ZGR 5/15/2013


-USA TIC report major disaster, Lew in Panic, smashes gold, FT pumps Dollar and low USA deficit

-USA Govt says no wholesale  inflation as Gasoline prices surge to over $4.00 on summer mark up by Crown’s banksters

-Gold demand has India govt in panic, gold slammed by cartel on BOJ push of $

-Empire State Tanks despite $60 billion dollar hurricane sandy infusion.

-(EU) Euro Zone Q1 Advance GDP Q/Q: -0.2% v -0.1%e; Y/Y: -1.0% v -0.9%e

-France Q/Q GDP -.2 % in Q1, Germany Q1 Q/Q GDP .1 % V .3 %e

-Mr Yen, Y/D turn at 105


Market Commentary

-USA Summary

The USA had as  bad of A spurt of Economic data as I could remember this morning with a simply horrendous TIC report from the UST today that was actually much worse than even the headline numbers showed, and perhaps explained the feverish intervention in gold  as only the Japanese showed up as significant foreign buyers. Only some minor housing upticks kept it from being a complete washout  and rout this morning in USA econometrics. But don’t worry, Lew the Jew’s PPT and GS showed up to prop the markets up at least so far, and GOOG stock was anointed by the Bilderberg bankster crowd to $900. I piled on my shorts on the Jam job. I should have known the TIC was really bad as the FT lead with a bogus story on how the deficit in the USA is being pared down last night that I was too time limited to report on. It is all accounting fraud by Lew and Obama. Lew made an idiot out of a certain Gold commentator who said support held for gold and it rally was due. We have by my arithmetic about another 30 days of smashing before this reverse itself. Physical demand will limit the downside below 1400.

Even our Kin in Canada were whacked hard as the feckless and evil European leadership pulled the world into their morass and madness. . The BRICs as Russia showed us yesterday and Brazil showed us today are certainly not immune and are not functioning on their own to sustaining growth and they are all starting to repeg to the dollar to inflate away their messes, especially in Brazil, where $20 dollar large pizza is the ‘cheap deal’ with the discount coupon the full price of a pizza to go in Brazil is $35-$40. An evil Jewess runs Brazil, what can I say, but Jews love inflation as their banking system run on it as the Anglomasonic Homosexual Keynes outlined for world Jewry. The USA 52 nd state (after Canada) and FED right hand, the BOJ said it would  said it would inject Y2.8T in market operation on Friday to stop the JGB rout- three times the ordinary amount  in an attempt to cool things off and thwart the London/USA hedge funding piling on the shorts in JGBs. This morning German Finance Minister Schauble said, in a speech to a group of schoolchildren, that the BOJ is printing too much money, which is actually the right level to educate children at. Instead of teaching CA school children about printing too much money, the Jew Arnold Schwarzenegger, himself a bisexual swinger, teaches them that immorality /homosexuality are okay and that the FED/Govt are gods like he plays on the silver screen. Arnold is one bad, bad, evil to the bone Jew and literal c-ck sucker.

Solar names are on a rebound from yesterday and tear on SNPW’s quarterly. GOOG has been having its I/O developers conference and got a boost not only from their Android os taking over the cell phone world but some other enslaving technologies they are promoting.

In the market segment race we had the theme of this blow off rally, Bank stocks most up and Gold stocks most down ex the vol trading segment.

Poland a fairly large ‘real’ economy and German suburb had a pretty lousy data set release today but I ran out of time and energy to summarize it, and probably I’m the only person who cares about the polish economy anyways. The ZGR really gets censored in Europe. The boys at GOOG and MSFT work hard to make it so. The Russian CB held rates as expected this morning. So far not one Bing search has linked to the ZGR. Ha, ha. How is that possible. If the Human Demon Bill Gates says I don’t exist I don’t exist yet his NGO seems to know about this report..lol

This sort of summarizes the political theater going on today as Holder and Obama crucify their underlings to try and save their political asses. Two buck  Chuck of England may have reached too far this time for his brainwashed bootlickers in the USA.Eric Holder faces questions in a hearing at the House Judiciary Committee. He will be grilled on the IRS scandal, the subpoenas of Associated Press phone records, and other issues. Will he plead the fifth? Stay tuned to C-span. I think at least one black Jew will hit the unemployment line over  all these scandals, it is simply too much. Stalin youth Eric Holder must go. Demand this from your Congress beasts. Thanks.



Economic Releases

(US) May Empire Manufacturing: -1.43 v +4.00e
(US) Apr Producer Price Index M/M: -0.7% v -0.6%e; Y/Y: 0.6% v 0.8%e
(US) Apr PPI Ex Food & Energy M/M: 0.1% v 0.1%e; Y/Y: 1.7% v 1.7%e

(US) Mar Total Net TIC Flows: $2.1B v $61.9B prior; Net Long-term TIC Flows: -$13.5B v +$35.0Be

(US) Apr Industrial Production: -0.5% v -0.2%e; Capacity Utilization: 77.8% v 78.3%e; Manufacturing Production: -0.4% v +0.1%e
(US) May NAHB Housing Market Index: 44 v 43e
(US) Weekly DOE U.S. Crude Oil Inventories: CRUDE: -625K v 0e; GASOLINE: +2.6M v -1Me; DISTILLATE: +2.3M v +1Me; UTILIZATION: 88% V 87.5%e

(US) MBA Mortgage Applications w/e May 10th: -7.3% v +7.0% prior

(CA) Canada Mar Manufacturing Sales M/M: -0.3% v +0.5%e

(CA) Canada Apr Existing Home Sales M/M: 0.6% v 2.4% prior

(BR) Brazil Mar Retail Sales M/M: -0.1% v -0.5%e; Y/Y; 4.5% v 3.6%e; Broad Retail Sales Y/Y: 3.0% v 2.3%e

1:19 p.m. EDT 05/15/13Major Stock Indexes
Last Change % Chg
DJIA 15272.47 57.22 0.38
Nasdaq 3468.14 5.53 0.16
S&P 500 1658.48 8.14 0.49
DJ Total Stock Market 17301.56 84.28 0.49
Russell 2000 990.64 4.68 0.47
Global Dow 2234.47 10.19 0.46
Australia: S&P/ASX* 5191.70 -29.30 -0.56
India: BSE Sensex* 20212.96 490.67 2.49
Japan: Nikkei 225* 15096.03 337.61 2.29
Taiwan: TAIEX* 8318.59 66.77 0.81
France: CAC 40* 3982.23 16.17 0.41
Germany: DAX* 8362.42 23.31 0.28
Italy: FTSE MIB* 17492.97 177.72 1.03
Spain: IBEX 35* 8582.50 107.90 1.27
Stoxx Europe 600* 308.06 2.40 0.79
UK: FTSE 100* 6693.55 7.49 0.11
Brazil: Bovespa 55012.70 345.88 0.63
Canada: S&P/TSX 12498.88 -78.17 -0.62
Get this by E-mail * at close
1:18 p.m. EDT 05/15/13Treasurys
Price Chg Yield %
2-Year Note 0/32 0.249
10-Year Note 5/32 1.960
* at close
1:09 p.m. EDT 05/15/13Futures
Last Change Settle
Crude Oil 94.05 -0.16 94.21
Gold 1393.8 -30.7 1424.5
E-mini Dow 15253 78 15175
E-mini S&P 500 1657.50 9.50 1648.00
1:19 p.m. EDT 05/15/13Currencies
Last (mid) Prior Day †
Japanese Yen (USD/JPY) 102.47 102.41
Euro (EUR/USD) 1.2863 1.2921
† Late New York trading.

