THEY TAKE CRITICISM . . . POORLY.

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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.

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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.

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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

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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

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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.

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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

Storytime: Millionaire for a Day

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by yousuckatoptions Had a story I figured you all would enjoy about a client I worked with that that turned ~150k into a ~$1M over the course of 4 months and then proceeded to lose it all in 2 days. We’ll call this guy Mr. R. And like most of us he had terrible trading … Read more

Corporate taxes dropped to levels below Q4 2008

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by doubtitall     Due to the tax cuts corporate taxe receipts dropped to levels not seen since the worst times of the financial crisis. Meanwhile Mulvaney tells CEOs a new corporate tax cut is considered. The US will probably need to designate itself as a tax heaven.    

Netflix could lose four million U.S. subscribers in 2020: brokerage

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https://finance.yahoo.com/news/netflix-could-lose-four-million-121913655.html (Reuters) – Needham and Co was the fourth Wall Street brokerage in two months to cut its rating for Netflix Inc <NFLX.O> on Tuesday, arguing competition from new streaming services could lead to the loss of 4 million premium U.S. subscribers next year. Needham analyst Laura Martin, who downgraded the California-based tech giant to … Read more

The Repo crisis tells us a lot about current markets: Liquidity is much lower than estimated and leverage is much higher.

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CCC meltdown pic.twitter.com/D42GGPaijX — Win Smart, CFA (@WinfieldSmart) December 10, 2019 Corporate credit to GDP pic.twitter.com/gkISFXG2XE — Win Smart, CFA (@WinfieldSmart) December 10, 2019 Spot on again @dlacalle_IA and this game of liquidity wac-a-mole can only go on so far until it pops out for good exposing the fragilities of these new forms of inherent … Read more

Investors should “take profits” on their auto-loan backed bonds “given lofty prices for used cars, a glut of supply and the quick pace of car depreciation

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Investors should "take profits" on their auto-loan backed bonds "given lofty prices for used cars, a glut of supply and the quick pace of car depreciation:" Pavilion Global Markets. They point to the surging volume of non-performing auto loans as growing signs of weakness. pic.twitter.com/e61hDGK46W — Lisa Abramowicz (@lisaabramowicz1) December 11, 2019 This Map Shows … Read more

Forbes: The Fed Has Been ‘Highly Ineffective’ At Steering Economy… Lacalle: The Repo Crisis Shows the Damage Done by Central Bank Policies

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via Forbes: A former top Federal Reserve official says the central bank appears not to have learned key lessons from the Great Recession, including how its halting embrace of aggressive monetary policy left the economy short of both its inflation and employment goals for too long. While the unemployment rate is now near historic lows … Read more

Prince Mohamed of Saudi Arabia physically threatening investors for Aramco IPO to reach $2 Trillion Target

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Saudi Arabia renews push for $2 trillion Saudi Aramco valuation Saudi Arabia is making a last-ditch attempt to persuade its institutions and wealthiest families to buy shares in Saudi Aramco after it floats on Wednesday as Crown Prince Mohammed bin Salman refuses to give up on his $2 trillion valuation. “They’ve been told that it … Read more

Reddit is Looking to Suppress Free Discussion Heading Into 2020

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by ScratchyCow Within the past few days:   They “accidentally” released an update that auto collapsed any comment that could be found offensive and added “potentially toxic content” written next to it. https://www.reddit.com/r/ModSupport/comments/e8ifxr/potentially_toxic_content/ It was instantly met with negativity from the community (look at the comments) and was then reverted. I believe they were soft-testing it and … Read more

The Destruction Of Civilization: Implications Of Extreme Monetary Interventions

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by Claudio Grass via Claudiograss.ch When I was asked to write an article about the impact of negative interest rates and negative yielding bonds, I thought this is a chance to look at the topic from a broader perspective. There have been lots of articles speculating about the possible implications and focusing on their impact in the short … Read more

When It Becomes Serious You Have To Lie: Update On The Repo Fiasco

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by Michael Lebowitz and Jack Scott Occasionally, problems reveal themselves gradually. A water stain on the ceiling is potentially evidence of a much larger problem. Painting over the stain will temporarily relieve the unsightly condition, but in time, the water stain will return. This is analogous to a situation occurring within the banking system. Almost … Read more