ZGR 2/21/2013

Headliners

-English crown stuffs loyal Jew in Key Senate position under Anglomason Senator Dirty Harry to make sure GE pays no taxes

-YHOO comes up with new homepage design that looks like First Year Computer Sci programming project

-Iran resumed conversion of higher-grade uranium for fuel production in December – IAEA

-FED Philly Index Tanks, -12.5 v 1.6e

-ESM says Cyprus Contagion Risk, Offers Italians a life line for reforms

-Evil Obama Trying to Demand Universal (free) Pre-K in final grab for Kids by Evil Public Schools

-Insider Sales Reach 2-Year High as S&P 500 Nears Record

-Europe PMIs weaker than expected, remain in Contraction mode. France Contracts in Feb-French services sector shrinks at fastest rate in four years

-India to increase Duty on Gold a 2nd time

- Zionist USA Defense Secretary Leon  Panetta Threatens laying off (unpaid leave) 800,000 Civilians if Pentgram Budget Demands are not met

-Boeing To Propose Fix: B787 could be Green-lighted by April by FAA

-Asian Markets in Broad Sell off , Shanghai down 3%

 

Market Commentary

-1616 Market Closer

USA 

The statement that broke the mania back (for now) from the FOMC “ an ongoing evaluation of the efficacy, costs, and risks of asset purchases might well lead the committee to taper or end its purchases before it judged that a substantial improvement in the outlook for the labor market had occurred.” continued to roil global markets in the USA and Europe today. Bullard further whipsawed the markets by talking out of both sides of his mouth, that the great ease was on but that the FED should not target unemployment. Sounds like he has a beef with his boss, or is just whipsawing markets for the banks profits, probably the later. Bullard of course is a Royal Anglomason, so the  Banking Jew works hand in glove with his first cousin to make sure only the Banks know the true direction and profit off the volatility.

Contrasting sharply with the very good Feb Empire Manufacturing survey last week,  the Feb Philly Fed mfg index dropped to its lowest level since last June, firmly in contraction territory. In addition, the Markit Feb flash PMI fell to 55.2 from 55.8 last month although Markit’s numbers don’t carry any weight in the USA. On the housing front, the NAR’s Jan existing home sales survey was satisfactory to the market, showing a very slight gain from December’s figure. The Feb Empire survey was boosted by the $60 billion dollar Hurricane Sandy Gift to Jewish an Anglomasonic grafters and grifters in NY/NJ. Give me 60 billion for San Francisco and I can show you one whale of a regional economic rebound. The weekly unemployment number went 20k in the wrong direction to 360k plus.

Linn Energy is continuing to expand its oil position by acquiring Berry Petroleum in a $4.3B all-stock transaction. The addition of Berry’s properties will increase Linn’s production by 30%, or about 240 million cubic feet equivalent per day. Shares of LINE were up  about 3%. Linn is basically a hedge fund acquiring a real assets below market prices using a tax dodge. Fundamentally it is a fraudulent transaction.

Walmart offered a mixed Q4 report. Earnings grew solidly and beat expectations, however revenue was lower than expected. The company confirmed that February comps were weak blaming a delay in income tax refunds, but it also said that comps had normalized by mid month.  Walmart also hiked its dividend 18%. Digging beneath the numbers a lot of Walmarts growth came from opening new stores. Same store growth was very punk and they would not have hiked the dividend without it. Walmart, literally a bank in some areas, has gorged on debt like starbucks to fund growth and try and eviscerate its competitors with economies of scale. I happened to drive by one of their new stores recently and popped in, it was deserted by Walmart standards.

Shares of Safeway are up 6% after the firm’s net profit rose sharply y/y and beat expectations

AIG has been much discussed this morning, after a Goldman Sachs report asserted that the firm has replaced Apple as the hedge fund industry’s favorite stock, according to quarterly filings. That typically means you want to fade the GS pump. GS is famous for pumping and dumping. AIG is a crooked firm  and is run by a crooked Jew who lives in a country that won’t extradite him for financial crimes. GS does not tell you that.

Verifone slashed its Q1 outlook yesterday evening, warning that both Q1 and Q2 results would be way below expectations. The firm blamed conditions in Europe, increased deferred payments and several customers delaying big new projects. Multiple analysts cut their ratings and PTs on the firm.

Chesapeake Energy said it would complete its search for a new CEO by April. The firm’s Q4 results were better than expected. Shares of CHK are around unchanged on the day.

The FED/BOE/ECB/BOJ, ‘liquidated’ hedge funds that thought global QE would be good for gold. This silly rumor London floats about a liquidation circled again, although someone tried to claim it was Ren. Capital out of London that was liquidating and had been called. That is a Crown/MI6 type of firm so hard to imagine it getting a margin call. So mission accomplished and gold rebounded today on the weak USE data.

The USA Cyber wars and rhetoric between China and the USA went on for another round. The Chinese have severely under invested in their media empires, so the first round went to the USA. The budget fight is heating up with the Magik Negro threatening to release the crowns drug addicts and violent prisoners upon middle class America. Obama is really a Mugabe-like thug. Only his complete mastery of the MSM allows him to get away with it. A  negro crack addict looking for his next fix is coming to a door near you, so take Biden’s advise and buy a Remington 870 shotgun. Sadly the blacks are getting very, very radical and increasingly violent in the USA as their boy has America by the throats. This is not the RSA and I would advise the brothers to stand down. Obama’s welfare checks are not worth fighting and dying for. Die for something meaningful like Freedom or Peace or Justice, not your next ‘score’.

Europe 

To add to the FED gloom the Germans had to face their policies are not working in Europe and the Euro dollar while very undervalued is simply too strong as the Germans rolled snake eyes on the PMI roll and data roll across Europe , outside of Germany. Europe is sliding into a deep contraction and Frances 3 hour a day employees and lack of reform is not helping. French services fell at the fastest pace in four years. Hollande’s peace prize for bombing Goat herder and children into the ground for Uranium and oil is not going to help.

French PMI vs GDP

Chris Williamson of Markit highlighted the growing divide between Germany and France.

Digging into the data shows increasing schisms within the eurozone. National divergences between France and Germany have widened so far this year to the worst seen since the survey began in 1998. Germany is on course to grow in the first quarter. In contrast, Frances’s downturn is likely to deepen, bringing the euro area’s second-largest member more in line with the periphery than with the now solitary-looking German ‘core’.

Continuing on with the Rot at the EU core in the Netherlands we had..

1. Consumer confidence hit its lowest point since records began in 1986, at -44 points

2. Unemployment hit its highest level in around 16 year

3. House prices dropped at their sharpest rate y/y since 1995

If the Dutch cant make it at $E1.35 Europe can’t make it there. Even Germany PMI data was nothing to write home about just barely nudging up.

The German Regling of the EU ppt, aka the ESM,  kind of the new financial Marcus Wolfe of Germany emerged from his rat hole and told Smirkel to bail Cyprus out and told the Italians anytime they wanted to say uncle and wanted a loan he was there man. Regling and Draghi were forced to shore up Spain and Frances auctions on the horrid PMI results. We got a look at the ECB book and 1/2 of the sovereign paper they hold is Italian debt. Without Monti in place the ECB won’t continue that policy. I think the best thing for Italy is a Grillo-Berlusconi ticket. Grillo if you can understand Italian is on fire and Berlusconi is the MSM in Italy so Grillo  is not getting the TV time he deserves much like Ron Paul or Ralp Nader, etc. Other than his comedy routines which are too vulgar for me, this is the first time I heard him speak as a politician. He is quite capable imo of leading Italy. An electrifying speaker. Martin Schulz , once compared to a Nazi concentration camp guard by Berlusconi , urged Italian voters to ‘make the right choice’. He said:

Silvio Berlusconi has already sent Italy into a tailspin with irresponsible behaviour in government and personal escapades.Much is at stake in the forthcoming elections, including making sure that the confidence built up by (prime minister) Mario Monti is not lost. I am very confident that Italian voters will make the right choice for their country.

German Chancellor Merkel addressed  Parliament over  the recent agreement of the EU 7-year budget.She noted that the EU budget agreement allowed for Euro stability and more economic growth as it improves competitiveness in the trade bloc. The German parliament is expected to rubber stamp it.

The UK and Greece reported overflowing treasuries, the UK for the month and the Greeks y/y. In Greece it was all do to ‘doubling down’ on their debt. The UK was flush as the BOE refunded QE Gilt  coupons to them. The Greeks are so ‘flush’ I don’ t believe their figure and am going to go over them in detail tonight. The Greek pols are big liars like the Greek Jew that calls himself Prince Phillip.

A reader sent me a report the UST buying was 90 pc FED, but I don’t think that is possible at all. The FED only started buying UST in earnest 4 weeks ago. You have to be careful what you read. The BOE has admitted 90 % of the UK gilt trade is English money center banks and them on any one day. We have had no such admission from the FED or a source like PIMCO. The TIC reports certainly don’t support that.  The UK and BOE continue to tank the Pound. Even Jeremy Warner was out blaming the BOE and saying this can’t continue to go on. No one is going to build a factory in England anymore than in California or NY with the Anglo-Zionist  lawyer Oxbridge watermelon  regimes. At least French workers work hard for 3 hours a day, unlike the English who are perennial gadflys, gossips and drunks.

