by John Galt July 6, 2012 16:40 ET Somehow I just don’t think 2 hours will be enough time either but I’ll squeeze in as much news as I can during that time period. You have been warned so tune in at 8 p.m. ET by clicking on the link below: 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 July 6, 2012 08:50 ET The chart below is all you need to know about today’s report. Non-seasonally adjusted U-6 surged from 14.3% in May to 15.1% in June. Add that in with the total lack of job creation and the second wave of the “Great” recession appears to be right over the horizon.
by John Galt July 6, 2012 07:45 ET Think Europe is fixed? I’ll let these three charts from Bloomberg explain how this disaster is just now getting started. And it is about to get a whole lot worse. Can you say PAIN boys and girls? The 1 Year yield has bounced off its lows below the 0.00% mark and is now barely in positive yield territory: Meanwhile in the rain in Spain, there is a lot of 10…
by John Galt July 6, 2012 05:30 ET Just when the bullmorons on Wall Street thought the all clear could be sounded, this report from the Chinese business website, MorningWhistle.com warns of a disturbing piece of news that should shake liquidity dependent markets throughout the West, especially the U.S.: China’s overseas investment sees unexpected decline July 6, 11:37 am | By Jialin Tang Crazy Chinese overseas investment is cooling down. According to theWorld Investment Report 2012 released on Thursday…
by John Galt July 6, 2012 02:00 ET According to the anointed one, President Barrack Hussein Obama, the fact that a bunch of radical Islamists winning power in Arab nations who supported the downing of the PanAm flight and attacks on the World Trade Center in 1993 and 2001 is a good thing. Needless to say, reality dictates otherwise. Breaking hard from the UK Telegraph via Jamie Dettmer: Libya elections: Muslim Brotherhood set to lead government Yeah, this is going to…
by John Galt July 6, 2012 05:00 ET I’m not much of a Theologian, however this is the time to quote some scripture courtesy of the Bible Gateway website: Hebrews 9:11-18 King James Version (KJV) 11 But Christ being come an high priest of good things to come, by a greater and more perfect tabernacle, not made with hands, that is to say, not of this building; 12 Neither by the blood of goats and calves, but by his own…
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