ZGR 2/8/2013


-Hyper-inflation accelerates in Argentina as Kirchners Pals at the CB print, and print

-Italy Vote Seen Inconclusive as Risk of Second Ballot Grows

-Eurtrash Leaders Announces $1.2 tln, 7 year deal, MEP in revolt. 1 pc of GDP spending. Cameron anoints himself St. George and Victor.

-Spain AG opens criminal investigation of  PP/Rajoy over Bracenas papers

-USA trade Deficit shrinks on Gold, Planes, Oil exports. Imports ominously fall in typically heavy month in December.

- Japan 2012 Trade Deficit is largest since 1985; Current Account registers its first back-to-back monthly deficit since

-RBA minutes cuts growth outlook

-EU leaders close in on historic €960bn budget

-EU Warns of Corruption in Spain (what a Joke)

- Nikkei225 ends longest weekly winning since 1959. first loss in 13 weeks

-ZGR warns of Corruption at the BOI/ECB/City of London/ESM

-China Inflation Subsides, Trade Surges in Holiday Month

-787 resumes test flights




-Market Summary


The global wave started with China’s trade figures in January. Exports surged from a year earlier to US$187.4 billion in January, a strong start partly due to seasonal factors but also an indication of improving external conditions. Imports also surged, by 28.8 percent to US$158.2 billion last month as domestic demand picked up.In December exports rose 14.1 percent and imports 6 percent. The trade surplus in January was US$29.2 billion, up 7.7 percent. The data was skewed by 4 more working days in the month  due to shifting holiday schedules in China. Barclays economist Chang Jian said the growing trade surplus may add near-term appreciation pressure on the Chinese currency as capital inflows continue. Chang said the yuan may strengthen by 2 percent against the dollar in 2013, assuming a moderate export recovery. China’s business with major trading partners increased in January. Shipments with the European Union, its biggest trading partner, grew 10.5 percent to US$47.1 billion. Trade with the United States rose 23.4 percent to US$43.7 billion, and with ASEAN countries the rate surged to 42.9 percent.The Customs report also said yesterday that a survey showed rising confidence among exporters. In January, 40.9 percent of respondents were pessimistic about business in the next two to three months, compared to 46.4 percent in December.Last year as a whole, China’s exports increased 7.9 percent and imports gained 4.3 percent, with net trade contributing 9.6 percent to the country’s economy.Once holiday distortions are factored out, trade growth for the first three months of the year should be in high single digits, according to Goldman Sachs. The Shanghai Composite, finished up .57 pc, and Hang Seng up .16 pc.

Japan and China continued to spar over the disputed Islands.

Japan booked profits ahead of the Asian New Year as the Nikkei finally ended its longest winning streak since 1959. Asian  markets were broadly higher on China’s trade report, but money was taken off the table for the Lunar New Year Celebration in  many markets by the end of the session.

DJ Asia-Pacific TSM 1352.48 -2.62 -0.19
 Australia: S&P/ASX* 4971.30 35.60 0.72
 China: Shanghai Composite* 2432.40 13.87 0.57
 Hong Kong: Hang Seng* 23215.16 38.16 0.16
 India: BSE Sensex* 19484.77 -95.55 -0.49
 Japan: Nikkei Average* 11153.16 -203.91 -1.80
 Taiwan: TAIEX* 7906.65 19.71 0.2

Eurotrash  Region

In Europe, Cameron anointed himself St. George and ‘won’ and got the EU rebate to the UK left alone, and got a first ever budget decrease to Brussels – impressive considering the 4 pc real inflation the EU has as major housing bubbles remain intact in much of Europe. The budget was for $1.2 tln over 7  years, so not worth the press coverage or time, but more of a study in European current political realities. Other than Greece, the PIIGS got few concessions from the richer nations. MEPs  immediately rebelled and threatened to not pass it as Cameron whacked at their salaries. Hollande might have problems getting it passed as he came away empty handed at least on the surface. Cameron is sure to get a big boost as is Merkel in an Election year for this budget. The Germans like Americans are pulling back on imports and spending but some of the European data was better than expected.

It looked like the ESM was active to cap Italy/Spain CDS and Bond Yields in today’s thin markets. The Italian election is anyone’s guess, and simply there is a global blackout on Rajoy’s mess, probably until this weekend. A criminal investigation is underway.

We had a big top on E$ mania and the ESM/ECB ‘Noyer’ put, then a break and now a big surge, which I shorted on the DAX today.

The Swedish finance minister emerged to throw cold water on some better than expected economic results and said 2013/14 would be challenging. Draghi was widely exonerated by the press whores of Europe, when even his own pals at the BOI, anonymously fingered him as having full knowledge of everything about MP at the BOI . Europeans and especially their journalist don’t work hard in addition to being ineffable dissimulator and liars. When I tuned in BBN -TV in London they were reading some Scandal rag and commenting on which women had the biggest rear ends and looking for weekly shopping deals. Truly amazing to do so where the Boss can see you on live TV. Bloomberg should can that entire London team, and move some Germans and Americans in they are so, so worthless that Bloomberg is not moving to Frankfurt is pretty telling that England will remain the head of Europe and Cameron and Miliband crowed as much. The power of the Royal Windsor-Rothschilds drug, war, market rigging, murdering and slave trading $250 Tln dollar book.

Traders were absent in London today by and large as it look like Rothschilds gave his gang an early day off . I guess relief  that their boys Draghi and Carney survived and Rothschilds stooges can continue their dirty work. Miliband was boasting England would be the center of Europe, he meant head. His forefathers were responsible for murdering 60 million in the Soviet Union. So that is the ‘royal’ Jewish-communist  filth that is going to run Europe. He says he is not a Zionist.

Cameron out  Jewed all the other Jews at the EU budget meeting. So England is truly the King of the Jews as well as the King of Europa. Can’t wait until Israel and its Suburb Turkey are part of that Freak show.

Italia Telcom was down -4.5 pc when I looked at last night on results and analysts are not shameless enough to talk results up as they have been very subpar outside of German stocks. France is going to bailout Peugeot again.

