Fox News Reports: Obama Starting to Wonder Why He Moved to U.S.

President Nostalgic for Land of Birth, Fox Says

WASHINGTON  – According to the Fox News Channel, President Barack Obama is so weary of the debt ceiling stalemate in Congress that he is beginning to wonder why he moved to the United States in the first place.

Fox News anchor Shepard Smith broke the story today, reporting that “sources close to the President say he’s increasingly nostalgic for the land of his birth.”

“To someone like President Obama, this wrangling in Congress must seem very foreign,” said Mr. Smith.  “In Kenya, debt ceilings are raised automatically by the village elders, who then celebrate with a ceremonial feast of cabbage, mangoes and goat.”

While Mr. Smith stopped short of saying that Mr. Obama planed to leave Washington and return to his native Kenya, “his birth certificate does allow him to return at any time he sees fit.”

“As he sees Congress push the United States ever closer to default, who can blame Mr. Obama for longing for simpler times, roaming free on the savanna?” Mr. Smith reported.

In other debt ceiling news, by unanimous vote the House of Representatives passed a bill raising Speaker of the House John Boehner’s medication.

As for the debt ceiling negotiations, they are “right on schedule,” according to the ancient Mayans.

(The Borowitz Report)

FCPO:- Listless But Bears Are Lurking -8/1/2011

 

The market is sinking into another sideway mode as prices go back inside the Bollinger Band. The Stochastic has turned negative but the MACD remains positive. So we have a contradicting pair of indicators. And a flat ADX and a squeezing Bollinger Band are confirming this trendless mode. 

If you have sold the market following price going below the upper band with a negative Stocahstic, then place stop at 3133.

But you should be cautious of the presence of a bullish divergence in the daily chart. I would wait for an agreement for both the indicators before deciding which direction of trade should I would take next.

 

The weekly chart resembles the daily chart as the Stochastic has turned positive but the MACD and DMI remain negative and continues falling. The ADX remains flat. All these confirm a lack of trend. I would need to see price goes above 3164 to feel bullish again.

Meanwhile most of the grain complex tumbled last week. So I am thinking whether they will bring down this market ?

FKLI:- Market Getting Panicky - 8/1/2011

 

After taking a breath 2 weeks ago, the market continues the selling again last week. Price went below the lower Bollinger Band again. Even the Stochastic did not follow suit and turn negative at first, but the MACD is still negative, so I took on new shorts positions. The MACD is now crossing down its zero signal line, which is considered as a more confirming bearish mode. Please take note that the ADX has begun to rise, indicating there is a new trend in this market. With the ADX coming into prominence, we should place more weight on the MACD rather than on the Stochastic.

Place stop at 1558.

 

The weekly chart continues to deteriorate towards the bearish side. The Stochastic is crossing down its 80's signal line and the MACD has also crossed down. The DMI is also bearish, so we have all the 3 indicators bearish. Price is just holding above the middle Bollinger Band which is effectively a 20 periods moving average. If this level is broken in the coming week, it would mean more selling coming out.

As I  have warned on several occasions before, we may be witnessing another bearish divergence forming in the daily and weekly chart. Now it has came to fruition. This is really bad news for the bulls in the equities market. If prices are to break below the lower Bollinger Band, we would probably see a bloodbath in the market. But as for the futures market, it is time to make some respectable profit.

Now that everybody  start to pay attention to the US debts ceiling crisis and they are getting increasing panicky. But rest assure that this whole fiasco is nothing more than a wayang kulit keenly played out by both the 2 political parties in preparation for the coming election next year. The hard fact remains that the US Treasury is not going to default in August, nor in subsequent months for that matter. An estimated $172.4 billion of tax revenue next month is more than enough to cover the $29 billion of August interest payments. For fiscal 2011, which ends Sept. 30, the Treasury is expected to take in revenue of $2.2 trillion, while only $214 billion is needed to service the debt.