-EU close

A good day to add to the shorts in Germany. A lot of ESM and EU talking head action to prop their markets up. Typically the pols shut their mouths on bad data days in Europe, but today was an exception as their banking system is close to another melt down despite this large covert buy down in yields by the ESM/GS working hand in glove. The EG finance ministers were laughing and joking over the fraud they have pulled upon the stupid European peoples in rigging markets and covert qe by the ECB/ESM. Lots of strange futures buying pushed up European stocks.  At least when the USE faked data is bad USE markets go down, when the faked data is  bad in Europe the ESM/ECB prop them up. German steel makers are not bullish on a 2H2013 recovery like the ECB/IMF and Eurogroup Finance ‘chiefs’ as they like to call themselves.

European markets are far, far more rigged than USA markets, it is the way Europeans like their socialist , fascist united states of Rothschilds-Windsors. We got a reminder of the English plan to run Europe today from the ubercorrupt Matthew Lynn who writes for the WSJ/MW, least people doubt my veracity of the madness of the English. They riot for more Zionism and govt in Europe, in the USA we riot for less govt and less Zionism.

In the USA cries  are everywhere for more economic freedom, ending Obama-care, ending the wars, ending the market rigging, yet Europeans demand more socialism, and more govt jobs and more Americans to die in wars to keep their oil flowing and they love Obama’s drone killing in Germany. I don’t call Europeans Eurotrash for nothing and like ‘Seal’ , Obama would be the perfect queer poster boy for the brain dead Eurotrash. You love Obama so much in Germany, we will send him to you as your next LGBT Jewish chancellor to replace your current one. It is not like Merkel has any children to carry on her work. Ask yourself how some East German Jew, a committed Communist and head of Marxist Lenin education got to be Chancellor of Germany and why no Germans speak of this?

At least Austria and Hungary have anti-Zionist parties and Europe has Putin as a potential Godly Napoleon to lead it out of its Zionist and antiChristian madness , but other than that there are no bright flickers of European leadership. The European people in the super-majority are ardent antichrists ex Italy and Austria. When is the last time you Eurotrash actually prayed?

The Libertarian party at its founding was anti-Zionist and anti-British Imperialism in its modern form. Now it is has been taken over by the foul, foul Ayn Rand family..er Ron Paul family who are Anglo-masons and anglophiles. A very staunch Antizionist Jew Murray Rothbard, whom the Anglosaxon -CIA types forced out  as a Presidential candidate, who wrote the definitive histories of this British-Israel death cult out of London and was the only Jew I every saw to defend  Bobby Fischers truthful comments about World Jewry’s aspirations. So in reality it was the Anglosaxons in  CIA which killed the anti-Zionist party of the USA and coerced  it to the states’s will. We have had other anti-Zionist parties like the Peace and Freedom party killed by the Anglosaxons in the CIA. Anglosaxon tyranny is the least talked about oppression on the web, and maybe outside of the ZGR no one really talks about it. Anglosaxons that is people of English heritage are a small, small minority of the USA. We probably even have more Jews than Anglosaxons in the USA as I got a email a Rabbi sent me by mistake once saying their were 40 million Jews in North America.

Austrian and Hungary are looked at as ‘backwaters’ in European thought. It is chic to be an Anglophile and Zionist and supporter of Israel in Europe and support Israel’s many crimes.  Say the word Jew in Germany and the Germans will snitch on you to the secret police, say the word Jew in Austria, everyone goes ‘where? lock the children up’. Needless to say the Mossad/English crown had to resort to political assassination recently in Austria, and sent a host of Jewish lawyers in to fix the Austrian elections and put some Crypto Jews in key positions in the Austrian Federal police and Austrian govt. Austria is always forced to do the will of Germany by threats anyways, which is why some of the family left as we got tired of German-Zionists marching in and out of Austria, stealing our lands and shooting our people or forcing them into their armies and tired of the English always trying to steal the country in one way or another. Certainly the German-Swiss have been brought to heel by the traitorous French-Swiss and their intermarriages and business dealings with the Rothschilds and the drug laundry which has made Switzerland so, so dirty for the last 75 years.

Russia Finmin Siluanov commented that 2013 inflation to reach 6.0% and might be higher in H1. He saw no room for additional spending in 2013-15 due to economic risks.

France President Hollande spokesperson Belkacem commented that its GDP decline was not a surprise, country was doing better than the Eurozone as a whole. France Fin Min Moscovici reaffirmed 2013 GDP growth outlook and added that growth would restart in H2 and pledged to reverse jobless curve by year-end.

 BOE Gov King stated that growth was a little stronger; first time has been able to give brighter economic outlook since financial crisis but still saw significant margin of spare capacity. He reiterates that monetary policy cannot cure all and must be cautious of its limits. Meanwhile GS money printer Carney is in the wings. Bank of England (BOE) Quarterly Inflation Report slightly raised growth forecast and hinted it could meet the 2% inflation target a bit sooner than expected. Risks to recovery remained on the downside and the euro zone was still a risk. BOE forecasted Q2 GDP +0.5% q/q, y/y at 2.2% (prior view 2.0%). It saw inflation rate above 3% in June with CPI at 2.0% target in 2 years assuming market rates path. Specifically inflation rate to fall back to target from 1Q 2015, vs. prior view of 3Q 2015.(very faked inflation numbers in the UK).

Merkel denied she was a communist party apparatchik and hatchet woman in East Germany in response to recently published book that documented she was. Recall she tried to sell Germany’s gold cheap to Herr Boss and Relative Herr  Rothschilds.

“The misery continues,Almost all core countries bar Germany are in recession and so far nothing has helped in stopping this downward spiral. ” ING economist.

