Archive for the ‘Immediately available to public’ Category

G. Edward Griffin: Exposing The Creature From Jekyll Island Hard truths from the man who wrote the book on the Fed

By PeakProsperity. Originally published at ValueWalk.

G. Edward Griffin, the author of the seminal book on the formation of the Federal Reserve, The Creature of Jekyll Island, joins the podcast this week to add his perspective to our ongoing critical examination of the Fed and the impact its actions are having on society.

Meeting Ed and getting to spend time with him was a real honor for Chris and me. His breadth of knowledge of the central banking system as well as his engaging manner of storytelling are masterful. Plus, he’s simply a wonderfully kind person.

Ed’s decades of research and critique of the Federal Reserve, sadly, have left him with conclusions that corroborate our own. Despite its carefully-crafted image as an essential public servant, Griffin concludes it is anything but. It is a private cartel that has connived its way to tremendous advantage and power, secretly (and not-so-secretly) plundering the American people of their treasure and freedoms.

http://amzn.to/2oj5KtT

On The Fed’s True Goals

[In researching the Federal Reserve] I was looking for a very complex mechanism. And I couldn’t believe at that time that there would be deliberate deception in this system. So, I was working on the false assumption that everybody in the system was doing their best to make it work on behalf of mankind and on behalf of society. Initially, I never entertained the idea that its goal was not to benefit mankind at all.

And so, where one would say, look: the Federal Reserve system is failing to meet its goals — because it said its goals were to stabilize the economy and to preserve purchasing power, etc. — I finally came to the realization: No, those are not its goals.
If we understand what its goals really are, then it’s not failing at all. It’s succeeding amazingly well.
And most people, as I initially did, have found that an impossible assumption to entertain. They simply can’t get over it.

On Whether The Fed Is A ‘Conspiracy’

Most dictionary definitions of the word “conspiracy” seem to agree that a conspiracy occurs when:

  • two or more people come together
  • they use methods of deceit and deception to achieve a goal
  • which is unethical or illegal.

Those are the three requirements. So talk about the Fed:

Are there two or more people? Oh, yeah.


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Trump To Discuss North Korea In Sunday Call With China’s Xi, Japan’s Abe

Courtesy of ZeroHedge. View original post here.

While the world is focused on the outcome of the first round of the French election, which is playing out much as the market had largely anticipated with Macron and Le Pen set to face each other in the runoff round, the North Korea threat remains, and according to Reuters, Donald Trump will speak on Sunday with Japanese Prime Minister Shinzo Abe and Chinese President Xi Jinping, citing a administration official.

The topic of discussion is expected to be North Korea.

Tensions have risen sharply with North Korea over its advancing nuclear and missile programs. Pyongyang said on Sunday it was ready to sink a U.S. aircraft carrier to demonstrate its military might and detained a U.S. citizen on Saturday as he attempted to leave the country.

It is possible that should the rest of Trump’s planned events for the week fail to impress, or perhaps even lead to a government shutdown that coincides with the 100th day anniversary of his administration, that a North Korean “distraction” attack may be inevitable, and perhaps today’s call is to obtain pre-clearance; there is of course the possibility that Trump is simply seeking a diplomatic solution.





The Step by Step Investment Process for Earning Superior Returns – Part II

By Adam Parris. Originally published at ValueWalk.

Assessing the Earnings Power Value (EPV)

Earning Power Value can be thought of as Intrinsic Value. In the 2013 Berkshire Hathaway annual report, Buffett explained what intrinsic value means.

“Intrinsic value is an all-important concept that offers the only logical approach to evaluating the relative attractiveness of investments and businesses. Intrinsic value can be defined simply: It is the discounted value of the cash that can be taken out of a business during its remaining life. The calculation of intrinsic value, though, is not so simple. As our definition suggests, intrinsic value is an estimate rather than a precise figure, and it is additionally an estimate that must be changed if interest rates move or forecasts of future cash flows are revised. Two people looking at the same set of facts, moreover – and this would apply even to Charlie [Munger] and me – will almost inevitably come up with at least slightly different intrinsic value figures.”

I mentioned in part I how important it is, not to take earnings at face value, the reported earnings can be manipulated and many companies report earnings via EBITDA. That is earnings before interest [payments], tax [payments], depreciation [on past capital expenditure spent on plant and equipment] and amortization [on the purchase of past intangible assets]. Essentially implying these items are not costs to the business, it’s their way of reporting earnings better than what actually occurred. Ego is the core reason why they participate in manipulating earnings.

