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The Rise Of The Fatty

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

For all the talk about QE this, HFT that, crony capitalism, cold war 2.0, hyperinflation, hyperdeflation, social inequality, Keynesian dead end, global financial meltdown, perhaps the one more tangible threats to mankind as a whole (and to the future underfunded healthcare costs) is something fatr simpler: the rise of the fatty.


Below we present a candied look via Nature of, pardon the pun, society at large, and just why is it that those cuddly, jovial fat people, which seems to be growing exponentially in recent years, present a great danger not only to themselves, but to just as exponentially growing welfare costs in a world which already is, for all intents and purposes, insolvent (unless of course someone in charge gets a Swiftian idea to let the world’s obese deal with their own problems just the way Charles Darwin suggested they should).

They are everywhere.

 

They don’t fit on the scale.

 

A lot of their problems can be explained by the surge in cheap, hollow calories.

 

But the bottom line is they are a danger: to themselves, and to those others who will be tasked to pay for their care.

Source: Nature





Unhappy Earth Day

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

As the world celebrates “Earth Day” and all the wondrous beauty this planet has to offer, those investing from another world will likely be allocating away from the constant economic-growth-disappointing planet Earth. As the following chart of world growth hopes shows… it’s anything but happy…

 

 

h/t @Not_Jim_Cramer





Second US Warship Enters Black Sea To “Promote Peace And Stability”

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Less than two short weeks ago, the US sent their first warship into The Black Sea to “reassure NATO allies and Black Sea partners.” Since then, thing shave escalated and then de-escalated last week with the so-called “truce deal.” So why is the US sending a second ship? The Oliver Hazard Perry-class frigate USS Taylor (FFG 50), homeported in Mayport, Fla., will enter the Black Sea April 22 to “promote peace and stability in the region.” We are sure that Putin will stand idly by and watch as NATO and the US build forces on his borders, but no matter how aggressive his response, the US Navy combat dolphin and sea lion team will not accompany the mission.

 

As Navy reports,

The Oliver Hazard Perry-class frigate USS Taylor (FFG 50), homeported in Mayport, Fla., will enter the Black Sea April 22 to promote peace and stability in the region.

 

 

The U.S. Navy routinely operates ships in the Black Sea consistent with the Montreux Convention and International Law. Taylor’s mission is to reassure NATO allies of the U.S. Navy’s commitment to strengthen and improve interoperability while working toward mutual goals in the region.

 

Taylor recently completed repairs at Naval Support Activity Souda Bay, Greece. After a round of sea trials that measured the vessel’s performance, general seaworthiness, speed and maneuverability, she has now resumed her operations.

 

Taylor is deployed in a multi-mission role in the U.S. 6th Fleet area of operations to contribute to regional maritime security, conduct bilateral and multilateral training missions, and to support NATO operations and deployments throughout the region.

We are sure Putin will simply watch and not respond in any way as this happens, but as The Guardian reports,

However ominously martial Russia’s actions toward Ukraine have become, the next combatants in the crisis will not be the US navy’s fleet of dolphins.

 

 

Yes, the navy trains and keeps dolphins, whose powerful innate echolocation abilities help sailors spot suspicious undersea objects that might be mines. The marine mammal enlistees are the aquatic equivalent of the dogs, whose sophisticated sense of smell has aided US soldiers in the hunt for homemade insurgent bombs on land.


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WTF Headline Of The Day: Tax-Cheating IRS Staff Got Bonuses

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

If you read this without saying “umm, what?” read it again… USA Today notes that a report by the Treasury Inspector General for Tax Administration shows the IRS handed out $2.8 million in bonuses to employees with disciplinary issues – including more than $1 million to employees who didn’t pay their federal taxes.

 

As USA Today continues,

The report by the Treasury Inspector General for Tax Administration said 1,146 IRS employees received bonuses within a year of substantiated federal tax compliance problems.

 

The bonuses weren’t just monetary. Employees with tax problems received a total of 10,582 hours of paid time off — valued at about $250,000 — and 69 received permanent raises through a step increase, the report said. The report looked at bonuses in 2011 and 2012.