European Commission President Jose Manuel Barroso said  France needed to present a credible program of structural reforms as new data showed Europe’s second largest economy slipping into a shallow recession.Barroso, who was due later to meet President Francois Hollande in Brussels, said France must pursue reforms if the EU was to grant it two more years to bring its budget deficit down to 3 percent of economic output as promised.The extension would be approved “if France presents a credible reform program so that France can regain its competitiveness,” Barroso told Europe 1 radio.”The truth is that France has lost competitiveness over the past 20 years,” he added.Late yesterday the French parliament passed a landmark reform of the country’s labor code, part of Hollande’s efforts to convince European partners that he is committed to revamping the economy.Speculation of a cabinet reshuffle intensified on Tuesday after Foreign Minister Laurent Fabius, a former premier and finance minister, said France’s giant Finance Ministry needed a “boss” to better coordinate economic policy.The remarks targeted Finance Minister Pierre Moscovici, whose left-wing firebrand junior minister Arnaud Montebourg has criticized budget cuts and had a series of run-ins with potential foreign investors in France.Barroso  said there was a tendency in France to see new developments in the world as a threat rather than an opportunity and said that opposing globalization was “whistling in the wind”. Frances labor reforms were minor at best. The Germans induced them to allow firms to cut wages or hours during recessions; shortened the times for unions to make legal appeals about layoffs; and improved unemployment and retirement benefits if you take a lesser paying job. The Goodyear executive said it well when he pulled up stakes in France. No one can take the labor reform in France seriously who knows Hollande’s party and record. It is the absolute minimum to allow the EU to save Face and not have the French throw them out and end austerity.

 European Union finance ministers gave the green light to start talks with Switzerland and Liechtenstein about surrendering bank data, as Europe stepped up its fight against tax evasion.The move, described as ‘historic’ by Germany’s Finance Minister Wolfgang Schaeuble, redoubles pressure on Switzerland to open up account details and will likely pave the way for Austria to ditch its own bank secrecy for foreigners.By giving the European Commission the go-ahead to negotiate with Switzerland, Liechtenstein, San Marino, Andorra and Monaco, EU finance ministers hope to push for the same rules to be applied to these countries as within the European Union.The talks had long been opposed by EU members Luxembourg and Austria, which were seeking to defend their own bank secrecy, but on Tuesday their finance ministers dropped those objections.

The European Commission plans to send a formal warning to China that it is ready to levy trade duties againsttelecoms equipment makers Huawei Technologies Co Ltd and ZTE Corp over what it says are illegal subsidies, people close to the matter said to Reuters.EU trade chief Karel De Gucht is set to win support from the bloc’s executive today send the warning letter and show China’s new president, Xi Jinping, that Brussels is serious about countering what it says is state support.”We want to send a warning to the Chinese, a letter of intent that if they don’t change their practices, there will be duties,” said one person involved, adding that De Gucht had the full backing of European Commission President Jose Manuel Barroso.

Bibi was in Russia yesterday demanding no S-300 systems for Syria so the USA could be forced to impose a no fly zone on Syria as Israel and England lusts for its oil and water. While Putin implied no S-300 would be shipped, Netanyahus many crazy demands were met with Russian indifference and a pat on the back as he was told to go home. What a filthy pig and the 911 executioner for the English crown Bibi is. He fools no one in the USA. Even in Israel he wins only with rigged election and Rothschilds bribes to the Rabbis.

Russian President Vladimir Putin, right, listens to Israeli Prime Minister Benjamin Netanyahu during their meeting at the Bocharov Ruchei residence in the Black Sea resort of Sochi, Russia, Tuesday, May 14, 2013. Putin is hosting Netanyahu for talks focusing on the situation in Syria, amid concerns that Moscow could soon provide Damascus with advanced missiles. (AP Photo/ Maxim Shipenkov, Pool)


France: CAC 40 3979.34 13.28 0.33
Germany: DAX 8357.75 18.64 0.22
Italy: FTSE MIB 17472.99 157.74 0.91
Spain: IBEX 35 8577.30 102.70 1.21
Stoxx Europe 600 308.03 2.37 0.78
UK: FTSE 100 6699.09 13.03 0.1

-Gold was whacked by the Cartel on the BOJ lead dollar rally. Demand remains very strong in India and China as buyers scurry to ‘buy the dip’.  CB have this fantasy still that they can print up a trillion here and a trillion there and ask their friends in the bullion banks to naked short gold for them on the backs of leasing them a few tonnes. The hot money hedge fund crowd, of which most if not all gold advisers fit into are all to happy to hop on board the gold naked short train, which leaves the physical markets and the paper markets.

11:03 a.m. EDT 05/15/13Major Stock Indexes
Last Change % Chg
DJIA 15223.85 8.60 0.06
Nasdaq 3470.85 8.24 0.24
S&P 500 1652.58 2.24 0.14
DJ Total Stock Market 17243.32 26.04 0.15
Russell 2000 984.62 -1.34 -0.14
Global Dow 2231.77 7.49 0.34
Australia: S&P/ASX* 5191.70 -29.30 -0.56
India: BSE Sensex* 20212.96 490.67 2.49
Japan: Nikkei 225* 15096.03 337.61 2.29
Taiwan: TAIEX* 8318.59 66.77 0.81
France: CAC 40 3975.65 9.59 0.24
Germany: DAX 8340.26 1.15 0.01
Italy: FTSE MIB 17448.65 133.40 0.77
Spain: IBEX 35 8570.20 95.60 1.13
Stoxx Europe 600 307.64 1.98 0.65
UK: FTSE 100 6693.45 7.39 0.11
Brazil: Bovespa 54875.77 208.95 0.38
Canada: S&P/TSX 12469.45 -107.60 -0.86
Get this by E-mail * at close
11:02 a.m. EDT 05/15/13Treasurys
Price Chg Yield %
2-Year Note 1/32 0.245
10-Year Note 10/32 1.943
* at close
10:53 a.m. EDT 05/15/13Futures
Last Change Settle
Crude Oil 92.53 -1.68 94.21
Gold 1396.5 -28.1 1424.5
E-mini Dow 15177 2 15175
E-mini S&P 500 1647.00 -1.00 1648.00
11:03 a.m. EDT 05/15/13Currencies
Last (mid) Prior Day †
Japanese Yen (USD/JPY) 102.44 102.41
Euro (EUR/USD) 1.2867 1.2921
† Late New York trading.

-Europe Economic Releases

A disappointing day in Europe, nevertheless the ESM and talking heads rescued the markets from another quarter of recession. You can certainly say things got a bit worse in Europe in Q1. They love their socialism in Europe and the people ‘getting theirs’ from the state are not about to do a thing to help those not getting theirs. Europe and England in particular are picking the remains of the USE for govt contracts , FED banking lines and of course the drug laundry Switzerland and the UK have going. I look at a lot of product design, and you don’t see anything very original coming out of Europe anymore.

