Posts Tagged ‘Gerard Celente’

Gerard Celente – The Anti Kool Aid

Gerard Celente – The Anti Kool Aid

Courtesy of Trader Mark, at Fund My Mutual Fund

I first saw Gerard Celente on one of those Fox Business shows when the network was new and I was exploring what it was offering. (As an aside Fox Business debut pretty much marked the top in the S&P 500!)  A quirky fellow… but I found many of his views intersected with mine. I went to go look at his website after the interview and I was pretty impressed with his old calls.  Quite a bit of is social rather than just pure economics so being a student of humankind, I find his broader talking points quite fascinating.  He is not afraid to say things that makes Americans uncomfortable – and hopefully makes them think if they are open minded about the society we have created.  You will recognize many similar themes to what has been seen in these web pages the past 3+ years.  Long time readers will recall the coming "pooring of America" I often cited back in the early days of the website as the U.S is broken into an elite ‘capital owner’ class and "everyone else".   [Dec 8, 2007: Do the Bottom 80% of Americans Stand a Chance?]  

Corporations are now "people" (per the Supreme Court), lobbyists rule the land (and create the rules), and almost every major industry in America is an oligarchy as ‘anti trust’ is something found only in textbooks.  It’s not just banks, let’s be clear. Of course if you dare talk about wealth and income disparity or power concentration, you are immediately called a socialist (or worse… a "European"!) and the conversation ends.  But of course it is spoken about (in quiet whispers) in the halls of our investment banks.  [Sep 7, 2009: Citigroup 2006 - America, A Modern Day Plutonomy]

Since Celente makes my views look like Kool Aid Drinker in Chief, I hesitated to post some of his interviews until they were in a business format.  CNBC would never have a…
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Phil's Favorites

FRBNY Nowcast 2.7%: Heads Towards Convergence With GDPNow

Courtesy of Mish.

The Federal Reserve Bank of New York “Nowcast” for 4th quarter GDP rose to 2.7%, up from 2.5% last week.

Meanwhile the Atlanta Fed “GDPNow” forecast declined from 3.6% on November 23 to 2.9% yesterday.

The numbers head towards convergence as expected in this corner.

4th Quarter Nowcast Highlights – December 2 2016

  • The FRBNY Staff Nowcast stands at 2.7% for 2016:Q4.
  • News from this week’s data releases provided mixed signals, but overall had a positive impact on the nowcast.
  • Rea...


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Zero Hedge

Erdogan Demands Turks Exchange Their Dollars To Gold, Lira

Courtesy of ZeroHedge. View original post here.

Early this morning, in yet another session of panicked selling, the Turkish Lira crashed to new record lows to just shy of USDTRY 3.60, momentarily going bidless as the currency plunged nearly 400 pips in seconds, after Turkish President Recep Erdogan said the path for investors will be opened with lower interest rates, and urged the central bank to imitate Japan and U.S. where rates are low: “why should we go around with 14-15 percent?” 

The answer is simple: the currency tends to drop when an economy is seen as weak, the political regime unstable, or - yes - a central bank cuts rates, ...



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ValueWalk

We Must Set Muslims Against ISIS

By Mauldin Economics. Originally published at ValueWalk.

There is still a debate over whom the United States is waging war against. Some regard the wave of terrorism undertaken by al-Qaida and the Islamic State as linked significantly to Islam. Others want to distinguish between Islam and these groups in order not to tar an entire religion with the actions of a few.

Clarity, in defining the enemy, is essential to waging a war. If the enemy is terrorism, then the enemy is not a political movement but a method of waging war—no matter who used the method.

...

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Kimble Charting Solutions

Interest rates could peak here, says Joe Friday

Courtesy of Chris Kimble.

The talk over the past couple of months has been, interest rates are rising and the Fed will raise rates very soon. Joe Friday feels a big test is in play, before one can say the “rate trend has changed!”

