Vollständige Version anzeigen : Now this has to be scary.....not always

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01.05.2010, 20:50
.. hasta Junio

Zum Original-Beitrag (http://www.stock-channel.net/stock-board/showthread.php3?p=1308561#post1308561)

Reise gut !


03.05.2010, 00:22
Taibbi On Goldman: Part Deux

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 05/02/2010 13:06 -0500
The man who started it all, by boldly going where nobody else dared go before (with a few exceptions) and to singlehandedly rewrite the financial dictionary by introducing the concept of the bloodthirsty mollusc, by throwing out Goldman where it belongs, i.e, front and center, writes his follow-up narrative. What can we say: the man was right (http://www.rollingstone.com/politics/news/;kw=[3351,136554]?RS_show_page=2), to the chagrin of his numerous critics, and what's worse (or better), may have started an avalanche, which with the prodding of Senators like Ted Kaufman, could well destroy the Too Big To Fail concept once and for all. Now if only someone in the political blogosphere would do to Congress what Taibbi did to mainstream Wall Street, there actually may be hope for America yet.

Taibbi writes (http://www.rollingstone.com/politics/news/;kw=[3351,136554]?RS_show_page=0):
Just under a year ago, when we published "The Great American Bubble Machine" [RS 1082/1083], accusing Goldman of betting against its clients at the end of the housing boom, virtually the entire smugtocracy of sneering Wall Street cognoscenti scoffed at the notion that the Street's leading investment bank could be guilty of such a thing. Attracting particular derision were the comments of one of my sources, a prominent hedge-fund chief, who said that when Goldman shorted the subprime-mortgage market at the same time it was selling subprime-backed products to its customers, the bait-and-switch maneuver constituted "the heart of securities fraud."

CNBC's house blowhard, Charlie Gasparino, laughed at the "securities fraud" line, saying, "Try proving that one." The Atlantic's online Randian cyber-shill, Megan McArdle, said Rolling Stone had "absurdly" accused Goldman of committing a crime, arguing that "Goldman's customers for CDOs are not little grannies who think a bond coupon is what you use to buy denture glue." Former Wall Street Journal reporter Heidi Moore hilariously pointed out that Goldman wasn't the only one betting against the housing market, citing the short-selling success of – you guessed it – John Paulson as evidence that Goldman shouldn't be singled out.

The truth is that what Goldman is alleged to have done in this SEC case is even worse than what all these assholes laughed at us for talking about last year.

Did we mention Matt has a way with words? And he goes on:
Prior to the "Bubble Machine" piece, I had heard rumors that Goldman had gone out and intentionally scared up toxic mortgages and swaps in order to get short of them with sucker bookies like AIG. But – and this seems funny in retrospect – I foolishly dismissed those tales as being too conspiratorial. I thought it was bad enough that Goldman was shorting the subprime market even as it was selling toxic subprime-backed securities to chumps on the open market. The notion that the bank would actually go out and create big balls of crap that would be designed to fail seemed too nuts even for my tastes.

In the year since – and this, to me, is the main lesson from the SEC case against Goldman – the public has quickly come to accept that when it comes to the once-great institutions of modern Wall Street, literally no deal that makes money is too low to be contemplated.

And our favorite punchline (Taibbi has a nasty habit of putting quite a few of them in each piece);
There is more fraud out there, and everyone knows it: front-running, manipulation of the commodities markets, trading ahead of interest-rate moves, hidden losses, Enron-esque accounting, Ponzi schemes in the precious-metals markets, you name it. We gave these people nearly a trillion bailout dollars, and no one knows what service they actually provide beyond fraud, gross self-indulgence and the occasional transparently insincere public apology.

One would almost get the impression Matt was reading Zero Hedge. That, of course, would be as ludicrous an assumption as the one that Joaquin "Jenny Craig" Almunia (http://www.zerohedge.com/article/deny-all-rumors-almunia-lying-about-no-greek-bailout?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29) blasted in January, and was on the verge of beating the living shit out of the Bloomberg reporter who was interviewing him, i.e., that Greece may need a bailout: now that is truly ludicrous.

Oh and by the way, with Greek 2 year spread about to plunge tomorrow (somehow we foolishly assume that the Greek and German people, who both don't want the bailout, will actually vote for it) guess what will happen to Portuguese and Spanish ones? Has anyone at the IMF ever heard of the law of Communicating Bankrupt Vessels?

But back to Taibbi: his conclusion:
The Goldman case emerges as a symbol of all this brokenness, of a climate in which all financial actors are now supposed to expect to be burned and cheated, even by their own bankers, as a matter of course. (As part of its defense, Goldman pointed out that IKB is a "sophisticated CDO market participant" – translation: too fucking bad for them if they trusted us.) It would be nice to think that the SEC suit is aimed at this twisted worldview as much as at the actual offense. Some observers believe the case against Goldman was timed to pressure Wall Street into acquiescing to Sen. Chris Dodd's loophole-ridden financial-reform bill, which probably won't do much to prevent cases like the Abacus fiasco. Or maybe it's just pure politics – Democrats dropping the proverbial horse's head in Goldman's bed to get their fig-leaf financial-reform effort passed in time for the midterm elections.

Whatever the long-range motives, the immediate effect of the lawsuit is to put Wall Street's crazy fraud ethos on trial in the court of public opinion. For now, at the end of the first quarter, Goldman and most of the other big banks are still winning that case. But the second quarter might be a different story.

Read the full thing here (http://www.rollingstone.com/politics/news/;kw=[3351,136554]?RS_show_page=2). For all it's worth we will continue to ridicule and mock every upcoming worthless piece of Taibbi yellow journalism for at least the 3 or 4 subsequent weeks before he keeps on getting proven right. That's ok, we will have the rest of the blogosphere on our side, making the pain of losing our last reader all that much more bearable. We might even participate in panels to discuss this phenomenon in detail.


03.05.2010, 18:06
A Summary of the Goldman Sachs Fraud Case, and the Downfall of Icons (http://jessescrossroadscafe.blogspot.com/2010/05/summary-of-goldman-sachs-fraud-case-and.html)

"Le secret des grandes fortunes sans cause apparente est un crime oublié, parce qu' il a été proprement fait."

(The secret of great returns which are difficult to explain is a crime that has not yet been discovered because it has been carefully executed."

Honoré de Balzac, Pere GoriotThere is quite a bit of spin surrounding the Goldman Sachs deal. The best debunking of the spin around the nature and quality of the SEC's case was written by Barry Ritholz.

One of the best summaries of what the deal actually encompassed is excerpted below by Rolling Stone journalist Matt Taibbi."Here's the Cliffs Notes version of the scandal: Back in 2007, Harvard-educated hedge-fund whiz John Paulson (no relation to then-Treasury secretary and former Goldman chief Hank Paulson) smartly decided the housing boom was a mirage. So he asked Goldman to put together a multibillion-dollar basket of crappy subprime investments that he could bet against. The bank gladly complied, taking a $15 million fee to do the deal and letting Paulson choose some of the toxic mortgages in the portfolio, which would come to be called Abacus.

What Paulson jammed into Abacus was mortgages lent to borrowers with low credit ratings, and mortgages from states like Florida, Arizona, Nevada and California that had recently seen wild home-price spikes. In metaphorical terms, Paulson was choosing, as sexual partners for future visitors to the Goldman bordello, a gang of IV drug users, Haitians and hemophiliacs, then buying life-insurance policies on the whole orgy. Goldman then turned around and sold this poisonous stuff to its customers as good, healthy investments.

Where Goldman broke the rules, according to the SEC, was in failing to disclose to its customers – in particular a German bank called IKB and a Dutch bank called ABN-AMRO – the full nature of Paulson's involvement with the deal. Neither investor knew that the portfolio they were buying into had essentially been put together by a financial arsonist who was rooting for it all to blow up.

Goldman even kept its own collateral manager – a well-known and respectable company called ACA – in the dark. The bank hired the firm to approve the bad mortgages being selected by Paulson, but never bothered to tell ACA that Paulson was actually betting against the deal. ACA thought Paulson was long, when actually he was short. That led to the awful comedy of ACA staffers holding meeting after meeting with Goldman and Paulson, and continually coming away confused as to why their supposedly canny financial partners kept kicking any decent mortgage out of the deal. In one ACA internal e-mail, the company wonders aloud why Paulson excluded mortgages issued by Wells Fargo – a bank that traditionally created high-quality mortgages. "Did [they] give a reason why they kicked out all the Wells deals?" the quizzical e-mail reads."

Matt Taibbi, The Feds Vs. Goldman (http://www.rollingstone.com/politics/news/;kw=[3351,136554]?RS_show_page=0)This is fraud, pure and simple. Goldman did not stand by and allow ACA to make its picks. Goldman and Paulson aggressively influenced the selection process, vetoing the good mortgages, and manipulating ACA, setting them up to be the fall guy in what is clearly a premeditated fraud.

http://1.bp.blogspot.com/_H2DePAZe2gA/S97qc7tJ8OI/AAAAAAAAMnI/7bmkejDM5_k/s400/next-bubble.jpg (http://1.bp.blogspot.com/_H2DePAZe2gA/S97qc7tJ8OI/AAAAAAAAMnI/7bmkejDM5_k/s1600/next-bubble.jpg)The final defense being offered, after the smokescreens and misstatements of what happened have been pulled away, is that there can be no fraud when you are selling to a 'qualified investor' and making a market.

Goldman was not making a market. They were actively creating inherently dangerous products, and then recommending and selling them to their customers, qualified investors or not. It was fraud, and Goldman is a disreputable firm, that has been shown to engage in fraud across many markets and countries and venues. This particular scam with ACA is small change compared to the setting up of AIG, and the foul bailout ripped from the public with the collusion of the NY Fed.

Anyone who looked at their trading results, many standard deviations out of the norm, would have to know that there was some sort of fraud and market manipulation involved. It is the Bernie Madoff syndrome; the professionals all knew he was cheating somehow, but were more than willing to go along with it and turn a blind eye while it was to their advantage. And Goldman had the politicians in their pocket, and so they were powerful, not to be crossed. Almost as powerfully connected as the Fed's house bank, J. P. Morgan.

Warren Buffet and Charlie Munger have come out recently in defense of Goldman, attempting to paint this fraud as the work of a single rogue trader. That of course is a part of the spin, the carefully thought out and premeditated fraud which had ACA and then Fabrice Tourree as the designated scapegoats.

Warren holds quite a bit of Goldman Sachs stock. And all he and Charlie have shown is that once you strip away the trappings and the masks, the ornamentation and the legend, what you are left with is someone who is willing to lie down with pigs when the money is right. So the question is not what kind of man Warren Buffet is, but rather, what is his price.

When the tide goes out, we indeed see who is naked, and who is not. And it is not a pretty picture.

06.05.2010, 01:08
Currency Wars (http://jessescrossroadscafe.blogspot.com/2010/05/currency-wars.html)

http://2.bp.blogspot.com/_H2DePAZe2gA/S-GeGThR39I/AAAAAAAAMqo/w6UeujDjshQ/s320/Greenspanmoney_burning.JPG (http://2.bp.blogspot.com/_H2DePAZe2gA/S-GeGThR39I/AAAAAAAAMqo/w6UeujDjshQ/s1600/Greenspanmoney_burning.JPG)
"In his latest letter, Mylchreest reckons we are now in the ‘Third Gold War' since the Second World War and this is being waged between the USA in conjunction with other western countries/institutions, notably the IMF, and various opposing sectors worldwide. In his contention, the U.S. and its allies lost the first of these ‘gold wars' to the French (then under De Gaulle) and the second to the Middle East, helped significantly by the then pro-gold stance and purchasing power of the German Deutsche Bank .

This latest Gold War has been/is being fought covertly. "High profile sales of physical gold have, for the most part, been replaced by sales of "paper gold" in the form of futures, OTC options and unallocated gold, etc." asserts Mylchreest. But this time he reckons the veil has been lifted and the whole charade is beginning to unravel. Instead of France or Arab nations, the opponent this time is China - the 800 pound gorilla - potentially an even more formidable opponent, with a huge treasury of trillions of dollars with which to back its moves. It's not just that it is the Chinese government which is the major participant, but also now that gold and silver ownership is being promoted to the populace there by government institutions, there is the huge pent-up, and growing interest in precious metals of the rapidly increasing Chinese middle class and its potential to affect the global demand patterns."

China: the Gorilla in the Third Gold War (http://www.mineweb.co.za/mineweb/view/mineweb/en/page72068?oid=103871&sn=Detail&pid=102055), Lawrence WilliamsThe gold war as described above is just one front in a greater and more general 'currency war' that is evolving as the empire of 'the US dollar as the reserve currency,' which has been in place since the end of WW II, declines and finally falls in the profligacy and crony capitalism of the Federal Reserve Bank and the Treasury.

This battle may manifest itself more publicly later this year in the debate over the reconstitution of the basket of currencies that the IMF's Special Drawing Rights (SDR) will contain.

What Will Be the New World Reserve Currency (http://jessescrossroadscafe.blogspot.com/2009/12/what-will-new-world-reserve-currency.html)

Russia Calls for Changes to the SDR (http://jessescrossroadscafe.blogspot.com/2009/06/russia-calls-for-changes-to-special.html)

The SDR may not be the successor to the dollar hegemony in the short term. The BRICs may lobby hard enough to legitimize it, and even to include some gold and silver content in addition to the fiat currencies of a greater number of countries. I do not believe that they can be successful without some support from the Petrodollar countries in the Mideast.

http://3.bp.blogspot.com/_H2DePAZe2gA/S-GfBs4hPDI/AAAAAAAAMqw/j-X1Rmcg32M/s320/One+World+Currency.jpg (http://3.bp.blogspot.com/_H2DePAZe2gA/S-GfBs4hPDI/AAAAAAAAMqw/j-X1Rmcg32M/s1600/One+World+Currency.jpg)I realize that the SDR is just another fiat currency, a somewhat artificial construct for the accounting of international trade, a fiat of fiats if you will. It may even be inherently unstable in the midst of the controlled demolition of most fiat currencies that is now underway.

But from a portfolio perspective it could be useful to take some of the power to control the world's money supply away from the Anglo-American banking cartel and its politicians who have proven themselves to be unworthy of such a great responsibility.

I don't think a direct transition to specie is feasible. Inclusion of gold and silver in the SDR provides an evolutionary path.

One cannot help but wonder if the current bear raids on the EU and the euro by the financial predators and economic hitmen, the gangs of New York, is designed to bring them to heel in the SDR debate tne this phase of the currency war, and to diminish the potential role of the euro in the newly created basket of world currencies.

If the new currency unit the SDR is used only for international settlements and reserves it may be successful. However, if it is promoted as a general currency for domestic usage, then one only has to look at the current troubles in Europe to understand what a trap this is.

Unity of currency without unity of government and fiscal policy and taxation is difficult if not impossible to maintain. One world currency is the step to one world government. And those who control the currency will, almost inevitably, control the people of the world.

"Basically, what Economic Hit Men are trained to do is to build up the American empire. To create situations where as many resources as possible flow into this country, to our corporations, and our government, and in fact we've been very successful...We knew Saudi Arabia was the key to dropping our dependency, or to controlling the situation. And we worked out this deal whereby the Royal House of Saud agreed to send most of their petro-dollars back to the United States and invest them in U.S. government securities...The House of Saud would agree to maintain the price of oil within acceptable limits to us, which they've done all of these years, and we would agree to keep the House of Saud in power as long as they did this, which we've done, which is one of the reasons we went to war with Iraq in the first place...So we make this big loan, most of it comes back to the United States, the country is left with the debt plus lots of interest, and they basically become our servants, our slaves. It's an empire. There's no two ways about it. It's a huge empire. It's been extremely successful...This empire, unlike any other in the history of the world, has been built primarily through economic manipulation, through cheating, through fraud, through seducing people..."

John Perkins, Confessions of an Economic Hitman

“Currency warfare is the most destructive form of economic warfare."

Harry Dexter White, US Representative to Bretton Woods, 1944

"History teaches us that the capacity of things to get worse is limitless. Roman history suggests that the short, happy life of the American republic may be coming to its end... [the US will probably] maintain a facade of constitutional government and drift along until financial bankruptcy overtakes it. Of course, bankruptcy will not mean the literal end of the United States any more than it did for Germany in 1923, China in 1948, or Argentina in 2002-03. It might, in fact, open the way for an unexpected restoration of the American system, or for military rule or simply for some development we cannot yet imagine. Certainly, such a bankruptcy would mean a drastic lowering of our standard of living, a loss of control over international affairs, a process of adjusting to the rise of other powers, including China and India..."

Chalmers Johnson

06.05.2010, 01:27
When Will Tim Geithner, Who Has The "Biggest Conflict Of Interest", Recuse Himself Of Fed Audit Deliberations?

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 05/05/2010 16:14 -0500

Alan Grayson storms back to the stage by asking just why is Tim Geithner, who has the biggest conflict of interest when it comes to Fed matters, even be allowed to have an opinion on Fed transparency issues. In today's ABC Top Line, Alan noted, “when Tim Geithner says that he doesn't want to see the Fed audited, what he's really saying is he doesn't want to see Tim Geithner audited,” Grayson said. “He was the head of the New York Fed for years and years. This audit would apply to him. And the actions he took -- which he can now take in secret and, when this bill passes, will no longer be secret -- we'll be able to see and understand the decisions that he made that among other things put huge amounts of bailout money into the hands of private interests.” Grayson added: “It's one of the biggest conflicts of interest I've ever seen.” Keep in mind that this is the same Fed that when it took over Bear via ML1 said it would have no losses on the collateral it assumed, only to see its Red Roof Inn holdings be foreclosed upon last week as Zero Hedge first discussed. How the Fed's opacity is still a topic of discussion simply does not compute. And that Obama is doing all he can to prevent the Fed transparency initiatives by Paul and Grayson from passing at this point certainly means that should the Fed's dirty laundry be made public that the administration would certainly collapse in a smoldering heap of 0% approval.

Some more painful common sense from Grayson:
“The Fed doesn't want to be audited. Who does? Do you want to be audited? I don't want to be audited, but sometimes it's necessary,” he said. “When you're handing out a trillion dollars at a time -- a trillion dollars at a time, which works out to $3,000 for every man woman and child in this country -- don't we have a right to know what happened to it?”

Grayson added: “It's central to the bill. We've had secret bailouts from the Fed to private interests now for the past two years without any exposure whatsoever. … We need to know what happened to our money, because when the Fed hands out our money, every dollar in your pocket, every dollar in your checking account, every dollar in your 401(k) becomes that much cheaper and less in value.”

In retrospect it is really much simpler: the Fed will only retain its secrecy as long as it can keep pushing the market higher, and as long as it can force the middle class to empty out their money markets and throw their money into bankrupt retailers trading at one million P/E. Once the market tumbles, it is game over. The Fed knows it, the president knows it, and Geithner certainly knows it. Which is why we expect massive resistance by the Fed and all the "liquidty providers" and "market makers" to allowing the Ponzi formerly known as the market, to reach its true fair value (absent from endless fiscal stimuli and ZIRP insanity)... somewhere in the 400-500 S&P range.


06.05.2010, 18:18
John Taylor: "Dead Man Walking...The Euro Is Finished"

By John R. Taylor, Jr., CIO of F/X Concepts

Dead Man Walking
May 6, 2010

One of the incidents that I remember from my youth was the first time I saw a chicken slaughtered and running around headless for quite a few minutes before it keeled over and died. The euro is at that stage. Its life is finished, but it will be around for some time before it becomes a subject of historical analysis. Actually the euro was always a short term solution, even on the day it was born. There were only two possible outcomes: the euro would blow up, or it would lead to an EU with taxing and borrowing authority. Theoretically those two choices are still possible, but the euro’s disintegration is moving so quickly and the political barriers are rising so fast that the chances of a much closer and ever tightening political bond between the internal surplus countries and the internal deficit countries is basically non-existent. Fifty years ago, Europe had some great leaders in Robert Schuman and Claude Monnet, who had the vision to start the common market, but it does not have the visionaries necessary to take the next step. Building Europe has always been done from the top, by the politicians and the corporate chieftains who had the most to gain from it. In the beginning, the man on the street went along with it because it cost him nothing and it would keep his children out of the next war. Most of the time, there was no cost to the average European, only benefits: more products to buy, better roads and holiday destinations, and the feeling of being a global leader. The farmers got mad in the 1980’s but the Common Agricultural Policy exploded with butter and other mountains growing larger and the farm lobby was paid off. When the euro came along, interest rates dropped everywhere south of the Alps and this meant that things bought on time – like cars and appliances – were cheaper and houses were easier to own. Despite some gripes about inflation as prices were rounded higher, the changes were pleasant, not painful. All of that has changed. Now having the euro and being a member of the European Monetary Union will be hard on almost every voter – for as far as the eye can see. The United States dollar was forged in war, but even that wasn’t enough. The country had to go through another six or seven years of disjointed financial sovereignty, somewhat similar to the current euro structure, suffering internal dissention while continually being threatened from outside before it made the change to a more centralized (but still not modern) system. The critical actor who served as midwife at the dollar’s birth was Alexander Hamilton. A headstrong leader, Hamilton, had the power and foresight to deal and compromise his way to success. The European equivalent is nowhere to be found.

Europe is dead. The European nations are the victors, and the way ahead will be one hell of a mess. Without taxing and borrowing power, there is no way to square the inter-euro trade balances between the countries except ‘internal devaluation,’ which means years of deflation and poverty for the voters – and protestors – of the deficit countries. Our pencil pushers and Excel experts have made lots of projections on the Greek situation and can find almost no possibility of success. The EU/IMF team projects Greek debt at 149% of GDP when this rescue ends, but their nominal GDP estimates are incredibly optimistic when salaries and jobs are cut dramatically. We see a 20% decline over the three years as a good outcome, the debt would stay the same, and the ratio goes to 186% of GDP. Almost like Japan, but foreigners own the Greek debt – no way! This rescue reminds us of Bob Rubin’s rescue of Russia in July 1998, which lasted about one month before the whole house of cards collapsed. We knew that one couldn’t work, and this one can’t either. It might take longer, but the euro is finished.

Goodbye euro, hello drachma, peseta, lira, and the others. The world had hoped for more, none more than the Europeans themselves, but now we are all left to pick up the pieces.


06.05.2010, 22:19
PLUNGE! 1987 Style Sudden Drop in US Stocks Driven by Program Trading and a Ponzi Market Structure (http://jessescrossroadscafe.blogspot.com/2010/05/plunge-1000-point-drop-on-dow-driven-by.html)

http://3.bp.blogspot.com/_H2DePAZe2gA/S-MWXy_yYWI/AAAAAAAAMtg/5fCR5VYjBPk/s320/monkeys.jpg (http://3.bp.blogspot.com/_H2DePAZe2gA/S-MWXy_yYWI/AAAAAAAAMtg/5fCR5VYjBPk/s1600/monkeys.jpg)US equities were gripped by panic selling as the Dow plunged almost 1,000 points driven by a cascade of 100 share high frequency program trading, estimated to have been about 80% of volume. Gold rocketed higher to $1,210.

The stock exchange circuit breakers do not effectively apply after 2:30 PM NY time unless the market declines over 20% and they close the exchange for the day.

http://2.bp.blogspot.com/_H2DePAZe2gA/S-Nfc1Z5Y0I/AAAAAAAAMuY/nnrqvODBM-Q/s320/NYSEBreakers.png (http://2.bp.blogspot.com/_H2DePAZe2gA/S-Nfc1Z5Y0I/AAAAAAAAMuY/nnrqvODBM-Q/s1600/NYSEBreakers.png)

A bit of a detail perhaps, but it serves to enhance the convenient artificiality of today's market break.

This is highly reminiscent of the 1987 crash driven by a flawed market structure based on automated trading and bad theories.

The entire stock market rally which we have seen this year off the February lows resembles a low volume Ponzi scheme, and formed a huge air pocket under prices.

This US equity rally was driven by technically oriented buying from the Banks and the hedge funds. There was and still is a lack of legitimate institutional buying at these price levels. This was machine driven speculation enabled by the lack of reform in a system riddled with corruption, from the bottom to the top.

This is yet another indication that the US regulatory and market oversight organizations, especially the SEC and CFTC, continue to be disconnected from and remarkably ineffective in their responsibilities in guarding the public against gross market abuse, price manipulation, and insiders playing games with cheap money supplied by the NY Fed.

And as you might expect, the anchors on financial television are trying to excuse and blame the sell off on a 'fat finger' order that caused Proctor and Gamble to drop 20 points in 45 seconds. Or a typist inputting an order to sell 16 million e-mini SP futures, and typing "B" instead of "M." Oops. Crashed the free world.

"Ordinarily, the financial risk in a market, and hence the risk to the economy at large, is limited because the assets traded are finite. There are only so many houses, mortgages, shares of stock, bushels of corn, [bars of silver], or barrels of oil in which to invest.

But a synthetic instrument has no real assets. It is simply a bet on the performance of the assets it references. That means the number of synthetic instruments is limitless, and so is the risk they present to the economy...

Increasingly, synthetics became bets made by people who had no interest in the referenced assets. Synthetics became the chips in a giant casino, one that created no economic growth even when it thrived, and then helped throttle the economy when the casino collapsed."

US Congressman Carl LevinEven if any of this was true, it was just the spark that caused the market to plummet because of its highly unstable and artificial technical underpinnings. There is no longer any legitimate price discovery. The US financial system is a casino, dominated by a few big Banks and hedge funds, the gangs of New York.

They'll never learn. Or is it 'we?' They may not really care.

http://4.bp.blogspot.com/_H2DePAZe2gA/S-MTaI7S4lI/AAAAAAAAMtY/C296u-gHv_g/s400/plunge2.png (http://4.bp.blogspot.com/_H2DePAZe2gA/S-MTaI7S4lI/AAAAAAAAMtY/C296u-gHv_g/s1600/plunge2.png)http://2.bp.blogspot.com/_H2DePAZe2gA/S-Mc-GFY-UI/AAAAAAAAMtw/9sgK3CmFmnE/s400/bad_economics.bmp (http://2.bp.blogspot.com/_H2DePAZe2gA/S-Mc-GFY-UI/AAAAAAAAMtw/9sgK3CmFmnE/s1600/bad_economics.bmp)

The Market Makers were doing God's work and maintaining order flow, liquidity, and stability.

http://3.bp.blogspot.com/_H2DePAZe2gA/S-MSJYVAEZI/AAAAAAAAMtQ/ZgDDfufvq5g/s400/plunge.png (http://3.bp.blogspot.com/_H2DePAZe2gA/S-MSJYVAEZI/AAAAAAAAMtQ/ZgDDfufvq5g/s1600/plunge.png)

The Volatility Index VIX Rocketed

http://4.bp.blogspot.com/_H2DePAZe2gA/S-MaHIECOzI/AAAAAAAAMto/zh3PZajgEJs/s400/vix.png (http://4.bp.blogspot.com/_H2DePAZe2gA/S-MaHIECOzI/AAAAAAAAMto/zh3PZajgEJs/s1600/vix.png)

Proctor and Gamble ONE Minute Chart

http://1.bp.blogspot.com/_H2DePAZe2gA/S-Mf-wpkYWI/AAAAAAAAMuA/Rrv3HN_oG3o/s400/PG.png (http://1.bp.blogspot.com/_H2DePAZe2gA/S-Mf-wpkYWI/AAAAAAAAMuA/Rrv3HN_oG3o/s1600/PG.png)

As I said, I was long gold and short stocks all week. I took those positions off the table in the plunge.

Now we go into the Non-Farm Payrolls report. This is one broken market, and the plunge was no accident, but the consequence of corruption, neglect, and obscenely ineffective political governance and monetary policy. But we might see a bounce on Friday, and quite a bit of official reassurance over the weekend.

"Sanity ruled on the Stock Exchange Friday in place of the hysteria of Thursday...In its place was a decidedly improved sentiment; the atmosphere had been cleared and a period of normalcy again reigned.

Sentiment was extremely cautious. While most observers believed the worst of the sharp break was over , they did not look for any immediate recovery...It is the general view that nothing more than backing and filling movements can be expected. Then if conditions are favorable, the groundwork can be laid for a new advance later on."

Wall Street Journal, Saturday, October 26, 1929The pattern of that market dislocation was for an initial decline on Black Thursday (24th), a recovery on Friday (25th), an uneasy or blue Monday (28th), and then the Great Crash itself on Black Tuesday, October 29, 1929.

But even then, with the market down about 40%, it had a remarkable distance to go. The bottom in US equities was finally reached, down 90% from the September 1929 top, in July of 1932, the trough of the Great Depression.

I am not saying that this will happen again. It turned out very differently in 1987 thanks to a flood of liquidity from the Greenspan Fed. Can Bernanke do the same thing again? One great difference between now and 1929 is that a fiat currency can be devalued, and enormous amounts of liquidity added, with a few phone calls. The Fed is already under pressure to open new dollar swaplines with the ECB. Central banks have the mechanisms of monetizing each others debt, but would generally choose to do so covertly to maintain 'confidence.'

But it is good to remember that caution is advisable when investing - always, but especially when one decides to exercise their greed reflex.
"Anyone who bought stocks in mid-1929 and held onto them saw most of his or her adult life pass by before getting back to even.”

Richard M. Salsman

07.05.2010, 17:32
MUST HEAR: Panic And Loathing From The S&P 500 Pits

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 05/07/2010 04:24 -0500

"Guys this is probably the craziest I have seen it down here ever." Here it is, memorialized for the generations and away from the now openly ridiculous disinformation propaganda of the mainstream media, just what a full market meltdown panic sounds like: straight from the epicenter, the S&P 500 pits. Luckily open ouctry still exists, if at least for shock value. Click here for a first hand account of the most shocking 15 minutes in recent market history (http://www.zerohedge.com/sites/default/files/Market%20Crash.mp3). Fat finger my ass.

h/t Tim

AttachmentSize AttachmentSize Market Crash.mp3 (http://www.zerohedge.com/sites/default/files/Market%20Crash.mp3)7.97 MB 4.69231

08.05.2010, 02:28
Fed Preparing To Bail Out World Again: WSJ Reports Dollar Swap Lines Likely To Be Reopened By The Fed

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 05/07/2010 15:16 -0500

Thanks to Leo for pointing out that the WSJ's Jon Hilsenrath has reported (http://blogs.wsj.com/economics/2010/05/07/a-closer-look-at-europe-and-the-feds-central-bank-swap-program/)that the Fed is considering reopening swap lines with central banks, likely in conjunction with the rumored rescue package. This is the news that shot the market up in the last 10 minutes of trading as the Fed would never allow the market to close at the days lows, as it was preparing to do. "Apparently New York Fed President Dudley and Vice Chair Don Kohn are in Basel this weekend for an already scheduled meeting with European central bankers. A Sunday announcement seems like a growing possibility." Lehman weekends are back baby. And with that, we are paging Alan Grayson, who personally had a thing or two to tell the Fed lunatic about bailing out the world ever again without getting prior approval first.


10.05.2010, 16:26
ECB to Buy Bonds In Secondary Market to 'Address Severe Tensions In Certain Market Segments' (http://jessescrossroadscafe.blogspot.com/2010/05/ecb-to-buy-bonds-in-secondary-market-to.html)

http://4.bp.blogspot.com/_H2DePAZe2gA/S-eZdeRhaII/AAAAAAAAMwQ/lJIWlzjiO2w/s400/090314cards.jpg (http://4.bp.blogspot.com/_H2DePAZe2gA/S-eZdeRhaII/AAAAAAAAMwQ/lJIWlzjiO2w/s1600/090314cards.jpg)The limit to the ability of a central bank to create money is the acceptability of the underlying bonds and currency.

When a central bank turns to buying the bonds in order to support their price, or more properly the interest rate paid, this is the beginning of the end, the point at which the national currency becomes little more than a Ponzi scheme, creating more money to pay the interest on the old money.

Now both the US Federal Reserve the Bank of England, and the ECB have fallen into this. We are seeing the controlled demolition of the fiat currencies of the developed world.

Bloomberg (http://www.bloomberg.com/apps/news?pid=20601087&sid=aR40Tn7EZtfg&pos=3)
ECB to Intervene in Bond Market to Fight Euro Crisis
By Gabi Thesing, Jana Randow and Simon Kennedy

May 10 (Bloomberg) -- The European Central Bank said it will buy government and private bonds as part of an historic bid to stave off a sovereign-debt crisis that threatens to destroy the euro.

The ECB wants “to address severe tensions in certain market segments which are hampering the monetary policy transmission mechanism and thereby the effective conduct of monetary policy,” the central bank said in a statement today, minutes after European finance ministers announced a loan package worth almost $1 trillion to staunch the market turmoil.

The central bank said it will intervene in “those market segments which are dysfunctional,” signaling it views the recent surge in some of the region’s bond yields as unjustified. Policy makers are seeking to restore confidence in markets and protect the economy from a double-dip recession. The bank said the moves won’t affect monetary policy and the resulting liquidity will be reabsorbed.

“They are not cranking up the printing presses,” said James Nixon, co-chief European economist at Societe Generale SA in London. “This is a much more targeted, surgical approach. They buy the duff stuff that no one in the market will touch...”

...While the ECB cannot buy bonds directly from governments, the euro’s founding treaty doesn’t ban it from doing so in the secondary market, providing the bank with some room to execute today’s plan. The bank’s council will decide the scope of the intervention.

Bundesbank President Axel Weber said May 5 that the threat of contagion from Greece’s fiscal crisis didn’t merit “using every means.” Without referring specifically to bond buying, he said “measures that damage the fundamental principles of the currency union and the trust of the people would be mistaken and more expensive for the economy in the longer term...”

11.05.2010, 01:04
Jim Rickards: "Goldman Can Create Shorts Faster Than Europe Can Print Money"

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 05/10/2010 12:04 -0500

Jim Rickards, who recently has gotten massive media exposure on everything from the JPM Silver manipulation scandal, to the Greek default, was back on CNBC earlier with one of the most fascinating insights we have yet heard from anyone, which demonstrates beyond a doubt why any attempt by Europe to print its way out of its current default is doomed: "Look at what Soros did to the Bank of England in 1992 - he went after them, they had a finite amount of dollars, he was selling sterling and taking the dollars, and they were buying the sterling and selling the dollars to defend the peg. All he had to do was sell more than they had and he wins. But he needed real money to do that. Today you can break a country, you don't need money you just need synthetic euroshorts or CDS. A trillion dollar bailout: Goldman can create 10 trillion of euroshorts. So it just dominates whatever governments can do. So basically Goldman can create shorts faster than Europe can create money." Just wait until Europe finally realizes that the CDS "speculators" had all the cards in the poker game all along. And we hope Europe listens to the man: being LTCM's GC he knows all about failed bail outs.

Jim Rickards on Euro Bailout (video) - CNBC (http://www.cnbc.com/id/15840232/?video=1489946246&play=1)


11.05.2010, 17:01
European Banks Now Feverishly Betting Against Euro, As Bailout Fails, Gold Surges

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 05/11/2010 04:29 -0500

Thought experiment: You are the head FX trader at French megabank Croc Monsieur & Cie. (HFT: CMC) For the past 5 years, your bonus has been getting paid primarily in company stock. In the last two weeks you have seen the stock of your firm plunge as the markets have finally realized that those idiots in the Fixed Income desk have loaded up to the gills with PIIGS debt which is now worth 60 cents on the dollar at best. And to top things off, the euro has plunged to multi year lows killing any chance of buying that New York Pied A Terre which seemed so cheap when the EURUSD was 1.50 a few months ago. So what do you do? Well, you short the living daylights out of the EUR, knowing full well that the EU, the IMF and the ECB will not let Europe crash. You sell, you sell on margin and then you sell some more, trying to get EURUSD all they way down to 1.20, to 1.10, even to parity if possible, to make it all that more believable that the end of Europe is coming. And, lo and behold, on May 9 your plan succeeds: Europe agrees to bail your bonus out, by flushing $1 trillion under the pretext the money will be used to stabilize the periphery and the euro. Immediately the stock of CMC, and thus the value of your accrued bonus (several million worth), surges by a record 20% in one day. So you think: "How can I get an even greater bonus appreciation? Why - I will short the euro again. At this point I know that between myself and the other FX desks at all the other French and German banks we can easily take the euro down to 1.20 if not much lower. After all we are only trading against the very central banks that are keeping us alive. And when that happens Europe will have to print another trillion, then ten trillion, then one hundred trillion, all the while the stock portion of my accrued bonus surges. Brilliant." Brilliant indeed - Zero Hedge has received confirmation that several of the largest French banks are now actively shorting the euro to take advantage of globalized moral hazard, which with every ensuing bailout does nothing but make the bonuses of French FX traders surge. In other words, the very banks that Europe is bailing out are betting more and more aggressively with each passing day against Europe's own survival! Even George Soros has shed a tear of pride in how beautifully his initial plan to take on the BOE has mutated for the Bailout Generation. And overnight, the traders from the imaginary CMC, and other all too real French banks (and now US hedge funds), are succeeding, as the last traces of this weekend's $1 trillion bailout are long forgotten: futures are plunging, Asia is collapsing, the EURUSD is probing a 1.26 handle and we see it easily going back down to 1.25, even as gold surges.

We anticipate another record bailout to be announced by Europe within the month as Europe now has no other choice. And each subsequent bailout will only lead European banks to bet even more aggressively against the survival of Europe, which destroys more and more European taxpayer capital. Welcome to Global Moral Hazard.


http://www.zerohedge.com/sites/default/files/pictures/picture-4747.jpgby George the baby...
on Tue, 05/11/2010 - 04:31
#342979 (http://www.zerohedge.com/article/european-banks-now-feverishly-betting-against-euro-bailout-fails-gold-surges#comment-342979)

Singing: "It's the end of the world as we know it and I feel fine".

11.05.2010, 23:33
Here Is Why the Fed Cannot Simply Continue to Inflate Its Way Out of Every Financial Crisis That It Creates (http://jessescrossroadscafe.blogspot.com/2010/05/here-is-why-fed-cannot-simply-inflate.html)

http://1.bp.blogspot.com/_H2DePAZe2gA/S-mqIXpUGgI/AAAAAAAAMxY/B1MjbHo_g1w/s400/debtgdp.JPG (http://1.bp.blogspot.com/_H2DePAZe2gA/S-mqIXpUGgI/AAAAAAAAMxY/B1MjbHo_g1w/s1600/debtgdp.JPG)The return on each new dollar of US debt is plummeting to new lows according to figures from the Federal Reserve.

The chart below is from the essay, Not Just Another Greek Tragedy (http://www.cornerstoneri.com/PDFs/White/GreekTragedy.pdf) by Cornerstone.

I have been watching this chart for the past ten years, as part of the dynamic of the sustainability of the bond and the dollar as the limiting factor on the Fed's ability to expand the money supply.

The ability to expand debt is contingent on the ability to service debt. If the cost of the debt rises over the net income of the country's capital investment, or even gets close to it, the currency issuing entity is trapped in a debt spiral to default without a radical reform.

In other words, if each new dollar of debt costs ten percent in interest, largely paid to external entities, and it generates less than ten cents in domestic product, it is a difficult task to grow your way out of that debt without a default or dramatic restructuring.

So we are not quite there yet. But we are getting rather close on an historic basis. Without the implicit subsidy of the dollar as the world's reserve currency it would be much closer.

As it is now, this chart indicates that stagflation at least, rather than a hyperinflation, is in the cards for the US. But the trend is not promising, and the lack of meaningful reform is devastating.

A 'soft default' through inflation is the choice of those countries that have the latitude to inflate their currencies. Greece, being part of the European Monetary Union, did not. The US is not so constrained, especially since it owns the world's reserve currency.

The economy is out of balance, heavily weighted to a service sector, especially the financial sector which creates no new wealth, but merely transforms and transfers it. With stagnation in the median wage, and an historic imbalance in income distribution skewed to the top few percent, with the banks levying de facto taxation and inefficiency on the economy as a function of that income transfer, there should be little wonder that the growth of real GDP is sluggish in relation to new debt.

Or as Joe Klein so colorfully phrased it, the elite have been strip-mining the middle class in America for the past thirty years.

Along with the 'efficient market hypothesis,' trickle-down economics is also a fallacy. This is why the stimulus program being conducted by the Federal Reserve, in an egregious expansion of its authority to conduct monetary policy, in subsidies and transfer payments to Wall Street is not working to stimulate the real economy. It merely inflates the bonuses of the few, and extends the unsustainable.

So obviously one might say, "The Banks must be restrained, and the financial system reform, and the economy brought back into balance, before there can be any sustained recovery.

12.05.2010, 23:24
US More Bankrupt Than Ever - $83 Billion April Deficit Is Record For The Month, $30 Billion Worse Than Expected As Tax Receipts Plunge

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 05/12/2010 13:11 -0500

Well, if nothing else, we now know officially just how great those tax receipts were. Good thing too - we can end that whole superficial tax receipt debate and focus on important things. April's tax deficit of $83 billion was the highest April deficit on record. America is now more bankrupt than ever. Income was $245.3 billion, 8% below the total recorded last April. Spending was $328.0 billion, up 14% year-over-year. A year ago in April the deficit was $20.9 billion. And here is the data: tax receipts down 7.9% YoY, Individual Income Tax down 21.5% YoY, and more importantly, spending: Total spending up 14.2%, National defense up 17%, Medicare up 39.4%, Social Security up 4.2% and General Government up 5.6%. At least interest payments were down 9.5%.

And now back to your regularly scheduled bankrupt country market melt up.


13.05.2010, 03:37
Comic Interlude

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 05/12/2010 18:04 -0500

Couldn't resist.

http://www.zerohedge.com/sites/default/files/images/user5/imageroot/Technorati_0.jpg (http://www.zerohedge.com/sites/default/files/images/user5/imageroot/Technorati.jpg)

Source: Technorati Top 100 Blogs (http://technorati.com/blogs/top100/page-3/)



14.05.2010, 00:24
Nassim Taleb: "We Are Going To Have, At Some Point, A Failed Auction"

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 05/13/2010 16:03 -0500

Set aside the stupidity about Taleb causing last week's sell off for a minute and you have 14 minutes of very relevant insight not only into last week's crash, but into the real events that precipitated it: namely market structure, European contagion and the precarious US economic situation. In a Bloomberg TV interview a thousand times more informative than Taleb's CNBC appearance (presumably it has to do with the absence of the Power "I love to hear my voice" Lunch brigade), the Black Swan author discusses what keeps him up at night: a failed auction. Once again, we differ in a slight nuance that not even a failed auction, but the impression that the auction status quo is changing will be sufficient to set off the treasury avalanche. Whether that means a dramatic change in the Direct Bidder regime, the Primary Dealer hit ratio, or some other metric, we don't know, which is why we log each and every auction to keep track of any potential outliers and aberrations.