(EU) Euro Zone Q1 Advance GDP Q/Q: -0.2% v -0.1%e; Y/Y: -1.0% v -0.9%e

 (FR) France Q1 Preliminary Gross Domestic Product Q/Q: -0.2% v -0.1%e; Y/Y: -0.4% v -0.4%e

(FR) France Apr Consumer Price Index M/M: -0.1% v 0.0%e; Y/Y: 0.7% v 0.9%e; CPI Ex Tobacco Index: 125.50 v 125.70e

(FR) France Apr CPI EU Harmonized M/M: -0.1% v 0.0%e; Y/Y: 0.8% v 0.9%e

 (DE) Germany Q1 Preliminary GDP Q/Q: 0.1% v 0.3%e; Y/Y: -1.4% v +0.2%e; GDP WDA Y/Y: -0.2% v +0.2%e

(AT) Austria Q1 GDP Q/Q: 0.0% v -0.2% prior; Y/Y: -0.6% v +0.4% prior

 (IT) Italy Q1 Preliminary GDP Q/Q: -0.5% v -0.4%e; Y/Y: -2.3% v -2.2%e; (7th straight quarterly contraction)

(PT) Portugal Q1 Preliminary GDP Q/Q: -0.3% v -0.3%e; Y/Y: -3.9% v -3.9%e
(CY) Cyprus Q1 Preliminary GDP Q/Q: -1.3% v -1.2% prior; Y/Y: -4.3% v -3.5% prior
(GR) Greece Q1 Advance GDP Y/Y: -5.3% v -5.7% prior

(CH) Swiss May Credit Suisse ZEW Expectations Survey: 2.2 v 20 prior

(FI) Finland Mar Final Retail Sales Volume Y/Y: -1.7% v -0.9% prelim
(FI) Finland Mar Finland GDP Indicator WD: -0.4% v -2.8% prior

(FI) Finland Mar Current Account: -€500M v -€160M prior

(SE) Sweden Apr PES Unemployment Rate: 4.3% v 4.4%e

(SE) Sweden Q1 Industry Capacity: 84.6% v 84.6% prior

(HU) Hungary Mar Final Industrial Production M/M: 0.4% v 0.4% prelim; Y/Y: -0.7% v -0.7% prelim
(HU) Hungary Q1 Preliminary GDP Q/Q: 0.7% v 0.2%e; Y/Y: -0.9% v -1.4%e

(CZ) Czech Q1 Preliminary GDP Q/Q: -0.8% v -0.1%e; Y/Y: -1.9% v -1.3%e

(CZ) Czech Mar Current Account (CZK): -35.8B v +9.5B

(DK) Denmark Apr Wholesale Prices M/M: -0.2% v -0.6% prior; Y/Y: -0.8% v -0.4% prior

(RO) Romania Q1 Advance GDP Q/Q: 0.5% v 0.4%e; Y/Y: 2.1% v 1.0%e

(CH) Swiss Apr Producer & Import Prices M/M: +0.2% v -0.2%e; Y/Y: -0.1% v -0.3%e

(NL) Netherlands Apr Unemployment Rate: 8.2% v 8.1% prior
(NL) Netherlands Mar Trade Balance: €4.9B v €3.8B prior
(NL) Netherlands Q1 Preliminary GDP Q/Q: -0.1% v -0.1%e; Y/Y: -1.7% v -1.3%e

(NO) Norway Apr Trade Balance (NOK): 26.6B v 37.7B prior

(IC) Iceland Central Bank (Sedlabanki) leaves 7-day Lending Rate unchanged at 6.00%

(UK) Bank of England (BOE) Quarterly Inflation Report : Slightly raised growth forecast and hinted it could meet the 2% inflation target a bit sooner than expected

(UK) Apr Jobless Claims Change: -7.3K v -3.0Ke; Claimant Count Rate: 4.5% v 4.6%e
(UK) Mar Average Weekly Earnings 3M/Y: 0.4% v 0.7%e; Weekly Earnings ex-Bonus 3M/Y: 0.8% v 0.8%e
(UK) Mar ILO Unemployment Rate (3mths): 7.8% v 7.9% prior; Employment Change 3M/3M: -43K v -2K prior

(TR) Turkey Feb Unemployment Rate: 10.5% v 10.8%e

-1038 Europe Credit Markets

Bank of France official: wants to help banks securitize loans for use as ECB collateral via a simple special purpose vehicle.  Moody’s: Global economic recovery is losing momentum, particularly in the eurozone. Italy Debt Agency (Tesoro) to sell new 30-year bond via syndicate in the near future.

Key Bond Rates

U.S. 10yr 1.94-0.04,1.90%
German 10y 1.37-0.01, 0.70%
Italy 10yr 3.99+0.01,-0.24%
Spain 10yr 4.35+0.04,-0.90%
U.K. 10yr 1.91+0.01,- 0.56%


(EU) ECB allotted $0.0M in 7-Day USD Liquidity Tender at fixed 0.62% vs. $0.0M prior

(IT) Italy Debt Agency opened book to sell new Sept 2044 BTP bond; Order book seen at €7.7B with guidance revised to +13-15bps over Sept 2040 BTP

(RU) Russia sold RUB29.2B vs. RUB30B indicated in Jan 2023 OFZ bonds; Yield: 6.64% vs. guidance of 6.60-6.65%
(DE) Germany sold €4.229B in new 0.0% 2015 Schatz; Avg Yield: +0.02% v +0.02% prior; Bid-to-cover: 2.00x v 2.16x prior

(SE) Sweden sold SEK3.5B vs. SEK3.5B indicated in 4.5% 2015 bonds; Yield: 0.7663%

(PT) Portugal Debt Agency (IGCP) sold total € vs. €1.50-1.75B indicated range in 6 Month and 12- month Bills
Sold €0.5B in 6-month Bills; Avg Yield 0.811% v 2.169% prior; Bid-to-cover: 1.8x v 4.5x prior
Sold €1.5B in 12-month Bills; Avg Yield 1.232% v 1.394% prior; Bid-to-cover: 2.2x v 2.1x p


-Asia Close

We caught GS again, having the ‘inside’ line from the BOJ one week ahead of Mr. Yen releasing it to the Japanese public of the 105 Y/D turn. I happened to jump back in at little over 100 before the latest surge when I saw the GS tout. Gold will be shorted by the Japanese and Europe and USA bullion banks until we hit that ‘magic’ level of 105 Y/D. BOJ Gov Kuroda commented that Y currency weakness was expected to push prices higher by raising import costs but played down on concerns on cost-push inflation. Kuroda reiterated of having no comment on yen level and movement and stated that BOJ was trying to achieve inflation with positive economic cycle. The narrowing in the output gap and rising inflation expectations to contribute to achieving inflation.Japan PM Abe stated that would deal with risk of sharp long-term rate rises by making public finances sustainable. He stressed that must gain market trust to deal with risk of rising rates.

Proof most GLD ETFs are paper gold:  India PM Advisor commented that surge in gold imports was a concern and the recent surge in demand needed to be rolled back. He advised that it needed to provide alternative investment options to reduce gold demand.India 2013 Gold demand seen around 965 Tons vs. range of 855 tons-965 tons – (WGC).

China NDRC Vice Chairman Called for pushing forward on economic restructuring as domestic economy has downward pressure in another fail of Communist CP planning.