The Greeks tossed themselves a big rally on a phony budget even though the communist Tspiras is in the wings. I guess word that the EU would toss a few more billion at them got their market moving, despite tax collection falling off a cliff  in Jan. Smirkel has to keep them around through her election. Gold mining does seem to be picking up in Greece despite massive protests. I suppose with the fantasy USA  CBO budget and GDP projections, I should not have been so shocked by the Greeks. USA econometric fraud is an outrage and a crime.

Europe was largely up on the weak Euro, some mild improvement in econometric data, the budget and its biggest trading partner, China moving again. European markets have not priced in any sort of dislocation, or even continued zero growth. The ESM is as artless as the USA, Exchange stabilization Fund the UST /FED run in rigging markets. This Regling fellow is a real crude operators, but I can understand the need to take on the shylocks  in London in the CDS market and the need to cap bond yield, but it is done in a non-transparent man, and the gold rig of the ECB/BOE /FED is far more criminal than Libor.

The Stoxx 600 trimmed this week’s decline to 0.3 percent as a gauge of banking shares climbed 2.8 percent, the most in a month, and the most overly leveraged, opaque, and corrupt sector of the EU economy as MP and the Spanish bank have shown us. Market are still around 3 pc from the highs. Italy’s elections are in three weeks, and everything the Greek government says, is a pure fiction. Outrageous really. There would not be rioting in the streets, people being trammeled over food and the mass migration if the economy was improving as the desperate Greek pols slide in the polls and the far right and far left gain in popularity nearly every week.

The WSJ had a good graphic on Germany’s/EU currency rigging game. The Germans are the last ones to accuse Japan or the USA or anyone of being currency riggers. Germany is winning and everyone else losing is not going to last forever in the EU. If the Germans continue to squeeze the peripheral states, the EU will break up.

Stoxx Europe 600* 287.34 3.46 1.22
 Belgium: Bel-20* 2505.91 12.65 0.51
 France: CAC 40* 3649.50 48.45 1.35
 Germany: DAX* 7652.14 61.29 0.81
 Italy: FTSE MIB* 16630.50 229.94 1.40
 Sweden: OMX Stockholm* 365.87 2.84 0.78
 UK: FTSE 100* 6263.93 35.51 0.57

If the euro-zone members didn't share a currency, exchange rate, the value of each country's currency would differ



The FED head Evans was used to pump the dollar and give background to the selling of gold in the especially thin Friday trade as China disappears into the hinterlands for a week. We got the magic 1666 hit again today as April Gold finished at 1666.90. The FED did increase its balance sheet last week for the third week in a Row, but Y/Y and W/W there is no whole-scale QE4 by the FED, so far. Mainly taking toxic assets off the banks hands so they can speculate in the UST, and equity markets and short the commodity markets. Yesterday’s take down of gold and oil with HFT algorithms was surreal. Probably it is GS computers that net all the trades and run the tape from some offshore location or London. GS is everywhere as Europe informs us. The SP has yet to have a break, although the DIA cant hold 14,000. So I am carrying shorts over the weekend. At some point like with the Nikkei the SP will break. A lot of retail money is pushing the markets up here. Obama speaks on Tuesday and I may have to short, cost average until after Wednesday. There has been no volume and short interest is way down and margin trading is  way, way up. If you’re a short, you need to learn to box and ride , spread trade and dollar average to stay in the game as you’re fighting WS and the political apparatus of the UST/PPT/FED and its satellite the BOJ and Partner, ESM/ECB.

The USA had a much welcome and major decrease in the trade balance as Gold, planes and oil significantly reduced the USA deficit. Unfortunately USA imports, the demand side, decreased and inventories decreased. The December trade balance was -$35.8 bln. As Japan steps up to buy NG, and the Keystone pipeline comes on fully the USA trade deficit trend should persist and this is a major development that will underpin the dollar.

In the Boeing situation we had an ominous development as the A350 is going to drop Lithium battery technology. Thus the EU may kill the B787 and force it into a major redesign, which may have explained Hollandes smirking at the Press conference after the closed door all night meeting. Mathematically what happened to Boeing was certain sabotage. The batteries will get the blame. We had the evil, illuminati Jewess from the NTSB, yesterday in her BW outfit, literally a political science major demand LI battery technology be dropped, her only “qualification” is she was a school bus driver and is an evil Jew. .Having designed some of these in graduate school more than 30 years ago, for much more critical applications, I feel Boeings selection was correct, especially with the quad redundancy. They may need to beef up the fire control box around the battery to prevent sabotage and take the fail-safe/monitor out of the hands of the very corrupt French. The Europeans are as  big of technology thieves and as underhanded as the Chinacoms so Boeing needs major political support, or the leverage of uncovering the Sabotage and bringing the Europeans down in a major way, which I would love to see. Obama has been no supporter of Boeing, in fact hes done plenty to scuttle them behind the scenes. This is the problem with the ‘globalist, all loyalty is to London. Boeing delayed deliveries of the B787 officially and is seeking more test flights and is said to be working on battery redesign, probably to mitigate sabotage by the Europeans. Prince Charles a long time ago under the Anglomason Stonecipher demanded Boeing gift Asia and the EU with highly proprietary technology and Boeing is regrouping from that and ex Japan bringing the work back home slowly. That does not sit well with Prince Charles and his utterly godless, secularist humanist and pagan Europe. What a piece of moral execrement this English crown is, a mouse farts and the Crown knows about it in the USA. They read this obscure blog every day showing you how paranoid and delusional they are at MI6.

McDonald’s January sales comps were negative, as the company had warned. Analysts say the company’s terrible -9.5% comp in Asia was due in part to the timing of Chinese New Year and the impact of the tainted fast food chicken issue. Shares of MCD are in positive territory. I don’t believe the analysts.

Linkedin widely beat expectations in its Q4 results, with members surpassing 100M and subscription revenue up 78%. LNKD was  up 19% in the morning when I looked at it. It is a ‘real’ .com stock versus Yelp. Yelp reminds me of www.pets.com.

