MOST FULL OF CRAP COLUMNIST I HAVE EVERY SEEN…

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The most full of crap columnist I have ever seen. This same person was popping blood vessels over Bush’s $300 billion deficit but now says $1 trillion-plus deficits are good…and that we need more. An incredible hypocrite of the highest order. Wakes up each morning asking himself how he can make someone look bad. Christie has done a marvelous job in his state…and has a 59% approval rating in a Democratic state. The amazing part about this op-ed is that he doesn’t mention the last governor…you know The Honorary Jon Corzine…who bankrupted the state with his policies. Read what he says: 

“…One general rule of modern politics is that the people who talk most about future generations — who go around solemnly declaring that we’re burdening our children with debt — are, in practice, the people most eager to sacrifice our future for short-term political gain. You can see that principle at work in the House Republican budget, which starts with dire warnings about the evils of deficits, then calls for tax cuts that would make the deficit even bigger, offset only by the claim to have a secret plan to make up for the revenue losses somehow or other…”

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SOURCE: http://www.nytimes.com

WHEN STEINHARDT TALKS, I LISTEN! YOU SHOULD ALSO

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The low interest rate ‘logic’ is not working and “the economy can’t gain any zest, can’t gain any vigor” is how Michael Steinhardt describes the crushing of ‘widows and orphans’ that the Fed has embarked upon. In a Bloomberg TV interview, the WisdomTree chairman notes the broad ‘pall’ over the equity markets (conjuring images of a funereal procession down Trinity Street) pointing out that there is no reason to be wildly bullish here

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SOURCE: http://www.zerohedge.com

WHY NOT JUST SAY 2020?

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 WASHINGTON — Janet L. Yellen, the vice chairwoman of the Federal Reserve, said Wednesday that the lackluster trajectory of the economic recovery might require the Fed to continue its efforts to bolster growth even beyond the end of 2014.

…She said that one economic model used by the Fed suggested that interest rates should be held near zero until late 2015. While others have suggested an earlier increase might be appropriate, she said there still might be reasons to wait, including the insufficiency of current policy and the risk that the economic recovery might falter…

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SOURCE: http://www.nytimes.com

FACTS FACTS FACTS

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The Buffett Tax, because it won’t raise revenue, should be understood mostly as Election-Year demagoguery. And like most demagoguery, it is not well grounded in facts.

The basic argument is that the rich don’t pay their fair share in taxes. Rather than data, President Obama relies on anecdote — that Warren Buffett supposedly pays taxes at a lower rate than his secretary does. Let me present some data to the contrary.

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SOURCE: http://campaign2012.washingtonexaminer.com

HEY IRS…THIS DID NOT COME FROM ME. I AM JUST POSTING

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Have you got your schedule C in order? Have you hunted down all your receipts? Have you made sure to count the depreciation on your laptop and the percentage of your cable bill attributable to your home office expense? And what about those education credits?After all, it’s not like you have anything else to do, right? It’s lucky it’s all so easy and painless. Ha!Everybody hates Tax Day, which comes this year on April 17. And so do I. But not for the usual reasons.This is the time of year when everyone seems to scream about just how much the federal government is costing us all. Weirdly enough, that’s not one of the things that really gets me. It’s the things that apparently no one else — at least no one else in the media — seems to notice.Am I crazy? Am I alone? Maybe. You tell me.

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SOURCE: http://www.smartmoney.com

A GOOD REPORT ON CHINA AND THEIR IOS PENETRATION

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The character of the Chinese economic model is changing. Since the beginning of China’s economic reforms, growth has been driven by investment and exports. Growth in “New China” will be driven by domestic consumption, including service industries like retail, domestic transportation, travel, leisure and health care. Or at least that is the plan.

One area were personal consumption has grown particularly fast is within smartphones. A recent study by mobile research firm Flurry Analytics showed that China has overtaken the United States as the country where most Android and iOS (the two main smartphone platforms) devices were activated.

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SOURCE: http://www.stenvall-skoeld.com

IT IS MUCH WORSE THAN THESE NUMBERS!

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Sorry…I don’t believe this. IT IS MUCH WORSE THAN THESE NUMBERS!

Reuters) – Instead of curbing government spending, President Barack Obama’s healthcare law could add up to $530 billion to the federal debt over ten years, a Republican expert on U.S. government benefit programs said on Tuesday.