Below looks at the yield on the 10-year note, over the past 20-years.

CLICK HERE TO ENLARGE

The yield on the 10-year note has remained inside of falling channel (1), creating lower highs and lower lows, for the majority of the past 20-years. The top of the channel is bein...



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Market News

News You Can Use From Phil's Stock World

 

Financial Markets and Economy

Goldman Says Trump's Presidency Will Benefit Stocks in Almost Every Sector (Bloomberg)

After years of slowing earnings growth and little in the way of excitement for many Wall Street analysts, many are now hopeful that President-elect Donald Trump will finally make things interesting.

Treasury Pick Mnuchin Says Tax Cuts to Double U.S. Growth (Bloomberg)

U.S. Treasury Secretary-nominee Steven Mnuchin outlined an economic agenda aimed at almost doubling the growth rate of the...



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Chart School

US 30 yr yield, your best defence is?

Courtesy of Read the Ticker.

It is said that a rising stock market with rising interest rates is healthy ! Then why are there massive shipments of 'Adult Diapers' to Wallstreet (joke) ?

The cost of money ($USD) is changing
- Share buy backs will cost more
- Mortgage rates will rise
- Dividends will have to match this
- US Govt interest bill increasing
- 'Deals' just cost more more more!

Short Answer: This is not good.

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Remember the FED QE tends to see interest rates rise...so that wont help! Maybe Janet Yellen will say 'We will do what it takes to save the dollar, and it will be enough!'...

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Members' Corner

Second Hand Stink?

Courtesy of Nattering Naybob.

In what seems to be a recurring scatological humor theme, aka our "Toilet Thursday's" or "Thursday's in the Loo" of the past few weeks, we follow up on The Story of Poo-Pourri.

In Second Hand Stink?, men are not so subtlety reminded that an odiferous fog wafting from the bedroom loo, can indeed kill the moment. 

...

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OpTrader

Swing trading portfolio - week of November 28th, 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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Digital Currencies

Largest US Bitcoin Exchange Is "Extremely Concerned" With IRS Crackdown Targeting Its Users

Courtesy of ZeroHedge. View original post here.

Last Thursday we reported that in a startling development seeking to breach the privacy veil of users of America's largest bitcoin exchange, the IRS filed court papers seeking a judicial order to serve a so-called “John Doe” summons on the San Francisco-based Bitcoin platform Coinbase.

The government’s request is part of a bitcoin tax-evasion probe, and se...



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Mapping The Market

The Most Overlooked Trait of Investing Success

Via Jean-Luc

Good article on investing success:

The Most Overlooked Trait of Investing Success

By Morgan Housel

There is a reason no Berkshire Hathaway investor chides Buffett when the company has a bad quarter. It’s because Buffett has so thoroughly convinced his investors that it’s pointless to try to navigate around 90-day intervals. He’s done that by writing incredibly lucid letters to investors for the last 50 years, communicating in easy-to-understand language at annual meetings, and speaking on TV in ways that someone with no investing experience can grasp.

Yes, Buffett runs an amazing investment company. But he also runs an amazing investor company. One of the most underappreciated part of his s...



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Biotech

Epizyme - A Waiting Game

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

Epizyme was founded in 2007, and trying to create drugs to treat patient's cancer by focusing on genetically-linked differences between normal and cancer cells. Cancer areas of focus include leukemia, Non-Hodgkin's lymphoma and breast cancer.  One of the Epizme cofounders, H. Robert Horvitz, won the Nobel Prize in Medicine in 2002 for "discoveries concerning genetic regulation of organ development and programmed cell death."

Before discussing the drug targets of Epizyme, understanding epigenetics is crucial to comprehend the company's goals.  

Genetic components are the DNA sequences that are 'inherited.'  Some of these genes are stronger than others in their expression (e.g., eye color).  Yet, some genes turn on or off due to external factors (environmental), and it is und...



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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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Promotions

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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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