Nadita File - 04/09/2014

[Nadita]

Nadita File – 04/09/2014

 

Good evening everyone, thanks for watching Nadita File where the spin starts here

There are a lot to report tonight and let's begin with

 

Breaking news : Pattyangel got her hands on Federal minutes on special meeting held on March 4^th to discuss forward guidance.  Participants agree 6.5% unemployment threshold is outdated. Unanimous decision to remove threshold.  Some participants concerned rise in funds rate forecast could be misconstrued as indicating move to tighter policy. All but one see first rate hike in 2015 or later, but large majority see gradual fund rate rise.  Further tapering expected if economy improves.  Fed sees fewer headwinds, better growth in 2014 but some members concerned over inflation being too low.  Fed also sees Ukraine having little effect on US economy.

 

GM crisis :  Genx4me heard NHTSA fines GM $7,000/day for missing Apr. 3 deadline to answer agency’s questions about recall. In the meanwhile, Jaylay hears that GM is offering lower priced version of 2016 Chevy Volt with hopes to boost demand for the hybrid.

 

Missing plane : Zuluman reported search ship has detected two more underwater signals that may be from missing plane’s black boxes.  The search definitely has raised hope wreckage will be found.

 

Ukraine crisis :  Umbertino reported most people held by pro-Russian separatists in govt building in Luhansk have been let go.  Pro-Moscow groups seized offices on Sunday.  Asst Secy Nuland said US has no doubt Russians were behind takeovers govt buildings in eastern Ukraine this week.  Pouting Putin threatens to demand Ukraine pay up front for natural gas from Russia.  He further asked Gazrpom to hold off on the measure pending consultations.

 

The bull climbed 181 points on the slippery slope.  BOFA Merrill upgraded ETrade (ETFC) to neutral from underperform.  Morgan Stanley downgraded auto maker GM from equal weight to underweight, whereas Omnicell (OMCL) upgraded to buy from hold at Craig Hallum Capital.  Linkedin and Yelp are upgraded from hold to buy.  Gray Television (GTN) soaring after  upgraded to outperform at Wells Fargo.  La Quinta, hotel operator opened IPO at $17, iKang Chinese healthcare rallied after opening for trading on the Nasdaq with opening price at $14.  Wiljor was with executives from Comcast and Time Warner Cable who are testifying at Senate hearing on proposed $45B merger.   Littlesam can't believe mortgage applications fall 1.6% and refi index down 4.9% whereas fixed 30 yr mortgage rates averaged 4.56%.  Boosterbglee heard Federal raided Dr. Salomon Melgen’s Florida office last year, he billed more than $20M in medicare in 2012.  He commented that vast majority reflects the cost of drugs. Dr. Melgen stands by his record of improving the vision and quality of life of patients from around the world.  Analysis of physician data released by little obe administration, showed small numbers of doctors paid about $3M or more each in 2012.

 

Eburt reported Toyota to recall 6.4 million vehicles worldwide due to issue with steering, airbags and seats.  Recalls involves 27 models made between 2004-2010; Toyota is aware of 2 cars catching fire, no injuries.  Neopolitan wonders why Volkswagen also recalls about 25K cars built after February 1 for potential transmission fluid leaks, the stock traded 5% higher.  Bumper64 shaking his head when he hears foreign profits held overseas by US corporations to avoid taxes at home nearly doubled from 2008 to 2013 amounted  $2.1 trillion.  Goldman Sachs may shut down vast dark pool trading operation, known as Sigma X.  Tankdude wonders why JP Morgan CEO Dimon says US Banks have recovered from global crisis but European banks lagging.  Saint reported Fed, FDIC, OCC approve new rule to require big US banks to keep at least 6% leverage ratio.  Banks would have to add up to $68 billion in extra capital.  Jaylay heard Bank of America reaches settlement of about $800M over credit card practices.  UBS downgraded coal stocks WLT, ACI, ANR.  Snowglobe reads about Piper Jaffray teen survey 2014, 30% of teens say instagram is most important social network vs 23% for facebook, 61% have an iPhone and 67% expect next phone to be one. Survey of 7500 teens, 17% would buy iWatch priced at $350 and interest for iWatch is growing.

 

Chess reported Treasury Secr Lew says many parts of US economy could still do better.  There is still a demand problem in Europe.  He added we need to keep working on reforming Freddie & Fannie.  He further noted China needs to move to a market determined exchange rate.

