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Wednesday, April 23, 2014

Wednesday's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website. Stocks fell for the first day in a week. Blame bonds!

Note: a bucket shop is an unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Today's stock trading has been divorced from its connection to true valuation of securities and is equivalent to a bucket shop operation.

Stock Market Performance Table

The New Abolitionism

Averting planetary disaster will mean forcing fossil fuel companies to give up at least $10 trillion in wealth.

The Civil War was all about money. The abolitionists told slaveholders that the property they owned must be forfeited, that all the wealth stored in the limbs and wombs of their property would be taken from them. Zeroed out.

Today, we have to tell owners of fossil fuels that the property they own must be forfeited in order to save the planet. The New Abolitionism explains:
Before the cannons fired at Fort Sumter, the Confederates announced their rebellion with lofty rhetoric about "violations of the Constitution of the United States" and "encroachments upon the reserved rights of the States." But the brute, bloody fact beneath those words was money. So much goddamn money.
The leaders of slave power were fighting a movement of dispossession. The abolitionists told them that the property they owned must be forfeited, that all the wealth stored in the limbs and wombs of their property would be taken from them. Zeroed out. Imagine a modern-day political movement that contended that mutual funds and 401(k)s, stocks and college savings accounts were evil institutions that must be eliminated completely, more or less overnight. This was the fear that approximately 400,000 Southern slaveholders faced on the eve of the Civil War.
Today, we rightly recoil at the thought of tabulating slaves as property. It was precisely this ontological question—property or persons?—that the war was fought over. But suspend that moral revulsion for a moment and look at the numbers: Just how much money were the South's slaves worth then? A commonly cited figure is $75 billion, which comes from multiplying the average sale price of slaves in 1860 by the number of slaves and then using the Consumer Price Index to adjust for inflation. But as economists Samuel H. Williamson and Louis P. Cain argue, using CPI-adjusted prices over such a long period doesn't really tell us much: "In the 19th century," they note, "there were no national surveys to figure out what the average consumer bought." In fact, the first such survey, in Massachusetts, wasn't conducted until 1875.
In order to get a true sense of how much wealth the South held in bondage, it makes far more sense to look at slavery in terms of the percentage of total economic value it represented at the time. And by that metric, it was colossal. In 1860, slaves represented about 16 percent of the total household assets—that is, all the wealth—in the entire country, which in today's terms is a stunning $10 trillion.
Ten trillion dollars is already a number much too large to comprehend, but remember that wealth was intensely geographically focused. According to calculations made by economic historian Gavin Wright, slaves represented nearly half the total wealth of the South on the eve of secession. "In 1860, slaves as property were worth more than all the banks, factories and railroads in the country put together," civil war historian Eric Foner tells me. "Think what would happen if you liquidated the banks, factories and railroads with no compensation."

Tuesday, April 22, 2014

Tuesday's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website.

Note: a bucket shop is an unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Today's stock trading has been divorced from its connection to true valuation of securities and is equivalent to a bucket shop operation.

Stock Market Performance Table

Rejuvenation of Organs Will Soon Be Commonplace

The Fountain of Youth was never found, but the goal of rejuvenation is now well in sight. The Regeneration of Organs Can Soon Be Commonplace reports that:

“What Nanotronics does, we work with a lab that regenerates the esophagus. This is kind of interesting, because this was by chance, but I had esophageal cancer,” says Matthew Putman, the co-founder and C.E.O. of Nanotronics, a high-tech microscopy and software company specialized in rapid testing and cutting edge computerized analysis tools. “I was lucky enough and had good enough oncologists and scientists working on my case that I recovered from it, but it's an incredibly deadly form of cancer.  With regenerative medicine you're able to actually take out part of the esophagus and replace it with a bio scaffold and seed that with stem cells so that it can regrow a new scaffold.”

Regenerative medicine is one of the fastest growing areas of research. On April 8th, scientists at the University of Edinburgh announced that they had successfully restored an organ in a living animal. This world-first breakthrough paves the way for similar techniques which may be available to humans soon.

Putman believes that in five years regenerative medicine will be far more advanced--"a technological reality," which depends on political will. “Full complicated organs are already being recreated,” he says. “What makes it into the mainstream is a matter of regulation, it's a matter of politics, it's a matter of things that are outside of science.”

Imagine patients no longer having to wait on lists for life-saving organ transplants. The stress of that waiting on the patients and their families will become a thing of the past. Regenerative medicine can recreate the organs needed and save many lives.

“There are of course political hurdles in doing anything in medicine, but that is also kind of an excuse for us when we don't accomplish things as fast as we would like to,” says Putman. “The biggest hurdle in nanotechnology and regenerative medicine specifically is that the public doesn't know about it so it's not on the radar of most people so they're not excited about it.  They don't push for it.  They don't spend money on it.  They don't lobby for it. They don't realize that their lives or their parent's lives and their children's lives can be saved by it.”

Unfortunately, regenerative medicine is not as popular as, say, the latest hot new photo sharing app. It likely won’t catch the attention of most people, unless they or someone they know are faced with a critical condition that requires an urgent transplant. “It's always amazing to me the types of technology that get attention while others that are truly world changing don't get any attention at all,” says Putman. “Regenerative medicine is a good example of that.”

Exponential Growth Toward Free Energy

There's an energy source which is doubling every two years. As of 2013, the cost per watt of solar power had fallen to just 66¢. Kurzweil's Law of Accelerating Returns allows us to project that by 2027, solar energy will supply 100% of all our energy needs. At that point, the marginal cost of energy will be very near zero. In other words, energy will be virtually free.

Most people don't quite understand an exponential growth curve, but it's exemplified by the huge increase in computing power we've experienced over the last century. Today's computers are billions of times faster than those in the Fifties. Each smartphone has thousands of times the capacity of the most expensive computers in the Fifties. That's a demonstration of the power of exponential growth.

What does the advent of Free Energy in 13 years mean for other forms of energy—fossil fuels, in other words—which have to compete? Simple. It means the end of fossil fuels. And, it means that any fossil fuels still in the ground will be worthless to extract because no one could turn a profit doing so. Thus, the problems of Global Warming will be neatly solved by the marketplace as fossil fuels will have priced themselves out of the economy.

What are the limits of solar power? Currently, if we captured all of the solar energy falling on Earth for just 88 minutes, we would have all the energy we use in an entire year! Moreover, if we just capture 0.0001 (one ten-thousandths) of that energy, we won't need anything but solar energy. That's why all those who are claiming that we are running out of cheap energy are simply barking up the wrong tree.

Ice or Molten Salt, Not Batteries, to Store Energy

We're big fans of renewable energy, such as solar. But, the key to making solar the number one source of energy is storage, as we've mentioned several times before. The New York Times discusses alternative storage solutions today: Ice or Molten Salt, Not Batteries, to Store Energy

Earth Day 44 Years On (Clickable US Map)

Follow the link and select a state to see how much warming has taken place since the first Earth Day: U.S. Warming Fast Since 1st Earth Day.

Or, select a state from the map below:

Monday, April 21, 2014

Monday's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website.

Note: a bucket shop is an unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Today's stock trading has been divorced from its connection to true valuation of securities and is equivalent to a bucket shop operation.

Stock Market Performance Table

Sunday, April 20, 2014

Sentiment

#SubscriberNotes #WeekendAnalysis have been updated on the website.

The current correction in stocks has pushed investors into a bearish mood. AAIA reports more bears than bulls, but most investors are convinced the current correction will continue.

