Correction in the markets for February 11th 2013..14066 double top coming..IMF: Global economic recovery “weakening”
http://www.legatus.org/event/2013-annual-summit
Dear Fellow Legates,
As Legatus looks with anticipation and confidence toward its next twenty-five years of studying, living, and spreading the faith, the Baton Rouge chapter enthusiastically invites you to the 2013 Summit to be held at the stunning Phoenician Resort in Scottsdale Arizona on February 7-9. We will be transporting some of our unique Louisiana culture to the desert, to taste, see, and ponder the roots of Catholicism in the Acadian Community.
The themes of religious liberty, conversion, and the New Evangelization will be at the heart of the Summit and we have assembled a group of outstanding speakers who will address these topics. Our presenters will be —
- Archbishop William E. Lori of Baltimore
- Jeb Bush, Former Governor of the State of Florida
- George Weigel, Author of “Witness to Hope”; the biography of Pope John Paul II
- Jeff Fortenberry, U.S. Representative from Neb. and the author of H.R.1179—Respect for Rights of Conscience Act
- Ken Cuccinelli, Attorney General of Virginia
- Tommy Lasorda, former major league manager of the Los Angeles Dodgers
- Mike Piazza, former major league catcher who is expected to be inducted into the Hall of Fame in the first year of his eligibility, (January 2013)
- Sister Miriam, formerly Rosalind Moss, a convert from Judaism and foundress of the Daughters of Mary, Mother of Israel’s Hope
- Fr. Frank Hoffman, Executive Director of Relevant Radio
- Expert Panel:
Alan Sears, President Alliance Defending Freedom
Dorinda Bordlee, VP, Senior Counsel, Bioethics Defense Fund
Mark Rienzi, Prof. Catholic University, and the Becket Fund
Charles LiMandri, Executive Director Freedom of Conscience Defense Fund
As you can see, we are planning a very special Summit. We invite all of you to come to the desert and the spectacular Phoenician Resort to join with fellow Legates from all over the world and experience Legatus at its best.
http://www.bbc.co.uk/news/business-21164752
The International Monetary Fund (IMF) has warned again of a weakening global economic recovery despite government efforts to stimulate growth.
The global economy is likely to grow at a slower rate than previously forecast over the next two years, the organisation said in its latest report.
It said it now expected the eurozone to remain in recession in 2013, having previously predicted growth.
The UK’s growth forecasts have also been revised down.
The IMF said continued problems in the eurozone were weighing on the global economy.
“The euro area continues to pose a large downside risk to the global outlook,” the IMF report said.
“In particular, risks of prolonged stagnation in the euro area as a whole will rise if the momentum for reform is not maintained.”
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firstly i acknowledge Reinhardt and his theory when coming up with this “prediction”..i have been watching the dow for a while and wondering when we will hit the all time high (which is a joke really)..but its coming..and i think it will coincide with this legatus pilgrimage..and look whos coming for dinner..jeb bush..IMF seems to agree..lets see how it rolls..
401
Who wrote that? It wasn’t R was it? I don’t think he’s totally sure yet if they are going to sell off after this event or not. I’m not sure yet either as I thought that the reason might be the debt ceiling but they passed a bill on it through Congress and it’s heading to the Senate next.
If it passes then I’ll have to rethink the sell off, as there needs to be some reason for it. I don’t know if the IMF warning is enough to cause panic but maybe they will announce something unknown yet that will cause some panic?
I can tell you that sometime in late May I see a nasty correction coming and it will be the start of the crash coming later in August. So I’m looking to see when they post the next meeting date for clues.
Cheers Leo. I wrote it. Been watching for that double top for a while.
Ahhh… well I’ve been watching it closely too. I’m thinking that we need a blowoff “all-time” new high to happen first if we are to really crash hard this year. So I do think we’ll do that before the crap hits the fan…
all my work says we’re in a volatile topping process that should could go on into the spring.
unless the 49ers win the superbowl in which case we just keep going up….
Love it!
XXX lol go Niners
Next year xxx, next year!!!! Wilson and co. is coming for your Kaeperwhatever….
lol
753
http://rt.com/business/news/us-major-deposit-withdrawal-740/
US Federal Reserve is reporting a major deposit withdrawal from the nation’s bank accounts. The financial system hasn’t seen such a massive fund outflow since 9/11 attacks.
The first week of January 2013 has seen $114 billion withdrawn from 25 of the US’ biggest banks, pushing deposits down to $5.37 trillion, according to the US Fed. Financial analysts suggest it could be down to the Transaction Account Guarantee insurance program coming to an end on December 31 last year and clients moving their money that is no longer insured by the government.
The program was introduced in the wake of the 2008 crisis in order to support the banking system. It provided insurance for around $1.5 trillion in non-interest-bearing accounts with a limit of $250,000. It was aimed at medium and small banks as the creators of the program believed bigger banks would cope with the crisis themselves.
So the current “fast pace” of withdrawal comes as a surprise to financial analysts because the deposits are slipping away from those banks which supposedly were safe. Experts expected savers in small and medium banks would turn to bigger players come December 31.