Sunday, October 31, 2010

Top CD Rates


You can often get higher than advertised rates at your local branch if you do your homework. Print out the "Highest CD Rate Survey" and bring it in with you.



If you want to negotiate for better rates at your local bank, then print out some of the advertisements showing rates advertised on your bank's competing web sites so you have proof. (Make sure the date shows on your printout so they know it is current.)


Term Highest
Rate (APY)
Where?
(Click link for Full Rate Sheets)
6 Month CD 1.16% Aurora Bank
1 Year CD 1.51% Melrose CU &
1.49%@ Bank of Internet
1 Yr US Treasury 0.23% US Treasury Rate Quote
18 - Month CD 1.55% Aurora Bank
2 Year CD 1.76% Melrose CU &
1.72% @ Aurora Bank
3 Year CD 2.27% Melrose CU
4 Year CD 2.52% Melrose CU
5 Year CD 3.03% Melrose CU
5 Yr US Treasury 1.22% US Treasury Rate Quote
7 Year CD 3.49% PenFed CU
10 Year CD 3.00% Discover Bank
10 Yr US Treasury 2.47% US Treasury Rate Quote


Rates and terms may change so read the fine print and make sure you get FDIC insurance!!!!

Friday, October 29, 2010

Jas: Bill Gross Is a Shameless Crook


-------- Original Message --------
Subject: Bill Gross Is a Shameless Crook
Date: Fri, 29 Oct 2010 07:29:53 -0700
From: Jas Jain


Bill Gross Is a Shameless Crook

Looks like lot of people have caught on to Bill Gross's bad record in forecasting the bond market. Please see the blog quotes below. How does someone with such a bad record in forecasting the bond market make money? By being in bed with the US govt just like the Crooks at Goldman Sachs. This Crook has made billions of dollars at the expense of the US taxpayers via influencing the govt policies regarding Fannie, Freddie and the mortgage market. Stealing from the US taxpayers is the favorite pastime for America's banking and finance Crooks. Federal Reserve's policies are specifically designed to help Corporate Crooks, in general, and banking and finance Crooks, in particular. All at the expense of who?

Don't forget Gross's famous quote regarding govt artificially lowering rates on existing mortgages that don't qualify: "It is not legal and it is not fair, but I support it." The Crook wants to make tens of billions more if his prescription is adopted by the USG. Why is this Crook not in jail?

Jas

-x-x-x-x-x-x-x-x-x-x-x-x-

Update: PIMCO's Bill Gross has called end of bond rally before

http://www.calculatedriskblog.com/2010/10/update-pimcos-bill-gross-has-called-end.html

 

Gross forecast that benchmark Treasury yields will range higher than previously thought, prompting him to acknowledge he is now a "bear market manager" after a quarter of a century as the global bond market's most powerful bull.

On June 7, 2007, the ten year Treasury yield was 5.1%.

 

From Bloomberg on March 27, 2010: Pimco's Bill Gross Says Bonds Have Seen Best Days

"Bonds have seen their best days," Gross said in a Bloomberg Radio interview ... Yields on two-year U.S. Treasury notes are likely to rise to 1.25 percent to 1.5 percent from 1.08 percent in the next year as the economy strengthens and the Federal Reserve begins to increase interest rates, Gross said.

On March 26, 2010 the Ten Year Treasury yield was 3.86% (now 2.65%)


Thursday, October 28, 2010

Fouad Ajami - one smart man! -- Karzai and the Scent of U.S. Irresolution


-------- Original Message --------
Subject: Re: Fouad Ajami - one smart man! -- Karzai and the Scent of U.S. Irresolution
Date: Thu, 28 Oct 2010 15:08:15 -0700
From: Jas Jain


Date:  Oct 28, 2010 at 2:00 PM

Subject: Fouad Ajami - one smart man!
In a nation full of born-and-bred dopes anyone who is not is a smart man! US needs to outsource its economic policies and the govt to the Germans and the Swiss. It is idiocy to put power in the hands of Bernanke and Obama. Not that GW Bush and Greenspan were any better. Only the Crooks survive the race to the top! System of the Crooks is firmly entrenched.
Jas
-x-x-x-x-x-x-x-x-x-x-x-

http://online.wsj.com/article/SB10001424052702303341904575576342977166312.html

Karzai and the Scent of U.S. Irresolution

Our longest war is now being waged with doubt and hesitation, and our ally on the scene has gone rogue, taking the coin of our enemies and scoffing at our purposes.

