Gordon T Long

RESEARCH ANALYTICS for the GLOBAL MACRO

|   TIPPING POINTS   |  COMMENTARY  READER ROADMAP | SWAP SENTINEL   | 

 

BUY ANY BOOK

 

GET 2 MONTH SUBSCRIPTION TO

 

 MONTHLY MARKET COMMENTARY

 

PROMOTION  DETAILS

 

INVESTING ONLY

BOOKSTORE


Bookmark and Share 

LCM GROUPE

SITE ACCESS

ANALYTICAL SERVICES


Fibonacci - W.D. Gann

Elliott Wave - J. M. Hurst


Fibonacci series and spiral

Developers of Chaos Theory

& Mandelbrot Generator

Algorithms

 

APPLICATION FOCUS

 

 


 

READ ALL THE

"EXTEND & PRETEND SERIES"

 

 

Shifting Risk to the Innocent

 

Uncle Sam, You Sly Devil!

 

Is the US Facing a Cash Crunch?

 

Gaming the US Tax Payer

 

Manufacturing a Minsky Melt-Up

 

Hitting the Maturity Wall

 

An Accounting Driven Market Recovery

 


 

 

 

 A MUST READ FOR ANY UNDERSTANDING

of the current

GLOBAL MACRO ECONOMIC

ENVIRONMENT

 


 

READ ALL THE

"SULTANS OF SWAP"

 

ACT I

Sultans of Swap: Smoking Guns!

ACT II

Sultans of Swap: The Sting!

ACT III

Sultans of Swap: The Get Away!

 

 

ALSO

SULTANS OF SWAP: Explaining $605 Trillion in Derivatives!

 

SULTANS OF SWAP: Fearing the Gearing!

 

FOR UPCOMING SHOW TIMES SEE: COMMENTARY

 


 

 

 

 

FREE INTRODUCTORY

MAILING

 

Current Thesis Advisory

62 pages

 

EXTEND & PRETEND

 

Click page to view Index

 

Contact Us

 

Add Promo Code: "Introduction"

in the Subject Heading

 

 

The Latest Monthly

 

MONTHLY MARKET COMMENTARY

12 pages

 

Click page for Front Page

 

Contact Us

 

Add Promo Code: "MMU"

in the Subject Heading

 


FREE INTRODUCTORY

ACCESS

 

FACEBOOK

 

 

DAILY TIPPING POINT ARTICLE POSTS

 

SAMPLE PAGE

 

Click page to view Index

 

Contact Us

 

Add Promo Code: "Facebook"

in the Subject Heading

 

 


 

CUSTOMIZE YOUR RESEARCH EFFORTS

 

TIPPING POINT

TAG ENGINE

 

Click page to view Index

 

Free Access to Our Tag Engine for detailed research behind our Tipping Points.

 

OVER 1000 ARTICLES INDEXED

each with an

Executive Summary - Abstract

 

SAMPLE

Click page to view Index

 

Contact Us

 

Add Promo Code: "Tag Engine"

in the Subject Heading

 

  Bookmark and Share


 

 

 

 

 

 

 

                    LATEST PUBLICATIONS

RSS 

COMMENTARY for all articles by Gordon T Long

 

PRESERVE & PROTECT: Mapping the Tipping Points

The economic news has turned decidedly negative globally and a sense of ‘quiet before the storm’ permeates the financial headlines. Arcane subjects such as a Hindenburg Omen now make mainline news. The retail investor continues to flee the equity markets and in concert with the institutional players relentlessly pile into the perceived safety of yield instruments, though they are outrageously expensive by any proven measure. Like trying to buy a pump during a storm flood, people are apparently willing to pay any price.  As a sailor it feels like the ominous period where the crew is fastening down the hatches and preparing for the squall that is clearly on the horizon. Few crew mates are talking as everyone is checking preparations for any eventuality. Are you prepared?

