Archive for February, 2015

NXP Semiconductors Said to be Near Deal to Acquire Freescale Semiconductor

Courtesy of Benzinga.

NXP Semiconductors Said to be Near Deal to Acquire Freescale Semiconductor

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NXP Semiconductors NV (NASDAQ: NXPI) is near a deal to acquire Freescale Semiconductor Ltd (NYSE: FSL) in a $40 billion merger, according to sources as reported by Reuters. The report says NXP will pay a little more than the current $11 billion valuation for Freescale.

Spokespersons for NXP Semiconductors and Freescale Semiconductor were not immediately available for comment.

Freescale Semiconductor shares closed Friday at $36.11, a gain of $0.14.

Posted-In: News Rumors M&A





Most Americans Are Slaves And They Don’t Even Know It

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Submitted by Michael Snyder via The Economic Collapse blog,

Most Americans spend their lives working for others, paying off debts to others and performing tasks that others tell them that they “must” do.  These days, we don’t like to think of ourselves as “servants” or “slaves”, but that is what the vast majority of us are.  It is just that the mechanisms of our enslavement have become much more sophisticated over time.  It has been said that the borrower is the servant of the lender, and most of us start going into debt very early into our adult years.  In fact, those that go to college to “get an education” are likely to enter the “real world” with a staggering amount of debt.  And of course that is just the beginning of the debt accumulation.

Today, when you add up all mortgage debt, all credit card debt and all student loan debt, the average American household is carrying a grand total of 203,163 dollars of debt.  Overall, American households are more than 11 trillion dollars in debt at this point.  And even though most Americans don’t realize this, over the course of our lifetimes the amount of money that we will repay on our debts is far greater than the amount that we originally borrowed.  In fact, when it comes to credit card debt you can easily end up repaying several times the amount of money that you originally borrowed.  So we work our fingers to the bone to pay off these debts, and the vast majority of us are not even working for ourselves.  Instead, our work makes the businesses that other people own more profitable.  So if we spend the best years of our lives building businesses for others, servicing debts that we owe to others and making others wealthier, what does that make us?

In 2015, the words “servant” and “slave” have very negative connotations, and we typically don’t use them very much.

Instead, we use words like “employee” because they make us feel so much better.

But is there really that much of a difference?

This is how Google defines “servant”…

“a person who performs duties for others, especially a person employed


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Breaking Bad (Debt) – Episode One

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Submitted by Jim Quinn via The Burning Platform blog,

“At this juncture, the impact on the broader economy and financial markets of the problems in the subprime market seems likely to be contained.”Fed chairman, Ben Bernanke, Congressional testimony, March, 2007

“Capitalism without financial failure is not capitalism at all, but a kind of socialism for the rich.”James Grant, Grant’s Interest Rate Observer

The Federal Reserve issued their fourth quarter Report on Household Debt and Credit last week to the sounds of silence in the mainstream media. There were minor press releases issued by the “professional” financial journalists regurgitating the Federal Reserve’s storyline. Actual analysis, connecting the dots, describing how the massive issuance of student loan and auto loan debt has produced a fake economic recovery, and how the accelerating default rates in auto loans and student loans will produce the next subprime debt implosion, were nowhere to be seen on CNBC, Bloomberg, the WSJ, or any other status quo propaganda media outlet. Their job is not to analyze or seek truth. Their job is to keep their government patrons and Wall Street advertisers happy, while keeping the masses sedated, misinformed, and pliable.

Luckily, the government hasn’t gained complete control over the internet yet, so dozens of truth telling blogs have done a phenomenal job zeroing in on the surge in defaults. The data in the report tells a multitude of tales conflicting with the “official story” sold to the public. The austerity storyline, economic recovery storyline, housing recovery storyline, and strong auto market storyline are all revealed to be fraudulent by the data in the report. Total household debt grew by $117 billion in the fourth quarter and $306 billion for the all of 2014. Non-housing debt in the 4th quarter of 2008, just as the last subprime debt created financial implosion began, was $2.71 trillion. After six years of supposed consumer austerity, total non-housing debt stands at a record $3.15 trillion. This is after hundreds of billions of the $2.71 trillion were written off and foisted upon the backs of taxpayers, by the Wall Street banks and their puppets at the Federal Reserve.