The first step requires assessing the value of current earnings, properly adjusted. This requires us to make certain assumptions about the relationship with future earnings and currents earnings.

The equation for earnings power value is: EPV = Adjusted Earnings X 1/R

  • R = Your Discount Rate (think of it as your require rate of return).

Here we aren’t going to add forecasted earnings to our equation, instead, we are going to arrive at an accurate estimate of the current earnings of the company by refining the earnings data.

There is a sane approach to analysing the future cash flows that does not involve some arcane highly complex mathematical formula. It involves assessing the strength of the company’s competitive advantages, to determine if they can continue to generate growing cash flows well into the future – 20 years’ time. That’s why investing is…
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New Poll Suggests Trump Would Now Win Popular Vote

Courtesy of ZeroHedge. View original post here.

Despite historicaly low approval ratings (before his recent warmongery bounce), nearly all of those who supported him in the November election say it was the right thing to do.

All told, the latest ABC News/Washington Post poll shows that 42 percent of Americans approve of Trump’s performance as president, while 53 percent disapprove. That compares to an average of 69-19 percent for past presidents at or near 100 days in office – for example, 69-26 percent for Trump’s predecessor, Barack Obama.

However, as we noted previously, Trump’s “favorability” rating according to Rasmussen has upticked notably in the last two weeks since his sabre-rattling and ‘Tomahawk’-ing began.

 

Moreover, while Democrats find solace in this national poll’s results, the fact remains that ABC/WaPo find no evidence of buyer’s remorse among Trump supporters.

Among those who report having voted for him in November, 96 percent today say it was the right thing to do; a mere 2 percent regret it.

And if a rerun of the election were held today, the poll indicates even the possibility of a Trump victory in the popular vote among 2016 voters.

Among Americans who say they voted in the 2016 election, 46 percent say they voted for Hillary Clinton and 43 percent for Trump, very close to the 2-point margin in the actual popular vote results. However, while Trump would retain almost all of his support if the election were held again today (96 percent), fewer of Clinton’s supporters say they’d stick with her (85 percent), producing a 40-43 percent Clinton-Trump result in this hypothetical re-do among self-reported 2016 voters.

President Trump was quick to notice (what the mainstream media seemed unwilling to admit)…

New polls out today are very good considering that much of the media is FAKE and almost always negative. Would still beat Hillary in …..

— Donald J. Trump (@realDonaldTrump) April 23, 2017

…popular vote. ABC News/Washington Post Poll (wrong big on election) said almost all stand by their vote on me & 53% said strong leader.

— Donald J. Trump (@realDonaldTrump) April 23, 2017





Venezuela On The Verge Of Revolution As Hyperinflated Currency Crashes To New Record Low

Courtesy of ZeroHedge. View original post here.

Venezuela, a country with only $10 billion left in reserves to run on, is in trouble. As the currency hyperinflates to new record lows against the dollar…

James Holbrooks points out that the people are starving. The government has gone full-on authoritarian, and now desperate human beings are dying in the streets. From an Associated Press report on Friday:

“Authorities in Venezuela say 12 people were killed overnight following looting and violence in the South American nation’s capital amid a spiraling political crisis.”

Continuing, the report further highlighted the gravity of the situation:

“Most of the deaths took place in El Valle, where opposition leaders say 13 people were hit with an electrical current while trying to loot a bakery protected by an electric fence.”

These are people without options, forced to turn to thievery to stay alive. And they died because of it.

On April 6, The Economist reported that over the past year, 74 percent of Venezuelans lost an average of 20 pounds. Venezuela, incidentally, has topped Bloomberg’s Economic Misery Index for the past three years.

The country began its slide downward into chaos with the election of President Nicolas Maduro, who immediately began implementing socialist programs and has since taken extreme measures to secure his position.

At the end of March, for instance, Maduro effectively shut down Venezuela’s congress — his primary political opposition — and gave those legislative duties to his puppet Supreme Court.

The latest news coming out of the South American nation — aside from the deaths of people trying to steal bread to live — is that General Motors, whose Venezuelan production facility was overtaken by local authorities, has now ceased all operations in the country.

To put that in perspective, consider that in 2016, only 3,000 vehicles were sold in Venezuela, a country of 30 million people.