 

What if this is not a squall but a tropical storm, or even a hurricane? Unlike sailors the financial markets do not have the forecasting technology to protect it from such a possibility. Good sailors before today’s technology advancements avoided this possibility through the use of almanacs, shrewd observation of the climate and common sense. It appears to this old salt that all three are missing in today’s financial community.

 

Looking through the misty haze though, I can see the following clearly looming on the horizon.

Since President Nixon took the US off the Gold standard in 1971 the increase in global fiat currency has been nothing short of breath taking. It has grown unchecked and inevitably became unhinged from world industrial production and the historical creators of real tangible wealth.  READ MORE

 

Do you believe trees grow to the sky?

Or, is it you believe you are smart enough to get out before this graph crashes?

   

 

INNOVATION: What Made America Great is now Killing Her!

What made America great was her unsurpassed ability to innovate.  Equally important was also her ability to rapidly adapt to the change that this innovation fostered. For decades the combination has been a self reinforcing growth dynamic with innovation offering a continuously improving standard of living and higher corporate productivity levels, which the US quickly embraced and adapted to.

 

This in turn financed further innovation. No country in the world could match the American culture that flourished on technology advancements in all areas of human endeavor. However, something serious and major has changed across America.  Daily, more and more are becoming acutely aware of this, but few grasp exactly what it is.  It is called Creative Destruction. 

 

It turns out that what made America great is now killing her!

 

Our political leaders are presently addressing what they perceive as an intractable cyclical recovery problem when in fact it is a structural problem that is secular in nature. Like generals fighting the last war with outdated perceptions, we face a new and daunting challenge. A challenge that needs to be addressed with the urgency and scope of a Marshall plan that saved Europe from the ravages of a different type of destruction. We need a modern US centric Marshall plan focused on growth, but orders of magnitude larger than the one in the 1940’s. A plan even more brash than Kennedy’s plan in the 60’s to put a man of the moon by the end of the decade. America needs to again think and act boldly. First however, we need to see the enemy. As the great philosopher Pogo said: “I saw the enemy and it was I”.

READ MORE

 


READER ROADMAP -  2010 TIPPING POINTS aid to positioning COMMENTARY

 

 

 

POSTS:  MONDAY 08-30-10

Last Update: 08/31/2010 05:11 AM

SCHEDULE: 1st Pass: 5:30AM EST, 2nd Pass: 8:00 AM, 3rd Pass 10:30

ARTICLE SOURCE 1 2 3 4 5 6 7 8 9 10
                       
                       
Israel prepping for war with Iran? WorldNetD                   29
                       
Toxic growth: Germany’s rebound is no cause for cheer FT X                  
Bank of Japan takes fresh stimulus steps FT X                  
Bank of Japan Moves to Contain Yen WSJ X                  
BoJ Decision Disappoints, Yen Surges On No FX Intervention Announcement Zero He X                  
State Tax Revenue Gains WSJ X     X            
ECB likely to extend emergency bank support FT   X                
It’s Not Over Until It’s in the Rules NYT           X        
Flipper Cash Propping Up Housing Market NPR                 X  
5 reasons why falling home prices will be good for the economy Dr Housing Blog                 X  
Procrastination on Foreclosures, Now Blatant, May Backfire American Banker                 X  
                       
ARTICLE SOURCE 11 12 13 14 15 16 17 18 19 20
                       
BBC seeks to head off pensions clash FT X                  
Hiring, Manufacturing Probably Cooled on Signs U.S. Recovery Is Stumbling     X                
The Case for Reviving Revenue Sharing Shiller   X                
Why We May Already Be In Recession! Harding                   22
Morgan Stanley Finally Folds, Lowers H2 GDP Forecast From 3% To 2% ZH                   22
Debt, Depression, Default. America is in Deep Trouble American Thinker                   24
Pay TV LOSES Customers For The First Time Ever Business Insider                   24
Sell Signal on Biggest Profit Surge Since '88 Has Analysts in Math Denial Bloomberg                   32
The Dark Side of Deficits Mauldin                   32
Investors Pull $7.1 Billion From Stock Funds Globally Bloomberg                   32
Stocks may be ready for rebound as bulls retreat USA Today                   32
Key gauge says stocks are dirt cheap now AP                   32
Investors Head for Bunkers WSJ                   32
                       
