Author Archive for Zero Hedge

How To Hack The Price Of A Hotel Suite

Courtesy of ZeroHedge. View original post here.

Submitted by Priceonomics

Suites are the crown jewel of the hotel experience: generally, they’re more spacious, more meticulously appointed, and well-suited to house larger groups looking to share a space. 

There’s only one problem: they’re typically a lot more expensive than standard hotel rooms. But that is that always the case?

We analyzed data from Priceonomics customer Suiteness, a site that lets you book hotel suites. We looked at the price of traditional hotel suites, compared to an interesting hack called the “connecting suite” -- suite configurations where more than one bedroom is connected to the living area of a suite — that is typically a lot cheaper. We also looked the price of these suites compared to vacation rentals in top American travel cities.

How much more affordable is a connector suite than a traditional two-bedroom suite? How do these rates compare with a two-bedroom vacation rental? How about two separate hotel rooms?

In this post, we’ll dive deep into our findings — but here’s a quick overview:

Summary of findings

  • Booking a “hacked” suite with a connector room ($1,484), is nearly half the price of a traditional two-bedroom suite ($2,665) over two weekend nights. That’s $1,181 cheaper.

  • In New York, you can save an average of $5,409 over two weekend nights by booking a suite with a connector room instead of a two-bedroom suite.

  • Airbnb appears to be marginally cheaper than hotel rooms and suites — though these bookings often come with extra cleaning fees and platform fees that can boost the price up a few hundred dollars over a two-day stay.

A quick note on methodology

Suiteness specializes in accommodations for groups of four or more, so we decided to compare five different two-bedroom options: a suite, a connector suite, two separate hotel rooms, an Airbnb, and a VRBO. 

The suite data was sourced from Suiteness, the data for hotel rooms from Expedia, and the data from Airbnb and VRBO from those respective platforms. For each dataset, we gathered rates for high and low seasons and calculated the average between the two for a two weekend nights.

Lastly, for our analysis, we focused on the nine markets for which we had the most data on: New York, Los Angeles, Chicago, San Diego, San Francisco, D.C.,…
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China’s Terrifying “Social Credit” System Has Already Blocked 11 Million From Taking Flights

Courtesy of ZeroHedge. View original post here.

China’s terrifying ‘social credit’ system, which is a rating assigned to each citizen based on government data regarding their economic and social status, has effectively blocked more than 11.14 million flights and 4.25 million high-speed train trips at the end of April, according to a senior government official.

Government officials first announced the proposal for a social credit system in 2014 — where each Chinese citizen would be rated according to their online, social, financial, and legal behavior. Misdeeds, such as late credit card payments, criminal record, jaywalking, using fake IDs, refusal to sign up for required insurance, and failing to pay taxes, could result in a travel ban for an extended period. The penalty for misdeeds went into full effect in May.

China’s Social Scoring System

The government decides who gets these goods and services:

It is still unknown which misdeeds the government cracked down on to induce such a large number of travel bans within the country. Former deputy director of the development research center of the State Council, Hou Yunchun, is quoted by the Global Times as saying the system needs a few more tweaks so that “discredited people become bankrupt.”

“If we don’t increase the cost of being discredited, we are encouraging discredited people to keep at it,” Hou was quoted by Sina Finance at an annual credit development forum in Beijing on Saturday.

In addition to blocking the flights and trains, the Global Times noted that the names of 33,000 companies which violated laws had been shamed on a public list, said Meng Wei, spokeswoman for the National Development and Reform Commission, via news website chinanews.com. Those on the list could be denied loans, grants, and other forms of government assistance, Wei added.

“Hou’s phrase that the ‘discredited people become bankrupt’ makes the point, but is an oversimplification,” Zhi Zhenfeng, a legal expert at the Chinese Academy of Social Sciences in Beijing, told the Global Times.

“How the person is restricted in terms of public services or business opportunities should be in accordance with how and to what extent he or she lost his credibility.”

“The punishment should match the deed.”

“Discredited people deserve legal consequences.”

“This is definitely a step in the right direction to building a society with credibility.”

Since the launch of the ‘social…
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Signs From The Peak: Carlyle Group’s Rubenstein Admits “Never Been Easier” To Raise Money

Courtesy of ZeroHedge. View original post here.

In the latest indication of just how much money is sloshing around the global financial system after nine years of unceasing central bank asset purchases, Carlyle Group co-founder David Rubenstein admits that it’s “never been easier” to raise money.

