by the Hulbert Financial Digest, stood at plus-23.8%. This was certainly below the 31.4% it showed on Tuesday night, when Mark Hulbert worried, presciently we must say, that it was too strong from a contrary opinion point of view. But it's still above its 12.6% reading at end of June, although, Mark pointed out, the stock market had declined in the interim. And since Mark wrote, the Dow Jones Industrial Average has had three triple-digit down days.
Not good.
Dow Theory Letters' Richard Russell wrote Friday morning: "If the Dow breaks support at 10,760, I think we could have some nasty action, even some crash-type action." But, perhaps significantly, Russell did not quite hit the panic button when the Dow did indeed close at 10,739 Friday night.
He simply remarked, supporting the contrary opinion view: "Three days in a row with the Dow down over 100 points each day -- you don't see that very often. But still no signs of real fear, no capitulation, no panic -- just down, down, and down. The key consideration here is that there is still no sign of big money coming into this market. In fact, the big money has been leaving this market all year. ... The longer the market continues down without a panic decline, the worse the ultimate panic will be when it arrives."
What is Wrong with the Stock Market?
Dr. Khaled Batarfi

John D. Rockefeller was once asked why he decided to sell all his stocks just months before the 1929 Wall Street Crash. He explained: One morning, I was on the way to my office and stopped to have my shoes polished. The guy asked my advice about the shares he bought. If people with this kind of talent were now playing the market, I knew there was something wrong.....

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006
WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):
July 17 July 14 (respectively)
Fed acct 4.087 4.935
Tax/loan note acct 10.502 10.155
Cash balance 14.589 15.192
National debt,
subject to limit 8,311.633 8,323.084
The statutory debt limit is $8.965 trillion.
The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.
Fed's Bernanke still sees inflation risks, but of course inasmuch as the worthless dollar is worth less by the day, with higher interest rates the only way to combat same in light of intransigent structural economic realities.

(7-26-06) Lunatic frauds on wall street try to keep the fraud rollin'; but no cigar this day as reality and greed figure prominently as dow finishes marginally down 1.20 points. general motors lost $3.2 billion which would be bad news anywhere except for the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down, and the wall street lunatics feel good about all those people in Japan and elsewhere who will be craving those superior american gm cars, especially now that gm has sold their most profitable division, gmac (their credit arm)..... riiiight! oil prices up slightly; interest rates up, dollar down; oil prices up slightly; interest rates up, dollar down; highly leveraged obfuscating mergers/acquisitions, also very “commissionable” (investment
bankers/brokers), and historically have more often than not ended quite badly; oil prices down but still above $73; corporate welfare (gov’t contracts) recipients up sharply. Yes, as in the last crash, ‘they will get fooled again’ as stocks up in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the “pundits/analysts” are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley(who also says that in Europe bush’s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the “better than expectations” game with the still very substantial deficit numbers, clouded by the use of social security fu

Anonymous writes:


(8-4-06) Stocks drop still only modestly relative to reality as the wall street fraud continues and the lunatic frauds on wall street try to keep the suckers sucked in; ie., as the Dow Jones industrial average fell 2, Standard & Poor's 500 index lost 1, and the Nasdaq composite index dropped 7. Yahoo commented: “Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance.....” Wild..... I’ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported; but both GM and Ford will now offer built-in ipods which should “substantially help” their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal that has cast a harsh light on Silicon Valley's compensation practices. don’t forget that GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland" lunatic world of wall street is of course good news, even as that closely watched core CPI inflation rate exceeded expectations at 2.9% and core inflation rates up. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it’s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very “commissionable”(investment bankers/brokers), and historically have more often than not ended quite badly; oil prices still above $74; yes, as in the last crash, ‘they will get fooled again’ as stocks up sharply in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the “pundits/analysts” are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley(who also says that in Europe bush’s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the “better than expectations” game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived “pearl harbor effect")/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they’ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don’t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.
US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)
The United States is heading for bankruptcy, according to an extraordinary paper published by one of the key members of the country's central bank.
A ballooning budget deficit and a pensions and welfare timebomb could send the economic superpower into insolvency, according to research by Professor Laurence Kotlikoff for the Federal Reserve Bank of St Louis, a leading constituent of the US Federal Reserve.
Prof Kotlikoff said that, by some measures, the US is already bankrupt. "To paraphrase the Oxford English Dictionary, is the United States at the end of its resources, exhausted, stripped bare, destitute, bereft, wanting in property, or wrecked in consequence of failure to pay its creditors," he asked.
According to his central analysis, "the US government is, indeed, bankrupt, insofar as it will be unable to pay its creditors, who, in this context, are current and future generations to whom it has explicitly or implicitly promised future net payments of various kinds''.
The budget deficit in the US is not massive. The Bush administration this week cut its forecasts for the fiscal shortfall this year by almost a third, saying it will come in at 2.3pc of gross domestic product. This is smaller than most European countries - including the UK - which have deficits north of 3pc of GDP.
Prof Kotlikoff, who teaches at Boston University, says: "The proper way to consider a country's solvency is to examine the lifetime fiscal burdens facing current and future generations. If these burdens exceed the resources of those generations, get close to doing so, or simply get so high as to preclude their full collection, the country's policy will be unsustainable and can constitute or lead to national bankruptcy.
"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."
Experts have calculated that the country's long-term "fiscal gap" between all future government spending and all future receipts will widen immensely as the Baby Boomer generation retires, and as the amount the state will have to spend on healthcare and pensions soars. The total fiscal gap could be an almost incomprehensible $65.9 trillion, according to a study by Professors Gokhale and Smetters.
The figure is massive because President George W Bush has made major tax cuts in recent years, and because the bill for Medicare, which provides health insurance for the elderly, and Medicaid, which does likewise for the poor, will increase greatly due to demographics.
Prof Kotlikoff said: "This figure is more than five times US GDP and almost twice the size of national wealth. One way to wrap one's head around $65.9trillion is to ask what fiscal adjustments are needed to eliminate this red hole. The answers are terrifying. One solution is an immediate and permanent doubling of personal and corporate income taxes. Another is an immediate and permanent two-thirds cut in Social Security and Medicare benefits. A third alternative, were it feasible, would be to immediately and permanently cut all federal discretionary spending by 143pc."
The scenario has serious implications for the dollar. If investors lose confidence in the US's future, and suspect the country may at some point allow inflation to erode away its debts, they may reduce their holdings of US Treasury bonds.
Prof Kotlikoff said: "The United States has experienced high rates of inflation in the past and appears to be running the same type of fiscal policies that engendered hyperinflations in 20 countries over the past century."
UPDATE - Two former NYSE traders found guilty of fraud
Stock market staggers, but investors still may be too optimistic
Commentary: Newsletters react to stock markets' losing week
By Peter Brimelow, MarketWatch 12:04 AM ET Jul 17, 2006
Investors may still be too optimistic
NEW YORK (MarketWatch) -- First, a proprietary word: on Friday night, the Hulbert Stock Newsletter Sentiment Index (HSNSI), which reflects the average recommended stock market exposure among a subset of short-term market timing newsletters tracked by the Hulbert Financial Digest, stood at plus-23.8%. This was certainly below the 31.4% it showed on Tuesday night, when Mark Hulbert worried, presciently we must say, that it was too strong from a contrary opinion point of view. But it's still above its 12.6% reading at end of June, although, Mark pointed out, the stock market had declined in the interim. And since Mark wrote, the Dow Jones Industrial Average has had three triple-digit down days.
Not good.
Dow Theory Letters' Richard Russell wrote Friday morning: "If the Dow breaks support at 10,760, I think we could have some nasty action, even some crash-type action." But, perhaps significantly, Russell did not quite hit the panic button when the Dow did indeed close at 10,739 Friday night.
He simply remarked, supporting the contrary opinion view: "Three days in a row with the Dow down over 100 points each day -- you don't see that very often. But still no signs of real fear, no capitulation, no panic -- just down, down, and down. The key consideration here is that there is still no sign of big money coming into this market. In fact, the big money has been leaving this market all year. ... The longer the market continues down without a panic decline, the worse the ultimate panic will be when it arrives."
What is Wrong with the Stock Market?
Dr. Khaled Batarfi

John D. Rockefeller was once asked why he decided to sell all his stocks just months before the 1929 Wall Street Crash. He explained: One morning, I was on the way to my office and stopped to have my shoes polished. The guy asked my advice about the shares he bought. If people with this kind of talent were now playing the market, I knew there was something wrong.....