By FOUAD AJAMI

'They do give us bags of money—yes, yes, it is done, we are grateful to the Iranians for this." This is the East, and baksheesh is the way of the world, Hamid Karzai brazenly let it be known this week. The big aid that maintains his regime, and keeps his country together, comes from the democracies. It is much cheaper for the Iranians. They are of the neighborhood, they know the ways of the bazaar.

The remarkable thing about Mr. Karzai has been his perverse honesty. This is not a Third World client who has given us sweet talk about democracy coming to the Hindu Kush. He has been brazen to the point of vulgarity. We are there, but on his and his family's terms. Bags of cash, the reports tell us, are hauled out of Kabul to Dubai; there are eight flights a day. We distrust the man. He reciprocates that distrust, and then some. Our deliberations leak, we threaten and bully him, only to give in to him. And this only increases his lack of regard for American tutelage. We are now there to cut a deal—the terms of our own departure from Afghanistan.

The idealism has drained out of this project. Say what you will about the Iraq war—and there was disappointment and heartbreak aplenty—there always ran through that war the promise of a decent outcome: deliverance for the Kurds, an Iraqi democratic example in the heart of a despotic Arab world, the promise of a decent Shiite alternative in the holy city of Najaf that would compete with the influence of Qom. No such nobility, no such illusions now attend our war in Afghanistan. By latest cruel count, more than 1,300 American service members have fallen in Afghanistan. For these sacrifices, Mr. Karzai shows little, if any, regard.

In his latest outburst, Mr. Karzai said the private security companies that guard the embassies and the development and aid organizations are killer squads, on a par with the Taliban. "The money dealing with the private security companies starts in the hallways of the U.S. government. Then they send the money for killing here," Mr Karzai said. It is fully understood that Mr. Karzai and his clan want the business of the contractors for themselves.
...

Americans were giving away their fatigue. Why not accept the entreaties from Tehran?

A year ago, the U.S. ambassador to Kabul, Karl Eikenberry, laid out the truth about Mr. Karzai and his regime in a secret cable that of course made its way into the public domain. "President Karzai is not an adequate strategic partner," Mr. Eikenberry wrote. The Karzai regime could not bear the weight of a counterinsurgency doctrine that would win the loyalty of the populace. There were monumental problems of governance but "Karzai continues to shun responsibility for any sovereign burden, whether defense, governance, or development. He and much of his circle do not want the U.S. to leave and are only too happy to see us invest further. They assume we covet their territory for a never-ending war on terror and for military bases to use against surrounding powers." In Mr. Eikenberry's cable, Mr. Karzai is a man beyond redemption, who was unlikely to "change fundamentally this late in his life and in our relationship."

In one of his great tales of the imperial age, "Lord Jim," Joseph Conrad depicts the encounter between a criminal and a noble figure. "Gentleman" Brown and a band of robbers had come into Tuan Jim's domain—a small world, Patusan, where Jim's writ ran and the natives honored and deferred to him. Everything was on the side of Jim—possession, security, power. But Brown senses the hidden irresoluteness of Jim, a man who had come to this remote, small world in the Pacific in search of redemption. We are equal, says Brown: "What do you know more of me than I know of you? What did you ask for when you came here?" Jim pays with his life. He had let the ruffian set the terms of the encounter.

A big American project, our longest war, is now waged with doubt and hesitation, and our ally on the scene has gone rogue, taking the coin of our enemies and scoffing at our purposes. Unlike the Third World clients of old, this one does not even bother to pay us the tribute of double-speak and hypocrisy. He is a different kind of client, but then, too, our authority today is but a shadow of what it once was.

Mr. Ajami is a professor at The Johns Hopkins University School of Advanced International Studies and a senior fellow at Stanford University's Hoover Institution.

 

RE Bill Gross says 30 yr bull market in bonds is over


-------- Original Message --------
Subject: RE: [Bill Gross] 30 yr bull market in bonds is over
Date: Thu, 28 Oct 2010 04:47:29 -0700
From: Jas Jain

Date: Thu, 28 Oct 2010 01:10:40 +0100
Subject: 30 yr bull market in bonds is over
To: jas_jain

http://www.calculatedriskblog.com/2010/10/pimcos-gross-30-year-bull-market-in.html
They call him bond king. He must be right :)
 
A gal on CNBC pointed out that he has been calling for the end of the bull market in US Treasuries for years. After this Crook hired evildoer Greenspan, in 2006?, he raised his range for 10-year Note from 3-4.5% to 4-6.5%! At the time, Greenspan himself said the 10-Year yield would go to 6-8%. Maybe, after Greenspan is dead.
 