                       
BP OIL                      
Gulf Loop Current Stalls from BP Oil Disaster: Global Consequences if Current Fails to Reorganize Signs of the Times                    
Alabama Charges BP, Transocean For BP Gulf Oil Spill Coverup and Using Dangerous Toxic Dispersants Intel Hub                    
BP reverses, admits there’s oil in local waters Intel Hub                    
No BP investigation, the Senate blocked it. Dateline Z.                    
                       
GENERAL INTEREST                      
Bewitched, Bothered, Bewildered, Broke Weekly Standard                    
Federal Reserve chief Ben Bernanke short of ammunition Dow Jones                    
Bernanke Fed Drives Deflation With Zero Rate Policy Zero Hedge                    
More Go Without Life Insurance WSJ                    
                       
VIDEO TO WATCH                      
Peaceful Demonstrator Arrested: 'This Is Free Speech' *Video* SHTF Plan                    
                       

Complete Legend to the Right, Top Items below.
Articles with highlights, graphics and any pertinent analysis found below.

 

1

         

1-SOVEREIGN DEBT

2-EU BANKING CRISIS
3-BOND BUBBLE

4-STATE & LOCAL GOVERNMENT

5-CENTRAL & EASTERN EUROPE
6-BANKING CRISIS II
7-RISK REVERSAL

8-COMMERCIAL REAL ESTATE

9-RESIDENTIAL REAL ESTATE - PHASE II
10-EXPIRATION FINANCIAL CRISIS PROGRAM
11-PENSION CRISIS

12-CHRONIC UNEMPLOYMENT

13-GOVERNMENT BACKSTOP INSUR.
14-CORPORATE BANKRUPTCY

TODAY'S TIPPING POINTS UPDATE

RED ALERT

AMBER ALERT

ACTIVITY

MONITOR

Click to Enlarge





08-30-10

 

GEO-POLITICAL TENSIONS - ISRAEL / KOREA / IRAN

 

IRAN

ISREAL

Israel prepping for war with Iran? WorldNet Daily

The Jewish state, earlier this month, ordered 284 million gallons of JP-8 aviation jet fuel, 100 million gallons of diesel fuel and 60 million gallons of unleaded gasoline – all suitable for military uses – at an estimated cost of $2 billion.

The sale was detailed in an Aug. 5 notification the Defense Security Cooperation Agency of the U.S. Department of Defense posted on its website, in compliance with the requirement to give Congress advance notice of foreign military sales.

 

KOREA

 

1- SOVEREIGN DEBT & CREDIT CRISIS

 

SOVEREIGNS

 

 

SPAIN

 

GERMANY

Toxic growthGermany’s rebound is no cause for cheer  FT

 

FRANCE

 

UK

 

IRELAND


CHINA

 

 

JAPAN

 

 

Bank of Japan takes fresh stimulus steps  FT

Central bank expands lending programme
The Bank of Japan moved to halt the rise of the yen and support the country’s faltering economy by expanding a special bank lending programme by half to Y30,000bn.The central bank’s decision on Monday, a day before Naoto Kan, prime minister, is scheduled to unveil economic stimulus measures, highlights the growing sense of concern about the weakness of the Japanese economy and the negative impact of the yen’s sharp appreciation against the dollar.Masaaki Shirakawa, the Japanese central bank governor, returned early from Jackson Hole for the unscheduled bank board meeting and is expected to meet later on Monday with Mr Kan, who last week urged the governor to act swiftly to tackle the yen’s rise. The new Y10,000bn added to the lending programme will provide funds for six months. The existing Y20,000bn programme has a three-month duration.

Japan’s economy in the second quarter grew an annualised 0.4 per cent, according to preliminary government data, and was overtaken by China as the world’s second largest.

