Archive for August, 2013

Unidentified Marine Sums It All Up

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Presented with no comment…

 

(via @NewsNinja2012)

 

whether or not this is a real member of the US armed forces is unknown but we suspect it sums up many of their perspectives as Obama punts to Congress.





Guest Post: If The Syria Issue Were An ‘SNL’ Skit

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Authored by Jim VandeHei, originally posted at Politico,

The Ironic War Plan

Imagine Dick Cheney in a “Saturday Night Live” skit fantasizing about Barack Obama handling the pressures of going to war.

Cheney’s sitting there, yucking it up with Rummy and the boys, eating yellow cake. He laughs off his own reckless rush to an unwinnable war fought on flawed grounds. His thought bubble pops up.

Obama would be droning on about the complexities of Syria, the limits of U.S. power in the region, the danger of action and the wisdom of caution.

He would promise swift action only if true red lines were crossed. The deaths of 100,000 people would not be one of them.

He would feel self-conscious about looking weak, so he would talk to those in the press who truly understand his complex views. In doing so, he would spring a surprise on his advisers and say the movement of or use of chemical weapons by the Syrian regime would be the trigger to “change my calculus.”

His staff would leak that it was improvised, so even it didn’t know if it was real.

Syria would then cross that red line, using chemical weapons in defiance of Obama and other leaders of civilized nations, a provocation the president simply could not ignore.

So Obama would promise swift, decisive action. But not until aides leak to the media that he doesn’t really want to do it.

Obama would know his anti-war base on the left would simply hate another war based on allegations of weapons of mass destruction.

So he would promise swift but very limited action. Of course, he won’t topple the regime like that crazy Bush did in Iraq, his staff would privately explain to the press. Of course, it will be short, targeted, with no boots on the ground or sustained effort, it would add.

Obama would seek the backing of world leaders, to find only Britain and France would immediately stand with him and that the same nations who refused to help in Iraq would refuse to help him here. Vladimir Putin, the guy Obama took office promising to straighten out, would thumb his nose.

Obama would get hung up on legal justification for action, finding out quick that it’s scant or at least dubious in the…
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Japan Seeks to Hike Taxes then Waste Money on Stimulus to Make Up for Decline in Spending; Currency Crisis Awaits

Courtesy of Mish.

Politicians and economic illiterates frequently assume two wrongs make a right. Here is a case in point: Japan panel backs sales tax hike coupled with stimulus.

Japan’s government won backing for a controversial decision to raise the national sales tax in 2014 after influential members of a special advisory panel said the step would not threaten economic recovery or business confidence if it was coupled with other stimulus.

Prime Minister Shinzo Abe convened the panel to hear a wide range of views on whether to press ahead with a planned hike in the consumption tax to 8 percent from the current 5 percent in April. Unless Abe changes the plan, the sales tax will be raised to 10 percent in October 2015.

Advocates, including officials at the Ministry of Finance, say raising the tax would be an important first step in trying to lower public debt, which is the worst among industrialized countries at more than twice the size of Japan’s economy.

When Japan last hiked the sales tax from 3 percent to 5 percent in 1997, consumer spending tumbled by 13 percent in the quarter after the higher tax went into effect. That was followed by a recession.

Two Wrongs Don’t Make a Right

When you cherry pick a panel, and the panel has a pre-determined outcome, the answer always comes out the way you expect.

Thus Abe’s blue ribbon panel concluded tax hikes won’t hurt. And for good measure, if by some chance they do, the panel suggested wasting those tax dollars on stimulus.

Good grief!

Appearances of Success

 Appearances of success are not the same as success.

It is conceivable that such a preposterous plan might “appear” to work for the simple reason Japan’s two lost decades might have finally played out on their own accord.

However, that will not make the policy successful in any real sense. Raising taxes and then wasting the money are never good solutions to anything. Two wrongs don’t make a right….



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Gearing Up For September

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

September is likely to be dominated by a number of key event risks, in addition to ongoing uncertainty around the US growth outlook, the Fed’s reaction function and heightened EM volatility. We highlight the major events and likely market implications.

