Author Archive for Zero Hedge

G-20 Meeting Ends With Rising Dischord Between China And US

Courtesy of ZeroHedge. View original post here.

Over the weekend, the Group of 20 convened in yet another meeting in Chengdu, China, where they reiterated a long-running pledge to use all policy tools to help boost confidence and growth, but instead of emphasizing monetary policy the group said they would focus on fiscal and structural measures. Then again, since incremental fiscal stimulus would likely result in additional central bank monetization in order to avoid a steep selloff in government bonds and risk a yield spike, what the G-20 really did is set the stage for even more central bank-funded deficit spending, aka soft helicopter money.

“The global economic recovery continues but remains weaker than desirable,” finance ministers and central bank governors said in a joint communique at the close of a two-day gathering in Chengdu, China Sunday. They clearly did not believe that the S&P at record highs is indicative of a US, or global, economy that is firing on all cylinders. Incidentally, neither does the BIS which a month ago warned about the dangers of overheating asset prices as a result of unprecedented global monetary stimulus.

“We will carefully calibrate and clearly communicate our macroeconomic and structural policy actions to reduce policy uncertainty, minimize negative spillovers and promote transparency.”

“Underscoring the essential role of structural reforms, we emphasize that our fiscal strategies are equally important to support our common growth objectives,” the group said, in slightly modified language from its last communique, issued in April. Three months ago, the group didn’t use the term “essential” for reform, nor the word “emphasize” for its fiscal policy. The April document also didn’t refer to fiscal strategies being “equally” important.

As in the April and February communiques, the G-20 said “monetary policy alone cannot lead to balanced growth.”

Additionally, and as has been the recurring theme for months, the G-20 repeated its pledge to avoid competitive currency devaluations, consult closely on foreign-exchange policy and resist all protectionism. Japan, as in the past, underscored that the communique also reaffirmed warnings against “excess” currency volatility.

* * *

All of the above was largely in keeping the traditionally toothless and diplomatically correct phrasings of G-20 meeting statements.

But while the group traditionally tries to put on a united front, a curious divergence emerged following the latest meeting in China, where as


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Busting Media Myths On Peak Oil

Courtesy of ZeroHedge. View original post here.

Submitted by Kurt Cobb via OilPrice.com,

Almost synonymous with the term “peak oil” is M. King Hubbert, perhaps the foremost geophysicist of the 20th century, who first theorized about the eventual decline of oil production in the 1930s. His life has now been chronicled by science writer Mason Inman in a new biography entitled The Oracle of Oil.

Depending upon whom you speak with, peak oil is either a catastrophe waiting to happen or a far-off concern that has already been solved or will be soon. Frequently, peak oil is referred to as a myth. What you rarely hear is that peak oil is an empirical fact having already occurred in dozens of countries.

The term “peak oil” simply means that crude oil production for any field, region or country eventually reaches a peak or plateau from which it inexorably declines. Because the amount of oil in the Earth’s crust is finite, it is logical to assume that one day peak oil production will occur worldwide. The concern is that we as a global society are so accustomed to rising oil production that we have built an entire world around that assumption. Will we be ready when oil production begins to decline?

To shed some light on that and other questions, author Inman takes us from Hubbert’s early days at the University of Chicago to his famous speech in 1956 (in which he predicted a peak in U.S. crude oil production no later than 1970) to his days in Washington, D.C. working for the U.S. Geological Survey and his fights there concerning the timing of a U.S. oil production peak.

In the course of the story Inman puts to rest misconceptions about Hubbert and about peak oil.

First and foremost, peak does NOT mean running out. As explained above it means the trend of rising oil production reverses into a decline. When this reversal occurs worldwide, it could pose challenges for a society that has yet to find a cheap, widely available substitute for petroleum to fuel its transportation system. Electric vehicles are still in their infancy and would require huge infrastructure investments. And, petrochemicals made from oil are the basis for a wide variety of clothing, medicines, lubricants, pesticides, and industrial chemicals. Oil is embedded practically


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Foreign Buyers Continue to Inflate Global Residential Real Estate Bubbles – This Will End Badly

Courtesy of ZeroHedge. View original post here.

