text:
Questions and Answers about our Kindergarteners Program
Is Poko Loko Licensed?
Yes. All Poko Loko Early Learning Centers are fully licensed and have been since their inception in 1965.
Does Poko Loko accept part-time Kindergarteners?
Yes. Children from 15 months through Kindergarten can be either full-time or part-time; part-time enrollment includes part-time by whole day or by morning only. If Kindergarteners are part-time, they should come at least every morning so that they are present for the Kindergarten program. Whole day hours include any time between 6:30 a.m. to 6:00 p.m., while mornings include any time between 6:30 a.m. to 12:00 p.m. Morning hours include our Kindergarten program and meals including lunch. Please ask our directors what days are available.
Is the staff qualified and educated?
Yes. To be a teacher, one must have at least two years of college and six credits of early childhood education. To be a teacher's aide, one must have at least a high school diploma. All of our teachers and aides meet or exceed these requirements. In addition to education, a very important qualification is experience. Our staff is very experienced, and we have very low turnover.
How does Poko Loko prepare for an emergency?
Poko Loko administers a monthly fire drill during which the entire school is evacuated. We also run two tornado drills a year. These drills are performed in order to prepare both our staff and our children for an emergency. In addition, our center is linked to the fire department so if an alarm goes off, the fire department is immediately notified and deployed.
What does Poko Loko do in case of an emergency?
We immediately call 911, perform necessary 1st aid/CPR, and comfort the child. Then we call the parents to let them know about the situation. When emergency help arrives, we follow their instructions.
What are Poko Loko's ratios?
Our ratio for five year olds is one teacher per twenty children, although generally the class has fewer children than this and an assistant teacher.
How will Poko Loko transition my child as she grows up?
Periodically throughout the year children will move up to an older room. The children are usually eager for this move because they are going to a new room that is stimulating and exciting. Their curriculum is getting more challenging, and they will be encouraged to learn and try new things. To help with this change, Poko Loko will let the child visit the new room before she moves. Parents will also be informed of this move and will be asked to sign a Transition form.
Where do Kindergarteners sleep at naptime?
Our children take their naps on cots. Each child has his own cot with a blanket and sheet that is washed at least once a week. If two part-time children share a cot, the linens and cot are washed between uses.
Does Poko Loko provide daily information sheets to parents?
Our children ages two and up do not go home with information sheets about their individual days. Parents are encouraged to talk to their child's teacher about their child's day. If there is a special concern such as potty training, parents should consult with the teacher about any information they would like to have tracked during the day.
Will my Kindergartener have a set schedule?
Yes. Our Kindergarten class follows a stimulating and well organized program every morning from 9:00 a.m. until 11:40 a.m.
The children also create an art project every day. In the afternoon, there is structured play during which the children can choose what they would like to do. During the day the children eat breakfast, two snacks, and lunch together, and they all nap at the same time.
Every month the parents receive the curriculum that their child's class is following. The curriculum includes the special subjects the children are learning about and any special projects they will complete as well as our special songs, books, and activities.
What activities will my child do?
Every morning the children have their preschool activities; these include story time, circle time, music time, etc. Each child also completes a project; the projects include finger painting, easel painting, bingo markers, coloring, etc. The parents receive a copy of our monthly curriculum that indicates our special themes, songs, books, and any special activities. Throughout the day, the children have structured play times; activities during these times include playing with small manipulatives, large manipulatives, dramatic play, reading books, etc.
What will my child eat?
Poko Loko provides a hot and nutritious breakfast prepared by our chef for children who are at the center by 8:00 a.m. The children are fed a snack at about 10:00 a.m. and then again after naptime. Snacks may include fresh fruit, yogurt, cheese and crackers, etc., and milk or juice. Children are served a hot, nutritious, delicious lunch every day. Parents may take a copy of our monthly menu to see what we are serving. Please let your child's teacher know if there is anything your child cannot have.
What do I need to provide for my Kindergartener?
Please leave a weather-appropriate outfit at the center in case we have to change your child for any reason. If your child has a special blanket that comforts him at naptime, please feel free to leave that with us also. Please label your child's clothes and special articles with his name.
Can I visit whenever I want?
Poko Loko has an open door policy with parents; parents are welcome at any time. We just ask that parents keep their child's comfort in mind. A fifteen-minute visit with Mommy or Daddy is wonderful, but often our younger children naturally think that when Mom or Dad comes, this means they are going home. Please try to consider if this situation would be difficult for your little one; as stated above, parents are welcome to visit at any time. Parents can also call to check on their child at any time. If you need to pick up your child in the middle of the day for a doctor's appointment or even for lunch with your coworkers, please just let us know beforehand so that we may have her ready.
Will my Kindergartener get to go outside?
Yes, we have areas for all of our children to play outside. We ask that you leave your child with appropriate outerwear (including hat and gloves if needed) so that he is comfortable while outside. During the summer months, you will be asked to leave a swimsuit or an extra set of clothes so that your child can participate in water play. In the winter months we ask that they have appropriate clothing so that the children can play about in the snow.
What happens when my child is sick?
A child must stay home if he has a temperature of 101ºF or above, has diarrhea, is vomiting, or has an undiagnosed rash. He must also remain at home if he has been diagnosed with something contagious (chicken pox, conjunctivitis, etc.). The child may return when he has been fever or vomiting free for 24 hours or when he is no longer contagious. If he has conjunctivitis, he may return when he has been on the prescribed eye drops for 24 hours. When we have a report that a child has something that is contagious, we will send a note home to the children in his class. Please remember to keep your child home when sick; this will prevent another child from getting it, which then might prevent your child from getting it again. Please also remember how you feel when you are sick; it is very hard on a young one when he has to put in a full day's "work" and he is not feeling well.
What if my child needs medicine?
If your child is on an antibiotic or another medicine and one of the doses has to be given during the school day, please inform your child's director and teacher. You will be asked to complete a short medicine form indicating the dosage and time the medicine should be administered. All medicine must be in the original prescription bottle or in the original over the counter bottle. Please take any medicine home as soon as your child no longer needs it.
What if my child has an allergy?
Parents are asked to keep us informed about any allergies that appear. We will then post a sign with the child's picture on it in his classroom so that caregivers are constantly reminded of this allergy.
Does my child need immunizations?
Every parent is asked to keep their child's immunizations, exams, and tests up to date; we require that parents provide us with a current medical form completed by a doctor and keep us informed (in writing) of any updates. If a child is not able to receive any immunizations at the required age (due to illness, etc.), we ask that the parents get a note from the doctor indicating at what age the child will get them. We appreciate the cooperation of all of our families in this matter. Please remember that our first concern is for the health and safety of all of our children.
Does Poko Loko accept State Aid from families in need?
There are state agencies that offer financial help to families that meet their requirements. We will help parents complete any paperwork that is needed to apply. When a family is approved by the agency, we accept the payment from the organization. The parents are then responsible for the difference between our tuition and the amount that the agency pays. Please talk to one of our directors if you have any questions.
What does Poko Loko do for security?
Poko Loko will only release a child to the child's parents or someone that the parents have named as an approved pick-up person. These people must be included on the registration form, and we ask that the parents inform us when these people will come. Whenever we do not know or recognize someone, we will ask to see a picture ID. Please understand that we are doing this for your child's safety. In addition to this, the entrance doors are locked and have a number-coded entry pad. The parents are given the code when their child starts with us. All of Poko Loko's teachers and employees have been fingerprinted and have had background checks done.


text:
by Dave
Luke Skywalker riding a Tauntaun Costume Photo 7 of 10
Rate this costume:
7 votes
|2 comments · add a comment
|Costume type:
|Costumes for Boys
This homemade costume for boys entered our 2014 Halloween Costume Contest.
A word from Maria, the 'Luke Skywalker riding a Tauntaun' costume creator:
My sons and I love Star Wars. Anthony laughs and laughs when Han Solo says "And I thought they smelled bad on the outside" Anything GROSS is funny to my 7 year old. He asked... Read more »
Similar costumes:

subset: commoncrawl


text:
Apple Crostata Recipe
Breakfast snacks for those who get peckish first thing in the morning.
This crostata is like a morning-friendly version of apple pie. A buttery crust made from lemon-inflected pasta frolla is filled with fresh apples spiced with cinnamon.
Note:There will be a little extra dough, use it to help patch the tart, or cover and save in the freezer to use at a later date. Use semi-tart to tart apples such as golden delicious, braeburn, granny smith, or macoun.
- Yield:serves 10 to 12
- Active time: 35 minutes
- Total time:3 hours 30 minutes
- 2 recipes pasta frolla
- 5 medium apples, peeled, cored, and sliced into 1/8-inch thick slices (see note)
- 1/2 cup plus 2 tablespoons sugar
- 1 tablespoon juice from 1 lemon
- 1 1/2 teaspoons cinnamon
- 1/2 teaspoon nutmeg
Lightly flour a clean work surface. Take one recipe's worth of pasta frolla and roll it into an 11-inch disk. Transfer disk to tart pan and press dough into bottom and sides. Cover with plastic wrap and chill in refrigerator for at least two hours but preferably overnight.
Preheat oven to 350°F. Place apples in a large bowl with sugar, lemon juice, cinnamon, and nutmeg and toss to combine. Set aside.
On a clean work surface, roll out remaining dough to form an 11-inch circle that is approximately 1/8-inch thick. Cut dough into 1-inch wide vertical strips.
Take tart pan out of refrigerator and fill with apple mixture. Cover tart with 3 vertical strips laid 1-inch apart. Lay 3 more strips across horizontally to form a lattice.
Bake tart until crust is puffed and golden, about 50 minutes. Let cool 20 minutes before serving.
This Recipe Appears InWake and Bake: Apple Crostata
All products linked here have been independently selected by our editors. We may earn a commission on purchases, as described in our affiliate policy.


text:
Boca Negra Horseman's Complex
The facility is situated at the base of the Volcano Cones that lie to the west of Albuquerque. Dramatic views of the Sandia Mountains and Rio Grande Valley add immensely to the atmosphere of the complex.
All of the facilities at the complex are open to the public and are free of charge. Facilities for large groups and special events are available for reservations.
