Daily Digest

Daily Digest 1/24 - Market Outlook 2012, QE-Cating, Dwelling In Uncertainty

Tuesday, January 24, 2012, 10:46 AM
  • Market Outlook: Why 2012 Will Be Way Better Than 2011
  • Going Back to the Future: Militia Model Could Cut U.S. Expenditures
  • QE-Cating
  • Does The European Central Bank Have A Real Plan To Rescue The Euro?
  • Dwelling in Uncertainty
  • Paychecks, Perception, Propaganda And Power
  • George Soros on the Coming U.S. Class War
  • Outrage over Dams Being Built as Part of India's Hydro Energy Scheme
  • Petrobras Design New GTL Process to Create Cheap Oil from Natural Gas

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Economy

Market Outlook: Why 2012 Will Be Way Better Than 2011 (David B.)

Though it didn’t seem like it at the time, it was my good fortune to experience the worst years of a 14-year secular Bear, then a 17-year secular Bull. Now, from the vantage point of one who has seen two generational secular moves, I concluded the markets were becoming labored by 2000. That caution allowed us to completely sidestep the dot-com-boom. However, it wasn’t easy to convince our clients that something purchased for 300 times earnings should be sold in that glorious new era! Many read too much and believed the hype just as many read too much today and believe the gloom and doom.

Going Back to the Future: Militia Model Could Cut U.S. Expenditures (Chris M.)

The new Air-Sea Battle concept will be part of this new strategy and will require a range of capabilities to include submarines, stealth aircraft, space surveillance, anti-satellite weapons and long-range strike platforms to counter anti-access and area-denial weapons being fielded by potential adversaries. Such a strategy will be resource-constrained.

QE-Cating (Ilene)

The indexes we track finished this week above Phil’s targets, and XLF finished this week at $14.14. This would normally be very bullish if it wasn’t for the notable lack of volume, which is a warning sign. As the old saying goes, “volume equals validity” in the markets. Without volume a rally becomes difficult to believe in.

Does The European Central Bank Have A Real Plan To Rescue The Euro? (David B.)

The ECB confounds most investors by not cutting interest rates while the Federal Reserve and other central banks around the world prepare to go easy with interest rates should the euro-zone problems encroach on their economies.

Dwelling in Uncertainty (kelvinator)

With most analysts dismissing the likelihood of recession, I have been vocal about ongoing recession concerns not because I want to align myself with one side, but because the investment implications are very asymmetric. A slow but steady stream of modestly good economic news is largely priced in by investors, but a recession and the accompanying earnings disappointments would destroy some critical pillars of hope that investors are relying on to support already rich valuations. - John Hussman

Paychecks, Perception, Propaganda And Power (JimQ)

Without a constant irritating presence in the heart of NYC and other large cities, the Occupy Movement appears to have lost steam. I’ve been trying to figure out how and why this happened. The issues that motivated the protests have not gone away. The despicable MF Global crime, committed by a hall of shame member of the .01% – Jon Corzine – has proven beyond a shadow of a doubt the Wall Street/Washington DC criminal conspiracy is alive and well. Unless you have been sitting in line at a Wal-Mart for the last two months to get a $3 waffle-maker, you saw young people across the country tear gassed, shot with rubber bullets, maced, bludgeoned, and brutalized by the paid thugs of the ruling oligarchy on a daily basis.

George Soros on the Coming U.S. Class War (kelvinator)

At times like these, survival is the most important thing,” he says, peering through his owlish glasses and brushing wisps of gray hair off his forehead. He doesn’t just mean it’s time to protect your assets. He means it’s time to stave off disaster. As he sees it, the world faces one of the most dangerous periods of modern history—a period of “evil.” Europe is confronting a descent into chaos and conflict. In America he predicts riots on the streets that will lead to a brutal clampdown that will dramatically curtail civil liberties. The global economic system could even collapse altogether.

Energy

Outrage over Dams Being Built as Part of India's Hydro Energy Scheme (James S.)

