Archive for 2016

Why Hillary Clinton’s Email Case Is Still Not Closed

Courtesy of ZeroHedge. View original post here.

Authored by Eric Zuesse, originally posted at Strategic-Culture.org,

Normally, when the head of the FBI under one President says something like «no reasonable prosecutor would bring such a case», as the FBI reported regarding Hillary Clinton’s emails, that would be the end of the matter; but Clinton actually still isn’t off the prosecutorial hook of this criminal case, unless and until she becomes President herself.

The decision as to whether or not to prosecute her on this matter is not made by the FBI Director, but by the Attorney General. The current one, Loretta Lynch, was appointed by (and holds her job at the discretion of) the man who has endorsed Ms Clinton to become his own successor: the current US President, Barack Obama. If Clinton doesn’t become the next President, the next Attorney General won’t be appointed by Clinton, and that person will then be making any decision as to whether or not to present the Clinton emails case to a grand jury; and, if an indictment results, then to present it to a trial jury.

Even the Obama appointee to be the FBI’s chief, Mr Comey, introduced his statement there, by acknowledging that «there is evidence of potential violations of the statutes regarding the handling of classified information». As regards his opinion that «no reasonable prosecutor would bring such a case», reasonable prosecutors already have brought such cases, and they have won convictions on these cases. So, just based on that record, Mr Comey clearly lied there.

The independent journalist who goes by the pseudonym ‘Tyler Durden’ headlined, only a day after Mr Comey on July 5th exonerated Ms Clinton, «Meet Bryan Nishimura, Found Guilty For ‘Removal And Retention Of Classified Materials’», and that conviction was won on the same statute for which Comey as Clinton’s would-be policeman, jury, and judge, has peremptorily exonerated her (exonerated his own next boss if she becomes President). «Durden», at his famous Zero Hedge site, noted: «Here is the FBI itself, less than a year ago, charging one Bryan H. Nishimura, 50, of Folsom [California], who pleaded guilty to ‘unauthorized removal and retention of classified materials’ without malicious intent, in other words precisely what the FBI alleges Hillary did (h/t@DavidSirota)». He linked to this case. If that’s not the spitting-image of what Clinton was investigated by the FBI for, then nothing is – but Nishimura did far less of that crime than Clinton did


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A Message To Pokemaniacs: “Think About Your Life Choices”

Courtesy of ZeroHedge. View original post here.

Now that a Google april fools’ joke appears to have spawned the zombie apocalypse, one local landlord has finally had enough.

h/t @StigAbell

Then again, where else will the non-Pokemummified part of the population apply all those anti-zombie skills acquired while watching the Walking Dead…





Breaking News And Best Of The Web

Courtesy of John Rubino.

Helicopter money is coming. Attempted coup fails in Turkey. Stocks recover on promise of massive new stimulus from Japan and UK and suspiciously good growth numbers from US and China. Gold corrects and interest rates rise. Banks report pretty good earnings, trucking firms and oil companies not so much. Another big terrorist attack in France and another police shooting in the US. UK Conservative party chooses new leader. Sanders endorses Clinton. Trump picks Indiana governor Mike Pence for VP.

Best Of The Web

No, Donald, it’s not a “world war” – David Stockman
Goodbye Leniin, hello Bernanke – ABC
Deutsche Bank loves helicopter money – Zero Hedge
The rising danger of a bidless market – Peak Prosperity
Weekly commentary: Scary time – Credit Bubble Bulletin
Jim Rickards on criminal banks – Max Keiser
Who’s buying it? – Real Investment Advice
The soaring risk of flying in Bernanke’s helicopter – Best Minds, Inc.
All time highs – Burning Platform
Greater fools storm the casino – David Stockman
Bernanke’s black helicopters – David Stockman
Wall Street Monkeyshines – look Ma, no hands! – David Stockman
The great market tide has now shifted to risk-off assets – Peak Prosperity

—————————————————————–

Breaking News

The Economy

7/18    Has a stock market melt-up begun for stock market crash in 2016? – SafeHaven

7/18    Are central banks out of bullets? – 24hGold

7/18    Bank of America sets new cost target under pressure from low rates – Yahoo!

