13 August, 2014 by The TZ Newswire Staff Comments Off on Helen Davis Chaitman on "In Bed with Wall Street"
Helen Davis Chaitman on "In Bed with Wall Street"
Helen Davis Chaitman is a well-known attorney with extensive experience in the areas of lender liability, bankruptcy, bank fraud, RICO, professional malpractice, trusts and estates, and white collar defense. The National Law Journal named her as one of the nation’s top ten litigators in 1995. Since early 2009, Ms. Chaitman has been an outspoken advocate for investors in Bernard L. Madoff Investment Securities LLC (more here).
13 August, 2014 by The TZ Newswire Staff Comments Off on "This Is Exactly What Bin Laden Wanted" Ron Paul Concludes
"This Is Exactly What Bin Laden Wanted" Ron Paul Concludes
Having expressed his dismay at President Obama’s decision to embark upon Iraq War 3.0, Ron Paul explains “it’s a little bit late to salvage all the mistakes that we’ve made for the past 24 years,” adding that he is worried “it will end up with a lot more violence because they are putting more troops in there right now.” Simply out, Paul concludes, “the sooner we get out of there the better,” as it “jeopardizes our national security and is bankrupti
13 August, 2014 by The TZ Newswire Staff Comments Off on Shares, bonds rally as investors bank on endless stimulus
Shares, bonds rally as investors bank on endless stimulus
Asian shares pushed higher on Thursday after a flood of soft economic data led investors to wager on a ceaseless fountain of stimulus from major central banks, sending bond yields tumbling across the globe. …
13 August, 2014 by The TZ Newswire Staff Comments Off on As Chinese Credit Plummets US Stocks Soar On Hopes Of More PBOC Easing; But Is Conventional Wisdom Again Wrong?
As Chinese Credit Plummets US Stocks Soar On Hopes Of More PBOC Easing; But Is Conventional Wisdom Again Wrong?
For those who are perplexed why today stocks soared despite a renewed battery of horrendous economic results, the answer lies in China, where overnight the PBOC reported that July aggregate credit creation (aka Total Social Financing), at least the “as reported” variety, plunged by the most ever, and instead of growing at the expected RMB1.5 trillion, it registered a monthly change of only RMB273 billion, or a miss to expectations of over 80%, and a complete collapse from the CNY1,974 billion reported in June.
13 August, 2014 by The TZ Newswire Staff Comments Off on Humpday Humor – The New Chinese Conundrum: Cup-Size and Conspicuous Consumption
Humpday Humor – The New Chinese Conundrum: Cup-Size and Conspicuous Consumption
On a lighter note, as American society collapses – Forget Asian “over-saving”, there is a new conundrum for Alan Greenspan and his merry band of PhDs to figure out… as China.org reports, purchasing power increases as bra sizes go up according to Taobao.com, one of China’s largest online commercial sites.
13 August, 2014 by The TZ Newswire Staff Comments Off on Wednesday Market Wrap
Wednesday Market Wrap
For the day the SPX/DOW were +0.60%, and the NDX/NAZ were +1.10%. Bonds gained 10 ticks, Crude gained 5 cents, Gold added $3, and the USD was higher. The market gapped up at the open for the second time this week and we cleared the SPX 1940 level and closed at 1946.
Please note the new support and resistance levels for SPX
Support 1929 and 1901
Resistance 1956 and 1973
Most of our stocks held in very well today and I added a few new stocks during the day.
NFLX 452
PLUG 5.80
BIOF 10.15
13 August, 2014 by The TZ Newswire Staff Comments Off on Job = Just Over Broke
Job = Just Over Broke
Submitted by Michael Snyder of The Economic Collapse blog,