And even if it lacks the authority for new borrowing, the US Treasury can continue to roll over existing debt. But financial markets always make use of smokes and mirrors to bring on major market reversals. So you must learn to NOT to be misinformed and not to be afraid.

KCPO:- Expected More Smallish Moves - 7/25/2011

Price finally made it above the upper Bollinger Band and above recent fractal high on last Wednesday, and both the MACD and Stochastic stay positive, but as the ADX continues to fall, so we still fail to get a strong upmove. Since the Stochastic still has not reached the overbought zone, we may expect some more up moves.

The weekly chart remains bearish biased as the MACD continues its fall and DMI is still negative. Though price went up to test the lower Bollinger Band resistance, but it failed to close above it. A simmer bullish spot would be the Stochastic has turned positive, but we would need to see it crossing above the 20's signal line in order to have a fighting chance for any emerging bull.

In the short term we may see a few more days of upside. But this market is like many of the other commodities markets. They seem to be waiting for some flesh leads from the US debts ceiling and PIIGs crisis before embarking for the next major move. So meanwhile maybe you should be sticking to day trading.

.

FKLI:-  Don't Be Fooled By Greece's "Solution" -7/25/2011

The market continued its fall last week but it may has reached a temporary bottom again. Price manged to closed above the lower Bllinger Band on last Friday. So I closed off my prior shorts trade. But I did not engage any new long since I did not get a confirmation from the indicators yet. The first confirmation would be the a positive Stochastic crossover.

The ADX has stayed flat for the past few days, indicating a sideway market again. Overall  the MACD, Stochastic and DMI are still negative. So I would stay more bearish biased for the time being and I will re-engage new shorts if prices go below the bottom Bollinger Band again.

The weekly chart's  has increasingly losing the script as the Stochastic has turned negative. When if it goes below the 80's will confirm a more bearish approach. The DMI has also turned negative. The MACD though remains positive but it  has  begun to turn around.  Meanwhile the ADX has once again begun to fall. It is now at 10's , so expect the market to be listless again.

Please take note the ADX has gone below 20's since March this year and has stayed there ever since. And with the presence of a bearish divergence, I think the next bear cycle would be an extremely explosive , nasty and a messy one. You should keep this picture in the back of your mind when you re-assess and organize your investment portfolio.

I think not many thinking people would really believe the PIIGs crisis was resolved last week. And with China's picture continues to deteriorate, I think the current global market is just like waiting for someone to scream "fire" inside a packed cinema before hell breaks loose.

“How did US get to this point?”

The New York Times has a just-updated graphic up showing exactly who is responsible for how much of this debt mess.

China Puts US For Sale 

on eBay !!!!!

 

China Puts US on eBay

‘Government Sold Separately,’ Sales Listing Says

BEIJING  – Showing its impatience with the debt ceiling stalemate in Washington, China today took the extraordinary step of putting the United States of America on eBay.

Officials at the online auction site said they believed it was the first time a major Western nation had been listed for sale there “if you don’t count Greece.”

In Beijing, the Chinese Finance Ministry said that it had considered waiting until August 2 to see if the US would ever pay back its multitrillion-dollar obligations, but ultimately decided to cut its losses.

“We think we’ll attract a buyer on eBay,” the Ministry said.  “Say what you will about the US, it’s still one of the top fifty countries in the world.”

The sales listing for the US contains some interesting information, such as China’s description of the former superpower as being in “fair to average condition.”

The listing also includes the stipulation “government sold separately,” which the Finance Ministry took great pains to explain.

“We thought that including the government in the sale might turn off potential buyers,” the Ministry said.  “Plus, the US government isn’t ours to sell anyway – it’s owned by the Koch brothers.”

With no bidders in the first 24 hours on eBay, China admitted that it would be challenging to unload the US, but it still held out hope that a buyer would step forward: “We’ve got our fingers crossed for Zuckerberg.”

