16 July 2010

Hyper Report - 100716



First...
Law Remakes U.S. Financial Landscape
Congress approved a rewrite of rules touching every corner of finance, from ATM cards to Wall Street traders, in the biggest expansion of government power over banking and markets since the Depression. This 2,300 page job killing bill, to be signed into law soon by Odrama, marks a dramatic change for the financial-services industry. Not only does it loosely regulate banks like JP Morgan and Goldman Sachs, but it also duplicates civil-rights initiatives for Minorities and Women, in section 342 of the bill, with provisions that will cost millions to enforce. Great more loopholes and money draining regulations for business.... Well, if you haven't already, you may as well say good-bye to the recovery.

Next...
Lost Decade: The New Threat To The U.S. Economy
The risk of a double-dip recession is getting a lot of attention, but even that grim prediction could prove a little too optimistic. Disappointing job reports, weakness in housing and consumer spending and problems in world financial markets have raised concerns about the U.S. economy stalling out later this year. A lost decade, or something like it, could feel like a never-ending recession to many Americans.

Next...
Fed to Mull Stimulus moves Just in Case
Federal Reserve officials agreed in June that it would be a good idea to study what to do if the economy were to worsen severely - they are even considering more stimulus and continue to keep short-term interest rates low. In other words, lets make the debt and our situation worse in the long run.

Next...
U.S. Tomahawk Missiles Deployed Near China Send Message
Well, this is a surprise to everyone including the Chinese. Modified Ohio-class Boomers, or missile, submarines started appearing in Pusan South Korea and Subic Bay in the Philippines recently. U.S. officials deny that any message is being directed at Beijing; however, each vessel packs the firepower of multiple surface ships. To make the situation more unsettling for everyone, the submarines aren't the only new potential issue. Two major military exercises involving the U.S. and its allies in the region are now under way. Does anyone see a potential Black Swan event here?

Finally, Please prepare now for the forthcoming economic, and subsequent social, unrest that will hit the US.

Good Day



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