In an interview with Bloomberg News, Rubenstein said he’s seeing more money flowing into private equity right now than at any point during his three-decade career, even as the facile “global synchronous recovery” narrative is unraveling.

Rubenstein

He added that raising money is “one of the biggest trends” in asset management, he said. Of course, when investors are handing out money to anybody with a CFA, that’s a clear warning to be careful.

The private equity industry brought in $453 billion globally in 2017, according to Preqin data cited by Bloomberg. And that sum is expected to climb as higher yields push investors to look for better returns.

Carlyle alone is purportedly on track to meet a four-year fundraising goal of $100 billion by the end of 2019, Rubenstein said. He expects to raise $25 billion this year, following $43.3 billion raised in 2017.

“When you take a look at what the biggest trends are right now, number one: There is a lot of money that’s being raised,” Rubenstein said at a conference hosted by the Investment Company Institute in Washington Tuesday.

“It’s easier to raise money than anytime I’ve been in the business over the past 30 years or so.”

Of course, nobody can say with certainty where exactly we are in the business cycle (for all we know, we could be in the middle of the longest expansion on record, or the recession could be just around the corner). But not everybody shares Rubenstein’s optimism. Bank of America’s Michael Hartnett said in his latest report that we are now “so long in the vermouth” that the late-cycle is getting “tipsy”.

And when growth falters, there isn’t much the Fed will be able to do. As the chart shows, we’ve reached peak policy stimulus as the unemployment rate has fallen to its lowest level in a decade.

Policy

And the liquidity supernova that has kept asset prices inflated is due to disappear as central banks start reducing their asset purchases.

Supernova

But Rubenstein’s firm likely stands to benefit in…
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Decades Of Unconstitutional Wars

Courtesy of ZeroHedge. View original post here.

Authored by Adam Dick via The Ron Paul Institute for Peace & Prosperity,

Despite United States Congress members insisting that Congress debate and vote on US military actions overseas, congressional leadership has chosen inaction, allowing military actions unilaterally pursued by the executive branch to continue unrestrained.

And, when, this year, consideration has begun to move forward on an authorization for use of military force (AUMF), it is in the form of legislation (S.J.Res. 59) sponsored by Senate Foreign Relations Committee Chairman Bob Corker (R-TN) that would rubber-stamp the US government’s existing wars and sweepingly authorize the executive branch to choose to pursue much more additional military action across the world.

How did we reach this situation so far removed from the US Constitution’s dictate that Congress alone decides if the US goes to war, as well as what is the scope of any such wars? Constitutional scholar Louis Fisher examines this question in detail in his article “Unconstitutional Wars from Truman Forward” in the latest issue of the Center for the Study of Statesmanship’s journal Humanitas.

In his article, Fisher, who is a member of the Ron Paul Institute Academic Board, lays out the clear direction in the Constitution that it is Congress alone that has the power to place the US into war as well as to define the limits of any war it authorizes. Fisher supports this argument with a discussion of both the wording of the Constitution and context including statements of Founding Fathers.

The legislature’s power over war, Fisher notes, was recognized in the judiciary in the early years of the US. As an example, Fisher discusses an 1804 US Supreme Court decision requiring the payment of damages for a US naval captain seizing a Danish ship that was sailing from a French port. President John Adams, in ordering the seizing of ships sailing to or from French ports in the Quasi-War, had ordered actions beyond the scope of congressional authorization that only said ships could be seized that were sailing to French ports.

Then, in 1936, the US Supreme Court decision in the case United States v. Curtis-Wright Export Corporation included dicta (comments made in a decision though not part of the decision’s holding or the reasoning used to reach the holding) supporting expansive presidential power to…
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Petroyuan Is Only The Beginning, Pop Goes The Metals Market

Courtesy of ZeroHedge. View original post here.

Authored by Tom Luongo,

No boom today.  Boom tomorrow.  There’s always a boom tomorrow”

— Susan Ivanova “Babylon 5”

When Hong Kong Exchanges and Clearing (HKEX) bought the London Metals exchange in 2012 all the speculation was about the effects on gold trading.  The primary reason for buying the LME was to obtain its warehouses and ensure a free flow of metals to points east.

What it also did was give them control over what type and kind of futures contracts could be traded on their exchanges.  No longer would the west control this very important part of the precious and industrial metal supply chain.

Now we’re seeing the next evolution of the power of owning the exchange.   After successfully launching a yuan-denominated gold futures contract last year, the LME is now preparing to issue a range of yuan-denominated metals futures.

