Archive for 2018

Maryland House Passes $5BN Incentive Package Meant To Lure Amazon’s HQ2

Courtesy of ZeroHedge. View original post here.

In one of the most aggressive attempts to cajole Amazon into selecting their state as the location for the e-commerce giant’s second headquarters, the Maryland General Assembly just passed a bill offering the company a $5 billion incentive package should Amazon choose to settle in Maryland’s Montgomery County.

Montgomery County is competing with Washington DC, Northern Virginia and 17 other areas that made Amazon’s HQ2 “short list”, which was released earlier this year. Specifically, Amazon is eyeing the site of the former White Flint Mall.


The “Promoting ext-Raordinary Innovation in Maryland’s Economy,” or PRIME (yes that misplaced capitalization was intentional) would require Amazon to create at least 40,000 qualified jobs (with an average comp of at least $100,000). The company would also need to spend $4.5 billion on “eligible costs” like capital projects, the Baltimore Business Journal reported. 

After passing the House, the bill now passes to the desk of Maryland Gov. Larry Hogan.

As lawmakers see it, if Amazon chooses Montgomery County, the incentives will be worth the 50,000 jobs the company could bring to the county. If Amazon doesn’t, the state loses nothing.

Montgomery County, specifically a site encompassing the former White Flint Mall, is the only Maryland site on Amazon’s HQ2 short list. Maryland is competing with Washington, D.C., Northern Virginia and 17 other areas across the country for the 50,000 jobs and $5 billion investment the online retail and web services giant has promised with its second headquarters. Seattle-based Amazon is expected to fill at least 8 million square feet as it phases in HQ2 over the next two decades.

However, while the bill found broad support among Democratic state legislators, Republicans vehemently opposed it on the grounds that it amounted to a corporate giveaway. A legislative study found the bill would cost the state $5.5 billion in total revenue through 2054 – while the county would lose nearly $1 billion. However, that analysis doesn’t factor in any revenue generated by Amazon.

Opposition to the bill, largely from Republicans, was intense. They described the incentive — to include roughly $3 billion in property, income and sales tax credits and $2 billion in transportation improvements — as a “bribery package,” an “expensive pig in a poke,” as “craziness,” as “corporate welfare,” and as a “gold mine” for one of

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After Doubling US Debt In 8 Years, Yellen & Furman Fearmonger “A Debt Crisis Is Coming”

Courtesy of ZeroHedge. View original post here.

After doubling America’s national debt in the eight short years of President Obama’s reign – expanding benefits for all, and relying on a Federal Reserve with its knee-high jack boot firmly on the throat of interest-rates, thus supressing any derogatory signal among the every day noise - five former chairs of The White House Council of Economic Affairs turned up their hypocrisy dial to ’11′ in a stunning op-ed in The Washington Post tonight, warning of a debt crisis looming due to President Trump’s deficits

A debt crisis is coming. But don’t blame entitlements.

Martin Neil Baily, Jason Furman, Alan B. Krueger, Laura D’Andrea Tyson and Janet L. Yellen are all former chairs of the White House Council of Economic Advisers.

The U.S. unemployment rate is down to 4.1 percent, and economic growth could well increase in 2018. Consumer and business confidence is high. What could go wrong?

A group of distinguished economists from the Hoover Institution, a public-policy think tank at Stanford University, identifies a serious problem. The federal budget deficit is on track to exceed $1 trillion next year and get worse over time. Eventually, ever-rising debt and deficits will cause interest rates to rise, and the portion of tax revenue needed to service the growing debt will take an increasing toll on the ability of government to provide for its citizens and to respond to recessions and emergencies.

None of that is in dispute. But the Hoover economists then go wrong by arguing that entitlements are the sole cause of the problem, while the budget-busting tax bill that was passed last year is described as a “good first step.”

Entitlement programs support older Americans and those with low incomes or disabilities. Program costs are growing largely because of the aging of the population. This demographic problem is faced by almost all advanced economies and cannot be solved by a vague call to cut “entitlements” – terminology that dehumanizes the value of these programs to millions of Americans.

The deficit, of course, reflects the gap between spending and revenue. It is dishonest to single out entitlements for blame. The federal budget was in surplus from 1998 through 2001, but large tax cuts and unfunded wars have been huge contributors to our current deficit problem. The primary reason the deficit in coming years will now be higher than had
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Rockefellers Join Soros & Rothschilds In Cryptocurrency Investment Plans

Courtesy of ZeroHedge. View original post here.

Despite the collapse in cryptocurrency prices since the beginning of the year (bitcoin is down more than 60% and ethereum down more than 70% from their ATHs), more marquee investors have decided that now is the time to buy in.

