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Tuesday, November 25, 2014

Growth in corporate profits slows sharply in third quarter
By Jeffry Bartash



WASHINGTON (MarketWatch) — The economy in the second and third quarters posted its best back-to-back growth in 11 years, offering fresh evidence that the U.S. entered the final three months of the year with a good head of momentum.

The government on Tuesday said gross domestic product rose at a 3.9% annual pace in the third quarter instead of 3.5%. Combined with a 4.6% gain in the second quarter, the U.S. has posted its best six-month stretch of growth since the middle of 2003.

The acceleration in growth during the spring and summer “seems to suggest the economy may have finally reached a point of stronger sustained growth,” five years after the end of the Great Recession, said Jim Baird, chief investment officer at Plante Moran Financial Advisors. GDP reflects the value of all goods and services produced by the U.S. and it’s the best measure of the nation’s economic health.

Consumer spending, business investment in equipment and the buildup in inventories were all higher than initially estimated. That accounted for the upward revision in third-quarter growth.
The better-than-expected report gave a slight lift to stocks in Tuesday trading. Economists polled by MarketWatch had expected the government to mark down growth to 3.3%.
http://www.marketwatch.com/story/us-third-quarter-growth-raised-to-39-2014-11-25
Richmand Fifth District Survey of Manufacturing Activity

Manufacturing Sector Activity Grew Modestly; Employment Growth Remained Moderate

Fifth District manufacturing activity grew modestly in November, according to the most recent survey by the Federal Reserve Bank of Richmond. Shipments and the volume of new orders flattened this month, while manufacturing employment and average wage growth continued at a moderate pace. The average workweek lengthened at a slightly slower pace than a month ago.

Firms anticipated positive business conditions during the next six months, although expectations were less upbeat than a month ago. Manufacturers expected faster growth in shipments and in the volume of new orders compared to this month. Additionally, survey participants anticipated increased capacity utilization and expected order backlogs to grow more quickly. However, producers looked for little change in vendor lead times.

Manufacturers' outlook for the months ahead included faster growth in the number of employees and average wages than in the current month, with modest growth in the length of the average workweek.

Prices of raw materials and finished goods rose at a slower pace in November compared to last month. However, producers expected faster growth in prices paid and in prices received during the next six months.


Current Activity

Manufacturing activity slowed overall in November, with the composite index dropping to a reading of 4 from last month's reading of 20. Shipments and new orders changed little from a month ago; both indexes flattened to a reading of 1. Manufacturing hiring continued to grow at a moderate pace this month. The November indicator slipped four points to a reading of 10.

Capacity utilization grew at a steady pace this month. The index remained at 13 for a third consecutive month. Additionally, backlogs decreased this month, pulling the index down 11 points to −2. Vendor lead time lengthened at a slightly slower pace, moving the index to 7 from a reading of 12. Finished goods inventories rose more quickly than a month ago. The index gained five points to finish at 20. Additionally, raw materials inventories rose at a slightly faster rate compared to last month. That gauge moved up four points to end at 23.


Employment 

 

Manufacturing employment continued to grow at a moderate pace in November. The index ended the survey period at 10 compared to last month's reading of 14. The average workweek increased at a slower rate this month. The index moved down four points to end at 5. However, the index for average wages gained four points to finish at a reading of 15.
https://www.richmondfed.org/research/regional_economy/surveys_of_business_conditions/manufacturing/2014/mfg_11_25_14.cfm#tabview=tab1 


Dallas Fed: Texas Manufacturing "Posts Slower Growth" in November
By Bill McBride

Texas factory activity increased again in November, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index, a key measure of state manufacturing conditions, fell from 13.7 to 6, indicating output growth slowed in November.

Other measures of current manufacturing activity also reflected slower growth during the month. The capacity utilization index fell sharply from 18.1 to 9.8. The new orders index also declined notably from 14.2 to 5.6, although more than a quarter of firms continued to note increases in new orders over October levels. The shipments index was 12.1, nearly unchanged from its October reading.
http://www.therealnewsmatters.com/2014/11/markit-global-business-outlook-global.html


30 Year Yield Drops Below 3.00% As Richmond Fed Tumbles Most Since 2006

Despite the clear message from stocks that everything in the world is awesome, 30Y Treasury yields have tumbled back below 3.00% - 1-month lows. Perhaps the slew of disappointing data is right after all that the US is not decoupling... just don't tell stocks. Against expectations of a 16 print, Richmond fed printed 4, plunging from its  exuberant 20 levels last month. This is the biggest miss since Jan 2013 (and biggest MoM drop since May 2006) as new order volume collapsed, employment and workweek tumbled, and most major future expectations indices dropped.
http://www.therealnewsmatters.com/2014/11/ill-say-it-again-america.html


The ""PIMPS"" of Wall Street are Lying their ASSES Off when they tell YOU that THIS ""FAUX"" Recovery "IS" Real!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
http://www.therealnewsmatters.com/search?q=%22%22FAUX%22%22+Recovery&max-results=20&by-date=true
The Fall Guy

Getting rid of Hagel is not a cure for what ails Obama's national security team -- it's a symptom of the disease.
BY David Rothkopf

The knives were out for Chuck Hagel as soon as he was appointed secretary of defense. At first, however, those blades belonged to the snarky and dubious members of the press corps assigned to him. The Washington buzz was that Hagel, despite his years in the Senate and accomplishments in business and the military, was not up to the job. But today, with word of Hagel being ousted from the Obama cabinet, many of those who doubted him feel he was wronged.

With the Obama administration coming off an extremely rocky first two years of its second term on the national security front, many, including myself, urged the president to take a page out of the book of his predecessors and shake up a team that was clearly not serving him well.

As early as two months ago, the buzz coming from administration insiders was that Hagel might become a sacrificial lamb on that front. His relations with the White House were not great. He was not seen as a strong secretary of defense. And he was seen, in the words of one former senior Obama aide, as having "gone native." This meant he was becoming a conduit for the growing frustrations of the military leadership in the Department of Defense toward the reactive, strategically incoherent responses of the president and his White House team, particularly regarding the growing threat posed by the Islamic State spreading chaos in Iraq and Syria.

Hagel's appointment may have been a sign of the president's and his closest advisors' bad judgment when Hagel was hired. Hagel lacked the national security bureaucratic know-how and leadership of either Bob Gates or Leon Panetta, the much stronger pair who served the president in the Pentagon during his first term in office. Hagel was a sign of how small the president's circle of acquaintances in the defense area were -- drawn from the one pool Obama knew from his four years in Washington, D.C., prior to becoming president: the Senate. Hagel may have been a brand name but not a great choice. But he was comfortable, it was thought, with Obama, Joe Biden, and John Kerry, four former members -- with Hagel -- of the Senate Foreign Relations Committee. 

http://webcache.googleusercontent.com/search?q=cache:http://www.foreignpolicy.com/articles/2014/11/24/the_fall_guy_chuck_hagel_resignation_obama_administration_national_security_team



Hagel Resigns Under Pressure as Global Crises Test Pentagon
By HELENE COOPER

WASHINGTON — Defense Secretary Chuck Hagel handed in his resignation under pressure on Monday, the first cabinet-level casualty of the collapse of President Obama’s Democratic majority in the Senate and the struggles of his national security team to respond to an onslaught of global crises.