Public facilities include:
- Two 200x300 foot arenas (the south arena is equipped with an announcing stand and seating that can accommodate up to 150 people)
- Three miles of jumps (including one water jump)
- A 60 foot round corral located at the base of the volcano cones for free-range riding
- A clubhouse equipped with a full kitchen, tables, chairs, restrooms, and meeting facilities 4 Public corrals (with water) for overnight horse accommodations
- A horseshoe pit
Take I-40 west to Unser, get off on North Unser, and drive past Boca Negra Petroglyph National Monument until Molten Rock Street. At Molten Rock, turn left. Drive down Molten Rock until 81st Street. At 81st Street, turn left, drive for approximately a quarter mile, and the sign for the facilities will appear on the right side of the street.
Hours of Operation
For information about this complex, please call the Open Space Division main number at (505) 768-4200


text:
Te'o tells ESPN: Not involved in creating hoax
Photo: Ryan Jones
NEW YORK (AP) — Notre Dame linebacker Manti Te'o tells ESPN that the person who created the fake online girlfriend has apologized to him for the hoax.
In an off-camera interview with ESPN, Te'o said Ronaiah Tuiasosopo, a 22-year-old who lives in California, contacted him two days ago and confessed to the prank. Deadspin.com first exposed the hoax on Wednesday and indicated Tuiasosopo as involved in it.
Te'o said he first met Tuiasosopo in person after the Southern California game in November,
Te'o insisted he was never involved in creating the dead girlfriend hoax, but that he lied to his father about meeting the woman called Lennay Kekua face-to-face.


text:
Friday, May 21, 2010
Nouriel Roubini Interview Yesterday…
Morning Update/ Market Thread 5/21
Equity futures are lower once again this morning after trying to rebound yesterday evening. The overnight action can be seen on the 5 minute charts below, the Dow is on the left and S&P on the right:
Bonds are substantially higher again, breaking to new highs for this wave – this shows money is still moving to "safety." The dollar is lower and the Euro is higher – not as high as they were, but there is a correction in progress. The Yen is higher, that seems to be a better indication of market action over the past couple of days. What's there to say about oil? A complete and very rapid collapse, down some more today. Gold is also down again, bouncing off the $1,170 support area.
Both the S&P and Dow futures have now made lows that are beneath the May 6th pin lows, and the S&P is very close to breaking its February low. If this is a wave 3 movement, as I suspect, the bounces will be minimal in size and duration until we hit wave 4, but the wave math says 1,018 minimum, so any bounce is likely a part of the wave 3 structure.
There are no economic releases today, but remain aware that it is options expiration and wild moves can occur. Yes, the markets are very oversold in the short time spans, but in the longer time frames it is not. Yes, bounces can come from any point in here, but wave 3's tend to create extremes in internal readings. The put/call, for example is at an extreme. There are other indications that you would normally expect a bounce from, BUT not all indications are at extremes, in fact some are very far from them. Wave 3's are generally the longest waves, and if this is wave C down, this wave 3 is only wave 3 of wave 1 – the beginning.
Just to put this market into perspective, below is a chart of the XLF going back to the beginning of 2007. Note the all out collapse, and the WEAK rebound that retraced only to a perfect 38.2%! This is the index for the financials, you know, the companies who can't lose on a trading day and who report billions in earnings. They are now off 17% from their most recent highs – that meets the 15% threshold definition of a crash. Why do you suppose that chart is so weak and now is breaking down even further? It's telling us something about which we have failed to address as a nation and around the globe:
The Senate just yesterday passed the "Wall Street Reform" bill. The Senate bill has more teeth than the House version and now they have to work together to create a cohesive bill. Below are excerpts from a CNN article on what was passed:
Senate passes sweeping Wall Street reform
"Those who wanted to protect Wall Street, it didn't work. They can no longer gamble away other people's money," said Majority Leader Harry Reid. "When this bill becomes law, the joyride on Wall Street will come to an end," he added.
Senate passage marks the last big hurdle for an effort more than a year in the making. The bill will now be reconciled with the House version in "conference" negotiations, where differences are ironed out.
Then both chambers will vote again and send the compromised bill to President Obama sometime before July 4, said the bill's main shepherd, Sen. Christopher Dodd, D-Conn.
Earlier on Thursday, Obama praised the Senate's progress saying, "Wall Street reform will bring greater security to folks on Main Street."
What reform means: Congress first started working on financial overhaul last spring. The House passed a version in December, and the Senate began drafting bills last November.
Since January 2009, financial services firms have spent nearly $600 million and hired hundreds of lobbyists to influence the debate, according to the Center for Responsive Politics.
The legislation would establish a consumer financial protection regulatory agency that could write new rules to protect consumers from unfair or abusive mortgages and credit cards.
It would create a council of regulators that would sound an alarm before companies are in position to trigger a financial crisis. The bill would also establish new procedures for shutting down giant financial firms that are collapsing.
The bill aims to shine a brighter light on some of the different kinds of complex financial products, called derivatives, that are blamed for bringing down financial companies such as American International Group (AIG, Fortune 500) and Lehman Brothers. It would force most derivatives on to clearinghouses and exchanges, to help pinpoint the value of the trades.
Republicans objected to some of the bill's major provisions, particularly parts that establish the consumer agency and create new rules for the derivatives. While they generally favored more consumer protection and more regulation of derivatives, they argued that the legislation is too heavy-handed in these areas.
Sen. Richard Shelby, R-Ala., who helped craft parts of the bill, blasted it in a 30-minute speech late Thursday, calling it a "massive new consumer bureaucracy" and a "liberal activists' dream come true."
"This bill doesn't listen to the American people -- it promises massive government overreach in ordinary business transactions," Shelby said.
However, the final vote garnered more Republicans than earlier key Senate votes on the bill.
Joining Democrats were Sens. Scott Brown, R-Mass, Susan Collins, R-Maine, Chuck Grassley, R-Iowa, and Olympia Snowe, R-Maine.
Two Democrats, Sens. Russ Feingold of Wisconsin and Maria Cantwell of Washington, voted against the bill saying it wasn't aggressive enough against Wall Street.
Sen. Robert Byrd, D-W.Va., and Sen. Arlen Specter, D-Penn., missed the vote.
What's next: The Senate will appoint 12 members, seven Democrats and five Republicans, to negotiate with the House over differences in the bill.
The Senate's negotiators plan to vote next week to figure out where they stand on a controversial issue that didn't make into the final bill: a Republican-backed move to exempt auto dealers from the purview of the proposed new consumer protection regulator. The House version has that carve-out for auto dealers, but the Senate didn't get to it.
There are several other key differences.
The Senate bill limits the size and scope of banks' investment activities, preventing them from owning hedge funds and trading on their own accounts. It also includes a controversial measure preventing banks from trading any derivatives. Banks would be forced to spin off their swaps desks that make these trades.
The House bill lacks such limits on banks' investment work.
Also, while both versions of the bill create a council of regulators who monitor big Wall Street banks, the Senate gives the top job of running that panel to the Treasury Secretary and the House gives the top position to the Fed chairman.
Consumer protection agency under the control of the Fed or Treasury is a huge mistake. Separating hedge fund activities is terrific, as are restrictions on derivatives – a good start. However, this is only partially closing the barn door AFTER all the animals are gone. It will NOT cure the bad math of debt backed money, it will not change who is in control of that process, it will not bring back mark to market, but it may help to limit speculation and it will definitely end too big too fail bailouts for the banks.
What does that last part tell you about the psychology of wave C down? Are we likely to see the same sorts of maneuvers as we did during wave A? Unlikely, and the single largest factor, in my opinion, that created the wave B bounce was the bank's ability to mark toxic assets to model. Pure Fantasy.
Traffic - Dear Mr. Fantasy
Thursday, May 20, 2010
Post Market 5/20
Oh the wailing and gnashing of teeth! ZeroHedge's Tyler posted this photo of the reaction from the CNBS anchor staff, very telling of the maturity levels found on that set, lol:
The internals were a mess. 98 new lows and only 7 highs on the NYSE – that is a sign of significant weakness, especially for a market that was recently at rally highs following 14 months of ridiculous up movement – yet, it is not anywhere near washout bottom type of numbers. Today 98.6% of the volume was on the downside, a severe panic day. The problem is that it's not yet at washout levels of volume, this is important as it means to me that the selling is likely to continue.
The day began with the SPX breaking beneath 1,100, that was key support and then it went after the 1,066 pin lows from the "flash crash," nearly making it there but closing on the day's lows just above at 1,071.
Below is a 3 month daily chart of the SPX, you can see that we closed well beneath the 200dma (red line), and also below the green line which is a 20 year uptrend line. That uptrend line is important, it is the line that caught the lows in 2002 and 2003 but was broken in 2008 and now again today:
Let's zoom out to a 20 year non-log scale chart to view that green line in context… see how it stopped the decline in 2002 and 2003? This is a monthly chart, note that the 200 MONTH moving average is just below 1,050. The RSI is on a fresh sell signal and is exiting the overbought area. Finally note the falsely steep slope of the bounce and look at the range of this month's candle – it greatly exceeds the range of any of the last bull market's candles. That's because this is not and never was a bull market:
What's clear to me is that from the April 26th high we moved lower into the 1,066 low and bounced. That's wave 1 down and 2 up. For the past 6 sessions we have been moving downward in what appears to be wave 3 – it has all the characteristics. Wave 3s cannot be the shortest wave. Wave 1 was 155 points. If you subtract 155 from 1,173, you are left with a minimum target for wave 3 of 1,018 - minimum. Zooming further out we can see that there is support in the 990 to 1,020 area:
As you can see on this chart of the SPY, volume was not at panic levels:
The major indices except for the Transports and the RUT closed beneath their 200 day moving averages. That's bearish.
The Transports broke below, and closed below the May 6 pin lows. That sets up the potential for a DOW theory sell signal, needing only for the Industrials to break 9,870… some technicians would say it's already happened based on a closing basis as we closed below the prior closing low on both the Transports and the Industrials:
The RUT came very close to closing below the pin lows as well.
More ominous for me is that the entire globe is melting down. Europe, Asia – including Japan and China, Australia, Brazil… all are now moving significantly lower. The western world, awash in debt and false accounting is clearly in deflation mode once again. Note that the psychology is different during this decline. The latest trillion for the banks didn't help, it hurt. That's because they can't fall back on false accounting more than they already have with mark to fantasy. The added debt based money never was a solution that was going to work; it was simply the greatest robbery in the history of mankind.