Also, Taleb shifts his eyesight away from Rubin and Greenspan as the biggest perpetrators of the crisis and now focuses on any person who works for the Office of the Management of the Budget. Nassim also spares no words of kindness for Geithner, Summers ("he will do to us what he did to Harvard") and, of course, Bernanke, "who crashed the plane."

Taleb's advice: stay away from Treasuries (especially long-term), avoid both the euro and the dollar, have a collection of metals and agricultural land exposure, and "use the stock market as something for entertainment not investment." And definitely stay away from school and equations.

<object width="480" height="385"><param name="movie" value="http://www.youtube.com/v/OVxcDgfTzuk&hl=en_US&fs=1&"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/OVxcDgfTzuk&hl=en_US&fs=1&" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="480" height="385"></embed></object>


15.05.2010, 00:02
CFTC Euro Net Short Contracts Surge By 10% Sequentially, Hit Absolute Record Of -113,890, Just Begging For Squeeze

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 05/14/2010 15:18 -0500

The most recent CFTC Commitment of Traders (http://www.cftc.gov/MarketReports/CommitmentsofTraders/HistoricalCompressed/index.htm)report is out, and at least as pertains to the EURUSD, it is a doozy. After hitting record after record in net short exposure, the Euro net non-commercial contracts have surged by 10% week-over-week, and represent a fifth consecutive weekly bet on the decline of the Euro, to -113,890 contracts. This is an all time record, as virtually all speculators are betting against the Euro. On the other hand, a reversal here for whatever reason would incite the mother of all short squeezes and likely push the EUR to well over 1.60 :ekon a catalytic event. The only question is whether such a catalytic event can even possibly be conceived. We'll leave that one to the black swan hunters among you.

http://www.zerohedge.com/sites/default/files/images/user5/imageroot/summers/EUR%205.14_1_0.jpg (http://www.zerohedge.com/sites/default/files/images/user5/imageroot/summers/EUR%205.14_1.jpg)


15.05.2010, 19:05
Is The Financial System Corrupt? (http://jsmineset.com/2010/05/14/is-the-financial-system-corrupt/)

Posted: May 14 2010 By: Greg Hunter Post Edited: May 14, 2010 at 6:53 pm
Filed under: Greg Hunter (http://jsmineset.com/category/greg-hunter/)

Dear CIGAs,

http://jsmineset.com/wp-content/uploads/2010/05/clip_image002_thumb2.jpg (http://jsmineset.com/wp-content/uploads/2010/05/clip_image00210.jpg)

Recent headlines coming out of the financial world have been jaw dropping. Here are a few: US faces same problems as Greece, says Bank of England (The Telegraph), World markets rattled by Goldman fraud (The Economic Times), Goldman Sachs faces criminal investigation (Guardian UK), Government Probe into Wall Street Sales Widening (Fox Business), SEC expects early findings on dramatic, 1,000 point market drop next week (The Hill), Feds probing JPMorgan trades in silver pit (NY Post), Federal Reserve lends bucket to EU bailout (Politico),and NY AG investigates if banks misled ratings agencies (WABC).

My favorite headline is Major Wall Street firms face criminal probe (Reuters), because the article goes on to name all of the big players. The Reuters story says, “. . . preliminary criminal probe is being conducted with U.S. securities regulators and involves JPMorgan Chase, Citigroup, Deutsche Bank, UBS, Morgan Stanley and Goldman Sachs Group Inc. The person said the investigation included mortgage-bond deals, that it was in an early stage and that it might not necessarily lead to criminal charges against all of the firms. The person spoke anonymously because the probe is ongoing.”

None of the financial institutions named above have been convicted of any wrongdoing. They all basically say they did nothing wrong. Can all this negative press just be a big overblown mistake? Mind you, the above headlines are recent, as in the past week or so. I say when you put all the headlines together, it sure looks to me like the financial system is corrupt. The financial markets are a rigged game. The game is played to enrich the big fat cat trader and rip-off the little guy of his hard earned savings.

Rigged games are doomed to fail. Eventually, everybody realizes the only money walking out the door is in the pockets of the house. In this case, the house is the big Wall Street banks. In my mind, the negative headlines all point to one thing–the rigged game is coming to an end.


15.05.2010, 19:06
Hoarders / Jon Stewart

The big banks make money by taking the bailout money we gave them and lending it back to the government with interest.


17.05.2010, 02:10
Währungsreserven explodieren

Am Donnerstag und Freitag intervenierte die Schweizerische Nationalbank wieder mit Stützungskäufen von Euros am Devisenmarkt. Sie zahlte noch 1,4005 Franken pro Euro


Die wiederkehrenden Euro-Stützungskäufe seit März 2009 haben die Devisenreserven der Schweizerischen Nationalbank vervierfacht. Sie sind wegen der Euro-Käufe auch im April und im Mai um je rund 30 Milliarden Franken gestiegen und haben aktuell einen Wert von gegen 200 Milliarden Franken erreicht - so viel wie noch nie.

Die SNB verfügt heute über höhere Devisenreserven als die EZB, die Hüterin des Euro, und sogar das Fed, die Hüterin des US-Dollar. Die Devisenreserven entsprechen mehr als einem Drittel des schweizerischen Bruttoinlandproduktes pro Jahr. Die Erhöhung der Reserven war auch das erklärte Ziel der SNB, da sie vor der Finanzkrise zu klein gewesen seien, gemessen an Grösse der Schweizer Finanzbranche.


Da die Euro-Stützungskäufe der SNB zu einer Ausdehnung der Frankengeldmenge führen und damit Inflationspotenzial in der Zukunft schaffen, wird die Nationalbank ihre Devisenmarkt-Interventionen sorgfältig dosieren müssen....


Welch Glück, dass die SNB sorgfältig dosiert. http://www.stock-channel.net/stockselect/stock-board/images/smilies/berty.gif

17.05.2010, 02:33
MELTUP - "The Beginning Of US Currency Crisis And Hyperinflation", The Viral Video

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 05/16/2010 06:08 -0500

Must watch hour long video from Inflation.us that is now making the viral rounds, explaining what everyone on this website understand, in simple language. Please forward to your friends and neighbors. Inflationist or deflationist, the facts behind this video are undeniable. It is time for the truth about our economy to break through the propaganda machine.

<object width="640" height="385"><param name="movie" value="http://www.youtube.com/v/eb1n1X0Oqdw&hl=en_US&fs=1&"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/eb1n1X0Oqdw&hl=en_US&fs=1&" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="640" height="385"></embed></object>


17.05.2010, 02:48
Greece Considering Legal Action Against U.S. Banks for Crisis

May 16 (Bloomberg) -- Greece is considering taking legal action against U.S. investment banks that might have contributed to the country’s debt crisis, Prime Minister George Papandreou (http://search.bloomberg.com/search?q=George+Papandreou&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1) said.

“I wouldn’t rule out that this may be a recourse,” Papandreou said, in response to questions about the role of U.S. banks in the crisis, in an interview on CNN’s “Fareed Zakaria GPS.” The program, scheduled for broadcast today, was taped on May 13. Neither Papandreou nor Zakaria mentioned any banks by name.

U.S. stocks fell and the euro slumped on concern that Europe wouldn’t be able to contain the debt crisis stemming from Greece. The Standard & Poor’s 500 Index (http://www.bloomberg.com/apps/quote?ticker=SPX%3AIND) declined 1.9 percent May 14, while the euro fell below $1.24 for the first time since November 2008.

Papandreou said the decision on whether to go after U.S. banks will be made after a Greek parliamentary investigation into the cause of the crisis.



18.05.2010, 19:19
Germany To Ban Short Selling At Midnight, Only Naked Shorts To Be Affected

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 05/18/2010 11:20 -0500

Update 4: Merkely to formally announce naked short-selling ban on Wednesday.Update 3: Hearing naked ban will also apply to credit derivatives, i.e. naked CDS.

Update 2: Bloomberg chimes in quoting Deutsche Presse which reports that the ban will only apply to naked shorting. We are looking for official confirmation on what the final proposal will look like as there is a lot of confusion currently and no formal announcement. Regardless, investors are wondering what has changed today to institute this now.

Update: short selling ban will apply to stocks and euro government bonds according to German N-TV station. This is an act of desperation and will force all those who are long German assets to sell asap (selling is still legal).

Reuters headline for now (http://www.londonstockexchange.com/exchange/prices-and-news/news/market-news/market-news-detail.html?announcementId=10497764), that the German Finance Minister will institute a short-selling ban at midnight. If true, this is huge, as it means the market will become massively dislocated once again. We can show charts of how Thailand, US and Greek markets reacted when this was introduced (short jump followed by significant slide lower), but you get the image. One wonders just how horrible the news flow over the next 24 hours will be for this drastic measure to be introduced.

Full and most recent Reuters update below:
BERLIN, May 18 (Reuters) - Germany plans to ban naked short-selling on stocks and euro government bonds, German all-news network N-TV reported on Tuesday.

German coalition sources told Reuters earlier that Finance Minister Wolfgang Schaeuble plans to ban short-selling from midnight.

Economy Minister Rainer Bruederele told Reuters that it was possible the short-selling ban would be quickly enacted.

No other details were immediately available.


18.05.2010, 22:55
Congress blocks indiscriminate IMF aid for Europe

Europe may have to clean up its own mess after all. The US Senate has voted 94:0 to block use of taxpayers’ money for IMF rescues that make no economic sense or bail-outs for countries like Greece that far are beyond the point of no return.


19.05.2010, 03:17
Merkel to The Banks and Hedge Funds: Sprechen Sie Deutsche? Then Droppen Sie Dead (http://jessescrossroadscafe.blogspot.com/2010/05/merkel-to-wall-street-and-london.html)

There is much surprise that the German government has declared a ban on naked short selling, including CDS, as of midnight tonight, with no prior notice and the courtly deference demanded by the Banks when government chooses to regulate them. This action seems to have perturbed some and confused many.

The reason for this may be quite simple.

After tonight, when hedge funds and The Banks call upon German financial firms and European governments to make payments on Credit Default Swaps or other financial instruments that are subject to the ban, the Germans will have a rather large hammer in hand to help them to negotiate the terms, and respond to any threats and coercion.

Since the CDS will be deemed to be no longer legal, at least in the quantity and leverage desired by those gaming the system, the opportunity to default on them with the backing of the government may be an option. This seems quite similar to the stance that the Chinese government took on behalf of some Chinese firms that were caught on the wrong side of energy derivatives.

I have heard from several sources that there was a general disappointment in Europe and in some parts of Asia at the lack of progress being made in the US Congress towards creating meaningful reforms in their financial system. In fact, there is a widespread belief that Washington is being dictated to by the Banks, and that their lobbyists are directing the conversation, and in many cases writing the actual legislation. The final straw was when the Obama Administration itself sought to water down and block key provisions of the legislation to limit the power and size of the Banks.

"To some degree this is a battle between the politicians and the markets," she said in a speech in Berlin. "But I am firmly resolved -- and I think all of my colleagues are too -- to win this battle....The fact that hedge funds are not regulated is a scandal," she said, adding that Britain had blocked previous efforts to do this. "However, this will certainly have taken place in Europe in three weeks," she said, without giving more details." Reuters (http://www.reuters.com/article/idUSLDE6452IP20100506) 6 May 2010"German Chancellor Angela Merkel accused the financial industry of playing dirty. 'First the banks failed, forcing states to carry out rescue operations. They plunged the global economy over the precipice and we had to launch recovery packages, which increased our debts, and now they are speculating against these debts. That is very treacherous,' she said. 'Governments must regain supremacy. It is a fight against the markets and I am determined to win this fight.'"UK Telegraph (http://www.telegraph.co.uk/finance/financetopics/financialcrisis/7687790/ECB-paralysis-rattles-markets-as-debt-costs-hit-new-highs.html) 6 May 2010http://1.bp.blogspot.com/_H2DePAZe2gA/S_NxPPozJCI/AAAAAAAAM1A/pPUGhCnSUiM/s320/change.JPG (http://1.bp.blogspot.com/_H2DePAZe2gA/S_NxPPozJCI/AAAAAAAAM1A/pPUGhCnSUiM/s1600/change.JPG)The financiers have been saying that 'Europe cannot print money faster than Goldman Sachs can create naked Credit Default Swaps.' Well, Goldman can still create those swaps, but they may have trouble finding counterparties for them in Europe. And those who buy them may do so at their peril, since Europe is obviously seeking to isolate itself from the consequences of speculative excess by an overleveraged financial system.

Merkel said she was going to reassert the primacy of government over the multinational speculators.

This is only the opening salvo. It will not be effective without further effort. And it is likely to draw the ire and criticism of the corporate media in NY and London, and the financiers' well-kept demimonde."Oh no, naked CDS are essential to price discovery. Naked shorting adds liquidity. The system will fall apart if you do not let the Banks have their way with the global economy. Oh my God, someone in government actually did something that was not vetted and pre-approved by the Wall Street Banks. They have actually outlawed naked shorting, which is tantamount to legalized counterfeiting. How dare that headstrong and impertinent frau Dr. Merkel attempt to protect her people from the gangs of New York!" http://www.stock-channel.net/stockselect/stock-board/images/smilies/toodamnfuny.gif
But one has to admit that the lady has style, and, unlike her American counterpart, is not afraid to occasionally take the wheel and drive, rather than sit in the back seat offering platitudes, and fine sounding words, and toothlessly petulant criticism.
Bloomberg (http://www.bloomberg.com/apps/news?pid=20601087&sid=asFWbw4CZ6yo&pos=1)
Germany to Ban Naked Short-Selling at Midnight
By Alan Crawford
May 18, 2010

May 18 (Bloomberg) -- Germany will temporarily ban naked short selling and naked credit-default swaps of euro-area government bonds at midnight after politicians blamed the practice for exacerbating the European debt crisis.

19.05.2010, 03:23
Summary Of Today's Festivities From Goldman and Morgan Stanley: Run From The Euro

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 05/18/2010 16:18 -0500

The whole world is still stunned from what just happened today. In essence, Germany has taken a major step to not only declaring it is the master of the European continent and all those who don't like it can just focus on their own bankrupt banks (Sarkozy), but is breaking ranks with the US, as the surprising nature of today's move was aimed not so much at European "speculators" but at Wall Street. Furthermore, knowing full well it may soon lose access to US capital markets, Germany is likely preparing to abandon the EU and EMU (to which "good riddance" is likely all it has to say). But the key implication from today is that Bernanke must now move with urgency to find a way to keep the pressure on the dollar as he is now solidly losing the currency devaluation race. The impact of this on major multinationals and on the "must do" reflation experiment could be cataclysmic. Additionally, without gobs of new domestic liquidity to prop it up, the US market will now likely collapse, further forcing Bernanke to act against the interests of the US Middle class and America's savers. We can not wait to see what he pulls out of his sleeve. With ZIRP ravaging the nation, and negative interest rates still illegal, he may just find his hands very much tied.

In the meantime, here are some preliminary shocked observations on today's events from Goldman Sachs and Morgan Stanley.


19.05.2010, 16:10
Apple akzeptiert Cash nicht mehr für iPads http://www.stock-channel.net/stockselect/stock-board/images/smilies/pillepalle.gif

abclocal.go.com/kgo/video?id=7447013 (http://abclocal.go.com/kgo/video?id=7447013)

19.05.2010, 17:55
Nations Over Banks (Who Serve Only Themselves) (http://market-ticker.denninger.net/archives/2332-Nations-Over-Banks-Who-Serve-Only-Themselves.html)

As the housing crisis mounted in early 2007, Goldman Sachs was busy selling risky, mortgage-related securities issued by its longtime client, Washington Mutual, a major bank based in Seattle.

Although Goldman had decided months earlier that the mortgage market was headed for a fall, it continued to sell the WaMu securities to investors. While Goldman put its imprimatur on that offering, traders in the same Goldman unit were not so sanguine about WaMu’s prospects: they were betting that the value of WaMu’s stock and other securities would decline.

Got that? Oh, and it wasn't just WaMu; the article documents trades against Bear Stearns, the State of New Jersey, AIG and Thornburg, with the worst being AIG that they profited from twice - first by their demise, then again when they managed to get paid at "par" for bets with AIG that were in fact worth zero as the company was bankrupt! ...


Then there's the old-fashioned "advice" (http://www.bloomberg.com/apps/news?pid=20601087&sid=aq1TZHxNGpWU&pos=3#) that Goldman hands out to "clients" and which Bloomberg compiled a list of since the first of the year:
Seven of the investment bank’s nine “recommended top trades for 2010” have been money losers for investors who adopted the New York-based firm’s advice, according to data compiled by Bloomberg from a Goldman Sachs research note sent yesterday. Clients who used the tips lost 14 percent buying the Polish zloty versus the Japanese yen, 9.4 percent buying Chinese stocks in Hong Kong and 9.8 percent trading the British pound against the New Zealand dollar.

Seven of nine eh? 78% losers? If you listen to these clowns you're going to be broke fast. Now the $64,000 question: Has Goldman been taking the other side of those recommendations?


19.05.2010, 18:23
Record Swiss Franc Volatility: 300 pips Swing After Numerous SNB Intraday Interventions

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 05/19/2010 09:56 -0500

A 3 bps move in a currency in a short period of time is the endgame for any FX trader. The ECB is now indirectly performing stealth operations via the SNB. And as the net result is a weaker EURUSD, one could see the Fed's finger in this.http://www.zerohedge.com/sites/default/files/images/user5/imageroot/summers/EURCHF%205.19_3_0.jpg (http://www.zerohedge.com/sites/default/files/images/user5/imageroot/summers/EURCHF%205.19_2.jpg)



20.05.2010, 02:57
Today's Unprecedented Swiss Bank Intervention Driven By Massive Capital Flight From Germany To Switzerland; Result Was Euro Surge

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 05/19/2010 18:04 -0500

Earlier today we disclosed what were not one but several massive central bank interventions in the Euro-Swiss Franc exchange rate. The intervention was large enough to push the rate up by 300 pips, a gargantuan amount in a world where applied leverage is often in the thousands. The amount of capital required to achieve this was likely unprecedented. Yet what bothered us was why would the SNB so glaringly intervene in the FX market not once but three or even more times. Thanks to the Telegraph (http://www.telegraph.co.uk/finance/financetopics/financialcrisis/7742355/Germanys-desperate-short-ban-triggers-capital-flight-to-Switzerland.html)we find out that the reason was a massive €9.5 billion capital flight from Germany into Swiss deposit accounts just this morning, according to BNP. Unfortunately for Germany this is only the beginning of capital reallocation from the country into neighboring Switzerland. And the technical bounce in the EUR today was in fact an even greater sign of weakness: in fact, as the IMF's Tim Kingdon pointed out, the money run in Club Med banks last week resulted in a massive €56 billion of interbank lending as the move from the periphery to the core accelerated. Now that the next stage of the run is from the core, Europe will very soon find itself with depleted depository capital very soon. Because if money is fleeing Germany, it is certain that France, Italy and the UK can not be far behind.

Below, is a chart we posted earlier of the record Swiss National Bank intervention.

http://www.zerohedge.com/sites/default/files/images/user5/imageroot/summers/EURCHF%205.19_3_0.jpg (http://www.zerohedge.com/sites/default/files/images/user5/imageroot/summers/EURCHF%205.19_3.jpg)

And here are more details on today's unprecedented move from Evans-Pritchard:
The market is left asking what skeletons are lurking in the cupboard," said Marc Ostwald from Monument Securities. The short ban follows a report by RBC Capital Markets that circulated widely in the City accusing German banks of failing to come clean on 75pc of their €45bn exposure to Greek debt.

German lenders have the lowest risk-weighted capital ratios in the world after Japan. They were slow to rebuild safety cushions after the sub-prime crisis, and now face a second set of losses on Club Med holdings. Reporting rules have let Landesbanken delay write-downs, turning them into Europe's "zombie" banks.

Even so, nothing adds up in this BaFin episode. Germany acted alone, prompting a tart rebuke from French finance minister Christine Lagarde. "It seems to me that one should at least seek the advice of the other member states concerned by this measure," she said. Brussels was not notified. The deep rift between Berlin and Paris has been exposed again, leaving it painfully clear the European Montary Union still lacks the fiscal and governing machinery of a viable currency union.

Far from stabilising markets, BaFin's move set off a nasty sell-off in credit markets. Markit's iTraxx Crossover index – measuring risk in mid-level corporate bonds – jumped 57 basis points to 586. Markit said BaFin had caused liquidity to dry up in "febrile conditions". The Libor-OIS spread watched for signs of strain in interbank lending widened further.

If the purpose of BaFin's action was to drive wolfpack "speculators" off Greece's back, it failed. Yields on 10-year Greek bonds rose 37 basis points to 7.918pc. What it showed is that CDS contracts barely matter. The issue is whether "real money" investors such as the Chinese central bank are willing to buy Greek and Portuguese debt.

The short ban set off instant capital flight to Switzerland. BNP Paribas said €9.5bn flowed into Swiss franc deposits in a matter of hours on Wednesday morning.

The Swiss central bank intervened to hold down the franc. This caused the euro to shoot back up against the US dollar after an early plunge. The euro had already bounced off "make-or-break" technical support at $1.2135, the 50pc "retracement" of its entire rise since 2000, but any rally is likely to be short-lived.


As for talk of disintegration, we know that Europe was hours away from implosion as recently as Friday.
Tim Congdon from International Monetary Research said deposit data from the ECB shows that there was a "major run" on Club Med banks in the second week of May. Some €56bn of interbank lending facilities were withdrawn, probably as citizens in the South switched funds to banks in the eurozone core. Bank reliance on the ECB lending window jumped by €103bn – or 22pc – in a week.

"It was extreme and very sudden, probably on Friday afternoon. The eurozone was undoubtedly in peril," he said.

The question raised by BaFin is whether underlying damage to the eurozone banking system runs even deeper than feared.

If one considers that Libor keeps crawling higher, and that the Libor reporting dispersion between the European and foreign banks in the BBA USD panel is almost back at record wides, we are fairly certain that the answer to the last question is a resounding yes.


by Mitchman
on Wed, 05/19/2010 - 18:23
#361835 (http://www.zerohedge.com/article/todays-unprecedented-swiss-bank-intervention-driven-massive-capital-flight-germany-switzerla#comment-361835)

A beautiful article. The system is fatally flawed and the Germans took the first logical step towards asserting their authority as the only adults in the bunch and as the owners of the only solid balance sheet in the group. Good for them. And good for them for giving Bernanke the finger.

Login (http://www.zerohedge.com/user/login?destination=node/138505%2523comment-form) or register (http://www.zerohedge.com/user/register?destination=node/138505%2523comment-form) to post comments

by Renfield
on Wed, 05/19/2010 - 18:40
#361862 (http://www.zerohedge.com/article/todays-unprecedented-swiss-bank-intervention-driven-massive-capital-flight-germany-switzerla#comment-361862)

I agree.

WTF are these idiots trying to hold onto? What do they think they can avoid? The global financial system has been falling apart for years. The collapse has been accelerating for the last couple of years, but there is no 'stabilising' it. All that 'stability' - bailouts, shadow banking system, increasingly complex financial instruments, too-big-to-fail - was just making things worse.

Merkel has a spine after all, as it turns out - altho she shouldn't have ever softened on the bailout pap. Should have said No and called Sarkozy's bluff, should have refused to consider it in the first place. The EUR would have taken its lumps earlier. Merkel has more backbone than any of our lapdog administration - she is the first to face reality.

Their fucking 'bailout' was transparently unworkable from the start. Greece, Europe, and the rest of the western world is behaving like a desperate debtor trying to buy any time at any price. I'm not surprised at the blaming and weeping and carrying on by the cockroaches who are trying to kick the can down the road one last time, who are so close now to being made to hold the bag of their own debt. How dare Merkel refuse to pour her citizens' labour out like water so the banksters can party for another year.

I pity the peasants of Europe, though. Stupid or entitled as they may have been, they don't deserve the blaming and the pillaging they are getting from their guilty, complicit leaders.

There is a debtor's lineup happening. Europe, the 'resources' currencies, Japan, and at the end the US.

PS: And I can't tell from the various articles posted, whether the ZH panel is in favour of more bailout, and bigger shadow banking system, or not! Up until this week, I would have thought they'd be applauding - it's weird to read some posts that sound like they're coming straight from the Soc Gen.



20.05.2010, 22:31
Wall Street Threatens Washington as Reform Vote Approaches; Europe Acts Pre-emptively Against Fraud (http://jessescrossroadscafe.blogspot.com/2010/05/wall-street-threatens-washington-as.html)

Naked shorting is illegal in the US, and for very good reasons. On a larger scale, it is used for price manipulation, and is the equivalent of counterfeiting. The removal of the uptick rule (http://en.wikipedia.org/wiki/Uptick_rule) by the SEC on July 6, 2007, which had been created in 1938 as part of the New Deal regulatory reforms, cleared the way for its more heavy handed uses and control frauds.

The ban on naked short selling was not enforced by regulators who were willing to turn a blind eye to blatant market manipulation. Under the DTCC regime it turned epidemic. The alarm was raised by many whistle blowers who were either ignored or vilified by the corporate media.

Let me be clear on this. I am not opposed to short selling. It is a trade that has many legitimate uses. It is naked short selling that lends itself so readily to abuse, particularly when there are not limits on position sizes and massed selling to drive down prices. The deregulatory movement, based on such lofty principles, has become nothing more than a means to a fraud, systematically knocking down all the regulatory safeguards that were put in place to protect the public during the Great Depression.

And this was the result of a long and expensive campaign, led by the wealthy elite and the Wall Street banks, to lobby the Congress and dupe the people to energize their frauds. As such, it shows premeditation and deliberate intent, the organized corruption of one of the most connected of all global resources, the US financial system and control of the international monetary reserves.

It became so outrageous that the US had to intervene during its banking crisis that triggered this global financial crisis, and selectively enforce the law to protect its banks from each other and the packs of unregulated hedge funds led by Goldman Sachs.

Germany recently stepped in to ban NAKED short selling, which was being used to attempt to take down certain prices to trigger the highly lucrative and largely unregulated Credit Default Swaps.

And commentators were outraged and even hysterical over this action by Germany, which was the kind of responsible market regulation that the US reserves to itself, and only when it is in support of protecting its banking oligarchs.

This surprise and shock indicates how low our standards have fallen, and how given over to Stockholm syndrome (http://en.wikipedia.org/wiki/Stockholm_syndrome) so many otherwise intelligent people have become regarding the speculators and the banks. Death by professors, chief strategists, and the pampered princes of the corporate media.

I found it interesting that the heavy selling today in US equities, triggered by the selling of large tranches of SP futures near the open, in addition to news indicating the recovery is not gaining traction, and the threat of another flash crash was tied by traders this morning over ‘unease the the Congress has not yet killed Blanche Lincoln’s amendment to prohibit the banks from dealing in Credit Default Swaps.’

Regarding the recent gold action John Brimelow says:
"Waves of selling hit gold on Wednesday in the European and NY midmornings. As noted earlier, apparent CME volume pre-open was 90,000 lots, and estimated volume between 9AM and Noon NY, during which time gold dropped some $21, was a heavy 95,000 lots. ScotiaMocatta simply refers to gold being “bludgeoned down” and Reuters quotes a COMEX gold floor trader, “the big banks just put in sell orders that hit the market."Anyone close to the market can see this manipulation. It is neither sophisticated nor clever. That is the shame of the regulators and insiders, who find their coverage in pleading ignorance. And what they do in gold they are doing in equities and other markets, while working their way up the food chain to the sovereign debt markets. None are safe when corruption partners with government.

All this pain and uncertainty is designed to maintain their impossibly perfect trading results for their proprietary accounts as their customers bleed for their bonuses. And what makes this such a perfect con is that they are bullying the public using the money taken from the Federal Reserve and the Congress, the public's own money.

I would that Obama and the Congress had half the courage of Merkel. And that commentators and the middle class would realize the sorry state that their economy is in, held hostage by a bunch of spoiled brats and well heeled thugs, and a government by and for the highest bidder."Gentlemen, I have had men watching you for a long time and I am convinced that you have used the funds of the Bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst yourselves, and when you lost, you charged it to the Bank... Beyond question this great and powerful institution has been actively engaged in attempting to influence the elections of the public officers by means of its money...

You tell me that if I take the deposits from the Bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin. Should I let you go on, you will ruin fifty thousand families, and that would be my sin. You are a den of vipers and thieves. I intend to rout you out, and by the grace of the Eternal God, I will rout you out."

Andrew Jackson on The Second Bank of the United States (http://en.wikipedia.org/wiki/Second_Bank_of_the_United_States) which was the Central Bank of his day.A dangerously simplistic view? More like common sense, and the plain spoken truth, at last. You have been given a Republic, indeed, if you can keep it, if only for the honor of your fathers, and the sake of your children.

20.05.2010, 22:36
The Horizons AlphaPro Dennis Gartman ETF and Its Narcoleptic Returns (http://jessescrossroadscafe.blogspot.com/2010/05/horizons-alphapro-dennis-gartman-etf.html)

"The investment objective of the Horizons AlphaPro Gartman ETF (http://www.hapetfs.com/pdfs/hag_final.pdf) (the “ETF”) is to provide investors with the opportunity for capital appreciation through exposure to the investment strategies of The Gartman Letter, L.C. (“Gartman”), founded by Dennis Gartman. The ETF will use equity securities, futures contracts and exchange-traded funds to provide the ETF with long and short exposure to multiple asset classes which may include but are not limited to global equities, commodities, fixed income and currencies.

The ETF provides long or short exposure to multiple asset classes including global equities, commodities, fixed income and currencies."The ETF seems to be underperforming the major indices and precious metals, and mostly everything except for Obama's approval ratings. It did perform a little better than the TLT 20 Year bond index. At least their performance is consistent.

In fairness to Mr. Gartman I do not know how faithfully this ETF follows his philosophy and market 'calls.'

Perhaps this is like one of those Krusty the Klown franchise deals where the product only involves his name, philosophy, pictures, quotes, and trademarks, with no responsibility or genuine involvement in the content. I would suppose he is getting something out of this deal.

I mean look at their returns for the past year. It defines 'mediocrity.' A passbook account at .25% offered better returns with less risk.

I did think that it was cute that they blamed "President Obama's attack on the financial sector' for their lousy performance this year. LOL The Congress could not reform a schoolyard with a SWAT team if the kids had enough leftover lunch money to make it worth their while.

The Gartman ETF seems to be doing a little better than Goldman's advice to its retail clients, which has been wrong 7 out of 9 times according to recent stories from Bloomberg. Gee, do you think they are doing so well because they are doing what they do best, and taking the other side of the trades for their own book? Oh no, I forget. They are "market makers."

At least the Gartman ETF managed to get a memorable symbol for the ETF, HAG:TSX. I suppose HUMPZ:TSX was out of the question.

When someone sent this chart and fund description to me I thought it was a hoax. I guess you really can't make this stuff up.

Oh well. Another Wall Street legend, shot to hell. Still, tomorrow is another day.

http://2.bp.blogspot.com/_H2DePAZe2gA/S_WXfRN5npI/AAAAAAAAM2o/DbHAftq9sVE/s400/Gartmanfund.png (http://2.bp.blogspot.com/_H2DePAZe2gA/S_WXfRN5npI/AAAAAAAAM2o/DbHAftq9sVE/s1600/Gartmanfund.png)

22.05.2010, 00:56
Much Ado About TED, LIBOR, and Currency Swaps (http://jessescrossroadscafe.blogspot.com/2010/05/much-ado-about-ted.html)

There is some alarm being expressed about the recent increase in the TED spread (http://jessescrossroadscafe.blogspot.com/2008/10/ted-spread-us-dollar-and-european.html)from some quarters this week.

Here is a short term chart of the TED. It is definitely elevated expressing the accelerated demand for dollars in Europe. Although the BIS reports will not catch up with this action for quite a while, I suspect we are seeing a replay of a flight away from dodgy assets such as dollar denominated CDO's that European customers had deposited with their banks that are now being liquidated again. Also, and undeniably, there is a flight to gold, Swiss francs, and US dollars from the Euro as the ECB and the EMU sort out their serious issues brought about by a single currency and monetary policy working across a wide diversity of localized fiscal conditions.

http://2.bp.blogspot.com/_H2DePAZe2gA/S_bmlpdvX3I/AAAAAAAAM5A/dDN0YPMxYFw/s400/TED1.png (http://2.bp.blogspot.com/_H2DePAZe2gA/S_bmlpdvX3I/AAAAAAAAM5A/dDN0YPMxYFw/s1600/TED1.png)

However, here is the longer term picture of the TED spread. As you can see, it is a bit too early to hit the warning sirens. But it does bear watching.

http://2.bp.blogspot.com/_H2DePAZe2gA/S_bmh2SeDCI/AAAAAAAAM44/OV33lSL0dAk/s400/TED2.png (http://2.bp.blogspot.com/_H2DePAZe2gA/S_bmh2SeDCI/AAAAAAAAM44/OV33lSL0dAk/s1600/TED2.png)

The long view is not very dramatic, and also not as useful for promoting short euro hedge fund trades, or for generating viewer clicks.

For some additional perspective, here is a chart of the one year LIBOR rate.

http://3.bp.blogspot.com/_H2DePAZe2gA/S_bpkcApn_I/AAAAAAAAM5I/v6RQLI4KLhA/s400/ratecharts14.gif (http://3.bp.blogspot.com/_H2DePAZe2gA/S_bpkcApn_I/AAAAAAAAM5I/v6RQLI4KLhA/s1600/ratecharts14.gif)

Here is a short term view of LIBOR in US Dollars. It is definitely elevated.

http://4.bp.blogspot.com/_H2DePAZe2gA/S_bqQ-JYVyI/AAAAAAAAM5Q/ZTdni5I7cak/s400/ECONOMAGIC%21LIBORUS1M3M6M12M.gif (http://4.bp.blogspot.com/_H2DePAZe2gA/S_bqQ-JYVyI/AAAAAAAAM5Q/ZTdni5I7cak/s1600/ECONOMAGIC%21LIBORUS1M3M6M12M.gif)

But here is a similar short term view of LIBOR expressed in ECU's. By comparing the two LIBOR charts one might think that there is an elevated demand for dollars, probably attributable to a flight to safety. The DX chart indicates that it seems to be peaking. But it can always take a turn for the worse.

http://2.bp.blogspot.com/_H2DePAZe2gA/S_bqUm4X_hI/AAAAAAAAM5Y/t7CReRB-mIM/s400/ECONOMAGIC%21LIBOREC1M3M6M12M.gif (http://2.bp.blogspot.com/_H2DePAZe2gA/S_bqUm4X_hI/AAAAAAAAM5Y/t7CReRB-mIM/s1600/ECONOMAGIC%21LIBOREC1M3M6M12M.gif)

And while we are at it, here is a reprise of a prior discussion of the Fed's swap lines (http://jessescrossroadscafe.blogspot.com/2009/07/feds-currency-swaps.html) with Europe, designed to relieve imbalanced demand for dollars.

The US is indeed contributing to the bailout of Greece, via its membership in the IMF. But not through the currency swap lines, unless there is something else going on there behind the scenes. Since the US owns the biggest printing press in the world, at least for now, that would not be a shock.

There may be a time to worry about European insolvency. But quite a bit of what we are hearing about Europe these days seems a bit overwrought, and spoken from the perspective of a particular set of speculative trades.

22.05.2010, 01:02
Record EUR Shorts Decline Just Barely, As GBP Spec Shorts Hit All Time Record

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 05/21/2010 16:04 -0500

The CFTC's just released Commitment of Traders report indicates that Non-Commercial, speculative net positions in the Euro declined just marginally from -113,890 to -107,143 for the week ended May 18, Tuesday. With central banks throwing everything at shorts, up to and including the tungsten-plated kitchen sink, the response is surprisingly muted. However, with the major wave of SNB/ECB initiated forced short covering beginning on Thursday, and driving the EURUSD up by 300 pips from 1.21 in one day, we expect the short number to decline substantially. If it does not, "speculators" can tap themselves on the back for pulling off a feat bigger than even George Soros ever achieved- taking on all central banks and not wavering. If that is indeed the case, we salute them. On the other hand, Soros replicants are certainly on fire in the GBP: the cable saw a new record number of shorts in the past week, which increased by -4,557 to -76,745.

http://www.zerohedge.com/sites/default/files/images/user5/imageroot/summers/Gold%20IMM%205.18_0.jpg (http://www.zerohedge.com/sites/default/files/images/user5/imageroot/summers/Gold%20IMM%205.18.jpg)

http://www.zerohedge.com/sites/default/files/images/user5/imageroot/summers/GBP%20IMM_0.jpg (http://www.zerohedge.com/sites/default/files/images/user5/imageroot/summers/GBP%20IMM.jpg)

25.05.2010, 02:27
Eric Sprott On Financial Farcism

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 05/24/2010 17:18 -0500

Eric Sprott (http://www.zerohedge.com/taxonomy_vtn/term/8200)

A must watch two part interview of Eric Sprott by BNN, in which the Canadian asset manager shares his views on the economy, financial markets, sovereign overleverage, industrial commodities, and, of course, gold. The man who created the PHYS index to invest in physical gold, is, not surprisingly, not too excited about perspectives for stocks, and markets in general, which he qualifies as a "financial farce." Sprott is, and has been for a while, confident we will retest the March 2009 666 lows in the S&P. Slowly, more and more "experts" are moving to his camp. He also gives an advance glimpse of the topic of his upcoming May missive for all you Sprott groupies.

Part 1: (http://watch.bnn.ca/#clip304447)

http://www.zerohedge.com/sites/default/files/images/user5/imageroot/Sprott%201.jpg (http://watch.bnn.ca/#clip304447)

Part 2: (http://watch.bnn.ca/#clip304448)

http://www.zerohedge.com/sites/default/files/images/user5/imageroot/Sprott%202.jpg (http://watch.bnn.ca/#clip304448)


bei den edlen Metallen bereits vor einiger Zeit gepostet.

25.05.2010, 02:33
Google gibt Gas http://www.stock-channel.net/stockselect/stock-board/images/smilies/rolleyes.gif


25.05.2010, 22:49
Goldman Sachs, Undeclared Enemy of the State

Stacy Summary: We look at the scandals of naked short selling, supplementary liquidity providers and the conspiracy of banks. And we also mention the financial terrorist playing cards (http://financialterrorists.wordpress.com/sample-cards/). In the second half of the show, Max interviews Jim Rickards about naked short selling and overwhelming the specialist system, Wall Street banks undermining Greece and Goldman Sachs as an undeclared national enemy.


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26.05.2010, 17:15
Fiscal Crises and Imperial Collapses: Historical Perspective on Current Predicaments

Niall Ferguson, Harvard University


26.05.2010, 17:46
Hola :) habe vom Nachbarn eine Verbindung bekommen :cool nur ganz schnell zwischendurch - muchas gracias Hoka :thanx ist ja mittlerweile ein Flächenbrand :rolleyes und nix Glut :rolleyes da passt ja auch

Als Zürich brannte (http://www.tagesanzeiger.ch/zuerich/stadt/Als-Zuerich-brannte/story/31661889)

http://files.newsnetz.ch/story/3/1/6/31661889/19/teasermedium.jpg (http://www.tagesanzeiger.ch/zuerich/stadt/Als-Zuerich-brannte/story/31661889) Vor 30 Jahren finden in Zürich die «Opernhauskrawalle» statt. Der Beginn eines «heissen Sommers», der noch heute nicht vergessen ist. Mehr... (http://www.tagesanzeiger.ch/zuerich/stadt/Als-Zuerich-brannte/story/31661889)

Aktualisiert um 14:05 Uhr

Der «heisse Sommer» (http://www.tagesanzeiger.ch/zuerich/stadt/Als-Zuerich-brannte/story/31661889)
....:winke bis zum Juni :D

28.05.2010, 00:09
ist ja mittlerweile ein Flächenbrand :rolleyes
Zum Original-Beitrag (http://www.stock-channel.net/stock-board/showthread.php3?p=1313805#post1313805) http://www.stock-channel.net/stockselect/stock-board/images/smilies/wave.gif Und da kommt noch mehr?

Iceland President Warns That "Significant Eruption At Katla Volcano Is Close"

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 05/27/2010 12:49 -0500

Now that the Gulf of Mexico has been (presumably) plugged up, pressure in the earth's core is rising once again, and thus it may be time to refocus on the imminent explosion of Iceland's second and much larger volcano Katla. Why? Because, as MSNBC reports (http://www.msnbc.msn.com/id/37371442/ns/world_news-europe), the Icelandic president Ólafur Grímsson has warned governments around Europe "that a significant eruption at the volcano is close." Seeing how his credibility has not been destroyed by associating with the other Eurozone and IMF idiots, we tend to think he knows what he is talking about. Also disclosed were the findings of a paper by the University College of London which concludes that "given the high frequency of Katla activity, an eruption in the short term is a strong possibility." And just like with the GOM debacle, scientists say that the response by Europe to the first volcanic eruption has been atrocious, as none of the events that have transpired were not unexpected. Of course, when Katla blows up too, there will be terror and panic, as airlines are cut once again, and trade in Europe, already lethargic, crawls to a halt, when as usual, all this could be prevented by spending just a little extra money not on bank bail outs but on prevention measures. Of course, that would mean record European bank bonuses may be lower by a few euros. And that is simply unacceptable. As MSNBC notes:


by frosty zoom
on Thu, 05/27/2010 - 13:02
#377312 (http://www.zerohedge.com/article/iceland-president-warns-significant-eruption-katla-volcano-close#comment-377312)

maybe if we throw orville geithnerbacher into the crater....

