I went cross eyed reading this.
Kick ass and chew bubble gum.
Posts made by DontGive
Former CIA Director on 'Meddling' in 'Other' Elections
Not that this isn't well known already. Former CIA director James Woolsey reacts on 'The Ingraham Angle.'
Well..nyum nyum nyum nyum nyum
Pedo-Island on Fire (Literally)
Oops. Go figure. Hope Epstien had good property insurance...
The cause of the fire is unknown, but some are speculating it may have started as the result of a relatively small 4.9 magnitude earthquake that struck yesterday just off the coast
Latest Syrian Chemical Attack Tied to Saudi's?
This week, the Syrian Arab Army (SAA) liberated some Eastern Ghouta farmlands between Shifouniyeh and Douma and discovered a well-equipped chemical laboratory run by Saudi-backed Islamist terrorists. Not a single Western reporter showed up to investigate the facility.
The word is mum? Good work 'reporters'...
The US-manufactured Hill-Rom air or gas compression unit on the lab's main floor / Sharmine Narwani (from the source article)
Trump had a few words to say, even after hinting at a pull-out previously:
Will there be any verification, or escalation?
RE: Tales from an EOS HODLer who was in it from day 1
@natxlaw Hmm. I need to rotate out of BTC. Will look into this. What others you got?
Elizabeth Warren's CFPB - Slush Fund For Democrats Crumbles
A Dodd-Frank upstart, Consumer Financial Protection Bureau (CFPB), spearheaded by Elizabeth "Pocahontas" Warren is getting some hot attention in the last few months. The bureau is known for issuing enforcement actions in the form of Consent Orders as a type of a penalty vehicle.
Leandra English, the previous CFPB Director was pushed out by newly appointed Mick Mulvaney, who came in to oversee the opaque bureau and the shady slush fund practices. English threw a fit, and filed a restraining order against Trump, which was tossed out of federal court.
English, who previously served in the White House as a senior Obama adviser, insisted she was the “rightful” acting director, and filed a temporary restraining order against Trump to block Mulvaney from taking over. A federal judge denied the order Tuesday, but her legal team has vowed to continue fighting, arguing Trump is attempting an “end-run” on the bureau.
English, Pelosi, Warren, Schumer
English is now represented by Gupta Wessler in another lawsuit against Trump, but not using her own funds. Instead, some other benefactor is paying the legal fees, but Deepak Gupta wouldn't reveal those money sources.
While under directorship of English, CFPB acted like a slush fund for Democrats, cutting checks at a ratio of 593 Demcrat to 1 Rebublican. With other checks totaling $14 million to GMMB Inc, which did political ads for Obama and HRC. As well as additional political donations of $46,611 to Clinton, $13,190 to Warren, and $19,988 to Obama.
An audit in September 2016 showed CFPB spent 61% of all fines on victims compensation, and 5.5% on consumer education. The spending doesn't go directly to victims. The distrobution is handled by contractors who dole out the money, but not after billing CFPB at $80/hr for Analysts who get paid $17/hr. Which simply means only a portion of that 61% ends up in consumers pockets. The following contractors are involved, and maybe more:
To review payments made to CFPB through their Consent Orders, take a look here. They are sitting on a $54 million unalocated balance as of September 30, 2017.
The Market is Sick, Blood in the Street
You all can feel the fear in the air. VIX derivatives took a dump recently, Crypto's are in pain. Europe took a dump overnight as well. Exchanges are going off-line due to increased traffic and fear, basically DDoS'ing each other with their own subscribers.
Did you all for a second think this party was going to go on to eternity? What caught most of us off-guard was the fact that it happened in February. The timing was somewhat accurate though, if you follow the business cycle.
"CAPE" stands for Cyclically Adjusted Price-to-Earnings. The concept is similar to a current (or "trailing") P/E (see here), but with an important difference. In the case of CAPE, the "E" takes earnings for the past 10 years (specifically earnings per share, or EPS), adjusts each for inflation up to the present, and takes an average (arithmetic mean: adds them together and divides by 10).
While not quite exactly in the 10/20/30 year cycles most are accustomed to, keep in mind the mantra is different this time.
So what is significant about this time, or what correlates?
- FED out of ammunition with a remaining large balance sheet, and trying to tighten
- Many Sovereigns are invested in US marketplace
- Bonds are at all time low, albeit a big higher from the bottom
- Record buy-backs
- High P/E ratios
- Algo trading
Could we imagine this time that this time is no different from the market euphoria we experienced with hot money and large liquidity in that last 10 years?
What happens next?
- PPT (Plunge Protection Teams) will step into place, world wide
- Some derivatives blow up and liquidate
- Tons of capital exterminated
While it feels to some of us like a correction, and not "the big one", surely many retail investors will get hurt which will put a damper on the market. Will the Bears come out and play now? Institutions already smelled this coming, BofA and many other already issued warnings.
But, perhaps, it is different this time.