Last week, we noted that George Soros had taken some time out from his battle of wills with Hungarian Prime Minister Viktor Orban to grant one of his underlings approval to begin trading in crypto. Adam Fisher – who oversees macro investing at New York-based Soros Fund Management – has reportedly received internal approval to trade virtual coins in the last few months, “though he has yet to make a wager.”

Soros’s involvement followed reports last year that the Rothschild family had waded into the space – first by purchasing bitcoin exposure via the Grayscale Bitcoin Trust.

Their involvement is a sign that regulators around the world might be relaxing their stance toward crypto, as one prominent crypto entrepreneur and investors pointed out

Rockefeller, Soros, and Rothschild money entering the cryptocurrency space….it sounds like regulations might be getting a bit more lax

— Charles Hoskinson (@IOHK_Charles) April 7, 2018

Now, the latest bold-faced investor to unveil plans to invest in the space is the Rockefeller family (the descendants of Standard Oil founder John Rockefeller). CoinTelegraph reports that the family’s venture capital fund has partnered with CoinFund to invest in “cryptocurrency and Blockchain business innovation”.

The news triggered a jump in crypto prices…


Sending bitcoin back above $7,000….

* * *

Here’s more, courtesy of CoinTelegraph.

Venrock, the official venture capital arm of the Rockefeller family, has partnered with crypto investment group Coinfund to support cryptocurrency and Blockchain business innovation, Fortune reported April 6.

image courtesy of CoinTelegraph.

Coinfund has recently added token-based financial services platform Coinlist, a spinoff of startup connection website AngelList, to the number of projects that it backs. Coinfund is also known for backing chat messenger app Kik, which raised almost $100 mln in the Initial Coin Offering (ICO) of its Kin token last fall. Fortune notes that Venrock and Coinfund met through their mutual investment in the live video streaming app maker YouNow.

When asked about Bitcoin’s (BTC) recent failure…
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US Congressman Pushes Bill To Reinstate Gold Standard

Courtesy of ZeroHedge. View original post here.

Authored by Lawrence Thomas via,

Recently, a new piece of legislation has been introduced by Republican Congressman from West Virginia Alex Mooneyto define the dollar as a fixed weight of gold.”

It is quite clear that bureaucrats are starting to take note of the war on the middle class as workers and savers are being squeezed thanks to inflation in this prolonged zero interest rate environment we have been living through.

In the bill, Mooney criticized monetary policy, in particular how purchasing power has eroded drastically ever since the gold standard was abolished.

The United States dollar has lost 30 percent of its purchasing power since 2000, and 96 percent of its purchasing power since the end of the gold standard in 1913. Under the Federal Reserve’s two percent inflation objective, the dollar loses half of its purchasing power every generation, or 35 years

Mooney goes on to describe the advantages of a link to gold:

The gold standard puts control of the money supply with the market instead of the Federal Reserve. The gold standard means legal tender defined by and convertible into a certain quantity of gold. Under the gold standard through 1913, the United States economy grew at an annual average of four percent, one-third larger than the growth rate since then and twice the level since 2000

The big question remains concerning the United States actually having its 8,1335.5 tons of physical gold as stated in its official reserves. There has been peculiar activity in the last few years with countries wanting to bring their gold holdings home, like Germany and Hungary.

The bottom line is, there has never been a very detailed audit on the US gold reserves which could be the reason why countries are starting to bring their gold home, and why this bill might never be passed.

Q1 Earnings Preview: Blockbuster Priced In; But Risk Of Disappointment Has Never Been Greater

Courtesy of ZeroHedge. View original post here.

During the past month of surging market volatility and spectacular, confidence-sapping rollercoaster moves in the S&P, the one backstop bullish market commentators have used time and again is that Q1 earnings season will be spectacular, an offset to all other bad news.

And, indeed, thanks to the passage of Trump’s corporate tax cuts in late Q4, analyst estimates for first quarter earnings have been revised higher by the most on record amount. According to Factset, the Q1 bottom-up EPS estimate has increased by 5.4% (to $36.24 from $34.37) during this period. On a year-over-year comparable basis, expectations for Q1 profits have risen from an expectation of 12.2% growth on Jan. 1 to 18.4% now, an increase of 6.2 percentage points as analysts have factored in the new tax law.

How significant is a 5.4% increase in the bottom-up EPS estimate during a quarter? How does this increase compare to recent quarters?  On average, the bottom-up EPS estimate usually decreases during a quarter. During the past five years (20 quarters), the bottom-up EPS estimate has recorded an average decline of 3.9% during a quarter. During the past ten years, (40 quarters), the bottom-up EPS estimate has recorded an average decline of 5.5% during a quarter. During the past fifteen years, (60 quarters), the bottom-up EPS estimate has recorded an average decline of 4.1% during a quarter.

