12.30.2009 SPX & Summary of the Financial Reform Legislation

With the snow storm, online sale only rose 5% tells us a lot about the Holiday retail sales. Financial markets is painted with very rosy picture while US economy is painted with very rosy depression stain-glass US Online Holiday Spending Rose 5%: ComScore

Summary of the Financial Reform Legislation shows a very little change except more benefit for big banks (aka the Fed) as more squeeze out of small guys grabbed by balls.

Next Melt down: This is setting up for the next melt down looking like a child game of the 2007-2008 melt-down. We will face massive bankruptcies and foreclosures as the worst is not behind us in reality even though media is spinning rosy stories.

• H.R. 4173, the financial-reform legislation
  •Bankers Get $4 Trillion Gift From Barney Frank: David Reilly
  

  Here are some of the nuggets I gleaned from days spent reading Frank’s handiwork:
  
  -- For all its heft, the bill doesn’t once mention the words “too-big-to-fail,” the main issue confronting the financial system. Admitting you have a problem, as any 12- stepper knows, is the crucial first step toward recovery.
  
  -- Instead, it supports the biggest banks. It authorizes Federal Reserve banks to provide as much as $4 trillion in emergency funding the next time Wall Street crashes. So much for “no-more-bailouts” talk. That is more than twice what the Fed pumped into markets this time around. The size of the fund makes the bribes in the Senate’s health-care bill look minuscule.
  
  -- Oh, hold on, the Federal Reserve and Treasury Secretary can’t authorize these funds unless “there is at least a 99 percent likelihood that all funds and interest will be paid back.” Too bad the same models used to foresee the housing meltdown probably will be used to predict this likelihood as well.

• • US Online Holiday Spending Rose 5%: ComScore

  • Panel OKs Duties on China Steel in Landmark Trade Case

    A U.S. trade panel gave final approval Wednesday to duties ranging from about 10 to 16 percent on Chinese-made steel pipe in the biggest U.S. trade case to date against China. China Vows to Cut Red Tape for Foreign Investors

  • Volatility Will Increase, US Will Lead in 2010: Marc Faber
  • US Online Holiday Spending Rose 5%: ComScore
  • Saab Says Bid Deadline Dropped, To Resume Output

    General Motors has dropped a Dec. 31 deadline for bids for its Swedish car brand Saab, which will restart some production lines in January after a shutdown, Saab said on Wednesday. 2010 Automobile All-Stars

  • China Vows To Cut Red Tape for Foreign Investors
  • US Banks May Only Be Deferring Anger on Pay
  • Govt to Give $3.5 Billion in Extra Aid to GMAC: Report
  • Riskiest Lenders Were Also Fiercest Lobbyists: IMF
  • Democrats Want Transport Security Post Filled Now
  • New Information Shows Al Qaeda Links With Attacker
  • Fox TV Chief: $1 Per Subscriber 'Reasonable'
  • Soft Economy Yields Great Deals for Winter Getaways
  • Target Was Victim of Hacker Albert Gonzalez
  • Madoff Released From Medical Unit, Returns to Prison
  • JAL Shares Tumble to Record Low on Bankruptcy Fears
  • • Charts: Sterling is the New Carry-Trade Currency
    • Chance of a Double Dip Is 50%: Analyst
    • Gartman: 3 Stocks Making Impressive Moves
    • Natural Gas Price Crash Is 'Good News': Analyst
    • Stay 'Fully Invested': Stock Picker
    • Citi: The Can't Lose Trade of 2010?
    • Cramer: 10 Stocks to Buy Your Kids in 2010
    • •Stocks Fall Worldwide, Led by Commodity Companies; Canadian Dollar Weakens •Russia Unbeatable for Emerging Market Funds as Kudrin Says Stocks Too High •M&A Rebound May Be Years Away as Morgan Stanley Predicts `Gentle Recovery' •Aiful Credit-Default Swaps to Be Paid Out After Lender Delays Repayments •Options Trading Rises to Record in U.S. Following 66% Advance in S&P 500 •Worst U.S. Funds of Decade Never Recovered From Technology-Stock Debacle •Illinois Leads $9.8 Billion of Municipal Bond Sales Planned for Early 2010 •Obama Says U.S. Missed `Red Flags' Before Northwest Airlines Bomb Attempt •Iran Detains 1,000 in Crackdown on Opposition Protests, Rights Group Says
    • •Fatal Flying on Commuter Airlines No Accident in Aviator Complaints to FAA •Schapiro Whipsawed by Wall Street and Lawmakers Defers SEC Market Overhaul •PG&E Customer Revolt Over Meters May Slow Deployment of Obama's Smart Grid •Scholastic Graduates From Harry Potter to Obama's Stimulus for Sales Help •Fox Network Chief Seeks Progress in Negotiations With Time Warner Cable •China BAK Says Speculation of Google Order That Stoked Shares is Unfounded
    • •Hatoyama Sets Japan Economic Growth Target of More Than 2% in Next Decade • U.S. Businesses Probably Expanded for Third Month, Chicago Index May Show
    • •Bankers Get $4 Trillion Gift From Barney Frank: David Reilly •Kids Toys, Pay Hikes Keep Leftists in Power: Alexandre Marinis

