Archive for 2013

Thomas Sowell Asks “Who Is Racist?”

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Authored by Thomas Sowell, via Jim Quinn’s Burning Platform blog,

I am so old that I can remember when most of the people promoting race hate were white.

Apparently other Americans also recognize that the sources of racism are different today from what they were in the past. According to a recent Rasmussen poll, 31 percent of blacks think that most blacks are racists, while 24 percent of blacks think that most whites are racist.

The difference between these percentages is not great, but it is remarkable nevertheless. After all, generations of blacks fought the white racism from which they suffered for so long. If many blacks themselves now think that most other blacks are racist, that is startling.

The moral claims advanced by generations of black leaders – claims that eventually touched the conscience of the nation and turned the tide toward civil rights for all – have now been cheapened by today’s generation of black “leaders,” who act as if it is all just a matter of whose ox is gored.

Even in legal cases involving terrible crimes – the O.J. Simpson murder trial or the charges of gang rape against Duke University students – many black “leaders” and their followers have not waited for facts about who was guilty and who was not, but have immediately taken sides, based on who was black and who was white.

Among whites, according to the same Rasmussen poll, 38 percent consider most blacks racist and 10 percent consider most whites racist.

Broken down by politics, the same poll showed that 49 percent of Republicans consider most blacks racist, as do 36 percent of independents and 29 percent of Democrats.

Perhaps most disturbing of all, just 29 percent of Americans as a whole think race relations are getting better, while 32 percent think race relations are getting worse. The difference is too close to call, but the fact that it is so close is itself painful — and perhaps a warning sign for where we are heading. 

Is this what so many Americans, both black and white, struggled for, over the decades and generations, to try to put the curse of racism behind us — only to reach a point where retrogression in race relations now seems at least equally likely as progress?

What went…
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Comment by David Ristau

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  1. David Ristau
    August 5th, 2010 at 10:24 am

    Working on a New OT play…







Comment by David Ristau

View Single Comment

  1. David Ristau
    August 5th, 2010 at 10:24 am

    Working on a New OT play…







China’s Goal(seek)dilocks: GDP “Just Right”

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Despite the Schrodinger PMIs that the nation continues to pump-out in less and less transparent nature, and the leadership’s seeming desire to use the early years to ‘soft-land’ the bubble-economy created by their predecessors, it seems the most recent trade data (disappointment) was more an indication of reality (along with the recent jawboning) than the hopes of so many talking-heads in the West. GDP met lowered expectations of 7.5% YoY (but is down from last month’s and lowest since Sep12), Industrial Production missed expectations for the 4th month in a row (8.9% vs 9.1% YoY expectations) at its lowest since April 2009, and Retail Sales beat expectations by the most in 9 months! Of course, the ‘goldilocks’ will be seen as instantly indicative of either ‘all is well with global growth so don’t sweat it’ or of a need for an avalanche of stimulus to save the world, but as we noted here, China is way past the point of worrying about a few percentage points of GDP. AUD popped higher before the data and leaked back on the goldilocks reality; S&P futures testing spike highs from Friday; and gold pressing higher to $1295.

 

 

One more for fun – China Fixed Asset Investment YoY missed expectations by a smidge printing at its lowest on record…

 

Yay – new S&P highs…


 

Seems like something for everyone as usual…

 

Charts: Bloomberg





Why Tonight’s China GDP Number Is Meaningless: “The Economy Is Already In A Financial Crisis”

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

There has been much drama and even more propaganda heading into today’s China Q2 GDP number (expected to print at 7.5%, down from 7.7% previously). As even the stunned FT explains, a week ago Xinhua reported that China’s minister Lou Jiwei said at a news conference that China was aiming for 7% growth this year. “This figure was half a percentage point below the government’s official target, a seemingly small difference but one that opened a chasm in terms of policy.  The lower target was taken to imply that Beijing was unperturbed by the current economic slowdown, and that pleas for stimulus from companies and local officials facing bankruptcies and debt defaults would go unanswered.”

Then yesterday morning, the world woke up to the most blatant example of revisionism, when the same Xinhua “decided to quietly touch up Mr Lou’s words. The original article was changed to show that he had said 7.5 per cent, exactly consistent with the target announced at the national parliament back in March.” As the FT further shows, there is no “lost in translation moment” here and it was pure and simple propaganda meant to keep global markets steady at a time when the tiniest change from the trendline can lead to dramatic moves across asset classes.

Of course, all of the above is very much irrelevant: when it comes to economic data, in China whatever the Politburo’s Goalseek.xls model says is what goes, and credibility – especially in the context of a historic CNY1 trillion deleveraging – is irrelevant. But one reason why today’s GDP print is even more irrelevant than ever, is becuase as Xia Bin, an economist with the State Council’s Development Research Center and government advisor, said “Arguments about whether China will grow at 7% or 7.5% are “pointless” because the economy is already in a financial crisis which may only worsen if the government doesn’t address the country’s crippling debt problem.

