Make Free Calls From iPhone Using Viber App (Free SMS Coming Soon)

Check this out. The free, ad-less, Viber application on your iPhone allows you to make free phone calls to other iPhone users with the Viber app installed. Free calls are made using your 3G data plan or Wi-Fi network. You can also make free calls internationally and they say the sound quality is better than your cell service. Android and Blackberry versions are coming soon, as is free SMS (text messaging). Could Viber put a huge dent in phone bills every month? I guess it all depends on data plans. It fuses with your iPhone and contacts perfectly it looks like. How will the whole world not use this? Watch the intro videos below via Youtube.

Chris Whalen on Dylan Ratigan Show (Fed Bailouts, Banks and Spain)

Chris Whalen of Institutional Risk Analytics was featured on Dylan Ratigan's show on MSNBC on 12/3/2010. Here are key quotes by Chris Whalen on the recently released details of the Fed bailouts. The video is after the jump.
"Goldman would've failed"

"The Fed is now there to support the speculators and they let the real economy go to hell, that's the bottom line"

"The impact, the negative effect of the speculation, especially in residential mortgages, was so awful that the Fed had to come to the aid of big corporations too which were cut off from commercial paper"

"Wait til we get to Spain. Spain is worse than Ireland"

Groupon Rejects Google's $6 Billion Bid, Coupon 2.0 Wave is Here

I just read that Groupon rejected Google's $6 billion bid. Read more at ChicagoBreakingBusiness, All Things Digital, BusinessWeek, WSJ, Dealbook, CNNMoney.

Couldn't Google build their own location based coupon service?Coupons would pop-up on your phone if you pass a store or restaurant based on search history, purchase history or personal settings. You'd pay with your e-coupon on your phone (phone = new credit card). Your phone would analyze purchase history to help make coupons more relevant. Also a search algorithm could provide real-time competitive coupon deals when a product, store or restaurant is searched for on Google. Local and nationwide businesses would be forced to provide the best deals. The coupon flood is just getting started in my opinion. Especially with the unemployment rate at 9.8%.

Analysis of November HSBC China PMI, OECD Leading Indicator Trending Down Since February (Charts)

From the November HSBC China Manufacturing PMI release at www.markiteconomics.com (the service sector and composite output PMI declined, see below):

"The Chinese manufacturing sector strengthened further in November, with overall business conditions improving at the strongest pace in eight months. This was signalled by the headline HSBC Purchasing Managers’ IndexTM (PMITM) posting 55.3, up from 54.8 in October. Considerable price pressures were also indicated by November’s survey, with both output and input prices rising at substantial and accelerated rates."

A read above 50 means the Chinese manufacturing sector is growing. Under 50 means contracting. Price pressures were expected as consumer prices in China rose 4.4% in October, a 25 month high. Also read: China 'set to tighten monetary policy' (BBC News 12/3/2010). In a similar fashion, the official China PMI reported by the "China Federation of Logistics & Purchasing and National Bureau of Statistics" hit 55.2 in November, up from 54.7 in October. See the chart and data at Bloomberg.com - CPMINDX.

Details of Liquidity Facilities Used By the Fed During Financial Crisis

The Federal Reserve released "detailed information about the liquidity and credit programs and other monetary policy tools that the Federal Reserve used to respond to the financial crisis that emerged in the summer of 2007".Find it all at http://www.federalreserve.gov/newsevents/reform_transaction.htm.

"Facilities and Programs
Agency Mortgage-Backed Securities (MBS) Purchase Program
Term Auction Facility (TAF)
Central Bank Liquidity Swap Lines
Primary Dealer Credit Facility (PDCF)
Term Securities Lending Facility (TSLF) and TSLF Options Program (TOP)
Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility (AMLF)
Commercial Paper Funding Facility (CPFF)
Term Asset-Backed Securities Loan Facility (TALF)
Money Market Investor Funding Facility (MMIFF)
Bear Stearns, JPMorgan Chase, and Maiden Lane LLC
American International Group (AIG), Maiden Lane II and III
Bank of America
Citigroup"

And check this out... "@WSJ: We've created a searchable database of the Fed's emergency lending data. Every loan: http://on.wsj.com/geMgP4"

Bank of America Broke Support, CDS Up, Wikileaks? [BAC Charts]

BAC closed at $10.95, -3.95% and just below support. BAC 5Y CDS (credit default swap) was up 7.21% at 214.338 basis points (+114% YTD).