Stock Market Performance Table

Saturday, April 19, 2014

The Coming Collapse of the Job Market and Capitalism

We've written about the loss of jobs to robots before. Now, Aaron Saenz writes Martin Ford Asks: Will Automation Lead to Economic Collapse? and critiques Ford with no success as his arguments simply fall like water through a sieve.

Ford suggests taxing industry as a mechanism to redistribute money to consumers by government, which is a total non-starter. First of all, industry controls politics and will never allow government to take profits to benefit consumers—even if doing so is ultimately to the benefit of the producer.

Ultimately, we are headed for a collapse of capitalism as all of its myriad fault lines become social earthquakes. We will see capitalists fighting tooth-and-nail to prevent the collapse, but collapse is inevitable in order to reach a more perfect society. Capitalism has been amazing in the kind of progress it has engendered, but as Ford and others (including us) are pointing out, the end is near.

Why Oil State Texas Turns Out To Be Friendly To Electric Cars

Why is Texas friendly to electric cars? It's because utilities are finding electric cars a powerful source of customer demand for their product, as EVs at Home on the Texas Range explains:
As a deregulated state, Texas allows utilities to directly participate in EV charging, which provides a new revenue stream for power distribution companies that, in other states, are focused on reducing load through energy efficiency measures. Because they can (and because it increases their profits), utilities NRG, Austin Energy, and CPS Energy have all begun installing EV charging stations across the state. A visible, reliable network of charging stations is essential to increasing consumers' confidence that they won't have to worry about getting stranded with a dwindling battery while about town.
CPS Energy's network of charging stations helps to prevent the state from running afoul of federal air quality laws. NRG's eVgo network has several subscription options to reduce the cost of home and public charging. Nissan LEAF drivers in the Houston and Dallas-Fort Worth areas also have access to free charging thanks to Nissan, which is subsidizing the NRG eVgo network in an attempt to bolster vehicle sales. Another EV charging network growing in Texas is Tesla Motors' SuperCharger network, which encircles the Dallas, Austin, and Houston areas.
Power providers in Texas are also interested in promoting EVs because the vehicles can help offset the variability of the vast wind resources being installed across the state, which will make it one of the largest producers in the world. Texas' grid operator, the Electric Reliability Council of Texas, is working with the Southwest Research Institute to demonstrate using EVs to counterbalance wind energy production in the state.
Austin Energy has made the smart decision to use only renewable energy from wind and solar to power its charging stations. This negates the argument that EVs merely transfer emissions from the tailpipe to the smokestack of a power plant. The city of Austin now has nearly 1,000 EVs, according to the Austin American Statesman.
Texas is also under consideration as a location for Tesla Motors' proposed Gigafactory, which could produce batteries for hundreds of thousands of EVs. If that happens, we'll see even more gasless cars roaming between the oil & gas wells in Texas.

Friday, April 18, 2014

3D Printing of Replacement Body Parts

The Singularity Nears as CNN reports on 3-D printing the human body:
The birth of 3-D scanning technologies combined with organic inks and thermoplastics has enabled the "bioprinting" of a range of human body parts to accommodate a wide range of medical conditions.

Thursday, April 17, 2014

Thursday's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website. Markets will take a three- or four-day holiday for Easter.

Note: a bucket shop is an unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Today's stock trading has been divorced from its connection to true valuation of securities and is equivalent to a bucket shop operation.

Stock Market Performance Table

Earth-Sized Planet Found in Habitable Zone of a Star 490 Light-Years Away (Video)

Wednesday, April 16, 2014

Wednesday's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website. Thursday is the last trading day of the week this week.

Note: a bucket shop is an unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Today's stock trading has been divorced from its connection to true valuation of securities and is equivalent to a bucket shop operation.

Stock Market Performance Table

Big Oil's Sinking Fortunes

Big Oil is under attack. Environmentalists point to the fact that the oil in the ground, if extracted and burned, would push Earth's temperatures well above the 2°C limit the IPCC says is safe. Even if this oil were allowed to be extracted, the cost of that extraction is rising, while oil prices remain flat. The EIA (a government unit) says in This Week in Petroleum:
Although oil prices remained relatively flat in 2012 and 2013, rising costs contributed to a decline in cash flow from operations. Nonetheless, cash spent on investing activities, which tends to lag changes in cash flow, increased slightly in 2013 as companies increased debt to maintain investment, taking advantage of interest rates that have been low since 2009. Companies have increased debt every year since 2006, with long-term debt increasing 9% and 11% in 2012 and 2013, respectively.
At the rate things are going, Big Oil isn't going to be able to afford to keep Congress members on their bribe payout list much longer.

Tuesday, April 15, 2014

Tuesday's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website. Stocks got a break from bond yields today.

Note: a bucket shop is an unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Today's stock trading has been divorced from its connection to true valuation of securities and is equivalent to a bucket shop operation.

Stock Market Performance Table

Monday, April 14, 2014

Monday's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website.

Note: a bucket shop is an unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Today's stock trading has been divorced from its connection to true valuation of securities and is equivalent to a bucket shop operation.

Stock Market Performance Table

Sunday, April 13, 2014

Friday's Results In The Wall Street Bucket Shops

#SubscriberNotes #WeekendAnalysis have been updated on the website. Summing up the week: a rare treat for shorts. Next?

Note: a bucket shop is an unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Today's stock trading has been divorced from its connection to true valuation of securities and is equivalent to a bucket shop operation.

Stock Market Performance Table

Saturday, April 12, 2014

Friday's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website.

Note: a bucket shop is an unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Today's stock trading has been divorced from its connection to true valuation of securities and is equivalent to a bucket shop operation.

Stock Market Performance Table

Bubble, Bubble

The stock market bubble mania has ended and investors had better believe it. While Wall Street bankers have been telling everyone who would listen that bond rates will soar along with stock prices as the economy returns to its historically high-growth rate, the exact opposite is the case. Bond rates are tumbling, bond prices are soaring and the stock market mania has been popped by the Fed:

Thursday, April 10, 2014

Thursday's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website. Today's sell signals were hugely profitable!

Note: a bucket shop is an unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Today's stock trading has been divorced from its connection to true valuation of securities and is equivalent to a bucket shop operation.

Stock Market Performance Table

Rejuvenation: Turning Back The Clock On The Thymus

One of the goals of rejuvenation of aging bodies is making organs young again without surgery. The idea is to cause organs to turn back the clock. Researchers in Edinburgh have just announced success.

Living organ regenerated for first time describes how stem cells in the thymus gland were stimulated to start regrowing the organ. The thymus is an organ located near the heart which produces immune system cells. It is one reason why aging bodies become vulnerable to infection. By turning back the clock in the thymus, this important organ regained its youthful vitality.

The goal of researchers is to use this same technique in humans and for all the organs of the body. Once that goal is achieved, people will be able to have their bodies rejuvenated.

Wednesday, April 09, 2014

Wednesday's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website. Did you like our buy signals?

Note: a bucket shop is an unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Today's stock trading has been divorced from its connection to true valuation of securities and is equivalent to a bucket shop operation.

Stock Market Performance Table

Tuesday, April 08, 2014

Tuesday's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website. A new chapter begins this week, a lot like the last chapter!

Note: a bucket shop is an unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Today's stock trading has been divorced from its connection to true valuation of securities and is equivalent to a bucket shop operation.

Stock Market Performance Table

Years of Living Dangerously (Video)


Years of Living Dangerously Site

Monday, April 07, 2014

Monday's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website. What happens to equities now could last into May.