Bank of Japan Moves to Contain Yen  WSJ

 
The Bank of Japan, under strong political pressure to stem the yen's surge, extended an emergency-loan program Monday, but markets were unimpressed by the monetary easing. The central bank's board voted eight to one, at an emergency meeting, to offer domestic financial institutions 10 trillion yen ($117.15 billion) of six-month loans, in addition to the 20 trillion yen in three-month loans it has been offering.

But despite the hopes of the central bank and politicians, the yen rose on news of the BOJ's widely anticipated moved, threatening to resume its climb to 15-year highs. The economic impact of the decision, which came shortly before BOJ Gov. Masaaki Shirakawa was to meet with Prime Minister Naoto Kan, will be "close to zero," said Macquarie Bank economist Richard Jerram. "It's largely a charade."

 

 

BoJ Decision Disappoints, Yen Surges On No FX Intervention Announcement  ZH
The BoJ just released a decision to extend the 3 month lending program to 6 months, to expand the 6 month fixed rate facility to 30 trillion yen from 20 trillion, extended the maturity of QE, and kept the benchmark rate at 0.1%: in essence a nothingburger extension of QE, which has done miracles for the past 20 years. The key item, however, is that there was no direct mention of FX intervention by the BoJ, which was the silver bullet many had hoped for. As a result, the Yen is currently surging.

 

 

 

USA

 

 

 

 

 

 

 

2- EU BANKING CRISIS

   

ECB likely to extend emergency bank support  FT

 

3- BOND BUBBLE

 

 

4- STATE & LOCAL GOVERNMENT

 

State Tax Revenue Gains  WSJ

 
State and local governments shed 48,000 jobs in July, the biggest number in a year, according to the Labor Department. The sector, which now employs about 19.5 million people, has cut 169,000 jobs this year, including 102,000 in the past three months.The second-quarter gains were driven by growth in sales and income taxes, both of which have been raised in many states. Second-quarter sales-tax revenue increased 5.9% in the 47 states surveyed by the Rockefeller Institute, while the take from personal income taxes grew 1.6%. Collections from corporate income taxes, which tend to be volatile and are just a small slice of most states' collections, fell nearly 19% over the period.

 


5- CENTRAL & EASTERN EUROPE

 


6-BANKING CRISIS II

 

 

DODD-FRANK ACT - FINREG

It’s Not Over Until It’s in the Rules NYT (Morgenson)

 

 

7- RISK REVERSAL

 

 

8- COMMERCIAL REAL ESTATE

 

 

9-RESIDENTIAL REAL ESTATE - PHASE II

 

Flipper Cash Propping Up Housing Market NPR  Dr. HB

New home sales in July were at the weakest levels since the government began keeping records 47 years ago. Existing home sales weren't much better. But in all that news, there's a number that jumps out: Almost one-third of the home sales were in all-cash deals. Before the housing bust, less than 10 percent of sales were in all cash, according to the National Association of Realtors.

 

5 reasons why falling home prices will be good for the economy  Dr Housing Blog

 

 

 

Procrastination on Foreclosures, Now Blatant, May Backfire American Banker
Defaulted borrowers were spending an average 469 days in their homes after ceasing to make payments as of July 31.

 

 

“All the excuses have been used up. This is blatant,” said Sean O’Toole, CEO of ForeclosureRadar.com, a Discovery Bay, Calif., company that has been documenting the slowdown in Western markets.

Banks have filed fewer notices of default so far this year in California, the nation’s biggest real estate market, than they did 2009 or 2008, according to data gathered by the company. Foreclosure default notices are now at their lowest level since the second quarter of 2007, when the percentage of seriously delinquent loans in the state was one-sixth what it is now.

New data from LPS Applied Analytics in Jacksonville, Fla., suggests that the backlog is no longer worsening nationally — but foreclosures are not at the levels needed to clear existing inventory.

The simple explanation is that banks are averse to realizing losses on foreclosures, experts said.

“We can’t have 11% of Californians delinquent and so few foreclosures if regulators are actually forcing banks to clean assets off their books,” O’Toole said.

