Month: February 2020

ONE LAW FOR THE LORDS AND ONE FOR THE PEASANTS. ALL FUN AND GAMES, TILL THE TUMBRILS ROLL:

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Judge Amy Brennan Jackson plans to go full steam ahead with sentencing Stone. Yesterday I wrote: Once upon a time, this sort of [juror] bias [as evidenced by Tomeka Hart] would have been something liberals would have recognized as disqualifying. But now, since it hurt Trump and Stone, I predict that the judge, Obama appointee Amy Berman … Read more

This Malware Makes ATMS Spit out All Their Money… “Potentially this can affect any country in the world.”

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via futurism Big Money Jackpotting attacks, which are hacks that make ATMs spew money, are becoming increasingly common around the world. Hackers equipped with black market software are targeting cash machines with dated software and substandard security and walking away with millions over the course of a series of attacks, according to a collaborative investigation by Motherboard and German newsroom Bayerischer Rundfunk. Though … Read more

We now live in a world where “upsetting” the markets is a primary concern of the Fed

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We now live in a world where “upsetting” the markets is a primary concern of the Fed. Gone are the days when Fed’s job was all about the health of the economy. Everything so highly levered that if markets unravel,fear is everything unravels . https://t.co/4RdDjzVpPd — Frank Giustra (@Frank_Giustra) February 19, 2020 https://twitter.com/NorthmanTrader/status/1230119498923085824 Year-to-date, pretty … Read more

The next bear will be the most severe?

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https://twitter.com/anilvohra69/status/1229789530724585474 We live what is probably the most surprising bull market in history. Excess of demand-side policies, massive liquidity injections, and low rates have zombified the economy and driven debt to all-time highs, while the economic slowdown is evident.https://t.co/1GaZwuAOI1 — Daniel Lacalle (@dlacalle_IA) February 19, 2020 "I have never in my career seen anything as … Read more

I have created an algorithm to deduce topics and sentiment from financial headlines. Ive graphed the top 5 most feared topics over time vs VIX for the past month, which gives some interesting results.

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by atc2017 So some weeks past Ive shared some result of the algo I developed for detecting fear in financial markets. Some request were made to show this over time, so I turned the data in to a stacked plot showing fear intensity along with the topic over time and plotted it versus the VIX. … Read more

Fox: IRS sues Facebook for $9B, says company offshored profits to Ireland

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SAN FRANCISCO – Facebook Inc is slated to begin a tax trial in a San Francisco court on Tuesday, as the Internal Revenue Service tries to convince a judge the world’s largest social media company owes more than $9 billion linked to its decision to shift profits to Ireland. The trial, which Facebook expects will take three to four weeks, could … Read more

Virgin Galactic: now a $6B company. Had $170M worth of assets in June 2019

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by MakeoverBelly For a company with a $6B market cap I thought there would be any articles detailing what’s actually inside the thing. Found nothing, so here’s some data for you (as of June 30, 2019): ​ Cash and cash equivalents: $85,324,000 Inventories: $27,508,000 Raw Materials: $23,106,000 Work in-progress: $4,402,000 Property, Plant, and Equipment: $40,456,000 … Read more

We’re experiencing the biggest asset bubble of all time, according to Bank of America – “disruptors” or e-commerce stocks like Amazon, Google, etc.

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This is not a technology boom…it’s a central bank liquidity bubble. It’s 10% technology, 90% “funny money.” We're experiencing the biggest asset bubble of all time, according to Bank of America – "disruptors" or e-commerce stocks like Amazon, Google, etc. This is not a technology boom…it's a central bank liquidity bubble. It's 10% technology, 90% … Read more

AOC Lands New Job that PROVES She’s Not Meant for Congress

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https://www.youtube.com/watch?v=l-0MBFl16ao Leah Barkoukis from Town Hall reports, Conservatives blasted Rep. Alexandria Ocasio-Cortez for appearing on the next season of “RuPaul’s Drag Race” as a guest judge, where she’s seen “pledging allegiance to the drag” in a trailer for the VH1 show. Read More/Source/Credit/FairUse: https://townhall.com/tipsheet/leahbarkoukis/2020/02/17/aoc-drag-n2561358

Did you know Mike Bloomberg banned food donations to the homeless because his bureaucrats didn’t know the sodium content?

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NEW YORK (CBSNewYork) — Mayor Michael Bloomberg’s food police have struck again! Outlawed are food donations to homeless shelters because the city can’t assess their salt, fat and fiber content, reports CBS 2’s Marcia Kramer. Glenn Richter arrived at a West Side synagogue on Monday to collect surplus bagels — fresh nutritious bagels — to donate … Read more

Kim Foxx says the Jussie Smollett case shouldn’t define her record as Cook County State’s Attorney.

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CHICAGO (WLS) — Cook County State’s Attorney Kim Foxx sat down with ABC7’s Craig Wall for her first sit-down interview since special prosecutor Dan Webb re-filed charges against actor Jussie Smollett. “I understand the attention that this has gotten,” Foxx said. “Political opponents have spent millions of dollars at the forefront of people’s mind.” A … Read more

Bipartisanship’s Last Gasp Or Fresh Breath?

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Some senators and advocacy groups from both sides of the aisle think government should have tougher financial management controls. If the reforms are approved, will be first update since 1990. Major provisions of the proposal include measures for: Standardizing Chief Financial Officers (CFO) responsibilities across the entire executive branch. Providing deputy CFOs new authority to ensure continuity … Read more

Not only can President Trump pardon & commute people, but has also has the power to grant a “respite” to Roger Stone, which delays the sentencing of defendants for however long the President wants.

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The pardon power of the United States Constitution has been broadly interpreted to include a variety of specific powers. Among those powers are: pardons, conditional pardons, commutations of sentence, conditional commutations of sentence, remissions of fines and forfeitures, respites and amnesties.[1] Historically, presidents have granted most respites for periods of 30 to 90 days and have renewed (extended) such delays when it seemed necessary.[2] The … Read more

Do you remember Obama telling workers, your jobs are gone forever? They’re not coming back? Now Obama claims credit for booming economy. One more Obama Con Job

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by Venus230 President Trump responded Monday night, calling Barack Obama’s claim that his prior administration is responsible for the booming US economy a “Con job”. Eleven years ago today, near the bottom of the worst recession in generations, I signed the Recovery Act, paving the way for more than a decade of economic growth and … Read more