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Friday, April 27, 2012

Harvard Business School Reviewed One Of Kyle Bass' Most Bearish Trades

By Julia La Roche 

http://www.businessinsider.com/one-of-kyle-bass-big-trades-gets-reviewed-by-harvard-2012-4 

 

http://www.absolutereturn-alpha.com/Article/2769630/Search/Kyle-Bass-on-debt-Japan-Greece-Iceland-and-popular.html

 

http://www.absolutereturn-alpha.com/Article/2911392/Search/Michael-Lewis-homes-in-on-Kyle-Basss-killer-instinct-in-new.html

 

Kyle Bass CNBC

http://video.cnbc.com/gallery/?video=3000005603

 

http://www.absolutereturn-alpha.com/Article/3018887/Kyle-Bass-Japan-short-gets-the-B-school-case-study-treatment.html?ArticleId=3018887 

 

Kyle Bass Reports

http://www.hedgefundintelligence.com/EuroHedge-Search-Results.html?Keywords=Kyle+Bass 

 

Kyle Bass Warned in December the Ponzi SCAM of the Central Banksters was coming to a Disastrous ENDING!!!!!!!!!! 

 

AC2011 Session 1.2 Come Undone: Kyle Bass redux 

http://www.youtube.com/watch?v=5V3kpKzd-Yw 

 

Germany Rejects Spain Banks Tapping Bailout Fund, Meister Says

http://www.bloomberg.com/news/2012-04-27/germany-rejects-spain-banks-tapping-bailout-fund-meister-says.html 

 

Spanish Economy Crumbles: Unemployment Nearly 25%

http://www.zerohedge.com/news/spanish-economy-crumbles-unemployment-nearly-25 

 

Spain’s Unemployment Rate Rises to Highest in 18 Years




Spain to Seek Foreign Investors to Offload Bank Property



Spain, Italy Bonds Drop on Spanish Rating Cut; Bunds Rise



Spain Cut by S&P for 2nd Time This Year on Banks, Economy



IMF Reports on Spanish Banks 

By: Ian_R_Campbell 

http://www.marketoracle.co.uk/Article34346.html 

 

Financial Tsunami Alert: Send in the Bond Squad 

By: Ty_Andros 

http://www.marketoracle.co.uk/Article34347.html 

 

IMF warns that Europe's crisis could undo Asia  

By: David Uren, Economics editor

http://www.theaustralian.com.au/business/imf-warns-that-europes-crisis-could-undo-asia/story-e6frg8zx-1226341176671 

 

S&P Exec: Spanish Banks May Need State Aid

Reuters

http://www.foxbusiness.com/markets/2012/04/27/sp-exec-spanish-banks-may-need-state-aid/ 

 

Spain Facing 'Crisis of Huge Proportions'

Reuters

http://www.foxbusiness.com/markets/2012/04/27/spain-spiraling-into-greece-territory/ 

 

Spanish economy in "huge crisis" after credit downgrade

http://profit.ndtv.com/News/Article/spanish-economy-in-huge-crisis-after-credit-downgrade-303004 

 

I'm a Thinkinking that Next Weeks NFP Report is going to be another "DISAPPOINTMENT"!!!!!!!

 

Big GDP Miss: 2.2% Vs Expectations Of 2.5%, Composition Even Uglier

http://www.zerohedge.com/news/big-gdp-miss-22-vs-expectations-25 

 

"*****It takes $2.52 in new debt to increase $1 of GDP*****"!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

 

Chart Of The Day: Change In Q1 American Debt And GDP

Presented without much commentary, because little is necessary: the only ratio that matters for the US economy, the change in US public debt ($359.1 billion) and US GDP ($142.4) in the first quarter, hit 2.52x and rising. 

It takes $2.52 in new debt to increase $1 of GDP.
 http://www.zerohedge.com/news/chart-day-change-q1-american-debt-and-gdp 

A Complete Breakdown Of US GDP Growth In One Simple Chart

By Sam Ro

http://www.businessinsider.com/scott-barber-gdp-growth-contributions-chart-2012-4

 

US GDP MISSES EXPECTATIONS—GROWS 2.2%

By Eric Platt

http://www.businessinsider.com/q1-gdp-2012-4

 

Economy in U.S. Grew Less Than Forecast in First Quarter



 

Back in 1979 my First class in Economics my Professor use to talk about the "Invisible Hand of Government"...............OMG has TIME Changed that Concept!!!!!!!!!!!!!!!!

