by John Galt May 15, 2012 22:30 ET The usual suspects are at their propaganda inspired best with the monthly BLS report on consumer prices. The mainstream media has the usual headlines:May 15, 2012 22:30 ET US Consumer-Price Index Unchanged; Core Rate Climbs 0.2% US April consumer prices flat as gasoline drops US consumer prices flat as gas costs fall In other words, gas distorted reality as the reality is that the impacts on things the average American need or use every…
by John Galt May 18, 2012 19:05 ET Last night on my live podcast I covered this story then after a customary four hours of sleep the realization hit me today of the implications of this story form the Jerusalem Post: IDF building backup facilities for key sites The Eurozone is in the midst of a total economic collapse, the United States mired in the summer doldrums of a political campaign between Tweedle-D and Tweedle-bo-R-edom, and in the mean time, Iran and…
by John Galt May 15, 2012 18:45 ET Appetiser cost of Greek exit is €155bn for Germany, France: trillions for meat course My fellow internet wanderers, no, your eyes do not deceive you. The costs are almost incalculable because the world has never experienced anything like what we will witness occurring in Greece as their exit from the European Monetary Union seems almost certain now. In tonight’s article from the U.K. Telegraph, Ambrose Evans-Pritchard makes the following, terrifying statement: Needless to…
By John Galt May 15, 2012 – 17:55 ET Hide the chuldren. Hide the dogs. Hide the cats. Put the cows into the barn. And buckle up as Doomer Tuesday returns with a news vengeance tonight. Tune into DOOMER TUESDAY at 8 p.m. ET tonight to find out more… Just click on the banner below to find the various audio players to listen or to participate in the chat room with like minded Americans.
by John Galt May 15, 2012 16:25 ET Does the sock puppet from Pets.com bring back any flashbacks of reality? How about these old internet dynamos and how they are doing these days: The list of companies could fill pages but the reality is that a profitable model must be in place or demand for the product to justify expenses for investment, product purchase, or advertising expenditures. The highlights above of…
by John Galt May 15, 2012 15:55 ET The Greek crisis took another turn for the worse as the middle class began to realize that no deal would be struck to form a new government and the European Central Bank would never seriously consider any relief for the stricken nation. As the electoral politics spiraled out of control over the weekend, on Monday Greek citizens withdrew approximately $1,024,000,000 aka €800 million from the nation’s banks. This means that the middle class has finally…
by John Galt May 15, 2012 05:30 ET After several days of just horrid technical destruction and weak trading action, look for equities to start their Facebook dead cat bounce phase. Today, if it plays out as most bear market moves do, should see a rise in prices in the morning, fade after lunch, and then it is a coin toss if the markets finish flat or lower. If there is major selling into the morning rally then that is a very ominous sign.…
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