MARKETS – AT A GLANCE
4:08 p.m. EST 02/21/13Major Stock Indexes
Last Change % Chg
DJIA* 13880.62 -46.92 -0.34
Nasdaq* 3131.49 -32.92 -1.04
S&P 500* 1502.42 -9.53 -0.63
DJ Total Stock Market* 15668.36 -110.82 -0.70
Russell 2000 905.77 -7.73 -0.85
Global Dow 2071.55 -45.72 -2.16
Japan: Nikkei Average* 11309.13 -159.15 -1.39
Stoxx Europe 600* 284.86 -4.21 -1.46
UK: FTSE 100* 6291.54 -103.83 -1.62
 
4:07 p.m. EST 02/21/13Treasurys
Price Chg Yield %
2-Year Note 1/32 0.258
10-Year Note 9/32 1.982
* at close
3:58 p.m. EST 02/21/13Futures
Last Change Settle
Crude Oil 92.93 -2.29 95.22
Gold 1575.5 -2.5 1578.6
E-mini Dow 13848 -41 13889
E-mini S&P 500 1499.50 -7.50 1507.00
4:08 p.m. EST 02/21/13Currencies
Last (mid) Prior Day †
Japanese Yen (USD/JPY) 93.07 93.56
Euro (EUR/USD) 1.3189 1.3283
† Late New York trading.

 

-Crazy Graham on the attack…

Graham Goes After Hagel on ‘Israeli Apartheid’ Views http://bit.ly/XCa8gE

Israel is a nasty racist apartheid state, just like the state he heads. Pray the Lord deals with this rabid Homosexual dog. Pray the Lord deals with the evil people who continue to vote for him just because of his Royal last name.

-You get a peace prize for murder from the Crown..

A little David Cameron and Obama. Hollande is only like 5.3 or so.

French president fhollande @Elysee to receive Félix Houphouët Boigny Peace Prize

http://ow.ly/hVpOf

-A Revolving Door in Washington With Spin, but Less Visibility

Harry Reid is dirty and filthy and corrupt. A Jew working for the English crown and sitting in a key perch will make sure GE continues to pay no taxes. Dirty Harry of Hollywood infamy had nothing on this thug. He must be going for his Knighthood. The Windsor-Rothschilds cartel owns most of GE. I never buy GE products.

http://dealbook.nytimes.com/2013/02/20/a-revolving-door-in-washington-that-gets-less-notice/?src=dlbksb

-The Tax Advantage of Oil Deals

http://dealbook.nytimes.com/2013/02/21/the-tax-advantages-behind-an-oil-deal/?smid=tw-nytimesdealbook&seid=auto

-Looks like Abe is going to ask Carney/Bernanke/Lew if he can appoint Iwata to the BOJ.

-Bullard: The FOMC cannot pretend to target medium- or long-term unemployment

http://bit.ly/WZgUyq

-Rhetoric Heating up..

President Obama has said that unless he gets second tax hike in 8 weeks, he will be forced to let criminals loose on streets.

-GS , stunning liars

Goldman Sachs Group Inc. (GS) told the U.S. Securities and Exchange Commission that it doesn’t have “direct access” to information about the beneficial owner behind transactions in an account in which the SEC said suspicious trading of H.J. Heinz Co. (HNZ) occurred.The SEC on Feb. 15 sued “unknown” traders over suspicious trading of Heinz’s options through what the regulator said was an account at Goldman Sachs. Goldman Sachs told SEC senior counsel Megan Bergstrom that the account holder is a Zurich private wealth client, Bergstrom said in a court filing yesterday in federal court in Manhattan…

http://www.bloomberg.com/news/2013-02-21/goldman-has-no-direct-access-to-heinz-account-information-1-.html

-The Commodity Futures Trading Commission on Thursday charged CME Group’s CME -0.50% New York Mercantile Exchange and two former employees with allegedly breaking laws by disclosing material information to a broker who was not authorized to receive the info. Specifically, the CFTC complaint alleges that the exchange and two of its employees, William Byrnes and Christopher Curtin, between 2008 and 2010 disclosed material nonpublic information about the exchange’s trading and customers to a commodity broker on “at least 60 occasions.

Fry the little fish, let the Barracuda from Goldman Sachs eat more small fry. CME, what a bunch of crooks. Anglo-Zionist controlled exchange now, most of the Irish got the boot.

-I was hungry for profit, so I took some more. I hope we have a big rally tomorrow to take the SP500 over 1500 by the PPT. I was very, very aggressive at at 1530 and Dow 1420. I would love to come in Monday and see a Grillo-Berlusconi government or split upper house  and hung Parliament. My just due against the market rigger Regling and DB is coming due. The markets have broken here and we will see more than a 5 pc correction.

2:42 p.m. EST 02/21/13Major Indexes
Last Change % Chg
DJIA 13857.05 -70.49 -0.51
Nasdaq 3124.36 -40.05 -1.27
S&P 500 1499.56 -12.39 -0.82
DJ Total Stock Market 15633.27 -145.91 -0.92
Russell 2000 900.48 -13.02 -1.43
 

-Who you going to trust Dan Rather or the truthers

Coming up tonight! Dan will be on the @edshow talking about right wing conspiracy bloggers. @MSNBC at 8pmET #edshow

I’m more of a lefty myself having voted for Ralph Nader to put his foot up the Zionist’s backside and the Anglosaxon SP500′s backside  4 times. Dan Rather, the evil WASP. Ha, ha, this guy tried telling smidgen of truth once and it cost him his job. So now he is trying to grovel his way back into royal favor. Dan goes back to the Vietnam war. He should not be working but repenting. Greedy WASP until the end .

-Some tough truth from Larouche. Looks like Prince Phillip, and Charles plan to murder 6 billion of us is on still. Don’t go quietly into the night.

http://larouchepac.com/node/25552#.USZ2Mc-T6qA.twitter

-Obama’s creation

-Cartoon: quick. blame republicans.

-Used cars are such hot commodities that car dealers are buying them off of Craigslist in cash. http://on.wsj.com/YJnJRo

-1258 One day a hawk, next day a dove. Whipsawing markets for the FEDs pals

The unemployment rate could fall below 6.5% in June 2014, the threshold the Federal Reserve has set to consider a rate hike, said St. Louis Federal Reserve Bank President James Bullard on Thursday. Fed officials have said a 6.5% unemployment rate would not be a trigger for a rate hike but would spark discussion of a potential move. In a speech at New York University’s School of Business, Bullard said that the unemployment rate is a key signal of the health of the labor market but other data would also be importantin deciding whether to tighten.

-Europe Closing Prices and Summary.

I will roll the EU summary into the USA. Time, time, time. It does not fly it disappears before your very eyes.

Country: Index Last Change % Chg
Europe Dow 1684.78 -45.80 -2.65
Stoxx Europe 50* 2596.09 -37.92 -1.44
Stoxx Europe 600* 284.86 -4.21 -1.46
Euro Stoxx 50* 2579.76 -60.59 -2.29
Euro Stoxx* 261.40 -5.50 -2.06
Austria: ATX Index* 2385.21 -43.47 -1.79
Belgium: Bel-20* 2509.44 -48.77 -1.91
Denmark: OMX Copenhagen 20* 536.13 -4.17 -0.77
Estonia: OMX Tallinn* 758.39 -0.88 -0.12
Finland: OMX Helsinki* 6216.64 -92.46 -1.47
France: CAC 40* 3624.80 -85.08 -2.29
Germany: DAX* 7583.57 -145.33 -1.88
Greece: DJ Greece TSM* 751.80 -33.45 -4.26
Greece: FTSE/ATHEX 20* 333.12 -16.21 -4.64
Iceland: OMX Iceland All-Share* 790.53 6.44 0.82
Ireland: ISEQ Overall * 3623.27 -56.79 -1.54
Italy: FTSE MIB* 16009.55 -517.95 -3.13
Latvia: OMX Riga* 395.32 -3.78 -0.95
Lithuania: OMX Vilnius* 374.20 0.11 0.03
Netherlands: AEX* 336.38 -7.23 -2.10
Norway: OSE All-Share* 517.20 -6.79 -1.30
Portugal: PSI 20 6088.71 -75.85 -1.23
Russia: DJ Russia Titans* 6389.66 -74.53 -1.15
Spain: IBEX 35* 8014.50 -148.50 -1.82
Sweden: OMX Stockholm* 371.68 -3.87 -1.03
Switzerland: Swiss Market* 7505.71 -120.30 -1.58
UK: FTSE 100* 6291.54 -103.83 -1.62
UK: FTSE 250* 13554.71 -185.23 -1.35
UK: FTSE AIM All-Share* 743.90 -9.62 -1.28

Credit Markets

The ECB/ESM clearly had to get of the dime after yesterdays disaster in Germany.

