Archive for 2017

A Map Explains The Roots Of France’s Growing Nationalism

By Mauldin Economics. Originally published at ValueWalk.

World explained in maps French Nationalism

BY MAULDIN ECONOMICS

World explained in maps French Nationalism French Elections Macron Marine Le Pen France

By Gauthier Bouchet (Own work) [CC BY-SA 3.0], via Wikimedia Commons

What does it mean to be French? Inherent in this question is a fundamental tension within French nationalism that is unique to France.

Originally, France consisted of diverse regions with their own languages, resources, and way of life. Take a look at the map below.

World explained in maps French Nationalism World explained in maps - French Nationalism

World explained in maps French Nationalism

World explained in maps – French Nationalism

This diversity grew into a united country. From this, we can understand how one aspect of French nationalism is that it views itself as a universal program.

This nationalism holds that French ideas about “liberté, égalité, and fraternité” are as equally important as speaking French and living on French soil.

In this sense, anyone who adopts these principles can be French. And anyone who becomes a French citizen is heir to these principles.

Nationalism and Immigration

French nationalism was based on the idea that the nation was of paramount importance. It was defined by class and a set of ideas about how society ought to be structured.

All of the various factions in the French Revolution believed they were unifying the nation. But each faction had to exclude certain groups from the nation in order to define the whole.

This has morphed far beyond the original exclusion of the aristocracy. It has been used to exclude immigrants to France. The question of immigrant and Muslim assimilation as full members of the French state is at the forefront of debate leading up to presidential elections in April.

France is currently at the beginning of an inward turn that indicates a moment of crisis. The next French President will enter office with a country whose strategic position is weak, its economy stagnant, and its society divided.

Grab George Friedman’s Exclusive eBook, The World Explained in Maps

 The World Explained in Maps reveals the panorama of geopolitical landscapes influencing today’s governments and global financial systems. Don’t miss this chance to prepare for the year ahead with the straight facts about every major country’s and region’s current geopolitical climate. You won’t find political rhetoric or media hype here.

The World Explained in Maps is an essential guide for every…
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Five Maps That Signal Growing Instability In Russia

By Mauldin Economics. Originally published at ValueWalk.

World explained in maps Russia Growing Unrest As Oil Prices Tank

About one year from now, on March 18, 2018, Russia will hold a presidential election. This will take place against the backdrop of an economic crisis that will continue to plague the country in the coming year.

elianemey / Pixabay

Russia’s biggest challenges will be internal, and the countryside will show more signs of crisis.

The five maps below are a very strong indication of Russia’s growing instability.

Map #1: Governors Who Have Lost or Are at Risk of Losing Their Posts

World explained in maps Russia Growing Unrest As Oil Prices Tank

World explained in maps Russia Growing Unrest As Oil Prices Tank

President Vladimir Putin’s most recent move to secure his political power at both regional and national levels is a purge of Russian governors. This is a key move because of the vital interplay between governors and members of the national government. They often work together, depend on each other, and look out for one another’s interests.

Map #2: Areas of Protest 

World explained in maps Russia Growing Unrest As Oil Prices Tank

World explained in maps Russia Growing Unrest As Oil Prices Tank

Russia faces a number of social and economic problems that have resulted in unrest. After oil prices dropped in late 2014, the country began to see economic and labor protests. Since then, unrest has spread across Russia.

Map #3: Generals Removed from EMERCOM

<H4>World explained in maps - Russia growing unrest</H4>

World explained in maps – Russia growing unrest

As economic and social problems persist, so do Putin’s moves to cement power in the security sphere and political arena. On Feb. 2, the Russian government published a presidential decree that removed 16 generals from their posts in two ministries. Thirteen of the dismissals were in EMERCOM, the government office that deals with civil defense, public unrest, and protests. The rest were from the Interior Ministry. They were replaced with officials picked by Putin.

Map #4: Banks with Licenses Revoked

<H4>World explained in maps - Russia growing unrest</H4>

World explained in maps – Russia growing unrest

The decline in oil prices has had a negative effect on the Russian banking system. Incidents of Russian depositors applying for deposit insurance have increased markedly. The above map identifies regions where over 100 banks have had their licenses revoked.