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006
WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):
July 17 July 14 (respectively)
Fed acct 4.087 4.935
Tax/loan note acct 10.502 10.155
Cash balance 14.589 15.192
National debt,
subject to limit 8,311.633 8,323.084
The statutory debt limit is $8.965 trillion.
The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.
Fed's Bernanke still sees inflation risks, but of course inasmuch as the worthless dollar is worth less by the day, with higher interest rates the only way to combat same in light of intransigent structural economic realities.
(8-3-06) Suckers’ bear market rally by the lunatic frauds on wall street to suck the suckers in; ie., dow up 42.66, S&P up 1.72, and Nasdaq up 13.53 points - the "miracle" of computerized manipulated trades. What Changed? Lot’s of “bull****ish news: ie., GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported; but both GM and Ford will now offer built-in ipods which should “substantially help” their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal that has cast a harsh light on Silicon Valley's compensation practices; Earnings shortfalls also from blue chips like Sprint Nextel (S 17.75 -2.38) and Prudential (PRU 73.66 -4.62), Medtronic (MDT 44.32 -6.61) saying that Q1 results would fall short of analysts' forecasts, coupled with Ford Motor's (F 6.86 -0.10) downward revision to its previously reported second quarter results and a smaller than expected July same-store sales increase from Starbucks, which in the alice-in-wonderland" lunatic world of wall street is of course good news.; oil prices down slightly to close above $75; interest rates up as bond prices fall; and don’t forget that GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland" lunatic world of wall street is of course good news, even as that closely watched core CPI inflation rate exceeded expectations at 2.9% and core inflation rates up. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it’s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very “commissionable”(investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $76; yes, as in the last crash, ‘they will get fooled again’ as stocks up sharply in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the “pundits/analysts” are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley(who also says that in Europe bush’s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the “better than expectations” game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived “pearl harbor effect")/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they’ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don’t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.
US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)
The United States is heading for bankruptcy, according to an extraordinary paper published by one of the key members of the country's central bank.
A ballooning budget deficit and a pensions and welfare timebomb could send the economic superpower into insolvency, according to research by Professor Laurence Kotlikoff for the Federal Reserve Bank of St Louis, a leading constituent of the US Federal Reserve.
Prof Kotlikoff said that, by some measures, the US is already bankrupt. "To paraphrase the Oxford English Dictionary, is the United States at the end of its resources, exhausted, stripped bare, destitute, bereft, wanting in property, or wrecked in consequence of failure to pay its creditors," he asked.
According to his central analysis, "the US government is, indeed, bankrupt, insofar as it will be unable to pay its creditors, who, in this context, are current and future generations to whom it has explicitly or implicitly promised future net payments of various kinds''.
The budget deficit in the US is not massive. The Bush administration this week cut its forecasts for the fiscal shortfall this year by almost a third, saying it will come in at 2.3pc of gross domestic product. This is smaller than most European countries - including the UK - which have deficits north of 3pc of GDP.
Prof Kotlikoff, who teaches at Boston University, says: "The proper way to consider a country's solvency is to examine the lifetime fiscal burdens facing current and future generations. If these burdens exceed the resources of those generations, get close to doing so, or simply get so high as to preclude their full collection, the country's policy will be unsustainable and can constitute or lead to national bankruptcy.
"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."
Experts have calculated that the country's long-term "fiscal gap" between all future government spending and all future receipts will widen immensely as the Baby Boomer generation retires, and as the amount the state will have to spend on healthcare and pensions soars. The total fiscal gap could be an almost incomprehensible $65.9 trillion, according to a study by Professors Gokhale and Smetters.
The figure is massive because President George W Bush has made major tax cuts in recent years, and because the bill for Medicare, which provides health insurance for the elderly, and Medicaid, which does likewise for the poor, will increase greatly due to demographics.
Prof Kotlikoff said: "This figure is more than five times US GDP and almost twice the size of national wealth. One way to wrap one's head around $65.9trillion is to ask what fiscal adjustments are needed to eliminate this red hole. The answers are terrifying. One solution is an immediate and permanent doubling of personal and corporate income taxes. Another is an immediate and permanent two-thirds cut in Social Security and Medicare benefits. A third alternative, were it feasible, would be to immediately and permanently cut all federal discretionary spending by 143pc."
The scenario has serious implications for the dollar. If investors lose confidence in the US's future, and suspect the country may at some point allow inflation to erode away its debts, they may reduce their holdings of US Treasury bonds.
Prof Kotlikoff said: "The United States has experienced high rates of inflation in the past and appears to be running the same type of fiscal policies that engendered hyperinflations in 20 countries over the past century."
UPDATE - Two former NYSE traders found guilty of fraud
Stock market staggers, but investors still may be too optimistic
Commentary: Newsletters react to stock markets' losing week
By Peter Brimelow, MarketWatch 12:04 AM ET Jul 17, 2006
Investors may still be too optimistic
NEW YORK (MarketWatch) -- First, a proprietary word: on Friday night, the Hulbert Stock Newsletter Sentiment Index (HSNSI), which reflects the average recommended stock market exposure among a subset of short-term market timing newsletters tracked by the Hulbert Financial Digest, stood at plus-23.8%. This was certainly below the 31.4% it showed on Tuesday night, when Mark Hulbert worried, presciently we must say, that it was too strong from a contrary opinion point of view. But it's still above its 12.6% reading at end of June, although, Mark pointed out, the stock market had declined in the interim. And since Mark wrote, the Dow Jones Industrial Average has had three triple-digit down days.
Not good.
Dow Theory Letters' Richard Russell wrote Friday morning: "If the Dow breaks support at 10,760, I think we could have some nasty action, even some crash-type action." But, perhaps significantly, Russell did not quite hit the panic button when the Dow did indeed close at 10,739 Friday night.
He simply remarked, supporting the contrary opinion view: "Three days in a row with the Dow down over 100 points each day -- you don't see that very often. But still no signs of real fear, no capitulation, no panic -- just down, down, and down. The key consideration here is that there is still no sign of big money coming into this market. In fact, the big money has been leaving this market all year. ... The longer the market continues down without a panic decline, the worse the ultimate panic will be when it arrives."
What is Wrong with the Stock Market?
Dr. Khaled Batarfi

John D. Rockefeller was once asked why he decided to sell all his stocks just months before the 1929 Wall Street Crash. He explained: One morning, I was on the way to my office and stopped to have my shoes polished. The guy asked my advice about the shares he bought. If people with this kind of talent were now playing the market, I knew there was something wrong.....

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006
WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):
July 17 July 14 (respectively)
Fed acct 4.087 4.935
Tax/loan note acct 10.502 10.155
Cash balance 14.589 15.192
National debt,
subject to limit 8,311.633 8,323.084
The statutory debt limit is $8.965 trillion.
The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

Apple Warns of Profit Restatement
AP - Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal that has cast a harsh light on Silicon Valley's compensation practices. No wonder GM and Ford are buying ipods, joining the anything but core business crowd.

Fed's Bernanke still sees inflation risks, but of course inasmuch as the worthless dollar is worth less by the day, with higher interest rates the only way to combat same in light of intransigent structural economic realities.
(8-2-06) Suckers’ bear market rally by the lunatic frauds on wall street to suck the suckers in; ie., dow up 74.20, S&P up 7.63, and Nasdaq up 16.82 points - the "miracle" of computerized manipulated trades. What Changed? Lot’s of “bull****ish news: ie., GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; oil prices up sharply to close above $76; interest rates up as bond prices fall; and don’t forget that GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland" lunatic world of wall street is of course good news, even as that closely watched core CPI inflation rate exceeded expectations at 2.9% and core inflation rates up. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it’s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very “commissionable”(investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $76; yes, as in the last crash, ‘they will get fooled again’ as stocks up sharply in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the “pundits/analysts” are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley(who also says that in Europe bush’s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the “better than expectations” game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived “pearl harbor effect")/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they’ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.
US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)
The United States is heading for bankruptcy, according to an extraordinary paper published by one of the key members of the country's central bank.
A ballooning budget deficit and a pensions and welfare timebomb could send the economic superpower into insolvency, according to research by Professor Laurence Kotlikoff for the Federal Reserve Bank of St Louis, a leading constituent of the US Federal Reserve.
Prof Kotlikoff said that, by some measures, the US is already bankrupt. "To paraphrase the Oxford English Dictionary, is the United States at the end of its resources, exhausted, stripped bare, destitute, bereft, wanting in property, or wrecked in consequence of failure to pay its creditors," he asked.
According to his central analysis, "the US government is, indeed, bankrupt, insofar as it will be unable to pay its creditors, who, in this context, are current and future generations to whom it has explicitly or implicitly promised future net payments of various kinds''.
The budget deficit in the US is not massive. The Bush administration this week cut its forecasts for the fiscal shortfall this year by almost a third, saying it will come in at 2.3pc of gross domestic product. This is smaller than most European countries - including the UK - which have deficits north of 3pc of GDP.
Prof Kotlikoff, who teaches at Boston University, says: "The proper way to consider a country's solvency is to examine the lifetime fiscal burdens facing current and future generations. If these burdens exceed the resources of those generations, get close to doing so, or simply get so high as to preclude their full collection, the country's policy will be unsustainable and can constitute or lead to national bankruptcy.
"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."
Experts have calculated that the country's long-term "fiscal gap" between all future government spending and all future receipts will widen immensely as the Baby Boomer generation retires, and as the amount the state will have to spend on healthcare and pensions soars. The total fiscal gap could be an almost incomprehensible $65.9 trillion, according to a study by Professors Gokhale and Smetters.
The figure is massive because President George W Bush has made major tax cuts in recent years, and because the bill for Medicare, which provides health insurance for the elderly, and Medicaid, which does likewise for the poor, will increase greatly due to demographics.
Prof Kotlikoff said: "This figure is more than five times US GDP and almost twice the size of national wealth. One way to wrap one's head around $65.9trillion is to ask what fiscal adjustments are needed to eliminate this red hole. The answers are terrifying. One solution is an immediate and permanent doubling of personal and corporate income taxes. Another is an immediate and permanent two-thirds cut in Social Security and Medicare benefits. A third alternative, were it feasible, would be to immediately and permanently cut all federal discretionary spending by 143pc."
The scenario has serious implications for the dollar. If investors lose confidence in the US's future, and suspect the country may at some point allow inflation to erode away its debts, they may reduce their holdings of US Treasury bonds.
Prof Kotlikoff said: "The United States has experienced high rates of inflation in the past and appears to be running the same type of fiscal policies that engendered hyperinflations in 20 countries over the past century."
UPDATE - Two former NYSE traders found guilty of fraud
Stock market staggers, but investors still may be too optimistic
Commentary: Newsletters react to stock markets' losing week
By Peter Brimelow, MarketWatch 12:04 AM ET Jul 17, 2006
Investors may still be too optimistic
NEW YORK (MarketWatch) -- First, a proprietary word: on Friday night, the Hulbert Stock Newsletter Sentiment Index (HSNSI), which reflects the average recommended stock market exposure among a subset of short-term market timing newsletters tracked by the Hulbert Financial Digest, stood at plus-23.8%. This was certainly below the 31.4% it showed on Tuesday night, when Mark Hulbert worried, presciently we must say, that it was too strong from a contrary opinion point of view. But it's still above its 12.6% reading at end of June, although, Mark pointed out, the stock market had declined in the interim. And since Mark wrote, the Dow Jones Industrial Average has had three triple-digit down days.
Not good.
Dow Theory Letters' Richard Russell wrote Friday morning: "If the Dow breaks support at 10,760, I think we could have some nasty action, even some crash-type action." But, perhaps significantly, Russell did not quite hit the panic button when the Dow did indeed close at 10,739 Friday night.
He simply remarked, supporting the contrary opinion view: "Three days in a row with the Dow down over 100 points each day -- you don't see that very often. But still no signs of real fear, no capitulation, no panic -- just down, down, and down. The key consideration here is that there is still no sign of big money coming into this market. In fact, the big money has been leaving this market all year. ... The longer the market continues down without a panic decline, the worse the ultimate panic will be when it arrives."
What is Wrong with the Stock Market?
Dr. Khaled Batarfi

