Tuesday Brainstorming - part 1

1. The biggest news are the primaries today and whoever bought the market on Bernankes statement except PPT should look for a new day job - whoever traded on behalf of his calls lost a fortune.

excerpt

Bernanke Says Economy Seems to Be on Track

Bernanke offered cautious reassurance that the U.S. recovery is on track, despite recent turmoil in financial markets and worries about the health of Europe's economy.

here some real indicators how american economy does

v

"Bringing the measurements of critical economic activities into the twenty-first century by
mining tracking data for an understanding of what American consumers were doing yesterday."

	Growth Index Past 4 Years(1):
	(Click on chart for fuller resolution)
	Notes: (1) The Consumer Metrics Institute's 91-day 'Trailing Quarter' Growth Index -vs- U.S. Department of Commerce's Quarterly GDP Growth Rates over past 4 years. The quarterly GDP growth rates are shown as 3-month plateaus in the graph. The Consumer Metrics Institute's Growth Index is plotted as a monthly average. Please see our Frequently Asked Questions page for a more complete description of our Growth Index.

---

	Consumer Metrics Institute's Contraction Watch(2):
	(Click on chart for fuller resolution)
	Notes: (2) The comparison of the 91-Day Growth Indexes during the 'quarter' immediately following the commencement of a contraction. The quarterly GDP growth rates are shown as 3-month plateaus in the graph. The Consumer Metrics Institute's Growth Index is plotted as a monthly average. The contraction events of 2006, 2008 and 2010 are shown against the same scale of annualized contraction.

2. Here another piece of Israeli propaganda - the only thing they do not claim yet is that Turkey organized the 9-11 attack. whoever is responsible for that strategy must be a moron as the only thing they can achieve is to unify the Islamic world against Israel and that might be something they do not want to have.

excerpt

Osama bin Laden and top aides are hiding in Sabzevar, Iran
DEBKAfile Exclusive Analysis June 8, 2010, 12:16 AM (GMT+02:00)

Tags: Iran Osama bin Laden

Osama bin Laden stayed out of sight for years

Osama bin Laden's hiding place was pinned down for the first time Monday, June 7, by the Kuwaiti Al-Siyassa Monday, June 7, as the mountainous town of Savzevar in the northeastern Iranian province of Khorasan, 220 km west of Mashhad. He is said to have lived there under Tehran's protection for the last five years, along with Ayman Al-Zawahiri and five other high-ranking al Qaeda leaders.
debkafile's intelligence sources disclosed Monday night that Turkish prime minister Recep Erdogan and his intelligence chiefs are well aware that Bin Laden and Zawahiri are hiding in Iran. The leak to the Kuwait paper was intended to show the Obama administration that the Turkish leader's ties with Iran had grown intense enough for him to be fully in the picture of Iran's secret sanctuary for the authors of the 9/11 attacks on the United States.

Savzevar, a small town of about a quarter of a million inhabitants, is connected by road to Tehran and Mashhad and has a small airport. A center for producing grapes and raisins, its location is remote and difficult to access because it is enclosed by lofty mountains and a salt desert 50,000 square kilometers in area.

On May 13, American intelligence sources reported in detail that senior al Qaeda operatives living in Iran had been allowed to leave the country through Syria to orchestrate terrorist attacks on American targets. Among them was Saif al-Adel, who is believed to have been assigned with planning an attack on the world soccer games opening in South Africa on June 12.
Those sources noted that Saif al-Adel had received his instructions directly from Osama bin Laden and Ayman Zawahiri but did not reveal knowledge of their presence in Iran.
debkafile's counter-terror sources disclose that the purpose of airing their precise whereabouts at this time, aside from implicating the Turkish leader, was first, to warn al Qaeda's leaders that their hideout was blown and they had better move on - which would make them easier to catch; and, second, to nudge US president Barak Obama into a decision to go after them.

A rare opportunity may now be building up to capture the world's most wanted terrorist, debkafile's counter-terror sources report. Last December, US Defense Secretary Robert Gates acknowledged the United States has not had any good intelligence on bin Laden's whereabouts in years. Until recently, the elusive master-terrorist was generally thought to have gone to ground in the wilder parts of Pakistan-Afghanistan border region.