At the White House, press secretary Jay Carney said that he understood China’s decision to sell the US, but warned that a buyer would have to turn up on eBay before August 2: “After that, the Internet gets shut off"

(The Borowitz Report)

Richard Koo Slams Republicans For Manufacturing A Crisis, And Pursuing The "Worst Possible Economic Policy"

This will not surprise anyone who is familiar with Richard Koo and his work on balance sheet recessions, and his exhortations to use government deficits to balance out a deleveraging economy, but just in case... the Nomura economist is pretty dismayed by what he's seeing in DC right now.

 

A chunk of his latest note:

----------------------
US debt ceiling problems are manufactured crisis

Headlines in the US continue to be dominated by the debt ceiling crisis. In reality, the crisis comprises two separate issues that have been grouped together for political reasons.

Congress can raise the debt ceiling any time it wants and has done so many times in the past.

This time, however, the Republicans have used the debt ceiling as a bargaining chip in an attempt to force the Obama administration to cut the deficit by scaling back government spending. A similar attempt was made in 1995.

In that sense, the political turmoil engulfing Washington in recent weeks is a manufactured crisis—there is really no problem in financing the budget deficit, but the Republicans control the House of Representatives and are effectively holding the debt ceiling hostage.

Would default be acceptable if it helped reduce deficit?

However, some Republicans are now saying that a sovereign default would be good for the US, if it forced the Democrats to make concessions on the issue of deficit reduction, and that has caused some concern.
In other words, they have convinced themselves that the markets would welcome a default, if it resulted in an even more meaningful cut in the deficit.

In the words of former National Economic Council Director Larry Summers, this is like allowing children to play with fireworks in a powder keg: it is extremely dangerous.

Spending cuts worst possible economic policy

Even more depressing is the fact that the spending cuts and other deficit-reduction efforts sought by the Republicans are the worst possible economic option for the US today. This is because government borrowing and spending is the only way to prop up the economy when the private sector is deleveraging at a time of zero interest rates.

中 國，請停下你飛奔的腳步，等一等你的人民，

等一等你的靈魂，
等一等你的道德，
等一等你的良知！

不要讓列車脫軌，不要讓橋梁坍塌，不要讓道路成爲陷阱，不要讓房屋成爲廢墟。慢點走，讓每一個生命都享有自由和尊 嚴，每一個個體，都不應該被這個時代拋棄。

香港《蘋果日報》頭版屌中共你老母

列車事故擺爛　港蘋頭版嗆「他媽的」

中國和諧號列車在溫州相撞造成39人死亡，但相關單位對意外的處理方式令人不解，甚至一度傳出欲掩埋車 廂湮滅證據，而短短一天半就恢復通車的草率，連日本政府都看不下去發出抗議。

香港《蘋果日報》今天在頭版以「他媽的」3個大字，表達對政府相關單位只顧通車、不要救人的沉痛抗議，質疑為何在宣布搜救結束後，還 會在列車殘骸找到生還女童？

相較於香港《蘋果日報》的激烈批判，眼尖的網友發現，北京喉舌《人民 日報》今天頭版出現「黨的恩情比天山高」幾個大字，一片歌功頌德。

有網友諷刺說，果然是天大地大沒有毛主席大；還有人說，比天高就好了，「天山」是哪招？也有人說，《蘋果》真勁爆，列車事故都被《人 民日報》「和諧」掉了。

中國溫州列車意外處理草率，香港蘋果日報（左）大罵「他媽的」，深得人心。翻攝畫面

Is China's Spectacular Real Estate Bubble About to Pop?

China Daily reports Property loans halted in 2nd and 3rd-tier cities

    Commercial banks are halting individual property loans in the face of tightening monetary policy and limited lending quota, the China Securities Journal reported Thursday.

    "We will not accept property loan applications at present, even if it is from a first-time home buyer," a bank staff in Chongqing told the paper.

    Meanwhile, some banks are mulling over whether to raise the ratio of down payment.

