JPM Criminal Jamie Dimon Goes Delusional and Violent?
Christians should be praying Dimon/Blythe Masters are brought to justice along with Blankfein/Cohen at GS and Gulliver at HSBC and any other crooks out to destroy the USA and Europe. Jamie and Blythe in the docket then the gallows now!!
…” Karen Petrou, the managing partner of Federal Financial Analytics, pointed out another reason these practices are so unseemly. In effect, the banks are outsourcing their dirty work — and then washing their hands as the debt collectors harass and sue and make people miserable, often without proof that the debt is owed. Banks, she said, should not be allowed to “avert their gaze” so easily.
“In my church, we pray for forgiveness for the ‘evil done on our behalf,’ ” she wrote in an e-mail. “Banks should do more than pray. They should be held responsible.”,”….
Small Banks Shift Charter To Credit Unions
USA Investor Demand for Homes Remains Strong
Sarkozys Attack ‘Buy American’ Clauses
We should send him his bill for providing his defense and bailing his banks out with the TARP, and Ben’s recent credit lines to say nothing of the IMF. This guy is one satanic, evil, and miserable cretin!! I loathe this pig of Rothschilds, especially after his false flag.
FTSE 100 – 0.6pc , CAC – 1.6pc , DAX – .1pc.
American Youth and European -50 pc Unemployment
Today’s youth strikes me largely as live at home dependent on Mom and Dad. In Europe 30 years ago, the Europeans were so spoiled Americans ran everything ex in Germany and Austria. You did not see any kind of emphasis on achievement in Europe, largely as they have a very entrenched ‘tracking’ system. You’re either ‘chosen’ at young age for the right schools or not. Japan and the USA have supposedly merit based entrance exam but the SAT/MCAT/LSAT/GRE are rife with cheating and they keep lowering the standards. Largely we have way too many ‘trust’ fund Anglo-Zionist brats and satanists say like Chelsea Clinton the Goldman Sachs thug destroying the USA. Globalism has ‘failed’ as has free trade and it is time to call the Globalists what they are, financial terrorists and economic criminals. If you’re a globalist I can see the day when Nazi -hunter types emerge to track you down and bring you to trial. Ditto with you Water Melons, Masons and Zionists.
Caught up at last. The ZGR starts with a deficit each day of time as the PTB hack away. It is reminds of of the white water kayaking support of ‘attaining’, only in class five waters. The internet is certainly a big mess. You can see how the Chinese hackers can go ape and take so much down as the products that implement the Internet are so poorly designed. Lifetime employment for IT people, network engineers and security people. Their out to be a lot more software developed for self testing the internet and improving the reliability and security of it. I would normally start a company to address this but I’m too busy. Server security is still really bad. You need a highly mathematical background as well as deep understanding of networking and computer hardware, operating system and software to be able to contribute. This idea that we are going to go to Cloud is one of the biggest CIA/MI6/Mossad scams of all times. Only making systems hopefully complex and unreliable like MSFT and google seem to do could force this , imo. For sure Linux stability is a small sea of calm in the riotous waters of CISCO/Intel/Microsfot.
‘Massive Wealth Destruction’ Is About to Hit Investors: Faber
Runaway government debts have triggered uncontrolled money printing that in turn will lead to inflation that will decimate portfolios, according to the latest forecast from “Dr. Doom” Marc Faber.
Investors, particularly those in the “well-to-do” category, could lose about half their total wealth in the next few years as the consequences pile up from global government debt problems, Faber, the author of the Gloom Boom & Doom Report, said on CNBC.
Efforts to stem the debt problems have seen the Federal Reserve expand its balance sheet to nearly $3 trillion and other central banks implement aggressive liquidity programs as well, which Faber sees producing devastating inflation as well as other consequences.
“Somewhere down the line we will have a massive wealth destruction that usually happens either through very high inflation or through social unrest or through war or credit market collapse,” he said. “Maybe all of it will happen, but at different times.”
Noted for his pessimistic forecasts and gold advocacy, Faber nonetheless lately has been telling investors that stocks are a good choice as central bank policies pump up asset prices.