In other words… Boom.

First Rule: Do No Harm

When China bought the LME the usual suspects in the contrarian investing community talked about the coming apocalypse for the bullion banks.  It never happened. In fact, China was in a position to help them cap the price of gold and extend the gold bear market for the past six years while it and its strategic partners, namely Russia, accumulated vast quantities of the world’s most important metal.

The Chinese were smart. Take over the LME and, for a while, change nothing. Don’t upset the apple cart and allow markets to operate mostly normally.  Now their ownership of the LME is not an issue.

Until now.  First gold trading in Yuan. Now the rest of the metals.

We’ve all been breathlessly focused on how strong the so-called ‘petroyuan’ oil futures contract has been for the Shanghai Exchange.  It has captured more than 12% of the total oil futures market in just under two months.  That’s incredible.

It tells us there was substantial demand for this product because many in the world were tired of being exposed to U.S. dollar currency risk to buy oil.  Now that business is gone.

Moreover, the more successful the contract becomes the more belligerent the foreign policy rhetoric from the Trump administration on trade and sanctions becomes.

Parallel Escalation

There’s a reason why this Sturm and Drang is coming from the Trump administration on trade and tariffs now.  Trump needs
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Canadian Banks See Mortgage Growth Stall As Interest Rates Rise

Courtesy of ZeroHedge. View original post here.

As anybody who was around for the housing collapse will remember, nothing bursts a bubble in home prices faster than rising mortgage rates. And while US home prices have surpassed their pre-crisis peak, Canadian home prices have risen much more quickly than home prices in the US, and what’s more, they didn’t see nearly as large of a pullback during the crisis.

Housing

Instead, they’ve ridden a wave of hot foreign money to all time highs…

Canada

…in the process, leaving housing and construction as one of the focal points of the Canadian economy.

But in the latest sign that home prices could be due for a pullback, Royal Bank of Canada and Toronto-Dominion Bank reported that mortgage lending fell sharply during the fiscal second quarter, compared with a year earlier.

However, a spike in business lending has helped soften the blow to the bank’s bottom line.

But yields on 10-year Canadian bonds have moved higher since the end of last quarter, meaning mortgages would be more expensive now than then.

Business

One analyst said it’s good that the banks are finding more business customers, because with the Bank of Canada and the Federal Reserve raising interest rates, Canadian banks shouldn’t rely on growth from the consumer end.

“It’s really a favorable macro-economic environment in Canada and the U.S. right now that’s driving really healthy business demand,” Shannon Stemm, an analyst with Edward Jones & Co., said in a phone interview.

“It’s a smart pivot for some of these banks to really focus in on their efforts on the business side when you think about the looming risks and the fact that they’re potentially not getting credit for the growth on the consumer side.”

Other Canadian banks, including the Canadian Imperial Bank of Commerce, which saw its slowest mortgage loan growth in three years during the last quarter, are bracing for consumer loans to shrink.

Three

And while this could be the start of a badly needed deleveraging, it’s equally likely that this could snowball into a debt crisis. The Bank of Canada has recognized these threats, with Stephen Poloz citing housing prices and personal debts as threats to the economy. But that hasn’t stopped him from hiking rates.





Jeff Gundlach Defends Technical Analysis

Courtesy of ZeroHedge. View original post here.

Authored by Robert Huebscher via AdvisorPerspectives.com,

Criticism of technical analysis ranges from bemused skepticism to claims of harebrained alchemy. Few investors as well-respected as Jeffrey Gundlach admit to using it. But yesterday, he explained why he relies on technical analysis under certain conditions.

Gundlach is the founder and chief investment officer of Los Angeles-based DoubleLine Capital. He spoke to investors via a conference call at 4:15pm on May 22. The focus of his talk was DoubleLine’s fixed-income closed-end funds, DBL and DSL. There were no slides accompanying his presentation.

Technical analysis will work some of the time and fail some of the time, according to Gundlach. It works when the market’s resistance and support levels are “in sync” with sentiment signals, he said.

“When those things marry together,” Gundlach said, “technical analysis works 70% of the time.”

Gundlach said that he’s been investing professionally for 35 years, and has outperformed the market 75% to 80% of the time. Half of that has been due to technical analysis, and half due to fundamentals and understanding investor psychology and human nature.