 

Jim Grant On The Monetary Priesthood's "Atlas Complex"

http://www.zerohedge.com/news/jim-grant-monetary-priesthoods-atlas-complex 

 

Jim Grant

http://www.therealnewsmatters.com/search?q=Jim+Grant 

Thursday, April 26, 2012

Bill Gross On Europe's Dysfunction And US Double-Dips

PIMCO's Bill Gross spent a longer-than-soundbite period discussing QE3, the chance of a US double-dip, and Europe's ongoing dysfunction with Trish Regan on Bloomberg Television this afternoon

http://www.zerohedge.com/news/bill-gross-europes-dysfunction-and-us-double-dips 

 

Slower China economy a worry for Western firms

By Scott Malone and Tom Bergin

(Reuters) - As China's economy cools, some big U.S. and European companies are losing what had been one of their surest growth bets.

http://www.reuters.com/article/2012/04/26/us-corporate-china-idUSBRE83P1IR20120426  

 

Social Security Has A Real Problem

By Lance Roberts of Street Talk Live

http://www.zerohedge.com/news/guest-post-social-security-has-real-problem

 

Freeing Boomers From Social Security Cuts Blows Up Math

By Brian Faler 
http://www.businessweek.com/news/2012-04-26/freeing-boomers-from-social-security-cuts-blows-up-math 

 

Social Security is a Ponzi scheme

By Judge Andrew P. Napolitano

http://www.foxnews.com/opinion/2012/04/26/social-security-iisi-ponzi-scheme/


Congress cannot afford to punt on Social Security

By Former Reps. Jim Kolbe (R-Ariz.) and Charlie Stenholm (D-Texas)
http://thehill.com/blogs/congress-blog/economy-a-budget/223761-congress-cannot-afford-to-punt-on-social-security 

EPA Official's 'Philosophy' On Oil Companies: 'Crucify Them' - Just As Romans Crucified Conquered Citizens

EPA Official on Non-Compliant Companies: ‘Hit Them as Hard as You Can’ & ‘Make Examples Out of Them,’ Cites Crucifixion

http://www.theblaze.com/stories/epa-official-on-non-compliant-companies-hit-them-as-hard-as-you-can%E2%80%99-make-examples-out-of-them/ 

 

EPA Official: We’re “Crucifying” Oil And Gas Companies…

http://weaselzippers.us/2012/04/25/epa-official-were-crucifying-oil-and-gas-companies/ 

 

Salazar: 'No one knows' if US headed to $9/gal gas
 

ByJoel Gehrke  

http://campaign2012.washingtonexaminer.com/blogs/beltway-confidential/salazar-no-one-knows-if-us-headed-9gal-gas/499451

 

"If I wanted America to fail" 

http://www.therealnewsmatters.com/2012/04/if-i-wanted-america-to-fail-httpwww.html

 

Morgan Stanley Downgrade May Hurt Debt Unit, Hintz Says

By Christine Harper and Michael J. Moore 
http://www.businessweek.com/news/2012-04-26/morgan-stanley-downgrade-may-hurt-debt-unit-hintz-says 

S&P Cuts Spain to BBB+, Outlook Negative

Adding insult to Bayern Munich injury, we just got S&P which did the impossible and cut Spain to BBB+ from A (outlook negative) not on Friday after hours. Kneejerk reaction is a 30 pip drop in EURUSD. Oh, and most amusing, those witches among men, Egan Jones, downgraded Spain from BBB to BBB-.... a week ago.

http://www.zerohedge.com/news/spain-cuts-spain-bbb-outlook-negative 

 

S&P DOWNGRADES SPAIN

By Joe Weisenthal

FULL TEXT from S&P 

http://www.businessinsider.com/sp-downgrades-spain-2012-4

 

 

S&P Downgrades Spain Amid Growing Risks Over Government Debt

After the bell, S&P downgraded Spain’s long-term credit rating to ‘BBB+’ from ‘A.’ While certainly not a surprise, the timing was a bit unexpected. The euro fell after the downgrade, and was recently at $1.3207. 

