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Obama Sues Publishers, Who Respond With A Fundraiser

via NJ:

That best-selling author, Barack Obama, is scheduled to appear at a campaign fundraiser in New York on June 18, hosted by members of the publishing industry.

That would be the same President Obama whose administration filed anti-trust cases against five leading publishers in April, claiming they exercise an abusive monopoly.

In any other field of business, the timing would suggest a classic political shakedown - Nice little literary business you got here. [...]

BUY STOCKS BUY STOCKS BUY STOCKS in real companies who can take advantage of interest rates that are at multi decade lows.

JPM investments are putting the cash on its balance sheet to work by investing in the bond markets in what is suppose to be HIGH AAA LIQUID instruments. THIS IS VOLCKER RULE AT WORK. Clearly the “prop traders” at JPM went a bit further than they should have gone by speculating in derivatives and esoteric type credit related products as so called “hedges”. Note the words “prop” and “hedge”.

 

Now forgetting [...]

Risk OFF: Bernanke says no QE3 coming now

From Bloomberg:

Gold and silver futures tumbled the most in two months on signs that that the Federal Reserve will refrain from offering more monetary stimulus to bolster the U.S. economy.

In testimony before Congress today, Fed Chairman Ben S. Bernanke gave no signal that the central bank will take new steps to boost liquidity. The dollar rose as much as 0.6 percent against a basket of major currencies, eroding the appeal [...]