John D. Rockefeller was once asked why he decided to sell all his stocks just months before the 1929 Wall Street Crash. He explained: One morning, I was on the way to my office and stopped to have my shoes polished. The guy asked my advice about the shares he bought. If people with this kind of talent were now playing the market, I knew there was something wrong.....

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006
WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):
July 17 July 14 (respectively)
Fed acct 4.087 4.935
Tax/loan note acct 10.502 10.155
Cash balance 14.589 15.192
National debt,
subject to limit 8,311.633 8,323.084
The statutory debt limit is $8.965 trillion.
The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.
Fed's Bernanke still sees inflation risks, but of course inasmuch as the worthless dollar is worth less by the day, with higher interest rates the only way to combat same in light of intransigent structural economic realities.
(8-1-06) Stocks drop still only modestly relative to reality as the wall street fraud continues and the lunatic frauds on wall street try to keep the suckers sucked in; ie., as the Dow Jones industrial average fell 59.95, Standard & Poor's 500 index lost 5.74, and the Nasdaq composite index dropped 29.48. This still only modest drop despite the fact that oil and gas prices are up - the "miracle" of computerized manipulated trades. GDP growth has slowed substantially and below expectations at 2.5%, (but now manufacturing activity now reported to be up, riiiiight!), which in the alice-in-wonderland" lunatic world of wall street is of course good news, even as that closely watched core inflation rate exceeded expectations at 2.4%. Stagflation? Inflation-adjusted consumer spending rose 0.2 percent in June (the core-PCE deflator, an indicator of inflation tied to spending patterns, rose 0.2% in June.), the Commerce Department also reported that consumer prices are up 2.4 percent year over year, the highest rate of inflation since April 1995. The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it’s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent "rally" mode this and other days, even as some unfounded, based on nothing, gains are taken back as profits for the greedy frauds. Highly leveraged obfuscating mergers/acquisitions, also very “commissionable”(investment bankers/brokers), and historically have more often than not ended quite badly; oil prices up .51 to close at $74.91 while natural gas futures built on Monday's 14 percent surge based on higher U.S. electrical demand in a nationwide heat wave; yes, as in the last crash, ‘they will get fooled again’ as stocks are substantially overvalued in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the “pundits/analysts” are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley(who also says that in Europe bush’s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the “better than expectations” game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived “pearl harbor effect")/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they’ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.
US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)
The United States is heading for bankruptcy, according to an extraordinary paper published by one of the key members of the country's central bank.
A ballooning budget deficit and a pensions and welfare timebomb could send the economic superpower into insolvency, according to research by Professor Laurence Kotlikoff for the Federal Reserve Bank of St Louis, a leading constituent of the US Federal Reserve.
Prof Kotlikoff said that, by some measures, the US is already bankrupt. "To paraphrase the Oxford English Dictionary, is the United States at the end of its resources, exhausted, stripped bare, destitute, bereft, wanting in property, or wrecked in consequence of failure to pay its creditors," he asked.
According to his central analysis, "the US government is, indeed, bankrupt, insofar as it will be unable to pay its creditors, who, in this context, are current and future generations to whom it has explicitly or implicitly promised future net payments of various kinds''.
The budget deficit in the US is not massive. The Bush administration this week cut its forecasts for the fiscal shortfall this year by almost a third, saying it will come in at 2.3pc of gross domestic product. This is smaller than most European countries - including the UK - which have deficits north of 3pc of GDP.
Prof Kotlikoff, who teaches at Boston University, says: "The proper way to consider a country's solvency is to examine the lifetime fiscal burdens facing current and future generations. If these burdens exceed the resources of those generations, get close to doing so, or simply get so high as to preclude their full collection, the country's policy will be unsustainable and can constitute or lead to national bankruptcy.
"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."
Experts have calculated that the country's long-term "fiscal gap" between all future government spending and all future receipts will widen immensely as the Baby Boomer generation retires, and as the amount the state will have to spend on healthcare and pensions soars. The total fiscal gap could be an almost incomprehensible $65.9 trillion, according to a study by Professors Gokhale and Smetters.
The figure is massive because President George W Bush has made major tax cuts in recent years, and because the bill for Medicare, which provides health insurance for the elderly, and Medicaid, which does likewise for the poor, will increase greatly due to demographics.
Prof Kotlikoff said: "This figure is more than five times US GDP and almost twice the size of national wealth. One way to wrap one's head around $65.9trillion is to ask what fiscal adjustments are needed to eliminate this red hole. The answers are terrifying. One solution is an immediate and permanent doubling of personal and corporate income taxes. Another is an immediate and permanent two-thirds cut in Social Security and Medicare benefits. A third alternative, were it feasible, would be to immediately and permanently cut all federal discretionary spending by 143pc."
The scenario has serious implications for the dollar. If investors lose confidence in the US's future, and suspect the country may at some point allow inflation to erode away its debts, they may reduce their holdings of US Treasury bonds.
Prof Kotlikoff said: "The United States has experienced high rates of inflation in the past and appears to be running the same type of fiscal policies that engendered hyperinflations in 20 countries over the past century."
UPDATE - Two former NYSE traders found guilty of fraud
More good news: TOYOTA overtakes FORD in monthly sales..... , Kodak Posts 2Q Loss, Moves to Slash Jobs,
Stock market staggers, but investors still may be too optimistic
Commentary: Newsletters react to stock markets' losing week
By Peter Brimelow, MarketWatch 12:04 AM ET Jul 17, 2006
Investors may still be too optimistic
NEW YORK (MarketWatch) -- First, a proprietary word: on Friday night, the Hulbert Stock Newsletter Sentiment Index (HSNSI), which reflects the average recommended stock market exposure among a subset of short-term market timing newsletters tracked by the Hulbert Financial Digest, stood at plus-23.8%. This was certainly below the 31.4% it showed on Tuesday night, when Mark Hulbert worried, presciently we must say, that it was too strong from a contrary opinion point of view. But it's still above its 12.6% reading at end of June, although, Mark pointed out, the stock market had declined in the interim. And since Mark wrote, the Dow Jones Industrial Average has had three triple-digit down days.
Not good.
Dow Theory Letters' Richard Russell wrote Friday morning: "If the Dow breaks support at 10,760, I think we could have some nasty action, even some crash-type action." But, perhaps significantly, Russell did not quite hit the panic button when the Dow did indeed close at 10,739 Friday night.
He simply remarked, supporting the contrary opinion view: "Three days in a row with the Dow down over 100 points each day -- you don't see that very often. But still no signs of real fear, no capitulation, no panic -- just down, down, and down. The key consideration here is that there is still no sign of big money coming into this market. In fact, the big money has been leaving this market all year. ... The longer the market continues down without a panic decline, the worse the ultimate panic will be when it arrives."
What is Wrong with the Stock Market?
Dr. Khaled Batarfi
John D. Rockefeller was once asked why he decided to sell all his stocks just months before the 1929 Wall Street Crash. He explained: One morning, I was on the way to my office and stopped to have my shoes polished. The guy asked my advice about the shares he bought. If people with this kind of talent were now playing the market, I knew there was something wrong.....
U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006
WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):
July 17 July 14 (respectively)
Fed acct 4.087 4.935
Tax/loan note acct 10.502 10.155
Cash balance 14.589 15.192
National debt,
subject to limit 8,311.633 8,323.084
The statutory debt limit is $8.965 trillion.
The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.
Fed's Bernanke still sees inflation risks, but of course inasmuch as the worthless dollar is worth less by the day, with higher interest rates the only way to combat same in light of intransigent structural economic realities.
(7-31-06) Stocks drop only modestly as the wall street fraud continues and the lunatic frauds on wall street try to keep the suckers sucked in; ie., as the Dow Jones industrial average fell 34.02, Standard & Poor's 500 index lost 1.89, and the Nasdaq composite index dropped 2.67. This only modest drop despite the fact that oil and gas prices are up - the "miracle" of computerized manipulated trades. GDP growth has slowed substantially and below expectations at 2.5% which in the alice-in-wonderland" lunatic world of wall street is of course good news, even as that closely watched core CPI inflation rate exceeded expectations at 2.9%. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it’s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very “commissionable”(investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $74; yes, as in the last crash, ‘they will get fooled again’ as stocks are substantially overvalued in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the “pundits/analysts” are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in adv

