Archive for November, 2018

Silicon Valley, NYC, Boston: These Are The 100 Most Exclusive Zip Codes In The US

Courtesy of ZeroHedge. View original post here.

With 2018 drawing to a close, Property Shark has released its annual ranking of the most expensive zip codes in the country. And in a year when tech giants led the market’s ascent to record highs (as well as its stunning collapse over the past six weeks), perhaps it’s fitting that Silicon Valley has once again claimed the title of most expensive region in the country (going by the number of most expensive expensive zip codes in the top 100).

Property Shark bases its rankings on the most recent closing sales prices for each zip code. Taking first place is Atherton’s 94027, located in San Matteo County, thanks to a considerable spike in its median home sales price. All told, Silicon Valley claimed 30 of the country’s priciest zip codes. Silicon Valley and New York City claimed the top spots for cities, with nine each in the top 100. 

Cities

In second place after Atherton’s 94027 was Sagaponack’s 11962, part of a wealthy Hamptons enclave, with a median sales price of $5.5 million. NYC claimed the No. 4 spot with zip code 10013, which covers parts of SoHo and TriBeCa. it posted a median sales price of $3.81 million. Though, notably, the neighborhood saw a 7% contraction in sales prices that left it below the $4 million threshold.

Massachusetts got six zip codes, with Boston’s 02199 stealing the spot as the 3rd most expensive zip code in the country. The state’s second-highest entry came at No. 38 with 02543, located in Woods Hole, an affluent Cape Cod community, which posted a median sale price of $2,105,000. it was joined on the list by Nantucket’s 02554, with a $1.48 million median.

Florida, Maryland, Nevada and Washington State each notched one zip code in the top 100. Out of these state’s Miami’s 33109 was the priciest, coming in at 10th most expensive zip code nationally. Washington State made its presence known with Medina’s 98039 at No. 15. The King County zip posted a $3.05 million median, up by nearly half a million dollars compared with last year. Nevada’s 89413 in Glenbrook was also on the rise year-over-year, surpassing the $2 million mark to clinch the No. 37 spot.

See the full list below (several counties tied for spots on the list):

  • 1    94027    Atherton    San Mateo County  


continue reading





This Opioid Antidote Was Hiked 600% To Exploit Crisis

Courtesy of ZeroHedge. View original post here.

An American drug company hiked the price of its opioid-overdose antidote by 600% since going to market in 2014, has cost Medicare and Medicaid health programs $142 million, according to a new Senate subcommittee report, which called the company’s actions a way of taking advantage of the worst drug overdose crisis in US history.

Senators Rob Portman of Ohio and Tom Carper of Delaware said in the report, published last week, that Kaleo, Inc. “exploited the opioid crisis by increasing the price of its naloxone drug EVZIO by more than 600 percent (from an initial price of $575 per unit to $3,750 and then $4,100 eleven months later).”

Portman, a Republican, and Carper, a Democrat, head the Senate Homeland Security and Governmental Affairs investigative subcommittee, determined the Virginia-based company advise doctors’ offices to sign documents establishing that Evzio, which administers the opioid antidote naloxone, was medically necessary for overdoses – guaranteeing government health programs would cover costs.

“Naloxone is a critically important overdose reversal drug that our first responders have used to save tens of thousands of lives,” Portman said in a statement.

“The fact that one company dramatically raised the price of its naloxone drug and cost taxpayers tens of millions of dollars in increased drug costs, all during a national opioid crisis no less, is simply outrageous.”

Kaleo justified its pricing strategy in a statement and said it was strategizing with insurers to lower prices.

“We believe two facts are critical to the Evzio story,” the company said in a statement. “First, we have received voluntary reports from recipients of donated product that Evzio has saved more than 5,500 lives since we launched the product in 2014. Second, we have never turned an annual profit on the sale of Evzio.”

Drug-pricing consultants told the Senate subcommittee that Kaleo’s price should be between $250 and $300 – not $4,000. 

Cheaper brand-name naloxone products are available including Narcan, cost $125, and more inexpensive generic naloxone products under $100. 