Treasury unveiled the Troubled Asset Relief Program and promised to help financial institutions avoid liquidating assets at panic-driven prices. The Financial Accounting Standards Board and other authorities followed suit with fair-value dispensations.

These changes made it easier to avoid fire-sale marks — and less attractive to foreclose on bad assets and unload them at market clearing prices. In California, ForeclosureRadar data shows, the volume of foreclosure filings has never returned to the levels they had reached before government intervention gave servicers breathing room.

Blecher said the increase in foreclosure starts by the GSEs “is nowhere near” what is needed to clear through the shadow inventory of 4.5 million loans that were 90 days delinquent or in foreclosure as of July 31.Freddie says a good 14% of homes that are seriously delinquent are vacant. In such circumstances, eventual recovery values rapidly deteriorate.

 

10- EXPIRATION FINANCIAL CRISIS PROGRAM

 

 

11 & 28 - PENSION & ENTITLEMENTS CRISIS


BBC seeks to head off pensions clash  FT
Management considers securitising assets to cover deficit

12- CHRONIC UNEMPLOYMENT


Hiring, Manufacturing Probably Cooled on Signs U.S. Recovery Is Stumbling BL

 

The Case for Reviving Revenue Sharing Shiller

13- GOVERNMENT BACKSTOP INSURANCE

 

 

14- CORPORATE BANKRUPTCIES

 



 


OTHER TIPPING POINT CATEGORIES NOT LISTED ABOVE

 

22-SHRINKING REVENUE GROWTH RATE

GDP REVISIONS

 

Why We May Already Be In Recession! Harding

 

Morgan Stanley Finally Folds, Lowers H2 GDP Forecast From 3% To 2%  ZH
The firm that was long the biggest bull on Wall Street, Morgan Stanley, with its initial 5.5% target on 10 Years by the end of 2010, has finally folded: "We are downgrading our outlook for second-half growth to 2-2.5% from 3-3.5% previously. This downgrade from above-trend to below-trend growth has  important implications for forecasts of the unemployment rate, inflation and monetary policy." Ostensibly it also has implications on rates, with the firm now actively calling for a flattener, just in time for the 10s30s to start creeping out again. Of course, this being Morgan Stanley, nothing is ever easy, and the firm obstinately refuses to see the plunge in H2 GDP as anything more than just a temporary blip: "we don’t think this slowdown will last beyond H2, much less morph into a downturn

 


MS H2 Econ Outlook -  

 

24-RETAIL SALES

Debt, Depression, Default. America is in Deep Trouble American Thinker

 
It is all due to unrestrained spending by the federal government.  And, furthermore, the canard that the "rich will pay for it all" is nonsense.  This is another refusal to face facts.  According to Larry Elder, "[f]or the 2007 tax year (the latest income tax data year released by the IRS) the top 1 percent of income earners, those making over $410,000 a year, paid 40 percent of all federal income taxes. [But] the top 5 percent, those making about $160,000 a year or more, paid 60 percent of all federal income taxes."  Moreover, "the rich are not the only ones to benefit from the Bush tax cuts.  Extending cuts to the non-rich would ‘cost' the government about $140 billion next year.  Extending the cuts to the rich would ‘cost' about $40 billion next year.  If the tax cuts only benefit the rich, why would the Treasury "lose" more money from the non-rich than it would ‘lose' from the rich?"  As corporations continue to downsize, the "rich" get poorer; the middle-class get poorer and everyone suffers.  As Margaret Thatcher once said, "the trouble with Socialism is that eventually you run out of other people's money."  The "tea bags" need to be thrown into the Potomac every day until Congress and Obama get the message.  Better yet, the voting booth levers need to be pressed very hard come November to unseat those who are ruining America.

 

Pay TV LOSES Customers For The First Time Ever  BI

 

 

31-FOOD PRICE PRESSURES

 

32-US STOCK MARKET VALUATIONS

 

Sell Signal on Biggest Profit Surge Since '88 Has Analysts in Math Denial  BL

For the first time since at least 1997, fewer than 29 percent of ratings for stocks covered by brokerages worldwide are “buys,” according to 159,919 recommendations compiled by Bloomberg. Analysts are turning more pessimistic even as they push up estimates for profit growth among Standard & Poor’s 500 Index companies to 36 percent, the highest since 1988.