In announcing Mr. Hagel’s resignation from the State Dining Room on Monday, the president, flanked by Mr. Hagel and Vice President Joseph R. Biden Jr., called Mr. Hagel critical to ushering the military “through a significant period of transition” and lauded “a young Army sergeant from Vietnam who rose to serve as America’s 24th secretary of defense.”

http://www.therealnewsmatters.com/2014/11/putin-is-rotflhfao-in-tears-tonight.html


Obama and HIS Band of Fools HE Appointed to HIS National Security Council
http://www.therealnewsmatters.com/search?q=National+Security+Council&max-results=20&by-date=true 


Obama National Defense
http://www.therealnewsmatters.com/search?q=Obama+National+Defense
Well I guess Obama figures He's been written OFF Putin's Christmas Gift List so why Worry about Pissing HIM OFF Now!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


Hacked US Documents Said To Reveal Extent Of Undisclosed US "Lethal Aid" For Ukraine Army
 
It has been half a year since it was first revealed that the US has been sending non-lethal aid to the Ukraine: recall that it was in early June when Obama announced he had approved $5 million in body armor, night vision goggles and additional communications equipment for the Ukrainian military.

Since then the topic of whether or not to arm the Ukraine army in its civil war against the separatist eastern region has been a hot topic as recently as today, when VOA reported that "U.S. Vice President Joe Biden has condemned what he calls Russia’s “aggression” in Ukraine, but stopped short of saying the United States will provide Ukraine with lethal aid... the White House nominee to fill the number two position at the State Department has said the United States should consider giving Ukraine lethal military equipment."

However, as lately has been a recurrent theme, the Obama administration may not have been exactly forthright with the public or the facts. At least that is the conclusion based on hacked documents released earlier today by the Ukrainian hackers group CyberBerkut, which reveal that despite assurances to the contrary, the US has in fact been providing substantial lethal aid to Ukraine's armed forces.

As Sputniknews reports, "according to the hackers, the information was obtained during the visit of US Vice President Joe Biden to Ukraine last week, when they were able to access confidential State Department documents via a mobile device of a US delegation member."
http://www.zerohedge.com/news/2014-11-25/hacked-us-documents-said-reveal-extent-undisclosed-us-lethal-aid-ukraine-army 


NATO's Rapid Response Strategy to Counter Russia Begins to Take Shape
BY David Francis

American soldiers from the Army's 1st Cavalry Division will rotate to locations throughout Poland and the Baltics until at least the end of 2015 to reassure U.S. allies on edge because of recent Russian incursions into Ukraine, according to the top commander of the U.S. Army in Europe.

Lt. Gen. Ben Hodges told reporters at the Pentagon via teleconference that the rotations of about 300 soldiers at a time through Lithuania, Latvia, and Estonia could continue into 2016. The troops will be part of a rapid-response force announced by NATO in August to quickly react to possible Russian aggression in Eastern Europe. According to the New York Times, the alliance plans to create a force of some 4,000 troops capable of quickly deploying to Eastern Europe, where armaments and other supplies would be prepositioned.

Hodges's comments came on the same day that Ukrainian President Petro Poroshenko announced that his country would hold a referendum at the end of the decade on whether to try to join the alliance. Russian President Vladimir Putin has repeatedly warned that NATO membership for Ukraine would be unacceptable to Moscow.

"We have worked out an intense plan for the next six years, so that the country meets the criteria to join the EU and to join NATO," Poroshenko said in Kiev, according to Bloomberg. "And only then the Ukrainian people will decide on joining or not joining, in a referendum."

Hodges's comments appear to provide concrete new details about how the NATO rapid-response team would operate. Along with the troop rotations, Hodges said he would recommend moving a heavy brigade combat team with its tanks and Bradley vehicles to either Romania, Poland, or another Baltic country.      

http://thecable.foreignpolicy.com/posts/2014/11/24/nato_s_rapid_response_strategy_to_counter_russia_begins_to_take_shape?utm_source=Sailthru&utm_medium=email&utm_term=*Situation%20Report&utm_campaign=November%2025%202015%20Sit%20Rep


NATO Russia
http://www.therealnewsmatters.com/search?q=NATO+Russia&max-results=20&by-date=true


Russia, China, Iran Waging Political Warfare, Report Says

U.S. currently lacks strategy to counter unconventional, information warfare threats from states and terrorists
BY: Bill Gertz

Russia, China, Iran, and Islamists are waging unconventional warfare around the world, and the United States currently lacks a clear strategy to counter the threat, according to a recent report by the Army Special Operations Command.

“This challenge is hybrid warfare combining conventional, irregular, and asymmetric means, to include the persistent manipulation of political and ideological conflict,” states the Army white paper, “Countering Unconventional Warfare.”

“Foreshadowed by Iranian actions throughout the Middle East, and by Chinese ‘unrestricted warfare’ strategists in the 1990s, hybrid warfare has now reached its most brazen form in Russia’s support for separatist insurgents in Ukraine.”

The 48-page white paper, published Sept. 26 by the Fort Bragg, North Carolina command, urges building new, non-kinetic warfare tools into a comprehensive U.S. and allied strategy.

The tools should include covert and clandestine special operations commando activities combined with political, intelligence, diplomatic, and financial warfare methods to counter the activities of states like Russia, China and Iran, and insurgent activities by terrorist groups such as the Islamic State.

Countering unconventional warfare also should be made “central to U.S./NATO security policy and practice over the next several decades,” the report states.

The Army study said the U.S. government “lacks a cohesive [information warfare] strategy to counter adversary [unconventional warfare] campaigns conducted by state and non-state actors, and this has hindered the U.S./NATO response to Russian aggression in Ukraine.”

http://freebeacon.com/national-security/russia-china-iran-waging-unconventional-warfare-report-says/



Economic WARfare
http://www.therealnewsmatters.com/search?q=Economic+WARfare&max-results=20&by-date=true 



Obama vs. Putin
http://www.therealnewsmatters.com/search?q=Obama+vs.+Putin&max-results=20&by-date=true



China Military
http://www.therealnewsmatters.com/search?q=China+Military&max-results=20&by-date=true



Obama IRAN
http://www.therealnewsmatters.com/search?q=Obama+IRAN&max-results=20&by-date=true



Cyber Attack
http://www.therealnewsmatters.com/search?q=Cyber+Attack&max-results=20&by-date=true
Nothing Has Changed--and That's the Problem
By Charles Smioth


Playing monetary games has done nothing to eliminate moral hazard.

If we step back and look at the past six years since the global financial meltdown of 2008, we see that in terms of financial and political power, nothing has changed--and that's the problem. If nothing has changed structurally, then none of the problems that caused the meltdown have truly been addressed.

All that's changed is the vast expansion of monetary games has masked the dysfunctional reality that the same old vested interests that had a death-grip on wealth and power in 2008 have tightened their death-grip in the past six years.

http://charleshughsmith.blogspot.com/2014/11/nothing-has-changed-and-thats-problem.html


A Most Important Distinction
By John P. Hussman, Ph.D.
November 24, 2014

“Science is the systematic classification of experience.” – George Henry Lewes

I’ve noted frequently in recent months that the lessons to be drawn from the recent market cycle are not that historically overvalued, overbought, overbullish extremes can be dismissed. Rather, the lessons to be drawn have to do with the criteria that distinguish when such extremes have little near-term impact from periods where they suddenly matter with a vengeance.

Although we agree, as John Templeton once observed, that the four most dangerous words in investing are “this time it's different,” the fact is that one very specific effect of quantitative easing made the half-cycle since 2009 different from history, and forced us to struggle quite a bit. Market cycles throughout history have demonstrated an important regularity: once a syndrome of overvalued, overbought, overbullish conditions was established (not one condition alone, but the full syndrome), the behavior of the stock market took on what I’ve often called an “unpleasant skew” – the market would typically follow with a few weeks of persistent small advances, followed by an abrupt and steep vertical plunge that wiped out weeks or months of gains in a handful of sessions.