Key Auctions

 (ES) Spain Debt Agency (Tesoro) sold total €4.23B vs.€3.0-4.0B indicated range in 2015, 2019 and 2023 bond  Sold €1.112B in March 2.75% 2015 Bono bond; Avg Yield 2.540% v 2.823% prior; Bid-to-cover: 3.69x v 2.21x prior; Maximum Yield 2.570% v 2.889% prior; Tail 3.0bps v 6.6bps prior. Sold €548M in 4.3% 2019 Bono bond; Avg Yield 4.275% v 6.701% prior; Bid-to-cover: 2.54x v 2.94x prior; Max Yield 4.294% v 6.798% prior; Tail 1.9bps v 9.7bps prior. Sold €2.568B in 2023 bonds; Avg Yield 5.202% v 5.290% prior; Bid-to-cover:1.6x v 2.29x prior; Max Yield 5.222% v 5.322% prior; Tails 2.0bps v 3.2bps prior

 (FR) France Debt Agency (AFT) sold total €7.98B vs. €7.0-8.0B indicated range in 2015, 2017 and 2018 BTANs/OATs. Solds €1.89B in 2.0% 2015 BTAN; Avg Yield 0.41% v 0.34% prior; Bid-to-cover: 3.31x v 3.45x prior . Sold €1.75B in 4.25% in Oct 2017 OAT; avg yield 0.95% v 1.05% prior; Bid-to-cover: 2.57x v 2.73x prior. Sold €4.34B in 1.0% 2018 Oat; Avg Yield 1.12% v 1.06% prior; Bid-to-cover: 1.995x v 1.90x prior

Key Bonds 

German 10y 1.58-0.07, 4.34%
Italy 10yr 4.44+0.06, -1.46%
Spain 10yr 5.19+0.02, -0.39%
U.K. 10yr 2.10-0.10, 4.45%

 

-ECB (and GS/JPM/HSBC) made 555mln euros from Greek bonds last year, Athens set to benefit.. EK

Half of ECB bond holdings from Italy http://bbc.in/WVco2t

What a bunch of horse manure. About like England making profits off buying its own bonds and the USA Feds big profit center from its UST buys.

-Germany’s highly respected high school level apprenticeship program is coming to the US http://bit.ly/13n79sX

The USA has so many unemployed PHDs in engineering and science working as real estate agents, unemployed brick layers and machinist it is a crime. Granted this is a good idea, ex USA firms don’t commit like German firms, if you complete the apprenticeship , keep your nose clean eventually you get in the Union and get a good pay. Instead the Anglo-Jews will use this to further depress wages. Unions and ‘balanced’ trade need to make a big comeback in the USA. This competing with polluting China and the communist regimes with no minimum wage standards has to stop. Even Germany is using $1 /hr turks to out compete us in Autos.

-JPM Mouthpiece Dennis the Kike  says ‘sell’.

http://on.wsj.com/VP9O12

-Biden Live demanding your gun so his Kike Kin can murder you…

Biden would sell your kin out to the Chinese for a night of gay sex with his Jewish butt buddies from the Mossad. One big Crypto Anglo-Jew, and one big traitor.

http://bloomberg.com/live-stream

-Some good news. Looks like some English are dying of the flu their own government engineered and released. I will bet the Anglo-Jews get the ‘real’ vaccine. As the ZGR exposed the real flag of England is a cross flown upside down. These are Hebraic tribe and fully satanic. Probably less than a dozen Christians in all of England. Poor Celts are being sucked into this satanic machine.

Pair of Pink English invaders (with the nose hook) of Ireland. The Irish refused to murder Germans for the English crown in WW2, so don’t wear the Opium poppy. Out of Ireland you queer toffs. English culture is satanic culture and infects every nation of the world from the USA to Israel to Iran.

-Selling the USDX looks interesting here. This fantasy of a miracle 2h recovery and surging dollar is going to dissipate sooner than Merkel and London and Washington  wants!!

-

-Italy, like the USA the courts are all on the payroll

Italy audit court rules state aid for Monte Paschi (BMPS IM) legitimate according to a statement

-Regling emerged from his ESM Rathole. I think the BS is over in Europe at last and the Germans will have to have the Kike Draghi  OMT it rather than have Regling beat off the evil London CDS manipulators , make key bond buys and intervene in DAX futures. Regling probably is advised by GS and they execute the trades. Putin got tired of the Russian Central bank always getting smoked by London in the Rouble, so he outsourced the defense to some very savy Russians at one of their major banks who regularly stuff the English. I suspect it is probably DB that executes the trades, but GS is so, so powerful. Outside of Rothschilds bank , it is the most powerful Bank wrt to daily manipulation of the markets. ZIRP is not going to do anything to help Europe. The EU economy is not cooperating with Merkel as she has reformed London little, and reformed the 3 hour a day French little and the thirst for more socialism/communism is strong in Europe and even in Germany as the hellish Greens show us. When markets live and die by every word a CB says and their hellish policies it is time to replace them with a computer program that implements taylors rule and a parallel hard money coin system using gold and silver coins to protect the savings of the working class. Regling the German  Rat. I like it.

-Flash Eurozone #PMI v #ECB policy charted. Will February dip in PMI trigger an ECB response? Rate cut?

-USA trading Session Economic Release Summary

(US) Jan Consumer Price Index NSA: 230.280 v 230.300e; CPI Core Index SA: 232.108 v 231.938e
(US) Initial Jobless Claims: 362K v 355Ke; Continuing Claims: 3.148M v 3.150Me
(US) Feb Preliminary Markit PMI Manufacturing: 55.2 v 55.5e
(MX) Mexico Dec Retail Sales: -1.8% v +2.0%e
(US) Commercial Paper outstanding w/e Feb 14th; -$22.4B v -$13.1B prior; Total CP Outstanding: $1.063T
(US) Feb Philadelphia Fed: -12.5 v +1.1e
(US) Jan Existing Home Sales: 4.92M v 4.90Me
(US) Jan Leading Indicators: 0.2% v 0.2%e
(US) Q4 MBA Mortgage Delinquencies: 7.09 v 7.4% prior; Mortgage Foreclosures: 3.74 v 4.07% prior

(PT) Portugal Dec Current Account: -€43.1M v -€277.7M prior
(UK) Feb CBI Industrial Trends Total Orders: -14 v -15e; Selling Prices: +20 v +15e
(IE) Ireland Jan CPI M/M; -0.5% v +0.1% prior; Y/Y: 1.2 v 1.2% prior
(IE) Ireland Jan CPI EU Harmonized M/M; -0.6 v 0.0% prior; Y/Y: 1.5 v 1.7% prior
(IE) Ireland Jan PPI M/M; -0.3 v -0.9% prior; Y/Y: -0.4 v +1.3% prior
(US) Jan Consumer Price Index M/M: 0.0% v 0.1%e; Y/Y: 1.6% v 1.6%e
(US) Jan CPI Ex Food & Energy M/M: 0.3% v 0.2%e; Y/Y: 1.9% v 1.8%e

12:09 p.m. EST 02/21/13Major Stock Indexes
Last Change % Chg
DJIA 13863.97 -63.57 -0.46
Nasdaq 3133.50 -30.91 -0.98
S&P 500 1502.23 -9.72 -0.64
DJ Total Stock Market 15667.52 -111.66 -0.71
Russell 2000 907.78 -5.72 -0.63
Global Dow 2071.56 -45.71 -2.16
Japan: Nikkei Average* 11309.13 -159.15 -1.39
Stoxx Europe 600 284.86 -4.21 -1.46
UK: FTSE 100* 6291.54 -103.83 -1.62
 
12:07 p.m. EST 02/21/13Treasurys
Price Chg Yield %
2-Year Note 1/32 0.254
10-Year Note 11/32 1.977
* at close
11:59 a.m. EST 02/21/13Futures
Last Change Settle
Crude Oil 94.77 -1.89 94.46
Gold 1578.1 0.1 1578.0
E-mini Dow 13848 -41 13889
E-mini S&P 500 1501.50 -5.50 1507.00
12:09 p.m. EST 02/21/13Currencies
Last (mid) Prior Day †
Japanese Yen (USD/JPY) 92.88 93.56
Euro (EUR/USD) 1.3201 1.3283
† Late New York trading.

-Nike drops Pistorius http://wapo.st/XrCmZq

Satanism looks good for awhile. Amazing to me how many people sell their souls rather than go to the Lord for some honest dealing and correcting their character flaws. 1/3 of the Angels rebelled so there is our ‘go-by’. Satan is very real. Ask Prince Charles and Jacob Rothschilds. Servants have reported hearing voices and arguments then being summoned into empty rooms. Dick Cheney does not sleep with the lights on by Chance. Nothing is too good for the Dick Cheney as he destroys the USA for Lord Rockefeller and Baron Rothschilds and Prince Charles. Even Satan can’t stand cowardly Dick. That Cheney was never outed as a Jew and a Zionist extremist is a shame upon the Indy media. Kikes to the left of me, Kikes to the right of me, yet here I stand.

-EricCantor: Obama offering ‘false choices’ on sequester- The Hill

-Beppe Grillo Live. Wow!!

I will bet the votes are rigged like in the USA. They were when I lived there.

http://www.beppegrillo.it/lacosa/

-1134 MIB CLOSE 16,009.55 -3.13%

European markets don’t work like American markets, it can take ‘forever’ to get a real price at the opening or close. The DAX MM seem to take forever to get the prices up. You would think they were using calculators and chalk boards to post price in Europe still, like when I worked there. The USA market is far, far too fast and needs HFT restrictions and bigger upticks to short and bigger spreads on stocks over 5 dollar, 10 dollars, etc. Europe just needs to sell their exchanges to Americans as they cant run them anyways.  European bond markets are even harder to get a good quote out of, unlike USA bond markets. Europeans love big, big fat spreads on their trades. You starve as stock broker in the USA, but the low cost commission trades are just not available in much of Europe still and European stock brokers, that is a ticket to wealth. These guys are in a time warp in Europe , supported by the USA taxpayers. Socialism does that. ‘Forever’ in a USA market is a millisecond. Forever in a European market is several minutes to a minute. Obviously Grillo is doing well. This Bersani is a punk. The commie/socialists were in power when I lived there. They birthed Silvio.  Berlusconi would be the only leader in Europe ex Putin I would like to have dinner with. He at least tried to stop London from murdering Al Quaddafi. The English are blood thirsty beasts, just like the cousins at the Pentagon.