We have frequently talked about the negative future consequences of hot international money chasing “safe” foreign real estate investments.  The recent 2016 Profile of International Activity in U.S. Residential Real Estate published by the National Association of Realtors underscores our concerns perfectly.  A look specifically at the purchasing activity of Chinese investors indicates that while aggregate purchase volume slowed somewhat in 2016, the average price paid per unit continued its meteoric rise to $937k, representing a 20% CAGR for Chinese buyers since 2011 vs. only 4% for the U.S. market overall, with purchases concentrated in larger markets like California, New York and Texas.

Chinese Purchases of US Residential Property

Major Destinations of Foreign Buyers from China

Other international real estate markets are exhibiting similar issues but seemingly to a much worse degree.  In several Canadian markets, for example, residential real estate prices are up well over 30% YoY through June 2016.  In fact, an average single-family home in Greater Vancouver now costs well over $1.2mm.  Australia, another popular haven for Chinese investment, has also witnessed double digit growth in certain residential real estate markets.

Greater Vancouver Home Prices

Fraser Valley Home Prices

Canadian Market Home Prices

When asked recently about rising home prices and whether certain housing markets in Canada were in a bubble, Central Bank Governor Stephen Poloz responded by saying, “Low interest rates is something we all have in common, and that’s going to cause these things to happen.  The risks are clearly rising…I just don’t know how big the risks are.”

To the extent we can offer any assistance to Mr. Poloz in calculating the risks associated housing bubbles, we would be happy to do so.  It just so happens that we here in the U.S. have a very good, recent case study on what exactly happens when housing bubbles burst.





The Real Message From Asset Inflation

Courtesy of ZeroHedge. View original post here.

Submitted by Alasdair Macleod via GoldMoney.com,

The earliest signs are developing of hyperinflation, more correctly described as a collapse of the purchasing power of all the major government currencies.

Central bankers are almost certainly unaware of this danger, partly because their chosen statistics fail to capture it, but mostly because conventional monetary economic theory is lacking in this regard.

This article draws on the evidence of extreme overvaluations in equities and bonds worldwide, and concludes the explanation lies increasingly in a greater perception of risk against holding cash, or bank deposits. Risk relationships between cash and assets are inverting, due to failing monetary policies and escalating counterparty risk with the banks.

There are of course subplots involved, such as the real and imagined rigging of markets by central banks, and the bullish confidence that gives to buyers and holders of investments. Then there is the unanimous assumption that interest rates must not and therefore will not be permitted to rise.

Extreme one-way bets aside, the overriding reason for valuation disparities is becoming more consistent with the downgrading of cash, rather than a revaluation of assets. If this was happening to money’s relationship with goods and services, economists would begin to worry about inflation, stagflation, and even hyperinflation.

Why asset inflation matters

Because today’s price inflation is mainly confined to assets, no one worries. Instead investors rejoice in the wealth effect. Assets are excluded from the consumer price indices, so the danger of a fall in the purchasing power of money in respect of assets does not appear to exist. This does not mean that the problem can be ignored. But if the reason behind rising markets is a flight from cash, we should begin to worry, and that point in time may have arrived. If so, we should stop rejoicing over our increasing wealth, and think about the future purchasing power of our currencies.

Confining the estimation of price inflation to selected finished goods and services is a myopic mistake. It was originally for econometric convenience that consumer purchases became so categorised, but it is misleading to assume that for the consumer there is any such clear categorisation between the purchase of different items. In pure economics there can be no distinction between the purchase of an item of food, a capital good, or the lending of


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Machete-Wielding Syrian Refugee Kills One; Injures Two In Southern German City

Courtesy of ZeroHedge. View original post here.

Update 2: The perpetrator had an argument with a woman near the central bus terminal in Reutlingen, and during the altercation severely injured the woman using a machete.The woman died of her injuries at the scene, police said. The perpetrator was then detained near the scene “in minutes” after the incident but managed to injure another woman and a man, police added.