    "You'd better prepare to pay 40 percent of your home price as down payment, because commercial banks are going to ask more for a property loan," said Gong Hang, a bank staff in Taiyuan, Shanxi province. "It is only a matter of time," he said.

    Requirements for second-home loans have also become stricter in these cities. Home buyers may have to pay 50 to 60 percent of their home prices as down payments, with lending interest rates 10 to 15 percent higher than the benchmark rate, the paper said.

Jeremy Warner writing for The Telegraph says China's spectacular real estate bubble is about to go pop

    So you thought that UK housing was unaffordable. Try Beijing and Shanghai, where as can be seen from the graphic below, prices are off the scale relative to income, the commonly used yardstick for measuring affordability. OK, so these are the boom cities of the Chinese economic miracle, but even on a nationwide basis, affordability is no lower than in the UK.



    Residential and commercial property development have been such a big component of growth in recent years that anything that damages the property market risks upsetting the entire apple cart. Nobody can forecast with any certainty when the crash will come, but come it will. You cannot cram that much development into such a short space of time without there eventually being a correction.

    And when it comes, its knock on consequences are going to be extreme, possibly just as seismic as the rolling series of banking crises we’ve had here in the west. As noted in the IMF’s latest staff report on China, published this week, the property sector occupies a central position in the Chinese economy, directly making up some 12pc of GDP. It is also highly connected to the health of basic industries such as steel and cement, and to the success of downstream industries like domestic appliances and other consumer durables.

    More worrying still, direct lending to real estate (developers and household mortgages) makes up around 18pc of all bank credit (see second graphic below). Again, even by UK standards, this is extreme. And for local authorities, which account for 82pc of public spending in China, property related revenues are an important constituent of the overall revenues used as collateral to back borrowing to fund property and infrastructure development. There’s an element of ponzi scheme here.



    Any reading of economic history reveals that in the end this path to growth and development is as unsustainable as excessive consumption. The Chinese leadership recognises this deficiency and is taking active steps to liberalise and reform, so as to achieve a more sustainable form of growth. Yet as the IMF notes, progress is painfully slow, and for the time being China is stuck on the treadmill of the old model. Personally, I doubt the switch in horses is going to occur without mishap.

Bubbles Pop

Jeremy Warner makes a case there is a bubble in Chinese real estate. Moreover, and by definition, bubbles pops.

The question at hand is "when?"

Warner states "soon". However, it is difficult to predict exactly when bubbles pop. There was clearly a Nasdaq dot-com bubble in 1998. However, the bubble got more extreme, rising another 100% in 1999. The bubble did not pop until March of 2000.

Australia's property bubble has popped and it will play out in years of pain. Many are still in denial.

A US housing bubble was brewing for years. Even after it popped in summer of 2005, many did not recognize that fact for 18 months as the chain reaction mentality "it's different here" spread to every city that had not yet burst.

We cannot say "when" China's bubble will burst or if it will be city-by-city as happened in the US, or one big bang where everything implodes at once.

However, we can say with certainty China's property bubble will pop. We can also say the longer it goes before it bursts the bigger the mess when it does. As with the US, the property bubble will take China's massive credit bubble and banking system with it. Indeed, China property bubble is only a subset of a much larger credit bubble.

China's implosion looks to be massive. Few are prepared for the implications of a rapidly cooling Chinese economy.

 

 

The TRUTH About Who Really Owns All Of America's Debt

If you ever try comparing the debt situation in the US and Japan, someone will invariably say: Well, Japan can afford a lot more debt because it's all domestically owned, whereas US debt is owned by the Chinese.

It turns out this isn't really true, though unfortunately this destructive myth continues to dominate political/economic debates.

Yes, China holds a lot, but they're not dominant, and when you add it up, most debt is actually domestically held, just like in Japan.

Hong Kong

Total Holdings of US Treasuries: $121.9 billion

Percent of US Debt that they own: 0.9%

Caribbean Banking Centers

Total Holdings of US Treasuries: $148.3 billion

Percent of US Debt that they own: 1%

The Bahamas, Bermuda, Cayman Islands, Netherlands Antilles and Panama, and British Virgin Islands all function as offshore financial centers. Of course, they invest in Treasury Securities as well.


