Wednesday, March 1, 2017

Prominent Hedge Fund Trader Jumps To His Death In Manhattan





A prominent 47-year-old hedge fund trader was killed when he jumped from a luxury apartment building on Manhattan's Upper West Side, authorities said.
 

Holder Foretells The Return Of Obama: "He's Coming, And He's Ready To Roll"

"It’s coming. He’s coming.  And he’s ready to roll..."
 

A savage assault, in person.

Russian Jets Nearly Bomb US Forces In Syria, Hit US-Backed Rebels

Russian and Syrian jets nearly hit U.S. forces in northern Syria on Tuesday when they attacked positions held by Syrian Democratic Forces, a US ally in the ongoing effort to expel the Islamic State from Syria, the top U.S. commander in Iraq and Syria said Wednesday.

US-Made Missiles Found In ISIS Military Base In Iraq

by Sean Adl-Tabatabai, Your News Wire:
The Iraqi army have discovered a number of US-made missiles in an ISIS military base in the Southern part of Mosul, Iraq.
According to local sources, missiles originating from the USA have found their way into the Anbar province before.
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Washington Post: Fake-News Partner With the CIA

by Jon Rappoport, No More Fake News:
Let’s frame the situation in simple terms. You work for a company that has a very lucrative partnership with a big-time money man. That money man gives you a piece of information and tells you it’s important.
What you do every day is spread information. That’s how you earn your living.
Are you going to take that piece of info from the money man and spread it, or are you going to question it and research it and shoot back hard-edged questions to the money man?
If you’re a loyal employee, and if you want to keep your job, and if you’re smart enough to understand how things work, you’re going to spread the money man’s piece of info and keep your head down.
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Stocks Soar To Record Highs As Hawkish Fed, Dovish Trump Spark Bond Bloodbath


February Auto Sales Mixed As Incentive Spending And Inventory Days Both Surge


"With the industry at 10% [incentives] you are in a push market.  This is top cycle stuff.  It's that fine balance...How much can I push the boundary without prompting a reaction that pulls all of us down?"

PwC Accountants Behind Oscars Fiasco Barred From Future Academy Awards


The organizers of the Academy Awards said on Wednesday that the two PricewaterhouseCoopers accountants behind Sunday night's historic debacle will not work the Oscars ceremony again.

Second To None: A Look At Valuations Vs. Fundamentals


Equity valuations of 1999, as proven after the fact, were grossly elevated. However, when considered against a backdrop of economic factors, those valuations seem relatively tame versus today.

Dramatic Aerial Footage Shows What The Oroville Dam Looks Like Now


Earlier this month, we all heard the news that the Oroville Dam was damaged, and that thousands of residents living in its shadow would have to be evacuated. Fortunately the dam held, and the residents of Oroville were able to return to their homes. For the most part the story has since faded from the news. However, the damage remains.

Snap IPO To Price At $17, Above Range, Valuing Company At $24 Billion


Snap is set to price its initial public offering at $17 a share. That would value the parent of the popular disappearing-message app Snapchat at nearly $24 billion, above the $19.5-$22.3 billion valuation targeted initially by the company, suggesting strong investor demand. At that valuation, Snap would be the biggest U.S.-listed IPO since Alibaba Group Holding Ltd. debuted in 2014.

The Fed Has Now Set The Stage For An 'Ides Of March' Moment


"It would appear the “market” either A: doesn’t believe the Fed. Or, B: no longer cares. I believe it’s A, and that’s a very big problem... So now we’re all to sit back and wait to see who blinks first: The Market? China? Or the Fed?"

Can 'Soft' Become 'Hard'? - RBC Explains The Market's "Longer-Term Battle"


"...the market is now in a longer-term battle between 'economic (data) escape velocity' against the prospects for 'financial tightening ahead of growth'... It will continue coming-back to 'soft data converting to hard'..."

Arora Report: "Three-Quarters Of Today's Market Surge Is From A Massive Short Squeeze"

Another day, another whopping short squeeze: According to algorithms at The Arora Report, "about three-quarters of the increase in stock prices today is from short squeezes."

White House Prepares For Trade War, Warns US "Will Not Be Bound By WTO Decisions"


the Trump administration has warned that the U.S. isn't and won't bound by decisions made at the World Trade Organization, in outlining a new trade agenda that "promises to root out unfair practices by foreign countries" and to escalate what are already simmering trade conflicts.

Only A Trade-A-Saurus Bets On Recoupling


The easiest way to become a trade-a-saurus is to assume correlations will continue forever and mindlessly fade divergences with the assumption they will recouple. Yet these divergences often offer clues that something might have changed and deserve further investigation.