-Hedge Fund ‘hero’ Doug Kass

At the core of my concern is that a global economy built on a foundation of excessive monetary easing is one of low quality, decaying fundamentals and not likely to be effective or self-sustaining.To me investors are not being realistic in their expectations (and almost magical thinking) that an aggressive printing press can relieve and trump the profound challenges and headwinds to global growth without any negative consequences.I remain concerned that much of the current investor optimism expressed in a rising stock market is not consistent with the underlying economic and profit data.

Reported in the WSJ

-Market Watch

I guess Schlomo Bernanke and Sir Dude-ly at the NYC FED found out they can’t bluff QE4 and get unemployment down below 6.5 pc.  Bernanke is a complete whore of the BOE. I guess Carney has to be licking his chops at phoning in his instructions to Bernanke weekly. Carney’s wife is a high level blood line English Royal. Time to Nationalize the private FED, and nationalize the too big to fail banks, implement glass steagal and degear them. JPM is not loaning so how are they making all that money. Easy, they are trading off of daily insider feeds from the BOE and FED. Time to put Sir Alan Greenspan, one of Gordon Brown’s close associates on Trial along with Gordie for Brown’s bottom. Time to jail Blankfein, Rubin and Paulson. FU and your gold rig Bernanke.

11:08 a.m. EST 02/21/13Major Stock Indexes
Last Change % Chg
DJIA 13875.46 -52.08 -0.37
Nasdaq 3144.01 -20.40 -0.64
S&P 500 1504.30 -7.65 -0.51
DJ Total Stock Market 15694.24 -84.94 -0.54
Russell 2000 910.67 -2.83 -0.31
Global Dow 2075.81 -41.46 -1.96
Japan: Nikkei Average* 11309.13 -159.15 -1.39
Stoxx Europe 600 285.35 -3.72 -1.29
UK: FTSE 100 6297.77 -97.60 -1.53
 
11:07 a.m. EST 02/21/13Treasurys
Price Chg Yield %
2-Year Note 1/32 0.262
10-Year Note 11/32 1.976
* at close
10:58 a.m. EST 02/21/13Futures
Last Change Settle
Crude Oil 93.00 -2.22 95.22
Gold 1582.4 4.4 1578.0
E-mini Dow 13843 -46 13889
E-mini S&P 500 1502.00 -5.00 1507.00
11:08 a.m. EST 02/21/13Currencies
Last (mid) Prior Day †
Japanese Yen (USD/JPY) 92.95 93.56
Euro (EUR/USD) 1.3228 1.3283
† Late New York trading.

-Lithium Air Battery Gives IBM Hope of Power Without Fires

http://www.bloomberg.com/news/2013-02-21/lithium-air-battery-gives-ibm-hope-of-power-without-fires.html

-Globally, Italy ranks 169th out of 179 since 2000 in terms of per capita GDP growth-Open Europe

-The ZGR repelled a new major cyber-attack last night. I don’t know why they ‘hate’ the truth so much. That is the problem, you improve your security at great cost. The Spooks with unlimited budget then work on the next level, crash your system, then you have to invest more time and money. No wonder Israel says cyber-security is their number 1 growth industry, the Mossad are cyber -terrorists and generate the demand for it!! It is a virtuous circle for them and hell for you. I really need around $250k a year to keep this site up and running. Good thing I studied math and engineering at the University and for now can do this work myself. At some point it is going to get ‘stale’ and the free ride will be over with. My server provider has an entire new perspective on security. I can think of many things I would rather do than this blog but what is out there is such, disinfo, like the five Kikes that run ZH and are funded by JPM and the City of London banksters.

-German Finance Minister Wolfgang Schaeuble said Thursday that the euro’s foreign exchange rate is currently at a good level.”The euro is stable,” Schaeuble said at a discussion with students here. “We started with $1.17, now we’re at $1.33, $1.35 – that’s quite a good level.”German Chancellor Angela Merkel said Wednesday that a euro foreign exchange rate of between $1.30 to $1.40 is normal from a historical viewpoint.Commenting on the Eurozone sovereign debt crisis, Schaeuble said, “We’re not out of the woods yet, but we have avoided big catastrophes so far.” MNI

-Greece Athens Stock Exchange ends session -4.15%, banks -4.46% (Alpha Bank -8.33%, Eurobank -4.47%, Piraeus Bank -4.53%, NBG -1.92%)

-Wow, does that new Yahoo homepage suck! Glad I finally sold my stock near the top. Mayer must be a German American of Anglosaxon extraction. Germans, even the women typically have better style. The two principal bloodlines of the illuminati are Anglosaxon and Jew. That chick has no flair for software design. That was Woz’s claim to greatness, for such a fat geek/engineer, his software was elegant, user friendly, and beautiful and robust and unlike Mayer he designed the Apple OS himself. I guess the difference between a University of California graduate and a Stanford Graduate. When I went to check Stanford out at 16, I noticed it was all WASPs and Jews and they were evil to the core of their being. UC Berkeley was where the European-Americans went and Caltech where the German-Austrians went. Both are far better schools than Stanford. Mayer is another Dumb illuminati Blonde like the Anglosaxon Carly Sneed (aka Fiorina), and the Dyed Blonde Jewess, CB who preceeded her . Lawyers had the ZGR banned for life from for exposing her Jewish background. She is kind of sensitive about that. I’m short the stock by way of full disclosure. Women should stay home and take care of their babies and leave the engineering and building to men!! Shut up you dumb broads, i’m sick of listening to you. It really irritates me when a women starts speaking to a man like she is equal, it is like your teenager trying to give you directions. It is annoying. Women should be seen and not heard. You Anglo-skanks need to study Russian women or Japanese women. M. Mayer= empty suit, illuminati plant.

- A gauge of regional manufacturing activity dropped this month, falling to negative 12.5 from negative 5.8 in January, far below analysts’ expectations, according to a Thursday report from the Federal Reserve Bank of Philadelphia. There were declines in overall activity and new orders, while there was a slight gain in shipments, according to the Philly Fed. Analysts had expected the Philly Fed index to rise to a reading of 1.6, with recent financial gains supporting sentiment. Negative readings indicate that a larger percentage of respondents said there was a decrease in the level of general business activity than the percentage who said there was an increase.  MW

FED was clearly using their minutes to obfuscate and talk up an economy that is still DOA.

-GOP Sen. Shelby says he’ll vote to confirm Hagel for Defense-The Hill

Too bad kikes..er antichrists!!

-Market Watch

10:11 a.m. EST 02/21/13Major Stock Indexes
Last Change % Chg
DJIA 13860.45 -67.09 -0.48
Nasdaq 3140.24 -24.17 -0.76
S&P 500 1502.22 -9.73 -0.64
DJ Total Stock Market 15670.90 -108.28 -0.69
Russell 2000 908.25 -5.25 -0.57
Global Dow 2072.96 -44.31 -2.09
Japan: Nikkei Average* 11309.13 -159.15 -1.39
Stoxx Europe 600 285.04 -4.03 -1.39
UK: FTSE 100 6290.48 -104.89 -1.64
 
10:10 a.m. EST 02/21/13Treasurys
Price Chg Yield %
2-Year Note 1/32 0.258
10-Year Note 10/32 1.978
* at close
10:01 a.m. EST 02/21/13Futures
Last Change Settle
Crude Oil 92.78 -2.44 95.22
Gold 1576.9 -1.1 1578.0
E-mini Dow 13834 -55 13889
E-mini S&P 500 1498.75 -8.25 1507.00
10:11 a.m. EST 02/21/13Currencies
Last (mid) Prior Day †
Japanese Yen (USD/JPY) 93.08 93.56
Euro (EUR/USD) 1.3214 1.3283
† Late New York trading.

-1004

I left my shorts open yesterday, taking some profits on the DIA/SPY and DAX here. Have plenty of DAX and some DIA/SPY left for Italian elections. It is always painful to short into a mania, but it feels so good when the market breaks. Short selling is for professional investors only. Hopefully we will get a big rally tomorrow and I can short more.

-Sales of existing home sales nudged up 0.4% in January, according to a report released Thursday showing the housing recovery has steadied as real-estate agents lament a more than decade low of supply. The National Association of Realtors said sales increased to a seasonally adjusted annual rate of 4.92 million in January from 4.9 million in December. That was just slightly ahead of the 4.9 million expected in a MarketWatch-compiled economist poll. Nationally, inventories fell 4.9%, or 25% year-on-year, to 1.74 million, which is the lowest since Dec. 1999. At the current sales pace, the months supply was 4.2, the lowest since April 2005. Compared to January 2012, the median sales price rose 12.9% to $173,600, marking the 11th straight month of year-on-year gains. MW

-The economy will expand in the near term, but at a slow pace, the Conference Board said Thursday as it reported that its leading economic index nudged higher in January. The leading economic index rose 0.2% in January, below analysts’ estimates of a 0.3% gain. “The indicators point to an underlying economy that remains relatively sound but sluggish…The biggest risk, however, is the adverse impact of cuts in federal spending,” said Ken Goldstein, a Conference Board economist. The LEI is a weighted gauge of 10 indicators designed to signal business cycle peaks and troughs. Among the 10 indicators tracked by the Conference Board’s index, six made positive contributions in January, led by the interest rate spread. The largest negative contribution came from consumers’ expectations. In December, the LEI rose an unrevised 0.5%. MW