Late Economic Releases

(JP) Japan Apr Consumer Confidence: 44.5 v 45.5e
(SG) Singapore Mar Retail Sales M/M: -5.4% v -2.4%e; Y/Y: -7.4% v -2.5%e; Retail Sales Ex Auto 1.2% v Y/Y: 1.9%e

(PH) Philippines Mar Overseas Workers Remittances: $1.8B v $1.8Be; Y/Y: 3.0% v 6.9%e

Country: Index Last Change % Chg
Asia Dow 3097.21 27.27 0.89
DJ Asia-Pacific TSM 1461.03 9.97 0.69
Australia: All Ordinaries* 5173.30 -29.20 -0.56
Australia: S&P/ASX* 5191.70 -29.30 -0.56
China: DJ CBN China 600* 21102.43 142.84 0.68
China: DJ Shanghai* 287.05 1.63 0.57
China: Shanghai Composite* 2224.80 7.79 0.35
China: Shenzhen Composite* 975.65 14.83 1.54
China: Shanghai 50* 1789.43 3.86 0.22
Hong Kong: Hang Seng* 23044.24 113.96 0.50
India: BSE Sensex* 20212.96 490.67 2.49
India: S&P CNX Nifty* 6146.75 151.35 2.52
Indonesia: JSX Index* 5089.88 7.94 0.16
Indonesia: JSX BISNIS 27* 429.48 0.23 0.05
Indonesia: JSX Islamic* 681.71 -0.51 -0.07
Indonesia: JSX LQ-45* 856.89 0.02 0.00
Indonesia: PEFINDO-25* 517.57 2.00 0.39
Indonesia: SRI-KEHATI* 273.82 -0.21 -0.08
Japan: DJ Japan TSM* 779.04 13.12 1.71
Japan: Nikkei 225* 15096.03 337.61 2.29
Japan: TOPIX Index* 1252.85 22.05 1.79
Malaysia: DJ Malaysia TSM* 3387.24 2.47 0.07
Malaysia: FTSE Bursa Malaysia KLCI* 1783.03 -5.40 -0.30
New Zealand: NZX 50* 4646.32 0.47 0.01
S. Korea: KOSPI* 1971.26 2.43 0.12
S. Korea: KOSPI 50* 1672.59 1.16 0.07
S. Korea: KOSPI 100* 1942.51 1.94 0.10
S. Korea: KOSPI 200 Composite* 256.60 0.31 0.12
Singapore: FTSE Straits Times* 3441.53 8.77 0.26
Taiwan: TAIEX* 8318.59 66.77 0.81
Thailand: SET* 1630.09 6.61 0.41

-More Global Warming in UK today

Hard work: A cyclist pushes their bicycle up a hill in the Pennines in Cumbria amid snow blizzards

-German Steel makers say ECB/FED  is lying ,no 2h recovery

FRANKFURT–German industrial conglomerate ThyssenKrupp AG said Wednesday a new substantial write-down on the value of steel plants in Brazil and the U.S., which the company has been trying to sell since last May, resulted in a considerably wider loss for the second quarter of fiscal 2013.The company had impairment charges of 683 million euros ($886 million) on the book value of the Brazil and U.S. steel mills, resulting in a hefty EUR656 million net loss for the three months through March, according to a Dow Jones Newswires calculation. The company didn’t immediately provide the figure itself.Chief Executive Heinrich Hiesinger said talks over the disposal of Thyssen’s Steel Americas business are going according to plan, and the company seeks to seal a deal “promptly.”The two new steel mills in Brazil and the U.S. that have been up for sale for a year were the main reason for a disastrous fiscal 2012, when Thyssen recorded a deep net loss of EUR4.7 billion.People familiar with the matter recently said that Brazil’s Cia. Siderurgica Nacional (CSNA3.BR), or CSN, is front-runner in the disposal process, having offered over $3 billion for both plants.However, a joint venture of ArcelorMittal (MT) and Nippon Steel & Sumitomo Metal Corp. (5401.TO) has made a binding bid of about $2 billion for the Alabama plant and remains in the running, according to a person close with the matter.ThyssenKrupp didn’t further elaborate on the disposal process Wednesday.Excluding losses from Steel Americas, the company’s after-tax loss narrowed to EUR89 million in the second quarter from EUR164 million a year earlier. The loss was wider than the EUR41 million average forecast in a Dow Jones Newswires poll of 11 analysts.Adjusted earnings before interest and taxes fell more than 33% to EUR241 million, as revenue declined nearly 11% to EUR9.1 billion.Analysts had forecast adjusted EBIT of EUR200 million and revenue of EUR9.24 billion.Thyssen on Wednesday also warned that Europe will remain difficult turf for the industry In coming months as low steel prices in a “persistently difficult market environment” are taking their toll.Still, the company stuck to its expectation for adjusted earnings before interest and taxes, or EBIT, to come in at around EUR1 billion euros for the full year, down from the EUR1.3 billion last year.However, the company lowered its revenue guidance for fiscal 2013, saying that lost revenue related to asset disposals cannot be offset with growth in its non-steel business. ThyssenKrupp now expects revenue to fall below the EUR40.1 billion achieved in fiscal 2012.Other steelmakers –including German rival Salzgitter AG (SZG.XE), which lowered its profit outlook– last week warned it is increasingly unlikely that steel demand and prices will pick up in the second half of 2013.ArcelorMittal, the world’s biggest steelmaker, said oversupply will continue unless major steel-producing countries cut back production.

-The New Bilderbergs

Shares of Google Inc. GOOG +2.36% rose above $900 for the first time in its history, as the technology giant kicked off its Google I/O developer conference in San Francisco. Google was up more than 2% at $906.46, after reaching an intraday high of $907.40. The stock has gained more than 28% year-to-date. The Internet powerhouse is expected to provide updates on its key products, including the Android operating system and even its Google Glass wearable computer initiative. MW

-After declining for three months, a gauge of confidence among home builders rose in May, led by views on current sales and prospective buyers, according to the National Association of Home Builders/Wells Fargo housing-market index released Wednesday. The overall builder-confidence index rose to 44 in May from 41 in April. “Builders are noting an increased sense of urgency among potential buyers as a result of thinning inventories of homes for sale, continuing affordable mortgage rates and strengthening local economies,” said Rick Judson, a home builder and NAHB chairman. Economists polled by MarketWatch had expected the overall builder-sentiment index to rise to 44 in May from an original April estimate of 42. The sentiment level among builders is up 57% from a year ago. Despite May’s gain, the sentiment gauge remains below a key reading of 50, signaling that builders, generally, are somewhat pessimistic about sales trends. The last time the index reached above 50 was in 2006. MW

-Outsourcing more Defense work to the greedy Rothschilds-Windsor gang in EU as our Trade Deficit with the EU is not as large as the one with China yet. More free technology transfer to Europe. If you think the Europeans do anything better than the USA in computers and software, especially in defense computing, you’re basically nuts. Free technology for the evil English and their French lackeys and most of this then goes to Israel and is passed on to Communist China by our ‘best friends’ in Isra-hell. I wonder if Al Gore put this deal together or Tony Blair?

