“Yesterday’s Senate Banking hearing is yet one more example of mainstream media failing the interests of the American people.”

via wallstreetonparade: It’s becoming clear that the reason so many Americans have their pockets picked by Wall Street scam artists year after year is that mainstream media simply won’t put the dangers of dealing with the mega Wall Street banks on their front pages. Yesterday’s Senate Banking hearing is yet one more example of mainstream media … Read more

TVIX Strategy, Free Money?

by Dropmeoffatschool Short shares, Long Calls, Short Puts Does it work? You short the shares because TVIX is the worst ETF of all time, buy OTM calls in case the VIX pops, but short OTM puts at the same time so that you don’t get murdered by the IV in the calls that make them so … Read more

Why was Facebook’s Libra killed off? A blockchain firm advised by Nobel laureate Myron Scholes just launched a rival to Facebook’s Libra

https://www.cnbc.com/2019/12/10/saga-launches-sga-token-to-rival-facebooks-libra-cryptocurrency.html Saga is launching a virtual currency which pegs its value to the basket of currencies that form the IMF’s special drawing rights. The U.K.-based company’s advisory board includes the likes of Nobel laureate Myron Scholes and J.P. Morgan’s Jacob Frenkel. But the firm doesn’t plan to launch its token in the U.S. yet, claiming … Read more

The Fed “loses credibility every time they highlight the PCE instead of any other inflation gauge such as the CPI and tells us that low inflation is a problem and they need to get it higher.

The Fed “loses credibility every time they highlight the PCE instead of any other inflation gauge such as the CPI and tells us that low inflation is a problem and they need to get it higher. Tell that to the person that is buying healthcare insurance and services ..” @pboockvar pic.twitter.com/J1L5cSHV9D — Carl Quintanilla (@carlquintanilla) … Read more

the 60-year-old investor believes that the next crisis will be more severe than the subprime meltdown — and it will be in corporate credit, where companies are holding record levels of debt on their books.

".. the 60-year-old investor believes that the next crisis will be more severe than the subprime meltdown — and it will be in corporate credit, where companies are holding record levels of debt on their books. "You never have the same crisis twice," he said. https://t.co/eAb4SBxLLw — Carl Quintanilla (@carlquintanilla) December 11, 2019 https://twitter.com/GeorgeFreemen/status/1203169429602869249 https://twitter.com/GeorgeFreemen/status/1201567567040647168 … Read more

Rolling Stone: Steele Dossier a Joke

Link to article in Rolling Stone. As a result, a “well-developed conspiracy” theory based on a report that Comey described as “salacious and unverified material that a responsible journalist wouldn’t report without corroborating,” became the driving news story in a superpower nation for two years. Even the New York Times, which published a lot of … Read more

Sin Taxes & Other Orwellian Methods of Compliance That Feed the Government’s Greed

by John W. Whitehead “Of all tyrannies, a tyranny sincerely exercised for the good of its victim may be the most oppressive. It may be better to live under robber barons than under omnipotent moral busybodies. The robber baron’s cruelty may sometimes sleep, his cupidity may at some point be satiated, but those who torment us … Read more

Stand Clear: Headline-Reading Algos At Work!

By David Stockman Surprise!! It turns out that China commenting that it believes/hopes that tariffs will be delayed next week is not enough for anything but headline-reading algos. White House Chief of Staff Mick Mulvaney just injected some reality by noting that next week’s tariff decision will depend on how the talks are going… and … Read more

EVERYTHING IS GOING SWIMMINGLY: Even 61% of Democrats don’t believe Trump will be removed…. Rand Paul: More Democrats to oppose impeachment, rips Schiff on phone logs.

via washingtonexaminer: “The survey suggests that the Democratic drive to impeach the president on charges of abuse of power and obstruction hasn’t won over any new supporters despite two weeks of hearings and today’s announcement of articles of impeachment to be voted on as early as next week.” Plus: Rand Paul: More Democrats to oppose impeachment, rips … Read more

THEY TAKE CRITICISM . . . POORLY.

The Clint Eastwood Film ‘Richard Jewel’ is an Indictment of the Media, and They are not Happy About It. The real-life dramatization of the Atlanta Olympic bombing and the central figure in that investigation — security guard Richard Jewell — is being strategically released this weekend, primed for the upcoming motion picture awards season. Yesterday … Read more

Inspector Horowitz admits that the warrant to spy on the Trump campaign was based “entirely” on information from the debunked Steele Dossier. You won’t see this on MSM.

BOMBSHELL: Inspector Horowitz admits that the warrant to spy on the Trump campaign was based "entirely" on information from the debunked Steele Dossier. The media continues to deny this fact! pic.twitter.com/Crpn28dW1P — Trump War Room (@TrumpWarRoom) December 11, 2019 IG confirms the FISA application was based on falsified information which was paid for by the … Read more

Wall Street is predicting a 4.3% gain in the S&P 500 in 2020. It’s the 2nd most bearish prediction since 1998.

by UPFINA The November Markit services PMI rose unlike the ISM services PMI. However, the ISM PMI is still higher. Broadly, the Markit reports make it confusing to determine what drove the 2019 slowdown. The ISM reports clearly show the manufacturing sector underperforming, similar to manufacturing production in the industrial production report. The ISM manufacturing PMI … Read more

Peloton plunges after investor says the stock is worth only $5

https://www.cnn.com/2019/12/10/tech/peloton-stock-citron/index.html New York(CNN Business) Peloton may have bigger problems than the public relations fallout from the controversial ad that became a meme. Short-seller Citron Research said Tuesday it expects the stock to plunge nearly 85% to just $5 a share. Citron said in the report, titled “Investors Peddling Themselves into Frenzy,” that Peloton (PTON) is … Read more

Super-Rich Families Pour Into $787 Billion Private Debt Market

by SpontaneousDisorder https://archive.ph/r4LEr Private credit has boomed globally as banks, under pressure from regulators since the global financial crisis to reduce risk, have pulled back from lending to smaller, potentially more vulnerable companies. The private credit market has expanded to $787.4 billion, from just $42.4 billion in 2000, according to London-based research firm Preqin. … … Read more

Riskier parts of the bond market are seeing heavy selling pressure while higher-rated bonds are being bid up to a record degree.

via sentimentrader: More splits than a gymnast Different parts of the bond market are seeing vastly different treatment from investors. Riskier, lower-credit parts of the market are seeing low demand and heavy selling pressure while higher-rated bonds are being bid up to a record degree. There has been this wide of a disparity only 3 other … Read more