The eye witnesses described the attacker to Bild as “fully insane,” adding that he tried to attack a police car with his machete.

* * *

Update: according to Sky News, the machete-wielding attacker in Reutlinger was a Syrian refugee who acted alone.

Update – German police say they believe Syrian refugee armed with machete who killed woman and injured two others in #Reutlingen acted alone

— Sky News Newsdesk (@SkyNewsBreak) July 24, 2016

* * *

And the hits just keep on coming. With the police still trying to piece together the story behind Friday’s Munich attack, moments ago Bild reported that a man with a machete murdered a woman, and injured two others in the downtown area of the southern German town of Reutlingen. The attacker – who appears to have been inspired by last Monday’s axe-wielding slasher who pledged allegiance to ISIS in a YouTube testimony – has been arrested by the police. 

Der Täter wurde festgenommen. #Reutlingen https://t.co/T9wSawr5wg pic.twitter.com/hZrKf7dbvz

— BILD (@BILD) July 24, 2016

BREAKING – German media reports one dead two injured in machete attack in town of Reutlingen near Stuttgart

— Mark White (@skymarkwhite) July 24, 2016

#BREAKING: One dead and 2 injured after a man attacked people with a machete in #Reutlingen Germany pic.twitter.com/JTbRNcyzWX

— Amichai Stein (@AmichaiStein1) July 24, 2016

GERMANY: Man with machete kills a woman, injures 2 other people in Reutlingen, Germany. attacker arrested. PHOTOS: pic.twitter.com/ld4kuAZfeR

— KolHaolam (@KolHaolam) July 24, 2016

The motive behind the attack is unclear. The incident took place near a doner kebab stand at Listplatz square, Germany’s Bild Reports.

Photos posted on social media show the alleged perpetrator lying on the ground, restrained by police


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Machete-Wielding Syrian Refugee Kills Pregnant Woman; Injures Two In Southern German City

Courtesy of ZeroHedge. View original post here.

Update 4:  The man was identified as a Syrian asylum seeker, aged 21, who was previously known to law enforcement, the local police department said in a statement. The motives of the man are still unclear; the murdered woman was reportedly pregnant.

* * *

Update 3: A video has been released showing the allegedly Syrian refugee attacked “running around.”

Reutlingen
attack
video
attacker running around
women frantically on the phone pic.twitter.com/aLQoxbjWlZ

— R?f???l (@70219) July 24, 2016

* * *

Update 2: The perpetrator had an argument with a woman near the central bus terminal in Reutlingen, and during the altercation severely injured the woman using a machete.

The woman died of her injuries at the scene, police said. The perpetrator was then detained near the scene “in minutes” after the incident but managed to injure another woman and a man, police added.

The eye witnesses described the attacker to Bild as “fully insane,” adding that he tried to attack a police car with his machete.

* * *

Update: according to Sky News, the machete-wielding attacker in Reutlinger was a Syrian refugee who acted alone.

Update – German police say they believe Syrian refugee armed with machete who killed woman and injured two others in #Reutlingen acted alone

— Sky News Newsdesk (@SkyNewsBreak) July 24, 2016

* * *

And the hits just keep on coming. With the police still trying to piece together the story behind Friday’s Munich attack, moments ago Bild reported that a man with a machete murdered a woman, and injured two others in the downtown area of the southern German town of Reutlingen. The attacker – who appears to have been inspired by last Monday’s axe-wielding slasher who pledged allegiance to ISIS in a YouTube testimony – has been arrested by the police. 

Der Täter wurde festgenommen. #Reutlingen https://t.co/T9wSawr5wg pic.twitter.com/hZrKf7dbvz

— BILD (@BILD) July 24, 2016

BREAKING – German media reports one dead two injured in machete attack in town of Reutlingen near Stuttgart

— Mark White (@skymarkwhite) July 24, 2016

#BREAKING: One dead and 2 injured after a man attacked people with a machete in


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DNC Chairwoman “Quarantined” From Convention After Sanders Demands “Someone Be Held Accountable” For Emails

Courtesy of ZeroHedge. View original post here.