-1000

Existing home sales up 0.4% as inventory shrinks

Leading economic index rises 0.2% in January

Fed Philly -12.5 , way below expectations of 1.6

-Broad USA Market Look

U.S. STOCKS | See all U.S. Stocks Data
9:48 a.m. EST 02/21/13Major Indexes
Last Change % Chg
DJIA 13868.38 -59.16 -0.42
DJ Transportation Average 5917.55 -3.92 -0.07
DJ Utility Average 474.37 -1.26 -0.26
DJ Total Stock Market 15689.44 -89.74 -0.57
Nasdaq 3147.10 -17.31 -0.55
Nasdaq 100 2724.35 -15.64 -0.57
S&P 500 1503.49 -8.46 -0.56
S&P 100 679.02 -2.93 -0.43
S&P 400 Mid-Cap 1097.75 -6.35 -0.58
S&P 600 Small-Cap 510.37 -1.53 -0.30
NYSE Composite 8814.43 -69.19 -0.78
Russell 2000 911.18 -2.32 -0.25
NYSE MKT Composite 2369.06 -20.43 -0.85
KBW Bank 54.25 -0.29 -0.53
PHLX Gold/Silver 135.20 0.62 0.46
PHLX Housing Sector 178.79 -0.72 -0.40
PHLX Oil Service 244.73 -2.47 -1.00
PHLX Semiconductor 420.92 -3.03 -0.71
CBOE Volatility 14.72 0.04 0.27
9:48 a.m. EST 02/21/13Markets Diary
Issues NYSE Nasdaq NYSE MKT
Advancing 863 800 135
Declining 1,878 1,334 163
Unchanged 133 136 29
Total 2,874 2,270 327
Issues at
New 52 Week High 25 16 0
New 52 Week Low 29 15 6
Share Volume
Total 391,805,674 190,721,445 9,776,113
Advancing 73,130,082 39,072,162 4,273,663
Declining 314,740,070 147,919,214 5,183,242
Unchanged 3,935,522 3,730,069 319,208
 
Stock Indexes(Click through for full charting)
5:33 pm EST 02/20/13Most Active Stocks (Roll over for charts and headlines)
NYSE | Nasdaq | ArcaComposite
Issue Volume Price Chg % Chg
BankAm (BAC) 179,358,122 11.80 -0.39 -3.20
OfficeDepot (ODP) 129,309,148 4.18 -0.84 -16.73
Nokia (NOK) 55,149,550 3.82 -0.11 -2.80
FordMotor (F) 49,734,797 12.60 -0.39 -3.00
OfficeMax (OMX) 46,949,676 12.09 -0.91 -7.00
 
5:32 pm EST 02/20/13Gainers (Roll over for charts and headlines)
NYSE | Nasdaq | ArcaComposite
Issue Price Chg % Chg Volume
EndvrIntl (END) 3.34 0.35 11.71 2,001,556
LaZ Boy (LZB) 17.23 1.77 11.45 2,383,060
DemandMedia (DMD) 8.31 0.47 5.99 2,867,679
Workday (WDAY) 54.31 2.94 5.72 1,431,383
CleanHarbr (CLH) 53.15 2.85 5.67 3,033,146
 
5:32 pm EST 02/20/13Decliners (Roll over for charts and headlines)
NYSE | Nasdaq | ArcaComposite
Issue Price Chg % Chg Volume
HarvstNatRes (HNR) 5.45 -3.71 -40.50 7,337,397
MillennialMedia (MM) 8.95 -5.38 -37.54 16,645,821
OfficeDepot (ODP) 4.18 -0.84 -16.73 129,309,148
GMX Res (GMXR) 2.80 -0.49 -14.89 973,546
ParagonShipng (PRGN) 2.88 -0.40 -12.20 89,761
 

-30k French are protesting having to work more than 3 hrs today. Who cares?

-A gauge of manufacturing activity for the U.S. declined to a preliminary reading of 55.2 in February from a final January reading of 55.8, indicating that the sector’s expansion slightly slowed down this month, according to a Markit report released Thursday. Analysts expected the “flash” reading of Markit’s U.S. manufacturing purchasing managers’ index to decline to 55.5 in February. According to Markit, an international financial information services company, growth for new orders and employment slowed down in February

-Why Should USA Taxpayers give big banks $83 billion a year

http://www.bloomberg.com/news/2013-02-20/why-should-taxpayers-give-big-banks-83-billion-a-year-.html

Newslinks are updated!!

-Russian Hedge Fund Renaissance Capital (london based) has defaulted- market rumor

-RTRS: Germany’s Finance Minister Schaeuble praises Monti for Italy reforms

Germans are desperate here..lol

-Market Watch

9:32 a.m. EST 02/21/13Major Stock Indexes
Last Change % Chg
DJIA 13901.14 -26.40 -0.19
Nasdaq 3152.75 -11.66 -0.37
S&P 500 1505.84 -6.11 -0.40
DJ Total Stock Market 15719.06 -60.12 -0.38
Russell 2000* 913.50 -18.50 -1.98
Global Dow 2076.06 -41.21 -1.95
Japan: Nikkei Average* 11309.13 -159.15 -1.39
Stoxx Europe 600 285.47 -3.60 -1.25
UK: FTSE 100 6297.91 -97.46 -1.52
9:32 a.m. EST 02/21/13Treasurys
Price Chg Yield %
2-Year Note 1/32 0.262
10-Year Note 10/32 1.978
* at close
9:22 a.m. EST 02/21/13Futures
Last Change Settle
Crude Oil 93.31 -1.91 95.22
Gold 1569.0 -9.0 1578.0
E-mini Dow 13885 -4 13889
E-mini S&P 500 1506.50 -0.50 1507.00
9:32 a.m. EST 02/21/13Currencies
Last (mid) Prior Day †
Japanese Yen (USD/JPY) 93.23 93.56
Euro (EUR/USD) 1.3206 1.3283

-930 USA opens

Major Stock Indexes
Last Change % Chg
DJIA 13895.67 -31.87 -0.23
Nasdaq 3154.13 -10.28 -0.32
S&P 500 1506.85 -5.10 -0.34
DJ Total Stock Market 15732.38 -46.80 -0.30

-Britain saw its budget surplus widen in January as the Treasury received the first payment of gilt-coupon income from the Bank of England’s quantitative easing program. The surplus excluding government support for banks was 11.4 billion pounds ($17.4 billion) compared with 6.4 billion pounds a year earlier, the Office for National Statistics said.

A neat trick if you can get away with it and don’t mind being a Crown pick pocket

-The five United Nations Security Council permanent members and Germany anticipate making progress with a new offer to Iran to resolve the dispute about its nuclear program in talks next week.“We will make an updated offer that will contain new substantive elements,” the French Foreign Ministry said in an e-mailed answer to questions today, adding it wants to see “a real exchange, leading to concrete results.” Russian Deputy Foreign Minister Sergei Ryabkov told reporters in Brazil that his country is anticipating “progress but no breakthrough.” BBN

-John Kerry used his first public speech as US secretary of state on Wednesday to urge Americans’ support for diplomacy, saying that automatic cuts to the federal budget would hurt both at home and abroad.

What Diplomacy, bomb them with Drones cretin?

-Futures Post Jobs Data

DJIA INDEX FUTURE Mar13 13,871.00 -0.13% 13,890.00 13,907.00 13,833.00 08:39:34
S&P 500 FUTURE Mar13 1,504.50 -0.15% 1,507.50 1,509.60 1,500.90 08:38:20
NASDAQ 100 FUTURE Mar13 2,729.00 -0.31% 2,737.00 2,737.25 2,722.75 08:38:20

-Wal-Mart Stores Inc. (WMT), the world’s largest retailer, projected first-quarter profit that trailed analysts’ estimates as an increase in the payroll tax and delayed refunds curtail spending by its lower-income shoppers.Earnings per share in the current quarter will be $1.11 to $1.16, the Bentonville, Arkansas-based company said today in a statement. Analysts projected $1.19, the average of 18 estimates compiled by Bloomberg.Chief Executive Officer Mike Duke is working to keep prices low after a payroll-tax break expired Dec. 31, causing Americans to pay 2 percentage points more in Social Security. The increase got Wal-Mart’s February sales off to the worst monthly start in seven years after disappointing results in January, according to executives’ e-mails obtained by Bloomberg News.The company increased its dividend for fiscal 2014 by 18 percent to $1.88 a share. The first quarterly dividend of 47 cents will be paid April 1 to shareholders of record as of March 12. Wal-Mart said it returned $13 billion to shareholders through dividends and stock buybacks in its previous fiscal year.Profit in the year ending January 2014 will be $5.20 to $5.40 a share, Wal-Mart said. The average of 25 analysts’ estimates compiled by Bloomberg was $5.39 a share.About $19.7 billion more in tax refunds had been delivered to consumers by this time last year, according to an analysis prepared by Wal-Mart’s Global Customer Insights & Analytics division that was attached to a Wal-Mart excutive’s e-mail on Feb. 12.The tax increase that took effect this year may cause seven out of 10 Americans to curtail spending, especially on big- ticket items such as cars, according to a survey the National Retail Federation released today.About 73 percent of consumers said their spending plans are taking a hit, the Washington-based trade group said, citing a survey of 5,185 people conducted by BIGinsight from Feb. 5 to Feb. 13. More than a third said they’ll reduce how much they dine out and 25 percent said they plan to cut back on small luxuries such as manicures and trips to coffee shops.U.S. households in the bottom 40 percent by income spend more than 100 percent of their after-tax income, and the next 20 percent up spend more than 90 percent of their take-home pay, David Strasser, an analyst at Janney Montgomery Scott LLC in New York, said in a Feb. 11 note.Fourth-quarter net income increased to $5.61 billion, or $1.67 a share, from $5.16 billion, or $1.50, a year earlier, the company said today. The average of 22 analysts’ estimates compiled by Bloomberg was $1.57. Wal-Mart U.S. revenue rose 2.6 percent to $74.7 billion in the fourth quarter, while international sales climbed 6.9 percent to $37.9 billion. Revenue at the company’s Sam’s Club warehouse chain gained 3.4 percent to $14.5 billion. BBN

Walmart, where Amerika’s welfare folks shop. A big part of the USA economy spending those welfare checks each month.

