-Medvedev lashes out at EU as ‘Elephant in China Shop” over Cyprus, he should have said ‘Jew at an all you can eat buffet’
-Obama promises Israel another 10 year ‘aid’ package
-Bernanke Gloats over Cyprus ‘Markets are up today’
-FED Holds .25 % rate, Maintains QE, Promises to hold until unemployment at 6.5 %
-Troika Rejects Greek Plan B. ECB refuses Emergency lending, Cyprus CB says Banks to remain closed for rest of week, Monday Holiday
-King Defeated , 6-3 in QE Vote as BOE Raises Pound Concerns
-French Police Raid Lagarde’s home
-OCC Downgrades JPM BOD after Whale Debacle (Lying, theiving Scum rating not available)
-FRE Sues British Bankers association and 15 banks over LIBOR manipulation
-Hollande to get Confidence Vote after Swiss Bank Account Scandal
-PIMCO sells Europe
-Obama in Israel, 10 th visit with Ashkenazi War Criminals
-JPM finally Coughs up Stolen Man Financial loot
-Massive Short Covering Rally in JGBs and Nikkei surges
-China equity markets surge
-Andarko, Marathon, Cobalt, and COP hit major oil strike In Deep Gulf
-Cyprus Markets /Banks may be shut all week, Cyprus vows Russian Deal. Europe Threatens Cyprus.
- Volkswagen recalls 384,181 vehicles in China for gearbox faults
-North Korea Threatens Reprisal if USA overflies Korean Penisula with B52s, launches major Cyber attack against South Korean banks and broadcasters , or Mossad false flag.
-FOMC Day in the good old USA
-Thats it for today ex the closing prices. Cyprus and Europe are eating up far too much time. Eurotrash rules!! Ask Prince Charles and Baron Rothschilds
-What is left of Obama/Bibi press conference live
Bibi is nodding his approval at his Monkey-Boy, and black jew of Prince Charles
-Odd how Obama began his speech in Israel at the exact some time as the Goon Bernanke. Probably to make sure Americans did not hear what a groveling bootlicking Jew he is.
-A solution must be found to reopen Cypriot banks within days before it is “too late”, one of Europe’s top bankers warned on Wednesday, saying he feared the island’s problems risked knocking confidence across the region.”Everything needs to be solved very quickly. This is a matter of a very few days before it gets too late,” Christian Clausen, president of lobby group the European Banking Federation told Reuters in an interview.”Speed is extremely important,” said Clausen, who is also chief executive of Nordea Group, the Nordic region’s biggest lender.Clausen’s comments were echoed by Hung Tran, deputy managing director of the Institute of International Finance, a global bank lobby group.”The country is small and the numbers involved are small but the symbolism is significant,” Tran told Reuters. “The protection for small depositors has been violated.”Deposits have never been haircut in five years of financial crisis,” said Tran, who helped negotiate an earlier restructuring of Greek debt that handed losses to investors. “The risk is that there will be a deposit flight out of Cyprus.”The remarks underscore a growing sense of alarm in the banking community as Cyprus tries to avoid a default and bank crash having rejected the terms of a euro zone bailout.Banks in Cyprus are set to remain closed on Thursday and Friday as the country races to find an alternative to imposing a levy on bank deposits in return for financial aid.With Monday a public holiday, the move effectively closes lenders until Tuesday, March 26.Describing the closure of bank branches as “a very bad thing to do” and the imposition of a levy on depositors as “unfortunate”, Clausen said he feared that events in Cyprus would snuff out a gradual return of confidence. Reuters
I sold my DIA and SPY longs. I managed to get some okay prices on the long DIA , SPY in the premarkets and a great DIA price by buying the open of the markets and staying away from the corrupt CME futures gang. I sold the morning pop, then opened up the short for the bleed off and covered that a bit 30 minutes before the FOMC speech and went long and just sold. I’m maintaining my DIA, SPY and DAX short and opened those up a bit more for tomorrow. I just rode my DAX short up today as I was afforded no good price at the open of the future or DAX ETF and have been short higher. Kind of fake rally driven by a London rumor there was a deal in Europe, when clearly if you read the papers the place is coming unglued at the seams. Certainly by next week Tuesdays when Cyprus banks reopen, things will be greatly different, and not in a good way in Europe.
-1439 Bernanke Done Speaking
Backpeddling on Cyprus in QA, and gloats ‘vote failed’ but markets are up today, denying implicitly the clear hand of ESF/UST/ECB/FED in the market today. No ‘threat to USE”.
Basically just amplified policy statement and clarified some issues.
2:39 p.m. EDT 03/20/13Major Stock Indexes
-1430 Bernanke starts- see link
-USA Session Economic Release Summary
In addition to Andkarko and Fedex already discussed
Homebuilder Lennar crushed both top- and bottom-line expectations in its first quarter thanks to very strong improvements in its business. The firm disclosed very healthy metrics, including a 13% gain in average sale prices. Share price is already dear, so there was only movement by 1.5 % to the upside Shares of Adobe rose as much as 5% on a relatively strong Q1 report, although it is gave up gains . The firm topped expectations and adjusted its full-year view slightly higher.
(US) MBA Mortgage Applications w/e Mar 15th: -7.1% v -4.7% prior
(CA) Canada Feb Teranet/National Bank HPI M/M: -0.2% v -0.3% prior; Y/Y: 2.7% v 2.7% prior; House Price Index: 152.7 v 153.0 prior
(US) Weekly DOE Inventories: Crude: -1.31 v +1Me; Gasoline: -1.48M v -2Me; Distillate: 670K v -1.5Me; Utilization: 83.5% v 81.1%e
(RU) Russia Feb Real Retail Sales M/M: -1.8% v -1.0%e; Y/Y: 2.5% v 3.3%e
(RU) Russia Feb Unemployment Rate: 5.8% v 5.9%e
(DE) Germany sold €3.358B in 1.5% 2023 Bunds; Avg Yield 1.36% (lowest since July) v 1.66% prior; Bid-to-cover: 1.63x v 1.25x prior
(ZA) South Africa Central Bank (SARB) left interest Rates unchanged at 5.00%, as expected
- Live link today at 2:30 p.m. ET, press conference with
FOMC Chairman Bernanke
-FED does not see employment hitting goal until late 2015.
-1400 FED HOLDS
Fed sees economy returning to moderate growth after Q4 pause
Release Date: March 20, 2013
For immediate release
Information received since the Federal Open Market Committee met in January suggests a return to moderate economic growth following a pause late last year. Labor market conditions have shown signs of improvement in recent months but the unemployment rate remains elevated. Household spending and business fixed investment advanced, and the housing sector has strengthened further, but fiscal policy has become somewhat more restrictive. Inflation has been running somewhat below the Committee’s longer-run objective, apart from temporary variations that largely reflect fluctuations in energy prices. Longer-term inflation expectations have remained stable.
Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. The Committee expects that, with appropriate policy accommodation, economic growth will proceed at a moderate pace and the unemployment rate will gradually decline toward levels the Committee judges consistent with its dual mandate. The Committee continues to see downside risks to the economic outlook. The Committee also anticipates that inflation over the medium term likely will run at or below its 2 percent objective.
To support a stronger economic recovery and to help ensure that inflation, over time, is at the rate most consistent with its dual mandate, the Committee decided to continue purchasing additional agency mortgage-backed securities at a pace of $40 billion per month and longer-term Treasury securities at a pace of $45 billion per month. The Committee is maintaining its existing policy of reinvesting principal payments from its holdings of agency debt and agency mortgage-backed securities in agency mortgage-backed securities and of rolling over maturing Treasury securities at auction. Taken together, these actions should maintain downward pressure on longer-term interest rates, support mortgage markets, and help to make broader financial conditions more accommodative.
The Committee will closely monitor incoming information on economic and financial developments in coming months. The Committee will continue its purchases of Treasury and agency mortgage-backed securities, and employ its other policy tools as appropriate, until the outlook for the labor market has improved substantially in a context of price stability. In determining the size, pace, and composition of its asset purchases, the Committee will continue to take appropriate account of the likely efficacy and costs of such purchases as well as the extent of progress toward its economic objectives.
To support continued progress toward maximum employment and price stability, the Committee expects that a highly accommodative stance of monetary policy will remain appropriate for a considerable time after the asset purchase program ends and the economic recovery strengthens. In particular, the Committee decided to keep the target range for the federal funds rate at 0 to 1/4 percent and currently anticipates that this exceptionally low range for the federal funds rate will be appropriate at least as long as the unemployment rate remains above 6-1/2 percent, inflation between one and two years ahead is projected to be no more than a half percentage point above the Committee’s 2 percent longer-run goal, and longer-term inflation expectations continue to be well anchored. In determining how long to maintain a highly accommodative stance of monetary policy, the Committee will also consider other information, including additional measures of labor market conditions, indicators of inflation pressures and inflation expectations, and readings on financial developments. When the Committee decides to begin to remove policy accommodation, it will take a balanced approach consistent with its longer-run goals of maximum employment and inflation of 2 percent.
Voting for the FOMC monetary policy action were: Ben S. Bernanke, Chairman; William C. Dudley, Vice Chairman; James Bullard; Elizabeth A. Duke; Charles L. Evans; Jerome H. Powell; Sarah Bloom Raskin; Eric S. Rosengren; Jeremy C. Stein; Daniel K. Tarullo; and Janet L. Yellen. Voting against the action was Esther L. George, who was concerned that the continued high level of monetary accommodation increased the risks of future economic and financial imbalances and, over time, could cause an increase in long-term inflation expectations.
-Cyprus’s four options to avoid banking collapse
Notice no mention of just refusing to pay JPM, etc on the OTC IRS and other nonsense products and taking the banks into bankruptcy.
-Rothchilds and Windsor Rejoice as the older Americans die off
The LGBT POTUS and the Anglo-Zionist media and the pernicious celebrity culture of queers.
49% now support SameSexMarriage, 44% opposed; in 2003, 53% were opposed and 33% were in favor
-Greek finance minister says Cyprus must find solution in coming hours.
-Jews at NYT Gloat at Cyrpus Victory
-Congress is going to break for 2 week ‘spring break’ after Thursday. Want to bet a lot of them are heading to British Protectorate, Cyprus?
Amazing how the same trading pattern repeats on FOMC day.
1:40 p.m. EDT 03/20/13Major Stock Indexes
-Senate Banking Committee rubberstamps JPM thugs Mary Jo White, Richard Cordray.
-Eurogroup first proposed to take 40% tax on deposits for Russians depositors in Cyprus. Anastasiadis knew it before elections. Russian source
-EU Close- Troika Kills Plan B, Strong Arms Cypriots, Blame Game and Lies in full swing in EU over mess
International creditors were set to reject an alternative bailout plan Cyprus cobbled together a day after the government’s divisive tax on bank deposits died a quick death, two officials with knowledge of the situation said on Wednesday.Experts from the troika—the European Commission, the European Central Bank and the International Monetary Fund—were briefed Wednesday on Nicosia’s Plan B to secure a €10 billion ($12.93 billion) bailout after Parliament resoundingly rejected the deposit-levy plan attached to the original agreement.Cypriot authorities proposed turning pension-fund assets into government bonds in a bid to raise about €4.2 billion of the €5.8 billion the deposit tax would have raised.But troika officials weren’t convinced this would be a viable option, the officials said. While the plan would bring money into state coffers, it would be in the form of debt, making the country’s already heavy load unsustainable, they said. WSJ
Cyprus Central Bank confirmed banks would not remain closed through thurday and Friday. Monday is a Holiday.
Greece’s finance minister Yannis Stournaras said the country is shielded from the fallout of the Cyprus crisis, per Reuters. There are apparently banks in the country interested in taking over the Greek branches of Cypriot banks.
See Bloomberg article I posted on the EU blame game.
The ECB is playing hardball saying they would delay their decision on emergency funding for Cyprus (ELA).
German 10y 1.39+0.04,- 2.92%
Italy 10y 4.57-0.08. 1.76%
Spain 10y 4.97-0.04, 0.84%
U.K. 10y 1.88+0.05, 2.87%
|Country: Index||Last||Change||% Chg|
|Stoxx Europe 50||2711.90||8.73||0.32|
|Stoxx Europe 600||296.50||0.95||0.32|
|Euro Stoxx 50||2708.90||36.94||1.38|
|Austria: ATX Index*||2465.83||22.17||0.91|
|Denmark: OMX Copenhagen 20*||541.85||-2.81||-0.52|
|Estonia: OMX Tallinn*||827.48||5.79||0.70|
|Finland: OMX Helsinki*||6284.35||28.71||0.46|
|France: CAC 40*||3829.56||53.81||1.43|
|Greece: Athex Composite Share Price*||930.73||7.30||0.79|
|Greece: DJ Greece TSM*||692.39||5.49||0.80|
|Greece: FTSE/ATHEX 20*||300.13||2.36||0.79|
|Iceland: OMX Iceland All-Share*||792.75||1.68||0.21|
|Ireland: ISEQ Overall *||3971.63||35.03||0.89|
|Italy: FTSE MIB*||16015.98||345.42||2.20|
|Latvia: OMX Riga*||415.33||2.37||0.57|
|Lithuania: OMX Vilnius*||388.34||-0.08||-0.02|
|Norway: OSE All-Share*||522.09||-1.17||-0.22|
|Portugal: PSI 20||6112.97||66.13||1.09|
|Russia: DJ Russia Titans*||6237.37||57.73||0.93|
|Spain: IBEX 35*||8416.30||95.30||1.15|
|Sweden: OMX Stockholm*||375.01||1.94||0.52|
|Switzerland: Swiss Market*||7847.70||58.10||0.75|
|UK: FTSE 100*||6432.70||-8.62||-0.13|
|UK: FTSE 250*||14030.68||-5.24||-0.04|
|UK: FTSE AIM All-Share*||743.81||4.72||0.64|
-The Lone no vote to Prince Charles’ and his Cousin the Hellion George W. Bush’s War Upon Iraq..