Market Hype - Economic Hit Men - Greenspan/Bernanke

* Fire hell Bernanke: Without Bipartisan Support, Bernanke Should Withdraw

Helicopter Ben Bernanke passed his reconfirmation vote in the Senate Banking Committee last week. -By: Larry Kudlow

But he passed by 16 to 7. Most of the Republicans voted against Bernanke, as did one Democrat, Sen. Jeff Merkley of Oregon. The reconfirmation now goes to the floor of the Senate, where it’s going to be held up for a while. (Sen. Jim DeMint and others are insisting that a vote on the Government Accounting Office’s audit of the Fed occur first.) But when the final vote happens, I think Bernanke could be in trouble.

Numbers do not lie. Bankruptcies and Deficits....

It was Greenspan's telling Bush and now Bernanke to Obama. Now, bankruptcies and the nation is going bankrupt while financial markets are hyped and manipulated.

The numbers do not lie - so, we can skip the market hype as make rational conclusions about what is really going on.

Since Greenspan told Bush to jack up the national debt in 2001 after intentionally repealing the "Glass-Steagall" act to manipulate "R.E. bubble/crash", we are now seeing more national debt and bankruptcies.

The terrorist osama was exactly right about the FED robbing Americans using market hype and economic bubble/burst. Millions of Americans going bankrupt as well as the nations around the world. http://www.cnbc.com/id/34513221

The FED Bernanke is pumping markets as usual -- continuing the Greenspan robbing Americans and the nation hyping markets.

$COMPX 2237.66 25.97 1.17% 1,798,148
$INDU 10414.14 85.25 0.83% 1,090,447
$INX 1114.05 11.58 1.05%

The FED greedy pigs still hyping markets as we have seen a complete deception for decades.
The CEO names will be changed, but the underlying manipulation will continue, of course.

The 10 Most Influential People on Wall Street

Chicago Fed Chief: 'No Urgent Need' to Raise Interest Rates

The economy will continue to grow over the next few years, though unemployment will remain high and inflation tame, so there's "no urgent need" for the Federal Reverse to change its low-interest rate policy, Chicago Federal Reserve President

Economic Hit Man

Confessions of an Economic Hit Man is John Perkins’ fast-paced autobiography, which reveals his career as an economist for an international consulting firm. Perkins says he was actually an “Economic Hit Man.” His job was to convince countries that are strategically important to the United States to accept enormous loans for infrastructure development and to make sure that the lucrative projects were contracted to U.S. corporations.

Perkins takes the reader through his career and explains how he created economic projections for countries to accept billions of dollars in loans they surely couldn’t afford. He shares his battle with his conscience over these actions and offers advice for how Americans can work to end these practices which have directly resulted in terrorist attacks and animosity towards the United States.

What Is An Economic Hit Man?

Perkins defines economic hit men as “highly paid professionals who cheat countries around the globe out of trillions of dollars. They funnel money from the World Bank, the U.S. Agency for International Development (USAID), and other foreign ‘aid’ organizations into the coffers of huge corporations and the pockets of a few wealthy families who control the planet’s natural resources.