In a “shocking” turn of events for the new normal, it appears that Bernie Sanders’ campaign demands that “someone in the DNC be held accountable” over the leaked emails showing collusion to undermine any Clinton opposition, have been heard.

As CNN reports, Debbie Wasserrman Schultz – the Democratic National Committee Chairwoman – will not speak at or preside over the party’s convention this week, a decision reached by party officials Saturday after emails surfaced that raised questions about the committee’s impartiality during the Democratic primary. As one top Democrat said “she’s been quarantined.”

As more and more revelations are exposed – and blamed  on Russia - regarding the disgusting behond the scenes smears, collusion, and lies of the DNC, The Hill reports that Bernie Sanders campaign manager Jeff Weaver said “someone needs to be held accountable” for what was revealed in the leak of internal Democratic National Committee emails this week

“We spent 48 hours of public attention worrying about who in the Trump campaign was going to be held responsible for the fact that some lines of Mrs. Obama’s speech were taken by Mrs. Trump,” Weaver said in an interview with ABC News. “Someone in the DNC needs to be held at least as accountable as the Trump campaign.”

Some emails posted on WikiLeaks show an effort to undermine the Sanders campaign.

One email from the DNC press secretary suggested creating a narrative that the Sanders “campaign was a mess.”

Wasserman Schultz in a few emails specifically criticizes Weaver, calling him a “damn liar” in one.

Weaver said the emails show misconduct from the highest DNC officials and that the emails proved previous claims from the Sanders campaign, which accused Wassermann Schultz of tilting the scales in Hillary Clinton’s favor during the primary race.

“Everybody is disappointed that much of what we felt was happening at the DNC was in fact happening, that you had in this case a clear example of the DNC taking sides and looking to place negative information into the political process,” Weaver said.

“We have an electoral process. The DNC, by its charter, is required to be neutral among the candidates. Clearly it


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Munich Shooter Planned Attack For A Year Germany Alleges; May Use Bundeswehr During Next “Extreme Situation”

Courtesy of ZeroHedge. View original post here.

On its second day of investigation into the motives behind David Ali Sonboly shooting spree, the Bavarian crime office provided additional details into his motives after searching the Munich shooter’s home, and said that it found materials consistent with the theory that he had been planning the attack for a whole year prior to the act. Police also say a manifesto was left at the site of the shooting.

Bavarian investigator Robert Heimberger said the 18-year-old shooter visited the site of a previous school shooting in the German town of Winnenden and took photographs. In what will likely be an early pivot to blaming video game violence, he said the shooter was an avid player of first-person shooter video games, including “Counter-Strike: Source.” Thomas Steinkraus-Koch, spokesman for Munich prosecutors’ office said there is still no evidence of any political motivation to the crime, nor that the shooter killed specific victims.

The prosecutor’s office announced that the victims in the shooting were not classmates of the shooter. They were subsequently discovered to have been children of immigrants.

According to Sueddeutsche Zeitung, the shooter bought the Glock he used online through the so called “dark net”,  the concealed area of the internet accessed normally by people looking for illegal services or items.  Considering Germany’s unprecedented gun ownership and purchasing laws, this does fit the narrative.

As RT reports, the first to identify Sonboly was his own father. He was the one who contacted the police after seeing a video filmed by one of the witnesses, as the attack was in progress.

In maintaining the story that the gunman was a lone wolf who had an obssession with mass killings, German media reported that Sonboly had some problems socializing with peers and had failed a college exam on the very day of the tragedy.

According to Bild am Sonntag, Sonboly’s issues extended to being bullied by some classmates, particularly of Turkish and Arabic descent. According to one Bavarian official, the young shooter visited the site of a 2009 school shooting in southwest Germany that killed 15 people – an event that served as inspiration for the attack. Several years ago, Sonboly had also been mugged and beaten, being injured in the attack. Sonboly who was then still a boy, went to the


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Munich Shooter Planned Attack For A Year Germany Alleges; May Use Military During Next “Extreme Situation”

Courtesy of ZeroHedge. View original post here.