7/18    The first generation to earn less than their parents – Daily Mail

7/18    Why Italy’s banking crisis will shake the eurozone to its core – Telegraph

7/18    Rising gold and oil prices are brightly flashing economic slowdown – Forbes

7/18    The pain will be that much worse – Seeking Alpha

7/18    Debt rattle – Automatic Earth

7/18    Destination Mars – Economic Prism

7/18    “Stock valuations at extremes,” Goldman’s clients asking one question – Zero Hedge

7/18    The struggling Norwegian economy illlustrated in charts – Zero Hedge

7/18    Italy tasks JPMorgan with creating a €50 billion bank bailout – Zero Hedge

7/18    “Helicopter money” won’t fix what’s broken – Daily Reckoning

7/17    Japan may be en route to a ‘soft’ form of helicopter money – Business


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News You Can Use From Phil’s Stock World

 

Financial Markets and Economy

U.S. Stock Futures Show No Signs of Panic Over Turmoil in Turkey (Bloomberg)

U.S. stock-index futures rose, erasing losses triggered by the failed military coup in Turkey, a sign American markets will be spared financial fallout from unrest in the Mediterranean nation.

Funds of Hedge Funds Shrink by 11% as Losses Spur Redemptions (Bloomberg)

Funds of hedge funds lost more than $100 billion in 12 months because of outflows and poor performance, according to a new report.

Wall Street is obsessed with this technology — but a big group of investors is missing out (Business Insider)

Blockchain could be a real game changer for the financial-services industry, and big Wall Street banks and stock exchanges are trying to work out how to make the technology work.

Paul Krugman: "What's good for the Dow isn't good for America" “What’s good for the Dow isn’t good for America” (Salon)

In his Friday New York Times column, Paul Krugman argued the stock market’s gains paradoxically “reflect economic weaknesses, not strengths.”

This paradox exists, he claimed, because there are “three big points of slippage between stock prices and the success of the economy in general.”

'Interest rates won't rise until 2020' (Telegraph)

The Bank of England surprised investors by holding Bank Rate steady at 0.5pc on Thursday. But for savers this offered little compensation: rates have been falling fast all year and continue to do so.

A huge oil producer is trying to ramp up exports — but the market isn't buying it (Business Insider)

There's been some good news out of Libya recently.

screen shot 2016 05 31 at 2.12.14 pm

Oil Must Go to $40 and Stay There to Buy Russia Reforms at Last (Bloomberg)

At an oil price of $40 or below, Russian President Vladimir Putin introduced a flat income tax, built a sovereign wealth fund and delivered speeches to the Bundestag in German.


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America Wastes Half The Food It Produces While Hunger Runs Rampant Around The Globe

Courtesy of ZeroHedge. View original post here.

Submitted by Michael Snyder via The Economic Collapse blog,

Is the United States the most wasteful nation on the entire planet?  We are all certainly guilty of wasting food.  Whether it is that little bit that you don’t want to eat at the end of a meal, or that produce that you forgot about in the back of the refrigerator that went moldy, the truth is that we could all do better at making sure that good food does not get wasted.  It can be tempting to think that wasting food is not a big deal because we have so much of it, but an increasing number of people around the world are really hurting these days.  In fact, it has been estimated that there are more than a billion hungry people around the globe right now.  So as a society we need to figure out how to waste a whole lot less food and how to get it into the mouths of those that really need it.

According to the U.S. Department of Agriculture, close to a third of all food in the United States gets wasted after it gets to the store.  This is commonly referred to as “downstream” waste.  When you add all of this “downstream” waste up, it comes to a grand total of 133 billion pounds of food each year

Nearly a third of the 430 billion pounds of food produced for Americans to eat is wasted, a potential catastrophe for landfills and a wake-up call to officials scrambling to feed the hungry, according to a stunning new report from the Department of Agriculture.

The just-issued report revealed that in 2010, 31 percent, or 133 billion pounds, of food produced for Americans to eat was wasted, either molded or improperly cooked, suffered “natural shrinkage” due to moisture loss, or because people became disinterested in what they purchased.

How many people do you think we could feed with 133 billion pounds of food?