Anonymous writes:


(8-11-06) Stocks drop still only modestly relative to reality as the wall street fraud continues, in light of the blazing but waning full moon and the lunatic frauds on wall street try to keep the suckers sucked in with suckers “bear market rally” into the close; ie., as the Dow Jones industrial average fell 36.34, Standard & Poor's 500 index lost 5.07, and the Nasdaq composite index dropped 14.03.
According to Yahoo - “The market languished in negative territory from bell to bell, bogged down by rate hike concerns that followed a stronger than expected Retail Sales report for July, a weak showing from the transportation and semiconductor stocks, and an underlying sense of anxiety ahead of the weekend due to the geopolitical unrest and next week's key inflation data.? Buyers, for the most part, were absent throughout the session, although they did appear in the last half hour of tradingto help pare larger losses?.” The frauds on wall street feel compelled to have continued their tradition/superstition/fraud tactic of buying on the rumor and selling on the news(fact) of the Fed’s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money. “Light, sweet crude for September delivery rose 35 cents to settle at $74.35 a barrel on the New York Mercantile Exchange”, and as well, Yahoo previously commented: “Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance.....”, to which I responded, “Wild..... I’ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported; but both GM and Ford will now offer built-in ipods which should “substantially help” their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal that has cast a harsh light on Silicon Valley's compensation practices. don’t forget that GDP growth slowed substantially and below expectations at 2.5% which in the ‘alice-in-wonderland’ lunatic world of wall street is of course good news, even as that closely watched core CPI inflation rate exceeded expectations at 2.9% and core inflation rates up. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it’s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very “commissionable”(investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $76; yes, as in the last crash, ‘they will get fooled again’ as stocks up sharply in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the “pundits/analysts” are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market).” The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley(who also says that in Europe bush’s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the “better than expectations” game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived “pearl harbor effect")/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they’ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don’t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.
US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)
The United States is heading for bankruptcy, according to an extraordinary paper published by one of the key members of the country's central bank.
A ballooning budget deficit and a pensions and welfare timebomb could send the economic superpower into insolvency, according to research by Professor Laurence Kotlikoff for the Federal Reserve Bank of St Louis, a leading constituent of the US Federal Reserve.
Prof Kotlikoff said that, by some measures, the US is already bankrupt. "To paraphrase the Oxford English Dictionary, is the United States at the end of its resources, exhausted, stripped bare, destitute, bereft, wanting in property, or wrecked in consequence of failure to pay its creditors," he asked.
According to his central analysis, "the US government is, indeed, bankrupt, insofar as it will be unable to pay its creditors, who, in this context, are current and future generations to whom it has explicitly or implicitly promised future net payments of various kinds''.
The budget deficit in the US is not massive. The Bush administration this week cut its forecasts for the fiscal shortfall this year by almost a third, saying it will come in at 2.3pc of gross domestic product. This is smaller than most European countries - including the UK - which have deficits north of 3pc of GDP.
Prof Kotlikoff, who teaches at Boston University, says: "The proper way to consider a country's solvency is to examine the lifetime fiscal burdens facing current and future generations. If these burdens exceed the resources of those generations, get close to doing so, or simply get so high as to preclude their full collection, the country's policy will be unsustainable and can constitute or lead to national bankruptcy.
"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."
Experts have calculated that the country's long-term "fiscal gap" between all future government spending and all future receipts will widen immensely as the Baby Boomer generation retires, and as the amount the state will have to spend on healthcare and pensions soars. The total fiscal gap could be an almost incomprehensible $65.9 trillion, according to a study by Professors Gokhale and Smetters.
The figure is massive because President George W Bush has made major tax cuts in recent years, and because the bill for Medicare, which provides health insurance for the elderly, and Medicaid, which does likewise for the poor, will increase greatly due to demographics.
Prof Kotlikoff said: "This figure is more than five times US GDP and almost twice the size of national wealth. One way to wrap one's head around $65.9trillion is to ask what fiscal adjustments are needed to eliminate this red hole. The answers are terrifying. One solution is an immediate and permanent doubling of personal and corporate income taxes. Another is an immediate and permanent two-thirds cut in Social Security and Medicare benefits. A third alternative, were it feasible, would be to immediately and permanently cut all federal discretionary spending by 143pc."
The scenario has serious implications for the dollar. If investors lose confidence in the US's future, and suspect the country may at some point allow inflation to erode away its debts, they may reduce their holdings of US Treasury bonds.
Prof Kotlikoff said: "The United States has experienced high rates of inflation in the past and appears to be running the same type of fiscal policies that engendered hyperinflations in 20 countries over the past century."
UPDATE - Two former NYSE traders found guilty of fraud
Stock market staggers, but investors still may be too optimistic
Commentary: Newsletters react to stock markets' losing week
By Peter Brimelow, MarketWatch 12:04 AM ET Jul 17, 2006
Investors may still be too optimistic
NEW YORK (MarketWatch) -- First, a proprietary word: on Friday night, the Hulbert Stock Newsletter Sentiment Index (HSNSI), which reflects the average recommended stock market exposure among a subset of short-term market timing newsletters tracked by the Hulbert Financial Digest, stood at plus-23.8%. This was certainly below the 31.4% it showed on Tuesday night, when Mark Hulbert worried, presciently we must say, that it was too strong from a contrary opinion point of view. But it's still above its 12.6% reading at end of June, although, Mark pointed out, the stock market had declined in the interim. And since Mark wrote, the Dow Jones Industrial Average has had three triple-digit down days.
Not good.
Dow Theory Letters' Richard Russell wrote Friday morning: "If the Dow breaks support at 10,760, I think we could have some nasty action, even some crash-type action." But, perhaps significantly, Russell did not quite hit the panic button when the Dow did indeed close at 10,739 Friday night.
He simply remarked, supporting the contrary opinion view: "Three days in a row with the Dow down over 100 points each day -- you don't see that very often. But still no signs of real fear, no capitulation, no panic -- just down, down, and down. The key consideration here is that there is still no sign of big money coming into this market. In fact, the big money has been leaving this market all year. ... The longer the market continues down without a panic decline, the worse the ultimate panic will be when it arrives."
What is Wrong with the Stock Market?
Dr. Khaled Batarfi

John D. Rockefeller was once asked why he decided to sell all his stocks just months before the 1929 Wall Street Crash. He explained: One morning, I was on the way to my office and stopped to have my shoes polished. The guy asked my advice about the shares he bought. If people with this kind of talent were now playing the market, I knew there was something wrong.....

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006
WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):
July 17 July 14 (respectively)
Fed acct 4.087 4.935
Tax/loan note acct 10.502 10.155
Cash balance 14.589 15.192
National debt,
subject to limit 8,311.633 8,323.084
The statutory debt limit is $8.965 trillion.
The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.
BP: Pipeline Closing May Last for Months (8-7-06)AP -
BP said Monday it will replace 16 miles of pipeline from its huge Prudhoe Bay oil field and production could be closed for weeks or months, crimping the nation's oil supplies.
Fed's Bernanke still sees inflation risks, but of course inasmuch as the worthless dollar is worth less by the day, with higher interest rates the only way to combat same in light of intransigent structural economic realities