On its second day of investigation into the motives behind David Ali Sonboly shooting spree, the Bavarian crime office provided additional details into his motives after searching the Munich shooter’s home, and said that it found materials consistent with the theory that he had been planning the attack for a whole year prior to the act. Police also say a manifesto was left at the site of the shooting.

Bavarian investigator Robert Heimberger said the 18-year-old shooter visited the site of a previous school shooting in the German town of Winnenden and took photographs. In what will likely be an early pivot to blaming video game violence, he said the shooter was an avid player of first-person shooter video games, including “Counter-Strike: Source.” Thomas Steinkraus-Koch, spokesman for Munich prosecutors’ office said there is still no evidence of any political motivation to the crime, nor that the shooter killed specific victims.

The prosecutor’s office announced that the victims in the shooting were not classmates of the shooter. They were subsequently discovered to have been children of immigrants.

According to Sueddeutsche Zeitung, the shooter bought the Glock he used online through the so called “dark net”,  the concealed area of the internet accessed normally by people looking for illegal services or items.  Considering Germany’s unprecedented gun ownership and purchasing laws, this does fit the narrative.

As RT reports, the first to identify Sonboly was his own father. He was the one who contacted the police after seeing a video filmed by one of the witnesses, as the attack was in progress.

In maintaining the story that the gunman was a lone wolf who had an obssession with mass killings, German media reported that Sonboly had some problems socializing with peers and had failed a college exam on the very day of the tragedy.

According to Bild am Sonntag, Sonboly’s issues extended to being bullied by some classmates, particularly of Turkish and Arabic descent. According to one Bavarian official, the young shooter visited the site of a 2009 school shooting in southwest Germany that killed 15 people – an event that served as inspiration for the attack. Several years ago, Sonboly had also been mugged and beaten, being injured in the attack. Sonboly who was then still a boy, went to the


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Democrats Accuse Russia Of Hacking DNC Server To Help Donald Trump

Courtesy of ZeroHedge. View original post here.

In the aftermath of the fallout from the DNC server hack, the Democrats have been scrambling how to redirect public anger (especially among Bernie Sanders supporters) from the revelations that not only did the Democratic party try everything in its power to sabotage Bernie Sanders presidential bid, but also colluded with various “impartial” media outlets as well as breach fundraising rules in the process.

And, as of this morning, it appears that the solution they have decided upon is not to explain or even justify the scandalous actions, but to simply blame Russia for the hack.

Moments ago Hillary’s campaign manager, Robby Mook, appeared on CNN and as David Axelrod pointed out, suggested that Russians are behind the DNC hacking.

Wow, @HillaryClinton manager Mook goes full bore on @realDonaldTrump-Russia tie on @CNNSotu. Suggests Russians behind DNC hacking.

— David Axelrod (@davidaxelrod) July 24, 2016

This is specifically what he said (highlights ours):

“What is disturbing to us is that experts are telling us that Russians broke into the DNC, stole these emails and other experts are now saying that the Russians are now releasing these emails for the purpose of actually helping Donald Trump. I don’t think it’s coincidental that these emails were released on the eve of our convention here and that’s disturbing.”

The clip in question:

Clinton campaign manager on DNC leak: Experts say “Russians are releasing these emails” to help Trump #CNNSOTU https://t.co/GwJhloosPs

— CNN Politics (@CNNPolitics) July 24, 2016

Ah yes, the old “Russians are helping Donald Trump” strawman, as confirmed by “experts.” The same Donald Trump who the media lambasted in November of last year that he had never actually met Vladimir Putin during a 60 Minutes episode, as he had previously claimed. 

Oddly, Mook found nothing “disturbing” about the revelations that Hillary was the DNC’s chosen candidate from the start, or the allegations that there was unethical collusion with the media, or that the DNC may have broken fundraising rules to boost Hillary’s campaign.