 

Employees’ tax problems included “willful understatement of tax liabilities over multiple tax years, late payment of tax liabilities, and underreporting of income,” the report said.

 

The IRS said it has instituted a policy to take conduct into account when handing out bonuses to senior executives. Making that policy apply to all of the agency’s workers would require negotiations with the National Treasury Employees Union. The union did not respond to a request for comment.

 

“We take seriously our unique role as this nation’s tax administrator, and we will strive to implement a policy that protects the integrity of the tax administration system and the reputation of the service,” IRS chief Human Capital Officer David Krieg said in a written response to the audit.

So – if you are a non-government-employee who doesn’t pay your taxes, you get jail and accounts frozen… but if you’re an IRS employee… you get a fucking bonus!!!





Tuesday Pop Turns To Einhorn Drop As Stocks Stumble Into Close

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

US Equity markets were on a mission today… all-time highs for the S&P and Dow were in sight, green for April for the S&P, and unchanged year-to-date for the Nasdaq and Russell was just over the horizon, but… a total divergence from JPY carry, bond yields, credit, and even VIX meant that a 'warning' from David Einhorn about Tech Bubble 2.0 was just enough to take the juice out of what was already a low volume levitation. It's a Tuesday so we closed green – the 6th up day in a row – longest run in 7 months. Biotechs ripped higher on M&A "get rich quick'"fever – biggest 2-day rise in 30 months. Treasuries were mixed with 30Y bond yields ripping lower and 5s30s dropping 4bps to 1.75% – new lows since 2007. Copper made modest gains on the day but gold, silver, and worst of all WTI crude all dropped on the day (WTI -2% to $102).

 

Trannies made new record highs… Nasdaq and Russell almost made it to unchanged for the year…

 

S&P and The Dow broke to green for April…

 

Squeeze…

 

S&P sectors off last week's lows…

 

Let's get a little context on those high-flying growth stocks… from Fed Tarullo's "valuations are stretched" comment

 

 

Biotechs were bid as M&A "get rich quick" fever took hold (biggest 2-day rise in 30 months) – though short of its 100DMA

 

But Bonds weren't buying it…

VIX wasn't buying it…

 

Credit wasn't buying it…

 

and nor was JPY carry…

 

The USD limped back from early strength (around the EU confidence, housing, Richmond Fed beats) to end the day unchanged on the week…with AUD strongest

 

 

Oil tumbled back to $102. Gold and silver limped higher after the ubiquitous morning slamdown…

 

The term structure continues to flatten

 

As the appeal of 30Y Treasury yields appears strong no matter what growth, taper, normalization is priced into stocks

 

One has to wonder if the Europeans have given up chasing Spanish and Italian bonds and are willing to rotate from credit risk to interest rate risk (from 10Y Spain to 30Y US) for an addtional few bps of yield…

 

Charts: Bloomberg





302 Reasons To Jump Ship

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Submitted by Simon Black of Sovereign Man blog,

Thirty-six year-old Koo Bon-hee recalled hearing a loud bang, when suddenly the ferry he was on tilted drastically in the water.

 

The Sewol ferry, traveling from Incheon to Jeju Island in South Korea, was starting to sink, and it was sinking fast.

 

Those still standing after the impact began to scramble for the exits, when they heard an announcement over the speakers telling everyone to stay in their places and sit still.

 

Some, like Koo, followed their instincts and ignored the announcement, leaping into the icy cold water where they were able to be rescued.

 

Others heeded the announcement and remained sitting inside the cabin, waiting for further instructions.

 

One young girl called her mother and said, “We’re putting on our life vests. They’re telling us to wait and stay put, so we’re waiting…” This young girl still hasn’t been accounted for.

 

An entire ship full of passengers dutifully followed the instructions set forth by the crew. The ‘experts’ told them what to do.

 

Yet as it turned out, the ferry quickly became submerged. And following orders cost many their lives. 302 are either dead or missing.

 

Koo, lamenting the others’ failure to escape said, “We were wearing life jackets. We had time… If people had jumped into the water … they could have been rescued. But we were told not to go out.”

Just like Sewol, many countries in the West are sinking, and it’s up to you whether you sink with them or jump ship while there’s still time.