Technical analysis and resistance levels were the primary topic in Gundlach’s previous webcast. He said then that if the 30-year Treasury bond breaks through the 3.22% level, it would be a stronger signal of higher rates than if the 10-year yield rises above 3%.

Yesterday, he clarified that call. He said that for the 30-year yield to break the 3.22% level, it would have to close above that on two consecutive days. It closed above 3.22% on May 17 when it hit 3.25%, but the 30-year yield has not yet breached 3.22% on two consecutive closes.

It closed at 3.21% yesterday.

“Don’t get bearish on rates unless 3.22% is breached,” Gundlach warned yesterday.

He said the long bond and technical analysis are what matters. “The last reason to suggest we are in a bond bull market is based on the charts.”

The 10-year yield will be “contained” if 3.22% is not broken on the 30-year, he said. “If it is broken, then the 30-year yield will go to 4%.”

Could the Fed lose control of rates? Gundlach said that could happen only if there is a surprise jump in inflation, such as the CPI going to 3.5%. The yield curve would steepen…
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Here’s What Happened When Two Democrat States Banned Bump Stocks

Courtesy of ZeroHedge. View original post here.

Submitted by Matt P. by The Political Insider,

Most people didn’t know what a “bump stock” was before the massacre in Las Vegas last year, where a gunman opened fire on a crowd of concertgoers at the Route 91 Harvest music festival.

It was revealed that the shooter had used bump stocks to make his semi-automatic weapons fire at a rate more resembling automatic fire. Automatic weapons have been banned in America since 1934, and many have called for a ban on bump stocks as a result.

There was some discussion of doing so at a federal level, but like every other potential gun control measure, it ended up going nowhere. Instead, a few States have decided to ban them on their own. New Jersey and Massachusetts are among them, banning bump stock purchases, and requiring all outstanding bump stocks to be turned in. The gun accessory isn’t all too common, and there are only 8,500 bump stocks in Massachusetts, and 5,600 in New Jersey.

The problem for regulators is that there isn’t a record of who owns them, so they’ve had to rely on citizens voluntarily turning in their bump stocks to comply with the law.

Massachusetts and New Jersey are both heavily liberal States, and yet virtually nobody turned in their bump stocks. Only three people did in Massachusetts, while a total of zero did in New Jersey.

Bump stock bans are currently awaiting governor’s signatures in Hawaii and Connecticut, and Delaware and Rhode Island are set to ban them soon too. A gun control proponent may argue that despite the impossibility of confiscating all the current bump stocks in circulation, a ban on sales prevents the supply from growing.

Regardless, the real lesson here is that any gun confiscation schemes the Left may cook up would never be obeyed if attempted. If gun owners in far-left States won’t even turn in a gun accessory, what could of gun control measure would owners comply with?

Probably none.





North Korea Comes Crawling Back: Stresses “Desperate Need” For Summit “Whenever, However”

Courtesy of ZeroHedge. View original post here.

It appears that Trump “jilted North Korean lover” approach may have been just what the doctor ordered.

Literally minutes after we said that most experts expected a violent, angry outburst from North Korea’s president in response to Trump’s unexpected cancellation of the Singapore June 12 summit, such as this comment from Senator Jack Reed…

Spoke w/ @BloombergTV’s @kevcirilli about Pres Trump pulling out of planned nuclear summit w/ North Korea & how if Pres Trump had taken a more considered approach to Mr. Kim’s initial offer for a summit, we wouldn’t be in this position.https://t.co/vY7HOiFYXf

— Senator Jack Reed (@SenJackReed) May 24, 2018

a shocked North Korea is virtually begging for a meeting.

In a statement issued by state-run Korean Central News Agency, citing Vice Foreign Minister Kim Kye Gwan, North Korea announced it was willing to sit with the U.S. “whenever, however” through any method to try to resolve the outstanding issues.

Gwan said that whereas President Trump’s announcement to one-sidedly cancel the planned summit is unexpected and very regrettable, “North Korea’s goal and will to do everything for peace and stability of the Korean peninsula and mankind remains unchanged, and we are always willing to give time and opportunity to the US side with a big and open mind,” according to the statement. He added that “We express our intent that there is a willingness to sit at any time, in any way to resolve issues” and noted that President Trump’s decision to cancel the summit is “not what the world wants” and the summit is necessary to resolve the current hostile bilateral relationship.

Furthermore, North Korea appears to be backtracking on the recent diplomatic escalation and has effectively apologized, stating that “its previous remarks regarding the U.S.-North Korea summit had been in protest against strong US remarks towards North.