In February, Moody’s cut Spain’s credit rating to A3 from A1, saying that the “country’s challenging fiscal outlook is being exacerbated by the larger-than-expected fiscal slippage in 2011, mainly on account of budget overshoots by Spain’s regional governments.” 


http://blogs.wsj.com/marketbeat/2012/04/26/sp-downgrades-spain-amid-growing-risks-over-government-debt/

Northwestern Mutual Research Indicates Many Are Financially Unprepared to Live Beyond Average Life Expectancies   

MILWAUKEE, April 25, 2012 /PRNewswire/ -- Northwestern Mutual released today the Longevity & Preparedness Study that reveals Americans appear to be startlingly unprepared financially to live into their 70s, 80s and 90s. The study is the second in a series of research exploring the state of planning in America. 

http://media.northwesternmutual.com/article_display.cfm?article_id=1342 

 

http://www.northwesternmutual.com/learning-center/studies-and-reports/Documents/planning_progress.pdf 

 

http://www.northwesternmutual.com/learning-center/studies-and-reports/Documents/planning_infographic.pdf

 

45% Of Americans Will Probably Run Out Of Money By Their 75th Birthday

By Jana Kasperkevic

http://www.businessinsider.com/outliving-your-savings-in-retirement-northwestern-study-2012-4

 
 

BULLISH SENTIMENT AT LOWEST LEVEL SINCE LAST SEPTEMBER

By Charles Rotblut, CFA, AAII

http://pragcap.com/bullish-sentiment-at-lowest-level-since-last-september 

France's election

The rather dangerous Monsieur Hollande

The Socialist who is likely to be the next French president would be bad for his country and Europe

http://www.economist.com/node/21553446 

22 Red Flags That Indicate That Very Serious Doom Is Coming For Global Financial Markets

By  

http://world.hawaiinewsdaily.com/2012/04/22-red-flags-that-indicate-that-very-serious-doom-is-coming-for-global-financial-markets/ 

 

Slovenian Banks’ Ratings Cut by Moody’s as Asset Quality Worsens

http://www.therealnewsmatters.com/2012/04/big-banks-still-dragging-s-lower-by-tom.html 

 

Peak Dow, Peak GDP And Peak Oil

By Charles Hugh Smith from Of Two Minds

http://www.zerohedge.com/news/guest-post-peak-dow-peak-gdp-and-peak-oil

Slovenian Banks’ Ratings Cut by Moody’s as Asset Quality Worsens

By Boris Cerni

http://www.businessweek.com/news/2012-04-25/slovenian-banks-ratings-cut-by-moody-s-as-asset-quality-worsens 

 

Slovenia anticipated rate cuts -finance minster

By LJUBLJANA

(Reuters) - Moody's downgrade of Slovenia's three largest banks was "somewhat expected" but their ratings should improve once planned capital hikes are completed, Finance Minister Janez Sustersic said on Thursday.

http://www.reuters.com/article/2012/04/26/slovenia-banks-idUSL6E8FQ6Y620120426  

 

Big Banks Still Dragging S&P Lower

By Tom Aspray

http://www.forbes.com/sites/tomaspray/2012/04/26/big-banks-still-dragging-sp-lower/?partner=yahootix

 

Evercore Profit Falls 62% as Investment Banking Costs Rise





EU Weighs Basel Reprieve for Banks If U.S Rivals Avoid Rules





Deutsche Bank Sees April Slowdown as Profit Falls 33%







Italy Borrowing Costs Rise at Auction on Crisis Concerns








Ireland’s Noonan Says Will Cut Growth Forecast by Almost Half









Chris Whalen’s View of Economic Hell

http://www.therealnewsmatters.com/search?q=Chris+Whalen 

ROBERT SHILLER: THERE’S MORE DOWNSIDE IN HOUSING PRICES

By Cullen Roche

http://pragcap.com/robert-shiller-theres-more-downside-in-housing-prices

 

54 Percent of U.S. Metros Post Quarterly Increase in Foreclosure Activity in First Quarter

By RealtyTrac Staff

IRVINE, Calif. – April 26, 2012 – RealtyTrac® (www.realtytrac.com), the leading online marketplace for foreclosure properties, today released its Q1 2012 Metropolitan Foreclosure Market Report, which shows first quarter foreclosure activity increased from the previous quarter in 114 out of the nation’s 212 metropolitan areas with a population of 200,000 or more. 