The corporate media talking heads cheer every increase in consumer debt as proof of economic recovery. In reality every increase…
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Meet Linebarger – The Government’s Biggest Private Debt Collector

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Collecting debt is a dirty business which is why The Federal Government turns it over to the private sector. Meet one of the biggest players in the industry, law firm Linebarger Goggan Blair & Sampson. It has worked for small-town school districts, the city of New York and at one point, the largest tax collector in the country: the Internal Revenue Service. As CNN reports, based in Texas, Linebarger works for 2,300 clients nationwide and collects $1 billion for its clients each year. But the collection system is far from perfect, leading to some nightmare scenarios. Despite decades of scandals over the way the firm gets business (and even jail time for one of its top executives) Linebarger still lands lucrative government contracts

As CNN Money reports, Government agencies across the country are hiring private debt collectors to go after millions of Americans over unpaid taxes, ancient parking tickets and even $1 tolls…

It’s a good deal for cash-strapped states, cities and other local governments. By outsourcing this dirty work and letting private companies charge debtors sky-high fees, government agencies can get these collection services free of charge.

And it's a great deal for debt collectors. In an industry already known for bad behavior, debt collectors that work for government agencies usually don’t have to work within the confines of consumer protection laws – opening the door for higher fees and even more aggressive tactics.

Their government bosses can give them the power to threaten debtors with the suspension of their driver’s license, garnishment of their wages, foreclosure and arrest to get them to pay up.

State lawmakers have even passed laws allowing private collectors to charge debtors steep fees. In Florida, for example, fees can be as high as 40% on top of the total bill, which includes not only what they already owe, but interest and government penalties as well. In Texas, they can reach 30%. And in cases of unpaid toll violations, flat fees can effectively amount to more than 100%. As a result, small unpaid tolls can easily balloon into hundreds of dollars, once government penalties and collection fees are tacked on.

"They keep figuring out ways to stack these fees up,” said Tai Vokins, a Kansas-based attorney and former assistant attorney general. “They’re preying on the absolute poorest people."


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In Memory of Spock: Live Long and Prosper; Is He or Isn’t He? Fish Tomatoes, Hand Transplants, Sci-Fi vs. Reality

Courtesy of Mish.

One of my favorite characters in TV history was Star Trek’s “Spock”. Yesterday, Leonard Nimoy, Spock of ‘Star Trek,’ Died at 83.

Leonard Nimoy, the sonorous, gaunt-faced actor who won a worshipful global following as Mr. Spock, the resolutely logical human-alien first officer of the Starship Enterprise in the television and movie juggernaut “Star Trek,” died on Friday morning at his home in the Bel Air section of Los Angeles. He was 83.

His wife, Susan Bay Nimoy, confirmed his death, saying the cause was end-stage chronic obstructive pulmonary disease.

Mr. Nimoy announced last year that he had the disease, attributing it to years of smoking, a habit he had given up three decades earlier. He had been hospitalized earlier in the week.

His artistic pursuits — poetry, photography and music in addition to acting — ranged far beyond the United Federation of Planets, but it was as Mr. Spock that Mr. Nimoy became a folk hero, bringing to life one of the most indelible characters of the last half century: a cerebral, unflappable, pointy-eared Vulcan with a signature salute and blessing: “Live long and prosper” (from the Vulcan “Dif-tor heh smusma”).

There’s much more in the article. Inquiring minds may wish to take a look.

Is He or Isn’t He?

Nimoy is author of two contradictory autobiographies:

Vulcan Greeting

Nimoy Explains Origin of Vulcan Greeting




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1987 Or 2015? The Gap Between Growth Expectations & Valuations Is “Ridiculous”

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

While the divergence between macro data ‘dismalness’ and equity price exuberance is by now well known, there is a greater threat looming to the rampapalooza that is underway. As forward Price-to-Earnings ratios have soared in the last year (aided and abetted – as Alan Greenspan explained – solely by The Fed’s largesse) so bottom-up earnings growth expectations have cratered. So much so that veteran stock market investors and traders now see the divergence between multiple ‘hope’ and growth ‘reality’ as “ridiculous.” Just how ridiculous? Worse than 1987, 2002, and 2011, when stocks fell over 20% upon realization of reality.

