Monday, June 18, 2012

With over ¥1.086 Quadrillion in debt, Former Soros Adviser Predicts Japan will Probably Default in 5 years

from John Galt FLA:

Investors should buy assets in U.S. dollars and other currencies of strong developed nations because Japan may default within five years, said Takeshi Fujimaki, former adviser to billionaire investor George Soros.

“Japan is likely to default before Europe does, which could be in the next five years,” the president of Fujimaki Japan, an investment advising company in Tokyo, said in an interview yesterday. Japanese should hold foreign-currency products, such as those denominated in the greenback, Swiss franc, sterling, Australian and Canadian dollars, Fujimaki said.

From an American economic standpoint, a default by Japan would make the collapse of all of the PIIGS nations pale by comparison and create conditions we have never witnessed for the world financial system and have grave geopolitical implications for the United States and the free world.

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Friday June 15, 2012 The Hain Celestial Group, Inc. (NasdaqGS: HAIN)

The Hain Celestial Group, Inc., together with its subsidiaries, manufactures, markets, distributes, and sells natural and organic products in the United States and internationally. The company offers natural and organic grocery products, and in addition offers personal care products such as skin care, hair care, body care, oral care, deodorants, and baby care items, including acne treatment, body washes, and sunscreens. Further, it processes, markets, and distributes prepared foods, such as fresh sandwiches, appetizers, and full-plated meals for distribution to retailers, caterers and food service providers. The company sells its products to specialty and natural food distributors, as well as to supermarkets, natural food stores, mass-market and on-line retailers, drug store chains, food service channels, and club stores. The Hain Celestial Group, Inc. was founded in 1993 and is headquartered in Melville, New York.

To review Hain's stock, please take a look at the 1-year chart of HAIN (The Hain Celestial Group, Inc.) below with my added notations:

After bottoming at $26 in August of last year, HAIN has been in a steady up trend ever since. Along the way, HAIN has started to form a nice trend line of support (navy). Always remember that any (2) points can start a trend line, but it's the 3rd test and beyond that confirm its importance. Obviously HAIN's trend line is very important to the stock since it has been tested on multiple occasions. In addition, HAIN seems to have created a short-term resistance level at $55 (red).

The Tale of the Tape: HAIN has created a nice trend line of support over the last (5) months. A long position could be entered on a pullback to the trend line support, which is currently near $50, or on a break above $55. A short position could also be entered if HAIN were to break the trend line of support.

Aftermath Of Greek Elections & How It Will Affect Investors / by Eric King / June 17, 2012

With many investors wondering what to expect in the aftermath of the Greek elections, today 40 year veteran, Robert Fitzwilson, wrote the following piece exclusively for King World News. Fitzwilson is founder of The Portola Group, one of the premier boutique firms in the United States. Here are Fitzwilson’s observations: “Investors and savers alike are transfixed on the election in Greece. The headline issues were whether or not Greece would retain the Euro, stay in the eurozone, return to the drachma, default on the debt owed to European entities or a combination of the above. We believed those outcomes were secondary to the much more important issues.”

Robert Fitzwilson continues:

“We believe there are really three high-level issues contained in this monetary fog. The first is ‘free money.’ From the so-called PIIGS perspective, the euro experiment was about receiving free money from the Baltic-bordered countries. Indeed, an absolute avalanche of money flooded their way, not only from their European neighbors, but also from the rest of the world as the euro was touted as an alternative to the U.S. dollar.

The money was squandered, but it created huge new demand for products from manufacturing powerhouses, specifically Germany and China. This is called vendor financing. There is an expectation by the lenders of being paid back. Clearly, that is not going to happen….


Bank Runs to Start in America soon - James Wesley Rawles

Bank Runs to start soon in America just after the Euro collapses which it very likely will , get all of your saving out of the banks and hide them somewhere where only you and some family knows the whereabouts says James Wesley Rawles,the banks own just two cents for each dollar they allegedly have in deposit , America has already been looted.And Fort Knox is empty is my guess. Everything is owned by banks while people rent.Businesses are corporate owned by 50 to 1.Citizens are worthless to Big Corporation America.There is a huge privatized prison trained poor population waiting to loot in every city.Created by your tax dollars. Remember when Bush sent troops to protect the really rich in Katrina?Same will happen country wide nothing protected but the SUPER RICH of communities.These gangs of government created non violent offender at first victims will pillage.Watch some prison life documentaries and see who resides close by. Welcome to the reservation.

Rick Santelli Interviews Bart Chilton on CFTC Incompetence

Chart of the Day - Equifax (EFX)

The "Chart of the Day" is Equifax (EFX), which showed up on Thursday's Barchart "All-Time High" list. Equifax on Thursday posted a new all-time high of $48.03 and closed up 3.09%. TrendSpotter just issued a Buy signal on Thursday's close of $47.78. In recent news on the stock, Equifax on April 25 reported Q1 adjusted EPS of 70 cents, above the consensus of 65 cents. Equifax on May 3 announced an additional $200 million share repurchase program. Equifax, with a market cap of $5.6 billion, is one of the leaders in facilitating and securing commerce by bringing buyers and sellers together world-wide through information, transaction processing and Internet businesses.


US Weekly Economic Calendar

time (et) report period Actual forecast previous
10 am Home builders' index June 28 29
10 am Job openings April -- 3.7 mln
8:30 am Housing starts May 725,000 717,000
12:30 pm FOMC announcement
-- --
2:15 pm Bernanke press conference -- --
8:30 am Weekly jobless claims 6-16 385,000 386,000
8:58 am Markit Flash PMI June -- 54.0%
10 am Philly Fed June 0.0 -5.8
10 am Existing home sales May 4.60 mln 4.62 mln
10 am Leading indicators May 0.1% -0.1%
10 am FHFA home prices April -- 1.8%
None scheduled