Indeed, whether China is growing at 8% or 3% is anyone’s guess, and is largely irrelevant as long as the country can keep generating the required credit money expansion to avoid stall speed or a crash landing. However, what is very disturbing, is when dissident voices start emerging from within the placid lake that is China’s economic hierarchy, such as Xia. His opposition to…
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The Top-Down “Un-Reality”

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

US equities closed the week at new all-time highsand yay-verily the world of long-only asset-gethering talking heads celebrated this as in some way confirming their long-held ‘belief’ that the US is the cleanest dirty shirt and where-else are you going to invest (you dummy!!). Of course, reality is far different – as Seth Klarman noted, if it’s all so great then why did Bernanke need to stick-save us again this week? The bottom-line from the top-down is that the US is in fact the 2nd worst performing macro-economy of the year of the majors (2nd only to China) compared to expectations. What the following charts indicate though, is an interesting divergence between macro-reality and market-perception that is evident among the nations of the world that print money to save themselves… and those that are not (yet)…

 

NOT the cleanest dirty-shirt – not even close…

 

But let’s dig a little deeper… here are three regions that are NOT printing money… seems like macro and market are tending to stay together reflecting some reality…

 

and those nations that ARE printing money

 

Notice any difference?

 

Still a believer that it will all be ok?

 

Charts: Bloomberg and @Not_Jim_Cramer





Bill Black: Banks Have Blood on their Hands

Courtesy of Adam Taggart via Peak Prosperity blog,

We invited Bill Black to return to explain whether the level of systemic risk due to fraud in our financial markets has improved or worsened since the dire situation he painted for us in early 2012. Sadly, it looks like abuse by the big players has only flourished since then.

In the US, our regulators have publicly embraced a "too big to prosecute" doctrine. We are restraining, underfunding and dismantling regulatory oversight in the interests of short-term stability for the status quo. Which as a criminologist, Black knows with certainty creates an environment where bad actors will act in their self-interest with assumed (and likely real, at this point) impunity.

If you can steal with impunity, as soon as you devastate regulation, you devastate the ability to prosecute. And as soon as that happens, in our jargon, in criminology, you make it a criminogenic environment. It just means an environment where the incentives are so perverse that they are going to produce widespread crime. In this context, it is going to be widespread accounting control fraud. And we see how few ethical restraints remain in the most elite banks.

You are looking at an underlying economic dynamic where fraud is a sure thing that will make people fabulously wealthy and where you select by your hiring, by your promotion, and by your firing for the ethically worst people at these firms that are committing the frauds. And so you have one of the largest banks in the world, HSBC, being the key ally to the most violent Mexican drug cartel, where they actually did so much business together that the drug cartel designed special boxes to put the cash in that they were laundering that fit exactly into the teller windows so that there would be no delay. This is the efficiency principle of drug laundering.

So these banks figuratively have the blood of over a thousand people on their hands. They are willing to fund people that murder and torture and behead folks. And they are willing to do that year after year, despite warnings from the regulators that they are doing this. And the regulators are not willing to actually take serious action until there


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When Is A Coup Not A Coup

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Presented with no comment…

 

(h/t Jim Quinn’s Burning Platform blog)





Comment by ilene

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  1. ilene
    February 1st, 2012 at 3:01 am

    Hi Daniel, did you log in to the site?







Comment by David Ristau

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  1. David Ristau
    September 29th, 2010 at 3:02 pm

    http://www.philstockworld.com/2010/09/29/the-oxen-group-initiates-coverage-of-green-mountain-coffee-roasters-at-sell-price-target-22/#comment-401691







 
 
 

Zero Hedge

Americans' Economic Hope Has Collapsed

Courtesy of ZeroHedge. View original post here.

Which came first, the confidence or the stock market rally?

One thing is for sure, the crash in stocks in December has crushed the hope of Americans that their economic future is going to be better under President Trump.

Overall confidence dipped to 58.1 - a 4-month low, but, U.S. consumers this month were the most downbeat on the economy since November 2016, a third straight drop after expectations reached a 16-year high just three months earlier, as the partial government shutdown wears on toward a fourth week.

...



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Kimble Charting Solutions

Triple Breakout Test In Play For S&P 500!

Courtesy of Chris Kimble.

Is the rally of late about to run out of steam or is a major breakout about to take place in the S&P 500? What happens at current prices should go a long way in determining this question.

This chart looks at the equal weight S&P 500 ETF (RSP) on a daily basis over the past 15-months.