Europe’s leading missile manufacturer MBDA said Wednesday it is joining forces with Lockheed Martin Corp  of the U.S. to explore the market for integrating MBDA’s naval missile systems into Lockheed Martin’s launching systems and potentially extending their collaboration.


The two companies have signed a Memorandum of Understanding aimed at integrating MBDA’s air defense and anti-ship naval missile systems into Lockheed’s Mk 41 Vertical Launch System, planning for all necessary common developments and, more broadly, pursuing mutually beneficial opportunities.

The collaboration will start with MBDA’s Sea Ceptor system, using the CAMM missile. The two companies will demonstrate a launch of the missile using Lockheed Martin’s MK 41 Vertical Launch System later this year.

MBDA chief executive Antoine Bouvier said in a statement: “Working in concert, we will be able to offer greater choice to naval customers around the globe providing them with solutions optimized to their exact needs, which has always been MBDA’s priority.

 European Aeronautic Defence & Space Co and BAE Systems both own 37.5% shareholdings in MBDA. The remaining 25% is held by Italy’s Finmeccanica SpA

-English Crown’s Long Term Plan to dominate EU and rule it with colonial trash

England if you never driven it is one small, small Island of nasty, satanic people. Prince Charles wants more psychopaths and satanists from the colonies.  German women certainly are not doing their job. Recall the Winston Churchill gang wanted to sterilize the Germans after WW2 and they have done so with their media control and socialist govt in  Germany and zionist control of Germany.


-A bit of trouble thanks to my ‘friends’ in getting connected to Iceland today. I think what I wrote was too forthright for the ‘controllers’ in London yesterday. Pretty dismal economic news today even though they are faking most all of it to make things look better.  I was on the road yesterday and stopped in at a restaurant I last ate 11 months ago. Prices were up 10+% and portions were much smaller. But don’t worry, the govt says no inflation. Gas has done its memorial day jerk early to make the English Royals and European Royals and Rothschilds and Rockefeller clans rich early this year, still its a shock to see gasoline go from $3.50 a gallon to $4.25 near overnight in the typical squeeze job. Good thing I had some discount points from a high end grocery chain out here to knocked it back below 4.00 and I have a big, big tank.

- Deere & Co reported its second-quarter profit rose 3% to $1.08 billion, or $2.76 a share, from $1.06 billion, or $2.61 a share, a year earlier. Revenue rose to $10.91 billion, from $10.01 billion a year earlie. Analysts had expected earnings of $2.71 a share on revenue of $9.84 billion, according to FactSet. The company reaffirmed its full-year net income guidance of $3.3 billion given in February, but said lingering economic concerns will “temper” its forecast. The forecast for full-year equipment sales was cut to 5% from the 6% outlook it gave in February. Shares in Deere were down 1.9% in very light premarket trading.

Tractor prices are up around 5-7 %, but no inflation.

-$60 billion USA taxpayers sent NY/NJ already looted and spent?

The Empire State manufacturing survey fell into negative territory in May for the first time since January, the New York Fed said Wednesday. The general conditions index fell to a negative 1.4 in May from positive 3.1 in April. Economists polled by MarketWatch had forecast a positive 3 reading for May. The index is designed so that readings below zero indicate more respondents saw conditions getting worse than better. The new-orders index also fell into negative territory, falling to negative 1.2 from positive 2.2 in April, as did the average employee workweek, which fell to negative 1.1 from 5.7 in April. The Empire State is the first of a host of regional manufacturing sentiment gauges to be released

-U.S. wholesale prices fell by a seasonally adjusted 0.7% in April, the biggest drop in more than three years, largely because of sharply lower gasoline prices. Energy prices sank 2.5% last month, owing mostly to 6.0% decrease in gasoline, the Labor Department said Wednesday. Yet food costs also dropped 0.8% to mark the largest decline in almost two years, as the price of vegetables and meat fell. Excluding the volatile categories of food and energy, so-called core producer prices rose 0.1%. Economists surveyed by MarketWatch had predicted a 0.7% decline in the overall producer price index and a 0.2% rise in core PPI. In the past 12 months wholesale prices have risen an unadjusted 0.6%, which is the lowest level since last summer. The core rate has risen 1.7% in that span, unchanged from March. MW

Yeah that is why I paid  $4.25 a gallon for fuel yesterday.


9:32 a.m. EDT 05/15/13Major Indexes
Last Change % Chg
DJIA 15178.00 -37.25 -0.24
Nasdaq 3458.74 -3.87 -0.11
S&P 500 1647.47 -2.87 -0.17

-Markets preopening

9:27 a.m. EDT 05/15/13Major Stock Indexes
Last Change % Chg
DJIA* 15215.25 123.57 0.82
Nasdaq* 3462.61 23.82 0.69
S&P 500* 1650.34 16.57 1.01
DJ Total Stock Market* 17217.28 177.20 1.04
Russell 2000* 985.96 12.17 1.25
Global Dow 2228.77 4.49 0.20
Australia: S&P/ASX* 5191.70 -29.30 -0.56
India: BSE Sensex* 20212.96 490.67 2.49
Japan: Nikkei 225* 15096.03 337.61 2.29
Taiwan: TAIEX* 8318.59 66.77 0.81
France: CAC 40 3959.66 -6.40 -0.16
Germany: DAX 8320.09 -19.02 -0.23
Italy: FTSE MIB 17350.94 35.69 0.21
Spain: IBEX 35 8550.10 75.50 0.89
Stoxx Europe 600 306.79 1.13 0.37
UK: FTSE 100 6687.18 1.12 0.02
Brazil: Bovespa* 54666.82 219.05 0.40
Canada: S&P/TSX* 12577.05 47.50 0.38
Get this by E-mail * at close
9:27 a.m. EDT 05/15/13Treasurys
Price Chg Yield %
2-Year Note 1/32 0.233
10-Year Note 11/32 1.938
* at close
9:18 a.m. EDT 05/15/13Futures
Last Change Settle
Crude Oil 93.12 -1.09 94.21
Gold 1413.1 -11.4 1424.5
E-mini Dow 15151 -24 15175
E-mini S&P 500 1643.75 -4.25 1648.00
9:28 a.m. EDT 05/15/13Currencies
Last (mid) Prior Day †
Japanese Yen (USD/JPY) 102.23 102.41
Euro (EUR/USD) 1.2866 1.2921
† Late New York trading.

-EU Ministers agree to shift bank bailout bill to depositors

Yesterday’s news, but a great photo!!