28.05.2010, 00:32
Hugh Hendry: "I Would Recommend You Panic"

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 05/27/2010 11:10 -0500

BBC Newsnight held another great financial round table discussion (why do these occur only in Canada and across the Atlantic? Is it so difficult to have 20 minutes of commercial free debate here in the US where people can actually tell the truth?) which brought together Hugh Hdenry, Gillian Tett and Jeffrey Sachs. As usual, Hendry takes it odd with a bang: "I would recommend you panic. The European banking system is in a crisis." He continues: "Let's purge this system of its rottenness. Let's take on a recession. It's going to be tough, people are gonna lose their jobs. They are going to lose their jobs anyway. We can spread this over 20 years, or we can get rid of it over 3 years." Of course, the Columbia professor, is completely against purging the system: how else can US higher "educators" continue to indoctrinate generation after generation with the flawed principles of a bankrupt ideology, and continue getting getting paid handsomely if there is an global reset? Even funnier, Jeffrey Sachs loses it when Hendry calls him out on his BS at 5 minutes into the clip. The ensuing smackdown is worth the price of admission alone.
<object width="640" height="385"><param name="movie" value="http://www.youtube.com/v/nuysYXlJ43I&hl=en_US&fs=1&"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/nuysYXlJ43I&hl=en_US&fs=1&" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="640" height="385"></embed></object>


29.05.2010, 01:19
Hugh Hendry Warns To "Prepare For Hyperinflation"

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 05/28/2010 14:40 -0500

The endlessly entertaining Hugh Hendry, who gave Jeffrey Sachs a royal beatdown yesterday (http://www.zerohedge.com/article/hugh-hendry-i-would-recommend-you-panic)and pretty much discredited the Columbia professor for life, is back in this interview with Money Week's Merryn Webb, in which he once again is not afraid to make "bold" statements. Such as that hyperinflation is pretty much inevitable, that China is the functional equivalent of the Next fashion chain in the 1980s, that instead of listening to idiots on TV who just talk their high beta books, investors should buy the largest and safest stocks. Interestingly, Hendry actually suggests a viable way to fix America's problems, which would require China to write off its US debt, thus "securing the health and vitality of China's biggest customer." Alas, we don't think it would be sufficient, as China holds about $1 trillion of US debt (at least officially). For the Hendry plan to work, debt repudiation would have to go viral, with all banks, US and European, writing down foreign debts as well. Of course, this would bring about the crash of the financial system overnight which is why it won't happen. And yes, it still will crash, as the financed assets are bled of all their cash flows, but at least the grind into systemic bankruptcy will be slow, painful (for the middle class) and very drawn out. As for hyperinflation, Hendry's view coincides with that of Zero Hedge: "the current deflationary shock will deepen and then create "political legitimacy to go nuclear with hyperinflation" via the printing press."



30.05.2010, 01:41
US-Filmlegende Dennis Hopper gestorben

Der US-Schauspieler Dennis Hopper ist tot. Wie Medien am Samstag berichteten, starb Hopper im Alter von 74 Jahren an Krebs.



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31.05.2010, 10:13
US-Filmlegende Dennis Hopper gestorben
Zum Original-Beitrag (http://www.stock-channel.net/stock-board/showthread.php3?p=1314531#post1314531)

...trotzdem !HOLA! :) und vor allem nochmals muchas gracias :thanx Hoka :supi für scary lodern lassen :cool

Halbzeit bei "unserem" Hausberg- vor diesem wunderschönen Regenbogen grau, kalt, nass :( danach sonnig, heiss, muy bien :supi :cool :)

31.05.2010, 10:18
....hmmmm - leider gleich weiter mit scary Nachrichten :(

Viele Tote und Verletzte

Blutiger Angriff Israels auf Gaza-Hilfsflotte (http://www.spiegel.de/politik/ausland/0,1518,697642,00.html)

Ein israelisches Elitekommando hat am frühen Morgen Schiffe der "Solidaritätsflotte" für den Gaza-Streifen attackiert. Bei der Militäraktion wurden laut einem TV-Bericht bis zu 16 Menschen getötet. Die Türkei berief eine Krisensitzung des Kabinetts ein, ein israelischer Minister äußerte "Bedauern für die Toten". mehr... (http://www.spiegel.de/politik/ausland/0,1518,697642,00.html) [ Video (http://www.spiegel.de/video/video-1068011.html) | Forum (http://forum.spiegel.de/showthread.php?t=16408&goto=newpost) ]

Fotostrecke: Attacke im Morgengrauen (http://www.spiegel.de/fotostrecke/fotostrecke-55371.html)
Boykottaktion: Wie Palästinenser jüdische Siedler mürbe machen wollen (http://www.spiegel.de/politik/ausland/0,1518,696557,00.html)
Naher Osten: Israel protestiert gegen Atomwaffensperrvertrag (http://www.spiegel.de/politik/ausland/0,1518,697617,00.html)
Historikerstreit in Israel: "Wir haben kein Recht auf dieses Land" (http://www.spiegel.de/politik/ausland/0,1518,697365,00.html)

31.05.2010, 10:27

Triumph beim Eurovision Song Contest

Alle lieben lovely Lena ;)

Ein Kommentar von Jan Feddersen

Fotostrecke: 19 Bilder (http://www.spiegel.de/fotostrecke/fotostrecke-55353.html) - AP

Sie kam, sang und siegte: Lena Meyer-Landrut hat erst Deutschland verzaubert und jetzt ganz Europa mitgerissen. Es ist der Triumph einer Künstlerin, die sich Schlagertum und Boulevard konsequent verweigerte - und stattdessen mit guter Musik und viel weiblichem Selbstbewusstsein punktete......


31.05.2010, 10:36
May 12, 2010

Disaster unfolds slowly in the Gulf of Mexico (http://www.boston.com/bigpicture/2010/05/disaster_unfolds_slowly_in_the.html) :(:gomad

In the three weeks since the April 20th explosion and sinking of the Deepwater Horizon oil rig in the Gulf of Mexico, and the start of the subsequent massive (and ongoing) oil leak, many attempts have been made to contain and control the scale of the environmental disaster. Oil dispersants are being sprayed, containment booms erected, protective barriers built, controlled burns undertaken, and devices are being lowered to the sea floor to try and cap the leaks, with little success to date. While tracking the volume of the continued flow of oil is difficult, an estimated 5,000 barrels of oil (possibly much more) continues to pour into the gulf every day. While visible damage to shorelines has been minimal to date as the oil has spread slowly, the scene remains, in the words of President Obama, a "potentially unprecedented environmental disaster."

(40 photos total (http://www.boston.com/bigpicture/2010/05/disaster_unfolds_slowly_in_the.html))


31.05.2010, 10:57
Golf von Mexiko

US-Regierung befürchtet Ölflut noch bis August (http://www.spiegel.de/wissenschaft/natur/0,1518,697641,00.html)

Seit sechs Wochen schon verseucht das Öl den Golf von Mexiko. Doch die US-Regierung bereitet sich darauf vor, dass das BP-Bohrloch sogar bis August nicht verschlossen werden kann. Durch den nächsten Abdichtungsversuch könnte sogar noch mehr aus dem Leck als bisher ins Meer sprudeln. mehr... (http://www.spiegel.de/wissenschaft/natur/0,1518,697641,00.html) [ Video (http://www.spiegel.de/video/video-1068015.html) | Forum (http://forum.spiegel.de/showthread.php?t=16190) ]

Golf von Mexiko: "Top Kill"-Pleite zerstört Hoffnung auf schnelles Ölpest-Ende (http://www.spiegel.de/wissenschaft/natur/0,1518,697590,00.html)
Umweltkatastrophe im Golf von Mexiko: "Top Kill"-Desaster erschüttert Amerika (http://www.spiegel.de/politik/ausland/0,1518,697554,00.html)
Themenseite: Alles über die Ölpest im Golf von Mexiko (http://www.spiegel.de/thema/oelpest_im_golf_von_mexiko/)
Umweltkatastrophe im Golf von Mexiko: BP scheitert mit Ölleck-Abdichtung (http://www.spiegel.de/wissenschaft/natur/0,1518,697546,00.html)

17 Bilder
Golf von Mexiko: Die schwarze Flut erreicht die Küste (http://www.spiegel.de/fotostrecke/fotostrecke-55228.html)

*************************************** (http://www.spiegel.de/fotostrecke/fotostrecke-55228.html)

......Andere Anteilseigner belassen es nicht bei kritischen Worten. So hat eine BP-Aktionärin das Unternehmen bereits verklagt. BP habe auf Kosten der Sicherheit gespart, heißt es in der Klageschrift :gomad Und weiter: Schon in der Vergangenheit habe der Konzern Sicherheitsauflagen ignoriert. So gab es 2005 in einer BP-Raffinerie in Texas eine Explosion, bei der 15 Menschen starben und mehr als 170 verletzt wurden. Wegen Verstößen gegen Sicherheitsvorschriften wurde BP zu einer Rekordstrafe von 87 Mio. Dollar verurteilt. 2006 geriet BP erneut in die Schlagzeilen: Aus einer lecken Pipeline in Alaska, die dem britischen Konzern gehört, lief Öl aus. BP zahlte 20 Mio. Dollar Strafe.

Ein Jahr später übernahm Hayward den Job an der BP-Spitze von John Browne, also jenem Mann, der BP zu einem der Großen in der Ölbranche machte - offenbar auf Kosten der Sicherheit. Der neue Vorstandschef versprach beim Amtsantritt, dass sich Vorfälle wie in Texas und Alaska nicht wiederholen werden. Eine andere Unternehmenskultur werde Einzug halten, Sicherheit Priorität bekommen. Noch wenige Tagen vor dem Unglück im Golf von Mexiko betont Hayward: "Wir haben die Unternehmenskultur komplett umgekrempelt, und das ist nicht umkehrbar." Noch ist nicht geklärt, wie viel Schuld BP an dem Drama trägt und wie viel die Partnerfirmen wie Transocean (NYSE: RIG (http://us.lrd.yahoo.com/_ylt=AhJoos3r5ELmayxQ6c90iU95NrJ_;_ylu=X3oDMTB0OTZhYjNlBHBvcwMxBHNlYwNuZXdzYXJ0Ym9keQRzbGsDcmln/SIG=11aegg5ar/**http%3A//de.finance.yahoo.com/q%3Fs=RIG) - Nachrichten (http://us.lrd.yahoo.com/_ylt=Amaa2xFIq0PvvUjQ4zqalHZ5NrJ_;_ylu=X3oDMTE1NGR2bjd2BHBvcwMyBHNlYwNuZXdzYXJ0Ym9keQRzbGsDbmFjaHJpY2h0ZW4-/SIG=11ctssk86/**http%3A//de.finance.yahoo.com/q/h%3Fs=RIG)) oder Halliburton (NYSE: HAL (http://us.lrd.yahoo.com/_ylt=AiJ9PrQ6QCBnRs4gJpgGHbl5NrJ_;_ylu=X3oDMTB0azFsdDBlBHBvcwMzBHNlYwNuZXdzYXJ0Ym9keQRzbGsDaGFs/SIG=11a1jisdq/**http%3A//de.finance.yahoo.com/q%3Fs=HAL) - Nachrichten (http://us.lrd.yahoo.com/_ylt=AlGafW_Nk3DpYJV3PxRFsG15NrJ_;_ylu=X3oDMTE1bHFrbHBxBHBvcwM0BHNlYwNuZXdzYXJ0Ym9keQRzbGsDbmFjaHJpY2h0ZW4-/SIG=11c4tkv12/**http%3A//de.finance.yahoo.com/q/h%3Fs=HAL)) . Der Öl-Multi wird an erster Stelle mit dem Unglück in Verbindung gebracht. "In den vergangenen Jahren hat BP richtig aufgeräumt, und jetzt fällt alles wie ein Kartenhaus in sich zusammen", sagt Fadel Gheit, Analyst bei Oppenheimer in New York.....


******************************************* (http://de.finance.yahoo.com/nachrichten/fr-bp-wird-die-luft-im-l-drama-dnn-hblatt-96e0e9aff98b.html?x=0)

.......Gefährlicher Auftrag

Tatsächlich betrieb Transocean, Spezialistin für Offshore-Bohrungen, die «Deepwater Horizon». Das Unternehmen – das seinen Sitz erst kürzlich in die Schweiz verlegt hatte – ist damit für die Sicherheit der Plattform zuständig. Transocean gehören auch die Ausrüstung und die allermeisten Mitarbeiter.

Doch BP (http://www.tagesanzeiger.ch/wirtschaft/unternehmen-und-konjunktur/organisation/bp/s.html) (BPAM (http://javascript%3Cb%3E%3C/b%3E://) 495.9 -4.87%) macht es sich mit der Schuldzuweisung an die Schweizer Firma etwas zu leicht, wie verschiedene Kommentatoren bemerkten. «Es war der britische Ölkonzern, der Transocean den gefährlichen Auftrag gab. BP liess das Unternehmen in in einer Tiefe bohren, die technisch nicht mit letzter Sicherheit zu kontrollieren ist», schreibt etwa die «Financial Times Deutschland». Das «Wall Street Journal» weist darauf hin, dass die Sicherheitstechnik der «Deepwater Horizon» nicht auf dem modernsten Stand gewesen sei. Es habe ein Schalter gefehlt, mit dem das Bohrloch hätte verschlossen werden können. Warum? BP hatte zusammen mit anderen Ölfirmen im amerikanischen Parlament lobbyiert, dass diese Schalter anders als etwa in Norwegen und Brasilien nicht zur Vorschrift werden. Kein Wunder: Ein Stück kostet 500'000 Franken......


.....hoffentlich vergisst dies die Ami-Regierung nicht :rolleyes:oo

31.05.2010, 11:33
spanien rückt nicht nur bei fitch ins visier:


jetzt spanien, nachdem man sich in 2009 in griechenland getroffen hat - oh mein gott :schwitz:schwitz;)

Zum Original-Beitrag (http://showthread.php3?p=1314495#post1314495)
http://img1.blogblog.com/img/icon18_wrench_allbkg.png (http://www.blogger.com/rearrange?blogID=6822317169270344340&widgetType=Text&widgetId=Text43&action=editWidget) Mittwoch, 26. Mai 2010

Bericht über den Tagungsort der Bilderberger (http://alles-schallundrauch.blogspot.com/2010/05/bericht-uber-den-tagungsort-der.html)

Zwischen dem 3. und 9. Juni findet in Sitges Spanien das diesjährige Treffen der Bilderberger statt. Da wärend der Tagung die Hotelanlage durch Polizei, Militär und Geheimdiensten hermetisch abgeriegelt ist und man unmöglich rein kommt, habe ich vorab Aufnahmen gemacht, damit wir sehen, in welcher Umgebung die ganzen Bonzen sich treffen.......

.......Wie die Vergangenheit gezeigt hat, ist die Auswahl des Tagungsortes von symbolischer Bedeutung. Nach Griechenland letztes Jahr und der Krise die dort ausgebrochen ist, sieht Spanien als der nächster Kandidat aus. :rolleyes

Ab nächster Woche kommen 140 der wichtigsten Persönlichkeiten aus Europa und Amerika hier zusammen, Königinnen, Könige, Staatspräsidenten, Prämierminister, Kanzler, EU-Kommissaren, Chefs von Weltorganisationen, von Weltkonzernen, Grossbanken und Medienhäusern, Militärs, Geheimdiensten und und und ... besprechen die Weltpolitik, treffen wichtige Entscheidungen, bestimmen was wirklich passiert und wählen die Marionetten aus, welche ihre Befehle ausführen.

Es werden hunderte Sicherheitskräfte das ganze Areal absperren, was dem spanischen Steuerzahler viel Geld kostet, obwohl es ja nur nach eigenen Angaben ein privates Treffen sein soll. Von den Mainstreammedien wird wieder keiner da sein, darüber darf nicht berichtet werden, wird völlig todgeschwiegen, denn die Verleger und Chefredakteure sind ja auch Teilnehmer und gehören zur Bande.

Deshalb müssen wir es tun und sie exponieren.

Vergangenes Jahr in Griechenland wurden praktisch alle Reporter der alternativen Medien die Vorort waren von der Polizei verhaftet und die Fotos und Filmaufnahmen konfisziert. Was ist denn das für ein Demokratieverständnis? Wieso darf die Welt nicht wissen, was hier abläuft und wer teilnimmt? Was haben sie zu verbergen?.....

Hier weiterlesen: Alles Schall und Rauch: Bericht über den Tagungsort der Bilderberger (http://alles-schallundrauch.blogspot.com/2010/05/bericht-uber-den-tagungsort-der.html#ixzz0pUtreTkt) http://alles-schallundrauch.blogspot.com/2010/05/bericht-uber-den-tagungsort-der.html#ixzz0pUtreTkt

....ob es jemals einen "objektiven" Bericht zu den Bilderbergern geben wird :gruebel

31.05.2010, 15:05
28 May 2010

Financial Reform: Day of the Pigmen (http://jessescrossroadscafe.blogspot.com/2010/05/financial-reform-day-of-pigmen.html)

http://3.bp.blogspot.com/_H2DePAZe2gA/TAB94XtnMOI/AAAAAAAANCI/HZaqSIzG-Xo/s400/too%2520pig%2520to%2520fail.jpg (http://3.bp.blogspot.com/_H2DePAZe2gA/TAB94XtnMOI/AAAAAAAANCI/HZaqSIzG-Xo/s1600/too%2520pig%2520to%2520fail.jpg)

I Fratelli Gemelli: Infamia e Disonore

http://3.bp.blogspot.com/_H2DePAZe2gA/TAB_NrTOQ2I/AAAAAAAANCQ/mC8u0hfj3AA/s320/christopher-dodd-richard-shelby-a78d4b3cbf3a1d33_large.jpg (http://3.bp.blogspot.com/_H2DePAZe2gA/TAB_NrTOQ2I/AAAAAAAANCQ/mC8u0hfj3AA/s1600/christopher-dodd-richard-shelby-a78d4b3cbf3a1d33_large.jpg)

Wall Street's War (http://www.rollingstone.com/politics/news/;kw=%5b36899,157778%5d?RS_show_page=0) - Matt Taibbi

Posted by Jesse at 10:36 PM (http://jessescrossroadscafe.blogspot.com/2010/05/financial-reform-day-of-pigmen.html)
http://img1.blogblog.com/img/icon18_email.gif (http://www.blogger.com/email-post.g?blogID=6418112515382102078&postID=6470074337514111838)

31.05.2010, 15:09
Remember (http://jessescrossroadscafe.blogspot.com/2010/05/remember.html)

http://1.bp.blogspot.com/_H2DePAZe2gA/TAB9Hb8h-DI/AAAAAAAANCA/J_uhrrVXymI/s400/arlington.jpg (http://1.bp.blogspot.com/_H2DePAZe2gA/TAB9Hb8h-DI/AAAAAAAANCA/J_uhrrVXymI/s1600/arlington.jpg)

"Judge of the Nations, spare us yet.
Lest we forget—lest we forget."

"The Revolution was effected before the War commenced. The Revolution was in the minds and hearts of the people; a change in their religious sentiments of their duties and obligations ... This radical change in the principles, opinions, sentiments, and affections of the people was the real American Revolution." John Adams Posted by Jesse at 5:05 PM (http://jessescrossroadscafe.blogspot.com/2010/05/remember.html)
http://img1.blogblog.com/img/icon18_email.gif (http://www.blogger.com/email-post.g?blogID=6418112515382102078&postID=6561268493322005874)

31.05.2010, 20:08
10 DEAD ON AID SHIP AFTER BOTCHED ISRAELI RAID (http://www.huffingtonpost.com/2010/05/31/gaza-flotilla-attacked-is_n_595239.html)
INTERNATIONAL OUTCRY.. ISRAEL ALLY TURKEY PULLS AMBASSADOR.. (http://www.huffingtonpost.com/2010/05/31/israel-boat-raid-sparks-i_n_595275.html) VIDEO FROM RAID.. (http://www.huffingtonpost.com/2010/05/31/mavi-marmara-video-israel-news-gaza-flotilla_n_595250.html) ISRAEL CANCELS OBAMA MEETING.. (http://www.huffingtonpost.com/2010/05/31/gaza-flotilla-attacked-is_n_595239.html) WHITE HOUSE EXPRESSES CONCERN (http://www.huffingtonpost.com/2010/05/31/gaza-boat-raid-obama-admi_n_595287.html)



MJ Rosenberg: Flotilla Attack Is Israel's Kent State.. (http://www.huffingtonpost.com/mj-rosenberg/obama-no-sucking-up-to-bi_b_594791.html) Foreign Policy: Why The Gaza Boat Deaths Are A Huge Deal.. (http://blog.foreignpolicy.com/posts/2010/05/31/why_the_gaza_boat_deaths_are_a_huge_deal) Marc Lynch: Obama Cannot Ignore This (http://mideast.foreignpolicy.com/posts/2010/05/31/a_gazan_memorial_day) :rolleyes

Comments (4,086) (http://www.huffingtonpost.com/2010/05/31/gaza-flotilla-attacked-israel_n_595239.html#comments)
| Israel (http://www.huffingtonpost.com/news/israel)

31.05.2010, 20:47
Matt Taibbi: Wall Street's War (http://www.rollingstone.com/politics/news/;kw=[36899,157778])

Congress looked serious about finance reform – until America's biggest banks unleashed an army of 2,000 paid lobbyists

By Matt Taibbi
May 26, 2010 9:15 AM EDT

This article originally appeared in RS 1106 from June 10, 2010.

It's early May in Washington, and something very weird is in the air. As Chris Dodd, Harry Reid and the rest of the compulsive dealmakers in the Senate barrel toward the finish line of the Restoring American Financial Stability Act – the massive, year-in-the-making effort to clean up the Wall Street crime swamp – word starts to spread on Capitol Hill that somebody forgot to kill the important reforms in the bill. As of the first week in May, the legislation still contains aggressive measures that could cost once-
indomitable behemoths like Goldman Sachs and JP Morgan Chase tens of billions of dollars. Somehow, the bill has escaped the usual Senate-whorehouse orgy of mutual back-scratching, fine-print compromises and freeway-wide loopholes that screw any chance of meaningful change.....

....viel zu lesen :schwitz

31.05.2010, 22:13
Mirror, Mirror on the Wall, When is the Next AIG to Fall? | Marc Faber

<object width="640" height="385"><param name="movie" value="http://www.youtube.com/v/H0sS6a9RW2E&hl=en_US&fs=1&"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/H0sS6a9RW2E&hl=en_US&fs=1&" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="640" height="385"></embed></object>

u.a. long gold and silver 1:04

"he is the only guy who can tell a room full of people they are doomed and recieve a standing ovation." ../stockselect/stock-board/images/smilies/rolleyes.gif

Zum Original-Beitrag (http://showthread.php3?p=1314808#post1314808)

01.06.2010, 08:37
Militäraktion auf hoher See

Uno verurteilt israelischen Konvoi-Angriff (http://www.spiegel.de/politik/ausland/0,1518,697907,00.html)

Der Druck auf Israel wächst: Der Uno-Sicherheitsrat hat die Gewalt gegen Zivilisten bei dem Militäreinsatz gegen Schiffe mit Hilfslieferungen für Gaza kritisiert. Vor allem die Türkei erhebt schwere Vorwürfe gegen das militärische Vorgehen der Regierung in Jerusalem. mehr... (http://www.spiegel.de/politik/ausland/0,1518,697907,00.html) [ Video (http://www.spiegel.de/video/video-1068011.html) ]

.....Die USA erklärten sich bei dem Uno-Treffen "tief besorgt" :rolleyes über die Entwicklung, übten aber auch Zweifel an dem Vorgehen der Aktivisten. Es gebe bessere Wege, humanitäre Güter an der Gaza-Küste anzuliefern, sagte der stellvertretende US-Botschafter Alejandro Wolff. Es müsse eine Aufklärung der Vorfälle geben......

.....no - we can't :bad nicht einmal bessere Wege :oo

01.06.2010, 08:42
UN SECURITY COUNCIL MEMBERS DEMAND ISRAEL END BLOCKADE (http://www.huffingtonpost.com/2010/06/01/un-security-council-israel-blockade_n_595610.html)
TURKEY: ATTACK ON AID SHIP WAS 'MURDER'.. (http://www.huffingtonpost.com/2010/05/31/israel-boat-raid-sparks-i_n_595275.html) U.S. 'DEEPLY DISTURBED' (http://www.huffingtonpost.com/2010/06/01/un-security-council-israel-blockade_n_595610.html)

http://i.huffpost.com/gadgets/slideshows/7191/slide_7191_95051_large.jpg :bad

9 Killed In 'Bloody, Bungled Takeover'.. (http://www.huffingtonpost.com/2010/05/31/israeli-raid-bloody-bungl_n_595443.html) Video From Raid.. (http://www.huffingtonpost.com/2010/05/31/mavi-marmara-video-israel-news-gaza-flotilla_n_595250.html) Echoes Of Attack On 'Exodus' Ship In 1947.. (http://thelede.blogs.nytimes.com/2010/05/31/echoes-of-raid-on-exodus-ship-in-1947/) Foreign Policy: Why This Is 'A Huge Deal' (http://blog.foreignpolicy.com/posts/2010/05/31/why_the_gaza_boat_deaths_are_a_huge_deal)

Comments (713) (http://www.huffingtonpost.com/2010/06/01/un-security-council-israel-blockade_n_595610.html#comments)
| United Nations (http://www.huffingtonpost.com/news/united-nations)

01.06.2010, 08:45
Starautor Mankell in israelischen Händen (http://www.tagesanzeiger.ch/kultur/buecher/Starautor-Mankell-in-israelischen-Haenden/story/11585311)

http://files.newsnetz.ch/story/1/1/5/11585311/62/teasermedium.jpg (http://www.tagesanzeiger.ch/kultur/buecher/Starautor-Mankell-in-israelischen-Haenden/story/11585311) Der schwedische Krimiautor Henning Mankell und acht seiner Landsleute, die an Bord eines der Gaza-Schiffe waren, wurden in Gewahrsam genommen. Insgesamt sind mindestens 480 Menschen in Haft. Mehr... (http://www.tagesanzeiger.ch/kultur/buecher/Starautor-Mankell-in-israelischen-Haenden/story/11585311)
Aktualisiert vor 1 Minute

Südisrael: Palästinenser bei Kämpfen getötet (http://www.tagesanzeiger.ch/ausland/naher-osten-und-afrika/Suedisrael-Palaestinenser-bei-Kaempfen-getoetet/story/13196510)
Starautor auf geentertem Gaza-Schiff (http://www.tagesanzeiger.ch/kultur/buecher/Starautor-auf-geentertem-GazaSchiff/story/13439746)
Israel hat 480 Aktivisten in Haft (http://www.tagesanzeiger.ch/ausland/naher-osten-und-afrika/Israel-hat-480-Aktivisten-in-Haft/story/24049524)

«Die Soldaten sollten Leute töten, um andere abzuschrecken» (http://www.tagesanzeiger.ch/ausland/naher-osten-und-afrika/Die-Soldaten-sollten-Leute-toeten-um-andere-abzuschrecken/story/26058937)

http://files.newsnetz.ch/story/2/6/0/26058937/6/teasermedium.jpg (http://www.tagesanzeiger.ch/ausland/naher-osten-und-afrika/Die-Soldaten-sollten-Leute-toeten-um-andere-abzuschrecken/story/26058937) Der Palästinenser Jamal Zahalka ist Abgeordneter in der Knesset, dem Parlament Israels. Die Militäraktion hat ihn nicht überrascht. Mehr... (http://www.tagesanzeiger.ch/ausland/naher-osten-und-afrika/Die-Soldaten-sollten-Leute-toeten-um-andere-abzuschrecken/story/26058937)

Von Susanne Knaul, Jerusalem. Aktualisiert um 06:37 Uhr

Türkei zieht Botschafter aus Israel ab (http://www.tagesanzeiger.ch/ausland/naher-osten-und-afrika/Tuerkei-zieht-Botschafter-aus-Israel-ab/story/18257453)
Israel tötet Aktivisten – weltweite Kritik (http://www.tagesanzeiger.ch/ausland/naher-osten-und-afrika/Israel-toetet-Aktivisten--weltweite-Kritik/story/15164898)
«Israel wollte ein Exempel statuieren» (http://www.tagesanzeiger.ch/ausland/naher-osten-und-afrika/Israel-wollte-ein-Exempel-statuieren/story/18192593)

01.06.2010, 08:59
from Jesse's blog :cool

http://3.bp.blogspot.com/_H2DePAZe2gA/S_wjFYSbG1I/AAAAAAAAM9Q/gqNwSgdu4Hw/s320/lloydflag.jpg http://2.bp.blogspot.com/_H2DePAZe2gA/S_XKieDBcdI/AAAAAAAAM24/J1zdNPPm-uU/s320/WallStreetBull.JPG http://3.bp.blogspot.com/_H2DePAZe2gA/S-mW5T8a2OI/AAAAAAAAMxI/KPNvsZp7E44/s320/lloydblaster.JPG http://3.bp.blogspot.com/_H2DePAZe2gA/S-MWXy_yYWI/AAAAAAAAMtg/5fCR5VYjBPk/s320/monkeys.jpg http://4.bp.blogspot.com/_H2DePAZe2gA/S_XMmflvhOI/AAAAAAAAM3I/5KRpDOFteVo/s400/bankersangst2.JPG

01.06.2010, 11:06

Zum Original-Beitrag (http://showthread.php3?p=1314912#post1314912)

01.06.2010, 16:20
'Rachel Corrie' Aid Ship Headed Toward Gaza (http://www.huffingtonpost.com/2010/06/01/rachel-corrie-aid-ship-he_n_595816.html)

First Posted: 06- 1-10 08:47 AM | Updated: 06- 1-10 09:44 AM

http://i.huffpost.com/gen/170559/thumbs/s-RACHEL-CORRIE-large.jpg UNITED NATIONS (AP) -- The U.N. Security Council called early Tuesday for an "impartial" investigation of Israel's deadly commando raid on ships taking humanitarian aid to the Gaza Strip and condemned the "acts" that resulted in the loss of at least nine lives.

After an emergency meeting and marathon negotiations that lasted nearly 12 hours, the 15 council members finally agreed on a presidential statement. It was weaker than what was initially demanded by the Palestinians, Arabs and Turkey because of objections by the United States, Israel's closest ally.

The Islamic nations had called for condemnation of Monday's attack by Israeli forces on the flotilla "in the strongest terms" and "an independent international investigation."

But the presidential statement that was finally agreed to and read at a formal council meeting instead called for "a prompt, impartial, credible and transparent investigation conforming to international standards." And it only condemned "those acts" that resulted in deaths, without naming Israel.......

....hoffentlich nicht noch ein Blutbad :rolleyes:(

01.06.2010, 17:16
Kronprinzessin für den Einzug auf Schloss Bellevue (http://www.tagesanzeiger.ch/ausland/europa/Kronprinzessin-fuer-den-Einzug-auf-Schloss-Bellevue/story/27352216) :confused

http://files.newsnetz.ch/story/2/7/3/27352216/17/teasermedium.jpg (http://www.tagesanzeiger.ch/ausland/europa/Kronprinzessin-fuer-den-Einzug-auf-Schloss-Bellevue/story/27352216) Die Anzeichen verdichten sich, dass im Amt des Deutschen Bundespräsidums erstmals eine Frau Einsitz nimmt. Mehr... (http://www.tagesanzeiger.ch/ausland/europa/Kronprinzessin-fuer-den-Einzug-auf-Schloss-Bellevue/story/27352216)
Aktualisiert vor 9 Minuten

Köhler beschert der Kanzlerin neuen Ärger (http://www.tagesanzeiger.ch/ausland/europa/Koehler-beschert-der-Kanzlerin-neuen-rger/story/18439004)

01.06.2010, 17:22
International: 1. Juni 2010, 14:24

Israel sieht keinen Grund für Entschuldigung (http://www.nzz.ch/nachrichten/international/israel_sieht_keinen_grund_fuer_entschuldigung_1.5851555.html) :bad

Erdogan fordert Bestrafung Israels (http://www.nzz.ch/nachrichten/international/israel_sieht_keinen_grund_fuer_entschuldigung_1.5851555.html)

Israel sieht nach der Erstürmung eines internationalen Hilfskonvois im Mittelmeer mit neun Toten keinerlei Grund für eine Entschuldigung. Der türkische Ministerpräsident Erdogan bezeichnete das Vorgehen als Massaker und forderte eine Bestrafung Israels. (http://www.nzz.ch/nachrichten/international/israel_sieht_keinen_grund_fuer_entschuldigung_1.5851555.html) ...http://www.nzz.ch/static-images/headline_topic_more.gif (http://www.nzz.ch/nachrichten/international/israel_sieht_keinen_grund_fuer_entschuldigung_1.5851555.html)

http://www.nzz.ch/static-images/news_readmore.gif Uno-Sicherheitsrat: Schwere Vorwürfe (http://www.nzz.ch/nachrichten/international/schwere_vorwuerfe_gegen_israel_im_sicherheitsrat_1.5847473.html)
http://www.nzz.ch/static-images/news_readmore.gif Dossier: Konflikt im Nahen Osten (http://www.nzz.ch/magazin/dossiers/konflikt_im_nahen_osten_2.17363)

01.06.2010, 17:24
U.S. Officials: Al Qaeda No. 3 Killed (http://www.huffingtonpost.com/2010/05/31/al-qaeda-number-three-reported-killed_n_595561.html)

http://i.huffpost.com/gen/170549/thumbs/s-SHEIKH-SAID-ALMASRI-large300.jpg (http://www.huffingtonpost.com/2010/05/31/al-qaeda-number-three-reported-killed_n_595561.html)
Predator Drone Strike Also Kills His Wife, Three Of His Daughters, Granddaughter (http://www.huffingtonpost.com/2010/05/31/al-qaeda-number-three-reported-killed_n_595561.html)

Andy Borowitz: U.S. Kills Al-Qaeda's Number 3 for Nine Thousandth Time (http://www.huffingtonpost.com/andy-borowitz/us-kills-al-qaedas-number_b_595755.html)

Comments (1,565) (http://www.huffingtonpost.com/2010/05/31/al-qaeda-number-three-reported-killed_n_595561.html#comments)

01.06.2010, 18:06
PHOTO: Massive Guatemala Sinkhole Swallows Building (http://www.huffingtonpost.com/2010/06/01/guatemala-sinkhole-is-mas_n_595877.html)

http://i.huffpost.com/gen/170595/thumbs/s-GUATEMALA-SINKHOLE-large300.jpg (http://www.huffingtonpost.com/2010/06/01/guatemala-sinkhole-is-mas_n_595877.html) :eek:schreck

Comments (369) (http://www.huffingtonpost.com/2010/06/01/guatemala-sinkhole-is-mas_n_595877.html#comments)

01.06.2010, 18:46
14 Amazing Images From $5800 Atlas (PHOTOS, POLL) (http://www.huffingtonpost.com/2010/06/01/14-amazing-images-from-58_n_595419.html)

First Posted: 06- 1-10 07:40 AM | Updated: 06- 1-10 11:44 AM

The Longhorn Miao People


comments(47) (http://www.huffingtonpost.com/2010/06/01/14-amazing-images-from-58_n_595419.html#comments)



02.06.2010, 09:28
A Series Of Lucky Coincidences Involving Goldman Sachs And BP plc (http://www.zerohedge.com/article/series-lucky-coincidences-involving-goldman-sachs-bp-plc)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 06/01/2010 20:54 -0500

Earlier, when observing the US AG disclosure of a civil and criminal investigation into BP plc, we noted in passing that BP's former Chairman, Peter Sutherland (http://www.trilateral.org/membship/bios/ps.htm), who left the firm is a Chairman of Goldman Sachs International. Mr. Sutherland holds some other interesting titles, including a position on the Trilateral Commission, he was a chairman of the London School of Economics in 2008, he is a UN special representative for migration and development; he was the founding director-general of the World Trade Organisation, he had previously served as director general of GATT since July 1993 and was instrumental in concluding the Uruguay GATT Round Negotiations. Needless to say, we focused on the Goldman relationship. When digging deeper, we uncovered some amusing correlations, most notably between the BP plc sellside ratings by Goldman BP analyst Michelle della Vigna and the Goldman Sachs Asset Management holdings of BP plc. These are summarized on the attached chart.

http://www.zerohedge.com/sites/default/files/images/user5/imageroot/GSAM%20BP%20Holdings_0.jpg (http://www.zerohedge.com/sites/default/files/images/user5/imageroot/GSAM%20BP%20Holdings.jpg)

And in case this is not enough, another way to visualize Goldman's rating history, together with price targets on BP is presented below, straight from GS itself:

http://www.zerohedge.com/sites/default/files/images/user5/imageroot/GS%20BP%20PT_0.jpg (http://www.zerohedge.com/sites/default/files/images/user5/imageroot/GS%20BP%20PT.jpg)

As the first chart above demonstrates, there is an "odd" correlation between Goldman's sellside sentiment on the stock, and the amount of stock held by Goldman's asset management arm, especially evident in the days between December 31, 2009 and March 31, 2010, when despite a recent Buy rating attached to the firm, GSAM sold off more than 40% of its stake in the name. On December 31, Goldman held 71 million BP shares, and three months later this number went down 42.5 million. Another oddity is that back in 2008, when GS had the stock at Neutral, GSAM doubled its stake in the firm from 28.8 million shares to 57.3 million days before Ms. della Vigna raised the stock to a Buy, albeit if only for just over a month. Oddly enough, in the half year period when Goldman was telling its clients to Sell the stock, between 3/31/2009 and 10/28/2009, GSAM holdings declined by a whopping -3.9%.

Yet while the fact that GSAM did not follow the recommendations of its very own analyst is not peculiar. We have long pointed out that Goldman does precisely the opposite of what it advises its "clients" to do. What is slightly more troubling is the combination of Mr. Sutherland's departure from BP effective January 1, the release of his fiduciary obligations to BP shareholders, the upgrade of BP by Goldman from Neutral to Buy 4 days before Sutherland's full, and non-conflicted return to the GSI Chairmanship, and last but not least, the dumping of 28 million BP shares by GSAM in the next three months, an act which has saved the asset manager roughly GBP50 million.

We are confident that all of the above is purely coincidental.

57 comments (http://www.zerohedge.com/article/series-lucky-coincidences-involving-goldman-sachs-bp-plc#comments)

...und wie immer :kotzGS :gomad

02.06.2010, 10:05


(http://www.focus.de/kultur/kunst/kunst-bildhauerin-louise-bourgeois-gestorben_aid_514383.html)Bildhauerin Louise Bourgeois gestorben (http://www.focus.de/kultur/kunst/kunst-bildhauerin-louise-bourgeois-gestorben_aid_514383.html) Sie galt als eine der wichtigsten Künstlerinnen der Gegenwart: Die französisch-amerikanische Malerin und Bildhauerin Louise Bourgeois ist im Alter von 98 Jahren gestorben. weiter (http://www.focus.de/kultur/kunst/kunst-bildhauerin-louise-bourgeois-gestorben_aid_514383.html)

02.06.2010, 10:27
Eine zärtliche Begrüssung senkt den Blutdruck

DPA Psychische und emotionale Kräfte haben einen direkten Einfluss auf unseren Körper.

Werner Bartens Körperglück. Droemer-Verlag, München, 320 S., ca. 30 Fr. http://epaper3.tagesanzeiger.ch/ee/taz/ges/2010/06/02/038/article1_1.jpg Ist Ihr Glas eher halb leer als halb voll? Fühlen Sie sich von Ihrem Job gestresst? Und nervt Ihr Partner Sie mehr, als dass er Sie liebt? Dann sollten Sie sich ernsthaft Gedanken machen. Denn das alles ist nicht nur schlecht für Ihre Psyche – sondern kann auch Ihren Körper krank machen. Was klingt wie esoterischer Unsinn, ist von der Wissenschaft mittlerweile eindeutig belegt. In seinem Buch «Körperglück» stellt der Arzt und Medizinjournalist Werner Bartens verblüffende Ergebnisse neuer Studien vor.

Uraltes Wissen

Dass es Verbindungen zwischen Körper und Seele gibt, weiss man seit der Antike. Doch erst in jüngster Zeit haben Wissenschaftler den starken Zusammenhang unter die Lupe genommen – und entdeckt: Unsere Gefühle beeinflussen den Körper, unsere Stimmung schlägt sich in den Organen nieder. «Nicht irgendwann, sondern sofort. Nicht irgendwie, sondern konkret», schreibt Bartens. Freude und Zufriedenheit, Leid und Verzagen verändern nachweislich Zellen und Blutgefässe, Nervenbahnen, Schmerzschwellen, Organe und Moleküle.

«Menschen mit Depressionen werden öfter herzkrank und sterben früher», sagt der Freiburger Psychosomatiker Carl Scheidt. Angst und Stress erhöhen die Gerinnungsneigung, das Blut wird zäher, und zähes Blut verstopft leichter die Adern. «Aus evolutionärer Sicht war es früher sinnvoll, dass während eines Kampfes das Blut dicker wurde», sagt Scheidt. Das führte dazu, dass sich die Wunden schneller wieder verschlossen. Wer aber im Alltag ständig negative Gefühle hegt, unruhig und gestresst ist, hat keine Vorteile – im Gegenteil: Forscher aus Cambridge fanden in einer Untersuchung an fast 20 000 Briten heraus, dass Menschen mit depressiver Neigung fast dreimal so oft an einem Herzinfarkt sterben wie gleichaltrige Nichtdepressive.

Die Art der Belastung führt zu unterschiedlichen Symptomen: Ängste und Phobien provozieren wohl eher Herzrhythmus-Störungen, Ärger und Frustrationen wiederum erhöhen das Risiko für Arteriosklerose, also Probleme mit den Schlagadern. Depressionen können Verkalkungen der Herzkranzgefässe zur Folge haben und schlagen sogar auf die Knochen! Der Mineralgehalt des Skelettsystems wird bei Schwermütigen vermindert. Manche Studien kamen zum Schluss, dass es innerhalb von zehn Jahren unter Depressiven zu 40 Prozent mehr Knochenbrüchen kam.

Optimisten dagegen leben länger. In ihrem Blut schwimmen weniger gefährliche Stoffe. Die Kraft positiver Gedanken kann sogar Schmerz lindern. Nachgewiesen ist auch die starke Kraft von Liebe und Zuneigung: Kardiologen etwa zeigten, dass eine zärtliche Begrüssung durch den Partner den Blutdruck senkt. Forscher aus Cleveland fanden heraus, dass Männer, die sich nicht von ihrer Partnerin geliebt fühlen, deutlich häufiger ein Zwölffingerdarmgeschwür entwickelten. Und die Überlebenschancen bei Frauen mit Brustkrebs sind einer Studie zufolge höher, wenn sie emotionalen Rückhalt von ihrem Partner bekommen. Gibt es Ärger, verhält es sich umgekehrt. Ohne Rückhalt leiden Frauen häufiger an Husten, Schnupfen und Heiserkeit. Auch Wunden verheilen in einer unharmonischen Partnerschaft weniger gut: Denn wer sich im Streit anschreit und abwertet, bei dem sind die Entzündungsfaktoren im Blut erhöht.