While we await the full KCNA statement, here are the key bullet points courtesy of Reuters and Bloomberg:

  • NORTH KOREA SAYS TRUMP’S SUMMIT CANCELLATION IS UNEXPECTED
  • NORTH KOREA SAYS IT’S WILLING TO MEET WITH U.S. AT ANY TIME
  • NORTH KOREA SAYS IT IS STILL WILLING TO RESOLVE ISSUES WITH UNITED STATES WHENEVER, HOWEVER
  • NORTH KOREA SAYS U.S.-N.KOREA SUMMIT IS NECESSARY TO RESOLVE CURRENT HOSTILE BILATERAL RELATIONSHIP


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“Landlord Nation” & The New Supply-Side Of Housing

Courtesy of ZeroHedge. View original post here.

Via Global Macro Monitor,

David Stockman tweeted the following Zero Hedge chart this morning.

Clearly, a shift in the supply curve for new homes to the left.

OK  – and some buying at irrational prices fueled by artificially low-interest rates and excess money.  The irrational panic buying will take care of itself as interest rates rise and the Fed reduces its balance sheet making money tighter.

This is not the highly leveraged housing market of 2006-07, where even our range boy at the local golf club owned three mortgaged homes, quit his job, and bought an Escalade financed by a home equity loan (true story).   This market is driven primarily by restricted supply and will be more difficult to pop.  The price adjustment will also take place over a much longer period.

The New Supply-Side Economics Is Not Good

We have written how private equity has taken a yuuuge supply of existing homes off the market through their mega 2012-14 bankruptcy purchases, and now rent out the homes to the same people they foreclosed on.  Existing housing is a perfect substitute for new homes.

Rising Costs

The rising costs of building, primarily labor shortages in the construction sector, and restrictive zoning laws are constraining building and the supply of new homes.

The lack of enough skilled workers and a narrow talent pipeline has added extra hurdles, time, and costs to many current projects, according to builders, hindering the current boom time in the industry.

“The number one issue is the cost and availability of labor,” says Randy Strauss, owner of Strauss Construction in Amherst, Ohio, roughly 40 miles east of Cleveland.

The issue is a nationwide one. Contractors in areas such as Houston, which were battered by Hurricane Harvey last year, have struggled to staff up, and the National Association of Home Builders recently found that 82 percent of its members believe the cost and availability of labor are their biggest issues. In 2011, only 13 percent named labor costs as their biggest worry.  — Curbed

The immigration crackdown has played a significant role in the labor shortage in the construction sector.

One study from the National Bureau of Economic Research found that over 1.1 million undocumented immigrants, many of them skilled in essential trades such as framing, work in the construction industry. 


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Phil's Favorites

The US overtakes Hong Kong to rank first among world's most competitive economies

 

The US overtakes Hong Kong to rank first among world's most competitive economies

The US has broken back into the lead. shutterstock.com

Courtesy of Arturo Bris, IMD Business School

The US has leapfrogged Singapore and Hong Kong to top IMD’s latest World Competitiveness Rankings. The top five most competitive economies in the world remain the same since 2016, but their order has changed. With the US at the top, Hong Kong has dropped one spot to second and Singapore remains third. Germany has fallen two spots to 15th and the UK has slipped one position to 20th.

We compile the rankings using 258 ...



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Zero Hedge

How To Hack The Price Of A Hotel Suite

Courtesy of ZeroHedge. View original post here.

Submitted by Priceonomics

Suites are the crown jewel of the hotel experience: generally, they’re more spacious, more meticulously appointed, and well-suited to house larger groups looking to share a space. 

There’s only one problem: they’re typically a lot more expensive than standard ho...



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Chart School

Second Day of Bullish Defense

Courtesy of Declan.

The market had initially reacted to Trump's decision to cancel his North Korean summit before coming to its senses and finishing where it left off yesterday.

For the Russell 2000 it was a bullish doji to follow the 'hammer'; those brave enough to buy the morning dip will be feeling confident as technicals remain bullish.

...

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Insider Scoop

A Peek Into The Markets: US Stock Futures Down Ahead Of Economic Data

Courtesy of Benzinga.

Related SPY The Market In 5 Minutes: GE, Tariffs, Summit, Jobless Claims And More Analysts Weigh In On US-China Trade Developments...