-French Finance Minister Pierre Moscovici, center, talks with Swedish Finance Minister Anders Borg, left, and British Chancellor of the Exchequer George Osborne, during the EU finance ministers meeting, at the European Council building in Brussels, Tuesday, May 14, 2013. European Union finance ministers seek ways to cut down on tax evasion - action British Chancellor George Osborne said is particularly important in current circumstances. (AP Photo/Yves Logghe)


-Cruel Global Weather masters playing god

On Sunday, it was 32 degrees in Omaha, Nebraska. On Tuesday, it was 100 degrees.In an incredible meteorlogical shift, the state experienced both its record low and record high temperatures in less than 72 hours.

-Germany Q1 GDP rises 0.1% q/q vs .3 % expected in Q1.

Germany on Wednesday reported modest growth in first-quarter gross domestic product, with the Federal Statistics Office issuing a preliminary reading of 0.1% expansion on a seasonally-adjusted basis compared with the fourth quarter of 2012. The result was below economists’ average growth projection of 0.3%, according to FactSet.

- France fell into recession, with the government’s statistics agency on Wednesday reporting preliminary economic activity in the first quarter contracted by 0.2% compared with the fourth quarter of 2012. The contraction was the third decrease in the last four quarters, according to France’s Insee agency. Total output in goods and services during the first quarter almost stabilized, while household consumption was nearly flat, it said in a statement. Economists had expected the French economy to shrink 0.1% in the first quarter, according to FactSet


Japan’s Nikkei finished up 2.3% at 15,096.03, on a much weaker Y/D (102.3) and the MOF ‘verbal’ intervention yesterday stopped the carnage in the JGB market, at least for now.

China Premier Li doused a rally in the Chinese markets as he said  there is limited room for fiscal stimulus in the Chinese press and the Shanghai composite is flat.

The Korean markets shrugged off good economic data and were flat to down slightly on the surging Y/D.

Australia’s S&P/ASX benchmark index retreated into negative territory after initially exceeding the 5,240 level, its highest level since June 2008, as mining companies deepened their losses due to lower commodity prices and finished down -.54 %. Overall trader sentiment remained subdued following the release of the FY13/14 federal budget that pushed back the return to surplus to FY15/16. AUD extended its sell-off to fresh 11-month lows below the $0.99 handle after that release in  US hours before paring some of that decline in the Asian session.  The Australian government forecasts a record budget deficit of A$20B for the current year, defending its budget plans as a balanced approach that preserves Australia’s labor market.


Japan PM Abe said large JGB purchases by BOJ can have significant effect on market; Closely monitoring the bond market and its risks. Former Japan Fin Min official Sakakibara (‘Mr Yen’) said Y/D  likely to turn around from Y105 level on CNBC.

Japan may raise its economic assessment due to recovery in exports (YN)
According to a survey of economists, CPI for Q4 of FY14/15 will only reach about 0.6% vs BOJ’s projections of 1.9% (NN).


China Premier Li said  There is limited room for fiscal stimulus in the Chinee press.  China to start new wave of rail construction  China big four banks’ May new loans seen at CNY80B as of May 12tChina electricity council official: China H1 power use may rise 5.5-6.5% y/y – Chinese press

Morgan Stanley said China steel consumption continues to remain strong; iron ore price strength could continue well into next yea.r BAC  cuts China 2013 GDP forecast to 7.6% from 8.0% prior, cuts 2014 GDP to 7.6% from 7.7 prior. China’s corporate debt market set to challenge US:S&P says non-financials’ loans and bonds will hit $18tn by 2017.


Moody’s: Credit quality of Korean corporate firms to remain pressured.

New Zealand

IMF: RBNZ policy may need to change to cool inflation; rising housing prices are a concern


State-run Air India Ltd will resume flying its Boeing Co 787 Dreamlinerpassenger jets from Wednesday, Civil Aviation Minister Ajit Singh said. (ETI)


Economic Releases



(AU) AUSTRALIA Q1 WAGE COST INDEX Q/Q: 0.7% V 0.8%E (matches 6-quarter low); Y/Y: 3.2% V 3.3%E


Country: Index Last Change % Chg
Asia Dow 3097.99 28.05 0.91
DJ Asia-Pacific TSM 1461.01 9.95 0.69
Australia: All Ordinaries 5175.60 -26.90 -0.52
Australia: S&P/ASX 5194.30 -26.70 -0.51
China: DJ CBN China 600 20980.50 20.91 0.10
China: DJ Shanghai 285.46 0.04 0.01
China: Shanghai Composite 2217.60 0.59 0.03
China: Shenzhen Composite 969.50 8.69 0.90
China: Shanghai 50 1784.32 -1.25 -0.07
Hong Kong: Hang Seng 23105.85 175.57 0.77
India: BSE Sensex 20099.54 377.25 1.91
India: S&P CNX Nifty 6110.10 114.70 1.91
Indonesia: JSX Index 5087.99 6.05 0.12
Indonesia: JSX BISNIS 27 429.11 -0.13 -0.03
Indonesia: JSX Islamic 683.23 1.02 0.15
Indonesia: JSX LQ-45 857.16 0.29 0.03
Indonesia: PEFINDO-25 517.79 2.21 0.43
Indonesia: SRI-KEHATI 273.96 -0.07 -0.03
Japan: DJ Japan TSM* 778.93 13.01 1.70
Japan: Nikkei 225 15074.91 316.49 2.14
Japan: TOPIX Index 1252.85 22.05 1.79
Malaysia: DJ Malaysia TSM 3391.53 6.76 0.20
Malaysia: FTSE Bursa Malaysia KLCI 1788.42 -0.01 0.00
New Zealand: NZX 50* 4646.32 0.47 0.01
S. Korea: KOSPI 1969.06 0.23 0.01
S. Korea: KOSPI 50 1669.98 -1.45 -0.09
S. Korea: KOSPI 100 1939.87 -0.70 -0.04
S. Korea: KOSPI 200 Composite 256.25 -0.04 -0.02
Singapore: FTSE Straits Times 3441.61 8.85 0.26
Taiwan: TAIEX* 8318.59 66.77 0.81
Thailand: SET 1632.93 9.45 0.58

(US) API PETROLEUM INVENTORIES CRUDE: +1.1M V 0E (3rd consecutive build); GASOLINE: -480K V -1ME; DISTILLATE: +1.92M V +0.5ME; UTILIZATION: 87.6% V 87.2% W/W

Gold 1422.25 -2.25 -0.16%
Silver 23.210 -0.169 -0.72%
Copper 3.288 -0.003 -0.09%
Crude Oil 94.11 -0.10 -0.10%
Natural Gas 4.013 -0.008 -0.20%
US Cotton No.2 86.86 +0.04 +0.04%
US Coffee C 144.00 -1.95 -1.34%


EUR/USD 1.2907 -0.0014 -0.10%
GBP/USD 1.5225 +0.0014 +0.09%
USD/JPY 102.27 -0.14 -0.14%
USD/CHF 0.9666 -0.0005 -0.06%
AUD/USD 0.9888 -0.0001 -0.02%
USD/CAD 1.0190 +0.0009 +0.09%
EUR/GBP 0.8478 -0.0019 -0.22%

Japan 10yr 0.86+0.00, -0.13%

-USA Afterhours

J.P. Morgan shareholder support for a resolution that would recommend splitting the CEO and chairman jobs held by James Dimon is running slightly ahead of the 40% it received last year, said a person familiar with the situation. WSJ

Lockheed CEO Marillyn Hewson defended the defense contractor’s beleaguered F-35 program and expressed confidence that doubts about the advanced jet are waning.