The price jump came after Kaleo contracted two Chicago-based consultants, Todd Smith and Benjamin Bove, who have had plenty of experience hiking drug prices for pharmaceutical companies at the taxpayer’s expense. 

The consultants came up with a scheme for Evzio, and Kaleo paid the consulting firm, Underhill Pharma LLC., more than $10 million to figure out how to milk government healthcare programs. 

In 1Q 2016, Kaleo increased the drug’s price to $3,750, indicating that it was aimed at making sure people could get the drug fully subsidized. …
continue reading





Hong Kong Home Market Headed For Big Correction 

Courtesy of ZeroHedge. View original post here.

Back in October, Hong Kong’s housing market suffered its first decline in 29 months only days after HSBC became the first commercial bank to raise its prime lending rate, taking a hint from the Federal Reserve and the Hong Kong Monetary Authority in ending a decade of cheap money.

In that time, Hong Kong retained the world’s hottest housing market, but there is new evidence now of an immient slowdown. 

New-home sales this month have tumbled to levels not seen since 1Q 2016, according to Midland Realty data.

Meanwhile, home prices have fallen for two straight months, the longest losing streak since 2016, according to the Centa-City Leading Index.

Bloomberg said other reports showed deteriorating sales at Country Garden, the 6th largest property developer in China, is fueling speculation that the world’s most expensive housing market is headed for a deep correction. 

Last week, home prices experienced the largest decline since March 2016, falling 1.3% week-on-week, the data showed. 

From August’s peak, home prices have dipped about 5%.

Goldman Sachs Group Inc. has forecasted a 15 to 20% correction into 2020, as the Hong Kong Monetary Authority is expected to raise rates in tandem with the Fed, according to a research report released Monday.

Here are some more signs the storm clouds are gathering over the Hong Kong housing market:

Mortgage applications recorded the most significant month-on-month drop in 20 years in September, according to Centaline Mortgage Broker Ltd. The number of applications slid 56% to 7,977, the Hong Kong Monetary Authority reported.

The number of transactions for luxury homes is now the worst on record. 

Hong Kong has for decades been one of the most stable places in the world, however, with one interest rate hike and the threat of an imploding real estate market in 2019, it seems like regime change is imminent. 





America Needs A New National Strategy

Courtesy of ZeroHedge. View original post here.

Authored by Charles Hugh Smith via OfTwoMinds blog,

A productive national Strategy would systemically decentralize power and capital rather than concentrate both in the hands of a self-serving elite.

If you ask America’s well-paid punditry to define America’s National Strategy, you’ll most likely get the UNESCO version: America’s national strategy is to support a Liberal Global Order (LGO) of global cooperation on the environment, trade, etc. and the encouragement of democracy, a liberal order that benefits all by providing global security and avenues for cooperation.

This sounds good, but it overlooks the Endless Wars ™ and global meddling that characterize America’s realpolitik dependence on force, which it applies with a ruthlessness born of America’s peculiar marriage of exceptionalism and naivete.

The happy UNESCO story also overlooks the rapacious incoherence of America’s political system which is ultimately nothing but the Corporatocracy’s advocacy of self-interest. This sytem is based on the bizarre notion that private-sector corporations with revolving-doors to central state agencies lobbying for state protection of their monopolies will magically benefit the entire populace.

This absurd idea that the single-minded pursuit of maximizing private gain by any means available will magically benefit society is the essence of neofeudalism: the financial and political nobility maximize their take and justify this exploitation with airy assurances to the politically impotent debt-serfs that this systemic predation magically offers up the best possible outcome for the peasantry.

Uh, not to put too fine a point on it, but if this is the best possible world for America’s peasantry, let’s switch places, Mr. Financial Noble: you take my student loan debt and $30,000 a year job and I’ll take your $100 million private-wealth managed accounts in tax havens around the world, your private access to politicos and the Gulfstream on the tarmac.

The no-holds-barred pursuit of self-enrichment by the Nobility is America’s real-world national strategy: a system of institutionalized greed lacking any actual strategy.