http://www.realtytrac.com/content/foreclosure-market-report/foreclosure-trends--metro-foreclosure-activity-in-q1-2012-7167 

 

RealtyTrac: Foreclosure activity mixed in Q1

From RealtyTrac: 54 Percent of U.S. Metros Post Quarterly Increase in Foreclosure Activity in First Quarter of 2012


First quarter foreclosure activity increased from the previous quarter in 26 out of the nation’s 50 largest metro areas, led by Pittsburgh (up 49 percent), Indianapolis (up 37 percent), Philadelphia (up 30 percent), New York (up 24 percent), Raleigh, N.C. (up 23 percent), and Virginia Beach, Va. (up 22 percent).
http://www.calculatedriskblog.com/2012/04/realtytrac-foreclosure-activity-mixed.html 

 

20 American Cities That Are Getting Crushed By Foreclosures

http://www.therealnewsmatters.com/2012/04/world-has-little-use-for-suburban.html 

 

Manufacturing In The Midwest MISSES EXPECTATIONS, Index Falls To 3

By Eric Platt

http://www.businessinsider.com/kansas-city-fed-manufacturing-2012-4

 

Kansas City Fed’s Manufacturing Survey for April (Text)

By Alex Tanzi 
http://www.businessweek.com/news/2012-04-26/kansas-city-fed-s-manufacturing-survey-for-april-text 

Kansas City Fed April Manufacturing Composite Index Weakens To 3

http://www.4-traders.com/news/Kansas-City-Fed-April-Manufacturing-Composite-Index-Weakens-To-3--14298549/ 

 

DISASTER: EMPIRE FED MANUFACTURING REPORT PLUNGES TO 6.56

http://www.therealnewsmatters.com/search?q=Empire+Report 

 

Philly Fed Report

http://www.therealnewsmatters.com/search?q=Philly+Fed+Report 

 

The Bailout Of The US Postal Service Begins: Cost To Taxpayers - $110,000 Per Union Vote "Saved Or Gained"

http://www.zerohedge.com/news/bailout-postal-service-begins-cost-taxpayers-110000-vote-saved-or-gained 

 

Senate votes to slow closing of post offices

AP

http://news.yahoo.com/senate-votes-slow-closing-post-offices-210018033.html 

 

""The USPS Is About To Go Out Like The Pony Express"" 

 

NO Viable Business Plan "$$$$Billions in Unfunded Liabilities" and Losing $$$$BILLIONS in Current Operations. Just another Classic "BIG Government" Trainwreck brought to you be the FOOLS America continues to Send to Washington

 

America's postal service

The way of the Pony Express? 

http://www.economist.com/blogs/democracyinamerica/2012/04/americas-postal-service 


Mark Grant WARNS Again!!!!!!!!

Translating "Growth" Into European

By Mark J. Grant

http://www.zerohedge.com/news/translating-growth-european

 

Euro-Area Economic Confidence Drops More Than Forecast

http://www.bloomberg.com/news/2012-04-26/euro-area-april-economic-confidence-drops-more-than-forecast-1-.html 


European Confidence Tumbles To November 2009 Levels, Euro-Wide Double Dip Inevitable

http://www.zerohedge.com/news/european-confidence-tumbles-november-2009-levels-euro-wide-double-dip-inevitable 

 

Mark Grant

http://www.therealnewsmatters.com/search?q=Mark+Grant 

GARY SHILLING: This Is What Will Tip The Economy Into Recession

By Mamta Badkar 

http://www.businessinsider.com/gary-shilling-us-economy-overdue-recession-2012-4 

 

Fed sees more growth? Don't count on it. Recession ahead.

Despite the Federal Reserve's brighter outlook for the economy, consumers won't spend enough to keep the US from sliding into a moderate recession this year.