Map #5: Wage Arrears

World explained in maps

World explained in maps – Russia growing unrest


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RBC Emergency Market Update: “Big Trouble For Consensus Trades”

Courtesy of ZeroHedge. View original post here.

Markets may not be turmoiling yet, but as per this “emergency” Sunday night “hot take” from RBC’s cross-asset head Charlie McElligott notes, things are certainly starting to break.

Reflation” themes were already staggering in recent weeks off-the-back of the recent the crude oil sell-off (and the implications for weakened ‘inflation expectations’)—but to now see the longer-term ‘US fiscal policy upside kicker’ looking especially threatened, it is likely that the ‘big three’ trade expressions (longs in US Dollar US Banks and shorts in US Rates) are looking very exposed for an acceleration of recent drawdowns (in conjunction with longs in HY, ‘cyclicals / defensives’ L/S pairs, equities ‘value’ factor, equities high beta, US equities small cap).

Long Dollar’ trades are currently seen unwinding ‘real-time’ as ‘the world’s most crowded trade’ and ‘reflation’ proxy earlier this evening broke the convergence of both its 200dma and the 76.4% Fibo Retracement of the entire Dollar move since the US election—exposing significant downside.  Legacy shorts held against the US Dollar in Euro (making 2017 highs vs USD), Yen (making 2017 highs vs USD), Pound and Canadian Dollar are being painfully squeezed as traders are liquidating after ‘processing’ the implications of the Trump Administration’s failed ACA repeal Friday, with many ‘late-comers’ to these trades significantly ‘under water’ already and looking to ‘tap out’ on losers.  Tactical funds and discretionary macro were already pivoting ‘short USD’ last week on the new “policy CONVERGENCE” dynamic, and now with momentum having clearly pivoted in the other direction, one would expect systematic / trend / CTA to be heavily-involved now as well on the short-side of USD trades.

The story that we were getting Friday from some buyside traders and sellside strategists (by-and-large) was that a “no” vote was almost irrelevant to risk-assets, as market participants want the US Administration to ‘move on’ and ‘focus its efforts’ on tax policy anyhow (versus being mired in further debate with the ‘repeal and replace’ of the ACA).  What many were missing here though (and noted by Mark Orsley Friday afternoon) is that the sequencing of ‘healthcare’ and ‘budget’ before ‘taxes’ was intentional and critical, as spending cuts from a repeal of the ACA were effectively a ‘requirement’ against the pending new administration’s tax-plan which will only further increase the deficit.  This is obviously


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Americans Once Known for Their Optimism Are Losing Hope

By Mauldin Economics. Originally published at ValueWalk.

Angst is “a feeling of anxiety, apprehension, or insecurity.” Many of us feel it acutely right now—and that’s new. Angst isn’t a temporary, individual thing anymore. Now we all feel it together—or at least most of us do—and it’s not at all temporary.

Employers jobs Labor Force, Optimism  Unemployed

Employers jobs Labor Force, Optimism Unemployed

Foundry / Pixabay

I’ve touched on this before, but it’s no wonder that so much of our angst is job-related. Some people don’t have jobs at all. While many others don’t like the jobs they have. The millions of unemployed, underemployed, or unhappily employed touch all of us in some way.

If our nation’s work rate today were back up to its start-of-the-century high, well over 10 million more Americans would now have paying jobs. And that employment shortfall makes a real difference to the growth of the economy.

There Are Only Two Ways to Grow the Economy

You either have to grow the number of people working. Or you have to increase their productivity. If you remove 10 million American workers from the labor force, not only are they not producing anything, the vast majority of them are clearly consuming the fruits of the labor of those who are employed.

The number of people dropping out of the labor force is increasing. If that trend is not turned around, the hope that we will get back to 3% GDP growth is just wishful thinking.

Couple that trend with reduced productivity, and we will be lucky to see even 2% growth for the rest of the decade. If we have a recession, we will end up with a lower GDP than we have today.

Think about that. And then plug it into federal budget projections.

Employers Lack Qualified Workforce

Meanwhile, employers feel a different kind of angst. Many either can’t find qualified workers or their workers require constant attention and extensive training to be productive. Neither side of the labor-management divide is happy with the arrangements.

Everybody is apprehensive about the future. The common complaint from businessmen is not that they need more capital and the ability to borrow money from banks. But that they need more good workers in order to attract more good customers.