It is the Crooks like Bill Gross and evildoers like Bernanke and Greenspan (someone on CNBC blamed these two evildoers for the problems, finally), financial manipulators all, that America is in the troubles it is today. Born-and-bred American dopes suffer from the Cult of Personality; therefore they are lot more likely to listen to Gross than some crank with far superior record in forecasting US Treasuries. Americans have been screwed by the System of the Crooks. And there is no change. Americans vote to get screwed more! The dopes can't get enough!! Dopes have no one to blame but themselves for actively supporting Crooks.
Jas



Wednesday, October 20, 2010

Core Inflation US vs Japan

Saturday, October 16, 2010
Flat COLA: No Social Security Cost of Living Adjustment for 2011


-------- Original Message --------
Subject: Deflation Watch: A Picture Worth a Thousand Words & More
Date: Tue, 19 Oct 2010 13:52:24 -0700
From: Jas Jain


Deflation Watch: A Picture Worth a Thousand Words & More

Just Call Him Bernanke-sama by Paul Krugman:

http://krugman.blogs.nytimes.com/2010/10/18/just-call-him-bernanke-sama/

 

Please see the attached graph courtesy of SF Fed via Krooksman's column. Americans are right when they claim, "we are not Japan." You bettcha. In particular, America's economic leadership is far more immoral than that of Germany and Japan. Bernanke is just a case in point. He is like American and Nazi doctors doing medical experiments on the Negroes and the Jews. He is conducting economic experiments that are horrendous for the savers and the working folk as well as for the economy as a whole. Krooksman and many other neo-Keynesians keep complaining about Bernanke not doing enough without understanding that Bernanke has his job solely to keep the bankers happy. He is in no position to help the economy other than thru helping the bankers. Plus he doesn't know what to do except that he must keep doing something in case it might work and to avoid criticism.

Jas

Monday, October 18, 2010

Steve Kalafe Politicians Are the New Mob

-------- Original Message --------
Subject: "Politicians Are the New Mob"!
Date: Mon, 18 Oct 2010 16:47:31 -0700
From: Jas Jain

"Politicians Are the New Mob"!

That is the conclusion of one Mr. Steve Kalafer, the producer of the film Soprano State, based on the book with the same title about corruption in the State of New Jersey, who appeared on Bloomberg. Mobs thrive in a democracy because there is no other form of govt that is easier to control with money and payoffs. Actually, the mob had principles and was more reliable in terms of keeping its word. It provided security at a lower cost! And it took far greater risks than the political gangsters. Since democracy is the problem elections can't be a solution.

We are dealing with a morally bankrupt economic and political leadership in America that came to power via corruption derived from the vote. For example, evildoers Greenspan and Bernanke, exclusively serving Financial Nazis of America with their polices of Asset Inflation and Pushing Debt, were appointed by Reagan and GW Bush and have been reappointed at every opportunity by Democrats. These two evildoers have had more power over the past 23 years than all the five Presidents over the same period combined. A degenerated system to rule over the people that the Founders could have never imagined. The Constitution stinks from all the "chitting" and peeing over it by the Congress, the Presidents and the Supreme Court. When liars (politicians and political appointees) take an oath to defend the Constitution does it mean anything? We can count on Americans to vote for the abusers of the Constitution. They have been trained to do it.
Jas 

Friday, October 15, 2010

Collapse of the global economy is highly likely


-------- Original Message --------
Subject: FWC: "There is a systemic fraud model of an institution [Central Banks]"
Date: Fri, 15 Oct 2010 09:48:14 -0700
From: Jas Jain


"In an interview with derStandard.at, he explains why we can confidently ignore the banks, the free-market "bubble machine for the elites to abuse" and threatened more in the next three years, the collapse of the entire system."

The face of evil in America and in the world today is that of Ben Bernanke and people like him. Bernanke is part of a financial manipulation cabal, led by Goldman Sachs, that now has complete control of the US econo-political system. This cabal is independent of the two political gangs and the "democratic" political process. The American voters are impotent, Tea Party or no Tea Party. The current economic system is non-linear and unstable. Collapse of the global economy over the next three years is highly likely. China would be able to deal with the resulting depression much better because all Chinese would be able to see far worse problems, including widespread violence, in America and India. When things get very bad being relatively better is important. The day when democracy would be discredited is getting close.