By A. Gary Shilling,
http://www.csmonitor.com/Business/new-economy/2012/0425/Fed-sees-more-growth-Don-t-count-on-it.-Recession-ahead 

 

Gary Shilling.........aka "PaPa BEAR"!!!

http://www.therealnewsmatters.com/search?q=Gary+Shilling 

The World Has Little Use For A Suburban American Single Family Home Priced Over $250K

By Gregor MacDonald, Gregor.us

http://www.businessinsider.com/american-houses-and-the-oil-denominator-2012-4

 

20 American Cities That Are Getting Crushed By Foreclosures

By Mamta Badkar

http://www.businessinsider.com/realtytrac-20-cities-foreclosures-2012-4?op=1

 

Whitney did warn investors away from regional banks, which have attracted attention because of their lack of exposure to the European sovereign debt crisis. She said some of the solid earnings reports this quarter are attributable to one-time loan-loss provisions that won't be repeated in subsequent quarters.

"The big banks are kind of zombie-like, treading along, not that interesting," she said. "Some of the regional banks, some of the large regional banks is where the real action is on the downside."

 

No Recovery Here

http://www.therealnewsmatters.com/search?q=No+Recovery+Here 

 

Housing Depression

http://www.therealnewsmatters.com/search?q=Housing+Depression 

 

Robert Shiller

http://www.therealnewsmatters.com/search?q=Robert+Shiller 

Jobless Claims Stay Elevated as Labor Market Gains Stall

Reuters

http://www.cnbc.com/id/47186701 

 

House Dem: Unemployed Will Vote For Obama To Keep "Their Benefits"

http://www.realclearpolitics.com/video/2012/04/25/house_dem_unemployed_will_vote_for_obama_to_keep_their_benefits.html 

 

The REAL Reason Investors Should Be Worried This Morning

By Joe Weisenthal

http://www.businessinsider.com/a-quick-reminder-one-of-our-favorite-indicators-says-stocks-are-heading-down-2012-4 

 

Just As Predicted, Initial Claims Miss Huge, Yet Magically Improve

http://www.zerohedge.com/news/just-predicted-initial-claims-miss-huge-yet-magically-improve 

 

Here's The Ominous Jobless Claims Chart That Scares The Crap Out Of Everyone

By Sam Ro

http://www.businessinsider.com/kleintop-jobless-claims-26-2012-4

 

America, "Liquidity" "IS" not a Solution for "Solvency". EUROPE for the most part "IS" Broke and you better believe this, The Worse has yet to COME!!!!!!!!!!!


LTRO #Fail 2: European Credit Supply And Demand Fading Fast

http://www.zerohedge.com/news/ltro-fail-2-european-credit-supply-and-demand-fading-fast 

 

The ECB holds about a trillion euros of worthless assets and it grows by the day, while the European Investment Bank is preparing for a return to the drachma - claims Godfrey Bloom MEP

The mightiest dam's collapse will start with hairline cracks, almost invisible to the naked eye. The great euro dam started to crack five years ago when sovereign bond spreads started to expand albeit by only a few basis points. We now see the spreads have moved to several full percentage points. This, of course, tells even the most obtuse of tribal economists we are now in the end game. 

http://www.therealnewsmatters.com/2012/04/1-industry-to-greek-economy-is-tourism.html


Hollande Vows Not to Ratify Euro Pact, Auguring Merkel Clash

France's Hollande to renegotiate European treaty

http://www.therealnewsmatters.com/2012/04/hollande-vows-not-to-ratify-euro-pact.html 

 

Whitney did warn investors away from regional banks, which have attracted attention because of their lack of exposure to the European sovereign debt crisis. She said some of the solid earnings reports this quarter are attributable to one-time loan-loss provisions that won't be repeated in subsequent quarters.

"The big banks are kind of zombie-like, treading along, not that interesting," she said. "Some of the regional banks, some of the large regional banks is where the real action is on the downside."

Whitney 'Wildly Bullish' on Certain US Markets, But...

By: Jeff Cox

http://www.cnbc.com/id/47177696 


Wednesday, April 25, 2012

Those of you in the American "Middle Class" Should be VERY Afraid at what is Coming at you thanks to Washington and the "NEW Normal"!!!!!!!!!!!!!!!!

 

Peak Housing, Peak Fraud, Peak Suburbia And Peak Property Taxes

By Charles Hugh-Smith of Of Two Minds blog

http://www.zerohedge.com/news/guest-post-peak-housing-peak-fraud-peak-suburbia-and-peak-property-taxes 

The #1 Industry to the Greek Economy IS Tourism and if European Vacations Exclude Greece this Summer, The Greek Economy Will Collapse come Labor Day!!!!!!!!!!!

