Archive for 2015

IMF Fears $3 Trillion Credit Crunch; Lagarde Says “IMF Credibility at Stake”, Calls for US to Give China More Voting Power

Courtesy of Mish.

IMF head Christine Lagarde says “IMF credibility is at stake”. She blames the US for that development, and calls on US to give more voting power to China to solve the problem.

Link if video does not play: “IMF Credibility at Stake

Credibility?

I have a simple question: Precisely what credibility does the IMF have?

To address my simple question, please consider the ZeroHedge report This Is How The IMF “Predicted” China’s Slowdown

As the following chart compiling the IMF’s various quarterly economic forecasts over the past 5 years clearly shows, what the IMF had actually forecast, was a constant hockeystick rebound in China growth starting in 2011… until 2014 when the monetary fund finally gave up.

Credibility Recovery

In a “credibility boosting” exercise Zerohedge comments …

“The IMF’s forecast of China’s growth after the fact is now so negative, it is well below the consensus projections, as the IMF is all too happy to boast …”

Ta-Da!



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Obama Defends The Failure Of His Syria Policy Before A Belligerent 60 Minutes

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Yesterday, in a comprehensive takedown of Obama’s handling of the second Syrian proxy war in three years (which is not over yet), we summarized events as follows: “The Tragic Ending To Obama’s Bay Of Pigs: CIA Hands Over Syria To Russia.”

The facts, which are largely undisputed, confirm this: having achieved no progress “against ISIS”, the stated goal of US intervention in Syria, and no progress in kicking Assad out of office and starting the Qatar has pipeline to Europe, the real goal of US intervention in Syria, the top democrat on the House Intelligence Committee, Adam Schiff, said that Obama “is debating the merits of taking further action or whether they are better off letting Putin hang himself.”

By “hanging himself”, the democrat meant handing Syria over to the Kremlin on a silver platter aafter just a few short weeks of Russian military intervention in Syria which has crushed US supply routes to ISIS and other CIA-sponsored rebel groups, and once again -  just like in 2013 – put a premature end to US attempts to overthrow yet another head of state.

Fast forward to today when in what may have been the most awkward 60 Minutes interview for Obama before the US nation, Steve Kroft asked Obama about Trump, about Hillary, but it was Obama’s take on the US loss in (and of) Syria and the Russian gains there, and everywhere else, that demonstrated two things.

The first is just how marginalized the US has suddenly become in the global arena, with an impotent and insolvent Europe behind its back for moral if no other support, opposing a suddenly ascendant Russian axis in the middle-east, one which has China’s backing, especially in the aftermath of the quite demonstrative US implementation of the TPP which is meant first and foremost to offset China’s rising trade influence in the region.

The second is the extent of Obama’s delusion, or perhaps it was merely his spin relying on the naivete of the US public when it comes to foreign affairs, about the abovementioned snubbing of a superpower that until recently nobody dared to challenge unilaterally in the global arena.

The full exchange is presented below. We still can’t decide if Kroft’s at times near-aggressive belligerence toward the president was actually genuine,…
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America Has REPEATEDLY Committed War Crimes By Bombing Civilians

Courtesy of ZeroHedge. View original post here.

Submitted by George Washington.

The U.S. criticized Russia for killing civilians in Syria.

But just last week, the U.S. intentionally bombed one of the only hospitals in Northeastern Afghanistan (run by Nobel prize-winner Doctors Without Borders), killing hundreds.  This occurred 3 months after U.S.-backed Afghani special forces raided and threatened the hospital, and after the hospital had repeatedly given its gps coordinates to the U.S. military … and repeatedly called saying they were under attack.

And the Washington Post notes that incendiary bombs may have been used:

The AC-130U plane, circling above in the dark, raked the medical compound with bursts of cannon fire, potentially even using high explosive incendiary munitions, for more than an hour. The assault left at least 22 people dead, some of them burned to death.