Stalin was insane and smiled and glad handed and was praised by his fellow Jews at the NYTs as  he murdered 60 million (per Solzhenitsyn),so the Magik Negro or Black-Anglo-Jew is now fully exposed even in the MSM of wanting to be the jury, judge and executioner. Prince Charles has a Butcher over us, with his extraordinary hatred of Americans, and America. Probably MI6 phones the list into one of his bloody aides. Certainly America is not a safe place to visit with the Crown launching its MK Ultra/Zoloft shooters upon everyone, and with Obama looking to murder whoever displeases him and smile about it.


Venezuela devalued the Bolivar,and Argentina went to price controls and more stringent Capital controls as hyperinflation sets in. 

Have a good weekend.
3:23 p.m. EST 02/08/13Major Stock Indexes
Last Change % Chg
DJIA 13975.08 31.03 0.22
Nasdaq 3191.78 26.64 0.84
S&P 500 1515.97 6.58 0.44
DJ Total Stock Market 15828.40 74.44 0.47
Russell 2000 913.44 5.34 0.59
Global Dow 2109.37 5.00 0.24
Japan: Nikkei Average* 11153.16 -203.91 -1.80
Stoxx Europe 600* 287.34 3.46 1.22
UK: FTSE 100* 6263.93 35.51 0.57
3:23 p.m. EST 02/08/13Treasurys
Price Chg Yield %
2-Year Note 1/32 0.258
10-Year Note 1/32 1.954
* at close
3:13 p.m. EST 02/08/13Futures
Last Change Settle
Crude Oil 95.71 -0.12 95.83
Gold 1668.4 -2.9 1671.3
E-mini Dow 13935 37 13898
E-mini S&P 500 1513.50 8.25 1505.25
3:23 p.m. EST 02/08/13Currencies
Last (mid) Prior Day †
Japanese Yen (USD/JPY) 92.74 93.63
Euro (EUR/USD) 1.3364 1.3397
† Late New York trading.

USA Session E. Data
(CL) Chile Jan CPI M/M: 0.2% v 0.1%e; Y/Y: 1.5% v 1.5%e; CPI Ex Perishables & Fuel M/M: 0.1% v 0.1%e  USA Session Economic Release Summary

(IN) India Forex Reserves w/e Feb 1st: $295.2B v $295.7B prior
(CA) Canada Jan Housing Starts: 160.6K v 195.0Ke
(CA) Canada Dec Int’l Merchandise Trade: -C$0.9B v -C$1.5Be
(US) Dec Trade Balance: -$38.5B v -$46.0Be
(CA) Canada Jan Net Change in Employment: -21.9K v +5.0Ke; Unemployment Rate: 7.0% v 7.2%e
(MX) Mexico Nov Gross Fixed Investment: % v 5.1%e
(US) Dec Wholesale Inventories M/M: -0.1% v 0.4%e


Same 1666 price as yesterday. Computer program. Yesterday the ECB/ESM, today the FED/PPT/cartel.

1:17 p.m. EST 02/08/13Major Stock Indexes
Last Change % Chg
DJIA 13991.76 47.71 0.34
Nasdaq 3195.46 30.33 0.96
S&P 500 1516.89 7.50 0.50
DJ Total Stock Market 15836.70 82.74 0.53
Russell 2000 913.71 5.61 0.62
Global Dow 2110.19 5.82 0.28
Japan: Nikkei Average* 11153.16 -203.91 -1.80
Stoxx Europe 600* 287.34 3.46 1.22
UK: FTSE 100* 6263.93 35.51 0.57
1:15 p.m. EST 02/08/13Treasurys
Price Chg Yield %
2-Year Note 0/32 0.266
10-Year Note -2/32 1.964
* at close
1:07 p.m. EST 02/08/13Futures
Last Change Settle
Crude Oil 95.65 -0.18 95.83
Gold 1666.8 -4.5 1671.3
E-mini Dow 13943 45 13898
E-mini S&P 500 1513.25 8.00 1505.25
1:17 p.m. EST 02/08/13Currencies
Last (mid) Prior Day †
Japanese Yen (USD/JPY) 92.76 93.63
Euro (EUR/USD) 1.3362 1.339

-Fascinating how this major story in Spain and the secret Swiss bank accounts of the Spain pols keeps getting censored in the Zionist press. Rajoy is a real favorite of the illuminati. Probably this weekend the English language press and German press will cover this story in depth. The NYT is MIA. Even the blabber mouths at the DT/Daily Mail/FT have been silent. Rajoy is no ones fool and my have a lot of dirt on everyone.

-Italy’s election in three weeks may yield a hung parliament, requiring a follow-up vote to establish a governing majority, a member of poll leader Pier Luigi Bersani’s campaign said for the first time.

-By 2050, Hispanics will make up 30% of the U.S. population & their influence is already being felt. PEW research

-BoE’s Carney total comp $874K . King: £307K. Bernanke: $199.7K . Draghi: € 370K. SNB head: SFR 1.05 MN

-Prince Charles/Rothschilds going to drought us for fun, profit and land consolidation?

Private equity bets a billion on desalination plants in California, despite cheaper water options  http://bloom.bg/XZacnI

- NE Blizzard cancels thousands of flights, threatens to be largest in 100 years


-Ha, ha, these EU quacks. They can’t get their budget through the unelected EU parliament as they did not let those goons salaries go up. The kangroo court of the EU parliament is not happy. Europeans are so full of garbage. Worse than our Anglo-Zionist team. So the Parliamentarians are threatening their overseers. Too funny. And they also have to get this budget approved by their respective governments.

-Bill Gross:Economies 2 highly levered 4 any central bank 2 raise interest rates for years. Stick 2 5yr maturities; lng bonds reflect future inflation

-Shannon Airport in western Ireland, where the emergency landing took place, says all 182 passengers and 10 crew members on Friday’s flight are unhurt.All remained on the Boeing 777 as engineers inspected the aircraft to determine whether it could continue its journey.Passengers sending text messages from the aircraft say the pilots reported smoke in the cockpit and dumped fuel in the Atlantic before turning back to Ireland.Shannon, the westernmost major airport in Europe, experiences about two emergency diversions of trans-Atlantic flights per month.