Nur Medikamente helfen nicht

Mit «Körperglück» hat Bartens ein eindrucksvolles Buch geschrieben. Anschaulich zeigt er, dass unsere Krankheiten nicht allein blosse Funktionsstörungen des Körpers sind. Er betont aber auch: Alle Krankheiten auf psychische Prozesse zurückzuführen, ist zu kurz gegriffen. Vielmehr will er das Verständnis dafür schärfen, wie stark alles – Körper, Geist und Umfeld – miteinander zusammenhängt. Und wohl auch Mediziner zum Umdenken anregen: Zum Heilen reicht es eben nicht immer, einfach nur Medikamente zu verschreiben.

Silke Katenkamp,


02.06.2010, 10:59
Business: (http://www.huffingtonpost.com/business/) PHOTOS: A Guide To Europe's Massive Debt Crisis (http://www.huffingtonpost.com/2010/06/01/europes-debt-crisis-a-cou_n_596491.html)

http://i.huffpost.com/gen/170824/thumbs/s-EUROPES-DEBT-CRISIS-large300.jpg (http://www.huffingtonpost.com/2010/06/01/europes-debt-crisis-a-cou_n_596491.html)


02.06.2010, 11:11
Krise in Euro-Land

Verein der Versager (http://www.spiegel.de/politik/ausland/0,1518,697410,00.html)

Nicht nur Steuerbetrüger in Griechenland und Hedgefonds haben Europa in die Existenzkrise gestürzt - kräftig mitgeholfen hat die politische Führung in Euro-Land. Sie ist nicht willens ihren Job zu machen. Oder nicht fähig. Ein Kommentar von Hans-Jürgen Schlamp, Brüssel mehr... (http://www.spiegel.de/politik/ausland/0,1518,697410,00.html) [ Forum (http://forum.spiegel.de/showthread.php?t=16504) ]

02.06.2010, 14:25
Ärger mit Reisepässen

Die Nullen aus dem Innenministerium (http://www.spiegel.de/netzwelt/gadgets/0,1518,698133,00.html)

Steht da ein O oder eine 0? Im neuen Reisepasses sieht beides identisch aus. Viele USA-Reisende verwechseln deshalb beim elektronischen Visa-Antrag die Ziffer mit dem Buchstaben - und bekommen Stress bei der Einreise. Typographie-Experten sind entsetzt über die stümperhafte Schriftgestaltung. Von Konrad Lischka mehr... (http://www.spiegel.de/netzwelt/gadgets/0,1518,698133,00.html) [ Forum (http://forum.spiegel.de/showthread.php?t=16511) ]


02.06.2010, 14:52
[KR47] Keiser Report on Toxic Twins – Oil Spill & Cash Crisis (http://maxkeiser.com/2010/06/01/kr47-keiser-report-on-toxic-twins-oil-spill-cash-crisis/)

June 1st, 2010 by stacyherbert (http://maxkeiser.com/)
Respond (http://maxkeiser.com/2010/06/01/kr47-keiser-report-on-toxic-twins-oil-spill-cash-crisis/#respond)

Stacy Summary: This episode, we compare the BP offshore toxic oil spill crisis to the toxic derivatives spill polluting global financial system. In the second half of the show, Max interviews Heidi Moore of Slate’s TheBigMoney.com (http://www.thebigmoney.com/) about movie futures, financial innovation and financial reform.


02.06.2010, 17:33
'AS A JEW,' I'M ASHAMED (http://www.huffingtonpost.com/2010/06/02/barney-frank-as-a-jew-ashamed_n_597331.html) Senior Democratic Congressman Barney Frank Speaks On Israel Controversy (http://www.huffingtonpost.com/2010/06/02/barney-frank-as-a-jew-ashamed_n_597331.html)

http://i.huffpost.com/gen/170983/thumbs/r-BARNEY-FRANK-huge.jpg (http://www.huffingtonpost.com/2010/06/02/barney-frank-as-a-jew-ashamed_n_597331.html)

Israel Begins Deporting Activists.. (http://www.huffingtonpost.com/2010/06/02/israel-deports-activists-_0_n_597309.html) Group Claims Funding For A Larger Flotilla.. (http://www.haaretz.com/news/diplomacy-defense/activists-we-have-funding-for-another-larger-gaza-flotilla-1.293748)
Turkey Will Normalize Relations If Gaza Blockade Ends.. (http://www.haaretz.com/news/diplomacy-defense/turkey-to-normalize-israeli-ties-if-gaza-blockade-ends-1.293757) NY Times Condemns Blockade (http://www.nytimes.com/2010/06/02/opinion/02wed1.html?ref=opinion)
Fierce Debate In Israeli Parliament: 'Go To Gaza, You Traitor!'.. (http://www.haaretz.com/news/national/likud-mk-to-arab-party-counterpart-go-to-gaza-you-traitor-1.293769) U.S. Torn Between Allies (http://www.nytimes.com/2010/06/02/world/middleeast/02policy.html?hp)

Comments :rolleyes:rolleyes:rolleyes (http://www.huffingtonpost.com/2010/06/02/barney-frank-as-a-jew-ashamed_n_597331.html#comments)
| Israel (http://www.huffingtonpost.com/news/israel)

02.06.2010, 17:49
02 June 2010

Bank of Canada Becomes First of G7 to Raise Interest Rates (http://jessescrossroadscafe.blogspot.com/2010/06/bank-of-canada-becomes-first-of-g7-to.html)

Interesting move by the Bank of Canada to raise, albeit cautiously, its key interest rate by 25 basis points to .50%.

The reason for the increase is the obvious 6.1% growth in 1st quarter GDP led largely by housing and consumer spending, counterbalanced by slack inflation and wage growth.

So, Banque du Canada wishes to take a little off the top of its own housing bubble, and please its friends in the US by strengthening its currency against the dollar, so as to not further imbalance the significant exporting activity between the two trading partners.

I doubt very much that Canada will raise again in July, especially as the non-recovery in the US becomes more apparent. As I recall Canada fared much better in the last Great Depression because their more conservative banking sector required less reform, and offered less damage to the real economy. It appears that this will work in their favor again, despite some looming problems perhaps in housing.

Still, it is interesting to see the commodity strong countries like Australia and Canada raising rates even while Europe and the US economies remain wobbly.

Bank of Canada Press Release (http://www.bankofcanada.ca/en/fixed-dates/2010/rate_010610.html)
Bank of Canada increases overnight rate target to 1/2 per cent and re-establishes normal functioning of the overnight market

OTTAWA – The Bank of Canada today announced that it is raising its target for the overnight rate by one-quarter of one percentage point to 1/2 per cent. The Bank Rate is correspondingly raised to 3/4 per cent and the deposit rate is kept at 1/4 per cent, thus re-establishing the normal operating band of 50 basis points for the overnight rate.

The global economic recovery is proceeding but is increasingly uneven across countries, with strong momentum in emerging market economies, some consolidation of the recovery in the United States, Japan and other industrialized economies, and the possibility of renewed weakness in Europe. The required rebalancing of global growth has not yet materialized........

Posted by Jesse at 10:42 AM (http://jessescrossroadscafe.blogspot.com/2010/06/bank-of-canada-becomes-first-of-g7-to.html) :verbeug

02.06.2010, 21:58
02 June 2010

Obama Gives Hint: Look for a Hot Jobs Number on Friday (http://jessescrossroadscafe.blogspot.com/2010/06/obama-gives-hint-look-for-hot-jobs.html)

http://3.bp.blogspot.com/_H2DePAZe2gA/TAanDgKQU0I/AAAAAAAANFw/EGoJChGbhnQ/s400/elmer-gantry-le-charlatan.jpg (http://3.bp.blogspot.com/_H2DePAZe2gA/TAanDgKQU0I/AAAAAAAANFw/EGoJChGbhnQ/s1600/elmer-gantry-le-charlatan.jpg)Since he is the commander-in-chief of the Washington bureaucracy that churns out government statistics, it is a good bet that the boss' expectations will be met by those who serve him. So watch those short positions into this Friday's Non-Farm Payrolls report. The President has declared that an economic recovery is at hand.

Obama gave a longish speech at Carnegie Mellon University in Pittsburgh today blaming most of the problems in the US on the Republicans and a few greedy Banks, extolling the fine reforms in healthcare and the financial system that he has been able to push through despise the minority opposition, and recalcitrant leftish supporters, after he saved the country by the unfortunate but unavoidably necessary bank bailouts.

He speech sounded good. And if you do not look too closely at what is going on, and how things are being run, and the lack of actual reform, you might have had a feel good moment. It was about as effectively staged as the case that George W made to the American people for the invasion of Iraq. And it was probably just as phony and self-serving.

I come away feeling that Lincoln had it exactly right. There will be a die hard group who will never lose faith in their party, or any of their chosen leaders, and will find desperate comfort in partisan blindness.

"If you once forfeit the confidence of your fellow citizens, you can never regain their respect and esteem. It is true that you may fool all of the people some of the time; you can even fool some of the people all of the time; but you can't fool all of the people all of the time." Abraham LincolnBut the great majority of the American people are waking up, and that spells trouble in the November elections for most incumbent politicians. So the pace and velocity of the spin will have to be adjusted. Hence the speech today. And the outlook for the tortured American economic system, and the official descriptions of it.

For a refresher, here is Matt Taibbi's caustic expose of the financial reform process. Wall Street's War (http://www.rollingstone.com/politics/news/;kw=%5b36899,157778%5d?RS_show_page=0)

Dow Jones Newswire (http://www.nasdaq.com/aspx/stock-market-news-story.aspx?storyid=201006021411dowjonesdjonline000579&title=obama-says-he-expects-strong-us-jobs-report-friday#ixzz0pilXepZP)
Obama Says He Expects Strong US Jobs Report Friday
By Jared A. Favole

WASHINGTON -(Dow Jones)- President Barack Obama, speaking Wednesday at Carnegie Mellon University on the economy, said he expects strong job growth to be reported Friday.

The Labor Department is scheduled to report May's employment statistics Friday. Economists expect the unemployment rate to slide to 9.7% from 9.9% in April and for the report to show the U.S. added as many as 515,000 jobs last month after non farm payrolls rose by 290,000 in April.

Obama said an economy that was "once shrinking at an alarming rate" has now grown for three consecutive quarters and is moving in the right direction.

Posted by Jesse at 2:18 PM (http://jessescrossroadscafe.blogspot.com/2010/06/obama-gives-hint-look-for-hot-jobs.html)
http://img1.blogblog.com/img/icon18_email.gif (http://www.blogger.com/email-post.g?blogID=6418112515382102078&postID=313927269561722997) (http://www.blogger.com/email-post.g?blogID=6418112515382102078&postID=313927269561722997)
....aha :rolleyes

03.06.2010, 08:44
Keynes For Kindergarteners (http://www.zerohedge.com/article/keynes-kindergarteners)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 06/02/2010 21:17 -0500

European Central Bank (http://www.zerohedge.com/taxonomy_vtn/term/9235)
http://www.zerohedge.com/sites/default/files/images/user5/imageroot/Price%20Stability_0.jpg The ECB has released what appears to be a manga-like brainwashing cartoon geared at kindergarteners which in 8 minutes seeks to explain "price stability" within a Keynesian framework (i.e. inflation in the 0-2% range). We assume this is a failsafe precaution, just in case the religious Keynesian teachings during Econ 101 over at Harvard and Cambridge happen to occur at the not so malleable age of 18+. After all, what better way to preempt Hayek's terrorist influence on young and tender minds than to enslave them real early. We wonder if this is not also a post-facto attack at German politicians who are now openly accusing the ECB of pursuing monetization policies which every now and then tend to lead to a Weimar-like conclusion.

55 comments (http://www.zerohedge.com/article/keynes-kindergarteners#comments)
Read more (http://www.zerohedge.com/article/keynes-kindergarteners)
:rolleyes :nw

03.06.2010, 09:00
Golf von Mexiko

BP erleidet neuen Rückschlag im Ölpest-Kampf (http://www.spiegel.de/wissenschaft/natur/0,1518,698423,00.html)

Fotostrecke: 13 Bilder (http://www.spiegel.de/fotostrecke/fotostrecke-55492.html)

BP bekommt die Katastrophe im Golf von Mexiko nicht in den Griff - ein neuer Versuch, den Ölfluss am Meeresgrund einzudämmen, blieb ohne Erfolg. Konzernchef Hayward entschuldigt sich via Facebook für einen Verbal-Ausrutscher. Das Öl könnte schon am Freitag den ersten Touristenort in Florida erreichen. mehr... (http://www.spiegel.de/wissenschaft/natur/0,1518,698423,00.html) [ Forum (http://forum.spiegel.de/showthread.php?t=16190) ] (...viele gute Kommentare)

Vorschläge zur Öl-Bekämpfung: Flut des Halbwissens (http://www.spiegel.de/wissenschaft/natur/0,1518,698279,00.html)

03.06.2010, 09:33
Filmfund in Prag

Erschossen am Straßenrand (http://einestages.spiegel.de/external/ShowTopicAlbumBackground/a9842/l1/l0/F.html#featuredEntry)

Die Flüchtlinge wurden vor einem Kino zusammengetrieben, dann eröffneten Rotarmisten und Milizionäre das Feuer: In Prag ist ein Amateurfilm aufgetaucht, der die gezielte Tötung deutscher Zivilisten im Mai 1945 zeigt. Der Kameramann hielt ihn zeitlebens versteckt. Von Jan Puhl mehr... (http://einestages.spiegel.de/external/ShowTopicAlbumBackground/a9842/l1/l0/F.html#featuredEntry)

.....Krieg - Rache - kein Tier kann so grausam sein wie der Mensch :(

03.06.2010, 09:37
Wie hohe Boni die Leistung beeinflussen (http://www.tagesanzeiger.ch/wirtschaft/unternehmen-und-konjunktur/Wie-hohe-Boni-die-Leistung-beeinflussen/story/13775423)

http://files.newsnetz.ch/story/1/3/7/13775423/16/teaserbreit.jpg (http://www.tagesanzeiger.ch/wirtschaft/unternehmen-und-konjunktur/Wie-hohe-Boni-die-Leistung-beeinflussen/story/13775423) Ein renommierter Verhaltensforscher hat die Behauptung der Banker getestet, wonach hohe Boni aussergewöhnliche Leistungen entschädigen. Seine Ergebnisse demontieren einen Mythos der Finanzwelt. Mehr... (http://www.tagesanzeiger.ch/wirtschaft/unternehmen-und-konjunktur/Wie-hohe-Boni-die-Leistung-beeinflussen/story/13775423)
.....Die Resultate lassen daher vermuten, dass hochbezahlte Bankmanager gerade wegen den hohen Boni schlechtere Arbeit liefern. «Ich würde wetten, dass für die meisten Banker ein Multimillionendollar-Bonus kontraproduktiv ist, weil er Stress und Ängste hervorruft, um den Bonus nicht zu verpassen. Der Gedanke daran lenkt von den eigentlichen Aufgaben ab......
Von Markus Diem Meier (http://www.tagesanzeiger.ch/stichwort/autor/markus-diem-meier/s.html). // Aktualisiert vor 51 Minuten

03.06.2010, 09:44
Obama will Steuergeschenke für Ölkonzerne streichen (http://www.tagesanzeiger.ch/ausland/amerika/Obama-will-Steuergeschenke-fuer-lkonzerne-streichen/story/14609223?dossier_id=588)

http://files.newsnetz.ch/story/1/4/6/14609223/9/teasermedium.jpg (http://www.tagesanzeiger.ch/ausland/amerika/Obama-will-Steuergeschenke-fuer-lkonzerne-streichen/story/14609223?dossier_id=588) Der amerikanische Präsident fordert den Kongress auf, Ölfirmen die Steuererleichterungen zu streichen – und schlägt vor, das Geld woanders einzusetzen. Mehr... (http://www.tagesanzeiger.ch/ausland/amerika/Obama-will-Steuergeschenke-fuer-lkonzerne-streichen/story/14609223?dossier_id=588)
.....Ungeachtet der Ölkatastrophe haben die US-Behörden am Mittwoch erstmals seit Beginn des Unglücks wieder eine Genehmigung für Bohrungen im Golf von Mexiko erteilt :dumm :kopf Die wegen ihrer Nähe zur Industrie in die Kritik geratene Regulierungsbehörde Minerals Management Service vergab die Erlaubnis an das Unternehmen Bandon Oil and Gas für Bohrungen in 50 Kilometern Entfernung vor der Küste des Staates Louisiana in etwa 35 Metern Tiefe. Aus dem Leck treten Tag für Tag Millionen Liter Öl aus.....(...no we can't :bad)

Aktualisiert um 07:23 Uhr

....da fragt man sich wirklich warum ausgerechnet Ölfirmen mit horrenden Gewinnen Steuergeschenke überhaupt erhalten sollten :dumm ...und weiterhin Bohrungen zu genehmigen :dumm :gomad:gomad:gomad

03.06.2010, 09:48
Aktien von Halliburton und BP tauchen auf (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/Aktien-von-Halliburton-und-BP-tauchen-auf/story/25722268?dossier_id=588)

http://files.newsnetz.ch/story/2/5/7/25722268/11/teasermedium.jpg (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/Aktien-von-Halliburton-und-BP-tauchen-auf/story/25722268?dossier_id=588) Beflügelt von guten Konjunkturdaten haben die US-Börsen am Mittwoch deutlich zugelegt. Öl-Werte zählen zu den Gewinnern. Mehr... (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/Aktien-von-Halliburton-und-BP-tauchen-auf/story/25722268?dossier_id=588)

Aktualisiert am 02.06.2010

....da mag die Welt zu Grunde gehen - wenn nur der Rubel rollt :bad:gomad

03.06.2010, 11:03
..ein bisschen Erholung :)

03.06.2010, 18:03
This Is The Chart You Need To Watch To See If A European Banking Crisis Really Breaks Out

Joe Weisenthal (http://www.businessinsider.com/author/joe-weisenthal) | Jun. 3, 2010, 8:03 AM | 4,576 |

Image: Deutsche Bank

Yesterday we noted (http://www.businessinsider.com/david-kotok-widening-libor-is-signaling-a-solvency-crisis-not-just-concerned-about-liquidity-2010-6) some analysis from David Kotok of Cumberland Advisors (http://www.cumber.com/) who argued that the European situation was more indicative of a solvency crisis, rather than a liquidity crisis. How come? Because for the most part, the banks aren't tapping the Fed's dollar-swap funding lines, which they would do if they were in need of liquidity.

Indeed, this chart from Deutsche Bank's Peter Hooper puts perspective on this. The swap lines have been re-opened, but their usage is tiny. When you see this start to actually blow up higher, then that will raise some red flags.

Read more: http://www.businessinsider.com/this-is-the-chart-you-need-to-watch-to-see-if-a-european-banking-crisis-really-breaks-out-2010-6#ixzz0po1B5QqR

03.06.2010, 18:26

Defektes Rohr erfolgreich abgeschnitten (http://www.tagesanzeiger.ch/ausland/amerika/Defektes-Rohr-erfolgreich-abgeschnitten/story/18925748)

http://files.newsnetz.ch/story/1/8/9/18925748/22/teasermedium.jpg (http://www.tagesanzeiger.ch/ausland/amerika/Defektes-Rohr-erfolgreich-abgeschnitten/story/18925748) Mit einer Riesenzange haben Ingenieure im Kampf gegen die Ölpest im Golf von Mexiko erstmals das erreicht, was geplant war. Mehr... (http://www.tagesanzeiger.ch/ausland/amerika/Defektes-Rohr-erfolgreich-abgeschnitten/story/18925748)

Aktualisiert um 17:01 Uhr

03.06.2010, 18:31
«In Spanien tickt die Zeitbombe» (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/In-Spanien-tickt-die-Zeitbombe/story/14779030)
http://files.newsnetz.ch/story/1/4/7/14779030/23/teaserbreit.jpg (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/In-Spanien-tickt-die-Zeitbombe/story/14779030) Der Wirtschaftsnobelpreisträger Paul Krugman malte am «Swiss Economic Forum» in Interlaken ein düsteres Bild für den weiteren Verlauf der Krise in Europa. Mehr... (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/In-Spanien-tickt-die-Zeitbombe/story/14779030)
..... Damit das Land der Krise wieder entrinnen könne, müssten die Löhne dort um 20 bis 30 Prozent gesenkt werden...... (in "unserem" Dorf sind die Löhne eh schon ziemlich dürftig :rolleyes)

Von Markus Diem Meier (http://www.tagesanzeiger.ch/stichwort/autor/markus-diem-meier/s.html). Aktualisiert vor 44 Minuten

03.06.2010, 18:42
Panorama: 3. Juni 2010

Virtuell zum Mars und zurück (http://www.nzz.ch/nachrichten/panorama/virtuell_zum_mars_und_zurueck_1.5876376.html)

In Moskau hat die Simulation einer 520-tägigen Reise zum roten Planeten begonnen (http://www.nzz.ch/nachrichten/panorama/virtuell_zum_mars_und_zurueck_1.5876376.html)

Russische, europäische und chinesische Wissenschafter haben in Moskau eine weitere Etappe des Projekts «Mars 500» gestartet. Für 520 Tage werden sechs Besatzungsmitglieder einer «virtuellen» Raumfähre den Weg zum Mars und zurück simulieren. (http://www.nzz.ch/nachrichten/panorama/virtuell_zum_mars_und_zurueck_1.5876376.html) ...http://www.nzz.ch/static-images/headline_topic_more.gif (http://www.nzz.ch/nachrichten/panorama/virtuell_zum_mars_und_zurueck_1.5876376.html)

http://www.nzz.ch/images/mars_500_raumanzug_2010_small_1.5877374.1275578148.jpg (http://www.nzz.ch/nachrichten/panorama/virtuell_zum_mars_und_zurueck_1.5876376.html) :eek:rolleyes

03.06.2010, 18:48
...eigentlich hatte ich mir vorgenommen nix von dieser Frau zu posten - aber sie ist so unglaublich :dumm dass man die Fassung verlieren kann :rolleyes:mad:kopf

Green: (http://www.huffingtonpost.com/green/) Sarah Palin Blames Environmentalists For Gulf Oil Disaster (http://www.huffingtonpost.com/2010/06/03/sarah-palin-blames-enviro_n_598977.html)

http://i.huffpost.com/gen/108854/thumbs/s-SARAH-PALIN-large300.jpg (http://www.huffingtonpost.com/2010/06/03/sarah-palin-blames-enviro_n_598977.html)http://s.huffpost.com/images/hoton_twitter3.png (http://www.huffingtonpost.com/2010/06/03/sarah-palin-blames-enviro_n_598977.html)

Comments (4,063) (http://www.huffingtonpost.com/2010/06/03/sarah-palin-blames-enviro_n_598977.html#comments)
| Gulf Oil Spill (http://www.huffingtonpost.com/news/bp-oil-spill)

californiademo (http://www.huffingtonpost.com/social/californiademo?action=comments) 0 minute ago (12:40 PM)
Amazing! Just when I thought she couldn't possibly make any less sense, she goes and bests her old record for not making sense. By golly, it's all those environmentalists who must be held responsible for oil spills and ruptures. I knew they were up to something! They didn't fool ME with all that hippie-talk about taking good care of the planet, extracting needed resources safely, and such. Who do they think they're dealing with here? Yep, they're in on the conspiracy, as surely as the commies orchestrated the collapse of the Soviet Union just to distract us from their nefarious plot to bring down America through fluoridation of the water supply.... Oh, they're clever -- clever, I tells ya!

http://external.ak.fbcdn.net/safe_image.php?d=591664931463d008c13c32af7ec05bae&url=http%3A%2F%2Fprofile.ak.fbcdn.net%2Fv230%2F1011%2F86%2Fq1401831879_7426.jpg&logo&v=5 (http://www.huffingtonpost.com/social/grammy11?action=comments) HUFFPOST SUPER USER
grammy11 (http://www.huffingtonpost.com/social/grammy11?action=comments) 0 minute ago (12:40 PM)
And in the meantime, off shore drilling begins today in Alaska. Wonder how much she and Lisa will make on this one.

http://i.huffpost.com/profiles/965369-2.png?20100430174048 (http://www.huffingtonpost.com/social/TheShowstopper?action=comments) TheShowstopper (http://www.huffingtonpost.com/social/TheShowstopper?action=comments) 0 minute ago (12:40 PM)

03.06.2010, 19:40
http://www.democraticunderground.com/discuss/images/mesg_add_ignore.gif (http://www.democraticunderground.com/discuss/duboard.php?az=ignore_member&iid=160840&level=three) Thu Jun-03-10 01:14 PM
Response to Original message (http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=4410252&mesg_id=4410252) 27. The Hemline Indicator Flashes Bearish http://upload.democraticunderground.com/discuss/images/avatars/book.gif 6/1/10 The Hemline Indicator Flashes Bearish

The New York Times – A Long, Lean Backlash to the Mini

“There is definitely a movement to a very lengthy look, especially among the young,” said Nevena Borissova, a partner in Curve, a progressive retailer with stores in New York, Los Angeles and Miami. Ms. Borissova favors radically stretched-out skirts and dresses that “drag on the floor, with raw edges, and worn with combat boots,” she said. And as she pointed out, these myriad calf- or ankle-grazing iterations of the milelong skirt bear no relation to “Big Love” or, for that matter, the Summer of Love. There is nothing remotely prim or saccharine about the latest interpretations of this look, with their distinctly urban overtones. Current versions, even the most languid, are likely to be toughened up with a military parka or a biker jacket and thick-soled shoes. A muted, and at times ascetic, successor to the sweet-as-a-bonbon, Hamptons-worthy maxi-dresses that first alighted on downtown streets a couple of summers ago, the new maxis are more Morticia than Ophelia. They are “darker and more sophisticated” than last summer’s flounced beach dresses, said Morgan Yakus, a partner in No.6, a haven for style-setters in downtown Manhattan.


The “Hemline Index” was first developed by technical analyst/economist George Taylor in 1926. It gained popularity around the 1929 stock market crash. The theory states that the stock market rises and falls with women’s hemlines. Below is a famous graphic depicting the stock market and hemlines from 1897 to 1990 constructed by Alan Shaw’s legendary technical analysis group at Smith Barney.

If this theory still holds, the story above is a bearish indicator for the stock market.

chart by SmithBarney

http://www.ritholtz.com/blog/2010/06/the-hemline-indica... (http://www.ritholtz.com/blog/2010/06/the-hemline-indicator-flashes-bearish) /

5/26/10 A Long, Lean Backlash to the Mini

03.06.2010, 20:23
Jetzt kümmern sich die Staatsanwälte um BP Das Auffangsystem Lower Marine Riser Package (LMRP)


03.06.2010, 20:38
Augenzeuge Mankell über Gaza-Vorfall

"Die Israelis hätten auf die Schiffsschrauben zielen können" (http://www.spiegel.de/kultur/gesellschaft/0,1518,698616,00.html)

Eigentlich sollte er seinen neuen Roman vorstellen. Doch jetzt wird Henning Mankells Lesetour zum politischen Statement: In Berlin berichtete der Krimiautor von seinen Erlebnissen an Bord der Gaza-Hilfsflotte während des israelischen Angriffs - und präsentierte neben Fakten auch Ressentiments. Von Reinhard Mohr mehr... (http://www.spiegel.de/kultur/gesellschaft/0,1518,698616,00.html) [ Video (http://www.spiegel.de/video/video-1068654.html) ]

......Alle Funkverbindungen seien von der israelischen Armee gekappt worden, so dass die Kommunikation unter den Schiffsbesatzungen unmöglich war. So habe er erst im Flugzeug von den Todesopfern erfahren. Auf der "Sophie" habe es jedenfalls keinerlei Widerstand der Passagiere gegeben. Allein israelische Soldaten hätten mit einer Elektroschockpistole mehrere Besatzungsmitglieder niedergestreckt. Bei der anschließenden Durchsuchung des Boots präsentierten die Israelis Nassrasierer und Brieföffner als "Waffen"...... :rolleyes:gomad

03.06.2010, 21:21
From The Times

June 3, 2010

Secretive Bilderberg Club ready for protests

Graham Keeley, Barcelona

25 Comments (http://www.timesonline.co.uk/tol/news/world/europe/article7142478.ece#comment-have-your-say)
What are the top 10 conspiracy theories? (http://www.thetimes.co.uk/tto/news/uk/article1924674.ece) Find out at our new website, www.thetimes.co.uk (http://www.thetimes.co.uk/)

Splash! Could that be the sound of Lord Mandelson hitting one of the Dolce hotel’s four pools? Or Robert Zoellick of the World Bank? Paul Volcker of the US Economic Recovery Advisory Board? Or merely the euro taking another dive?

That is the thing about the Bilderberg group’s top secret meetings: you never know quite what is going on behind the police checkpoints.

Across the world, secretaries to the rich and the powerful have blocked out the next three days in their bosses’ calendars for their annual gathering, this time at the Dolce in Sitges, one of Spain’s most exclusive resorts.....

full story: http://www.timesonline.co.uk/tol/news/world/europe/article7142478.ece

....ist auch nicht eben erhellend :rolleyes


03.06.2010, 21:22
...da lob ich mir ein warmes Bad :supi ;)


04.06.2010, 08:51
Krugman: «Die Schweiz ist wie China und Israel» (http://www.cash.ch/news/front/krugman_die_schweiz_ist_wie_china_und_israel-914994-449)

http://www.cash.ch/services/img/play/235/6634_Krugman%5FPaul.jpg (http://www.cash.ch/video/start.php?firstProjectID=16628) Aktualisiert vor 10 Minuten

Starökonom und Wirtschaftsnobelpreisträger Paul Krugman äussert sich im cash-Video und im Interview über Inflation, über die Schweiz, die SNB-Politik und warum Griechenland wahrscheinlich aus dem Euroraum fliegt. mehr » (http://www.cash.ch/news/front/krugman_die_schweiz_ist_wie_china_und_israel-914994-449)

http://www.cash.ch/css/cssimg/icons/img_video.gifPaul Krugman in Interlaken (Auszug aus Rede) mehr » (http://www.cash.ch/video/start.php?firstProjectID=16628)
:rolleyes:nw Herr Krugman ist irgendwie nicht mein Ding :oo

04.06.2010, 09:50
US Citizen Killed During Gaza Flotilla Raid (http://www.zerohedge.com/article/us-citizen-killed-during-gaza-flotilla-raid)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 06/03/2010 16:43 -0500
It is one thing for a country to attack a boat somewhere out of sight (and soon out of mind, as the collective American memory fades after 24 hours, whether it is geopolitical, or 1,000 point Dow crashes) in which the people killed are foreigners: the administration can talk up its teleprompter game which achieves nothing, but gives the impression of action (very much the same as what is happening in the Gulf), until people, sick of the spectacle, desire to move on. However, when a US citizen has been shot and killed during an armed incident in international waters, well, then talking ain't gonna cut it. It appears this is precisely what happened during the Gaza flotilla raid: "The U.S. confirmed that an American citizen, identified as 19-year-old Furkan Dogan, was killed by multiple gunshots during the Israeli raid on a flotilla carrying activists attempting to run a blockade of the Gaza Strip ." To quote Marcus from Bad Boys: "Shit just got real (http://www.youtube.com/watch?v=IUH3JQjcweM)."

548 comments (http://www.zerohedge.com/article/us-citizen-killed-during-gaza-flotilla-raid#comments)
Read more (http://www.zerohedge.com/article/us-citizen-killed-during-gaza-flotilla-raid)

...ein lesenswerter Kommentar :cool

http://www.zerohedge.com/sites/default/files/pictures/picture-1731.pngby chumbawamba

on Fri, 06/04/2010 - 00:36
#393827 (http://www.zerohedge.com/article/us-citizen-killed-during-gaza-flotilla-raid#comment-393827)

Not sure what you said since your comment was junked to oblivion, but having read previous comments of yours, and being a comrade in golden arms, I have to at least try to educate you.

Most Americans grew up on the following myths:

1) There's no such thing as a Palestinian as there was never such place called "Palestine". Also, Palestine was barren of people, and the Jews came in to create a state out of an unused desert deadscape, "a land without a people for a people without a land";

2) Israel is the only democracy in the Middle East;

3) Israel just wants to live in peace but the Arabs just want the destruction of all Jews, hence the problem is blood-thirsty Arabs;

4) Jews are a race and because of the discrimination suffered by Jews throughout history they should get their own country;

Let's look at the problem with all these myths. If you're even slightly informed about the history of Palestine, from reputable authors that have been vetted by their peers, you already know that all of these assertions are silly.

If any of your knowledge is based on sources such as Joan Peters or Alan Douchewitz nee Dershowitz or Thomas Friedman then are you worse than uninformed: you are misinformed. In the absence of any other input, anything you might say in regards to the conflict will likely be so egregiously incorrect as to make you a clown for regurgitating it.

You don't necessarily need to know the history to deduce that these assertions are silly. Palestine is a land mentioned in the Bible extensively. It's where Jerusalem is, FFS. That area of the world to one extent or another has been inhabited continuously since Biblical times. Of course people were there when the Zionists showed up. This is extensively documented by even Jewish historians and is not in dispute. Bernard Lewis, a classic "orientalist" writes about Palestine under the Ottomans in 1550:

From the mass of detail in the registers, it is possible to extract something like a general picture of the economic life of the country in that period. Out of a total population of about 300,000 souls, between a fifth and a quarter lived in the six towns of Jerusalem (http://en.wikipedia.org/wiki/Jerusalem), Gaza (http://en.wikipedia.org/wiki/Gaza), Safed (http://en.wikipedia.org/wiki/Safed), Nablus (http://en.wikipedia.org/wiki/Nablus), Ramle (http://en.wikipedia.org/wiki/Ramla), and Hebron (http://en.wikipedia.org/wiki/Hebron). The remainder consisted mainly of peasants, living in villages of varying size, and engaged in agriculture. Their main food-crops were wheat and barley in that order, supplemented by leguminous pulses, olives, fruit, and vegetables. In and around most of the towns there was a considerable number of vineyards, orchards, and vegetable gardens.

In 1890, the beginning of the Zionist movement, the population of Palestine was over half a million, with the vast majority being Muslim, about 11% Christian, and 8% being Jewish. Note, these were all basically Arabs. These were not Europeans Jews that began to arrive later as the zionist movement picked up steam and then the later influx from the Holocaust.


The bottom line is that the land was hardly barren. It harboured a thriving culture of Arab Muslims, Christians and Jews living in harmony. Of course the myths fractal off from here, as they do with all of them. You refute it, the zionists come back with something else: the Jews bought the land they inhabited, the Jews under Arab rule were treated as second class citizens, the Arabs were backwards until the Jews brought civilization to them, etc. This is just bigoted, racist obfuscation. The historical record is there for you to read, and I can't rebut everything, suffice it to say that the land of Palestine was hardly empty when the state of Israel was created out of it.

As far as being the "only" democracy in the Middle East, let alone an actual democracy (it's really a theocratic militocracy), this is easily refutable horseshit. Lebanon has had a parliamentary system of government since the 1940s when it gained independence.


And guess what? We just spent a trillion dollars (that we know of) installing a (albeit sham) democracy in Iraq. Even though Turkey is a wannabe Euro country, or used to be until they gained self-respect, is primarily Muslim and a parliamentary republic.

Another one bites the dust. Moving on...

Most Americans are fed a steady diet of crap news from the likes of CNN, Fox, MSNBC, ABC, CBS, NBC, etc. You'll never get the real story from these sources about ANYTHING. They are government propaganda. You know this if you're a gold bug or if you're a truth seeker because you know what kind of bullshit they spew about the banking system, our government, etc. So why should it be any different about Israel?

Do this: next time you see a story about Israel on any of the above named sources, watch how the Israeli side of the story is told in explicit detail, by Israelis themselves, or pundits sympathetic to Israel (to say the least), and with a preponderance of the on air time. When it comes to the Palestinian side, you'll be hard pressed to get a quote out of an actual Palestinian. Instead, you'll hear from pundits, most of them Jewish American, who will tell the Palestinian story for them. Don't believe me? Just watch for yourselves while keeping this in mind. You'll wonder why you never noticed it before.

So now, when it comes to the myth that Israel is just trying to make peace while the Arabs just want to "push the Jews into the sea", you only fail to notice that Israel is almost always the aggressor or the initiator of violence because of the above described spin. You never hear the Palestinian side of the story. Furthermore, pay particular attention to the wording used to describe outbreaks of violence or war. Israel always, ALWAYS "retaliates". They never initiate. Israel is always "defending herself" (oh I hate it when they use the feminine in reference to that vile entity). The Palestinians always "attack", "bomb", "infiltrate", etc. They are always the nameless, faceless savages who strap bombs to themselves and blow up Israeli civilians because it's a quick way to the 72 virgins awaiting them in heaven (another myth this 72 virgins thing, I've mentioned this before; a quick google search dispels it). What you almost never hear about is the Israeli bombing or missile attack or "incursion" (translation: invasion) or shooting that killed a Palestinian that provokes a response from the Palestinians. Especially over the past 5 years or so, most violence that breaks out, the vast majority in fact, was initiated by Israel, but it is reported in the American press as being started by Palestinians. Also, it isn't the siege of Gaza that is the problem, it's those "savage" "so-called peace activists" that attacked the Israeli commandos as they peacefully descended onto the boat to take it by force in an act of piracy, etc. The issue is always framed as the Israelis defending themselves, even when it's patently obviously in this case that they were the mother fucking aggressor.

If you read enough articles about the Palestinian/Israeli war, you start to notice these things. In the New York times, the first 15-20 paragraphs will be about how the Palestinians did something to provoke an Israeli "response" or "retaliation", and it is until paragraph 22 or whatever that you learn that, in fact, Israel shot or killed or arrested someone or demolished a house a few days before, and the Palestinian attack was a reaction to this provocation. Don't take my word for it. Pay attention to this the next time you read an article by the mainstream press.

The fact is that peace has been close at hand on numerous occasions but in all cases Israel did something to thwart the process. An article that's useful despite its age in demonstrating this is "Debunking 6 Common Israeli Myths":


Read the section on Myth 5: Ehud Barak's "generous" offer at Camp David.

Also, Israel violated the truce that was in place between them and Hamas in Gaza:


I'm not saying the Palestinians never initiate violence, but the myth is that they always do, if you only listen to Israeli spin, which is all you're ever fed from the MSM.


If Jews are a race then why aren't Scientologists? Or Jehovah's Witnesses? What happens when an Asian converts to Judaism? Does their DNA suddenly transmogrify into Semetic genes? Enough said on that. And if Jews deserve a homeland, why not these other religious groups? And if they want their own homeland, fine, but why do they have to steal someone else's? Because they have a 2,000 year old claim on it? If that's the case, everyone has a claim on every spot of Earth and everyone is a squatter where ever they live. Put 2 and 2 together. It's not hard.

Why did the Jews immigrate en masse to Palestine during WWII? The Allies won the war. We could've repatriated the Jews. Why didn't we? We could've made the German people do whatever the fuck we told them to. If we told them they were going to have Jewish neighbors then fuck all, they were going to accept it and like it. So why did they all emigrate to Palestine, a fucking shithole compared to where they were born? The dirty secret is that non-Jewish Europeans were in the main anti-Jewish. They didn't want them. Americans didn't much care for them either. Truman didn't really give a shit about the Jews; all one need do is read the various historical accounts of his deliberations over whether to recognize Israel if a state was declared. The fact is, the only reason the Jews were made to go to Israel is because the WASPs didn't much care for the Jews, and they cared less about the Arabs that they woud displace.

So, DoChenRollingBearing, why should you care? Because the tax dollars that are extorted out of you go to pay for this folly. Your government, which represents you, fully supports and even assists, in complete hypocrisy, Israel's illegal occupation of Palestine, the siege of Gaza, and their constant war mongering and actual acts of war against neighboring states (Iraq, Lebanon, Syria, Jordan, Egypt, etc.) These are acts condemned by most other nations on Earth, yet we, as in I and You, always defend Israel against sanction and condemnation in the UN. Israel goes out and acts like the little shit sidekick of the neighborhood bully, picking fights with everyone and wreaking havoc on the weak and indefensible, because they know that their big brother will always back them up, no matter how fucking psychotic they are. And this, my dear friend, reflects on YOU. Everything Israel does has a stamp of approval of YOU, paid for by YOUR tax dollars, and supported by your willful ignorance of the issue.

I say it often and I'll say it again:

What you sow is what you reap.

If you don't take the time to understand this very basic fact of reality then please don't whine and ask, "Why do they hate us?" the next time we are attacked, because you'll already know the answer.

I am Chumbawamba.