In fact, Q1 of 2018 has marked the largest increase in the bottom-up EPS estimate during a quarter since FactSet began tracking the quarterly bottom-up EPS estimate in Q2 2002. The previous record for the largest increase in the bottom-up EPS estimate was 4.8%, which occurred in Q2 2004.

Still, while on the surface, Q1 will be a clear upward outlier, the reality is that most of it (and according to Morgan Stanley, more than all) has already been priced in. Which is a risk because as Reuters reports, while in Q1 corporate America will post its biggest quarterly profit growth in seven years, rising by just over 18% Y/Y…

… even the smallest disappointments could add to further upset the fragile market.

And as noted above, investors have counted on corporate profits – the standing silver lining to the broader market – to provide support as the market endured dramatic swings in recent weeks…
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An Early Bull$hit Call On Tomorrow’s CBO Report

Courtesy of ZeroHedge. View original post here.

Authored by Daniel Nevins via,

Tomorrow we’ll get the Congressional Budget Office’s first look at the budgetary consequences of Donald Trump.

That is, the CBO will release its 10-year budget outlook, which was delayed by a few months to allow enough time to assess recent legislation.

Expect the media to respond in a variety of ways, including matter-of-fact reporting and editorials slamming Trump and the GOP for fiscal profligacy. But whatever the perspective, most responses will have one thing in common – they’ll accept the CBO’s figures as being accurate and authoritative.

To which we call bull**** – past CBO projections have been hugely overoptimistic, and there’s little reason to expect improvement in the future.

Projections or Deceptions?

The problem is twofold. First, the CBO’s governing statutes all but require a dishonest look at America’s finances. For example, the statutes don’t allow the CBO to account for tax breaks that Congress routinely extends on a year-to-year basis. Congress knows they’ll renew the tax breaks, we know that they know, they know that we know that they know, and so on, but the CBO is required to strap on a blindfold and build its “baseline” projection on only existing law.

Or we could look at the equally inevitable bailouts and stimulus packages that Congress will surely agree in response to future economic setbacks. Bailouts and stimulus lifted deficits historically by about the same amount (on average) as supplemental appropriations, but they’re similarly disallowed from the baseline.

Putting together the various constraints on what the CBO is and isn’t allowed to show, it’s no exaggeration to call its baseline an Enron-like fraud. If a corporation were to produce the same analysis, it would fall well short of private-sector practices. And just to be clear, the problem isn’t the CBO’s doing—it’s how Congress wants projections reported and for what some might call nefarious reasons.

What Volatility?

The second part of the problem is that the baseline doesn’t include economic fluctuations on the same scale that we actually experience them. In fact, it didn’t include fluctuations at all until 2013, when the CBO’s economists added a tiny adjustment to account for recessions. But in our view, the adjustment isn’t nearly as large as it should be, and we’ll use a single chart to show why.

Here are forty years…
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Why Businessmen Don’t Make Good Politicians

Courtesy of ZeroHedge. View original post here.

Submitted by Chris Calton of the Mises Institute

It is a common fallacy, particularly (but not exclusively) among the conservative right, that if a person is successful in business, he or she must have the requisite knowledge to make wise decisions regarding economic policy. This, unfortunately, is dangerously naive.

In his Theory of Money and Credit, Ludwig von Mises argued that

There are no grounds for ascribing authoritative significance to the opinions of business men; for economics, these opinions are nothing more than material, to be worked upon and evaluated. When the business man tries to explain anything he becomes as much a “theorist” as anybody else; there is no reason for giving a preference to the theories of the practical merchant or farmer.

In reality, the role of the entrepreneur and the role of the economist are wholly different. For the entrepreneur to be successful, he or she must forecast the future with a degree of accuracy. Calculations and production made in the present are only profitable if they are made with proper estimations about the future.

But these predictions often have to do with nothing more than estimating market demand. For established industries, these estimations are easier to make, but competition is also much tighter, so significant success in these industries is the product of finding a more efficient manner of production. For new industries, this estimate is a demand that exists in the abstract, by providing a product that solves a problem that was previously unsolvable. Henry Ford famously quipped that if he had asked what people wanted, they would have said faster horses.

Entrepreneurial foresight is a valuable skill to be sure. It does not, however, indicate any real understanding of economics. The reason that the right is particularly prone to the fallacy that the businessman is likely to be more economically knowledgeable is because they equate something that is good for business with something being good for the economy as a whole (this can be recognized as the “Fallacy of Composition”).