The Justice Department has opened a criminal probe of the IRS’s treatment of tea-party groups, while a report blamed the agency’s managers for allowing the practices to continue for months.

A: Reports Q2 $0.77 v $0.67e, R$1.73B v $1.74Be; Increases Stock Repurchase Program 100% to $1.0B; +0.7% afterhours
GOOG: Said to be prepared to launch Spotify-like streaming music service; +0.3% afterhours; Pandora -3.0% afterhours
VIPS: Reports Q1 $0.17 v $0.04e, R$310.7M v $249Me; +10.8% afterhours

-USA Close Record High

5:46 p.m. EDT 05/14/13Major Indexes
Last Change % Chg
DJIA* 15215.25 123.57 0.82
Nasdaq* 3462.61 23.82 0.69
S&P 500* 1650.34 16.57 1.01
DJ Total Stock Market* 17217.28 177.20 1.04
Russell 2000* 985.96 12.17 1.25
Get this by E-mail * at close
6:11 p.m. EDT 05/14/13Markets Diary
Issues NYSE Nasdaq NYSE MKT
Advances 2,098 1,784 235
Declines 1,018 759 168
Unchanged 103 112 29
Issues at
New Highs 495 280 18
New Lows 14 14 10
Share Volume
Total 3,432,066,312 1,793,288,448 78,258,910
Advancing 2,579,685,241 1,232,701,603 42,492,216
Declining 788,296,818 506,694,056 33,873,610

-Geopolitical News

News www.antiwar.com
Updated May 15, 2013 – 12:40 AM EDT
Kerry: More Help to Rebels Unless Syria Negotiates
Is Israel Hastening the Fall of Assad?
Syrian Rebel Defends Eating Soldier’s Heart as ‘Legitimate’
Turkey PM to Push Obama for Action Against Syria
AP Snooping Part of Obama Demand for Secrecy
Obama Administration on Defensive in AP Snooping Case
Pakistan’s Age-Old Battle: Sharif vs. The Army
As Pakistan Count Nears End, Sharif’s Big Win Is Confirmed
US Denies April Air Strike Deaths in Afghanistan
US Steps Up Special Operations in Afghanistan
3 US Troops, 3 Georgian Troops Killed in Afghan Bombings
Nuclear Iran Can Be Contained, Deterred: Report
Iran Election to Be Another Face-Off for Old Allies
Russia Expels US Diplomat, Claiming CIA Ties
Int’l Criminal Court to Investigate Gaza Flotilla Killings
Is US Poised to Back Kurdish Independence From Iraq?
The Day After a Strike on Iran by Marwan Muasher
DoJ Pursuit of AP Phone Records Is Both Extreme and Dangerous by Glenn Greenwald
No Justification for Obama’s War on First Amendment  by Kevin Gosztola
No Intervention in Syria by Sheldon Richman
Against Connecting Terrorist ‘Dots’ by Robert Dreyfuss
Death Is Preferable to Life at Obama’s Gitmo  by Marjorie Cohn
More Viewpoin

-Welcome back. Busy night.

Matthew 5:7

King James Version (KJV)

Blessed are the merciful: for they shall obtain mercy

Economic Calender

Time Cur. Imp. Event Actual Forecast Previous
01:00   JPY     Household Confidence 44.5 45.8 44.8
01:00   SGD     Singaporean Retail Sales (YoY) -7.4% -3.5% -3.0%
01:30   EUR     French GDP (QoQ) -0.2% -0.1% -0.2%
02:00   EUR     German GDP (QoQ) 0.3% -0.6%
02:00   EUR     German GDP (YoY) 0.2% 0.1%
02:45   EUR     French CPI (MoM) 0.1% 0.8%
03:15   CHF     PPI (MoM) -0.1% 0.0%
04:00   EUR     Italian GDP (YoY) -2.2% -2.8%
04:00   EUR     Italian GDP (QoQ) -0.3% -0.9%
04:00   NOK     Norwegian Trade Balance 37.70B
04:30   GBP     Average Earnings Index +Bonus 0.7% 0.8%
04:30   GBP     Claimant Count Change -3.0K -7.0K
04:30   GBP     Unemployment Rate 7.9% 7.9%
05:00   EUR     GDP (QoQ) -0.1% -0.6%
05:00   CHF     ZEW Expectations 25.0 20.0
05:30   GBP     BoE Gov King Speaks
05:30   GBP     BoE Inflation Report
05:35   EUR     German 2-Year Schatz Auction 0.020%
07:00   ZAR     South African Retail Sales (YoY) 2.40% 3.80%
07:00   USD     MBA Mortgage Applications (WoW) 7.0%
08:00   BRL     Brazilian Retail Sales (YoY) 3.8% -0.2%
08:30   CAD     Manufacturing Sales (MoM) 1.00% 2.60%
08:30   USD     Core PPI (YoY) 1.7% 1.7%
08:30   USD     Core PPI (MoM) 0.1% 0.2%
08:30   USD     NY Empire State Manufacturing Index 4.0 3.1
08:30   USD     PPI (YoY) 0.8% 1.1%
08:30   USD     PPI (MoM) -0.6% -0.6%
09:00   USD     Overall Net Capital Flow 53.60B
09:00   USD     TIC Net Long-Term Transactions 43.4B -17.8B
09:00   USD     US Foreign Buying, T-bonds -0.10B
09:15   USD     Capacity Utilization Rate 78.3% 78.5%
09:15   USD     Industrial Production (MoM) -0.2% 0.4%
10:00   USD     NAHB Housing Market Index 43 42
10:30   USD     Crude Oil Inventories 0.330M 0.230M
10:30   USD     Gasoline Inventories -0.780M -0.910M
11:30   BRL     Brazilian Foreign Exchange Flows 0.74B
17:00   KRW     South Korean PPI (MoM) -0.40%
17:00   KRW     South Korean PPI (YoY) -2.40%
18:30   NZD     Business NZ PMI 53.4
19:00   KRW     South Korean Unemployment Rate 3.2% 3.2%
19:50   JPY     GDP (QoQ) 0.7% 0.0%
19:50   JPY     GDP Price Index (YoY) -1.0% -0.7%
22:00   CNY     Chinese FDI 1.44%
22:45   JPY     5-Year JGB Auction 0.269%



Nikkei Getting ‘Bubbly,’ Correction Coming: Mr Yen


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