The rally from the lows on Christmas Eve has RSP testing the top of a newly formed falling channel while testing the underneath side of the 2018 trading range and its falling 50-day moving average at (1).

At this time RPS is facing a triple resistance test. Wil...



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Phil's Favorites

Brexit deal flops, Theresa May survives -- so what happens now?

 

Brexit deal flops, Theresa May survives -- so what happens now?

Courtesy of Victoria Honeyman, University of Leeds

As the clock ticks down to March 29 2019, all of the political manoeuvring, negotiating, arguing and fighting is coming to a peak. In the two and a half years since the 2016 EU referendum, views on both sides have hardened and agreement still seems as far away as it was the day after the referendum.

With Theresa May’s withdrawal agreement disliked by all sides, and voted down by an unprecedented majority in the House of Commons, everyone is wondering what can and should be done next?

...



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Digital Currencies

Crypto-Bubble: Will Bitcoin Bottom In February Or Has It Already?

Courtesy of Michelle Jones via ValueWalk.com

The new year has been relatively good for the price of bitcoin after a spectacular collapse of the cryptocurrency bubble in 2018. It’s up notably since the middle of December and traded around the psychological level of $4,000... so is this a sign that the crypto market is about to recover?

Of course, it depends on who you ask, but one analyst discovered a pattern which might point to a bottom next month.

A year after the cryptocurrency bubble popped

CCN...



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ValueWalk

D.E. Shaw Investment Calls For Leadership Change At EQT

By ActivistInsight. Originally published at ValueWalk.

Elliott Management has offered to acquire QEP Resources for approximately $2.1 billion, contending the oil and gas explorer’s turnaround efforts have done little to lift the company’s share price. The company responded and said that a thorough review of the proposition is imperative in order to properly act in the best interests of shareholders, “taking into account the company’s other alternatives and current market conditions.” The news came only a month after Travelport Worldwide agreed to sell itself to Siris Capital Group and Elliott’s private equity arm Evergreen Coast Capital for $4.4 billion in cash and two months after Athenahealth was bought by Veritas and Evergreen for $5.7 bi...



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Insider Scoop

UBS Says Disney's Streaming Ambition Gives It A 'New Hope'

Courtesy of Benzinga.

Related DIS Despite Some Risks, Analysts Still Expecting Double Digit Growth From Communications Services In Q4 ...

http://www.insidercow.com/ more from Insider

Chart School

Weekly Market Recap Jan 13, 2019

Courtesy of Blain.

In last week’s recap we asked:  “Has the Fed solved all the market’s problems in 1 speech?”

Thus far the market says yes!  As Guns n Roses preached – all we need is a little “patience”.  Four up days followed by a nominal down day Friday had the market following it’s normal pattern the past nearly 30 years – jumping whenever the Federal Reserve hints (or essentially says outright) it is here for the markets.   And in case you missed it the prior Friday, Chairman Powell came back out Thursday to reiterate the news – so…so… so… patient!

Fed Chairman Jerome Powell reinforced that message Thursday during a discussion at the Economic Club of Washington where he said that the central bank will be “fle...



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Members' Corner

Why Trump Can't Learn

 

Bill Eddy (lawyer, therapist, author) predicted Trump's chaotic presidency based on his high-conflict personality, which was evident years ago. This post, written in 2017, references a prescient article Bill wrote before Trump even became president, 5 Reasons Trump Can’t Learn. ~ Ilene 

Why Trump Can’t Learn

Donald Trump by Gage Skidmore (...



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Biotech

Opening Pandora's Box: Gene editing and its consequences

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

 

Opening Pandora's Box: Gene editing and its consequences

Bacteriophage viruses infecting bacterial cells , Bacterial viruses. from www.shutterstock.com

Courtesy of John Bergeron, McGill University

Today, the scientific community is aghast at the prospect of gene editing to create “designer” humans. Gene editing may be of greater consequence than climate change, or even the consequences of unleashing the energy of the atom.

...

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Mapping The Market

Trump: "I Won't Be Here" When It Blows Up

By Jean-Luc

Maybe we should simply try him for treason right now:

Trump on Coming Debt Crisis: ‘I Won’t Be Here’ When It Blows Up

The president thinks the balancing of the nation’s books is going to, ultimately, be a future president’s problem.

By Asawin Suebsaeng and Lachlan Markay, Daily Beast

The friction came to a head in early 2017 when senior officials offered Trump charts and graphics laying out the numbers and showing a “hockey stick” spike in the nationa...



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OpTrader

Swing trading portfolio - week of September 11th, 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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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:

 

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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. She manages the site market shadows, archives, more. Contact Ilene to learn about our affiliate and content sharing programs.

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