He reiterated both his commitment to stocks and gold, but said investors also can find value in other hard assets, particularly in distressed properties in the U.S. South…
“There’s no immediate shortage of supplies,” said Andrey Kryuchenkov, an analyst at VTB Capital in London, who predicts U.S. oil will struggle to rally beyond $107 a barrel. “Today there’s small-scale profit-taking after last night’s rally. The upside is also limited on demand concerns.”
JPM London Bankster Caught Red Handed Insider Trading
Reuters) – One of London’s most prominent bankers was fined 450,000 pounds ($720,000) for passing on inside information in a case that will embarrass his employer J.P. Morgan Cazenove and which marks a push by British regulators to target high-profile figures.
Top “rainmaker” Ian Hannam resigned on Tuesday, to fight the fine imposed by the Financial Services Authority (FSA) in relation to 2008 emails that contained information about one of his clients, Heritage Oil (HOIL.L).
The gruff former special forces soldier, who rose from humble beginnings, is the fifth person to be fined in relation to improper disclosure this year by the regulator, which has previously been accused of being ineffectual in its fight against financial crime. Of the five, Hannam is the most prominent.
Hannam resigned from his position as JPMorgan’s Global Chairman of Equity Capital Markets, after two decades at the firm, JPMorgan (JPM.N) informed staff in an internal memo, which became the talk of the London financial world.
Hannam, a veteran banker in his fifties with a focus on resources and mining and whose current deals include advising miner Xstrata (XTA.L) on its merger with Glencore (GLEN.L), said he had fully cooperated with the FSA and would appeal against the decision.
“I will complete my current client commitments and ensure a smooth handover of responsibilities,” Hannam said in an emailed statement. “Appealing the case while still at the firm would be an unfair distraction to my clients and colleagues.”
The case is a fresh blow for the reputation of investment banking, as Hannam joins the list of big names targeted by the regulator, which has been attempting to clamp down on abuse.
Hannam’s fine, detailed in a decision notice dated February 27 and the outcome of a lengthy investigation, is among the largest levied against an individual for market abuse, though it is dwarfed by the 3.6 million pounds hedge fund investor David Einhorn incurred in January over trading abuses…
FED Official Take Wait and See on QE
Reuters) – Federal Reserve policymakers on Monday signaled little appetite for further monetary steps to stimulate U.S. growth in an economy that is gradually strengthening.
“With my current outlook, I think our policy stance is still the one best suited to foster steady gains in output and employment and to maintain stable prices,” Cleveland Fed President Sandra Pianalto told a business group.
A voter on the Fed’s policy-setting panel this year, Pianalto is viewed as a moderate aligned with a core group of policymakers, led by Chairman Ben Bernanke, who favor an activist approach to speeding up a sluggish recovery.
Dallas Fed President Richard Fisher said the economic recovery is gaining momentum and the central bank should not act hastily. A frequent critic of aggressive stimulus, he said in a television interview the Fed should watch and wait for more conclusive evidence that the recovery will endure before deciding its next move.
While Fisher saw no signs of “dramatic” inflationary pressures building, St. Louis Fed President Jame Bullard pointed to tight overall global capacity, which he said could be putting some upward pressure on U.S. inflation.
Their comments overall suggest there may be a high threshold for further Fed easing and that policymakers probably want to see a marked deterioration in the recovery before they would support firing another round of monetary stimulus.`
The Fed cut rates to near zero in December 2008 and has bought $2.3 trillion in bonds to boost growth. Recent news that hiring has been stronger than expected has led many analysts to project the Fed will have to raise interest rates earlier than the late 2014 date it has indicated.
But Fed Chairman Ben Bernanke said last week the relatively modest pace of U.S. growth is unlikely to lower the 8.3 percent unemployment rate quickly, and that further stimulative action would remain an option.
The Fed is scheduled to release minutes on Tuesday from its March meeting, which may offer further insight on how actively the central bank is considering additional steps to boost growth. The Fed’s policymakers next meeting will be April 24-25.