-The French government says it will prop up Peugeot, but the car maker has European problems, not financial ones. WSJ

-EU leaders finally reached a seven-year budget accord Friday after marathon talks driven by sharp differences over the bloc’s priorities for the rest of the decade.”Deal done!” summit chair and EU President Herman Van Rompuy said on Twitter after more than 24 hours of tough talks between the bloc’s 27 heads of state and government.”Worth waiting for,” he added, without giving details of the deal.Pushed by British Prime Minister David Cameron, who said the EU could not decide an increase at a time of austerity, leaders were looking at a cut in spending of around three percent compared with the previous budget, according to a draft. France, along with Italy, fought to protect spending it saw as essential to boost growth and jobs at a time of record unemployment.A draft worked out overnight set 2014-20 actual spending or “payments” at 908.4 billion euros ($1.2 trillion), with an absolute ceiling of 960 billion euros for spending “commitments” to the budget.That is just one percent of the bloc’s gross domestic product. It would represent a 3.0 percent cut from the 2007-13 budget and is less than the 973 billion euros Cameron and allies such as the Netherlands rejected at a budget summit in November that collapsed without a deal. AFP

No one dared ask Rajoy any questions about criminal investigation at his press conference. Showing you what lackey’s the press are in Europe , just like in the USA, the crown owns them all. 

PM Samaras: We managed to get the biggest rise in funds among the EU countries

Hollande: This was the best deal on offer given the context

Cameron: I need to take this deal to UK parliament, Merkel needs to take it to Bundestag – national parliaments where real accountability is.  Suggestion MEPs would hold secret vote is baffling, citizens need to know how their representatives vote to judge their performance. ”I have worked closely with the Danes, Dutch, Swedes and Angela.”" I have fought, I have a cut, I have resisted all attacks against our rebate, and won.”Cameron says 1st time EU budget multi-year been cut, 1st time budget less than 1% of EU gross national income

Merkel: The effort was worth it…the agreement is good and important

-Hollande says for now no impact on French growth from strong E$  (when asked about whether he’s revising growth forecast)

-Bill Clinton: Obamacare was ‘best bill you could have passed (for the Rockefeller family investment portofolio of over $100 tln, death and cancer by the rockefeller family vaccine machine. bill clinton is w. rockefeller sr, illegitimate son,that is why he is untouable after 43 people close to him died in strange deaths in Arkasas and in Washington DC).

-93% of Vietnamese Americans celebrate the Lunar New Year, as do 82% of Chinese Americans

Pew Research.

-Fitch Affirms Spain at ‘BBB’, Outlook Negative.Public debt will remain under 100%/GDP even given some assumed fiscal slippage and a continuation of Spain‘s deep recession in 2013

-Merkel on Annette Schavan question: be patient, we will inform you

Queen Merkel’s gal pal who faked her way to a PHD. Has anyone checked if Merkel’s husband did her PHD thesis?  I know I helped my girlfriend write most of hers and was destitute enough to be a hired gun for a few others. Sadly after getting it she dumped me!! I was really impressed at the extraordinary lengths women would go to compete with statistically much brighter men. If the world was just for every 1 female PHD there would be 8-10 men. Our brains have very distinct physio-differences. Men excel at spatial perception, rational thought, mathematics. Women have higher emotional IQs. That said for every one mentally ill or retarded female, nature throws off 8-10 men in this category. Very dyke looking. Austrian women don’t look like this.


-Airbus studies dropping Li-Ion battery for A350: sources


- 1145 Europe Closing Prices

Country: Index Last Change % Chg
Europe Dow 1740.02 2.14 0.12
Stoxx Europe 50 2624.35 30.95 1.19
Stoxx Europe 600 287.17 3.29 1.16
Euro Stoxx 50 2627.29 29.37 1.13
Euro Stoxx 263.65 2.74 1.05
Austria: ATX Index 2406.53 38.72 1.64
Belgium: Bel-20 2503.56 10.30 0.41
Denmark: OMX Copenhagen 20* 556.88 3.42 0.62
Estonia: OMX Tallinn* 757.60 0.83 0.11
Finland: OMX Helsinki* 6192.37 79.69 1.30
France: CAC 40* 3644.64 43.59 1.21
Germany: DAX* 7643.08 52.23 0.69
Greece: Athens General* 1011.85 16.55 1.66
Greece: DJ Greece TSM* 766.45 -25.37 -3.20
Greece: FTSE/ATHEX 20* 344.80 -6.66 -1.89
Iceland: OMX Iceland All-Share* 766.65 8.86 1.17
Ireland: ISEQ Overall * 3610.64 53.51 1.50
Italy: FTSE MIB 16630.50 229.94 1.40
Latvia: OMX Riga* 403.87 -2.26 -0.56
Lithuania: OMX Vilnius* 370.15 -2.20 -0.59
Netherlands: AEX* 344.83 1.13 0.33
Norway: OSE All-Share* 521.04 2.89 0.56
Portugal: PSI 20 6118.77 3.36 0.05
Russia: DJ Russia Titans* 6498.07 21.27 0.33
Spain: IBEX 35* 8169.60 155.00 1.93
Sweden: OMX Stockholm* 365.87 2.84 0.78
Switzerland: Swiss Market* 7395.97 58.92 0.80
UK: FTSE 100* 6257.84 29.42 0.47
UK: FTSE 250* 13362.99 62.34 0.47
UK: FTSE AIM All-Share* 745.90 3.83 0.52

German 10y 1.610.00, 0.00%

Italy 10yr 4.50-0.02, 0.45%

Spain 10yr 5.36-0.04, 0.67%

U.K. 10yr 2.10-0.010.29%
(No EU auctions today)

-Oh, oh!

Inventories at the wholesale level fell 0.1% in December, the Commerce Department said Friday. Economists were expecting an increase of about 0.4%. This is only the third decline in inventories since January 2009. Analysts said the inventory cycle is slowing. The drop may reflect a bigger drag on fourth quarter gross domestic product from inventories than the 1.27 percentage point drop previously estimated. However, a surprising narrowing of the trade deficit in December is expected to push Q4 GDP into positive territory. Sales of wholesalers were flat in December. The inventory-to-sales ratio was 1.19 in December, unchanged from November.

