Sunday, September 30, 2012
The Columbus Dispatch: Dispatch Poll: Obama widens lead as balloting starts
The Star.com: Red flags at the UN summit about global warming
The South Pacific archipelago state of Kiribati has now seen some of its islands vanish beneath the waves. It’s a portent of worse to come.
Canadians rank second last of 17 countries surveyed for sustainable behaviour in a study by GlobeScan and the National Geographic Society. That’s not even pale green. Americans rated lowest.
Meanwhile, China may one day overtake America as the world’s leading polluter, with a population of 1.3 billion. The growth of other emerging countries including India, Brazil and South Africa, while positive, may compound the global warming problem.
AlterNet: Why Right-Wingers Need ‘Skewed Polls’ Conspiracy Theory for Romney to Win -- And Even More If He Loses
Saturday, September 29, 2012
Reuters: Ann Romney: biggest fear is for Mitt's "mental well-being"
Friday, September 28, 2012
At 8:20 a.m. futures are moderately lower, the dollar is mostly up against major world currencies, and the price of oil is ever so slightly higher per barrel. The market is poised to open lower.
Not much of a change here from yesterday's and many previous days' reflection on the state of the investment world. Spain is repeatedly in focus and that country's economic crisis remains in the investment headlines. Allegedly more data will be coming through the pipes which will give more detailed understanding of how money is not flowing in Spain.
Notice that my favorite data, consumer confidence, is on tap. I still find the term to be something of a car wreck meets the objectively cold calculations of accountants. Are you confident in your consumption Mr. Consumer.
CNN: Stocks: Spain in focus
Spanish banks will receive auditors' results of stress tests, which will give investors a clearer view of the area's economic struggles.
...Chinese investors continued to rally on the central bank's record injection of liquidity into money markets.
Investors were awaiting data on personal spending, manufacturing and consumer confidence.
Thursday, September 27, 2012
Business Recorder: Global warming freezes world economy: report
At 8:10 a.m. futures are modestly higher, the dollar is mostly down against major world currencies, and the price of oil is up per barrel. The market is poised to open higher.
Investors are pleased with what appears to be something similar to quantitative easing occurring in China to stimulate that country's slightly contracting economy. Simultaneously the crap is really hitting the fan in the eurozone as massive protests continue over austerity measures in Greece and Spain. As we have said before, this is the economic diet for the unforeseen future. At some point the news will drift away from the eurozone economic crisis but not for a long time.
CNN: Stocks look for boost from Asia
The People's Bank of China has injected a net ¥365 billion ($58 billion) into money markets this week...
...yields on 10-year Spanish bonds shot up to 6.06% Wednesday after the leader of Catalonia called for early elections...
...report on durable goods orders...
...report on pending home sales...
Wednesday, September 26, 2012
...the number of children in shelters would be even higher were it not for the fact that 65% of homeless families seeking admission to shelters are being turned away.
Okay I am slightly revising my original prediction that Romney wins it in November. He could still win of course, America has no conscience about voting against its best interests, this has been shown time and time again. But now if he does win it will be while Obama holds a one point lead at the time of the election.
ABC News: Romney: Obama ‘Did Not’ Raise Taxes
Behind him, Ryan appeared to wince at the mention.
Vice presidential nominee Rep. Paul Ryan (R-WI) has apparently “gone rogue” and is now openly mocking his running mate, former Gov. Mitt Romney (R-MA) in front of reporters and staff. Ryan has gone so far as to nickname Romney “The Stench,” and top brass at the Romney campaign have taken to…
At 7:30 a.m. futures are slightly lower, the dollar is mostly up against major world currencies, and the price of oil is down per barrel. The market is poised to open lower. Recall that on Tuesday the DOW plunged over 100 points.
Investors are looking at footage of people going absolutely bonkers in Greece and Spain as the ugly imposition of austerity reaches the ordinary people and stirs intense disgust with their respective governments. Give Romney four years and you will see more of that here except it won't make it on national TV, it will only be known in the communities where it is occurring and to those willing to seek out that information.
Essentially it's another day of fears over the messy and contracting world economy with China and the eurozone in focus.
CNN: Stocks plagued by 'nervousness'
Thousands of demonstrators took to the streets in Greece in protest of new austerity measures. And, in Spain, anti-austerity protests in Madrid turned violent...
...China stocks continue to struggle on economic growth concerns.
...in the United States, reports are due on new home sales and mortgage applications.