-Bundestagsdebatte: Steinbrück wirft Merkel schädliches “Spardiktat” vor

http://on.welt.de/13kQmqG

-CPI unchanged

U.S. consumer prices were flat overall in January, as seasonally adjusted declines in food and energy offset increases in the cost of housing, clothes, airline fares and medical care. The consumer price index was unchanged for the second month in a row, the Labor Department said Thursday, as the food index held steady for the first time in four months and the energy index dropped 1.7%. Yet so-called core prices, which exclude volatile food and energy costs, climbed 0.3%. Economists surveyed by MarketWatch had forecast a 0.1% increase in the main CPI and a 0.2% gain in the core rate. Consumer prices have risen an unadjusted 1.6% over the past 12 months, or by 1.9% on a core basis – both well within the range of the Federal Reserve’s 2.0% to 2.5% inflation target. Real or inflation-adjusted hourly wages, meanwhile, advanced by 0.2% in January to $10.29. Real wages are up 0.6% over the past 12 months.  MW

-831 Weekly USA unemployment claims rise 20k to 362k

-EU Session, Economic Release Data Summary

(RU) Russia Gold & Forex Reserve w/e Feb 15th: $529.5B v $532.5B prior
(CH) Swiss Jan Trade Balance (CHF): 2.1B v 1.7Be; Real Exports M/M: 3.7% v 0.3%e; Real Imports M/M: -0.5 v +5.1% prior
(FR) France Feb Preliminary PMI Manufacturing: 43.6 v 43.8e; PMI Services: 42.7 v 44.4e 
(HU) Hungary Dec Avg Gross Wages Y/Y: 4.9% v 3.9%e
(DK) Denmark Jan Retail Sales M/M: -0.8% v -0.2%e; Y/Y: -1.6 v -3.5% prior
(CH) Swiss Jan M3 Money Supply Y/Y: 9.2 v 9.8% prior
(CH) Swiss Q4 Real Estate Index Family Homes: 419.3 v 412.9 prior
(EU) ECB: €3.0M borrowed in overnight loan facility vs. €5.8B prior; €165.3B parked in deposit facility vs. €164.5B prior
(DE) Germany Feb Advanced PMI Manufacturing: 50.1 v 50.5e; PMI Services: 54.1 v 55.5e 
(NL) Netherlands Feb Consumer Confidence: -44 v -35 prior
(NL) Netherlands Jan Unemployment Rate: 7.5% v 7.2% prior
(NL) Netherlands Jan House Price Index M/M: -2.9% v -0.4% prior; Y/Y: -9.6% v -6.3% prior
(HK) Hong Kong Jan Unemployment Rate: 3.4% v 3.3%e
(EU) Euro Zone Feb Advanced PMI Manufacturing: 47.8 v 48.5e; PMI Services: 47.3 v 49.0e; PMI Composite: 47.3 v 49.0e 
(UK) Jan Public Finances (PSNCR): -£35.6B v -£35.0Be; PSNB ex Interventions: -£11.4B v -£8.7Be; Public Sector Net Borrowing: -£9.9B v -£9.5Be
(UK) Jan Car Production at 129.1K, +1.2% y/y – SMMT
(PL) Central/Eastern European Feb ZEW Indicator: +36.3 v +27.0 prior 

-824 Europe

I took some DAX short profit here.

Country: Index Last Change % Chg
Europe Dow 1689.30 -41.28 -2.39
Stoxx Europe 50 2606.82 -27.19 -1.03
Stoxx Europe 600 285.57 -3.50 -1.21
Euro Stoxx 50 2593.27 -47.08 -1.78
Euro Stoxx 262.12 -4.78 -1.79
Austria: ATX Index 2382.99 -45.69 -1.88
Belgium: Bel-20 2517.33 -40.88 -1.60
Denmark: OMX Copenhagen 20 535.87 -4.44 -0.82
Estonia: OMX Tallinn 759.18 -0.09 -0.01
Finland: OMX Helsinki 6213.51 -95.60 -1.52
France: CAC 40 3644.78 -65.10 -1.75
Germany: DAX 7595.85 -133.05 -1.72
Greece: DJ Greece TSM 762.43 -22.82 -2.91
Greece: FTSE/ATHEX 20 340.68 -8.65 -2.48
Iceland: OMX Iceland All-Share 785.69 1.59 0.20
Ireland: ISEQ Overall 3632.05 -48.01 -1.30
Italy: FTSE MIB 16081.20 -446.30 -2.70
Latvia: OMX Riga 395.55 -3.55 -0.89
Lithuania: OMX Vilnius 374.16 0.06 0.02
Netherlands: AEX 336.55 -7.06 -2.05
Norway: OSE All-Share 516.94 -7.05 -1.35
Portugal: PSI 20 6093.81 -70.75 -1.15
Russia: DJ Russia Titans 6396.04 -68.15 -1.05
Spain: IBEX 35 8044.10 -118.90 -1.46
Sweden: OMX Stockholm 371.11 -4.44 -1.18
Switzerland: Swiss Market 7531.74 -94.27 -1.24
UK: FTSE 100 6293.13 -102.24 -1.60
UK: FTSE 250 13524.95 -214.99 -1.56
UK: FTSE AIM All-Share 745.07 -8.45 -1.12

-Okay, I will pick the blog up in the USA morning, time to get ready to trade Europes PMIs.

-East German Sets up New American Gestapo, the DHS

http://www.veteranstoday.com/2013/02/20/the-new-american-gestapo/

-Google to debut Chrome for touch screens. Move opens new front in battle with Microsoft.

-I see the Eurotrash are drifting in from London. Here’s whats up today- Big day for Espana, selling up to Eu4 bln of 2015, 2019, 2023 debt at 0930  GMT. Also  French, German, Eurozone PMI data. One word for you. Sell!!

-SWISS RE 4Q NET $795M; ANALYST ESTIMATE $240.3M!

-Futures

Futures Index Value % Change Open High Low Time
Americas Futures
DJIA INDEX FUTURE Mar13 13,887.00 -0.01% 13,890.00 13,907.00 13,875.00 02:00:30
S&P 500 FUTURE Mar13 1,506.80 -0.02% 1,507.50 1,509.60 1,505.40 01:56:55
NASDAQ 100 FUTURE Mar13 2,736.00 -0.05% 2,737.00 2,740.25 2,733.25 01:59:34
EURO STOXX 50 Mar13 2,640.00 -0.94% 2,664.00 2,671.00 2,626.00 16:03:46
FTSE 100 IDX FUT Mar13 6,330.00 -0.65% 6,347.00 6,354.00 6,323.00 01:56:56
DAX INDEX FUTURE Mar13 7,732.50 -0.32% 7,753.00 7,784.50 7,705.00 16:03:46

-101 Asia

In a replay of the last time the FOMC minutes were release , FOMC statements interpreted as hawkish spurred profit taking in the USA which spilled over to Asia, and which will spill over Europe. I left my USA short positions open and will leave my DAX short  position open through the Italian election weekend. The Nikkei finished down 1.4 %, at 11309. The Shanghai Cmposite is down 3.3 % to 2317; the Hang Seng is down 1.76 pc to 22896.85. The Kospi is down .47 % to 2015. Oz finished down 2.33 % and New Zealands main index was down 1 %.

Japan’s  government is said to have narrowed its list of prospective BOJ Governor candidates to 4( Former BoJ Dep Gov Muto is not on the list ) Yomiuri Shinbum noted the list includes president of the Japan Center for Economic Research (JCER) Iwata, Gakushuin University professor Kikuo Iwata, Asian Development Bank President Kuroda, and Tokyo University professor Takatoshi Ito. Sony’s desperate bid to stay relevant and solvent got a lot of press in Japan and the USA for ghostware, Sony’s Playstation 4. Considering the first playstation architecture that was wildly successful  was designed by IBM and American engineers in San Jose, this might be Sony’s swan song if they can’t repeat that success. I don’t think the original architecture has another generation left in it, but they might be able to squeeze one out. The Japanese succeeded in finding one of the problems in the b787 plane that caught fire, ‘incorrect’ wiring (or sabotaged wiring) of the batteries to the APU. Still no one has explained the quad-redundancy fail -safe controller failure. Boeing is said to propose a fire proof case and to expand the size of the battery cell to improve cooling. Sources claim in April the B787 could be flying.  White Goods Shipments fell  0.8% in January in Japan.

In China, the China State Council is in  favor of differentiated credit and tax policies and expansion of property tax trials to more Chinese cities.  The  top four banks’ new yuan loans in Feb 1-17th were CNY250B v CNY180B for all of Feb 2012.The Chinese military has been the target of a high number of cyber-attacks from abroad, the China Defense Ministry said  in a response to a Tuesday report by United States computer security firm Mandiant that accused China’s military of hacking US websites.Ministry spokesman Geng Yansheng said computers used by the military have been attacked on many occasions. “A considerable number” of the attacks, he said, came from the US, judging from the IP addresses of the alleged attackers.Geng said that every country should handle cyber security in a “professional and responsible way”. He did not directly accuse the US government of being behind the attacks as IP addresses can be disguised. Chinese security experts said that cyber-security is Washington’s new form of levying pressure on the Chinese military.