It’s a war crime to bomb a hospital without giving adequate warning so patients can leave:

Delete

This is not the first time the U.S. has bombed civilian targets:

  • On February 13, 1991, the U.S. purposefully targeted an air raid shelter near the Baghdad airport with two 2,000-pound laser-guided bombs, which punched through 10 feet of concrete and killed at least 408 Iraqi civilians.
  • On April 23, 1999, NATO intentionally bombed a Serbian television station, killing 16.   President Clinton said of the bombing: “Our military leaders at NATO believe … that the Serb television is an essential instrument of Mr. Milosevic’s command and control. … It is not, in a conventional sense, therefore, a media outlet. That was a decision they made, and I did not reverse it.” U.S. envoy Richard Holbrooke said right after the attack that it was “an enormously important and, I think, positive development.” Amnesty International noted it was “a deliberate attack on a civilian object and as such constitutes a war crime.”


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The Menace Of Egalitarianism

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Submitted by Llewellyn H. Rockwell Jr, via The Mises Institute,

This talk was delivered at the Dallas-Ft. Worth Mises Circle, “Against PC,” on October 3, 2015.

A sharp Martian visiting Earth would make two observations about the United States — one true, the other only superficially so.

On the basis of its ceaseless exercises in self-congratulation, the US appears to him to be a place where free thought is encouraged, and in which man makes war against all the fetters on his mind that reactionary forces had once placed there. That is the superficial truth.

The real truth, which our Martian would discover after watching how Americans actually behave, is that the range of opinions that citizens may entertain is rather more narrow than it at first appears. There are, he will soon discover, certain ideas and positions all Americans are supposed to believe in and salute. Near the top of the list is equality, an idea for which we are never given a precise definition, but to which everyone is expected to genuflect.

A libertarian is perfectly at peace with the universal phenomenon of human difference. He does not wish it away, he does not shake his fist at it, he does not pretend not to notice it. It affords him another opportunity to marvel at a miracle of the market: its ability to incorporate just about anyone into the division of labor.

Indeed the division of labor is based on human difference. Each of us finds that niche that suits our natural talents best, and by specializing in that particular thing we can most effectively serve our fellow man. Our fellow man, likewise, specializes in what he is best suited for, and we in turn benefit from the fruits of his specialized knowledge and skill.

And according to Ricardo’s law of comparative advantage, which Mises generalized into his law of association, even if one person is better than another at absolutely everything, the less able person can still flourish in a free market. For instance, even if the greatest, most successful entrepreneur you can think of is a better office cleaner than anyone else in town, and is likewise a better secretary than all the other secretaries in town, it would make no sense for him to clean his…
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Obama Defends The Failure Of His Syria Policy Before A Beligerent 60 Minutes

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Yesterday, in a comprehensive takedown of Obama’s handling of the second Syrian proxy war in three years (which is not over yet), we summarized events as follows: “The Tragic Ending To Obama’s Bay Of Pigs: CIA Hands Over Syria To Russia.”

The facts, which are largely undisputed, confirm this: having achieved no progress “against ISIS”, the stated goal of US intervention in Syria, and no progress in kicking Assad out of office and starting the Qatar has pipeline to Europe, the real goal of US intervention in Syria, the top democrat on the House Intelligence Committee, Adam Schiff, said that Obama “is debating the merits of taking further action or whether they are better off letting Putin hang himself.”

By “hanging himself”, the democrat meant handing Syria over to the Kremlin on a silver platter aafter just a few short weeks of Russian military intervention in Syria which has crushed US supply routes to ISIS and other CIA-sponsored rebel groups, and once again -  just like in 2013 – put a premature end to US attempts to overthrow yet another head of state.

Fast forward to today when in what may have been the most awkward 60 Minutes interview for Obama before the US nation, Steve Kroft asked Obama about Trump, about Hillary, but it was Obama’s take on the US loss in (and of) Syria and the Russian gains there, and everywhere else, that demonstrated two things.

The first is just how marginalized the US has suddenly become in the global arena, with an impotent and insolvent Europe behind its back for moral if no other support, opposing a suddenly ascendant Russian axis in the middle-east, one which has China’s backing, especially in the aftermath of the quite demonstrative US implementation of the TPP which is meant first and foremost to offset China’s rising trade influence in the region.

The second is the extent of Obama’s delusion, or perhaps it was merely his spin relying on the naivete of the US public when it comes to foreign affairs, about the abovementioned snubbing of a superpower that until recently nobody dared to challenge unilaterally in the global arena.