Via BofAML,
Fasten Your Seatbelts

1. Potential US strike on Syria

US officials are reportedly preparing to launch missile strikes at strategic targets inside Syria in reaction to the Syrian government’s alleged use of chemical weapons last week. The British parliament held a vote on whether to authorize the use of military force in Syria, but the vote failed, leaving the US with less support from key allies than expected. However, according to press reports there is a reasonable probability of a unilateral US strike over the weekend or early next week. Nevertheless, markets seem largely unfazed heading in to the long US weekend, though the situation remains highly uncertain.

Rates implications: oil shock and rates

It is too early to assess the economic and rates implications of a potential strike given the uncertainty around the timing and duration of the conflict and possible spill-over in the region. However, there has already been a sizable run-up in oil prices this week (Brent crude is up 4.8% since last Thursday’s close) and this could have effects on rates. Table 2 shows the average impact on 10y nominal Treasury yields, real yields, TIPS breakevens and the stock market in episodes where oil moved by more than 1 standard deviation over a month.

The most obvious impact is a consistent rise in TIPS breakevens across episodes. The impact on nominal rates is mixed, with half the events leading to a rise in nominal rates and half declining. Table 2 isolates market shocks in certain specific oil shock periods. Clearly, the effect on nominal yields is ambiguous, but real yields have generally declined and breakevens have consistently risen.

2. FOMC meeting

Markets have been fixated on the timing of tapering, but there will be a number of other important aspects of the September 18 FOMC meeting.

Apart from the decision to taper or not, also crucial to the market will be guidance around the size and composition of tapering and guidance around the forward tapering path. The FOMC statement may or may not introduce language addressing this issue, but…
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Comment by jomama

View Single Comment

  1. jomama
    November 18th, 2007 at 4:48 pm
    K1, thanks you’re the best! Thanks for all of your hard work. Belated Happy Diwali (If i remember correctly, you’re a fellow desi)







Comment by CMan

View Single Comment

  1. CMan
    November 18th, 2007 at 4:08 pm
    K1,
    I echo all of the comments above – Your contribution is priceless – great material for newbies and a nice quick ref for all.
    HUGE THANK YOU!







Comment by Henk

View Single Comment

  1. Henk
    November 9th, 2007 at 7:06 am
    Good Morning
    any idea where that break out level may take us to??







Comment by k1

View Single Comment

  1. k1
    November 3rd, 2007 at 4:35 pm
    Ins and Outs of PSW:
    Of Interest (phil’s desktop, trader status, etc.)
    Liberal Leanings (including detailed plans to fix the world)
    The NYMEX Scam
    Esoterica: things I found along the way







Comment by Richard

View Single Comment

  1. Richard
    November 3rd, 2007 at 6:21 pm
    It just occurred to me that it might be very helpful to put a new tab at the top of the PSW home page for “The K1 Project”. That will make your efforts easy to find and refer to for months and years to come.

    So, what’s your favorite color, K1?







Comment by Richard

View Single Comment

  1. Richard
    November 4th, 2007 at 1:21 pm
    Well, K1, I’m sure Phil or Jared will find a place for your red tab somewhere. While you are still developing the project, it might be most useful under Newsletters. After you’ve completed the areas you have indicated, maybe then would be the time to put it in Education. That’s my two cents. Wherever your tab ends up, I’m sure it will be “hit on” frequenly.







 
 
 

Zero Hedge

Philly Fed Unexpectedly Soars To Second Highest On Record

Courtesy of ZeroHedge View original post here.

Anyone expecting the coronavirus pandemic to hit regional Fed surveys following the recent plunge in the Chicago PMI was in for a disappointment this week, when first the NY Fed's Empire State mfg survey unexpectedly printed at the highest since mid-2018, and then moments ago the Philly Fed blew it out of the ballpark with a massive surge in its business outlook survey, where the current general activity rose nearly 20 points this month to 36.7, smashing expectations of a drop from 17.0 to 11.0, and the highest index reading since February 2017. More importantly, this was th...



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Phil's Favorites

Why Trump's post-impeachment actions are about vengeance, not retribution

 

Why Trump's post-impeachment actions are about vengeance, not retribution

President Trump fired Army Lt. Col. Alexander Vindman for testifying in his impeachment trial. AP Photo/Susan Walsh, File

Courtesy of Austin Sarat, Amherst College

Since the end of his Senate impeachment trial, President Donald Trump has carried out a concerted campaign against ...



