By John Galt September 29, 2009 As I was driving over to one of the other craters in the Florida real estate landscape, the East Coast, I was able to listen to the Glenn Beck show and reflect upon the news he was almost aghast to read and reveal as he chattered in his usual manner. The story that was emblazoned upon the front page of Drudge when I was awake some sixteen hours ago about the honor student being brutally murdered in Chicago by…
Monthly Archives: September 2009
Prepetorial #23: Silence is Golden
by John Galt September 22, 2009 “So honey, how did your radio show and day go today?” the lovely Mrs. Willis asked as she always does as the family sits down for dinner. To the surprise of her husband though, the deeply concerned look on her face gave away the motives behind the question. “Ah sweetheart, are you really that worried about all of the public reaction to what I have been saying? I mean heck, I’m down to 450 stations or so and we…
Watch for a Dollar Bounce and Gold Pullback this Week
By John Galt September 21, 2009 This one chart that I watched on Friday night told me the story and I think you will see a dollar bounce back up over the next 5-7 trading days: The gap will be filled on that chart as there is a high dollar bet on this bounce and the gap on the USD Index will also be filled: That should bring the index back up to the 78.00 to 78.25 level test the 50 day moving average as…
The CPI Report for August: Things you Use and Need
by John Galt September 16, 2009 As usual the CPI report was heralded for the headline numbers and how the “core” rate is what really mattered. Well, I’ve always been the contrarian so let us take a look at the things you use and need to survive instead of the core price so we can get some idea how the inflation is impacting real people and not the Core-A-Nistas whoever and whatever they are as I wouldn’t want to eat dinner at their homes. Each…
Long Beach Monthly TEU Report: No Christmas For You America
by John Galt September 16, 2009 The Port of Long Beach Monthly TEU report is out and as a follow up to my report on how the retailers and wholesalers are NOT preparing for a big Christmas season and this report indicates that those empty ships in Singapore may have company with the container fleets of Taiwan soon also. The monthly TEU report continues to indicate that retail sales in the coming months during the peak of the Christmas season are anticipated to be horrid…
Isolated Incidents or Is there A Tie that Binds? 2 Financiers, 2 Suicides in one Week
by John Galt September 15, 2009 Glenn Beck asked us all to be watchmen. Ok, I think I’ve been doing my part but our paths crossed when he asked us to look into ACORN. I looked at the financial side of things, but now I’m a wee bit spooked. Two financiers, two suicides, too unusual. Here are the stories: Rockefeller & Co CEO dies in apparent suicide BOSTON, Sept 15 (Reuters) – James McDonald, a prominent adviser to wealthy families as chief executive of investment…
Beware a week of Instability
by John Galt September 14, 2009 This week is one that I shall warn of briefly. We are entering into a week of massive instability on a geopolitical and economic basis. The Middle East is rumbling, the Russians are dropping hints they are about to re-engage again in a major way, and the region of Kashmir had another flare up this past week. Add in the regional banks finally getting the pressure they deserve since the realization that the earnings being declared are bogus, a…
The Glenn Beck – ACORN Story: The Big Point that Was Missed
by John Galt September 10, 2009 Glenn, God Bless ya Buddy! I mean that my friend via radio and television. You have done many great things and this current story first broken on the mainstream by your radio show and the fine folks at Breitbart via www.biggovernment.com ( Link to story here ) has exposed the fine people at ACORN to be just what they are: Poverty Pimps. It is a good thing they are “helping” with the census because I would hate for underage…
Obamarket Updates for 9/8 and uh, oh 9/9/9 the date of DESTINY!!!
by John Galt 9-9-9 First an apology brought to you by well, the head banana. Yes, that’s right, the head banana imbibed and paid the price for it yesterday on 4 1/2 hours sleep but it was worth it as the U finally looks like the dreaded Curse of Coker might finally be lifting and I was in too much of a daze to write the Obamarket update much less be creative beyond going “oh crap my head hurts” and smiling at the same time.…
September 2009 Flash Update: Czar Unemployment Rate
by John Galt September 7, 2009 On this Labor Day a flash news update from the Glenn Beck Department of Labor hit the news wires and this is what I could call good news. As we sit now the Czar Unemployment Rate (CUR) is sitting at 3.13%. Hopefully it will reach 100% soon.