(8-10-06) Blazing full moon and suckers’ bear market rally by the lunatic frauds on wall street to suck the suckers in; ie., dow up 48 points - the "miracle" of computerized manipulated trades, all very commissionable on an amazingly heavy volume of 4.20 billion shares, including Nasdaq. What Changed? Nothing. Something that wasn’t discounted by the market didn’t occur.
“AP - The ink barely dry on second-quarter results showing fuller planes and profits some hadn't seen in years, airlines are again being tested -- this time by a foiled terror plot that is sure to make passengers uneasy about flying.” At best, the foregoing is neutral, and at worst a clear negative for the market. Martin Crutsinger, AP Economics Writer, writes,” U.S. Trade Deficit Down 0.3 Pct. in June. U.S. Trade Deficit Falls 0.3 Percent in June to $64.8B, Offsetting Jump in Chinese Imports. WASHINGTON (AP) -- America's trade deficit showed a slight improvement as strong global growth pushed U.S. exports to a record level. That helped offset a surge in Chinese imports and record crude oil prices.The deficit declined 0.3 percent in June, compared with May, dropping to $64.8 billion, still the fifth largest imbalance on record, the Commerce Department reported Thursday. The deficit is running at an annual rate of $768 billion through the first six months of this year, putting the country on track to see a fifth straight record imbalance. Last year's deficit was $716.7 billion”. Prior considerations remain apposite in this clearly overvalued market. According to AP on 8-9-06 - “Investors concerned about erratic oil prices and a slowing economy sent stocks lower Wednesday despite strong earnings from Cisco Systems Inc. and the Federal Reserve's pause in raising interest rates.” The frauds on wall street feel compelled to continue their tradition/superstition/fraud tactic of buying on the rumor and selling on the news(fact) of the Fed’s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money. Oil prices down $2 on “news” of non-event…..riiiiight! Previously: “Light, sweet crude for September delivery rose 4 cents to settle at $76.35 a barrel on the New York Mercantile Exchange, after rising as high as $77.44 -- less than a dollar away from its trading record of $78.40 reached July 14”, and as well, Yahoo previously commented: “Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance.....”, to which I responded, “Wild..... I’ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported; but both GM and Ford will now offer built-in ipods which should “substantially help” their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal that has cast a harsh light on Silicon Valley's compensation practices. don’t forget that GDP growth slowed substantially and below expectations at 2.5% which in the ‘alice-in-wonderland’ lunatic world of wall street is of course good news, even as that closely watched core CPI inflation rate exceeded expectations at 2.9% and core inflation rates up. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it’s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very “commissionable”(investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $76; yes, as in the last crash, ‘they will get fooled again’ as stocks up sharply in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the “pundits/analysts” are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market).” The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley(who also says that in Europe bush’s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the “better than expectations” game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived “pearl harbor effect")/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they’ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don’t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.
US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)
The United States is heading for bankruptcy, according to an extraordinary paper published by one of the key members of the country's central bank.
A ballooning budget deficit and a pensions and welfare timebomb could send the economic superpower into insolvency, according to research by Professor Laurence Kotlikoff for the Federal Reserve Bank of St Louis, a leading constituent of the US Federal Reserve.
Prof Kotlikoff said that, by some measures, the US is already bankrupt. "To paraphrase the Oxford English Dictionary, is the United States at the end of its resources, exhausted, stripped bare, destitute, bereft, wanting in property, or wrecked in consequence of failure to pay its creditors," he asked.
According to his central analysis, "the US government is, indeed, bankrupt, insofar as it will be unable to pay its creditors, who, in this context, are current and future generations to whom it has explicitly or implicitly promised future net payments of various kinds''.
The budget deficit in the US is not massive. The Bush administration this week cut its forecasts for the fiscal shortfall this year by almost a third, saying it will come in at 2.3pc of gross domestic product. This is smaller than most European countries - including the UK - which have deficits north of 3pc of GDP.
Prof Kotlikoff, who teaches at Boston University, says: "The proper way to consider a country's solvency is to examine the lifetime fiscal burdens facing current and future generations. If these burdens exceed the resources of those generations, get close to doing so, or simply get so high as to preclude their full collection, the country's policy will be unsustainable and can constitute or lead to national bankruptcy.
"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."
Experts have calculated that the country's long-term "fiscal gap" between all future government spending and all future receipts will widen immensely as the Baby Boomer generation retires, and as the amount the state will have to spend on healthcare and pensions soars. The total fiscal gap could be an almost incomprehensible $65.9 trillion, according to a study by Professors Gokhale and Smetters.
The figure is massive because President George W Bush has made major tax cuts in recent years, and because the bill for Medicare, which provides health insurance for the elderly, and Medicaid, which does likewise for the poor, will increase greatly due to demographics.
Prof Kotlikoff said: "This figure is more than five times US GDP and almost twice the size of national wealth. One way to wrap one's head around $65.9trillion is to ask what fiscal adjustments are needed to eliminate this red hole. The answers are terrifying. One solution is an immediate and permanent doubling of personal and corporate income taxes. Another is an immediate and permanent two-thirds cut in Social Security and Medicare benefits. A third alternative, were it feasible, would be to immediately and permanently cut all federal discretionary spending by 143pc."
The scenario has serious implications for the dollar. If investors lose confidence in the US's future, and suspect the country may at some point allow inflation to erode away its debts, they may reduce their holdings of US Treasury bonds.
Prof Kotlikoff said: "The United States has experienced high rates of inflation in the past and appears to be running the same type of fiscal policies that engendered hyperinflations in 20 countries over the past century."
UPDATE - Two former NYSE traders found guilty of fraud
Stock market staggers, but investors still may be too optimistic
Commentary: Newsletters react to stock markets' losing week
By Peter Brimelow, MarketWatch 12:04 AM ET Jul 17, 2006
Investors may still be too optimistic
NEW YORK (MarketWatch) -- First, a proprietary word: on Friday night, the Hulbert Stock Newsletter Sentiment Index (HSNSI), which reflects the average recommended stock market exposure among a subset of short-term market timing newsletters tracked by the Hulbert Financial Digest, stood at plus-23.8%. This was certainly below the 31.4% it showed on Tuesday night, when Mark Hulbert worried, presciently we must say, that it was too strong from a contrary opinion point of view. But it's still above its 12.6% reading at end of June, although, Mark pointed out, the stock market had declined in the interim. And since Mark wrote, the Dow Jones Industrial Average has had three triple-digit down days.
Not good.
Dow Theory Letters' Richard Russell wrote Friday morning: "If the Dow breaks support at 10,760, I think we could have some nasty action, even some crash-type action." But, perhaps significantly, Russell did not quite hit the panic button when the Dow did indeed close at 10,739 Friday night.
He simply remarked, supporting the contrary opinion view: "Three days in a row with the Dow down over 100 points each day -- you don't see that very often. But still no signs of real fear, no capitulation, no panic -- just down, down, and down. The key consideration here is that there is still no sign of big money coming into this market. In fact, the big money has been leaving this market all year. ... The longer the market continues down without a panic decline, the worse the ultimate panic will be when it arrives."
What is Wrong with the Stock Market?
Dr. Khaled Batarfi

John D. Rockefeller was once asked why he decided to sell all his stocks just months before the 1929 Wall Street Crash. He explained: One morning, I was on the way to my office and stopped to have my shoes polished. The guy asked my advice about the shares he bought. If people with this kind of talent were now playing the market, I knew there was something wrong.....

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006
WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):
July 17 July 14 (respectively)
Fed acct 4.087 4.935
Tax/loan note acct 10.502 10.155
Cash balance 14.589 15.192
National debt,
subject to limit 8,311.633 8,323.084
The statutory debt limit is $8.965 trillion.
The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.
BP: Pipeline Closing May Last for Months (8-7-06)AP -
BP said Monday it will replace 16 miles of pipeline from its huge Prudhoe Bay oil field and production could be closed for weeks or months, crimping the nation's oil supplies.
Fed's Bernanke still sees inflation risks, but of course inasmuch as the worthless dollar is worth less by the day, with higher interest rates the only way to combat same in light of intransigent structural economic realities
(8-9-06) Stocks drop still only modestly relative to reality as the wall street fraud continues, in light of the blazing full moon and the lunatic frauds on wall street try to keep the suckers sucked in; ie., as the Dow Jones industrial average fell 97.41, Standard & Poor's 500 index lost 5.53, and the Nasdaq composite index dropped .57.
According to AP - “Investors concerned about erratic oil prices and a slowing economy sent stocks lower Wednesday despite strong earnings from Cisco Systems Inc. and the Federal Reserve's pause in raising interest rates.” The frauds on wall street feel compelled to continue their tradition/superstition/fraud tactic of buying on the rumor and selling on the news(fact) of the Fed’s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money. “Light, sweet crude for September delivery rose 4 cents to settle at $76.35 a barrel on the New York Mercantile Exchange, after rising as high as $77.44 -- less than a dollar away from its trading record of $78.40 reached July 14”, and as well, Yahoo previously commented: “Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance.....”, to which I responded, “Wild..... I’ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported; but both GM and Ford will now offer built-in ipods which should “substantially help” their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal that has cast a harsh light on Silicon Valley's compensation practices. don’t forget that GDP growth slowed substantially and below expectations at 2.5% which in the ‘alice-in-wonderland’ lunatic world of wall street is of course good news, even as that closely watched core CPI inflation rate exceeded expectations at 2.9% and core inflation rates up. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it’s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very “commissionable”(investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $76; yes, as in the last crash, ‘they will get fooled again’ as stocks up sharply in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the “pundits/analysts” are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market).” The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley(who also says that in Europe bush’s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the “better than expectations” game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived “pearl harbor effect")/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they’ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don’t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.
US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)
The United States is heading for bankruptcy, according to an extraordinary paper published by one of the key members of the country's central bank.
A ballooning budget deficit and a pensions and welfare timebomb could send the economic superpower into insolvency, according to research by Professor Laurence Kotlikoff for the Federal Reserve Bank of St Louis, a leading constituent of the US Federal Reserve.
Prof Kotlikoff said that, by some measures, the US is already bankrupt. "To paraphrase the Oxford English Dictionary, is the United States at the end of its resources, exhausted, stripped bare, destitute, bereft, wanting in property, or wrecked in consequence of failure to pay its creditors," he asked.
According to his central analysis, "the US government is, indeed, bankrupt, insofar as it will be unable to pay its creditors, who, in this context, are current and future generations to whom it has explicitly or implicitly promised future net payments of various kinds''.
The budget deficit in the US is not massive. The Bush administration this week cut its forecasts for the fiscal shortfall this year by almost a third, saying it will come in at 2.3pc of gross domestic product. This is smaller than most European countries - including the UK - which have deficits north of 3pc of GDP.
Prof Kotlikoff, who teaches at Boston University, says: "The proper way to consider a country's solvency is to examine the lifetime fiscal burdens facing current and future generations. If these burdens exceed the resources of those generations, get close to doing so, or simply get so high as to preclude their full collection, the country's policy will be unsustainable and can constitute or lead to national bankruptcy.
"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."
Experts have calculated that the country's long-term "fiscal gap" between all future government spending and all future receipts will widen immensely as the Baby Boomer generation retires, and as the amount the state will have to spend on healthcare and pensions soars. The total fiscal gap could be an almost incomprehensible $65.9 trillion, according to a study by Professors Gokhale and Smetters.
The figure is massive because President George W Bush has made major tax cuts in recent years, and because the bill for Medicare, which provides health insurance for the elderly, and Medicaid, which does likewise for the poor, will increase greatly due to demographics.
Prof Kotlikoff said: "This figure is more than five times US GDP and almost twice the size of national wealth. One way to wrap one's head around $65.9trillion is to ask what fiscal adjustments are needed to eliminate this red hole. The answers are terrifying. One solution is an immediate and permanent doubling of personal and corporate income taxes. Another is an immediate and permanent two-thirds cut in Social Security and Medicare benefits. A third alternative, were it feasible, would be to immediately and permanently cut all federal discretionary spending by 143pc."
The scenario has serious implications for the dollar. If investors lose confidence in the US's future, and suspect the country may at some point allow inflation to erode away its debts, they may reduce their holdings of US Treasury bonds.
Prof Kotlikoff said: "The United States has experienced high rates of inflation in the past and appears to be running the same type of fiscal policies that engendered hyperinflations in 20 countries over the past century."
UPDATE - Two former NYSE traders found guilty of fraud
Stock market staggers, but investors still may be too optimistic
Commentary: Newsletters react to stock markets' losing week
By Peter Brimelow, MarketWatch 12:04 AM ET Jul 17, 2006
Investors may still be too optimistic
NEW YORK (MarketWatch) -- First, a proprietary word: on Friday night, the Hulbert Stock Newsletter Sentiment Index (HSNSI), which reflects the average recommended stock market exposure among a subset of short-term market timing newsletters tracked by the Hulbert Financial Digest, stood at plus-23.8%. This was certainly below the 31.4% it showed on Tuesday night, when Mark Hulbert worried, presciently we must say, that it was too strong from a contrary opinion point of view. But it's still above its 12.6% reading at end of June, although, Mark pointed out, the stock market had declined in the interim. And since Mark wrote, the Dow Jones Industrial Average has had three triple-digit down days.
Not good.
Dow Theory Letters' Richard Russell wrote Friday morning: "If the Dow breaks support at 10,760, I think we could have some nasty action, even some crash-type action." But, perhaps significantly, Russell did not quite hit the panic button when the Dow did indeed close at 10,739 Friday night.
He simply remarked, supporting the contrary opinion view: "Three days in a row with the Dow down over 100 points each day -- you don't see that very often. But still no signs of real fear, no capitulation, no panic -- just down, down, and down. The key consideration here is that there is still no sign of big money coming into this market. In fact, the big money has been leaving this market all year. ... The longer the market continues down without a panic decline, the worse the ultimate panic will be when it arrives."
What is Wrong with the Stock Market?
Dr. Khaled Batarfi