“Ridiculous”

  • 1987 – down over 30%
  • 2002 – down over 30%
  • 2011 – down over 20%

Just how ridiculous?

2015 – who knows?

h/t @Not_Jim_Cramer





STiNKiN BuLLeTS…

Courtesy of ZeroHedge. View original post here.

Submitted by williambanzai7.

.

BLOOMBERG NEWS (April 2014)— On April 14, Newsmax.com reported that the USPS was seeking to buy a large amount of ammunition on the heels of similar purchases by the Social Security Administration, the U.S. Department of Agriculture, and the National Oceanic and Atmospheric Administration.

This alarmed some people whom Newsmax described as “second amendment advocates.”

One was Philip Van Cleave, president of the Virginia Citizens Defense League. “The problem is, all these agencies have their own SWAT teams, their own police departments, which is crazy,” he told the website. “Do we really need this? That was something our Founding Fathers did not like and we should all be concerned about.”





“Massive Mis-Governance” – Q4 Obliterates The Case For QE And ZIRP

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Submitted by David Stockman via Contra Corner blog,

The most important number in today’s Q4 GDP update was 2.3%. That’s the year/year change in real final sales from Q4 2013. As an analytical matter it means that the Great Slog continues with no sign of acceleration whatsoever.

Indeed, the statistical truth of the matter is that this year’s result amounted to a slight deceleration—–since the Y/Y gain in real final sales for Q4 2013 was 2.6%.  But beyond the decimal point variation the larger point is this: Take out the somewhat jerky quarterly impacts of inventory stocking and destocking, and view things on a year/year basis to eliminate seasonal maladjustments and data collection and timing quirks, such as the double digit gain in defense spending during Q3 and the negative rate for Q4, and what you get is a straight line slog since the recession ended in 2009.

Thus, the year/year gain in real final sales for Q4 2012 was 2.1%; and was 1.5% and 2.0% for the years ended in Q4 2011 and 2010, respectively. Its a 2% world. Period.

The questions thus recurs as to what in the world the Fed’s massive money printing spree had to do with this tepid performance.  The answer is nothing at all, and that “tepid” and “slog” are exactly the right words to characterize these numbers. After all, the plunge in GDP during 2008 and the first half of 2009 was the deepest since WW II. By all prior norms, therefore, the bounce back should have been exceptionally strong.

For instance, real final sales dropped by 3% during the Great Recession—–far more than the 1.1% decline during the deepest prior post-war downturn of 1981-1982.  However, during the next five years of rebound, real final sales grew by 26% or nearly 4.7% per year.  That’s more than triple the 8% cumulative rebound from a far deeper hole in June 2009.

So the case for the Fed’s massive money printing campaign has now been flat-out obliterated. As I documented in the Great Deformation, the short but deep recession of 2008-2009 represented a sharp liquidation of excess inventories and labor that had built up in the main street economy during the Greenspan-Bernanke housing and subprime credit bubble. But that one-time liquidation was over by June 2009; the economy was not sinking into a black hole.

Moreover, by the time…
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Caught On Tape: The Moment Boris Nemtsov Was Assassinated

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

As the world contemplates the various ‘provocation’ scenarios – a Russian act, a CIA act meant to look like a Russian act, or a Russian act meant to look like a CIA act?the following clip suggests this was anything but an ad hoc shooting…

The narrator suggests, as Nemtsov and his companion are walking along the road, a garbage truck (or cleaning vehicle) is behind them. When the garbage truck comes alongside the couple, it slows down, then moves ahead, then stops… and another man leaves the vehicle and jumps in a following car, which speeds away with tires smoking…

*  *  *

As Ukraineatwar blog concludes,

The video seems to be real, because the location EXACTLY fits the know murder spot. It does not seem likely that such a video could have been prepared in advance.