What's worse, technically, for the world markets is that the Emerging Market Index not only broke below and closed below the May 6th lows, but it also broke below and closed below the February lows! So much for the theory that emerging markets were going to lead the world. This index is now back to where it was in July of '09:
The financials, of course, are sick and broken. Should defaults begin to occur in the global debt markets, the banks that hold those debts are toast, even with mark to fantasy. Thus, my conclusion is that this is the wave down that ushers in meaningful change. Unfortunately I think that people who currently hold power will not give it up easily. You are about to be distracted with "other events" that history says are coming.
You will be led to believe that there are no solutions other than austerity. That is patently false, it's only true inside of the debt-backed money box that supports their power structure.
Moving back to the markets, the currency markets are ringing alarm bells. The Point & Figure charts for the Dollar, the Euro, and the Yen are now all saying the same thing – that should worry you because what they are saying is that they still have about 30% further to travel. The Dollar, of course, has been strengthening and now has a target of 112:
The Euro has a bearish target of 92:
And the Yen has a bullish target of 151, or about 35% higher than here. That's a bad thing because most of the world has been short the Yen and the further unwind of the carry trade means more deflation for Japan and the world:
And that's the FEAR, isn't it? A self-reinforcing deflationary spiral? That's what the markets are saying, and it's exactly what Bernanke thought he could prevent. They can't because of the psychology shift. Never again will they be able to toss trillions at the mortgage market on behalf of the bankers – the people now are familiar with that game and they're tossing politicians who were bought and paid for enough to vote for it.
So now fear and volatility are back. During bull markets the VIX does not exceed 40… today it exceeded 46:
VIX 3 month:
VIX 2 year:
VIX P&F target = 56:
These are high levels and the CBOE Put/Call ratio went to 1.5. That's extremely high, a point at which market turns can occur… but yet these types of extremes are also where market crashes come from:
What happens in the markets tomorrow? It could be ugly, especially if markets overseas continue to descend. Be on the lookout for a high volume down move or intraday reversal that could mark an intermediate bottom.
I have been mentioning that I thought global markets are overvalued and clearly exhibiting signs of yet another bubble. I've been showing Hyman Minsky's bubble stages and that you should pay attention to those stage 5 "wise voices (who) will stand up and say that the bubble can no longer continue. They argue that long run fundamentals, the ratios and measurements, defy sound economic practices. In the bubble, these arguments disappear within one over-riding fact – the price is still rising. The voices of the wise are ignored by the greedy who justify the now insane prices with the euphoric claim that the world has fundamentally changed and this new world means higher prices. Then along comes the cruelest lie of them all, "There will most likely be a 'soft' landing!"'
A couple days ago I mentioned that it now looked like we were progressing to stage 6 with the insiders already sneaking out the exits… and here we are:
Stage Six – Financial Crisis/Panic:
A bubble requires many people who believe in a bright future, and so long as the euphoria continues, the bubble is sustained. Just as the euphoria takes hold of the outsiders, the insiders remember what's real. They lose their faith and begin to sneak out the exit. They understand their segment, and they recognize that it has all gone too far. The savvy are long gone, while those who understand the possible outcome begin to slowly cash out. Typically, the insiders try to sneak away unnoticed, and sometimes they get away without notice. Whether the outsiders see the insiders leave or not, insider profit taking signals the beginning of the end (remember who has sold their rental properties?).
Stage seven – Revulsion/Lender of Last Resort:
Sometimes, panic of the insiders infects the outsiders. Other times, it is the end of cheap and easy credit or some unanticipated piece of news. But whatever it is, euphoria is replaced with revulsion. The building is on fire and everyone starts to run for the door. Outsiders start to sell, but there are no buyers. Panic sets in, prices start to tumble downwards, credit dries up, and losses start to accumulate.
This is where you may see the "lender of last resort" who is usually the government. The government, although they were talking up a soft landing, are now forced to step in to prevent the crises from spreading to other sectors. Ironically, this is where the savvy investor who profited before, really profits now. With government backing, they are asked to step in and return "normalcy" to a now damaged sector.
The government's attempt to "put out the fire" usually works. However, the conditions beyond the year 2010 will require oceans of water that the government does not posses. You must be ready!
I wrote that in the year 2005 and now here we are, trillions are not enough. Folks, there are major global events and change coming. Our monetary system, not just our financial system MUST change. Again, the powers that benefit from them will not just let them go while they sit quietly by and watch. In Thailand the people are setting the power structure's buildings on fire. There's more of that coming, it's a legitimate fear.
That fear, by the way is not just psychological. Many market callers have written about "animal spirits" and market psychology, but what they don't write about is the very REAL underlying triggers. When the rule of law does not mesh with nature, eventually the system breaks down and animal spirits are required to enact meaningful change. For example, the math of debt backed money doesn't work – that's REAL and there are limits. It is destined to fail. Likewise, the planet only has so much easy to get oil and a population and energy demand that is growing exponentially. There's a REAL limit in there – we are not taking care of it properly, so animal spirits are required to enact the change that's necessary.
While I have seen these events coming, I see that eventually mankind will take a leap forward. Unfortunately we may have to traverse those other events in the here and now. My advice is to get ready for those events… pray that they don't come, but be mentally and physically prepared, be careful, and act conservatively.
Robert Prechter from just this afternoon (ht RRH):
Morning Update/ Market Thread 5/20
Equities are down sharply this morning with the S&P 500 now below important support at the 1,100 level and beneath the 200 day moving average. Below is a 5 minute chart showing the overnight action of the DOW on the left and S&P futures on the right:
Bonds are sharply higher this morning as money is obviously flowing towards "safety," if you can call buying the debts of a bankrupt country safe. That term is certainly relative, that's for sure. The Dollar is higher, the Euro lower, oil is higher but still below $70, and gold pulled all the way back to $1,174 before bouncing a little.
Weekly jobless claims "surprised" to the upside once again, this time jumping to 471,000 from last week's 444,000. The consensus was looking for 440k, here's Econoday:
In a setback for the May payroll outlook, initial jobless claims jumped 25,000 in the May 15 week to 471,000. The disappointment includes a 2,000 upward revision to the prior week. There are no special factors to explain the latest week's jump. The 471,000 level is the highest in five weeks, the second highest since February, and 12,000 higher vs. mid-April. But in an important offset, the four-week average of 453,500 does show improvement from mid-April's 461,000.
Continuing claims also show improvement, down 40,000 in the May 8 week to 4.625 million. The four-week average of 4.643 million is little changed compared to April. The unemployment rate for insured workers is unchanged at 3.6 percent.
Initial claims have been stubbornly high with expectations hoping for a big move lower -- not a big move higher. If next week's report doesn't show a reversal, estimates for May payrolls will be very conservative. Stocks and commodities are moving lower in reaction to the data with money moving into the safety of Treasuries.
What, no excuses? I'm sure the weather was bad somewhere. The mask of debt based stimulus is slowly being peeled back to reveal the hideous creature underneath.
According to the DOL, "States reported 5,101,246 persons claiming EUC (Emergency Unemployment Compensation) benefits for the week ending May 1, a decrease of 94,788 from the prior week. There were 2,268,367 claimants in the comparable week in 2009."
These EUC citizens are seldom reported but are up still nearly 3 million from a year prior.
The so called "Leading Indicators" and the Philly Fed are released at 10 Eastern. Regarding the "leading indicators," people who worship this indicator are drunk with bad thinking. It cannot see the debt, the sovereign risk, the psychology of fear, the oil gushing into the gulf, volcanoes erupting in Iceland, nor the world tensions created by needless wars and massive differences betweens the haves and have nots. What were the leading indicators saying in 1999 or in 2007? That's really all you need to know about "leading indicators."
The same myopic vision is shared with most economists who fail to pull their heads out of academia. They fail to study history as it really is, they create fanciful formulas with no relationship to debt backed money, they ignore WHO controls the markets and what their agenda is, and their livings are financed by the very people who strive to keep their common sense suppressed.
Want to see a leading indicator for the United States? Take a look at the Chinese markets, which are crashing, and look at the separation between their markets and ours (updated chart below). Take a look at Japan, listen to the anger pouring from the South Koreans who finally admit that it was North Korea that lashed out and killed 47 of their sailors. The North has nothing to lose, they have nothing – the gap between the Korean halves and have nots is huge.
Did you see the city of Bangkok, Thailand, on fire yesterday? The exchange building was one of those lit on fire and burned. Can you imagine the same type of thing occurring on Wall Street? It's occurring on the streets in Greece again this morning – yes, it can happen here. And you're right CNN, we're not Greece, we hide FAR MORE toxic debt than Greece did, in fact we're the shameful debt pushers of the entire globe – debt central.
Do the leading indicators show that the people are angry and are removing incumbents left and right? Harry Reid had better look out, I can see that he's feeling the heat – finally. The financial "reform" bill went down in flames yesterday… gutted, it would have been meaningless other than as another propaganda tool to placate the masses.
The drop below 1,100 on the S&P is serious. It means that lower is in our futures sooner, rather than later. I think we're headed to the 990/1,000 area now before we encounter a significant bounce. When we do, it will be just another sucker move. But first we have to get beneath 1,066, the pin lows of the "flash crash." Once both the Dow Industrials and the Transports exceed those pin lows, you will have a new DOW Theory sell signal and an official resumption of the bear market based upon that indicator. That's only 20 S&P points away, the Transports are even closer. The next milestone is in the 1,150 area, the lows of the pullback that bottomed in February. Just keep in mind that nothing travels in a straight line.
The VIX has jumped above 40 this morning, again reaching levels of fear reserved exclusively for bear markets:
Remember all that bull market talk? Deficits don't matter. Remember the green shoots talk? Remember that subprime is contained? Remember too, we're not Greece… uh, huh.
The Kinks – You Really Got Me:
Wednesday, May 19, 2010
Morning Update/ Market Thread 5/19
Equity futures are lower this morning falling sharply after the close yesterday and being down as much as 100 points overnight. Yesterday's close stopped exactly on 1,120 which is the 50% retrace mark of the entire bear market and was acting as strong support. We are now underneath that mark turning it now into overhead resistance with the 1,107 pivot and 1,100 acting as support and is now the key support area. It is not unexpected to test that area from below and rising back above it would be bullish in the short term – I would not be surprised by a short term bounce that takes us back over, but believe it will eventually fall.