Note: a bucket shop is an unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Today's stock trading has been divorced from its connection to true valuation of securities and is equivalent to a bucket shop operation.

Stock Market Performance Table

Sunday, April 06, 2014

Reduce Your Risk of Death By 42%

It's not hard. Just eat seven or more fruits and vegetables every day.

A University College of London study reports that eating a wide variety of fruits and vegetables can have a significant effect in lowering your risk of death.

Researchers used the Health Survey for England to study the eating habits of 65,226 people representative of the English population between 2001 and 2013, and found that the more fruit and vegetables they ate, the less likely they were to die at any age. Eating seven or more portions reduces the specific risks of death by cancer and heart disease by 25% and 31% respectively. The research also showed that vegetables have significantly higher health benefits than fruit.

This is the first study to link fruit and vegetable consumption with all-cause, cancer and heart disease deaths in a nationally-representative population, the first to quantify health benefits per-portion, and the first to identify the types of fruit and vegetable with the most benefit.

Compared to eating less than one portion of fruit and vegetables, the risk of death by any cause is reduced by 14% by eating one to three portions, 29% for three to five portions, 36% for five to seven portions and 42% for seven or more. These figures are adjusted for sex, age, cigarette smoking, social class, Body Mass Index, education, physical activity and alcohol intake, and exclude deaths within a year of the food survey.

The study, published in the Journal of Epidemiology & Community Health, found that vegetables had the strongest protective effect, with each daily portion reducing overall risk of death by 16%. Salad contributed to a 13% risk reduction per portion, and each portion of fresh fruit was associated with a smaller but still significant 4% reduction.

“We all know that eating fruit and vegetables is healthy, but the size of the effect is staggering,” says Dr Oyinlola Oyebode of UCL’s Department of Epidemiology & Public Health, lead author of the study. “The clear message here is that the more fruit and vegetables you eat, the less likely you are to die at any age. Vegetables have a larger effect than fruit, but fruit still makes a real difference. If you’re happy to snack on carrots or other vegetables, then that is a great choice but if you fancy something sweeter, a banana or any fruit will also do you good.”

Whatever your starting point, it is always worth eating more fruit and vegetables. In our study even those eating one to three portions had a significantly lower risk than those eating less than one.

—Dr Oyinlola Oyebode

The findings lend support to the Australian government’s ‘Go for 2 + 5’ guidelines, which recommend eating two portions of fruit and five of vegetables. The UK Department of Health recommends ‘5 a day’, while ‘Fruit and Veggies – More Matters’ is the key message in the USA.

“Our study shows that people following Australia’s ‘Go for 2 + 5’ advice will reap huge health benefits,” says Dr Oyebode. “However, people shouldn’t feel daunted by a big target like seven. Whatever your starting point, it is always worth eating more fruit and vegetables. In our study even those eating one to three portions had a significantly lower risk than those eating less than one.”

The researchers found no evidence of significant benefit from fruit juice, and canned and frozen fruit appeared to increase risk of death by 17% per portion. The survey did not distinguish between canned and frozen fruit so this finding is difficult to interpret. Canned fruit products are almost four times more popular than frozen fruit in Europe, so it is likely that canned fruit dominated this effect.

“Most canned fruit contains high sugar levels and cheaper varieties are packed in syrup rather than fruit juice,” explains Dr Oyebode. “The negative health impacts of the sugar may well outweigh any benefits. Another possibility is that there are confounding factors that we could not control for, such as poor access to fresh groceries among people who have pre-existing health conditions, hectic lifestyles or who live in deprived areas.”

Friday's Results In The Wall Street Bucket Shops

#SubscriberNotes #WeekendAnalysis PDF have been updated on the website. It's a bear market in NASDAQ.

Note: a bucket shop is an unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Today's stock trading has been divorced from its connection to true valuation of securities and is equivalent to a bucket shop operation.

Stock Market Performance Table

Saturday, April 05, 2014

Paul Craig Roberts: Another Fraudulent Jobs Report

By Paul Craig Roberts

The March payroll jobs report released April 4 claims 192,000 new private sector jobs.
Here is what John Williams has to say about the claim:

“The Bureau of Labor Statistics (BLS) deliberately publishes its seasonally-adjusted historical payroll-employment and household-survey (unemployment) data so that the numbers are neither consistent nor comparable with current headline reporting. The upside revisions to the January and February monthly jobs gains, and the relatively strong March payroll showing, reflected nothing more than concealed, favorable shifts in underlying seasonal factors, hidden by the lack of consistent BLS reporting. In like manner, consistent month-to-month changes in the unemployment rate or labor force simply are not knowable, because the BLS cloaks the consistent and comparable numbers.”

Here is what Dave Kranzler has to say: “the employment report is probably the most deceptively fraudulent report produced by the Government.”

As I have pointed out for a decade, the “New Economy” jobs that we were promised in exchange for our manufacturing jobs and tradable professional service jobs that were offshored have never shown up. The transnational corporations and their hired shills among economists lied to us. Not even a jobs report as deceptive and fraudulent as the BLS payroll jobs report can hide the fact that Congress, the White House, and the American people have sat sucking their thumbs while corporations maximized profits for the one percent at the expense of everyone else in the United States.

Let’s look at where the alleged jobs are. The BLS jobs report says that 28,400 jobs were created in March in wholesale and retail sales. March is the month that Macy’s, Sears, JC Penny, Staples, Radio Shack, Office Depot, and other retailers announced combined closings of several thousand stores, but more retail clerks were hired.

The BLS payroll jobs report claims 57,000 jobs in “professional and business services.” Are these jobs for lawyers, accountants, architects, engineers, and managers? No. The combined new jobs for these middle class professional skills totaled 10,400. Employment services accounted for 42,000 of the jobs in “professional and business services” of which temporary help accounted for 28,500.

“Education and health services” accounted for 34,000 jobs or which ambulatory and home health care services accounted for 28,000 of the jobs.

The other old standby, waitresses and bartenders, accounted for 30,400 jobs. The number of Americans dependent on food stamps who cannot afford to go out to eat or to purchase a six-pack of beer has almost doubled, but the demand for restaurant meals and bar drinks keeps rising.

There you have it. This is America’s “New Economy.” It the jobs exist at all, they consist of lowly paid, largely part-time employment that fails to produce enough income to prevent the food stamp rolls from doubling.

Without growth in consumer income, there is no growth in aggregate consumer demand. Offshoring jobs also offshores the income associated with the jobs, resulting in the decline in the domestic consumer market. The US transnational corporations, pursuing profits in the short-run, are destroying their long-run consumer base. The transnational corporations are also destroying the outlook for US universities, as it makes no sense to incur large student loan debt when job prospects are poor. The corporations are also destroying US leadership in innovation as US corporations increasingly become marketeers of foreign-made goods and services.

As I predicted in 2004, the US will have a third world work force in 20 years.

The unemployment figures are as deceptive as the employment figures. The headline
unemployment rate of 6.7% does not include discouraged workers. When discouraged
workers are included among the unemployed, the US rate of unemployment is 3.4 times higher than the announced rate.

How many times has John Williams written his report? How many times have I written this article? Yet the government continues to issue false reports, and the presstitute financial media continues to ask no questions.