It is possible that a policy will be good for a given business and the economy both, but it is equally possible that a police will favor a specific business while harming the overall economy. Furthermore, running the economy like a business is likely to be particularly…
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Preliminary Nafta Deal Won’t Be Ready In Time For Pan-American Summit

Courtesy of ZeroHedge. View original post here.

The three ministers responsible for representing their respective countries during the seemingly never-ending Nafta talks (what round of talks is this, anyway? Third? Fourth? We forget…) met in Washington on Friday for a last-minute push toward the elusive “agreement in principle” that President Trump had hoped to unveil at this week’s pan-American summit in Lima, Peru.

However, despite the White House’s willingness to cave on one of its most controversial demands pertaining to automobile tariffs, the three sides once again failed to come to a consensus regarding the broad strokes of the deal. Now, Reuters is reporting that – while significant progress has been made this week – talks between the three countries aren’t advanced enough for a big announcement at this week’s summit, according to two people familiar with the discussions.

Talks to rework the North American Free Trade Agreement (NAFTA) are not advanced enough for the United States, Mexico and Canada to announce a deal “in principle” at this month’s Summit of the Americas in Lima, according to two people familiar with matter.

The ministers responsible for NAFTA met on Friday in Washington, and said progress had been made on reworking the accord.

But there was still too much to do unveil an agreement at the April 13-14 summit, the sources said, speaking on condition of anonymity due to the sensitivity of the matter.

U.S. President Donald Trump, his Mexican counterpart Enrique Pena Nieto and Canadian Prime Minister Justin Trudeau are due to attend the Lima gathering, and officials have held out hope for substantive progress on the renegotiation before the meeting.

Spokespeople for the Mexican economy ministry and Canada’s foreign ministry declined to comment. A spokeswoman for the office of US Trade Representative Robert Lighthizer did not respond to a request for comment on Sunday.

Of course, this isn’t the first time the White House has hinted at the possibility of a breakthrough, only for it to swiftly be made apparent that the three sides remain about as far apart as they’ve ever been.

Lighthizer said last month that a deal would be forthcoming in the “next little bit.” However, his Mexican and Canadian counterparts have been much more circumspect.


Trump said Thursday that the three sides were “very hard” on NAFTA and that he expected…
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‘Markets Message Indicator’ Signals “Proceed With Caution”

Courtesy of ZeroHedge. View original post here.

With the S&P 500 hovering at its 200-day moving-average critical technical support and down for the 4th week of the last 6 (including the first quarterly loss in over two years), signs of stress are cropping up across all asset classes as Leuthold Weeden Capital’s Jim Paulsen exposes with his “Markets Message Indicator.”

As Bloomberg reports, the index, which tracks five different data points: how the stock market is performing relative to the bond market, cyclical stocks relative to defensive stocks, corporate bond spreads, the copper-to-gold price ratio, and a U.S. dollar index -  with the goal of being a proxy for broad market stress.

“Perhaps the Markets Message Indicator peak in January will prove only temporary. However, its current warning comes when the indicator is near the peaks of 2000 and 2007,” Paulsen wrote in a note to clients this week.

“That is, it suggests investor confidence and aggressiveness ‘across all financial markets’ is nearly as pronounced today as it was at the last two major stock market tops.”

What is perhaps most worrisome is the recent “chaos” in the stock markets has barely made a dent in the level of excessive exuberance based on this index.

“Historically, this indicator has not been infallible, but its periodic cautionary advice has been extraordinary since at least 2000,” Paulsen wrote.

“At a minimum, equity investors should not limit their attention simply to the struggles and messages coming from the stock market. Rather, chatter from all financial markets should be considered and currently they are jointly whispering to ‘proceed with caution!’”

Caution indeed.

Trade War ‘Game On’ – “There’s No Walking Away… Until Something Serious Happens”

Courtesy of ZeroHedge. View original post here.

Authored by Economic Prism’s MN Gordon, annotated by Acting-Man’s Pater Tenebrarum,

Interesting Times Arrive

“Things sure are getting exciting again, ain’t they?”  The remark was made by a colleague on Tuesday morning, as we stepped off the elevator to grab a cup of coffee.

Ancient Chinese curse alert… [PT]

One moment markets are gorging on financial slop like fat pigs in mud.  The next they’re collectively vomiting on themselves. I’ll tell you one thing.  President Trump’s trade war with China won’t end well.  I mean, come on.  China’s outplayed the U.S. at this game for over a quarter century.  They have the upper hand.