Gold continued to tumble as the rumor circulated globally of a hedge fund liquidating, and on the FOMC minutes and ‘death cross’. Asian traders seemed to by the hedge fund liquidation rumor, which is easier to fathom than the daily intervention, or management of the price of gold by the Anglo-Zionist banking cartel of the West. Mining shares were hit hard from Australia to China.

7/10 Koreans want their government to acquire nukes. The fearless leader of North Korea was out a couple of days back promising the South Koreans the ‘final solution’. The Greasy Zionist Sheldon Adelson, Mitt Romney backer is demanding Korea up their doors to his smut and gambling establishments. Zionist conquest through theft (gambling ) and moral destruction of the family.

Economic Release Summary

(CN) CHINA JAN CONFERENCE BOARD LEADING ECONOMIC INDEX m/m: 1.0% V 0.4% PRIOR
(AU) AUSTRALIA JAN RBA FOREIGN EXCHANGE TRANSACTIONS (A$): 393M V 752M PRIOR
(KR) SOUTH KOREA JAN DISCOUNT STORE SALES Y/Y: -24.6% V -5.0% PRIOR; DEPARTMENT STORE SALES Y/Y: -8.2% V -0.2% PRIOR
(NZ) NEW ZEALAND JAN ANZ NZ JOB ADS M/M: -1.5% V +0.4% PRIOR
(JP) Japan investors sold net ¥620.6B in Foreign Bonds last week vs sold net ¥645.0B prior week; Foreign Investors bought net ¥197.9B in Japan stocks last week vs bought net ¥212.9B in prior week

Equities

 

Country: Index Last Change % Chg
Asia Dow 2998.98 -47.35 -1.55
DJ Asia-Pacific TSM 1354.93 -18.49 -1.35
Australia: All Ordinaries* 4998.60 -115.80 -2.26
Australia: S&P/ASX* 4980.10 -118.60 -2.33
China: DJ CBN China 600 21705.52 -727.21 -3.24
China: DJ Shanghai 296.78 -9.95 -3.24
China: Shanghai Composite 2317.62 -79.56 -3.32
China: Shenzhen Composite 945.13 -24.25 -2.50
China: Shanghai 50 1886.95 -91.35 -4.62
Hong Kong: Hang Seng 22896.85 -410.56 -1.76
India: BSE Sensex 19459.73 -183.02 -0.93
India: S&P CNX Nifty 5890.40 -52.65 -0.89
Indonesia: JSX Index 4643.36 8.91 0.19
Indonesia: JSX BISNIS 27 400.27 1.61 0.40
Indonesia: JSX Islamic 625.21 0.59 0.09
Indonesia: JSX LQ-45 792.65 1.66 0.21
Indonesia: PEFINDO-25 488.94 -2.10 -0.43
Indonesia: SRI-KEHATI 251.18 0.84 0.34
Japan: DJ Japan TSM* 599.79 -6.47 -1.07
Japan: Nikkei Average 11309.13 -159.15 -1.39
Japan: TOPIX Index 962.86 -10.84 -1.11
Malaysia: DJ Malaysia TSM 2991.67 -15.32 -0.51
Malaysia: FTSE Bursa Malaysia KLCI 1604.19 -9.14 -0.57
New Zealand: NZX 50* 4170.43 -43.81 -1.04
S. Korea: KOSPI 2015.22 -9.42 -0.47
S. Korea: KOSPI 50 1758.34 -6.46 -0.37
S. Korea: KOSPI 100 2026.14 -8.98 -0.44
S. Korea: KOSPI 200 Composite 266.85 -1.22 -0.46
Singapore: FTSE Straits Times 3291.35 -17.54 -0.53
Taiwan: TAIEX* 7957.46 -71.64 -0.89
Thailand: SET 1534.56 -12.08 -0.78
Gold 1565.40 -12.60 -0.80%
Silver 28.478 -0.144 -0.50%
Copper 3.580 -0.019 -0.52%
Crude Oil 94.42 -0.80 -0.83%
Natural Gas 3.268 +0.001 +0.03%
US Cotton No.2 83.82 -0.66 -0.78%
US Coffee C 141.53 +3.83 +2.78%

GLD: SPDR Gold Trust ETF daily holdings fall by 20.8 tons to 1,299.2 tons (lowest since Sept 13th)
SLV: iShares Silver Trust ETF daily holdings rise to 10,539 tons from 10,521 tons prior (highest since 10,690 on Jan 23rd)
(US) API PETROLEUM INVENTORIES CRUDE: +2.96M V +2Me; GASOLINE: -122K V -1Me; DISTILLATE: -1.64M V -1.5Me; UTILIZATION: 83.7% V 85% W/W
ANZ : Iron ore prices may fall $5-10/ton over the next two months to “high $140s” – China Daily

EUR/USD 1.3251 -0.0033 -0.25%
GBP/USD 1.5173 -0.0060 -0.39%
USD/JPY 93.39 -0.18 -0.19%
USD/CHF 0.9296 +0.0029 +0.31%
AUD/USD 1.0236 -0.0021 -0.20%
USD/CAD 1.0184 +0.0019 +0.19%
EUR/GBP 0.8733 +0.0013 +0.15%

Bonds

Japan 10yr 0.74-0.02, 2.36Bonds

U.S. 10yr 2.01-0.00, 0.15%

CDS

Price Change %Change
AUT CDS 5-YR 44.50 0.165 0.37%
BEL CDS 5-YR 74.00 UNCH 0%
 
DEN CDS 5Y 30.165 UNCH 0%
DUBAI CDS 5Y 216.90 UNCH 0%
EGY CDS 5Y 538.17 UNCH 0%
FIN CDS 5YR 30.165 -0.495 -1.61%
FRANCE CDS 5YR 82.00 UNCH 0%
GER CDS 5YR 41.83 -0.17 -0.40%
GRE CDS 5YR 4087.30 3.40 0.08%
HUN CDS 5YR 292.705 -0.085 -0.03%
INA CDS 5-YR 138.205 2.29 1.68%
IRE CDS 5Y 168.83 0.825 0.49%
ITA CDS 5YR 240.34 2.16 0.91%
JPN CDS 5YR 70.165 0.42 0.60%
KOR CDS 5YR 65.38 1.225 1.91%
NED CDS 5YR 53.50 0.165 0.31%
PAN CDS 5-YR 97.63 0.92 0.95%
POR CDS 5-YR 384.845 0.335 0.09%
SVK CDS 5YR 90.32 UNCH 0%
ESP CDS 5YR 255.26 2.945 1.17%
SWE CDS 5-YR 20.165 0.005 0.02%
SUI CDS 5Y 40.00 UNCH 0%
UK CDS 5Y 52.00 UNCH 0%
US CDS 5Y 38.665 -0.205 -0.53%

CDS, CMA data

-Fed’s Rosengren (dove, voter) said aggressive FOMC policies are appropriate; Fisher and Stein are concerned about risks related to the growth in the credit market. In press after FOMC minutes release

-After Hours

ARII: Reports Q4 $1.14 (record high) v $0.78e, R$207.7M v $185Me
CAKE: Reports Q4 $0.51 v $0.52e, R$465M v $467Me; -1.5% afterhours
FLR: Reports Q4 $1.58 (adj) v $0.86e, R$7.02B v $7.15Be; -1.3% afterhours
TSLA: Reports Q4 -$0.65 (adj) v -$0.53e, R$306M v $295Me; -6.1% afterhours

-Geopolitical Headliners

 

News-www.antiwar.com
Updated February 21, 2013 – 12:05 AM EST
99% in US See Iran’s Nuclear Program as ‘Threat’
UN: Iran Diverting Uranium for Peaceful Purposes
Report: Nuclear Iran Would Not Spark Mideast Arms Race
Iran Economy Far From Collapse as Sanctions Tighten
Al-Qaeda’s Top Recruiting Tool: The CIA
Did Lindsey Graham Accidentally Divulge Secret Drone Kill Numbers?
Defense Budgets Sustain Obsolete US Military
Navy Tweets How Budget Cuts Will Sink Its Fleet, Ground Its Planes
Anti-Hagel ‘Friends of Hamas’ Rumor Totally Fabricated
Likud Bill Would Prevent Peace Deals With Palestinians
Bulgaria’s Hezbollah ‘Hypothesis’ and the EU Terror List
Despite Lack of Proof, US to Attack Chinese in Retaliation
Syrian Rebels Sign Deal With Kurdish Militia
British PM: Use Foreign Aid for Military
Viewpoints
Why Arming the Syrian Rebels Won’t Give the US Much Leverage by Stephen M. Walt
Congress: End Endless War and Stop Becoming  by Norman Solomon
The F-35 Folly: How Our Own Fighter Jets Are Killing Us by Thom Hartmann
Make Tehran a Serious Offer by Yousaf Butt
Targeted Killings: OK if Obama Does It?  by Joan Walsh
With Drones, Dangers Lurk Behind Tortured Definitions  by Leonard Pitts J

-New York Times Co. is formally exploring a sale of the Boston Globe, its only remaining business outside the core New York Times media brand.The publisher is working with Evercore Partners Inc. (EVR) as an adviser for a sale, Times Co. said yesterday in a statement. The company intends to focus its strategy and investment on the Times brand, it said.

But as then he that was born after the flesh persecuted him that was born after the Spirit, even so it is now.