“People are sitting on a fence,” said Paul Zemsky, the New York-based head of asset allocation for ING Investment Management, which oversees $550 billion. “When I go and talk to our equity analysts, they look at the companies and say, ‘Boy these companies look pretty good, earnings are OK, they have plenty of cash. What if there’s a double dip?’”

More than 54 percent of ratings for companies in the U.S., U.K., Japan and Brazil are “holds,” the highest level since Bloomberg began tracking the data in 1997. While the proportion of “sell” ratings in the U.S. has fallen to 5.1 percent, half the level of 2003, the total combined with “holds” reached a record 71 percent last month, the data show.

“A ‘neutral’ usually means historically a ‘sell,’” said Kevin Rendino, a money manager at New York-based BlackRock Inc., which oversees about $3.2 trillion. “Ratings chase stock prices. When everyone becomes risk averse, they don’t want to stick their necks out.”

While pessimism is increasing, analysts say profits for companies in the MSCI World Index of 24 developed nations will gain 28 percent in the next year. The MSCI index trades at 11.5 times forecast earnings, data compiled by Bloomberg show. Except for the six months starting October 2008, the index has never traded below 12.5 times reported earnings.

 

The Dark Side of Deficits Mauldin

Investors Pull $7.1 Billion From Stock Funds Globally BL

 

Stocks may be ready for rebound as bulls retreat USAT
“At this point, who is really left to sell? The sentiment data is a sign sellers are exhausted."


Key gauge says stocks are dirt cheap now AP

Investors Head for Bunkers  WSJ

It is the ultimate bunker portfolio.

Amid the market tumult, a handful of stocks have seen their share prices ratchet up to record highs in recent weeks. And many of them are connected by a curious, if disconcerting, thread: Between them, they provide an investor with essentials for any respectable fallout shelter—makers of bottled water, canned goods, dehydrated broth, gas masks and auxiliary generators. A portfolio of the 18 companies that reached their peaks in the past month would be up about 24% this year, compared with the broader market's 4.5% decline, a sign some investors may be taking the prospects of financial Armageddon more seriously than one might think.

 




BP - British Petroleum

SULTANS OF SWAP: BP Potentially More Devastating then Lehman!

------------

 

 

 

 

 

Gulf Loop Current Stalls from BP Oil Disaster: Global Consequences if Current Fails to Reorganize Signs of the Times

Oceanographic satellite data now shows that as of July 28, the Loop Current in the Gulf of Mexico has stalled as a consequence of the BP oil spill disaster. This according to Dr. Gianluigi Zangari, an Italian theoretical physicist, and major complex and chaotic systems analyst at the Frascati National Laboratories in Italy.

gulf current stalls This could be the most significant man-caused Earth Changes news thus far in my lifetime. This morning, Lesie Pastor informed the New Energy Congress of a report by Your Own World USA that as of July 28, Oceanographic satellite data now shows that the Loop Current in the Gulf of Mexico has stalled as a consequence of the BP oil spill [volcano] disaster. This according to Dr. Gianluigi Zangari, an Italian theoretical physicist, and major complex and chaotic systems analyst at the Frascati National Laboratories in Italy.

He further notes that the effects of this stall have also begun to spread to the Gulf Stream. This is because the Loop Current is a crucial element of the Gulf Stream itself and why it is commonly referred to as the "main engine" of the Stream.

The concern now, is whether or not natural processes can re-establish the stalled Loop Current. If not, we could begin to see global crop failures as early as 2011. Images of The Day After Tomorrow flashed in my head. The disruption of major ocean currents is no small thing. The climate ramifications are massive, worldwide.

The mechanism by which the oil slick could lead to something like this could have to do with
1-the changed viscosity of the water penetrated with oil to great depths due to the Corexit dispersant; and
2- it could have to do with the darkened water attracting more solar heat, increasing its temperature.