On the tenth anniversary of the U.S. invasion of Iraq, there’s really only one DC politician worth hearing from: Oakland’s own Rep. Barbara Lee.The Democrat was the ONLY member of Congress not to authorize President George W. Bush to use force in the war on terror. She cast that vote just days after the Sept. 11 terror attacks, when support for war was high. Even a decade ago, on the eve of the “shock and awe” start of the Iraq invasion, 70 percent of Americans supported the war.Now, only 38 percent think invading Iraq was a good idea, according to an ABC News poll. 58 percent say it wasn’t worth fighting.Lee’s 2001 vote was unique in that she took a moral stand in our era of partisan political groupthink at the toughest time to do so. In 2002, when it came time to authorize Bush to use force in Iraq, Sen. Barbara Boxer voted against it, while Sen. Dianne Feinstein voted to give Bush that power.
The results are clear from a decade in Iraq:
4,487 Americans soldiers dead. At least 120,000 Iraqi civilians killed. More than 32,000 U.S. personnel wounded, many with multiple, long-lasting disabilities that affect not only them but their caregivers.
Cost of the war: $1.7 trillion.
Here’s Lee, whose father served for 25 years in the military:
“We were told we would find weapons of mass destruction. We were warned about mushroom clouds. I offered an amendment at the time that would have taken us down a different path. It would have required the U.S. to work through the United Nations, using inspectors and maximizing diplomacy and mediation to ensure that Iraq was not developing weapons of mass destruction.
“Unfortunately the amendment failed, by a vote 72 – 355.
“What happened from there? We all know the tragic consequences: President Bush dragged the country into an unnecessary war; no weapons of mass destruction were ever found; the costs of the Iraq war soared far beyond what was projected; and we lost 4,486 American troops in Iraq, and over 32,000 were wounded.
“Ten years later, the full consequences and costs of the Iraq war remain to be seen. According to a new study by the Watson Institute at Brown University, the war in Iraq has cost $1.7 trillion, with an additional $490 billion in benefits owed to our war veterans. And the long term costs including caring for our veterans, which we must do, could grow to more than $6 trillion over the next four decades.
“Most importantly, we’ve paid for this war most tragically in loss of life and injury. Fighting the war in Iraq has also undercut nation building here at home. Investments we should have been making in job creation, educating our kids, putting cops on the street, and rebuilding our aging infrastructure. Instead of nation building at home, we poured billions of dollars into nation building in Iraq with little oversight or accountability.
“The Special Inspector General for Iraq Reconstruction issued its final report to Congress last month detailing billions of dollars lost to waste, fraud, and abuse. Speaking with an Iraqi official, Special Inspector Stuart Bowen was told, “You can fly in a helicopter around Baghdad, but you cannot point a finger to a single project that was built and completed by the United States.”
“Unfortunately, these lost opportunities and tragic mistakes are not behind us.
“As the daughter of a 25-year veteran of the armed forces, I am incredibly thankful for the sacrifices our women and men have made in Iraq, and continue to make in Afghanistan. I am also deeply concerned with the widespread, often undiagnosed, incidents of PTSD and the alarming suicide rates amongst our returning soldiers.
“We need to honor our troops who served and show our support by giving our men and women who served the best health care, the best educational opportunities, and the best job training available. They deserve nothing less.
“It is my hope that this reckless and short-sighted decision will mark a turning point in American history, and that we will never again wage an unnecessary war. We must use all the tools of American power in resolving disputes, including diplomacy. And we must have sufficient congressional debate and oversight before ever putting another U.S. solider in harm’s way.
“Finally, just like in Iraq, there is no military solution in Afghanistan. We need to bring the war in Afghanistan to an accelerated end, and bring our troops home now.
“Dr. Martin Luther King, Jr., in expressing this sentiment during a different war said, “The bombs in Vietnam explode at home; they destroy the hopes and possibilities of a decent America.”
“Let us put this decade of perpetual warfare behind us, invest in our veterans, our children, and get about the business of nation building here at home.”
-Alamos Gold Inc. has dropped its hostile takeover offer for Aurizon Mines Ltd.The company said its conditions have not been met due to a $27.2-million break fee that would be payable to Hecla Mining Co., which emerged with a white knight offer for Aurizon.“The Aurizon board, by adopting this unique type of break fee, has foreclosed the opportunity for Aurizon shareholders to tender to Alamos’ superior offer,” Alamos president and chief executive officer John McCluskey said in a statement.
-A genetically engineered salmon nearing approval by the Food and Drug Administration, after waiting 17 years, will not reach some store shelves. A coalition of environmental and consumer groups announced Wednesday that they have secured promises from several U.S. grocery chains that they will not carry the fish. These include Whole Foods, Trader Joe’s, Aldi, and PCC Natural Markets in Washington state. Most of the biggest supermarket chains are not participating. SFgate.
-Android Authority was able to perform a benchmark test on the Galaxy S4 during Samsung’s big launch event last week. As a follow up, John Poole of Primate Labs performed the same test on several other leading phones and published the results.In this case, the Galaxy S4 received a benchmark of 3,163. The iPhone 5 got a 1,596, meaning the GS4 is about twice as fast. The GS4 is also twice as fast as Samsung’s last flagship phone, the Galaxy S III. BI
-The CIA is on the verge of signing a cloud computing contract with Amazon, worth up to $600 million over 10 years, reports Frank Konkel at Federal Computer Week.
-The Goal is to get gold down below 1600 today as Bernanke promises QE^n and no inflation. Newslinks are updated.
MARKETS – AT A GLANCE
-Merissa Meyer, Mommy or YHOO CEO?
Like Carly Sneed, aka Fiorina, and Carol Bartz the Jew, another head case female CEO, you can’t be a good mom and a CEO of a SP500. GOOG does not take months to get back to your after an interview, its PDQ. She waits nearly an entire module design cycle to get back to coders. Coders are a commodity. You put your emphasis on R&D and engineering leadership as the CEO and let them have at it. And yet the GOOG CEO finds time to code on top of all of it.
-The night before Governor John Hickenlooper signed Colorado’s toughest gun laws in a decade, his prisons director was shot dead when he answered the door of his home.Tom Clements, the 58-year-old executive director of the Department of Corrections, was killed about 8:30 p.m. yesterday at his home in Monument, north of Colorado Springs, Hickenlooper said in a statement posted on his Facebook page. BBN
-French police today searched the home of Christine Lagarde, the managing director of the International Monetary Fund, the Paris prosecutor’s office said.The Cour de Justice de la Republique, which investigates ministers’ actions in office, is looking into whether former French finance minister Lagarde erred in agreeing to an arbitration to end a dispute with businessman Bernard Tapie, a supporter of Former President Nicolas Sarkozy. Hollande. BBN
Retaliation by Hollande for llargde leaking his corrupt Economic ministers Swiss Bank account
-“The French economy is paralyzed.“Our confidence motion is intended as a wake-up call for the government.”