-Consulting firm Deloitte predicts that in 2013 more than 90 percent of user-generated passwords will be vulnerable to hacking.The company says a combination of bigger computers available to crack passwords, and users who adopt the same password for multiple sites and logins are among the problems.Even passwords generally considered strong by IT departments, such as those with at least 8 characters including  capital letters , lower case letters, numbers and symbols, will be vulnerable.“Inadequate password protection may result in billions of dollars of losses, declining confidence in Internet transactions and significant damage to the reputations of the companies compromised by attacks,” Deloitte’s Technology, Media & Telecommunications group said in a blog post. “As the value of the information protected by passwords continues to grow, attracting more hack attempts, high-value sites will likely require additional forms of authentication” Deloitte added. MW


Yes, and no, as most sites, shut you down and you have to verify you’re not a machine after 3 fails. That said I use more than 10 characters, never store any passwords except in my memory and change them on a regular basis and use different passwords. The real problem is the government and government sponsored cyber-terrorists are the real hackers and with the USA running quantum computers covertly, even AES256 is a snap for them to break.

-Stunning Greek Political  Liars as tax receipts are falling far below expectations.

Greece revised its 2013-16 medium term fiscal plan which forecasted 2013 budget deficit of 4.3% of GDP from 5.5% prior. Targeted 2013 Primary Budget Surplus of 0.3% vs. 0.0% prior and forecasted 2016 Primary Budget Surplus at 3.2% vs. 4.5% target. Greece noted that it would bridge the gap.

Tspiras, the Communist is in the lead now,so fake some future number. Really people ought to vomit over the fraud that is going on in Greece.

-ECB welcomed EUC’s intent to legislate on reference rates; ‘strongly encourages’ banks to remain in or join Euribor panel. It welcomed EUC intention to compel mandatory submissions for systemically important reference rates. It noted that reference rate such as Euribor were of particular importance to the implementation of monetary policy in the euro area and essential to have the appropriate level of bank participation on the Euribor panel. EUC to propose legislation for Euribor in Q2.

- Sweden FinMin Borg: Sweden economy to be very sluggish in 2013, 2014.

- Spain Attorney General Torres-Dulce to open full investigation into alleged extra payments and illegal contributions inside the ruling  PP. Investigation comes after two day preliminary investigation by anti-corruption officials into the  ’Bracenas secret papers’. The Attorney General felt there was been enough evidence uncovered by the anti-corruption prosecutors to open a ‘thorough and exhaustive’ investigation into the matter. Rajoy is looked on very favorably by Merkel, so likely he will survive, at least until the voters get tired and throw him out. His polls continue to sink.

- Japan Finmin Aso commented that Y/D weakened more than intended in move from 78 to 90 , and he did not anticipate such a rapid move which upset the currency markets; clarified  Aso’s statement noting that he meant to say Yen’s fall was ‘fast-paced’ and not ‘unexpected’ . BOJ Gov. Shirakawa commented that recent FX moves expected to support the economy and country should return to moderate growth toward middle 2013. He noted that prices were expected to rise by 1% in FY13.

-  Bundesbank’s Dombret: Situation is still vulnerable in crisis countries – german press

-German CDU Dep Chief Meisters: Fx issues should be discussed at G8, G20 . Euro situation has really improved over the last 5-months. German press.

- Ireland Central Bank plans sale of €2B in bonds assuming financial stability is ensured; Selling €500M in bonds at end of 2014; €500M for 2015-2018, and €1B from 2019-2023.Ireland Fin Min Noonan: Forecasts 2014 deficit to decline to 4.5%/GDP; 2015 deficit to 2.4%/GDP; Debt to GDP forecast at 122.1% in 2013; 116.4% in 2015. Irish press.

-USA Trade Deficit Improves on Oil Exports and Reduced Imports

The USA is exporting a lot of gold, Boeing Planes , and oil and soon a lot of NG to Japan. The plane picture is not as bright going forward as Boeing announced delays to 787 deliveries today. The oil export picture will only get better, and the Asians are trading their dollars for gold, not a good sign. However import demand is getting weaker and the USA imports everything from China, so that is a very worrisome trend. This might be a one- off month and subject to a much higher revision. Obama is trying to carry a mandate for moving the economy ahead to implement gun confiscation and expand the wars for England/Israel’s empire, while he just put a Watermelon job at Interior and she will move to impede the USA exporting commodities to Asia, something the Rockefellers have always blocked at every chance they have had through their enormous political reach into both parties for the English crown. Recall Prince Charles wants to depopulate Western North America, reintroduce the Bison to its extensive range, so he is not inclined to allow us to extract our resources. Our coal exports alone, could balance our trade if the EPA was not blocking that  and other government agencies. Ideally what you want is exports to rise much faster than imports and for imports to rise. So this trade data is being hyped by the MSM, and it may be a one off.

U.S. trade deficit sinks 20.7% to $38.5 billion. November deficit revised up to $48.6 billio. Dec. U.S. exports climb 2.1% to $186.4 billion. Dec. U.S. imports fall 2.7% to $224.9 billion. U.S. crude oil imports lowest since 1997. U.S. trade deficit sinks 20.7% to $38.5 billion. November deficit revised to $48.6 billion. U.S. exports climb 2.1% to $186.4 billion. Dec. U.S. imports fall 2.7% to $224.9 billion. U.S. crude oil imports lowest since 1997. U.S. petroleum exports at record $11.6 billion. Smallest U.S. trade gap in almost two years. Dec. U.S. trade deficit sinks 21% to $38.5 billion.

-Jaw boning the tape up with the 2h recovery story

-FED’s Evans ( voter, Dove): May be possible to turn off QE before unemployment falls to 7%; Optimistic economy will pick up;  looking for 2.5% growth in US this year; sees the unemployment rate falling towards 7% in end-2014, 6.5% in mid-2015.

-European Trading Session Economic Release Summary

We saw m/m industrial production rise in Italy , however the y/y fell more than expected. German imports feel m/m although that was offset by m/m rise on exports. Data was a bit better than expected in Europe. They continued to try and thrash our a 7 year budget deal for the EU. Brussels might end up rebating that. Recall that this came on the back of massive covert intervention by the ECB/ESM, aka the Noyer put. So they did not get much for the buy down in Spain and Italys yield curve, and those are rising again, along with the Euro dollar, albeit Draghi blunted that freight train a bit.