Their tools include fraudulent financial reports, rigged elections, payoffs, extortion, sex, and murder. They play a game as old as empire, but one that has taken on new and terrifying dimensions during this time of globalization.” In Perkins’ case, he was hired as an economist for the international consulting firm of Chas. T. Main, Inc. (MAIN). He was told in confidential meetings with “special consultant” to the company Claudine Martin that he had two primary objectives: ... http://www.wanttoknow.info/johnperkinseconomichitman

• • Firms Continue to Hire Temps While Waiting for a Recovery

    “When a job comes open now, our members fill it with a temp, or they extend a part-timer’s hours...and then they wait to see what will happen next,” one small-business group told the NY Times. States With Biggest Unemployment

  • Chicago Fed Chief: 'No Urgent Need' to Raise Rates
  • Stiglitz Warns US Economy May Contract Next Year
  • Web Retailers Extend Shipping Deadlines For Consumers
    • Snow Keeps Shoppers From Stores
    • Shipping Rush is On

  • The 10 Most Influential People on Wall Street

  • US Health Bill Passes Crucial Senate Test
  • Investors Boost Stocks, Cut Cash on Recovery Optimism
  • Borrowers with Modified Loans Falling into Trouble
  • GM Picks Former Microsoft CFO to Run Its Finances
  • Green Power Comes Slowly for Trucking Industry
  • Dubai World Offers Creditors No Plan on Debt Delay
  • Sanofi Spreads Wings With $1.9 Billion Chattem Deal

12.18.2009 Auditing the FED & News media

• Health-care bill wouldn't bring real reform ~ of course, it is about benefiting "Health Insurance Companies". Anyone is still fooled with obama-osama-drama?

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This explains a significant piece of puzzle to the entire scheme.

Jan 25, 2001: The Maestro's dubious debt warning
Just days after President George W. Bush took office, Fed chief Alan Greenspan admonished budgeteers about the dangers of -- get this -- too little federal debt.

"At zero debt, the continuing unified budget surpluses currently projected imply a major accumulation of private assets by the federal government," Greenspan told the Senate Budget Committee.

http://money.cnn.com/galleries/2009/fortune/0912/gallery.dumbest_moments_decade.fortune/2.html

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• • Man of the Year? More Like Senate's New Whipping Boy

    “There's all this frustration about the bailout, the money, the Fed being asleep at the switch too long, so it's coming out as Bernanke bashing,” says a Washington insider. Kudlow: Should 'Helicopter Ben' Withdraw His Name?

  • Jobs Picture Showed Progress In Most US States Last Month

    Most US states saw unemployment decline in November, according to a government report, the latest sign that the jobs picture is beginning to improve as the economy recovers. Many Traumatized by Job Loss Boomers Can't Find a Job

  • After Big Year, Junk Bonds May See Smaller Gains
    • Junk Bonds are Overbought—Look Here Instead: Strategist
  • Estate Tax Is Expiring, but Death Won’t Last
  • At Bank of America, a Chief Steps in Where Few Can
  • Kudlow: Should 'Helicopter Ben' Withdraw His Name?
  • Zale Halts New Orders as Holiday Sales Slide: Report
  • Six More Months of Carry Trade: Roubini
  • Top Markets: Brazil in 2009, Ukraine in Decade
  • Will Holiday Season's Last Hurrah Bring Retailers Cheer?

  • Government Debt Issuers in the Most Trouble

  • Busch: Chinese Real Estate Party Over?
  • Merger Activity to Show Tepid Recovery in 2010
  • Blog: The Big Business of 'Avatar'
  • Oil Rises Near $74 on Iran, Iraq Reports

12.17.2009 News Media pro.pagan.da

Markets advanced without any pull back for the last 10 months even though we are seeing -D since July 2009. Any meaningful correction...

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  Weekly Jobless Claims Rise as Labor Market Still Weak The number of U.S. workers filing new applications for jobless insurance unexpectedly rose last week, numbers that still suggested the labor market was improving. Americans Sour on Economy Trauma of Joblessness in U.S.