04.06.2010, 10:22
Ölpest im Golf von Mexiko

Roboter stülpen Trichter über abgetrenntes Steigrohr (http://www.spiegel.de/wissenschaft/natur/0,1518,698667,00.html)

BP ist im Kampf gegen die US-Ölpest ein Zwischenerfolg gelungen: Mit Hilfe von Unterwasser-Robotern konnte eine Absaugglocke auf das defekte Steigrohr gesetzt werden. Ob damit aber das Abpumpen gelingt, ist fraglich. Präsident Obama :rolleyes machte seinem Ärger über die Katastrophe im TV-Interview Luft. mehr... (http://www.spiegel.de/wissenschaft/natur/0,1518,698667,00.html) [ Video (http://www.spiegel.de/video/video-1068817.html) | Forum (http://forum.spiegel.de/showthread.php?t=15234) ]

04.06.2010, 10:33
Ein Hauch von Sommer (http://www.tagesanzeiger.ch/panorama/vermischtes/Ein-Hauch-von-Sommer/story/11009626)

http://files.newsnetz.ch/story/1/1/0/11009626/10/teasermedium.jpg (http://www.tagesanzeiger.ch/panorama/vermischtes/Ein-Hauch-von-Sommer/story/11009626) Am kommenden Wochenende wird es in der Schweiz sonnig, warm und meistens trocken. Der Sonntag lockt mit Badi-Wetter – doch ab Montag soll es wieder regnen. Mehr... (http://www.tagesanzeiger.ch/panorama/vermischtes/Ein-Hauch-von-Sommer/story/11009626)

Aktualisiert um 08:07 Uhr

...na dann schnell noch etwas Sonne festhalten ;) vielleicht nicht ganz so extrem :rolleyes

04.06.2010, 10:38
CRIME AGAINST NATURE (http://www.huffingtonpost.com/2010/05/03/gulf-oil-spill-photos-ani_n_560813.html)
Stomach-Turning Photos Show Animals Caught In Oil Spill (http://www.huffingtonpost.com/2010/05/03/gulf-oil-spill-photos-ani_n_560813.html)

http://i.huffpost.com/gen/171739/thumbs/r-OIL-SPILL-huge.jpg (http://www.huffingtonpost.com/2010/05/03/gulf-oil-spill-photos-ani_n_560813.html)

BP Moves To Cap Well.. (http://www.huffingtonpost.com/2010/06/03/cut-and-cap-results-gulf-oil-spill_n_600184.html) Government Still Underestimating
Size Of Spill.. (http://www.huffingtonpost.com/2010/06/03/gulf-oil-spill-latest-fed_n_599615.html) Obama's Updates Didn't Have Spill Estimates.. (http://www.huffingtonpost.com/the-center-for-public-integrity/coast-guard-logs-reveal-e_b_599972.html)
CEO May Be Forced Out.. (http://www.huffingtonpost.com/2010/06/04/bp-ceo-tony-hayward-may-b_n_600247.html) Spill Timeline.. (http://www.huffingtonpost.com/the-center-for-public-integrity/coast-guard-logs-reveal-e_b_599972.html) Join A Meetup.. (http://www.huffingtonpost.com/2010/05/24/meetup-everywhere-work-to_n_585007.html)
BIG NEWS PAGE.. (http://www.huffingtonpost.com/news/gulf-oil-spill) LIVE VIDEO.. (http://www.huffingtonpost.com/2010/05/26/bp-oil-spill-live-feed-vi_n_590635.html) MORE PHOTOS.. (http://www.huffingtonpost.com/2010/04/30/louisiana-oil-spill-2010_n_558287.html)

Comments (7,474) (http://www.huffingtonpost.com/2010/05/03/gulf-oil-spill-photos-ani_n_560813.html#comments)
| Gulf Oil Spill (http://www.huffingtonpost.com/news/bp-oil-spill)
:cry :gomad

04.06.2010, 16:48
http://img2.blogblog.com/img/icon18_edit_allbkg.gif (http://www.blogger.com/post-edit.g?blogID=6418112515382102078&postID=7068667240975381891)
SP Daily Chart: Looking Ugly as Baghdad Barrack Declares Economic Victory (http://jessescrossroadscafe.blogspot.com/2010/06/sp-daily-chart-looking-ugly.html)

http://3.bp.blogspot.com/_H2DePAZe2gA/TAk8keZG9oI/AAAAAAAANGg/TKZ0z5t8CRA/s320/baghdadobama.JPG (http://3.bp.blogspot.com/_H2DePAZe2gA/TAk8keZG9oI/AAAAAAAANGg/TKZ0z5t8CRA/s1600/baghdadobama.JPG) By now you will have heard about the shocking miss on the US Payrolls Number, made even more shocking by the cheerleading that preceded it by the likes of Goldman Sachs(who were probably on the other end of that trade> and by Barack Obama himself.

The administration had nothing constructive to say this morning except for mindless sloganeering by the likes of Christina Romer, Obama's chief on the Council of Economic Advisor, who is unlikely to inspire confidence when delivering even good news, much less a clear sign of economic policy errors and a double dip in the making.

With Romer, Summers, and Geithner, the President has managed to put together the economic scream team. Even Volcker is starting to look tired and ineffective. His recent proposal of a VAT, the most regressive of taxes, sounded less like a democratic reform and more like something from the Bilderberg playbook. One has to wonder how long will it be until they start recommending the sale of key sovereign assets to corporate oligarchs.

And then there was Baghdad Barrack, talking up the economy and the jobs numbers this morning at a Maryland truck garage. He seems to be trying to run a bluff, talking his way past his team's economic policy errors and corruption, a reflexive strategy that may have served him better when he had no real responsibilities or quantifiable results.

One might feel better if the other party had not already proven itself to be the party of the elite and the wealthy special interests, without vision or ability, creating many of the problems that are sinking the US today. Things do indeed seem bleak when the reform government fails (http://www.spiritus-temporis.com/weimar-republic/reasons-for-the-republic-s-failure.html).

It appears that the SP futures may be forming a bear flag, with another big step down to follow. That would be 'bad news' because below the support at 1040 is a disturbing possibility of a triple digit SP 500.

Chart Updated at 3:30 EDT

http://4.bp.blogspot.com/_H2DePAZe2gA/TAlVhoHqpkI/AAAAAAAANGo/fhZAdT7qoJ4/s400/spfutures4.PNG (http://4.bp.blogspot.com/_H2DePAZe2gA/TAlVhoHqpkI/AAAAAAAANGo/fhZAdT7qoJ4/s1600/spfutures4.PNG)

Posted by Jesse at 10:25 AM (http://jessescrossroadscafe.blogspot.com/2010/06/sp-daily-chart-looking-ugly.html) :verbeug
http://img1.blogblog.com/img/icon18_email.gif (http://www.blogger.com/email-post.g?blogID=6418112515382102078&postID=6315088004100171144) http://img2.blogblog.com/img/icon18_edit_allbkg.gif (http://www.blogger.com/post-edit.g?blogID=6418112515382102078&postID=6315088004100171144)
Category: Non-farm Payrolls (http://jessescrossroadscafe.blogspot.com/search/label/Non-farm%20Payrolls), Obama Oratory (http://jessescrossroadscafe.blogspot.com/search/label/Obama%20Oratory), policy error (http://jessescrossroadscafe.blogspot.com/search/label/policy%20error), SP Daily Chart (http://jessescrossroadscafe.blogspot.com/search/label/SP%20Daily%20Chart)

04.06.2010, 17:06
:( :mad :ek

Visualizing the BP Oil Disaster (http://www.ifitwasmyhome.com/)

04.06.2010, 17:54
PBoC Replaces SNB In FX Manipulation Department (http://www.zerohedge.com/article/pboc-replaces-snb-fx-manipulation-department)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 06/04/2010 09:46 -0500

European Central Bank (http://www.zerohedge.com/taxonomy_vtn/term/9235)
RANSquawk (http://www.zerohedge.com/taxonomy_vtn/term/11862)


RanSquawk report that according to "well-placed sources in Beijing" China is now buying EUR above 1.20 to stabilize the currency in advance of a G20 meeting later in June, per a previous agreement with the G20 members. This surely explains why the euro magically got vacuumed up by 60 pips in a manner of seconds as soon as a breach of 1.20 was imminent. Alas, as we pointed out previously, the half life of central bank interventions is now laughable: at some point interventions using fiat methods will have no impact whatsoever. On the other hand, all those who are short the market, and thus the euro, and in the process are facing the Fed, the ECB, the SNB (or not so much anymore), and now the PBoC, now have a whole new appreciation of the word "Sparta"

58 comments (http://www.zerohedge.com/article/pboc-replaces-snb-fx-manipulation-department#comments)
Read more (http://www.zerohedge.com/article/pboc-replaces-snb-fx-manipulation-department)
....Konfetti-Schlacht :confused:rolleyes

04.06.2010, 17:59
:( :mad :ek

Visualizing the BP Oil Disaster (http://www.ifitwasmyhome.com/)

Zum Original-Beitrag (http://www.stock-channel.net/stock-board/showthread.php3?p=1315744#post1315744)

04.06.2010, 18:16
Umweltdesaster im Golf von Mexiko

Ölteppich driftet in den Atlantik (http://www.spiegel.de/wissenschaft/natur/0,1518,698722,00.html)

Die Ölpest wird wohl nicht auf den Golf von Mexiko beschränkt bleiben: Computersimulationen zufolge treibt der Teppich in den Atlantik. Auch der Ostküste der USA droht ein Desaster - von dort driftet das Öl Richtung Europa. Von Axel Bojanowski mehr... (http://www.spiegel.de/wissenschaft/natur/0,1518,698722,00.html) [ Video (http://www.spiegel.de/video/video-1068817.html) | Forum (http://forum.spiegel.de/showthread.php?t=15234) ]


04.06.2010, 18:33
So billig war der Euro noch nie (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/So-billig-war-der-Euro-noch-nie/story/30738450)

http://files.newsnetz.ch/story/3/0/7/30738450/17/teasermedium.jpg (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/So-billig-war-der-Euro-noch-nie/story/30738450) Die europäische Währung ist gegenüber dem Franken auf ein neues Allzeittief gefallen. Sorgen um die finanzielle Stabilität Ungarns belasten die Einheitswährung. Mehr... (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/So-billig-war-der-Euro-noch-nie/story/30738450)

Aktualisiert um 14:54 Uhr

Euro am Abgrund – Schweiz weist den Ausweg (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/Euro-am-Abgrund--Schweiz-weist-den-Ausweg/story/19216251)
Hildebrand gegen nationale Alleingänge (http://www.tagesanzeiger.ch/wirtschaft/unternehmen-und-konjunktur/Hildebrand--gegen-nationale-Alleingaenge/story/28753992)
«Kein Zweifel, der Euro überlebt» (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/Kein-Zweifel-der-Euro-ueberlebt-/story/16934445)

:confused ...mit Hilfe der Finanzhaie wird schon so ziemlich alles zugrunde gerichtet :bad

04.06.2010, 18:56
Bob Janjuah On Brewing Popular Anger At The Failure Of Keynesianism (http://www.zerohedge.com/article/bob-janjuah-brewing-popular-anger-failure-keynesianism)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 06/04/2010 11:00 -0500

If you are like us, you just can't get enough of Bob. The only economist from RBS whose opinions are worth reading, who will never make any financial pundit lists (especially not ones that have Jim Cramer on them), due to his unpleasant habit of being too "truthy", shares 17 minutes of his latest perspectives in this CNBC Europe interview. Not surprisingly, Bob blasts the lunatic response of resolving debt problems with more debt. This time he also shares some additional political perspectives: “Having elected people who said everything would be all right, ultimately the US and UK had to elect Reagan and Thatcher to get us back on track” and eventually angry voters in the developed world will shift to the far right. Some more US-centric perspectives: “The US mid-terms will be crucial. We will see a shift to the right as the Tea Party movement demands change. "There are 220 million people in middle America who are angry and believe stimulus spending has been wasted on vested interest and the banks that they believe got us into this mess. For all the talk of positive growth in America, those outside of LA and New York are hurting and want cuts in government spending, not more borrowing and spending.”

35 comments (http://www.zerohedge.com/article/bob-janjuah-brewing-popular-anger-failure-keynesianism#comments)
Read more (http://www.zerohedge.com/article/bob-janjuah-brewing-popular-anger-failure-keynesianism)

04.06.2010, 19:03
IT SPREAD? (http://www.huffingtonpost.com/2010/06/04/oil-on-florida-beaches-ta_n_600503.html)
http://i.huffpost.com/gen/171888/thumbs/r-OIL-large.jpg (http://www.huffingtonpost.com/2010/06/04/oil-on-florida-beaches-ta_n_600503.html)

'BP Mole Spills The Secrets Of BP's Cleanup Ops' (http://motherjones.com/rights-stuff/2010/06/BP-spill-worker-elmers-island)

Comments (http://www.huffingtonpost.com/2010/06/04/oil-on-florida-beaches-ta_n_600503.html#comments)

04.06.2010, 22:22
In The News Today (http://jsmineset.com/2010/06/04/in-the-news-today-562/)

Posted: Jun 04 2010 By: Jim Sinclair Post Edited: June 4, 2010 at 2:35 pm
Filed under: In The News (http://jsmineset.com/category/in-the-news/)

CHART OF THE DAY: The Scariest Job Chart Ever Just Got Even Scarier
Joe Weisenthal | Jun. 4, 2010, 9:45 AM

We’ve dubbed this chart the "Scariest Job Chart Ever," as it shows how the decline in employment is WAY uglier than in past recessions.

Calculated Risk has updated it with the latest numbers from this morning, and now it looks even scarier.


Check out the two red lines at the bottom. The solid one includes Census hiring, while the dotted line doesn’t include it.

What’s clear is that while we still have a rebound including Census hiring, we’re already flattening out on the dotted line. This is a shape not seen on the other lines. suggesting that the fall is extremely deep, and the recovery is shallow.

http://jsmineset.com/wp-content/uploads/2010/06/clip_image001_thumb.gif (http://jsmineset.com/wp-content/uploads/2010/06/clip_image0011.gif)

More… (http://www.businessinsider.com/chart-of-the-day-the-scariest-job-chart-ever-just-got-even-scarier-2010-6)

04.06.2010, 22:33
IMMINENT (http://www.huffingtonpost.com/2010/06/04/gaza-blockade-israel-rachel-corrie_n_600351.html)
Irish Aid Ship Approaching Israeli Blockade (http://www.huffingtonpost.com/2010/06/04/gaza-blockade-israel-rachel-corrie_n_600351.html)
http://i.huffpost.com/gen/172018/thumbs/r-RACHEL-CORRIE-large.jpg (http://www.huffingtonpost.com/2010/06/04/gaza-blockade-israel-rachel-corrie_n_600351.html)

Comments (1,928) (http://www.huffingtonpost.com/2010/06/04/gaza-blockade-israel-rachel-corrie_n_600351.html#comments)
| Hamas (http://www.huffingtonpost.com/news/hamas)

05.06.2010, 10:02
Milliarden in den Sand gesetzt – jetzt will er vor Gericht auspacken (http://www.tagesanzeiger.ch/wirtschaft/geld/Milliarden-in-den-Sand-gesetzt--jetzt-will-er-vor-Gericht-auspacken/story/13391172)

http://files.newsnetz.ch/story/1/3/3/13391172/9/teasermedium.jpg (http://www.tagesanzeiger.ch/wirtschaft/geld/Milliarden-in-den-Sand-gesetzt--jetzt-will-er-vor-Gericht-auspacken/story/13391172) Ein einzelner Börsenhändler verursachte Verluste von 4,9 Mrd. Euro. Nun muss der Mann vor Gericht. Jérôme Kerviel selbst sieht sich als Opfer des Finanzsystems - als «Prostituierte». Mehr... (http://www.tagesanzeiger.ch/wirtschaft/geld/Milliarden-in-den-Sand-gesetzt--jetzt-will-er-vor-Gericht-auspacken/story/13391172)

Aktualisiert um 00:01 Uhr

Wie Skandalhändler Kerviel skrupellos spekulierte (http://www.tagesanzeiger.ch/wirtschaft/unternehmen-und-konjunktur/Wie-Skandalhaendler-Kerviel-skrupellos-spekulierte/story/10057875)
Skandalhändler Kerviel drohen fünf Jahre Haft (http://www.tagesanzeiger.ch/wirtschaft/unternehmen-und-konjunktur/Skandalhaendler-Kerviel-drohen-fuenf-Jahre-Haft/story/28145636)
Spekulant Kerviel: «Bei diesem Job handelt man wie ein Süchtiger» (http://www.tagesanzeiger.ch/wirtschaft/unternehmen-und-konjunktur/Spekulant-Kerviel-Bei-diesem-Job-handelt-man-wie-ein-Suechtiger/story/24349567)

05.06.2010, 10:04
Israel droht mit Erstürmung des Schiffs (http://www.tagesanzeiger.ch/ausland/naher-osten-und-afrika/Israel-droht-mit-Erstuermung-des-Schiffs/story/10775510)

http://files.newsnetz.ch/story/1/0/7/10775510/22/teasermedium.jpg (http://www.tagesanzeiger.ch/ausland/naher-osten-und-afrika/Israel-droht-mit-Erstuermung-des-Schiffs/story/10775510) Die irische «Rachel Corrie» hat sich der Aufforderung Israels widersetzt, einen Hafen anzulaufen. Nun will die Marine das Schiff stürmen. Mehr... (http://www.tagesanzeiger.ch/ausland/naher-osten-und-afrika/Israel-droht-mit-Erstuermung-des-Schiffs/story/10775510)

Aktualisiert vor 10 Minuten

Israel will weiteres Schiff stoppen (http://www.tagesanzeiger.ch/ausland/naher-osten-und-afrika/Israel-will-weiteres-Schiff-stoppen/story/12189178)
Kontakt zu neuem Gaza-Hilfsschiff abgerissen (http://www.tagesanzeiger.ch/ausland/naher-osten-und-afrika/Kontakt-zu-neuem-GazaHilfsschiff-abgerissen/story/14832085)
Aktivisten planen neue Hilfsflotte für Gaza (http://www.tagesanzeiger.ch/ausland/naher-osten-und-afrika/Aktivisten-planen-neue-Hilfsflotte-fuer-Gaza/story/20219074)

05.06.2010, 15:16
:)....jetzt :)

05.06.2010, 19:12

Propaganda-Satire blamiert Israels Regierung (http://www.spiegel.de/netzwelt/netzpolitik/0,1518,698952,00.html)

Peinlicher Propaganda-Lapsus: Das Presseamt der israelischen Regierung hat an Journalisten den Link zu einem Satirevideo verschickt, das sich über die Besatzung der attackierten Hilfsflotte für Gaza lustig macht. Finanziert wurde der Clip von einem konservativen Think-Tank in den USA. Von Christian Stöcker mehr... (http://www.spiegel.de/netzwelt/netzpolitik/0,1518,698952,00.html) [ Video (http://www.spiegel.de/video/video-1068224.html) ]

.....Pikant ist nicht nur die Tatsache, dass dem Presseamt dieser äußerst peinliche Lapsus passierte - pikant ist auch, welche Finanziers hinter Latma.tv stehen. Die Website, die regelmäßig ätzende Kritik an allem übt, was ihre Chefredakteurin Caroline Glick als "links" oder "antiisraelisch" betrachtet, wird von einem US-amerikanischen Think-Tank finanziert. Das "Center for Security Policy" (http://www.centerforsecuritypolicy.org/index.xml) (CSP) ist eine erzkonservative Organisation, die im eigenen Land beständig vor der "Bedrohung der USA durch die Scharia" warnt, vor "unangemessener internationaler Beeinflussung" der US-Politik und vor den Gefahren nuklearer Abrüstung......:rolleyes

05.06.2010, 19:15
04 June 2010

US Total Government Debt Reaches 130% of GDP (http://jessescrossroadscafe.blogspot.com/2010/06/us-total-government-debt-reaches-130-of.html)

Here's a postcard from off-balance-sheet country.

This includes only current debt and not future unfunded obligations.

I like to call this US debt chart "The Last Bubble," but it could equally apply to a chart showing the representation of this debt - the US bonds, notes, bills and of course dollars, which are really nothing more than Federal Reserve Notes of zero duration in the modern fiatopia.

It all adds up, eventually, and must be reconciled. It easier to do it when you own the world's reserve currency, and for a while it might even flourish as the international savers flee ahead of the economic hitmen, from country to country, and crisis to crisis.

http://3.bp.blogspot.com/_H2DePAZe2gA/TAmkc5LEaAI/AAAAAAAANHQ/DZ5GKV-oRX0/s400/govtdebtGDP052810.png (http://3.bp.blogspot.com/_H2DePAZe2gA/TAmkc5LEaAI/AAAAAAAANHQ/DZ5GKV-oRX0/s1600/govtdebtGDP052810.png)

Chart compliments of the Contrary Investor (http://contraryinvestor.com/).

Posted by Jesse at 9:02 PM (http://jessescrossroadscafe.blogspot.com/2010/06/us-total-government-debt-reaches-130-of.html) :verbeug
http://img1.blogblog.com/img/icon18_email.gif (http://www.blogger.com/email-post.g?blogID=6418112515382102078&postID=6688413171913143525) http://img2.blogblog.com/img/icon18_edit_allbkg.gif (http://www.blogger.com/post-edit.g?blogID=6418112515382102078&postID=6688413171913143525)
Category: debt to gdp (http://jessescrossroadscafe.blogspot.com/search/label/debt%20to%20gdp), Government Statistics (http://jessescrossroadscafe.blogspot.com/search/label/Government%20Statistics)

05.06.2010, 20:11
«Auch die Amerikaner werden irgendwann in die Wand fahren» (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/Auch-die-Amerikaner-werden-irgendwann-in-die-Wand-fahren/story/26665980)

http://files.newsnetz.ch/story/2/6/6/26665980/15/teasermedium.jpg (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/Auch-die-Amerikaner-werden-irgendwann-in-die-Wand-fahren/story/26665980) Weitermachen wäre fatal: Nur wenn man den Gürtel enger schnalle, gebe es positive Zeichen für die Weltwirtschaft. Ökonom Nouriel Roubini zu den globalen Aussichten. Mehr... (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/Auch-die-Amerikaner-werden-irgendwann-in-die-Wand-fahren/story/26665980)
.....Ein sinkender Euro stellt die Wettbewerbsfähigkeit dieser Länder wieder her. Und es hilft auch den Deutschen, ihren Beitrag zu leisten. Sie konsumieren zu wenig, sparen zu viel, auch weil die Politik eine Erhöhung des verfügbaren Einkommens nicht fördert. Sinkt der Euro nochmals um 20 bis 30 Prozent, wird Deutschland superkompetitiv und kann sich steigende Löhne erlauben, um die Nachfrage in der Eurozone zu stimulieren......

Von Alain Zucker (http://www.tagesanzeiger.ch/stichwort/autor/alain-zucker/s.html). Aktualisiert um 13:55 Uhr

Ungarn wehrt sich gegen Pleite-Gerücht (http://www.tagesanzeiger.ch/wirtschaft/unternehmen-und-konjunktur/Ungarn-wehrt-sich-gegen-PleiteGeruecht/story/31016091)
Die Weltwirtschaft überwindet die Rezession schneller als erwartet (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/Die-Weltwirtschaft-ueberwindet-die-Rezession-schneller-als-erwartet/story/28068992)
Ein «Bubble» in Ostasien als Gefahr für die Weltwirtschaft (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/Ein-Bubble-in-Ostasien-als-Gefahr-fuer-die-Weltwirtschaft/story/20076154)
....tönt irgendwie plausibel - ob's mit dem timing auch hinkommt :gruebel oder schwappt die Inflation doch zuerst über :confused:rolleyes

05.06.2010, 20:28
International: 5. Juni 2010, 16:24

Siebtes Gaza-Schiff ohne Blutvergiessen gestoppt (http://www.nzz.ch/nachrichten/international/irisches_schiff_nimmt_direkten_kurs_auf_gaza_1.5911347.html)

Israel verteidigt bröckelnde Blockade (http://www.nzz.ch/nachrichten/international/irisches_schiff_nimmt_direkten_kurs_auf_gaza_1.5911347.html)

Mehr als acht Stunden lang liess die israelische Marine im Mittelmeer ein siebtes und letztes Schiff der Gaza-Hilfsflotte gewähren. Am Ende mussten sich die Aktivisten geschlagen geben. Blut floss dieses Mal nicht. (http://www.nzz.ch/nachrichten/international/irisches_schiff_nimmt_direkten_kurs_auf_gaza_1.5911347.html) ...http://www.nzz.ch/static-images/headline_topic_more.gif (http://www.nzz.ch/nachrichten/international/irisches_schiff_nimmt_direkten_kurs_auf_gaza_1.5911347.html)
http://www.nzz.ch/static-images/pixel.gif http://www.nzz.ch/static-images/news_readmore.gif Israel: Erwägt Lockerung von Gaza-Embargo (http://www.nzz.ch/nachrichten/international/israel_erwaegt_eine_lockerung_des_gaza-embargos_1.5914800.html)
http://www.nzz.ch/static-images/news_readmore.gif Hamas: Will offenbar keine Hilfe (http://www.nzz.ch/nachrichten/international/hamas_verweigert_annahme_der_hilfsgueter_1.5868582.html)

http://www.nzz.ch/images/israel_gaza-flotte_rachel_corrie_small_1.5927257.1275746998.jpg (http://www.nzz.ch/nachrichten/international/irisches_schiff_nimmt_direkten_kurs_auf_gaza_1.5911347.html)

05.06.2010, 21:55



06.06.2010, 11:22
No Cheer For Housing Bulls From Goldman Which Goes Negative On House Prices (http://www.zerohedge.com/article/no-cheer-housing-bulls-goldman-which-goes-negative-house-prices)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 06/05/2010 23:11 -0500

Goldman recently confirmed it has lost the magic touch when it joined the momentum brigade in anticipating a blow out 600,000 NFP number, revising its prior estimate by +100,000 on Thursday, even as the real NFP came out as a miserable dud 24 hours later. Which is why we urge readers to take the following note from Goldman's Sven Jari Stehn, even though conceptually we are in full agreement with its message, with a big grain of salt: "Despite normalization of valuations, we expect excess supply, high delinquencies and the fading boost from housing policies to push down house prices somewhat further in 2010 and 2011." And just like earlier we pointed out the discrepancy between the opinions of two BofA strategists on the EURUSD, and the huge implications from this divergence, so here we observe the inconsistency between Sven's bearish view on the oh so critical to the US economy housing segment, and David Kostin's hope for an S&P at 1,250 by the end of the year (and 1,300 by June 30).

64 comments (http://www.zerohedge.com/article/no-cheer-housing-bulls-goldman-which-goes-negative-house-prices#comments)
Read more (http://www.zerohedge.com/article/no-cheer-housing-bulls-goldman-which-goes-negative-house-prices)

06.06.2010, 11:27
Iranische Filmemacher

"Fuck it - ich werde mich auf ihre Seite stellen" (http://www.spiegel.de/kultur/kino/0,1518,698013,00.html)

Mit Ruhm gegen Repressionen: Seit dem "grünen" Protest in Iran setzt die bekannte Regisseurin Shirin Neshat ihren Namen ein, um Oppositionelle dort zu unterstützen. Im SPIEGEL-ONLINE-Interview erzählt die in den USA lebende Künstlerin, wie ihr Filme, Facebook und Freundschaft dabei helfen. mehr... (http://www.spiegel.de/kultur/kino/0,1518,698013,00.html) [ Video (http://www.spiegel.de/video/video-1068289.html) | Forum (http://forum.spiegel.de/showthread.php?t=16632) ]


06.06.2010, 11:32
Glocke saugt mehr Öl ab als gedacht (http://www.tagesanzeiger.ch/ausland/amerika/Glocke-saugt-mehr-l-ab-als-gedacht/story/24109120)

http://files.newsnetz.ch/story/2/4/1/24109120/9/teasermedium.jpg (http://www.tagesanzeiger.ch/ausland/amerika/Glocke-saugt-mehr-l-ab-als-gedacht/story/24109120) Der Absaugtrichter über dem lecken Bohrloch im Golf von Mexiko hat binnen 24 Stunden fast eine Million Liter Öl aufgefangen, etwa sechs Mal so viel wie bisher geschätzt. Mehr... (http://www.tagesanzeiger.ch/ausland/amerika/Glocke-saugt-mehr-l-ab-als-gedacht/story/24109120)
.....Zunächst hatte Thad Allen, Admiral der US-Küstenwache, von etwa 160'000 Litern gesprochen, am Samstag bezifferte er die abgepumpte Menge dann mit 954'000 Litern. Das ist etwa ein Viertel bis die Hälfte des austretenden Öls :rolleyes Laut Allen soll die Vorrichtung ihre Leistung noch steigern.....
Aktualisiert am 05.06.2010

06.06.2010, 11:39
Business: (http://www.huffingtonpost.com/business/) Banks Bilking Taxpayers By Refusing To Buy Back Toxic Loans (http://www.nytimes.com/2010/06/06/business/06gret.html)

More BusinessHungary Officials Call Earlier Talk Of National Default 'Exaggerated,' 'Unfortunate' (http://www.huffingtonpost.com/business/)

Comments (86) (http://www.huffingtonpost.com/2010/06/06/gretchen-morgenson-banks-fannie-freddie_n_601966.html#comments)
http://i.huffpost.com/profiles/339049.png?20091111070614 (http://www.huffingtonpost.com/social/PhilipTaylor?action=comments) PhilipTaylor (http://www.huffingtonpost.com/social/PhilipTaylor?action=comments) 29 minutes ago (5:07 AM)

:kotzJAM1E + :kotzL10YD = Lead the BANKSTER CRIME SYNDICATE!

06.06.2010, 11:46
International: 6. Juni 2010, 08:48

Tausende von Israeli demonstrieren gegen Besetzung (http://www.nzz.ch/nachrichten/international/tausende_von_israeli_demonstrieren_gegen_die_besetzten_gebiete_1.5935799.html)

Kritik an Regierung wegen Erstürmung von Hilfsflotte (http://www.nzz.ch/nachrichten/international/tausende_von_israeli_demonstrieren_gegen_die_besetzten_gebiete_1.5935799.html)

In Israel haben tausende von Menschen gegen die Besatzung der Palästinensergebiete demonstriert. Mehr als 7000 jüdische und arabischstämmige Israelis zogen am Samstagabend durch das Zentrum von Tel Aviv. (http://www.nzz.ch/nachrichten/international/tausende_von_israeli_demonstrieren_gegen_die_besetzten_gebiete_1.5935799.html) ...http://www.nzz.ch/static-images/headline_topic_more.gif (http://www.nzz.ch/nachrichten/international/tausende_von_israeli_demonstrieren_gegen_die_besetzten_gebiete_1.5935799.html)
.....Obwohl die Kundgebung von einem grossen Sicherheitsaufgebot begleitet wurde, ereigneten sich am Rande Zwischenfälle mit einigen Dutzend rechtsgerichteten :bad Gegendemonstranten. Sie warfen eine Rauchgranate auf den Demonstrationszug und pöbelten den Friedensaktivisten und ehemaligen Abgeordneten Uri Avneri an.

http://www.nzz.ch/images/tel_aviv_small_1.5935913.1275806727.jpg (http://www.nzz.ch/nachrichten/international/tausende_von_israeli_demonstrieren_gegen_die_besetzten_gebiete_1.5935799.html)

06.06.2010, 11:52
Hochwasser in Polen

Helfer fliehen nach Deichbruch (http://www.spiegel.de/panorama/0,1518,698980,00.html)

Die Lage in den polnischen Hochwassergebieten spitzt sich weiter zu: In Sandomierz hat die Weichsel nun Sperren aus Sandsäcken durchbrochen. Teile der Stadt stehen unter Wasser. mehr... (http://www.spiegel.de/panorama/0,1518,698980,00.html)

Fotostrecke: 5 Bilder (http://www.spiegel.de/fotostrecke/fotostrecke-55575.html)

06.06.2010, 12:07
Turkish paper releases 'censored' photos of beaten Israeli commandos (http://www.haaretz.com/news/diplomacy-defense/turkish-paper-releases-censored-photos-of-beaten-israeli-commandos-1.294443) Turkey's highest circulating paper, Hurriyet, reports that photos were deleted by Israel, but restored by Turkish activists.

25 comments (http://www.haaretz.com/news/diplomacy-defense/turkish-paper-releases-censored-photos-of-beaten-israeli-commandos-1.294443#article_comments)
http://www.haaretz.com/polopoly_fs/1.294447.1275812072%21/image/2406143906.jpg_gen/derivatives/landscape_474/2406143906.jpg (http://www.haaretz.com/news/diplomacy-defense/turkish-paper-releases-censored-photos-of-beaten-israeli-commandos-1.294443) More On This Topic

Israel: We will not apologize to Turkey over Gaza flotilla deaths (http://www.haaretz.com/news/diplomacy-defense/israel-we-will-not-apologize-to-turkey-over-gaza-flotilla-deaths-1.294373)
23 11 View > (http://www.haaretz.com/misc/comment-page/yes-what-would-you-do-19.1028051)
YES, WHAT WOULD YOU DO??? (http://www.haaretz.com/news/diplomacy-defense/turkish-paper-releases-censored-photos-of-beaten-israeli-commandos-1.294443#)

11:47 So people, commando's board your ship with guns... what do you do...try to talk to them?..the worst part is that the isreali cabinet took 1 week prior to the arrival of the Flotilla to come up with this resolution...it took place in International waters..anything goes...who outweighed the other?....strange that israel had an overkill of weapons to deal with something! 9 dead (civilians/activists)...7 israeli's hurt (bruised, couple of cuts)..who's better off?? a few questions to be answered..dont you think?
27 15 View > (http://www.haaretz.com/misc/comment-page/murderes-19.1028049)
Murderes (http://www.haaretz.com/news/diplomacy-defense/turkish-paper-releases-censored-photos-of-beaten-israeli-commandos-1.294443#)

11:47 If the aid workers wanted to kill these crying commandos they would have done it easly. They would have killed other soldiers by using these stupid guy's rifles but they just wanted to make them scare but the other soldiers came later and shot people randomly. Most of them were shot in the back what brave killers. if they knew that the other soldiers was going to shoot . Your cyring commandos and many others was going to be dead
51 14 View > (http://www.haaretz.com/misc/comment-page/israeli-soldiers-19.1028014)
Israeli soldiers (http://www.haaretz.com/news/diplomacy-defense/turkish-paper-releases-censored-photos-of-beaten-israeli-commandos-1.294443#)

11:35 ---The IDF Spokesperson's Unit issued a response to the Turkish photos, saying that the "published pictures serve as clear and unequivocal proof of Israel's repeated arguments that aboard [the Mavi Marmara] were mercenaries who intended to kill Israeli soldiers."--- They certainly could have killed the Israeli soldiers - why didn't they if that was supposedly their intention? Only people killed were peace-activists - by soldiers who had supposedly no intention to kill - hmmmm.
42 7 View > (http://www.haaretz.com/misc/comment-page/sure-19.1027970)
Sure (http://www.haaretz.com/news/diplomacy-defense/turkish-paper-releases-censored-photos-of-beaten-israeli-commandos-1.294443#)

11:16 Beaten israeli commandos, are u sure? What kind of commandos are there? They enter a ship on international waters, give their weapons to peple which have no guns and Haaretzs claims, the soldiers were innocent. By the way, israely army should fire these commandos and send them back to the kindergarten.

06.06.2010, 12:21
Latest update 11:41 06.06.10
Pixies cancel Israel concert

Cancellation comes on the heels of cancellations by Klaxons and Gorillaz Sound System in wake of Gaza flotilla raid.

By Saar Gamzo Tags: Gaza flotilla (http://www.haaretz.com/meta/Tag/Gaza%20flotilla)
The veteran American rock band Pixies canceled their upcoming concert in Israel, the organizers of a festival in which the band was to participate announced on Sunday.

http://www.haaretz.com/polopoly_fs/1.294452.1275813785%21/image/3570025938.jpg_gen/derivatives/landscape_295/3570025938.jpg Veteran alternative rock band the Pixies

Photo by: Haaretz This announcement follows recent concert cancellations by the Klaxons and the Gorillaz Sound System in the wake of a clash between Israeli navy commandos and Turkish peace activists in international waters last Monday, during which soldiers killed nine activists aboard a Gaza-bound aid ship......

full story: http://www.haaretz.com/news/national/pixies-cancel-israel-concert-1.294451

06.06.2010, 12:57
http://www.haaretz.com/polopoly_fs/1.294421.1275805120%21/image/1091098786.jpg_gen/derivatives/landscape_95/1091098786.jpg (http://www.haaretz.com/print-edition/news/report-israelis-recycle-only-18-percent-of-household-garbage-1.294391) Report: Israelis recycle only 18 percent of household garbage (http://www.haaretz.com/print-edition/news/report-israelis-recycle-only-18-percent-of-household-garbage-1.294391) :rolleyes

....Die Schweizer sind denn auch "Weltmeister" in dieser Disziplin: 2003 wurden 47% aller Haushaltabfälle rezykliert. Davon waren 70% Papier und Karton, 95% Glas, 71 % PET-Flaschen, 85% – 90% Aludosen sowie 75 % Stahl- oder Weissblech (z.B. Konservendosen).....
....na wenigstens in etwas sind wir/waren Weltmeister :oo

06.06.2010, 17:10
Australien, Brasilien, Indien, Kanada – die Bankensteuer-Stopper (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/Australien-Brasilien-Indien-Kanada--die-BankensteuerStopper/story/13085865)

http://files.newsnetz.ch/story/1/3/0/13085865/10/teaserbreit.jpg (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/Australien-Brasilien-Indien-Kanada--die-BankensteuerStopper/story/13085865) Um für künftige Krisen – und die kommen mit Bestimmtheit – wollten die USA und Europa eine weltweite Bankenabgabe. Mehr... (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/Australien-Brasilien-Indien-Kanada--die-BankensteuerStopper/story/13085865)

....Der kanadische Finanzminister Jim Flaherty sagte, die Debatte über die Bankenabgabe sei «eine Ablenkung von den Kernthemen» gewesen. Als «Kern der Reformagenda» für die Finanzbranche wurden in der Abschlusserklärung strengere Regeln für die Kapitaldeckung und die Liquidität der Banken genannt.....
....Die G20-Staaten wollen die Reformen spätestens Ende 2012 in Kraft setzen, der Rahmen dafür soll bis November stehen. Ende Juni findet im kanadischen Toronto ein G20-Gipfel statt......

Aktualisiert um 14:52 Uhr

06.06.2010, 17:14
ADMIRAL ALLEN: GULF COAST IS HELD HOSTAGE (http://www.huffingtonpost.com/2010/06/06/thad-allen-gulf-oil-spill-hostage_n_602097.html)


Mississippi GOP Governor: Oil? What Oil?.. (http://www.huffingtonpost.com/2010/06/06/haley-barbour-oil-what-oi_n_602088.html) Oil Spill BIG NEWS Page (http://www.huffingtonpost.com/news/gulf-oil-spill)

Comments (http://www.huffingtonpost.com/2010/06/06/thad-allen-gulf-oil-spill-hostage_n_602097.html#comments)
| Gulf Oil Spill (http://www.huffingtonpost.com/news/bp-oil-spill)

06.06.2010, 18:47
«Mein emotionalster Moment» (http://www.tagesanzeiger.ch/sport/tennis/Mein-emotionalster-Moment/story/11528603)

http://files.newsnetz.ch/story/1/1/5/11528603/16/teaserbreit.jpg (http://www.tagesanzeiger.ch/sport/tennis/Mein-emotionalster-Moment/story/11528603) Doppelter Coup für Rafael Nadal beim French Open: Er schlägt Robin Söderling in drei Sätzen. Und ab Montag löst der Spanier Roger Feder als neue Nummer 1 im Tennis ab. Mehr... (http://www.tagesanzeiger.ch/sport/tennis/Mein-emotionalster-Moment/story/11528603)

Von Florian A. Lehmann/si.

Nadal gewinnt Paris und löst Federer als Nummer 1 ab (http://www.tagesanzeiger.ch/sport/tennis/Nadal-gewinnt-Paris-und-loest-Federer-als-Nummer-1-ab/story/22323417)
Das grosse Spiel um den Tennis-Thron (http://www.tagesanzeiger.ch/sport/tennis/Das-grosse-Spiel-um-den-TennisThron/story/14448605)
Rafael Nadal zwei Siege vor der Nummer 1 (http://www.tagesanzeiger.ch/sport/tennis/Rafael-Nadal-zwei-Siege-vor-der-Nummer-1/story/19058606)

06.06.2010, 18:58
DAS MAGAZIN (http://www.dasmagazin.ch/)

Kunstwahnsinnig (http://dasmagazin.ch/index.php/charles-saatchi-hat-neun-eier-drei-zum-fruhstuck-drei-zum-lunch-drei-zum-dinner/)

http://files.newsnetz.ch/story/1/3/9/13978743/4/teaserbreit.jpg (http://dasmagazin.ch/index.php/charles-saatchi-hat-neun-eier-drei-zum-fruhstuck-drei-zum-lunch-drei-zum-dinner/) Charles Saatchi machte Millionen mit simpler und radikaler Werbung. Und investierte in Kunst. Sein bekanntester Protégé ist niemand anders als Damien Hirst. Ein Porträt zur Art Basel. Mehr... (http://dasmagazin.ch/index.php/charles-saatchi-hat-neun-eier-drei-zum-fruhstuck-drei-zum-lunch-drei-zum-dinner/)

Von Slaven Marinovic. Aktualisiert am 06.06.2010

Saatchi & Saatchi....das war auch mal ein Börsen Highflyer - der dann ins Bodenlose stürzte :rolleyes;) interessanter Artikel :cool seinen Kunstgeschmack teile ich zwar nicht - aber seine Millionen....hmmmmm :supi:D

06.06.2010, 20:07
6. Juni 2010, 19:13

Bittere Ironie der Geschichte (http://www.nzz.ch/nachrichten/schweiz/konten_mit_holocaust-bezug_1.5951731.html)Konten mit Holocaust-Bezug – eine vergessene Kategorie in der Staatsvertrags-Debatte (http://www.nzz.ch/nachrichten/schweiz/konten_mit_holocaust-bezug_1.5951731.html)

Wer sind eigentlich die Bankkunden, über deren Kontendaten derzeit im Zusammenhang mit dem UBS-Staatsvertrag heftig gestritten wird? Die USA stellen sie als schwerreiche Betrüger dar. Doch das ist bloss eine Betrachtungsweise. (http://www.nzz.ch/nachrichten/schweiz/konten_mit_holocaust-bezug_1.5951731.html) ...http://www.nzz.ch/static-images/headline_topic_more.gif (http://www.nzz.ch/nachrichten/schweiz/konten_mit_holocaust-bezug_1.5951731.html)

http://www.nzz.ch/static-images/pixel.gif http://www.nzz.ch/static-images/news_readmore.gif Staatsvertrags-Motion: Bundesrat sagt Ja (http://www.nzz.ch/nachrichten/schweiz/bundesrat_sagt_ja_zu_staatsvertrags-motion_1.5912165.html)

http://www.nzz.ch/images/ubs_new_york_small_1.5548344.1272173162.jpg (http://www.nzz.ch/nachrichten/schweiz/konten_mit_holocaust-bezug_1.5951731.html)

.....So bleibt denn vieles offen. Für den Bankenhistoriker Robert U. Vogler ist klar: «Es ist eine Ironie der Geschichte, dass Opfer des Holocausts vor Jahrzehnten ihre Vermögenswerte auf Schweizer Banken vor einem verbrecherischen Regime in Sicherheit gebracht hatten und nun vom Staat USA für die gleichen Gelder sozusagen als Kriminelle zur Kasse gebeten werden sollen.»

hmmmm..... :gruebel eine ziemlich zwiespältige Angelegenheit :rolleyes

07.06.2010, 09:43
Goldman Bashing Is The New Chinese Black (http://www.zerohedge.com/article/goldman-bashing-new-chinese-black)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 06/07/2010 00:16 -0500

And you thought Goldman had it bad in the US. The FT reports: "Many people believe Goldman Sachs, which goes around the Chinese market slurping gold and sucking silver, may have, using all kinds of deals, created even bigger losses for Chinese companies and investors than it did with its fraudulent actions in the US,” read the opening lines of an article in the China Youth Daily, a state-owned daily newspaper, last week." Matt Taibbi - you have met your match, and the outcome is picturesque indeed - a vampire squid that slurps and sucks its way to every loose ounce of gold and silver. But fear not, all those millions of ounces in GLD are perfectly safe and sound.