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Biotech & Health

Deep learning AI discovers surprising new antibiotics

 

Deep learning AI discovers surprising new antibiotics

A colored electron microscope image of MRSA. NIH - NIAID/flickr, CC BY

Courtesy of Sriram Chandrasekaran, University of Michigan

Imagine you’re a fossil hunter. You spend months in the heat of Arizona digging up bones only to find that what you’ve uncovered is from a previously discovered dinosaur.

That’s how the search for antibiotics has panned out recently. The relatively few antibiotic hunters out there ...



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The Technical Traders

WATCH THE USD/GOLD RELATIONSHIP

Courtesy of Technical Traders

Chris Vermeulen joins me to share the levels he is watching on the charts. If the USD hits a rough patch and rolls over that could be another driver for the PMs to run much higher. We also touch on the small (for now) bounce in natural gas and the trading opportunity Chris is playing.

Get Chris’ trade alerts complete with price targets, and stop-loss levels.

...



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Kimble Charting Solutions

King Dollar Going To Lose Strength Here? Gold & Silver Hope So!!!

Courtesy of Chris Kimble

Is King$ and the Euro facing important breakout/breakdown tests at the same time? It looks like it in this chart!

The US$ trend remains up, as it has created a series of higher lows since the start of 2018. The opposite can be said for the Euro, as it has created a series of lower highs since early 2018.

The US$ is currently testing the top of its 18-month rising channel, as the Euro is testing the bottom of its falling channel.

What King$ and...



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Insider Scoop

The Daily Biotech Pulse: Heron Pain Drug Review Extended, Disappointment For Teva In Tourette Syndrome Study

Courtesy of Benzinga

Here's a roundup of top developments in the biotech space over the last 24 hours.

Scaling The Peaks

(Biotech Stocks Hitting 52-week highs on Feb. 19)

  • Adverum Biotechnologies Inc (NASDAQ: ADVM)
  • Akebia Therapeutics Inc (NASDAQ: AKBA)
  • Ana...


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Digital Currencies

Altcoin season 2.0: why bitcoin has been outgunned by crypto rivals since new year

 

Altcoin season 2.0: why bitcoin has been outgunned by crypto rivals since new year

‘We have you surrounded!’ Wit Olszewski

Courtesy of Gavin Brown, Manchester Metropolitan University and Richard Whittle, Manchester Metropolitan University

When bitcoin was trading at the dizzying heights of almost US$2...



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ValueWalk

What US companies are saying about coronavirus impact

By Aman Jain. Originally published at ValueWalk.

With the coronavirus outbreak coinciding with the U.S. earnings seasons, it is only normal to expect companies to talk about this deadly virus in their earnings conference calls. In fact, many major U.S. companies not only talked about coronavirus, but also warned about its potential impact on their financial numbers.

Q4 2019 hedge fund letters, conferences and more

Coronavirus impact: many US companies unclear

According to ...



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Chart School

RTT browsing latest..

Courtesy of Read the Ticker

Please review a collection of WWW browsing results. The information here is delayed by a few months, members get the most recent content.



Date Found: Tuesday, 01 October 2019, 02:18:22 AM

Click for popup. Clear your browser cache if image is not showing.


Comment: Wall of worry, or cliff of despair!



Date Found: Tuesday, 01 October 2019, 06:54:30 AM

Click for popup. Clear your browser cache if image is not showing.


Comment: Interesting.. Hitler good for the German DAX when he was winning! They believed .. until th...



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Members' Corner

How to Stop Bill Barr

 

How to Stop Bill Barr

We must remove this cancer on our democracy.

Courtesy of Greg Olear, at PREVAIL, author of Dirty Rubles: An Introduction to Trump/Russia

...



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Lee's Free Thinking

Why Blaming the Repo Market is Like Blaming the Australian Bush Fires

 

Why Blaming the Repo Market is Like Blaming the Australian Bush Fires

Courtesy of  

The repo market problem isn’t the problem. It’s a sideshow, a diversion, and a joke. It’s a symptom of the problem.

Today, I got a note from Liquidity Trader subscriber David, a professional investor, and it got me to thinking. Here’s what David wrote:

Lee,

The ‘experts’ I hear from keep saying that once 300B more in reserves have ...



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Mapping The Market

How IPOs Are Priced

Via Jean Luc 

Funny but probably true:

...

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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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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. Contact Ilene to learn about our affiliate and content sharing programs.