Taiwan
Total Holdings of US Treasuries: $153.4 billion

Percent of US Debt that they own: 1.1%


Brazil

Total Holdings of Treasuries: $211.4 billion

Percent of US Debt that they own: 1.5%

 


Oil Exporting Countries
Total holdings of Treasuries: $229.8 billion

Percent of US Debt that they own: 1.6%

Oil exporters include Ecuador, Venezuela, Indonesia, Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, the United Arab Emirates, Algeria, Gabon, Libya, and Nigeria.

Mutual Funds
Total Holdings of US Treasuries: $300.5 billion

Percent of US Debt that they own: 2%

 

Commercial Banks

Total Holdings of US Treasuries: $301.8 billion

Percent of US Debt that they own: 2.1%



State, Local, and Federal Retirement Funds

Total Holdings of US Treasuries: $320.9 billion

Percent of US Debt that they own: 2.2%



Money Market Mutual Funds
Total Holdings of US Treasuries: $337.7 billion

Percent of US Debt that they own: 2.4%



United Kingdom
Total Holdings of Treasuries: $346.5 billion

Percent of US Debt that they own: 2.4%


Private Pension Funds

Total Holdings of US Treasuries: $504.7 billion

Percent of US Debt that they own: 3.5%



State and Local Governments
Total Holdings of US Treasuries: $506.1 billion

Percent of US Debt that they own: 3.5%


Japan

Total Holdings of Treasuries: $912.4 billion

Percent of US Debt that they own: 6.4%

 

US Households

Total Holdings of US Treasuries: $959.4 billion

Percent of US Debt that they own: 6.6%

The 'Household Sector' does include hedge funds, by the way.


China

Total Holdings of Treasuries: $1.16 trillion

Percent of US Debt that they own: 8%

The Federal Reserve


The Treasury owes the Fed $1.63 trillion in Treasuries, much of which were bought for the Quantitative Easing programs.

That's 11.3% of US debt, much more than China.

Social Security Trust Fund
Total Holdings of US Treasuries: $2.67 trillion

Percent of US Debt that they own: 19%

The Old-Age and Survivors Insurance (OASI) and Disability Insurance (DI) Trust Funds invest exclusively in special issue bonds that are only available to the Social Security trust fund.  These are not publicly traded securities, but they still constitute a huge amount of debt.

In all, the Treasury owes foreigners and foreign governments $4.514 trillion dollars
But Americans own most of their own country's $14,342,909,569,328.74 of debt.  

朱镕基：他死三 次不够

“家破人亡够惨了” 赖昌星家人

Traitorous Hanoi Jane Finally Get Her Karma

ABC News(LOS ANGELES) -- Actress Jane Fonda's appearance on QVC on Saturday to promote her new book about aging was abruptly canceled, but the real reason why she was nixed remains unclear.

Fonda, however, has her own ideas.  She posted a message on her official website, accusing QVC of giving in to a boycott campaign by unnamed right-wing organizations.

Fonda wrote, "I am, to say the least, deeply disappointed that QVC caved to this kind of insane pressure by some well funded and organized political extremist groups.  And that they did it without talking to me first.  I have never shied away from talking about this as I have nothing to hide.  I could have pointed out that threats of boycotts are nothing new for me and have never prevented me from having best selling books and exercise DVDs, films, and a Broadway play.  Most people don’t buy into the far right lies."

In response, a QVC spokesperson told TMZ, "I can't speak to Ms. Fonda's comments, other than to confirm that a change in scheduling resulted in her not appearing yesterday."

Fonda has been criticized for many years about her opposition to the Vietnam war, most notably a 1972 visit to North Vietnam -- and a photo op that captured the actress sitting, smiling on a Viet Cong anti-aircraft gun -- that earned her the label "Hanoi Jane." On her site she further wrote, "Bottom Line, this has gone on far too long, this spreading of lies about me!  None of it is true.  NONE OF IT!