The full exchange is presented below. We still can’t decide if Kroft’s at times near-aggressive belligerence toward the president was actually genuine,…
continue reading





Ruble, Lira, & Ringgit Tumble On USD, Yuan Gains As PBOC States “China Correction Nearly Over”

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

After surging stronger for 2 weeks, EM FX is starting to lose ground in early Asia trading following Fischer's comments Friday. The biggest losers so far are Turkish Lira, Russian Ruble, and Malaysian Ringgit which has dropped over 1% in early Asia trading – its biggest drop in a month. China expanded its regulatory crackdown to 11 more firms for "illegal stock operations" – i.e. selling – bringing the total to 41 firms. The PBOC Deputy Governor tells anyone who will listen that "China's market correction is nearly over," following the IMF annual meetings – "China's economy is basically stable" – and Chinese stocks are modestly higher in the pre-open (with Dow futures -40pts). Yuan at 2mo highs after strengthening 7 days in a row.

After a couple of weeks of serious strength, EM FX is leaking back lower against the USD…

With Lira, Ruble, and Ringgit the biggest losers for now…

  • *RINGGIT FALLS 1.1% TO 4.1795 PER DOLLAR
  • The dollar reasserted itself, snapping an eight-day rally in Australia’s currency after Federal Reserve Vice Chairman Stanley Fischer joined the chorus touting a potential U.S. interest-rate hike by year end. Australian stocks fell with U.S. index futures following the best week for global equities since 2011.

*  *  *

Exceited by comments on China "managing:" to avoid a hard landing dureing discussions at The IMF's annual meeting

The Chinese regulatory crackdown begins again…

CHINA CSRC HOLDS HEARING FOR ILLEGAL STOCK OPERATIONS: XINHUA

China Securities Regulatory Commission (CSRC) has held a two-day hearing for 11 illegal cases of reducing share holding.

It was the first time that the CSRC dealt with cases involving such amount of illegal share-holding reductions in one hearing.

The regulator asked big shareholders of public companies not to sell shares in an effort to keep the market stable in the past months.

Altogether 41 such cases had been investigated, and the 11 cases at the hearing on Friday and Saturday were suspected of similar operations, the commission said.

All the persons concerned admitted the facts at the hearing, but requested less punishment, claiming their operations tended to lower financial cost and made no impacts to the stock market, while they had carried out timely remedial measures.

Margin debt rises again…

  • *SHANGHAI MARGIN DEBT BALANCE REBOUNDS FOR


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“Maybe It’s Not The Guns… Maybe It’s The People Holding The Guns”

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Submitted by Mac Slavo via SHTFPlan.com,

If the only gun violence statistics you see are disseminated by the mainstream media or left-wing anti-Second Amendment groups, then in all likelihood you are horrified by America’s murder culture.

But what if what we’re being sold as truth is merely a means to achieve an agenda focused on seeing the American people totally disarmed?

In the following must-see video report from Truth Revolt, host Bill Whittle shows  the reality of America’s per capita murder rates.

Though we understand that a cranial rectal inversion may be their immediate response for fear of admitting the truth, we strongly encourage you to share this with those who may not have the full picture:

“Maybe It’s Not the Guns… Maybe It’s the People Holding the Guns”

In a recent article Dr. Ignatius Piazza from the Front Sight Firearms Training Institute examines the reasons behind the push against personal firearm ownership in America and why anti-gun proponents like President Barack Obama refuse to address other deadly issues that cause far more deaths than guns:

Guns are not responsible for the 10 deaths at Umpqua College yesterday any more than cars are responsible for the 395 deaths over Labor Day weekend. That’s right, 395 men, women and children were killed over Labor Day in car accidents.

Why didn’t Obama hold a press conference the day after Labor Day, expressing, his grief and anger over the senseless killing of nearly 400 people on our highways during Labor Day Weekend?

Why didn’t Obama ask the American people to do something by pressuring their elected representatives to change our laws?

Why didn’t Obama take a swipe at the car manufacturers and car dealers for building and selling cars to the American people knowing full well that EVERY YEAR, over 32,000 people are killed in car accidents? Yes, 32,000 EVERY YEAR.

Why didn’t Obama plead with the American people to make a change and pressure Congress to pass laws that forbid the sale and consumption of alcohol, recreational drugs, and pharmaceutical drugs, all of which dramatically contribute to 87 highway deaths PER DAY?

Why didn’t Obama sign an Executive Order forever banning Labor Day. After all it would save nearly 400 people EVERY YEAR.