Galatians 4-29

-Economic Calendar

Time Cur. Imp. Event Actual Forecast Previous
02:15   CHF     Trade Balance 1.735B 1.003B
02:58   EUR     French Manufacturing PMI 43.8 42.9
02:58   EUR     French Services PMI 44.5 43.6
03:28   EUR     German Manufacturing PMI 50.5 49.8
03:28   EUR     German Services PMI 55.5 55.7
03:30   HKD     Hong Kong Unemployment Rate 3.30% 3.30%
04:00   EUR     Manufacturing PMI 48.4 47.9
04:00   EUR     Services PMI 49.2 48.6
04:30   GBP     Public Sector Net Borrowing -11.2B 13.2B
04:45   EUR     Spanish 10-Year Obligacion Auction 5.290%
04:45   EUR     Spanish 2-Year Bonos Auction 2.823%
04:45   EUR     Spanish 5-Year Bonos Auction 4.123%
05:05   EUR     French 2-Year BTAN Auction 0.24%
05:05   EUR     French 4-Year BTAN Auction 0.74%
05:05   EUR     French 5-Year BTAN Auction 1.06%
05:35   GBP     10-Year Treasury Gilt Auction 1.900%
06:00   GBP     CBI Industrial Trends Orders -15 -20
08:30   USD     Continuing Jobless Claims 3170K 3114K
08:30   USD     Core CPI (MoM) 0.2% 0.1%
08:30   USD     Core CPI (YoY) 1.8% 1.9%
08:30   USD     CPI (YoY) 1.6% 1.7%
08:30   USD     CPI (MoM) 0.1% 0.0%
08:30   USD     Initial Jobless Claims 355K 341K
09:00   MXN     Mexican Retail Sales (YoY) 2.1% 3.5%
09:00   USD     Manufacturing PMI 55.60 55.80
09:45   USD     Bloomberg Consumer Confidence -35.9
10:00   USD     CB Leading Index (MoM) 0.3% 0.5%
10:00   USD     Existing Home Sales 4.90M 4.94M
Tentative   USD     MBA Delinquency Rates (QoQ) 7.40%
10:00   USD     Philadelphia Fed Manufacturing Index 1.0 -5.8
10:30   CAD     BoC Review
10:30   USD     Natural Gas Storage -122B -157B
11:00   USD     Crude Oil Inventories 1.800M 0.560M
11:00   USD     Gasoline Inventories -0.667M -0.803M
17:30   AUD     RBA Governor Stevens Speaks
19:00   SGD     Singaporean GDP (YoY) 1.2% 1.1%
Tentative   CNY     China House Prices (MoM) -0.04%
21:00   NZD     Credit Card Spending (YoY) 4.6%

Newslinks

-Bersani’s Bet: Will the Anti-Berlusconi Triumph in Italy?

http://bit.ly/WV4KVM

-ESM says Cyprus Contagion Risk

http://www.reuters.com/article/2013/02/20/us-eurozone-cyprus-esm-idUSBRE91J1D420130220

-U.S. CEO to French industry minister, over proposed deal: ‘How stupid do you think we are?”

http://on.wsj.com/1572Chd

-European Stocks Decline Most in Two Weeks on Fed, Economy

-S. Korea’s Poisoned Chalice of Household Debt Restricts Park

http://www.bloomberg.com/news/2013-02-20/south-korea-s-poisoned-chalice-of-household-debt-restricts-park.html

-DPJ opposes radical reflationist at BOJ

http://www.reuters.com/article/2013/02/21/us-japan-economy-boj-opposition-idUSBRE91K04620130221

-Fed minutes: Lots of talk on bond-buying, no firm conclusions on what’s next for monetary policy

http://www.washingtonpost.com/blogs/wonkblog/wp/2013/02/20/fed-minutes-lots-of-talk-no-firm-conclusions-on-whats-next-for-monetary-policy/

-France’s euro partners fear deficit delay will hurt credibility

http://www.reuters.com/article/2013/02/20/us-eurozone-fiscal-idUSBRE91J11620130220

-Core problem for Europe as France, Germany drift apart

http://uk.reuters.com/article/2013/02/20/uk-core-problem-idUKLNE91J02720130220

-Chinese Cyberwarriors have hacked most USA institutions

Given the number of times the Mossad/CIA have hacked this blog, who cares?

http://www.washingtonpost.com/business/technology/chinese-cyberspies-have-hacked-most-washington-institutions-experts-say/2013/02/20/ae4d5120-7615-11e2-95e4-6148e45d7adb_story.html

-Bersani Preaches Spread-the-Wealth Before Italian Vote

http://www.bloomberg.com/news/2013-02-20/bersani-fends-off-grillo-in-sicily-with-senate-in-balance.html

-EU PMIs Contract more than Forecast

http://www.bloomberg.com/news/2013-02-21/euro-area-manufacturing-services-contract-more-than-forecast.html

-GOP Resisting Obama Tax Increase Demands

http://www.nytimes.com/2013/02/21/us/politics/gop-resisting-obama-on-tax-increase.html?hp&_r=2&

-Fed wont end stimulus anytime soon

http://www.washingtonpost.com/business/economy/federal-reserve-wont-end-stimulus-efforts-anytime-soon-minutes-show/2013/02/20/2b9455d0-7b7e-11e2-82e8-61a46c2cde3d_story.html

-Boeing Said to Plan New 787 Battery So Jet Can Fly Soon

http://www.bloomberg.com/news/2013-02-21/boeing-said-to-plan-new-787-battery-so-jet-can-fly-soon.html

-Insider Sales Reach 2-Year High as S&P 500 Nears Record

http://www.bloomberg.com/news/2013-02-21/insider-sales-reach-2-year-high-as-s-p-500-nears-record.html

-India seen boosting gold import duty second time to cut deficit

http://bloom.bg/15wUBmM

-Thousands of children in India’s remote northeast work in “rat-hole” mines too small for adults to enter

http://bit.ly/11WIiRU  

-ECB feels USA Pressure over Money Clearing for Iran

http://www.ft.com/intl/cms/s/295d5bcc-7b83-11e2-8eb3-00144feabdc0

-Russia Pushes to Cement Energy Ties with China

http://www.bne.eu/story4583/Russia_pushes_to_cement_energy_ties_to_China

-PBOC’s switch to drain cash turns Citigroup bearish

http://bloom.bg/ZtdG8S

-Rio Tinto’s Mongolia copper dream awakens 20-year-old nightmare http://bloom.bg/YaT5n0

-Special Report: Russia’s $50 billion Olympic gamble

http://www.reuters.com/article/2013/02/21/us-russia-sochi-idUSBRE91K04M20130221

-FCC’s spectrum proposal seeks to ease Wi-Fi congestion

http://www.reuters.com/article/2013/02/20/us-usa-fcc-spectrum-idUSBRE91J14420130220

-Boeing 787 Dreamliner’s failed battery was wired incorrectly, Japan says

http://www.guardian.co.uk/business/2013/feb/20/boeing-dreamliner-failed-battery-wired

-Honey Sting Leads to U.S. Charges of Smuggling From China

http://www.bloomberg.com/news/2013-02-20/u-s-probe-nets-largest-honey-smuggling-scheme-in-history.html

-After China’s multibillion-dollar cleanup, water still unfit to drink

http://www.reuters.com/article/2013/02/20/us-china-pollution-water-idUSBRE91J19N20130220

-Japan’s Abe seeks to show off alliance, get Obama nod on Abenomics

http://www.reuters.com/article/2013/02/21/us-japan-usa-abe-idUSBRE91K05420130221

-Several on FOMC Said Fed Should Be Ready to Vary QE Pace

http://www.bloomberg.com/news/2013-02-20/several-on-fomc-said-fed-should-be-prepared-to-vary-pace-of-qe.html

-USA Navy  Australian Ships Leaking $37 Billion Reflect Eisenhower’s Warning

Great Job Aussies!! Aussie, Aussie, Aussie Oi, Oi, Oi…

http://www.bloomberg.com/news/2013-02-21/ships-leaking-37-billion-reflect-eisenhower-s-warning.html

-Sony seeks head start over Microsoft with new PlayStation

http://www.reuters.com/article/2013/02/21/net-us-sony-ps-idUSBRE91J0C620130221

-EU to register Chinese solar panels in move toward duties: sources

http://www.reuters.com/article/2013/02/20/us-eu-china-solar-idUSBRE91J15V20130220

-Boeing to meet with FAA on Dreamliner fixes: source

http://www.reuters.com/article/2013/02/20/us-boeing-dreamliner-battery-idUSBRE91J10720130220

-Majority of U.S. citizens say illegal immigrants should be deported

http://www.reuters.com/article/2013/02/21/us-usa-immigration-idUSBRE91K01A20130221

-Sentiment rattled by liquidation talk, Fed minutes

http://www.reuters.com/article/2013/02/21/us-markets-global-idUSBRE88901C20130221

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5 Responses to ZGR 2/21/2013

  1. zephyrglobalreport.com says:

    i don’t have any jr oilers that im super hot on currently. wrt to the far north guy, im okay with what they are doing. worse than 2008 for raising capital thanks to the zionist scum bankers.

  2. jose says:

    and the direction of the swede wrt to capital allocation. again, thanks nd.

  3. jose says:

    hi, in your comments tonight on oil can you add your thoughts on your favorite small oil? thanks nd.

  4. zephyrglobalreport.com says:

    thanks

  5. vino says:

    The Federal Reserve is the biggest player in the bond market and will be “effectively absorbing about 90 percent of net new dollar-denominated fixed-income assets” in 2013

    http://wallstcheatsheet.com/stocks/fomc-minutes-keep-the-money-printing-party-going.html/2/

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