Jean-Francois Cope, head of the opposition Union for a Popular Movement, said today on I-tele television.
-The Republican chief economist for the U.S. Senate Banking Committee might soon be a commissioner at the nation’s securities watchdog.
That’s according to a Bloomberg report that said four people briefed on the matter are saying Michael Piwowar, the chief Republican economist for the U.S. Senate Banking Committee, is being reviewed for an appointment to the Securities and Exchange Commission when a position becomes available later this year.
Polish Jew most likely. Poles can have the last name Piwowar, but only Polish Jews have red hair like that. Looks like a Polish Jew I worked with before. A common name Polish name. I’ve never met a Pole who had red hair who was not a Jew, so he would be the first. As Nixon found out the Jews have all kinds of moles in Washington DC and they were far more prevalant than his so called paranoia lead him to suspect once he had their numbers investigated at the BLS/Commerce department.
11:58 a.m. EDT 03/20/13Major Stock Indexes
-BBN-IMF Chief Christine Lagarde’s Home Searched by French Police
I have been entreating the Lord to bring down this foul Jewish witch and London puppet. Pray Kissinger and the entire Bush family and Rockefeller and Rothschilds and Windsor families are brought down, and as they have made war upon the world, the Lord will make war upon them for their murder and mayhem.
-I was talking to a Doctor who works for a major HMO type firm and he said the firms philosophy was ‘to shorten lifespans’ and ‘kill you’ if possible. He ‘needed’ the money to pay his medical school bills, but would not go along with the Agenda and was a Christian. He further said the current flu shots are basically toxic by design to anyone over 65, and while he never pushed them, people came in and ‘demanded them’. As Eustace Mullins, the great American researcher wrote, ‘murder by injection’. Prince Charles is all about oppressing you, and the English universally support this war criminal and mass murderer, and granny killer. The English are, a foul, foul, foul satanic people. The end of their empire is at hand I pray. Down with the British-Israel empire.
-Freddie Mac (FMCC) sued Bank of America Corp., UBS AG (UBSN), JPMorgan Chase & Co. (JPM) and a dozen other banks over alleged manipulation of the London interbank offered rate, saying the mortgage financier suffered substantial losses as a result of the companies’ conduct.The complaint lists 15 banks as defendants as well as the British Bankers’ Association. They include Citigroup Inc. (C), Barclays Plc, Royal Bank of Scotland Group Plc (RBS), the Royal Bank of Canada, Deutsche Bank AG and Credit Suisse Group AG. (CSGN). USA Government-owned Freddie Mac accuses the banks of acting collectively to hold down the U.S. dollar Libor to “hide their institutions’ financial problems and boost their profits,” according to a complaint filed in federal court in Alexandria, Virginia.
-A key bank regulator has called for improvement in the management of JPMorgan Chase & Co on concerns linked to the multi-billion dollar “London Whale” trading loss last year, the Wall Street Journal reported, citing knowledgeable sources.The Office of the Comptroller of the Currency (OCC) downgraded the firm’s management rating in July to level 3, meaning the board’s abilities “may be insufficient” and “need improvement”, the paper said, quoting sources familiar with the matter. WSJ
-Looks like today’s program is to push the SP500 to a new record high. The DOW is making new highs as I type.
10:23 a.m. EDT 03/20/13Markets Diary
- Sweden Fin Min Borg commented that European growth to be slow and lag the US. The world was in rather troublesome state with a slow global recovery. He stressed that must understand just how deep the EMU crisis was with Euro Zone unemployment set to rise. He believed that likely to reach a solution for Cyprus this week. Overall Cyprus was a limited problem and noted that Italy was a significant risk to global economy and more of a concern than Cyprus. He saw Italy as a bigger risk to financial markets than Spain.
-The three stooges, aka the Three Jews, aka The three War Criminals
‘I see this visit as an opportunity to reaffirm the unbreakable bond between our nations, to restate America’s unwavering commitment to Israel’s security and to speak directly to the people of Israel and to your neighbours. I am confident in declaring that our alliance is eternal, is forever”
In a short speech before Israeli parliamentarians, religious leaders, military figures and other dignitaries, Obama said: “We will never lose sight of the vision of an Israel at peace with its neighbours.” The Palestinians were not mentioned by name.
Wednesday’s schedule is dominated by at least five hours of talks between Obama and Netanyahu. It will be the tenth time the pair have met face to face since both took office in early 2008. No other world leader has clocked up as many meetings with Obama.
The Iranian nuclear programeis top of the agenda for Netanyahu, closely followed by the deteriorating security situation in neighbouring Syria. The stalled “peace process” with the Palestinians will also be discussed, along with Israel’s regional relationships, principally with Turkey and Egypt.
Mustafa Barghouti, an independent Palestinian legislator, said of the stated goal of the Obama visit of listening to both sides. “The issue is not about listening, but realizing the reality of the situation and dealing with it. The passivity of the United States is dangerous at a time when the whole notion of the two-state solution is at risk. Passivity is unacceptable.”
-Toxic Chinese Chopsticks- Prince Charles gang at Work?
That SOB will do anything he can get away with. Don’t underestimate England’s reach into China, it is their former dope colony and there is a Chinese Jew, at the number 2 spot in China whose family has a 200 year relationship with the English crown. Those are some pretty expensive chemicals to use to make chopsticks, so why would you? They spray Chemtrails, don’t they. The English royals hate Asians, Prince Phillip is on the record making all kinds of racist comments about them.
A worker at a chopstick factory shows how to polish disposable chopsticks with toxic paraffin wax and talc in Liuzhou, the Guangxi Zhuang autonomous region, in Apri
On Sunday, actor Huang Bo posted a message on his micro blog saying that when he tried to wash the disposable chopsticks provided to him in a restaurant, he was astonished to find that the chopsticks turned the water yellow and gave off a pungent smell.”Stop using disposable chopsticks, it is not about saving the environment anymore, it is about saving your own life,” Huang wrote on the micro blog.The message was forwarded 125,000 times.Angry netizens asked Huang to reveal the name of the restaurant, Huang said the bad chopsticks are not only provided in that one restaurant, but are widely distributed.Dong Jinshi, secretary-general of the International Food Packaging Association, said the color and smell of the chopsticks may indicate that they were exposed to sulphur and other chemical substances.”Sulphur, hydrogen peroxide, sodium sulfite and mold inhibitor, are chemical substances commonly used to make disposable chopsticks, even though they are not allowed,” Dong said. China Daily
-U.K. Chancellor of the Exchequer George Osborne delivered his 2013 budget, highlighting that the country’s deficit has been cut by a third (lie), but that the economic growth is slower than expected. The pound initially dropped to as low as $1.506, as the Chancellor gave way for expectations that the Bank of England could be handed more power to further ease monetary conditions.