You can see the desperation as governments have already begun to freeze assets, impose capital controls, seize private pensions, and tax bank transfers.

They’re using any justification they can conjure to award themselves even more desperate powers to stay afloat.

Regular citizens are being accused of being money launderers and tax evaders, having to prove their innocence in order to keep their own money.

Governments are exercising unprecedented authority over our bank accounts, even going so far as to openly suggest ‘one-time levies’ on people’s life savings.

But despite their best efforts, they won’t be able to remain above the surface much longer.

People may think you’re crazy for wanting
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Spot The Massive Depression, And The Tiny Recovery, In This Existing Home Sales Chart

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

When it comes to home purchases, there are the rich, with $1MM+ existing home  transactions up a recoveryish 13% in the West, and then there are the poor, where in the cheapest bucket have crashed a depression-like -45% (no, not due to the weather).

 

Why is this an issue? Because homes priced $500K and lower represent 90% of all existing home sales. On the recovery-ish end, homes priced $1 million and above are just 2.1%.


 

Or, to summarize, Rich 1 – Poor 0… Just like the Fed wanted it.

Source: NAR





Martin Armstrong Warns “Abandon The UK Before You Can’t”

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

The following is a new ad campaign in Britain.

As we have warned numerous times – muddle-through has failed; Martin Armstrong notes, the politicians have squandered everything and now they are hunting down capital everywhere and the view is people have to pay whatever they demand or you are just a criminal. Nobody even bothers to look at what they are doing to the world economy.

These advertisements are appearing everywhere and they will only succeed in created the worst economic collapse since the Great Depression.

 

Source: Armstrong Economics





Here Come The Boots On The Ground: US Troops Heading To Eastern Europe

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

It seems the truce “deal” is well and truly dead…

  • 600 U.S. TROOPS HEADING TO EUROPE FOR EXERCISES: PENTAGON
  • U.S. AIRBORNE TROOPS GOING TO POLAND, LITHUANIA, LATVIA,ESTONIA
  • U.S. MILITARY EXERCISES ARE IN RESPONSE TO UKRAINE CRISIS:KIRBY
  • MORE MILITARY EXERCISES ‘COMING THROUGH’ NATO: PENTAGON

The question now, of course, is – what will Putin do in response to this action?

As for where these troops may be arriving from the answer is simple: that other US military intervention success story – Afghanistan. From Reuters:

The number of U.S. troops in Afghanistan may drop well below 10,000 – the minimum demanded by the U.S. military to train Afghan forces – as the longest war in American history winds down, Obama administration officials briefed on the matter say.

 

Since Afghanistan’s general election on April 5, White House, State Department and Pentagon officials have resumed discussions on how many American troops should remain after the current U.S.-led coalition ends its mission this year.

 

The decision to consider a small force, possibly less than 5,000 U.S. troops, reflects a belief among White House officials that Afghan security forces have evolved into a robust enough force to contain a still-potent Taliban-led insurgency. The small U.S. force that would remain could focus on counter-terrorism or training operations.

 

That belief, the officials say, is based partly on Afghanistan’s surprisingly smooth election, which has won international praise for its high turnout, estimated at 60 percent of 12 million eligible votes, and the failure of Taliban militants to stage high-profile attacks that day.

 

The Obama administration has been looking at options for a possible residual U.S. force for months.

 

“The discussion is very much alive,” said one U.S. official who asked not to be identified. “They’re looking for additional options under 10,000″ troops.

 

There are now about 33,000 U.S. troops in Afghanistan, down from 100,000 in 2011, when troop numbers peaked a decade into a conflict originally intended to deny al Qaeda sanctuary in Afghanistan after the September 11, 2001, attacks.

