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

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  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







 
 
 

Phil's Favorites

Brexit: how the end of Britain's empire led to rising inequality that helped Leave to victory

 

Brexit: how the end of Britain's empire led to rising inequality that helped Leave to victory

AC Arts Photography via Shutterstock

Courtesy of Danny Dorling, University of Oxford and Sal...



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Zero Hedge

World Trade War I: US Asks South Korea To Join Anti-Huawei Campaign

Courtesy of ZeroHedge. View original post here.

The bilateral trade war between the US and China is gradually becoming a global trade war of global geopolitical and commercial dominance between the US and Chinese spheres of influence.

Shortly after the two largest mobile phone companies in the UK decided against launching Huawei-built 5G phones this morning, and roughly around the time a bevy of Japanese tech and telecom companies including ARM Holdings, Panasonic and SoftBank all imposed a boycott on supplying Huawei with mission critical components joining Australia, and New Zealand as major US allies to end commercial relat...



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Kimble Charting Solutions

Emerging Markets About To Submerge If 3-Year Support Breaks?

Courtesy of Chris Kimble.

Are Emerging Markets about to “Submerge” and head a good deal lower? What they do at (3) will go a long way in answering this question!

Emerging Markets ETF (EEM) has been lagging the broad market for the past 15-months. They hit their 50% retracement level of the last year’s highs and lows and falling resistance at (2) recently. The weakness of last has EEM trading below its 200-MA line.

EEM has spent the majority of the past 3-years inside of rising channel (1), which reflects that this trend remains up. The weakness of late has it testing the bo...



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Insider Scoop

Amgen To Buy Danish Collaborator Nuevolution For $167M

Courtesy of Benzinga.

Amgen, Inc. (NASDAQ: AMGN) took a logical step forward in buying a preclinical biotech it has been collaborating with since 2016. 

What Happened

Amgen announced Wednesday an agreement to buy Copenhagen-based Nuevolution for $167 million.

Th...



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Chart School

Weekly Market Recap May 18, 2019

Courtesy of Blain.

China – U.S. trade talk continued to dominate the week.   A heavy selloff Monday was followed by 3 up days, with Friday moderately down.

On Monday, Chinese officials announced retaliatory tariffs against the U.S., hitting $60 billion in annual exports to China with new or expanded duties that could reach 25%.

Then on Wednesday:

The Trump administration plans to delay a decision on instituting new tariffs on car and auto part imports for up to six months, according to media reports.

...

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Digital Currencies

Cryptocurrencies are finally going mainstream - the battle is on to bring them under global control

 

Cryptocurrencies are finally going mainstream – the battle is on to bring them under global control

The high seas are getting lower. dianemeise

Courtesy of Iwa Salami, University of East London

The 21st-century revolutionaries who have dominated cryptocurrencies are having to move over. Mainstream financial institutions are adopting these assets and the blockchain technology that enables them, in what ...



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Biotech

DNA as you've never seen it before, thanks to a new nanotechnology imaging method

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

 

DNA as you've never seen it before, thanks to a new nanotechnology imaging method

A map of DNA with the double helix colored blue, the landmarks in green, and the start points for copying the molecule in red. David Gilbert/Kyle Klein, CC BY-ND

Courtesy of David M. Gilbert, Florida State University

...



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ValueWalk

More Examples Of "Typical Tesla "wise-guy scamminess"

By Jacob Wolinsky. Originally published at ValueWalk.

Stanphyl Capital’s letter to investors for the month of March 2019.

rawpixel / Pixabay

Friends and Fellow Investors:

For March 2019 the fund was up approximately 5.5% net of all fees and expenses. By way of comparison, the S&P 500 was up approximately 1.9% while the Russell 2000 was down approximately 2.1%. Year-to-date 2019 the fund is up approximately 12.8% while the S&P 500 is up approximately 13.6% and the ...



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Members' Corner

Despacito - How to Make Money the Old-Fashioned Way - SLOWLY!

Are you ready to retire?  

For most people, the purpose of investing is to build up enough wealth to allow you to retire.  In general, that's usually enough money to reliably generate a year's worth of your average income, each year into your retirement so that that, plus you Social Security, should be enough to pay your bills without having to draw down on your principle.

Unfortunately, as the last decade has shown us, we can't count on bonds to pay us more than 3% and the average return from the stock market over the past 20 years has been erratic - to say the least - with 4 negative years (2000, 2001, 2002 and 2008) and 14 positives, though mostly in the 10% range on the positives.  A string of losses like we had from 2000-02 could easily wipe out a decades worth of gains.

Still, the stock market has been better over the last 10 (7%) an...



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Mapping The Market

It's Not Capitalism, it's Crony Capitalism

A good start from :

It's Not Capitalism, it's Crony Capitalism

Excerpt:

The threat to America is this: we have abandoned our core philosophy. Our first principle of this nation as a meritocracy, a free-market economy, where competition drives economic decision-making. In its place, we have allowed a malignancy to fester, a virulent pus-filled bastardized form of economics so corrosive in nature, so dangerously pestilent, that it presents an extinction-level threat to America – both the actual nation and the “idea” of America.

This all-encompassing mutant corruption saps men’s souls, crushes opportunities, and destroys economic mobility. Its a Smash & Grab system of ill-gotten re...



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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"

 

 

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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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