Fed's Beige Book Notes Decline In Optimism About The Outlook, Sharp Drop In Broadway Attendance


What was most interesting in the latest Beige Book was not the comprehensive summary but the anecdotes revealed by the various districts among them concerns about the stronger dollar, worries about Obamacare repeal, Atlantic City casino revenues, retailer fears about online competition, shipping container volumes, the impact of immigration policy on labor supply and even a sharp drop in Broadway theater attendance.

JPMorgan's Trading Desk Lost Money On Just Two Days In The Past 4 Years


According to JPM's Investor Day presentation, not only did the bank not have a single losing day in all of 2016, but JPM's trading desk also had zero daily losses in 2014 and 2013. It did, however, lose money on two days in 2015.

China CIPS v Western SWIFT System

by Martin Armstrong, Armstrong Economics:
COMMENT: Marty; Some people are trying to claim that China in bypassing the Swift System, they are undermining the dollar. The latest absurd statement is that Japan will bypass the dollar and SWIFT System to transact using China’s CIPS system in inter-bank settlement. I really had to laugh at how ignorant this statement is for it would mean Japan will no longer sell anything in the USA. It seems that these people so desperate to kill the dollar clutch at anything and we just laugh in the trading rooms. I think you should address this statement for the naive people out there who are clueless as to real international trade.
RPD
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Are you Ignorant enough to vote for this piece of trash...Of course you are...Just look at the voting record...

Yes She May: Oprah Hints At Presidential Run


"I actually never thought that that was – I never considered the question, even a possibility.  I thought, 'Oh, gee, I don't have experience. I don't know enough. I don't...'  And now I'm thinking, 'Oh! Oh!'"

French Protester "Attacks" Presidential Frontrunner Macron's With An Egg


A protester demonstrated his displeasure with the frontrunner to the French presidential election, Emanuel Macron, after splattering an egg on the head of the young ex-Rothschild banker.

Euro Breakup Contagion Risk Is Exploding


With existential elections looming, Sentix Euro Break-up Contagion Index - a market measure of the contagion risk from one or more countries leaving the euro area within the next 12 months period - has hit its post-2012 record recently...

America's In A Drugged Stupor


"Fake money produces much the same prison-like zombie effect on the economy. It dulls the senses. It cushions the pain of failure. It lulls people into not trying."

Q1 GDP Estimates Tumble: Goldman, Atlanta Fed Cut To 1.8%, JPM At 1.5%, Bank Of America Sees Only 1.3%


With the Fed jawboning for an imminent rate hike, it is perhaps not surprising that on Wednesday most banks, as well as the Atlanta Fed all slashed their Q1 GDP forecasts, with virtually everyone now expecting a sub-2% print.

Mexican Peso Surges On Chatter Fed Will Rescue Currency From Trump's Damage


After President Trump's plans for renegotiating NAFTA and building a border wall have monkeyhammered the Mexican Peso to record weakness, it appears Banxico has found a friend to help defend its currency - The Fed.

After Years of Vilifying Bitcoin, Now the Mainstream Media Sees it as a Savior for China’s Monetary System

by Kenneth Schortgen, The Daily Economist:
First they ignore you, then they laugh at you, then they fight you, then you win. These were the words of a famous revolutionary who used non-violent protest as the means to overthrow the British Empire from its hold over India.
Now in 2017 there is another revolution going on that is for the future of the world’s money. And where even as recently as three years ago the mainstream establishment media was both scoffing at and vilifying the advent of crypto-currencies and those who embraced them, on Feb. 27 that same mainstream media is now hailing Bitcoin as the potential savior for the monetary system of the world’s second largest economy.
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The “Strong Dollar” Catch-22

by Andy Hoffman, Miles Franklin:
If anyone claims Precious Metals are not relentlessly suppressed – whilst the “Dow Jones Propaganda Average” is persistently supported, in an increasingly desperate attempt to delay “Economic Mother Nature’s” inevitable arrival – consider gold and silver “trading” since the election.  Let alone, since I published the “12:00 PM EST cap of last resort” six weeks ago, after watching this hideous “algo” for more than a decade.
Here’s the last three days’ “trading” – with yesterday’s suppression being particularly egregious, given that no other market budged when the Cartel did its daily dirty work.  Moreover, per this week’s “why the Cartel is (rightfully) terrified,” its “incentive” to attack PMs is particularly strong now, as gold and silver are on the verge of re-capturing their 200 WEEK moving averages of $1,260/oz and $18.60/oz, respectively.
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President Trump Meets With Black College Presidents, Media Focuses on Kellyanne Conway’s Feet on Couch

by Kristinn Taylor, The Gateway Pundit:

In yet another example of why the Trump administration has such heartburn in dealing with the media, President Donald Trump met with a about sixty presidents of Historically Black Colleges and Universities in the Oval Office on Monday, yet the media focused on Trump senior advisor Kellyanne Conway taking pictures of the meeting while positioned on an Oval Office couch.
AFP posted only one photo from the meeting, focused on Conway, with the caption, “Kellyanne Conway checks her phone after taking a photo of President Donald Trump and leaders of black universities, colleges in Oval Office”
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Trump on Pelosi: ‘I Think She’s Incompetent, Actually’

by Jeff Poor, Breitbart:
Tuesday in an interview that aired on Fox News Channel’s “Fox & Friends,” President Donald Trump reacted to comments from House Minority Leader Nancy Pelosi over the weekend saying his administration has “done nothing.”
Trump called Pelosi “incompetent” and pointed to the current state of the Democratic Party as evidence.
“Well, I’ve been watching Nancy’s statements, and I think she’s incompetent, actually,” Trump said. “You know if you look at what’s going on with the Democrats and the party, it’s getting smaller and smaller. You know, in a certain way I hate to see it because I like a two-party system. And we’re soon going to have a one-party system. I actually think a two-party system is healthy and good. But she’s done a terrible job.”
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NEW UNCOVERED INFORMATION: Why Central Banks Were Forced To Rig The Gold Market

by Steve St. Angelo, SRSRocco Report:
According to newly uncovered information in the gold market, it provides additional evidence of why the Fed, Central Banks and the IMF were forced to RIG the gold market. Actually, looking at this new information, I had no idea of the amount of Fed, Central Bank and IMF gold market intervention until I put all the pieces together.
Now, when I say “new information”, it pertains to new information and data that I dug up from older official documents. While most of the folks in the precious metals community realize that the Fed and Central Banks have sold gold into the market to depress the price, this new evidence puts the gold market it in an entirely DIFFERENT LIGHT.
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GOLD AND SILVER WHACKED IN THE ACCESS MARKET AGAIN/GOLD/SILVER EQUITY SHARES ALSO WHACKED

NO MOVEMENT OF GOLD FROM THE FRBNY/TROUBLE AT GREEK BANKS AS CITIZENS THERE REMOVE THEIR DEPOSITS AND PLACE IN SAME HAVENS OTHER THAN GREECE
from Harvey Organ:
HUGE USA TRADE DEFICIT OF 68 BILLIONS DOLLARS WHICH WILL BE A NEGATIVE IN FIRST QUARTER GDP/TARGET PLUNGES DEEPLY INTO THE RED WITH POOR OUTLOOK/MANY BRICKS AND MORTAR COMPANIES HAVE THE SAME PROBLEMS AS TARGET/LIKELIHOOD FOR A RATE HIKE RISES TO 72% IN THE USA
In silver, the total open interest FELL by 9,731 contracts DOWN to 199,568 with respect to YESTERDAY’S TRADING. In ounces, the OI is still represented by just less THAN 1 BILLION oz i.e. 0.997 BILLION TO BE EXACT or 142% of annual global silver production (ex Russia & ex China).
FOR THE NEW FRONT MARCH MONTH: THEY FILED: 349 NOTICE(S) FOR 1,745,000 OZ OF SILVER
In gold, the total comex gold FELL BY ONLY 2 contracts WITH THE FALL IN THE PRICE GOLD ($0.20 with YESTERDAY’S trading ).The total gold OI stands at 452,363 contracts.
Read More @ Harveyorganblog.com

UK Police Announce There Are So Many Pedophiles, They Will Stop Arresting Them

by Claire Bernish, The Free Thought Project:
Because police “cannot cope” with the “huge” influx of reports on child abuse, they now say pedophiles whose ‘only’ crime is viewing child pornography should undergo rehabilitation — instead of going to prison.
In a mere three years, child abuse reports have skyrocketed in volume by 80 percent; and, as Chief Constable Simon Bailey of the National Police Chiefs’ Council and head of Operation Hydrant, “which is investigating multiple allegations of historic sexual abuse across the UK,” the BBC reports, “knew his view would cause nervousness and draw headlines.
“But he said the numbers of reports of abuse were at ‘huge proportions’ — an NSPCC study in late 2016 used figures which suggested the number of individuals looking at such images could exceed half a million.”
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How To Prepare an Herb Garden in Winter

by Jeremiah Johnson, Ready Nutrition:
Who’s itching to get outside and start gardening? This article has to do with some things you can start preparing in your herbal gardens for the spring…but prepare now. Yes, now, while the snow and ice and the Yeti are all around… well, probably not (and hopefully not) the Yeti. But just because that snow and ice are still on the ground does not mean you cannot start taking the steps to give you an advantage and a “step ahead” of the pack come springtime.
Having a successful garden is all about timing. Make sure you prep your starter soil, pots and the area where you plan to grow. If you don’t live in an area where there is heavy snow, begin cleaning and preparing your growing area. Here are some tips to get started.
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