Financial news and tech news and other things

Firstly, I received a comment regarding my post on Pastor Daniels from someone who claims to have been in the area at the time. I am not sure I can post it because it includes someone's name and they are not a public figure.

Yahoo - Good Morning America - Siri's Going Through Puberty, but Not Fast Enough. Basically the article is complaining that the software assistant called Siri that comes with Apple products is not predicting what you will do well enough.

Washington Post - Bloomberg - World economic group calls for global exchange of tax information to fight evasion. A one world tax organization, how global.

PhysOrg - Japan experts to OK animal-human embryos test: reports (Update). Just another bad idea and one that shows no respect for human life.

Yahoo - Daily Ticker - Bernanke & Fed Don’t Know How to Quit QE: David Stockman.

Yahoo - Reuters - Dolce and Gabbana Sentenced to Jail for Tax Evasion.

CNN - Physicians group labels obesity a disease. The important thing is not whether or not it is true because it is not a disease, the important thing is that they can make more money off it if they say it is true.

Yahoo - Reuters - Euro ministers to decide direct bank recapitalization rules on Thursday. And they are deciding that in the future they will do "Bail-ins", just like the IMF, BOE, FDIC, Canada...

New York Times - China’s Great Uprooting: Moving 250 Million Into Cities. They didn't build all those brand new empty cities for nothing.

Yahoo - Reuters - End to Fed stimulus, China slowdown spark world sell-off.

Lets see, gold is down from $1,800 to about $1,280. Don't buy gold. You cannot eat it, you cannot use it as currency and it is easily stolen.

Well the Asian markets are beginning to wake up and it is not pretty. The Nikkei is down about 300 points or another 2+ percent. Tomorrow should be interesting on Wall Street.

It Aint Over, More to come in Stock Market

Well, I guess I was right about June being a bad month for the stock market.

Yahoo - CNBC - Stocks Nosedive 2%, Dow Ends Down 350 on Fed Taper Talk; Vix Tops 20 for First Time in 2013.

The stock market is just an indicator of what the real threat is that is coming and that is bank failures. Things are going to get worse.

Oh wow, foreign markets are really down.

I woke up in the middle of the night. I had an ice cream, a cigarette and a glass of wine. I put on some music and checked the financial news. The Asian market is down almost 3%. Imagine a country losing 3% of it's wealth in a day. It doesn't sound like much but imagine 3% of your population losing their jobs in one day. Just using really bad numbers, lets try this. China has over a billion people, imagine having about 18 million lose their jobs in one day. The Hang Seng index went down 2.88% last night.

Americans do not understand it. Imagine if we lost the ability to have jobs for 3% of our population that are willing to work in one day. There was a time when we had under 5% unemployment, businesses were begging for employees and the jobs were filled, people are willing to work, not me, others. I am a lazy old man who wants to retire and be paid to. In my industry the average lifespan after retirement is 18 months. I think it is too generous; but, it is what it is. How many years should one have free from work? Shouldn't we all have at least a year to understand what it all meant and rest?

I have collected a lot of financial articles to post and did not. The issues are not financial, they are very human. I will post them in the next few days. Have a great week.