Archives for May 2014

Why is a raven like a writing desk?

Why is a raven like a writing desk? By Ilene In her new book, The Mad Hatter: The Role of Mercury in the Life of Lewis Carroll, my friend Mary Hammond explores Lewis Carroll and the origin of his Alice in Wonderland character, the Hatter. The secret of using mercury in felt hat manufacture came to England in the late […]

Why is a raven like a writing desk?

Why is a raven like a writing desk? By Ilene In her new book, The Mad Hatter: The Role of Mercury in the Life of Lewis Carroll, my friend Mary Hammond explores Lewis Carroll and the origin of his Alice in Wonderland character, the Hatter. The secret of using mercury in felt hat manufacture came to England in the late […]

The United States Of Secrets (Part 2)

Courtesy of ZeroHedge. View original post here. Submitted by Tyler Durden. On the heels of this week's mainstream US media interview with Edward Snowden, it appears the general public is growing increasingly aware of the US surveillance leviathan's reach. In the following (part 2 of a 2-part series, part 1 here), PBS' FrontLine reveals the […]

Here Comes QE In Financial Drag: Draghi’s New ABCP Monetization Ploy

Courtesy of David Stockman via Contra Corner You can smell this one coming a mile away: The European Central Bank and Bank of England on Friday outlined options to reinvigorate the market for bundled bank loans, which was “tarnished” by the global financial crisis, saying a better-functioning market for asset-backed securities can help boost lending to […]

Dallas Fed lays an important Foundation for Fisher Effect

    #170868678 / gettyimages.com Dallas Fed lays an important Foundation for Fisher Effect Courtesy of Edward Lambert, Angry Bear There is a movement taking place to understand the Fisher Effect. What is the Fisher Effect? Basically the idea is that low and stable nominal interest rates from the central banks leads to low and stable […]

Wine Country Conference II Videos: Stephanie Pomboy “Confessions of Ben Bernanke”, Mebane Faber “Global Stock Valuations”

Courtesy of Mish. A second set of Wine Country Conference Speaker Presentation videos is now available. This set features Stephanie Pomboy on the “Confessions of Ben Bernanke“, Mebane Faber on “Global Stock Valuations“, and panel a discussion with John Hussman, Mebane Faber, Stephanie Pomboy. The final set will be out next week. This Year’s Charity […]

All The “Dislocation, Dislocation, Dislocation” Charts You Can Eat

Courtesy of ZeroHedge. View original post here. Submitted by Tyler Durden. US stocks continue to breach record levels while highly rated government bond yields slide – – all with the prospect of continued support from the world’s central banks. Indeed, expectations that the European Central Bank would unveil a package of supportive policy measures when […]

Bottoms Up or Top Down

Bottoms Up or Top Down Insider Action: Still Positive Despite New Highs By Dr. Paul Price of Market Shadows I put more faith in actual transactions with money on the line than sentiment surveys where people can say one thing while doing something else. The Thomson Reuters Insider Sell-Buy ratio has proven to be especially prescient […]

Sell in May, Keep Profits Away

Sell in May, Keep Profits Away By Dr. Paul Price of Market Shadows Cliches are fine to listen to but often become expensive when followed blindly.  All the major indices rallied in May and finished the month positive year to date. The DJIA is now the laggard, up just 0.85% since Dec. 31, 2013. The Standard […]

Has The Next Recession Already Begun For America’s Middle Class?

Courtesy of Michael Snyder of The Economic Collapse Has the next major economic downturn already started? The way that you'd answer that question might depend on where you live. If you live in New York City, or the suburbs of Washington D.C., or you work for one of the big tech firms in the San Francisco area, you would […]

Insider Trading Bombshell: FBI/SEC Investigating Carl Icahn & Phil Mickelson

Courtesy of ZeroHedge. View original post here. Submitted by Tyler Durden. Did you hear the one about the Vegas gambler, the Pro golfer, and the Wall Street insider? Straight off the pages of some Hollywood script, the Wall Street Journal reports that Federal investigators are pursuing a major insider-trading probe involving finance, gambling and sports, […]

The Rise of Africa… and How To Play It

  #172598127 / gettyimages.com The Rise of Africa… and How To Play It By Adam J. Crawford at Casey Research Sub-Saharan Africa (SSA). Say the words and most people think of poverty… famine… epidemics… political strife… sectarian violence. Yet, just recently, Microsoft announced a new investment on the continent, calling Africa a “game changer in […]

What Else Has Steve Ballmer Overpaid For?