The US, once a land of opportunity, has been transformed into an aristocratic economy in which income and wealth are concentrated at the very top. The highly skewed concentration at the top is the result of jobs offshoring, which transformed Americans’ salaries and wages into bonuses for executives and capital gains for owners, and financial deregulation, which produced financial collapse and the Federal Reserve’s bailout of “banks too big too fail.” The trillions of dollars of new money created by the Federal Reserve has produced massive inflation of stock prices, making owners even richer.

Sooner or later the dollar’s value will suffer as a result of the massive creation of new dollars. When that occurs, the import-dependent American population will suffer a traumatic drop in living standards. The main cost of the bank bailout has yet to hit.

As I write I cannot think of one thing in the entire areas of foreign and domestic policy that the US government has told the truth about in the 21st century. Just as Saddam Hussein had no weapons of mass destruction, Iran has no nukes, Assad did not use chemical weapons, and Putin did not invade and annex Crimea, the jobs numbers are fraudulent, the unemployment rate is deceptive, the inflation measures are understated, and the GDP growth rate is overstated. Americans live in a matrix of total lies.

What can Americans do? Elections are pointless. Presidents, Senators, and US Representatives represent the interest groups that provide their campaign funds, not the voters. In two decisions, the Republican Supreme Court has made it legal for corporations to purchase the government. Those who own the government will decide what it does, not those who vote.

All Americans can do is to accept the serfdom imposed on them or take to the streets and stay in the streets despite being clubbed, tasered, arrested, and shot by the police, who protect the power structure, not the public.

In America, nothing is done for the public. But everything is done to the public.

Reblogged from http://www.paulcraigroberts.org/2014/04/05/another-fraudulent-jobs-report-paul-craig-roberts/

Thursday, April 03, 2014

Thursday's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website. Employment Report Friday morning could spark fireworks.

Note: a bucket shop is an unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Today's stock trading has been divorced from its connection to true valuation of securities and is equivalent to a bucket shop operation.

Stock Market Performance Table

Wednesday, April 02, 2014

Wednesday's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website. Over or half-over? Probably the latter.

Note: a bucket shop is an unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Today's stock trading has been divorced from its connection to true valuation of securities and is equivalent to a bucket shop operation.

Stock Market Performance Table

To Be Human Is To Be Transhuman

Humans are, by definition, transhuman. We ceaselessly invent and reinvent what it means to be human. We circumvent biological evolution with technology.

Fossil Fuel Fails

We just got a call from the Environmental Defense Fund. We told them straight out that the fossil fuel interests are failing. They are failing not in the halls of government, where they own the regulators. They are failing in the market, where they are losing money at an enormous rate.

Then, we saw the latest blog from Damn The Matrix, an excellent blog from Mike Stasse out of Australia. The rout has begun ... and continues:

Following Shell's February decision to sell its Australian refinery as well as 870 petrol stations to Vitol for $2.9 billion, BP is now following suit, shutting down its Bulwer Island refinery in Brisbane with the loss of hundreds of jobs.
Andy Holmes, president of BP Australasia, told a press conference in Melbourne that "the refinery was being closed because the emergence of major export-based refineries in Asia operating on a lower cost base had "transformed the industry". What, not Peak Oil?
Mr Holmes said he did not believe that today's decision would affect Australia's energy security. After all, the refinery only processes 101,000 barrels of oil per day, according to the BP website. and what's 12% of Australia's consumption got to do with reality?
According to BP, the sale was part of a global move away from "downstream operations". It also sold refineries in the United Kingdom and Europe. I wrote just last month, 2014 was the year many pundits forecast would be the beginning of the long decline from civilisation. and the rout is on. Australian Workers Union Queensland secretary Ben Swan says the decision has come as a "horrible shock" to workers. REALLY?? It's no shock to me. what's wrong with these people? They should really start reading my blog to get proper information!
Wayne Swan (remember him?) apparently said "there is no "adequate" explanation for why the plant is suddenly non-viable, as the company says." I think I better send Wayne a copy of this post ...
We don't have to fight the fossil fuel industry. They are losing due to simple economics. And, you ain't seen nuthin' yet, folks!

Tuesday, April 01, 2014

Tuesday's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website. April brings buyers into equities, but a turn is coming.

Note: a bucket shop is an unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Today's stock trading has been divorced from its connection to true valuation of securities and is equivalent to a bucket shop operation.

Stock Market Performance Table

Monday, March 31, 2014

Monday's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website.

Note: a bucket shop is an unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Today's stock trading has been divorced from its connection to true valuation of securities and is equivalent to a bucket shop operation.

Stock Market Performance Table

A Whale of a Victory Over Japan


In a stunning victory for the whales, the International Court of Justice (ICJ) in The Hague announced their binding decision today in the landmark case of Australia v. Japan, ruling that Japan’s JARPA II whaling program in the Antarctic is not for scientific purposes and ordering that all permits given under JARPA II be revoked.

Sea Shepherd applauds the World Court for protecting the whales of the Southern Ocean Whale Sanctuary!

Read more...

Are Bank Stocks Sending an SOS Signal?

By Elliott Wave International

If you turn on CNBC first thing in the morning, you hear a lot about market indicators. Consumer behavior, GDP numbers, the Fed, interviews with CEOs -- it's all in the mix.

Instead, Steve Hochberg of Elliott Wave International looks at important indicators that mainstream finance often overlooks.

For example, consider this insight from the latest, March issue of Steve's Financial Forecast.

This chart shows you that banks have dramatically underperformed the broad market since the Great Credit Crisis began. The top line is the KBW Bank Index. The bottom line is the ratio between the Bank Index and the S&P 500. Notice how the decline in the ratio came before the February 2007 reversal in the Bank Index. And the Bank Index reversal itself anticipated the October 2007 reversal in the broad stock market.

Most importantly, this chart shows you that

"...the Bank Index's underperformance is even more pronounced now than it was in 2007. While the S&P moved to a new all-time high, the bank index has managed to retrace only 51% of its 2007-2009 decline!"

The bottom line is: Relative to the S&P, bank stocks made a high four years ago. So the question is, are the financials once again a leading signal of an impending credit contraction?

Discover the answer for yourself in Elliott Wave International's new special report, "The Financial Forecast "Nuggets" Report." You can get it -- FREE -- right now. See below for full details.


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Rigging the Stock Market

The “Flash Boys” continue to rig the stock market. Today, they are poised to push stock prices to the sky. The only problem with this is that stocks are in nosebleed valuation territory. Someday, they are going to find that falling earnings will cause the biggest crash in history. Only then will the bribed regulators act to clean up this scum.

Sunday, March 30, 2014

Ron Paul: Aid to Ukraine Is a Bad Deal For All

By Ron Paul

Last week Congress overwhelmingly passed a bill approving a billion dollars in aid to Ukraine and more sanctions on Russia. The bill will likely receive the president’s signature within days. If you think this is the last time US citizens will have their money sent to Ukraine, you should think again. This is only the beginning.

This $1 billion for Ukraine is a rip-off for the America taxpayer, but it is also a bad deal for Ukrainians. Not a single needy Ukrainian will see a penny of this money, as it will be used to bail out international banks who hold Ukrainian government debt. According to the terms of the International Monetary Fund (IMF)-designed plan for Ukraine, life is about to get much more difficult for average Ukrainians. The government will freeze some wage increases, significantly raise taxes, and increase energy prices by a considerable margin.

But the bankers will get paid and the IMF will get control over the Ukrainian economy.

The bill also authorizes more US taxpayer money for government-funded “democracy promotion” NGOs, and more money to broadcast US government propaganda into Ukraine via Radio Free Europe and Voice of America. It also includes some saber-rattling, directing the US Secretary of State to “provide enhanced security cooperation with Central and Eastern European NATO member states.”