(RU) Russia Narrow Money Supply Narrow w/e Feb 4th (RUB): 7.33T v 7.43T prior

-(CH) Swiss Jan Unemployment Rate: 3.4% v 3.4%e; Unemployment Rate Seasonally Adj: 3.1% v 3.1%e 

 (DE) Germany Dec Current Account: €17.3B v €17.5Be; Trade Balance: €12.0B v €15.0Be; Imports M/M: -1.3% v +1.6; Exports M/M: 0.3% v 1.4%e 
(FI) Finland Dec Industrial Production M/M: 1.6% v 0.5%e; Y/Y: -1.3% v -3.5%e
(SE) Sweden Jan PES Unemployment Rate: 4.8% v 4.9%e
(FR) Bank of France Jan Business Sentiment: 95 v 93e
(FR) France Dec Central Govt. Balance: -€87.2B v -€103.4B prior
(HU) Hungary Dec Preliminary Trade Balance: €192.3M v €350.0Me
(DK) Denmark Dec Current Account (DKK): 5.1B v 9.5Be; Trade Balance Ex-Shipping: 3.5B v 7.0Be
(CZ) Czech Jan Share of Unemployed between ages15-64: 8.0% v 7.9%e
(TR) Turkey Dec Industrial Production WDA M/M: -1.5% v +1.3% prior; Y/Y: -1.4% v 3.0% prior; Industrial Production NSA Y/Y: -3.8% v -0.4%e
(CN) China Jan New Yuan Loans (CNY): 1.07T v 1.0Te
(CN) China Jan M2 Money Supply Y/Y: 15.9% v 14.0%e; M1 Money Supply Y/Y: 15.3% v 11.5%e; M0 Money Supply Y/Y: 4.4 % v 7.2%e 
(CH) Swiss Dec Real Retail Sales Y/Y: 5.1% v 3.0% prior
(EU) ECB: €16M borrowed in overnight loan facility vs. €2M prior; €152.3B parked in deposit facility vs. €162.1B prior
(SE) Sweden Dec Industrial Production M/M: 1.3% v 0.2%e; Y/Y: -2.2 v -3.8%e
 (SE) Sweden Dec Industrial Orders M/M: +7.7 v -4.8% prior; Y/Y: -2.8% v -3.2% prior
(NL) Netherlands Dec Industrial Production M/M: 2.9% v 0.0%e; Y/Y: 1.1 v 0.1% prior; Industrial Sales Y/Y: -4.2 v -0.5% prior
(IT) Italy Dec Industrial Production M/M: 0.4% v 0.3%e; Y/Y: -9.3% v -7.3%e; Industrial Production wda Y/Y: -6.6% v -6.9%e 
(NO) Norway Dec Industrial Production M/M: +1.1 v -3.6% prior; Y/Y: 0.0% v -3.5% prior
(NO) Norway Dec Manufacturing Production M/M: 0.3% v 0.3%e; Y/Y: 2.8% v 2.4% prior
(GR) Greece Dec Industrial Production Y/Y: -0.5 v -3.2% prior
(GR) Greece Jan Consumer Price Index Y/Y: 0.2 v 0.8% prior

-Market Watch

I added to my equity short positions.

10:36 a.m. EST 02/08/13Major Stock Indexes
Last Change % Chg
DJIA 14009.55 65.50 0.47
Nasdaq 3191.24 26.11 0.82
S&P 500 1516.84 7.45 0.49
DJ Total Stock Market 15830.12 76.16 0.48
Russell 2000 911.68 3.58 0.39
Global Dow 2111.39 7.02 0.33
Japan: Nikkei Average* 11153.16 -203.91 -1.80
Stoxx Europe 600 287.21 3.33 1.17
UK: FTSE 100 6277.10 48.68 0.78
10:35 a.m. EST 02/08/13Treasurys
Price Chg Yield %
2-Year Note 0/32 0.266
10-Year Note -8/32 1.985
* at close
10:26 a.m. EST 02/08/13Futures
Last Change Settle
Crude Oil 96.45 0.62 95.83
Gold 1670.7 -0.6 1671.3
E-mini Dow 13964 66 13898
E-mini S&P 500 1513.50 8.25 1505.25
10:36 a.m. EST 02/08/13Currencies
Last (mid) Prior Day †
Japanese Yen (USD/JPY) 92.75 93.63
Euro (EUR/USD) 1.3383 1.3397
† Late New York trading.

-Thats it for tonight.

-Eurotrash are already kicking back for the weekend, the few that actually showed up to work today. Empty trading chairs across the pond in London. Amazing how little these people work, no wonder they  are bankrupt and always have their hands out to the USA. Evil Zionist Trolls tied up in Brussels fighting over who gets what Eurocent. Looks like Cameron out Jewed the other Jews in the Brussel food-fight..lol.

Just a little good  humor antichrists. Don’t take it personally take it as a chance to learn to let go of your money. In the long run, at best it is the pavement in Heaven if  you let it go, and in hell, you will probably be boiled alive in it and swallow it for eternity like  Croesus.Here is our Bible Verse for today, Hebrews.

For what is a man profited, if he shall gain the whole world, and lose his own soul? or what shall a man give in exchange for his soul?