7 comments (http://www.zerohedge.com/article/goldman-bashing-new-chinese-black#comments)
Read more (http://www.zerohedge.com/article/goldman-bashing-new-chinese-black)

07.06.2010, 09:53
Zirkuselefant Sabu macht Zürich unsicher (http://www.tagesanzeiger.ch/panorama/vermischtes/Zirkuselefant-Sabu-macht-Zuerich-unsicher/story/21007518)

http://files.newsnetz.ch/story/2/1/0/21007518/34/teasermedium.jpg (http://www.tagesanzeiger.ch/panorama/vermischtes/Zirkuselefant-Sabu-macht-Zuerich-unsicher/story/21007518) Am Sonntagabend ist die Elefantendame Sabu aus ihrem Gehege auf der Landiwiese entwischt. Leser-Reporter Michael Porr hat die spektakuläre Flucht auf Video aufgenommen. Mehr... (http://www.tagesanzeiger.ch/panorama/vermischtes/Zirkuselefant-Sabu-macht-Zuerich-unsicher/story/21007518)

Elefant beim Bürkliplatz (http://www.tagesanzeiger.ch/panorama/vermischtes/Zirkuselefant-Sabu-macht-Zuerich-unsicher/story/21007518)

07.06.2010, 10:44
Euro setzt Talfahrt fort

Aktualisiert vor 41 Minuten
Der Franken notiert weiterhin auf Allzeithoch. Der Euro-Preis sank am Montagmorgen bis auf einen Wert von 1,3852 Franken, erholte sich danach aber wieder etwas. mehr » (http://www.cash.ch/news/topnews/euro_setzt_talfahrt_fort-915727-771)

07.06.2010, 13:33

Zur Heirat verurteilt (http://www.spiegel.de/panorama/gesellschaft/0,1518,698513,00.html)

Zohra Jelloun aus Frankfurt am Main sollte zwangsverheiratet werden, wie ihre Schwester und ihr Bruder. Sie floh aus der elterlichen Wohnung, tauchte ab in die Anonymität. Ein Schritt, der das Leben der heute 32-Jährigen komplett verändert hat - und den sie manchmal bereut. Von Julia Jüttner mehr... (http://www.spiegel.de/panorama/gesellschaft/0,1518,698513,00.html)

Themenseite Zwangsheirat: Eheschließung unter Zwang (http://www.spiegel.de/thema/zwangsheirat/)
...am wenigsten Verständnis kann ich da für die Mütter aufbringen - sie sollten zumindest versuchen ihren Töchtern zu einem weniger schlimmen Schicksal verhelfen - zu den Mannen kann ich eh nix sagen :rolleyes aber nur im "reichen Westen" zu Geld kommen wollen und von Anpassung oder Achtung der Gesetze des Gastlandes keine Rede - ist ja auch nicht eben ehrenhaft :rolleyes

07.06.2010, 13:46

Warum die Wege des Menschen unberechenbar sind (http://www.spiegel.de/wissenschaft/mensch/0,1518,699080,00.html)

Schieben und schubsen bis Panik ausbricht: Das Verhalten von Fußgängern ist oft irrational und gefährlich. Mit immer besseren Modellen simulieren Forscher das Gedränge in Bahnhöfen und Fußballstadien - und finden dabei überraschende Erklärungen für unser Verhalten in Menschenmassen. Von Holger Dambeck mehr... (http://www.spiegel.de/wissenschaft/mensch/0,1518,699080,00.html) [ Forum (http://forum.spiegel.de/showthread.php?t=16667) ]

..."Wir betrachten Menschen als weiche Objekte mit einem harten Kern", erklärt Bornholdt. Dabei könne man sogar kulturelle Unterschiede simulieren, also den Minimalabstand, den Menschen gegenüber Fremden gerade noch tolerieren. Diese Distanz ist in Japan beispielsweise größer als in Westeuropa....

Fotostrecke: Schnell durchs Gedränge (http://www.spiegel.de/fotostrecke/fotostrecke-55637.html).

....ich habe eher das Gegenteil erlebt - noch nie war ich in einem Lift so eingepfercht zwischen Menschen wie in Tokyo, in Europa wäre wohl niemand mehr dazugestiegen, in Tokyo hielten die Leute die Luft an und schwupps war ein Dutzend mehr drin, normal atmen wurde zusehend schwieriger :rolleyes

07.06.2010, 15:28
Obamas Finanzmarktreform

Zerredet, zerlegt, zerronnen (http://www.spiegel.de/wirtschaft/unternehmen/0,1518,699072,00.html)

Barack Obama macht Tempo, schon im Juli will der US-Präsident sein Finanzmarktgesetz unterzeichen. Doch der großangelegte Masterplan ist zum Reförmchen geschrumpft - und mehr als 1400 Wall-Street-Lobbyisten tun alles, um auch diesen Mini-Umbau noch zu entschärfen.:mad Von Marc Pitzke, New York mehr... (http://www.spiegel.de/wirtschaft/unternehmen/0,1518,699072,00.html) [ Forum (http://forum.spiegel.de/showthread.php?t=11241) ]

......"Es hätte viel schlimmer kommen können", sagt ein Top-Banker SPIEGEL ONLINE erleichtert. "Bei uns atmen alle auf. Abgesehen von ein paar populistischen Zugeständnissen wird die Wall Street weitermachen wie bisher.".....

:rolleyes no we can't :mad

07.06.2010, 15:47

07.06.2010, 17:26
AMERICA'S LONGEST WAR (http://www.huffingtonpost.com/rep-mike-honda/americas-longest-war-leav_b_602125.html)
After 8 Years And 8 Months, Afghanistan War Surpasses Vietnam (http://www.usatoday.com/news/military/2010-05-27-longest-war-afghanistan_N.htm)


Rep. Alan Grayson: We're Not Getting Out, We're Getting Deeper In.. (http://www.huffingtonpost.com/rep-alan-grayson/the-longest-war_b_602108.html)
Robert Greenwald: It's Always A Bad Year To Leave Afghanistan.. (http://www.huffingtonpost.com/robert-greenwald/its-always-a-bad-year-to_b_602174.html)
Rep. John Conyers: Struggling To Justify The Sacrifice In Blood And Treasure (http://www.huffingtonpost.com/john-conyers/ending-the-longest-war_b_602132.html)
AFGHAN WAR BIG NEWS PAGE (http://www.huffingtonpost.com/news/afghanistan-war)

Read Post (http://www.huffingtonpost.com/rep-mike-honda/americas-longest-war-leav_b_602125.html) |
Comments (872) (http://www.huffingtonpost.com/rep-mike-honda/americas-longest-war-leav_b_602125.html#comments)
| Afghanistan (http://www.huffingtonpost.com/news/afghanistan)

07.06.2010, 19:46
WALL STREET STONEWALL (http://www.huffingtonpost.com/2010/06/07/goldman-sachs-subpoena_n_602846.html)
Goldman Sachs Refusing To Give Information To Crisis Inquiry Commission (http://www.huffingtonpost.com/2010/06/07/goldman-sachs-subpoena_n_602846.html)

(http://www.huffingtonpost.com/2010/06/07/goldman-sachs-subpoena_n_602846.html):kotzhttp://i.huffpost.com/gen/172455/thumbs/r-BLANKFEIN-huge.jpg (http://www.huffingtonpost.com/2010/06/07/goldman-sachs-subpoena_n_602846.html)

Comments (215) (http://www.huffingtonpost.com/2010/06/07/goldman-sachs-subpoena_n_602846.html#comments)
| Financial Crisis (http://www.huffingtonpost.com/news/wall-street)
http://i.huffpost.com/profiles/126859.png?20090812185139 (http://www.huffingtonpost.com/social/timetraveler2039?action=comments) timetraveler2039 (http://www.huffingtonpost.com/social/timetraveler2039?action=comments) (1:35 PM)
This guy's photo makes me want to protect the gold in my grandmother's teeth!

....ich verkneif mir einige comments :oo

07.06.2010, 20:02
The Great Recession (http://jessescrossroadscafe.blogspot.com/2010/06/great-recession.html)

Employment figures clearly show that this is much more than a cyclical recession. It is the breaking of an historic credit bubble, made worse by the Fed's policy responses and recommendations on banking regulation since 1994.

If you look closely at the chart below, you will see that if you subtract the temporary government hiring for the Census, there is no recovery in employment. It is flat. With all the trillions spent so far, why is there such a weak response?

You cannot kick start something with a quick blast of stimulus if it is still broken. So any stimulus to the economy or subsidies to the banks that are being applied are essentially wasted, until the system is significantly reformed and restructured. That is the problem.

Worse than wasted really, because it robs future governments of the ability to engage in constructive action. Like a third world country, the pigmen were the first to the trucks, with the help of corrupt politicians, and are stealing the aid intended for the public and have been hoarding it.

Stimulus. Reform. What we have seen so far from the Congress, the Fed, and Wall Street is simply white collar looting, and ironically in a crisis which they created.

And when the investigations and trials come later, which they will, watch how the pigmen claim complete ignorance of any wrongdoing even in their own companies or at most a few sincere errors in judgement, just like the CEO's and bankers and the financiers have been doing already in front of the Congress and the FCIC.

Hyprocrites and liars playing the public, whom they secretly despise as their inferiors, for fools. This is the prevailing attitude in Washington, the mainstream media, and on Wall Street.

http://3.bp.blogspot.com/_H2DePAZe2gA/TAz8GWUfN0I/AAAAAAAANIA/x8ayUwMWn1E/s400/EmployRecessions2May2010.jpg (http://3.bp.blogspot.com/_H2DePAZe2gA/TAz8GWUfN0I/AAAAAAAANIA/x8ayUwMWn1E/s1600/EmployRecessions2May2010.jpg)

This excellent chart is from Calculated Risk. (http://www.calculatedriskblog.com/2010/06/may-employment-report-20k-jobs-ex.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+CalculatedRisk+%28Calculated+Risk%29)

Biting the hand that beats you dept:
“Many people believe Goldman Sachs, which goes around the Chinese market slurping gold and sucking silver, may have, using all kinds of deals, created even bigger losses for Chinese companies and investors than it did with its fraudulent actions in the US.” China Youth Daily
Posted by Jesse at 10:02 AM :verbeug (http://jessescrossroadscafe.blogspot.com/2010/06/great-recession.html)
http://img1.blogblog.com/img/icon18_email.gif (http://www.blogger.com/email-post.g?blogID=6418112515382102078&postID=7536357610138552236) http://img2.blogblog.com/img/icon18_edit_allbkg.gif (http://www.blogger.com/post-edit.g?blogID=6418112515382102078&postID=7536357610138552236)
Category: employment report (http://jessescrossroadscafe.blogspot.com/search/label/employment%20report), financial reform (http://jessescrossroadscafe.blogspot.com/search/label/financial%20reform)

07.06.2010, 20:30
Bhopal disaster bosses handed down two years in prison :gomad

An Indian court has sentenced seven former employees of Union Carbide to two years imprisonment for negligence that led to the 1984 Bhopal gas leak, which killed more than 20,000.

By Rahul Bedi in New Delhi
Published: 4:35PM BST 07 Jun 2010

The verdicts marked the first time in almost 26 years of legal action that members of the management team of the central Indian chemical plant have been held responsible for the world's worst industrial accident....

.....Satyanath Sarangi, described the maximum two-year sentence as comparable to the punishment for a "traffic accident."

"We will continue our fight," he said. "This is just the beginning."......

full story: http://www.telegraph.co.uk/news/worldnews/asia/india/7809111/Bhopal-disaster-bosses-handed-down-two-years-in-prison.html

June 7th, 2010 by stacyherbert (http://maxkeiser.com/) Stacy Summary: Twenty six years later, seven prison sentences have been handed down in the Bhopal case (http://www.telegraph.co.uk/news/worldnews/northamerica/usa/7809111/Bhopal-disaster-bosses-handed-down-two-years-in-prison.html). Wonder if it will take 25 years and 10 months for residents of Louisiana to start to receive ‘justice,’ if that’s what you can call this.

....2 Jahre :gomad:gomad:gomad

07.06.2010, 22:02
Dünnes iPhone, wütender Steve Jobs (http://www.tagesanzeiger.ch/digital/mobil/Duennes-iPhone-wuetender-Steve-Jobs/story/16606487)
http://files.newsnetz.ch/story/1/6/6/16606487/22/teaserbreit.jpg (http://www.tagesanzeiger.ch/digital/mobil/Duennes-iPhone-wuetender-Steve-Jobs/story/16606487) Der US-Hersteller Apple will noch in diesem Monat die neue Generation von Multimediahandys in den Handel bringen. Das iPhone 4 wird in der Schweiz bereits im Juli erhältlich sein. Mehr... (http://www.tagesanzeiger.ch/digital/mobil/Duennes-iPhone-wuetender-Steve-Jobs/story/16606487)
Aktualisiert vor 1 Minute

Das ist das neue Apple-Handy (http://www.tagesanzeiger.ch/digital/mobil/Duennes-iPhone-wuetender-Steve-Jobs/story/16606487)

iPhone 4 kommt nächsten Monat (http://www.tagesanzeiger.ch/digital/computer/iPhone-4-kommt-naechsten-Monat/story/17362639)

07.06.2010, 22:36
Shining light into dark places


-View the Index (http://www.financialsecrecyindex.com/2009results.html)
-What the Index reveals (http://www.financialsecrecyindex.com/#intro)
-Implications (http://www.financialsecrecyindex.com/#implications)
-Who is included? (http://www.financialsecrecyindex.com/#which_jurisdictions)
-Mapping the Faultlines (http://www.financialsecrecyindex.com/#mapping)
-Methodology (http://www.financialsecrecyindex.com/#method)
-Jurisdiction Reports (http://www.financialsecrecyindex.com/#reports)
-The Corruption Link (http://www.financialsecrecyindex.com/#corruption)
-The OECD blacklist (http://www.financialsecrecyindex.com/#blacklist)
-The British connection (http://www.financialsecrecyindex.com/#british)
-The Economic Crisis (http://www.financialsecrecyindex.com/#econ_crisis)
-The FSI team (http://www.financialsecrecyindex.com/#team)

Secrecy is a central feature of the global financial system. Jurisdictions compete with each other to provide it, in order to attract financial flows – with appalling effects elsewhere. It is essential to identify the worst culprits in providing this secrecy. But nobody has ever tried to do this in a systematic, objective way – until now.

The Financial Secrecy Index (FSI) creates a ranking which identifies the jurisdictions that are most aggressive in providing secrecy in international finance, and which most actively shun co-operation with other jurisdictions. It attaches a weighting to each jurisdiction, according to the scale of cross-border financial services activity that it hosts.

The two measures – the opacity score, and the weighting, are combined to create the Financial Secrecy Index. Nothing like this has been done before.

Click here for the ranking and the supporting data... (http://www.financialsecrecyindex.com/2009results.html)

....die Schweiz scheint ein Weisenind zu sein verglichen mit Delaware :rolleyes:oo:D

08.06.2010, 08:35
Marc Faber's Must Watch 2010 Presentation (http://www.zerohedge.com/article/marc-fabers-must-watch-2010-presentation)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 06/07/2010 21:46 -0500


As someone once said, the only man who can tell a room full of people they are doomed and get a standing ovation, Marc Faber, gives a terrific hour long presentation to the Mises Circle in Manhattan on May 22, discussing the economy, interest rates, markets, why having massive output gaps (see previous post for Bernanke's most recent dose of lunacy on the matter) and hyperinflation can easily coexist, why the Fed will never again implement tight monetary policy, why Greenspan is a senile self-contradictor, why Paul Krugman is a broken and scratched record, and the fact that pretty much nothing matters and we are all going to hell. Little new here for long-term economic skeptics, but a must watch for all neophytes who are still grasping with some of the more confounding concepts of our dead-end Keynesian catastrophe and not only why the world can not get out of the current calamity absent a global debt repudiation, but why gold is the asset to own, even though one must not be dogmatic and shift from asset class to asset class in times of tremendous currency devaluation (i.e., such as right now). 2010's must watch Marc Faber presentation.

55 comments (http://www.zerohedge.com/article/marc-fabers-must-watch-2010-presentation#comments)
Read more (http://www.zerohedge.com/article/marc-fabers-must-watch-2010-presentation)
...das Video ist nicht ganz neu ---> http://www.stock-channel.net/stock-board/showpost.php3?p=1314835&postcount=6573
einige comments über Marc Faber ;):D

08.06.2010, 08:57
Goldman Sachs: The US Dollar Is Far Weaker Than Current FX Pairs Make It Seem (http://www.zerohedge.com/article/goldman-sachs-us-dollar-far-weaker-current-fx-pairs-make-it-seem)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 06/07/2010 17:21 -0500

A team at Goldman, decidedly different team from the one which this morning said the EUR could drop to a 1.16 level shortly, looks at recent fund flow data and notes that with the US now perceived as a safe haven to the rest of the world, particularly Europe, a fact which implicitly is a huge benefit to the treasury supply onslaught as buyers for USTs no matter the yield or maturity, are easily found in this environment of insecurity. No surprise there: it is almost as if Europe's problems were engineered, courtesy of a EURUSD which was kept too high, for too long, by too many market participants. Goldman's conclusion is that the dollar is not the fundamental safe haven it is portrayed to be, but is, once again, merely the best of the worst. As Goldman's Robin Brooks highlights: "non-Treasury portfolio inflows are still falling short of covering the monthly trade deficit, in contrast to before the crisis when they were more than enough. This is consistent with our often repeated view that the BBoP (broad basic balance) for the US remains weak and is why – even in the face of strong foreign inflows into Treasuries – we remain cautious about the USD outlook." The primary reason for the increasingly strong bid for gold is explained by Brooks' observation: while unwinds in existing FX carry pairs continue to implicitly benefit the dollar, when it comes to allocating capital to a safe haven, the only recourse continue to be gold. And as FX is fickle, all it takes is one massive short covering spree to invert the balance of power once again in the direction of the EUR: all that would be needed is a wholesale realization that the consolidated US balance sheet is in far worse shape than that of Europe, and for the herd to shift from one side of the boat to the other.Yet should more volatility come into FX markets, gold would benefit even more.

118 comments (http://www.zerohedge.com/article/goldman-sachs-us-dollar-far-weaker-current-fx-pairs-make-it-seem#comments) :supi (viele lesenswerte)
Read more (http://www.zerohedge.com/article/goldman-sachs-us-dollar-far-weaker-current-fx-pairs-make-it-seem)

08.06.2010, 08:58
Goldman Sachs Reputation Destruction Tour 2010! (http://www.ritholtz.com/blog/2010/06/goldman-sachs-reputation-destruction-tour/)

By Barry Ritholtz - June 7th, 2010, 8:49PM WSJ (http://online.wsj.com/article/SB10001424052748703303904575292530057313818.html): A commission probing the financial crisis denounced Goldman Sachs Group Inc., saying the firm first dragged its feet over requests for information then dumped hundreds of millions of pages of documents on the panel.

The Financial Crisis Inquiry Commission issued a subpoena to Goldman, demanding that the firm provide a key for identifying customer names and a way of matching up specific documents to the commission’s requests for information. The subpoena also demanded documents concerning Goldman’s mortgage-backed derivative securities, which are central in current federal probes of the firm.

The ongoing destruction of the once bullet proof reputation of Goldie continues apace.

The brutal combination of inept management, poor legal advice, and horrific decision making is combining is uniquely ugly ways to further damage their reputation — as if that were possible. Hard as that is to imagine, their PR — recently ranked as “For Shit” — is now heading south from there......

08.06.2010, 09:21
Knesset-Abgeordnete Soabi

"Sie hasst unser Land" (http://www.spiegel.de/politik/ausland/0,1518,699223,00.html)

Hunderte fordern ihren Tod, der Innenminister will ihr die Staatsangehörigkeit entziehen: Die israelisch-arabische Knesset-Abgeordnete Hanin Soabi wird daheim angefeindet, weil sie im Hilfskonvoi für Gaza mitgefahren ist. Sie spricht von Hexenjagd - und fürchtet um ihr Leben. Aus Jerusalem berichtet Ulrike Putz mehr... (http://www.spiegel.de/politik/ausland/0,1518,699223,00.html) [ Video (http://www.spiegel.de/video/video-1069211.html) ]


08.06.2010, 09:46
WATCH Obama: I'm Talking To Gulf Experts 'So I Know Whose Ass To Kick' (http://www.huffingtonpost.com/2010/06/07/gulf-oil-spill-obama-ass-kick_n_603664.html)

White House Endorses Unlimited Liability Cap For Oil Spillers.. (http://www.huffingtonpost.com/2010/06/07/white-house-endorses-unli_n_603592.html)Thad Allen: Gulf Cleanup Will Take Years (http://www.huffingtonpost.com/2010/06/07/thad-allen-gulf-oil-cleanup-years_n_603751.html)

Andy Borowitz: BP Says It Has Successfully Controlled Flow of Information on Spill (http://www.huffingtonpost.com/andy-borowitz/bp-says-it-has-successful_b_603587.html)

Larry Cohen: There's No Such Thing as an Accident: A Prevention Approach to the Gulf... (http://www.huffingtonpost.com/larry/theres-no-such-thing-as-a_b_603388.html)

Comments (3,001) (http://www.huffingtonpost.com/2010/06/07/gulf-oil-spill-obama-ass-kick_n_603664.html#comments)
| Barack Obama (http://www.huffingtonpost.com/news/barack-obama)

....bis jetzt wurde jedenfalls in erster Linie der Umwelt in den ass gekickt :mad

08.06.2010, 13:39
Verhaftung nach WikiLeak-Enthüllung

Obama jagt die Skandaljäger (http://www.spiegel.de/politik/ausland/0,1518,699321,00.html)

Er wollte alles anders machen als George W. Bush: Barack Obama versprach mehr Transparenz im Umgang mit Regierungsinformationen. Tatsächlich verfolgt er Insider, die Missstände ausplaudern, viel härter als sein Vorgänger. Die Verhaftung im WikiLeaks-Skandal ist nur der bekannteste Fall. Von Marc Pitzke, New York mehr... (http://www.spiegel.de/politik/ausland/0,1518,699321,00.html) [ Video (http://www.spiegel.de/video/video-1058824.html) | Forum (http://forum.spiegel.de/showthread.php?t=16696) ]

...."Obama setzt das Schlimmste der Bush-Regierung fort", sagte Ellsberg im Gespräch mit SPIEGEL ONLINE über die Verfolgung von Whistleblowern. "Diese andauernde Verletzung der Bürgerrechte ist unverzeihlich." Obama habe sich "um 180 Grad gedreht"......

......Nach Angaben des Magazins "Wired", das als erstes über die Details der Verhaftung M.s berichtete, begannen M. und der Hacker :kotzLamo eine Online-Freundschaft..... (toller Freund :gomad)

Irak-Video: Ex-Hacker soll WikiLeaks-Quelle an Militär verpfiffen haben (http://www.spiegel.de/netzwelt/web/0,1518,699257,00.html)
....das ist schon eine triste Angelegenheit :(:gomad bald muss man auch bei Obama :bad :rolleyes:oo

08.06.2010, 14:08
Business: (http://www.huffingtonpost.com/business/) Bernie Madoff: 'F--k My Victims' (http://www.huffingtonpost.com/2010/06/07/bernie-madoff-f--k-my-vic_n_602605.html)

http://i.huffpost.com/gen/103794/thumbs/s-MADOFF-large300.jpg (http://www.huffingtonpost.com/2010/06/07/bernie-madoff-f--k-my-vic_n_602605.html)

Madoff Hailed As Hero In Prison (http://nymag.com/news/crimelaw/66468/)

.....ich sag lieber nix :rolleyes:oo von wegen Doppelmoral ;)

Comments (1,522) (http://www.huffingtonpost.com/2010/06/07/bernie-madoff-f--k-my-vic_n_602605.html#comments)

08.06.2010, 14:32
Ein Dandy will Deutschlands Warenhauskönig werden (http://www.tagesanzeiger.ch/wirtschaft/unternehmen-und-konjunktur/Ein-Dandy-will-Deutschlands-Warenhauskoenig-werden/story/23649872)

http://files.newsnetz.ch/story/2/3/6/23649872/25/teaserbreit.jpg (http://www.tagesanzeiger.ch/wirtschaft/unternehmen-und-konjunktur/Ein-Dandy-will-Deutschlands-Warenhauskoenig-werden/story/23649872) In der Nacht auf heute hat der Investor Nicolas Berggruen die insolvente deutsche Karstadt-Kette gekauft – nach langen, bangen Monaten. Doch der exzentrische Kunstsammler stösst auf Widerstand. Mehr... (http://www.tagesanzeiger.ch/wirtschaft/unternehmen-und-konjunktur/Ein-Dandy-will-Deutschlands-Warenhauskoenig-werden/story/23649872)

.....Während der Verhandlungen hatte er gefordert, dass die Eigentümerin der Karstadt-Liegenschaften, das Konsortium Highstreet, die Mietzinsen für die Filialen reduziere. Heute Dienstag nun setzt Highstreet Druck auf: «Wir bleiben unverändert bei den Konditionen unseres Angebots», erklärte ein Sprecher gegenüber den Medien. Highstreet besitzt 86 der 120 Karstadt-Warenhäuser. Allein für das laufende Jahr sollen sich die Mietforderungen von Highstreet an Karstadt auf rund 250 Millionen Euro belaufen.Die mehrheitlich zu :kotzGoldman Sachs gehörende Gesellschaft hatte zuvor mit einem eigenen Angebot am Bieter-Wettstreit teilgenommen. «Verlierer Highstreet torpediert Karstadt-Käufer», titelt die FTD darum heute zu der Unnachgiebigkeit des Immobilienkonzerns. «Vermieter droht Karstadt-Investor», schreibt Zeit.de. Denn: Nehme Berggruen das Angebot dieses bedeutenden Gläubigers nicht an, so platze der Vertrag. Nicolas Berggruen selber hat bislang zur Ankündigung von Highstreet geschwiegen.

Aktualisiert vor 21 Minuten

Nicolas Berggruen (http://www.tagesanzeiger.ch/wirtschaft/unternehmen-und-konjunktur/Ein-Dandy-will-Deutschlands-Warenhauskoenig-werden/story/23649872)
GS geldgierig bis zum Umfallen :dumm :gomad

08.06.2010, 14:35
Estland führt den Euro ein (http://www.tagesanzeiger.ch/ausland/europa/Estland-fuehrt-den-Euro-ein/story/30560075)

http://files.newsnetz.ch/story/3/0/5/30560075/12/teasermedium.jpg (http://www.tagesanzeiger.ch/ausland/europa/Estland-fuehrt-den-Euro-ein/story/30560075) Estland kann im kommenden Jahr als 17. Staat den Euro einführen. Es ist erst das dritte osteuropäische Land, das alle Voraussetzungen dazu erfüllt hat. Mehr... (http://www.tagesanzeiger.ch/ausland/europa/Estland-fuehrt-den-Euro-ein/story/30560075)

Aktualisiert vor 18 Minuten

«Estland ist bereit für den Euro» (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/Estland-ist-bereit-fuer-den-Euro/story/16377567)
Trotz Krise soll Estland in die Euro-Zone aufgenommen werden (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/Trotz-Krise-soll-Estland-in-die-EuroZone-aufgenommen-werden/story/29755540)
.....hoffentlich nicht GS als Finanz"berater" :rolleyes:oo

08.06.2010, 14:50
DemReadingDU http://www.democraticunderground.com/discuss/images/donor.gif (1000+ posts) http://www.democraticunderground.com/discuss/images/mesg_journal.gif (http://journals.democraticunderground.com/DemReadingDU) http://www.democraticunderground.com/discuss/images/mesg.gif (http://www.democraticunderground.com/discuss/duboard.php?az=send_mesg&u_id=160840) http://www.democraticunderground.com/discuss/images/profile_small.gif (http://www.democraticunderground.com/discuss/duboard.php?az=user_profiles&u_id=160840) http://www.democraticunderground.com/discuss/images/mesg_add_buddy.gif (http://www.democraticunderground.com/discuss/duboard.php?az=add_buddy&u_id=160840) http://www.democraticunderground.com/discuss/images/mesg_add_ignore.gif (http://www.democraticunderground.com/discuss/duboard.php?az=ignore_member&iid=160840&level=three) Tue Jun-08-10 08:26 AM
Response to Original message (http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=4417776&mesg_id=4417776) 24. Charles Hugh Smith: Deepwater Horizon and Global Financial Meltdown http://upload.democraticunderground.com/discuss/images/avatars/book.gif Edited on Tue Jun-08-10 08:36 AM by DemReadingDU
6/7/10 Deepwater Horizon and Global Financial Meltdown: Each Mirrors The Other
Charles Hugh Smith

The explosion of Deepwater Horizon and the collapse of Lehman Brothers share similar characteristics of risk, denial and coverup.

My good friend G.F.B. recently observed that the Deepwater Horizon catastrophe uncannily mirrors the global financial meltdown that was triggered by the September, 2008 collapse of Lehman Brothers.

G.F.B. suggested that the Deepwater Horizon fiasco mirrored the global financial meltdown, almost as if it were a physical manifestation of the same hubris, denial of risk, manipulation and misinformation which collapsed the global financial house of cards.

How? Consider:

1. The extreme levels of inherent risk in each system were downplayed/misunderstood by those responsible for their management.

2. The unprecedented risk intrinsic to each system was masked by facsimiles of regulation and specialized expertise.

3. The initial warning signs were dismissed, downplayed or ignored.

4. Each system was on the outer edge of human engineering (mechanical and financial) but was treated by regulators and managers as entirely standard.

5. Once the system collapsed, nobody knew how to fix it.

6. As the full extent of the damage became apparent, those responsible sought to mask the true extent pf the damage.

7. The mainstream media and elected officials unskeptically accepted prevarications, mis-statements, misinformation and manufactured facades as representations of the truth.

8. As the true extent of the damage, distortion/manipulation and failure of responsible authorities became undeniable, public confidence in government, regulatory agencies and the market irrevocably eroded.

Didn't anyone notice that it is the height of insanity to be drilling down 18,000 feet down into a seabed which is 5,000 below the surface of the sea?

Didn't anyone notice that becoming entirely dependent on unprecedented levels of extreme leverage and trillions of dollars of derivatives for "economic growth" was an insane proposition doomed to eventual implosion?


http://www.oftwominds.com/blogjun10/deepwater-finance06... (http://www.oftwominds.com/blogjun10/deepwater-finance06-10.html)

edit to add chart
CHS: This basic pattern applies to Deepwater Horizon as well, only on a much shorter timescale.


08.06.2010, 15:35
Gaza flotilla activists were shot in head at close range

Exclusive: Nine Turkish men on board Mavi Marmara were shot a total of 30 times, autopsy results reveal

Robert Booth (http://www.guardian.co.uk/profile/robertbooth)
guardian.co.uk (http://www.guardian.co.uk/), Friday 4 June 2010 22.00 BST
Article history (http://www.guardian.co.uk/world/2010/jun/04/gaza-flotilla-activists-autopsy-results#history-link-box)
Israel (http://www.guardian.co.uk/world/israel) was tonight under pressure to allow an independent inquiry into its assault on the Gaza (http://www.guardian.co.uk/world/gaza) aid flotilla after autopsy results on the bodies of those killed, obtained by the Guardian, revealed they were peppered with 9mm bullets, many fired at close range......

....The results revealed that a 60-year-old man, Ibrahim Bilgen, was shot four times in the temple, chest, hip and back. A 19-year-old, named as Fulkan Dogan, who also has US citizenship, was shot five times from less that 45cm, in the face, in the back of the head, twice in the leg and once in the back. Two other men were shot four times, and five of the victims were shot either in the back of the head or in the back, said Yalcin Buyuk, vice-chairman of the council of forensic medicine.....

full story: http://www.guardian.co.uk/world/2010/jun/04/gaza-flotilla-activists-autopsy-results

08.06.2010, 15:48
Jérôme Kerviel, 13 minutes au 200 mètres... (http://www.lexpansion.com/economie/actualite-entreprise/jerome-kerviel-13-minutes-au-200-metres_233714.html#xtor=AL-189)

http://www.lexpansion.com/medias/24/kerviel_487.jpg (http://www.lexpansion.com/economie/actualite-entreprise/jerome-kerviel-13-minutes-au-200-metres_233714.html#xtor=AL-189)

L'ex-trader la Société Générale a été accueillli ce mardi par une nuée de caméras à son arrivée au tribunal. "Célibataire, consultant informatique", avec un revenu de "2300 euros" par mois, il s'est présenté sobrement devant les juges. Ambiance. > A lire sur LExpansion.com (http://www.lexpansion.com/economie/actualite-entreprise/jerome-kerviel-13-minutes-au-200-metres_233714.html#xtor=AL-189)

08.06.2010, 17:47
CONFIRMED: Aerial Video Shows Second Leaking Rig Near The Deepwater Horizon

Gus Lubin | Jun. 8, 2010, 9:18 AM | 26,292 | 36

Earlier we published speculation from satellite analytics group SkyTruth that there may be a second leak in the Gulf (http://www.businessinsider.com/platform-23051-2010-6) A freelance pilot and photographer confirmed these rumors and a possible coverup.

Photographer J Henry Fair says the new photos show an oil plume originating from the Ocean Saratoga rig, which is operated by Diamond Offshore. A work ship in the foreground appeared to be applying dispersants to the oil. A larger rig in the background may be discharging another leak. (See video below for a better sense of what's going on.)

SkyTruth analyst John Amos says this may not even be the same leak he observed in satellite images........

Read more: http://www.businessinsider.com/confirmed-there-is-a-second-leaking-rig-near-the-deepwater-2010-6#ixzz0qHDZpXjg


08.06.2010, 18:35
Die SNB-Währungsreserven explodieren

http://img.cash.ch/news/235/6150_Hildebrand%5FPhilipp%5FSNB.jpg (http://www.cash.ch/news/topnews/die_snbwaehrungsreserven_explodieren-916520-771)
Aktualisiert vor 40 Minuten

Die Währungsreserven der Schweizerischen Nationalbank (SNB) stiegen im Mai nochmals massiv an. Als Folge erreicht der Franken wieder ein neues Rekordhoch gegenüber dem Euro. (http://www.cash.ch/news/topnews/die_snbwaehrungsreserven_explodieren-916520-771)mehr » (http://www.cash.ch/news/topnews/die_snbwaehrungsreserven_explodieren-916520-771)
....Die Fremdwährungsreserven der SNB stiegen im Mai auf 232,4 Milliarden Franken von 153,6 Milliarden Franken im April. Das zeigen neue Zahlen des Bundesamtes für Statistik. Die SNB selber wird die Zahlen erst in ihrem monatlichen Bulletin am 21. Juni veröffentlichen.....
.....Etwa zwei Drittel der SNB-Devisenreserven sind Euro. Im ersten Quartal war der SNB durch den sinkenden Euro-Kurs ein Buchverlust von 2,911 Milliarden Franken entstanden. Trotz der Verluste erzielte die SNB einen Quartalsgewinn. Dies wegen des Anstiegs des Goldpreises und wegen Gewinnen beim UBS-Stabilisierungsfonds.


08.06.2010, 18:57
CONFIRMED: Aerial Video Shows Second Leaking Rig Near The Deepwater Horizon

Zum Original-Beitrag (http://www.stock-channel.net/stock-board/showthread.php3?p=1316606#post1316606)
As For The Facts On This Alleged Diamond Offshore Rig "Spill"... (http://www.zerohedge.com/article/facts-alleged-diamond-offshore-rig-spill)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 06/08/2010 10:42 -0500

There seems to be a lot of misinformation floating around on what some have purported to have discovered as a second leak in the Gulf, presumably this one emanating from Diamond Offshore's Ocean Saratoga rig. All of this appears is just innuendo attempting to generate page views and support collapsing Nielsen ratings, and to reinforce today's Goldman takedown of the offshore oil industry (so far for reasons unknown, but as we pointed out earlier, Goldman had a buy on Rig with an $87 PT two weeks ago, only to go and kill the space today with a brand new hit piece - is someone preparing to LBO a perrenial take private candidate or two, i.e. DO and RIG, and needs Goldman's help for this). After some actual investigation, it appears rumors of a second leak are false....

....We completely agree with Karl's conclusion:Casting aspersions on the companies that are fixing existing damage from a storm that happened some time ago and, it appears, painting their operations in a false light, along with alleging a "coverup" where a quick check of the facts appears to show precisely the opposite, is not "journalism" - it is sensational garbage that has no basis in reality.

I might have the wrong rig, but given that this is a specific exemption to the "tools up" call from MMS, I sorta doubt it.

Go after the real bad guys, not God and definitely not those men and women who are trying to mitigate damage done by God, not man.

6 comments (http://www.zerohedge.com/article/facts-alleged-diamond-offshore-rig-spill#comments)
Read more (http://www.zerohedge.com/article/facts-alleged-diamond-offshore-rig-spill)


.....da scheint es etwas Verwirrung zu geben :confused:rolleyes

08.06.2010, 19:26
....viel zu lesen ;)

Commodities-Stock Buying Op

Adam Hamilton June 4, 2010 2729 Words

Commodities stocks have two primary drivers, commodities prices and the general stock markets. When both are doing well, commodities stocks thrive. But when both are weak, commodities stocks amplify their losses as we’ve seen during the sharp universal correction since late April. The resulting deeply-oversold commodities stocks have created an outstanding buying opportunity today......

.......The bottom line is commodities stocks are deeply oversold today. Both of their primary drivers, commodities prices and the general stock markets, have suffered exceptional corrections. Commodities stocks, as usual, leveraged these declines to fall to incredibly-low levels in many cases. Simultaneous sharp CCI and SPX corrections offer the best opportunities to buy low ever seen in cyclical bulls.

In order to capitalize on these fantastic opportunities, you have to ignore your emotions and focus on the big picture. Without exception, newsflow is always highly pessimistic following sharp corrections. If things didn’t feel bad and look bearish, stocks wouldn’t be driven to bargain-basement prices. If you have the courage to fight the crowd, the wisdom to be a contrarian, don’t let this rare commodities-stock buying op pass you by.

Adam Hamilton, CPA June 4, 2010

full story: http://www.zealllc.com/2010/csbuy.htm

08.06.2010, 20:01
Robert Schumann – ein Meister der Worte und Töne

Von Susanne Kübler (http://www.tagesanzeiger.ch/stichwort/autor/susanne-kuebler/s.html).

Vor 200 Jahren wurde der Komponist geboren. Warum man bis heute nicht an ihm vorbeikommt, schreibt die Musikredaktorin Susanne Kübler.

«Hätte ich Feinde, nichts als solche Musik gäb ich ihnen zu hören, um sie zu vernichten.» Der Satz ist ein Paukenschlag, wie ihn Robert Schumann immer wieder gern platziert hat. Er traf Carl Czerny, den Salonkomponisten und Verfasser unzähliger Klavieretüden, der all das verkörperte, was Schumann verabscheute. Mechanisch, gefallsüchtig, oberflächlich fand er Czernys Musik, und vor allem: nicht poetisch.

Poesie ist ein zentraler Begriff für Schumann, und kaum zufällig ist es ein literarischer. Schon als Jugendlicher zeigte er ebenso viel sprachliches wie musikalisches Talent, und wenn er nicht Komponist geworden wäre, würde man heute vielleicht den 200. Geburtstag eines bedeutenden Schriftstellers feiern. Schumann war weiträumig gebildet und belesen, und Autoren wie E. T. A. Hoffmann und Jean Paul haben seine Weltsicht und sein Kunstverständnis zutiefst geprägt......

.....Seine eigenen Briefe sind zum grossen Teil verloren. Die bekannten allerdings lesen sich – wie die Tagebücher und überhaupt alle Texte Schumanns – als eine Fortsetzung der Zeitschrift mit anderen Inhalten. Denn die verrätselte, anspielungsreiche Art des Schreibens war für Schumann mehr als ein Spiel. Sie gehörte zu seiner Vorstellung von Poesie und zu seinem Leben, was letztlich dasselbe war. Nichts war für ihn schlimmer als künstlerisches Beamtentum. Auch das lässt sich in der Kritik an Czerny nachlesen: «Versetze man doch den geschätzten Komponisten in Ruhestand und gebe ihm eine Pension», heisst es dort, «wahrhaftig, er verdient sie und würde nicht mehr schreiben.» Robert Schumann musste schreiben, in Worten ebenso wie in Tönen.

(Tages-Anzeiger)Erstellt: 08.06.2010

08.06.2010, 20:04
Norwegen stoppt Tiefseebohrungen :supi

Aktualisiert um 16:47 Uhr

Norwegen reagiert auf die Ölkatastrophe im Golf von Mexiko: Künftig will die Regierung keine Tiefseebohrungen genehmigen.

ganzer Artikel: http://www.tagesanzeiger.ch/ausland/europa/Norwegen-stoppt-Tiefseebohrungen/story/27472198?trackRec

08.06.2010, 20:22
Sie löcherte zehn Präsidenten mit Fragen – und verlor nun ihren Job (http://www.tagesanzeiger.ch/ausland/amerika/Sie-loecherte-zehn-Praesidenten-mit-Fragen--und-verlor-nun-ihren-Job/story/25292181)

http://files.newsnetz.ch/story/2/5/2/25292181/27/teasermedium.jpg (http://www.tagesanzeiger.ch/ausland/amerika/Sie-loecherte-zehn-Praesidenten-mit-Fragen--und-verlor-nun-ihren-Job/story/25292181) Rund 50 Jahre lang haben amerikanische Präsidenten die scharfen Fragen der bekannten Journalistin Helen Thomas gefürchtet. Jetzt muss die 89-Jährige überstürzt abtreten – wegen einer Bemerkung zu Israel. Mehr... (http://www.tagesanzeiger.ch/ausland/amerika/Sie-loecherte-zehn-Praesidenten-mit-Fragen--und-verlor-nun-ihren-Job/story/25292181)

.....Helen Thomas ist abgetreten. Nach über 50 Jahren, in denen sie die amerikanische Elite im Weissen Haus schwitzen liess, gab die Journalistin am Montag ihren Rücktritt bekannt. Thomas hatte am 27. Mai am Jüdisch-Amerikanischen Gedenktag in Washington gesagt, Israel müsse sofort Palästina verlassen – «get the hell out of Palestine». Ein Videoreporter, ein Laienjournalist der jüdischen Webseite «Rabbi Live», hatte sie nach «irgend einem Kommentar zu Israel» gefragt.

«Man muss sich daran erinnern, diese Menschen sind besetzt», fuhr Thomas fort. «Es ist ihr Land, nicht deutsches oder polnisches Land.» Die Juden sollten in ihre Heimat zurückkehren. Wo denn diese sei, wollte der Reporter wissen. Daraufhin Thomas: «In Deutschland, Polen, den USA oder anderswo.» Der Reporter hielt alle Aussagen auf einem Video fest und stellte dieses auf die Internetseite......