-950 Anadarko Petroleum Corp. APC +3.69% shares rose 4.1% on Wednesday, leading energy stocks higher, after the company announced a well discovery in deepwater Gulf of Mexico that it hailed as one of the largest in the area. Anadarko’s Shenandoah-2 well hit 1,000 net feet of oil-bearing rock and reservoirs with “much higher quality than previously encountered,” the Houston-based company said in a statement. Anadarko operates the well. Co-owners are ConocoPhillips COP +0.62% , with a 30% interest, Cobalt International Energy LPCIE +9.42% , with a 20% interest, Venari Resources LLC, with a 10% interest, and Marathon Oil Co. MRO +1.59% , with a 10% interest. Shares of ConocoPhillips rose 0.9%, while Cobalt and Marathon rose 9.5% and 1.4%, respectively. MW
-0942 Shares of BlackBerry Inc. BBRY +4.94% jumped nearly 5% to $15.70 on Wednesday morning after Morgan Stanley upgraded the stock to overweight from underweight. In a note to clients, analyst Ehud Gelblum based his call “on the thesis that the mix-shift of devices away from BB6/7 and to BB10 expands GM [gross margins] and ASP [average selling prices], even after assuming a lower service attach rate on BB10 and very unheroic assumptions on numbers.” The company formally launched its BlackBerry 10 platform and the Z10 smartphone last month, initially in the U.K. and Canadian markets, and the U.S. launch happens this Friday. Gelblum also raised his price target on the stock to $22 from $10. MW
-0931 USA opens
-Parcel delivery firm FedEx Corp. on Wednesday reported a 31% drop in quarterly profit as it slashed its outlook for the year, citing a customer shift to cheaper overseas deliveries.The Memphis company said its fiscal third-quarter ending Feb. 28 net income dropped to $361 million, or $1.13 a share, from $521 million, or $1.65 a share.The Memphis company said its fiscal third-quarter ending Feb. 28 net income dropped to $361 million, or $1.13 a share, from $521 million, or $1.65 a share.“Our lower-than-expected results for the quarter and reduced full-year earnings outlook were driven by third quarter international revenues declining approximately $100 million versus our guidance primarily due to accelerating customer preference for lower-yielding international services, lower rate per pound and weight per shipment,” said Alan B. Graf Jr., FedEx Corp. executive vice president and chief financial officer, in a statement.“We expect these international revenue trends to continue. We have other actions under way beyond those already included in our profit improvement program. Some of these additional actions may involve temporarily or permanently grounding aircraft, which could result in asset impairment or other charges in future periods. MW
Gov King, members Fisher and Miles supported rise of £25B in QE policy as MPC saw arguments for and against QE extension. The BOE saw risk of unwarranted GBP currency (pound) fall if QE expanded further .It added that GBP weakness due to credit issues would be different. Incredibly they said Persistent GBP depreciation would add “a little” to inflation. More stimuli could risk inflation expectations drift. Inflation outlook was a little higher with expectations stable as wage growth weak. Recent data had not altered economic outlook materially but global demand remained uncertain.
Cyprus Finmin Sarris commented that he hoped for loan agreement with Russia today but could not predict the results of the discussions. Later he noted that the dialogue with Russia had been constructive although no decision had been reached yet. He vowed to remain in Russia until an agreement was reached. The Cyprus Interior Minister said EU/IMF/ECB Trokia did not like plan “B” but added there was no chance of Cyprus exiting the Euro zone . He added that Troika believed it was possible to shut down two Cyprus banks. Germany’s Schaeuble stated that 2 large banks in Cyprus will become basically insolvent if they do not receive aid.On Tuesday it was reported that the ECB reaffirmed that it would provide liquidity to Cyprus “within existing rules”; ECB’s Nowotny suggested that the ECB would be prepared to be the “lender of last resort”. Currently the ECB’s Emergency Liquidity Assistance (ELA) for Cyprus banking system is due to expire on Thursday. Earlier in the week, it was reported that the ECB would provide liquidity, if the deposit levy plan was passed, a form of extortion.It was reported that EU officials discussed additional capital controls for Cyprus. The capital controls plan could involve the ECB providing euro liquidity to ATMs. Also daily limits could be placed on banking transactions.Cyprus’ Finmin Sarris again denied earlier reports that he had submitted his resignation.ECB’s Asmussen (Germany) said the ECB will only provide liquidity to solvent banks.; Cypriot banks were not solvent without quick recapitalization ECB Nowotny(Austria) said on Austrian TV that the Cyprus vote won’t have much effect for the EU but will impact principally Cyprus. He said It “was probably not politically very clever” to involve small depositors. Mr. Nowotny said there had been a discussion before whether Cyprus was even systemically relevant and needed to be bailed out. Cyprus’s economy makes up 0.2% of the euro zone’s economy, he said. When asked about the possibility of a euro-zone exit for Cyprus, Mr. Nowotny said, “Certainly this is not [desired] from the side of the euro zone ,but one must say that membership in the euro zone demands a certain discipline, a certain readiness for rational action.” He repeated earlier comments that Cyprus is a special case that hasn’t implemented the reforms that other countries have.German Chancellor Angela Merkel on Wednesday said she regretted the Cyprus parliament’s decision a day earlier to reject the terms of a European bailout, but will await new proposals by the Cypriot government to the European Union, European Central Bank and International Monetary Fund, according to news reports. “I regret the vote of the parliament yesterday. But of course we respect it and will look now to see what proposals Cyprus makes to the troika”.Austria FinMin Fekter commented that it was up to Cyprus to propose the next step but it could not accept measures that increased the country’s debt; and he noted Austria it would have preferred bank debt haircuts over deposit levy.
-European Session Economic Data Releases
(DE) Germany Feb Producer Prices M/M: -0.1% v +0.2%e; Y/Y: 1.2% v 1.5%e
(DK) Denmark Mar Consumer Confidence Indicator: -2.1 v -2.0e
(EU) ECB: €12M borrowed in overnight loan facility vs. €34M prior; €133.6B parked in deposit facility vs. €135.0B prior
(NL) Netherlands Mar Consumer Confidence: -41 v -40e
(IC) Iceland Central Bank (Sedlabanki) leaves 7-Day Lending Rate unchanged at 6.00%; as expected
(EU) Euro Zone Jan Current Account nsa: -€4.5B v +€29.0B prior; Current Account Seasonally Adj: €14.8B v €16.0B prior
(UK) Bank of England Minutes : Voted 6 to 3 to maintain Asset Purchase Target at £375B
(UK) Bank of England Minutes : Voted 9 to 0 (unanimous) to leave interest rates unchanged at 0.50%
(UK) Feb Jobless Claims Change: -1.5K v -5.0Ke; Claimant Count Rate: 4.7% v 4.7%e
(UK) Jan Average Weekly Earnings 3M/Y: 1.3% v 1.5%e; Weekly Earnings ex-Bonus 3M/Y: 1.3% v 1.5%e
(UK) Jan ILO Unemployment Rate: 7.8% v 7.8%e; Employment Change 3M/3M: +131K v +140Ke
(CH)) Swiss Mar Credit Suisse ZEW Expectations Survey: 2.3 v 10.0 prior
(EU) ECB allotted $700M in 7-Day USD Liquidity Tender at 0.66% vs. $0M prior
(TW) Taiwan Feb Export Orders Y/Y: -14.5% v -3.0%e
(ZA) South Africa Feb CPI (all items) M/M: 1.0% v 0.8%e; Y/Y: 5.9% v 5.6%e
MA) Malaysia Feb CPI Y/Y: 1.5% v 1.5%e
-Pickup is in the USA trading morning..in general I will be long DIA/SPY at the USA opening to offset my shorts – FOMC day. It will take a ESM miracle for a DAX ramp.