Matthew 16:26

-300 Europe Opens

French CAC 40 index up 0.3% to 3,612.57

German DAX 30 index up 0.2% to 7,606.28

FTSE 100 index up 0.5% to 6,258.08

Stoxx Europe 600 index up 0.3% to 284.76

EUR/USD 1.3397 -0.0001 -0.01%
GBP/USD 1.5721 +0.0009 +0.06%
USD/JPY 92.88 -0.77 -0.82%
USD/CHF 0.9178 -0.0004 -0.05%
AUD/USD 1.0307 +0.0026 +0.25%
USD/CAD 0.9978 0.0000 0.01%
EUR/GBP 0.8522 -0.0006 -0.06%
Gold 1671.35 +0.05 +0.00%
Silver 31.485 +0.082 +0.26%
Copper 3.735 +0.008 +0.21%
Crude Oil 95.97 +0.14 +0.15%
Natural Gas 3.277 -0.008 -0.24%
US Cotton No.2 81.58 +0.14 +0.17%
US Coffee C 140.15 -2.08 -1.46%


German 10y 1.60-0.01, 0.62%
Italy 10yr 4.56+0.04, -0.88%
Spain 10yr 5.45+0.05, -1.00%


-Asian Trading Session Economic Release Summary

(CN) CHINA JAN TRADE BALANCE: $29.2B V $24.7BE .(CN) CHINA JAN PRODUCER PRICE INDEX (PPI) Y/Y: -1.6% V -1.6%E (smallest y/y decline in 8 months) . (CN) CHINA JAN CONSUMER PRICE INDEX (CPI) Y/Y: 2.0% V 2.0%E (first sequential y/y decline in 3 months)



- RBA quarterly policy statement lowers H1 2013 and FY 2013 GDP to 2.5% from 2.75%; Lowers H1 2013 headline and core inflation by 0.25pts to 3.0% and 2.5% respectively;

-Geopolitical Headliners

News. www.antiwar.com
Updated February 8, 2013 – 1:31 AM EST
CIA Nominee Dodges Questions on Torture, Drones
Pentagon Eyes ‘Quick Strike’ Forces Across the Planet
Who Decided Not to Show Congress Drone Memos?
Media Complicit With Government Requests for Secrecy
Blowback: France Tries to Find Jihadists at Home
Looted Libyan Arms in Mali May Have Shifted Conflict’s Path
Mali Islamists’ ‘Orderly Retreat’ Suggests Group Still Intact
Iran’s Ayatollah Spurns Bilateral US Talks
Ahmadinejad: Iran Won’t Attack Israel
Rand Paul Gets It Wrong on Iran Sanctions
Israel: No Change in Settlement Policy
Top Israeli Official Concedes Settlements Hurting International Standing
Is Obama’s Visit Driving Israel’s Coalition Govt Talks?
Israeli Commander: Invasion of Lebanon Would Mean ‘Lasting Calm’
Pentagon Wanted to Arm Syrian Rebels
Afghan Corruption: Bribes Twice as Much as Tax Revenue
Is America Ensnared in an Endless War?  by Patrick J. Buchanan
US Media Yet Again Conceals Newsworthy Government Secrets by Glenn Greenwald
Questions John Brennan Should Face  by Tom Junod
Now We Know: War Is Murder by Anthony Gregory
Locking Down the Borders by Tom Engelhardt
A Critical Look at Rand Paul by Philip Giraldi

-“As part of our ongoing efforts to determine the causes of the recent incidents of lithium-ion Boeing 787, the FAA will allow Boeing to conduct test flights of 787 to collect additional data on the battery and the electrical system while the plane is in the air “ 

-The EU budget has little impact on Americans, and only slightly more on the Eurotrashed countries. Although some day Germany’s mighty budget will be managed by the Anglo-Zionists from there, at least if the Windsors-Rothschilds have their way. The press/pol are beyond absurd given the small current budget of the evil EU in Brussels and France.


Futures Index Value % Change Open High Low Time
Americas Futures
DJIA INDEX FUTURE Mar13 13,907.00 +0.06% 13,919.00 13,921.00 13,907.00 02:25:38
S&P 500 FUTURE Mar13 1,505.70 +0.03% 1,504.30 1,508.20 1,504.10 02:31:07
NASDAQ 100 FUTURE Mar13 2,745.50 +0.13% 2,743.25 2,749.00 2,742.00 02:30:08
Europe, Middle East & Africa Futures
EURO STOXX 50 Mar13 2,608.00 +0.35% 2,610.00 2,612.00 2,606.00 02:26:26
FTSE 100 IDX FUT Mar13 6,215.50 +0.31% 6,207.00 6,221.50 6,203.50 02:26:59
DAX INDEX FUTURE Mar13 7,614.00 +0.32% 7,619.50 7,621.50 7,611.00 02:26:5

-2338 Asia

Country: Index Last Change % Chg
Asia Dow 3012.66 -4.87 -0.16
DJ Asia-Pacific TSM 1351.85 -3.25 -0.24
Australia: All Ordinaries* 4989.40 33.60 0.68
Australia: S&P/ASX* 4971.30 35.60 0.72
China: DJ CBN China 600* 22861.92 138.19 0.61
China: DJ Shanghai* 311.84 1.54 0.50
China: Shanghai Composite* 2432.40 13.87 0.57
China: Shenzhen Composite* 969.52 12.80 1.34
China: Shanghai 50* 2042.42 -6.15 -0.30
Hong Kong: Hang Seng 23220.66 43.66 0.19
India: BSE Sensex 19583.72 3.40 0.02
India: S&P CNX Nifty 5931.75 -7.05 -0.12
Indonesia: JSX Index 4502.11 -1.04 -0.02
Indonesia: JSX BISNIS 27 389.91 0.90 0.23
Indonesia: JSX Islamic 612.89 1.49 0.24
Indonesia: JSX LQ-45 771.11 0.72 0.09
Indonesia: PEFINDO-25 478.66 -2.54 -0.53
Indonesia: SRI-KEHATI 245.09 0.43 0.18
Japan: DJ Japan TSM* 600.05 -3.27 -0.54
Japan: Nikkei Average* 11153.16 -203.91 -1.80
Japan: TOPIX Index* 957.35 -11.83 -1.22
Malaysia: DJ Malaysia TSM 3016.87 10.62 0.35
Malaysia: FTSE Bursa Malaysia KLCI 1624.61 5.04 0.31
New Zealand: NZX 50* 4225.72 30.48 0.73
S. Korea: KOSPI* 1950.90 19.13 0.99
S. Korea: KOSPI 50* 1690.89 24.49 1.47
S. Korea: KOSPI 100* 1951.01 24.45 1.27
S. Korea: KOSPI 200 Composite* 257.09 3.09 1.22
Singapore: FTSE Straits Times 3270.90 9.13 0.28
Taiwan: TAIEX* 7906.65 19.71 0.25
Thailand: SET 1507.24 7.43 0.50


-2334 China Surged on the Trade and inflation Data. China Jan. producer prices fall 1.6% year-on-year. China Jan. consumer prices rise 2% from year-ago. The Shanghai Composite closed up .57. Mainland China is closed next week for the Lunar New Year.