 

Slowdown in Europe: The worst is yet to come,
says IMF report
Shyam Bhatia in London

http://www.tribuneindia.com/2012/20120421/main5.htm 


The ECB holds about a trillion euros of worthless assets and it grows by the day, while the European Investment Bank is preparing for a return to the drachma - claims Godfrey Bloom MEP

The mightiest dam's collapse will start with hairline cracks, almost invisible to the naked eye. The great euro dam started to crack five years ago when sovereign bond spreads started to expand albeit by only a few basis points. We now see the spreads have moved to several full percentage points. This, of course, tells even the most obtuse of tribal economists we are now in the end game. 

http://www.publicserviceeurope.com/article/1835/eu-already-planning-greek-withdrawal-from-the-euro 


Greek conservative rebel battles German "domination"

By Harry Papachristou, 
Reuters

 http://au.news.yahoo.com/world/a/-/world/13504498/greek-conservative-rebel-battles-german-domination/



GREECE "WILL" Leave the EUROZONE and next Month's Elections WILL set the Stage for their Exit!!!!!!!!!!!!!! HELL "IS" Coming to EUROPE as the "2012 Recession" is about to TURN REAL Ugly 

 

Greek Economy tanks more than expected

http://macedoniaonline.eu/content/view/20869/46/

 

Greek Economy to Shrink 5 pct, Rforms to Accelerate in 2012: Central Banker

http://english.cri.cn/6826/2012/04/24/2561s695294.htm 

 

Greece Will Bail Out Its Banks, But Not Its People

http://greece.greekreporter.com/2012/04/24/greece-will-bail-out-its-banks-but-not-its-people/ 

 

Greek anger keeps German tourists away

By Erik Kirschbaum

http://www.reuters.com/article/2012/04/25/us-greece-election-germans-idUSBRE83O0WU20120425 

 

There Goes Greek GDP: Nazional Lampoons Greek Vacation Just Got Cancelled

http://www.zerohedge.com/news/there-goes-greek-gdp-nazional-lampoons-greek-vacation-just-got-cancelled 

 

Greek central bank chief warns of euro exit

http://www.therealnewsmatters.com/2012/04/greek-central-bank-chief-warns-of-euro.html 

 

Hollande Vows Not to Ratify Euro Pact, Auguring Merkel Clash




France's Hollande to renegotiate European treaty



Hollande wants new economic treaty



Hollande Aims at Merkel in Escalating Debt-Crisis Critique




This Is The UK's Weakest Recovery In 100 Years

 

IMF encourages Europe's economic suicide

China, Japan, America, the oil powers, and the rising economies of Latin America had a chance to pull Europe back from suicide through IMF pressure, but the world dropped the ball. 

http://www.therealnewsmatters.com/2012/04/this-is-uks-weakest-recovery-in-100.html

 

Greek central bank chief warns of euro exit

http://www.therealnewsmatters.com/2012/04/greek-central-bank-chief-warns-of-euro.html 

 

ECB's Draghi throws crisis ball back to governments

http://www.therealnewsmatters.com/2012/04/ecbs-draghi-throws-crisis-ball-back-to.html 

 

A Sea Change Is Suddenly Taking Place In Europe

Austerity backlash a euro zone threat

http://www.therealnewsmatters.com/2012/04/sea-change-is-suddenly-taking-place-in.html 

Nearly 4 Years since TARP and the American Taxpayer is still be SCREWED by the BANKS that took the Money!!!!!!!!!!!!!!!!!!! 

There is still more than $132 BILLION Dollars that hasn't been Paid Back and TAXPAYERS WILL PAY Interest on this Outstanding DEBT to Countries like "CHINA" till your Great Grandchildren are "OLD and GRAY" 




 

http://www.sigtarp.gov/frate2abAt2a/tre9uPrUvAst.pdf 


Tarp Overseer Debunks Bailout Myths: Big Companies HAVEN’T Repaid Tarp Funds … And Funds to Help Homeowners HAVEN’T Been Paid

http://www.zerohedge.com/contributed/2012-17-25/tarp-overseer-debunks-bailout-myths-big-companies-haven%E2%80%99t-repaid-tarp-funds-%E2%80%A6