FISHER – TOO EARLY TO TIGHTEN
Fisher, the Fed official known for backing a tighter monetary stance, cautioned that the Fed should not act too quickly to reverse its ultra-loose monetary policy stance.
“I think it’s a little bit premature to talk about tightening here,” Fisher, a non-voter this year, said on CNBC.
Bullard said global factors could be keeping U.S. inflation at higher levels than would normally correspond with the sluggish pace of U.S. recovery, pointing to his reluctance to support any further easing.
“The weighted average of the output gaps for advanced economies and emerging economies may be positive,” Bullard said in remarks presented last week in Beijing and released on Monday. “This may suggest upward, not downward pressure on U.S. inflation.”
That view is somewhat out of the Fed mainstream.
In its March policy statement, officials said that while gasoline prices may push inflation temporarily higher, inflation is likely to settle at or below the target level of 2 percent.
Bullard, also a non-voter, is seen as a centrist on the spectrum of Fed views, but has in recent months been persistently skeptical of the need for further monetary stimulus.
Dallas’ Fisher made clear he is opposed to more steps, unless the economy unexpectedly faltered. He said the timing of any rate increase will depend on how the economy develops.
“The question is … will we go from job creation to growth in final demand? I think we are proceeding along that path, but I think we have a ways to go,” Fisher said.
The best course for central bank policymakers is to be patient and monitor the strength of the recovery, Fisher suggested.
“I think we should sit, wait, watch and look. If the economy continues to improve, see how we will exit,” he said.
In contrast to the cautionary note by Bullard on the price outlook, Fisher said there was no sign of “dramatic inflationary pressures despite the gas pump” because higher gasoline prices have been partly offset by lower prices for other items.
But Bullard raised questions about using the U.S. output gap to argue that inflationary pressures are absent domestically. In a globalized economy, policymakers need to consider global output, where there appears to be more constraints on capacity, he said.
Where Housing Bubbled, Recovery Lags
USA Home Prices Seen Dropping 10 pc more on Foreclosures
APPL Mania-Analysts Pumping 1 Trillion Dollar Market-cap
-The law of large numbers says it won’t be so, despite the Feds infinite printing press!
Apple Inc. (AAPL), already the world’s most valuable company, rose to an intraday record after two analysts said the stock could surge to $1,000 for the first market capitalization topping $1 trillion.
Shares climbed 1.7 percent to $628.88 at 10:36 a.m. in New York, and earlier touched $631.29, after analysts from Piper Jaffray and Topeka Capital Markets said demand for Apple’s iPhone would propel shares.
Chrysler Aka Fiat, Sales Rose 34 pc in March
General Motors Co. (GM) and Ford Motor Co. (F) posted gains in U.S. vehicle sales that trailed analysts’ estimates while Chrysler Group LLC and Nissan Motor Co. reported better-than-projected increases.
M sales rose 12 percent to 231,052 while Ford deliveries advanced 5 percent to 222,884 cars and light trucks. The average of 10 estimates was for a 19 percent gain at GM and 5.5 percent at Ford. Chrysler, controlled by Fiat SpA (F), said its U.S. sales climbed 34 percent to 163,381 and Nissan’s sales rose 13 percent to 136,317, exceeding predictions.
Light-vehicle sales in March may have run at a 14.5 million seasonally adjusted annual rate, the average estimate of 16 analysts surveyed by Bloomberg. Job gains and buyers who put off car purchases during the recession are driving the fastest three-month auto-sales pace in four years, even as average U.S. unleaded gasoline prices rose 20 percent since the end of 2011.
“As unemployment comes down and consumer confidencegoes up, we see the consumer going out and buying that new vehicle that they put off buying for a number of years,” Joseph Spak, an analyst for RBC Capital Markets in New York, said in an interview yesterday on Bloomberg Television’s “Street Smart.”
The average estimate of 10 analysts surveyed by Bloomberg was for Chrysler’s sales to rise 31 percent. The average of seven estimates was for an 11 percent climb at Nissan.