 China: Shanghai Composite* 2432.40 13.87 0.57
 Hong Kong: Hang Seng 23208.48 31.48 0.14

-Tokyo stocks fell again Friday in response to losses on Wall Street overnight, with the Nikkei Stock Average down 203.91 points, or 1.8%, to end the day at 11,153.16.Japan-China Trade Up 10.3% In Jan, 1st Rise In 8 Months. China Smog Concern Prompts Japan To Mull Pollution Alert Guidelines. China Disputes Japan’s Account Of Radar Incident:Foreign Minister. Abe warns of policy response.Abe Says New BOJ Gov Must Be Able To Take Aggressive Policy Steps. Japan is closed on Monday for the Asian New Year.

Japan Times.

Yen/Dollar 93.18-.20 -0.33 02/08 16:07
Yen/Euro 124.74-.78 -1.75 02/08 16:07
Bonds (10-yr JGB) 0.760 0.000 02/08 15:06

-China started publishing monthly export and import statistics in yuan as the nation steps up promotion of the currency for international use.The General Administration of Customs gave yuan-denominated figures alongside U.S. dollar numbers in the monthly trade report today, saying in a statement that it is following a “common international practice” of putting official data in the local currency. More than 80 percent of Chinese trade is still declared in dollars and the agency will continue to calculate growth rates according to dollar-based numbers, customs said.Exports in January were 1.18 trillion yuan, or $187.4 billion, and imports were 994.9 billion yuan, or $158.2 billion, customs said today.

Economic Calendar

Time Cur. Imp. Event Actual Forecast Previous
00:00   JPY     Economy Watchers Current Index 49.5 48.2 45.8
00:30   CNY     Chinese CPI (MoM) 1.0% 0.9% 0.8%
00:30   CNY     Chinese CPI (YoY) 2.0% 2.0% 2.5%
00:30   CNY     Chinese PPI (YoY) -1.6% -1.6% -1.9%
01:45   CHF     Unemployment Rate 3.1% 3.1% 3.0%
02:00   EUR     German Trade Balance 16.8B 14.8B 14.6B
02:45   EUR     French Government Budget Balance -97.0B -103.4B
03:15   CHF     Retail Sales (YoY) 2.0% 2.9%
04:00   EUR     Italian Industrial Production (MoM) 0.3% -1.0%
04:00   NOK     Norway Manufacturing Production (MoM) 0.30% -0.10%
06:30   INR     Indian Bank Loan Growth 16.30%
06:30   INR     Indian FX Reserves, USD 295.75B
08:15   CAD     Housing Starts 195.00K 198.00K
08:30   CAD     Employment Change 5.0K 39.8K
08:30   CAD     Participation Rate 66.80%
08:30   CAD     Trade Balance -1.0B -2.0B
08:30   CAD     Unemployment Rate 7.0% 7.1%
08:30   USD     Trade Balance -46.0B -48.7B
10:00   USD     Wholesale Inventories (MoM) 0.4% 0.6%
10:30   USD     ECRI Weekly Annualized (WoW) 8.30



-Worse than Venezuela – Inflation in Argentina: Iacono Researchhttp://bit.ly/TU7MKZ

-Energy exports start to fill USA trade gap. 


-China and Japan, Spar again over disputed Islands


-Asteroid To flyby earth


-Italy vote in doubt, as 2nd ballot looms


-Alpine Ski-WM: Höfl-Riesch holt erstes Gold für Deutschland


-Fukushima survivors to file class action lawsuit against Japanese govt, plant operator


-EU leaders finally agree on seven-year budget after marathon, 24-hour talks:


-Rajoy evita criticar a Bárcenas: “No vamos a darle más vueltas”

El presidente no pronuncia ni el nombre del extesorero


-En Californie, la Valley se régale


-Carney shows substance behind “rock star” image in U.K. BOE confirmation hearing |


-Arrogant and Evil Communist English Jew

David Miliband Interview: ’We Will Remain at the Center of the EU’


-Boeing 787 : reprise des vols d’essais


-China Trade Tops Forecasts in Holiday-Distorted Month


-EU Nears Cuts in Budget in Bow to Cameron’s Thrift Demand


-Japan Vows Foreign-Policy Response to Territorial Incursions


-La Unión Europea alerta sobre la corrupción en España

Un informe interno de la Comisión avisa del riesgo para la clase política por el ‘caso Bárcenas’

The European Union warns of corruption in Espana

An internal Commission report warns of the risk to the political class for the ‘case Barcenas’


-China starts publishing trade data in yuan amid currency push


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4 Responses to ZGR 2/8/2013

  1. zephyrglobalreport.com says:

    lol. thanks. go figure, eh.

  2. vino says:

    Iran Sanction Bill Exempts BP Project–WSJ

    the queenie is the big bikini

  3. vino says:

    japan expecting saudi oil supply shock????


    Japan, Saudi to sign emergency oil supply pact-paper

    Japan and Saudi Arabia will sign an agreement this weekend that will allow Tokyo to make emergency requests for additional supplies of crude oil, Japan’s Nikkei newspaper reported in its Friday edition.

    The agreement would set up a telephone hotline between the two governments to allow Japan to quickly seek additional oil supplies in the event of extraordinary circumstances such as terrorist attacks, unrest in the Middle East or a spike in the price of oil.

    Japan opted to seek the supply deal because Saudi Arabia’s crude oil exports are set to decline, the Nikkei report said.

    Although the kingdom retains significant spare crude oil production capacity, its crude oil exports are falling due to growing domestic oil demand and plans to expand Saudi oil refineries to export more refined products.

  4. vino says:

    Fed Has Bought More U.S. Gov’t Debt This Year Than Treasury Has Issued
    February 7, 2013
    By Terence P. Jeffrey


    (CNSNews.com) – So far this calendar year, the Federal Reserve has bought up more U.S. government debt than the U.S. Treasury has issued.

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