In the face of quantitative easing, however, that pattern changed. As short-term interest rates have been held near zero, investors have been drawn into “carry trade” mentality, believing that they must take risk in stocks, regardless of valuation, because they have “no other choice.” Given that mentality – and make no mistake, this is psychology at work, not financial calculation – overvalued, overbought, overbullish syndromes have persisted and extended in the half-cycle since 2009, often with no downside effects at all. Admittedly, I relied too heavily on the wicked historical record of these syndromes. But rather than discarding the lessons of history altogether, we did what we always do when faced with a challenge – which is to look for adaptations that are consistent both with historical fact and with new evidence.

The upshot is this. Quantitative easing only “works” to the extent that default-free, low interest liquidity is viewed as an inferior holding. When investor psychology shifts toward increasing risk aversion – which we can reasonably measure through the uniformity or dispersion of market internals, the variation of credit spreads between risky and safe debt, and investor sponsorship as reflected in price-volume behavior – default-free, low-interest liquidity is no longer considered inferior. It’s actually desirable, so creating more of the stuff is not supportive to stock prices. We observed exactly that during the 2000-2002 and 2007-2009 plunges, which took the S&P 500 down by half in each episode, even as the Fed was easing persistently and aggressively. A shift toward increasing internal dispersion and widening credit spreads leaves risky, overvalued, overbought, overbullish markets extremely vulnerable to air-pockets, free-falls, and crashes. 

http://www.hussmanfunds.com/wmc/wmc141124.htm


Global Economic Briefing:
Central Bank Balance Sheets
Yardeni Research, Inc
November 24, 2014


Moody’s Cites Continuing Sovereign Debt Risks
By Josie Cox

What will happen to global sovereign debt markets in 2015? Calmer waters? Well possibly, says Moody’s, but even barring major shocks it’s unlikley to be plain sailing.

The credit rating agency says there are four main risks to which sovereign debt is still vulnerable.

“The principal [risks] are the possibility of confidence shocks from the expected rise in U.S. interest rates, especially in the case of a disorderly market reaction, the impact of lower growth in China and the euro area, the overhang of geopolitical risks, and reform fatigue,” said Alastair Wilson, head of Moody’s Global Sovereign Risk Group.

http://www.therealnewsmatters.com/2014/11/the-federal-reserve-is-at-heart-of-debt.html


CONNECT the DOTS Folks......................Nothing Has Changed, We Have Another RECESSION Coming and this time ALL of the Magic Bullets have been USED UP!!!!!!!!!!!!!!!!!!!!!!!!!!!

http://www.therealnewsmatters.com/search?q=%22QE%22+VooDoo&max-results=20&by-date=true



Charles Smith
http://www.therealnewsmatters.com/search?q=Charles+Smith&max-results=20&by-date=true


John Hussman
http://www.therealnewsmatters.com/search?q=John+Hussman&max-results=20&by-date=true 
The Federal Reserve Is At The Heart Of The Debt Enslavement System That Dominates Our Lives
By Michael Snyder

From the dawn of history, elites have always attempted to enslave humanity.  Yes, there have certainly been times when those in power have slaughtered vast numbers of people, but normally those in power find it much more beneficial to profit from the labor of those that they are able to subjugate.  If you are forced to build a pyramid, or pay a third of your crops in tribute, or hand over nearly half of your paycheck in taxes, that enriches those in power at your expense.  You become a “human resource” that is being exploited to serve the interests of others.  Today, some forms of slavery have been outlawed, but one of the most insidious forms is more pervasive than ever.  It is called debt, and virtually every major decision of our lives involves more of it.  For example, at the very beginning of our adult lives we are pushed to go to college, and Americans have piled up more than 1.2 trillion dollars of student loan debt at this point.  When we buy homes, most Americans get mortgages that they can barely afford, and when we buy vehicles most Americans now stretch their loans out over five or six years.  When we get married, that often means even more debt.  And of course no society on Earth has ever piled up more credit card debt than we have.  Almost all of us are in bondage to debt at this point, and as we slowly pay off that debt over the years we will greatly enrich the elitists that tricked us into going into so much debt in the first place.  At the apex of this debt enslavement system is the Federal Reserve.  As you will see below, it is an institution that is designed to produce as much debt as possible.

There are many people out there that believe that the Federal Reserve is an “agency” of the federal government.  But that is not true at all.  The Federal Reserve is an unelected, unaccountable central banking cartel, and it has argued in federal court that it is “not an agency” of the federal government and therefore not subject to the Freedom of Information Act.  The 12 regional Federal Reserve banks are organized “much like private corporations“, and they actually issue shares of stock to the “member banks” that own them.  100 percent of the shareholders of the Federal Reserve are private banks.  The U.S. government owns zero shares.

http://theeconomiccollapseblog.com/archives/the-federal-reserve-is-at-the-heart-of-the-debt-enslavement-system-that-dominates-our-lives


NOT GOOD!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Global Economic Briefing:
Central Bank Balance Sheets
Yardeni Research, Inc

November 24, 2014
http://www.yardeni.com/Pub/peacockfedecbassets.pdf 


Moody’s Cites Continuing Sovereign Debt Risks
By Josie Cox

What will happen to global sovereign debt markets in 2015? Calmer waters? Well possibly, says Moody’s, but even barring major shocks it’s unlikley to be plain sailing.

The credit rating agency says there are four main risks to which sovereign debt is still vulnerable.

“The principal [risks] are the possibility of confidence shocks from the expected rise in U.S. interest rates, especially in the case of a disorderly market reaction, the impact of lower growth in China and the euro area, the overhang of geopolitical risks, and reform fatigue,” said Alastair Wilson, head of Moody’s Global Sovereign Risk Group.

He said that while higher U.S. growth should imply positive economic conditions for sovereigns across the globe with trade links to the strengthening U.S. economy, the picture could look less rosy for those countries further afield.

“Higher U.S. interest rates could encourage European and international investors to re-balance their portfolios in favour of U.S. debt at the expense of European bonds at a time when yields on European sovereign bonds are at historical lows,” he argues.

Anne Velot, senior credit portfolio manager at AXA Fixed Income agreed. “We expect to see major re-balancing in 2015 into higher yielding U.S. credit and out of Europe and elsewhere,” she said. Those comments came as yields on eurozone sovereign debt hit fresh lows on hopes that the European Central Bank will step up its stimulus measures.

Commenting on the euro zone, Moody’s said that although the European Central Bank’s willingness to expand its balance sheet is credit supportive, “its ability to stimulate growth and inflation at the current juncture is limited.”

The agency said that European growth is strongly correlated with growth in China, whose economy accounts for 13% of world GDP, and that it therefore forecasts growth across the euro area of only 1% in 2014 and 2015, rising to only 1.5% in 2016.