America’s citizenry deserves better, and the place to start is to discuss a real strategy rather than justify self-serving elites’ parasitic predation as “good for everyone” via PR magic.

Let’s start by distinguishing force and power. This is a key discussion in my new book Pathfinding our Destiny: Preventing the Final Fall of Our Democratic Republic.

It’s instructive to recall Edward Luttwak’s distinction between force and power in his book The Grand Strategy of the Roman Empire: From the First Century CE
continue reading





Luxury Housing Bust – Chicago’s Most Expensive Mansion Taken Off Market

Courtesy of ZeroHedge. View original post here.

Chicago's most expensive mansion was abruptly taken off the market last week after failing to attract bidders at a staggering $50 million price tag.

United Automobile Insurance Co. Chairman and CEO Richard Parrillo and his wife, Michaela, constructed the 25,000 sqft Lincoln Park mansion a decade ago, after buying the property in 2005 for $12.5 million from the Infant Welfare Society.

After two years on the market, Parrillo and his wife held firm at $50 million, a record for the region, their original listing agent told the Chicago Tribune. The agent said the couple plowed more than $65 million into the estate, including land cost.

Listing information shows the mansion measures 25,000 sqft, which simple arithmetic would mean a cost of $2,000 per sqft. However, Cook County Assessor's Office reports that the structure is more like 15,533 sqft. The report also shows how the mansion's $50 million asking price is hugely overinflated versus 2018 estimated market value, which is $19.36 million. The report notes the 2018 property value is significantly higher from the assessor’s $13.98 million estimated market value for the mansion in 2017, due to a quick burst in high-end home sales in the last several years, but has since cooled.

With the Parrillos’ mansion off the market, Pete’s Fresh Market co-founder and owner James Dremonas’ $21.9 million asking price for a 13,400 sqft North Dearborn Street mansion on the Near North Side, is now the most expensive listing for any suburban home currently on the Chicago market.

More than likely, Parrillos and Dremonas have missed the window of opportunity to sell their luxury homes for the cycle. 

We have well documented the luxury Manhattan condo bust, Greenwich Homes sales plunge, Hamptons real estate downturn, Miami beach home implosion, Aspen mountain home crash, and the West Coast luxury market falling apart over the last several years.

Turning points in the real estate market take time, but as we find out this fall, the top is here:  Bank of America rang the proverbial bell on the US real estate market back in September, indicating that existing home sales have peaked, reflecting declining affordability, greater price reductions and deteriorating housing sentiment.

Chief BofA economist Michelle Meyer warned that "the housing market is no longer a tailwind for the economy but rather a headwind. Today's crash in new home sales – which tumbled the most Y/Y in 7 years – only confirmed that.





G-20 leaders descend on Buenos Aires as host Argentina battles worst economic crisis in a decade

 

G-20 leaders descend on Buenos Aires as host Argentina battles worst economic crisis in a decade

File 20181129 170250 10k7evk.jpg?ixlib=rb 1.1

Protesters carry a banner that reads in Spanish, ‘Property of the G20? Who chose?’ AP Photo/Sebastian Pani

Courtesy of Robert H. Scott III, Monmouth University and Kenneth Mitchell, Monmouth University

Leaders of the world’s biggest economies have gathered in Buenos Aires for the annual Group of 20 Summit to discuss some of the most important issues facing the global economy, from the future of work and food security to U.S. President Donald Trump’s trade war and the Khashoggi killing.

And although their host, Argentine President Mauricio Macri, probably won’t want to talk about the dire state of his country’s economy, heads of state need only use a cash machine to see evidence of it. A U.S. dollar worth just 20 pesos in April today converts into almost double that, making the Argentine currency the world’s worst performer this year.

We’ve been following the ebbs and flows of the Argentine economy for two decades and are currently wrapping up a book on economic and fiscal policy in Argentina, Brazil and Chile. Here’s a quick look at what went wrong and how it could get better.

A man serves food at a soup kitchen in Buenos Aires. AP Photo/Natacha Pisarenko

Scary times

Pesos have been fleeing the country. The economy has been sinking deeper into recession. And the country is suffering the worst drought in decades.