Obamarket Update for the Week Ending September 4, 2009: A Laborious Week
by John Galt September 6, 2009 Every eye was focused on Friday for the unemployment report and what did we find out? That the revisions to the prior two months was worse than they thought and the rate worsened to 9.7% which tells everyone according to the Department of Propaganda (CNBC) that we are still enduring the less bad phase of the recession and for the millions of unemployed they should invest in stocks now because after their unemployment runs out they will need that…
You've Been Suckered
by John Galt September 4, 2009 A caller to Neal Boortz’s radio show made about the most intelligent point that I have ever heard on the various Obamanation subjects of his speech to the school children next week and the Obamacare debate. I believe his name was “John” (no relation, my apologies if I’m wrong) and he called in the 11 o’clock hour of this mornings program if memory serves me correctly. He said that the conservatives and protesting parents regarding the Obama speech to…
Obamarket Update for September 3, 2009: Get a Job
By John Galt September 3, 2009 Not much to say about today’s market action. Gold continues the march towards 4 figures but in reality today was a non-event. The S&P looks like it is getting ready for a major roll over and the dollar floundered. The entire focus is on Friday’s unemployment report and I will be curious to see if there are major revisions to the prior two months. I will have a lot more to say tomorrow night as tonight is the start…
Obamarket Update for September 2, 2009: The 1-3-6 Rule and Gold Begins to Move
by John Galt September 2, 2009 Ah yes, the banana party. Why are they celebrating? Simple. It would appear some degree of normalcy is returning to the markets despite the best efforts of the market manipulators. Gold surged on a day where risk premium returned. The flight to safety out of the dollar and into the Aussie and Yen continued. The 1-3-6 rule holds true. What is the 1-3-6 rule you ask? Here is my best take on it….. The 1-3-6 Rule Years ago a…
More Evidence the Recovery is Nothing more than a Fantasy
by John Galt September 2, 2009 This story from Reuters this morning is so key to the problem and tells the tale: US commercial property boom decades away – report If anyone in their right mind thinks it is getting better, read this quote from the story: U.S. commercial real estate sales in the first half of 2009 totaled $16 billion, down 80 percent from the same period a year earlier and off 93 percent from the market peak of $231.4 billion in the first…
Your "MUST" read of the evening
by John Galt September 1, 2009 Q2 2009 Bank Stress Test Results: The Zombie Dance Party Rocks On Folks, the group at Institutional Risk Analysis are so far ahead of the curve, I can only URGE everyone to read this story and notice the grades. I pretty much put everything with a ‘C’ grade or lower as toast in this current environment so get ready for a year ending in tumult.
Obamarket Update for September 1, 2009: Happy Ramadamnadingdong
By John Galt September 1, 2009 Tonight our beloved leader, this guy: Is taking the time to meet and celebrate Ramadan with Islamic-Americans at a private dinner. Good for him. That 0.6% of the population (per the Pew Research Center Report “Muslim Americans” from May of 2007) is one of the key reasons he was elected Il Duce of our Republic and a contributing factor to keeping oil prices low and stupid camel jockeys in the House of Saud buying our toilet paper humorously labeled…
DEATHBURGERS PENDING….Watch the Asian Markets Tonight 9/2
by John Galt September 1, 2009 Watch the Asian markets tonight. The Yen held it’s own all day long and there is an appearance that the ponzi scheme of how our banksters have been playing fast and loose with the earnings may unwind violently. Watch the Asian markets tonight and of course, enjoy your deathburger!
Obamarket Update#(Whatever) for August 31, 2009: The Bananas are Back
by John Galt August 31, 2009 Ah yes, the good old days are back again. The bananas took a much needed break this summer and went on a brief sabbatical not to gloat about their appeal, but instead to relax because God emailed them and told them to take some time off. After this message from Obama, they decided to split to greener pastures and relax in the tropics to enjoy some time off with their green brethren and look for a future where a…
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