Nothing disturbing about that. What is far more disturbing is that “the Russians” hacked the DNC’s server. Perhaps by that logic


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Zero Hedge

The Real Message From Asset Inflation

Courtesy of ZeroHedge. View original post here.

Submitted by Alasdair Macleod via GoldMoney.com,

The earliest signs are developing of hyperinflation, more correctly described as a collapse of the purchasing power of all the major government currencies.

Central bankers are almost certainly unaware of this danger, partly because their chosen statistics fail to capture it, but mostly because conventional monetary economic theory is lacking in this regard.

This article draws on the evidence of extreme overvaluations in equities and bo...



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Phil's Favorites

Denial of the Obvious, Praise for Lies

Courtesy of Mish.

At yet another useless G-20 meeting, Italy’s finance minister, Pier Carlo Padoan,  made an official denial regarding  the plight of Italian banks:

“There is no risk in terms of systemic stability,” said Padoan. Supposedly, everything is “contained“.

Praise for Lies and Useless Talk

The New York Times reports Group of 20 Will Use ‘All Policy Tools’ to Lift Growth.

Actually, the only policy tools central banks are likely to use are tools that have long-term negative consequences such as negative interest rates and competitive currency devaluations.

Also expect a bunch of useless yap about f...



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Market News

News You Can Use From Phil's Stock World

 

Financial Markets and Economy

Gasoline Prices Around the World: The Real Cost of Filling Up (Bloomberg)

The price of gas is on the rise again—up five percent globally in the last three months. But cost per gallon alone doesn’t give a complete picture of how big a bite gasoline takes out of an average driver’s paycheck. We ranked 61 countries by three economic measures to see who has the most affordable gas, and who feels the most pain at the pump.

BofA Trading Tops Estimates as Moynihan Vows Deeper Cuts (Bloomberg)

Bank of America Corp. posted higher profit in each of...



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Chart School

World Markets Weekend Update: The Global Rally Moderates

Courtesy of Doug Short's Advisor Perspectives.

The global rally in equities Moderated last week. The average gain of the eight indexes on our world watch list was a respectable 0.41%, down from the previous week's steroidal 3.87% average. Hong Kong's Hang Seng was the top performer with a 1.41% advance. At the other end, the chronic laggard Shanghai Composite fell 1.36%.

A Closer Look at the Last Four Weeks

The tables below provide a concise overview of performance comparisons over the past four weeks for these eight major indexes. We've also included the average for each week so that we can evaluate the performance of a specific index relative to the overall mean and better understand weekly volatility. The colors for each index name help us visualize the compara...



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ValueWalk

Relypsa Inc (RLYP) Soars On Galenica Bid

By Jacob Wolinsky. Originally published at ValueWalk.

Relypsa Inc (NDAQ:RLYP) — to be acquired by Galenica AG (VTX:GALN) for $32 per share in cash is soaring this morning up about 58 percent at the time of this writing in early morning. On the other hand shares of Galenica are down on the announcement by about 8 percent. What are the details of the deal? Here is what the sell side analysts are saying about the pharma news.

Relypsa Inc (NDAQ:RLYP) bid – analysts react

Cantor Fitzgerald

Relypsa will be acquired by Galenica for $32 per share, a 59% premium over the last closing price. We have thought that Relypsa would likely be acquired at some point, given the opportunity to grow Veltassa to be a significant commercial brand, ...



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Kimble Charting Solutions

Doc Copper going to peak again at 200 Day moving ave?

Courtesy of Chris Kimble.

Doc Copper is often viewed as a leading indicator, for global growth or lack of.

The 200 day moving average is often viewed as the line in the sand to determine if an asset is in an up or down trend.

Is Doc Copper climbing above its 200 day moving average a good or bad sign?

Below looks at Doc Copper over the past decade with the 200 MA applied.

CLICK ON CHART TO ENLARGE

Copper peaked in 2011 and since, has continued to create a series of ...