Alabama Charges BP, Transocean For BP Gulf Oil Spill Coverup and Using Dangerous Toxic Dispersants The Intel Hub
WKRG News 5 in Alabama reports that the Attorney General of Alabama has filed charges against BP and Transocean for covering up the BP Gulf Oil Spill and using a dangerous and highly toxic choice of chemical dispersants among other things.

BP reverses, admits there’s oil in local waters The Intel Hub

No BP investigation, the Senate blocked it.  Dateline Zero
Anyhow, the far more vulnerable politicians in the House voted 420 to 1 to give the presidential commission investigating the BP oil spill full subpoena power. And the Federal Government is ok, because the less vulnerable members of the Senate blocked it. Bravo! No investigation.



 

GENERAL INTEREST

 

JACKSON HOLE

Bewitched, Bothered, Bewildered, Broke  Weekly Standard

Federal Reserve chief Ben Bernanke short of ammunition Dow Jones

Bernanke Fed Drives Deflation With Zero Rate Policy  ZH

 

More Go Without Life Insurance  WSJ

 

 

FLASH CRASH - HFT - DARK POOLS

 

 

MARKET WARNINGS

 

 

GOLD MANIPULATION

 

 

VIDEO TO WATCH

 

IT IS UNCLEAR WHETHER THIS IS IS PRIVATE PROPERTY OR  PUBLIC ACCESS

WATCH & DECIDE - DISTURBING NONE THE LESS!

 

Peaceful Demonstrator Arrested: 'This Is Free Speech' *Video*

 

 

Is it free speech to hold up an anti-Obama sign in a public venue?

At about 5pm Alaska Time, Thursday, August 26, 2010, security personnel approach Sidney Hill, a lone man peacefully displaying an impeach Obama sign near Pioneer Plaza on the Alaska State Fairgrounds in Palmer. Minutes later, a crowd assembles, additional security forces arrive, and they physically assault the man holding the sign. He’s taken to the ground with force and detained.

An unidentified Alaska State Trooper arrives to physically disperse the crowd, and at several points during the conflict, crowd members yell in support of the demonstrator’s right to speak his message. The demonstrator’s personal firearm is confiscated by fair security, and he is held captive until Palmer police arrive to escort the man away in cuffs.

Sidney Hill was in jail awaiting a pre-trial at 1:00pm on August 27, 2010 at the Palmer Courthouse. He has been charged with Assault 4-Cause Fear Of Injury, Disorderly Conduct-Challenge To Fight, and Criminal Trespass 2- Upon Premises. However, according to the Valley Frontiersman newspaper, “Assistant District Attorney Trina Sears said her office decided not to prosecute Hill on the assault charge.” The Alaska State Fair, Inc. contracted security and traffic control to StarPlex, a firm located in the Northwest Lower 48.

If Mr. Hill’s demonstration was peaceful, then his free speech rights seem to have been violated, though we are not completely clear on Alaskan, county and city laws in regards to what is deemed a public venue. If, however, security personnel took Mr. Hill’s sign, by force, should they have not also removed the t-shirts of any fairground visitors who were displaying messages supporting political candidates or ideas deemed to be controversial by an arbitrary party?

Mr. Hill made calls for the media. But no one showed up - at least not from the mainstream.

Luckily, video cameras were present, otherwise it is likely that Mr. Hill’s assault charges would be pursued to the full extent of the law. In a perfect world, exactly the opposite would happen, and those who were responsible for the assault, detainment, arrest and falsification of charges against Mr. Hill would be the ones facing charges.

 

 

QUOTE OF THE WEEK

 

To paraphrase Oscar Wilde

Investors know the price of everything but the value of nothing.


Author Unknown
In therapy, you have to accept a mistake to move on.  At times, this realization will be painful but in the end it is better for you.  Right now Wall Street is in complete denial and trying to pretend all is well.  Their profits are up but all that is happening is a wealth transfer from taxpayers to this unproductive group.