On structural reform, Moody’s said: “Governments across the world have identified structural reforms needed to enhance medium term growth. Their success will be an important medium term credit factor and, more immediately, a driver of investor confidence.”

http://blogs.wsj.com/moneybeat/2014/11/25/moodys-cites-continuing-sovereign-debt-risks/ 


FED Balance Sheet
http://www.therealnewsmatters.com/search?q=FED+Balance+Sheet&max-results=20&by-date=true 


Consumer Debt
http://www.therealnewsmatters.com/search?q=Consumer+Debt&max-results=20&by-date=true


The GREATEST ""PONZI"" Scheme in Human History!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
http://www.therealnewsmatters.com/search?q=%22%22PONZI%22%22+Scheme&max-results=20&by-date=true
Rush Limbaugh Will be Talking Ferguson!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
http://newstalk1290.com/listen-live/popup/ 


Ferguson In Flames: The Morning After

 

Shortly after 9pmET last night, prosecutors relayed the grand jury's decision not to charge white Ferguson Police officer Darren Wilson over the death of black teenager Michael Brown... and all hell broke loose...

http://www.zerohedge.com/news/2014-11-25/ferguson-flames-morning-after 



Ferguson

http://www.therealnewsmatters.com/search?q=Ferguson&max-results=20&by-date=true 
Saudi, Russia pre-OPEC talks yield no oil output cut
By Alex Lawler and Rania El Gamal 57 minutes ago

VIENNA (Reuters) - Talks between Saudi Arabia, fellow OPEC member Venezuela and oil powers Russia and Mexico failed to find an agreement to address a growing oil glut on Tuesday, with no side saying they would lower output despite a collapse in prices.

Oil prices turned lower after the meeting, with international benchmark Brent falling more than $1 a barrel to near $78. [O/R]

In a day of shuttle diplomacy ahead of OPEC's crucial output meeting in Vienna on Thursday, Russian and Mexican energy officials rushed to the Austrian capital to push OPEC kingpin Saudi Arabia on the 30 percent price fall since June.
http://finance.yahoo.com/news/russian-oil-tsar-meet-opec-saudis-keep-market-113341728--finance.html 



NIGERIA in Crisis!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! 


Falling oil price: CBN cuts exchange rate of naira to dollar by N13
By Sylvester Ugwuanyi

In a bid to readjust Nigeria’s fiscal policies to conform with the dwindling oil price in the global market, the Central Bank of Nigeria, CBN, has announced a new official naira-to-dollar exchange rate in a move that has forced down the Nigerian currency by N13.

The apex bank devalued the naira at its monetary policy committee, MPC, meeting on Tuesday in Abuja, where it also reviewed Nigeria’s monetary policy rate which determines lending rate for the country’s economy from 12 per cent to 13 per cent.

The CBN announced that the naira will now exchange officially at N168 to a dollar as against an earlier N155. It asserted that the decision to lower the value of naira against the dollar is aimed at strengthening the currency.

http://dailypost.ng/2014/11/25/falling-oil-price-cbn-cuts-exchange-rate-naira-dollar-n13/ 


Nigeria: Dwindling Oil Price Exerts Toll On the Economy
By Mathis Okwe

NIGERIAN economy is struggling to respond to the unexpected drastic fall in crude oil price at the international market even as its managers led by the Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala hurriedly marshalled a bouquet of stimulus package to check the deceleration of growth in the country. What with declining foreign reserves, the Naira free fall, the bearish trend at the Nigerian Bourse, and the increase in the traffic by young Nigerians seeking to migrate to oversea, in search of greener pastures among others!

On November 12, 2014, the price of the Organisation of Petroleum Exporting Countries' (OPEC's) basket of 12 crudes had fallen to $77.27 below the Nigeria's proposed 2015 budget benchmark of $78 a barrel; by more than two cents, it was also below this year's benchmark price of $77.5 per barrel.

The new OPEC Reference Basket of Crudes (ORB) is made up of the Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), Iran Heavy (Islamic Republic of Iran), Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Qatar Marine (Qatar), Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venezuela).

Despite the declining price of crude oil, OPEC's production dropped by 226,400 barrels a day last month to 30.253 million, the largest decrease since March. Saudi Arabia, the world's largest oil exporter, led the decline with a reduction of 69,900 barrels a day, the group said in its monthly report.

http://allafrica.com/stories/201411241850.html 


Nigeria: U.S. Crude Oil Import From Nigeria Declines By 93 Percent
By Roseline Okere and Sulaimon Salau

THE United States' import of crude oil from Nigeria and Algeria have declined by 93 per cent since 2010, the U.S Energy Information Administration (IEA), has said.

Meanwhile, Nigeria's oil production may have recorded a major setback, as the Shell Petroleum Development Company (SPDC) shut its Trans-Niger Pipeline (TNP), which supplies products to the Bonny export terminal.

The IEA in a media statement Monday, said total U.S. crude oil imports have declined since 2010, with nearly the entire decline occurring in light sweet grades.

Indeed, the U.S did not import crude oil from Nigeria in the month of July and August this year.

The U.S. has been steadily cutting oil imports from Nigeria because of U.S. shale oil production, which is low in sulphur and otherwise called "light, sweet," similar to Nigeria's "Bonny Light" oil.

http://allafrica.com/stories/201411251094.html


Shell shuts Nigeria pipeline carrying Bonny Light crude

ABUJA: Nigeria's oil exports were disrupted after Shell's local unit shut a pipeline that carries a key grade after it discovered a leak on Saturday, the company said on Monday.

The pipeline carries one of Nigeria's main export grades, Bonny Light. About six cargoes of the crude are exported each month, or around 180,000-200,000 barrels per day.

A Shell spokeswoman in London said that force majeure had not been declared on the grade.

"SPDC is investigating the source of a leak at Okolo Launch in Eastern Niger Delta which occurred near the 24-inch and the 28-inch TNP (Trans-Niger Pipeline)," a spokesman at Shell's Nigeria unit said in an e-mailed statement.

"The leak occurred near where one of our contractors was preparing to remove crude theft connections on the line...On noticing the leak on November 22, we deployed booms and also shut in the 28-inch TNP." 

http://economictimes.indiatimes.com/news/international/business/shell-shuts-nigeria-pipeline-carrying-bonny-light-crude/articleshow/45262201.cms


Nigeria central bank breaches its forex band ahead of rate meeting

* Cbank sells dollars at 162.50

* Signals a possible devaluation

* Under pressure from falling oil prices (Adds details, analyst comments)

By Chijioke Ohuocha and Oludare Mayowa

LAGOS, Nov 25 (Reuters) - Nigeria's central bank sold dollars outside its preferred currency band at its forex auction on Monday, signalling it could shift the band to weaken the naira after its policy meeting on Tuesday, dealers said.

The central bank usually sells dollars at its twice weekly forex auctions at 150-160 naira, a band it adopted in November 2011 after a decline in oil prices forced it to spend billions of dollars in reserves to defend the naira.

A slump in oil prices this year has pushed the naira down 10 percent versus the dollar. On Monday the Nigerian currency hit a record low at the interbank window on concerns that a continuous slide in global oil prices could undermine the central bank's efforts to keep defending the currency, dealers said.

At its forex auction on Monday the central bank sold $198.87 million at 162.50 naira. It was the second time in a row it has auctioned the dollar outside its band. At previous auctions it 

http://in.reuters.com/article/2014/11/25/nigeria-currency-idINL6N0TF1GR20141125



Oil Risks Foiling Nigeria Governor’s Rate Pledge on Naira
By Paul Wallace

Nigerian central bank Governor Godwin Emefiele’s pledge to refrain from raising interest rates risks being undone as the slide in oil prices batters the naira.

With a 28 percent drop this year in the price of crude, which accounts for more than two-thirds of government revenue, the currency has plunged to record lows versus the dollar on 10 days this month. This is pressuring Emefiele, who said after taking the role in June that he wanted to hold rates at least until elections in February. Policy makers will keep the benchmark at 12 percent today, a survey of economists shows.