The Fiat 500 achieved record monthly sales of 3,712, according to Chrysler’s statement. Ford said deliveries of the Focus compact rose 65 percent to 28,293…
USA Factory Orders Weak in Feb, Climb 1.3 pc
Orders to U.S. factories climbed in February for the third month in the last four, boosted by demand for business equipment.
Bookings rose 1.3 percent after a revised 1.1 percent decline in January, figures from the Commerce Department showed today in Washington. The median of 60 economists’ projections in a Bloomberg News survey called for a 1.5 percent advance. Orders excluding transportation equipment increased by the most in five months…
USA-Small Business Lending Declines
USA Stocks Decline After Factory Orders
U.S. stocks fell, a day after the Standard & Poor’s 500 Index rose to the highest level since 2008, as factory orders increased less than forecast and investors awaited minutes from the last Federal Reserve meeting.
Goldman Sachs Group Inc. (GS) and Morgan Stanley each retreated 1.4 percent, pacing losses among financial shares. Transocean Ltd. (RIG) and Newmont Mining Corp. (NEM) declined more than 1.6 percent, after commodity producers slid with oil prices. Netflix Inc. (NFLX), the online movie service, fell 1.8 percent as Barclays Plc downgraded the shares.
“We’re in a low-growth environment, hence low returns,” David Pearl, who oversees $21 billion in assets as co-chief investment officer at New York-based Epoch Investment Partners, said in a telephone interview. “The market is over-optimistic about corporate profit and GDP growth for the rest of the year. We’re in a recovery, but the market has pretty much discounted that.”
Factory bookings in February rose 1.3 percent after a revised 1.1 percent decline in January, figures from the Commerce Department showed today in Washington. The median of 60 economists’ projections in a Bloomberg News survey called for a 1.5 percent advance. Orders excluding transportation equipment increased by the most in five months.
The S&P 500 climbed to the highest level since May 2008 yesterday after a report showed stronger-than-forecast growth in U.S. manufacturing. The index rose 12 percent in the first quarter as economic data surpassed estimates and investors speculated that the euro area would contain its sovereign-debt crisis.
The Federal Open Market Committee will release minutes today of its March 13 meeting, when policy makers raised their assessment of the economy and repeated that “exceptionally low” interest rates may be needed through late 2014.
The KBW Bank Index retreated 0.7 percent. Goldman Sachs fell 1.4 percent to $123.17. Morgan Stanley (MS) dropped 1.4 percent to $19.54.
Commodity producers lost at least 0.5 percent among groups in the S&P 500. Newmont Mining slipped 2 percent to $51.06. Transocean fell 1.6 percent to $54.33 as oil dropped.
Netflix decreased 1.8 percent to $111.90 after Barclays cut its rating from overweight to equalweight, citing competitive threats. The rating means the stock is expected to perform in line with its sector over a 12-month period.
Apple Inc. (AAPL) advanced 1.7 percent to $629.07. The world’s most valuable company could surge to $1,000 by 2014, Gene Munster, an analyst at Piper Jaffray, said in a note to clients today. He raised his 12-month price target to $910 from $718. Brian White, an analyst at Topeka Capital Markets, yesterday set an estimate of $1,001.
Wall Street strategists cut their recommended holdings in U.S. equities to almost the lowest level since 1998, a sign that the six-month stock rally may have more room to go, according to Bank of America Corp.
Strategists advised investors to reduce equity allocations in six out of the past eight months, with money earmarked to stocks falling to 55.8 percent in March. The level was the lowest since January 1998, except for the seven months ended July 2009, and compared with a 15-year average of 60.7 percent, according to data compiled by Bloomberg and Bank of America.
Savita Subramanian, head of U.S. equity and quantitative strategy at Bank of America, said the decline in recommended stock holdings signaled rising pessimism that she considers as a contrarian indicator because investors who have sold shares now have more money to purchase stocks.
“We take some comfort in Wall Street’s lack of optimism,” Subramanian wrote in a note yesterday. “It has historically been a bullish signal when Wall Street was extremely bearish.”