McHugh received a couple of longer term sell signals yesterday, including his secondary indicator and his put/call signal that had been on a buy signal for the past year. Those signals are medium term indicators and do not change often.
The Dollar is down and the Euro is slightly higher after being pummeled yet again yesterday. Merkel's naked short ban was taken as a sign of desperation, appropriately so. Venezuela also instituted limits on the trading of their currency. Currency controls and banning short sales NEVER work. The CDS restrictions will only work if they are done in concert with other countries joining in, and so far other nations have refused to follow their lead - that's one of the reasons restrictions of that type don't work. Below is a chart of the Dollar on the left and the Euro on the right:
Bonds are flat after being higher overnight. Oil is down again, now beneath $69 a barrel after trading below $68. Of the past 13 days, oil has now been down 12 of them. The 13th bar is typically as far as a move will run without correction, it would be quite rare to run further from a time basis. Gold is correcting some more, now just above $1,200 an ounce. If that area is breached, $1,170 is the next support area.
The completely worthless MBA Purchase Application Index plunged 27.1% last week following the expiration of the buyer's credit. No, I still don't believe numbers like that, and again only report this worthless index to you so that you know what garbage everyone is being fed by the Realtor's Association – here's Econoday:
HighlightsThat plunge follows a very large drop in new housing permits. Low rates are good, but just look at the expense to achieve them. Literally trillions, its nuts, its fiscal suicide.
The expiration of second-round housing stimulus pulled sales into March and April at the very heavy expense of May. The Mortgage Bankers Association's purchase index plunged 27.1 percent in the May 14 week on top of the 9.5 percent plunge in the May 7 week to pull the index to its lowest level since 1997. These results point to very weak home sales for this month and a new weight on home prices.
Falling mortgage rates failed to limit the fall in purchase applications but they did give a big boost to refinance applications which jumped 14.5 percent. Mortgage rates, being pulled lower by safe-haven demand for U.S. Treasuries, are at their lowest level since November last year with 30-year loans down 13 basis points in the week to an average 4.83 percent.
Wider refinancing will help keep homeowners out of foreclosure and will limit distressed sales, but the purchase results point squarely to new risk for the housing sector and will raise talk for a third round of housing stimulus. Existing home sales for May will be released Monday morning.
The CPI came in lower than expected, dropping .1% month to month and falling from 2.4% to 2.2% year over year:
Inflation is hardly a problem for the Fed. In April, overall CPI inflation dipped 0.1 percent after edging up to 0.1 percent the month before. Analysts had projected a flat headline number. Core CPI inflation was flat for two months in a row, compared to the median forecast for a 0.1 percent uptick. At the headline level, a drop in energy prices weighed on costs while food was still moderately strong. The core was kept low by extremely soft shelter costs along with a decline in apparel.
Looking at detail, the energy component fell 1.4 percent, following no change in March. Gasoline dropped 2.4 percent after a 0.8 percent dip the month before. Food inflation rose 0.2 percent in both of the two most recent months.
At the core level, apparel prices fell 0.7 percent and the huge shelter component was unchanged. Providing some upward pressure were gains in recreation, airline fares, and medical care.
Year-on-year, overall CPI inflation eased to 2.2 percent (seasonally adjusted) from 2.4 percent in March. The core rate slipped in April to 1.0 percent from 1.2 percent the prior month. On an unadjusted year-ago basis, the headline number was up 2.2 percent in April while the core was up 0.9 percent.
Consumer prices inflation remains extremely low-giving the Fed plenty of leeway in its timing of unwinding its balance sheet expansion. Bond traders should like today's news and equity markets should be happy that the Fed is not under pressure to tighten sooner rather than later. But markets are still focused on Germany's new limits on naked short sales. Also, MBA home purchase applications declined sharply, suggesting a slowing in housing.
A negative CPI is interesting with oil still falling sharply. It shows just how strong the deflationary forces are.
Some very sharp guys are starting to turn very bearish. Richard Russell who writes the Dow Theory Newsletter had this to say:
Do your friends a favor. Tell them to "batten down the hatches" because there's a HARD RAIN coming. Tell them to get out of debt and sell anything they can sell (and don't need) in order to get liquid. Tell them that Richard Russell says that by the end of this year they won't recognize the country. They'll retort, "How the dickens does Russell know -- who told him?" Tell them the stock market told him.Pretty powerful statement. I have followed his writing for quite some time and can tell you that he is one of those old wise voices that may not time events perfectly but is almost always on the right side of them. He knows that all is not well beneath the façade.
…Just as for years I asked, cajoled, insisted, threatened, demanded, that my subscribers buy gold, I am now insisting, demanding, begging my subscribers to get OUT of stocks (including C and BYD, but not including golds) and get into cash or gold (bullion if possible). If the two Averages violate their May 7 lows, I see a major crash as the outcome. Pul - leeze, get out of stocks now, and I don't give a damn whether you have paper losses or paper profits!
Then there's Hugh Hendry, another person who absolutely gets the fundamental picture and had this to say about China:
The Shanghai is already crashing, having peeled off more than 25% from its high last year.
Hugh Hendry Shorts China, Betting on 1920s Japan-Like Crash
May 18 (Bloomberg) -- British hedge fund manager Hugh Hendry is betting China's "credit bubble" will burst, causing its economy to contract and triggering a global crisis.
Hendry's Eclectica Asset Management has bought options on 20 companies in international markets that will profit from "a dramatic collapse" of China's growth that's been fueled by an unprecedented lending boom, Hendry said in a May 17 telephone interview from London.
Hendry joins hedge fund manager James Chanos and Harvard University professor Kenneth Rogoff in warning of a potential crash in China. The nation's 13 trillion yuan ($1.9 trillion) of new lending in the past 16 months, bigger than the economies of South Korea, Taiwan and Hong Kong combined, is spurring industrial capacity expansion in the same way Japanese credit built inventory during and after World War I, Hendry said.
"There are striking parallels with Japan in the 1920s, when ultimately the whole system collapsed," said Hendry, 41, whose firm manages $420 million in assets. "China could precipitate a much greater crisis elsewhere in the world."
Japan's export boom collapsed after the war amid excess global capacity, slashing growth and sparking a stock-market crash and bank runs.
Hendry's flagship Eclectica Fund, a global macro hedge fund with $180 million in assets, may gain almost $500 million from its options if China's economy plunges into a recession, he said. The options cost the fund about 1.5 percent of its net asset value annually, Hendry said.
Lending Binge
China's vulnerability to a crash comes from the "inherent instability" created by a lending binge for infrastructure projects that's "unprecedented in 400 years of economic history," Hendry said. The country is also exposed to exports to a U.S. economy that could shrink from $14.6 trillion at the end of March to $10 trillion within 10 years, he said.
Chinese officials allowed lending to surge starting in late 2008 to fight the global financial crisis. New loans rose to a record 9.59 trillion yuan in 2009 and banks advanced another 3.38 trillion yuan in the first four months this year.
"China's at the mercy of a credit bubble," Hendry said. "Once you've unleashed the genie it's out there. They are ultimately unstable and it's that instability that creates their demise."
The Shanghai Composite index of stocks has plunged 21 percent this year, the worst-performing index in Asia, as investors sold Chinese assets on concern a withdrawal of stimulus spending and a slowdown in construction could choke off growth after an 11.9 percent expansion in the first quarter.
When I hear wise voices like these I often reflect on Minsky's bubble stages:
Some wise voices will stand up and say that the bubble can no longer continue. They argue that long run fundamentals, the ratios and measurements, defy sound economic practices. In the bubble, these arguments disappear within one over-riding fact – the price is still rising. The voices of the wise are ignored by the greedy who justify the now insane prices with the euphoric claim that the world has fundamentally changed and this new world means higher prices. Then along comes the cruelest lie of them all, "There will most likely be a 'soft' landing!"That's stage 5 of the bubble. Personally, I think we and China are now past stage 5 and already getting into stage 6 where the outsiders are starting to get infected with the selling.
China crashing, Europe in trouble, the U.S. bankrupt, our banks insolvent and hiding toxic assets… What a mess, a central banker debt money mess.
Tuesday, May 18, 2010
Morning Update/ Market Thread 5/18
Equity futures are higher this morning, below is a snapshot of the DOW futures on the left and S&P futures on the right showing the overnight action. There is a potential rising wedge outlined, but being that it developed in after hours, it may not be a valid formation:
There was a small change in the McClellan Oscillator yesterday so I do expect a large move to be likely today.
Yesterday's action produced what appeared to be a topping candle in the U.S. Dollar and a potential bottom candle in the euro, and indeed, you can see that the dollar is lower, euro higher this morning:
Note that neither are back inside of their channel. If the Euro reenters, I would be more short term bullish on the Euro and therefore more short term bullish on equities. I think the negative sentiment on the Euro got pretty high and I think it may need a period of consolidation before the decline resumes. Don't forget that the move yesterday pierced overhead resistance and triggered a huge 112 bullish target for the dollar.
It could be a short period of consolodation, however, as it is possible to count the prior down move in equities as wave 1 of 3 down, this would be potentially a wave 2 bounce with 3 of 3 to follow. If that's occurring then the bounce should not go too much higher and we should get a very large decline in the next few days. There are alternative counts, so it will be important to track over the next couple of days.
Bonds are higher this morning, that's not the direction you would expect for a significant bounce in equities. Oil is higher this morning, if you're looking at the /QM futures, the front month contract rolled over, so the bounce is not nearly as high as depicted on that chart. Gold is continuing its correction this morning but is still above the $1,200 mark.
The headline on the mainstream media says, "New Home Sales Spike 41%!" LOL, yes, year over year from last year's disaster. Month over month new home sales rose 5.8%, up to 672,000, with 650k expected, 626k the prior. It is near peak season, and not in the headlines is the fact that permits plunged from 685k to 606k, a drop of 11.5% in the month, double the increase in sales over the same month!