Tuesday, September 25, 2012
Raw Story: Romney suggests teachers unions should be prohibited from campaign donations
JIM SANDE – IL PROGRETTO D’AMORE (CDR by Labile Music) New music by guitarist Jim Sande, following ‘Particle’ (see Vital Weekly 519) and ‘Harvest Bell Ride’ (see Vital Weekly 724), and a return to his own (?) label Labile Music. The cover gives Sande credit for acoustic guitar, and I am sure that’s what we have here, but perhaps also a bit more? Maybe there are a few looping devices at work here? Well, perhaps not. I wouldn’t know, as I never managed to play guitar in any way. It seems however, compared with his previous works, that ‘the other’ instruments are no longer used here, no more piano, bass, clarinet, oboe or vibraphone. The production is still a bit slick, but it’s just one instrument. Nine pieces, almost thirty minutes of music, and the mood is still joyful, melancholic, moody, and happy: the whole spectrum of moods are captured in these fine tunes. It still has that cinematic quality, but perhaps it’s a bit more upfront, too demanding to work as a film score, but aspiring film directors should take this name down if they want a nice bit for their next film. Undemanding once again, but that’s of course no big deal. (FdW) Vital Weekly 849
ABC News (Australia): Global warming threatens Qld agriculture sector: report
At 8:00 a.m. futures are modestly higher, the dollar is mostly up against major world currencies, and the price of oil is up per barrel. The market is poised to open in slightly higher territory. Investors and basically the rest of us are still contemplating the eurozone financial meltdown saga and the global market contraction. What can we say, every week we read of a new plan of action, a new promise, and a new initiative on solving Europe's crumble. With each new invention, the market percolates, and with each realization of inadequacy, the market flounders. So, in my mind the major lesson is the recognition again and again that index movement is a moment to moment reactive mega-event. Fundamentally the problem with that is all parties including all invested people around the world want soaring returns and then conflicting or colliding with the need for returns is the deep extensive need for some breathing space and retooling. Essentially there is no room in the above formula to move out of carbon based fuels, force feed renewable energy, and try to live with the already extensively elevated CO2 PPM that we have right now and that will continue to radically alter the globes temperatures and a uncountable number of events within the mechanism of our environment. Mega-global warming here we come.
CNN: Stocks: Choppy trading ahead
Worries about Europe's problems have caused the euro to keep sliding against the dollar, while the dollar has fallen versus the British pound and Japanese yen.
In the United States, investors awaited reports on home prices and consumer confidence.
Monday, September 24, 2012
At 7:30 a.m. futures are moderately down, the price of oil is down, and one might presume that the dollar is mostly down against major world currencies. Right now the market is poised to open lower.
Investors are getting disappointing economic reports out of eurozone economic giant Germany. With Germany hitting the skids and the rest of the eurozone in tumble control, the overall health of the global economy is in serious question. We already know this but the new piece of info here is Germany's latest poor business climate index report.
Curiously there is a sense that the US economy is maintaining it's stubbornly slow but steady recovery and it's not exactly moving towards recession. The rest of the world, now that's a different story and how the two shall interact is the question of the month and months to come.
CNN: Stocks weighed down by growth worries
... Germany's business climate index falling to its lowest level since February 2010.
...choppy days as worries about a global growth slowdown persist.
Sunday, September 23, 2012
William Kristol On FOX News - 'The Obama Team Has Turned (The Bush Financial Meltdown) Around Pretty Well'
Saturday, September 22, 2012
Guardian UK: Belgium film on street harassment strikes a chord across Europe
Friday, September 21, 2012
"...To many of these voters, the GOP really puts the Old in Grand Old Party. It's likely that this Party doesn't like to party. And boy, the Republican Party is super white. There's a cultural and generational gap."
At 8:00 a.m. futures are modestly higher, the dollar is down against major world currencies, and the price of oil is higher per barrel. The market is poised to open higher.
Investors are marveling at the new Apple iPhone 5. Man I wish I bought shares of Apple back when it was below $100 per share in the pit of the recession. Everybody does. Well for the people that did, kudos to you, nice investment.
Otherwise the week has been ripe with major concerns about the quality of the global economy. The enormity of that issue is daunting. We suspect that the global economy will continue to be the focus for the upcoming period. On the other hand with recent reports on a slightly strengthening US housing market, the US recovery continues in a modestly positive direction, very modest.
CNN: Stocks: 3rd week of gains on the line
...World Trade Organization economists scaled back their forecasts for world trade expansion, though recent moves by central banks around the world to take action was cheered.
Apple's iPhone 5 goes on sale in U.S. stores Friday and is almost sure to be the company's best seller yet.
Thursday, September 20, 2012
At 8:00 a.m. futures are modestly lower, the dollar is mostly up against major world currencies, and the price of oil is down per barrel. The market is poised to open lower.
Investors are more than concerned about data that indicates an economic contraction occurring in American love child China and grand parent Europe. Is this something new? No, this has been in the air for some time and the notion that the global economy is in for a contraction has been weighing for some time now. After all, with the economic mess heaping up in the eurozone, what else is going to possibly happen but contraction.
Notice that the indexes have started to get up over the peak of the hill. Is this the start of something big, well that's impossible to tell. But with the DOW approaching record levels and the economic footing not quite in the robust booming zone, the bull could be running out of steam.
CNN: Stocks: Global slowdown weighs on sentiment
... report on Chinese manufacturing...showed that manufacturing in the world's second largest economy ticked up slightly in September but still contracted.
...in Europe, where Markit's regional purchasing managers index fell to a 39-month low. It showed the fastest contraction of new business and services in more than three years...
Wednesday, September 19, 2012
8. It's Not Fair to Blame Romney For the Words Coming Out of Romney's Mouth
At 8:00 a.m. futures are modestly higher, the dollar is up against major world currencies, and the price of oil is down per barrel. The market is poised to open in the mixed area although one suspects a more defined direction will arise as more data come through.
Investors are pleased to see that Japan is planning on throwing out some stimulus money to kick its economy. Investors will also be parsing through data on the housing market and that will be telling.
CNN: Stocks to rise on Japan stimulus
The Bank of Japan said it would expand its asset purchase program by ¥10 trillion in an effort to stimulate its economy as global demand slows.
...the U.S. Census Bureau will release data on housing starts and building permits for August.
...existing home sales for August...