MARKETS JOLTED UPWARDS ON LAST ROUND OF BANK EASING

Astoria, New York

China ignites a monster rally after a round of bank easing to stimulate the economy. After being down in the morning, European markets revert and soar to the upside 4 percent across the board. Wall Street followed as the Dow closed above 12,000 with a near 500 point monster move. " This is a positive day for the markets that have been battered because of European woes , but caution is still in peoples mind as they may trade into these wild swings. " commented FPG. The rally affected mostly larger equities with the smaller and micro caps lagging behind. " It is my belief that these micro caps, after being pressured to very undervalued levels lately, will be able to shoot up quickly in the near term. The issue is finding the right one with the ingredients that will facilitate a comeback rally" added FPG. Back in December 2009 , a microcap named Implant Sciences (IMSC) traded at 3 cents. Today, it is trading at 70 cents wuth no reverse split. " You can be holding the next power micro cap in your portfolio and you may not even know. Frustration over good tiny microcaps can lead to an excessive negative performance of these equities before a monster recapture of valuation rally begins. "

EUROZONE HOPES AND RETAIL SALES SEND US FUTURES HIGHER

Astoria , New York

Worldwide markets are soaring and that was good for US futures as they are higher by more than 2 percent. Retailers did very well in post Thanksgiving sales and they are forecasted to be about 1 billion dollars more than last year. " We need to see item sales versus total sales as I may see inflation trickling into all of this, but even so it is very good and a morale booster for the economy. " commented FPG. " With the euroone, it has been a cat and mouse game and every time there is hope, that bodes well for the markets."

CAN RETAILERS REVERSE NEGATIVE WEEK DOWNTREND?

Black Friday or perhaps Black Thursday night for some stores has begun early for US retailers. Best Buy on Northern Boulevard in Woodside , Queens had between one thousand to two thousand early bird shoppers in the midnight hour early Friday morning. " The line of shoppers waiting outside was wrapped around the block. Hot items on sale were computers , flat screens and gaming equipment. " said Berlusconi Italia blogger FPG. Target in College Point had an almost full parking lot of cars. There were people on line but I was able to get in after 10 minutes. A security guard advised that the line was very long before the store opened at midnight. More than a thousand shoppers were at that location too. There were many items on sale. People snapping up flat screens , cleaning equipment , gaming items and towels. " I believe that people are coming out to buy hoping for a good deal and they are getting a lukewarm welcome from retailers. Deals are not that hot but good enough for bargain hunters " commented FPG. Police presence was evident as retailers try to prevent any stampede. Markets may signal some reversal in the negative trend of the past week once retailers begin to release their sales.

THE LAST TIME NORTH AFRICA HAD PROSPERITY WAS UNDER THE ROMAN EMPIRE

* THE VANDALS TAKE AWAY NORTH AFRICA FROM THE ROMANS

to be continued

TURMOIL IN ITALY LEADS TO A RISE OF AN ECONOMIST

Astoria , New York USA

With the end of Berlusconi fourth government in the last 17 years, another government forms. This is one is headed by Mario Monti , a well known and respected economist. He holds an economics degree from Bocconi University in Milan and has completed graduate studies at Yale University. He has been appointed to European Commission in 1994 and was instrumental for the blocking of the merger between Honeywell and GE. Italy has a significant amount of debt and has been said that a default of this nation could have serious repercussions around the world. " Monti's job will be a difficult one as he must implement austerity measures to manage Italy's excessive debt. The real economist blogspot will monitor the new Italian government and its progress in fixing its massive problems. " finalized FPG.

MAYOR BLOOMBERG SAYS TO BLAME CONGRESS FOR UNITED STATES PROBLEMS

* NOW WE KNOW WHY MAYOR BLOOMBERG MAY NEVER BE PRESIDENT OF THE UNITED STATES
Astoria, New York
As reported on Yahoo News, Mike Bloomberg has blamed the United States Congress and banks in the United States for the mortgage meltdown and sinking real estate prices. The billionaire mayor who has made his fortunes on Wall Street and real estate has made the comments in response the Occupy Wall Street Movement. "As a real economist, I understand Mike Bloomberg's frustration with the disruption caused by Occup Wall Street but I don't understand the blame game against the United States Congress. Congress is made up of Democrats and Republicans and they represent the people of the United States. By blaming them, you are blaming the entire United States and its capitalistic structure." said FPG. Blaming the US banks and investment institutions is okay because they are the ones who create all kinds of investment vehicles that have caused the demise of the mortgage market. Perhaps Congress woke up too late when the meltdown already began before acting, but the blame cannot go to them. " I believe that the comment against Congress is not beneficial to the three time mayor and perhaps it sends us a signal that Bloomberg will never be President." finalized FPG.