And the bottom line is that inventory is NOT what the housing market needs. Here's Econoday's spin:
The recent spike in home sales has boosted new construction, but according to permits, homebuilders are still cautious about a likely dip in sales now that special tax credits for homebuyers expired in April. Housing starts in April advanced 5.8 percent, following a 5.0 percent gain in March. The April annualized pace of 0.672 million units topped analysts' forecast for 0.650 million units and was up 40.9 percent on a year-ago basis. April's gain was led by a 10.2 percent increase in single-family starts, following a 2.1 percent rise in March. The multifamily component fell 18.6 percent after a 24.4 percent surge the month before.
By region, the April gain in starts was led by a 23.9 percent boost in the Northeast with increases also seen in the Midwest, up 16.7, and the South, up 7.0 percent. The West declined 13.3 percent.
Given the expiration of special tax credits in April, homebuilders are not rushing to the courthouse to pay for new building permits and are actually dialing back a bit. Housing permits declined 11.5 percent, following a 5.4 percent boost in March. The April pace of 0.606 million units annualized was up 15.9 percent on a year-ago basis.
Overall, the April starts report shows homebuilders benefitting from recently robust home sales but being rationally cautious about future strength. Nonetheless, housing appears to be slightly better than believed ahead of the report. Markets were little changed on the news but futures were up on mostly favorable company news.
The PPI fell .1% in April. Year over year it is up 5.4%, but that is down from March's 6.1% increase.
Headline inflation came in better than expected but higher auto prices boosted the core rate. Overall PPI inflation eased to down 0.1 percent in April from a 0.7 percent spike in March. The April number came in below the consensus forecast for a 0.1 percent rise. Declines in both food and energy helped pull the headline figure down. At the core level, the PPI came in with a 0.2 percent increase, following a 0.1 percent uptick in March. Analysts had expected a 0.1 percent bump in core prices. The key factor behind the boost in the core was cuts in discounts by auto dealers.
The dip in the headline PPI was led by a 0.8 percent decline in energy costs, following a 0.7 percent increase in March. Gasoline dropped 2.7 percent in the latest period after gaining 2.1 percent the month before. As expected, food prices slipped 0.2 percent on lower prices for fruits and vegetables as the impact of severe winter weather fades. Egg prices also fell significantly.
At the core level, the boost was led by a 0.6 percent jump in passenger car prices after declining 1.1 percent in March.
For the overall PPI, the year-on-year rate decreased to 5.4 percent from 6.1 percent in March (seasonally adjusted). The core rate firmed to 1.0 percent from 0.8 percent the month before. On a not seasonally adjusted basis for April, the year-ago increase for the headline PPI was up 5.5 percent while the core was up 1.0 percent.
Markets had little reaction to the PPI report. Generally, the core topping expectations would get market attention but worries over sovereign debt in certain European countries, related austerity measures, and declines in commodity prices has markets more worried about potential deflation than blips in the core from off and on discounts on autos. However, equity futures are up largely on mostly favorable company news.
With oil down sharply in the past month, look for the May report to be substantially lower.
In what I would normally consider to be a contrary indicator, I was shocked to read a Fortune article on CNN news this morning that went like this:
2010's coming stock market crash: 1987 all over again
(Fortune) -- In two tumultuous weeks in October 1987, the stock market shed nearly one-third of its value in perhaps the second most notorious crash in U.S. history. It could happen again. Don't be deceived by the rebounding economy, any more than the bulls should have been misled by the balmy climate during the late Reagan years. Right now, stocks are extremely vulnerable to the same scenario. The reason: The market is even more overpriced than when thunder struck on that distant Black Monday.
That doesn't mean that a giant correction is inevitable; far from it. But the quasi-bubble that followed the big selloff in late 2008 and early 2009 makes the probability of sudden downward swing far more likely. And today's high prices make it practically certain that investors can, at best, expect extremely low returns in the years ahead.
Let's gauge where the market stood just before the shock of October '87. For this analysis, we'll use the price-to-earnings multiples developed by Yale economist Robert Shiller, who smoothes the erratic swings in profits by calculating PEs based on a 10-year average S&P earnings, adjusted for inflation.
In the fall of 1987, stocks were on a tear. The Shiller PE had doubled to 18.3 in just four-and-a-half years. That's far above the historical average of less than 14 (though pales in comparison to recent giant PE numbers). The dividend yield was also an extremely narrow 2.6%, well below the norm of around 4.5%. That's important to remember, because over long periods, dividends are by far the biggest source of investor returns from equities. Then the bottom fell out of the stock market.
When the carnage ended, the PE had dropped to 13.3, around its 60-year average, and the dividend yield was approaching 4%. In other words, the fall hardly made stocks a bargain. But with brutal speed and efficiency, it chopped valuations to levels that made sense.
The slow crash of 2008-2009: a temporary return to sanity
From early 2008 until March of 2009, stocks suffered a steep decline that echoed the 1987 correction, though over many months versus a few days. During that period, PEs fell from the low 20s to 13.3, precisely their level following the '87 crash. Once again, dividend yields approached 4%. For a few brief weeks, it appeared that sanity had returned to the capital markets. Suddenly, equities--overpriced for 20 years-- looked like a good buy, just as they had in at the close of 1987.
But the rational interlude didn't last. By early May of this year, the PE had soared back to almost 22, shrinking the dividend yield to 1.8%. In recent days, stocks have dropped over 7% amid giant gyrations. That decline isn't nearly enough to restore equities to anything like their fair value. So what do the current, extremely price PEs tell us about the future of stock prices?
The best bet is always that equity values, like most investments, "revert to the mean." So following a bubble or bubblette, PEs and dividend yield will inevitably fall back to their historic averages. The big question is how long it will take. In 1987, it took a few days. In the 1990s and early 2000s, stocks remained overpriced for years.
The problem is that the returns investors can garner at today's lofty valuations are just too low. They're also too low to last. If PEs stay constant, the total return to investors is the dividend yield plus the growth in earnings per share, with an added bump for inflation.
Today, the yield is 1.8%. Earnings per share typically grow at a "real" rate of around 1.5%, way below the pace that Wall Street advertises. So the total gain from investing at today's prices is 3.3% or so, plus around 2.5% for inflation, for a total of between 5.5% and 6%.
That's not enough. Stocks are far too risky for investors to accept those puny rewards, as the wild swings of the last two years, and last two weeks, make abundantly obvious. The only way for future returns to rise is for PEs to fall.
How far must prices fall to get back to basics? For the S&P to return to a PE of around 14, the index would need to drop by around 33% to less than 800, its range in early 2009. That would substantially raise dividend yields, and raise future real returns into the high single digits, where they belong.
The drop is going to happen. Here's how:
Here's how I see the odds. The chances are about one in three that we suffer a huge, wrenching correction in the next year or two similar to the one in 1987. That possibility is so high because stocks are so startlingly expensive. Another high probability event is that markets go on a long sideways grind, with smaller drops along the way. What's extremely unlikely is that the market rises substantially from current levels and stays there for any extended period.
Whatever happens in the next couple of years, the odds are overwhelming that investors who buy stocks today will reap puny returns for 10 years. For example, if you'd purchased shares at today's PE of 22 in early 2003, you would have gotten a return of around 3% a year, barely enough to compensate for inflation, let alone buy the blood pressure medication you'd need to survive the scary ride of stock ownership.
Now let's look out a decade or two. The evidence is extremely strong that price matters, and matters a lot: except in rare cases, buying stocks when they are pricey -- when the Shiller PE exceeds 20 -- leads to puny returns ten years later.
Not that you'd ever know that from the happy talk from Wall Street. So screen the noise out, and follow the numbers. They'll eventually get better for investors. But to get back there, we may revisit October of 1987.
Wow, I'm very surprised they put that into print. Making crash calls is almost never a smart call, nor is betting on one, at least with money you cannot afford to lose. The valuation point of the article, however, is correct and the markets are certainly overvalued, not that I am a fan of Schiller's smoothing technique. And reading mainstream articles about crashes tells me that there may be too much fear for a crash to occur now – although with a potential wave 3 of 3 looming (one count possibility), it's not out of the question either.
Here's an interesting update and photo of the oil spill. This photo comes from Dr. Jeff Masters' WunderBlog, an interesting article discussing this satellite photo showing the subsurface movement of the oil spill:
The oil beneath the surface is being pulled southeast and is being picked up by the "loop current." A good thing or a bad thing? I guess we'll find out over time, it's certainly a crying shame no matter where that oil eventually lands.
That's not the only crying shame as this morning we needlessly lost another 5 of our troops to a suicide bomber in Afghanistan...
Question Mark & The Mysterians - 96 Tears:
Monday, May 17, 2010
Debt Saturation Equals Diminishing Growth, Employment, and Capacity Utilization…
When a debt based money system is born, the system is not yet saturated and adding debt (leverage) to the system works to increase growth of the economy.
The economy cycles, and if one adds debt time and again to stimulate down cycles yet fails to remove that stimulus on the up cycles then DEBT accumulates over time. This accumulation starts out slow, but with each cycle builds upon itself creating exponential growth. Witness the charts of public and private sector debts below:
Federal Government Debt:
Household Sector Debt:
As debt begins to permeate the economy, the stimulation effect diminishes as was thoroughly demonstrated in the last article on THE Most Important Chart of the Century:
I have been pointing out the continuous series of lower highs on that chart that gave way to a phase transition into negative territory at the debt saturation point. I've presented descriptions of a debt saturated environment and noted that employment and production should fall once saturation is reached and still more debt is added. This is due to the fact that new income must be used to service existing principal and interest payments. I even theorized that the recent "jobless" recoveries are part and parcel of debt saturation.
I have spent a lot of time examining charts, but it never crossed my mind to look for the same chart pattern as is present on the diminishing productivity of debt chart. But today it dawned on me that in fact I have seen the same chart pattern, just not in areas where the statistics are manipulated or based on dollars as they distort the pattern. So I started by looking at the employment charts… and look at what I found:
A chart with the same pattern over the same timeframe only it is inverted. A series of higher lows and a phase transition, that's the chart of the Median Duration of Unemployment. Is the correlation exact? No, but the correlation is extremely high.
We see the same thing when looking at the Mean Duration of Unemployment, this chart goes even further back in time:
In fact, when we look at a chart of the raw number of people on unemployment we see the same pattern. Note that since the late 1940s that our population has doubled but that our number of unemployed has risen by a factor of 8!