The U.S. Southern Command has floated the idea of using the United States’ military to contain unrest in Venezuela, though historically American intervention in South America is both widely unpopular in the region and wildly unsuccessful.

As we look on at the continuing horrors in the Middle East and what seems, at the moment, to be the makings of World War III in Asia, let’s not lose sight of the fact that right now, the people of Venezuela are in pain.





EURUSD Spikes To 5-Month Highs After Early French Results

Courtesy of ZeroHedge. View original post here.

With projections all confirming Le Pen and Macron into the second round (though varying notably on who is leading), the markets appear comforted by Macron’s position as EURUSD has spike almost 100 pips breaking above 1.09 to 5-month highs…

EURUSD above 1.09…

To its highest since Nov 11th…

Breaking above the 200-day moving average…





Live Feed: French Riot Police Clash With Far Left Protesters In Central Paris

Courtesy of ZeroHedge. View original post here.

Clashes have erupted in Le Bastille in central Paris on Sunday evening between riot police and disappointed far left protesters following the closing of polls in the first round of the presidential election, AP reports.

According to local press, the French police have used smoke pellets and are moving toward protesters who started to break the fences at the Place de la Bastille in the center of Paris. After that, police started dispercing protesters, Sputnik notes.

Plusieurs centaines de personnes à Bastille. Dispositif police important. #1erTour2017 pic.twitter.com/bdZqJ6Vdiw

— Xenia__Sputnik (@XseniaSputnik) April 23, 2017

Currently, a protest is held in the French capital. It comes after the voting stations closed in the country as French citizens were voting to elect their next president. Similar to Sunday’s protest, a rally against the election dubbed “The Night of the Barricades” was held on Saturday. Over 2 thousand participated in the rally. The police dispersed protesters with tear gas.

Quelques heurts avec les forces de l’ordre au cours de la manifestation #AFP pic.twitter.com/21hOj5mn6s

— Agence France-Presse (@afpfr) April 23, 2017

#BREAKING: Here are the scene of the protest in Central Paris. (Photos by @AmichaiStein1) #Presidentielle2017 #Frenchelections pic.twitter.com/XljEpo9wab

— BreakingNews Alerts (@BNAlertsHQ) April 23, 2017

Live feed from Paris:





Bookies See Almost 90% Chance Of Macron Becoming French President

Courtesy of Zero Hedge

As results begin to trickle in (with pollsters showing Macron leading and official French Interior Ministry showing a Le Pen lead), betting odds (according to Betfair) are now giving Macron comfortably over 80% chance of becoming France’s next President.

As the evening has gone on and the picture becomes clearer, his odds continue to increase. The market is clearly expecting a ‘Front Republicain’ to form, as it did in 2002, to rally behind Emmanuel Macron and to deny Marine Le Pen.

Of course, bookies didnt quite get Brexit and Trump right…





“This Is A Monumental Change”: Citi Asks If This Is The “End Of Two Party System In France”

Courtesy of ZeroHedge. View original post here.

With events in France developing fast and furious, and with Le Pen either leading (for now) according to official French ministry data, or in second place according to exit polls, Citi’s Fraser King asks: “Is this the end of the two-party system in France.”

More from Citi:

If results stay as polls suggest, with Le Pen and Macron in the second round, it will be the first time in the history of the ‘fifth’ Republique, that one of France’s two major parties will not be present, marking a monumental change in the French political landscape.

Emmanuel Macron’s newly created ‘En Marche!’ party will front up against Marine Le Pen’s ‘Front National’. In 2002, French voters united behind Jacques Chirac in a phenomenon dubbed the ‘Front Republicain’ to prevent the far-right FN from winning. Will the same happen for Macron?

This may have repercussions for French politics with regards to the legislative body (Assemblee Generale and le Senat). When a sitting president does not control the legislative, it is known as ‘cohabitation’ (common in other countries, like Germany, but not seen in France since 2002).





Target2 and Secret Bailouts: Will Germany be Forced Into a Fiscal Union with Rest of Eurozone?

Courtesy of Mish.

Project Syndicate writer, Hans-Werner Sinn, explains why the ECB’s asset purchases and Target2 imbalances constitute “Europe’s Secret Bailout”.

Under the ECB’s QE program, which started in March 2015, eurozone members’ central banks buy private market securities for €1.74 trillion ($1.84 trillion), with more than €1.4 trillion to be used to purchase their own countries’ government debt.