The Result Is Trump

This widespread angst among employers, employees, and those who aren’t working is…
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Michael Hudson: Trump Is Obama’s Legacy – Is This The End Of The Democratic Party?

Courtesy of ZeroHedge. View original post here.

Authored by Michael Hudson via NakedCapitalism.com,

Nobody yet can tell whether Donald Trump is an agent of change with a specific policy in mind, or merely a catalyst heralding an as yet undetermined turning point. His first month in the White House saw him melting into the Republican mélange of corporate lobbyists. Having promised to create jobs, his “America First” policy looks more like “Wall Street First.” His cabinet of billionaires promoting corporate tax cuts, deregulation and dismantling Dodd-Frank bank reform repeats the Junk Economics promise that giving more tax breaks to the richest One Percent may lead them to use their windfall to invest in creating more jobs. What they usually do, of course, is simply buy more property and assets already in place.

One of the first reactions to Trump’s election victory was for stocks of the most crooked financial institutions to soar, hoping for a deregulatory scythe taken to the public sector. Navient, the Department of Education’s knee-breaker on student loan collections accused by the Consumer Financial Protection Bureau (CFPB) of massive fraud and overcharging, rose from $13 to $18 now that it seemed likely that the incoming Republicans would disable the CFPB and shine a green light for financial fraud.

Foreclosure king Stephen Mnuchin of IndyMac/OneWest (and formerly of Goldman Sachs for 17 years; later a George Soros partner) is now Treasury Secretary – and Trump is pledged to abolish the CFPB, on the specious logic that letting fraudsters manage pension savings and other investments will give consumers and savers “broader choice,” e.g., for the financial equivalent of junk food. Secretary of Education Betsy DeVos hopes to privatize public education into for-profit (and de-unionized) charter schools, breaking the teachers’ unions. This may position Trump to become the Transformational President that neoliberals have been waiting for.

But not the neocons. His election rhetoric promised to reverse traditional U.S. interventionist policy abroad. Making an anti-war left run around the Democrats, he promised to stop backing ISIS/Al Nusra (President Obama’s “moderate” terrorists supplied with the arms and money that Hillary looted from Libya), and to reverse the Obama-Clinton administration’s New Cold War with Russia. But the neocon coterie at the CIA and State Department are undercutting his proposed rapprochement with Russia by forcing out General Flynn for starters. It seems doubtful that Trump will clean them


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Visualizing The World’s Deepest Oil Well

Courtesy of ZeroHedge. View original post here.

In the world’s deepest gold mine, workers will venture 2.5 miles (4 km) below the Earth’s surface to extract from a 30-inch (0.8m) wide vein of gold-rich ore.

While these depths are impressive, Visual Capitalist’s Jeff Desjardins notes that mining is limited by the frailty of the human body. Going much deeper would be incredibly dangerous, as limitations such as heat, humidity, logistics, and potential seismic activity all become more intense.

Luckily, the oil industry does not have such human obstacles, and drilling deep into the Earth’s crust is instead limited by a different set of circumstances – how deep can the machinery and technology go before the unfathomable heat and pressure renders it inoperable?

THE WORLD’S DEEPEST OIL WELL

Today’s infographic comes to us from Fuel Fighter, and it helps to visualize the mind-boggling depths of the world’s deepest oil well, which is located in a remote corner of eastern Russia.

Courtesy of: Visual Capitalist

The world’s deepest oil well, known as Z-44 Chayvo, goes over 40,000 ft (12 km) into the ground – equal to 15 Burj Khalifas (the tallest skyscraper) stacked on top of each other. That’s also equal to 2x the record height for air balloon flight.

Perhaps more importantly to the operator, Exxon Neftegas Ltd., the wells on this shelf are expected to produce a total of 2.3 billion barrels of oil.

THAT’S SOME SERIOUS DEPTH

Before the Z-44 Chayvo Well and other holes like it were drilled on the eastern side of Russia, the famous Kola Superdeep Borehole held the record for drill depth.

Located in western Russia, this time just 10 km from the border with Norway, the Kola Superdeep Borehole was rumored to have been discontinued in 1992 because it actually reached “hell” itself. At its most extreme depth, the drill had pierced a super-hot cavity, and scientists thought they heard the screams of “damned souls”.