“The central bank has said it’s not keen to increase interest rates,” Giulia Pellegrini, a sub-Saharan Africa economist at JPMorgan Chase & Co., said in a London interview Nov. 20. “But the risks of that happening have increased. If they want to hold the line on the naira, they will need to do something extra to build market confidence and stem outflows.” 

http://www.businessweek.com/news/2014-11-25/oil-risks-foiling-nigeria-governor-s-rate-pledge-on-naira



Falling Crude Oil Prices..................................""OH SHIT""!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
http://www.therealnewsmatters.com/search?q=Falling+Crude+Oil+Prices&max-results=20&by-date=true
Lost Decade Warnings Surface on Polish Deflation Threat
By Maciej Onoszko and Piotr Bujnicki

Poland needs to cut interest rates to dodge the deflation trap that has condemned Japan to two decades of economic malaise, Union Investment TFI SA said.

“If we don’t react now, there’s a risk of getting trapped in a Japan-like scenario of prolonged deflation, which we may not exit for years,” Dariusz Lasek, who helps oversee the equivalent of $2.9 billion as the head of debt investments at the Warsaw-based fund, said by phone yesterday. “The rate-setting council has a weapon, it can cut rates, but as time passes this weapon loses its power to impact inflation expectations.”

Polish consumer prices have fallen for four consecutive months, the nation’s first experience with deflation since the statistics office began compiling monthly data in 1982, amid sluggish growth in the euro region and a drop in crude oil and food prices. The central bank surprised investors this month by keeping interest rates unchanged, after Governor Marek Belka signaled in October that there could be a series of cuts.

Forward-rate agreements, derivatives used to wager on borrowing costs, show traders betting on at least a quarter-point reduction over the next three months, according to data compiled by Bloomberg. Market inflation expectations show consumer-price growth averaging about 1 percent over the next nine years, the figures show. 

http://www.bloomberg.com/news/2014-11-24/lost-decade-warnings-surface-on-polish-deflation-threat.html


Poland deflation now deepest in 32 years
By Wiktor Szary

Nov 13 (Reuters) - The fall in Polish consumer prices accelerated to a faster-than-expected 0.6 percent in October, the deepest year-on-year deflation since 1982, putting renewed pressure on central bank rate-setters to cut interest rates next month.

"This is definitely an argument for the Monetary Policy Council to resume lowering of the rates," Michal Burek, a Raiffeisen Polbank analyst said after the statistics office released the latest inflation data.

At its last meeting earlier this month, the council kept the interest rates unchanged at an all-time low of 2.0 percent, surprising markets which expected a cut.

Several people on the 10-member council signalled that only a deterioration of the outlook for economic growth could prompt more monetary easing.

There appears to be no immediate prospect of that, with latest data showing signs the economy is strengthening.

http://www.reuters.com/article/2014/11/13/poland-inflation-idUSL6N0T34VC20141113


Polish Deflation Deepens, Boosting Case for Rate Cuts
By Dorota Bartyzel

Poland’s deflation extended to a fourth month, deepening more than economists estimated as pressure builds on the central bank to resume monetary easing.

Consumer prices dropped 0.6 percent in October from a year earlier after a 0.3 percent decline in September, the statistics office in Warsaw said today. The median estimate of 29 economists surveyed by Bloomberg was for a 0.4 percent decrease. Prices were unchanged from August.

The central bank surprised economists for two consecutive months, cutting its main rate more than forecast in October and defying predictions of further easing by leaving it unchanged last week. Last month’s decision, along with evidence that the economy is beginning to emerge from a slowdown, limit the risk of inflation staying below the 2.5 percent target in the medium term, the rate-setting Monetary Policy Council said Nov. 5.

The “data are clearly supportive of further monetary easing, despite the recent MPC decision to ignore negative headline inflation readings and a very low inflation outlook,” Michal Dybula, a Warsaw-based economist at BNP Paribas SA, said by phone.

The October inflation figures and a potentially “very soft” economic-growth number to be released tomorrow will trigger a cut to 1.75 percent from 2 percent next month, he said. The consumer-price index will remain below zero “well into” the first quarter of next year, Dybula said.  

http://www.bloomberg.com/news/2014-11-13/polish-deflation-deepens-to-bolster-case-for-rate-cuts.html
OIL IS TUMBLING
By Myles Udland

Crude oil is tumbling again.

West Texas Intermediate crude prices were down near $75 in morning trade on Tuesday after trading above $76.20 earlier in the morning after headlines crossing Reuters said that Venezuela, Russia, Mexico, and Saudi Arabia will "monitor" oil prices for a year, but did not agree to any output cut.

The headlines come after Venezuela said a meeting with Saudi Arabian oil minister Ali Al-Naimi did not result in the agreement for any output cut.

The parties agreed to meet again three months.

These headlines come just two days ahead of the latest OPEC meeting, which some in the market have expected would result in a production cut from the oil exporting cartel.

Mexico and Russia are not OPEC members.

Oil prices, which have slid more than 30% in the last several months, have been pressured by a global economic slowdown and a glut in supply, and many expected OPEC to announce an agreement on some sort of production cut to curb price declines.

http://www.businessinsider.in/OIL-IS-TUMBLING/articleshow/45275085.cms


Oil Plunges As Venezuela Hints No Output Reduction

 

Following the four-way pre-OPEC meeting between Russia, Mexico, Venezuela, and Saudi Arabia, Venezuela's foreign minister warned:

  • *NO AGREEMENT ON OUTPUT REDUCTION AT 4-WAY MEETING: RAMIREZ
And oil prices slipped notably. "The most important thing is we are talking," Ramirez noted... but markets are not waiting.

Russia, Saudi Arabia, Venezuela, Mexico end 4-country talks on oil in Vienna, saying they agreed to monitor oil price for a year and possibly meet quarterly. However, the group does not agree any output reduction.

http://www.zerohedge.com/news/2014-11-25/oil-plunges-venezuela-hints-no-output-reduction 

 

 

Pre-OPEC Saudi, Russia oil meet fails to agree output cut

VIENNA (Reuters) - A meeting between OPEC kingpin Saudi Arabia, fellow member Venezuela and major oil producers Russia and Mexico on Tuesday did not lead to any agreement to lower crude production, Venezuelan Foreign Minister Rafael Ramirez said.

The countries agreed that current oil prices below $80 a barrel are not good, Ramirez said, and the four nations will meet again in three months.

But the talks in Vienna - which come two days ahead of OPEC's crucial output meeting in the city - produced no concrete proposals to support prices.

https://uk.news.yahoo.com/pre-opec-saudi-russia-oil-meet-fails-agree-161759354--finance.html#PXFa1rO 



Falling Crude Oil Prices

http://www.therealnewsmatters.com/search?q=Falling+Crude+Oil+Prices&max-results=20&by-date=true

I'll say it again America..................................Both Stocks and Bonds Can't be BOTH Right. One of THESE Investor Classes "IS" Wrong and You better be Thinking the ""PIMPS"" of Wall Street Pumping Stocks are the Ones who WILL be Proven WRONG!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
http://www.therealnewsmatters.com/search?q=%22%22PIMPS%22%22+of+Wall+Street&max-results=20&by-date=true 


“Buy stocks! It’s a great opportunity! They present great value.”
By Phoenix Capital Research

This is the non-stop mantra espoused on financial media. It’s simply astounding given that

1)   Everyone with a modicum of sense knows stocks are in a bubble

2)   Financial media viewership is plunging to multi-decade lows (you think they’d consider changing the content?)

Here are a few thoughts no one  in the mainstream financial media seems to address.

