Archives for October 2015

Untangling America From The American Empire

Courtesy of Charles Hugh-Smith, Of Two Minds The Status Quo would have us believe that America and its Empire are one entity. It is false: America could be untangled from its Empire. And many of us believe it is essential that America untangles itself from its Imperial structures and ideologies. What I call The Imperial Project was […]

Former Australia Prime Minister Chastises EU on Securing Borders, Economic Migration; Mish for President Review

Courtesy of Mish. In a speech I almost completely agree with, former Australia prime minister Tony Abbott chastised the EU in an address at the Second Annual Margaret Thatcher Lecture in London on October 27, 2015. Tony Abbott told the EU to shut its borders because "a country that cannot control its borders starts to […]

The Demobilization Of The American People & The Spectacle Of Election 2016

Courtesy of Tom Engelhardt of TomDispatch You may not know it, but you’re living in a futuristic science fiction novel. And that’s a fact. If you were to read about our American world in such a novel, you would be amazed by its strangeness.  Since you exist right smack in the middle of it, it seems like normal […]

Financial Markets are a Game

Courtesy of EconMatters Forget about Market Multiples: Totally Meaningless Sell-Side Crap Anyone thinking about investing in financial markets should realize that most of the professionals who are on the inside, i.e., have power and access to information and capital to move markets, do not view financial markets as investment vehicles, decisions about P/E ratios, equity multiples, […]

Europe in Deflation: Got (cheap) Milk?

  Europe in Deflation: Got (cheap) Milk?  Why falling food prices are not a boon for Europe's economy By Elliott Wave International In the early 1990s, two simple words from a genius ad campaign radically transformed the way the U.S. consumer saw it: "Got Milk?" Suddenly, the narrative changed from an obligatory drink you had […] Weekly Trading Webinar – 10-28-15 Weekly Trading Webinar – 10-28-15 Timeline 1:40 The Fed: Might it raise rates? Dec. is a terrible time.  3:23 NG, RB, TLT, AAPL, NFLX, TSLA, AMZN 6:34 NQ laggard at 4,637, Trade Idea 11:20 BHI Trade Idea 13:40 Natural Gas (SNATGAS), rolling average; there's a point at which prices won't go lower because producers will stop producing. 19:25 UNG chart […]

Eventually The Weight Becomes Too Much To Bear

Courtesy of Dana Lyons The “equal-weight” S&P 500 has dropped to near 3-year lows versus the cap-weighted version. Previous such events under similar conditions occurred at inauspicious times. Continuing with the impromptu weekly theme regarding the relatively “thin” nature of the recent stock rally, today we take a look inside the S&P 500. Like yesterday’s post on […]

Dirty Secrets, Hush Money, Conviction of Former US House Speaker Dennis Hastert; Was Justice Served? Could Gold or Bitcoin Have Helped?

Courtesy of Mish. Reuters reports Ex-House Speaker Hastert Pleads Guilty in Hush-Money Case. Former U.S. House Speaker Dennis Hastert pleaded guilty on Wednesday to a federal financial crime in a hush-money case stemming from allegations of sexual misconduct, marking the dramatic downfall of a once powerful politician. In exchange for the guilty plea, federal prosecutors […]

Valeant Flash Crashes On Report CVS Terminates Its Philidor From Caremark Pharmacy Network

Courtesy of ZeroHedge. View original post here. A few days ago we laid out Valeant's "Enron" org chart, laying out the extensive, and previously undocumented and in fact, secret, relationships between Valeant and Philidor – the specialty pharmacy whose sole customer is Valeant. As a reminder, it was the revelation of Philidor's shady existence that […]

This Is What The “Invasion Of Europe” Looks Like

Courtesy of ZeroHedge. View original post here. On Monday, we brought you a series of still shots along with a video which depicted the scope of Europe’s migrant crisis via drone footage. The point in highlighting the imagery was to demonstrate just how futile the EU’s effort to establish a series of refugee “holding camps” […]

Courage to Act; Reflections on Fed Hubris; What if Whatever it Takes is Not Enough? Fed Troika?

Courtesy of Mish. This past week, Ben Bernanke was in London promoting his book "Courage to Act". Today, Albert Edwards at Societe Generale pinged me with his thoughts. Edwards writes … Ben Bernanke is in London to publicise his book ‘The Courage to Act’. Although the various open events would have been fascinating, I thought […]

Iraq To Washington: “We Don’t Need Your Help Fighting Terrorism”

Courtesy of ZeroHedge. View original post here. Perhaps the most astounding thing about recent events in the Mid-East is the extent to which outcomes that seem far-fetched one week become reality the next.  This dynamic began back in June when Iran’s most powerful general vowed to “surprise the world” with his next move in Syria. […]

