Global Economy Bursting?

[Restrain]

Stocks currently rebounded off low, but still off for the day.

 

[Workbox]

Stock futures signal heavy selling on Wall Street

Europe’s sovereign-debt crisis continues to slam stocks globally

http://www.marketwatch.com/story/stock-futures-signal-heavy-selling-on-wall-street-2011-09-12

Stocks currently rebounded off low, but still off for the day.

We were anticipating for that to happen at the end of the day. The SPX is going sideways and bouncing it's off it' lows and highs. It's in a "Consolidation Box" as Chart Technicians would call it.

 

[Restrain]

Obama wants to spend government money for temporary jobs yet EPA regs will result in closing of power plants, job layoffs, and brownouts which will impact probable job growth

http://www.statesman.com/news/texas/texas-power-provider-closing-units-over-epa-rule-1847689.html

 

[Randolph Kinney]

Getting your money's worth: UC tuition could rise by 16% a year

Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/09/12/MNLA1L3IGU.DTL#ixzz1XqTMsBGK

The University of California would raise student tuition by at least 8 percent - or as much as 16 percent - every year through 2016 under a plan that UC leaders will propose to the regents Thursday in San Francisco. Basic tuition could top $22,000 in just four years, not including other mandatory fees, books, room and board.

 

[Randolph Kinney]

Record 46.2 million Americans below poverty line: U.S. Census

http://www.marketwatch.com/story/record-poverty-in-2010-census-2011-09-13?siteid=bnbh

 

[Randolph Kinney]

'Black Swan' Author More Concerned About US Than Europe

http://www.bloomberg.com/news/2010-...t-risk-has-him-extremely-bearish-on-u-s-.html

“We have an administration that, unlike the European administrations, is not aware of the risks of mounting deficits, of the addiction to public deficits and to big government.”

 

[Big ole Boy]

Buildings of confidence

... I learned that the building for the Department of Homeland Security is larger in size than the Pentagon ...

.. I had no idea ....

...

... the whole idea is to build a system of police tipsters to the FBI .....

... the hype used for the 10 year anniversary of 9/11 was all about demonstrating how our central government can control the news cycle ....

... the hype about a possible terrorist attack seemed way over the top .....

... the central power of grey goo oozing out of China is right in our own soil as well

... yet all my private sector friends continue to watch reruns of Andy Griffith ......

 

[Terrel L. Shields]

Taleb recognized the problem years ago. I read "Fooled by Randomness" in say 2005 well before Black Swan and he remarked then that fannie mae was "sitting on a keg of dynamite"...

 

[Randolph Kinney]

PIMCO Goes "Long" In Anticipation Of QE3

http://www.zerohedge.com/news/durat...ars-near-record-highest-2007-anticipation-qe3

 

[Randolph Kinney]

Treasury Will Help The Fed Execute "Operation Twist"

Read more: http://www.businessinsider.com/trea...To Know Before The Opening Bell#ixzz1XvwAuzdO

The U.S. Treasury is reportedly expected to accommodate Federal Reserve stimulus plan Operation Twist, in which the central bank would buy long-term Treasuries to drive down long-term interest rates.