The US has been “promoting democracy” in Ukraine for more than ten years now, but it doesn’t seem to have done much good. Recently a democratically-elected government was overthrown by violent protestors. That is the opposite of democracy, where governments are changed by free and fair elections. What is shocking is that the US government and its NGOs were on the side of the protestors! If we really cared about democracy we would not have taken either side, as it is none of our business.

Washington does not want to talk about its own actions that led to the coup, instead focusing on attacking the Russian reaction to US-instigated unrest next door to them. So the new bill passed by Congress will expand sanctions against Russia for its role in backing a referendum in Crimea, where most of the population voted to join Russia. The US, which has participated in the forced change of borders in Serbia and elsewhere, suddenly declares that international borders cannot be challenged in Ukraine.

Those of us who are less than gung-ho about sanctions, manipulating elections, and sending our troops overseas are criticized as somehow being unpatriotic. It happened before when so many of us were opposed to the Iraq war, the US attack on Libya, and elsewhere. And it is happening again to those of us not eager to get in another cold -- or hot -- war with Russia over a small peninsula that means absolutely nothing to the US or its security.

I would argue that real patriotism is defending this country and making sure that our freedoms are not undermined here. Unfortunately, while so many are focused on freedoms in Crimea and Ukraine, the US Congress is set to pass an NSA “reform” bill that will force private companies to retain our personal data and make it even easier for the NSA to spy on the rest of us. We need to refocus our priorities toward promoting liberty in the United States!

This article originally appeared in the Ron Paul Institute for Peace and Prosperity.

Friday's Results In The Wall Street Bucket Shops

#SubscriberNotes #WeekendAnalysis have been updated on the website. Where in the world is a new equity uptrend? Look Down Under.

Stock Market Performance Table

Mars Opposition April 8th



Mars Opposition April 2014 (Science.NASA.gov).

Saturday, March 29, 2014

The Stock Market is Rigged

This shouldn't come as news to anyone who has any knowledge of Wall Street, but yes, indeed, the stock market is rigged.

CBS News reports:

The U.S. stock market is rigged in favor of high-frequency traders, stock exchanges and large Wall Street banks who have found a way to use computer-based speed trading to gain a decisive edge over everyone else, from the smallest retail investors to the biggest hedge funds, says Michael Lewis in a new blockbuster book, "Flash Boys."
High-frequency traders have found ways to use their speed to gain an advantage that few understand, says Lewis. "They're able to identify your desire to buy shares in Microsoft and buy them in front of you and sell them back to you at a higher price," says Lewis. "The speed advantage that the faster traders have is milliseconds...fractions of milliseconds."
This will be the subject of a segment of Sixty Minutes on Sunday, March 30 at 7 p.m. ET/PT.

Thursday, March 27, 2014

Thursday's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website.

Note: a bucket shop is an unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Today's stock trading has been divorced from its connection to true valuation of securities and is equivalent to a bucket shop operation.

Stock Market Performance Table

Solar Plus Storage As Disruptive As the Internet

Former Energy Department head Steven Chu says that the adoption of solar plus storage will be as disruptive as the internet. Chu explained that as the cost of photovoltaic modules plummeted and battery prices also fell, it was possible to envisage a situation in 5 to 10 years where homeowners could be 80% self-sufficient and off-grid with a $10,000 to $12,000 solar-plus-battery system.

This is, of course, exactly the kind of future that's coming soon. The electric utilities are fighting it like Bill Gates fought open source software, but the end result is likely to be same. Utilities are going to have to change their business model to account for captive customers freeing themselves.

According to Chu, utilities need to borrow money cheaply to install solar plus storage at customer locations. In return, the utilities would charge the customer a low fee for maintaining the system. Utilities would gain from not having to install power wires to entire neighborhoods, which is one of the most expensive portions of a grid-based system. The customer would gain from having the utility bear the cost of purchasing and maintaining the system. And, of course, the public would gain from the reduced greenhouse gas emissions which come from centralized command-and-control utility power systems.

If the utilities instead fight change, they will become non-competitive dinosaurs whose only hope is a government bailout.

Chu's address can viewed here:

Why Both Liberals and Libertarians Support Solar Energy

Strange bedfellows? Not if you understand where they're coming from.

Republicans in general support solar power because it provides a way to power independence for everyone. Democrats like it because it destroys the monopoly of utilities. Fight Over Rooftop Solar Forecasts a Bright Future points out:
Utility companies warn that the lost revenue from solar-powered costumers will necessitate price increases for people without solar panels, because the electric grid and other critical infrastructure must still be maintained...
If solar rooftop arrays became as ubiquitous in home design as chimneys, the U.S. grid could indeed cease to exist—an end to power lines, electrical substations and transformers atop equally archaic wooden utility poles. “Right now our electricity system is very much a command-and-control centralized system,” says David Crane, CEO of Princeton, N.J.–headquartered national energy company NRG, which is attempting to reinvent itself for the less centralized future Crane foresees. “In the future I see an at-home, disaggregated system, with the home like a brain, with supply and demand of electricity being generated in that home.”
The key to Crane’s vision of a decentralized system is the cost of a power producing system to the individual homeowner, and the price of solar power keeps dropping. As a result, solar proponents push for the switch for a variety of reasons that cut across political party lines. This war over solar has pitted Republican against Republican, and formed new alliances between libertarians and liberals.

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Wednesday, March 26, 2014

Wednesday's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website.

Note: a bucket shop is an unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Today's stock trading has been divorced from its connection to true valuation of securities and is equivalent to a bucket shop operation.

Stock Market Performance Table

The Singularity Is Near (Animation)

Tuesday, March 25, 2014

Tuesday's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website.

Note: a bucket shop is an unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Today's stock trading has been divorced from its connection to true valuation of securities and is equivalent to a bucket shop operation.

Stock Market Performance Table

Monday, March 24, 2014

Monday's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website. Was today's selloff just hedging with puts?

Note: a bucket shop is an unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Today's stock trading has been divorced from its connection to true valuation of securities and is equivalent to a bucket shop operation.

Stock Market Performance Table

Sunday, March 23, 2014

Friday's Results In The Wall Street Bucket Shops

#SubscriberNotes #WeekendAnalysis have been updated on the website. After a key reversal on Friday, is there gas left in the tank?

Note: a bucket shop is an unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Today's stock trading has been divorced from its connection to true valuation of securities and is equivalent to a bucket shop operation.

Stock Market Performance Table

Wednesday, March 19, 2014

Wednesday's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website. The Zombie Apocalypse has finally arrived.

Note: a bucket shop is an unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Today's stock trading has been divorced from its connection to true valuation of securities and is equivalent to a bucket shop operation.

Stock Market Performance Table

Tuesday, March 18, 2014

Tuesday's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website. If bond traders are smarter than stock traders, where is the money going?

Note: a bucket shop is an unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Today's stock trading has been divorced from its connection to true valuation of securities and is equivalent to a bucket shop operation.

Stock Market Performance Table

Live Long Enough To Live Forever (Video)

Ray Kurzweil, inventor and Director of Engineering at Google, explains:

Monday, March 17, 2014

Monday's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website. Bear market rallies are strong!

Note: a bucket shop is an unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Today's stock trading has been divorced from its connection to true valuation of securities and is equivalent to a bucket shop operation.

Stock Market Performance Table

Sunday, March 16, 2014

Yellen Defends the Fed

Janet Yellen, the new Fed head, defends our biggest bubble-blower in this video: On bubbles, bailouts and interest rate policy.