-Archbishop Chrysostomos: We are willing to give Church’s property to Cyprus Government to save the economy
-Disconnected from reality
HSBC:”The risk of no bailout deal has risen but ultimately we think a bank deposit tax is unavoidable”
-Anadarko Petroleum Corp. -1.58% and four partner companies announced a major discovery in the deepwater Gulf of Mexico Tuesday that they heralded as one of the largest in the Gulf.The Shenandoah-2 appraisal well is a “potentially giant project,” said Bob Daniels, Anadarko’s senior vice president for deepwater and international exploration. The well encountered more than 1,000 feet of oil-containing rock, dwarfing other recent discoveries in the region.The well, drilled down 31,405 feet below the ocean floor, under 5,800 feet of water, is the latest indication of the promise held by the Lower Tertiary area of the Gulf. The remote region is thought of as a final frontier in the Gulf of Mexico, and has become more appealing as oil and gas companies have ventured farther out and into deeper waters. Discoveries such as the one announced Tuesday indicate that large investments companies are making there could pay off. MW
|Futures Index||Value||% Change||Open||High||Low||Time|
|DJIA INDEX FUTURE Jun13||14,378.00||-0.07%||14,367.00||14,384.00||14,350.00||02:02:29|
|S&P 500 FUTURE Jun13||1,540.80||-0.09%||1,539.20||1,541.50||1,536.90||02:07:43|
|NASDAQ 100 FUTURE Jun13||2,779.25||-0.01%||2,774.00||2,780.25||2,772.50||01:59:31|
|FTSE 100 IDX FUT Jun13||6,387.00||+0.17%||6,379.00||6,391.00||6,371.00||02:02:10|
- WSJ’s Hilsenrath: I think FED will be “waving the green flag to markets” at FOMC meeting tomorrow; FED won’t try to tamp things down, haven’t seen enough positive data yet – CNBC
Cyprus is keeping markets on edge. Late in US hours, a press report over ECB providing liquidity spurred the markets before the bulls realized the central bank has maintained a steadfast position regarding its support “within existing rules.” Early in Asian hours, a press report indicated Cyprus and ECB are working on a capital control plan as a contingency against bank runs ahead of the bank reopening. Without specifying new reopen date (previously expected Thurs), reports suggested banks may stay closed until as late as Tuesday the 26th, or for at least for the remainder of the week. Under the contingency plan, EU officials would also establish daily limits on transactions and border checks for cash over certain amount, while flying in euro notes from other countries to supply Cyprus ATMs. Eurogroup Chief Dijsselbloem said the Euro Zone’s €10B bailout offer from Cyprus remains but will not be increased; decision is up to Cyprus. Luxembourg Finance Minister Luc Frieden called for the 17 euro-area finance ministers to reconvene “as soon as possible” to cobble together a new package. The European Central Bank, whose Governing Council meets today in Frankfurt, will also have to decide whether to give Cyprus more time or consider cutting off liquidity to the country’s banks. PIMCO managing director Parikh reduced allocations to Euro investments over the past 24 hours and said the Cyprus deal is a reminder that “euro is far from being a perfect reserve currency.
The Nikkei 225 closed at 12,468.23 +247.60 ( +2.03%). The Y/D traded right above the 95 handle for the session.
Tokyo Electric Power Co. said Tuesday it has partially restored the cooling system for the spent fuel pools of the No. 1, 3 and 4 reactors at the crippled Fukushima Daiichi nuclear power plant, which has been suspended since Monday evening due to a suspected problem with a power switchboard.Japan’s NRA agency indicated that it will exempt Kansai Electric Power Co.’s Oi plant, in Fukui Prefecture, from new safety standards until September.This will let the No. 3 and No. 4 reactors there continue operating through summer. The new standards take effect in July, but the plant will not have to meet them until regular inspections come in autumn or later.The two reactors are the only ones operating in Japan at the moment. While the authority has insisted that any reactor not meeting the new safety standards cannot be restarted, the status of the still-running reactors was unclear until today.
Mitsubishi Heavy Industries Ltd. plans to construct a new factory for components of the Boeing 777 jetliner in Hiroshima by March 2014.
Chinese stocks are rallying higher on some glimpses of promises of stability in Cyprus from the EU.
China President Xi says China willing to help to promote dialogue between North and South Korea, finally ending China’s harping at the USA over the belligerent north and taking some responsibility for their creation and puppet.
China and Russia are expected to sign a series of agreements during President Xi Jinping’s visit to Russia, which will turn the solid China-Russia political ties into practical cooperation projects.Russian Ambassador to China Sergei Razov briefed reporters ahead of Xi’s visit — his first foreign trip as China’s president — to Russia on Friday.During the visit, Xi will sign a joint statement, setting the direction of the development of China-Russia ties, identify the main fields of cooperation and discuss the two countries’ stances on international affairs, Razov said.There are more than 20 detailed agreements to be reached during Xi’s visit, and officials and business representatives from both countries are currently in final negotiations, according to Razov.As for the outside attention paid to bilateral energy cooperation, Razov said government officials are engaged in close negotiations and four main documents are being discussed.The ambassador said both countries have made great progress on key negotiations.Top executives from Russian energy companies have recently visited China, and company heads from Chinese energy giants PetroChina and Sinopec are part of Xi’s high-ranking delegation.
Lou Jiwei faces tasks of boosting spending on livelihoods as government’s income growth slows Lou Jiwei’s appointment as China’s new finance minister was viewed by many as a sign that more rapid reform is on the way for the nation’s fiscal system, but the challenges he faces are much greater than those encountered by his predecessors.Prior to his five-year term as the head of China Investment Corp, the country’s $200-billion sovereign wealth fund, Lou was vice-minister of finance for nine years until 2007. He also participated in the design of the tax-sharing system between central and local governments in 1994.Lou was among the first members of the State Council’s economic reform research office established in 1986, when China took its first steps toward a market-oriented economy.His colleagues back then, whose studies helped shape China’s economic reform for the next two decades, included economist Wu Jinglian, central bank governor Zhou Xiaochuan and former top securities regulator Guo Shuqing. His role in designing reforms will help accelerate the country’s fiscal reform process. One of the major challenges Lou faces is the rising fiscal pressure resulting from surging expenditure amid declining fiscal revenue.This issue was highlighted by Premier Li Keqiang at his first news conference after the annual session of 12th National People’s Congress.The central government’s income grew just 1.6 percent year-on-year in the first two months of 2013, which was 10 percentage points lower than the same period in 2012. Li said the low growth rate was likely to last.