Jas

-x-x-x-x-x-x-x-x-x-x-x-

http://translate.google.com/translate?hl=en&sl=auto&tl=en&u=http%3A%2F%2Fderstandard.at%2F1285200656759%2FderStandardat-Interview-Banken-erfinden-Geld-aus-Luft

 

derStandard.at interview

"Banks invent money out of air"

Daniela Rome | 13 October 2010, 07:05

"There is a systemic fraud model of an institution, the economic system monopoly to create money through loans is given in our" says Franz Hörmann.

Why the financial system is a fraud model, which have budgets to do so and why the ultimate crash risk, says the Viennese economist Franz Hörmann

 

For Franz Hörmann, a professor at the University of Economics in Vienna, is the time for banks and money over. A paradigm shift both in economics, and in general social terms, is essential for him. In an interview with derStandard.at, he explains why we can confidently ignore the banks, the free-market "bubble machine for the elites to abuse" and threatened more in the next three years, the collapse of the entire system.

 

They assume that society and the economy in the coming years will change completely. Does our current financial and economic system had its day?

 

Franz Hörmann: Definitely in every way. Because we use from the perspective of law and economics models, which go back to the ancient Romans. The compounding system is from the second millennium BC, the double-entry bookkeeping in the 15th Century. And there is no area of our society and the sciences, where methods of this age are still taken seriously. But it serves to maintain social elite rich and powerful, so nothing changes.

Monday, October 11, 2010

George Soros - Goldman Sachs : Rule by money men

Monday, October 11, 2010
George Soros Market Outlook - Says End Bush Tax Cuts

Soros says it is "tragic" that the Republicans want to satisfy their contributors who want a tax cut rather than the general good of the public. He seems amazed "they managed to get the whole public to buy into it."

-------- Original Message --------
Subject: RE: The predictable progression of democracy: Rule by money men . . .
Date: Mon, 11 Oct 2010 11:58:20 -0700
From: Jas Jain

To: Jas_Jain
Subject: The predictable progression of democracy: Rule by money men . . .
Date: Mon, 11 Oct 2010 11:23:11 -0700

http://www.truthdig.com/report/item/the_shadow_class_war_of_2010_20101010/

A Glimpse Into the Heart of a Rotten System:

http://www.truthdig.com/arts_culture/item/inside_job_a_glimpse_into_the_heart_of_a_rotten_system_20101008/?ln

 

Not just any money men but money men who have turned evil and have taken effective control of the two political gangs, e.g., Goldman Sachs' influence on both parties, to make more moeny at the expense of the rest. Only dopes can be made to believe that the two political gangs represent the interests of those who vote for them, or are democratic. Americans are duped to vote for one of the two gangs. Only the collapse of the system that would result in widespread violence would relieve Americans of their political misery; the vote simply cannot.

Jas



Since 12/31/98 "Kirk's Newsletter Explore Portfolio" is UP 174% (a double plus another 74%!!) vs. the S&P500 UP a tiny 15.2% vs. NASDAQ  UP a tiny 9.6%   (All through 10/11/10) 
 

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2010 YTD the "Explore Portfolio" is up 6% YTD

Friday, October 8, 2010

We Could See a Huge Rebound in the Dollar

-------- Original Message --------
Subject: RE: Singapore Dollar (SGD)‏
Date: Fri, 8 Oct 2010 14:29:28 -0700
From: Jas Jain


>>Despite my long-term pessimistic view of the US economy the USD seems

under-valued against most fiat currencies<<

 

It is coming soon, Good weekend

http://www.growthstockwire.com/archive/2010/oct/2010_oct_05.asp

 

Thanks. -- Jas

-x-x-x-x-x-x-x-x-x-x-

 

We Could See a Huge Rebound in the Dollar Right Here
By Jeff Clark

By now, we all know everything is linked to the dollar – in an opposite sort of way.

When the dollar goes down, we get a rally in stocks, bonds, and commodities. When the dollar goes up, everything else hits a rough patch. So it's important to keep an eye on the greenback and to look for clues to when it's about to change direction.

Accurate predictions are always hard to make. But we've done pretty well forecasting the dollar moves here in Growth Stock Wire over the past year. We turned bullish on the buck last September and then reiterated that bullish view in November. The greenback rallied 17% in seven months.

On June 8, we turned bearish on the dollar – within one day of the exact top.

Since then, the buck has dropped 12% in four months.

Here's how it looks on the chart...