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Digital Currencies

How the US Government Could Effectively Use Crypto

The US government could start, or officially endorse an existing crytpo coin. What they would do is build a fee into the software protocol that went to a single address that they control. This is effectively a tax. The fee could be a transaction fee, a percentage of the next block award, or a combination of both. How this works is every single transaction that occurs everywhere wihtin the system, the fee scalped goes directly to this single address that is owned by the IRS, in this case, the "New-IRS." Forget postcards. We're down to a single dude in one office chair in front of one computer. Imagine that being the IRS, because that's where this is going. The consequences of this mechanism are dramatic. First off the IRS is now one guy. Granted, this guy controls the private key for the most valuable thing in the world. This key would be the single most important key right up there with the nuclear launch code, but the system would most definitely still work. More strikingly, the US...

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Biotech

Could this be the year for a Canadian Breakthrough Prize in Life Sciences?

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

 

Could this be the year for a Canadian Breakthrough Prize in Life Sciences?

Courtesy of John Bergeron, McGill University

In 2013, Kyoto University’s Shinya Yamanaka was awarded one of the first Breakthrough Prizes in Life Sciences for his discovery of “induced” stem cells that enabled researchers to convert adult cells back into stem cells.

The Breakthrough Prize is not to be sneezed at. Founded in 2013, the prize “honours transformative advances toward understanding living systems and extending human life.” It’s also the most financially attractive aw...



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ValueWalk

Buffett At His Best

By csinvesting. Originally published at ValueWalk.

Bear with me as I share a bit of my history that helped me create SkyVu and the Battle Bears games. The University of Nebraska gave me my first job after college. I mostly pushed TV carts around, edited videos for professors or the occasional speaker event. One day, Warren Buffet came to campus to speak to the College of Business. I didn’t think much of this speech at the time but I saved it for some reason. 15 years later, as a founder of my own company, I watch and listen to this particular speech every year to remind myself of the fundamentals and values Mr. Buffett looks for. He’s addressing business students at his alma mater, so I think his style here is a bit more ‘close to home’ than in his other speeches. Hopefully many of you find great value in this video like I have. Sorry for the VHS...



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Kimble Charting Solutions

The Stock Bull Market Stops Here!

 

The Stock Bull Market Stops Here!

Courtesy of Kimble Charting

 

The definition of a bull market or bull trends widely vary. One of the more common criteria for bull markets is determined by the asset being above or below its 200 day moving average.

In my humble opinion, each index above remains in a bull trend, as triple support (200-day moving averages, 2-year rising support lines, and February lows) are still in play ...



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Members' Corner

Cambridge Analytica and the 2016 Election: What you need to know (updated)

 

"If you want to fundamentally reshape society, you first have to break it." ~ Christopher Wylie

[Interview: Cambridge Analytica whistleblower: 'We spent $1m harvesting millions of Facebook profiles' – video]

"You’ve probably heard by now that Cambridge Analytica, which is backed by the borderline-psychotic Mercer family and was formerly chaired by Steve Bannon, had a decisive role in manipulating voters on a one-by-one basis – using their own personal data to push them toward voting ...



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Mapping The Market

The tricks propagandists use to beat science

Via Jean-Luc

How propagandist beat science – they did it for the tobacco industry and now it's in favor of the energy companies:

The tricks propagandists use to beat science

The original tobacco strategy involved several lines of attack. One of these was to fund research that supported the industry and then publish only the results that fit the required narrative. “For instance, in 1954 the TIRC distributed a pamphlet entitled ‘A Scientific Perspective on the Cigarette Controversy’ to nearly 200,000 doctors, journalists, and policy-makers, in which they emphasized favorable research and questioned results supporting the contrary view,” say Weatherall and co, who call this approach biased production.

A second approach promoted independent research that happened to support ...



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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

NewsWare: Watch Today's Webinar!

 

We have a great guest at today's webinar!

Bill Olsen from NewsWare will be giving us a fun and lively demonstration of the advantages that real-time news provides. NewsWare is a market intelligence tool for news. In today's data driven markets, it is truly beneficial to have a tool that delivers access to the professional sources where you can obtain the facts in real time.

Join our webinar, free, it's open to all. 

Just click here at 1 pm est and join in!

[For more information on NewsWare, click here. For a list of prices: NewsWar...



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All About Trends

Mid-Day Update

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

Click here for the full report.




To learn more, sign up for David's free newsletter and receive the free report from All About Trends - "How To Outperform 90% Of Wall Street With Just $500 A Week." Tell David PSW sent you. - Ilene...

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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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