Goldman Sachs economist Li Cui said China inflation may continue to rise.
North Korea threatens USA with reprisal if B52s overfly the Peninsula again.South Korean police probe apparent cyber attack on broadcasters and banks.
LG and Samsung Electronics are said to have entered a patent dispute related to eye-tracking technology in their latest smartphone products Hyundai started operations at a plant that manufactures key components of green (hybrid, electric, hydrogen fuel cell) vehicles.
Australia government sees 2012/13 iron ore exports value -9% to A$57B, iron ore export volume +11%. Rio Tinto and Fortescue opened down sharply after Goldman Sachs downgrades that also cut iron ore price target by $5 to $139 ton, before paring some of those losses. FMG CEO: sees iron ore prices sustainable at $120-130/ton; China steel demand will not decline for decades. RIO and BHP were down in the 2 % range. RIO said the Australia govt remains committed to Gove pipeline; expects due diligence studies to be completed by December.
RBNZ Dep Gov. Spencer said Open Bank Resolution (OBR) differs from Cyprus situation; policy would facilitate rapid orderly resolution. OBR plan coming into effect at the end of June that would call for a partial loss on all deposits if a bank in New Zealand failed. Randstad Workmonitor stated New Zealand workers increasingly optimistic about the country’s economy.
Economic Release Summary
(NZ) NEW ZEALAND Q4 CURRENT ACCOUNT BALANCE (NZ$): -3.26B V -2.95BE (11th consecutive quarter of deficit); CURRENT ACCOUNT TO GDP RATIO YTD: -5.0% V -4.9%E
(NZ) NEW ZEALAND ONLINE JOBS VACANCIES M/M: -3.0% v +12.6% prior; SKILLED JOB VACANCIES M/M: -2.5% v +10.6% prior
(AU) AUSTRALIA FEB DEWR INTERNET SKILLED VACANCIES M/M: -1.5% V -1.7% PRIOR (11th straight decline)
(AU) AUSTRALIA JAN WESTPAC LEADING INDEX M/M: 0.3% V 0.3% PRIOR
|Country: Index||Last||Change||% Chg|
|DJ Asia-Pacific TSM||1374.66||-2.39||-0.17|
|Australia: All Ordinaries*||4982.60||-21.80||-0.44|
|China: DJ CBN China 600||21547.86||543.48||2.59|
|China: DJ Shanghai||294.61||7.22||2.51|
|China: Shanghai Composite||2299.02||41.59||1.84|
|China: Shenzhen Composite||941.39||16.86||1.82|
|China: Shanghai 50||1883.91||52.95||2.89|
|Hong Kong: Hang Seng||22192.51||150.65||0.68|
|India: BSE Sensex||19001.13||-6.97||-0.04|
|India: S&P CNX Nifty||5736.25||-9.70||-0.17|
|Indonesia: JSX Index||4809.46||-13.16||-0.27|
|Indonesia: JSX BISNIS 27||415.25||-0.90||-0.22|
|Indonesia: JSX Islamic||648.00||-2.01||-0.31|
|Indonesia: JSX LQ-45||819.17||-3.11||-0.38|
|Japan: DJ Japan TSM||653.11||0.00||0.00|
|Japan: Nikkei 225||12468.23||247.60||2.03|
|Japan: TOPIX Index||1045.89||17.55||1.71|
|Malaysia: DJ Malaysia TSM||3069.27||6.15||0.20|
|Malaysia: FTSE Bursa Malaysia KLCI||1629.48||4.02||0.25|
|New Zealand: NZX 50*||4349.43||4.39||0.10|
|S. Korea: KOSPI||1968.06||-10.50||-0.53|
|S. Korea: KOSPI 50||1691.94||-6.90||-0.41|
|S. Korea: KOSPI 100||1955.48||-10.94||-0.56|
|S. Korea: KOSPI 200 Composite||258.42||-1.37||-0.53|
|Singapore: FTSE Straits Times||3260.80||-8.33||-0.25|
|US Cotton No.2||91.24||+0.20||+0.21%|
|US Coffee C||132.93||-1.30||-0.97%|
GLD: SPDR Gold Trust ETF daily holdings rise by 2.7 tons to 1,222.2 tons (first rise since Feb 7th)
SLV: iShares Silver Trust ETF daily holdings rise to 10,583 tons from 10,733 tons prior (first fall since Mar 4th, lowest since 10,539 on Feb 20th)
(US) API PETROLEUM INVENTORIES CRUDE: -415K V +1ME (2nd week of draw); GASOLINE: +280K V -2ME; DISTILLATE: -1.31M V -1.5ME; UTILIZATION: 82.9% V 80.5% W/W
Eichhorn being forced to cover in JGBs? Smoking short squeeze. Smoking!
Japan 10yr 0.61+0.00, 0.43%
U.S. 10yr 1.91+0.00, 0.11%
-True Religion says Jeffrey Lubell to step down as CEO & chairman
Too much devil worshipping and drugs?
-Luxembourg Finance Minister Luc Frieden called for the 17 euro-area finance ministers to reconvene “as soon as possible” to cobble together a new package. The European Central Bank, whose Governing Council meets today in Frankfurt, will also have to decide whether to give Cyprus more time or consider cutting off liquidity to the country’s banks.Officials from the so-called troika of the ECB, the International Monetary Fund and the European Commission are in Cyprus discussing further capital controls and the possible extension of a bank holiday through to the end of the week, a European official familiar with the talks said on condition of anonymity because the discussions are confidential. BBN
-Freddie Mac is suing JPMorgan, Citigroup, and multiple other banks over alleged manipulation of the Libor rate: court filing
-J.C. Penney says CEO doesn’t plan to leave after lowest annual sales in two decades
Anglosaxon homosexual. Hired Ellen Degenerate and every other LGBT freak in the block, and “GASP” his sales fell apart. He may not plan on leaving but LGBT, or Anglosaxon or not, he is history. WASPs are people of enormous privilege in the USA.
-Hey, I’m a good friend of Putin’s..too
Boyhood friend of Vladimir Putin awarded $7.4 billion in contracts for 2014 Sochi Games
The Jews are hopping mad Kasparov did not get the dough!!
