Tuesday, February 28, 2012

iBubble: Apple's Market Cap Is Now The Same As The Entire Retail Sector, Bigger Than All The Semis


Tyler Durden's picture
This is simply stunning: one company, which has two flagship products, has a bigger market cap than the entire Semiconductor space, and is just shy of the entire S&P Retail sector.

'Not for Pub': US drew up secret Assange charges - Stratfor leak

The US prepared a secret “sealed indictment” on Julian Assange over a year ago. That comes from a recent Stratfor mail leak published on a drip-drip basis by WikiLeaks.
The newly-released batch of confidential emails reveals Stratfor's vice-president for intelligence, Fred Burton, warned his colleagues of the “not for pub” indictment.
Last year, media reports suggested the US might not be able to charge Julian Assange with espionage as no direct links had been found between him and his alleged informant, Bradley Manning.
Burton, a former State Deptartment counterterrorism agent, ended the speculation on whether the US could hook the WikiLeaks founder by saying: "We have a sealed indictment on Assange, also calling for the sensitive information to be "protected."

Revenge is a dish best served cold’...

Anyone's a Terrorist: Fear-mongering machine takes over US

Presidential authorisation for the military to detain terror suspects without charge or trial has left Americans wary. Washington says it's beefing up national security as part of the war on terror. But critics say fear-mongering is dividing, not uniting the nation. Source

Turk - Something Big is About to Happen in Gold & Silver


With gold near $1,770 and silver near $35.50, today King World News interviewed James Turk out of Spain.  Turk told King World News the fact that silver is not pulling back is an indication of how strong that market is right now.  Here is what Turk had to say about the situation:  “This is a great start to the week for the precious metals, Eric.  We need to see this kind of strength to make sure both gold and silver follow through in the next few trading days to confirm the big gains from last week where gold climbed 2.9%, while silver soared 6.4%.  It is remarkable to see both metals hold their gains with no profit taking.  Clearly, traders see something big is about to happen, and so do I.”

"Hoodwinked: an economic hit man reveals why the world financial markets imploded... Lazy Thieves" - Epilogue

In this edition of the show we discuss the book; Hoodwinked: An Economic Hit Man Reveals Why the World Financial Markets Imploded, written by John Perkins.

Goldman: Germany Is Now On The Hook By €1 Trillion (Or 40% Of GDP)


Tyler Durden's picture
Earmuffs time for our German readers.
Goldman Sachs, in estimating the impact of tomorrow's LTRO, lets one slip, namely the fact that despite popular German expectations that European bailouts occur at the ECB level, and Germany is fairly isolated from what happens in Greece (which as of today no longer stays at the ECB, but shifts right through to the Bundesbank) thereby reducing the risk of runaway debt inflation, the true price to Germany is substantial to quite substantial. €1 trillion to be precise. Which just happens to be 40% of German GDP...

Occupy London camp destroyed by police in riot gear


The Occupy London camp outside St Paul's Cathedral was destroyed early Tuesday. Hundreds of officers converged on the camp just before midnight local time and began to dismantle what had been home to around 70 activists.

Bailiffs in high-visibility jackets dragged tents and their contents to garbage trucks and dumpsters where they were crushed. Police in riot gear formed cordons to keep protesters and their supporters out of the camp. Activists say the police were met with peaceful resistance.  However, media reports say around 20 protesters have been detained.

Weed Out Wall St. Crooks! - Max Keiser

'no wrongdoing' settlements, defrauding school children and a morbidly obese, bedridden Volcker Rule. In the second half of the show, Max talks to Karl Denninger of the Market-Ticker.org about rigging Libor, ruining Volcker and shorting Facebook. Source

Defending Victims of Vaccine Poison - Attorney Patricia Finn Harassed by NYS Ninth Judicial


Mike Adams interviews Patricia Finn, a New York attorney under fire by the NYS Ninth Judicial District Grievance Committee for the crime of representing victims and their families who have had severe adverse reactions following vaccination.

Bankers, corruption & Saudi arm deals - DBS - Afshin Rattansi

Oil wars on Somalia and Greece as the cradle of European democracy burns in the Euro crisis. The head of News Corporation, Rupert Murdoch has reportedly died from consumption of a metal named after a Greek goddess Athena.We also talk to the biographer of the former head of Royal Bank of Scotland owned mostly by UK taxpayers about corruption, Saudi Arabian arms deals and Syria’s fraud. These and much more are all reviewed in this edition of Double Standards with Afshin Rattansi. Source

New evidence, Lockerbie case a Sham!

The conviction of a Libyan man for blowing up a passenger jet over Scotland in 1988 could be seriously undermined by new evidence. Source

Capital Flight From Italy, Greece, Portugal Accelerates; Two Trillion Fantasy; Merkel Weaker Every Week; Crude and Geopolitical Risks

Via Email, here is a nice summary of European events from Steen Jakobsen at Saxo Bank in Denmark. Topics include the G20 Summit, Extend-and-Pretend Dogma, Capital Flight , and Geopolitical Risks.

