Archive for November 5th, 2010

By: Andrew McKillop Market Oracle Nov 05, 2010 Ben Bernanke has cranked the U.S. Fed’s printing presses one more time, with a new injection of US$ 600 billion. Market operators have responded with the only tune they know: bid up all hard asset real resource prices in the Commodities space and, for a while,... »

By: F William Engdahl Market Oracle Nov 05, 2010 The earlier filing of fraud charges against Wall Street banking titan Goldman Sachs by the US Government Securities and Exchange Commission (SEC) was only the tip of a huge fraud iceberg. Now a US mortgage insurer has charged one of the most aggressive banks involved... »

by JR Nyquist FinancialSense.com Fri, 5 Nov 2010 Karl Marx and Friedrich Engels, writing in the Manifesto of the Communist Party , famously said that a specter was haunting Europe — the specter of Communism. All the powers of old Europe, they said, had entered into a holy alliance to exorcise this specter. Marx... »

Tyler Durden ZeroHedge.com Nov 5, 2010 CLSA’s Chris Wood is in fine form today. From CLSA’s Fear and Greed The announcement of QE2 has come in as expected, namely an incremental approach. Still, the approach is sufficiently gung-ho to continue to give the benefit of the doubt to the risk trade. Investors should remain... »

The early verdict is in on the US Federal Reserve’s $600bn of fresh money through quantitative easing. Yields on 30-year Treasury bonds jumped 20 basis points to 4.07pc. By Ambrose Evans-Pritchard TelegraphUK 04 Nov 2010 It is the clearest warning shot to date that global investors will not tolerate Ben Bernanke’s openly-declared policy of... »

Joe Weisenthal BusinessInsider.com Nov. 5, 2010 QE2 is likely to serve as a reminder to central bank reserve managers that they still have way too many dollars, and that they need to diversify away. That’s the argument from Citi’s Steven Englander: With FOMC out of the way and largely meeting expectations, investors are looking... »

Packagers and Supermarkets Pressured to Pass Along Rising Costs, Even as Consumers Pinch Pennies. By JULIE JARGON And ILAN BRAT WSJ.com An inflationary tide is beginning to ripple through America’s supermarkets and restaurants, threatening to end the tamest year of food pricing in nearly two decades. Prices of staples including milk, beef, coffee, cocoa... »

by Tyler Durden ZeroHedge.com 11/04/2010 Yesterday’s Ben Bernanke penned an Op-Ed in which he essentially said: “I am doing whatever I interpret my mandate to be, which right now means only thing: Dow 36,000. I am only accountable to the private bank that is the Federal Reserve, a few Wall Street CEOs, and no... »

by Michel Chossudovsky Global Research November 4, 2010 Some of America’s wars are condemned outright, while others are heralded as “humanitarian interventions”. A significant segment of the US antiwar movement condemns the war but endorses the campaign against international terrorism, which constitutes the backbone of US military doctrine. The “Just War” theory has served... »

by Mac Slavo LewRockwell.com After the much-anticipated defeat of the democrats in the House of Representatives, President Obama says that he wants to “figure out how we can move forward together.” At a White House news conference, the president said that when Congress returns, “my goal is to make sure we don’t have a... »