By Cal Okie November 2, 2011 – 22:30 ET Lucky Sevens Ends the 17 Month FDIC DIF Cost Pattern The FDIC DIF cost for October 2011 totaled an estimated 776.7 million dollars. Rounded out to the nearest million dollars we get 777 million dollars (lucky sevens?). This total ends the well established 17 month DIF cost pattern. If the pattern would of held this month, we should have seen DIF cost between 1.1 – 1.3 billion dollars. So what’s next? We will just have to…
By John Galt November 2, 2011 – 22:00 ET The man with the classy mug versus the socialist with the liberal smug in tonight’s edition of Ambrose Evans-Pritchard column via the UK Telegraph. Click on this link below to see how AEP destroys the smug one in short order: Paul Krugman and Cameron’s realism
By John Galt November 2, 2011 Phone lines will be open. In 7 days the “test” will occur. But how real is the the threat? Let’s detail the DHS program of oppression tonight and just how far the ASC (American Stazi Corps) will go. To call into the program dial: (877)213-6404 or (812)307-4363. 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 November 3, 2011 – 13:00 ET Instead of making your teeth itch and your brain hurt, the bottom line is this: There will be no more Quantitative Easing in 2011. This leaves the American economy wide open to any liquidity shocks created by the Eurocircus which is now entering its most dangerous phase as the U.S. central bank and government fail to understand just what it means not only to subjugate a population against their will, but how to finish the process…
By John Galt November 2, 2011 – 12:35 ET Press Release Release Date: November 2, 2011 For immediate release Information received since the Federal Open Market Committee met in September indicates that economic growth strengthened somewhat in the third quarter, reflecting in part a reversal of the temporary factors that had weighed on growth earlier in the year. Nonetheless, recent indicators point to continuing weakness in overall labor market conditions, and the unemployment rate remains elevated. Household spending has increased at a somewhat faster pace…
By John Galt November 2, 2011 – 08:00 ET Charts from Bloomberg.com and no commentary beyond “the panic is accelerating” is necessary beyond what each nation’s yields are telling you: Greek 1 year soars over a 230% yield this morning: Italian 10 year yield stays stubbornly above 6% despite ECB intervention: Irish 10 year yields creep past 8% again as the idea that the Hellenic contagion will spread: Lastly, French CDS spreads are expanding again and heading towards 200 points which should be a red…
By John Galt November 2, 2011 – 07:45 ET (chart from INO.com) If gold is up, the the Bernank must be speaking today. At 12:30 ET the FOMC decision will be released and it would appear that they are about to change the ZIRP policy from panic mode to cruise control as they shift the responsibility for inflation and employment growth to the fiscal mess in D.C. and off their list of responsibilities for the immediate future. Add in the fact that they have a…
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