• FedEx Cautious on Current Quarter Profit, Shares Slip

  Shipping company FedEx reported quarterly earnings in line with earlier guidance Thursday, but its projections for profit in the current quarter was well below Wall Street expectations. FedEx Among Top US Employers

• Whitney Cuts Goldman, Morgan Profit Estimates
• US Delays its $5 Billion Citi Sale After Weak Pricing
  • Citi Offering a 'Terrible Error': Bove
• Top 10 Outrageous Predictions for 2010
• Bank of America Elects Brian Moynihan as New CEO
• US House Approves $155 Billion Jobs Bill
  • White House Now Looks to Broadband to Boost Jobs
• 4 Big Mortgage Backers Swim in Ocean of Debt
• Poll: Americans Most Pessimistic Since January
• Copenhagen Climate Talks in Trouble, Blame Begins
• General Mills Posts Higher Profit, Raises View
• Shaolin Monks Look to Market to Raise $150 Million
• Treasury Seeks More Lending Data From TARP Firms

http://www.cnbc.com/id/34460840

ES/SPX weekly & Audit of the Fed Legislation

Major markets retraced 50% - 90% of the Oct 2007 bubble market level based on national debt spending without any meaningful retracement since the March 2009 low -- advancing almost SPY/SPX 50% for example. ES/SPX retraced 50% as shown on the ES Weekly chart with negative divergences since July 2009. Going into the FOMC announcement tomorrow and the FED Bernanke confirmation hearing, markets are trading at the upper range.

The formation shows "Big Dipper" and also it used to be "Irish National".

Auditing the FED legislation

Renewing the Glass-Steagall act

http://trend-signals.blogspot.com/2009/12/reacting-glass-steagall-law.html

12.15.2009 News Media propagan-da Audit of the Fed Legislation

The Fed Treasury scheme ~ nightmare of greenshoot ~ osama - obama - drama
The terrorist osama was exactly right on the Fed/markets - they will rob you using bubble/burst market scams

• • Investors Watching for Hints on When Fed Will Raise Rates

    The Federal Reserve is expected to leave interest rates at a record low this week. The big question is whether Chairman Ben Bernanke and his colleagues will hint about when they will start boosting rates. Senate Panel to Vote on Bernanke Thursday

  • Wholesale Inflation Heats Up; New York Manufacturing Weak

    U.S. producer prices rose more than expected in November, lifted by a surge in energy costs, and recorded the first year-on-year gain since last November. Deficits Must Be Curbed to Save Economy

  • Public Debt Risk Rising, Turbulent Year Ahead: Moody's
  • Best Buy Shares Fall on Tepid Margin View
  • Wells Raises $12.25 Billion As Share Offering Is Expanded

    Wells Fargo said it raised a bigger-than-expected $12.25 billion to help repay the TARP after a share offering was increased due to demand from underwriters. Slideshow: World's Safest Banks

  • Goldman Faces Lawsuit over Anticipated Bonuses
    • Citi's '09 Pay, Bonus Cuts to Stay in Place
  • Citi, Wells Fargo to Repay $45 Billion in Bailout Funds
  • Capital One, Discover Credit Card Charge-Offs Rise
  • Boeing Determined 787 Will Finally Fly
  • AIG Top Staff Struggle Financially: Report
  • China Outstrips US as Center for IPOs
  • Obama To Bankers: Help Economy, Support Regulations

12.14.2009 News Media propagan-da

Obviously, financial market price action is just another dupe transferring money out of Treasury to pump markets giving false impression of a sense of security. It is just different show played by different actors.

The greed nightmare of dark new world order ~ i.e. Treasury Robbery


Bankrupting Treasury to pump financial markets while bankers are literally swindling millions and trillions.

• Deficits Must Be Curbed or It's Disaster For Economy: Study

  A bipartisan group of former lawmakers and budget officials called on Congress and President Barack Obama Monday to commit to reining in trillion-dollar plus budget deficits to avoid dragging down the economy. Americans Sour on Economy

  
  
• The World's Biggest Debtor Nations
• British Airways facing Christmas strikes
  British Airways cabin crew vote to strike from 22 December, threatening major Christmas disruption to passengers.
• Statue slams into leader's face

Many to spend less on gifts CNNMoney

Obama meets with bankers Fortune

Source:'Alarming' Iran nuke document

SAC Capital Has a Reverse Midas Touch With Spinoffs

When it comes to hedge fund spinoffs, Steven A. Cohen's SAC Capital Advisors has produced a surprisingly consistent string of duds.