  #187229240 / gettyimages.com Courtesy of ZeroHedge. View original post here. Submitted by Tyler Durden. As reported yesterday, Former Microsoft CEO Steve Ballmer appears set to be the new owner of the LA Clippers, or Clippys as they are now known, paying the record-shattering price for a basketball team of $2 billion. This is the second […]

CEO Confidence Tumbles To 2014 Lows

Courtesy of ZeroHedge. View original post here. Submitted by Tyler Durden. Q1 GDP growth in the US was simply abysmal – its worst in 3 years – but that does not matter as hope springs eternal that Spring is sprung and it's all green shoots from here. However… that's not what we are seeing in […]

Balancing the Budget and the Trade Deficit is Easy: Return to Gold Standard

Courtesy of Mish. The Daily Ticker's Lauren Lyster conducted an interesting interview today with British Member of Parliament Kwasi Kwarteng on gold and balancing the budget. To play the video, click here. Kwarteng is author of War and Gold, a Five-Hundred-Year History of Empires, Adventures, and Debt. Kwarteng notes the historic stability under gold standards, […]

Apple Stock Rises iPhone 6 Rumors

Apple Stock Rises iPhone 6 Rumors By JIM EDWARDS at Business Insider People are slowly realizing that Apple's new iPhone 6, expected in the fall, is going to be so much more massive than iPhone 5, iPhone 5S, and iPhone 5C were — and it's showing in the stock. Apple stock is nearly at $640 this morning. It […]

Market Tranquility is Sowing the Seeds of its Own Demise

Gillian Tett (Financial Times) and Joshua Brown (The Reformed Broker) discuss the lack of volatility in the financial markets in this CNBC video clip: "Historically you are not rewarded for putting in new buying orders in risk assets when there's zero volatility. Historically you're rewarded when you buy during volatility. So I don't think this complacency is […]

SEC Chair Mary Jo White Earns the Wrath of the Media for Refusing to Acknowledge High Frequency Trading Perks as a Crime

Courtesy of Pam Martens. America Is Having Buyer's Remorse With SEC Chair Mary Jo White SEC Chair Mary Jo White’s untenable position that “markets are not rigged” is bringing unwelcome attention to the SEC’s dismal record on ensuring that stock exchanges operating in the U.S. are fair. Since bestselling author, Michael Lewis, went on 60 […]

Still Think The Fed Isn’t Fueling Inflation?

Courtesy of Charles Hugh-Smith of OfTwoMinds blog, Just as we can't eat iPods, we can't subsist on official reassurances that the Fed and inflation are both benign. There is a great divergence between the conventional financial media and the public who goes to the supermarket: the financial media swallows whole the official artifice that inflation is near-zero […]

Debt Rattle May 30 2014: The Pretty Girl and the US Economy

Courtesy of The Automatic Earth. Dorothea Lange Broke, baby sick, car trouble, Missouri family, Highway 99, CA February 1937 There’s a persistent story that says (though I don’t think I can confirm it) that a pretty girl prefers to surround herself with less pretty girls – all in the eye of the beholder – in […]

Closing June Option Early, Adding New Name

One In, One Closed-Out  By Dr. Paul Price of Market Shadows We made some trades in Market Shadows’s Virtual Put Writing Portfolio today. We closed out our 5 contracts of EZCORP June 21, 2014, $12.50 puts @ 55-cents per share. These had been sold last Dec. 3 for $1.95 per share when EZPW was trading for $11.24. At 10:30 this […]

Clash of Generations – Boomers vs. Millennials: Attitude Change Will Disrupt Wall Street and Corporate America

Courtesy of Mish. As boomers and gen-Xers hand over the economic reins to millennials, a once in a multi-generational attitude shift comes with it. Unlike boomers and gen-Xers focused whose primary focus was on money and “getting ahead” lifestyles, millennials have more of a depression-era survival mentality coupled with a completely different set of values. […]

The Underpants Gnomes

Things That Make You Go Hmmm: The Underpants Gnomes By Grant Williams This week’s TTMYGH will be a little shorter than usual (“Thank heavens!” I hear you cry) owing to my presence at the Strategic Investment Conference 2014 this past week and the travel time to and fro. Due to the hectic schedule and the […]

Illinois Has Worst Pension Crisis, Needs Boldest Reforms, Not More Tax Hikes

Courtesy of Mish. Governor Pat Quinn passed Illinois’ largest tax hike on record immediately after he was elected. That tax hike was supposed to be temporary. It won’t be, if governor Quinn and House Speaker Michael Madigan get their way. Madigan, Quinn, and other Illinois politicians are attempting the same worn-out, taxpayer-unfriendly, method of threatening […]