 

Calkid11 heard Little obe to meet today with families of those killed in last week’s shooting.  It is reported 3 people killed and 16 wounded in the rampage at Fort Hood, Texas.  Meanwhile, a marine at Camp Lejeune in North Carolina is in custody after allegedly shooting and killing a fellow marine.  Shooting happened in a guard shack.

 

From dinar land : Vietnam1969 is not happy as wave of car bombings hits mostly Shiite areas in Baghdad this morning.  Stealthwarrior reported at least 16 killed, dozens wounded.  No group has claimed responsibility yet.  Sandfly fired Tbombs on alien’s camps as a result of a tip from insider destroying alien’s weapon supplies and camps.  Maliki in his weekly address asked all Iraqis to unite in fighting aliens to save Iraq from being divided by aliens.  He added terrorism will not hold Iraq back from its economy and development growth, Iraq will go forward.  Many provinces are operating on 2013 left over budget and the 2014 budget must be approved without further delays to keep the projects going.  Lawrenceofdinaria just finished 3,600 low housing units, the banks welcome any Iraqis who wants to apply for a mortgage.  Puckster_guy was with one of the CBI expert who says the printing of new banknotes will contain several security features that will be impossible to duplicate.  The printing of the new banknotes is to silence some critism of the quality of current banknotes.  He further added that the printing of the new bills has nothing to do with future plans to revalue the dinar and project zero.  Another Economist stated CBI decision to sell gold to the public will ultimately strengthen dinar and reduce dollarization.  It also means that CBI has enough reserve for foreign investors and international banks to participate in Iraq’s economy.

 

From rumor land : Pepperoni says 20% of dinar being sold now is recycled (people give up, sell it back, etc).  Poppy3 was told three times that there supposed to be announcement made involving WB and international bankings. Millionday thinks the rate may float from reality rate.  Frank believed the monetary reform paperwork was signed two weeks ago in Baghdad and brought to DC and UN as Iraq getting ready for the big move.   Okie oilman says we should be hearing news soon about what has already happened not what is going to happen.  Delta says the larger notes are printed for international business.  Our notes will co-exist with the new notes for well beyond 2 years.  Mountain goat believes parliament has to stall the budget since CBI has not yet announced the revaluation of their currency and there are details of the new rate within the budget.  Nova thinks IMF will release the rate when IMF is good and ready.

 

Mini storms of tumbleweed have invaded the drought stricken prairie of southern Colorado, blocking roads and irrigation canals.

 

The spin stops here  send your comments to #naditafile,  Dinar Thug is next… Good night everyone 

Edited April 10, 2014 by Nadita

[sandfly]

THANKS

[Nadita]

THANKS

It's always good to see you

[boosterbglee]

Thanks Nadita....thoroughly enjoy your  report, the Spin never gets old! 

[balkanbob]

Great read. Always look forward to the  Nadita File. Thanks

[eburt]

Thanks Nadita as always your SPIN is very good

[nannab]

Thank you Nadita.

[MyLadiesDaddy]

Good post. Thanks

4-15-2014

[genx4me]

Thanks for keeping us updated on the news! Another great spin!!

[RVWITHME]

Nadita,

Your reports just keep getting better.

Also noticed you were burning the midnight oil lastnight too

[chess]

NADITA....

 

You covered a LOT of issues!  Not easy, we know!

 

Would be interesting to do a poll of the delegates, as to a

pre-RV gathering. South Fla.?

[LeeC]

Always interesting reading.  Thanks Nadita!

[Wiljor]

Fantastic spin Nadita!!! Again I stand and salut you, with Margarita in hand, and say thank once again for your overview of the days events.

[umbertino]

Grazie for your continuous research work ( and time and effort) . It's appreciated.

[LAWRENCEOFDINARIA]

Nadita,

 

Along with a wave of thanks and positive responses your spin...

 

 

I'll add one more and say thank you! 

ps...I'm the life guard on duty and you'll be in good hands

[JayLay]

Superb Nadita

I'm with LGD now. Just keep repeating 4-15-2014 and it will happen.

4-15-2014

[calkid11]

Thank you Nadita for the greAt spin.

[rope]

     

    <----------rope

[Texas1]

And Texas1 reports that Obama comes to Texas, a state no President wants to arrive in a convertible

[SgtFuryUSCZ]

***///

 

... all the news unfit to print served up with a NADITA flair... and a SANDFLY on top !  YUMMY !   

 

   !  Thanks, kiddo !

[Thriver]

Thanks Nadita. Always uplifting!

[Texas1]

Thanks Nadita. Always uplifting!

Unlike a sports bra