But that isn’t all of the food that we waste.  In addition to “downstream” waste, we also have to add “upstream” waste to the equation.  Massive amounts of food are wasted each year because


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Baton Rouge Killer Was Racist Member Of “Nation Of Islam”, Railed Against ‘Crackers’ On YouTube

Courtesy of ZeroHedge. View original post here.

The 29 year old ex-marine, Gavin Eugene Long, who ambushed and killed three unsuspecting Baton Rouge police officers on Sunday morning, hated those who did not share his skin-tone and harbored a particular hatred for the police. As revealed in the hours after the shootings, a Youtube account operated by Long under the handle I Am Cosmo where the alleged killer posted dozens of clips, provides insight into what motivated the young man to kill three police officers and wound  three more on his 29th birthday.

In the Youtube videos, Long rants against “crackers, and makes multiple references to the July 5th killing of Alton Sterling at the hands of police officers only five miles away from Sunday’s attack. The videos also detail that Long is a member of the Nation of Islam, labelled a hate group by the Southern Poverty Law Center for its black supremacist and racist views towards Jews, Asians, and whites which the group’s leaders argue have “sucked the blood from and exploited the black community.

As Daily Caller details, the 29-year-old was a native of Kansas City, Missouri and was honorably discharged from the Marines in 2010 after reaching the rank of E-5. He preferred to go by the name Cosmo Ausar Setepenra rather than Gavin Eugene Long.

In a video published on Thursday, the racist shooter says that “If I would have been there with Alton – Clap” before promoting a book that he wrote that discusses black liberation ideology. “I wrote it for my dark-skinned brothers,” said Long. “If you look at all the rebels like Black Panthers, Huey P. Newton, Malcolm X, and Elijah Muhammad, they was light-skinned. But we know how hard y’all got it.”

Phone numbers on buildings in the video show that it was filmed in Baton Rouge. Calls placed to the numbers were not answered because they were out of service.

“I just got here I’m not really into the protesting. I do education because that’s our real freedom,” he is heard telling two men in the video. He called protesting “emotional” and “for the women.”

In another video recorded while Long was in Dallas after the police shooting, he laid out his thoughts on protesting, oppresion and how to deal with bullies. Nothing too earthshattering there.

Long,


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Obama Denounces Inflammatory Words in Wake of Police Shootings; Sharpton vs. Sharpton

Courtesy of Mish.

President Obama says social media and “round-the-clock news cycles” amplifies divisions. Obama urges everyone, regardless of a person’s race, political affiliation to “focus on words and actions that can unite this country rather than divide it.”

Obama Tweet

I have a wonderful example that highlights precisely what Obama means. It’s from 1992, but it is the classic race-baiting example.

Sharpton

Offing the Pigs

Just in case anyone thinks that is out of context, I invite you to play Al Sharpton’s 1992 “Offing the Pigs” Video from which I made that clip.

Just imagine the outrage if someone not of color said the same thing about people of color.

Offed


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PoCa-HYPoCRiTe, PACToNS and $HiTTiNG BuLL…

Courtesy of ZeroHedge. View original post here.

DNC PLAYERS 2016





The Struggling Norwegian Economy Illustrated in Charts

Courtesy of ZeroHedge. View original post here.

Submitted by Alexander Grover in Oslo, Norway

The Norwegian Economy Illustrated in Charts

Norges Bank continues to hold rates at .5%, signaling an upward bias but willing to cut if needed, depending on unforeseen external shocks like BREXIT. In my opinion, they really don’t know what to do while the country heads for stagflation (simultaneous rising unemployment and inflation).  They are in a “damned if they do and damned if they don’t situation.”

As the currency weakens, import prices rise.  If they raise rates to quell inflation, they will slow down an already lethargic economy and may burn down the housing market in the process. If they cut, inflation will continue to accelerate.  Staying put appears to be the best option, waiting for the oil sector continues to recover.  However, then they are betting against the engineering profession, determined to drive down extraction costs or make oil irrelevant. Rising rig counts in America and the return of Iran and Libya to the marketplace further dim hope for North Sea oil.