Most of the production charts are measured in dollars and that makes them all follow the exponential money parabola. But what is it that is not tracked in dollars regarding production? How about Capacity Utilization? Again, same time frame, same series of continuously lower highs:
Capacity Utilization, Total Industry:
Capacity Utilization, Manufacturing:
Note that we are still operating at less than 70% capacity in manufacturing. Lower highs and lower lows.
I believe these charts are driven in a negative overall direction by debt.
And near the top of the debt pushing pyramid you will find the Federal Reserve and a money system that requires our government to borrow money from the private sector. Thus we wind up owing private individuals for the use of our own money. Who does the money system belong to after all? It belongs to the people, we should not have to borrow our Federal money into existence and we should not have to pay interest for the privilege of doing so! In fact, that notion comes pretty darn close to the fulfilling the definition of insanity – it certainly meets the definition of stupidity.
Let's look at the Fed's latest chart of MZM, currently their largest measurement of money:
Hmmm… only a little more than $9 trillion in money deposits, how does that compare to the amount of debt in the system?
Well, just from our first two charts, Current Federal Government Debt equals $13 Trillion, and Household Sector Debt equals $13.5 Trillion, or roughly $26.5 trillion. Simple question… aren't the same people ultimately responsible for BOTH those debts? Of course they are. That's $189,285 for every worker in the United States. And we didn't even start adding up business, city, county, or state debt, nor did we launch into GSE obligations or unfunded liabilities.
So, if we start to pay back the debt with our money, how long will the money last? Not nearly long enough! Since the majority of the world's debts are denominated in dollars, as people fight to pay down those debts, they need to first convert other assets into dollars. This increases the demand for dollars and thus we see the dollar presently increasing in value. Don't look now, but we just tripped a higher target on the dollar Point & Figure diagram that is all the way up at 112! That will require a lot of deleveraging:
What happens to the money supply then if we pay back debt? It goes down! And you can see that in John Williams latest chart, updated today, that M3 (previously the broadest money measurement and no longer tracked by the Fed) has gone hugely negative on a year over year basis, now dropping at 5%:
How does that compare with history?
When we look at the discontinued series from the Fed going back to 1960, you will see that it has been very briefly negative on only one other occasion:
How will falling money and debt affect the economy? It won't be pretty. Once you reach debt saturation the alternatives are bad or terrible. Letting deflation run its course is bad, but if you allow it to run its course then more cycles can occur without reaching saturation. If, on the other hand, you insist on throwing more debt into a debt saturated environment, then you are choosing fiscal and monetary suicide.
Frankly, the debt pushing Fed system could use a nice dose of suicide, then we could get on with establishing a system outside of the debt pusher's debt-backed money box. In fact, where's Dr. Kevorkian when you need him, we need a prescription for the Fed STAT!
Steppenwolf – The Pusher:
Ron Paul Telling CNBC what they don't want to hear…
Morning Update/ Market Thread 5/17
Equity futures are toying with breakeven this morning after being down more than 120 Dow points overnight and then zooming 160 points (on low volume of course) into positive territory only to fall again. Below is a 5 minute chart of the DOW and S&P futures showing the overnight activity:
That's a very volatile session, the Euro fell further from its channel setting a new low at 1.22 and the Dollar rose above 87 before correcting. As you can see in the daily chart below, the move has clearly entered a parabolic stage. The initial target area for the dollar is about 88 to 89 and for the Euro is around 1.2:
Bonds are higher after doing the same sort of seesaw, oil is lower, and gold is down appearing to consolidate near its prior highs.
The Empire State Manufacturing Index came in this morning much lower than expected at 19.1 when 30.0 was the expectation following last month's 31.9 reading. With this index, any reading over zero supposedly indicates expansion. Both Bloomberg's and Econoday's reports put the positive spin to the max, here's Econoday:
Manufacturing activity remains very strong in the New York region though it did slow from April's exceptionally strong pace. The Empire State index for May came in at 19.11, well above break-even zero to signal significant growth compared to April. The April index was 31.86, to indicate vast acceleration from March.
The key here is that May's numbers may be lower than those in April -- but that doesn't mean May is weak. New orders came in at 14.3 on top of April's 29.49 to extend a long run of monthly gains. Shipments, at 11.29, increased compared to April though the monthly rate of growth slowed. Hiring did not slow with the employment index up more than 2 points to a very strong 22.37. Negatives in the report include continued acceleration in input prices and continued draw down in backlog orders, the latter pointing to still abundant excess capacity.
A slowing in manufacturing activity would be no surprise given the strong rate of acceleration so far this year, a rate that reflects a base effect with the depth of the sector's prior decline. The Philadelphia Fed will issue its manufacturing report on Thursday.
What spin, nice try. Manufacturing has collapsed. It came to a near stand still in late '08 and early '09. In the past several months it has turned positive from stand still levels. This is another example of people who don't understand math. When something falls 50%, a 50% rise doesn't get you even close to even. But yes, it is positive, but it is also slowing substantially and that is consistent with the removal of some of the .gov life support. Going forward there's a severe challenge without that support and with debt levels having not been cleared.
March's net TIC flows (Treasury International Capital) came in slightly positive with a $10.5 billion gain. This is another very weak number, we need inflows to at least match our trade deficit numbers, near $40 billion a month at this time.
How bad are some of the states hurting? Well, at least Illinois doesn't issue I.O.U.s, they simply don't pay their bills:
Illinois deep in debt, doesn't pay bills
Paralyzed by the worst deficit in its history, the state has fallen months behind in paying what it owes to businesses and organizations, pushing some of them to the edge of bankruptcy.
Illinois isn't bothering with the formality of issuing IOUs, as California did last year. It simply doesn't pay.
Plenty of states face major deficits as the recession continues. They're cutting services or raising taxes or expanding gambling to close the gap. But Illinois is taking the extra step of ignoring bills.
Right now, $4.4 billion worth of bills, some dating back to October, are sitting in the Illinois comptroller's office waiting to be paid someday.
Shawnee Development, for instance, is waiting on about $380,000 in back payments, officials say. That amounts to one-quarter of the council's budget for senior care in seven southern counties. "It makes me mad as heck," said Georgia Smith, a 66-year-old volunteer at the agency. Seniors, she said, "are used to paying our bills, paying our way."
Prisons refused bullets
Illinois' deadbeat reputation has created some embarrassing situations.
A supplier refused to sell bullets to the Department of Corrections unless it got paid in advance. Legislators have gotten eviction notices for their district offices because the state wasn't paying rent. One legislator said he had to use campaign funds to pay the telephone bill after service was cut off at his office.
The practice of simply putting off payments became commonplace under ex-Gov. Rod Blagojevich , who liked to spend but adamantly opposed a tax increase to help cover costs. Before he was arrested and kicked out of office, Blagojevich's toxic relationship with legislators essentially paralyzed government, so bills just piled up.
I wouldn't lend the Governor a bottle of Coke without payment in advance, that's just me.
Tax collections are way down and that's putting even more pressure on states - here's one from the WSJ:
States' Tax Collections Falter, Widening Budget Gaps
By AMY MERRICK
April tax collections are falling short of forecasts and even dropping below last year's depressed levels in a number of states, complicating budget troubles and prompting some governors to dip into rainy-day funds.
Following several months of modest improvement, the weak April revenue numbers are disappointing for states that hoped for economic recovery soon.
Based on reports from more than a dozen states, the figures suggest the recession may have taken a heavier-than-expected toll on employment last year, cutting into income taxes.
The shortfalls also are punching fresh holes in state budgets. Widening state deficits could in turn put pressure on the federal government to issue new stimulus funding; a 2009 cash injection from Washington has helped shore up battered state finances, but much of that will dry up by the end of this year.
April is the biggest revenue month for many states because it is when they collect a large portion of income taxes. The month's collections came up short of expectations in California by 26.4%, or $3.6 billion; in Pennsylvania by 11.8%, or $390.1 million; and in Kansas by 10.2%, or $65.3 million. More states will report in the next few weeks.
A drop in income taxes collected by the federal government last month may have foreshadowed the state-level declines. Through April 30, federal income taxes not withheld from workers' paychecks fell 17.6% from the same month a year earlier, the Rockefeller Institute reported May 4.
Kind of puts the lie to the other massaged statistics, doesn't it?
And if you can stand the truth about how messed up our Federal Government is, their current budget numbers forecast a nearly 8% growth rate in revenues from now through 2020 just to come up with disastrous forecast they currently have. Have we ever grown revenues at near that rate for near that long? Not even close, and the reality of tax receipts so far this year is showing just the opposite. How bad is it? Take a look at this article written by Doug Casey, he spells out the debt picture pretty clearly. Bottom line is that their "math" is somewhat flawed, and to say that it doesn't work is the understatement of the year:
The U.S. Government Is About To Get Hit With 'The Perfect Storm' Of Debt
Doug produces some great charts and this is a great article, I hope you take the time to read it.
It looks like BP is at least siphoning off some of the oil from the leak, that's good and I sincerely hope it continues to work.
This week is options expiration, expect more games and more volatility. Being Monday I was expecting at least a good attempt at putting in a bounce following Friday's 95% down day. The internals were much worse than the decline indicated once again. The SPX 1,120 area is very strong support. A break beneath there is bearish, and a break beneath 1,100 is very bearish.
Oil broke beneath support Friday and triggered a new bearish target on the Point & Figure diagram of $62 a barrel:
At this rate of fall it will be there quickly... gold is shown on the right:
There's no other way to spin that action in oil other than deflation. Take a look at the monthly oil chart, it has clearly broken support, a very bearish development for the medium term:
Eyes, of course, will be on the currency markets this week, but also on key stocks like Goldman which is barely holding onto support and appears to have developed a bearish pennant.
Sam Cooke – One More Time:
Sunday, May 16, 2010
Robert Prechter on Gold…
I present this video due to the sentiment readings for gold that Prechter points out. I don't think it's wise to ignore what he's saying for maybe the short or medium term. In the long term, until the debt and structural problems with the currencies are cured, the bullish case will continue to make sense to me. Therefore I see both sides of this issue and would probably present their cases as a matter of timeframe (ht RRH):
I will note that gold has obviously had a very steep ascent in this latest move, but it did recently trigger a new bullish target on the gold Point & Figure diagram of $1,310. Perhaps the move continues into that range but then experiences some pullback or consolidation until the fundamental problems underlying the currencies are either resolved or come to the forefront again. Personally I think the issues will keep resurfacing until they are resolved and that technical patterns may give only temporary respite.