Of course, it would be peak irony if the next country Russia decides to destabilize is none other than its old “buddy” Afghanistan, which lately appears far more amicable toward the Kremlin than the White House. It…
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Dealer Awards Surge, Directs Plunge In Ho-Hum 2 Year Auction

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

It was only recently that 2 Year Treasury Notes were considered money-equivalent, “high quality collateral.” Then the infamous Fed “dots” Snafu took place, and suddenly bond investors started being worried about duration risk on paper that matures smack in the middle of 2016, a year in which some Fed members see a Fed Funds rate as high as 4%+, which of course means that 2 year paper issued at par would be trading far, far lower. Sure enough, such concerns have materialized in the auctions of recent 2 Year paper, the most recent of which was concluded moments ago, pricing at 0.447% – in line with the When Issued but well above the TTM average of 0.35%, although a trace lower than the near “freak out” 0.469% , and highest since May of 2011, recorded last month right after the March FOMC press conference where Yellen had to scramble to preserve the rigged and manipulated market together.

Additionally, and most notably, the Primary Dealers’ take down of 57.68% was the highest since May of 2013, surging from the 37.5% in March, which also meant that Indirects tumbled from 40.9% to 23.4% -the lowest of 2014 – with Directs remaining roughly flat at 19%, a tad below the 21.5% last month.

So while the auction overall was not fireworky just yet, a few more “dots” fiascoes and suddenly the short end of the curve is going to get a whole lot more interesting. And should European idiot asset managers, once they have taken the Spanish 10 Year to 0%, decide to bid up US paper, and inverted the 2s10s, well that is the time to quiet get out of dodge.





 
 
 

Phil's Favorites

China Manufacturing Output and New Orders Contract Once Again

Courtesy of Mish.

Chinese manufacturing remains in contraction for 2014. Output and new orders were down for the 4th consecutive month, but at a slightly reduced pace according to the HSBC Flash China Manufacturing PMI.



Commenting on the Flash China Manufacturing PMI survey, Hongbin Qu, Chief Economist, China & Co - Head of Asian Economic Research at HSBC said:

“The HSBC Flash China Manufacturing PMI stabilised at 48.3 in April, up from 48.0 in March. Domestic demand showed mild improvement and deflationary pressures eased, but downside risks to growth are still evident...



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Insider Scoop

Delhaize Group Announces Sale of Bosnian & Herzegovinian Stores

Courtesy of Benzinga.

Related DEG Why Companhia Brasileira de Distribuicao (CBD) Has A Bright Short-Term Future? - Tale of the Tape The Fresh Market (TFM) in Focus: Stock Moves 6.7% Higher - Tale of the Tape

Delhaize Group (Euronext Brussels: DELB, NYSE: DEG), the Belgian international food retailer, announces that it has signed an agreement with Tropic Group B.V. on the sale of its Bosnian & Herzegovinian stores.

Delhaize Group has signed an agreement with Tropic Group B.V., to divest all of its 39 Bo...



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Zero Hedge

Eyeing Pipeline, Russia Forgives North Korean Debt

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Submitted by Zachary Zeck via The Diplomat,

On Friday Russia’s parliament voted to write off roughly 90 percent of North Korea’s debt as Moscow seeks to build a gas pipeline through the Hermit Kingdom.

This weekend Reuters reported that Russia’s Duma voted to write off roughly $10 billion worth of the debt that North Korea owes Moscow from the days of the Soviet Union. The vote ratified an agreement made in September 2012, after a meeting between th...



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Chart School

STTG Market Recap April 22, 2014

Courtesy of Blain.

We continue in this "V shaped" move off last week's touch of the 200 day moving average on the NASDAQ.  The S&P 500 gained 0.41% and the NASDAQ 0.97%.  The indexes are nearing overbought near term so a day or two of rest would serve the bulls well to try to attempt a new leg higher.  In economic news existing home sales hit 4.59 million in March, versus a 4.55 million estimate.

In terms of the indexes the S&P 500 stalled at the trend line that connected the lows of summer 2013; some congestion lies ahead at year highs.

The NASDAQ has come back from deeply oversold conditions as this index is heavy with biotech and momentum stocks.  The dotted blue line is the previous high; since early March we have not seen the NASDAQ make...



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Market Shadows

Soy Numero Uno

Soy Numero Uno

By Paul Price of Market Shadows

Bunge Limited (BG) is the world’s largest processor of soybeans. It is also a major producer of vegetable oils, fertilizer, sugar and bioenergy.

When commodities got hot in 2007-08, Bunge’s EPS shot up and the stock followed, rising 185% in 19 months.

