Posts Tagged ‘Stephen Colbert’

World Record Wednesday – S&P Ironically Makes 1984

SPY 5 MINUTE1984!  

As I pointed out in our Member Chat Room this morning, there is a Bloomberg article this morning on the CPI report that says:

The cost of living in the U.S. rose at a slower pace in June and home sales climbed to an eight-month high, showing the economy is generating little price pressure as growth accelerates.

But growth is NOT accelerating, is it?  We JUST had a GDP report that showed exactly the opposite, yet here we have a noted MSM publication simply ignoring that FACT:

How do people read these things and just accept them?  How do authors write them?  How do editors OK them?  Not even the commenters seem to catch it – it's like the whole World just accepts the BS of the moment.  

This is what Orwell predicted it would be like in a future where the media became electronic and the past was instantly forgotten by a population that was unable to think for itself.  

It took them 30 more years than planned, but here we are!  

"And if all others accepted the lie which the Party imposed -if all records told the same tale — then the lie passed into history and became truth. 'Who controls the past,' ran the Party slogan, 'controls the future: who controls the present controls the past.' And yet the past, though of its nature alterable, never had been altered. Whatever was true now was true from everlasting to everlasting. It was quite simple. All that was needed was an unending series of victories over your own memory. 'Reality control', they called it: in Newspeak, 'doublethink'.

"The past, he reflected, had not merely been altered, it had been actually destroyed. For how could you establish even


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Simon Johnson Explains ‘Too Big To Fail’ On The ‘Colbert Report’

For more from Simon Johnson, visit Baseline Scenario.

Simon Johnson Explains ‘Too Big To Fail’ On The ‘Colbert Report’

Via Huffington Post 

The Colbert Report Mon – Thurs 11:30pm / 10:30c
Simon Johnson
www.colbertnation.com
Colbert Report Full Episodes Political Humor Health Care Reform

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Stephen Colbert Rips Apart Glenn Beck For Being A Gold Shill

Stephen Colbert Rips Apart Glenn Beck For Being A Gold Shill

Courtesy of Joe Weisenthal at Clusterstock/Business Insider

First it was Jon Stewart, and now his former sidekick Stephen Colbert is getting into the rip-apart-conservatives-for-being-gold-shills act. The thing is, Colbert and Stewart are right, regardless of your view on gold or politics (via Mediaite)

 


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Comedy Central Takes On The Federal Reserve

This was on Cobert last night, very amusing. – Ilene

Comedy Central Takes On The Federal Reserve

Stephen Colbert destroys "Dr. Blankcheck von Moneypants." Must watch clip.

The Colbert Report Mon – Thurs 11:30pm / 10:30c
Fed’s Dead
www.colbertnation.com
Colbert Report Full Episodes Political Humor U.S. Speedskating

 


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Ayn Rand Resurrected

Going Galt with Stephen Colbert

Courtesy of Benign Brodwicz’s The Animal Spirits Page

Brilliant.

The Colbert Report Mon – Thurs 11:30pm / 10:30c
The Word – Rand Illusion
www.colbertnation.com
Colbert Report Full Episodes Political Humor U.S. Speedskating

 

Want more?  Dangerous Minds’ Richard Metzger responds to Andrew Corsello’s The Bitch is Back article in GQ.

Ayn Rand Assholes

ayn rand
 

Andrew Corsello’s The Bitch is Back article from GQ on the boorish subject of Ayn Rand Assholes is probably the best takedown of Ayn Rand’s followers (and Alan Greenspan and Wall Street) I’ve yet seen and certainly the funniest (other than Stephen Colbert’s). It was about time for an article like this to appear and I am glad it was Corsello who wrote it.

I myself became an unabashed Ayn Rand fanatic when I was in 7th or 8th grade. I’d been reading the works of Victor Hugo and so I was totally primed for discovering another “Romantic” (note capital “r”) writer like Ayn Rand next, but it wasn’t via her well-known fiction that I discovered the Russian-born novelist and philosopher, but rather a more obscure volume called Introduction to Objectivist Epistemology, which I read extremely slowly so I could take in the complexity of the thought. It’s a very dry, technical book, but made a huge impression on me (more on this below,…
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Enough to Help, not Enough to Cure

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Enough to Help, not Enough to Cure

Courtesy of Mark Thoma at Economist’s View

 
 
If the first pill doesn’t cure the patient, does that mean the prescription didn’t work?

 


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Zero Hedge

Operation Warp Speed Awards Novavax $1.6 Billion For COVID Vaccine 

Courtesy of ZeroHedge View original post here.

With US equity futures under pressure on Tuesday morning - it's not surprising whatsoever that hopium-inspiring vaccine headlines are hitting the tape. 

Novavax was awarded $1.6 Billion in funding via Operation Warp Speed to support "large-scale manufacturing of NVX-COV2373."

  • NOVAVAX ANNOUNCES $1.6 BILLION FUNDING FROM OPERATION WARP SPEED

...

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The Technical Traders

Big Funds to Pull Money OUT of Stocks: 2nd Wave to Hit Economy

Courtesy of Technical Traders

TOPICS IN THIS INTERVIEW:

-Big funds to pull money out of markets.

-Falling dollar to really start to benefit gold

-Gold miners showing signs of life.

-$2,000 gold will change people’s mindsets in gold.

-Gold or silver-backed currency will send metals through the roof.