First of all, corporate insiders are dumping shares at a pace not seen since 2000.

http://www.zerohedge.com/news/2014-11-25/smart-money-selling-farm 




30 Year Yield Drops Below 3.00% As Richmond Fed Tumbles Most Since 2006

 

Despite the clear message from stocks that everything in the world is awesome, 30Y Treasury yields have tumbled back below 3.00% - 1-month lows. Perhaps the slew of disappointing data is right after all that the US is not decoupling... just don't tell stocks. Against expectations of a 16 print, Richmond fed printed 4, plunging from its  exuberant 20 levels last month. This is the biggest miss since Jan 2013 (and biggest MoM drop since May 2006) as new order volume collapsed, employment and workweek tumbled, and most major future expectations indices dropped.

http://www.zerohedge.com/news/2014-11-25/30-year-yield-drops-below-300-richmond-fed-tumbles 



Dallas Fed: Texas Manufacturing "Posts Slower Growth" in November
By Bill McBride

Texas factory activity increased again in November, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index, a key measure of state manufacturing conditions, fell from 13.7 to 6, indicating output growth slowed in November.

Other measures of current manufacturing activity also reflected slower growth during the month. The capacity utilization index fell sharply from 18.1 to 9.8. The new orders index also declined notably from 14.2 to 5.6, although more than a quarter of firms continued to note increases in new orders over October levels. The shipments index was 12.1, nearly unchanged from its October reading.

http://www.therealnewsmatters.com/2014/11/markit-global-business-outlook-global.html



This "IS" Nothing more than the Greatest ""PONZI"" Scheme ever Created by the Central Banksters!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

http://www.therealnewsmatters.com/search?q=%22%22PONZI%22%22+Scheme&max-results=20&by-date=true

Shadow banking shrinks as regulations, default fears grow

Government efforts to tamp down on China's less-regulated shadow banking sector appear to be working, but that may not bode well for smaller companies seeking funding, Reuters reported. In the three months ended September 30, the shadow banking portion of what China calls total social financing - a broad measure of liquidity in the economy - contracted for the first time on a quarterly basis since the 2008/09 financial crisis. However, curbing risky forms of lending might undercut Beijing's stated goal of expanding lending to small and medium-sized enterprises, since major banks often avoid lending to smaller companies in favor of state-owned enterprises on fears that the former will default.

http://www.chinaeconomicreview.com/shadow-banking-shrinks-regulations-default-fears-grow 


Property, manufacturing woes help trim China's shadow banking
By Engen Tham and Jake Spring

(Reuters) - A bid by China to rein in its "shadow banking" activity is producing results, thanks to slowing economic growth and tighter regulation.

But some success for a policy drive to curb risky lending is not all good news for Beijing, as smaller companies may face even bigger struggles to find funding. A cut in interest rates, announced by Beijing on Friday, is unlikely to help them much.

Shadow banking includes off-balance-sheet forms of bank finance plus lending by non-traditional institutions, all of which is less regulated than formal lending and thus considered riskier.

At the end of 2013, China had the world's third-largest shadow banking sector, according to the Financial Stability Board, a task force set up by the G20 economies. It estimated that Chinese assets of "other financial intermediaries" than traditional ones were then just under $3 trillion.

In the three months ended Sept. 30, the shadow banking portion of what China calls total social financing - a broad measure of liquidity in the economy - contracted for the first time on a quarterly basis since the 2008/09 financial crisis.  

http://www.reuters.com/article/2014/11/23/us-china-economy-shadowbanking-idUSKCN0J70YV20141123


China’s Underground Banks Busted

The crackdown is part of a broader anti-corruption campaign that is trying to control the illegal use of funds.
By Sara Hsu

The Beijing Municipal Public Security Bureau recently revealed in a statement on its website that it cracked down on underground banks in September. Ten underground banks, run from family homes, allowed clients to purchase foreign exchange and transfer funds abroad. Funds were converted through bank accounts that purchased up to the maximum of $50,000 in foreign exchange.

In the sting, the police arrested 59 suspects and froze 264 bank accounts potentially associated with the operation. While there are various ways to transfer money out of China, such as export over-invoicing or casino laundering, this operation used registered bank account transfers overseas to appear above-board. Individuals are allowed to transfer up to $50,000 abroad annually through the banking system. In this case, however, many bank accounts were registered to one individual, allowing excessive transfer of funds abroad.

This crackdown is nothing new – underground banks are periodically uncovered and raided. The bust also follows the anti-corruption trend that has attempted to control the illegal use of funds in targeted areas, as President Xi Jinping has demanded internal discipline within the Communist Party. CCTV’s exposé on the Bank of China, revealing that the bank had allegedly transferred large amounts of cash for individuals preparing to emigrate abroad, and the baring of a list of high-status individuals with offshore accounts, have been a part of the parallel trend within the media to uncover broader misuses of funds and capital flight. In the Bank of China’s Youhui Tong program, wealthy individuals can remit large sums of money abroad. CCTV asserted that the sums sent abroad are unlimited and illegal; the Bank of China rejected CCTV’s allegations, stating that the program restricts individuals to emigrating through investments or the purchase of property abroad. Similarly, the International Consortium of Investigative Journalists uncovered a list of 22,000 individuals from mainland China and Hong Kong with offshore accounts that may be used to disguise or transfer illicit wealth.

http://thediplomat.com/2014/11/chinas-underground-banks-busted/


Crunch time for China’s guarantee loans
The Wall Street Journal

WHEN Chen Xuezhong ran away from his bankrupt fabric company last year, the troubles cascaded through a diverse group of local firms in this mill town.

A machinery-maker, a paper producer, a manufacturer of faux-wood flooring and a textile-maker all had one thing in common. They had promised, in the event of ­default, to repay the loans that Mr Chen and his company, Jiangyin Xueyuan Textile, had borrowed.

With China’s economic growth flagging, businesses such as Xueyuan are foundering, and these guarantee chains — in which companies guarantee loans to other companies — are wreaking havoc in the wider economy.

The central bank cut benchmark lending and deposit rates on Friday to reduce financing costs for companies and help revive growth. Places like Jiangyin, in the prosperous Yangtze River delta, have been a point of concern.

“In Jiangyin, the big problem among private firms is that you owe me, I owe you, and in the end if something goes wrong then everyone gets tangled up together,” said Zhang Fuliang, Xueyuan’s court-bankruptcy administrator.

Chain-smoking in one of the 20 now empty office cubicles in Xueyuan’s office building, Mr Zhang, wearing a pinstriped blazer and ill-fitting jeans, works his way through a dusty stack of accounts.

Some of Xueyuan’s guarantors are struggling to repay their own loans. Others have collapsed and passed their debts to other companies. One bank has written off its loan to Xueyuan, unable to recover it from the two local companies that guaranteed it.

Guarantees played a large role in fuelling China’s rapid debt ­expansion over the past six years.

http://www.theaustralian.com.au/business/wall-street-journal/crunch-time-for-chinas-guarantee-loans/story-fnay3ubk-1227133465773?nk=6c3a6f9e3acf13866a61777a1073eb81 


Outside Forces Drive China's Big Flip-Flop
By Mohamed A. El-Erian

For all its political intrigue over the years, China has had a relatively clear economic strategy, at least until recently. In the last few weeks, however, its approach to managing its exchange rate has puzzled those who closely follow it. The move by China’s central bank on Friday to cut interest rates adds to the surprise, as does talk of further monetary stimulus.

At the risk of some over-simplification, China’s economic strategy has been steadfast in making a gradual transition from a growth model heavily reliant on exports and public investment to one driven much more by domestic consumption and private investment. This is part of China's broader “middle income transition,” as the development stage is known, that faces challenges in today’s weakening global economy, as well as from the historically entrenched power of inefficient state-owned enterprises and "bubblish" pockets of financial excess.