BUY ANY BOOKb>

 

GET 2 MONTH SUBSCRIPTION TO

 

 MONTHLY MARKET COMMENTARY

BOOKSTORE

PROMOTION  DETAILS

 

 

Gordon T Long is not a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. Of course, he recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and barring that, we encourage you confirm the facts on your own before making important investment commitments.ont>

 

© Copyright 2010 Gordon T Long. The information herein was obtained from sources which Mr. Long believes reliable, but he does not guarantee its accuracy. None of the information, advertisements, website links, or any opinions expressed constitutes a solicitation of the purchase or sale of any securities or commodities. Please note that Mr. Long may already have invested or may from time to time invest in securities that are recommended or otherwise covered on this website. Mr. Long does not intend to disclose the extent of any current holdings or future transactions with respect to any particular security. You should consider this possibility before investing in any security based upon statements and information contained in any report, post, comment or recommendation you receive from him.

 

         

TODAY'S NEWS

MONDAY

08-30-10

AUGUST
S M T W T F S
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31        

ARCHIVAL


TIPPING POINTS

1-SOVEREIGN DEBT & CREDIT CRISIS

2-EU BANKING CRISIS
3-BOND BUBBLE

4-STATE & LOCAL GOVERNMENT

5-CENTRAL & EASTERN EUROPE
6-BANKING CRISIS II
7-RISK REVERSAL

8-COMMERCIAL REAL ESTATE

9-RESIDENTIAL REAL ESTATE - PHASE II
10-EXPIRATION FINANCIAL CRISIS PROGRAM
11-PENSION CRISIS

12-CHRONIC UNEMPLOYMENT

13-GOVERNMENT BACKSTOP INSUR.
14-CORPORATE BANKRUPTCY
 

15-CREDIT CONTRACTION II

16-US FISCAL IMBALANCES
17-CHINA BUBBLE
18-INTEREST PAYMENTS
19-US PUBLIC POLICY MISCUES
20-JAPAN DEBT DEFLATION SPIRAL
21-US RESERVE CURRENCY.
22-SHRINKING REVENUE GROWTH RATE
23-FINANCE & INSURANCE WRITE-DOWNS
24-RETAIL SALES
25-US DOLLAR WEAKNESS
26-GLOBAL OUTPUT GAP
27-CONFIDENCE - SOCIAL UNREST
28-ENTITLEMENT CRISIS
29-IRAN NUCLEAR THREAT
30-OIL PRICE PRESSURES
31-FOOD PRICE PRESSURES
32-US STOCK MARKET VALUATIONS
33-PANDEMIC
34-S$ RESERVE CURRENCY
35-TERRORIST EVENT
36-NATURAL DISASTER

 

READING THE RIGHT BOOKS?

 

NO TIME?

 

WE HAVE IT ANALYZED & INCLUDED IN OUR LATEST RESEARCH PAPERS!

 

ACCEPTING PRE-ORDERS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Book Review- Five Thumbs Up for Steve Greenhut's Plunder!  Mish

 

 

   

 

Fair Use Notice

Fair Use Notice

This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes.

 

If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.   

 

 

l Fractal Research l Secrets of the Pyramids l Φ Research l Platonic Solids l 6T Development Site

 

E-Mail


 
Gordon T Long is not a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. Of course, we recommend that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and barring that, we encourage you confirm the facts on your own before making important investment commitments.

Copyright and Disclaimer

© Copyright 2010, Gordon T Long. The information herein was obtained from sources which the Gordon T Long. believes reliable, but we do not guarantee its accuracy. None of the information, advertisements, website links, or any opinions expressed constitutes a solicitation of the purchase or sale of any securities or commodities. Please note that the Gordon T Long. or its principals may already have invested or may from time to time invest in securities that are recommended or otherwise covered on this website. Gordon T Long does not intend to disclose the extent of any current holdings or future transactions with respect to any particular security. You should consider this possibility before investing in any security based upon statements and information contained in any report, post, comment or recommendation you receive from us.