Sound scary?

For Argentina, it’s more of the same. The country has suffered through many economic crises in recent decades. And pretty much every time, the catastrophic meltdowns ended with some combination of unsustainable national debt, high unemployment, rising poverty rates, looting, bank runs, capital flight and hyperinflation. That in turn set the stage for the next economic crisis.

But it didn’t have to happen this time. Only two years ago, Argentina’s leadership had appeared to learn lessons from the past and were governing the economy pretty effectively.…
continue reading





How mainstream media helps weaponize far-right conspiracy theories

 

How mainstream media helps weaponize far-right conspiracy theories

File 20181121 161638 duxyh5.jpg?ixlib=rb 1.1

Are there invisible forces at work in the world? Grzegorz Zdziarski/Shutterstock.com

Courtesy of Heather Woods, Kansas State University and Leslie Hahner, Baylor University

Once an anti-Semitic rumor moved from fringe to the mainstream, it took less than two weeks for violence to erupt. The false allegation that liberal philanthropist George Soros was funding or supporting a caravan of Honduran refugees heading to the U.S. spread wildly from a single tweet posted on Oct. 14.

Along with far-right memes, that allegation helped motivate both an alleged mail-bomber and a mass shooter at a Pittsburgh synagogue. The way these messages traveled across the internet in this short time span is just one example of how extremist messages and memes circulate with incredible speed across mainstream social media platforms.

From our vantage point as researchers of visual and digital communication, memes – short, often image-based forms of communication – are powerful engines of persuasion, even though they can appear innocuous or even humorous. Perhaps the best known examples are LOLCats memes, pairing funny pictures of cats with customizable phrases or sentences. Memes can disseminate information quickly because they invite people to share or remix content with little effort required, making widespread dispersal more likely.

Memes need not be humorous or factual to be functional. All they need to do is attract attention online, which often translates into mainstream media coverage. That makes memes potent tools for distributing disinformation. Moreover, the online and mainstream platforms that amplify memes’ circulation can weaponize false claims and encourage conspiracy theorists – sometimes toward violence.

Memes move conspiracies

Understanding how these messages embolden anti-Semitism and other forms of terrorism involves grappling with how white supremacists use digital media. As we detail in our forthcoming book “Make America Meme Again,” messages and memes weaponized in far-right networks are deft political tools that move swiftly across social and traditional media. Because memes are stealthy political messages that usually offer rebellious or irreverent humor, they can be easily retweeted, shared or even pasted to the side of a van.

Before the dawn of…
continue reading





The Commish

 

The Commish

Courtesy of 

Last night I had the pleasure of attending a talk put on by Andrew Ross Sorkin and the New York Times in their auditorium on 41st Street. Andrew’s special guest was Securities and Exchange Commission Chairman Jay Clayton and the conversation was about blockchain technology, crypto currencies, distributed ledgers, initial coin offerings and a lot more.

I want to say a couple of things about what I saw and heard at the event…

We are in good hands with both of our Jays. As regular readers know, I’m not a Trump fan. However, between his Fed Chairman pick, Jay Powell, and his choice for SEC Chairman, Jay Clayton, I feel that the investor class and market participants in general are in good hands. Jay Clayton is an accomplished securities and corporate attorney and genuinely has an affection for our capital markets and an appreciation for the rules he’s been sworn to uphold.

Clayton is open-minded…: We have a commissioner who is open to the idea of new technologies being used within our markets to make trading more efficient, and who has taken his time to learn about all of the optimism and skepticism surrounding crypto currencies. He’s done the research himself and is completely engaged in the subject matter.

…but he’s also a constructionist: In one of my favorite exchanges of the night, when asked about whether or not our regulatory capabilities were up to snuff in the age of blockchain, Jay shared his view that the people who created our current securities laws in the 1930’s were geniuses. These rules have withstood the test of time and have been in place to foster the growth of our economy to more than $20 trillion. “I think the new technologies ought to be able to adapt to our rules, we shouldn’t change our rules every time there’s new technology.” He’s speaking generally about the two main types of rules the SEC enforces: Those dealing with the offering and sale of securities to the public and those dealing with the secondary markets that securities trade in.