Most important, China’s leaders are determined to make this transition without a significant economic slowdown:  Maintaining an average annual growth rate in the 7 percent range is seen as critical to social and political stability.

http://www.bloombergview.com/articles/2014-11-24/outside-forces-drive-chinas-big-flipflop


China SHADOW Banking......................................BANKING Crisis II Coming at YOU!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
http://www.therealnewsmatters.com/search?q=China+SHADOW+Banking&max-results=20&by-date=true


China HARD Landing...................................Has BEGUN!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
http://www.therealnewsmatters.com/search?q=China+HARD+Landing&max-results=20&by-date=true
The U.S. Constitution HAS Been RAPED by Obama even after America Said ""NO""!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

America THIS ""BULLSHIT"" of Allowing ILLEGALS to Remain in America "IS" going to have a HUGE Price Tag that YOU are going to have to PAY FOR ALL Thanks to Obama and the FUCKING ""LIBERALS"" in the House of PAIN(Congress)!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

A Message from Sacramento Sheriff Scott Jones to Obama on ""ILLEGAL"" Immigration!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
https://www.youtube.com/watch?v=UFyEnMsUUmY 


The ICE Guide To Avoiding Deportation In Five Easy Steps

President Obama's executive amnesty for an estimated five million illegal aliens is, from the perspective of Republicans, an unconstitutional power grab that threatens the republic. In Obama's telling, over soft piano music in a campaign-style YouTube video, it “just comes down to people.”

Another version is the one agents of U.S. Customs and Immigration Enforcement (ICE) experience in trying to enforce U.S. immigration laws – specifically a five point checklist they were provided Friday evening and obtained by Breitbart News.

The bureaucratic document uses the Orwellian title “Parental Accountability Checklist.” The line below that explains it is a “Checklist for NOT Arresting/Removing Individuals Under Deferred Action Expansion.”

First, agents must ask detained aliens: did you have a U.S. citizen or lawful permanent resident child on Nov. 20, 2014? Have you resided in the U.S. since Jan. 1, 2010? Were you physically present in the U.S. on Nov. 20, 2014? And were you “without lawful immigration status” on Nov. 20, 2014?

If the alien answers “yes” to these questions, and they have not been convicted of serious crimes, “the individual should be released from custody or not removed, and referred to USCIS to seek deferred action,” the document instructs. 


http://www.breitbart.com/Big-Government/2014/11/24/The-ICE-Guide-To-Avoiding-Deportation-In-Five-Easy-Steps 


Robert Rector: Amnestied Illegal Immigrants to Cost Taxpayers $2 Trillion Over Their Lifetime

The undocumented immigrants granted amnesty by President Barack Obama’s executive orders will likely cost taxpayers $2 trillion, according to Heritage Foundation poverty  expert Robert Rector.

“The net cost — which is total benefits minus total benefits paid in — of the amnesty recipients I estimate will be around $2 trillion over the course of their lifetime,” Rector explained in an interview with Breitbart News Monday. He added that the calculation is based on the assumption that 4 million undocumented immigrants will participate and they will live, on average, 50 years.

According to Rector — who has published extensively on welfare, poverty, and immigration — the cost has two components: The first is the potential to access Social Security and Medicare, given amnestied undocumented immigrants’ ability to obtain work permits and Social Security Numbers.

“What [Obama] is doing is he is putting these 4 million people — who on average have a 10th grade education — into the Social Security and Medicare programs,” Rector said. He used much of the same methodology he incorporated in his May 2013 study on the cost of amnesty to reach his conclusions. 


http://www.breitbart.com/Big-Government/2014/11/24/Robert-Rector-Amnestied-Illegal-Immigrants-to-Cost-Taxpayers-2-Trillion-Over-Their-Lifetime


The Top 15 Pro-Amnesty Myths

Liberals lose credibility with every immigration argument — but they make it up in volume.
By A. J. Delgado

There are myriad reasons why, substantively, President Obama’s grant of amnesty to 4 to 5 million illegal aliens is a horrifying mistake. Because of this, the Left has assiduously spread misinformation, hoping to obfuscate the issue. But despite what Jonathan Gruber claims, American voters are indeed intelligent and informed — and can see through the charade.

Let us tackle some of the top myths (and outright lies) surrounding this executive action, both substantively (is this a good idea?) and procedurally (is this legal?).

1. It’s good for America.
Sure, select groups of Americans benefit: big-business owners, immigration attorneys, and Poppy in Palm Beach looking for a nanny “with papers” to replace Consuelo. Apart from those, the rest of us suffer.

Legalizing millions of “undocumented aliens” (a) encourages further illegal immigration; (b) depresses the wages of American workers, particularly low-skilled workers, disproportionately, including Latinos and African Americans; (c) increases competition for jobs and makes finding — or maintaining — a job harder; and (d) is unfair to those who immigrated legally and those currently in the midst of that process.

http://www.nationalreview.com/article/393371/top-15-pro-amnesty-myths-j-delgado


More than a third of Americans think illegal immigrants can’t stay
By Philip Bump

Here's a detail worth pulling out from a new Quinnipiac University survey on immigration: Thirty-five percent of respondents indicated that immigrants who entered the country illegally "should be required to leave" -- a high in Quinnipiac polling since early 2013.

When the polling firm first asked the question in April 2013, 60 percent said they favored allowing such immigrants to gain citizenship. That number is now below 50 percent, as the number calling for some sort of deportation has increased.

http://www.washingtonpost.com/blogs/the-fix/wp/2014/11/25/more-than-a-third-of-americans-think-undocumented-immigrants-cant-stay/


President Obama's defiance of the Constitution sets dangerous precedent: guest opinion
By Alabama Attorney General Luther Strange

Seventeen days after his political party and his policies suffered a major rejection from the American electorate, President Obama made good on his threat to issue an executive order effectively granting amnesty to some 5 million illegal immigrants. He claimed to have acted properly out of a desire to do what is right.  However, his own past statements reveal both the illegality of his extra-constitutional maneuvering as well as the insincerity of his motives.

In February 2013 while participating in an online discussion about immigration reform, President Obama admitted that he had no legal authority to unilaterally grant amnesty without the consent of Congress: "The problem is, is that I'm the president of the United States, I'm not the emperor of the United States. My job is to execute laws that are passed."

In the year and a half since he made that statement he has apparently decided that acting like an "emperor," is no longer a problem if it suits his political agenda.

The president cited Congress's failure to pass an immigration reform bill as his reason for exercising this unprecedented usurpation of the law.  His action sets the dangerous precedent that a president can simply overrule Congress - much like a monarch - if the legislative branch fails to rubber-stamp his political objectives.

The president further claims that he had no choice but to issue the executive order due to a lack of cooperation from conservatives in Congress.  He conveniently omitted that fact that he has refused to consider any immigration reform legislation that first focuses on the root cause of America's illegal immigration program - the failure to adequately enforce our current immigration laws.  He has stubbornly held to his position that a path to citizenship (i.e., amnesty) must be a part of any immigration legislation.

http://www.al.com/opinion/index.ssf/2014/11/president_obamas_defiance_of_t.html


""***ILLEGAL***"" Immigration
http://www.therealnewsmatters.com/search?q=ILLEGAL+Immigration&max-results=20&by-date=true

IS the U.S. Economy Heading for another DEEP Freeze like it saw in Q1 2014??????????????????

http://www.mlive.com/weather/index.ssf/2014/11/great_lakes_ice_cover_developi.html 

 

Great Lakes ice cover developing; Earliest in over 40 years

By Mark Torregrossa

Ice is already starting to develop on Michigan's Great Lakes. This is the earliest ice on some of the Great Lakes in at least 40 years.