The Fed may be its own worst enemy. Here's what John Hussman has to say:
What the Fed has done instead is to completely lose control of the growth of monetary aggregates, in an effort to offset short-run, cyclical fluctuations in the economy, so as to promote maximum speculative activity and repeated bouts of resource misallocation, and ultimately damage the economy's long-run potential to increase production and promote employment.
In the face of our concerns about long-run consequences, some might immediately appeal to Keynes, who trivialized prudence and restraint, saying "In the long run, we are all dead." But we are not talking about decades. The insults to the U.S. economy, to U.S. labor force participation, and to the long-term unemployed are the largely predictable result of policies that have been pursued in the past decade alone.
Clearly, what we have is a well-meaning institution that has turned out to be more effective than any terroristic organization in destroying the American economy via resource misallocation, destroying jobs and attenuating the economy's long-run potential for production. According to Yellen, the Fed wishes to continue their mistaken and dangerous policies until the Schumer hits the fan.

Time to fasten your seat belts, because Chief Pilot Yellen is running the airliner straight into the ground. Maybe the Fed can be reformed, but we just aren't going to see it until the economy hits bottom... just like an alky has to hit bottom before recovery is possible. Does that mean a depression is necessary? Yes, and it could bring about a world war as well.

Friday's Results In The Wall Street Bucket Shops

#SubscriberNotes and the #WeekendAnalysis PDF have been updated on the website. Has the bubble burst in stocks?

Note: a bucket shop is an unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Today's stock trading has been divorced from its connection to true valuation of securities and is equivalent to a bucket shop operation.

Stock Market Performance Table

Saturday, March 15, 2014

It's Time To Tax Carbon

Bernie Sanders says,
What we're trying to do is to make the American people aware that the debate about climate change really is over, that the scientific community is virtually unanimous in agreeing that climate change is real, that it is caused by human activity, that it is already causing devastating problems in the United States and around the world," Bernie told MSNBC's Ronan Farrow. In the Senate speech, Bernie also discussed the climate change bill that he and Sen. Barbara Boxer have introduced. It's been called the "gold standard" of climate legislation.

Thursday, March 13, 2014

Thursday's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website.

Note: a bucket shop is an unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Today's stock trading has been divorced from its connection to true valuation of securities and is equivalent to a bucket shop operation.

Stock Market Performance Table

The Stock Market is NOT the Economy

In this era of bubble stock markets, confusing the economy with the stock market is a big mistake many investors are making.

The three-year bear market in copper only serves to underscore this point. Copper reflects the real economy, which is actually in recession and falling. Consumer demand peaked in the mid-Naughties and has been falling at a rate of about 3% per year, according to the Consumer Metrics Institute.

But, why has the economy been mired in recession while the stock market has been “growing to the sky?”

The answer comes from the Fed's insistence on keeping interest rates as close to zero as possible. Companies have been borrowing at zero percent and using that money to buy back their shares. When shares are bought back it artificially increases earnings per share and makes it appear that the company is “growing earnings.” In reality, companies are pulling the wool over investors' eyes. Moreover, they are not investing in plant, equipment and labor to organically grow their businesses. By using debt as a lever to raise their stock price, they are doing the opposite of what a healthy company should be doing.

Investors have been fooling themselves to believe that earnings can be grown out of nothing. It's all a plot on the part of the Wizards of Oz (the Fed Governors) to inflate stock prices. When the curtain is removed, these companies will be seen for what they are: inflated bubbles which must collapse once interest rates rise.

Wednesday, March 12, 2014

Wednesday's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website.

Note: a bucket shop is an unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Today's stock trading has been divorced from its connection to true valuation of securities and is equivalent to a bucket shop operation.

Stock Market Performance Table

When earnings are not real. Financial engineering at its worst.

Tuesday, March 11, 2014

Tuesday's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website.

Note: a bucket shop is an unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Today's stock trading has been divorced from its connection to true valuation of securities and is equivalent to a bucket shop operation.

Stock Market Performance Table

Monday, March 10, 2014

Monday's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website.

Note: a bucket shop is an unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Today's stock trading has been divorced from its connection to true valuation of securities and is equivalent to a bucket shop operation.

Stock Market Performance Table

Sunday, March 09, 2014

Friday's Results In The Wall Street Bucket Shops

#SubscriberNotes #Weekend Analysis have been updated on the website. Who is buying the R2K?

Note: a bucket shop is an unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Today's stock trading has been divorced from its connection to true valuation of securities and is equivalent to a bucket shop operation.

Stock Market Performance Table

Thursday, March 06, 2014

Thursday's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website. Next week brings an important turning point.

Note: a bucket shop is an unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Today's stock trading has been divorced from its connection to true valuation of securities and is equivalent to a bucket shop operation.

Stock Market Performance Table

Wednesday, March 05, 2014

Wednesday's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website.

Note: a bucket shop is an unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Today's stock trading has been divorced from its connection to true valuation of securities and is equivalent to a bucket shop operation.

Stock Market Performance Table

Tuesday, March 04, 2014

Tuesday's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website. Putin says pop and the market pops!

Note: a bucket shop is an unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Today's stock trading has been divorced from its connection to true valuation of securities and is equivalent to a bucket shop operation.

Stock Market Performance Table

Monday, March 03, 2014

Monday's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website.

Note: a bucket shop is an unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Today's stock trading has been divorced from its connection to true valuation of securities and is equivalent to a bucket shop operation.

Stock Market Performance Table

Bill Maher: Income Inequality in America (Video)

Ron Paul: Hagel's 'Defense Cuts' Are Smoke And Mirrors

By Ron Paul

Last week Defense Secretary Chuck Hagel proposed an additional 40,000 reduction in active duty US Army personnel, down to 450,000 soldiers. As US troops are being withdrawn from the recent wars in Afghanistan and Iraq, it might make sense to reduce not only the active duty military but the entire military budget. However, from the interventionists’ reaction to Hagel’s announcement you might think President Obama announced he was shutting down the Pentagon!

Rep. Michael McCaul, Chairman of the House Homeland Security Committee, claimed that this slight reduction in personnel would hurt our military readiness. He blamed the exploding spending on welfare entitlements for the proposed military cuts, stating, "It's all being sacrificed ... on the altar of entitlements. This president cannot take on mandatory spending, so all we've done in the Congress -- and this president -- is basically cut discretionary spending."

McCaul is partly right. Welfare spending is bankrupting the country. But military spending is also welfare: it is welfare for the well-connected military-industrial complex, which enriches itself manufacturing useless boondoggles like the F-35 fighter. We should never confuse legitimate defense spending – which I support – with military spending, which promotes interventionism overseas and actually undermines our national security.

Neoconservative Senators Lindsey Graham and John McCain were also quick to criticize Hagel’s announcement. They said the cuts were dead on arrival in the US Senate. "We are going to kill it, not let it happen,” said Graham. McCain added, "We live in an ever-increasingly dangerous world and this budget is out of touch with reality.”

What McCain and Graham won’t admit is that much of the reason we are in an increasingly-dangerous world is that the neocons keep inviting blowback with the interventions they are constantly pushing. If we minded our own business we would live in a far less dangerous world.

Nevertheless, although the neocons make a big deal about this small cut in military personnel, in reality these are not military cuts at all. These are token proposed cuts in troop levels which Congress won’t allow the administration to do anyway. What Hagel proposes is not cuts, but instead a shift in spending away from personnel and toward new high-tech weapons which are favored by and profitable to the military-industrial complex.