John D. Rockefeller was once asked why he decided to sell all his stocks just months before the 1929 Wall Street Crash. He explained: One morning, I was on the way to my office and stopped to have my shoes polished. The guy asked my advice about the shares he bought. If people with this kind of talent were now playing the market, I knew there was something wrong.....

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006
WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):
July 17 July 14 (respectively)
Fed acct 4.087 4.935
Tax/loan note acct 10.502 10.155
Cash balance 14.589 15.192
National debt,
subject to limit 8,311.633 8,323.084
The statutory debt limit is $8.965 trillion.
The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.
BP: Pipeline Closing May Last for Months (8-7-06)AP -
BP said Monday it will replace 16 miles of pipeline from its huge Prudhoe Bay oil field and production could be closed for weeks or months, crimping the nation's oil supplies.
Fed's Bernanke still sees inflation risks, but of course inasmuch as the worthless dollar is worth less by the day, with higher interest rates the only way to combat same in light of intransigent structural economic realities
(8-8-06) Stocks drop still only modestly relative to reality as the wall street fraud continues, in light of the blazing full moon and the lunatic frauds on wall street try to keep the suckers sucked in; ie., as the Dow Jones industrial average fell 45.79, Standard & Poor's 500 index lost 4.29, and the Nasdaq composite index dropped 11.65. The frauds on wall street feel compelled to continue their tradition/superstition/fraud tactic of buying on the rumor and selling on the news(fact) of the Fed’s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money. Oil prices down 67 cents to close at $76.31 a barrel. Yahoo previously commented: “Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance.....”, to which I responded, “Wild..... I’ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported; but both

Anonymous writes:


(8-25-06) Stocks drop still only modestly relative to reality as the wall street fraud continues to suck the suckers in; ie., as the Dow Jones industrial average fell 20.41, Standard & Poor's 500 index lost .97, and the Nasdaq composite index up 3.18, all very commissionable on heavy volume. Leading economic indicators previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows with b.s. from Yahoo: With more minds on weekend activities than owning equities, a limited number of investors armed with virtually no market-moving ammunition to reignite last week's rally left the major averages struggling to find their footing Friday. Despite the foregoing, the churn and earn commission dollars were still flowing, big time. All computerized volume is and must be considered heavy, economically wasteful volume. There is nothing to rationally justify the previous up move or mixed results in the market other than what is tantamount to a negative, and based upon spurious data from the government; ie., fake government numbers said total PPI rose a smaller than expected 0.1% (consensus 0.4%) in July, which was well below the 0.5% jump in June, while the more closely watched core rate (ex-food and energy) unexpectedly (RIIIIIGHT!) fell 0.3% (consensus +0.2%) -- the first decline since October and the largest drop since a 0.5% decline in April 2003. Home Sales Decline in 28 States, D.C.. Real estate prices down/stagnant. But housing stocks…..up.....riiiiight!.....in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down. Martin Crutsinger, AP Economics Writer, previously wrote,” U.S. Trade Deficit Falls 0.3 Percent in June to $64.8B, Offsetting Jump in Chinese Imports. Dell Recall Stems From sony Production Flaw WASHINGTON (AP) -- America's trade deficit showed a slight improvement as strong global growth pushed U.S. exports to a record level. That helped offset a surge in Chinese imports and record crude oil prices. The deficit declined 0.3 percent in June, compared with May, dropping to $64.8 billion, still the fifth largest imbalance on record, the Commerce Department reported Thursday. The deficit is running at an annual rate of $768 billion through the first six months of this year, putting the country on track to see a fifth straight record imbalance. Last year's deficit was $716.7 billion. Prior considerations remain apposite in this clearly overvalued market. The frauds on wall street feel compelled to continue their tradition/superstition/fraud tactic of buying on the rumor and selling on the news (fact) of the Fed’s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money. Yahoo previously commented: Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance....., to which I responded, Wild..... I’ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported and will now join gm in worker buyouts; but both GM and Ford will now offer built-in ipods which should substantially help their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Analyst says GM good news now behind it (past/discounted), yet stock still rose upon said analysis …..riiiiight….. daaaaah! Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal, maybe even suspension, that has cast a harsh light on Silicon Valley's compensation practices. Don’t forget that GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland lunatic world of wall street is of course good news. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it’s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very commissionable (investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $73; yes, as in the last crash, they will get fooled again’ as stocks up sharply in the fraudulent alice-in-wonderland lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the pundits/analysts are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley (who also says that in Europe bush’s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the “better than expectations” game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. Spotlight on the Stock Option Scandal-The share prices of companies involved in stock options backdating have held up well compared to the broader market. But shareholders might be in for a rougher ride. Plus, why the Nasdaq has its hands full. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived pearl harbor effect)/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they’ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don’t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.
US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)
The United States is heading for bankruptcy, according to an extraordinary paper published by one of the key members of the country's central bank.
A ballooning budget deficit and a pensions and welfare timebomb could send the economic superpower into insolvency, according to research by Professor Laurence Kotlikoff for the Federal Reserve Bank of St Louis, a leading constituent of the US Federal Reserve.
Prof Kotlikoff said that, by some measures, the US is already bankrupt. "To paraphrase the Oxford English Dictionary, is the United States at the end of its resources, exhausted, stripped bare, destitute, bereft, wanting in property, or wrecked in consequence of failure to pay its creditors," he asked.
According to his central analysis, "the US government is, indeed, bankrupt, insofar as it will be unable to pay its creditors, who, in this context, are current and future generations to whom it has explicitly or implicitly promised future net payments of various kinds''.
The budget deficit in the US is not massive. The Bush administration this week cut its forecasts for the fiscal shortfall this year by almost a third, saying it will come in at 2.3pc of gross domestic product. This is smaller than most European countries - including the UK - which have deficits north of 3pc of GDP.
Prof Kotlikoff, who teaches at Boston University, says: "The proper way to consider a country's solvency is to examine the lifetime fiscal burdens facing current and future generations. If these burdens exceed the resources of those generations, get close to doing so, or simply get so high as to preclude their full collection, the country's policy will be unsustainable and can constitute or lead to national bankruptcy.
"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."
Experts have calculated that the country's long-term "fiscal gap" between all future government spending and all future receipts will widen immensely as the Baby Boomer generation retires, and as the amount the state will have to spend on healthcare and pensions soars. The total fiscal gap could be an almost incomprehensible $65.9 trillion, according to a study by Professors Gokhale and Smetters.
The figure is massive because President George W Bush has made major tax cuts in recent years, and because the bill for Medicare, which provides health insurance for the elderly, and Medicaid, which does likewise for the poor, will increase greatly due to demographics.
Prof Kotlikoff said: "This figure is more than five times US GDP and almost twice the size of national wealth. One way to wrap one's head around $65.9trillion is to ask what fiscal adjustments are needed to eliminate this red hole. The answers are terrifying. One solution is an immediate and permanent doubling of personal and corporate income taxes. Another is an immediate and permanent two-thirds cut in Social Security and Medicare benefits. A third alternative, were it feasible, would be to immediately and permanently cut all federal discretionary spending by 143pc."
The scenario has serious implications for the dollar. If investors lose confidence in the US's future, and suspect the country may at some point allow inflation to erode away its debts, they may reduce their holdings of US Treasury bonds.
Prof Kotlikoff said: "The United States has experienced high rates of inflation in the past and appears to be running the same type of fiscal policies that engendered hyperinflations in 20 countries over the past century."
UPDATE - Two former NYSE traders found guilty of fraud
Stock market staggers, but investors still may be too optimistic
Commentary: Newsletters react to stock markets' losing week
By Peter Brimelow, MarketWatch 12:04 AM ET Jul 17, 2006
Investors may still be too optimistic
NEW YORK (MarketWatch) -- First, a proprietary word: on Friday night, the Hulbert Stock Newsletter Sentiment Index (HSNSI), which reflects the average recommended stock market exposure among a subset of short-term market timing newsletters tracked by the Hulbert Financial Digest, stood at plus-23.8%. This was certainly below the 31.4% it showed on Tuesday night, when Mark Hulbert worried, presciently we must say, that it was too strong from a contrary opinion point of view. But it's still above its 12.6% reading at end of June, although, Mark pointed out, the stock market had declined in the interim. And since Mark wrote, the Dow Jones Industrial Average has had three triple-digit down days.
Not good.
Dow Theory Letters' Richard Russell wrote Friday morning: "If the Dow breaks support at 10,760, I think we could have some nasty action, even some crash-type action." But, perhaps significantly, Russell did not quite hit the panic button when the Dow did indeed close at 10,739 Friday night.
He simply remarked, supporting the contrary opinion view: "Three days in a row with the Dow down over 100 points each day -- you don't see that very often. But still no signs of real fear, no capitulation, no panic -- just down, down, and down. The key consideration here is that there is still no sign of big money coming into this market. In fact, the big money has been leaving this market all year. ... The longer the market continues down without a panic decline, the worse the ultimate panic will be when it arrives."
What is Wrong with the Stock Market?
Dr. Khaled Batarfi