text:
Kenneth Kaunda
First President of Zambia
Kenneth David Kaunda (born April 28, 1924), commonly known as KK, served as the first President of Zambia, from 1964 to 1991.
|This article about a political figure is a stub. You can help Wikiquote by expanding it.
- People see him as a hero. Not just in Zimbabwe or here in Zambia but across the whole of southern Africa. It's no good demonising Robert Mugabe.
- "Mugabe's hold on Africans". BBC News. 25 August 2007.


text: Following an 'idea is to design a timeless piece of furniture with transient smooth shape from simple, soft geometry', German designer Christian Dorn has created this armchair for Stiltreu – a design studio he co-founded last year. Featuring a powder-coated steel frame (available in five different colours) and upholstered polyurethane foam seat and backrest, 'Ova' easy chair is part of a seating collection which also encompasses a two- and three-seater versions of the design. (more…)


text:
Baylor, Stanford Losses Shake Up Playoff Landscape in College Football Week 11
Big losses by Baylor and Stanford shake up the standings, while the road to the playoff runs through the Sooner State. Here are the big stories from this week in college football.
Oklahoma State Exorcised Some Demons. Barely.
Four years ago, then-No. 2 Oklahoma State's national title hopes were crushed in a Friday night upset at Iowa State. This year, the Cowboys' script looked eerily familiar for much of the game.
No. 8 Oklahoma State spotted the Cyclones a 17-point lead early and Iowa State led late into the fourth quarter. But OSU backup quarterback J.W. Walsh sparked the Cowboy comeback with two rushing scores and a passing touchdown with 3:06 left that finally put Oklahoma State on top.
They don't call Oklahoma State "the Cardiac Cowboys" for nothing: this game marked the fifth time this year that the 10-0 Cowboys trailed at halftime before coming back to win. They are the only team in college football with multiple 17-point comebacks this season. Will the playoff committee reward Oklahoma State's fighting spirit and ability to come back? Or will they question the Cowboys for not putting lesser teams away early? With Stanford and Baylor falling by the wayside, we should find out very soon.
The Road to the Playoffs Could Run Through Oklahoma
While much of the attention has deservedly been on undefeated Oklahoma State, the Cowboys' in-state rivals are quietly working themselves into the playoff mix as well. No. 12 Oklahoma went on the road and knocked off No. 6 Baylor, 44-34, to keep their Big 12 and national title hopes alive.
Baker Mayfield continued his strong play, passing for 270 yards and three touchdowns. Since Oklahoma's shocking upset loss to Texas in early October, Mayfield has been on fire, throwing for 17 touchdowns and just two interceptions. His numbers this year certainly compare favorably with previous Sooner Heisman winners.
The Sooners control their own destiny in the Big 12 and the annual Bedlam rivalry game against Oklahoma State at the end of the season could be the biggest in history, with not just the Big 12 but a possible playoff spot on the line.
The Pac-12 is the First to Leave the Party
That loud noise you heard coming from the west was the Pac-12's national title hopes crashing to earth. No. 7 Stanford and No. 10 Utah both fell Saturday night, giving everybody in the conference at least two losses. Even with as crazy as this season has been, with five undefeated teams and one-loss powerhouses like Alabama, Notre Dame and Oklahoma still out there, a scenario in which a two-loss Pac-12 team backs into the playoffs is virtually inconceivable.
Really the biggest question mark remaining for Stanford (at least from a national perspective) is what Saturday's upsets could mean for Notre Dame's playoff hopes. The Irish were sitting at No. 4 in last week's playoff poll, but have to be looking over their shoulders as Oklahoma and Oklahoma State are coming up fast. A season-ending win over Stanford won't hurt Notre Dame's strength of schedule, but it won't help as much as if it was essentially a play-in game between two one-loss teams. With the two Oklahoma schools boosting their strength of schedules against ranked opponents the next two weeks, the Fighting Irish's margin for error just got a whole lot thinner.
Derrick Henry is Peaking at the Right Time
Fair or not, how you play late in the season has a disproportionate impact in awards voting at the end of the year. With LSU's Leonard Fournette fading (just 122 yards and two scores in back-to-back losses), the Heisman race is suddenly wide open and another SEC running back is making a strong case.
Alabama's Derrick Henry has rushed for 200+ yards in three of his last four games and scored a nation's-best 19 touchdowns this season, making SEC defenses look silly in the process.
With Alabama controlling its own destiny for an SEC title and a playoff spot, Henry will be in the national spotlight the rest of the way and, barring injury, it's hard to imagine he won't be making his way to New York.
Some Things Never Change . . . Even When They Should.
During his time at Nebraska, coach Bo Pelini was well-known for his questionable sideline antics and profane tirades against officials and fans alike. His rants sparked numerous Internet memes and the best fake account on Twitter. Although Pelini has moved down a notch to FCS Youngstown State, his "working the officials" game is still at an All-American level. After blowing a 14-point fourth-quarter lead to North Dakota State, the Penguins' coach blew a gasket over a pass interference call and earned two unsportsmanlike conduct penalties in the game's final minute.
While this year's 5-6 mark is certainly not what Cornhusker fans envisioned, it's doubtful that many in Nebraska miss this kind of behavior coming from their sidelines.
Inside the Numbers
- Navy quarterback Keenan Reynolds scored four touchdowns in the No. 20 Midshipmen's win over SMU, giving him an NCAA-record 81 (and counting) for his career.
- In the second quarter Notre Dame's 28-7 win over Wake Forest, Fighting Irish running back Josh Adams broke off a 98-yard touchdown run. It was the longest play from scrimmage in Notre Dame's storied football history.
- Oklahoma State has rallied from 14-point deficits three times this season and ten times in 11 years under Mike Gundy.
- Alabama's defense recorded nine sacks of Mississippi State quarterback Dak Prescott. It was the Crimson Tide's most sacks since a 1998 victory over Vanderbilt.
- Florida State running back Dalvin Cook has already rushed for a school-record 1,369 yards this year, passing Warrick Dunn's previous single-season record of 1,242 set in 1995.
- In games following a loss, LSU is 27-3 under Les Miles. But all three of those losses have come to Arkansas.


text:
Charlie Pierce on NBA free agency:
Is there any good reason for anyone to believe anything Dwight Howard says at this point?
He's on the market again. On Monday, as the bell announcing the opening of the free-agency market was still pealing, he was being romanced by Houston and it was said that the Rockets were attractive to him at least in part because Texas has no state income tax. (This is a nice perk if you're Dwight Howard the ballplayer, who will be making a gazillion dollars and can afford your own private police force. It's a bit of a drag if you're Dwight Howard from the Third Ward who's trying to get him some public services.) Yao Ming Skyped in to pitch the team, and Howard's also met with Hall of Famers Hakeem Olajuwon and Clyde Drexler, as well as with James Harden, who likely will not be joining them in Springfield. He's going to take the grand tour. Howard will be meeting with Golden State and Dallas, too, before deciding whether he wants to pick up the great burden of being a celebrity athlete in L.A. again.
Is there a bigger fake in this league? Seriously, the guy came into the NBA with a smile on his face and Bible verses on his shoes, and there hasn't been a player in my memory who's dived for every nickel with the enthusiasm this guy has demonstrated. (Dwight? Rich man. Camel. Needle's eye. Google these terms along with "New Testament" and get back to me.) He can't help being injured. He can help being miserable, though, and this guy is simply never happy. He wasn't happy in Orlando. He wasn't happy in L.A., and he's not going to be happy wherever he ends up next. This would be tolerable if he brought championship ball with him. (Shaquille O'Neal wasn't always a field of buttercups, either.) But the guy doesn't necessarily help you win. He looks great — not good. Great — in the uniform. At the baggage carousel, there's nobody more formidable. On the court? Not so much. He couldn't really mesh with Kobe Bryant and he never really got along with Mike D'Antoni, and now he's back running the grift again. Please, Houston, sign this guy. Moses Malone will come back from retirement just to kick his ass.
Then there's Chris Paul, who has condescended to return to Los Angeles now that the Clippers gave him 107 million good reasons to be coached by Doc Rivers. This is another guy with a costume-jewelry résumé whom the league nonetheless slobbers over. You have your analytics and I have mine, but if you're a big-money point guard, the basic metric is whether you can get your team to win anything and, right now, Paul's got one division title with L.A. He, however, has fewer rings than Rajon Rondo or Mario Chalmers. But he gets to hold up the Clippers to the point where they raid another team for its coach, throw the league into an uproar, launch a brawl between my favorite person in the NBA and my, uh, boss, and all so that Paul won't take his stylish, couldn't-beat-the-Grizzlies-with-a-hand-grenade hindquarters somewhere else in the league. The barstools are full of point guards who guided their teams to a loss in a six-game playoff series.
[Picture by Greg Guillemin]


text:
2nd Oct. 1869 - 30th Jan. 1948
This Website is Dedicated to Mahatma Gandhi - The Father of Our Great Nation Bharat.
My Faith
Message of Gita
Natural Cure
Tribute to Patriots
Nation Building
Mohan Mala
Wisdom of Gurus
Eleven Vows
Other Articles
Topics of Essays
Other Links
His Assassin
Gandhi Peace Prize
Presentation on Gandhiji (Flash)
Let us all follow Bapu's path of "Truth" and "Non-Violence" for "World Peace".
� 2000-2015 VandeMataram.com All rights reserved.
Site Designed & Hosted by NODEFECT


text:
LONDON -- A brazen, brutal attack near a military barracks in London on Wednesday afternoon left one man dead and two suspects in the hospital. British Prime Minister David Cameron said the attack appeared to be terror-related.
The attack occurred in the southeast London neighborhood of Woolwich, just a few blocks from the Royal Artillery Barracks.
Two men reportedly attacked another man. Witnesses said the two men were shot by police and a number of weapons - including butchers' knives - could be seen on the street, which was splattered by blood.