-Apple Inc. (AAPL) hired Adobe Systems Inc. (ADBE) Chief Technology Officer Kevin Lynch, adding a software executive who helped build some of the earliest Macintosh applications and later sparred publicly with the iPhone maker.Lynch, who has worked at Adobe since 2005, will become Apple’s vice president for technology, reporting to Senior Vice President Bob Mansfield, the Cupertino, California-based company said yesterday.During Lynch’s tenure, Apple and the software maker clashed over the use of Adobe’s Flash video program on Apple’s devices. Apple co-founder Steve Jobs said Flash was ill-suited for mobile computing and banned its use on the iPhone or iPad. Lynch said the move would cost Apple customers.The conflict has since abated as Adobe and other technology companies embrace the emerging Web standard HTML5 as an alternative for running video on handheld devices. Bloomberg
-North Korea warned of “strong military counter-action” if the U.S. again flies B-52 bombers over the Korean peninsula, with two flights this month after the totalitarian regime threatened preemptive nuclear strikes.
-Italian President Giorgio Napolitano starts consultations with political leaders on Wednesday to see if any of them has a chance of forming a government after last month’s election left no party with a majority in parliament.
-The Federal Reserve looks set to sustain its $85 billion monthly bond-buying stimulus despite improving U.S. economic data as a new flare-up in the euro zone crisis reminds officials of a risky global environment.As it wraps up a two-day meeting on Wednesday, the U.S. central bank’s policy-setting Federal Open Market Committee will continue debating the potential costs of quantitative easing, including the possibility its easy money policies will inflate asset market bubbles.But Fed Chairman Ben Bernanke has made clear he still firmly believes the benefits are palpable, and the risks worth taking. Reuters
-Celente Gets all his money back
JPMorgan Chase & Co (JPM.N) has reached a $546 million settlement with the trustee liquidating the failed broker-dealer unit of MF Global Holdings (MFGLQ.PK), a court filing showed, an amount that will help repay the brokerage’s customers.As part of a settlement reached with James Giddens, the trustee who is tasked with liquidating MF Global Inc, JPMorgan will pay $100 million that will be made available for distribution to former MF Global customers.JPMorgan will also return more than $29 million of the brokerage’s funds held by the bank, while releasing claims on $417 million that was previously returned to Giddens. Reuters
The Jews in NY had to pry it out of the hands of the English in London. Not an easy task given how tight fisted the English are when it comes to giving stolen loot back. A pirates got rights, just ask that old witch Elizabeth.
-”Wisest man on Wall Street” Larry Fink told me that “he doesn’t care about Cyprus” and US stocks will rally 20%-BBN-TV
Jewish bull manure
King James Version (KJV)
4 Then was Jesus led up of the Spirit into the wilderness to be tempted of the devil.
2 And when he had fasted forty days and forty nights, he was afterward an hungred.
3 And when the tempter came to him, he said, If thou be the Son of God, command that these stones be made bread.
4 But he answered and said, It is written, Man shall not live by bread alone, but by every word that proceedeth out of the mouth of God.
5 Then the devil taketh him up into the holy city, and setteth him on a pinnacle of the temple,
6 And saith unto him, If thou be the Son of God, cast thyself down: for it is written, He shall give his angels charge concerning thee: and in their hands they shall bear thee up, lest at any time thou dash thy foot against a stone.
7 Jesus said unto him, It is written again, Thou shalt not tempt the Lord thy God.
8 Again, the devil taketh him up into an exceeding high mountain, and sheweth him all the kingdoms of the world, and the glory of them;
9 And saith unto him, All these things will I give thee, if thou wilt fall down and worship me.
10 Then saith Jesus unto him, Get thee hence, Satan: for it is written, Thou shalt worship the Lord thy God, and him only shalt thou serve.
11 Then the devil leaveth him, and, behold, angels came and ministered unto him.
|03:00||EUR||German PPI (MoM)||0.2%||0.8%|
|03:00||EUR||German PPI (YoY)||1.5%||1.7%|
|04:00||ZAR||South African CPI (MoM)||0.80%||0.30%|
|05:30||GBP||Average Earnings Index +Bonus||1.5%||1.4%|
|05:30||GBP||Claimant Count Change||-5.0K||-12.5K|
|05:30||GBP||MPC Meeting Minutes|
|06:00||ZAR||South African Interest Rate Decision||5.00%||5.00%|
|06:30||EUR||German 10-Year Bund Auction||1.660%|
|07:00||USD||MBA Mortgage Applications (WoW)||-4.7%|
|10:30||USD||Crude Oil Inventories||2.017M||2.624M|
|11:30||BRL||Brazilian Foreign Exchange Flows||-0.37B|
|14:00||USD||Interest Rate Decision||0.25%||0.25%|
|14:30||USD||Fed Chairman Bernanke Speaks|
|21:45||CNY||Chinese HSBC Manufacturing PMI||51.20||50.40|
|22:00||NZD||Credit Card Spending (YoY)||0.4%|
-Chinese Eugenics Factory Collects “Genius” DNA To Breed “Enhanced” People
-Cameron Evokes Black Wednesday as Pound Weakens 7%: U.K. Credit
- Transocean CEO testifies Deepwater Horizon crew “should have done more” to prevent rig’s explosion
-Cahuzac : l’éloge de la classe politique http://bit.ly/10hSt00
-Why Obama’s Israel Trip Is One Big Mistake
-Nigel Farage Message To Europeans: “Get Your Money Out While You Can”
-Audi Headlights Seeing Around Corners Banned by U.S. Rule
-Housing has been booming! Construction jobs haven’t. Here’s why.
-IMF Chief Christine Lagarde’s Home Searched by French Police
-Europe Plays I-Didn’t-Do-It Blame Game on Cyprus Bank Tax
-ECB Said Likely to Delay Vote on Emergency Cyprus Bank Lending
-Spanish Banks Cut Developers as Zombies Dying: Mortgages
-S. Korean Banks Fall Victim to Biggest Cyber Attack in Two Years
-King Defeated in QE Vote as BOE Raises Pound Concerns: Economy
-Hollande Woes Deepen With Resignation Before Confidence Vote
-Cypriot banks on brink in Icelandic flashback
-Cyprus seeks Russian rescue, EU threatens cutoff
-Iceland’s lost billionaires unmourned as remaining riches draw ire, investigations
-200,000 U.S. homeowners regain positive equity as home prices rebound
-Horse-slaughter jobs go to states where cowboys used to roam http://bloom.bg/15YyHYN
-U.S. has “no evidence” that rebels battling regime in Syria used chemical weapons: White House http://bloom.bg/11gagHx
-U.S. water infrastructure given “D” by American Society of Civil Engineers
- Volkswagen recalls 384,181 vehicles in China for gearbox faults http://bloom.bg/Xov9d2
-N. Korea warns “strong military counter-action” if U.S. flies B-52 bombers over peninsula again http://bloom.bg/10g6KKw
-French budget minister, targeted in tax fraud inquiry, has resigned http://reut.rs/WBGE3x
-Italian president seeks way out of political stalemate http://reut.rs/ZIkM5D
- Fed to stick to stimulus as Cyprus rekindles global risks http://reut.rs/WCGOrc
-JPMorgan, MF Global Inc trustee reach $546 million settlement http://reut.rs/ZIPxHy
-Europe Weighs Cyprus’s Fate After Lawmakers Reject Deal