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SOURCE: http://www.reuters.com

04/09/2012: GARY ON NATIONALLY SYNDICATED INVESTORS EDGE RADIO BROADCAST

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http://archives.warpradio.com/btr/InvestorsEdge/040918.mp3 JUST LETTING YOU KNOW

The Best News I Can Tell You

Of the past many weeks, I have been telling you that there is one constant: The Commodity based areas were in trouble. They were getting hit hard. They sold off and were breaking support… I told you that I would avoid those areas. This went for Gold and Silver, steel, copper, aluminum, metals/mining, construction, machinery, coal…and anything you drop on your foot and it hurts. That never changed. It kept resolving itself more and more to the downside. So that’s been going on. Despite that, the market was acting fine, until the past week or so. Two weeks ago I told you that all of a sudden the rails were getting distributed hard and the Transports were underperforming. Leading to last week, when I told you we were getting distribution, but with growth stocks still acting fine. Distribution means we have higher volume selling. We also had underperformance in the small- and mid-caps, represented by the Russell 2000 Smallcap 600 and the Midcap 400. And then the Semiconductors broke their 50-day Moving Average. I told you that AMAT and a few others were breaking to the downside. And then Financials, which showed some resistance and never got through it, then started to roll over, breaking near-term support. So Financials started to come in. The other thought I had for you was that yields were going higher. I showed you the charts and told you about them. That leads us into this week. Now, amazingly, the powers that be decided to come out with an employment number on Friday while the markets were closed, except for the bond market. So we get the employment number and it was much less than expected. The consensus was to gain around 240,000 jobs and I think we got 120,000. First off, as you know, I think it’s a fake number. I think it’s all a bunch of BS and they don’t know the number. They guess. And there are other things involved such as the “Birth-Death Model” that they play with. But I think the biggest shenanigans over the past 2 or 3 year has been the major decline among how people who are willing to go into the labor force and look for jobs. Because you can make the unemployment number always look better by saying, “more people are no longer looking for jobs now.”  So the divisor changes. And I told you, I can get the unemployment rate down to 5%. Just take a few million people out of the job market. And that’s what we’ve seen. So we’ve gone from 10% to 8.2% on the unemployment rate, but I’ve got news for you. We’re not gaining anything because they took millions of people out the category of “looking for jobs.” It’s called the participation rate. Go look it up. So while I think the job market has gotten better, it is still woeful. And Friday’s number was not very good. Now on top of all that, before we came in to today, the European markets were starting to sell off pretty decently. The German DAX broke below the 50-day moving average. The Paris, France CAC, same thing. So we walked into a gap to the downside today. Now what does it mean? What do we expect from here? All I can do is go through what we are seeing. The best news I can tell you is that growth stocks have hardly been touched. You know the names (click here to listen to Gary’s show and hear the names) and that’s the good news so far, and I’m fine with that because frankly, I rarely play commodities and while I’ve play financials in the past, I play them small. Most of the Semiconductor companies do not have good earnings, so I don’t touch them. But, the market continues to get serious distribution, there is one fact and there will be one outcome: Eventually, they’ll get growth stocks and they’ll take them down to a certain extent also. But not as of yet.  LISTEN TO GARY LIVE ON WEEKDAYS 6-7 pm EST Best of Investor’s Edge Saturdays 1-2 am EST Gary Kaltbaum owns Kaltbaum Capital Management, LLC (“KCM”), an investment adviser registered with the U.S. Securities and Exchange Commission. The opinions expressed herein are those of Mr. Kaltbaum and may not reflect those of KCM. The information offered in this publication is general information that does not take into account the individual circumstances, financial situation or individual needs of an investor. The information herein has been obtained from sources believed to be reliable, but we cannot assure its accuracy or completeness. Neither the information nor any opinion expressed constitutes a solicitation for the purchase or sale of any security. Any reference to past performance is not to be implied or construed as a guarantee of future results.

$0 IN REVENUES BUT WORTH A $1 BILLION PRICE…WOW!

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Facebook Inc. (FB), the biggest social- networking service, is buying the Instagram mobile photo-sharing application for about $1 billion in cash and stock, using its biggest acquisition yet to attract users of mobile devices.

The transaction is expected to close later this quarter, Menlo Park, California-based Facebook said today in a statement on its site. Facebook Chief Executive Officer Mark Zuckerberg also announced the deal on his Facebook profile page.

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SOURCE: http://www.bloomberg.com

THEY DO NOT EVEN HIDE THEIR BIAS AND AGENDA ANY MORE

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Who are they trying to kid? If bush was still president, this title would be “higher gas prices causing much public anger!” they do not even hide their bias and agenda any more.

Gas prices have soared about 15% in the last six months, hitting $3.94 a gallon on average nationwide, and $4.29 in California.

The mood of motorists? Meh.

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SOURCE: http://articles.latimes.com

 

Higher gas prices cause less public anger this time – Los Angeles Times