The Great Recession took its toll on operations, dropping EPS to a low of $2.22 in 2009.  Since then profits have recovered.  They ranged from $4.62 - $5.90 in the latest three years. 2014 appears poised for a large increase. Consensus views from multiple sources see BG earning $7.04 - $7.10 this year and then $7.83 - $7.94 in 2015.

...



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Option Review

Casino Stocks LVS, WYNN On The Run Ahead of Earnings

Shares in Las Vegas Sands Corp. (Ticker: LVS) are up sharply today, gaining as much as 5.7% to touch $80.12 and the highest level since April 4th, mirroring gains in shares of resort casino operator Wynn Resorts Ltd. (Ticker: WYNN). The move in Wynn shares appears, at least in part, to follow a big increase in target price from analysts at CLSA who upped their target on the ‘buy’ rated stock to $350 from $250 a share. CLSA also has a ‘buy’ rating on Las Vegas Sands with a $100 price target according to a note from reporter, Janet Freund, on Bloomberg. Both companies are scheduled to report first-quarter earnings after the closing bell on Thursday.

...

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All About Trends

Mid-Day Update

Reminder: David 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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Sabrient

What the Market Wants: Market Poised to Head Higher: 3 Stocks to Consider

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

Courtesy of David Brown, Sabrient Systems and Gradient Analytics

Yesterday, the market continued its winning ways for the fifth consecutive day.  The S&P 500 closed within 1% of its all-time high, and the DJI was even closer to its all-time high.  Healthcare, Energy and Technology led the sectors while Financials, Telecom, and Utilities finished slightly in the red.  All three sectors in the red are typically flight-to-safety stocks, so despite lower than average volume, the market appears poised to make new highs.

Mid-cap Growth led the style/caps last week, up 2.87%, and Small-cap Growth trailed, up 2.22%. This week will bring well over 100 S&P 500 stocks reporting their March quarter earn...



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OpTrader

Swing trading portfolio - Week of April 21st, 2014

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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Stock World Weekly

Stock World Weekly

Newsletter writers are available to chat with Members regarding topics presented in SWW, comments are found below each post.

Here's this week's Stock World Weekly. Click here and sign in with your PSW user name and password, or sign up for a free trial.

...

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Digital Currencies

Facebook Takes Life Seriously and Moves To Create Its Own Virtual Currency, Increases UltraCoin Valuation Significantly

Courtesy of ZeroHedge. View original post here.

Submitted by Reggie Middleton.

The Financial Times reports:

[Facebook] The social network is only weeks away from obtaining regulatory approval in Ireland for a service that would allow its users to store money on Facebook and use it to pay and exchange money with others, according to several people involved in the process. 

The authorisation from Ireland’s central bank to become an “e-money” institution would allow ...



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Promotions

See Live Demo Of This Google-Like Trade Algorithm

I just wanted to be sure you saw this.  There’s a ‘live’ training webinar this Thursday, March 27th at Noon or 9:00 pm ET.

If GOOGLE, the NSA, and Steve Jobs all got together in a room with the task of building a tremendously accurate trading algorithm… it wouldn’t just be any ordinary system… it’d be the greatest trading algorithm in the world.

Well, I hate to break it to you though… they never got around to building it, but my friends at Market Tamer did.

Follow this link to register for their training webinar where they’ll demonstrate the tested and proven Algorithm powered by the same technological principles that have made GOOGLE the #1 search engine on the planet!

And get this…had you done nothing b...



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Pharmboy

Here We Go Again - Pharma & Biotechs 2014

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

Ladies and Gentlemen, hobos and tramps,
Cross-eyed mosquitoes, and Bow-legged ants,
I come before you, To stand behind you,
To tell you something, I know nothing about.

And so the circus begins in Union Square, San Francisco for this weeks JP Morgan Healthcare Conference.  Will the momentum from 2013, which carried the S&P Spider Biotech ETF to all time highs, carry on in 2014?  The Biotech ETF beat the S&P by better than 3 points.

As I noted in my previous post, Biotechs Galore - IPOs and More, biotechs were rushing to IPOs so that venture capitalists could unwind their holdings (funds are usually 5-7 years), as well as take advantage of the opportune moment...



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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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