The murder EXACTLY takes place when the cleaning vehicle passes by. It is absolutely unclear where the assassin come from. Nobody can be seen walking towards or behind Nemtsov and his companion. Neither can somebody be seen walking to that specific spot to wait for them.

Therefore it seems very likely that the cleaning vehicle has something to do with it and the assassin could have traveled with the vehicle.

Since Nemtsov was shot from behind and the cleaning vehicle already caught up with them when the murder took place, it does not seem likely that the assassin traveled on the passenger seat next to the driver. He had to open and close the door and that may have drawn their attention. It seems likely that he had traveled on the back of the car. He could easily jump on and off and could also estimate if there were other people to close to them to do the operation at all at that moment.

Using a cleaning vehicle gives a lot of advantage: you can drive slowly, draw no attention, wait if necessary and thus pick exactly the right moment (with no other people nearby).

It does seem like the assassin had been following the couple already when he jumped on the vehicle. They may have crossed the road where the cleaning car was waiting. After seeing them pass by, it started entering the bridge. When they passed the assassin, he jumped on. In


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Gorbachev: Murder of Opposition Leader Was a False Flag

Courtesy of ZeroHedge. View original post here.

Submitted by George Washington.

Sniper attacks are commonly used as a form of false flag terror.

Former Soviet leader Mikhail Gorbachev says the the killing is aimed at “destabilizing the situation in the country, at heightening confrontation” with the West.

Gorbachev says:

The assassination of Boris Nemtsov is an attempt to complicate the situation in the country, even to destabilize it by ratcheting up tensions between the government and the opposition.

The Saker notes that Putin warned years ago that a false flag of this nature might occur.

Michael Rivero notes:

Another reason to doubt the “Blame Putin” chorus we are already seeing in the corporate media is the manner in which the shooting took place, in public, in front of the girlfriend, to generate the maximum publicity. If Putin had really wanted to kill this guy, it would have been a “suicide” in private or a small plane crash, the way the US Government handles assassinations.

The Kiev Snipers: Everyone Agrees That They Fired On BOTH SIDES

Sniper Attacks As False Flag Terror

Random shootings are a type of false flag terror

For example, in 1985 – as part of the “Gladio” (11-21) false flag operations –  snipers attacked and shot shoppers in supermarkets randomly in Brabant county, Belgium killing twenty-eight and leaving many wounded.

Both Sides?

Additionally, shooting both sides is a tip off that it may be a false flag.

Specifically, when authoritarian regimes want to break up protests, they might shoot protesters.

Likewise, when violent protesters shoot government employees, they might be trying to overthrow the government.

But when secretive snipers kill both protesters and the police, it is an indication of a “false flag” attacks meant to sow chaos, anger, disgust and a lack of legitimacy.

This has happened many times over the years. For example:

  • Unknown snipers reportedly killed both Venezuelan government and opposition protesters in the attempted 2002 coup


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Zero Hedge

Explosion Hits Russia's Largest Virus Lab Which Houses Plague, Smallpox, Ebola And Other Deadly Viruses

Courtesy of ZeroHedge View original post here.

A sudden explosion at a Siberian virus research center on Monday reportedly left the facility engulfed in flames, according to several Russian news outlets. 

Firefighters and other emergency personnel were dispatched to the "Vector Institute" located several miles from Novosibirsk - an emergency which was upgraded "from an ordinary emergency to a major incident," a...



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Phil's Favorites

The future of work will still include plenty of jobs

 

The future of work will still include plenty of jobs

Even though the future is unknown, Canada’s employment rate has risen steadily from 53 per cent in 1946 to more than 61 per cent today. (Shutterstock)

Courtesy of Wayne Simpson, University of Manitoba

There is now widespread anxiety over the future of work, often accompanied by calls for a basic income to protect those displaced by automation and other technological changes.

As a labour economis...



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Lee's Free Thinking

Is The Drone Strike a Black Swan?

Courtesy of Lee Adler

Pundits are calling yesterday’s drone strke a “black swan.” Can a drone strike on a Saudi oil facility, be a “black swan.”