WHY? Because banning the


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Fed Quietly Revises Total US Debt From 330% To 350% Of GDP, After “Discovering” Another $2.7 Trillion In Debt

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Everyone has seen the chart of “Total Credit Market Instruments“, which as of its most recent update on March 31, 2015, was just over $59 trillion, or 330% of US GDP.

For those who have not seen it, as well as for those who are familiar with this chart, take a long look, because this is the last update of this particular data series, pulled straight from the Fed’s Z.1 Flow of Funds (section L.1), you will ever see.

So did the Fed spontaneously terminate the reporting of what until the second quarter’s update of the Flow of Funds, was the most comprehensive official summary of Household, Financial, Corporate and Government debt in existence? And if so why?

Many Fed watchers assumed that this is precisely what happened, and indeed, searching high and low for the infamous L.1 Section revealed nothing.

We can only assume that the vocal outcry that emerged in the aftermath of the Fed’s release of its Q2 Flow of Funds statement missing this most critical of data sets on September 18, was so loud that three weeks later, this past Friday on October 9, the Fed released an official follow up explanation what exactly happened.

Here is what happened to the missing so very critical data series, straight from the horse’s mouth:

Q: In the September 18, 2015 release of the Z.1 Financial Accounts of the United States, some tables in the summary section on credit market instruments seem to have disappeared. What happened to these tables and where can I find the equivalent data series?

With the September 18, 2015 Z.1 release, the classic presentation of the instrument category “credit market instruments” has been discontinued and replaced with two new instrument categories, “debt securities” and “loans”.  Reporting debt securities and loans separately brings the Financial Accounts more in line with the international standards for national accounts. The debt securities instrument includes open market paper, Treasury securities, agency- and GSE-backed securities, municipal securities, and corporate and foreign bonds. The new loans instrument includes depository loans not elsewhere classified, other loans and advances, mortgages, and consumer credit. Together, debt securities plus loans include all of the financial assets or liabilities previously included in credit market instruments. While the underlying instrument categories that make up the sum


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Japanese Firms Admit Abenomics Failed, Government Now “Left Trying To Redistribute Wealth”

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Do not believe in official statistics, Japanese retailers seem to be saying, as they cut earnings forecasts and warn of lackluster consumer spending, a key growth engine for Japan at a time when exports and factory output are stalling. Despite government statistics claining a 2.9% rise in household spending, Reuters reports Japanese retailers exclaimed "Consumer spending has ground to a halt," as Japan heads for a quintuple dip recession. Amid falling wages and higher costs, on apparel maker warned "shoppers are tightening their purse strings."

Abenomics is not working…

"Consumer spending has ground to a halt," said Noritoshi Murata, president of Seven & i Holdings (3382.T). "There are a lot of concerns about the global economy and not many positives for consumption. Weak spending could continue into the second half of the fiscal year."

 

Seven & i, which operates Japan's ubiquitous 7-Eleven convenience stores, on Oct. 8 trimmed its full-year profit forecast by 1.6 percent to 367 billion yen ($3.05 billion) and cut its revenue forecast by 3.9 percent to 6.15 trillion yen, triggering a fall in its shares in Tokyo.

As Reuters reports, shortly after Abe took office late in 2012, the wealthy cashed in on a stock rally and went shopping. Unions got the pay increases they asked for, and companies started raising retail prices.

Since then, the monetary and fiscal measures taken by Abe to rekindle Japan's economy have delivered uneven results.

A sales tax hike last year to 8 percent from 5 percent helped tip the economy into a brief recession.

Now, the world's third-largest economy is at risk of falling into its fourth recession in the past five years as exports, factory output and consumer spending stumble.

Abe had a bold agenda of ending deflation and knocking down the barriers to growth, but many economists say the requisite policies never really materialized.

Some economists worry consumer spending is now stuck in a prolonged period of very low growth.

The main problem is wages are not rising fast enough to keep pace with rising food prices, and consumers are starting to cut back on other goods…

Real wages, adjusted for inflation, rose 0.5 percent in July from a year earlier. That was the first gain in 27 months. But wage growth subsequently slowed to 0.2 percent in


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The Mindless Stupidity Of Negative Interest Rates

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Submitted by Lee Adler via The Wall Street Examiner,

Here we are in the midst of The Great Stagnation Middle Class Elimination and some central bankers and mainstream economists are promoting negative interest rates. One economist was quoted in a Marketwatch piece by Greg Robb as saying,

“…pushing rates into negative territory works in many ways just like a regular decline in interest rates that we’re all used to.”