The Fed Just Whacked Corporate Earnings

Courtesy of John Rubino. The markets seemed to like what the Fed had to say yesterday, including the part about definitely, for sure, no kidding around this time raising interest rates in December. Especially elated were currency traders, who bid the US dollar up on the news. Somewhat less enthusiastic, however, are the corporate executives […]

3rd Quarter Advance GDP Estimate +1.5%; December Hike Odds Up to 46.5%

Courtesy of Mish. The third quarter advance (initial) GDP estimate came in at 1.5% a bit under the Econoday Consensus of 1.7%, a bit over the Atlanta Fed GDPNow Forecast of 1.1%, and well below the Blue Chip consensus of 2.1%. Steady domestic spending helped to prop up GDP growth in the third-quarter which came […]

Kickbacks, Conflicts and Darkness: Welcome to Your “Modern” Stock Market

Courtesy of Pam Martens. New York Stock Exchange By Pam Martens and Russ Martens: October 29, 2015  Chances are pretty high that among the daily lexicon of most Americans, you are not going to hear the words “maker-taker.” And yet, outside of the debate about preventing Wall Street’s too-big-to-fail banks to create another epic taxpayer […]

All Hail Our New Lord & Master – The Stock Market

Courtesy of Charles Hugh-Smith, Of Two Minds The all-powerful Federal Reserve is a kitten absurdly claiming in public to be a tiger. If the market threatens to drop, the Fed quickly prostrates itself and does the bidding of its Lord and Master: "No rate hikes, minons!" By cowering in terror of a stock market tantrum, the Fed has […]

Final 3rd Quarter GDPNow Forecast vs. Consensus Estimates Ahead of 3rd Quarter GDP Release

Courtesy of Mish. The initial 3rd Quarter GDP release is due at 8:30AM on Thursday. Inquiring minds may be interested in the GDPNow forecast vs. the Blue Chip estimates vs. the Bloomberg Consensus estimate. GDPNow vs. Blue Chip Consensus Bloomberg Econoday Consensus GDPNow: 1.1% Blue Chip: 2.1% Econoday: 1.7% If you are up in time, […]

It’s what the Fed didn’t say that counts

  Faces of Janet Yellen – Screen shot from Google Images It’s what the Fed didn’t say that counts Courteys of Joshua M Brown Peter Boockvar of the Lindsey Group parses today’s FOMC statement and notices a few possibly meaningful differences that leave room for a 2015 hike: In the 1st paragraph of the FOMC statement, the […]

Chicago’s Sheep Dogs Approve Mayor’s Tax on Sheep; Quote of the Day “It’s Not a Piece of Art”

Courtesy of Mish. “It’s Not a Piece of Art” Mayor Rahm Emanuel, Chicago’s master shepherd, along with his pack of aldermatic sheep dogs, successfully rounded up, then slaughtered the very Chicago taxpayers they were supposed to watch over. After slaughtering Chicago’s sheep with the largest tax hike in history, Emanuel commented “It’s Not a Piece […]

Can The US Raise Rates When Everyone Else Is Cutting Them?

Courtesy of John Rubino. It’s understandable (sort of) that the Fed wants to raise short-term interest rates so it can cut them again in the next downturn. But what if the next downturn is already here? That’s the signal being sent by the world’s other central banks: Sweden’s Central Bank Expands Stimulus Program (New York […]

Pfizer, Allergan Said To Consider Merging; Would Be Largest Drug Deal In History

Courtesy of ZeroHedge. View original post here. Pfizer has an enterprise value of $221 billion. Allergan has an enterprise value of $160 billion. The two companies combined would have a joint EV of nearly $400 billion and a market cap of well over $300 billion. That would make a potential merger between the two the […]

The 6 Reasons China and Russia Are Catching Up to the U.S. Military

  The 6 Reasons China and Russia Are Catching Up to the U.S. Military Courtesy of Washington's Blog Why the Gap In Military Superiority Is Closing China and Russia are still behind the U.S. militarily.  But they are both showing surprising breakthroughs that – sometime down the road in the future – could threaten U.S. hegemony. […]

3 Things: “You Should Buy, Professionals Need To Sell”

Courtesy of Lance Roberts at STA Wealth Management The 1998 Profits Recession I recently quoted the importance of the current profits "recession" as it relates to potential market outcomes for investors. "To me, the pre-conditions for this profits recession speak to downside risk, both for risk assets and for the real economy. None of the data speaks to […]

Fed Drops Risk Warnings, Opens Door for December Hike: Who’s the Fed Fooling? You, the Bond Market or Itself?

Courtesy of Mish. In its Press Release following today's FOMC meeting, the Fed dropped all the references made last month about the softening global economy. Who's the Fed Fooling? Has the global economy stabilized in the last month? Of course not. Have the risks receded? Of course not. Last month China was a concern now […]