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POPSBlack Monday: Global Financial Crisis in Pictures Look: The Bailout did not stop this! The only things looking good are gold (soaring), government bonds (safer investments), the dollar (which has rebounded) and oil prices (which are now below 90 buck a barrel; hopefully $3 per gallon gas is coming soon; but we want 1.50 per gallon like when Bush and the war-spending neocons seized power, massively increasing government spending and national debt). World stock markets have plunged after government bank bail-outs in the US and Europe failed to stem fears of slower global economic growth. On Wall Street, the Dow Jones fell 370 points, ending below 10,000 for the first time since 2004. UK and French indexes also suffered big falls. For a definition of futures index in these charts go here.
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POPSOil Posts Biggest Gain as Traders Caught in End-Month Squeeze
Oil has risen 33 percent since Sept. 16 as lawmakers pledged fast consideration of the Treasury's plan to buy devalued mortgage-related securities. We are back to the cycle that pushed prices to records earlier this year.'' Gasoline for October delivery increased 10.41 cents, or 4 percent, to settle at $2.7038 a gallon in New York. Heating oil rose 14.52 cents, or 5 percent, to settle at $3.043, the biggest single-session gain since June 6. Regular gasoline, averaged nationwide, declined 1.8 cents to $3.739 a gallon, AAA, the nation's largest motorist organization, said today on its Web site. Pump prices reached a record $4.114 a gallon on July 17. Crude oil prices are ``too high'' because the global economic slowdown may spread and cut consumption, the International Energy Agency's deputy executive director said. ``Gold, silver, oil, copper, just about any hard asset, is looking good at this point,'' said Michael Fitzpatrick, VP at MF Global Ltd. in New York.
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POPSBaltic Dry index is up dragging shipping lines along Nippon Yusen KK (japan's largest shipping line) and Mitsui OSK (japan's largest operator of dry bulk ships) gained as demand for bulker has increased. Demand has increased because of US harvest of crops. pressure on the downside though as the global economy is weakening
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POPSWal-Mart Warns of Democratic Win they are feeling the pressure... For a humorous perspective Watch the video "Your New Job" at http://www.freechoiceact.org/page/s/yournewjob?source=bnf0908 And sign the petition!!!
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POPSThe Really Very Problematic "Pickens Plan" sources that T. Boone Pickens rails about in the context of oil. In its most recent annual outlook, the U.S. Department of Energy projects that the U.S. natural-gas market will become more integrated with natural-gas markets worldwide as the U.S. becomes more dependent on imported liquefied natural gas -- causing greater uncertainty in future U.S. natural-gas prices. The natural-gas supply problem will be additionally magnified if significant greenhouse-gas regulation is enacted. Here's how: Currently, when natural gas gets too expensive, electric utilities often substitute coal or cheaper fuels for power generation. Under a greenhouse-gas regulation scheme, however, inexpensive coal might no longer be an alternative because of the significantly greater greenhouse-gas emissions involved with its combustion. Utilities, and ultimately consumers, could easily find themselves at the mercy of natural-gas barons -- like T. Boone Pickens himself, a large investor in natural gas
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POPSWhy cheaper oil signals trouble Deflation will win over inflation. But the "good news" will go on until just after the USA election. Then reality will begin to intrude its ugly head, again.
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POPSFed Chairman: Economy Bad, Worst "in Memory" It is not just gas prices. Bernanke talks about how inflation has not yet had its full effect , comparing it to a storm that has not yet fully hit the mainland: "Although we have seen some improved functioning in some markets, the financial storm that reached gale force'' around this time last year "has not yet subsided, and its effects on the broader economy are becoming apparent in the form of softening economic activity and rising unemployment,' Bush and McCain do not acknowledge this, and Obama's policies would never fix it. The role that both Bush and Congress have played in RUINING the economy through government overspending (on unjust wars), devaluing the dollar (which is a key factor in inflation), and causing a rise in oil prices, are not discussed. The Fed is not innocent and causes inflation too by printing more money for government overspending from thin air! The Fed Chairman is using this to try to obtain new powers for th
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POPSNine Ways to Build Your Own Social Network "The idea of white labeling a network is to make the platform provider as invisible as possible to the social network’s users and to brand the network with the builder’s identity or intent. While definitions of “social networking” may vary, social networks are primarily defined by member profiles and some sort of user generated content."
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POPSSurge for the Dollar Despite Global Fears The dollar surged to a two-year high against the pound and a six-month peak against the euro on Friday, as fears about spreading economic gloom triggered a sell-off in commodities. Against sterling, the US currency notched up its 11th consecutive day of gains – its longest uninterrupted rise in more than 35 years – as markets became increasingly convinced that the US was best-placed to weather the global downturn. The Reuters-Jefferies CRB index, a benchmark for commodities, fell more than 2.5 per cent to its lowest level since late March. The index has fallen almost 20 per cent since an all-time high in July, but is still 22 per cent higher than a year ago.
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POPSUS Best Place to Put Your Money Seems our economy is better than the Euros or the Japanese... Don't look for the MSM to report that, though, it interferes with their narrative that only the O-mentum can cure our ills... maybe the world isn't so infatuated with Obama after all...
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POPScanadian dollar don't give up on us yet, we have fought back before and will again! go Canada go!
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POPSWal-Mart Fears Democratic Win That could lead to higher payroll and health costs for companies already being hurt by rising fuel and commodities costs and the tough economic climate. The Wal-Mart human-resources managers who run the meetings don’t specifically tell attendees how to vote in November’s election, but make it clear that voting for Democratic presidential hopeful Sen. Barack Obama would be tantamount to inviting unions in, according to Wal-Mart employees who attended gatherings in Maryland, Missouri and other states. Wal-Mart’s worries center on a piece of legislation known as the Employee Free Choice Act, which companies say would enable unions to quickly add millions of new members. “We believe EFCA is a bad bill and we have been on record as opposing it for some time,” Mr. Tovar said.
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POPSVirtual Water The project aims at rising awareness of the use of water in ordinary activities...
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POPSOperation Brimstone Operation Brimstone boasts two striking features: 1. It will include for the first time units of the US Expeditionary Combat Command, who are trained to operate in shallow coastal waters and rivers, such as the coastal waters of the Persian Gulf and the small islands around its chokepoint, the Strait of Hormuz. Iranian Revolutionary Guards marine units are posted on these islands. The international force will have to control the islands to ensure oil shipping freed passage out to world markets. 2. The Roosevelt’s decks will for the first time host French Rafale fighter jets which will share space with US warplanes, while the only French carrier Charles de Gaulle undergoes maintenance.
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