John D. Rockefeller was once asked why he decided to sell all his stocks just months before the 1929 Wall Street Crash. He explained: One morning, I was on the way to my office and stopped to have my shoes polished. The guy asked my advice about the shares he bought. If people with this kind of talent were now playing the market, I knew there was something wrong.....

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006
WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):
July 17 July 14 (respectively)
Fed acct 4.087 4.935
Tax/loan note acct 10.502 10.155
Cash balance 14.589 15.192
National debt,
subject to limit 8,311.633 8,323.084
The statutory debt limit is $8.965 trillion.
The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.

(8-24-06) Suckers bear market rally into the close as the wall street fraud continues to suck the suckers in; ie., as the Dow Jones industrial average up 6.56 , Standard & Poor's 500 index up 3.07, and the Nasdaq composite index up 2.45, all very commissionable on heavy volume. Leading economic indicators previously fell .1% though expected to show an increase, and in addition to the larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels , new home sales fell 4.3%, and a larger than expected 2.4% decline in July durable orders which are negatives anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows from Yahoo: Before the bell, the Commerce Dept. reported a larger than expected 2.4% decline in July durable orders. However, since that was largely due to a sharp drop in the very volatile transportation component, the strong underlying trend in new orders further suggested that business investment will continue to provide a lift to the economy despite the slowdown in consumer spending, offering some early optimism. AP - Wall Street managed a razor-thin gain Thursday as investors sifted through data that pointed to stable interest rates but also suggested the economy has moderated more than expected.
New Home Sales Drop 4.3 Percent in July AP
Apple Recalls 1.8 Million Sony Batteries AP
J. Crew Posts Wider Loss in 2nd Quarter AP
There is nothing to rationally justify the previous up move or mixed results in the market other than what is tantamount to a negative, and based upon spurious data from the government; ie., fake government numbers said total PPI rose a smaller than expected 0.1% (consensus 0.4%) in July, which was well below the 0.5% jump in June, while the more closely watched core rate (ex-food and energy) unexpectedly (RIIIIIGHT!) fell 0.3% (consensus +0.2%) -- the first decline since October and the largest drop since a 0.5% decline in April 2003. Home Sales Decline in 28 States, D.C.. Real estate prices down/stagnant. But housing stocks…..up.....riiiiight!.....in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down. Martin Crutsinger, AP Economics Writer, previously wrote,” U.S. Trade Deficit Falls 0.3 Percent in June to $64.8B, Offsetting Jump in Chinese Imports. Dell Recall Stems From sony Production Flaw WASHINGTON (AP) -- America's trade deficit showed a slight improvement as strong global growth pushed U.S. exports to a record level. That helped offset a surge in Chinese imports and record crude oil prices. The deficit declined 0.3 percent in June, compared with May, dropping to $64.8 billion, still the fifth largest imbalance on record, the Commerce Department reported Thursday. The deficit is running at an annual rate of $768 billion through the first six months of this year, putting the country on track to see a fifth straight record imbalance. Last year's deficit was $716.7 billion. Prior considerations remain apposite in this clearly overvalued market. The frauds on wall street feel compelled to continue their tradition/superstition/fraud tactic of buying on the rumor and selling on the news (fact) of the Fed’s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money. Yahoo previously commented: Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance....., to which I responded, Wild..... I’ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported and will now join gm in worker buyouts; but both GM and Ford will now offer built-in ipods which should substantially help their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Analyst says GM good news now behind it (past/discounted), yet stock still rose upon said analysis …..riiiiight….. daaaaah! Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal, maybe even suspension, that has cast a harsh light on Silicon Valley's compensation practices. Don’t forget that GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland lunatic world of wall street is of course good news. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it’s not rational investors that are racking up commission dollars trading in and out of stocks like termites eating away at the huge capital funds which they control. Nothing constituting real value would account for the fraudulent rally mode this and other days. Highly leveraged obfuscating mergers/acquisitions, also very commissionable (investment bankers/brokers), and historically have more often than not ended quite badly; oil prices now above $72; yes, as in the last crash, they will get fooled again’ as stocks up sharply in the fraudulent alice-in-wonderland lunatic world of wall street where down is up and up is down. The stock market has never been so backward-looking. Indeed, amazingly, the pundits/analysts are even talking SEASONAL considerations in their fraud in the inducement which is the height of absurdity (such things are discounted well in advance in a rational market). The once objective, fact-oriented Barrons publication has now become a shill for the continuing fraud on wall street. Bush no conservative says Buckley (who also says that in Europe bush’s failed war policies would have required his expected resignation).....daaaaah!; neither are the hillbillies clintons and papa hillbilly bush. CNN's DOBBS BLASTS U.S. ISRAEL POLICY... BUCHANAN: 'Israel policy violates international law, is un-American and un-Christian'... The government is also catching on and playing the “better than expectations” game with the still very substantial deficit numbers, clouded by the use of social security funds used in the general fund rather than allocated for the defacto bankrupt social security system where they belong. ! Remember, leading economic indicators are down .6 percent continuing an ignored (by wall street frauds) downward trend/weakness extending back to the summer, 2005. Options scandal as was inherent in the (fraudulent) dotcom bust is extent and under way in nasdaq particularly. Spotlight on the Stock Option Scandal-The share prices of companies involved in stock options backdating have held up well compared to the broader market. But shareholders might be in for a rougher ride. Plus, why the Nasdaq has its hands full. I previously warned be very skeptical of up-coming government/corporate/collaborative/wall street data inasmuch as they are quite desperate and have proven [ie., illegal Iraq war/occupation, 911 attack(for the neocon contrived pearl harbor effect)/who ordered NORAD to stand down?/who were the pre911(within days) short-sellers?/the twin towers implosion, the missile that hit the pentagon precisely in the area that housed the army investigators who announced days before the opening of an investigation into a substantial pentagon fraud, etc.] that the truth is no obstacle when falsity is expedient and the lunatic frauds on wall street will try to tell you what’s up is down and what’s down is up. Lou Dobbs gets paid a lot of money to keep track of such things and doubts the verity of the government numbers. He is riiiiight! The catch-22 is that the defacto bankrupt u.s. is printing worthless paper (so much so that they’ve stopped reporting M3) and borrowing beyond sustainability, which is hyperinflationary despite false government numbers (ie., core inflation number to fraudulently decrease yield to ibond holders, etc.). Higher interest rates to prop worthless dollar and finance deficits inevitable despite wishin', hopin', and lyin’ to the contrary; foreclosures up, housing down, default notices up 67% (particularly in california, ie., orange, la, ventura, counties etc.) nationwide. Don’t forget: the equity in housing has been stripped out of real estate by way of the refinancing boom, which artificially stimulated the economic numbers while ultimately leaving buyers with debt exceeding actual property values. There is substantial downside bias in light of real economic considerations, particularly beyond the moment/trading day given that this bull (s**t) cycle in this indisputable secular bear market is over. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.
US '.....going bankrupt'
By Edmund Conway, Economics Editor (Filed: 14/07/2006)
The United States is heading for bankruptcy, according to an extraordinary paper published by one of the key members of the country's central bank.
A ballooning budget deficit and a pensions and welfare timebomb could send the economic superpower into insolvency, according to research by Professor Laurence Kotlikoff for the Federal Reserve Bank of St Louis, a leading constituent of the US Federal Reserve.
Prof Kotlikoff said that, by some measures, the US is already bankrupt. "To paraphrase the Oxford English Dictionary, is the United States at the end of its resources, exhausted, stripped bare, destitute, bereft, wanting in property, or wrecked in consequence of failure to pay its creditors," he asked.
According to his central analysis, "the US government is, indeed, bankrupt, insofar as it will be unable to pay its creditors, who, in this context, are current and future generations to whom it has explicitly or implicitly promised future net payments of various kinds''.
The budget deficit in the US is not massive. The Bush administration this week cut its forecasts for the fiscal shortfall this year by almost a third, saying it will come in at 2.3pc of gross domestic product. This is smaller than most European countries - including the UK - which have deficits north of 3pc of GDP.
Prof Kotlikoff, who teaches at Boston University, says: "The proper way to consider a country's solvency is to examine the lifetime fiscal burdens facing current and future generations. If these burdens exceed the resources of those generations, get close to doing so, or simply get so high as to preclude their full collection, the country's policy will be unsustainable and can constitute or lead to national bankruptcy.
"Does the United States fit this bill? No one knows for sure, but there are strong reasons to believe the United States may be going broke."
Experts have calculated that the country's long-term "fiscal gap" between all future government spending and all future receipts will widen immensely as the Baby Boomer generation retires, and as the amount the state will have to spend on healthcare and pensions soars. The total fiscal gap could be an almost incomprehensible $65.9 trillion, according to a study by Professors Gokhale and Smetters.
The figure is massive because President George W Bush has made major tax cuts in recent years, and because the bill for Medicare, which provides health insurance for the elderly, and Medicaid, which does likewise for the poor, will increase greatly due to demographics.
Prof Kotlikoff said: "This figure is more than five times US GDP and almost twice the size of national wealth. One way to wrap one's head around $65.9trillion is to ask what fiscal adjustments are needed to eliminate this red hole. The answers are terrifying. One solution is an immediate and permanent doubling of personal and corporate income taxes. Another is an immediate and permanent two-thirds cut in Social Security and Medicare benefits. A third alternative, were it feasible, would be to immediately and permanently cut all federal discretionary spending by 143pc."
The scenario has serious implications for the dollar. If investors lose confidence in the US's future, and suspect the country may at some point allow inflation to erode away its debts, they may reduce their holdings of US Treasury bonds.
Prof Kotlikoff said: "The United States has experienced high rates of inflation in the past and appears to be running the same type of fiscal policies that engendered hyperinflations in 20 countries over the past century."
UPDATE - Two former NYSE traders found guilty of fraud
Stock market staggers, but investors still may be too optimistic
Commentary: Newsletters react to stock markets' losing week
By Peter Brimelow, MarketWatch 12:04 AM ET Jul 17, 2006
Investors may still be too optimistic
NEW YORK (MarketWatch) -- First, a proprietary word: on Friday night, the Hulbert Stock Newsletter Sentiment Index (HSNSI), which reflects the average recommended stock market exposure among a subset of short-term market timing newsletters tracked by the Hulbert Financial Digest, stood at plus-23.8%. This was certainly below the 31.4% it showed on Tuesday night, when Mark Hulbert worried, presciently we must say, that it was too strong from a contrary opinion point of view. But it's still above its 12.6% reading at end of June, although, Mark pointed out, the stock market had declined in the interim. And since Mark wrote, the Dow Jones Industrial Average has had three triple-digit down days.
Not good.
Dow Theory Letters' Richard Russell wrote Friday morning: "If the Dow breaks support at 10,760, I think we could have some nasty action, even some crash-type action." But, perhaps significantly, Russell did not quite hit the panic button when the Dow did indeed close at 10,739 Friday night.
He simply remarked, supporting the contrary opinion view: "Three days in a row with the Dow down over 100 points each day -- you don't see that very often. But still no signs of real fear, no capitulation, no panic -- just down, down, and down. The key consideration here is that there is still no sign of big money coming into this market. In fact, the big money has been leaving this market all year. ... The longer the market continues down without a panic decline, the worse the ultimate panic will be when it arrives."
What is Wrong with the Stock Market?
Dr. Khaled Batarfi