According to the Great Lakes Environmental Research Laboratory, on November 20, 2014, three of Michigan's Great Lakes had ice starting to form. Lake Superior and Lake Michigan were one-half percent ice covered, while Lake Huron had one percent ice. Lake Erie was not reporting any ice as of Nov. 20, 2014.

Decent early season ice coverage records date back to 1973. Last Friday was the earliest date that all three Great Lakes already had ice since the better reporting of early season ice began.

Lake Superior actually had ice forming on November 15th of this year. That is the earliest ice on Lake Superior in the good data set.

Lakes Superior, Michigan and Huron had ice 10 days earlier this year than last year.

Lake Superior only had five and a half months without any ice on the lake.

Here's what Lake Michigan looked like in February 2014.

http://www.mlive.com/weather/index.ssf/2014/11/great_lakes_ice_cover_developi.html 

America's ""Community Organizer"" only made things WORSE after Last NIGHT'S ""BULLSHIT"" PLEA for CALM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

And to the LIBERAL Governor Running Missouri, USE the Fricking National Guard!!!!!!!!!!!!!!!!!! YOU have a RESPONSIBILITY to Protect LIFE and Property from Rioters NO Matter the Skin Color!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


Obama's Split-Screen Appeal Lost in Ferguson's Anger
By James Oliphant
November 24, 2014

It will be an image that may endure beyond Barack Obama's tenure: The president calling for calm on one side of the TV screen; the scene in Ferguson, Mo. escalating with sirens, smoke, flash grenades, and furious residents on the other.

Obama emerged into the White House Briefing Room shortly after 10 pm ET, a little more than 90 minutes after prosecutors in St. Louis County announced that a grand jury had voted to not indict Officer Darren Wilson in the summer shooting death of Michael Brown.

Even as the president spoke, it felt as if the situation on the ground in Ferguson was beginning to spiral. And viewers could be forgiven for becoming transfixed by the pictures and tuning out Obama's calls for calm.

http://www.nationaljournal.com/white-house/obama-s-split-screen-appeal-lost-in-ferguson-s-anger-20141124


Obama begs for calm as rioters set fires and attack police cars in Ferguson after grand jury refuses to indict police officer in Michael Brown case

  • Television split-screen broadcasts showed dramatic contrast between the president's requests for nonviolent reactions and the fires set on the streets of Ferguson, Missouri
  • Dispelling black activists' distrust for police 'won't be done by smashing car windows,' Obama said, as cable news screens showed windows being smashed and reporters warned of shots fired 
  • Rioters threw bottles and rocks at police after grand jury members decided they couldn't charge Officer Darren Wilson with a crime 
  • Obama left the press briefing room after a nine-minute statement when reporters began asking him whether Wilson will face separate federal civil-rights charges
By David Martosko, US Political Editor for MailOnline

President Barack Obama pleaded quietly for calm in Ferguson, Missouri on Monday night, speaking from the White House as rioters overtook streets in the St. Louis suburb and cable TV broadcasts showed them setting fires and attacking police cars.

After members of a grand jury determined that police officer Darren Wilson will not face criminal charges related to the death of 18-year-old Michael Brown on August 9, peaceful protests spiraled out of control. Obama spoke to the nation a half-hour later.

The president said anger is an 'understandable reaction' from people who believe 'the law is being applied in a discriminatory fashion,' a reference to Wilson being white and Brown being black.

'What we need to do is try to understand them,' Obama said.

http://www.dailymail.co.uk/news/article-2848308/Obama-begs-calm-rioters-set-fires-attack-police-cars-Ferguson-grand-jury-refuses-indict-police-officer-Michael-Brown-case.html 


Most Businesses Destroyed in Ferguson Minority Owned

FERGUSON, Missouri----KMOV-TV reports that the majority of stores that were damaged or completely destroyed during Monday night's violent riots in Ferguson were minority owned. Fire Departments around the St. Louis County Area put out 25 structural fires caused by vandals and looters following the announcement from the grand jury that Ferguson Police Officer Darren Wilson would not be indicted in the death of Mike Brown.

Most of the damaged businesses were on West Florissant Avenue and included: Walgreens, Little Caesers Pizza,  Autozone, Beauty Town, Title Max, Family Dollar Store, and O'Reilly Auto Parts. Small-business owner Natalie Dubose was in tears when she realized her cake store was attacked by vandals.

Dubose, a mother of two, previously told CNN, "If I can't open my doors every morning, I can't feed my kids in the evening. Just don't burn my shop down, don't destroy it."

http://www.breitbart.com/Big-Government/2014/11/25/Most-Businesses-Destroyed-in-Ferguson-Minority-Owned


Ferguson 
http://www.therealnewsmatters.com/search?q=Ferguson&max-results=20&by-date=true 
U.S. Home Prices Decelerated Further in September, Says S&P/Case-Shiller
By Kathleen Madigan
Dow Jones

The yearly growth in home prices across the U.S. decelerated further in September, according to a home price report released Tuesday.

The home price index covering the entire nation increased 4.8% in the 12 months ended in September, said the S&P/ Case-Shiller Home Price Index report. That is down from 5.1% in August.

The home price index covering 10 major U.S. cities increased 4.8% in the year ended in September. The 20-city price index was up 4.9%. That is down from 5.6% in August but slightly above the 4.8% expected by economists surveyed by The Wall Street Journal.

On an unadjusted basis, the 10-city and 20-city gauges were unchanged in September from August, while the national index slipped 0.1%. S&P said that was the first national decline since November 2013.

http://www.nasdaq.com/article/us-home-prices-decelerated-further-in-september-says-spcaseshiller-20141125-00610



Case Shiller Reports "Broad-Based Slowdown For Home Prices", First Monthly Decrease Since November 2013

 

While the just revised Q3 GDP surprised everyone to the upside, the Case Shiller index for September which was also reported moments ago, showed yet another month of what it called a "Broad-based Slowdown for Home Prices." The bad news: the 20-City Composite gained 4.9% year-over-year, compared to 5.6% in August. However, this was modestly above the 4.6% expected. However, what was more troubling is that on a sequential basis, the Top 20 Composite MSA posted a modest -0.03% decline, the first sequential drop since February. And from the report itself: "The National Index reported a month-over-month decrease for the first time since November 2013. The Northeast region reported its first negative monthly returns since December 2013 and its worst annual returns since December 2012 due to weaknesses in Washington D.C. and Boston."

http://www.zerohedge.com/news/2014-11-25/case-shiller-reports-broad-based-slowdown-home-prices-first-monthly-decrease-novembe 

 

 

Black Knight: House Price Index down slightly in September, Up 4.6% year-over-year
By Bill McBride

From Black Knight: U.S. Home Prices Down Slightly for the Month; Up 4.6 Percent Year-Over-Year

The Black Knight HPI declined 0.01% percent in September, and is off 10.2% from the peak in June 2006 (not adjusted for inflation).

Black Knight shows prices off 41.0% from the peak in Las Vegas, off 34.3% in Orlando, and 31.7% off from the peak in Riverside-San Bernardino, CA (Inland Empire). Prices are at new highs in Colorado and Texas (Denver, Austin, Dallas, Houston and San Antonio metros). Prices are also at new highs in Honolulu, HI, Nashville, TN and San Jose, CA.

http://www.calculatedriskblog.com/2014/11/black-knight-house-price-index-down.html 


U.S. Housing.........................Now Comes the CORRECTION!!!!!!!!!!!!!!!!!!!!!!!!!!!

http://www.therealnewsmatters.com/search?q=U.S.+Housing&max-results=20&by-date=true