The QE program seems to be symmetrical because each central bank repurchases its own government debt in proportion to the size of the country. But it does not have a symmetrical effect, because government debt from southern European countries, where the debt binges and current-account deficits of the past occurred, are mostly repurchased abroad.

For example, the Banco de España repurchases Spanish government bonds from all over the world, thereby deleveraging the country vis-à-vis private creditors. To this end, it asks other eurozone members’ central banks, particularly the German Bundesbank and, in some cases, the Dutch central bank, to credit the payment orders to the German and Dutch bond sellers. Frequently, if the sellers of Spanish government bonds are outside the eurozone, it will ask the ECB to credit the payment orders.

In the latter case, this often results in triangular transactions, with the sellers transferring the money to Germany or the Netherlands to invest it in fixed-interest securities, companies, or company shares. Thus, the German Bundesbank and the Dutch central bank must credit not only the direct payment orders from Spain but also the indirect orders resulting from the Banca de España’s repurchases in third countries.

The payment order credits granted by the Bundesbank and the Dutch central bank are recorded as Target claims against the euro system.

For the GIPS countries [Greece, Italy, Portugal, and Spain], these transactions are a splendid deal. They can exchange interest-bearing government debt with fixed maturities held by private investors for the (currently) non-interest-bearing and never-payable Target book debt of their central banks – institutions that the Maastricht Treaty defines as limited liability companies because member states do not have to recapitalize them when they are over-indebted.

If a crash occurs and those countries leave the euro, their national central banks are likely to go bankrupt because much of their debt is denominated in euro, whereas their claims against the respective states and the banks will be converted to the


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Zero Hedge

Trump To Discuss North Korea In Sunday Call With China's Xi, Japan's Abe

Courtesy of ZeroHedge. View original post here.

While the world is focused on the outcome of the first round of the French election, which is playing out much as the market had largely anticipated with Macron and Le Pen set to face each other in the runoff round, the North Korea threat remains, and according to Reuters, Donald Trump will speak on Sunday with Japanese Prime Minister Shinzo Abe and Chinese President Xi Jinping, citing a administration official.

The topic of discussion is expected to be North Korea.

Tensions have risen sharply with North Korea over its advancing nuclear and missile programs. Pyongyang said on Sunday it was r...



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Phil's Favorites

Bookies See Almost 90% Chance Of Macron Becoming French President

Courtesy of Zero Hedge

As results begin to trickle in (with pollsters showing Macron leading and official French Interior Ministry showing a Le Pen lead), betting odds (according to Betfair) are now giving Macron comfortably over 80% chance of becoming France’s next President.

As the evening has gone on and the picture becomes clearer, his odds continue to increase. The market is clearly expecting a ‘Front Republicain’ to form, as it did in 2002, to rally behind Emmanuel Macron and to deny Marine Le Pen.

Of course, bookies didnt quite get Brexit and Trump right...

...

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ValueWalk

SEC Says New York Advisors Falsified AUM to Entice Investors: Enforcement

By ThinkAdvisor. Originally published at ValueWalk.

SEC Says New York Advisors Falsified AUM to Entice Investors: Enforcement

The Securities and Exchange Commission charged a New York-based investment advisor, Hyaline Capital Management, LLC, and one of its founders, Justin D. Meadlin, with disseminating false information to prospective investors and clients in order to induce them to invest money with them. The SEC’s complaint, filed in federal court in New York, alleges that beginning in…

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By Unknown (Stefeyboy at en.wikisource) [Public domain], from Wikimedia Commons

The post ...



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Market News

News You Can Use From Phil's Stock World

 

Financial Markets and Economy

Wall Street gears up for busiest earnings week in years (Reuters)

Corporate America is set to unleash its biggest profit-reporting fest in at least a decade next week, with more than 190 members of the S&P 500 index .SPX delivering quarterly scorecards, according to S&P Dow Jones Indices data.

Draghi Says ECB Hasn’t Seen Evidence of Durable Eurozone Infl...



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Members' Corner

Should I buy that stock?

Courtesy of Phil Stasukaitis (pstas)

I was asked by my local investment club to do a presentation on "how to buy a stock?" As I pondered the question, I began by noting all the elements that I monitor regularly and which come in to play as part of my decision process. As the group is comprised novices to experts, I tried to gear my discussion to cover both basics and more advanced concepts.