Now it's time for another prediction... The dollar is poised for a strong bounce higher.

Investor sentiment toward the greenback has shifted from wildly bullish to overwhelmingly bearish. It's hard to find anyone who will say anything positive about the dollar, today. And the most popular trade in the currency market these days is to be short the greenback.

We're basically back in the same position as last November. Only this time, the decline heading into this position has been much steeper. So the bounce coming out could be steeper as well. Let's take a different view of the chart...


This is a remarkably steep falling-wedge pattern. These patterns usually break suddenly to the upside – and the steeper the pattern, the more violent the move.

There's still room for the dollar to fall a little more before hitting the support line on the chart. But there's a ton of risk for a quick reversal.

 

If you're buying stocks, bonds, or commodities on the premise of a lower dollar, you may want to hold off on that idea until after we get a strong bounce in the buck.

And if you're looking for a reasonable speculation, buying the greenback right here looks pretty good to me.

Best regards and good trading,

Jeff Clark
 

Singapore Dollar (SGD)


-------- Original Message --------
Subject: Singapore Dollar (SGD)
Date: Fri, 8 Oct 2010 07:45:54 -0700
From: Jas Jain


Singapore Dollar (SGD)

One of the primary reasons for Singapore to be the best-governed country is its near-optimal size for a political unit that faces no external threats to its security. This was also the case for many German "free city states" under the Austrian Empire. That was one reason why Germany became the leading industrial nation during late 1800s overtaking France and the UK. The same also applied to the US during the period because the US economy was not centralized. Today, the highly centralized US economy, in terms of its economic policies and financial system, is too big to succeed. This centralization has also resulted in giving control of the US govt and economy to an organized criminal gang. The economic policies are directed towards helping the Crooks that caused the problems in the first place. That is why many people have been looking to diversify their holdings from the USD into other currencies including gold. Unfortunately, these people have been too tardy. SGD, along with GOLD and CHF (Swiss franc), is a good candidate for this diversification because it is very nimble in responding to changes, but the timing is not the best, as can be seen from the attached chart. Yesterday, CHF made an all-time high against the USD in inflation adjusted terms. SGD is getting there. Despite my long-term pessimistic view of the US economy the USD seems under-valued against most fiat currencies because I don't expect US to suffer inflation problem until after the collapse of the current global financial system. Once that happens all bets are off on the USD and the USTs.

Jas
--  

Thursday, October 7, 2010

Fwd: FWC: TARGETING ASSET VALUES ... AGAIN? By David Rosenberg


-------- Original Message --------
Subject: FWC: TARGETING ASSET VALUES ... AGAIN? By David Rosenberg
Date: Thu, 7 Oct 2010 15:32:51 -0700
From: Jas Jain

TARGETING ASSET VALUES ... AGAIN? By David Rosenberg

The Greenspan-Bernanke Fed, especially since 1997, has been in Asset Inflation business to help Bankrupters and Fraudsters of New York City and Corporate Crooks of America perpetrate fraud on the public. Only economics ignoramuses can fail to see that the cabal that dominates financial manipulation also dominates the Fed and other govt polices related to the economy. The "bubbles" were driven by fraud. Only dopes believe that keeping housing prices higher, artificially, via various govt polices is good thing. 

Jas

-x-x-x-x-x-x-x-x-x-

David Rosenberg; 10/05/10

TARGETING ASSET VALUES ... AGAIN?

Brian Sack, a senior official at the New York Fed, had this to say about the powers of quantitative easing in a speech he just delivered:

"Some observers have argued that balance sheet changes, even if they influence longer-term interest rates, will not affect the economy because the transmission mechanism is broken. This point is overstated in my view. It is true that certain aspects of the transmission mechanism are clogged because of the credit constraints facing some households and businesses, and it is true that monetary policy cannot directly target those parties that are the most constrained. Nevertheless, balance sheet policy can still lower longer-term borrowing costs for many households and businesses, and it adds to household wealth by keeping asset prices higher than they otherwise would be. It seems highly unlikely that the economy is completely insensitive to borrowing costs and wealth, or to other changes in broad financial conditions."

I just love that one comment to the effect that QE "adds to household wealth by keeping asset prices higher than they otherwise would be." When will these guys ever learn that maybe, just maybe, these Fed policies aimed at targeting asset prices at levels above their intrinsic values is probably not in the best interests of the nation? As our friend Marc Faber likes to say, the "Bernanke put" is cut from the same cloth as the fabled "Greenspan put" — only the strike price is different.






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