.....Aber auch in den eigenen Reihen war Thomas ebenso bewundert wie unbeliebt – nicht zuletzt wegen einer Abrechnung mit der Branche. «Wachhunde der Demokratie? Das schwindende Pressekorps von Washington und wie es die Öffentlichkeit im Stich gelassen hat» lautete der Titel ihres 2006 veröffentlichten Buches......


.....na Herr Obama - no we can't :gomad

08.06.2010, 22:08
[url="http://www.huffingtonpost.com/comedy/"]Comedy: (http://www.huffingtonpost.com/#) WATCH: Jon Stewart Takes On Helen Thomas (http://www.huffingtonpost.com/2010/06/08/jon-stewart-takes-on-hele_n_604086.html)

http://i.huffpost.com/gen/172699/thumbs/s-STEWART-HELEN-THOMAS-large300.jpg (http://www.huffingtonpost.com/2010/06/08/jon-stewart-takes-on-hele_n_604086.html)

09.06.2010, 09:29
Second Gas Pipeline Explosion Rocks Texas In As Many Days (http://www.zerohedge.com/article/second-gas-pipeline-explosion-rocks-texas-many-days)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 06/08/2010 18:40 -0500

No, we are not joking. After yesterday's explosion in Texas claimed one life, a new gas pipeline explosion has occurred near Darrouzet, Texas. No reports of casualties yet, although several people have been reported missing. This is starting to really not look good for the President's clean energy initiative.

77 comments (http://www.zerohedge.com/article/second-gas-pipeline-explosion-rocks-texas-many-days#comments)
Read more (http://www.zerohedge.com/article/second-gas-pipeline-explosion-rocks-texas-many-days)
....bei einigen comments zieht's mir die Schuhe aus :rolleyes:oo:dumm

09.06.2010, 09:40
Debunking The "Spain Is Safe" Myth (http://www.zerohedge.com/article/debunking-spain-safe-myth)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 06/08/2010 15:03 -0500

Recently there has been a lot of bullish opinions in the market attempting to debunk the reality that Spain is next on the contagion bandwagon, despite glaring signs to the opposite. Below is probably the best analysis, from JPMorgan, destroying all myths and mirages that Spain will survive the contagion intact. Also, no love loss for Chiswick here.

20 comments (http://www.zerohedge.com/article/debunking-spain-safe-myth#comments)
Read more (http://www.zerohedge.com/article/debunking-spain-safe-myth)
by Gordon_Gekko
on Tue, 06/08/2010 - 15:28
#402324 (http://www.zerohedge.com/article/debunking-spain-safe-myth#comment-402324)
JPM - itself FULLY bankrupt and solely surviving on account of fraudulent "mark to myth" accounting and Fed infusions of "money" printed out of thin air (as is the US itself, I might add) - has some gall pointing fingers at Europe/Spain.

by TexDenim
on Tue, 06/08/2010 - 20:28
#402830 (http://www.zerohedge.com/article/debunking-spain-safe-myth#comment-402830)
Charming story about Edward Hugh "Blog Prophet of Euro Doom" in NYT. He lives in Barcelona. (---> .....And Mr. Hugh’s main policy proposal — that Germany leave the euro, which would almost immediately push the value of the currency down sharply, improving competitiveness for the weaker countries that remained behind — reads better as a provocative blog post than as a practical solution.......)


09.06.2010, 10:50
June 8, 2010, 11:00 a.m. EDT · ·

Recalls May Hit All-Time Record: GM Brings Back 1.3 Cars :rolleyes

By 24/7 Wall St. (http://www.247wallst.com/)

The car companies are trying to recover from a 2009 when the entire US industry had a little over 10 million vehicles down from 16 million in 2005.

In another example of how the large manufacturers are keeping buyers out of showrooms. GM recalled 1.37 million vehicles today.

Douglas A. McIntyre

09.06.2010, 13:48
PHOTOS: The New World's Furthest-Leaning Tower (http://www.huffingtonpost.com/2010/06/08/capital-gate-named-worlds_n_604215.html):rolleyes

Comments (203) (http://www.huffingtonpost.com/2010/06/08/capital-gate-named-worlds_n_604215.html#comments)

09.06.2010, 14:02
Wirtschaft: 9. Juni 2010, 13:32

Deutschland kauft weitere CD mit Schweizer Bankdaten (http://www.nzz.ch/nachrichten/wirtschaft/aktuell/deutschland_kauft_weitere_cd_mit_schweizer_bankdaten_1.6009072.html)

Weitere Welle von Selbstanzeigen von Steuersündern erwartet (http://www.nzz.ch/nachrichten/wirtschaft/aktuell/deutschland_kauft_weitere_cd_mit_schweizer_bankdaten_1.6009072.html)

185'000 Euro lassen sich deutsche Behörden eine weitere Daten-CD kosten, die Steuersünder entlarven soll. Baden-Württemberg hatte zunächst den Kauf abgelehnt. Nun wird der Bund zusammen mit Niedersachsen aktiv. (http://www.nzz.ch/nachrichten/wirtschaft/aktuell/deutschland_kauft_weitere_cd_mit_schweizer_bankdaten_1.6009072.html) ...http://www.nzz.ch/static-images/headline_topic_more.gif (http://www.nzz.ch/nachrichten/wirtschaft/aktuell/deutschland_kauft_weitere_cd_mit_schweizer_bankdaten_1.6009072.html)

http://www.nzz.ch/static-images/pixel.gif http://www.nzz.ch/static-images/news_readmore.gif Illegale Bankdaten : Überschätztes Geschäft (http://www.nzz.ch/nachrichten/wirtschaft/aktuell/geschaeft_mit_illegalen_bankdaten_wird_ueberschaetzt_1.5158799.html)

09.06.2010, 16:41

RussiaToday (http://www.youtube.com/user/RussiaToday) — 8. Juni 2010 — This time Max Keiser and co-host, Stacy Herbert, look at the scandals of financial wiseguys that 'know nothing,' including famed 'value investor,' Warren Buffett who says he knows nothing about his investments and nothing about how ratings contributed to the housing bubble. In the second half of the show, Max interviews economist Michael Hudson about the Latvian economy and real liberal economics. Kategorie: Nachrichten & Politik (http://www.youtube.com/news)
Tags: Max Keiser (http://www.youtube.com/results?search_query=Max%20Keiser&search=tag) bailout (http://www.youtube.com/results?search_query=bailout&search=tag) Euro (http://www.youtube.com/results?search_query=Euro&search=tag) Warren Buffet (http://www.youtube.com/results?search_query=Warren%20Buffet&search=tag) trading (http://www.youtube.com/results?search_query=trading&search=tag) Keiser funny (http://www.youtube.com/results?search_query=Keiser%20funny&search=tag) Michael Hudson (http://www.youtube.com/results?search_query=Michael%20Hudson&search=tag) Keiser RT (http://www.youtube.com/results?search_query=Keiser%20RT&search=tag) maxkeiser.com (http://www.youtube.com/results?search_query=maxkeiser.com&search=tag) Stacy Herbert (http://www.youtube.com/results?search_query=Stacy%20Herbert&search=tag) ''markets'' (http://www.youtube.com/results?search_query=%27%27markets%27%27&search=tag) ''IMF'' (http://www.youtube.com/results?search_query=%27%27IMF%27%27&search=tag) ''debt'' (http://www.youtube.com/results?search_query=%27%27debt%27%27&search=tag) ''bankrupt'' (http://www.youtube.com/results?search_query=%27%27bankrupt%27%27&search=tag)

09.06.2010, 16:55
-> Posted by WANKA @ 5:20 am on June 9, 2010
http://goldtent.net/wp_gold/wp-content/uploads/2010/06/bennieboy.jpg (http://goldtent.net/wp_gold/wp-content/uploads/2010/06/bennieboy.jpg) wj

09.06.2010, 17:09
FGX7krQYI_4&feature :gomad:(

09.06.2010, 17:20
BP STILL DENYING MASSIVE UNDERWATER OIL PLUMES (http://www.huffingtonpost.com/2010/06/09/underwater-plumes-doug-su_n_605613.html)


Reporter Dives Into Spill Without Hazmat Suit (http://www.huffingtonpost.com/2010/06/09/gulf-oil-spill-dive-repor_n_605582.html)
Rolling Stone: 'The Spill, The Scandal And The President'.. (http://www.rollingstone.com/politics/news/17390/111965?RS_show_page=0) Coast Guard Admiral Confronts BP CEO.. (http://www.huffingtonpost.com/2010/06/09/thad-allen-letter-to-tony_n_605620.html) Speaker Pelosi Wants Spill Legislation By July 4th.. (http://www.huffingtonpost.com/2010/06/08/pelosi-gulf-oil-spill-legislation_n_605397.html) Palin To Obama: 'Give Me A Call' About Oil Spill Response.. (http://www.huffingtonpost.com/2010/06/09/palin-obama-gulf-oil-spill_n_605559.html) SEE THE LATEST PHOTOS (http://www.huffingtonpost.com/2010/04/30/louisiana-oil-spill-2010_n_558287.html)
OIL SPILL BIG NEWS PAGE.. (http://www.huffingtonpost.com/news/gulf-oil-spill) LIVE VIDEO OF GUSHER (http://www.huffingtonpost.com/2010/05/20/live-gulf-oil-spill-video-feed_n_583682.html)

09.06.2010, 17:40
«Der neuste Stolperstein» (http://www.tagesanzeiger.ch/schweiz/standard/Der-neuste-Stolperstein/story/30629982)

http://files.newsnetz.ch/story/3/0/6/30629982/23/teaserbreit.jpg (http://www.tagesanzeiger.ch/schweiz/standard/Der-neuste-Stolperstein/story/30629982) Die wichtigsten Zeitungen der USA reagieren mit Kopfschütteln und Unverständnis auf das Nein des Nationalrats zum Staatsvertrag. Das Verhalten des Parlaments bringe die UBS einer Strafanzeige einen Schritt näher, heisst es beispielsweise in der New York Times. Mehr... (http://www.tagesanzeiger.ch/schweiz/standard/Der-neuste-Stolperstein/story/30629982)

Von Christoph Landolt (http://www.tagesanzeiger.ch/stichwort/autor/christoph-landolt/s.html). Aktualisiert vor 3 Minuten13 Kommentare (http://www.tagesanzeiger.ch/schweiz/standard/Der-neuste-Stolperstein/story/30629982#kommentar) :rolleyes:oo:D;):schwitz:mad

09.06.2010, 17:45
Blochers «Liquidation der wirtschaftlichen ‹Festung Schweiz›» (http://www.tagesanzeiger.ch/schweiz/standard/Blochers-Liquidation-der-wirtschaftlichen-Festung-Schweiz/story/18853095)

http://files.newsnetz.ch/story/1/8/8/18853095/21/teasermedium.jpg (http://www.tagesanzeiger.ch/schweiz/standard/Blochers-Liquidation-der-wirtschaftlichen-Festung-Schweiz/story/18853095) In einem Essay in der Wochenzeitung «Die Zeit» prognostiziert der bekannte Historiker Jakob Tanner eine Zäsur für die Schweiz. Und beurteilt das Lebenswerk von Christoph Blocher vernichtend. Mehr... (http://www.tagesanzeiger.ch/schweiz/standard/Blochers-Liquidation-der-wirtschaftlichen-Festung-Schweiz/story/18853095)

....Die Verteidigung der liberalen Steueroasen-Politik, so Tanner, «führt nur noch von Kommunikationspannen zu Politpossen». Weiter erklärt der Historiker: «Man kann in einer Welt, in der die Finanzmarktkrise die Krise überschuldeter Steuerstaaten verschärft, nicht erwarten, dass Erklärungen ankommen, die darauf hinauslaufen, man sei halt ein freies Land, in dem mit Steuersündern liberal umgegangen werde.» :cool

Aktualisiert um 14:33 Uhr

09.06.2010, 18:05
Schweiz: Grösste Anleihe seit Jahren

http://img.cash.ch/news/120/4347_Bundeshaus%5FBern.jpg 09.06.10, 15:18
Die Eidgenossenschaft hat in der Mai-Auktion so viel Geld aufgenommen wie seit mehr als fünf Jahren nicht mehr. mehr » (http://www.cash.ch/news/topnews/schweiz_groesste_anleihe_seit_jahren-916870-771)

....Es gibt aber auch handfestere Gründe für einen steigenden Finanzbedarf des Bundes. Im August wird eine Anleihe mit einem Volumen von 9 Milliarden Franken zur Rückzahlung fällig, und spätestens nächstes Jahr sinken die Steuereinnahmen wegen als Folge der Rezession.

09.06.2010, 18:22
Housekeeping - We Are Back (http://www.zerohedge.com/article/housekeeping-we-are-back)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 06/09/2010 10:26 -0500
Update: ok, the 10,000 people that just hit the server didn't help.

We apologize for the extended downtime. European server hosts responsible for the crash will be promptly punished when their sovereign CDS shortly catch up with BP's defaults risk (+108 now to 368bps, 27% implied default probability for 5 Y). We are comforted by the fact that Ben Bernanke sees no future crash for Zero Hedge servers, ever again.

44 comments (http://www.zerohedge.com/article/housekeeping-we-are-back#comments)
by johngaltfla
on Wed, 06/09/2010 - 10:31
#403379 (http://www.zerohedge.com/article/housekeeping-we-are-back#comment-403379)
I was worried you had been Goldman HACKed.....(...das hatte ich auch befürchtet :rolleyes;))

....jetzt sind alle erleichtert - na ja die Gotteswerker vielleicht nicht :confused:rolleyes:oo ich jetzt :winke :essen im Städtle :lick

09.06.2010, 23:06
Has BP Sprung A Counterparty Risk Leak? (http://www.zerohedge.com/article/has-bp-sprung-counterparty-risk-leak)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 06/09/2010 14:19 -0500

A casual glance at the BP annual report reveals the following suddenly relevant tidbit:"OTC contracts: These contracts are typically in the form of forwards, swaps and options. Some of these contracts are traded bilaterally between counterparties; others may be cleared by a central clearing counterparty. These contracts can be used for both trading and risk management activities. Realized and unrealized gains and losses on OTC contracts are included in sales and other operating revenues for accounting purposes. Highly developed markets exist in North America and the UK where gas and power can be bought and sold for delivery in future periods." While we are positive that BP's risk management department has done a terrific job at evaluating the viability and credit risk of its own counterparties (thank you Federal Reserve), the question now becomes, is the inverse also true (ahem, collateral calls on increasing rating agency, ahem)? As the firm likely has tens of billions in open OTC positions in various commodity and currency markets, is it time that speculators shifted their attention from BP to the Morgan Stanleys (wink wink), Deutsche Banks, and Goldmans of the world?

22 comments (http://www.zerohedge.com/article/has-bp-sprung-counterparty-risk-leak#comments)
Read more (http://www.zerohedge.com/article/has-bp-sprung-counterparty-risk-leak)

09.06.2010, 23:07
Here Are Today's Very Unhappy Campers (http://www.zerohedge.com/article/here-are-todays-very-unhappy-campers)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 06/09/2010 14:46 -0500

State Street (http://www.zerohedge.com/taxonomy_vtn/term/8882)
We posted the largest holders of BP stock previously, but, heck, we'll do it again, just for shits and giggles. We dare our readers to spoof Goldman/State Street/BoNY's repo desk phone number and call any of these deep value investors. Over under on straight to voicemail is at 100%.

82 comments (http://www.zerohedge.com/article/here-are-todays-very-unhappy-campers#comments)
Read more (http://www.zerohedge.com/article/here-are-todays-very-unhappy-campers)

09.06.2010, 23:11
On China's Overhyped Export Boom And The Upcoming Deflation (http://www.zerohedge.com/article/chinas-overhyped-export-boom-and-upcoming-deflation)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 06/09/2010 15:38 -0500

Today's early market exuberance (which did nothing but provide various FX arb opportunities during the day), was largely attributed to the news that China's export economy is surging. Alas, even a brief read between the lines indicates that this should have been fully priced in. The reason is very simple, as our friend Thermidor explains.

6 comments (http://www.zerohedge.com/article/chinas-overhyped-export-boom-and-upcoming-deflation#comments)
Read more (http://www.zerohedge.com/article/chinas-overhyped-export-boom-and-upcoming-deflation)

09.06.2010, 23:21
Business: (http://www.huffingtonpost.com/business/) Hedge Fund Sues Goldman Sachs For More Than $1 BILLION Over 'Sh--ty Deal' (http://www.huffingtonpost.com/2010/06/09/timberwolf-lawsuit-goldma_n_606022.html)

More BusinessWATCH: Clip From New Lehman Brothers Movie .. BIGGEST IPO Ever (http://www.huffingtonpost.com/business/)

Comments (143) (http://www.huffingtonpost.com/2010/06/09/timberwolf-lawsuit-goldma_n_606022.html#comments)
| Goldman Sachs (http://www.huffingtonpost.com/news/goldman-sachs)

10.06.2010, 09:47
.....und weiter mit :bad GS

Goldman's Hudson Mezz CDO Is Now Focus Of Brand New SEC Probe (http://www.zerohedge.com/article/goldmans-hudson-mezz-cdo-now-focus-brand-new-sec-probe)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 06/09/2010 18:22 -0500

Abacus, Timberwolf, and now Hudson, pretty soon there won't be a CDO underwritten by Goldman that is not the object of some civil or criminal legal battle. The FT is reports that the SEC has launched a brand new investigation into Goldman Sachs, this time into its $2 billion Hudson Mezzanine Funding CDO. According to the FT: "People familiar with the matter said that in recent weeks the SEC had been gathering information on Hudson Mezzanine, which featured prominently in an 11-hour grilling of Goldman’s executives in the US Senate in April. The SEC and Goldman declined to comment." It is unclear if Goldman has received a separate Wells Notice for this second probing iteration, but since as Goldman notified its shareholders, these things are immaterial, we won't hold our breath to find out. As was repeatedly hammered during the Congressional grilling of Blankfein and his henchmen two months ago, Hudson is precisely the "junk" deal that AIB was “too smart to buy"which in turn forced Tourre and the other salespeople to keep pushing Eastward to Taiwan and Korea (Marc Faber beware).

18 comments (http://www.zerohedge.com/article/goldmans-hudson-mezz-cdo-now-focus-brand-new-sec-probe#comments)
Read more (http://www.zerohedge.com/article/goldmans-hudson-mezz-cdo-now-focus-brand-new-sec-probe)
by Mitchman
on Wed, 06/09/2010 - 22:40
#405209 (http://www.zerohedge.com/article/goldmans-hudson-mezz-cdo-now-focus-brand-new-sec-probe#comment-405209)
All the talk about SEC investigations is all wonderful teenage petting with no "goods" delivered. Let's see real charges filed by the SEC. Let's see well thought through suits brought before the courts. Everything else is just men

10.06.2010, 10:00
Michael Pento Says Double-Dip Recession Is Now Guaranteed

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 06/09/2010 16:47 -0500

As usual, Pento's TV appearance are about as contained and demure as Alan Greenspan on Ambien: " guarantees that we are going to have a double dip recession, [b]because his track record is 100% accurate, but it is 100% accurate in the wrong direction. I look at markets and I look at economics, and since this whole rebound was derived by artifical means, why would I ever believe that we are not going into double dip recession. Should I listen to Ben Bernanke or should I listen to the price of oil which contracted from $85 to $72 a barrell in few weeks, should I listen to the 10 Year that went from 4% to 3.2% in a few weeks, should I listen to Doctor Copper that went from $3.50 a pound to $2.77 a pound: where would I want to put my allegiance with, markets or Ben Bernanke. We need to sell assets, and we need to allow the deleveraging process to consummate. We are going in a wrong direction and that's the double dip recession is virtually assured. 2008 taught us very clearly that decoupling is a dodo bird's philosophy. The US is headed down. You'll see home starts, permits, sales plummet in the next few months, that's going to add more supply to the housing market, that's going to put bank assets under duress, that's going to put their capital under duress, and that's going to help bring us into a double dip recession." Pento's asset allocation advice: high levels of cash, hide in the short-end of the Treasury curve, and own gold, precious metals and high-paying dividend commodity stocks.

When the man speaks the truth and nothing but the truth, there is little to add.


<object width="480" height="385"><param name="movie" value="http://www.youtube.com/v/eK-J6E9j27k&hl=en_US&fs=1&"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/eK-J6E9j27k&hl=en_US&fs=1&" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="480" height="385"></embed></object>

Zum Original-Beitrag (http://showthread.php3?p=1317034#post1317034)
.....ist ja auch scary :oo;)

10.06.2010, 10:33
Deutsche Steuerbehörden planen angeblich Klage gegen CS-Banker (http://www.tagesanzeiger.ch/ausland/europa/Deutsche-Steuerbehoerden-planen-angeblich-Klage-gegen-CSBanker/story/23745275)

http://files.newsnetz.ch/story/2/3/7/23745275/33/teasermedium.jpg (http://www.tagesanzeiger.ch/ausland/europa/Deutsche-Steuerbehoerden-planen-angeblich-Klage-gegen-CSBanker/story/23745275) Ende Februar hat Nordrhein-Westfalen von einem Informanten Bankdaten aus der Schweiz gekauft. Jetzt wird bekannt: Die Behörden planen offenbar einen Prozess – und machen dabei einige Fehler. Mehr... (http://www.tagesanzeiger.ch/ausland/europa/Deutsche-Steuerbehoerden-planen-angeblich-Klage-gegen-CSBanker/story/23745275)

Aktualisiert vor 16 Minuten

....«Da das Geheimdossier jetzt faktisch öffentlich ist, also auch schon in der Schweiz gelandet sein könnte, haben die Anwälte der Bank nun erstklassige Informationen über den genauen Wissensstand der Ermittler.» Die Betroffenen können sich also vorbereiten.Der Lapsus hat noch weitere Folgen. Weil der Informant auf den Seiten detailliert beschrieben werde, könnte er auffliegen, so die FTD. Die Steuerfahnder, welche mit ihm in Verbindung standen, würden gar namentlich genannt und seien somit künftig nicht mehr als verdeckte Ermittler einsetzbar. Die Staatsanwaltschaft Düsseldorf hat angekündigt, sich heute Donnerstag zu dem Fall zu äussern.

....ich weiss es gibt nix zu lachen - aber ein schmunzeln konnte ich doch nicht unterdrücken - die stolpern über ihren eigenen Übereifer :rolleyes;)

10.06.2010, 10:36
.....der Duft der Freiheit ;)

Sabu bricht erneut aus Zirkus Knie aus (http://www.tagesanzeiger.ch/panorama/vermischtes/Sabu-bricht-erneut-aus-Zirkus-Knie-aus/story/31154321)

[/url]Der Schweizer Nationalzirkus war gestern mit Umzugs-Arbeiten beschäftigt, als die Elefantendame erneut für einen Tumult sorgte. [url="http://www.tagesanzeiger.ch/panorama/vermischtes/Sabu-bricht-erneut-aus-Zirkus-Knie-aus/story/31154321"]Mehr... (http://www.tagesanzeiger.ch/panorama/vermischtes/Sabu-bricht-erneut-aus-Zirkus-Knie-aus/story/31154321)

Aktualisiert um 08:40 Uhr

Sabu, die Ausreisserin (http://www.tagesanzeiger.ch/panorama/vermischtes/Sabu-bricht-erneut-aus-Zirkus-Knie-aus/story/31154321)

10.06.2010, 16:38
GS Has Bought Over 1K S&P Big Contracts Since The Open (http://www.zerohedge.com/article/gs-has-bought-over-1k-sp-big-contracts-open)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 06/10/2010 09:06 -0500

Straight from the pits. Call it a cool half a billion used to ramp up the market.

9 comments (http://www.zerohedge.com/article/gs-has-bought-over-1k-sp-big-contracts-open#comments)
Read more (http://www.zerohedge.com/article/gs-has-bought-over-1k-sp-big-contracts-open)
:rolleyes :oo

10.06.2010, 16:50
Green: (http://www.huffingtonpost.com/green/) WATCH: Louisiana Senator Wants More Offshore Drilling ASAP (http://www.huffingtonpost.com/2010/06/10/mary-landrieu-end-offshor_n_607317.html)

http://i.huffpost.com/gen/173602/thumbs/s-DEEPWATER-DRILLING-large300.jpg (http://www.huffingtonpost.com/2010/06/10/mary-landrieu-end-offshor_n_607317.html)

BP's Continued Denial Of Underwater Oil Plumes Provokes Ridicule (http://www.huffingtonpost.com/2010/06/09/gulf-oil-spill-bps-contin_n_606819.html)

Comments (http://www.huffingtonpost.com/2010/06/10/mary-landrieu-end-offshor_n_607317.html#comments)
| Gulf Oil Spill (http://www.huffingtonpost.com/news/bp-oil-spill)
http://i.huffpost.com/profiles/213797.png?20100209180432 (http://www.huffingtonpost.com/social/jorjan?action=comments) jorjan (http://www.huffingtonpost.com/social/jorjan?action=comments) 2 minutes ago (10:43 AM)

Mary, honey, really do you not understand that if a place is uninhabitable, you won't need a job? Unless of course, it is clean up duty. And Mary, how much did the oil companies pay you for your endorsement of offshore drilling? I hope it was worth selling out the people of your state.

:dumm nachdem (laut Nachrichten) BP Lohnausfälle bezahlen muss - auch von den vorgesehenen Ölbohrungen :oo

10.06.2010, 17:03
Euro Surges In Wake Of Goldman EURUSD Downgrade, Prop Buying (http://www.zerohedge.com/article/euro-surges-wake-goldman-eurusd-downgrade-prop-buying)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 06/10/2010 09:23 -0500

Ben Bernanke (http://www.zerohedge.com/taxonomy_vtn/term/304)


Yesterday, we wrote (http://www.zerohedge.com/article/goldman-formally-lowers-eurusd-target-135-115-time-go-long): "Full blown capitulation from the Goldman FX (strategic not tactical) team: the firm goes from a $1.35 target on EURUSD to $1.15. Score one more golden star for Goldman-Client relations. On the other hand, Thomas Stolper is officially advising clients to sell their euros to Goldman. There is no clearer signal to buy the beaten down currency." This was at a EURUSD of 1.1950. Sure enough, just over 12 hours later, the EURUSD hit 1.2133 (and dragging the little computerized gimmick known as the stock market with it). Goldman's "prognostication" track record is starting to challenge that of the head seer Bernanke himself. At least doing the opposite of what Goldman advises its clients continues to yield a 100% win percentage.

7 comments (http://www.zerohedge.com/article/euro-surges-wake-goldman-eurusd-downgrade-prop-buying#comments)
Read more (http://www.zerohedge.com/article/euro-surges-wake-goldman-eurusd-downgrade-prop-buying)
....was für Kunden berät GS eigentlich noch :confused die müssten doch Mordgelüste bekommen :rolleyes

10.06.2010, 17:11
LONGEST U.S. WAR GETTING EVEN LONGER (http://www.huffingtonpost.com/2010/06/10/general-mcchrystal-afghan_n_607311.html)
Make-Or-Break Operation Delayed Because Afghans 'Do Not Yet Welcome' Military...
General: 'I Do Think It Will Happen More Slowly Than We Had Originally Anticipated' (http://www.huffingtonpost.com/2010/06/10/general-mcchrystal-afghan_n_607311.html)

Washington Post: U.S. 'Pledged To Deliver A "Government In A Box"... The Box Has Turned Out To Be Largely Empty'.. (http://www.washingtonpost.com/wp-dyn/content/article/2010/06/09/AR2010060906214_pf.html) Robert Greenwald: 'Enough Is Enough' (http://www.huffingtonpost.com/robert-greenwald/enough-is-enough---brave_b_606720.html)

Comments (447) (http://www.huffingtonpost.com/2010/06/10/general-mcchrystal-afghan_n_607311.html#comments)
| Afghanistan (http://www.huffingtonpost.com/news/afghanistan)
http://i.huffpost.com/profiles/780746-2.png?20100427090731 (http://www.huffingtonpost.com/social/Kellyk311?action=comments) HUFFPOST COMMUNITY MODERATOR

Kellyk311 (http://www.huffingtonpost.com/social/Kellyk311?action=comments) 5 minutes ago (11:02 AM)
958 Fans (http://www.huffingtonpost.com/social/Kellyk311) Follow (http://twitter.com/kellyk311)


Well, isn't that interesting? The pipeline is to be built right through the middle of southern Afghanistan, right where the worst of the fighting takes place.
Gosh, I wonder if there is some correlation?
Oh my word, lookie there. The whole project is hoped to be finished by 2014, right about the time we should be withdrawing our troops. (Can't link or it'll never make it through, just google afghan pip

10.06.2010, 17:17
«Das Gewaltpotenzial steigt» (http://www.tagesanzeiger.ch/ausland/naher-osten-und-afrika/Das-Gewaltpotenzial-steigt/story/16470448)

Die Bürgerrechtsbewegung im Iran wächst – ein Jahr nach den Protesten und ihrer Unterdrückung – im Stillen, sagt der Journalist Maziar Bahari. Mehr... (http://www.tagesanzeiger.ch/ausland/naher-osten-und-afrika/Das-Gewaltpotenzial-steigt/story/16470448)

....Gestern hat der UNO-Sicherheitsrat neue Sanktionen gegen den Iran beschlossen. Ist das sinnvoll?
Solange die Sanktionen darauf abzielen, den Iran daran zu hindern, sein Atomprogramm voranzutreiben und eine Atombombe zu bauen, sind sie sinnvoll. Wenn der Westen aber politische Ziele verfolgt, wie einen Regimewechsel, ist das kontraproduktiv. Dafür ist das iranische Volk zuständig. Da nützen Sanktionen nichts.

Strebt der Iran wirklich nach der Atombombe?
Zweifellos. Wenn nicht seit langem, so spätestens seit dem Einmarsch der Amerikaner 2003 im Irak. Doch ein nuklearer Iran wäre eine Katastrophe. Ich glaube zwar nicht, dass die iranische Regierung umgehend Israel angreifen würde. Aber die Bombe würde das Regime ermutigen, die Repression gegen die Opposition zu verschärfen.

Von Benedikt Rüttimann. Aktualisiert vor 41 Minuten

10.06.2010, 18:52
Women Prefer Men Holding State Bonds, Japan Ad Says

June 9 (Bloomberg) -- Japanese women are seeking men who invest in government bonds, according to an advertisement being run by the Ministry of Finance. “I want my future husband to be diligent about money,” a 27-year-old woman says in an ad being run in free magazines promoting a fixed-rate, three-year note that Japan started selling last week. “Playboys are no good.” She’s one of five women featured in the page, which says “Men who hold JGBs are popular with women!!”



scary http://www.stock-channel.net/stockselect/stock-board/images/smilies/eek2.gif

10.06.2010, 19:33
Women Prefer Men Holding State Bonds, Japan Ad Says

scary http://www.stock-channel.net/stockselect/stock-board/images/smilies/eek2.gif

Zum Original-Beitrag (http://www.stock-channel.net/stock-board/showthread.php3?p=1317278#post1317278)
...und bist Du nicht willig - so brauch ich......:oo;)

10.06.2010, 19:48
...all :oo incl. O's

10.06.2010, 19:52
Von höheren Löhnen in China profitiert die ganze Welt (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/Von-hoeheren-Loehnen-in-China-profitiert-die-ganze-Welt/story/25357724)

http://files.newsnetz.ch/story/2/5/3/25357724/9/teasermedium.jpg (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/Von-hoeheren-Loehnen-in-China-profitiert-die-ganze-Welt/story/25357724) Höhere Löhne in China lösen bereits Ängste vor höheren Preisen bei uns aus. Dabei war die Armut der Chinesen mit ein Grund für die Weltwirtschaftskrise. Mehr... (http://www.tagesanzeiger.ch/wirtschaft/konjunktur/Von-hoeheren-Loehnen-in-China-profitiert-die-ganze-Welt/story/25357724)

Von Markus Diem Meier (http://www.tagesanzeiger.ch/stichwort/autor/markus-diem-meier/s.html). Aktualisiert um 18:18 Uhr

10.06.2010, 20:13
H-e-e-e-e-e-e-re’s Geert!

By efrafandays

Play/Pause Video (http://de.euronews.net/2010/06/10/rechtsruck-in-holland/#article-player)
Rechtsruck in Holland (http://de.euronews.net/2010/06/10/rechtsruck-in-holland/) - 10/06 07:42 CET

Wahlen - http://de.euronews.net/2010/06/10/rechtsruck-in-holland/

10.06.2010, 20:38
To know what is right and not to do it is the worst cowardice.
..................................... Confucius

10.06.2010, 22:38
5/5/5 (http://www.zerohedge.com/article/555)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 06/10/2010 15:04 -0500


Multiply this by one thousand and you know how Goldman must feel...

12 comments (http://www.zerohedge.com/article/555#comments)
Read more (http://www.zerohedge.com/article/555)

11.06.2010, 09:41
Is BP Too Big To Fail? (http://www.zerohedge.com/article/bp-too-big-fail)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 06/10/2010 23:49 -0500

Dylan Ratigan draws some rather obvious parallels between AIG and the recent TBTF banking episode, and the possible fate of BP, whose failure would doom, among others, the retirement funds of Scottish widows, as we noted previously in disclosing the key holders of BP stock. Will the US president be willing to push BP to the point where a bankruptcy of BP results in international diplomatic outcry over what could be the next TBTF precedent? Surely BP is aware of this catch 22, and is thus willing to apply the modern version of American capitalism: "the risk taker uses the leverage of their size and importance to so many people to transfer the risk they've created to the government and future generations, while keeping the rewards of all the risks that they've taken, negligent repair, you pick the thing - they keep the money, you keep the problem. This seems to have become the new version of American capitalism: extortion and bribery." In this clip, in which Ratigan tears apart BP's Darryl Willis (worth watching in itself to see how TV anchors don't always have to bow down to their guests, David Faber feel free to take notice), BP seems to have painted itself in a diplomatic corner: "We will pay claims until we are done paying claims... We are going to pay the damages caused by this spill to every person who has been hurt, harmed and damaged." Alas, this does not leave much maneuvering room for the former oil giant. As for the question of how BP can afford to pay a $10 billion dividend in light of what seems to be a tide of approaching claims payments, Willis does not provide an answer. BP's CDS spread, however, does.

22 comments (http://www.zerohedge.com/article/bp-too-big-fail#comments)
Read more (http://www.zerohedge.com/article/bp-too-big-fail)
by wagefreedom
on Fri, 06/11/2010 - 00:03
#407611 (http://www.zerohedge.com/article/bp-too-big-fail#comment-407611)
Why is this not on page 1 of the NYT? Along with a fat pipe Zero Hedge mainline, displacing the irrelevancies?
...the modern version of American capitalism: "the risk taker uses the leverage of their size and importance to so many people to transfer the risk they've created to the government and future generations, while keeping the rewards of all the risks that they've taken, negligent repair, you pick the thing - they keep the money, you keep the problem. This seems to have become the new version of American capitalism: extortion and bribery."

11.06.2010, 09:46
DOUBLE, DOUBLE, OILY TROUBLE (http://www.huffingtonpost.com/2010/06/10/government-raises-estimat_n_608208.html)
Government Doubles Earlier Gulf Flow Estimate, But Still Lowballing (http://www.huffingtonpost.com/2010/06/10/government-raises-estimat_n_608208.html)

Congress Sends Obama Blank Check For Gulf Recovery... (http://www.huffingtonpost.com/2010/06/10/congress-oil-spill-money_n_608009.html) BP Agrees To Speed Payments To Residents, Businesses... (http://www.washingtonpost.com/wp-dyn/content/article/2010/06/10/AR2010061002752.html?hpid=topnews) White House May Push For Legislation To Hold Oil Giant Fully Liable... (http://online.wsj.com/article/SB10001424052748703627704575299153313210426.html?mod=WSJ_hpp_LEFTTopStories) Louisiana Leaders Want Drilling To Resume... :rolleyes:mad (http://www.huffingtonpost.com/huff-wires/20100610/us-gulf-oil-spill/)
OIL SPILL PHOTOS... (http://www.huffingtonpost.com/2010/04/30/louisiana-oil-spill-2010_n_558287.html) LIVE VIDEO OF GUSHER... (http://www.huffingtonpost.com/2010/05/20/live-gulf-oil-spill-video-feed_n_583682.html) BIG NEWS PAGE (http://www.huffingtonpost.com/tag/gulf-oil-spill)

Comments (3,242) (http://www.huffingtonpost.com/2010/06/10/government-raises-estimat_n_608208.html#comments)
| Gulf Oil Spill (http://www.huffingtonpost.com/news/bp-oil-spill)

11.06.2010, 10:12
«Unterstützung durch die EU wird sehr wichtig sein» (http://www.tagesanzeiger.ch/schweiz/standard/Unterstuetzung-durch-die-EU-wird-sehr-wichtig-sein/story/19322085)

http://files.newsnetz.ch/story/1/9/3/19322085/40/teasermedium.jpg (http://www.tagesanzeiger.ch/schweiz/standard/Unterstuetzung-durch-die-EU-wird-sehr-wichtig-sein/story/19322085) Daniel Graf von Amnesty International Schweiz ist erfreut und überrascht, dass Max Göldi schon:rolleyes entlassen wurde. Damit er schnell heimreisen kann, hofft Graf auf weitere Hilfe von Deutschland und Spanien. Mehr... (http://www.tagesanzeiger.ch/schweiz/standard/Unterstuetzung-durch-die-EU-wird-sehr-wichtig-sein/story/19322085)
....Im libyschen Gefängnis offenbar «gut eingelebt»......:rolleyes

Von Norbert Raabe (http://www.tagesanzeiger.ch/stichwort/autor/norbert-raabe/s.html). Aktualisiert vor 37 Minuten 7 Kommentare (http://www.tagesanzeiger.ch/schweiz/standard/Unterstuetzung-durch-die-EU-wird-sehr-wichtig-sein/story/19322085#kommentar)

Liselotte weber - 08:24 Uhr

gut eingelebt ? diese frage wird uns nur er selbst beantworten können wenn er dann sicheren boden unter den füssen hat! wenn ich mich richtig erinnere hat man aber sehr seiten seines arbeitgebers nur ganz selten etwas zur ganzen sache gehört/gelesen! doch eher seltsam, war er doch für einem grosse, gut vernetzte firma tätig. dies stört mich doch etwas - verraten und verkauft?

11.06.2010, 13:10
Marcel Ospel will an die Börse (http://www.cash.ch/news/front/marcel_ospel_will_an_die_boerse-917609-449)

Aktualisiert um 10:21 Uhr Der umstrittene Ex-UBS-Präsident will zurück ins Geschäft: Er hat sein Basler Restaurant an eine Immobilienfirma verkauft, die seine Frau Adriana präsidiert. Die Firma soll in zwei Jahren an die Börse. mehr » (http://www.cash.ch/news/front/marcel_ospel_will_an_die_boerse-917609-449)


11.06.2010, 13:53
...und gleich nochmals peinlich :grrrr

SVP will der Schweiz Nachbargebiete einverleiben (http://www.tagesanzeiger.ch/schweiz/standard/SVP-will-der-Schweiz-Nachbargebiete-einverleiben/story/23529806)

Kein Scherz: Die SVP fordert vom Bundesrat in einer Motion, die Einschweizerung des Vorarlbergs, von Savoyen und anderen Regionen vorzubereiten. Mehr... (http://www.tagesanzeiger.ch/schweiz/standard/SVP-will-der-Schweiz-Nachbargebiete-einverleiben/story/23529806)

Von Fabian Renz (http://www.tagesanzeiger.ch/stichwort/autor/fabian-renz/s.html). Aktualisiert um 10:44 Uhr205 Kommentare (http://www.tagesanzeiger.ch/schweiz/standard/SVP-will-der-Schweiz-Nachbargebiete-einverleiben/story/23529806#kommentar)

....so viele Kommentare von :hirn ---> :xyz

11.06.2010, 14:22
Maler Sigmar Polke gestorben (http://www.tagesanzeiger.ch/kultur/kunst/Maler-Sigmar-Polke-gestorben/story/18857409)

http://files.newsnetz.ch/story/1/8/8/18857409/13/teasermedium.jpg (http://www.tagesanzeiger.ch/kultur/kunst/Maler-Sigmar-Polke-gestorben/story/18857409) Der Maler ist in der Nacht zum Freitag nach langem Krebsleiden gestorben, wie sein Galerist Erhard Klein erklärt. Polke gehörte zu den bedeutendsten Künstlern der Nachkriegszeit. Er wurde 69 Jahre alt. Mehr... (http://www.tagesanzeiger.ch/kultur/kunst/Maler-Sigmar-Polke-gestorben/story/18857409)

Sigmar Polke (http://www.tagesanzeiger.ch/kultur/kunst/Maler-Sigmar-Polke-gestorben/story/18857409)

«Alchemist der Farben» erhält höchstdotierten Kunstpreis (http://www.tagesanzeiger.ch/kultur/kunst/Alchemist-der-Farben-erhaelt-hoechstdotierten-Kunstpreis/story/20248306)

Bilder und Medienmitteilung im Pressebereich
Pictures and media release in the press area mehr/more
Sigmar Polke – Kirchenfenster Grossmünster

Im Jahr 2006 hat Sigmar Polke einen Einladungswettbewerb zur Neugestaltung von Kirchenfenstern im Grossmünster Zürich gewonnen. Nun, nach drei Jahren der Umsetzung ist das grosse Werk vollendet. Sieben Fenster im westlichen Teil des Kirchenschiffs sind aus Achatschnitten gefertigt – hell leuchtende Steinwände sind entstanden. Die fünf Fenster, die sich ostwärts anschliessen, wurden in Glas gearbeitet und zeigen fünf alttestamentliche Figuren. Sie können als Präfigurationen Christi gelesen werden und führen so auf das Christuskind in den Chorfenstern von Augusto Giacometti hin. Vielfach ist das Spiel verschiedener Zeitachsen und -ebenen, die Sigmar Polke in den Kirchenraum gelegt hat: Von der Erdgeschichte führen sie über biblische Zeiten und die Romanik bis in unsere Gegenwart.......