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Digital Currencies

Demystifying the blockchain: a basic user guide

 

Demystifying the blockchain: a basic user guide

By Philippa Ryan, University of Technology Sydney

Companies around the world are exploring blockchain, the technology underpinning digital currency bitcoin. In this Blockchain unleashed series, we investigate the many possible use cases for the blockchain, from the novel to the transformative.

Most people agree we do not need to know how a television works to enjoy using one. This is true of many existing and emerging technologies. Most of us happily drive cars, use mobile phones and send emails without knowing how they work. With this in mind, here is a tech-free user guide to the blockchain - the technology infrastructure behind bitcoin...



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OpTrader

Swing trading portfolio - week of July 18th, 2016

Reminder: OpTrader is available to chat with Members, comments are found below each post.

 

This post is for all our live virtual trade ideas and daily comments. Please click on "comments" below to follow our live discussion. All of our current  trades are listed in the spreadsheet below, with entry price (1/2 in and All in), and exit prices (1/3 out, 2/3 out, and All out).

We also indicate our stop, which is most of the time the "5 day moving average". All trades, unless indicated, are front-month ATM options. 

Please feel free to participate in the discussion and ask any questions you might have about this virtual portfolio, by clicking on the "comments" link right below.

To learn more about the swing trading virtual portfolio (strategy, performance, FAQ, etc.), please click here ...



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Mapping The Market

No wonder Saudis are selling as much as they can!

Courtesy of Jean-Luc

We are getting much more energy efficient – no wonder Saudis are selling as much as they can! Who wants to be the one with trillions of dollars of oil in the ground unwanted:

http://arstechnica.com/science/2016/07/the-amount-of-energy-needed-to-run-the-worlds-economy-is-decreasing-on-average/#p3

...

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All About Trends

Mid-Day Update

Reminder: Harlan is available to chat with Members, comments are found below each post.

Click here for the full report.




To learn more, sign up for David's free newsletter and receive the free report from All About Trends - "How To Outperform 90% Of Wall Street With Just $500 A Week." Tell David PSW sent you. - Ilene...

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Biotech

This Is Why Biotech Stocks May Explode Again

Reminder: Pharmboy and Ilene are available to chat with Members.

Here's an interesting article from Investor's Business Daily arguing that biotech stocks are beginning to recover from their recent declines, notwithstanding current weakness.

This Is Why Biotech Stocks May Explode Again

By 

Excerpt:

After a three-year bull run that more than quadrupled its value by its peak last July, IBD’s Medical-Biomed/Biotech Industry Group plunged 50% by early February, hurt by backlashes against high drug prices and mergers that seek to lower corporate taxes.

...



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Promotions

PSW is more than just stock talk!

 

We know you love coming here for our Stocks & Options education, strategy and trade ideas, and for Phil's daily commentary which you can't live without, but there's more!

PhilStockWorld.com features the most important and most interesting news items from around the web, all day, every day!

News: If you missed it, you can probably find it in our Market News section. We sift through piles of news so you don't have to.   

If you are looking for non-mainstream, provocatively-narrated news and opinion pieces which promise to make you think -- we feature Zero Hedge, ...



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Help One Of Our Own PSW Members

"Hello PSW Members –

This is a non-trading topic, but I wanted to post it during trading hours so as many eyes can see it as possible.  Feel free to contact me directly at jennifersurovy@yahoo.com with any questions.

Last fall there was some discussion on the PSW board regarding setting up a YouCaring donation page for a PSW member, Shadowfax. Since then, we have been looking into ways to help get him additional medical services and to pay down his medical debts.  After following those leads, we are ready to move ahead with the YouCaring site. (Link is posted below.)  Any help you can give will be greatly appreciated; not only to help aid in his medical bill debt, but to also show what a great community this group is.

http://www.youcaring.com/medical-fundraiser/help-get-shadowfax-out-from-the-darkness-of-medical-bills-/126743

Thank you for you time!




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About Phil:

Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

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Ilene is editor and affiliate program coordinator for PSW. She manages the site market shadows, archives, more. Contact Ilene to learn about our affiliate and content sharing programs.

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