Siv Jensen (Finance Minister) stated that the Norwegian economy is “Rock Solid.”  Instead, it is more like ice (in reverse): solid only under specific (temperature and pressure) conditions and wobbly otherwise, unable to support a meaningful load.   Above the $70/barrel threshold, the Norwegian economy is invincible, able to support generous social programs while making deposits to sovereign wealth fund (referred to as The Fund). Below $70, “the ice melts;” the rate of which depends on the ambient temperature above freezing.  If the oil is only slightly below $70, The Fund could cover budget gaps indefinitely, replenishing the drawdown with capital gains, interest and dividend payments.  Perhaps they could levy some new taxes as well.  However, when substantially below the key threshold, the melting accelerates, drawing down the fund quicker than it can be restored.  

Although, The Fund holds over $800 billion, covering near-term budget gaps with ease. Waiting for $70/barrel is like waiting for hell to freeze over or the Americans to join the EU.  Also, The Fund carries various risks, investing mostly in US and European based assets.  The big question is when will Norwegian housing prices peak and reverse course. That day is impossible


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US DOJ Accused Of Intentionally Using 21 Year Old System To Frustrate FOIA Requests

Courtesy of ZeroHedge. View original post here.

President Obama’s “most transparent administration ever” is being accused of “failure by design” in the DoJ’s protocols for responding to public requests. The FOIA law states that agencies must “make reasonable efforts to search for the records in electronic form or format,” but as The Guardian reports, a new lawsuit alleges DoJ intentionally conducts inadequate searches of its records using a decades-old computer system when queried by citizens looking for records that should be available to the public.

In an effort to demonstrate that the DoJ does not comply with this provision, Shapiro requested records of his own requests and ran up against the same roadblocks that stymied his progress in previous inquiries. A judge ruled in January that the FBI had acted in a manner “fundamentally at odds with the statute”.

Now, armed with that ruling, Shapiro hopes to change policy across the entire department. Shapiro filed his suit on the 50th anniversary of Foia’s passage this month.

Foia requests to the FBI are processed by searching the Automated Case Support system (ACS), a software program that celebrates its 21st birthday this year. The FBI’s chief technology officer during the second George W Bush administration, Jack Israel, said he was unimpressed with the system in a Q&A cited in Shapiro’s complaint with the now-defunct site FierceGovernmentIT.

Not only is the interface archaic, but the way that you search data, the way you input data, all of those are archaic, wrote Shapiro in his complaint. Indeed, in 2012 a DoJ commission headed by Webster himself investigating the 2009 Fort Hood shooting called ACS “the FBI’s most outdated system”, noting that “[i]t is being phased out in favor of an impressive Web-based successor, Sentinel”.

More recently, the FBI’s own investigation into the September 11 attacks found that “[o]n September 11, 2001, the Bureau’s information technology was inadequate to support its counterterrorism mission”, noting further that “[t]he FBI’s legacy investigative information system, the Automated Case Support (ACS), was not very effective in identifying information or supporting investigations”.

Not only are the records indexed by ACS allegedly inadequate, Shapiro told the Guardian, but the FBI refuses to search the full text of those records as a matter of policy.


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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

This Is The One Chart Every Trader Should Have "Taped To Their Screen"

Courtesy of Zero Hedge

After a year of tapering, the Fed’s balance sheet finally captured the market’s attention during the last three months of 2018.

By the start of the fourth quarter, the Fed had finished raising the caps on monthly roll-off of its balance sheet to the full $50bn per month (peaking at $30bn USTs, $20bn MBS, although on many months the (balance sheet) B/S does not actually shrink by this full amount which depends on the redemption schedule) and by end-Q4 markets also experienced some of the largest volatility and drawdowns in nearly a decade.

As Nomura&...



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ValueWalk

The Competition For Capital Has Made Stocks Cheap

By Michelle Jones. Originally published at ValueWalk.

The new year is upon us, and now is the time many investors look at what 2018 was and prepare for what 2019 might be. Recession jitters are starting to pick back up again, especially now that the full picture of 2018 is in the books. But what if you could pick only one theme for 2018? Jefferies strategist Sean Darby and team have a suggestion which is especially timely given that it appears to mark the end of an era.

StockSnap / PixabayVolatility carries into the new year

This past year was one of extremes, and the markets ended i...



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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:

 

·       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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