She added, "I love my country.  I have never done anything to hurt my country or the men and women who have fought and continue to fight for us." (which is mother-lode of BS)

 

Paul McCartney Goes To Detroit And Pay Tributes !

Thunder and lightning raked across the sky over Comerica Park Sunday night, but it was no match for the fireworks Paul McCartney mustered onstage, both figuratively and literally.

His well-honed showmanship and impeccable music filled hearts and minds in the sold-out ballpark even before fireworks exploded over the stage during "Live and Let Die."

And he was a gracious visitor. McCartney gave heartfelt thanks to Detroit and Motown early on.

"We had a little time off today and we went to the Motown museum," McCartney told the crowd, six songs into the set. "Holy grail! When I was listening to records as a kid in Liverpool, learning the songs 'You Really Got a Hold on Me' (by the Miracles) and 'Money' (by Barrett Strong), wow! So we'd like to do a song we don't normally do, for Detroit and for Motown, one of my favorites by Mr. Marvin Gaye."

And with that, he led his tight band into "Hitchhike," one of Gaye's early hits.

 "Thank you Detroit, and thank you Motown!" the former Beatle said after a rendition rhythmic enough to make a Funk Brother smile.

Rain showers cooled off the audience earlier, and a boom of thunder hit just before 8 p.m., prompting the crowd to cheer — what a way to go, right? Watching an original Beatles from a $200 seat as lightning arcs across downtown Detroit.

But the rain let up by the time McCartney took the stage. He's racked up 69 years but looks as trim as when he first played Olympia Stadium in Detroit in 1964, a brash 22-year-old.

(Yes, at this point he'd have to sing "When I Was 64").

He strode onto the stage at 8:30 sharp on black Beatle boots, clutching his Hofner "Beatle" bass guitar.

"You say yes, I say no you say stop but I say go go go" were the first words we heard as he kicked off with the Beatles' "Hello, Goodbye."

Dressed in a black collarless jacket with red piping down the front over a white button-up shirt, McCartney shucked his jacket early on to reveal thin suspenders.

At one point, the former Beatle stopped the show, to "take a minute to drink in these Detroit vibrations," he said, nodding and smiling as the crowd cheered, wetting his finger and then waggling it in the universal sign for "hot"!

Let there be no mistake, McCartney can still sing. His voice has deepened over the years from the sparkling, high Irish tenor of the '60s, but there is a burnished suppleness to it that serves him well over what would be a long show for a 30-year-old. And in a pinch he can evince a fab winsomeness with a well-chosen high note.

There is no substitute, not even the Beatles' "Love" show, for singing the "Nah nah nah" chorus along with the real thing. For three hours, we were all fab again.

Amy Winehouse's meteoric rise to fame - and very public decline

By Nick Eardley

AMY Winehouse first came to public attention in 2003 with her debut album Frank, launching the career of one of her generation's most talented musicians with a Motown-era voice that boasted widespread appeal.

Born to a jazz-loving father Mitch and having attended theatre school - from which she was expelled - Winehouse had talent in abundance. Frank won her a Mercury Music Prize nomination at the age of 19; Stronger Than Me won an Ivor Novello award; the
album went triple platinum.

The follow-up record, Back to Black, won the London singer tbest British female at the Brit Awards in 2007 and artist of the year at the MTV Europe Music Awards. The album was the biggest selling in the UK in 2007, selling more than one million copies. It entered the charts at No. 7 in America - the highest ever position held by a British female artist.

But her private life had come to dominate public attention; a very public decline would see videos of alleged drug taking, public spats and shambolic performances dominate the rest of her career.

Winehouse married Blake Fielder-Civil the year after her second album hit the shelves and her life went into freefall. Winehouse's mother, Janis, claimed it was he who introduced the singer to hard drugs - others have said she hated cocaine and only dabbled in cannabis before they met.

