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"Given the collapse in the share price and the potential for it to fall further, we expect that it could become a takeover target – particularly if its operating position in the US becomes untenable."
Recipients of Supplemental Nutrition Assistance Program subsidies for food purchases totaled 40.2 million, up 21 percent from a year earlier and 1.2 percent more than in February, the Department of Agriculture said yesterday in a statement on its website. The number of recipients has set records for 16 straight months.
What's also interesting about markets being at key inflection points, was summarized a few years back by astro-econ whiz Robert Hitt. He made the incredibly sage observation that when markets are at most delicate inflation points, particularly to the downside, we tend to see mass murder stories and other assaults on our emotions. He said something like "These events are how emotions that might otherwise pour into the market are (something like 'grounded out")".
I've been watching the phenomena ever since - and this was pre-Virginia Tech...and lo & behold out of the UK comes the story about a fellow who killed 12 people and founded another 25 in a shooting spree for no particular reason.
What's really frightening is that it seems to work. If you click over here and see what the British markets did, you can almost smell the manipulation around events. Tuesday, early in the trading session, there were serious lows, which had they broken would have taken out last Thursday's lows and that would have opened the way to a much larger downside break in the British markets.
unemployed job hunters, causing a drop in the area’s unemployment rate to 8.3 percent from 9.3 percent, according to the preliminary, non-seasonally adjusted estimate for April. Read more: www.kansascity.com...
The national unemployment rate, based on a separate survey, is forecast to ease slightly to 9.8% from 9.9%. To top of page
Originally posted by Vitchilo
There's rumors on german financial forums that Merkel will step down and that Germany will go back to the Deutchmark. And as soon as this week end...
That would sure be interesting.
The European Central Bank could easily appease the fears of default which have plagued markets regarding by creating money and giving it to its members, Mosler said.
"My proposal is to put the ECB in a position where governments become dependent of checks from the ECB," he said. "Operationally, it's very simple to do, you just credit their accounts. The Finance Ministers would direct the money."
The central bank could make this an annual distribution, and attach financial discipline conditions to it, such as respecting the EU's Stability and Growth Pact.
The country that does not respect the pact does not get the money, making it a more powerful enforcement mechanism and helping fight speculators at the same time, he explained.
Originally posted by Vitchilo
Well well well, his solution is EXACTLY what Bilderberg pushed for... that the ECB prints lots and lots of money to ``solve the problem``... and of course put all of Europe in economic chains for the bankers.
New studies suggest that ocean currents will carry oil from the spill in the Gulf of Mexico around Florida and up along thousands of miles of Eastern Seaboard waters this summer.