Four Part Discussion

  1. Macro Economic Indicators
  2. Market Indexes
  3. Fundamental Analysis
  4. Technical Analysis

1. Macro Economic Indicators

We'll start with reviewing some basic concepts and measurements that have direct effects on the stock market. 

A. Gross Domestic Product (GDP)

...

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Kimble Charting Solutions

Banks at risk if this support gives ways, says Joe Friday

Courtesy of Chris Kimble.

Regional and Large banks have done well since the election. Of late they have lagged the broad market and find themselves testing what could be very important support levels. Below looks at regional bank ETF (KRE).

CLICK ON CHART TO ENLARGE

KRE has experienced a rally that started in February of 2016. This rally picked up speed following the election last November, as KRE almost went verti...



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Insider Scoop

15 Biggest Mid-Day Gainers For Friday

Courtesy of Benzinga.

  • China Digital TV Holding Co., Ltd.(ADR) (NYSE: STV) shares jumped 33.9 percent to $1.70. China Digital TV declared a special cash dividend of US$1.50 per ordinary share.
  • Carver Bancorp Inc (NASDAQ: CARV) shares surged 31 percent to $5.23.
  • CAI International Inc (NYSE: CAI) rose 21.3 percent to $18.75 after the company reported upbeat quarterly profit.
  • Pernix Therapeutics Holdings Inc (NASDAQ: PTX) shares...


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Chart School

Markets Rally, But Still Work To Do.

Courtesy of Declan

A positive response to Friday's selling helped erase those losses, but for many indices it wasn't enough to recover support or reverse technical 'sell' triggers.

The S&P is on the verge of a 'death cross' between 20-day and 50-day MAs as the rally finished just below the 50-day MA. The consolidation channel remains in play and this should see higher prices in the latter part of the year, but for now, it's drifting down in a relatively controlled manner.
 

A second 'bear trap' could be ...



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OpTrader

Swing trading portfolio - week of April 17th, 2017

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

Bombing - Right or Wrong?

Courtesy of Jean-Luc

I am telling you Angel – makes no sense… BTW:

Republicans Love Bombing, But Only When a Republican Does It

By Kevin Drum, Mother Jones

A few days ago I noted that Republican views of the economy changed dramatically when Donald Trump was elected, but Democratic views stayed pretty stable. Apparently Republicans view the economy through a partisan lens but Democrats don't.

Are there other examples of this? Yes indeed. Jeff Stein points to polling data about air strikes against Syria:

Democr...



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Biotech

CAR-T & CRISPR - the Future is Now

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

PSW Members....it has been a while since my last post, but since many have all been on the board following the chat, it is time for a scientific lesson in a few of the companies we are long.  In addition, another revolution is coming in the medical field, and it will be touched upon as well.

CAR-T - stands for Chimeric antigen receptors (CARs) and the T is for T-cell.  

From the picture above, T-cells are one cell type of our immune system that fight off infection as well as they are one player at keeping rogue cells from becoming cancerous. Unfortunately, cancer somehow evades the immune system and so it begins.

CAR-T came along in the late1980s via a brilliant scientist, Zelig Eshhar...



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Digital Currencies

Blockchain And Us - The Documentary

Courtesy of Zero Hedge

In 2008, Satoshi Nakamoto invented bitcoin and the blockchain. For the first time in history, his invention made it possible to send money around the globe without banks, governments or any other intermediaries. The concept of the blockchain isn’t very intuitive. But still, many people believe it is a game changer.

The first 40 years of the Internet brought e-mail, social media, mobile applications, online shopping, Big Data, Open Data, cloud computing, and the Internet of Things.

Information technology is at the heart of everything today - good and bad.  

Despite advances in privacy, security, and inclusion, one thing is still missing from the Internet: Trust.

...



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Promotions

Free eBook - "My Top Strategies for 2017"

 

 

Here's a free ebook for you to check out! 

Phil has a chapter in a newly-released eBook that we think you’ll enjoy.

In My Top Strategies for 2017, Phil's chapter is Secret Santa’s Inflation Hedges for 2017.

This chapter isn’t about risk or leverage. Phil present a few smart, practical ideas you can use as a hedge against inflation as well as hedging strategies designed to assist you in staying ahead of the markets.

Some other great content in this free eBook includes:

 

·       How 2017 Will Affect Oil, the US Dollar and the European Union

...

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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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FeedTheBull - Top Stock market and Finance Sites



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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About Ilene:

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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