Bitcoin is a currency, not a security or a commodity: His view of what Bitcoin actually…
continue reading





WSJ Calls It: “US Housing Boom Is Coming To An End, Starting In Dallas” 

Courtesy of ZeroHedge. View original post here.

About two months after Bank of America rang the proverbial bell on the US real estate market, indicating existing home sales have peaked, reflecting declining affordability, greater price reductions and deteriorating housing sentiment. It now appears The Wall Street Journal has jumped on the bandwagon in calling the housing market top with a new piece that warns: "US Housing Boom Is Coming To An End, Starting In Dallas."

In a piece published Tuesday, the WSJ hones in on Dallas to explain the national slowdown of the housing market alongside Trump's "greatest economy ever." Housing prices have risen far faster than wages, which has triggered an affordability crisis during the same time the Federal Reserve is undergoing monetary tightening – a perfect cocktail that could form a top in the market. More: 

"Yet even with the booming growth, Dallas’s once vibrant housing market is sputtering. In the high-end subdivisions in the suburb of Frisco, builders are cutting prices on new homes by up to $150,000. On one street alone, $4 million of new homes sat empty on a visit earlier this month. Some home builders are so desperate to attract interest they are offering agents the chance to win Louis Vuitton handbags or Super Bowl tickets with round-trip airfare, if their clients buy a home. Yet fresh-baked cookies sit uneaten at sparsely attended open houses."

WSJ notes that affordability has gotten “out of whack with historical norms.” The median home price in Dallas now costs more than 50% than it did in 2007.

On Zillow's website, the Dallas market is rated as "cold." Plano, McKinney, and Allen are each rated cold, as well, while Frisco is “very cold."  

The WSJ interviewed a millennial family who purchased a home earlier this year in the Dallas metro area; they said the market “felt extremely hot,” but struggled to sell their previous home for five months as interest rates surged. In mid-October, they sold it for $16,000 less than their original asking price.

Mortgage rates positively correlate to 10-year Treasury notes, which have been all year because of growing inflation fears and massive deficit spending by the Trump admin. 

“Some [buyers] are adjusting their budget. They’re shopping more for different mortgage companies,” said Amy Downs,…
continue reading





This Is How The “Everything Bubble” Will End

Courtesy of ZeroHedge. View original post here.

Authored by Nick Giambruno via InternationalMan.com,

I think there’s a very high chance of a stock market crash of historic proportions before the end of Trump’s first term.

That’s because the Federal Reserve’s current rate-hiking cycle, which started in 2015, is set to pop “the everything bubble.”

I’ll explain how this could all play out in a moment. But first, you need to know how the Fed creates the boom-bust cycle…

To start, the Fed encourages malinvestment by suppressing interest rates lower than their natural levels. This leads companies to invest in plants, equipment, and other capital assets that only appear profitable because borrowing money is cheap.

This, in turn, leads to misallocated capital – and eventually, economic loss when interest rates rise, making previously economic investments uneconomic.

Think of this dynamic like a variable rate mortgage. Artificially low interest rates encourage individual home buyers to take out mortgages. If interest rates stay low, they can make the payments and maintain the illusion of solvency.

But once interest rates rise, the mortgage interest payments adjust higher, making them less and less affordable until, eventually, the borrower defaults.

In short, bubbles are inflated when easy money from low interest rates floods into a certain asset.

Rate hikes do the opposite. They suck money out of the economy and pop the bubbles created from low rates.

It Almost Always Ends in a Crisis

Almost every Fed rate-hiking cycle ends in a crisis. Sometimes it starts abroad, but it always filters back to U.S. markets.

Specifically, 16 of the last 19 times the Fed started a series of interest rate hikes, some sort of crisis that tanked the stock market followed. That’s around 84% of the time.

You can see some of the more prominent examples in the chart below.

Let’s walk through a few of the major crises…

• 1929 Wall Street Crash

Throughout the 1920s, the Federal Reserve’s easy money policies helped create an enormous stock market bubble.