The F-35, for example, will continue in production according to Hagel’s plan, despite the numerous cost over-runs and design flaws. This is likely because the F-35 is built in 46 US states and nine foreign countries! That makes it particularly popular in Congress, regardless of its flaws and expense.

We do need real cuts in military spending, not just moving spending around from troops to new weapons systems. But what we really need is for the president to downsize US foreign policy. Maintaining a military presence in 140 countries while continuing to stir up trouble can lead to problems when the military is downsized. So, it's our intervention that needs downsizing.

A proper foreign policy would mean a strong national defense, but a huge reduction in interventions and commitments overseas. Why are we stirring up trouble in Ukraine? In Syria? In Africa? Why are we defending South Korea and Japan when they are wealthy enough to defend themselves? A proper sized foreign policy would defend the United States instead of provoking the rest of the world.

This article originally appeared at The Ron Paul Institute for Peace and Prosperity

Sunday, March 02, 2014

Friday's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website.

Note: a bucket shop is an unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Today's stock trading has been divorced from its connection to true valuation of securities and is equivalent to a bucket shop operation.

Stock Market Performance Table

Friday, February 28, 2014

Are We Now In Another Great Recession?

The government reported that the economy grow at a 2.37% rate in the last quarter of 2013, down from a more robust reading of 4.19% in the 3rd quarter. But, if the government is performing as they do in the early quarters of a recession, they could be overestimating growth by 3.3%, which they did in the first quarter of the Great Recession (GFC).

The Consumer Metrics Institute reports that the government usually gets GDP wrong at the beginning of economic downturns because instead of measuring the real economy, they tend to measure models of what they think the economy is doing instead. This is clearly why they miss so often at the beginning of recessions. Here's what they say:

Given the BEA's "real-time" track record, it is possible that the US economy is currently in a state of flux — with the weakening hinted at in this report both more pervasive and dynamic than the BEA currently understands. Unfortunately if that is true, the official GDP numbers will be among the last places to watch a downside event unfold.

If you're getting your news from the government, well, you just aren't getting what you paid for.

Mike Stasse: The Great Unraveling Has Begun

Reblogged from Mike Stasse's Damn the Matrix:
I have been warning of the Great Unravelling for years now. It is becoming increasingly difficult to shrug off feelings it has begun. Exactly what is causing me to feel this way today is hard to pinpoint. I have thought for a long time that some event would trigger it, an event like 9/11, or the GFC collapse in 2008, but still the Matrix defies all the odds. Today, however, too many ducks are lining up on the wall.
2014 was the year many pundits forecast would be the beginning of the long decline from civilisation. It's barely two months old today, and so far this year we have had confirmation that all car manufacturing will end in Australia, that Shell has sold its entire interests (except for aviation interestingly) in this country, and that QANTAS and Virgin Australia are unprofitable, QANTAS announcing it would cut 5000 jobs to save money After seeing Steven Kopits' presentation on what's happening in the oil industry, surely even blind Freddy can see where this is all going now. You even have to ask why Vitol bought Shell out?
It appears that all the oil majors are in such unprofitable positions due to Peak Oil, that they are all selling assets to prop up their bottom lines. And just to add a few more roadblocks, even American Independent producers will spend $1.50 drilling this year for every dollar they get back. Shale output drops faster than production from conventional methods, and it will take 2,500 new wells a year just to sustain output of 1 million barrels a day in North Dakota's Bakken shale, according to the International Energy Agency. Iraq could do the same with 60.
Steven Kopits' announcing that Shell had to borrow money to pay its shareholders' dividends really did it for me. As if the global debt situation wasn't bad enough.. This is like a dog chasing its tail, only worse; it's begun eating its own arse to stay alive. How long this state of affairs can go on for is hard to fathom. The fact that it can't is a certainty, however.
Then we have Chris Martenson, among many, saying that the stock market's fundamentals are crumbling in both the short-term & long. I've seen Alan Kohler say basically the same thing on ABC TV recently..
The Ukraine has joined the increasingly long list of failed states with a huge and rapidly growing foreign debt, placing the country under constant threat of default. Its foreign exchange reserves are nearly depleted. Ukraine has a large negative trade balance and is desperately short on outside investment and private savings. Russia is the only country willing to extend financial assistance in exchange for Ukraine's nearly worthless junk bonds.
And then we have the Climate. the numbers of record disasters happening globally defy listing. From droughts in both hemispheres simultaneously, to record high and low temperature events again simultaneously occurring in the USA while the UK gets a pounding with three (more?) one in a hundred years storms in less than a month Even here in Cooran, we have now officially had the driest February on record. By this time last year, we'd been flooded out twice and received 1200mm of rain in two months. So far this year, we've had 59mm, 9 of those this month. Whilst I normally have to mow twice a week at this time of year, I haven't done so since before we went to Tasmania more than six weeks ago. Check out this world map of extreme weather events in just January. the whole planet is peppered with them!
So there you have it. 2014 will be an interesting year indeed. What will it take for the authorities to wake up and admit everything they are doing is simply not working? And how long before another large stock market correction visits us again..? Only time will tell, but hang onto your seat, we're in for an exhilarating ride!

Thursday, February 27, 2014

Today's Results In The Wall Street Bucket Shops

Note: a bucket shop is an unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Today's stock trading has been divorced from its connection to true valuation of securities and is equivalent to a bucket shop operation.

Elon Musk's Gigaboner

Tesla Motors has announced that, along with partners, it will spend $5 Billion to build a gigafactory to produce Lithium-ion batteries. Everybody thinks this is a great idea, but we know that this is the biggest financial mistake in Musk's career.

Why? We will be detailing that after Musk fleshes out the details.

By the way, just as the rich get richer, Tesla will be using Other People's Money (OPM) to build the factory. Obviously.

Wednesday, February 26, 2014

Wednesday's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website.

Note: a bucket shop is an unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Today's stock trading has been divorced from its connection to true valuation of securities and is equivalent to a bucket shop operation.

Stock Market Performance Table

Tuesday, February 25, 2014

Tuesday's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website.

Note: a bucket shop is an unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Today's stock trading has been divorced from its connection to true valuation of securities and is equivalent to a bucket shop operation.

Stock Market Performance Table

Austinites: Ped X-ing

In Nazi Austin, the cops will arrest and handcuff you if you jaywalk.

Monday, February 24, 2014

Monday's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website.

Note: a bucket shop is an unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Today's stock trading has been divorced from its connection to true valuation of securities and is equivalent to a bucket shop operation.

Stock Market Performance Table

New Inflation Index Refutes Government CPI Numbers

The Dent Inflation Index was introduced earlier today by Dent Research, a leading economic forecasting and investment research firm. This key economic measurement strips away questionable components and breaks down the data to provide a more realistic indication of inflation among different age groups in the United States.

According to the Bureau of Labor Statistics (BLS), the Consumer Price Index for all Urban Consumers (CPI-U) — the most commonly used gauge of inflation — increased 0.1% for January 2014 and 1.56% during the previous 12 months. However, the Dent Inflation Index created by Rodney Johnson, co-founder of Dent Research, reveals that over time, inflation varies widely by age. This occurs because spending habits change dramatically as people get older. For example, younger people are more strongly affected by inflation in education, whereas older people are more severely impacted by inflation in medical costs.