In 2007, she cancelled her T in the Park appearance at short notice on doctor's orders and was seen apparently lashing out at a fan during her headline performance at Glastonbury. There were gigs where she slurred or completely forgot her lyrics and in August of that year, Winehouse was admitted to hospital after overdosing on a cocktail of drugs including cocaine, ecstasy and ketamine. She checked into rehab, but stayed only a few days. That year her father is said to have written her obituary, seemingly aware that she may not have long to live. Winehouse and her husband were seen arguing on the streets of Soho covered in blood. They were compared to Sid Vicious - the Sex Pistols bassist who died from an overdose - and his girlfriend Nancy Spungen on numerous occasions.

There had been hope that Winehouse had turned things around. She divorced Fielder-Civil in 2009 and friends thought she had conquered her drug addiction. She was said to be writing a new album and had recorded a duet with Tony Bennet for his album to be released in September. It will mark her first notable release since recording The Zutons song Valerie in 2007.

During what proved to be her last performance in Serbia earlier this year, Winehouse was seen struggling to sing, an image that defined her career .

Tragically, one of the most talented artists of the past decade will be remembered as much for her eventual breakdown as her meteoric rise.


See :-  http://en.wikipedia.org/wiki/27_Club and


http://www.eonline.com/uberblog/b254063_girl_had_soul_five_greatest_amy.html?cmpid=rss-000000-rssfeed-365-topstories&utm_source=eonline&utm_medium=rssfeeds&utm_campaign=rss_topstories

 

Military  Humor ~~~~~~~~~~ ~~~~~~~~~~ ~~~~~~~~~~ ~~~~~~~~~~ ~~~~~~~~~~ ~~~~~~~~~~ ~~~~~~~~~~ ~~~~~~~~~~ ~~~~~~~~~~ ~~~~~~~~~~ ~~~~~~~~~~ ~~~~~~~~~~ ~~~~~~~~~~ ~~~~~~~~~~ ~~~~~~~~~~  ~~~~~~~~~~ ~~~~~~~~~~ ~~~~~~~~~~  ~~~~~~~~~~

How Wendi Deng Leaped To Defend Hubby !

Rupert Murdoch has been 'attacked' by a man wielding what was thought to be a shaving foam pie, at a hearing by MPs.

His son James appeared shocked as the man carried out the attack.

Mrs Murdoch, wearing a pink jacket, leaped to her husband's defence hitting out at the assailant, before the hearing was suspended.

What CEO Wives Can Learn From Wendi Deng: This Is How You Defend Your Man

As you may have heard, a man attempted to hit Rupert Murdoch in the face with a pie during his hearing before Parliament this morning. It’s unclear what sort of cream the pastry contained (custard, whipped, shaving, man, cow), but apparently some of it “spattered Murdoch,” and the proceedings were adjourned for 10 minutes. The pie-thrower was immediately taken into custody, which probably came as relief as it meant that Rupert’s wife Wendi couldn’t finish him off.


Ladies, whether your husband is due to testify before Congress anytime soon, going out for an afternoon stroll has become dangerous sans bodyguard, his net worth makes him a target for hungry kidnappers, or he’s being stalked by a writer known to hit people in the face with pies containing cow semen, Laura, Judy, Swati, Kinga, Lisa and Alex should all take careful notes on the above. Watch how Wendi (in pink) doesn’t even hesitate. She sees the guy coming after her man and she’s out of her chair, ready to deck him. Observe how she gets in one undoubtedly punishing bitch slap and clearly would’ve tackled the aggressor to the ground if someone hadn’t gotten in her way. It actually doesn’t even look like it was technically necessary for her to get involved, as a guard appears to be stopping the perp, but her immediate instinct was to go street.

Like Wendi, you should all be prepared to send the message that there’s only one way the story ends for anyone so much as entertaining the thought of messing with your people: with them being sent home in a body bag.