Isaac: Was TARP Worth It?

Worst of Bank Failures Isn't Over Yet: FDIC's Bair

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  • Abu Dhabi's eleventh-hour bailout of neighbor Dubai will reassure investors in the short term, but with $35 billion of debts looming and little clarity on how it will pay, Dubai's troubles are far from over. Abu Dhabi Throws Dubai a Lifeline

  • Citigroup to Repay $20 Billion in Bailout Money

    Citigroup is repaying $20 billion in bailout money it received from the Treasury Department.

  • ExxonMobil to Buy XTO Energy in $31 Billion Deal
  • Warren Buffett: "We Didn't Do Anything Really Dumb"

    Looking back at his performance during the global financial crisis of the past two years, Warren Buffett tells the Wall Street Journal, "We didn't do all the smartest things. We didn't do anything really dumb."

  • Citigroup to Repay $20 Billion in Bailout Money

    Citigroup is repaying $20 billion in bailout money it received from the Treasury Department.

  • Abu Dhabi Gives Dubai $10 Billion in Surprise Bailout
  • Bond Traders Put Pressure on Debt-Laden Nations
  • Cadbury Sees Rival Interest as Rejects Kraft
  • Obama to Meet with Bankers, Decries 'Fat Cats'
  • Fed Expected to Keep Rates Low at Final Meeting of Year
    • Who Will Move on Rates First, the Fed or ECB?
  • White House Economists See Jobs Growth by Spring
  • Morgan Stanley Hires ex-Merrill COO Fleming

  • Accenture Drops Sponsorship of Tiger Woods

• • Charts: Treasury Yields Could End 20-Year Bear Run
  • Market Tips: A Firmer Dollar for Christmas
  • 'Tough Love' Puts Abu Dhabi in Driver's Seat
  • Market Outlook: Dollar Headed for a Bull Run?
  • Prep Your Portfolios For Next Week: Stock Pickers
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• Week Ahead: Stocks Look Ready to Pass 2009 Highs
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• Economist Paul Samuelson, Nobel Laureate, Dies at 94
• Slideshow: 20 Stocks With Biggest Potential to Drop
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• Week's Top Videos: Meredith Whitney, Pay Czar & More

• Castle for Xmas
• Warwick Castle in England is auctioning off Christmas day at the castle for one lucky winner and up to 30 guests.
• Holiday Central
  
• Wealth in America Survey
• Americans are dour about the economy and have little trust in Washington, a new CNBC survey finds.
• $10 Holiday Gifts
• Here are some great gifts for men, women and kids that won’t drain your bank account.
• Holiday Central Coverage
  

• •Citigroup to Repay $20 Billion of TARP Cash, Last Big Bank to Exit Program •Stocks Rise Around World on Dubai Bailout; Nakheel Bonds Surge, Euro Gains •Morgan Stanley Hires Fleming as New Chief Gorman Revamps Management Team •GM Chief Financial Officer Young to Move to Overseas Operations on Feb. 1 •Tullett Prebon Plans to Help Brokers Leave U.K. to Escape Tax on Bonuses •Glaxo Said to Have Paid $1 Billion to Settle Paxil Personal-Injury Suits •Colony Capital's `Fearless' Bazin Shakes Establishment at Accor, Carrefour •UN Delays Part of Copenhagen Climate-Treaty Talks After African Complaint •Billionaire Pinera Wins Chile's First-Round Vote, Sets Up January Run-Off

• S&P 500 Rallying 11% Is Forecast of Strategists Who Got It Right in 2009
  •Mortgage, Card Defaults Will Rise Amid Jobs Dearth, FICO Chief Greene Says

• Opinion
  •Goldman's Bonuses Shouldn't Beat Saving Planet: William Pesek

• Politics
  •Obama Criticizes Wall Street `Fat-Cat Bankers,' Defends Afghan War Plan •`Disaster' Health Plan Breaks Obama's Vow to Curb Costs in View of CEOs