“Besides, what’s the point?  If we no longer buy stuff from China, then how will China buy Uncle Sam’s debt?  And the timing for all this couldn’t be worse.  Deficits are spiraling out of control.  We’re talking $1 trillion or more a year for the next decade.  I don’t see any way out of this quagmire, do you?

“Printing money to buy government debt is no solution at all.  And a trade war will just hasten America’s insolvency.  What is it that Trump thinks he’ll accomplish, anyway?

“I’ve also heard that China’s tickled the debt poodle way more than we have.  So they may be worse off at absorbing an economic shock than us.  But I wouldn’t bet my life on it.

“Obviously, like I said, this won’t end well.  Yet there’s no turning back now. The trade war genie’s already out of the bottle.  That’s easy enough to see.  And maybe President Trump is right, and a trade war with China is warranted.

A joint hanging venture… [PT]

“But in the end, something big – like a massive fighting war or worldwide depression – will need to happen before this genie can be put safely back inside the bottle.  How do I know this?

“I know this because this is how these peacocks on the walk contests always play out.  The invisible line has been crossed.  Trump and Xi Jinping have both gone all in. There’s no backing up.  There’s no walking away.  They’ll keep chest bumping each other until something serious happens.  Then it will really be game on.”

It cries out for funding… the federal debtberg in all its glory. [PT]

Integration and Disintegration

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Zero Hedge

Auto Shares Surge As Fiat, Renault Confirm Merger Talks

Courtesy of ZeroHedge. View original post here.

With President Trump in Japan for a state visit and most of Europe headed to the polls to vote in the quinquennial EU Parliamentary elections, there was enough news to keep market watchers occupied during what was supposed to be a quiet holiday weekend in the US. 

But on top of these political headlines, on Saturday afternoon, the news broke that Italian-American carmaker Fiat Chrysler had approached France's Renault with a merger proposal that would leave the shareholders of each carmaker with half of the combined company, in a tie-up that would create the world's third-largest au...

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Phil's Favorites

Trump and the problem with pardons


Trump and the problem with pardons

Courtesy of Andrew Bell, Indiana University

As a veteran, I was astonished by the recent news that President Trump may be considering pardons for U.S. military members accused or convicted of war crimes. But as a scholar who studies the U.S. military and combat ethics, I understand even more clearly the harmful long-term impact such pardons can have on the military.

My researc...

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Insider Scoop

Jefferies Sees 60-Percent Upside In Aphria Shares, Says Buy The Dip

Courtesy of Benzinga.

After a red-hot start to 2019, Canadian cannabis producer Aphria Inc (NYSE: APHA) has run out of steam, tumbling more than 31 percent in the past three months.

Despite the recent weakness, one Wall Street analyst said Friday that the stock has 30-percent upside potential. 

The Analyst

Jefferies analyst ... more from Insider

Kimble Charting Solutions

DAX (Germany) About To Send A Bearish Message To The S&P 500?

Courtesy of Chris Kimble.

Is the DAX index from Germany about to send a bearish message to stocks in Europe and the States? Sure could!

This chart looks at the DAX over the past 9-years. It’s spent the majority of the past 8-years inside of rising channel (1), creating a series of higher lows and higher highs.

It looks to have created a “Double Top” as it was kissing the underside of the rising channel last year at (2).

After creating the potential double top, the DAX index has continued to create a series of lower highs, while experiencing a bearish divergence with the S...

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Chart School

Brexit Joke - Cant be serious all the time

Courtesy of Read the Ticker.

Alistair Williams comedian nails it, thank god for good humour! Prime Minister May the negotiator. Not!

Alistair Williams Comedian youtube

This is a classic! ha!

Fundamentals are important, and so is market timing, here at we believe a combination of Gann Angles, ...

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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 ...

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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


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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 ...

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Members' Corner

Despacito - How to Make Money the Old-Fashioned Way - SLOWLY!

Are you ready to retire?  

For most people, the purpose of investing is to build up enough wealth to allow you to retire.  In general, that's usually enough money to reliably generate a year's worth of your average income, each year into your retirement so that that, plus you Social Security, should be enough to pay your bills without having to draw down on your principle.

Unfortunately, as the last decade has shown us, we can't count on bonds to pay us more than 3% and the average return from the stock market over the past 20 years has been erratic - to say the least - with 4 negative years (2000, 2001, 2002 and 2008) and 14 positives, though mostly in the 10% range on the positives.  A string of losses like we had from 2000-02 could easily wipe out a decades worth of gains.

Still, the stock market has been better over the last 10 (7%) an...

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Mapping The Market

It's Not Capitalism, it's Crony Capitalism

A good start from :

It's Not Capitalism, it's Crony Capitalism


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...

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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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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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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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