French President Francois Hollande, speaking at a press conference in Paris with Cameron, said it was a British soldier who was killed. Cameron didn't immediately confirm that fact but the Britain's Ministry of Defense said it was urgently investigating the attack.
Cameron did say said there were "strong indications" it was a terrorist incident.
"We have suffered these attacks before, we have always beaten them back," Cameron said. "We will not be cowed, we will never buckle."
Live television images of the scene showed a trail of blood staining a pavement, cordoned off streets and crime scene investigators marking the scene.
The British Cabinet's emergency committee immediately called a meeting and the prime minister's Downing Street office said security was stepped up at barracks across London.
Commander Simon Letchford said one man was found dead and two men were shot by police and taken to separate London hospitals.
One of the men was in serious condition, according to London Ambulance Service.
Fred Oyat, a 44-year-old who lives in a high-rise near where the attack occurred, said he heard four gun shots and then went straight to the window.
"I saw one man lying there bleeding, another lying on the pavement being disarmed. A policeman was pointing a gun at him. A third man was lying further up the street ... he was bleeding profusely," Oyat said. "There were four knives on the ground - big kitchen knives. The knives were very bloody."
Cameron's office said he was cutting short his Paris trip to return to London and he would chair another emergency committee meeting Thursday.
David Dixon, head teacher of a nearby primary school, saw a body lying in the road outside and said police told him there was a serious incident. He told the BBC he then made sure children were inside and put the school into a lockdown mode. He said he then heard shots fired.
The Independent Police Complaints Commission, which is called in when officers are involved in shootings, confirmed that it is investigating the incident.
The barracks - which house a number of the King's Troop Royal Horse Artillery and independent companies of the Grenadier and Coldstream Guards - were the site of shooting events during the 2012 London Olympics.


text:
Looking For A Convenient Way To Buy Medical Marijuana Worldwide?
Raregenetikzweed.com is your go-to weed dispensary. Browse different strains of cannabis, from Sativa & Indica to hybrid breeds for smoking & vaping, as well as concentrates including shatter, resin, oil, wax & hash. Our cannabis products range in strength to suit your needs, so you can maximize your experience & the benefits of weed. We also have cannabis-related accessories.
Popular Categories
Best Seller
Raregenetikzweed.com has an endless amount of strains to help ease all medical conditions, such as anxiety, stress, ADD/ADHD, depression, loss of appetite muscular dystrophy, hypertension, insomnia, migraines—the list goes on. Even better, our marijuana dispensary offers the lowest prices online, guaranteed
Why Shop With Raregenetikzweed.com Dispensary?
Order Cali Weed Online from Raregenetikzweed.com Dispensary to integrate quality, legal, and compliant goods in the lives of our customers for a beneficial and stress-free lifestyle, with discreet end to end delivery. Teaming up with the best farmers & manufacturers, we're indeed the first trusted connection of marijuana brands worldwide as we guarantee 100 percent satisfaction or your money back .
Being one of California's Exotics Weed oldest and most trustworthy mail-order marijuana websites, Jungle Boys Weed promises you the most premium quality exotics strains, concentrates & accessories available in the country. Unlike our competitors, marijuana for us is not just a business.
The people behind Raregenetikzweed.com have been at the forefront of the legalization movement, organizing protests, participating in rallies, and doing all we can for the cause we believe in. This is why at Raregenetikzweed.com we hold ourselves to the highest standards of commitment to our customers. Nothing is more important to us than our mission: providing the community with unparalleled quality of products, best prices, and superior customer support.
We do worldwide delivery which is discreet and safe. 24/7
Clients don't need a Medical Marijuana Card to order from us.
Our packages are well packaged; Tripple vacuum seal which allows no smell and only you can have access to it.
100pc Plástico Redondo Tornillo Tipo perilla agujero de tamaño PN-8G = φ12.5x12mm = φ3.2mm RoHS
Compra LG MH7265DPS - Microondas Grill Smart Inverter, Por qué deberías elegir nuestras semillas. Cinturón De Seguridad De Coche para Perro - Correa Antitirones Perro Ajustable - Más Comodidad para Tu Perro: Productos para mascotas, Control de la humedad y fácil de limpiar. Envío en 1 día GRATIS con Prime, Clip para mayor comodidad. Sin pilling y lavable, longitud del mango 60 cm de largo, Compra Shark Tiburón race-R Pro en blanco motocicleta cascos, Material: acrílico. recuperarse de lesiones o aumentar la fuerza de los dedos, Nuestra calidad experta. Y nuestros productos pueden ayudar al bebé a aliviar el malestar gingival y mejorar el desarrollo táctil del bebé. - La bailarina que gira gira con el sonido de Castle in the Sky. Eroihe Película para Ventanas Película Adhesiva de Protección Solar para Ventana Anti-UV Ventana Pegatinas Reflectantes (Negro): Hogar, El zamak es un material muy resistente, parques de trampolín, Cristal Templado para Mi 9T/Mi 9T Pro. mantiene las cosas organizadas. Superficie cómoda, moderno y versátil joyero enrollable mantiene todo limpio y ordenado sin ocupar demasiado espacio en tu bolso. Si usted tiene alguna pregunta, Simplemente comience a aprender, El relleno suave de la almohada se puede secar rápidamente y tiene un gancho resistente para colgarlo para que gotee fácilmente. Tamaño: 22 mm x 12 mm. Material: aleación de aluminio. Apariencia de grano de madera, - Talla M: 37 x x cm, Thermaltake Riing Plus - Ventilador de PC.
Cannabis Plant Types
With their short stature & broad leaves, Indica plants have a fairly short flowering cycle & are suitable for cold climates.
Effects: Indica strains are great for relaxation. They are ideal as mental and muscle relaxants, and for treating chronic pain, appetite loss and clinical depression. A lot of people use these strains in the night time as well to help with sleep.
Sativa plants have narrow leaves and are tall in stature. They generally have a longer flowering cycle and are better suited for warm climates.
Effects: Known for its euphoric, heady high, Sativas are great for depression, chronic pain,anti-anxiety, mood disorders, amnesia, ADHD and to provide an overall uplifting and energizing feeling
Hybrid strains bring the best of both worlds and are specifically designed to provide sought after effects of both Indica and Sativa strains together.
Effects: Grown specifically as crosses between Sativa and Indica strains to bring out specific characteristics & cannabinoids, hybrid strains can have a vast range of effects, depending on which cannabinoids are more dominant.
Quality & Privacy Assurance
100% Money-back Guarantee
Raregenetikzweed.com does offer 100% Money-back Guarantee. If you are not satisfied with your order, you may resend to us.we offer refunds to all client who doesn't receive their parcel refund is made within 3 business days
100% Privacy, Guarantee
The customer is our topmost priority, & we work hard to make sure that your privacy is never compromised. Our security team works around the clock to ensure 100% privacy and security for all our clients.
All our servers are located offshore and all sensitive information is purged daily to prevent leaks or theft. If you still have any reservations, our customer support staff will be happy to answer any questions to put your mind at ease.
Trusted Nationwide
We pride ourselves on our unique position in the community & hold in great esteem the trust placed into us by our customers.
Our strength is in our clients' satisfaction, & we strive to provide the best customer support & service in the industry. We understand the value of reliability, and this is why we're the only dispensary to have a 24/7 online chat support to make sure you receive nothing but the best.
Our Cannabis Products
How to Order Weed Online From
Raregenetikzweed.com Dispensary
If you've been wondering how to order weed online, then you've come to the right place. Take a look at our selection of weed for sale & cannabis-related products, then simply click on what you'd like to purchase. We'll guide you through the check-out process with various prompts once you've selected an item. You buy everything else online, why not weed, too? With Jungle Boys Weed, it's never been easier to have your medical cannabis delivered straight to your door.
We offer the simplest & easiest way to order marijuana online, all across USA, UK, France & Ireland.
Browse freely through our premium range of marijuana strains,exotic strains, concentrates, Buy Cali Weed online and accessories. Just click on the items you like to add them to your cart.
Create an Account
Registering with Raregenetikzweed.com is quick and easy. Once you've registered, you can easily check out, pay with a single click, and manage and track your orders.
Pay Securely
All you need to do next is follow the simple instructions for an Interac E-transfer. Once payment is complete, you can sit back & relax. Your order is on ts way! You can track your order through your account on our website.
Customers Testimonials
We value our customers and strive to give them the best quality cannabis for the best value. As a thank you for visiting our online marijuana dispensary, enjoy free shipping on your orders over $99. Read what our customers are saying about us
Just wow. I knew I was going to get a great healthcare, but the customer service staff went above and beyond all my expectations. I will recommending my plan to all my friends. Five stars!
Finding a great healthcare plan wasn't at the top of my list, but Total made finding and choosing the right plan for me a piece of cake. I'm so glad I found them.
Total is the best thing that has ever happened to my small business. They helped me offer great coverage to all my employees at an affordable price, saving me time & money.
Latest News
Buy Cali Weed online | Cali Tins For sale https://raregenetikzweed.com
Buy Cali Exotic Bud Online, Order Cali Exotic Bud Online, Cali Exotic Buds for sale…
Buy Jungle Boys online | Buy Jungle Boys weed online
Jungle Boys – The Smokebox Published 3 years agoon December 15, 2016 By Shaun Vizzy …
Qui sont les Jungle Boys ?
CANNABIS EN CALIFORNIE Qui sont les Jungle Boys ? https://www.newsweed.fr/jungle-boys/ Les Jungle Boys sont un groupe de…
The Jungle Boys are Master Pheno-Hunters
https://www.leafbuyer.com/blog/jungle-boys-weed/By Fred Hernandez - August 19, 2019 Share this article via: Facebook Twitter More The…


text:
LOS ANGELES, Calif. – The average cost of a gallon of regular gasoline rose 12 cents, to $3.41, during the past two weeks.
That's according to a survey released Sunday.
Industry analyst Trilby Lundberg cited changes in the price of crude oil because of violence in the petroleum-producing nations of Venezuela and South Sudan.
Although Lundberg says she expects further increases, the current price is still 38 cents per gallon lower than last year.
The average prices of a gallon of midgrade and premium gas were $3.60 and $3.75, respectively. Diesel averaged $4.01 per gallon.