In August 1929, the Fed raised interest rates and effectively ended the easy credit.

Only a few months later, the bubble burst on Black Tuesday. The Dow lost over 12% that day. It was the most devastating stock market crash in the U.S. up to that point. It also signaled the beginning of the Great Depression.

Between 1929 and…
continue reading





 
 
 

Zero Hedge

Visualizing The 150 Apps That Power The Gig Economy

Courtesy of ZeroHedge. View original post here.

Go back in time a decade, and you’d have a tough time convincing anyone that they would be “employed” through an app on their phone.

And yet, as Visual Capitalist's Jeff Desjardins explains, in a short period of time, the emergence of the smartphone has enabled the gig economy to flourish into a multi-trillion dollar global market. And by leveraging apps like Uber, Airbnb, and Etsy, it’s estimated that ...



more from Tyler

Phil's Favorites

What's going on with Blue Apron?

By Ilene 

The Blue Apron business model appears, perhaps, flawed. While the service is convenient, I think it would appeal mostly to very busy people who don't have time to shop for food -- but enjoy cooking -- and have enough money that the trade off between paying for food delivery vs. spending time shopping is worth it. Here's the unfortunate stock chart and some numbers from Yahoo:

The company has been losing money, and is projected to lose money again next year. Revenue is projected to decrease in 2019 from the 2018 level, but pick up again in 2020, though still below 2018's revenue. Maybe a larger company that could integrate APRN's services into its existing infrastructure should acquire APRN and save it from its apparent...



more from Ilene

Chart School

Palladium minor cycle bottom

Courtesy of Read the Ticker.

Once again RealVision TV posts another trade idea, long palladium. We shall review it with our RTT cycle tools and parallel channels.







Any trader will be concerned with the supply shock at $1800 which pushed down price quickly. Profit taking maybe, sure! The question, is there more supply out (or more profit taking) there ready to dump on the market, either now or after any minor advance. This why waiting for the 'C' wave of the A-B-C to form over some more time is a good idea, and once done, we want to see solid buying moving price up before acting, after all we do not want to be early or a lonely bull (Richard Wyckoff logic). 

The parallel channel highl...

more from Chart School

Digital Currencies

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

 

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

The high seas are getting lower. dianemeise

Courtesy of Iwa Salami, University of East London

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



more from Bitcoin

Kimble Charting Solutions

Banks Sending Bearish Message To Stocks, Says Joe Friday

Courtesy of Chris Kimble.

Quality bull markets prefer to see Banks stronger than the broad markets or at least keeping up with it. Concerns often crop up when banks reflect relative weakness compared to the S&P.

This chart looks at the Bank Index (BKX) over the past few years, reflecting a falling channel of lower highs and lower lows has taken place inside of falling channel (1). This falling channel has now been in play for the past 15-months.

The index hit the bottom of the channel in December of 2018 and a counter-trend rally took place. The rally off the December lows saw the index hit the top...



more from Kimble C.S.

Insider Scoop

Analyst: US Sanctions 'May Not Kill Huawei'

Courtesy of Benzinga.

President Donald Trump signed an executive order Wednesday that limits how "foreign adversaries" conduct business with U.S. companies.

What Happened

The Department of Commerce said China's Huawei and 70 related companies will be included in the "Entity ...



http://www.insidercow.com/ more from Insider

Biotech

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

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

 

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

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

Courtesy of David M. Gilbert, Florida State University

...



more from Biotech

ValueWalk

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

By Jacob Wolinsky. Originally published at ValueWalk.

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

rawpixel / Pixabay

Friends and Fellow Investors:

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



more from ValueWalk

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...



more from Our Members

Mapping The Market

It's Not Capitalism, it's Crony Capitalism

A good start from :

It's Not Capitalism, it's Crony Capitalism

Excerpt:

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

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



more from M.T.M.

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 ...



more from OpTrader

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

...

more from Promotions





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...

Learn more About Phil >>


As Seen On:




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.

Market Shadows >>