Steen Writes ...  Two Trillion Fantasy

This week-end's G-20 came and went without any real new information. Yes, the policy makers wants us to believe ultimately IMF will have 2 trillion US dollars at its disposal.

No, the US, UK and rest of non-Europe is not really interested before we all get more clarification on how Europe will ring fence the debt crisis.

This is more and more Wall Street vs. Main Street: Underfunded banks buys underfunded government bonds and underfunded governments guarantees underfunded banks.

The real loser being the unemployed - Edward Heath put it more elegantly: Unemployment is of vital importance, particularly to the unemployed.

Buy Gold...schlager: Booze Inflation Highest In 20 Years


Tyler Durden's picture
Americans can handle soaring rent, gas, and even food prices (all those thing that the Fed conveniently ignores) with the stoic patience of a Greek who welcomes 160 German tax collectors on his rehypothecated front porch. But if there is one thing that is sure to kindle the revolutionary spirits it is the soaring price of booze. As it just so happens, ships are parked in the Boston harbor with crates of Grey Goose prepped for tossage overboard as we speak. 
As the following chart of alcoholic beverage inflation indicates, courtesy of John Lohman, January saw the biggest month over month spike in booze inflation in 20 years. In other words, about 90% of all traders alive today have never seen a bigger jump in liquor inflation in their lives.

Ron Paul in Michigan: Big Crowds, Huge Enthusiasm, Consistent Message

Is the "Demographic Carry-trade" putting Human Capital at Risk of Flight in Europe?

German Parliament today voted to back the Greek bailout package...do you have Greek bailout burnout? Well, if you do, you are lucky, because we will be talking about the Emerald Isle today, that's right...Ireland, remember them? Today, the executive board of the IMF discussed whether or not to approve the latest tranche of bailout money for Ireland.

Israel Supremacists will Attack Iran without warning US Fascists - intelligence source


Israeli supremacists say if they decide to launch a pre-emptive attack on Iranian nuclear facilities, they will do so without the prior consent or knowledge of the US, according to an AP report citing leaked US intelligence.
The message was conveyed by the supremacist Israeli Prime Minister Benjamin Netanyahu and Attack Minister Ehud Barak to a number of senior US officials visiting the country, the news agency said, citing a US intelligence source. The official spoke about the sensitive strategic negotiations on condition of anonymity. Both the US and Israel declined to make any official comment.
Supremacists in Tel Aviv insists its strategy is necessary in order to protect Washington from being blamed for failing to stop an Israeli attack, should it take place. But it may also signify their frustration over America’s position on the conflict.

Why are the British Always Rioting?

A Short History of the British Rioting.

Restoring Our Renegade Government with Attorney Jonathan Emord - USA

Jonathan W. Emord was born on January 16, 1961 in Brockton, Massachusetts. He has been practicing constitutional and administrative law before the federal courts and agencies since 1985. Having begun his career as an attorney in the Federal Communications Commission during the administration of President Ronald Reagan, Emord has maintained an abiding conviction to achieve full First Amendment protection for the freedoms of speech and press.

Gas Prices Signal Tsunami of Inflation


Greg Hunter’s USAWatchdog.com: A good friend of mine, who has family living abroad, called me this weekend. One of the first things out of his mouth was about his sister in London and how she was dealing with “terrible inflation.” No doubt he was talking about the spike in gasoline prices that have risen to more than $8 a gallon. (The official inflation rate in the UK is around 3.6%, but I’m sure the numbers over there are as reliable as the inflation numbers in the U.S. where fuel and food are not counted in the so-called “core” inflation.)  Part of this price spike is due to Iran cutting off crude oil shipments to the EU recently, but part of it is the fact the UK has been engaging in quantitative easing (QE), or money printing, to help its ailing economy and insolvent banks. Just in the last few weeks, it announced another $50 billion in QE. The UK is not alone as most Western countries are engaging in QE to prop up an insolvent system bloated on bad debt.
Inflation is always and everywhere a monetary phenomenon.” This famous quote from Nobel Prize winner Milton Friedman really says it all about what is happening to fuel prices and inflation.

China: Gold's Biggest Producer and Soon, Its BIggest Consumer

By David Pierson, Los Angeles Times: China, the world's largest producer of gold, will soon be the biggest buyer of it. Its spree is fueled partly by the government as it boosts its reserves but mostly by consumers seeking a hedge against inflation or to show off their wealth.

A bit player only a decade ago, China has emerged as one of the most important forces in the global gold market, helping fuel the rising value of the precious metal.
Already the world's largest producer — it overtook South Africa in 2007 — China is now bedecking itself in bling. It's on track to become the globe's largest consumer of gold as early as this year, knocking off India — whose elaborate wedding dowries kept it on top for years.
Some of China's gold is going to its central bank as the government quietly boosts reserves. But the biggest driver is Chinese consumers. They're snapping up jewelry, coins and bars as a hedge against inflation and to flaunt their rising wealth.
To witness the frenzy firsthand, head to Beijing's Caishikou Department Store, a four-story gold emporium that rang up sales of $1.5 billion last year. Visitors be warned: sharpen your elbows and be ready to push.