According to Investopedia:

A black swan is an unpredictable event that is beyond what is normally expected of a situation and has potentially severe consequences. Black swan events are characterized by their extreme rarity, their severe impact, and the practice of explaining widespread failure to predict them as simple folly in hindsight.

I seriously doubt that no one expected or could have predicted a drone strike on a Saudi oil facility.

Call Me A B...

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Insider Scoop

New Relic Cuts 2020 Sales Guidance, Announces Changes In Management

Courtesy of Benzinga

New Relic (NYSE: NEWR) has reaffirmed its second-quarter guidance and cut its sales guidance for fiscal year 2020 from $600 million-$607 million to $586 million-$593 million.

The company’s chief technology officer, Jim Gochee, and chief revenue officer, Erica Schultz, have resigned. New Relic also named board member Michael Christenson as its chief operating officer. Christenson joins from his ...



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The Technical Traders

Metals are following downside sell off prediction before the next rally

Courtesy of Technical Traders

It is absolutely amazing how the precious metals markets have followed our October 2018 predictions almost like clockwork.  Our call for an April 21~24 momentum base below $1300 followed by an extensive rally to levels above $1550 has been playing out almost like we scripted these future price moves.

Now that the $1550 level has been reached, we are expecting a rotation to levels that may reach just below the $1490~1500 level before attempting to set up another momentum base/bottom formation.  And just like clockwork, Gold has followed our predictions and price is falling as we expected. Just look at our October 2018 chart where we forecasted the price of gold...



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Chart School

Crude Oil Cycle Bottom aligns with Saudi Oil Attack

Courtesy of Read the Ticker

Do the cycles know? Funny how cycle lows attract the need for higher prices, no matter what the news is!

These are the questions before markets on on Monday 16th Aug 2019:

1) A much higher oil price in quick time can not be tolerated by the consumer, as it gives birth to much higher inflation and a tax on the average Joe disposable income. This is recessionary pressure.

2) With (1) above the real issue will be the higher interest rate and US dollar effect on the SP500 near all time highs.

3) A moderately higher oil price is likely to be absorbed and be bullish as it creates income for struggling energy companies and the inflation shock may be muted. 

We shall see. 

...

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Kimble Charting Solutions

Bond Yields Due For Rally After Declining More Than 1987 Stock Crash

Courtesy of Chris Kimble

U.S. Treasury Bond Yields – 2, 5, 10, 30 Year Durations

The past year has seen treasury bond yields decline sharply, yet in an orderly fashion.

This has spurred recession concerns for much of 2019. Needless to say, it’s a confusing time for investors.

In today’s chart of the day, we look at a longer-term view of the 2, 5, 10, and 30-year treasury bond yields.

Short to long term bond yields are all testing 7 to 10-year support levels as momentum is at the lowest levels in a decade.

A yield rally is likely due across the board after a recent decline that was bigger than the stock crash in 1987!

If yields fail to ral...



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Digital Currencies

China Crypto Miners Wiped Out By Flood; Bitcoin Hash Rate Hits ATHs

Courtesy of ZeroHedge View original post here.

Last week, a devastating rainstorm in China's Sichuan province triggered mudslides, forcing local hydropower plants and cryptocurrency miners to halt operations, reported CoinDesk.

Torrential rains flooded some parts of Sichuan's mountainous Aba prefecture last Monday, with mudslides seen across 17 counties in the area, according to local government posts on Weibo. 

One of the worst-hit areas was Wenchuan county, ...



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Biotech

The Big Pharma Takeover of Medical Cannabis

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

 

The Big Pharma Takeover of Medical Cannabis

Courtesy of  , Visual Capitalist

The Big Pharma Takeover of Medical Cannabis

As evidence of cannabis’ many benefits mounts, so does the interest from the global pharmaceutical industry, known as Big Pharma. The entrance of such behemoths will radically transform the cannabis industry—once heavily stigmatized, it is now a potentially game-changing source of growth for countless co...



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Mapping The Market

How IPOs Are Priced

Via Jean Luc 

Funny but probably true:

...

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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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Promotions

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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.

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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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