Panic In DC As Starbucks' Schultz Calls For CEO Boycott Of Campaign Donations, Urges Americans To Go On Strike Against Their Politicians

In today's most underreported news of the day, which could potentially have the biggest impact on the future of America, none other than America's CEOs, or at least one of them: Starbucks' Howard Schultz, has mass blasted an email to fellow CEOs asking for a consensual boycott on donating to political campaigns in order to encourage the nation's muppets, elsewhere idiotically called "leaders", to solve America's budget and debt impasse. Bloomberg quotes from the CEO's e-mail to business leaders:"I am asking that all of us forego political contributions until the Congress and the President return to Washington and deliver a fiscally disciplined long-term debt and deficit plan to the American people." Cue panic, terror, homicidal and suicidal screeching, and overall sheer existential angst in D.C., whose critters suddenly face the nightmare scenario of having no corporate bribes, period, until they get to do their job.

Liquidate the banks or endure years of slavery, Rickards tells CNBC

 

 

Lewis Lehrman: The Nixon shock heard 'round the world

 

Today's FTMFW Soundbite Is... (And Live Obama Town Hall Webcast)

...Courtesy of the teleprompter:
OBAMA SAYS SOLVING DEFICIT IS `NOT THAT COMPLICATED'
Translated: "My fellow Americans, I forgot my antipsychosis medications this morning, and god bless. Thank you." Watch the town hall webcast below.

Sales of Safes Soar Amid Market Turmoil

Eric De Groot at Eric De Groot - 43 minutes ago

Demand for safes, whiskey, and handguns are soaring? I assumed the last two. Perhaps prayers for sanity and calm leadership should be number one. Headline: Sales of Safes Soar Amid Market Turmoil Amid the market turmoil, sales of security safes and vaults have spiked. While some shoppers sought to protect whatever valuables they had left, others needed a place to stash their newly-acquired... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] 

 

 

 

 

 

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The Blind Leading The Blind

Eric De Groot at Eric De Groot - 2 hours ago

Ignore the funds (see headline below) unless the investment strategies based on the blind leading the blind work well for you. Money flow analysis reveals that connected interests are buying the dip in copper. Copper (JJC) And Copper Diffusion Index (DI) Headline: Funds Slash Commodity Bets by Most in 18 Months on Economic-Growth Concern Funds reduced bets on rising commodity prices... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] 

Near Record Institutional Short Interest Caught With Pants Down In Motorola Mobility Acquisition

As if hedge funds did not have enough to worry about with redemption requests galore after last week's epic rout and vol surge, today's Google stunner acquisition of MMI caught a near record number of them with their pant down. The company, which had over the past year, ever since its spin off, become one of the most despised public companies, saw a 250% increase in its short interest since December, peaking at 25 million shares short, dropped to just under 20 million shares, or essentially the second highest to date. These are precisely the institutional shorts who are hating their live right now as they are sitting on a $260 million paper loss, enough to wipe out several mid-size hedge funds. Speaking of, following rampant rumors spread by CNBC's strategy session last week that various funds were blowing up left and right (in addition to perennial bete noire Paulson & Co of course), we have yet to hear of even one casualty. Just how tight of a lid are prime brokers keeping on their hedge fund client casualties if not one peep has been uttered about who blew up? Following today's trouncing in MMI, we doubt this secret will be such a secret for much longer.

Obama (Dis)Approval Rating Update: All Time Record Low

In the aftermath of the first of may town hall meetings (there is a second one tonight), it is only fitting to present this chart courtesy of Real Clear Politics which summarizes data across all the different polling services indicating Obama's approval and more importantly disapproval rating. The message is clear: all time low. Time to resurrect and kill Osama for the 3rd time? Or maybe Obama can spend another day spamming his vastly reduced Twitter followers?

BCA Research Finds "QE Is Good For The Rich, Bad For The Poor"

We were a little torn as to who should receive today's captain obvious award of the day. For a while Atlanta Fed's Lockhart was in the lead, who in a speech to the Rotary Club of Atlanta came up with this pearl of wisdom: "the stock market may not tell the economy's direction." Does this mean that the efficient market hypothesis is now dead and that the Chicago School of Voodoo should hand out refunds for decades of indoctrinated lies? Nonetheless, the winner was sealed when we read about an actual paper writtedn by BCA Research's Dhaval Joshi, which found that "Quantitative Easing is good for the rich, and bad for the poor." And there you have it: all those scrathcing their heads, confused, wondering how it is possible that QE which was supposed to make everyone richer, did not do so, have an explanation. And nobody could have possibly come up with this conclusion before: it is a true blessing that BCA decided to invest the capital and manpower into cracking this indecipherable quandary (which truth be told apparently stumped the geniuses at the Fed not once, but twice, and will continue to do so them every single time the S&P drops below 1000).





Now, Apple Has a Direct Competitor That May Make Samsung Look Conservative In Comparison

Posted by : Reggie Middleton

Post date: 08/15/2011 - 12:31

If history is any indicator, Google may be poised to hit the ball out of the park with the Motorola Acquisition. Remember Moto has more patents than all phone manufacturers (nearly combined -...