Fotoline: Sigmar Polkes Züricher Kirchenfenster [7 Bilder] (http://www.ksta.de/html/fotolines/1261581629281/rahmen.shtml?1)

11.06.2010, 14:24
Verletzungen, Skandale, Dramen: Wie gut sind die 32 Teams in Form? (http://www.tagesanzeiger.ch/wm2010/die-wm/Verletzungen-Skandale-Dramen-Wie-gut-sind-die-32-Teams-in-Form/story/21030323)

http://files.newsnetz.ch/story/2/1/0/21030323/47/teaserbreit.jpg (http://www.tagesanzeiger.ch/wm2010/die-wm/Verletzungen-Skandale-Dramen-Wie-gut-sind-die-32-Teams-in-Form/story/21030323) Heute gehts los mit der Fussball-Weltmeisterschaft: Tagesanzeiger.ch/Newsnetz bringt zum Start den grossen Check der 32 Nationalmannschaften. Mehr... (http://www.tagesanzeiger.ch/wm2010/die-wm/Verletzungen-Skandale-Dramen-Wie-gut-sind-die-32-Teams-in-Form/story/21030323)

Von Thomas Niggl (http://www.tagesanzeiger.ch/stichwort/autor/thomas-niggl/s.html), Florian A. Lehmann (http://www.tagesanzeiger.ch/stichwort/autor/florian-a-lehmann/s.html). Aktualisiert vor 56 Minuten

Verbote, Zoff und ein qualmender Trainer (http://www.tagesanzeiger.ch/wm2010/die-wm/Verletzungen-Skandale-Dramen-Wie-gut-sind-die-32-Teams-in-Form/story/21030323)

11.06.2010, 14:26
WM-Eröffnungsfeier ohne Mandela (http://www.nzz.ch/nachrichten/wm2010/aktuell/wm-eroeffnungsfeier_ohne_mandela_1.6040144.html)

Früherer Staatspräsident Südafrikas trauert um verunfallte Ur-Enkelin (http://www.nzz.ch/nachrichten/wm2010/aktuell/wm-eroeffnungsfeier_ohne_mandela_1.6040144.html)

Nelson Mandela nimmt nicht an der Eröffnungsfeier der Fussball-WM teil. Der 91 Jahre alte frühere südafrikanische Präsident trauert um seine Ur-Enkelin Zenani Mandela, die bei einem Autounfall auf dem Heimweg vom Eröffnungskonzert ums Leben kam. (http://www.nzz.ch/nachrichten/wm2010/aktuell/wm-eroeffnungsfeier_ohne_mandela_1.6040144.html) ...http://www.nzz.ch/static-images/headline_topic_more.gif (http://www.nzz.ch/nachrichten/wm2010/aktuell/wm-eroeffnungsfeier_ohne_mandela_1.6040144.html)
http://www.nzz.ch/static-images/pixel.gif http://www.nzz.ch/static-images/news_readmore.gif WM-Ausblick: Geld, Geist und gute Hoffnung (http://www.nzz.ch/nachrichten/wm2010/aktuell/mit_der_teuren_fussball-wm_und_suedafrika_prallen_welten_aufeinander_1.6036839.html)
http://www.nzz.ch/static-images/news_readmore.gif Blatter: Weitermachen und weitermachen (http://www.nzz.ch/nachrichten/wm2010/aktuell/fussball_fifa-kongress_in_suedafrika_-_blatter_kuendigt_vierte_amtszeit_an_1.6030837.html)

http://www.nzz.ch/images/nelson_mandela_small_1.6041258.1276249480.jpg (http://www.nzz.ch/nachrichten/wm2010/aktuell/wm-eroeffnungsfeier_ohne_mandela_1.6040144.html)

11.06.2010, 16:30
GOOOOOOOOOOAAAAAAAAAAAAALLLLLLLLL!!! (http://www.huffingtonpost.com/huff-wires/20100611/soc-wcup-john-leicester-110610/)

World Cup Kicks Off!.. (http://www.huffingtonpost.com/huff-wires/20100611/us-wcup-opening-ceremony/) The Odds: Who Will Win?.. (http://www.huffingtonpost.com/2010/06/11/world-cup-2010-south-afri_n_590550.html)
U.S. Team The Deepest Ever.. (http://www.huffingtonpost.com/max-bergmann/us-team-is-deepest-ever_b_592397.html) LIVEBLOG: The First Game (http://www.huffingtonpost.com/2010/06/11/south-africa-vs-mexico-li_n_608574.html)

Mandela's Great-Granddaughter Killed In Crash.. (http://www.huffingtonpost.com/2010/06/11/zenani-mandela-dead-nelso_n_608510.html) ESPN Coverage Most Extensive Ever.. (http://www.huffingtonpost.com/2010/06/08/espn-univision-hope-us-is_n_604085.html) Refs Taught English Swear Words.. (http://www.huffingtonpost.com/2010/06/10/world-cup-referees-learni_n_607307.html) PHOTOS: Alicia, Shakira & Fergie Kick Off Ceremony (http://www.huffingtonpost.com/2010/06/10/world-cup-concert-draws-f_n_608120.html)

Comments (45) (http://www.huffingtonpost.com/2010/06/11/world-cup-celebrates-shar_n_608753.html#comments)
| Soccer (http://www.huffingtonpost.com/news/soccer)

11.06.2010, 16:36
Intraday Market Commentary (http://www.zerohedge.com/article/intraday-market-commentary)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 06/11/2010 09:16 -0500

http://www.zerohedge.com/sites/default/files/images/user5/imageroot/volcker/EURJPY%20ES_0_0.jpg LOL
5 comments (http://www.zerohedge.com/article/intraday-market-commentary#comments)

Read more (http://www.zerohedge.com/article/intraday-market-commentary)

11.06.2010, 16:39
S&P Withdraws AAA Rating On German Bonds, Blames Administrative Error, Promptly Reinstates Rating (http://www.zerohedge.com/article/sp-withdraws-aaa-rating-german-bonds-blames-administrative-error-promptly-reinstates-rating)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 06/11/2010 08:53 -0500

Now this is funny- we have just officially had the latest iteration in the "fat finger" mythology: S&P accidentally withdraws AAA rating of Germany due to "administrative error." Error is caught and promptly corrected, yet somehow none of the usual HFT latency arbitrage first responders do anything to punish German bonds. Time to recalibrate those sub-1millisecond headline response time algorithms. If only the S&P would be as prompt in correcting flawed upgrades of housing, CDOs and pretty much the entire ponzi system.
.....Oddly enough, nobody noticed...or better yet, nobody cared.

14 comments (http://www.zerohedge.com/article/sp-withdraws-aaa-rating-german-bonds-blames-administrative-error-promptly-reinstates-rating#comments)
Read more (http://www.zerohedge.com/article/sp-withdraws-aaa-rating-german-bonds-blames-administrative-error-promptly-reinstates-rating)

11.06.2010, 16:49
WATCH: Stewart On Latest BP Developments: 'We Are So F--ked' (http://www.huffingtonpost.com/2010/06/11/stewart-on-latest-bp-deve_n_608716.html)

Comments (http://www.huffingtonpost.com/2010/06/11/stewart-on-latest-bp-deve_n_608716.html#comments)
| Jon Stewart (http://www.huffingtonpost.com/news/jon-stewart)

11.06.2010, 17:01
Ölkatastrophe im Golf

Obamas BP-Schelte erzürnt Briten (http://www.spiegel.de/wirtschaft/unternehmen/0,1518,699999,00.html) (her majesty is certainly not amused :rolleyes)

Barack Obama stellt BP im Öldrama an den Pranger - und verärgert damit die Briten. Konservative in London werfen dem US-Präsidenten Populismus und Fremdenfeindlichkeit vor, sie fürchten einen schweren Imageschaden für ihren Vorzeigekonzern. Von Carsten Volkery, London mehr... (http://www.spiegel.de/wirtschaft/unternehmen/0,1518,699999,00.html) [ Video (http://www.spiegel.de/video/video-1069053.html) | Forum (http://forum.spiegel.de/showthread.php?t=16845) ]

....Die konservativen Medien Großbritanniens sehen nun die nationale Ehre verletzt. Der Chefredakteur des "Daily Telegraph" warf Obama "Effekthascherei" vor. Im selben Blatt schimpfte Redakteur Ian Cowie auf den amerikanischen "Lynch Mob". Statt sich hinter seinem britischen CEO zu verstecken, solle der amerikanische BP-Manager Bob Dudley besser "diesen populistischen Scheißkerlen erklären, dass dieser schlimme Unfall auf einer von Koreanern gebauten, in amerikanischem Besitz befindlichen und von der amerikanischen BP-Tochter geleasten Ölplattform passiert ist"...... :dumm
.....Die unsensiblen Äußerungen des BP-Chefs Hayward gelten allerdings auch in London als katastrophaler Fehler, der den Unmut der Amerikaner noch angefacht hat. Der Brite hatte unter anderem gesagt, der Ozean sei groß und der Umweltschaden gering.......:dumm (.....wirklich sehr dumm und arrogant :mad)

11.06.2010, 17:58
Im Super-TGV in zwei Tagen von London nach Peking:eek:eek:eek (http://www.tagesanzeiger.ch/wissen/technik/Im-SuperTGV-in-zwei-Tagen-von-London-nach-Peking/story/10622912)

[/url]Die chinesische Regierung will offenbar das ehrgeizigste Verkehrsprojekt des Jahrhunderts starten: eine Kontinente querende Zugsverbindung. Zeitungen berichten erstaunt von neuen Horizonten. [url="http://www.tagesanzeiger.ch/wissen/technik/Im-SuperTGV-in-zwei-Tagen-von-London-nach-Peking/story/10622912"]Mehr... (http://www.tagesanzeiger.ch/wissen/technik/Im-SuperTGV-in-zwei-Tagen-von-London-nach-Peking/story/10622912)

Aktualisiert um 16:45 Uhr

11.06.2010, 18:03
24 Stunden in Bildern

Die eindrücklichsten Fotografien des Tages.


11.06.2010, 18:22
http://s.huffpost.com/images/social-profile/lightbox/huffpo_logo_lightbox_beta.png World Cup 2010 LIVE Streaming Updates (PHOTOS) (http://www.huffingtonpost.com/2010/06/11/world-cup-2010-live-strea_n_608811.html)

comments(57) (http://www.huffingtonpost.com/2010/06/11/world-cup-2010-live-strea_n_608811.html#comments)

---> << Previous (http://www.huffingtonpost.com/2010/06/11/world-cup-2010-live-strea_n_608811.html#slide_image) 1 of 26 Next >> (http://www.huffingtonpost.com/2010/06/11/world-cup-2010-live-strea_n_608811.html#slide_image)
First Posted: 06-11-10 09:40 AM | Updated: 06-11-10 11:59 AM

11.06.2010, 18:30
WM gestartet – 1:1 zwischen Südafrika und Mexiko

Von Stephan Roth (http://www.tagesanzeiger.ch/stichwort/autor/stephan-roth/s.html). Aktualisiert vor 9 Minuten

Zum Auftakt der WM gab es zwischen Gastgeber Südafrika und Mexiko keinen Sieger. Tagesanzeiger.ch/Newsnetz berichtete live.
http://files.newsnetz.ch/images/scoreboard/161_120x120.png Südafrika http://files.newsnetz.ch/images/scoreboard/img_score_1.png http://files.newsnetz.ch/images/scoreboard/img_score_vs.png http://files.newsnetz.ch/images/scoreboard/img_score_1.png http://files.newsnetz.ch/images/scoreboard/149_120x120.png Mexiko

55. Tshabalala 1:0.
79. Marquez 1:1.

11.06.2010, 18:56
10. Juni 2010

Spanien geht ans "Eingemachte"-Verstoß gegen sozialen Frieden (http://spanienleben.blogspot.com/2010/06/spanien-geht-ans-eingemachte-versto.html)


http://spanienleben.blogspot.com/201...te-versto.html (http://spanienleben.blogspot.com/2010/06/spanien-geht-ans-eingemachte-versto.html)

Zum Original-Beitrag (http://showthread.php3?p=1317632#post1317632)

:rolleyes ...ist aber sehr beunruhigend :(

11.06.2010, 19:06
Firmen ziehen Raucherpausen von der Arbeitszeit ab (http://www.tagesanzeiger.ch/schweiz/standard/Firmen-ziehen-Raucherpausen-von-der-Arbeitszeit-ab/story/26363039)

http://files.newsnetz.ch/story/2/6/3/26363039/5/teasermedium.jpg (http://www.tagesanzeiger.ch/schweiz/standard/Firmen-ziehen-Raucherpausen-von-der-Arbeitszeit-ab/story/26363039) Raucher sitzen oft auf der Anklagebank – auch am Arbeitsplatz. Denn während sie draussen paffen, arbeiten die Kollegen weiter. Einige Firmen wie die Stadler Stahlguss in Biel ziehen nun Konsequenzen. Mehr... (http://www.tagesanzeiger.ch/schweiz/standard/Firmen-ziehen-Raucherpausen-von-der-Arbeitszeit-ab/story/26363039)

Von Mirjam Comtesse. Aktualisiert um 17:50 Uhr1 Kommentar (http://www.tagesanzeiger.ch/schweiz/standard/Firmen-ziehen-Raucherpausen-von-der-Arbeitszeit-ab/story/26363039#kommentar)

Rosario Centamore - 17:53 Uhr

Absolut recht so! Da kann ich gleich eine Anekdote bringen: Ich bin Nichtraucher und war es seit jeher. Ergo gehe ich in die beiden Kaffeepausen 1/4 Stunde pro Tag, that's it. Die Raucher/innen hingehen gehen x Mal am Tag zusätzlich. Macht auf den Tag gerechnet somit locker 1 Stunde zusätzlich Pause. Ja und ich? Darf ich auf die Kaummichätschpause oder Jasspause zusätzlich? Oder was darf ich?

11.06.2010, 19:20
So sah die Schweiz vor 100 Jahren aus

Von Rico Bandle (http://www.tagesanzeiger.ch/stichwort/autor/rico-bandle/s.html). Aktualisiert am 27.05.2010

Der Schweizer Ballonpionier Eduard Spelterini überflog vor hundert Jahren Schweizer Städte, die Alpen und einen Grossteil der Welt. Seine spektakulären Bilder sind jetzt wieder ausgestellt, wir zeigen eine Auswahl...:supi


11.06.2010, 19:47
11.06.2010, 17:49


Mindestens 37 Tote bei schweren Unruhen

Bei Unruhen in Kirgistan sind in der Nacht zum Freitag mindestens 37 Menschen getötet worden. 500 Personen wurden bei den Zusammenstößen in der Stadt Osch zwischen ethnischen Kirgisen und Angehörigen der usbekischstämmigen Minderheit verletzt.....
ganzer Artikel: http://www.focus.de/politik/weitere-meldungen/kirgistan-mindestens-37-tote-bei-schweren-unruhen-_aid_518511.html

:rolleyes :(

11.06.2010, 20:52
....die letzten Sonnenstrahlen - für heute ;)

12.06.2010, 12:13
Kirgisien ruft Russland zu Hilfe (http://www.tagesanzeiger.ch/ausland/asien-und-ozeanien/Kirgisien-ruft-Russland-zu-Hilfe/story/29354223)

http://files.newsnetz.ch/story/2/9/3/29354223/4/teaserbreit.jpg (http://www.tagesanzeiger.ch/ausland/asien-und-ozeanien/Kirgisien-ruft-Russland-zu-Hilfe/story/29354223) Übergangspräsidentin Rosa Otunbajewa hat den Kreml gebeten, militärische Unterstützung in ihr Land zu senden. Die Gewalt in Kirgisien sei ausser Kontrolle. Mehr... (http://www.tagesanzeiger.ch/ausland/asien-und-ozeanien/Kirgisien-ruft-Russland-zu-Hilfe/story/29354223)

Aktualisiert vor 22 Minuten

Mehrere Tote bei Auseinandersetzungen in Kirgisien (http://www.tagesanzeiger.ch/ausland/asien-und-ozeanien/Mehrere-Tote-bei-Auseinandersetzungen-in-Kirgisien-/story/13068625)
Kirgisien kommt nicht zur Ruhe (http://www.tagesanzeiger.ch/ausland/asien-und-ozeanien/Kirgisien-kommt-nicht-zur-Ruhe/story/31016876)

12.06.2010, 18:55
....sogar im Amiland wird darüber berichtet :rolleyes

SHOCK: Acupuncturist May Have Intentionally Injected Patients With HIV (http://www.huffingtonpost.com/2010/06/10/swiss-acupuncturist-may-h_n_607364.html)

http://i.huffpost.com/gen/173629/thumbs/s-ACUPUNCTURE-large300.jpg (http://www.huffingtonpost.com/2010/06/10/swiss-acupuncturist-may-h_n_607364.html)

Comments (214). (http://www.huffingtonpost.com/2010/06/10/swiss-acupuncturist-may-h_n_607364.html#comments)

Die Frauen und Männer waren beim selben Berner Heiler, einem Akupunkteur. Jetzt sind sie HIV-positiv.

Von Philippe Pfister | Aktualisiert um 11:37 | 07.06.2010

Es ist ein ungeheuerlicher, ja monströser Verdacht, den SonntagsBlick gegen den Berner Musiker und Heiler F. H.* publik machte: 18 Menschen soll er mit dem HI-Virus angesteckt haben – absichtlich.

Auf die Spur von F. H. kam das Berner Inselspital (siehe Interview im BLICK von heute). Ein HIV-positiver Mann behauptete Mitte 2004, er könne sich nur bei Heiler H. angesteckt haben – der habe ihm während einer Akupunktur-Behandlung eine Art Spritze in die Schulter verpasst. Die Ärzte schüttelten ungläubig den Kopf....

ganzer Artikel: http://www.blick.ch/news/schweiz/bern/18-schweizer-vorsaetzlich-mit-aids-infiziert-148454


12.06.2010, 19:13
....die Schweiz ist nicht dabei :rolleyes Deutschland auch nicht :rolleyes

World's Most Peaceful Countries: Global Peace Index (PHOTOS) (http://www.huffingtonpost.com/2010/06/12/worlds-most-peaceful-coun_n_608261.html)
First Posted: 06-12-10 10:15 AM | Updated: 06-12-10 10:20 AM

<< Previous (http://www.huffingtonpost.com/2010/06/12/worlds-most-peaceful-coun_n_608261.html#slide_image) 1 of 16 Next >> (http://www.huffingtonpost.com/2010/06/12/worlds-most-peaceful-coun_n_608261.html#slide_image)

12.06.2010, 19:40
Full World Cup Spread (http://www.zerohedge.com/article/full-world-cup-spread)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 06/12/2010 11:13 -0500

For the soccer fans out there, attached is a World Cup calendar by Marca.com (http://www.marca.com/deporte/futbol/mundial/sudafrica-2010/calendario-english.html)which provides an instant view of every day, match, team, group and stadium. By far the best one stop shop of catching up with everything happening during the tournament. And with that, there is only two hours left until the US-England game...and many, many BP halftime commercials.

http://www.zerohedge.com/sites/default/files/images/user5/imageroot/World%20Cup%20Calendar_0.jpg (http://www.marca.com/deporte/futbol/mundial/sudafrica-2010/calendario-english.html)

17 comments (http://www.zerohedge.com/article/full-world-cup-spread#comments)
Read more (http://www.zerohedge.com/article/full-world-cup-spread)

12.06.2010, 20:49
USA VERSUS ENGLAND (http://www.huffingtonpost.com/2010/06/11/world-cup-2010-live-strea_n_608811.html)
Key Game Details.. (http://www.huffingtonpost.com/2010/06/12/usa-vs-england-live-world_n_610081.html) LIVEBLOG.. (http://www.huffingtonpost.com/2010/06/11/world-cup-2010-live-strea_n_608811.html) PHOTOS: A Rivalry's History (http://www.huffingtonpost.com/2010/06/12/usa-vs-england-world-cup_n_609865.html)

http://i.huffpost.com/gen/174282/thumbs/r-USA-VERSUS-ENGLAND-huge.jpg (http://www.huffingtonpost.com/2010/06/11/world-cup-2010-live-strea_n_608811.html)

Max Bergmann: The Game We've Been Waiting For (http://www.huffingtonpost.com/max-bergmann/us-england-what-weve-been_b_609377.html)

Comments (280) (http://www.huffingtonpost.com/2010/06/12/usa-vs-england-live-world_n_610081.html#comments)
| World Cup 2010 (http://www.huffingtonpost.com/news/world-cup-2010)

12.06.2010, 20:58
Obama – Cameron: Heisser Draht über den Atlantik (http://www.tagesanzeiger.ch/ausland/amerika/Obama--Cameron-Heisser-Draht-ueber-den-Atlantik/story/10914480)

http://files.newsnetz.ch/story/1/0/9/10914480/6/teaserbreit.jpg (http://www.tagesanzeiger.ch/ausland/amerika/Obama--Cameron-Heisser-Draht-ueber-den-Atlantik/story/10914480) Wegen der immer schärfer werdenden Kritik aus Washington am britischen Erdölkonzern BP, haben die beiden Staatslenker miteinander telefoniert. Mehr... (http://www.tagesanzeiger.ch/ausland/amerika/Obama--Cameron-Heisser-Draht-ueber-den-Atlantik/story/10914480)

Die Briten bangen um ihren Ruf (http://www.tagesanzeiger.ch/ausland/europa/Die-Briten-bangen-um-ihren-Ruf/story/21364808)
Wer hat den Mut und kauft BP? (http://www.tagesanzeiger.ch/wirtschaft/unternehmen-und-konjunktur/Wer-hat-den-Mut-und-kauft-BP/story/20130295)
48-Stunden-Ultimatum an BP (http://www.tagesanzeiger.ch/ausland/amerika/48StundenUltimatum-an-BP/story/21414118)

12.06.2010, 21:24
DEMPSEY! Was für ein Riesenfehler von Englands Torhüter Robert Green:tröst Der Keeper von West Ham United liess einen Schuss von Clint Dempsey durchflutschen.

12.06.2010, 22:24
http://files.newsnetz.ch/images/scoreboard/141_120x120.png England .http://files.newsnetz.ch/images/scoreboard/img_score_1.png http://files.newsnetz.ch/images/scoreboard/img_score_vs.png http://files.newsnetz.ch/images/scoreboard/img_score_1.png . http://files.newsnetz.ch/images/scoreboard/164_120x120.png USA

4. Gerrard **************************40. Dempsey

12.06.2010, 22:24
Saudi Arabia gives Israel clear skies to attack Iranian nuclear sites (http://article.wn.com/view/2010/06/11/Saudi_Arabia_gives_Israel_clear_skies_to_attack_Iranian_nucl/?section=LatesPhotoNews&template=cheetah-worldnews%2Findex.txt) :rolleyes

http://cdn5.wn.com/vp/i/05/d65f12af4849d6.jpg (http://article.wn.com/view/2010/06/11/Saudi_Arabia_gives_Israel_clear_skies_to_attack_Iranian_nucl/?section=LatesPhotoNews&template=cheetah-worldnews%2Findex.txt)

The Timeshttp://cdn2.wn.com/vp/i/77/e7b6976fb597bc.gif (http://www.timesonline.co.uk/tol/news/world/middle_east/article7148555.ece)
Saudi (http://sauditimes.com/) Arabia (http://wnarabia.com/) has conducted tests to stand down its air (http://lemonde.com/s/airbases/) defences (http://defencenews.com/) to enable Israeli (http://israelfm.com/) jets to make a bombing raid on Iran's nuclear (http://nuclearreview.com/) facilities, The Times (http://worldtime.wn.com/) can reveal. In the week that the UN Security Council imposed a new round of sanctions on Tehran (http://tehran.com/),...
photo: AP Photo/Baz Ratner
Iran (http://wn.com/iran) Israel (http://wn.com/israel) Nuclear (http://wn.com/nuclear) Photos (http://upge.wn.com/?action=search&template=cheetah-worldphotos%2Findex.txt&search_string=Israel+and+Iran+and+nuclear+&language_id=1&photo_size=small&x=0&y=0&results_num=10&sort_type=nwf&corpus=current&search_type=boolean) Wikipedia: Iran–Israel relations (http://en.wikipedia.org/wiki/Iran%E2%80%93Israel_relations)

13.06.2010, 09:33
Visualizing The Numbers Behind The World Cup (http://www.zerohedge.com/article/visualizing-numbers-behind-world-cup)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 06/12/2010 20:48 -0500


A quick look at the "math" behind the spectacle that will consume over 25 billion people for the next thirty days.

28 comments (http://www.zerohedge.com/article/visualizing-numbers-behind-world-cup#comments)
Read more (http://www.zerohedge.com/article/visualizing-numbers-behind-world-cup)

13.06.2010, 09:37
S.African stores run out of 'vuvu-stopper' earplugs
(AFP) – 20 hours ago

CAPE TOWN — The vuvuzela trumpet might be synonymous with South African football fans, but not everyone can stand the din and Cape Town shops report they are running out of "vuvu-stopper" earplugs.

Vuvuzelas can record noise levels of up to 130 decibels, compared to the 100 produced by a chainsaw, and it seems many people need some peace.......


....sogar am Fernseher - das ist wirklich als ob man mitten in einem HonissenNest sässe :rolleyes nur viel lauter :oo

13.06.2010, 10:10
Israel owns the USA - Dr. Paul Craig Roberts


Israel :mad...es geht auch um das Öldesaster....sollte man sich anhören :oo


13.06.2010, 17:05
Anti-BP Art: The Best Visual Jabs To Come From The Oil Spill (PICTURES) (http://www.huffingtonpost.com/2010/06/13/anti-bp-art-the-best-visu_n_609660.html)

Katla McGlynn First Posted: 06-13-10 09:56 AM | Updated: 06-13-10 10:09 AM

The Gulf oil spill has left people angry and frustrated to say the least, but one good thing that's come out of it is angry fan art. Those who are boycotting BP or wishing Tony Hayward would fall into the sludge have used their artistic skills to create these funny images. From Spongebob's demise to an oil-slicked Little Mermaid, these images get the message across with a little humor to cushion the blow.


<< Previous (http://www.huffingtonpost.com/2010/06/13/anti-bp-art-the-best-visu_n_609660.html#slide_image) 11 of 12 Next >> (http://www.huffingtonpost.com/2010/06/13/anti-bp-art-the-best-visu_n_609660.html#slide_image)

13.06.2010, 18:43
Seeking Clarity On Goldman's Ethics Waiver (http://www.zerohedge.com/article/seeking-clarity-goldmans-ethics-waiver)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 06/12/2010 23:44 -0500

With daily geopolitical, natural resource and sovereign liquidity crises suddenly becoming the norm, it is easy to get sidetracked from other very important issues, in which, at least until recently, moderate progress had been achieved. Primary among these is the seeming disconnect (at least when compared to other banks such as Bear Stearns and Lehman Brothers) in the preferential treatment of Goldman Sachs. Now that Goldman is a household name, courtesy of a variety of litigation overtures, both in the civil and criminal arena, demonstrated by Goldman's popularity among the broader population (http://blogs.reuters.com/felix-salmon/2010/06/11/bp-still-not-as-evil-as-goldman-sachs/), the firm has been kind enough to publicize its "Code of Business Conduct and Ethics (http://www2.goldmansachs.com/our-firm/investors/corporate-governance/corporate-governance-documents/bus-cond-ethics.pdf)" in an attempt to placate the concerned populace, and demonstrate that Goldman has a whopping 4 pages dedicated to promoting legal behavior amongst its nearly 30,000 employees. What confuses us is the placement at the very end of this document of the following section, Waivers of This Code, in which one reads: "From time to time, the firm may waive certain provisions of this Code." In other words, Goldman's activities comply fully with legality until such time that Goldman decides it is in the name of the greater good to "waive" this compliance. We are confused that in light of this glaring loophole, not one question has been asked of Mr. Blankfein as to what specific circumstances have necessitated the invocation of the "ethics waiver", by either executive and non-executive employees: something which none other than former Goldman CEO Hank Paulson recently used (http://www.zerohedge.com/article/paulson-ethics-waiver)in order to pursue the full taxpayer-funded rescue of precisely this firm. Which is why, in the absence of others doing so, we have decided to ask this question directly of Goldman head of PR Lucas van Praag.

46 comments (http://www.zerohedge.com/article/seeking-clarity-goldmans-ethics-waiver#comments)
Read more (http://www.zerohedge.com/article/seeking-clarity-goldmans-ethics-waiver)
by Fish Gone Bad
on Sun, 06/13/2010 - 00:31
#410266 (http://www.zerohedge.com/article/seeking-clarity-goldmans-ethics-waiver#comment-410266)
Judge: Do you promise to tell the truth, the whole truth, and nothing but the truth?
Goldman: To a point.
Judge: What point is that?
Goldman: To the point that I am no longer telling the truth.

by russki standart
on Sun, 06/13/2010 - 01:35
#410311 (http://www.zerohedge.com/article/seeking-clarity-goldmans-ethics-waiver#comment-410311)
Hahaha! Ethics and Goldmans Sachs in the same sentence is a contradiction in terms. Besides, ethics are for the little people. We are doing Gods work and we pay our congressmen and regulators well.
Thanks for the Laff.

13.06.2010, 20:32
Göldi im Auto-Korso zum Airport – Calmy-Rey in Ghadhafis Zelt (http://www.tagesanzeiger.ch/schweiz/standard/Goeldi-im-AutoKorso-zum-Airport--CalmyRey-in-Ghadhafis-Zelt/story/23601253)

http://files.newsnetz.ch/story/2/3/6/23601253/144/teaserbreit.jpg (http://www.tagesanzeiger.ch/schweiz/standard/Goeldi-im-AutoKorso-zum-Airport--CalmyRey-in-Ghadhafis-Zelt/story/23601253) Nun überschlagen sich die Ereignisse in Tripolis. Während Max Göldi im Hotel von mehreren Autos abgeholt wurde, weilt die Schweizer Aussenministerin noch beim libyschen Machthaber. Doch: Wer reist mit wem wohin, und wann? Mehr... (http://www.tagesanzeiger.ch/schweiz/standard/Goeldi-im-AutoKorso-zum-Airport--CalmyRey-in-Ghadhafis-Zelt/story/23601253)

Aktualisiert vor 1 Minute

......hoffentlich bald hier :)

13.06.2010, 20:35
Live: TV-Ticker

Wie stark sind die Deutschen? (http://www.tagesanzeiger.ch/wm2010/matchberichte/Wie-stark-sind-die-Deutschen/story/11082528)

http://files.newsnetz.ch/story/1/1/0/11082528/3/teaserbreitgross.jpg (http://www.tagesanzeiger.ch/wm2010/matchberichte/Wie-stark-sind-die-Deutschen/story/11082528) Deutschland bekommt es zum WM-Auftakt mit Australien zu tun. Tagesanzeiger.ch/Newsnetz berichtet live. Mehr... (http://www.tagesanzeiger.ch/wm2010/matchberichte/Wie-stark-sind-die-Deutschen/story/11082528)

Von Stephan Roth (http://www.tagesanzeiger.ch/stichwort/autor/stephan-roth/s.html). Aktualisiert vor 17 Minuten

13.06.2010, 20:42
8' http://files.newsnetz.ch/css/images/icons/ico_fussball14x14.png Tor! PODOLSKI!

13.06.2010, 20:54
Börsenaufsicht schreckt Goldman mit neuem Beweismaterial (http://www.tagesanzeiger.ch/wirtschaft/unternehmen-und-konjunktur/Boersenaufsicht-schreckt-Goldman-mit-neuem-Beweismaterial/story/28969818)

http://files.newsnetz.ch/story/2/8/9/28969818/6/teasermedium.jpg (http://www.tagesanzeiger.ch/wirtschaft/unternehmen-und-konjunktur/Boersenaufsicht-schreckt-Goldman-mit-neuem-Beweismaterial/story/28969818) Die SEC setzt die amerikanische Grossbank unter Druck: Sie bringt immer neue belastende Beweise vor Gericht – eine bewusste Strategie, sagen Experten. Mehr... (http://www.tagesanzeiger.ch/wirtschaft/unternehmen-und-konjunktur/Boersenaufsicht-schreckt-Goldman-mit-neuem-Beweismaterial/story/28969818)

Aktualisiert um 14:19 Uhr

....na hoffentlich ersticken sie in ihrem eigenen Dreck :oo

13.06.2010, 20:59
26' http://files.newsnetz.ch/css/images/icons/ico_fussball14x14.png Tor! 2:0 KLOSE!

13.06.2010, 21:12
Abstecher nach Libyen – fliegt Göldi mit Berlusconi heim? (http://www.tagesanzeiger.ch/schweiz/standard/Abstecher-nach-Libyen--fliegt-Goeldi-mit-Berlusconi-heim/story/23601253)

http://files.newsnetz.ch/story/2/3/6/23601253/146/teaserbreit.jpg (http://www.tagesanzeiger.ch/schweiz/standard/Abstecher-nach-Libyen--fliegt-Goeldi-mit-Berlusconi-heim/story/23601253) Nun überschlagen sich die Ereignisse in Tripolis. Während Max Göldi im Hotel von mehreren Autos abgeholt wurde, weilt die Schweizer Aussenministerin noch beim libyschen Machthaber. Doch: Wer reist mit wem wohin, und wann? Mehr... (http://www.tagesanzeiger.ch/schweiz/standard/Abstecher-nach-Libyen--fliegt-Goeldi-mit-Berlusconi-heim/story/23601253)

Aktualisiert vor 4 Minuten

....hauptsache er kommt :cool

13.06.2010, 21:55
68' http://files.newsnetz.ch/css/images/icons/ico_fussball14x14.png Tor! 3:0 MÜLLER!

13.06.2010, 21:57
70' http://files.newsnetz.ch/css/images/icons/ico_fussball14x14.png Tor! 4:0 CACAU!

13.06.2010, 22:00
Göldi in Tripolis gestartet – Calmy-Rey in Ghadhafis Zelt (http://www.tagesanzeiger.ch/schweiz/standard/Goeldi-in-Tripolis-gestartet--CalmyRey-in-Ghadhafis-Zelt/story/23601253)

http://files.newsnetz.ch/story/2/3/6/23601253/155/teaserbreit.jpg (http://www.tagesanzeiger.ch/schweiz/standard/Goeldi-in-Tripolis-gestartet--CalmyRey-in-Ghadhafis-Zelt/story/23601253)

13.06.2010, 22:18
Aktualisiert vor 2 Minuten

Die Aussenministerin wurde am Abend von Muammar Ghadhafi in dessen Zelt eingeladen. Max Göldi hat derweil Tripolis verlassen. Nicht in einer Regierungsmaschine. Fragt sich, wo landet der Schweizer? :rolleyes:confused

Göldi habe mit einem Linienflug das Land verlassen. Dies berichtete die italienische Nachrichtenagentur Ansa, die sich auf libysche Quellen berief. Eine offizielle Bestätigung gab es bislang nicht. Göldis Anwalt Salah Zahaf bestätigte gegenüber der Nachrichtenagentur SDA nur, Göldi habe ein Flugzeug bestiegen und dieses werde demnächst abheben.

Die Nachrichtenagentur Ansa meldete zudem, dass auch die Schweizer Aussenministerin Micheline Calmy-Rey (http://www.tagesanzeiger.ch/schweiz/standard/personen/micheline-calmy-rey/s.html) und ihr spanischer Amtskollege Miguel Angel Moratinos das Land verlassen haben. Sie hatten sich zuvor gemeinsam mit Italiens Ministerpräsident Silvio Berlusconi um eine Ausreise Göldis bemüht......


....ziemlich Nerven aufreibend scheint mir :rolleyes


13.06.2010, 22:21
http://files.newsnetz.ch/images/scoreboard/138_120x120.png Deutschland http://files.newsnetz.ch/images/scoreboard/img_score_4.png http://files.newsnetz.ch/images/scoreboard/img_score_vs.png http://files.newsnetz.ch/images/scoreboard/img_score_0.png http://files.newsnetz.ch/images/scoreboard/135_120x120.png Australien

8. Podolski
26. Klose
68. Müller
70. Cacau

13.06.2010, 22:33
13. Juni 2010, 22:24

Göldi verlässt Libyen - Linienflugzeug startet in Tripolis

Max Göldi hat Libyen mit dem Flugzeug verlassen. Zuvor soll er mit mehreren Autos aus seinem Hotel abgeholt worden sein.

(sda/ansa/dpa) Der Schweizer Max Göldi ist von Tripolis abgeflogen. Laut den italienischen Nachrichtenagenturen Ansa und AGI, die sich auf libysche und italienische Diplomaten beriefen, hob sein Linienflugzeug am Abend ab.

Er sei glücklich, gehen zu können, sagte Göldi zu Ansa. Er werde «nie mehr» nach Libyen zurückkehren. Zuvor war berichtet worden, Göldi sei mit mehreren Autos aus seinem Hotel abgeholt worden.....


14.06.2010, 08:18
Göldi und Calmy-Rey sind um 01.20 Uhr in Kloten gelandet (http://www.tagesanzeiger.ch/schweiz/standard/Goeldi-und-CalmyRey-sind-um-0120-Uhr-in-Kloten-gelandet/story/23601253)

http://files.newsnetz.ch/story/2/3/6/23601253/228/teaserbreit.jpg (http://www.tagesanzeiger.ch/schweiz/standard/Goeldi-und-CalmyRey-sind-um-0120-Uhr-in-Kloten-gelandet/story/23601253) Der 54-jährige Ingenieur Max Göldi, der fast zwei Jahre in Libyen festgehalten wurde, hat wieder Schweizer Boden unter den Füssen. Mehr... (http://www.tagesanzeiger.ch/schweiz/standard/Goeldi-und-CalmyRey-sind-um-0120-Uhr-in-Kloten-gelandet/story/23601253)

Aktualisiert um 06:58 Uhr

....endlich :)

14.06.2010, 08:38
US "Discovers" Nearly $1 Trillion In Mineral Deposits In Afghanistan (http://www.zerohedge.com/article/us-discovers-nearly-1-trillion-mineral-deposits-afghanistan)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 06/13/2010 21:15 -0500

And there are those who wonder why the US has spent countless dollars and thousands of dead soldiers protecting a few desolate mountain passes in Afghanistan. And no, it turns out it is not just the opium trade. The NYT reports (http://www.nytimes.com/2010/06/14/world/asia/14minerals.html?src=twt&twt=nytimes)that "The United States has discovered nearly $1 trillion in untapped mineral deposits in Afghanistan, far beyond any previously known reserves and enough to fundamentally alter the Afghan economy and perhaps the Afghan war itself, according to senior American government officials." The article continues, "The previously unknown deposits — including huge veins of iron, copper, cobalt, gold and critical industrial metals like lithium — are so big and include so many minerals that are essential to modern industry that Afghanistan could eventually be transformed into one of the most important mining centers in the world, the United States officials believe." Ah yes - "previously unknown." Yet the punchline of the piece : "The vast scale of Afghanistan’s mineral wealth was discovered by a small team of Pentagon officials and American geologists." Because $1 trillion worth of minerals just lie there waiting to be discovered almost 10 years after the initial incursion. Next thing you know FCX already had an entire mining infrastructure in place just in case a contingency like this miraculously occurred. In the meantime, look for gold prices to plunge as the newly uncovered gold deposits are rumored to be "large" enough to once again refill Fort Knox and to push the supply curve three miles to the right.

179 comments (http://www.zerohedge.com/article/us-discovers-nearly-1-trillion-mineral-deposits-afghanistan#comments)
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by Seal
on Sun, 06/13/2010 - 23:56
#411853 (http://www.zerohedge.com/article/us-discovers-nearly-1-trillion-mineral-deposits-afghanistan#comment-411853)
I wonder if the CIA will get out of the heroin business now or just add minerals to their business plan

:rolleyes :nw

14.06.2010, 09:57
....hier der Artikel der NYT

U.S. Identifies Vast Riches of Minerals in Afghanistan

http://graphics8.nytimes.com/images/2010/06/14/world/MINERAL/MINERAL-articleLarge.jpg Tyler Hicks/The New York Times
A bleak Ghazni Province seems to offer little, but a Pentagon study says it may have among the world’s largest deposits of lithium.

By JAMES RISEN (http://topics.nytimes.com/top/reference/timestopics/people/r/james_risen/index.html?inline=nyt-per)

Published: June 13, 2010

WASHINGTON — The United States has discovered nearly $1 trillion in untapped mineral deposits in Afghanistan (http://topics.nytimes.com/top/news/international/countriesandterritories/afghanistan/index.html?inline=nyt-geo), far beyond any previously known reserves and enough to fundamentally alter the Afghan economy and perhaps the Afghan war itself, according to senior American government officials......

.....So the Obama administration is hungry for some positive news to come out of Afghanistan. Yet the American officials also recognize that the mineral discoveries will almost certainly have a double-edged impact. Instead of bringing peace, the newfound mineral wealth could lead the Taliban (http://topics.nytimes.com/top/reference/timestopics/organizations/t/taliban/index.html?inline=nyt-org) to battle even more fiercely to regain control of the country......


14.06.2010, 10:30
http://s.huffpost.com/images/social-profile/lightbox/huffpo_logo_lightbox_beta.png 9 Unusual Animal Relationships (PHOTOS/VIDEOS) (http://www.huffingtonpost.com/2010/06/11/9-unusual-animal-relation_n_582371.html)

Huffington Post | Travis Walter Donovan Posted: 06-11-10 04:38 PM

At a Japanese zoo, an unlikely surprise happened when the zoo keeper tried to feed a hamster to a rat snake. The snake refused to eat it! The two ended up becoming roommates, and the hamster even curls up for a nap on top of the snake. Watch the full video here (http://www.youtube.com/watch?v=-IG4kceZBWA).
comments(160) (http://www.huffingtonpost.com/2010/06/11/9-unusual-animal-relation_n_582371.html#comments)


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....Tiere sind wohl doch die "besseren" Kreaturen :supi

14.06.2010, 13:15
Brasilien setzt Schweiz auf schwarze Liste

14.06.10, 06:48
Die Schweiz steht erneut auf einer schwarzen Liste. Dieses Mal ist es die brasilianische Regierung, welche die Schweiz zur Steueroase erklärt. mehr » (http://www.cash.ch/news/topnews/brasilien_setzt_schweiz_auf_schwarze_liste_-918156-771)


14.06.2010, 14:00
http://www.vanityfair.com/images/thumbnails/business/100-to-blame-120.jpg (http://www.vanityfair.com/online/politics/2009/09/the-100-to-blame.html)


The 100 to Blame (http://www.vanityfair.com/online/politics/2009/09/the-100-to-blame.html)

Bruce Feirstein charts the 100 people, companies, institutions, and vices most responsible for the economic mess.

.....ist zwar schon fast ein Jahr her - trotzdem immer noch ziemlich aktuell ;):D

14.06.2010, 15:04


-> Posted by GoldenAge @ 22:51 pm on June 13, 2010 :thanx