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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Kimble Charting Solutions

Apple Bullish Breakout Suggesting Tech Follows In Its Path?

Courtesy of Chris Kimble

Is Apple sending a bullish message to the overall Tech market? Sure could be

Apple (AAPL) is working on a breakout above last year’s highs at (1), after creating a series of higher lows over the past year.

Tech ETF QQQ has been a similar-looking pattern to Apple over the past few months, as it is near old highs while creating higher lows.

Is Apple’s upside breakout suggesting that QQQ will follow in its footsteps and breakout?

Str...



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Phil's Favorites

Fed Chair Powell Met with a Sovereign Wealth Fund in August and Had a Call with a Central Bank Holding Tens of Billions in U.S. Stocks

Courtesy of Pam Martens

Jerome Powell, Chairman of the Federal Reserve

This morning the Federal Reserve pumped another $58.15 billion into Wall Street securities firms under the repo loan program it initiated on September 17. That program has been pumping out hundreds of billions of dollars each week to Wall Street with no authorization from Congress, as far as the public is aware.

We decided to take a look at Federal Reserve Chairman ...



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Zero Hedge

Despite Pushback Against FAA, Boeing Shares Extend Plunge As Analyst Downgrades Accelerate

Courtesy of ZeroHedge View original post here.

Boeing said on Sunday that it told U.S. regulators "multiple times" that it had expanded the role of its MCAS system and that the FAA had observed the system operating in flight tests before the 737 Max was certified for service, according to Bloomberg

The statement was posted online as a result of Friday's ...



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Insider Scoop

10 Biggest Price Target Changes For Monday

Courtesy of Benzinga

  • UBS raised the price target for Teradyne, Inc. (NASDAQ: TER) from $47 to $63. Teradyne shares closed at $58.93 on Friday.
  • Bank of America cut the price target on Boeing Co (NYSE: BA) from $400 to $370. Boeing closed at $344.00 on Friday.
  • Raymond James raised the price target for Kansas City Southern (NYSE: KSU) from $151 to $170. Kansas City Southern shares closed at $145.25 on Friday.
  • H.C. Wainwright boosted Foamix Pharmaceuticals Ltd ...


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Digital Currencies

Five hurdles blockchain faces to revolutionise banking

 

Five hurdles blockchain faces to revolutionise banking

Shutterstock

Courtesy of Markos Zachariadis, Warwick Business School, University of Warwick

Blockchain is touted as the next step in the digital revolution, a technology that will change every industry from music to wast...



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Chart School

Gold Stocks Review

Courtesy of Read the Ticker

Gold stocks are swinging back forth between the range, and a break out swing higher is due. Gold stocks are holding a near perfect Wyckoff accumulation pattern. All should get ready to play this sector. Yet we must recognize that gold stocks are a one of the most crazy rides at the stock market fair, so play very carefully.

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GDX PnF chart from within the video

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Important channels around the HUI.
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The Technical Traders

Treasuries Pause Near Resistance Before The Next Rally

Courtesy of Technical Traders

Our research team believes the US Treasuries and the US Dollar will continue to strengthen over the next 2 to 6+ weeks as foreign market and emerging market credit and debt concerns outweigh any concerns originating from the US economy or political theater.  Overall, the major global economies will likely continue to see strength related to their currencies and debt instruments simply because the foreign market and emerging markets are dramatically more fragile than the more mature major global economies.

We believe the US Treasuries may surprise investors by rallying from current levels, near price resistance, to levels above $151 on the TLT chart. 

Our belief ...



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Lee's Free Thinking

Look Out Bears! Fed New QE Now Up to $165 Billion

Courtesy of Lee Adler

I have been warning for months that the Fed would need new QE to counter the impact of massive waves of Treasury supply. I thought that that would come later, rather than sooner. Sorry folks, wrong about that. The NY Fed announced another round of new TOMO (Temporary Open Market Operations) today.

In addition to the $75 billion in overnight repos that the Fed issued and has been rolling over since Tuesday, next week the Fed will issue another $90 billion. They’ll come in the form of three $30 billion, 14 day repos to be offered next week.

That brings the new Fed QE to a total of $165 billion. Even in the worst days of the financial crisis, I can’t remember the Fed ballooning its balance sheet by $165 bi...



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Biotech

The Big Pharma Takeover of Medical Cannabis

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

 

The Big Pharma Takeover of Medical Cannabis

Courtesy of  , Visual Capitalist

The Big Pharma Takeover of Medical Cannabis

As evidence of cannabis’ many benefits mounts, so does the interest from the global pharmaceutical industry, known as Big Pharma. The entrance of such behemoths will radically transform the cannabis industry—once heavily stigmatized, it is now a potentially game-changing source of growth for countless co...



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Mapping The Market

How IPOs Are Priced

Via Jean Luc 

Funny but probably true:

...

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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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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:

 

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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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