OK. That’s false. We know exactly what negative interest rates do since Europe has made a fine case study of it. They don’t work just like a “regular decline in interest rates.” I mean not that a “regular decline in interest rates,” does what economists think it does, but that’s another story. The issue here is how negative interest rates work.

Negative interest rate proponents ignore the basic tenets of double entry accounting.

Because there are two sides to a bank balance sheet, negative interest rates are the mirror image of positive rates. The move to negative rates imposes new costs on the banks, unlike low positive rates or ZIRP which reduce bank costs.

The greater the negative interest rate, the higher the cost imposed, which is the same as a central bank raising interest rates when they are positive. When the Fed lowers a positive interest rate, it lowers the bank’s cost. But when there are trillions in excess reserves held by the banks as deposits at the Fed and the Fed lowers the interest rate to below zero, that becomes a cost to the banking system which it cannot avoid, except by using those cash assets to pay down debt.

So the banks in Europe did exactly what I said they would do in mid 2014 when the ECB announced negative deposit rates. It’s exactly what any person with common sense would do, and therefore knew the banks would do. Those with the ability to do so pay off loans, which extinguishes deposits, thereby getting rid of the added cost. As opposed to stimulating growth, the European banking system shrinks. As opposed to encouraging borrowing and spending and economic growth, the policy encouraged deleveraging.

We know that it is categorically false the negative rates are working in Europe. But facts have a way of eluding mainstream economists and central bankers.

I wrote about this and also did a video on it
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ValueWalk

#1 Performing Global Macro Hedge Fund Sees More Shorts Opportunities Ahead As China Bursts

By Jacob Wolinsky. Originally published at ValueWalk.

Crescat Global Macro Fund update to investors on 1/19/2019

Crescat Global Macro Fund and Crescat Long/Short fund delivered strong returns for both December and full year 2018 in a difficult market. Based on ...



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Zero Hedge

Johns Hopkins, Bristol-Myers Face $1 Billion Suit For Infecting Guatemalan Hookers With Syphilis 

Courtesy of ZeroHedge. View original post here.

A federal judge in Maryland said Johns Hopkins University, pharmaceutical company Bristol-Myers Squibb and the Rockefeller Foundation must face a $1 billion lawsuit over their roles in a top-secret program in the 1940s ran by the US government that injected hundreds of Guatemalans with syphilis, reported Reuters.

Several doctors from Hopkins an...



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Phil's Favorites

Divisive economics

 

Guest author David Brin — scientist, technology consultant, best-selling author and futurist — explores the records of Democrats and Republicans on the US economy in the following post. For David's latest posts, visit the CONTRARY BRIN blog. For his books and short stories, visit his web...



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Kimble Charting Solutions

Stock declines did not break 9-year support, says Joe Friday

Courtesy of Chris Kimble.

We often hear “Stocks take an escalator up and an elevator down!” No doubt stocks did experience a swift decline from the September highs to the Christmas eve lows. Looks like the “elevator” part of the phrase came true as 2018 was coming to an end.

The first part of the “stocks take an escalator up” seems to still be in play as well despite the swift decline of late.

Joe Friday Just The Facts Ma’am- All of these indices hit long-term rising support on Christmas Eve at each (1), where support held and rallies have followed.

If you find long-term perspectives helpf...



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Digital Currencies

Transparency and privacy: Empowering people through blockchain

 

Transparency and privacy: Empowering people through blockchain

Blockchain technologies can empower people by allowing them more control over their user data. Shutterstock

Courtesy of Ajay Kumar Shrestha, University of Saskatchewan

Blockchain has already proven its huge influence on the financial world with its first application in the form of cryptocurrencies such as Bitcoin. It might not be long before its impact is felt everywhere.

Blockchain is a secure chain of digital records that exist on multiple computers simultaneously so no record can be erased or falsified. The...



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Insider Scoop

Cars.com Explores Strategic Alternatives, Analyst Sees Possible Sale Price Around $30 Per Share

Courtesy of Benzinga.

Related 44 Biggest Movers From Yesterday 38 Stocks Moving In Wednesday's Mid-Day Session ...

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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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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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