Get Chris Vermeulen’s Trades – Click Here

...

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Phil's Favorites

COVID Concerns Send Casino Stocks Tumbling As Recovery Dims

Courtesy of ZeroHedge

As the recovery stalls, states are pausing and or reversing reopenings as coronavirus cases surge. Mobility trends show retail and or corporate workspace activity slowed in late June, sparking new concerns the casino recovery could be coming to an end. 

The S&P500 Casino and Gaming (Sub Ind) is down 1% in late afternoon trading on Monday. From ...



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ValueWalk

New Climate Risk Rating Of Companies For Investors

By Jacob Wolinsky. Originally published at ValueWalk.

  • New dataset gives investors temperature ratings for 4,000 global companies, based on targets to cut all GHG emissions they are responsible for.
  • Based on a new approach currently being developed by CDP and WWF, CDP temperature ratings can be used for gauging the temperature pathway of investor portfolios, funds and stock indices.
  • Europe’s largest asset manager Amundi first to use the rating as part of its ESG analysis, and for the monitoring of four global multisector equity funds[1].

Q1 2020 hedge fund letters, conferences and more

CD...

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Kimble Charting Solutions

Shangai Index Soars Higher, Testing 11-Year Breakout Level!

Courtesy of Chris Kimble

Is the Shanghai Index (SSE) about to experience a long-term breakout and send the world a bullish message?

An 11-year breakout test is in play that will answer this question.

The Shanghai index trend continues to send a bullish message, as it has created a series of higher lows for the past 24-years above line (1).

This long-term support line was tested at the March lows at (2) and it held.

The rally off the lows has the index testing dual resistance at (3).

Will this important index succeed in breaking out? If it does at (3), it will send a very bu...



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Biotech/COVID-19

As U.S. buys up remdesivir, 'vaccine nationalism' threatens access to COVID-19 treatments

 

As U.S. buys up remdesivir, ‘vaccine nationalism’ threatens access to COVID-19 treatments

Are we really all in this together? ‘Vaccine nationalism’ must be addressed to ensure equitable distribution of a COVID-19 vaccine. (Pixabay)

Courtesy of Joel Lexchin, University of Toronto

At the end of June, the United States government announced that it had ...



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Chart School

Golds quick price move increases the odds of a correction

Courtesy of Read the Ticker

Every market corrects, maybe profit taking, maybe of allowing those who missed out, to get in!


The current open interest on the gold contract looks to high after a very fast price move, it looks like 2008 may be repeating. A quick flushing out of the weak hands open interest may take place before a real advance in price takes place. The correction may be on the back of a wider sell off of risk assets (either before of after US elections) as all assets suffer contagion selling (just like 2008).

This blog view is a gold price correction of 10% to 20% range is a buying opportunity. Of course we may see  a very minor price correction but a long time correction, a price or time is correction is expected, we shall watch and...

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Lee's Free Thinking

These Charts Show COVID 19 Is Spreading in the US and Will Kill the Economy

 

These Charts Show COVID 19 Is Spreading in the US and Will Kill the Economy

Courtesy of  

The COVID 19 pandemic is, predictably, worsening again in much of the US. Only the Northeast, and to a lesser extent some Midwestern states, have been consistently improving. And that trend could also reverse as those states fully reopen.

The problem in the US seems to be widespread public resistance to recommended practices of social distancing and mask wearing. In countries where these practices have been practi...



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Digital Currencies

Blockchains can trace foods from farm to plate, but the industry is still behind the curve

 

Blockchains can trace foods from farm to plate, but the industry is still behind the curve

App-etising? LDprod

Courtesy of Michael Rogerson, University of Bath and Glenn Parry, University of Surrey

Food supply chains were vulnerable long before the coronavirus pandemic. Recent scandals have ranged from modern slavery ...



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Members' Corner

Coronavirus, 'Plandemic' and the seven traits of conspiratorial thinking

 

Coronavirus, 'Plandemic' and the seven traits of conspiratorial thinking

No matter the details of the plot, conspiracy theories follow common patterns of thought. Ranta Images/iStock/Getty Images Plus

Courtesy of John Cook, George Mason University; Sander van der Linden, University of Cambridge; Stephan Lewandowsky...



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Insider Scoop

Economic Data Scheduled For Friday

Courtesy of Benzinga

  • Data on nonfarm payrolls and unemployment rate for March will be released at 8:30 a.m. ET.
  • US Services Purchasing Managers' Index for March is scheduled for release at 9:45 a.m. ET.
  • The ISM's non-manufacturing index for March will be released at 10:00 a.m. ET.
  • The Baker Hughes North American rig count report for the latest week is scheduled for release at 1:00 p.m. ET.
...

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Promotions

Free, Live Webinar on Stocks, Options and Trading Strategies

TODAY's LIVE webinar on stocks, options and trading strategy is open to all!

Feb. 26, 1pm EST

Click HERE to join the PSW weekly webinar at 1 pm EST.

Phil will discuss positions, COVID-19, market volatility -- the selloff -- and more! 

This week, we also have a special presentation from Mike Anton of TradeExchange.com. It's a new service that we're excited to be a part of! 

Mike will show off the TradeExchange's new platform which you can try for free.  

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Mapping The Market

How IPOs Are Priced

Via Jean Luc 

Funny but probably true:

...

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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. Contact Ilene to learn about our affiliate and content sharing programs.