In the recent numbers, the 25 to 34 age group has had the most significant divergence from the official BLS numbers. Over the last year, prices have risen only 1.06% or half of a percentage point lower than the official year-over-year number. While a half of a percent may not sound like a big number, it can represent billions of dollars in the consumer spending.

The specific rate of inflation over the past year for each age group was:
 *Age Group* *Inflation Rate*
  < 25  1.17%
  25-34 1.06%
  35-44 1.09%
  45-54 1.20%
  55-64 1.19%
  > 65  1.32%
In addition to using one simple statistic to indicate inflation for everyone, the BLS also includes housing as a large percentage of the CPI, even though this cost does not change during the year for most consumers. Shelter (i.e., mortgage and rental costs) constitutes 32% of the CPI-U, yet more than 60% of households own their home and therefore do not experience fluctuations in their "cost" of housing. As a result, most consumers tend to disregard these costs when calculating how their spending must change during the year. Therefore, the government's inflation measure is unfairly anchored to this relatively non-discretionary expense.

"In an environment where information is only as important as its accuracy, Dent Research peers past government data-massaging to show what is really happening," said Rodney Johnson. "That is why the Dent Inflation Index, Dent GDP Index and Dent Unemployment Index were developed."

Sunday, February 23, 2014

Friday's Results In The Wall Street Bucket Shops

#SubscriberNotes and #WeekendAnalysis PDF have been updated on the website. Great trading opportunities abound!

Note: a bucket shop is an unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Today's stock trading has been divorced from its connection to true valuation of securities and is equivalent to a bucket shop operation.

Stock Market Performance Table

Saturday, February 22, 2014

Big Oil Exxon CEO: Fracking is For the Little People

Big Oil tells us it's safe to frack. Pay no attention to all the earthquakes which are suddenly spreading like wildfire throughout the fracked areas, of course.

Apparently, fracking is only for the little people. Rex Tillerson—CEO of Exxon-Mobil—has joined a lawsuit to stop fracking in his own neighborhood.

When hypocrites like this are in charge—and by buying politicians, they are definitely in charge in this sham of a democracy—this is what we get: fracked!

Friday, February 21, 2014

Natural Gas: The Bridge To Nowhere

Some think natural gas is a bridge to cleaner fuels. But, they are delusional if they think that switching to natural gas will allieviate our fossil fuel problem. Only a real change to get rid of the burning of fossil fuels will solve our energy problem. Here's what will happen once industry transitions from coal to natural gas, as reported by the government:

From January 1 to February 18, the day-ahead wholesale (spot) natural gas price at the Algonquin Citygate hub serving Boston averaged $22.53 per million British thermal units (MMBtu), according to data from IntercontinentalExchange (ICE). This price is a record high for these dates since the ICE data series began in 2001, and 50% above the same period in 2013, when cold weather drove New England prices to their highest level since 2004.

The average bidweek (the last three trading days of the month for the prompt month contract) price for natural gas delivered at Algonquin in February 2014 also reached a record high of $33.79/MMBtu. These high winter prices in New England resulted from a combination of increased weather-driven demand for natural gas and constraints on the supply of gas to consumers there.

Average 2014 daily consumption of natural gas in New England through February 18 has risen by 4.7% over the same period in 2013, from 4.4 billion cubic feet per day (Bcf/d) to 4.6 Bcf/d. Higher demand has pushed up prices in both the spot and futures markets.

Two key supply-related factors have contributed to higher regional prices. First, deliveries of regassified liquefied natural gas (LNG) from Northeast terminals are down more than 30% so far in 2014 compared to the same period in 2013. Second, major pipelines transporting natural gas into New England have been congested. An expansion of the pipeline system could ease pipeline constraints, but the cost-effectiveness of pipeline expansion projects (including their ultimate costs to consumers) remains a challenge.

The U.S. Energy Information Administration recently released a report on possible alternatives to pipeline expansions into New England as part of a new natural gas web page that presents current issues and trends that affect natural gas markets.

Principal contributors: Mike Ford, Chris Peterson

Thursday, February 20, 2014

Thursday's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website. We noticed a key clue today and it's something that also preceded the 2007 top.

Note: a bucket shop is an unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Today's stock trading has been divorced from its connection to true valuation of securities and is equivalent to a bucket shop operation.

Stock Market Performance Table

Hawaii's Energy Solutions: Solar and Wind Are Replacing Fossil Fuels

A lesson about Hawaii's electrical energy solutions from the EIA:

As an island chain lacking fossil fuels, Hawaii must import nearly all of its energy, including relatively expensive petroleum that fuels more than 70% of its electricity generation. For the United States as a whole, oil fuels less than 1% of electricity generation. Because electricity generation costs in Hawaii are tied closely to petroleum prices, residential electricity rates are three times the national average. Hawaii's islands are not connected by transmission lines, so each island must have enough generating capacity to meet local demand and provide emergency reserves.

Faced with significant cost and reliability challenges, Hawaii's grid operators have turned to a combination of renewable sources (with lower costs than oil-fired generation), distributed generation, and energy efficiency programs that lower the overall demand for electricity in the state.

Source: U.S. Energy Information Administration, Electric Power Monthly

As recently as 2008, oil and coal accounted for more than 90% of Hawaii's annual electric generation. The petroleum share of electric generation has been declining, from a high of 81% in 2002 to 72% in 2013 (through November). Meanwhile, generation from renewable sources has climbed from a 4% share in 2002 to more than 12% in 2013. Generation from coal comes from a single 180-megawatt (MW) facility on Oahu and has been relatively steady at 13%-15% of total generation each year.

Total utility-scale electric generation has declined six years in a row from 2007 through 2012. This reduction is attributable to distributed generation and net metering policies that encourage electric generation from homes and businesses, mostly from solar photovoltaic installations, and increased energy efficiency measures.

Hawaii has produced renewable electricity from biomass, geothermal, and run-of-river hydroelectric sources for many years, although recent wind and solar capacity additions have resulted in large increases in renewable electricity production. In 2012, wind accounted for 36% of total utility-scale renewable generation in Hawaii, a contribution that rose to 42% in 2013 (through November). This increase followed the completion of three large wind projects in mid- to late-2012 (Kaheawa Phase II-21 MW, Kawailoa Wind-69 MW, and Auwahi Wind-21 MW). Utility-scale solar generation has increased more than fivefold from full-year 2012 to 2013 but still accounts for less than 2% of utility-scale renewable generation in Hawaii. Utility-scale data understate total solar generation in Hawaii because totals do not include the much larger output from small-scale solar power installations.

Hawaii's installed renewable nameplate capacity in 2013 was just over 600 MW, more than triple the amount that existed in 2005. Nearly 57 MW of additional renewable capacity is currently under construction and slated to enter service in 2014, with many more projects planned for later years.

Source: U.S. Energy Information Administration and Ventyx
Note: * 2013 data are through November.

In 2008, the state began the Hawaii Clean Energy Initiative (HCEI) with the U.S. Department of Energy. The partnership's objective is for Hawaii to produce 70% of its electricity from clean energy by 2030 through a combination of increased renewable energy production (40% of total generation) and energy efficiency (30%, or a reduction in electricity demand of 4,300 GWh). In addition to electricity-generating technologies, other technologies such as solar water heating and sea-water district cooling systems can be used to meet the reduction targets. 

A study conducted in 2008-09 by Booz Allen Hamilton concluded that the 70% goal was achievable and that Hawaiians would save money if the average price of crude oil stayed above $65-$85 per barrel from 2008 through 2030.

Principal contributor: Timothy Shear