KCPO:- Are Speculators Betting On A Bernanke's QE3 ?- 7/18/2011

 

I placed my stop at 3045 last week as it was the lower Bollinger Band minus 3 points. As the week progressed, the stop hit on last Tuesday's retracement. So this is one of those "unfortunate" incident that we get to meet in trading business. Since all the indicators remained positive and price still closed above the lower band, I re-enter long position when Wednesday's price action tokk out Tuesday's high.  This time I set stop at the middle band support of 3094-3= 3091.

The Stochastic continues to climb and so is the MACD. If we can see price breaking above the upper Bollinger Band, it would be a more solid signal to buy. As the DMI is still negative and the ADX falling, the current stage of the market can only be considered as a counter trend move. But as prices have already break up above their previous fractal high, I think we may eventually see a stronger up move soon.

 

The weekly chart remains bearish as the MACD continues its slide. Price is still below the lower band and the DMI remains negative. Though the Stochastic may be trying to stage a rebound from its oversold area. But at this time, we should NOT place too much weight on this one yet. I would rather suggest you to keep an eye on the lower band's resistance of 3146. If we can see a closing of above this level, then the story may has begun to change.

Are the commodities speculators betting on Federal Reserve Chairman Ben Bernanke's QE3 ?

FKLI:- The Market Is Holding Its Breath Over US and PIIGs Crisises- 7/18/2011

As expected the market has gone into a minor retracement and which looks like becoming a consolidation in making.

Both the Stochastic and MACD have turned negative and price closed below the upper Bollinger Band. By sticking our usual trading plan, the previous longs would have closed when either 1-2 points below the upper band or below previous day low.  As the ADX has begun to fall, it is also confirming the end of prior bull cycle.

If you have engaged shorts position, place stop at 1588.

 

The weekly chart's Stochastic and MACD may seem to changing their direction, but they still remain positive. And price still manage to stay above the upper band. But the ADX has flattened again which mean its prior uptrend has faked out.

Summarily speaking:- both the daily and weekly chart offer no clear indication of the market's next course of action. (flat/falling ADX etc) But there is a great chance that the ADX will continue to fall (more sideway market) as the whole world may be holding their breath to see how the America's debt ceiling wayang kulit works out before taking the next course of action. Or there could also be a possibility that the market may just collapse from here with as more shocking news coming from the EU PIIGs. Investors may suddenly chicken out when they finally realize how serious is the PIIGs' problem and some of them just cannot be "saved". Technical analysis will take out a great portion of the guess works from the market - buy again if prices go above the upper band or sell more if they go below the lower band.

 What If Congress Doesn't Raise the U.S. Debt Ceiling? Will USD Collapses ?

"Fundamentally"-based arguments about the dollar's future can be very misleading

A great question:-

"Doesn't the U.S. Treasury's looming extension of the U.S. debt limit even higher than it is today mean more pressure on the dollar?"

The question refers to a hot political issue: whether to raise the U.S. debt ceiling to yet another record high (over $14 trillion). That's a staggering figure, hence the question: Won't foreign creditors see that much debt as detrimental to the U.S. economy, and thus to the value of the dollar?

At first glance this "fundamentally"-based argument sounds legitimate... that is, until you do some research and realize that the U.S. debt ceiling has been raised 11 times since 1996 -- that's 11 out of the past 15 years. The U.S. dollar did not crash in the process; against the euro (its main competitor), it stands today about where it was in 2007.
 
You could say: True, the debt ceiling has been rising, but now it's getting too high! To which someone could reply: What's "too high"? Why was raising the debt above $12 trillion in 2009 acceptable, but the push over $14 trillion this year "too high"? Who's to say?

And just to show how "flexible" the "fundamentally"-based arguments can be, you could just as easily argue that it will damage the dollar NOT to raise the debt ceiling, and here's why: the Federal government will shut down, the U.S. cannot legally borrow any more money, which is a de-facto default -- and bad news for the buck.

Damned if you do, damned if you don't.