Is Bank Of America WikiLeaks’ Next Target? (Forbes)

Bank's Stock Declines on WikiLeaks Anticipation (WSJ)

BofA Mortgage Morass Deepens After Employee Says Trustee Didn't Get Notes (Bloomberg)

WikiLeaks Says It Holds Documents From Bank of America Executive - (Bloomberg)

Wikileaks: 5GB of Dirt on Bank of America - (The Big Picture)

Wikileaks chief said he has 5GB of secret docs on Bank of America - exclusive - (Raw Story)



BofA CDS 5Y - CBAC1U5 (Bloomberg)


Charles Nenner: Next Crisis Hits in 2013 When Sunspot Cycle Peaks, Predicts Dow 5,000 (Video)

Did you know sunspot cycles move in tandem with the stock market? You learn something new every day. Charles Nenner of Charles Nenner Research believes the market will "muddle through" until 2013 when the sunspot cycle peaks. He then predicts the Dow will drop to 5,000 (break the March low).

The less sunspots there are, the more depressed people are, and that in turn affects the economy. Was there a Sunspot/Dow divergence from 2002-2007? Here's the actual prediction by NASA/Marshall Solar Physics which was updated on 11/3/2010:

"Current prediction for the next sunspot cycle maximum gives a smoothed sunspot number maximum of about 66 in June of 2013."

Click on the chart for a closer view of the sunspot forecast. In the first segment, Nenner said EUR/USD will move lower as the U.S. economy grows faster than Europe. Watch the CNBC video after the jump.

George Bush Talks His Book at Facebook HQ With Zuckerberg (Video)

I'm watching former President George W. Bush shamelessly promote his new book, "Decision Points", with Mark Zuckerberg at Facebook headquarters. Good marketing move. Video after the jump.

WikiLeaks' Next Target is a Major Bank!

Prepare yourselves... From Forbes.
"In a rare, two-hour interview conducted in London on November 11, Assange said that he’s still sitting on a trove of secret documents, about half of which relate to the private sector. And WikiLeaks’ next target will be a major American bank." (full story)

Spain Government Bond Yields Spike, 10-Year at 5.42%, EUR/USD at 200DMA

The European debt crisis is hitting Spain. Spain Government Bond yields and credit default swaps made new highs today. Spain's 10-year bond yields 5.427%, which is up 122 basis points or 29% in a month. Spain's 5-year bond yields 4.81%, up 168 basis points or 53.6% in a month. Data and snapshots are courtesy of Bloomberg.com. I added news links at the end of the post. EUR/USD (Euro/US Dollar) is currently testing the 200 day moving average and Dennis Gartman told CNBC today that any Euro rallies should be sold (video after the jump).

Spain 5y Bond Yield (GSPG5YR:IND)


Spain 10y Yield (GSPG10YR:IND)


EUR/USD (Euro/US Dollar)


Reads: Sheila Bair's Warning, Russell on Equities, Ireland Gets Bailout, Korea Conflict, AAII Elevated

Continued from the 11/24/2010 powerlinks fest.

Will the next fiscal crisis start in Washington? by Sheila Bair (FDIC Chairman) - Washington Post

Lee Myung Bak (South Korea President) Vows to Make North Korea Pay for Attack as China Urges Talks - Bloomberg

Richard Russell - Stocks Repeating 1930, Gold Building Base (Dow Theory Newsletter) - King World News

Ireland gets a $113 Billion bailout; Germany Drops Threat on Bonds - Bloomberg

Irish to Pay 5.8% for Bailout as Taxes, Senior Debt Protected - Bloomberg

Following Hungary And Ireland, France Is Next To Seize Pension Funds - Zero Hedge

Robust Sales for Holiday Weekend - NYT

AAII Bullish sentiment rebounded to 47.4% (remains elevated) - PragCap