In demonstrations barely reported in the media, peasants and students in the North-eastern Indian state of Assam are fighting together against a proposed gargantuan network of dams across the upper reaches of its rivers in Arunachal Pradesh, one of the world’s six most seismically active regions. The movement has gathered impressive momentum against a project that threatens devastating environmental, demographic and socio-economic impact.

Petrobras Design New GTL Process to Create Cheap Oil from Natural Gas (James S.)

At the heart of the process are two banks of modular reactor blocks. Using an advanced derivative of plate and fin heat exchanger technology, these reactors allow the precise control of heat and gas flow over proprietary metal-supported structured catalysts, located in a regular array of thousands of closely spaced channels. It’s looking like a factory mass production plan instead of custom built installations.

Article suggestions for the Daily Digest can be sent to [email protected]. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the "3 Es."

5 Comments

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4061
IMF slashes world growth outlook as euro zone weighs

UK readers please notice #14 and #15

Headlines:

  1. S&P downgrades France's wealth fund, 3 banks
  2. Bank of Japan Trims Growth Forecast
  3. Spain Halts Plan to Privatize Main Airports
  4. Exporter Japan eyes first trade deficit in 3 decades
  5. Britain's Net Debt Hits Record £1.0 Trillion
  6. Japan Won't Meet Budget Goal By FY20 and Japan Fiscal Pressure Rises as Tax Increase Not Enough: Economy
  7. EIA lowers US shale gas estimate
  8. Mortgage Writedowns Could Cost Taxpayers $100 Billion
  9. European Stocks Decline as Greek Debt-Relief Talks Reach Impasse
  10. Fears Mount That Portugal Will Need a Second Bailout
  11. Italy yields 50 billion euros after cracking down on tax fraud
  12. Greece 2011 Central Government Deficit Revised Slightly Higher
  13. Hungary's 2011 Cash-Flow Budget Deficit 10% Wider Than Expected
  14. Drivers face chronic fuel shortages and soaring petrol prices as one of the UK's biggest refineries goes bankrupt
  15. Petroplus bankruptcy: Government 'confident' no petrol shortage as refinery stops sales
  16. Portuguese Bondholders Fret Over Cut ("would include a Greek-model haircut for private-sector bondholders")
  17. La. budget shortfall projected to be nearly $900M
  18. IMF urges Europe to build bigger firewall around Italy and Spain
  19. CalPERS earns 1.1% on investments in 2011("falls short of the 7.75% average that actuaries say CalPERS needs to meet obligations")
  20. Iranian Currency Crashes 80 Percent in One Month
  21. S&P says likely to declare Greece in default
  22. Irish house prices fell by 16.7% in 2011
  23. IMF slashes world growth outlook as euro zone weighs
  24. IMF: European Debt Poses Risk to U.S.
  25. Euro could collapse in 24 hours if a member leaves, warns Athens

 

Doug's picture
Doug
Status: Diamond Member (Online)
Joined: Oct 1 2008
Posts: 3125
talk on the street

On Bloomberg TV today the talk is that Greece is defaulting or will default shortly, but the rest of the Euro countries have effectively insulated themselves from contagion.  What to the bright lights here think about that thesis and what effects will there be in the US?

Tall's picture
Tall
Status: Platinum Member (Offline)
Joined: Feb 18 2010
Posts: 564
Decline in fossil fuels

Two reports today- coal and shale gas supply estimates for the long term have been downgraded.

DOE report projects greater coal production drop: http://sundaygazettemail.com/News/201201230133

DOE slashes gas estimate for Marcellus shale: http://wvgazette.com/News/201201230214

woomera's picture
woomera
Status: Bronze Member (Offline)
Joined: Nov 8 2008
Posts: 44
Great Article with Gerald Celente

 G'Day,  Just read a great article:

http://www.thedailybell.com/3526/Staff-Report-Celente-Interview

DailyBell  

Gotta Luv this guy!  Tells it like it is.

Regards,

Woomera

 

 

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4061
George Soros....."collapse of global economy"

 

'There will be riots on streets of America': George Soros predicts class war in U.S. as euro triggers collapse of global economy

......Sort of a repeat of the news sent in by kelvinator (above), but this headline will grab your attention.

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