All folklore aside, the Kola Superdeep Borehole is super interesting in its own right. It revealed many important things about our planet, and it still holds the record today for depth below the surface.





Weekly Market Recap Mar 26, 2017

Courtesy of Blain.

Tuesday’s long overdue >1% selloff in the S&P 500 broke a very long and rare streak in the S&P 500.   The S&P 500?s streak without a 1% down day was the longest since May 18, 1995!  A marginal close lower Monday was followed by a 1.2% drop Tuesday (the NASDAQ fell 1.8% that day).

“I think that investors are kind of starting to discount the likelihood of the immediacy of [President Donald Trump’s] policies and the enthusiasm has come off the boil as a lot of his policies got mired in the legislative process,” said Jack Ablin, chief investment officer at BMO Private Bank. “Investors are not throwing in the towel but they are resetting their expectations.”

According to Bespoke, there have been only 11 instances since 1928 where the S&P 500 went over 100 days without a 1% loss.  If you believe history will repeat from a very small sample size, things still will be bullish from here.

On average during the week, month and three months following the first decline during those periods, the broad-market S&P 500 tends to end higher.  For the week, the average gain is 0.65%, advancing 8 out of 11 times. The average return after a month is 2.34%, with returns positive in 9 out those 11 occasions. After three months, average returns are about 2.44%, boasting gains in 8 out of those 11 periods.

The defeat of “repeal and replace” healthcare had some doubting whether the corporate tax reform – seen as one of the major legs of this market’s rise – may be at some risk down the road.

“The trading has nothing to do with the health-care aspects of the bill, and everything to do with what it means for tax reform, infrastructure spending, the general ability of these guys to get things done. A lot of the rally has been based on the expectation that these things will get done. If you bring that into question, a lot more risk enters the market,” said Ian Winer, director of equity sales trading at Wedbush Securities.

“At a time when the S&P 500 is


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Breaking News And Best Of The Web

Courtesy of John Rubino.

US stocks fall on health care turmoil, gold and silver rise slightly. Bitcoin and oil stable after recent drops. New home sales rise. Trump’s popularity slumps. Obamacare replacement stalls in Congress.  

Best Of The Web

Tigers, ghosts, and Kryptonite – Stock Research

They’re baaack! And why you should be worried – very worried – Mark St. Cyr

Discussions on the Fed put – Credit Bubble Bulletin

Pension crisis too big for markets to ignore – Bloomberg

Why this market needs to crash – Peak Prosperity

Required minimum distributions spell disaster (& even greater intervention) – Econimica

The Deep State’s dominant narratives and authority are crumbling – Charles Hugh Smith

Dead men walking? – SilverSeek

The smokestacks come tumbling down – Nearly Now

The broken bond market – Global Macro Monitor

Status quo under increasing attack by ‘populist people power’ – MATA SII

Who the hell would vote for Marine Le Pen? – Daily Beast

—————————————————————–

Breaking News

The Economy

3/27    Fading Trump rally threatened by rare contraction of US credit – Telegraph

3/27    These charts show alarm bells ringing on the Trump trade – Bloomberg

3/27    Plateau in U.S. auto sales heightens risk for lenders: Moody’s – Reuters

3/27    US oil rig count continues to rise despite Saudi warnings – Oil Price

3/27    Venezuela in dire straits as oil production falls further – Oil Price

3/27    ‘Soft’ data slump continues – Dallas Fed misses, tumbles – Zero Hedge

3/27    Populism is the result of global economic failure – Guardian

3/27    Dow falls triple digits as optimism on Trump agenda diminishes; financials lag – CNBC

3/27    Asian markets drop as dollar weakens following Trump health-care failure – CNBC

3/27    Pension problem too big to ignore? – Mish

3/27    Foundation – Fall of


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“They’re Baaack! And Why You Should Be Worried – Very Worried”

Courtesy of ZeroHedge. View original post here.

Authored by Mark St.Cyr,

Bubbles are easy to spot – pinpointing when they’ll pop – is quite another.

I coined that phrase a while back which is nothing more than adding my own spin combining two very old catch phrases used by seasoned traders and investors. I use the word “seasoned” for a reason. Why?