John D. Rockefeller was once asked why he decided to sell all his stocks just months before the 1929 Wall Street Crash. He explained: One morning, I was on the way to my office and stopped to have my shoes polished. The guy asked my advice about the shares he bought. If people with this kind of talent were now playing the market, I knew there was something wrong.....

U.S. Treasury balances at Fed fell on July 17Tue Jul 18, 2006
WASHINGTON, July 18 (Reuters) - U.S. Treasury balances at the Federal Reserve, based on the Treasury Department's latest budget statement (billions of dollars, except where noted):
July 17 July 14 (respectively)
Fed acct 4.087 4.935
Tax/loan note acct 10.502 10.155
Cash balance 14.589 15.192
National debt,
subject to limit 8,311.633 8,323.084
The statutory debt limit is $8.965 trillion.
The Treasury said there were $192 million in individual tax refunds and $23 million in corporate tax refunds issued.
(8-23-06) Stocks drop still only modestly relative to reality as the wall street fraud continues to suck the suckers in; ie., as the Dow Jones industrial average fell 41.94, Standard & Poor's 500 index lost 5.83, and the Nasdaq composite index dropped 15.36, all very commissionable on heavy volume. Leading economic indicators previously fell .1% though expected to show an increase, which is a negative anywhere but in the alice-in-wonderland lunatic world of wall street where same is greeted as good news as also follows from Yahoo: Sellers regained complete control Wednesday as fresh signs of an economic slowdown returned, closing stocks lower across the board. Kicking things off on a sour note was a larger than expected 4.1% drop in July existing home sales to its lowest level in over two years and lifted inventories to record levels, raising concerns the economy is slowing too much and that corporate profits will suffer. The Dow decreased 0.37% closing at 11298, the Nasdaq was down 0.71% to finish at 2135, and the S&P was down 0.45% to finish at 1293. Leading sectors included: Forest Products +1.9%, Office Electronics +1.6%, Education Services +1.5%, Wireless Services +1.3%, Semi Equip +1.2%. Lagging sectors included: Real Estate Management -5.0%, Oil and Gas Refining --2.9%, Homebuilding -2.8%, Steel -2.7%, Electric Manufacturing --2.5%. Today's movement came from lower volume (NYSE 1214, vs. closing avg of 1618; Nasdaq 1500, vs. 1881), with decliners outpacing advancers (NYSE 1021/2221; Nasdaq 1001/1998, and with NYSE new highs outpacing new lows and Nasdaq new lows outpacing new highs (NYSE 99/38, Nasdaq 55/80). According to AP - Wall Street fell for a third straight session Wednesday as fresh signs of a housing slump triggered concerns that the economy is slowing too fast and could erode corporate profits.
Existing Home Sales Off 4.1 Pct. in July AP
Oil Prices Drop by More Than $1 a Barrel AP
Slowing Pickup Truck Sales Hurt Profits AP
There is nothing to rationally justify the previous up move or mixed results in the market other than what is tantamount to a negative, and based upon spurious data from the government; ie., fake government numbers said total PPI rose a smaller than expected 0.1% (consensus 0.4%) in July, which was well below the 0.5% jump in June, while the more closely watched core rate (ex-food and energy) unexpectedly (RIIIIIGHT!) fell 0.3% (consensus +0.2%) -- the first decline since October and the largest drop since a 0.5% decline in April 2003. Home Sales Decline in 28 States, D.C.. Real estate prices down/stagnant. But housing stocks…..up.....riiiiight!.....in the fraudulent "alice-in-wonderland" lunatic world of wall street where down is up and up is down. Martin Crutsinger, AP Economics Writer, previously wrote,” U.S. Trade Deficit Falls 0.3 Percent in June to $64.8B, Offsetting Jump in Chinese Imports. Dell Recall Stems From sony Production Flaw WASHINGTON (AP) -- America's trade deficit showed a slight improvement as strong global growth pushed U.S. exports to a record level. That helped offset a surge in Chinese imports and record crude oil prices. The deficit declined 0.3 percent in June, compared with May, dropping to $64.8 billion, still the fifth largest imbalance on record, the Commerce Department reported Thursday. The deficit is running at an annual rate of $768 billion through the first six months of this year, putting the country on track to see a fifth straight record imbalance. Last year's deficit was $716.7 billion. Prior considerations remain apposite in this clearly overvalued market. The frauds on wall street feel compelled to continue their tradition/superstition/fraud tactic of buying on the rumor and selling on the news (fact) of the Fed’s temporary pause in rate hikes. You see, the facts/news do not rationally warrant holding dollar based securities/stocks but provide a means to scam the stupid money, to the benefit of the wall street frauds/scammers and smart money. Yahoo previously commented: Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting. Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate rose for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance....., to which I responded, Wild..... I’ll give you wild: GM says their quarterly loss was $3.4 billion and not 3.2 billion as reported; Ford says their loss was $200 million dollars more than they previously reported and will now join gm in worker buyouts; but both GM and Ford will now offer built-in ipods which should substantially help their core business of building cars; meanwhile, options/accounting scandal/subterfuge occurring at the apple ipod (anything but computers) company. Analyst says GM good news now behind it (past/discounted), yet stock still rose upon said analysis …..riiiiight….. daaaaah! Apple Computer Inc. warned Thursday that it may have to revise its profits dating back to 2002 in a worsening stock option scandal, maybe even suspension, that has cast a harsh light on Silicon Valley's compensation practices. Don’t forget that GDP growth slowed substantially and below expectations at 2.5% which in the alice-in-wonderland lunatic world of wall street is of course good news. Stagflation? The fact is that no rational investor would choose dollar based stocks/securities when they could get less risky/liquid 5% yielding cds, money market instruments, short-term treasuries/funds, etc.. However it’s not rational investors that are racking up commission dollars trading in and out of stocks like termites eat

Anonymous writes:


(9-8-06) Suckers bear market rally is nothing less than a defacto fraud by the lunatic frauds on wall street to suck the suckers in; ie., dow up 60 points, all very commissionable on moderate volume. Despite the foregoing, the churn and earn commission dollars were still flowing, big time. Almost all computerized volume is and must be

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