Because they’re the ones that have been around (and been burned themselves) yet lived to trade, or invest, another day. Those who remained wedded (usually the novice or one who’s never experienced true volatility) to the more prominent and specious claims of “you can’t tell when you’re in a bubble” followed with “you can always get out in time” for the most part are long gone. i.e.,The bubble popped into the ether – along with their money.

Nowhere was this phenom more apparent than the real-estate boom of the early 2000’s, which followed the prior phenom only 10 years prior (e.g., the dot-com crash) that should have seared into people’s memory for millennia just how “bubbles” take shape – and the resulting financial devastation that happens rapidly once they’ve popped.

Guess what? (actually you already know) nobody seems too care. Yet, here’s something you may not know, but should: It’s all happening again, and in the same time frame.

We are once again (you’re going to see that phrase a lot) hovering in and around the all-time highs in the “markets.” And, once again, all the warning signs are coming into place that should be the tell-tale signs for prudence and caution. Here are three, but they’re a very big 3 when combined. Ready?

  1. Tony Robbins has authored another financial book.
  2. Suze Orman has once again reemerged to deliver her brand of financial advice.
  3. They’re both delivering their insights at a venue titled (wait for it) Real Estate Wealth Expo™, where you too can learn how to become a millionaire via real estate.

So, let me make this statement right-off-the-bat: This isn’t a hit piece about either Tony, Suze, or The Expo. What I’m strictly relating my argument too is the phenom and psychology that reemerges with a vengeance during what is known as “the topping process.” aka “The late stages of a bubble mentality.”

This is the moment in time where generic, over simplified


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Bond Bears Panic, Cover Shorts At Fastest Pace Since Brexit; But Rate-Hike Bets Top $3 Trillion

Courtesy of ZeroHedge. View original post here.

Last week saw the largest drop in aggregate Treasury short positions since Brexit. Ironicaly, while bond bears felt the squeeze, traders piled into Eurodollar shorts (increased rate-hike bets) sending the short-end’s positioning to record highs.

Across the entire Treasury bond futures complex, shorts covered over 200,000 10-year-equivalent contracts (around $20 billion notional), but as is clear below, the net short – while the smallest since December 2nd – remains extreme relative to norms over the last 6 years.

At the same time, Eurodollar traders added to their rate-hike bets - extending the net short to a record 3.009 million contracts… (over $3 trillion notional)

The lofty fiscal expectations surrounding President Donald Trump have begun to subside.

The short-dated skew between payers and receivers on 10-year yields is flat, with the risks now more symmetric for rates, allowing investors to position for outcomes following the U.S. fiscal debate. Steeper skews would indicate payers richening relative to receivers, signaling expectations for higher rates.

Additionally, as Bloomberg’s Tanvir Sandhu notes, another factor that bears need to contend with is overseas demand for Treasuries. The cost of currency-hedging for dollar assets has cheapened for Japanese investors, with the three-month basis now at the two-year average. Japanese life insurers typically buy domestic bonds in March and foreign bonds in the first half of the fiscal year that starts in April. This may help keep U.S. 10-year yields below 3 percent.





 
 
 

Zero Hedge

Bloomberg System Goes Down Ahead Of US Open

Courtesy of ZeroHedge. View original post here.

For the second time in a few months, the Bloomberg Terminal system appears to be down and is causing panic across Wall Street ahead of the US market open...

Traders are not happy...

When Bloomberg panels go down 8 minutes before the open...... pic.twitter.com/pqoQoyoBHj

— NOD (@NOD008) January 17, 2019 ...

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Kimble Charting Solutions

Triple Breakout Test In Play For S&P 500!

Courtesy of Chris Kimble.

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

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

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

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



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Phil's Favorites

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

 

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

Courtesy of Victoria Honeyman, University of Leeds

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

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

...



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Digital Currencies

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

Courtesy of Michelle Jones via ValueWalk.com

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

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

A year after the cryptocurrency bubble popped

CCN...



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ValueWalk

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

By ActivistInsight. Originally published at ValueWalk.

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



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Insider Scoop

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

Courtesy of Benzinga.

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

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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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About Ilene:

Ilene is editor and affiliate program coordinator for PSW. She manages the site market shadows, archives, more. Contact Ilene to learn about our affiliate and content sharing programs.

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